that's why lse had to sell to make concessions to the competition authority. we are joined by the ceo of e o euronext who joins us from paris. what's the rational from this deal. do you think you would have bought this business if it weren't for the lse and the deutsche boerse dear? >> it's a natural transition for us. clearnet used to be an acetoned and controlled by euronext in 2003. clearnet makes 50% of its flows from euronext clients. it was a natural step for us to look at the opportunity when it came to buy back this asset. in addition to clearing assets or clearing flows, this is providing the top line with significant incremental revenues in fixed income. it's a good deal for the shareholders, and the clients of euronext. we're happy with the situation. obviously, as you pointed out, this deal is conditional upon the completion of the merger of db with lse. so, we are just trying to maximize the opportunities for shareholders and clients. if the merger is completed, euronext will be strengthened at the core of the eurozone markets, if it's not complet

lse down one half of 1%. atvs of u.k.data, manufacturing, weak sterling boosting manufacturing, the highest level in 2.5 years. we had been below 50% post-brexit and now 56% right now, what sterling is doing is fueling inflation, a survey today showing the output prices rose for an eight month, 75% of companies mentioned in the exchange rate, many cited the higher price of commodities, including oil and steel. the ftse at a record high, the stoxx 600 in a bull market, what more can i say? on the firste bump day of trading for 2017, u.s. markets as well. 1%, ap 500 at 610 sub 2251 but some of the top performers are energy companies and crude oil has regressed course, down now. a nice bump earlier on after the opec news that the production cost were going ahead but now changed to wti is dollars in an hour or two, down 8/10 of 1% as is brent. the dow jones industrial average is also higher by a third of a percent. in currencies, you spoke about some of them, more in a moment but the dollar index continuing to strengthen, thi

the glue that binds everything lse together is the fourth pillar, collaboration. rather than fix broken schools, too often in the last two decades, the response has been to privatize, to disrupt. et's be clear. in the wealthiest country in the world, 23 states still spends less on k-12 education than they did before the 2008 recession. isruption may be in vogue in business schools, but disrupting rather than fixing struggling schools means mass firing, school closures, school deserts and communities, and district and state takeover. these approaches are not effective. especially when it comes to improving student outcomes. as the president of a teachers union and a former president of the largest local union in the world, i can attest that in education, if you set out ooking for a fight, you'll ind one. you probably won't find a olution. you don't hear as much about the many quiet successes that result from educators and administrators working together to improve achievement and well being. in the southern suburbs of los angeles, for example, the a.f.t. unified sh

and this 13 your combination and what it wants to do is smooth the way for the deutsche to take over lse for 12 billion euros, which would create a european powerhouse and everything from indices the stock market and clearing and it is the key rationale for the acquisition and the deals most difficult hurdle and the eu scuttled a similar time in 2012 committed concerns it could shut up rivals. tennessee is down by .5 of 1% and you can manufacture with growing at the fastest pace in two years. it did dip sharply post brexit with the contraction in the industry. we have freely risen sharply since that 56.1 was the bigger last month, externally 17 -- seven month decline. it is fueling inflation, and that is interesting. market surveys show cost canal put prices rose for eight months, 75% of companies mentioned in the exchange right now, citing higher prices for commodities, including oil, but manufacturing is bigger and we have seen in the u.k. to start 2017 with a bit of a bigger and happy new year. vonnie: very happy new year to you, too, mark. city of london and broader markets. let's ch

about training because i thought it was just a sausage factory and they would turn me out like everyone lsethe acquisition of something called technique is really something there to serve your imagination and get rid of your bad habits which get in the way of making your own, unique imaginative response to a text connect to the audience. guest: people collect hings. it is essential because if you have a wide ranging, omnivorous curiosity, you have to have what you might call a network and it is important if you want to group them around you that you do so. you can't do one by one. you have to have more than 355 days on the calendar. it all sounds absurd. ou have to have a childish interest in trying to converge and bring people together, bringing you together with somebody he might not think would be of interest to you. yet you might suddenly find you have made a new friend. it is casting. it's like someone else's passion for baseball or tennis. charlie: that's it -- you say the idea of interesting conversation with people who have something to say is your sports and your entertainment. geo

everything es lse i love, but cd rain is not one of them. on the radar now, not picking up anything on the radar but still seeing drizzle in parts of the region. the main storm system is now well off toward our north east. new york still seeing some of that rain. now we're looking down to the south. this is a very potent storm right now, bringing a lot of severe weather to parts of the southeast. that's the storm that will move our direction. once again, we're not going to see any severe weather here, but we are going to see some rain. some of that rain will be on the heavy side tomorrow. we'll also see warmer temperatures. 60s out ahead of that system. that's some of the warmer air that will move on in. temperatures tomorrow about ten degrees warmer than they are right now. yeah it's rain, but maybe not as cold rain but still kind of dreary for sure. by 5:00 a.m. we start to see some rain, some of it heavy at times. a lot of rain in through northern virginia. everybody see it cing the rain here early tomorrow morning. by 11:00 if heavy stut

more on "fast money"'s 10th anniversary week. hegesu at ykn i.inerers iel t.anr dith.....p that ul lse oo u did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. >>> news alert on pandora. >> that's right. pandora shares spiking up in after-hours trading now. the company now saying it expects to exceed it's q 4 guidance, exceeding the ranges it previously gave citing strong advertising performance. it has surpassed 4.3 million in paid subscription owners. it plans to reduce its u.s. employee base by approximately 7% by the end of the first quarter of this year. also saying it's going to be leveraging platform and real life lench. ceo saying workforce reductions are always a difficult decision but the and monetization. >> thank you. it's worth n

lse bar in orlando was not the first to be the site of a mass murder. in 1973, an arsonist that fire -- set fire to the gay bar the upstairs lounge in new orleans, killing 32. despite that large number of fatalities, no politician, not the mayor or governor, certainly not the president, expressed sympathy or made any kind of a statement. the fire was likely set by a psychologically unstable patron, but we will never know, because the police were not interested in investigating and that patron committed suicide the following year. according to a survivor of the upstairs lounge fire, what happened to us had to be kept private. the public did not want to know about it, and if they heard about it, they did not care, saying things like, think they are gone, they deserved it. and yet, the gay and lesbian population continued to push for rights, continued to push the american medical association. in 1974, the year after the fire, the diagnostic and statistical manual of mental disorders of the american psychiatric association removes homosexuality from its lis

twepped to think they are streamlined and maybe they look like rockets more than anything lse. the spacecraft has an interesting design and is fairly primitive given the job that it had to do. it did not need to be streamlined on the outside because it was not going to operate in the atmosphere. it would only operate in the vacuum of space and would not be subject to strong gravitational field on the moon. it was actually fairly flimsy in ome areas. the legs are obviously strong. the mount for the rocket engine is strong. but the craft itself and the crew module, crew cabin were airly spartan. it had two windows. armstrong had command of the craft during the final descent to landing. both were standing and fully suited in their space suits. hey pretty much filled the interior volume. it was designed with the purpose of planning given the crewneck -- crew an exit so they could spend a couple hours on the surface of the moon and then launching again along with their precious cargo to demonstrate that they had been terrelsd to have those for scientists to begin analyzing and bette

lse group will use the proceeds for general corporate purposes to view and approval i the european commissions in connection with deutsche. oft has been on the bottom your screen. up next, a roller coaster year that closed with the ftse 100 at a record high. run in 2017? to we discussed. this is bloomberg. ♪ ♪ london.:20 a.m. in a: 20 a.m. as don breaks in berlin. a beautiful shot of berlin. you got euro-dollar on the bottom of the screen. lira. you -- dollars inflation came in at 8.53%. a her and his terror attack in istanbul over the weekend. ongoing search for the perpetrator of that and isis claimed responsibility. lira at record lows on the back of the terror threats. in december, almost 1% above the estimate out there. more issues on the turkish lira. julia, good morning. julia: manus, thank you. bank's former co-ceo restarting his career at a smaller firm. he is joining cantor fitzgerald where he will help expansion of brokerage. he helped weld -- build deutsche into germany's biggest security firm. korea has banned the sale of some cars made by porsche after the automakers were found

as opposed to policy lses of the obama added a mshgs. the enhancements on electronic system for travel authorization, i think people don't realize i'm aware of a situation recently where because of the electronic enhancements we were able to stop some one from coming to america that was coming from a visa waiver country to south america, then planning on coming to america and doing us harm. we were able to stop that travel. in fact, since february of 2016, 40,000 individuals have been denied visa free travel due to the enhancements put in place. along with that, as we tried to do preclearance in various countries around the world. so that we are checking people before they get on the plane with maybe some one would call it extreme vetting. that is now going on across the globe. have you had a chance to look at that, and do you believe that -- i mean that's really the border that i'm most worried about, people traveling here from visa waiver countries with an eye towards doing our country harm, and our ability to stop them. >> senator, i

assistant professor in the department of international relations at the lse.f political correspondent vicki young is in westminster. mps have been giving their advice to theresa may about what she should say to donald trump on everything from trade to torture. a lot of them flagging up the difference is that we have with the opinions of the american president, urging herto be opinions of the american president, urging her to be frank with him when she sees him tomorrow. downing street said the land close relationship between our two countries means she is able to have frank discussions with him, she can tell him what she thinks. she said yesterday she would not be afraid to tell an american president is what she thought. let's discuss this more with the liberal democrat mp. she is going to see the us president, we having long association and ties with them, what would you like her to say to him? the special relationship has been built on shared values and a said at that. we need aider assurance that presidents chun continues to share the same values. he said s

lse they >> reporter: diamond andrter silk i have seen a lot of yourer videos throughout this processgp your support of donald trump. trump. tell our viewers who maybe are e just getting to know you where stuff so they can see and and learn about your support ofuppof him throughout this process.p >> they can go to diamond and a silk store.com or diamond and silk or we just say google us s diamond and silk and don'tilk at forget to follow us on us facebook diamond and silk.n >> reporter: girls after my afty heart. i dohe that after every lit.r e. enjoy your day today. to stay safe. st thank you very much.ay sry much. there you guys you have it sending it back to you. >> awesome. al andnde very voc visible when donald trump wasum running for office. ofice. thanks for bringing them to us. diamond and silk.di >> reporter: i saw themam in line with their sparkly trump pins so i immediatelymed recognized them.ized the there you. >> oh ronica thank you very much.nica tha >> 6:07. they're all bundled up thisbundu morning for good reason.g for gd it's a little chilly out rittlet there, tuck.t >>

francine: brian class is an lse fellow and also with us for the hour is andrew sheets.k at what we heard from donald trump, he had in the past -- you have in the past been quite critical of him. what was the critical factor in the press conference? brian: we have a series of attacks on donald trump that i think are not partisan. there is a lot of issues that are not about democrats or republicans, but about american institutions. press freedom. keep in mind the last press ago sonce was 160 days you had six months of buildup questions. his attack on the media, intelligence agencies, and norms of the american public are deeply troubling to many people whether democracy or republican -- democrat or republican. was in your this textbook at carleton college. if you were teaching first-year undergraduates today, how would you explain the new american democracy? brian: we are being exposed to the fact that a lot of checks and balances, the ones you hear about in school are not actually written in law. tom: are there going to be with mr. tillerson, will there be checks and bala

picture is 100,000 you have the lse merger at the moment.bout deutsche boorse and moving part of the business to germany. it is a big issue. it is fair to assume there are pretty good odds we do not retain passporting rights, but we have a good regime under the pra. equivalent's, and business is being done across the u.s., europe, asia, the u.k. because of that approach. mentioned a land grab that is possible. it will be down to the politicians. you referred to a corporate story. what the ecbe decides it will or will not allow. jonathan: the bank of england has already won one case a few years back. this would be political. i think it will be transitional. we will be talking about this again and again. we started talking about brexit a year and half ago. this will be similar. mean, 60% ofes it passports to the insurance sector? >> it pans on the business. this is a piecemeal approach. it depends what sort of business and where you want your business. hsbc is a massive business and france. it is about figuring out when the pound has fallen an