i'm su keenan. this is bloomberg. ahead, it was a fiercely competitive cash burning market segment, but -- we open the books on china's online education sector. next, commodities may be down 7% today, but ubs sees gold near highs and a brent recovery to $64 a barrel. we will discuss with wayne gordon next. this is bloomberg. ♪ commodity markets facing a brutal week because of the coronavirus disease. the disease strengthening is grippy on china, hurting growth in the u.s., germany, and japan. -arlier we spoke about - the supplyir to say chain is to winding up. getting access to trucks and logistics is taking some time. by no stretch of the imagination are our visits is operating at full capacity but our people are safe and healthy, which is a fun it -- fantastic outcome. haidi: let's bring in wayne gordon, executive director for commodities and fx at ubs wealth management. great to see. let me start by bringing up this chart on the bloomberg looking at the commodities crunch. unless you are a precious metal at this po

jonathan: back with us are james keenan, winifred cisar, and peter tchir.here was an appetite to go abroad, get outside the united states, and then china happened. what do you make of that trade at the moment? peter: you still want to do it. there will be some things that go on. obviously, a lot of em has been hit hard, what is going on with oil prices. we were already starting to see people pull supply chains out of china and look to move elsewhere. that will accelerate. there will be emerging-market countries that benefit from that. at the same time, we would avoid the middle eastern debt and turkey. one of the generals that we talk to -- our thought was that iran would not retaliate right way. we are starting to hit that window. we think we could see something in the cyber front in the coming weeks. as a whole, i like the asia-pacific. i don't know when the right time will be but local currency will be interesting after that big selloff. jonathan: are you part of the v-shaped crew? peter: i think it will take much longer. everyone is talking about the su

final thoughts are james keenan, peter tchir, winifred cisar.earing taking place for teedo white house fed picks. one is going ok, the other one is more difficult with judicial 10. i want to gauge as you guys market participants. if judicial 10 got a place on the federal reserve, would your thoughts about fed independence change in any way? peter: i don't think attention to what they say anymore. i'm not worried about it. james: i wouldn't challenge the independent. the bigger question is those who are on the bed or any central bank, are they more naturally hawkish or dovish? that is more of a focus of mine than independence. winifred: i think it comes down to the fed motivation and what they are looking at. with the u.s. deficits ballooning where they are, they have to look at the real-time borrowing costs for the u.s. if we keep yields low, that makes the u.s. economy a little more stable than otherwise. upathan: let's wrap things by talking about the federal reserve and where policy is going. how low is the bar for a rate cut? winifred: we ar

i am su keenan. this is bloomberg.d picture with the fx 200 -- the afx 200. this is coming from a three week high. gains inur sessions of our being dragged by financials and communication stocks. kiwi stocks are unchanged. nikkei stocks pointing higher. fourth-quarter's gdp numbers. they probably contracted sharply in 2019. u.s. futures, up 0.1%. the session was mixed on friday. we had positive u.s. retail data, at the highest level since 2018. a mixed picture when it comes to the new coronavirus infections. let's stay on the markets as we begin another trading week in asia. david ingles is joining us. investors on the coronavirus, but also on policies, especially coming from china. david: good morning. if investors had a third eye, it would probably be on the moving target on what the economic impact is. this probably has to do with the second point you are making. -- citint is saying the is talking about the mark. i am not saying they are wrong. what i am trying to point out is it is perhaps not the most complete way

i'm su keenan. this is bloomberg.of theagain headlines across the bloomberg in the last few minutes. the fourth death in hong kong from the coronavirus, according to local media. this is the second death overseas outside of mainland china after that death in the philippines. this was a 39 rome and in hong kong with an underlying illness. we had heard from chief executive carrie lam who has said hospital services have been strike, hotel officials have been striking demanding that those checkpoints be close. only three are open at the moment. the hang seng index will continue to rebound while president xi jinping is warning his powerful politburo standing committee that the instability of the coronavirus could lead to ,mpact on social stability telling those top leaders of that standing committee. let's get more on the market action as we continue to see the market rebound across the board. suit -- tooably soon to tell if this is sustainable. a lot of it may be bottom fishing, if you were to look at the valuation on chi

i'm su keenan. this is bloomberg. confirmed cases of coronavirus in china are close to 75,500 after the province at of the outbreak reported another 400 infections and 115 deaths. let's cross over to tom mackenzie in beijing and yvonne man in hong kong. china's stateting council to come up with their news briefing. what are we hearing from authorities on the outbreak? hoping to get some more transparency and clarity in terms of the change in methodology. maybe some more details on that. the top line number is you are looking at more than 75,500 infections in china and tragically more than 2200 deaths as well. the other headline number is that the rate of infections out of hubei has increased compared to yesterday. that actually doesn't mean, if you look at the trend, it doesn't mean the slowdown in pace of infections has come to an end given the multiplier effect in terms of how infectious this disease is. do we trust the data out of the government? is it accurate? those questions still remain for many people. there's

in on the first word news with su keenan.ting a firm to support singapore's community amid the coronavirus outbreak. management to take voluntary pay cuts for a year and slashing bonuses. the money saved will be used for staff volunteer initiatives. south korea's consumer confidence has plunged the most in five years. the index dropped a low 100 in its largest decline when another type of coronavirus that led to respiratory syndrome -- symptoms hit. to malaysian politics. politics have been thrown into turmoil by the resignation of the prime minister. dissolve theld cabinet after a power struggle. a position long promised to his deputy. interim primen as minister as he forms a new government or a new leader emerges. thatank of israel has held , keeping the benchmark at a quarter of 1%. inflation is likely to fall below zero in the coming months. they will maintain a policy on foreign currency purchases. saying the outbreak raises questions about future economic activity. global news, 24 hours a day, on air and on quicktake by

i'm su keenan. this is bloomberg.ank you so much for that. breaking news crossing the bloomberg. out kong is set to hand 10,000 hong kong dollars to each as wen over the age of 18 prepare for the budget presentation today. we are expecting a bump in budget in terms of spending big to alleviate the economy from some of the impact we have seen of the most recent coronavirus threat but also six months of ongoing social unrest and protest. a slump in retail sales and business sentiment as well as in the property sector. we are expecting that annual budget to really address the fact that this is a city in recession and we ask that are expecting more recession to come. expecting to see another contraction. we are learning more from cathay pacific in terms of the impact on the airline sector. 25,000 of their staff have taken up the offer of unpaid leave. we continue to watch the fallout when it comes to the tourism and airline sectors. >> we are getting the latest tweets from president trump well saying that the cdc is doing

on su keenan. -- i'm su keenan.>> china has cut the interest medium-term for funding to banks as officials try to seek to cushion the economy. the number of cases of the coronavirus in china has topped 70,000. let's cross tire team on the ground. -- cross to our team on the ground. tom, little bit of relief in terms of this rate cut. what are the latest developments? point cut for that one year medium-term lending facility. we are leading up to the loan prime rate, which we are going to be getting on the 20th of this month. bloomberg economics think you are going to see a 15 basis point cut. they expect to see by the end of the year, a 40 basis point cut. cut as well to the reserve ratio requirements about 200 ratio requirements as the pboc tries to ensure there is enough liquidity and that the lending rates start to pick up. the economic steps by the finance industry in focus. we had the finance minister saying he wants to see cuts to fees. the question is how much fiscal space china has. is it ready to birth throu

i'm su keenan.s is bloomberg. ♪ tom: -- still ahead, goldman sachs' chief asian economist andrew tilton joins us, amid warnings growth could fall below 4%. from an air live show with the ceo of sri lankan airlines and we will ask him about the controversy with airbus. this is bloomberg. ♪ ♪ tom: it is day 2 -- haidi: it is day two of the biggest asian error defense gathering with the coronavirus putting a damper on the air show, several companies deciding to stay away. asianget to our southeast correspondent, who is very much there at the air show. itif it is even possible for to be quieter, today you walk around the air show and you realize some booths are shut. it is just day two. usually it isn't until the end of the week. we are hearing reports about how some companies have sent lower-level executives to represent them at this airshow. it is not looking good. in terms of deals, we don't know yet, but we don't expect any mega deals to be signed, unlike other airshows before this. let's get perspe

i am su keenan. this is bloomberg.ies on the rise even as coronavirus concerns linger. let's check in with cross as a reporter sarah ponczek. sarah: when you look at valuations, equities or climate across the asia region. whether you look at china mainland stocks. asian equities have been beaten up so much not only the past couple of weeks but over the past couple of years. when you look at valuations when it comes to the united states, weary that we are at a record discount. index, forcific example, they trade about 13.9 times forward earnings. at 18.9 timesades forward earnings. investors may be going bottom fishing. valuation gapis persists forever. thiserson said, looking at valuation gap, it implies an upside of 20% at least for asian equities. it tod it is well worth allocate part of your portfolio. haslinda: thank you so much. wegapore tourism in focus as kick off this airshow. spendingsm team says is likely to drop as much as 30% as the coronavirus spreads. decline inays the visitors from china will have a sign

i'm su keenan. this is bloomberg. shery: we will have more analysis on the indian budget later this hour. we will be live in mumbai to find out which sectors will be most affected by moody's budget. modi's budget. haslinda: plus, democrats gearing up for the iowa caucuses. we are live in des moines later this hour. this is bloomberg. shery: markets under pressure across china. we are seeing the csi 300 now falling the most since august 2015. in fact, most of the markets seeing the biggest selloff since that equity bubble burst in 2015. also, small caps on the china taking a hit after the rally we saw before the coronavirus outbreak. when you take a look at the onshore yuan, it is just a touch below the seven level, which in fact has weakened past in the past few minutes, dropping about 1%, despite the fact that we saw the yuan fixing much stronger thhaslinda: the strong start of 2020 evaporating. -- b&b para-buddha paul sandhu is joining us. your thoughts on where the fed can go to change its path from here. >> sorry,

i'm su keenan. this is bloomberg. haslinda: thank you so much for that. as we speak, china officials are holding a briefing right now. senior officials from the central bank and finance ministry or holding a briefing about fiscal policies to support the epidemic campaign to ease the difficulties. who says very little is known at this point in time. we don't know, we don't know, we don't know. but we also know china's economy is likely to be impacted and china is doing whatever it can to support the economy again. holding aicials briefing right now about fiscal policies to support the epidemic campaigns and to ease the difficulties of small enterprises. and you can continue watching the briefing at live go on your bloomberg terminal. and more on the coronavirus outbreak, china says the death toll has reached at least 636, while 41 more cases have been found on a cruise ship japan. that comes as beijing is ramping up efforts to contain the spread. let's get the latest with selina wang and bloomberg markets anger yvonne

now let's get first word headlines with su keenan. we will start with the rba that has highlighted the coronavirus as a new risk to the global economy. and it says it is ready to cut if necessary. minutes from the banks last meeting shows it expects the outbreak to hit australian export growth in the first half of this year. it also said it is difficult to assess the impact from this summer's devastating wildfires. the bank maintained and easing bias. expectations are for rates to stay low for an extended time. meanwhile, apple, one of the big stories of the morning, is the latest company to issue a virus theted guidance miss as outbreak hits factory output and demand for products. the company says its facilities have resumed operations in china, but they are ramping up production more slowly than expected and that is going to supply.n global iphone . apple also says demand for its products in china would be affected by store closures and reduced customer traffic. to the u.k. now. the u.k. has launched an unprecedented attack on the e

let's get to su keenan in new york. su: we start with the coronavirus, being blamed for the first level drop in oil demand in more than a decade. agencyernational energy says the demand is going to fall by more than 435,000 barrels a day in the first quarter. this as the widespread shutdown of china's economy zaps the need for oil. the iea says annual growth may fall by about 30%, but at this stage, it's hard to be precise about the full impact of the virus. we will have the latest on the coronavirus in just a few minutes. has raisedthe u.s. its stakes in the battle for ball boy, -- huawei, saying it dealt in intellectual property theft. stealing trade secrets and lying to authorities. huawei and it's cfo or other charges of fraud -- are already facing charges of fraud. these new charges ratchet up the penalties the company could face if convicted. to the u.k. now, the economic policy has been thrown into disarray after sid javid quit as chancellor. he resigned after refusing prime minister boris johnson's demand to fir

keenan. this is bloomberg. paul: thank you.et davido bloomberg anchor ingles. we are bracing for a selloff so what is beijing doing to calm investors' nerves? david: buckle up is perhaps a message across the morning calls. to answer your question, beijing was out, so i went mention the deeds -- won't mention the details. liquidity into the system, 22 billion dollars in terms of a net injection. the other is to have a set of measures from a promise and the strong signal that a lot more forceful measures are shoreoming to essentially up confidence the financial system will remain operational and stable. our team at bloomberg economics described this as emergency financial support now, stimulus later grant to the latter point -- later and the latter point they expect the rate to fall 40 basis points from 20 basis points before the virus became one of our top stories. taylor: on a sector faces we think industrials, airlines, tourism. what are you watching? ,avid: on the mainland essentially everything. we can look at all of those s

i am su keenan. this is bloomberg. >> let's get back to the markets.ng green across the board. i do wonder what you see when you look under the hood. >> we are seeing a lot of risk-taking when you look under the hood, interestingly enough. it started in the u.s. trading session. we saw a very big change from what we came to expect as the usual throughout 2020. as you can see right here, value really outperforming in the trading session, growth still higher. if you look at the difference between value and growth, it was the biggest value outperformance since september when we were in the middle of that very sharp rotation. energy, look at that, up 3.8%. the best day since 2018. this is a reversal of what we have seen much of the year. we have seen what we knew worked over the last decade. apple, microsoft. if you break it down by factors, your today, if you look at a market neutral momentum portfolio, up anywhere from 7-8%. value counts are probably down 8%. it is very in favor of risk and also the possibility that maybe we will truly see this growth re

su keenan. in the u.s. economy was slower than first reported at the end of last year according to gdp data. inventory figures kept the economy expanding but consumer spending was revised downward and nonresidential investment matched the steepest rate of decline since 2015. the world economy may be heading towards its worst performance since the financial crisis. as hopes for a swift rebound from the coronavirus fade. it is expected there will be 2.8% global growth this year, the weakest since 2009. central banks are holding off from cutting interest rates but economists are joining investors are addicting looser policy. three fed reductions are already being seen for this year. the u.k. has had a tough timetable set for discussions with the eu. johnson said if they cannot agree to the broad outlines of a deal in four months, they may begin to prepare for a no deal departure for january. in canada, they removed tariffs on 98% of goods without forcing them to join the block. a crisisresident held meeting wi

that's get first word headlines from su keenan.e start with the number of officially diagnosed cases of coronavirus in china. the number has surged. this after hubei province began added those suffering from the infection confirmed via imaging scans alongside those with previous tests. the number of infections rose by more than000, with 13,000 coming from the new method of diagnosis. hubei's death toll rose by 242, patientst 35 hundred have been discharged since the outbreak began. schools across hong kong will be closed since march 16. this after the date was extended by two weeks. classes were set to resume on march 2, but that has been pushed back due to the coronavirus outbreak. the superintendent will decide when to reopen schools based on expert advice. students have been advised to make use of e-learning during the closures. opec is slashing its forecast for global oil as the virus hits demand in china and further afield. the cartel projects reduction by about a third. saudi arabia wants an emergency meeting to to consider n

i am su keenan.is bloomberg. ♪ paul: all right, thanks very much, su, and for a closer look at markets, we are joined by sarah ponczek. the chinese markets, performing pretty well, but not so much everywhere else. sarah: yes, it is pretty amazing. there is this start divergence. highs ofaway from the the year, up on the day, but meanwhile, u.s. stocks down 8% from record highs, and we now see s&p 500 futures spiraling even lower, as you can see here, now down 1.2 percent after five straight days of losses, but we have seen an immense amount of the community pumped into the chinese markets, but there is also a sense, the who said overnight that the majority of coronavirus cases are now coming outside of china, so there is this sense that china has relatively contained the coronavirus. they have done a relatively good job of containing it. now, other countries have much more uncertainty. ups said in a note to clients earlier today that they expect to see this divergence continue in favor of china, in f

i am su keenan, this is bloomberg.ronavirus will risk a regional recession. expecting more changes at the top and another major restructuring. this is bloomberg. ♪ haidi: i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. 2020 gdp growth estimates as governments around the world way the impact of the coronavirus outbreak. garcia is in hong kong. we are expecting the singaporean budget to come out today. they are pledging fiscal stimulus measures. how much power do they have to support their economies? it doesn't really mean they will use it. the numbers we have for singapore and the numbers that have been announced, barely 1% gdp. we don't have the numbers but we are not expecting anymore. really means that governments in asia are very cautious in singapore has announced that they will increase gdp to 9% close to i have seen the admission that china is because a structure is changing the economic picture for asia which thes that they need to keep bullets. they will make announcement, but that means a

i'm su keenan. this is bloomberg.t-case scenario for china's embattled banks. up next, economists continue to cut their chinese growth forecasts. a chief chinese economist gives us her outlook ahead. this is bloomberg. ♪ haidi: this is bloomberg markets: asia. economists are scaling back their forecasts for chinese growth amid continued concerns from the coronavirus. our guest is downgrading her forecast of five .4% growth this year -- 5.4% growth this year. joining us from hong kong is wang tao. great to have you with us. the 2020our take about gdp growth downgrade to 5.4%. you -- do you expect any of the government's efforts to help out in supporting growth in the meantime? tao: yes, we do. the 5.4% already assumes the government will ease policy. growth would have been even lower. our assumption is that the coronavirus will be controlled in the first quarter, meaning after the end of march, they will be few new cases. this is an assumption. economyis the case, the hit will be in the first quarter. normalizel start

let's get a check of the first word news with su keenan.start with the latest on the election front. pete buttigieg appears to have sealed his victory in iowa, after the state democratic party released corrected results from the disputed caucus. has 14 national delegates from the state compared to 12 from bernie sanders. the sanders campaign is demanding a partial re-canvas or recount of the vote and the associated press says it still can't declare a winner because the result might not be fully accurate. this all leads up to the presidential election. meanwhile, the arab world dialing back president -- criticism of president trump and maintaining calls for palestinians -- no longer condemning the u.s. proposal directly. been circulated weekendonesia over the regarding the integrity of palestinian land. a tragedy in thailand where authorities say 29 people were shot dead and 57 wounded after what is being called the bloodiest mass shooting in the country's history. authorities say the army sergeant who carried out the shooting rampage was an

i am su keenan. this is bloomberg. paul: let's take a look at how markets are trading in this part of the world. we have had new zealand up and running for 90 minutes. to theis heading south tune of .9%. u.s. markets closed weaker before the weekend. in australia we look set up for a slightly sluggish start. it is off .6%. theyen has gained against u.s. dollar, 111.52. the aussie dollar has lost about 2% the past month, holding on above $.66. let's preview the market action in asia. we have got david ingles with us and adam haigh in sydney. the coronavirus, still weighing heavily on markets. how are investors assessing it? weekend development has been italy and south korea. it shows to what investors are not willing to do with the constant uncertainty. you see the big move in the risk-free assets, treasuries of the world, and the dollar which has been where all the money is flowing in. you are starting to get big levels breached on the short end government debt yields but the longer as well, hitting fresh records on fr

i am su keenan. this is bloomberg.mily: the deadly coronavirus continues to wreak havoc across the globe. governments are mobilizing their efforts to contain it. many levels of bureaucracy, including intelligence agencies. aboutg us to talk more what those intel agencies are doing, retired general keith alexander. he joined me now here in the studio. general alexander, thank you for joining us again. let's talk about collective security of a not just of the united states were different countries, but i'm curious, does the coronavirus leave us more vulnerable? gen. alexander: i am not sure it leaves a small -- leaves us more vulnerable. it does point out the vulnerability we have with china and other countries. the real vulnerability is the fact that we don't really have a collective security framework for companies. when you think about it, when you fly across the country or you come from china, you have an air traffic control picture that shows where airplanes are. we'll have a picture that shows where malware is. peo

su keenan.tart with the chinese province of hubei at the center of the coronavirus outbreak. 56 more deaths and more than 2000 additional cases of the virus in the past 24 hours. 361 people have died with more than 17,000 cases confirmed. world health organization has reported the first death from the virus outside china, a 44-year-old man from hubei province who has died in the philippines. china has unveiled a string of measures to aid companies by the coronavirus outbreak and pledging to reopen after the extended virus new year break. the pboc will comply with $21 billion of liquidity to the markets to prevent selloff and banks are being instructed to lend more and not call in loans in affected regions. u.k., boris johnson is expected to say he will abandon talks with a future relationship with the e.u. if he doesn't get what he wants. in his first speech since friday's official brexit, he will spell out his aims for trade talks with the bloc. you negotiators are set to publish their own and

i'm sue keenan, this is bloomberg.asian stocks broadly positive despite the coronavirus hanging over the markets. we're joined by our reporter in new york. sarah, despite the positive sentiment in equity marks we continue to see the dollar around two-year highs. is this a safe haven place? sarah: it is. you look at the u.s. dollar, it's been a safe haven play for the entire i have to the last couple of years. the idea has been that even if you see global growth falter in the asia pacific region, in europe, that quote-unquote, the u.s. is the cleanest dirty shirt. i should mention, when you look at the dollar index, this index particularly is weighted heavily toward the euro. the euro is also trading at the weakest level since 2017 versus the u.s. dollar. weight.8% we don't necessarily see the gains as high. still it's pretty unexpected, the latest bank of america fund manager's survey, 54% of respondents see the dollar as overvalued, the second highest level since 2002. >> what does that mean for other assets? we talk

jonathan: jim keenan ofjonathan: whack walk -- let's begin with you, winnie. if you look up i everything situation in the global fixed income. a 10 year yield increase below 1%. corporate borrowing costs all-time low. low.ar treasury a record just buy everything get what you can? >> it's by everything but high-yield energy. it seems like investors have a lot of cash but continue to see record inflows into investment grade. triple c'snt to buy haphazardly. we don't want to buy energy haphazardly but we need to put our cash somewhere. >> do you share that view? >> i do. all things commodity oriented, some risks to it. that is playing out in the high energy yield space. last year, what you saw was weakening an economic data michael tift at 2018 tightening from the fed in the pboc. from january on you saw easing in the market. but you so weaker economic data. now the story is you're are seeing the stability of earnings. so what you're saying is everyone comfortable but you are not going into recession environment and people are going to buy -- stable earnings beca

this year, long time saturday night live cast member keenan thompson will be in the event. comedian michelle wolf was criticized for making cruel jokes. this year's correspondence dinner will be april 25th we don't know yet if president trump will attend. >>> time is 4:58. new overnight, a missing man rescueded on a marin county trail. we'll tell you what happened late last night to rescue him. >> plus... democratic presidential debate in nevada tonight with a spotlight on bloomberg and bernie sanders after a national poll has them leading the other democratic candidates. >> from ktvu fox 2 news, this is mornings on 2. >> good morning. thank you, for joining us here on mornings on 2. wednesday, february 19th. middle of the week. i'm pam cook. >> and, good morning. i'm dave clark. everything cool? >> pretty cool. i left the window open so i had some fresh air. and this morning i realized i left that window open because it was kind of cold. >> need an extra blanket? >> yes, i did. >>> we do have more of a low cloud deck. so it will be more of anion an onshore breeze here. tha

hollywood movies minds become more predictable for the keenan it have to 9 sound director ron johnson revealed up what has a very strict policy when it comes to showing products on the silver screen of these bully boys it goes into more detail for you in the latest episode of in case you missed. bob guys in movies concomitant i phone for example here's a picture of jamie lee curtis in the movie nights out and she's holding an i phone and that means that she is a goody so the evil one is never wanna holding the microphone because i'm very protective of its image according to the director of knives out who probably were revealing that in an interview. i don't know if i should say this and i probably shouldn't but and this is very pivotal if you're ever watching a mystery movie bad guys cannot have i phones on camera in fact back when. 24 was a big deal in the early north. very key yet it. was pointed out the fact that all the bad guys were on p.c. all the good guys. lie say let's turn that theory on its head here's my iphone good here is me and i will be back. with my i phone yeah barry

percent and because fianna gael party that down well somewhere around 17 percent joining me is lisa keenan she's a lecturer in political science from trinity college if i tell you that lisa gave a little exclamation that could have been painted could have been amusement when the result came out and i tell you that every single that the 3 main parties have each polled 22 percent according to the exit poll they said what do you make of it well i think it's going to be very soon to be making act and of protections about the number of seats on the base that this exit poll and whatever it does tell us 2 things so 1st of all. the search engine paints a point that we did see through the period of the campaign is actually real and historically pain has been better in the polls and then a sort of underperformed going into the election and also it tells us that generally the polls have been pretty accurate as if you look at the poll of polls and these are sort of these figures are so defining in the middle of what has been asked to made it out there so it's going to make the matter very complicated

su keenan has more.and three months, but is from zero to 29 million in three months. that is the take away. it is certainly what had disney stock up better than 3.5% off the bat. you can see the gain has come down as we have gotten into the conference call. as expected, starting up a new service for disney has come up -- come with huge expenses and that attributed to a 23% decline. even though the the depth -- the declining profit beat estimates. the stock has been up 30% in the past 12 months. what you heard from the ceo, bob iger, on the conference call, was they not only posted 26.5 million for the last quarter, but they continued to sign up subscribers so that they are almost at the 29 million mark. and in his words, this really exceeded even iger's own "greatest expectations." are they a challenger to netflix? it certainly looks like they have the ability. let's look at the numbers. awayix is still by far and the biggest streaming service with 167.1 million versus disney plus's 29 million. abc's own

. >> reporter: but she admits a soft spot for keenan turner and a section dedicated to joe montana. >en eddie debart theleo got unducted to the hall of fame i was thrilled. >> reporter: and last year she was uninkentuckied to the sports fan hall of fame in canton getting a trading kward and ring. she calls tla prsye here is advice how to win on wednesday. >> it's easy to get wrapped up in the enthusiasm, and the cheering and the sounds. you got to totally cut that out and just say, totally focus. >> and she would know she has been to all five. in santa rosa, anser hassan, abc 7 news. >>> every single game. true dedication. lisa, good advice too. >> yeah, definitely. and we need it to stay calm tomorrow. >>> live doppler 7 not picking up on the low clouds which is causing visibility issues around the bay. but as we widen out the view, you want to know where the rain is? it's been in the pacific northwest. seattle, british columbia. and it's staying there. not only for the weekend into next week. it looks like maybe through february 10th, even valentine's day, not getting much in the ba

"saturday night live's" keenan thompson will serve as host for the event in april.snl" veteran will be joined by hasan minaj as the featured entertainer. last week it broke with having a comedian host and went with a historian instead. >>> thanks to our international viewers for joining us. for our u.s. viewers, "early start" continues right now. >>> mike bloomberg's record, his policies and money all in focus before his first turn on the debate stage. how will he handle attacks from front-runner bernie sanders? >>> the attorney general has told people he may resign over the president's intervention at doj, but is that the real message, and who's the real audience? >>> the president claims he's against corruption. turns out corruption could be a ticket to a presidential pardon. >>> good morning, i'm christine romans. >> i'm laura jarrett, wednesday, february 19th. 5:00 a.m. in the east. the changing dynamic of the democratic race live on television tonight. billionaire businessman michael bloomberg steps on to the debate stage for the first time. this will be a big

. ♪ [ cheers and applause >> seth: my thanks to andy samberg, john mulaney, keenan thompson, colin jost and applause >> lilly: tonight on "a little late with lilly singh," i'm going to talk about getting lit. wake your baby up, we have uneven teams for flip cup. [ laughter ] and then i'll sit down with one of the funniest people on earth, d'arcy carden. [ cheers and applause >> dogs die. [ laughter ] and they die fast. i started singing this to her, like, daily. ♪ penny penn please don't die ♪ [ laughter and applause >> lilly: and we'll enjoy the stand-up comedy of ali kolbert >> my girlfriend and i go out and we have a crazy saturday night. and we wake up with a baby [ laughter ] we're going to jail! [ laughter ] >> lilly: d'arcy, do you have a favorite joke? >> yes [ laughter ] >> lilly: good, good, okay, yeah, i usually save my best jokes for the show, too. we'll be right back in one minute [ cheers and applause can't wait to hear it. yes.

. ♪ [ cheers and applause >> seth: my thanks to andy samberg, john mulaney, keenan thompson, colin jostlly singh," kathryn hahn and jenny slate [ cheers and applause >> lilly, i just wanna say we're so excited to be here with you tonight. >> lilly: oh >> yeah. we have been dying to pitch a new opening song for your show to you >> yeah. >> lilly: oh wow. okay, i didn't even know you guys wrote music >> yes well, we've been doing it for years. >> yeah, it's a side gig >> you wanna hear it >> lilly: yeah okay, sure yeah >> okay. >> okay, great yeah >> okay. ♪ lilly singh she's a beautiful thing ♪ ♪ it's lilly sing she's a beautiful thing ♪ [ cheers and applause >> thank you so, what do you think? that's very good, right? >> lilly: i mean - i mean - thank you. that was, um - >> yeah. >> lilly: that was interesting >> oh, yeah. >> lilly: yeah >> yeah. >> no, that was -- that was good. >> i mean, it was very good and we're very proud of it >> yea, i mean we brought our a-game, so >> yeah. >> lilly: definitely join us right here in one minute >> okay. so, are you gonna cut us a check for the s

paul: su keenan, thank you for that.e on alibaba and bring in analyst john freeman and hari srinivasan, senior research analyst. john, what will your key takeaways from the earnings announcement from alibaba? wow, my key takeaways were that was actually a good quarter in terms of revenue growth. the core business was higher than we expected at 38%. user growth was particularly impressive. they said they had 60% of those new users coming from the more rural areas. -- 400 million more users i could join. still -- that could join. the story really is about the coronavirus and what that will growth,erall economic and to what degree that will impact their revenue and earnings going forward. paul: to that point hari, looking backwards, a great set of numbers. looking forward, the cfo saying overall revenue will be negatively impacted. well, how negatively i suppose is the question? hari: they did say it will be negatively impacted. impacted probably low to mid-single digit. there are three main reasons revenues are being facto

have felt going into this election to discuss some of the issues i'm joined by lisa keen and dr lisa keenan she's a political lecturer in political science from trinity college dublin. lisa tell me what what are we what are we witnessing here in relation to the shifting of the seismic plates in irish politics so i think what we're really seeing is the continuation of a move away from being a gal and you know full time which we have already seen for quite a long time actually so if we go back to say 2002 general election we saw that combined the vote total for those 2 parties they received about 67 percent just over 65 percent if we phosphor to 2016 what we see is that they get just below 50 percent of the combined vote with those 2 political parties and actually in 2016 what we saw was about a 3rd of people who cost their votes for independence or for the smaller little parties so while the surgeon support her shin pain is i think surprising certainly the extent of it is it's not particularly shocking i think we can see it as more of a continuation of this trend and i think the figures that

putting the cart before the horse but to analyze the early indications from that exit poll dr lisa keenan joins me she's a. star a lecturer in political science from trinity college it was almost a bit of a wow when those those early results came out these are 1st preference with 22 percent for all 3 of those policies is pretty extraordinary yes i think it's a very interesting result for those of us who are interested takes and also for the electress it's going to make it very difficult to know at this stage which parties and pole position to form a government why it's down to the single transferable votes and the permutations they're after isn't a yes it's a very complex but essentially at what we have here the exit poll is the 1st preference votes but obviously at people who are looking at their policies are free to rank on any other party and any other position on their policy so what's really could be important is where the transfers are going there are people willing to vote number one should they number 2 in a gale for example and if that's the case then we may see it again do need

with us here at the table, cody keenan. he rose through the ranks from campaign intern in chicago to become the director of speechwriting in what became the obama white house, writing backyard stump speeches and state of the union addresses, everything in between. he remains the former president's chief speechwriter to this day. it's a bucket list speech. it's not your favorite undertaking was the state of the union. >> no. >> because elements of government line up to have their arguments made. as construction, how was tonight? >> oh, tonight's was -- it basically started out as a fact sheet that was bereft of facts. went to all the gifts he wants for voters this year. and then they have a tendency to google a bunch of historical things that happened in america and try to string them together. as a speechwriter, i'm in mourning for -- >> amelia earhart got a shout-out. >> so did harriet tubman, but this is also the president that kept her off the $20 bill. they need to be careful with who they're choosing here. >> oratorica

on u.s.ok at the action markets, let's get to bloomberg's su keenan in new york.s from the fcc that they are going to look at acquisitions from big tech companies threw cold water on market action. we saw the market managed to regroup and close higher, but look at big movers, facebook and microsoft to hard by the realization you have the government asking for information. defeat health care came in with strong earnings, analysts taking targets up, in line with a lot of gains on health care, one of the stronger groups. t-mobile, a big victory in court, defeating the final hurdle, the final lawsuit to their multibillion-dollar merger with sprint. and check out sprint, surging 77% and softbank, parent company, a big winner because if this hurdle had not and mounted, softbank may have had to bail sprint out. andr market action, lyft bed bath & beyond, big disappoint on earnings goals they are facing. check out the bloomberg, banking on a breakout is the name of the chart. thefed chairman now says fed is closely monitoring the coronavirus, and there is a view in the ma

keenan ivory wayans. >> "in living color" was the first show created by, written by, directed by, starringe and of change. us opening the doors to allowing america to come inside. >> yo, yo, yo, all you bad bargain hunters out there, welcome to the homeboys shopping network. >> a lot of what they did on "in living color" was trying to take the stereotypes or the misperceptions about what black men are and turn them upside down. >> not only will you get all the cable stations out there, but you'll be able to talk directly to the astronauts. >> it brought this smart, very controversial comedy that black folks had never seen before that centered around their life experiences. >> who are you? >> i am the minister louis farrakhan. >> african-americans composed 25% of fox's market. >> i always get trapped in the corner with somebody named bob. hey, listen, martin, i just saw "boys in the hood," all right? i didn't know, martin, i didn't know. >> they knew that they needed to capture this audience to grow. >> i guess you think you smart and cool. but if you think you get a job here, you're a damn

su keenan has more on this. could this finally be happening after almost two years? coming. this was the final piece of them trying to block the merger because they believed it harm consumers. bloomberg has learned the judge is planning to approve the merger. take a look at the way the stocks are reacting after hours. a huge reaction, particularly from sprint. it is now up better than 70%. the initial reaction was 50. it continues to climb. it is a smaller denominated stock. take a look at t-mobile. it has been up as much as 10%. a big winner, clearly, sprint. a $26.5 billion merger. and t-mobile also is a big one. softbank, sprint's parent, benefits as well, along with t-mobile. you have deutsche bank telecom, t-mobile's parent, but again, the states are said to have failed to be able to show that the combination of the third and fourth largest u.s. wireless harmer would consumers by raising prices. this was the final piece. the combined companies had already won approval from the fcc and from the justice department antitrust division, and then this was the final ro