dani burger joins us.ld's richest person has announced his biggest ever philanthropic effort. $10 bezos committing billion. it will issue grants in just a few months. is to save the earth. amazon has been under pressure to act. jeff bezos had not pursued any projects up to now and then there is the environmental impact from the company. there has been a lot public criticism about this. the company committed to an 80% renewable energy impact. will this be on off to squelch criticism? a worker group from amazon says it applauds the move though it is still propping up fossil fuels with its daily operations. matt: dani burger looking at the fund it.on bezos tom stevenson is still with us. theme has been huge for us lately and probably longer for you. what do you think about this investing? tom: the remarkable thing is what happened over the last year. we run a survey of roughly 150 analysts around the world. we cap into the conversations -- conversationse they have with companies around the world and we ask th

dani burger has market reaction. ysts come out and say uber for some of them is their top tech call. this profitability is a big deal for uber. they didn't see it coming for 2021 -- until 2021. this doesn't mean they will see a total year of profitability, but if they can get there, that is huge for the company and brings benefits like inclusion in indexes, meaning they could get a lot of passive flows. the way they achieve this, a lot of cost cuts, so analysts warned this could come at expensive growth. however, shareholders are very excited, and you can tell from option positioning. the option for bullish call options, yesterday the flow hit a record, 240,000 calls traded on uber. the most popular call option for this is one expiring today, at a price strike of $40. yesterday, uber was trading at $37 at the close, so it would need to rally by 7.8% today to get to the most popular call. post market yesterday it was up 5.5%, so we could get there and it could be a very profitable trade for investors who piled into the

here is your morning call with dani burger. >> no bullish capitulation. their hanging overweight targets on the stocks. morgan saying jp the fiscal result in a 17% shipment drop and the cheaper iphone se model will likely be delayed. see saying we are likely to a knee-jerk negative reaction in apple stock because this confirms the street's worst fear, that this is going to hit apple and the supply chain and hit it hard. wedbush andclear, rbc say this is temporary, an issue of timing. that over the long-term, this does not change their bullish ebit. this is going to push back the likelihood of sales we would see in the third quarter. nejra: alan higgins is a still with us. are you an apple bowl? ?- bull alan: we are not in the stock. look at it from a rating point of view. could it be rate? easily. de-rate? easily. earlier, as about the poster child of a global stock season, it is anticipating a reshape. i would be cautious. ,anus: if we look at the chart the lowest since 2010. alan: that was the chart. manus: bring that back. our u.s. complacent? a chart

here with the details is dani burger. was in his blog a couple days ago, really stark language he used here. an eys currently, we're in ra of cognitive distance -- dissonance. even though there are so many red flags. the latest thing that could prick the bubble is the coronavirus. markets aren't pricing in the economic toll it could have. these are dire warnings, saying china's gdp could fall to a -6% annual wise, and there could be a dramatic impact, and oil could fall to $25 a barrel if opec doesn't take action. again, marcus not reflecting this. he said throughout his entire career, he's never seen any sort of disconnect from what we currently see. his recommendation, how do you deal with this crazy world we're living it, buy the highest quality assets. you might be paying more, but it's where you need to be. matt: the craziest he's ever seen. this guy has a lot of experience, so that is truly a dramatic warning. thank you for that, dani burger with your morning call. let's take a look at the stocks to watch, other sto

nejra: dani burger, thank you so much. jub is still with us.re seeing resilience in equities because of what we heard from apple yesterday, but already today we are bouncing back. then you look at corporate yield spreads, those have been tumbling toward all-time lows david is this complacency? headlineou look at the index levels, it looks like there hasn't been much of an impact at all from the virus. some of the subcomponents between health care and autos, there has been a meaningful divergence of performance, so i would say that the market is not panicking over the virus impact, but it is trying to be quite specific about where we should rise more risk premium and has been in those cyclical sectors. these are the places that given that china has such a dominant source of demand in those sectors, 50% of commodities imports, those sectors are feeling the pain the most. but in terms of the headline index, that is also a function of the fact that monetary policy is increasingly supportive and the fact that there is more insert year-round this vir

joining us now is dani burger. dani: seems like every company seems to mention the coronavirus to some degree when they report earnings. the latest is standard charter this morning saying that their hong kong business is weak because of the economic outlook, then you add in the coronavirus and they missed a key profitability target. this goes for any asia-dependent business. say if you sold alcohol to restaurants and bars in asia, so someone like ab inbev also read the alarm, on track to one of their worst orderly profit declines in nearly a decade. ricard, thesenod other uncle companies also taking a hit. other businesses say hotel. they did include the coronavirus forecast, their marriott, saying they could see a hit of up to $25 million a month should the coronavirus impact continue. finally, the darlings of the bull market rally, tech has not been immune. last week it was apple and hp issuing warnings. this week it was microsoft, saying production is taking longer than expected to get back to normal. sales have

dani burger takes us forward with a little bit of a look at brexit. ok., let's get out to maria tadeo. boris johnson, we are waiting stand itpeech today to is going to be all battle hard. maria: it will be. one speech will be by the prime minister and the other will be the man leading the negotiation. we know that the prime minister will say that the u.k. wants a big, broad trade deal. they are thinking that canada might be the best model for the u.k.. he also warns that the united kingdom will not rule taker of european rules. today, michel barnier, will put out those red lights from the european union. manus: maria, thank you very much. this is bloomberg. ♪ amazon prime video is on xfinity x1. so when you say words like, "show me best of prime video" into this, you'll see awesome stuff like this. discover prime originals like, the emmy award winning the marvelous mrs. maisel, tom clancy's jack ryan, and the man in the high castle. all in the same place as your live tv. it's all included with your amazon prime membership. that's how xfinity makes tv... s

here with the analysis, dani burger. dani: frenzy is an understatement.umes skyrocket, this from goldman sachs. from the start of the year, we've seen volumes search, and that was coming from a record. this is showing just as many options trade as the underlying stock itself. it's the highest on record. dominating this by far is call options, bullish options. most of it is in the highflying tech names, and tesla of course. tesla still has the bigs increase. besides them, the next biggest increase comes from microsoft. the call options has exploded. we saw some of the biggest amounts of bull options. we're seeing they are crossing more than puts. a lot of this is likely from a. investors are wary about high valuations, but they do not want to miss the rally. there also seems to be a retail component to this. as an example, here are the mentions of microsoft on a popular subreddit. you can see it went from barely any options to adjust within a mentions, andred of lot of them revolve around trading options themselves. rather than buying call options, they re

dani burger is looking at eqt. philippe a pacheco -- felipe pacheco is covering heineken.tart with you. what have you got on the dutch brewer? >> that's correct. this could be a quite positive session for heineken today after they deliver numbers that were actually much better than analysts were expecting. if we look at sales, for example, they rose 5.6% versus on estimate of 5.1%. heineken said that sales in brazil for the heineken brand were actually -- the country is now the largest market for heineken, which proves that it was quite a smart decision to buy business in that market. they also said it is too early to assess the impact of coronavirus in the beer industry. if we look at asia-pacific, and specifically, sales their increased by 12%. that helps explain why the company actually decided to name business in that region as the new ceo starting in june. anna: thanks very much. let's get to dani burger on eqt. >> the private equity giant had earnings today for their full year. their dividend coming in weaker than had previously been expected. their basic eps also mi

dani burger with the latest on scott maynard.marinov, we are looking at this piece over the weekend and he talks about this cognitive dissonance in credit markets and i like what he says. there is a mindnumbing excuse for investors to see -- to ignore the red flags. when are the biggest cognitive dissonance risks of cognitive dissonance? --cognitive dissonance? -- thein that moment biggest risks of cognitive dissonance? are unablehe fact we to assess the true impact of what is happening in china and how it will impact the global economy, but yes, we will willfully close our eyes and keep pretending as if nothing is happening or nothing has happened. and thet point of view, reason we do that is because years,d again in recent whenever we are dealing with a shock to the system be if the conflict or a slowdown in europe, sovereign debt crisis, the central banks'policy officials were somehow able to brink, so it is a repeated game where we have all of these shocks that are facing us and we have to make a choice. do i sell now or do i

here is dani burger. line was a perfect segue. hearing these individual companies talk about the hit from coronavirus but i want to actually quantify this. i am using the s&p 500 as a proxy. the number of companies that had mentioned coronavirus wasn't $9 trillion of the u.s. market cap. this is pretty significant -- $9 trillion of the u.s. market cap. another 29% in the blue say there will be an impact but it is somewhat limited. only about 5% of companies have said that it is going to be the severe impact. the parts of these bars start to grow as we go more into earnings season and companies continue to see the increased fallout. again, the majority just saying they are monitoring. according to bloomberg economics, yes, it might be too early to tell, but that does not mean the consequences won't be bad for these companies. nejra: we have got fresh clues on the fed's stance in the minutes from the latest meeting. policy makers indicated they could leave interest rates unchanged for several months but remain on guard against domes

let's get the morning call with bloomberg's dani burger. ing that investors should be looking at defensive assets. specifically defensive fixed income. they have upgraded their call on bonds and moved it from mutual to underweight. the chief strategist spoke about this in his upgrade -- rather, his adjustments to his portfolio. the language he used was stark. he said the global economy is at the mercy of the coronavirus. he said for the midterm, this is they and investors should be taking. the is overweight u.s. treasuries as well as local --rency on the other side local currency emerging-market debt. there really big other asset that has done very well is gold. but he says that because of this massive rally we have seen in the precious metal, it is starting to look expensive. however, we are not quite there yet, according to managers because of paltry yields and because of all the risks out there, gold is still an attractive buy despite the fact that it has seen such a massive rally. anna: thanks very much to bloomberg dani burger with the

just over 1.5 hours into the trading day, let's check in on european stock rivers with dani burger. hi, francine. we start with the biggest mover to the upside on the stoxx 600, houma. -- puma. one of the big reasons we are seeing the rally today is that the 2019 earnings are coming in much stronger than inspect -- than expected we saw a big boost to their apparel business and that is helping out sentiment. deutsche telekom, another share to the upside, trading at its highest and two decades after an earnings season increase of growth in their operating income. the fourth quarter was strong and they are reassured by the topline growth in germany. also another headline that they are getting closer to finally finishing the deal with sprint to sell their t-mobile unit shares, rallying more than 3%. to the downside, renault, falling 2%, joining the fallen angel club. moody's has downgraded their bonds to junk, so now they are one grade below investment. moody's is saying that essentially it does not look like renault in the medium-term will be able to restore their operating margins to h

thank you so much for joining us, dani burger.ew program on the burgeoning etf market. europe" every friday. this is bloomberg. ♪ francine: china lowers tariffs on farm imports as stocks rally. central banks running out of ammo. risk-on is the only game in time and european stocks it all-time highs. iowa, buttigieg and sanders remained at ken. neck.ain net and welcome to bloomberg surveillance. i am francine lacqua in london. these are your markets. a lot more hope. yesterday was our

dani burger looking at renault for us. let's kick it off with you. is the story with the carmaker? dani: rough run for the carmaker. moody's cut their rating on the company yesterday, putting their corporate debt at junk, so now it is just one below investment grade. they are looking at sales falling 16%, and they say that given the company's outlook, it looks like their margins will not improve significantly in the midterm. i should say s&p still maintains their investment grade rating, but again, that's just another piece of poor news for the carmaker. telekom, this story, i have to say, i started my professional career covering bn ina reporter for frankfurt. there was already the talk of a possibility of a sprint deal. now we see that finally coming to fruition. >> that is very much the key part of the story today. the wireless market is competitive and getting more competitive as well. the sprint deal, as you said, is the key part of the earnings and what will be driving shares this year. one thing to note as well is t-mobile u.s. is doing well i

but here with your morning call is dani burger. calls technical strategist at bank of america. he says yields will meet a new record low that will happen in the first half of 2020. att of what he is looking here is just the momentum of treasuries. bites, yields coming back a , but he thinks those levels will attract investors and the momentum is not going to last. from a macro impact, there are plenty of catalyst, despite the fact that we came into 2020 looking like some of the risks might be over. but china growth is a whole thing on its own, as well as just any sort of u.s. election risks. so look out for record lows in those yields. anna: just like our conversation yesterday, lots of factors pushing down on those yields. let's have a word about one stock we were talking about. imperial brands abandoned its forecast. they are writing down the inventory due to a ban in the united states. keep an eye on that sector. european equity markets are set to open up informant. in four minutes. anna: a minutes ago until the start of cash eq

anna: dani burger with your socgen morning call. goingneral directions are to be up, it would seem.eye on world bid for whatking a would create the fourth-largest payment company globally. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. wheneveryone is different.a, which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. anna: a minute to go until the start of cash equity tradin

dani burger is going to focus on elian's.oe, let's start with you. >> jean pierre mustier, the leader of unicredit currently, has been touted as the next potential external candidate to run hsbc, which is quite a good fit in terms of his recent experience. he has been responsible for a bit of a turnaround at unicredit which has involved many job cuts and restructuring and also a ,hift toward a more digital technology message for the bank. it is interesting that they are talking about an external candidate potentially being on the cards to come. we saw this big restructuring plan announced by hsbc on tuesday. analysts generally saying they are looking to see how the market reacts to that announcement. the stock has actually fallen about 5% since tuesday. we could see some positive reaction data later on today. matt: all right, so the deck continues to get shuffled as far as european bank ceos. on thee, details deutsche telekom deals. annmarie: that's right. an amendment to this t-mobile-sprint, which has largely cleared regula

dani burger with a look at earnings season.een a tumultuous period in his time as governor of the bank of england, not least the volatility set off by the u.k. vote to leave the european union, brexit. he sat down with francine lacqua, who started by asking whether he would have taken the job if he had known the ups and downs of brexit to come. yes. well, i viewed at the time as a central banker, i had been asked to come help with financial reforms to the bank of england, and candidly at the same time making sure the economy recovered. we were at least statistically on the cusp of a tripled a procession at the time i took job, and i felt -- triple-dip recession at the time i took the job, and i felt it was here where challenges were greatest and central banking and i wanted to contribute. the challenges were even greater than i realized at the time i've never regretted it at all. it has been a privilege. francine: what you have done anything differently? mark: not on the big calls, no. francine: there was communication at times

let's check in on the european markets with the main movers with dani burger. dani: hi, francine.you off a deal news, b software,, -- r i trading just over that. -- we are seeing declines, renault, the sunset part earnings, having to spend before year end. renault, the biggest shareholder of nissan, so we continue to see that partnership impasse. barclays missing on their fourth-quarter revenue. also overshadowing the earnings was jes staley being investigated by the fca over ties with jeffrey epstein, so shares fell by nearly 2%. francine? francine: thank you so much. dani burger staying on top of the market moves. 20 more on market reaction throughout the day. "bloomberg surveillance" continues in the next hour. tom keene joins me out of new york. in the meantime, stocks falling. actually deploy a revised methodology to diagnose coronavirus. yen alles, gold, and advancing. this is bloomberg. ♪ francine: the u.k. fca probes jes staley's ties to jeffrey epstein, while the barclays chief executive speaks to us exclusively. he says he's been transparent about the relationship. a vol

dani burger has the markets in london.cks headed to their first back-to-back daily gain as the fears of the coronavirus deepened last month. juliette: absolutely. from the solid rally on wall street in the overnight session, but perhaps investor optimism that the impact of the global economy might be more short-lived. chinese stocks, having their and two-day gain since june small-cap stocks in china, reversing post lunar losses. back to the level before the weeklong holiday. we were talking yesterday to the impact to macau's gaming stock. seen a little rebound coming through in some of those casino players. iti, forecasting gross gaming revenue will fall 12% versus its prior change to 8% it made earlier this week. nejra: juliette saly, thank you. in china, we see tesla suppliers catching a bid. what is happening in india's tech sector? niraj: good morning to both of you. much more late than other currencies, but india in different sectors, all of these without exception have been on a tear the last one month. free i have c

alix: thank you so much, bloomberg's dani burger. announcements happening here in london, bear with me as we have a loudspeaker going. several democratic candidates will meet in south carolina for a last encounter, before the primary on saturday. joining us from charleston is kevin cirilli, bloomberg's chief washington correspondent. kevin: hey. the big showdown is tonight at debate. bernie sanders, fresh off his nevada caucus win, trying to ride the momentum and clinched the democratic nomination. last night at a cnn democratic town hall, the senate are saying that even if he doesn't obtain a 1991 delegates needed to officially clinch the democratic threshold, if he gets a plurality of those delegates, he feels that he should still be the nominee. former vice president joe biden saying, not so fast. he is hoping to be fueled by african-american support here in south carolina ahead of this weekend's contest, hoping that that will give him a bounce-back of sorts heading into super tuesday, one week from today. the other candidates als

here to wrap up the filings is dani burger.managers was the overriding theme. mostly, these big managers just me -- need small tweaks to their portfolios. the two most added shares was just plain vanilla. already gained 20% heading into the fourth quarter. warren buffett's berkshire hathaway really no exceptions here. a few trends to its banking stock. it took a relatively small position in biogen, but a bigger stake in kroger supermarket. 2% of its market cap. we can see it made the shares gain. kroger gained nearly 6%. the tech darlings. when it comes to alibaba, here is the total aggregated amount added. they boosted their stake, but tiger global/there's. some also drew interest. interesting and popular bets of the quarter was uber, really one of the only stocks to be at the top. the hedge funds added the equivalent of 6% of its market cap. more cash was piled into a uber than facebook, tesla or apple. francine: thank you so much. when you look at some of the earnings outlook and this goes back to the filings, but just in ge

let's get an update with dani burger. past, fears the outbreak, we have seen commodities get hurt, but since the opening of china's future market, we are seeing these markets having to play catch-up. in china it is everything from steel to agriculture which is getting hurt. we are seeing a lot of these markets hit, 8% down per you can see iron ore, crude, steel, these are all dependent on china. as soon as they open, they are still hanging around the 8% level. the pboc has attempted to shore the situation by ingesting more liquidity. is, is it justso a knee-jerk reaction? is it panic selling, is a china catching up with the rest of the markets? people familiar learned that chinese oil demand has fallen by 20%, one of the worst drops in demand since the financial crisis. and citi came out with estimates slashing their forecast across commodity markets, and saying that these markets will not cover until the fourth quarter of this year. so, yes, we are seeing markets selloff. according to citi, it might continue until late t

here's dani burger with this week there is an e.t.f. for that. dani: cannabis e.t.f.'lantic after the success of the product in north america, hand e.t.f. and purpose investments have launched the medical cannabis and wellness e.t.f. it's cross listed in london and frankfurt and this new fund is linked to a basket of u.s. and canadian marijuana stocks. half of those stocks touch the plant. in other words, directly invest in companies that grow can luss. i should say all the companies it is invested in are medical marijuana stocks and you'll get no recreational marijuana stocks in this. perhaps appealing to those more conservative mind investors. so far this week it's gained about 5% and is better than the s&p which gained about 4% but over its launch, it launched january 14, it's basically up 1.5%. so not stellar performance but e.t.f.'s in hese america, despite a little disappointment they continue to get assets and this one has nearly $7 million worth of a.u.m. francine: thank you so much. now let's get passive aggressive. after years of brexit uncertainty, demand fo

dani burger is looking at julius baer.overing telefonica focusing on anglo american earnings. what's the story with julius baer? >> switzerland's market watchdog has put criticism on julius baer, saying that they failed with some of their money laundering checks. they are pointing out a venezuelan oil company and their between 2009 fifa and 2018. they are demanding julius baer we look at some of their practices and momentarily put a hold on any large acquisitions. julius baer acknowledging the shortcomings, saying it regrets it and plans to cooperate with the watchdog. matt? matt: thanks very much for that. we've got telefonica out. what do you see? >> well, we could see telefonica shares being pressured in today's session, especially after the results that we have from deutsche telekom yesterday, which led to a surge in the stock. from telefonica, what we know as of now is that revenue came in pretty much in line with what analysts were expecting at 12.4 billion euros. when we look at the operating income before depreciat

going me with more is bloomberg's dani burger. can you give me more on the move we have seen in gold? dani: the move is pretty clear, just a factor of the weird everything rally we live in where we have stocks trading at all-time highs and gold at a 2013 hi. it is just a mixture of foam a but many of the global growth concerns coming on because of coronavirus fears. how much longer can these gains continue? haven of choice amid the coronavirus fears. they have long positions, saying -- within an get to few years. a v-shaped recovery would put pressure on gold, but for now the relic continues, and we see base metals like copper come under pressure, it still, oil on the back of a seven-day rally. it is going to be the longest rally in quite some time. some of the supply concerns abating, as well as the time you stimulus -- the china stimulus. gold obviously a very popular buy right now. alix: thank you for that perspective. finally, michael bloomberg coming under sustained attack in the debate last night in vegas. >> most americans d

joining me is bloomberg's dani burger. walk us through some of the big ones. dani: today is really a day of superlatives. 2016,the lowest since gold jumping to a 2013 hi. 2013 high. as evercore strategists put this, we are in a new phase of the coronavirus outbreak. that is going to give us this knee-jerk, gut punch reaction in market. credit default swaps in europe jumping the most in two years. when you look at both of those see thestoxx 600, you ftse made down, and europe has become the epicenter of the outbreak. that means markets are already very sensitive. these are high beta markets as they stand because of the economic weakness. a lot of what has been thrown out the last couple of weeks is v-shaped recovery. investors are a lot of -- investors are waiting on the sidelines as there's a lot of going -- a lot of fomo on. the service economy is going to take a long-term impact, a long-term hit, and we are seating that start to get priced in. alix: thank you for that. now let's go to the global story. focus is cases jump. china climbing past 79,000. joining

dani burger with your morning call.cks to pay attention to today include atlas cop go. that company is bidding 50 euros a share for its revision, according to a statement released earlier. they switched the revision here in germany, and the offer is 43% premium, so you can expect to see the shares jump. this is the trade gate quote, but in the live trade they will likely grow. the open in four minutes time. this is bloomberg. ♪ sometimes your small screen is your big screen. and with the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technolog

joining us is dani burger. it seems like it is enough for now, according to most analysts. ni: absolutely. we heard from j.p. morgan that the era of growth at all costs is over at uber. this is a step towards achieving greater profitability. you just need to look at the share price reaction premarket. investors are excited. they are moving away from the cash burn that had seen uber drop so much from its ipo price. they are definitely not giving a full year of profitability, just one quarter at the end of the year, but if they can get to that full-year, it means they might be included in major indexes, and that brings a lot of passive money. we could see some big gains in reaction to this. we are seeing the effective cost cuts that contributed to this view of profitability by year-end. we saw $615 million lost. that compares to an 870 million dollars loss from a year earlier, so some big effects from cost cuts. uber is still investing in things like electric scooters and helicopters, but for now, those cost cuts really working out. alix: thank you very much. finally, in the u

just over 1.5 hours into the trading day, let's check on european stock movers with dani burger. a lot of earnings news. -- heineken, we learned yesterday that their ceo was leaving. their numbers are positive for the decade is right some concerns. show the bigs geographical diversity nature of their business. guccis all about gucci -- provides about 80% of kering sales. abn amro, the only negative one i have on the board today, missing on fourth-quarter earnings. a lot of this has to do with cost. the coming management is saying there are lots of uncertainties, not to mention a dutch probe into the company. the other big story, one of the day headlines, softbank. we are learning that they are scoffing -- scrapping their $105 billion target for the vision fund. you can see what a roller coaster ride it has been today when the japanese trading happens. shows jump 13% after we learned they were finally able to get approval for their sale of sprint. so that is helping. and some of these shares are better in the week because we sought -- not only news that the vision fund is going to

for more, dani burger. d's richest person committed $10 billion, under 8% of his total net worth, called the bezos earth fund. it will be issuing grants in a few months. its aim, as he puts it, is to save the earth. for years the amazon founder has been under pressure to act. he has not had major charitable products. then there is the company's environmental impact. as it rushes to deliver products cheaply and quickly. the company last year responded, committing to an 80% renewable energy target by 2024. but will that, combined with the latest announcement of the bezos earth fund, enough to squelch criticism? a worker from amazon group says it applauds the move but it is francine:ping up the -- francine: remember, last week on thursday, it was quite a busy reshufflee we saw a from boris johnson, that became bigger when the chancellor at the time decided he would step down because he could no longer be part of the team. street changesng here, intervening too much in the budget. since then there has been a big

and our markets reporter dani burger. the state of the union address, but it is all about iowa and pete buttigieg. upset fora surprise pete buttigieg, polls did not predict he would do so well going into the iowa caucus. it was a bad result for joe biden, who came in a distant fourth-place. it will give all men them for pete buttigieg going into new hampshire -- it will give momentum for pete buttigieg going into new hampshire and could hurt joe biden's efforts to raise money as he goes into super tuesday. by outcome is overshadowed the chaos of the reporting in iowa, and we do not have all the result in. and by trumps state of the union address which was squarely speech,ign claiming he is overseeing a booming economy and highlighted the dramatic theatrics of nancy pelosi ripping his speech afterwards. stark contrast between the chaos in iowa and trump delivering a strong state of the union address. on thee: a lot of focus coronavirus, markets were down and they seem to be taking it in stride. fragileis shows how markets

let's check in on the markets with dani burger. ers this morning is the yuan, gaining on the dollar after china said it would help stimulate the economy, cutting corporate taxes. that seems to set off some reprieve from the coronavirus fueled selloff we have seen, at least for now. european stocks gaining today, as well as some of the more growth sensitive commodities like copper. oil not too much changed, but copper up 0.8%. this is odd if you are goldman sachs, who recently warned copper is going to see a huge collapse in demand because of the coronavirus. they cut their outlook, but even so, at least for today, we are getting gains in the growth sensitive sectors. of course, u.s. markets closed for the holiday, but we are seeing some futures trading. here are some u.s. markets that are not the cash markets. following a similar pattern to europe and asia as well. we are seeing bond futures and the dollar little changed. this might have to do with the haven rally we saw last week. bond fund flows seeing their biggest week on record

. ♪ francine: let's bring you this morning stockholders with dani burger. : one of the biggest movers to the downside had their fourth-quarter quarter earnings and named a new ceo, but it is all being overshadowed by a new rights issue. the company issuing about $864 million of shares. the dilution hitting the share price hard. air france warning about the impact of the coronavirus, saying it will take about a $216 million hit because of canceled flights over the virus. telefonica, another or earnings story. the struggle telefonica is having in implementing their new problems -- their new plan. francine: thank you so much. dani burger there. what happens in vegas does not stay in vegas as the democratic debate hots up. details. this is bloomberg. ♪ sometimes your small screen is your big screen. and with the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or ar