ons is "balance of power" bloomberg tv and radio. ♪ [ electrical buzzing ] [ dramatic music ] ahhhh! ! elliott. you came back! vonnie: from new york, this is "balance of power." i'm vonnie quinn. kevin: i'm kevin cirilli. for bloomberg first word news go to mark crumpton. mark: russian president vladimir putin and ukrainian president zelensky are meeting for the first time today at a summit in paris. both leaders are sitting down with french president emmanuel angela merkel, hoping to find a way to end the five years of fighting in eastern ukraine. that conflict has killed 14,000 people. ukrainian protesters are pressuring president zelensky not to surrender too much to president putin at their first a meeting. north korea is taking a personal swipe at president trump saying his recent comments make him sound like a "heedless and a radical man." the statement by north korean official kim jong toll comes ahead of pyongyang's self-imposed year-end deadline for a breakthrough in nuclear talks. mr. trump tweeted north korean leader kim jong-un was too smart and had too much to lose to ren

and that bloomberg tv voter at the least is scared of elizabeth warren. >> yeah. of the bloomberg voter is in the wheelhouse of the warren campaign, they're doing it to get free media, which she has achieved, we're talking about it, but obviously they're not going after the average bloomberg viewer. i think what warren has realized as she's started to come down a bit in polls, is the medicare for all debacle has hurt her badly. she needs to expand her reach and reach people of color and reach people who are a little bit more moderate, so this may be an effort to do that. >> can elizabeth warren, a purist, walk away from medicare for all. now we know how it's getting paid, the wealth tax, she continues to say it's just 2 cents on billionaires and that's factually incorrect but hasn't walked away from it. >> i agree with matt it has been such a disaster for elizabeth warren, the fallout, she hasn't been able to stop. she needs to put a tourniquet on it and end the bleeding from this debacle, but she was the woman who was supposed to have a plan tofor everything and

don't miss our coverage on bloomberg tv. bloomberg. ♪ ♪ polls take away from the is that the tories are ahead but that the gap is narrowing. we don't know how much more it will narrow between now and thursday. >> surprises are unlikely. we hope for at least that there will not be a hung parliament. there will be some majority in favor of some decision-making process. >> there is a lot ahead of us but i think a workable majority in the election on friday gives angel of confidence to the financial markets, -- gives a jolt of confidence to the financial markets, the currency markets. >> -- the more authority the prime minister will have to take britain forward. i think it is important we have a clear mandate after this election to get written moving again. -- britain moving again. nejra: those were some of our guests reacting to the u.k. election. joining us now is anna rosenberg atead of europe and u.k. signum global advisors. [audio drop] anna: going down somewhat. a few weeks ago, the conservatives had a chance of winning by

jonathan: welcome to bloomberg tv and bloomberg radio. news on the recent jobs report, we are joined by larry kudlow, national, counseling director. is kudlow: the key point america is working. america is working. it is the morer cynicism, the fact is the jobs numbers are actually getting better in recent months. around,d 266 this time plus 41,000 revision from the two prior months, so that gets you above 300,000. certain is despite a amount of pessimism, the economy is outperforming expectations. economic policies from the president are working. america is going back to work. i just think that is crucial. you know what, jonathan? i can't remember who wrote the , my pal over at the economic institute -- anyway, america is a happy place when it's working. i mean that. placeerica is a cranky when it is not working. and i think as this new rebuilding of the economy with new incentives from taxes and regulations and energy and protecting ourselves on trade, as the numbers come in, as people come out of the woodwork, as the production workers

she will be back on bloomberg tv at 5:00 eastern from san francisco with "bloomberg technology."our global battle of the charts. this is bloomberg. ♪ vonnie: time for our global but of the charts. you can see them on the bloomberg by running gtv . kicking things off is ritika gupta. ritika: my chart shows the u.s. is getting the upper hand over china in the trade war. the shanghai composite relative to the s&p 500. you can see the downward trend, the yellow line, over the past years. if we go back to march, chinese shares outperformed u.s. shares in a big way. they have struggled to find momentum. u.s. shares have soared. why the switch this year? trade is obviously a big factor, but it is also the diverging monetary policy stances. the feds dovish tilt has supported u.s. stocks but in china they are taking a more prudent approach to stimulus. with the u.s. presidential election next year and the fed indicating it is in no rush to cut rates further, markets could be volatile in 2020. it will be interesting to monitor the direction of this white lie next year in relation to th

the function gtv on your bloomberg allows you to rouse all of the recent charts featured on bloomberg tvon what you missed and save your favorites for future reference. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." here for first word news is courtney donohoe. abigail: at least four killed at in pensacola, florida -- at a naval base. it is the second shooting this week to take place at a naval base. and injuredt two another before killing himself at pearl harbor base in a wahoo -- in oahu. the government is processing up occasions from chinese companies buying u.s. products such as soybeans or pork. u.s. and chinese negotiators have signaled that they may be close to agreeing on the first phase of a trade deal. a new bloomberg survey of economists say the european central bank is done with cutting interest rates. that is despite persistent downside risks to growth. as to those with bonding to the survey say monetary policy will be on autopilot for the next two years. global news 2

ons is "balance of power" bloomberg tv and radio. ♪ carol: this is "balance of power " on bloomberg televisionnd radio. i am carol massar in new york. kevin: i'm kevin cirilli in washington, d.c.. here with us in washington is republican strategist eric wilson and from san francisco, democratic activist we can mitchell. i will start with you. these developments with regards to the email with ukraine 90 minutes after the phone call between president trump and president zelensky, will that change the dynamics? debate over whether the articles will go over, who has to send them, it is distinction without a difference because nancy pelosi already made her democrats walk the plank and vote for impeachment, especially those democrats in those districts president trump once. i that we have the same question. i am curious about what kevin just asked. has any of this changed in terms of the ukraine timing and the conversation the president had with ukrainian president? does any of this change your thinking about the impeachment proceedings? the republicans in the senate have made it clear they are goin

. ♪ shery: we want to welcome viewers on bloomberg tv and listeners on bloomberg radio for a specialnterview. a candidate for u.s. president who is promising to disrupt status quo for wall street. joe weisenthal joins us with the special guest. joe: thank you very much. i am pleased to be joined by senator elizabeth warren, running for president. you are on bloomberg tv. boss ises are -- our running against you. senator warren: i've heard that. joe: so have we. from what i've heard, he is spending perhaps more than all of the other candidates combined on tv ads, i think with the exception of the other billionaire in the race, tom steyer. how much is this, for you, evidence of the need for a wealth tax? senator warren: i'm capitalist. i believe in capitalism, but ,arkets without rules are theft and part of those rules are that everybody is supposed to pay a fair share on taxes so we can reinvest in opportunity for all of our kids, and that is what a two-cent wealth tax is for me. your purse -- your first 50 million is free and clear, but your 50,000,001st dollar, you got to pitch in t

david: from bloomberg world headquarters to our tv and radio audiences worldwide, i'm david westin. this is "balance of power" on bloomberg television and radio. we are joined on the telephone by u.s. commerce secretary wilbur ross. thank you for joining us. let's start with usmca, our successor to nafta. now passed by the house. what will be different about our trade with canada, mexico once this goes into effect? wilbur: several things will be different. first of all, the farmers will because those two countries, canada and mexico, are our number one and number three markets for agricultural exports. problems withn our exports imposed by the countries, particularly canada, has been very restrictive of our wheat and dairy. that is one thing. the more important thing, in some ways, are the new rules of origin, which will guarantee many more automotive jobs coming back to the u.s. that had been sent overseas by the poorly drafted rules of our -- origin in the original nafta. 75,000eve there will be new jobs created in automotive, a total of at least 175,000 in all sectors of the econo

welcome to our listeners on bloomberg tv and bloomberg radio, this is a u.k.lection special, "brexit and beyond." we spent the last poll -- we spent the last 40 minutes exit poll,he conservatives winning 30's -- 368 seats, an 80-seat majority, strong majority, pound jumping more than 2% versus the dollar in an emphatic response, up by 2.64% right now. ian, good to get your take on this, we have ed lines around trade, which we will get to. ian, let me get your take on the the u.k.tion -- election. the big majority, what is this mean if the exit bowl comes to life -- the exit poll comes to life force? will change matters dramatically when we see the actual result. the polls won't be off by that much. is therehat it means is a lot of independence for a fairly nonideological boris johnson to pick's cabinet and get a brags he think he can get itself, mucheans less of a change from where we may he's with theresa a vastly more talented -- theresa may. he is a vastly more talented proposition -- politician. and he fought an actual victory the mostike farr unsuitable c

we will bring you special coverage right here on bloomberg tv. don't miss the action taking off thursday night, 10 p.m. u.k. time. we will be speaking to economists, investors and the uk's shadow chancellor. before that, the secretary-general of the international chamber of commerce. bloomberg. ♪ anna: welcome back to the european open. we're expecting to be in a holding pattern with most of the vote here and waiting central-bank decisions. showsy anticipated pole the tightening race in britain's election. the latest survey forecasted conservatives will win 339 seats , less than half calculated last time. that leaves open the possibility of a hung parliament. let's get into the conversation in more detail. joining us in london is chris from the icc. very good morning to you. thoughts onget your how much business is being listens to throughout the process. i suppose icc members want to shape policy and give thoughts on the way. policy is playing out. . is anybody listening? chris: i don't think they are. frustration.mous we are facing an election

this is bloomberg tv. ♪ scarlet: i'm scarlet fu and this is etf iq, where we focus on the risks and rewardshe brought that fund that did so well in the last decade. remember that old saying

this is bloomberg tv. ♪ >> you are watching the best of bloomberg daybreak middle east.fer for the aramco ipo. of $44.3 billion. world leaders gather in london for the 70th anniversary. a war of words between the president of france and turkey. trade concerns come flooding back. the u.s. to slap fresh tariffs on chinese goods. ♪ >> we began this week with the news that saudi aramco's public offering

this is bloomberg tv. ♪ ♪ >> i am taylor rags in for emily chang. e best -- i am taylor riggs in for emily chang. this is the best of bloomberg tech. theng up, expedia joins ranks of those losing a ceo. larry pages googles and sergei brennan. -- sergey

this is bloomberg tv. ♪ francine: how do you breathe life into one of europe's biggest lenders? ask jean pierre mustier. the frenchman has led italy's biggest bank since 2016. under his leadership, it has posted higher earnings and stronger capital. it's also changing the way it is run, down to making fiat the ride of choice instead of luxury cars. today on "leaders with lacqua," we meet jean pierre mustier, the chief executive of unicredit. jean pierre mustier, thank you so much for joining us. what does it mean being a banker

this was bloomberg "real yield"" this is bloomberg tv. ♪ taylor: i am taylor riggs in for emily changhis is the "best of bloomberg technology," where we bring you all of our top interviews from this week. chipmaker rally, micron hits the highest price in 18 months after the company reports earnings. we will break down the numbers as semi-conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house? we explore amazon's delivery system as it ditches ups and fedex.

this is bloomberg tv. ♪ [ dramatic music ] this holiday... ahhhhh!!! -ahhhhh!!!nt friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! manus: watching the best of bloomberg daybreak middle east. t again in lebanon. qatar's foreign minister tells bloomberg that his nation has held discussions with saudi rifts.about mending in saudi arabia's biggest bank has scrapped plans to reconcile with its rival.

election on bloomberg tv. t it until 10:00 p.m., when -- closing -- pole it polling closes in the u.k. that is one we have the exit polls. this is bloomberg. ♪ ♪ >> it is telling you this is a fed that is on pause for a long time. >> it reflects that the fed is groping in the dark. we are not getting wage acceleration or inflation here, so why is nehru above 4%? >> the next move is predicated on inflation so the fed will try to keep inflation from going further down. >> this is a fed tilting towards accommodation because of the risks of the outlook. >> the next move is probably a cut, not a hike, because of inflation and the risks. >> inflation spending is negative, factory shipments are going negative, so taking away the biggest part of the economy, consumer spending is holding up, so it is consistent. >> even if they start raising rates, they are barely raising rates. this is a far cry from normalization. consistent, a real coherent, all tied together message. tom: terrific coverage led by scarlet fu yesterda

this is bloomberg tv. ♪ david: he grew up in a trailer park in florida, where his father parked an oldbut their modest means did not keep his parents from teaching their children to help those less fortunate. his circumstances did not get in the way of his dream to become a doctor. at duke, paul farmer studied medical anthropology, merging medicine with his mission to help those in need. before harvard medical school, he took a one-year detour to haiti. there, he saw friends die simply for lack of resources and adequate medical care. that spurred farmer to create partners in health. from peru to prisons in russia,

taylor: the dallas fed president , robert kaplan weighed in on , the credit market, telling bloomberg tvthose tighter spreads might be cause for concern. >> b and bb credit spreads are so tight. bbb spreads are very tight. if i see evidence that the market is distinguishing between lower-quality credits and better credit, i think that is an encouraging sign. my bigger worry is, you have got increasing pe's, historically low cap rates, tight credit spreads, and i'm just keeping a close eye on excesses and imbalances. taylor: john, do you agree, with the fed president tight , spreads, a cause for concern? john: one thing he highlighted that is true is that there has been some differentiation this year. higher-quality has outperformed, ccc's have lagged, a little bit of recovery in december, but still disappointing performance this year relative to the broader market. that is an important point. in that environment, managers that have the ability to do the fundamental credit work and differentiate between names and sectors, are really best positioned to outperform. our team has done a great

bloomberg businessweek, live from our bloomberg directive broker studio on bloomberg radio and bloomberg tv. there we are, the equity average records. >> so many record highs, 30 record highs we've hit on s&p this year alone. aren't some major catastrophe over the next four trading days. this is going to be the second best year this decade and the fourth best year going back three decades. -- it istty remarkable pretty remarkable. and we finished pre-much for highs at than the session. higher, 338names and one hunter 59 lower and eight unchanged. themajor industry groups in s&p 500 for the day overall, we can see that everything was up. at the top of the pack, consumer discretionary, communication services and i.t.. health care the laggard down 1/10 of 1%. what are you watching? >> you mentioned amazon, the biggest percentage gainer in the s&p 500 but the biggest point contributor as well. apple had another all-time high, up 80% on the air. one year ago people were talking down apple saying this pivot to services was not going to work, people were not buying iphones and what a difference a

if you have a bloomberg terminal, check out tv . n check out the charts and graphics, interact with us directly, and check out anything you may have missed. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." a u.s. antitrust investigation into amazon has expanded. investigators are now looking into its massive cloud computing does this. the ftc asking software its unit.about amazon declining to comment. erickson close to resolving a long-running u.s. corruption investigation. bloomberg has learned a deal could come for the swedish telecom equipment maker. the investigation involves potential bribery in six countries. ready to take on other studios. by 2025, they want sales to catch up with the american gaming giants. playrix has already turned two into billionaires. alix: we turn now to wall street beat. first up, saudi aramco ipo. ceo -- petrobras' ceo talks about that. and what caused rates to spike after september owes -- after september's repo? and a startup with no human traders, the firm quadrupling revenue. joining me

. ♪ anna: welcome back to our viewers and listeners on bloomberg tv on bloomberg radio. a u.k. elections special, "brexit and beyond." let's go beyond. let's get european reaction from our reporter who is live in brussels. maria, this is a brexit poll at the moment but in terms of certainty brussels was looking for, if this brexit poll proves reliable, it seems brussels has more certainty. maria: they do. and european leaders are meeting her behind me. they are keeping a close eye on the u.s. election. us if itofficials tell is confirmed, again this is a poll, but if confirmed it is good news for the eu. time,e for a very long european officials have wanted clarity from the u.k. we are always told the u.k. government and u.k. parliament speak with the same voice. now they believe that if the polis confirmed we will see the u.k. leave the european union in january. we are going to see that deal and it is going to be done in a way that prevents chaos. this is something the europeans were always crystal clear about, they wanted the u.k. to leave under the terms of a deal th

remember the function gtv on the bloomberg allows you to centse all of the re charts featured on bloomberg tv. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." let's check in on the first word news with courtney donohoe. president trump has another round in the legal fight with congress over his financial records. an appeals court ordered budge bank and capital one to turn over records to lawmakers. if that doesn't work, it could go right to the spring court. court -- to the supreme court. macron says he stands -- a veiled threat to the u.s. from north korea. kim jong-un's regime says it is preparing a choice of what it calls "christmas gifts" to president trump, the latest effort to pressure more concessions in nuclear talks. from testingined nuclear bombs and missiles, but has warned he might take "a nupathe -- "a new path." hong kong executive carrie lam ruled out making any political concessions to protesters. global news 24 hours a day, on air and on quicktake by bloomberg, powered b

your destination for bloomberg, tv .his is bloomberg. ♪ manus: it is time for boris to get to work. clears the path for brexit to finally get done. are approved by the prospect of progress. >> degrees no hard border between north and south. guarantees the protection of the travel area. the citizens rights will be protected. getting the executive assembly up and running in northern ireland is absolutely critical. >> we are pleased it is a clear outcome. make headway in either direction. >> the clarity has come. it can be ratified as soon as possible. for an exit on january 31. therefore, i welcome this moment. >> they won the election by telling everybody he wants to deliver. it is time for delivery. manus: the voice in europe this morning. would say the u.k. has more leverage than the eu them before, why? the u.k. parliament, thanks to the majority. aboutis some willingness the eu leaders to get through this. it thinks about a very important the need to find compromise on this. yes, it is a relief. brexit. hard we will g

bloomberg. direct to consumer tv options have been popping up challenging netflix and hulu.reaming wars. it does not seem to be going .way anytime soon or it >> cutting the cord. there is an endless amount of content to watch and it doesn't seem to be getting any shorter. for the most valuable companies on the s&p 500 will introduce their own streaming services. they are spending billions of dollars in order to defeat with netflix, amazon and hulu. and apple tv plus kickoff in november. does the plus costs have as much as netflix and offers a library of programs designed to be irresistible to families. apple tv plus is cheaper but only has a small library of original programming. two other services to watch out for, hbo max and peacock. theirre people who cancel cable and satellite subscriptions and the higher netflix stock rose harder a guide for those companies to ignore the change. in an october poll of u.s. consumers with broadband internet, 63% they watch their favorite show online. with u.s. producers making at least 100 more shows, the pace doesn't seem to be slowing

muchi basak, thanks so from our banking reporter here at bloomberg tv. kenmiller is back taking risk. the hedge fund manager, widely considered the best of his generation, is bullish going into 2020. he spoke with bloomberg's erik schatzker in an interview that airedthe simmer 18th -- december 18. stanley: you have very low and employment here. you have fiscal stimulus in japan. we are wanting a $1 trillion deficit. apparently we will have some sort of green stimulus in europe. we have negative real rates everywhere, and negative actual rates a lot of places. so with that kind of unprecedented monetary stimulus looked up to the circumstances, it is hard to have anything other than a constructive view on the markets and the economy in the immediate term, so that is what i have. erik: because everywhere you turn, you are being encouraged to take more? stanley: i don't need to take more. i have enough. but i just have always believed usually withns end tight monetary policy or credit problems, and i think what we are doing is definitely borrowing from the fu

remember, the function gtv on the terminal allows you to browse all of the charts featured on bloomberg tvsave your favorites for future reference. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." let's check on first word news with viviana hurtado. viviana: tomorrow, the u.s. house set for a historic vote on impeaching president donald trump. moderate democrats are starting to announce how they will vote, most announcing they will impeach. one first-term congresswoman from michigan says she was told the end vote would be of her short political career. boris johnson will change the law to ensure a brexit transition period will not be extended, setting up the possibility of a new deal exit at the end of next year. the eu warning is unlikely they would be able to complete the kind of deal johnson wants. pope francis has abolished the so-called pontifical secret used in past sexual abuse cases. the high degree of --fidentiality has protected opposition leaders calling for a nationwide protest on thursday. the law bars undocu

remember the function gtv on the bloomberg allows you to browse of the recent charts featured on bloomberg tv. catch up on key analysis and save your favorites for future reference. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. welcome to the european close on "bloomberg markets." let's check in on the bloomberg first word news with courtney donohoe. saudiey: a big debut for aramco. shares trading in riyadh after the world's largest ipo. the stock jumped to the daily 10% limit, and that gave remco a almost $1.9 of trillion. in jersey city, the mayor says the gunmen in a shootout targeted a jewish market. the attack left two people dead, including a police officer and the two suspects. officials have not yet called it a terrorist attack. wanted to make a correction to our report from early today. we incorrectly said citadel securities trading revenue was above morgan stanley's. actually, morgan stanley's trading net revenue was $13.8 billion, well above citadels $3.5 billion. global news 24 hours a day, on air and on quicktake by bloomb

there are numerous people, probably many uber tv viewers, who suspect other -- many bloomberg tv viewerspect otherwise. i don't put a lot of weight on these predictions, but under a warrant administration, would the performance of the stock market be something you care about? senator warren: what i care fort is in economy not just the millionaires and billionaires, but for all americans. what is happening to working families across this country? it has been a generation and very little growth in income. at the same time, families are squeezed for housing, health care, child care. families take on more and more debt, they are squeezed harder and harder. by the way, that is part of why i want to see a wealth tax. it is what we can do with that wealth tax, how we can invest in an entire generation of young americans. a technicale: question about the wealth tax. there are people with over 50 billion -- $50 million who have a lot of their money tied up in a liquid stock. i always hear people in silicon valley talking about this. it applies to one of your rivals, our owner here. a wealth taxvy

have more analysis on the impeachment process ahead when the white house assistant press joins bloomberg tver, but up next, we will preview the bank of japan decision do later today. this is bloomberg. ♪ paul: this is "daybreak asia." i'm paul allen in sydney. shery: i'm shery in new york. the bank of japan wraps up its last meeting of the year later today and is expected to hold steady once again. kathleen hays is here with the preview. we have some newfound optimism. kathleen: think about it. for the last six months of this year, it has been pessimism. will the boj have to add more stimulus? what can we do? could they make the negative rate more negative? could it even make a difference? fiscalinister abe's package i put at the top of their list. look at the bloomberg terminal and we will see why this is so important and such a big relief for so many people, including the bank of japan. you can see how you're are looking at retail sales, and you can see 2014, the first big drop down where the red lines are. that actually preceded a big drop down below. you can see what happens, and you ca

the function gtv on the bloomberg allows you to browse all of our recent charts featured on bloomberg tvcatch up on key analysis, save your favorites for future reference. this is bloomberg. ♪ ♪ vonnie: biogen has been halted. it was down 0.9% before the hold. finalizing details of a re-dosing study of their alzheimer's treatment. we had learned earlier that some data showed that it didn't reduce a decline in patients that had undergone a trial, and that was negative the stock. it is set to resume trading in about 30 minutes. biogen saying it is finalizing details of a re-dosing study of that same alzheimer's drug. guy: let's check in with the bloomberg first word news. here with the details, ritika gupta. ritika: house democrats will draft articles of impeachment against president trump. house speaker nancy pelosi says the president's actions are a profound violation of the public trust. rep. pelosi: the president leaves us no choice but to act because he is trying to corrupt, once again, the election for his own benefit. the president has engaged in abuse of power, undermining our nati

the function gtv on the bloomberg allows you to browse all of the recent charts featured on bloomberg tv. catch up on key analysis and save your favorites for future reference. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. "bloomberg markets"bloomberg iskets this is. -- this "bloomberg markets." let's check in on the bloomberg first word news. here's mark crumpton. senatoraska public and -- alaska republican senator lisa murkowski says she is "disturbed" by majority leader theh mcconnell's stance on upcoming impeachment trial, a rare dissent in a party that has an largely unified behind the president. in hong kong, more rallies are being held today in shopping malls. protesters are hoping to attract attention to their cause by forcing malls and stores to close. on christmas day, police fired tear gas and dispersed demonstrations inside a mall. two dozen people were hurt on christmas eve. this comes at a bad time for hong kong retailers, who have seen their sales plunge over the past six months. . the turkish government will ask its parliament next month to authoriz

the function gtv on the bloomberg allows you to browse all of the recent charts featured on bloomberg tv. catch up on analysis and save your favorites for future reference. this is bloomberg. ♪ ♪ york, i'mve from new vonnie quinn. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news. here's mark crumpton. mark: european commission president ursula von der leyen tells a french newspaper she is worried by how little time is a long-term trade deal with the eu by the end of 2020. she says that as optimistic. after a landslide primary victory, is really prime minister benjamin netanyahu is looking ahead. he will need a big win in elections in march to stay ahead , and gain an majority in parliament willing to grant him immunity. in australia, temperatures soared to a blistering 108 degrees today, 42 degrees celsius. further east, firefighters continue to battle brushfires, trying to gain more ground on the blazes for a heat wave hits this weekend. about 70 fires are burning across australia. nearly half are not contained. they have destroyed dozen

you can catch all of our interviews on bloomberg on tv . s bloomberg. ♪ >> i am a mark crumpton with bloomberg first word news. the united states and china are planning the formal signing of the first phase of a trade deal between the two countries. present trump tweeted he had a very good talk with the chinese president xi jinping about the agreement. he said china has begun making large-scale purchases of american agricultural products. mr. trump said that to you also discussed north korea and hong kong. the u.s. is closely watching north korea for signs of a possible psy launch or nuclear test in the -- missile launch or nuclear test in the coming days that officials are referring to as a christmas surprise. a significant launch or test would mean the end of north korea's self-imposed moratorium and raise tensions in the region. pyongyang warned of a possible christmas gift in early december, saying that trump a ministration was running out of time to salvage nuclear negotiations. we were reporting moments ago that boeings star liner caps

bloomberg users can interact with the charts shown using gtv , browse recent charts featured on bloomberg tvy analysis, and save charts for future reference. this is bloomberg. ♪ [ dramatic music ] this holiday... ahhhhh!!! -ahhhhh!!! a distant friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! ♪ i am mark crumpton. south korea and china are hoping to mend fences. summit int at a beijing today saying they want to improve relations. ties between the countries note 2017.in in spain state prosecutors are asking a judge to maintain the arrest warrants for catalan later and his colleagues. the two are tempting to take seats in the european parliament. there wanted for a succession bid by the government and separatist lawmakers. belgium after the attempt failed. one democratic lawmaker says he is keeping an open mind when it comes to impeachment. alabama senator judge jones says his colleagues have some gaps in their case. jones

ons is "balance of power" bloomberg tv and radio. ♪ david: this is "balance of power" on bloomberg televisionnd radio. i am david westin. no one expects the federal reserve to change interest rates, but that does not mean there is nothing for the central bank to address. whether it is the big issue on repo or where we are going next with the dot plot. here to take us through it is michael gapen, barclays chief u.s. economist. what you expect? michael: nobody expects the fed to do anything. the message will be the economy is in a good place and we think monetary policy is that right as long as the outlook evolves in the way we expect. the real issue is what constitutes a material change in the outlook? the fed is saying we think we are in a good spot, but if there is a material change it will change. a lot of the questions will surround that issue. david: what is that driven by when you say material change? is that labor participation? is that the unemployment rate? michael: it is easily to come up with answers how they more. weaker growth or inflation not rising as they expect in the forecast

>> i mean, i'm not sure what bloomberg tv's actual awe audiee is. h bloomberg are probably in the financial industry, they probably already have an industry of elizabeth warren one way or another. but this is part of a general strategy beyond just trying to reach people who watch bloomberg. if you recall a month or two ago, senator warren took out an ad on cnbc attacking their own contributors, attacking billionaires on that. i think this is a general strategy to really bring the fight to the billionaires' doorstep. cheryl: elizabeth warren seems to scare a lot of folks on wall street because of her progressive plans and the way she plans to pay for those plans. thank you very much for being here. >> thanks for having me. ashley: now on to this issue that's getting a lot of play. peloton responding to backlash it received for a recent advertisement. the company says while it is disappointed at what it calls the misinterpretation of the commercial, it also received an outpouring of support from those that understand what we are trying to communicate,

tv and radio audiences worldwide. i am kevin cirilli. vonnie: from bloomberg world headquarters in new york, i am vonnie quinn. i'll come to "balance of power" where the world of politics meets the world of business. major news over the weekend. abigail doolittle is here. we had the phase one completed. ,bigial: phase one completed though it has not been signed. that is possible nuance. we are off to the races, climbing the wall of worry. another set of record highs in the u.s.. a lot of the sectors, including the financials have not been an -- have highs in's 2007 sincet in all-time highs 2007. behind all of this, looking back in early january, jerome powell went dovish and that seems of created this lift. on s&p 500 up more than 25% the year, headed to its best year since 2013. of high frequency data we were waiting on. example, the sox index, why is that rallying? abigail: it has mainly to do with trade optimism. a good portion of the chip companies from china, a good portion of the supply chain. investors hoping the important shift is coming out of the bottom and phase and if 5g goes ahead, that create a m

we will be bringing you special coverage on bloomberg tv as soon as the u.k. polls are closed. s tomorrow. the action starts off at 10:00 p.m. tomorrow night, and this is bloomberg. ♪ francine: "bloomberg surveillance this is "bloomberg surveillance -- this is "bloomberg surveillance." let's get to the bloomberg business flash. viviana: we begin with the world's largest ever ipo, saudi aramco shares rising 10%. it instantly both the stock market in saudi arabia. saudi aramco is worth $26.5 billion. along with three independent directors in a dispute over how to address accounting problem. after anrofit forecast external review found irregularities. boeing finally reporting the year's first official orders for the 737 max. the plane maker says it has lost 30 service of the hundred aramex the air max. barclays capital that team analyzed 2.5 billion trips in new york city. they said the pair could charge more for an operating profit with only a modest impact on volume. both comedies are currently heavily lossmaking. that is your bloomberg business flash. francine: let's get back to

bloomberg? >> one of the more interesting ones is elizabeth warren, who has launched a tv ad targeting the mayorimself, singling him out saying it would be a lot cheaper for bloomberg to spend a few hundred billion and buy the presidency instead of paying the higher taxes she thinks billionaires like him should be paying. >> o'donnell: there is more of gayle king's exclusive interview with candidate mike bloomberg. that's tomorrow on "cbs this morning." tonight there is a new recall involving more than one million takata airbags. what's different this time is that one car company is telling thousands of owners, "don't even get behind the wheel." kris van cleave has more on a potentially deadly defect. >> reporter: if you have a 1999 bmw 323i or 328i, the automaker is telling you do not drive it. in a crash, its takata airbag could explode sending shrapnel into the cabin or simply not inflate at all. this new takata defect is in airbags produced between 1995 and 1999. it's been linked to at least one death and a handful of injuries worldwide. automakers including toyota, honda, and audi are now s

on an entirely different story, kevin cirilli, bloomberg tv and radio chief washington correspondent. biden holds a narrow edge over donald trump in a head to head matchup in florida. we are starting to see polls where it looks like trump could be beat? kevin: according to these new polls that have just been , former vice biden president leading president florida and 45% in ahead in virginia. president trump maintains a steady lead against senator warren. theou looked about electability argument the biden campaign has been making, they have been consistent, and this poll would embolden them into the new year. senator elizabeth warren's fundraising numbers have dipped while joe biden has gotten a boost. if you are joe biden staring down the primaries and caucuses, this goal will further their case the has an electability argument in a general matchup against his democratic peers. matt: in florida, i guess both of them really loom large. mar-a-lago, and the voters i guess are of a higher average age. does that help someone like biden against younger competitors like elizabeth warren? ke

. >> and senator elizabeth warren appeared on bloomberg tv last night where she accused fellow democraticrg of trying to buy the 2020 election, with millions of dollars in advertising. >> what's broken in america is we've got a country that is working great for those at the top. and an economy that is working great for those at the top. and a democracy that is working great for those at the top. it's just not working for much of anyone else. and that's why i'm so concerned about michael bloomberg, jumping into this race, dropping $37 million in one week on ad buys. i don't believe that elections ought to be for sale. >> let's get a check on your weather now with nbc meteorologist bill karins. >> hey, bill. >> good morning. happy to report, this is the quietest day of the week. easiest for travel out there. it is still a little chilly. and some slippery spots where the snow melted yesterday and refroze last night. especially northern new england and the great lakes. and many areas aren't that bad, pretty seasonable. dc at 40, and boston 38. a little bit of snow, buffalo, clooer cleveland,

this is bloomberg tv. ♪ ♪ caroline: the challenges of 2020, what are you prioritizing? we think the election is a massive test for us. and it should be. elections have changed, we have changed as a company. if you look back to 2016, of course we were prepared for state actors. but what they really did was take information. this new, more insidious stuff. we were totally unprepared. we missed it. everyone missed it. now we really work hard to find what we think of as coordinated and authentic behavior. state actors, groups of people that are trying to do fake stuff. in 2016, we had never heard of this. in 2017, we took down one. in the last two, we took out 50. which of down seven in the last month alone. we are in a very different place. we are going after fake accounts. every single thing that happened in 2016 was done through our -- a fake account. we are now able to take down millions every day, most before anyone sees them. misinformation, we did not have a fact checking program at all in 2016. now if something is marked false by our third-party fact checkers, we ca

this was bloomberg "real yield." tv. is bloomberg ♪ whether you're out here on lte. on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. mark: i'm mark crumpton with bloomberg first word news. a u.s. official says a gunman who opened fire at the naval air station in pensacola, florida this morning was an aviation student from saudi arabia. authorities are investigating whether the shooting was terrorism related. the attack left four people dead, including the assailant. seven people were wounded. the shooting was the second had a u.s. naval base this week. china when i'll require u.s. diplomats to give five days notice before holding meetings with chinese officials and academics. china says the new rule is a dir

this was bloomberg "real yield"" this is bloomberg tv. ♪ [ dramatic music ] this holiday...h!!! -ahhhhh!!! a distant friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! francine: minouche shafik knows the worlds of economics and finance well. she was the youngest ever vice president at the world bank before becoming deputy managing director at the imf. at the bank of england, she was responsible for balance sheets of nearly 500 billion pounds. forbes even named her one of the most powerful women on the globe. now, she is back to the world of academia as the director of the world-renowned london school of economics. in september, i spoke with minouche shafik for "leaders with lacqua." there is a huge transformation in technology, society, and everything else. what do you see? how would you describe the current environment that we live in? minouche: well, i think all over the world, we are seeing people questi

. >> you're on bloomberg tv. is running against you. >> i heard that. >> you've heard that? so have we. >> we've got a country that is working great for those at the top. it's just not working for much of anyone else. and that's why i'm so concerned about michael bloomberg jumping into this race, dropping $37 million in one week on ad buys. i don't believe that elections ought to be for sale. >> and former vice president joe biden finished his eight-day bus tour through the state of iowa yesterday, visiting 18 counties during the campaign blitz in mostly rural areas. one moment that stood out, his response to an iowa voter comparing hunter biden's work in ukraine to the ethics of the current president. >> you're selling access to the president just like he is. >> you're a damn liar, man. that's not true and no one has ever said that. >> i didn't say you were doing anything wrong. >> you said i set up my son to work in an oil company. isn't that what you said? get your words straight, jack. >> no more malarky, get

we will be bringing you special coverage on bloomberg tv as the polls closed so don't miss the actiong just before 10:00 p.m. we can catch the exit polls and sterling's reaction to them thursday night. that will be me, guide, and jon ferro around the desk. on the move in including ted baker, the fashion chain going from bad to worse as the chairman and interim ceo declined -- resigns. the stock is plunging. this is bloomberg. ♪ anna: welcome back to the european open. this is the picture for european equity markets, down .4% on the stoxx 600. one of the movers behind the big dani burgerx moves, has the movers. dani: one of the biggest movers to the downside is ted baker, falling by nearly a quarter of its value. chairman areeo and resigning, suspending their dividend and pretax profit might be as low as 5 million pounds. the company saying the last months have been the most challenging in their history. the share price, reflecting that viewpoint. this comes after a scandal over the founder's behavior in the workplace. movers to the upside, computacenter trading at record highs, coming

as we get to the general election, we will bring you special coverage right here on bloomberg tv as these. watch our election night special. that starts just before 10:00 in the evening on thursday. i will be joined by guy johnson and jonathan ferro, coming all the way from the u.s. for the occasion. that will be the lineup on thursday. we will bring you the stocks on the move this morning, including tullow. the oil company plunging after it ceo quit and production comes in below estimates. less than a month since we last heard bad news from this business. this is bloomberg. ♪ anna: welcome back to the european open. 20 minutes into your trading day. a negative bias to trading in europe, but not off that much. u.s. futures pointing down, but pretty flat actually. let's get the individual stories. dani burger dani: has the rundown. dani:one of the biggest dani: movers to the upside, we see them clenching the $4 billion takeover of the german business. they have tendered about 55% of shares. thatinal step is shareholders need to approve the debt needed to take on this buyout. also, tesco