[ indistinct conversations ] >> quinn: allons-y, s'il vous >> quinn: allons-y, s'il vous plaît.nditioner. give us a week, and we'll change your bed forever. want more freshness? add new downy fresh protect. does your makeup remover every kiss-proof,ff? cry-proof, stay-proof look? neutrogena® makeup remover does. it erases 99% of your most stubborn makeup with one towelette. need any more proof than that? neutrogena. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me. every great why needs a great how. >> eric: so, what are you gonna do? >> liam: do? >> eric: i mean, the situation seems...completely untenable. >> liam: let me put it to you this way -- the idea of fixing my life seems so impossible to me at this point that i'm starting a foundation to fix the world instead. it's more manageable. >> eric: i'm sorry, liam. >> liam: thank you. and i know you can't say much. she's your granddaughter. you were at t

as he he was getting ready to get his procedure he had monsignor quinn's image in mind. he. he just thought of monsignor queen. he came to that surgery very successful. he attributes that express to the intercession of monsignor quinn. >> he he also built an orphanage in long island. when workout out there is a black is there at the kkk burnt it down. he rebuilt it in the kkk burnt it down again. >> the story goes he confronted the kkk right outside -- and he said if you're going to burn it on your going to burn it don't mean my people in it. you not to do this again. he stood up to the kkk. >> monsignor quinn work there and he was a pre-still a priest till his dying day and he was buried right there. he still there. >> ron, you did the right thing by us. chase the story on food and he brought some. >> talk and everybody in here everybody's busy these days and a lot of people are subscribing to come is like lou apron and plated which deliver ingredients to your meal. door. one problem is that indian food is a cuisine that averages 20 or 30 ingredients per dish. a 23-year-old

just see if you can walk on it. >> quinn: ohh. well... >> eric: [ sighs ] >> quinn: [ chuckles ]

you. >> quinn: aww.t's almost christmas, and there is still so much to do. >> eric: well, if we run out of time, we'll just throw tinsel all over everything. >> quinn: that's very festive. >> eric: yeah. i hope so. >> quinn: it's gonna be wonderful. our first christmas together. >> eric: another chance to unite our families. >> maya: you ready for your first christmas? >> rick: not excited enough to stay awake, i guess. >> maya: i know. i need to get her down to daycare for her nap.

>> quinn: small, quiet moments that we make. >> eric: no moment with you is small. >> quinn: [ chuckles ] >> eric: each one is vastly significant. >> quinn: [ giggles ] >> eric: you make me very happy. i'm happier than i've ever been in my life. >> quinn: well, i am so glad

>> quinn: small, quiet moments that we make. >> eric: no moment with you is small. >> quinn: [ chuckles> eric: each one is vastly significant. >> quinn: [ giggles ] >> eric: you make me very happy. i'm happier than i've ever been in my life. >> quinn: well, i am so glad because i feel the exact same

and i am vonnie quinn. it -- i am vonnie quinn. nejra: i'm never take. -- i'm nejra cehic.icials are pledging prudence when it comes to monetary policy , while at the same time, promising an active fiscal policy. scott has more from hong kong. >> monetary policy will be printed and its fiscal policy will be -- cadres thrashed out their plan for 2017. it comes pretty much as a policy makers who have done a fairly good job compared to where some of the bears views of china were at the start of the year for people thought the economy was going to follow the rails. 6.7% for the full year from what are economists surveyed think. let's give room to move slightly tighten for property, debt, and will forward all structural reform. those of the other key messages the got today from this look ahead to the 2017 policy. more of the same, a little bit of tightening around the edges. that is a policy outlook for china. from china, we are looking at the trump affect on the etf market. reached a low of $33 billion. will that rally last? -- will that rally last? this is bloomberg. ♪ ♪ >> th

this is bloomberg. ♪ vonnie: this is "bloomberg markets." -- i am vonnie quinn vonnie quinn.rning signs that retail sales may not be as pure. joined byi am bloomberg gadfly's shelly banjo. people are out there spelling. retailers are ceiling -- see ok sales. it will not blow anyone out of the water, but it will not be anyone bad. vonnie: our discounts making up for the deficit? morey: we are seeing discounting, which is a surprise. retailers worked hard to pull wouldnventory, so they not have to go crazy. but we are seeing more discounts and then i think people were expecting. vonnie: we had a good black friday. that pull sales from the christmas season? shelly: i think they did. those shopping events really capital -- catapulted people into the stores. it is a long season. six weeks or even more. it will keep going throughout january. people go back into return things and pick up even more stuff. vonnie: the economy has been growing and there has been some ,age increases, but generally there's a malaise, particularly among the middle class or lower. where are we seeing spend

>> quinn: yes and no.

his latest "colin quinn: the new york story" is currently streaming on netflix.riend, colin quinn. ♪ [ cheers ] >> seth: hi, buddy. >> well, with that guy's credit, i expected it to be, like, toothless and his head like this. look at him, a normal guy after all those years. >> seth: yeah. >> and 17 psychotic punk and metal bands, you know? >> seth: no, dave is keeping it together very well. >> i know. you really held it together. >> thank you. >> seth: you know, i want to talk about you because you -- i'm worried about you holding it together. you were supposed to be here a few months back -- >> yes. >> seth: to promote your web series "cop show." >> yeah. >> seth: a fantastic show. >> oh, god. >> seth: i got to guest on it this year. >> yes, you were amazing on it. >> seth: thank you. a lot of people told me that. >> yeah, a lot of people -- [ laughter ] but one applause was worse than no applause. i appreciate it though. >> seth: what is worse? because you feel like they thought every -- they only did it because they thought everybody was going to. >> yeah. and

>> quinn: "stay away from stfy"? you realize i'm married to her grandfather and we work at the same compa. >> liam: at the same company. yeah, i know. and you'll nod and smile politely in the hallway and you'll say "happy this or that holiday" or whatever when required. but that's it. i'm not gonna let you manipulate your wac life. >> quinn: [ scoffs ] this is a tremendous opportunity for steffy. you should be so proud of her. >> liam: i am proud of steffy. i'm very proud of her. and she absolutely deserves to be c.e.o. but having y attached to the offer is a huge red flag that i see even if she doesn't. >> quinn: oh, so that's why you're here puffing up your chest, making all these thres. she's not listening to all your dire warnis shngs, i

the question is -- what happens when quinn realizes th? what happens when she sees that she gave up that c.e.o. position for nothing? she's gonna go afterteffy. that's what -- this is why -- thihys is w steffy has to turn down the job. she cannot let quinn keep matingnipulaer. >> eric: so, what about it, st?

i'm a vonnie quinn.re following -- italy prime minister makes comments about the future of the country's troubled banks. then home prices in london are falling behind. we will tell you why price gains in the capital are lagging. today's quick take, we will take a look at the upcoming battle over immigration once president-elect trump takes office. will he be able to build the wall with the support of congress? minister the prime talked about migrants, the banking system, and a wide range of other topics. he held an interview year news conference. he says that fixing italy's struggling banks will be long and complicated. key financial officers of britain's companies are optimistic. they said ceos will remain controversial -- they said ceos will remain cautious. it has picked up, but it has not picked up. in the long-term, we remained quiet -- quite concerned about the effects of brexit. some uncertainty around brexit continue to exercise a dampening effect on transfer expenditures. vonnie: for the first t

i'm vonnie quinn.economic slump in china sparked a global economic slowdown and triggered turbulence around the world. sinces are students -- steadied. joining us is the chief strategist at sobercrest asset management. formerly a business professor in beijing. we have a chart here showing the 7% and where china says it will be. the fact that china may actually abandon that. where do you see gdp growth in 2017? >> china is getting a cyclical lift on the back of stimulus, but that is just covering the underlying problems and making it much worse. we continue to see a slowdown in growth. and it continues to be a problem. vonnie: is a something china can manage through a weaker currency? since we had the seven mark and then retraced a little bit, it looks to be stabilizing. country, aurplus weaker currency will not help it make the kind of adjustments it needs. whatnteresting thing is the trump administration will do. they will probably label china as a currency manipulator. in and of itself, it does not d

i am vonnie quinn.s is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. the week began on a note of optimism for oil. >> opec has sealed its first output cuts with independent producers in 15 years. oil ministers met in vienna and agreed to reduce output by 1.2 million barrels a day. saudi arabia signaled it is ready to cut production more than expected, promising a reduction of 450,000 barrels per day. russia and other non-opec nations pledge to cut production by 558,000 barrels a day by january. >> i have to say the situation is different as we go country by country, but i was pleasantly surprised to see so many countries respond to the invitation to participate to help to stabilize the market. >> i think the big highlight , we have two highlights. one was russia and non-opec producers committing to reduce production. some of the reductions in productio

in hong dong i'm vonnie quinn. made possible by bloomberg television] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] david: we're covering stories from houston to washington and geneva this hour. here's what we're watching. donald trump rally is making history with the dow recording the biggest five-week jump any new president has seen since 1900. we have a chart you cannot miss. the u.s. will take action in response to russian cyberattacks intended to interfere with the election. the president-elect continues to dismiss the claims of foreign interference. and super bowl 51 will be here before you know it. we'll have a guide how to get to houston if you are willing to fork over the cash. we look at the markets. >> after early gains and with the major averages flirting with record highs, we're now looking at mixed and choppy trading right here. ever the dow s&p 500 lighter. some could reflect quadruple

. >> she plays quinn, the scheming exec producer of a dating reality show. come on! come on!begging constance to take the part twice before she finally accepted a role she now loves. >> are you similar at all to quinn? >> stop talking to me. >> i think that's why people will take pictures of me from afar, and they always seem to be very afraid of me. >> i am nothing, nothing like quinn. >> married with an 8-year-old daughter collette, constance says that at 84 years of age she couldn't be happier. >> can you age in hollywood. >> i would like to say right oo here on "entertainment tonight" that i don't want to do anything to my face ever. i would like to get old. i would like to play those characters that get old. i -- i want to age. you just have to know that you're enough, and if you think that your face isn't that, then it's not the part for you. i'm never going to be angelina jolie. never! so, you know what? i'm going to be constance zimmer and i'm going to be the best -pconstance zimmer i can ever b >> and one of the best things about constance? her holiday gift giving. >

vonnie: and on vonnie quinn. this is bloomberg markets.ad of the referendum vote. joining us with his outlook, the head of fixed income for columbia threadneedle investments, which have $180 billion under management. so, jim, we have been talking all week about how markets have been pricing in a no vote in the referendum, but if you look right now, assets are really showing little panic. you see the 10-year yield come down in italy on the bloomberg. you have the german and italy bond spread, you see that spread coming down, and 10-year bonds have had the best weeks in september. what is happening? jim: i think a few things are happy. number one, the selloff was big. number two, there is a recognition that the ecb will continue to be a protective backstop against either banking in italy or the periphery itself, and finally, there is a recognition that perhaps the referendum itself is not the key issue. that is the starting point for a number of issues that then come lindsay does it mean designs, gridlock, a caretaker government that is effe

the question is -- what happens when quinn realizes that?hat happens when she sees that she gave up that c.e.o. position for nothing? she's gonna go after steffy. that's what -- this is why -- this is why steffy has to turn down the job. she cannot let quinn keep manipulating her. >> eric: so, what about it, steffy? will you accept the position of c.e.o. of forr

vonnie: i am vonnie quinn. this is "bloomberg markets." biggest look at business stories in the news right now. military employees are among the victims of the newly disclosed data breach from yahoo! it mirrors the sale of the main web businesses to verizon. yahoo! says 2013 breach may have affected more than one billion user accounts. in september, yahoo! says personal information of at least 500 million account holders was stolen in a 2014 cyber incursion. more, just ahead. nbc is bringing olympic program into the u.s. after years of trying, they agreed with nbc in the package that will offer year-round olympic programming. nbc will launch the new network in the second half of 2017. it owns u.s. rights to televise the games through 2032. aviva group is working with morgan chase on a possible ipo next year, according to people familiar with the matter. the health care from could be guide at about 600 million u.s. dollars. they have a plan to raise about $300 million from the ipo. that is your latest bloomberg business flash. let's had to

. >> ridge: well, you know that quinn put that idea into granddad's head. please don't misunderstand. we all think you're incredibly talented, and no one knows this company better than you do. but you just don't have the experience that i have or that rick has. i mean, if it weren't for quinn, we -- >> steffy: look, i don't like it, either, but there are benefits to me being in charge. by pooling my shares with granddad, we could have a lock on the company, and we can keep quinn in check. she's president, steffy.

so we started this relationship with paul quinn.et destiny, and she was fantastic. >> reporter: but as important as career and college are to sorrell's vision, he also pushes his students to engage in community service. >> we believe that colleges have a fundamental responsibility, if you're located in an urban area, to turn outward and address the needs of the communities you serve. we are in a food desert. there's no grocery store for four miles. right? i mean, that's real. someone's going to figure out the urban issues. why shouldn't it be the people who came from those urban communities, that have a vested interest in those neighborhoods? >> reporter: in keeping with that mission, the college donates 10% of the produce from the farm, named we over me, to the surrounding underserved community. >> if you look at the need around you, and you look at your resource, you can say, hey, i can use this space right here to grow what my community needs. where someone else sees hopelessness, you see an opportunity. >> reporter: in dallas, f

so i have quinn. >> who is quinn. >> brady quinn. >> who. >> notre dame, quarterback, now doing announcement, that is quinn sullivan. then i have maclin, that was when they were drafting jeremy maclin. we have a family connection to that one there is a family component. >> is what component of maclin >> and, third one is gruntowsk i. >> kelean for winslow. >> we sit around draft daze and you take your phone, that is a good name. holden. whatever it is. and, whatever it is. then we just hash it out by the end. >> we wanted to do shackle ton with my first choice for quinn >> first name. >> shackle ton. >> like he was one of the greatest ever, he ended up. >> you were considering naming your first shackle ton. >> yes. >> what happened is when you have baby, they are so little. he cannot possibly be a shack willton. >> yes. >> that is huge. >> yes. >> you call him shack. >> yes. >> okay. >> you might as well stuff him in the school locker right now >> yes. >> wow. >> shackleton. >> shackleton. >> but i do struggle with names. so we will set up a story and tell you about, it is a struggle that is

. ♪ >> quinn: "stay away from steffy"?ou realize i'm married to her grandfather and we work at the same company. >> liam: at the same company. yeah, i know. and you'll nod and smile politely in the hallway and you'll say "happy this or that holiday" or whatever when required. but that's it. i'm not gonna let you manipulate your way back into steffy's life. >> quinn: [ scoffs ] this is a tremendous opportunity for steffy. you should be so proud of her. >> liam: i am proud of steffy. i'm very proud of her. and she absolutely deserves to be c.e.o. but having you attached to the offer is a huge red flag that i see even if she doesn't. >> quinn: oh, so that's why you're here puffing up your chest, making all these threats. she's not listening to all your dire warnings, is she? [ scoffs ]

i am vonnie quinn. oliver: i am oliver renick.erg world headquarters in new york we will be covering stories from cleveland to london, jerusalem and the arctic circle. u.s. stocks retreat from record highs as the dollar trades at its highest level in decades. at itsr confidence is highest level since 2001. what does that mean for the retail sector and the u.s. economy as a whole? we ask that question to jack kleiman. the world's most famous pop up .otel, a behind-the-scenes look halfway into the trading day, avalanche -- abigail doolittle joins us. abigail: yesterday's rally has evaporated. stocks opened slightlhi

as brian quinn explains, columbia explains their exchange rate is the free market at work.

vonnie: from bloomberg world headquarters in new york, i am vonnie quinn in this is bloomberg markets. time for the latest business flash. a look at some of the biggest business stories in news. consumer confidence in the u.s. has risen to the highest since before the 9/11 attacks. optimisticere more about the labor market and current conditions. allow foris poised to the next year. the company is trying to boost trading with foreign investors. first nation in the council to permit the sale of securities owned by another investor. ce to be thea worst year yet for active managed mutual funds. time, there were 429 billion in exchange traded funds. that is your bloomberg business flash for this hour. oil has been surging since that opec deal for a seventh straight session, the longest since august. will they continue in the new year? bloomberg intelligence has released its outlook. now we are speaking with bloomberg analyst about onshore and offshore drilling. >> for next year, i mean the focus in this year was u.s. onshore. plan has been that in previous recoveries, typically land drill

vonnie: in new york, i'm vonnie quinn. european close on "bloomberg markets." ♪ we will take you from new york to london, to paris and stockholm in the next hour. here is what we are watching today. decision day, the fed gets ready to raise rates for the first time in a year as the dow flirts .ith 20,000 vonnie: president-elect donald with the mostng powerful leaders in the tech industry. a massive shakeup at goldman .achs a how leadership is changing behind the scenes. mark: let's look at where european equities are trading. investors twiddling their

i am vonnie quinn in new york and this is the european close on bloomberg.u from new york to london to washington in the next hour, and also covering stories out of germany and israel. secretary of state john kerry set to give a speech any moment, offering what he calls a comprehensive vision for how peace in the middle east can be achieved. and israeli minister has called the speech "pathetic." stocks trying to add to their records around the globe, u.k. joining in record territory. we will have the latest trades. shares in japan's toshiba have plunged the most on record thanks to the westinghouse writedown. is the nuclear business in deep trouble? have a look at where european equities are trading right now, just under 30 minutes

vonnie: i'm vonnie quinn.rg markets." from bloomberg world headquarters in new york, we are covering stories from los angeles to moscow and tokyo. starting his holiday shortened week in the green. starting his holiday shortened week in the green. all three major averages on track to close at new highs. parker asnley's adam the most accurate forecasts of the s&p 500 this year. we will hear his outlook for the year ahead. and our exclusive interview with brian moynihan. he tells us where the bank is done on winding some of the damage from its controversial deals, such parker as the purchf countrywide and merrill lynch. disney was the big winner at the holiday box office with the latest star wars installment. a look at how ticket sales are adding up for the year. we are halfway into the trading day. abigail doolittle has the latest. abigail: we have the dow, s&p, and nasdaq trading higher but we have stopped trading off of their highs. was on pace to set a new record high but now is off of that pace. the dow jone

you know how manipulative quinn is being.he's trying to get you on her side. >> steffy: [ scoffs ] i'm not on quinn's side. >> liam: no, that's the point. you'll have to be if you accept the c.e.o. position, steffy. she's dangling a very tempting carrot in front of you right now, and she's using your grandfather to do it. >> steffy: my grandfather wouldn't go along with it if he didn't believe i was ready to lead forrester. >> liam: no. [ sighs ] you are ready. you're smart and strong and savvy, and the company would absolutely flourish under your leadership, but that's not why

i am vonnie quinn. gura. i am david welcome to "bloomberg markets."vering stories from new york, vienna, and -- -- doubt000 watch 20,000 watch is still on today. trump'st-elect donald $6 million cabinet of mostly white men and men without much government experience. we will look at the experience the cabinet will have to policy and to congress. the latest report on why the economy and markets have unmarked -- and bark on a journey he calls "unknown." just: art we all journeying into the unknown. we have the majors higher today and as david said, we are approaching 20,000, but we are fu

>> quinn: it's a nice, quiet christmas, and i can't think of a more perfect way to spend our first one eric: maybe quieter than i would like, but it'll be wonderful having it with you. i suppose it's the natural order of things. people grow up.

andria borba went to quinn's to check out the new ipad appetizer. >> reporter: clad in red bricks on dimmed lights on the inside jackson square restaurant quinn's looks every bit the fine dining restaurant that it is. the dish is called the dog in search of gold. >> it's a played to look like a white truffle and made with a portini mushroom, it's deep fried and then dusted in portini powder, so it's supposed to look like a white truffle. >> reporter: all served on top of an ipad playing the video of an italian truffle dog on the hunt for the rare and tasty fungus. think of it as the ultimate farm to fork explainer. >> we're basically setting the scene in which they're getting a truffle course and you're seeing the dog that is foraging for the white truffle. >> reporter: the edges of the ipad are concealed and the treat fully covers and dots the screen. >> the ipad has a sheet over it that protects the pad so that we can place the food on top of the ipad so it looks like it's on top of the ipad, but it's actually on a cleanable surface. >> reporter: the shelf for the ipad turned plate

we did some of this story yesterday but kpix 5's andria borba shows us more about why quinn's is using as plates that tell a story. >> reporter: clad in red bricks on the outside and draped in white tablecloths and dimmed light on the inside, jackson square's quinns looks every inch the three michelin starred restaurant it is. inside the kitchen, chef michael tuck is marrying those hall mar defined dining with a nod to san francisco's tech scene. the dish is called a dog in search of gold. >> you also get a croquette that is made to look like the white truffle and is made of mushrooms, ricotta that we make in-house and deep fried and then dusted in porcini powder so it kind of looks like a white trouble. >> reporter: all served on an ipad playing the video of an italian trouble dog on the hunt for the rare and tasty fungus. think of it as the ultimate farm-to-form explainer. >> we are basically setting the scene in which you're getting a truffle and you're seeing the dog that's foraging for the white trouble. >> reporter: the edges of the ipad are concealed and the bits of trouble and

vonnie: i am vonnie quinn. a decision that they violated antitrust laws. they were fined 853 million u.s. dollars. for more, we are joined by bloomberg editor at large, corey johnson. what exactly is the antitrust agency accusing qualcomm of? accusingey are qualcomm of not offering fair processes and of charging in a way that actually charges the entire device or phone, not just the chip that is using that patent. they have been investigating this for years. what we see here is that qualcomm finally is facing these fines in a case long in the making for a sizable amount. oliver: this is not the first time they have had antitrust issues. we have a good chart showing the history. walk us through their previous experiences. corey: this is one of the things qualcomm runs up against. they are more based on design and then manufacturing and the regime has drawn the eye of regulators across the world. in 2009. find they could not tell into -- sell into china for some time. fine today of nearly $1 billion. companies an

julie: i am julie hyman, in for vonnie quinn.k: business leaders are meeting for the milken institute's summit. manus cranny is standing by with michael milken, chairman of the milken institute. thank you. has had 40day sessions. welcome to bloomberg. great to have you with us. mike: it's mike. i'm not old enough to be a "mister." manus: three major upsets in the world. brexit. trump. and "re-xit." matteo renzi's exit. very fewre are surprises. what has occurred here was building for a number of years. the promise of finance and the promise of capital is to create opportunities for your citizens. median united states' income is lower today in 2016 that it was in 1999. the same in italy. there's a commonality between many of these issues you are seeing here. forink the need and search what is my career in the future, what is my job in the future, seen,s my future is being particularly in europe, the united states, japan, korea, and many countries around the world. aroundone can then turn donald trump saying he will make america gr