let's check in on the first word news with ritika gupta. ritika: the u.s. housing market took some momentum into the new year. groundbreaking on new homes sword to a 13 year -- new homes soare to a 13 year highd. demand is being driven by mortgage rates near a three-year low. led fridayhomeini prayer for the first time in three years and said iran had delivered a slap to the u.s. image as a superpower. he was referring to this month's military confrontation. iran fired missiles at u.s. bases in iraq after the u.s. killed a top iranian general. the u.s. is sending a message to china. an american warship has sailed through the taiwan strait just days after taiwan reelected a leader seeking greater u.s. military support to counter a threat from beijing. the navy called the matter routine. in the past, china has criticized similar trips that appeared intended to send a geopolitical signal. there was nothing mary about christmas for british retailers. sales fell 0.6% in december. retail sales have fallen or stagnated in the u.k. for the past five months. that wi

let's get the first word news with ritika gupta. ritika: house democrats will conclude making their arguments for the impeachment of president trump today. here's house judiciary committee chairman jerrold nadler. rep. nadler: prior presidents would be shocked to the core by such conduct. ritika: president trump says he's very pleased with the way the trial is going. his legal team begins arguments tomorrow. president trump will become the first president to speak in person to antiabortion protesters at the march for life rally. the event in washington is held every year. it marks the supreme court's roe v. wade decision that protected the right to an abortion. two times before, president trump spoke to the rally by satellite. six were killed and seven others wounded at a shooting in germany today. a suspect has been arrested, and early information indicates the accused gunman knew at least one of the victims, and some belong to the same family. it happened at a train station about 100 miles northwest of munich. global news 24 hours

with first word news, here's ritika gupta. ritika: russia is moving to close its border with china.hile, the chinese now say that 170 people have died, and the number of cases on the mainland has risen to more than 7700. the world health organization has called a meeting of its emergency committee for today. it may issue a global alarm. the group is looking at evidence the disease can be transmitted before a person shows any signs of illness. senate democrats making a final persuading if you republicans to call witnesses in the impeachment trial. a showdown vote to take place tomorrow. democrats want to subpoena former national security advisor john bolton to testify. senate majority leader mitch mcconnell is leaning on republicans to stay united. president trump wants to make sure democrats don't get all of the attention in iowa. he is holding a rally tonight in des moines. democrats are battling for support in monday's iowa caucuses, the first test for presidential hopefuls. the trump campaign promises to have cabinet secretary's and some of the president's children there that day

. -- with ritika gupta. : chief justice john roberts will be sworn into preside over the impeachment trial. senator mitch mcconnell says it will fully get underway next tuesday. the government watchdog agency says the white house broke the law when it withheld money appropriated by congress for ukraine. turns out there was a late holiday shopping rush in the u.s. retail sales rose 0.3% in december. for between 19, the overall value of retail sales increased 19, the overunny -- for 2019, the overall value of retail sales increased 3.6%. credit card stocks are among the big gainers. companies like visa and mastercard moved a step closer to gaining access to the chinese payments market. commodity markets got some numbers on china's commitments to buy farm products. still, some doubts about the deal remain. in russia, authorities are nuven to make that a mere putin -- are moving to make vladimir putin's after a reality, one day he shook up the government and asked for a constitutional overhaul. tot could allow hi

i am ritika gupta. this is bloomberg. vonnie: thank you.are back with alberto gallo, algebras investments portfolio manager. a lot of people are talking about emerging markets. this seems to be the time of year when they stage protest. we have already seen a little bit in the south asian nations, thanks to the redistribution of the supply chains and so on. are you looking for a been a year in em? alberto: we have to think about emerging market debt, which is a ready very tied to the yields. the yields are not much above bonds from developing market countries -- developed market countries, but if you look at local currency debt, there is very high real interest rate premium in countries that are relatively stable from the point of view of debt dynamics. think of russia, mexico, where inflation is under control. indonesia. so there is value in some of these countries. there are other countries which on the other hand have structural issues, like south africa, or turkey, which is coming back to the temptation of credit easing, of pushing back

let's get the first word news with ritika gupta. ritika: the u.s.have struck a deal on digital taxation to avert a trans atlantic trade war. france agreed to delay collecting a tax until the end of 2020, and the u.s. will refrain from imparting punitive tariffs on french goods. >> we are ready to postpone until the end of the year with the view of finding an international solution. if there is no international solution at the end of 2020 -- if there is an international solution at the end of 2020, we would take the international solution. ritika: president trump lashed out at his accusers in the senate impeachment trial. he called it "bad for the country." he says he would like witnesses to be called. democrats are likely to begin presenting their case against the president today. in italy, there is talk of another election. resigned as the leader of the anti-establishment movement. that calls into question the viability of the coalition government. plans to stay on as foreign minister. global news 24 hours a day, on air and on quicktake by bloomber

let's get now to the first word news with ritika gupta. ese state media says 25 more people have died in the province, bringing the nationwide death toll to at least 125. hong kong is restricting travel from china as the outbreak spreads. chief executive carrie lam said road, will be halted from thursday as health authorities try to contain the infection. the u.s. is telling travelers to avoid all nonessential trips to china. president trump has announced a plan for middle east peace that he says provides a win-win solution to make israel and the whole region safer. trump skirted complaints that palestinians have already rejected the proposal. the proposal offers the way to a two state solution that leaves jerusalem as israel's capital. stronger-than-expected u.s. economic growth and an unemployment rate at a five decade low will contribute to an uptick in inflation this year according to the congressional budget office. the budget and economic outlook through 2030 expects gdp to rise 2.2% this year from its august estimate. nike says its o

let's get you the first word news now with ritika gupta. mnuchin says huawei is not included in the phase one trade deal and will be handled separately. larry kudlow says it cannot be part of the 5g rollout there. huawei's director of affairs told us there is no need for security concerns. >> huawei's mission is to connect the world. the issues enumerated by the u.s. government in the past about huawei get two basic issues of trust, but also basic issues of security. the goal for huawei and the u.s. government are the same. we provide robust and secure networks. we share the same goal. i think the dialogue needs to center on that and how to get their most effectively to the benefit of global consumers, but specifically consumers in the u.s. ritika: president trump will face an impeachment trial in the senate next tuesday after the house of representatives formally launched proceedings. speaker nancy pelosi signed documents detailing the charges against the president. presentnagers will impeachment articles to the full senate later thursday.

here is ritika gupta. : house democrats headed for asa bolick showdown on iran with president trump -- for a symbolic showdown on a run with president trump. the presidentre action on iran unless he has chris congressional -- unless he has congressional approval. chinese buy from your liu he will travel to washington design phase one of a trade deal. the u.s. has agreed to suspend new tariffs on chinese imports. it is also reducing some existing levees. china has agreed to buy more chinese farm products. lebanon has issued a travel ban for carlos ghosn, the fugitive former nissan chairman. lebanon is responding to a notice from interpol. lebanese prosecutors questioned ghosn for almost two hours about the charges he faces in japan. they've asked him to turn over his french passport. note taking a knee, no hand gestures with political meaning, no disrespect at medal ceremonies. the u.s. olympic committee specified which protests will not be allowed at the 2020 tokyo games. athletes were reprimanded for medal

ritika gupta.itika: towns and cities in australia suffering record levels of pollution, fires burning with 24 people known to have died and more than half of one billion animals killed. light rain monday brought some relief, but conditions are set to worsen in the coming days. former national security adviser john bolton says he is willing to testify if subpoenaed during the president trump impeachment trial. this injects fresh drama, complicating the mitch mcconnell plan for swift proceedings with no witnesses. is raisingay bolton pressure on senate republicans to allow additional testimony. the opposition u.k. party will find a successor leader to jeremy corbyn, the winner to be announced upcoming. some have put themselves up, and there is one currently leading the race, and his main challenger is likely to be rebecca long bailey. india is set to hold elections in new delhi on february 8 amid rising unemployment and mass protests against the prime minister, his agenda. against therotests famous u

i'm ritika gupta. this is bloomberg.aylor: back to our top story, shares of apple are up in after hours trading as the company second quarter forecast top estimates. apple came in with the highest quarterly revenue avenue. iphone revenue was up to $6 billion in the holiday quarter, compared with the average analyst estimate of 51.5 billion dollars. it looks to be the second highest ever iphone quarterly revenue. you i have to come to first, giving you made the call at $400 a share in the beginning cycle. super upgrade are you satisfied? dan: i view this as a game changing quarter. this is magnitudes of that. engine.eling the the stock will continue to go up . this as clearly a best case scenario. taylor: julie, let me come to you on this. it seems the iphone revenue was all we cared about this quarter, making sure the cyclicality of the stock was so dependent on the iphone revenue coming in strong. your take? julie: i think that will always be the case when you have one product that is the dominant part of the portfolio.

let's hand things over to ritika gupta. ka: iranian aviation regulators say the boeing 737 that crashed in iran tried to turn back before plunging to the ground. the ukraine international airlines jet disappeared from radar at 8000 feet. witnesses say they saw it on fire in the air. ukraine now says it is examining several scenarios. among them, a missile strike and terrorism. filings for u.s. unemployment benefits fell to a five-week low. toless claims dropped 9000 214,000, the latest indication the labor market remains solid. she government -- the government comes out with the december jobs report tomorrow. bushfires in australia are likely to way down the economy. todman sachs sees hits develop into an production, some of that offset by an increase in fiscal spending. the fires have burned an area larger than ireland. prince harry and his wife meghan markle may become stars on the public speaking circuit. the two have announced they are stepping back from their roles as senior memory of the british royal family. they say

first, let's check on the bloomberg first word news with ritika gupta. ritika: this flash of light is adding to evidence about the final moments of that ukrainian jetline in iran. "the new york times" says the video shows an antiaircraft missile hitting the plane. bloomberg has learned that two surface to air missile launches were detected by u.s. spy satellite. they were said to have come from navy airport moments after the plane debarked. iran says it is one big lie. iraq is moving forward with demands for u.s. troops to leave, asking the state department to decide the mechanism for american forces to leave. iraqi lawmakers called for u.s. soldiers to leave after a u.s. air strike killed a top iranian general. the u.s. army plans to expand its cyber effort in china to counter china. a specialized unit will be deployed to the pacific, capable of conducting information, electronic, and cyber missile operations against beijing. the army will outline its plans today. and a happy birthday to kim jong-un from president trump. the president asked south korea t

here is ritika gupta.labama, officials say their multiple fatalities in a huge blaze that destroyed at least 35 boats docked along the tennessee river. officials have not said how may people have died and say seven people are missing. most of the vessels destroyed were houseboats. no word on a cause. it happened in northeast alabama about 45 miles outside of huntsville. the european union is trying to become the next to get a trade deal with president trump. bloomberg has learned the eu may scale back technical barriers to incorporate -- two important american foods, including shellfish. the cause of the helicopter crash that killed basketball icon kobe bryant and eight others is not known, but the weather may have been a factor. the helicopter was flying in a fog that forced local police agencies to ground their own choppers. it fell into a hillside outside los angeles. kobe bryant spent 20 years playing for the los angeles lakers. he was 41. his 13-year-old daughter was also on board. global news 24 hour

i am ritika gupta. this is bloomberg. david? david: coming up, michael o'hanlon of the brookings institution is here to lay out where things stand between united states and iran in the wake of the missile attacks last night. ons is "balance of power" bloomberg television and radio. ♪ states willd immediately impose additional punishing economic sanctions on the iranian regime. these powerful sanctions will remain until iran changes its behavior. david: that was president trump speaking earlier at the white house after the islamic republic retaliated for the killing of its leading general last night. the response was last night. the question is whether the united states responding with sanctions will escalate or d escalate the conflict. we welcome michael o'hanlon, senior fellow at the brookings institution. thank you for joining us. address the question. the question was how would we respond? if what we are doing is sanctions rather than going down the list of 52 targets, does that de-escalate that conflict? michael: i am hopefu

here's ritika gupta. ritika: a u.s. official says iran appeared to avoid u.s. casualties in that missile attack. iran fired more than a dozen missiles at u.s. bases in iraq, but gave iraq a heads up before the attack, and no americans were hurt. that could avert dramatic escalation. president trump will give a statement on iran at 11:00 a.m. new york time. carlos ghosn says he wants to clear his name. the former nissan chairman who has become the world's most famous fugitive spoke to reporters today in beirut. he fled there last week after a daring escape from tokyo. ghosn blasted the japanese legal system. mr. ghosn: i did not escape justice. and persecution , political persecution. ritika: he is accused of financial crimes. he says that japanese prosecutors, government officials, and nissan executives conspired to bring him down. smoke from deadly bushfires have devastated australia has now spread halfway across the world, darkening skies in argentina and beyond. a u.s. weather satellite captured the smoke crossing south america and sweating over buenos aires

am ritika gupta bloomberg. david?p, boeing may be struggling but airbus is building aircraft a record pace. that is one of the companies we are watching, next. bloomberg users can interact with charts on gtv . catch up on key analysis and save charts for future reference. live from new york, this is bloomberg. ♪ ritika: this is bloomberg daybreak. i am ritika gupta with your bloomberg business flash. their best year since the beginning of jack welch's tenure nearly four decades ago. it was larry probst first full year as chief executive. since taking over, kulp has made changes to ge's portfolio. he also had concerns about debt and cash flow. a new trade deal between the u.s. and japan has taken effect. tariffs on some agricultural products and goods. japan failed in its goal to get tariffs on auto parts reduced. the hollywood talent agency and media business endeavor is looking to expand. bloomberg has learned the firm is poised to acquire online location experiences, and events business for the wealthy. the sell

let's check on the bloomberg first word news with ritika gupta. : house republicans want her to -- want meant ability to transmit articles of impeachment to the senates of the trial can begin. democrats want guarantees about the scope of the trial in the republican-controlled senate. in new york today, jury selection begins in the sexual assault trial of disgraced movie producer harvey weinstein. dozens of women made allegations against the hollywood mogul. it led to the me too movement worldwide. weinstein has pleaded not guilty. he says any sexual activity was consensual. weather and some rain are helping attempt to fight australian bushfires, but still, dangerous conditions will return. fires in southeastern australia are blamed for at least 24 deaths. or than 12 million acres have burned. thousands have been forced into makeshift camps. in venezuela, a day of political chaos. barredy forces opposition leader juan guaido and his supporters from entering the general assembly, allowing supporters of president nicolas maduro to choose their own a s

gupta.'s ritikaittedran's leaders that the country's military mistakenly shut down a ukrainian jet. president trump warned the arena and government not to kill protesters. in the philippines, and erupting volcano south of manila has forced thousands to flee their homes. it could getarn worse. scores of earthquakes could signal and another eruption is eminent. the british economy unexpected lay schrank just before the general election. gdp -- unexpectedly s hrank just before the general election. officials are debating whether an interest rate cut is needed. house speaker speaker in a civil oc is accusing senate republican leader -- speaker nancy pelosi is accusing the senate republican leader of trying to the impeachment. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. vonnie: thank you. let's get back now to the j.p. morgan health care conference in san francisco. ofn

ritika gupta is here. ritika: iran's supreme leader is bowing to retaliate over the u.s.s top general. the attack has killed qasem soleimani. president trump authorize the attack in baghdad. waspentagon says soleimani developing plans to target american diplomats and troops throughout the region. oil prices jumped after the attack. those deadly wildfires in australia have ended the political -- for the prime minister. the prime minister's clumsy handling of the crisis has don't criticism of his judgment. some of that from fellow conservatives. the fires have killed 20 people and left 28 missing. in the u.k., boris's government misfits.g for the top advisors says he wants to overhaul the weight the government works so he is seeking with people with different skills and backgrounds. he also says the government needs cognitive diversity instead of "gender identity diversity." global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. david: coming up, w

let's get right to ritika gupta for the first word headlines. cts of the bushfires in australia are being felt halfway around the world. smoke from the blazers has been detected in the skies above buenos aires. the fires have killed at least 24 people and up to one billion animals. it is so large that they are generating their own weather system, causing dry lightning strikes which in turn ignite more blazes. carlos ghosn says the carmakers internal investigation was "never about finding the truth." he is expected to hold a news conference, promising to name the people he says engineered a coup to destroy him. tokyo is keeping up the pressure on carlos ghosn, issuing an arrest warrant for his wife, carol. prosecutors accused her lying under last year. protesters at a prominent university in new delhi, two days after mass attackers -- masked attackers beat students and teachers on the campus. they spoke to some of the students who were attacked. the violence at j and yuan sunday comes on after narendra modi's citizens hip-based law. pedro sanchez

i am ritika gupta. this is bloomberg. guy: thank you very much, indeed.stocks through the auction process, finishing at session lows. the ftse 100 finishing at 7507. a big day tomorrow with key pmi data coming out tomorrow. it was the mining stocks, the airline stocks, the hotel stocks that drag european down. the european markets down. the luxury stocks as well taking another battering. we will carry on the conversation at the top of the hour on bloomberg radio and bring you some of the fantastic interviews we have done in davos by the amazing team working there. we have great names lined up. that is at the top of the hour in thedigital radio london area and around the world on your bloomberg devices. this is bloomberg. ♪ vonnie: it is time for our stock of dower. here is viviana hurtado. viviana: travel and leisure stocks feeling the threat of the flu prices in china. the state department issued a statement it will reconsider travel to china. dropping 3.5%. easyjet one of the biggest laggards in the ftse 100 travel and leisure index. it is not alone. it

let's check in now on the bloomberg first word news with ritika gupta.im milestone in the outbreak of the coronavirus. there are now almost 6000 confirmed cases, more than the official number of infections in china during the sars epidemic 17 years ago. at least 132 people have died. governments have ramped up efforts to stop the spread of the iris. they are tightening international travel and border crossings with china. president trump trashing the man democrats want to testify at the impeachment trial. he blasted former national security advisor john bolton for writing what he called "a nasty and untrue book." he said if he had listened to bolton, "we would be in world war six by now." senators are expected to vote on friday whether to hear testimony from witnesses. investigators say the helicopter carrying kobe bryant lacked a key warning device designed to spell pilots when they are in danger of hitting the ground. investigators say they are not sure the limit would have prevented the crash, but it might have helped the pilot as he approached hills

juliette: thanks for keeping us up-to-date, live in new york, ritika gupta. analyst estimates. the company hopes for a recovery in semiconductor demand this year for the arrival of faster 5g technology and higher-speed computing. switzerland's largest watchmaker deals with a triple whammy from protests in hong kong, rising competition from smart watches and a viral outbreak in china. operating profits in the first time in three years dropping 11% to just over $1 billion per last exported fewerd watches in any year since 1984 is demand collapsed in the lower end of the market. juliette: the alliance of this on -- nissan this enault and mitsubishi held a quarterly meeting and agreed on new strategies and new leaders. the alliance is paralyzed by the ramapo patients -- by the ramifications of carlos ghosn and his escape to japan. gop senator susan collins is going to vote in support of calling trial witnesses. she has said she wants all the information that she can get. mitt romney, also a gop senator, has made the same kind of comments. but she says she will ac