hi, mark. i'm elizabeth. >> hi, okay. >> reporter: nice to meet you. >> you, too. >> reporter: why don't you have a seat? >> okay. >> reporter: how long have you been in this prison? >> reporter: there's no question that what happened to ira that day was terrible and tragic. but attorney chris mumma, who's devoted her career to exonerating the wrongfully convicted, says carver is also a victim. >> we think mark is innocent. and if mark is innocent, the family has not received justice, and the true perpetrator is still out on the streets. >> reporter: mumma took me out on the river to the spot where carver and cassada were fishing that morning. mark would back his truck down this road? >> down here. >> reporter: so he didn't walk the road, he drove down. and literally parked with the back of the truck right here. >> he would sit on the back, the tailgate and fish. >> reporter: cassada left around 12:30 that afternoon, leaving carver alone. half an hour later, two jet skiers out for a ride on the

mark: i am mark barton.heck in on bloomberg's first word. >> 60% of voters say the carrier ofl, which saved the jobs about 1000 jobs in indiana, use them a more favorable view of the president-elect. 74% say they support raising that on u.s. companies outsource manufacturing jobs. 51% say it is acceptable for the president and vice president to negotiate directly with private businesses. defense secretary ash carter says the u.s. will give back nearly 10,000 acres of land on okinawa to the japanese government. it was used for jungle warfare training. >> we share your commitment to the realignment and are prepared to make the largest land transfer in the history of our alliance. and i can confirm to you that we share your objective. >> the giveback has been in the work for 20 years. russia says the u.s. has declined to meet on syria this week he at -- this week. foreign minister the two countries were closed to a deal to let rebels leave aleppo. in south korea, president park geun hye is willing to step down

mark: and i'm mark. welcome to bloomberg markets. ♪ julie: we will take you from new next hour.don in the here's what we're watching. international monetary fund chief chris the lagarde convicted of one count of negligence by a paris court. we are live at the courthouse over her handling of a multimillion dollar dispute. mark: barclays is narrowing its customer list to focus on relationships that produce bigger profits. prepares to tell 700 clients to do more trading with the firm or take a hike. lie: and could oil giant aramco -- minutes into the trading day. abigail doolittle has the latest on the trading session. happy monday. we are looking at small gains for u.s. stocks. the dow opened slightly lower. this puts the dow on pace for its seventh weekly game in a row. in about two years. we will keep an eye on that. we take a look at the commodity complex. looking at quite a bit of red. we have oil slipping around even. copper down for its third day in a row. lots of weakness for the medalists especiall

mark: sterling, cheap. how cheap? johanna: it is cheap. mark: against what?ohanna: against the dollar. having watched sterling for 20 years, it is the cheapest i have ever seen it against the dollar. it will put it back -- what put it back on our radar is that the bank of england indicated they saw upside inflation risk. one central bank that does not want a cheaper currency and that makes it stand out. we may get bad news, but that is better than uncertainty. whohe month, we have seen the players are and their reaction functions and that reduces the range of outcome and the political risk. mark: we face another big year of political risk with elections in europe. att have you learned schroder investment management for positioning ourselves for major events? what a be learned from brexit, the italian referendum, the u.s. election? johanna: we have always had the view you need to consider a range of outcomes. the way we cope with political risk was not something we expected, but we make money off of it because even if you did not expect it to happen there is s

mark: i am mark barton.s janet yellen plans to navigate the impact from president-elect donald trump's plans to revive the economy, her counterpart mile jog he is committed to doing what it takes upsupport europe tashkent our mario draghi is committed to doing what it takes to support european's recovery. is anan greenspan: there irreconcilable issue there that i do not think is going to get resolved, and i'm very much concerned about a euro crisis because there is no real, major -- there is no big institution that can backup the euro, if it gets into trouble. david: so even as we speak right now, the yield difference between italian bonds and the bond in germany is substantial and growing. does that indicate the tension there is in the eurozone and pose a serious, existential throat -- threats to the euro? chairman greenspan: that is a major issue. one of the things i watch every morning is the spread of what we o.ll target t to is the european central bank mechanism in which the individual banks, the bunde

>>mark: donald trump is rejecting those claims. >>reporter: down some blasting the intelligence community that actors metal in the presidential election intelligence community is more confidence that an enormous influence the election in favor include multiple sources he joined fellow republican senator and democratic senator and chuck schumer and calling for an investigation. >>reporter: that also be a sticking point regarding his leading candidate in the search for secretary of state has ties also recall the concern of including republican senator process' sunday being a friend is not an attribute i am open for from the secretary of state >>mark: much of the industry criticized him during his campaign saying he will stifle innovation and they have not confirmed and going to this meeting to include amazon founder he criticized a vote on the washington post for the paper's coverage of the campaign and after the break... cities in the east bay still cleaning up after last weeks rain. we will show you some of the damage left behind b

mark: i'm mark halperin. john: i'm john heilemann. with all due respect to all those people floating the idea of chris christie being the new rnc chairman, we have five works for you. >> sit down and shut up. ♪ john: on the show tonight, trump's transition team, and one lean, mean howard dean. but first, it's been 23 days since donald trump became the first -- making the president-elect -- became the president-elect of the united states area and we have not seen him much until today, when he held his first public event. trump is kicking off his victory lap thank you tour this week, but the first event took place this afternoon and indianapolis, where he basked in the glow of the deal with the carrier air-conditioning company to keep a thousand jobs for moving to mexico next year. in the speech, there was no shortage of self-aggrandizement, but is demeanor was calm, measured, and is tone was optimistic. -- he's tone was often -- his tone was optimistic. mr. trump: i want to let the companies know that we are going to do great things fo

today, you, mark, are my winter. mark: i will protect you.hat be to the person is, i will be your browser. bloomberg america's continues. ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call rfree information kityour with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home... and here's the best part... you still own yohome. call now! take control of your retirement today! vonnie: it is new and in -- noon a new york. david: welcome to "bloomberg markets." from bloomberg world headquarters in new york, we are covering stories. here is what we a

mark is challenging the prewar image of jesus as an apocalyptic figure. >> mark, coming out of the experience the first great war with rome, after the destruction of the temple, mark sees jesus, like many of the christians that mark knew all about in his own community, as god's persecuted one-- dying, almost feeling abandoned. it's a very unromantic jesus. it's a terrifying image, because that's what their experience was. >> ( dramatized ): when it was noon, darkness came over the whole land until 3:00 in the afternoon. at 3:00, jesus cried out with a loud voice, "my god, my god, why hast thou forsaken me?" >> mark tells us that jesus died being mocked and in agony. and i think mark is writing for the experience of people in the '70s who are dying like that, and who need the consolation that jesus had died that way before-- feeling abandoned by god. >> narrator: in mark's original gospel, jesus dies and his body is placed in a tomb. when the tomb is discovered, jesus is gone. >> mark ends with an empty tomb and a waiting for the return of jesus. he ends, almost, with an absent jesus, because

mark: i am mark barton. this is your global business report.ne lagarde fights her conviction in paris court. uber: a tough year for .they lost $2 billion in nine months . venezuela, the oil dependent country, facing tough times. many are asking if it is time for the leader to go. julie: the international monetary fund executive board confirming backing christine lagarde despite her negligence conviction in paris court. speaking in washington, she thanked the board and is happy to not appeal the decision. >> i am not satisfied with it, but there is a point in time when one just has to stop, turn the page, and move on. to continue to work with those that have put their trust in me. was convicted for failing to overturn a 290 $6 million payout to a businessman in an arbitration case. a decade ago. she will not face a prison term or fine. mark: a great to buy the bank of mba credit card business in britain. the all-cash deal comes as the british lender looks to expand and consumer finance. add 805ncial and will million dollars in revenue, a equival

mark: yes.e interested in what happened economically in 2001 to cause the recession, this is not your book. if you want to hear about the people impacted by the 2001 recession, who had their children baptized outdoors, this is the book for you, because that tells a different story. charlie: are you a different catholic now? mark:, a different catholic? charlie: in other words -- mark: i think he has made me more sensitive. i think about that homeless guy, and that makes me more aware of the guy who cleans out the garbage at the end of the day in the office. i talk to them. it helps me. it helps them. and it makes these ripples of hope that bobby kennedy used to talk about, but those little interactions, he goes home and maybe he treats his wife differently and kids differently because you were kind to him, and that is a little ripple, and then his kids have an impact. humility is not practiced a lot in this country. mercy is not practiced from our political leaders or religious leaders. that is

mark: thanks. the u.k. minister theresa may told lawmakers a deal with the eu could be reached in 18 months. i noted when i've been talking to individual leaders, the willingness from everybody to ensure that we undertake this as smoothly and orderly as possible. we do want to make this arrangement, get this arrangement in place so people can move on to the relationship they will have with the united kingdom. a willingnessis there to undertake this on that asus. said scotland's minister her brings it redline for the power to review. the londoned by bureau chief. let's start with you. are we any the wiser from the brexit plans? : the timing is aggressive when you think about the skepticism we've heard from trade experts. given the complexity. that sounds pretty aggressive. the other is highlighting when she mentioned transitional arrangements. businesses have time to adapt to the new arrangements post brexit . mark: is that the closest we got to her embracing or revealing the fact that she is open to the pro

mark: my pleasure. it's good to be here. ♪ [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2016] >> if you enjoyed this week's q&a, here are some others you might like, retired general daniel bolger talks about his book "why we lost" a general's inside account of iraq and afghanistan wars. "new york times" london bureau chief john burns talks about covering military efforts in iraq and afghanistan. and former defense secretary donald rumsfeld on his book "known and unknown" about his life in public service. you can watch these any time online and search our entire video library at c-span.org. >> "washington jump" is next. on today's program, dan lamon the, national security writer for "the washington post" looks at defense issues facing the trump administration. nd joe plenzeler, worked extensively with general james mattis, donald trump's nominee to head the defense department. host: good morning this is december 26. today we begin a weeklong l

mark: u.s.ct on a term promise to dismantle the .odd-frank law in an exclusive bank of america chief executive brian moynihan said we should not get rid of it but amended. a reali think it is question of our week over engineering a solution to a simple question, which is we should not have a lot of capital invested in kitzbuhel investment in turning risk over to facilitate markets and issuers, but that is how we will run the business. mark: the new exclusive talk ath johnson & johnson about possible takeover. lastly, johnson & johnson said ended negotiations with the swiss drugmaker and the latest is with french drug [indiscernible] they said it was an advanced takeover talks for actelion. the iphone maker -- nokia saying the iphone maker infringed patents. there have been complaints and three german regional courts and one in texas, but apple says nokia is refusing to license its patents on a fair basis and is now "using the tactics of a patent troll to attempt to extort money from apple." juli

mark: live from london, i am mark barton.nting you down to the european close, six minutes away. julie: i am julie hyman. templeton emerging markets -- emerging markets group says the currency has surged to the highest in more than a decade. asked what a donald trump presidency would mean for the currency? >> i think in the short-term the dollar isn't getting stronger but in the longer term, i think the heavy spending that he is going to bark on, not only in infrastructure but defense, will result in people starting to think that maybe this dollar shouldn't be as strong as it is now. we are probably going to see a weaker dollar. julie: in the wake of the brexit vote, mobius says politicians and central banks need to wake up to political risks around the world. >> i think they are beginning to realize that their policies are not working. they have been pushing on the strings, so to speak. be evening systems have to given up. they cannot continue them. europe see japan and moving in the direction that the u.s. is moving. julie:

mark? mark: oil prices surging, pushing up the outlook for global information -- inflation. 2.5% for the first time since october 2014, just two days before the fed widely expected to announce a rate hike. joining us now, market, global strategist at j.p. morgan, a 100% probability there of a fed rate hike. if the fed is to surprise us, if their chair, janet yellen, is to surprise us, where might the surprise lie on wednesday? >> we are not expecting any moves. if you go back the last two or three years, the markets have been consistently priced below and now they are dead on where the dots are. we think there is a two-way risk pricing around is not -- those dots. the market is clearly moving into an inflationary bias and we think the fed will be more reserved, using language like what the new administration's actual plans are. to would remain for the next year. we had a guest on earlier, mark, who said his own forecast was one next year. he thinks that the economy will pick up speed in 201

mark: this is mark halperin. john: i'm john heilemann. >> with all respect do. mark: "with all due respect" to chipotle -- to lisa kudrow john: to kanye west. mark: chris christie. john: yes! with all due respect to hillary clinton. mark: hillary clinton. john: hillary clinton. john: trump. mark: trump. john: trump. ♪ john: thanks, guys. we'll take it from here. ♪ >> these are their stories. >> am i supposed to stay something? mark: will take it from here. equal parts sappy and semi-sober. most things, even the good ones, are ephemeral. we conclude what has been a very memorable, very sleep-deprived, roughly two years of this program, "with all due respect." we have a special show planned with special guests. in the words of taylor swift, i am dying to see how this one ends. let's start with news in our final check-in on donald trump's admin building efforts. last night in cincinnati, the president-elect let slip retired general james mattis as attorney general. he announced a february forum at -- as his defense secretary. the white house will include titans of

mark: exelon.hief christine lagarde has been convicted of negligence over her handling of a multimillion euro dispute as france's finance minister. caroline, why was she convicted of negligence? caroline: initially she was charged with two counts of ordering the arbitration and failing to overturn it. on the first count she wasn't found negligent on ordering the initial arbitration but she was found negligent of failing to overturn it in 2008 a year later when she had the ability to do so. the president of the court said that given the christine lagarde was a lawyer for 20 years she should've known better and received many memos from investment agencies warning her that there was a possibility to appeal. she said that at the time she thought the chances of success were very little. specifically, i want to mention that the president of the court was officially concerned about the fact that christine lagarde should have showed proper selection on 45 million euros of this payout related to the thele p

mark: thanks. let's get to our team coverage of europe's troubled banks. shares of spanish banks tumbling today after the eu court ruled that lenders may have to get back billions of euros to mortgage customers. struggles continued in the italian banking sector. let's begin in spain, charles. what exactly did the court decide today? charles: the court decided that spanish bank have been charging spanish mortgage holders too much money for too long. that, in a nutshell, is it. it struck down the spanish argument that claims could only go back to 2013 and said they could be fully retroactive. mark: how well prepared, charles, is the spanish banking ?ector for this a number have taken provisions. not every bank is affected by this ruling. charles: spanish banks have made some preparation for this. but it is another blow. it is another bill that the banks will kind of have to pay. they are already dealing with ultralow interest rates, we command for credit. it is another piece of bad news for these ban

>>mark: thank you for joining us hope.he shoreline in oakland 64 fare still will looking at, conditions and san jose but it is very cold look all of these temperatures 30 degrees and santa rosa will looking of 45 for san francisco 41 degrees if you're in the concord area. >>rebecca: is one to mr. a slot the san mateo bridge and still moving well. >>rebecca: the richmond san rafael bridge of you're traveling westbound on 580 look at how live coming out of the north of if you're traveling on to the golden gate bridge. >>darya >>mark: the crash is being investigated as a possible driving under the influence. >>will tran: the 14 your boy was riding in the back seat with his mother heading eastbound on west capitol expressway. >>will tran: this is where the collision took place at 12:30 pm it was 30 minutes into christmas one according to the san jose police department she was on the other side of the roadway in her malibu basis that her driving under the influence sulphurous said that the 14 your boy was taken to hospital even

>>mark: we will be right back.al along with doing the for cassie walk away with pictures and gas. >>mark: we're following a fire there broke out and aulo also more revenues for overnight the shooting near the bay area high school room where watching the holiday weather forecast. this is the bay areas news station kron 4 news at seven starts now. good morning and thank you for joining us on this friday morning. >> j it's friday. >> if you are home this morning i am jealous. if you have to work robin winston has you showing you the roads. >> we are hotspot free. >> it is a holiday friday -- light and friday light. we will see colder air come in by tomorrow. if you like the milder weather enjoy today. did you know that carmel valley got up to 74 degrees santa cruz got into the low 70s. it has been very warm for some locations. i was out there playing tennis and it felt nice. looking at the bay bridge and we have a nice start to your friday temperatures are still tracking cold. 30 in santa rosa. 32 in napa so bundle up

mark? mark: let's take a look at what is moving the markets. stocks are moving in europe for a third day after rising to a 2016 high on tuesday. the stoxx 600. the euro is gaining against the dollar. after falling to a january 2003 low on tuesday. the u.k. 10 jori unchanged. data today included consumer confidence. little change for the month. the measure of the outlook for the economy is slipping to minus 23 from minus 22 excluding that sharp drop in july post bricts referendum. the lowest reading in million four years. crude is rising today. yesterday's stockpile data showed an expansion. worsened the inventory over hang, crude falling. will probably fail too raise the 5 billion euros needed by the end of the year. that means a state rescue is now more likely. is it just a matter of hours before the state rescue is on the cards? >> this is already a long drawn-out saga over a number of years now. who knows what could happen at the last moment? it seems that we're moving toward a state bla

mark: live from london, i am mark barton.urdoch mayrupert finally get when he is wanted for years, complete control of sky. 21st century fox agreed to take over the european board for billions of dollars. james murdoch spoke earlier about the deal. >> combining our fast-growing consumer platforms, including our streaming apps like ethics popstar, our interest in hulu and sky come with your bleeding over the top service and digital video experience in sky q, creates a consumer powerhouse reaching 100 million consumer households directly on the spot arms. is bloomberg'ss executive editor for global deals. jeff, no premium to the preliminary offer. what is going on? jeff: i don't think anyone expected they would bump at this time. i think fox would need to get 75 percent of the shareholders, the rest of the shareholders, to approve the deal. we reported a couple days ago that they are open to bumping if they have to. i'm sure box of preferred to get the deal done at the 10.75 pounds. they are open to bumping and they might need

>>mark: we wish you a ditto christmas.orth by the winds are picking up the storm is now sliding south of the worst is yet to come. >>james: pretty much all washout nor to the getting some light rain released at the moment not moderate bring tears to get to the east of a valley it is hit or miss showers on mount diablo is going to be under the light rain the heaviest now pushing off towards you conceive the diablo range will see that at the moment it is more on the way. >>james: here is the live look of sfo where we've been following this all morning long. >>rebecca: the heavy winds especially along the coast and the peninsula 40 mi. an hour winds for novato along the east with shoreline 22 for oakland san jose come down weather gets 30 mi. an hour in fairfield looking at 20. >>robin winston: 80 ease before highway for we have a major accident it was a big mess we had a big risk involved a number of vehicles to conceal the right-hand shoulder this was blocking all lanes the big rig lost the car. >>will tran: it is picked up

>>mark: despite a year of candles.are down the decline in crime is due to several factors greater analysis of where and how it is happening finally a better working relationship with the public she is pleased that they are moving in the right direction but she says and still has a long way to go in she is committed to reducing crime even more. >>darya: a new twist in homicide investigation investigators are calling in a murder for hire and to more people have been arrested he was shot and killed his car in july to people are arrested for the shooting both were for tennessee investigators said they traveled with the sole mission of killing him and now to more arrests have been made detective say they hired them from tennessee to commit the murder the have not released the most. >>mark: the police released detailed description of the to shoulders murderers and the recall are the termless take you to the surveillance video. >>darya: the burglar tried to go through a window and the person at the motel heard the commotion a

mark: i'm mark barton.al future is uncertain as voters reject a constitutional referendum. -- pierreinci ways in ghs in.ci ways in -- -- 12 years after life in south africa. julie: italy has fallen into political limbo. the prime minister is resigning rejected as constitutional reform referendum he supported. italiana referendum on politics, the italian constitution. enzi was a strong prime minister who led stroh economic -- strong economic reforms. donald trump has a warning for u.s. companies moving jobs to other countries would be a very expensive mistake. companies that move manufacturing out of the u.s. would face a 35% tariff when they bring products back into the country. to reduceid he plans taxes and regulations on business. volkswagen will take on uber as it tries to bounce back from the emissions scandal. will initially focus on ride hailing and car sharing. it will roll out in two european cities next year. testing out self driving cars in japan. the automaker hopes to use the technology by 2019

>>mark: we have details. nations he said the united nations have such great potential but it is a club for you to get together talk to have a good time rotted and that's the criticism it continues to come under harsh criticism a spokesman singling of the warehouse the president obama administration previously rejected similar accusations. >>: i am confident if i had run again i could immobilize the majority of the american people i know that in conversations with people round the country even some people disagree with me and they would say the division of the direction you point toward is the right one they commented on hillary clinton campaign contended to a sporting event when you think your head is easy to play it safe and donald trump said in part no way it is but a tough year for celebrities passing away. >>darya: what there was some social media rounds we will see how britain the spier's fans went into a panic. >>robin winston: we're tracking and the ride to the richmond san rafael bridge. >>darya: been

off for get >>mark:.e speaker called survivor. çáááaveriáááÑ woman burned and murdered.latest in a live report. çáááwilláááÑ the city of oakland approves a plan to build a new stadium for the raiders. i will have more on what this means moving forward. >>> there is still hope that the oakland raiders will stay in town after city council voted on ronnie's proposal. >>> a major storm headed to the bay area, when storm tracker 4 will be all lit up. çáááliveáááÑ breaking news

this is bloomberg. ♪ mark: live from london and new york, i am mark barton.ulie: i am julie hyman. this is "bloomberg markets." ceo of coca-cola announcing plans to step down. >> we have shares soaring on this news. they're up 2% on the news that james quincey will be replacing muhtar kent as the ceo. we did reach out to a bloomberg intelligence analysts, who says that this is a natural progression. james quincey has been groomed for this position. 65%,s of coca-cola are up and on the year it is a different story. decline.bit of the it is modest on the year. can shea told us there are a couple of different reasons for this, one is right here. revenues declining over the last couple years. it appears investors are not going to tolerate this as much. coca-cola derives 75% of its business from out of the u.s., and it is getting clobbered by a rising dollar. declining as sales consumers are less interested in sugary drinks. it will be interested to -- interesting to see what the company does in 2017 and 2018 to turn those sales around. mark: thank you. it has bee

mark: it comes to a head.t is so easy to say that we should repeal the affordable care act and try to figure out what to replace it with. you have to deal with medicare and medicaid. and i think republicans in congress would be reluctant to say that we are going to pass this major piece of the legislation to get rid of the affordable care act without dealing with them both. it has gone pretty smoothly so far. john: coming up, nancy pelosi holds onto her leadership post. what that means for the democratic party. and your weekend weather, when we come back. ♪ ♪ john: nancy pelosi was reelected today as the head of house democrats. and there have been calls for new leadership in congress. joining us now from the home of congress to talk about the vote and its implications is the great and fantastic kacee. nancy pelosi wins. she wins easily, yet a third of the caucus voted against her. we're going to have a friend on in a moment who is a supporter. is there doubt at all about the fact that a third of the congress

mark? mark: vladimir putin held his annual televised is conference today. russia's economy is returning to growth as the country emerges from its longest recession. he commented on the u.s. presidential election. >> any attempts of the at ministation to blame their , isure on external factors that my fault as well? did we destroy the chapel as well? this is all rubbish. mark: joining us now from moscow with more on his address is tony. these news conferences are typically a marathon. was this year different? tony: no. he went on for longer than the last couple of years. hours fieldingr questions for 1400 journalists from all of the russia. it was a very businesslike vladimir putin on show. very little human. -- humor. he is trying to convince russians that the worst is over. mark: little humor in that soundbite over russia's alleged meddling in the u.s. election. what else did he have to say about the president-elect? he basically accused democrats and hillary clinton of being sore losers. he got around of applause from the assembled journalists when he sai

mark: i have done all mine. we are five minutes away from the end of the thursday session. stocks are lower. it is quieting down ahead of the holiday period. volume 30% below average. sterling below 1.23. the first time since early november. euro up against the pound. let's finish was bonds. stocks are falling. what are bonds doing? germany, spain, italy. the close is four minutes away. this is bloomberg. ♪ ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. ♪ live from london and new york, this is the european close. stocks finishing lower for the third day in four volumes, about 30% below the 100 average. ,ravel and leisure lower today but still down for the year. n

mark: all three u.s. averages hit all-time highs. the 20,000 point mark. will the gains continue into next year? then, whoestion with has one of the lowest s&p targets on the street. the fomc begins its final policy meeting of the year. will janet yellen say anything about president-elect donald trump? about 30 minutes into the trading day. >> welcome back. a lot of record highs to greet you. the dow s&p 500 and nasdaq are all trading at record highs. the dow is creeping closer to 20,000. we have the dow about 100 points, little more than 100 points away from the marker. on paper, the seventh record close in a row. some real strength for the dow. the dow can gain to 20,000 today, it will be the fastest 1000 point gain ever. we take a look at thousand point gains here. to 11,000 ined just 35, the longest streak here back in 2007 to 12,000. today, it will be a 21 day 1000 point climb. stocks.momentum for a big topic to certainly keep an eye on. as for the bonds, interestingly as we have stocks rallying, bonds are rallying a little bit as well. we see this wi

his brother, mark, shares the same dna. like scott, mark too was an astronaut. having flown in space four times. nasa could study one twin in space while the other was back on earth. i sat down with the kelly brothers in san diego this summer for their first television interview since scott's return. >> reporter: mark, what was it, do you think, that attracted you to this sort of work? was it the adventure, the science? what was it initially do you think? >> certainly, the excitement. also, being able to serve my country in a different way than i had before. i was in the navy about ten years before. both of us applied to be astronauts. i think i've always -- our parents were police officers, public service was kind of in our family. >> reporter: scott and mark grew up in new jersey. as kids, they were always active and in their father's word, a bit ram buncious. >> we had a chance to talk to your father. he said if you went to play, he was unlikely to find you. you would have to look somewhere specific. >> like on the roof of the building? >> that's true. >> you

mark: can't wait.hares of lockheed martin are falling after donald trump tweeted that the cost for the f-35's are out of control. we will take stock of the weapon system next. this is bloomberg. ♪ julie: lockheed martin shares are falling today after donald trump tweeted that the f-35 program is out of control. onalso mentioned the program fox news sunday. >> i don't need a $4.2 billion airplane to fly around. especially when it is totally out of control because they have lost control of it. things -- if you look at the f-35 program, with the money and the hundreds of billions of dollars, it is out of control. julie: for more, we are joined by rob levinsohn. first of all, give us some background. what does the f-35 do? what role does it play in the military and is it as out of control cost wise? rob: it is mainly designed as a fighter aircraft and it will replace the marine corps carriers and their some talks of it replacing the a 10 as well. it was originally estimated to cost the entire by for the ma

>>mark: u.s.el 35 u.s. diplomats from their country that follows a similar expulsion. >>reporter: by house online security adviser speaking thursday after the white house announced measures against russia forced last election there and the president to campaign the of ministries and sanctioning individuals and five russian entities also shutting down to compounds and ordering 35 russian diplomats. >>reporter: they reacted swiftly and angling in the embassy in the u.k. slamming president obama on twitter and calling the cold war days of gloom donald trump was brush off intelligence given to a broadly worded statement saying " it's time for our country to move on to bigger and better things many republicans including congressman supporter retaliation over russia's acting. >>mark: he says he will not expel american diplomats. >>reporter: make president obama and his the ministration appear vindictive and words of the foreign ministry and imaginatively comes to foreign policy vladimir needs donald tru

♪ mark: welcome back. i am mark barton and loaded.t a market check. >> european equities, yesterday the stoxx 600 hit its highest level of the year, the dow hit a fresh record but a little bit of caution into the markets to date with the stoxx 600 up by 110 -- all by what the other percent. 1%.ll by 1/10 of you have utilities and financials leading the losses, spanish banks some of the worst performers after they may have to give back billions of euros to mortgage customers after a ruling by the eu's top court. gmm shows cross asset, the eye that down seven cents of 1%. 7/10 of 1%. i want totility -- talk about volatility, i have a great chart, equity markets, especially in the u.s., the bull rally seems to be wiping out the fear and the vix has dropped the tortoise lowest level since 2014 where global fx and treasury volatility have an increase. you see the divergence at the end. a great chart, check it out on the bloomberg. keeping a watch on the dollar, a little bit of a pullback, the dollar index causing after two days of gains wh

>>mark: it will focus on 13 other women that will decide whether to allow the women's testimony. >>darya: they beat them twice this year that will try makes his pick for secretary of state hear how the transition team is defending his choice how the man's son is responding. and here's a live look outside... bay bridge. kisses deluxe chocolates. with a whole roasted hazelnut, delicate crisps and layers of rich, creamy chocolate, they're twice the size of the kisses chocolates you love. say more with kisses deluxe. welcome back... before you head out the door this >>darya: police shot and killed a 73 year-old man he had the mention of the shooting happened yesterday morning in bakersfield. >>mark: they're close to an outside of a home does on police said their forces opened fire high school students called sharing and nude pictures of classmates will parents have to say about an was freezing cold temperatures and winter weather. in store the rest of the week. james weather tease. >>darya: the tech look at weather and traffic to get you going this tuesday morning. >>james: today the

>>mark: investigators will lead to vallejo of their rest of the 26 year-old san francisco resident heas been booked for murder he is due in court later today >>james: and safi cab driving despite repeated pleas and to stop about a mile away the victim was able to jump out of the vehicle what he was slowing down to matt and turn she had only minor injuries the victim they're still looking for the driver he played for the new york jets in the campus city chiefs the temple on the east to bay burglarized three times all of the burglaries recall on camera ,$8drw >>mark: sustained winds of 25 mi. per hour the hired gun showing up strong plans 16 and half moon bay it fair filled with strong wind gusts we will be watching the wind the we have some really cold air will be dropping down into the bay area >>james: he snapped when the baby would not stop crying and he punched him in the stomach is your friend got a restraining order against the mother said she was unaware of there's they said they needed for the examination by the coroner's office internal trauma to the bid but doctors did not se

on the one hand, it kept mark's business afloat when others have gone bust. on the other hand, bill worries it may be preventing mark to take the steps others take to prepare for the future. >> others say they want to build something they can retire from. that means it has to be big enough that you can sell it to an investor who can hire professional management. >> to mark, however, the big picture looks different. >> if i can get every customer within ten miles to buy their camera here, have their pictures printed here, take a photo class with us, that's enough for me. i'm not greedy. a small town guy in a small town and i like what i do and i like knowing my customers. >>> each january, people flock to las vegas to see the coolest and newest technology unveiled at the consumer electronics show. we bring you the top picks from ces this year that can help your small business from entrepreneur.com. one, robin by nextbit is an android phone that takes your lesser used apps and content and moves them to the cloud when the internal storage reaches capacity. two,

mark: live from london, i am mark barton. be swift, usb, berkeley, bank of america along the banks allegedly involved in making the silver market, according to a new document that deutsche bank surrendered when it settled a lawsuit that the minute related the markets it months ago. joining us, michael moore. what is deutsche bank alleged to have done here? michael: according to the documents, the plaintiffs say in their filings there were some competitive behaviors colluding with each other, so what the --intiffs one is to be able one is to be able to refile the case against the broader group of banks, not just the four they originally sued but the broader group based on the document. mark: there is a lot of news on deutsche bank today. and the passkey deal, in other news. what are these indices? these private indices that are being mentioned in this? banks use whatof they call proprietary indices, , tracking a created specific thing, and some of them are used in structured products or in specific arrangements. they were used

mark: i am mark barton.ounting down to the european close, 13 minutes away from the wednesday equity session. let's get back to the markets. european stocks in the red today, they reach their highest levels of 2016 yesterday. let's head over to the head of global asset allocation. he joins us from paris. thank you for joining us today. trumpfh further has this lation trade got to go? i would say at least until january 20. the end of the year is the moment am playing, all the ones just a few in -- days of by year end. i would expect some kind of pause on the equities and the yield going up on bonds. mark: do you think it has overextended this rally in equities? have the economic policy which would confirm to exit some measures, which would lose the economic activity in real terms, but also in nominal erms. that means nominal gdp growth might have to go faster than expected. you the correspondents, if you catch the corporate tax rate from 25% to 30%, this would boost corporate earnings by 8%. 15%,u see it from

am mark barton.am julie hyman. this is the european close. president-elect donald trump says the newest air force one order should be canceled. he spoke this morning at trump tower in new york. : the plan is completely out of control. it is going to be over $4 billion and i think it is ridiculous. i think boeing is doing a little bit of a number. we want them to make a lot of money but not that much. julie: boeing has responded saying, we look forward to working with the u.s. air force on subsequent phases of the program, allowing us to deliver the best plane to the president for the best value to the american taxpayer. rick plus who covers boeing is with us. give us a little bit of the background. there obviously is an air force one in existence, and what is the status of the order for the next one? rick: the existing air force one planes are nearing the end of their 30 year life span so it is time to get a couple of new ones. boeing has already signed a deal to bid the new -- build the new ones. th

>>mark: still not allowed on the carry-on. áááábreakáááá çááámarkáááÑ[take: live] >>mark: back to tradingecause temperatures and the low '30's getting into the upper 20s is one to be mostly clear beholden breezing tomorrow be another cold morning is going to be sunny a little bit warmer to mar during the day tomorrow. >>robin winston: it only reached if you have to get to work this morning less than 15 minutes from the bottom of the maze of to fremont street police in san francisco are looking for gunman opened fire it happened early on christmas eve morning near oak and got st. the driver is from sacramento and he did not want to be identified. >>darya: before ronald to the car pointing a gun him an opening fire the bullet did not hit the driver the police say they're shocked spotter did detect that shooting in the report was filed by the driver but the do not have any leads. >>haaziq madyun: he describes what happened when the packages was stolen back on december 22nd hearing is back on october 11th note packages taken he tells of this is very unsettling for his family because their hom