this is bloomberg. ♪ markets.s bloomberg >> time now for the bloomberg business flash.inues maintain its position as a restaurant brand. shares something today. burger king is holding its own against mcdonald's and other franchises well others like popeye continue to struggle. cuts andginning effects of the retail business. biggest bullet train system is getting better -- bigger. rail trouble has lost ground to cheaper flights elsewhere. will travelpeople by rail this week, more than the entire u.s. population. >> the s&p 500 its largest swing in history. >> people are playing psychological games. they are wondering when or other people going to self. that is very hard to predict. what do you do as an investor question mark i think it is simple. away from those things. >> you did not really want to own treasuries because they cap selling off. gold sold off as well. utilities got hit because of higher yield. if you need to rebounds, how do you do that question mark >> i think you can rebalance across sectors and across countries. the u.s. has that. been the most expensiv

this is bloomberg. ♪ london, i'mfrom nejra cehic. vonnie: and i'm vonnie quinn. gaining of session highs. joining us who leads coverage for bloomberg coverage. it will be an interesting week. i was struck by the comments from deutsche bank saying it is not happen. ed. three consecutive weeks of bond yields lower. mike: there is a first time for everything. there is some solace to be taken from the opening trade this morning. we have been in the green on the equity index teachers since the opening last night. we are still higher today. what is amazing is we are still higher but some noticeable swings off of the highs. i was watching futures premarket, up 8% and a half. i am not sure we are quite out of the woods yet. the longer we stay in the green this morning, the more faith people will take that last week was a temporary spasm. vonnie: with bond yields higher and equities lower, we are looking at cpi data on wednesday . is that a potential catalyst for the mark? is in the front of the mine on everyone

bloomberg markets. ♪ mark barton welcome to "bloomberg markets. -- .ark barton welcome to "bloombergarkets." ♪ vonnie: jerome powell is now the new fed chairman. he has a video out we start with key economic data with julie hyman. julie: nonmanufacturing composite, that is better than are 59 pointd p nine is the biggest expansion of the so-called service industries in at least 10 years here. it is really a notable number here. 59.9 reading the employment gauge and rising, the strongest in record tax in july of 1997. this is particularly important. we talk about a potential vote -- revival manufacturing but it is the nonmanufacturing or services portion of the economy that is by far the biggest. economicore strong data adding to the jobs reports. that was not good news for stocks. we saw on increased in bond yields. the first one i want you to look at here is the 10 year yield, which remains unchanged after the latest numbers came out. holding at the highest since january of 2014 and up one basis point this morning. seeing little change holding atd market, but the selloff is indeed co

from new york, this is bloomberg. ♪ lisa: this is "bloomberg markets ."ulia: let's get a view from minnesota now. michael mckee sat down with neel kashkari. he weighed in on the wording from the fomc january statement. >> we debate each word change in the statement. a lot of debate goes into those. yurther is intended to sav furthering the path we are on. julia: mike mckee joins us from annapolis with more highlights from his exclusive interview. the decoding of the word "further" here -- the tax overhaul. get a specific't number on how much they've marked up there forecast -- forecast. the fed will continue on the right path they've already announced but they aren't ready to raise the number of rates this year. heard from the philadelphia fed president who suggested he is still in favor of two rate hikes rather than the three that is the consensus forecast. the fed not changing it statement. go, more months of data to that's where we are at the moment. fed presidentlis neel kashkari isn't exactly a consensus member of the fed. is that right? michael: he

this is bloomberg. ♪ bloomberg for a exclusive.al of the next chairman of europe and former chief executive believes that london --rmet a major financial will remain a major financial sector post brexit and stressed the importance of a constructive relationship between the u.s. and france. >> one of the weaknesses of europe traditionally -- thanks for financing most of the economy, -- banks were financing was to the economy, whereas in the u.s. it is the market. the market and private money happen financing a growing proportion of european efforts. i think the point is to find the right companies, and to find the right companies, companies which can be accelerated and globalized. >> and politically, europe obviously has been through quite an interesting period the last couple of years, specifically driven by brexit. how is that playing out in france and the rest of europe economically? >> economically we see the exception of britain, which is decelerating because of brexit. the rest of europe is picking up. even france, which had b

this is bloomberg. ♪ francine: economics, finance, politics, this is "bloomberg surveillance." i'm francine lacqua here in london. we saw a huge market tumble. sincelloff deepening yesterday, however in the last 40 minutes or so we have seen a little bit of a turnaround when it comes to u.s. futures. they were down some 2.4 percent, apart from the dax, which is still one of the biggest losers. a lot of the stocks are losing less than they were 10 minutes ago. you can see the ibex down 1.4%. let's get straight to the bloomberg business flash. here's juliette saly. bnp paribas income came in at 14 3 billion euros in the fourth quarter, in line with analyst estimates. the french bank is coping well with low rates. thef you look at the markets in general, you see a pickup when you look at volumes and all of that. however, we still have a low interest rate environment, so that weighs a little bit on the top line. the cost of a risk is lower than what you expect. that is why domestic markets, the bottom line

this is bloomberg. ♪ is "bloomberg markets. i'm shery ahn -- "bloomberg markets."spparel a big problem. blamenot just amazon to for the industry's decline, as this has been brewing for decades. joining us to discuss, lindsay. we talk about the amazon affect and how chains have been going out of fashion. but really, the answer is that people don't care about clothes as much anymore. >> that's a big heart of it. you only need one wardrobe, now. you are not dressing to fully for work than the weekend or going out. -- are more interesting interested in mixing highs and lows, you can get a great deal on basics but maybe you spend more on a hand bag or a down coat. there are just a lot of different things coming at the retail and apparel industries that are cutting things away. be online to to fix your problems. the answer is you have to have a great product at a great price and no one seems to have the right answer right now. look at that chart. look at that chart. experiences, holding steady, slightly up. people are just not as interested. is it just fashion, or clothe

this is bloomberg. ♪ julia: this is "bloomberg markets."time for the bloomberg business flash. in on lowghing volatility and declines in the stock market. let's go to a senate banking committee hearing. >> i can't say. we are supposed to look at the functioning and systemic risks. was there anything that happened yesterday that gives me a different view of systemic risk today than the day before? so far, no. traders snapped up hedges against credit losses after the equity loss rippled in local markets. were smashing the three-month high that was set yesterday. cow for some of the world's biggest automakers. a 17.3 billion dollars charge in the fourth quarter after some assets lost value. ford stayed flat. rose, so didt toyota. restating saw a favorable impact of $1.2 billion. -- mercedes saw a favorable impact of $1.2 billion. julia: let's go to an analysis of the tech sector. we talked to the senior chairman of sullivan and cromwell. ed hammond joins us. great to have you with us. if this prospect is on a more basis, does that play into th

this is bloomberg. ♪ julia: this is bloomberg markets. now for the sector spider report. our stock of the hour, with the major indexes of, what are you focusing on? plex technology is a big piece of this rebound rally. we are looking at the tech spider etf. we see along with the nasdaq there was that brief dip lower. helping to explain why the tech heavy nasdaq is on pace for its best week since october 2014, this rebound rally seems to have legs. relative to the tech sector, we are looking at apple up top. from 13ff that coming filings. stake buffett has up its a bit and now is the lot -- fourth largest shareholder. we have out the bed and trading higher. these were the names being sold last week. investors are buying the debt. jeffries has upgraded the software customer service uy.pany to a b these are some of the big winners. theloser on today, this is storage company. shares sharply lower down on the day. the storage company posted an outlook that is less than what investors looked for but this is a $56 stock. two years ago it was les

this is bloomberg. ♪ ♪ this is bloomberg: daybreak euro. in the morning open in new york.be a little higher at the start of u.s. trade. about 0.5% or so. they lost some momentum at the end of the trading day. we are seeing that a lot. other u.s. assets of note. the dollar is stronger against the basket of currencies. up about 0.2%. that is get a bloomberg business flash. phoenix group holdings is said to be in advanced talks to purchase aberdeen for about 3 billion pounds. according to people with knowledge of the matter, phoenix plans to raise about one billion pounds of capital to pay for the deal which could be announced as early as today. representatives for both firms declined to comment. bloomberg pb will be speaking to -- bloomberg tv will be speaking to martin gilbert at 7:00 a.m. u.k. time. swiss re expects to benefit from rising prices. the desert-based company reported a slump in net income $3.631 million, down from billion a year earlier. that follows one of the most costly hurricane seasons in history. it will raise its dividend and authorize a new share buyba

this is bloomberg. bloomberg markets. the gaming market is looking open as it prepares to new resort. the opening capitalizes on the year holiday. we are very pleased with the response we had with the junket operators and we think that balancing this between ourselves, we are confident we can deliver on the expectations the market has for us. >> they have lined up $106 this woulddebt and be the biggest corporate loan and they say that 100 billion of and come from 12 lenders the corporate debt has been weakening this year. canada has launched a national security review of a local company. said that they expect the deal to go through in the second quarter. 19 canadianat dollars and were below the lowest since october 25, the day the deal was announced. walgreens is said to be an early a -- to purchase after they said they discussed the possibility of buying a walgreens and neither company has offered a comment. all right. let's get a check of how things asia-pacific. the we have seen this play out through the asian trading

this is bloomberg. ♪ shery: this is bloomberg markets.nie: this time for the latest business flash. airbus close to 2017 with a record number of deliveries but the company is looking at a six point $8 billion charge for transport model planes, and he spoke with bloomberg tv. put your handan into the fire and say this is a once and for all, but what i am certain about is that we reached a breakthrough agreement with six government customers plus brings us over the hump. enders.airbus ceo tom therding to freddie mac, rate for home loans is now 4.38%, which brings roughly payments on a $300,000 hollande to about $1500, and that is more than $100 higher than it was in september. maker ise videogame moving to the cryptocurrency space. after theyed announced the push this month. agreement, they will create their own digital currency, the atari token. that is your latest bloomberg business flash. competing immigration proposals -- the senate will consider multiple immigration bills but there is no guarantee the trump administration is on board.

function on the bloomberg.easonality function on the bloomberg. .he stx is down we are going to see if we can continue with that read in asia .rading . haidi: we have a huge data calendar this week, not least indian inflation kicking off today and that fourth-quarter number, which is expected to be an eighth straight quarter of gains. is that going to be overwhelming when it comes to the sentiment on the other hand, where it hasn't been price action and momentum, liquidity concerns, volatility driving this selloff? take a look here at asia. we are seeing a little bit of upset when it comes to kiwi stocks trading underway, just about 1/10 of 1% higher. for thenother decline bloomberg dollar index again after what was largely a good week for the greenback last and 2/10 of 1%. a big theme when it comes to the aussie open is that royal commission into the financial sector. the aussie kiwi trading at 1.0790. we haven't seen necessarily a strong correlation of risk and flows into safe havens. gold futures of it down,

this is bloomberg. ♪ ♪ vonnie: this is "bloomberg daybreak."rime minister is heading of the country's biggest ever delegation to visit the united states. malcolm turnbull meets president trump at the white house tomorrow. the transpacific partnership will be up for discussion, among lots of other things. we're joined by australia's minister for trade, tourism, and investment, who will also be at the high-powered meetings and will meet with wilbur ross, the commerce secretary. talk to us about the tpp first. it is sort of dead from the u.s. point of view, because the u.s. the u.s.if -- but if were decide they wanted back in, without the on the table? guest: the 11 of us that have come together to form what is now called the tpp 11 represent $13.7 trillion worth of economic activity. we have left the door open for the u.s. to come back. we weren't surprised, but we were disappointed when president trump took the decision to withdraw the u.s. from the tpp, but if there's an opportunity for the u.s. to consider coming back, we think that would be a

this is bloomberg. ♪ >> this is bloomberg surveillance.boost from its cloud computing services, cloud sales almost doubled in the fiscal second net lossthey posted a after taking in almost $14 billion charge for the latest taxes owed on overseas cash. facebook says its business remains strong this five major changes at fixing its impact on society. they said time spent on facebook in the most recent quarter fell by 5% but the company intended that in order to promote a higher quality experience. they spoke reported another record quarter for sales. unilever is rolling out new products to boost sales volume, the consumer products giant says underlying sales growth for percent, they are trying to make up for tough thing pricing pressure on long-term products. we spoke to their ceo. >> going forward for next year, we will probably see growth, half pricing and half volume. >> in the last year, unilever about a takeover form kraft heinz -- from kraft heinz. flashs bloomberg is this -- business flash. predictedsome davos protectionist rhetoric w

keep it here, this is bloomberg, and "bloomberg technology" continues. ♪ emily: this is "bloomberg technology emily chang. russians used media sites like facebook to derail the political process, and that is the latest of unflattering you stories for facebook, and this month's wired story shows a beaten and bloodied mark zuckerberg literally carrying the weight of the world on his shoulders, and it reveals the world's most popular social me a platform trying to cope with fake news, russian agents, and societal backlash uprising against him. a welcome wired editor in chief. >> good to see you again. emily: the cover makes a statement, but was the intention here? >> with the cover, the story is about two years and facebook, what is the singular image that can show what has happened in two years, and we wanted to show zuckerberg beaten, but unfazed. it is like the end of die hard, or a boxer who thinks he is going to win. you saw a lot of time, the mouth, how do you look -- make it look like he is smiling? it is not a much shot, is not about to collapse, he is beaten but confident. emily: bob mu

from new york, this is bloomberg. ♪ >> from bloomberg world headquarters, this is bloomberg markets.et fu. when need to check in with julie. this is the fourth decline in five days. julie: this decline has a couple of minor access to -- exceptions. stocks are heading back in the downward direction with the dow and nasdaq closer to 2%. we approach the end of the session. a turbulent time to close to the last hour of trading. , when wemention started to see selling accelerate, we sold trading volume pickup. let's look at the current landscape. we have financials down two and a half percent. they were falling even when we were seeing bond yields rising. utilities the loan group endocrine at the moment. some of the big cap banks have been declining today. selling is concentrated more on the insurance companies. prudential out with earnings today. expenses rose in the last quarter. numbers.recorded its those shares are taking a bigger heads. auctionave the 30 year earlier today which drew weaker demand. it was indeed weaker. selling here happening for the treasury market, it has been boun

this is bloomberg. ♪ scarlet: this is bloomberg markets.ter the recent selloff, wall street may be getting the job needs. volatility is back, but the big question now is whether it will last. where joined now by bloomberg executive editor for global finance. is ons a sense of what the trading floor at the moment. >> this is a very welcome change for trading floors. lousy trading results because the market had been so, coming in the industry wants people buying and selling and that is how they make money. we have been hearing example by example that people are excited for this change. today you have goldman sachs ceo talking about how there were caught wrongfooted last year because they were waiting for volatility which never came which hurt their bottom line in the end. he said things look different this year, and he also had ike of america coo saying that things are looking at this quarter and volumes are up. this is a very welcome development for what was a sleepy part of wall street. scarlet: we have seen a lot of big events, whether it

you can also watch on the bloomberg at tv . this is bloomberg. ♪ this is bloomberg markets.terley. scarlet: and i'm scarlet fu. it is time for options insight with julie hyman. julie: thanks. joining me today is kevin kelly, managing partner at benchmark investments. we're talking retail. macy's came out with her intended better than estimated, which is a surprise. were you surprised by the strength in numbers? surprised by the strength in numbers and more surprised by the guidance going forward. they are beating consensus across the board by significant amount. when you look at the retail space, i want to see what was happening and i looked at the xrt, and s&p 500 retail etf. it has the broad-based, and the constituent more than 1.5%, and it was pretty much down. in the options market you saw a lot more -- 2.5 times the amount of puts versus calls. on a day that macy's beats guidance it was perplexing. julie: it is interesting. you have some retail movers like autozone and i do not know if they are in the etf -- kevin: they are. they are. julie: maybe that is part of the is

this is bloomberg. ♪ ♪ shery: this is bloomberg markets balance of power.: from bloomberg world news we turn to taylor riggs. taylor: an official says a transfer from guantanamo may occur soon. suspectblack -- the pleaded guilty in 2014 and was supposed to be transferred today to a rehabilitation program for former jihadists and saudi arabia. president trump will host the swedish prime minister at the white house next month. the white house says mr. trump looks forward to exchanging views during the march 6 meeting on deepening ties between the u.s. and sweden, with a focus on trade and investment. the leaders are expected to discuss advancing regional and global security and achieving shared defense goals. u.n. children's agency has singled out pakistan as the riskiest country for newborns. according to a unicef report out today, 46 of everyone thousand children born in pakistan dies at earth. after pakistan, the sink -- the central african republic is the next riskiest country for is thes and afghanistan third. babies born in iceland, and singapore have t

this is bloomberg. ♪ scarlet: this is bloomberg markets.eringhn malone is to help the biggest radio broadcaster to get out from under a crushing debt load. intelligence, he wants to sponsor i heart to a chapter 11 accuracy, talk about this because it is a big deal and big surprise. >> i heart is the biggest radio operator in the country and was an incredible successful company in the early 2000's as the raider industry consolidated, but unfortunately they went into a leveraged buyout in 2006 just before the financial crisis and put 20 billion dollars in debt, and the company can support that kind of leverage, and the company has been under pressure and we are days away from the company filing bankruptcy. various parties have been talking to each other for well over a year and various creditors in the company and representatives -- so it looks like john malone is the last minute to potentially throw in a lifesaver. scarlet: a hail mary. john malone is a force to be reckoned with, where does he see value in iheart? 70% of sirius xm and sirius

this is bloomberg. ♪ mark: this is "bloomberg markets ." i am mark barton from london.: and i am vonnie quinn. it has been a big week for etf's. the big story, the announced closure of xyz. a similar closure occurred in the past with a similar inverse product. following the 2011 spike in volatility, it was down while xiv was open. here to tell us more is the analyst at bloomberg intelligence. tell us the story. >> interesting enough when you look back historically, it is learning time for etf's. when you backtrack to 2011, we have seen this happen before. 2011, we had the s&p downgrade of u.s. debt. we saw a big spike in the vix the products doing what they are with to do and got hit assets and barclays it says we will close this product. so they close the product. if you look at the lifespan of ivo, was only open for eight months. it closed in september. interestingly enough, xiv was open at the time. we note the trade remained popular. we saw this well in assets at the time. vonnie: isn't that insane? what is the reason? athanasios: i think they just saw the trade is

this is bloomberg. mark: coming up on bloomberg goes high-tech.sh into east courts danger tracking. -sports and danger tracking. this is bloomberg. ♪ passed away and leave money in a bank there are a number of ways they can achieve funds even if we don't leave instructions. with bitcoin it can be harder. an american software engineer was left with the knowledge his son was an early minor of bitcoin. a number of companies offer a level of protection against this scenario by securing the password needed to access a bitcoin wallet or by hosting the wallet itself remotely, or selling usb drives to make it possible to store a virtual wallet in a physical wallets. it is a good time to consider whether the right protections are in place for bitcoin investments. updates at tech talk. -- tick tock. on twitter,ing live live from london, i'm mark artan. vonnie: this is bloomberg markets. thes time for a stock of hour. shares falling after the company said it would increase after it would defend its market share. that may mean prices will fall to the airline.

this is bloomberg. ♪ this is "bloomberg surveillance."rancine lacqua. we are back with mario monti and christopher. first, let's get to the bloomberg first word news. nejra: president donald trump criticized the fbi, democrats, robert mueller's investigation, and his own national security advisor over russia's efforts to sway the u.s. election. hours,g 14 times in 24 trump focused on defending his victory and insisting neither he nor his campaign colluded with the effort. the "l.a. times" is reporting that rick gates, a former trump campaign aide, has agreed to plead guilty and cooperate with robert mueller. japanese exports and imports both registered strong gains in january. overseas shipments rose 12.2% while imports grew 7.9%. the increase resulted in the first monthly trade deficit in eight months. eurozone ministers vote today to replace ecb vice president vitor constancio. 'se head of latvia central bank has been detained by the country's anticorruption bureau. there are calls for the governor to step aside. his lawyer says he cons

this is bloomberg. ♪ ♪ this is "bloomberg surveillance". let's get the "bloomberg business flash".bus is promising growth this year if they can fix two problems. said, crossing the target would depend on overcoming engine problems for the hot selling neo-jet. at 6:20d to tom enders a.m. new york time on bloomberg tv. whether then of biggest deal in the history of technology going forward. they met yesterday to discuss the billion dollar hostile takeover. the board will meet to discuss next steps. k, a banking group has terminated an arrangement in which the firm oversaw $153 billion of assets. the move would affect less than 5% of annual revenue. that is your "bloomberg business flash". tom: taylor, thank you very let's look at the bond market. the two year, not the 10 year. the 10 year begins to threaten 3%, 30 year bond, way out duration moves. fed looksat the at, a two year yield with you to acceleration outside of the addictive envelope of a number of months ago. viraj: -- davidis still with us, riley brings experience. david, the bond character now, are the vigilantes telling

this is "bloomberg markets" on bloomberg television.earnings are continuing with yesterday we heard from facebook and microsoft, both trading higher today after beating out analysts' estimates. joining us is director of north american research, paul. apple, might it be a disappointing quarter? paul: the stock is trading kind of flat this year versus a stronger market. people are definitely pricing some concerns about the iphone 10, concerns about sales and what that means for the next several quarters that perhaps iphone 10 sales are coming in below expectations. it will be very important for management to give some color about what they per receive to be demand going into the second and third quarters here. vonnie: yes. what is it going to say about taxed on repatriation and what it's going to do with the money? paul: it's going to be obviously a very good story for them. i think it's been a very good story across the board. what we have been hearing from tech companies, obviously they will take advantage of this and then the question

this is bloomberg.ejra: european stocks struggling to make headway today after three days of gains and the best week since twice 16 last week. traders were searching for a catalyst on what was a fairly quiet day with equity markets in the u.s. and china closed for holiday. here with insight into what investors will be looking for is stephen isaacs, the head of the investment committee for alpine capital management. i want to take you to a chart first and it shows the rebound that we have seen since the selloff in european equities that has been lagging the rebound that we saw in the u.s.. you could answer the question if it's down to a stronger euro. is that why we have seen european stocks not rebound as forcefully? stephen: the selloff was not quite as much. there was an explosion of the bubble particularly in the short vix trade. it was very much a u.s. trade and that is where we have seen the biggest action since year d. the markets are moving more or less in tandem. it ran through the first week of

this is bloomberg. ♪ david: this is "bloomberg markets." has surged to the most ever in yesterday's session. it came down a little bit today. and jim of joins us mkm partners. whether thering short volatility trade has ended. it is time to take a closer look at what is happening with these products. is it close to the end of these types of trades? james: it will spell the end of short volatility trading in these products. many of these products are going away, either right now, or in the next couple of weeks. extracting volatility risk premium remains very attractive. the difference between implied volatility and realized volatility -- the fact it exists is constant over time. extracting that premium is still very attractive. there is no doubt there will be significant structural shifts in the inverse volatility products. point of got to the withordinary impunity investors participating in the short volatility products. that is unwinding right now. julie: you were talking about this with cory johnson. you likened it to what happened in 2007

this is bloomberg. ♪ francine: this is "bloomberg surveillance."and new york. let's go to your levels for your next trip to france and let's get to the ecb. spain is back on the executive board of the central bank. he is replacing the ecb vice president. still with us is antonio and jane foley. first of all, what do we know idnos what mr. de gu wants? he did not have the support a parliamentarians because a lot of people think the job should of gone to a central banker or at least an academic. it's a difficult decision and obviously politics are involved. countries want to sit on the main counsel or otherwise we would not be talking nationalities. we would offer that a proper theied europe would be on council, but if you look back at the appointment, obviously he is not an economist by training and growing through the ranks with the ministry of finance. initially as a deputy finance minister and then the private sector and back to finance minister. it probably makes sense to have different experiences within the governing council. some expertise in

this is bloomberg. ♪ yousef: this is "bloomberg markets: middle east," line on bloomberg tv and radiot's get you up to speed with the regional equity market action. you looking at the dubai exchange come away down -- exchange, the lowest level since november 2016. saudi stocks down 6/10 of 1%. qatar has rallied quite a bit into 2018. all numbers of the exchange down , overall loss of 2.7%. israel as well joining the big movers, the biggest move in quite some time for the israeli exchange. let's get you up to speed with the latest business flash headlines, starting with the story of saudi arabia. the state oil company aramco has kept pricing to asia the same for the second state month. the first time since 2007 at prices have stayed the same for back-to-back months, aramco had previously arranged prices for five straight months. the ceo of dubai holding has left the firm less than a year after taking the helm of the investment company owned by the emirates ruler. he will be replaced by the current cfo. dubai holding, which owns dubai properties group and a hotel operator, is one of the

this is bloomberg. ♪ emily: welcome to "bloomberg technology."'m emily chang, live from the goldman sachs technology conference in the heart of san francisco, where silicon valley needs wall street every year. we've been hearing from tech luminaries. jack dorsey talked about how remaining independent will be a strength for twitter. later today, we will hear from uber ceo dara khosrowshahi. i will speak with the goldman sachs president and co-coo, as well as benchmark's bill gurley. we have physical earnings out. cory johnson is back at home base with more. cory: can't wait to see all that. cisco, news crossing the tape, $12 billion of sales in the last quarter, sales up for the first time in the last 12 quarters. cisco, disclosing a one-time charge related to the tax overhaul. the company revealing some big plans. it will increase the dividend 14% and it committed to another $25 billion to buy back stock. john butler joins us now. he covers cisco for "bloomberg intelligence." we will pretend to have this conversation for the first time. i really

if you liked bloomberg news, check us out on bloomberg radio, the bloomberg radio app, and sirius xm.his is bloomberg. ♪ youtube, and, twitter may been for streaming rights to nfl's there's the night football. according to people familiar with the matter, they would bid up to hundreds of millions of dollars for rights that would run for as long as five years. the nfl is getting help in negotiations from fox, which owns the tv rights through 2022. industry leaders in sports, media, and technology converged today in los angeles for the nba all-star tech summit. team owner some athletes, and investors will give their take on the latest tech trends, including esports, digital disruption, and tracking. cory johnson sat down with sacramento kings owner vivek ranadivÉ and asked about the new stadium that has been running for over a year. beyond ouras been wildest expectations. our fans love it.the games are sold out . we have become one of the top five concert venues in the world. cory: really? in terms of revenue or what you mean? vivek: in terms of revenue, performances, we get, and we oft

this is bloomberg. ♪ ♪ welcome back to the european market open on bloomberg.t how markets are doing around the world with the world map here on my terminal. i will zoom in on europe. you can see we are looking at green across the board. the iberian peninsula gaining to third -- getting to third of 1%. the u.k. markets doing much better, .6% gains. we have strong -- a very similar picture to what we saw in the u.s. yesterday. guy: absolutely. coming into the end of the week, so it has been interesting for the markets as they bounced back after that shortfall the week before. what will next week bring? let's talk about the big story in the markets. that is what is happening with the yen. next halpenny is sitting to me on set in london. thent to take a look at dollar-yen distribution of expectations from the forecasting community. the middle of the distribution north of the hundred five we got. the market is out of position. why, what is going on? how much more do you think the yen is going to run? derek: i think a lot of analysts tend to lean on the fed raising

this is bloomberg. ♪ ♪ this is bloomberg markets.ime to look at stocks. weight watchers shares are among the best performance in the russell 2000. apologize for laughing. julie: i think you have the right idea. huge growth. you are talking about maybe they need to change their name. a kind of sounds antiquated. pachulia, your idea -- but, julia, your idea. the revenue goal is not surprising. oprah did speak at the event. let's hop into the bloomberg. this is really extraordinary. i am not so familiar with the weight watchers story. but from a stocks standpoint, look at this. this is the all-time by back in 2012. down nearly 96% into 2015. now up almost 2000%. this is when oprah joined the board and saved the company. that is the oprah factor. pretty impressive. one thing is lots of competition out there. they are trying to reach men. they did sign on dj khaled. standpoint, take a look at the financial analysis. they are expected to post annual revenue growth for the first time. but 50%, literally off the charts. i believe opera can p

this is bloomberg. ♪ taylor: this is "bloomberg surveillance." bloomberg business flash. jay yg electronics heir lee is free to leave prison after he was detained in a bribery scandal. a high court put him on probation for four years. he was the highest profile businessman caught in a probe that brought down former president park geun-hye. broadcom is trying to force qualcomm to come to the bargaining table for what would be the biggest technology deal ever. the chipmaker plans to raise its takeover bid. qualcomm has dismissed an earlier broadcom offer as not being worth consideration. ryanair is making a surprise investor payout after caving into pilot demands for a union. the discount airline has launched a $935 million share buyback. ryanair is trying to reassure investors that it will stay europe's biggest low-cost carrier. that is your bloomberg business flash. francine: thank you so much. jay powell has been sworn in, is to be sworn in, as the chairman of the federal reserve today, succeeding janet yellen and inheriting an economy in the th

welcome to "bloomberg markets." julia: we are likely in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. equity and debt markets on pretty shaky ground. we will get insight and analysis from catherine keating, ceo of commonfund. feasting on debt -- bond traders digesting $250 billion-plus worth a treasury auctions over just three days. we will discuss. under the value at bhp, the world's largest miner come on digging up profits and battling asset management. the u.s. markets close in two hours. let's check with taylor riggs. taylor: you mentioned the shaky ground -- we are all over the place today. some of the averages with the dow and s&p are a little bit lower. the nasdaq is higher. nxp semiconductors is pushing tech stocks a little higher today. i want to focus on some of the weighing downe some of the major averages. i'm going to start with merck off almost 2%. federal judge tossed out the verdict that merck had previousl

this isa check bloomberg. ♪ mark: this is bloomberg markets. correction to some news earlier, we reported dell technology was exploring options of a public offering but those options did not include a cell to a third-party. that was incorrect. dell is exploring options but they do not include a sale or vm ware to a third party. etf's: time now for friday. >> if you thought it might take a break after the record breaking pace, think again. here to highlight some key takeaways, our senior etf analyst. obviously that is a big number. just because stocks were rallying? >> that is a big part of it. people assume this is an only u.s. rally. , it islook at the flows u.s., it is developed international, it is specific sectors. the money spring all over. that is the monthly passive flows. it is about 30% more from the record. i really thought there would be a break this year but part of the flows are people using selloffs or straight switching into the etf's, realizing some gains. it is not just people liking u.s. stocks, it is people wanting that. with

this is bloomberg. ♪ >> this is "bloomberg daybreak: asia."n new york. the fed sounding upbeat in the final fomc meeting, saying they see momentum, but the report included caution on wage gains. now, have an brown from ubs asset management, director of allocations. what did you make of the market reaction today? >> it was puzzling. i am not sure i agree with the markets reaction. i respect it. >> what do you think is behind it? jitters? confusion? >> there is some confusion on the fed's path. we did see long-term real yields rose, which is confusing given there was not much talk about the neutral rate or long-term growth, so that was interesting. inhink the market is pricing the possibility of a tighter fed think the but i do market reaction was more hawkish than deserved from the minutes i thought were fairly balanced. >> what do you think is priced into the market? >> in terms of hikes, almost three priced in for this year. anothert really have full hike priced in until the end of 2019, so that is where we could see the big change. is all th

this is bloomberg. ♪ ♪ yousef: this is bloomberg markets middle east.e live on bloomberg tv and radio. recap. read ca -- a mixed picture. arabia --at saudi and saudi arabia flat. egypt gaining as much as 1.3% off the back of the interest rate cut they came through after markets closed on thursday. let's get you a quick check on the latest business flash headlines. christine: noble group says it is confident every building its business in asia, despite losing 1.3 -- $1.93 billion. restructuring talks with stakeholders have been productive. that there are still some shareholders and bondholders that have criticized the deal announced last month restructure $3.5 billion worth of debt. plans for an initial public offering of its health division today. joe kaiser is likely to use the money generated to help acquire companies and use it to pay down debt. london's property market has moved out of its boom phase and is warning sellers to be more realistic about the price demands. in a new report, asking prices were down 1% from a year earlier in february and a

this is bloomberg, and "bloomberg technology" is next. ♪ emily: i'm emily chang and this is "bloombergechnology." coming up, amazon arrives at your front door after a $1 billion deal to buy a smart home tech company. the e-commerce giant's larger delivery strategy. widget for the sky and raising the stakes for disney and fox. the all-out bidding war erupting between the three big media players. activity for fitbit hits all-time low. shares tank post earnings. but first to our lead. amazon has agreed to buy a california-based smartphone company that makes video cameras, doorbells, and other tech. it is valued at about $1 billion and pushes amazon further in the smart home market. j.p. morgan chase advising on this deal. joining us now with more details is alex. it was not long ago that ring was booted off of "shark tank." alex: just five years ago. the ceo with on shark tank asking for $700,000, saying it to getued at $7 million it now fast-forward half a decade later, and they are worth $1 billion to amazon. a nice little ending here for ring. perhaps a look back to the sharks and say,

is "bloomberg best."ie hyman. let's continue our global tour. on wall street, a major bank announced plans that raised as many questions as it answered. >> j.p. morgan has named two people as copresidents, positioning them to succeed jamie dimon. they will take the role from jamie dimon, who says he plans to stay in the top job for about five more years. >> there is a running inside joke at jpmorgan that jamie dimon is always saying five more years, but here we have this clear step of promoting people to take over that role. >> these guys will jump in if something happens to jamie dimon, whatever in the next five years, these are the guys ready to take over today. that is very important. given their age, if you look at gordon smith, he is not that much younger than jamie dimon himself. he is almost at retirement age in five years, so that would kind of disqualify him. it is more likely that it comes down to two women, the cfo, and head of asset management. >> big news on the beverage front in a deal that

from bloomberg and around the world.tocks rise globally as the dollar declines and the benchmark of treasury yields retreat further below 2.9%. then we will get inside on mining from the ceo of newmark mining as it looks to expand margins. world congress underway, new talk about a major deal in the telecom industry with the ceo of gtt line one of europe's biggest cyber networks. let's have a look at where european equities are trading right now just under 30 minutes to the close of equity trading. we are largely in the green and seeing broad-based gains here. the cac 40 in france up 4/10 of a percent. the dax in the green as well. the ftse 100 up higher by 6/10 of a percent. italy's ftse underperforming slightly. it is pretty much flat. overall you are seeing a lot of green on the screen. assetshave a look across at how this is shaking out. a lot of green with the equity space. space, we were seeing dollar weakness earlier, but it has recouped some of those losses. what that means is that sterling is on the back foot hav

host: this is bloomberg. ♪ shery: this is "bloomberg best." i am shery ahn.'s continue our global tour of the week's top business stories, in new york where j.p. morgan chase announced plans to build a brand-new headquarters. >> j.p. morgan chase is getting a new address. the largest u.s. bank is planning to consolidate its new york city offices and 15,000 workers into a new headquarters on park avenue. the announcement came this morning in a joint statement between jamie dimon and the mayor bill de blasio. >> they are tearing down their current headquarters which was built in the 50's and 60's and was meant for a much smaller staff. and if so, they will build a sleek new modern tower that is about twice the size. so this will be about getting all of their people into one spot. right now, they have that building, they have the old bear stearns buildings, this is going to be a major project that they are going to tear down the building starting next year and it is going to be five years of construction. so if you are for j.p. morgan you will be spread out into

this is bloomberg though -- this is bloomberg.sation with weinberg and darda. down futures up 87. not much else going on. we move onto the next screen with a little bit of curve flattening and the vix under the long-term average. 30 year bond, 3.20% comes down to a large yield. that should be read on the screen. -- red on the screen. francine: i am looking at stocks in europe a little bit moving sideways. earlier on, they were a little bit lower, looking at what investors want to know, the outlook for central banks and whether it means they are normalizing policies. bonds in the euro region gaining with treasuries while the dollar studying after thursday -- steadying after thursday's drop. --: this is what bloomberg surveillance is about, we want to bring in two mines. -- two minds. let me bring in -- up a chart right now, the 30 year bond and the price. bigs way out, so it's got a move versus the two-year and a 10 year, but this is a pretty elegant chart. michael darda, does this scream higher yield to come? michael: not necessar

this is bloomberg. ♪ ♪ >> this is bloomberg daybreak.general dynamics has agreed to buy c sra. the price is explain $8 billion in cash. that represents a 32% premium. it general dynamics will assume $2.8 billion of debt. a has lined up one of the biggest debt commitment levers to fund -- broadcom has lined up one of its biggest debt commitment ever. agreed to buy 100 alien dollars of credit facilities affiliated with silver lake -- rejectm seems poised to the offer. a new deal will and sure airbus keeps producing its a 380 server -- superjumbo. they signed a contract for another 20 of the double-decker planes. last month, airbus said the program could be terminated if there wasn't a new deal soon. that is your bloomberg business flash. david: still with us our peter borish, quad group chief investment strategist, and paul mortimer-lee. we want to talk about the ego data coming up, starting wednesday with cpi data in the united states and retail data and thursday we get jobless production,strial manufacturing and friday we have u.s. housi

this is bloomberg. ♪ ♪ shery: this is bloomberg markets. i am shery ahn.am vonnie quinn. -- life and casualty insurance, the allianz ceo spoke to bloomberg. >> we are in the process of completing a buyback, we did 3 billion and buybacks in 2017 and doing 2 billion and buybacks. we will evaluate options and we will look at what is the best way to deploy the capital we have the -- we have. we have capital to deploy and if we can deploy it at about the cost of capital, we will do so. if we cannot do it at the cost, we will go back to buybacks as a mean to give returns to shareholders. >> a lot of people who watch the show tend to see the other part of your business more front and center, pimco. at the end of the quarter, we saw quite a big influx into the pimco business, how is it done in terms of the last quarter of the year? go inn you look at him the last quarter -- pimco in the last quarter of 2017, 40 billion of inflows and looking at january, they had about 16 billion in u.s. dollars. the flows are very strong. specification between institutional and re

this is bloomberg. ♪ vonnie: race is "bloomberg markets." -- this is "bloomberg markets."nie quinn. mark: i am mark barton. from the runway to digital. changing the way fashion is tapped into the nearly $320,000 market for personal goods. planning an ipo. -- matches fashion chief executive officer, ulric jerome. know the name, gucci is among them. thank you very much for joining us today. how is business? ulric: it is good. the opportunity is massive. industries a big industry. 9% is done online. you can imagine the potential. 25% will bethinks done online by 2020 five. the growth is massive and we are extremely well positioned to benefit. mark: you want to be the number one luxury fashion commerce market in the world. how do you achieve that? close to our customers and selling the story behind the brand. it is understanding how the customer behavior has shifted over the years. what the customer wants is to be inspired. we are a luxury platform where we create and have a strong fashion point of view. carry a strong andtion on the cite for men women. vonnie: one of the earl

this is bloomberg. ♪ ♪ welcome to bloomberg markets: european open.guy johnson. -- i'm an edwards in for guy in for -- anna edwards guy johnson. the castrate is 30 minutes away. this is bloomberg. -- the cash trade is 30 minutes away every -- 30 minutes away. this is bloomberg. ♪ can he turn around europe's largest investment bank? u.s. trade secretary liam fox tells bloomberg

this is bloomberg. ♪ is "bloomberg surveillance."the italian high-speed train operator expected to sweeten a takeover. the new year 2 billion euro takes the place of an ipo. it serves more than a dozen italian cities. lester cared more than 13 million passengers. we're pleased to be joined by it'll oh --ezemolo, italo chairman. much for joining us. first of all, are you relieved he did not have to go to an ipo? markets have been pretty volatile. i think we're having a little bit of audio issues. only talk about ferrari, but this kind of new bid and whether this is the right buy to be in the markets. you look at a lot of market disciplines. ipo, trying to figure out if it is an international listing. if you're going to the elections, you wonder if there's too much volatility on the markets there today. election, itrd the is industrial north versus a different south than even the middle part of the country as well. what i have noticed, francine, just in the last week or even number of days, mr. berlusconi with a little more visibility.