you can learn more on the bloomberg, and that is your global business report. omberg.com for more business stories. mark: donald trump's nominee for attorney general jeff sessions is on capitol hill today. with thes from there latest, kevin. we had some protesting. what are the highlights so far? you are seeing democrats try to frame senator jeff sessions, as senator here in capitol hill, as trying to be someone who is and they are bringing up his racially charged statements he made decades ago. up thatassley bringing this is someone they believe is restoring law and order. the backdrop is what a lot of the unrest we have seen in recent years. no questions on whatever one wants to know about on the bloomberg, mergers and acquisitions, how he would enforce and regulate entities such as the at&t and time warner deal. i anticipate at some point, in the next hour or so at the hearing. addressw will he immigration, marijuana, voting rights, hot topics right now? >> hot topics and topics a lot of folks are anxious to hear about. this was an ultraconservative in the se

many that was just one of quick takes you can find on the bloomberg. the latest business news and analysis for the four hours a day. that will be at for "bloomberg best" this week. thank you for watching. i am erik schatzker. this is bloomberg. ♪ david: did you think you would grow up to be the ceo of a large company like pepsi? indra: it is a dream come true. david: when you get advice do you ever listen to it? indra: you never know if a nugget can translate into a success for the company. david: not long ago an activist showed up. indra: my job is to make sure the company is performing very well. david: suppose somebody has a product from a company that is based in atlanta and you see it in their refrigerator, what do you do? indra: i let it be known i'm very unhappy. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed. let's leave it this way. all right. ♪

♪ >> coming up on bloomberg best, the stories that shaped the week in business. e trump administration hits -- ground running, ask acting swiftly on campaign promises. >> he wants to create jobs in the u.s.. >> we will start adding fair shakes and better deals with trading partners. >> lots of people were hoping he would start with tax cuts and tax reform. >> the dow jones hits 20,000. we ask, what is in a number? >> we expect 10 ipos in the next three weeks. greed comes back. >> parliament will vote on brexit as the united kingdom leaves they european union. not be quick. >> if anybody moves from london, they are welcome in madrid. >> corporate earnings, we will run down the results. >> investor confidence is there. >> one objective is to get a better balance of profitability. >> we are reviewing our priorities. >> that is all ahead on bloomberg best. >> welcome. this is bloomberg best, your weekly review of important business news, analysis, and interviews from bloomberg television around the world. , on monday, look three days after the in our president trump g

erik: that was just one of many quick takes you can find on the bloomberg. he latest business news and analysis for the four hours a -- 24 hours a day. that will be at for "bloomberg best" this week. thank you for watching. i am erik schatzker. this is bloomberg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening with a series of conversations examining the legacy of president obama. in two weeks, he will leave the white house following eight historic years in office. among his signature accomplishments are comprehensive health care reform and overhauling financial regulation in response to the worst economic crisis since the great depression. donald trump's election has raised questions about whether these and many other achievements of the obama presidency will endure. joining me from boston is doris kearns goodwin.

still ahead as we reviewed the week on bloomberg best, exclusive fed insight. d expert opinions on the most significant risks facing global economies and markets in 2017. up next, more of the week's top business stories. meeting expansion into asia and different parts of the world. >> this is bloomberg. ♪ ♪ >> this is bloomberg best. more developments in the unfolding trump transition. starting with the nomination of a new leader for the exchange commission. >>, trump picking -- donald trump thinking a head for the sec. jay clayton is a expert. he will ensure that our financial expectations -- institutions can thrive. it sounds like, some think the ultimate wall street insider as chief.chief -- sec >> some of the biggest players have done some ipo work for the biggest deals ever. alibaba for example. you're talking about someone who has spent well over a decade representing some of the firms that are ultimately under the regulatory oversight of the sec. the battle over the fate of the affordable care act is underway. the opening salvo is taking place on capitol

let's check in on the bloomberg first word news. courtney: top u.s. an intelligence official say russia poses a threat. national intelligence director and other intelligence officials are testifying right now at a senate armed services committee focused on russia's meddling in the u.s. residential election. >> i believe we need to separate nsa and cyber comp we should discontinue the arrangement which i helped design when i was undersecretary defense of intelligence seven years ago. this is not purely a military issue. i don't believe it is the nsa's or i long-term interests. vonnie: russia is a long -- >> russia is among 30 nations developing capabilities for cyber attacks. trump says now is the time for republicans and democrats to replace obamacare altogether. on twitter today, he accused democrats of playing politics and knowing what a mess they are in. he says both parties need to develop a health care plan that is much less expensive. syrian state media say nine people have been killed in a car bombing. it is the first explosion since a new cease

vonnie: if you were a hedge fund and you took a position on the pound, if you listen to my bloomberg,ll see the function, spot returns, the canadian dollar at this time last year was the one you saw the most strength versus the pound, the new zealand dollar and a time you trillion dollars next and then other currencies. what are hedge funds saying about this year? parity,ere looking at how do you see a very different picture? spot returns, what are hitch -- hedge playing out? willing like they are to keep writing this dollar strength train which makes sense when you point out that it is the canadian dollar and the australian dollar that are gaining the most out of this which makes sense because they are kind of more higher yield in currencies compared with the pound. for sure it seems like the dollar rally, we may get some pullback here and there, it seems like trade is here to stay. vonnie: if i can ask you about rotation, we had bill gross today saying that 2.6% on the 10 year treasury was a lot ticker news than just hitting 20,000 on the dow. when it comes to the ftse 100, where is

this dropped on the bloomberg has calledhe u.s. r an emergency un security council meeting on iran, a quick turnaround. few hours away from tuesday midnight. there are claims that iran testfired a ballistic missile. claims,e uncooperative but the ap is reporting that sean spicer says they don't know the exact nature of this alleged test, but they expect to know information later on. true, iranrts are could be in violation of a security council resolution that prohibits ballistic missile tests designed to deliver a nuclear warhead. in the 2015 nuclear deal, it did extend that ban for about eight years, but iran has been known to flaunt that restriction in the past. those are the facts as we know them. the phrase "you're fired" back in folk, but this time with real policy consequences. who would have thought it? >> this also dropped in the past few hours. it has been a busy monday night. folks at the white house, a lot of information and events, but donald trump saying you're fired to the acting attorney general of the united states,

all of that ahead on "bloomberg businessweek". ♪ oliver: we are back with "bloomberg businessweek" editorture. let's start with pets. there is some over medication going on. megan: alleged over medication. we explore the corporatization of health care and how pets are being treated like humans are in terms of getting wellness plans, private equity funds, investors going in and corporatizeing this space, how they are trying to extract a higher premium for care, how they are trying to get people involved in payments for this care. as a result of that ship, some overmedicated, getting more tests than they need, and frankly paying more money for their dogs and cats than they should be. oliver: there's conflict in this story too. it focuses on a veterinarian who goes back and forth. megan: it does go into this. they have had a long tortured legal history on both sides of that argument, but the bigger picture is are we serving our pet population as well as we can or should be? vaccines, have we devoted enough care? one of the most fascinating places is how veterans are still regulated by the de

it rose from higher income on fees and its business in brazil. the bank chairman told bloombergshe is counting on business in emerging markets and consumer finance to offset low interest rates in europe, growing regulatory costs, and weak demand for credit at home. we have more of that exclusive interview ahead. that is your bloomberg business flash for this hour. mark: i want to take a look at where european markets are trading five minutes away from the end of the session. stocks are off to a bit of a rally. there are no record highs, but still the stoxx 600 is at its highest of the year. highest since december 30. the dax is that highs it has not seen since may 2015. have a look at the currency board today. sterling's highest against the dollar since december, up by two thirds of 1%. the big news is that theresa may says she will publish a white into on brexit, giving some of those opponents of brexit who want more detail on theresa may's part as she begins negotiations between the u.k. anti-e.u. to extricate the country from the body. the euro is up against the dollar today.

still waiting on a comment to bloomberg from fiat chrysler. shares are down 16% and halted. courtney donohoe has more. theresa may will make a speech on her approach to brexit next tuesday, according to her spokeswoman. she has been under pressure to lay out her strategy for triggering the formal negotiations. senate republicans have cleared their first big hurdle to appeal obamacare. they attached a measure to a budget resolution which would allow them to repeal much of the affordable care act without votes from democrats. republicans have not agreed on a replacement. donald trump says he would force the pharmaceutical industry to bid for government business, putting him on the side of democrats. kellyanne conway spoke about the issue to bloomberg today. >> if he can talk to private industry, if you can bring along the public-sector, it is a healthy conversation to have. we hear from people daily, as i am sure journalists at bloomberg do, that they feel crushed the cost of the drugs they need. we should at least have that conversation. courtney: pharmaceutical and biotech st

welcome to a special edition of "bloomberg best". ons program, we will have the most important business news, analysis, and interviews from across asia we brought to you on bloomberg television in 2016. as the year began, china was the focus of concern for investors around the world. worries about slowing growth, a sliding currency, and an economy in transition. the anxiety came to a head with a market rout in january. >> new year, a new roller coaster it seems, the chinese markets in particular. trading had to be closed early. circuit breakers kicked in. >> do you think the circuit breakers that are designed to mitigate volatility actually contributed to it? >> certainly some of the market says it did intensify selling. >> china is having a night. meddling in their markets once again. sources say the nation has taken steps to support equities and currency following yesterday's 7% tumble on the shanghai composite. >> we had sweeping intervention today by the government, they intervened to shore up the stock market. for currency. the cen

>> coming up on "bloomberg best," the stories that shape the week in business around the world. the trump transition rolls on as the president-elect meets the press, and hearings heat up on capitol hill. >> the plan put into place is basically trust donald. >> he's not moving where he needs to move. >> contentious is an understatement. >> brexit worries bring down the pound. china causes global concerns what you're seeing is a bumpy road. >> things could change the game for drug companies. leaders tell us what they are expecting. >> at the end of the day it's about what value is being generated for the patient. we have to be careful not to lose the baby with the bath water. >> and more political pressure, top c.e.o.s explain how they plan to steer forward. >> we have more in common with the administration and the president-elect than we have at odds. >> eventually good paying jobs helps my business. >> it's all straight ahead on "bloomberg best." ♪ >> hello and welcome. this is "bloomberg best." your weekly review of the most important business news and analyst from bloomberg tel

that's the latest bloomberg business flash. the m&a function onloomberg, global deal made thing is off to a 100 $30 billion start. the resurgence of m&a should continue through 2017. i spoke about this with its global vice chair of transaction advisory services. >> there are a few key drivers. one is the search for growth. ceos trying very hard to grow their businesses at above gdp type rates. the concept of future proofing, preparing your business for digital disruption that is creating a blurry of section lines and changing buying patterns is causing a shift in business models. sometimes the fastest way to tackle it is through an and day. throughout 2016. two other factors that are important -- one is geographic expansion, so despite the nationalistic discussion, geographic expansion will continue. private equity is going to come back. the stats are wonderful and this is one of my favorites when you talk about cross border overhaul. worth 1.3border deals trillion dollars. that's 37% more value. canarea that stands out -- china still dominate glo

oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloombergusinessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. >> i was at davos. many globalng how business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, the defense space. you would think business leaders would be unsettled by this and that their business would be targeted, but when they compare and contrast with obama, that at abouttrump is visible putting business first and a huge priority and that he will start dialogues with industry and identify where the regulatory and tax landscape may need to be changed. he has overtly threaten companies that if they move jobs out of the u.s., there will be repercussions. uncertainty,e is there is a clarity that there is a dialogue more than they had with the obama administration, and what they hope first and foremost is that they are

bloomberg. let's get a check on the markets. asian markets solidly in the green with a benchmark at the highest level since september of last year. this is bloomberg. ♪ caroline: i'm caroline hyde, this is "bloomberg technology." coming up, the tech earnings parade marches on with alibaba leading the charge. how the bets on content and the cloud is paying off for china's e-commerce giant. plus, new market highs for the s&p and nasdaq. we will break down what stocks are leading the game. and the verizon-yahoo! deal is still in play, but now going into overtime. we will look into potential impacts on the acquisition of -- after verizon's worst performance report since 2014. alibaba shares popping after they purported -- reported better-than-expected quarterly results. the company lifted its yearly sales forecast. spending in the world's second-biggest economy stays strong. alibaba's new ventures are bolstering the giant. tim writes for bloomberg. selena, first to you. dig into the nitty-gritty for us. selena: it's almost too good t

francine: still to come on "bloomberg best" year in review we go to the mdle east. son will follow the drama opec and markets and saudi arabia's vision 2030 overhaul to move the kingdom away from its dependence on oil. and much more on the repercussions of brexit and bloomberg's exclusive interview with vladimir putin. >> despite the criticism of our western partners, we are developing processes for democracy. >> this is bloomberg. ♪ with the xfinity tv app, anything with a screen is a tv. stream 130 live channels. all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. ♪ guy: welcome back to this special edition of "bloomberg best: a review of 2016 in business across europe, middle east and africa." i am guy johnson. let's focus now on the middle east. the year began with optimism that the oil market would rebalance by the middle of 2016, but early on, producers found themselves facing a supply glut and a price plunge. >> more than $100 billion wiped off the 6

you can now listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. s bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. ♪ caroline: welcome back to "the best of bloomberg technology." i am caroline hyde. speaking at a news conference wednesday, president elect donald trump said he will repeal the affordable care act. then thursday, the senate took the first step in

you can now listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. bloomberg. ♪ ♪ caroline: welcome back to the "best of bloomberg technology". i am caroline hyde. speaking at a news conference wednesday, president elect donald trump said he will repeal the affordable care act. then thursday, the senate took the first step in repealing the affordable care act in a razor thin vote. obama care helped to connect the health care system to technology. we explored the changes under the groundbreaking law. >> when the affordable care act was signed into law in 2010 one , of its main goals was to bring u.s. health care into the digital age. since then, investment in digital help technology has exploded. venture funding rose from $1 billion in 2010 to $6 billion in 2015. that money is going towards electronic health records and computer modeling to track spending. major companies want a piece of the action. ibm launched its watson health unit in 2015, and since then, spent $4 billion on related acquisition. last year, general electric said it expected its i.t.

you now can listen on the bloomberg radio app, bloomberg.com and in the u.s. on sirius x.m. this is bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business.

this is "bloomberg market" on bloomberg television. reasing according to moritz kramer. earlier, he spoke to "bloomberg east."middle he warned that to cheap arteries at the negotiating table are far apart on procedure and policy. >> the likelihood of a hard brexit has been increasing over the last couple of months. hard brexit meaning the u.k. would leave the eu without any substitute agreement in place. the reason for that is really twofold. the first one is simple. it is a lack of time. this is an awfully short amount of time to negotiate a complex web of relationships. the second is the two starting positions of the negotiations to be so far apart and struggling to see any overlap where compromises can be struck. u.k. seems to be saying that we want to control immigration, we want to not be under the jurisdiction of the european side. seems to be side suggest suggesting the eu is not a buffet where you can pick and choose what you want. you have to take it all or nothing. if you are to control your borders on immigration, that means

on xfinity x1. flex of this special edition of bloomberg best. a review of 2016. a. i guy johnson. guy: let's begin with the middle east. you begin with optimism. but really on pledges is found himself facing a supply glut and a price plunge. >> within $100 billion has been went off the 61 company bloomberg world of oil and gas indexes you. withts the biggest low in nine a decade. >> pick-up throw-in in the towel. hedge funds have cut their best. would close to that point? twice we are seeing the conditions for a bottom. we are not there yet. >> look on oil first you need to break evening. >> at 60 we could balance the books effectively. >> the press at the end of the would be what? tortilla. you can come back and kill me because i try will be wrong. >> this meeting ended less than an hour ago. the market work of little disappointed because it would a cut? >> it was too much to ask for the first meeting of the two countries. at least publicly. producersit is -- oil agree at we are seeing crude tumbling this morning. >> what happened? was it fixation? i were going t

in london, and in asia on the bloomberg radio plus app.atures the unlikely rise to success of america's looking. he is the my pillow guy. if you listen to radio or watch cable television, he's in my twitter feed now, he is a mail order pillow guide. my husband actually bought a bunch of those paulo's. they are everywhere. they are ok. he sold 26 million and isnting, but his story incredible, a reformed crackhead . he is not shy about it, who almost ran his pillow start up into the ground and is now a full on mogul. carol: he was a drug addict for a long time. >> he owned lunch carts and a bar owner, started using cocaine and always had this dream of inventing the world's greatest pillow. aiver: he literally did have dream. isn't that what he says spurred the idea? >> exactly. now he talks more about prayer, but he said the original vision came to him in a dream. he felt like he would invent the world's greatest pillow and solve everyone's pillow problems. he went obsessively about trying to create a kilo. oliver: it was very much trial and

on uae on bloomberg television.. ♪ ♪ >> coming up on bloomberg best, the stories that shaped the week in business. the trump administration hits -- ground running, ask acting swiftly on campaign promises. >> he wants to create jobs in the u.s.. >> we will start adding fair shakes and better deals with trading partners. >> lots of people were hoping he would start with tax cuts and tax reform. >> the dow jones hits 20,000. we ask, what is in a number? >> we expect 10 ipos in the next three weeks. greed comes back. >> parliament will vote on

oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief meganphy of bloomberg businessweek. and the global economy section, you take a look at china and it looks like they are taking moves that could shore up the steel industry. >> this is one of the concerns, this massive oversupply in the steel market, and even though there has been a concerted national domestic policy to glutss that to reduce that in the steel market, it hasn't manifested. on the supply side, they are trying to trim that down. they need that to go down to have the steel price go up to make this supply and demand work for an industry that has been really hit hard by massive oversupply. this piece does show that by limiting production, that is having a positive impact and shows signs of progress in terms of bringing that price up and making it more sustainable as an industry. oliver: let's talk about transparency as it applies to our president-elect. donald trump who -- >> good luck. oliver: donald trump will be in washington, d.c., and you look at the conflict. megan: that hot

bloomberg news. david, a great piece he's got out on the bloomberg. ing to see fewer hands on deck needed. >> it is starting to look that way. part of this is because of lower oil prices. oil companies were forced to pull up pencil and start to look at the costs and figure out how they can do more with less. what you start to see is a push towards automation. they should start to roll out in more earnest in the near future. you are also seeing rigs that are already existing that can drill faster. they are a lot more efficient in the jobs they are doing. that all means you can do the same amount of output with fewer rigs, so you need less bodies employed. one piece of machinery you have got right now on the rig is called the iron roughneck, and it helps reduce the number of roustabout's. those of the kind of classic, iconic workers in the field that grabbed the big heavy pipe and have to clamp together and connect sections of pipe and put it down. you no longer need as many guys as that. we are looking at -- sorry? caroline: is there any positive outcom

francine: join us for a look back at 2016 on "bloomberg best." ♪ francine: welcome to this special editionf "bloomberg best." we will review the most important business news and analysis across europe, the middle east, and africa we brought to you in 2016. that's -- let's start with one of the biggest stories this year, brexit. as soon as britain announced it would hold the june 23 referendum on european union membership, markets reacted and a fierce debate began. alix: the prime minister answering questions from lawmakers in the house of commons. he's been making a case for staying in the european union. mark: is the brexit risk exaggerated? >> it seems to be a serious risk. it is not a central case but we have been arguing for many months investors need to take notice. >> obviously this has really enhanced uncertainty, and it will have a big impact on the market, and mark carney said they are going to make plans. mark: the chancellor of the exchequer outlined the budget for great britain, revised down growth and warned of economic risks of leaving the european union. >> it had a whiff of

on your 201 k. this is bloomberg. ♪ dwyer on stocks in a minute. right now, foreign exchange. strong swiss over the last month. francine: coming up shortly, it is bloomberg daybreak: americas with david westin and jonathan ferro. david, what do you have on the show today at go david: we have some great people. mark kiesel of pimco will be here, talking about how he is hedging against risk going into 2017. health care is a big topic. we heard yesterday congress moving forward with a reversal on obamacare. we have an interesting new tech approach to this. a big new deal today will be announced on the air about how they will help regular patients save. that and a lot more, tom. westin, thank you so much. this is about your wallet, your pocketbook, and your moldy equity account. tony dwyer is with us. this is on stock selection. the trite answer is, where is the next apple? but do you care about stock selection versus etf's fidelity in the news today, that they will go into the etf business very late? do you really care about stock selection? tony: bloomberg has a great story abou

stay tuned this is what is coming up on "bloomberg markets: middle east". arabia's master plan to and more on oil renewable energy. we will take a look at the blueprint, coming up. this is bloomberg. ♪ this is a look at the first word headlines. theresa may set to announce the u.k. will pull out of the eu single market tuesday. the british prime minister will say she has no interest in a half in, half out approach. start shifting jobs from london to europe. urging nations to join the tpp as soon as possible. donald trump campaigned on opposition to the tpp. speaking in hanoi, shinzo obvious that it should pave the way for partnerships. achieving tpp as the foundation going forward, i should like to strive towards high-quality and ambitious agreements such as rcep. japan would like to be the standard bearer for the free trade regime at all times. donald trump has met martin luther king jr. the third to discuss what king described as america's broken voting system. the son of the murdered civil rights leader said the talks on the holiday honoring his father fo

♪ >> coming up on "bloomberg best ," the stories that shaped the week in business around the world. e president-elect meets the press. hearings heat up on capitol hill. >> the plan at this point is just to trust donald. >> he is not moving where he needs to move. >> contention is an understatement. chinanomic news from causes global concern. >> i think you are seeing a bumpy road. politics might be about to change the game for drug companies. leaders in the industry tell us what they are expecting. >> at the end of the day come up more value is being generated for the patient. we have to be careful about not losing the baby with the bathwater, and that is innovation. tell us about their plan to move forward. >> we have more in common with the president-elect and the incoming administration and we have at odds. at odds.e have >> that is all ahead on "bloomberg best." ♪ michael: hello and welcome. i am michael mckee. this is "bloomberg best." bloombergy review of television from around the world. let's start with a day by day look at the top headlines. on monday, the spotlight fell on

david: straight ahead on "bloomberg best," one of the year's most significant showdowns. us the united states government. in the dispute over privacy, did anybody win? >> i'm not sure this really works in anyone's favor. david: this is bloomberg. ♪ david: uber is taking a big step forward in self driving cars. starting later this month, the ride-sharing company will allow customers in pittsburgh to hail autonomous vehicles from their smartphones. >> they have embarked on this crazy research that they thought would take decades, and it is -- and they are trying to launch it right now. and it is very exciting and leaps them ahead of google and tesla, even though google is seen as the leader in terms of technology. ♪ david: you are watching the "bloomberg best 2016: america's year in review." i am david westin. apple remains the world's most profitable technology company, but, for a few weeks in 2016, it was also america's most controversial after it refused to comply with a court order to give the government access to data from an iphone linked to a terrorist attack. emily:

much more ahead on bloomberg markets. lows and on pace for another day of declines. 19,810.down .8% to the s&p 500 is being led lower by companies experiencing earnings misses, big ones for under armour down 21%. ups down 6.5% and the nasdaq is down just more than .5%. this is bloomberg. ♪ ♪ david: this is "bloomberg markets." i am david gura. vonnie: i am vonnie quinn. let's head to julie hyman with a look at tech movers. broadly is underperforming today and has been really since the election. here are some of the large shares today. microsoft is down, intel, facebook, mastercard is lower after the company's earnings missed estimates and revenue missing estimates as the company felt pressure from its european business, in particular the effect of the stronger dollar. i made a simple line chart is -- of what is going on with technology postelection -- technology is in white. it is up about 5% since the election. of the s&p 500 in the aqua color up about 6%. consumer staples are the worst performing, down by less than 1%.

on populism, trump, and davos. this is bloombergndon. francine lacqua and tom keene. lots going on, none of it matters to wall street. bank of america will be -- we will be in this hour with j.p. morgan and wells fargo. it is all interesting as they reset and recalibrate for 2017. let's get to "first word news" with taylor riggs. has hit back media at donald trump's choice to be secretary of state. communist party newspaper says is tillerson's suggestion foolish. another newspaper says he placed -- that he displayed undisguised animosity toward china. james mattis is the latest cabinet choice to break with trump on the issue of seeking better ties with vladimir putin. he told the senate armed services committee that russia is a strategic competitor with which the u.s. will find little common ground. a white house surprise led to tears for vice president joe biden. what he thought was going to be a farewell turned into a public ceremony. president obama awarded the presidential medal of freedom to joe biden. global news 24 hours a da

caroline: foxconn, you put out a brief on bloomberg gadfly. uying all around what seems to be a deal coming from foxconn and touting apple might support them in building this big factory in the united states. on theonn chairman weekend pointed out that it is a wish and not a promise. that is an important caveat from the billionaire chairman of foxconn. he has make governments around the world believe he may invest in their countries, but has not always followed through. you can't blame him for that, because governments and officials and the governments are getting ahead of themselves, but he has been patient, but also aggressive, going to various governments and saying if you want me in your backyard, you have to offer incentives. he said that at the year end party, that he would be looking at stakeholders in the u.s. for the best deal. means tax incentives, cheap land, electricity, all those things that cost money. if he can get a good deal, then he will consider it. tat, not all for one way for donald trump. david, give us your view on all th

secretary of treasury larry summers speaking earlier on bloomberg daybreak america. nside, we have got the nikkei to 25 it down once again 1.2%. always -- k here is lunars due to the holiday. equities in this part of the world sliding. golden seeing gains. u.s. stocks dropping the most since the november election. concern as to america is leaning towards isolationism and this is overshadowing the progrowth agenda. we are looking at india's largest mobile carrier and invitations there. rishaad: it is almost 10:00 a.m. in singapore, 1:00 p.m. in sydney. i'm coming to you from bloomberg's asia headquarters in hong kong. this is bloomberg markets. the asia-pacific on the retreat as u.s. stocks fell the most since the election. president trump and his controversial policies are the catalyst as he is under attack from silicon valley and wall street. afterding dollar charge warnings of losses to come. i will take you right across this part of the world from tokyo, sydney, to mumbai. first in our hong kong studios. sophie kamaruddin. down pointan stocks 05%. .he reason is set

let's check in on bloomberg first word news.mma chandra has more from our new york -- more from new york. emma: a day after protesters jammed several airports, the president said just one hundred nine international travelers out of 325,000 were detained. they said president trump made reference to his new policy of meeting business leaders. president trump: we had a good day in terms of homeland security. we had decided to make the move. putor federal judges have part of the immigration plan on hold. according to abc news, the president has narrowed his shortlist to two federal appeal court judges. there has been an opening on the court since last february when antonin scalia a died. in quebec police say they don't know the motive for a deadly attack on a mosque. six people killed and eight wounded. canada's prime minister calls it a terrorist attack. he was once one of the richest people in brazil. now the former billionaire has been arrested in rio dean -- in rio de janeiro. batista is a target in the long-running investigatio

oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are back with megan murphy. week editor-in-chief. lots of must reads. one with a bit of scandal and south korea. tell us about their pension problem. megan: this is fascinating. it is a glimpse into a country wracked by this scandal and crisis over its pension fund, collusion about directing money in this pension fund. this has been a long-running issue there. there has been tremendous political and economic headwinds there, but it gives us a glimpse into, you don't get a lot of that impact you see with this and how unusual this is, how public it has been, and how serious it is for that country. it has been wracked, truly, by crisis over the last few months. carol: all these relationships. in politics and policy you look at another border issue for donald trump that has to do with the natural gas pipeline that snakes its way to west texas and into mexico. megan: it is a really odd group of characters, carlos slim, donald trump, and what it is looking at is this window into what we will be focused on for the next

oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloombergusinessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. >> i was at davos. many globalng how business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, the defense space.

this is the "european" on "bloomberg markets." ♪ "eruopean close" on "bloomberg markets."s out of china, japan, and russia. thanks talk syriza and today. jp, bank of america reporting gains. we break down the key numbers. vonnie: pound-sterling traders brace for theresa may's speech next week. mohamed el-erian gives bloomberg k's news on the trump trade. without encouraging signals from the new administration, strauch's -- stocks will struggle to go higher. mark: looking at european equities and trading.

for more we are joined on the phone by a bloomberg reported. y is the timing of his tweets significant? we're talking one day after he received an intelligence briefing from the top officials in the u.s., from the director of the cia, the director of national intelligence, and ahead of the national security council. -- national security agency. we are talking about a classified reefing he has received that was long anticipated, and he was told putin personally directed these attacks. a declassified version of that review was made public. the whole world is really able to understand some of the conclusions the agency has come to. russia will continue to do this. there are calls for stronger response. sanctions.ssued for stronger and even republicans within trumps party. than 24 hourss from his briefing in a series of tweets calling for warmer relations with russia at a time when many are saying they need to strike back harder with tougher sections and even a stronger cyber spot, that's what makes it very significant as the tone of the tweets sayi

that is the latest bloomberg business flash. 2017,he first one of starting the year with a battle over prices, and the chinese yuan, i have my judges, this is bloomberg. ♪ mark: time for the global battle of the chart, the most telling chart of the day, what they mean for investors, accident on the bloomberg by running the function at the bottom of your screen. starting things off in 4017, a huge honor, taylor riggs -- for 2017, a huge honor, taylor riggs. -- natural gas prices, oil has which lower, natural gas prices down over 10% this morning, you will see that in the white bar, the biggest one-day change. this morning when i came in around 5:00 a.m., down 6.5%, the biggest one-day drop since july and out way surpassed that, down the biggest drop for one day in one year. what are the factors? the supply and demand, technical factors, help production in the blue line, it had come down which increased crisis. what happened today to cost that big drop? i blame it on warmer weather, analysts saying the forecast for mid-january are a lot warmer than usual, using or withdrawing less natura

you can now listen on the bloomberg radio app and on sirius xm. oomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >> this is an update of the top stories. an advisor to the bank of japan governor says no rates will be raised until inflation is at the 2% target. bank says it will not tighten policy until it is assured of reaching its goal. the bank is potentially

carol: "bloomberg businessweek" is available on newsstands now. bloomberg.com. let's talk about our favorite story. carol: i like the story about the pillow. i am familiar with the infomercials. you really found out about his back story. i had no idea he was a drug addict for so many years and really struggled with that, lost his home, wife, but did create this incredible business, and the story digs down into it. i have to admit i have a couple of "mypillows" on my bed, but i felt like i got a feel of how he created his company. oliver: you always see the infomercials and never know what goes on behind the scene. this is a guy that truly built an empire for himself. carol: how about you? oliver: i liked davos. this is the big economic forum that happens every year, sort of thought-provoking and business provoking event. this year there is a lot of pushback. what they ultimately came to do was to create globalization, and it will be interesting to see what comes out of it. carol: especially as so many people at davos missed the donald trump winnin