." >>> we have brooklyn dwyer, a senior analyst with bnp paribas. we may range a bit into the broader economy, but the most recent jobs report for december was some 290,000 jobs. that's an incredibly hot pace, do you expect that to keep up? >> we don't. most of the market was expecting, including ourselves, something closer to 200,000, so 50% more not a bass up side. >> what are you looking for this year? >> expecting things show slow down on average. it looks something like close to 100, 120,000. 175,000 is still pretty darn good. >> does what's recently been going on in the market the precipitous drop, the volatility, the fact that the market is down better than, so far this year does that means -- layoffs in the energy sector. >> certainly does. we've seen a lot of that layoff in the energy sector, mining that secretary services area of mining, people pulling back on their rigs, so we're seeing that impact right now, but see moment tough in some other areas, retail, leisure and hospitality, we do expect that momentum to be peared back a bit next

coming up in the next hour, harry tchilinguirian of bnp paribas will join us.s is "bloomberg surveillance" on bloomberg television, streaming on your tablet, your phone, and bloomberg.com. the conversation today is focusing on the doj and the price of oil. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. the bank of japan surprises, and here is the reaction. japanese yen significantly weaker against the dollar and against the euro. the japanese government bond at record lows this morning. bloomberg's first word new spirit vonnie quinn have the details on what corrode ut kuroda has to offer. the central bank is using negative interest rates to sp

also citigroup. .rom europe, bnp paribas we have some non-investment banks or regional banks includingthe u.s. in the non-bank space, we have a number of exchanges. there's one last group of supporters that include technology and infrastructure and service providers. technologybal services provider and implementer along with broad ridge who provide an enormous percentage of capabilities to the street today. whado you think a year from now you want to say -- what the one saying? blythe: the process between now and the next six to 12 months is going to be used to take what are currently prototyped concepts that exist, technology that you can play with and see and convert those to something that is production ready in the real world environment. limitations toe the speed at which you can settle scale for purchases in that context. not every investor in the world wants real time instantaneous settlement, but somewhat benefit from that. you and i would love to have cash in our accounts. other institutional investors may not have the same needs. thatu delay settlement so you connect a large

you look at names like bnp paribas and banco centera, a lot of them european banks, france, spain, germanysche bank as well trading below book value so it brings into debate how much of these stocks traded the very discounted valuations on the european side of things. back over to you guys. >> all right. thank you so much, dom chu. kevin, you will actually like some of these markets. >> i have to admit i do. you know, we have to think about the last ten years, and people have forgotten this. if you look at a heat map of where returns have come from from freeing physical like asia or europe or stateside here, we only beat the world markets 50% of the time, so if you are only investing stateside, you're missing performance all over the world. you can't know with certainty. last year, for example, europe, 14 point plus returns and we were sitting basically flat in the s&p so needed to have exposure there, going with the dividend, large cap strategy. my strategy was to take the same rules that we built for osua and apply them to europe and asia so it screens out, you know, obviously financial

let's get more on markets and the global outlook with head of equity derivatives for bnp paribas.xtremelyu have been busy the last few weeks trying to figure out strategies. what are you putting your clients money and right now? >> what we're looking at is european equities. it's important to abstract from the panic. certainly, the nerves are more frazzled. let's hope for a good start to the year, and typically, it is good for equities. so investors are left scratching our heads. if you think the european economy, it can be strong. surprisingly strong given asia and the emerging markets. give a combination of low valuation, strong fundamentals, if you put all these owners together, european equities look attractive. >> are you factoring in the geopolitical pressures that europe is facing? have comen migrants ashore in 2015. inthat and more are coming 2016. and also the threat is causing a lot of tension in the region. let's take those two things. the immigrant crisis is a challenge. ands clear angela merkel the premier in germany is coming under increasing pressure domestically. i