yes,en: thanks a lot, you're talking about inga beale. lloyd's of london, but let's talk about asia first of all. the backdrop of the asia financial forum every year is the financing for the big chinese initiative, belt and road. what opportunity do you see in asia in china in particularly? inga: there is a lot of opportunity in the region, when we look around the various regions in the world, the biggest growth and insurance is in asia, it is double-digit growth, it beats anywhere else in the world. therefore, it is a big part of our strategy. china in particular with belt and road, think about all of the construction that will go on the entire parkway of that project, it will be lots of opportunities for insurers. if we can step in behind with investment that is needed, in short the major construction projects that will be underway, it will be an exciting time for us and asia. stephen: improving market street market access for this part of the world? inga: when we look at protectionism, it is on the rise, and that is almost everywhere.

craig. >> francisco saldana, inga horton, malik morton. >> good afternoon, i'm here representing myself and three other people -- >> can you tell us your name? >> francisco saldana. and three other people that live adjacent to the 17th avenue taraval stop. i'm speaking in opposition to its removal. all of us are working professionals we use the stop to commute into the city every single day. removing the stop would cause all of us to basically run to the 19th avenue and taraval inbound stop every morning and as you know, 19th avenue is an incredibly busy thoroughfare. it's six lanes. and the infrastructure in that intersection if you have ever actually walked there, the sidewalks are maybe two feet wide and you are competing with all this infrastructure there. either you are standing on the narrow sidewalk or standing on white lines in the middle of the street. that feels less safe to me than like the very wide 17th avenue sidewalks. that are currently available in front of the safeway on taraval street. so that's pretty much all, i'm speaking in opposition to the removal. please recons

inga: the government does have conversations with businesses.ind closed doors, these days, nothing can really be behind closed doors. they can only really share with us what is out in the public domain. this is an incredibly public negotiation. it is so complex. just the amount of pieces of legislation that have to be brought into the u.k. for financial services is something like 9000. it is astonishing. that is just one sector. the government has a lot of complexity to deal with. they have to have the negotiations in public. you don't want to reveal all of your cards. you have to play things close to your chest. it is a very difficult situation. however, we recently met with theresa may and the chancellor. they did fill us with confidence that by the end of this first quarter we would have a better about the implementation period of brexit, how long have we got to get our business models ready to be outside of the e.u.. you are making plans in brussels. how big is that? to ensure we can provide that continuity to all our e.u. 27 customers. the

le will be asking inga bea about that.avyweights to meet with the prime minister, theresa may. the prime minister urged companies to invest the benefits of preserving london as i financial hub -- as a financial hub. from: no crisis predicted the chief asia-pacific economist ahead of the china fourth-quarter gdp numbers due out this week. also interestingly enough, she expects the fed to raise rates at least two times this year, but also says the fed might be behind the curve at this point. haidi: a very interesting week jampacked. that is it for "daybreak: australia." this is bloomberg. ♪ ♪ kong, i am0 in hong yvonne man, welcome to "daybreak: asia." the top stories, asian starts -- stocks looking at a right start. a fed u.s. they to, firms hike. president trump said an immigration deal is probably dead as tension grows to keep the u.s. government funded past friday. in newi am betty lou york, it is just after 6:00 p.m. on sunday evening. wells fargo flagging a surprise $7 billion windfall from u.s. tax reform.

inga carried out of her home by firefighters when mud poured in. >> we had no idea what a flash floodas until i saw this torrent raging river coming down with cars and rocks. >> reporter: the mud slide may be over but so much of what's been carries away will never come back. authorities say about 100 homes have serious damage. they're still concerned locales could be trapped in debris fields like this one. when many return home nothing will be recognizable. >> thank you. >>> well, later today what has normally been seen as a mundane event is making headlines. at 71 the oldest person to ever asthum job of president, mr. trump is getting increased scrutiny not just for his age but his mental state following those explosive comments we told you about as well as it tell-all that casts doubt on his fitness for office. >> reporter: good morning. this presidential physical today is the only thing on the president's schedule besides his daily briefing before he leaves town. what we know. the president will undergo a series of tests at walter reed medical center later today involving several s

for now, mostly cloudy, 40 degrees here in washington. 40 in warrenton. 39 37 inga gaithersburg. weil show you the future weather and extended forecast coming up. >> thank you, chuck. >>> now to this developing story in california where families will be waking up to dry weather an the realization that devastating mudslides have killed at least 17 people. you can see the damage on the screen. more than a dozen others are missing. that number could rise. jinah kim explains why the mud continues to run. >> it's a surreal scene. mangled cars on the pristine coastline of santa barbara. >> 101 full of mud and water. family members feel like they're trapped in a nightmare. >> i don't know how far she could have been swept. i don't know where she is. >> his 69-year-old mom is among those still missing. many of them young children who didn't have the strength to stand up to the mud that tried to bury them. >> i don't know where my parents are. it's a horrific feeling. >> total devastation. this place looks like a war zone. >> among the missing, a brother and father of 14-year-old lauren w

inga gilbar carried out of her home by firefighters when mud poured in. >> we had no idea what a flash flood was until i saw this torrid raging river coming down with car and rocks. >> reporter: tonight, the mud slide may be over, but so many of what's been carried away will never come back. authorities say more than a hundred homes have serious damage. there's real concern that neighbors could be trapped in debris fields like this one. when that mud came pouring downhill, it was powerful enough to blast holes right through homes and rip them apart. anything inside could have traveled up to two miles away. when many survivors return back to their homes, their houses will be unrecognizable. lester? >> the force of those flows in that video continues to astound us. miguel almaguer in california, thank you. >>> now to those new developments about your taxes tonight and the reason you'll want to take an extra close look at your upcoming paychecks. the irs today released the new tax tables for companies to calculate how much tax to withhold from employees' paychecks. but the irs says employ

that's how warm it was this winter storm inga is wiping her body all over everybody across the country, the safest thing to do is can stay in and eat swedish meet balls. this is roads in georgia. captured by a motorist who didn't have both hands on the wheel. >> see him sliding? got to be careful on this ice. everybody's sliding. got a 4 by 4, that ford. >> it's so cold out here. [ laughter ] >> shaq announcer. >>. [ cheers and applause ] >> oh, wait. this just in. there's no cookies left in the world. shaq is now killing muppets just to stay warm. saturday as you may know will mark one year anniversary of president trump's first year in office. he's wrapping up on a bit of a low note according to gallop the company that does polls donald trump has 39% still seems high to me two out of five mernameri. are are going gate job you're nailing it. a muslim social president in kenya left office with approval rating of 58% so on the bright side president trump did magically grow an inch lose 30 points for his physical yesterday. his approval may be low but coron airy score so high that dr. gu

weighing on some business leaders we've been speaking with in davos we had a chance to speak with ingaom lloyds this morning, she said we're not in position here to make certain what the presence for lloyds will be in the uk post-brexit. they have looked at offices in brussels as well, trying to perhaps prepare for what could come but while we are getting some clarity on the timeline, doesn't seem to be comfort for some business leaders we're speaking to here in terms of what exactly a post-brexit will look like >> interestingly, if you look at the voices we've heard from the pro-brexit camp from within the british cabinet, they have been convinced and certain that they'll be able to start these trade talks with fla s wits wit countries. that's not something that the eu may allow. they say the idea that the uk could go out and start formal trade talks with other countries is not something they're looking to allow that puts dr. liam fox, the international trade secretary, under pressure, because he will be looking to try to get those things kick started. he said he has a bunch of them l

the fed is in a tingti inga tigg cycle.dollar should move higher not lower it looks oversold here >> if the dollar is oversold, is the market overbought? >> no, i think valuations will continue to look better. earnings are getting revised higher we entered the year around $145 in earnings. consensus at 150 you start looking at forward multiples at earnings rising that fast, then it looks 18 times, not 20. we think the market can get more expensive. >> gdp out at 8:30 a.m what are your forecasts for 2018 as a whole how long are those levels sustainable for? >> we think 3.2 for the quarter. the street is at 3 we think 3.4 for the year. there's underlying economic momentum and three quarters of 3% gdp growth in a row would be the best in 13 years that's real. it's organic it's sustainable we think it continues. >> for how many years? is that the same for '19 and '20? >> we forecast out for '19, and we have a 3% forecast for '19. what about wage growth that's a concern for many economists does that hold us back >> inflation in

inga carried out of her home by firefighters when mud poured in. >> we had no idea what a flash flood i saw this horrid, raging river coming down with cars and rocks. >> reporter: the mudslide may be over, but so much of what's been carried away will never come back. >> absolutely heart breaking when you hear those stories and images. >> then also seeing that video of that one guy, perspective when he says, it's coming, it's coming, run. you can't outrun that. >> with the way he said it with the logs and weight of the debris, you are not going to be able to survive if it hits you. thanks to miguel almaguer for that report. >>> turning to the president's vulgar remarks. swift reaction on capitol hill. maya love, whose family is from haiti released a statement saying the president's comments are unkind, divisive, elitist. this behavior is unacceptable from the leader of our nation. the president must apologize to the american people and the nations he aligned. on twitter, orrin hatch called for a detailed explanation of the comments. carlos called on the white house to clarify the remar

. >> reporter: just down the street from the mitchell's, inga was carried out of home by firefighters. >> i saw this torrent raging river coming down with cars and rocks. >> reporter: more than 100 people were rescued by first responders. 14-year-old lauren canton is recovering in the hospital after her dramatic rescue. her brother and father are missing and feared dead. one of southern california's most iconic coastlines now completely transformed. >> hey oprah, how are you? >> reporter: ellen degeneres whose been forced from her own home because of the mudslide face timing with neighbor oprah winfrey who was surveying the damage in her own backyard. >> i loved it so much, it is it is the greatest community. >> it is. and you know what is devastating, we've lost so many lives and it's such a tiny little community. >> reporter: now as the massive clean-up begins, those desperate to find loved one trying to keep hope amid so much heartbreak. >> and miguel reporting there. more bay area search and rescue teams are now in southern california assisting for the search for more of the mudsl

they seemed t i >> reporter: just down the street from the mitchells, inga gilbar was carried out of her home by firefighters. >> i saw this raging river coming down with cars and rocks. >> reporter: more than 100 people were rescued by first responders. 14-year-old lauren canton is recovering in the hospital after her dramatic rescue. her brother and father are missing and feared dead. one of southern california's most iconic coastlines now completely transformed. >> hey, oprah. how are you? >> reporter: ellen degeneres, who has been forced from her own home because of the mudslides, facetiming on her show with neighbor oprah winfrey, who was surveying the damage in her own backyard. >> i love montecito so much. it is the greatest community. >> it is. you know what is devastating? we've lost so many lives. cleanup begins, those desperate to find loved ones trying to keep hope amid so much heartbreak. rescue teams say they have searched about 75% of the debris field. the problem is, inside so many homes, the mud is several feet deep. there is real concern that families may be buried

. >> his name was inga bard. he was 17 years old when he formed the company.hristmas cards and more from a family farm in sweden. he later introduced furniture, a catalog and created a global empire. he became one of the world's richest men. he died saturday at his home in sweden at the age of 91. >> the illustration world has lost a legend. beetle bailey's originator has died. he began publishing cartoons at the age of 11. he gained all his fame with the comic strip, beetle bailey. the strip ran for 70 years and it has been in 1800 newspaper. he died of natural causes while at his home in connecticut at the age of 94. >>> a developing story. one man died at the hospital after an overnight fire. firefighters are trying to figure out what caused the fire.>> we have more on what we are learning about the man that died. the identity has not been released. neighbors tell us his name was jim. they described him as a very pleasant neighbor, a middle aged man who has lived here alone. this is on clyde avenue. the fire started just before 2 am in the home you're looki

how much are you giving them, and are you -- taxing all of the gains from the tax cut all of those ingasassed long to your employees? >> we're giving them 2,000 dollars each and not passing all of it on to them. hopefully later on in the year, of course, as we see what happens to the economy which we think is going to be extremely good, we'll pass them around to them and we gave them, of course, o -- a 1,000 raise and profit sharing bonuses in december also this last year. so -- we're expecting some great things. >> i have a few people who would like to work for you now hen qsh why do you think it is that that quinnipiac poll shows that -- more people think president obama's responsible for the good current economy than president trump? why do you think those poll results came through like that? >> well we saw the gates it shall open fairly wide when trump was elected of course once the tax bill was passed, we saw job orders flowing in like we've never seen them for many years so we believe that -- the trump tax reform bill really opened up gates for more employment, and what's a better

real -- inga bea fears ofng about her brexit. pound at the moment because hanging on the hard to soft issue? up: the euro is going then thehe dollar and second thing that is happening i bearish that barris -- is just getting pummeled in the ground by the lack of any fresh bad news to sustain it. it is keeping up with the euro, pretty much. anna: just moving up on the coattails of the euro does not the most sustainable reason to buy currency. is that a risk? kit: it is a risk if it starts going just keeps going on but there is a stern mind reality. rbs was bought by the government and bailed out in 2008. i don't think this is as bad or shocking as either of those events. it certainly isn't, yet because nothing has happened. anna: this chart shows exactly that, it shows some of the more recent moves in the pound and , seeing back up again brexit kind of level that you may see on the left hand -- left-hand side of the chart. where do we had from the pound? thinking about the bank of england. kit: as the euro rises, we will continue