joe: i'm romaine bostick -- romaine: i'm romaine bostick. joe: and i'm joe weisenthal.aroline: here's how we finished the day. the s&p 500 could not break through the 2800 point. joe: the question is, "what'd you miss?" caroline: elon musk is facing a new round of regulatory troubles from tweets. they want on capitol hill, fed chair powell is doubling down on negative development that allows the fed to remain patient for now. president trump lands in hanoi for his second meeting with kim jong-un. the two leaders remain far apart on issues including the meaning on denuclearization. ww, formally known as weight watchers, reporting earnings and give a fiscal your outlook that came in well below estimates. eps was expected at 125 -- $1.25 to one dollar 50 since per share and analyst estimates were averaging about three dollars and 36 -- $3.36. the shares are halted and the company did not provide a next nation for whites forecast came in so low. their conference call starts in an hour. they're confident the new strategy will work, being more about holistic health and not dr

emily: romaine bostick, thank you for that additional context. specialcontinue our coverage of amazon pulling out of its new york city headquarters. more coming up next. this is bloomberg. ♪ emily: welcome back to a special edition of "bloomberg technology." we are covering amazon's decision to pull out of new york city, its new headquarters out of new york city. joining us from seattle to glenn kelman, who ran over to our bureau from the redfin offices in seattle. you have so much contact on the challenges amazon has faced in seattle, special insights into the controversy they been facing in new york. are you surprised amazon through in the towel? not.m really if you look at the political climate amazon faced in new york, what they would try to leave behind here in seattle, it makes sense they would pull back. a were tired of having protests, product -- tired of having people challenge their efforts to build a local economy. i know there are many well-founded criticisms of any business that size, but i'm just trying to give you some understandin

scarlet: i'm romaine bostick -- romaine: i'm romaine bostick. joe: i'm joe weisenthal.aroline: here's what happened to u.s. stocks, not much. joe: the question is "what'd you miss?" caroline: business investment. it may be too soon to give it a clean bill of health. we talk with kevin hassett. from handshake to empty-handed, president trump gets bipartisan praise for walking out on kim while north korea disputes the president's account of the summit in hanoi. decision day. offshore investors loaded up on china shares. romaine: a quick recap of some of the earnings we have out here. nordstrom, the department store, arriving after hours here. their eps is coming in above estimates and it's saying for fiscal year -- the full fiscal year, net sales will grow about one to 2%. the cloud computing company and they are also beating estimates and giving guidance for 2020. subscription revenue of .03 to 3.0 4 billion. caroline: we have gap coming out and there will be two independent publicly traded companies. they say old navy is to become a standalone company. this is interesti

romaine: and i am romaine bostick. joe: and i am joe weisenthal. what a jew miss?buybacks backlash. center dot marco rubio announces he will introduce a bill to tax dime backs on equal footing with dividends. it takes some steam from the week's rally. caroline: then president trump is looki to grudgingly sign a mortar deal. and a weak link in the global economy. industrial production across the eurozone fell at the fastest pace since the financial crisis. ♪ romaine: a quick update on earnings, fossil group is the watch handbag and jury maker, their comp sales for the fourth quarter came in at -7%, below estimates, and earnings per share for the fourth quarter coming in at $.94 a share. the estimate was for $1.21 a share, so we are seeing shares move a bit lower on that, caroline. caroline: now, wait and see in washington. president trump is edging towards approving the border security negotiated by congress. .ut begrudgingly we bring in bloomberg government reporter from capitol hill. it looks like we could get a certainly, thet white house could still antagonize c

romaine bostick is stepping in for what'd you miss.w york, this is bloomberg. ♪ >> i'm caroline hyde. >> i'm romaine bostick. >> i'm joe weisenthal. >> we have disney up 2%. electronic arts up significantly . the relief that floods the market would it just managed to keep stable. for more on snap, let's bring in sarah frier. the numbers are better than expected. what jumped out at you the most? >> it was a low bar. people expected snap user base to shrink. stopped said revenue would be the highest at the range they gave, it was within the range's of didn't have a high bar for them. they exceeded it. at thesage if you look prepared remarks, it is all about stability. he is trying to make the case that snap is no longer going to the scandal management executive turnover problem that it has been this past year. i don't not that is going to be credible, but we will hear what he has to say on the call. maybe there is something to look forward to hear. >> we will let you listen in on that call. , let's welcomep our guest. of a company that s

romaine: i am romaine bostick. lisa: here is a look at how stocks close.ter a rocky session earlier in the day. joe: what did you miss? lisa: amazon is reconsidering its plan to establish a second recorders in new york city after facing a -- second headquarters in new york city after a wave of opposition. jeff bezos representatives of alexandria a ocasio-cortez [indiscernible] send the u.s. into oblivion. noah smith joins us with his take. joe: when it comes to amazon am a some officials in new york are not sure they want the big company to move year. there has been a groundswell of opposition to the new headquarters in long island city, and amazon is reconsidering the location. we welcome a new york state assemblyman who has been an outspoken critic of the amazon headquarters. thank you for joining us. what is the central objection to it? the idea that there are subsidies and stuff offered at all, the nature with which they were agreed to, the fact of they had this public bake-off and got cities to waste time? what is the essential complaint how it was do

a i'm romaine bostick. >> i'm joe weisenthal. the question is what you miss. >> hot bonds.emand for corporate bonds to the highest level of the year this week. >> a dovish turned by the federal reserve is fueling a rally in junk bonds. leverage loans are still sagging. more on this i want to bring in the cio a family management corporation. let's start with a credit. jump funds doing well, leverage loans lagging. on or what are we seeing a credit markets? >> there is a portion of it that is risk on. you government environment in december when there was near record low issuance of high-yield bonds to january where risk on has exploded. it has nothing to do with fundamentals. it has been the rhetoric of the fed pivoting and of the market. in terms of underlying fundamentals, earnings are good. coverage ratios are strong. defaults on leverage loans are under 1.5%. >> talk about the default rates and coverage ratios and the ability of these companies to cover the massive debt load that i have. >> that is a great point and something that is asked frequently. if you look at the l

hat does it for the closing bell and for me, romaine bostick s stepping in, we look at progress on u.s. china trade talks. from new york, this is bloomberg. ♪ ♪ caroline: i'm caroline hyde. >> here is what happened to u.s. stocks today. to the gains for the highest. trade, ogether on president trump extends the said he adline and would have a summit with president xi. told the cartel to relax and take it easy sending crude tumbling. business comes to the u.s. canadian company sliding on its day and taking other pot stocks down along with it. with the c.e.o. ahead. joe: trade talks are advancing, both the u.s. and china striking progress is tone, being made toward ending the the ng ongoing trade war between the two super powers. president trump raised the summit of a signing summit later today. >> they're coming back again. have a signing summit which is even better. hopefully we can get that completed. very, very close. joe: the editor for bloomberg news joins us from washington. how far are they from right now having something they could sign a signing summit? sarah: that's an excelle

shery: let's welcome the cohost miss"omberg's "what'd you romaine bostick.ally interesting as we have seen really thin plating. romaine: yeah, the volume is really been low. when you look at the volume of across all of the tapes in the u.s. market, we are below the one your average which is typically around seven point 5 billion shares or so and we had the lowest day of the year yesterday, and the volume today is pretty low. some people will say that that does not matter too much, as long as people are buying -- but we are seeing the broad-based buying her, but as long as they are buying at is enough for some people. >> i want to go back to the great chart that shery just showed. it feels as though the technicals, because they are triggering a lot a problematic computer trading, may be influencing more than they ever have. are you watching that moving average pretty closely? romaine: absolutely. these technical levels tend to be self-fulfilling prophecy. we are testing the 200 day again where we are couple of points above it. if we close above it, that would

thanks touche and ali bostick -- thanks to sonali basak.oming up, some very interesting meetings on brexit. that is coming up. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is "bloomberg markets." the german federal cartel office has given facebook 12 months to stop collecting data on user activity and paring it to specific accounts. facebook says the office is unfairly singling it out. the president of germany's federal cartel office joins us now. what are the criticism that will be laid against the ruling you have made against the company -- one of the criticisms that will be laid against the ruling you have made against the company is that you are confusing privacy and antitrust. guest: if you look into the law and the economy, data is in fact a very important factor for market power. the whole internet industry is driven by data. because pays by data services cost something to the user. that is data. that weit is important as competition agencies look at the question what kind o

romaine: i'm romaine bostick. joe: and i'm joe weisenthal.aroline: let's gaze straight to the earnings recap we see. we're looking at the laggards. squares up by 6%. this is in the company -- this is a company that ramped up since december. the numbers are not quite hitting the mark. 28% growth in overall revenue volumes we saw. the market wanted 29%. they're forecasting fourth-quarter -- fourth-quarter -- first quarter estimates that missed. they're not quite delivering. it seems their 2019 adjusted earnings outlook is below the --k -- actually, i have vote actually, i head of expectations. romaine: a lot of growth over the past few quarters was because there was not a lot of competition, but now everyone is trying to get on the -- in on this game. caroline: especially when you get the cloud area and fitbit is falling. another one that has ramped up more than 50% since december. we have to remember where we have come from. this is such a darling of the hedge fund. it is amazing to see this drop. i want to turn to another company we are looki

romaine: i'm romaine bostick. lisa: i and i'm lisa abramowicz. joe is off tonight. caroline: the first slip in three -- four days now. romaine: the question is, "what'd you miss?" caroline: sowing the seeds of trade. looking to buy an additional $30 billion of agricultural products from the u.s. because of a trade deal. nike is facing backlash after a player spring disney when his nike shoe fell apart at the beginning of the game. border showdown. the nicolas maduro is -- nicolas maduro is shutting the borders with two countries. to recapwe just want the news on zillow, the real estate listing company recently moving into home flipping. it's ceo is going to step down and hand the reigns over to the executive chairman who cofounded the company in 2005. he made clear in a statement that they plan to stick by their recent pivot to home flipping and other areas of the real estate market. you see that reflected in zillow's shares, down 6%. caroline: let's shift gears and check out the trade standoff. the us and china negotiators are hammering out details on memorandums t

romaine: i'm romaine bostick. lisa: i'm lisa abramowicz, joe weisenthal is all today.oline: u.s. stocks closed up today amid the fomc minutes. romaine: the question is "what'd you miss?" caroline: the fed is ending the runoff of the central bank balance sheet while expressing uncertainty over raising interest rates in 2019. brokering a brexit deal. theresa may's efforts to seek changes could force her to fire some of her own ministers. this as the u.k. aa rating may be cut. banks behaving badly. billion ino pay $5.1 the case. deutsche bank is set to extend trump loans because of risk of default. we're looking at the minutes from the fomc january meeting. they shed some light on the dovish tone. runoffvored ending the of their balance sheet, but expressed uncertainty on whether they would raise rates again. let's bring in the head of u.s. strategy at bank of america merrill lynch. what was the number one takeaway for you from these meeting minutes? mark: i think the most important take away was the signaling they had about the balance sheet. most think it's appropriate

romaine: i'm romaine bostick. lisa: and i'm lisa abramowicz. caroline: this is our markets close.e day, we rallied into friday. more likely, not president trump and china lead negotiator say the trade you will probably happen is both days jus -- both parties decide to work into the weekend. how a billionaires socially conscious studio has a larger goal. let's get more on the top story. it is trade talks in washington. joining us is kevin's really. for the market take his michael regan. kevin, get a sub to speed with your take away from trump and the chinese representative out of the white house. kevin: finalized deals on agriculture, secondly on currency, and devaluing currency from china, and thirdly, where this goes from here. these talks will continue. the vice premier is staying two additional days. president trump and president xi jinping could meet as early as next month in mar-a-lago. the bottom line is that president trump also says the huawei issue might be resolved by issue of executive order. the president said in the last two hours he is considering using it more diffi

romaine: and i'm romaine bostick. caroline: here's how we close, up on the day. u.s.n the green. it was a risk on rally. romaine: the question is, "what'd you miss?" caroline: optimism on the upcoming u.s. china trade talks and a tentative deal to avert another government shutdown. , a victim of the longest government shutdown, sentiments among small businesses. it's taking a toll on business owners in government contracts. can i tell you everything? amazon and google are asking smart home users to share streams of information, including when they turn on the lights. this is good to be the year's biggest ipo so far, virgin trains. they hope to raise as much as $538 million tomorrow. the offering was expected to price below the market did range, and now it has been delayed. let's go to jonathan levin, our miami bureau chief. deal innot just a big being a big ipo, but the name recognition attached to it was richard brandon -- richard branson branding. this project has taken a while to get off of the ground. what accounted for them pulling back the ipo today? statement i

romaine: i am romaine bostick. joe: and i'm joe weisenthal. markets up significantly. 1.7% on the dow jones industrial average. joe: the question is, "what'd you miss?" trumpne: president declared a national emergency on the southern border in a bid to unlock more money to build his wall. the u.s. and china held trade talks as president trump floated the possibility of extending a tariff truce. cannabis competition. better-than-expected revenues and expected to have outsold competitors in canada. the ceo joins us ahead. president trump signed the congressional spending bill while declaring a national emergency. the president was not able to convince lawmakers to allocate $5.7 billion for a border wall, but the migration -- the declaration will free up about $8.3 billion. can you break down specifically what is in the bill congress approved? we know they are getting about $1.5 billion that would go for some of the border wall requests trump made. why do we still need a neck -- national declaration? >> there's just under $1.4 billion for border