j.p. morgan healthcare conference in san francisco. rio will interview j.p. ef executive officer and chairman jamie diamond. you do not want to miss that. catch maria every sunday morning fox news channel for sunny morning features in this week's special guest is democratic california encouragement. catch the show at 10:00 a.m. eastern fox news and start smart every day here at foxbusiness at 6:00 a.m. eastern. that will do it for us. thank you for watching. see you next time. ♪ ♪ >> hello and welcome to wall street journal at large. happy new year and may i be the first wish you a successful and prosperous 2020. yes, you heard that right. 2018 ended in a dark cloud of gloom over the financial markets and of the money mavens and professional pundits are to be believed you may want to pull the covers over your head and sleep through 2019. is it all that grim? certainly plenty of reasons to have the bills

j.p. morgan healthcare conference in san fran, back in a moment right here. own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can

j.p. morgan healthcare conference in san francisco. rio will interview j.p. hief executive officer and chairman jamie diamond. you do not want to miss that. catch maria every sunday morning fox news channel for sunny morning features in this week's special guest is democratic california encouragement. catch the show at 10:00 a.m. eastern fox news and start smart every day here at foxbusiness at 6:00 a.m. eastern. that will do it for us. thank you for watching. see you next time. ♪ ♪ >> hello and welcome to wall street journal at large. happy new year and may i be the first wish you a successful and prosperous 2020. yes, you heard that right. 2018 ended in a dark cloud of gloom over the financial markets and of the money mavens and professional pundits are to be believed you may want to pull the covers over your head and sleep through 2019. is it all that grim? certainly plenty of reasons to have the bills on hand but finance markets got hammered and not in a good way. we prepared for the christmas holiday and last month with the worst december for stock since

j.p. morgan healthcare conference. >> welcome back..m. easement market higher this morning ahead of u.s.-china trade talks set to start day president is optimistic over talks. >> china talks are going very well. i spoke to president xi recently, i really believe they want to make a deal that tariffs have absolutely hurt china very badly, but our country is taking in a lot of money through tariffs a lot of money a lot of tariffs. >> futures showing markets fractionally moving dow jones industrial average up 30 points extending a powerful rally from friday s&p is down a quarter of a percent the nasdaq lower by 5 points fractional movers this morning. in europe market lower across the board to look european indices here we've got ft 100 down 33 points half a percent cac quarante in paris down 28 points two-thirds of a percent, dax in germany also down 61 points two-thirds of one percent lower there as well. asian markets higher across the board on heels of a huge rally on wall street on friday, at any better-than-expected jobs numbers, ja

j.p. morgan's healthcare conference.peaking with the chief executives of eli lilly and c.v.s. that's starting at 10:30 a.m. in new york. that's 3:30 p.m. in london. and this is bloomberg. ♪ francine: this is "bloomberg surveillance." tom and fran cry from london and new york. tom, glaxosmithkline is moving quickly to rebuild the u.k. pharma giant's position in cancer. this follows an agreement last month to buy drug maker for $5.1 billion. the chief executive spoke to bloomberg's taylor riggs about the appetite for m&a. >> weave just done rather a lot of activity in december. in fact, if you look across the year, we've really staged the portfolio quite aggressively. so we stopped in pharma 80 projects so we could focus on our big bets. we're now at the acquisition, and we also did a very exciting deal with 23 and me to build a partnership around genetic validation of new targets for our drug pipe line. and then we made a lot of moves in our consumer business, first of all, earlier in the year, buying out the novartis in

healthcare industry. what you think about the company and what you think about that assertion? b those three countries companies, brookshire hathaway, amazon, j.p. morgan, three iconic leaders, at any one time any of them say something people instead of listen. i think mr. buffett has probably been the most outspoken in terms of his particular frustration with the healthcare system. i think everyone has heard the phrase a hungry tapeworm and he has talked about 80% of gdp on its way to to 20%. and by the way, just about everything that mr. buffett has said, we absolutely agree with. with probably one exception. that the healthcare industry can and must be transformed from within itself. i think it's going to be very, very difficult for someone that isn't in healthcare to do everything, some of what i talked about earlier today. and, in part is breaking down silos. i mention healthcare is just, it's too silo and as a result it's too fragmented. and that's why if you're accessing the healthcare system, you feel that you are a ping-pong ball. you're going here, here, here and here before you're done. and gets back to our goal and our belief with assets th