michael bloomberg: yeah, going in the right direction.o henrique cardoso: i believe that the key question for human beings is the capacity to take decisions. freedom. you have to have choices. other members of the planet, animals? the fact is, a man can make a choice. man has awareness that they are choosing. they choose also, but not awareness. in our case, we can anticipate the future and make a choice. thomas friedman: 95% more on i enjoyed this life, is because i was born on this planet with this richness of flora, fauna, clean water and clean air, that is a huge part of what i enjoy about life. and god save us if we do not pass that on to our kids either. ted turner: let's say the human condition right now is like a baseball game. and if it was a baseball game, it would be the seventh inning, and we are down by two runs with two innings to go. that does not mean that we are beaten. we are way behind right now, we are behind the eight ball. but we have not lost yet. we have time, if we hold the other team right where they are. if we a

michael: this is bloomberg. ♪ ♪ michael: this is "bloomberg best." i am michael mckee.nue our global tour of the week's top business stories. may isu.k. where theresa preparg to negotiate britain's exit from the european union. this week, anticipation of a so-called hard brexit appear to have an impact on the pound. >> theresa may has signaled that immigration is one of the priorities in the brexit negotiation. u.k. prime minister said quote -- we will be able to have control of our borders and our -- but we dowant not want that to affect great britain businesses to trade with the e.u. >> the sterling is looking really negative this morning. it has kind of been a double low in the past couple of weeks since the recovery from the flash crash. we are seeing the bloomberg count in texas also breaking its clean, nice, upward trend since the flash crash. there is a lot of dollars uncertainty. it is looking quite bad after may's comments. >> japanese drugmaker cicada pharmaceutical will expand its footprint in america. -- footprint in the u.s.. . it is a $4.6 million deal the

michael: this is bloomberg. ♪ ♪ michael: this is "bloomberg best ." i am michael mckee. global tour of week's top business stories. theresa may is apparent to negotiate britain's exit from the european union. also, the anticipation of a hard brexit continue to have an impact on the pound. >> theresa may has signaled that immigration is one of the priorities in the brexit negotiation. she said that she will be able to have control of their borders and loss, but she does not want that to affect your -- great britain businesses to trade with the eu. >> the sterling is looking really negative this morning. it has kind of been a double low in the past couple of weeks since the recovery from the flash crash. we are seeing the bloomberg pound index is breaking its clean, upward trend since the flash crash. that is even more negative because there is a lot of dollar uncertainty lately. it is looking quite bad after theresa may's comments. japanese drugmaker cicada pharmaceutical will expand its footprint in america. it is a $4.6 million deal the company is expecting to close by

michael bloomberg. indeed. jain, thank you very much. we always like having you in the studio.. we will see you soon. goodbye. good morning. we got some topsy—turvy weather conditions across the country yesterday. last week's snow still just about lying to the tops of higher ground in scotland. a lot of cloud around, but look at the temperature. 12 degrees, incredibly mild for this time of year. a different story further south and east. there were some brief glimpses of sunshine across that kent coast, but it was cold with it, four orfive generally in the south—east corner. and that is because, the nearer the area of high pressure and the cold air that is coming from the near continent, at the same time, we've got the winds coming from a south—westerly direction in scotland, driving in this milder air. there will continue to be quite a lot of cloud, cloud thick enough for some drizzle. but not a cold start here to our day, but in the south—east corner, we're going to see temperatures hovering around freezing. but it will be quite a mucky start to the day, really, through scotla

michael: this is bloomberg. ♪ this is "bloomberg best." i michael mckee.'s continue our global tour tophe week's topped it -- business stories. theresa may is getting ready to negotiate the british exit from the european union. and anticipation of the so-called hard brexit appeared to have an impact on the pound. >> theresa may has signaled the beginning of control in immigration of lawmaking, leaving the single markets. the prime minister said that she would be able to have control of the borders and laws, but they want the best possible deals for u.k. companies to trade within the eu. i want to go straight to the bloomberg this morning. >> it's looking with a negative technically. as the cable broke support, it had been a double low in the last couple of weeks since the recovery after the flash crash. not only that, the pound index was also breaking its clean, nice, upward trend, which was even more negative. every cross is looking negative for sterling, technically. looking quite bad. >> a japanese drugmaker expanding its footprint in the u.s. oncology

bloomberg best." ♪ >> hello and welcome. i am michael mckee. is is "bloomberg best," your weekly review of the most important business news and analyst from bloomberg television from around the world. let's start with a day by day look at the top headlines. on monday, the spotlight fell on china contending once again with , an -- with volatility. >> fx reserves slumped by another $41 billion last month as the yuan tumbles. >> they have tools. >> how much more willing can they let these reserves drain? >> yeah, you can see that they are using -- they have acknowledged that in the reserve statement that they did use their foreign exchange pile to kind of defend the currency but they are also increasing the capital controls so you can probably expect more capital controls so they don't have to drain as much of the reserves, going forward. but you can only go so far on both fronts, right? >> without hurting confidence. >> right. let's look at the numbers. the reserves pile fell by another 41 billion u.s. dollars. that was in line with forecasts, but

bloomberg best" this week. thanks for watching. i'm michael mckee. ♪ the pound takes a hammering on reports theresa may is aiming for a so-called hard brexit. president-elect will trump shakes the foundation of transatlantic relations, dismissing the eu and calling nato obsolete. lineng takes a tough saying the one china policy is not possible. and korean prosecutors say they will decide whether to issue an arrest warrant for j wiley.

billionaire investor, warren buffett, carlos flynn, followed by jeff bezos, larry ellison, and michael bloomberg. >>> coming up, the oldest boomers have to start taking money out of their 401(k)s, whether they want to or not. the economic ripples that might cause. >>> the nation's third largest railroad csx reported earnings. will the rest the sector deliver when they report earnings? morgan takes look. >> rail results just got rolling. in total, four rail roads will release number this week including the union pacific, canadian pacific and kansas city southern. the stocks have ridden the stock rally. the effect for norfolk southern has gained double digits since the election thanks to improved production and prospects for infrastructure spending and deregulation. the outlier, kansas city southern, which has fallen 9% on trump's tough trade rhetoric with mexico. analysts say they'll be watching on pricing and volume which for the first time in nearly two years, are growing. >> they expect a pricing increase over the next six to 12 months. but more importantly, it marks the first time since the f

know, michael bloomberg in 2011, in 2010 on the front page of the new york -- 50% of us who did not put in. people don't stand up to mr. bloomberg or mr. trump. he is following rudy giuliani because we have had a police state in new york city for 20 years. i don't want to go on. give me 10 seconds at the end. think you very much. word theearlier the game. you said the game in washington. i lived in washington for six years. i have a lot of trouble with the last guest because he was saying how bad the economy was, but it did not go over 40,000 now because of donald trump -- 20,000 now because of donald but during barack obama's the and the other thing is 10 seconds i need is for the judge who now put a temporary banning.n against the those seven countries are the seven countries listed by the new american century in 1997 and the carlyle group that was involved in the bush dick cheney shift. people are not calling out the fact that we went from having a dictatorship to the so-called s that thenalist british prime minister mentioned the other day and her talk that is really global imperial

michael bloomberg grew up poor in massachusetts, worked so incredibly hard, are you going to take ity from him? a mexican stockbroker who worked 15 hours a day, warren buffets father lost his job at the start of the the answer lies within the governments that are taking all of these wealthy people's taxes and misspending it. when you look at per capita spending, the u.s. does it the most and we have much lower grades than some other nations that are doing it smarter and better with incentives. >> tom: that's it. michael, these people have billions, but bill gates, the gates foundation, he spends his money so wisely. warren buffett gave all his money to him. >> the alternative is that should people have these money and give it out, or do they not want to have this money at all? they'd rather the poor be poor so the rich aren't as rich. inequality is a complete nonissue, , and frankly i beliee everyone on this stage has as much network as the bottom people on earth, people are desperately poor, and the alternative to one in ten people surviving on $2 a day is one in ten people not surv

sheldon adelson and spends a lot the koch brothers have 60 million michael bloomberg gives to democrats3 million. of the new cycle the big the nvironml activist has 73 million more than kochs. compared to the unions almost $2 billion you dwarf the kochs. warda you complaining about? >> billionaire verses billionaire does not help the doesn't matter what side but george soros would gladly get out of politics to support campaign finance reform. john: because the government is in charge. >> because they believe money corrupts the political process. john: look at the spending most assume republicans are richer but look at the numbers from the last election democratic party and the about campaign spent slightly more than the republican. >> that is the first time in my lifetime i think we don't like it when democrats play the same game. >> with the koch brothers i have spent time with both david and charles and they have paid me to speak at a few of their even said they gave the money to charities. issing fehr doing something terrible david is a more visible brother and once ran for office an

sheldon adelson and spends a lot the koch brothers have 60 million michael bloomberg gives to democrats more than kochs. compared to the unions almost $2 billion you dwarf the kochs. warda you complaining about? >> billionaire verses billionaire does not help the doesn't matter what side but george soros would gladly get out of politics to support campaign finance reform. john: because the government is in charge. >> because they believe money corrupts the political process. john: look at the spending most assume republicans are richer but look at the numbers from the last election democratic party and the about campaign spent slightly more than the republican. >> that is the first time in my lifetime i think we don't like it when democrats play the same game. >> with the koch brothers i have spent time with both david and charles and they have paid me to speak at a few of their even said they gave the money to charities. issing fehr doing something terrible david is a more visible brother and once ran for office and is in the society pages. charles stays in kansas to grow the company m

mark zuckerberg zuckerberg and bill gates and michael bloomberg. >>> the greatest show on earth closingts doors. ringling bros. and barnum & bailey with the last show in may. the ceo said high operating costs and low ticket sales is causing the closure. the circus hits about 115 cities each year. ringling bros. and barnum & bailey founded by five brothers in wisconsin. current owner feld entertainment bought the circus back in 1967. those elephants were a big draw. >> i love elephants. i'm not sure the circus was the right place. >> i did not grow up going to the kirccircus. >>> "early start" continues right now. >> developing overnight, donald trump suggesting the head of the cia is behind the leaks that caused a stir for the transition team. what did john brennan say that has trump in another showdown with intelligence four days before taking the oath? >>> and chinese media taking swipes at trump as amateur and arrogant. a wide range of problems you don't want to miss what he said. >>> and donald trump trying to set the record straight on the health care plan. promising coverage for a

ellison and microsoft's bill gates, amazon's jeff and wrren buffet and carlos slim of mexico and michael bloomberg and ortega. this group pictured here is worth $426 billion combined. >> inequality is definitely getting worse in countries and you're seeing the super rich in particular move away from the rest of society and that's really harmful. it harms politics and impact on brexit and the trump election and damaging to our society and lots of people think that but what they are not doing is turning that around. >> this information is from a report by an international federation of charitable organizations. they are presenting the information in switzerland. >>> two members of the popular bay area band tower of power remain in the hospital five days after being hit by a train in oakland. drummer david is recovering and the bass player is in critical condition. they were hit last thursday as they tried to cross tracks. fellow band members said the outpouring of love and support is amazing and urging fans to contribute to a go fund me account set up. there will also be a benefit concert tomorrow n

also on the list, warren buffet, amazon boss, jeff besos, mark zuckerberg, larry elison and michael bloombergtoday, we honor the late civil rights leader, dr. martin king jr., and up next, a look how we honor the legacy through service and call to action. >> and the way beer is sold in pennsylvania is about to change. the product you'll soon be able to buy at your neighborhood beer distributor. >>> well, sunshine at the shore and throughout the area after a cold start this morning. a live look from the camera in cape may. looks nice. a chilly one on the slopes, looks nice, too, but cold. this is a holiday for a lot of people, a busy one at the ski resort as we look live now, look at the slopes today. what's to come with our meteorologist, krystal? >> dry conditions, but chilly, very cold out there. here's a look at radar and satellite, what we see currently? clear across the board. we have a line of clouds to the southwest of us building in here as we get into the later afternoon, and your overnight, so we will see more clouds overnight. that'll help us stay not quite as cold tonight as we sa

ellison of oracle and michael bloomberg of bloomberg news. the report is aimed at eliminating income inequality across the globe. saying those eight men hold as much wealth as 3.6 billion people. the report meant to shock people into supporting their campaign to close that income inequality gap. pretty interesting numbers coming out there. we'll have much more on the website, abc7news.com. >> thank you. >>> the foreign ministry of oman announced this morning that it will accept ten inmates from the u.s. prison at guantanamo bay. the united arab emirates nation agreed to the move at the request of president obama. there are now 45 prisoners left. mr. obama has been trying to shrink the prisoner population because he hasn't been able to close gitmo out right. president-elect donald trump wants to keep it open and, quote, load it up with some bad dudes. >>> president-elect trump says his replacement plan for obamacare is nearly finished. he didn't giving details, other than to say it'll include health care for all. that is not sitting well with

the richest men include bill gates, warren buffett, michael bloomberg, collectively they're worth $426 turkish cargo plane has crashed in the village of kyrgyzstan. it's not clear how many people were on board. more than 30 people were killed. the boeing 747 was traveling from hong kong. at least 15 homes were destroyed. >>> it is the end of an era for ringling bros. and barnum and bailey circus. >> the one, the only, ringling bros. and barnum and bailey circus! the greatest show on earth! >> now the greatest show on earth is calling it quits. the company says ticket sales declined when they took the elephants out of the act. the circus will perform 30 more shows with its final act in may. >>> wrestler jimmy super fly has died. the worldwide westling hall of famer doing his signature move, flattening his opponents. westler dwayne "the rock" johnson announced the death. it's unclear how he died. >>> aaron rodgers is king of the long pass, king of the hail mary, well, he's just king. the packers beat the cowboys with a long pass and last second field goal and the steelers beat the cheese

bloomberg best" this week. thank you for watching. i am michael mckee. mberg. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. >> ♪ i-d-e-a, ideas ♪ ♪ narrator: sewing, weaving, wrapping, the labor of women are the heart of kimsooja's art.

michael, bloomberg, new york. manus: truer words were never uttered.en is still with us from daybreak euro. to 2017, itaking up is 6:52 a.m. and the fed is in play. what have you penciled in for the fed? stephen: the fed call is not my call but as a house, we are saying two. my question to you is simple. dollar, does it continue as the dominant trade in 2017? yes,en: for the first half but current account deficit will start to way on the dollar in the second half. in the first half, the dollar wins on almost every french. in terms of rate advantage, economic outlook, and so on and so forth. manus: do we add some stage begin to reconsider what a trillion dollars potential he -- potentially, fiscal stimulus could look like. you have capitol hill to deal with before you get a fiscal stimulus of that magnitude. stephen: that would be really big. and our economists are not expecting that. i would take even what we have seen in terms of the selloff already and the rising yields and the uncertainty going forward, there is room for a in thee in that move and d

. >> i've had, i've chatted with michael bloomberg and ross perot, secretary gates and rex tillersoneff sessions, and some of the people that have been eagle scouts. one of the things that rex tillerson has talked about is his experience in the northern tier in minnesota canoeing one summer. he was a little scout on an adventure expedition, and he couldn't carry his canoe from lake to lake. his brother scouts, who were three or four years older than him, helped him carry the canoe, they taught him how to carry it, and by the end of that 10-week expedition, he had the ability and the confidence to go out and carry that canoe and be a leader in that troupe and the confidence he received their as he will tell you, influence the rest of his life. >> jenna: nice to have an anecdote like that, it reminds us that they are real people trying to do extraordinary things. alvin, thank you so much for your time, appreciate your book, best of luck speaking at the naval academy. we will be right back with more "happening now" ." many people clean their dentures with toothpaste or plain water. and

as the poorest half of humanity -- and six of the eight billionaires are americans, including michael bloombergbill gates, warren buffett, and jeff b's those. oxfam said it is concerned wealth inequality will continue to grow following the election of donald trump's cabinet members of a combined wealth of nearly $11 billion. amy: for more we're joined by ward winning rolling stone journalist matt taibbi, who has been chronicling the rise of donald trump during the 2016 election campaign. in his new book just out today, he writes -- "it's an alice in wonderland story, in which a billionaire hedonist jumps down the rabbit hole of american politics and discovers a surreal world where each successive barrier to power collapses before him like magic." matt taibbi's book is titled "insane clown president: dispatches from the 2016 circus." friday, the inauguration of the 45th president, donald trump, is set. your thoughts, matt taibbi? >> i mean, it is unbelievable. i think this is unprecedented crisis heading into an inauguration week. this last twist at the end of what was already the craziest elect

wereany initiatives modeled on michael bloomberg's style of government. the obama era is behind us now. none of us in this room know what is in store for the age of 12. .rump >> it's not that we are better protecting the future, that line always been a bit hollow for me. -- bad at predicting the future. that line has always been a bit shallow for me. the test may help us anticipate the future. nothing quite fits. every candidate that tries to be reagan has tried to out reagan reagan. none has been elected to the presidency. what about the presidents for nato? the call for a police state in pockets of america. the flirtations with the klan. the appeals for loyalty tests. this will purge the federal government of black people. it will unleash the full power protect freeo speech and destroy the left. woodrow wilson was a man of great intellect. despite his many flaws, he earned them and honed his flaws within the boundaries of democratic institutions. trump has no such pedigree. anything, he behaves like a petulant child. he is an antisocial -- and that inte

michael mckee, bloomberg economics correspondent.that charlie rose interview tonight, six copy of, 10:00 p.m. -- 6:00 p.m. and 10:00 p.m. in new york. breaking news. trader -- former bond has been convicted. prosecutors say he lied to customers who sought to buy mortgage bonds at the best possible price, therefore a defrauding pension funds and retirement accounts. the trial began january 4. . the former jeffries managing director convicted for a second customers,rauding but only on one of 10 criminal counts. a federal jury in connecticut found him guilty of one and acquitted him on the nine other counts. this is bloomberg. ♪ live from london and new york, it is nothing like san francisco, is it, vonnie? vonnie: it has its own charm. we do have the east and west rivers. i'm vonnie quinn. this is bloomberg markets. here,it is zero degrees 33 fahrenheit. we will talk white house. checkld get to the data first. stocks falling today, rising over the weekend four weeks out of five. that is the winning run for the stoxx 600 today. the dax

so i should michael bloomberg's 40 hours or 40 hours or be worth $40 billion in wealth in somebody else's were 300,000 over the course of a lifetime. >> i have two questions. one of them is, you may may have talked about this, i was late. would you think about the way people have reacted to call -- in the way people are protesting in the black lives matter movement and another is i know this is an exactly the point of this talk but i was wondering what you think about the erasure and negativity towards the black trans and lgbtq community? >> thank you. you have a chapter called impure dissent. you to to take the first question? >> i can try. the chapter that daniel alluded to come i grew up listening to hip-hop music and its the perennial whipping boy, people are constantly attacking and there's many things to be said. but one of the things you find in the history of hip-hop are strange where people will engage in openly transgressing norms, upsetting people's expectations about what is appropriate to say or do. mixed with attempts to publicly condemn injustices mixed with expressions of

too many initiatives were modeled on michael bloomberg's fell of governments the mesh style of governance -- style of governance and not public policy. the obama era is behind us now. none of us in this room know what is in store for the age of trump. i'm not talking about the fact that we are bad about addicting the future. that line has always rung hollow to me. the problem we face is not that past for search the things that might help us anticipate the future. it is that nothing quite fits. think about it. most every republican candidate for president since reagan has tried to out-reagan reagan. not trump. even if all the demagogues throughout history none has been , elected to the presidency. what about the precedents for nativism and xenophobia? the call for a police state in pockets of america. the flirtations with the klan. the appeals for loyalty tests. wilsonian to be sure. purged the federal government of black people. it will unleash the full power of the feds to protect free speech and destroy the left. but woodrow wilson was a man of great intellect and introspection. despite

so why should michael bloomberg's 40 hours he worth $30 billion in wealth? and someone else's work 300,000 over the course of a lifetime. >> i have two questions. one of them is you might have talked about this, i'm sorry. what do you think about the way people have reacted to colin kaepernick kneeling and the way people have reacted to people protesting, in the black lives matter movement area and i know this isn't exactly the point of the whole talk but i was just wondering what do you think about the erasure and negativity towards the black trans and lgbt q community. >> thank you. tommie, you have a chapter called impure dissent area. >> so in the chapter danielle alluded to, i grew up on listening to hip-hop music and is one of the, it's one of the perennial whipping boys constantly attacking. and there are many things that could be said against some of it. one of the things that you find in the history of hip-hop are strains where people will engage in kind of openly transgressing norms. openly upsetting people's expectations about what it is to say or

michael moore from bloomberg news covers banks for us.t story today as their bonuslearn for will be smaller this year. stay with bloomberg television. up next, it is "surveillance." conversations with randy klausner and ericsson ceo sound good to you, then stick around for that, on this, and historic day in the u.s., one day after new records have been hit. 20,000.,000 -- dow will tom keene have a custom-made had to celebrate the occasion? ♪ . . francine: the dow at 20 thou. the index at an all-time high. is that the trump economy? building material company is gain. the u.k. prime minister has to the states to become the first world leader to meet the new president. sehe

kate spayed reportedly atracking interest coach and michael kors. blo bloombergays both coach and michael coors is speaking about the bid. >>> herballife condukted its own independent review and cooperating with the had sec's investigation. continued speculation. >>> and actelion has been doing a phase three trial for patients suffering from different forms of a heart and lung ailment. hugo barra leaving the high tech firm next month. he was poached from google and says he's head hadding back ing sillicon valley. apple alleges qualcomm refuses to pay in rebaits after they were accused of an effort to maintain monopoly control over semiconductors. >>> the first 100 days in office. chief political analyst tell us some of the risk in the new administration. stay tuned. world wide. >>> welcome back to "world wide exchange." let's get you up to speed on the market action. you can see red across the board but not as bad as it was a few moments ago. equity futures down but not by much. the s&p off by three or four points. and nasdaq down as well. marginal losses on the

facebook creator mark stucker burke and former new york mayor michael bloomberg rounded out the list.y this, one public schools by as the running his twitter account after she corrected a student bowing on twitter. she was let go from her $44,000 a year job. one student said they be closed tomorrow. how would you learn how to spell tomorrow. she took the news of our fire in his stride as she said she didn't want to be a distraction to the school system, the supporters have a petition to get every higher. they've got about 3000 signatures so far. a little debatable if she went too far. maria: she calls up a student for spelling the word wrong. saying how would you know you can't spell. maybe a little harsh, but there is a point there. maria: harlan hill, would he think about this? should she have been fired? then again, why are you calling someone on front of thousands of others. >> there's a smiley face. this goes back to people should be conscientious of what they put out the and send out publicly. he was good-natured, but it's probably inappropriate for the school district to do tha

mark: michael moore of bloomberg, it has -- thanks for being here. if you include the european in untiley will go february. next week, we hear from the big finance chiefs from the world economic forum in davos. we will bring you exclusive interviews with the chief exec it is a jpmorgan, bank of america, and goldman sachs. what a week. just a lot of fun, especially on this side. let's check in on the first word news. courtney: lawmakers who want to repeal obamacare face the next hurdle. thousands are expected to take of -- of the house is excited to take up the repeal of the four double care act. some are concerned about a replacement. the president-elect says he will have a full report on hacking in 90 days. he also says a report that the russians had come from rising information on him was put together by political opponents and a failed spy and called the allegations phony. talks into reunifying cyprus after four decades have hit a wall. top officials held to reach an agreement in geneva. security arrangements and property rights are the biggest ob

and finally, the eighth—richest billionaire is michael bloomberg, who owns bloomberg lp and is worthrld? and if so, does that matter? anthony reuben has been checking this out. dot figures add up?m anthony reuben has been checking this out. dot figures add up? it is ha rd to this out. dot figures add up? it is hard to measure the wealth of very, very rich people and very poor people. 0xfam haven't done it themselves. they have got figures from credit suisse and forbes and what they concluded this figure of eight having the same wealth as the poorest half, is it exactly eight? we're not sure. they have had to make assumptions along the way about whether being in debt makes you poorer than somebody who has nothing because clearly there are some people who are in debt and who have decent lifestyles, but it is fair to say that there are a lot of very, very poor people and there are a small number of people with extremely large amounts of wealth. what's difficult to say, is whether this is getting better or worse because the data sources that credit suisse use change each year and they ha

. >> federal government goes after state government, look at the giuliani and michael bloomberg.ng the homicide rate down 80% over a 20 year period. steve: is there an answer to changing the structure for something that has gone so bad? >> it has to start in the family, social media has a lot to do with it. if you listen to what they are saying they bring the name of trump up and the hard. they don't have a real connection with those. >> it is the club, it is a family. >> there should be no tolerance. it does start in the family. parents, whether the family is broken or not, should be no tolerance. >> for generations, we have the patience of generations? >> it is terrible. steve: it was good to see you. let's go to heather now with other breaking news along with the story we just covered. >> surveillance video of a police ambush, two police officers responding to a walmart, as they approached the suspect suddenly turns and opens fire on officers. one police officer shot in the face. another hit twice in the chest. he is knocked to the ground. the suspect is killed as he reaches f

francine: michael moore there from bloomberg.tered, and patrick armstrong. thank you all for joining us. here are some highlights for your day ahead. 1:30 p.m. u.k. time, u.s. initial jobless claims. later, more pmi numbers. tom keene joins me from new york, next. ♪ francine: not so hawkish. the dollar falls after the fed strikes and uncertain tone about the future policies of president-elect donald trump. concerns over moving cash out of mainland china. the brexit backlash. the british chamber of commerce warns rising inflation. this is "bloomberg surveillance." i'm francine lacqua in london. tom keene in new york. we are getting a little bit of data. politics, finance, juvenile the banks. tom: the economic data is actually pretty good. macy's in new york with huge cost announcements and next, the fashion house in london, with the same idea. macy's has to cut 6200 jobs. we have to try to figure it the winners were during the holiday season. tom: the grinch. francine: exactly. holiday grinch. tom: the grinch will be with us folks

we are trying to get it down to 15% to 20%. >> we are joined by michael mckee, bloomberg economics correspondents he going to do this? guest: that is a huge question -- that is a good question. he could cut taxes, and taxes,cans love to cut the problem he's going to create a massive hole in the deficit. the proposal he suggested would leave under dynamic scoring, the idea that tax cuts fetid to economic growth. a $2.6 trillion: the deficit. and a lot of republicans were elected on the idea of not increasing the deficit, so he's going to have trouble convincing people on capitol hill to go through with this. to ignorein yourself it or do you factor that into your thesis? you can't make any decisions right away. you look at what he does versus what he said. now he has to govern, now he has to make this happen. say it willlysts take until the second half of the year before we see any real -- before we see any real tax cuts. as david said earlier, overpromising and under delivering, is going to be difficult to deliver. >> there were two responses to the inauguration speech. they set a high bar for a

let us bring in bloombergs michael moore. will this fly in washington?have to provide 4.1 billion of consumer relief. this may be allowed to be a piece of it, but i imagine it will not be the biggest piece. you know, this broader debate in the settlement, not just with georgia, but the other banks. on one hand, this is supposed to be a punishment. on the other hand, you want consumers to feel relief. so sometimes, there is an economic benefit to just doing consumer relief, you know, modifying mortgages for the business impact of it. on the other hand, deutsche bank would be lending to these friends anyway. so, doesn't really provide an additional relief? guy: just expand exactly what they are doing. how does the mechanic work? michael: the idea is that there are private equity firms that by up distressed loans and modify them and the idea is the consumers with the lower debt burden will be more like we do pay it back, so there is an atomic reason to do it. deutsche bank would just be providing some funding for these avid equity firms to do what they are

michael still sticking with us. tune in for bloombergision's ces coverage going through the week. we will have interviews with the likes of tim armstrong, barry diller, plus on the ground reporting from our great bloomberg technology team. coming up come a chinese internet giant sets its sights on a $5 billion ipo. we will discuss that, next. and tesla lower in extended trading after selling 22,000 vehicles, totaling just over 76,000 for the year. tesla has been aiming for at least 80,000. this is bloomberg. ♪ caroline: a silicon valley startup says it has raised $140 million in a fifth and final funding round as a ramp set the -- as it ramps up the manufacturing head of its ipo. the electric transit bus maker expects to go public this year or early 2018. gm is said to be a backer. they debuted a vehicle last year that can travel 350 miles on a single charge. sticking with ipo's, on our funding board, china's third-biggest search engine is planning a u.s. ipo. it will probably happen this year and could give a valuation of as much as $5

michael sneyd stays with us on "bloomberg daybreak." plenty more analysis on the u.k. m here. michael, thank you. eyes on europe with a raft of elections coming up. we consider the risk for european equities. taking stock of trump. as the president stands firm on his travel ban, we consider how it's going down in the middle east. the big week for central banks. the boj holds firm that the bank of england in the fed are yet to come. lots more to talk about. this is bloomberg. ♪ manus: it's just gone 6:49 a.m. in london, 1:49 a.m. in new york. let's take you to some news. s&p futures are down by .3%, the markets are decidedly in a risk off sentiment, money going into dollar-yen and gold. this is in relation to deutsche bank, a regulator in the united kingdom fines deutsche bank a total of 163 million pounds in regards to money laundering. deutsche bank has decided to finish and agreed to an early settlement. 163 million pounds for money laundering control failing. they say they found efficiencies and deutsche bank's aml control framework. that deutsche bank performed in a

these are like mark zuckerberg, bill gates, jeff bezos and warren buffett and michael bl m bloombe bloombergt show on earth closing its doors. ringling bros. and barnum & bailey with the last show in may. the ceo says high operating costs and declines ticket sales are too much for the company to overcome. it is citing the phasing out of the elephant act after years of criticism from animal rights groups. the current owner feld entertainment bought it in 1967. the phasing out of the elephants is too much. we think about the way people enjoy entertainment. >> on davos, now that trump is around, it makes it more useful. >> thanks for joining us. i'm christine romans. >> i'm miguel marquez. "new day" starts right now. >> what i do find outrageous is equating intelligence community with nazi, germany. >>> donald trump suggesting the head of the cia is behind the leaks. >> you are not going to be able to make good decisions without building some relationship and trust with yourself and that community. >>> china's state run media laughing at the president-elect. >> everybody can have access to affo

republican congressman michael joins us next. this is bloomberg. ♪ live from london and new york.m mark barton. vonnie: i am vonnie quinn. this is "bloomberg markets." president trump is the filling promises during his election campaign. today, he will unveil actions on national security, including steps toward building a wall along the mexico border. the whitelli is at house with another scoop. kevin? kevin: thank you. i hear from sources within the trump organization that they have decided to name bobby burchfield as independent ethics advisor and george soriano as chief compliance counsel to the builder promise from their january 11 press conference to divide between the trump organization and white house. meanwhile at the white house, president trump later today is expected to unveil key executive action to fulfill a campaign promise on immigration policy. look for him to lay out a plan for how he will secure the u.s.-mexico border. however, he could run into potential problems with members of congress, anticipating that budget committee members of how much funds will be alloc

michael noonan. thanks for giving some of your time to bloomberg. p and watch the president-elect in a couple hours from now as you in the next couple months will have to deal with his administration directly? michael: i'll probably be flying from dublin to zurich but will pick it up later in the evening. francine: what kind of relationship would you hope to have with the administration? michael: professional and business. it's the office that matters to us rather than the personality. and we always ensure we have good relationships with the white house. this year already, our prime minister has been invited to visit the white house on st. patrick's day and we'll continue with that. i met mr. trump because he has some investments in my part of ireland, and he came into the airport and i greeted him there but before he had interest in politics last year. he was a very affable gentleman and there with his daughter and two sons and they'd be well known in that part of ireland. francine: there are two questions, the trump policies could have on ireland.

bloomberg. >> let's continue our discussion with michael every. i have to float this idea with you.seeing the korean yuan gaining highest levels since seven weeks in the dollar. we had an analyst saying that the korean yuan could be attempted to depreciate their currency just before gaining just -to appreciate their currency--before talking with donald trump. i can understand that doing that now to avoid depreciating it going forward. it will be tough for businesses to deal with this on a day-to-day business. tothe near-term slot is depreciate to compensate for a potential terrorists area. tariff barrier. i don't think any asian exporter is in a strong position to the u.s. they are the buyer. the countrythe country with thes the one that has ammunition when it comes to these talks. host: you are a huge yuan bear as well. we are seeing profit growth and industrial firms in china rising at the slowest pace in a year. that is as prices surge. michael: demand in china at the up.nt is picking it is being driven by borrowing from the government using various forms of tactics. of course th

entertainment chief michael linden is stepping down. for the bloomberg quick take.y are plenty -- their plentiful. while the fuel produces more greenhouse gas than conventional forms of crude, and that is what canada wants to send to its proposed keystone xl pipeline. now they may get a new lease on life. donald the situation, trump took action to move the pipeline forward, but he wants to renegotiate a deal with canada to ensure that pipes are built in the united states. says he prime minister favors construction of new pipelines, including the keystone xl. but he has also taken steps to on the climate issue. president barack obama rejected ae keystone xl after seven-year debate. president obama said at the time the project wouldn't lower gas prices, nor would it enhance the nation's security. he also said it would undercut u.s. leadership on climate change. institute,o the -- and 8% to 30% more carbon than conventionally produced fuel. it takes more energy to extract then refine. the industry says increase is more like 6%. environmental group says the keystone xl

still ahead, bloomberg's michael mckee will be speaking to robert shiller in chicago. e to be had. this is bloomberg. ♪ >> there will be no movement in order around the airport until the swat team gives me real-time information. right now the scene is considered fluid and active. we have one of the more critical pieces of information, we have the shooter in custody. unharmed.rmed -- a is being interviewed by team of fbi agents and homicide detectives. there has been incredible cooperation between the sheriff's office, the fbi, and all of the local law enforcement entities. we will answer your questions at the end. i will put the director of the airport on and then i will come back to answer questions. >> thank you, sheriff. i am the director at the fort lauderdale international airport . when the incident occurred, we responded. we suspended operations at the airport for the time being and are working with law enforcement to address all of the needs and concerns of the passengers inside of the building right now . they are all sheltered in place. we are not sure when th

joining me bryon wien the vice chair of blackstone and michael regan a senior editor at bloomberg. byron, i'll give it to you first. what's going on? >> investors are taking trump at his word. they believe he's going to improve the economy. the economy was bumping along since the recovery began in 2009 and at less than a 2% growth rate. he promises something considerably more than that and the pro-growth outline you gave delivered 3% growth and when i went to school 3% is 50% more than 2%. most people think it will start to kick in in 2017 but you'll really feel it in 2018. my view is trump is an impatient guy and he's going to press to get these changes done earlier rather than later. >> charlie: and will be successful? >> i think they'll be effective. i think there's some negatives associated with them that we can talk about. one is it's going to take a lot more workers to produce 3% growth and we already have 4. 7% unemployment rate and two, i think the tax cuts will reduce government revenue faster than the additional income will flow and increase the tax revenue. >> charlie: m