is the trump economy going to be a recipe for success? we'll head to detroit and get answers. >>> president trump pledge on the campaign trail to lower taxes and simplify the tax code. will you keep more of your money under the new president's plan? >>> first, a look at how the stock market ended the week. >>> now here's a look at what's making news as we head into a new week "on the money". u.s. housing starts jumped to their highest levels in nine years in 2016. they increased by 11% in december to an annual rate of 1.23 million units. that's higher than economists had expected. but the number is a volatile one. stocks were flat most of the holiday shortened week. the dow trade anything a fairly narrow range. s&p is 500 and nasdaq were choppy as well though they closed higher on friday. if you're looking to fly for less, add american airlines to your list. but he will get less. american will start selling basic economy fares. no choosing your seats, no flight changes. >>> paul mccartney is asking for help. he is suing to try the get back

the trump economy is our cover story. >> under our plan the economy will average 3.5% growth. >> president trump's growth is to spur that growth with a new tax plan, reducing the current seven tax brackets to three. on the business side trump wants to cut the corporate tax rate from 35% to 15%. >> a trump administration will change our failed trade policies, and i mean quickly. >> trump also believes current trade deals are hurting american workers. he wants out of the transpacific partnership, or tpp, a planned trade deal with asia. and he wants to renegotiate the north american free trade agreement, or nafta. that's a trade agreement that was enacted 24 years ago with trump has also proposed a moratorium on new regulations and plans to roll back existing rules on industries from banking to mining and manufacturing. >> i am going to cut regulations massively. >> joining us now is ben white, politico's senior economic reporter. and from washington, sarah fagen, a former bush-cheney aide and partner with ddc advocacy. thank you both for being here today. >> thank you. >> thank you. >> ben,

take credit for, when is the beginning point for the trump economytrue. and you're long overdue for a recession, too. so what happens if you come in on a high here and then there is some kind of a shock out there that causes maybe a pull back. >> this is now donald trump's administration. in a way it is touchdown's econo donald trump's economy. what will he do. we'll discuss the message that he said behind us right on the capitol and what he intends to do today. >>> we did it. we did it. and now the work begins. >> president donald trump takes immediate steps. he signed his first executive as hours after taking the oath. now perhaps tens of thousands of people around the country are preparing to protest. welcome back to "early start." i'm christine roman. >> i'm john berman. 32 past the hour. he want to welcome our viewers in the united states and all around the world because really the whole world is watching right now. and for the first time the sun is rising on a trump presidency and all the action moves from behind us at the capitol where he took

just 19% think all americans will benefit from the trump economy.onald trump has republicans who supported him or people who consider themselves republican, they expect he will lift their financial life. a lot there riding on that. >> everybody points to the stock market. that is not the only indicatoin. >> stocks and housing. not just the stock market. ironically, the people who benefitted the most from the president-elect donald trump presidency are the richest people in the world. >>> 18 minutes past the hour. confusion in chicago after police use force to bring down a black man after stealing a car. so who's car was it? did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. >>> breaking news. at least 37

president trump he wants to get the economy going more than it is now but he may have his work cut out for him. >> steve liesman. >> does president trump have the secret sauce to make the economy boom? cnbc took a detailed look at times of the economy has grown more than 3% trump has the ingredients about half right. first thing the economy's only growned more 3% about a third of the time since 1990 so it's pretty rare. trump's promise 4% even rarer. boom like growth requires an economy firing on all cylinders. consumer spending needs to support annual gains of 3 .r5% or better but that's not even enough. productivity has to surge. it's averaged 1% average since 2010. it averages 2.7% during the boom years but that's also not enough. business spending and e. ports have to play vital roles. these are two areas that trump has promised. >> i think a lot of what he's talking about doing speaks exactly what the economy needs. certainly corporate tax reform is going to be very important to getting business investment cranked off. businesses have been sitting and waiting to see. >> but trump'

trump took office he is up 2, 3%. stronger dollar means we have strong economy. you don't want it too strong because it does give companies as trump compared it to like china which has been falling, some people interpret as unfair advaage. so that is dollar strength versus yuan weakness from our president-elect trump along with critical comments about a republican tax plan really weighed on financials today. look at morgan stanley, down 3 and 3/4% despite earnings that climbed over 85%, 83% as a matter of fact. this is strongest fourth quarter for morgan stanley since the financial crisis. because of the overall sector weakness financials having the worst day since june of the sector the industry came down. retailers were higher, getting back to the republican's proposed border tax plan. trump was not in favor of that. his quote was, i don't love it. that is what it was. therefore you saw strength in the retailers today. especially tiffey's. this is great story, not for tiffany, tell you real quickly with the flagship store at trump tower. tiffany basically said c

trump is pulling out of tpp. is this the beginning of what will be a major u-turn in u.s. trade policy? reporter: it is definitely the first step for america's new role in the global economy. mr. trump is following up on his campaign promises, when he pledged to renegotiate or terminate any trade deal he considers not to be in america's interests. talking about tpp, i have to say that this trade deal has not been implemented yet, has not been approved by the senate yet, but it was aimed at countering china's role, china's impact in the region. it will be interesting how president trump is going to address this issue. what could be even more important is that president trump is already talking a mexico and canada about the north american free trade agreement, which he also wants to renegotiate, on which however up to 6 million jobs in the u.s. rely. host: we also saw the first official press briefing by the new white house press secretary, sean spicer. some interesting things were said about fighting terrorism. let's take a look. >> whoever shares are interested in defeating isis, not just on the national security front but the economic front, if we can work with somebody

how are businesses preparing for a trump economy?we are joined by dan levin, and phillip coused, ceo of bamco. both men members of the young president's organization. dan, let's get down with you. do you change anything about your business plan, your business planning, or your future investments because of what you heard from the president-elect so far? >> thanks for having me on the show. really right now i'm optimistic. have i made changes to date? no. president-elect trump is not the first president to promise something before he took office. if he can follow through on what he's talking about, and there's any uptick on making it comfortable and successful environment for manufacturers in this country, we would not only be expanding payroll but also operation. >> so you will be a small business getting bigger. is it just because of trump or other economic and confidence factors causing you to do it? >> it's a variety of factors. it depends on when the president-elect says he wants to grow manufacturing in this country. if it's a c

you're having to trust other doims grow trade and the economy. trumps nationalism which is inapparently more pessimistic. when it follows globalism, it has to lead the a shrinkage in demand and less gdp around the world. so the tech industry is so exposed to that. it needs china. both for supply of materials and for demand for its finished products. does that mean, specifically how that might impact say hardware companies? chip companies? the ones that have stuff moving across borders? >> i would love to say that's the one i'm worried about. i'm worried that we're just radically altering it. we're seeing the same thing going on in health care. the same thing going on in energy. where we're going. instead of trying on develop new technologies in all these different categories, we appear to be retreating to the old way of doing things. to me, i don't see that's good for investing, for the country, for the world. i love the market setting new highs. it gives a chance to say, do i want to keep going? the market looks great. >> let's go even shorter terms a

get a veryorder to healthy economy, trump does suggest a strong economy, you need 3% real growth and 5% nominal growth and we are a point under for both of those. >> this is absolutely crucial. if we are to see a lift in the animal spirit, certainly something the president-elect wants college do you think it will be an inflation left illusory to americans of little value or will we actually see real economic growth over the next year or two years? bill: i think some of both. it is hard to know. we don't really know what the program will be. trump is suggesting the $1 trillion program over 10 years, that is $100 billion per year, that is 0.5% in terms of fiscal spending, might boost real growth. we have seen inflation grow with these numbers and inflation grow by 3%. i think some of both. what is critical is the productivity number. not just productivity, but total factor productivity. it gets a little complicated and economist-speak, but it means that you cannot just throw resources at the economy like trump may do and the republican administration may do in terms of fiscal spending,

when you look at the economy, leaving aside the possible impact of the trump administration, is 66 basisoints appropriate for this economy? mr. kaplan: we should be removing accommodation. higher rate in 2017 is going to be more appropriate. the thing we will debate is the rate at which we should be removing accommodation. the sep that came out in december gives you a sense of where we are, of my views. we should be removing accommodation. i think we can do it in a gradual way. i think we need to be on that kind of pet to remove monetary commendation. michael: if we followed the consensus, how would you see the timing? what criteria would you use to decide, ok, this is the meeting? is,kaplan: the framework are we making progress on reaching full employment and price stability? we are making good progress on both. the other thing is a little bit wonky. what is the neutral rate? the rate at which we are neither stimulative or restrictive? towardto see is moving that neutral stance. michael: what is that number? mr. kaplan: there's been a lot of work, and i have said before with you, there

there's a lot more to talk about including the economy of donald trump. me of the tail winds that the new president can feel pretty good about. that's next. >>> all right. the obama economy is now the trump economy. here's a look at what president trump inherits in his first full day in office. the latest reading on economic growth, 3.5% growth in the third quarter. look at the jobless rate at 4.7%. the labor market is creating 180,000 net new jobs each month and home prices are up 5.1% over the last year. the president's job plan was updated. president trump promises to create 25 million jobs. that would be more than any president in history. another big promise to bring manufacturing jobs back to u.s. shores. that's going to be tricky. the number of americans working in factories plunged during the recession. nearly 800,000 new manufacturing jobs have been added since the low in 2010, but we have been talking about automation and technology and productivity and when you talk to ceos they say they have manufacturing jobs open today but they don't have the

if the trump economy policy takes off and we start at 6% real growth we'll generate so much wealth we'll be able to deal with the russians. you will have with secretary mattis who understands how to be friendly or tough, and letting other guy pick which he prefers. i am not so sure putin will not decide to experiment of working with us rather than compete with us. but i think you have to be careful, reagan had the right tone, talking about trust, but verify. i think that you know trump has to enter every conversation with putin with that attitude, i would like to work with you. it has to be real, if you don't work with us, we'll find a way to drown you. maria: do you expect the sanctions against russia to be rolled back? we know that rex tillerson had to deal with russia like with a lot of "mad men" in the work to get access to those country, for exxoexxonmobil when he ran exxon mobil, he was not happy when the sanctions were put in place. >> i think, weird the other day that president obama, extended you know penalties and kicked out 35 diplomats and so forth, a week before he got the i

. >> here comes the new phase of the trump economy. call it the show me the money phase. trump's press conference left investors with questions. they have had high hopes for big growth, less regulation, lower taxes. that drove stocks to record highs so now comes the desire for details. we know what markets like. they like big promises for rolling back leglation, slashing tax rate, reforming the tax code. we know what they don't like. protectionism and trade wars. in his press conference, he promised a big border tax for companies building things overseas, but selling them here. in the past he has floated huge tariffs and a repeal of nafta, something that could spark a trade war or raise costs for corporations, raise costs for consumer goods. look for some clarity on all of that in the confirmation hearing of wilbur ross. that comes wednesday, two days before the president-elect becomes the 45th president and his first 100 days begin. a period he's promised would be loaded with changes. a repeal of obamacare, more pressure on companies to abandon their expansion plans in me

it's a central part of president trump's strategy to boost the us economy and is on the agenda today y's annual retreat in philadelphia. president trump will be there to give an address as will british prime minister theresa may, a first for a foreign head of state. before winning the election, mr trump promised he'll cut the us corporate tax rate from 35% to around 15% to try and keep more us business onshore. he's also targeting the billions that us multinationals, the likes of starbucks, google, and microsoft make overseas. mr trump says he'll allow them to repatriate those profits at a 10% tax rate. that's what he said anyway before his election. but the us president is likely to face competition. uk prime minister theresa may has pledged she will deliver the lowest corporation rate in the g20 as the uk tries to make itself attractive to big companies once it leaves the european union. it's currently at 20%. and just next door is ireland, which is in the european union, has had big success luring multinationals. the likes of apple, intel and pfizer are some of the big american com

suzanne, thank you. >>> as donald trump prepares to take office, americans are preparing for the trump economy. a deep divide in how people feel about their money. 51% of people believe their financial situation will improve over the next four years. 37% think everyone's finances will get better. check out the difference with the democrats and republicans. 70% of republicans are optimistic about personal finances. 77% think the entire country will be lifted up financially. look at democrats. only one-third feel they will be better off in four years. that is a stark difference. >> we are overdue for a recessi recession. >> long overdue. when i look at this expansion and stock market rally, still years to go. traditionally, time is like the enemy. the economy expands and kcontr t contracts. we will have to see. >> thank god again, christine romans is here. >> god has nothing to do with it. >>> we will get into all the headlines with our political panel. you will hear that when we come back. >> greg knows about the business cycle. and pr. nourishes deeply, for naturally-beautiful, revived hair. g

how will trump lead the economy and where? >> president trump represent the hope of globalism. erik: brexit comes into sharper focus. >> i want to negotiate a free-trade trade agreement with the european union. business and financial leader share their outlook for the year ahead and their insight for changes on the global horizon. than17 will be better 2016. >> we are placing bets on technology. >> the middle classes disillusioned about the future. >> the eurozone may not survive. >> the most influence in the world right now is populism. erik: it is straight ahead on "bloomberg best." ♪ erik: hello, i'm erik schatzker. it welcome to doubt both and welcome to "bloomberg best." your weekly roundup of the most important business news, analysis, and more from bloomberg television and around the world. world economic forum, we had the chance to discuss the week's biggest stories with some of the worlds finest minds. let's take a day by day look at the top headlines. >> 2017 is starting out as the year of geopolitics led by brexit in the incoming trump administration. a single countr

program calling for a 10% cut in the cost of the project and so the bargaining begins and the trump economy is off to a booming start. hey, searching for a great used car? i don't want one that's had a big wreck just say, show me cars with no accidents reported find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing i like it start your used car search at carfax.com i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. lou: there is little doubt tonight president-elect trump is following through on many of his campaign promises already including bringing jobs back to america. you would know that however from some of the national left

the dow jones industrial average part of the near term is really more of the near term trump economy; right? while the nasdaq represents the transition economy that's going to dominate for the next 100 years. in fact, this point was born out today with the retail sales report. department stores down 6.7% month over month. more than 8% year over year. meanwhile internet sales pop over 1% month over month, that's big, 13% from a year earlier. so back to the implications of consolidation in this sideways trading. they can last for weeks, these sort of things, or months like the struggling we saw with the dow once it cleared 18,000. for the most part, the index moved sideways from december 2014 into november of last year. almost two years, i don't think we're going to see that pattern this time. in fact, the inauguration is next week. corporate earnings reports are going to pick up steam. so here you have administrative milestones, positive corporate guidance. i think that's going to be your one two punch to finally see the dow break through 20,000. so bulk up, boys and girls, and let's m

program calling for a 10% cut in the cost of the project and so the bargaining begins and the trump economy is off to a booming start. we are coming right back with randy evans. stay with us. when a cold calls... achoo! ...answer it. with zicam cold remedy. it shortens colds, so you get better, faster. colds are gonna call. answer them with zicam! zicam. get your better back. now in great tasting crystals. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. make the switch and find out why 96% of our customers are satisfied with liberty mutual. call for a free quote today. liberty stands with you™. liberty mutual insurance. lou: there is little doubt tonight president-elect trump is following through on many of his campaign promises already including bringing jobs back to america. you would know that however from some of the national left-wing med

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new medicines. >> absolutely correct. >> caller: how much more room for growth do you see in the trump economynk the trustock is bein stalled. what is conservative about gw pharma is all these states that are making marijuana legal. this is a good company, but i do -- you know, as one state after another makes it legal, the value of the company will go down. i still like it, but i can't be as enthusiastic given all these different electoral mandates. let's go to kevin in california, kevin. >> caller: booyah to you, jim. >> nice. what's up? >> caller: i was hunting for some dividend stocks. i want to know if i should pull the trigger on stag industrial. >> we like digital realty, and we like federal realty. federal realty doesn't have that big a yield. i can see getting behind yours, though. it's not an expensive stock, not a lot of risk. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. whern giidea ede ket prals knra binbere t fe.? whern giidea ede p tohenoed o otot kt mee.e.ere t fe.? whern gi

how will trump lead the economy and where? president trump represents the hope of globalism. >> saying you're going to do things and getting them done are different things. erik: brexit comes into sharper focus. theresa may comes to make her case. >> i want to negotiate a free-trade trade agreement with the european union. erik: business and financial leaders share their outlook for the year ahead and their insight into changes on the global horizon. >> there is an expectation that 2017 will be better than 2016. >> we are placing bets on technology. >> the middle class is disillusioned about the future. >> the eurozone may not survive. >> the most influence in the world right now is populism. erik: it is straight ahead on "bloomberg best." ♪ erik: hello, i'm erik schatzker. welcome to davos and welcome to "bloomberg best." your weekly roundup of the most important business news, analysis and interviews from bloomberg television and around the world. here at the world economic forum, we had the chance to discuss the week's bigg

economy are still booming. on the external front, the possibility of confrontation with donald trump on trade, and ironically itwth -- boost growth in the u.s. economy that china would benefit from that. kevin, ok, out of the people you have been talking to, what is the balance of opinion about the bulls, bears, and the outlook for the economy in the year ahead? a i think it looks like fairly stable year, and because of the communist party congress, the government is not willing to tolerate growth much below 6.5%, maybe a little bit, but it is mindful of the buildup of that and external risks from confrontation with trump. it is also not likely to provide to much stimulus. stability is the keyword here. that is paramount for 2017. rishaad: thank you very much indeed for that, kevin hamlin there. right, what we have on the way out of bloomberg markets: asia, david updates you, as well as shery. shery: the conversation on china and the chinese yuan at new lows. to theing strengthened most, but what does that mean is the currency depreciates? we talked to a bearish analyst on the currency. issuance in the market c

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it is more about japan will rise or fall in terms of how trump approaches the global economy. i am confident and i'm glad i'm confident he's not going to attack japan directly. i worry he may attack mexico or china directly. >>> the world will get its first taste of a trump presidency in two weeks, and no one inside or outside the country knows quite what to expect. but there are signs it won't be business as usual, especially when it comes to relations with china. earlier nhk world's spoke with nihada in beijing, who has been looking at the situation from the chinese perspective. >> president xi jinping made it clear in his new year's speech he wouldn't soften his stance over issues that put his country at odds with the u.s. >> translator: china has resolutely defended its position on its territorial sovereignty and maritime rights while upholding peaceful development. the chinese will never accept any contrary view. >> china has been conducting exercises in the south china sea using ground aircraft carrier for over a week. this has been seen as a message to trump who has been

direction of the country, getting the country growing again, focused on the things donald trump's talked about. jobs, the economy, the working men and women of the country.

>> absolutely, you focusing on the economy, president-elect trump is trying to focus the economy, but more personally, american people right now want to focus on jobs and the economy. dragging people down, in to hollywood group think is is not affective for the groups she purported to try stand by her. liz: thank you, coming up later, scott baio laying in on trump and meryl streep fight could back in 2, don't go away. i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. hey, drop a beat.flix? ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the sa

economy in 2017. our senior economic correspondent rako sakuri asks adam posen, president of the peterson institute for his insights on the policies of donald trump's administration and possible risks they may pose. >> let me first ask you about the u.s. economy, how do you see the economic policies of the new trump administration? and what will be your concerns? >> the biggest one would be are they going to start trade wars with mexico, with china, with other trading partners. and it seems we're being told that the things that wereaid inin the campmpaign, either wert fully intended or were merely threats. i hope that's true. but my fear is they're going to have a big trade deficit in the u.s. no matter what they do. the second worry is the proposals they have for fiscal policy in the u.s. involve enormous tax cuts and some not very good spending. and these will be things that will run up the debt without doing much lasting good. they will probably increase growth in the short-term. but they will not be sustainable. i worry about a repeat of the 1980s, where we have a big boom and a run-up in the dollar and the trade deficit and then a crash. my th

discussion risk moving into 2017 don't talk about obama anymore not about obama economy it is trump economy priorities through congress economy needs him to be able to do that that is open question right now. dagen: talking about last minute regulations, because of the 145 new regulations 31 are economically significant they have a impact of 100 million dollars or more by the way, there has been a president obama came out with a record number sf those examine examine economically significant regulations during his time, in office a. but trying to i can mate easier to roll back earlier this week they voted on being able to nick more midnight regulations in single vote this could happen you could have a -- real juice in economy quickly if republicans can get this done. >> i think number one out of gate impact of the trump presidency, by the way, i don't that i you need congress own most of this most regulations we are factualing about that have really hampered economy were signed through executive order by this mountain that means new president comes in signs executive odd repealing a lot can

. >> announcer: coming up, can investors count on banks to earn returns in the donald trump economy? we're taking more than just a passing interest after earnings from the big banks this morning. cramer sits down with the ceo of first horizon national when "mad money" returns. w us.. l lsson a >>> let me ask you something. what would happen if we started valuing bank stocks on earnings instead of all the nutty stuff we've been evaluating them on for the last couple of years? what would happen if we looked at how much money the banks could make and decided, hmm, that's cheaper than a lot of other stocks. let's sell those others and buy the banks. well, that's exactly what's happening and what happened today. and i have to tell you it's a sight for sore eyes. you see, banking is actually a pretty darn good business. it's just been ages since we've been able to remember that. taking your deposits and investing them either in risk-free assets or in loans with higher interest rates is a phenomenal business. these companies make money when they turn the lights on in the morning. i think th

is that the trump economy? building material company is gain. the u.k.s to the states to become the first world leader to meet the new president. sehe

the prime minister says he'll tell trump japanese firms are contributing to the u.s. economy. trump has said cars imported from japan are hurting the u.s. auto industry. shinzo abe says he'll explain that japanese auto makers alone have created more than 1 million jobs in america. >> translator: i want to explain that the two countries both enjoy benefits in a win-win relationship and neither party is unilaterally taking opportunity. >> they say they will reaffirm the u.s. can maintain a security presence and defend japan. he stressed the importance of a provision in the bilateral security treaty. it stipulates the u.s. is obligated to defend japan. abe says he plans to reaffirm the basic principle in an emergency the u.s. military would come to the aid of japan. >>> iran is likely to be high on the global agenda for the trump administration. they confirmed the country carried out its first ballistic missile test since trump took office. the u.s. official says the law firm took place sunday from a military site in northern iran. it flew about 1,000 kilometers before exploding i

ceo mark fields is going to weigh in live on the affects of adding job in a trump economy, straight a rodney and his new business. he teaches lessons to stanley... and that's kind of it right now. but rodney knew just what to do...he got quickbooks. it organizes all his accounts, so he knows where he stands in an instant. ahhh...that's a profit. which gave him the idea to spend a little cash on some brilliant marketing! ha, clever. wow, look at all these new students! way to grow, rodney! know where you stand instantly. visit quickbooks.com. i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. maria: ford motor in focus, fourth quarter earnings moments ago. earnings at 30

taking a look at this, we have seen funds coming back to asia despite the trump fears. china economyossibly bombing out. you think it is going to be sustained? we are talking about -- but we did selloff quite badly after trump was elected. the fundamentals are interesting this year for asia. you've got to talk about the risk as well. you see president trump coming in with guns blazing, dropping the u.s. out of tpp which was no surprise. he is also talking about currency manipulation and border tax adjustments. you, americar first? what does it mean for the rest of the world? what it does. there are countries and sectors in asia, korea, taiwan. predictry difficult to and plan for. we have to be very flexible and make sure if we are in areas -- it is all seems like about dollar dynamics. one could move the dollar higher from here. is it more about protectionism? >> it is probably more about the inflation trade. the dollar is being weaker, implying protectionism is going to be bad for growth. it real surprise is everyone in this street -- in the street is exacting a dollar that is stron

donald trump's plan to roll back relations on wall street. saneld bloomberg that economiesck by two many regulations is a childish approach. what donaldone know trump is going to do as president given the many things he has said? there is no good case for a major deregulation. the idea that america or any economy is held back by regulation, this is a fantasy. a childish approach the to the to the economy that has no justification whatsoever. printout of a tweet donald trump used with bernie sanders using it as a prop. he promised not to cut medicare, medicaid, or social security and now urging mr. trump to veto any urging mr. trump to veto any supposed cuts. manus: the next ambassador to the european union. 24 hours after his head assessor -- precdecessor. togers piled criticism on theresa may's government. anna: cutting production has been ousted as venezuela's oil minister, who has been in the role since 2016, will be seceded succeeded. nicholas euro may be aspects -- nicholas made the announcements. manus: a former currency trader admitted to conspiring in the exchange m

trump approaches the global economy. i'm confident he's not going to attack japan directly. i worry he may attract mexico directly. >> i'll leave you with a check on marks. >>> onto other stories we're following this hour. china has warned the united states to uphold its one-china policy and not side with taiwan. the talks take place over the tour. tsai is scheduled to transit through two u.s. cities. the remarks appear to be warning to u.s. president-elect donald trump. trump angered china by speaking with tai over the telephone after elected. he also cast doubt over whether he will uphold the one-china policy. the u.s. has acknowledged china's policy since 1979. >>> japan and nato have agreed to increase defense cooperation. the defense minister was at nato headquarters in brussels for talks on thursday. >> translator: the japan/u.s. alliance is the cornerstone of japan's security. and nato is an important eye between europe and the u.s. >> japan and nato agreed to work closer together in the fields of maritime security and cyberattack prevention. while referring to presid

trump? don't count on it. >> if they do a bad job, i'll say, you're fired. >> speaking about the economy, trump also said there were 96 million people who wanted a job that couldn't get one in the united states. but the facts show that just 5.4 million say they want a job. the remainder are either retired, sick, disabled, students or running a household. this was a big feature of the campaign trail, too, whether or not the unemployment figures tell the full story. >> people on twitter yesterday after the speech, they say we're entering a new era now, if accusations go towards you, all you say is fake news, then you don't have to sdedeal with the allegations. >>> coming up here on "street signs," will funding for start-ups hit new heights in 2017? we'll discuss that and also looking at all the other top trends in tech to keep our eyes out for. that's coming up on "street signs." into. >>> good morning. welcome back to "street signs." funding circle raised $100 million in equity capital in an investment round spearheaded by excel. they say they're lending to small and medium businesses and will c

economy. it doesn't exist out of trump's hands and it is something where he will have an influence on it, but to dictate it. thank you for your time, lots more on that story on our website. staying with the us and donald trump, and we assess how the vast us technology industry is preparing for the new president. it forms a huge part of the us economy, accounting forjust over 7% of the value of goods and services produced there in 2016. our technology correspondent rory cellan—jones has been to san francisco to find out what the tech sector thinks of mr trump's policies. san francisco, in effect the capital of silicon valley and the epicentre of silicon valley and the epicentre of the technology industry. looming over everything right now is the prospect of a president the majority of californians did not vote for. one tech firm, the memory of his election still hurts. it felt like someone died in the family. it felt like 9/11. everyone was in shock. we are kind of in a bubble in the tech industry. we thought hillary was for sure going to win and the next day trump wins, and you have to wonder

trump's election victory. >> translator: the u.s. is the world'd's biggest economy and h been seeing steadily accelerating growth. but it has also seen various developments. including a rise in interest rates. >> kuroda said he had received no requests or instructions from abe. >>> checking the markets, stocks headed slightly higher. many investors refrained from big moves ahead of donald trump's news conference. >> overall trading was muted, but we did see some investors go bargain hunting after the nikkei's three-day losing streak. we saw gains in the material sector. let's see the closing levels for this wednesday, january 11. the nikkei 225 rose .33% higher for the first time in four sessions of the broader topix was up .5%. hope for economic growth lifted the steel sector here in tokyo. jfe holdings jumped 5.5%. toshiba will news that it will have financial backing from its creditors. focus will turn to how asian investors react to donald trump's first press conference sen si since the election. >> singapore and indonesia ended at little change. the hang seng a

is that the trump economy? building material company is gain. the u.k. prime minister has to the states to become the first world leader to meet the new president. wants to renew the special relationship for a new age. good morning. this is "bloomberg surveillance." i am francine lacqua right here in london. we have a pack show for you. we speak to the former fed governor, randy kroszner, then the economics professor joins us that 9:30 a.m. u.k. time. we will talk a little bit about regulation. the u.k. brexit sector, the house of commons will be monitoring that, and any breaking news. first thing is first pure the dow yesterday reaching 20,000, so let's quickly check on your market. this is a picture overall. we are seeing a nice little post. stoxx 600 gained 0.5%. i want to show you what happened in japan. the global rally is picking up speed after that landmark for the dow. gold in boston seeing a selloff. let's get to the bloomberg first review with nejra cehic. hasa: president trump enacted two of his campaign promises, it discussing a physical wall

get ak that in order to economy, trump has suggested a strong economy. you need 5% nominal growth. >> still ahead, as we review the week exclusive fed insight from a voting member of the fomc. expert opinion on the most and markets inks 2017. more of the top business stories. >> he will be leading expansion into asia. erik: this is bloomberg. ♪ erik: this is bloomberg best. i'm erik schatzker. the trumpopments in transition. the new leader for the a securities and exchange commission. >> donald trump taking -- in a statement the president-elect said jay clayton is a talented expert on many aspects of regulatory law and will ensure financial institutions can thrive and create jobs while playing by the rules. donald trump picked the ultimate insider as his next sec chief. >> there is no doubt he has bona fide's representing the biggest players. you were talking about someone decade spent well over a representing the firms that ultimately are under the regulatory oversight of the sec which he may not share. >> the battle over the affordable care act is unde

then stephen moore will discuss president trump's to lower taxes and increase the economy. and how journalists should cover donald trump watch seven eastern. join the discussion later we share governor terry mccullough and they give their annual state of the states assessment. watch out 11:30 a.m. eastern on c-span. >> after their weekly partyline senate republican spoke to reporters about the nomination process. >> hello