i'm emma chandra. this is bloomberg. the first take where we discussed the top stories of the morning. first up that rallying past 15,002 we are also looking at what happens in d.c. as well. lukewarm demand weighing on apple. analysts slashing first quarter projections. and new sanctions. president trump tweeting just now he expects democrats and gop to work on a new health plan and says unfair individual mandate terminated part of the tax bill. he's up. he's doing it. he's tweeting. joining us now, mark reagan and -- mark reagan and marty schenker. i want to start with d.c. what do you make of the rhetoric with north korea and russia and trump saying we're going to work on a new health care plan? marty: i think he is in a little bit of a bubble at mar-a-lago. outside of washington things may seem rosy to him but he's coming back to a completely divisive political environment. not only between democrats and republicans but within the republican party and some major issues are going to stand in the way of any bipartisan e

emma chandra has business news. sident trump is about to get his first major legislative victory. democrats meanwhile think they are getting a top campaign issue next year. the senate voted to rewrite the biggest tax laws in a decade. it gives temporary related to middle-class workers. democrats say it favors the rich and will help them retake congress index tears midterm elections. the eu's executive branch is recommending action over poland. they say poland has bound to uphold the blocks democratic values. with the first time, it is urging member nations trigger a process that could lead to economic sanctions and poland losing is voting rights in the block. saudi arabia is stepping up its crackdown on alleged corruption. saudi authorities are questioning more people and freezing more bank accounts, trying to reach a deal's windows already detained, such as talal.aire al-waleed bin global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i'm emma chandra. this is bloomberg

this is emma chandra. emma: brexit talks can enter phase two here and they agreed that the british prime minister has complied with their divorce conditions. now they will discuss what trade relationships the u.k. and the eu will have after brexit. republican leaders are trying to find a way to keep marco rubio from derailing the tax bill. he is threatening to vote against the legislation unless it expands the child tax credit. they will unveil the bill today. supporters of net neutrality will go to court to overturn the decision from the fcc. they vote to scrap rules barring broadband providers by favoring sites waiting to pay for speedier service. attorneys general from new york and washington will sue. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. i am emma chandra. alix: when does my cost go up? that's all i care about. it's time for the first take great we discussed the first three stories of the morning. we get the latest f

bloomberg's emma chandra is here. emma, lazy trading today after the holiday break, and i got to say, if i was in hong kong, i'd still be home. emma: it's very, very, very quiet today. clearly people, traders still enjoying christmas break. not many of them at their desk today. the they're going nowhere, and what we saw in the s&p, volume opened was at about half of recent averages. europe is closed, as you alluded to there. the next biggest market trading today is the nikkei, and that saw volume down about 44% f. we look for anything that may be dragging things down, it's the tech sector that's down about 1%, and that's probably why we're starting to see a few moves. and then let's look at apple, because that's one of the things that's been dragging things down this morning. we saw analysts have been lowering their projections for the iphone 10. they said shipments in the first quarter next year are going to be much lower than expected. they cited lackluster demand. so what we're seeing is a number of main apple suppl

emma chandra has more. emma: islamic state has irresponsibly for three suicide attacks in kabul today. explosions were at the shiite cultural center, and the afghan voice news organization. the attack took place during a panel discussion to mark the wreath anniversary of the soviet and that -- invasion of afghanistan. the victims included journalists and two students. twosaudi princes -- students. princes have left the ritz-carlton hotel where they had been held for almost two months. it is not known if they agree to a financial settlement or if they were released due to a lack of evidence. italy's prime minister has said the company -- country's election campaign is a minute. that is according to a state official who could not be named discussing confidential matters. the move would pave the way for a new election in italy, most likely in early march. the u.s. has endured 15-related -- 15 weather-related disasters this year. according to the center for environmental information, that is just one shy of a si

emma chandra has more. haveench authorities opened up a judicial probe in a tainting the be milk scandal, leading to the recall of several million products out of fears of salmonella contamination. company has apologized to customers and said tests confirm the salmonella outbreak at one of its production sites. authorities say 31 infants across rants contracted salmonella within days of consuming the milk in recent months. none died, those 60 and were hospitalized. the recall affected about 30 countries. the former president of peru's soccer federation is not guilty after an investigation, this after two others were convicted in a bribery scandal. the ruling cabs a trial in which investigators look into a culture of greed and corruption in fifa. three major u.s. cities have filed a lawsuit against the defense department, saying many service members were disqualified from government ownership or not reported to the national background check system. three major u.s. cities have filed a lawsuitnew york, san fr

emma chandra is here. te house kept president trump from carrying out a loophole that investigates managers. to close theted loophole in the tax bill, but steve mnuchin successfully urged keeping carried interest with new limits, according to people the money with the matter. in the u.k., british economy grew at the slowest pace since 2013. annual growth was 1.7%, well below the rate below -- before the vote to leave the european union. prices are rising faster than wages. and palestinian leader says many countries can replace the u.s. in the peace process. -- thewith the france french president and said the u.s. disqualified itself by recognizing jerusalem as israel's capital. the french president says he's working on "innovative solutions." 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. ceod: gerald storch, former of a number of retailers, now storch advisors ceo. we will talk about retail. if you cannot watc

i'm emma chandra. this is bloomberg.oked like the tax overhaul could be back in jeopardy. senator susan collins and marco rubio have criticized the plan to cut taxes for the country's top earners. together their opposition to kill the bill. joining us from washington with the latest is laura davidson, bloomberg congressional tax reporter. marco rubio is the wildcard here. explain why marco rubio is now objecting. laura: he feels strongly the child tax credit should be refundable, a credit with people if they don't have an imf tax liability gets extra money in their pockets. back when the bill was on the senate floor he added an amendment that would make it refundable and increased corporate tax rate to 21%. leadership squashed the idea, but now we ended up in a place for the corporate rate is at 21% but for different reasons. forower the top rate individuals data 37% from 38.5%. he is quite upset and saying we can raise the corporate rate for high earners but we can do it for the child tax credit? yesterday he was meetin

let's check in on first word news with emma chandra. ma: congress will go straight from the tax bill to fight over a must pass spending bill. they need to pass the measure by friday to keep the government operating. republican leaders are trying to avoid a shutdown. they might have to make concessions to democrats. the u.s. ambassador to the united nation's warns that president trump will be watching closely a key road to jerusalem this week. nikki haley is pushing other countries to oppose a general assembly resolution, criticizing the president's decision to recognize jerusalem as the capital of israel. .n.t is according to four un. diplomats. negotiatorief brexit michael barnier said the u.k. will keep benefits and obligations during that time. he says there will not be "in our car to transition period," with the u.k. wanting a two-year transition period after leaving the block in 2019. and a crackdown on alleged corruption. saudi authorities are questioning more people and freezing more bank accounts. they are trying to reach deals w

i'm emma chandra. this is bloomberg.: when president trump came to office there was a lot of concern in the business community about his tough talk on trade. thus far it has been more bark than bite. could this change in the new year? henrietta treyz has some sobering words. "we currently place odds of nafta withdraw and 60% in the first half of 2018. we are taking this situation seriously and considerate the single largest political risk of 2018." she joins us once again from new orleans. these are serious words, pretty sobering. 60% chance of a withdraw. what led you to that conclusion? henrietta: i'm pretty moderated. when you go up to capitol hill and talk to train staff or speak with experts who were at these renegotiations, they put the odds much higher. summit near certainty. the question is when not if the president is planning to pull out of nafta. the dynamic is we have seen the president saber rattle significantly in the last year and -- on steel aluminum tariffs. they are now in the sixth round. the understan

i am emma chandra. vonnie: emma, thank you. breaking news.dent trump tweeting about wells fargo. i quote the president, saying five penalties against wells fargo bank for bad actions against their customers will not be dropped, as is incorrectly being reported, but will be pursued, and if anything, substantially increased. regs, cut rags, -- cut but make penalties severe. this is a tweet from donald trump's account a few minutes ago. wells shares had been rising in the last few minutes. we are reaching out to wells fargo for a response to this threatening tweet from the president. it is not clear who he is pursuing, but it sounds like it is from his own voice. mark: breaking news from ryanair, the european low-cost carrier. it has extended its global distribution partnership with amadeus, the booking reservation system. the partnership will end on december 15. they are ending their gds partnership. they are unable to reach a packed. global distribution partnership with a monday has has been ended and will end on december 15. vonnie: it is tim

let's check in on "first word" news with emma chandra. emma: it is now official, president trump as assigned the republican backed tax reform bill, slashing the corporate rate from 35% to 20%, doubling the standard deductions to individuals. the president signed a bill that keeps the government running through january 19. the first visit to moscow by the u.k.'s top diplomat in five years took a contentious turn. british foreign secretary boris johnson met with his russian counterpart, sergey lavrov, today, in an attempt to encourage better cooperation on security issues. after the joint press conference, johnson address obligations of motion meddling in the u.k. vote to leave the european union. mr. johnson: russian attempts to interfere with our elections are , whatever they may have been, have not been successful. you can reassure yourself on that point. that is an important consideration. because i think had it been successful, that would have been an entirely different matter. lavrov tonight any russian involvement in business politics

i am emma chandra. this is bloomberg. billionaireg up, leon black is facing a tax overhaul the limit, the decision he makes could alter the whole private equity model. details next. this is bloomberg ♪. >> this is bloomberg markets. thatew u.s. tax regime private equity firms make an -- consider changing from an llc to a corporation thanks to lower corporate tax rate and that could alter the model on wall street but what are the trade-offs? our team leader for u.s. investing has some insights. publicly traded partnerships, apollo global management, taxed differently from corporations. >> that is right, considered pass-throughs with lots of privately held businesses across the u.s. are taxed as. llc's, lps, partnerships like law firms, and when you have a partnership like that, the owners have the income from their firm pass through to them and it is taxed at individual rates in most cases. first is a corporation -- versus a corporation publicly traded, that income is taxed at corporate rates and with the new tax bill, the

i am emma chandra. this is bloomberg. shery: thank you. coming up, the tax bill aftershock, details of a provision in the newly passed law that would fit some of the biggest foreign banks operating in the u.s. this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn. frivolous sex from the tax bill could make it beyond u.s. borders as a provision in the provision from the tax bill could make it beyond u.s. borders. goldman sachs announced that it will take a $5 billion to hit to its profits because the repatriation tax. this.talk about a new provision, tell us what it does. it is supposed to catch money that is shifted abroad. now that u.s. tax is much lower, more copper bowl to the rest of the world. we -- more comparable to the rest of the world. whatever you make, where a remake was tax of the u.s. rate now but you make money overseas, a lower rate. provisions,ew trying to catch the money you shipped overseas only. some companies have very few employees in ireland but booked their sales through ireland and do not get taxe

emma chandra has more from new york. is signaling and is ready to back another round of you and sanctions on north korea. the security council votes today on whether to cut deliveries of petroleum products to kim jong-un's regime by 90%, a response to the long-range missile test last month. in japan, the cabinet has approved a record $46 billion defense budget. the country wants to improve its military capabilities at a time when north korea is becoming more of a threat. japan'se items on shopping list -- a third layer of ballistic missile defense and its first long-range missiles. the british economy grew at the third quarter at the slowest pace since 2013. annual growth was 1.7%, well below the rate seen before the boat to leave the european union 18 months ago. british households are being squeezed because prices are rising faster than wages. palestinian later mahmoud abbas says many countries can replace the middle east in the peace process. abbas met with french president macron in paris. he said the u.s. disqualifi

alix: to bloomberg first news word, here's emma chandra. emma: russian president vladimir putin made a surprise visit to syria and ordered most russian troops to begin withdrawing. putin met with syria's prt, bashar al-assad and the first time he's been to syria to back assad in the civil war. france's president macron called president trump's decision to call jerusalem the capital is a call at peace. he disagreed saying mr. trump's action would help the middle east peace process. and alabama senior republican senator has urged voters in the state to reject federal republican roy moore's in tomorrow's special election. shelby said alabama deserves better. moore has been accused of inappropriate behavior with teenage girl ps when he was in his 30's. global news 24 hours a day in more than 120 countries. i'm emma chandra. alix: time for the daybreak first take where we discuss the top three stories of the mork. bitcoin finally lands on wall street with futures surging 26% in the debut session. then central bankers, big week ahead, in focus wil

emma chandra has it for us. emma: president trump has signed the tax reform bill.the corporate tax rate from 35% to 21%. because individual tax rate. analyst say most benefits will go to those at the top of the income scale. the president also signed a public use the government running three january 19. russian president vladimir putin says the united states has violated a cold war era nuclear arms pact. he accusedting today the u.s. of housing certain types of banned weaponry and its missile-defense sites in romania. washington has denied the claims in says russia is developing a new missile that would break the 1987 treaty. that trump administration recognized the results of the honduras disputed residents of election, despite opposition complaints and irregularities and calls from congress to back any vote. the state department graduated fernandes on his victory but urged the electoral commission to review any challenges to the results. in a statement, a spokesperson urged refraining from all violence. in orlando it was a here and to determine what evidence can

from bloomberg's first word news, we turn now to emma chandra. : president trump is planning a meeting with top republicans to draw up a game plan for the 20 18th legislative agenda early in the new european -- in the new year. the present will host mitch mcconnell and paul ryan i can david during the first weekend of january coul. both lawmakers have confirmed they will attend. in jerusalem, plans are underway for new train station near the west wall and it could be named for president trump. israel's transportation manager says it could be a thank you to present trump for recognizing jerusalem as israel's capital. amending thers national constitution for the first time since 2004. according to china's official news agency, the decision was made today at a politburo meeting led by president is usinjingping. vladimir putin has submitted the nomination papers required for him to run for lee election -- reelection as an independent. it comes a day after a group of supporters signed up to support his candidacy. russia requires endorsements. with an a

i am emma chandra. this is bloomberg. nejra: thanks so much, emma.ound is low against the dollar after e.u. concluded a meeting in brussels. the e.u. 27 agreed sufficient progress had been made for brexit talks to move to phase two. but european council president donald tusk warned that while an agreement by march 2019 is realistic, it will be difficult. task: it is realistic, and dramatically difficult. it is for sure the second phase will be i think more demanding, more challenging, down with the first phase. joining us now from brussels with the latest is bloomberg's anna edwards. we got the news that broke a few hours ago that the e.u. was green lighting moving on to trade, but they are not going to officially start discussing it until march, and they want to wrap it up i october. is that realistic? realistic, but difficult. that were the words -- that was the words used. we have had a lot of these words over the last few hours. a host of e.u. leaders giving press briefings and talking about challenges ahead on the brexit front. angela merkel and

now for an update on what is making headlines up side the business world, here is emma chandra. the voters will decide whether to elect the senate candidate to split the republican party. roy moore is accused of sexual misconduct with teenagers and is backed by president trump, but he is opposed by a number of republicans, including alabama senior senator richard shelby. the mayor of san francisco died overnight. edley was 65. his office did not disclose his death. he was his first asian-american mayor in san francisco. south korea may try to reduce tensions with north korea during february's games. they may delay the annual spring military drills until after the liv-ex are over. north korea regularly denounces the wargames as a prelude to action for global hours a day powered by 2700 listen and listen over 120 countries, i'm emma chandra. david: we have had over 24 hours trading on bitcoin. julie hyman, things had really gone up. a couple of circuit breakers had kicked in. julie: it has definitely stabilized i. we saw the price move sideways and the same thing happened with volu

i'm emma chandra, this is bloomberg. mark: china is likely to overtake the u.s.rld's largest importer within five years. that is according to a forecast from china international capital corporation. it is our the biggest exporter on the planet. let's bring in alexander wolfe, a senior merging market economist -- emerging-market economist. thank you for joining us. obviously, our intention has been on the moves. we have seen the chinese bond market and the chinese stock capitalcan china leverage while maintaining some sort of decent growth rate? i think so. i think it is important how we characterize. the debt dgveraging -- gdp ratio, but in china's case is not broader deleveraging. it is very targeted of the financial sector. they are trying to his leverage of the financial sector, trying to reduce interbank lending and trying to increase input credit for the economy. deleveraging is some and china has not approached yet. changesch time china policy, often that is led to slower growth, why is this time any different? alexander: one of the biggest questions facing

i'm emma chandra. bloomberg. david: president trump got the win he wanted on taxes but may put up signing the legislation until after the new year. let's go to kevin cerilli. pay go, it's pay-as-you-go in which if you have a tax cut, you have to have cuts in entitlements. there might be a pay go waiver in the cr negotiations. lawmakers have to pass a partial funding bill by the end of this week. they will likely pass a one-month extension. win, just, is still a a matter of a couple of days. he might decide when he's down at his winter white house. david: sounds good. what comes next? this is what's interesting and what's being talked about behind the scenes. late last night at the lawmakers were at the white house, they went to a closed-door briefing on capitol hill. they have to decide not only on the cr but looking at the next calendar year. president trump is hinting he was to get infrastructure done. i have spoken with several lawmakers who don't know exactly what infrastructure plan means. house s

emma chandra has first word news. president vladimir putin vows to crack down on terrorists after a bomb injures those in st. petersburg last night. putin said he had ordered security agents to liquidate bandits from a spot. that terrorism and said russia would be far worse if not for his country's military operations in syria. roy moore is going to court to try to stop alabama from settling don jones as the winner of the special election. his attorney wrote that he believes there were irregularities in the election and an investigation should be launched with the aim of prompting a new election. the secretary of state of alabama told the associated press that jones will be certified as the winner today and his office has found no evidence of fraud. a former lawyer for martin shkreli's companies has been found guilty of fraud. he was convicted of helping to still millions of dollars to pay off investors while martin at ali led an pharmaceutical company. global news 24 hours a day, powered by more than 2700 journalists

david: let's find out what's going on outside the business world and for that we turn to emma chandra. emma: today, congress begins the final step toward the biggest inrite of u.s. tax laws three decades. house republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. the measure permanently slashes the top rate of tax for business to 20 1%.o 31% -- 35% in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. according to the data, it was going 80 miles per hour in a 30 mile per hour zone. at least 30 people -- three people were killed and several others treated at the hospital. the train was making its first run along a new route. -- a tougher stance. michel barnier said there would be carveouts. in an interview, he also warned that once it leaves the block some of the u.k. would have to by the e.u.ules during a transition period. global news 24 hours a day, powered by more 2700 journalists and analysts in more than 120 countries. i am emma chandra, this is bloomberg. ourd: it's ti

we are kicking things off in new york city with emma chandra. emma: thank you.alk about on either side of the atlantic. look at this chart. the white line is european retailer performance relative to the stoxx 600. they are one of the hardest hit industries in europe. the blue line by comparison is american retailers' relative performance relative to the s&p 500. they are one of the best performers in the u.s. you can see this divergence between the two started in about 2016 but has picked up pace through this year. there have been a couple of stories out today on the bloomberg that have shown -- helped to illustrate the difference between europe and america. in europe, h&m shares plummeting today as they reported the biggest up in quarterly sales in at least a decade. we heard that retailers are gearing up for the best holiday shopping season since the recession as consumer spending surges. we are seeing a big difference on either side of the atlantic in terms of how people are spending. both sides of the atlantic, we have retailers struggling to deal with the

emma chandra has first word news. ing called new york city's worst fire in more than a century. it killed 12 people, including several children. the fire broke out on the first floor of the five-story structure and spread within minutes. around 175 firefighters were called to the scene. >> this tragedy is without question historic and its and our hearts go out to every family that lost a loved one and everyone fighting for their lives. emma: the cause is under investigation. meanwhile, in india, a fire at an upscale restaurant has killed 15 and injured dozens more. quickly andy burned collapsed as people try to escape. a case of probable homicide against the restaurant manager and no arrests have been made very a russian spokesman says a failure to restore ties to the u.s. is a disappointment, calling it anti-russian hysteria in washington. claimed the kremlin still hopes to improve its relationship with the u.s. but added it takes two to tango. global news 24 hours a day, powered by more than 2600 journalists and anal

let's get a check on what is going on with stocks today with emma chandra. emma:

i am emma chandra. this is bloomberg. alix: time now for daybreak's first take, where we dissect the top three stories of the morning. commodities charge, copper rallying to a three-year high. then you have retail rebounding, tech stutters. apple nosedive and jcpenney's come back. new year, new fed, the white house is said to consider rich new position.e i have a chart for you, because we are talking about commodities, global synchronized new position. growth, but this is the question mark i have. copper. versus what does this chart tell you in the context of a global synchronized recovery versus we are dealing with some shut in for supplies. peggy: i think copper has had a rally, in part to china shutting down due to pollution concerns. it is a reminder that with china as it is growing into the global economy, there are things where it is still a risk. the government just comes in and shut something down. it is not only copper but aluminum that analysts are seeing head into the new year on one of the strongest bounces. a

i'm emma chandra. this is bloomberg.abu dhabi, there is a most significant opportunity and risk. bloomberg's erik schatzker caught up with the global firm. to acquire in a bid the mall owner. are a fair and transparent organization. those on the company are our partners. we also want to share with the board. we have been that way with the board and shareholders. we will put an offer out there that we think is fair. if they want to do something different, then they will do something different. i think it will all make sense. the thing that makes the gdp offer so fascinating is what makes brookfield and interesting organization. we know you are contrary and about u.s. malls. we know you have been contrary about brazil, and the early signs that was a smart bet. is there anywhere else in the world that you can be contrarian right now where values where they are with the cost of rising interest rates? >> eight years into a cycle it gets tougher. we always find pockets of things to do. you would not have said 18 andhs ago that

emma chandra has more.poenaeder deutsche bank for its relationship with president trump and his family according to a person briefed on the matter. owes them about $300 million related to his role as a real estate developer here in southern california, explosive brush fire has androyed 150 billions 27,000 people to feed their homes. about 70 miles northwest of los angeles, by wind reaching 50 miles an hour. clasping down on u.s. news media in north america and and 27,000 people to feed their homes. europe, to these foreign agents. they can be banned from covering tosia passes parliament, register as a foreign agent under u.s. law. agreed on a union tax bracket of 17 countries that could save sanctions. , and inrea, panama recent years, the eu has stepped up its fight against tax avoidance and evasion by companies and individuals. day global4 hours a news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra and this is when burke. thank you p are was

i'm emma chandra. this is bloomberg.p, crew resuming its advanced toward $58 a barrel . -- futures in focus is next. this is bloomberg. >> live from new york, i'm vonnie quinn. from the i mark barton city of london. this is bloomberg markets. let's get to it futures in focus. spokeec secretary-general with bloomberg about the progress opec is making in cutting global supply. we are making significant progress with our non-opec friends in the oil markets to return to stability. we are continuously seeing regions, bothall crude and products. nejra: joining us --mark: joining us is the president of blue line futures. market -- next year. he seems to suggest it is going to happen soon. what is your take? >> i do think the market is going to get closer to the balance they are looking for. likely it can be achieved. the question is, are they going to keep up a productive second half of next year? that will rattle the market. they have expressed quite the ,oncern about u.s. production coming back on the market from u.s. product

i'm emma chandra. this is bloomberg.itcoin future, started trading on the cme. the cryptocurrency continues. we are live on the trading floor in chicago next. this is bloomberg. ♪ ♪ mark: live from bloomberg's new european headquarters in the city of london, i'm mark barton. vonnie: and i'm vonnie quinn. this is "bloomberg markets." cmeoin began trading on the . the trend higher is unaffected, even though there was a drop at the opening. joining us to talk is scott bauer of trading advantage. how much interest was there in the beginning of trading of these new contracts? we did see a major drop at the open. scott: it is not bad for the first day here. some of the firms that will participate are feeling their way around the market. right now, there is probably around 800 contracts or so that have traded. remember, the cme contract is worth five bitcoins. it is really five times the notional value. that is a significant amount. the biggest thing we have seen so far is trading has gone off without a hitch. things are going

emily: venture capitalist tim draper with bloomberg's emma chandra.dition of "bloomberg technology." we are live streaming on twitter. check us out weekdays at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ that is all for now. this is bloomberg. ♪ is this a phone? or a little internet machine? [ phone rings ] it makes you wonder. shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. choose by the gig or unlimited. and ask how to get a $200 prepaid card when you buy any new samsung device with xfinity mobile. a new kind of network designed to save you money. click, call or visit today. >> the following is a paid advertisement for time life's video collection. >> ladies and gentlemen, dolly parton. >> ♪ here you come again announcer: country music's biggest night. >> ♪ just when i am about to get myself together ♪ announcer: when country's greatest stars perform on country's biggest

emma chandra is here. poenaed deutsche break for records on its relationship with donald trump and his family. bankamily owes deutsche $300 million related to his role as a real estate developer. the rnc has given financial support behind roy moore. that comes after the president endorsed him for the special election. several women have called -- accused him of sexual misconduct. a brush fire has killed 150 buildings and forced people to flee their homes in california. it has spread to then tara. it is being fanned by winds reaching 50 miles per hour. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. david: now to the deal that could reshape the media landscape. this that has renewed talks about by the major part of 21st century fox. comcast is also looking at the same asset. the murdoch family would prefer disney be the buyer. joining us now is richard sarnoff. he is the man responsible for evaluating and executing media investments

i'm emma chandra. remaking be making -- the u.s. health industry.ve a hand in everything from stores to insurance. they take over will test the trump administration's approach to antitrust issues. the big takeover in the industrial cable business, cable,g to buy general the price $3 billion. that was the trading day before the company said it was reviewing strategic options. disney has renewed talks about buying a part of 21st century fox's media assets. it will include the 20th century studio. that is your bloomberg business flash. alix: the next big short. the introduction of bitcoins future. the three questions i have, does this bring in new investors? how does risk and clearing work? jeff, the founder and principal tothe first fcc cftc advisor christopher jan carlow. he is an outspoken voice on bitcoin and a five-time jeopardy champion. how do you become a five-time jeopardy champion? does this wind up bringing in new investors? >> absolutely. newink this is a major development in the legal and bitcoinry certainty for and cryptocurrencies. i thi

let's check with emma chandra. more from new york. a new twist in special counsel robert mueller's russia investigation. former national security adviser michael flynn is expected to plead guilty moments from now to lying to federal agents about communicating with russian ambassadors. he was fired after resolutions he lied to the vice president mike pence about this contacts. putting guilty to a single count suggests plan has agreed to cooperate with the investigation. on capitol hill, the second ranking senate republican says there are enough votes to pass the tax bill. senator john cornyn and other party leaders have been working since last night. earlier today, senator ron johnson agreed to back the measure, as has oklahoma senator james lankford. there is a report that president trump may take a stab at tensions across the middle east. the president is considering recognizing jerusalem as the capital of israel. an announcement is expected next week. that could anger palestinians who claim half of jerusalem, that it would allow the

emily: tim draper with our own m a chandra -- emma chandra. events around the w -- here is a look at in vince around the world. a central bank meeting in the u.s., england come in europe. england, and europe. this is bloomberg. ♪ ♪ emily: when it comes to holiday party cocktail chatter, it might be hard to top elon musk. the ceo revealed the company is making its own ai chips to power its self driving cars. elon musk offered no details but ware will beard the "best in the world." bitcoin rose by $3000 to $17,000 today before falling back. tim draper has long been an enthusiast. he owns 30,000 bitcoins. ask if he is concerned about a bubble. becausewearing my time it is a global currency that is frictionless. it has that trusted third party that is not subject to the whims of some political force. >> you have been a bitcoin bull for years. you said it would reach $10,000. it has surpassed that this year. what is driving the frenzy in growth. >> i feel like i made it by just one month. it was a three prediction a $10,000, and it hit $10,000 in n

i am emma chandra. this is bloomberg. nejra: thank you so much. turn our focus to europe and the challenges it faces in the year ahead as the euro heads for its best performance since 2003 while the dollar continues to slump, heading for its worst year in a decade. what will it mean for central-bank policy? joining us from naples, florida is a professor of economics at dartmouth college and former boe monetary policy committee member. united to see you as always, danny. et's start with the u.k. let's start with the u.k., because 2018 is going to -- [laughter] it is going to be a big year for brexit negotiations. i'm glad we are cheerful about it. it is funny from florida. [laughter] danny: i know. nejra: from brexit, the hard work starts here. the phrase at the bank of england is, forecasts are predicated on a smooth exit. how smooth can negotiations possibly be from here? danny: well, not very smooth at all. the mpc trying to make a forecast, which is tough to do, and it has been pretty bad at it -- what can it assume? it can only assume essentia

we spoke to bloomberg's emma chandra on monday as the numbers were still rolling in. one of the things you mentioned, adobe systems there. they have come out what the biggest prediction for the day in terms of sales. they are expecting $6.6 billion in sales. that would be the most ever in the u.s., and as you mentioned, they have seen half of that being achieved. we heard from them earlier in the day when they noted that web traffic was up, and they noted that mobile commerce was winning the day with traffic growing about 21% and accounting for more than 50% of all visits online. that is a trend we have been seeing all year, and for a number of years in terms of the growth of e-commerce and also the growth of mobile shopping. if you take a look at the terminal here at g #btv 1928, mobile e-commerce is a good 20% of all e-commerce. we also heard from first data, the biggest mobile payments company in the u.s., saying cyber monday has gotten off to a very solid start for e-commerce. strong and steady growth throughout the morning into the afternoon. this is the overall -

bloomberg's emma chandra for us in new york. emma, thanks so much.ng with e-commerce, the increase in online transactions also means an increase risk of cyber attack. in the fourth quarter of last year, there was a 20% jump in attempted hacks from november to december. joining us from boston, carbon black, patrick morley. what are you seeing so far this year? are you seeing a similar type of increase? patrick: the analysis that we did based on the data we collect was done on 2016, and we saw a material increase as you said, 20% increase in the month of december. and so, we anticipate that this year, we are going to see the same type of increased year-over-year in the month of december. and the primary driver on that is that it provides the attacker, the people trying to make money typically, all of the noise happening, like what you just spoke about in regards to cyber monday, all of that provides great cover for attackers to go and get consumers and get enterprises. emily: now, as i understand it phishing attacks have been the , most common. tell us

here's emma chandra. unexpected turn with the tax cuts and republican leaders are scrambling to save the bill. mitch mcconnell sent leaders home last night. they are looking for ways to offset the cost of the measure. more republicans are demanding the tax cuts not drive up the nation's debt. one senator says he is hearing that republican leaders now have to vote. a final vote is expected later today. the u.s. ambassador to the u.k. insists president trump and prime minister theresa may have a good relationship, despite the dispute over the president's tweet. no date has been set that the president to visit the u.k. telegraph,o the there were tentative plans for him to go to london next month for the opening of the new u.s. embassy but the trip is now off. the senate ethics committee has opened an inquiry into allegations against al franken. he asked for the investigation after several women accused him of inappropriately kissing and groping them. he has given no science he plans to resign. global news 24

time for our sector report and stock of the hour with emma chandra.ooking at energy and natural gas? ata: i wanted to take a look the sector, given the cold snap we are seeing in the northeast and much of the witnessed that midwest today. this is the energy etf. it is not really moving much today as general markets are not. if you take a look down further into natural gas and bring it up itthe u.n. gtd -- ung etf, is up over 6% today. this is due to the cold weather dude -- due to heating, but this season will be a lot better then we saw in the past couple of years, which have been much warmer winters. temperatures are also forecast to stay very cold over the next 10 days. many people are hoping it will stay that way, particularly as the january and february the past few years have not been great. i wanted to look at another thing with ung. chart here,o this you can see that if you look at the cumulative total return, the if youre in the corner, look at it on the year, return is down about 38%. it was not looking good right now and hoping to look good

emma chandra is here with first word news. ump will declare china strategic competitor in a speech today on national security. according to senior administration officials, the speech will be influenced by his views on trade and economic relations. he will outline potential economic actions that could target china. in chile, the billionaire has been elected president. he won almost 55% of the vote and pledged to reverse 4 years of sluggish economic growth. the latest star wars movie did not disappoint. " took in $220 million at north american box office in opening weekend. then that high expectations of movie fans and analysts and well ahead of the opening of last year's star wars spinoff. global news 24 hours a day, powered by more 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david: it took nearly a full year, but it looks like the trump administration will get that taken legislative win -- big legislative when it has been hoping for. -- the overhaul package will be ready for

list check in with evan chandra -- emma chandra. : today, voters in alabama vote.re is accused of sexual misconduct with teenagers and is backed by president trump. he is opposed by number of republicans, including alabama's a senior senator. in washington, conservative activist's are demanding washington hold the line on corporate tax cut to 20%. some lawmakers proposed cutting the rate from 35% to 22%. the difference would be used to offset other tax cuts. antitax activist say that would violate the intent of the framework republicans agreed to. the u.k. wants a post-brexit trade relationship with the eu is virtually identical to the one in place now. the u.k. international trade secretary says that would ensure a smooth transition pweriod. they are members of the eu currently. the mayor of san francisco died overnight. edwin lee was 65 years old. his office has not disclose the cause of death. he had been in office almost seven years. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm a much chandra. t

emma chandra with the latest. a little bit lower for stocks. >> not too much this first day of trading after christmas. they are going nowhere, volume is down by about 46%. if anything is dragging things down, in the nasdaq, tech. apple analysts have been lowering projections for the iphone x shipments in the first quarter of next year. what apple is doing, it is falling today. another report by another aalysts saying there could be misunderstanding about whether or not some of these reports about demand for the iphone x relate to the iphone 8 or the iphone x, both came out in the same cycle. heat suppliers feeling the microtechnology down 20%. on the flipside, retail doing very well. upy's, nordstrom, up, kohl's most 5%. of the most since june after a report in the wall street which mastercard stated holiday sales had risen by 4.9% between november 1 and christmas whicheve, the best day since 2. analysts saying that strong sales momentum. under christmas trees compared to one year ago. some of those may be jewelr

let's get an update with what is making headlines, emma chandra is here. here is election results that shows president trump's influence in the damage sexual misconduct allegations can do. doug jones won the special elections for an open senate seat. he beat republican roy moore. the loss narrows the republican edge in the senate. president trump has backed moore, so had steve bannon. secretary state rex tillerson says u.s. is ready to negotiate with north korea without preconditions. he says before talks with kim jong-un begin, the u.s. wants a quiet rio without just quiet period without nuclear missile attacks. it is close to his goal of rebalancing the oil market. mohammed barkindo tells bloomberg that the stock piles strike. it is a sign that opec and its allies are making progress in the efforts to curb oil production ensure a prices. -- and shore up prices. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i am u.n. charter. this is bloomberg. await the we president speech on tax reform, the clock is tak

here is emma chandra. emma: the saudi-led military coalition fighting houthi rebels in yemen said it intercepted a missile over riyadh. the column of white smoke was seen. the rebels say they fired a missile at a palace in the saudi capital. for the first time since oil prices collapsed three years ago, saudi arabia's budget deficit has fallen below 10% of gdp. the saudi king salman says deficit targets next year will be less than 8%. the new budget is aimed at boosting growth to offset tax hikes and cut subsidies. in washington state, federal investigators say that an amtrak train was speaking before a fatal derailment. according to the data recorder, it was going 80 mph in a 30 mph zone. at least three people were killed, and more than 70 others treated at hospital when the train hurtled off an overpass. the train was making its first run along a new, faster route. single-family housing starts in the u.s. have risen to the highest level in a decade. the increased more than 5% in november, to an annual rat

vonnie: emma chandra here with us now. you experienced it. : this is part of the decision to counter declining sales growth. this is across all beer and craft beer, which had been growing more quickly than regular beer. sales started to slow. they want to create an experience around craft here in the same way you get with wine. do can go to a vineyard and tastings. it's all very ready and often romantic perhaps. not for me right now. when it comes to craft beer, they want to do that. they will have tours at breweries. they want to parent with food. that is what they mean i asked areas. i learned a new word. a is the equivalent of somalia. toy are employing them improve the experience and talk to people about why beer can be experiential. shery: i want to try it out. thank you. vonnie: coming up, they have agreed to buy more operators. we will assess the business in the age of amazon it. this is bloomberg. ♪ ♪ vonnie: live from midtown manhattan, bloomberg's world headquarters, i'm vonnie quinn. shery: i'm shery ahn. let's get a check of the ma

in new york city with our first word news, here is emma chandra. in alabama, voters will decide whether to elect a senate and it split the public and party. -- heore was accused of is backed by donald trump. trump wants the u.s. to send astronauts back to the moon and to mars. the presence directed to nasa thates a single paragraph mr. obama had called emissions beyond the moon by 2025. president trump eliminated the deadline. in washington, conservative activists are demanding that republicans hold the line on the corporate tax cut to 20%. someone because just some lawmakers have proposed cutting it from 25% to 20%. faced morekers tightening in 2018. drop .5%.u.k. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. tom: with us,, -- derek halpenny on the many central banks. wicked assume just we can assume they are not coordinated. they are speaking with different places. we hope to speak with mark carney. we will let you speak for the governor of the bank of englan