our board of directors and the remarkable team at ecs. along with dish who rolled up their sleeves and worked hard to ensure u.s. veterans had keys in their hand before the start of the new year. this includes our director of housing development and asset management and her team. liz is here in the front row. anna cooper, and i would like to thank scott ecker, and others leading the supportive housing team and i want to invite everyone afterwards, we invite you up stairs to room 302 to look at the accommodations at the auburn. with that, i want to turn it back over. thank you. (applause) >> thank you beth and thank you for acknowledging this is sort of a bitter sweet moment. many of us are mourning the loss of mayor lee but we're grateful and lucky to have the leadership of london breed who is currently our acting mayor and mayor breed has picken up the tradition that mayor lee had of calling me at least once a day -- (laughter) when there's a homeless person on the street and needs help. that gives me great comfort, because like mayor le

ece: a.i. has a long-term problem. this comes to your point we use -- where you say that there are a lot of cases. in the real world, a.i. has to do with a lot of edge cases. if you look at the cases were you have a lot of data, the distribution of the data, for some cases we have a lot of data. in the cases where we need edge, there is not a lot of data. the common techniques we use, the statistical learning techniques are good to learn -- the pattern of distribution and not much detail. so to get it right we really , need to think hard about how to get it right. it could be through the collection of edge cases, creating data sets of those edge cases, sharing them within the industry, but we also need to think about some kind of collection of techniques working together. not only sticking to one techniques but a collection , working together. and other human supervision to get those cases right. because just saying, ok we are , getting 95% accuracy on the data set. it does not necessarily mean that the application wil

el 8 de enero el departamento de seguridad nacional vva a anunciarse mantener vigente este de ec salvadorer si el estatus de protecciÓn temporal serÁ prorrogado o eliminado. >> entonces estamos a horas del anuncio de la decisiÓn final, estamos haciendo unas Últimas llamadas tanto el presidente como yo ccon algunas autoridades del ejecutivo de los estados unidos. salvador: las voces dentro de estados unidos, son cada vez mÁs. alcaldes, funcionarios, instituciones, iglesias y gremiales han hecho pÚblico su apoyo mientras el canciller salvadoreÑo dice que cuentan con importantes aliados a nivel bipartidista para arribar a una soluciÓn permanente para los casi 200,000 beneficiarios del estatus de protecciÓn temporal. >> cualquier horizonte de tiempo que se abra lo vamos a utilizar para tener una legislaciÓn que brinde una soluciÓn permanente a nuestros compatriotas. salvador: un giro importante es que por primera vez el tema se discute poniendo al ser humano al centro de la situaciÓn. especialmente los riesgos que correrÍ los hijos de los beneficiarios del tps nacidos dentro de estados unidos

east direction ending by about 8:00 9:00 there in south jersey a coating to inch ofw i-78 and mixed ec5 metro are also is that temp for the past two weeksve been well below degrees so any moisture that moves on through will stick on the surfaces fairly quickly leading to a light glaze or maybe some icy spots in some location the accuweather forecast showing accuweather alert tomorrow and despite temperatures above freezing we are tracking the wintry mix and mild pacific area tuesday high of 41 ran wednesday sunshine and a few afternoon clouds at 39 cloudy on thursday high of 48 evening drizzle is possible and mild iron on friday and 58 and eagles home at the link with atlanta on the playoff and cooler next sunday high of 37 and tracking the precipitation. >> never happy to see a 33 high my goodness and this year's golden globes celebrated the best movies and tv shows of the year with a decidedly personal twist and wore black for a statement against sexual harassment and abc has the story from la. >> reporter: it was a sea of black as celebrities wore the color in a show of solidarity t

io we do, that then the other k eces start falling into place. >> glor: final question, how do you think president has done in his first year i would say if you take on a blank piece of paper and write out the achievements -- the unemployment, tax reform-- 250 pimpanies have announced bonuses and raises-- and you just put that on a blank piece of paper, you would say that's an extraordinary first year. and you see that reflected in the financial markets. the problem is, you know, the focus is on the other stuff, you know, the tweet in the morning, .he statement in the afternoon. and it's distracted from those achievements. but that's who the president is. he's very unconventional. that's why he won, and he's not going to change. >> reporter: john dickerson, gayle king, norah o'donnell and i will bring you live coverage of the state of the union address, the democratic response as well, beginning at 9:00 eastern, 8:00 central. the president does have five days to decide whether to make public a classified memo on the russia investigation. the republican majority on the house intelligence

we are happy to accept the ec] for that period, there will be questions about what happens about subsequentearlier was that these guidelines are negotiating guidelines they‘re just that, not the and and we are taking a different stance. just in case... what i don‘t want the country to be sucked into something that is not an implication period that an extension. that is the point. the conservative eurosceptic, jacob rees—mogg, followed up on the issue of the ecj, the european court ofjustice. on march 2019, the uk is subject to the european court ofjustice, and takes new rules relating to the single market and is paying into the european budget, are we not? not a vassal state? no we are not, not today, you might think... we have representative on the court ofjustice and i don‘t. we are transitioning from one state to another. and you can call it what you like. representations in parliament. if that were the case, my proper my answer probably yes, but the answer for a short time is no. isn‘t this very serious that the line is hard to think that any president in the world, when independent nat

we recognize the need for more resources in the space of enjoy ece department of homeland security office of terrorism prevention partnerships awarded to grants, 26 grants to commute debased organizations. at least half a dozen of the awardees will have a robust online presence including pushing back against the messages of isis and other terrorist recruiters and radicalizers. for example, one project is developing an application that will put high-quality video editing tools tips on digital marketing and relevant research findings on radicalization and r recruitment in the hands of thousands. this will help make the creation of countermessages a viable practice and add to the peer-to-peer work that i mentioned earlier. while we are limited in what we can do domestically in the counter narrative space, countering narratives is an important partpa of our terrorim prevention strategy. i am excited to see the grant awardees move their ideas from application into action and then monitoring the results. our second broad category of terrorism prevention is information sharing. at dhs we done a

ec a lot of strength and a lot of key economies.ways going to be a challenge and a risk. what is your risk of going at it 2018 and what makes sleep a little that left at night. give me something. >> there is always a macroeconomic and micro political risk. especially seen it in north korea and in situations like that. and like that, we can never influence. we do see that it is very strong growth currently. europe has been a highlight over the last three to four quarters. geopolitical risks or something we need to watch very closely. we have been through many crisis over the last seven to eight years. we look back to europe and the debt crisis. we feel strong and good. ofthat is it for this best bloomberg markets middle east. we had a busy week ahead in the region including a big oil meeting taking place and oman and we will be right here for the start of the trading week in the gulf sunday morning on bloomberg television. you join me then. this is bloomberg. ♪ ♪ by"brilliant ideas, powered hyundai motors. ♪ ♪ ♪ narrator: im heung-so

i went to see dad in the ec -- icu unit in houston. i said my library is opening in three months. i sure want you there. his voice was incredibly weak and he said i'll be there and i left there tearful thinking probably not but surenk enough the most important thing for me it was great to have the friends and former presidents but dad was on the stage. flipping the coin reminded me of the library opening. he has a huge desire to live. it had to have started when he was 19 years old floating in a raft worried about the japanese capturing him and killing him if they did. mom is doing fine. she isca shrinking. [laughter] as she does her voice gets louder. [laughter] that she's a piece of work is what she is. [laughter] b-17 don't tell her i said that. >> why did you criticize tromp after not criticizing obama? >> here is what happens. psi i'm asked the question do i believe in free press? and the answer is absolutely. as should every other american. because the press holds people to account. power is very addictive. and corrosive is central to your life. so there needs to be an indep

anywhere across the area, it could be a mixture of nuisance snowfall around the ec areas west, montgomeryounty, and delays just to the east, down towards st. mary's, calvert county, maybe even some cancellations, it really depends on where you are. that's what i want to stress about tomorrow. i didn't want to bury the lead. briefly above freezing at the bus stop, a little that is at least something to embrace, i guess. 33 degrees for your afternoon hours. just some cloud cover across the area. temperatures overnight dropping down to the teens. temperatures have been very low over the last couple of days. when it starts to snow across southern maryland, when it starts it is going to stick right away on any untreated surfaces. your highest chance for snowfall , right here, this is a look at your thursday. chances start dropping off after 11 a.m. to lunchtime tomorrow. afternoon rush, that's fine, chances possible here in southern areas of anne arundel county. four inches to six inches expected for ocean city, where the some very cold air. temperatures dropping hour-by-hour, 18 is the high t

are able to get behind it and explain to the team just exactly what this means long-term for our, con ecdon't have a lot of time before we have to have this addressed. part of what we have to do is say do we want the perfect to be the enemy of the good? this may not be perfect, but is it better than what we have today? the answer clearly is yes, it is better. it takes care of a lot of the emergency issues that are up in front of us right now, but it also lays the ground work for future immigration reform that is critical to the success and viability of our economy. >> it will allow the dreamers to have a legal presence and stay here. does it get into specifics as far as you know about a pathway to citizenship for the dreamers? >> it is addressed, but once again i will allow the individuals to be able to lay out in a format that they are comfortable with what their plans would propose. i shouldn't be the that is sharing that with the rest of the country. they are the ones who need to share that and they worked long and hard at it. i'm not going to take anything from their thunder. >> it's

exports and infrastructure blow strongly -- less strongly and headwinds from deleveraging startsbloomberg ec-- they did china this quarterly survey of businesses and that is signaling expectations for positive growth in 2018. all in all, you've got not too much to be concerned about here yet. and maybe not all year. maybe a little less growth but still some solid underpinnings. haidi: we saw a lot of time last year talking about the synchronized global growth story. it seems like out of south korea that could be continuing. 60 year high for korean exports. what is driving this? kathleen: this is going to be one of their hallmarks. what happens next year -- we don't know. we are going to jump back into the terminal now. #btv 3224. these are year-over-year exports by month, these are imports. there is strength and there is the trade surplus. in terms of detail, exports surged 15.8%. widened again,us $96 billion. on the month exports, up 9%. 13%.ts up even so come of trade surplus at 5.8%. what is really driving this is semi-conductors. shipment in december shows more than 13%. even so come of

president is doing but to do need to do and to have the political and ec have to have. >> the presidentthe press before leaving on daca he a pathway to sit send ship for immigrants brought here russia investigation the president says he is looking foert mueller. in the news c tecarabao for cbs-3 "eyewitness news". >>> this week trumptariffs essentially taxes on imported solar ping machines. >> while some cheered the move there are questions as to whether or not tariffs aremy. cbs news business analyst jill good morning, jill. u.s. co and consumers because i new washing machine. >> well, some firms in that he cheaper imports from south korea and subsidized their domestic producers with a organizations should be more competitive and they certainly may be able more but devil is always in the details. while the sol manufacturers installers, they want they could suffer. now for consumers i'm or toy imports has made stuff more affordable including machines. that may change now tariffs usually result in t board for consumer. >> could this lea partners around the world. >> i think so getting gl

entire horrific.s is you hear stories about kids coming home and their parents saying, what is with ec? it is a fake report card. , we are goingent to see over time, these numbers have exploded. he could leave office tomorrow, we are going to be dealing with this for a generation. in terms of that kinds of thing. that is what kills me. if he wants to wake up every day cuts ors on tax infrastructure i would disagree but i would not be screaming from the rooftops. it is this constant attacking. every single part of society. it, the term, bend it until it breaks. he doesn't care about breaking it. he is just swamping the system. he has got to be stopped. >> good morning. i am in miami-dade college. i am interested in the direction of the democratic already. it lost a huge base with the whethern, i'm wondering the democratic party will revisit the message they are trying to communicate during the 2016 election? will they try other strategies to get the base they lost. >> that is a great question. i don't know the answer. you have the 2018 midterms. the if you can flip the house, that is go

the mechanisms in practice and in the absence of mechanisms to replace the enforcement role in the ecay to respect the zombie legislation that might be -- but his most imports a bowl. >> it is quite clear from what ministers have said, from what the legislation aside, that is not so clear. first of all, the e.u. be brought into were eventually if it is not appropriate it can be amended. >> being raised into line by line scrutiny two or three issues bubbled to the surface. earlier in the program, one of the key sticking points was how to deal with the border between northern ireland and the irish republic. one northern ireland made a plea for the principles to be preserved in the bill. and a powerful speech she recalled how they had effect that her family and community and put forward an amendment which he said was designed to protect the principles of mutual respect for all. >> i grew up on a 50-acre farm. they took a number of people by the ira -- [inaudible] many of our friendly neighbors went to a shared door -- [inaudible] we certainly have a hard order and will regard u.k. border

thinkinister, do you spain would e make ac good vice b, andent over the ec would you support him?discuss the elections. the candidate has been announced publicly. he is one of the most experienced ministers. he's a very good candidate, though most probably some others would be at some point put on the table and we will have to decide. but i would personally also favor him at this point. matt: can i ask you about your thoughts on diversity in brussels? you are the only woman in the race? do you feel there are enough women in positions of power in brussels? >> i was running for the position, but let comes first is the position. it is more important. guy: what progress can we expect on greece today? >> greece has been doing very well with the obligation of the closing of the third problem. they have exceeded the requirements of repairing the balanced budget. they have the balance of 3.5%. other homework has been also completed, like improved tax collection. they have independent tax authority, the social security system has been improved. but still a lot of homework is on the table.

j ge kg-nam was not the son by official marr st>> narrator: the boy's ece was kept a secret in northea. but he was brought up in luxury, like a prince. >> k jong-nam's childhood wa very, very cloistered. the ceilings in the house were so high they needed to bring in scaffolding to dust the lights. there was always the off chance that kim jong-il would be dining with kim jong-nam, and so somebody literally goes through a sack of rice and pulls out any irregular, any broken piece of rice. you're talking perfect bag of rice sent to kim jong-nam's house. s >> he bit like his father. artistic, i think. and kim jong-il doted on kim jong-nam. otand when his family, hisr, aunt, et cetera was-s planning to send him away for education in foreign country, we knothat kim jong-il cried. w t and he remonstrated, protested agnst their plan. >> narrator: despite the dictator's objections, the women prevailed. kim jong-nam was sent off ton schoolscow, and then geneva. >> my earliest memories of kim, we were, i think, around 15. one day we entered in class and we saw that guy who looked like an adult

, the most overbought oil stock in the world today everybody who is listening, look at ec. it, take some profit. the other one that we would use as a source of fun, not necessarily on a short, would be exxon. it's expensive it's also very sensitive to refining, and chemicals, it does not give you the kind of leverage to oil that we're looking for. >> seems like the general sense of this oil rally is, yes, up 20% whatever in 12 months, but it's not yet in a range that seems to threaten anything like demand or slow down in consumer spending or restraint in economic activity. will we will in the sweet spot for a while? when do we get concerns about things like that >> yeah. you know, our view is current oil prices are sustainable, you know, for the next six to 12 months now, long term, we probably fear lower, you know, closer to $60 not so much from the demand standpoint, but, you know, the fact of the matter is the u.s. industry and some other non-opec countries like russia comes to mind are going to be able to bring some supply back online. remember, the opec cut get unwound

reporting live in may fair, annie mccoram ec, channel 6 "action news." >> a mystery substance it is. >> get my mind wondering. >> plenty of time to do the right thing on sunday night. as we talk about going outside sunday night after the game. people here go outside every day of the week in winter time despite the fact it was in the 20s today and this is the warmest day of the week. >> this is how they live. they have to get used to the cold weather and they have things to do and they embrace it. today i got a chance to go out and about. and i was in an ice palace in st. paul. welcome to the st. paul winter carnival, a magical place where uniquely carved ice is its forte. >> this is heavy duty equipment am i right? >> yes. >> formed in the late 1800s the oldest winter festival in the united states. >> 132 years ago this was a frozen tundra and the canadians mocked the locals for settling here and the winter carnival was born saying that beautiful scenery could come from ice. >> we have to get out and play in it, it's fun. >> they make clothes to keep you warm why not get out and enjo

>>ec austan, you're an economis, we measure economic growth by growth rates. where's obama?tom of the barrel in american history. why do you keep defending this guy? >>no not -- admit his policies were awful. >> sean: we got to roll. good to see you. when we come back, former o speaker of the house newt gingrich weighss in on just how corrupt your media is and of course, well, where is this all going with a special counsel? that's next. ♪ you won't see these folks at the post office. they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. mo >> sean: more on our top story, the left-wing mainstream media cannot believe that president trump received a clean bill of health, something that will be good from his physician and they are looking for anyes excuse to discredit the results beyond pathetic.

b governinghe ec council member says the bank must end qe as long as possible.he program has done what was anticipated and there's not a single reason for continuing with it. draghi saidrio there were rises in inflation. write off this federal reserve meeting as a nonevent. they expect a slightly hawkish upgrade of the language. this will be janet yellen's last meeting as fed chair. been erased,s have since alwaleed bin talal was released of the weekend. the billionaire, who also owns in citigroup and twitter, returned home on saturday after reaching an agreement with authorities. celand's to pry minister says her country's decision to force companies to pay men and women the same is the first step in gender equality. she made the comments during an exclusive interview with bloomberg. revolutionize and iceland. it has been an eye-opener for us to. it affects every sector in society. women are describing their experiences and it shows how ridiculous this inequality is. metoo is not just about sexual harassment. it shows of the inequality in power in society. juli

upped in ferguson, missouri there was no such violence in camden and under the leadership of thompson ec police officers in camden at churches and police affairs and school crossings, but a each one of those places they stand with the people that they are sworn to protect and serve. for chief thompson and the men and women of the camden county police force metric division, god bless you for the lives you have saved over the last five years. [applause]. [applause]. next we deem needed to change the failing camden public schools because they were the worst performing public schools in new jersey with four of the five lowest performing schools in new jersey and unlike the newark schools from decades earlier we were with the school district and effectuated a agreed-upon partnership working with the community picking a dynamic new superintendent. we began a school by school evaluation with the goal of improving education in every classroom and closed schools that did not work. we open three new charter schools, three new renaissance schools and significantly cut back a wasteful central office

across the bay at the macarthur maze ec traffic slowing down. the drive time between the company's bridge in the macarthur maze has gone up to 25 minutes. add 20 minutes to that if you were waiting to get onto the bridge. this is all within the realm of normal traffic. this is 880, oakland northbound, an opportunity to drive into downtown without major delays. the altamont pass, 580, it has been a mess. westbound 205 and 580, earlier crashes and roadwork. there you go. a lot of slow traffic. the rest of the commute and east bay is beginning to get slow, especially 880 as you, to a crash north of decoto. this whole stretch, give yourself an extra 15-20 minutes to drive this or use alternate routes. get on the freeway after decoto if you can. >>> we do have a break in the cloud cover. a breeze for some and temperatures have cooled a little bit because we have lost the cloud cover. maria said, had to admit, when i received reporting on weather across the country, i stop complaining about it being cold here. in minneapolis, 2. chicago, 16. this has

but the search is now on for the ec >> the cold has taken hold.re we going to see any relief any time soon? sco forecast is coming up. ♪ before we start,t want to say if anyone still doesn't have fios please stay out of the way so your lag doesn't get us all killed, ben. what's so good about fios anyway? uh. what's so great about a 100% fiber-optic network that makes your gaming system actually work awesomely? hey. did you take out the trash? haha, garbage boy! dad, i already took out ben. it's not funny. gaming is best on a 100% fir-optic network. soios. now, just $79.9r monthwith a 2-year pric with a 2-year agre fox 29 weather authority tracking brutally cold temperatures as we take live look right now at doylestown, bucks county.e ng a s hope so. scott's forecast coming up momentarily. >>> well a gesture of goodwill in all this bitter cold. a group of men are phil helping snow for senio citizens and disabilits.e men are all part of the able body christianincorpor group or. they started shoveling snow at 7:00 o'clock this morning in southwest ph

wewe allnow w alof thehe men, ec garner, o o was rderered we need to know e e nameof t the blackin the lesbians, lesbians, rtrticully, , whare rderededn this country. there isotothingn ouour media. it is hoifific tthinink about a womabeing kied jusfor ing who ey are amy: satday's march cos amid the natiwide #meo and me's up! moments,n which won across iustrieand clasand racial les have ined the ices to announcpervase genderased violence and to demand an and to sexual harassment and abuse. in los angeles, tens of thousands of women gathered to prorotest, including viola davis. >> listen. i am alwlways introduced as an awaward-winning actor. but my testimony is one of poverty. my testimomony is one of being sexually assaulted, and vevery much seeing a childhdhood that s robbed from me. and i know that evevery single y whwhen i think of that, i know that the trauma of those events are still with me today. to that is what drives me the voting booth. that is what allows me to listen to the women who are stitill in silence. amy: that's academy award-winning actress viola davis. at a women's

,ec.mnuchin: first let me say we are very focused on cyber crypto currency, cyber currency, we are very focused on this. at the last f sock meeting that i chaired, we set up a working group. we are working with all the leggy leaders -- with all the regulators. i have two issues we are focused on. one is we want to make sure that bad people cannot use these currencies to do bad things. in the united states -- people may not realize this -- under our laws, if you have a wallet to own bitcoins, that company has the same obligation as a bank to know the customer. in the united states, we have rules for money laundering, for all different types of things. we can track those activities. the rest of the world does not have that. one of the things we will be working very closely with the g20 on is making sure that this does not become the swiss numbered bank accounts. the other concern i have is there is a lot of speculation in this. i want to make sure that consumers who are trading this understa

i think she's going to say that she will have an enforcement agency to do what the commissioner and ecnce to vote on that. i put an amendment and it was not voted on. we started talking about the ideology of the environment and who had a right to it? would you agree that the biggest friend to the environment is the daily mail. they did all the work against microbeads, the plastic bag tax, sea pollution. this is tomorrow's headline. mail end the plastic scourge. they have done more to help the cause arguably than the greens have. you are going too far. i take your point that they do some are good consumer campaigns. but you have to go to the middle ground. you have to do both. you have to get people aboard with understandable specific campaigns but you have to address the structural difficulties as well. for as long as the daily mail and the conservatives are promoting more and more of the same kind of economic growth, we will not have the systemic change we need. we have to change the way we do business. if the conservatives had to choose between economic growth and environ mental conc

investment up, savings down, pushing up on the ec librium rate of interest. the third element i'd highlight is the stance of policy as a whole if i could use the term, for these purposes, the g4, so members of the g7, practicing quantitative easing, if you look at the flow of net fiscal issuance, minus what the bond is being taken out. of the doj or bank of england or fed, we shifted from collectively, 2013 to 2017, basically no net flow or even bonds being taken out on that to this year on the order of magnitude of about a trillion dollars of net issuance based on announce plans potentially going up to a trillion 5 or higher next year and one would expect that to push up on rates. so in the context of normalization, you have a real economy providing some support for it. you have technical factors which play into it. you have a very tough judgment to be made around where is the equilibrium rate of interest, which has been very very low and arguably should be raising a bit. you should make a judgment about election and certainly not decision about degree. that

ec technical, bio and drug stocks moving up at the top.e bottom we see total and royal dutch shell. bp at the bottom. hsbc, allianz, a lot of the big banks are moving down as well. you see banks on both sides of the ledger as investors get their bets ready for the european banks earning season kicking off. the u.s. house of representatives has passed a spending bill to avoid a government shutdown. senate democrats say they have the votes to block the measure in a bid to force republicans and the president to include protection for young immigrants in the bill. some sort of daca production. the senate has adjourned until later today. that would then affect assets next week. joining us now is charlie diebel. charlie, i am glad we could get some time from you. in light of this government shutdown and in light of the possible coalition talks failure out of germany this weekend, what do you expect to happen on monday? those are riskf off type of its come anything working efforts that endangers the coalition agreement in germany probably will ha

and the psim ec s/mns are progressing. >> is there a reason that the first two are slipping every month? >> we're still in negotiations with the m.o.u. >> next month or do we really think that -- >> we're very close, moments away, i would say, so, moments, days, we're very close. >> thank you. >> thank you. >> i think that we would have to move to the general meeting, so by january 1st we'll have an agreement with them? yeah. we're hoping to wrap things up this week, actually. >> thank you, i'll hand it back to ron now. >> okay, that takes us to our one and only real risk slide that we have been carrying and it's all about schedule. and, again, i can't overemphasize the need to progress to the electrical, normal and low voltage work. we are seeing progress. we have permanent power. we're progressing through, bringing the redundant power which, again, is an elective feature. p.u.c. is wrestling a bit on bringing some wires to their volt so they can actually read their meters and bill us, but all in all, i think that bringing power to the facility is there. and i know that web corps has b

we will also bring you a ec, thee from capit company coming out and making it clear that the allegationsnded this morning. saying that viceroy's allegations are unfounded. viceroy knows nothing about the company. we will bring you more on this story as we make our way through the morning. we will also bring you the stocks on the move in europe. swatch, sap, phillips are three companies to focus on. this morningsofter but the market is down as well. this is bloomberg. ♪ ♪ welcome back to the european open. we are 13 minutes into the trading day, looking at pictures of our new headquarters in london. let's get our top stock stories with nejra cehic. nejra: one of the biggest gainers on the stoxx 600 right now is swatch with its first gain in annual profit in four years. operating profit rising 25%. it also said its lower end of brands have been sweeping up market share. up 3.3% and on the downside, sap. a couple of things to keep an eye on, it has agreed to buy callidus, the biggest acquisition in three years. it says it will bolster its cloud software portfolio and of the cloud-based busi

and not only from an act dem can ec point of view -- academic point of view, but also from a control point of view. like if you -- one of the things that i argued in that book and also elsewhere was in california one of the few things that we actually got right was that under pete wilson we actually adopted a set of academic standards that actually were very good. in fact, they were so good that they were rated by organizations in washington as one with of best in the country along with standards like in massachusetts. and so what happened when common core -- which was a national set of education standards that had also, that came along with a lot of baggage that included an aligned set of curriculum and an aligned set of national tests, okay? so you had this huge triangle, right? standards, curriculum and testing that came with common core. and when california decided to adopt common core and replace its previously really good state standards adopted under golf wilson -- governor wilson, what they got was an inferior group of standards which then led to an inferior curriculum and th

saying anything positive in support of the protest is going to cause the iranian government to say ec are going to say that regardless and it is important for us to make sure the iranian people know the rest of the world is behind them 100%. the iranian people need to know the rest of the world supports protesting as a right, written into the iranian constitution and that any crackdown by the government on people protesting for better economic situations, that is a human rights violation. we are already seeing more than two dozen deaths and this is something that should not happen. i wondered if i could ask you, giving you sit on the house intelligence committee, about this new book from michael wolff, fire and fury inside the trump white house. many reports today about some of the quotes especially from steve bannon, former special adviser to the president. and referring to the meeting between donald trumpjunior and jared kushner in trump tower in 2016 with the russians. even if you thought this was not treasonous or unpatriotic or bad he says, and i happen to think it's all about, y

playing on that notion that the ec you is built on a swamp.omething voters believed he could the fill that or not. they were prepared to take a chance on it. >> sunday night on q&a. washington journal continues.

[laughter] paul: you have got to think he hopes he can otherwise he will be the first ec president neverve done so. it is getting tight. he is want to run bond purchases until at least september. he is not going to raise rates until well past that period. most economists and investors are looking sometime in early to mid-2019 for the rate hike, but that may only be the deposit rate. refinancing rates could wait until the next ecb president, potentially. guy: interesting times. thank you very much indeed. it will be a fascinating event. paul gordon, central banks editor joining us there. the team will be on it later on. there is a tliv on your bloomberg which you can follow. we will be taking the decision out of frankfurt and the press conference out of frankfurt on bloomberg. coming up on this program, we are going to speak to the man in charge of steering the u.k. economy as we head towards the e.u. exit door. philip hammond is next. this is bloomberg. ♪ guy: approaching8:09 in london, 9:09 in davos, switzerland. we saw the cable rates, the pound versus the u.s. dollar popping through,

ec money coming out of small coming out see money of small caps.t could have been rotation to the mid-cap that we do not know for sure. certainly, small caps are seeing some outflows across the board. iwm,d, not smart data, -- not smart beta. you are seeing that the tepidness is real. people are pulling out of that, people are thinking that momentum might die. you can see a lot of the developing trends eric: in the outflows and inflows. eric:their minds go calendar year so the first couple of weeks says a lot. scarlet: thank you so much. be sure to catch us every wednesday for bloomberg etf iq. this is bloomberg. scarlet: from bloomberg world headquarters in midtown manhattan, this is bloomberg market. commodity markets are closing in new york and we talk about how 2018 has been such a bulldozer of the year for equities. but also for commodities, as well. let us get you started with oil. crude extending its gains, trading above $63 a barrel. stockpiles declined for the eighth straight week. when you look at brent, it continues to creep toward $70 a

. >>> ec, thanks, robert, my old producer for those stats i'm concerned about really high expect ache. the numbers are way up there, so people are expecting big things to happen. just on earns. fewer cuts in the earnings how about the guidance a big issue here a lot of people were expecting more to raise guidance they race it and two thirds lower. how about the other things out there? how about buy backs? thanks to the tax cuts, people and investorer are expect been more buyback here's one thing that works me, tyler. jack is here, with -- and barry bannister, you know last year by contrast funds had the world "value" in it did less well. >> i think it's a great point, tyler, the shirt -- keep in mind large-cap stocks are attract ink as to investors who don't see much earnings growth no matter what happens in order for investors to become value names and industrials, ar materials, and rover all three of those financials, materials, energy, all are expecting double-digit growth. i think it was a three-year note yields are now at the high -- in auction, highest level since 2007 >> we're