i think big quite is a great buy any price especially here in. low five thousand dollars so that's my fundamental view or it's the news that keeps changing right down euro derivatives trader and many points of the interaction of big client features on the exact date of its all time high december of twenty seventeen as the primary cause of the eighty percent decline and now there's been a lot of talk about that in professional trader circles your thoughts i think it was more of a coincidence i don't think there was a direct correlation it feels like there was but if anything it was all the hype people were expecting that one of wall street shows up with the c.m.e. futures and a c b o e futures and things were going to be different that all the money's going to come pouring in from. professional traders in reality that didn't happen so all of this hype drove decline probably an extra hundred percent higher i always felt weird once a big going started trading above seven and a half thousand dollars and it was all hype over the futures that drove it

co nfessed to confessed to us on your big bills, we'll just share confessed to us on your big bills,just share it confessed to us on your big bills, we'll just share it with everyone confessed to us on your big bills, we'lljust share it with everyone at home! there is yet another sign that the us—china trade war maybe easing. in the last few hours president trump has tweeted that "china has agreed to reduce and remove tariffs on cars coming into china from the us". it comes after the leaders of the world's two biggest economies agreed to a trade war truce at their meeting at the 620 in argentina over the weekend. that deal, as outlined by the white house, means that us and china have agreed to refrain from imposing new tariffs for 90 days. that means the us holding back from january's planned increase of tariffs on more than $200 billion of chinese goods from 10% to 25%. in return, china says it will buy a "very substantial" amount of farm, energy and industrial goods, though the amount was not specified, to reduce the trade gap with the us. and there'll be fresh talks on the thornie

this is the kaiser report the big year for curved a lot of slow downs mostly downs oh let's get the updates from so you are just a warning i do have the giggles for some reason so just in case you know i had a very good christmas i had still the giggles from it but as we pointed in previous episodes december has been the worst month of december since one thousand thirty one for stock markets it's also been the worst december for coincidence back in what twenty thirteen twenty fourteen so we've had a pretty bad year twenty eighteen in bitcoin and i'm going to look at some of the data that has come out in the second half are going to be talking to tony going to go deeper deeper deeper into between and the whole outlook for it but this is an interesting story that happened right before christmas just in coin base moved five billion dollars in crypto as part of an upgrade it was worried would take a toll on the market quote the five billion dollar number represents five percent of all big queen eight percent of the total supply of ether and twenty five percent of all like queen so queen base di

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this is big, probably a big granddaddy ipo happens in 2019.20 billion they're saying out on valuations. it's a wide range. i think they're competing with lyft to get out first. that will be exciting to see who goes first and how they react. susan: does it really matter? lyft is what, almost 10 times smaller than uber. the book runners, ray, looking for something rich, 120 billion-dollar valuation for uber for a company losing billion dollars a quarter not expected to be profitable for years? >> how facebook started. netflix got started. massive base and services put on top. you're seeing it with uber eats. other alternative transportation areas. they're gaining ground. the real question are they getting monthly adoption and getting average revenue per user? i think they are. they have done a good job doing that turning around a lot of issues going on before with travis. charles: of course, the composition of these ipos, how many shares, how much they raise, how much money they raise, the share price offering, let's not forget facebook. as it s

big moves.cial sector within that is on pace for its own best day since march this year. many names seeing their best days leslie picker with the details. >> reporter: a broad-based rally for stocks today if we drill down further, one of the closely watched etfs that tracks bank stocks on pace for its best day in two years. regional banks seeing a big move to the upside. that group's best day as well in two years. among the individual names leading the sector higher today, regional players like key corp and big bank names like morgan stanley and bank of america, you can see those moves up almost 6% for morgan stanley and more than 6% for the other two but even with the notable gains today, the financial sector remains more than 23% off of its 52-week highs. in late january the bear market plunge has been largely due to worries about slowing economic growth, but at least for today those concerns not weighing on investor sentiment in this sector guys, back over to you. >> yeah, wow a lot of buying

you know world of big partisan. loftus and conspiracies it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now for washing clothes for watching the hawks. well i think it certainly makes sense for for moscow to think posts trump in its context with the united states i just fear that the dominant view in this city is that it is merely impossible until the united states kind of settle this domestic divide the environment and in these seas you know i hate to see these. as work toxic but that's exactly what it is and then i think it's in a way. you know you're damned if you do and you don't think you know. i had a great education a good job and a family that loved me. i never had to worry about how i would be somewhere i would sleep. but i'm facing christmas alone out on the st

big progress being made.ow the white house did not provide an official readout, but there's more about the conversation generally, that report did back trump's version of the call, but also said that xi characterized their talks as being at a quote, vital stage. he told trump that the meeting of the g-20 was successful now he said teams from both countries are working to implement is consensus and express ed hope that both can meet halfway and reach an agreement beneficial the to both countries and the world as early as b possible. next week, we are expecting top officials from the u.s. trade representative's office and treasury department to visit beijing for a round of negotiations if that goes well, "the wall street journal" says china's vip premier would come here to washington afterward and meet with ambassador light hiser and secretary mnuchin. we know these negotiations have come in fits and starts. there is not a lot of wiggle l room if they want to have a substantive, measurable deal in place before

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fifteen scoops seven times they do it several times a day with a big fleet oh you get an idea. we have to understand we can still use to just. be with them this is the deal. i'm doing this because i want the future world to future generations to have enjoy the ocean we. expect very many people will choose to be biologically go through a big biologic will be viewable do you. feel my. and it's not working for well i believe that we will have pretty much no biologically old people we will have a much greater number of coal of the good old people. i. proconsul on independence riots flaring balls alone and leaving dozens injured as protesters decry a federal government cabinet meeting in the regional capital. sacks for a fusing to sign a pro israeli pledge for school therapist in the us susan texas all parties over the mandatory it's also in place in more than a dozen other states traditionalists crossing the line that's wrong doesn't sound right you go to work to work you don't go to work for your outside life you should be able to have your own political abuse outside of your work

it did the best of the big three.ttle more than 6% on the year and the dow jones industrial average cutting its losses here in the final moments of trade down a little less than 6%. there it is, 2018. worse year for stocks since 2008 and at this hour, happy new year moscow. you are looking at a live shot of red square as they ring in 2019 there. let's get back to 2018 market action on the final trading day of the year. bob pisani is on the floor of the stock exchange. bertha coombs uptown and dom chu on the commodities desk. bob, let's start with you. >> reporter: hello, sarah. it's good and bad news in 2018. there's a lot of bad news but listen, it was a great year for big pharma stocks. merck, pfizer they led the dow gainers, up 35 and 20% respectively. eli lilly had a great year. its tariffs and a potential global slowdown dominated headlines in the second half of the year. big global industrials began drooping so caterpillar, 3m were among the worst performers on the dow. the big trade of earlier this year was the

it is still a big if. don't know if it is very clear as to how the whole communication channel gets monetized. is it through e-commerce, advertising? is it through paid services? check service -- chat services? definitely they have a big opportunity there. , this is you think still where advertiser dollars are going, but do you think we will ultimately see a decline of facebook over the next 10 years? do you think status quo? om: it took 25 years for yahoo! billionld for a few dollars so i think facebook is going to be here for a very long time. emily: do you think facebook is the next yahoo!? om: eventually, we all become yahoo!, right? less relative -- relevant, less able to innovate. every company goes through that phase, but with mark in place and their ability to just overlook any kind of morality or doing the right thing, will keep them in a good place and make their investors happy. emily: i want to ask about google. the ceo is supposed to testify on capitol hill wednesday. it is now a national day

the big play the bolts moments of. live good sleep music for most don't include. the super bowl so what is it. believe this is a. place to. play . play play play play play. play play play play play play. play as the goal that. goal. but slave slow. slow play play play play. play. play. play. play. play. play. play play. play she would only. play. the flute should play move to explode all the news play. this for. a look. at the song is the bread the dog the dog. the dog. the dog. the books. the books. the books. the good the books. the show. the gong a. long long long long long a long long. the gong of the dog the dog the dog the big dog the dog the dog the dog long the book the dog the dog. the dog the thing. leg . length. lens . no you've led. them to. the polls. close. to. the lowest slave . of the like the bullshit. no. thanks. thanks. thanks. thanks thanks. but i have to set the clock. thanks. if. yes yes. so yes home. yet. soon the show playing well that's a splitting business cleese's low. more women than playing

but japan post is a big deal all right.ar wall street banker is stepping down as ceo of block chain start-up masters is leaving for personal reasons. blockchain industry has come under stress bitcoin and other cryptos lost 80% of the values this year. masters jumped to digital asset from j.p. morgan where she was a pioneer behind the credit default swap >>> all right. let's find out what you're talking about on this very fine wednesday. is it wednesday? >> definitely wednesday. >> time for this morning's top trending stories frank collins back with those. >> good morning. we're going to start with a boring story that's a pun >> i get it. >> it wasn't good. all right, elon musk unveiling the plan to fix your morning commute. he is showing off the boring company's first underground tunnel and in an event in los angeles overnight. the tunnel runs beneath the streets of l.a it's designed to alleviate the traffic congestion phil lebeau was there and got to take a ride in that tunnel > the tunnel is like 1.14 miles its a demo for

consists of small cars, medium-sized cars, big cars, suvs, small trucks, big trucks. the way these plants work, there's a very big expense of retooling plants and this takes time. look, i'm not a expert on the auto industry as other things but i think the problem that gm has, is that they have less demand for certain things and certain plants, one of the big focuses for us, how do we make sure to put the people in those plans to work? the good news is, it is a great economy. people need workers. so, you know, whether gm or other auto companies could retool those plants or those plants could be used for other things, there are a lot of demand. a lot of demand for workers in that part of the country and with the tax bill and economic growth, those people will be put back to work. >> a philosophical question. is it appropriate for a free- market administration ostensibly, the free-market administration, to criticize the ceo about where he -- where she in this case, mary beth, deploys her capital? >> i think the issue is, the president in this administration has gone of o

that's a big gain so far, tim. >> it's a very big gain.e back and it's regrouping the momentum in north america is there. innovation is now back into this brand. the fact that the macro in china and across europe that at least for now continues to be a tailwind should be here. i continue to like it over adidas and some of the other names in the space i would stay long the trade. >> on a technical basis when you see the high from a couple of months ago to the low recently and you get this retracement bounce, you want to sell it at the 50 or the 618. that's right where it is right now. i'd be a seller purely on technical reasons. >> reports on december 20th, i understand what it's saying. it's going to rally in earnings. it's trading close to 25 times next year. that's a big multiple. however, given everything you can grow into that multiple. i do think though it might stall here it continues to rally into december 20th earnings release. >> foot locker has a cheaper way for sure they are both competitors and they work together the biggest su

there is a big difference. do you follow that and what does it wind up looking like going forward? what does the number look like going forward? kevin: the big delta that you have here is that you have the eia coming out with numbers then do an initial release, then they will do a revision. you immediately have a seven day lag. then revisions can come out 30 or 45 days later. imagine that if you were an equity trader. trying to be able to put your trades on, do your research, do your analysis with latency like that. that is what is happening in the oil market. you are seeing that in shale as well. what we think is going to be happening is that compression. to be up to say, you can look at a release from eia and the information we are releasing on a daily basis. better decision-making going off what is coming in. so you don't have so much guesswork going into whether it is in shale or oil globally and then you merge those two together to get a tighter thesis to actually put capital at risk. that is something we

if they are trading at a big premium, what is that mean for the big companies?ctation in their. -- in there. duncan: they're defensive stocks. they generally delivered. what they have done is made acquisitions. you had m&a slicing in there, as well. m&a is extremely expensive at the moment. you only have to look at the intangible. it's ballooned in the last year or two. cash hasn't improved. the big issue for 2019, they have to deliver on organic growth. more important on the cash flow, because you're buying huge cash generation. anna: interesting, structurally. you're seeing a challenge to the business model because there are small entrance. at the same time, companies are trying to scale up to become bigger, even as those challenges exist. m&a is still a feature in 2019? duncan: absolutely. balance sheets are strong. there will probably more add-on m&a rather than structural changes. wouldn't be surprised if you see themselves a underperforming assets and we distribute the cash to where they could win. they've got to be a lot more cute on how they run their bu

big drop in the price of oil. we're now 51 a barrel opec agreed to production cuts but we don't know how much. we understand that saudi arabia wants a small per cut than expected. little background here. president trump supports crown prince muhammad despite his widest expect involvement in jamal khashoggi are the saudis doing this to trump's bidding? remember, our president wants oil prices down and they are down. what a day for your money. in a moment we'll show you the latest on jobs and the state of the economy. "varney & company" sb to begin. >> first thing this morning we received a series of reports on the state of the economy actually on the state of the job market. tell me more. >> my over with economic data this morning channel your layoffs number of planned layoffs by u.s. companies came in at 53,000 in november. that's actually 30% lower than in october that's the good news. but the trend overall not positive. more people being laid off. but we should point out that job market remains strong, and if yo

kristie and nila, through the big brothers/big sisters program, have come together.he's considered a big blue in dallas, that's the dallas police gang unit. >> they're so young and they're involved in really violent crimes, and so it's just -- they s.ed ment they need someone. >> past few months, officers there have challenged each othe to becomebigs. now, participaon has tripled. nila and kristie planning trips six flags.to [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- jennifer lopez,

. >> really big waves. they were saying you're going to die if you come. i've got to come then. >> reporter: nauert -- thankfully neither mark nor ashley were swept out to sea during their walk near the surf. >> it's a nice big waves today. i haven't died yet. i haven't made it back yet so there's still time. >> reporter: no need to tempt fate especially since the high surf warning isn't set to expire until monday night at 9:00. >> i'm disappointed, i came out here because i heard all these high surf warnings and everything. and there is a sign up saying stay off the beach. >> reporter: let's talk about the signs. there are at least a half-dozen of them warning people about the possibility of sneaker waves and rip currents. the dangers of surfing in the area and even a portable sign set up for the weekend telling people specifically to stay off the beach. >> i saw the signs in the parking lot. and ignored them. >> we are not going to go down on the beach so technicality. we are going to stay above, the higher elevation shall we say. >> reporter: during a p

uncertainty over our lands and energy firms have taken advantage of legal loopholes to come here in the big day and night leah's they can put this on a deadly menace over us. it is the e.c.m. as it despite the region's natural richness people here are very poor and the energy companies come plunder and contaminate our land this way but the fortunes they make are kept for themselves and the people they pay off to cover this all up at that moment i mean. the way these oil companies operate is pure environmental vandalism demonstrates how little control local authorities truly have. been they look i hope this will be a serious investigation with those responsible named and duly dealt with we are sure we will win this case and then we'll be able to keep our lands and safeguard our health and the record most importantly as they want to save our identity and culture. he has approached the energy companies at the center of those complaints for comment so far they've chosen not to give us any statements we'll let you know if they do though is just turned our fossilised saturday night here in moscow

made some big. plays. the ending. plays a. big big deal so the ball. looked. more. long. long the goal. the more the ball. the bug the. six. feet. big. news. show this is a. long. nothing more needs to. eat lunch he said. with a. very calm. lot of school. to get my song. because of the. don't suppose honey good job it was on the boat. ya know i just don't suppose. this video feeds living. get out of the faces all the seagull the situation you showed us as anybody knows when the comics don't support the beach. and find it all the same to me dozing on the beautiful. long. long long long long long long long long. long long long long. long long long long long long. long the bawling. long long long long long long long long long long the ball long. long long long long long long long long. long. the big. you're. calling on the set. and. call. me. to call people. to hear me speak to them. and to do you have to be an. eclipse at them. all because it. takes a call at home like the folks at the. the folks who. shop. with. just. a cokie to see. and which day for it typically. the big

carol: also, big data. >> we have been talking about big data for a while. but it has gone from hype to reality. and to be clear, it is big. it is extraordinary. it is hard to figure out. so let me give you the tagline that we are using to solidify our thinking. data is the new oil. we have been saying this for a couple of years. it is now being used more broadly. let me take you through how i am thinking about the impact of data and where we are in the cycle. so, oil and data have both been around forever. the first well drilled was in 347 a.d. in china. data is everything all the time. but what makes it a new era is our ability to gather and refine it at huge volumes. when you have a new industry that is this important that shows up, what you get is early consolidation. in the early days of oil, we had massive consolidation. we have this massive consolidation in the world of data. you see titans created. getty, rockefeller, and the titans of today. and some interesting things happen. the industry gets shaped by spills and hacks. the exxon valdez basically

they're waiting for a big tow truck to come tow that big rig. and so traffic is now moving in four lanes, which is great news there. but unfortunately, traffic is still backed up from emeryville to richmond. >> so be mindful out there. >>> but it's sunny and friday and we've got kari hall. >> windows down. enjoy your friday. because we are going to start to see more clouds moving in tomorrow. and highs will reach into the low 60s. we'll still be comfortable. sunday your outdoor plans are looking good, unless your plans are at 10:00 or 11:00 at night. so that's when the rain starts to move in once again. and we'll see that in time for our start of our workday here on "today in the bay." we could see scattered showers moving through and, of course, we'll track it for you. >> we're already in bed by that time. >> yeah. but we'll get you ready on monday. >> that does it for us. our next newscast at 5:00. >> you can also get the latest information all day at nbcbayarea.com. thanks so much for joining us. have a great weekend and we'll see you back he

now it's upturn, one of the big questions for 2019, can the u.s. keep growing so strongly when the rest of the world looks like it's softening. maria: that's absolutely right. we started with synchronize global story and tells us we are all togetherred. brexit uncertainty in britain. fires in rioting in france. italy and budget issues, doesn't that have to impact the u.s. at some point? >> well, you know, it looks like it's starting to impact the u.s. a little bit, so the last set of -- of gdp numbers that came out, we saw strong consumer spending growth but the trade deficit was widening. it looks like the global picture is having some impact on the u.s. and then also we can't forget that financial markets are globally connected and, you know, the slowdown, a lot of multinationals that earn a lot of money overseas, we are seeing stocks tumbling in the last couple of months. maria: fed has done a bit of a pivot in my view, first we were expecting consistent rate hikes throughout next year, 3 at least. jay powell says we are looking at 2. then the m

coincidence back in what twenty thirteen twenty fourteen so we've had a pretty bad year twenty eighteen in big coin and i'm going to look at some of the data. has come out in the second half are going to be talking to tony going to go deeper deeper deeper into between and the whole outlook for it but this is an interesting story that happened right before christmas just in coin base moved five billion dollars in crypto as part of an upgrade it was worried would take a toll on the market quote the five billion dollar number represents five percent of all big queen eight percent of the total supply of ether and twenty five percent of all like queen so queen base didn't announce this before they did it partly because they were afraid hackers weren't trying to somehow get inside it and steal that but also they were afraid that it was going to cause. market to crash. that somehow they people would be able to see their wallet because it is open it's an open ledger so people can see these huge movements of coins. it only cost like a dollar to move that five billion dollars in big coin but the interes

in equity oil is the big story. so big story in canada and so big business in canada and the price of oil if it continues to move in the wrong direction and that is down you are going to see credit problems and high yields and issues with oil and gas stocks. his technology getting cheap? is loyal getting cheap? our customers looking and saying where's the opportunity? we are seeing some of that as well. maria: it's a good point you make as to oil but you could then look at oil and say it's down 20% and that's a positive for the consumer because it's going to cost you less to heat your home and fill up your tank. on the negative this level is threatening sheer producers. setting their profitability and there could be a story when you look at oil this is the economy is slowing. that's really where i want to get her notion. you think there's a structural change and what your clients believe? are they expecting a real slowdown? >> i don't think the client see a recession. i think they are seeing economic growth in the u

it is now down 300 we'll dive into the big post earns pop. a big exception, what the company said that has investors cheering next. we're drowning in information. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when this happens you'll know how

big progress being made.ut all three major averages are on track for their worst yearly performance since 2008 s&p down 7% so far this year it also comes on the back of a very poor factory report from china. manufacturing there is actually contracting. it's shrinking for the first time since 2016, coming in below forecasts. >> to be frank, i don't know how much the market pays attention anymore to the tweets that say great progress being made. it's results you want to see there's a lot of stuff going on end of year. seasonality, pension rebalance continuing we're talking about tens of billions of dollars coming out of bonds and going into stocks maybe that's why you're seeing this sort of end of year pickup. >> i wouldn't say the market is specifically reacting to the tweet, but i do think that the idea there's a process now with trade talk, perhaps there's an urgency on both sides to come to some kind of deal, in part because of chinese economic weakness and here for the president to get some kind of win. >>

tobacco big oil big ag big telecom they will perpetrate any level of harm of death and destruction onamerica on the world if it just means more profit right we really seriously we thank you because i'm expecting this this behavior and a criminal justice system that turns a blind eye the more sociopathic you are the more money you make and if you do the viewer of you out there if you are going to get angry about. this for yourself for your kids for your future then do it for you want to wallow all right ok. sure you do you want to be paid to take a. leak and no less take the news from behind the ladies the ladies i know you ladies out there are wondering when will this world start treating you right for example when will men stop beginning conversations with the condescending ladies later. that is the question and before i get to the first story let me let me just say up top that i know it's pretty hacky of may to do so men and women are different jokes but there's a next aereo type happens to be true have you ever noticed women are always whining about how we men are always murdering

but the rates market has had a big adjustment. to go much further here, the curve starts to massively invert and that would be a signal of an international policy struggle. jonathan: do you anticipate that? scott: our view is not that we are coming up against a policy mistake. again, to use the word "grappling" to your point on the inflation, what the fed is grappling with is this is one of the most prolonged tightening cycles they have gone through. the fed loves their models. and the errors on those models is getting very long. everything of their models says the inflation output numbers should be higher than it is. jonathan: this was the federal reserve under chairman powell that was meant to deemphasize the models and introduce some vagueness. why are the models important again? scott: because the data dependency in the fed will never be inextricably different. jonathan: i love the idea that they are data dependent but no one understands the reaction function. it is totally useless if you don't understand the reaction function

the pay—per—view is big business.uccess comes at a price. boxing is really flourishing in its because there are so many good fighters in big fights at the number of free weekends where television companies can put the fights on on those weekends and when there are arenas big enough to house the expected turnout, they are free as well. getting all of those factors in places not easy. boxers and boxing tonight going head—to—head in the ring and on the box. also coming up in the programme. we catch up with christian wade, two months after he shocked the world of rugby union by quitting for the nfl. and gareth southgate tells us how some unexpected items kept the england squad entertained at the world cup. i don't know who gave their budget to sign off, but they had unicorns and the rubber chickens to keep people entertained. let's catch up with the rest of the day's football with 0lly. there's a fabulous title race shaping up in scotland, 4 teams separated by just three points before todays matches celtic are three point

is a big that would be at as well. overall economic slowdown, ommodity complex is one of the first places it would show up. f course oil has so many components to it too. become oes a trump bump a trump slump in 2019? teasing ahead. jason, very clever there. actually, i al-- am writing that and i believe you could argue that we already have trump slump, especially if you're focusing on the stock markets. since october -- stocks went up and since then significantly down, so yeah, trump slump. to read it. wait tory for , economics ed bloomberg business week. always a pleasure to talk to you. year. ew >> you too. ♪ >> thank you >> let's check out the markets are the closing 2018. what has turned out to be the worst year for the markets across 2008. it points to the idea it has not ast been stocks in 2018 but risk acid selloff. looking at the s&p 500, down 6.2%, its worst year since 2008. to put that in perspective in 2008 the s&p 500 down more than 38%. really, this is more of a reflection of the bull market. sold offngly

so this is their big idea? people?nk human interaction is overrated, but this makes quite a bit of sense. they literally just put real cpa people in their software. why didn't i come up with that? why are we still clapping, by the way? i don't know. but if i stop, people are going to think i'm jealous. you get a cpa! you get a cpa! you get a cpa! i like this guy's style! [applause continues] turbotax live now with cpa's on demand. i'm begging you... take gas-x.ed beneath the duvet your tossing and turning isn't restlessness, it's gas! gas-x relieves pressure, bloating and discomfort... fast! so we can all sleep easier tonight. you could tell the truth or a better version of it., just ask dos equis sweden's most celebrated mexican-- cerveza! ohhh! jaa, two xs. ooh! dos equis. keep it interesante. ♪ he eats a bowl of hammers at every meal ♪ ♪ he holds your house in the palm of his hand ♪ ♪ he's your home and auto man ♪ big jim, he's got you covered ♪ ♪ great big jim, there ain't no other ♪ -so, this is covered, right? -y

this is a big deal. it's a big deal for you. it's a big deal for me. the event? michael: oh, yeah. i'm very confident it will be done for the event. lemonis: okay, buddy. i'm looking forward to seeing it. i'm excited. michael: yes. lemonis: see you there. michael: all right. thanks. ♪ lemonis: i just arrived at the bronner bros. convention, and the energy and the excitement and the number of people -- i've been to hundreds of conventions in my business career... [ woman speaking indistinctly ] [ man speaking indistinctly ] ...but i've never seen anything like this. michael: hey! how's it going? [ laughs ] how's it going today? lemonis: how you doing? michael: you just getting in? lemonis: yeah, i just got here. so, the old products are still out? michael: the old products are still out, yep. so... lemonis: so, none of the new stuff came? michael: none of the new stuff came. i know. i know, i know. lemonis: when i realize the bottles aren't there, we're in the middle of a trade show. there's customers everywhere. so i keep my emotion in check. but i'm j

it is the classic too big to fail bank. it was the country's largest bank for much of its history, one of the largest. what was really striking about the research vern date is you have this long time when it's an independent institution when that only is it stable, it's so strong that it actually rescues the government on occasion. it becomes a magnet for deposit in time of crisis. roughly since i century since it's been guided come heavily regulated, protected by the federal reserve we've seen this at a think that's what i think makes it a really important case study as a look at the too big to fail problem. >> james, you anticipated a question i wanted to ask in pointing out that citi, which we know is one of the largest banks in the country today, if indeed it isn't the largest, i think it is now the largest, in any event it is an top four, but as you mention that invictus also one of the largest way back when it first started getting into trouble and being rescued. this was in the 1920s if i'm not mistaken. but was ther

amazon is big, big insurance, big from a cynical, big health care, big automobile big , information, big media. you are fighting an uphill battle against these monopolies. they are hurting the small firms. i ran on that. adam smith has the same thinker, both enlightenment thinkers, genius folks. smith said the same thing on the economic side, he wanted a large number of small firms duking it out to get the best products and we don't have that. our economy has been anemic over the past 30 years. wages have been flat for the average person because of that. the elites up in the bubble are doing quite well. the middle class you saw in the election results, trump in the midwest and michigan, ohio, wisconsin, pennsylvania, etc., the folks in the middle class do not feel they have been on this ride when the elites and bikinis are doing well. basically, that is my philosophy. james madison on the politics. adam smith on the economics. it is fairly simple. steve: four years in the house and two terms can you stand firm , to your principles but also compromise? brat: i did, and compromise is a

you can see the tree shaking as a result of that big earthquake. there is also drone video we want to show you. this is waldron lake. the ice was eight inches thick yesterday. there are cracks all over this lake. again, eight inches thick of ice. here we have this video showing one of the many roads that buckled. it's hard to see what we are even looking at. there's the road. there's the buckle. all of a sudden no more road. luckily, it made it across before it opened up e. >>> while that alaska quake created problems for air travelers, alaska airlines shut down service for a time. robert honda joins us in san francisco at the airport at sfo with all that and how it ended and what rippled into the bay area. >> reporter: it was already a somewhat hectic travel day at bay area airports, and alaska airlines has been assessing damage to the terminals and runways. at 2:30 this afternoon, began diverting 10 flights to a nearby air force base and fairbanks. one traveler we called to was already in contact with friends, including one who sent her this pict

i'm like a big kid.hen knowing there's so many children that normally wouldn't get an opportunity like this that are able to be there and experience it, it's magical. >> yeah. holiday heros is coming up on tuesday. when you talk about 400 kids on a sugar high, that is the stuff. >>> hey, we've got the nfl for you. the rivalry game of their own sunday when they hit the high-powered kansas city chiefs. they're coming to town. oakland, a 15-point underdog for this one. >> we know what the point spread is, and we know what we're up against. we're anxious to compete. >> kansas city got that explosive offense, led by patrick mahones. only thrown 37 touchdowns this season. the raiders have yet to face majones on the field, john rutten has seen plenty of him on film. >> his overall skill set is sickening. i mean, it really is. he's double jointed. i mean, he can throw the ball from any platform possible. and he's got a playing style that remind me of farr. he's a young farr. that's why andy reed went and got him

believes he is the big draw.eds me, let's make no mistake about this matter. wilder's been a wbc champion since 2015. he's made seven defences of his world title, but he's still unknown in this country. it has been a long time since north america hosted a heavyweight fight of this magnitude and it has captured the imagination of some of the division's greatest champions. his deontay wilder to catch up to tyson fury, or the other way. it's like this, these types of bites make for exciting fights. well that's the view of lennox lewis there. ade is up nice and early in los angeles for us. still over 10 hours away from the fight. anticipation will slowly build through the day. can you give us a sense of what it's like in the usa? the public there seem to have really taken to fury and his story? yes they really have. i went to a media event, and he handed out to get the firefighters and they spoke about how impressed they were with him. all week they told us that he is the biggest draw, and deontay wilder even though

to me, number one, china trade is the big issue.rags on for a long time, maybe the federal reserve doesn't hike as aggressively if the president -- and i think this is probably the less likely scenario finish cuts a deal in the shorter term, then maybe the fed keeps hiking interest rates. but their all kind of related. >> and what do you own that's fed-proof, china proof? what sector is that? i don't know. maria: yeah. well, the issues for the market have been so wide and deep that we're seeing these wild, volatile moves, down 500, up a couple hundred, then down 600 again. it feels like that's going to continue into the first quarter. what do you think? >> a lot of people say that's the algorithms in the computer trading. maria: i'm not buying that. >> or it's capitulation. an oversold market becomes an oversold market. >> let's just say it was the algorithms and the computer trading. what are they reacting to, or why are kind of humans taking a step back and allowing those algorithms to run the market? it's because of the uncertain

next up, buy big and buy big progress. u.s. equity futures rally after president trump expresses ptimism for the trade talks. and in the markets taking those moves today, nonetheless are you seeing a rally under way here in u.s. equity futures. the ft-se moments away from closing for the year. flat on the day. european stocks will close at 10:30, 1130 today. this is "bloomberg." alix: this is bloomberg daybreak. happy new year. it dow jones futures are up 1%. there was a horrible december and a rough year for equities. the worst in about a decade. there is optimism coming in. president trump tweeted over the weekend. we saw volatility last week. european stocks will close at 1130. it's higher, but the ftse is closing right about now. it's down almost 13% this year. i want to take it look at what happening in the euro-dollar. way, the effect it had on sterling. just: liam fox said we may have to have a revote. alix: there's that uncertainty. the vix is down. what is normalized volatility in 2019? crude is up 2%. 2015,he worst ye

proa he was projected to be a big star in the bigs, had shoulder problems. .254, homers for texas.lpen depth. switch pitcher pat venditte, he can throw righty and lefty, how many people on the planet can do that? dodgers yasiel puig, not your friend hundley, to the reds. share of run-ins with the giants in six years in l.a. dodgers get homer bailey back but will release him. gigantic salary dump for dodgers. cleared payroll and possible go for bryce harper. >>> hoops. demarcus cousins is showing progress slowly but surely, dunking on kevin durant in game of one-on-one after practice today. doesn't have great scloeexplosi you can see but showing progress. how does cousins look? ask durant. >> ask him how he feels. i didn't make the play. he beat me today, but i live to fight another day. i don't think he's going 100%, i'm not going 100% but whatever that was, it was cool to do. >> fun right? lebron and l.a. lakers hosting anthony davis and pelicans, who lebron wants as future laker. hard to stop him a foot above the rim. lebron triple-double, third of the year. most by player in the