trading down.e the dax's delmore, trading north of 11,000 mark. -- the dax is down more, trading north of 11,000. the aviation sector is flying high. , thel is trading lower ,ompany which makes detergents its outlook not pleasing the markets, the level of investment required from here. we have light volume. you can find this on your bloomberg. you can see we are to the right hand side of that chart. we do have light volume. day average and where we are now, just beginning to open up. positive,session was the reason, we had data out of china which showed not great numbers but signs of stabilization. pointing usies are toward the possibility of further stimulus. we have been watching brexit. theresa may has just delivered her plan and continues to answer questions and we will come back to that. us to give usins a sense of what is going on with china. the china data overnight was weak yet there are signs of stabilization within it. should the market be taking this as glass half full? saw in the data is that of course, everybody was concerned about the gdp numbers which slowed to the weake

the dax holding above the 11,000 level.u are done with the trading day, you have been -- you are nearly do with the back-office, you are getting in the car and driving home. do not forget to tune into bloomberg radio, jon ferro and me at the top of the hour. this is bloomberg. ♪ guy: from london i'm guy , johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." time for our stock of the hour. tesla shares of the company falling to percent in the trade, the most in 15 months. this after the electric carmaker and its ceo and founder said it would cut 7% of its workforce as it faces a difficult road ahead. joining us is taylor riggs. taylor: 7% of the workforce, a struggle for him. we have the quote from him. is stock is off 10%, but it elon musk really facing the music. many people saying that this would happen. automakers talking about cost-cutting and cutting expenses, so anyway we have the bond price, which stocks are off, but it might be decent for bondholders as they think this is good and will prese

the dax is absolutely flat right now. the dax is finishing up regular trading. up by a little bit.ound is down a little bit today. that relationship still working to a certain extent. let's take a little look at where we it right now in terms of the sector breakdown. instructive as to where we sit in europe. function that breaks down what we've got in terms of sector rotation. money is rotating out of retail. technology is trading lower. also parts trading for the downside. there has been upside movement to the parts sector. today we have had disappointing news coming out of ford and land rover. utilities are trading stronger. banks are actually having a pretty strong day as well. volume that is light. we are having a consolidation day. the market is trading quite softly in terms of the volume story. there are the averages. to be honest volume is not great as we consolidate sideways here in europe. vonnie: improvement in the overall indices from early this morning. the s&p 500 is trading between a couple points down and a couple .oints up right now retail is really dragging on the

trading down.e the dax's delmore, trading north of 11,000 mark. -- the dax is down more, trading north. the aviation sector is flying high. , thel is trading lower ,ompany which makes detergents its outlook not pleasing the markets, the level of investment required from here. we have light volume. you can find this on your bloomberg. you can see we are to the right hand side of that chart. we do have light volume. day average and

the dax is trading down.eal standout story -- down 11,000 thatbove the line on the technical chart. the cac 40 down 1%. the luxury sector driving things forward. vmh, really solid move today. we are seeing them driving the luxury sector. report earlier on. reportrebuttal to that from wirecard. there is one of the miners, anglo-american trading up 2.4%. let's show you where the volume is. trading above the 30 day average. you can just make out the blue line there. volume looking ok. that's a look at the european close. taking a look at u.s. markets, we have plenty of good news on the earnings front today. boeing pushing up the doubt. microsoft and the others boost it. s&p up .75%. before the fomc meeting, the 10 year yield, 2.72%. a stronger yuan as well. peso, back above the 19 mark. let's take a looking our global macro movers. inventories which did show a build, not as big of a build as anticipated. wti up 2.4%. copper also coming back a little bit. not so much the iron ore, though. guy: let's turn to our e

. >>> and the not so nice confession dax shepard made about kristen bell. >> we had a couple of yearsf hating each other. >>> and celine dion talks about her new mystery man. >> let's get it straight here. >> the motivation behind her new look. >> please, leave me alone. >> and what she thinks of her teenage son's rapping career. ♪ you better appreciate the greatness ♪ >> this is "entertainment tonight." >>> welcome, everybody. well, our top story tonight is almost too disturbing for words. early this morning, "empire" star jussie smollett was viciously attacked. the victim of a suspected hate crime. jussie survived, but what police say happened to him was truly horrific. >> can you head over and check on a report regarding a friend that was assaulted and battered. he is supposed to be well known. a noose was placed over the friend's neck. >> the 35-year-old actor was brutally attacked in downtown chicago, not far from where jussie stays when "empire" shoots there. we're told two men yelled racial and homophobic slurs and repeatedly hit him. we're also told they poured a substance on

let's do business the dax and the dow surging it's thanks to a promising us jobs report and hopes of progress on the trade front china says american representatives will visit beijing on monday for two days of talks to try to easing tensions president donald trump and his chinese counterpart xi jinping had agreed to hopes additional tariffs. as of december first the agreement lasts ninety days while they work out a more permanent solution a negotiation will stop by focusing on steel agricultural products and cause reciprocal tariffs have affected hundreds of billions of dollars worth of materials and merchandise. over to pokus. frankfurt correspondent why so much excitement i can see the dax for there behind you why so much excitement when . nothing's really happened it. well but if you had spent the week on the trading floor you'd be looking for any sort of positive news it has been very sad to look at some people have asked if maybe some shares are now even under priced and looking for opportunities now the opportunity came this is still a positive sign though because it is the fir

we are watching carefully to see what happens with the dax. that is going to be a key trade next week. we are watching to see whether the trade story has a meaningful effect. today saw some really week he phone numbers coming out. also see in quite a lot of movement in the german ten-year as well. well.r as the term and 10 year -- the german ten-year moving a little lower today. yields a little higher. the spot tobelow handle. we have seen continued positive action when it comes to the german ten-year. taylor: you had the nail on the head. ofn as we were getting some those headlines crossing about shutrdia and flights being down inbound and outbound, the stoxx did continue to rally. all risky assets are rising for the day here. up.500 you are seeing some of those gains being extended, but not as quickly now. some of the big draggers in the semiconductor index or intel. some concerns they are about growth in the cloud business. you are seeing the 10 year yield rise up about three basis points. it is really a risky sort of day where everything i

the dax going through technical levels. so much of the market at the moment is right on the edge of kind of having this potential to kind of really move forward. guy, let's talk about all this. we have romaine bostick from our team, is also from bloomberg television. this is some of the first economic data we have seen in january, which suggests the december data did not see much impact from the trade tensions. january data might be a different story. >> it does give you a good sense of how quickly sentiment can change. we have seen this impact the cycles, where things look relatively positive on the consumer and business side, and within a month a completely shifts. whether that will last, we will see eventually, who knows when we will get official government data on this, but for right now it does seem to say just the consumer has -- suggest the consumer has taken a pessimistic view. and this seems to suggest the consumers were not as fat in the wallets as a some people thought they would be. vonnie: it will be interestin

the dax slightly better. the cac fell a little bit. forget, you need to tune in at the top of the hour. jon ferro flying sobel -- so low on cable today. digital radiot on and all your bloomberg devices. ♪ time for our global battle of the charts. you can find this by running gtv . watchingart that i am is a look at hyg. it is a look at the put open interest. that is taking out insurance on the junk-bond market as well as the shares that are shorted. which is people betting against hyg. you can see how high they are compared to the history of the product. billion dollars out of junk-bond etf last year. creating a is tug-of-war on who is going to be right on where junk-bond scope. hyg -- etf's 10 to be the tip of the iceberg. you are seeing a bigger trade taking place under the surface and both sides can't be right. >> nice charts. you can find that on gtv . have the idea that the foreign direct bidders are coming into the treasury market are biggere -- there sizes of them coming back in. we have reached a high now since the low

yesterday, dax turned 44 and kristen gave us the scoop about birthdays in the household. >> it's yourirthday until you decide it's not your celebrate. >>> now to the bloom's winter getaway. >> sorry. >> you scared us! >> that's katy perry looking cozy in h sherbet fur coat. earlier the couple shared a smooch before snow boarding. looked like katy's her down tim returning to work on "idol." >>> justin bieber's sweet serenade for his wife haley? >> yep, the biebs belted out his best em precision of the marvin gaye singing to his wife and this random guy. looks like 2019 is off to a good start for the newlyweds who just returned from a hawaiian vacay. >>> coming up -- >> ♪ around and around we go >> golden globe nominees. why their performances on screen are nothing compared to off cam. >>> then we are with dwayne "the rock" johnson ready to rock primetime. from the extreme to the extre extremely weird. >>> here's the story about how i became the unicorn. >> the surprising lengths >>> "e.t." isn't just on the air. we are everywhere on every platform, every day. check us out on >>> so we

and dax, all spiced it up.douglas captured every moment of date night with wife, katherine. >> i saw you filming her on the way up here. >> every chance i get. >> backstage, he stopped during our interview to watch her present. >> she is beautiful. >> christian bale thanked his wife. he was backstage for playing dick cheney in "vice." social media was shocked for another reason. many tweeted they forgot christian had a british accent. >> i wouldn't be working without he her. >> and another surprise? taylor presenting. she was on hand supporting the boyfriend and co-star joe alwyn. >> did you guys ever think you would do anything together? >> who knows? >> this is your first public outing as a couple, isn't it? >> yeah. >> jim carey's date, ginger gonza gonzaga. >> i feel very lucky. >> she is a beautiful lady. >> she is not only beautiful. she is wickedly talented a amazing and smart. >> rachel won for playing mrs. macl maisel, but sources tell us she is a mrs. herself, but she won't confirm it. >> i don't talk

dax north of the 11,000 mark, just in positive territory. the auction underway.ll come back to the details of how these markets settle. attorneys today and -- earnings today and we are looking at asset classes, like --, 109.30. the mexican peso has gone below 19 to the u.s. dollar. and gold is up. and the 10 year yield, 2.72% coming in everest slightly as we await changes potentially in the fomc statement. guy? john paul juncker has told theresa may that a renegotiation for brexit is not possible. guest here in westminster, what have we learned? >> that parliament can be a lively place. but in about two and a half hours, we will get votes on seven amendments. one is the one the government backs, which is known as the backstop, which would provide a hard border with ireland. not all the tories may support it. the other is an amendment that could delay brexit entirely beyond the deadline and allow more time to get arrangements in place. labour backing that one. those will be the ones to watch. vonnie: rosalind, what happens at that point? even if theresa may except

this is where we find ourselves, negative on the dax. siemens was down today.ng to make -- the jamaica ahead of its numbers. biggest of the chemicals companies down as well. the ftse 100 benefiting from shale. a little bit of a pickup. little bit of a bid coming through during the auction process. , do not forget to tune into bloomberg radio, "the cable show" is coming up. i will be in london, jon ferro in new york. this is bloomberg. ♪ vonnie: we will hear from two european ceos talking brexit earnings and lots more. we spoke in london. >> part of our strategy is to move our portfolio over time into higher growth spaces by making these acquisitions, and at the same time trimming off slower growth parts of the business. we have built a terrific business, it is over half a billion euros and growing double digits. thein a way, the long -- is state and home care. we will remain inquisitive, by when i comment on any particular targets right now. >> is luxury a growth space for you? >> moving into the personal care and prestigious spaces, that is part of our strateg

dax futures up zero point 75%. -- 0.75%. you can see this rally reflected in the rise in yields. right now we are trading at 2.65%. in friday's session you saw treasury yields come up 11 basis points in one session. pretty amazing. it was a big jump. what do you see in the gmm? >> a very similar story to what we have been seeing over the last -- friday into this morning. we've got equities higher in the asian session. because of what the pboc did. that combined with the strength of the jobs report sending equity markets higher. risk on in fx as well. the dollar weaker. the reverse is we see less appetizing treasuries. you can see we are down on a number of the fixed income government products. interesting to know where we are on wti and brent. we are stronger. what role will commodities play in this story we are seeing from the asian equity session? goldman sachs dropping their price target on oil but suggesting in the short-term oil prices are going higher because the market has become overly pessimistic on prices. stocks across asia are kicking off weekly gains. the renewed app

and the dax under some pressure.che bank was down earlier on, it has come back, which is significant. 40 is down 1/10 of 1%. are very is having a very solid session leading the ftse 100. and let's focus on some of those individual names right now. this is what we have. metro bank down by 40% in the ok, a challenger bank. it has had some issues with accounting, the market has said that this would be happening in terms of assets, but the reality is being priced sharply into the stock today. also into the bond. -- the bonds. tech stocks under pressure. and carport with some good news -- carrefour with some good news, trading up 6.43%. take a look at the volume. this is what we find ourselves with, bang on for the 30 day average. you can see the spike on the close. it will be an interesting auction this evening, especially as the market has been nosing over into the close. vonnie: a volatile day for u.s. equity markets. we will keep an eye on those earnings, pushing some stocks a lot higher, others a lot lower. and the v

today and we had a very decent session. 6838, the dax 10755, cac 4732.re is a small caviar i want to add. you can see when you go to the bloomberg, volume has been a little bit like. the average number that is where we have been today. it has been a light volume today, which is interesting given the rally we have seen. that is a look at the european markets. vonnie: they are selling treasuries and buying stocks, risk assets in general. we have the s&p 500 coming to session highs, up 2.6%. many are up, mattel, for example. yesterday, we have up, $47.84.utures let's look at other asset classes. well, emerging markets are faring, we have across the board, taking advantage of perhaps a little pause in risk of virgins to make changes to their repor portfolio. the ran, the ruble all stronger. we are getting right back to the $50 a barrel for wti and for rent. you mentioned indices, guy. here are others that are higher. guy: let's turn our attention back to the data. euro area headline inflation coming in below estimates once again today. the core number rockso

the dax up by 1.5% the ftse 100 up by 1%.ilar percentage gain in the cac in fransz. >>> japan has opened for the first time in the new year, it's down by 2.25% for the day. the hang seng in hong kong and also in china, up on some optimism about possibly trade talks starting up on monday. sticking with that china trade, we just got word in the past few moments that the country's central bank, the peoples bank of china, will cut its rezf ser requirements by 100 basis points, 1%, as the government looks to counter risks to a sho sharper slowdown let's talk more about that move with miranda carr. she joins us from london thank you very much. this was a big deal for one of the biggest central banks with big influence out there. tell us what your thoughts are initially about why they did it. we kind of have an idea. >> the cut was widely expected to come in january or q1 a lot of it is offsetting some previous lending facilities and easing done over the past year the fact it's done 1% across the board, and also it's done it this ea

the global rally for stocks we're the party has just begun the dax and they are really surging this hour thanks to a promising us jobs report and hopes of progress on the trade front china says american representatives will visit beijing on monday for two days of talks to try easing tensions president donald trump and his chinese counterpart xi jinping had agreed to hopes additional tariffs as of december first degree meant lasts ninety days while they work out a more permanent solution the negotiations will start by focusing on steel agricultural products and cars reciprocal tariffs have affected hundreds of billions of dollars worth of material that budget us. over to. frankfurt correspondent why so much excitement i can see the dax for there behind you why so much excitement when. nothing's really happened jeff. well but if you had spent the week on the trading floor you'd be looking for any sort of positive news it has been very sad to look at some people have asked if maybe some shares are now even under priced and looking for opportunities now the opportunity came this is still a p

. >>> and later today on "ellen," dax shepherd is stopping by and bringing his own special>> gues. my mom was chopping down a tree in the mountains in oregon, a christmas tree, fell, and broke her arm. now, that's how you break an arm, everybody. >> that's a good story. that's a great story. >> one tough mom. also, along with some embarrassing stories abo his mom, dax talked about what movie sequel he'd love to star i watch his interview today at 3:00. then stick around for news 4 at then stick around for news 4 at 4:00 you could live off the grid. you could set your thermostat no higher than 68 degrees in winter. or, you could follow the ways to save tips on novec.com. you'll discover how installing and using a programmable thermostat can save you about $330 a year! novec helps you ve energy which saves you money! novec. helpingou save. ♪music >>> welcomeback. it's 4:24. tougher rules are now in effect on roads here in.c among them, criminal charges for driving 30 miles an hour over t. the speed li >> that's pretty fast. transportation reporter adam many people understand the need

you have 0.7% on euro stocks, ftse futures, 0.75% higher on dax futures. if you look at treasuries, yield continues to rise. feelve risen as investors safe enough to let go of this government debt. now we are looking at 2.73% treasury yields. does that continue? jeff gundlach has said maybe it will as we have other big banks like goldman sachs cutting their 2019 forecast. anna: let's have a look at the gmm. you are seeing that move in treasury being reflected. a resulting higher as of that risk on attitude with regard to the trade story. president trump clearly wants to see progress on trade. perhaps he wants stocks to go higher. this is the picture coming through from the markets open overnight. the hong kong market getting a boost. we will talk about fiscal stimulus. the hong kong market up by more than 2%. we saw president trump speak. no talk of the state of emergency that have been feared. we have a little more appetite for emerging market currencies and the dollar is lower. interesting to see oil prices have bounced above $50 a barrel. wti above $50

rather for the year and the stock six hundred index in the european union down sixteen percent the dax there in germany down twenty two percent and the footsie in london was down fifteen percent the all shares down in south africa down eleven percent and mexico another market we don't always cover down nineteen percent for twenty eight to eighteen and the t.s.a. stock exchange down eleven percent last year the new york stock exchange. down five point six percent and nasdaq down six point six point two percent those are the best at the best of the bad as they say and the only highlight around the world in markets is that stock exchange we've talked about down in brazil the eyeball vest up fifteen percent on the year and by the way on the key commodities side of things or oil last year twenty eight the worst year since twenty fifteen with prices settling on monday just above forty five bucks per barrel that's a twenty five percent drop for twenty eight and remember they were trading up oil trading up at seventy five dollars per barrel in october hughes louie's and gold went down for twen

dax futures gaining 0.5%. ftse futures up a little less. you see some really -- well, you see substantial pound strength this morning, approaching 132. that does tend to weigh on u.k. shares. what are you seeing in the gmm? >> the gmm reflecting what we got from the fed yesterday. a little higher in europe in terms of the stoxx story. asia embracing the pivot. not just one dove on the wing, maybe the entire coop. people asking questions about which way rates will go next from here and when. flexibility on the balance sheet as well. the market got a lot of what it asked for from the fed. u.s. equities, keep an eye on the nasdaq. we got facebook measures after hours. the foreign-exchange story reflecting what is going on at the fed. weaknesses in dollar and strength in emerging-market fx. we see on the sovereign bond side of the gmm, the sovereigns are bid in emerging markets. an interesting development. matt: stocks in asia climbing higher. we see futures up as well. the federal reserve signaled it is putting further interest rate increases

dax futures and cap futures a little bit less.is we are at the start of european equity market, expecting to be stronger and expecting that trade story. front, we have heard that they will be making their way to the united states, so there is more to come. more progress, perhaps come expected. that is lifting the currency and the session a little bit. on the fed, we have heard but flex ability and patience. all of that gave real comfort to the market. of 1% and the dax also up fairly strongly. the ibex fairly flat this morning. matt, anything interesting? matt: let's take a look at the map there in our london headquarters. we're seeing mostly green on the screen. we do see gains in most of the in the street -- industry groups. financials are doing well, health care doing well, energy up as well. financials are the leading industry group and the only one that is actually losing some grounds today is the i.t.. what do you see as far as individual movers? anna: let's have a look. this is a the upside, housebuilder in the u.k. up by 4

concerns about a global economic slowdown it was a trend that was set up by markets in europe where the dax slid more than one and a half percent and in asia where most indices were down fears of a global economic slowdown rose following up all surprise announcement that it was lowering its sales target for the first quarter due to a decline in i phone sales in china. apple's bad news seems to confirm what investors have feared for some time the i phone hype could be over and so far there doesn't seem to be a solid plan coming out of cupertino to re excite consumers for years the i phone has been apple superstar the device brings a solid sixty percent of apple's revenue but if those sales fall as they did over the christmas quarter it hits apple hard the company's problems have been looming for months after reaching a high last summer the share price has fallen by thirty percent since september back then analysts reported that asian i phone suppliers were cutting back production because apple needed fewer parts news that sent out an alarm signal. the company says demand has weakened particu

but let's bring in our correspondent in frankfurt corp daniel the dax is flatlining explain. it's quite surprising that we would see a shopper reaction here today at the stock market was clearly wrong well why is that happening while investors pretty much thought that two reason may would not get this through parliament so investors were not really surprised today of course now also invest or is are worried once again that at the end we could see a hard grex that happening but there are also you know rumors that at the end we might not even see a break so that scenario would be certainly the most favorite one off investors so there is some hope so that's why we're not really seeing this big market move it at all today then you can you give me an idea of how european businesses are preparing . well it's so difficult at the moment for them to prepare because they really don't know what is going to happen i we're going to see a heartbreak is there going to be a controlled breakfast or at the end maybe not even just imagine this scenario that we would at the end not even have a b

well traders experience that at the end of the year and it could be here to stay in europe germany's dax only inched into positive territory as trading was coming to an end some asian stocks fell by as much as four percent. well let's go over to our financial correspondent now a u.n. score to firstly gains happy new year to you i hope you had a better start to twenty nineteen than the dow is worrying investors. yeah the new year and at some point it looked like we might see the worst start to them into a new years since nineteen eighties three when blue chips lost almost four hundred points in value and then was no obvious reason the market turned and ended even slightly to the upside so as i said we had no clear reason for this swing we saw technology sarah shares financial stocks trading to the upside and we also saw a turnaround when it comes to the price of oil initially there dropped by two percent then again a good two percent and we also had oil stocks trading to the upside at the end of the session this week in those markets dave said she continuing a trend that we saw at the end

the volatility traders experience that the end of the year could be here to stay in europe germany's dax only interesting to positive territory as trade was coming to an event some asian stocks fell by as much as four percent. but it's joins us now from the frankfurt stock exchange the first days of trading reflect what we could expect this year. well to me ben the first day of training really looks like a gigantic hangover from trying to drown out all the worries from twenty eighteen but it's not working we're still seeing the same problems and we're probably going to continue to see the same problems that worries over the trade relationship between the u.s. and china and how that might affect other countries. in asia as well as in europe. also. more u.s. politics going to influence the markets like donald trump tweets currently in the in the government shutdown. specially here in europe is going to cause more concern and even though the government just managed to turn the corner at the end of the year with this budget we may still want to have a close look at that exactly because italy

the fact that the dax is underperforming.rkets opening largely higher with the exception -- tech stocks rallied on apple's earnings. european chipmakers and apple suppliers seem to be following their american counterparts. the iphone maker managed to convince investors that there is life beyond its flagship handset. guests bloomberg reacting to tim cook's announcements. >> customers are holding onto older iphones a bit longer than in the past. when you pair this with the macroeconomic factors, particularly in emerging markets, it resulted in iphone revenue that was down 15% from last year. >> pretty global and get they did not talk about it. that raises questions about if it is all china or if china is being seen as the scapegoat. >> i don't think of nationalism or government pr guys play the role here. i think it is the cycle. iphone needs to ramp up innovation. >> they are going to offset challenges with the iphone with really good growth in other hardware categories, most important the growth and services. >> inventory wil

i use the word driven appropriately, the dax is up by 9/10 of 1%, it's the auto sector driving it.ints to the idea that we are seeing the trade narrative becoming the dominant theme now. the fed is a significant factor, we will get minutes shortly, and we have this coming up over the next few days. this is a probably date -- this is a story for thriving now. but how far will this take us? the cac is up over 1%. auto parts are up by 2.13 percent today, technology, europe does not have a let -- a lot of it, but it is up. beinge commodities are driven higher, the dollar is going down, those factors are coming together with industrial goods and services, europe is globally exposed to the trade story. that's part and parcel to the narrative. chemicals have had a horrible few days, real estate and banks are trading lower. on the more defensive end of the sector story, it is feeling more on offer. on the more cyclical end of the spectrum we are certainly seeing it hit. this is worth paying attention to, we are talking about an unconvincing rally. things are looking better, and it is certa

fb post - y drive source: dax castro 00:00-02 <"you gotta let go of my hand bro... i don't think so."> after oscar grant. a road next to the fruitvale bart station will now be called oscar grant way. then 22-year-old was fatally shot on the platform... by a bart police officer a decade ago. city councilmembers say it is a small gesture to honor grant's life. riders are sick of the crime and filth on trains and at stations. despite the agency's efforts at rolling out more officers.. especially at stations like civic center -- where this infamous drug video took place. the agency admits: it's reputation.. has been knocked off track. { bevan dufty { randy rentschler the survey also found customer satisfaction plunged to 56- percent last year... compared to 69- percent from 3 years ago. a scare in the skies tonight. flights in and out of newark airport halted temporarily... after a pair of drones were spotted at 35- hundred feet. "we missed the drone by about 30 feet off our right wing..." some pilots were told to hold on the grou some passengers not happy about the cause of the delay. "

have markets higher across the board with the ftse up 1 almost, cac quarante up better than 1% and dax index in germany 65 points two-thirds of 1% higher, mixed performance in asia. take a look at asian indices. carlos goshn is speaking out, former nissan chairman has appeared in japanese courtroom yesterday, what he said to the court and the world, coming up this morning. plus president trump will address the country tonight as government shutdown enters days 8, tied to longest in history, fox business will bring you that live, stay with us on what the white house is saying about tax refunds this morning. clemsen over the tide, tiger's national victory ahead, all stories coming up this story, joining me to break it from new york, dagen mcdowell, sendly bell, good -- lindsey bell, good morning, ladies. it should be good, dagen, yesterday i started to think about the market, here we are with valuations much better than they ever have within with the federal reserve with real pivot and job's numbers about the upside, i'm feeling good about things, i don't know how you feel, he was very p

the dax index is 1.5% higher. us, grounded, president trump can canceled nancy peloss use of military aircraft for an overseas trip. lawmakers speaking out on this move. >> i think the actions of the president were petty, mean-spirited and beneath any president of the united states to take. >> speaker of the house, leaving the country with a shutdown, i think that's appropriate. i think the best thing that could happen in everybody's interest, calm a little bit, get in a room together and put the american people first. maria: the administration also pulling its delegation headed to davos next week. the fallout from the shutdown showdown coming up this morning. then this, tesla hitting a speed bump this morning, the company reportedly cutting its workforce by 7%. it's cutting the fourth quarter guidance as well. the stock is down 6.5% right now. a total eclipse of the moon. what you need to know to see the super blood wolf moon this weekend. can't wait. all those stories coming up this friday morning. joining me to

europe, markets in the green, all higher, dax up 1 and a half percent right now. lauren: in asia nikkei in japan playing catch-up, chinese markets gaining on trade talk hopes. cheryl: warren buffet is not immune from the big selloff, a big haircut he just took in the market. fbn:am starts right now. ♪ lauren: all right, 5:01 a.m. in new york. january 4th, i'm lauren simonetti. cheryl: good morning, everybody, i'm cheryl casone. just mentioned it, change if pricing, maybe no cut in 2019 to now investors saying we need cut in interest rates, what a difference a day makes. we need that. lauren: investors are optimistic this morning, u.s. and china will achieve real progress. ahead of those negotiations, the white house is warning that apple won't be the only to feel impact on slowdown. we bring in tom horowitz, joining us now, todd, you're optimistic that some sort of deal gets done in the 90-daytime frame which is march first is the deadline? >> good morning, lauren, i mean, i think a deal will get done, i don't think there was ever a doubt that a deal would get don

the dax index in germany down 81 points. three quarters of 1%. it's good to see this morning. they felt like a different zone. has sentiment changed from any way. >> there has been no volume so far. a little bit of a wait and see attitude in terms of what's can happen in china. with all of the exterior issues. we are beginning earnings this week. kicking up this morning with the bank. beginning of a big week. i think we will get good fourth-quarter earnings. for all of the reasons we talked about earlier. i think the apple announcement. i think it's can become a trend. >> and the banks are really going to give us a window. slower growth is a big reason. sometimes the adjustment is reasonable. prices now are more reasonable. they have no bond issuance. maybe they expected a couple months ago. that was something we zeroed in on. if you look at what goes on. they are looking for a safer place to be may maybe for the time being. it's going to give them a 2.7% return. we are having a great january. it is sort of the downside risk management play. if i'm looking forward to the next

and the dax index down 34. asia markets also retire overnight. take a look at the asian indices right now. the shanghai composite up three quarters of 1%. the shutdown showdown continues. it is not week three of the partial government shutdown over funding to the border wall. president trump said there may be more talks this upcoming week. i think we are going to have some very serious talks come monday and tuesday and wednesday is going to get worse and worse. both sides really digging in here. the president said he is now planning for a field wall and set up a concrete wall calling it stronger and less of true sin. david rhodes is out as president of the cbs news. the choice is a first for the company. with the details coming up. we will tell you where elon musk's new pencil factory is making itself at home. disrespect at that golden globes. all those stories coming up and treating me from new york our own dagen mcdowell and lee carter. >> great to see you. we wish you were here we cannot wait for that particularly what we will hear tomorrow. m

the dax index is down 36 points. in asia overnight, mostly lower as you can see.tional move with the kospi index in korea squeaking out a fractional gain. shutdown showdown, the administration says it's taking action. the agriculture department is recalling thousands of workers to help farmers. hiring freeze at apple, the latest fallout from the slowing iphone sales. president trump's space force hits the screen. we'll tell you would will start in a new netflix series. those stories coming up this thursday morning. joining me to break it down, dagen mcdowell, james freeman, and national taxpayers union senior fellow, forward strategies president, matty duffler. dagen: wait for the more dan stanley number. maria: the morgan stanley numbers, it will be important to see not just on capital markets but also on the wealth management. we know what happened in the fourth quarter. that's our top story. we're moments away from morgan stanley's fourth quarter earnings. the expectations call for revenue of $9.29 billion, earnings per share of 89-cents a share. joining us tod

lauren: european stocks, mixed performance, ftse is up almost 1%, dax is down a quarter of 1%. cheryl: stocks in asia, the hang seng and kospi posting gains. "fbn: a.m." starts right now. [ laughter ] ilauren: it is 5:01 in new yor. it's wednesday, january 30th. i'm lauren simonetti. cheryl: i'm cheryl casone. a relief rally and a lot of relief for apple investors. the company's earnings report last night, better than expected. ceo tim cook warned of weakness in china and the all-important holiday quarter. lauren: investors are focusing on a significant jump in revenue from apple's services unit. here's ceo tim cook on the conference call. >> in fact, services revenues set an all-time record of $10.9 billion in the december quarter, growing 19%. lauren: joining us now is the founder and chief analyst of disruptive tech research. apple is clearly a company in transition. is it working? you saw the service revenue as particular cook just said, almost $11 billion. gross margin of 62.8%. so is the transition working? >> yes, definitively it's working and a big sigh of relief as you