i am matt miller. ♪ matt: welcome back to bloomberg markets.popularity of cryptocurrency rises, continues to rise, bermuda is getting into the action and planning to a comprehensive trip to payment service that uses a digitalized version of the digital dollar. joining me to talk about that and the recovery of the covid crisis is david burt. let me talk to you about your experience during the crisis and what your recovery is looking like right now. david: we benefit from a very robust regime. how we use technology is completely anonymous. we are using technology plus a good resumes we can keep this normal for the most part. matt: enter vaccine access, do you get it through the u.k.? david: we do certainly. we want to vaccinate one third of our population by next month and we have enough vaccines to do that. as of last week we were the top three nations -- we were one of the top three nations. we will be able to have 40,000 doses administered for a population of just over 60,000 by the end of next month. matt: what is the recovery -- why is the r

that interview with matt miller coming up. we also have other results coming out. matt: we had the santander numbers. this is the lady who is reassuring the market on capital. she has capital above 12% for the first time. she is reassuring the market on the dividend story. they are prepared to pay out a dividend. it would be cash, depending on the ecb. the top red headline is the restructuring that continues at santander. of course, a brutal fourth quarter in terms of net income. a miss by more than 110 million euros. this is the institution that agreed to cut 3600 jobs in december. branches in spain. this narrative of restructuring is one that will be explained more cogently, the first ever loss at that institution last year in the second quarter, writing down the u.k. assets. there is only one story which is dominating the headlines as the most read. when do you decide to go? jeff bezos is going to chairmanship. his successor, the man who brings home the bacon, aws, cloud services. $6.7 billion. the man who is building the alpha within amazon. annmarie: certainly

tom: matt miller, from where you said, have the facts changed enough for those two dinosaurs mate? tt: i don't thinks of this commerzbank last year lost 2.9 million euros while deutsche bank eked out a prophet. they don't want to get in bed with a bank that is going to drag them down like that. unless the rates resume changes, that could be affecting change that would change the story, and when these loan loss provisions start to come down, we don't see a lot of bankruptcies this year, which lead -- which we like they're going to see, i don't think they're getting together. francine: how is germany doing? of course it is trading, there is momentum, but also rely on day-to-day transaction businesses of german companies. what is the overall mood like in germany? let's remember it is also election-year. matt: germany is doing quite well. the big story here is kind of in the weeds. my producer is working on a story around the debt break. that is inside baseball if you're not inside germany but the idea is typically germans are very conservative, don't want to spend too much, instantly d

i'm matt miller. this is bloomberg. it is time for stock of the hour.y prices are spiking up as texas battles a record cold snap that has caused a cascade of power outages and road accidents. abigail doolittle has a look. abigail: not surprisingly, with the energy crisis in texas and the planes, the energy sector is on top. occidental petroleum one of the top stocks of the day really soaring. energy up 20% this year. we have about 5 million people in texas and the plains without power. i was just reading an article, some are in their cars trying to stay warm. even spilled over into mexico. relative to the power production that is off-line, it equates to about 20%, a pretty big chunk given the population. 5 million folks or so without power. not surprisingly, this is good for some of the commodity markets, not just oil, but natural gas. gas is soaring over the past couple of months. up 14%. today, 6%. this on the possibility that there will be less around as production plummets by about 20%. what else is surging? when you have demand outstripping supply,

i'm matt miller alongside amber kanwar.ing at an incredible run-up in the 10 year yield. 148 is where it is right now. we've gone as high as 160 today. and as low as 137. that is quite a range. just two weeks ago, we were looking at 120. a big jump in rates. that is the reason you see the big drop in equity indexes. it is basically sell everything day, with investors getting rid of equities, getting rid of bonds. they are selling of gold at 1775, selling off oil at $66 a barrel for brent crude. pretty much everything except the dollar is doing quite well, even the euro is coming back down. a lot of action in this market. we will continue to keep you updated on all of the moves. now, amber, do you use zillow? amber: yeah, i'm pretty much on all of the apps. i'm in the market. so i'm looking at everything. matt: yeah, i have to agree with you. at least, i'm in the market too, looking for a place around westchester. but i only use zero -- use zillow. it is pretty much the only app i have come to rely on, even when i'm apartmen

. >> it is interesting, renee, i played sound from matt miller who was on hair lee harry will itman's podcast. e harry will itman's podcast. if they are bringing up donald trump's name over and over again and trying to put him at the forefront that will desubtract from that messages. if they wanted to be done with president trump they lost their last best chance to advantage wish him yesterday. instead of flexing they flinched and allowed donald trump to remain a player in the republican party. frankly, i am not convinced there is that much of a decide in the party. it is the most bipartisan impeachment vote. that's true, but only seven voted to convict him despite mountains of evidence that he was guilty. if republicans was serious about this, if mitch mcconnell was serious about this he would have done more, which is to whip that party into shape and say we have got the cut ourselves loose from donald trump. by acquitting him they shackled himselves to them. in the end they did not act like the law and order party they always claim to be but like a lawless gang that refused to give

i'm matt miller.omething that caught my eye today was hong kong traders shocked as the financial hub raised its tax on stock trades. for the first time since 1993, up to 13 basis points from 10 basis points but it changed to 8.8% and the hang seng fell 3%. this is a great chart, 1256 in the terminal, that shows the selloff. was that overdone as some banks, including ubs and credit suisse, strengthened the chinese position? backup north to the united kingdom, the city of london has historically been a global financial hub, but breaks it has thrown that -- brexit has thrown that stata center question. now many are saying rule changes could make fax the answer. let's ask xavier rolet, the nonexecutive chairman of capital markets at short capital, why he thinks that is the case. thank you for joining us on bloomberg markets. what is it about fax that you think will be helpful? how do you attract them to the shores of the u.k.? xavier: thanks for having me on your show. thanks are actually not a new form.

i am matt miller alongside amanda lange.s been excited about this story, at least my gearhead friends who are also robin hood addicts because here you have a challenger to tesla who was going to be like tesla. the problem is, they said that when they confirmed the deal that there pushing production back. so not only can you not buy the car, and they are going to be earning $10 billion over the next few years. amanda: it is where you get this jumpiness right now. in this case, i feel like the momentum of this market, the timing was bad. if it had hit on another day, this is not a day or maybe even a we go to for this kind of news. matt: to be fair, there are some smart people involved with this fact, not just michael klein, but alan mullally. if you could turn onto that -- listlessness into the exclusive -- let's listen in to the exclusive interview. >> took him out and drove the car, loved it, very first car for the production line. we had a very good meeting of lines. we recognize, peter, why are you pushing like crazy for

i am matt miller and welcome to "bloomberg markets.hese are the top stories from around the world. we are following 13 apps, confirming the covid pauses over. activists are fully funded, helping and moving portfolios. what is ahead for 2021? we will ask jim rossman. the deep-freeze that has forced the shutdown of u.s. refineries, oil wells and meat plants is leaving more than 3 million customers without electricity in the u.s.. it may keep parts of texas in the dark for several days. we will give you the latest. the big coin boom continues -- bitcoin boom continues. we will talk with antoni trenchev, he predicted $50,000 for bitcoin last january when it was only trading for $7,000. we will see where he things it is heading next. a quick look at the markets. a little bit of a pullback, a pause in terms of the ride. we said yesterday the longest winning streak we had seen for global stocks in 17 years. that has come to an end. equity indexes pulling back a little bit. here is the s&p 500. down about 15 points. 3917. we are about 82 point

matt miller, and kailey leinz. i am francine lacqua, with matt miller and kailey leinz. these are the top stories we are following today. u.s. lawmakers grill the key players in the gamestop frenzy. in the five-hour hearing, the robinhood chief executive, vlad tenev, takes most of the heat. a vaccine surge is coming. bloomberg analysis finds that america's rollout is about to get a big boost. but what about those left behind? welcome to bloomberg surveillance, the early edition. president joe biden is

i'm matt miller here in berlin. today, the markets say take a breath.ssess the impact of a bond selloff on other assets. the reflation trade has powered markets from copper to bitcoin. the cash trade is less than an hour away. here are your top headlines from the bloomberg terminal. reflation bets sink bonds.

matt miller, and kailey leinz. live from london, i am francine lacqua, with matt miller and kailey leinz. these are the top stories we are following today. u.s. lawmakers grill the key players in the gamestop frenzy. in the five-hour hearing, the robinhood chief executive, vlad tenev, takes most of the heat. a vaccine surge is coming. bloomberg analysis finds that america's rollout is about to get a big boost. but what about those left behind? welcome to bloomberg surveillance, the early edition. president joe biden is ditching president trump's america first approach. he will portray collective action as essential. we are getting headlines crossing the bloomberg terminal, wanting to discuss iran, russia, afghanistan. interesting to have some of his thoughts on china, saying he doesn't want competition, or he wants competition but not confrontation. although we have been hearing that this administration could be just as hard in substance, if not in tone, with china. matt: to be fair, the wheels are already turning

tom: matt miller is going 55, 57 times.onathan: i remember when matt miller bought pizza for a bitcoin a decade ago. [laughter] matt could have retired. good morning for our audience worldwide. a fired up abramowicz this morning. this will be fun. someone's getting hit. on sirius xm channel 119, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. there's never been a day like this in the senate. donald trump faces an unprecedented second impeachment trial beginning today. it will start with a debate on whether the proceeding is constitutional. tomorrow, the house impeachment managers and trump's defense team each will begin up to 16 hours of presentation. the former president is virtually assured of acquittal. it would take a 2/3 majority to get a conviction. in myanmar, police fired rubber bullets, tear gas, and water cannons at crowds. b and marv -- myanmar's military leader has publicly defended his actions, claiming the election was tainted by voter fraud. tesla revealed that it had bought $1.5 bill

taylor: i'm taylor riggs in for matt miller.ere are some of the top stories from around the world. markets with resilience closing out the week, one day after a bruising selloff, sparked by fears that inflation rates rising. we speak with danny meyer, the founder of the union square hospitality group who stock started trading he is our guest later this hour. just how bad is covid-19 for the travel business? we speak to travel and leisure ceo michael brown on his outlook. first we have to look at the market. what a week it has been. it is finally friday. amber: i am getting a little recovery on the u.s. markets. looking at the s&p 500, a little bit of a comeback from the selloff we saw yesterday. this is the -- as the pressure in the bond market starts to abate. tech stocks rallying, in part driven by earnings significant on the back of the quarterly results. commodities, a pause on the reflation trade, reflected in the energy stocks pulling back. what a week. let's just reflect not only on the week of the past two months, partic

let's bring in former justice department spokesman, matt miller. and andrew weissman.ection. he was general council under mueller. gentlemen, good morning to you both. andrew, let me begin with you. how significant is this? what does it mean as a man hat an district attorney and is it a success for donald trump who kicked the can down the road passed his presidency? >> well, starting with your last question, it's certainly been a success in that it's been a year and a half since the manhattan district attorney issued its grand jury subpoena for these accounting records. that was issued in august of 2019. so that is quite a long time. however, looking at it from today's perspective, this basically means the manhattan district attorney's office has a green light. they will get those documents, and those documents can be key to making a financial case. i should say in light of your -- you know, the first report you have here, it's hard not to anal guise to al capone because you have the major story of 500,000 deaths, many of those preventable. and what we're talking about

was that matt miller that was talking there? i think so?ake because we know trump doesn't have the megaphone he once had, twitter, and so much of his directions to his followers came on twitter, basically. nonetheless there is a sphere of folks in the republican party, the mitch mcconnells who seemed like he wanted to disassociate himself from trump during the vote yesterday. and then lindsey graham who is going golfing with him in the coming days. >> it is important to have three different voices around a round table. they are diverse. it's not an amen corpsous. they can be from different realms. it is typical to have a senator, a congressman a governor, a very prominent journalist and say a policy person f. the vibe is right -- that's my job -- it can really sort of soar. it is 40 minutes of discussion that i think is little looser and more dynamic. the conceit here is that we are all in our favorite booth in our favorite bar in the back and really being candid. you know, we get a lot of great reviews but the ones that gratify me the most

matt: i'm matt miller. amanda, happy friday.i'm glad we are joined by our bloomberg audience is -- bnn and bloomberg audience is -- audiences. a big freeze, big damage. in just a moment, we will speak to the ceo of cantor fitzgerald. we will talk about the robinhood hearing and the continue to boom . we will hear from the cofounder and ceo of 3d printing manufacturer desktop metal. they just announced a new acquisition. amanda? amanda: we are watching markets just a little bit. they have been in positive and negative territory. back in negative territory. it is industrials that are really the focus today. caterpillar up 4%. then applied materials. all trading higher on results. applied materials up 6% today. still some believers. markets are still close to records even as they try to little bit weak here. keeping our eye on the news flow they have to face. lately, it has been earnings. a bit of a selloff in the price of oil maybe on the hope and expectation that things are improving -- improving in texas. for oil companies, it m

alongside matt miller in berlin. matt: good morning. the markets say inflation is back. u.s.quities closed at records and break evens hit a six-year high. how long before equities will start to feel the heat? the cash trade is an hour away. here are your top headlines from the bloomberg terminal. bitcoin surges to a new record after elon musk puts his money where his mouth is or rather tesla's money where his mouth is. mike novogratz sees it more than doubling to $100,000 by year end. hunting for yield. u.s. junk bonds drop below 4%. and the e.c.b. president christine lagarde pledges monetary support among significant downside risk from the coronavirus. let's take a look first off at some breaking earnings news we got from a french oil major total is out with fourth quarter income. they earned $1.3 billion in net income. the stimwas for $1.14 billion. better than analysts had anticipated. total is saying 2021 net investments at $12 billion after having invested $13 billion in the year 2020 and it proposes a change in name to total energies. maybe that is the that i think the

is back, also joining us, eugene daniels, and matt miller is here, former chief spokesman for the justice analyst. i'm going to start with you, and this idea that the threat is not behind us, it is very much ahead of us seems to be the one that puts the posture and the language and the conduct of republican senators and house members under the harshest light. what do you make of how serious she testified to the threat being around a joint address to congress that hasn't been scheduled yet from the new president, and the reaction from republicans, which is really around small ball partisan political issues, not around addressing the threat. >> you know, it's the most chilling part of this entire incident because as long as the big lie that is underneath the insurrection of january 6th is still out there and still exists and still continues to poison the dialogue, you are still going to have the threat of people who want to carry out violence on behalf of the president, and that big lie has still never really been retracted in any meaningful way, certainly not by donald trump, but not even

. >> joining our conversation, msnbc justice and security analyst, our friend matt miller is back, formerny times when the center of the political universe became georgia, and your beat. it now seems that it's possible that one of the centers of donald trump's ongoing continued legal problems could once again be georgia. >> yeah, you're exactly right, and fani willis, the fulton county district attorney, is about to become probably the most watched local prosecutor in the nation because of this investigation. and while you mentioned it centers on that famous phone call the president -- former president trump made to brad raffensperger, the secretary of state, asking him to find enough votes to overturn the election, it's also broader than that. it also involves what we think involves president trump's former president trump's attempts to convince governor kemp to call a special session to reverse the election outcome, to pressure other state officials to reverse the -- his defeat in georgia. and potentially other parts of the investigation that could involve rudy giuliani, his lawyer, and

alongside matt miller in berlin. matt: good morning. the markets say inflation is back. u.s. at records and break evens hit a six-year high. how long before equities will start to feel the heat? the cash trade is an hour away. here are your top

i am anna edwards alongside matt miller in berlin. matt: good morning.markets say the only way is up. stocks rise as the vaccine rollout spurs hopes for a global recovery. wti rises amid a deep freeze in part of america. the u.s. market is closed today

bloomberg's matt miller takes a look at where bitcoin could go from here. than a cent. now, millions of times higher, but what about bitcoin's future? >> our fundamental work shows bitcoin should be worth about $400,000. >> it doesn't at any fundamental value. matt: people in the know don't just seem to know where it is heading next. once the province of nerds, libertarians, and drug dealers, today, the $1 trillion market is drawing millions, from hedge funds and wall street giants. bitcoin isn't the only crypto game in town, but it is the biggest and the best known. bitcoins first mega run was in 2017, rising from under $1000 almost $20,000, but then it fell off a cliff. it was mostly retail traders back then as many in finance wooden strata bitcoin in a hazmat suit. >> if we ever traded bitcoin, i'd fire them in a second. for two reasons. is against our rules and they are stupid. matt:matt: today, it is gaining respectability. you can trade bitcoin futures and jp morgan think that will hit sigs digits but the most famous cryptocurrency -- six digits but t

i'm anna edwards alongside matt miller in berlin. matt: good morning.ts say can't stop, won't stop. global stocks hit fresh records as futures point to big gains at the open. an tom brady list the super bowl trophy for a record seventh time, wi t

i'm anna edwards, live in london, alongside matt miller in berlin. matt: good morning.much for the retail revolt, just a week after gamestop's 1000% surge cost hedge funds brilliance -- billions, it seems to gain a little, sicll

i am anna edwards live in london alongside matt miller in berlin. matt: good morning.ay what is the next wave to ride? weed stocks slump after another wall street bet retail rally. an asian sexson hold for the lunardi i don't remember new year. here are

i am anna edwards alongside matt miller in berlin. today, the markets say it might be time to bail. a three-day rally in global stocks fades as earnings role in but european futures are all trading higher. the cash trading is just one hour away. here are

i'm anna edwards in london alongside matt miller in berlin. markets say it is another manic monday. futures point to gains at the open as traders brace for another week of reddit fueled volatility. the cash trade is an hour away. here are your t

i am matt miller in berlin.ts say it is time to weigh the implications of the recent jump in treasury yields for equities and the slump that followed. it's a big day for corporate earnings in europe. the cash trade is less than an hour away. here are your top headlines. credit suisse posts a lower-than-expected loss, a smaller than expected loss. it's a relief to ceo thomas gottstein after the first year in charge. we hear from him shortly. stocks fall as the chinese rally falters. oil rises, though, as the u.s. deep-freeze continues to hurt output. barclays earnings break eminently. we will speak to the bank's ceo, jes staley, plus, the chief executives of nestlÉ, daimler, and airbus. let's take a quick look at futures this morning after the drops that we saw yesterday. we see not a lot of direction today. ftse futures up 0.1 percent, dax futures down just marginally. if you take a look at u.s. futures after the mixed picture in their cash close yesterday, you will see red a

i am matt miller in berlin. markets say, retreat. wall street declined. of global shares heads for its first weekly ball since january. futures are up in europe. the cash

matt miller spoke with the company's earnings. >> it is a goodwill association with legacy acquisitions15 years ago. it does not affect the strength of our underlying business which performed in a solid way. underlying was $5 billion. we took 60% increasing provisions for covid. again, in the bigger context we did this by growing our customers and our revenues which aligned with 2019. customer satisfaction high. 47% cost income. we are able to do this because of our mobile growth. digital investments are paying off and supporting 6 million customers. it has been a challenging year. but we have delivered solid results. we are well placed for 2021. >> in terms of the lending, we have heard regulators and nobel prize-winning economists warned about a cascade of bankruptcies to come. on the other hand, we have seen bank after bank telegraphing a r osier forecast. how do you square that circle? >> banks have done a huge amount of work in the last few years. we have really increased the sector's capital by a large amount. in our case, capital has increased by 70%. we have transformed our busi

i am anna edwards in london alongside matt miller in berlin.y, the markets say inflation, what in inflation? u.s. cpi data fuels the debate over price pressures as the stock rally pauses. asian markets are closed for the lunar new year. the cash trade is one hour away. here

tom: matt miller talking up the tens spread. i have no idea what that is. so jon, should we go to a point right now where we are not correcting and just explaining? [laughter] jonathan: just explaining. lisa explains what to look for for the rest of the week. lisa: i am never going to live that down. i will explain to you that at 8:45 a.m., christine lagarde will be speaking at the european semester conference. very interesting to hear what you have been talking about all morning. how do they respond to a tightening of financial conditions that does not stem from their fiscal plan, from their covid-19 vaccination rollout, and the fact that this could allow longer-term growth to pick up? at 11:00, janet yellen speaking at a "new york times" conference on overheating. she talks about how there is a bigger risk of undershooting at this point that overshooting. also very interesting, the relationship between the treasury and the fed as yields go up. how much are they relying on the fed to suppress those yields? at 1:00 p.m., the house budget committee will take

i'm anna edwards alongside matt miller. matt: today, the markets say the reflation trade is back, with the reddit rumble out of the way , cyclical stocks outperform once again. a european equity futures point to a positive open. the cash trade is an hour away. these are your top headlines from the terminal. a new age for ammon on -- amazon. jeff bezos step down as ceo. he will become executive chairman and he is succeeded by the cloud computing head andy jassy. italy has a new hope. former ecb president mario draghi is tapped to become the next prime minister. he meets with the president today. santander takes a $1.4 billion charge in the fourth quarter amid job cuts and branch closures. we will speak to the chairman. just under an hour away from the start of cash equity trading in europe. take a look at the gains we are seeing in equity index futures. the strength that we saw an hour ago, euro stoxx 50 futures up only .5 percent, ftse futures gaining .3%. in terms of u.s. futures, we see green arrows across the board. about

. >> you know, matt miller, it falls in the shocking and horrifying yet not entirely surprising categorystone might be under investigation for conspiring with the insurrectionists. but it seems that the opposite of not politicizing the justice department isn't ignoring all the president's friends who committed crimes. >> no, exactly. you have to follow the evidence wherever it takes you. that's true whether they are friends of the president, allies of the president or opponents of the president. as is the case here. i think this is important reporting, and it's gratifying to see that the department is taking this seriously and focused not just on the people who entered the capitol that day and the people who committed violent acts against law enforcement officers but whether there is anyone else responsible for the planning, for the execution, for encouragement, you know, it's one of the, i thought, the most salient points the house impeachment managers made in their final closing arguments which is that donald trump thought that he could get away with this and that he would never be hel

david: that was the ceo of siemens they're speaking with matt miller.oming up, now that the gamestop frenzy has slowed down, the sec hunting for fraud. that's next. this is bloomberg. david: you are watching "bloomberg markets: asia." bloomberg news has learned the sec is combing social media and messaging platforms for signs of fraud that may have played a role in the surge in gamestop, amc, and other companies. we know they are starting to look into perhaps signs of market manipulation. are they finding any? su: we cannot possibly know that because they have just begun. there's indications this kind of scrutiny could take many months if not more than a year. the scrutiny, we should point out, is part of a broader look into market turmoil and comes as the treasury has called on regulators to address recent market volatility, and if what we were seeing is consistent with a fair marketplace. as we know, gamestop and other previously unloved stocks shot to the moon, fueled by social media, mainly platforms on reddit, and an army of traders. they say they'

i'm anna edwards alongside matt miller in berlin. matt: good morning.oday, the markets say can't stop, won't stop. global stocks hit fresh records as futures point to big gains at the open. an tom brady list the super bowl trophy for a record seventh time, with the tampa bay buccaneers. the cash trade is an hour away. here are your top headlines. no need for a slow recovery. janet yellen hits the talk shows with a clear message: the u.s. needs big stimulus to get the economy back on track quickly. yields creep higher. m&a monday, dialogue confirms it in talks for a $6 billion to cover from japan's renaissance and veolia turns hostile in its pursuit of suez, france. and renaissance technologies is hit by $5 billion of redemption since the first of december last year. the walkout comes as the firm's double digit losses for funds in 2020. just under an hour away from the start of cash equity trading in europe. let's look at futures this morning. we see the gains you would expect after so much emphasis is put on pushing through the $1.9 trillion stimulus pl

i am anna edwards alongside matt miller in berlin. matt: good morning. today, the markets say the only way is up. stocks rise as the vaccine rollout spurs hopes for a global recovery. wti rises amid a deep freeze in part of america. the u.s. market is closed today for president's day. the cash trade here is just one hour away. these are your top stories from the bloomberg terminal. global stocks start the week with a bang. the nikkei has 30,000 for the first time since 1990. u.s. and european futures are on the rise. bitcoins relentless rally stalls for a moment after widening wall street approval sends the cryptocurrency to new heights yesterday. it closed sunday around $50,000 for the first time ever. and the u.k. hits its 15 million vaccination target, a milestone that is set to increase pressure on boris to begin reopening the economy. now just one hour away from the start of cash equity trading in europe and let's take a look at futures this morning. first off, in europe here, pull out the euro stoxx 50 futures, gaining .6%. ftse futures up .8% and

i'm anna edwards in london alongside matt miller in berlin. matt: markets say it is another manic monday. futures point to gains at the open as traders brace for another week of reddit fueled volatility. the cash trade is an hour away. here are your top headlines from the terminal. silver spikes, retail investors swarm into their biggest target yet, sending the precious metal to a five-month high. meanwhile, astrazeneca ups vaccine delivery to the eu as the bloc tries to give its rollout a boost and julius baer boosts its share buyback. profit and assets surged as the wealth asset manager, we speak to the ceo in 30 minutes. an hour away from cash equity trading across europe and in the u.k., look at futures, pointing to the upside, so even as we have retail investors from various social media platforms swarming in to silver, taking on not only the big gas -- biggest asset yet, but a huge market, it doesn't look like investors are being forced to sell longs across the board in a way that is expected to hit markets. we don't know until the cash t

i am anna edwards live in london alongside matt miller in berlin. matt: good morning.ay the markets say what is the next wave to ride? weed stocks slump after another wall street bet retail rally. an asian sexson hold for the lunardi i don't remember new year. here are your top headlines from the bloomberg terminal. u.s. stocks eek out another all-time record high after jobs data shows a slight recovery. call option volumes go parabolic, another sign of frenzy. president joe biden says the united states has clinched deals for 200 million more vaccine doses. australia sends a state into a snap five-day lock down. dragi wins the backing of the biggest force in italy's parliament as prepares to form a new government with broad support. anna: the headlines for you. we have the g.d.p. number year on year coming in at minus 7.8% for the fourth quarter. taking the fourth quarter as a whole rather than just december. that looks a little better than anticipated. you can see that in the quarter on quarter number as well. that is plus one%. the estimate was for an increase of a h

i'm anna edwards, live in london, alongside matt miller in berlin. matt: good morning.he markets say so much for the retail revolt, just a week after gamestop's 1000% surge cost hedge funds brilliance -- billions, it seems to gain a little, sickly dollars in extended trading. futures in europe -- futures in europe are trending higher. these are your top headlines from the bloomberg terminal. germany and france warned against easing coronavirus restrictions too soon. bubble stocks flirt with all-time highs as market attention turns to january's u.s. jobs number. janet yellen says market infrastructure has been resilient during the gamestop frenzy as the stocks collapsed 80% over the last four days. but esther george warns bloomberg vigilance is key. and bnp paribas debt trading revenue misses analyst estimates as it signals an uncertain outlook amid the pandemic. we'll talk about european bank earnings this hour. just about 58 minutes away from the start of cash equity trading in europe and the u.k. take a look at futures. the gains are slight in some areas. for example,

i am anna edwards alongside matt miller in berlin. matt: today, the markets say it might be time to bail. a three-day rally in global stocks fades as earnings role in but european futures are all trading higher. the cash trading is just one hour away. here are your top headlines from the bloomberg terminal. deutsche's's bumper numbers. the bank boosts its first -- process its first annual profit in six years as fixed income trading boosts revenue 17%. we will bring you our interview with the cfo. that comes amid a huge day for corporate results. we will hear from the ceo is shallow, unilever, and roche on this network today and u.k. officials say the latest virus wave has peaked. attention turns to the bank of england for today's decision. just under one hour away from the start of cash trading across europe and in the u.k. we are looking at futures that are up across the board, as i said. is it time to bail? at least in europe, it looks like you could be in for a risk on open. with ftse futures up .1%. there is a mixed picture when yo

i am anna edwards in london alongside matt miller in berlin. manus: today, the markets say inflation, what in inflation? u.s. cpi data fuels the debate over price pressures as the stock rally pauses. asian markets are closed for the lunar new year. the cash trade is one hour away. here are your top headlines from the bloomberg terminal. jay powell turns his focus to the labor markets, calling for a societywide push for jobs. joe biden holds his first call with xi jinping as u.s. president and raises concern over coercive and unfair economic actresses and it's another big day for bank earnings. unicredit posts bigger than expected fourth-quarter loss. commerce bank warrants revenue is likely to shrink this year. we will speak with thcfo shortl. i want to quickly bring you royal dutch shell earnings coming across the ticker as we speak. we are seeing the company say it expects to retain its near-term annual cash of 19 to $22 billion so the question is one that we put often to -- and they plan to maintain underlying operating expenses of no more t

rishaad: let's have a look -- that was the shell ceo speaking to matt miller and anna edwards.'s have a look at what is going on with the regional markets. following record highs coming out of wall street. we had s&p many moving to record highs. shanghai is up. shrugging off some of the bad news coming out of the economy. we have the kospi up. a quick look at japanese activities. japan household cutting spending, edging down. this is before the spread of the coronavirus. a state of emergency has been cold. downward trajectory with retail spending. the topics up. yen has continued to weaken. let's have a brief look at some of the comedies making waves. certainly carmakers have been very much at the four. shares of these automakers up following a nikkei report apple is in talks with six automakers in its development of electric vehicles. mazda, surging after boosting its operating income. ntt data, offloading one of the companies there. at the moment, up 9.4%. there we go. beating estimates in the third quarter. this is bloomberg. ♪ juliette: it is 1029 time -- cor inna: i'm cori

i am matt miller in berlin. markets say, retreat. wall street declined. a gauge of global shares heads for its first weekly ball since january. futures are up in europe. the cash trade is an hour away. here are your headlines. global stocks follow wall street lower amid the focus on bond yields. will dips below $60 a barrel -- wells resume their production in texas. u.s. vaccine supply set to double in the coming weeks. janet yellen pushed the need for big stimulus despite strong retail sales and stock valuations. and robinhood's ceo bears the brunt of a congressional hearing on last month's stock frenzy. everyone pronounced his name wrong over and over again. we will bring you the latest from washington dc. we are an hour away from the start of cash equity trading. heading for a weekly drop in global stocks. a lot of non-european indexes down work closed down. we are looking at futures higher for europe stocks, little changed. in terms of what we see in u.s. futures, let's look at the u.s. board. they are also all little changed, although slightly to the

i'm matt miller here in berlin. today, the markets say take a breath. investors assess the impact of a bond selloff on other assets. the reflation trade has powered markets from copper to bitcoin. the cash trade is less than an hour away. here are your top headlines from the bloomberg terminal. reflation bets sink bonds. this, as rising energy costs under the prospect of more stimulus raise the specter of accelerating inflation. wti, nymex crude oil hovers at $60 a barrel a freezing temperatures and power crisess take out around a third of u.s. crude production, and lockdowns hit luxury. gucci sales dropped 10%, ending years of growth amid renewed restrictions across europe and in the u.k. just under an hour away from cash trading in europe. a bit of a mixed picture. little movement on the euro stoxx 50 futures contract or dax futures. you see ftse futures rising a little as the pound loses strength. i should say, i should caveat that with losing strength from a relatively high position. 138.83 is the dollar cost of a british pound -- 1.3883 is the doll

i am matt miller in berlin. we want to take a look first of at futures.really no movement. but that could change throughout the day as we start to see rates move around. let's get the bloomberg first word news. for that, we go to laura wright in london. laura: one thing to spend time on, the vaccine from pfizer and biontech leads to fewer antibodies against the south african variant of the coronavirus but it is unclear what this means for protections against the mutation. there is no real-world evidence that the variants can elude their shots. federal reserve staffers gave a potentially more concerning assessment of financial stability risks than their boss, jerome powell. speaking to reporters after the last policy meeting, he described the vulnerabilities as moderate. according to the minutes, officials were less optimistic, describing risks to financial stability as notable. coronavirus infections have fallen significantly in recent weeks, a boost to the u.k. as prime minister boris johnson ways how to reopen the economy. according to a study by imperi

miller. thank you so much for getting up so early with us this morning on this really important story, matt.ver see it, but if there's something in there that actually leads to a trial and is introduced as evidence, we could. what are the different ways that this case could play out from here? >> so, what will happen next is that cy vance and his investigators will get their hands on these tax returns and be able to look through them, looking for details to see whether they can prove that the former president committed either tax fraud or bank fraud or insurance fraud. these are essentially the documents they would need to prove that case. we will only ever see them, if that case ever goes forward and the president is, in fact, prosecuted and that case goes to trial and we see it either in an indictment or we see them introduced as evidence at trial. other than that, these documents will stay completely secret. and i want to add one thing that i think a lot of people are getting wrong here, casting this as a real blow to donald trump. i think it's important to realize that the president's le

other people will be looking forward to the president, matt, speaking, i have to ask you, after you spoke to the president, do you think stephen miller'she president will stick with? he will speak over an hour, right? >> he has never not spoken for well over an hour. one year he almost spoke 2 1/2 hours. i think i had to go to the bathroom twice during that speech, brian, not being a young man. the problem with stephen's job on fox the other day trying to say what the president will say, one of the reasons people admire, like the president so much and miss him, he thinks about what he is going to say right until he starts saying it. i think he is talking to advisors. people he trusts. trying to ask where should i go with this speech? he knows it's a very, very important reset for him and for the country and for half the country and so many people here in this ballroom. brian: matt, when you have mitch mcconnell break from the former president, when you have liz cheney among leadership in the house break from the former president, stick with that stance, you have a divided conference. what can you do to bring it together? what is your m