we see a very similar thing we see the london stock exchange up 2 percent on the very same day that the news broke that the economy was shrinking there seems to be a huge gap between what the markets are saying and what reality is saying why because you no longer live under capitalism capitalism has morphed into what i'd call it back not feudalism in the sense that you don't have a competitive capitalist economy with bush who is competition you've got some very few very few platform companies that effectively own the market the don't want to license just their own it like amazon and instance once you are into amazon or facebook you're not got to tell if you are in a kind of soviet regime owned by one man really. and that arrest of the the market economy is shrinking it isn't stagnation money is being pumped by central banks struggling to keep the whole thing the whole show on the road the money ends up with a large corporations that already have savings that they're not investing because of the little beagles in begin it it so they go to change and buy back their own shares so you have

and travel fever has also group london stock markets as investors flock to to eat easyjet and other travel sector stocks. but there are still some major hurdles to be cleared before sun worshippers can hit the beach is. how local countries handle code testing and vaccination checks will tourists have to quarantine. destination countries willing to lift their travel bans at all. but for britons at least now there's a destination in sight. all right let's bring in our financial correspondent in frankfurt ashutosh. good morning brits want to travel to countries want them good morning steve yes that's the big question and all those questions that was in that story at the end. of the different countries that it covering at beijing yeah that remains a big question because the folks who are making the bookings are actually hoping that the situation on the coral front in. the. destination is going to be equally bright as they are. looking in britain so far but that's not the case you know that the country's. crisis and this would be extra careful before they open their borders for a foreign touris

and travel fever has also grip london stock market as investors flock to to eat easyjet and other travel sector stocks. but there are still some major hurdles to be cleared before sun worshippers can hit the beach it's. how local countries handle covert testing of vaccination checks will tourists have to quarantine. and our destination countries willing to lift their travel bans at all . but for lockdown wary britons at least now there's a destination in sight. you know while in the u.s. federal reserve chairman jerome powell says his country's economic recovery remains an event and far from complete his comments during testimony to the u.s. senate banking committee were in contrast to the increasing optimism among many analysts who believe the u.s. economy will grow rapidly this year they expect progress in combat in the pandemic and that government stimulus will lift the economy powell said monetary policy still needs to be deployed to support the economy until it is fully healed he also downplayed concerns about rising long term interest rates and higher inflation that could come if t

the 1st stock exchange right now to issue green bonds in terms of the new green economy and a lot of companies in china and india all across asia have actually trading in the on the london the stock exchange with these green bonds and i do think the sort of the backup plan is the emergence of on the strength of tech in london. fin tech has taken off and to the extent that london now is just off of the us the 2nd tech financial side of the world wow that's really interesting actually and i know we're all talking about technology right now and that seems to be the theme of this show but also a lot of what's in the news right now now here in the u.s. for the u.s. economy much of the discussion is centered around possible rising inflation and what to do with interest rates now prices climbed in the u.k. point 07 percent from a year earlier but inflation is well below the bank of england's 2 percent target is the u.k. facing similar concerns and how is their newfound independence playing a role well as many things we could cover here rachel but i just want to point to something rather immediate rather immediate is that the pound has bounced back to 143 it was as low as $121.

life after a buyout by virtual concert company melodyvr — and today it is selling shares on the london stockrtain age will remember napster as the forefather to music sharing and the platform that made the likes of spotify possible. plays now the time to launch? i think, if you look at the streaming industry, its booming. in the uk alone, it accelerated by around 20% stopping the forecast is by 2020 for the industry could be worth $7.5 billion, like a19% year—on—year growth. what's really interesting is melodyvr, a live constant streaming company, that market currently worth 15.8 billion is going to be worth 62.1 billion x 2027. that is year—on—year growth of 26%. so, big numbers. that vr market. the music industry is going to account for a fair amount. there are strong predictions to show actually thatis predictions to show actually that is the pivot in differentiation into virtual reality, which the other big streaming giants are not doing so much, and it could just pay off. 3 so much, and it could 'ust pay off. �* ., ' ., ., off. a point of differentiation there, off. a point of different

the attack came seven years after he had beenjailed over a plot to blow up the london stock exchange.se. it's half—term for many schools in england and wales next week, with most pupils having been home—schooled since christmas. it's been a lonely and isolating time for many children, who've been unable to see their friends, and hard work for some parents too. but one school on the wirral has been trying to bring some end—of—term cheer, as our education correspondent, elaine dunkley, reports. we've done our maths and our english. for many parents and pupils, it's been a tough term. we did our phonics, didn't we? here in wallasey, joanne has been home—schooling faith and blake. some days it's like pulling teeth. it's like being a one—on—one teacher. you have to sit with him and read through everything. i am well and truly ready for half term. it's notjust lost learning but broken friendships which has made life in lockdown hard. she'd created this bond and the fact that that was broken so quickly, she struggled. no, 0k. 0k. this is a really tough job and we're really proud of your effo

of evidence -- we've talked to people who say they are selling bars at 70% -- at $.70 over the london stock price rise, but we are not seeing signs that could take this beyond wednesday. lisa: how much is the new silver hype reddit and how much is institutional investors jumping on this idea of social media -- i do not want to say manipulation -- but manipulation for their own benefit? eddie: there will be some institutional and some professional traders that will have gotten behind this idea. i will tell you why i by the idea that it was a social media bid. over the weekend we saw the silver eagle sellout at a lot of places. coins and bars selling out. they were trading at a significant premium. trading at $43 an ounce. the second is places that offer trading to retail clients exclusively, they saw people sell gold in order to buy silver. there was definitely a retail bid. how much that has been amplified -- lisa: is there any rationale or reason behind what becomes the next target of social media traders? eddie: silver is a poor pick. as a physical commodity, it is oversupplied and it has

europe has opened up higher here, more than 1% advance for london stocks.ll street today to honor presidents day. president biden is going to continue the outreach for stimulus package. >>> urgent plea for funding for semiconductor funding. if you can't get the chips, you can't make the cars. general motors and ford have temporarily shut down some of the plants because they can't get the chips. ford has been forced to cut production of the f-150, its biggest money maker. the shortage adds urgency to the conversation about the need to increase chip manufacturing in the united states. >>> all right. some royal baby news for you. prince harry and megan markle are expecting their second child. max foster is live in london with all of the details. it was just a few months ago that meaghan revealed the loss, now tell us everything. >> reporter: the last baby news we had, frankly, was news of the miscarriage which the duchess revealed in november. it happened over the summer. and she used that as really a rallying call for people who have suffered in a similar way

and travel fever has also grip london stock market as investors flock to to eat easyjet and other travel sector stocks. but there are still some major hurdles to be cleared before sun worshippers can hit the beach it's. how local countries handle covert testing of vaccination checks will tourists have to quarantine. and our destination countries willing to lift their travel bans at all . but for a walk don't worry britons at least now there's a destination in sight. meanwhile in the u.s. federal reserve chairman jerome powell says his country's economic recovery remains an event and far from complete his comments during testimony to the u.s. senate banking committee were in contrast to the increasing optimism among many analysts who believe the u.s. economy will grow rapidly this year they expect progress in combat in the pandemic and that government stimulus will lift the economy powell said monetary policy still needs to be deployed to support the economy until it is fully healed he also downplayed concerns about rising long term interest rates and higher inflation that could come if t

a flat post for stocks in london and paris. ocks in milan jumped on optimism that mario draghi will be able to form a new government in italy. u.s. president joe biden expects some republican support for his covid stimulus package but said he will push ahead regardless. herged his party to stick together. he and vice president kamala harris met with top democratic lawmakers two days after a group of moderate republicans pitched their own stuff in this bill worth 600. biden's proposal would hit $1.9 trillion, including $1400 stimulus checks. support for vaccination programs and school reopening's and money for local and state governments. senate majority leader chuck schumer said there was universal agreement among democrats for their package. take a listen. >> we hope our republican colleagues will join us in that big bold program that america needs. the vast majority of republican voters support large parts of the program. we want to do it bipartisan. but we must be strong. we cannot daaw4wdle, we cannot delay, we cannot dilute

annmarie hordern alongside me in london hq. stocks extend record highs. wti breaches $60, signaling the reflation trade has further to run. japan's nikkei its 30,000 for the first time since 1990 off better than expected economic data. bitcoins relentless rally stalls after widening wall street approval sends the cryptocurrency to new heights. closing in on $50,000 for the first time. the u.k. hits its 15 million vaccination target. the milestone, set to increase pressure on boris johnson -- to begin reopening the economy. 6:00 in london, 7:00 in frankfurt. the question across markets is, are we at the beginning of a breeze of inflation that could turn into a gale that could reprice to a taper tantrum? good morning. inflation is lit. annmarie: he thinks jay powell and the doves are going to have to at some point start to talk about tapering. we need to look. . it is also what is happening in texas boosting the prices due to the arctic cold swell hitting not just the oil market and the shale patch with wti, but natural gas, electric power. one trader said

in hong kong, hsbc shares may move after its london stock raised to neutral.on the radar after the board decided to defer the dividend payable on preference shares that were sold to the government last year as part of the rescue plan. keep an eye on tencent, with the restructuring of its gaming business being reported, citi says that will improve product quality as well as growth. ahead of the new new year holiday in greater china, we have seen stockmarket turnover take a hit in hong kong, dropping to $19 billion on tuesday. fulks taking a break on that holiday where the stock market will be shuttered. let's take a look at what is going on in markets so far. taking a look at what is going on in japan, losing ground with several earnings on tap. the kospi gaining ground this morning focus. kia gaining ground on the back of its investment update on tuesday, and the asx 200 on the rise, adding a third of a percent. that is just a look at how markets are shaping up so far. shery: and we have plenty more coming up. we will speak to a nobel laureate planning a campa

stocks, final numbers. a little bit of underperformance from london. some of the energy stocks under a little bit of pressure, but the ftse, the dax, and the cac 40 all up. more coverage at the top of the hour on what is happening in the u.k. and around the world. jon ferro and i will take you through the hour on dab digital radio. this is bloomberg. ♪ kailey: -- ritika: coming up, howard lutnick, cantor fitzgerald chairman and ceo. this is bloomberg. guy: from london, i am guy johnson with alix steel in a snowy new york. this is "the european close" on bloomberg markets. robinhood raising another $2.4 billion according to dow jones. the liquidity risk around it is something i do not think everybody was ready for. you can understand why robinhood needed to take on additional amounts of capital to absorb all of this. when you have this additional pickup in volatility around the stocks, you have to compensate for that. that means you need or liquidity, more optionality to deal with all of this. it does look as if we are getting another round of raises co

but the problem is those same bullion banks have a net long position in london because they are sitting on physical stockson. it is two halves of one trade. the short side is visible and people are extrapolating from the visible that there is a naked short bet against the metal, and there just isn't. tom: edward van der walt with us. eddie, thank you so much, on silver and bitcoin as well. -- this is a really important conversation. on the systems analysis, the process, the logistics of moving forward from a vaccine to the societal vaccination. michael spence, next. this is bloomberg. ♪ tom: this morning, the squeezer's of shorts find a silver lining but silver is not gamestop. pro tip, the street is generally long. how do you go along against people already long -- how do you go long against people already long? president biden will meet with the gop 10. senator collins spoke to the president. jerrod burstein says quote, -- the pandemic partition, covid one year on. good morning everyone. bloomberg surveillance on a monday. a busy week, jobs week in america. we will take a look at the january american ec

london. let's get straight to the stocks on the move today.y monday, and we have tuesday, wednesday, and thursday with stocks on the move. dani burger. dani: air is still a lot of action happening, and the two biggest movers are because vivendi is looking at spinning off their universal music group, lifting it by the end of the year -- listing it by the end of the year. the sped up timeline, shares our highest since 2001. lanxess also in the headlines, and up nearly 4%. they are saying the price is right. the bigger market moves, global equities on track for another record. european stocks also up. market caps for the world are at 110 trillion dollars, so the fomo rally is driving part of this. oil rigs shut, driving crude higher. bitcoin taking a breather over the weekend, nearing $50,000. is that more institutional money coming in? is it a new etf in america, or are people betting this is the next inflation hedge? regardless, that off by .8% this morning. francine: i know you have a big week ahead. the testimony in front of lawmakers, with r

london. no fee stocks trade can exact a high price, not only for the retail traders sitting on losses, speculations, or for robinhood, which faces scrutiny for the gamestop buying that spun out of control. what is the future of trading after the wild ride we have seen in the past 10 days? for more, i am delighted to be joined this money by viktor nebehaj. from free-trade limited. thank you for joining us today. first of all, given what we have seen, which was wild in the markets, and the last 10 days, could you replicate that in europe, or are there different rules on what retail investors can buy? viktor: well, you can certainly -- basically what happens, users of the online discussion board reddit banded together and bought stocks that are sometimes called made stocks in the media. they can certainly happen in europe as well. there are a high number of brokerage, commission brokerages at this point. there are over 500,000 registered users, and the financial sector is connected globally. francine: how much more trading interest would we have in the last 10 days? is there a direct correlation with

stocks. the london market is a bit of a lag, but what we are seeing in the u.k. bond market, particularly there's a lot of action on the 30 year, which is something worth paying attention to. the euro-dollar is back north. kailey: i'm taking a look at the longer end of the curve here, it saw a big selloff. moderating over one basis point but it's really a bad news is good news type trade, that stimulus from a weaker job report with an s&p report at -- the s&p 500 at an all-time high. this is actually playing out in today section, gamestop is up 31%, i don't quite know what to say about this, a week ago it had been at a high of $483 a share. guy: i asked our last guest about the robinhood app. president biden says these numbers show that a stimulus plan is urgently needed. president biden: we are talking about the covid package, we saw the job reports, and at the rate it sat, it will take 10 years before we get to full employment. that's not hyperbole, that's a fact. we are in a situation where this will take a long time. guy: 10 years to get to full employment, t

london. this is what the market is looking at, or at least positioned as. global stocksopes for stimulus. let's bring the board up so we get a full market check. there seems to be progress on vaccinations, and there also seems to be receding concerns about volatile retail trading, silver pulling back from an eight-year high. there was a bit of a move on pound after, by any metric, the european union is doing very well after the vaccine rollout. and there was a pivot to 36.93. wall street with a 20% jump on debt trading, doubling the average of 10% of wall street's five biggest banks. ceo christian sewing liens on the unit to drive growth. we are joined by steve aronson. this is a great bloomber scoop. -- this is a great bloomberg scoop. thank you for bringing it on tv. what will that mean for what christian sewing focuses on next? steve: i think it is a big boost for christian sewing, with an effort on the dead trading unit -- on the debt trading unit. if he continued to show market share gains, that validates his claims that it has turned a corner. i think it is really

it is snowing in berlin, sun shining and london. ♪ >> here we go. francine: stocks robert kaplan weighs in on the inflation debate. the markets are optimistic. trump's impeachment trial. footage of the storming of the capitol are key. good morning, everyone, and welcome to "bloomb

london. >>> on wall street stocks jumped in the first session of february the dow up 229 led by microsoft anda. s&p up 60 posting the biggest day since november 24th. the nasdaq up 333 or 2.5%. >>> a new report about the hate groups active across the country now. the number is down but it's where they're going that's making them so much harder to track. >>> and ten republican senators meeting with president biden tonight. can they reach across the aisle and reach some sort of deal on covid relief >>> and next senator casidy, one of the people inside that room he joins us live as we approach the bottom of the hour and the top of the news. ♪♪ ♪♪ ♪♪ feeling sluggish or weighed down? it could be a sign that your digestive system isn't working at its best. taking metamucil everyday can help. metamucil psyllium fiber gels to trap and remove the waste that weighs you down. it also helps lower cholesterol and slow sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic. metamucil. support your daily digestive health. take the metamucil two week challenge and

stocks are closed. these are the final numbers. londonnificantly outperforming and also the miners rose back into life. tomorrow, we are changing things up. tomorrow, with alix steel back in the office, we are stepping up to cable. we will kick things up again. we will be on digital radio tomorrow. hope you can join us. this is bloomberg. ♪ guy: this is bloomberg markets. the headlines from texas continues. within the last few minutes, concerning the last -- texas blackouts, more than 2 million homes in texas are now without power, according to the grid operator. oil rallying on the back of this news. ti up to a 13 month high. basically disrupting flows from america's biggest sales supply. this comes on the -- amid the cutbacks. joining us now is will kennedy to give us the latest. will, walk us through having -- how big of an impact this is having. will: on the oil market, it is having a big impact. we reported early today, one million barrels per day. it is 10% of u.s. production. that will carry on for a few days. it is having an impac

stock will gain significantly. and yolo. it'll will be interesting to see emily times these phrases are used. we will have some fun with it. this is bloomberg. ♪ guy: from london alix steel is in new york. counting down to the european close. the ecb warning progress is to slow. european stocks drop as earnings role in. the biggest drop, credit suisse. we will hear from klm. massive recapitalization. vw shares spike as the auto giant is considering a separate listing. that is the one area, auto stocks, leading european equities higher. stoxx 600 down. not true in the currency markets. the dollar is recovering. the

london. this is the european close. stocksre ticking higher on both sides with the s&p 500 set to an -- to close on a high. abigail doolittle is explaining it all. abigail: froth, all the liquidity sloshing around in the system is showing up in assets across the board. beyond the reddit craze and those huge moves, you can see this in bitcoin. since last may, bitcoin making greater than 20% increases each month. right now, month to date showing a gain. if we turn to the stock space, it's on fire, incredible. last year they raised $81 billion five times. stocks on pace at this moment to raise double ipo's. so this continues for these blank check companies. speaking of hot ipo's, this is the white line, ipo stocks, up 145% since last january on huge volume, really outpacing stock indexes, gold, the dollar. and one ipo in two days was up more than 80%. if that's not a sign of exuberance i don't know what is. guy: so many examples. thank you. some breaking news. it's being reported by the cdc, according to governmental sources in c

london. this is "bloomberg daybreak: europe." u.s. stocks had a record as market attention turns to january's jobs number and size of a healing labor market. janet yellen says market infrastructure was resilient during the gamestop frenzy. vigilance is key. bnp paribas debt trading revenue misses estimates, as it signals an uncertain outlook amid the pandemic. >> if we roll that fixed income into 2021, well, it is not anticipated that those record levels that we saw in the pandemic environment are to be reproduced. annmarie: good friday morning. it is payroll friday. we be counting you down to that all-important jobs number coming out at 1:30 p.m. london time. we did have another record day on wall street. 4 days of gains. 3871 where we ended up on the s&p 500. 3877 when you look at the futures market. in asia, equities higher on the msc asia-pacific. all the action in the bond market when you look at the 5-30's, topping 147 basis points. on the 30 year yield, we are inching ever so closely to that 2%, a level we have not seen since february

you have seen the all stocks, etc., mining stocks acting as a drag on the london market.ng underperforming. the dax, about .7%. it is this move i want to talk about the most. we are seeing the italian market outperforming today. we will talk about bcp's in a moment. the italian banks, big beneficiaries where bcp's move. to the downside, it is higher. that has translated into equities and big outperformers coming through from italy on the back of mario draghi looking like he will become the next prime minister of italy in rome. let's talk about bcp's because it is significant. people are talking about this having the potential to go even more with trading at 50 year basis points at the moment, how much slower can we go? we are trading circa 105 over germany at the moment. how much below 100 can we get? all of these questions need to be answered. if we do see a move lower, remember that will translate into the banking stocks. we will talk about banks in a moment. in the meantime, let's talk about euro-dollar. this is a factor when you think about the factor of europe and th

london, i'm caroline hyde. joe: i'm joe weisenthal. romaine: i romaine bostick. stockso miniaturize, but the trendline on volume is down. joe: the question is, what'd you miss. caroline: meme stocks like gamestop and emc have come back to earth in last training sessions, there is signs of a run-up in newest reddit rocket ships, like a rocketship maker. what are the many issues left? we are going to focus on how fintech and wall street approach this new breed of wall street trader. the u.s. treasury secretary janet yellen has called a meeting of regulators to deal into the events of the past week. on the platform side, robinhood and other silicon valley companies looking to disrupt finance are learning the hard way they need to stress-test the business world financial goals. one committee that poses regulatory liens longer than the others, successful history for paypal, reported earnings after the bell. joe: absolutely. paypal along with crypto, anything like this, fintech, phenomenal window that is part of the story, but not doing a whole lot after hours. romaine: if yo

london. this is bloomberg zpay break europe. stocks higher as the fed's robert cab lan weighs in on inflation debate. plus stimulus expectations rise before any package comes, president trump's second impeachment trial, the senate says it is constitutional. and corporate results coming in thick and fast this morning. we're going to be hearing from the likes of socgen. good morning to you. i want to get a check on what we're seeing in the price action this morning. yesterday wall street did close lower. we didn't have a seventh straight day of gains. not every day can be record highs. we are advancing, 13 points on the s&p 500 alongside european equities. china extending gains north of 2%. 10-year yields trading at 1.5%. what a turnaround it has been from a year ago. our last guest talking about uplifting the brent prices. $70 or north of that. the dollar is breaking down a bit. you see the euro breaking out there, breaking through 1.2124 is where we trade. one of the main drives is this fiscal stimulus bill in washington, d.c. the late

cryptocurrency bitcoins of more than 60 percent since the year with london outside of the you answer them has become the year's largest trading hob stock exchanges in the dutch capital were trading shares with 1200000000 euros per day in january after picking up a chunk of u.k. tour of the derivatives business making the city the number one market place in the black. and gold of the car industry now or fox lagan has announced that marco soft will provide the cloud based software for its autonomy vehicles that deepens an already existing partnership between the 2 companies and it comes as more tech giants are partnering with automakers where demand for digital software is soaring . cloud services secure data transfer and artificial intelligence on the one hand automotive know how on the other microsoft and folks fog and hope to work together to speed up the w.'s development of automated driving the software situation at the auto giant in its 12 brands including audi say at skoda and push it has before now being chaotic with each unit doing its own thing v.w. then consolidated its software development program into one subsidiary car soft

london market hit hard by factors, a stronger pound and barclays down. stocksbp and shell down. oil adding weight to the downside. dax buoyed by solid numbers from volkswagen and daimler. porsche operation spinning out. alix: porsche. thanks a lot. 20 minutes time, the house financial services committee will begin its hearing on the gamestop case. we looked at why payment for order flow would be a hot topic at the hearing. ♪ reporter: day traders are piling into the stock market. major wall street firms are paying lots of money to handle their trades. it has outraged some who feel the relationship is to close. it is called payment for order flow. it is a key pillar of daytrading. the brokerage, like robin hood, will direct orders to a market maker. in return, those makers will pay the brokerage a small fee. those firms are making money for stocks and options and the sec has traditionally expected it as a way to transfer profits to brokerages. that helps the market maker amass greater volume of trade, ultimately bringing them more money. they add up. they reache

upgraded cabin is expected to debut on jetblue's new route to london this summer >>> on wall street, stocksped in the first session of february dow up 229, led by microsoft and visa s&p up 60, posting its biggest day since november 24th. and the nasdaq up 333, or 2.5% >>> a new report about the hate groups active across the country now. the number is down, but it's where they're going that's making them so much harder to track. >>> and ten republican senators meeting with president biden tonight. can they reach across the aisle and reach some sort of deal on covid relief >>> next, senator cassidy, one of the people inside that room he will join us live, as we approach the bottom of the hour and the top of the news. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring yo

upgraded cabin is expected to debut on jetblue's new route to london this summer >>> on wall street, stocks session of february dow up 229, led by microsoft and visa s&p up 60, posting its biggest day since november 24th. and the nasdaq up 333, or 2.5% >>> a new report about the hate groups active across the country now. the number is down, but it's where they're going that's making them so much harder to track. >>> and ten republican senators meeting with president biden tonight. can they reach across the aisle and reach some sort of deal on covid relief >>> next, senator cassidy, one of the people inside that room prchhel join us live, as we apoa t bottom of the hour and the top of the news. this is carl. carl shopped for the lowest mortgage rate and chose amerisave. perhaps the first decision in his life he won't regret. unlike the hitchhiking incident that took his thumb... ahhh! ...which ruined his career as a hand model... it's over. ...and his marriage to europe's #1 foot model... we are in love. ...and his signature dance move. but now that carl's found amerisave, he'll be saving mo

london, 7:00 a.m. in frankfurt, rip it up and start again. i am talking about global stocks. jp morgan, john norman is bullish all the way. we will talk about those energy markets in just a moment. this is the driver for jp morgan this morning. they are not fearful. they want more. annmarie: they certainly do. they are asking, what is the next force, quoting newton's law. the next force will be when the fed starts tapering bond buying. you have this momentum on monetary and fiscal policy. in the united states, with impeachment behind the biden administration, this just means we are back to that fiscal debate. i also have to say, numeral has an interesting piece out as well. they say season may heighten risk of short term pullback because it is february. be careful in the second half of february. manus: will get into the texas power outage throughout the show. the commodity super cycles debate is really quite interesting. julius baer was with me and they said, don't get sucked into the idea that this is all about china and iron ore's, this is about the housing market, the elec

ftse, dax, euro stocks and futures contracts all trading lower. three times the -- .3% down in londond u.s. futures are off after another all-time record high for stocks. anna, what do you see on the global macro-movers screen? anna: it looks a little bit sluggish, doesn't it? the pick through asia, we see that sluggishness, flat for asia. the markets are close, the lunar new year holiday is upon us. australia underperforms. you mentioned in our headlines what is happening in the state of victoria, that snap lock-down. that brought markets down by .6%. as there aren't many stock markets open, it seems to be weighing on things. there was tepid demand on the long bond auction yesterday. we get a picture of the detail. none of that puts stocks off their stride. another all-time high on the s&p. let's get into this market conversation with heather, markets live editor who joins us. he was reading one piece of analysis from a strategist. he said i fear if we melt up and melt up, then we will be in store for a melt-down later on in the year. is that the conversation still, around what is pu

london has little to celebrate after the first six weeks of freedom from the european union. the financial district lost its crown to amsterdam as the top place in europe to buy and sell stocks.ns are set to continue in 2021. still, london's backers say that it will still flourish as a financial hub. a profit for disney. a company posted a surge in disney plus customers, and losses were lower at the parks which have been crippled by the coronavirus. the ceo highlighted the 20 million plus new disney plus customers as a sign that the media strategy is paying off. kailey: disney shares are lower by 1% despite that big beat. 95 million disney plus subscribers. the street was only looking for 90.7, and they are still disappointed. i guess there was so much anticipation priced into that stock after investor day in december. guy: the stock has been surging lately, so no surprise. some of the challenges are still there. how do you actually make money off of the streaming service? this whole sector is in a state of flux. once we reemerge from the pandemic, how does hager alter? the theme parks doing slightly better. how does behavior change? if domestic travel will be a phenomenon in

london as the sun is rising. it looks like summer, springlike maybe. here is dani burger with a look at the stocks to watch.loyds banking group reporting numbers this morning. dani: the fact that the u.k. housing sector has been resilient has helped lloyd's, they were able to beat on the fourth quarter. government support helped. they were able to resume capital distribution plans. their plan is a dividend at 57 pence per share. it shows the uncertainty created by the pandemic is still not over, but at least in the near term it looks like lloyd's giving positive results. anna: and this manufacturer of household goods, what did they deliver? dani: all those hygiene products means it has been a good year, a good quarter as well, beating on their sales over the last three months. and it has different deals they are looking at. they are considering a strategic review of a nutrition product in china. it will sell its footwear br and, and a painkiller brand. anna: talking about m&a, in the chemical sector we were talking to the ceo of a business about that, and we see more evidence of that taking place or aiming

london, i am caroline hyde. romaine:'s look at where we stand in u.s. markets. the stocks keep on rising. yes and be posting its biggest rally -- the s and p posting its biggest rally in weeks. kailey: gamestop down 100 -- i am joking. we are talking about retail traders finding this people -- finding the silverlining. the price of silver surging as the reddit army turned its attention to the precious metal. the ishares silver trust etf c and unprecedented flows of late. an investment product that benefits can griffin's citadel with its rallies. joe, you called it several years ago. silver bugs, they are into conspiracy theories. this has been another perfect storm of retail trade. joe: i am not going to say anything negative about silver bugs because i am worried that our guest coming up might be a customer. silver is doing very well and internet chatter seems to be a part of it. romaine: i don't think there are all that many shorts in this. you take a look at the cftc positioning, you can see the net longs here, more important, you look at the trend line, even if you go back beyond 2017

stocks have settled. we are through the auction process. a little bit of underperformance from london.een a big focus on a currency market and also what is happening with individual names. unilever and shell big drags on the london market but a little higher during the auction. on the cable jonathan ferro and i will be taking you through that on dab digital radio in the london area. this is bloomberg. ♪ ritika: this is "the european close." coming up, an exclusive interview with ivan tarver and at 1:00 in new york and 6:00 in london. this is bloomberg. let's check in on the bloomberg first word news. house democrats are heading into a showdown with republicans overt representative marjorie taylor greene. democrats want to remove her from the two committees she served on because of incendiary comments in her path promotion of conspiracies. some republicans have spoken out against greene, but kevin mccarthy rejected calls for punishment. applications for state unemployment benefits fell last week i more than forecast. initial jobless claim dropped by 33,000. continuing claims, a measure

the mining stocks, doing pretty well. that helps the londonerform a little bit but still negative territory. let's get a bloomberg business flash laura wright in london. laura: china is calling on the biden administration to scrap tariffs, putting the onus on washington to repair their relationship. china's foreign minister said the two sides should reopen some channels of dialogue that was cut off under the trump administration. >> more than ever, china and united states are capable of getting big beneficial things done. under the current circumstances, the two sides may start from easier things. interact actively and build up goodwill. we hope united states side will adjust its policies as soon as possible. laura: an explosive engine suburb. -- engine failure has showered over a denver suburb. u.s. regulators are ordering emergency inspections of the boeing 777 engine made by a division of raytheon with japan and korea halting flights. the plane in question landed safely in denver and nobody was injured by the falling debris. iran has offere

in europe we see stocks in fine form, 1.1%, getting a boost in particular from the london market fromil prices. same applies on the cac 40 as well. lots of talk about in terms of what is going on in the media space and selling

. ♪ annmarie: good morning from london, this is "bloomberg daybreak: europe." here are today's top stories. stocksse as investors factor in the impact of a big stimulus package. wti hovers at $60 a barrel as freezing temperatures and a power crisis take out about a third of u.s. production. after a vote of confidence from the market, mario draghi faces a vote in the senate as he takes the reins in rome. manus, good morning to you. 6:30 a.m. in london. what a 70 -- what a wild 72 hours. the question is whether or not it is a spike or a long-term trend. the next question is, what does that mean for equities? manus: what is the tipping point for equities? td securities sums it up as to whether receiving a tantrum without the taper. that is the issue. the reason the treasury market crashed is because you see stocks, property, monetary and fiscal policy adding 140% of gdp. talking about a rewriting in the bond space. it's about breakevens as well, spiking higher. is it long-term, short-term, or a catch-up spike? annmarie: last week we saw the steepening of the yield curve and we did start to see the ri

stock names. hsbc, big driver, today putting london on the front foot, up around 4%.continue to see that debate happening around where hsbc's future lies, is it in china europe, the united states? how does it deal with the differences in the ways that governments treat banks in those different jurisdictions? 2005, adidas buys reebok, today making the announcement it will divest that business. the stop not budging. largely anticipated. a huge walked back for adidas. bhp up 1.5%. glencore also having a solid day. the commodity super cycle being embedded in the mining sector. alix: let's get to that in talk about the broader implications. we are joined by pimco executive vp and market strategist. tony, it has been a while. can you help us with the link between the commodities super cycle and inflation? tony: keep in mind commodity cost is a small part of the inflation picture. what matters most is inflation expectation and wages. commodities may count for around 10% of the complete story. it is what we think about inflation that matters most. what we think about inflatio

london. we have a fantastic exclusive coming your way, from the french banking giant bz pe. -- bpce. i am looking forward to that. global stocks, virus trends, also the u.s. stimulus plan, looking at the renminbi, the one that is quite interesting -- interesting in today's trading session, holding at 1.9 percent after crossing the 2% threshold. now let's get to the bloomberg first word news in london with leigh-ann gerrans. hi, leigh-ann. leigh-ann: hi, francine. the impeachment trial against former president trump is constitutional. they voted to proceed, rejecting the argument that trump cannot be tried because he is no longer in office. the arab world is celebrating the arrival of the first capsule to mars, entering orbit after its seven month, 480 million monitor journey. two more unmanned craft from the u.s. and china will arrive in the coming days. >> the sequence went exactly as planned to the docks. we are quite happy that it was smooth sailing in the orbit around mars. all have been checked overnight by teams. everything seems nominal. we are now assessing the current orbit that we went into to see what we will do goi

winning -- waiting -- waiting on the csi 300 -- stocks looking incredible positive across the weekend. you mentioned what we are seeing in copper in london. copper in shanghai on track for its best day in 10 years. and australia minor at july 2000 and eyes and one stock in hong kong up by almost 18%. a lot of copper players all rising, rio up 3% in sydney as well. manus: thank you very much. setting the tone in the asian markets as we kick in on monday. simone joins me. >> good morning. the united states is nearing 500,000 coronavirus deaths with doctors saying normal life may not return until 2022. -- spoke with the number expected in the next few days, saying it will be a historic but terrible moment. as covid-19 cases and hospitalizations are falling sharply, with the u.s. ending up or than 60 million vaccine doses so far. >> is stunning, almost unbelievable but true. this is a devastating pandemic but it is historic. people will be docking -- talking about this decades and decades from now. >> u.k. prime minister boris johnson is expected to announce an easing of virus lockdown measures that later with all schools being allowed to re