up next, catching up with the guggenheim cio, scott minerd.: i will have to get you guys some coats. tom: the interview was over, steve. ♪ lisa: this is "bloomberg surveillance." let's get a check on the bloomberg first word news. --k: for the first time taylor senators will, vote on president trump's plan, which includes money for a border wall. the british parliament is trying to avoid the risk of an economically damaging divorce from the eu. the main opposition labour party tonow increasingly likely support a proposal to extend the deadline. in venezuela, the national assembly leader tells bloomberg the opposition will seek financing and debt relief. he's been pushing for an government and the venezuelan military to recognize him as the legitimate head of state, rather than president nicolas maduro. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. lisa: let's head over to taylor riggs, looking at two stocks making big moves ahead of the u.s. open.

plus, the warning from guggenheim's scott minerd. the leverage loan market is likely to get worse.n in credit. two concerns for the fed's jay powell heading into next week's fomc meeting. we start with the big issue, uncertainty is in the air at davos. >> while people have certainly diminish

sort of rolling along. >> scott minerd is global chief investment officer at goougen ham.rame of mind? you think we may even see a cut that made huge news. next move from the fed kwoub a cut. >> and it was broken on cnbc so how much better can it get? >> not much better but what is your major issue in one sentence >> that the federal reserve is still a restricted path. we're going to slow down, but we're tightening and at the same time, we're going to have stimulus or drag come from the u.s. government. this between increasing rates and a more restrictive physical policy is going to spill over into the general economy. >> so how did we get to a restrictive rate that historically would be so low compared to other times that we would view rates as being restrictive? >> well, joe, when you look at where potential output is for the united states and then you layer on the inflation rate, you know, we're just not growing at the same pace we historically have when you have population not growing in the united states anymore, you just don't have the same latitude. >> what about th

plus, the warning from guggenheim's scott minerd. the leverage loan market is likely to get worse.n economic slowdown in credit. concerns for jay powell heading into next week's fomc meeting. we start with the big issue, uncertainty in the air at davos. >> people have certainly diminished their growth expectations and you are hearing all about that at davos. we don't think they have done it enough. >> i think the u.s. economy will grow at a lower rate than last year, and china will grow at a lower rate. >> although we have downgraded our forecast, the two countries that we have not downgraded are the u.s. and china. >> you have a growth that kicked up to a higher level and is coming down a little bit. that makes people nervous. >> we see an economy that is absolutely slowing in terms of growth but not stalling by any means. >> uncertainty is the greatest enemy of growth. >> the shutdown will ultimately start to affect economic activity. >> political uncertainty certainly doesn't make our job as business leaders easier. >> there is no question there has been an economic cost paid by