public policy libby cantrill thank you for coming by it is busy season.resident-elect trump becomes president trump on monday he will be watching carefully, what are the biggest move that will happen on day one. >> as you previewed we are expecting a surge of executive orders. of 2017 were any indication he announced several overarching executive orders on day one. back then we were expecting him to do the same i think you be around the areas that you outline on environmental energy regulation the drill baby drill and rolling back what president biden has done as it relates to lng and drilling on federal lands' end what have you. i think you will also have a series of executive orders on immigration and the southern border in particular. some of the bigger things like a broader deportation program he will need funds from congress but in terms of slowing the flow of migrants on the southern border he can do that unilaterally. the last thing will be on tariffs that's the thing that the market is worried about, what is likely to happen on tariffs, day one bu

jonathan: libby cantrill of pimco forcing it out of me. an important conversation on the corner. the pump in futures fading a little bit -- bump in futures fading a little bit. euro-dollar just about unchanged at 102.50. ♪ ♪♪ ♪ three little birds ♪ ♪♪ ♪♪ ♪♪ jonathan: the pump and equity futures fading attach. up by 25% on the s&p 500. on the nasdaq 100, higher by one third of 1%. let's crossover to manus cranny. manus: elon musk has taken oxygen out of the technology round with the tiktok deal. tesla up 1.5% this morning. morgan stanley writing they are justifying the bull case. they could be $100 for them. the advancements in autonomous vehicles, that is what the market is beginning to appreciate. the leadership they have, not just in vehicles but in ai, data collection. tiktok, x, tesla, it's about data collection and power of what you do with that. it's about every appreciation of what actually is and there for the size, scale and mobility. 7.5 million vehicles in 10 years time. if you want to understand housing markets, it is hard to l

joining us now is libby cantrill of,". he is making a ton of news.istration. a slew of executive orders. telling the saudi's to add more barrels to the market. last night seemingly signaling to china that he has the power to tariff them but does not want to use them. libby: it has been flooding the zone. it was drowned out because of all of these executive orders. our clients are focused on tariff risk. taking some comfort in the fact that president trump has not done anything definitive on china or other countries. we think it is a little premature to start celebrating. they did issue an american first -- america first trade example. it goes from everything from rewriting free-trade agreements to looking at currency relationships, to looking at out on investment. i think what we are telling our clients and telling our traders is, let's not celebrate this too prematurely. this is a deep-seated ideology. there is a revenue component here, but also he believes in tariffs. he believes in tariffs in terms of reducing the trade deficit. in regards to chin

coming up tomorrow, we are hitting the ground running, catching up with stuart keizer of citi, libby cantrillbank earnings coming up on wednesday and thursday. from new york city, good morning. thank you for choosing bloomberg tv. this was "bloomberg surveillance ." ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ matt: another down day. 30 minutes until the start of the cash trade here in the u.s.. sonali: katie greifeld is on assignment today. "bloomberg open interest" starts right now. matt: l.a. fires still arranging as santa ana winds are poised to intensify the wildfire battle. we will take it to the front lines. stock traders have been hit by diminishing bets on fed rate cuts as apple's iphone sales fall 5% in the holiday quarter. plus, it is murder monday. j&j agrees to buy in