we are joined by gina martin bostick. romaine

we want to thank gina martin adams and edward campbell. great stuff. that does it for the closing bell and for me. romaine bostick is stepping in next for "what you missed." toe's plunge as they head think of sick court. ♪ -- head to bankruptcy court. ♪ caroline: now from bloomberg world headquarters in new york, i am caroline hyde. romaine: i'm romaine bostick. joe: and i am joe weisenthal. caroline: here is a snapshot of how the market closed in the red today. however, it was a dive down. joe: the question is, what did you miss? caroline: citigroup offering. worst is over for the fixed income trading unit. revenue plunged 21% in the fourth quarter. pg&e plans to file for bankruptcy after liability for a series of wildfires and lack of leadsne from california the utility company with no other option. and the trade war takes a toll. china slumping exports raise concerns for a slowing economy. first, let's talk volatility or the lack thereof. the vix index has been falling since christmas. today, in its 13th date in a row the vix has fallen from open to

gina martin, thank you very much. is that what you see when you get the law changed?red to stop, right now. it comes after the advertising standards authority found online retailer boohoo had sold this jumper containing realfur — probably from a rabbit, people think — in the pompoms. retailers have been given a deadline of 11th february to change their ways, orface punishment. it's part of a more widespread problem of realfur masquerading as fake fur. well, joining us now is harriet barclay from the humane society international, which complained to the advertising standards authority about real fur being sold as fake. also from the authority is the director of complaints, miles lockwood. harriette, how do you know the difference? there are three ways to tell the difference between real and fa ke tell the difference between real and fake fur —— harriet. i have one with me. if you look at the end of the hair, likea me. if you look at the end of the hair, like a cat or a dog's fur... and i don't know if you can see this on your screen, and i don't know if you can see thi

romaine bostick and gina martin adams joining me later. you can browse the features, powell'sout -- more on pledge for patients. patience. this is bloomberg. ♪ >> this is "bloomberg daybreak." inbevser brewer ab considering an ipo of its asian operations, looking for ways to unlock value after a string of acquisitions left billions of that -- left it with billions of debt. deutsche bank at the forefront when wall street began losing jobs to cheaper cities around the u.s. now, the german lender is taking some of those jobs out of the country, off shoring 50 accounting positions from jacksonville to mumbai. this is part of a larger shift that will see jobs move to india this year. -- average percentage increases will be in the single digits. accounts for more than a third of jp morgan's revenue. powell preaches patience. >> we have the ability to be patient and watch patiently and carefully as we see the economy evolve. we can be patient and flexible and wait to see what evolves. it gives us the opportunity to be patient and watch and see wh

we are joined by gina martin adams. and michael mckee, our international politics correspondent. the top story of the chinese delegation meeting with the u.s. delegation. to get a sense of how difficult it will be we will put of the issues they have to try to address. it is a long list. intellectual property, by china 2025, it goes on. michael: it will be hard to reach a deal. 52 days left in the 90 day target for getting something done. there are some signs of progress. the fact that the u.s. delegation, the fact that the u.s. sense of this delegation suggests maybe they want to make progress, because of a thing before has been a competing faction of u.s. officials from the administration would talk more about who was up, who was down and who was at the meeting, rather than what they were talking about. david: these are sort of worker bees. and if you want to get a deal done, you said in the worker bees. and -- isn't a worker bee. michael: maybe it is a sign that china wants to be serious about this. there is a palm b -- a fallback plan to scale back on intellectual property the

scarlet: let's bring back manager aaron dunn and gina martin adams of bloomberg intelligence. how do you beat this results and what you take away in terms of giving you a sense on how the rest of the tech sector is positioned? >> having texas was one of the first companies to really call out the inventory correction late last year. i think it's going to be a highly watched earnings report. they are a recently diversified company, so i think the fact that they issued weaker than expected guidance -- granted, the stocks have been down substantially -- it's probably not great for the group. we will see what they say on the call behind the reasons for that. last quarter, it was inventory correction. maybe we are not completely through that. weaknessis fundamental overall, but we know global electronics demand has been weaker triggered by china, so this should not come as a complete surprise to the market. joe: i noticed the nasdaq underperforming today and some of the big tech stocks in the red -- facebook, netflix among them. where our expectations and what is the positioning lik

matt: i'm just looking at this chart that i put together with the help of gina martin adams from bloombergligence. taking a look at the biggest bull runs in history. you can really bank an argument that the ragan -- make an argument that the ragan bowl ullument -- of the reagan b argument, can't this market continue to do that, especially if we get things like a trade deal? maybe if we get more infrastructure spending in the u.s. or another tax bill, which has been talked about. kokou: i mean, history repeats itself. if it doesn't repeat itself, it rhymes. how important to look at different the past few years have been. you have monetary policy, expanded the balance sheet to unprecedented level. you see evidence of corporate balance sheet in the u.s. signs whereectively wage inflation is picking up. it's part of the laws of economics to see a slowdown as far as a bearish strong few years of expansion. things can expand, but in terms of probability and odds, is more safe to argue a slowdown is likely to occur. anna: we'll get some details as to whether we hide from the slowdown or make the

joining us now to discuss, mark adams.ck and gina martin what is going to be the scene? the: it's a big feature of tech sector. it goes all the way to semi conductors. you see it and it has been in a sort of doom loop since the summer months in tech. weaknessedominantly by in china, it's pretty clear. but also a number of headlines, fourth not to the being a strong as expected. it really is specific to tech and china stocks. it will be interesting to see today if we still get this buying power coming in. that is what happened yesterday. we saw the markets early in the morning the futures down to what they are today and a value search. this will be a really big test of investor sellers today. if they can overcome the apple risk. it's not abnormal for apple to underperform the s&p 500. stocks still rose in 2014 when they underperformed. but it is abnormal for stocks to fall. alix: does that mean more buybacks? gina: it may, but the problem is that the efficacy drop significantly last year. some pennies buying back shares were punished. buybacks were at a higher rate than t