this is bloomberg. ♪ this is bloomberg. ♪ matt: welcome back to bloomberg markets.is the european open, 16 minutes away from the start of cash equity trading.let's look at futures . you see a mixed future, just like yesterday, although it's the opposite. we have ftse futures gaining and continental features down. not huge moves, but it does look like a mixed start at the open. let's get the bloomberg business flash with olivia hows. olivia: kraft heinz is seeking an extended trading. it missed profit estimates and it received a subpoena from the sec tied to accounting policies. at announced a write-down on assets, including some of its most well-known brands. hathaway cut value by $2.8 billion. ford revealed its omissions testing could be flawed. the company said workers raise concerns in september and had an outside firm conduct an investigation. they managed to keep shareholders relatively calm. the u.s. environmental protection agency signaled the company stepped forward voluntarily. rrick gold studied mining. they are looking to boost production. were close to a

that your bloomberg business 5 --. -- bloomberg business flash.mberg understands it expects the u.k. to ask for a three-month extension. that's if theresa may gets her deal through the house of commons and is signed off at the eu summit at the end of march. the so-called technical extension would give the british parliament enough time to pass brexit laws, but avoid the need to take part in elections. also with us is paul dobson, managing editor for markets. esther, you first on cable. getting that now we're possibility of what the markets have been pricing for recently. yeah, i mean these headlines about technical extensions, those aren't really new. what we are seeing is that it is quite calm. what's more interesting in cable is definitely the opportunity at because everybody is waiting for a clear indication. nejra: paul, let me bring you in. i've got a chart of two month cable volatility. it did spike in december. it's come off a little, but not back down to the historical average. paul: it's interesting. looking at the various volatility this

this is bloomberg. s is bloomberg.ile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars. do you guys sell, other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. get $250 back when you pre-order a new samsung galaxy. click, call, or visit a store today. >> president trump says he will extend the trade markets surge. down to the wire. theresant will vote on may's brexit deal. in the future of 5g. but will the controversy surrounding quality mean. good morning everyone. welcome to bloomberg surveillance. these are your markets.

this is bloomberg. ♪ ♪ this is bloomberg surveillance.presidents' day. happy presidents' day for the american viewers and listeners. let's start off with commodities and crude oil, rallying since november. a south african producer -- doubling thanks to surging prices. sector watchers will look aninsight for iron after incident. is at blackrock. erik with us as well. evy, welcome. when you look at commodities in 2019, what is your favorite? >> that is a great question. we love the news recently with -- regardsimpacting on impacting commodity prices. of axpectation is one consistent approach from companies able to return from the margins. commodity prices look good. 2018, average prices were higher than 2017. the year, as a whole, was tainted by the two forths selloff. if it had not been for that, the sentiment would be more positive than it feels. the result they have coming up will set the tone for the year. francine: when you look at the valley dam incident -- evy: it impacts the supply of certain components of iron ore. it is a high-gra

bloomberg first word news -- this is bloomberg first word news. will have a signed an agreement with xi jinping. he told reporters he is close to getting an agreement, but at the same time he said there's also a chance it will not happen. the president has delayed the deadline to increase tariffs on to it billion dollars worth of chinese goods. in nigeria, supporters of the president and his main challenger claimed early successes in the general election, results are coming out today. the vote was marred by delays, technical glitches and violence. four years ago the president became the first opposition candidate ever elected to the presidency. thousands more civilians are fleeing syria, evacuating from the territory held by islamic state. the standoff continues between the militants and the u.s. backed forces besieging them, and estimated 300 militants are in a small village near the iraqi border, trapped by the euphrates river and to the u.s. backed syrian democratic forces.

nejra: this is bloomberg. ♪ nejra: this is "bloomberg best."ings this week, italy's beat on fourth-quarter profit and delivered on dividends, while france's socgen saw trading revenue plummet, is that it would cut costs by 500 million euros. bloomberg spoke exclusively with the chief executive of both lenders this week about europe's larger economic picture. let's start with carla mussina, who told me that while italy is technically in recession, he's optimistic about the year ahead. >> we have in italy a slow down in the real economy for sure, but i think in the second part of the year, we can have a clear recovery due to internal demand acceleration, because the measures from the government will bring momentum into and internal demand, giving money to people in accounts and will increase consumption. we can have a recovery in the second part of the year. nejra: you seem to think that the government will be part of a pickup in the italian economy, but how long can the government last? could we have early elections? >> it is difficult for italy

from new york, this is bloomberg. ♪ isa: -- ritika: this "bloomberg markets."he financial regulator has timber early band hast-term sales -- temporarily banned short-term since a wire card "financial times" report alleging fraud. ,.s. hedge fund taiga global according to "the financial times," has sold its 2.5% stake in barclays. it has been one of these druggist supporters of the plan to revise barclays investment bank. that is your bloomberg business flash. leaders from around the world gathered for the annual munich security conference. bloomberg's matt miller spoke to germany's defense minister. take a listen. >> we came quite a long way since whales. we have -- since wales. we have increased our budget by 36%, which is a lot, and we will reach 1.5% in 2024, the decade after wales. this will be a rise in the budget by 80%, but we know to which the 2% goal -- to reach goal, we have to reach it by 2024. this 2% is our will to invest more in our armed forces, and they need it. inre has been a long period europe with decreasing defense budgets because we though

this is bloomberg. ♪ is bloomberg. ♪ this isn't just any moving day.ing day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. ♪ is bloomberg technology global link where we joined bloomberg daybreak: australia to bring you the latest global tech news. i'm emily chang with haidi stroud-watts and shery ahn in hanoi at the sight of the summit between president trump and kim jong-un. shery, what are you following? startedet's get you with the u.s. cyber command saying it thwarted a russian attempt to interfere in the midterm elections. it disrupted internet access for russia's internet agency. it is the first of its kind and aimed at preventing interference with u.s

this is bloomberg. vonnie: welcome to bloomberg markets. ♪ from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. optimism in washington. u.s. stocks rising on signs of a deal to avert a partial government shutdown. aboutar from a columnist the chances for the next u.s. recession. why retail can offer advice to media giants. .et's get to markets taylor riggs is with us. >> a lot of positive commentary coming out of washington, exactly what the market was looking for on the trade deadline and the wall. the president is not thrilled but not totally against the border funding that is coming in lower than expected. it's not a no, so that market is getting what they want to hear. one thing i really wanted to highlight is the broad-based gains we are seeing. arerials and financials leading the way on sentiments from jay powell and comments from mississippi. positive comments from central bankers on the monetary and fiscal side, whic

it is time for the bloomberg/. -- it is time for a look at the bloomberg business flash.tter is helping to keep russians from meddling in the next election and publish more adds.ation about danske bank is -- has been kicked out because of the money laundering scheme. designer karl lagerfeld has died. he was the long-term artistic director at chanel and dressed many celebrities. the designer turned out collections for fendi and his own label. he was 85 years old and had reportedly been ill for several weeks. that is your latest bloomberg business flash. guy: vonnie, remember the function of dtv go. you can put them into a presentation and save them as well. go. this is bloomberg. ♪ s bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. -- and ind in uric new york, i'm vonnie quinn. let's check the u.s. markets. for a little direction that we were looking for a little direction. the s&p 500 is little changed. there is lots of stories, including centurylink come up more than 4% and a blowout earnings quarter for walmart. that is not enough to move the s&p's needle. other c

welcome to "bloomberg markets." vonnie: traders awaiting fed minutes, but we do have big earnings movers, including cvs health. that is plummeting, one of the lacquers in s&p 500 -- the laggers in the s&p 500. southwest airlines down 5.3%. china's currency strengthening a little bit today. i thought i would throw in the s&p 500. doesn't look like there's much happening, but there is. guy: a similar situation here in europe. basically, mixed markets aren't going anywhere in a hurry. trading at session highs on the stoxx 600, also going through its 200 day moving average. from a technical point of view that is quite significant. nevertheless, probably waiting for the fed minutes later on. 7:00 p.m. in london, 2:00 for you. a lot of the action is below the surface in individual stocks. stick a look at some of the movers we are watching closely in europe. a range of factors affecting these companies. ubs stock under pressure from a significant fine in the fridge courts. swedbank nowt -- being linked to the danske bank s

bloomberg terminal.e anchored by tom mackenzie and yvonne man and david ingles. it will bring you all the market moves as they happen, sharp analysis of the economic and policy aspects that matter. we will be speaking with big names, u.s. china business council, china asset management, and a china chairman. that is weekdays from 8:00 p.m. new york time, 1:00 a.m. london time 9:00 a.m. hong kong on bloomberg television. now, as we come to the end of another week, the clock continues to tick toward march 29, when britain is scheduled to leave the eu under the terms of article 50. it is unclear what kind of brexit the uk's heading towards. so, how can investors play sterling? here is what we have been hearing. >> as brexit uncertainty continues to swirl, some analysts are trying to forecast events that many of their peers have said is untradable. naraj patel says that in the event of the shift toward a softer brexit, he'll strength in -- cable will strength between 1.38 and 1.40, and that a hard brexit coul

this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." are 50 minutes from the start of trading across the continent and the u.k. i am here in munich advocacy or conference.rity the u.s. and china could be set for another showdown at the security conference. huaweiton's treatment of will be in focus. the issue of burden sharing in the funding of nato will be a big discussion, as well as the discussion of the europeans protecting himself in some way, and their power position on the international stage. -- thank you for your time this morning. i have jazz on my mind. matt: let me ask what your take is on the huawei showdown. what do you expect between the u.s. delegation, and the big one in munich since the congress began in 1969, and the germans who need some of this technology. >> we saw members of congress and the vice president coming, there will be a full-court press on this question, building networks and europe. is the issue, the americans think this is a security threat. toy will be pressing hard keep the germans from going in that

is bloomberg best.m emma chandra. earnings season tim rolling on. let's roll through some of the most interesting key reports starting with results from europe's largest bank hsbc. lower.ing the stoxx 600 these are earnings from hsbc. key markets over china and the u.k., maybe the prognosis of 2019 for less predictable. >> we continue to be cautious until we see how the revenue environment plays out. it is volatile revenue outlook as we look at the year. >> the nasty fourth-quarter that took the stuffing out of it. a lot of banks in its field. we expected more growth. they tried to shrink the upbeat note in the call. ratesited higher interest raising lending revenue in certain markets. they said the first six weeks of the year had been promising in global markets and the investment banking business, so they are trying to raise expectations. bhp coming up a little short in 2019. they miss earnings's slightly. australia had trading derailment problems like copper mining. were a little lighter than expecte

too.ro thinks, this is bloomberg. too. this is bloomberg. . >> i'm mark crumpton with bloomberg.ned ump legislation to avoid another government shutdown and pay for fencing along the u.s. mexican border. it gives the president 55 of board miles fencing, well short of the 200 plus miles he wanted. of measure also keeps part the government from shutting own at midnight, by providing $333 billion to finance several cabinet agencies through september. verbal sparring between president trump and the white house press corps. his time the disagreement was over the statistics he used to say he needed to use emergency the united otect states from drug dealers and illegal immigrants. > i get my numbers from a lot of sources. like homeland security. primarily. and the numbers that i have from homeland security are a disaster. and, you know what else is a disaster? the numbers that come out of homeland security, the cost that and the money that we lose because of illegal immigration. said the sident also board wall would be needed to battle drug cartels as part of as a virtual bed invasion f

this is bloomberg. ♪ nejra: this is "bloomberg surveillance."et the bloomberg business flash now. viviana: google parent alphabet slid in late trading. the company reported thinner profit margins and higher spending. fourth-quarter capital expenditure jumped 80%. off of that is heavily reliant on its ad business as it develops new offering. youtube less profitable than the original google search service. >> the key factors were acquisition cost, primarily for advertising supported content and what is a seasonably strong quarter for you to, but also for our newer subscription services, youtube premium and youtube tv. viviana: the cryptocurrency world has a new problem, an exchange with assets locked away because of the death of its chief executive. $105 million cannot be retrieved because of lost access. he was famously assessed with security.his what sss passwords can be found . -- his wife says his passwords can't be found. that is the bloomberg business flash. nejra: thank you. bp has given investors a positive surprise by exceeding profit est

welcome to "bloomberg markets." vonnie: following economic data this morning that was mixed, we are getting home sales coming in just shy of estimates in january. month over month down 1.2%. the market looking for a positive 2% number. january analysts are looking for up .1%. business investment and philly fed index numbers, but employment data didn't disappoint. we will be discussing all of that in a moment. let's get to the markets. the s&p 500 down about 4/10 of 1%. the dow and the nasdaq also down about 1/3 to 4/10 of 1%. makes lithium and other, calls. it said -- and other chemicals. it said they didn't see any macro headwinds. caterpillar up 6%. well.ock up 1.5% as to h&r blockill go this year given the tax overhauls. revenues have been down year-over-year. dragging the s&p 500 lower is the oil and gas equipment index, including baker hughes and others. s&p is the worst performer there. definitely a risk on mentality taking place in the markets right now. the stoxx 600 is down, the ftse 100 underperforming. it

nejra: this is bloomberg. ♪ nejra: this is bloomberg best. i'm nejra cehic.wound up of the interest -- roundup of the earnings report. we begin with a big miss. ♪ >> bnp paribas, brutal core of all -- quarter when it comes to their overall trading revenue, down 40%. their equity trading was abysmal, down 70%. >> if you look at our balance sheet, is very salad. -- very solid. of 3.5of that, dividend euros or share, paid in cash. it basically confirms we are well on track for our ambitions for 2020. >> clearly better and more realistic than they were. but everything we've seen so far have been to investment banking. we see those problems elsewhere, ubs or deutsche. they haven't cut the targets within the retail business and that could be the risk going forward. economic downgrades across europe. hikes they were hoping for has not come through. there will be more downgrades to come on that front. ♪ >> ing reported fourth-quarter underlying the tax profits of 1.6 9 billion euros, beating average estimates. they saw net interest income in the quarter of 3.5 7 mill

on ""bloomberg surveillance" this is bloomberg.

this is bloomberg. ♪ matt: welcome back to bloomberg markets.uropean open, 42 minutes into the trading day. not a lot of movement. .1%, as isftse up the ftse mib come along, a little over .2%. the dax is unchanged, and the cac is down. let's get the individual stock movers with annmarie hordern. annmarie: m&a monday comes to a 7%, theo deana down largest sara and -- shareholder rejected a bid. anna makes a great point, usually you would see them higher. but both companies under pressure. right air down, just shy of 4%. they reported more than 19 million euros of a net loss, also citing weaker affairs ahead. -- weaker fares ahead. in the stoxx 600 energy, one of the biggest gainers. we are seeing oil above $63 a barrel on brent. over the weekend, russia says it is cutting more than the minister estimated. there's a slowdown in production for shale. anna: thank you very much. not much movement as matt said, but fascinating individual stories.let's talk about m&a . a closer look at some of the deals driving these markets. joining us now is ruth dav

this is bloomberg. ♪ ♪ nejra: this is "bloomberg best." i'm nejra cehic.ustralia, where the royal commission wraps up a year-long inquiry into the nation's financial industry. on monday, the government responded to the findings. ♪ >> australia's big banks are in trouble, cracking down on wrongdoing and curbing the bonus cultures of decades of misconduct. the government says it will act on all recommendations in the royal commission report. >> it's a scathing assessment of conduct driven by greed. >> scathing, but in terms of going through the measures recommended, was it tough for the big banks? >> it was tough in some respects. the commissioner was very critical of regulators. in fact, he saved his sharpest criticism for them. the regulators often worth going far enough to go after lawbreakers. but the report was also pretty like in some respects. for example, when the interim report was released in september, they seemed to be very critical of the structure of banks, that you have this one-stop shop set up, where you can get financial advice and wealth m

this is bloomberg. ♪ welcome back to "bloomberg markets: european open."'s get around the newsroom and find out which stocks we are watching and there is a definite french flavor. annmarie is in paris. has total. a really shock and surprise drop in the fourth quarter. it is sending shockwaves around the agents the. if you want to know how shares are doing, look at how the u.s. ad agency did yesterday. thancon, i am gigi in more 4.5% after the numbers came out after the market closed. we have to keep a look at wpp for any over read. , what have you got? >> definitely a better day for today.-- pernault elliott, the activist shareholder, is circling. a lot of attention to what they say right now. but the results are good. analysts have been saying there is no margin leverage here. very briefly, one line on total? dani: it is a banner year for big oil. huge beat on profits. we will keep our eye on that one. anna: it has been a good season. thank you all so much. the heads up on those stocks. track us on the go. european equities points lower this morning. this

this is "bloomberg businessweek ." ♪ ♪ joe: -- carol: welcome back to "bloomberg's miss week." -- "bloombergsweek." still to come, we have the head of blackstone david blister. in speaking of blackstone, in there isestate issue, a piece on blackstone's real estate model. jason kelly and i spoke to the reporter. jason: you go back 11 years, right, and they have had -- >> you go back 11 years, and they have had real estate, but it was small. then they get presented with purchase a $39 billion deal. it doubles, more than doubles the size of their portfolio. i think almost immediately after , the signs are flashing big-time. they make up a ton after the financial crisis. billion. it has become a winner so much that everyone wants to do the blackstone model. jason: it's pretty amazing. it certainly was the pivotal year. i remember it well. 2007. on gray, the architect of all of this, sees everything happening and he is literally selling while he is buying and offloading -- reporter: it could have been a disaster. jason: and he follows that up by buying at the peak and again come up for years that

this is bloomberg. ♪ ♪ nejra: bloomberg daybreak: europe.get the first word news with olivia howard. olivia: president trump deliver the state of the union, calling for bipartisanship on his terms. he announced the second summit with kim jong-un and said the u.s. economy is the hottest the world. economic trump: an miracles taking place in the united states, and the only thing that can stop it are foolish wars, politics, or ridiculous partisan investigations. if i had not been elected president of the united states, we would right now, in my opinion, be in a major war with north korea. much work remains to be done, but my relationship with kim jong-un is a good one. nd irman cam and i -- kim a will meet on february 27 and vietnam. -- in vietnam. >> good evening, my fellow americans. i'm honored to join the conversation about the state of our union. growing up, my family went back and forth between lower middle-class and working class. yet, even when they came home weary, my family found a way to show was all we could be. my library and mothe

we discuss, this is bloomberg. ♪ nejra: this is "bloomberg: surveillance."'s get the business flash. >> for revealing omissions theyng could be flawed, have since hired an outside firm kolkata conduct an investigation -- to help conduct an investigation. regulators are pleased they are taking proactive measures heard the world's second largest gold producer is looking for ways to boost production. bloomberg has learned that the company has been looking at a possibility for a tie up with newmont. they were close to a merger before talks broke down over terms of the deal. shares drop as the model three lost a coveted recommendation from consumer art -- report. it cited owners complaining about issues including loosefitting exterior parts and effective glass. it fell to number 19, down 11 spots from last year. that is the bloomberg business flash, nejra. nejra: thank you, that he on a -- viviana. some are suggesting that the premise will ask the e.u. for an extension, but it is not signed off until an eu summit. may has rejected the idea of an extension, though

this is bloomberg. ♪ manus: it's "bloomberg daybreak: europe."nus cranny at our headquarters in dubai. nejra: i am nejra cehic in london. let's turn to a computer services provider. it has confirmed is 2019 targets lineroposed a dividend in with its payout ratio of between 25% and 30% of net group income. joining us now from paris is the cfo of atos. great to have you on the program. the market will no doubt be paying attention to you reaffirmed your target -- reaffirming your targets. you said late last month that you are giving investors shares in your listed payments unit world line. this paves the way for more deals at both businesses. what kind of targets are you looking for in terms of acquisitions? yes, thank you and good morning. indeed, we announced at the end of last month our project that will be submitted at the end of april to our shareholders to distribute 23% of our shares payment.listed create twoll players. one in payment and one in digital services, which is the new atos, and that is a very important move that will allow, on bot

this is bloomberg. ♪ 9. this is bloomberg. ♪ tom: bloomberg surveillance.ing. spring training in florida, getting us in the spring mood as well. we are in the mood for a single bus charter and we will delicately moved to this because greg really does not want to talk individual securities. which we do in the single best chart to upset the general counsel at bmp. all you need to know is newmont and barrick, in black step, here is new pot -- newmont, relatively plus. the change -- train wreck known as barrett for the last three years. it is going back a solid 10 years as well. greg, the headline today is synergy. you are an equity guy. i want you to explain what to come of thise newmont barrett, everybody says immediately we will do synergies. how predictable are synergies? >> one of the things we need to think about is generic markets, we see high-margin levels. margins are one of the key risks we see going forward. the ability to cut costs when you already have very elevated margins is much more difficult. --: i don't want you to come comment on a mining tr

bloomberg. francine. francine: the ticket off with the latest in washington. president trump plans to sign a spending bill averted a shutdown. write aso planning to national emergency to get the money for his wall. i have just had an opportunity to speak with president trump, and i would say to my colleagues as indicated, he is prepared to sign the bill. he will also be issuing a national emergency declaration at the same time. i have indicated to him that i'm going to prepare and support the national emergency declaration. the move risks provoking a lengthy legal battle. joining us is our senior international editor jodi schneider. why is president trump willing to sign the spending bill even though it contains far less than he wanted? the spending bill is all about trying to avoid another government shutdown, of course, there was a 35 day shutdown in january that ended at the very end of the month and they only have a few weeks to try to come up with something. so this is what they came up wit

this is bloomberg. ♪ this is bloomberg. ♪ emily: i'm emily chang in san francisco and this is "bloomberg hour,n the while bitcoin has fallen off of the radar for many market watchers, demand is ticking up. we will tell you why. plus, walmart reports his best colder -- holiday quarter in a decade. we will check in on the health of the retailer and the outlook for slip cart. youtub

this is bloomberg. ♪ carol: welcome to "bloomberg businessweek." i'm carol massar.ason kelly. we are here at bloomberg headquarters in new york. carol: this week, what rupert murdoch plans to do after they sell out to disney. jason: plans to create the world's largest home living operation the world has ever seen.

this is "bloomberg businessweek." carol: welcome back to "bloomberg businessweek." i'm carol massar. join jason kelly and me on bloomberg radio. check up on our daily show on our podcast at itunes, soundcloud, and bloomberg.com. you can find us online at businessweek.com and our mobile app. "bloomberg businessweek" was in charlotte north carolina for the nba all-stars technology summit and one of the most influential names there sat with us to talk about the many hats he wears. the chairman and ceo of monumental sports and entertainment, owner of the washington wizards, and owner of the capital one arena in downtown washington, d.c. he started by talking to us about the explosion of e-sports. >> the nba is a platform that is no different than google or amazon. we have a corporate structure of the league, multiple apps, nba, wnba, nba 2k, summer league, and our data that we generate is deeper, more real-time than anything you cover at bloomberg in business and industry, some -- industry, so just as your company grew as a platform. it started from a small group and is

this is bloomberg. oomberg. nejra: this is "bloomberg daybreak: europe."am nejra cehic in london. let's get a check on markets around the world. a little bit of a quiet session in asia, a lot of markets closed for the lunar new year. indian markets have been trading flat. are investors waiting on the sidelines? morning. you could say that they may be waiting on the sidelines. maybe that is the most crucial point to monitor. the markets have opened flat and stayed flat. what the markets have done in the year-to-date performance is something that brings back memories of 2018, the benchmark indices and the principal indices have stayed flat. the broader markets have corrected there a steep, and the chart shows you how in the 20 trading sessions thus far, the mid-cap and small-cap are about 6.5%. if you look at the benchmark index, that is not a side anyone wants to see. that is something i am keenly watching. portfolios -- portfolios are bleeding. you have a way with words. i have been excited by this. 2%, this has to do with financials lifting up the main be

time to tv on your bloomberg terminal. bloomberg terminal. bloomberg terminal.iness built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ slide.it president trump signals he could extend his deadline for more tariffs as they are close to a trade. santander skips a call option, giving investors a reminder there could be a downside to yields. and come a theresa may's top brexit agent overheard saying the prime minister will wait until the last moment before putting her deal before parliament. ♪ >> good morning, everyone. this is "bloomberg surveillance." i am francine lacqua here in

thanks for watching "bloomberg best." this is bloomberg. ♪ ♪ emily: this is "bloomberg technology."riff truce with china and take steps to sell the deal to lawmakers. uber's losses continue through the fourth quarter of last year. sales are slowing. what does this mean? and bezos fails on new york. the fallout from amazon scrappi

bloomberg. ♪ viviana: this is "bloomberg surveillance." let's get the bloomberg business flash.scoop about the relationship. between president trump and deutsche bank the gentleman lender was so concerned mr. trump might default on 340 million dollars worth while in office, they went to restructure them. the plaintiff decided not to do any new business with him. a british bank is betting it can weather the brexit storm with a 3.2 billion share buyback. biggest business -- lender reporting profits roughly a month estimate. the are warning the outlook for the british economy remains unclear. swedbank remains the newest nordic lender to be accused of laundering money. it is at the center of europe's biggest money laundering scandal. swedbank says it has reported the transactions to police. that is the bloomberg business flash. tom: i believe she said suspicious transfers of $4 billion? very good. thank you so much. let me show a chart before we go erro.dreas and mr. h i showed this last week, the european banks are together, the european banks are together. in 2012, they are not. d

this is bloomberg. ♪ >> this is bloomberg surveillance.johnson with airbus. airbus boeing the plug on its slow selling a380 superjumbo after just 12 years in service. they will see deliveries of the double-decker jet in 2021. we spoke with guillaume faury the president of airbus commercial aircraft and the next ceo. >> the decision made by emirates , theduce their order ambition with 123 a380s flying as a flagship of emirates. we have to look at the facts as they are. there is not enough prediction to sustain the program beyond 21. >> we are joined by chris jasper. of one billion euros and they got rid of the a3 80. does this give a clean slate for the chief executive? >> it certainly does to a point. the outgoing ceo has taken a hit for the team here. he leaves in april. we expected him to have to face a380 aslling off the one of his first act so he is a to see that out of the way. they've written down the cost of other programs including one other point. he has challenges ahead. he will be the one who inherits the question of what to do

this is bloomberg -- shares are falling. this is bloomberg. ♪ ♪ this is bloomberg "surveillance."to the bloomberg business flash with kailey leinz. taken an 83an has now in dollar related to the pay of carlos ghosn. the amount could change depending on how the investigation proceeds. japan's third-largest automaker is trying to get past the scandal but it earnings are overshadowed by problems with h french partner. results last week may provide some brief expense. the company grow at the past is -- fest pace since 2012. the ceo is open to talking with investors. >> i am open to dialogue, including with elliott. we have had active dialogue over the last few months, it but governance is something that has been improving and will keep on improving. governance improvement is an less process, to be fair -- endless process, to be fair. governments will keep evolving. kailey: reddit users are not happy with one new investor. tencent invested $300 million. reddit to depict images banned by sensors in beijing. the site has an outgo -- outspoken and sometimes controversial community. activi

on your bloomberg.o the bloomberg first word news. toley: theresa may heads brussels today hoping to restart brexit and win concessions on europe -- from europe. but with a deal looking unlikely, sources say the next brexit vote could be delayed, as opposition leader jeremy corbyn issued five brexit demands to the prime minister, including a customs union, clarity on security corporatio cooperationd commitments to e.u. agencies. officials are likely to hold the benchmark rate at 0.75% at their meeting today, but the focus will be on governor mark carney's news conference and the bank's forecast, even if it becomes obsolete by the end of march. and stay with bloomberg for coverage of the bank of england decision, followed by mark carney's press conference half an hour later at 12:30 p.m. london time. global news 24 hours a day, on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. nejra: desley humphrey in dubai. thank you. let's get

this is bloomberg. ♪ ♪ this is bloomberg "surveillance."oon as next week. target any will valuation of $20 billion to $25 billion. that could start shares in a roadshow on march 18. angle american is the only giant miner not buying back shares. now they are reconsidering it. we spoke with the ceo. >> we discussed the options with the board. the net debt range we targeted six, anden three and we are at 2.8. we had the mitsubishi payment of $600 million for the 14%, so on a pro forma basis we are at 3.4. we think there is another step required in the process but it is obviously a very active conversation. viviana: in u.s. college basketball, a bad night for one of the best layers and for nike. zion williams sprains his right knee after his nike sneaker blowout. williamson -- williams leaving .he game and duke losing nike says they are trying to identify the problem. ouch. that is their bloomberg business flash. i think he should probably shut it down for the rest of the season and go straight to the nba. tom: that is the first thing i thought

this is bloomberg. ♪ >> this is "bloomberg daybreak."he next china team leader. ♪ this is bloomberg daybreak. otago.viana before signing a lease for the building, the developer rebuilt lower manhattan after the 9/11 terror attacks. it started on the foundation that did not continue without finding a company to anchor the space. on tower wise to begin to now since it will not be completed for at least two years. a $200ck has attracted million investment from blackstone. start trading to in june. qantas says record-breaking threat flights from sydney to london are reaching closer to reality. they hope to launch the service in 2022. boeing and airbus are preparing proposals for longer-range plans to make the trip. the london flight would top singapore airlines flight to new york by about 1000 miles. alix: we turn to wall street beat. first up, we talked about that blackstone blackrock rival started by michael phelps attracted a $200 million investment from blackstone. they banks in the u.s. and the u.k. are at a crossroads as the u.k. prepa

this is "bloomberg best."our weekly review of the most important business news analysis and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. tensions between parties in the u.k. parliament have been rising as the deadline for brexit approaches. on monday tensions within the labour party came dramatically to the surface. >> seven members of parliament have quit the u.k. labour party. they will sit as independent -- as independents after leaving over issues including brexit and anti-semitism. >> in all conscience, we can no longer knock on doors and support a government led by jeremy corbyn. >> could this be a beginning of a split of a labour party? >> we have heard rumors about a split of labor happening for a while. they disagree not only on brexit on a range of issues. you heard the talking this morning, it is around things like our relationship with nato and the response to the russia situation. all the things they have disagreed with. they are r

this is bloomberg. ♪ kailey: this is "bloomberg surveillance."and sprint are in capitol hill today to defend their merger. they are likely to face a skeptical audience. critics argue the deal will hurt competition and lead to higher prices for wireless service. activision is planning to cut 8% of its staff. the videogame maker delivered a disappointing sales forecast. and also reported revenue of $2.8 billion, missing the $3 billion projected by analysts. abm amro has been hit by an increase in bad loans. part of the issue was write-downs on corporate loans and areas such as offshore energy, diamonds and commercial banking. the bank is making progress on its cost to income ratio. >> we are making no commitments regarding dividends for 2019. it is extremely early. we are well placed to consider additional distributions for 2019, and we will make decisions for the dividend at the end of the year. kailey: that is the bloomberg business flash. francine: santander has reminded investors that to see bonds can come with nasty surprises. they said it wil

this is bloomberg. ♪ this is bloomberg. ♪ >> you are watching daybreak asia. joins me now. hanoi to new york. ray to have you. you are both at the singapore summit. you are here now and hanoi. aside from the weather being rainy and wet, it seems to be a pretty different environment. kevin: it is. when you look at just how kim jong-un arrived here, shows up at that hotel right behind that lake behind us, and the white he says is corps -- do not like the arrangements of this. he goes to the vietnamese embassy. is white house press pool you need to get new room. the u.s. delegation sided with kim jong-un because he did not want to be in a hotel where these folks were. i mean, it is so different than what we saw in singapore, which is so much more tightly controlled. shery: we really have only seen the announcement of the stomach o -- summit a few weeks ago. they did not have much time to make the preparations. kou have been trying to stal kim jong-un overnight. how did that go? >> stalking him is always fun. it is always very high security and you can tell by the

this is bloomberg mark -- this is "bloomberg markets."t more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." caught lessnomy than expected in the fourth quarter, business investment better than expected, but off to a difficult first quarter. michael mckee is standing by with a key insight. michael: we are here with the director of the congressional budget office, which is in theory a nonpartisan organization that gives advice to congress on economic and budget matters. a little more

this is bloomberg. ♪ viviana: this is "bloomberg surveillance."are falling in premarket trading. the world's largest e-commerce company gave a lukewarm first order sales forecast that has raised concerns about rising costs and a murky outlook for amazon's business in india. apple is flexing its muscles as the operator of the most lucrative u.s. app store. they reportedly pulled important app tools from google after deciding the company broke rules. apple did the same thing to facebook after discovering it was using app development to collect user data. honda reported third-quarter earnings that missed estimates. profits fell 40%. honda says weaker sales outside of japan are hurting growth. that is the bloomberg business flash. francine: thank you so much. pressure is nothing on deutsche bank as revenue contracted for an eighth straight quarter. top executives believe they may not be able to avoid a radical solution, such as a merger with commerzbank them as they can show improvement this quarter. bloomberg's matt miller spoke with the group' chief

bloomberg. vonnie: it is 1:00 p.m. in new york, 6:00 p.m. in london and 2:00 a.m. in hong kong. welcome to bloomberg markets. i am vonnie quinn. from bloomberg world headquarters in new york, here at the top stories from around the world and on the bloomberg we are following. prescription. the fed chair says the u.s. economy will face conflicting signals. from elon fallouts musk's latest troubles. and prime time. i will speak with the discovery cfo gunnar wiedenfels on the company's quarters earnings this half hour. let's get to abigail doolittle. we are halfway into the trading day and a lot is going on. not too much going on with major indices. abigail: small moves on this tuesday for the major averages. on the downside now, moving between gains and losses. investors wanting more info on trade. we have fed chair jay powell and tomorrow,ay and not a lot new coming out of those comments as you can see by the stock market being flat, but we do have their russell 2000 down half a percent, and rela

coming up on bloomberg markets, -- this isfellow for bloomberg. ♪ francine: this is bloomberg surveillances accusing the national enquirer of extortion and blackmail. he said they tried to blackmail them with embarrassing photos of -- him and a woman who is not his wife. let's get straight to our reporter who is been following jeff bezos for quite some time. what is the issue in the fight between him and american media? basically, it's the world's richest man who is up against america's most prolific publishers of exposes. postwe are seeing from his is the inside of these back-and-forth between american media and some of its subjects. the bigger picture is this is a proxy fight between the world's richest man and donald trump. media -- american orit's not like bloomberg the new york times. what they are saying is it's a quid pro quo. it's an unusual exchange. it's not like normal journalism. tom: there is a difference in law here. on suing and journalism in the united kingdom and the united states, does he have legal ground in the united states to take actions against the national inquirer