bloomberg lp, the parent company of bloomberg news competes with thomson reuters in providing news, dataormation and the financial industry. the chairman of bloomberg lp is a nonexecutive director. three of america's most recognizable business figures are teaming up. jeff bezos is joining forces with warren buffett. healthompanies aim to care companies. the three firms say they plan to set up a new independent company that is free from profit making. health care stocks sunk on the news. that is your bloomberg business. let's get more reaction to the state of the union speech and turned to commodities. infrastructure was a key theme of the conversation. oil has been declining for a third consecutive day. we had industry data that shows u.s. crude stocks expending for the first time since november. on the other hand, you have this expectation that any further traction on infrastructure could feed into the rally. we saw key moves in some of the metals off the back of that anticipation of something more tangible. let's bring in mario. good to see you. pull up a chart just to lay the groundwo

bloomberg lp operates a global news network on twitter called tick-tock.t is an all or nothing a package for the billionaire founder and ceo of tesla. tesla has granted elon musk a largest of its kind of $2.6 billion stock award. if fully vested over a decade, stock options could make him up to $55 billion. it appears to be tesla's way of ensuring that must will stay. still ahead, nasdaq posts a record high as stocks continue to rally. we will talk to one hedge fund manager about why now is the time to invest in big tech. this is bloomberg. ♪ emily: netflix surging nearly 10% in tuesday's trading session, it's best performance since july 2017 after reporting its best quarter ever. the jump in stock price has helped push streaming giant passed a $1 billion valuation. netflix helped lead the nasdaq higher of the session, closing at a new all-time high, helping the massive tech rally was tech rallyyear -- throughout 2017 continue into the new year. we have your the manager of a hedge fund. why invest now in tech? guest: most of the gains in our fund our tech

to tliv for more analysis on bloomberg's expert editors will step we should also said that bloomberg lprovide services complying with mifid rules. our financial news has just been concluded in our blog. we will be back with simon french and daniel morris. this is bloomberg. ♪ tom: "bloomberg surveillance," francine lacqua in london. tom keene in new york. let me go to the chart now with simon french and daniel morris. this is the five year-five year breakeven on europe. this is something francine and our good guests know all too well. this is if you go five years and then you forward another five years, where is inflation? we have got this leg up. is it escape velocity from the great disinflation? >> that is a nice thought. there are two things to think about. one, it's a function of the rally based off of oil prices. there does seem to be a relation between the oil price and the five-year inflation. on the other hand, if you compare that level to the beginning of this year, it's still relatively low. we've had a boost in oil prices. it's hard to say outside of wages in germany when we

i should also add that bloomberg lp operates there.e biggest startups on the planet is turning a corner when it comes to profitability. sending the company's initial trajectory out of the red would be a dramatic shift for the global ride-hailing service which has been losing billions every year. john spoke to bloomberg's -- uber's ceo at davos. >> the core business, the ridesharing business, can be profitable within three years. we will continue to make very aggressive investments in building out autonomy, because we didn't that is a terrific opportunity. for building out new technologies, such as uber elevate, where near-term profitability is not a goal, but long-term growth this. we will look to balance near-term profitability. as a company, we will always take big risks. >> to you think the drive to become profitable fights against a little bit of this culture change? making money,ut but not at all costs. , are they --gs >> i don't think profitability and culture are the issue. wascompany, in the past, willing to make trade-offs as

and bloomberg lp continues to provide a range of services.er term in 2018. he is the longest serving republican senator in u.s. history and the leader of the successful efforts to rewrite the tax code. the decision could open a senate bid for mitt romney, two time presidential contender. he's viewed as a republican elder, who could challenge donald trump, who he has called a fraud. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. guy: thanks very much. commodities have surged lately. oil has been the forefront of these gains. wti stabilizing above $60 per barrel. u.s. 10 year breakevens have just top 10%. two year breakevens in the s tates, at 1.58%. will 2018 see the return of inflation? vincent juvyns is sitting next to me. what do i read into these charts? 10 years, beginning to extend a little bit. are we starting to see inflation gaining traction and what does that mean for my portfolio? >> there is the possibility for a cyclical rebounding. we see stronger growth. also, th

bloomberg lp competes with thomson reuters.s chairman of bloomberg lp a nonexecutive director at blackstone. that is your bloomberg business flash. matt: thank you for that. now, let's focus on the euro area economy. headline inflation is likely to have slowed in january. we look at that data at 10:00 a.m. u.k. time. economists expect that volatility will be absent from the core measure. let's talk about which measures will mean what for the ecb stimulus plans. richard jones joins us now from berlin. richard, some pretty strong growth numbers out of europe recently. we have seen a slowdown in inflation, especially in the core german numbers, which were out yesterday. what is going on? i think thel, growth backdrop is very favorable. i looked at 2.7% growth across the euro area, and that is broad-based. you and i living in germany know about the economic growth story here and the strength we are seeing in europe's biggest economy, but the broad-based growth we saw yesterday is positive. the big challenge for the ecb is to turn t

in the interest of full disclosure, we should say that bloomberg lp, the parent of bloomberg news, competeso provide a range of services for firms complying to this new rule. thehead of the powerful new revolutionary guard in iran says the antiestablishment protest across the country are all but over. state news showed pro-government rallies" at the commander as saying this sedition has ended. it gave no evidence to support the claim. at least 20 people have been killed in protests over the last week, and almost 1000 arrested. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney collins. this is bloomberg. you.e: thank let's take a closer look at the second straight day of record highs we saw here in u.s. stocks. goldntioned, we saw falling, the dollar extending gains on the release of the fed minutes showing continued talks of gradual rate hikes this year. su keenan is here with more on the trade. reporter: investors seem to like the gradualist message. they also liked very much the very strong manufacturing data. let's get

we should also note that bloomberg lp operates a global breaking news network on twitter called tick-tockes are coming for your job. that is the fear that many people have. the fear that ai to be part of our society. express a gunns of worry over losing their jobs to a machine. a of those surveyed feel very worried. joining not to discuss this is luis perez. -- joining us now to discuss is luis perez. what do you make of the feeling behind the data in this study? people are scared. hear the word ai in so many things. everybody talks about ai and it is evil. no wonder people are concerned. the real concern is they are confusing ai with automation. automation is not ai. automation is what makes us humans. what is the difference between ai and automation? >> we make things. -- may --ay think make things for us. technology, we need to make better businesses that actually use this technology and ai to take advantage of the automation and creating jobs, that is the point of ai. emily: at the same time, ai is advancing and you have facebook saying they have to hire 10,000 people to do the job th

a reminder that bloomberg lp, the pen, and a bloomberg television produces a global breaking news networker. coming up, the tech industry is still trying to assess the massive chip vulnerability last week, we discuss how the flaw could weaken the relationship between intel and microsoft, next, this is bloomberg. ♪ ♪ posted a third-quarter profit surge. it is coming on a tax benefit and investments in digital technologies for the indian software services company but the new ceo maintain forecast for slowing sales, is the first earning announcement since they took over the job last week, he assumed the reins after a board room tassel that ushered out vishal sikka. there were hand-in-hand with much of the pc era but news of the vulnerability of the intel processors has driven a wedge between the two. forcing microsoft to do much of the work patching security holes. they are disagreeing over the extent of the possible disruptions to customer operations. let us bring in alex. what does this mean for microsoft? what this means is that they have a chance to continue to show their customers that

the opinions and views expressed to not reflect those -- do not reflect those of bloomberg lp, its affiliatess. >> the following is a paid advertisement for time life's music. it was an era of incredible stars. beautiful harmonies. >> ♪ i know i'd go from rags to riches ♪ >> ♪ sincerely, oh yes, sincerely ♪ >> magic melodies. >> ♪ catch a falling star and

emily: bloomberg lp operates a global news network on twitter called tick-tock.n the biggest blow to the renewable energy industry yet, president trump decided on monday to slap tariffs on imported solar panels. the u.s. will impose duties as much as 30% on solar equipment made abroad. a significant handicap to a $20 billion industry that relies on parts made abroad for 80% of its supply. the industry has predicted tens of thousands of job losses in a sector that employed 260,000. coming up, uber's ceo speaks to bloomberg tv from davos. if you like bloomberg news, check us out on the radio. this is bloomberg. ♪ ♪ emily: google's ceo has opened to paying more in taxes. he explained the more important question was where google should pay. the company's current global tax rate is 20%. critics have accused large u.s. technology companies like google of paying too little tax outside the u.s., despite having a large portion of the revenue from other countries. one of the biggest startups on the planet is turning a corner when it comes to profitability. uber has been lo

bloomberg lp does have a breaking news network on twitter, tick, just wanted to throw that in there. wanted to point out bloomberg news is saying twitter, the volume, is at a three-month high. that may suggest m&a monday, maybe there will be some sort of deal activity. whether or not that happens is speculative. outcertainly worth pointing with twitter up more than 9% on the day, its best day of the year. its first update in nine days, too. bullish action on twitter. emily: is that just chatter or something more? we will talk about that later in the show. abigail doolittle, our stocks reporter in new york, cory johnson, our editor at large rate here, thank you so much. a story we are watching, a company preparing for its u.s. debut. seeking a bankroll, logistics buildup, and may set up a facility in l.a. they will sell 15% of its logistics arm. precursor to a logistics ipo in china or hong kong in three years. coming up, infiltrating and earnings that beat estimates and an upbeat forecast. and "bloomberg tech" is live at -- live streaming on twitter, check us out. this is bloomberg. ♪

the opinions and views expressed do not reflect bloomberg lp, its affiliates, or its employees.following is a paid presentation brought to you by beach body, but filmed by me on my iphone and directly from my heart. hold up. i want to ask you a question. how do you feel when you look at yourself in the mirror? not so good? like, gross? who is this person? like you know you have to do something, but it is so confusing. there are fad diets, extreme workouts, and it is working for other people, but it is not working for you. you just want a system, a

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the opinions and views expressed do not express those of bloomberg lp, its affiliates, or employees. a paid advertisement for the three-week yoga retreat brought to you by beachbody. leeza: are you a woman of a certain age? if you are, pull up a chair and sit with me, because this is for you. i'm leeza gibbons. it was a big year for me. i turned 60. and i'm all about aging gracefully with empowerment, but let's be real. there are some parts of getting older that are just hard. >> all of the symptoms of menopause from a to z, i have them.

in the interest of full disclosure bloomberg lp competes to provide a range of services for those compliantii rules. within 10 months the british government -- moving on to another subject -- they are aiming to have an agreement on their divorce bill. at least the outline of trading relationship post-brexit. there is a piece out on bloomberg today looking at several scenarios that might come about in 2018, including upsets and walkouts. it is a fascinating piece. it shows you the base case. , global head, bnp this,s, when you look at and some of the outlines in are other things that could happen politically in the u.k. that make it more complicated. edmund, what are your thoughts on that? edmund: i think we have a developing value story. if we look at equities, gilts are a little more complicated, but even there you would expect inflation rate in the u.k. to slow down. generated by was the currency. the currency has calmed down. the inflation push coming from imported inflation should calm down over the next few months. that may provide some support for gilts. it is not really educate index

and bloomberg lp competes with blackstone.greed to purchase to bolster the cloud-based customer relationship business. the largest software developer in europe generate sales of 6.8 billion euros in the first quarter. says theill mcdermott u.s. tax overhaul has been a major boost for business. >> president trump's tax plan has been extremely well received. i was at a been are with 15 other very large company ceos that by the way, where all my customers. i was honored to be there and they were talking about their investment pieces and how they are increasing. they are increasing jobs. they are increasing manufacturing. nejra: hna has told creditors it is facing a potential third shortfall of $2.4 billion in the indented chinese conglomerate. the funding gap was among financial details during a meeting last week. hna representatives did not respond to a request for comment. creating aer is structure that would manage a massive debt load. one favored option, aside from the initial public offering for the, is combining businesses.

bloomberg lp competes with reuters.as told creditors it is facing a first quarter shortfall of $2.4 billion in the chinese conglomerate's ability. according to people with knowledge, the funding gap was last financial details week. hna's representatives declined to respond. dubai's emirates has confirmed it is in talks with fiber bank to acquire the turkish unit. 99%, rosewhich held as much as 20% in istanbul, the highest in three years. according to people familiar, the moscow-based lender has held discussions with other gulf-based lenders. billionaire michael dell is planning to create a corporate structure that would help his ampanies better manage massive debt load. ae favored option aside from public offering for dell is combining the businesses and shifting del potro debt onto the other balance sheet. allow free cash flow to be used to pay out some of the debt. representatives from both companies inclined to comment. daniel pintonamed and gordon smith as copresidents, positioning them as front runners to succeed t

bloomberg lp does have a breaking news network on ti twitter, tictoc. scoop saying that dell is evaluating 2 options one to go public, the second two by the entirety of vmware. scarlet: let's get a check of the headlines on bloomberg "first word" news with mark crumpton. mark: new york, new jersey, and connecticut plan to sue the federal government over the new tax cut. the governors of those states say it is unconstitutional and targets democrats who did not vote for president trump. new york governor andrew cuomo says the 12 most affected states are all that by democrats. rexecretary of state tillerson met with petro poroshenko in davos, the trump administration and as it was imposing sanctions on 21 people companies over the annexation of ukraine and crimea. 11 of the individuals are ukrainian pro-russian separatists. if you are a resident of the u.s. and you are not feeling well, you have a lot of company. the flu blanketed the u.s. again last week for the third straight week. >> we have been following a talking with the state health departments ask

reuters is a competitor to bloomberg lp. $20 billion deal. and us back 2006, dubbed the golden age of private equity. we have a chart that shows where this is placed in the world of lbo's. we will see smaller deals, a lot of money in this space. this says -- not true. >> what i find interesting about lbo business, they have been amassing huge capital, but the side deals have not followed. it is an $18 billion fund. you have to put chunks of money to work and that is the case here. the question is -- are we going to see a series of bigger deals? alix: you wind up having two blackstone investors which is why it could be big. is this something we will continue to see? >> if you put it into the context of how active the m&a there is a lot of activity. we got through tax reform. the president said wall street was listening. those are the things that are captioning -- that are capturing 's imaginations. david: -- safe pair seen as a of hands in a lot of ways. rob schaeffer ran the u.s. business for credit suisse for many years. he was the senior gu

we should say that bloomberg lp competes to provide a wide range of services for firms complying withifid ii rules. nejrag us from london is cehic. i want to start with a chart about volume. early reports that trading volumes are down. trading volumes are usually down at the beginning of the year. do we really know whether volume is being affected by mifid ii? really interesting question and it comes back to the big issue weather today was going to come about as a soft launch of mifid ii or a big bang here at -- a big bang. well.lity is lower as it's not quite clear right now how much of that exactly is down to the start of mifid ii and how much is down to just the first week of january and lower volumes generally. of any glitches we were sort of anticipating there might be some issues on the first day that mifid ii is implemented. we have been hearing some things anecdotally. the legal entity identifier. it is simply a code that with firmsii brokers and other need to trade. the regulators did give some reprieve. we have beent hearing anecdotally that there have been some complication

lp is the parent company of bloomberg news and competes with thomson reuters in providing news and informationnancial industry. a nonexecutive director at blackstone. apple is responding to u.s. government queries about a software update that affected older iphones. the company says it would never do anything to intentionally shorten the life of any of its products. wasier, the sec investigating if they violated disclosure laws. that is your bloomberg business flash. 's a january to forget for cryptocurrency investors. bitcoin is down about 30% almost on a one-month basis and now trading just slightly below $10,000 per going. this comes as virtual currency exchanges are said to be subpoenaed by u.s. regulators. facebook is going to ban ads tied to digital currencies, warning that they are frequently associated with misleading or deceptive promotional practices. eric lam joins us now from hong kong. where does this leave cryptocurrency investors? surely, they are used to bad news from regulators -- but this from facebook seems to be a difficult pill to swallow. eric: they really difficult month

lp, in canada. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. mark: coming up on the close, theresa may's cabinet reshuffle becomes chaotic with senior ministers refusing to follow orders. what does it mean for brexit? that is next. this is bloomberg. ♪ vonnie: live from new york, and vonnie quinn. -- i'm vonnie quinn. mark: i'm mark barton. the closing roughly 13 minutes. theresa may is facing chaos as he attempts to reshuffle her cabinet. it was all smiles for the cabinet today, the first meeting of the cap and after the reshuffle behind the scenes, some senior ministers have refused to follow her orders. --ning us with the latest something interesting did happen. at 3:26 local time. an appointment. what was announced? >> a campaigner for brexit who continues to campaign for a hard brexit -- clean break from the eu. she's quite high-profile. she was a potential threat to may on the back benches if make came back from brussels with a deal that conceded too much to the eu. you can to this appointment is keeping her inside -- mark: is this the n

lp has a range services for firms comply to mifid ii. mark: we are heading to the close of trading in europe. autos,00 gaining, energy, and gas. this is bloomberg♪ mark: live from bloomberg european headquarters in london, i am mark barton. the european close is eight minutes away. on end from new york, i am -- vonnie: from new york, i am vonnie quinn. resident donald trump said this would alter the future of the middle is potentially -- president trump said this would eventually alter the future of the middle east. i officiallymp: recognize jerusalem as the capital of israel. vonnie: since then, the idea of a two state solution for the israelis and palestinians has been waning. now the likely successor to benjamin netanyahu says the idea is over. wehner,us is david joining us from tel aviv. talk about the successor to netanyahu. he seems to be more hawkish. is that how the israeli and is tending? >> he speaks much like most of the members of netanyahu's party. and in mind, the government place right now is a right-wing government, so anything could happen. it is certainly true that the israeli voter in general has moved to the right in recent