this is not steven mnuchin, treasury officially, or robert light heiser, the trade secretary, juniorat is good because it means the pressure is lightly. what is at stake is we have the ceasefire until march two agreed by the president in argentina. president trump has said in recent weeks that they are talking about all areas, there are comprehensive talks under way. you mentioned it is $200 billion of trade affected by 10% tariffs on the us at the moment. president trump threatening to increase that to prettify present. there are some good signs, you know, a temporary reduction in tariffs here in china, sales of soya beans from the us to china are back on. there are some good signs. the americans gave china list of some 60 changes last year, these big deals, in —— intellectual property rights, subsidies in major state—owned enterprises, these are big changes the us want. they won't suddenly change and agree on these ina suddenly change and agree on these in a short period of time. now, robin, president trump said china's slowdown might make them amenable to a trade deal. is there an

proposal to add one is highly controversial as the census numbers are used to determine the amount of heiser representation as well as funding that each state gets critics say that such a move would marginalize democratic voting migrant communities and play into the hands of the republicans we asked commentators from both sides of the debate for their thoughts on the judge's ruling. i find it funny that the cio t.v. is finally concerned with the voting rights act after spending so long and trying to basically get rid of it which they successfully did in two thousand and fourteen via shelby county versus eric holder i mean so this isn't about expanding voting this is about a republic can be said is majority white people was worried about browning country afraid about electorate of in a lecture and that is increasingly becoming hostile to a party that is going to extremely hostile to them i mean playlets let's be honest are country of laws not a country of men and their opinions you know who what is right and it the republican and it one hispanics you know how good the bad guy in the president

the focus will shift to the conversations between the chinese vice president and light heiser before the end of this month. >> thank you so much for that. an update on nissan's carlos g hosn. kyoto reporting carlos ghosn suffered high fever and the interrogation has been halted. ghosn has been in jail for about seven weeks. his son says he has been feeding on three bowls of rice a day, he has lost 10 kilos, kyoto saying he is suffering from a fever and his interrogation halted. we will give you an update if there is one later. our next guest believes the reason market volatility ovides an incentive sooner than later. good to have you with us. we have china saying the talks were broad, they were deep. surely the market was expecting more than that. what is the risk of the markets getting disappointed? >> initially in december, they were factoring in there would not be much talk or agreement. there is still a lot to sort out, where as you see in the last couple weeks now, particularly in the last few days, there is rhetoric that a trade deal will be done. that is now getting priced int

and steven mnuchin. -- robert light heiser and steven mnuchin.tt's see if they do during the davos discussions. david: the plot thickens. thank you so much. alix: joining us now from pittsburgh is the senior equity market strategist. do you want to be buying into the rally now? >> it is easy to buy into the s&p 2700 is where you will find serious resistance. be in a trading range all year until we get through some of these big uncertainties. alix: you mentioned that. hipping have some w action. slow him about avoid recession and interest rates peak, there should be room for a risk rally, and any investors who miss out could lose out on the local of returns. -land again?mo >> it's not so much how much progress they make, because the big progress that needs to be made will take longer than a march 1 deadline. particular, avoid a recession and have a soft landing? if it were to fall into recession, it could drag in the breast the world, if not the u.s. that is not emphasized enough and that is separate from these talks. recession andthe you can have

. >> lou: the announcement that robert light heiser, the trade representative will be leading the tradechinese delegation beginning on wednesday and importantly, peter navarro, one of the president's toughest trade negotiators and analysts. what you make of that? >> i think these are great signs. i think people have mistakenly priced in a deal with china thinking we are going to get ts. i think trump would like to get ts for the sake of our economy and the stock market. but, i think he really wants long-term change and will not just take up ordeal to get any deal. the chinese have offered up reportedly big purchases of u.s. exports, more than they have in the past. not any believable promise of systemic change that we need. also, there is a strong feeling in the white house that, regardless of the promises they make, we need to make them fulfill that. we can't take their word anymore. it is a coin toss to see if there will be a deal. >> lou: with china it is not trust but verify, it is verify, verify, verify, as you would agree. and frankly, you get into a negotiation where you are nego

now then in the next week or heiser --sador light leitheiser, ambassador leitheiser and others representing the chinese government are going to get together around one of the things they are going to be talking about, and we hope they will continue on a positive direction, is how we can make sure that the agreements are enforceable and that good spirit and commitment accompanies them. my own view? both countries see a great value in making these adjustments and we are going to support it if we can get there. all right? i will do you next. i will take the woman behind you first. reporter: thank you. heather long from the washington post. at the end of your speech you talked about what we are seeing in the polling data with americans starting to have more support for socialism over capitalism, particularly among young people. i am curious to hear why you think that is happening and what businesses should take away from this seemingly change in trend? mr. donohue: well, i have always thought that it is probably wholesome for children in college and high school and other places to have some sor

we heard from mike heiser using the phrase substantial progress and trump under the table about soybeans. from a financial perspective, that may not be big, but symbolically, it is a lot. >> that is good mood music. not many details on the hard stuff. an attempt to show positive progress and good spirits. lack of good spirits, we have had a fallout of apple and facebook. now it is extending to google. apple is restricting google's ability to test and develop ios apps. we have this happening with facebook. reporton the heels of a saying that facebook was collecting data and apple rebuilt testing tools. that was revoked for facebook. it seems they are revoked for google, as well, we are keeping an eye on shares. returning to the key earnings. amazon looks good in the fourth quarter. first quarter forecasts for profitability was a strong. revenue was shy off by two percentage points. , what do you make of amazon results/ -- results? are solid. there is strength in the e-commerce business. web services are growing at exceptional rates. newer businesses are beginning to take off. pulling it t

>> well first of all i haven't talked to light heiser or marvin who talks to those people all the time. in the last two days we've been working on getting ready here. and i don't think there are a lot of agreements that have been made. when you do trade agreements it is the same way you do labor agreements, that is you take up each issue and when you think you are getting near a conclusion of what we are going to agree to do, it is contingent on getting an agreement so that if you get two thirds down the road and you think you have all these agreements but you cannot come to a close, then you don't have any agreements. and i think we are going to see the ambassador and others and probably some of our people back negotiating with our colleagues in china in the near future because -- and i would simply say we feel positive about them moving forward. okay how about right there? >> reporter: highmark from bloomberg news. you talked about a reasonable solution to immigration that involves protection for dreamers and those with temporary protect status and increase border security. you think

trade representative robert white heiser. china says its key weapon against the economic slowdown today, senior officials promised a tax reduction on a larger scale in the pipeline. jp morgan chase estimates the total impact will be about $300 billion or 1.2% of the gross domestic product. broadway legend carol channing has died. in created the title role hello dolly and played the character more than 5000 times. she was in her mid 70's when she gave her fell where -- farewell performance. she was 97 years old. air, on tictoc and on twitter, powered by 2700 journalists and analysts in one hundred 20 countries, i'm mark crumpton and this is bloomberg. its 1 p.m. in new york, 2 a.m. in hong kong, i'm natalie quinn and welcome to "bloomberg markets." vonnie: your top stories on the bloomberg and from around the world, judgment day, the u.k. parliament is planning to vote arehe brexit plan and we live in westminster. tech stocks pushing majors higher today after china wrapped up stimulus measures. plus, the state of tech funds. w

trade representative robert white heiser.s key weapon against the economic slowdown today, senior officials promised a tax reduction on a larger scale in the pipeline

the big issue is how hard a line will light heiser insist on the process to verify all of this? that's where i'm a little uncertain what he will advise the president. my guess is, that there will be sort of an extended truce.. so there will be the sort of package of things that they agree upon with ongoing negotiations for further things, and sort of a test.. that's what i think may happen to buy time, let the market settled and i suspect the chinese will try to undermine their whole approach to this is to wait out trump, string along, wait him out, and you know, then it's back to business, status quo. but i think there's going to be an attempt on both sides to kind of still the waters a little bit, because china's dealing with some deleveraging issue and its debt problem and some of the economic headwinds and of course i think trump is spooked by what happened with the stock market here. >> i just want to say very generally i think the south koreans really worry about in collateral damage. there's the old proverb that koreans feel about their geopolitical position when the whal