. ♪ ♪ >> from bloomberg headquarters in new york and london, here are tom keene and francine lacqua. d day to all of you are on the bloomberg world. tom keene new york, francine lacqua in london. one of our favorite moments of the year, talking about the year past and looking forward to next year.

tom keene is in brussels and anna edwards in westminster. mo -- kateto take moore. omberg. ♪ tom: this morning, all that remains is for the prime minister to move on, to leave and return to her fractured britain. nation's say, please mrs. may, construct a new plan. a terrorist in strasburg is killed. migration in europe is the unspoken topic. christopher christie is the chief of staff. good morning, everyone. this is "bloomberg surveillance." i'm tom keene other european summit in brussels. de-bree needed to be xited today. anna edwards is at westminster with her considerable authority on all things brexit. the attention must be on prime minister may. she is still here in meetings. you know how difficult last might was for her. anna: absolutely. good morning to you from westminster. the pay government trying to put a brave face on it. have had cap ministers out this morning saying it is a good first sign from brussels. really, it is anything but. they are playing hardball. what exactly is he asking for? that is the message. we will get further into the details of bre

francine in london, i'm tom keene in new york.e -- emotion of what we see in paris with what we see of the death of president george h w bush. looking forward to wednesday where there will be a service in washington at the cathedral. i would also mention the conversations we have today with mr. clarida. we will do that in about one hour and mr. macri with erik schatzker. toncine: i'm looking forward the conversation with mr. clarida. i'm also looking to the conversation with president macri. president trump jolted by jolted bybout tweeting about this with -- truce with china. let us get straight to first word news. sebastian: that trade truce between the u.s. and china it was both countries breathing space. president trump has agreed to postpone a planned terror for three months. president xi jinping promised to buy more products. president trump says china has duties onremove american cars. differences remained on intellectual property. oil prices jump. saudi arabia and russia agreed to extend their agreement to maintain the mark

. ♪ ♪ announcer: from bloomberg headquarters in new york and london, here are tom keene and francine we say good day to all of you around the bloomberg world. tom keene in new york, francine lacqua in london. one of our favorite moments of the year, talking about year past. more than any year, looking forward to next year. this year it was nuts.

london, i'm tom keene in new york. of the day. margaret talev is going to be with us at the 5:00, 6:00 time. we are negotiating with her people right now. she is our white house correspondent, deeply steeped in the presidential dynamics. wonderful to have you. i want to bounce off your work of the aloneness of this president. trump onn is president this christmas eve -- how alone is president trump on this christmas eve? there is almost nobody he feels he can trust to help represent him. he is perhaps the most frustrated with one of his closest advisers, one of his greatest defenders, the treasury secretary. moment, he is staring down a shutdown, the probe, the continuing conflict over trade policies. this is a difficult moment. to go over to msnbc, a tweet out, we will have an acting secretary of defense, and acting attorney general, no interior secretary, no deputy at hud. why is that? does nobody want these jobs? these vacancies exist for a number of reasons but they can be traced back to the president. ofse folks h

i'm sure tom keene likes the phillips curve is alive and back.ini from pictet asset management stays with us. the u.s. shot down is likely to can -- shutdown is likely to continue next year as little progress is made on budget talks. we would discuss that next and this is bloomberg -- will discuss that next and this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." the partial u.s. government shutdown looks set to continue into 2019 after house republicans said they didn't schedule any votes today. progress tolan for fund the nine programs that run out of funding. first of all, good morning to you.is their likelihood of a resolution in the coming days ? unlikely.ery there is no schedule votes. most members of congress are not in washington, even though donald trump remains at the white house. there is not any expectation of settling this in 2018. it will likely go into the new year. the question is, how long into the new year will it go? president trump is demanding and sticking by his demands that congress

i'm tom keene.mattis retiring at the end of february. he said differences with president trump over the direction of u.s. foreign-policy. the president tweeted a successor would be named. the decision to pull troops out of syria is seen as a rebuke to the general. u.s. plans to dramatically cut troop levels in afghanistan, coming just one day after president trump said he would pull forces from syria. the pentagon would withdraw 7000 of 14,000 troops. trump'sfilling mr. promises to bring forces home. washington is turning up the , accusingijing officials of a espionage campaign to still intellectual property from dozens of companies. the justice department issuing indictments against two chinese nationals accusing them of being part of a hacking operation. the chinese foreign ministry saying the government has never participated or supporting individual stealing commercial secrets. global news 24 hours a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 1

tom keene and francine lacqua are off. thedramatic highest $18,500, that coin has plunged to $4000 -- bitcoin has plunged to $4000 in the span of a year. they believe the long-term prospect is brighter than ever. on crypto his take here it where does crypto go? is it a full errands to find out where we might go? naeem: if you are a speculator, yes. if you are a believer in the technology, no. anding at the crypto space the user production technology, it will have an impact if you are a longer-term investor. if you are short-term investor you could have made a lot of money. ethereum hit its low of 81. on friday, it was up 44% on the day. talk about a santa rally. caroline: in terms of the bloomberg galaxy crypto index, it was up 17% on monday and today down somewhat. where would you look in terms of the crypto space universe? you mentioned it the area, -- ethereum, that has seen some bounce off it flows. is it still all about bitcoin? are you a believer that one currency wins the war? naeem: yes. bitcoin is the religion. if

. ♪ ♪ announcer: from bloomberg headquarters in new york and london, here are tom keene and francine around the bloomberg world. tom keene in new york, francine lacqua in london. one of our favorite moments of of year, talking about the year past. more than any year, looking forward to next year. this year it was nuts.

tom keene joins me out of new york.government shutdown looms. -- threats of a government shutdown loom. i'm looking at a little bit of volatility. a lot of talk about what the fed will do in 2019. i'm also looking at crude, 51.16. a full roundup of your made market moves. this is bloomberg. ♪ malaysia francine: -- versus goldman. the u.s. lender faces criminal charges over statements related to the scandal. and otherse banks could exceed $2.7 billion. theresa may's team pushes back against supports of awarding of a second brexit vote. she faces parliament later. this is "bloomberg surveillance." tom keene back from his travels. we are also getting eurozone inflation. this is significant because we did hear that they would be revising them down. this is the case. november inflation down. matter howms that no much mario draghi tries, it is difficult to see that kind of inflation staying in place and really gripping in the eurozone. tom: today, it is a statement -- data dependency that term and powell has. we will look at

francine lacqua and tom keene are off today. the worst-performing sectors in the stoxx 600 this year. deutsche bank and danske bank arm of the biggest losers. boutique bankst, climbed the ranks of the world's leading merger advisors while deutsche dropped out of the top 10. after a year which saw crashing valuations and a heavy dose of pessimism,ybe even are the days in a better place for 2019? joining us now from london to discuss is jonathan. because we are focused on going with thend dance go scandal, let's start with european banks. are they better off now that new lows this year of in legal fees and turning revenues? jonathan: in terms of our starting point for 2019, we are trading less than eight times one your forward. ear forward. --ske and the entertainmen anti-money-laundering. i would much better be where we are. somewhere where catalyst are more difficult identify. matt: are they european banks in a worse position than u.s. banks? positive still more expectations for the u.s. economy next year, plus, you have a highe

tom keene and francine lacqua.isis in the modern history of the conservative party. i thought that gave scope and scale. francine: it does. i'm looking forward to the speech of hammond. we also had a chance to speak with the foreign secretary, talking about the need with many people believing and not believing that we need to protect the u.k. from a no deal brexit. what is significant is that now, because of where we are in the kind of messiness of it all, every person and every party now think they can get the brexit they want, so there's very little commonality. tom: it is beautiful here, a warm winter day. they have no idea what a real winter is in london. but in this beautiful setting, i said the nation is exhausted. is that right? are the people exhausted from this? francine: i don't know how much the nation follows live by blow the brexit negotiation, but a lot of people have been reenergized because they see this kind of u-turn from the prime minister as a possibility of getting the brexit they want. that is

that is why tom keene is in brussels, to try to figure out what eu leaders bank. orning, everyone. it is a constitutional crisis in the united kingdom. francine on the green in westminster and i am on the grounds in brussels. extraordinary set of meetings here. what i would say to our two chris --teve and chris, let me go to you with what i find extraordinary, what does that the eu has many other issues to talk about. brexit is important but it is not front and center for the eu leadership. there are other things going on. chris: i would say not front and center, it is kind of risk management. if the u.k. were to crash out of the european union next march, that would be a very serious shock for the u.k., but it would be extremely uncomfortable economically for the european union, especially neighboring member states. there's a lot of sake in risk management. the european union must have thought they were shot of this. as someone might have advised them, the u.k. parliament and political class was not behind the project which the british government had cooked up. to

tom keene in london next week. the e.u.chelle barnier is in brussels answering questions of 40 members about brexit and article 50, saying they have to prevent the u.k. from undercutting the e.u. economy and he has reiterated there is an unprecedented deal with the u.k. on offer. this is what the onliamentarians will vote on monday. it looks very difficult, if not impossible for theresa may to get this through unless there are amendments. tom: extraordinary to see what the e.u. conversation will be. the availability is more data checks, that is the value to you. we welcome all of you worldwide. one chart to look at is oil, the intraday chart breaking down right now. annmarie hordern and other reporters speaking on saudi arabia and the price reacts south. west texas intermediate at $50.64. on the center side, let me show you on radio. four or five days ago, we breached $50 a barrel and we are getting there by the time we get through the first word news. >> thank you very much. here is what is happening, the arrest of a chine

announcer: here are tom keene and francine. saying good morning to all of you.f our favorite moments of the year, talking about the year past and really, more than any year, looking forward to next year.

i am scarlet fu along with tom keene. .his is a huge meeting meeting.s a live jeff rosenberg nodded offy. it is a totally different meeting than we expected for weeks ago. german, when we talk about what is it -- gentlemen, a lot of people say we will get a dovish hike. what constitutes a dovish hike? >> it is all about the language and the surroundsound of the day. i want to go back. is not just this is a live meeting. it's an inflection point in the whole trajectory. you don't want to over hype it. there is only once in a cycle where the transition and the like which we expect, getting rid of the forward guidance, moving onto the next phase of normalization is what we expect. tom: we have chairman greenspan to join us in a bit. 1994. boy, that was in emotional time. i'll relate back to a 1994 redux? >> i think we are. this is the thorniest meeting i can remember in my career. there is a lot of intricate issues to work through. if they get it wrong, the stakes are pretty high. i think the key is we get the hike. we have to get the hike, but the language around the hike is parsedo be we

tom keene in washington. francine lacqua in london.erbert walker bush, his state funeral at 10:00 a.m. this morning. about thetell us weight in the u.k. pre-brexit right now, some document? francine: legal advice. yesterday, theresa may had a tough day in parliament. three of her votes got voted down and was found in contempt of parliament, which means parliament has forced the government to publish this legal advice on what the text means for the future relation of the u.k. and eu. we should get it any minute now. the text of could also have an impact edition -- implication on the politics of that. it plays into the psyche of the parliamentarians who will vote. tom: we have guests today in washington that span the nation's politics back to the time of bush. william holden is not that ancient, but more than associated with those names as well. your expertise, and we love having you on the show, a navy pilot in the pacific ocean, a deficit of $55 billion in the heart of world war ii, a time of no new taxes, read my lips, to 90 billion,

tom keene joins me out of new york. talking about brexit tomorrow,esterday, .om and i will be live i think there will be pretty tough negotiations going on at downing street. today, we will go through what or how the prime minister can win the vote or not lose it by too much. this is bloomberg. ♪ place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. rise.ne: trade tensions beijing summers the american -- summons the american ambassador. theresa may's big day is still set for tomorrow. john kelly is out of president trump's chief of staff. good afternoon if you are watching from asia. this is global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. -- "bloomberg surveillance." getting ski boots ready to join me at westminst

i'm tom keene in new york.re. 99,000 security forces in paris tomorrow. members: 99,000 police being deployed. that was the figure we were given an hour ago from the interior minister in france. they are stressed about the fact it could get out of control. this is the first protest we see after the government backed down on the tax. they backed down on fuel you would have thought it would of been quieter. there is a lot more anxiousness out there. may be the number is 89,000, but a marginal 10,000, who is counting? good firstting on a word news. russia flexing muscles at the opec meeting. so far moscow is refusing to commit what saudi arabia is demanding. they are meeting today. -- trump administration someone assting president trump is in buenos aires. authorities have accused the man of u.s. sanctions on iran. with anowell came out assessment of u.s. economy debut for the monthly jobs report is due out. he tells us the they were market is strong and the housing sector is performing well. the report is coming

tom keene standing by with two key voices on that issue. tom: thank you so much.is an interesting year for books about investment. i give a shout out to howard marks with a wonderful effort. and maybe we can do it in 2019, or do it to expand the. two weeks or do it early. this is a young guy you may of heard of, a journalist. and kate joins us with her years at variance. tales of arbitrage, kate and mario. and you pick it up by the way it is columbia business school substance, but far more important is the material inside. congratulations on already the book of 2019. would you explain how you tied him down for enough time to actually get this going? >> it was the opposite. he was very patient and persistent in convincing me to sponsor the book. tom: all the work i know about this, about the work with mario and with mergers and all of that, that there is a seriousness to it. in all the different chapters, all these people involved, there is a cadence to it it just. . it just as adult. how did you approach the seriousness of this book? >> it was all serious people t

fed watchers were able to get exclusive insight from vice chair richard clarida who joined tom keene ersation on bloomberg surveillance. tom asked how policymakers are factoring trade tensions into their economic projections. tom: if we diminish trade, what is the price? >> in terms of the outlook for the u.s. economy, trade is an important part. i don't think we are going there. trade is a very important part of the global economy right now. i think the u.s. economy is in good shape and we can talk about risky scenarios, but i think it is very solid. tom: within the trade is the idea of exports and imports of america, how does fed policy link into these debates or do you feel it will be more removed in the future, more sterile to monetary policy? >> i'm not going to get into the politics. i think fed policy is important in terms of making sure u.s. economy achieves maximum employment and stable inflation and that is really a dual mandate given to the fed by congress. we are focusing on what we need to do with our tools to achieve that mandate. tom: chairman powell focused in his spee

and former reserve chair alan greenspan with tom keene and scarlet on wednesday moments after that decisionhe political environment and the pressure exerting on policy. the am concerned about political system. government --.s. -- today and the economic outlook is offended. >> in your generous time, let's pause on where we are within our american political system. do you find a permanence to the populism or do we rebound out of this administration whether it , bute term or two terms actually a traditional political system. >> let's remember what caused populism to the world, mainly in latin america. the growth rates slows down. when the growth rate slows down, you get a strong political response and the personal group of people who come on the scene saying we feel your pain get very considerable attention. populism is not a philosophy like communism or capitalism socialism. it is a crime -- a cry of pain. andle saying we are hurting somebody comes along and says i have the solution. that person has always been effective in getting public office. >> i know you do not comment on jay powell but

bill dudley spoke exclusively .ith bloomberg former federal reserve chair alan greenspan spoke with tom keenerlet fu on wednesday just moments after that decision. they discussed the political environment and the pressure it was exerting on policy. >> i am very much concerned about the political system. i was in the u.s. government from us 20 years. i never saw anything remotely close to what we are observing today and i think the economic outlook -- generous time with us this afternoon chairman greenspan let's talk about where we are in the american political system. you find a current to the populism or do we rebound out of is administration whether it one term or two terms back to a more traditional political system? what causedember the populism and what causes populism throughout the world. when the growth rate slows down. when the growth rate slows down you get a very strong political response. people saying we kill your pain. your pain get considerable attention. populism is not a philosophy like communism or capitalism or socialism. pain, peoplef helpless. that person historically has

exclusively with bloomberg on thursday, and former federal reserve chair alan greenspan spoke with tom keeneon wednesday, moments after the decision. they discussed the political environment and the pressure it is exerting on policy. ♪ i'm very much concerned about the political system. i was in the u.s. for almost 20 years. anythingr seen remotely close to what we are observing today, and i think the economic outlook is being significantly affected. >> in your generous time with us this afternoon, chairman greenspan, let's pause on where we are in american political system. do you find a permanence to the populism today, or do we rebound out of this administration, whether it is one term or two terms, back to a more traditional political system? >> well, let's remember what caused the populism, what causes populism throughout the world, when the growth rate slows down. when the growth rate slows down, you have a very strong political response and a group of people who come on the scene saying we feel your pain get very considerable attention. remember that populism is not a philosophy like

tom keene is in new york. we need to talk brexit. urinho.mo this is a big deal for our football watchers. am, i guess it is a no-confidence vote. i saw the game the other day, and i have to be honest, i am a know nothing on this, and i am not surprised he is shown the door. francine: i know about him, one of the biggest personalities. on josehave a lot more mourinho. we will talk more on markets. let's get to the bloomberg first word news in new york city. president xi jinping insists no one can dictate reforms to beijing. he insists china will stick to its policies despite pressure from the u.s. and others to allow more eight competition in its economy. present she spoke on the anniversary of reforms that unleashed the economic boom. the european union will not make it easy for the u.k. to leave. if there is no agreement, bloomberg has learned the eu will do many deals with the u.k. to ease the chaos of a no deal brexit. there would be a bear of -- a bare minimum of custom, finance, and aviation. a new survey shows american retail investors

tom keene has the day off..s., the biggest since 2009, filtering through japanese equities, then petering off for europe. and u.s.all lower futures pointing to a lower start. let's get to bloomberg first word news. will lead aerrish delegation to beijing for trade talks, according to bloomberg sources. it will be the first face-to-face trade discussion since president trump and xi agreed to a truce. president trump says he has no plans to with draw the military from iraq. may use iraqe u.s. as a base for regional operations against adversaries, including islamic state. after president trump ordered the withdrawal of forces from syria. the political u-turn following the president floating the idea he would sack the central bank chairman over future interest rate increases and contributed on monday to markets falling, trump now saying the fed will "get it" very soon. u.s. lawmakers continue to clash over president trump's demands to fund a border wall. for a wall.billion democrats have proposed $1.3 billion for b

we are joined now by tom keene, anchor from "bloomberg surveillance." very important day.'d like to turn now to domestic issues, and talk about what president george h.w. bush meant domestically. most of us think of him in terms of foreign policy, as we were talking about with senator lugar. of his remarkable achievements in four short years as president. but he also had a substantial role domestically, and not an easy time of it. youth, andmber as a of course, this is ages ago, it was just assumed, it was a given , that america would always recover from recession. we would bounce back to that american vitality we knew. i would respectfully suggest we didn't know it at the time, but this was the first president that had to confront how much of that bounce back would be a bounce back. david: he did have a recession, which really hurt him badly politically, i think it is fair to say. it came on the heels of a 1980 budget deal that was very painful to him. he campaigned on saying no new taxes, and got in there and said we have a budget deficit we have to aggress -- to address

francine lacqua and tom keene we have a terrific, david riley, .nn pettifor, and gilles moec you seem. if the prime minister wins this vote, how do she gather in her contentious fractured party? afraid, tom, that is something that i don't know. but if she wins, it will strengthen her position. the really big issue is that there is no alternative plan for what to do other than the no deal plan. that is in law already and is the 29th ofccur on march. that is the only firm thing that we have. what we lack is an alternative plan, either a referendum or a softer brexit. these are not on the table at the moment. the only thing on the table is the fixed arrangement to leave on march 29. so between now and then, the prime minister, if she does win tonight, will have to put immense pressure on her party to come to some agreement on the next steps. and the next steps cannot be, she will not wanted to be a no deal. tom: david, do you adjust and outlook for 2019, not only off the turmoil of the last 24 hours, but just the chaos of politics of the united kingdom? the you have to amend the 2019 vie

tom keene off today.er a scandal erupte over facebookd's use of the anancial -- personal data, first lawsuit has been issued. joining us now is matthew of bloomberg intelligence. it seems that there are various lawsuits, there are various things we should worry about. ? have they fixed the problem can maybe sure there is no new questions over data privacy or is it still ongoing? matthew: i don't think we can be sure and i don't think facebook is sure. they have been doing a lot of work over the last few years to troll through previous agreements and practices they had. there could be more to uncover. the new york times yesterday kind of revealed these backdoor agreements they had with a number of large tech companies. i think only time will tell. lisa: to me, one of the big liabilities is the drip of the news that keeps coming out, even after the hearings in washington, d.c. and other disclosures. can expect some kind of management change in response to the failure on their part to be fully transparent? m

"ext, "bloomberg: surveillance with tom keene and francine lacqua.resident of ukraine. don't miss that exclusive interview at 8:00 p.m. london time. ♪ n time. ♪ . . francine: mixed signals. the rally in risk assets comes to a halt. a section of u.s. treasuries flipped for the first time in more than a decade. does this mean a recession is on the way? another brexit hurdle for theresa may. her government may be content by not publishing legal advice. unilaterally boosting the pound. welcome to bloomberg

tom keene special, check it out, why not? coming up, more on expectations for the jobs report. what will reaction function be of the market? this is bloomberg. ♪ ♪ is "bloomberg daybreak," and i have your bloomberg business flash. $5.2 billion in cash. one of the minority investors in the consortium is a billionaire founder. biggest ipo of the year. companyachusetts-based sold shares within market range. market value of $7.9 billion. howcompany is researching to make personalized vaccines. chrysler plans to build in detroit. plant will build a new version of the cherokee. 400 jobs may be created. alix: thanks. we are still waiting for some kind of a decision from opec and russia. no surprise. they have not finalized the overall cut. the other thing we are watching, jay powell saying the labor market is peachy. the economy currently performed well overall with strong job --ation and gradually wising gradually rising wages. labor market is strong. look at what expectations are. a cut for 2020. move intorely any thousand 19. the journal hadn't -- in 2019. hunter and david, constan

i'm keene -- i'm tom keene.s right now. ♪ tom: federal reserve's decision is getting a lot more contentious just as the meetings , others president trump calling for chairman powell to hold fire. leading stocks -- uncertainty of the s&p 500 coming in at 2018 lows. interesting nuances over the morning. futures lift up 14. i'm going to call that a churn the yields come in area the 30-year-bond. 48 .77.ude, a shock of where we were 90 days ago. investors, debating if the market route will keep the fed. will they keep it from raising rates? >> the fed i

i am tom keene in new york, nejra cehic in london.nchester moments ago they announced a replacement guy in the field. nejra: i love the breadth of your knowledge that you can even talk man u when it comes to the u.k. there is not a lot going on with brexit at the moment, but because you talked about inflation and central bank, we also have the boe this week as well. inflation in the u.k. dropping to a 20 month low. do with the has to demolition we have seen in oil prices. tom: really good point to bring up the boe meeting. -- is front and center. all of these teams want him. enough about football, let's get the first word news. viviana: it is a victory for president trump on capitol hill. the u.s. senate has overhauled a measure. the president had lobbied for the bill at one point it appeared doomed. bloomberg is learning, they are considering a spending bill that could finance the government until february 8. the white house has signaled the president would back off a confrontation over the wall. has the you can high alert about the

this is "bloomberg surveillance" live from new york, i'm tom keene. in london, francine lacqua.mportant press conference from mr. macron in minutes. francine: i think it is the prime minister that will actually start speaking, and we will hear from the president of it later. hopefully we will have more context on what they plan to do. the concern was that it sort was a fuel hike, but then you saw cars burning in the middle of paris, blockades, and general anger. tom: very good. in new york city with your first word news, here's uma. reporter: french president emmanuel macron is trying to appease the protest movement, announcing a suspension of the fuel tax hikes that led to violent demonstrations in paris. the taxesia saying will be suspended for several months. brexit opponents in the u.k. sayingtten a boost, britain should be allowed to reverse its article 50 noticed that began the divorce process with the eu. if the court agrees, that could help those campaigning for brexit to get a second referendum. president trump's advisors are struggling to explain the trade deal he said

. >> the current contenders to replace mattis is general jack keen, a fox contributor. tomotton a former army cotton and is on posed to pulling out of syria and shanahan. one of the lone supporter of the space force. general matusz enjoy -- mattis enjoys a 84% approval rating among troops. >>> thousands of people paid respects to two officers struck and killed by a train in chicago. services were held for conrad gray and today a funeral was held for the other. >>> we go to new jersey, a white high school referee has been benched after forcing a black wrestler to cut off his dreadlocks. he was told his length and headgear did not comply and he was given the choice to cut his hair or forfeit. he beat his opponent. >> that brock his spirit. it had to. that's rough. >> unless he wanted to do it of the to be pressured to do it. that's a violation. >> local school officials looking into the matter says the referee will not be assigned to events until it is reviewed and the investigation is complete. >>> a parkland high school shooting survivor is going to harvard. he announced hi

. >> reporter: amid the volatility, a keen focus on a simmer trade between the world's two biggest economies. tom costello, nbc news. >> reporter: this is richard engel. china is demanding the immediate release of one of the most powerful test executives. although huawei's ceo was detained in canada at u.s. request, allegedly for transferring american technology to iran in violation of u.s. sanctions, washington has broader concerns about her company and another chinese tech giant. >> as we've seen in the past, i.t. security threats. >> reporter: concerned echoed when i sat down for a wide ranging interview with the cia's top china analyst. he said china is trying to gain influence and intelligence through its tech companies. >> the chinese have laws within their own country that require companies, if called upon, to have to respond to the government's call for data for access that would create a vulnerability to anybody who has access to that. >> reporter: she was arrested the same day president trump met with china's president xi at the g20 summit to discuss resolving their trade war. today her

trump ally republican senator and iraq war veteran tom cotton has no desire to run the pentagon. even refired four star general keen list. politico says soon-to-be acing secretary of defense patrick shanahan may be running the department indefinitely unless someone catch's president trump's eye. hans, curious to get your thoughts. what are you hearing on who the administration is looking at to replace mattis and how much do you think mattis' outgoing resignation letter really put a damper on anyone else wanting that position going forward. >> reporter: mattis has set a bar. we know what mattis triggers were. all the signalling on this is that patrick shanahan could be there for a long time. we heard that from the president himself in iraq when he talked long term he could be there. the interesting thing about patrick shanahan is we don't know that much about him. he doesn't have any obvious policy preferences. he did learn at mattis' feet for two years. but he's a blank slate in term of how he thinks power should be projected and crucially the importance ever allies. i mention all that because likely shanahan will

keene was one of the names thrown out. he has publicly said he is not interested in the job anymore. a lot of buzz around tom cotton. there is a lot of controversy around him as well, at least with some of his colleagues and how he would go through the con permission process. heather wilson, the current air force secretary, could come the first woman to become defense secretary, but she has sparred with the trump administration over the creation of a new space force. the one thing we have learned from this administration is expected the unexpected. there are probably a few names out there that none of us in the defense reporting community have even thought about what the president is seriously considering. if you are making bets today, the best bet is patrick shanahan. we have seen the president put acting secretaries in and then eventually rollover that job to the permanent job. host: that's let callers join in. we have some special lines. we are going to have active military, so if you are an active military member, we want you to call (202) 748-8000. veteran, retired military, we want to hear from you at (202) 74

keen to people who have a progressive idea of how we move forward. is there a formulation of the question that parliament can agree on? tomot point, because there is parity for me, that remain should be the option on the ballot paper. there is also their argument as to whether it should be the prime minister's deal, or no deal. you could even have a more complicated scenario, where you might put an initial question, which is the best the want to remain or leave? and if people choose to leave, then you put comedy what the prime minister's deal, or no deal? so there are a number of complex things to be resolved. nejra: thank you so much, brexit spokesperson, we could talk about this forever. and someone french, chief gordon.t at tranmere up next, trump trade exuberance in the market today, as asian stock traders are hit by , welcoming fans that beijing and washington me lead trade tensions. tune in to bloomberg radio live device mobile the riyadh i will be joining you there from it a.m.. this is bloomberg. ♪ this is bloomberg. ♪ nejra: good morning. these are today's top stories. the brexit plot thickens. the eu fails to an

senator tom cotton's name, i don't know if that's a reality, given the split on the hill now, they may need his voice for the administration on the hill. retired general jack keenther one that occasionally his name is out there, retired general keith kellogg is another one. it will be interesting. president trump appointed retired military people to key positions, but secretary mattis was the first recent general, remember, he had to get a waiver to become secretary of defense. it will be interesting to see if there's another general brought into that job, whether it was considered that was a successful experiment as secretary of defense or not. i am in the car with my kids. that's what the whining is in the background. working mom. >> go. this is the beauty of it, you're juggling, i have to let you juggle. thank you, courtney. trust me. >> thanks, chuck. >> anybody knows the back story on jim mattis, she knows that back story. howard fineman, defense. department of justice, new chief of staff. on one hand i could say it is the two year mark, if you're going to go, go now. this does feel like utter and complete chaos. and you're right, that's probably the way t