let's check on the first word news in new york with emma chandra. ma: president trump is expected to impose a temporary ban on all refugee admissions to the united states. he is preparing to act on his campaign site for extreme vetting of applications from refugees from countries played by terrorism. yesterday, he signed orders that xt in motion a border wall of ago and strengthen immigration enforcement within the u.s.. speaks todonald trump republicans at the annual policy retreat in pennsylvania today. he is expected to inform congress of plans for bilateral trade negotiations with most countries in the transpacific partnership pact worried earlier, he pulled the u.s. out of the top mission agreement. -- pact. earlier, he plan to pull the u.s. out of the top trade agreement. [indiscernible] in due course yesterday. it takes time. sheshe has been in government. it takes time to do. you will not waste time. the comments to lawmakers in parliament. theresa may arrives in the u.s. today. the final death toll from italy's devastating avalanche stands a

let's say good morning to emma chandra. emma: good morning. the u.s. senate begins confirmation hearings today for president-elect donald trump's nominees. he predict that all will be confirmed. among those to be confirmed, rex tillerson for secretary of state. he will face questions about his ties to russia and his extensive investments. u.s. prosecutors are preparing to file criminal charges against currency traders at the heart of the market rigging investigation. members of the so-called cartel chat group used instant messages to coordinate the rigging of financial currency benchmarks. five banks pleaded guilty. the soccer world cup is getting bigger, fifa agreeing to increase the field for the world cup from 32 to 48. that will begin in 2026. fifa estimates that with 80 matches it can bring in another $1 billion. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. alix? alix: thank you. here are equity futures, flat, but well off the lows of the session. premar

i can emma chandra. this is bloomberg. at ahan: we are looking record high from yesterday, and now the uk's retail has cost it in it movement. retail,arting with u.k. we see the company cut its annual profit forecast for this year as well as the next fiscal year. competitorsa lot of were discounting early in the holiday season. now, they are not discounting until after christmas. that sale did not do as well as typical. ego said that this year's christmas was moderately disappointing. -- the ceo said that this year's christmas was moderately disappointing. tesla delivering more cars. the production was 25,000. it is going to be about 76 thousand. this has been must -- this has been elon mus'' s playbook of overpromising and under delivering. berkeley promising that there is a high probability the company will announce a delay of its model three. microelectronics, the french semiconductor maker has fallen after morgan stanley downgraded the stock to underweight. they say yes there has been sales strength, but it is not excl

emma chandra is in the newsroom. emma: president-elect donald wikileaksuoting founder and fugitive julian assange in questioning russia's role in hacking democrats emails. in a tweet, trump says julian assange said a 14-year-old could have packed a desta. he also said russians did not give him the info. meanwhile, french presidential candidate marine le pen says a protectionist economic policy would be good for employment in france. la pen pointed to trump's success in pushing to get jobs in the u.s.. turkey says it is identified the gunman who shot of an istanbul club on new year's eve, leaving 39 people dead, but not releasing his name. state owned media has shown video of the prime suspect in the killing. he is seen walking around istanbul. police have reportedly detained 20 people they describe as islamic state militants. the former british ambassador to the european union has a warning for prime minister theresa may, saying may needs to be told what he calls the uncomfortable truth about brexit. urging her to cha

let's go to first word news with emma chandra.leader kim jong-un says that the missiles -- the missile is in the final stage of development. a new poll shows that more than half of americans view president obama favorably as he leaves the office. merrick is said they view him aboutbly and that only 37% viewed him unfavorably. the family is trying to rain -- afterin spending shortfall due to oil prices. millionsars who stole of dollars of jewelry from kim kardashian have been arrested. authorities say they forced their way into the home she was staying at in october, and they tied her up before stealing visuals. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries. i am in the charter. this is bloomberg. -- i am emma chandra. this is bloomberg. bloomberg spoke with the chairman at the ubs conference in shanghai. >> we have a strong interest in increasing our footprint and presence in china. we have said that we will increase our headcount here over the years to come. we want to build a lon

emma chandra, this is bloomberg. .biggest acquisition ever for johnson and johnson. we look at the future of health care. and a move against the u.s. dollar after donald trump tweeted about the wall, saying if mexico will not pay for it, it is best to cancel their upcoming meeting with the president. peso bouncing. it is up a third of a percent. davothis is bloomberg. ♪ ♪ this: from new york city, is bloomberg. jonathan: all-time highs across the board. you have optimism has waived not seeing in 2002. michael darda joins us now. a conversation around the board room for change and could the optimism result in a nude activity across the board? what are your thoughts? michael: we will probably see a pickup in investment. we saw a business investment recession last year and with business confidence surveys moving up, rallying with the credit markets, those tend to be leading indicators for capital spending credit we will see if it is in the -- spending. we will see if it is in the data. it is suggested we will see money wh

let's get the other stories making headlines this hour and say good morning to emma chandra. : good morning. here is your bloomberg business flash. warren buffett loaded up on stock after the u.s. presidential election. he said that berkshire hathaway has books $12 billion of stocks since he was elected. he didn't say which securities he picked, but said he is skeptical of the president's push for 4% growth in the economy. royal dutch shell is cutting down by up to $4.7 billion. most of it goes to assets in the north sea. they're buying those for 3.8 billion, it was swollen with debt when it paid $54 billion. that's your bloomberg business flash. i'm emma chandra. this is bloomberg. david: overnight, the bank of japan announced it would leave its current stimulus plan in effect, which was no big surprise. but governor haruhiko kuroda, in his news conference, did address quite specifically what he described as president trump's "protectionist policies." >> [speaking japanese] >> trump's protectionist policies could shrink global trade and economic growth, but the importance of

emma chandra has more.arings >> tillerson begin january 11 and will likely continue into a tillerson begin january 11 and will likely continue into a second day. president-elect donald trump does not plan to completely overhaul the affordable care act, according to kellyanne conway. she says mr. trump is looking at the legislation to see which parts have been successful. kellyanne conway: he is committed to maintaining the pieces his advisers say are working. he'll be talking to his talisman tom price about it and other experts. it is an issue where the president-elect has received a great deal of counsel. emma: conway says one of his priorities is to make it easier to purchase health care across state lines. syrian rebel groups are suspending peace talks over what they claim are violations of the cease-fire agreement. the troops posted by russia and turkey were supposed be followed by negotiations this month between rebel factions and government representatives. adopted amously resolution to end the confli

we turn to emma chandra. emma? president elected donald trump meets with the targets of his most recent criticism. chief of the u.s. intelligence community. they will brief him on his findings. the directors of the fbi and cia will be at the meeting and national intelligence. taking its first step towards reducing military forces in syria. a russian aircraft carrier is being withdrawn and so are ever -- so are several other warships. by russia anded turkey has been in place for almost a week. a diplomatic slap between japan and south korea over a new statue. it commemorates koreans into brothels before and during world war ii. japan has long downplayed the women's' existence but lesser apologize. -- last year apologized. it has suspended currency swap talks. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am emma chandra, this is bloomberg. jonathan: thank you. we are away from the payrolls. the calm before the report. abigail doolittle. abigail: as has b

i am emma chandra. this is bloomberg.ary nominee steven mnuchin warns that an excessively strong dollar could hurt the u.s. economy, but the greenback is edging back up after touching his lowest level in seven weeks. we will talk about what the dollar's next move is. this is bloomberg. ♪ jonathan: from new york, this is bloomberg. the fx market, the dollar moving higher following a six week low following a statement from steven mnuchin. he said the strength of the dollar has historically been tied to the strength of the u.s. economy, and the faith investors have in doing business in america from time to time. an excessively strong dollar may short-term effects on the economy. what it means for the economy, the market reacts. should it? dan: probably not. i think it is unclear whether some of these policies and proposals that have been put forth are going to be realized, so we are not sure what the relative growth profile of the u.s. look versus other parts of the world. you can mind, other parts of the world are in recove

let's get an update on what is happening to the business world and we turn to emma chandra. ch president hollande says the trump administration creates challenge on issues as trade rules and how to settle international crises. he made the comments at a news conference with angela merkel. the kremlin says russian president vladimir putin will speak by phone with president donald trump tomorrow. putin congratulated trump on his victory shortly after his election but the kremlin says they haven't spoken since. the kremlin applauded trump's promises to mend ties with moscow. the white house press secretary shawn spicer says an investigation into what president trump says is widespread, voted for the election and would be focused on understanding where the problem exists and how deep it goes. he singled out california and new york, two democratic stronled holds. spicer said trump will sign an executive action to launch the probe today. there will be tighter security on some european trains. belgium has sealed an agreement with france and the netherlands to draw up passenger lists

a quick good morning to emma chandra. emma: top republicans are warning president-elect donald a rift withld face top members of the party on russia. will pushn mccain sanctions on russia. british prime minister theresa may is signaling that regaining control of immigration and lawmaking are her top pair it is for brexit. in an interview with sky news, she suggested she is willing to gamble britain's trading relationship with its biggest market in return for greater sovereignty. she says she still wants the best deal possible for british companies. staying in london -- commuters had to find other ways to get to work today after thousands of london underground workers went on a 24-hour strike. the union rejected a last minute offer, and the some way -- and the subway systems service is significantly reduced. traffic in central london is almost at a standstill. global news 24 hours a day, powered by more than 2600 journalists and analysts in more i am emmaountries, chandra. this is bloomberg. julie? julie: i want to get back

to emma chandra. mark: well done.oomberg markets" continues. ♪ vonnie: it is noon in new york and 1:00 a.m. in hong kong. david: i and david gura. welcome to "bloomberg markets." ♪ david: from bloomberg world headquarters in new york, we will take you from mexico city to washington and london in the next hour. here are top stories we're following this afternoon. the dow jones industrial average climbed past 20,000 for the first time. stocks around the world extend the rally. interview with the cio that will center on global market risks under the new administration. in politics, president donald trump plans to act on two of the most fundamental and controversial elements of his presence will campaign, building a wall on the border with mexico and tightening immigration policy. us now doolittle joins with a look at the markets post doubw 20,000. abigail: the dow is above 20,000

good morning, emma chandra. emma: president obama said farewell to america west night, join a contrast between himself and his successor. he warned against turning economic issues between the white middle class and minorities. >> if we are unwilling to invest in the children of immigrants just because they don't look like us, we will diminish the prospect of our own children because those brown kids will represent a larger and larger share of america's workforce . obama alsodent acknowledged that despite his historic election eight years ago that his vision to lead the country believe the white house with them. into ratetigation emissions tested the german automaker will pay $4.3 billion and plead guilty. costwill raise vw's total to more than $23 billion, more than the company had set aside. one of the federal reserve's most hawkish inflation fighters is staying down. it plans to retire october 1 this year. he has led the regional fed bank since 2004. global news 24 hours a day powered by more than 2600 journali

let's get to first word news with emma chandra in our newsroom. emma: president obama will hold his final news conference as president today. he's expected to defend his decision to shorten the sentence of convicted leader chelsea manning. the white house says he will also talk about his decision to the country after he's no longer president and his commitment to working with the incoming trump administration. bloomberg will have live coverage. a senate hearing is underway for congressman tom price, president-elect donald trump's pick for health secretary. the house committee chairman said he wants to hear price's views on how republicans would replace the affordable care act. the russian military says it teamed up with turkey to conduct joint air strikes against and a form of state group stronghold in northern syria. of ldap, in the province of aleppo. the two nations have backed opposing sides in the nearly six-year syrian conflict. ankara -- thatr president george h w bush has been hospitalized in houston. a spokesman says he was taken to the ho

i'm emma chandra. this is bloomberg. lays out hera may vision for brexit today, bowing to quit the single market and promising a clean break from the european union. .he dollar came under pressure donald trump set to assume the reins of power in three days. care to help navigate the risks and rewards, the global market strategist for j.p. morgan asset management, samantha azzarello. we saw the market reaction to that speech today. how should investors interpret what she is saying? i do think the signs were there all along. she made references to the fact that she wanted to see a clean break. half income a half out what strong language in our view. this is still messy. there's uncertainty around all types of politicians. it is too early to say. likewise, here in the u.s., we have seen markets trading with a recent level of certainty around donald trump and yet come in recent days, we have seen wavering. where do you guys come down on that? samantha: it depends on the asset classes were looking at. equities,like he was the

let's get you first word news with emma chandra. emma: top u.s. intelligence officials say russia is a major and growing threat to u.s. government, military, diplomatic and commercial operations. todayals are testifying at the senate armed services committee hearing. they are focusing on russia's meddling in the u.s. presidential election. >> every american should be attacked by russia's attacks on our nation. there is no security interest more vital to the united states than the ability to hold free and fair elections without foreign interference. emma: intelligence agencies say russia is one of 30 nations developing the capability to launch cyber attacks. donald trump said he is quoting julian assange and he is not an ally. he said "i simply statement he thinks. it is a for people to make up their own minds as to the truth." president obama is expected issue at least one more batch of pardons and commutations before leaving office. the white house says they will likely be nonviolent drug offenders, some high profile people seeking compassion. wa

emma chandra has more from our new york -- more from new york. ma: a day after protesters jammed several airports, the president said just one hundred nine international travelers out of 325,000 were detained. they said president trump made reference to his new policy of meeting business leaders. president trump: we had a good day in terms of homeland security. we had decided to make the move. putor federal judges have part of the immigration plan on hold. according to abc news, the president has narrowed his shortlist to two federal appeal court judges. there has been an opening on the court since last february when antonin scalia a died. in quebec police say they don't know the motive for a deadly attack on a mosque. six people killed and eight wounded. canada's prime minister calls it a terrorist attack. he was once one of the richest people in brazil. now the former billionaire has been arrested in rio dean -- in rio de janeiro. batista is a target in the long-running investigation. they had flown to new york less than 36 hours before. global

i'm emma chandra. this is bloomberg. get a recap of today's market action, the dow adding to its advanced closing and yet another record high, this time 100 points above that twice was a level. s&p and nasdaq are retreating a bit. here.e little changed financials and industrials the big gainers here, health care and consumer staples were the losers. we have to look ahead. for tomorrow trading a lot of names and focus. results, earnings per share for last quarter beat analysts' estimates as revenue for the outlook. intel says first-quarter revenue will be higher than what analysts are looking for an first quarter below results, eas per share for last quarter beat its margin,timates the only profitability measure it gives. 63% plus or minus a couple of points. joe: paypal earnings also after the bell, that stock just under 2%. people not liking the outlook. the company did not reiterate its earlier three-year outlook 74, thecal year 2017 to 1 low end of the range. its margin, the only profitability measure itsame story on

emma chandra has more.iled part of its plan to mitigate illegal immigration. speaking to reporters at his first official briefing, white house press secretary sean spicer laid out some of the immediate priorities of the new administration's immigration agenda. >> the president has been very clear that we need to direct agencies to focus on those inside this country illegally and have a record, a criminal record, or pose a threat to the american people.that is where the priority is going to be , and we will continue to work through the entire number of folks here illegally. emma: it's the first time spicer .as addressed the press he criticized some news agencies for "deliberate false reporting" about pictures of crowds gathered for the inauguration. president trump is taking aim at a trade. he criticized some news agencies for "deliberate false deal he st workers. he signed an executive order pulling the u.s. out of the transpacific partnership trade deal. congress never formally authorize the agreement. the

i am emma chandra.adelphia, president shrimp -- president trump urged people to move fast on the agenda. president trump: this congress is going to be the busiest congress we have had in decades maybe ever, think of that. and think of everything we can who we mustremember achieve it for. oliver: for more on trump's remarks, we get a reporter from that retreat. heaven, tell us what is going on here. republicans trying to light a fire under him, will it work? reporter: they have a lot of work to do with president trump taking a series of executive actions on everything from the transpacific partnership to environment regulations with pipelines, and the to do list for congress is long. the lawmakers i'm speaking with on capitol hill tell me they are reality in terms of clockwork in congress, and this takes longer than president trump would like to see. the bottom line is in terms of legislative action, we will not see any laws passed until the end of february at the earliest. it will take things off with -

global news 24 hours a day, i am emma chandra, this is bloomberg.res up by 2/10 of 1%, off the lows of the session. 90 can see relatively flat, earnings came in better and a revenue came in better, but u.s. same-store sales were down 1.3%. the estimate was to be down 1.4%. andentary on the consumer the turnaround that mcdonald's has been issuing. one stock had left to cover is halliburton. that stock off by 6/10 of 1%. earnings came in better, but this was the headline, north america returning to operating profit. if the oil services have pricing power, does that put pressure on the oil companies in the u.s.? oil rig count up 19%. analysts say halliburton is in growth mode. rafe at -- wrapping up with actelion. a test phaseled in for drug -- for lung disease but should not impact the merger with jefferies. coming up, you must financials have been big winners in the trump trade based in part on expectations of less banking regulations. hold up andumption what specific regulations need to be relaxed to have a real effect on the bank's performance ? we

emma chandra is here with first word news. d responsibility for the deadly new year's eve attack istanbul. 39 people were killed. authorities have detained 14 people. the main suspect is not one of them. urging resident elect donald trump not to scrap the iran nuclear deal. the scientists sent a letter saying that the agreement has dramatically reduced risk that iran could quickly make nuclear weapons. donald trump has said his number one already as president -- priority as president is to dismantle the deal. spacex watching several satellites in california, their first launch since it fell to nine rocket was destroyed in december. globaglobal news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. jonathan: thank you. just over an hour until the cash open in new york. stocks up and bonds down seems to be the direction of travel at the moment. >> that is true. we have a risk on feeling for the global markets. cementing that is the fact that bonds are selling off here in the u.s. this

i'm an much this is bloomberg. -- i'm emma chandra. announcing it will layoff or 21% of its workforce, it will continue ni lab testing mi platform. that will leave the company with 220 employees. as we mentioned, the u.s. added 156,000 jobs in december. the work of a harvard economist who studied the world of sat down with michael mckee. contrasts are everywhere in economics or anywhere in the world, really. very simple trades mother is a contract behind that. it becomes more interesting when people are involved in long-term relationships. i've been particularly interested in how two firms might conduct a relationship with one another. this may be a relationship that goes on for many years and they can do it by a long-term contract or one firm can purchase the other firm. when would it be the case that the buyer would merge with the supplier or purchase the supplier and do the transaction inside one big firm? mike: this is something people rely on -- you've done work on decision rights. of a case you think where the two parties try to

i am emma chandra. this is bloomberg. vonnie: thank you.crosoftintel, and reporting earnings after the bell. microsoft topped estimates, while the other two companies fell short. joining us is bloomberg's cory johnson who covers tech from san francisco for us. a beautiful sight behind you. cory: sunrise. we like it. the day getting longer. vonnie: before we get into paid clicks about which you are looking for, alphabet beat. cory: i think what is important with the trend and what really struck me was the rise in revenue. this is one of the largest businesses in the history of mankind, think about that, yet it grew at a 22% annual clip. the pace of growth for this giant business -- it is profitable, a lot of free cash flow -- a lot of important things, but the pace of growth is so important and better than it was a few years ago. the company has capitalized on mobile, new platforms for ads -- new types of ads at different price points. they have change the world of advertising. if you pick up a copy of "sports yorker,"ed," "the new so much o

emma chandra has more. speaking with the trump administration, the fight over trump's executive order on immigration has taken another another turn. sally yates has been fired after she was told not to enforce the ban on muslims from the seven nations. -- told lawyers to defend the ban against legal challenges. trump announces his first courttion to the supreme tonight. according to people familiar with the process, he will select one of two federal appeals judges. both are considered conservatives, likely to be opposed by senate democrats. the house of commons has become the debate on the 137 word bill that gives theresa may permission to start the brexit process. the government's point person says lawmakers will consider a simple person. do they trust the people who voted to leave the european union last year? in japan, melted nuclear fuel may have been found under one of the hiroshima reactors. fukushima reactors. they are determining how radioactive the material is. global news, 24 hours a day. powered

kicking things off today, emma chandra. 710.is all about jobs ahead of tomorrow's u.s. jobs report. the creation going back to 1939. blue for democrats, river republicans. president obama ready to hand donald trump the best stretch of job growth since the 1990's. the past six years has seen more than 2 million jobs created every year, way above the long-term average of about 1.5 million jobs. issident-elect donald trump promising to create a further 25 million jobs in the next decade. that is a tall order given the tighter label market. easy the beginning of a downward trend at the end of the chart. what might be more important for donald trump is whether he can boost productivity and fair wage growth, something economists have a concerned about in the u.s. that is 701. mark: jobs, jobs, jobs. can you beat that bonnie -- vonnie? vonnie: china, soaring funding costs. you can see from this simple but effective chart, just as it did last year in january, this january we are seeing a massive increase in the cost of funding positions

i'm emma chandra. this is bloomberg.beganident his first full week in office meeting with corporate executives. today, he is wrapping up the week with his first meeting with the foreign lead a foreign lead. may addressed the nato alliance. today, wester may: have reaffirmed our unshakable commitment to this alliance. the president confirmed he is 100% behind nato. we are also discussing the importance of nato continuing to ensure it is as equipped to fight terrorism and cyber warfare as it is to fight more conventional forms of war. oliver: let's go to guy johnson who is here at the white house. let's start off with a comment on nato. we have a great story this weekend about the same topic a lot ofthe idea that countries have not been could you beating their fair share of towardsf gdp protection, towards the military. what do they want to get done with nato? guy: they want to get a number of things done. to ensure the white house engages with the current western security architecture, that it sticks with nato. the presid

emma chandra has more from the first word news room. m the department of homeland security as john kelly is set to be sworn in. we will bring you more as we find out. president trump, who believes he did not win the popular vote last november because of voter fraud, says he is asking for a major investigation and may strengthen voting procedures. he has repeatedly made disputable claims of a rigged voter system and has continued to raise concerns over fraud. the u.k. prime minister is battling a rebellion from her own lawmakers with threats to complicated her times over leaving the european union. the supreme court decision yesterday to hand parliament more power over the brexit process. six conservative legislators are uniting with the main opposition labor party to demand she publicist an official government document detailing her negotiation goals. usain bolt has been stripped with one of -- of one of his nine gold medals in a doping case involving one of his teammates. in a statement today, the committee said the jamaican team is dis

. ♪ emma: i'm and that chandra here in the hewlett-packard greenroom. scara soon to be president donald trump. jonathan: from new york city, this is "bloomberg daybreak." let's look at the asset classes for you. this is how the stage is set as we get back to work on wall street. a second day of losses on the ftse 100, down 9/10 of 1%, potentially the first today loss following that record 14 day winning streak. futures are little bit softer across the board. in the fx market, the pound is stronger and the dollar is weaker. by 2.29%.rate up potentially the biggest one-day move since 2008. on the one side, president donald trump saying the dollar is too strong and inflation rates in the united kingdom getting back to 2.5 year high. prime minister may and the content of that speech giving a short squeeze of the pound. spot to 0672. alix: oil is up 1.5%. you ignore it every time. [laughter] vos we take it back to da where erik schatzker is with qualcomm chairman paul jacobs. francineerik: good to see you. the jacobs family has been well-known supporters of

i am emma chandra. jonathan: we are getting some breaking news on the bloomberg. alix: getting some news that holiday comm sales fell. this is a decline from what they saw earlier by about $.25. the stock is now down by about 5% in the premarket. another sign that certain retailers cannot hold up to amazon. jonathan: another one to watch before the market opened -- deutsche bank. they are seeing some cutbacks. we are joined by a bloomberg analyst from bloomberg tello -- bloomberg surveillance. >> i think this is no surprise. it came up several times in the third quarter conference call. if you look at what was ,appening with the decrease they said at the time that they would take into consideration that they have when considering the bonuses. it has been a difficult year for deutsche bank. isx: is this the worst it going to get for those bankers over there? >> with deutsche bank, there are a lot of legal issues. the ones with the department of justice were the biggest. it was finalized yesterday -- the settlement was finalized yesterday. from the time they took th

here's emma chandra. ta lost its title as the world's best-selling automaker to volkswagen. it sold a record 10.3 million vehicles last year. toyota sold about 10.2 million. the automaker has been the world's best seller for the previous four years. vw was hurt by the diesel emissions scandal, but booming sales in china offset it. sony is taking a $1 billion write-down in its struggling movie business. -- manyts recent films of its recent films have underperformed. a few weeks ago they said the entertainment chief is stepping down. that's the bloomberg business flash. david: thanks. theests erupted over weekend after president trump's immigration order, and ceos have voiced their disagreement with the ban. for more we are joined by boris epstein, special assistant to the president. boris, no synergy you get through a successful inauguration, then all of a sudden you are juggling hand grenades. i wonder what it must feel like these days. >> i'm not going to characterize it. it's a great honor to be here. i'

good morning to emma chandra. cisco is making an acquisition.reed to buy company for $3.7 billion. they snapped up the software maker just before it's time to go public. chuck robbins joins us at 9:30 a.m. today. they are trying to retain the ability to do business in the european union after the u.k. exit. people familiar with the matter say the move is seen as administrative, less about moving people, and more to preserve access to european investors after brexit. jump has helped them a lot more than $284 million in bonuses, stock holdings, and other investments. the bank is letting its former president collect about $65 million in cash. that is ultimately $220 million .n goldman equity he must liquidate holdings to take his new place. that is your bloomberg business flash. alix: thank you. dow futures up. these are some of the movers you want to me watching. profit missed but revenues were better and shipments of aluminum products rose 42%. this was the first quarter they represented where the companies were split into two. also take a look a

i'm emma chandra. this is bloomberg. vonnie: we want to give you a quick check on u.s. stocks now.s aost interesting there racing games. -- erasing gains. the nasdaq down .1%. the ruble weakening dramatically. the peso as well, still weaker at 21.88. now to our markets wall and abigail doolittle. abigail: we saw a brief burst of volatility there. around donald trump's press conference. the sector most hit, health care on bearish statements from trump. and health care stock that its gains, mark. it remains the biggest boost to the dow today. -- merck. street is very bullish on this come including goldman come ever core isi, jpmorgan. this is a distinct positive. investors seem to agree with this bucking the trend for health care. before the press conference, verizon was the biggest drag on the dow. we now have johnson & johnson ,nd pfizer in that standpoint quickly living after president-elect trump did mention that he thought drug companies would have to bring their businesses back to the u.s. there could be bidding processes this may come as a bit of surprise to some investors. al