jay pelosky will be sticking with us.k at some of the etf flows the what it means for volatility. is there more shakeout to happen in the exchanged traded products? we will talk about that. this is bloomberg. ♪ kailey: this is bloomberg daybreak. doing a casino mogul steve wynn has quit as ceo of wynn resort over a sexual-harassment scandal. he will be replaced by the company's president mathematics. the parent of snapchat has delivered its first upbeat quarterly report since going public last year. fourth quarter sales were up better than expected, 72%. the number of active daily uses rose 17%. that has shares soaring in the premarket. maybe in a galaxy far away star wars toys are a big seller but that's not happening here on earth. fourth quarter revenue fell 4% missing estimates. the company blames the bankruptcy of toys "r" us and sluggish sales of star wars merchandise. when you have a millennial falcon, you don't need 17 more. you didn't see the movie, did you? david: the most recent one, no. and: turning to the mar

jay polaski will be staying with us -- jay pelosky will be staying with us. trade talks, coming up. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. i am taylor riggs. is a clear sign that qualcomm is open to a takeover by broadcom. qualcomm has rejected a $117 billion offer. isugh weinstein company filing for bankruptcy production. it was rocked by harvey weinstein's sexual misconduct and they've been pulling project from weinstein in recent months. samsung has come out with its response to iphone x. has upgraded speakers and is hoping to the new phone will calm concerns ability toeo's manage the company. that is your bloomberg business flash. david: congress has a lot behind it with tax cuts and a budget deal but there is a lot on its plate. a key republican leader on all is senator rob portman of ohio. before taking his current position, he served united states trade representative and is director of the office of management and budget. we welcome him. >> good morning. david: let's start with tax cuts. lookhat it is over, as you at ohio, are you surpr