this is bloomberg. ♪ >> this is "bloomberg daybreak: americas." is is your bloomberg business flash. more items have been ordered on amazon ever than before. millions started prime membership spirits sales of amazon devices are up significantly. more than one billion items shipped for free with prime. chinese authorities are planning to help banks replenish capital and continue with their crackdown on financial risk without hurting credit growth. loans ande in bad slumping share prices is making it harder for banks to raise money. china hope stronger buffers will cause banks to increase lending. the nikkei 225 below 20,000 as it slipped into a bear market. the 5% tumble on tuesday was the worst single day in more than two years. the index is down 21%. that is your bloomberg business flash. president trump growing frustrated with steven mnuchin, according to reporting over the weekend. the president talked to reporters yesterday and tried to voice support. are raising rates to fast because they think the economy is so good, but the fact the economy

n industry. >> this is bloomberg daybreak. ng up in the next hour, credit suisse cohead for american echo the capital. this is bloomberg. this is bloomberg daybreak. long-awaited merger in the chemical industry is in the works. chem andp and -- sinochem arvinmeritor talks. -- are in merger talks. a settlement of a long-running dispute. they say they infringe on qualcomm's data. there are cases in germany and the u.s. trade commission. apple has stopped using qualcomm chips. cameron winklevoss are trying to woo individuals to a that allows users to buy bitcoins on their exchange. your bloomberg business flash. alix: let's turn to wall street be. -- beat. madoff hedge fund impact. it has been 10 years since he was arrested for fraud. the $100 million wedding. richest man is scheduled to marry his daughter. he will not miss the money. off, it turns out the hedge fund industry has changed. >> in one way it is the fund of funds that has seen the most change. our colleague writes about how fund of funds got a lot of story.y after the

that does it for bloomberg daybreak: americas. i am joined by andrew less than what he thinks of facebook and twitter. this is bloomberg. ♪ ♪ >> from new york city, i'm alix steel. the countdown to "the open," starts now. alix: coming up, rally interrupted. futures melting following the biggest one-day search for stocks since 2009. new trade talks, a u.s. team preparing a travel to china, the first face-to-face meeting after a 90 day truce. and social outcasts. shredded in market cap since august. in the markets, remember the monster rally yesterday? that is not the case today. s&p futures down 1.5%. moving to safety is the theme. euro-dollar up 4/10 of 1%. yields down five basis points. seven year off coming at 1 p.m. today. crude continuing to rollover, unable to find a bottom.

paul: welcome to "bloomberg daybreak: australia." i am paul allen in sydney. shery: i'm shery ahn and bloomberg's headquarters in new york. >> we are counting down to the major market open. paul: here the top stories we are covering. oil slips after opec and allies --er plans to president trump is saying china is sending strong signals about a trade deal but it is unclear on what was agreed last week. -- r.b.i. shery: your stock and bond markets were closed today. this national day of mourning and remembrance for former president george h.w. bush. we got u.s. equities trading higher in the morning session. we will get them again trading in about an hour. energy futures were trading 1%.wti slipped to 6/10 of we have become a terry coming out of the opec plus meeting. not the concrete deal on more production cuts, really no specific numbers out of that. we did get the british pound trading and fluctuating between gains and losses. we have seen more concerns over the brexit deal, prime minister may really having to be forced to publish their secret legal advice on

this is bloomberg. ♪ emma: this is bloomberg daybreak . loomberg markets, an exclusive interview with galaxy digital founder and ceo. now to your bloomberg business flash. shares of oracle are higher in premarket trading. a strong sales forecast signals a transition to cloud-based computing. revenue will increase up to 4% in the current quarter and expects higher growth through the second half of the fiscal year. there is a sign that banks are pushing ahead with preparations for a no deal brexit. and 16 other lenders recently tested moving interest rates from london to frankfurt. dry run thatt could leave trillions in derivatives from london to frankfurt. a high-profile case involving sexual harassment and a giant severance package, les moonves was denied a payout. he failed to comply with an internal investigation. moonves'lawyer called the conclusion without merit and could set the stage for a lawsuit. lisa: this has been the worst year for credit markets since the 2000 a crisis. for a look at if the pain will continue, let's begin the ba

. >> that wraps it up for bloomberg daybreak: americas. coming up bloomberg markets the open with jon ferro. ♪

that is it for "bloomberg daybreak: europe." the european open is next. of questions with complacency around brexit. have the charts of a no deal receded. let's get back to vienna. ♪ anna: welcome to "bloomberg markets: the european open." we are live from the city of london. i am anna edwards alongside matt miller who is in hamburg following the leader ship vote. matt: what a wild ride we had in u.s. stocks yesterday. asian stocks, for the most part, gaining but u.s. futures are indicated to continue losses, even though european futures are up. the european equity trade starts in 30 minutes' time.

this is bloomberg. ♪ ♪ everybody, this is "bloomberg daybreak." ve your bloomberg business flash. a u.k. telecom company is removing wall way equipment, while police and other emergency responders. it is polling big year from the $3 billion project over global fears that it could enable chinese spying. it has been removing huawei equipment since 2015 when it acquired a mobile carrier, ee, which used if gear throughout their systems. euro next want to take over the company that runs the norwegian stock exchange. the amsterdam-based operator has an offer in excess of $76 million. almost half of shareholders are already behind the deal. euro next is offering a premium of 32% to the company lost closing price from last monday. oil prices are seeing little relief as worries deepened over rising u.s. supplies and volatility in the global economy. this is overshadowing signals from opec that it may extend or even deepen outflow cuts. last week's 11% fall was the biggest vince january, 2016. members of the cartel agreed to reduce production for six months.

this is bloomberg. ♪ ♪ >> this is "bloomberg daybreak," with your bloomberg business flash.eedxury company has to by the operator of the famed 21 club. the owner will pay $26 billion in cash. expanding the animal health business. a closelyagreed to by held company for $2.4 billion. they will assume $1.3 billion in debt. another harassment case involving cbs. according to the new york times, the network paid $9.5 million to settle harassment claims. an actress said that an actor said things that made her uncomfortable. when she complained, she was written out of the show. alix: european leaders met for a second day of talks in brussels. outcome not good. to brussels. where do things stand? what is on the agenda? reporter: good morning. it was a disappointing summit for theresa may. she walked in wounded by the challenge. she wanted concessions from eu leaders around the irish backstop. theu.k. and the eu, backstop, the way it is now will mean the deal will not go through u.k. parliament. she wanted legally binding language around that to make it clear the backstop will not be

this is bloomberg. ♪ >> this is bloomberg daybreak. y, the president of argentina. this is bloomberg. alix: time now for the future of money. we take a look at different aspects of how the digital world will influence money. our focus is on millennials and how they are managing their cash. qapital tartup helps users save money to reach their goals. joining us is their founder. what does it actually mean? what do i get? >> when you get from us is a way to bank completely on your mobile phone. savings, checking, and investing. what is different from us is we built the user experience layer completely focused on goals and allows you to give you your -- spending intore discretionary, short-term, and long-term goals. through that you get a lot more out of your money. our members save about $5,000 within the first 12 months using the complete experience. alix: i really responded to this when i read it because when i was in debt there was a book that was my bible. you have to pay yourself, and then bills, and then spending, and you have to div

that is it for "bloomberg daybreak: europe." n is next. ♪ matt: welcome to "bloomberg markets: the european open." we are live from london. i am matt miller aside anna edwards in westminster. anna: asia falls as china data disappoints. will europe also suffer in equities trade? the cash trade is less than 30 minutes away. matt:

this is bloomberg. ♪ >> this is bloomberg daybreak. ming up in the next hour, walter todd and the cio. this is your bloomberg business flash. a deal between disney and verizon shows there is still support for sports networks like espn this despite growing rusher on cable. they averted a distribution agreement. disney won a price hike for its programming and verizon agreed to carry a new sports channel. natural gas is heading for its worst december. they will lose 33% this month. on seasonally warm weather and a smaller than average drop in stockpiles. aquaman was the box office champion north america. the movie based on the comics character took in $51.6 million. mary poppins return was in second place. that is your bloomberg business flash. alix: three things wall street says this morning. billionaire winners and losers. we look at the biggest moneymakers and losers of the year. fund, thehedge portfolio manager will start a hedge fund launching in asia. goldman cozies up to private equity. they are the top for m&a. is lisaoining us now

this is bloomberg. ♪ >> this is "bloomberg daybreak," with your bloomberg business flash.alling to ax seven-week low, amid concerns the shutdown will last into next year. the greenback slipping against the group of 10 peers. no votes are scheduled. the italian prime minister thinks his country's high level of debt is not "so scary." he said it would be impossible for italy not to see robust growth next year. he says 1% is the minimum threshold and that the fundamentals remain solid. the government is racing to pass the 2019 budget before a december 31 deadline. china will speed up approvals. the vice chairman the regulatory commission says the country must allow faster access to capital markets and improve stock trading links with hong kong. it is the latest sign policymakers are committed to opening up china's financial system. 500's wild swing, the last 24 hours. finishing almost 1% higher. the biggest upward reversal since may, 2010. it is not just that day. it is the last few. the high price minus the low price. the swings becoming more commonplace. so great to see you

this is "bloomberg daybreak."ed tohina has ratchet down tray tension with the u.s. removing a retaliatory duty. the next move make him from the white house. the trump administration is expected to announce they are delaying tariffs do on new year's day. the chinese will resume buying u.s. corn. on capitol hill, house republican leaders are sending officials on a break without revealing anything about a shutdown. the senate has not announced plans to fund the government. british prime minister theresa may had two messages. -- thest was at the e.u. northern ireland backdrop will not be forever. wants serious talks with e.u. officials to start soon. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. president trump cannot out run his past. former attorney and advisor michael: taking responsibility -- michael cohen taking responsibility for crimes, but saying the president kno

this is bloomberg. ♪ >> this is bloomberg daybreak. ard enterprise greenroom. coming up on balance of power, michael pillsbury at the nielsen love -- senior fellow. this is bloomberg. alix: it is time for our regular monday feature on the future of money where we take a look at different aspects of how the digital world will affect money. we are looking at the u.s. dollar, its dominance and role as reserve currency. a former treasury secretary noted in 2016 the more we condition use of the dollar in our financial system on appearance to u.s. foreign policy the more the risk of migration to other currencies and other financial systems in the medium-term grows. joining us to talk about this is peter coy come our bloomberg economic editor. peter you had a great story in business week back in october that talked about the world using the u.s. dollar. you asked the question about for how much longer. the u.s. dollar is still very dominant. >> no question. i am raising a question of what could eventually happen. there are people who are not h

this is "bloomberg daybreak: europe." is today's top stories.ejra: the rally in risk assets comes to an abrupt halt in asia as larry kudlow dials back on trumps trade do with china. bond market moment. the u.s. 3-5 yield curve inverts for the first time in a decade. is a warning sign for the fed? theresa may's attempt to celebrate a deal gets torpedoed by mps before she even starts her pitch. mark carney also faces a grilling from parliament today. ♪ manus: a warm welcome to "bloomberg daybreak: europe." let's get straight into these markets. itsis rising and has had best to date gains since june. day gain since june. one thing to bear in mind, we are in mind, we are conduct cross mode on the bright market, which is where the moving averages cross over one another. there could be a lot of bullishness priced in to the cuts we already expect from the vienna. the equity markets are stepping back their overall belief, in terms of what was affected at the g20. that's by mnuchin, larry kudlow. the indian market stepping back a little bit. let's have a

this is bloomberg. ♪ viviana: this is "bloomberg daybreak."de it official, spending $12.8 billion for a 35% .take in jewel the investment makes jewel the second-most valuable privately held company after uber. products will be sold next to marlboro cigarettes on the top shelf in the u.s. after af airbus falling french report the u.s. justice department has launched an investigation. a probe is being conducted in parallel with british investigations. according to a newspaper, air cut -- airbus could get fines totaling several billion dollars. the maker of budweiser is getting into the marijuana industry. a research partnership has been agreed to with a canadian pot form, and they will spend $100 million to look into non-at holick cannabis infused beverages -- nonalcoholic cannabis infused beverages. carol: thank you so much. the dollar is headed for its worst day since december 1 in the aftermath of the fed monetary tightening. nathan sheets is still with us from pgim income. what do you make of the dollar decline? nathan: i think we are still

this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak," i'm emma chandra. bloomberg. ♪ higher,onos trading 25% after altria makes investment in the company. $1.8 billion stake in the company, 45% overall. altria gets a foothold in canada. cronos gaining 25%. businessweek beats. three must-read stories. bloomberg 50. amy hood, microsoft surpassing apple as the most valuable company. the secret weapon, longest-serving cfo. amy hood. the reboot. investors getting sick and tired of waiting for the turnaround. no refunds. a startup demise. crazy story. lured by the promise of traveling the world, customers woke up to a concerning email and harsh reality. joining me now, carol and dave. a onees not want to work million our day on a friday? 50 most influential. amy hood. the three stories, the good the bad and the wait, what? everyone is doing these lists. amy hood has become the longest running cfo at microsoft. she has worked well. she has invigorated the company, making it a number one company for supplying cloud equipment. everyone is all in on cloud. market ca

this is bloomberg. ♪ omberg. ♪ emma: this is "bloomberg daybreak." oger this is bloomberg. emma: this is "bloomberg daybreak." this is your business flash. lyft has submitted early stage documents for its ipo. lyft is working with jpmorgan, but it swiss, and another company for the offering. $18ations range from billion to $30 billion. in japan, softbank's ipo's telecom unit has been fully subscribed. underwriters were able to cover it yesterday thanks to strong demand from retail investors in japan and overseas buyers. cheers begin trading december 19. u.s. regulators will try to convince an appeals court that a lower federal's court was wrong warner dealand time goes rupee are they say at least a higher prices. at&t denies the accusations. that is your bloomberg business flash. alix: turning to wall street eat, three things wall street is talking about -- turning to wall street beat. 's family ties spirit we look at the rest of the ceo and look at the family. apollo warns of a credit bubble. says that could be a credit bubble. outrage was expressed

this is bloomberg daybreak: europe. manus: i am manus cranny.t is in these markets this morning. not that you need us to remind you. the worst quarter since 2015. failing to impress the market. below $50.own shale is a big risk in 2019 and the market does not believe that opec has done a big enough job. nejra: talking about technical breakpoints and oil, the s&p closed at a 14 month low and futures are not looking too positive, pretty much struggling for direction. the10 year yields down and curve has been steepening. will it flatten if we get anything other than a dovish hike? the 10 year btp futures, money moving out of btv -- btp. still below 3%. manus: let's talk about the question of the day with the mliv team. it comes back to the china discussion. whatu are a believer, assets will move the most on china reform? to ourut that question guest. of tavistock investments. we understand that half $1 whation of stimulus -- assets would you want to be long -- in 2019? christopher: going back to trade, china and the u.s. will come to some type of a

this is bloomberg. ♪ kathleen: this is daybreak: asia. i'm kathleen hays in new york. 'm david ingles in hong kong. let's have a look what bloomberg has been told, two top officials of china's was par 4 traded companies have been suspended over losses on bets related to prices of oil. giant sinopec confirmed the suspension, said only they were related to "work reasons." analysts say the market is watching for details on scale of the loss. shares tumbled as a result. kathleen: sure so is betting on my bodies for month-to-month losses after stocks surged 65%. the rally follows the announcement mind-body is to be acquired in a $1.9 billion deal. they have a 30 day window to seek a better offer, which raises possibility of another bid, sending the stock higher. david: shares of blue apron soaring as much as 25% on thursday, catapulting a session gain to more than 48%, collett 50% really, but it cracks the one dollar barrier for the meal kit company, which recorded one of the worst-performing ipo's of the decade and the stock remains down more than 75% for 2018. kathleen: in

i'm manus cranny and this is "bloomberg daybreak." i'm they rich a edge city of london at bloomberg's headquarters. -- neighbor change -- nejra che hic live from the city of london at bloomberg's headquarters. manus: stocks tumble in asia. the selloff goes from bad to worse. u.s. futures drop along with yields as u.s. markets reopened today. brexit recession? theresa may struggled for support in the u.k. parliament. the ceo of rbs tells bloomberg a goodvely there is chance of a downturn in the event of a hard brexit. >> i think the reality is that uncertainty will push this lower growtha much .han we have had that is just the reality. manus: a warm welcome to vienna. it is almost -1. the markets of oil are under pressure. i have heard every description. a fuzzy cut, a quiet cut, and elegant cut. whatever way it cuts up, we need details today. the voices from opec will speak to bloomberg. this is what we have stacked up for you. the qatari energy minister standing ready to talk to us. as qatar gets ready to exit the group. he might hav

. >> this is bloomberg daybreak: europe. theresa may reaches out to europe. the u.k. prime minister is on a mission to seek help from the european capital. trade talks move along. asian equities and u.s. futures suggest investors are not buying. in the rupee, under pressure, after the surprise exit of its central bank governor. we are live in mumbai this hour. >> we have 18 days -- 108 days until brexit. what happens next? nejra joins us from brussels. maria, let's kick it off with you. what is the reaction from european leaders? >> this was not the timeline they were expecting. was that sheon would put it to a vote, first. that meant she would come to brussels with a more clear picture. this makes this look very difficult for theresa may. matt: you have been covering the story from day one? what are you hearing about theresa may's side? >> she is heading to europe today. this is ahead of the european union leader meeting. the european union has said, no renegotiations. can get from brussels is reassurances on the backstop. that's one of the key sticking points for th

. ♪ >> this is "bloomberg daybreak." here is what is happening.pple will expand its operations in austin, texas, building a new employee campus big enough to house 15,000 workers. apple will build facilities and seattle, san diego, and new los angeles, plus expanding sites in pittsburgh and colorado. japan post buying a stake in aflac. 7% topost will acquire a 8% stake. it is looking for ways to boost long-term profits. aflac is saying that it remains in talks. gam are plunging. it predicted a $931 million loss for the year. assets tumbled fall of the suspension of a star bond manager. leading to a restructuring program to cut costs by more than $40 million. that is your bloomberg business flash. david: it is quite extraordinary. $930 million, wiping out eight years of earnings. the fees they were are in this year will be 3 million swiss francs. figure before was 44 million swiss francs. that is stunning. alix: wow. not a great time to be an asset manager. alix: it is a bad time. at what point will you get a bid? about atere is a piece what point

this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak." he next hour, republican senator rob portman of ohio. this is bloomberg. ♪ president george h.w. bush came to office with a wealth of foreign affairs experience, but some of his tough challenges came on the domestic front pay mounting domestic ajit and a pledge he had given never to raise taxes. >> i will keep america moving forward, always forward, for a better america, for an endless and enduring dream and 1000 points of light, this is my mission and i will complete it. david: president george herbert walker bush, that meant passing the americans with disabilities act and the clean air act. it also meant tackling the budget deficit. >> i am submitting a budget that holds the growth in spending to less than the rate of inflation. wasd: the budget deficit $2.8 trillion when bush took office, gripping his ability to achieve the one big thing he promised. >> read my lips -- no new taxes. david: president bush was forced to abandon his promise. his economic team pat -- try to ,alance with

this is bloomberg. ♪ daybreak. bloomberg a center for automotive research president and ceo.. ♪ mercedes-benzof wants more controls over its operations in the was largest daimler has raised the prospect for beefing it stake in a joint venture with a chinese company. daimler when i to increase its fortinet percent stake to at least 65% and talks are in the early stages. bmw is in talks with people about joining the automated driving group, they have long been an advocate of collaborating with rivals in the race towards self driving cars. their head of development tells us that high research cost and technology encourages partnership. mexico is likely to see multimillion dollar when it sells its presidential airplane. the new president plans to carry out his campaign promise to get rid of the airplane, he thinks it is too often tenacious as a cost mexico $290 million, one aviation consultant says retail may bring $76 million or less. alix: we turn to wall street beat to cover three steve -- three things, hedge funds, harsh 20% of a firm was cut as losses weigh on the industry a

david: welcome to "bloomberg daybreak" on this wednesday, december 12.alix steel. if you look at parliament, that is a beautiful shot. will really i am not sure how much wil progress is made. alix: we have reports that at least 158 tory party members will be supporting her. taking a stand there in parliament. i have no idea if that means we will get an brexit deal or not, but nonetheless, at least we will have clarity for the next 12 months. and we have merkel saying to her own parliament, there is no change in the deal. look at that, parliament really emptied out there, the headliners. it is a risk-on kind of rally that the trade overnight, having to do with huawei, equity futures up by .9%. we have seen six days, intraday moving 1% for the s&p. a real shocker with the action happening. the cable rate .1% around the highs as we see that perhaps theresa may can fight off and vote a no-confidence. we have up by two basis points, $24 billion on the 10-year. two-year was pretty solid. crude also up, finally factoring is supplied times as we wait for an opec

bloomberg. ♪ paul: i'm paul allen in sydney. hays in: i'm kathleen new york. you're watching daybreak australia. get a quick check of the bloomberg business flash headlines. investing.com and reuters say and tesla's new model three also the exit and the s costs were reduced. they are now 499,000 yuan, or 70,000 u.s. dollars. drivingngapore is goldman sachs into his investigation. they haven't been examining the firm since light last year. until recently it was not the focus of an investigation for goldman units have been charged in malaysia. reports from germany see volkswagen could have introduced software to address emissions cheating. it does back exhaust filtering after a certain amount of feel consumption, which would keep emissions -- fuel consumption, which will keep emissions low. paul: coming up next, we will have the latest from washington on the government shutdown. that's coming up next. this is bloomberg. ♪ paul: it is 9:30 a.m., christmas sydney. we have futures currently pointing lower, three quarters of 1%. i'm paul allen in sydney. hays in: i'm kathleen new york where it is 5:30

manus: this is bloomberg daybreak: europe. these are today's top stories. >> investors brace for the last polity decision of 2018. the worst year for global equities since 2008. can a dovish hike save the market. italy reaches an informal deal with the eu. the u.k. prepares for a no deal divorce. tanks on itsnk trading debut. we are live outside of the tokyo talk exchange -- stock exchange. ♪ manus: warm welcome. we are preparing for what some would say is an incredibly dovish fed reliefs tonight. will they move the language? looking at the market. to 60 basisould go points going through to next year. it will not be an easy road. whether you think it is all we are bouncing off this 2.80. we bounced in july and august. we have not inverted yet. what are the bond markets telling the fed? they aren't listening to capital hill. or are they? the dollar is down for the third day in a row. city would say that you have almost all the dovish news priced into the dollar. the positioning as such is that it will be very hard for this meet

i manus cranny and this is bloomberg daybreak: europe.hedge life from the city of london -- i'm nejra cehic live from the city of london. manus: stocks start higher following two weeks of lunch dust losses. sid -- losses. earnings worries are overdone. all eyes on the fed, chairman jay powell expected to raise rates by a quarter of a point this week in the central bank's final meeting of the year. but will he dial back expectations for 2019? european political risk watch theresa may face parliament today. bills let and these vote on options on brexit. italy set to offered new targets to the eu. ♪ nejra: just under an hour away from the start of cash equity trading in europe. we could see a positive session. we saw weakness on friday, beside a in global stocks around concerns about global growth, with data out of china and the eurozone feeding into that. ftse futures up a quarter of a percentage point. cac 40 futures tracking higher. u.s. futures edge higher when the s&p 500 hit the lowest since april on friday. we saw health care and tech

romaine: "bloomberg daybreak: australia" is up next. joe: have a great evening. erg. ♪ paul: welcome to "bloomberg daybreak: australia." i am paul allen in sydney. shery: i'm shery ahn and bloomberg's headquarters in new york. >> we are counting down to the major market open. paul: here the top stories we are covering. oil slips after opec and allies --er plans to president trump is saying china is sending strong signals about a trade

this is bloomberg daybreak europe. stories. trade flashpoints. the ceo puts more pressure on stocks. may day, may day, the u.k. prime minister must decide whether to put her brexit deal to vote in parliament or risk a humiliating defeat. and europe on edge. the french president addresses the nation tonight. and italy prepares its initial budget analysis. good morning, everyone and welcome to daybreak europe. a.m. london.00 looks like a risk off day based on futures market. the worst week since march. looks like the slide cooking -- could continue today. the trading time being extended into the asian session and it is not looking pretty. down more than 1%. gain for european equities on friday. the stoxx 600 dropped more than 6%. the equity picture looking ugly. yields moving lower. the two-year yields also moving lower. and five weeks of declines in u.s. yields. could we see any pressure this week? there is quite a bit of supply coming onto the market. dollar weakness continues for a third day. dollar-yen on a back foot. the dollar is declining ag

this is "bloomberg daybreak." here is the first word news with kailey leinz.y: theresa may has decided to avert certain defeat on brexit calling on a crucial vote on her brexit proposal. she will ask e.u. leaders for better terms on the biggest sticking point, the future of the border between ireland and republic of ireland. president trump is looking for a new chief of staff, john kelly who is leaving at the end of the year. possible candidates include congressman mark meadows and matthew whitaker. opposition, 85% of the countries of the u.n. agreed on a deal that would ensure safe migration. more than 60,000 migrants have died on the move since 2000. the trump administration pulled out of the accord a year ago. the head of india's central-bank is quitting. he has been at odds with the finance ministry on the banking crisis and interest rates. -- india is closing in on italy for having the worst banks. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. th

this is bloomberg. ♪ paul: this is "daybreak asia." i am paul allen in sydney.ays in new york. the fed appears to be approaching the end of its hiking cycle. people say the fed in consensus since it will be hiking at least two more times this year, but some are saying maybe not. you may have to positive bottom line, what does this mean in the bond market in the u.s., around the world? .oining us, hayden brisco it's interesting that we have had this big move in stocks, right? big selloff. bonds have rallied some, but the move is so much less extreme. what do you make of that? what is the bond market thinking, this somewhat more dovish fed stance is going to meet for them -- mean for them? >> the bond market is trying to get its head around inflation. that is the key thing. we are observing that inflation is starting to accelerate to the downside. this year, it's been really tough. essentially, they have been selling off the same time as equities have been selling off, so correlation going down to one when normally, we are used to negative correlation. we think it

from new york, this is bloomberg. ♪ emma: this is "bloomberg daybreak," with the bloomberg business flashorking on cryptocurrency that lets you transfer money on whatsapp. the social network will focus on the indian market to minimize volatility to develop the stable going. -- coin. the company is far from releasing the coin as it develops blockchain strategy. today, xavier will take the reins on january 14. the former head of the london will exchange growth -- he stay on as the senior investment officer. china top policymakers implementing significant cuts to taxes and fees in 2019. the government deals with slower growth at home and uncertainty over trade with the u.s. termal was dropped as a from the monetary policy. lisa: one culprit for market volatility. tove mnuchin attributes this high-frequency trading and the volcker rule saying "market structure has led to more volatility. part of this is a combination of the presence of high-frequency traders combined with the volcker rule." kevin and denise. argument?you buy this i love the treasury secretary talking about market structure bu

this is bloomberg. ♪ >> this is "bloomberg daybreak." e hewlett-packard in a price greenroom. coming up, a bloomberg opinion columnist. now to your bloomberg business flash. general electric is moving ahead with plans to spin off its most property of -- it's most profitable business line signing off on an ipo of its business unit. the new entity could have an enterprise value about to $70 billion. japan has agreed to take a minority stake in aflac, the american insurer whose biggest market is in japan. in awill take a 7% stake $2.4 billion in increased voting rights to aflac to 40% over the next several years. is trumping the landlords real estate brokers. they are getting a greater portion of its business from the large companies that property owners usually report. blackstone group are venturing into -- is venturing the flexible office workspace of their own. that is your bloomberg business flash. lisa: that is an interesting story. they were one of the biggest commercial properties out there. how difficult is it for other property owne

in london, this is "bloomberg daybreak: middle east.ning down although they have pared losses a little bit. the worries seem to be getting higher every day with chinese data that came in worse than expected on both factory and consumer price inflation. japan's economy shrunk more than expected in the third quarter, all of that happening against the backdrop of ongoing trade tensions and i haven't even gotten into the risk heavy week for investors -- that brexit vote in the monthly report, and the ecb meeting. plenty to discuss. >> absolutely. the euro-dollar trade stands bit withhing it clear some traders saying that liquidity is then and that is exacerbating some of the moves. there is a clear bias toward put options and mr. draghi will be speaking on thursday and the expectation is they are going to wind down there asset purchase program. let's get straight to the market action with juliette saly in singapore. juliette, what is driving momentum at the moment? >> well, and you have been talking about, it's these concerns about the u.s.

. >> this is bloomberg daybreak: europe and these are today's top stories. nejra: risk assets fall after the u.s. and china call for a tariff cease-fire at the g20. is it short-term relief or the start of a battle. saudi arabia and moscow continue regular plan to markets. and u.k. politicians demand the prime minister published the internal detail behind her brexit deal. manus: welcome to daybreak: europe. oh what a circus, oh what a show. up we went. 5% of value.d a new tweet this morning, no tariffs on cars coming into china from the u.s.. we are pumping it out. ground zero for the commodity trade. you see the u.s. to immediately see the china purchases of american products. soybeans. just president gee and president trump, it was putin and mohammad bin salman. this market has the lowest positioning in five years. under love, under owned, we get ready for vienna. good morning. yes, you take a can, you give it a good shake, you kick it down the road, you open it up, the frog will come out. is that we are seeing? morgan stanley basically upgrading its 2019 c

this is bloomberg daybreak: europe and these are today's top stories. wall street whiplash. wall street stocks see their biggest reversal. the s&p's today gains are the largest in three years. america's late session her alex failed to captivate asia -- late session heroics failed to captivate asia. funding for president trump's border wall remains a key impasse. the partial u.s. government shutdown is likely to last until the new year. welcome to daybreak europe. what a day it was on wall street yesterday. the s&p 500 falling almost 3%. it then reversed to end just slightly in the green. the biggest upward reversal since 2010 for the u.s. equity benchmark. futures not giving a lot of direction. up by 0.1%. nasdaq futures up 0.25%. context, sincee 1990, every comparable reversal came. that is something to think about. we went into a bear market for the euro stoxx 50 yesterday, but stoxx 600 averting that bear market. seems like we could see a bounceback with european equities in two hours time. euro stoxx 50 futures big overnight in the asian session. upward momentum in the 1

yousef: you're watching the best of "best of bloomberg daybreak: middle east." is a survivor, certainly under pressure as theresa may clings to power. the future remains unclear as the brexit headache rumbles on. trade tensions, china says it's freeze on cars, canada's on bail, and president trump says he's ready to interview and -- intervene. his replacement is expected to ease tension between the central bank and government. oil extends gains as the new report sees a much larger than expected draw in the u.s. crude oil price.

this is bloomberg. ♪ shery: this is daybreak asia. i am shery ahn in new york. ud-watts. let's look at stories that are trending across the bloomberg universe. on bloomberg.com we are leading with a view with boeing and indonesian carrier lion air. they scrapped a deal worth $22 billion. looking at the most googled search terms of 2018. terminal subscribers are leading -- reading about the brexit drama as theresa may is pushing back against reports they are warming to the idea of a second referendum. checking out on those stories on bloomberg, online and on the terminal. shery: let's talk about brexit with jacob kierkegaard, senior fellow at the peterson institute. he joins us from washington. we have theresa may denying they are warming up to a second referendum but if she doesn't get her deal past through parliament, that could lead to a carbon government -- jeremy corbyn government. if they don't want that, isn't the referendum likely? >> it is a possibility but if you are going to have a second referendum, it will have to come by the votes of probably some co

this is "bloomberg daybreak: europe." volatility rips through markets.its a february high as the nasdaq slides towards a bear market. u.s. defense secretary james mattis resigns in a skewed -- scathing letter to the president, seen as a force of stability in the administration, what does the departure mean for foreign policy in the new year? with uncertainty, investors face a partial u.s. government shutdown as the house picks a fight with the senate over border wall funding. welcome to "bloomberg daybreak: europe." less than an hour from trading in europe. the vix, set for its biggest annual surge on record. we saw u.s. equities take a hit yesterday. dropping,. we are looking studying european futures today. in u.s.seen studying futures, looking at s&p 500. perhaps not the pain we have seen other days this week in european equities. 40 futures, dax futures pretty unchanged. the treasury revealed it is not going to fasting today's session. after the fed decision and jerome powell's press conference, we dropped on the 10 year. a 2.80 handle right now, hov

yvonne: bloomberg daybreak: europe he's coming up. aybreak middle east coming up. this is bloomberg. ♪ emily: i am emily chang in san francisco. company up, while way scrutiny huaweie way -- scrutiny ramps up.

into radiomute, tune on bloomberg daybreak. it can be heard across the u.s. on sirius xm. urveillance. i'm francine lacqua in london. to push itsing budget through parliament by the end of the year deadline. the controversial taxes the latest hurdle. the prime minister held a news shouldnce, saying reform be driven by parliament and that 1% is the minimum threshold for growth. joining us now is the bureau chief. what do we do with these hurdles? do they get passed? >> it looks like they will with these hiccups. was holding his press conference and at the same time, there was a suspension in parliament because of this debate. the opposition is not happy about the changes. au -- e.u.'s the fall because of the lengthy negotiations. francine: what are you looking forward to in 2019? what will our coverage focus on, is it fresh elections, or immigration? dan: i think it is all of those. clearly, the leaders of this salvinin, dimaio and are in endless campaign mode with the european elections a few months away. i think that is going to be at the forefront. is a risky, there that

this is bloomberg. "daybreak asia." shery: let's return to the wild session on wall street as volatility continues into its 12th week. joining us is mainstay capital management ceo david could the. -- always great to have you. we are hearing more analysts from goldman sachs and jpmorgan recommended increasing cash holdings. how do you had all this volatility? it seems we have lost david from mainstay capital management, he is the ceo there. we are talking about market volatility after a wild session on wall street when we saw a reversal coming from u.s. stocks, and we were headed toward an eight-month low, then we saw the reversal in buying the dip. investors and the dow reversing the decline and really gaining .1% at the end. as we get the connection established with david, we will take you to a check of the latest headlines. apple analysts shrugging off a report that it is being banned from selling some iphones in china following a lawsuit from qualcomm. shares fell initially, but recovered to trade higher. the qualco

welcome to "bloomberg daybreak: europe." the worst week since 2011 for the s&p 500 last week and heading for its worst quarter since 2008. we close lower on the spx. the nasdaq in a bear market but it looks like we could get -- into today's session. we are seeing weakness come through on the bloomberg dollar index this session, all 5.2%. a number of concerns weighing on this session, .2%. a number of concerns weighing on the dollar. and of course, steven mnuchin talking to banks about liquidity, perhaps causing general concern in these markets as well. futures holding up. a mixed session in asia and oil up .6%, 45 .87, a positive reaction to some reporting that 45.87, a positive reaction to some reporting. yvonne man in hong kong has more. yvonne, good to see you. a bit of a mixed session in asia this morning. yvonne: japan is closed. half-day trading and hong kong, australia, and new zealand today. we are well up a session lows we did see in the region. we have been watching some of these lines. steven mnuchin trying to cal

this is bloomberg. > this is daybreak asia. president trump's twitter rave against fed rate hikes has revved up again as jay poul guess ready to preside over the final meeting of the year. our bloomberg policy editor is now here, now a former fed governor saying the fed should pause. >> i think that is what is so important to remember because president trump's tirade against the fed tweet after tweet may seem a bit over the top but he is not the only person out there saying, maybe you don't really need to do another rate hike right now. let's look at donald trump's latest tweet to get started. here is what he said via twitter. it is incredible with the very strong dollar, virtually no inflation, close to the 2% target, mr. trump. the outside world blowing up around us. paris is burning. china way down. the fed is even considering another interest rate hike. take the victory. in other words he is saying, economy is going, inflation is low. don't worry about t his trade adviser getting into the act though saying the fed shouldn't

this is bloomberg. ♪ haidi: this is daybreak asia. the rate hike now with former atlanta fed president dennis lockhart. and policyeconomics editor kathleen hays joining us for this conversation. from thee statement fomc, expecting a further .radual increase of rates how much flexibility does this provide the fed going into very uncertain 2019 -- a very uncertain 2019? dennis: a little bit more flexibility. a couple of words changed, as you know. we judge instead of we expect. some further. fomc think that gives the just a little bit more flexibility for next year. did you detect, though, not just thee -- fomc policy statement, but some of the things jay powell chose to say? he characterized the economy as still solid in 2019. but that statement he had about the high degree of uncertainty , do youate hike path get the sense that he is maybe just a little more dovish than people realize? out a: i think he carved position in which, as he said over and over again, they can be data dependent. they can basically let the data speak to them ne

i'm trying... ♪ yippiekiyay. ♪ mom. ♪ ♪ >> this is "bloomberg daybreak: middle east."e markets. the treasury secretary tries to reassure markets as the slides continue. nasdaq entered bear market and other indices are not far behind. >> president trump was happy to take the credit for surging stocks, but with the ball run nearly dead, who now takes the blame? >> crude climbs as opec hints it could restrict output even further. the cartel is in a whatever it takes moment to prop up prices. >> and could of proposed bank merger lead to 1000 job cuts? we have the latest from this developing story. ♪ >> it's 8:00 a.m. across the emirates. this is "bloomberg daybreak: middle east." i'm yousef gamal el-din. >> i'm tracy alloway. it is christmas eve here in the city, but it is not the most wonderful time of the year for markets, given that statement from the u.s. treasury secretary and the ongoing political gridlock in washington. s&p 500 futures are currently in the green, but there's a question about how much of a single you can get from that, given the lack of activity from

leaning more coming up on "daybreak: asia." this is bloomberg. ♪ haidi: this is "daybreak: asia."ery ahn in new york. china has been the last three years creating a special town outside beijing to your companies and workers to the private funds market. despite recent declines, the town's managers are pushing ahead with a plan to create they hope will be a global hub for money management. our china correspondent reports. >> this wetland on the outskirts of beijing is set for a glittering future. think sleek offices, designer shops, and plush apartments for the modern-day financier. at least that is the vision. beijing's fun town is built as a center for china's growing ranks of money managers. the plan, and it is an ambitious one, is to build a fun industry hub around this wetland park about an hour outside of the capital. the question is, can they convinced industry players to set up shop here? backers say more than 1000 firms have already registered with around $230 billion of assets under management. >> it should play a role in being a bridge to provide better service to those g