mark: yes.rian: where was she on the day that hue became a battle? mark: she was living in hue because the river squad, which was the group of girls that had been recruited to spy had been placed with families in the city. she was living there. she had spent that day spying, doing things that she ordinarily did. because there was supposedly a truce for the tet holiday, which hanoi violated when they took over the city. because of it, there was a party atmosphere. it was also the eve of the holiday. she got dressed up and went out to a movie with friends. on her way back she was told, you need to get back to your village pronto and lead hundreds and hundreds of north vietnamese soldiers moving into southern hue. they were from the north, they did not know their way around the city. she had become a guide for the forces who were infiltrating the city. brian: what would you have seen in january 1968 on the day the north vietnamese and vietcong came in? mark: it was in the nighttime. you would've be

mark: and i am mark barton live from london. this is bloomberg markets.audi make it jake it -- saudi arabia's market regulator announced -- joining us now explicitly over the phone from -- is it excellently, that is his excellency, mohammed el-kuwaiz, capital market authority chairman. flows from abroad are you expecting from the tweaking of these rules today? thank you very much. the regime we have -- that were released today are the third version and the most significant change in the licensing regime for foreign investors. our hope is that this new release makes the process of investing in saudi for foreign investors easier than it has ever been over the previous two versions by making the qualification more and more an embedded part of the account opening process, rather than a separate process that was previously long and may have been document heavy. mark: do you have a target for how many investors, how much in inflows is expected? mohammed: the new qfii regulations that have been issued today are going to be enforced two weeks from now. we have al

this is bloomberg. ♪ ♪ mark: live from london, i'm mark barton. a bank win. -- vonnie quinn. joining us from the j.p. morgan conference is bloomberg's erik schatzker with a special guest. k: i am here with hans bishop, the ceo of juno therapeutics. in the drugdeal world this morning and it is not you arecompany that juno. and not juvenilnot the idea behind it was to work with the leading hematology leader. we are good at the science of figuring out manufacturing technologies and have scaled them and we have global reach. together, we think we are synergistic. erik: have you had a conversation about juno. hans: yes we have. erik: what should we look forward to in the future? product is in a to get trial we expect approval for patients battling lymphoma. if it goes to trial it could be approved by the end of the year. we are also taking that drug and ofting it into earlier lines them foam and other areas. we are going to go into trial with patients with multiple myeloma. we will also be reporting our first data from trials. erik: all of the focus is

mark: thank you.st week there has been a shakeup in the local bond market -- the global bond market. it is left most investors being nonbelievers in a bear market. >> this will be a jacket. period. >> it is not much about china selling treasuries, much more about inflation in the u.s. the risk that keeps most participants awake at night. >> for the treasury market, it is more important, what the actions are coming out of europe and japan. >> you have the fed unwinding the balance sheet, the ecb slowing purchases. the boj this week, making changes, if we extrapolate, slower purchases. up theed to take a thumb scale and it is poised to stop manipulating the most important price in the world, the ten-year treasury. that is a meaningful change. >> $14 trillion worth of bonds bought by central banks in the past five years. that appears to be close to an end. >> the bond market is not dead, it is dealing in a bearish trend that a lot of people have not seen before. they have to learn how to do it. >> we hav

mark: i am mark barton in london. this is "bloomberg markets."get "first word" news with taylor riggs. taylor: gdp rose at an annual rate of 2.6%. trade and inventory depletion were drags on the economy. that offset the best growth rate of consumer spending in more than a year. meanwhile, business equipment investment grew at the fastest rate in the years. there is evidence that the u.s. industrial sector is humming. orders for durable goods rose in december by the most in six months. for the year, durable-goods orders were up almost 6%, the most in six years. trump toldresident the world economic forum that america is open for business. he says he has taken aim at the bureaucrats and regulation. u.s., likerump: the many other countries, unelected bureaucrats -- believe me, we have them all over the place -- they have a most crushing and antibusiness and relations on a citizens with no vote, no legislative debate, and no real accountability. in america, those days are over. taylor: the president also said he is in favor of free trade, but it has

this is bloomberg. ♪ mark: live from london, i mark barton.in new york, i'm vonnie quinn. of theime for our stock hour. it shares of seagate technology rising as much as 16% after reports the company may own more than 4% of ripple, the company behind the third most valuable crypto currency. joining us with more is taylor riggs. why is seagate interested in ripple? taylor: seagate has not responded to requests for comment so this is a report and perhaps rumors but nonetheless, markets are moving on it. ripple market is moving. what was interesting is i think we have an intraday chart that shows the percent change as of friday. we are ignoring saturday and sunday trading volume. you see a decline in the currency and they have recovered a bit of their losses. volatile. been what's interesting is analysts at susquehanna were saying this will not materially affect seagate's upside and you could sell on any of the strength. that was interesting. another thing you mentioned was it is the third biggest cripple currency right now. ripple and a theory h

this is bloomberg. ♪ ♪ mark: from london, i am mark barton.nie: from new york, i am vonnie quinn. this is bloomberg markets. mark: next week, all eyes will ecb's policy decision at 2018. no actions are expected on thursday. they believe the central bank will announce the definite end date perhaps that purchases by june, 38% held that view in the previous survey last month. joining us from frankfurt, coverage of the ecb den area economy. thank you for joining us. it seems as it, economists are becoming more hawkish of assessments of the ecb. >> exactly, precisely what is happening. surveysentioned, early showed there are a growing number of economists that expect the ecb will set a definite end date further ask purchase program in june. previously, expectations were for june, july. the reason for that is there is , at leasthawkishness what we have heard since the start of the year. there is a constant drumbeat of comments from the hawkish side of the governing council calling for moving forward for setting an end date and adjusting the language

mark: live from london, i'm mark barton. this is "bloomberg markets." check on the first word news. ofa: the strongest sign defense in iran in years. a rally with the country's leaders. iranian tb says another nine people were killed overnight. protests that the president defended the rights -- hundreds of protesters have been detained. president trump will continue to withhold $255 million in military aid to pakistan. the white house will review pakistan's level of cooperation in fighting terrorism. the u.s. has given pakistan more than $33 billion in aid and has gotten "lies and deceit in return." the terrorist group is still a has lost islamic state 98% of the land at once controlled in syria and iraq. the group could still continue as a shadow terror outfit without a base. in australia, and investigators are trying to figure out what --sed the crash of a plane the compass group chief and four members of his family died near sydney. he's that down from compass in april after 11 years in charge -- he stepped down from compass in april after 11 years i

from london, i am mark barton.m vonnie quinn in new york and this is the european close on bloomberg markets. ♪ mark: here are the top stories we are covering. the first day of trading under the new mifid ii regulations slow becausevolume of that or the holiday season? u.k. trade secretary in china trying to -- as brexit negotiations are in a critical phase. trumpolitics, president set to harden his stance on immigration as he gears up with the latest round of government shutdown negotiations. will it increase the chance of an impasse? equitieropean

are there question marks' about bitcoin futures -- question marks about bitcoin's future?are certainly questions about its future today. even if you the most bullish bitcoin investors, you can't look at the events of this week and not feel a chill about what's happening. storyok at the blockchain and how you continue to see a lot of adoption and research and development into the underlying database technology and the fact that bitcoin is still up 11 times from where it was a year ago today and it has a history of volatility like this -- true, the stakes are higher right now, but there has to be a lot of fear out there but also a lot of --p vonnie: is now the time to buy? ed: i'm sure there are some brave souls out there who are indeed thinking this is the time to buy. it's the regulatory angle that has everybody kind of unsettled right now. that didn't exist in the prior shakeouts we've seen. the regulatory was nonexistent -- story was nonexistent. now, you see south korea starting to make serious moves, that is a new variable in the equation. vonnie: the senate banking co

mark: thank you.oming up, we hear from the chief executive of jpmorgan asset management who talks about the outlook for fixed income in 2018. that is next. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton with the european close roughly 10 minutes away. vonnie: in new york, i am vonnie quinn. let's get back to davos. erik schatzker sat down with mary erdoes. year foras a good margaret and almost forever -- markets. you will get this connection in stocks versus ball mark it's. -- markets -- versus bond markets. people want to put money with people who know how to get it to work. we have to be a net recipient of that. that is a great honor that clients give us those assets. i just think where you do it and how you do it, you have to be more particular. perhaps there was more luck and momentum last year in about everywhere you put the assets. erik: here is maybe where you are getting at, treasury yields are rising and more talk of inflation, our clients pulling back in six income? -- in fi

mark?ark: let's take a look at the markets and have a look at what is happening to equities in the united states. stocks are rising after the two-day drop, the biggest two-day drop in the last two days since september 2016. quite a significant pullback. up again in the u.s. and on the global benchmarks. this is bloomberg. ♪ mark: live from london, i am mark barton. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." the selloff showing signs of easing today. the all country world index saw the biggest two-day decline since december 2016. all sectors took a beating, but energy, health care, and tech got hit the hardest. joining us is bloomberg's equity strategist. are we over the hump and can we get back to rallying? >> maybe. it seems hard for investors to side against the earnings trend, that is what is giving stocks of foot. earnings estimates revision in the u.s. has been 4.5% higher over the last month. that is nine times the average case of the last live years. we hav

mark: i'm mark crumpton.rump will release a abuses in surveillance in people surrounding the president. he has as many as five days to review the document for national security concerns. vladimir putin says the treasury from the u.s. move with ties to him harm's relations between the two countries. speaking at a campaign event in moscow, the russian president declined to escalate the situation saying the whole world will breathe a sigh of relief if they see the two largest nuclear states are building their relations in a modern way with respect to each other. the european union's top environment official is warning several companies that they face legal action if they continue to ignore the air quality standards . speaking in brussels today, the commissioner said some countries have still not met deadlines that were set for 2005 and 2010. >> it has consequ

this is bloomberg. ♪ mark: live from london, i mark barton. from new york, i am vonnie quinn. this is "bloomberg markets." it is time for our stock of the hour. soaring today is shares of dr pepper snapple. this as the beverage company entered into an agreement with keurig green mountain. abigail doolittle has been looking into the details. abigail: this deal is all about distribution. labeledcompany will be keurig dr pepper. this goes beyond warehouses. if you think about many markets across the united states or offices, you're going to have greenmount coffee anywhere. it's a nice cross-selling opportunity. has a licensing agreement with amazon and other companies so that is also great. in the press release, the couple says this gives them "unrivaled distribution capability to reach every point-of-sale in north america." i don't think that's an over exaggeration. the have about 36 warehouses. think about all the opportunities in places where green mountain or other brands are sold. it's a great cross-selling opportunity. vonnie: and not just

robert: mark, thanks a lot for being here. mark: oh, thank you. well, when we come back, part two of our memories to life presentation. and now, part two of memories to light. caam executive director stephen gong is still with us, and we are now joined by dr. dawn bohulano mabalon, an associate professor of history at san francisco state university, where she teaches us history, philippine history, race and ethnicity, and food history. she's also an author and a national board member of filipino-american national historical society. welcome to the show. dawn bohulano mabalon: thank you. thank you for having me. robert: dr. mabalon, give me an idea here in terms of why you decided to be a part of this. dawn: well, i--you know, i was so fortunate to have a grandmother who was completely organized. and when my mom and her siblings cleaned out and sold her house, we found all the old super 8s in a box and organized. and she actually did--she had actually transformed them into vhs tapes in the 80s. and those had deteriorated, so i had seen some of them

mark: i'm mark barton. this is bloomberg markets on bloomberg television.r riggs has more from new york. >> the eu has toughened its demands for concessions the u.k. must make during the brexit transition. the u.k. won't be able to apply new immigration rules to eu citizens arriving during the transition period. anyone coming before the end of 2020 could stay indefinitely. russia may go on a spending spree after years of austerity. the kremlin is considering a plan to boost spending on transport and roads by 30% over three years. on health care and education would rise about 20%. it could be the worst oil spill in decades in the east china sea. it has spread noticeably and now covers 52 square miles. the worst oil spill in decades in the east chinaa fe fallout has now dissipated. there is a report that counterintelligence officials warned president trump's son-in-law about rupert murdoch's ex-wife. said murdoch could be using her friendship with jared kushner and ivanka trump to further the interests of the chinese government. hepokesman for murdoch says ha

mark? mark: courtney, thanks a lot. we hear about the euros with a rise. quote, i am concerned about sudden movements that doesn't reflect a change in fundamentals. he is one of several officials who say a stronger you're may harm ecbf. the goal is shy of two. joining us from frankfurt. paul on the level of worry, if there was a worry about the strength of the you're in the ecb. where would we be right now? >> i think at the moment there is not concern that the you're is too strong. it could happen in the future. we carry on these paces and inflation doesn't show much sign of underlying strength. insflation down because of oil. there will be increase in oncerns on the donovanning wing unwinding potentially too fast. mark: we are just a week or two away from the next meeting, paul. some some the e.c.b. hoping there will be some sort of tweak to the language at the start of 2018. that is what they heralded. that is what they thought they end of last year. will we see a tweaking of the language soon? >> we have to take it for face value. he said the e.c.b. is

this is bloomberg. ♪ mark: live from london, i'm mark barton.onnie: in new york, i am vonnie quinn. citigroup is at its highest in nearly a decade after revealing plans to shower investors with profits. the bank is sticking to its out $60r plan to pay billion to shareholders after it has booked a larger than forecast charge of $22 million to adjust to the new u.s. tax structure. the ceo spoke earlier on conference call. >> turning to tax reform we believe it will citi greatly benefit -- greatly benefit citi shareholders. the implementation of a territorial tax system and the tax on deemed repatriation. in alisont's bring williams. to a large extent this charge was a gift to citigroup right? it allows them to bestow all sorts of things on its shareholders. with regard tog the charge and capital return is they had made clear in early december we are going to have a huge charge but it's not going to stop us from the 60 billion capital return. they did make that announcement before we got the final bill. the charge was 22 billion that included 3 bil

mark: live from london, i am mark barton.ill britain's search for trade opportunities once it leaves the you? according to liam fox, he spoke with m o'brien about the global possibilities -- m o'brien about the global possibilities. >> the successor to tpp has not been negotiated so we do not know what it will be like. for the u.k., as we leave the european union, we want to create a genuinely global britain and look to trading opportunities that exist in the parts of the global economy expanding fastest. the imf says somewhere around 90% of global growth in the next 10-15 years will be outside the european continent and we want to explore all of the opportunities. we would be foolish not to look at the potential. >> joining a deal like that would involve dismantling a lot of the tariffs you have built up as an eu member. is that something you would be ok with? >> we are not ruling anything out it is not something at the top of our agenda. i say that it would be wrong for us to rule anything out in terms of future relationshi

mark: i am mark barton in london. let's get back to davos.'s topf government ministers. >> russia has been struggling to pull itself out of its longest recessions since president putin came to power. we have debbie prime minister -- deputy prime minister arkady dvorkovich. what is the outlook for the russian economy? is 2% growth achievable this year? we came out of a recession in 2017, the lowest inflation in russia. low unemployment. we are out of recession and optimistic for the investment inflow.and flow -- >> you expect growth. >> not less than 2%. >> from this year? >> yes. >> can russia modernize its economy without a competitive political system? >> we do have a competitive political system. we had two political parties that share parliament seats. they do affect legislation and what the government does and economic policies. they present views of difference, we have economists and social democrats am a liberal democrats, a centrist party. we have strong political competition. yes, we can and we are doing it. >> this is an economy tha

this is bloomberg. ♪ mark: i'm mark crumpton with first word news.warning president front, you want a trade war, you will get one. they say any u.s. limits on imports from europe will lead to swift retaliation. over the weekend, the president said he has problems with the eu that could morph it is something big from a trade standpoint. israeli prime minister benjamin netanyahu was in russia today to discuss iran's expanding military presence in syria and in neighboring lebanon. prime minister none yahoo! infuses tehran trying to turn lebanon into a de facto missiles site for precision strikes against israel. ,ussia and iran joined forces but president putin has made efforts to maintain friendly ties with israel. fugitive's ex-president is asking the regions parliament to guarantee he won't be arrested if he attends a session this week related hopes to meat government leaders. you must be present to be chosen as the nation's chief in tomorrow's a session, but a spanish judge has ordered

mark: live from london, i'm mark barton.he holiday season didn't bring many gets for retailers here. dropping tesco and m&s after underwhelming christmas sales. andrea.us with more, was it a super thursday or is that a misnomer? most of thee updates were disappointing. mark: we were sitting here last week -- we were talking about next. you are damping the enthusiasm. maybe we were right to be enthusiastic about the grocers. earlier today, they stood out. >> tesco was expected to be the clear christmas leader. they had a disappointing christmas. we got an indication this might be the case with market share data coming out showing tesco had been outperformed -- that wasn't expected. mark: tesco one might have assumed would do better. what about m&s? where did it not stand out? where did it disappoint? >> surprised the reaction to m&s was so extreme. what has spooked people is the food business. weakening over the last few quarters. they said we did well in the indulgence products. ,here we did and do so good those lower-priced

mark: in london, i am mark barton. this is "bloomberg markets." trump insists he did not use foul language to describe haiti, el salvador, and africa during an oval office meeting on immigration. a democratic senator disagrees, saying the president said things that were hate-filled and racist. commerce department put together a report on whether foreign shipments are harming national security. the president has 90 days to decide if to impose tariffs or enter talks with foreign steel producers. u.s. core inflation rate accelerated more than expected. they consumer price index increased 1.8% over a year ago. costsg region was higher for housing thanks to lower energy prices. wealthy russians do not want to be on the list. u.s. treasury department finishing its list of oligarchs close to president putin'. the report will amount to a blacklist of russian elite. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. julie: after a year of dark headlines, u.s. retail is hopeful for

mark: live from the city of london, i am mark barton.-cignd russia cooperation may extend beyond production cuts. we spoke with these two spokesman from each about their partnership. think as weo reapproach the rebalancing, what do we know? my belief is that we need to extend the framework but not the production limits. it is the framework that we are formalizing, given the context between them and opec. we don't want to wait for a year of negotiations and deliberations. >> you're on board with this continued cooperation? what mechanisms need to be in place for this? we would continue cooperating regardless of whether we need to extend the cuts or not because this could help the market, both consumers and producers. mark: has this put to get -- put mid-2018y calls of a change to the production cuts or not? >> i don't think it does. i think what this says is the two big beasts in this deal will continue to work together if the market evolves in such a way -- there are clear signs that the group needs to produce more than i think they will

this is bloomberg. ♪ mark: live from london, i'm mark barton.new york, i'm vonnie quinn. this is bloomberg markets. we are moments away from the release of weekly u.s. oil inventories. crude oil trading higher above $63 a barrel. this after a massive drawdown last week of nearly 7.5 million barrels. looking for a drawdown of nearly 3.5 million. abigail: numbers are out and it does appear to be bullish relative to oil. was almost 5awdown million barrels relative to the expectation of 3.4 million and this follows a massive drawdown last week. this is similar to the trend we have seen more recently. lots of drawdown cutting into supply. relative to gasoline inventories a slightly bigger build than expected. 4.1 million barrels relative to the survey of 3 million barrels. last week 4.8 million barrels. overall the effect we are seeing a bearisha bit of reaction probably because of the gasoline inventory number. a bigger advent expected. oil this isok at not entirely inconsistent with what we would have expected despite another drawdown for oil. this

this is bloomberg. ♪ mark: live from london, i am mark barton.onnie: and i am vonnie quinn. this is bloomberg markets. the peso is under pressure. say there iscials an increasing likelihood that president trump will dump the north american free trade agreement or nafta. a white house official tells bloomberg there is -- there has not been any change in the president's trophy. -- resident's position -- president's position. we are joined in ottawa. what is the position that canadian officials understand? >> the latest in this back and forth is a sign of hope on autos which is one of if not the biggest, most controversial issue in nafta talks. we were reporting that canadians are preparing what they call you ideas on the u.s. proposal on autos. they say it is not a full council -- counterproposal. this comes after mexico has signaled that there is room for some type of a compromise on autos and if that is true, that raises the stakes of these upcoming talks in montreal this month and also raises the possibility that one of the to substantials progr

mark: i am mark barton in london.onday and in a show us strength, aig agreed to buy bermuda for $5.5 billion. celgene agreed to buy juno therapeutics. in the online retail space, richemont agreeing to buy yook. breaking us down is mad anuel. manuel: it's been a hectic beginning of the year and end of last year. it has really been a busy start .o the year mark: mark: health care seems to be a focus. manuel: 2016 was a bit of a bumpier year compared to previous years, which was just completely madness. last year we had a bit of a break and this year seems that ceos are still very confident would that be tax reform or thinking about it for a while. now is the time they are executing. who knows? the fact is we are opposed to see a lot of deals here. it's a good start. vonnie: let's talk about the price tags. $11.6 billion seems a lot in a health care deal. and then the other deal was $3.3 billion, which sounds like a huge amount. manuel: that's right. announced its biggest in 2011ce i remember with the acquisition. a sign

mark? you.roducts are at risk and the company says the iphone, ipad, mac computers and television system are vulnerable to exposing data like passwords and encryption keys. apple says they do not know about attacks against users and are releasing patches to mitigate potential damage. our bloomberg tech reporter is here. these patches are not going to harm performance, we are led to believe, is that true? >> we have to take the company at its word at this point. we have not run a performance test yet that is a concern for older machines, older windows machines running inside a lot of businesses and government agencies that some of these patches will slow the performance down. this is a vulnerability that has been found, but it is aimed that there are hacks and malfeasance that has been going on. apple uses intel chips inside its mac computers. in its ios devices, iphone, ipad, eight makes -- it may design its own chips but it uses an architecture from arm, so this gets a building block of the cor

mark: live from london, i mark 'm mark barton.e munster predicts amazon will acquire target this year. these at the discount retailer would be the ideal off-line partner for amazon. they would have to pay $41 billion for target. tesla leaving wall street guessing about sales of its model 3 sedan. they may have delivered four times more last quarter then in the previous three months. another analyst says sales may 40. risen by a factor of in california, retail sales of marijuana for recreational use now legal on a limited basis. sales were brisk in stores that had state licenses. that is your latest bloomberg business flash. take a look at where european markets are trading. we are minutes away from the end of the first training session of the year, down for a third consecutive day. it finished last year at a record. down .5%. euro rising, dax falling. that's the inverse correlation you often see. exporters affected by the strong euro. three minutes to the close. this is bloomberg. ♪ mark: live from london, this is the european clo

mark: thanks. big voices from douglas warning about complacency in the market, including the citigroup chief executive. >> you think of where we are today, we went through a government shutdown over the weekend and the market is up. you go through these events and you have to ask the question and the challenge is from the asset management or the investing side is, along the way, you sold brexit and bought it back high, if you sold president trump's election, you bought it back higher. there is a numbness out there and ambivalence out there that is concerning. when the next turn comes, it is likely to be more violent than otherwise might be. guest says a good way to manage these risks is layering active and passive portfolio elements strategically. joining us is dick weil, janus henderson group co-ceo. the ambivalence he was talking about, is it concerning? are you worried? are there excessive layers of complacency out there right now? dick: i don't think so. i think the markets probably have the st

this is bloomberg. ♪ mark: m london, i am mark barton.his is the european close on the markets. hour -- sharese of walmart. goldman sachs upgraded the stock to buy from neutral. >> while we tell overall could remain -- walmart could control their own destiny. he said that they say the right things to the breaking ball, they could get a boost from organic, and personal income growth. it's been of tax reform, he thinks it is going to help company itself, and that could result in a significant evidence. what makes it interesting though -- if we hope want to bloomberg, we see that the buy rating is at a pretty big run-up. the five-year chart, we see over the last five years that the stock has been sideways, but climbing sharply higher. the point i would like to make -- goldmant not only going from neutral coming up these high spirit shares of walmart and 5% about the two day moving average. 50% above, that resulted in a drop, so these shares may be overbought. it is interesting, but that run-up comes up as a bit of a turnaround as the company

then mark williams never looked back. fantastic start.ou have to give a huge amount of credit to mark williams and not panicking when it looked like he had lost. that is one of his strengths. he is a great match player, not impervious to pressure, that most of the time he posts a pebbly under pressure. and on a big stage, when he has not been involved in much of the masters, he could been forgiven for bowing out gracefully, but through to the next round. when it concerns the mark selby considering he crashed out early? didn't compete in the northern ireland open and first round here, he would be very concerned. he was ok during the season, but a few tournaments in the championship, over longer course and distance them mark selby will demean the main man in sheffield. thank you, it continues on the bbc red button, the website and the app. as mark allen takes on luca brecel, making his debut at the masters. leicester life to that match, between mark allen and luca brecel. it is well underway, started at 7:00pm. i—i frames, honours even. luc

this is bloomberg. ♪ mark: live from london, i'm mark barton. in new york, i am a vonnie quinn. this is "bloomberg markets." time for the biggest business stories in the news right now. amazon has narrowed the field for hq2, the second headquarters, to 20 areas in the united states and canada. among the contenders, new york, boston, chicago, miami, and austin, texas. the project is expected to cost $5 billion and create 50,000 jobs. saudi aramco is ready for its ipo in the second half of this year, according to the ceo. he says the state-owned oil giant is looking at the possibility of listing shares locally at first and then having an international ipo. aramco hasn't decided yet wear to list shares overseas in what could be the biggest equity offering ever. plans totional bank push ahead with an expansion strategy. bloomberg spoke with the ceo. whereterms of growth, targeting 79% growth. -- we are targeting 79% growth. in terms of bottom line, 5-7% which is in line with our 2020 strategy directions. vonnie: he says that bank will continue to di

mark: from london, i'm mark barton. this is "bloomberg markets."ss than 35 minutes away from the end of the tuesday session. you can see stocks are falling for the fourth day in five. lowest level for the stoxx 600 since january 11. a busy week for macro data and earnings. let's look at the currency board. the euro's rise continues. we've had a whole host of data out of the eurozone today. abundant, strong quarterly growth and strong annual growth as well. the piece of data to watch tomorrow includes inflation, which should confirm, yes, we have strong growth, but inflation remains stubbornly below that 2% level. ♪ mark: it is 4:00 p.m. in london and midnight in hong kong. from bloomberg's european headquarters, i'm mark barton. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." mark: here are the top stories we are covering. equities taking cues from the bond market today, selling off in raising questions about whether the strong start to the year will continue. theresa may paris to head to china -- prepares

mark: yes. he went on to become one of the most famous of the marine generals in modern times. largely because of the reputation he made as a officer in vietnam. brian: where did you talk to him? mark: i spoke to him on the phone, shortly before he died. i made plans to go down and interview him in virginia and he passed away before the date arrived. fortunately, the general had given extensive oral histories to the marine corps museum in quantico. so i was able to hear him talk about his experiences in hue and in vietnam without getting a chance to interview him myself. brian: in 1968, here's former cbs correspondent jack lawrence talking to a lieutenant colonel. >> what kind of fighting is it going to be? >> house to house and room to room. >> kind of inch by inch? >> that is exactly what it is. >> did you expect to experience this kind of street fighting in vietnam? >> no, this is my first crack at streetfighting. i think it's the first time the marine corps has seen streetfighting since seou

this is bloomberg. ♪ is bloomberg. ♪ mark: live from london, i'm mark barton. i'md from new vonnie quinn. another public twist in the very public rate between donald trump and mark bennett -- steve bannon. for cease and has been sent to the publish ller of "fire and fury. -- publisher of "fire and. ." josh, also the author of a book about steve bannon, the devil's ."rgain thanks for joining. first off, it's not clear if this season and desist letter will result in the book not being published later in the month. >> it's hard for me to imagine that would happen. the book comes out next week and there are already copies at booksellers. it's not clear to me that there is any legal standing for trump 's lawyers to win this kind of argument. in the short-term the only affect this is going to have is to gin up interest in the book. a lot of the particularly juicy excerpts are already in the public arena, as you said. we also have michael wolff doing interviews himself with these new recordings that he apparently has of these conversations in the public domain as well

i mark crumpton. this is bloomberg.avid: governor john kasich of wrote an op-ed in the new york times. he specifically says they are making a terrible mistake with the spec to daca and the dreamers. they should be allowed to stay in the country. says securing the border is -- unregulated labor is unacceptable. i spoke with the governor a short time ago and asked about the approach he would take with different groups involved. john: these groups of people are right on the razor's edge. are they going to be divided? think about this for a second. imagine that your son marries a dreamer, they have a six-year-old son, and then the dreamer come his wife, is told she has to leave the country. the sun causing and says, where should our son go, should i leave the country? we don't need to do that. these are people contributing to the country, they are working hard here. if they break the law, that is one thing. but if they are law-abiding and fully integrated, no reason to ship them out. secondly, on this business of the salvad

this is bloomberg. ♪ ♪ mark: live from london, i am mark barton.new york, i'm vonnie quinn. it is time now for our stock of the hour. shares of tesla lower after they pushed back there model three output targets. nothing really new. abigail: this is the third time they have done this, the third time they have pushed out the $5,000 per week production of the model three since last year. first targeting that would happen in december, now march and then june, so it is nothing new to investors. it is surprising the stock is down as much as it is. investors really giving them the pass for the vision. what will the effect be on the capital structure, more specifically cash? we look at the financial analysis function on tesla. we see the free cash flow is strongly in negative territory, really taking a hit. last year, they raise money does go different times and this may suggest if they continue to burn cash they may have to tap the capital markets again. -- whatat one point point will investors care? abigail: it is tough to know, because it is the vision

mark barton.a day, what a week. peripheral to see stock markets rising today. spain, italy, and. the other color as you can see to the north of those -- stocks were higher ahead of the ecb meeting today. rates unchanged, pitted borrowing costs to stay at unprecedented levels well past the end of current on purchases which will go at least until the end of september. the pledge to move slowly and stimulus, 30 billion until the end of september. chances of rate increases this year. euro-dollar is a big story of the day. volatility needs monitoring, no concern about the level of the euro. highest level since september bearish come the end of the year. a one dollar 30 forecast. a median forecast. , a dollar 25. i want to show you the spanish 10 year yield. the spread pushed out of a record 6.5%. the quick peek at sterling rising for a fourth day. it was not just mario draghi or mnuchin yesterday. the chancellor got in on the act, 14277. he told us today. we are very happy with where the currency is at

then mark williams never looked back. a fantastic start.n it looked like he had lost. that is one of his strengths. he isa lost. that is one of his strengths. he is a great match player, he is not impervious to pressure, but most of the time he plays superbly under pressure. 0n of the time he plays superbly under pressure. on a big stage, he has not been involved in the masters too much, to come here you would be forgiven to bow out gracefully, but 110w forgiven to bow out gracefully, but now he's in the next round. any concerns mark selby, crashing out in previous tournaments? the first round here, he would be very concerned. started off 0kjerry round here, he would be very concerned. started off 0k jerry the season, but a few tournaments to the world championship, over the longer course and distance mark selby will still be the main man at sheffield. thank you. live coverage continues on the red button, bbc sport website and app. back to you. that gets underway at 7:00pm, 15 minutes warning! that is it. now it is time for click. i've had

mark?us, he emerging market specialist and is to retire from frank went to templetonfranklin investments. big news for emerging markets watchers. been an investor in emerging markets and commentator. us.ave his bio in front of a long career. he loves his motorcycle trips beard big -- motorcycle trips. he goes across asia in his motorbike. he has been in the business for it goes back to 1980's, he has been in the business it seems for forever and is an outspoken, in the best possible way, a big supporter of the emerging-market space and a day commentator on the emerging-market space. vonnie: a bull, one of the last , and ralliedd us 20% in the emerging markets and from the 2007 peak, he invested in vietnam, the most dynamic market in asia he said, and he said the u.s. dollar was waning in importance earlier last month at the bloomberg your ahead asia conference. -- year ahead asia conference. mark: last year was good for hedge funds, three trading dollar industry coming back, best returns in

from the capital tunis, mark lowen reports. their revolution, pride they brought in a democracy of some sort. but also frustration that the dreams in 2011 of a better life for all have faded. seven years on, from revolution until now, we think alongside with the tunisians themselves that politicians have done nothing. nine governments later, they had seen waves of social unrest, terror attacks, a sharp drop in tourism. this week‘s protesting was sparked by austerity. around 800 people were arrested. the government has now announced a $70 million package of reforms to help poor families, hoping it will stave off more demonstrations. protest against the budget, they are bringing up the price is too much. we cannot afford anything. translation: it is not going well, that is the truth. it is imperative they lower prices, that they do something. the government has done nothing in the past four yea rs. has done nothing in the past four years. there is talk of raising the minimum wage and universal healthcare. the minimum wage and uni

spent six hours in jail, mark's father-in-law paid one- thousand-dollar bail, and mark in turn bailed their short time in jail is when the brothers took slightly different paths. mark took a plea deal, but evan is fighting his charge in court." "i'm the sole breadwinner for my family and i have a nine- month-old daughter. ya know, like i can't risk being put in jail for six months with a nine-month-old baby."mark must complete 180 hours of community service, and faces three years of probation, which could possibly affect his application for a contractor's license in california.evan is confident in his research, and the evidence he's been collecting, which he says will show officers weren't following the letter of the law."i'm right. they're wrong, i'm right, and i will win."in santa rosa, spencer blake, kron four news. ( marty ) a san francisco police officer pleaded not guilty to sexual assault. 30-year-old justin mccall is accused of sexually assaulting a person while they were unconscious. mccall is a four year s-f-p-d veteran . he was arrested monday in connection with the septemb

mark: i'm mark barton. the closing roughly 13 minutes.heresa may is facing chaos as he attempts to reshuffle her cabinet. it was all smiles for the cabinet today, the first meeting of the cap and after the reshuffle behind the scenes, some senior ministers have refused to follow her orders. --ning us with the latest something interesting did happen. at 3:26 local time. an appointment. what was announced? >> a campaigner for brexit who continues to campaign for a hard brexit -- clean break from the eu. she's quite high-profile. she was a potential threat to may on the back benches if make came back from brussels with a deal that conceded too much to the eu. you can to this appointment is keeping her inside -- mark: is this the no deal brexit minister many were talking about? >> it's not entirely clear whether there's an additional role. steve baker is another person's been advocating a hard brexit. he was brought into the government. it's been a repeat of keeping the intent the government. mark: this is the question that has been vexing me

take it away mark. know you love china so what eats a good china chart on a friday, absolutely nothing. after the fanfare that greeted the first year on your acceleration in china since 2010, a note of caution. bloomberg's china surprise index will -46 which is the worst reading and 17 months. the data is actually missing estimates which might herald that the slowdown which is widely expected this year might actually start sooner rather than later. let's not spoil the party. the nominal gdp size confirms china has diminished the previous deflation risks and so we comparisons with 1980 japan are just that, silly. i admire you. you talked turkey, russia, indonesia and china this week but the winner today is michael reagan. up, you want to be watching because the copresident is coming. ♪ mark: i am mark crumpton with first word news. the office of management and budget director, mick mulvaney, said that wrote agencies have contingency plans in place in the event of a government shutdown. he blamed chuck sc

mark hooshmand: he hadn't seen the unit before moving in. bigad: mark hooshmand is nicole's lawyer. mark hooshmand: i think this is a way that landlords are circumventing the rules to maximize their profits. bigad: he ultimately won nicole's case. she won't reveal how much she was awarded, but says no amount of money makes up for being forced out of her home. nicole: it was one of the worst experiences of my life. bigad: nicole says she couldn't afford to stay in the city. she now lives across the bay in alameda, but believes more oversight could have kept her out of court and in san francisco, her home of 15 years. nicole: until the laws are changed to protect us, it's going to continue. announcer: coming up: female: please call the roll. announcer: a major vote to rewrite san francisco's housing laws. bigad: what's at stake here? aaron: what's at stake is people's lives. announcer: and still ahead, then mayor ed lee on san francisco's housing crisis and his own legacy in his final sit-down interview before his death. bigad: was the previous system essentially set up to fail? mayor

this is bloomberg. ♪ ♪ mark: live from london, i am mark barton.new york, i am vonnie quinn and this is the european close on bloomberg markets. the stock of the hour, broadcom is topping higher on a bullish announcement. they are known as an apple supplier, 20% of revenue comes from apple. they put up a bullish statement that they expect the fiscal first quarter that in today -- in today is better than expected . it tells us that the company is not out there scrambling on the last day of the quarter to get deals done or compromising on pricing. we put this with the earnings function in the bloomberg. the company has been tracking well into the quarter. this is a three-year chart. white is the stock and red is the street estimate for the first quarter which had been for 95to write around and now -- 495. destocked taking a -- the stock taking a dip today. a relief. precursor for a positive read through for apple who has seen its shares decline? question. a big interesting the idea that we have apple slightly higher today, though on the week, mainly

this is bloomberg. ♪ mark: i am mark crumpton with first word news.a's congressional map has been deemed unconstitutional. a panel of federal judges ruled artisan gerrymandering gives republicans and unfair vantage in elections, and it calls for the republican dominated legislature to create a new landscape of congressional districts by january 24. one of hillary clinton's fiercest critics on capitol hill is calling it quits. darrell issa of california will not run for reelection. he is the former chairman of the house oversight and government reform committee. to investigate clinton's role in the deadly terrorist attacks in benghazi, libya. south korea's president said he is willing to meet him jump on under the right circumstances, but thou never accept north korea's nuclear weapons program. his comments, a day after the first high-level talks between the koreas in more than two years. president trump told president moon the u.s. is open to talks with north korea when it is appropriate. germany is maintaining a hard-line stance on brexit.

let's check on the first word news this afternoon with mark crumpton. mark? mark: in davos, president trump told the world economic forum that america is "open for business." he says he has taken aim at bureaucrats and their regulations. president trump: the u.s., like many other countries, unelected bureaucrats. believe me, we have them all havethe place, and they imposed crushing and antibusiness and anti-worker regulations on our citizens. no legislative debate, and no real accountability. in america, those days are over. mark: the president also said he is in favor of three trade, but it has to be fair. earned onesident o party in a to ruling group today, president erdogan appeared to be in defiance of the united states, which has