marty schenker thank you so much come our chief content officer.tay with us to talk equity markets. if you are in europe this is the interview of the day. stephen engels of commerzbank. they have a lot of explaining to do about the future of german banking and a revenue shortfall. this is bloomberg. ♪ g. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your custo

let's bring in marty schenker. the president did say listen closely to the state of the union. some kind of about announcement. >> it sounds like he is going to decide what he is going to do about the wall and announce it at the state of the union. declaring an emergency is the centerpiece of getting the wall funding because he is convinced he is not going to get it from congress. >> he said having an emergency and helps the process. what could happen between now and tuesday? for them tothing is agree on wall funding that he wants which is not going to happen. at 9:00, we will find out. >> he said that having a committee to discuss options was a waste of time. he does not believe in that. thank you. we will be live on tuesday night for the state of the union address. that is at 8:30 eastern. we have a positive industrial average on earnings. stay tuned. we are back with will yield next. a final word from you going into next week. what are you looking for as things progress here? the u.s. economy looks solid and the rest of the world looks soft. what is your message? >> we need

with more, marty schenker joins us now. not a big surprise. was expected to jump in and he did this morning on vermont public radio and then on cbs this morning. about he went on and on the president of the united states. he called the man an embarrassment. marty: that is a narrative that is pretty common among the democrats. bernie sanders is a self-described socialist. thinkings definitely that's a winning issue for them in 2020. david: he said these are the things i believe in. an increased minimum wage, single-payer health care system. a lot of those principles he espoused last time and seemed almost extreme. marty: it is rather extraordinary in the space of two years what were considered theeme positions are now mainstream narrative of many of the democratic candidates. david: what net effect does that have? does that move the entire national discourse in that direction or isolate the democrats? marty: a lot of these things are pendulum swings. when the pendulum moves all the way to the left, there may be a move toward the center, which is

[applause] alix: joining us now, marty schenker. ion blackrock global allocation fund -- it is strong. will it continue to be strong? marty: it's interesting that the economy is strong as long as the government is open. donald trump just helped orchestrate the longest shut down in u.s. history. he overstated some of the facts about the economy. he should take a certain amount of credit for what's happening in the u.s. it is called a recovery. it happens. it is an economic cycle. there's some prospect that may end in the next year or two. david: the only thing that could stop the economy as a war or investigation. what about trade? marty: it was a real dichotomy. reached out across the aisle, but then immediately took it back on his rhetoric on immigration. he did not spend a lot of time on trade. we know he's working toward an agreement with china. we have to have one. david: one of the most remarkable moments in the speech was his taking credit for avoiding a major war with north korea. marty: this is a refrain he's gone to a number

we are joined by paul sweeney and marty schenker. let's come back to the state of the union address. let's talk about the substance. there important issues here we will be watching for. the usmca, trade, drug prices, immigration. what is the president going to say to drive investors? >> it's interesting to me that he's promising some sort of news. there's talk about the new initiative on drug prices. what a lot of people who are watching the politics will look for is whether he uses the speech to declare an emergency to get his border wall, which would be extraordinarily divisive. which ishite house, pitching this as a unifying message, i don't see how these two are consistent. david: there's this divisive message -- people want quiet at the moment. >> the selloff we saw had a lot of components, one of which was the looming government shutdown. we all know the markets do not like uncertainty. the speech interjects even more uncertainty into the political realm. alix: we were talking about the optics, some of the democratic women wear

joining us now to talk more about this is marty schenker. david level its is still with us as well. ll say what alex said to you -- what is going on? marty: welcome to the world we live in. we are constantly asking ourselves, have you ever seen like this before? we are constantly saying no, we never have. i will say that this bezos controversy is more than just a post front page story. it will have local consequences and we are just beginning to see what they may be. alix: what? carol: yeah. marty: the interesting thing for me is the link that which ami apparently wanted to stop the bezos investigation on whether there was political motivation behind the original story. carol: ami, the owner of national enquirer. marty: right. what were those connections that they were so concerned about suppressing? it is also interesting to me that david packer, the ceo of american media, has an agreement with the southern district of new york. under the terms of that agreement, they can ask him to come in and testify truthfully to the prosecutors on what they actually did. if they violated any law

marty: that is next. s accessthi surveillance? we got through that. schenkererican journalism. coming up, a different conversation, thrilled to have sebastian mallaby join us. you know him from his authorship and the hedge fund business as well. this is "bloomberg." ♪ viviana: i'm viviana hurtado. sony is planning its biggest share buyback ever. the electronics maker will buy as much as $910 million of its own stock. shares rising more than 4% in tokyo. last week, sony reported weaker profits in playstation and cut its annual forecast. this triggered the steepest share drop in almost three and a years. half cuts are on the way at one of the world's largest video game makers. activision blizzard plans to announce cuts next week. they could number in the hundreds. in november, activision said some key games were flat. investors are boosting their bets against starbucks. its former chairman is considering a run for the white house. short-sellers borrowing 2.5 million shares over the past week after howard schultz made his announcement. it is the most shorted stoc

vonnie: marty schenker, our chief content officer. a reminder, we are expecting a cabinet meeting at 11:30 in there-- eastern, and if are any words from the president, we will bring you those. let's check in on the first word news. >> in madrid, the trial of separatist leaders gets underway . 12 defendants are being tried unilaterallyes in declaring catalonia's independence. the move was based on results of a secession referendum of that ignored a constitutional ban. unilaterally declaring catalonia's some of them face of decades in prison if found guilty of rebellion. trade talks between the u.s. and china are back underway in beijing and the white house says president trump wants to meet "veryresident xi jinping soon." every union could bring unofficial and to the trade war. president trump has put an double tariffs on $200 billion of imports from china if there deal. a retired astronaut, mark kelly, announced he is running to finish john mccain's last term in the senate. the 54-year-old is considered a top democrat recruit to chall

we continue this morning with a visit fromand marty schenker. snow, does the city come to a halt? spect. tom: they literally do not go out? marty: there is some snow removal equipment and 30 years ago, they did not have any. tom: let's go to some democratic party politics. the washington post, david von road loves to write history. 1968, young shanker was protesting. history will not be hoodwinked by the excuses hillary clinton supporters make for her disastrous loss in 2016. only a terrible candidate could have managed to lose to president trump. camemccarthys and them courtesy of peter, paul, and mary. sanders played simon and garfunkel. in 2020, there is no wounded giant to define the party for a. it is not 1968 for bernie sanders. both: paul simon and i corrupt in forest hills, new york. in any case, it is somewhat symbolic that the second time is not the same as the first. bernie sanders, the excitement of the first time, he may not be able to match it this time. tom: there is this whole overlay of socialism. magazine" with a whole socialism play, does that have legs or does t

let's bring in marty schenker. political backlash, i think that is here to say.ity, as you know we live here, politics is rancorous under normal circumstances. there is when it a lot of finger-pointing locally on who is to blame for this. david: talk about who is to blame for it as it were. a lot of the leadership of new york city is left of center, i think would be fair to say. a lot of the objections i have seen in the press is from the progressives. did they overplay their hand? will they route the day they drove jeff bezos out of town? >> it is quite possible. i think there is blame to be placed on all sides in this. i think the messaging when this deal was announced, giving the richest company in the world $3 billion in tax subsidies did not sit well. almost simultaneously with the announcement they were taking down the l trend because of maintenance. david: the subway train. >> and the optics of it were not great. the mayor and the governor were both very supportive because it was going to bring in many jobs. they made the argument that it would offset the

marty schenker and harm bandholz of unicredit.tiple reports from france that designer karl lagerfeld has died. he was 85, fashion icon, longtime artistic director at chanel. he is said to have been ill for weeks. we will have much more on that story coming up. tom: extraordinary, folks. we have to remember to what he did, particularly with the chanel outfit. the two c's together. design and the design for it. reallye, national suit, defines success across a lot of fashion, doesn't it? francine: it does in certain countries in europe, tom. but if you cast yourself back to karl lagerfeld, how he started, he began as an assistant back in 1955. he joined chanel in 1983. he was prolific in his design, having worked at cindy. he also had a collaboration with h&m, one of the first to do so. we have a great bloomberg story from a couple of weeks ago, the first time in many years he missed the catwalk. that is because of a bad cold. now we think that could have been something else. tom, if we do not have a replacement -- there are a number

we have marty schenker with us. and gina martin adams with us.t that will. let's do politics first. your graft -- garrett graft. he has seven outcomes for mr. mueller. for our global audience, it is that complex wrapping up this investigation? >> it is complex and completely opaque. bob mueller has done an extra ordinary job of keeping everything close to the vest. anybody he says this is going to happen is just guessing. tom: i want to go to what he , one of his options is to hand this off in perpetuity to other prosecutors. ,> that is one of the theories that he could leave certain investigations open instead of pursuing them himself, he could farm them out to federal attorneys who could then pursue those cases. translate it. what is it about friday mr. mueller? >> the grand jury that has been impaneled by mr. mueller generally meets on fridays. a number of indictments have come down on fridays. the theory goes, if he is going to announce additional indictments along with presenting his report, it is logical that would happen on a friday. but t

we are joined by marty schenker and sarah ponczek. we will go back to the china-u.s. trade relations. we heard from ambassador lighthizer testifying in congress, saying it's not clear there will be a deal done at all with china. >> if we can complete this -- and-- again, i say if can reach a satisfactory solution to the all important issue of enforceability as well as some other concerns, we might be able to have an agreement. much still needs to be done, both before an agreement is reached and more importantly after it is reached, if one is reached. david: there were a lot of if's in that statement. is it too much to read this together with president trump in hanoi? president trump is willing to walk away from the table. marty: to some extent, for many observers, that is good news. there were worries that trump would give away the ranch to get an agreement. mike pompeo deserves some credit for that. donald trump said we will get a deal. lighthizer says not so fast. it's clear he is ratcheting back expectations. david: do we have any sense of whether lighthizer is spe

schenker. point, isn't it going to be hard for him to back down off of this? martythe democrats and , it'sicans reach a deal going to be up to the president to accept this. conventional wisdom is he would and move on to govern, but this president has never subscribe to conventional wisdom. david: the president doesn't want to be by himself. >> that is the real issue. will the president signal he is going to sign this compromise? do theoesn't, republicans follow his lead? if mitch mcconnell calls for a republicans -- do the republicans override his veto? part of the story is that shutdown might be averted. do you have conviction in the rally? >> we are bullish for the year end. up around that 2700 s&p , you have to spend some time consolidating around that level. if weld be the best thing just spend some time consolidating and then making that push to our suggestion of 3100 to the bullish call. david: why are you bullish over the course of the year? once we get past the shutdown business, we have a little thing called trade hanging out there. we have the china issue,

joining us is marty schenker, bloomberg chief content.t it was the art of the deal, this is i'm going to have my way no matter what. he did not get 5.7, he said i will take eight. >> we make fun of the u.k. and brexit dysfunction. we went from shutdown craziness and now we will go to a new phrase -- a new phase where he will be challenged on constitutional grounds and that will be something we will be talking about for weeks or months. david: we have congress, we have the white house, now we will get the courts involved. marty: it is a fascinating question. the legislature has seated more authority to the executive have thed out we democrats owning the house of representatives they have decided to take a stand and there is a strong argument for it. david: if you talk to people on the hill they say they are seated more authority to the president in trade. president xi says they will go back to washington, things are constructive. what do you expect in washington? fact thathink the president xi showed up in the talks in beijing is a good de

we are joined by gina martin adams and marty schenker. we are going to have the state of the union delayed tomorrow night. last year was all about taxes. this year a lot about trade. this is what president trump said yesterday. pres. trump: it looks like we are doing very well making a deal with china. no two leaders of this country and china have ever been closer than i am with president xi. we have a good chance to make a deal. i don't know that we are going to make one, but we have a good chance, and it is going to be a real deal. it is not going to be a stopgap. david: he is certainly getting expectations up. >> he is. while trade may be a big theme in the speech, and the context of the government shutdown, which many feel like his- feel like was fault, it is somewhat poison when he gives this speech. david: at the beginning of that interview he said i am not taking another shut down the table. >> it is really hard for me to even conceive of congress allowing for another shutdown, but unless republican senators step up to the plate, t

marty schenker, bloomberg chief content officer. we have the u.s. and china trade talks. hase is speculation trump told negotiators to get a deal d to market an en volatility. to agree tolined concessions. is that the tactic this week? >> it may well be. trump wants to get a deal done with china. the question is what he wants to accept in terms of structural changes with china. david: what makes me nervous is complacency. the markets assume nothing dramatic will happen on march 1. something will happen at some point. what if they are wrong? that is basically the view the deadline is a macguffin we can use to advance the plot, and nothing will actually happen. i take the idea that if you do anti-china on your bloomberg terminal, you are reading stories about made in china weakness. it is a matter of how much you want to press. vantage versus how much you need your advantage versus how much you need a win. david: we have the acting chief of staff to the president mick mulvaney over the weekend. >> he cannot sign anything they put -- they cannot sign everything they put in f

schenker. image to capture the bipartisan reality of mr. coco. -- mr. cohen. marty. if you thought he was a virtuous truth teller, he did well. if he is a felon, he did not change any minds. tom: let's go to someone who actually knows what he is talking about, professor feldman of harvard university writing -- the most important sentence mr. trump did not directly tell me to lie to congress, that is not how we operate. the rest of the essay is brilliant. the last paragraph needs to be bronzed. declining to give the order directly is a time-honored way for leaders to do their dirty work, stretching back to the kings of the bible and henry the second seeking the death of thomas becket. that is the company trump finds himself in. and no one impeached king david or henry the second. marty: he is absolutely a right -- absolutely right. there was no direct smoking gun evidence of illegality, or certainly high crimes and misdemeanors you would need for an impeachment. francine: it seems to have opened more fresh allegations. what did we learn from michael cohen yesterday?