i can emma chandra. this is bloomberg. at ahan: we are looking record high from yesterday, and now the uk's retail has cost it in it movement. retail,arting with u.k. we see the company cut its annual profit forecast for this year as well as the next fiscal year. competitorsa lot of were discounting early in the holiday season. now, they are not discounting until after christmas. that sale did not do as well as typical. ego said that this year's christmas was moderately disappointing. -- the ceo said that this year's christmas was moderately disappointing. tesla delivering more cars. the production was 25,000. it is going to be about 76 thousand. this has been must -- this has been elon mus'' s playbook of overpromising and under delivering. berkeley promising that there is a high probability the company will announce a delay of its model three. microelectronics, the french semiconductor maker has fallen after morgan stanley downgraded the stock to underweight. they say yes there has been sales strength, but it is not excl

emma chandra has more. president continue theefuse to reimburse united states for a border wall. mr. trump said trade has been a one-sided deal for mexico's benefit. the mexican president said his country will not fund the wall [indiscernible] one dozen senators have been accused-- have president trump [indiscernible] of [indiscernible] other senators decried media reports that the new trump thenistration had imposed communication blackout on a number of federal agencies. japanese prime minister shinzo abe signaled he was put into a bilateral trade deal with the united states. he said yet finalized the negotiations and a japanese newspapers report they are set to have a phone conversation in the coming days the meeting in washington next month. trump withdrew from the pacific the court this week. themily affair down under, miss williams and serena williams have advanced to the australian open. beats her older sister, she will a record grand slam title. global news 24 hours a day, powered by more than 2600 j

let's go to emma chandra. are: u.s.o file criminal charges against currency traders in the heart of a market rigging investigation according to people familiar with the matter. prosecutors say members of the so-called cartel chat group used instant messages to incarnate the rigging of current benchmarks. hasant pharmasse pharmaceuticas sold $2 billion worth of assets. it is selling three skincare brands to l'oreal and selling its pharmaceutical unit to a privately owned chinese conglomerate for $820 million. valeant is $30 billion in debt and is facing high prices and accounting practices. car sales in china rose in 2016 at the fastest pace in three years. consumers bought almost 24 million cars, suvs, and multipurpose vehicles. that is a 16% gain from the previous year. chinese shoppers take advantage of a tax cut. that is your bloomberg business flash. i'm emma chandra and this is goin bloomberg. david: there are a lot of changes to washington. will one of them the greater oversight to the federal reserve? i have the

emma chandra, this is bloomberg. .biggest acquisition ever for johnson and johnson. we look at the future of health care. and a move against the u.s. dollar after donald trump tweeted about the wall, saying if mexico will not pay for it, it is best to cancel their upcoming meeting with the president. peso bouncing. it is up a third of a percent. davothis is bloomberg. ♪ ♪ this: from new york city, is bloomberg. jonathan: all-time highs across the board. you have optimism has waived not seeing in 2002. michael darda joins us now. a conversation around the board room for change and could the optimism result in a nude activity across the board? what are your thoughts? michael: we will probably see a pickup in investment. we saw a business investment recession last year and with business confidence surveys moving up, rallying with the credit markets, those tend to be leading indicators for capital spending credit we will see if it is in the -- spending. we will see if it is in the data. it is suggested we will see money wh

emmast word is chandra has the let's get you first word news. emma chandra has that.ce says that president obama's signature health care law has taken a toll on the american people. hasrnor pence: obamacare worked hardship on american families and businesses in a very simple conclusion, the american people have sent new leadership here because obamacare has failed and has been rejected by the american people. emma: president obama was also on capitol hill today discussing the congressional democrats ways to defend the aca. according to press secretary josh earnest, president obama said he is envious of their fight ahead. president-elect donald trump has ed run the securities and exchange commission. he is a partner at sullivan and cromwell. with the latest trump pick deep ties to wall street. much of his work involves mergers and acquisitions. found aviv, a court has man guilty of manslaughter. the trial lasted several months and divided the country. and russia and the philippines are in discussions about increasing military cooperation. that is after repeated threats

let's go to first word news with emma chandra.leader kim jong-un says that the missiles -- the missile is in the final stage of development. a new poll shows that more than half of americans view president obama favorably as he leaves the office. merrick is said they view him aboutbly and that only 37% viewed him unfavorably. the family is trying to rain -- afterin spending shortfall due to oil prices. millionsars who stole of dollars of jewelry from kim kardashian have been arrested. authorities say they forced their way into the home she was staying at in october, and they tied her up before stealing visuals. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries. i am in the charter. this is bloomberg. -- i am emma chandra. this is bloomberg. bloomberg spoke with the chairman at the ubs conference in shanghai. >> we have a strong interest in increasing our footprint and presence in china. we have said that we will increase our headcount here over the years to come. we want to build a lon

please join me in welcoming chandra manning. [applause] >> with an election just three days ago and outcome that we know is going to make history going forward i'm -- i wasn't quite sure if anybody would show up to listen to what happened 150 years ago but i'm glad thatt you did because i think the stories that this story tells matters. a story about both success and failure and how thosewo things are often intertwine and making and defining citizenship not just for all but ongoing, day in basis.ee what i want to do to do is talk about how this particular came about, how i came to write it. i will give you a little gimps into what it said and then i would like to end with what i hope this book achieves. i'm going to ask anybody if you've been to a psychodrama? 42 feet high. imagine a football field. h 42 feet high and you walk into the middle of it and every inch is painted in elaborate detail. that's a cycle-rama. they are overwhelming, impossible to enter gradually. you can only enter via emerging and once you do you are overw

i'm emma chandra. this is bloomberg.futures going nowhere fast but industrials get hit on earnings. honeywell off by 20% and they had weaker business jet demand that weighed on the aerospace unit and their sales missed $100 million in last quarter. in terms of guidance it lowered the high end of their 2,000 sales guidance. we heard cautious commentary from industrial players like ratheon or caterpillar. we'll decide that later. air products had a miss and guidance flopped as well. check out paypal, failed guidance for paypal was also light, however, the bigger news is the c.e.o. may be in talks with amazon to use paypal accounts so the market not factoring that in this morning. earnings after the bell last night, the highlight was the cloud. you got microsoft and intel, both giants seeing the biggest growth from the boom in cloud. you have microsoft cloud unit was the 5 -- 95% in terms of revenue growth and almost doubled. intel is up .6%. and saw chip sales rising 30%. the cloud continuing to be a big theme for these te

. >> chandra is a special advicer to the dean of -- the author -- the books, cast what it like to escape slavery, how citizenship in the united states was tran formed. in the "wall street journal" mark smith praised the book, she tells the story of the downwhere toward freedom. we learn something

we turn to emma chandra. emma? president elected donald trump meets with the targets of his most recent criticism. chief of the u.s. intelligence community. they will brief him on his findings. the directors of the fbi and cia will be at the meeting and national intelligence. taking its first step towards reducing military forces in syria. a russian aircraft carrier is being withdrawn and so are ever -- so are several other warships. by russia anded turkey has been in place for almost a week. a diplomatic slap between japan and south korea over a new statue. it commemorates koreans into brothels before and during world war ii. japan has long downplayed the women's' existence but lesser apologize. -- last year apologized. it has suspended currency swap talks. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am emma chandra, this is bloomberg. jonathan: thank you. we are away from the payrolls. the calm before the report. abigail doolittle. abigail: as has b

good morning to emma chandra. released video appears to show esteban santiago walking through the ford lauderdale. tmz posted the video on its website. santiago has been charged with killing five people and wounding six others. his first court hearing is today. top republicans are warning president-elect donald trump he could face a rift with members of his own party unless he's tougher on russia. senator lindsay graham says and he senator john mccain will push for sanctions against russia for hacking the presidential campaign. graham says he wants to hit russia in the financial and energy sectors. and in london today, commuters had to find other ways to get to work after thousands of london underground workers went on a 24-hour strike. the union rejected a last-minute offer, and the subway system warns that services are severely reduced. the london underground carries as many as 4.8 million passengers a day. needless to say, traffic in the city is at a near stand still. global news 24 hours a day, powered by more

i'm emma chandra. this is bloomberg.id: overnight, the bank of japan announced it would leave its current stimulus plan in effect, which was no big surprise. but governor haruhiko kuroda, in his news conference, did address quite specifically what he described as president trump's "protectionist policies." >> [speaking japanese] >> trump's protectionist policies could shrink global trade and economic growth, but the importance of the global free trade framework is recognized by g7, g20, wto, and imf. i don't believe protectionism will widely influence the global economy. david: our guest is still with us. as you listen to haruhiko kuroda, it strikes me that so much of this is outside of his control at this point. it was there was a time when he was most powerful central banker in the world, but now he has to sit down. >> well, more generally, even in the case of the bank of japan, what they say right now, that they are benefiting from some supportive tailwinds and had previously been held back -- i think that applies to

emma chandra has more.arings >> tillerson begin january 11 and will likely continue into a tillerson begin january 11 and will likely continue into a second day. president-elect donald trump does not plan to completely overhaul the affordable care act, according to kellyanne conway. she says mr. trump is looking at the legislation to see which parts have been successful. kellyanne conway: he is committed to maintaining the pieces his advisers say are working. he'll be talking to his talisman tom price about it and other experts. it is an issue where the president-elect has received a great deal of counsel. emma: conway says one of his priorities is to make it easier to purchase health care across state lines. syrian rebel groups are suspending peace talks over what they claim are violations of the cease-fire agreement. the troops posted by russia and turkey were supposed be followed by negotiations this month between rebel factions and government representatives. adopted amously resolution to end the confli

natarajan chandra—sekaran has been named the new chairman of the $100 billion tata conglomerate. assets all over the world including jaguar landrover here in the uk, as well as tata steel. he will have to work hard to repair damage to the group after the acrimonious sacking of the previous boss cyrus mistry, who alleged serious ethical and governance problems at the company and is now being sued. so, he has got his work cut out for him. and that is it for today. tweet me and! him. and that is it for today. tweet me and i will tweet you back. i will be back later to talk about the papers. more needs to be done to protect patients from incompetent locum doctors. that's according to a review by the general medical council. the regulator says a reluctance to share information and a weaknesses in checks is allowing some poorly performing stand—in doctors to go undetected. elaine dunkley has more. the nhs is increasingly relying on locum doctors to deal with staff shortages in hospitals. some are charging up to £150 in us. questions have been raised over the cost. that is not the only

i am emma chandra. this is bloomberg.ary nominee steven mnuchin warns that an excessively strong dollar could hurt the u.s. economy, but the greenback is edging back up after touching his lowest level in seven weeks. we will talk about what the dollar's next move is. this is bloomberg. ♪ jonathan: from new york, this is bloomberg. the fx market, the dollar moving higher following a six week low following a statement from steven mnuchin. he said the strength of the dollar has historically been tied to the strength of the u.s. economy, and the faith investors have in doing business in america from time to time. an excessively strong dollar may short-term effects on the economy. what it means for the economy, the market reacts. should it? dan: probably not. i think it is unclear whether some of these policies and proposals that have been put forth are going to be realized, so we are not sure what the relative growth profile of the u.s. look versus other parts of the world. you can mind, other parts of the world are in recove

emma chandra has more. speaking with the trump administration, the fight over trump's executive order on immigration has taken another another turn. sally yates has been fired after she was told not to enforce the ban on muslims from the seven nations. -- told lawyers to defend the ban against legal challenges. trump announces his first courttion to the supreme tonight. according to people familiar with the process, he will select one of two federal appeals judges. both are considered conservatives, likely to be opposed by senate democrats. the house of commons has become the debate on the 137 word bill that gives theresa may permission to start the brexit process. the government's point person says lawmakers will consider a simple person. do they trust the people who voted to leave the european union last year? in japan, melted nuclear fuel may have been found under one of the hiroshima reactors. fukushima reactors. they are determining how radioactive the material is. global news, 24 hours a day. powered

to emma chandra. mark: well done.oomberg markets" continues. ♪ vonnie: it is noon in new york and 1:00 a.m. in hong kong. david: i and david gura. welcome to "bloomberg markets." ♪ david: from bloomberg world headquarters in new york, we will take you from mexico city to washington and london in the next hour. here are top stories we're following this afternoon. the dow jones industrial average climbed past 20,000 for the first time. stocks around the world extend the rally. interview with the cio that will center on global market risks under the new administration. in politics, president donald trump plans to act on two of the most fundamental and controversial elements of his presence will campaign, building a wall on the border with mexico and tightening immigration policy. us now doolittle joins with a look at the markets post doubw 20,000. abigail: the dow is above 20,000

emma chandra has more. emma: thank you.lect donald trump has been tweeting his and operation of them will bring were -- inauguration will bring record numbers of people. he is going all out. they are courage people to close to washington. 800cials are planning for thousand-900,000 people. a sizable turnout but nowhere near the 1.8 million whole attendant barack obama's first in operation. -- inauguration. nikki haley criticized the obama administration up for the treatment of israel he. she assailed to the president for now blocking a resolution adamic sediments in jerusalem -- blocking a resolution in jerusalem. a corporation will face an action from the protection financial bureau, according to people familiar with the matter. mae has known as fannie said to be the subject of a probe into disclosures and fees. bomb filled vehicle attacked a camp. more than 50 people were killed and 100 soldiers wounded. there was no immediate claims of responsibility, suspicion fell on islamic groups in the area. global news 24 hours a da

w join me in welcoming chandra manning. [applause] >> thank you. thank you very minute to all of you for coming today. i'm a tiny bit surprised to see anybody. with an election just three days ago and an outcome that we know is going to make history going y forward, i'm -- i wasn't quite sure if anybody would show up ay but i'm glad you did.he it's a story of refugee see center of american history and skis do ash story about page asking defining citizenship as a day in and dayout basis. want to talk about how thisf particular book came about, how i came to write it. i'll give you a glimpse into what it says and then i'd like to end with what i hope this book achieves. wayne to start by being if any of you have ever been to a. psychorama, an enormous painting, a sicker already --th sicker -- you walk into thee middle of it and every inch is painted.y inch in intricate, elaborate detail. that's a sick larrama.bl you can only interview total immersion and you are overhemmed and you have to remain lost and disoriented for a good long time before you ha

i'm emma chandra. this is bloomberg. lays out hera may vision for brexit today, bowing to quit the single market and promising a clean break from the european union. .he dollar came under pressure donald trump set to assume the reins of power in three days. care to help navigate the risks and rewards, the global market strategist for j.p. morgan asset management, samantha azzarello. we saw the market reaction to that speech today. how should investors interpret what she is saying? i do think the signs were there all along. she made references to the fact that she wanted to see a clean break. half income a half out what strong language in our view. this is still messy. there's uncertainty around all types of politicians. it is too early to say. likewise, here in the u.s., we have seen markets trading with a recent level of certainty around donald trump and yet come in recent days, we have seen wavering. where do you guys come down on that? samantha: it depends on the asset classes were looking at. equities,like he was the

good morning, emma chandra. emma: president obama said farewell to america west night, join a contrast between himself and his successor. he warned against turning economic issues between the white middle class and minorities. >> if we are unwilling to invest in the children of immigrants just because they don't look like us, we will diminish the prospect of our own children because those brown kids will represent a larger and larger share of america's workforce . obama alsodent acknowledged that despite his historic election eight years ago that his vision to lead the country believe the white house with them. into ratetigation emissions tested the german automaker will pay $4.3 billion and plead guilty. costwill raise vw's total to more than $23 billion, more than the company had set aside. one of the federal reserve's most hawkish inflation fighters is staying down. it plans to retire october 1 this year. he has led the regional fed bank since 2004. global news 24 hours a day powered by more than 2600 journal

global news 24 hours a day, i am emma chandra, this is bloomberg.res up by 2/10 of 1%, off the lows of the session. 90 can see relatively flat, earnings came in better and a revenue came in better, but u.s. same-store sales were down 1.3%. the estimate was to be down 1.4%. andentary on the consumer the turnaround that mcdonald's has been issuing. one stock had left to cover is halliburton. that stock off by 6/10 of 1%. earnings came in better, but this was the headline, north america returning to operating profit. if the oil services have pricing power, does that put pressure on the oil companies in the u.s.? oil rig count up 19%. analysts say halliburton is in growth mode. rafe at -- wrapping up with actelion. a test phaseled in for drug -- for lung disease but should not impact the merger with jefferies. coming up, you must financials have been big winners in the trump trade based in part on expectations of less banking regulations. hold up andumption what specific regulations need to be relaxed to have a real effect on the bank's performance ? we

chairman,s made a popularly known as chandra.he head of the biggest software exporting services since 2009. in the time his profits quadrupled and these talks tripled, becoming india's biggest company by market value. he is also on the board of india's central bank. surged int shares tokyo trading as the troubled company and the u.s. justice department may announce a settlement as soon as today. the airbags linked to 17 deaths worldwide. a could pay a fine as much as billion dollars and possible criminal charges. a settlement would allow it to come to to search forward with a search for a buyer area manus: thank you very much. have a great weekend. cio of lloyd'she private bank. big picture for the year, we had a quick look at your outlook for 2017. persistence -- i would raise the i am constantly on the edge of my seat. i can't see the germans giving any money away. countries arel moving away from austerity. it is less that they are putting see fromsomething we the donald trump and part of his campaign, promises, tax cuts, and f

. >> chandra hopes the change won't come easily. her husband voted for president trump. >> pay attention, donald trump, because we're speaking to you. >> the demonstrations have been peaceful and crowd sizes exceeded organizers' expectations. as you talk to those who made the journey here, they all have a different reason for coming. but they say they're inspired by what they see as a movement they hope is only just beginning. jose? >> jacob rascon. president trump made this a working saturday on his first full day in office. today's agenda trying to repair strained relations with the country's intelligence agencies. he traveled to the cia bringing with him nothing but praise for the agency while, once again, taking aim at the media. kelly o'donnell has more. >> reporter: on day one, president trump's motorcade headed from the white house south lawn briefly passing the march protesters to america's spy headquarters with mike pompeo and the vice president. trump came to deliver reassurance in very personal terms. >> i love you, i res

i'm emma chandra and this is bloomberg.own week for the dow since the election. what might the first week of 2017 have in store? we will take a look at that next. this is bloomberg. ♪ jonathan: this is "bloomberg daybreak." , 9:45 a.m.oday eastern, manufacturing pmi. manufacturing. at the same time, november construction spending. david: time now for battle of the charts. we have kevin kelly facing off against abigail doolittle. it's your second outing anyone the first time. want to talk about what we talked about postelection and that is small-cap stocks. what i want to look at is the sector in particular and that is consumer staples. did here and why is consumer staples and the blue line is the russell 1000 index for consumer staples. ,ver the last five years or so consumer staples small caps have really outperformed the large-cap peers. what is more interesting is that if you take a look at the purple line, that is the spread between the four p/e ratio for these two sectors. done well compared to large-cap peers, they've

emma chandra has more.iled part of its plan to mitigate illegal immigration. speaking to reporters at his first official briefing, white house press secretary sean spicer laid out some of the immediate priorities of the new administration's immigration agenda. >> the president has been very clear that we need to direct agencies to focus on those inside this country illegally and have a record, a criminal record, or pose a threat to the american people.that is where the priority is going to be , and we will continue to work through the entire number of folks here illegally. emma: it's the first time spicer .as addressed the press he criticized some news agencies for "deliberate false reporting" about pictures of crowds gathered for the inauguration. president trump is taking aim at a trade. he criticized some news agencies for "deliberate false deal he st workers. he signed an executive order pulling the u.s. out of the transpacific partnership trade deal. congress never formally authorize the agreement. the

i'm emma chandra. this is bloomberg. get a recap of today's market action, the dow adding to its advanced closing and yet another record high, this time 100 points above that twice was a level. s&p and nasdaq are retreating a bit. here.e little changed financials and industrials the big gainers here, health care and consumer staples were the losers. we have to look ahead. for tomorrow trading a lot of names and focus. results, earnings per share for last quarter beat analysts' estimates as revenue for the outlook. intel says first-quarter revenue will be higher than what analysts are looking for an first quarter below results, eas per share for last quarter beat its margin,timates the only profitability measure it gives. 63% plus or minus a couple of points. joe: paypal earnings also after the bell, that stock just under 2%. people not liking the outlook. the company did not reiterate its earlier three-year outlook 74, thecal year 2017 to 1 low end of the range. its margin, the only profitability measure itsame story on

let's get you first word news with emma chandra. emma: top u.s. intelligence officials say russia is a major and growing threat to u.s. government, military, diplomatic and commercial operations. todayals are testifying at the senate armed services committee hearing. they are focusing on russia's meddling in the u.s. presidential election. >> every american should be attacked by russia's attacks on our nation. there is no security interest more vital to the united states than the ability to hold free and fair elections without foreign interference. emma: intelligence agencies say russia is one of 30 nations developing the capability to launch cyber attacks. donald trump said he is quoting julian assange and he is not an ally. he said "i simply statement he thinks. it is a for people to make up their own minds as to the truth." president obama is expected issue at least one more batch of pardons and commutations before leaving office. the white house says they will likely be nonviolent drug offenders, some high profile people seeking compassion. wa

i am emma chandra.adelphia, president shrimp -- president trump urged people to move fast on the agenda. president trump: this congress is going to be the busiest congress we have had in decades maybe ever, think of that. and think of everything we can who we mustremember achieve it for. oliver: for more on trump's remarks, we get a reporter from that retreat. heaven, tell us what is going on here. republicans trying to light a fire under him, will it work? reporter: they have a lot of work to do with president trump taking a series of executive actions on everything from the transpacific partnership to environment regulations with pipelines, and the to do list for congress is long. the lawmakers i'm speaking with on capitol hill tell me they are reality in terms of clockwork in congress, and this takes longer than president trump would like to see. the bottom line is in terms of legislative action, we will not see any laws passed until the end of february at the earliest. it will take things off with -

emma chandra has more from our new york -- more from new york.mma: a day after protesters jammed several airports, the president said just one hundred nine international travelers out of 325,000 were detained. they said president trump made reference to his new policy of meeting business leaders. president trump: we had a good day in terms of homeland security. we had decided to make the move. putor federal judges have part of the immigration plan on hold. according to abc news, the president has narrowed his shortlist to two federal appeal court judges. there has been an opening on the court since last february when antonin scalia a died. in quebec police say they don't know the motive for a deadly attack on a mosque. six people killed and eight wounded. canada's prime minister calls it a terrorist attack. he was once one of the richest people in brazil. now the former billionaire has been arrested in rio dean -- in rio de janeiro. batista is a target in the long-running investigation. they had flown to new york less than 36 hours before. global

popularly known as chandra. the head of asia's biggest software exporter 2009. during his tenure shares have tripled while net fourfold grown making it india's largest company by market value. boertdso been on the of india central bank. the founder of sxwrij scaramucci has been named an assistant to elect trump. he'll take on an advisory role after being among supporters and a member of his transition team. he's as the mooch, been seeking to sell his in preparation for a possible white house role. senate republicans took their first big step towards dismantling obama care and now it's over the house republicans. lawmakers are expected to friday on ay as budget resolution that would set the repeal effort in motion. still get d delayed with many policymakers concerned about taking this step without an eventual replacement. a day, 24 hours 2,600 journalists and analysts across more than countries. bloomberg. >> the samsung jay y. lee is back home after some 22 as a of questioning suspect in korea's undue influence scandal. prosecution saying he denied most of the a

i'm an much this is bloomberg. -- i'm emma chandra. announcing it will layoff or 21% of its workforce, it will continue ni lab testing mi platform. that will leave the company with 220 employees. as we mentioned, the u.s. added 156,000 jobs in december. the work of a harvard economist who studied the world of sat down with michael mckee. contrasts are everywhere in economics or anywhere in the world, really. very simple trades mother is a contract behind that. it becomes more interesting when people are involved in long-term relationships. i've been particularly interested in how two firms might conduct a relationship with one another. this may be a relationship that goes on for many years and they can do it by a long-term contract or one firm can purchase the other firm. when would it be the case that the buyer would merge with the supplier or purchase the supplier and do the transaction inside one big firm? mike: this is something people rely on -- you've done work on decision rights. of a case you think where the two parties try to

i am emma chandra. this is bloomberg. vonnie: thank you.crosoftintel, and reporting earnings after the bell. microsoft topped estimates, while the other two companies fell short. joining us is bloomberg's cory johnson who covers tech from san francisco for us. a beautiful sight behind you. cory: sunrise. we like it. the day getting longer. vonnie: before we get into paid clicks about which you are looking for, alphabet beat. cory: i think what is important with the trend and what really struck me was the rise in revenue. this is one of the largest businesses in the history of mankind, think about that, yet it grew at a 22% annual clip. the pace of growth for this giant business -- it is profitable, a lot of free cash flow -- a lot of important things, but the pace of growth is so important and better than it was a few years ago. the company has capitalized on mobile, new platforms for ads -- new types of ads at different price points. they have change the world of advertising. if you pick up a copy of "sports yorker,"ed," "the new so much o

chandra, heown as has been the head of asia's exporter sincee 2009. during his tenure, shares have income hasle net fourfold. fiat chrysler shares plummeted after the company was accused of cheating on diesel admissions. the u.s. environmental protection agency said software was put in certain vehicles, them to exceed pollution limits. met all maker said it necessary regulatory requirements. this comes days after vw agreed $4.3 billion fine for its own emissions scandal. stairs of takata after the company is said to be close to reaching a settlement with u.s. justice department over its air bag scandal. up to $1eved a fine of billion could be announced as soon as friday. also faceaker may criminal charges after its devices were linked to at least deaths. global news, 24 hours a day, more than 2600 journalists and analysts in more countries. this is bloomberg. ♪ >> thanks very much. can janet yellen teach teachers and maybe even donald trump about the fed? thel find out shortly, as fed chair is holding a deliverde webinar to her message. you are lookin

. ♪ emma: i'm and that chandra here in the hewlett-packard greenroom. scara soon to be president donald trump. jonathan: from new york city, this is "bloomberg daybreak." let's look at the asset classes for you. this is how the stage is set as we get back to work on wall street. a second day of losses on the ftse 100, down 9/10 of 1%, potentially the first today loss following that record 14 day winning streak. futures are little bit softer across the board. in the fx market, the pound is stronger and the dollar is weaker. by 2.29%.rate up potentially the biggest one-day move since 2008. on the one side, president donald trump saying the dollar is too strong and inflation rates in the united kingdom getting back to 2.5 year high. prime minister may and the content of that speech giving a short squeeze of the pound. spot to 0672. alix: oil is up 1.5%. you ignore it every time. [laughter] vos we take it back to da where erik schatzker is with qualcomm chairman paul jacobs. francineerik: good to see you. the jacobs family has been well-known supporters of

kicking things off today, emma chandra. 710.is all about jobs ahead of tomorrow's u.s. jobs report. the creation going back to 1939. blue for democrats, river republicans. president obama ready to hand donald trump the best stretch of job growth since the 1990's. the past six years has seen more than 2 million jobs created every year, way above the long-term average of about 1.5 million jobs. issident-elect donald trump promising to create a further 25 million jobs in the next decade. that is a tall order given the tighter label market. easy the beginning of a downward trend at the end of the chart. what might be more important for donald trump is whether he can boost productivity and fair wage growth, something economists have a concerned about in the u.s. that is 701. mark: jobs, jobs, jobs. can you beat that bonnie -- vonnie? vonnie: china, soaring funding costs. you can see from this simple but effective chart, just as it did last year in january, this january we are seeing a massive increase in the cost of funding positions

is that -- did we record that because i should send that to chandra because that was good.little -- wow, chills. >> "gma," i quit. i'm moving to hollywood. >> peace. >> well, reality set in. i'm here today. yes, and "scandal," it returns tomorrow night at 9:00 p.m. eastern right here on abc. you don't want to miss it. >>> coming up the piano guys will perform live. ♪ >>> we are back now with the piano guys. the guys are here, the youtube supergroup made of four very talented dads from utah. here they are with a hit from their album "uncharted." it's called "it's going to be okay ♪ ♪ ♪ ♪ doubt is a broken record that plays inside my head ♪ ♪ i try to turn it down but i can't quite drown it out ♪ ♪ i'm tortured every day these never ending worries ♪ ♪ pulling on my sleeves ♪ so many times now i was supposed to tap out ♪ ♪ all the walls would fall down around me ♪ ♪ all anybody would tell me is all that bad news how it's gonna fall through ♪ ♪ but no matter what they say or what they say ♪ ♪ it's gonna be gonna be okay ♪ ay ay ay ay ay ay ay ay ay ay ay ay ♪ ♪ ay ay ay ay ay a

i'm emma chandra. this is bloomberg.beganident his first full week in office meeting with corporate executives. today, he is wrapping up the week with his first meeting with the foreign lead a foreign lead. may addressed the nato alliance. today, wester may: have reaffirmed our unshakable commitment to this alliance. the president confirmed he is 100% behind nato. we are also discussing the importance of nato continuing to ensure it is as equipped to fight terrorism and cyber warfare as it is to fight more conventional forms of war. oliver: let's go to guy johnson who is here at the white house. let's start off with a comment on nato. we have a great story this weekend about the same topic a lot ofthe idea that countries have not been could you beating their fair share of towardsf gdp protection, towards the military. what do they want to get done with nato? guy: they want to get a number of things done. to ensure the white house engages with the current western security architecture, that it sticks with nato. the presid

i'm emma chandra. this is bloomberg. thank you.ly to fulfill key promises he made during the election campaign. moments ago, he signed directives on border security and century city's. before taking action, he spoke about his plans with abc news. >> ultimately, it will come out of what is happening with mexico. we will start those negotiations relatively soon. we will be, in a form, reimbursed by mexico. >> so they will pay us back. >> 100%. scarlet: kevin cirilli is at the white house. we also have a guest from mexico city. toterms of the action here, be clear, this was an executive order and not a presidential memorandum. yesterday's action regarding the keystone pipeline was a memorandum. kevin: absolutely, and that is the fine print did this is a repackaging of campaign rhetoric but it does little to provide details into how exactly he will implement his proposals. he will be relying on congress in order to do that. of course, the capitol hill aides i speak with tell me the budget fight, particularly for the funding of how he w

i am emma chandra. jonathan: we are getting some breaking news on the bloomberg. alix: getting some news that holiday comm sales fell. this is a decline from what they saw earlier by about $.25. the stock is now down by about 5% in the premarket. another sign that certain retailers cannot hold up to amazon. jonathan: another one to watch before the market opened -- deutsche bank. they are seeing some cutbacks. we are joined by a bloomberg analyst from bloomberg tello -- bloomberg surveillance. >> i think this is no surprise. it came up several times in the third quarter conference call. if you look at what was ,appening with the decrease they said at the time that they would take into consideration that they have when considering the bonuses. it has been a difficult year for deutsche bank. isx: is this the worst it going to get for those bankers over there? >> with deutsche bank, there are a lot of legal issues. the ones with the department of justice were the biggest. it was finalized yesterday -- the settlement was finalized yesterday. from the time they took th

>> guest: the indian physicist chandra sekhar, the first to come up with a person -- the notion of blackholes. one thing that came out was how funny einstein was. we think of this great sage. someone with a german jewish sense of humor. that helped us. it wasn't an affectation of pleasantness on top. it helped him. when he was a little boy of 7 he had a little sister, he was upset one afternoon, took a bowling ball and threw it at her, hit her in the head and she wrote that shows it takes the big skull to be the sister of world-famous physicist. that sense of humor, that ability to step back and tease what is going on is exactly what he did in physics. everyone had the notion that outerspace was flat. you flip a ball bearing, flick a planet along it will go in a straight 9 but he could imagine this curving, how could two parallel people converged? real clever, step back, imagine it not being on a flat surface but a curved earth. that humor, einstein's sister wrote a little later when einstein was in a secondary school in munich, his teacher of greek said einstein you will never amount to

. >> can we record that because i should send it to chandra.ead this morning. >> both: good morning, america. >> this is going to be scandalous. >> oh. ♪ >>> good morning. we're all big kerry washington fans. can't wait to hear that. what a great audience here. >> we can't hear ourselves. >> so loud key want hear each other. >> we can't hear ourselves. >> i said did kerry treat you well? did miss washington treat you well? >> miss washington treats -- i was going to say tweets. >> she does tweet. >> she did tweet too but very, very well. made me feel like a vip on the set. >> yeah. >> ah, that is so fun to go to. that cast, they're friends. >> great crew. >> can't wait to see it. >> she's very kind and speaking of that, our great kindness challenge is going strong. have you all heard this? we are all across the country and people are sending us their photos and videos. we have more than a thousand schools that have signed up to be a part of this. >> and take a look at what these kids from carlsbad, california, did. 600 of them. >> i love that.

good morning to emma chandra. cisco is making an acquisition.reed to buy company for $3.7 billion. they snapped up the software maker just before it's time to go public. chuck robbins joins us at 9:30 a.m. today. they are trying to retain the ability to do business in the european union after the u.k. exit. people familiar with the matter say the move is seen as administrative, less about moving people, and more to preserve access to european investors after brexit. jump has helped them a lot more than $284 million in bonuses, stock holdings, and other investments. the bank is letting its former president collect about $65 million in cash. that is ultimately $220 million .n goldman equity he must liquidate holdings to take his new place. that is your bloomberg business flash. alix: thank you. dow futures up. these are some of the movers you want to me watching. profit missed but revenues were better and shipments of aluminum products rose 42%. this was the first quarter they represented where the companies were split into two. also take a look a

here's emma chandra.ota lost its title as the world's best-selling automaker to volkswagen. it sold a record 10.3 million vehicles last year. toyota sold about 10.2 million. the automaker has been the world's best seller for the previous four years. vw was hurt by the diesel emissions scandal, but booming sales in china offset it. sony is taking a $1 billion write-down in its struggling movie business. -- manyts recent films of its recent films have underperformed. a few weeks ago they said the entertainment chief is stepping down. that's the bloomberg business flash. david: thanks. theests erupted over weekend after president trump's immigration order, and ceos have voiced their disagreement with the ban. for more we are joined by boris epstein, special assistant to the president. boris, no synergy you get through a successful inauguration, then all of a sudden you are juggling hand grenades. i wonder what it must feel like these days. >> i'm not going to characterize it. it's a great honor to be here. i

oliver: let's check on the bloomberg first word news with, chandra in the newsroom. ,: the trump administration for the environmental protection agency. they are banning press releases or posts to the agencies social media accounts. the trump administration has ordered a temporary suspension business activities at the department. the senate foreign relations committee has voted overwhelmingly to approve south carolina governor nikki haley as ambassador to the united nations. by voice vote, the panel recommended her to the full senate and is expected to be confirmed easily. michigan environmental officials say flint's water system no longer has led exceeding the limit. that is good news for a city whose 100,000 residents have grappled with a man-made water crisis. the lead levels are now comparable to other u.s. cities. the minnesota governor says he has been diagnosed with prostate cancer but will finish the final two years of his term. one daythe announcement after collapsing while delivering his state of the state address. he does not believe the incidents are linked. he says he will travel t

i'm emma chandra. this is bloomberg. vonnie: we want to give you a quick check on u.s. stocks now.s aost interesting there racing games. -- erasing gains. the nasdaq down .1%. the ruble weakening dramatically. the peso as well, still weaker at 21.88. now to our markets wall and abigail doolittle. abigail: we saw a brief burst of volatility there. around donald trump's press conference. the sector most hit, health care on bearish statements from trump. and health care stock that its gains, mark. it remains the biggest boost to the dow today. -- merck. street is very bullish on this come including goldman come ever core isi, jpmorgan. this is a distinct positive. investors seem to agree with this bucking the trend for health care. before the press conference, verizon was the biggest drag on the dow. we now have johnson & johnson ,nd pfizer in that standpoint quickly living after president-elect trump did mention that he thought drug companies would have to bring their businesses back to the u.s. there could be bidding processes this may come as a bit of surprise to some investors. al

it's very interesting and colorful and busy >> now have i'm pleased touce cn introduce chandra manning, struggling for freedomn the civil war casts in whollyld original like what it was like to escape slavery, how emancipation happened and how citizenship in the united states was transformed. in the wall street journal mark smith praised that troubled refudge is striking, story of the jowshy towar