cooper will be with jean-claude trichet. -- mr. hooper will be with jean-claude trichet.ut these brutal economic times. this is bloomberg. ♪ tom: good morning, everyone. good fed day. guy johnson in london. i am tom keene in new york. lots to talk about on economics, finance, and investment. we have done this before. this is the most important question of the day for any and all, including peter hooper of deutsche bank. dr. vivian lee is truly one of the jewels in medicine out of radcliffe, a rhodes scholar. she has done duty at new york university and now runs the university of utah health care system as the chief executive officer. she greets us on doctors and nurses. i want to know, with the shift from the affordable care act and obamacare to whatever is coming in our trumpian future, what does it mean for doctors and nurses? vivian: that is a really great question because there is so much conversation about what we will repeal, what will we replace it with, i am worried about missing the big picture, which means we need to get our health care costs down, that we need

here is where former ecb president jean-claude trichet had to say. jean-claude trichet: what is important is -- would be the exact way they will formulate their future. mark: join -- vonnie: joining us is vincent reinhart. also with us in washington, d.c., michael mckee. he will be covering the fed decision later today. with you.et me start at one point does the federal reserve need to address imminent fiscal stimulus and what kind of a problem they could hold for the federal reserve? vincent: that will be squarely covered in the summer -- summit of economic rejections. have to make a forecast for 2017 and beyond, and they will probably have to admit uncertainty is high. i do not envy what michael will have to sit through in the press conference because it will be painful. janet yellen will repeat over and over again all decisions are data-dependent and made meeting by meeting. fiscal trade policy, environmental policy, if it changes the outlook, they will take that into consideration. mark: just getting breaking news -- college and ohlone, who has b

alanivering greenspan and jean-claude trichet. plus, presidential pain?uries topping 3% would punish the markets. is financial repression finally over and is that such a bad thing? j&j one play. we have been talking about this deal. is the way clear? guy: we will watch that stock very carefully. it has cooled down sharply. let us take a look at the european open. the ftse is opening unchanged. we are anticipating the market is going to be a little bit more skeptical and cautious. 6962 is where we are. c eur on the back foot. i'm watching antillean, waiting for it to open. the boj unexpectedly increasing its super long bond purchases has put downward pressure on yields globally. 10 year yield down on treasuries and german bonds. nejra: it looks i be same is happening in the gilt market. down three or four basis points. very much following the trend of what is happening in global debt market. moving over to have a look at what is happening on the stock gets hundred and the sector breakdown. down 36 of a percent. stoxx 600 and the sector breakdown. 0.6%. rea

jean-claude trichet. interesting questions. you won't want it to miss it. >> we can't wait. rick santelli, take a look at the s&p here, we have new highs on the dow. the dow is up 106 points going for its best quarter since the end of 2013 and we are 97 points away from dow 20,000. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> dow 30 heat map. and, microsoft, intel, 3m, coke, disney, and procter & gamble, the only dow components in the red. >> i think that nike -- i've been waiting for that sleeping giant. obviously there's been foot locker has been saying, look, there's a lot of confluence there among under armour and adidas and nike but that is a

. >> anthony: right. >> pierre: and from jean claude, boom opened around the corner.ony: wait a minute. boom on spring street? >> pierre: on spring street! >> anthony: okay, wait a minute. i used to work at that store, at, before it was called wpa. so --. >> pierre: wow! >> anthony: we worked in the same restaurant kitchen. >> pierre: in the same kitchen. it's like --. >> anthony: downstairs kitchen. >> pierre: basement kitchen. >> anthony: it was downstairs. >> pierre: oh, i can't believe this, man. well, boom, boom was really the defining moment for me. boom had, like, this global ethnic/italian --. >> anthony: so you saw a window to start introducing african, west african flavors? >> pierre: yeah. >> anthony: and it, it worked. people were receptive to that. >> pierre: absolutely, yeah, yeah. ♪ oh, wow. >> anthony: tonight we're having yassa made with the local fish called thiof. cooked simply, on the bone, wrapped in foil, and steamed over the fire, served with a mignonette-type sauce of onions. grilled mussels. sea urchin. >> anthony: mm, grilled mussels, cool. >

i don't care if you act better than jean-claude van damme! you're in high school now.

time to lay back and enjoy some newly released jean claude van dam musical comedy. >> what are you doingeaving you. >> you brought shawn in just to eat your food for you? >> the gma producer. we all look alike. what do you mean? that wasn't shawn. >> how did you sell that, by the way? i need you to come with me on this shoot and just eat food? >> yes. >> i noticed, though, you didn't give up the cocktail, though. >> no, no, that stayed there. they are trying to do what they did for hotels and make gourmet. food there in the theater. i ate it. i did. i'm full. >> we need to talk about this. we do. did. i'm full. >> we need to talk about this. we do. i think you sound great. move over. easy booger man. take mucinex dm. it'll take care of your cough. fine! i'll text you in 4 hours when your cough returns. one pill lasts 12 hours, so... looks like i'm good all night! ah! david, please, listen. still not coughing. not fair you guys! waffles are my favorite! ah! some cough medicines only last 4 hours. but just one mucinex lasts 12 hours. start the relief. ditch the misery. let's end this. appr

it happened in the past with the same a prosecutor jean-claude marin had called for the charges of corruptione chirac to becque dismissed. expected at 3:00 p.m. french time. guy: what have we learned over the last few days? caroline: christine lagarde has faced very aggressive questioning over the past week. she was present at the court every single day. one weakness on wednesday was especially harsh against her. be the chiefed to of the french investment agency. madeys christine lagarde him sick when in 2008, she decided not to overturn the arbitration. he said that even if the chances of success of overturning this arbitration were one and 1000, she should have tried, however, christine lagarde says she received the warnings of this french investment agency, and she decided to act in the public interest. and decided not to overturn the arbitration so she faced very aggressive lessening here. /questioning here. she said on her last day, she did a final emotional plea saying she carefully was waiting the -- pros and can't weighing eighing the w pros and cons in this case. guy: that pretty muc

jean-claude juncker is listening. you wonder how many politicians are able to act on that call.el is the essential politician in this dynamic. to give too many concessions away too early on the fiscal side is probably not in her interest. maybe once the election season starts to get underway. this is not something i think she can really embrace quite yet even though it probably is the logical next step to help reflate the eurozone economy. anna: so germany remains the stumbling block when it comes to debt forgiveness or looser fiscal arrangements for europe that would mean a little more spending on things like infrastructure. tim: not just germany, but they are the two essential states in the eurozone. basically, what they say will dictate the policy. anna: what would the ecb story look like if we didn't have all this politics on the agenda? the fundamentals for the european economy. tim: they look fine. if we didn't have all the backdrop of the stories going on for the year ahead, not only would you be talking about purchases, ecb asset you would be talking about potentially th

we will hear from three former central bankers, alan greenspan, philip hildebrandt, jean-claude trichetg up. presidential pain. can your treasuries talking

the same prosecutor jean-claude called for the charges of corruption against former to beent jacque chiracssed and the judges found him guilty. christine lagarde was a lawyer for 20 years, so she knows that. she remains very serious when the prosecutor spoke. the verdict is expected here at 3:00 p.m. french time. anna: caroline, it started a week ago. what have we learned? weakness, bruno used to be in charge of the french investment agency at the time, was very harsh against christine lagarde. he said she made a mistake in 2008 not to overturn this arbitration. he said that given the chances of appealing this arbitration was one in 1000, she should have done it at the time. christine lagarde said she was aware that the french investment agency was against this arbitration, but she realized from her former chief of staff, in order to provide advice and to filter the thousands of memos, including from the french investment agency, that she received every year. richard did not come to the court. he has been charged in another investigation related to the affair. christine lagarde on the fina

on friday, european commission president jean-claude younger gives a keynote speech at an the event workinghe 25th anniversary. coming up on "daybreak," keyboard warrior. the commander in chief elect, donald trump, takes another shot at china after speaking to taiwan's president. see you in court? the uk's most senior judges deliberate whether brexit can still mean brexit. will that derail the government's plans? and one last her a. the economists see another euro area boost from the ecb reaction to mario draghi, but will it be the last? this is bloomberg. ♪ manus: 6:22 here in london. a beautiful day. you are looking over tory harbor. christine has the business flash. christine: thanks. rom unicredit, according to people familiar with the transaction. is valued at as much as 3.5 billion euros. a purchase of pioneer, which oversees about 226 billion euros, would be the biggest acquisition for amundi can propel it into the top ranks of global money managers with almost 1.4 chilean dollars in assets. native american of american and environmental protesters have victory, with the u.s. to nine

political cycle in europe would suggest government spending will be more accommodative, and also the jean claudere strong reasons to not expect miracles because in europe, essentially there is only one country that has substantial fiscal space, germany, but the government is reluctant to reduce this fiscal space. when it comes to defense new u.s. the administration might ask the europeans to do more, so there are pockets or sectors where we should expect more spending. a big push out of europe i think is not justified. tom: is the financial repression over? , is it finally all clear and they get a real return? fred: we are heading in that direction. we do not have it yet. tom: i agree. fred: if things play out the way the market is suggesting they will we will over time have higher interest rates and a much better opportunity for the retirees to put money to work. tom: but we are not there yet. fred: not yet. francine: fred lane of lane generational. we will be back with reinhard june. stay with bloomberg for all of the -- reinhard cluse. mario draghi will hold a news conference and we will brin

and i were talking a few days back to the former boss of the ecb, jean-claude trichet.urrent account surplus as enormous. it's only going to get bigger going forward from here. is that become a political problem for germany in 2017? >> not in 2017, i think. the pressures in europe will build over time. if you look at the electoral calendar in 2017, we don't see any big events triggering stress around the current account surplus. i think the issues you have, when you look beyond 2017, the pressures which have led to a rise in populist politics, not only within europe but in the u.s. around the world, those pressures are not going away. we have seen some improvement in global growth, and you still expect european growth to remain lackluster for a number of years to come. headwinds remain significant, the demographic headwinds, the productivity headwinds remain very significant. the results of those pressures is going to continue to build. i suspect we will still be talking about germany's surplus, about the imbalance in the european economy, for many years into the future

you so much.thank tomorrow on bloomberg, jean-claude trichet. ♪ jonathan: worldwide, a warm good morningid westin and alix steele are on assignment. 24 hours away from a fed decision. futures positive, up 65 points on the dow, and the bond market, treasuries go nowhere ahead of some more supply, this time at the long end. and cable, .2, a stronger pound in today's session. let's get you up to speed on what you need to know. donald trump to nominate rex tillerson as the secretary of state. the fed decides, the probability of a fed rate hike this week is at 100%, but the question remains, what will the fed forecast for next year? and getting back on track, uni credit planning a nearly $14 billion stock sale, hoping to attract investors with cost cuts and a balance sheet clean-up. and that wraps up what you need to know. we begin with our top story. president-elect donald trump nominating exxonmobil chairman and c.e.o. rex tillerson as his

francine: i remember being briefed by jean-claude juncker, saying he's never seen so little commonalitynations. that should make investors worry a touch. thank you so much, john and george. bloomberg's execute of editor for international government and george magnus. stay with "surveillance." plenty coming up. opec agreeing to its first production cut in eight years. renzi -- report card. italian gdp at 10:00. and are we seeing the end of the bull run? global bonds see the worst slump ever. we break down the market news to watch. this is bloomberg. and we are watching some live pictures of president vladimir putin in moscow. believe he is inside the kremlin, one of the houses to the left of the kubla, as he's giving his state of the union address. ♪ francine: you are looking at live pictures of the kremlin. this is the audience listening to vladimir putin. so far he has covered the domestic economy. he's said that inflation will be below 6% for 2014 and then he said he believes russia will achieve 4% in 2017. russia has had a huge inflation problem, especially when it comes to domestic