turning now to steel and moves by the japanese giant nippon to try and buy us steel.aid it posed a national security threat. but what does a trump administration mean for the proposed takeover? and could it form a part of the conversation whenjapan�*s prime minister shigeru ishiba meets trump later today? nick wall is a mergers and acquisitions attorney, and talked me through the process that would be required to get the deal passed.— that would be required to get the deal passed. look, there's clear steps _ the deal passed. look, there's clear steps that _ the deal passed. look, there's clear steps that the _ the deal passed. look, there's clear steps that the deal - the deal passed. look, there's clear steps that the deal has i clear steps that the deal has to go through if it's going to successfully go ahead. the first step is litigation. the case is currently in front of the us courts to try and overturn the decision of president biden. whether that happens or not, i think — i think it will be difficult. we'll see what happens over the coming months. if the courts

i think from the perspective of nippon steel, it probably is. xecutive has told reporters he hopes the two leaders are expected to meet later today. he wants to buy greenland. deposits of rare earths. up in the us or eu. it's important because no one commodity should be monopolised by any one jurisdiction. that's why digging it out of the ground outside of that jurisdiction is because they control 97% of the world's satellite. so, really everything in the modern world comes down you say getting the stuff out of the ground in greenland stuff, isn't there? that's the biggest challenge we face. we — the mine itself — will be sustainable. will make the mine profitable. jurisdiction is up to where we get some funding from. we take a look now at the opening of the ninth beijing has ambitious targets "economy," with plans to use winter sports and tourism billion by 2030. on attractions such as the annual harbin ice festival. heron lim is an economist at moody's analytics we have a bit �*a that. and the heilongjiang province sees organic growth. in terms

. >> to the united states, the likes of nippon steel. >> who did. >> also refuse to. comment on news that president. >> trump is not a fan of their plan to. >> acquire us steel. well. >> their shares. >> were also a bit. >> under pressure in today's session. >> korean steelmakers. >> such as. >> such as posco. >> holdings and hyundai steel. >> also under. >> pressure in. >> today's. >> session, also. >> losing ground. but not. >> everyone was suffered. >> actually, keep. >> in mind that. bluescope steel steelmaker. >> in australia, they. >> actually operate. >> a. >> steel mill. >> just. >> about 30. >> 30 minutes. >> outside of toledo, ohio. and they are seen. >> as. having these u.s. operations that might help. >> them escape the wrath of. >> possible trade. >> tariffs on. >> steel imports. but could. >> actually oppose. >> on an. >> uptick in. >> demand from that steel mill. >> if that does. >> happen, one. >> set of markets that did actually benefit. >> in. >> today's session were greater chinese stocks. >> and. >> that's because there is. >> hope that there might

the president plans to add a 25% tariff on all steel and aluminium coming a takeover by japan's nippon steelas blocked what about aluminium, sir? aluminium, too. 25% ? 25 for both. for both. nobody can have a majority stake for us steel — they can for other companies, but not for us steel. i think you agree with that. of the company — it lost that lustre. up between the world's two biggest economies. as of today, china is enforcing tariffs on us tax on all chinese imports that he imposed last week. the chinese move is limited in scope — only hitting us goods worth $14 billion a year. that will be subject to us tariffs ever year — for ordinary americans? on sunday with fox news. you said that tariffi is a beautiful word. confidence, that they're a little jittery. _ look, we're not that rich right now. we owe $36 trillion. same thing — like, 200 billion with canada. we have a deficit with mexico of $350 billion. i'm not going to do that. trying to maintain that. for example, they launched an antitrust investigation what tiktok has experienced. they continue to weaponise their critical minerals

workers have also started to favour the deal because us steel has been struggling financially and nippon steel like investing in its domestic steel mills and protecting jobs. american citizens. when the union said they may import cheaper steel the deal, but the firms are hoping they can convince mr trump that the deal is good for the us economy. mr ishiba will likely bring this up in his meeting. former prime minister shinzo abe and the us president as he tries to avoid other things, like an economic fallout from us tariffs on the japanese economy. below £300,000. remain american, nippon steel promised to keep its leadership american citizens. a commitment that it will not. of course, that didn't stop mr biden from blocking the deal, but the firms are hoping they can convince mr trump that the deal is good for the us economy. mr ishiba will likely bring this up in his meeting. but he will have a lot to achieve because mr trump had a bit of a bromance, if you like, going on with former prime minister shinzo abe and the us president is reportedly aware of mr ishiba's not so friendly relationship

deal nippon steel. trump not meet the u.s. in gaza. and autotariffs are always on the table.e will be talking to president putin and he also says he will be meeting with prime minister xi probably very soon. those are the headlines out of the president's meeting with ishbia. this is bloomberg. this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. (♪♪) now for something you can both agree on a sleep number® smart bed is perfect for couples the climate360® smart bed is the only bed that cools and warms on each side and all our smart beds adjust the firmness for each of you let's agree to agree on better sleep. save 50% on the new sleep number® limited edition smart bed plus free home delivery when you add a base. plus 0% interest for 48 months

to iron out the nippon steel bid for us steel, another bid fer de etf-el aneth: to what is going big bang policy that be down. 7 down. we have been during his term, before. during his first term, imposed on and ig’s on aluminium and several trading later grfltggverel *eeng duty—free arrangements the eu injapan. it is britain, the eu injapan. it is not clear what will happen to not clear what vvill happen to but markets not clear what will happen to but markets are likely those, but markets are likely be on and volatile in to be on edge and volatile in response cans of sura njana tewari. sura thea tewari. sura the picturei. sura the picture in asia, thank you. let's bring in anna macdonald, investment manager at aubrey capital management in edinburgh. european markets will be opening in a few time, opening in a few hours' time, how do think will to 7 7 77 to this 7 7 to thislatest 7 to thislatest barrage of tariff news? i think much as they - done _ tariff news? i think much as they - done over - tariff news? i think much as they - done over the - tariff news? i think much as| they

out nippon steel having a ! '- or hiuher? q, ,q, , out nippon steel havinga ! '- orhiuher? an for other countries, but _ steel. they can for other countries, but i with that. steel was one with that. steel was one ofth that. steel was one oftht -reat us steel was one of our great companies _ us steel was one of our great companies and, _ us steel was one of our great companies and, - a - us steel was one of our great. companies and, - a i of companies and, through a lot of stunidity— companies and, through a lot of stunidity and _ companies and, through a lot of stupidity and bad _ —| stupidity and bad government — and - bad _ stupidity and bad government — and - bad management - stupidity and bad government — and - bad management of. stupidity and bad government —i and - bad management of the and also bad management of the company— and also bad management of the company - — and also bad management of the company - it _ and also bad management of the company - it lost _ and also bad management of the company — it lost. lustre. - company — it lost that lustre. it'll gain _ co

. has been struggling financially and nippon steel has made numerous promises, like investing in its ic steel mills and protecting jobs. to keep its leadership american citizens. and when the unions said they may import cheaper steel they made a commitment that it will not. of course, that didn't stop mr biden from blocking and mr ishiba will likely bring this up in his meeting. with the late mr abe. one of president trump's many eye—catching policies is to buy greenland — and one of the key reasons behind that is its huge deposits of rare earths. global supply of these materials is controlled powers the global economy from smartphones to jet engines it is important no one commodity should e7:5:- ny any onejurisdiction. any one jurisdiction. in by any one jurisdiction. in this case, although it happens to be not a friendly jurisdiction to the west, china, china controls of world's rare earths. so to get of is so important to get out of the ground as they do control of the world and it for everything. 77 iphone 77 77 iphone has a on at the moment. lot going on at the moment. you're it

>speaker8>the president also suggested that japan's nippon steel would no longer buy u.s. steel as planned, and instead invest in the company. >speaker10>president >>trump also indicated that he had not ruled out tariffs on japan. in the meantime, the president, whose administration is now facing another lawsuit in response to its efforts to put nearly all usaid employees on leave. but that buyout deadline that was tonight is now extended to monday. so far, at least 40,000 federal workers have chosen to take the administration's offer and resign. natalie brand has the latest from the white house. >speaker10>as buildings remain closed, the u.s. agency for international development says thousands of employees will be placed on leave effective friday night. cbs news has confirmed fewer than 300 personnel have been deemed essential of usaid. more than 10,000 staffers. it's the us's main humanitarian agency was created by congress, can only be closed by an action of congress. the group public citizen filed a lawsuit on behalf of unions, saying the trump administration's action i

turning to steel and moves by japanese nippon to try japanese giant nippon to try and buy us steel.ministration, who said it posed a national threat. what does a administration mean for proposed takeover? f“:“�*f §§m“f**§*�*“�* “é?" 5“ 7 proposed takeover? could it of the conversation form part of the conversation japan's minister when japan's prime minister shigeru whenjapan�*s prime minister shigeru ishiba meets trump later today? teter teeeg? , wall is teter teeev? — wall is mergers teter teeeg? , wall is mergers and nick wall is a mergers and attorney, and me the talked me through the precess would be talked me through the process would be required to deal 77 the deal passed. look, there are two steps _ the deal passed. look, there are two steps that _ the deal passed. look, there are two steps that the - the deal passed. look, there are two steps that the deal l the deal passed. look, there l are two steps that the deal has " "th'iiébjqii' ' " "gljt'iiédgi; if"? ' go through if it's to to go through if it's going to successful goly go ahead. the first is litigation. the case in

not% 7720 are you rolling out on steel, are you rolling out nippon the 51% steel nippon steel, the 51%teel nobody can the buyer? nobody can have the majority stake the us. they majority stake in the us. they put other companies, but in the united states. us not in the united states. us steel one of the great eteel ie ene afthegreet'” ' ' ” ” that drew on a bad companies, that drew on a bad and a companies, that drew on a �*dad and a bad oompany and a bad management. its but it will it lost its lustre but it will it lost its lustre but it will it back. and the tariffs gain it heels; add the tariffs help. well — the latest threat comes as trade tensions goods including coal, gas, oil and agricultural machinery. on all chinese imports that he imposed last week. the chinese move is limited in scope — compare that to the $450 billion worth of chinese goods on sunday with fox news. you said the is word. there are is beautiful word. there are some signs this is is beautiful word. there are some sighs this is a some signs that this is a little jittery. all goes you think iamiiies feel prices g

to nippon steel's proposed purchase of u.s. eel. let's now get to the president of the united states, donald trump. vonnie: from just a moment and for a moment, can i just let you know that the yen has been weakening. it's trading 15159. that is not on one particular country. that is a generalized statement from the president. michael mckee joining us. we have the university of michigan inflation expectations which spoiled the market. >> there were some good and some bad come and ugly. if you want the good, 143,000 jobs isn't great created by -- they revised up december 307,000. so that is certainly good. and we saw the announcement rate go down. we saw average hourly earnings rise by a stronger than expected half a percentage point. and then you've got the bad from the university of michigan. the university of michigan sentiment index dropped constantly. and the ugly ills the university of michigan inflation number. up a full percentage point to 4.3% from 3.3%. looking at the possibility of tariffs, vonnie, and that scared peop

high on their agenda will be the bid byjapan's nippon steel to buy us steel.ut both firms hope president trump will see things differently. our asia business reporter mariko oi has more. president trump has previously said he would also block the deal but the two companies are definitely trying to save the deal. for example the boss of us steel reportedly met with him on thursday and this comes one day before the japanese prime minister shigeru ishiba meets with the us president. joe biden blocked the deal, citing national security concerns, the two firms sued the previous administration. the interesting thing about this deal is that while the union is against it, not only the leaders of us steel but some workers have started the leaders of us steel but some workers i as 5 started the leaders of us steel but some workers ias he arted the leaders of us steel but some workers ias he is ted this, especially as he is to avoid things like from j pfromus % 7 7 from us pari'ots on the economy. “— economy. —— from us and visa regulations. centres. side of the border.

panama did agree to withdraw from china's belt and road mr trump also announced that japan's nippon steelaking an investment in the american company. a sale was blocked by presidentjoe biden over national security concerns. mr trump reiterated on friday that he also opposes a sale. meanwhile, the us president postponed a call with his panamanian counterpart, jose raul mulino, a day after mr mulino accused the us of spreading "lies and falsehoods" about the panama canal. mr mulino made those comments in response to claims from the us state department that panama had agreed to waive fees for us government vessels crossing the canal — something he said wasn't possible under pa nama's constitution. panama did agree to withdraw from china's belt and road infrastructure programme — a move criticised by china's foreign ministry as "sabatoge." three women who used to work at the british department store harrods have accused mohamed al fayed's only surviving brother, ali fayed, of sexually assaulting them when they were employees of the department store. their claims date back to the 1990s, when a

administration. while the union is against it, not only the leadership struggling financially and nippon steeltop mr biden from blocking mr trump that the deal is good for the us economy. mr ishiba will likely bring this up in his meeting. former prime minister shinzo abe and the us president as he tries to avoid other things, like an economic fallout from us tariffs on the japanese economy. in almost 5 years. india's economy is still one of the fastest—growing in the world — but that growth has slowed to a four—year low — as the high cost of living hits consumer spending. of the central bank. making them keep the high interest rates for the last two years is slowly easing to a more comfortable zone. and that was a big trigger. growth is slowing down. we've seen corporate profits shrink and corporate saturday, where the finance minister the rbi governor is also hoping that that could boost growth as well. and we have news that, you know, prime the kansas city chiefs will be hoping to achieve a historic philadelphia eagles in new orleans on sunday. president trump will be there, the first sitti

that list, as well. to have recovered slightly. was in the us last week to try and iron out the nippon steeldustry — and it looks like trump supports a deal for an investment rather than a takeover. is a big—bang policy that will then be scaled down. trump imposed 25% tariffs on steel and 10% on aluminium, but later granted several trading partners duty—free exemptions. with britain, the eu and japan. in response to these kinds of announcements. and experts from more than 80 countries are gathering speaking to journalists on sunday, france's president macron promised more than 100 billion euros a trillion dollar stargate project announced by the trump administration. intelligence over the next few years. the announcement by president macron is a sign of growing ai competition between the us, europe as our ai correspondent mark cieslak — who's at the summit — explains. action summit is seeing who is vying to become the next to the summit, including people like sam altman, us vice presidentjd vance will also be at the summit close behind the us, we have china. had costjust $6 million to develo

rich: and president trump announced that japan's nippon steel will invest in u.s. steel.steel for $15 billion which president joe biden rejected while in office and trump was on the same side with biden on that issue. to discuss that issue with me is richard stern, from the federal budget at the heritage foundation. thank you for joining us. >> thank you for having me on. rich: all of this with nippon steel, do you think that an investment is going to solve this issue and eventually going to move on here? >> absolutely. this is trump the deal maker that we've come to know and love. we're talking billions, perhaps tens of billions of investment in building new factories, breaking ground and building up the capacity that leads to good jobs and restores the manufacturing base. rich: do you think that the biden administration's concerns were overblown here? >> the thing about this, the biden administration doesn't like production, things being made here, they didn't like supporting american workers. i think that trump has figured out a secure way to preserve our steel industr

but this potential announcement about nippon steel to take over u.s. l might be in a real icebreaker here. >> this is a big opportunity and i hope we do see something like this. look, to our strongest, one of our strongest allies in the region. so important to us in terms of countering china and also keeping a lid on north korea. but people also forget this. japan is our largest source of direct foreign investment into this country as well too. as an ally, but has got some really good, productive, innovative ideas what to do with u.s. steel that i think would be healthy for the industry. i believe that the blocking of that was a bit poli knee-jerk ad would send a strong signal for the u.s. and japan to walk out with a different mind-set. >> sandra: alex, this was exactly the president a few minutes ago. in the white house, listen. did you change your mind about u.s. steel? >> no, we will discuss it today. we will have some pretty good information on pat. >> sandra: heck of a tease, alex, so that leaves us wondering what is coming. >> we will have to wai

mr trump also announced that japan's nippon steel instead making an investment in the american companyerns. mr trump reiterated friday that he also opposes a sale. meanwhile, the us president postponed a call with his "lies and falsehoods" about the panama canal. mr mulino made those comments in response to claims constitution. infrastructure programme — a move criticized by china's foreign ministry as "sabotage." this update from mexico city. jimmy carterto sign an agreement that put it back in panamanian control in 1999. that, of course, is going to continue to keep the two countries apart on this issue, because the panamanian government, the panamanian president, jose raul mulino, is completely convinced that this is panamanian territory, it is sovereign territory, and it is not to be meddled with. let's talk about some of the positives that have come out of this week of washington's attempts at diplomacy on this issue. first, secretary of state marco rubio�*s first international trip was to panama. his trip around the region began there, and he held talks with president mulino on t

we know that nippon steel had originally had this deal. you know, multi-billion deal to try and buy u.s. steel, something that president biden actually blocked. the president last week said. he said there's going to be a big investment in u.s. steel from nippon. still waiting on those details as well, john. >> so a lot of us went to sleep late last night after the super bowl and woke up early to the news of this new war on pennies. what's going on with that? elena? >> that. that's right. we saw the president post overnight about this, saying he was going to be directing the treasury department to stop minting pennies. i want to read for you what he wrote. he said, quote, for far too long, the united states has minted pennies, which literally cost us more than $0.02. this is so wasteful, he said. in that post, he went on to say, i have instructed my secretary of the united states treasury to stop producing new pennies. now, the move is really the latest in what we've seen has been a rapid fire effort by the trump administration to try and fi

the president plans to add a 25% tariff on all steel and aluminium coming a takeover by japan's nippon steel

. >> are you ruling out nippon steel having a 25% stake or higher? pres. can have a majority stake. they can for other companies, but not for the u.s. u.s. steel was one of our great companies, but through stupidity and bad management, they lost. but it will gain it back and tariffs will help. sumi: the suggested tariffs are expected to have the biggest impact on canada, the largest exporter of steel to the u.s. the united steelworkers union condemned trump's tariffs arguing import taxes threaten thousands of canadian jobs and decades of economic cooperation. canada supplies more than half of u.s. aluminum exports and sends 6.6 million tons of steel to the u.s. last year. china imposed retaliatory tariffs on the u.s. charging $14 billion worth of goods. including a 15% tax on imports of coal and liquefied gas and 10% on food, oil, engines and machinery. i spoke with a former senior economic advisor to president trump and current cochair of the pro-trump save america coalition. i want to ask you about what president trump says he plans to do which is slappin

there was this big debate about whether this effort by nippon steel of japan to buy the u.s. steel company would go through here, the president saying that that would be psychologically not a good concept to have japan own it. instead, he says that japan will invest heavily into the company. the japanese prime minister there saying that the japanese would provide new technology that would help enhance the product. that would be good not only for japan and the united states, but for the world. the president also making a number of headlines. he was asked specifically about access to sensitive treasury department systems and other government agencies. we should note that host some of the most sensitive information about millions of americans. we're talking about social security numbers, financial information. it was reported in recent days that these two doge employees gained access to it. very unclear exactly the extent of their access. it was decided in court that at least when it came to the treasury, they would have read only access. the president there was asked about it, b

started to favour the deal us steel has been because us steel has been struggling financially and nippon steel" american citizens leadership american citizens and when the union said import 7 import cheaper 7 import cheaper steel 7 import cheaper steel from may import cheaper steel from abroad and stop producing steel in the united states they made that it will not. not stop biden the deal but firms blocking the deal but the firms are hoping they convince mr that deal is for trump that the deal is good for the us and it will be the us economy and it will be likely brought up in the 7 but but there 7 but there will be a achieve it there will be a achieve it there mr be a achieve it there mr trump had ofa of a romance, if you a bit of a romance, if you like...” on with the former 7min7ister us prime minister and the us president is aware president is reportedly aware of �* siva's president is reportedly aware of �*siva's not so friendly of mr siva's not so friendly relationship with the late relationship with the'late ~~ ~ ~ ~ ~ so will see - �*he7 , - ,, �*he can �* he can navigate 7 �* he 7can

mr trump also announced that japan's nippon steel is dropping its $14.1 billion acquisition of us steelesidentjoe biden over national security concerns. mr trump reiterated friday that he also opposes a sale. the united nations says there's been a staggering rise as their recruitment by criminal gangs surges. the un's children's organisation — unicef — released a report saying sexual violence against children is under the control of gangs. to half their members. were killed in gang violence in haiti. live now to geeta narayan, unicef representative in haiti. welcome, thank you very much for being with us. really shocking statistic from the un. violence, sexual t 1 against 7 w tagainzst children violence against children searching by 1000% since 2023, us usa us a sense us a sense of what you are give us a sense of what you are seeing in that regard on the ground? seeing in that regard on the round? , w seeing in that regard on the ground? — seeing in that regard on the round? ,, ., ., ground? thank you for having me toda . ground? thank you for having me today- we — ground? thank you for

i mean, he said nissan, but he meant nippon steel. that's obvious.investment versus outright purchase is interesting. so whether or not, you know, there's a buyout of u.s. steel which and you got to watch clf cleveland-cliffs is another player. your buddy lorenzo goncalves, the ceo of cleveland-cliffs, who's come after me a few times, but i think he's a he's a straight shooter. they're involved in this. how this plays out. >> ultimately will. >> not only impact x, meaning u.s. steel, but also clf. >> sure. and also our relations with japan. so in this meeting, there was there's been discussion from the president where he says, you know, i'd be open to tariffs on japan, that sort of thing. and everyone said, wait a minute, they're an ally. so what's this all really about? they are also right up your alley talking about more u.s. sales of lng. >> yeah, and that's it. the japanese are here for a reason. maybe i should stay tonight. i used to be a commodities trader, briefly for a japanese bank, mitsubishi bank desk, and knowing what they might be able t

markers for them to continue discussions further. do you think of the what do you think of the nippon steely steel deal? that there was by president biden. do b'fif'fed ht! presieeht eden?“ 5— 5 5 55 55 55 5 think will, now you think that will, now that president trump is in the white house? it president trump is in the white house? 5 president trump is in the white house? , , , es %fm %*m m this is this the first time, it is more of a meet and greet, each other 7 eachiotherupf 7 77 ' ' each other up. it 7 ea7c7h7oth7er7up.77lt7would 7 7 sizing each other up. it would probably be wise for prime 7 issue but to steer minister issue but to steer clear of these issues and maybe casually mention. maybe there is a steel thing we can is a us steel thing we can. talk. later. but when he does about later. but when he does want to talk those issues want to talk about those issues in he does have two put in depth, he does have two put forward plan or to mr forward a plan or prove to mr that this could make trump that this could make america more if i his advisor i would advise to away from that on teth

casually mentian it, aver as the maybe casbally mentien it, ever as the us there as the us and nippon steel forward a plan or i guess prove to trump how this could te mr truraa hew this deal eeulel america more td mr trunaa haw this deal eduld america more prosperous. make america more prosperous. so that is a tall so that is a bit of a tall order. i would ugly, so that is a bit of a tall order. iwould ugly, i so that is a bit of a tall order. i would ugly, i would advise him to stay away on this aaaeaa bidi'taaaaa'aaaaa'ad .ale reset in a relationships reset in a sense it away president trump, it away with president trump, canada and mexico, and canada and mexico, friends and neighbours slapped with tariffs, and then china has neighbours slapped with tarif beend then china has neighbours slapped with tarif been on |en china has neighbours slapped with tarif been on the china has neighbours slapped with tarif been on the receiving end also been on the receiving end of tariffs. there some of tariffs. is there some trepidation about where japan when it 7 when it comes to whe trump? as to 7 §=

you know, 25%, 25, 25, about it on steel, sir, are you ruling out then, nippon steel having a 51% stake or higher? they won't have anything. nobody can have a majority stake for u.s. they can for other companies, but not for u.s. steel. i think you agree with that. u.s. steel was one of our great companies and through a lot of stupidity and bad government and also bad management of the company, it lost that luster, but it's going to gain, in fact, and tariffs are going to help. tariffs are going to make it very successful again. and i think it is good management now. yeah. so it's going to be a mass one for you can you tell me can you confirm that you'll be meeting with nbs and sisi of egypt soon? will that be at the white house? well, i'll be meeting with all of them numerous times, by the way, but i'll be meeting with all of them. and yeah, i think that it's a big mistake to allow people, the palestinians or the people living in gaza, to go back yet another time. and we don't want hamas going back. and think of it as a big real estate site and the united states is going to own it. and

steel, buying nippon steel and import of l.n.g. what were the communication discussions with president trump for the $1 trillion of investment from japan, what was his reaction? what about your communication on tariff front? >> this is the first time i met with president trump in person. so this was the first time meeting face-to-face. but for many, many years, i have watched him on television, so it was quite -- i was so excited to see such a celebrity on television, to see in person. on television, he is frightening and he has the very strong personality. but when i met with him, actually, he was very sincere. and very powerful. and with strong will. for the united states as for the whole world. i was able to feel that. this is not for publishing or trying to suck up to him. for world peace and regional stability that both of our countries need to play a role. and make our efforts and responsibility, increase our defense expenditures. it is not what they are tissue it is not that we are told by the united states to do so. japan,

steel by nippon steel, and there are expansion of import of lng. what were the communication discussion that you have with president trump for the $1 trillion of investment from japan's investment? what was his reaction? what about your communication on terror front? -- on tariff front. pm ishiba: [translated] this is the first time that i met with president trump in person. so this was the first time meeting face to face, but for many, many years i have watched him on television, so it was quite -- i was so excited to see such a celebrity on television to see in person. on television, he is frightening and he has a very strong personality. but when i met with them, actually, he was very sincere. and very powerful and with strong will for the united states as for the whole world, i -- whole world. i was able to feel that. this is not the sort of polishing or trying to suck up to him. for the world peace and for the regional stability that both of our countries need to play our role and make our endeavors and responsibility. as for the increase of o

let me get your take on the deal that's pending, nippon steel and u.s. r president biden infairly judged their $14 billion merger, giving the companies no chance for any feedback on what they're calling a sham national security review before the deal was blocked. you know the deal was blocked but they're fighting it. both companies claim cfius violated due process rights by allowing virtually no substantive engagement with the companies. your reaction to the ongoing legal battle. do you think the merger takes place and what's the impact? >> well, i think that first and foremost they do have to look at what is strategic to america. and even beyond energy, steel is the most strategic product you need a country. you don't have energy without steel. so there is a nation nailing nal security issue in terms of preserving the steel industry here in america. you know, i can't tell you what goes on in the back rooms to really look at what the real true security issue is or what their data points were that they looked at but i can tell you that steel is absolutely

joe biden blocked nippon steel takeover bid and trump has said he supposed to a deal. south african president says his nation will not be bullied. using his date of the nation address to decry the rise of nationalism and protectionism. he spoke after marco rubio said he would not attend the g20 summit in johannesburg this month. earlier this week, president trump falsely accused south african authorities of seizing private land. >> we will not be deterred. we are as south africans a resilient people. and we will not be bullied. [applause] tom: coming up, european companies struggling to access proper funding to grow with many choosing to take their listings across the atlantic. that's the subject of our big take today. that story coming up next. this is bloomberg. ♪ tom: good morning. this is bloomberg daybreak: europe. these are the stories that set your agenda. scott bessent tells us he backs a strong dollar as he looks to project a sense of stability in u.s. economic policy. investors watched today's jobs data from the world's largest economy. amazon forecasts faile

steel by japan's nippon steel. now, u.s. steel says it's the only way it's going to survive. president biden opposed the purchase as well. the white house says there will also be punitive tariffs announced today against two. how much? a little fuzzy will stay on top of that for you. friday we found out american hiring slowed by quite a bit. the latest jobs numbers showed 143,000 jobs added to the economy last month, compared to a seasonally adjusted quarter million the month before. but the economy continues to chug along. the unemployment picture still looks great. the economy is still producing robust numbers of jobs, and the outlook is looking great for the soft landing. well, that said, a few thousand meta employees just opened their emails, found out they've been cut. a memo first seen by reuters says those who will be laid off today would be informed by email 5 a.m. our time. these are expected cuts. we just didn't know who. president trump also says he's ordered the u.s. mint to stop making pennies. it cost the government more money to make a penny than it's worth. no

the discussion with the steel producer comes after nippon steel's a bid to acquire u.s. was scuttled last month by then-president biden who cited national security concerns. donald trump has cited the same issues, but lawmakers are also stopping by the whys. president trump -- the white house. president trump linking up with congressional republicans to debate the size, scope and details of his, quote, big, beautiful bill to cut taxes, regulation and government spending. fox business' edward lawrence fresh out of a press gaggle with the white house press secretary. he joins me now. >> reporter: liz, i want to give you breaking news. we're hearing are from a white house official, they're pushing back against that "wall street journal" report that the administration plans to fire thousands of health and human services workers. that official telling us that there will be no such -- that is not true, there will be no such executive the order firing thousands of health and human services workers. now, on the other subject, some in the house of representatives are floating the

japan's nippon steel saying it is considering bold revision toss the buyout proposal of u.s. reate a win-win situation for both japan and the united states through significant investments. the new plan coming after president trump said no one can have a majority stake in u.s. steel. the stock this morning is up almost 7%. today, trump is set to impose an additional 25% tariff on all steel and aluminum coming into america. u.s. steel stock down 20% in the last year. this morning, bouncing, up 6.9%. broader market looks like this, futures indicating a pretty good rally at the start of trading, the do dow industrials up 144, we've got fourth quarter earnings season in full swing. we'll hear from mcdonald's this morning, followed by coca-cola out tomorrow, paramount global after the bell on wednesday deere and within and wendys on thursday. with us now, brad mcmillan. i want to get your take on earnings. how would assess the quarterly earnings and what do you think is behind the firmer stance kicking off the new week? >> i think the market is looking at the earnings that are comin

minister hoping to avoid a trade war with trump the two leaders might discuss blocked merger with nippon steelyesterday. president trump scheduled to meet with panama's president as eric using the trump administration of lying about a deal that would give the u.s. navy free access through the panama canal. there are many more interest that unite us after a few canal tools that don't amount to $10 million for country like the united states it's not like the canal tolls are bankrupting the u.s. secretary of state marco rubio slamming panama for making the u.s. pay access the canal. watch. >> the united states as a treaty obligation to to protect the panama canal that treaty obligation not to be enforced by the armed forces of the united states and the u.s. navy i find absurd we have to pay fees to a trend that is on that we are obligated to protect and a time of conflict. >> meadow ceo is mark zuckerberg visited the white house they said he was there to discuss the role in helping the trump administration strength in the tech leadership on the world stage of white house officials confirmed witho

mr trump also announced that japan's nippon steel a sale was blocked by presidentjoe biden over nationalhe panama canal. state department that panama had agreed to waive fees something he said wasn't possible under panama's constitution. ministry as "sabotage". gubernatorial bid — hejoins me from columbus. and stephanie rawlings blake is former mayor of baltimore, and served as secretary of the democratic national committee. she joins us from new york. great to have both of you here. let's dive right in. a very symbolic move we saw today, the sign move we saw*today;*the sign being taken off of usaid literally being taken off of usaid here in washington. we saw that lawsuit �* partially blocking some tithe? " " ' 7 thepresent's n 7 the present�*s moves 7 the presents moves to the present�*s moves to downsize " fifederal 77 " 77 federal agency — that federal agency — what do you make of what he's doing — which could be unconstitutional? this is power that's only granted generally power that's only granted to congress. generally power that's only granted to comma-— to congress. many people,

japan's nippon steel wanted to buy it. agreed no sale but today in promised an investment deal is to come. pres. trump: we are doing it as an investment purchase. correspondent: as he extends ahead to some, trump and efficiency czar elon musk are working to push workers out and chip away at their agencies. workers dismantled the agency side at what was usaid. 300 workers total may be allowed to could -- to continue. pres. trump: we have very smart people going in. go into education, military, other things as we go along, and they are finding massive amounts of fraud, abuse, ways, all of these things. i will pick a target and say go in. correspondent: elsewhere -- democratic members of congress were turned away at another agency where they say they had unanswered questions. >> where is your bill? where is your budget proposal? correspondent: house minority leader hakeem jeffries and other democrats are stepping up witticism who have not come up with their draft for a critical budget deal, and they say are ignoring funding p

but the latest on this first, trump said earlier today that he continues to oppose a nippon steel takeover of us steel. later, he said, though, that the company is now considering an investment. >> in us steel rather. >> than a purchase. >> and. >> that that's. >> an arrangement. >> that he would support. >> take a listen. >> we didn't want to see that leave and it wouldn't actually leave. but the concept psychologically not good. >> so they've. >> agreed to invest heavily in us steel as opposed to own it. >> and that sounds very exciting. >> and we're going to meet with nissan next week. >> the head of nissan very. >> great company and they'll work out the details. >> note that he did say nissan there, but. >> a source familiar. >> clarified to me that he meant. >> to. >> say nippon. now still. >> a. >> lot of outstanding. >> questions on how. >> exactly this would be. structured and how significant. of an investment this. >> would be. >> trump did say that he would. >> also be a part of those meetings. >> between company. >> executives next. >> week. >> that he'll be there. >> to. >> hel

mar-a-lago after a meeting with the japanese prime minister that brought the end of japanese owned nippon steel's attempt to buy u.s. steel. >> doing it a as an investment, no longer a purchase. >> it was also a busy week for the world's wealthiest man and special government employee evening. >> is he not shy. elon is not shy. >> "time" magazine show's musk behind resolute desk. >> "time" magazine still in business? i didn't know that. >> complaining about musk's outsized influence. >> congress has to stand up and fight we need people across this country to stand up and fight to not agonize against these people. the democrat use of the term unelected is really quite remarkable here. donald trump was elected in an overwhelming landslide. these are donald trump staffers. >> so-called sacred crew cows of the federal budget could be on the chopping block. >> education, just about everything. >> a doge staffer was fired thursday after inappropriate posts on x surfaced but vice president vance wrote: i don't think stupid social media activity should ruin a kid's life so i say bring him back. then fox n

japan's nippon steel wants to buy it but the sale was blocked by joe biden. trump has agreed so far no sale but promised an investment deal to come. >> they are doing it as an investment, not a purchase. >> as he extends a hand to some, trump and elon musk are pushing to get workers out. workers dismantled the agency sign at usaid. leadership has been told it as few as 300 workers total may be all left. trump was asked about musk. >> we have smart people going in so i have instructed him to go into education and other things as we go along and they are finding massive amounts of fraud, abuse, waste and all these things. i will pick out a target. >> elsewhere -- >> we are members of congress. >> democratic members of congress were turned away at another agency where they said they had unanswered russians on capitol hill -- questions. on capitol hill, house democratic leader hakeem jeffries and others are criticizing republicans in the president for not coming up with a draft for a budget deal and they say they are ignoring funding problems and the sudden unrav

. >> reporter: trump also announcing nippon steel will make a major investment in u.s.fter biden blocked the japanese company's $14 billion takeover bid. so, president trump left the opposite of hitting japan with tariffs on the table and has planned for reciprocal tariffs and risks sparking a trade war. economists warn that tariffs are a tax on consumers by raising the price of goods. janai? >> janai: all right. selina wang, thank you for that report this morning. >>> now to new concerns over bird flu in the nation's egg supply with moves by new york's governor to close many live poultry markets to try to stop the spread. abc's ike ejiochi is here with the very latest on this. good morning, ike. >> reporter: hey, good morning, janai. the governor says this order to close several live poulry markets is out of an abundance of caution and to thwart any more transmission. this morning as the price of eggs skyrockets across the country, the governor of new york temporarily shutting down all live bird markets around the new york city area after discovering multiple cases of

steel, nippon steel and expansion of -- what were the communication discussion did you have with president bush marked $1 trillion have an investment of japan, what was his reaction? what about your communication on the tariffs front? this is the first time that i met with president trump in person. so this was the first time meeting face to face, that for many, many years, i have watched him on television so it was quite exciting and so exciting to see such a celebrity on television, to see in person. on television, he is frightening and he has a very strong personality. but when i met with him, actually, he was very sincere. and very powerful. and with strong will. for the united states and the whole world. i was able to feel that. this is not the sort of publishing or trying to suck up to him. for the world peace and for the region stability, that both of their countries need to play our role and make our endeavors and responsibility. as for the increase of defense expenditures, but is not that we are told by the united states to do so. japan on our own, on our own decision and on our o