here is emma chandra. emma: thank you.an agreement on production cuts has time for other stories making headlines. hereshifted to iran and russia,o was not a member of the cartel. so far, they have not been able details.ut the opec ministers are scheduled to meet next week. the british economy showed no third quarter after next from the brexit vote. consumers and businesses increased spending. gdp rose 5/10 of 1%. forthe forecast for growth next year has been slashed. the following pound is expected to squeeze consumers by pushing up the cost of imports. and amazon is looking to get a foothold in the middle east. itzon is in talks to acquire a dubai-based retailer, souq.com. neither company is commenting. that is your bloomberg business flash. i am emma chandra. nejra: thanks. industrythe biggest trade selloff may be the biggest in the year. that is on your battle of the charts. this is bloomberg. ♪ york, this is new bloomberg. i am jonathan ferro. time for battle of the charge. nejra cehic taking on lisa abramowicz. nejra

let's get an update on the business world with emma chandra. emma: president-elect donald ofmp claims that millions people voted illegally in the election but is not offering evidence to the claim. he said he would have won the popular vote if millions of illegal votes had been excluded. he also said the media was not voter fraud inus california, virginia, and new hampshire. bead trump inn the popular vote by more than 2 million votes. francois fillon has wrapped up a surprise victory in the french presidential primaries. he beat alain juppe. vote. 67% of the he is promising economic reforms and a smaller government here it --and a smaller government. a group of british lawmakers is demanding an agreement with the -- europeans living in the u.k. would be included. , -- message to donald tusk the brexit negotiators for the e.u. have said talks cannot start on any aspect of brexit until the u.k. begins the formal exiting process. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am emma ch

outside of the business world, we go with emma chandra. emma: president-elect donald trump has found out his -- spelled out his policies. he will take aim at a controversial trade agreement. donald trump: i'm going to issue or notification of intent to withdraw from the transpacific partnership, a potential disaster for our country. we will negotiate fair, bilateral trade deals that bring jobs and industry back onto american shores. emma: mr. trump wants to limit regulation. he says for every new regulation, to old ones must be scrapped. in chattanooga, tennessee, police arrested the driver of a non-or school bus that crashed, killing six people. two dozen others were injured. the driver is accused of vehicular homicide in reckless driving. japan has withstood a potentially deadly earthquake with relatively little impact. the quake measured 7.4 and struck off the coast of fukushima. that's the home of the nuclear power plant rippled by quake and tsunami in 2011. the latest quake briefly knocked out the cooling system at a separate fukushima

here's emma chandra. emma: theresa may says she will work to reinforce the relationship with the u.s., no matter who the next president is. she told sky news she will call whoever wins today's election as soon as possible. on sunday, she had said she wished the president race to be more calm and measured. germany has arrested five minnick used of recruiting -- five men accused of recruiting for the islamic state in germany and raising my to send them to syria to join up with islamic militants. meanwhile, german chancellor on the merkel's government wants to cut carbon dioxide pollution by more than half over the next 15 years. that's according to the draft of the plan obtained by bloomberg. the reduction would be the most ambitious in the eu. her government has well over months or how to divide pollution cuts among the biggest sectors of the economy. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra, this is bloomberg. alix: thank y

i take on in the chandra -- emma chandra next.bloomberg. >> ♪ vonnie: it is time for our global battle of the charts where we look at some of the most telling chart of the day and what they mean for investors. you can access these charts on the bloomberg by running the function at the bottom of your screen. we have a special black friday treat. emma chandra is doing battle of the charts for the first time. >> i am looking ahead to the opec meeting next week, specifically at russia. russia is under pressure to join with opec and agreed to cut because opec knows it needs significant cooperation with non-members to have significant impact on prices. you can find this chart on the bloomberg. i have plotted russian oil production. that is the white line. i have plotted crude prices on the blue line. thisclark lewisham -- chart clearly shows russia has been increasing production in the last few months. even if they agree to cooperate with opec and cut or freeze next week, the impact of that deal is probably going to be muted. vonnie: ma

we have emma chandra with your bloomberg business flash. t estimates. raised its profit forecast for the year. home depot saying sales were better than expected, 5.5%. apple is considering a move into smart glasses, according to people familiar with the matter. google already tried and failed with a digital where -- wear. if apple goes ahead, they can wirelessly to iphones. shares of attire luxury o fell theferragam most in five months. wills led to concern it have to offer discounts to clear inventory in the run-up to christmas. that is your business flash. i am emma chandra. jonathan: coming up -- the world's most traded currency, is it a fear gauge? from new york city, this is bloomberg. ♪ jonathan: this is "bloomberg daybreak." thatd u.s. retail sales were more positive. speak.of fed we will hear a lot from the federal reserve. is set to speak later. stanley fischer at 1:30 p.m. and robert kaplan will be speaking with an gapless. a load of fed speak. i know your expired. david: i'm very excited. i do the popcorn ready for us. time for ba

let's get an update on what is making headlines outside of the business world with emma chandra. emma: the president-elect needs with president obama today. donald trump goes to the white house to discuss the transition with the president. they said a number of harsh things about each other during the campaign that president obama says americans should hope for his success in uniting the country. trump will also meet with paul ryan. his election has led to protests all across the u.s. "notcarried signs saying my president." some say they were afraid he would carry out his threat to deport immigrants. donald trump's victory could give theresa may more leverage in brexit talks. she can argue that britain's military strength and capability maybe needed more by the european union. global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. alix: a global rally underway again today. you also have u.s. dow futures opening at a record if they did today at this level. here are some of the earnings we are seeing

here is emma chandra. emma: president-elect donald trump is planning to name south carolina governor nikki haley to be the u.s. ambassador to the united nations. the announcement will probably be made today. she is one of the republican party's rising stars. opec has differed the issue of whether iraq and iran will make oil cuts. that will leave the crucial measure to ministers who will meet next week. they are trying to agree to a cutback in order to stabilize prices. has focusedtates its attention on another set of trade negotiations. next week talks are planned in indonesia for a regional trade agreement that includes china but excludes the u.s.. it would further boost china's role as a geopolitical leader if it goes through. global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. jonathan: captain you down to the market open, future stable in the united states, equities at an all-time high. abigail: in the premarket we ha

now let's get an update on what is going on outside the business world with emma chandra. emma: in san antonio, texas, a police officer was shot to death in his car outside police headquarters. ticketwriting a traffic when another driver pulled up from behind, got out, and shot him. police are searching for a suspect. president obama says he intends to give donald trump space to set his own agenda. he says he reserves the right to reinsert himself into the public debate if he thinks core american values are at stake. the president spoke in lima, peru, to asian-pacific leaders -- to asian-pacific leaders. theresa may said in a speech today that she would not force appoint workers from union representatives to corporate boards. global news 24 hours a day, powered by more than 2600 journalists and analysts in more i am emmaountries, chandra. this is bloomberg. alix: u.s. equity futures are calling -- are clawing their way higher this morning. headwaters being bought by an aussie firm. it is basically siding for the u.s. housing residential market. this is a bet on infrastructu

let's get an update outside the business world with emma chandra. emma: authorities in colombia now say at least six out of the 81 people on board survived the crash of a chartered plane that was carrying a brazilian soccer team. the 146 jet was on the way to new dublin and caring the brazilian's first division team. it was a few minutes and landing when it reported electrical problems. columbia investigators are looking into an account from one of the survivors that the plane nine out of fuel. president-elect donald trump has picked one of the original tea party focused members of congress to be secretary of pass and human services. republican tom price from georgia is an orthopedic surgeon and has been a not contacted legislation to repeal and replace the obamacare. authorities say it is too early to tell whether an attack at ohio state university was an act of terrorism. a student drove a speeding car into a campus crowd and then got out and slashed people at the night, 11 were wounded during a police officer shot and killed the suspect. cannot th

emma chandra has first word news.licans are talking with the donald trump transition team about the biggest overhaul in taxes in three decades. provisions incrap the tax code that they say put american companies at a disadvantage overseas. president obama is in greece, the birthplace of democracy, and today he spoke about the transition between his administration and donald trump. >> the next american president and i could not be more different. [applause] we have very different points of view, but american democracy is bigger than any one person. said that is why his administration would do everything they can to smooth the transition process for the next president. in france, emmanuel macron has announced he is running for president in next years election, ending months of speculation. he is a pro-eu liberal and has offered an alternative to the political establishment and the populace. he is the second most popular politician in france. global news 24 hours a day powered by more than 2600 journalists and analysts i

dash at emma chandra. -- emma chandra. ernible] could stillt-elect be to auto burg's choice for secretary of state. he summoned 2012 republican presidential nominee mitt romney back to new york another meeting. prompted backlash from close aides and analyze. also in the running, david petraeus, who met with trump yesterday and tennessee senator. and goldman sachs gary cohen is added to the list of people making appearance at trump tower. he is meeting with the president-elect today and vice president-elect. no word on whether he is in mind for a job within the administration or offering advice. the man u attacked fellow students at ohio state with a car and nice has complained about poor trimming of muslims. law enforcement told nbc and cnn that he said in a facebook post he was sick and tired of seeing tortured.lled and 11 people were injured in the attack. the campus police officer stopped and killed him. all of the above and victims are hospitalized. day,l news 24 hours a powered by more than 2600 journalists and analyst

emma chandra has more. emma: abc news reports one suspect is dead after an including a shooter at ohio state university. wtvn in columbus reports nine people were hospitalized. two are in stable condition. no details on the other seven. shelter in place warnings have been lifted and investigators say the senior secured. classes have been canceled. the death of fidel castro have raised questions what the president elect will do about u.s. policies toward cuba. on twitter, trump says if cuba is not willing to make a better trade deal for its people, cubans, and americans, and the u.s. as a whole, he will terminate the deal. wisconsin election officials are expected to meet to discuss a possible timeline for a recount of the presidential vote. recounts are also possible in pennsylvania and michigan. this follows revelations that hillary clinton leads the national popular vote by it close to 2 million ballots. donald trump won the electoral college votes. -- ministers tried to remove zuma if the president does n

emma chandra is here. on trackald trump is to become the first republican presidential nominee in generations to lose among white voters with a college degree. that may be enough to deliver the election to hillary clinton. bloomberg politics found clinton has an average 12% lead among white college grads. sinceicans have one that 1956. egypt is letting its currency trade freely, announcing a series of sweeping measures to stabilize the economy. the measures move egypt closer to getting a 12 billion dollars loan from the international monetary fund. in chicago they are partying like it is 1908. the chicago cubs have won their first world series in 108 years, beating the cleveland indians in a decisive game that went 10 innings. the cubs become the first team in decades to win the series after trailing three games to one. global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. jonathan: futures largely and changed. can we snap

em -- amash chandra. emma's a trump demonstration turned into a riot with damaged cars and smashed windows on the second night of protestations. in other protests cities, including new york and chicago. trump tweeted that the protesters have "great passion for our country." advances in the assault on the city of the islamic state stronghold. they say that there close to surrounding an area north of the city and kurdish forces are assisted by us-led airstrikes. soccer fans can rest easy. they have not decided whether to ban [indiscernible] from the 2022 world cup. ahead of the organizing committee said they do not want beer to be said that the game but it is up for negotiation. areair, wine and liquor served in hotels and burners with the permit -- foreigners with the permit. this is bloomberg. you. thank u.s. equity futures soft the jcpenney hammered on the downside in premarket, off 99% almost. comcast down to 1.2% and previously saw 3% to 4%. appliances it should help margins and the company grow, direhe tra

emma chandra has more from our newsroom.onald four four peopleing for secretary of state. mitt romney and rudy giuliani are on the short list. list. a separate transition official says trump is also considering the former cia director general petraeus at bob corker for the job. house speaker paul ryan has made his priorities for the new congress clear. he and the republican majority will seek to repeal and replace the affordable care act. >> we need to get obamacare relief to families as fast as possible. this law is hurting families in america. this law is canceling insurance plans that people wanted. this law is giving people repeated double-digit premium increases. this law is raising the deductible so high it doesn't even feel like you have insurance. we have to bring obamacare as fast as we possibly 2017, and that is our plan. emma: the federal government says aca 2017, and that is our plan. assignments -- the saudi prince issued a public call for women to be allowed to drive in the conservative kingdom. on prince made

here is emma chandra. emma: broadcom has agreed to buy brocade.ce is $5.9 billion acluding debt, representing 47% premium on brocades closing price. broadcom makes integrated circuits. botox will start paying a dividend and has boosted its share buyback. they will begin a quarterly dividend of $.70 a share. $10 billionadding to a buyback program announced in may. they posted third-quarter earnings that missed estimates. in london a former blackrock invest -- executive pleaded guilty to insider trading. blackrock says his trades were carried out for his own personal gain, and he will be sentenced december 21. that is your bloomberg business flash. among the topk performers in the nasdaq 100 for this year but has the bar been set to high? we have a preview in off the charts. this is bloomberg. ♪ alix: this is "bloomberg daybreak." facebook out that the earnings. here are three charts you cannot miss. the first is examining the behemoth that is facebook. it wants to be a video company and have video mobile ads, and this is the layout now the orange b

let's get across to emma chandra. >> -- has filed for bankruptcy for a second time. has agreed to buy american apparel. it is not buying any stores. japan's economy grew faster than expected. gdp rose at an annual rate of 2.2%. japanese business spending was unchanged. donald trump selection may be a boost to the london housing market. trump's surprise victory could lead to international people seeking a safe haven. this is bloomberg. up, what- coming effect will the election of donald trump have? that is next on off the charge. tune in later, live coverage of president obama's news conference. ♪ >> bank of america says yes you should. here are three charts that tell you why. the first is positioning. it shows we have seen a reduction over the last few months of the net overweight positions. foreign buyers of u.s. corporate bonds have to meet yield targets and will have to come in and buy. at the end of the day, there is a lot of cash on the sidelines. they take their positions down. 10% are below normal when it comes to cash. 30% are above normal, meaning there is s

i'm emma chandra. this is bloomberg.omic agenda and what it could cost taxpayers. rick rieder says there is a way spendingr trump's without it showing up on the government's balance sheet. they'll join energy minister says a deal could be reached on production cuts when opec meets at the end of this month. details ahead. this is bloomberg. ♪ david: this is bloomberg. as part of trump's infrastructure plan, the president-elect has encouraged private investors to help act public projects. rick rieder has talked about ways of moving trump's agenda forward without putting the burden on the u.s. taxpayer loan. he says the time for these so-called private partnerships that public private partnerships is right now. explain what the deal is here. rick: there is the knee-jerk reaction, if we are going to spend, more debt goes on -- that is not necessarily the case. you have seen it in many parts of the world today that we are at a historically perfect time --create public-part of it public-private partnerships. you've brought rea

i'm emma chandra. this is bloomberg. alix: the move in the markets today really belongs to brent. up for dollars as opec potentially inches closer to a deal. goldman saw a six dollar move today. -- four dollars as opec potentially inches closer to a deal. day oil has had since february. the highest price since the end of october. in a totally different realm, we did want to focus on world bank of scotland. it did fail the bank of england's stress test. they will need to divest more assets and cut costs, even deeper. carter also had some capital and inadequacies. but they did not feel like rbs that's fail like rbs. -- but they did not fail like rbs. ross havechin and said yes, they have been chosen. plans up, donald trump's for fiscal stimulus and expectations for a december rate hike avenue fueled the u.s. dollars biggest monthly rally since may. are there threats to the greenback on the horizon? the latest on trump's cabinet as steve mnucin is said to be chosen for u.s. treasury secretary. ♪ david: breaking news now. the president-elect's cabinet is coming together. steve mnuchin

i am emma chandra. this is bloomberg. alix: u.s.higher today, the s&p 500 up 2/10 of 1%. better data out of china in terms of pmi and nonmanufacturing, helping support equities in the u.s. and commodity prices. that is filtering through to some of the commodity names. u.s. steel up 3%. copper futures up seven days in a row. iron ore futures are slamming higher and zinc prices are at a five-year high in shanghai. the other commodity i wanted to drill down into his gasoline. if we have the gasoline chart i can show you what has been happening. it is up by about 11%. and i was just talking about this. there was a pipeline explosion at colonial pipeline and that has disrupted supply from houston to new york when it comes to refined products. now if we can go into the bloomberg, i can show you in more detail what is going on. there are four lines within the colonial pipeline. one and two go from houston to north carolina. what is transported is gasoline and distillates. those are the two lines that are disrupted. all the way togo new yor

for outside the world, we go to emma chandra. >> the transition team of president-elect donald trump reports of infighting. in a conference call, his aides made more than a dozen people either candidates for jobs or meeting with trump to offer advice. he named mike pence as the new head of the transition team to replace chris christie. federal intelligence agency director michael flynn is the leading contender to be trumps national security advisor. he is a retired army lieutenant general and was top advisor to the campaign. a new report says immigration is good for the u.k. but the country should preserve free movement even if it means the european single market. the report comes from backs of free-market legacies of former prime minister margaret thatcher. as long as they have been offered a job. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. david: thank you. coming up, the rally that could lead to nowhere. the industrials and financials saw a boost after the election but is the rally over? and continental resources ceo