. >> john hancock. >> george washington. >> ben franklin. >> very dedicated to the costumes. jake made his wig. otherwise, i believe the costumes were ordered online. tell us how you got here. >> we drove from jersey this morning, arrived around 5:00 a.m. >> why did you want to come down today? >> just to celebrate america, celebrate trump, have a good time. spread positivity, visit our own home grounds. >> what all are you going to doing -- going to be doing well down here? >> just see what is going on. celebrate with our brothers here, and sisters, for america. >> and you are trump supporters, your excited. what do you want to see him focus on as a fellow president? >> just improve the country and get everyone getting together -- getting along together. >> just ending the wars overseas, getting that big corn reserve, maybe -- bitcoin reserve, maybe. >> just fiscal responsibility. >> are you guys warm enough right now? >> yes, ma'am. >> just warm enough. >> hand warmers. >> thank you so much for your time. host: tammy's out there talking to people as people are gathering in

john hancock mailed him a copy and on july 9, five days after it was signed, general washington wrote general orders to his men that they all should gather and should listen as the declaration was read aloud. these were washington's words to his troops. the blessing and the protection of heaven already all times necessary but especially in times of public distress and danger. the general hopes and trust that every officer and man will endeavor to live and act as becomes a christian soldier. that defending the dearest rights and liberties of this country. even in that historic moment, general washington encouraged his troops to first act as becomes a christian, then defend our rights and liberties. foreign a half years ago, we had the tremendous honor of celebrating america's birthday right here in south dakota. we had the celebration with fireworks at mount rushmore and -- honors president washington and three other monumental american leaders. we invited and welcomed president trump to celebrate with us and we are the first nation built on the principle that our rights come from god,

now, we can't see anything on the piece of paper that jefferson is handing to john hancock, who is the seated president of congress. we can't see what the declaration of independence says, but trumbull shows us things about the kind of society and government that these men want to have. one thing is that they are all civilians. when there is a war on, we can see the battle trophies hanging on the back wall. those are captured reddish flex and george washington wore his uniform to the second continental congress. but he's already been sent to be commander in chief a year earlier. so all of these men are civilians. there are no men on horseback in this room. they are also all peers. there are a coup of very wealthy men here. robe morris is one of the men seated in the row of sitting figures kind of in the middle left and in the light-colored suit. he is the merchant prince from philadelphia. behind him engaged a little conversation is charles carol, wealthy planter and merchant from maryland. when he signs the declaration, someone jokes, there go a few millions. but also, joshua bartlett

the president, john hancock on executive orders ranging from ai that we just talked about to the declassificationlated to the jfk assassination. he made some news by saying he will appeal the judge's ruling on birthright citizenship. no rest for the weary, all these wildfires spring to life in los angeles prompting more evacuation orders. live report on the devastation of all these local businesses have suffered. we will take a look at how the real estate market handles the destruction of billions of dollars of inventory. the agency found her joins us in studio on fox business. we will be right back. (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ oh, it's cold outside. time to pr

now we can't see anything on e piece of paper that jefferson is handing to john hancock who is the seatedsident of congress. we can't see what the declaration says, but trumbel shows us things about the kind of society in government that these men want to have. one thing is that they're all civilians. when there is a war on we can see the battle trophies hanging on the back wall and those are captured flags and drones and george washington had worn his uniform to the second continental congress, but he had been commander in chief. all these men are civilians and no men on horseback in this room. they are also all peers and there are a couple of ealthy men. he is seated in the middle left in e light colored suit. he's the merchant prince from philadphia. behind him engaged in a little conversation is charles carroll, wealthy planter and merchant from maryland. en carroll signs the declaration someone jokes, there go a few millions and josiah bartlett is here. he's the third from the left of the seated figures and he's a doctor and a farmer from new hampshire. and all these men are dressed

let's go back to the question of with the coaching investment strategist at john hancock investment management and dan clifton and tom back for more. matthew? >> i love hearing no new taxes, that was the word, the theme, what we are seeing is the midwest is booming, small business optimism is surging and the u.s. economy is re- accelerating. but, the old macro playbook of how to play this has changed, small caps were the best way to play a acceleration of the economy but we do not see that right now small caps, the russell 2000, 40% of the companies do not make money. what they would prefer is low interest rates and capital given to them instead of making the profits. mid-cap is the new small-cap. the profitability of mid-cap, starting to see the relative strength improve in mid-cap, more industrials tilting of the midwest, this x that will be coming to the economy, it is cheap, a valuation buffer to the highflying growth names and we are playing mid-cap into 2025. >> i love the passion. no new taxes, that was the message, is there anything on the deficit, treasury issuance and interest rates,

john hancock and sold lots of on duty smuggled tea from the netherlands. he also imported sold lots of duty tax tea britain so he was like any good merchant or any good politician, a liar, a cheat and a hypocrite. so i think that makes him a great american by default, right? diversify his business lines. oh, yes, yes, of course yes. all right. i saw another hand over here. hello. this is very interesting. thank you. you mentioned that as a result, the tea party there was this over reaction by britain and that ultimately caused the massachusetts population to decide to go in support of the revolution. so i'm wondering now have you noticed in your research? what what was the goal the end game for the or advisors of the tea party. was that really the end goal that they saw that happening or was it just to inflict damage? i say that, hey, you don't get the tax money and b, you don't get the revenue because of the is in the tea company was a british crown thing or was it just to say you know you know we don't want it or was it just simply one of these things th

jonathan: matt miskin, appreciated, sir, of john hancock. ll cool j, was not expecting that.iskin. and great i mean, it is tgif. jonathan: an update on stories elsewhere this morning with your bloomberg brief. tiktok voice to win a reprieve from u.s. ban. trump's team chinese owner more time. the transition gives trump's administration control over whether a ban is enforced. elsewhere, starbucks china chair resigning january 24, the ceo crediting him with transforming starbucks china into the company's largest international market. the departure amid a global management reshuffling at the company. finally, a concert to raise money for the los angeles wildfire victims will be january 30, broadcast on multiple streaming services and in amc theaters. billie eilish, lady gaga, red hot chili peppers among those to perform. that is your bloomberg brief. next, markets bracing for day one. elect papa day one, we will begin the largest deportation operation and american history. i will also terminate the biden- harris electric vehicle mended on day one. jonathan: day one around the co

joining us now is emily roland of john hancock.nt. emily: it's remarkable. one thing we have been watching is the moves in the u.s. dollar. one thing that is starting to constrain equity markets so far this year is the significant strengthening in the u.s. dollar. think about large-cap equities which were carrying the crown of leadership last year, 40% of the revenues are derived from abroad. that could be a significant issue for large-cap stocks. this morning we are seeing a bit of a modest pullback in the dollar. that is probably helping risk assets a little bit. jonathan: rates drive beta. foreign-exchange drives dispersion. are you seeing that on the s&p? emily: we are seeing a little bit of a broadening out of leadership. we are seeing some pressure on markets. what we typically see in these environments where bond yields are backing up, inflationary pressures are potential -- or potential pressures, value stocks do better. small caps get hurt. they have the highest levels of indebtedness which can be an issue when the cost of

emily roland of john hancock as stocks look to snap a five-day losing streak.. -- vote. tom narayan on disappointing deliveries. looking to snap the lungs losing streak going back to april -- longest losing streak going back april. heavy is the crown of u.s. large-cap stocks as we kick off 2025. the magnitude of outperformance in 2024 is not likely to be replicated. happy new year. good to see was always. do you believe this move in bond yields, in foreign-exchange is the beginning of hurting risk assets? emily: we do. you look at the leadership we have seen across u.s. assets. the stronger dollar is something that could be a self-limiting dynamic. you look at s&p 500 companies. 40% of the revenue of large-cap companies comes from abroad. you are seeing weaker currencies from other countries making their exports more competitive. higher bond yields are typically associated with the stronger dollar as well. you are seeing borrowing costs elevated. mortgage rates have over 7%. borrowing costs with credit cards are about 20%. probably should not mention that right