medical, driving, dbs, enhanced dbs. we had cctv in our ca bs enhanced dbs.nd. all of this stuff that happens that needs to happen. it is common—sense, it has to happen, without doubt. steve, this is not the case up and down the country? all around the country it isa country? all around the country it is a bit ofa country? all around the country it is a bit of a mishmash of various rules and regulation. unfortunately, what the government has done, the report made over 30 recommendations and the government has cherry picked what they think are the easy ones, they have put in phrases like when time allows we will look at legislation. this is an urgent public safety matter which should have been dealt with now. the committee was formed from people from the taxi industry, private hire industry, road safety charities, various mps, the government is still trying to brush it under the table. provides what needs to change, from your perspective? provides what needs to change, from your perspective ? they provides what needs to change, from your perspective? they will

some earnings coming through from dbs, one to watch in singapore. the market in australia. sophie kamaruddin in hong kong. gaugingwe will be reaction to result from australian companies can we have futures trading at a four-month high. i want to highlight afp which we are watching this morning we had the stock falling to a record low friday, seeing the worst today drop since october 2018. the stock could move after amp acknowledged the impact of venue government super valuation bill costing $10 billion australian this year and 2020, a 30 million dollars australian it. there could be some changes. the stock was downgraded to j.p. morgan to neutral on the back of that. shery: coming up on daybreak asia, peterson institute senior fellow jacob kierkegaard joins us to discuss the latest on trade talks and geopolitics. we have heard about progress on those trade talks in beijing and the talks will resume in washington this week. there have been claims with progress with few public details. we will have that interview coming up. haidi: that is not a done d

now many are left the problemntinue as long as the db uses outdated technology. >> the big concern is that we have a lot of california drivers who are making a tough choice today, whether to drive without a license as no fault of their own or figure out some other way of getting around.>> they say they fixed the system problem. they are being audited by the state department of finance. >>> the richmond bridge is open but not for long. next, the problem that caused major trafficshut down the brid hours to make emergency repairs. >>> the supreme court weighs in on abortion rights. we are driv along the bay area at highway 4 . it looks good over to concord. >>> a little bit of light rain. it is on its way with the systems that will impact us over the weekend. [phone ringing] remember the way we used to do things? hey man... like connect with friends? dig it! or get in shape? or sell a house and pay a real estate agent a big commission. [crash] at redfin, we charge you a 1% listing fee. and because redfin.com is america's #1 brokerage site our agents get more eyes on your home so you sell

dbs has reported net income that came in below the analysts estimates.million u.s. dollars with net income of 1.7 billion the u.s.. as rangeiggest banks was 1.5 percent, slightly lower than the 1.7% from a year earlier. bloomberg daybreak middle east we will -- aidi: icbc's bid to launch wealth management asset has been approved. it says it has received applications from several other lenders. asked year it said it was planning to invest $2.5 billion in a new operation. bank has been censured for feeling a confidential report. the r.b.i. assessment identified -- yes banklatory has said the r.b.i. found no diversions is i loans in the last financial year which caused shares to jump the most since 2005. quick let's look at our -- let's take a quick look at the asian markets. we are off to a positive start after i strong hangover from wall street. surging to the highest in 10 weeks. a really broad-based rally. the are seeing the nikkei to to five trading at its highest since december 2018. energy and oil names leading those gains after we had the oil pricev

bongi machangu and her daughter zinhle live right by the t&db colliery. the mine has been officially closed for decades, but is still polluting the grouound water. it's a dangerous area. parts of the mine are burning underground as a result of spontaneous combustion. forsman is a small community not far from the mine. residents here suffer from the pollution, and also from the uncontrolled explosions inside the mine. machangu's daughter was injured in an explosion three years ago. since then, she's suffered from epilepsy. last year, machangu was herself injured in an explosion. >> it was on june 5th. i was making lunch for the children at around 1:30. then i suddenly heard this huge explosion, and i hit the ground. someone dragged me outside. then half the house collapsed. and a friend took me to the hospital. >> since then, bongi machangu has not been able to move her arm properly. but she's received no compensation. even though they themselves are dependent on coal to cook and to heat their homes in winter, people in communities like forsman or masakhan

deep desire dissatisfaction among members of congress about his handling of the khashoggi affair the db resolution doesn't actually impose any sanctions on saudi arabia what does it mean as far as the conflict in yemen itself. well it does mean that there will be no more u.s. assistance in military terms for the saudi forces operating there now the sim volved all sorts of levels including the refueling of solid the flights in which the pentagon said has been halted fairly recently but the provision of weapons obviously the provision of advice all of these played a major role in that conflict now the one a dent in that was put on to that bill is that the question of intelligence sharing that will continue when it is defined to be in u.s. interest but certainly this legislation as it stands a very sharp blow to saudi arabia's ability to operate in that ongoing conflict but to do it may all be moot looking at that presidential veto that's likely to be coming down the road thank you very much for that mike hanna reporting there live from washington d.c. in other world news at least twenty s

. >> andrew mcc db be. >>> coming up the aftermath of firing. do you they dejustified? >> absolute ult wps and. so understandably they appointed special counsel mueller and we have to allow it to proceed unimpeded and it has to be shared with congress and the american people. >> the fbi director says that the deputy attorney general was completely serious in his discussion of possibly removing president trump in the 25th amendment in his proposal also to wear a wire to record president trump secretly in the oval office. does that concern you? >> well, it concerns me when someone talks about wearing a wire and collecting evidence without any judicial safeguards. a lot of people were wondering whether the president was able to discharge his duties in light of pressuring him or asking him to drop the investigation into michael flynn and later on saying the firing was because of the russia investigation. >> you also serve on the house oversite committee. >> yes. >> they say attorneys representing president trump might have actually given your committee false information to

i'm having an issue db i goton e clicker. throw me that one. boom. now we're ready to go.ow that happens. big storm back toward the west, that sto is movin in and that that's going to bring us the rain we'll continue to seenight day tomorrow. lookov at heer temperatures,th2 degrees n of d.c. 32 in college park, gaithersburg, around the leesburg area. dulls right now at 35.po ts to the south should stay above freezing so we're not worried about those areas. areas we're worried about are north and west. the school bus forecast could be a tough one for the morning, wintery mix and rain, andld thea co rain all day, even the places north and west tomorrowe should cha over to rain during the afternoon. but tomorrow mning is going to the key. >> absolutely. that's why we're in weather de potentially into the afternoon to evening hours. you're dealing with rain and mix for the morning commute andte ially just heavy rain for the evening commute. starting in the.c. metro zone, a chance for rain, chance for pocket of snow, sleet, rain, freezing rain tomorrow morning, that changes to

upgrading it how we can, but thus far, until we get a true sound abatement test, we don't know the level of db. to this point, it has never been an issue. >> thank you very much. >> thank you. >> all right, well, i am excited about this project and i commend you for your community focus. i have opened a lot of venues myself and previously very sleepy places, so it has always been a dream of mine to take over a place that had inundated their neighbors with hard-core death metal for years, endears, and years, and i could show up and say, hey, i will change things up, no marked death metal >> there is room on the tee -- there is room on the team, man. >> everything i have heard, it sounds like your head is in the right place for community outreach and you have the experience. on nights that are less busy, do you have any plans to promote or nurture up-and-coming local music, or maybe acts that are more -- less commercially viable , is that part of your thinking? >> i am for all of that. i do not believe in one thing does it all. part of this is that. you cannot preserve the essence of a place in

what about the db ua rate case? what about baltimore, what about the covington high school kids? now famed attorney, somebody i have known a long time, linda wood has filed a massive $250 million lawsuit against "the washington post" on behalf of nicholas sandman, a brutally devastating 38 page lawsuit, you can see it on hannity.com. and will be here in just a few minutes. 115-pound covington high school student who was absolutely vilified by this medium mob after he was videotaped standing saying nothing, smiling, and trying not to react to all that was going on around him. as you can see, a 64-year-old native american activists drumming right in his face, and screaming rather loudly in his face, despite showing incredible amazing great restraint in staying calm and doing absolutely nothing wrong, nicholas sandman was repeatedly smeared, slandered, his character assassinated, over and over again and again on a national stage. they falsely reported that nicholas sandman approach the native american activists, it was the other way around. they falsely reported that he was a racist

db yes, i think there is -- >> bret: yes, definitely, hurt feelings about the amount of attention toes or does not get. i'm sure the hearing will get a big splash tonight and tomorrow in the papers. and tonight in the coverage. but this will get a lot of attention, too. >> dana: indeed. >> bret: if they get across the finish line, that will be something. >> dana: they could make significant news, beclaring the end of hostilities. history doesn't care about cable news cycles. but we do and we appreciate you being here with us, bret baier, thank you. >> bret: you bet. >> dana: martha maccallum, aferk kor the "the story," we brought up the fact that the hush payments were made and michael cohen feels it's important to bring up melania trump and express how hurt -- he knew it hurt her to lie that it made him embarrassed to lie. >> i found that very interesting. this is a question of federal campaign finance violations. in order to prove that, you have to prove that the reason that the payment was made was in order to help the election. now, one of the arguments that the president's team

remember, bloomberg radio is live on your mobile device or on db -- dab digital radio in the london areayou can see markus karlsson with hannah george hard at work. tune in by typing radio . this is bloomberg. ♪ anna: welcome back to bloomberg markets, the european open. 16 minutes until the start of the cash equity trading stay. a lot of this -- trading day. a lot of this has to do with trade and what we might or might not see from the leaders of the world's two biggest economies. donald trump says he won't meet xi jinping before the deadline to avoid higher tariffs on chinese goods. the president previously said he plans to meet his counterpart in late february. joining us from hong kong is bloomberg's chief asia correspondent. good morning to you. one of the -- what do these latest comments mean? we were saying it's interesting the hang seng doesn't seem fit to fall further. how much significance to we fromhed to these con -- donald trump? conclusive -- a it's important to hold off until we have a conclusive trade agreement signed. president said he would meet president xi soon. b

i think the relocation subsidies, that's something that might db. >> we are going to leave this recorded program, and take you live now to capitol hill, where a house panel is investigating sexual assaults at the u.s. military service academies. we expect to hear from the superintendents from the naval academy, air force academy and west point. live coverage here now on c-span 3. >> i think without any objection, we will start with them in abstemtia and move forward. this meeting will come to forward. my name is j

a great frame of mind great form but of course it was because that book they have quality from the db are on the list right. there is a reason being behind them being who are the favorites for the for the champions league with and then again nothing. but the level we need to aim for at this club well of bron james in the l.a. lakers are in danger of missing out on an n.b.a. playoff spot they lost the alonso hawks on choose de james itself put in a pretty impressive earth it's going to twenty eight points eleven rebounds and sixteen assist to his fifth triple double of the same simply couldn't save the lakers on his own john collins and trey young each school twenty two points to help atlanta to a one seventeen to one thirteen when the lakers have now lost for the last five games and six ten in the west and cough. or afghanistan cricket same is preparing to take part in its second fifty over world cup it marks a remarkable achievement for the pyres many young afghans learned how to play in refugee camps and as tony burley reports from jalalabad cricket is also helping afghans cope with

. —— du db. had something that was at least judith. -- du db. thank you for your time. to be that if the dup can be won around to reassu ra nces be that if the dup can be won around to reassurances on the backstop other mps may be likely to follow. the actor liam neeson has sparked a race row after making comments about once wanting to kill a black person when a close friend told him she'd been raped. here is a clip from his interview with the independent, while promoting his new film. i'll tell you a story, this is true, i'm not to use any names. my friend earlier i spoke to the journalist clemence michallon who carried out that interview with liam neeson in new york. let's hear what she had to say. anyone hearing those thoughts would feel shocked and appalled and he himself has said he feels ashamed of the way he is to think and says it is ourfault, so of the way he is to think and says it is our fault, so of course that shark settled in really quickly and there was the fact that he showed those stories with a press junket which is a format of interviewed known to be

dbs head ofow, -- the ubs head of investment. >> roughly in line with what was expected. estimates were much lower given that early reporting of holiday sales. was something to keep a close eye on. that came in around 37.5%. a slight uptick -- the margins falling because they seem to be having inventory problems. david: they are taking a charge to cut their upper management. >> that is something a lot of people have been saying that they need to do. they still have 650 stores. a lot of people saying that is far too many. now, theere starting magic number would be much lower in terms of stores. certainly in terms of restructuring at macy's, that is something a lot of analysts have said they need to do. there online component is getting better. their online component is getting better. calledve this strategy -- the vast majority of macy's stores becoming neighborhood stores where you can buy online and pick up in store. we've seen a lot of other retailers trying to do this for the last two years. -- few years. david: we had that remarkably disappointing number in december.

billion, that is bang in for 2019.guidance no slowdown if you think you are james bond and you want your db bit later than the market thought. this is still in the eye of earnings season. revenueamerican tobacco 24.49, a little bit ahead of what the market expected. we have some shifts. ben stevens is to retire from the board. brexit, kim jong-un, and u.s. trade deals with china, the three p's of politics, take it away on the green. nejra: headlines coming fast this morning. joining us now is miles bradshaw, head of global aggregate fixed income. thanks for joining us here. just to look at geopolitical risk, you have heard the latest on the trump-kim summit. in the background, we have still got trump -- u.s.-china trade talks. we have heard from jerome powell again yesterday. just to talk about the does thisal risk, escalation in risk have any implications for your portfolio construction? separateimportant to things going on. the talks in vietnam today are not a big deal for financial markets. we are very far away from where we were in the last summit where there was a lot of hostile words

economist atut our dbs bank, still with us in singapore.e didn't get to ask him, who needs this money more? the r.b.i. or the government? -- if you were to ask the central bank, they have sufficient justification to keep the results. and iare uncertain times think the central bank needs a sufficient buffer to write volatility and uncertainty that might crop up. but if you were to ask the they take a very expansionary role. there was a new support scheme, part of it will take effect at the fiscal year, for which more funds are required. i think there are options. think this interim dividend discussion has been going on for 60 months now. it took a different tone under the previous governor and in recent months it has become a lot more supportive. we have seen the development where the dividend is handed out and i think the government should keep within the new revised deficit that has been drawn up. >> what's the lesser evil, right? a higher budget deficit, or do we get a situation where the r.b.i. might need to tap those reserves? i guess w

also singapore banks, dbs is the highest loan exposure to china.economy decelerating, slowing with a prolonged trade tension with the u.s., loan growth in china, expect it to be under a lot of pressure. the impact may be much worse than 2015, 20 16 even, when the chinese consumer sector was badly hit. add to that another headache, the stress at home in the singapore markets. singapore banks slowing due to the weaker sentiment. all the concerns globally playing a huge role. he also have the measures putting a lid on the property prices. market business is taking a hit. home loans. take a look at the numbers, they account for 30% of the growth portfolio. some about 4% last year. the previous year, that slowdown may persist. if you stick to bloomberg intelligence, they will tell you it is likely to get stuck below 2%. singapore banks feeling the heat. going forward, at least. shery: thank you so much for that. our chief international correspondent for southeast asia, haslinda amin. let's get a preview of what to watch in markets this morning. here's s

they are up even though we have movies looking at it, dbs one and two thirds of 1%.bad as people were thinking on the way up. on daybreak we will be talking life with the chief executive, he will be joining us -- do not miss that. flat, theres are you have it. >> elsewhere in asia, pretty positive. risk is back on in this part of the world. mike pence has exchanged comments about what way. the united states has also been very clear with our security partners on the threat posed by huawei and other chinese telecom companies. they need to provide access to any data that touches their network or equipment. we must protect our critical telecom infrastructure, people this isot and cannot -- a company that is cooperating very closely with european countries in the fourth industrial revolution. andhould all work together chinese law doesn't require companies to install backdoors or collect intelligence. >> they are putting the eu under pressure from both the u.s. and china at a time when european companies are preparing to build out five g networks. with look at the fallout

our senior fx economist at dbs bank. india markets have just opened.s. we were still talking about that rate cut we saw on friday, but we are seeing red arrows today for the nifty, down about .4%. the sensex also heading lower. a little more strength coming through the rupee. to goget right to mumbai, through what's expected from today's session. >> right. over the past few sessions, what has stood out is investors buying into equities, and we have seen dollars worth of equity picked up by portfolio investors. what has also stood out is that the nifty has reverted back to the same range that it has moved within over the past three months after two days of cuts. .5%, more or less the same in the sensex. the nifty banking index is also falling. we are looking at a relatively flat to move for the rupee, despite the fact that we have seen growth coming from portfolio investors, and once again i'm going to track these moments with respect to the rupee. >> let's talk about steel. shares are moving against the about thel us earnings and where we are likely to

meeting the forty fort db eyes that we have out in the force today, we are working on a redesign kill vehicles to increase its liability, sustainability reliability to make it more effective and cyber security where paying significant in tension to to ensure the ballistic missile defense and its architecture remains secure. it's secure today but as we all know, the cyber threat changes daily if not hourly and we are paying a lot of attention to that. the second stream lane is increasing our capability and capacity in things like the directionally approved and directed that 20 additional ground-based interceptors up at fort greeley. to make sure the long range radar that we are building up in alaska, the recent initiation of activity for their homeland defense radar on why the fm three cooperative development with the government of japan, that work is going on. additional interceptors and standard missile three interceptors, those all increase our engaging capacity. and then the bottom group is what we are spending a lot of time on, also. the threat is rapidly changing and is becoming

bit more difficult to invest in, particularly on the equity side, but i would say certainly from the dbltiples hang in, earnings should be sufficient to keep the equity markets still at least relatively well buoyed so that's reasonable, and it's reasonable in the context of think of what's going on globally the u.s. economy still looks like it's going to outperform relative to most of the rest of the world. >> curious though, deutch does a lot of work pointing out downside risk to ism, even further than we have also, and also consumer credit worries are those not top of mind for you? >> i wouldn't worry too much on the conum saoer credit side. in fact, really the household sector is one of the reasons i don't think you're going to have certainly a hard landing scenario developing in part because household sector balance sheets look remarkably good, and there's been remarkable de-leveraging that's occurred after the last slowdowns, so i think that's the encouraging part, and as long as demand hangs in, supply will be there supply doesn't drive demand, but demand drive supply. >> all righ

everything he can to harm the man for whom he served for ten years and all sorts of ways, many of them at dbs. that is the sad part of it, him and his family. and the rest of it was, it is hard to know whether they will be more troubled by the fact that trump would employ such a man for ten years, or whether to be depressed by the fact that the committee decided to make this guy, the first public hearing in the new congress, their star witness. i thought it was pretty grim. >> shannon: an interesting piece and some tweets about how this was a mixed bag for the g.o.p. because they wanted to go after him and the fact that he is going to jail for lying, then you have asked him here to be sworn in and talk about things under oath. byron said, the g.o.p. also could've used him as a positive in some cases. he shot down a number of rumors by saying he couldn't verify that they were true, or thought they weren't true, and he couldn't offer any concrete evidence of collusion. he think it is a mixed bag for them. it is clear the democrats were hoping to use cohen to his advantage. this started out, the

and we will with lots of our correspondents and db update through the morning.l you about others caught up with these problems. as we've been hearing, about a00 students were stranded overnight at callywith college in bodmin. let's talk to students chris and indi. very good morning to you. indi, first of all, tell us what happened overnight, what were the problems? well, to begin with we were stuck in oui’ well, to begin with we were stuck in our cars, we well, to begin with we were stuck in ourcars, we had well, to begin with we were stuck in our cars, we had to walk back up from the a30 and then the college told us that the bosses couldn't leave, so we had to stay for the night. you say you were stuck in the cars, did the snow come down very suddenly? what happened? the snow came down when we were in college, and then they told us to leave within ten minutes of it falling, and then when we got onto the road it was just too seek to drive through. and, chris, tell us about conditions overnight at the college. how money people have been stay in? about 300 people

i think the relocation subsidies, that's something that might db. >> we are going to leave this recorded program, and take you live now to capitol hill, where a house panel is investigating sexual assaults at the u.s. military service academies. we expect to hear from the superintendents from the naval academy, air force academy and west point. live coverage here now on c-span 3. >> i think without any objection, we will start with them in abstemtia and move forward. this meeting will come to forward. my name is jackie spear i'm the chair of the sub subcommittee of military personnel and i welcome all of you here today, those as witnesses and those as members of the audience. i was profoundly disturbed when i read the annual report on sexual harassment and violence at the military service academies. the results show that after a decade plus of concerted efforts to address sexual harassment and assault, the problem has only grown worse. i believe we all appreciate how alarming these numbers are. i cannot stress enough that this survey is among the best measures of the prevalence of unwant