. ♪ matt: good morning from berlin. i met miller. this -- i'm matt miller.his is bloomberg daybreak: europe. a risk on friday after u.s. stocks closed at record highs. treasury yields much higher as well ahead of the jobs report. donald trump condemns the storming of the u.s. capitol and pledges a smooth transition of power amid resignations and calls for his early removal. in the u.s. is expected to surpass 400,000 virus deaths by inauguration day. this as the u.k. imposes mandatory covid tests for all visitors. let's take a look at what we've got in terms of the market reactions today. it looks like this is a market that wants to continue to rally. really, no matter where you look , you've got the msci asia 5%, so gaining one point asian markets are continuing what we saw in the u.s. yesterday. s&p futures are up, as well, so it looks like the u.s. is set for another climb higher. we do have the jobs report out, but in this kind of market, it seems like we'll try and twist any results we get into something positive for stocks. 10-year gilts continue to mar

alix: that was the renault deputy ceo speaking with matt miller. thanks for staying up for me here. why did it take so long to get back to profitability levels? matt: that's a good question, and i kicked off with that. only in it for 3% operating margins by 2023 and they say they can boost it to 5% by 2025, which seems to me, coming from my background reporting on ford and gm with the super profitable big trucks -- pickup trucks commit is crazy low. renault had operating margins pre-pandemic of 4.8%. her concern is, as she just told us they are dumb it is going to cost a lot more to build the electric vehicles that they need to come and then the truth of the matter is the french government is the biggest shareholder. their hands are tied when it comes to cutting jobs. they did cut 14,000 before the pandemic. they cannot do anymore, and when they built the big moneymaker next to the little french electric five, the government wants them to do it in france. they have got a number of things that they need to work with that they have no choice about, re

i'm anna edwards alongside matt miller in berlin. matt: good morning. say enough for now. christine lagarde signals that monetary stimulus has hit its peak. the stock rally stalls after indexes hit record highs overnight. the cash trade is in our away. here a

engaged in this planning and are responsible for various aspects of execution 1st and foremost matt miller is the special agent in charge of the washington field office for the united states secret service mr miller agent miller. that is washington the mirror washington d.c. just laying out the plans for the inauguration and pleading for people to join the inauguration from him is power transfer as presidential power transfers at noon on january 20th i'm ready to talk about the logistics and security measures and what you can do to provide a tip off so let's pretend i'm fishing briefly joins us live from washington d.c. and alan carry out a merrill judy is that this extraordinary time you're about. it's a different sort of city isn't it everyone expected the inauguration to be slightly different because of the pandemic and certainly muriel bowser has extended some of the restrictions because of that but also the fact that they have this security threat no they were worried about the threats that were online certainly they weren't even in the dark recesses of the web they were right there i

first and foremost, matt miller is the special agent in charge of the washington field office for the united states secret service. mr. miller. agent miller, i should say. >> mr. miller works. good afternoon, everyone. thank you, mayor bowser, for inviting me to join you. on behalf of the men and women of the united states secret service, i'm happy to speak about plans for next week's presidential inauguration and answer any questions that may arise at this time. january 20th will be this nation's 59th presidential inauguration. designated as a national special security event, the secret service is again serving as the lead agency with respect to operational planning and security. as most of you are away, the department of homeland security recently extended the nsee designation dates for the period covering january 13th to january 21st in response to the e venltss of january 6th, when an election protest turned into a violent, deadly, and unlawful assault on the united states capitol. for well over a year, we have been working with our federal, state, and municipal partners to develo

good morning, matt miller in berlin. 10.018%. three hoursgot sleep. i feel well rested. trying tooin, understand it. it is capturing the imagination of fund managers. it did touch $40,000. i'm also looking at crude oil edging higher. overall we had a good conversation with scott thiel talking about treasury yields of the dollar, erasing gains. if you look at the treasury yield, flat at the moment, but they seem to be range bound. then we also had a conversation with carl bildt, and he was saying, look, the only question that the market really needs to have is whether the trump fourdency was, you know, years out of the ordinary come or whether it is a divided presidency in four years. tom: you have so hit the third rail of questioning right now. francine: i know, and that is the one thing that we will spend more time on. coming up on balance of power, the new york presbyterian hospital president and chief executive. this is bloomberg. ♪ >> i don't really see it impacting the need for monetary policy to support recovery. i don't think we are necessarily going to be back to

i'm anna edwards alongside matt miller in berlin. matt: good morning.s say everything to play for. stocks and futures trade mixed amid earnings in hopes of more stimulus. the trait is one hour away. top headlines from the bloomberg terminal. it is inauguration day. a new era begins in the united states of ame

is the vice chancellor speaking with matt miller a little earlier on.ots of reaction from world leaders. borissuite, the u.s. -- johnson called the scene disgraceful. ursula reiterated her belief in the strength of u.s. institutions. joining us now is david manning, former u.k. ambassador to the united states. is the american president still the leader of the free world? david: i think the american president is undoubtedly crucial to the free world. that has been true ever since the second world war and continues to be true. alix: how does it affect the u.s.'s soft power in the world? david: it is a big shot, big disappointment. partners,erica's friends, democrats around the world are deeply disturbed by what has happened. theeems extraordinary that real and present danger to the united states should be coming from the president of the united states. i think america's partners, democrats around the world all seem deeply disturbed he has not accepted the results of the election just as boris was saying. there is a lot of worry that the , the republican p

i'm matt miller. party voted for continuity, opting for the candidate most resembles chancellor angela merkel in terms of policy and political style. >> there are many people who think angela merkel is good first and the cdu second. the repetition among people here and internationally can be summed up in one word --trust. we need this trust as a party but this is not a gift or an inheritance. matt: joining us now is bloomberg's agatha can trial -- agatha cantrell. this seems to be a safe choice for party that has gained credibility through this pandemic. agatha: it is a safe choice on the basis that they picked a merkel loyalist and because a lot of the support the party has got during the pandemic is being chalked up to merkel's own strategy during the pandemic and a broader appreciation of her in comparison to other world leaders and handling of it. it makes sense to seek out someone who can continue her legacy and seen as a steady hand and stable candidate. he is not going to be the chancellor, how

he spoke to matt miller. >> it is premature to speak about recovery.e are come at the moment at a low point -- we are, at the moment, at a low point. we will stay for many months. we anticipate the start of the recovery in terms of production in the second half, but modestly. then we will reach a point where passengers will be flying again, whether for leisure or business. it is not the case at the moment. so we are still in the eye of the storm, and we are waiting for better news to come. airline customers -- at the moment, and the priority is to reopen borders, enable flight. this is the point where we will see it picking up again, but for the first half of the year, we will stay at lower levels. matt: so when you look at that new ramp up plan, do you expect to have to cut capacity more? do you think your going to have to -- for example, i know you want to cut headcount by 15,000. do you need to do more? >> at the moment, no. we are observing the new situation. we are still with the plans that we decided that we launched last year, so executing on ou

first and foremost, matt miller is the special agent in charge of the washington field office for the united states secret service. mr. miller? agent miller, i should say. agent miller: good afternoon, everyone. thank you, mayor bowser, for inviting me to join you. and on behalf of the secret service, i'm happy to speak about plans for next week's presidential inauguration, and answer any questions that may arise at this time. january 20 will be this nation's 59th presidential inauguration. designated as a national special security event, or nsse, the secret service is again serving as the lead agency with respect to operational planning and security for the event. as most of you are aware, the department of homeland security recently extended the nsse designation dates for the period covering january 15 to january 21, in response to the events of january 6, when an election protest turned into a violent, deadly, and unlawful assault on the united states capital. for well over a year, we have been working with our federal, state, and initial copartners to develop and implement a compr

as agent matt miller said, this is unprecedented. this inauguration is something filled with excitement, hope, and hopefully a new path forward. the united states park police, as stewards of democracy, ensure that first amendment rights are allowed to occur on federal park lands, and our officers do it with emotional and personal fortitude to make sure the mission of the national parks service and the department of interior is intact. our roles are not only the law enforcement arm of the national parks service within washington, d.c. but also san francisco and new york as well. we hear -- we are here to stand by the nsse and all of our d.c. officials, our public safety administrators, our local law enforcement to ensure a safe and secure event next week. we work collaboratively and have been doing so for months now in our management team with many men and women who engulfed long hours into this planning. i congratulate them, a few days left to ensure we have a safe event for next week. i'm here afterwards for any additional questions

i'm matt miller.minutes, we will be your guide to the region's thriving market and the exchange-related funds. everything you need to know about the funds and the flows.

i'm anna edwards alongside matt miller. matt: good. the markets say, it's party time. amid optimism around fiscal spending. european futures point to a positive open. the cash trade is just an hour away. thes

i'm anna edwards, live in london alongside matt miller in berlin. matt: good morning.he market say the risks are mixed. european stocks point to a negative open amid earnings. a fed meeting as well. the cash trade is less than an hour away. the reddit rally. gamestop's value surges past $10 billion after a name check from elon musk on momentum from online day traders. hedge funds also see their long positions under attack. a sobering moment for boris johnson. the u.k. becomes the first european country to report 100,000 coronavirus deaths. the prime minister insists the government did everything it could. and the fed wraps up its first meeting of 2021 today. jerome powell is likely to be cautious about tapering asset purchases. didn't want to pop any bubbles. we are an hour away from the start of cash trading in europe. let's take a look at the futures this morning in terms of european stocks. we see futures that are all pointing down. not a lot of size here. ftse futures are down the most, one third of 1%. take a look at u.s. futures. a more mixed picture. nasdaq futu

i'm anna edwards, live in london alongside matt miller in berlin. matt: good morning.risks are mixed. european stocks point to a negative open amid earnings. a fed meeting as well. the cash trade is less than an hour away. the reddit rally. gamestop's value surges past $10

i am anna edwards live in london aside matt miller in berlin. matt: good morning.tical risk drives the day. treasuries fall with u.s. futures as investors watched senate races in georgia, but european futures point to a positive open. the cash trade, an hour

i am anna edwards in london alongside matt miller in berlin. matt: good morning.markets say keep the stimulus coming. assets look to the fed to fuel further risk-on rallies. futures in europe and the u.s. point higher at the start of the final week of january. the cash trade is one hour away. here are your top

matt miller spoke with the former u.k.me minister, tony blair, about the relationship between prime minister johnson and president-elect joe biden on the possibility of a catchy and transport. mr. blair: he is using language of reconciliation and it is in his nature. he is someone who has a good heart who values and can see the divisions of america and he made his job as president to try and bring the country together. this is not an american specific problem, it is all over the world. he put his immediate focus with the pandemic. in the best way to overcome some of the divisions in society is show that you are delivering to the people. it is showing first of all of the economic coverage that is going to be extraordinarily difficult in a monumental challenge for governments. it is going to be really important to show people you are making progress. that is the best way to bring people together. the biggest challenge democracy faces is getting things done. >> what do you think is the action that still needs to be taken by t

. >> i've got to talk to matt miller. there's no question it's about the yield. yield, it's going to be an extraordinary day in washington. the senator from kentucky, 36 years in the senate. we speak to david kelly of jp morgan and john lieber will join us. this is bloomberg. ♪ tom: this morning, the assumption is of a more and greater stimulus and/or replacement expectations. yield.rge on the 10 year he returns to a pre-pandemic 1.00%. even higher right now. it is every republican for themselves. a challenging wednesday for the senator from kentucky. not destined this is different -- the pastor of martin luther king's church is the senator from georgia. good morning, bloomberg surveillance. francine lacqua in london. we are focused on georgia with no voting changes for ossoff and purdue. by 16,000 ahead votes. i want to stop right now and look at the other news in the world. , oneaid it to me earlier in 3

i'm anna edwards live in london alongside matt miller in berlin. matt: good morning.ets say mania contained. meme stocks soared in overnight trade but markets look set to slump ahead of gdp data from germany and spain. the cash trade is an hour away. these

alongside matt miller in berlin. matt: good morning. today, the markets say who is driving? e.u.ales slumped by the most. stocks and futures push higher but as bank of america and goldman sachs reported today, they will prepare

finally we remembered -- if only we remembered our passwords like matt miller, tom. focusing on the u.s.' $1.9 trillion covid relief plan. the other thing i am looking at is the u.k. i'm looking at crude as well, crude oil climbing toward for $50 a barrel. equity benchmarks in france, spain and the u.k., turning modestly lower. i think it is about the lock on, but we have not figured out exacting but that means. dollar and the euro pretty much steady. now to talk about the economy as if we were in davos, is janet henry, hsbc global chief economist. thank you for joining us. always a good thing on a monday morning to talk about what kind of recovery we will see. at the moment, janet, the market is closely following stimulus, expecting more from central banks, ignoring the lockdowns, ignoring the fact that vaccination rollouts could be slow. what kind of general world recovery are you expecting? janet: i think the financial markets are obviously focused on the idea that we are going to get more stimulus and a bigger reopening, and that things are bad in the short term.

anna edwards and matt miller take you from london to frankfurt, paris and beyond.ean market open. this is bloomberg. ♪ anna: good morning. welcome to bloomberg markets "the european open." the markets say it is full blown mania. the new year melt up shows signs of stalling with futures pointing lower and bitcoin albeitg 10%,

i'm anna edwards alongside matt miller in berlin. matt: good morning.oday, the markets say everything to play for. stocks and futures trade mixed amid earnings in hopes of more stimulus. the trait is one hour away. top headlines from the bloomberg terminal. it is inauguration day. a new era begins in the united states of america. joe biden is sworn in as the 46th president. conte battles on. the italian from minister works to broaden support of an outright majority in a crucial senate vote but at least he won. and lockdown for longer. merkel tightens covert restrictions as germany reports the highest number of daily deaths since the pandemic again. we are under one hour away from the start of cash trading in europe, in the u.k. as well. take a look at futures. gains across the board, although they are fairly tepid. dax futures up only 1/10 of 1%. we do see ftse futures up about one third. in terms of u.s. futures, we also see the subdued gains on dow jones and s&p in many contracts, while nasdaq futures rise 6/10 of 1%. anna, we've got a couple of break

i'm anna edwards alongside matt miller. matt: good. the markets say, it's party time.tocks hit another record amid optimism around fiscal spending. european futures point to a positive open. the cash trade is just an hour away. these are your top headlines from the bloomberg terminal. joe biden is sworn in as the 46th president of the united states. he pledges anand to what he calls an uncivil war. decision day. the ecb president says europe's recovery is on track despite repeated lockdowns as germany's virus deaths surpass 50,000. citigroup cuts bonuses for dozens of its top executives after being reprimanded by the u.s. regulators. we take a look at how the u.s. banks are doing. under an hour away from the start of cash equity trading. let's take a look at futures. we are looking at gains across the board, one third of 1% on tax features. ftse futures up 4/10 of 1%. after all closing higher yesterday. take a look at u.s. futures. the s&p yesterday closed up 1.4%. u.s. futures are rising again today. s&p futures up one quarter of 1%. nasdaq futures up almost 0.5%. wha

i'm anna edwards alongside matt miller in berlin. matt: good morning.he markets say enough for now. christine lagarde signals that monetary stimulus has hit its peak. the stock rally stalls after indexes hit record highs overnight. the cash trade is in our away. here are your top headlines from the bloomberg terminal. the dark winter of the pandemic. joe biden says he will move heaven and earth to vaccinate 100 million americans in the next 100 days but warrants that 100,000 may die in the next month. a last resort. angela merkel warns that germany could close its borders as eu leaders say stricter lockdowns could be necessary. christie look hard points to a downtown for the eurozone. hong kong will lock down tens of thousands of residents for the first time. that index has been growing higher and higher. we are under an hour away from the start of cash trading across europe. let's take a look at futures this morning. red arrows as warnings about virus lockdowns and concerns about vaccine shortages continue to plague markets around the world. you can se

i am anna edwards in london alongside matt miller in berlin. matt: good morning. today, the markets say keep the stimulus coming. assets look to the fed to fuel further risk-on rallies. futures in europe and the u.s. point higher at the start of the final week of january. the cash trade is one hour away. here are your top headlines from the bloomberg terminal. the 2021 outlook darkens. the world bank downgrades its growth forecast as you covid variance crippling lockdowns -- new covid variants, crippling lockdowns. xi jinping makes his first public remarks of the biden era in the keynote address of the virtual summit. merkel and macron follow. deutsche bank says it is conducting an internal probe after a report stated that it intentionally sold clients risky investments they did not understand. we are just under one hour away from the start of cash trading in europe. let's take a look at the futures picture this morning. we are looking at green arrows across the screen here. euro stoxx 50 futures up more than .5%. ftse futures getting point -- gaining .4%. green a

i'm anna edwards along with matt miller in berlin. matt: don't ditch the dollar. treasury yields hit their highest levels since march as morgan stanley takes the green its list of shorts. no resignation, no removal. mike pence signals he will continue to work with president trump as the house moves on impeachment. the f.b.i. warns of armed protests ahead of joe biden's inauguration. europe heads for a double dip recession. jpmorgan morgan and u.b.s. cut growth prospects for the start of 2021 as boris johnson warned he may tighten lockdown rules in england again. plus u.b.s. stands by its c.e.o. the swiss bank's chairman reit rates his support for raffle hall of famers after a probe of his -- hamers after his role in a money laundering scandal. just under an hour away from the start of cash trading in europe and the u.k.. take a look at the green on the screen in futures. they are not big numbers here. you see the ftse's futures going a little changed. but for the most part we're looking at gains of about 1/10 of 1% across europe. if you look at u.s. futures, we al

i am anna edwards in london alongside matt miller in berlin. matt: today, the market says keep those tabs open. stocks and futures continue to surge as loretta mester says more fiscal stimulus will not stop the fed printing cash. the cash trade is just one hour away. here are your top headlines from the bloomberg terminal. expectations for stimulus make it a risk on friday after u.s. stocks closed at record highs. treasury yields march higher as well ahead of the all important jobs report. donald trump condemns the storming of the u.s. capitol and pledges a smooth transition of power amid resignations and calls for his removal -- early removal from office. credit suisse expects to report a net loss for the fourth quarter of 2020 after upping provisions for soured loans by $850 million. its share buyback program starts next tuesday. we are just under one hour away from the start of cash equity trading in europe. let's take a look at futures after we closed at record highs yesterday in the u.s. and went higher in the asian trade overnight. we see

i am anna edwards live in london aside matt miller in berlin. matt: good morning. today, political risk drives the day. treasuries fall with u.s. futures as investors watched senate races in georgia, but european futures point to a positive open. the cash trade, an hour away. here are your top headlines. we have one down. networks report democrat raphael warnock wins one of the two georgia runoffs that will decide which party controls the u.s. senate. beijing tightens its grip. hong kong police arrest about 50 people, including a prominent american lawyer. it is the biggest crackdown yet under china's national security law, and saudi arabia surprises the market with a major oil production cut. crude touches a 10-month high. just an hour away from the start of cash trading in europe. in terms of european futures, we have green arrows. most european equity indexes were lower at the close yesterday with the exception of ftse futures, the highest, .9%. the nasdaq futures amidst the georgia vote count, getting crushed. see aore than 1% as we gain in dow jones industrial

alongside matt miller in berlin. matt: good morning. today, the markets say who is driving? e.u. new car sales slumped by the most. stocks and futures push higher but as bank of america and goldman sachs reported today, they will prepare for the important onset of earnings season. at the cash trading is less than one hour away and here are your top headlines from the bloomberg terminal. italian senate showdown. giuseppe conte wins a first vote of confidence but the real test comes today in the upper house of the senate. stimulus confirmation. janet yellen is set to tell the u.s. senate committee that it's time to act big on stimulus one day before the inauguration of joe biden. the euro goes global. the e.u. will today unveil a plan to strengthen the currency vying against the dollar for f x dominance. we are just under one hour away from the start of cash equity trading in europe. let's take a look at futures this morning after a day yesterday spent searching for some kind of direction. today, we are seeing futures up across the board with euro stoxx 50 futures getting .5%. dax

i'm anna edwards live in london alongside matt miller in berlin. matt: good morning.oday, the markets say mania contained. meme stocks soared in overnight trade but markets look set to slump ahead of gdp data from germany and spain. the cash trade is an hour away. these are your top headlines. robinhood's ceo tells bloomberg his company restricted buying of certain stocks to protect its own financial position. gamestop shares rallied back after hours as the broker reinstates a limited trading. the eu is set to tighten rules on the export of coronavirus vaccines, a major escalation amid a war of words with astrazeneca. and sap's quality tricks surges -- surges. we will speak with the ceo in just 30 minutes time. anna: let's get some breaking news. we've got numbers out from h&m. we are deep into earnings season in the u.s., here in europe as well and globally. q4 pretax, this is in swedish krona, 3.6 7 billion swedish krona. they say there is good prospects of a cash dividend. they still see in 2021 net new stores of about -- i think that's about -250. h&m to come back

i'm anna edwards along with matt miller in berlin. matt: don't ditch the dollar. hit their highest levels since march as morgan stanley takes the green back off