i want to get a check on the first word news with jessica summers. jessica: the bank of england stood in what was mark carney's final meeting in governor. officials voted in favor of keeping the key rate at three quarters of 1% but signaled that easing may be needed, cutting gdp forecasting and predicting inflation will only return to target by the end of next year. that prompted investors to predict a rate cut later this year. >> prospect farther out, which is the way we asked -- described it. that is how it all ties together. jessica: hong kong exports rose in december, snapping a 13 month streak of declines, the longest since 2016. it expanded $45 billion u.s., up from a year ago and beating economist forecast. imports fell just under 2%, widening the trade deficit to $4 billion u.s.. kongs the year, hong exports other biggest decline since 2009. u.s. air force's latest warplane is struggling with yet another issue. the pentagon says a 25 millimeter gun on the joint strike fighters can't shoot straight and has unacceptable accuracy. it is also moun

first word news with jessica summers.s policy is appropriate amid solid u.s. growth but admits there is a risk that inflation will all start at the 2% target. return claret i told the council on foreign relations that monetary policy is "in a good place and should support sustained expansion." the fed left rates unchanged and signaled a pause through this year. >> we want to distinguish between the baseline interview and the risks around that view. the private sector forecasters baseline view is for core measures of inflation to begin to move up towards 2%, but i would be honest in confessing that if there is a risk to that outlook, it is skewed to the downside. jessica: much of australia is bracing for the return of record hot weather this weekend as brush fires continue to burn out of control. thousands of people across the country are being urged to seek safety. state emergency warnings remain in place as temperatures looks set to rise. last year was australia's hottest and driest on record and the fires were seen by m

shery: let's go to first word news with jessica summers. ica: the senate begins the formal impeachment, swearingen officers for president trump's trial set to begin tuesday. democrats will try to force a vote on calling witnesses, white houseking chief of staff mick mulvaney, former national security advisor john bolton and other officials. they are also seeking documents the white house has withheld. digital banks may find it hard down under, even though digital traders have been rocked by scandals. five new online banks were licensed by the regulator last year, and more are expected in 2020. but according to the latest survey from consulting firm rfi, seven out of eight australians have no interest in trying a digital alternative. the eruption of a volcano in the philippines appears to be weakening, but officials warn there is still a chance for a massive explosion. up,ke in a crater has dried a sign of continuing activity. and earthquakes continue. access to nearby towns has been blocked and more than 120,000 people are seeking safety in

let's get the first word news with jessica summers. ities raising theill be cap on foreign ownership in the nations listed companies. china currently halts by orders from firms when they are holding domestic stocks. last year, the index compiler msci urged china to consider easing those restrictions. the vice chairman of the securities regular told us that that may now be possible. >> i think there's the potential to raise that cap to more than 30%. there were a few other countries who have a capea of 50%. why should china not do similar things? this has to go through a long process in our decision-making system. think that it's possible. jessica: president trump dominated proceedings and davos, lauding his economic achievements and attacking his political opponents, deriding his impeachment trial as a coach -- hoax. he says he wants a trade deal with the european union before the election in november by renewed his threats to impose auto tariffs if the block won't compromise negotiations. prime minister boris johnson's brexit bill has

i am jessica summers. this is bloomberg. so much, thanks jessica.till ahead, the bushfires in australia and they're hit to gdp. next. gdp.d their hit to our exclusive interview with the bank of thailand governor straight ahead. this is bloomberg. ♪ ♪ live: you are looking at a shot over the iconic sydney opera house, a milder day when it comes to the weather. air-quality starting to clear ahead of what is expected to be hotter temperatures going into the weekend. we are still seeing fires burning across large parts of australia, and they are not expected to come to much of an end. in terms of the market, a bit of a recovery when it comes to sentiment, affected by the iran-u.s. tensions, a calming down of the rhetoric by president trumpian let's stay with the bushfires. it may hit -- rhetoric by president trump. let's stay with the bushfires. difficult atis this point, particularly as the crisis rages and the insurance claims continue to come in. aredamage assessments pretty much a movable feast at this point, but what is your take on how detrimental

i'm jessica summers. this is bloomberg. on the for more coronavirus, i want to get our china correspondent in beijing. who aboutrom the .aising the levels what do you hear on the ground in beijing? >> after refraining from declaring this a global health emergency, they are now putting that label on it which allows easier international response. they cite the risk that this virus could spread beyond the few cases we are seeing around the world and that countries with weaker health systems are more vulnerable. the death toll has reached 170. we are now seeing 8000 confirmed cases. the number of confirmed cases in china now exceed the number of cases it had during sars. the decision from the who came hours after the centers for disease and control and prevention reported the first case of human to human transmission in the united states, of a woman traveling china, coming back and infecting her husband. even though the disease is heavily concentrated in mainland china, we are seeing cases in asia, europe, united states, middle

jessica you now to summers. jess. jessica: thanks, heidi. president trump said i would like to have witnesses testify at the impreachment hearing. high-profile figures can't be questioned because of national security concerns. he is reported to be ready to by former pearance security advisor john bolton and other potential witnesses. end of his davos trip, the president lashed out at his democrat critics in the and praised his own defense team. ever used dent has foreign e to compel a ation to help him cheat in our elections. prior presidents wob shocked to conduct.by such heidi: bank indonesia left its a chmark rate unchanged for third straight month, but left the door open saying the economic outlook is improving. kept the seven-day reverse repurchase rate at 5%. predicted by the majority of those we surveyed. the governor later said there is but bank indonesia it for the moment. they voted heavily in favor of he deal, agreed with the u.k. in october. it had earlier become british law after being signed by the queen. eu parliament technica

jessica: the summer is our first candle ever that we ever made.we'll have a whole candle lineup. monica: great. the essential oil, sea buck, and the full-size barn box. lemonis: the box thing is a great way to create gifts, centerpieces. monica: yeah. lemonis: anything missing? monica: um... yes, actually, a textile. lemonis: it's in the store. grab it, okay? lemonis: i'm comfortable moving forward based on four categories -- textiles and paper, number one, room scents, number two, gift box, number three, and then body care and skincare. now that we have the four categories that we're gonna move forward with, we can develop a plan of how we're gonna sell online and in the store. each category is scalable. for example, in the textile category, adding more scarves, linen, and paper will increase sales. in the home fragrance category, we can develop more candles, room sprays, and diffusers, including seasonal scents. the body care category includes a number of items, but it is anchored by monica's signature product, the sea buckthorn balm. and the la

devastating as well with a special report for counting the cost here is jessica washington in-built in new south wales. it's summer in australia and this orchard would normally draw hundreds of visitors who come to pick their own fruit this is just one of many small businesses devastated by the bush by a crisis almost all of the apple trees were destroyed by flames the trees were uninsured and it will cost the family about $1000000.00 to replant them and repair the damage my parents have ended for in the business for $35.00 yes. and yes it takes a bit of a toll emotionally when you say you put so much blood sweat and tears into. the for it and to say. the summer holidays is usually the busiest time of year for businesses in popular tourist areas tourists are encouraged to support bushfire affected businesses and the local economy but some have no products left to sell this is the worst that we've ever say we've had bushfires through here before we've never lost as much as what we have this time. you know we have like i said before house storms and things like that it's it's never been this bad many farms around au

jessica just and norma rodriguez hayward police detecte claudia mouse as the investigationstard at the beginning last summer when a rash of grab and run deaths were reported at the sthland mall with some employees being assaulted the actual i'd and still had the price tags. >>and sensors. so the families that are buying items. probably knew that e items were stolen now says the mall was the main target for the rodriguez sisters, she says each one of the numerous thef the sisters are tied to overthe months that it up to $10,000 worth of stuff often recriting other people to help out. >>when they were finall caught a teen tailers from the mall were able to identify stol stuff. all worth now says roughly $300,000 he was ery bold wih the sisters were doing they've all bailed out of jail, they were rain friday and are due back in court inarch in hayward felipe de gaulle kron 4 news also in the east bay concord pole say thieves took more than $7,000 worth of perfume. >>from an all to beauty store. police say the people you see here entered the store put perfume in black bags and then left without paying. it happe

3 and a half $1000000000.00 from the economy jessica washington reports and one of the areas worst hit this bushfire season the blue mountains. it's summer in a stray and this orchard would usually draw hundreds of visit has become to pick their own fruit this is just one of many small businesses devastated by the bush is almost old apple trees were destroyed by flames the trees were uninsured and it cost the family about $1000000.00 to replant them and repair the damage my parents had in the business for $35.00 yes and yes it takes a bit of a tall. much. the 1st. many farms around australia had already been suffering through the relentless drought and this bushfire season has just made this situation so much worse but the financial impact of this natural disaster won't just be felt on farms it will be felt around the country. this is a. bushfire emergency began months. and. the most severely affected areas only account for about one percent of the economy but the disaster is having a global impact. of tourism coming into this country people are already canceling and whether there's a cost associated with the. nation analysts have downgr

police for help last summer when grab and runs involved assaults on throughout bay area helped with the investigation. police say the case led them to three sisters, 27-year-old jessica rodriguez, 24-year-old yesenia rodriguez, and 33-year-old norma rodriguez. police say they operated out of two oakland homes with items from 18 stores including -- >> target, walmart, jcpenney, victoria's secret, home depot, lowe's. >> wow, it's a lot of stuff. >> reporter: those who saw the video seemed surprised families would buy the stolen goods. >> you can't do nothing about it. you can't go to the copsot lega >> right. >> that's the problem. >> reporter: police say the sisters were recruiting groups of thieves and this is an ongoing case. if you have any information that can help, you're asked to call the hayward police department. reporting live in hayward, i'm sharon katsuda, nbc bay area news. >>> now to our continue coverage of the 49ers in that super bowl. >> no more days off for the 49ers and the chiefs. both teams back at practice tomorrow. but it's not just the teams that are preparing for the big game. nbc bay area's raj mathai joins us live. it's everyone in miami prep

jessica just and norma rodriguez hayward police deteive claudia mouse as the investigation starte at he benning last summer when a rash of grab and run thefts were reported at the uthland mall with some employees being assaulted the actual itm and still had thprice tags. >>and sensors. so the families that arbuying items. probly knew that the items were stolen w says the mall was the main target for the rodruez siers, she says each one of the numerous steps, the sisters are tied to over the months that it up to $1000 worth of stuff often recruitinother people to helout. >>when they were finally caught a teen retailers from the mall were able to identify stlen stuff. all words now says roughly $300,000 he was very bold with the sisters were doing they'veall bailed out of jail, they were rain friday and are due back in court in march in hayward felipe de gaulle kron 4 news. >>and thieves goaway with more than $7,000 worth of per film in conquer this is saturday at the ultastore they were hit in the wilows shopping center on diamond out oh looat that. a couple of 2 or maybe 3 fees went in there they were dres

and a half $1000000000.00 from the economy jessica washington's reporting now from one of the area's worst hit this bushfire season the blue mountains. it's summer in a stray and this orchard would usually draw hundreds of visit has become to pick their own fruit this is just one of many small businesses devastated by the bush is almost old trees were destroyed by flames the trees were uninsured and it cost the family about $1000000.00 to replant them and repair the damage my parents had in the business for $35.00 yes and yes it takes a bit of. blood sweat and. the for. many farms around australia had already been suffering through the relentless drought and this bushfire season has just made this situation so much worse but the financial impact of this natural disaster won't just be felt on farms it will be felt around the country. this is a strong longest bushfire emergency began months. and. the most severely affected areas only account for about one percent of the economy but the disaster is having a global impact. of tourism coming into this country people are already cancelling . costs associated with the. nation analysts have downgraded f

latest estimate as jessica washington reports from below pin in new south wales fruit farmers are among the many whose livelihoods have been left devastated by the disaster it's summer in a strange and this orchard would usually draw hundreds of visit has become to pick their own fruit this is just one of many small businesses devastated by the bush fire is almost old apple trees were destroyed by flames the trees were uninsured and it cost the family about $1000000.00 to replant them and repair the damage my parents have ended for in the business for $35.00 yes and yeah it's it takes a bit of a toll emotionally when you say you put so much blood sweat and t's into producing the fruit and to say it go up in fines it's just devastating so many farms around australia had already been suffering through the relentless drought and this bushfire season has just made this situation so much worse but the financial impact of this natural disaster won't just be felt on farms it will be felt around the country. this is a strong longest bushfire emergency the fires began months earlier than normal and . the most severely affected areas only account for about one percent of the

and for receiving stolen property, jessica just and norma rodriguez hayward polie detective claudia mouse as the investigation strted at the beginning of last summer when a rash of grab and run thefts were reported at the southland mall with some employees being assaulted the actual item and still had the price tags. >>and sensors. so the families that are buying items. probably knew that the items were stolen now says the mall was the main target for the rodriguez sisters, she says each one of the numerous thefts the sisters are tied to over the months that it up to $10,000 worth oftuff often recruiting other people to help out. >>when they were finally caught a teen retailers from the mall were able to identify stolen stuff. all words now says roughly $300,000 he was very bold with the sisters were doing they've all bailed out of jail, they wererain friday and are due back in court in march in hayward felipe de gaulle kron 4 news. >>remains discovered along a river in sacramento been identified as a man who lived in the area. police say 25 year-old alex holden has been missing ever since new years eve, it was believed that he was walking to the