i'm tom keene in washington. we say good morning. word news in new york. >> tom, guy, the interim chief to have securities and exchange commission may make it harder to open vexes into wall street wrong doing. looking to power to start investigations without getting approval from politically appointed commissioners. prup president trump is looking for someone to head the labor department. hisew pudsner has withdrawn nomination amid growing criticism from republicans. his ex-wife accused him of domestic abuse although she ater retracted her accusation. companies may be allowed to sell additional shares every 12-18 months. one analyst said the chinese market would be under too much liquidity pressure if secondary sales continue at the current pace. it is a throwback to soviet era propaganda efforts. targeting european elections this year. that put the political establishment on alert after spy agencies accused the kremlin in meddling in the u.s. presidential election. one example, russian media is giving lavish coverage to those critic

tom keene is in new york.ll about donald trump. i want to focus on how he reacted to this appeals court. this has huge implications across the world. tom: the news flow is just extraordinary, francine. it was amazing to see it from 10:00 p.m. last night from china with the senate majority leader in is theachuting prime minister of japan. what we are going to observe today with the prime minister of japan, i will tell you, francine, the news flow, i don't think kevin's a really slept let -- kevin slept last night. francine: i want to focus on the phone call with president xi. does that have influence on president trump? first, let's get to the first word news. here is taylor riggs. taylor: wrapping up the news from last night, president trump is telling opponents of the travel ban that he will see them in court and that is likely the supreme court. a federal appeals court refused on travel froman seven predominantly muslim nations. it also rejected the argument that courts can't review a presidential decision o

francine lacqua in london, tom keene in new york. of a spread on the german and french 10 year, and a little bit uneasy when it comes to u.k. inflation. tom: that is the number one story on the market, the u.k. 10 year -- german to -- german two-year. the ultimate safe haven statistic. francine: here is taylor riggs. taylor: british lawmakers and best in prime minister theresa may party are lashing out at the idea that brexit will cost the country $60 billion. austria's chancellor begin the first leader to put a price tag on the british exit. former cabinet member iain duncan smith said the figure is conjured up by e.u. officials who are behaving like children. may demonstrated her dominance over the political landscape in a special election in northwest england. it is the first time the conservatives have one in copeland since the district was created in 1983. in asia, a preliminary report says the exiled half-brother of dictator kim jong on was killed with a toxic substance. he was murdered in the airport and kuala lumpur last week

i am tom keene. francine lacqua is in london.s, the linkage of the terror attack and the idea of the french elections to follow. great reporthad a from our reporter on the ground. we call it linked to terrorism, but this was one man with a machete that was then fired upon. i know tourists would be afraid, but they reopened the area that was affected, which was next to the museum louvre. when you look at national security, one of the big things for the french presidential election that marine le pen hopes gives her a winning advantage, but it is too soon to see how this will play out. tom: these are live images from paris. let's continue this discussion, with first word news. here is taylor riggs. taylor: president trump is taking aim at his obama administration regulations of the financial industry. today he will block the fiduciary role. the white house is the president will review the dodd-frank rules in response to the financial crisis. the u.s. is expected to impose new sanctions on iran for testing missiles and sponsoring te

the case that regulation is still a good thing, and tom keene sits down with stanley fischer. plus, we march through another parade of earnings reports. up next, more of the week's biggest stories. softbank makes an expensive acquisition. the question is, why? >> it is not clear if it is in his vision of the future. jonathan: this is bloomberg. ♪ jonathan: this is "bloomberg best." i am jonathan ferro. let's continue all global tour of the week's top stories. in europe, swiss voters have their say in a referendum on corporate tax breaks. >> swiss voters have rejected a bid to reform corporate taxes, a plan to keep the country internationally competitive. >> that comes as switzerland plans to end its current practice of giving tax breaks to multinationals, due to international pressure. >> the finance minister committed yesterday to convene a task force that will meet in coming days, and in a best case scenario, they might have a draft bill in parliament by the individual year, but exactly what the new plan will consist of, nobody knows. >> what does this mean for multinational

tom keene's knee joint -- tom keene joins the other new york, and we will be talking with davide serrauropean versus united states banks. ♪ ♪ great expectations, the dow rally hits 12 straight session, the longest in 30 years. smellrket wakes up and the coffee about a potential march rate hike, the odds jumped to 50%. wall street versus europe, will donald trump's moved to ease regulations widen the gulf between europe and the united states? thede serra joins us for hour. i am francine lacqua in london, tom keene in new york. even japan and japanese stocks are just waiting for president trump and some kind of flesh on the bones when i comes to how he plans to reflate the u.s. economy out of what we saw in the last eight years. -- davide serra and on to add harmon, i will lead with a chart today off the bloomberg. go,e is this weight, but and are we going to see that in a sort of state of the union speech tonight at 9:00 new york time? francine: people in europe will have no sleep, 2:00. tom: you will be up for that. you were up for the oscars. francine: let's get to the bloomberg first

janet yellen just wrapped up two days of testimony in the senate and stanley fischer joined tom keenethis morning. tom asked if the complicated economy was getting more complicated because of inflation. >> it was very complicated when the inflation rate was negative and very low. inflationtarget of 2% , and we are heading in that direction. so it is not making life more complicated at the moment. very high inflation, which of course we will do what we have to, to prevent, could complicate the situation. but we are not there. define highyou inflation? dennis jock heart -- dennis lockhart will join us later, atlanta fed numbers sticking to inflation, the cleveland inflation. what is the number, the statistic that begins to suggest high inflation? stanley: our target is to percent. obviously you do not hit it exactly but you hope to be close to 2%. we are as worried about being below as above, and it is something which is, if you are very close to 2%, it is not a problem. it is significantly above, you begin to worry and you begin to act. tom: part of our relationship over the years at d

i am francine lacqua and tom keene is in new york. more on the fed and politics and policies. he -- we will go to the fed coverage at 2:00 p.m., more than any other fed meeting, there is so many other stories wrapped around the actions we will hear from chair yellen. francine: the secretary of defense traveling to asia which is a pivotal moment for maybe a reset and foreign relations. let's get to the first word bloomberg news. taylor: donald trump nominated neil gorsuch for the opening on the supreme court, he is expected to have a conservative voting pattern of antonin scalia. he was introduced last night at the white house. >> i pledge that if confirmed i will do all my powers permit to be a faithful servant of the constitution and laws of this great country. he faces asuch vote, confirmation charles schumer calls him an ideologue and is skeptical he can be independent and the federal reserve expected to keep interest rates on hold when policymakers wrap up their meeting today, officials looking to see whether the economy shifting out of its low-inflation 2% growth mode into

live from new york, i am tom keene. with me, francine lacqua.e to see the secretary of homeland security in this newly minted secretary of state in mexico city. just extraordinary. francine: i imagine they are being sent out as kind of like these brokers back two hundred years work. i'm looking forward to what will come out of the meeting. the meeting is the story of the week. we will get to that in a moment. to our first word news, here is taylor riggs. taylor: we are starting with that in mexico, the president's new plan to roundup and deport undocumented immigrants is likely to be the focus of talks between secretary of state rex tillerson and mexican officials. newspapers and mexico have called the deportation plan a war on mexicans in the u.s.. mexico says it will not accept the trump plan. in the u.s., president trump will not release his revised immigration order until next week according to a white house official. the president has said the new executive order would address legal objections that blocked his original plan. that order rest

am tom keene in new york guy johnson in london. who are you wearing this morning? hilip, who did my hair. tom: i am wearing oxford of chicago. now we can move on. can you imagine if they got the wrong envelope at the bank of england or the fed meeting? it would be clumsy? brexit feels a bit like nights. in some ways, the u.s. election night as well. you were completely sold on those events. halfway through the evening, you are like it would go one way. turns out, we got it wrong. just intooscars are with what is going on. tom: shutout to jimmy kimmel. first, you need the monday news. here's taylor riggs. taylor: there is a report that british prime minister theresa may is preparing for scotland to call an independent referendum next month. government sources say make to agree to a new scottish votes, but only after they u.k. leaves the e.u. in the u.s., trump will call for big increases in defense spending and cut to the environmental protection agency, state department, and other agencies. in the outline of the president's budget will be made public as early as tod

this morning, the vice chair joined tom keene for exquisite interview. tom asked if it comes located u.s. economy is getting even more -- complicated u.s. economy is getting even more, located because of inflation. >> it was very complicated with the inflation rate was negative and very low. inflationtarget of 2% and we are heading in that direction. and so it is not making life more complicated at the moment. the very high inflation, which of course we will do what we have to to prevent, could complicate the situation. that we are not there by any means. tom: how do you define high inflation? i look at dennis lockhart, who will join us on bloomberg later today am a the atlanta fed inflation, the cleveland inflation. what is the statistic that begins to suggest high inflation? .> our target is to percent obviously, you do not hit it exactly. you hope to be close to 2%. we are as worried as in below as above. it is something, if you're close to 2%, it is not a problem. if it is significantly above, you begin to worry. and you begin to act. tom: part of our

i am tom keene in new york. snow in new york and boston. day. francine: no disruptions yet. tom: no disruptions yet. it is coming. how about a morning must-read? let's get to michael darda. the idea of mr. trump's regulation order. mini sort of went man viral. they may get a little bit of regulation right. michael: yes, we will see. hope springs eternal. our expectations of it in terms of what i regulatory rollback will look like. we went through a crisis and bailouts. you cannot clear how some regulations with a too big to fail safety net in place unless you want hazard to explode. as with tax reform coming changes will be at the margin. if you want to compare it to the potential aca repeal and replace, you cannot just reveal. repeal. there has to be a replacement. tom: this is gdp up here at 3%. here in 1994, 1995 is where we break 3% on the regression. down we go to the financial crisis. the goal for the president is to go in this direction. the reality is it may be more flatter in a longer timeframe. does he have that long of a time to g

i am tom keene. with me, francine lacqua.tates of america this morning. those four lesser immigration deportation. frankly, a large body of americans support the president. francine: frankly, this is something that plays out worldwide because we are having similar concerns on immigration here in europe. i would say, tom, it has a huge application for the fed. if you look at the charts, this could take a lot of flak out of the participation force and could change timers for the fed -- which is why we're not seeing me markets believe they will hike in march. tom: i do not disagree. you saw morgan stanley yesterday drive for the september rate rise away from the hysteria of march or june and maybe this folded to this in an odd way. our update on washington. here's taylor riggs. taylor: we are going to start with immigration crackdown here in the u.s. the trump administration has announced a sweeping crackdown on undocumented immigrants. according to new guidelines, they will try to swiftly deport more people without court hearin

and he is tom keene. at we are getting our terminals set up for what will be an interesting decision. scarlet: we are five minutes away from the federal reserve's first monetary policy decision of the year. central bankers are expected to keep rates on hold, but here is what we are watching -- is a march hike on the table -- we will scrutinize the statement for clues about the bank's readiness to move again, and whether policymakers are reaffirming the commitment to a 2% target. plus, this will be the first fed meeting of a trump air a, and wall street be looking for indications on how the fed. and expectations of strong growth from his tax proposals. the federal reserve lost three of its more hawkish voters this year. no dissents are expected this time around, but it could make for an interesting subplot here -- subplot. ,om: it has been a quiet day the pop with the adp report, and the dow is up 10 right now. i look at the spread, the curve, the .2% spread is far more important than an individual interest

including tom keene's exclusive conversation with stanley fischer of the federal reserve.ld call it a life meeting. >> our target is 2%. significantly above, you begin to worry and act. ♪ . with x1 you get the best of the oscars. you're a funny guy. funny how? how am i funny? scorsese finally wins. could you double check the envelope? show me best picture. what's the difference? show me best actor. i do not take tonight for granted. thank you so very much. get all the greatest scripted and unscripted oscar moments on xfinity x1. the oscars, live sunday, february 26th 7eÂ4p on abc. ♪ jonathan: welcome back to "bloomberg best". i am jonathan ferro. it is time now to revisit some of the week's most compelling interviews with investors and policy makers. let's begin here, speaking about adjustments to his forecast for u.k. growth as a result of brexit. >> it is true that we have adapted our forecast for the u.k. we thought the growth which was previously forecast at 2% would be up 1% in 2017, and we see there is a delay in the effects of brexit as far as investment is concerne

later be joined by tom keene in new york.ng credit suisse, toshiba, and michael flynn, and what that means for the new security advisor to donald trump. there may be an angle to do with oil. we are seeing the momentum falter a little bit in the global equity rally after we saw the u.s. doc benchmarks -- stock benchmarks hit records. we saw a weakening in the asian session and we are seeing this stoxx 600 down for the first time in six sessions, quite a bit of red across various indices. the fx space, a weaker dollar, weakening after donald trump's security advisor resigned a few hours ago. looking how this plays out across the european fx space, a ,tronger euro up 2/10 of 1% even after the worse than expected german gdp data. sterling up slightly. a bit of a mixed picture index income markets and commodities, brent crude holding up. a number ofh in industrial metals after that cpi and ppi data out of china. taking a look at the msci all country world index, this is near an all-time high reached in the spring of 2015 even thou

i am tom keene. guy johnson is in for grantee look. that was absolutely extraordinary. will london politics pick up on what the prime minister said? guy: do you want the honest answer? i think they will rip them to shreds. is momentum to be honest currently behind theresa may as a result of which i think only will -- i think tony blair have a hard time getting headway with this. he hopes there is an angry group of remainders that will ride -- that will rise up and coalesce behind this idea. there is scant evidence of that at this moment. tom: right now, on another donnybrook, that would be washington. trump isresident trying to erase doubts about his early days in the white house. at a news conference yesterday, he attacked the press as dishonest and blamed the democrats for the mess he inherited. >> this administration is running like a fine tuned machine. i cannothe fact that get my cabinet approved and they are outstanding people. taylor: the president traveled to the boeing plant in south carolina. tomorrow, he will hold a campaign style rally in florida. on taking

this is francine lacqua in london and tom keene in new york.verhanging everything, we talk about animal spirit, a nobel laureate we have, at janet yellen in greece. tom: extraordinary evening last night as the new york times broke the story, taylor was big of that in a moment and i cannot convey enough to our global obvious how unusual the moment is in washington this morning. francine: let's get straight to the bloomberg first word news. here is taylor riggs. members ofeport that the trump presidential tampering had repeated contacts with russian intelligence, according the u.s.w york times, authorities intercepted the communications at the same time they learnt russia was trying to hack into the democratic national committee. they quote officials who say there is no evidence that the trump campaign was colluding with russia to try to influence the election. the white house was tried to replace michael flynn as early as last week, that was after the justice department warned that michael flynn may have misled the president and vice president a

am tom keene in london, francine lacqua. an appeals court discussion. in thee: this is why run-up to the election i was always told that institutions would be tested in america. it depends on whether they would stand the ground. this is what we saw yesterday. review of now, with a this, here is taylor riggs. taylor: a three-judge federal appeals cut panel may rule this week on president trump us travel ban. what the ruling is, it is almost certain to be appealed to the supreme court. the appeals court heard arguments on both sides. here is one of the justice department lawyers. >> i want to make one really key point with regard to the injection, -- to the injunction, and that it is -- and that is that it is overbroad, even if some of the court thinks the applications are problematic. taylor: one of the key issues is whether the states have the legal right to attack the administration's legal order. vice president mike pence had to cast the deciding vote in the 51-50 decision, the first vice president ever to confirm a cabine

tom keene in new york. happy super thursday. the first super thursday of 2017. england delivers its monetary policy. tom: bonus round. francine: raising predictions to keep rates at a record low. nejra, the question we need to know is how carney will look through inflation or not. this has to do with brexit. negotiations and the pound. nejra: yeah, francine. that inflation issue is a key one. for a while the bank of england was ok to look through higher inflation but in more recent months what we have seen is mark carney saying there will be less tolerance for above target inflation. what we're expecting today is the benchmark rate to stay unchanged. q.e. to stay unchanged an upgrade to growth and inflation forecasts for 2017. t was 1.7 growth, 2.7% inflation. how is mark carney going to square that with the neutral policy stance they talked about in november? francine: 2017, rates could go up or down. nejra: that is right. that's exactly what the neutral policy is. rates could go up or down. interestingly markets are pricing in a higher probability that the next

tom keene is in new york.ting day because europe has been dominated by politics. the widening of the spread between german and french yields. then you look to russia and donald trump, and some market signs that all is not well and you look at equities versus bonds. tom: i'm glad you put the elephant in the room of china reserves under 3 trillion. we have some great guests today to drive the conversation forward. francine: a set of things maybe investors should start looking at. let's get to the first word news. francine, tom. the trump administration returns to a federal appeals court today to try and get its controversial immigration policy reinstated. lawyers will argue the white house has broad authority over national security. they will maintain the u.s. faces great peril. dispel any wants to misunderstandings about its free trade agreement with the u.s.. president trump has dropped out of a broader deal involving the pacific rim and has criticized japan and china for their free trade policies. that has ra

tom keene is in new york.ng to figure out the political risks moving from trump to brexit to france after that huge rally. tom: there is a back-and-forth here. the reaction to our politics in the united states over the weekend whether it was saturday not live mythology of the super bowl best game ever. if you bring it back to the white house, it's an extraordinary weekend in america. it was extraordinary interview your president gave to fox news. let's get to the bloomberg first word news. trump wantsident members of nato to pay more for their defense. that came up in a phone call. thewhite house said president did express strong support for nato and agreed to take part of a summit in late may. the trap administration will try again to get an immigration ban restarted. the justice department will submit final arguments for enforcing the ban to a federal appeals court. they declined to reinstate the restrictions over the weekend. it could end up in the supreme court. renew.opean union will the travel bans were

we know him as tom keen "the blacklist." . >> who is this? >> on top of the phone next to you is a paper bag. inside is a photo. your name is christopher hargrave. in 1988, you vanished from the ocean city beach home your parents were renting. p you were raised by frank and eva phelps. you >> ooh. >> i didn't want to get that phone call. >> i'm feeling anxiety already. >> suspense. >> congratulations. >> yes. >> i mean, you're on "the blacklist." now, you're joining a group of people who have been bad guys in a are kind of turning good? >> yes. the premise is bad guys doing bad things for good. and tom got there with his love for liz and now having a baby and becoming a father, he is discovering the things that are worth living for. >> a lot of people are ru wondering, will there be a crossover? >> we're launching a new story, new world. new cost of characters. eddie and famika jensen is back. and myself and tawny. we and beyond this world, they would start to cross the two over, and build an even bigger puzzle. >> is there m

tom keene will speak with the stanley fischer. look for that in new york, 11:38 0 a.m. in london.berg. ♪ roar, traders tuned out. the first record high in 18 months. inflation sensation. u.s. consumer prices increase the most in four years. where does rising inflation leave the fed? and the trump tension rises. administration rights more fires at home. ♪

rishaad: rbs chairman howard davies speaking to francine lacqua and tom keene.k, user numbers heading towards 2 billion. we break down the numbers. that is on the way. ♪ you are with bloomberg markets. quarterly earnings and user growth that facebook ahead of estimates, the social network solidifying its position as number two in mobile advertising behind google. caroline hyde synth is this from san francisco. facebook seeing shares popped into record high territory as earnings per share and revenue the expectations. revenue surging 50% for their fiscal fourth quarter, and eps jumping more than 70%, the amount of users continues to ramp up. to 2 billion close individuals logging on on a monthly basis, and two thirds click in every single day. 1.2 3 billion using facebook every day, three times the u.s. population. being shown.h is when we spoke to the cfo, he continued to say that it is businesses that are adding to the growth potential of facebook , the fact they are coming onto mobile via facebook and instagram and converting into advertisers. tellingg intelli

we can cross over to tom keene along with janus capital's bill gross. radio and bloomberg television -- good morning to all of you. --errific number -- 227 nicely above estimates of 180, and again, the constructive revision -- i don't want to make too much of that peers there is this. fields come in, they are beginning to churn as people digest the liquidity and equity futures advance off the jobs report. bill gross joins us now with janus capital. this is the final jobs report for president obama. i would suggest if you want a step forward, it is a constructive jobs report from president trump as well. bill: yes, and i think a little schizophrenic, as you pointed out in the last minute or so. jobs growth strong, but wages revised down by .2%. instead of 2.9% -- 2.7% annual now, now 2.5%. that is good for corporate profits to keep wages down, but it is consumers and consumption that drives the economy. if they do not earn enough money or their money is only growing at 2.5%, that is a slow-growth economy. sort of a schizophrenic report, and i could see ho

matt: i will make it a shameless plug between francine lacqua and tom keene.st will -- their guest is someone that a lot of people listen to in the auto industry. that is a great point. he may be coming out and talking the euro up. it is definitely not what german exporters want to hear. he is joining the ranks of donald trump's currency team, and that cannot be good for german stocks. the u.s. appeals court -- yes? guy: go ahead. matt: please, bring in david's take here. guy: you spoke about european industrials early on. would you like german industrials if we had a 172 handle on the deutsche mark versus the dollar? charlie: what he -- guest: what he has been talking about in terms of the euro being too weak for germany. areauro is for the entire down at this it level. if you are going to be in a currency union, for some it will be too high, and for some it will be too low. i think this will benefit german manufacturers. this is not all down to the currency dropping. there was a time after the euro was created when we had wage growth that was almost flat or

tom keene will join her a little later on. this is bloomberg. ♪ francine: truth trump. about financing the u.s. government. with minister shinzo talks donald trump as japan's gdp figures underscore the importance of trade with america. and taxing times for lenders as the drawingack to board as voters reject a plan for corporate taxes. is the safe haven at risk? rbs plans

francine lacqua and then tom keene. and i are going to bloomberg dab radio. ♪ francine: great expectations. the dow rally hits 12 straight sessions, the longest in 30 years, as the world awaits president trump's spending plan. the market wakes up and smell the coffee about a march rate hike. the odds job. adding value to humanity. the starbucks ceo tells me why companies and see -- companies and individuals need to come together for the greater good. a time when private citizens and business people need to build bridges, not

up next, francine lacqua and tom keene. matt miller and i are going to bloomberg radio. this is bloomberg. ♪ overine: frexit fears plans to take france out of the euro. llon says he is into win. b.n.p. paribas this is fourth-quarter earnings and lays out a multiyear cost-cutting plan to save the large bank. penarations for a le victory. >> if something is changing in our environment, we adapt to serve our client. francine:

tom keene in new york.ue to underlying profits for the world's biggest miner. the group warns we may see declines in the near term. our editor for energy and commodities. great to have you on the program. we were worried about the viability of breakup of certain big miners. months, and you have this. >> that is usually important. if you think about the u.k. stock market, how many companies are still paying dividends? these commodity companies represent a huge return for investors. it is an important signal to the market that they have listened to the market. they are not going to do bigger m&a, return money to shareholders. they still seem to be doing the right thing. will they keep going on that trajectory? francine: there is a pickup in demand coming from emerging markets including china, or they close down the minds because they have a handle on oversupply? >> a little of both. you have the number one and number two copper mines in the world hit by a strike and it's up labor export market. those events c

bill gross joined tom keene today to talk about what he called an "schizophrenic report." but wages revised down by .2%. i suppose that is good for corporate profits, but ultimately we know it is consumers and consumption that drives the economy, and if they don't earn enough money or money is only growing at 2.5%, then that is a slow growth economy. markets might interpret it one way or the other. not the, futures up, 20,000 level, but i'd like what bill said about it being schizophrenic. if we get a reflation, is it a reflation that gives us a boost, or can we hope that the real economy will boost with the trump stimulus? that is the hope, that real gdp, which is now around 2%, and for the quarter with the atlanta fed above 3%, but the hope is we are in a 3% to 4% real gdp economy, the promise from the trump administration. that is the hope and terms of fiscal policy, stimulation, deregulation. i remain skeptical, of the camp that productivity is the key to real gdp growth we know labor force growth is less than 1%, so it is all productivity. thentment has not there, and

keene, billh tom gross called the jobs report schizophrenic.down by .2% and instead of 2.7% annual, 2.5. i suppose that is good for corporate profits to wages down, but ultimately, it is consumers and consumption that drives the economy and if they don't earn enough money with the money is only growing at 2.5%, that is a slow growth economy. i can see how markets might interpret it one way or the other. tom: i want to bring this over to the bigger picture. temperatures up -- doubt futures up 95.ow futures i like what bill said about the schizophrenic take. if we get reflation, is it reflation that gives us inflation boost, or can we actually hope that the real economy will boost with a trump stimulus? bill: well, sure, that is the hope, that real gdp, which is around 2% -- the hope is we are in a 3% to 4% real gdp economy. that was the promise from the trump administration and the hope in terms of fiscal policy, deregulation, and someone that we look forward to. i remain skeptical, i guess. i remain in the camp that productivity is the key to r

i'm tom keene. francie mccrory in london.for what seems to be a good three weeks. francine: we continue the churn. is a great story on the bloomberg saying that a lot of foreign creditors suddenly having second thoughts about financing the u.s. government. i don't know whether it has an impact on president trump's making or not something we need to keep an eye on. if you are justin trudeau, you show up in d.c. a little later. you want to ensure you're not treated like mexico. how do you make sure the president sticks to nafta? tom: our first word news. here's tether rigs. taylor: the united states occur to council holds emergency meeting on north korean security tests. the sea of landed in japan. japan is urging china to take action against north korea. one concern is that north korea will be able to develop missile technology enough to put a nuclear warhead on one of them. leastthern california at 180 8000 people have been urged to evacuate because of fears that a dam emergency spillway could fail. a big hole opened in the m

he joined tom keene and francine lacqua on "surveillance." the three top -- the three talked trump.is president trump a one-off? >> one of the big questions, is he going to tear up 70 years of building a system that we have seen since 1945? or is he going to wind up reinforcing it? at this stage, this is an open question. too soon to tell. tom: tell me within the classic textbook where the judicial branch fits in? is it an independence of an american judicial branch? >> there is. it's one of the reasons that some people who are alarmist and trump is like mussolini. my answer to that is not at all. united states is not like italy in 1922. we have separation of powers and a strong independent judicial branch, and we just saw it this past weekend, the past week with the executive order. the united states has the benefit of long tradition of strong institutions. , speak tossor nye bloomberg's global audience as they would to america in turmoil. is it another part of our history, or should there be real concern about the stability of america as the dominant institution? >> i still think

she sat down with tom keene and francine lacqua to discuss the current state of affairs. >> right now a must always based upon the fundamentals and the fundamentals are good. the u.s. economy is accelerating as the year end of 2016 approached, top and knees are doing well, more people are working but the big overlay is the political situation and we do not have a crystal ball that is better than anyone else's about how that politics will play out and how the new economic policies will develop. tom: a lot of viewers and listeners does not -- do not about the mathematical articles. timebody spends their looking at this, the y-axis. abby joseph cohen has spent a career looking at this, the x-axis. that when of it. if we have fiscal indecision, undescended tax reform -- undecided tax reform, do you delay any good that could come out of trump's image -- administration policies. >> we could see a delay. it will take congress a while to get tax reform passed. we do not have a congressional view on infrastructure right now. we may be in the situation where the strong fundamentals that led int

coming up tomorrow on bloomberg surveillance, tom keene in conversation with federal reserve vice chair stanley , 6:30 a.m. new york time, 11:30 a.m. london time. you are watching "bloomberg markets." this is bloomberg. ♪ >> it is 1:00 p.m. in new york and washington, 6:00 p.m. in london, 2:00 a.m. in hong kong. i am michael mckee. welcome to "bloomberg markets." it has been another busy day so far. here are some of the top stories we are watching. israeli prime minister in jim and netanyahu is that the white house. we will recap the headlines from the joint news conference with president trump, including the presidents promised iran will never get a nuclear weapon. janet yellen is back on capitol hill, telling numbers of the house that the economy is in pretty good shape, and so our are american banks, even under dodd-frank veered what does it mean for bank investors? the controversy over former national security advisor michael flynn continues on twitter and the east room of the white house here at what do we know, and where does this story go from here? michael: joining us now from o

tom keene sat down with fischer in an exclusive.ave a listen. >> it was very complicated when the inflation rate was negative, and very low. inflationtarget of 2% , and we are heading in that direction. it's not making life more complicated at the moment. very high inflation, which we will do what we have to to prevent, could complicate the situation. but we are not there by any means. tom: how do you define high inflation? i look at dennis lockhart, who will join us on bloomberg later today, the atlanta fed numbers sticky, inflation, the dallas inflation, the cleveland inflation. what does the number, the statistic begin to suggest high inflation? chair fischer: our target is 2%. obviously you don't hear that exactly, you hope to be very close to. we are as worried of being below as being above. it is something which if you are very close to 2%, it's not a problem. if it is significantly worried g below as being above. above, you begin to worry. and you begin to act. tom: part of our relationship over the years at davos and other i

keen." nathay dyer will have to miss the rest of the season due to injury. sale sharks wing tomrscott was suspended by sale on 4th january and then sacked 16 days later after an internal investigation by the premiership club. the rfu investigation concluded bristol were aware of sale's line—out set—up and their defensive pattern. bristol won the match by a point on new year's day. the rfu say arscott‘s behaviour was inappropriate and have issued him with a written warning. one of the best boxers of all time has asked his twitter followers to pick the opponent for his next title fight. manny pacquiao, a six weight world champion and current holder of the wbo welterweight title has given four options. the british pair of amir khan or kell brook, australia'sjeff horn and american terence crawford. pacquiao retired in april last year but returned to defeat jessie vargas in november. he has said the title fight would be in the uae. that's all sport for now. the atlantic council says the us must take a bottler approach in future after what it described as the deliberate and systematic

tom donnelly think you so much for joining us. today on this important anniversary we have a leading voice in the center of the bill of rights here with us today. mr. david keene. david is the opinion editor of the washington times and the former president of the national rifle association. he also served as a chairman of the american conservative union and his new book which he co-authored with thomas mason is called shall not be abridged -- "shall not be infringed". the new assaults on your second amendment. obviously second amendment can easily shaded to policy debate. i would like to keep this conversation on constitutional grounds to do that lets you start with a test of the amendment itself. taking out my trusty pocket constitution. it reads a well regulated militia being necessary for the free state. it shall not be infringed. as we already said you borrow part of the text from the title of your book can you talk a little bit about that choice. >> the wording is important and shall not be infringed is important because the second amendment does not grant the people of the united states the right to keep and bear arms. it is a recognition of the fact tha

tom price has experience as a medical doctor, someone who knows the medical field and the system and has a keenerstanding of bureaucracy in washington after serving in the house of representatives, one of his home state senators praised dr. price for being willing to serve and to work to make healthcare better for everyone. >> dr. price will work to end washington's takeover of our healthcare system and know he will work tirelessly for a healthcare system that compassionately improves the lives of every american. >> no more confirmation votes in the senate today. steve mnuchin's vote will come monday. linda mcmahon will get a confirmation vote late tuesday morning. >> melissa: democrats hate him. i don't think that's too strong a word. what are chief among their complaints? >> they're warning obviously he is going to lead the charge to dismantle obamacare and one democratic critic talked about dr. price and says he is going to go after those healthcare entitlements. >> congressman price has a lot of experience in healthcare policy. yes, he has experience but it is the kind of experience that sh