global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analystsn 120 countries. this is bloomberg. matt: thanks very much for that. i want to give you a couple of more breaking news headlines. we will get a lot of retail news out today. that's happening in the u.k.. ab foods says primark's 16 week sales were 30% lower year-over-year. that's going the other direction of the tesco sales that we showed you earlier. i will correct that tesco third quarter like for like headline. those u.k. sales rose 6.7%. that was the third quarter gain at tesco, like for like u.k. cells. we have headlines coming out from boo-boo raising its full-year revenue gross to 36 percent. they'd had seen 28-32%. it is primarily an online retailer. that's a company that may have done better during the lockdown. let's get back into the markets. u.k. stock futures are well on the down. s&p pointing higher. nasdaq futures are lower. treasury yields are advancing. the key thing here, after reports that joe biden is planning to present a covid relief package of around $2 trillion,

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. now let's get our top story. president-elect joe biden will ask congress for one point $9 trillion to fund immediate relief for the pandemic. >> this stimulus does not feel very well targeted. there are some channels, some parts of the stimulus that might if it is being spent effectively. >> it may not be this big at the end of the day, but i think it will still be a sizable number, because people feel like this is kind of the last big kind of cares act kind of issue. >> we will see where this goes, but this is an opening bid. there has to be a discussion about their vision for public health and economy and how they play out for the next six months and how they play out for this package. francine: joining us for more on this is our senior writer, stephanie baker. stephanie, how many surprises were in the relief package? stephanie: i do not think there w

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ back to you. haslinda: asian markets retreating from record highs, intentionally the first down day in four trading sessions. we have investors still betting on another stimulus package from biden to counter the economic impact of rising covid-19 cases. extending declines and reports of more lockdowns, currently lower by 1.2%. stocks we are tracking, t fmc after intel gave an upbeat forecast for the current quarter, currently down. alibaba, reuters is reporting there are talks to raise $150 million. there is a suggestion china will shut down as part of a major overhaul, satiate a currently -- there is a report it will salads profitable shampoo business. rishaad: the earnings season at investment banks in the united states, they have enjoyed a windfall during the pandemic seemed reluctant pass it on when it comes to employee compensation. payouts rose much less in 2020 as they sell revenues sore. let's talk to bloomb

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists andnalysts in more than 120 countries. i'm karina mitchell. this is bloomberg. kathleen: thank you. we've got breaking news on that last story, china mobile is saying it has not received notification from the new york stock exchange on the delisting you were just talking about. havesaying that they complied strictly with the laws and regulations, and they regret the new york stock exchange's decision and action. this is a very big story. the telcos getting cut, we have an oil producer and others, china petroleum, petro china, on the list for delisting. it seems to be spreading. but china mobile is fighting back and saying they did everything they were supposed to enter disappointed. we will be covering this closely as news breaks. coming up, a look at the year ahead for asian economies with a guest. that is next. and a new year for opec-plus as it must decide production levels versus potential oil recovery. we preview the meeting. this is bloomberg. ♪ it's moving day. and while her friend

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am ritika gupta. this is bloomberg. tom? tom: francine and i dedicate this data check to the many people at davos that we are missing. how about barry, the piano player at a piano bar? written up by eric silvers yesterday in the wall street journal, up end of the scotia. red and green on the screen. there is a negative tinge but a better tape in the last hour. yields come in. yield to 103, 104 now. oil 66.0 seven, other than that, sort of a churn there as well. kit juckes will help with that in a moment. francine: it is not even 5:05, and we are talking about the health drive. m&a deals are getting a boost. -- are giving a new boost to europe. it is worried about a new stimulus proposal in the u.s. that started this risk off. i wanted to share technology stocks are holding in europe, holding euro-dollar at 1.27. and the stringent quarantine possibility when you come into sterling with 36 point 153. -- 36.153. let's get to kit juckes, talking a

catch that life here on bloomberg radio, tv, and quicktake. , fourth quarter production results, the latest on rio tinto, and its forecast for chinese demand, next. this is bloomberg. ♪ kathleen: time to check in with markets in the u.s. and around the world. we go to sophie kamaruddin in hong kong. sophie: trading has been underway in new zealand and australia, a start to the session. kiwi stocks headed for a seventh day of losses while aussie stocks are getting .9%. nikkei futures in singapore opening to the upside and the yen is trading amid one of three levels. s&p futures getting ground after fluctuations monday given the holiday session. the dollar holding steady ahead ofjanet yellen's testimony. a lot of focus on that. switching the board to look at what is going on with trading in sydney. thanks get real boost with remaining from goldman boosting price targets. we are also seeing re-ratings for an infrastructure player as well as domino's pizza, or kari--we carry sayingit was macquarrie--saying it will see a change to ordering pizza onl

global news, 24 hours a day on air and on bloomberg quicktake powered by 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. francine: thank you so much. how to address the worlds problems is always top of the agenda at the world economic forum. this year, the political and business leaders attend ching -- attending the virtual davos event have much to discuss as well as the economic crisis which shows no signs of abating -- how will we make the world better? joining us is the vice chair at pimco, with a long line of understanding these big world problems and a davos veteran who usually joins me on the slopes for the first interviews to kickoff coverage. it is great to have you, even if we are not in dabo's today because the problems have been accelerated in the last 12 months. are we looking at things in the wrong way? are we expecting too much of the vaccine to make everything better? >> thank you very much for inviting me and it is special given you and i always have a chance to kickoff dabo's francine: are we looking at things in the

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. now, and duration like no other. joe biden will be sworn in as president at the capitol today. that is about all the day will have in common with past inaugurations. the parades down pennsylvania avenue have been replaced by military lockdowns. the outgoing president will break tradition and not be at his successor's swearing-in. meanwhile, in the final hours of his term, president trump has pardoned several, including steve blandin. banno -- steve bannon. bbannon is accused of diverting $1 million in funds, and the president parted dozens of others, including a rapper who pleaded guilty to a federal gun charge last year. joining us is a senior partner at sigma global advisors. he was also the deputy chief of mission at the u.s. embassy in london at the -- in 2008. ambassador, thank you for joining us on such an important day. how do the american people

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am ritika gupta. this is bloomberg. tom: thanks so much. one data screen today. it is a quiet market, a little bit of softness. futures at 11, dow futures at 83, and they 10-year comes churning in, 1.1%. it is a quiet market. i've got nothing more to say. i guess bitcoin, 38,605 on bitcoin. francine: i have bitcoin. it's like you are reading my mind. i have bitcoin fluctuating. overall, u.s. futures lower. i think a lot of the size of the package was priced in, so there is a lot more concern about it now being watered down under congressional opposition. i'm hearing more and more questions about taxes rising in the u.s., so that is probably where i would point our focus when looking at the markets. and a bit of data a little bit later. president-elect joe biden will ask congress for $1.1 trillion as relief from the economy. the symbols plan -- the stimulus plan provides $130 billion to open schools and $2000 to families. jack, i have a million

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom: for the first time in ages, the vix is 23.71 going nowhere. futures in 15. i will call it correlated with yields. the tenure is struggling. i will leave bitcoin to francine because she believes in that coin and i don't. francine: i don't know if i believe in it but don't steal my thunder, it is the only thing moving. it is fluctuating around $38,000 after recovering from earlier this week. stocks are fluctuating. they are a little bit lower. the narrower -- the narrative has shifted from wow we have a relief package from joe biden to what happens next? are they going to walk it down because that will be pushback from republicans? i'll be going to see taxes rising to find it? it is interesting. tom: a state of the union address in february and the first one for a president is always interesting, always eventful. here is the state of the crisis address by the president-elect. mr. biden: a crisis of human suffering is in plain

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists andlysts in more than 120 countries. this is bloomberg. ♪ >> they want to get in cars in america travel about 200 miles, staying in small communities with friends and family. i think that will shift from mass travel to meaningful travel. i think it will be really eventful. tom: brian chesky, airbnb ceo with comments this morning. i want to point out this data has in the last two hours, -45 on futures has become negative eight. the vix comes in with a vengeance. it was out for big figures, and we are now only one what 53 points -- only 1.53 points. gamestop with a leap in the last 30 minutes, 364 -$364 -- $364. right now, none of the vaccine but the mystery of what to do with the vaccine and vaccinations. i am absolutely stunned and i went through it myself of what a manufacturing process is. you are an expert of the vaccine at the state level. why did the dakotas succeed and others have struggled? >> there are a lot of different reasons why you see certain states at the head of the list.

global news 24 hours a day on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. gerrans, this is bloomberg. francine: thank you. president trump and his advisors are expected to travel to texas to highlight what he believes is one of his biggest compliments, the wall his administration built on parts of the border. the president is planning at least one more round of pardons senior democrats say they will move to impeach president trump for the second time just over a year unless the vice president and cabinet remove him using the 25th amendment. let's start off with impeachment or the 25th amendment. how likely is it something happens? sick they are ahead with this resolution calling on vice president mike pence to invoke the 20th amendment -- 25th amendment. they are expecting an answer within 24 hours. if they don't get an answer, he's indicated he doesn't think it's the right way to go. they will then proceed with the article of impeachment and that could get a vote as early as wednesday. it has nearly a majority of repres

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. joe biden was sworn as as the 46th president of the united states yesterday. here is a look at the highlights. [cheers and applause] ♪ lady gaga: ♪ o say can you see ♪ >> one nation, under god, indivisible, with liberty and justice for all. vp harris: so help me god. pres. biden: all right! [peers and applause] -- [cheers and applause] jennifer lopez: [speaking spanish] ♪ let's get loud ♪ pres. biden: preserve, protect, and defend the constitution of the united states. >> so help you god? pres. biden: so help me god. >> congratulations, mr. president. [cheers and applause] pres. biden: we have learned again that democracy is precious, democracy is fragile, and at this time, my friends, democracy has prevailed. >> ♪ amazing grace ♪ >> there is always light, if only we are brave enough to see it. >> every human being, regardless of their choices, that thi

global news 24 hours a day on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans, this is bloomberg. francine: for the markets, the focus is in d.c. on stimulus talks and the fed meeting. earnings across the global give us a picture of how companies are doing. joining us now to talk about this is mark. good afternoon because you are based in singapore. what is the market looking at right now? mark: the biggest issue is the biden stimulus package and how water down or delayed that will be until it's delivered. based on a tweet from bernie sanders on how the budget reconciliation is. we can expect to be quite optimistic on what the package will be. i think we are not worried about any politics, more about the view of the economy. if they sound too positive that might be more of a negative market. francine: overall, how does the market look at some of these additional lockdowns. how they look at some of the fact are behind vaccine scheduling? mark: on the vaccine versus virus narrative there's a very differen

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i ritikacountries, gupta. this is bloomberg. tom? tom: thank you so much. equities, bonds, currencies, commodities. naz get -- nasdaq gets crushed. 214 large, nasdaq 100 points. red and green for the bigger blue-chip market makes shows that. of a in from 29, the angst few days ago. dollar weaker. in the yield space, watching that benchmark, the 10 year yield, 1.0% breached off the news from georgia, and a seven basis point move, 1.02% on the 10 year yield. the curve steepening on inflation expectations rising as well. francine? francine: it is all about treasury rates. everybody knows this, but democrats prevail in the senate, the thinking knows it will usher in -- the thinking goes that it will usher in more growth. one of the things that the so-called blue swing would do is change the yield curve, which currently is edging steeper, and i really want to spend a bit of time on the 10-year treasury, sending measures higher. i also want to look at europe in 32,292, e

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haslinda: still ahead, in our equality segment, we focus on how it worsens the income gap as millions of lost their jobs. we discuss this and possible solutions with abb director general for southeast asia. rishaad: next, chinese bonds emerge as a haven in the global selloff. will this continue? we will do that with belinda bao from blackrock. ♪ haslinda: you are watching bloomberg markets: asia. rishaad: jeffrey gundlach delivering his annual webcast with an interesting call say that asian equities are unfounded and asset classes high. a shout out to korean stocks. haslinda: he also sees more room to run for emerging markets which have benefited from the weaker dollar, and added bearish on the dollar in the short-term. he says investor portfolios should hold 25% commodities in some sort of real asset play. gundlach has turned neutral on bitcoin just as he is on gold. rishaad: for more, we're joined by belin

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am emma chandra. this is bloomberg. francine? tom? tom: futures up 13, dow futures up an equivalent 59. nasdaq does better, 13,085. the vix -- other than that, pretty much a turn to the market. i noticed the sterling buttressed up 1.37. 1.3696. jack ma makes an appearance, listing alibaba -- lifting alibaba. francine: i have been watching a lot more netflix. they have some great french movies on, tom. tom: i heard, yeah. francine: european stocks, tracking u.s. equity futures, tom. we had encouraging news. i'm looking at the luxury sector. burberry did not do so great, but richemont is having pretty good result in china. we speak a lot more about the inauguration and some of what president biden -- soon to be president biden will do on his first day in office. jason furman, harvard professor, joins us at six: 30 -- at six 1:30 a.m. in new york, 11:30 a.m. in london. and this is bloomberg. ♪ so you're a small business, or a big one. you were th

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. haidi: taking a look at some of the stocks we are watching going into the sydney session. we are taking a look at this rally when it comes to policy retail stocks. higher by close to 7%. a jump of 86% year-over-year. comparable sales growth. online sales jumping, about 14% of total sales. appliance and private products strong. harvey norman jumping in on that rally, up 2.5%. kogan.com, the online retailer, up about 2.4% at the moment. still ahead, we reflect on joe biden's plans for his first days in office. plus, we will be assessing the impact of currency volatility on companies. joining us later to talk about their latest report. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and ev

global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analystsn 120 countries. this is bloomberg. yousef? yousef: thank you very much. let's get you a snapshot of what is in the pipeline for the program. roman crisis. italy's premier is heading for a showdown with a key ally whose threatening to bring down the ruling coalition. the story, next. this is bloomberg. ♪ run us through the root causes of this crisis. maria: look at the situation overall. there are issues related to the recovery fund. who is going to use the money? how is that going to be used? who will control it? there's questions around the esm. whether to tap it or not to tap it. you have politics. political ambitions of the prime minister. also, it's interesting because their careers are moving different ways. he has amassed occur -- an incredible amount of power for the italian prime minister. these governments are usually shaky. he has managed to survive the pandemic. he has a lot of power related to the recovery fund. if you look at his influence, it has declined over years. to

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am ritika cooped up. this is bloomberg. -- i am ritika gupta. this is bloomberg. tom: i'm going to call a further turn in the market. we are beginning to see some earnings appear. yields, as francine mentioned, two basis point move. oil churns, and currency markets , no information. sterling buttressed right up just under 1.37. francine: there is a lot of news out there. treasury yields rising -- you mentioned that -- it is all suggestion that joe biden's relief plan will be at $2 trillion. there is a government crisis come a constitutional crisis, given italian politics have the way it works, it is unclear whether we will have a new prime minister, whether the current prime minister will have enough votes in parliament to form another coalition. i also want to spend some time on this french company, yesterday it was up 10% after a canadian grocer wanted to make an offer on it, and other french government is trying to block it. this is politic

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am ritika gupta. this is bloomberg. tom? tom: we greatly appreciate it. equities, bonds, currencies, commodities. on this fed day, a real stasis to the market. microsoft leading the nasdaq 100 higher. may be 4% -- maybe a .4% move. a little bit of a curve steepening. i would make note of that. dennis gartman on gold, i believe we do that in the next hour, and dollar, not much. sterling has my attention. they be the bank of england has shares in gamestop. francine: maybe. what i am most focus on -- focused on, an official told me that the ecb has the necessary tools to avoid further strengthening of the currency, and the euro fell on the back of that interview. that certainly had my attention. treasury yields holding steady. we find out more about the fed today after its first meeting of 2021, dollar edging up, bitcoin dipping below the 32,000 level. what is important about bitcoin, or the headline they grabbed my attention -- not sure what to

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. back to you. shery: still ahead, big earnings on deck in asia with samsung due out this hour. we break down the numbers with idc senior research manager. but up next, jerome powell makes it clear that the fed will not taper anytime soon but then fails to soothe investor nerves. this is bloomberg. ♪ - i'm doug hirsch. you may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues, you can see a doctor online. it's easy. just go to goodrx.com, and with a few clicks, you'll be treated by a licensed medical professional, all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doctor can send it to your pharmacy or have it mailed to you. get the healthcare you deserve at goodrx.com. haidi: the federal reserve is still a long way from start

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i'm ritika gupta. this is bloomberg. francine? tom? so much. thank you president trump pleaded with georgia election officials to find thousands of votes and change the state's election results. that comes from a recording of an extraordinary phone call that her place over the weekend. the president -- that took place over the weekend. georgia officials did not back down. tos. trump: look, all i want do is this. 11,000 780 to find -- 11,780 votes, which is one more than we have, because we on won the state. francine: joining us for the hour is the eurasia group chair. congratulations on the top risks 2021, always well thought out and well put together. when you look at u.s. politics, and the risks that president trump with that phone call has done to democracy, are we still going to be talking about this or ismonths, 24 months, it just something that will die down? we are still going to be talking about this. the main idea behind it is that this

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists ts in more than 120 countries. i'm karina mitchell. this is bloomberg. haslinda: taking a look at the markets, asian markets on a cautious start. some say the pullback is warranted given the optimism surrounding the $1.9 trillion aid package by biden. the csi 300 coming off a three-day losing streak after gdp beat expectations. 2.3%, and industrial production feeding estimates. the csi currently up by 0.2%. in the fx market, the dollar getting a lift. dow jones reporting janet yellen is expected to affirm the u.s. commitment of letting the markets decide dollar movement. currently, we have the pboc saying china's rates are appropriate, suggesting it is in no hurry to move on rates, even as it begins to pull back on stimulus. we have bitcoin inching down by 0.7%. rishaad: the asian forum kicks off in hong kong today. we have 160 influential politicians exploring global business opportunities. our next guest is a speaker at the event in runs one of hong kong's top banks. thank you so muc

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am laura wright. this is bloomberg. francine? francine: laura, thank you so much. malcolm president trump has become the first president ever to be impeached twice. the resolution was approved by all democrats in the house and 10 republicans. the president was accused of one count of incitement and of insurrection. the senate has already rejected requests to bring voters back on the pandemic to here are some of the comments on the debate on the houseful get -- house floor yesterday. speaker pelosi: we know that the president and cited this insurrection, this armed rebellion against our country. >> there is no way to help the country deal with the tragic events of last week that we all condemn. >> if we impeached every politician who gave a fiery speech, this would be deserted. >> he must not be remaining in power and a longer. >> we must impeach and remove the president. >> if inciting a deadly insurrection is not enough to get a president im

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ahead, anstill executive director joins us with his outlook for airlines stocks in the region. close andext, polls the counting starts in the crucial senate runoffs in georgia. the results will determine the balance of power in washington, and the fate of joe biden's agenda. this is bloomberg. ♪ is bloomberg. ♪ welcome back. markets around the world are awaiting the results of the georgia runoff elections that would determine control of the u.s. senate. polls closed amid record-breaking voter turnout, and now the votes are being counted. let's cross over to washington. it seems that georgia is too close to call. what might this mean for congress? wint means if democrats can both of those seats now held by republicans, we are going to have a tie in the number of ands in the senate, 50-50, incoming vice president kamala harris would have the tie-breaking vote. so essentially control of the senate is at stake. r

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i'm ritika gupta. this is bloomberg. and seen that francine, tom? tom: equities, bonds, currencies, commodities, some real ambiguity out there. we will see which way we go after the difficult friday jobs report. bitcoin -- i know francine is all over bitcoin, down 10%, 36,000 on bitcoin. fromportant article bloomberg on bitcoin today, really must-read. brent crude 55 point 13 per barrel. i don't know where to go. it is sort of a mush of the data check today. francine: i think weighing on the minds of investors that equities are running too hot and -- this is some of the thinking behind some of the questions that we were asking last week. bitcoin -- prices cratered. they were down 10% at the moment, but if you look at the mover of the last two days, they fell as much as 21% to as low as 2389. think it is a cautious move after the buying frenzy that swept global markets last week. we will have plenty more on the markets and how they intersect with

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i am ritikantries, gupta. this is bloomberg. tom? tom: thank you so much. equities, bonds, currencies, commodities. inures up, the vix comes from a 24 level down to 23.3. i am going to call it an equity churn. francine is riveted by bitcoin. i will let her talk about bitcoin in a moment. year,ercent in the 10 curve steepening out to a full stick, one percentage point. the dollar churning. lots of fx calls. i want to emphasize their has been a research shift from weak dollar to dollar neutral. that is at deutsche bank, george james lordublishing, and morgan stanley publishing. mccormick -- i got it. francine, i'm just waking up. mark mccormick just killed it yesterday on not a dollar neutral call but a dollar strong call. francine: you are like me. it feels like day 155 of homeschooling. tom: the week is almost over. francine: i spoke with a bitcoin miner earlier, tom. tom: why did i not know that? francine, what is a bitcoin miner? francine: ok, two stores. first o

global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> sadly, the person on the executive branch is a deranged, unhinged dangerous president of the united states and a number of days until we can be protected from him. but he has done something so serious that there should be prosecution against him. pelosi last night on 60 minutes. we will get to that in a moment with kevin cirilli. dow futures -244. yields come in so there's a correlated feel here right now. lisa very quickly, your dollar strength. everybody was so one-sided that the dollar had to fin

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. now the world economic forum is looking a little different this year, moving to singapore later in the year. next week will be the time when they will have a crucial year to build trust. this year could be a historic one. the pandemic offers the chance to rebuild better growth. klaus schwab, thank you so much for joining us today ahead of this virtual davos agenda. it is very clear that the devastation from the agenda could be felt far and wide, in terms of likelihood, in terms of people losing their jobs. how do we rebuild better, and is there progress for governments to rebuild better, or are they still fighting fire? dr. schwab: yes, of course, we are still in a situation where we have to fight for survival, but we also have to look at the future. it is now a crucial moment to rebuild the future, to reset our policies, and we are -- certainly we have

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am ritika gupta. this is bloomberg. tom? tom: i was going to do one screen today but i did two because francine is angry if i don't do two data screens. it is one churn in the market, the way i put it, with some dollar stability, yields, little bit off the festivities of the last two days. francine, i'm struggling here. ok, bitcoin. let me start our team coverage on bitcoin. it is lower, 34,561. i have no idea where bitcoin is going to be when we impeach today, francine. francine: i don't think anyone knows. euro is edging lower after european central bank's said it would keep an easing monetary stance as needed. we were hearing from christine lagarde moments ago. some of the equity markets are supported by m&a news. a french grocer rallying 10% after a canadian company is exploring a transaction, so there is a bit of m&a news. i would point, as you did, tom, to the two-year and 10-year spread, significant since the begin of the year. a house

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> allowing the president to incite this attack without consequences is a threat to the future of this democracy. for this reason, i will vote to impeach president. >> the majority is asking the house to assume a power it does not have. the house has no role of initiating section four of the 25th amendment and we should not pretend otherwise. that power lies with the vice president. >> free speech is under assault like never before. the 25th amendment's of zero risk to me, but will come back to haunt joe biden and the biden administration. as the expression goes, be careful what you wish for. jonathan: i cannot say enough about how our team finds the voices there. someone has been with me for years and he is wonderful at picking out selected voices. president, tom cole of oklahoma, one of the smartest people in the house, and john comfortable air -- and john, a republican making history saying he would impeach. --

global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is 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. i'm vonnie quinn. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. rob arnott, joining us in moments. he advises on more than $145 billion in assets. we will get his insights into what is ahead. we will talk to steve pavlik of renaissance macro about how business is going skittish with president trump, and what challenges lie ahead for the new administration. of we will hear from the ceo 10 extra nymex as he gives his attention to immune cells. let's get a check on the market as we see results from that 10-year option. 89%, so doing pretty well. this is the reopening of the november notes. 1.72%.624% versus traders were positioned for today's auction, as we heard earlier on. the 10-year yield, 1.16. not much movement there. equities were struggling for direction

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. joining me is the director of global engagement at the white house under president obama, here to talk about the week that was. to focus on need joe biden or try to understand what happened, you know, to president trump in the next 12 days? brett: well, i think there is a remaining focus on president trump and what transpired earlier this week on capitol hill, but the process is going to be a long one, and i think the aspirations of some democrats and even a few republicans to remove president days from office in the 12 that still remain before joe biden is inaugurated are unrealistic. that being said, i don't think that donald trump's legal troubles will be over when he leaves office. francine: brett, what is the number one thing that actually joe biden should focus on right now? how does he bring the country together after the week that we have seen?

global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. now, this sky word margin gamestop continues to accelerate. it rallied in another 40% in after-hours trading. the battle of day traders versus hedge funds. joining us to discuss is bloomberg's dani burger. first off, how much of a headache is this causing hedge funds? dani: it is interesting, as this battle is emerging, yes, it is causing a really big headache for these hedge fund managers, specifically melvin capital, an easy one to see where the pain is. hey, they doubled down on their gamestop that. they got a cash injection from steve cohen's hedge fund, saying hey, this is us going against the establishment, more or less. gamestop shares are up more than 70% already premarket today, and we have seen other hedge fund favorites to short have also moved higher as well. some in europe, too. one of the biggest short positions that melvin capital has in

global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts120 countries. this is bloomberg. manus: thank you very much. coming up, a new era. the biden era. sworn in as president of the united states. how fast can he get a stimulus package approved? we discussed. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aero

global news 24 hours a day in on bloomberg quicktake powered by more than 2700 journalists and analystsn more than 120 countries. this is bloomberg. manus, annmarie. manus: thank you very much. this is the company that provides to taiwan semiconductors. the machines that make the chips that make the phones go faster. first quarter net sales forecast to beat estimates. they are looking at executing a significant share buyback in the first quarter. they are confirming they see this year as being the year of double-digit growth. margins for this quarter will be 50% to 51%. euv, which is an incredibly important part of the asml story. they expect sales to rise by 30% to 5.8 billion euros. again, we are just seeing some pretty strong headlines on the first quarter net sales. 3.9 billion to 4.1 billion. the estimate was for 3.52. that is the scale of overachievement. i know you have recently bought me a gift but you have not told me what. can you help? annmarie: in your dreams, manus. really bumper numbers coming in on the company. sales coming and north of 4 billion euros. the estimate was f

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am karina mitchell. this is bloomberg. tom? tom: as we have seen over the last number of days, really a churn to the markets. we are at the 31,000 level on the dow, 30,886. and the vix is telling, so i'm going to suggest middle of the range that the equity market has been an. yields at 1.1% on the 10-year, brent crude 55.43. i'm struggling here. i haven't looked at bitcoin. oh, francine -- i will let you quote bitcoin. francine: there is always something going on with bitcoin. i immensely enjoyed joe rise and thaw on twitter with his remarks. global markets are climbing ahead of the speech by treasury secretary nominee janet yellen. she is expected to call for spans of government action to bolster the u.s. economy. we will see how that plays out in treasuries. for the moment they are climbing back to 1.1%. i have also spent time looking at the russell 2000 index of small-cap companies because he could come to a head in the first 100 days of jo

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists more than 120 countries. annmarie, good morning. annmarie: good morning, manus. it is a balancing act. opec-plus faces a tough task and it needs today, depending how much supply can be put in the market without derailing recovery. brent at 53 bucks this morning. this is bloomberg. ♪ ventas up -- it is "bloomberg daybreak: europe." the oil market rising for the fourth straight day ahead of the opec-plus alliance meeting later on. the group must decide whether to asp lifting output surges hit demand. the attorney general said the outlook for the first half of 2021 is very mixed, adding that there are still many downside risks. they juggled the team leadership role for the amina division. . glad to have you with us. normally we are hunkered in a bunker in vienna. we go into this meeting. put in context how tough this is going to be to decide to increase input. good morning. opec's decision today on whether or not to increase oil output for next month is going to be a very close call. , t

global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists andnalysts in more than 120 countries. i am ritika gupta, this is bloomberg. ♪ ♪ georgia, i am honored by the faith that you have shown in me. ,nd i promise you this tonight i am going to the senate to work for all of georgia. no matter who you cast your vote for in this election. >> there are a lot of boats out there. victory and weto are staying on it. the fabric ofs this fractured nation seen in those candidates. i believe that video of kelly leffler was from earlier to be fair to her. we heard from the rev. warnock of the ebenezer baptist church over this historic moment for the nation. tonock collected in georgia one of those senate seats. is still under careful discussion. stacey abrams giving congratulations to her candidate. onwill keep you updated that. kevin cirilli is our chief washington correspondent. his head is spinning with eight stories. this longave to go to drawn out process in washington today. is your washington riveted by it or is it just a process you are going to g

global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalistsnd analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: thank you so much. we are going to continue our coverage of the georgia runoff elections with two political scientists. alan abramowitz is a professor at emory university. zaino of iona college is still with us. there is not much polling in georgia for these elections. it is hard to see where the election is going. is there any way to predict what will happen tonight? alan: the main thing we have to go by is looking at the turnout in the early voting compared with the turnout in the early voting before the november elections. first of all, it's been very strong for a runoff election, over 3 million votes cast in early voting. that is a very high percentage for a runoff election. of course, lower than the general election. demographic at the composition of the voters in the early voting period now versus november, we see some differences. the biggest differences are race and geographical locations. the perce

global news 24 hours a day at "bloomberg quicktake" powered by more than 2,700 journalisted and analysts than 120 countries. this is bloomberg, manus, ann marie. manus: laura, thank you very much. goldman sachs races the growth forecast of the u.s. economy on the basis of joe biden's trillion stimulus plan. more to come, this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> we're in a very fast nominal gdp growth. we haven't had that during past recoveries. the way you deal with that recovery from a central bank perspective has to be different and clearly the fed is taking all of these inputs and from our standpoint, 150 to 200 companies around the world globally and what we see as an e

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus. manus: thank you very much. breaking news. they see 2021 through 2025 in terms of the sales targets. 5% to 6%, they are sticking to that. we will talk to him in a moment in terms of how we get there. free cash flow by 2025 will be 2 billion euros. when it comes to the actual numbers that we are seeing, on the fourth quarter adjusted ebitda, it missed estimates. it came in at 1.1 $4 billion, up 6.5% on the year. the estimate was for 1.13. margins, adjusted ebitda, 9%. up year on year from 17.9 percent and beating the estimate. it was the -- we saw a little bit of a drop in the margins. likewise, diagnostics and treatments. we will discuss the numbers with the ceo. he joins us shortly on the global pandemic, the numbers, the lockdowns. what does it mean for his group and the health of the world? this is bloomberg. ♪ manus: it's "daybreak europe." i am manus cranny, resident in dubai. growth and margin improvements. the f

global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analystsn 120 countries. this is bloomberg. matt: thanks very much. want to bring you some breaking news. an online retailer. i have to admit, i never know if it's akzo's or a sow's. a good friend of mine makes fun of me. it now says it sees full year fiscal, 2021 profit before tax at the top end of estimates. less than an hour to go to the cash trade watch. shares in a sow's -- asos this morning as it comes out with positive earnings forecast. the dollar extending its losses and treasury yields continue their retreat. that's after fed officials pushed back on the possibility of tapering bond purchases anytime soon. let's get into the markets live now with simon flynn, bloomberg's emerging-market strategist. what do you think about the fed minutes? how do you read them? simon: i think the fed statements so far have suggested , as you said at the top, that bullard and rosengren have been successful in putting u.s. yields back in their box, re-freezing -- refuting the hawkish members of the fede

global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am karina mitchell. this is bloomberg. tom? tom: thanks so much. equities, bonds, currencies, commodities. i have one screen with the vix at 23.04. dow futures down 2.29. there is no question about that, what we have seen here is finally an inaugural pause. francine? francine: stocks in europe. they're are looking at restrictions to curb, and that is stemming some of the optimism that we had over earnings. yesterday the ecb earning of -- i actually want to talk about your vaccine. you had the first dose yesterday, and was it a long time? did you wait long? tom: no, like a switch -- like a swiss watch, it was remarkable. it was amazing, the diligence over at nyu, to the people. i had no idea. what i got wrong, francine, was how assembly-line it is, and because of that, there is a focus among the nurses and their staff handling a lot of old people. i was the youngest guy in the room. francine: you always are, tom. and it is just like a flu shot,

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> there were others involved in this who frankly aided and abetted this. there are people who believe that by pandering to trump's base, pandering to this aspect of his base, it works to their own political benefit. and i think the rest of us in this country need to push back on that and say no you don't. u.s.jeh johnson, former homeland security secretary. that is an important conversation, as there are many conversations in your washington. we welcome you on radio and telev

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ over to you. haslinda: looking at the markets, it is a risk on friday, asian markets poised for an eighth weekly gain. we saw that everything rally in the u.s. overnight, u.s. stocks plowing higher despite the right at the u.s. capitol, obviously looking past that and the next administration. the administration index currently up by almost 1%. the u.s. 10-year yield continues 1.1%, everloser to so close. csi 200 index currently flat. flip the page, look at had theies, we have commodities space at multi-year highs on that blue sweep expectation and stimulus as well. we have coin above $40,000 for the first time, doubly value in just one month, currently just below that, inching down 5%. looking at oil, the highest in 11 months, inching back to pre-pandemic levels, $51.07 right now. this report is coming from cnbc saying treasury secretary steven mnuchin and secretary state mike pompeo are among cabinet secre

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell, this is bloomberg. anchor 2: still ahead, they say all good things come to an end. if that the case of bitcoin? for two decades, u.s. markets have flooded chinese companies. with forced to listen, does the way dry up -- for steel listings, does it dry up? we examine that. this is bloomberg. this- i'm dough hirsch. you may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues you can see a doctor online. it's easy. just go to goodrx.com and with a few clicks you'll be treated by a licensed medical professional all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doctor can send it to your pharmacy or have it mailed to you. get the healthcare you deserve at goodrx.com. dalton, georgia where president trump is holding a rally ahead of the senate ru

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists andnalysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> the internet is very loud if you are listening to the wrong channel, i guess, and the market behaves pretty well considering how angry the mobs were. frexit points out there is a lot of activity in finance and financial markets that is not particularly productive or particularly rational, and there is a need for adult supervision. >> what we have learned is there is a group of people that are not being considered, and there are people making markets. we have to take it seriously, understand it, and they will be a driving force going forward. jonathan: you heard from larry summers who believe people need adult supervision, marcelo, the softbank international ceo. i am not going to comment on any of that. down 20 9 p.m. the market retreating a little bit on the session and on the week -- down 29. the market retreating a little bit on the session and on the week. tom: there is some resiliency. you wonder why th

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ wanna lose weight and be healthier? it's time for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. ♪ pres. trump: if the liberal democrats take the senate and the white house -- and they are not taking this white house. we are going to fight like hell, i tell you that right now. [cheers] tom: right now, there's been so many topics. we know you watch "surveillance" all morning. we've talked to kevin cirilli it.t forget about it. history time with our chief washington correspondent. kevin, i am thrilled to do th