this is "bloomberg daybreak: europe." -- welcome back. this is "bloomberg daybreak: europe."to asia where we find juliette saly but the business flash. bae systems and the governorate of tar have entered deal for a supply of aircraft. the deal is subject to financing conditions and a receipt a first payment, which is expected no later than the middle of next year. replacing itst is ceo following forecasts of a loss. .hares plunged last week analysts say it is a short-term fix that may not be enough to support the company in a long run with the global shipping industry struggling with overcapacity and falling orders. a pair ofhas ordered advisers to help prepare for a crucial meeting with banks. the company has appointed those two handle discussions on the credit he management and operational measures. 80%es crashed more than last week after the company said it was unable to publish its results and announced a departure of the ceo. u.s. and european banks have billions of dollars at stake. that is your bloomberg business flash. manus: i will pick it up from here. kuwait's oil

anna: this is "bloomberg daybreak: europe."e shot of tokyo for you. 6:30 in london, we are live in tokyo. let's bring things a little closer to home. the european union is likely to slap unprecedented and sanctions on: later today they could see the country stripped of its voting rights in brussels. this comes after the e.u. member failed to maintain democratic reforms during an overhaul of its system. good to have you on the program. point --got to this how has poland gotten to this point? remind us of the background. >> it's been two years since elections in october 25 teen. the ruling majority started system, andthe subsequent processes which have now been completed, it for some 40% of judges to retire early, along with the counselor judiciary which decides on judiciary appointments. were actually facing a complete overhaul of the judiciary that will be complete once the president signs the last batch of legislation. experts anded by companies.s matt: how is this going to change the relationship? >> what we are going to get

this is "bloomberg daybreak: europe."e have been tracking the tax story. manus had a bear in what we saw in u.s. equity markets. what we are seeing an asian session is where we are headed in the trading day. heain and the key role plays. the dow over 24,000. you -- the equity story from yesterday. we are expected to go a little lower. keep an eye on what is happening in asia. thetax story also affecting dollar. the broader story for the week is different. keep an eye on treasuries. we saw treasuries holding their side. we have the oil price up around a third of 1%. expected, -- i suppose you touched on those equity markets. how broad is your rally? futures are at the bottom of your screen. how broad is the stock market rally? he've put together the breadt indicator. this is where we are on the s&p 500. h ismeasure of breadt expanding and a is usually a sign of good health. the realized correlation, that is an indication of breadth. saysof america's survey that their respondents say equities are overvalued. anna: coming up

this is "bloomberg daybreak: europe." a warm welcome to the program. .aning a little bit in market that is the pressure you get from the asia equity session. msci asia-pacific down by .1%. the stocks got a boost on top story, going up by .4% on the s&p in the middle of the session, but we are treated -- have we already seen the big men up on this story? meeting in japan. no change, essentially, to policy. the big question is about governor kuroda and how long he plans to stay. be bringing you that in japan. the 10 year yields very much mattof the story, miller. it touched 2.5% in yesterday's session. we had lots of conversations about what was driving that. when is president trump going to sign the legislation? a little bit of january 3 speculation. could that counter the new you're going? put in the bitcoins spot. the big story is about redefining a bear market. to what extent is it causing us to redefine the bear market? the first bear market in bitcoins and last month. we have had three since august. this is all to do

good morning and welcome to "bloomberg daybreak: europe" from the city of london. we have breaking news from airbus. airbus sees no further mandate beyond april of 2019 and the coo is going to step down in february of next year. in just three months time, big changes at the top of airbus. we will continue to cover this story for you throughout the day. once again, tom enders is going to step down after his mandate ends in april of 2019 and

that is it for daybreak europe. the european open is next.to spot the difference because matt miller and myself will be cohosting that program as well. we will bring you as part of today's programming an exclusive interview with mark carney at 10:30 a.m. u.k. time. you can switch off bloomberg television and there is bloomberg radio at your disposal. a quick word on the futures. the futures in europe are pointing to moderately higher, u.s. features -- futures flat. we will see how are we go on the start of the european trading day. this is bloomberg. ♪ anna: welcome to bloomberg the european open. at bloomberg headquarters of alongside matt miller. the crack -- cash trading session is often are away. crude link. in dots we trust. thing it safe ahead of the final meeting of the year. well t

it's daybreak europe. like what they see in terms of the tax bill from the united states of america. stock traders are cheering. volatility did rise by 18% last week. bear that in mind. on the countryside, you have potentially and absorption of justice charge against the president of the united states of america. the grand old party, could they check their president out now that they have their tax? london up by 57. no doubt about it. this growth momentum will add to the synchronized level of growth story around the world, but beware ye all. they joined the chorus in terms of stock valuations. they say monetary policy is a key driver. goldman sachs also saying the prolonged run in the stock and bond market, the valuation models are the most stretched since 1900. at the highest level since 1900. points. strong, of 150 one point 23%. you are looking at the paris market, up another 53 points. these markets have got the tax story in their sideline. that is what is driving this higher. in europe, you have there

this is "bloomberg daybreak: europe."e united states has officially referred to jerusalem, the ambition is to move the embassy from tel aviv to jerusalem. encouraging all protagonists and participants to join him in the road to peace. he said he believes in a two state solution for the israeli-palestinian conflict. he was not making comments about borders or divisions. this is what you should be watching for your trading day. social democratic party is starting their convention where they will --ide zimbabwe's finance minister is discussing the budget. they are due to hold a news conference. that will be a 4:00 p.m. today. juliette saly is standing by. is interestedast in taking full control of sky. part of the reason it is a filmly working to acquire and tv assets from 21st century fox. that despite competition from rival disney. the world's biggest banks may lose as much as it can percent a result ofenue as new rules that take effect next month. total revenue from corporate and investment banking across europe and afric

. ♪ ♪ anna: this is bloomberg daybreak europe. 54 is where we trade. bout what's happening in europe and brussels. wasportuguese minister decided to head the european group. his job is to narrow the economic wrap across the union. we have a strong economy with all member states of the 1.5zone are growing above for the first time in many years. we have a balanced budget overall with a positive outlook. theave the ability to make area grow even faster and for a longer. of time if we implement the reforms needed. we have a long debate ahead of us but it's important to note the time window that we have following the electoral cycle that several countries have , it's a political cycle that is just beginning. we need to take it vantage of that. >> ambitious reforms. which do you prioritize? i understand you want to get consent first. what the you prioritize? a common budget? expanding the european stability mechanism to become more like an imf? >> being the chair of the euro group, i have to be a generator of consensus. my opinion is important but i am more o

this is "bloomberg daybreak: europe."'s talk about what is in catalonia and what impact that is happening on the markets. the euro down a little bit. catalan separatist parties taking back control of the regional parliament. a very bad performance by the people's party. night for the local opposition. this doesn't necessarily take us any closer to independence, but the spanish political drama into used to unfold. -- continues to unfold. we will watch for the yields on catalan bonds. the broader equity picture looks positive. a little bit in the asian session. we had some pretty threatened trading. friday before christmas, fairly thin trading in the asian market. the 10 year yield is unchanged. recovery.e treasury a little weakness in the yields. billion, the strongest demand there since august 2012. some people in the markets looking to protect their portfolio from inflation and perhaps to dual -- to do with the tax deal. at bitcoin.oking it has fallen since monday's closing price about 26%. i've got a chart here. 6798 sh

"bloomberg daybreak: europe." it is 6:00 a.m. in london. and the bears are showing their angs this morning. copper is taking injuries. dr. copper has gone on holiday. 1843 is your chart if you want to have a look. copper valued by 15% in 2017. is it a shock people want to take money off the table? it is the metal with a phd. it tracks the economy. there is something much more prophetic for 2018. what you are seeing are the stockpiles in shanghai. they are rising for the fifth straight week. if you have such synchronized, robust global growth, would you still be seeing a rise in stockpiles and perhaps not a draw? we have talked about it yesterday to results and roads, railways, bridges, thomas. -- tunnels. it may abate. fixed asset investment may drop to 12% from 20%. that could have a more prophetic phd.t on the middle of a 1843. how is all of this transferring into the risk radar? metals are down. you have seen the msci asia-pacific come lower this morning, down by 1.18%. so good never seen it in markets. why would you not think some profi

this is daybreak europe. is your top stories. good rings for the greenback.k for its first annual decline in five years. a ride, uber agrees to sell a sizable stake to softbank. the right healing from a less bumpy journey? not for publication. the u.k. government has decided release information on the creation of the year. the cabinet office denies hiding sensitive information. ♪ manus: welcome to daybreak europe. it's the last show of 2017. what a roller coaster year to spend. a tortured dollar, indifference bit going but only 2% of americans actually traded it. shifting gears to softbank. got evaluation 20 years lower. japanese benchmarks setting records from the 1990's. or the, apple apologizes reason my iphone has been almost as tortured as the dollar. the battery. finally apologizes. good job, apple. the dollar inns with a whip -- whimper. not the stellar reserve currency that was. it's going to be cuffed to hang on to your dollar. but this is how european equity markets are opening. asian markets trading up. benchmarks in japan the highest since 1990's.

this is bloomberg. ♪ matt: welcome back to bloomberg daybreak europe.lagship show from our new headquarters in the city of london. x futures trading down by .251 percent. the focus will be on the macro picture on rates. 2.37ee the u.s. 10 year at after the fed rate -- raised rates and left its dot plot unchanged. positivees, a slightly start. very little movement as far as stocks are concerned. let's get a bloomberg business flash with juliette saly. juliette: the head of ubs says $1.3 trillion wealth management unit is stepping down. oversee corporate lending to swiss clients. it is the second to partner in two weeks after the chief left the bank. steinhoff, the sire -- a south -- the insurance giant company which owns the mattress firm chain in the u.s. whileered problems reviewing statements from 2017. shares have plunged by around 80% in the wake of the scandal. that is your bloomberg is this flash. -- business flash. after the fed day hike their rates. final policy meeting where mario pollock -- mario draghi unveil his projections including the fir

this is "bloomberg daybreak: europe." this year is tapering out a little bit. as we get into the penultimate week of trading. the msci index up by 0.1%. the republicans seem to be ok in the senate. susan collins, the senator from maine, pushing that one through we think. the houseboats later today. voteseek -- the house later today. we have a few things on the agenda. and u.s. gdp updates. let's talk about what is happening in south african currency. the u.s. dollar is gaining a little bit against the african round. the trajectory of travel has been strengthening in the rand. tribes in the anc vote. deliver onable to the promises. will there be risks around that? that is something we will be picking up with our guests in the next hour. in terms of the broader story, you are looking at -- matt: i am looking at that was up 20%.pix it is up to 826 year high -- it is up to a 26 year high. returns wouldn't be so great. ine you can see the topix blue. in yellow you see how it has returned year to date for euro investors. the strength of your currency, the common curr

this is "bloomberg daybreak: europe." risk have a look at the radar. the tax story is very much epicenter of things for markets in the asian session and the united states on friday and of course, in the united states later on today. let's have a look at the msci asia-pacific, up by .8% right now. the markets are factoring in something more positive on a tax run. the republicans agreeing to their version of the tax plan that this is the penultimate trading week of 2017, reflecting what we saw on friday on wall street. i wanted to highlight what is happening in india. earlierhe sensex down on in today's session. it looks as if, he has come out victorious. we saw the sensex down by 2.6%, up by .7% in the indian session. by .2%. further to go on the tax bump story. we hit records on friday. could we see further gains in today's session in the middle of week? a vote in the house and senate, and all of this to do with reduced rates of corporation tax and all of the other changes that are encapsulating this tax legislation. how material is this for corporate

good morning and welcome to "bloomberg daybreak: europe" from the city of london. we have breaking news from airbus. airbus sees no further mandate beyond april of 2019 and the coo is going to step down in february of next year. in just three months time, big changes at the top of airbus. we will continue to cover this story for you throughout the day. once again, tom enders is going to step down after his mandate ends in april of 2019 and fabrice bregier will leave at the beginning of next year. a lot going on on this friday and you are going to want to watch treasuries as the tax reform debate continues. manus told you, once a larger child tax credit. donald trump says he is sure rubio will vote for the legislation. treasury yields up by one basis point. brent crude is one you will want to watch as well, bouncing around between gains and losses, but still relatively high levels, considering u.s. output is at a 30 year high. can opec continue to hold those levels? now, $733. up right the interesting issue is, you can now use bitcoin as collateral for loans on the

this is "bloomberg daybreak: europe." are your top stories. one final flattening. spreads near their tightest levels in a decade but with the fed forecasting three height, is a central bank underpricing risk? new year, new fear. italian politics will be front and center in 2018 as opinion polls put the prime minister expecting to end his administration later today. bitcoin resumes its tumble after south korea said it would shut down at least some stopocurrency exchanges to -- to stamp out speculation. ♪ risk and regulation, cryptocurrencies had better watch out if the south koreans or any benchmark to take guidance from markets, one last hurrah for the bond market a flat. asian equities are steaming toward record highs. is bloomberg commodity index at a six-week high. sincequities the best 2013. the momentum is there but could central banks unseat the momentum in equity markets? that is the mood for the next hour. could the tax change -- don't forget the rebalancing in china. the consumer is king and queen in china. hurrah, or is it? 50 basis in terms of the spread

comcast business outmaneuver. ♪ this is bloomberg daybreak: europe. london, 3:30 in tokyo.e dollar against the 113 .43. -- we have theresa may in brussels. that's where we are focusing, but asian equities are where we are focused. things are more positive in the asian equities session. let's get more with nejra cehic. nejra: it looks like asian equities firmly putting those eight days of losses, the longest losing streak in two years, behind them. it is a sea of green across the region. the japan, the nikkei closing higher than 1.4%. hensing higher by 1%. australia showing gains, a second day of gains. we are seeing dollar strength. the bloomberg dollar index gained every day this week. you can see the dollar chart up here. it is heading for its best week this quarter. that is partly on the progress you have seen on the u.s. tax bill. also the reports that donald trump is going to announce some infrastructure plans next month and averting that government shutdown that was due to come down that has been delayed for now. dollar strength is what we are seeing. it is not gettin

he will be joining our team on daybreak europe live in london. definitely tune in for that.xi company or not? the eu decision on uber status coming up. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. trading day. here are the top stories. senate success, the tax of farm bill passes the upper house putting republicans -- a bumper budget as the world's biggest oil export plans to boost spending. taxi troubles, the european union is set to roll on whether a tech a cap company or platform. the crucial judgment is imminent. good morning, welcome to "bloomberg markets: european open." i am matt miller at the headquarters in london. we are expecting breaking news. leading the key rate unchanged at -0

daybreak europe. this is what the markets are focused on. anxiety about a debt ceiling showdown.risk of a close down? yields are up three months, money is costly at the pump. you have a ratio of 2.17, you have a squeeze coming through. treasuries sold $45 billion worth of bills. the cost was 1.45%. is 2.71.er ratio that is the lowest since 2009. there is anxiety about what comes next. in have had the success regards to tax but what happens next in regards to funding the government? brendan brown's concern is a growth showdown in 2018. that would have consequences for the dollar. and a three-year high for the equity markets. that is tied to the oil complex which was lower this morning. gain in, just a slight benchmarks. the aussie is coming back from a four day weekend. plunges, we will see a $1.2 billion share sales come from them. au're seeing a bit of shakedown. three-year highs pretty much intact for these equity -- equities and the run as we goes for the 20 -- the end of 2018. oil is shaping up, we broke the highest level since mid-2015. oft carries 700,000 barrels oil. in ha

daybreak europe. i am manus cranny.m anna edwards live from bloomberg's headquarters in the city of london. manus: alabama upset. democrat doug jones wednesday -- wins. a crushing defeat for the republicans. the dollar falls. anna: the hike before christmas. market gear up for the last fed rate decision. janet yellen's view of the year ahead. the eu warns the u.k. against breaking its promises. even as it appears to offer britain ever award before their summit tomorrow. -- an award before their summit tomorrow. welcome to daybreak area diamine is cranny in dubai. inflation data later in the day. hadrises 1.8%, the market penciled in 1.8%. that is the yearly number. the market has penciled in plus .3%. this is in line. you are seeing a very strong confident numbers -- confidence numbers. is where was a short time ago. saying they believe in strong momentum in the european story. the german cpi numbers. it is all about the cpi. anna: keeping it german this morning. .etail numbers from germany first-quarter sales 1.9 billi

from new york, this is bloomberg. ♪ pimm: this is bloomberg daybreak: europe emma: emma: a took overoday will cleat and -- create gambling giant. in a deal valued at $5.4 billion. ladbrokes is known for shops and online operations. jvc has online brands including party casino credit the stage is being set -- party casino. the stage is being set for going to consider a deal into the highly competitive market for smaller passenger planes. and the parent of google no longer needs the adult supervision of one of the tech world's biggest names. eric schmidt stepping down as the chief officer of alphabet. he will remain on their board. that is your bloomberg business flash. david: thank you. majority reclaimed, the elections in spain saw separatists take back control of the regional assembly. we welcome back our colleague reporting from barcelona. give us a rundown of what exactly we know since the polls. >> it was a very messy election in catalonia. the winner of the ballot was a pro spain party, clearly in favor of staying in spain. they had a very good result. but it is not good enough

bloomberg daybreak: europe you heard in new york, washington, d.c., boston, the bay area, and acrossis is bloomberg. ♪ ♪ i am carol massar in new york. nejra cehic an hour london bureau. it will be a pivotal year for european banks as new regulations like mifid ii will come into force and dominate headlines. there is also the small matter of the u.s. tax regulation. credit suisse saying a key division may increase its u.s. tax increase. lots to discuss. here is the senior european dusty light and still with us is nandini ramakrishnan. me start with you, jonathan. what do you see as the military environment -- can you hear me? sorry about that, we are having an issue. carol was asking about mifid ii and the migratory environment and what that impact might have? been a long time coming. it has been deferred six months. we know that, from a research perspective, the banks are still not fully up and running. we would expect a little bit of revenue erosion there. capital, thet answers we got in december, they were beneficial to the banks as well. towards the end of the pain of regulation,

take a look at europe this morning. 1.23% to the upside. we were talking about this on daybreak a little bit earlier. it looks like it could underperform today. pointing to amany 1.6% rally. that is what we are seeing there. friday, when europe closed, down by 1.25%. the reason for that is that europe closed with out pricing in the tax story, but pricing in the flynn story. as we have already indicated, that is going to turn around quite quickly. look at the swiss franc trading, down really strong this morning. the bloomberg dollar index trading up by 0.5%. there are some interesting anomalies taking place out in asia. down, kind of a bit like the swiss franc story. copper is stronger. you may see a difference in performance of the base metal stocks with what is happening with the oil stocks today. plus, also, a little bit of the dollar story thrown in for good measure. issue of theo the pound, it will be interesting to see how the pound trades throughout the day given what is happening in brussels. marketsing on in these this morning. >> in the u.s., the senate suggests aon pot

daybreak. it is a setback in europe for uber.ourt ride hailing company should be regulated like a taxi service. that could hurt expansion by forcing and then to pay for employee benefits. fedex raised his annual forecast and said it is on track for a record season of holiday deliveries. fedex has also rebounded from a .une cyber attack amazon remains the top online destination for american shoppers seeking products but others are catching up. research firms, 49% of online shoppers go to amazon first, down from 85%. google and other search engines rose from 26% to 36%. consumers go to individual retailers sites only 15% of the time. to the private equity world, eig global energy partners recently partnered with fs investments to create a joint venture to finance energy and infrastructure companies. we are sitting down with bill sonneborn. i am here with bill sonneborn, one of the most influential investors out there in the energy space. you worked at kkr, tcw. thisus about this deal, tie up, what does it tell us about the state of

daybreak. we made it to the end of the week. we see an excellent move upward i u.s. equity futures. the dow jones is up by 75 points. europe the softer foot as european stocks are down .4%. it's a mixed dollar story. the dollar is weaker throughout the morning. the euro-dollar is modestly higher. the shakeup started in the cable rates. the sterling versus the dollar is up. we can move forward and talk about trade. sterling continues to drop. yen continues to gain steam. are there questions about the yield curve their control. 48 basis points, we have seen a monster move in two-year yields. we had nine straight up weeks in a row. the last time that happened, 1994. lisa and i were most definitely in high school. emma chandra is here with first word news. emma: they will release the final tax overhaul bill. there may be problems. marco rubio said he won't vote for the measure unless there is a bigger increase in the child tax credit. there are questions about how the tax cuts will be paid for. paul ryan is dismissing a report that he plans to retire. dozens of people who know him well say they expect he won't stay in congress

daybreak." futures up by 16 points but not a lot of movement heading into the fed decision later on today. is a mover in europeas. now we are flat on a day after wages came in slightly stronger than expected. selling in the bond market in europe. yields move up by seven basis points. steady as she goes as we wait for the fed and the wait for the data. here is where we stack up. year on year coming in letter than it estimated, down sequentially, 1.7%. .1%. on month basis, up software cpi reading. take a look at the dollar index dropping on that news. 10-year,look at the also, yields moving lower as buying comes in. down by one basis point. dropping like a stone. equity futures, not a lot of movement but the dow jones giving up those 16 points. core cpi year on year misses estimates. 1.7%, down sequentially as well, same for month on month. makes the job a little mark obligated for the fed in a few hours. still with us are kevin logan and drew matus. kevin, apparently a reaction in the market. we keep waiting for this inflation to come, full employment, we think. what is going on? kevin: there is this controvers

daybreak asia." the travel ban is back, the supreme court rules it can take effect during these challenges and a landmark victory for the president. in europeough in brussels. negotiations stumble on borders with the northern irish party holding the aces. betty: from bloomberg's global headquarters, i am betty liu in new york, where it is after 6:00 p.m. this monday evening. chipmakers taking a hit on wall street, they moved to more tax cut-friendly stocks. 2017

daybreak." i'm emma chandra with your bloomberg business flash. there's a big takeover in the europeusiness. read them cap has agreed to buy australia's waste failed -- westfield. they own and operate 35 miles in the u.s. and uk. to renovateng struggling retailers. disney is trying to buy a piece of 20th century fox. disney would acquire fox's film and tv studios, some of its cable networks, and a stake in european satellite provider sky tv. goldman sachs is doubling down on its bullish commodity call. goldman says that commodities will bring better returns than other assets in the long run. that's your bloomberg business flash. david: republicans are committed to getting tax overhaul legislation signed into law before the holidays, but they have to get through several steps to get there as we laid out in this list that we will put up for you now. the comfy tough to agree that there is clearance in the senate parliamentarian and the joint committee on taxation. they have to go back to both houses and then they knew the president's signature. to take us through what needs to get done,

europe, you are not doing business. thank you, kathleen hays. you can always find in-depth analysis and the days newsmakers on bloomberg radio. stay tuned for daybreakd the radio app or visit our website. this is bloomberg. ♪ ♪ i'm paul allen in cindy -- in sydney. ramy: and i am ramy inocencio in new york. weekend withe barnaby joyce winning a special election after having been forced to step down from parliament some weeks ago, but malcolm turnbull faces a biggest test, there could be a much closer election. all of this as turnbull faces his own calls to quit. it's bring in our sydney euro chief. -- bureau chief. when one headache stocks, it looks like another one or two are starting. what is the sentiment now? say, at the weekend, it was a rare reprieve or the prime minister, barnaby joyce comfortably won his seat. so comfortably he declared victory with only about 30% of the vote counted. as you say, the government faces a much tighter by election on the summer 16th, when another government lawmaker must re-contest his seat and the contest is likely to be much closer. paul: that would make kim jong-un west, 64%, very impressive. nextll be tighte

brokerages preparing for regulatory overhaul in europe next year, by trading their artificial intelligence. this is bloomberg. ♪ ♪ betty: this is "daybreakyork. yvonne: i am yvonne man in hong kong. using artificial intelligence to trade. january,s effect in forcing brokerages to charge investors separately for trading, as well as research. let's look closer with the david degraw, executive director and algorithmic directorate daiwa. thank you for joining us. it is designed to help the investor. how do you expect artificial intelligence to do that? we are implementing our algorithmic platform in a way which uses the recent affects -- events in artificial intelligence and machine learning, using networks to better model the distribution of the volume patterns in the market. as well as the trend in price formation that happens during make oururs, to algorithms trade more efficiently and have less impact on the market. we expect this will be beneficial to investors, who will have greater transparency and better control over their investments, and the implementation of investments. 's differentiating factor with your ai, you focus on the tra

daybreak. this is the hewlett packard enterprise green room. coming up, this is bloomberg. now to your book -- bloomberg business flash. shares plummeting in europed investors the biggest customer apple can design its own power management chips within a few years. they rely on apple for three fourths of its revenue. seeking an maker ipo. they are considering an ipo as soon as next year. banks have suggested hong kong is the most likely place for shares to be lifted. chase says it is too early to turn bearish on stocks. activity is still likely to remain above trend. they are up 20% this year. that is your bloomberg business flash. >> thank you. michael flynn's guilty plea friday for line to the fbi raised a question, some people thought it would be alarming news for president trump. thought it was alarming news for his son-in-law, jared kushner. eli, you haves, watch since people have said what this means. i'm not sure i know what it means. take us to the central charge. about whatthe fbi he'd talked to the russian ambassador about. what does that tell us about the larger question of collusion between the trump campaign and the russians? >> what

daybreak asia." betty: we are also looking ahead to the open, the market open in india. inflation failing to reach its target in the u.s., japan, and europeosite. zooming past the inflation target, bolstering the view that interest rates may rise earlier than expected. we have the bloomberg charts that we need to know. this has to do with tomatoes, onions, all that? >> it has to do with vegetables and fruits across india because of the seasonal monsoons. check out my first bloomberg terminal chart. one.would be this this is the price of onions on a seasonal annual basis. you can see that at the end of almost every single year, the price of onions skyrockets. 400 timest is up by seasonal annual basis. more than the base price. it is 800 indian rupees because of the rainfall happening. there is a knock on effect in of the food cpi. the food cpi is having another knock on effect on the cpi. that is why we see this on the blue line, 4.8% for the november cpi. this of the food cpi beating an our bloomberg survey for the month, and quickening at its fastest pace in 15 months. you can see how is relative to the october cpi. a lot of people befor

daybreak asia betty: now, to an exclusive interview with bank of america ceo. he talks about tax reform, the state of the u.s. economy and prospects for europe.ly creating enough jobs for people is hard work. ourhey are working on it, research team, one of the best in the business, has been growing between 6% and 6.5%. it is that fundamental organization, industrialization, pulling people into the economy, they have to create a lot of jobs and that creates a lot of work. the shadow banking, all the things we see with policy changes, it is not news to them they have to figure this out. they are working on it, trying to engineer that change without slowing it down too far. that is the tension that goes on. so far, there have been times they thought they could do it. it is the second largest economy in the world. 6% is not a bad income -- outcome. >> a big central market for bank of america. in the past you had some interest to their. now china is saying we want to liberalize and welcome in u.s. banks, owned more than 50% of some of the equities. how big a priority is that for bank of america? outside the u.s., we do investing and we have that i

daybreak asia." the travel ban is back, the supreme court rules it can take effect during these challenges and a landmark victory for the president. in europeno brexit breakthrough in brussels. negotiations stumble on borders with the northern irish party holding the aces. betty: from bloomberg's global headquarters, i am betty liu in new york, where it is after 6:00 p.m. this monday evening. chipmakers taking a hit on wall street, they moved to more tax cut-friendly stocks. 2017 leaders are rather unloved. progressiverudeau's mission stalled in beijing, with sticking points on all sides. ♪ betty: david, good to be with you from hong kong there. favor,stocks today in those that will benefit from tax reform. but don't pull out the party have yet. i want to pull out this chart, g #btv 339. it is according to vanguard, the index fund company that manages almost $5 trillion has drivenot of what the markets, the low volatility, the record runs in stocks, the record stimulus, the low wages, no inflation, that is about to end in 2018. tax reform or no tax reform. they see more volatility to come, which means they see lower returns. do not expect o

daybreak. the world's largest home improvement chain home depot plans to buy back $50 billion shares. before today, home depot stock steinhoff international punished in europeer a ceo quits amid counting -- accounting irregularities. the company owns pound went in the u.k., a french furniture chain, and mattress firm. goldman sachs is trying to revive its struggling commodities unit. goldman hired deutsche bank's david costa do star to lead energy sales in europe. the unit is on track for its worst year since the firm went public. that is your bloomberg business flash. jonathan: i love that story, because the question with goldman -- alix: i love that story, because the question with goldman is how do you measure success and i think it is higher. david: they are redoing their commodities unit a lot, and this is a big higher. -- hire. the: in the markets, it was longest selloff in u.s. equities since august, but the last two sessions were interesting because we were flattened to the close and then we sold off. that is unusual for the s&p because usually we were buying into the close. last week and next week, flat. down those last two days, what does that mea

europe. the ramifications of that. .e continue don't forget on bloomberg radio your briefing for the morning, what better way than to enjoy the commute? bloomberg daybreaks bloomberg surveillance. what's get the bloombergs business flash. in three weeks, stephen: can once again start managing other people's money. his hedge fund plans are making investors wary. :'s new fund would lock up capital for one to three years. client be able to withdraw money only by paying an extra fee. airbus directors are meeting for a pivotal review that could determine the plane maker's future direction. there was a report the ceo plans to tell the board he does not plan to stand for a third term in 2019. airbus is bracing for fines. of theancial results countries flagship airline. bloomberg spoke to the ceo of qatar airlines. >> we are still giving profit earnings. as matter of fact, very negative year. numbers arengers concerned, we are hoping we will be very close to the number of passengers we carried pre-blockade. taylor: the saudi's, bahrain and egypt cut links with qatar in june. they claim qatar backs extremist groups. qatar denies it. so much, taylor. prime minist

daybreak." i'm here with abigail doolittle. welcome. alix steel is off. almost the holiday. abigail: happy friday. getting ready for the long weekend. and not a lot of action for u.s. futures. let's start in europeok at the -- reflecting -- the ibe

daybreak for at least fifteen people who are missing. migration and asylum seekers remain hot topics in europe thanks but european politicians struggled to provide answers while those who fled wait for what might come and worry about family members back home i feel very shame because i am german to save europe and the refugee crisis incites outlook's phantoms of the past. to switch on d. w. .