john mickelthwait is with us. i suppose president trump is going to fix this. n from that assessment to trump foreign-policy? john: i think they are quite connected. i do not entirely agree with him but that is the joy of having columnist. the interesting thing, that is quite close to the trump starting point. i think a huge factor in how america, the ignoring of america , was the decision not to follow up after syria crossed the red line. thing, aboutone thing being a superpower, when you threaten people you have to carry through the threats. the fact that obama did not do that i think did make it very much more likely that people looked at america and thought america does not carry the big stick. tom: you discussed those red lines with putin in eastern siberia. maybe it was japan. it, you talked to him about he had a real understanding of the red lines. where will they be next year? john: i have voice thought putin has a slightly strange relationship with trump because putin likes being mr. unpredictable and now he has somebody in the white house who --ld -- w

vonnie: bloomberg editor in chief john mickelthwait in an exclusive interview with russian president adimir putin. secretary of state john kerry has begun to speak, and you can watch that on your bloomberg at live go or bloomberg.com/live. he said he wants to share some candid thoughts on the middle east. this is bloomberg. ♪ vonnie: shares of toshiba plunged the most on record in trading in japan after the company said it may have to write down billions of dollars related to a nuclear power project. economies is a senior analyst for bloomberg. toshiba is talking about taking billions of dollars in write-downs. how did they come to the figure? >> it looks like they are related to the acquisition of a company called chicago british and iron about a year ago. they were the big contractor for the two major utilities in the u.s. that are building a nuclear plants, and it looks like it might have taken a full year for toshiba to work through all of the numbers. when i got to the end of it, they apparently realized i have a lot more cost in their construction project than they may be able t

coming up later today on bloomberg television and radio, our editor in chief, john mickelthwait withlagarde, director of the international monetary fund. that is 1:00 p.m. in new york, 6:00 p.m. in london. this is bloomberg. ♪ michael: good morning, i'm michael mckee in washington. francine lacqua is in rome. around the world, forex traders are watching the italian referendum and the u.s. jobs report. there is not a lot of movement anywhere as we wait for the data and the vote on sunday in italy. you get your biggest move perhaps in the euro-japanese pair. 3/10 decline. the mexican peso relatively stable, even though donald trump said he would build a wall yesterday. coming up shortly, "bloomberg daybreak: americas," with david westin in julie hyman. david: we have jobs, european risk in italy. mohamed el-erian will be here, talking about jobs, the consequences of a global economy, but also about european political risk, and the trump rally, which some people are expressing doubts about, including bill gross, who will be here with you, mike. apart, take those explain the consequences