we are joined by paul sweeney and marty schenker. let's come back to the state of the union address. let's talk about the substance. there important issues here we will be watching for. the usmca, trade, drug prices, immigration. what is the president going to say to drive investors? >> it's interesting to me that he's promising some sort of news. there's talk about the new initiative on drug prices. what a lot of people who are watching the politics will look for is whether he uses the speech to declare an emergency to get his border wall, which would be extraordinarily divisive. which ishite house, pitching this as a unifying message, i don't see how these two are consistent. david: there's this divisive message -- people want quiet at the moment. >> the selloff we saw had a lot of components, one of which was the looming government shutdown. we all know the markets do not like uncertainty. the speech interjects even more uncertainty into the political realm. alix: we were talking about the optics, some of the democratic women wear

joining us is paul sweeney.n you say it like that, it doesn't sound so good, but disney has not had a terrible quarter by any stretch of the imagination. there are some long-term headwinds that the company is dealing with in terms of cord cutting, but the core businesses are in good shape. theme parks remain very strong, continues to churn out low double-digit operating growth every quarter. the film studio is a juggernaut year after year. the real question for the company is, they are beginning this pivot toward a streaming business model for a lot of their content, sports content with espn+, and their disney content. that would be a long-term pivot and will be a very expensive pivot. investors are trying to get a handle on that and what it means for earnings, the stock. vonnie: so far, streaming has not been point to any negatives, people are embracing it as the industry predicted. obviously, investors were to look at margins. will they give disney a pass it margins continue to get squeezed paul: costs are def

bloomberg's paul sweeney, crawford del prete, thank you. you can turn to bloomberg for more on this. for more commentary and analysis from our bloomberg reporters and analysts. we will have highlights for you throughout the show. well, speaking of acquisitions, jpmorgan says there are a number of companies that would be strong strategic fits for apple if the company decides to use that cash pile. the bank says the company should look at acquiring netflix, activision blizzard, or sonos. apple has roughly $130 billion in cash in its coffers. coming up, slack inches closer to going public, filing key paperwork with regulators to move ahead with its direct listing. we will bring you all the details. and if you like bloomberg news, check us out on the radio. listen on the bloomberg app. this is bloomberg. ♪ emily: messaging platform slack is moving along with its plans to go public, filing confidential paperwork with regulators. this is one of several high-profile tech companies on track to hit the public market in 2019, including perhaps airbnb

all right, bloomberg's paul sweeney, thank you so much for weighing in there. appreciate it.tarting three years behind the u.s. in developing the technology now boasts some of the world's biggest companies in the field, there is alley about a with its mammoth e commerce, and a strangle hold on engine. search china's internet users make up more than double the u.s. population. back at takes a look took hold in et china. >> imagine if the internet took in china. imagine how freedom would spread. >> unrestricted internet access a source of strength. >> that country has some of the restrictions net in the world. >> in china on intent of rictions, a number anonymous postings have poked fun at the government. >> so you think they're ltimately going to be on the right side of history, the chinese government? nobody can sure, stop this technology revolution. 1987 in west germany and a university professor has don't an email, it contains one short across the great wall, we can reach every corner of the world. he has just received the first from china. >> china is embracing the reform

nejra: paul sweeney, great to have you with us.cil of foreign relations sticking with us. late today, jeffrey smith and 1:30 intchie join us at new york. this is "bloomberg." ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. tom: good morning. nejra cehic in london, i'm tom keene in new york. let's get to first word news. viviana: the u.s. and south korea have reached a cost-sharing deal for american forces there. a south korean news agency says it will pay about $1 billion a year, an increase of 18%. the trump administration had demanded a 50% hike. the republican-led senate rebuking president trump over plans to withdraw troops from syria and afghanistan. an amendment urged president trump not to exit the

emily: crawford del pratt and and bloombergs paul sweeney. beat expectations after the company cut costs and picked up sales during the key holiday shopping season. selina wang cut up at the ceo on thursday. >> we are showing a lot of growth internationally, which is terrific. significantly in aipac in the fourth quarter. we are excited we showed consistent results last year. we were running a predictable business because we turned to product and pricing strategy that we know well. so it is great to have that predict ability back in the business. and we finished the fourth quarter of 20% in terms of unit sales year-over-year, so that is terrific momentum. >> the new positioning is you're not trying to be relevant to everyone, but super serve that core customer. but but have you continue to monetize that same pool of people? >> we have not reached everybody in the world who can benefit from a gopro. the strategy you are referring to is customer segmentation, better understanding who in the role has a problem that gopro solve for them. it is fu

emily: crawford del pratt and paul sweeney.ro reported a profit and beat expectations after the company cut costs and picked up sales during the key holiday shopping season. but the future of their success , hinges on new product launches. selina wang cut up with the ceo on thursday. >> we are showing growth internationally, which is we are excited we showed consistent results last year, running a predictable business because we return to a product and pricing strategy that we know well. it is great to have that back in the business. we finished the fourth quarter of 20% in terms of unit year-over-year, so that is terrific momentum. >> the new positioning is you're not trying to be relevant to everyone. but have you continue to monetize that same pool of people? >> we have not reached everybody in the world that can benefit from a gopro. the strategy you are referring to is customer segmentation, better understanding who in the world has a problem that gopro can solve for them. it is funny you call it a new strategy, because it

tom: paul sweeney with us on amazon. dialogue, wehis are enthused that mr.rveillance. has joinedney bloomberg surveillance. radio, worldwide, new york, bay area, washington. it is a moon over new york city. it is a moon over long island. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. francine: this is bloomberg surveillance. tom and francine from london and new york. headlines out of the u.k. a spokesperson for theresa may saying that the u.k. has not requested the extension of article 50 and that theresa may will continue talks with mps and companies on brexit. that is a relief. hopefully, we will know sooner rather than later what those will end up on. let's get to first word news in new york city. here is viviana hurtado. viviana: both the u.s. and chin

paul: could argue they are not viable in this digital platform. they either try to live on the crumbs of the digital advertising or get bought out by somebody bigger. sweeneyking forward to that. we will continue forward on twitter this morning. we will speak with the twitter cfo in the 2:00 p.m. our. -- hour. this is bloomberg. ♪ ♪ this is bloomberg "surveillance." tom and francine from london and new york. fiat chrysler is coming out with fourth-quarter results just a touch above estimates. just minutes away from the bank of england rate decision. stay tuned for mark carney's news conference at 8:30 a.m. in new york. mpc,u were still in the which way would you go on the vote? i've seems the boe needs to give a hawk's message -- it seems the boe needs to give a hawkish message that do not know what form brexit will take. adam: there is no point in them saying anything about the forecast. they should say, we pass until further developments are cleared. francine: is it right that the market seems to say nothing is going to happen in terms of interest hikes -- interest rate hikes before 2020. brexit, were a no deal would they not have to hike? , conditional