just like in one nine hundred eighty three the malaysian boeing crash was leveraged against the enemy. a new wave of sanctions hit russia mediately after the tragedy. the united states is imposing new sanctions in key sectors of the russian economy almost a year and three months later the dutch safety board published a report that is itself flights m.h. seventy crashed because of. three well four and or i have the today just outside of the airplane avesta left side of the cockpit the report didn't blame any specific group or person and estimated a very wide area of three hundred twenty kilometers as a zone from which the missiles fired at the same time the russian producer of boog missiles day conducted its own independent investigation. that they speeded me up the fullest. lou of the delegates i mean if you like it the nist is up a school during the experiment they blew up a retired airliner with a bouquet missile and came to the conclusion that the malaysian plane was brought down by the older type of missiles not used by russia anymore but still in the possession of ukraine the com

for a message to the malaysian populace. fora man message to the malaysian populace.way you describe and is still engaged and you say is willing to listen to young people and take on board your concerns and adapt policy accordingly, this doesn't sound like accordingly, this doesn't sound like a man who is ready for retirement.” mean he has mentioned and signalled many, mean he has mentioned and signalled any mean he has mentioned and signalled many, many times, even when there we re many, many times, even when there were some portions of the community who said, please stay on, please stay on, he has said time after time, most recent one in a mac party general assembly you would expect that a time when he says i will stay on as long as possible he said i will stay —— set down before the next election. in 2022? yes. suggestion he will go next year? there is no guarantee.” suggestion he will go next year? there is no guarantee. i was one of the persons who signed the agreement between all coalition partners. i am a member of the presidential party. there is no agreement

let's look at malaysian history.s community only held about 2—3% of the economic equity of the nation. 90% of the population came from the indigenous community. on top of that, out of 8,000 businesses in the 1970s, only 9% were held by the indigenous community. we are not... and now we're in 2019. exactly, exactly. so you are telling me don't be imprisoned by the past, 5, ll, lvll szlél..l l’lfi what about other minority communities? mmmmmmqf you can ask him yourself. he made the position to lead the team when the time came. he determined when the time came? he did. even ifsomebodg, said ! in our government? the point is the work is based on merit. i think that is what matters the most when we move forward. charles santiago, an mp, who supports your coalition as it translates. pa katan ha £2 ggg translates, he says numan afifi was the victim of regressive treatment. if you believe so, i have his phone number, you can call him now. you can call him after. maybe after the programme, we will lose time. what do you make o

beceuse i believe whet'is most- for all malaysians is important. that is the kind of thing that would prove what you mean, notjust the warm words, i am sure they are sincere, but they don't matter a jot unless you change 90% of the population, they came from the indigenous community. only 9% were held by the indigenous community. 5.5.4 552522525i5‘5‘1055' — — ., ~ ,, ,-., imprisoned by the past, why is your party still imprisoned by the past? while we expand malaysia's economic pie, we pursue a policy of equitable economic opportunity, to see that malaysia is a country which doesn't consider discrimination along race and religious lines is wrong. social and economic equity is also reflected in racial and religious inequities. what about other minority communities? you took some affirmative action of your own, numan afifi, a prominent campaigner for gay rights. if you want to ask about numan, you can ask him yourself. he made the position to lead the team when the time came. he determined when the time came? he did. i gave him the option. you offere

the club's malaysian owners say they're very shocked at the news and their thoughts are with his family. the partial us government shutdown has gone into a second month, with no signs of republicans and democrats breaking the deadlock. some unpaid federal workers have been forced to turn to foodbanks. and the oscar nominations have been announced in hollywood. netflix has scored its first nomination for the spanish language film, roma, which is up for ten awards. the period drama, the favourite, is also up for ten, including best actress for its star olivia coleman. that's all. stay with bbc world news. and the top story in the uk: the latest brexit development — island's leo va radkar suggested the latest brexit development — island's leo varadkar suggested if the uk leave the eu without a formal deal they will have to work out a separate arrangement to protect trade under the peace process. more from me later, but first here is rico. the china syndrome — asian stock markets fall on wall street down on deepening concerns over the impact of the trade war between the biggest economies. s

our top stories: the malaysian owners of the premier league club cardiff city say they're 'very shockedigning emiliano sala to the uk went missing. with some unpaid federal workers now forced to turn to foodbanks. let's take a look at some front pages from around the world. starting with the financial times, who are also reporting on james dyson's decision to move his company's hq to singapore. the move is being called hypocritical by some, who say it's at odds with his enthusiastic public support for brexit. the south china morning post is reporting on the continuing diplomatic rift between china, and the united states and canada. the paper says beijing is promising retaliation against both countries if they go ahead with plans to extradite huawei's chief financial officer meng wanzhou. and the japan times has a story about the royal wedding that didn't happen. they say that kei komuro, who was supposed to marry japan's princess mako, is claiming that the financial troubles blocking his way to marriage have already been resolved. the british technology firm dyson says it's planning to

they underwrote bonds for this malaysian fund.de certain disclosures to investors that everything was okay with the fund. they are being investigated that they did not do their due diligence because there was a lot of funny business going on with that fund, as you know. it's facing multiple investigations for using money for -- liz: the dude in charge. >> jay lho. liz: l-h-o. hanging with the super models. >> yeah. you know, it's just amazing. liz: how come nobody ever hangs out with tv anchors? oh, wait, jeff bezos. >> there you go. so he's going to address it. i think what he's going to say is we were fooled like everybody else. i think that's probably his best defense. but solomon will address it. he also has to address a business model question because a lot of analysts as we reported friday are questioning the business model of goldman sachs that's so heavily weighted to trading and investment banking and do they need to buy a brokerage firm. these are some of the things that will come up. you know, listen, just so you know,

read up about the malaysian fund. they were an underwriter on some bonds.ion is did they disclose some of the risks and some of the problems that they should have known to investors. liz: the guy absconded. >> okay. read all that. the bigger problem with goldman sachs, why mike mayo and other analysts are coming in and dropping price targets, is a business model issue. they don't have the diversity. there's the long-time banking analyst. they don't have the diversity jpmorgan does, the massive -- jpmorgan is a full service bank so they have deposits, they have banking services. they don't have -- goldman sachs doesn't have that. their earnings are tied largely to investment banking, where they are shrinking essentially margins. liz: they still came in at the top. >> let me make the other point. and trading. that's where they may get crushed in this quarter because december was a lousy month for trading. solomon will appear on the call, he will do -- the reason why he's doing that is to assure investors all is okay at goldman sachs. read the "journal" today.

the malaysian government will investigate these claims.nfirm this has indeed happened. chief,bloomberg's senior thank you for that. xiaomi's shareholders agreed to a lockup. what that means for the stock. this is bloomberg. ♪ ♪ haidi: -- shery: this is "daybreak asia." i am shery ahn in new york. haidi: and i am haidi stroud-watts in sydney. pay gap in the u.k. widened last year. when men average earned a 61% less than their male colleagues. the difference was already the biggest in banking across all u.k. industries. the gender pay gap is around 17%. hsbc said it will make appropriate adjustments were necessary. signalingfrey gulac alarm bells on u.s. debt, calling it horrific. he likened it to every household in america maxing out three $5,000 credit cards. he said that could pose a greater threat to the economy than people realize, prompting questions whether the u.s. is really growing at all. haidi: sick eight a pharmaceutical has been cut by s&p. they have weekend key -- weakene d key financials. s&p is keeping takeda at investment gr

withext, my conversation the malaysian prime minister.e speaks frankly about accountability and scandal. >> they must understand to be complicit to the excessive crimes is inexcusable. ♪ haslinda: you are watching a bloomberg best special focusing on the bloomberg new economy forum. i am in singapore. malaysia is moving towards a more democratic government, holding elections in may. theoke exclusively with president of the people's justice party, a line to become the nation's next prime minister. i asked him why his confidence exists that the nation can overcome its confident -- overcome the problems it is facing now. >> you have proper good governance with him aquatic accountability that rids the country of corruption, stops the squandering, and then we will have enough to save for the people. i think with this in place, the newe budget focus is methods to ensure transparence and the responsible. we can manage. experience with strong viable private sector, and a strong force. haslinda: of course, front and center is the issue of investig

hostage is one of them a dutch national two indonesian malaysians and a filipino. so that's the group that the authorities think did this also because they're saying that that's the only group in that area that has the wherewithal to perpetrate such an attack and you show let's talk about possible reasons could this attack be linked to last week's referendum on and muslim autonomy in the southern philippines. so far it's a bit too early to tell also because there is no clarification yet on who is behind this attack but there is of course a possibility sulu is a part of the southern philippines that rejected the referendum and these groups if it is in fact the i would say off group for example these groups stand to benefit from from instability in the national police chief has said whoever is behind this attack wants to sow chaos and wants to show for so maybe there was to show that there is still a credible threat and also as i said they stand to benefit from instability because as long as the filipino army is putting out fires in other places they have less they h

leave of absence and wormers that he'd married a former russian beauty queen it's the first time a malaysian monarch has abdicated before completing their rotating five year rule. him in march thousands of fled their homes after clashes in the troubled rection state thirteen police officers were killed in court unaided attacks by rebel militants on the country's independence day fresh fighting broke out in the state last month between government forces and separatists. and egyptian police officer has been killed while trying to defuse a bomb near a coptic christian church in cairo several other people were injured when the device exploded the incident comes just two days before the orthodox coptic christmas no one has claimed responsibility. and ukraine's new orthodox church has formally received a decree of independence ending more than three centuries of russian control the decree was handed over at a ceremony in istanbul ukraine's president petro poroshenko had campaigned for the split which has provoked anger in moscow. pope francis has waded into the deadlock over migrants stranded in t

of absence and rumors that he had married a former brush and beauty queen it's the first time a malaysian monarch has abdicated before completing their rotating five year. authorities in brazil of send hundreds of military police to end a wave of gang violence in the northern city of fortaleza it's the first test of newly installed president charles sonars hardline law and order policies the right wing leader has pledged to make the streets safe again. the off the mouth of intense vandalism in northeast brazil. for a week they will file an attacks on shops banks and buses in the city of full to less. so in response brazil central government stepped in three hundred troops are being deployed across the region to shore up security. the upsurge in violence came as a new government took over in brazil president ship also norah who was inaugurated just a few days ago campaigned for a tough crackdown on criminality that is part of his sweeping reforms justice minister said joe morrow announced tougher measures in brazil's prisons prisons often controlled by gangs. the gangs responded by going o

leave of absence and room is that he married a former russian beauty queen it's the first time a malaysian monarch has abdicated before completing their. five year rule. pope francis has into the debate of a migrant stranded in the mediterranean sea calling for them to be given a safe port in which to dock the pontiff spoke out while senate bracing mass at the vatican he called on european leaders to show solidarity and stop all giving over the fate of the migrants rescued last month by two humanitarian ships they are currently stuck off the coast of miles or as e.u. members decide which country should take them. now the plight of migrants at sea continues to make headlines but many also travel by air and land from turkey to reach the e.u. on the military island of cyprus even there their problems are still far from a. it's just a ninety minute flight from istanbul to turkish occupied northern cyprus from there it's a short drive through the buffer zone to southern cyprus and the european union more and more asylum seekers from iraq and syria are making the journey because shelters are ove

that was data leaking continuously throughout the year what happened this time is that it was an ex malaysian facts data coming from previous data breaches but also some data that has just recently been hacked and that data has been accumulated into profiles of public personas for example politicians but also other celebrities german moderate. host present is journalists and these days have profiles have been also analyzed so the people behind this data breach have time to kind of profile certain public personas and really think of like how can we make them look one of all how can we target them pacifically and that is something that is different because it's more of a psychological wolf in a sense you mentioned who is affected so hundreds of politicians nearly every german political party except for the far right does that tell us anything about the motivation may be behind this attack so experts looking at the account that had initially published these links where the data was circulated with said that the account which was found in two thousand and fifteen on twitter on the social media pl

leave of absence and room is that he'd married a former russian beauty queen it's the first time a malaysian one of has abdicated before completing their rotating five year rule. as fighting continues in ukraine's east of between government forces and russian backed rebels divisions are emerging elsewhere this time in the church on sunday ukraine's all the docs church broke free of russian influence often more than three centuries and it came as all the ducks christians celebrate christmas eve is will. diving into the cold waters to retrieve a wooden cross is one way of celebrating the baptism of christ that's how all the dots christians celebrate their christmas eve in istanbul the city that's been the center of the orthodox church for centuries. the i.c. did came after a more somber ceremony here marking ukraine's historic break from the russian orthodox church which it had to answer to for centuries. patriarch bartholomew the first orthodoxies global leader signed a decree to make it official the ukrainian church has severed ties with the moscow affiliated church united some form of schis

leave of absence and room is that he married a former russian deity queen it's the first time in a malaysian monarch has abdicated before completing their rotating five year rule. on all the dogs christmas eve the newly founded ukrainian orthodox church has gained formal independence from moscow in what is an historic split church leaders formally received aid to create off independence at a ceremony in istanbul turkey being the global center of the christian orthodox scene for the ukrainian church it marks the end of more than three centuries of russian influence ukraine's president petro poroshenko had campaigned for the break which has provoked anger in moscow. matthew cooper is a journalist with post and he joins me now from the ukrainian capital this is seen matthew tell us about the build up to the church's break from russian control well thanks for having me tonight it's actually all happened fairly quickly the discussion of church independence roughly in october soon it became clear that the ecumenical patriarch of constantinople is not. the sole hold almost of autocephaly that you c

making its way west over the malaysian peninsula across the provinces of knock on sea tamarac as well as tiny where several popular tourist islands are located over a dozen other provinces are said to be affected as well does every reporter carl london hola is in the area for us will be speaking to him in just a moment's time but first this report on the efforts by thai authorities to limit damage and save lives. thai officials got to work early preparing for the storm red flags warning the public to keep out of the increasingly stormy seas. authority set up a refugee center in the province of narconon see time about on thursday helping vulnerable communities a scape public's path. some six thousand people were evacuated in this region alone . officials patrolled the beaches urging anyone still there to leave. these structures will all be knocked down every year monsoons damaged beachfront restaurants around here but this time we've got a tropical storm coming and there won't be anything left nothing plainly the name. thousands of holidaymakers evacuated popular tourist islands and re

charging documents, lizner purposefully concealed from the firm his scheme with malaysian governmenticials i think people here are extremely angry and upset about the fact that we had a partner of the firm involved in such a significant fraud. and i would say the impact on our client franchise, at this point, across the globe has been de minimis >> goldman sachs and bank of america up over 7% now, dragging the sector significantly higher with them. guys >> wow, it's a fiery response. thanks, wilf for more on the banks and on goldman specifically, let's bring in rbc's head of u.s. bank equity strategy, gerard cassidy. gerard, good to see you, as always >> thank you, carl >> what do you make of that 1mdb defense? >> i think he did a very good job on the conference call he was sincere, passionate, and was obviously upset at what happened so i think david solomon, in his first earnings call with the street community did a very good job. >> does it -- does this ongoing coverage of the issue put a cap on the shares, over the next, i don't know, year or two? >> i think, carl, i think you're

however, if they don't try to quantify the damage from the malaysian scandal, even a good quarter might not matter, and i don't know if the government will let them tell what going on bank of america might surprise us given the money it's making off your deposits. it make the bank more profitable than ever and it's very digitized, but like all of the banks, it needs permission from the regulators and shareholders with larger dividends and buybacks after the close wednesday, csx reports. since they took over the railroad and introduced discipline to an unruly retrospeblth, there's been nothing but upside thursday morning brings us morgan stanley for my money, this might be the biggest potential for an upside surpriser in the group along with the healthiest buyback. james gormen has navigating regulatory banking better than any executive. i think his intent to buy back as many shares as possible why the stock is down here you know what, i would buy it right along with him after the close, we get results from american express. the stock is down 15 points from its highs so we need to hear t

a new king nearly a month after his predecessor abruptly abdicated sultana becomes the sixteenth malaysian king and the first amends stalled after a resignation no reason was given for the abdication of sultan mahmoud the fifth but it came after he reportedly now twenty five year old former russian queen november. two boats carrying migrants and refugees capsized off the coast of djibouti at least fifteen people are confirmed dead and many more are missing the boats are caring about one hundred thirty people thousands of people from east africa often attempt to cross the red sea in the hope of finding work involved states. you and human rights experts are calling for an investigation into friday's dam disaster in southeast brazil that these ninety nine people have been confirmed dead after the dam holding an iron ore waste collapsed it caused a sea of mud to engulf parts of the town of ramadi. over two hundred fifty people still missing. thousands of former soldiers are gathering in india's capital demanding money on most of them through a scheme called one rank one pension it's the second

the club's malaysian owners say they're very shocked at the news, and their thoughts are with his family. the partial us government shutdown has gone into a second month, with no signs the republicans and democrats can break the deadlock. some unpaid federal workers have been forced to turn to foodbanks. and the oscar nominations have been announced in hollywood. netflix has scored its first nomination for the spanish language film, roma, which is up for ten awards. the period drama the favourite is also up for ten, including best actress for its star olivia coleman. that's all. stay with bbc world news. it'sjust gone 12:30am on bbc news. now on bbc news, hardtalk. welcome to hardtalk. i'm stephen sackur. tanzania is one of africa's fastest—growing nations economically and demographically as well. it is also governed by one of the continent's most controversial leaders, presidentjohn magafuli, otherwise known as the ‘bulldozer‘. my guest today is one of his leading domestic opponents, tundu lissu. at least he was until gunmen pumped more than 20 bullets into his body in 2017. tundu lissu

and he's dealt a tough deck of cards here because he's walking into that malaysian litigation. but nevertheless, they were able to outperform in mergerdvory work, even though they had tough results in trading. they bought backhares which helped, of course. at the end of the day made some strategic cost cutting and that really helped them. >> a stumble -- a stumble for jpmorgan. now, you were seeing that last week as a proxy for the global market given their dfootprint. wh you make of their report? >> well, i don't think it was bad, but i think traders were a little nervous about, quite frankly, jamie dimon's outlook. he was a little more cautious on what he saw going forward, given the shutdown with the government and other issues, tradean issue so forth. and of course they have been the leader. theyere the top performer ong banks last year. expectations were higher. they didn't beat those higher pectations. >> if the fed does stand patton terest rates, what does that do to the profitability of some a,these banks like the b of because those higher interest rates helped their bo

region and what is thailand's worst storm in three decades now public is making its way west over the malaysian peninsula across the provinces of nakhon see tomorrow as well as a sort of tiny oh we're several. popular tourist islands are located over a dozen other provinces are also said to be affected a deal the reporter karl funda hola is in the area for us will be speaking to him in just a moment but first this report on the efforts by thai authorities to limit damage and save lives. thai officials got to work early preparing for the storm red flags warning the public to keep out of the increasingly stormy seas. provisions got underway in the province of not corn seed time out on thursday authorities brought many residents to centers providing shelter. thousands of people were evacuated from their homes and into the patients. officials patrolled the beaches urging anyone still there to leave. these structures will all be knocked down every year monsoons damage beachfront restaurants around here but this time we've got a tropical storm coming there won't be anything left nothing maybe the nam

muhammad the fifth of kelantan, abdicated in january after just two years on the throne, a first in malaysiantitution, the topjob rotates between nine hereditary state rulers every five years. and the doomsday clock, which suggests how close the world is to catastrophic disaster, has now spent longer at its most perilous position on record than ever before. the atomic scientists who control it say it remains at two minutes to midnight. chinese telecoms giant huawei wants to become the world's largest seller of smartphones this year after record sales in 2018. but despite global concern over links to the chinese government and spying accusations, the company claims it's free from political influence. our china correspondent john sudworth reports from beijing. huawei were showing off that new 56 network technology. but something else was on display. sheer ambition. the company aims to be the world ‘s biggest smartphone vendor by next year at the latest. translation: the consumer sales have taught us the biggest revenue source for huawei. for the first time, the sale of our smartphones exceeded

last week, he warned that all malaysians must be bound by the law, whatever their status.cambodian survivors of the khmer rouge are marking a0 years since the fall of the brutal regime, that killed an estimated 1.7 million people. 0ur correspondent nga pham is in siem reap in northwestern cambodia. today is a national public holiday in cambodia, and people here mark the day as the anniversary of the end of the genocide, the fall of the khmer rouge regime, that killed almost 1.7 million people during the short, four year period that the khmer rouge was ruling. so today, i'm in siem reap, where a landmine museum is going to reopen. what a fitting event for the commemoration. and also in phnom penh, there will be a very important event to commemorate the khmer rouge. today, the event starting with a blessing ceremony and there will be a speech by the prime minister hun sen, where he will talk about the importance of the fall of the khmer rouge. he'll be paying tribute to the victims of the regime and also, of course, give credit to his ruling party, the cpp, that has been gov

last week, he warned that all malaysians must be bound by the law, whatever their status. jonathan head sport today. we'll start in spain, where real madrid have suffered a surprise league defeat by real sociedad. the visitors earned their first victory at the bernabeu in la liga for 15 years. they took the lead through a willianjose penalty afterjust three minutes. it went from bad to worse for madrid after that, because lucas vazquez was sent off with around half an hour to play. real sociedad went on to make that extra man count... because, ruben pa rdo doubled their lead it finished 2—0, to leave real madrid a point and a place outside the champions league qualification spots. elsewhere in la liga... barcelona are on course to extend their lead at the top. luis suarez scored a cracking goal in that one. second—placed atletico drew with third placed sevilla. the fa cup third round ties have continued. while the top teams made it through on saturday, there were some real shocks in the eight games on sunday. no more so than in south wales. where there were great scenes at the full—time

the timeframe for a new malaysian king is on the front page of the strait times.ed down on sunday, just two years into his five—year reign. and a self—driving train is making headlines in the japan times. the japan times reports on the successful test run of a self—driving train in central tokyo. the system was developed to cope with the labor shortage injapan. the company hopes it will be in use. mali has become the epicentre of the global war on terror as both al qaeda and the so—called islamic state exert their influence. this increases the challenges facing a multinational un peacekeeping mission, which was established to oversee a peace deal between the government and rebel groups. the bbc has gained exclusive access with the dutch army on a reconnaissance mission in northern mali. our africa security correspondent tomi oladipo has this report. resupply run into the hearts of the desert. the dutch army are on the move on a reconnaissance patrol to be troubled border of mali and burkina faso. dangerous and ungoverned territory. this is the first time the un ha

debris found in madagascar is most likely from that malaysian airlines plane that disappeared withoutce according to a new report from a team investigating mh370. 5 pieces of wreckage including a floor panel were found as early as november. your member the boeing plane vanished in 2014. we were on the air live when it happened with 200 people on board. it is believed to have crashed in the indian ocean but it is unclear why. kim jong un arriving for his fourth trip in china over the last year, he is believed to be working to coordinate positions, a photo of tim and his wife and in pyongyang, and the next round of denuclearization talks take place in vietnam. mike pompeo is set to land in georgia, the top diplomat departing from joint base andrews for a 1-week tour of eight middle east nations. the us will not abandon the region after pulling troops out of syria. he will meet with the jordanian king and foreign minister before making his next stop which will be in turkey and former obama cabinet member helene castro touching down in iowa. slamming the president that a public event in w

. >> for his role in that fraud we apologize to the malaysian people.expect, we look back and continue to look back, to see if there is anything we as a group could have done better. at the same time, i want to to know before each transaction, considerable due diligence was conducted. the french finance minister is calling for the dismissal of carlos ghosn as chairman and ceo of renault. has abandoned him and all but assured he will lose his grip on executive power. there were enhanced voting rights and two seats on the board. they say ghosn cannot remain in charge. spendoft said it will half $1 billion to develop affordable housing in the seattle area. growing response to a housing crisis that has strained the finances of many lower and middle income residents. the company said it will also address growing homelessness in its hometown. tech has been blamed for driving up housing costs in seattle and the bay area. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i

rob: debris in the east african island of madagascar is most likely from the malaysian airlines planeeared without a trace according to new report from the team investigating. he claims five pieces of wreckage including a 4 panel were found as recently as last november. the boeing jet vanished in 2014 with 200 on board. it is believed to have crashed in the indian ocean but unclear why. jillian: kim jong un arrived in china for his fourth trip over the last year. the north korean leader believed to be working to coordinate positions before second summit with donald trump. the media sharing a photo of kim and his wife boarding a train in pyongyang after reports the next round of denuclearization talks could take place in vietnam. rob: mike pompeo sets to land in jordan in a few minutes. the nation's optimal that reporting from joint base andrews for a 1-week store of eight middle east nations. reassuring allies the us will not abandon that region after pulling troops out of syria. he will meet with the jordanian king and foreign minister before making his next stop in egypt. jillian: f

documents, he purposely concerned his scheme with malaysian officials. i think people here are extremely angry and upset about the fact that we had a partner of the firm involved in such a significant fraud. i would say the impact on our client franchise at this point across the globe has been de minimus. >> goldman up 9.5% and that has dragged the sector higher. >> that continues the theme we've been getting from other big banks, that it wasn't as bad as feared. i don't know what the market had priced in. it looks like some blips on bond trading. >> i totally agree we came in with very low valuations and that's highlighted. if you look at the week-to-date performance, which is the least best performer, jpmorgan which was on premium valuation. >> outperformer last year. >> whereas citi and goldman sachs, which were the cheapest, were up 10%, 11% for the week as a whole. yesterday we talked with mike are these big growth stocks. there might not be structural growth stories in the way netflix might be, but the returns have improved a lot over the last year

the real issue underwriting bonds, did they disclose issues involving the malaysian fund, and spendinghy didn't they disclose that to investors? neil: quickly, the shutdown, the president dismissing an idea lindsey graham had, reopen the government three weeks. maybe then if you're not getting anywhere, declare your emergency declaration, what do you think? >> i, i was speaking to white house officials on friday. we reported this twice. i mean they really believe he will hit the button on the emergency and here's why. for the simple reason this week the numbers, slowdown starts impacting economic growth numbers. you just don't want those headlines. neil: politically it's a great out for him. i'm not inviting it but it would at least relief him of you know, i tried. go back to the base. >> advisors, particularly on the economic front want him to do that because they're worried about the numbers. i heard, i'm not in the white house, the rumor mill it was jared kushner, son-in-law, his advisors who is advising him right now not to do the emergency declaration. neil: interesting. i believe

pmi numbers have disappointed in data weut also with the got on the asia side, malaysian seenas the weakest we have . south korean pmi in contraction. it is a fundamental story that will be plaguing some of the markets despite the fact if we get a trade truce between the u.s. and china. a speech from president xi, talking about reunification with taiwan. some stocks we are watching, the liquor maker in china forecasting sales and profits in the double digits, which is defined the china slowdown story. steeply, despite we saw a gain in revenue in december that beat estimates. some say it is short-lived for now. pharma stocks in china seeing a lot of pressure, a plunge where $46 billion of market value wiped out in health care stocks in china. china's efforts to drive down generic drug prices. giving us theman asian markets. it takes us to our question of the day. you have rhetoric about big progress, how far can stock markets rally on a trade deal? join the debate. we are all there. in, join the fray. debra mao has the first word headlines. trump has invited top congressional leaders from bo

the malaysian nightmare will end, and again, i emphasize that was horrendous but i think that you'llh you owned some goldman stocks when it's done. third, there's ibm, down nearly 25%. this is tough. how about we declare them to be a 5.4% yielding bond i don't know how else to put it. ibm is basically a good bond and you know what. i like bonds in a world where the tenure yield is a little more than 2.6% for years buying ibm has been a mistake, but maybe the right acquisition could turn things around my view for now, on the fence. next, i think another downright ridiculous stock that everyone hates so much. technology fourth worst performing stock. it lost 24% last quarter that's crazy united techis about to break itself into three different businesses i see as i see it, the company is worth 30% more than its currently selling for, but fair warning, i did say the same thing about dupont because of its breakup, and that's been a nightmare of underperformance thanks to the trade war and the work that needs to be done to get the thing split up this is difficult, especially in the wake o

tracee: goldman sachs could be liable for $5 billion for its role in a malaysian bribery scandal.lped race $6.5 billion for the fund that was used for bribes to government officials and to pay for a lavish lifestyle. they are under scrutiny from malaysia regulators and prosecutors. jayljamie kloss has been found alive. a suspect has been taken into custody. she was found in gordon, wisconsin, about 70 miles from where she was last seen. authorities are holding a press conference at 11:00 a.m. eastern. shocking video shows the moment a bus driver spots an infant running around on a freeway overpass, you alon alone in the. the driver jumps out to rescue the baby, less than a year old. the child was left outside by his mother who may have been suffering from a mental health crisis. the baby has been reunited with its father. cheryl: that's so scary. what 3-year-old doesn't run away. tracee: thankful for that bus driver. cheryl: let's take a look at futures once again. not a lot happening, dow down 6, s&p down 2 1/4, nasdaq down 8. still ahead, president trump telling fox that he's on