shery: thank you. coming up, the tax bill aftershock, details of a provision in the newly passed law that would fit some of the biggest foreign banks operating in the u.s. this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn. frivolous sex from the tax bill could make it beyond u.s. borders as a provision in the provision from the tax bill could make it beyond u.s. borders. goldman sachs announced that it will take a $5 billion to hit to its profits because the repatriation tax. this.talk about a new provision, tell us what it does. it is supposed to catch money that is shifted abroad. now that u.s. tax is much lower, more copper bowl to the rest of the world. we -- more comparable to the rest of the world. whatever you make, where a remake was tax of the u.s. rate now but you make money overseas, a lower rate. provisions,ew trying to catch the money you shipped overseas only. some companies have very few employees in ireland but booked their sales through ireland and do not get taxe

shery: live from new york, imf shery ahn. -- i am shery ahn.rn to 2018 when tax reform will be implement it. fedat down with the former vice chairman and asked for her thoughts on the new law. >> i do not think it is mostly a middle-class tax-cut. it is a corporate rate cut. that is very important part of it. weightedy heavily towards advantages for upper income people. the middle class will benefit. there are rate cuts and other benefits. some will pay higher taxes. are --dle-class tax-cut tax cuts are temporary and will go away, according to this law. they may not. it is very heavily weighted towards a business and towards upper income people. >> you anticipate my next question, who benefits most from the plan? plan feelters of the it will benefit the economy broadly because it will stimulate growth. in your view, who will benefit from this? >> corporations will benefit. and that is long overdue. we did need to get our corporate tax back in line with most of the rest of the world. i would have rather seen it done in the context of a bipartisa

shery: find it on the bloomberg.up, general electric cutting 12,000 jobs as its new ceo tries to turn the troubled company around. we will analyze what is next. this is bloomberg. ♪ vonnie: that is a beautiful shot of new york city. live from bloomberg world headquarters in new york, i am vonnie quinn. shery: this is "bloomberg markets." gaining, while the dow is reversing. the s&p 500 is up 4/10 of 1%. we are talking about tech shares, people thinking if the selloff was overtime. overdone. reform, the on tax government shutdown, even brexit negotiations. we are seeing energy stocks gaining ground. vonnie: let's get to the bloomberg first word news with mark crumpton. the groundswell of opposition from his own party, including from several female colleagues who said they consider him a friend -- senator franken announced he is residing in the coming weeks amid allegations of sexual misconduct. class and important part of the conversation we have been having last few months has been about how men abuse their power and

shery: i am shery ahn. spent the past year gradually raising rates and beginning to wind down its balance sheet. what comes after tax overhaul? michael mckee caught up with dallas fed president robert kaplan for an exclusive interview. he asked about the u.s. employment rate -- and implement rate in the fed going forward. unemployment forecast is probably more aggressive than the median of the sep. expect willshould happen, even though we will have solid rates of growth, i believe, in 2018 and 2019, as we approach for employment. you have heard me say u6 in the lingo, which is unemployed, plus discouraged workers, plus people working part-time for economic reasons. thatmeasures a percent, higher than the 4.1%. that is that the prerecession low. what you will find and what people should expect as we get or near or overshoot full employment, job growth will slow somewhat and the degree of production in unemployment rate may also slow some. i think that may explain why you see a little slower rate of reduction

shery: thank you. commodities have been red-hot as the weather gets frigid in much of the united states. up next, futures in focus -- we're looking at oil ahead of inventories, bitcoin going south again, and gold extending its winning streak. this is bloomberg. ♪ live from bloomberg's new european head quarters in the city of london, i am nejra cehic. shery: this is bloomberg markets. time for futures in focus. .itcoin cannot catch a break after recovering from a five-day slump, the most volatile currency get back below 14,000. right now it is trading at 14,500 in this past week. oil also trading near its highest level in more than two years after pipeline explosions curved productions. in the next hour, we will be getting the latest oil inventory. joining us now is chris gershom, joe rector -- director of strategy at bell curve capital. great to have you with us. let's start with bitcoin. south korea saying they might -- might beng requiring exposure of real names for cryptocurrency transactions. how

shery: and i'm shery ahn. ."rst word news say: federal investigators an amtrak train was speeding before yesterday's failed derailment. according to the data recorder, it was going 80 miles per hour in a 30 mile brouwer zone. at least three people were killed and more than 70 hospitalized -- miles per hour zone. the train was making its first run along a faster, new route between seattle and portland. a nebraska commission approved the key sign pipeline is declining requests to change its decision. a nebraska public service commission denied motions today by pipeline developers transcanada and leaving opponents to the project. opponents say the commission overstepped its jurisdiction and denied due process to effective land owners when it made its decision. the saudi led military coalition that is fighting rebels in it yemen says it intercepted a missile over the city of riyadh. a explosion was heard in the smokend a column of white was seen. rebels said they fired a missile at a palace in the saudi capital. sout

shery: i'm shery ahn. let's get a check of the major averages.seeing the nasdaq terri back from its earlier gains. down slightly. the dow is up half a percent -- .5%. seeing telecom and financials leading -- leading the gains. is gaining ground. investors very much focused on thefed decision followed by ecb and the bank of england and don't forget, those ppi numbers we got here in the u.s. which were better than expected. vonnie: a big takeover in the shopping mall is this. landlordst commercial has agreed to buy australia's west fields for 50.8 billion u.s. dollars, the equivalent. westfield operates 35 miles in the united kingdom. the move comes after a period of consolidation. shopping centers struggling to stay afloat. joining us to discuss how london -- from london is andrea. it would seem like a most 16 u.s. billion dollars is quite a price to pay for 35 miles. they are not even all in may be high. tell us about this price tag. >> this is really about the polarization of the shopping market. if you are a retailer and you still want to have

this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn.berg's gadfly out with her second or compilation of dealmaker horoscopes, 12 ceos and top executives over a variety of industries matched with their zodiac signs to appear destined for m&a in 2018. tara lachapelle.is vuitto always been in the zodiac signs? >> something fun, last year we look at who would be the top dealmakers in the coming year and we thought it would be fun to do something different and write it as what do we think their horoscopes would be like if we wrote it at those terms. shery: one has to be jeff bezos. amazon has made so many headlines, whole foods, huge. >> after that deal, people are taking them seriously. heard rumors about amazon buying retailers, it has not happened as they have not had big acquisitions. halted came out of nowhere and says they can do large-scale m&a, whatever industry they go to will send shockwaves. talk about interest in dish network. it is a takeover candidate and will finally see it's day next year. amazon -- reports of a partnership.

shery: i'm shery ahn. poised to creep into every corner of investing over the long term. goldman sachs and smaller advisers have adopted ai as a cornerstone strategy. to talk more about the trend and where it is leading, is joinserg's misha and who us from london. great story. it is fascinating. you say it will take over, but give us an idea of how much money is invested with ai strategies as opposed to passive index funds? number twory hard isecaster tell because there only few dedicated ai funds. most of them do not report anywhere. a lot of funds dave -- use ai as one of their techniques to generate signals. there is no size on how much money these ai funds manage. what we know is that they have been getting more market shares, and overall investment community . therefore, their total management is estimated to be around $1.5 trillion. shery: how about returns? are they performing? have performed better than hedge funds. based on a limited data that we have, which is based on 13 funds. it compiles an in

shery: and i am shery anh.ripping battle for control of the ruling party in south africa, putting -- in position to be the nation's next leader. michael cohen joins us on the phone from johannesburg. what is next after such a tight end close race? gripping.t is indeed -- a number of key decisions. his rule has been marred by a succession of scandals. they're going to have to think very carefully about whether they want to retain him. very interesting result. much closer than a lot of people have predicted. vonnie: does this make it much more likely that the anc will hold onto power in that election? michael: i think so. -- has been very closely associated with her former husband. quite a mix of people at the top of the anc. 833 split on the various -- still having a tough time convincing voters. economy wise, what would be the first steps that this new leader will take, assuming he gets voted in and that he has some clout? michael: he is going to be hard-pressed to make economic changes. he has a pin point plan

shery: from new york, i am shery ahn.r the stock of the hour. it is the last trading day of the year. so we will do the stock of the year. the airlines were some of the best performers in the stoxx 600 this year, with air france and klm returning 106 82%, and lufthansa returning 150%. analysts are saying 2018 may be another good year for these stocks. bloomberg'sow is taylor riggs. i do enjoy flying klm. if you are an investor, a very good year. i do not think i have flown them before. nejra: they are ok. taylor: what i will say is really positive. air france, analysts were saying you still have about a 2% upside going into 2018 relative to their price target, even after the big run-up this year. lufthansa, a to different story. about a 5% downside relative to its price target, given its run-up so far this year. it really, going forward, favorable conditions for the sector in 2018. low oil prices right now. for those start to pick up mid next year, credit suisse earlier this month raised its outlook for the sector. a lot

shery: i'm shery ahn.r the stock of the hour. hopping hires are shares of after news they are going to be bought by campbell soup for $50 a share in cash. not a surprise. abigail: we have news of this late last week. shares of 27%, these are the details around the deal. you can see what a bullish reaction this is. g #btv 4667, a six-month chart of schneider's, and you can see around the 200 day average the represent long-term buyers, and the last thursday we had the campbell soup would buy the snack company. and up, up, and away. , its not entirely surprise suggests that some investors are truly a little surprised, $50 a share, is a solid move and relative to why campbell soup is doing this, the suit business has been sagging over recent years, there is salty snack business, goldfish, i don't feel like those. that's been doing better. , all of theseels really good salty brands are likely to be good for campbell soup and they could help the top line. that's been down about 1%. it might help bring that is hi

shery: i am shery ahn. reform is a done deal and how have the big banks never appearing, the citigroup ceo michael corbat joined us in november before the bill passed and here are his thoughts on the potential economic impact of the changes. michael: let's start with u.s. economy. you look at what is going on, what tax reform in many ways is about is trying to spur incremental growth. we have an economy this year probably slated to come in in the low twos. below where we have been historically and where we would like the economy to be feared what can tax reform do? on the corporate side, u.s. companies are among the higher taxpayers in the world and if we get a reduction, maybe it will be the catalyst that changes the psychology that is there. maybe that as opposed to a topline growth, expense discipline, stingy in terms of. --.ee -- and terms of what is being proposed, we have to see the math and that is not done. it is making u.s. companies competitive and moving somewhere near the global average. u.s. co

shery? shery: coming up, around the world and monetary policy. more central banks take their turn in the spotlight after the fed's rate hike yesterday. that not all of them are tightening. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn. and i'm vonnie quinn. a big day for central banks is the european central bank in the bank of england tread cautious week. draghi sayst mario today that the ecb will most definitely not meet its goals, even in 2020. and the bank of england also spanning its key interest rate as it looks to break through in there.negotiations more on the path of global monetary policy, let's bring in phil o'donnell. thank you for joining. as expected, except maybe a little bit disappointing on the inflation front, both in europe and here still. phil: they maintain their inflation rate, and still project three hikes for next year. in terms of yesterday's statement and press conference as well as the sep, it came in largely unexpected, but the markets took it dovish lee, not as hawkish as expected, especially wi

shery? shery: emma, thank you. let's get more insight on the markets, as emma just told us, apple dragging down tech shares today. mike, is this reaction on apple and its suppliers justified? >> well, i think it's a fascinating time for this to happen. obviously big story from the economic daily out of taiwan, talking about a drop in their rojected sales from 50 million iphones, that's a pretty drastic reductions t. happens at a time when most of wall street is probably still on vacation this week. you don't see the immediate analyst reaction that you would on, say, the middle of october, september. apple's stock was on fire this year, up more than 50% before this. and the an liz were still very bullish. 36 buy recommendations, eight sells. that puts up in the top 10%, top 8%, really, of s&p stocks as far as how we sort of quantify buy and sell recommendations. so i think we might see a delayed reaction of this when more analysts get back to their desks and decide, well, do we want still to want buy? laura: you're

shery: u.s. stocks top on speculation the fed is closer -- congress is closer to an agreement on the tax bill. will marco rubio changes mind before the years end? kevin: the chairman of the white house council of economic advisers will be here. we had a johannesburg before the ruling of the african national congress electing a new leader on sunday. the winner will inherit an economy performing well below its potential. for details this hour. this hour.ails ♪ shery: the final sprint on capitol hill for the republican tax plan. the bill is expected to be unveiled today. for details on what made the final cut or did not, will they find enough votes to pass? . president trump is confident president trump: i think it's going to do very well. i think we're going to be in a position to pass something as early as next week, which will be monumental. shery: we are joined by businessweek editor they can murphy and national political reporter sahil on capitol hill. we are here in different accounts for marc

shery: a new york, i am shery ahn. more of our best conversations from 2017.on china for the past few years and this year his focus shifted elsewhere. he explained to us why he is long greece. >> greece has gone through a great depression. high to low gdp decline of all most 30% and the greek people and government have suffered mightily over the last eight years because they do not have a currency of their own to make the adjustment that needed to be made to their economy, close financial crisis and post european banking crisis. they have been at the mercy of others and the european union and the imap together let a lot of money to greece to keep the european union together. imf is being too punitive with their requirements or demands on greece. the good news is that they ended up coming to a imf is being too much better mutual conclusion post the writing of our peace. >> why now? someeason i ask is because people would look at the great straight and say it is already played out nicely for people in greek government bonds, they have been rallying, up 16% alrea

this is bloomberg. ♪ shery: live in new york, i'm shery ahn.live from bloomberg's european headquarters, this is bloomberg markets. let's check in with first word news. >> the united states facing particularly cold weather and dangerous conditions in the days ahead. here he, pennsylvania has seen five feet of snow. falling temperatures could pose a greater risk. windchill advisories are in effect for parts of the midwest, including new york. in the middle east plans are underway in jerusalem for a train station at the western wall to be named after president trump. israel's transportation minister said it would run under jerusalem resulting in resistance from palestinians who claim part of the city as their future capital. it is seen as a thank you to mr. trump. allies of israeli prime minister benjamin netanyahu are trying to limit police power in future corruption investigations that with the bid police from politicizing their decision to indict a future suspect. involvement in two separate corruption cases. erdogan calling his town apart in

shery: i'm shery ahn. this is "bloomberg markets."look at the markets and they are all gaining could the dow up for three consecutive sessions. we are seeing telecom and tech leading the gains could cryptocurrency going higher after bitcoins started trading on the cbo exchange. energy stocks are leading the gains. brent surging after news that one of the most important pipelines in the oil market has shut down. the nasdaq's highest since november 30. vonnie: let's go to the bloomberg first word news with mark barton. mark: authorities say a 27-year-old brooklyn man is hospitalized and in police custody after setting off accrued pipe bomb that he was wearing in the times square subway station during the start of the morning rush hour. three people suffered minor injuries. authorities say he set up the device shortly after 7:00 a.m. mayor bill de blasio called it an attempted terrorist attack. >> there are no additional known instances at this time. there are no additional known activities. we will wait for a fuller the policeon from an

shery: you still got to cook. vonnie: but the ingredients are there. shery: everything is packaged.you have any leftovers -- [laughter] vonnie: julie hyman, thank you. shery: is bitcoin the next big short? the cme and cb boe announced plans for futures. according to more than a half-dozen people trading the assets, hedge funds are waiting for the chicago mercantile tohange's futures market open for fresh opportunities to bet against the crypto currency. joining us to discuss is chanel he bossert. what are you hearing out there? >> people are excited for the futures market to open. also said today that the futures market for them, they have a week of exclusivity. it will open sunday at 6:00 p.m. this is not put in it he that is right around the corner. with that said, it's going to be exciting to see how people approach this market. it's not a trade for the fainthearted. there is a worry -- will there be people shorting to hedge their bets? will there be a naked short? that is a lot more risky. vonnie: do you have any idea what kind of pricing we might see? sonali: we are not sure ab

shery: thank you. coming up, the climate for bitcoin in latin america is heating up, why the region middle-class are flocking to cryptocurrencies. this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn. vonnie: i am vonnie quinn. bitcoin futures market is set to go live sunday, still weird to gets to newbitcoin heights as the demand for cryptocurrencies increases, especially in some latin american economies bitcoin where many are flocking to to protect their savings from rising consumer prices and currency controls. more.e how did you come upon the story? where did you think to go looking for when it comes to bitcoin and latin america specifically? >> we have been covering emerging market for many years together and recently she now covers bitcoin. -- ine talking about argentina, way before bitcoin rose to the level is at common 2012-2013, we knew people trading bitcoin back in because of severe capital controls. as it is starting to take off and a lot of people are talking about it, c

shery: i'm shery ahn. get a check of bloomberg's first word news. of the liberal lions of the united states congress has -- is stepping down. 88-year-old john conyers made the announcement during an interview on a does -- on a detroit radio station. he is faced calls to leave the house following allegations of sexual misconduct. >> i am retiring today. and i want everyone to know how ,uch i appreciate the support incredible, and diminish support i have received across the years from my supporters. not only in my district, but across the country as well. against the allegations him, conyers said "whatever they are, they are not accurate or they are not true." conyers endorsed his son to replace him. there is a report that president trump has told the palestinian he plans to move the u.s. embassy in israel to jerusalem. according to the palestinian news agency, abbas warned the president of the danger of taking that step. said it president moving the empathy to jerusalem was a red line for muslims. the europ

shery: the u.s.of justice and at&t are meeting in court for the first time today as the antitrust regulator attempts to stop the wireless company's $85 billion purchase of time warner. here with the latest is liz crumpton, antitrust reporter for bloomberg, who is in washington. you're in front of the courthouse or the status hearing will take place. give us a sense of what kind of timeline we should expect and what process we should expect. are here for the first face-to-face meeting between the companies and the justice department. what we are here to talk about today is when the trial date is going to happen. both sides are really far apart on that issue. the government wants to take more time and come to court in may. the reason why that is important is because the company's merger agreement is set to expire at the end of april, so they want to wrap things up and get a ruling before that date happened kevin: did kevin: they want to get it well underway, but when you look at some of the rulings in

shery: and i'm shery ahn. it is good to be a ceo in the u.s..e helm averaged $14.3 million and annual -- in annual pay. apple's tim cook, receiving a 74% increase in his annual bonus for 2017, standing to make $102 million just this year. joining us to discuss is alicia rigby. tim cook andout then we can broaden it out. he has not seen the same type of pay increase every year. what goes into these types of decisions that we know? itcia: part of it is that breaks down like everyone is, he gets his salary, $3.1 million. what is unique to tim cook is that every year he does not get in equity, tatian -- in 2011, when he took over from -- his equity compensation plan -- in 2011, when he took over from steve jobs. but every so often, he gets a bonus. this year it was a nice bonus, $9 million. -- $5ear it was night billion. this is because they peg it to sales and operating costs. this year, they surpassed and had a rebound in their financial goals, which push them above iso the $9 million, which the target they tie his annual bonus to. and i want to m

shery: i'm shery ahn in new york. check in on the bloomberg first word news. that politico reports close confidence of paul ryan says this may be his last term as speaker of the house and that he will not stay in congress pass 2018. politico's interviewed with three dozen people who knows right. the speaker wants to serve through election day but retire ahead of the next congress. two republican senators are criticizing tax cuts for the highest earners. the opposition by marco rubio and susan collins would kill the tax bill when it comes up for a vote next week. still, neither has said they would vote again for the package. leaders from the 2018 -- from the countries arrived in brussels for a summit on security and advancing brexit talks. lawmakers are debating whether progress has been made to move onto the second phase of future relations and trade. the eu will also officially endorse a new system of defense cooperation to streamline the way nations cooperate on security matters. the new report says american teens a

shery: 24. 26.29., >> don't scare me. shery: i was looking at the dow. , we thinkt is that the market is really focused on improved fundamentals, economically, not only in the united states but also on an international basis where we have international recoveries on profits. it has been based on what central banks around the world have been doing to counter some of the dislocations caused by globalization and technology, which are the longer term cyclical secular trends. the political stuff most certainly has intraday importance to the market to short-term players. in terms of what does it do to the economy, it has its own mind. vonnie: perhaps, but corporations -- if we are getting this as 7% and 40% repatriation right in the corporate tax rate is going to around 20% and a pass-through rate will be around 23%, only current figures, that may change. that changes the face of corporate america, even if it does not create growth, it changes how corporations do their day-to-day work. >> they can buy back more shares. with rep

shery: the u.s.bama is shaping up as a last point in the war among republicans over the future of the party. is forcing them to consider whether they are better off electing roy moore, who has been accused of sexually assaulting a teenager, are a democrat. yesterday al franken, telegin accused of sexual harassment announced he would resign from congress. in his speech he called up both president trump and roy moore. franken: on where there is some irony in the fact i am leaving while a man who has bragged on tape about his history of sexual assault sits in the oval office, and a man who has repeatedly preyed on young girls campaigns for the senate with the full support of his party. shery: here with what is at stake in alabama is campaign reporter -- on the phone from birmingham. give us the just of where we are in the polls. : polling averages show roy moore up by about 2.3 percentage points. within the margin of error, but up from last month after the washington post accusations came out, which sho

shery: i'm shery ahn. this is "bloomberg markets."ublicans and democrats in congress are spoiling for a big fight in a new year but it are differences between the house and senate republicans may play an even larger role in how the legislative agenda plays out when congress returns next month. here with all the details is steven dennis, with us from washington. great to talk to you again. there seems to be clear differences when it comes to what the senate wants and what the house wants. mitch mcconnell already shooting on the possibility of tackling welfare reform next year. mcconnell really lowering expectations for some big partisan agenda next year. they got tax reform done. that will be -- and i got a lot of judges that they wanted. going into next year, they will have a smaller majority because of the alabama senate race. 51-49. they have already tried and failed to repeal and replace obamacare by themselves. instead, he is looking for more bipartisan deal making, things like immigration, dodd-frank financial regulatory overhaul

shery: i'm shery ahn. vonnie: let's dive vacuum of cameron.pears we are off the lows when it comes to stocks and every other asset class taking a breather. there was a huge reaction, i don't want to say a panic, but there was a spike in yields were much lower by 10 basis points earlier after michael flynn's news. camera: is a bit of the agony and the ecstasy. you have the flint situation which is a smoking gun that will embroil the administration into a scandal we have not seen in nearly two decades. you probably have to go back to the clinton impeachment vote since we have seen a president this closely embroiled in scandal. we have some positive developments on the tax reform. that is what everyone has an waiting for since january 20. we are caught in this pendulum between scandal and tax cuts. we are sort of left a little bit lower on the day in stocks, the well off the lows. shery: if we were at the start of a political scandal like you mentioned, the clinton impeachment, to run contra -- iran contra, what happens to the rest of the economy

shery: volatility back. abigail, thank you.evin: majority leader mitch mcconnell says he has the republican tax overhaul. senator jeff flake of arizona getting to a yes brings the count to 50. in the last hour senator susan collins, who has announced she is going to support this because of an addition that she got on board saying the senate tax bill will include my salt amendment to allow taxpayers to deduct up to $10,000 for state and local property taxes. she is likely moving in the direction of a yes. so, senator susan collins essentially a guess. -- a yes? >> with or without her they have 50 votes. is the the -- flake 50th vote. bob corker is not happy, the last, lonely republican fighting this crusade. he is usually not the kind of person to vote no on major pieces of legislation. he votes with the team despite his strong criticisms of president trump. he tends to vote with republicans on major pieces of legislation 10 nominations. a no vote would be unusual for him, but he has been beating this drum for a while and it loo

shery: and i'm shery ahn.is time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. gomorrah is looking to make a splash in the united states. are open to hiring entire teams of investment bankers in the u.s. or even making acquisitions during an interview -- making acquisitions. said they want to -- the u.s. business side is "weak." chief executive officers of the biggest biblically traded u.s. companies -- of a good traded -- publicly traded u.s. companies -- a separate bloomberg ranking says those ceo salaries are 265 times more than , theverage u.s. worker largest pay gap in the world. india has the second-largest gap, with ceos earning 229 times more than the average. norway and austria have among the smallest. insurance provider appliques responding to tax reform with a plan for added investment in the is responding to tax reform with a plan for added investment in the united states. it will offer more training and insurance products to workers free of

shery: as the u.s.hes the end of the first year of donald trump as president, one point on which the country can agree on is that it has been a year like no other in the nation's history. we will have a look at what president trump has accomplished so far. this is bloomberg. ♪ ♪ david: "bloomberg markets: balance of power this is," i'm david westin -- this is "bloomberg markets: balance of power." shery: chipotle, streaming lower after reports of illness at a store in l.a.. abigail is joining us to discuss . i've never had chipotle. david: neither have i, i'm embarrassed. would but after this, why i go to chipotle? abigail: you are right, why would you with all of these reports? 2014 hundreds of people across the country were sickened by e. coli. a store ins year virginia closed. there was a report of mice falling out of the ceiling in dallas. let's take a look at the stores across the country. at this map, 32, we can see all of these stores back in 2015, multiple stores were affected in california, ill

shery: big changes, thank you. coming up, special counsel robert mueller's investigation into russian meddling in the u.s. election has entered a new phase. we will talk with someone who held a position like is, federal robert ray investigating whitewater during the clinton administration. that's coming up next. this is bloomberg. ♪ this is bloomberg markets, balance of power. shery: let's get a check on first word news. mark: despite multiple allegations of sexual misconduct, alabama republican senate nominee roy moore today received the endorsement of president trump. in a tree today, judge moore said the president called him to offer his full support and told him go get him, roy. he tweeted he looks forward to fighting alongside the president to make america great again. he has denied allegations that when he was in his 30's, he sexually assaulted teenage girls. xwyers for the catalan president said a judge will decide whether they can be extradited from belgium to spain on december 14. that's one week before a

shery: thank you.ly overshadowed by tax reform, another one of president priorities is being negotiated. nafta talks continue in levelgton without cabinet officials for the second time. congressman brian higgins, a democrat from new york represents a district that borders canada and joins us from capitol hill. great to have you with us. publicly opposed nafta. you have had discussions with prime minister trudeau. i've you discussed backup plans if nafta fails? first ofan higgins: all, after 25 years, nafta needs to be improved and updated. a lot have -- has changed. i think the united states and canada are uniquely positioned to develop a bilateral strategy toward the goal of bringing mexico to our labor, environmental, and human rights standards. i think that is a reasonable expectation. as a representative of your constituents in upstate new york, what is the number one thing you would like to change in nafta to make their lives better? congressman higgins: there are three words -- a three word phras

shery: we have breaking news. the house ways and means chairman saying he has all the signatures he needs. that is a done deal. we are talking about the tax deal in conference committee trying to figure out a final bill. we reported earlier the conference report will be coming at 5:30 p.m. we will give you more updates as soon as we get them. ebitda coming up -- vonnie: coming up, bloombergs "real yields." you don't want to miss it. this is bloomberg. ♪ ♪ jonathan: jonathan ferro. with 30 minutes dedicated the fixed income, this is "bloomberg real yield." ♪ jonathan: goldilocks dominating 2018 again. central banks, say yes predicting high-growth. tax negotiation's hours away from making a congressional compromise. an easy calm hangs over treasuries. is this year credit fails to match a massive rally in equity? we begin with the big issue, high-growth and low inflation in 2018. >>

i'm shery ahn. david: and i'm david westin.cellor john mcdonnell is urging banks to lay the ground. momentum asd theresa may struggles to recover her 30 -- her authority. today, the chancellor spoke exclusively to bloomberg's anna and gave an idea of public ideals. >> i have at all these questions thrown at me. i have never raised capital controls. no run on the pound was a question to me. there won't be a run on the pound. >> no wargaming? proposal,look at the i think it will be a strong pound under us. we'll give certainty that the economy will be strong. of course, when we go into sure. we want to make no run on the pound, quite the reverse. >> for many people, it will be the first time they have had a marxist writing the treasury. socialist. are different ideas that come together. ofre are elements marxism, democracy, how you manage your government in redistribution wealth, and tackling inequality come up to play with education. i am body all of those trends -- embody all of those trends. we have drawn on all of those eleme

shery: u.s. speculation the fed is closer -- congress is closer to an agreement on the tax bill. will marco rubio changes mind before the years end? kevin: the chairman of the white house council of economic advisers will be here. we had a johannesburg before the ruling of the african national congress electing a new leader on sunday. the winner will inherit an economy performing well below its potential. for details this hour. this hour.ails ♪ shery: the final sprint on capitol hill for the republi

sherry: and i'm shery ahn. alabama has become an unlikely swing state in a deep red state. the senate rate is a tossup. the special election has attracted national attention over sexual misconduct allegations over republican roy moore and millions of dollars for his democratic opponent who just got a last-minute boost from alabama's other senator. >> i cannot vote for roy moore. the state of alabama deserves better. we have a lot of great republicans that could have won and served honorably. sherry: we are joined by josh green. where are we in the polls right now? roy moore ahead of jones? poll that has doug jones up 10. the problem is, alabama is not a

shery: welcome to bloomberg markets: balance of power.re the top stories we're watching at this hour. kicking the can down the road. congress puts off any cut questions on the budget until just before christmas. getting the tax bill on the president's desk for the holidays. getting the full employment. the u.s. as another 228,000 jobs in november think you see unemployment rate at 4.1% and gross ranges to tens of 1%. where is the range -- 2/10 of 1%t? the eu could have more talks the critical issues of transition and trade. we will look into the next that's right it. -- steps for brexit. ♪ shery: after passing the senate last night, the short-term spending deal to fund the federal government

. ♪ shery: noon in new york at 5:00 p.m. in london. i am shery ahn. vonnie: i am vonnie quinn.markets. ♪ shery: from bloomberg world headquarters in new york, here are the top stories. report november jobs reinforcing the possibility of a december rate hike next week as u.s. payrolls rose 228,000. bitcoin interest intensifies as traders prepare for futures sunday by demand for the cryptocurrency not just limited to the u.s. why bitcoin is getting love in latin america. the ceo of rbs does not see settlement with the u.s. over a mortgage investigation this month. part of our exclusive interview with ross mcewan later this hour. vonnie: julie hyman is with us, halfway into the friday trading session. what have we missed out on?

shery: expecting a press conference at around 3:00 p.m. from president trump and anytime now the house could start voting on the final legislation. .t already passed the senate a second vote in the house. vonnie: our thanks to kevin cirilli on capitol hill. shery: coming up, bloomberg etf iq with scarlet clue -- garlic u, that is next at 12:30 new york time. vonnie: we are awaiting the house re-vote on the tax bill which could happen any moment, we bring you the latest of elements as they occur. this is bloomberg. ♪ . scarlet: i am scarlet fu. this is "bloomberg etf iq." we focus on the access, risks, and rewards offered by exchange traded funds. long-awaitedns' tax cut has the dow jones etf kicking in cash. ttip filings, we look at what regulators want to seen -- bitcoin etf filings. the list on china and on the internet.

shery: i am shery ahn. vonnie: i am vonnie quinn. .g markets. ♪ shery: from bloomberg world headquarters, here are the top stories from around the world we are following. the first u.s. tax overhaul in three decades a set for a vote next hour with house passage. and senate democrats do anything to slow the process? ,e will hear from robert kaplan his top concerns for the u.s. economy in the coming year. hasthe bitcoin-mania leaders continue to express concerns of a pending bubble. coinlist ceo with about his perspective. julie: it looks like investors may be waiting for the outcome for share of the tax a vote this afternoon. it is a day after a day of records.

shery: here are the top stories we are following.at mario gabelli thinks of the disney/fox deal. tom keene sits down with the chairman and c.e.o. speculationjump on the senate is closer to an agreement on the tax bill. will mark a change his tune in time to secure -- will marco rubio change his tune in time to secure a victory before years and? from a top money manager on what changes they see coming and how they plan to adopt.

shery: i am shery ahn.erg markets. ♪ vonnie: from bloomberg world headquarters in new york, the top stories. all eyes on capitol hill as lawmakers prepared to vote on the gop tax bill for a second time in the house. -- how it would affect the markets? skipped, the app situation between iphone and mac is expecting a clearer, how apple will blend the desktop and mobile experience. us halfway is with into the trading day. a few more left before the holiday. julie: major averages are drifting with telecom and energy stocks

shery: and i am shery ahn."bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories on the bloomberg and from around the world that we are following. bitcoins wall street debut. futures and cryptocurrencies first 26% and its possession. it's thrusting the currency right into the realm of regulators and potentially institutional investors. the clock is ticking you can put a partial u.s. government shutdown. pressure continues to build as republicans try to get a winning tax bill to president trump before the holidays. we will be heading to washington for the latest. big-money, big ideas. we will hear from the ceo of book deals, a global firm with a quarter trillion dollars of assets under management. his take on tha

click, call or visit today. .hery: i am shery ahn vonnie: i am vonnie quinn.kets. ♪ shery: from bloomberg world takeover is in new york, here are the top stories that will headquarters in new york, here are the top stories, tech stocks raise after a somewhat yesterday caused by a last-minute change to the senate tax bill as many calling for a repeal of the alternative minimum tax. deutsche bank in the hot seat as russia u.s. election probes widens, robert mueller issues a subpoena to the bank, looking into the $300 million loan to president donald trump. more bad news on the extent of the russian interference in the u.s. election, a deeper look at how a friendly -- an agency operated dozens of twitter accounts that collectively garnered more than half a million followers. let's get a check of the markets with julie hyman. regaining momentum.

shery ahn is on assignment."bloomberg markets: balance of power<" where we focus on where business needs government. taking the hit. goldman sachs says it will make $5 billion less in the fourth quarter as it books the taxes on money it will bring back into the united states under the new tax law. comments returns next week to face a pile of work. what is it really like in an election year? and making those numbers work. two more saudi princes released, those remaining they have to come up with more billions in fines. ♪ david: let's start the market check and where the markets stand. taylor riggs is here with the latest. taylor: it is looking like we are a little lower today. mostly unchanged. the

secretary-general ban ki-moon speaking on "bloomberg markets" with shery ahn and david westin.t's now time for stock of the hour. disney, one of the bigger point gainers on the s&p 500. the company could announce a deal as early as this week to acquire a big piece of 21st century fox's assets. paul sweeney follows media companies and joins us now. this is the latest step in this won't they dance that they have been negotiating for a couple of days, a couple of weeks. paul:paul: the dam broke when it became clear that the murdoch family, against everybody's expectations, decided they were going to break up the company. clearly, they see the writing on the wall. they see a strategic opportunity to sell. disney has been the preferred bidder all along. it looks like a transaction will be announced this week. joe: if a transaction comes out this week, would you expect somebody else to come in and out of bed this business? paul: it's possible, but it want like the murdochs their assets to be with disney. it looks like there may be a wall for james murdoch within disney, which may ent

in utah a sheri officer now a hero after savoriing an eight-year-old boy. >> i was pounding on the ice. >> i held his head up above the water. i just called out to the pa paramedics letting them know i'm coming in. i have got him. >> record breaking snow shocked. >> i'm use to snow but not this much at once. >> his boss told him to come in. >> i have been fight it the whole day. >> 63 inches falling by tuesday evening. the ty emergency. >> i won't be able to get home until thursday night or friday morning. >> i desperately want a salad. >> i this stuff. >> still, some people did in near white out conditions. others hopped on a sled or tried to dig out their cars. >> it is a little ridiculous. i keep pecking away at it. >> temperatures plunged to minus 3 degrees. >> we were a little shocked by the coldness of chicago. >> yeah. it's bad. >> so cold you could see steam rise off oaf lake michigan and the chicago river. where ever you are it is boupd to be an end. it's not over yet here. the forecast calls for more not 100 inchesov 100 inches of snow for the month of december. back to you.

shery: breaking news out of south africa.g that the votes have been counting -- counted