emma chandra is here with first word news. trump has a warning for north korea's leader, tweedy has a much bigger and more powerful nuclear button, responded to his warning that the nuclear button was always on his desk. there has been a major diplomatic breakthrough between koreas. north korea called south korea on a hot writing a demilitarized zone that has not been used for almost two years -- hotline on a demilitarized zone that is not been used in two years. a deep freeze has already sent temperatures to all-time lows. now, a so-called snow obama is expected to race up the eastern seaboard tomorrow. boston could get 11 inches of snow. parts of new york city may get four inches. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. the day we get those minutes from the december fomc meeting and investors will be looking at anything they can glean from how the fed is looking at inflation and how it should affect rates. englander,steven

here is emma chandra. ngton, republicans see the possibility of a deal allowing daca immigrants to stay in the u.s., despite the common from president trump of the effort is dead. the immigration issue is playing out as part of a bigger debate on spending, congress has to pass a bill by friday or face a government shutdown. areawaii, federal officials investigating the false alarm about a missile attack. the hawaiian a residents sent independent going to mobile alert said a ballistic missile was inbound in people should take shelter. the hawaiian governor said a state employee pushed the wrong button. in jakarta, at least 72 people injured when a floor at the stock exchange collapsed at lunchtime. police searched and found no evidence that there was a bomb. the stock exchange started afternoon trading at the usual time. one of the biggest diamonds in history has been discovered in southern africa. about the sizes, of two golf balls. it was found in a mine and 813 2015 dimon discovered in sold for a record $

emma chandra here with headlines. the explosive behind-the-scenes book. the president again denounced the book by michael wolff and described himself as a very stable genius. here in new york, there's a report of a fire on the top floor of trump tower. more than 80 firefighters have responded. and the smoke eventually dissipated. there are no reports of injuries. trump tower is president trump's primary residence before he was elected. more problems at new york's john f. kennedy airport following a severe storm last week. flooding at one of the terminals caused more flights to be delayed or diverted. the storms have left thousands of passengers stranded and others had to search through mounds of bags for their luggage. global news 20 for hours a day powered by 27 journalists and analysts in more than 120 countries, i'm emma chandra. this is delivered. bloomberg. alix: look at that picture for a second. can you imagine if that was your life? david: i'm not surprised. alix: and laguardia is a hot mess. david: jobs number

i'm emma chandra. this is bloomberg. alix: middle east still front and center. we thought we might have put that a little bit aside. not so much. that for an exclusive discussion on the global risks shaping 2018 including those from the middle east we want to join bloomberg radio. our colleagues tom keene and jonathan ferro are standing by. we are joined on bloomberg radio and bloomberg television our conversation with ian bremmer of eurasia group. his top risks for 2018 and we are honored to have with us the 76th secretary of the treasury of the united states. withne who served president obama. a massachusetts democrat. jack lew joins us. ian bremmer i want to give you to jack lew.stion how would you frame the nation's , our risks this year as you speak to jack lew. >> we were talking about the chaos. about how much -- it takes a very long time to make things work. it takes a much shorter time to break them. jack is very worried about someone who was secretary of the treasury and spent so much time wo

david: emma chandra is here with first word news. emma: thank you. north korea has agreed for the first talks with south korea in years. the winter olympics are being hosted by south korea in february. north korea has assigned a delegation to the games. environment to ask the trump thenistration's -- fight trump administration's plans for offshore drilling. the obama administration gave up on drilling rights. in the u.k., productivity rose in the fourth quarter by the most in more than six years. still, british products is barely higher than 10 years ago. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. i am emma chandra. this is bloomberg. david. david: thank you so much. time now for our "daybreak" first take. first up is of course a jobs day. second, continuing the new year tear, and third, the chip program has affected apple. alix: joining us now is carl riccadonna, the head of economics, and another guest from bloomberg news. 190,000 jobs is where the consensus sits for unemployment road. -- r

emma chandra has the first word news. emma: let's get you caught up on the headlines. the united nations calls president trump's remarks about immigrants shocking and shameful . he is said to have used foul language speaking to lawmakers about why the u.s. accepted immigrants from haiti and africa but not places like norway. president trump will not say whether or not he has spoken with kim jong-un. he refused to comment but says he probably has a very good relationship with the dictator. a germany, there is preliminary agreement and four months of political stalemate. according to people familiar with the discussion, chancellor angela merkel and the democratic party have attempted to form a new government, using more government involvement in education and changes to health insurance but no tax hikes. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david: it is our top story right now, bank earnings. jpmorgan just came out with their results and it is a little bit complica

i am emma chandra. this is bloomberg. david? david: thanks very much, emma. served as the ambassador to mexico under president george w. bush. he understands the mission unlike few others, having been a judge in a texas border county, and being from grandparents who immigrated from mexico to texas. he joins us now from mexico city, where he is based. mr. ambassador, thank you very much for coming back with us. amb. garza: you bet, david, my pleasure. thed: you were a student on mexican integration into this country. of us your take on the wall and the dreamers act. on the dreamers act, you are looking at an issue that has brought support in the united states. mid to late last year, 80% of the people in support or in favor of the daca act. a pollly, fox news did in september and found nearly 63% of trump supporters supported it as well. i think there is broad political support. unfortunately, things have been getting caught up in the politics as late, and from 800,000 to one million young dreamers, that creates such a level of uncertainty. i understand today,

emma chandra is here with first world news. ogress in the first high-level negotiations between the two koreas in years. agreed to hold discussions on military issues with the south. kim jong-un' team will send a delegation to south korea. for the next month's winter 11. the trump administration regulators have rejected a plan to bail out the coal industry. andosing subsidizing coal nuclear plants as a way to keep power dependable. no,latory commissions said it has asked great operators for their ideas. arealoyment in the euro has fallen to the lowest level since 2009. the jobless rate fell. in line with estimates. one more sign that the euro area economy has gotten stronger. last year's economic growth was the fastest in a decade. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra, this is bloomberg. alix: thank you so much. the waltons family is the powerhouse behind walmart. family members are making a new investment in foodmaven. a new startup creating

here is emma chandra. emma: four progress in the high-level negotiations between the two koreas. north korea and south korea agree to hold military talks and further dialogue. kim jong-un's regime said it would send a delegation to south korea's winter olympics. president trump is discussing how he would -- lawyers are discussing how he would in -- mandalay interview with special counsel robert mueller. the post says the president's lawyers are considering how to set limits on any interviews. energy sector -- secretary rick perry had proposed subsidizing coal is a way to keep power grids dependable. the federal register a commission said no, instead it has asked grid operators for their ideas. the wall street trader who became one of bitcoin's biggest champions is starting a merging bank dedicated to cryptocurrencies. company to list his new in canada. global news, 24 hours a day, powered by over 2700 journalists and analysts in over 120 countries. i'm emma chandra, this is bloomberg. mark: coming up on bloomberg markets, a bloomberg exclusive with saudi arabia's top market regul

emma chandra has more from new york. ryan zinke may have given ammunition to opponents of offshore oil drilling. less than a week after unveiling drilling in coastal waters, he said that florida would be exempt. that appears to circumvent the process laid out by federal law. florida's governor opposed drilling plans. he is expected to run for the senate this year. european union's foreign minister says an agreement curbing iran's nuclear deals continued. -- the deal is working and the eu remains committed to making sure it is a limited. they spoke after talks in brussels between ministers -- ministers from the u.k. and equivalents. in paris, armed robbers made off with millions of dollars in jewels. three suspects have been arrested but to others got away. french media estimates the stolen merchandise could be worth as much as $5.4 million. nothing has been recovered so far. global news, 24 hours a day, powered by over 2700 journalists and analysts in over 120 countries. this is bloomberg. vonnie: coming up, jumping ship.

i'm emma chandra. this is bloomberg. mark: coming up on bloomberg markets, we are awaiting the weekly data. crude gaining ahead of the release that more than three year high. vonnie: ceos at ces. we speak with tim armstrong about the shifting media landscape. this is bloomberg. ♪ mark: i'm mark barton. vonnie: i'm vonnie quinn. this is bloomberg markets. let's turn to u.s. politics and the intense fights over immigration policy. the white house reacting to an order from a federal judge to continue the daca program. sanderscretary sarah saying "we find this decision to be outrageous especially like the president's successful bipartisan meeting with house and senate members at the white house on the same day." join us for context from washington is bloomberg's white house reporter. where does this might go next? >> it really will depend on what the white house in the present legal team decide about how to challenge this. you can be assured that they will not just take this ruling from the ninth circuit court. i have tried

i am emma chandra. this is bloomberg. shery: thank you.ctivist investors had a busy 2017 with campaigns that u.s. corporations. activity, thek in global central enterprise and that at columbia has a goal to determine which publicly traded companies are likely to be targeted by activists investors feared joining us is sam palmisa no of the center for global enterprise and harvard business school's shane goodwin. study?at drove this have you been hearing more from board members, managers? sam: what really drove at a couple years ago was what drove the research. there was a lot of discussion going on in boards i am involved with, fund managers, etc. if you step back from the conversation, it was not much qualitative, it was -- quantitative, it was qualitative. we figured the best way to think about it was put together an analytical, fact-based approach about what is occurring in the space. shane was kind enough to join cg and do that. we went back to 1995, every engagement from 1995 forward to today. there were 800. last year, there were over

i am emma chandra. this is bloomberg. mark? you.roducts are at risk and the company says the iphone, ipad, mac computers and television system are vulnerable to exposing data like passwords and encryption keys. apple says they do not know about attacks against users and are releasing patches to mitigate potential damage. our bloomberg tech reporter is here. these patches are not going to harm performance, we are led to believe, is that true? >> we have to take the company at its word at this point. we have not run a performance test yet that is a concern for older machines, older windows machines running inside a lot of businesses and government agencies that some of these patches will slow the performance down. this is a vulnerability that has been found, but it is aimed that there are hacks and malfeasance that has been going on. apple uses intel chips inside its mac computers. in its ios devices, iphone, ipad, eight makes -- it may design its own chips but it uses an architecture from arm, so this gets a building block of the cor

i'm emma chandra, this is bloomberg. alix? alix: thank you, emma. for the dollar, you get a reprieve from five days of selling, and that is a weaker dollar, euro-dollar. take a look at the dollar index. it is bouncing off some undersold levels. the bottom panel has to do with the rsi, and the green line is where green is oversold. we are bouncing above that. 91.89 is where we sit on the dollar index. did you buy the dollar? >> not really. look, i think it depreciated by about 8% last year. it will not we can buy as much year. the fed is still hiking, if you look at the bond market since the start of the year, the yield is heading higher the.dollar should not follow the yield completely, but the preshow -- pace will be slower. they were talking about bonds are not in the bubble. year will stay0 lower. one, transparency of the fed chair, too, lower volatility of inflation expectations, and 3 -- can the same be said about the weaker dollar? vassili: we would agree with that view. that would imply a relatively flat yield curve, which is what we expect.

i'm emma chandra. this is bloomberg. david. certify theme deal, saying as i have said many times, the iran deal is one of the worst and one-sided transactions the united states has ever gone into p are we welcome the man who negotiated a good part of the iran deal when he was secretary energy p before going into government, the theoretical nuclear physicist, ran the department at m.i.t. and is now part of the nuclear threat initiative, dedicated to avoiding the use of weapons and mass destruction. obviously, president trump is not a fan of the deal. why is he wrong? why is this a good deal? passes objectives are to make sure, verifiably, that iran does not have a nuclear weapons program. international community has a great deal of distressed historically. it imposes significant .onstraints on what iran can do peaceful nuclear program for 15 years. the heart of the deal, and this is not understood enough, the heart of the deal are unique verification measures that go well beyond those that any other country a subject to. that or

i'm emma chandra. this is bloomberg. mark: coming up on bloomberg markets, president trump is back in washington, facing contentious battles over issues like spending and duration. we are live -- and immigration. we are live in d.c. ♪ mark: live from london, i am mark barton. vonnie: and i am vonnie quinn. january shaping up a busy month in washington with another looming deadline for funding the government and president trump focusing on new parts of his agenda. joining us now is our chief washington correspondent, kevin cirilli. any idea what the president will turn two, first? -- turn to, first? there are some priorities, correct? kevin: i have spoken with several sources who tell me that the president wants to focus on infrastructure. that said, those deficit hawks that were quiet during the tax battle are not going to be quiet during infrastructure. several members of the house freedom caucus have said that they want more details about what infrastructure will mean. the president's chief of staff general kelly was s

i'm emma chandra.oming up, a new twist in the very public break between president trump and steve bannon. responses, rebukes, what it means for the gop and potentially markets. next. this is bloomberg. this is bloomberg. ♪ is bloomberg. ♪ mark: live from london, i'm mark barton. york, i'md from new vonnie quinn. another public twist in the very public rate between donald trump and mark bennett -- steve bannon. for cease and has been sent to the publish ller of "fire and fury. -- publisher of "fire and. ." josh, also the author of a book about steve bannon, the devil's ."rgain thanks for joining. first off, it's not clear if this season and desist letter will result in the book not being published later in the month. >> it's hard for me to imagine that would happen. the book comes out next week and there are already copies at booksellers. it's not clear to me that there is any legal standing for trump 's lawyers to win this kind of argument. in the short-term the only affect this is going to have is to

shery: thank you, emma chandra.ir of house members have reached a compromise on deferred action. represented in will hurd and pete at your -- pete aguilar. with us now from capitol hill is congressman heard. thank you for your time. we heard this morning from president trump that representative bob goodlatte was also coming out with an immigration bill in the next few days. how would your proposal work alongside congressman good length proposal's -- congressman good length -- good last -- done by a democratic majority in the house and senate. it's time for a new plan and our plan is a bipartisan way to give a permanent legislative fix to kids who came here and we do it while we secure the border. i have more border than any member of congress. i spent almost a decade as an undercover officer in the cia. it's about time we use smart solutions and every tool in our toolkit to secure our border and we should be taking the input from the men and women on the ground in order to learn how we should be securing that and we

emma chandra, thank you for that. off today, the annual event attracting much of the tech world who gathered to chat industry trends and show off new gadgets. one tech giant unveiled a product from headphones to a high-end oil in dtv. we're going to send it to san francisco where bloomberg's emily chang is standing by with more. joining uso hirai from las vegas. thanks so much for joining us. sony continues to drive smartphone and televisions. the playstation is still the main driver. what is your consumer electronic strategy beyond playstation? beyond playstation, which is obviously an important part of our business, we plan to grow well as ouress, as smartphone business. making sure becomes entry on the higher end part of the market. for example, in the united states for the market, $1500 for tv, we have a 30% market share. the newou have launched department focused on ai and robotics. you have been talking about ai. is your goal to surpass let's say, google and amazon in ai? i think our goal is to make sure we work

i'm emma chandra. this is bloomberg. david: time now for our daybreak first take. bond markets reacting against news out of china. second, oil is up, inventories are down. a big month for u.s. trade policy with crucial negotiations on nafta and deadlines for actions on china. alix: joining us now, and hammond and gina martin adams. over the last two days, this was the move. 11 basis points in two days. then you get the 10 year option, solidly bid. now, it's all about buying the dip. market, ithe bond was a lot more exciting within the equity market. we definitely saw financials move on account of what was happening with the bond market. net-net, stocks are pretty flat over the last two days. not a lot of action on the top line. a lot of volatility beneath the top line. david: china came out overnight and said don't go so fast. --on't want to read too much is there a chance that china is having its cake and eating it, too? >> it's interesting. what exactly are they calling fake news? the report said this is something they

emma chandra is here with more. why the disappointment? : the prices have mostly benefited from an easy year ago comparable. this chart shows they had fallen % in the fourth quarter of the previous year, and the forecasts are not looking really good. they looked at full-year adjusted eps in the middle of its range, shorting analysts' estimates, and expecting a non-cash charge for the fourth quarter, and due to the longer upgrade cycle for a number of devices. we have seen analysts say the holiday sales look good, but overall, it does not look that good. and at loop capital, they cut their price target for gamestop. scarlet: emma chandra, thank you so much. you aree will miss you, glowing. you look amazing. scarlet: emma is going to take some time off to be a mommy. [laughter] scarlet: let's get you to the bloomberg business flash, a look at some of the biggest business stories in the news right now. more industries are facing trouble in 2018. according to loan market data from highland capital, moore industries are weakened or stress this y

emma chandra has more. emma: stephen bannon is trying to get back in president trump's good graces.leased a lengthy apology for suggesting he lived with russia. this came in a behind the scenes book that question president trump's fitness for office. allies appeared on talk shows to defend him. years.vel talks in talks will be focused on north korea sending delegations to the olympics in south korea. at the same time, south korea will keep from underlining the u.s.'s hardline for the north. theation agency has raised death toll to 64 and eight of a boat sinking. be a telling coast guard has rescued 86 people. jfk problems at new york's airport following a storm flooding at a terminal caused flight delays. it has left thousands of passengers stranded and others had to search for mountains of bags for their luggage. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. chandra. this is bloomberg. mark: china liberalized its control of the banking sector. bloomberg' bloomberg about the plan in china. >> we started discussions with an

i'm emma chandra, this is bloomberg. mark: the once mighty u.k.onstruction giant carillion has collapsed. it had government contracts from hospitals to high-speed rail, failing to get a government bailout. carillion has $2 billion of debt. the share price has collapsed in the last year. it is so nice to play the blame game but let's play it. who is to blame? >> the blame game is happening. both sides deserving the blame. the government for presiding fragmented contracting market where price, the bottom line is everything. not enough attention is paid to this supply chain. the other side will be carillion itself, to aggressively bidding for contracts with the incentives for the board, all about excessive growth. mark: should the government have awarded further contracts in the wake of the year where we saw three profit warnings and the share price plunged. what message does that send? >> it is a concerning one, it suggests maybe they do not know the full picture of the health of carillion or did know and are just hoping to put in the right continge

i am emma chandra. coming up, stocks are up. still be value from insurance to technology. we look at the sectors. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. i am julie new york, hyman. stocks rising in the u.s. to records, and in europe. joining us is the global equity hsbc security. looks like potentially more upside from here, though not as big of again as 2017, which seems to be the consensus. with this momentum, do you rethink that irma or do you think it will moderate? -- or do you think it will moderate? >> i think it will moderate. i do not think he will see a repeat of the blowout from last year. strong earnings growth, double digits will be delivered. the question is, what do you pay for that? was central banks paying for a interestg, raising rates, whether it be the ecb, the bank of england, or the fed, where you going to pay for the multiples? we're seeing a big beginning of the year reallocation from local investors and retail investors. a lot of growth momentum, oil prices, $70, that is fueling the beginning of the year rally. julie: the

your check swing what is going on is emma chandra. >> peoples facebook newsfeeds will give it back toom friends and family, away from businesses in media outlets. the key point by mark zuckerberg making the says by changes, i expect the time people spend on facebook and some measures of engagement will go down but i also expect the time you spend will be more valuable. the idea of less time on the site means maybe fewer ads. that could affect revenue, and that is what has wall street a little worried about. we have seen a mixture of analyst reactions looking at that. some of them have said this is bad news. we have seen some downgrades on facebook, others say this is a buying opportunity. shery: of course, at a time when facebook has been embroiled in this controversy of fake news. does this have anything to do with that? >> it does. and analysts said that this was a recognition of the issues they face regarding toxic content. people are frustrated with the fake news, russia revelations, and we have seen them stop engaging on facebook. we have not had much of a reaction from washingto