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louis' fed president, james bullard what been speaking in the last hour. he's been saying one interest rate increase possibly in december could be sufficient to bring u.s. monetary policy to a neutral setting. he went on to say the u.s. monetary policy outlook has not changed after the election. and that from the fed's point of view, a rise in inflation expectations is a good thing. >> busy day of fed speeches yesterday with boston fed president also weighing in saying he thinks a december rate hike is plausible barring any significant negative news. in september the historic dove joined the minority of policymakers calling for a rate hike. mr. rosengren said he is sticking with his hawkish predictions until year end. >> i'm looking forward that the economy continues to improve, and that it is appropriate to tighten in december. >> as you have been hearing as well, the dow posting a fresh all-time closing high yesterday. helped by an outsized contribution from goldman sachs, which was up by 14 points on the day. how long can the rally in banking stocks con

as for today, the trading week wraps up with remarks from several fed officials, bill dudley, james bullard, esther george, charles evans, rob kaplan and jerome powell. lots of fed speak today. lots more commentary to add to janet yellen's yesterday. earnings, results from foot locker and abercrombie & fitch before the opening bell. >> we are not done with retail yet. landon dowdy has three things to watch in abercrombie's report. good morning. >> good morning. the street is looking for earnings of 21 cents a share on revenue of $831 million. beyond those numbers, here's the three things to watch. first traffic and same-store sales. the teen retailer cited traffic headwinds in the domestic mall business and a significant drop off in tourism. investors will wanted to see if this trend continued in the quaushter and what abercrombie expects for the holiday season. the branding, the hollister brand has been losing steam, however they feature denim and other basics. in may, the company expected better results in the back half of the year. the third thing to watch, the one bright spot is its dig

louis fed president james bullard. matt? jon, thanks very much. jim bullard with us.ust finished a very interesting panel. one of the questions you were discussing was how trump's policies would affect u.s. growth. will fiscal expansion be re-inflationary or inflationary? >> well, i think the program does seem to -- of course, we don't know is probably the best answer. the things people are talking about have some potential to affect u.s. productivity and i think it should be focused on u.s. productivity. some of the regulation might be overdone. the republicans are betting they can roll that back and increase you dust -- u.s. productivity. the infrastructure program done properly could provide some public infrastructure, which could improve u.s. productivity and drive medium-term growth. some kind of tax reform -- that would repatriate growth back from overseas that could increase u.s. investment and u.s. growth. there is some potential here. we have a long way to go to see if that is implemented. then come on these issues that may be more concerning, which are immig

louis fed president james bullard. about have some potential to affect u.s. productivity, and i think it should be focused on u.s. productivity. i think the rollback of some regulation, to the extent you think some of the regulation might have been overdone, i think the republicans are betting they can roll that back and increase u.s. productivity. i think the infrastructure program, done properly, could infrastructure and medium-term growth. some tax reform that would repatriate profits from overseas . there is some potential there. there is a long way to go to see if any of that get implemented. and these issues that were mainly more concerning during the campaign, which are immigration and trade, to me, they do affect the macro economy, but it takes a long time to unfold. you have to negotiate over a long time with other countries and, so, i would see that as a five to 10 year horizon, which is outside the box for day-to-day monetary policy, and immigration as well. if you've got immigration reform , you change how

louis fed president james bullard.ek loss in a quarter-century. president-elect trump continues his marathon of

coming up tomorrow on bloomberg, james bullard will be on frankfurt,.v., in before the fed holds its year. there are tens of thousands of u.s. tech workers whose future is in doubt, next. ♪ >> one of the signature issues was immigration. ofthe newest edition bloomberg business week, we report that more than half of the u.s. start-ups worth at dollars have an immigrant founder, especially amazon and microsoft. trump has flip-flopped on the they don't count as highly skilled work. program is meant to bring in cheap labor. it,ing us now to discuss coming out in bloomberg business of charlesur guest, rivers ventures. first of all, the headline is talent."s got no what are you hearing? >> we're talking about tech workers here on visas who rely on the existence of nafta, on peopleas, these are creating important value for these huge companies and they are honestly unsure about what come next. we talk to people who are weighing whether they should go buy a house,ans to whether they are thinking about continuing to raise their children in silicon valley, where they don't feel as welcome as t

james bullard leaning towards supporting a rate hike. question is where it will go next year. he's one of six fed officials will public appearances today. >>> amazon is about to roll out its amazon prime video service in 200 new countries according to "the wall street journal." right now it's available only in the u.s., the uk, germany, austria, and japan. following netflix around the world, i guess. >>> meanwhile, gap shares under pressure in premarket trading. the apparel retailer did see after the close but saw its seventh straight quarter of sales. you see the stocks giving back. >>> switching gears to politics. president-elect donald trump has offered michael flynn the job of national security adviser. it's unclear if he's accepted. he serves as the president's top day-to-day counselor on foreign and military affairs. >>> former republican presidential nominee mitt romney will meet with donald trump this weekend. one of the issues to discuss, the secretary of state position. that's according to a report from nbc news. romney was one

coming up tomorrow on bloomberg, james bullard will be on bloomberg t.v., in frankfurt, 7:00 eastern, the fed holds its final meeting of the year. there are tens of thousands of u.s. tech workers whose future is in doubt thanks to donald trump's comments about immigration. ♪ emily: one of the signature issues that won donald trump the white house was immigration. in businessweek, we report more worthalf u.s. startups more than half of a billion dollars have immigrant founders. trump has flip-flopped on the h1b's do not count as highly skilled work. he said the program is meant to bring in cheap labor. join us to discuss, alan hewitt, who wrote the piece, and sar gyr. the headline of the piece is americans got no talent. tech workers are in limbo. what are you hearing? >> we are talking to tech workers relying on the existence visas, people working throughout silicon andey, creating huge value, they are unsure of what might come next. we are talking to people who are weighing buying a house, continuing to raise their children in silicon valley with a feeling they do not feel as welcome

. -- james bullard with matt miller in frankfurt, germany.date advances against the euro, a record winning round of talks. plus, a look at european stocks. 35 minutes until the end of the friday session. there is a headline. vonnie: headline out of the trunk transition team, one of trump's spokesman saying that their trunks -- that the trump and romney talk taking place on saturday [indiscernible] this is bloomberg. ♪ mark: 30 minutes left in the trading day, i am mark barton. vonnie: this is the european close on "bloomberg markets." ♪ mark: we are going to take you from new york to paris. cover stories out of berlin and the u.k.. here's what we are watching. the u.s. dollar touching it strongest level in almost a year in irvine by expectations president-elect donald trump across the pond, the euro suffering its longest losing streak on record. recall volkswagen will 30,000 jobs globally in a n agreement to come back from the omissions -- the emissions cheating scandal and invest in electric vehicles. three key appointments including jeff se

that's according to james bullard, the st. louis fed president said the possibility of regulatory reforms along with infrastructure spending could boost growth and far outweigh concern over market volatility. he added the fed's plans remain on track following the election results. mike collins is a senior investment officer. good morning. >> good morning. happy friday. >> happy friday to you. it's been a long and eventful week. do you think the fed's plans do remain on track? is it a given we will see a hike in december? >> we're been saying all along that there's a high likelihood there will be a hike in december. the bond market already elevated and i think they should follow the path and continue to hike. it would send a bad signal if they don't move in december. >> the rise in yields, we are just a couple days after the election. you would assume quite a bit might be technical initially as well. do you think that people are now thinking long-term inflation is going to happen? are we thinking we'll see a change in economic

. >> and i will be looking at speeches from james bullard.nd, indicators due out october tomorrow. thank you for watching. >> have a great evening. this is bloomberg. ♪ ♪ >> trump tower offering no new announcements today, but there was one whopper of a headline. mitt romney will meet with president-elect donald trump this weekend about secretary of state. donald trump says he is serious. what do we make of all of this? >> donald trump is watching the coverage of the transition.

louis fed president james bullard said no.are on track the same way we were before the election. i'm not seeing enough volatility to change my production -- change my projection. the fund bring in manager for m and g limited. it's great to have you in the studio. you followed greg's it closely and then came here to follow the u.s. election. everyone is trying to make election toom one the other. what are your observations coming from an outside perspective? there are parallels and there are big differences. the parallels are undoubtedly populism as an election strategy in there, there are a lot of similarities. popular -- populism was used during the brexit debate to create allies that were unnatural. what we see with trump when you look at the distribution of his supporters and what i would say is it's not a coherent set of policies. it's an electoral strategy but not a coherent set of policies. the mood in terms of the actual very different from the post-brexit world. the immediate aftermath is this expectation -- if you loo

anna:the interview with james bullard will be five minutes past noon u.k. time. welcome our guest. he is in town and joins us here in london. great to see you this morning. we ran through a whole host of opinions from the fed and a lot to watch on the fed story at the moment. the truth is we do not really know very much about what president-elect trump will do in terms of fiscal policy. we know a bit about what he intends, what he actually manages to get support for on capitol hill is another question. guest: he has moved the bond market away from sentiment. the -- there is the borrowing of is noty u.s. households going on. people worried about disco policy, there has not been a major move in housing stocks which would be the primary way that households borrow money, create more money in the money supply and it goes to work in the economy. there were certain industries, financials and health care. what could go on in the next five years regarded as regards this of hillary or donald, it looks very good. forward tore looking a tips auction in the u.s. a no-brainer

. >>> james bullard says an economic surprise would have to occur for the fed not to raise interest rates next month. bullard made his remarks at a london banking conference. he is a voting member of the fomc this year. snapchat filing for an ipo. the messaging app is expected to go public as soon as march. reports say the company could be valued between $20 billion and $25 billion which would make it the largest ipo since alibaba went public in 2014. snapchat expected to be the largest tech ipo since facebook's 20122 debut. >>> earlier this year right here on "squawk box," real estate titan sam zell said not to underestimate now-president-elect trump. he joins us now as chairman of equity group investments. sam, good to see you. remember you also acknowledged you hadn't done any business in the past with trump, but i didn't hear any overt opposition to him or endorsement of hillary clinton either at that point. do you care to tell us how you finally weighed in on the election or not really? >> well, i don't know that my vote is relevant. but -- >> in illinois, it probably wasn't. >> for