this is "bloomberg daybreak: europe," and these are today's top stories. nejra: policy makers the 2019 as the end of the balance sheet runoff but not necessarily their rate hikes. thrivesa deal, market on trade optimism, but will enough progress be made to avoid new tariffs next week? there is optimism the brexit agreement is next week. barclays reports this morning. we will hear from jes staley on this. and the results. welcome to "bloomberg daybreak: europe." 6:00 a.m. in london. let's get the numbers. a number of telecoms companies reporting today. asnge and telefonica as well telecom italia. door to telecoms seeing 2019 at 23.9 billion euros, so that is a red headlines crossing the bloomberg. deutsche telekom's adjusted ebitda comes in at 5.6 5 billion 5.65 billion euros. they will propose a dividend versuse to 70 euro cents 65. dividend increase, that's a positive. fourth quarter adjusted ebitda missing. revenue coming in at 20.3 billion euros. at about 23.9om billion euros. coming up, our conversation with the ceo at 11:00 a.m. london time. manus. th

manus: a very good morning and welcome to "daybreak: europe." we are poised for another day of political theater. nejra: we absolutely are. bynificant climb down theresa may to appease some of the pro-european ministers in her cabinet payment we are hearing she will offer them a chance to vote on delaying brexit to avoid that no deal scenario on march 29, so a delay is on the table. the question is, is the momentum working? let's get into the markets, we are waiting on a couple of results to come through. we have the dollar in chinese equities. we've had this cracking run. it's the dollar index we are going to go with. conflicting signals coming through, muted inflation. if the power to direct markets or to deliver on the upside in terms of inflation? suggesting a restart of rate cuts and qe. that's putting a little bit of pressure on the dollar. let me show you what's happening with the other equity markets. goldman sachs saying you might see a little bit of a drawdown in the chinese market. if you see that you will get an opportunity to jump i

this is bloomberg daybreak: europe. these are the top stories. chinese equity shirt off trade concerns after markets play catch-up after the lunar new year. japan shut for a holiday. china trade negotiations ratio -- resume in beijing. can a deal be reached in u.s. -- before the u.s. doubles tariffs? theresa may except the offer of more talks with labors jeremy corbyn as she tries to buy time to renegotiate her brexit deal. welcome to daybreak europe. two hours and the start of cash equities trading. pause a little bit of a in the rally and risk assets since we seen at the start of the year. global equities stopping last week after five weeks of gains. you're seeing u.s. futures struggling for direction. emerging-market rally, taking a bit of a pause for breath. dropping below the moving average. you will see how currencies are performing today. little bit of a pullback in the end. dollar-yen on the front foot. of ae seeing a little bit risk on today and it is at least showing up strongly in equities. meanwhile, oil ext

is bloomberg daybreak: asia europe -- daybreak europe. top stories. >> the global stocks surge as president trump said he will extend the trade truce with beijing but will a report warning of new uncertainty cap sentiment? the new deadline for a final brexit vote, that you will consider a 21-month delay if a deal can't be reached. risk management as the u.s. considers blocking huawei's 5g sales area we are live from the global tech event. ♪ manus: she is on, got to barcelona, good morning. nejra: good morning. i thought about replacing myself with a robot to see if you would notice. it is made. these streets are going to be teeming with taxis. 100,000 people descending on barcelona for the conference over the next four days. the focus has always is on the tech, talking about robots, phones or augmented reality, but there is a shadow being cast over the conference this year as well. it is starting to shape up to be a proxy for the tension between the u.s. and huawei. the u.s. has increased its delegation to the conference. the u.s. is conc

we speak to bill winters in less than 15 minutes time on bloomberg daybreak europe manus:. manus. manus:the question from our -- daybreak your. -- "bloomberg daybreak: europe." manus: how overdone is the cfi 300? the superlative is pretty amazing. you are looking at 15%. these are the markets we are keeping an eye on. the biggest volumes in 1929. oil had a trashy day yesterday because of mr. trump. further on the downside. take it easy. that is the message on the two meet from donald trump, and down we go. so really, these equity markets are in focus. are we overdone and overblown? i have the cio with me. he says we have taken risk off our developed market positions, but they still want to be long em. nejra: yesterday, we reached a high on the s&p 500. the futures were a little softer. ay we saw in the markets, the talks are ongoing. some of the steam coming out of the markets. you are seeing safety for the 10 year treasury yield, again being bid. moving seen tables higher on the possibility that theresa may might be considering an extension to the brexit deadline. and of course, j

♪ nejra: good morning and welcome to daybreak europe. an hour from the start of cash equity trading in europe. we saw u.s. futures pointing aser, asia under pressure concerns around trade come to the forefront. we could see a flat open across some of the markets in europe. we saw weakness in equities yesterday. dax futures struggling for direction. cac 40 futures up .2%. some really interesting moves in the bond market that i will get into but i want to look at some of the german data coming through. this is to do with the trade surplus. it comes in at 13.9 billion euros, imports rising 1.2% month on month, exports rising 1.5% month on month. let's talk about bonds because we are seeing yields drop globally. you're not seeing that reflected too much in the futures, which are pretty much unchanged. saw the eurozone cut growth forecast for the weekend. bcp yields jumped higher by nine basis points. we saw the bug spread widening. it's like it could be more of a study session today judging by these futures. the 10 year yield in negative ter

that's it for daybreak europe. the european open is up next.omberg. ♪ matt: welcome to bloomberg markets. this is the european open. i'm matt miller in berlin. let's make a deal. optimistic reports surface. chinese stocks soar. everywhere else, looking a little bit like buy the rumor, sell the news. the trade kicks off in 30 minutes time. ♪ matt: progress. president trum

this is bloomberg daybreak: europe. no concessions. the u.s. president uses the state of the union to address a second nuclear summit with north korea but offering democrats little. speaking of solutions, the irish prime minister goes to brussels and theresa may wants to modify the backstop. cutting the profit forecast. european results continue with bnp paribas this hour. ♪ nejra: good morning. para get to the bnp ibas numbers. lowering the 2020 forecast revenue and profitability in tradinguarter equity coming at 145 million euros, a miss on the estimate of 421 million euros. the bnp par of us equity on control, 9.5% versus the 10% initially land in the cost cuts. an additional 600 million euros in annual cost cuts from 2020. on the dividend, bnp proposing a cash dividend of 3.02 euros a share which is in line with the estimate to the focus is the lowering of the 2020 work as your revenue and profitability. banking 30% on the speaking cost cuts. the cfo told bloomberg it is on track to meet the revised target. >> we should look at overall reve

welcome to daybreak europe, it has gone 7:00 a.m.don, under an hour and the start of cash equity trading. let's get to the ap numbers, fourth-quarter adjusted net for bp is coming in at 3.4 8 billion dollars, the estimate, 2.6 $4 billion, the fourth-quarter dividend per share coming in at 10.2 five cents, 10 .2 five cents. we have the beat there on that fourth-quarter adjusted net area just to give you some context, four of the largest competitors exceeded estimates last week weathering volatile oil prices to generate mountains of cash. the cash flow is one of the key things we're looking at for the oil majors, going into the earnings season there is some high expectations from investors, they want to know if the oil majors are investing and want to know that they are bringing their debt down and they want to have those dividends and the return of money to shareholders. high expectations, a lot of the oil majors, we spoke to shell and the ceo and said we will do it out of those investors, that is the context in which we are going int

manus: a warm welcome to "daybreak: europe." let's get straight to the , a 20%g chemicals giant stake in this company. full-year adjusted ebitda matches estimates, that is the message. when it comes to the final quarter of the year, this is what the market will be focused on, the slowdown. we've seen the drop in fourth-quarter adjusted ebitda. fourth-quarter sales also a miss. , still robust demand around the world. we want to see what they said about guidance as we get into this later on. theyourself is a this and -- full-year sales is a miss on the fourth quarter. a little bit of pressure and a slowdown on the chemical side. good morning, you've got the banks of europe. nejra: we will speak with the clarion cfo later -- clariant cfo later. the estimate for amro was 439 million euros. a significant miss on fourth-quarter net. the final dividend per share comes in as a miss on the fourth-quarter profit. a number for the final dividend per share of 80 euro cents. more than the estimate of 66.4%. bear in mind that basically abn am

this is bloomberg daybreak europe. these are today's top stories. >> getting back together, signs of reconciliation between the world's two biggest economies. a 60 is said to consider day delay to china tariff increases. airbus scraps its slow selling jumbo. hostt suisse headlines a of european earnings. a.m.eak to the ceo at 7:00 u.k. time. theresa may will bring her plan back to parliament today. ♪ manus: breaking news at credit suisse. these are the numbers. revenues rmb. 4.8 billion swiss francs in the fourth quarter. volatility, widespread. the shutdown in u.s.-china trade concerns remain a concern. the top line is fp. there's a g live on your bloomberg. hop into that. the editors are there. francine is on her way to talk to the ceo. this is what we have. francs.ion swiss the revenue is big. when it comes to the net income, a very comfortable be. -- beat. 292 million. the estimate was 191 million. these are beats on the revenue side. when it comes to the start of the year, it's a very slow start in terms of fees.

this is "daybreak: europe." bloomberg scoops, washington said to as beijing to guarantee is stable you in. hasial meeting, theresa may back to brussels and a last-ditch attempt to save her brexit deal. but theis not bullish, pound climbs to a two-week high. but turbulent year for the world's biggest commodity trader. fortescue strikes an optimistic note after profit falls. ♪ manus: it's 6:00 a.m. in london. it is that day, everyone will get their minutes. we have a big call, you're going to go to zero and possibly to inversion. urban's -- early balance sheet announcements and the short end of the curve. this is where you are at the moment. you thought you had been safe with a pivot to patients, but not according to bno. the fed may indicate the risk to the economy are higher than we are all thinking. let's have a look at the pound. a significant day, we rallied by 1%. abovein the highlands, when hundred 30, but the skew in terms of the options money, they are protecting themselves, not so much for the present. w

join the team there right now. ♪ nejra: this is "bloomberg daybreak: europe." am nejra cehic nejra cehic in london. manus cranny. let's get you a snapshot of markets. we may be going into a new trade war between the u.s. and europe. asian stocks this morning lighter, dollar index, would retaliate -- would europe retaliate? they have a hand in this potential dispute. crude is up. nejra: we are not seeing a huge appetite for risk today. judging by futures, it looks like they needed gain. -- a muted gain. markets were closed yesterday for president day, but we did close up on friday. copper a little weaker. two-monthnearing a high. gold is a touch weaker today after being close to a 10 month high. beay we are asking, why bullish on gold right now? you can reach out to us and the mliv team on your bloomberg. let's get to the bloomberg business flash. >> hsbc is selling an upbeat note despite a bruising fourth quarter. the bank aims to meet key financial targets as it reported worse than expected results due to the global market meltdown. to be more said concerned ab

this is bloomberg daybreak: europe in london.sking the question, with the boe hike or cut rates in the event of a no deal brexit? joined the debate, reach out to us. on your bloomberg. let's focus on investment strategy with the fed tightening paisus and some surprisese -- pause and some surprises from china. my next guest talks about some of the big risks and opportunities that markets need to watch out for. let's welcome martin malone. great to have you with me on set. i hope you are well. we are looking ahead to the boe. we talked about the pause in the fed numerous times. we get the surprise rate cut from the r.b.i. today as well. are central banks fueling the party for risk assets right now? >> i think so and correctly so. last year in 2018, we had a significant amount of central bank hikeage. china has cut rates this year. india cut today. chairman powell at the fed flipped from hawkish to dovish. even the markets are to a certain extent predicting maybe even a chance of a rate cut in america this year. we don't expect that

may's plan to renegotiate brexit, but time is running out. ♪ nejra: good morning and welcome to daybreak europejust under two hours away from the start of cash equity trading in europe. you want to watch these numbers crossing the bloomberg right now. raising the dividend to nine euros per share versus eight euros, the estimate was 8.81. also an increase, raising the dividend to nine euros a share. in terms of the other numbers coming through, third-quarter net income comes in at 1.7 6 billion euros. that is in line with the estimate of 1.7 6 billion. 11.5 billion euros versus the estimate of 11.5 billion euros. that for your operating profit comes in at 2.7 7 billion euros, a slight miss on the estimate of 2.7 9 billion euros. comes in at 130.6 billion euros versus the estimate of 129.2 5 billion euros. these are some of the euros coming through. also a statement from allianz, saying they plan to buy back as much as $1.7 billion in shares. but the key red headline crossing is on the students. it will be interesting to see what the picture is in terms of inflows and outflows into pimco. we will

. ♪ manus: welcome to "daybreak europe.'he latest red headline on the kim-trump summit, talks are in question as the schedule abruptly changes. what that means, we will wait to hear. they huckabee sanders said expect the conversation to wrap up in a few minutes. we will find out. sarah huckabee sanders says, saying there will be no statement, but that talks are ongoing, so quite a serious pivot. the market reaction, kospi extending drop to 1.3%, with the breaking news across the terminal. an abrupt about-face. is it negative? we will wait to see clarity. sarah huckabee sanders is not saying there's no statement. it's about the quality of the talks, not speed. that's breaking news, so we wait to see what comes from that. let me give you the breaking news on ab invev. they -- inbev. they still have a lot of debt, $102 billion, so that's unchanged. market, does grasp the organic revenue at 4.9%, expecting 4.4%. in earnings-per-share, quite a cents, thet .80 market penciling in one dollar. 10%, much higher than the market estima

welcome to "daybreak: europe." haidi: our top stories this thursday, markets with a muted is dialingington back expectations for sweeping trade deal. jay powell says it's hard to prove that tax cuts and lifted then have economy. denuclearization is on the menu as president trump and kim jong-un meet for the second time. it's 6:00 a.m. here in hanoi and were gearing up for the official talks between president trump and kim jong-un. north korean state media already saying they are expecting comprehensive and innovative results from the official talks. today we are expecting another one and one -- one on one this morning and a joint statement in afternoon, following some friendlier talks last night where the two leaders dined together and they joked around, saying they had an interesting dialogue in that 30 minute conversation. the key questions remain, are we going to see more steps on denuclearization and could we get an inner for declaration? withll discuss all this ban ki-moon later this hour. and will speak to ch

"bloomberg daybreak: europe -- this is "bloomberg daybreak: europe." bank suffers its eighth straight revenue contraction. we speak to the cfo in a few minutes. make or break budget, india's prime minister tries a last ditch attempt to woo voters. good morning. welcome to "bloomberg daybreak: europe." let's get straight to the markets in asia. juliette saly has more for us. juliette: happy friday. pledging to double incomes by 2022. elsewhere, it is mixed in asia. we had disappointing numbers out of china, which has weighed into weakness. hong kong stocks tracking lower. china up by 1% despite disappointing data. let's look at the stocks we are watching, indian stocks in focus. jet airways on a tear today. it is getting close to the agreement with -- this is a solution, the bailout plan. we have seen the revenue for the 2016 inme since july hong kong under pressure. australian private health operator, the board recommending a $4 billion bid. they could increase their bid. investors are liking that. you so much. looking at global equities, heading for t

. ♪ manus: this is "bloomberg daybreak: europe."nstitutelken gathering in north africa and the middle east. nejra: i am nejra cehic. u.s. entering a mild recession is seen by next year, he spoke with bloomberg earlier about fed policy and his global outlook. >> if you look at asia and components of chinese industrial in negativethey are territory. if you look at europe, italy went into recession a week ago. germany's numbers look like it will be in a recession in the next three to six months, and the u.s. has this positive stimulus from the tax cuts that a 250 billion dollar impact last year, and a $400 billion positive impact next year, but next year it will only be 150 billion. -250 next year, so i think economic activity will back half of 2019, and the middle of 2020 we are likely to be in a recession. and the conflict between democrats and republicans and congress, my guess is the democrats will not let trump stimulate going into an election year. the are saying he is taking economy hostage, and they will let him shoot it. i exp

sophie: welcome to "daybreak: europe." haidi: our top stories this thursday, investors are awaiting trade numbers out of china. says talks inp beijing are going well. traders are still awaiting growth numbers out of japan. shery: let's get a quick check of how markets closed here in the u.s. and the wednesday session. the s&p 500 was led higher by energy and financial stocks. wti rebounding from the two week low in trading at around $54 a barrel. higher.t energy stocks the s&p 500 gained ground for a fourth consecutive session. senator marco rubio talking about taxing buybacks at the same rate as dividends, with optimism over potential progress on trade talks as well as a potential deal to avert a government shutdown offsetting those concerns over buybacks. take a look at u.s. futures, unchanged at the moment. let's see how we are setting up for the asia session. a cautious start to the cash trade this thursday. the asx 200 opening fairly flat but nudging somewhat higher. earnings very much in focus in australia, pointing

good morning, everyone, and "daybreak europe." let's get to the ryanair numbers. confirming its 2019 profit guidance between 1% -- 1,000,000,002 1.1 billion euros. revenue comes up to 1.5 3 billion euros. the key here is the versus arter loss profit a year ago. ryanair saying it cannot rule out further cuts to airfares and guidance. basically, ryanair reporting a 19 point 6 million euros net loss in the third quarter and is expecting weaker fares. the passengers were offset by 6% decline in average fares due to excess winter capacity in europe. commentaryso the coming through here is that higher all prices -- higher oil prices and lower fares have created a wave of eu airline failures. also ryanair saying in a morement they expect closings and failures in 2019 due to overcapacity in the european market. the ceo ofeak to ryanair, do not miss that conversation in a few minutes. another one of the swiss banks reporting. it's going to be a tough one to explain. that's going to be the first issue. there really will discuss with us. it's what trip them up in the last se

welcome to "daybreak: europe."p stories this thursday, markets with a muted is dialingington back expectations for sweeping trade deal. jay powell says it's

sophie: welcome to "daybreak: europe."stories this thursday, investors are awaiting trade numbers out of china. president trump

daybreak europe lies. tune in to bloomberg radio to hear more from alan higgins at 9:00 u.k. time.vestors fear u.s. china tensions are hurting trade, china's top negotiators meeting trump. ♪ trading day, let's get your top headlines. weighs hundreds or thousands of job cuts. the stock rises. president trump meets china's , afterde negotiator hopes beijing could stump up $30 billion in additional agricultural purchases. plus, changing tastes. kraft heinz records a $15 billion plus write-down in some of its most iconic brands. shares sink towards a record low european food stock selloff. welcome to the bloomberg: the markets the european open. 30 minutes into the trading day, we do see gains across the individual indices. here on the continent and out of the u.k.. check out what we have got in terms of the movie screen. 350 gainers, 230 losers. on the gaining side, you see hsbc and mining and metals stocks. the hp group, glencore all doing well. on the losing side, it is about the losing staples, the food and beverage stocks. anheuser-busch taking the most points away. nestle is down

he will be joining us on bloomberg radio's daybreak europe. carry on the conversation. there or your mobile device. next, we will bring you some of the stock movers this morning, including travis perkins soaring after a full year revenue beat the highest estimate, up more than 10%. this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open. 44 minutes into the trading day, looking at red arrows across europe. a drop of three quarters of 1% in london. the u.s. and north korea will be looking for a key concessions as president trump and kim jong-un prepared to meet for a second time. sanctions, troop levels, inspections will be big bargaining chips as the leaders look to put some flesh on the bare-bones declaration they signed in singapore. our chief north asia correspondent stephen engle is in hanoi. what else are we expecting to come from today's meeting? en: let me set the stage first. kim jong-un has arrived we we were there this morning at the hotel on the other side of the lake behind me when he arrived by motorcade down by the border wi

james rileywas speaking earlier to bloomberg daybreak: europe you.up, we will be getting the inside track on financial implications of brexit. joining in the studio by the lord mayor of the city of london. this is bloomberg. ♪ haidi: we are counting down to asia's first major market open this morning. a tepid start after the regionwide rally yesterday. wall street trading overnight, u.s. markets are closed on account of president's day. a mix in the previous session. u.k. futures looking lower, .3%. big earnings particularly in australia. news ascending the stocks a little lower as well. i'm haidi stroud-watts in sydney. sophie: i'm sophie kamaruddin in hong kong. one major brexit headache has been solved. will nottives traders face disruption on trillions of dollars of trade regardless of the outcome of the split. it is a significant boost for the city and will be welcomed by our next guest. peter estlin is lord mayor of london and is in hong kong on a four-city tour around asia. here.now, you are six ways to go before the march 29 deadline. how are

daybreak." starting insk off, europe and spreading to the u.s. european stocks weaker.ecks getting hit hardest in europe -- the dax getting hit hardest in europe. growth taken out to the woodshed. the company barely growing this year. definitely focusing on what's happening to the cable rate. we are moments away from governor mark carney giving his press conference. dovish, warning on growth and productivity. we want to go to governor mark carney, issuing their outlook for the economy. left, they: on my deputy governor for banking. on my far left, the deputy governor for monetary policy. on my immediate right, the governor, mark carney. gov. carney: good afternoon, everyone. there's a story that the times , fog in thene channel, continent cut off. this is just a story. like much regarding the u.k. and europe, it is difficult to separate fact from fiction. that's not the intention of brexit. the u.k. is leaving the european leavingot livin europe. the exact form of the partnership, how it will be settled and when that settlement will take effect are still unclear. causin

daybreak." happy tuesday. the markets, a softer day across the board. a stronger dollar. europe, european stocks down .5%. european banks hit over 2.5%. it dollar continues to take stronger. euro-dollar down .2%. the cable rate goes nowhere, although apparently, we will have people leaving the labour party and tory party. there's still no deal. honda considering the closure of a plant in 2021. 2-10 spread continues to steepen. .8%, right around a three month high. you have nigeria elections, venezuela still a question and saudi exports falling. all of that helping to boost the sentiment there, even though we are seeing a bit of risk off in the market. 2015.id it in 2011 and david: it was not pretty. time to get an update on headlines outside the business world. viviana: bernie sanders is running for president again. the independent vermont senator announcing a second bid for the democratic presidential nomination. in 2016, he upended the party establishment by making a stronger-than-expected challenge to hillary clinton during the primary. today, trade talks resume, this time in

daybreak: middle east." the major stories driving the headlines this week. an egyptian billionaire tells bloomberg europend brexit is a disaster. but he says he says he's interested in investing in venezuela. the uae energy minister says opec and its allies are sticking to the agreed output cuts. but the cartel boss says some producers aren't holding up to their end of the bargain. and a nobel laureate tells bloomberg the u.s. it economy may be heading into a recession. and the fed might not have the firepower to fight it. ♪

daybreak." equities flying. starting off in china and spreading to europe. propelled higher by ge. between going with the flow and realizing there's something wrong with the storyline. a little bit of skepticism in the market. in other asset classes, euro-dollar up .1%. -- good news over there. crossing fromines theresa may, potentially an extension of brexit, potentially everything will be ok. they are feeling good. oil getting hit over 2%. that is a president trump story. tweets. david: he really does have an impact on the oil market. alix: he did before, but even more so after jamaal passivity. -- in terms of jamaal khashoggi. hurtado is here with first word news. isiana: president trump delaying the deadlines increased tariffs on $200 billion of chinese imports. he says substantial progress has been made in talks between u.s. and china negotiators. it wants to meet with president xi jinping in florida to finish negotiations. beijing is also optimistic but government run media says negotiations may face new uncertainty. business economists predict the u.s. will enter recession b

europe. this is bloomberg. ♪ shery: this is daybreak: asia. i'm shery ahn in new york.aidi: i am haidi stroud-watts in sydney. investors showing nerves of steel when it comes to brexit. you canst showing negotiation's could go right down to the wire in march. the whole situation with brexit, and kicking the can down the road, is that inevitable, an extension of article 50? are u.k. investments practical? >> i think it is a bit inevitable. and might be a good thing. for brexit on march 29 and it is possible that is what we will get. when: this comes at a time brussels is seeing these european growth powerhouses seeing a slowdown. this is not something that europe wants to contend with. >> but the political urgency is more of an imperative. they will play hard with the u.k. right to the end. shery: so much bad news has been invented in european stocks. could we see any surprises in the positive? >> emerging-market stocks and european stocks are like twins. they are cheap and have damaged fundamentals. we expect things will get better and we will have a catalyst for value

daybreak." i am alix steele. happy monday. we are doing a little better in the equity markets. s&p up 7. i want to highlight the mining stocks in europeeopening. classes, theasset sinceeing its best rally february 2017. euro down about 0.1%. the yuan seeing its worst drop in a year. the german 10-year yield is up. two-ten spread is up 17 basis points. crude is down there a two-year low. you have global growth concerns apparently. the dollar is going to be stronger. you'll see a selloff in the longer bond market. that makes no sense to me. david: global growth will be a concern. we are looking outside the business world with first word news. ofthe u.s. is accusing china playing tricks. american -- as they tried to assert free navigation rights. a foreign ministry spokesman did not say whether the move would impact trade negotiations. north carolina congressman walter jones has died. he was known for his independent voice and voting record within the gop. he was the only republican to vote against the tax overhaul. he said it would inflate the deficit. he also called his early support of the iraq war a mistake. he entered hospice care l

europe. industrial production falls the fastest since the financial crisis. david: welcome to "bloomberg daybreako talk about going to bars in brussels late at night. that the has confirmed president is likely to go along and sign the deal that was negotiated. he said yesterday he does not like the deal. likely hee time, it's will build as much quality can wall as heas much can without the government. we are waiting for c pi's to come in in 30 minutes. you will have to play for alpha right now because 3-6 you will not get that juice, the idiosyncratic moves. i'm just going to think goldilocks. the s&p rallying for four straight days, six points today, but off the highs of the session. euro-dollar a little weaker. overall, the dollar heading a bit weaker, taking a break of the last two days. you did have that week industrial production out of europe. .6%. up the back half of the year -- david: time to find out what's going on in the business world. -- ritika: ining beijing, u.s. delegation in the midst of a critical trade talk. demand thatington's china scaled back their global technology ambition

daybreak." investors taking a bit of risk off the table. increasingators oversight of the unregulated margin that. -- margin debt. that sprinted to europell. the ftse under performer there, down over 1%. the riproaring higher sterling -- cable rate up 1%. you are seeing selling on the backend, yields up for basis points -- four basis points. the optimism raining in the currency market. jay powell's two day testimony kicks off today. trump's tweetent about opec -- elon musk also not this hasust tweeting now happened several times, something is broken with sec oversight. the sec finding elon musk in contempt under the agreement that he would run his tweets by somebody in the company. he will continue to talk back with the sec. david: we turned out to washington and health care. now to washington and health care. the senate finance committee, led by chuck grassley of iowa, will hold a hearing today with top executives from seven major pharmaceutical companies. welcome chairman grassley now. it's good to have you. sen. grassley: thank you. good to be with you. david: what sort of legislation is on the table? sen. grassley: pay for delay, th

to "daybreak haidi: asia looks set to end a limited week in decline amid growing concerns about trade. president trump seeing no meeting with china. investors already worried about europe. theresa may failed to win a breakthrough. the eurozone is slowing. and banking on change. australia's investigation into makes hismisconduct biggest catch so far. sherry: news president trump would not be meeting president xi jinping before the deadline really hitting the markets. the dow fell .9%. the only heat of sectors that were in the green on the s&p 500 -- defensive like utilities. nasdaq fell the most in more than two weeks. we have also seen downside for s&p futures, but global investors have little to go on when it comes to more momentum to carry on the 2019 brand. let's see how we are setting up for trading in asia with yes trillion markets open right now. australian markets open right now. nabi: by the time we get to , that is when we will be .atching let's look at how we are tracking so far in this part of the world. we have seen an outperformance when it comes to aussie stocks over the past few days, largely led by financials. we are looking at a bit of a decline as syd

daybreak. joseph toymaker hasbro are falling. the company reported fourth-quarter earnings that missed estimates overall, worse than expected. hasbro says the inventory decline in the u.s. and europeeflects the shutdown of toys "r" us stores. biggestplanning its share buyback ever. the electronic maker will buy as much as $910 million of its own stock. shares are rising more than 4% in tokyo. last week, sony reported weaker profit in its playstation business. sears is back from the brink -- at least for now. a bankruptcy judge approving any lamberts $5.2 billion bid to keep the struggling retailer open. the plan would keep 425 stores open and save 35,000 jobs. the judge rejected creditors' lambert plundered assets after merging kmart in 2005. alix: one stock we are paying attention to his wirecard. police raided wirecard's singapore offices, due to a potential scheme about accounting fraud that they have been under investigation in the singapore offices. carol: this is accounting fraud, so we will see -- they have been under the gun, under the spotlight, and now there is a formal investigation. alix: they deny it and say they handed over material to police, but they are getting ha

daybreak. coming up next, bloomberg markets the open with jonathan ferro. in the markets you had a five-day rally in the s&p, gm will propel the sentiment higher. the dax is still soft in europeollar day. this is bloomberg. ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro. the countdown to the open starts right now. ♪ jonathan: coming up, the president making another push for a border wall between one shut down and seemingly the start of another. and chairman jay powell delivering his first public remarks since starting at the white house with president trump. the ecb said to see note urgent need to welcome new bank loans. good morning. five-day winning streak on the s&p 500, futures barely positive. in the fx market, euro weakness again. at 1.1387. stands yields up by two basis points. president donald trump underlying the state of the economy. >> we have launched an unprecedented economic boom. the u.s. economy is growing almost twice as fast today as when i took office.

europe take baby steps toward easing as global growth slows. walmart versus retail sales. how will the numbers match up with the unprecedented slump in december retail sales? david: welcome to "bloomberg daybreakying he is going to run for president after all. we are awaiting walmart earnings, which should be out any moment now. from very scathing words an interview with bernie sanders. really scathing against president trump. david: he said the first reason he's running is the following of the president of the united states -- xenophobic,