baristas at night, you will see that more and more. finally, in this area, a real debate about what is education. part of it is proficiency but also the goodness of learning humanities. learning for the sake of learning, and so, you're going to have a combination. you're going to be practical, but also, there will be a new appreciation of developing that mind. as i told the students, in closing, i asked a question that so many others have asked like george gill and others. what is the difference between us today and people during the stone age? same planet, same resources, same appetite, same human body. the difference between us is we -- between them and us is we , know more. we have more knowledge. so even if you have a physical disaster, whether from a war or a disease, you can recover if knowledge is not destroyed, and you saw it after world war ii. devastation in western europe, japan, tens of millions of people killed. people thought it would be generations before it would get recovery. while, with the u.s. umbrella, within a han

more widespread.e services oriented economy, more than manufacturing, which is why it takes you back to the pmi numbers coming out as well. things like business expectations, things like new orders for services as well, because that might give you a better idea. 4.5%, to answer your initial question for the bloomberg economics estimates for now, talking about the policy offsets that china might and will put in place. shery: china correspondent selina wang in beijing and also our vi ingles, bloomberg markets coanchor in hong kong, thank you to you both, and be sure to keep up-to-date on this developing coronavirus story by running the function map virus go, as well as how specific companies may be affected. check it out. we will have plenty more on the coronavirus later at this hour with global virus met with director -- with the global virus director. do not miss it. for more on today's market action, bloomberg mliv strategist mark cranfield joins us from singapore. you have been watching the offshore

that's all the more. like me we find that the protests to be continuity in 2020 because the situation is actually getting more serious here yet so we may going to fight for what you want in the next year indicating that hong kong may need to brace itself for yet another turbulent year maybe gopalan hong kong hong kong police have approved a new year's day march tens of thousands of people are expected to join al-jazeera florence louis is there and joins us now live florence what's happening. right now we are on one of the main shopping streets this also happens to be a street leading to the victoria park which is the starting point of this new year's day module now behind me you can also see in you can hear people talking and that's where that's where a labor union has set up a recruitment booth about 40 labor unions are going to be present at this march there on a recruitment and fund raising drive to sustain the momentum going into part anti-government protests in 2020. this march is organized by the ci

i can make the fan go up more if i want more air to be pumped. i feel like i'm at the dentist!ld ride a bike. i don't know. but it is notjust about the device. this is also about collecting data, localised air quality data and also respiratory information. there are some plans to use that for some health tech in the future, particularly maybe in meditation. it has five hours' battery life and in time, the device will be miniaturised. but despite the fact that i thought i looked completely and utterly ridiculous, it has actually made it to the catwalk, featuring in new york and seoul fashion weeks. back on the show floor, there was also the sixth finger. sixto is a device for people who have limited mobility in one hand, so it could be due to a stroke or something like that. now, the way it works is that you position the bad hand where it needs to grab hold of something and this joystick, which will be held in the good hand, is used to be able to close the device so that you can actually pick something up. one of the other benefits of this is that it actually encourages somebody

middle class americans are spending more and more of their income on rent. and a majority of renters with incomes below the poverty line spend more than half of their income on housing. now, we have a lot more -- we have to do a lot more to raise incomes and i've outlined some of the ways that i will do that, including the national minimum wage should go up to $15 per hour, and expanding the earned income tax credit to provide a bigger lift to working people. but that's just part of the lution. to tackle the affordability crisis, we also have to offer more support to renters. rental assistance, like section 8 vouchers, is an important way to do that. but today the system isn't working for many of the people who need it most. most families who are eligible for a voucher don't have one. so they spend years and years on waiting lists and some of those lists are so long they're closed entirely to new applications. but the fact is the vast majority of people on section 8 waiting lists will wait and wait and never get the help they need. that wait falls heaviest o

warnings of another volcanic eruption in the philippines affords thousands more people to abandon their homes towns near the to all volcano been devastated by falling out buildings of collapse and evacuation centers across the tongass province almost food. and there's been a 2nd night of violence in lebanon over the banking crisis security forces fired teargas testers in the commercial heart of beirut injuring dozens of people well those were the headlines the news continues here on al-jazeera after the bottom line station thanks so much and. hi i'm steve clemons and i have a question president trump wants to reduce the american presence in the middle east and replace it with nato how would that work let's get to the bottom line. last week during his self congratulatory speech after the assassination of iranian general cost him selling money president trump made a vague request today i am going to ask nato to become much more involved in the middle east process over the last 3 years under my leadership our economy is stronger than ever before and america's achieved energy independence t

but he more kids in or school, making our communities stronger and more resilient than ever before.that's why, i had an open mind, and senators iraq in, center economic development committee had an idea that paid off, they said, remove workers can work from, anywhere so let's give them an incentive to work and live here in vermont, since then, we've received worldwide attention,, more than 7 million dollars in free advertising, thousands of inquiries, 371 people, more than 68 communities across 13 counties. we receive criticism as, well folks who, said you know, i've been living here and dealing with high costs my entire life, where is my check? i get it. they are absolutely right, we urgently need to make vermont more affordable for, everyone across the state, but this program does help them, because bringing more people here reduces the tax burden, on the rest of us. here are the facts, for one investment, the 500,000 dollars, based on vermont's average income, over 1 million dollars of tax revenue each year. this is a conservative projection. it does account for a higher than ave

more and more data, more and more personal data will be carried around these networks.re of the infrastructure of our lives will depend on telecommunications. and so, whether there's the potential for espionage oi’ there's the potential for espionage or sabotage as some fear, is a really significant security risk. 0fficials certainly believe they can manage that risk, not eliminate it, manage that risk, not eliminate it, manage it, in other words, they can reduce the risks, something is happening, deal with it with it if it does happen. but even if you believe that long—term risk can be managed, there are short—term risks which are particularly with the relationship with the united states. close ally which has expressed its angen close ally which has expressed its anger, it's talked about restricting intelligence sharing, some people in the uk thought that was a blip, we are about to found out, really, how angry washington really is. was this posturing part of donald trump is migratory dispute with china or is there a deeper concern about where there a deeper concern ab

and has been chipping away at civil society in iran by creating more and more poverty in the country. >> how about my family, all 80 million iranians? they are people. they are not just numbers. >> reporter: iran's missile strike on two iraqi missile bases did not hurt any u.s. troops and was not a full use of iran's military capability. >> they have much longer missiles capable of hitting pretty much anywhere in the eastern mediterranean, including israel, but they didn't use those. >> reporter: he says one concern though general soleimani's death could upset the delicate balance of power and stability in iraq. >> iraq is approximately 60% shia muslims. a smaller number of sunnis, 30%. the shia see iran as their protector, especially soleimani. and i think a lot of the sunnis saw isis as their protector. i'm afraid this could upset the balance. it could spark a lot more sectarian violence within iran. >> reporter: a nationwide day of protests is scheduled for thursday with rallies in san francisco, oakland, san jose, and at least five other bay area cities. >>> members of congress go

we will have more -- retaliations on iran. we will have more.idi: it is a down day in japan as the yen continues to strengthen. words a continuing war of between president trump and iran following friday's killing of the top general. look at one of the losers in the tokyo session. or.table decline coming back to trading after the holiday. nissan after for plunging to 35% in april of last year. the chairman will be holding a press conference on wednesday at 10:00 p.m. our asian business reporter joins us. this story is incredible. what are we expecting this week? >> this is a long-awaited press conference that hopefully will do a few things. shed light on how he got to be rude in the first place. extraordinary. the great escape. this is straight out of hollywood. we are still trying to find out the facts, exactly how he managed to pull off the extraction. ghosn said heos is looking forward to speaking to the media freely. so we are looking for a hint of the institution, government, and individual he will isolate and probably attack in his effort

we need to hire a lot more people.ultrahigh network is really about quality over quantity, so my aspirational target for 2020 would translate into 50 or 60 customer service, risk and product specialists. a big number for us. steve: how is that divided between hong kong and singapore? vincent: a big advantage for us is that we look at both as one. steve: how do you see the pipeline for wealth creation in asia? a lot of ipo's come attack in particular, in hong kong and the united states. how do you see that feeding into your business as wealth is created for 2020? vincent: i look at the source of wealth creation. one is geography. one is sector. you mentioned the sector come attack is extremely strong, health care is strong, domestic consumption will remain strong. and i see opportunities in western china, where there is a lot of government investment, a lot of focus and a lot of wealth creation where clients need a lot of help in terms of structuring their wealth. that is where we are spending a lot of time. steve: you

and as a result more and more americans are struggling to make ends meet. and many are falling short and ending up without a proper roof over their head. every day more than 6,000 americans are evicted, many of them with families -- are families with children. 600,000 ven day, about americans are homeless across our country. e just cannot accept that. in december president trump tweeted that fixing homeless would be -- homelessness would be, quote, so easy with competence. well, let's just say the competence is not his administration's strong suit. but the truth is they haven't even tried. and about the only time president trump mentions homeless people is when he's attacking them. but that's about par for the course for this president. attack and divide, and accomplish nothing. meanwhile, president trump has slashed funding for housing and now he wants to roll back the rules that president obama created to prevent discrimination. we just can't afford another four years of this president. and that's why i'm running to defeat him and rebuild america. [cheers

as more and more of the supply chain is localized, full on production will happen, and then they willle to lower the cost for consumers even more. right now, tesla costs are still high compared to locally made cars, but they will be able to lower the price. that will give them more cost parity. taylor: and then in the soundbite we heard in the beginning, he was talking about how the model y demand will eclipse all the other models combined. when do we expect the model y crossover? dana: he has said that before on the earnings call. what was news to me is that they are going to begin model y production in shanghai as well. and they have not begun model y production here in fremont yet. it sounds like they will launch on two continents in parallel. and the y is the lower cost suv. tesla had a lot of challenges producing the model x. i think they have learned a lot of lessons. i think most people in the world want suv's as opposed to sedans. taylor: the biggest issue, as we remember was the production. , how did they avoid that in china? it appeared to be a seamless rollout. dana: it's h

more generally, cyclical value.e gainsflect we saw in equity and bond markets, how would you describe your risk portfolio -- profile? do you say you have a tilt toward risk? >> we have a tilt toward risk for 2020. we are more positive in risk. partly because we are taking more risk in those parts of the world. really, what is underpinning this is more a verbal liquidity conditions. thanks saying they are nowhere near normalizing policy. valuations.down despite the fact they have moved up, where we have been mayor -- more circumspect is with regard to earnings growth. the market expects a percent earnings growth. we think that is unlikely to come through this year. we think there is a little bit too much optimism. we think valuations will remain high. >> and 2020, you expect the rallying to be liquidity driven. if central banks are not cutting as much, it means it is not going to be as big. >> it is hard to make the case for a rally similar to what we saw in 2019 coming through. staying with us. coming up, the energy

[applause] more now from the u.s. institute of peace with the former secretary of state madeleine albright and derek mitchell of former u.s. ambassador to myanmar. the good afternoon. i don't want to interrupt your lunch, so feel free to keep eating but as promised, we are going to have a really goo good important discussion that will help to draw on whate heard this morning. and bill, by thinking a little bit about how we set a strategic frame this of good governance, think about all the things we heard this morning about some of the problems, some of the challenges that need to be addressed in fragile states, governing itution needed to become more accountable. we have to work on ways to build inclusiveness, tackle the problem of marginalization and exclusion, figure out how to empower the youth to take leadership roles. the importance of enabling civil society to be an important part of cementing a stronger state of society relationship, these are all dimensions of governance in one way or another and this is one o

more! ♪ 80s-style training montage? yeah. time. ♪ >> villafranca: finally tonight, the best place to eat in the country, but it's b.y.o.t.-- bring your own table. here's jonathan vigliotti. >> reporter: in san diego's south park, the line stretches around the corner. >> okay, perfect. >> reporter: the shawarma guys don't have an exclusive address or a single michelin star, but they do have four tires. and according to yelp's new top-100 list, based on customer e 'scu n the middle easternve inedisokco the number-one restaurant in the country. so what's the secret to working in a small kitchen? >> lose weight. >> reporter: lose weight! iraqi-american chef and jack of all trades bryan zeto, opened up in front of his friend's liquor store 11 months ago after he quit his job selling cell phones. his father, samer, is one of the sous chefs. >> everything is cut fresh. >> reporter: there's even crowd control. what are the most popular dishes that we should get? >> it's going to be the beef plate. >> reporter: the key ingredient: wag

more on that coming up.tion. the bbc director—general, lord hall, announces he is standing down after seven announces he is standing down after seve n years announces he is standing down after seven years in the job and will take the topjob at seven years in the job and will take the top job at the national gallery. here's your business headlines on afternoon live. beale's has gone into administration. the firm had been trying to renegotiate production with some of its owners of the 23 stores it operates. those stores will continue to trade during the administration process. china, one of the world's biggest users of plastic, has announced plans to reduce single—use plastics across the country. none degradable bags will be banned in major cities by the end of 2020 and restaurants won't be allowed to give out plastic straws by the end of the year. intu has asked investors for more money. reports say it wants to tap shareholders up for £1 billion because of poor results from retailers. costs, hs2, heading nort

so, yes, everywhere, our politics is becoming more fragmented and more polarized. the right is more right and the left is more left, and there is a tendency to retreat into echo chambers. but all of us are still citizens of particular countries, and we still need the governments of our countries to succeed. so rather than demonize everyone we disagree with, is that better to give ourbetter leaders, for the time being, at least some grudging respect? four years back, had i been an american, i would have been a reluctant trump voter. but not now. he might sometimes seem crass or intemperate, but that does not mean that he is not the best possible president for america at this time. after all, when it comes to electing the president, people are not choosing a saint or even a role model, they are seeking a leader. and the one thing you cannot say of trump is that he has been shy to lead. in my country, if you have a go, you deserve to get a go. and that is how i feel about the presidency right now, which i guess makes me a supporter of keeping america great. an oversea

well the biggest industry that will be hit across the globe is of course tourism more and more and this is because more and more chinese people tend to travel outside of china during the new year period they're given to we golden week holiday over 7000000 people were supposed to have travelled abroad this season let's take a look at japan for example 30 percent of its tourism comes from china and the chinese spend some 16000000000 dollars in japan alone now in singapore tourism is also a very important industry there are no figures yet but the ministry is have already just confirmed that they will likely be hit as well just to give you an idea of how bad this could be if we take a look back at size in 2002 in 2003 that resulted in some $18000000000.00 in losses and it pushed down the economic rates in east asia and southeast asia by 0.6 percentage points and analysts say that the outbreak is worse than the sars virus so we could be expecting some more down to throughout the region and other parts of the world as well draining thank you very much for your analysis from mr boris johnson i

more memory storage.aylor: that was micron's ceo. as for qualcomm, it unveiled the first chips and software for fully autonomous vehicles at ces on monday. the president spoke with bloomberg about what he calls the natural extension into this space. >> we are very excited to expand our automated offering. we believe that cars are going to have to process so much data and it requires so much processing. it is going to require a completely different equation about power. coming from the cell phone industry, we have the ability to do chips. they are efficient from a power standpoint. you cannot run a data center out of the trunk of your car, and that is the opportunity for qualcomm. we unveiled our solutions from level one to level four+, autonomy. but the commercial opportunity will be to add autonomy to every car as a convenient feature with a driver behind the wheel like cruise control. that is the real opportunity qualcomm has to scale this, and we are pleased to announce the expansion of our relationshi

we see the more fragile estate is the more vulnerable that is to the influence of regional or great powers and we see that with china and russia. so creating a world committed to democracy. i worry a lot even as our national security strateg strategy, there is good reason for doing that. for these issues fragility are not gone. at some payroll do we risk shifting all the attention away from addressing the kind of state fragility issues to extreme poverty and significant migration? and third the to do all this requires the resources and longevity we are seeing with the global fragility act. i take great heart we now have a path that is a binding commitment to create these long-term strategies that we need to look at. because we really risk losing focus at the time of recommendations and high level validation. we could easily wander off field because we are easily distracted. i hope we can take that global fragility act to use that as a momentum to put these ideas into action. because bureaucracy is a hard thing to move and that's what we have to deal with. >> the dangers of making this anti

, the more likely they will figure how to become more productive and lay folks off. so i think there is a little bit a false narrative that there is no cost on raising payroll taxes for a more generous benefit. .. >> you've spoken how pro natal policy don't increase with natal, if you will, increase fertility, suggesting, as i gather that a financial decision if a child is into expensive they choose not to have another child, but if you have-- however, whatever form it takes, a child tax credit, would that be a pro natal policy? >> so, the research on pro natal policy making is that when countries spend money trying to get slightly higher fertility rates, that they do get a little bit of a bump, but it does cost a lot of money to get that increase, however, the most cost effective means of bringing about some increase in the desired birth rate, the number of births that women intend to have, is through front-loaded benefits. that essentially giving people $10,000 upfront does get you-- has a larger influence on child bearing influence than $1,000 for 10 years. it's m

more and more young women are going into science and that's a great development let's go. that norina recently who has been walking and studying in gross a national park in mozambique in dubai it's an excellent place to study wildlife and our specialty is they may be tiny but the very important part of the ecosystem you know said let's hear no you know tell us why. when you know enough you senti sets out on expeditions into go down goes our national park she often heads streets for the fever tree forest chances are good that a young scientist will find what she's looking for there she's research and ends with the help of an aspirator she gathers specimens of every species she finds. a lot of people want. a big thing. and. i really want to show the people not just the big animals have any importance and now the system but also. and so because they provide for your. ecosystem would look very different without the performing important tasks such as spread in seeds eating digest and plants and distribute new trends within the forest by decompose in large quantities of organic

if there is more sensibility it means there's more responsibly for the policies. i agree completely. what do we have now according to the 111 article. the president is only a [inaudible] and he appoints the head of the government and the deputy end of thandother ministers. i want to change this order of things and give the responsibility the rise of presenting the head. the federal minister could be and the president must appoint them to the office so the president wouldn't have the right to align the candidates suggested by the parliament. [applause] all of this in itself is a change in the political system but i would like to reiterate to keep in mind the political unions authority, this adjustment is to implement the role of the parliament and parties and the responsibility of the chairman of the government and the members of the office is going to make more productive the cooperation between the executive and administrative branches in the state. with that, i would like to emphasize the power country with its vast territory and complicated structure and the ar

, giving you more and more control of resources, but what has happened is people are paying more now out-of-pocket even though official medical inflation is not high. people are paying more than they ever did before or at least getting charged with it hoping they have something in their hsa to cover it. this leads to knowing more about costs, and that is affecting the market. with priceline and expedia, want do something because, like a nuclear stress test, and why does an mri cost 10 times as much at one institution versus 1/10 of what it does at another hospital? these things are beginning to happen. what that means is you get that kind of consumerism, you're going to get automatically both productivity gains, because suddenly there will be an advantage to doing it, and you will get more innovation. there is a lot of innovation in health care, but we are going to get a lot, lot more. the trump administration is pushing the posting of prices by insurers and by hospitals. that is very good, but it is going to be the pressures of the marketplace that do it more than decrees by the fed

more strength, more strength, more sneed and efficiency. also showing a proto top of a so-called smart shoe with built in censors to deliver runners real time feedback. several companies want to make it less intimidating and more connected. >> often they are intimidated how the fitness industry has marketed itself. >>> they said its formula is positive psychology and cross training to keep workouts consistent. >> many of us have seen smart folds that can fold but at the show in vegas, some are showing off tablets that can bend. it is all thanks to plastic jeans. >> reporter: computers and phones could be opening a new era when it comes to electronics. the growing trend is things that can bend. >> it folds the screen in half, and tom butler showed us the screen that can collapse. >> what does the technology behind it that makes it able to fold? >> it isn't you have plastic screen that is about 8%. >> intel has that going trom tablet to laptop. the galaxy fold made a splash last years. motor rolla showed off a flip phone that opens to one big

to january 22nd every year you see more and more opinion pieces more and more articles by more and more people saying why can't we change the way it is so he's salting to a big section of the australian population to have it in general 26 why not change the date to day that all australians can celebrate so you know sure like to have a change but in the longer it will happen. still out on al-jazeera hope among the rubble tarkus rescue teams find a reason to celebrate its. power and gambia were victims of abuse under the former regime are still waiting for justice. had that we've had some very heavy snow across some sections to the north and the middle east but we have got some calm the weather conditions over the next couple of days but as i say not the full this amount of snow is produced and east and turkey say it is take a while to dig out from that but conditions affine unclear overall for the next couple of days tentacles cool by day cold in the overnight hours since gathered shahs and. no far as work in the east and sections of iran and also pretty strong. take the top of these tim

issue of the day that is more compelling, fascinating, more amazing and more important than energy and the issues associated with energy. so we have the best of the brightest here. we've got the leaders in the community of energy executives who see it -- who see the big picture, who will articulate for you the most significant issues of the day, the things that they're confronting, the things you should know about and things on the horizon. and we start with mike summers, who is president and ceo of american petroleum institute, the 15th chief executive of the api since its founding almost a century ago. before being named api's president, mr. summers led the american investment council trade association which represented many of the nation's leading private equity and growth capital firms and other business partners. he spent two decades in critical staff leadership roles in the u.s. house of representatives and the white house, including chief of staff for the speaker of the house john boehner. and he was special assistant to president george w. bush at the national economic council.

and it costs more. a good credit rating is about saving money, and that's why it is so important, it is a critical tool to help us keep our economic momentum going. our economic climate has brought virginia one of the country's lowest unemployment at 2.6%. [applause] it's rarely been this slow in the technology era, and every region of virginia is experiencing a lower unemployment rate than a year ago. our economic climate brought amazon to northern virginia and i have taken them to southwest virginia to encourage investment there as well. [applause] that project lead to a plan to train 31000 people in computer science all across virginia. our economic climate brought morgan wholesome to danville pennsylvania county creating 700 new manufacturing jobs. [applause] it brought aero farms thereto, to build the world's largest and most sophisticated affordable car. [applause] agriculture remains the largest sector of virginia's economy, and it is changing fast too. i spend a lot of time listening to entrepre

it will allow us to recruit and license more foster families so we can get more kids out of group homes. and it will make sure that no child remains in limbo a today day or a minute more than necessary. and if a child cannot be reunited with their biological parents, then it's on us to find them a stable, loving family that they can call their own. so tonight i'm also announcing a new initiative to find and support more foster and adoptive homes for these kids. [ applause ] you know, no one needs our love more than these kids. i'm making it my commitment and i'm asking you to join me. as every parent knows, we also have to protect our kids from the dangers of vaping. last year, facing a public health crisis, i took immediate action and temporarily banned flavored e-cigarettes. [ applause ] public health experts agree these dangers are real. let's make the ban permanent and do the right thing and protect our children. [ applause ] you know, often we say everyone deserves a shot. and that's true. but that means everyone. in some ways we're doing that in rhode island. we are securing acces

more than 70 percent so it's a very high occupancy and they are trying to mobilize more to over this from a few days. more cases have also been confirmed in singapore thailand south korea and japan. the hospital in tokyo carried out a drill to train staff in dealing with an infectious disease. in vietnam a chinese father and son tested positive for the disease making them the 1st confirmed cases in the country. every day it seems the deadly virus is traveling further. doctors in scotland said they were testing a number of suspected cases and a man was briefly hospitalized in london. 2 people literally a lighthouse that says cave it. seo experiences that. from the u.k. to india to australia countries around the globe are on it and monitoring closely where the virus will pop up next the. chinese authorities putting draconian measures in place to try and contain this mysterious new virus are they getting it under control foreign pressure in beijing tries to find out. the health crisis concerning the corona virus has become more severe the numbers of infections have gone up and also the

it is more than likely going to rule out the big cities first because it is more economical.. inevitably, it'll be a case that will come to cities first. there are lots and lots of plans ongoing to connect the rest of the uk. 0penreach has announced it is trying to collect more and more people to fast broadband. there will be catch up fast broadband. there will be catch up but it inevitably will be cities first. another question, are other firms able to provide this technology? are there us companies that the us government is trying to support? there was speculation that borisjohnson support? there was speculation that boris johnson and donald support? there was speculation that borisjohnson and donald trump have talked about if there was any collaboration that could be done to come up with the uk— gs alternative. that is not going to happen overnight. we are going to have to look outside of that alliance. the two main partners, the players in the game at the moment seem to be ericsson and nokia. another question, can you provide and non—telecom engineers‘s description of the

lots more to talk about. let's get you to first word news with jessica summers. >> the federal reserve says policy is appropriate amid solid u.s. growth but admits there is a risk that inflation will fall short of the 2% target. the vice chairman told the council on foreign relations that monetary policy is in a good place and should support sustained expansion. the fed left rates unchanged in 2019. want to distinguish between the baseline and the risks around that. is private sector forecast core measures of inflation to begin to move up but i would be honest in suggesting that if there is a risk in that outlook, it skews to the downside. taiwan: the economy in may play a larger role in this weekend's election, with growth under the current president offset by frustration at progress in boosting the income of ordinary citizens. taiwan has seen faster growth, and boy it financial investments. she faces a strong challenge from the more china friendly -- as well as the people first party. bracing forralia is th

the moreind of world, cyclical regions and the more cyclical sectors are more underpinned. to your question, could be indeed the scenario more cyclical regions, japanese markets, but also europe and the eurozone markets, could be underpinned and ending up with a relative outperformance against the u.s. markets. francine: stefan, thank you so much. eitel. k later today we will hear from jeff currie, local head of commodities. this is on the back of the iea. coming up, we go back to the markets with daniel morris. this is bloomberg. ♪ viviana: this is "bloomberg surveillance." let's get your business flash. car sales in europe jumping to a record with tough new penalties at the end of the are causing a buying frenzy. vehicles, andlion apple's main chipmaker is projecting quarterly sales that are well above analyst estimates. tsmc also posting fourth-quarter earnings better than expected. investing ins technology this will ensure it maintains its market lead over samsung and intel. this year's rollout over 5g phones is expected to lead to faster growth. that is the bloomberg b

more and more micro particles in the ocean art. entering our food cheering. for the folks not only is it hurting the embargo but is it also bad for our own. german scientists more no longer the live. earth tomorrow today and 30 minutes on d w. e that. the above is from the back. seat seems. odd blah blah blah. blah blah blah blah blah blah blah blah blah blah blah blah blah blah suds. respects the facts. more. plane. this is d w news live from berlin and u.s. president donald trump threatens iraq with sanctions if u.s. troops are expelled as wrong as leaders presided over the funeral of the general assassinated in a u.s. drone strike in baghdad trump said that iraq would also have to pay the cost of an air base there if u.s. troops were acquired to leave.

in more than 120 countries.up, mark carney will meeting. last ever we will bring you live coverage of the rate decision at 12:00 p.m. london time and his final news conference at 12:30 right here on bloomberg tv, and we will discuss it next. lust, what is keeping traders up at night? is keeping traders up at night? what do you need to know? we will discuss right here on bloomberg. ♪ this is bloomberg daybreak: europe. i'm nejra che pitch in london. manus: here is what you need to know for the day ahead. covers 650 professional traders. this is what keeps them up. >> we have in the markets trade concerns, central banks and beyond, but above all else, traders say the number one fear is the lack of liquidity and this is at least the second year in a row it has been the number one source of anxiety in the jp morgan survey. the questionnaire was conducted before the middle east tensions between the u.s. and iran flared up and before the latest coronavirus outbreak, so those are noticeably absent from the list. still,

if we are not able to defend our villages the terrorists will gain more and more space and will lose the whole region. because if they are now recruiting volunteers we want them to defeat the enemy so that we can get back to our villages we are so tired of all these attacks they want to. get him back to their villages may not be safe for some time but for now there is water at least and the knowledge that they are out of harm's way. and for more on the struggle joined by get only about alcoa she is the chair of the african security. welcome to news africa. do you think that arming civilians will make us safer. i think the decision to institutionalize already existing so they finish out can be a big risk in fact because in fact what happened with does low which has been abducted . could you can exceed. this was the n.s.a. is in fact. making illegal already existing groups in new zealand and so different groups says it will go will go also those not been on the past committing some abuses and you do have very just. to. bring back your security so i think we have to be very cautious in

, however, we see there is a lot more, however, we see there is a lot more that can be done.hink that companies could do more is around culture change, education, proactive support for employees, so this gets a better return on investment, so if you actually wait untilan investment, so if you actually wait until an employee is struggling and taking time off, you get £3 for every £1 back but if you invest early then you get a much higher return. £6 for every £1. when businesses take steps like creating quiet spaces or encouraging people to ta ke quiet spaces or encouraging people to take time off, it can perhaps seem like a sticking plaster whereas actually the underlying problem is the work culture, especially in financial services sector, where people feel that they are expected to work long hours and you are seem to work long hours and you are seem to have pride in being able to be contacted all times of day and night and weekends. what we highlight in the report as it is worth business paying attention to this and thinking about what cultural changes they might need in the

the more questions you ask on esg, the more i guess it unveils complexity.u most worried about in terms of how we measure esg and how we understand the supply chain of how these things work? >> good morning. here atare trying to do societe generale's to access the community in terms of signaling out for each sector what we believe are the key things and challenges and try to integrate specifico recommendations made by our research team. for each sector, we are listing a number of key issues, and we into a combined conclusion. francine: will shareholders really hold companies accountable for esg performance, or is it just this for now? >> two things. definitely companies are more and more facing investor questions about sustainability approach, and it is becoming compliance to look at the effects. it is becoming more and more known among the investment community that we need to make things even appear for investors to exactly identify and to put together all the information in a pragmatic way. we are doing the business report today. francine: what is the one

i've always thought the more effort put in, the more it counts. if you sign a petition that is a little too easy but if you write a note that shows a little more strength and belief i just think you keep doing that and if somebody continues you work to defeat them or work to help th them. i just think it's really important he showed responded to you. he runs a good office most of the time. i'm sure some of you have written once or twice and i didn't answer but we always try. we put a high premium on responding and we all should. we are public servants. they are public servants. that's our job, but i just keep trying, don't give up. [inaudible] same place at the same time, two hours apart what makes county a great journalist and then what makes senators in life partner? >> thanks, mom. >> you're welcome. she would have loved you i'm telling you that right now. the second part is what makes you -- i marvel at the ability to do some of these things. she loves her students and teachers two days a week and put real time and effort into that. shshe's wr

more than two dozen people have lost their lives and more than two dozen homes have been destroyed. >just want to go home. i feel really, really awful. >> reporter: rain and cooler weather help griz last night but now conditions are expected to warm up. rushing to get supplies to hard- hit towns. also big fake is here and wildlife. thousands of animals including cholos thinking errors are being cared for at makeshift clinics set up near to frontline. >> trying to pull these guys off. training for severe burns on a few of them. australia also getting in the of help from around the world including a group of firefighters who arrived monday hoping to help griz from what has been the most intense wildfire even in the country's history. >> the current situation is extreme. there's a lot of people that has been added for since september and so we are here to actually relieve and try to help. >> reporter: stress prime minister committing one point 5 million dollars. that number could go up. reporting, fox news. >> australia is well, any sort of help. for more on the american firefighters as

for more head to cbsmoneywatch.com. at the new york stock exchange, i'm naomi ruchim. >>> topping football now, a lot of red and gold at sfo. the 49ers and united airlines are hosting a pep rally ahead of the nfc championship game on sunday. >>> it's happening from 11 am to 1 pm in terminal three at the departures level. 49ers faithful, the goldrush chillers and mascots will all be there. >> it will be a party. were also getting a peek at what bands will be snacking on during the game. >> these archer ordinary game day foods. >> like angus prime rib. bolster that in the clubs for the billionaires chilly will be a hit for the club environment and right over here we have battle the gobi. i'm really excited about that. >> i want the chilly picket look pretty good. if you are not on the club level there are more reasonably priced food options including this gourmet hotdog. it's topped off with flaming hot cheetos, mac & cheese, and a chilly lime topping. to the faithful are also getting excited. only two more days until the

guy: can you be more specific than that? can you be more specific than that? next year, the year after that? , i believe, 22 anyone. -- i believe, 2021. i am not sure of the exact date, but it is coming in the next few years. guy: thank you for spending time with us today. ken washington, ford cto. let's get the first word news with viviana hurtado. viviana: we are sticking with the top story, the tensions between the u.s. and iran coming off of that breaking secretary of state press conference, and that is a warning coming from iran after the killing of the general. that warning coming from the head of national security, saying that the country is assessing 13 scenarios, but not revealing any details. the u.s. issuing a warning to shipping in the middle east and says iran could take action against american interests in the region. at least 50 people were killed in a stampede at a funeral procession for the iranian general. more than 200 people were hurt. byicials say it was caused overcrowding. hundreds of thousands of mourners have turned out in several citi

more cases have been detected.is not completely clear as to what extent that is related to a better detection or if there are more cases, so detection or if there are more cases, so it is a combination of both things. what do we know about the virus itself? is it mutating? so far, no. there is no information about that. what happens with those coronavirus is they are circulating within animals and to a particular time, theyjump to humans and they start being spread among humans. that is the current status according to the information we are managing now. china is a huge country, the authorities seem to be on it quite quickly, certainly compared to various similar cases. why do think it is proving to be difficult to contain, simply because of the size of the country and the number of people involved? definitely this is a huge impact. probably that happening in a smaller country, smaller city we would see a different scenario. nonetheless there are many uncertainties and many unknowns still in terms of the ways of ho

there's more on our website.ry now: negar mortazavi is diplomatic correspondent for the independent. he for the independent. can talk to us about the killin of he can talk to us about the killing of the general in iran. we have had issues within the iranian government, in particular, the fear that the killing of general soleimani means that citizens in iran will close ranks behind the government and the hardliners against the moderates. is that a real danger here? after all general soleimani was part of the revolutionary guard and that is a major force revolutionary guard and that is a majorforce in a rainy repression. there were massive protests in november in iran, actually. and this wasn't the first repression that they did. so they are not popular across all portions of the population but within the political factions we have seen moderates and reform ists factions we have seen moderates and reformists who have been critical of the hardcore, the core of the regime, of the revolutionary guard policies and acti

than 200 five years up more than 100, 150. know is this, apple is fast approaching a 5% waiting in the s&p. throughout history, general motors was able to do that, big steel, ibm, even exxon at one point. you never get much more than 5%. >> the tale of those stocks you just mentioned - >> so we're reaching the point where profits trim, is it steep,ilitieser all of those things take some measures, and options is a great way to do it. >> mike, one of the things you pointed out, for many, many years as you implied there, apple was a value priced growth stock. in other words, it sold at below the market multiple. and you just pointed out that it's now above it. >> yeah, i think that's quite a significant fact here's something else i think is interesting. let's take a look at what the value of the company would have to be by the time it would get called away from you here. that would represent more than a 7% increase. we're talking about an increase in the market captization of apple in the next 50 days of so of $100 billion. that

profit also have more goods out. was the government since those prices we get -- they don't know the correct price of anything so it is too lower too high, never the perfect price. it leads to horrific problems in the black market, the balance of the black market, we talk about under socialism it can't be tolerated. if you tolerate a little bit of it it undermines the whole system so you have to have informants, you have to have families informing on families, neighbors informing on neighbors and then after a while jury trials are too slow. if everybody is buying bread on the black market, that is -- all those people in the jury, you get rid of jury trials, things become more authoritarian because the policies are very unpopular but one of the examples in venezuela, it is a lot more than the price and you kind of apologize but we have stuff and are getting it to people so we have food and medicine, people get it. we are sorry we are charging more than the official price or official price, that is what happens. the pr

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top banks more than delivered.. ♪ anna: welcome back to "bloomberg markets: european open." 20 minutes into the trading day, negative session. bank earnings are also a focus for markets. trading endednd on a high. jp morgan beat revenue expectations by $1 billion. dani: not only did they beat by $1 billion, but it is the best year or jp morgan for any u.s. bank, trumping what we have seen through history. text income propelled these earnings for j.p. morgan and citi. expectations and analysts expected it to be a better quarter. you can see how dismal it was in 2018. this is a huge beat. according to jamie dimon, this has to do with improved trade relations between the u.s. and china, that gave investors confidence to trade these products. results set a high bar for the bank earnings we have on deck. before the u.s. open we will get bank of america and goldman, and later in the week we get morgan stanley. will goldman see the same trade as citi and jp morgan? for goldman, revenue is a bigger portion of earnings than

more in the south and the continent brazil argentina and others have a much they will have a much more difficult time next year i want to talk some more about china in just a moment but but 1st charles let's turn our attention to the global economy the risk of recession in 2020 is that off the table now or are we expecting a slowdown. well you know for our political and economic forecasting we work with a company called oxford economics and oxford tells us that the risks of a potential recession in 2020 are rising but that is not the most likely scenario and so so far we do not forecast a global economic recession me that said global economic growth next year is going to be sort of in the 2.5 percent area under 3 percent globally and that is grindingly slow 2019 was one of the slowest growth years since the start of the global financial crisis in 2008 and it looks like 2020 will not be much much better we forecast fairly slow growth in the eurozone fairly slow growth and dropping go rose from 21000 in the united states and so while recession is not yet on the table it may be getting it