there is still fx to come. three years ago, yen was 110.pite the china slowdown, it would benefit from fx base. i still like topix. overall, it has pulled back a lot and i discussed with him before. i think the pullback from semi has been done. >> i would actually like to dig deeper on novo nordisk. >> sure. >> tell us your thoughts on the company for this new year because you highlighted the recent pressure we have seen for the stock you think is short lived. ultimately, the big expansion and gain for novo nordisk was back in the day when they actually announced the first progress with glp-1 drugs. is this now being capped? >> the concern is lily will take share. the glp-1 was disappointing. eli lilly was up 5%. the concern around not concern with obesity market. it is novo nordisk will lose share to eli lilly and their drug is not as good as zepbound is the marketing name. i disagree with that. i think generally speaking, it will still remain a duopoly. one in eight american adults is on glp-1 drugs. we expect that to continue. with that

one thing is for sure, fx volatility, something we have to get used to under the trump administration, focusing on what we see from the boj as well, a big speech by the deputy governor seen as the last chance to telegraph to markets a hike next week. ultimately he said the board will be discussing one but that is far from actually pulling the trigger. markets aren't convinced. bond markets are a bit more convinced of a hike for the boj or hikes, and the selling continues, part of the global selloff, the yield on the 40 year hitting levels we have been seen since its debut -- have not seen since its debut. tom: hmmm, thank you very much -- avril hong, thank you very much. the latest trump tariff report, a gauge in terms of the market reaction. with dollar down and bonds up now, does that make sense to you given the reporting? >> the conclusion the market is taking from this leak on gradual tariffs is it isn't afraid. it seems to welcome it. equity markets in the green on the dollar softer on the back of this leak. maybe this is the trump administration floating a trial balloon to the m

the finance minister they were focused on fx moves. paring some of the heavier losses, down .1% versus the dollar. brent at $76 a barrel, bitcoin back over 100,000. let's get across now i'm once happening in the asian markets. avril hong standing by in singapore. >> the asian stock gauge running higher but it's a mixed picture if you look under the hood. the chip names are doing well thanks to jensen huang and nvidia, the likes of tokyo electron surging and helping the nikkei to these out performances as we see the bank stocks also lifting the gauge helped along by the export related counters given the week yen but on the hong kong benchmark it's the underperformance as two of the biggest stocks in the greater china region get put on a u.s. defense department blacklist and have denied any links with the chinese military but down to the lowest level since mid-september and it's a benchmark heavyweight so is dragging. the hong sing responsible for the 2% decline. the japanese yen had its weakest level against the greenback in six months,

it has accumulated a stockpile of fx reserves and has made a profit on that as well as its gold holdingsll. so it's able to return some money and some of that profit to the state and also the individual regions as well. making a profit for 2024 and it will be able to resume payouts to state coffers. it will be making a payout of 3 billion francs to the federal government for the first time in three years and also paying a dividend to its private shareholders. so gains coming through for the gold positions of the swiss national bank. some other stories making the news this thursday, advisers to president elect donald trump or to be considering michelle bulman as the next vice chair. the current terrible step down while maintaining his seat on the board of governors. they begun drawing up a short list of potential replacements for fed chair to rome powell whose term ends in may 2026. a tentative deal has been reached with operators for a new six-year contract, avoiding a possible strike. the agreement guarantees union jobs when certain technologies are implemented, including a semiautomate

jane foley is head of fx strategy at rabobank. to the year for the likes of you and others within financial markets to follow the uk economy? it markets to follow the uk economy?— markets to follow the uk economy? markets to follow the uk econom ? . . , economy? it certainly has. it was... there _ economy? it certainly has. it was... there was _ economy? it certainly has. it was... there was a - economy? it certainly has. it was... there was a lot - economy? it certainly has. it was. .. there was a lot of- was... there was a lot of terminal last week and the uk government bond market, if you look at that, it ended the week off its was level so a little sign of stability but i think the market in the uk still quite nervous, still quite vulnerable if it were to get bad news. the market watching very closely. notjust bad news. the market watching very closely. not just the political developments but also the economic developments as well. the economic data that we have this week as well.- have this week as well. looking at the econom

kathy lien is managing director of fx strategy at bk asset management. kathy, the gazillion-dollar question is when is the dollar going to stop strengthening? >> i think it's going to come if the forum of weaker u.s. data. that's really been the singular support for the greenback, because we've got, you know stronger data, basically, reducing the chances of any meaningful interest rate cuts in the federal reserve this year, only 50 basis points is what the dot plot is telegraphing. so until we get some consistently weak data, maybe in non-foreign payrolls, maybe in ism services this week, i think that the dollar up trend will remain in place. anything that could cast doubt on the outperformance of the u.s. economy will pose trouble for the greenback. >> i think that's a fair point. but right now, it seems like what's happening is we're seeing global currency adjustments based on anticipation of tariffs, as well, don't you think? >> yeah, certainly. today, the greenback, like you said, in the stock market, moved or erased some of the prior moves on the ba

on the comedy side, fx's the bear leads, following with only murders in the bidding and shogun with fourost is ni kki glazer. it airs tomorrow night here on kpix and streaming on paramount plus. >>> i think that's going to almost do it for this show, but we'll ring touches of black. they say a lot without having to say much. they stand for elegance. refinement. and prestige. even a little can go a long way. and though they're darker than the darkest night. they make you see everything in a new light. the kia x-line nightfall collection. ♪♪ dr. charles stanley: and the son of god, jesus the lord, said, "i am the way, the truth, and the life. no one comes to the father but by me. the kia x-line nightfall collection. therefore, go into all the world, teaching and preaching the gospel to every single person, at the remotest parts of the earth." male announcer: in touch, the teaching ministry of dr. charles stanley.

hitting, obviously, the physical commodities, but also the financial complexes like interest rates and fx and credit as well. and seeing that resilience in the clear space. a year later we saw, you know, the invasion of ukraine by russia and again, a direct impact on commodity prices so as i thought about the agenda when i was confirmed as a permanent chair in 2022, what do we need to do to strengthen our markets and not undermine what they've proven to be which is resilient and effective. we worked around, as i mentioned in my prepared remarks enhancing customer protection and management and focusing on cyber and data and ai, and the speech didn't require major market reforms for structure reforms, since it's sound. it was really just surveying my directors, my leadership team and saying, where can we tighten up the rules that are otherwise maybe slightly weaker than we want and to strengthen markets and build consensus with both the commission and stake holder community that we could get this done. now, this is my thought in 2022 when president biden puts me as acting, very cautious abo

thierry wizman on the fx market. euro-dollar amount 103.th and mark cabana. another hour of "bloomberg surveillance" is up next. ♪ lock in let's go. rated e for everyone. [rock and roll music playing] xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards. >> this looks like a time of both opportunity and risk. >> the context in which the economy is set up for 20 25 under a trump presidency is beneficial for small, medium, and larger-sized companies. >> the tech sector is going to perform fairly well. >> i think those companies are performing well for a reason. >> expect another strong year, just not to the extent of 2023 or 2024. >> this is "bloomberg surveillance." jonathan: looking to arrest a five-day slide on the s&p 500, we are bouncing back by .2 per 5 -- .25% on the s&p. adding the ground running as we kick off 2025. we are looking ahead to payrolls friday oh we today. on january 10. on january 15, cpi data. on the 20th, inauguration. at the end of this month an fomc rate deci

so a rush of uh, like fx a show is that like a fix know that i would towards the northeast corner. meanwhile, no sign of any help as far as those files are concerned that i sent and wins due to set to pick up over the next couple of days will the same? is it going to wednesday night at low pressure for the race though that's pulling out into the atlantics across the weather, coming in behind? will the wesley direction look at a temperature one celsius and when he pay? so when i get 20 degree wise in temperatures in just 24 hours, but other sol south, we have got some live mission. i was the just into the deep south of the us, one or 2 showers to into uh, mexico. scattering the showers into the cap and not too much, so we'll see what the weather is, the pushing down to the wind. what's the on the course thing? i'll just say a reminder about top stores. so us present, joe biden says that a ceasefire. johnson is on the brink of completion. us envoys is very officials on us target capital fund. these red is escalating and fixed income, 50 people killed since the one is where the forces of killed

the building was designed for fx collaborative architects.e biggest bird killer in new york city, the javits convention center, six blocks of pure glass. >> we used a material called frit on the glass which is a bunch of dots that are kind of baked on. and the collisions were reduced by more than 90%. >> reporter: in 2019, new york city passed an ordinance requiring all new buildings to be built with bird-friendly glass. san francisco, toronto, and washington, d.c. have all passed similar legislation. and mccormick place in chicago? they've now installed those safety dot stickers. is it conceivably possible that 50 years from now, flacco free in new york city might still be flying around? >> i like to thank so. i think we're on the right track in terms of the laws and that people are starting to understand. i hope so. >> that was david pogue on bird patrol. you're watching "cbs news roundup." would you be a superhero or a supervillain? hmm... superhero. superhero? ok. i joined the military for my kid. i was always gone. everyone's vaping, con

that's mainly been traded by the fx market in the dollar index hit fresh highs overnight and we have heard many other comments about terrorists, one of which being last week we heard from governor waller saying he does not think tariffs are inflationary. maybe they are getting more excepted by the mainstream. we heard from jamie dimon, maybe throwing his hat in the ring for support for these tariffs. >> they are a tool that could help resolve things. unfair competition, national security issues. any tool that is missed use can do damage. >> so watch out for any further dollar strength if we get further links -- leaks on the tariff story seven days away from inauguration day. >> jamie dimon giving his views on tariffs. valerie tytel, thank you. ubs's president and head of global wealth management says it will be key for clients to diversify investments amid political tension and economic instability. he spoke to us exclusively at the ubs greater china conference. >> we have started to see a commitment of china towards the economy and we have started to see that economic policy come to

there is some interesting stuff going on in the fx market. a lot of bank dealing deaths saying there are leverage accounts piling into bearish downside puts when it comes to the cable currency. and if you look at risk reversals within the currency pair they are at the most bearish within two years. >> thank you very much indeed with the set up ahead of nonfarm payrolls later today and the gilt markets continue to be in focus. to china, where the central bank is to suspend buying government bonds as yields fall to all-time lows and traders bet on weak economic growth. let's bring in mark cranfield. how are investors reacting to this news? they will be suspending the purchase of bonds. >> this is not to impress they have taken the bond market down a few pegs today in china and its dangerous territory. central banks as a matter of course are heavily involved in the bond markets in money markets daily and traders expect that transparency to continue and to be part of the general performance of the market so when the central bank suddenly says we

thinking about how this story has played in the fx space, let me show you how we are moving across theurrency space. the euro/dollar. we are marginally lower sense the u.s. dollar. sterling, we are down .60% again, the greenback at 1.22 let's see how this will develop and nonetheless, i want to discuss this in more detail with our next guest james carter, portfolio manager at investment management james, great to have you on the show at a moment when fixed income is dominating the headlines, really. i would like first and foremost what is looking at in the uk we are looking at levels for the ten-year gilt we have not seen since 2008 explain to us what is happening here. >> in the context, it is not just the ten-year. it is the 30-year. back in 1998, you could not google how high the yield was because google did not exist the differential is 4% you compare it to s, you have to go back to the fall of the berlin wall to see a larger yield differential on the uk it is an incredible move it's a move driven by not only a change since september and expectations for inflation particularly in t

of the organization that's not part of the organization or part of the whole genre and to go in and fx personal issue for me my father was an fbi agent i have e always papers his induction and release patient papers. i've always been a huge fan of the fbi. mark: me too. >> have never seen fbi like this before politics is affected from head to toe. there are wonderful special agents out there still who very much resent the way the direction the agency has gone. i need to be cleaned up without any question. and frankly has to focus on its job there's a lot of serious threats out there right now we cannot keep playing politics and awoken us and that type of thing within this agency. mark: and also, david schoen, what would you consider to be a few party to the department of justice? i really cannot tell the properties were other than to get drunk. it's a big department but twith thisantitrust, civil righ. marshals all under the tutelage of the department of justice appeared on their priority semi- consider pursuing? their existential threats out there even way back when my father worked o

as for television, fx's "shogun" took home four awards winning in every category it was nominated forstars. max's "hacks" was another double winner, the story of standup comedian and her prodigy picked up for best tv series, musical or comedy. and adrian brody was named best act or in a drama who brady cori did the corbitt won best director. >>> drivers will now pay $9 to access the busiest parts of the city below 60th street below peak hours. the toll is the first of its kind in the united states put in place to reduce traffic gridlock while raising funds to improve the city's aging transit system. >>> we'll turn back to politics news as congress is set to certify the 2024 presidential election results on this fourth anniversary of the january 6th capitol attack. becca ballant of vermont will join us to weigh in on the process. "way too early" is coming right back. "way too early" is coming back serious side effects include increased ketones in blood or urine and bacterial infection between the anus and genitals, both which may be fatal, severe allergic reactions, dehydration, urinar

on the tv side, fx, the bear leads with five nominations.ollowed by, only murders in the building and show gun, with four each. this year's hostess comedian nikki glaser. the golden globes airs at 5:00 p.m. tonight right here on kpix and streaming on paramount+. >>> welcome back. time for a look at the days top stories. dungeness crab season is underway after months of delays. fishermen are eager to haul in crabs but with missed holiday markets they say prices may go up. restaurant owner say they plan to serve fresh, local catches by monday. fishermen say they are hopeful for a good season in the months ahead. >>> the santa cruz wharf is reopened 12 days after a massive seas will cause a 150 foot section 2 collapse. city officials deem it is safe after review, concerns persist about the aging structure. the mayor says rebuilding may not be feasible . >>> in san francisco, mayor elect daniel lurie is hosting neighborhood cleanups ahead of this week's inauguration. on saturday, he had about 100 volunteers were out in ingleside and other parts

rather have more exposure to companies that do not have to manage through their own dollar exposure and fx. so again that's another opportunity for small cap to shine. >> very interesting point. okay. julie, thanks very much. and we are going to take a quick break. coming up, no deal. president biden nixing nippon steel's bid to acquire u.s. steel. the saga isn't over. the twists and turns next. >>> first, we will talk about ford. shares revving up as new car sales hit a five-year high. we will give you the numbers and how to trade them next. >> announcer: you're watching "fast money" here on cnbc. we'll be right back. uh... - right? - mmm... this store doesn't have agentforce, so an ai agent didn't tip off the stylist as to what i might actually wear. - yes. - oh. that's a commitment. [glass knocked] hey bud! whaddaya think? you know, people can see you out here. ha ha ha ha, yeah, yeah, right, right, ha ha. love you, too. agentforce helps retailers prevent fashion fails. it's what ai was meant to be. ♪♪ it all started with a small business idea. it's a pillow with a speaker in it! that's

just don't bring the kids for sunny when their episode airs this season on fx. >> no no no.ld say you're good. okay. yeah. otherwise, they should watch abbott. >> alicia vitarelli, abc seven news. >> and the big crossover event is tonight at 830, right here on abc seven. that'll do it for abc seven news at 4 p.m. i'm julian glover, abc seven news at five is up next. get out of the house. where are the car keys?

looking at the fx market, five weeks of dollar strength.eakness going back to february of last year. euro-dollar up by more than 1%. the washington post story, really can't get around that this morning. lisa: a targeted approach on tariffs that europe would be spared at least a significant headlines some people were worried about. jonathan: equity futures up across the board. with your bloomberg brief, let's crossover to dani burger. dani: details from that report from the washington post, exploring a universal tariff, it would only cover critical imports. trump aides are still discussing a plan to impose this on every country. it would include the presidential campaign where he called for tariffs as high as 10%-20% on everything imported to the u.s.. prime minister justin trudeau set to announce his resignation it could come as early as today. it would trigger a race for the leadership. justin trudeau has been under pressure from lawmakers in his party. scrutiny grew after his finance minister quit. at the golden globes, brutalist and amel

i don't think that can happen until this clearing moment in fx is upon us. lisa: this is a fascinating point of time where people are looking at that level of the dollar strength becomes a breaking point. it is interesting at a time where people are saying a strong dollar could impede some of the earnings for u.s. companies at a time where that needs to hang in there for this american exceptionalism story to continue. how far away are we from that moment? >> i think the irony about -- i think maybe the irony of the america first policy is creating change in other parts of the world. look at canada, germany, u.k. that to me is the irony. does that set the stage for a robust may be second-half in parts of the world? with respect to the dollar, we did some work last week, the three-month rate of change in the 95th percentile right now. you have not seen great forward s&p returns over the next six to 12 months from that condition. i want to be mindful of that. i also want to be aware, everyone i know is a dollar bull. it has pushed to the extreme here, particula

fx's shogun and the bear have a bunch of nominations.ff. lot of good entertainment out there. >> rebecca: gotta watch more. >> will: i know. every time award season comes around i'm like, i'm so behind. >> rebecca: thank you, will. you can always catch up. that's the good news. coming up next, the band is back on bourbon street. we will hear more music soon. in the history of this company. our message got out, he said we're famous. all of us equally or one of us is like the star? what did you see? my outie's wife was miss casey. ♪ if you want to find out what happened to her, i'll help. ms. cobel: she's still alive. you should've left. i want to see my wife. ♪ -we're done. -what about these? looks right. nooo... nooo... quick, the quicker picker upper! bounty absorbs spills like a sponge. and is 2x more absorbent so you can use less. bounty, the quicker picker upper. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need, and the flavor you love.

economy, i think this is going to be more directed to the fx market itself.he rest of the world. it's not great for asia or europe, or even for the u.s. i think a big piece of it, what is the northstar of the trump economic policy, and while there is a lot of focus on tariffs and other things that are creating a lot of uncertainty which is building into the risk premiums, i think that the met trump once, and we are already talking about the midterms, you cannot eliminate the u.s. trade deficit with the overvalued dollar. so the more panic the dollar creates, the more the u.s. economy looks exceptional, the more you need to have some kind of currency. the more you need to find a mechanism and a way to reduce the value of the dollar, which will require cooperation. so with the endgame here is some kind of cooperation and the means of getting there is the tariffs, is the uncertainty, is the unpredictability to get to that place where you want to create a bargain, that is where you can go in six months to get a weaker dollar. lisa: i'm just thinking about the mar

jonathan: and you have the fx decisions or company that want to be president in the u.s.ome on the program and said there are a ton of companies looking to increase their presence in the united states? it is difficult to draw a conclusion about what this means. we will sit here in 12 months and say that was obvious. it is not obvious at all. lisa: i don't think we are going to say it was obvious. if anyone is, happy new year. looking forward to a happy new year in 2020 six. -- 2026. jonathan: up next, will kennedy as russia and ukraine end five decades of gas transit to europe. that is up next. ♪ jonathan: thank you to the team at bloomberg for this stat. the year ended with a four-day losing streak, the longest to end a year since 1966. who knew? we are bouncing back this morning. the nasdaq up by 1.2%. two hours away from the morning bell. let's cross to manus cranny. manus: i think 1966 had something to do with england and the world cup. nippon steel, anemic. there's a hail mary of a deal that's come across the table. we will let you decide what level of production we

jonathan: fx market. euro-dollar breaking 103 again.th is making a comeback off the back of these moves in the bond market. off the back of the pushback to washington post stories this week about the potential watering down of tariffs in the incoming administration. lisa: all roads, economic data that's been surprising to the upside with jolts and i and him services -- isn services or tariffs that -- ism services or tariffs, investors are pushing back expectations that cut rates later this year, reducing the space increasing inflationary pressures and that's why the dollar seems to be an ongoing haven for people. jonathan: the ism services print got this moving yesterday. adp at 8:15 eastern time. we get jobless claims 8:30 this morning. payrolls this coming friday. coming up, we catch up with mike lawson, rob casey and congressman mike lawler. we begin with stocks steady and investors taking stock of an equity and bond market selloff in the last when he for hours. mike wilson says equities are rate sensitive once again, another reason

he's at his las vegas into club residency at the fx live theater at planet hollywood resort and casinoelcome. >> hey, how are you doing, man? >> good, man. i'm out here in good spirits, man. >> vegas. i see y'all got the rain going on, but it ain't stopping nothing. >> no it's not. and guess what? we want to do a toast with you. because i think we're all drinking your champagne right now. cheers is this your own champagne? yes. whoa well, you didn't do it. >> no, you didn't. i need to know. i don't know what that is. you're about to perform tonight at your vegas residency. how has it been so far? >> yeah, it's been amazing, man. there's three more shows left. >> but tonight, definitely a special night. you know, the ball dropping and everything. everyone's excited. you can feel the energy. >> you know, there was a famous episode of watch what happens live that you were on. when i asked you how much you had in your pocket, how much money you had, and you whipped out $10,000. i am so curious. 50 cent. how much cash do you have on you tonight? >> i got i got money in every pocket. >> what

newly elected insurance reforms unknowing in fx to making sure that they are more stable and predictablees expand and maintain coverage in a high wildfire areas in their going to use forward—looking catastrophic models and incorporate the reassurance cost in the way making, which my department tojust cost in the way making, which my department to just finalised in december. weiss is important for our residents? it is is in december. weiss is important for our residents? it is sure that california's inner wildfire prone areas retain access to insurance and ultimately lowers the cost. without these measures, is yours companies may continue a nine renewals and leave them a continuous is greater risk of nine a shows a total loss of coverage. even in these devastating wildfires, i am confident that these reforms will keep us on track to modernising our insurance market, encourage insurers to return and expand in california and protect the solvency of our marketer. we remain the largest export market in the lake is —— regulation, fourth in the world. —— ensures market in the world. —— ensures