was always juliette.s a phase. and now, i realize that that was not the case. ♪ ♪ >> reporter: jackie even made a music video in tribute to their life-long sisterhood, to the ed sheeran song "all the stars." >> we kind of want it to represent us and for kind of everyone out there who is going through the same thing, and in honor of my sister. >> they're acting like we're these monsters. >> reporter: and her bravely as a transgender advocate, joining forces with lambda legal, filing a lawsuit in pittsburgh, after they voted to ban transgender students from using the bathrooms that they identify with. >> it invited even more discrimination, and i was called some pretty awful things. >> reporter: to your face or online or both? >> um, people would admissibmums they passed me. i remember last year, trash was thrown at me. >> reporter: it's the type of anti-lgbtq law that mike pence, the next vice president of the united states supported when he was governor of indiana. why is this a big deal? >> being able to

juliette saly has the details. juliette: we started the day with not a lot of conviction but things are looking brighter at the end of the day. some great games coming through in the australian market, higher by 0.7% at the close but we did see weakness coming through from the nikkei. not too much movement with the yen against the dollar. but this really is a story about the dollar index being down for a fourth consecutive session. weakness still coming through in that currency living support to the export stocks in japan. pretty good gains being seen in china. still one hour of trade there in the shanghai composite. up 0.2%. liquidity squeeze. ahead of the china lunar new year holiday. that is having an impact in shenzhen as well. a lot of energy players today. elsewhere, you are seeing the

here's the bloomberg first word news with juliette saly. juliette: thank you. donald trump has picked a wall street insider to the his top regulator despite railing against the industry on the campaign trail. clayton toinate jay head the sec. clayton has represented financial firms throughout his career, including goldman sachs during the 2008 bailout. trump has attacked his opponents for their ties to goldman and other wall street banks. will the perceived influence of goldman sachs on the incoming administration spark a demonstration at the bank's new york headquarters. about 40 protesters unfurled banners in the lobby before being ejected. they criticized goldman's role in the u.s. housing crisis and a history of former executive taking senior posts in government. they vowed to demonstrate again on january 17. the former head of the u.k.'s financial regulator has issued a rebuke to president elect donald

inauguration and beyond over the weekend, juliette. juliette: in mixed picture. a&p saying the markets are waiting for more evidence that donald trump will deliver on fiscal stimulus is deregulation. could see a bit of a correction in the coming months as well. the nikkei has closed down by 1.3%. toshiba is a standout at 9% and australia closed lower by .8%. you can see that those gold players were among the support of stocks today because we did cb gold price rise for yet another session. second -- over the weekend liquidity into the system to support the banking stocks ahead of the lunar new year holiday. you have seen a quite a bit of support for shanghai equities up by .2% hong kong looking flat. absolutely on a tear today.

juliette: thank you.elations closer to a trade war. tripresident scrapped his to washington after donald trump --bled down to read right rewrite nafta. the trump administration retaliated to the cancellation by floating the idea of imposing a 20% chance of all mexican imports. ubs profit tripled in the fourth rally infter a equities boosted the unit and wealth management. bloomberg's manus cranny spoke to the ceo. >> the most important thing for me is to see our clients are optimistic. there is a little bit of positive momentum, particularly with u.s. investors. turningthis could be a point, but it is important to see that the administration also puts in action their plans and gives our investors more confidence. juliette: german finance won'ter says creditors unlock financial aid to keep the country afloat unless the government in asset -- athens keeps reform promises. this after a meeting with his greek counterpart ended in disagreement. reese has less than a month to iron out conflicts to move forward

juliette saly is standing by with a business flash. juliette: thank you.wth accelerated for the first time in two years in the final quarter of 2016. gdp increased 6.8% from a year earlier. full-year expansion of 6.7% was in the official target range, but the slowest since 1990. economic stabilization is giving readers a buffer amid potential trade conflicts with trumps administration. toyota chairman says he has full confidence in his company's prospects in america. hisking to bloomberg, comments came in the wake of criticism from president-elect donald trump over the carmakers plans for a new plant in mexico. bit surprised that our name was mentioned by mr. trump. what he's trying to do is expand jobs and gain competitiveness of the u.s. industries. we have many factories in the u.s. and we've been increasing employment there, so i believe our contribution is quite significant. juliette: jpmorgan has given its ceo a $1 million raise after the bank's stock climbed to 31% last year. jamie dimon got a $28 million compensation package for 2016, 3.7% more tha

juliette saly is standing by. yen is getting stronger and the chinese equity market is also under a bit of pressure. good to see you, juliette. juliette: it is a lot about what is happening in your part of the world. this is putting a lot of pressure into sentiment. there is not a lot to give investors a reason to buy into the equity market in asia today. you have also got the inauguration of donald trump later this week and concerns about a potential u.s. china trade risk, so we have seen the .7%.hai composite off this is the fifth session in a row markets have been in the red and this is the longest losing streak we have seen since august, 2015, when you will remember we had that crash and the depreciation of the you want -- the yuan. infrastructure is one of the front-runners. recommended to shareholders. one of the best performers in australia. australia's market is actually outperforming the rest of the region on the rally we saw in deal prices. you mention -- steel prices. you mention the yen fluctuate again

juliette: that is your bloomberg business flash. guy: thank you, juliette. couple charts -- i want to show you what's going on. we just had a move below 1.20 on sterling. line, just 1.22 moved below it on this last bit, because the london liquidity is just coming into the market. the other thing i want to mention -- let's get through all this -- what's happening with this, moving sharply to the downside. this is on the dbrs news in terms of the downgrade. in terms of the details, this is a collateral issue. it means that the 10 year bond which used to attract a haircut is now going up to 11.5%. quite a decent chunk of change in terms of whether the bank operations will work. let's get stephen majors take on it. bit of a surprise. >> it would affect the way italian banks will price the trade with the bonds down the curve, because while the funding rate look attractive on the one hand, they now have to price in this increased haircut. i reminded of the speech the before christmas about sovereign risks and how they need to be a bigger spread between some countr

juliette? >> reporter: and keep in mind, this is a major back road that connects pinole and martinez, a lot of people traveling this road that's not there anymore. last night, a huge chunk collapsed and you get a real good sense of it from chopper 5. and now people are making a look. they can't believe it. work crews are going to try to repair this but it's going to take months. fortunately when this road collapsed, no one had tried to drive along it yet. >> our crews are out here dealing with mudslides last night. and they stumbled upon this around 10:00. >> reporter: ray martinez rides his bike along alhambra valley road often. >> a cruel reminder that nature is -- well, nature can be underestimated at sometimes. >> reporter: pinole creek flows under the road through a pipe that couldn't withstand the volume of water. this crack wasn't here a few hours ago. this ledge is basically just hanging in the balance and crews tell me it can go at any time. >> a massive hole. >> reporter: onlookers wa

does juliette saly have her crystal all out? inity markets seem to be moderately positive form. happy new year. >> my crystal all is at the workshop at the moment but suddenly we seem to have a positive start for the first major trading day of 2017. private manufacturing coming through at of china that showing once again some more robust signs in terms of that economy. the shanghai composite in late good up by 0.9% doing a boost to most of the markets in asia that are open today. japan is still closed celebrating new year and new zealand was also closed. we saw the australian sharemarket closed at its highest levels since the first of june. a strong rally for the asx 200. elsewhere, we have seen some

juliette is stand big in hong kong. >> thank you. china's growth accelerated for the first time in two years in the final quart over 2016. .d.p. increased 6.8%, facing estimates. 6.7% estimate was right in the official target range however it was the slowest since 1990. economic stabilization is giving a buffer amid potential trade tensions with donald trump's incoming administration. u.s. treasury secretary nominee steven me knew chen said he's being -- mnuchin said he's willing to label china a currency manipulator if warranted that comes despite trump softening his stance on china, saying he wouldn't name them a currency manipulator on his first day in office as previously promised. j.p. morgan gave its c.e.o. a $1 million raise after the stock climbed 31%.

we have juliette. take it away. juliette: thank you.million dollars to settle allegations by new york regulators that it helped wealthy russians laundered billions of dollars. the investigation relates to allegations that employees used trading scheme to help them of move $10 billion out of the country from 2011-2014. the u.k. financial conduct bank 163 find the million pounds over the laundering failures. fourth-quarter profit also doubled, and earnings revival saysd, japan's brokerage that incomes climbed to $620 million of the last three months of 2016. pharmaceuticals plunging in new york after a court ruling invalidated -- its top-selling middle school her sister. drugs thatition for count to 20% of sales. that thes had argued patent never should have been issued. it said it will appeal. unicredit estimated and 11.8 billion euro net loss in 2016 after setting aside more money for bad loans and one-time charges related to the turnaround plan. says it'sggest plan ratio was below the requirements because it lost charges to cover bad l

juliette: that is your bloomberg business flash. manus: thank you.sident obama is poised to handoff to donald trump the best stretch of job growth since the 1990's. the u.s. economy had one it is ,000 workers. the longest streak since 1999. we of the details. jobs in175,000 december. that is the projection for friday. highestld be the second reading since last july. bloomberg intelligence says there are three main points to watch in the december jobs report. the potential for a post election hiring surge. the durability of the recent drop in unemployment to 4-6 percent. and more clarity on wage pressures. wages first.t average hourly earnings are predicted to rise three tents of 1% which means you're on your growth of 2.8% and a postrecession high we last saw last october. wage pressures rising and businesses have to offer more money to attract more qualified workers from a poolking jobs pull -- which would benefit u.s. workers but the length of the workweek as not expected to change. it is expected to stand pat at 34.4 hours. if we saw an increase,

i am juliette saly. this is bloomberg. manus. manus: thank you.bakck to davos, man with his pulse -- finger on the pulse of the british economy. chancellort is the of the exchequer, philip hammond. people are trying to figure out how negotiations will go, what happens next, what do you see as a transition deal, how long will that last, are we talking 18 months or two years? guest: what the prime minister talked about is the need to move forward quickly after we served the notice to scope up with the and state will look like and get an agreement on a practical solution for the and the state of the relationship between britain and the rest of the european union area but recognizing that will take some time to implement. until we get into the detailed talks we cannot say much time am a we have to be pragmatic. they will be systems to be put in place, businesses will need time to make a transition. the clear message that we are giving and i think this works for britain and for europe, no cliff edges, known and change for business, plenty of time to ad

here is juliette saly. juliette: thank you.eorge soros has called donald trump a calm man and said he will fail because his ideas are contradictory and the new white house team will fight with each other. the billionaire investor also warned that the stock market rallies since the election spurred by promises to slash regulations and boost spending will come to a halt. janet yellen has backed a strategy for gradually raising interest rates. in a speech at stanford university, she argued the central bank hasn't been behind the curve, but admitted it can't afford to let the economy run too hot. donald trump is set to enter the white house. yellen said fiscal policy is one of the many uncertainties the fed has to deal with. the u.k. prime minister has offered her strongest support yet for the city of london has brexit moves closer. theresa may's comments come as large banks prepare to move staff abroad after the u.k. leaves the e.u. i financial services in the city of london. i want to ensure that we can keep financial services in

national security analyst juliette kai yam.l bernstein is also on the phone and senior political analyst david gergen. so we have a lot to get to this evening. so i want -- let's, carl, you're on the phone. just moments ago, the new acting attorney general, dana boente, just issued guidance on the travel ban to the department of justice and it says, and i quote here, i hereby rescind former acting attorney general sally q. yates on january 30, 2017, guidance and direct the men and women of the department of justice to do our sworn dudey and to defend the lawful orders of our president. what do you make of this? >> first of all, he's within his authority to fire her. i don't think there's any question about that, but it just contributes to the chaos that has been sewn by an order that ostensibly was made to protect the united states. but in fact, it's very obvious, was made to protect and advance his own political position, and at the expense of the national security of the united states. what we are seeing, in terms of the hast

in hong kong, that's where we find juliette saly. juliette: thank you.lectronics hit a record high after posting its best operating profit in three years. the world's largest maker of phones and memory chips is writing demand from china for semiconductors used in mobile devices and computers. the business has proved resilient to the loss of the galaxy note 7 after reports of devices bursting into flames forced it to withdraw the handset. donald trump facing pushback against his america first policy . he has been putting pressure on the u.s. auto industry to stop making cars in mexico and bring jobs back home. said sheary barra won't change production plans because the president-elect sends critical tweets. gm is shifting production of its compact suv from canada to mexico. you can see mary barra's first interview of the day from the international auto show. meanwhile, fiat chrysler is to invest in the united states, pouring $1 billion in two plants in ohio and michigan, expanding the jeep lineup and adding 2000 jobs. fiat chrysler says the plan will incl

here is juliette saly. juliette: thank you.eutsche bank is considering an unusual approach to giving relief to subprime mortgage borrowers. as part of a $7.2 billion settlement with the u.s. government. that is lending money to private equity firms and hedge funds. according to a person with knowledge of the matter, it is reviewing the option to lend to firms which specialize in buying governmentes from options and lowering consumers' obligations. a spokesman declined to comment. macy's plans to cut 6200 jobs by early 2017, about 4% of its workforce, after holiday sales came in at the low end of its forecast. the largest department store company in the u.s. cut its annual earnings forecast for 2016. mrs. shares fell more than 10% in after-hours trading. volkswagen has been told it must face claims it misled u.s. investors after installing so-called defeat devices in diesel vehicles. a san francisco federal judge rejected a request to dismiss shareholder claims against former chairman martin winterkorn, who said investors in vw'

here's juliette saly. juliette: the chair of the u.s. federal reserve said the u.s. economy is close to the objectives of full employment and stable prices. speaking of a night in san francisco, janet yellen said she is confident it will continue to improve and it makes sense to reduce the level of monetary policy support. >> i and most of my colleagues as a last month feel the members of the fed board in washington and the president of the 12 regional federal reserve banks were expecting to increase our federal funds rate target a few until by the end of 2019 it is close to our estimate of its longer run neutral rate of 3%. juliette: deutsche bank said that job cuts will continue even after it cut bonuses to senior staff according to a person with knowledge of the discussion. the person that another person said managers have been asked to identify the bottom tweet percent of performers in preparation for possible cuts. declined to comment on specific job reductions. goldman sachs may cut its london to 3000 workers while transferring some to other locations as it pre

kpix 5's juliette goodrich is live at the scene. >> reporter: market street shut down. police closing off the section. it has a lot to do with the wind we have been dealing with throughout san francisco. firefighters are keeping a watch on scaffolding that broke off the building. some danding and the concern is it will fall on to cars and pedestrians and that is why market at 7th street is closed to traffic. it is one example of what the rain and wind has done throughout the city. >> reporter: wood beams and sheeting couldn't bear the power of the storm. the scaffolding came crashing down this afternoon. and firefighters closed down part of market street as a safety precaution. and in laurel heights this tree came down on top of his car. >> heard a large crack. >> reporter: that loud crack, a tree branch that came crashing down. >> ran out and sure enough, you know, my car. >> reporter: santa clara avenue a similar situation. fortunately no one was injured. the big question now, will other parts of the tree come crashing down? if you take a closer look, you can see how

juliette, how complicated would it be to get mexico to pay for the wall?so as everyone who has served in government knows, an executive order can only essentially direct the executive agencies that are under donald trump's control. that would be the department of homeland security, customs, i.c.e. you don't direct mexico under an executive order. and i think, you know, the payment is relevant. what i'm looking for, obviously, for reasons related to taxpayers, but what i'm really looking for is where in fact this wall will be built. i think anyone who has worked operationally like myself, and i'll be honest, like the new secretary kelly who in his testimony said border controls are a combination of walls and surveillance and drones and border professionals, there's water, big rivers and mountains. i'm really curious to see if this executive order will actually have geography, will actually say where the wall will be built. and i think what we'll find is that the executive order just reiterates the campaign promises but probably doesn't do any changes operat

here is juliette saly.uliette: it is interesting because trumps press conference is risk aversion. we saw the 10 year yield on the 10 year note, dropping 3.4%. risk aversion, the yen also rallying. that does affect the nikkei down 1.5%. we are seeing some general solutions coming through in the region, particularly in the energy space. oil producers and shanghai really doing quite well today and oil in hong kong, even though we have seen a bit of a pullback in the crude contract in the asian system. that is 2.8% gain we saw wednesday the u.s. for the sixth week, giving support to the energy space. in japan, drug makers are under pressure given that trump comments on the pharmaceutical sector. exporters are being sold off on the stronger yen. in australia, a bit of weakness in late trade, pretty flat, new zealand has closed flat as well. the hang seng is down 0.3%, but this has been up the past five sessions. this is the first retreat on the hang seng and six sessions, and the competence index dropping for t

let's get the business lash with juliette saly. volkswagen is closing on a deal to pay $4.3 billion in criminal and civil penalties to settle a u.s. probe into the rigging of diesel engine emissions tests for the agreement which will include a guilty plea raises the cost of the scandal to more than 23 billion dollars in the u.s. and canada, we're above the $19.2 billion b w set aside to resolve the dispute. and winning a construction contract. plant and that u.k.. the french company will work with them on the construction on the buildings that will house the nuclear reactors. the company dealt to similar plants in england and france that use the same technology for their reactors. toshiba shares have risen on the company will deal with potential losses. the conglomerates mean ranks agreed to maintain financing through february him the recent credit downgrades may make it ineligible to receive loans. said "as toshiba's main bank, we will continue to offer support. mizuho declined to comment. that is your bloomberg business flash. an

a business flash with juliette. juliette: thank you.is being told it must face claims that it misled investors after installing but devices in vehicles cheating emission tests. they rejected a request to do miss the claims against the former chair who said investors in the american depositary could not prove he knew the extent of the company's diesel issue. a spokeswoman did not immediately respond to comment. deutsche bank is considering an unusual approach to subprime mortgage buyers. part of a $7.2 billion settlement with the u.s. government. lending money to private equity firms and hedge funds. according to a person with knowledge of the matter, one option is to lend to loan star funds, bad loans from government offices. totsche bank declined comment. apple is planning to invest $1 billion in new technology funds. the iphone maker's name is added list in ang vision fund launching this year. according to a person familiar with the matter, larry ellison intends to contribute. that is your business flash. manus: thank you very much. u

juliette saly standing by. juliette: thank you. a construction contract.ork onch company will the construction of the buildings that will house the two nuclear reactors. the company built similar plants in europe and france that use the same technology. shares rose on tokyo on signs the lenders will support the company as it deals with potential losses in its u.s. nuclear business. according to people with knowledge, that congo walmart's main banks retain financing through february even though recent credit downgrades we make it in eligible to receive loans. "as to sheba'sd main bank, we will continue to mizuho declined to comment. the main assembler of apple's iphone's has recorded its 1st avenue -- annual revenue decline since 1991. foxconn posted a 2.8 percent fall in twice 16 sales is the global smartphone market went through its worst year on record. that comes as foxconn technology took control of japan's [inaudible] that is your bloomberg business flash. am at the goldman sachs conference. times so much for your this morning. that's talk first about

kpix 5's juliette goodrich is in saint helena and it's moving behind you, juliette. >> reporter: hi, ken. yes, this is a perfect example. we wanted to be right here to show you, this is sulfur creek. check out how fast it's moving. this creek feeds into the napa river. we have been told that at some time tonight that river is going to flood. chp is standing by. they are closing roadways and also checking for rockslides. [ beep beep ] >> reporter: flash flooding warnings and alerts sounded on our phones all day as we drove or tried to drive through napa and saint helena and the warnings are very real. we can tell you firsthand. this is silverado trail and officials say it's closed indefinitely because right now officials are concerned that more rock will continue to fall. >> what that's doing is just loosening up that whole slab up there which is probably close to i would say 1,000 to 2,000 cubic yards of material that could come down. >> reporter: david cardwell with the department of public works allowed us in for a closer look but not for long. pretty unstable? >> yes, yes. very un

. >> i am juliette goodrich in downtown san francisco, street closures. downed trees and power outages. a live report coming up. >> and kpix 5 the only bay area tv station crew inside yosemite national park tonight. where the falls are flowing with incredible force. ,,,,,, most fast food places use formulas to create their combos. but all that math, doesn't always equal something tasty. at my place, you can get a mouthwatering sourdough bacon ranch combo for $4.99. with a full size beef patty, bacon, and creamy ranch sauce, on toasted sourdough bread. plus hot & salty fries and refreshing freestyle drink. because flavor always beats formulas. the sourdough bacon ranch combo, just $4.99 for a limited time. it happened around eight a.m. >>> in the east bay a taxi driver died after his car plunged to in the oakland estuary near the airport. the road quasi-slick and wet. the cab sunk 4 feet and dive teams were called into pull out the car and the driver. the driver was rushed to the hospital but he didn't make it. it is unclear if weather conditions were a fa

. >> i'm juliette goodrich. let's get right to our hi-def doppler radar where you can see parts of the bay area seeing some rain. at this point still scattered but the worst still to come. we have live team coverage with reporters across the bay area and in the sierra this evening. we'll check in with all of them in just a moment. but first, what may be a weather-related death in the east bay. >> we are getting late details on a woman killed by a falling tree. it happened in canyon road at a golf course. kpix 5's andria borba reports from san ramon. >> reporter: the call came into dispatchers just before 11 a.m. from the canyon lakes golf course. san ramon "valley fire" says a woman in her 50s or 60s was out for a walk along the course this morning when a poplar tree came crashing down near the 7th hole. you can see the branches left on the ground surrounded by caution tape in this video. firefighters with san ramon valley say the course was saturated and it was windy when this were called to the scene and they

. >> i'm juliette goodrich. jackie ward is at a rally. sharon chin is in oakland where 84,000 people marched downtown and around lake merritt. and emily turner is our eyes and ears in san jose where police estimate 25,000 people marched around downtown. >> but we start in washington, dc. kpix 5's political reporter melissa caen was at the biggest women's march in the country happening a day after president trump took the oath of office. >> reporter: you know, brian, it is hard to impress someone from the bay area with a protest but i will tell you today's march was absolutely massive. the streets were jam-packed with women and some men, all trying to send president trump a message. [screaming] >> reporter: washington, dc, transformed into a sea of pink today as hundreds of thousands of women and men descended on our nation's capital. ♪[ music ] >> reporter: alicia keys one of the celebrities who took the stage. >> we want the best for all americans, no hate, no bigotry, no muslim registry. >> reporter: these women wore pink head scarves t

juliette goodrich, kpix5. >>> tesla founder elon musk has tunnel vision tonight. he says he's making progress on a plan to add tunnels for cars to cut down on traffic around los angeles. musk tweeted last month traffic is driving me nuts. i'm going to build a tunnel boring machine and just start digging. today musk tweeted, "exciting progress on the tunnel front. plan to start digging in a month or so." >> that is great. >> reporter: do you think he's serious or kidding? >> probably kidding. >> we'll see. musk says the tunnel would start along 105 near the spacex headquarters. aside from his twitter posts, there has been no official word on actual plans, but experts say musk needs much more time to carefully study the best path for these tunnels. >>> a superhero of sorts has been sworn in as a council member in the south bay. kpix5's kiet do traveled to san jose to meet the captain america councilman. hing under his desk. obvious that th >> first we will administer the oath for council member lan diep. >> reporter: when the mayor called lan diep to be sworn in as

kpix 5's juliette goodrich spoke with those investigators as well as the victims' family. >> reporter: ken, 34 years later and there's an arrest and no, those detectives know give up. some of them -- did not give up. some of them retired but they showed up because they have been on the case since day one and, of course, the family was there today. holding back tears, ginger found the courage to speak today now that her daughter's suspected killer has been arrested. >> she was taken from us at the age of 14. 3 had years ago by the hands of a vicious cowardly murderer. >> reporter: deanna johnson disappeared after going to a house party just down the street from her childhood home. her body found the next day down the road. she had been strangled and beaten. suspects were questioned but no one ever arrested until now. >> today it's not a celebration. but it is a significant day. >> reporter: 51-year-old marvin markle who was at the house party and 17 years old at the time was already behind bars in butte county convicted of a 2001 murder of another woman. investigators say testimony in

kpix5 juliette goodrich shows us a family -- family's close call. >> reporter: we checked out the damage this caught our attention. high winds causing this entire tree to come crashing down a close call for the family living inside. call it a miracle no one was hurt when the decade old tree came crashing down on the front yard. >> it was a little scary i mean the winds were crazy. >> reporter: the family can't get through the front door. it's blocked now. >> there was a car that got trapped underneath the tree but no one was hurt. >> reporter: fortunately. and in laurel heights the wind's fury caused this tree to come down on top of bob's car. >> i heard a large crack. >> reporter: tree branch. santa clara avenue and st. francis a similar situation no one was injured. if you look at this particular branch you can see just how soft and saturated it is already. from the rain watter. >> there's so many trees down. >> reporter: amanda moore is a street inspector for the department of public works. >> you can imagine if the new trees are down the old trees are down everywhere so it's been bus

thursday bloomberg first word news with juliette saly. juliette: the ceo of hsbc said investors need to lower the expectations in rank profitability. a 10% return on equity is probably as good as large universal lenders can do. >> once we get clarity on what it actual quantum is, then comes down. when you solve this issue of how of 12th can you get roe's or 13%. expect ang -- you dividend yield of 4% or 5% and trading at one .2% is your framework. the bank agreed to pay $7.2 billion and admitted to its investors, resolving one of its biggest litigation risks. billionpay one point $5 . which had a home prices increased last month and the fewest cities in almost a year. prices excluding government subsidized housing gained in 46 of the 70 cities tracked by the government. that compares with 55 in november and signals that a potentialeflate housing bubble are taking affect. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy: thank you. has praisedr theresa may for

i'm with juliette. this is odd you would bother to go across the country and buy a ticket to engage in a shooting incident at an airport against civilians whom you don't know. if you wanted to kill people why wouldn't you do it at the point of origin. a lot of unanswered questions. the first one, is there a single other person out there. that takes a while to figure that one out. >> tom, it is a way, though, to get a gun into an airport, is it not? put it in your checked baggage, legally check it, declare it, and when you pick it up you have a gun in an airport. i suppose you could walk into the baggage area as well because that's a place where, you know, there might be police around but you don't have to walk through metal detectors. >> hundreds of people travel legitimately with their firearms to go on a hunting trip or off-duty law enforcement or other military that may have weapons and check them in. there's procedures each airline has. tsa has for checking in a secure manner a firearm in your lugga

juliette. >> good morning, carol. >> thanks for joining me. how likely is it that turkish authorities will find this gunman? >> i think it's more likely than not. all of these cases tend to unfold in a particular rhythm. in this case he wasn't a suicide bomber, he had an exit strategy. turkey is a member of nato, you'll have european countries looking for him. if he has gone to syria, despite what we hear about the turkish/syrian border, it's much tighter than it used to be. i'm confident he will be found, regardless of a support network helping him get out of the country. >> you heard ian say this particular nightclub was attacked because supposedly christians were partying there. most of the people inside that nightclub were muslims. why bring that up? >> well, so isis is on a pr strategy right now. and i think, you know, taking credit for it, although we do have to be cautious here, as ian was saying. there is no independent verification at this stage. they're taking credit. we know nothing more about the attack because of isis. and using t

let's get to juliette saly with the first word news.e: president trump has acted on two of his most controversial campaign promises. he signed in order to set in motion the construction of a physical wall across the nearly 2000 mile southern border. he signed a second order that targets sanctuary cities. averagejones industrial closed about 20,000 points for the first time ever, up 9.5% since trump's election. u.s.hree major benchmark stock indexes closed at record highs during wednesday's session. this country will continue to champion economic openness, despite economic uncertainty. he described china as "an anchor of stability with its consistent message of support for reform, openness, and free trade." china has been portraying itself as a champion of globalism, as donald trump scrapped the tpp and says he will renegotiate nafta. china's central bank ordered the nation's lenders to control new loans in the first quarter of the year to curb excess leverage. that is according to people familiar with the matter. the government has been

let us get the bloomberg business flash with juliette saly.perator has sold on news that alibaba and others want to take it private. the offer of 10 hong kong dollars per share now use the company at $2.5 billion. it is alibaba's effort to integrate with bricks and border store. in discussionsot anymore. the discussions fell through after the wall street journal reported them last month. 5% jump in energy transfer partners shares in the wake of the report hurt the economics of the potential deal. carlyle group is preparing to raise and eight u.s. real estate fund according to people with knowledge of the matter. they say the washington-based private equity firm is planning to target $5 billion. it would be part of its plan to raise $100 billion and the next four years. a representative of carlisle declined to comment. that is your bloomberg business flash. manus: it has been confirmed that kushner, the son-in-law of donald trump will be named as a senior advisor to the president. for a preview of what you can expect, we have kevin. >> presiden

here's juliette starling. juliette: samsung electronics batteries made by an affiliate.hat is who they blame for the flammable fiasco. overheating and fires were caused by separations in the batteries which were too thin. the company apologized and promised to strengthen battery safety. investedaid it had $130 million. lifting alines grunting order in the u.s. after problems from computer failure. the mystic airports will affected for 2.5 hours. the third-biggest u.s. carrier had 400 and one delays -- 481 delays. oil producers have already cut supplies by 1.5 million barrels per day since january 1. more than 80% of their target under last deals -- last year's deal. agreements they have had. indiana agreed on monitoring to ensure 100% compliance. mitsubishi will perspective every of japan's first domestically made passenger jet by two years. to company revives systems make latest requirements for certification. 2013 marksshi jet in the fifth until a that delay by the company. brexit will be good for his business, but not so good for the majority of people in the u.k.. th

juliette saly. juliette: thank you.che bank's former co-ceo is restarting his career at a much smaller firm. he is joining cantor fitzgerald as president where he will help oversee expansion of trading and prime brokerage. he helped build deutsche bank into the business -- into the biggest security firm after stepping -- before stepping down. south korea has banned the sale of some cars made by nissan, the him porsche afternoon investigation found the automakers had fabricated documents related to emissions test. they have also been slapped with fines. a spokesman said it will corporate closely with the regulators wally representative of it bmw says the company will work on re-gating -- regaining its certification. china has started a freight train to london as part of the president's efforts to strengthen trade ties with europe according to a state news agency citing china's railway corporation. 12,000ll cover more than kilometers in about 18 days before reaching the u.k. capital. passing through russia, poland, in ger

here is juliette with a business flash. thank you.intendo shares have fallen in tokyo trading after announcing details of its new gaming console. the switch will go on sale on march 3. it will cost $300 and comes with a new feature, and online gaming network. the price is higher than most analysts projected and above sony playstation for and microsoft box one. electronics shares have fallen after the chairman faced 22 hours of questioning as a suspect in south korea's scandal. investigators have said charges may widen to include allegations of embezzlement and breach of duty. the air to the richest family has denied wrongdoing. chairman,s made a popularly known as chandra. the head of the biggest software exporting services since 2009. in the time his profits quadrupled and these talks tripled, becoming india's biggest company by market value. he is also on the board of india's central bank. surged int shares tokyo trading as the troubled company and the u.s. justice department may announce a settlement as soon as today. the airbags l

here is juliette saly. juliette: thank you. china's exports remained subdued last month as weak level demand weighed on sales. overseas shipments in december fell 6.1% in dollar terms while imports rose more than 3% to leave a $41 billion trade surplus. the world's largest exporter faces more challenge this year as it braces for potential trade friction with the u.s. haspeople's bank of china asked some banks to stop processing cross-border yuan balance until they inflows and outflows. according to people familiar with the matter, the directions require the lenders to show that the amount of outgoing yuan matches the sum that comes in. that comes as authorities step up a campaign to curb a record amount of money leaving the nation. fiat chrysler closed more than 10% lower in u.s. trading after it was accused of cheating on diesel emissions. the u.s. environmental protection agency says software was put in certain vehicles, allowing them to exceed pollution limits, but stopped short of calling it a defeat device. the company con

juliette: thank you.issed profitt estimates after spending heavily on promoting consumer hardware. alphabet promoted more than $3 billion in capital spending. up 46% from a year earlier. shares fell more than 2% in extended trading. toshiba's board is meeting to take to discuss a range of turnaround options. to sell part of its chipmaking business will be on the table. they are facing up to $6 billion in write-downs. we understand toshiba is holding a press conference very shortly. exceedft quarterly sales expectations. customers more signing up for cloud services and what the company sees as stabilization in the personal computer market. shares gained in after hours, adding to a 23% rise over the past year. bt reported a sharp drop in third-quarter earnings as a right down in years of profit in italian units. rockets fell 53% after a provision to a an accounting scandal in italy. shares were crushed as the telecom giant unveiled the extent of that right down. that is your bloomberg business flash. matt?

here is the bloomberg first word news with juliette saly.greede: mcdonald's has to sell 80% of its operations in china and hong kong to a consortium including citic and carlyle group. the deal includes a 20 year mass franchise rights will value the business at nearly $2.08 billion. they will jointly take a 52% stake while carlisle will hold 28%. senior republicans have warned president-elect donald trump that he faces a risk -- a rift with members of his own party if he does not punish russia. graham said he and senator john mccain plan to introduce legislation for tougher sanctions against russia. he says the measures would hit the country in the financial and energy sectors "where they are the weakest." no line or as johnson has met with donald trump's top advisers. -- boris johnson has met with donald trump's top advisers. to washingtoned to visit congressional leaders. the trip comes after britain is with theo create ties u.s. the aiib remains open to the u.s. opening, that is the message from the president. he was speaking exclusively t

ground on a stronger yen, but other markets seeing some resilience, so let's get the details rom juliettealy -- from juliette saly. >> we are probably likely to see some mixed movement as we await more stimulus plans from president trump. he says markets are waiting for trumpvidence that donald will deliver on fiscal stimulus and deregulation, so markets in a holding pattern. for itsn come on track best close since june 2015, the stronger yen weighing on the nikkei, down by over 1%, but upside in china, the shanghai composite up .3%, flat on the hang seng, australia weaker by .8%. some of the big market movers in the region today, toshiba rising almost 9% on a report that its chip business is drawing interest. , but risinglat after a consortium move to buy part of ping an. look at this big fall in 17%, the ceon saying he is embarrassed over the profit downgrade as he leads the company after seven years at the home. the japanese yen of course stronger today, 113.63. so much.ank you samsung electronics has confirmed faulty batteries cause of some of its galaxy note 7 models to burst into fl

let's go to juliette saly for a breakdown.uliette: not a lot of conviction in these markets, not a lot for investors to be excited about. we have concerns about the potential u.s.-china trade relations, the an auger ration of trump this week, then weakness from the pound, so most asian markets underwater today, 1.5%.ng seng off by this is the fifth the session of losses on the shanghai composite. the nikkei also being sold off as they yen strengthens against the dollar for a sixth consecutive session. the nikkei is off by 1.2% in the afternoon trade, and most southeast asia and markets underwater as well. we are seeing upside in the australian market, a big rally coming through in steel, lifting the material players, and also li ka-shing making got play for duet group, sending its share price up by 5.6%, good movement on new zealand's market as well, some upside in the philippines and jakarta as well, but hiding andnvestors not willing to put their money into equities. down one falling, point 3%, the first time we have seen it

juliette saly has all the details.uliette: i'm watching the pound, gaining back some of yesterday's losses, up .2% against the dollar, but still handle, the level it felt to yesterday following that sunday times report which essentially leaked a lot of what to reason may is likely to say later today. this is the first time in the last couple of days that we have seen the pound at this level since that october flash crash. it has traded in a tight range and has been unable to push through a dollar 30. a lot of analysts saying that if we see more shockwaves from theresa may speech, you could see the pound get back to that 118 level we saw immediately following the october flash crash. having a look at the euro against the yen, we have seen some strength coming through in the euro's relationship with the yen. you are saying it stronger their against the dollar, up like .2%. in terms of asian markets, a wasd picture as shery indicating, strength from hong kong, reversing losses from yesterday, and that index back to where