let's bring you up to speed with mark crumpton. mark: somebody who has to come through those tunnels every day, it is pretty bad. president trump decided to continue to waive economic sanctions related to the 2015 nuclear accord with the ron, -- iran, leaving the deal intact for now. releasepresident did new sanctions among 14 people and entities involved with the ballistic missile programs, and a crackdown on government protesters. president has repeatedly denounced the nuclear agreement negotiated by president obama, and in october, declined to certify that it was an interest of the u.s.. he has stopped short of .crapping that deal altogether south africa's ruling party is calling president trump's comments on african immigrants "extremely offensive." -- the deputy secretary general of the african national congress told reporters that developing national countries do have problems. >> it is not as if the united states does not have difficulties. there are millions of unemployed people in the usa, people who do not have health car

david: let's go to mark crumpton.sident trump and chuck schumer are holding a meeting at the white house. the talks are aimed at averting a government shutdown. mitch mcconnell continues to take aim at schumer for democrats refusal to back a proposal that would keep the government operating. mcconnell said the country is being held hostage over illegal proposal that would keep the governmentimmigration and that e orned into this discussion about an otherwise agreeable piece of legislation. leader hascratic convinced his members to filibuster any spending bill that does not include legislation for people who came to the united states illegally. if the president stands on the sidelines, we cannot solve this problem. common we can find ground. that is what the american people expect and we should give them nothing less. the federal government has not experienced a shutdown since 2013. trump's prototypes of his proposed ball with mexico are holding up well in testing. custom agents are using a variety of tools to try and

julia: let's get a check on the headlines with mark crumpton.ney general jeff sessions launched a review today of a widely used practice of immigration judges closing cases without decisions. sessions is challenging the use of "administrative closures," without legal status. a lifeline to immigrants applying for citizenship, permanent residency, or other visas. critics say judges let people stay in the country longer than they should too often, in a legal purgatory. talksel macron admits with turkey for its ascension to the european union remains stalled. at a news conference in paris with the turkish president, president macron added a lengthy process of string in turkey along with hypocritical. he also discussed the leader's differing points of view on syria. he maintains his criticism of the regime. the un security council will hold an emergency meeting about iran. nikki haley praised the demonstrators saying "the u.n. must speak out on their behalf. " russia has warned against external interference in what it affairs.ran's internal at least

let's look at headline news with mark crumpton.ump russia is helping north korea get around international sanctions. the president said that russia appears to be filling in the the chinese and restricting oil and coal supply to tom jan -- to north korea. the rival koreas have agreed to form a unified olympic team and have their athletes parade together for the first time in 11 years during the opening ceremonies and next months winter olympics in south korea area and of the show -- an official said that north korea , andsend a cheering squad north and south korean athletes and the squad will cheer together. he added that north korea will send an advance team to the south before the games to check the olympic facilities. says theaker paul ryan gop is negotiating in good faith in order to reach a deal on immigration. the moreyan says pressing need is to avoid a government shutdown by reaching a bipartisan spending agreement, program must be a addressed by march 5 area >> talks that are occurring in earnest. in ant to fix daca balance

i mark crumpton. this is bloomberg.avid: governor john kasich of wrote an op-ed in the new york times. he specifically says they are making a terrible mistake with the spec to daca and the dreamers. they should be allowed to stay in the country. says securing the border is -- unregulated labor is unacceptable. i spoke with the governor a short time ago and asked about the approach he would take with different groups involved. john: these groups of people are right on the razor's edge. are they going to be divided? think about this for a second. imagine that your son marries a dreamer, they have a six-year-old son, and then the dreamer come his wife, is told she has to leave the country. the sun causing and says, where should our son go, should i leave the country? we don't need to do that. these are people contributing to the country, they are working hard here. if they break the law, that is one thing. but if they are law-abiding and fully integrated, no reason to ship them out. secondly, on this business of the salvad

first word news with mark crumpton.e releasing publicly, president trump will review a memo on alleged fbi abuses. bias andent alleges surveillance of people .urrounding the president the federal communications commission says an employee who mistakingly sent an alert -- alert warning of a realistic missile, thought an attack was imminent. testing alert capabilities and not the employee, it drove for a real warning and the missile threat. assigned to a job without access to the warning system. leading people to fear the state was under nuclear attack. the european union top environment official warning countries that they face legal action as they ignore standards. speaking in brussels today, commissioner said some countries have still not met deadlines set for 2005 and 2010. consequences for citizens. member states have responsibilities to act. mark: poor air quality causes more than 21,000 deaths in europe annually. huge crowds gathered in a park today to witness canyon opposition leader being sworn in at an operation

i am mark crumpton. this is bloomberg.ay of relative quiet, government protests in toronto have returned. tehran have returned. welcome a retired brigadier mark kimmitt. we have seemed several days of protests. a deadline next week, of the president deciding whether or not to recertify the iranian deal. mark: it is clear the president will not certify this again. seegreat question is do we iran as an enemy? or a country that can come back into the international fold? president trump's administration is quite clear that iran is the enemy. what we are seeing inside of is theght now opportunity for the president to get behind the iranian people, but also to convey the message he is there for them. how influential has this nuclear deal been in curbing ir an? mark: i don't think it has done anything. they will work the edges of that agreement to continue their nuclear program. they will stay within the margins of the agreement. david: did the slow them down? we thought it one point they were close to having nuclear capabilities

first word news with mark crumpton. mark: before releasing publicly, president trump will review a memo on alleged fbi abuses.

let's check of the bloomberg first word news with mark crumpton. mark: u.s. conference of mayors president mitch landrieu says the conference is canceling its scheduled white house meeting with president trump. in a statement he said, "unfortunately the trump administration's decision to threaten mayors and demonize immigrants yet again and use cities as political props of the process has made this meeting untenable." microsoft cofounder bill gates says the trump administration's america first approach could undermine u.s. influence in africa over the long-term. gates spoke with bloomberg news editor-in-chief john micklethwait today at the world economic forum in davos. >> i think he should. that is the area where i have chosen to take the wealth created through microsoft and warren buffett has been so generous in providing. i understand that money can be very well spent.

crumpton -- i am mark crumpton, this is bloomberg. that to you in washington.thank you very much. activist tom steyer is waving a high-profile campaign calling for president trump's impeachment. monday, he announced he would not run for public office this year. he is putting laser focus on this year's midterm elections hoping to usher in work democrats to the house of representatives. >> i am putting $30 million behind next gen america's program to unleash the full political power of young voters. they are now the largest block of eligible voters in america capable of swinging elections on and they're horrified by what is happening in washington, d.c. david: let us talk to the man himself. mr. steyer is with us now from san francisco. some of us were a little surprised. they thought you might announce for senate or other office. take us into your thinking. how carefully did you study this? did you actually take a look at what the chances were you might win an election? tom: i said throughout 2017 that in theoing to do organization was going to do what ever it w

mark crumpton has more. he signed a proclamation honoring martin luther king jr. day, president trump did not respond to questions about his use of vulgar language regarding immigrants from haiti and africa . as expected, the president took to twitter to deny media accounts of what he said. but during the signing ceremony come heat -- he spoke of dr. king's legacy. >> this april, we will mark a half-century since reverend ing was so cruelly taken from us by an assassin's bullet. while dr. king is no longer with us, his words and vision only grow stronger through time. mark: the chairman of the congressional black caucus, saidc rissman, a louisiana the president's comments about haitians and africans reinforce the concerns that we hear every day, that the president slogan make america great again, is really code for make america white again.

let's check on the first word news this afternoon with mark crumpton. mark? mark: in davos, president trump told the world economic forum that america is "open for business." he says he has taken aim at bureaucrats and their regulations. president trump: the u.s., like many other countries, unelected bureaucrats. believe me, we have them all havethe place, and they imposed crushing and antibusiness and anti-worker regulations on our citizens. no legislative debate, and no real accountability. in america, those days are over. mark: the president also said he is in favor of three trade, but it has to be fair. earned onesident o party in a to ruling group today, president erdogan appeared to be in defiance of the united states, which has

i am mark crumpton. this is bloomberg. ♪ julie: live from bloomberg's world headquarters in new york, i am julie hyman come in for julia chatterley. scarlet: i am scarred through. joe: i'm joe weisenthal. julie: stocks are in the green but the dollar has had a rough ride. joe: the question is, "what'd you miss?" scarlet: gdp reports speedbump for the dollar. growth seemed out of reach in the fourth quarter. harassment allegations against steve wynn taking its toll on wynn resorts. the billionaire many is denying reports he sexually harassed a number of women. another pocket of winter weather is heading for the u.s. ironically, rising temperatures around the world may be responsible for an increase in the winter cold snaps. what'd you miss?

first word news this afternoon with mark crumpton. mark: president says michael wolff's behind-the-scenes look at the white house is full of lies. tells nbc he can back everything up. >> i have recordings, notes, and i am certainly, absolutely, in every way, comfortable with everything i have reported in this book. fury:the book "fire and inside the trump white house" goes on sale today. it is already number one on amazon. the washington post is reporting that nsa director mike rogers is retiring this spring. admiral rodgers has informed the workforce of his decision expects president trump to nominate his successor. the senate will confirm his replace met this month. agencyironmental section is touting cleanups at several of the nation's most polluted signature of a compliment in the trumpet ministrations effort to reduce the number of superfund sites. but records show the work was completed before mr. trump took

i'm mark crumpton. this is bloomberg.nks so much, mark. with the immigration debate raging in washington, and a government shutdown hanging in the balance, the country is wondering whether republicans and democrats can find common ground we welcome -- find common ground. we welcome christopher lu. he comes to us today from washington. good to have you here. we can tell from your tweets that you have a strong view on immigration. at aside the partisanship for moment and help us see whether there could be common ground. you could move toward the republicans on that we could take care of the dreamers that everyone says they are concerned about? christopher: there is common senators graham in durban came to the white house last week with a bipartisan proposal. that is not the easiest thing to do. i was with senator obama in 2005 when the u.s. senate passed a comprehensive immigration proposal that died in the house. a dyed in the house many times since i. there is a reason why we have trying toars with come up with proposals.

i am mark crumpton, this is bloomberg. julie? julie: thank you, mark. this week, we have brought you the best conversations from the world economic forum in davos, switzerland. with jimtzker sat down coulter, co-ceo of private equity firm tpg. they discussed what worries coulter and what an investor investorons -- why expectations have changed. i would describe the mood here as euphoric. are you picking that up? >> there are several layers of moods going on. on the political side, it is open versus closed nationalism versus globalism. on the tech side, there is always a buzzword. this year, it is ai and blockchain. and i always look for underlying themes. one that is intriguing me this year is tech-last, which is the backlash against technology. tech has been about enabling change, and now there are questions about what environment those changes might challenge society. erik: in what quarters are you finding that? everywhere or in pockets? jim: in many places. listening to people on the business side, the question of employment backlash, what happens to

i'm mark crumpton. this is bloomberg. president trump singh moments ago that his meeting with a group of bipartisan lawmakers on immigration was very good. president has been mapping out his plan to address the long simmering issue. he plans to provide protection for young immigrants known as streamers, increased border security and leave some of the tougher negotiations on comprehensive legislation for later. kevin cirilli joins us now from the white house. rest of the gop going to think about that plan and to what extent does this facilitate getting some kind of spending bill in the short-term? >> i thought it was remarkable that president trump really doing something very unusual. that is inviting members of the more than 50 minutes inside the white house for a bipartisan meeting with lawmakers. we are still parsing through everything that might mean. president trump backing off and signaling that he could be willing to make a deal on the issue of immigration out of that january 19 deadline. he says perhaps he left som

mark crumpton is here.k: more fallout over steve bannon's comments in a behind-the-scenes book about the trump white house. steve bannon's main financial backer, rebekah mercer, cut ties with the former white house strategist after speaking on the phone with president trump . that's according to people familiar with the matter. sayiple media outlets the fbi is taking a fresh look at the foundation. "the new york times" reports that agents have interviewed people connected to the foundation about whether any donations were made in exchange for political favors while hillary clinton was secretary of state thousand nine to 2013. president trump and congressional republicans have made repeated calls for an investigation. british defense secretary is warning that dangers from the islamic state are "far from over" despite its defeat in iraq. speaking in baghdad, he said the fight now enters a new phase and he expressed his government's commitment to continue working with the u.s. led coalition to hunt down remain

i'm mark crumpton. this is bloomberg. david?: is addressed to the world economic forum, president trump courted foreign investment in the united states. reassuring them he is not anti-trade despite his america first rhetoric. president trump: we cannot have free and open trade and some countries they split the system at the expense of others. -- exploit the system at the spence of others. free trade needs to be fair and it needs to be reciprocal. in the end, unfair trade undermines us all. david: this is a message leaders will find reassuring? monica de bolle. the president is there to attract more investment in the u.s. he talked about tax cuts and fair trade. will this increase investment? monica: he struck a more moderate tone the what we had times.m say in recent i guess the answer to your question is yes. he did speak of the u.s. being open for business, and his comments on trade, he was quite are measured then he has been lately. but he did mention the issue of for super bowl trade -- of reciprocal trade. that is something

i'm mark crumpton. this is bloomberg. ♪ this is bloomberg. ♪ scarlet: live from bloomberg world headquarters in new york -- julie: live from bloomberg world headquarters in new york, i'm julie hyman. scarlet: i'm scarlet fu. joe: the question is"bloomberg markets." -- "what'd you miss?" the question is"what'd you miss?" "what'd you miss?" president trump's remarks on the currency contradict his treasury secretary's comments on a weaker greenback. and ahead of intel's fourth-quarter results, investors will be watching for the aftermath of bloomberg --. trump broughtnt his america first message to davos, trying to explain to world leaders that a stronger united states will benefit them as well. he started with prime minister theresa may of great britain, drawing on the east oracle relationship between the two countries. >> where he are liking each other a lot. there is a little bit of a false rumor out there. i just want to correct it. we have great respect for everything you do. later on he held a dinner

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's world headquarters in new york. i am julia chatterley. scarlet: i am scarlet fu. joe: i am joe weisenthal. julia: the s&p 500 index is adding to its winning streak, up for a six to straight day. joe: what'd you miss? stepet: china takes a toward opening its financial markets. step toward opening its financial markets. should investors be concerned? the health-care industry navigates the aftermath of the tax overhaul, including a repeal of the obamacare individual mandate. insightins us with his from the jpmorgan health care conference. and prime minister theresa may is looking to hit the restart thisn in the new year, but is backfiring, which is, locating the next stage of brexit talks. julia: what'd you miss? the people's bank of china surprised the market today, by trump -- by removing a hurdle to the influence of market forces. the central bank governor is approaching its end. long-term reforms are looking to get back on track. join

i'm mark crumpton.this is bloomberg. ♪ julia: live from bloomberg's world headquarters in new york on julia chatterley. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. julia: stocks are mixed, taking a step back from yesterday's all-time highs. joe: the question is, "what'd you miss?" scarlet: the clock is ticking clock isnment -- the ticking for lawmakers to avoid a government shutdown. week, bbtngs this expects to invest its windfall back into the business. kelly king joined us in the next half hour to tell us where the savings will go. and investors of bitcoin are strapped in for a wild ride. out whether bitcoin needs technology more than technology needs bitcoin. 2013 islashbacks to lawmakers each closer to a federal government shutdown. ofall comes down to a matter votes. speaker paul ryan is close, according to his team, but the chairman of the house freedom caucus mark meadows disagrees, saying he does not have the votes, at least not yet. we are joined by national political reporter's ideal co

i'm mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's headquarters in new york, i'm julian chatterley -- jewel you chatterley. thetocks are in the green, dow surpassing 25,000 for the first time ahead of the jobs report tomorrow. joe: the question is, "what'd you miss?" the storm batters the northeast. the band breakup takes another turn. president trump threatens legal action against his former top strategist. what can ripple effect will it have on the republican party? and wages back in the spotlight. torsten slok says income inequality is likely driver of populism around the world with ramifications for asset classes. he joins us in the next hour. cyclone, is that what we're calling it? scarlet: or just a big, bad blizzard. julia: "what'd you miss?" , presidenteakup trump's very public separation from his former chief strategist. steve bannon pledge his undying's or for the trump agenda this morning while the president told reporters today he no longer even speaks to ban it. .ease-and-

i'm mark crumpton. this is bloomberg. julia: january shaping up to be another hectic month in washington. there's a looming deadline for funding the government and president trump is focusing on new parts of his agenda as well as old. joining us from the white house is kevin cirilli. happy new year. that were putes on the back burner to get tax reform done at the back end of last year. one of the things that came up in the press weekend was immigration and the suggestion from the president tweeting that if you want to get a solution going toreamers it's cost you a mexican wall. tell us more. new year, same tweeting from the president. earlier today the president tweeting out about daca ahead of the generally 19th deadline for lawmakers on capitol hill to pass the partial government funding bill in order to prevent another government shutdown. mitch mcconnell says he believes republicans have a bit more time after that genuine 19th deadline but you are absolutely correct. democrats are united in their opposition against an

i'm mark crumpton. this is bloomberg. julie: davos is bracing for president trump's arrival and his team is setting the stage. treasury secretary steve mnuchin is breaking tradition and endorsing the dollar's decline. he says, "a weaker dollar is good for us as it relates to trade an opportunity." wilbur ross said the u.s. will fight harder to protect its exporters. joining us is michael mckee, bloomberg's policy correspondent. mnuchin was echoing what his boss, what president trump has indicated in the past. the dollar is down about 10% over the past year. that is not just because -- michael: i have been asking what is going on? the fed is raising interest rates. we should see the dollar get stronger. there are a lot of different stories about what is happening. the rule is for treasury secretary's, it is similar if somebody ask you does the dress make me look fat. if it does, you don't say it. currency traders tend to take what you say and build on it and overreact. when the dollar is moving in a direction, lower lately

i am mark crumpton. this is bloomberg.wist in the very public break between president trump and steve bannon. trump's lawyer sent a cease and desist letter to the publisher of that explosive book of michael curie. it feels like a symbolic move at this stage. evin: there has been a lot of focus on the steve bannon part book.hael wolff's the white house has pushed back on these details, on the first family. sarah huckabee sanders and stephanie grisham have both released statements. focusing on the steve bannon were outside of washington and trying to understand what this means, steve bannon was the top advocate for there to be a more nationalistic, less global economic vision for this administration. working outside of the white house, he was for that viewpoint. that is gone. steve miller, his protege of sorts, someone who is still inside the white house as a senior policy advisor is more close to president trump with the steve bannon -- than steve bannon. bannon is operating business as usual. me this hasces told to do with

let's look at the headlines with mark crumpton. president trump today welcomed kaz of stan's president to the white house. the leaders discussed ways to strengthen economic ties between the u.s. and the central region nations and enhanced security measures for dealing with north korea. >> kaz extent -- it is a value partner and together, we are determined to prevent the north --ean regime bannon -- robert mueller according to the new york times, then and will testify before a grand jury, possible extra in russia and president trump's associates. he testified behind closed doors in front of a house committee. republican presidential nominee mitt romney is not saying whether he will run for the utah senate seat being vacated by retiring republican orrin hatch. he declined to answer when asked about a 2018 campaign while speaking about economic and policy issues in salt lake city. the former massachusetts governor moved to utah after losing the 2012 presidential election and became a frequent critic of donald trump. going on spending

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's world headquarters in new york, i am julia chatterley. scarlet: i am scarlet fu. joe: i am joe weisenthal. julia: we are 30 minutes from the close of trading. joe: the question is, what'd you miss? scarlet: senator orrin hatch, the longest serving republican senator in u.s. history to retire at the end of his term. how much will the economy grow now that the tax cut is a done deal? thiel reportedly bitcoin,bank on criminals are loading up on a privacy coin called manero. julia: we are back. i am so excited. the republican party is about to light up in utah. sender hatch has held office hase 1976 -- senator hatch held office since 1976 and will not seek reelection. this could open for a move for mitt romney to submit his bed. -- his bid. reactll president trump with having to share washington with his old foe? give us the details on this. we were talking earlier about tensions between mitt romney and the president between the election c

we turn to mark crumpton.e airspace over mar-a-lago estate was violated on new year's eve while the president was at the residence. two f-16 fighter jets were patrolling the area when the intercepted the private plane and escorted into an airport. the pilot told officials he was unaware of the flight restrictions. the united nations security council gets its new members today. coast,ial guinea, ivory the netherlands, peru, and poland were installed on the 15 member council. the u.s., china, france, you and the u.k. are permanent members while other countries rotate on two-year terms. hackers in north korea are hijacking computers to mine cryptocurrencies. that is according to an analyst at the south korean government. kim jong-un's regime is height -- widening its hunt for cash because of tougher financial restrictions. it would be a nice way to kick up the year by winning a few hundred million dollars. no one has won the mega millions or powerball drawings over the past few weeks. tonight's mega millions is w

i'm mark crumpton, this is bloomberg. julia, scarlet? scarlet: we have some breaking news across the bloomberg right now. the president of the travel ban is getting a review from the u.s. supreme court. they will review the ruling that has said the president overstepped power. the high will begin hearing arguments in april on the trump travel ban. this follows the san francisco ninth circuit court in late december dealing a blow to that travel ban. julia: and april feels like a really long time away. scarlet: first things first. julia: exactly. president trump has canceled his trip to florida this afternoon and his meeting with senate minority leader chuck schumer at the white house, to see if there is a chance to avoid a government shutdown at midnight tonight. earlier today, both sides defend their positions. >> the president is actively working right now to try to prevent a shutdown. i will contend to you that it is dramatically different to what president obama was doing in 2013. >> i hope the president will join us. if you will, we

first word check on news with mark crumpton. pessimism, paul ryan expects congress to come to terms on a stopgap spending measure. he said provisions on defense spending should include incentive for a bipartisan agreement. >> i have confidence we will pass this. members understand why honor for we want to have a government shutdown? the military on starts kicking in. that is not in anyone's interest. mark: the speaker added the continuing resolution has the presidents. tweets contradictory about health insurance program extension art not causing's problems at all. the president today fired back at his own chief of staff, john kelly told democratic lawmakers the united states will never thetruct a wall along southern border. mexico will never pay for it. in a tweet, the president said the wall has never changed since he conceived of it. he also said mexico will pay for it, directly or indirectly. pointing to the trade surplus with the united states, he also called nafta a bad joke. a row, opecear in has increased their forecast f

i am mark crumpton. this is bloomberg. shery: thank you.traight ahead, the senate is in session and facing the same sticking points on a spending deal, will democrats nudge a deal on daca? this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn. vonnie: i am vonnie quinn. the senate is back and so our fears of a showdown with two white house officials, mick mulvaney and the legislative director mark short will head to the other end of pennsylvania avenue to meet with congressional leaders of both parties. lawmakers repeatedly punted on the issue of a spending plan last year and now have until january 19 to get something together. is there progress being made? we had the latest. what will democrats be pushing for, daca is the main thing but they will have to give something in order to get any kind of agreement on daca. >> they are pushing for parity between defense spending and domestic discretionary to spending. they want a dollar for dollar increase on a raise for the pentagon for programs like health care and education and

i'm mark crumpton. this is bloomberg.-- scarlet: we have breaking news crossing the bloomberg. metlife shares are lower in after-hours trading after they say they found material weakness in its reserve review. it will take as much as $195 million for a hit. it was searching for lost pension and inuit he clients. it will result anywhere from $165 million for net incomes. by $500 will be boosted million in taxes. the earnings report will be delayed, as well. has beenas said it given preliminary fourth-quarter numbers here. for $1.08ere looking for the fourth quarter number. this unexpected reserve boost and charge from a annuity reserves review. i wonder if there is any link -- not link, but whether it is similar to what ge's capital is and what ge found with regards we charge their. -- there. julia: an interesting question. they were undertaking this review of practices and procedures. they push back their full announcement of earnings by two weeks, so we expect that to come in the middle of february. february 14 they will

. >> let's get to mark crumpton.rumpton: the senate moving to end a three day shutdown of the government. congress is given a most three weeks to solve disputes over spending and emigration that led to the shutdown. the president and i have not spoken in the white house refuses to and gauge over the weekend. the dealmaking president sat on the sidelines. >> it would be my intention to take up legislation in the daca and address border security, and related issues as well as disaster relief, health care, and other important matters. >> it is also expected to pass. the european union to step up political efforts in the middle east. foreign ministers and brussels, they expressed disappointment in , called the swift recognition and recommitted to negotiations with israel. a spanish judge refused to ask --ish authorities to address who arrived in copenhagen today. it is the first outside elgin him since he fled there to avoid a spanish probe for his unsuccessful succession bid for catalonia in october. the judge does not

i am mark crumpton. this is bloomberg.d gains today and more than three years, trading at $63 a barrel. goodlly, they weren't as as expecting. joining us as global economist. actually, it doesn't come down to the same extent as we were expecting. i would expect this to be a little sensitive about it. no one cares, they want to buy. the bloomberg expectations -- the bigger trend, crude inventories are down. commercial inventories are down. people were expecting to see crude inventories beginning to rise. so actually what you are saying is don't believe bloomberg. narratives,the second 2015, when it was super low, the u.s. was a marginal producer. we would see a flood of new production, and i was essentially acting as a cap of any gains. the u.s. still seems to be producing a lot, but why hasn't that mechanism kicked in? i think the mechanism is kicking in. we saw u.s. oil production beginning to rise. in 2016, and now you see prices accelerate. the point is that it is not enough, it will be enough at some point, and the sof

mark crumpton has more. vice president pence has officetered the oath of to two new democratic senators today. doug jones takes the seat from alabama after his historic win over roy moore. tina smith replaces fellow democrat al franken as a senator from minnesota. franken resigned over sexual harassment allegations. republicans hold a 51-49 and in the senate. -- edge in the senate. the demonstrators met in front of the european council in -- in the buildings and called on the european union and the international community to put pressure on the iranian regime. >> they are filing the demonstrations in the country, the increase of violence and the unacceptable losses of human life. for the eu, human rights has been a court issue in our relationship with iran. peaceful demonstration and freedom of expression are fundamental rights that apply to every country. mark: iran's revolutionary guard declared an end to what it calls the sedition. in the western year. a skier was killed in the french alps when a tree fel

i'm mark crumpton. this is bloomberg.vid: earlier today, alix steel ,nd i sat down with tom barrett a close friend and advisor to president trump. we asked him whether the controversy surrounding the president's statements and tweets could stall the momentum he built with the passage of the tax overhaul package. >> i don't think they are losing momentum at all. meants a difficult in my -- environment for any politician. we are freeze framing tiny vignettes in real-time. it never happened before in a political environment. you look at results and look at a section of productivity and not confuse efforts with results. calm theportant to emotional nerves of everyone around the world as to what's happening is to understand that this administration doesn't do anything whimsical. what appears to be whimsical is actually well thought. when you talk about the bakeries of a book -- it's the best selling book in the world. people can judge whether it is fiction or fact. david: let me put you on that a little bit. we had thisht, rep

let's check the headlines now with mark crumpton. is confident may of getting a satisfactory post-brexit trade deal with the eu. she spoke in davos. >> r.i.m positive we will be able to get a good arrangement for the future, which is a comprehensive trade agreement for the united kingdom. the reason i believe we will be able to come to that is because what i see talking to other leaders is we are pragmatic about it. mark: southeast asian leaders are celebrating ties with india. the leaders of the association of southeast asian nations met celebrate ties between the block. they said india favored a rules-based order for the oceans and seas, and respect for international law. jared kushner's legal team is denying the trump advisor and interview declined a with congress. the senate judiciary suggested spooked after the surprise relief of age -- release of a transcript of one of the interviews. top democratthe agreed to make other transcripts public including interviews with donald trump, jr.. forunited nations is asking $3 billion in ai

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg world headquarters in new york, i am julia chatterley. joe weisenthal: i am joe weisenthal. >> stocks bouncing off the lows after earlier gains. the 10-year still up above 7%. reins, the fede on chains the race today. confident inflation will pick up. social network set to report earnings for the first time since mark zuckerberg announced a major change to its news feed set up. and, in the cloud for microsoft, the tech giant set to report earnings after the bell this season. continuing away from the software business, will continue to drive growth. what did you miss? incidents and out rations sexual harassment and assault are prompting change around the world. one policymaker is answering that call that would define men -- for lewd behavior. the ongoing conversation about diversity in the workforce, we speak with marlene, minister for gender equality. great to meet you. come your planning to present a bill in france to tackle against wom

i'm mark crumpton. this is bloomberg.jobs report underwhelm's. , almost 60,000 less than expected. .3% from been earnings growth. to talk about the money we have harm bandholz. we were describing it as tepid. what do you think? -- a bit more moderate, for sure. what we have seen over the last it up months, the labor force is growing, we are at full employment. obviously these payroll gains were not sustainable. joe: that's basically what i was going to ask you, is it about a slowdown or there aren't many workers left to pull into the workplace? i think that's eventually the reason we weren't able to sustain the table games. we were getting excited about these fluctuations. saying there's a slowdown or a boom, but if we just smooth it out like six-month averages, or 12 month averages, we see that it has really reached peak dynamic since 2014. since then it has slowed steadily, but gradually, but consistently. in 2017 we had about 170,000 per month, still good, but we have come down a bit. scarlet: so if we've seen this dec

mark crumpton.k: president trump he is imposing new tariffs " to protect american jobs and american workers." the president acted today to on solarw tariffs energy components and large washing machines in a bid to help american manufacturers. president trump: our action today helps create jobs in america for americans and will foride a strong incentive lg and samsung to follow through on their recent promise to build a major manufacturing plant for machines right here in the united states. mark: administration is imposing an immediate tariff of 30% with the rate declining before phasing out after four years. evancky governor matt confirms to people were killed this morning in a high school shooting. 19 others were wounded. officials say the suspect is in custody and the fbi is working with state and local law enforcement in responding to the shooting. it happened in a town located about 120 miles northwest of nashville. cia director says north korea is moving "ever closer to putting americans at ris

crumpton, this is bloomberg. what'd you miss?verages closed at a .of course they were rising even before the shutdown was ending. here to talk more about how investors are reacting to the dysfunction in the sea is been labeler, globally equity strategist. i keep edging myself. a storm pointed out earlier -- as joe pointed out earlier, it seems like a stock got no matter what. effort to send? -- is that fair to say? paul: what if we just wrote that in a note -- joe: what if we just wrote that in a note? >> they usually go up when the government shuts down so dry your conclusions from there. newave had a little bit of your positioning, fear of missing out thrown in there. the one thing that sort of surprised me is last year, institutional investors saw very little coming into u.s. equities. sort of holding back. this year, they're still holding back. we saw huge move in retail investors. they're the most polished they have been in 10 years. that is a key to us. at the levels, they are pretty high. it is pretty good. we're in unchar

i'm mark crumpton. this is bloomberg.esident trump has called nafta "the worst trade deal ever signed by the united states." many people in kansas have benefited, which is let their senator, republican jerry moran concernedution, "i'm withdrawing from the agreement will harm our farmers and ranchers and cost us jobs." we welcome him now, coming to us from capitol hill. it is good to have you here. sen. moran: thanks so much. david: how much would withdrawing from nafta really hurt your state and the people in it? sen. moran: i think it is significant. nothing wrong with trying to get a better trade agreement, to modernize, to update. but if the actual withdrawal occurs, i think it is very damaging to the economy. the way i explained this during the tax debate, and i think the tax reductions are helpful to a growing economy but you have to have income to get the benefit of tax rate reductions. if we lose our income in kansas, the benefits will be greatly diminished. what i would say is we are in exports state. you mentione

mark crumpton has more.rmer arizona sheriff arpaio has announced he plans to run for the u.s. senate seat now held by jeff lake. the 85-year-old is a republican and a close ally of president trump's. he tweeted today he is seeking to support the president's agenda "in his mission to make america great again." he was spared a possible jail sentence last week when the president -- last year, excuse me, when the president pardoned for defying a judges order in an immigration case. the european union will host a meeting with the foreign ministers of iran, france, germany, and the united kingdom this week to discuss the state of a landmark nuclear agreement with of the iran. -- iranians. the united states has said it would container scrapping -- they would consider scrapping the deal. been more progress in the first high-level negotiations between the two koreas in more than two years. after a 11 hours of discussions, north korea and south korea agreed to hold military talks and further dialogue. jong-un's'-- kim

"bloomberg markets" mark crumpton market market, mark crumpton "bloomberg markets". retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. i am mark crumpton with first word news. a white house lawyer formally asked seen bannon to cite executive privilege in declining to discuss key conversations with add strags officials. that triggered a battle with how investors by refusing to answer questions as a closed hearing yesterday. they have now sabeaned him. trump's former campaign manager and senior white house aid are being interviewed today behind closed doors by the house intelligence committee looking into trump campaign contacts with russia. that is according to the associated press, citing two people

it is with mark crumpton.resident trump is labeling the justice department part of the so-called deep state. that is the alleged entrenched bureaucracy mr. trump and his allies promised to eliminate. he tweeted this morning "hillary clinton's top aide has been accused of disregarding a six security protocols. she put classified passports under the hands of foreign agents. remember, pictures on submarine. deep state justice department must finally act. also on comey and others." vice president pence's office says his delay trip to the middle east is off this month. hadvice president pence postponed it after arab leaders to announce the u.s. for recognizing jerusalem as israel's capital. peoplent trump says the of iran are finally acting against what he calls their beautiful -- brutal and corrupt government. he tweeted about the largest antigovernment protest and iran since the 2009 election. the president wrote the iranian people have little food, big inflation, and no human rights. iran supreme leader blames t

mark crumpton has more. jeff sessions was interviewed last week by special office.robert mueller's a justice department spokesman said sessions was question about possible russian meddling in the 2016 presidential election and whether president trump has obstructed justice since taking office. this is the first time mueller's team is known to have interviewed a member of the president's cabinet. kentucky governor confirms one person was killed this morning in a high school shooting. nine other people were wounded. officials say a suspect is in custody. the fbi says it is working with state and local law enforcement in responding to the shooting. it happened in the town of ben 10, 120 miles northwest of nashville. a new international partnership against immunity for the use of chemical weapons has been launched in paris. the plan championed by the united states and 20 other countries, seeks to better identify and punish anyone who uses chemical weapons. secretary of state rex tillerson called out russia follo

here's mark crumpton. mark: thank you.ryan is defending a vote by republicans on the house intelligence committee. to release a classified memo on the russian investigation. that memo appears to show improper use of surveillance by the fbi and the justice department, which ryan says could be in violation of american civil liberties. >> there may have been malfeasance at the fbi by certain individuals. it is our job in connecting transparent oversight of the executive branch to get to the bottom of that. best is infecting. what we want is all of this information to come out so that transparency can reign supreme and accountability can occur. mark: speaker ride was adamant that the release of the four-page memo is unrelated to special counsel robert mueller's investigation which he says should be allowed to run its course. environmental protection agency scott pruitt's distancing himself from his 2016 statement that then presidential candidate donald trump is a bully who, if elected, would abuse the constitution. rhode islan

with get to the headlines mark crumpton.ian president vladimir putin says north korean leader "won thisl and haun has match in acquiring nuclear weapons." he called kim an educated and mature politician. he says the north korean political leader developed a nuclear warhead capable of hitting any target. angela merkel's second attempt to form a government is up against a deadline today. it has been months since her party won an inconclusive vote. the chancellor wants to avoid new elections and begin her fourth term. more than 300 people arrested and tear gas fired as protesters hurled rocks during continued nationwide protests over rising prices on many items including food, and medication. the tunisian government have accused political opponents of stoking the unrest.in the unpopular price rises , saying they are essential to improving the economy. the egyptian president has the support of most of his country's lawmakers. more than 500 of egypt's 596 legislators have signed recommendations supporting a reelection bid by him