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

headquarters in new york, i am shery ahn.: i am nejra cehic. let's check in with first word news. emma chandra has more from new york. vladimirsian president putin has promised a crackdown after a supermarket bomb injured at least 13 people in st. petersburg last night. during an address to troops at the chroma today, he said he has ordered security agents to liquidate on the spot. terrorism inside russia would be far worse if not for his country's military operations in syria. embassy in ankara has a crisis to -- the visa crisis in turkey. visa services are now resumed after the turkish government said it would not arrest anyone for performing their duties. crisis toin the u.s., secretare rex tillerson has written an op-ed in "the new york times" defending u.s. policy under donald trump, lauding the president's move against the .slamic state, and russia he wrote "in spite of the challenges, i remain optimistic about the power of diplomacy to resolve conflict and expand american interest." president trump rejected reports he

from new york, i'm shery ahn.ra: and i am nejra cehic from bloomberg's european headquarters in london. let's talk global m&a deals. they exchanged over $3 trillion be even a 2018 could bigger. blockbusters like at&t-time warner, cbs health and at that and disney have been 21st disney-20th century fox all hang in the battle -- balance. in 2017, it was not really the year of the megadeal. are those megadeal's going to make a comeback in 2018? >> it feels that way, especially with the tax reform going through. that could be a huge catalyst for u.s. companies doing these deals you are talking about. i think what we have seen in europe this year is quite impressive because there has been a huge recovery in european m&a due to that economic recovery, increasing confidence by ceo's, especially in companies where we have not seen big activity -- spain, italy, france. nejra: that is interested in terms of europe unusually being the hot spot in 2017. is the pendulum going to swing back to the u.s. or elsewhere? dominates.

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

i'm shery ahn. vonnie: i am vonnie quinn.are halfway into the trading day here in the u.s.. abigail, how are things moving? abigail: small change for the major averages. modestly higher, you can see the tech heavy nasdaq is up the most, leading up 4/10 of 1%. there is a sense of apathy here on investors waiting on republicans to hammer out a tax bill that they can present to president trump, plus the explosion in times square not creating a sense of risk off. that iss something unlikely to affect the corporate outlook at this time. really small rooms here. where we are seeing small moves is bitcoin. let's hop into the bloomberg and talk about that spread. what we are looking at is nimbly we have bitcoin and then we have bitcoin futures surging in the first 24 hours of trading on the ceo. the basis of $1000 is where the arbitrage possibility is. us commodityg to strategist at bloomberg and he was saying that futures should drop down to the spot price. the reason that shorts are not able to do that right now as a matter of liqu

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 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: 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

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

. ♪ >> live from bloomberg world head quarters in new york, i am shery ahn.ra: live from london, i am nejra cehic counting you down to the european close. it world's biggest beauty products company is on a mission to transform its business boasting a portfolio of 34 international brands it is heavily investing in e-commerce. their ceo talked about the companies secret to success and how demand in china is growing. we asked what is trending right now. theater --r, luxury luxury. luxury is booming mostly with chinese customers. they love beauty and luxury. they love our brands and our business with chinese consumers everywhere has been booming, not only in china, but they are in hong kong, japan, even in london. >> have you had to that to the chinese market? >> yes, the products we sell, not for all brands, some are same all over the world, but l'oreal, they may -- maybelline, products we sell in china are made in china by chinese labs. >> because of regulation? -- wantnly but we week to create a product that is right for them. there needs, skin are specificall

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

i'm shery ahn. laura: i'm laura keller.k founder masayoshi son has invested in more than 1000 companies, but one investment looms above all the rest. an early been on alibaba. he talked about the deal on a david rubenstein show. one of the investments you made is considered by many people to be the most accessible investment in the history of mankind. you invested roughly $20 million in alibaba. at the time it went public, it was worth roughly $90 billion. $20 million of $90 million, a return of 4500%. jack ma is a distinguished individual, one of the most successful burners in the world. what made you feel this was worth putting in $20 million? >> he had no business plan. [laughter] zero revenue. , maybe 35, 40 employees. his eyes were very strong, strong, shining eyes. i could tell from the way that he talked, the way that he looked, he had that charisma, leadership. his business model was wrong. the way that he talked, the way that he can bring young, chinese people following him. >> before yahoo! was famous, you made an

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 am shery ahn. wall street's bonus pools are drying up.hey are shallower, let's put it that way, after a pretty dull year of trading. jpmorgan bankers are likely to see a 5% drop in bonuses. when asked about the current trading environment, the firm's cfo says there have not been many catalysts and it has not been that exciting. broad-basedlayed by volatility, what can bankers expect bonus wise from 2018? here's bloomberg's dakin campbell. 5% this might be down year, but they were up 20% last year. the cops are unreasonable when it comes to this year. they're not doing too badly. dakin: last year was a great year for rates traders. you had the brexit vote in europe and you have the u.s. presidential election obviously surprising a lot of people. last year was not a great year across wall street. rates traders had a better year than many of their brethren on the trading desks. they should've felt good about that. this year they are more in line with everybody else. butoesn't look so great, they did get paid last year. shery: does that mean

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

i am shery ahn.onnie: the securities and exchange commission is investing whether some big banks help hedge funds and reflate their returns. in exchange for new business. here with more is matt robinson who covers enforcement for bloomberg news. knowingly? this >> they are looking at the banks? yes, this market mortgage-backed securities, they have been looking at it for a couple of years, since the crisis, trying to determine if certain banks gave favored clients different numbers than they would any other client. vonnie: what would be wrong with that? don't you do that for biggest investors and clients? >> they would. for securities laws, they have to mark their book the same way each time. you cannot mark 10 positions one way and the 11th you get a better quote. the sec looking at is the hedge fund calling of a trader at a bank to say this bond feels like 85 when everyone else is marking it at 80. they take the difference to evaluation committee to say let's put the different and collect 82.5. --

. ♪ ♪ shery: this is bloomberg markets, i am shery ahn.volous 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 taxed. but it is catching the good banks, global banks, european, asian banks that operate in the u.s. because the way it is written, it is not clear whether gross or net movement between overseas and in the u.s. -- shery: it could be

for ahn, this i'm shery is bloomberg markets.seeing trading ahead of the new year holiday, but the dow still at the highest on record, of 1/10 of 1%. materials is the only sector pulling down the indices. the s&p 500 barely moving again. the nasdaq up almost 1/10 of 1%. we are seeing the 10 year yields timeng ground for a first in five sessions. that is playing into the districts -- difference in asset classes. let's get to the first word news this hour. >> weather wars continue in , whereennsylvania residents are still digging out. the subfreezing temperatures are expected to hang around through next week. meanwhile, people in the midwest and northeast regions are being warned to be wary of hyperthermia -- hypothermia and frostbite. the u.s. has endorsed 15 weather-related disasters, costing $1 billion or more this year. that is just one shy of the single year record setback in 2011. total economic losses to so far this year exceed $210 billion. that is minus the recent wildfires in southern california. fighting thef of aic stat

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

and i'm shery ahn. welcome to bloomberg markets. from bloomberg world headquarters in new york, you're the top stories on the bloomberg and from around the world. a game changer -- disney buys 24 century fox-- 21st assets, making a major downsizing for rupert murdoch inevitable. details on the deal, straight from disney ceo bob iger this hour. central super thursday. the federal reserves hiked rates yesterday. heldcb and bank of england tight as mark carney tries to tackle inflation. and the fate of net neutrality -- the fcc voting right now on the obama era internet sections -- protections. will the web continue to be once speed for? -- one all? us with mores with stories halfway through the trading day. >> this uptrend is continuing. the s&p 500 has little changed. we have seen some weakness in telecom stocks that have been holding it back, health care is also on the downside today. -- limitings their gains there and in the s&p. but we could see a closing record for both that and the s&p. of individual stocks we are watching, twit

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'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

from bloomberg's world headquarters in new york, i am shery ahn. kevin: i am kevin cirilli. mberg markets: balance of power." shery: here are the top stories. president donald trump is sitting down with republicans and democrats today as congress prepares to pass a stopgap spending measure to avoid a government shutdown. strip's militant rulers calls for an uprising against president trump's recommendation of jerusalem as israel's capital. and the department of justice and at&t meet for the first time and -- in court. stop thes trying to company's purchase of time warner. ♪ shery:

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: this is bloomberg markets, i am shery ahn. vonnie: i am vonnie quinn.coin 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, circle back to see how it is spreading in latin america and how it is taking off along tech savvy people and middle-class people or wealthy families. as an alternative to stashing their money away in an offshore bank account like they

. ♪ ♪ 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.

from world headquarters in new york, i'm shery ahn. to bloomberg markets: balance of power. to focus on politics and the economy. 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 republi

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

david westin is off today and shery ahn is on assignment. >> three major u.s.s have a central lawsuit against the u.s. department saying many service members that were disqualified from gun ownership have not been reported to the national background check system. new york, san francisco, and philadelphia, the city arguing the defense department failed to toort significant numbers the fbi national background check system. it reportedly allowed the disgraced air force member to buy a high-powered rifle and shoot 26 people to death at a texas church. a federal judge in seattle lifted a trump administration ban on certain refugees this weekend. two groups argue the policy prevented people from mostly muslim countries from reuniting with family living legally in the united states. with enhanced capabilities, and nationwide injunction has the administration's restrictions. regional authorities in france are's gambling to deal with migrants. they want to get them off the streets. they are tightening the screws. pressure on economic migrants and allowing divisive id ch

shery ahn is on assignment. to the headlines with the bloomberg first word news from the vila. davila: 8.7 million people have signed up for obamacare, 95% of last year's total. cut thenistration advertising budget by 90% and the individual mandate was terminated as part of trump's tax bill. the u.s. embassy has announced an end to the visa crisis with turkey. stopped pieces for turkish citizens after the u.s. consulate was arrested in october. services are now resumed after .hat turkish government a supermarket bomb injured 13 they liquidate on the spot. terrorismded that would be far worse if not for his country's military operations in syria. to saudi princes detained in the nation's corruption crackdown have been released. the princes both sons of the late king abdullah have reportedly left the ritz-carlton hotel where they were held hostage for nearly two months. it's not and if they agree to financial settlement or released because of a lack of evidence. a could be a very happy new year for some left the l

shery: and i am shery ahn. let us get the first word news with mark crumpton.alestinians protested against president trump's decision to declare jerusalem israel's capital. ahead of the palestinian group called for a third uprising against israel. thousands of palestinians and israelis died in the previous two uprisings. a man holding a palestinian flag smashed the windows of a kosher restaurant in amsterdam before being detained by two police officers. in a video statement posted on spokesman saidce the suspect was a 29-year-old amsterdam resident with a temporary residency permit. the police did not provide the suspect's nationality. a judge in argentina has called for the arrest of the former president. she is accused of trying to cover up iranian involvement in a deadly 1994 bombing and when osiris in exchange for favorable trade deals. fernandez has immunity from prosecution after being sworn in as a senator last week. she is expected to hold a press conference today. the british prime minister theresa may has not given up on meeting eu deadlines for comin

click, call or visit today. .hery: i am shery ahn vonnie: i am vonnie quinn. ets. ♪ 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.

julie: i am julie hyman, in for shery ahn, and this is bloomberg markets.m bloomberg world headquarters in new york, here are the top stories we're following. president donald trump is not the only one [indiscernible] corporate america is charting its next move, including announcing investments and bonuses for employees. hedge funds are hoping for a better outcome after the market rally of 2017 claimed a few victims. they are keeping in iron cryptocurrencies, taxes and volatility in 2018. and cyber criminals are finding opportunities in the bitcoin search. hackers are demanding larger payouts and corporate ransomware contacts. first, abigail doolittle is with us. we are halfway into the trading

i am shery ahn. vonnie: i am vonnie clan. -- i am vonnie quinn. welcome to "bloomberg markets." the top stories we are following. terrific is what 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.

i am shery ahn. vonnie: i am vonnie quinn. arkets. ♪ 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?

julie: i am julie hyman, in for shery ahn, and this is bloomberg markets. vonnie: from bloomberg world headquarters in new york, here are the top stories we're following. president donald trump is not the only one [indiscernible] corporate america is charting its next move, including announcing investments and bonuses for employees. hedge funds are hoping for a better outcome after the market rally of 2017 claimed a few victims. they are keeping in iron cryptocurrencies, taxes and volatility in 2018. and cyber criminals are finding opportunities in the bitcoin search. hackers are demanding larger payouts and corporate ransomware contacts. first, abigail doolittle is with us. we are halfway into the trading day. abigail: we're almost at the end of the year. we had a big rally, also for stocks. not a big rally but solid gains. the dow is on pace for a record close. right now, we do not have all-time highs. check out this small-cap russell 2000 leading the charge of about up of .6. the big topic, the tax overhaul. small-cap companies are considered to be more

i'm shery ahn. david: it is time for first word news with mark crumpton. president trump is reiterating his calls to overhaul the nation's immigration system in the aftermath of monday's pipe bomb explosion in a new york city subway passageway. the president's comments came a day after authorities said the suspect in that blast arrived in the u.s. through a family connection to an american citizen. >> there have been two terrorist attacks in u.s. -- in new york city. here on green cards. first attacker came through the visa lottery, and the second through chain migration. we will and both of them. chainttery system and migration appeared we are going to end them. that the president added congress "must get involved immediately." cast ansions said he absentee ballot in alabama. he declined to specify who he voted for. sessions, who vacated the seat to become a attorney general, said he "valued the sanctity of the ballot." sessions spoke at a news conference that focused on a gang violence and immigration. european union council president donald twos warned

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: i am shery ahn. vonnie: i am vonnie quinn. . 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.

julie: i am julie hyman in for shery ahn.arkets." ♪ vonnie: here are the top stories on the bloomberg and around the world that we are following. breaking news in the last few minutes, we have learned that house and senate negotiators have reached a tentative compromise on taxes, after the shocking shift in alabama politics. what it will mean for the tax overhaul. finale, she's grand delivers her last press conference at about 2:30. will it overshadowed be expected 25 basis point hike? we will take you to new york's .incoln center for an interview abigail doolittle is with us now as we arrived at the halfway point in the trading day.

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

from new york, i am shery ahn. laura: i am laura keller. erg markets. ♪ shery: here are the top stories we're covering. the traders are keeping a close afterafter apple shares forecast for the iphone x are cut by analysts and bloomberg "surveillance is rebounding today -- and bitcoin is rebounding today. what will come for the headscarf -- hedge fund industry, major reshuffling. with christmas in the books, was it a merry holiday for retailers, the early read on how retailers did this holiday season. 90 minutes into the trading day. emma chandra with the latest. a little bit lower for stocks. >> not too much this first day of trading after christmas.

and i'm shery ahn. welcome to bloomberg markets.world headquarters in new york, you're the top stories on the bloomberg and from around the world. a game changer -- disney buys 24 century fox-- 21st assets, making a major downsizing for rupert murdoch inevitable. details on the deal, straight from disney ceo bob iger this hour. central super thursday. the federal reserves hiked rates yesterday. heldcb and bank of england tight as mark carney tries to tackle inflation. and the fate of net neutrality -- the fcc voting right now on the obama era internet sections -- protections. will the web continue to be once speed for? -- one all?

shery ahn is on assignment today. let's get to the first word news from emma chandra. fire commissioner says the fire last night was started by a three-year-old boy. his mother fled the apartment with her two children but left the door open. >> last night's tragic fire, other than 9/11, was the worst loss of life from fire inner-city in all 20 years. the happy land fire in 1990. we are in the midst right now of the worst month for loss of life in our city from fire in the past 10 years. : 12 people were killed, including four children as the ire raised to the building. in another deadly fire, this one at an upscale restaurant in mumbai, 14 people were killed. an artificial ceiling caught fire in the restaurant, for quickly and collapsed as people try to escape. at least 11 people are dead after shootings in egypt. a man on a motorcycle shot at several stores in cairo. he then opened fire outside of a coptic christian church, killing nine war and wounded eight others. the gunman was killed. egypt's christian minority is a frequent target of islamic terrorists. hundreds

shery ahn is on assignment. welcome to "bloomberg markets: balance of power." a focus on where business meets government. here are the top stories we're watching at this hour. jumping the gun on taxes. aspayers are rushing to get many deductions into 2017 as possible before they lose them under the new tax regime. filling up the fed. new reports of possible candidates for those fed openings with pimco's rich clarinet talking to the white house along with larry lindsey. and getting to know. british prime minister wants to get past her role as madame brexit even as the new year ramped up the pressure to get those trade deals done so britain can work its way out. ♪ david: those new tax laws go into effect next monday come on which means that many taxpayers right now are rushing to make sure they take advantage of any deductions they have today but will lose next week. to take us through how it all will work, we welcome now laura davison. welcome back to the program. on the individual side, there are reports, and i must say, i'm in new york resident and i'm looking

but i have to check with shery ahn on your pronunciation.ding this thursday. the kospi up 0.2%. the kosdaq following the gain on wednesday, beating the rally, pushing to its strongest level in the year as retail buyers are piling into the kosdaq index. korean investors on the lookout for that be ok monetary policy direction later this morning. we have a number of data points to chew on this morning. -- it is them is the not denting the sentiment in seoul. japan factory output beating estimates. the nikkei opening fairly flat. the topix marking lower. the yen gaining ground following the data. seeing the strongest level in a week. we do have energy shares sliding in tokyo and seoul, reversing what we saw yesterday. pulling up the board to see what is happening when it comes to the cost asset check, treasuries both flattening while u.s. stocks were listless. u.s. mining propping up the long end without any obvious catalyst when it comes to the trade in treasuries. trading at about 2.4 percent after capping a fourth session of declines. 15,000

autopistas de en el condado de fresno, la mayorÍa de los agredidos indican que las agresiones en shery ahnnarios. alan: dios mÍo. [timbre] presentadora: quiÉn abre la puerta, el caballero de la casa. alan: con permiso, hÁgale. seÑoras y seÑores, es viernes y tenemos una hermosa "despierta amÉrica". >> cÓmo estÁn, buenos dÍas. buenos dÍas a todos. que no sabÍa mi telÉfono que lo tengo aquÍ escondido. se nota o no se nota? presentadora: mira la mÚsica que te ponen. ana: has estado de gira por todos los programas. >> sÍ, sí. alan: siÉntate donde tengas que estar, amiga, esta es tu casa. >> sÍ, ando de gira, prÁcticamente. ana: andas promocionando el sÚper especial de maÑana. >> mi nuevo material discogrÁfico. ahorita ando poco mala de la garganta. ana: todo el mundo estÁ enfermo de la gripe. >> es que el clima estÁ bien raro, pero como buena, a lo que me cruje. vengo hablarles de mi disco, de lo que viene maÑana que es una especie de dos horas que tenemos aquÍ en "univisiÓn". se llama "navidad desde nueva york". francisca lo sabe porque estÁ con nosotros allÍ. vamos a contar un poco de la his

shery: i am sherry ahn. neiman marcus saw apprehensive th for the first time since last year.oke with the ceo for the company's holiday period and neiman's strategic direction. take a listen. >> we are very focused on the affluent consumer. her balance sheet is in very good shape. it's a matter of emotionally how she is feeling about things, because that is what is most important, getting our customer out shopping, and she seems to be in a good place. >> a lot of other holiday shopping is driven by promotions, and many people say retail is in a permanent state of promotion. you are not doing that at neiman marcus. you are focused on driving more sales at full price. how do you compete in this environment? >>>> i would say competing at full price is certainly the way we like to do business, but we cannot ignore the fact that we are living in a very promotional environment and have been for the past few years. the customers are extremely savvy, and they don't want to pay more for the products they are looking at than someplace else. we have to make sure we are staying on top of