in terms of comment from j.p. morganits ceo, and the justice department, there was none as those close to the matter say details remain private until the announcement. ae investigation did spark debate on wall street has to whether u.s. business standard should be applied in foreign countries. whether such favorable treatment by u.s. law is a crime. the u.s. justice department cracking down on enforcing its laws. willinggan said to be to pay $130 million to settle and $70 million in fines to settle with the doj. other unsettled areas of this program with the fed and the office of the comptroller. those close to the matter say this could result in additional fines to settle. there are as many as five unnamed other banks that are the target of such probes. we are told the settlement with j.p. morgan chase may well be the blueprint used to settle with the others. coming up, it's population declining, deflation , week,nd growth, well but japan still has untapped potential. find out where it's hidden strengths are. this is bl

ed: your economy on this thursday, j.p. morgan-chase will pay about $265 million dollars in fines to settle bribery charges. jc: the feds accused the banking giant of hiring children and friends of high-ranking chinese officials, to gain favor and win banking deals. that's a direct violation of u.s. bribery law. today's settlement is not an admission of guilt. no one at jp morgan-chase will face criminal charges. a mattert secretary in the trump administration. jc: -- ed: wells fargo says new account openings have plunged. bank officials say they were down 44% last month compared to october of 2015. that's worse than september's drop of 27%. the bank has been doing damage control for months, over revelations that 2 million unauthorized accounts were opened in customer's names. by a deer. a real beer and is caught on video. jc: still ahead on newscenter 5, find out where this happened, and how that runner is doing today fios is not cable. we're wired differently. that means incredibly fast 150 meg internet for the holidays. so in t

>> j.p. morgan or the prosecutors? >> take your pick. ,> obviously what j.p. an i'm assuming what they were doing was to win influence by offering jobs to the children of trying tothey were get deals with, business leaders across china, asia pacific, taiwan, and government officials. what is revealing are the e-mails that u.s. officials have revealed as part of their evidence as to why jp morgan and the u.s. government did reached a settlement. pay 260 $4 agreed to million in fines to settle this. no individuals -- there are examples ofte a few different companies and agencies that were and fall this, but one , an offspring of an executive from a taiwanese company was described as having attitude issues. ,e was a chronic napper prolific napper is the actual word. son of candidate was the a deputy minister of a chinese government agency was described worste-mail as one of the business analyst candidates they had ever seen. this goes to the root of the problem, the antibribery issues that the u.s. laws have, and this is what the u.s. -- assistant u.s. attorney ge

j.p. morgan's house. emma: what about a woman? a ton of women on the wall. >> my favorite i am puerto , rican. i'm a big fan of sonia sotomayor. she is a type one diabetic like myself. she had me at hello. i commissioned an artist. she did the majority of them. she does great work. emma: they are stunning. thank you so much. since we are on the subject of drinking, we took a trip to bollinger vineyards to see how they make their vintage champagnes. >> in the heart of france's wine country, there is a very special champagne made in the bollinger vineyards. vines"ns "old french fin because it is made from rare vines. a disease-1800's, ravaged almost 40% of france's vineyards. this small plot of bollinger never caught the disease. >> i do not know until when either. maybe in europe, we will have normal. >> about 40 workers specially trained to handle the delicate, extra ripe grapes, harvest the whole plot in just two hours. the grapes are immediately pressed on the bollinger property. it is then taken from barrel to bottle. >> you pu

j.p. morganse will pay $200 million as early as thursday to federal investigation into hiring practices in china. the bank is accused of him pointing children of officials .o win there is a three-year inquiry into bribery laws. tencent's paying spree is hang off. they're helping to offset the slowdown in china and fuel its bottom line. however, net income was 10% below what the market was expecting at $1.5 billion. he has challenged his knee with a second project announced in a week. they want to build theme parks a similars in china, project will be created in another province. they want the same city complexes across china by 2020. u.s.'s holdings of treasuries have declined to the lowest level in four years. they continue to do so, drawing down to support the following -- falling yuan. frome latest data is september. time, the chinese were defending the currency from depreciating too much ahead of the inclusion. billionsaw, the $28.1 dropped down on u.s. treasuries in september from august. a

goldman, j.p. morgan all helping the dow right now. take a look at the sectors.ep moving every single day. there's the leadership group. industrials and materials. this is more of the same essentially from what we saw last week. tech lagging again. and energy, oh, brother, and oil at $42, the lowest since august. that's a bit of a problem that we've got here. banks, again, take a look. all 52-week highs. all the money centered banks are at new highs essentially, and all of the big regionals, your zions, keycorp., comerica, same thing we saw on thursday and friday. a lot of optimistic talk over the weekend about growth prospects, things changing. ed hyman at isi, similar comments to a lot of people saying trump's victory was a game changer. very bullish on the economy of china thinking perhaps china's gdp could accelerate to 9% in 2017 from 6%. that was a bit of an eye opener for me. and you heard carl and jim talking about the earnings situation. earnings stronger than expected. q-4 numbers not coming down as much. and the brexit exit -- brexit risks, excuse me,

. >> i hear you are also a fan of j.p. morganrolled thomas edison. >> what about a woman? there are a ton of women on the wall. >> i am puerto rican. i am a big fan of sonja sotomayor. she had me at hello. i commissioned an artist. she did the majority of them. >> they are stunning. since we are on the subject of drinking, we took a trip to bollinger vineyards to see how they make their vintage champagnes. >> in the heart of the french there are the old french vines. in the mid-1800s, they were ravaged almost 40%. this small plot of bollinger never caught the disease. i do not know when. >> about 40 workers specially trained to handle the delicate, extra right grapes, harvest the whole plot in just two hours. the grapes are immediately pressed on the bollinger property. barrel to taken from bottle. >> you put the bottle in our seller and when the wind is ready, we sell it. we sell 1000, 2000, or 5000 bottles a year. -- eurosls for about and up to 5000 for older vintages. >> it is very powerful and very fresh. it is amazing what g

here you see some new highs in the financial, j.p. morganmorgan stanley, zions, regions financial and keycorp. so the reflation trade is basically you're going out of internet, media and tech stocks and some telecom, interest rate sensitive. and you're going into energy, and materials, and industrials and banks. call it a reflation trade, whatever you want. there's another way to look at it. put up the second full screen. you can go out of low volatility names, out of consumer staples for example and going into growth names, going into financials, energies and industrials. there's actually a way to look at this at an etf structure. you put up low volatility etf, it's called the sphb, against the high beta etf called splv, and you get very interesting trade. in the last couple of days that high beta, there's that white one, has been notably outperforming here. that's energy, health care, financials and some tech. low volatility staples. you see the markets already moving in that direction. we see some infrastructure stocks hit new highs as we

. >> maybe not, j.p. morgan institute says, the study suggests the time change may not be good for us at all. car accidents, workplace injuries, cluster headaches, depression and even heart attacks seem to increase when >> when you wake up at 7:00 it's still dark out and it's like, you know. ugh. >> over the past search years there have been bills introduced in florida to change the times but none passed, mixed emotion,. >> extra light out until 9:00. >> i'm with you but i'll take the extra hour tonight. >> the bolts we'll show you what happened. putting a wife to work is a very dangerous thing. when i come home and dinner's not ready i go through the roof. grab 'em by the p****". when you're a star, they let you do it. you can do anything. i'll go backstage before a show... yes.. and everyone's getting dressed. donald trump walked into the dressing room while contestants, some as young as 15 were changing. standing there with no clothes. you see these incredible looking women. i'd look her right in that fat ugl

. >> she kept the house from her ex-whose family founded j.p. morgan chase. the home is worth an estimated $8 million. >> everyone likes to see the elevator. >> as real housewife of new york city, sonia always knows where the party is. >> and the party, well, it's usually at her place. >> let's get the most action. have i board meetings here, fashion meetings. cocktail parties. >> the elegant feast goes down on the second floor. the dining room leads into the mahogany kitchen. >> i have great views. >> the third floor or should we say master suite. >> did i lock these closets? this is where i keep all my good stuff. >> her teenage daughter holds down the fourth floor. if you're a guest, it's a five star service with the fifth floor to yourself. >> you can take the straight up. >> what's her lavish item in the home? >> i have shoes. you know anywhere from $10,000 to $12,000. i've had christian die or shahs i put down for a second on the bar and a housewife puts their purse on top of it. >> still ahead, more rehousewivs. we're at the downsized home of kelsey gr

. >>> j.p. morgan chase will pay $264 million in fines to settle chinese officials to gain access to banking deals in the country. the bank will avoid criminal bribery charges. >>> the number of new account openings at wells fargo is way down. they plunged 44% in october. the bank suffered serious backlash over revelations that 2 million unauthorized accounts were open in customer's names. the new head of community baking -- banking says they realize they have work to do. >>> disney will be lighting up the sky with is -- intel, disney is producing the show. it will feature 300 shooting star grounds in each performance. that is impressive. the drones are equipped with four led lights. they can create more than 4 billion different color combinations. that's where i'm not impressed. from a distance. of now it's moving. starbright holidays will take place at the disney shopping and entertainment district near orlando. i could watch that for a while. >>> signing up for amazon prime is getting cheaper for on

could j.p. morgan go to 100? is it a possibility?f course it's a possibility, is it in any way a likelihood? >> if trump does cut taxes and boost spending, and you're on the fed, that's not one and done even though you have low inflation. i think you would say -- those things are now pricing mobile rate hikes. morgan stanley by the way, they've always been doing well. but no one seemed to care. suddenly like people say, you know, i care. gary cohen on yesterday, listen to him, raise the volume. >> it was interesting and listening to immelt as well, but there's the other side which is immigration and what kind of a mitigating factor will that have if you really start to deport a lot of people. >> right. hawkish fed. >> and then trade. >> right. >> a lot of people come back to in terms of trade and particularly that relationship with china and what that will do if they really meaningfully go. >> ubs had list of companies most impacted by increased fiscal spending, key, fifth third, bank united along with the general dynamics -- >> you

like the ceo of bmw, or on the treadmill like the ceo of united, or jimmy lee, the head of m&a at j.p. morgano what do workplaces eed to do? what do tech companies need to do? ms. huffington: they need to make it very clear that there is a time when work ends, meaning you're not expected to be on all the time. you know, you talk to people who ork at google and there is a green light meaning you're still on, and there is this competition. are you on all the time and that's supposed to be good? or how quickly you return texts and e-mails. hat is a culture that is barbaric, and that is changed by making it clear from the top. that is what we are doing at "the huffington post." when your work ends, you're not expected to be available. if there is something urgent, we will reach you but otherwise that's your time to recharge and return fully recharged to the office. mily: you started your own business. why don't more women start companies? ms. huffington: there is something about risk-taking. i think living in institutional barriers with personal barriers, we have a harder time being disapproved o

j.p. morgan asset management.markets, but you wouldn't know it if you looked at the change. major next hour, steven of hsbc on the most interesting idea, of when the facts change, he changes. this is bloomberg "surveillance." good morning. ♪ tom: this morning, markets transition quiet as the president-elect transitions to choosing his cabinet. finalists have been selected. there will be inflation then back to lower for longer. speaking of inflation, the will let janet yellen overshoot. we are live from london. i am tom keene. new york city in the backdrop here is the turmoil of fifth avenue, where the president-elect lives. seeant you will reduced earnings adjacent to mr. trump's about. -- abode. francine: here in the u.k., welcome to my town. we have weakness. .etail sales surging we see a lot more traveling. it is confounding economists who ugly.rexit would be very welcome to london where it is cheaper and colder. tom: it has been good. steven meijer will join us in a bit. right now, you need a news update on th

j.p. morgan's ceo sent a letter to his staff -- starbucks' ceo told his employees they should give trump the chance. general motors is laying off more than 2,000 workers at the lay offs start in january. they say they're shifting demand to cars. starbucks actually asked customers to submit their own designs and starbucks chose 13 from about 1200 submissions. they're giving out buy one drinks get one free today, tomorrow through mo 2:00 to 5:00. pretty good deal. >> it's a sign of the seasons i guess. new starbucks cups. >> turn of the corner. >> reporter: one of you guys buys, the other gets it for free. >> buys, free. buys, free. >> he's making me buy mine. >> reporter: alan, is that nice? >> i'm in the spirit this morning. and boarders. loveland is usually one of the first to open each year and workers are struggling to keep the snow from going away due to record high temperatures. but loveland says they will be ready. >> we're going to have top to bottom run. thousand vertical feet. tree to tree coverage. 18-inch base. >> these are pics from keystone where the snow guns are at work. they

but look, j.p. morgan went up 127%, during the same time the market went up 150%. so ms. waters is incorrect saying this is all just a trump rally. second of all, hadley talked about a pro-growth environment. i 100% agree. i think the best way to do that is once again let the market dictate. i think there should be fewer regulations in the financial industry. in fact, during the financial crisis that we had back in 2008 i would have been happy if hundreds of banks had gone out of business. that's the way it works. instead, we stepped in as a government to protect them and let the ones that were too big to not fail, we didn't let them fail. we're getting back to that same point now. we'll probably have some other crisis. i'd say let the next whatever it is, citi bank, bank of america, fail, that's called creative destruction. that's what we're working against. >> the democrats are bugged by the rally in the financial stocks, the rally in the energy stocks, those are two industries they hate unless they're getting political contributions. >> they were briefly in the cycle a

. >> reporter: kristin lemkau, is a marketing exclusive at j.p. morgan chase who averages 6.5 hours of sleep a night. her company is healthy lifestyle. >> there has to be time when the brain slows down and you can get more sleep. the biggest mistakes i have made in my life recently have been when i'm tired. >> reporter: the new report by the rand corporation finds 45% of american workers get less than seven hours of sleep a night, and that is costly to their employers. dr. charles sizeler directing the sleep health institute at brigham and women's hospital in boston. >> people are exhausted, they don't have the energy. sometimes they can't even get to why there are six lost work days per year, additional lost work caiz, in individuals who sleep less than six hours a night. >> reporter: and lack of sleep makes workers less productive. >> if the people who slept less than six hours a night simply upped the game a little bit, that would save $200 billion a year in lost productivity. >> reporter: lack of sleep causes accidents and is linked to heart disease,

we will ask j.p. morganagement for their opinion of the shenzhen-hong kong connect. ♪ we have had the trading day for 14 minutes. let's look at the market, some analysts getting more bullish. haidi: we are talking about casinos, and whether the worst is over. hsbc think so. we are looking at a broadly higher market when it comes to greater china, hong kong, shenzhen, and shanghai. some risk aversion ahead of that opec meeting in vienna. 3%.m china holdings up over back, breakingng that trend. in gm china raised to buy from hold. melco reduced as well. we are also watching the chinese banks. we have a story, we crunched of the numbers of bloomberg. it looks like the pboc has done some stealth tightening. they are putting money through these 14-day and 28-day operations. one analyst saying this is tantamount to a 25 basis point rate hike, so a little bit of tightening going on quite late -- quietly. to thewhen it comes banks, bank of china, a-shares listed in hong kong, now over 1%. china's construction bank a

. >> the end of daylight saving time could do a number on the economy, a new study from j.p. morgan chase showing we are more likely to spend money at time rather than at the end of it, that may be because with less sunlight at the end of the day we just want to go home after work. in case you didn't know, why we have daylight saving time to begin with, in the first place the idea was farmers pushing forward, that is a myth. >>> we are being told it started in germany in 1916 as a way to try to save energy your history lesson for the day, the us started doing it in 1918 for the same reason. >> either way i am a fan of getting the extra hour of sleep. >> i'm taking it all day to the bank and shay claims the weather will be beautiful this weekend. >> if you are wondering what time will the sun come up and set with this fall back? on saturday we are waking up sunday after the time change, the sun rises at 6:45 and sets at 5:42, so it is getting dark pretty early. i don't know about you but with little kids the fall back i never get the extra hour of sleep but i will try really hard thi

in the past it has been felt it had helped the economy but j.p. morgan chase people says the waste in spending wiems out economic boost from springing forward. >>> here's what we're working on for the 11:00 news. star power, and the presidential election, more on theon presidential nominee tim kaine and another star who joined him on stage, their fight for voters. and scary moments caught on camera as the republican presidential nominee was rushed off stage in nevada. plus, the new details in a largo homicide overnight. that and much more coming up at i'm hillary clinton and i approve this message. donald trump: i could stand in the middle of 5th avenue and shoot somebody and i wouldn't lose any voters, okay? and you can tell them to go f--- themselves! you know, you could see there was blood coming out of her eyes, blood coming out of her wherever... you gotta see this guy. "i don't remember." >> i have run and won eight elections, this is my ninth election, oh by the way, i'm going to be 9 and 0 on tuesday, i don't lose. >> more on a free show where ka

there is one copper etf in registration from j.p. morgan. people thought it would be too expensive or too high. >> on one hand you have infrastructure spending and on the other hand you have relations ships with china. -- relationships with china. there have been losers in the days. guest: this is the big loser. first you have this america first trade policy under trump. then you have the rising rates. we were always wondering whether this rally would blast rising rates. em debt getting killed and the mexico etf getting destroyed. $500 million in new creations. julie: still ahead alibaba president joins us for a look at single stay. -- singles day. mark: i am mark barton. julie: i'm julie hyman and this is "bloomberg markets." vonnie: we have more from new york. >> donald trump promising a busy day, but isn't sharing any details. will soon behat he making some very important decisions on the people who will be running our government, but trump staff has not offered any guidance on what is on the schedule in the coming days. repealing obama c

ims metal getting an upgrade from j.p. morgan.essure across the asia pacific for pharma companies. here is one. u.s. authorities might be filing the first case regarding this price-fixing investigation they have undertaken. we could see those cases filed before the end of this year. , takata reaction declining amid reports or will be filing for bankruptcy for its u.s. unit. kkr dropping out of the race. , we are overn here. there we go. look at the map. we have a little bit of a spec there. philippines up for the first time in nine days. fourberg has been down for straight days. we are approaching a key support level for taiwan, the 100 day average. blowing past the 50 day, there we go. hopefully don't hold. we will see what happens next week. not a lot of risk ahead of the big weekend on the table at the moment. things are being put aside until we get more certainty with a certain event in the u.s. next week. rishaad: a look at the business flash headlines. resuming his training day, suspended after reports that the u.s. division

because a global payment franchise that drives jpmorgan, we are not a proponent of splitting up the j.p. morgan brand, but there is such a depth in management, that it is also not the worst thing in the world that could happen. it is a good thing, but i think relative to the other space, they could repair for that and do that. we are not calling for glass-steagall, but there are mixed signals coming out of the president-elect. mark: we have seen a big outperformance in morgan stanley's shares, relative to the s&p 500, since february. you say you still like the stock. how is that? david: we upgraded the stock several times, we upgraded recently when it hit its low around $25. it, it is ank about proponent of both leverage to improve economic activity, goldman and morgan are underwriting equity capital --kets, so that is a big when you think about morgan stanley, their guidance for next 9% to 11% r.o.e. with improved economic activity, and a cost cuts and restructuring, that will be another lever to increase estimates. morgan is a name that people want to get behind, it is a business model geared

mark: still to come, chief investment officer at j.p. morgan on all the latest central bank decisions. we are one hour 30 minutes away from the end of the thursday session. ♪ from new york, i am vonnie quinn. mark: welcome to "bloomberg markets." ♪ vonnie: we take you from london to hong kong and cover stories at a paris, new york, and egypt over the next hour. bank of england governor mark carney says they can move either way on costs depending on how inflation develops. the federal reserve also leads rates changed. the pounder climbs the most sent august as they ruled the government must hold the vote in parliament before starting the two-year countdown to brexit post-up theresa may still saying she plans to pull the trigger in march. vonnie: the securities and exchange commission is launched an investigation into wells fargo. the same day, we have

of attempted assassination j.p. morgan jr. at his home in long island by a deranged german connection tod no the german government. there was a bomb planted in the vice president's office in the by the same ing man. hose who know the story of jersey city know there was a pier who took munitions from the heartland overseas in. july of 1916 german agents blew blackier up, known as the tom explosion. it's now where liberty state park stands today. to the back the piers are still there. you can see the outline of them and there is one terribly worded to tellqviste-- tell investors happened there. > they expelled two german diplomatst one of them went on to become the last german chancellor before the accession adolph hitler. there were allegations that erman officials were trying to buy american newspapers and even rying to rig american elections. h.l. came forward with a plot that gaerl agents had approached and useuy his newspaper it as a mouthpiece for german worldwide. his response, i am american and born of american parentage

dimon of j.p. morgan chase and others. oliver: you did a great job dissecting how we got to this point and what happens and you look at what's coming and have good analysis on what we can expect next. you approached how to look forward. ellen: we divided the 20 pages into politics and policy. when we got to policy, we were looking at what president tromp will confront as he tries to get his policies through. we looked at how it was possible to change the course on crime -- on climate, how it was possible to change trade and how it will not be so easy to do what he has been planning to do and what it will take to get those initiatives through. carol: there has been up pushback against wealthy people in the country. that's who donald trump is but the people who supported him saw him differently. >> they see trump as somebody who built real things. he did not do something you can explain to your mother-in-law. he built a building and you can see it. you can buy the tie or the cologne or the golf course, you can see it as tang

manus: it's interesting, we have a report from j.p. morgan.ale of it is "i recount go let's talk about the fed. i love what you like about this. -- i love what you have written about this. trump goes to the white house. nominationsence to next year. has the fed really become that political? >> there's a lot of talk of a hillary victory meaning a rate rise in december. the fed is there to monitor the economy. and get monetary policy to a level that is sustainable and manageable. it's not a political entity. the problem really pecans what happens with the influence on the fed? -- the problem really becomes what happens with the influence on the fed? trump says he is going to dissolve the political part of the fed, and you would look to see yellen moving out. no what does that mean as it ianslates across the globe. don't think the u.s. economy in any way portends any sort of inflation. so i do not think we are in for rate rises. the global markets are very fragile. to put some political or economic validation in front of what is right for the mar

. >> she kept the house from her ex-whose family founded j.p. morgan chase. thmee ho is worth an estimated $8 million. >> everyone likes to see the city, sonia always knows where the party is. >> and the party, well, it's usually at her place. >> let's get the most action. have i board meetings here, fashion meetings. i can having friends over. cocktail parties. >> the elegant feast goes down on the second floor. the dining room leads into the mahogany kitchen. >> i have great views. >> the third floor or should we say master suite. >> did i lock these this is where i keep all my good stuff. >> her teenage daughter holds down the fourth floor. if you're a guest, it's a five star service with the fifth floor to yourself. >> you can take the elevator straight up. >> what'ser h lavish item in the home? >> i have shoes. you know anywhere from $10,000 to $12,000. i've had christian die or shahs i put down for a second on the bar and a housewife puts their purse on top of it. kelsey grammer's ex-. kamil grammer's $75,000 bathroom remodel. >> the square footage is a

. >>> j.p. morgan chase will pay more than $264 milli accused of hiring friends and relatives of chinese officials regardless of the person's qualifications in order to gain access to banking deals in that country. the fine will be paid to the feds and the bank will avoid criminal bribery charges as part of the deal. >>> vice president-elect mike pence is back on capitol hill today. he met behind closed doors with house speaker paul ryan in preparation for the transition of power in january. the gop leadership conference. the house gop tweeted about this photo of all the members huddled behind the vice president-elect. mike pence is also meeting with democratic leaders today. >>> governor rick scott is in new york city today meeting with donald trump. that is field with speculation that scott will be offered a position in the administration but it is more likely an offer will be made to pam bondi was celebrating her 51st birthday today. mike has the latest >>> last week the governor offered a flat know

living in new york, i've been >> she kept the house from her ex-whose family founded j.p. morgan chase. the home is worth an estimated $8 million. >> everyone likes to see the elevator. >> as real housewife of new york city, sonia always knows where the party is. >> and the party, well, it's usually at her place. >> let's get the most action. have i board meetings here, fashion meetings. i can having friends over. cocktail >> the elegant feast goes down on the second floor. the dining room leads into the mahogany kitchen. >> i have great views. >> the third floor or should we say master suite. >> did i lock these closets? this is where i keep all my good >> her teenage daughter holds down the fourth floor. if you're a elevator purse on top of it. >> still ahead, more rehousewivs. we're athe kelsey grammer's ex-. kamil grammer's $75,000 bathroom remodel. >> theisa vander pump's $12 million pad kyle richard as a mansion. >> this is my treem room. >> inside an oc housewife's multimillion dollar home. we take some unexpected extra steps... to raise healthy chickens with no antibiotic

michaels, now is bob chief investment officer at j.p. morgan which oversees $1.7 trillion. der's heads in a spin at this moment? central bankers can even act because there is so much uncertainty surrounding the election, and brexit, and the supreme court. it is hard to know what to do with your money. bob: i think it is critical to focus on the central banks right now. they're telling us to have done enough and it is time for other policymakers to do something. if you look at the bank of japan which went earlier this week, there was an expectation that they might to guide the market towards an increased accommodation. they didn't. fed, theyk at the made it clear that december is most certainly on the calendar most of what i hear from mark carney is not we are going to expand the mother bond we buy, but the currency is loose and financial conditions enough. maybe that is enough for the time being. investors are trying to digest all that as well as the macro environment which has improved. quarterly earnings look pretty good. the stimulus from monetary policy doesn't have to

j.p. morgan chase has agreed to pay more than $264 million in fines to settle charges. ranking chinese leaders so it could win banking deals in the country. the assistant attorney general calls what happened corruption and bribery. >> the bank is going to avoid criminal bribery charges as part of the deal announced today.>>> if you're not already and amazon prime member now is your chance to save a few dollars when you sign-up. >> tomorrow the member price on sale for $79, $99 is regular. on shipping presents for the holidays it comes with other perks, free music special deals. a little something maybe you could help get that christmas gift for me. 37 days left. >> amazon just started delivering food for restaurants around tampa as well.>> or you can give me a gift card to this place. sprinkles bakery in tampa opening their cupcake atm j each one $4.25 from the machine which holds 400 cupcakes at a time, they even have dog friendly varieties, when the stores closed you can get a fresh cupcake 24/7 365. someone's diet is going to take a massive hit.>> they need that if y

we were speaking with nick cartwright from j.p. morgan asset management.t is interesting to see how markets are reacting to the trade story. but i have got this chart here, if you want to find it on your bloomberg. we had think commodities bouncing as a result of trump's victory. we have seen the index bouncing, not to the levels it was in 2013, but still bouncing. the market seems to be focusing on a pending construction doom in the u.s. yousef: it is a brilliant chart and actually, it is a great barometer for global trade. and we are starting from a very low point. so, if you think of where global trade expectations are come around 2.5% that is the lowest. exit patients are about 2.5%, and that is the lowest. generatewill need to it all internally. theit is realistic increasing crist. it probably goes further. anna: are there any indications that global trade will be threatened, then? >> very much in the short order is increased economic activity continues. then, there may or may not be a protectionist agenda that comes forward. manus: you said big spend

stuart: j.p. morganan all-time high, another one, by the way, it's a long string of the all-time highs. i want to bring this to your attention. interest rates rising rapidly, 2.23% is what the yield on the 10-year treasury is right now. scott shellady, this is unusual. interest rates up sharply and stocks at the same time up sharply. what's going on? >> that's a direct result of the last seven or eight years, winding this market together with the bank intervention and it may seem, the perception is we are going to take this off and get back to the quote, unquote, normal levels. i want to remind everybody, we began at 2.27. if we get there, 2.24 in 10-year. we've got unwinding to do to have the markets get where they should be not manufactured growth the last seven or eight years. stuart: i'm going to say goodbye to steve and scott. and steve is with us, you lucky guy, steve moore. look where the board is, exactly ten minutes into the trading session. it's not a huge rally, but it's a little more moving u