right now, ed hyman, evercore isi.sider ed hyman as a chairman of the federal reserve system. his invention of a form of market economics is known throughout the community. who should be the next chairman of the fed? ed: i like to focus on what the fed will do. tom: spring 2018. ed: right. trump will have a chance to put five people on the fed. phd do we need a monetary to be chairman? kevin more than any other official surprise me. his smartme with thinking. can we have a chairman like him are likely some decades ago, starting with arthur burns and greenspan, do we need a phd? ed: trump has shied away from economists, so kevin would be a nice mix. he is very practical. the problem will be when we get come how much9 will the fed be tightening. you get a conflict between what trump would like to have and what the fed wants to do. francine: give me a sense of what the markets need to see to price in a march rate hike. , 50-50.oment it's more than 38% last week. lot.t has moved up a it was as low as 15% late last year, bu

i am julie hyman.k: [indiscernible] mitsubishi is boasting nearly 10 million vehicles delivered last year. the chairman of the three automakers carlos ghosn spoke to bloomberg exclusively from paris today. carlos: we benefited in 2016 with a strong market and recovery. the single market will be 2%.ilized, forecast of the reason for which we show strong results is first, we have done a good performance in europe, not on the growth of the market that we gained market shares. we have renewed significantly our product, so we have a fresh outlook. these are the reasons for which a profit is at record level. holds,ow for what 2017 he painted in optimistic picture. carlos: we envision 2017 with optimism because even though we will continue to have a strong performance in europe, we will be able to count on growing market share and hopefully a growing market in china and in a certainhopefully at point in time, the recovery of the russian market will benefit. we have over 32% market share there. mark: he also a

i am julie hyman with mark barton in london. largest cosmetic company l'oreal met analyst estimates but they say 2017 will be eight "chaotic year because of political risk." bloomberg spoke with the ceo. bethis year will truly chaotic. last year was chaotic, too. [indiscernible] definitely, it is giving more and more. the beauty market was pretty good. plus 4% and our business is pretty good. we will see. expect in france for it to continue? >> i am not sure yet. i hope not. it is true that last year, france was [indiscernible] market of all, itmarket of all,. it was the worst market in the world, so i would really hope that this year will get better. and we will see. >> do you have a contingency plan in case of france's exit that europe? >> no. we would think about it later. [laughter] for the moment, i prefer not to direction.is the think it would be really bad. >> what brand specifically could potentially be impacted by this new u.s. protection? >> i do not know. it depends on what kind of protection it is. it is important to

julie hyman, the markets correspondent. the u.s.ry of state and confirmeded -- newly rex tillerson, speaking to employees of the state department. he is saying, i am the new guy. then he asked employees to extend respect to others, even when they disagree. this is bloomberg. ♪ . . ♪ vonnie: live from world headquarters in new york and worldwide, i vonnie quinn. ammark: and i mark barton. amemma chandra has more from our newsroom in new york. has tested milosevic -- ballistic missiles. the yuan security council resolution adopted a landmark deal. it was called "absolutely on acceptable." according to the labor outputent, employee increased at an annual rate of 1.3%, still below recession levels. employers added more workers rather than investing in technology to increase efficiency. one dead and one alert and talking following a hostage situation at the state prison in delaware. deal thatns of a could collapse. said turkeydogan has no other option but to release its hold on refugees. global news 24 hours a day, powered by more than 2

scarlet: timeout for options insight with julie hyman.from chicago. as we were talking about earlier in the show, an all-time high here and yet it is a very small move. have you seen anything today that confirms the record or the uptrend? >> we did see some weakness where we saw selling pressure. i heard from traders down there, the dollar-yen trade triggered and we saw a reallocation fixed income looking at areas in the bond market. we are still seeing the markets here. record territory. >> one area of strength has been in consumer staples. you're looking at one of those stocks in trade today. in part because of nielsen beverage data to what do you like about the stock here? >> there are a couple of things. moving forward, dollar moderating will help as well. standpoint,ical touching above its 50 day moving average. it looks like the moving average is starting a trend higher. from a technical standpoint, it is higher as well. >> the stock is down after the five of the past six earnings reports. do you think it will be different? >> i do.

julie hyman is standing by. bit of a decline, but it's small as we see this lack of egg movement in the s&p 500 and the other major averages, for that matter. what downside there is today has a lot to do with oil prices. look at crude oil today. we saw it take a more betweenant leg lower, 10 and 1030. it looks like the move was coincident with the highs of the day in the u.s. dollar, which this oiluncing back drop us translating into a decline for energy stocks and if people look at the map on the bloomberg, they can see that pretty clearly. energy earlier in the session in the middle of the pack. down 8/10 of 1% now, the biggest drag on the major averages. even though the overall drop is only 2/10 of 1%, you can see most of the groups are trading lower. in terms of individual stocks that we are taking a look at today, there is news pushing various stocks around. report --y reuters reported that they were in talks to acquire ppd for $8 million, saying that they are not very happy about that potential deal. meant

scarlet: thank you so much, julie hyman.cusing on the fixed-income market. ♪ >> let's get the first word news. mexico is warning it will cut off renegotiations on nafta if the u.s. imposes new tariffs or quotas. they tell bloomberg the moment the u.s. said it would put a 20% tariff on cars, he's leaving the bargaining table. but he also says he's not looking for a fight. trying to goengage into a trade war. that is lose, lose. you try to move forward. an agreement will benefit canada, u.s., and mexico. has said nafta is responsible for massive trade imbalances. europe, the british prime minister remains opposed to a second referendum on scottish independence according to her spokesman after a report from the times of london that scotland's government is preparing to call another vote. , theythe day after brexit have repeatedly said another referendum was likely. voted overwhelmingly to remain in the you

julie: i'm julie hyman. doolittle for a check on the markets all that breaking news. abigail: lots going on, including the end of that press conference between trump and they -- abe. the dow, s&p 500, and nasdaq all high or near session highs. on pace for record closing highs, carving out a new intraday highs on the day. a bullish streak. is helping take indexes to record highs right now is the bank index. the banking indexes parking higher on the news that tarullo is resigning. related toof the top crack down on banks, so investors may see this as a positive that he will be stepping out of the way to remove regulation. we are looking at a rally for the s&p 500 not just as weak, but also for the last three weeks. up nearly 1% over this time period. a bullish streak for stocks. to round it out, we look at the dollar versus the end, it's been a while today. .- two the yen it's been a wild day. right now, with the dollar higher against the yen, abe is winning, with the yen we getting against the dollar. it will

julie hyman is here.s been a interplay of the markets and politics since the election . we get this reflation trade back into affect not just for today. the s&p is up for the fifth straight session as well. movementen a sideways in the market and still we are seeing relatively small moves, less than 1% moves for the major averages. in terms of what is winning today, a lot has to do with cyclical groups, those dependent on the economy doing well. materials among the best performing stocks today. steel and nucor among them. morgan stanley expecting a rebound in steel prices, so that appears to be helping some of these big steelmakers. as we talk about reflation, we are watching the treasury market as well. money going into stocks and coming out of the treasury market. the 10 year today is seeing an increase in yields and decrease in price run about three basis points to up to 2.44%. that has been helping the financial stocks in particular, which are the leading group in the s&p 500. what is also interesting

scarlet: thank you so much, julie hyman n.e house meeting, president trump spoke about relations with russia. president trump: nothing is off the table. i haven't eased anything. scarlet: let's get the latest from jennifer epstein, who's at the white house. the president said he hasn't eased anything, so clarify what exactly happened with treasury. jennifer: so he was just asked if these sanctions have -- there's been an easement of a small piece of one thing, but something that happened with some regularity, as sean spicer said during the briefing, and&that's what happened here. it was something that apparently may have even started work under the obama administration. i think we're all on high alert because of the president's stance towards russia. it seems to be much friendlier than most previous administrations, that anything that seems like it's backing off from those sanctions on russia would be taken as a really big step. and so i think this administration is going to make it as clear as they can, but this is just kind

i'm mark hyman. we continue to follow that breaking in paris paris police report that a soldier opened fire outside the louvre museum. this is a picture from the scene. reuters is now reporting that a the soldier opened fire on a man armed with a knife after he musuem carrying a suitcase. according to reports-- the man was trying to get into the museum's underground shop and had attacked another soldier before being shot and seriously wounded. police say the area had been evacuated. we continue to follow this story, and will bring you more updates as they come in. only on seven.. a former prime mister of norway is still stunned that he was given extra scrutiny after he flew into dulles airport. he flew to the u.s. wednesday night for yesterday's national prayer breakfast. and he was held up and questioned at dulles over a prior trip to iran. tom roussey has more. the man accused of fatally shooting former n-f-l player joe mcknight is now charged with former n-f-l player joe mcknight is now charged wi

julie: i am julie hyman.sident trump criticizing nordstrom for dropping his daughter's brand from the chain. he tweeted, my daughter has been treated so unfairly by nordstrom . she is a great person, always pushing me to do the right thing. nordstrom said they would stop selling her brand citing poor sales. what this means for nordstrom is our reporter lindy ruff. these views do not necessarily reflect those of bloomberg and its owners. it is so interesting that the shares are higher, which is different than what we have seen in past situations where the president has tweeted about corporations. give us some background. >> nordstrom has been on both sides of this issue. they were the subject of a boycott. it is unclear how much of that -- how much of an influence that boycott had. this is pretty common business for companies like nordstrom. sayingmp plus people are , so what does this mean for their sales going forward. what does it mean? you spent time in court with donald trump. nordstrom is not the first i

i'm mark hyman. happening now.. the water level at lake oroville in northern california is down.. and authorities have lifted a mandatory evacuation order.. allowing tens of thousands of people to return home. but the situation is still dangerous. residents are being warned.. they may have to evacuate again. latest developments. crews are working around the clock to repair the oroville dam. because of a giant hole in the main spillway, the biggest concern is the erosion of the emergency spillway. if the erosion reaches the lake, that spillway's retaining wall could collapse, unleashing a 30-foot-high wall of water. but officials believe the dam will be able to withstand new storms that are expected to start today. at least seven people are recovering from minor injuries.. after tornadoes tore through southeastern texas, including the houston area. the national weather service confirms.. at least three twisters touched down yesterday. the tornadoes damaged homes.. and caused flight disruptions at local airports. hundreds of people are now faced with the task of cleaning up.. and re

julie hyman is here with the latest. julie: hitting records for the dow and the s&p 500. , thea bit of economic data job openings a little bit of a dated number, or december and it fell to 5.5. decline in those jobs openings, but the november number was revised lower, and the december number was a little bit lighter than had been estimated, so a bit more color on the job market in the u.s. as the fed says we are approaching full employment. small.ements are fairly our trip to these records has been quite incremental. stats, it some of the has been 61 days since the last 1% move up or down, and the s&p 500. 62 days was the longest in this current market. sinceys was the longest 1945. if we extend into tomorrow, that will match the longest streak in the current bull market. as we talk about the day after day, this drumbeat of low volatility, this is what this is indicative of. in terms of today's session, one of the bigger moves we are seeing is in general motors. i want to show the movement in the stock which is now down

julie hyman is here with lots of breaking news. we get to the lackl get to of breaking news on that front. the dow down at the moment seven points. all the major averages in the red as investors are certainly waiting for more detail from president trump tax plan among others. the dow falling from yesterday 's record. let's talk signet jewelers. the shares are halted after they fell to their biggest one-day decline in two months after "the washington post" reported that 250 women and men at its sterling jewelers business made allegations of sexual harassment and gender discrimination instances from the late 1990's and 2000. 's. the company halted shares news pending and came out with a statement in part, saying that none of the folks in the broader class-action case of 69,000 folks had brought claims for sexual harassment or sexual impropriety. it had more to do with claims of this termination regarding gender-based pay. all of this is sort of swirling around the company. we will let you know when the shares opened back up, but that

julie hyman is here to bring us the numbers right as soon as they come.h is in just a couple seconds from now. if you look at the numbers, it looks like we are seeing a much bigger bill that has been anticipated. 13.8 million barrels, 2.7 million barrels is what the traders we were surveying look ed for. there is a drawdown in gasoline inventories, which was also a surprise. we were looking for a record amount of gasoline inventories, but we are seeing a drawdown of 869,000. climbing by smaller than estimated 29,000. refinery utilization following by a half of 1%. an interesting mixture of numbers here. let's take a look at the bloomberg because it looks like we're not seeing the first reaction reflected in that chart. let's look at the oil chart i have up. there we have it. we are sort of bouncing around and off by half percent. it looks like it is taking an initial leg up. perhaps traders taking more attention to that gasoline drawdown, but we will continue to watch this reaction and be back with an update in about 30 minutes time. mark: let's check in

julie: and i'm julie hyman.tralia says it will push ahead with the tpp despite the withdrawal of the united states. australia's trade minister steven ciobo told bloomberg the trade proposal remains relevant. steven: there were a lot of hard-fought gains that were achieved through intense negotiations over many years, in relation to the tpp. i don't want and i know a number of other countries don't want to let those gains slip through our fingers. that's why i put a focus on whether or not we could have, for example, a tpp 12-1, the tpp less the united states, given the u.s. doesn't want to be part of it. we will be having a meeting in chile in march of this year to canvas all of the options. i just reinforce, though, that the benefits of the tpp are numerous. they are not only numerous, but there's also enhanced benefits for small and medium-sized businesses. to trade,wer barriers lower compliance across the tpp network. i've it's important we took -- i think it's important we try to capture those gains. julie:

here is julie hyman. julie: pending home sales declining coming in much worse than estimated down 2.8% month over month in january and revised down for the month of december, cut in half for a gain of only 8/10 of 1%. by this measure, not seeing very positive news. again, the unexpected decline of 2.8% perhaps suppressed by higher mortgage rates. we have seen prices go higher. that is one of the things that has been weighing on the numbers. we're not seeing stocks much change after the winning streak that happened in my absence. all three major averages trading off. warren buffett has been getting a lot of attention as he oncented in a meeting again, criticizing the hedge fund industry for high fees. just to give perspective, take a look at the bloomberg because he are looking at a hedge fund index. this is the hedge fund index and white, the viewer line in terms of when things are below this, it is negative. this is s&p 500 total return index. you have seen quite a gap about performance there of that ind

this is bloomberg. ♪ julie: i am julie hyman. what'd you miss?bably not the big offer kraft heinz made for unilever. it looks like you may have missed what options did heading up to the offer becoming public. what we have here are the volume of bullish unilever options. as you can see, with this sort ish box here, we saw a surge in those options before the deal became public in the last several days, which would suggest that maybe the information, or at the very least, some speculation was out there. remember, cap times earnings came out -- kraft heinz earnings came out and there was disappointed there, not necessarily with the numbers themselves, which beat estimates, but the idea that kraft heinz was not making more deals could 3g capital has been consistently made acquisitions every couple of years -- comingraft and heinz together and now another deal. joe: matt levine says don't insider trading, but if you do, --'t buy short options ahead they stick out like a sore thumb. everyone wants to know, why isn't there more volatility in the market?

i am julie hyman. joe: i am joe weisenthal. "what'd you miss?"ing in live on welcome we want to wor you. julie: we begin with market minutes. take a look at stocks. major averages trading at records again. the russell 2000 joining the party for the second straight day. after more than a decade of not having simultaneous highs for the major averages, now we have had a string of them. a headline crossing, goldman sachs is closing at a record today, eclipsing its high from basisso both on a macro and a stock specific basis, records. goldman sachs up 1.3% on the session, the best performer in the dow since election. apple as well. hurts, apple up 1.25% on the day, another record as well. said itthe day, cigna was canceling its merger with anthem. anthem said you can't terminate the acquisition, so some back-and-forth, not clear what the outcome will be of this, but and thumb closing down .1%, cigna rising .6%. joe: let's look at government bonds, action all in the u.s., the two-year and 10 year higher on the day. :00 am, testimony from janet yellen,

ed hyman of evercore. >> thanks.efore we go to break look at sears holdings up strongly this morning after announcing a restructuring they say will streamline operations. sears says it's targeting at least $1 billion worth of cost savings on an annualized basis. when we come back, president trump holding his first call with chinese president xi jinping since entering the white house. we're going to have the details from beijing. we've got a lot more ahead for you on "squawk on the street." f. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market pr

we have julie hyman. julie: i am watching off analyst calls. let's start with the airlines.nstein is upgrading delta airlines saying that for delta the upside might come from progress in implementing the new revenue management. for american, it only -- no longer has a downside. goes to an outperform an american to a market perform. both of those shares are moving higher. we have chipotle. the stock could fall further. they are bears on the stock. they see the food safety scare and the rebound could involve sourcing and marketing costs. we have a quick look at the bloomberg. this is a consensus on the stock. the green is the high rating. there is a lot of neutral here. we have seen a sea change in opinions on the stock. mark: thanks a lot. still ahead it, our guest is the chairman of suez. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york and london, i am vonnie quinn. >> i am mark barton. this is bloomberg markets. let's check in on bloomberg first news with emma chandra. >> the trump administration will try again today to get its controversial immig

julie hyman is here. julie: records for the major averages. the dow, s&p and 500 as the rally continues. investors are looking at reflation trade. we will be getting consumer price index data from the u.s. and the u.k. that should give us more insight into that very question. the s&p 500 is up for the fifth straight session, the longest winning streak we have seen since december 9. here is a five day chart with a 1.4% gain. and other assets we, we are seeing interesting trading. oil is falling today. earlier, it had been little changed and then took a leg lower. saudi arabia is cutting production by even more than it has promised a part of its opec agreement. we have the rig count in the u.s. at its highest going back to play 15. -- at its highs going back to 2015. the bond market, we are watching what is going on as we are seeing rates go higher by three basis points. there is selling off going on and we have data showing foreign holdings of treasuries are falling and we will get more on that later on in the show, but the increase in rates is

julie hyman is standing by. bit of a decline, but

i am julie hyman. oliver: i'm oliver renick.ocial media ipo in years. caroline hyde joins us from san francisco to break the week in tech down for us. carolyn: so much to get our teeth into with sarah frier and alex webb. starting with you, sarah, all about snap. i spent 30 minutes of my day today watching the new video, the roadshow video. what a day trying to say here? trying toy are explain what makes them different from facebook and twitter, because these investors are going to come into the roadshow and their first question will be, like, what are the things on the market i can compare this to to make sure the evaluation is right, the stock's price right? what snap is doing in the roadshow is to say we are different from those guys and we cannot be compared apples to apple's. we don't have plans for international growth and to be ubiquitous in that way. we don't want people on a platform to has friends as many as they possibly can. we wanted to be a small community, we want to focus on storytelling, focus on a chronological

vonnie: julie hyman, thank you.t out of washington is the senate finance committee and has awarded the approval of steve mnuchin and tom price. that will head now to the full senate committee, but let's look at trade for the moment. we had an interview with ge ceo immelt and we talked about how trade is becoming less globalized and more block by block these days. ambassadors talk to us about the issues. carla hills, former u.s. trade representative under resident hws, former hud secretary under president ford and a lot of dealings of mexico, to for joining us. what can you make of the current direction toward protectionism? carla: it is a big mistake, particularly what our country and globally. we have opened our markets since world war ii, and asked the results, or gdp has climbed $1 trillion according to the peterson institute for international economics, raising the average family income by more than $1000 and we did not , with 5%urn that off of the world population producing about 20% of its output, we want to c

julie hyman points us with the latest on the trading day. if the s&p 500 continues to trade lower, the fifth straight session of the kleins, mixed here -- the kleins -- declines, next year -- mixed her. , iphoneor is apple sales coming in better than estimates as the company attracted not just existing users to upgrade their iphones but new users. those shares up about 6% and if you look at the ripple effect, it does not extend to apple's phone suppliers, if you look at up.big suppliers, broadcom it does not have a huge effect. what is having an effect is energy shares, interesting if you look at the decline in the s&p 500, the energy group is accounting for about 60% of it, even though oil is higher and natural gas is higher, we got supply data out of the u.s. this morning that showed a larger than estimated bills in inventory, that is not hurting crude oil because opec has been cutting back production but looks to be hurting the shares of u.s. based oil and gas companies, even as gas rises. this is a correlation that has been coming back i

julie hyman, thanks. the -- a globalder of hedge fund firm. what are they going to do with this? >> i think there are a lot of synergies. softbank's business is similar to what fortress is doing. 100 are trying to raise billion dollars in a private equity fund to invest in tech companies. that is analyzing companies. at some point, they may want to diversify. from fortress'standpoint, it is a home run. your stock has done terribly over the past 10 years. thehave not done well on hedge fund side. you do a good job on the private equity side and you are about to hook up with one of the greatest investors of all time. scarlet: what does this mean with others such as apollo? are they going to be looking for a softbank like suitor? donald: there are not a lot out there. they very exciting because can tap into softbank's distribution. softbank is getting funded by some of the greatest investors in the world. that is really valuable to fortress. fortress needs a shot in the arm. it's brand has been hurt. to be h

julie hyman is here. have we got some movement? julie:. overall, for a market c.y are very little changed after earlier touching records once again. we see now a little bouncing around between gains and losses as we enter the 47th straight session the s&p 500 has not moved at least 1% as of the close of trading. as you can see, the dow and nasdaq are slightly in the green. let's move on to things that are moving more. mgm is one. the company coming out posting underwhelming fourth-quarter earnings. it was hurt by flatter revenue growth for mgm china and the cost of opening new casinos in the united states. there has been this choppy recovery from the gambling slump in macau and it looks like the company is not yet recovering from that. those shares down about 7% in today's trading. we are also watching kraft heinz today. those shares are also moving lower, one of the worst performing's docs in the s&p 500 -- performing stocks in the s&p 500. that company is doing deeper cuts to try to keep investors happy. it has been a target of some activism. 3g capital runs kra

julie: i am julie hyman. welcome to bloomberg markets.erg world headquarters in new york we will take you from san francisco to washington and athens in the next hour. here are the top stories on the bloomberg and around the world. u.s. stocks reversing earlier declines although it looks like they are little changed at the moment. treasuries are rising for a fourth day ahead of a $23 billion auction of 10 year notes , and gold is hitting a three month high. stand druckenmiller's bet on the precious metal pays off. he sold his gold position on election night and bought it back. what made him change his mind? is a 32nd anniversary of the nasdaq. it is hitting another all-time high. friedmanpeak to adena

julie hyman is here, with the latest. julie: there has not been any reaction in airline stocks to some of these headlines coming out from the meeting. we are seeing a bit of a bounce back in u.s. stocks. all three major averages up between a fifth and a quarter of 1%. let's talk about what is driving of the -- driving those gains. we are still in the midst of earning season. if you look at some of the big earnings reports, you have viacom on the rise and whole foods on the rise, but coke and twitter utley low. -- oddly low. coca-cola coming out with numbers that disappointed. the company's earnings may declined as much as 4% in the coming year as it does a big overhaul. , interesting that the stock is on the rise because the company is forecasting same-store sales for this year that are not offering much hope of a recovery, but they are decreasing the number of stores. of course, twitter coming out with revenue that is rising at a lower rate and also forecasting not much growth in the current year, for profit. we will dig

and this is the hyman roth in the godfather. this of the business we've chosen.omeone must estate to mount a national state that you are a low rated talkshow host which mr. trump did not do. lindsey graham never brings it up.that's okay. fight with us, do not fight with americans who cannot punch back. don't punch down, punch up. touch of the network, at vested power on wall street, the russians, syrians, don't punch americans. i think if he does that he can hit the key of we even if it is a little off tempo. >> a little flat. i got the donald trump trigger treatment as well. >> you did? >> people don't like not being in that class. >> really? >> okay well he called me a loser. >> well i am low rated so you're a loser and i am low rated. nobody listens to your show. >> it is a remarkable time. so when did you decide that donald trump was going to get your vote? because i know you interviewed him more than a dozen times and i need told to quit the race at least once on twitter. when did you get to the place where you said, this is who i am voting for? >> the histo

julie hyman has a look at what's moving. julie: it looks like we are eking out gains at the moment on the three major averages. s&p bouncing between gains and losses. any gain would mean a record on a closing basis for the major averages. we will see what yellen's testimony brings and if that pushes markets around. in the s&p 500 i wanted to look at the best and worst performers. on the plus side we have procter & gamble after nelson pelt and try am took a stake in the company according to filings and according to various reports at stake could be as high as 3.5 million dollars. analysts are questioning why the stake is coming now after p.m. to ge has done significant paring down of its brand. aig wholipside we have has lost wide to about $3 billion. pulse and reporting filings that it cut its stake in the company so though shares are tumbling. the other assets we're watching ahead of yellen not just ahead of yellen after the cpi data we got that showed the biggest lift in consumer prices since february of 2015 some again of

with julie hyman right now. 227,000 versus the 180,000 estimate.er of jobs added last month. the jobless rate at 4.8%, taking up. the real shocker, perhaps, average hourly earnings, and only 0.1%. worse than estimated. decemberthat, a average hourly earnings growth percent fromto 0.2 0.4%. november revised slightly higher to flat. average hourly earnings was a a gain of only 0.1%. participation rate at 62.9%. kicking up a little bit, and matching the september level. the average work week ticking up slightly. unchanged, however, from a revision in december. where do we see the increases in jobs? interestingly -- clothing, electronics, furniture stores. construction saw the highest number of job gains since march. financial activities as well -- real estate insurance and banking. i should mention payrolls were revised down in november and december by a net of 39,000. we got benchmark revisions as well -- something they do annually. of march, 2016, a decrease 60,000 nonseasonally adjusted. relatively small there. jonathan: the market reacting to the

manus: judy hyman is here.dy: economists are estimating that once again there will be relatively robust jobs growth. 175,000 jobsis being added to the american economy in january. roughly in line with the 180,000 that is the 12 month trailing average. 4.7% is the unemployment rate and economists are predicting that will hold steady. another key number will be the average hourly earnings. investors in the u.s. and economists look to see if there are signs of inflation as there is a debate over whether the new administration is going to spur inflation as well with some of its policies. the estimate for that number come at 0.3 percent. a 10th of a percentage point declining from december. we will be watching that number closely. one of the backdrops of for all of these reports is how many of the other more nontraditional at.ures will we be looking increasingly under the trump administration. trump and his treasury how many have said we need to expand the view of the unemployment rate. look at folks who have stoppe

julie hyman has a look at what's moving. at the moment on the three major averages. s&p bouncing between gains and losses. any gain would mean a record on a closing basis for the major averages. we will see what yellen's testimony brings and if that pushes markets around. in the s&p 500 i wanted to look at the best and worst performers. on the plus side we have procter & gamble after nelson pelt and try am took a stake in the company according to filings and according to various reports at stake could be as high as 3.

hyman roth and the godfather, this is the business we have chosen. someone once to say to me on a national stage or low rated talk show host, lindsey graham never-- whenever he sees me he brings that up. that's okay. bite with us, delphi with americans who can't punch back. don't punch down. punch up. punch up at the networks, wall street, the russians, the syrians. don't punch americans and i think he-- if he does that he can hit the key of we. host: i got the trumpet twitter treatment as well. guest: did you? host: yes it's actually a badge of honor. guest: they don't like not being in that class. host: call me a loser. guest: you are a loser, im low rate. host: remarkable times. when did you decide trump was going to get your vote because i know you interviewed him more than a dozen times and i know you told him to quit the race at least once on twitter. where did you get to the place you said this is who i'm voting for. guest: the history is not interesting to anyone that me, but i was switzerland during the whole campaign. you have to be fair. w

i'm julie hyman. vonnie: i'm vonnie quinn. able to a record after president trump's they three and batted by his efforts to convince manufacturers to reduce more in the u.s. instead of mexico. the outlook of the peso comes down to who pays for the wall. not only that, the decision today and we learned in january the inflation rate in mexico climbed the most in 21 years. isabella is joining us from mexico city, our emerging markets reporter. is not the prettiest of pictures for the currency right now. isabella: that's right. one analyst was telling me how things have gotten off to a very rocky start for mexico. we have seen a sharp depreciation in the peso to a record low in the first week of january. now we see inflation hitting 21 year record high. julie: that analyst you talk to it mattersked about who is going to pay for this wall the president trump is planning. that will have an effect on the currency so walk us through that. isabella: that's right. is currentlytegist the top forecaster for the mexican peso, at least acco

ed hyman and others pointed out there's a lot more going on besides u.s. and trump.ec production cut is successful and central banks are still accommodative. banks have been the underpinning of the rally, they still are. year-to-date double digit increases in many of the major names but as i pointed out yesterday the global market has expanded. global banks rhave been huge. no matter where you look double digit gains from many of the global banks and global markets have outperformed the u.s. markets overall. s&p is up 4%, but latin america, canada, japan, all doing well in general. meanwhile, the retail ceos are meeting with mr. trump today. the important thing is the trump meeting with the ceos there gives him a chance to address the tax cuts and the b.a.t., the border adjustment tax directly. remember last week he met with airline ceos on thursday in the middle of a snowstorm here in new york that's when he made the comment of phenomenal tax plan coming. this could be market moving. i asked people yesterday and this morning about tax cuts, a lot of people feel the

i'm julie hyman. ♪ we are going to take you from new york to london and also cover stories in washington, france, and japan. before we get to those, we have breaking data. consumer sentiment did reach a 13 year high in january. >> the survey was calling for a rating of 98. it came in at 95 .7. .e dig in briefer it appears a cold in the month of february. we will have more on this. as far as the effect on averages, we are still looking at green from the major averages. it is worth noting after yesterday's record

here is julie hyman.in much worse than estimated down 2.8% month over month in january and revised down for the month of december, cut in half for a gain of only 8/10 of 1%. by this measure, not seeing very positive news. again, the unexpected decline of 2.8% perhaps suppressed by higher mortgage rates. we have seen prices go higher. that is one of the things that has been weighing on the numbers. we're not seeing stocks much change after the winning

julie hyman is joining us with the latest. julie: we are seeing stocks pulling back. president trump saying this morning there hasn't been that much coverage of the records reached in stocks. obviously he hasn't been watching bloomberg television, because we have been covering it quite a bit. pulling back a bit after that string of records we have seen for all three major averages, as we get now well above the average for price to earnings ratio. investors taking a bit of a pause after the recent rally that we have seen, so all three major averages are lowered to some extent. if you dig into on the imap what groups are on the move here, we some of the sort is more cyclical groups that have been gaining in recent days, now falling back. energy lower with oil prices, financials down as we are now seeing a bit of a pullback in bond yields as well. and those interest rates, sensitive groups that have been hurt in recent days as the 10-year has been rising, are flipping over to your stealing -- the real estate, telecom shares at her on the rise, but not enough to offset th