i'm david westin.e turn onto mark crumpton for first word news. mark: president trump appears to be responding to a new york times report that he has carried out a secret assault on the investigation that centers around him. he tweeted that the times report is false, and that the paper is a true enemy of the people. the times calls his campaign an attempt to create a narrative of a president wounded by "deep state enemies." the former fbi director andrew counsel'sose special that the he says public should know if they have found the smoking gun or nothing at all. -- says regulations call for it to be confidential. and syria is accusing the u.s. of sabotaging improved in ties with other arab nations. a media advisor to the president says the u.s. has pressured allies the block syria's reinstatement into the arab league. hurtingser says it is attempts by damascus to unlock funding to rebuild after eight years of civil war. and venezuela's leader juan guaido has offered to forgive the military for abuses

i'm david westin.e turn now to mark crumpton for first word news. mark: four senior congressional negotiators will meet today in an attempt to salvage talks over border security funding. two democrats and two republicans will try to hammer out a plan to avoid another government shutdown. the prospect of getting an agreement by the friday deadline seems to have faded over the weekend without a funding deal. without this deal, nine departments it would shut down again, weeks after a record 35 day closing. we take a closer look at the looming shutdown in a few minutes. and president trump is expected to sign an executive order today that would direct the u.s. government to prioritize spending on artificial intelligence research and development. white house officials say it will counter china's ambitions to dominate the sector. the borders is not outline specific funding goals. it will push a.i. training for a workforce that could see disruptions because of the technology. and theresa may will address the

i'm david westin.ime for a market check. emma: we are looking at equities rising across the board, the dow jones is up 7/10 of 1%, the s&p 500 rising 6/10 of 1%. and the s&p 500 is coming toward a weekly gain. the consumer sectors in the green today. by that is being pulled down heinz. it seems the market is cautiously optimistic that headwind could be made when the president meets with china's lead negotiator this afternoon. they are cautiously optimistic, so the moment we are trading in the green. the nasdaq is rising and i have a chart that shows it is heading for its ninth winning week, that would be the longest winning streak for the nasdaq since 2009. the dow jones also heading toward its ninth winning week. the nasdaq up since christmas, where it has put in about a 20% with edging out the gain the s&p 500, 18%. a lot of earnings sending the stocks higher. 31% today, the most, so that is a record. this after topline beat, even though etf was down. it came in down less than expected by analysts. a

i'm david westin.e turn now to mark crumpton for bloomberg first word news. mark: president trump has resumed his criticism of a democratic investigation into his finances. the house intelligence committee is launching a probe into the president's foreign business in tanglewood's. on twitter, he wrote, "this is presidential harassment, it should never be allowed to happen again." on capitol hill, alexandria cortez has revealed a new package of environment the measures that threatens to divide democrats. they are known as the green new deal, shifting away from fossil fuels within 10 years. pits progressive democrats against other members of the party. and theresa may is in brussels, where she met with jean-claude juncker. she is trying to change the brexit deal she reached with the european union last year. she wants the european union to change the most contentious part of the agreement, the irish border backstop. >> it is not going to be easy, but we have agreed that talks will now start to find a way

david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, shawn entree negotiations in washington -- on trade negotiations in washington. and from london, jeff on the last-minute efforts to get a deal on brexit. we will start in washington with shawn. as i understand we would do the same we did in beijing, starting at a lower level and moving up the chain? shawn: he would go again, another round of china talks. we are already hearing talk of them going back to beijing next week for more talks, if these talks go well. we will see a couple days of talks between lower-level officials, then the real top economic emissary will arrive in town and start work on thursday. david: hold on, we will talk about some auto tariffs in europe, but for now we will go to washington to our colleague, bernie sanders making it official that he will run for president. how does that change the race? >> a big move that shakes up the race. he is one of five sen

i'm david westin.e turn to mark crumpton now for first word news. mark: the president's enough grow committee is reviewing a subpoena for documents from federal prosecutors in new york, but his spokesperson says the intention is to cooperate. the group raised a record $107 million to celebrate the inauguration. donors and foreign contributions have drawn scrutiny. and the virginia governor is holding on to his office, despite growing calls for his resignation. nearly all of the democratic establishment has turned against him in after a race as photo from his medical school yearbook surfaced last week. the republican house speaker says they are hoping he steps down. the picture show somebody in blackface next to another person in a ku klux klan robe. the governor denies that is him in the photo. in paris, a fire earlier today in an apartment building killed at least 10 people and injured 31. residents climbed out of their windows to escape. police suspect arson and they have arrested a female resident s

i'm david westin.e are reporting from washington today. much of the president's state of the union was dominated by border security, more specifically building in the wall, which is president cast as a moral duty. >> in the past, most of the people in this room who voted for a wall. but the proper wall never got built. i will get it built. simply put, walls work. david: with us today is ben ray lujan, serving as assistant speaker of the house. thank you very much for joining us today. rep. lujan: thank you for having me. david: this is your neck of the woods and the president spent a lot of time last night trying to persuade the congress and american people that we really need a better border protection. whether you call it a wall or something else, is he right that we need better protection at that border? rep. lujan: the president is making this about the wall. the president made a political promise that he was going to build this wall from sea to that would, a wall cost $70 billion, and that mexico

i'm david westin.ow kailey leinz with first word news. >> talks between the u.s. and north korea are not over, the word today from mike pompeo who says negotiations will presume quickly after the collapse of the summit between the president and kim jong-un. microbiota says his team -- mike pompeo says his team will get back to work tomorrow. we would take a look at the story with retired admiral mike mullen in just a few minutes. in the wto panel has ruled favor of the u.s. in a dispute with china over subsidies. the panel says beijing went beyond the limits. the u.s. filed the complaint in 2016, when the administration criticized china's trade policies and put tariffs on chinese goods. and three dozen people remain in a collapsed gold mine in indonesia. the rescue effort is a race against time. 19 people have been pulled out alive, but at least seven have died. wooden structures in the mine collapsed on tuesday. prime minister of pakistan calls it a gesture of peace. tomorrow, they will release an ind

i'm david westin.ow first word news. mark: cory booker has announced he is running for president in 2020. in a video message, senator cory booker said the nation needs to be able to see his leaders "and feel pride, not shame." he called for the nation to unite around what he calls "a common purpose." >> i believe we can build a country where no one is forgotten, no one is left behind. so parents can put food on the table, with their good paying jobs, and good benefits. where are from a justice system keeps us safe, instead of shuffling more children into cages and coffins. mark: he has been a senator since 2013. he is the former mayor of new ark, new jersey. progress after two days of trade talks in washington, but china and in the u.s. have stopped short of calling it a breakthrough. beijing promises to expand purchases of american-made goods, and they have planned more discussions. president trump has threatened to increase tariffs if there is no trade agreement in a month from now. the president pul

i'm david westin.e turn onto mark crumpton for first word news. mark: in vietnam, officials are scrambling to finish preparations for a summit between kim jong-un and president trump. officials say they had about 10 days to prepare for the summit, much less than the two months they said singapore was given for the first meeting last year. still, they are promising to provide airtight security for the two leaders. in nigeria, supporters of the president and his main challenger claimed early successes in the general election. the president won the first two of 38 states, for which results were being announced. the vote was marred by delays and a sporadic violence. four years ago, the first opposition candidate was ever elected to the presidency. and the united nations secretary-general says human rights are losing ground around the world. speaking in geneva, he denounced what he called "a groundswell of xenophobia, racism and intolerance." expressed alarm at increased attacks against journalists and acti

i'm david westin.hen you now to mark crumpton for first word news. mark: mitch mcconnell is praising appropriators for reaching a tentative border security deal that funds miles of new barriers and finishes the remaining seven spending bills needed to keep the government-funded be on this friday. >> our colleagues are working hard to produce a legislative text, i look forward to reviewing the fulltext, and hope the senate can act on this legislation in short order. mark: bloomberg has learned that president trump has not yet decided if he will support the deal. retired astronaut mark kelly today announced he is running to finish and john mccain's last term in the u.s. senate. the 54-year-old is considered a top recruit to challenge martha mcsally in arizona. it is expected to be one of the most closely contested senate races of 2020. a top pentagon official in iraq to talk about the future of american troop presence in that country. acting secretary of defense pat shanahan met with the prime minister,

i'm david westin.irst word news now. mark: president trump said he is declaring a national emergency on the u.s. southern border in order to him walk money to build a border wall. this will allow him to bypass congress, to spend a total of $8 billion on the wall. the president said he knows that there will be legal challenges filed. pres. trump: i expect to be sued. i shouldn't be, very rarely do you get sued when you declare a national emergency. and what are we using it for? we will get rid of drugs, and gangs, and people. it is an invasion. mark: nancy pelosi and chuck schumer called the emergency declaration, "an unlawful declaration over a crisis that is not exist." theresa may has two weeks to salvage a brexit deal. a vote yesterday stripped her of a mandate to demand changes to the irish border backstop. we have learned that the brexit secretary will meet with the eu's chief negotiator in brussels on monday for further talks. north korean leader kim jong-un is ready to accept the dismantling of

the state of the union address, david westin with our coverage.st innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. stated walk -- state of the union tight rope walk. u.s., france and germany all hit with lower services. the company with exploding cap x. david: welcome to "bloomberg daybreak." i'm david westin, right here with alix steel. a good steak dinner at the white house. alix: it was jay powell's birthday. he was turning 56 and he had dinner last night with president trump. it was the eve of his one-year anniversary. david: steve mnuchin made the invitation. they didn't say anything fromrent

. ♪ david: i am david westin. isid:>> here is what happening.is slamming remarks by president trump that he wants to keep american troops in iraq. mr.iraqi president said trump did not ask permission for u.s. troops stationed there to keep an eye on iran and describes his comments as strange. reason american troops are in iraq is to fight the islamic state. in other news, the leader of catalonia fests ban will seek vengeance, rather than justice, when allies stand trial next week accused of rebellion and other charges. eu countries accused of other standards for the opposition leader for the interim president. a report out today ships on an investigation trying to still u.s. trade secrets. dealing with a chicago area startup. trying to steal smartphones he invented. >> we wanted to know there will be recourse if you try to still technology. >> global experts say the evil out rick is getting worse and is be declared anto international public emergency. it was the country's 10th and second biggest ever reported in the world are nearly 800 people h

this is bloomberg. ♪ david: from bloomberg world headquarters in new york, i'm david westin.alance of power," where the world of politics meets the world of business. on the brief today, kevin cirilli from capitol hill, tonight's state of the union address. from london, we get more on theresa may's continued quest for a brexit deal. and back to washington on the steak dinner last night where the president entertained jay powell. kevin, what should we look forward to tonight? kevin: the wall. i've spoken with officials who say the president will deliver an uplifting speech. but then i spoke with democratic staffers, who anticipate the president will just deliver a rio dress of -- re-address of the same policies he has been proposing, specifically around the border. now, on the republican standpoint, i spoke with the louisiana senator richard shelby earlier today. he said he wants

i'm david westin. we turn now to bloomberg first word news.ark: democrats in congress could try to subpoena the report from robert mueller if the results are not publicly released. they may also subpoena robert mueller himself. senator blumenthal of connecticut says the public will feel there is a cover up if the results of the probe into russian meddling in the presidential election of 2016 are not made public. a u.s. coast guard officer will appear in court after being accused in a terror plot aimed at high profile democrats and journalists. authorities say that christopher paul hasson had stockpiled weapons and he planned on killing nancy pelosi and a handful of other democratic senators, such as presidential contenders elizabeth warren,, let harris and cory booker. tv news anchors were also on the list. and i can defend secretary pat shanahan will meet this week with his turkish counterpart in washington. they will discuss the planned a lot of american troops from syria. turkey believes that kurdish forces are holding a plans to create a s

tom: david westin focusing on this in the 12:00 noon hour.reply, a remarkable woman from georgia, stacey abrams is rising within the democratic party. it is an honor to see her give the reply. ms. abrams: in georgia and around the country, people are striving for middle-class where salary equals economic security. instead, families' helps her crushed by republican leadership or justred by real-life do not understand it. tom: the president talking about his economic miracle, let's look at what john bernstein writes. we are thrilled mr. bernstein and our editors could get it done. the speech was far more focused on the folks in the gallery, some photos, some heroes. when he mentioned the democrat agenda rather than the democratic agenda, which injected a harsh partisan note, another wasted opportunity. i thought of you there, and every little nuance of the battle forward matters as well. does he help his republican party when he goes fox tv? kevin: overall, i do not think president trump made the political situation for himself worse last night

david westin demanded the state of the union be in february.tuesday night with david westin and the president of united states. stay with us, this is bloomberg. ♪ viviana: this is "bloomberg surveillance." management changes on the way at european discount airline ryanair. the ceo will move to the newly created role of group ceo. the chairman will stand down next year. ryanair is having a tough year. a series of strikes forced it to recognize unions and then there is brexit. in the event of a hard brexit, what that would involve is that our non-eu shareholders will not have voting rights for a. time and willd of be forced to sell down to eu nationals. the stock market route shaping -- shaving $22 billion off of assets. the soft -- the ceo saw one bright spot. >> we had a fantastic first half. it was more difficult in the second half. very clearly, we lost assets under management. -- i'mk equity markets quite sure with the net that we figured. more than $17 billion is the second-highest we have had in bar.istory of julius showed weaker revenues

i'm david westin and this is coverage of president trump's 2019 stef

david: i'm david westin with alix steel.afternoon president trump will meet with the vice premier of china to review progress made, we hope, in the last two days of talks on trade. alix: whatever the optics of how it looks and what they say, it boils down to the reality of what we saw when it comes to $30 billion more in ag buying. those questions still permeate. david: march 1 is the deadline for the tariffs. alix: nonetheless, equity markets floating around the highs and futures are up by 100 points. s&p futures up by nine. this makes more sense because we have weaker data out of germany. you had gdp dragged down by inventories for the fourth quarter. that weighing a little bit on the euro. end.y bid on the back if you do get a trade deal it is good for commodities, full stop. kicks back in that will be a positive for the crude market. we will begin a full day of fed presidents and governors speaking in new york when the atlanta fed president starts off a fed research presidents speaking at a chicago booth school of moneta

i'm david westin, right here with alix steel. a good steak dinner at the white house. alix: it was jay powell's birthday. he was turning 56 and he had dinner last night with president trump. it was the eve of his one-year anniversary. david: steve mnuchin made the invitation. they didn't say anything from what mr. powell has said publicly. alix: it would be super dicey if you did that for days before the fed meeting -- four days before the fed meeting. here in the markets here, not as boring as yesterday's trade, but not that juicy, either. s&p futures up five. euro-dollar modestly weaker despite the fact that you had good earnings. the pmi and services up across the board. euro a bit lighter here. a bit of selling on the margin. yields up one basis point. crude also quite as well, down .1%. more governments in europe continue to add onto support for juan guaido. david: time for the morning brief. u.s.45, we will get 9:45, we will get u.s. services. after the bell, snap and disney earnings. 8:30, the state of the union. we are al

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.ance of power," where the world of politics meets the world of business. on the brief today, kevin cirilli from the white house as we wait for the president's meeting with the china premier. and new york state may charge paul manafort in the event that donald trump pardons him. and from london, the tale of delays for brexit. kevin, you're in the center of the universe for the afternoon, everybody will be watching. presidentctly, the will be meeting with the chinese vice premier to conclude the ninth round of trade negotiations between china and the u.s. this leads with a host of different topics coming to the forefront, including technology transfer and intellectual property. the business community, as well as republicans and democrats on capitol hill, wondering

david westin talked about the popularity of venmo. is one of themo crown jewels of paypal.ay it is already at a $70 billion run rate in terms of processing that goes over that venmo platform. it grew less quarter at 70% year-over-year growth. for three quarters in a row, the number of net new actors coming on to venmo has hit a record each and every time. we are pleased with them. what venmo really is is a value proposition oriented to the millennial generation. the reason that it is so successful is that it basically takes every payment and turns it into an experience. when you do a payment, you tag that payment with an emoji or what it was for. you share it with your friends and you can split transactions with your friends. it ties into this whole social network experience that the millennial generation grew up in. it is magic. -- its magic is that it is not so much a payment application as an experience application. we spend almost no marketing on it and it grows by leaps and bounds. >> every millennial i know uses venmo. no question about it. it for to five times a week

david westin is off today. he was pretty tired, i have to say. carroll: you and i came in this morning and said there was not a lot of things going on, but we started the week with the state of the union under continuing to watch u.s.-china trade, and the jeff basil's story on the terminal -- jeff bezos story is the most popular on the terminal. alix: in the market it is risk off, picking up heading into the open in the u.s.. u.s. stocks seeing $700 million of outflows. it was decidedly risk off yesterday, but now that is spreading. -- s&pfutures off by futures off by .7%. long-term bonds has been the trade of the week, u.s. and your is 2.64, and crude has its worst week so far this year, a brutal week for crude on trade fears despite the bullish sentiment that should not be propping it up. carol: exactly. let's get to the bloomberg first take with rachel evans and mike mckee. great to have you both here. happy friday. let's start off with an interesting chart, because we are seeing despite the jump back we saw in equities in january, we are seei

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.alance of power," where the world of politics meets the world of business. michaelrief today, mckee from washington on u.s. china trade negotiations and the second month in a row of strong jobs numbers. star what those, because they surprise to me after last month's numbers. the blowoutdid see december numbers revised the lower by 90,000, offset by another 20,000 added to november, but still, 70,000 jobs fewer than we thought going into january. then we had another 304,000, we will see if that is revised when we get to february numbers, but it still shows a lot of strength. a small uptick in unemployment, largely because of the government shutdown, so that should rivers. year-over-year -- should rivers. year -- reverse.

that will be hosted by david westin tomorrow at 8:30 p.m. in new york or 1:30 a.m. in london. we will be talking about what investors can expect on border talks, trade, and the state of the union. that is coming up next. this is bloomberg. ♪ ♪ guy: from london, i am guy johnson. vonnie: from new york, i am vonnie quinn. this is bloomberg markets. guy: let's check on those markets. abigail: not a lot of direction first stocks or even a risk tone off or on. basically neutral. now at session highs for the s&p -- nasdaq, up about 0.5%. noting the nasdaq up for the sixth week in a row. the week is young. runs on track for the best since 2017. if we take a look at the imap, we will see why the nasdaq is doing better. 0.8%,now, tech is up followed by the communications sector. we see most of the sectors for the s&p 500 trading lower, and basically that unchanged number for the index. where we have strength in the tech sector, we have apple. up 1.9%, actually moving higher at 2.3%. apple put out that better than feared quarter recently. the momentum is caring, plus jpmorgan is saying

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.alance of power," where the world of politics meets the world of business. on the brief today, sarah mcgregor on u.s. china trade negotiations going into extra innings. tina davis on oil intervention. and teresa on prime minister may's pursuit of a brexit deal. we will start with sarah. tell us what is going on right now, they have postponed the deadline on friday. president, the postponed the deadline for a deal to be made in order to hold off on tariffs on chinese goods. we do not know how long the extension will last, he said as long as there is progress they will keep talking and he plans to meet president xi jinping at some point to finalize the agreement. donald trump told us that he thinks there has been substantial progress in the talks on the toughest issues, but we have no details on wha

. ♪ david: from bloomberg world headquarters in new york, i'm david westin. to "balance of power," where the world of politics meets the world of business. on the brief today, reports in progress on u.s.-china trade talks. we talk about 5g technology. it from london, brexit talks down to the wire. we start in washington. we had a report out of bloomberg that actually there will be five memoranda of understanding. what do we know? shawn: we are starting to hear that there is an architecture ability for these talks. we are moving toward a them getting stuffed down on paper, which is important. -- stuff down on paper, which is important. it means the talks are getting more detailed. those will be broken down into five or six areas. they willo told that be talking about subjects from purchases, to intellectual property, to currency come as we reported earlier

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.ce of power," where the world of politics meets the world of business. on the brief today, shawn entree negotiations in washington -- on trade negotiations in washington. and from london, jeff on the last-minute efforts to get a deal on brexit. we will start in washington with shawn. as i understand we would do the same we did in beijing, starting at a lower level and moving up the chain? shawn: he would go again, another round of china talks. we are already hearing talk of them going back to beijing next week for more talks, if these talks go well. we will see a couple days of talks between lower-level officials, then the real top economic emissary will arrive in town and start work on thursday. david: hold on, we will talk about some auto tariffs in europe, but for now we will go toas

. ♪ >> i'm jason kelly in for david westin and welcome to "balance of power. " we are moments away fromventories, the first new numbers that traders are getting into months. numbers were not released in january because of the shutdown. emma has those numbers. emma: we are just waiting for the numbers to come through, as you said they are from the usda, the crop survey. this was delayed because of the government shutdown in february. the numbers we are looking for are the ones to do with his soybeans, because those are the ones that could be impacted by the trade war, we know they are impacted by the trade war, but we want a sense of how much. they are just coming through. we have the world numbers, we are looking for the u.s. ending stock numbers for soybeans. we are still waiting.

. ♪ david: from bloomberg world headquarters in new york, i'm david westin. to "balance of power," where the world of politics meets the world of business. on the brief today, charles on the first day bridge the gap over brexit. greg white on president putin. fed minutesmckee on that are due out in just hours. we start in madrid. betweenbeen talks theresa may and jean called -- jean-claude juncker. charles: yes, hello. david: can you hear me? what is going on in brussels between theresa may and jean-claude juncker? charles: well, we broke the story today from spain. we had an interview with the spanish foreign minister. he told us that progress is being

forening, tune special coverage of the state of the union adjust posted by david address posted-- by david westin at 8:30 this evening. let's check in on the bloomberg first word news. kailey: the u.s. and south korea have reached a cautionary deal for u.s. ports. wills agency says seoul pay about $1 billion a year, an 18% increase. in paris, an apartment building fire killed at least 10 people and injured 31. residents fled are climbed out of their windows. havee suspect arson and arrested a female resident with a history of psychiatric problems. another sign of how uncertainty over brexit is weighing on the british economy, the sector to market brought the ihs close to expansion from contraction. clients are responding more cautiously because of brexit concerns. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am kailey leinz. this is bloomberg. guy: thank you very much indeed. in theng of a selloff italian bond market of the last few minutes. the italian treasury announced a syndicated thirty-year issuanc

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.to "balance of power," where the world of politics meets the world of business. ferro brief today, greg on the aftermath of the cohen testimony. and we will be joined at some point by kevin cirilli from hanoi, because there are reports now that north korea, the government, will be holding a news conference. we will bring you the details as soon as we have them. first, let's talk about mr. cohen, what did we learn yesterday? there was a lot of heat and light. greg: it is not so much that we learned a lot fractionally, most of the revelations were out there. but i think the value of yesterday was to basically give voice to someone who has been portrayed as a liar, to put him under the microscope, and he seemed to hold up well, despite the relentless pounding from republicans.

. ♪ david: from bloomberg world headquarters in new york, i'm david westin."balance of power," where the world of politics meets the world of business. on the brief today, kevin cirilli from capitol hill on negotiations to keep the t open.en we will start with kevin. i didn't think we would have to have this conversation. kevin: but we do. richard shelby working with democrats to try to get to some type of agreement as the clock ticks down to friday, when lawmakers have to reach an agreement to keep the government open to oveavert another shutdown. the president is going to texas tonight, set to deliver an address framing the border security debate that has eclipsed lawmakers from getting some type of arrangement ahead of that deal. the president trying to secure theing for the wall, or enhanced fencing as they are now rr

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.o "balance of power," where the world of politics meets the world of business. on the brief today, greg on what the president has called ridiculous partisan investigations. from milan, the growing feud between italy and france. and maria in brussels on negotiating brexit down to the wire. greg, there are reports today that there will be further investigations on the president and the president has said that is ridiculous. there was a hearing today, where they say they are going to ask for his tax returns, which they have the right to do. greg: absolutely, this will be the first, not the last brawl between congress and the president. he said two years -- he is not not is to this because he has had two years of republican control. all of the problems with his taxes, that is something that the house understands it will be a big issue. david:

. ♪ david: from bloomberg world headquarters in new york, i'm david westin."balance of power," where the world of politics meets the world of business. on the brief today, kevin cirilli there in washington on president trump's quest for a wall. nancy pelosi taking center stage at the state of the union. and more on donald tusk unleashing brexit. give us highlights on what you saw last night. the president spent a lot of time on the wall and immigration security, is he saying we will go back to a government shutdown? kevin: i think he referenced the wall about 10 times in his state of the union address. it was a considerable portion, but i was struck by the fact he did not declare a state of emergency, which from the staffers i am talking with was a vote of confidence for people like mitch mcconnell and chuck schumer to say, give me a deal

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.ce of power," where the world of politics meets the world of business. kevin brief today, cirilli from the white house on the tentative deal to fund the government. and shawn on trade negotiations with china. and from london, theresa may's continuing quest for brexit. we are waiting with a beating breath -- bated breath to see if the president will go along with this deal. kevin: still no word, but he has convened an all caps at a meeting at the white house. vice president making his way here, along with virtually every cabinet official. it comes following the tentative agreement that was reached last $1.7 on capitol hill, of billion to increase 55 miles worth of fencing on the u.s. border with mexico, as well as an additional $1 billion for humanitarian aid and other factions. we were talking about the number of

so much for you joining us, david westin, morningstar analyst there on the phone.an continue following the news and analysis on the bloomberg. much more ahead, stick with us. this is bloomberg. ♪ emily: a new startup is making waves in the gig economy, vc'sng one high-profile attention. the company connects workers with employees in the hospitality industry. does the gig economy have more legs? what kind of jobs are we talking about? really, any position suitable for the hospitality industry -- ,estaurants, catering companies so dishwashers up to cooks, servers, pretty wide variety, but we have about 10 positions we focus on. emily: how do businesses deal with it now? >> is a wide variety of ways, but mainly windows. ways that has been exciting for us is servicing a set of businesses who really do not have any good options today. they don't have linkedin. they don't have recruiters. they are winging it and we think we can be a valuable tool for them. uber lede success of to a rash of "uber for this" or "uber for that" industries. what makes you think this will not

guy: gm cfo speaking to david westin earlier on. the call is underway. we are monitoring it.ou can follow along as well on your bloomberg terminal, tliv. vonnie: it is time for our latest bloomberg business flash. tesla is cutting the price of its model three sedan. all versions of the electric car will now cost $1100 less, bringing the base price to just under $43,000. tesla says the cost cuts will offset the end of a customer referral program that was moved -- that would move costly incentives. musk led talks on production of an electric van. mayor -- theya parent of mercedes-benz expects earnings to bounce back this year after profit slumped in 2018. they say profit will rise slightly. the company is coming off a year in which it struggled with the u.s./china trade war, bottlenecks in europe, and rising expenses to develop electric vehicles. and that is your latest bloomberg business flash. coming up, we are going to hear from my interview with evercore chairman about the odds of reaching a trade deal with china and the prospects for recession in the united states. this is

>> i'm jason kelly in for david westin and welcome to "balance of power. " we are moments away from that on crop inventories, the first new numbers that traders are getting into months. numbers were not released in january because of the shutdown. emma has those numbers. emma: we are just waiting for the numbers to come through, as you said they are from the usda, the crop survey. this was delayed because of the government shutdown in february. the numbers we are looking for are the ones to do with his soybeans, because those are the ones that could be impacted by the trade war, we know they are impacted by the trade war, but we want a sense of how much. they are just coming through. we have the world numbers, we are looking for the u.s. ending stock numbers for soybeans. we are still waiting. we have a survey of 927 million bushels, the highest estimate for over one billion bushels. but we are waiting to see where that number will be. we are also waiting for corn. world indian stocks of 107 million tons, but we are still waiting on the u.s. numbers. we are looking at the price of wheat.

i'm david westin, here with alix steel.but beat earnings per share adjusted. they've been going through a , trying to sell off their inventory. having to restate their 2017 2018 results on material weakness.

coming up later, this is a really interesting conversation, david westin with the gentleman from philadelphiacratic-socialist, and render dell on his new democratic party dell on his new democratic party. ♪ ♪ live pictures of a beautiful london and the house of parliament. shortly in about an hour and a half, theresa may will leave downing street. we will get live pictures of number 10, as she makes her way to parliament. favorite things is when you camp out at downing street, despite the fact that it is a wind tunnel and a microclimate, you see often fights between the camp at number 10 and the foreign office cats. tom: maybe we will have a new cat this spring. there is the prime minister exiting 10 downing street for her busy day with questions. she will see if she is a few tory members lighter, widely anticipated. what is it come with three or four tories will announce they will leave the party? francine: we are expecting three of them. this goes back to the seven that defected from the labour party to start this independent group. whether they could change or shift the debate on brexit, w

i am david westin. we're going to go to mark crumpton. congress plans to vote today on a spending bill to avoid another government shutdown. president trump signaled he will probably accept the plan, though he has not committed to signing it. the plan provides for $1.3 billion for new border fencing, far short of the $5.7 billion the president had demanded. the measure must be in a before midnight friday to avoid another government shutdown. dozens of india ticket he forces were killed today in the country's worst terrorist attack since prime minister narendra modi came to power in 2014. asian news international reports at least 40 personnel were killed in an attack on the convoy. a pakistan-based terror group has claimed responsibility. the pakistani government has yet to comment on the assault. more than 1000 florida schools paused this morning from moment of silence to remember the 17 people killed a year ago today and the nation's deadliest school shooting. ceremonies and remembrances are being held across the state honor those killed

." ♪ david: i am david westin. we turn to mark crumpton. bya u.s.elegation led robert lighthizer and treasury secretary steven mnuchin continue the latest round of trade talks. chinese negotiators are hoping to stave off president trump's threat to hike tariffs on $200 billion worth of their country's imports. a sticking point has been the u.s. complained that china steals or pressures american companies to hand over technology. the commander of u.s. forces in south korea says he sees a significant decline in tensions between the u.s. and north korea , but caution there is little evidence that north korean leader kim jong is willing to give up his nuclear arsenal. in the general robert abrams told the senate armed services committee he believes president trump's talks with kim have improved relations, but said he is not optimistic the president's efforts will lead to a nuclear free north korea. a former u.s. service member in counterintelligence agent has been indicted for spying on behalf of the iranian government. the justice department says he de

i am david westin. haley barbour served two terms as governor of mississippi.ning praise for his work during hurricane katrina and the deepwater oil spill. today he is a senior partner at the bg our group which he founded. welcome back, governor. gov. barbour: glad to be back. david: i want to start off with news. we had republican thom tillis write an op-ed piece about the declaration of national emergency. , i cannot. senator justify providing the executive with more ways to bypass congress. as a conservative i cannot endorse a president i know future left wing presidents will exploit to endorse radical policies. this is a republican saying this about his president. are we starting to see some splintering of the republicans among the senators? gov. barbour: i do not think this is splintering. this is thom tillis, who was speaker of the house in north carolina and has been an outstanding senator saying our principles are the united states government is based on separation of powers. barack obama repeatedly, repeatedly made himself into an imperial president by

. ♪ david: from bloomberg world headquarters in new york, i'm david westin.come to "balance of power," where the world of politics meets the world of business. on the brief today, kevin cirilli on the president moving forward on the wall. from brussels, on the snap spanish elections. and matt miller is reporting from the munich security conference. we start at the white house. we heard from the president, and it turns out that we have a national emergency. kevin: yes, the president declaring that national emergency, this receiving pushback from those on capitol hill. he is hoping to get a billion getars worth of funding -- $8 billion worth of funding. this as he signs a bill to keep the government open. but he has set up a legal battle, saying, bring it on. he is prepared to take this to the supreme court. republicans on capitol hill are nervous about the presidents --

i'm david westin with alix steel. the big news came over, kraft heinz.n. it is on basic stuff. like hot dogs, their basic products. that: some of the brands they invested so much and are not worth much at all given what has changed in global consumption. also, accounting issues involving their acquisitions. alix:

i like the idea of david westin as andrew mccabe today after 18 interviews.ing more comfortable with the media as he goes through the gauntlet. guest: it will be interesting trying to figure out something new to ask him. tom: new, but the story keeps falling as well. francine: on hanoi, what is the biggest concern? there seems to be worried that president trump will give something quite big for not getting much in return. in fact, among a lot of national security experts, the fear is that donald aside,ight, through an with no one present, make some assurance that it is against security interests of the united states and its allies. that is a concern. you know, i believe very much in show don't tell. it does not matter what they say, it is really the details of what is written down and what you can actually demonstrate. there might be lots of headlines. the question is what really was a compass. tom: thank you so much. the monday briefing here on all vietnam.gton and we will continue the conversation for 12:00 today. fbi deputy director. this will be a most in

i'm david westin, right here with alix steel. march is around the corner. alix: how did that happen? in the markets, you are taking a bit of risk off. what that winds up meaning for a-china trade deal -- u.s.-china trade deal. right around the highs of the session. you had some stronger inflation numbers out of europe. the 10 year yield moving lower by one basis point. crude just a touch softer, down 20%. -- down .2%. , the vice fed chair speaks in washington. we will also hear from alan greenspan. data, u.s.t economic gdp growth for the fourth quarter. pg&e will release its fourth-quarter earnings. alix: we turn back to the trump-kim summit in hanoi. talks broke down unsanctioned demands. >> basically, they wanted the sanctions lifted in their entirety and we couldn't do that. uke awere willing to de-n large portion of the areas we wanted, but we couldn't give up all the sanctions for that. we will continue to work and we will see but we had to walk away from that particular suggestion. alix: shinzo abe reacting to trump'sus decision -- decision. walk me t

david westin is in washington. it was an interesting evening. watching someone in their homeland, in there end zone. david: i plead guilty. a lot of it would be the atmospherics. i think it was the year of the woman. we talked about people wearing white. there was a lot of white on the democratic side because there's a lot more women. centuryump: exactly one after congress passed the constitutional amendment giving women the right to vote, we also have more women serving in congress than at any time before. [applause] david: you saw that spontaneous demonstration. the women were surprised. they weren't expecting that. usa that usa champ chant. that wasme, something -- david: president trump has had a woman problem. i think it's fair to say. i think he was enjoying that moment. alix: it's about time. it is a slow week, slow day. s&p futures down slightly. it was a five day rally. you have a gain in stocks like take-two. .1%-dollar down just despite the fact that factory orders in germany fell, hitting the steepest decline in six months. it appear