i'm tom mackenzie in london. straight to business. president trump signs executive orders on his first day in office and flags tariffs for mexico and canada but for now holding off on china. >> we are thinking 25% on mexico and canada because they are allowing vast numbers of people. and fentanyl. >> markets react with the dollar trading higher while the mexican peso and canada's currency selloff. the new president is the talk of the town at the world economic forum in davos we bring you with -- in davos. we bring you interviews with key leaders. happy tuesday. wrongfooted, whipsaw, take your pick. this is the name of the game, volatility for the markets. european stocks pointing lower by .3%, close to .4%. lines on potential tariffs for mexico and canada but nothing concrete on the tariff front and china so far out of the crosshairs. so far. we will see how that changes. ftse 100 futures pointing to modest losses of about .1%, s&p looking at modest gains of about .1%. you have the dollar up, yields down. we will see to what extent th

i'm tom mackenzie in london.g today to a new record high ahead of donald trump's inauguration later today. the dollar, little bit of softness for the greenback. trump's pick for treasury secretary told a senate committee at his hearing last week that maintaining the dollar as the world's reserve currency is critical to u.s. economic health and the nation's future. little bit of downside pressure on the dollar benefiting some other currency pairs in the session. jeremy stretch joints now, head of g10 fx strategy at cibc. the longer-term view, at least the last few months since september, is dollar strength and pronounced, up 8% versus the euro since september up about 9% versus the pound in a similar timeframe. our dollar? trades looking overstretched at this? point is too much priced into the greenback? daniela: i wouldn't say too much priced in but we have seen a stunning rally through the course of last year and that coincided with u.s. yields moving up significantly as we repriced the broader narrative in term

tom: good morning, this is bloomberg "daybreak europe," i'm tom mackenzie in london. an american airlines subsidiary plane with 64 people on board collides midair with a military helicopter in washington, d.c. prompting a huge search and rescue operation in the potomac river. also ahead, no hurry to cut. jerome powell says the fed is waiting to see progress on u.s. inflation, after keeping rates unchanged. the ecb expected to cut later today. meta climbs post market as mark zuckerberg predicts a quote really big year for ai, while it is a mixed bag of results for microsoft and tesla, we look ahead to apple and intel results. tom: we begin with that developing story in the u.s. where a passenger plane has collided with a military helicopter midair in washington, d.c. a search-and-rescue operation is underway in the potomac river where the plane crashed. let's get details from bloomberg's aviation reporter danny lee. >> we have at least 18 bodies that have been recovered from the river so far according to cbs. as detailed still on hold we don't have word on more casualt

i'm tom mackenzie in london. these other stories is that your agenda.ael and hamas agree a cease-fire will begin on monday and last initially for six weeks. the deal includes a release of 33 hostages while israel will withdraw from populated areas of gaza. risk on returns calling u.s. inflation sparks a global rally with asian stocks tracking gains on wall street. in japan boj official see a good chance of a rate hike next week. we bring you our scoop. a holiday surprise. sales jumped 10% with the u.s. driving earnings at the -- the earning story in focus, but it's still in the adjustment of these markets around a softer inflation print out of the u.s. with yields falling by 15 basis points on the 10 year. european futures turning positive pointing to gains after a solid session for european stocks yesterday. part of the upside will come through on the back of the numbers from the likes of the tech space. the semiconductor foundry owner tsmc meeting and looking low in terms of the demand outlook for 2020 five. ftse 100 pointing to gains. s&p futures aft

bloomberg daybreak: europe i'm tom mackenzie in london these are the stories that site your agenda.trump is looking at a slow and steady approach to tariffs, stocks rally. our market moving scope. chinese officials are looking at elon musk to buy tiktok and a french speech to parliament. decent rally coming through, european futures point higher and on the back of this report trump is considering a gradual approach to tariffs. modest gains as you can assets are under scrutiny. modest gains, stocks fell. now pointing to gains of 105. money moving and the dollar index is softer, the pound remains in focus, gaining modestly, brent crude is down and bitcoin is that 92,000. let's bring in the chief economist at ts lombard. i want to start with the tariff reporting. what -- what do you make of the -- the -- the news? if -- a big if, if that is the approach how would that change your views on the impact? freya: we thought they would go gradual. we did not know they would mess up this month. very positive, gets us out of the dynamic in december with tariffs, injecting negative shocks, marke

>> i am tom mackenzie in london and these are the stories that set your agenda. chinese stocks whipsaw after the pentagon blacklists tencent and ca tl for alleged links to china's military and nvidia unveils new chips and software to stay ahead in the race for ai supremacy. semiconductor stocks served. and canada's ruling party begins the search for a new leader after justin trudeau steps down. mark says he is considering a run. >> so it was the tech momentum that fed into the gains on wall street last night, gains of 100% for the nasdaq, around .5%, close to .6 for the s&p 500. you saw the upside for european stocks yesterday but the picture today in terms of the hand over to europe a little saw year. we have data on the inflation front later today that could inform views around the next steps for the ecb with markets expecting another cut from them later this month. ftse 100 futures down .4 percent, an important option and selloff of gilts at the 30 year level that will test markets as yields are comfortably above 5% on the long end in the u.k.. s&p futures low

>> this is bloomberg "daybreak: europe" i'm tom mackenzie in london these are the stories that set your agenda. concerns about overvalued ai stretch into a second day with asian tech stocks extending the wall street selloff triggered by china's progress with technology. nvidia edges up post-market after losing 589 billion dollars in value. the biggest one-day drop in u.s. market history. the chipmaker says deepseek's advances will keep demand strong for its chips. donald trump calls deepseek's release a wake-up call for u.s. firms to stay competitive. on tariffs the president says he wants across-the-board levies quote much bigger than 2.5%. tom: good morning, happy tuesday. where do markets go after the rout of yesterday? the nasdaq 100 following 3%. the s&p lower about 1.5%. and that historic drop for nvidia, losing around $600 billion of market cap, down 16-17% by the end of the close and the ripple across across the mag seven, on a week when you get four of the seven reporting earnings. the other factor to weigh up for investors is the terror threat being put back on the table by pr

i'm tom mackenzie in london, these are the stories that set your agenda. tech stocks rebound from the shut off the royal global markets, traders turn their focus to the fed decision, looking for clues on a rate cut in march. smasher estimates as the ai boom drives demand for its advanced chipmaking machines and seeking deep answers on deep seek. bloomberg learns microsoft is interesting -- investigating whether the chinese start up obtained ai data without permission. we bring you our school. it is a massive dave earnings. european numbers coming through from asml and then we switch focus to the picture on the mag seven with meta, microsoft and tesla all reporting later today. arguably, the tech earnings more important than the fed. that depends on what jay powell has to say at that press conference. european futures pointing to a solid start. risk on, asml helping the sentiment and turnarounds on ai. the gains they came through yesterday on wall street power and the upside that not a fresh record yesterday looking to build on that significantly today with

i'm tom mackenzie in london. markets on tenterhooks as traders await inflation prints from both sides of the pond. u.s. cpi expected to remain firm while the u.k. outlook has investors on edge. south korea's yoon suk yeol arrested over the martial law fiasco. the first incumbent to be taken into custody in the nation's. plus, the sec's parting shot at elon musk, as the regular sues the world's richest man over an alleged failure to disclose his twitter stake ahead of that takeover. tom: it is about the data today. primarily focused on investors with the u.s. inflation print later today and before that at 7:00 a.m. u.k. time, u.k. cpi, after the rout acros u.k. assets. pointing higher a 10th of a percent after ending flat yesterday. for the 100 futures in the u.k. looking to gain 0.2%. s&p futures stateside that of a holding pattern it seems. a next closed for u.s. markets yesterday with the nasdaq 100 down in the s&p eating out slim gain. nasdaq now pointing to gains of 0.1%. let's flip the board cross asset, the

>> this is bloomberg daybreak: europe and i'm tom mackenzie in london. asian stocks slip for a fourth session as traders dial back bets on fed rate cuts while oil climbed to its highest on new u.s. sanctions against russia. and china's annual trade surplus hitting a record close to $1 trillion. jamie dimon says tariffs can be a useful tool if used properly while we are told by someone from u.s. -- from ubs that clients should diversify. rachel reeves returns from china after a week in which markets pummeled u.k. assets. good morning. happy monday. another day, another reigning end of that surround the fed, just 28 basis points priced in, just one interest rate cut expected in 2025 after the jobs data friday came and hotter than many expected with the unemployment rate going lower and a total jobs number coming in at 256,000. you saw the selloff in bonds again friday, markets readjusting and equities stateside sold off heavily friday. there's been a challenge session in asia as well. ftse 100 futures pointing lower, s&p futures around the selloff friday c

i'm tom mackenzie in london and these are the stories that sager agenda.an stocks slide ahead of key u.s. jobs data that could shape the outlook for interest rates. china's central bank makes a surprise move to stop buying government bonds. and 180,000 people have been forced from their homes in los angeles with firefighters battling to control new blazes. president biden promises the government will cover the state's costs and donald trump says a meeting with vladimir putin is being set up as the president-elect resets his goal to end the war in ukraine. checking in on these markets on a big day on the data front with nonfarm payrolls and jobs data out of the u.s. later today. the estimates are that you will see jobs growth of around 165,000 for december, nonetheless showing a solid labor market in the u.s.. european futures currently pointing lower by .2% after actually posting gains yesterday and the ftse 100 was also up by the end of the close but currently flat for u.k. equities. thanks around the u.s. economy. the u.s. equity market will reopen after

tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. the yen gains after the bank of japan raises interest rates to half a percent, the highest level in 17 years, the boj hints at more hikes to come. trump tells davos he wants opec to cut oil prices. we bring you reaction from the world economic forum as well as conversations with the ceos of suntory and pharmaceutical giant merck. asian equities gained as donald trump tells fox news you would rather not impose tariffs on china. the u.s. president urges the fed to cut rates, saying he will speak with jay powell at the right time. >> good morning, happy friday. we will check your markets but before we do that, a redhead crossing the terminal confirming bloomberg reporting that monte paschi will end is in the process of buying in an all-share medio banker. more consolidation in the italian banking space. the details then, monte paschi offering to buy it in an all-share deal, offering 23 new shares for 10 shares. monte dei paschi offering 23 new shares for 10 shares. the offer is just over

i'm tom mackenzie in london. happy thursday. shares mixed after china urges insurance and mutual funds to buy more stocks. the latest support for markets in the face of donald trump's tariff threats. billionaire elon musk says, show me the money to companies that promised president trump billions for ai infrastructure. openai sam altman pushes back saying plus is wrong. plus, in our davos exclusive conversations, volodymyr zelenskyy calls for u.s. troops in a potential peacekeeping force in ukraine. argentina's president said he could leave the trade pack in return for a deal with the u.s. european futures seemingly searching for a catalyst this morning after six straight days of gains punching through record highs by the end of the close yesterday adding around 0.4%. by the close yesterday on the stoxx 600 pointing lower. in the context of a run-up of six days of strength for european equities. the ftse 100 futures are pointing lower. s&p future state side pointing lower by .1% after three gains -- days of gains and near record

i'm tom mackenzie in london, these are the stories at set your agenda. stocks follow a china wraps up support by iran. they are betting the fed will not cut rates before the second half of this year. we get minutes from the central bank later today. samsung gaining after nvidia's ceo expresses confidence that the company can resolve its tech problems despite a profit minutes. and president elect donald trump lets loose on foreign affairs threatening to absorb canada, sees the panama canal, and take control of green liquid. let's check in on the markets. the nasdaq 100 fell around 1.8 percent. the s&p fell around one point 1%. the future suggest there could be relieved coming through for u.s. stocks today after the selloff of yesterday. it's falling by .3%. ftse 100 is currently stable and unchanged. s&p futures pointing higher up .2% after yesterday selling similar picture for the nasdaq 100. this was down to stronger jobs data. a drop of a little over 6% for nvidia. so, big drop in terms of nvidia after it reached a fresh record high the previous days.

analyst in bloomberg clean transport tom: good morning, this is "bloomberg daybreak europe," time tom mackenzielondon. nasdaq futures tumbled on concerns that a cheaper ai model from china's deepseek could threaten u.s. big tech. asian technology stocks rallied on the news. donald trump holds off slapping tariffs on colombia after reaching a deal to send back undocumented migrants. the white house says the south american nation agreed to all of the president's term. plus, qatar reported to confirm a deal to release an israeli hostage and allow palestinians to return to northern gaza. president trump calls for egypt and jordan to take in one and a half million people displaced from gaza. let's check on the markets and the focal point of investor angst is an ai model out of china, deepseek, one of the best-performing apps on the apple store, an open source model causing anxiety for investors questioning the thesis that the spend, the capex spend on companies for nvidia gpus, will hold up as a thesis around the support for this ai revolution. european stocks taking a hammering in terms of futures

tom mackenzie joins us now. welcome to the program.ple who work aware of the buzz over the weekend, explain what is deep seek? tom: a company that drop this model on january 25. they have been running since 2023 spun off from a hedge fund. they draw the model on january 20. there has been $6 million training it, it took about two months. this raises the question about the cost because it has the same capabilities according to many metrics as openai, meta. the cost, pricing, energy, that is the question mark. those are the questions being raised by deep-sea. it is already built on and tested. it could be deployed very quickly, it is open-source so they are able to see the data and able to tweak it as well. there are questions about what goes into building these models in the future. when they turn around and say this is a sputnik moment for ai, we have to take that seriously. lisa: is this real? is there something about this that we cannot see that sort of undermines the premise that everything some of the big tech giants have been doin

mackenzie. johnson. magziner. jeffries. malliotakis. johnson. maloy. johnson. mann. johnson. mnnnion. jeffries. massie. >> tom emmer. >> emmer. [indistinct conversation] >> bret: okay, so that is thomas massie, and he has voted for bob ever for speaker. so that is another person, you see that 1 there, that was predicted. you can't have another republican go the other way, otherwise we are going to another ballot at the end. remember there are five members have not responded yet. four g.o.p.es, biggs, cloud, . they could come at the end and vote, but if they don't it puts the magic number, the total number at 429 instead of 434 and that means the magic number would be 215 so there is a number of ways this can go just by process. and they could not vote and he could still win with a majority of 215. but it is a dangerous game when you start playing this because hakeem jeffries can also g get a 215. and that is where this is. >> and what happens of carson's shows up, the democrat and the four republicans don't show up, you could theoretically have 216 democrats, 215 republicans, which would be a very uncomfortable moment. >> san