u.s. the united states and china of course being the world's most important car markets now as u.s. consumers have had a long lasting love for pickup trucks carmakers were eager to present their latest big expensive gas guzzlers analysts say the high end segment could benefit from president trump's tax reform luxury car makers especially could be the clear winners as the new tax legislation leave more cash in the hands of those with higher incomes but concerns about potential protectionism in the u.s. market cast a shadow over the industries of war and carmakers performance last year and a look ahead at twenty eighteen our correspondent carsten phenomena spoke to b.m.w.'s chief financial officer. dr peter immobility is said to be the future of the car industry a number of countries throughout the world are trying to get more electric and hybrid cars on the road now here in america this administration has different priorities but there are many states and cities who are pushing this development how important is this market segment for b.m.w. first of all in terms of electric powered

so i'm optimistic far twenty eighteen for our performance in the u.s. market why. because on one hand side we have a very successful five series with a full impact in twenty eighty and on the other hand side we are launching the x three to be followed by z x fonzie x. two and later in the years the x. seven so in a market which is clearly more and more focused on its you vs we have exactly the right mix of products. b.m.w. chief financial officer nicholas peters speaking dark correspondent costs and phenomena there so the battle is raging over the next big market immobility ford just announced an eleven billion dollar investment to improve low battery range that's a challenge drivers are willing to ship to face nowadays but more and more are going electric despite its limitations our reporter i mean a city caught up with one. if you forget to charge your phone you can't use it for jeffrey jacobs the same goes for his car jacobs drives a nissan leaf a one hundred percent electric vehicle with a range of ninety miles that's just enough to get him to his job and back

for ferraro, the purchase is the chance to scale up quickly in the u.s. market, which is a top priority for that company. >>> coming up, the future of driving. >> her something you don't see every day. the whole side of the car opens up. innovation broug to us by a chinese auto company. and they want to sell cars in the united states. i'm phil lebeau. that story coming up o" >>> here's a look at when the watch for tomorrow. soldman sachs and bank of america are scheduled to report earnings and givifiedance on how their financials will be impacted b the senate will hold its second and final vote for fed chair nominee jerome powell. and the fed will announce its beige book, an anecdotal look at economic conditions across t country. th what the watch for on the price of bitcoin fell below $12,000 for the first time in more than month. that drop came atmosphere south korea's finance minister said the shutdown of virtual currency exchange is still an option. south korea is one of the largest markets for digital currency trading. there are repor of a crackdown on the

u.s. markets were closed, the decline of the u.s. ar dominated, falling for a fourth day, the longest losing streak since january last year. it is putting pressure on cryptocurrencies. let us talk about the major dollar.es and the sue: yes, even though markets were closed, it really does stand out. we are on the heels of five straight to clients, how is it possible? we have a tightening said, we have strong u.s. growth. a lot of it has to do with the traders being more hawkish on other places, particularly in europe. if you look at this chart, the bloomberg spot index is at a three-year low. people are excited about the euro and the strengthening of the euro, which has exacerbated the weakening of the dollar. bloomberg economists are bumping up their 2018euro and the strenf the euro, which has exacerbated forecast for 2.2%,rea growth at certainly exceeding last year's estimates, and putting the euro on a very strong path. we are also seeing strength and other currencies which have the dollar weakening again. a very big story as we con

if we look at the u.s. market, it is more like cap that level. rate of the market is almost double what it is in china as well. i think it comes back to the eight old submission that gdp is not necessarily the most important thing when it comes to the stock market and i think that is the case here. gdp has to slow. that will continue to happen over time. it does that mean the quality returns in the market and stock market given the valuation level cannot generate quite a reasonable return for the next. of time. ramy: we have to leave it there world'sstill ahead, the first virtual reality theme park is up and running in china. and we will have a firsthand look at the future of interactive entertainment. haidi: next, old mutual telling us how the fed outlook will affected strategy when it comes to asia. this is bloomberg. ♪ ♪ haidi: this is bloomberg asia. ramy: i am in new york. after a banner 2017, u.s. equity markets opened to 2018 in just a few hours time. will they repeat the highs of the last year and what challenges might they have to contend

u.s. markets and robust online trade. >>> and asian equities swing back as china fixes the one mid point at the strongest level against the dollar in two years. u.s. futures point to a big open for the dow after a long weekend there. >>> good morning it is tuesday. you can see the handover from asia was strong overnight. hang seng has made new highs up 1.1%, on track for the highest close on record. we also saw good performance from nikkei up 1% in overnight trading. topix had a decent session overall for europe the picture is more positive stoxx 600 up around 0.1% let's switch into european markets and see how things are shaping up there ftse 100 is the laggard there. we get uk inflation data in a half hour's time that's expected to dip a bit xetra dax up 0.2%. cac is flattic we have the macron meeting coming up later this week. in germany as well we have had a slew of earnings come out this morning that are driving some of the performance. let's get into sectors and talk about some of those names. utilities are leading the charge up 0.6%. real estate having a good day, up 0.5%. to the dow

if the u.s. market correct's, i think all markets are going to come off a little bit. think challenges are more pervasive to the u.s. market than overseas. they are not at full employment like we are here, their officials are still erring on the side of easing. they don't have as much inflationary evidence as we have building. there is greater risk in the united states market and i would hide out overseas. but i don't think there are going to escape if we don't have a correction this year. >> what do you do and the united states? do you move, do you put more money into cash? >> i think there are several things. as much risket has here, and i think it is going to be higher yields that is going to bring stocks down. --ouple of things i would do i would move from the united states to the maximum amount you are allowed by your parameters. i wouldn't want to be hanging telecomtilities and that get hit pretty hard. we are switching from an economy led by consumer spending business spending. so technology, industrials, energy, i think are the areas you want to focus on. a lot

u.s. labor market will be the big focus. the december jobs report due at 8:30 a.m. eastern. rm payrolls are forecast to rise by 180,000 following a 228,000 gain in november the u.s. economy is expected to have added about 2 million jobs in 20 17 versus 2.2 million in 2016 the unemployment raid is holdten steady >>> let's talk to danielle dimartino booth and david rosenberg. danielle, starting with you, before we get to the jobs report, i want to go back to a discussion we were having before the break, in terms of president trump celebrating the dow going across 25,000. to what extent is he right to claim credit for that move >> the question is will he take credit for when things go down i have never seen a president act so strangely when it comes to the stock market. it's one thing to say central bankers should not comment on stocks, but it's another thing to see a president own the rally like he has. especially when he said we were in a fat, juicy bubble >> the economy is doing well is he right to claim credit for that. >> we've seen the birth of companies come off the groun

u.s. markets are closed today for martin luther king day, but we are open for business and so are the marketss across the board to start a new week, but what a week it's been for u.s. stocks starting this year is the best start that we've seen in more than a decade. asia overnight stocks were mixed to take a look at the markets. the

the u.s. market is one of the most important market. bloomberg at the detroit motor show. will get the view coming from next. >> it is almost 1:00 p.m. here in sydney. this is bloomberg markets: haidi: iron ore shipments hitting a record as automation help to boost productivity. an exclusive, healthy tencent unit plans to tap into the off-line retail storms -- stores. and hedge funds increase bullish bets. week, we will be looking at all week until thursday and the number comes out, some of the challenges facing policy members in beijing. is one of in the yuan them. trading highest in three years. the deleveraging campaign is another bugbear, a huge challenge, what beijing is trying to do. shows youe chart that infrastructure investment in china, which has been one of the huge factors fueling economic growth in china. it has been slowing as china has been trying to put the curve when it comes to credit. investments is the white line and the china gdp is an turquoise. very closely correlated in terms of how much infrastructure investment, -- construction in particular, play

for ferrero, this is about buying in u.s. market -- into the u.s. market. utella is not that huge in the u.s. vonnie: what about the brands? some of these are brands you wouldn't consider the ferrero brand. the for a brand is more luxurious. >> that's why they have bought it. these are the brands that are well known in this market. it remains to be seen how many of those they will keep. ella realize that just nut and ferrero roche a isn't cutting it in the u.s. vonnie: it's getting rid of some of these unhealthy items. shery: kick cats are fine -- kit kats are fine. vonnie: another milestone for u.s. stocks. the s&p topped 2800 earlier. holland & cow, chairman, michael holland. know about ge? -- michael:too late much too late. has a tough road ahead. i said enough is enough. would you get back in at some point? michael: sure. it will be desperate prices. it's likely over the next 12 months that the company will be broken up. year, 16%urns last underperforming against the s&p 500. would this be the right time to buy it? investor butas an someone who is specu

u.s. markets is still positive -- our view on u.s. markets is still positive. we are expecting more value-oriented names to do better in 2018 after a long stretch of underperformance for the last five years. we are very skeptical of bond proxies. we are not calling for rates to be rising much above 275 for 2018. still, we think there will be added pressure on those bond proxies with high-quality such as the utilities. vonnie: before this, you oversaw the global fixed-income team. i'm curious as to your read on the bond market the last few days and just generally in 2018. how are you looking at the fixed income allocations in your portfolios? james: the two key stresses on the bond market facing investors this year, first, there's the removal of liquidity. there's this interesting situation in the u.s. where we will have a lot more supply in the market at the time when one of the biggest buyers is actually fading into the background. just based on supply and demand alone, pressures are for higher yield. this morning's ppi print had a bit of a wrinkle to it. we a

u.s. markets. we did see asian markets rally overnight. i'm betty liu in new york.di: i'm haidi lun in sydney. you are watching daybreak australia. president trump says all the sticking points preventing an immigration dealer on the side.at tensions growing about a possible u.s. government shutdown by the in of the week. bloomberg or correctional -- congressional reporter laura is with us. how likely is this going to government funding drying up by the end of the week but is there a chance that this commentary by the president is part of the gamesmanship to getting a deal done? laura: things have definitely increased in intensity over the weekend. we have had a very pivotal and surprising meeting at the white house thursday where a bipartisan group of senators hope to be presenting a deal to get some deportation projections for young undocumented immigrants, that they were hoping the president was going to accept this. they put it in the spending deal to help create an en bloc double movement to get this shove through congress. what ended up happening was this meeti

way through the system but i think you know i think you're the world globe the global markets the u.s. market s. and p. five hundred are very healthy valuations are reasonable and i think the one fly in the ointment you know the one thing that could cause a problem is the bond market what you did this or in arresting opinion piece brian on markets and and you i love analogies and metaphors and you likened the bond markets to an old mafioso saying about a snake and waiting and you tell us more about that because i think our viewers might enjoy it. well you know you and i are roughly the same age part you know i graduated with a finance degree from from a small small school in ohio in one thousand nine hundred two when i was studying money in banking and economics volcker was pushing the short term rates up to twenty percent so you've got an entire generation of investors who know nothing but bullish bond markets and lower rates and you know that the whole metaphor the whole analogy about the snake lays coiled you know i think it's going to come from the bond market when there is a problem and

u.s. and china being the world's most important car markets of course as u.s. consumers have had a long lasting love for pickup trucks carmakers are eager to present their latest big expensive gas guzzlers analysts say the high end segment could benefit from president trumps tax reform luxury car makers especially could be the clear winners as the new tax legislation will leave more cash in the hands of those with higher incomes but concerns about potential protectionism in the u.s. market cast a shadow over the industry. but let's bring in our markets correspondent cold here in frankfurt to daniel is there anything on display in detroit that has investors particularly excited. while one investor was looking was sparkling ice at those pick up trucks there are now being again introduced in the united states and it's very obvious that from the u.s. markets perspective those are still the car models that you can really make a lot softer what money with many investors are telling me that two thousand and eighteen most likely is going to be a challenging year for ca

so, it is just the sentiment that keeps the market wheels turning. not just here in the u.s? >> sure, look, foreign markets outperformed the u.s. markets. i think things are starting to look up across these. europe looking good, japan looking to, even though they were still headwinds. the picture as steady as long as that remains steady and stable. again, you see confidence across the board. cheryl: and our focus turns to earnings. dow component today, verizon, johnson & johnson, procter & gamble, how do you feel about those companies? don't tell me everyone is doing great. >> it's a tough time to take winners. if they decouple him to converge. you start to see the trend happening. if you start seeing earnings would you invite investors off the table to play it safe right now? if you're an investor we take some money and to the portfolio. lauren:'s benefits for having me. >> of course. cheryl: procter & gamble taking some steps. transfer the sum at the health care provider instead of the consumer brand. i guess that is where we are. hey, tracey. >> procter & gamble eager for

markets. he is concerned the u.s. equity market is becoming, in his words, irrational. the comments in a bloomberg exclusive interview in beijing. >> it's not coke and pepsi. we are 20% of the u.s. mutual fund market. our global basis, only a couple of percentage points of the overall arc it. i think there's quite a bit of opportunity for us to take that message. size is something we pay a lot of attention to and word-of-mouth and the loyalty of our clients is what has driven growth. we have many investors who just keep putting more with us over time. just building relationships deeper and deeper. >> at what point does it become irrational? close in getting very the u.s.. the evaluation is very high. every bit of good news seems to be incorporated into the market prices right now. there's is not a lot of room for bad news. 2007,e first time since we are actually looking at the situation where a balanced portfolio might outperform an overall equity portfolio over 10 years. what we do know is, no one can predict what will happen in the next 12 months. i'm sure the equity

u.s. equity markets are set to open accounts. at whether it will be more highs or bumps in the road. >> u.s. stocks had a banner 2017. the s&p 500 ended every single month with a gain. it was not just the s&p. take a look at 5096. all major indices had good years. the dow, nasdaq, and s&p hit simultaneous intraday highs 30 times in 2017. there were threats from north korea and warnings stocks in the u.s. were too expensive. not just the u.s. markets. take a look at 2050. almost every major global indices ended 20 and positive territory. thatis unsurprising given all 45 economies in the oecd showed they were growing. volatility was a major theme of 2017, or the lack of volatility. we saw the vix fall to a historic low. that volatility might return in 2018. 7470, shows bets volatility will return are up. mike wilsoney's said he thinks those bets will pay off this year and cited less benign global macro conditions, including a challenging global growth environment, fed tightening, and uncertainty in the u.s. over how that latest tax

u.s. would lift the american market two decades ago. and german discount illegal is off to a poor start in the u.s. its first year there the company has only opened forty seven markets this than the supermarkets rather less than half of the one hundred that were originally announced only twenty more are expected to open this year little says many of the locations it take to are unsuitable because the stores are too big and too expensive and sales have failed to meet expectations. i stayed in business with the. coast. to. coast. to coast. to. coast. more intrigued international talk show for journalists to discuss the topic of the week germany is still struggling to come up with a new government office september's inclusive election will chancellor merkel managed to form a coalition to follow the people of germany be sent back to the polls join us on quadriga to find out just. quadriga next on d w. when i'm travelling to be comfortable. but i also want to stay up to date on the latest news events. and e.w. make some hard a trial like. thi

automobiles hopes to enter the u.s. market through the back door. it would be the first chinese carmaker to sell in the u.s. if they were to do so, they would face a 2.5% tariff here in the u.s. meanwhile, if the u.s. automakers sold cars in china, they would face a 25% tariff, ten times higher, and would have to compete with state-owned businesses and unfair regulations. so while china prevents u.s. automakers from gaining a foothold in their country with prohibitive tariffs, what the "times" called, quote, the highest trade barriers by far of any major car market, they are plotting ways to eat into our market. it's manifestly unfair and a typical, unfortunately typical example of china's rea rapacious trading policies. president trump in his campaign won a lot of votes by promising over and over again that he would crack down on china's mercantilism, but once in office, unfortunately, like so many other of his promises and commitments to working americans, he has not done it, and he has delayed trade enforcement against china time and time again. e

u.s. versus europe. i have got the bond market moving. to what extent will the u.s. rkets outperform the bund counterpart? >> i don't think bunds -- manus: i'm sorry, bonds. termst is interesting in of that deferentially the market in the short-term is starting to bring forward when the ecb might start hiking rates. in that sense, the differential, it is starting to diminish a little bit. that is one of the things has supported the hero strength against the dollar. -- that has supported the euro strength against the dollar. manus: this is the u.s. bond on the two year spread. out?think that has topped >> well, at this particular point in time, we do think that the market will keep on going to the process where it starts reassessing where the ecb is going to be. it is they came back from the december meeting were illustrative in that sense. if you look at forward rates, we are looking at a conversion. manus: in terms of the story, if i look at the cpi sales and retail that a, excluding energy on friday. they say, you have got medical goods, vehicle pricing -- those are

u.s. markets hit a low of about six thousand six hundred points as you can see there much of two thousand and nine just weeks off to iraq obama had been elected to the white house since then the market has seen a fairly steady rise all the way up to that twenty five thousand mark as you can see but remember the dow had already almost tripled in value by the end of twenty sixteen when donald trump won the election it has continued to rise since then on the back of a robust labor market which was also made the thanks to obama. there you go nice to business with you i've been physical and i'll see you again very soon here on. climbs lawyer. high culture. high hair. from my superman. superfood stylish style icon on the. lead of those. lifestyle you're wrong. you're wrong. we've made your smart t.v. smarter than the w four smart. what you want what you want to hope to do extraordinary. to decide what song. sunday morning. dot com smart. they live to surf. danger lurks in the longer we were there all year long surfing into waste and and polluted water not only being the witness but the fans bei

market. >> this will be a jacket. period. >> it is not much about china selling treasuries, much more about inflation in the u.s. t keeps most participants awake at night. >> for the treasury market, it is more important, what the actions are coming out of europe and japan. >> you have the fed unwinding the balance sheet, the ecb slowing purchases. the boj this week, making changes, if we extrapolate, slower purchases. up theed to take a thumb scale and it is poised to stop manipulating the most important price in the world, the ten-year treasury. that is a meaningful change. >> $14 trillion worth of bonds bought by central banks in the past five years. that appears to be close to an end. >> the bond market is not dead, it is dealing in a bearish trend that a lot of people have not seen before. they have to learn how to do it. >> we have put in a structural yield, to say that we are in a bond bear market is premature. mark: let's bring in jim. >> i think it is a bear market for yields. i look back at the summer of '16 . the in aggregate across bond markets was less than .5%. astonishing. we are 1.2% today. we hav

but jap says there's plenty of potential with its iconic drink brands keurig dominates the u.s. market for coffee pods the new company should have around eleven billion dollars in annual sales shares of dr pepper snapple group soared twenty five percent on the news bad news for tech giant apple its signature product i phone ten apparently isn't selling as well as expected that's according to a report by a japanese five japanese financial paper it says the u.s. tech giant is having production for the phone this quarter the article says the phones hefty price tag is to blame the devices cost upwards of eighty thousand dollars a result of their costly olet panels and so the lackluster sales could delay the company's plans to introduce all its screens to other models the reduction in production will likely also have a knock on effect on asian tech companies involved in apple supply chain. fox wagon will not conduct any more tests involving animals the company says the announcement comes after reports that german carmakers finance tests and bridge monkeys as well as humans were exposed to t

u.s. markets. tuesday, looking at the u.k. cpi. and more retail sales at of the u.k. uidance on that front. that is all we have for this edition of "bloomberg markets: middle east." this is bloomberg. ♪ ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro. with 30 minutes dedicated to fixed income, this is "real yield." ♪ jonathan: coming up, core inflation accelerates, two-year treasuries jump 2% for the first time since 2008. some of the world's most well-known investors say this might be it. the bull market in bonds is over. in credit investors are not showing any nerves. junk bonds with the largest inflows in over a year. we begin with a big issue, a shakeup in the global bond market. >> this will be a jagged period, the first quarter. >> it is not much about china

u.s. markets. well investors here at the trading floor christopher are telling me that yeah he is a really a self-confident guy to say something like this because here we are seeing this rally happening and with new records at the wall street in the united states but frankly speaking we have seen this rarely already happening for about ten years and we also have to remember how many times we talked last year about share about falling shares because of donald trump because of reforms he did not get through because of comments that he made on twitter for example regarding to the tension with north korea many are telling me that the only thing he really get through and that was really helping the market was this tax reform he has done very little when it comes to creating new jobs very little when it comes to have less policies and of course a lot of what's playing into this bruce right now at the wall street is still because of the former government because of the former government of president barac

prescribed medication is widespread on the u.s. market and a frequent cause of death at that point in my life. like everything was ashes my family was literally coming unglued i had actually planned. to commit some sight was all who was made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was was terminally alter what i did. it was done on the tomb of legal truths. just because something's legal doesn't mean it's saying it's right the stand and hear from us and. move along with a small. amount of good armor on our trophy for there are rather democrats that are before the fourth of them medicare. i'm going to let them but i don't cut him any cut and there and kick and nail i don't lose a child first of all that it doesn't have. a long word then now mind my michelle the downside of. the. numbers set up around the hey how do you want to do it. and get this whole food place choice the i knew where you're from and theosophy chime in syria has said. this she

prescribe medication is widespread on the u.s. market a frequent cause of death at the point in my life. like everything with my family was literally coming unglued i had actually planned. to commit suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was is. what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's safe. it. exists is hotter than kentucky. over all of this group the boy says people were going street funny. a co money city it was almost no coal mines left. the jobs are gone all the coal was the fed that's. lived to see these people the survivors of a world disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happening it's happened. and what politicians do something. they put themselves on the line th

u.s. markets -- in asia, u.s. markets close, but plenty of green. korea and tokyo. we also have boj bond buying activity in focus. the handle.ing at nikkei 22 five snapping a three-day klein, up .7%, as is the topix, and the kospi extending friday's gains .5%. morning, thet this bank of korea's subject currency has pushed down export and import prices. again, the strength of the currency and the dollar weakness is causing concern for regulators in south korea. a newspaper is reporting that there will be an announcement by the government this morning regarding cryptocurrencies. that could influence traders in south korea. in sydney, the index rising for byecond day, led higher materials, gold miners among the ast performers after capping fifth weekly advance. gold prices holding near a four-month high. energy producers climbing in sydney and tokyo with oil near three-year highs. the aussie dollar under pressure but holding onto that handle after a five-week rally. the latest data that shows the biggest jump in oz elong's sense 2015. since 2015.ngs we

u.s. markets, oliver? >> absolutely. there is a fundamental good reason for it. u.s.conomy is doing well. u.s. corporate earnings are doing well, but what kevin talking about weakening dollar. we've already seen that, we're late in the cycle. we don't think the u.s. dollar will weaken much more. with regards to the ecb they're probably mid-cycle where the u.s. fed is towards the end of the cycle. we have very different perspective. liz: kevin? >> i think melt-up in certain sectors, utilities trading at high p-e level. stick with mid tech that will have global growth. liz: good to see you oliver and kevin. we could see dow 26,000 by the end of the close. watch me on fbn to find out. that will do it for the ""claman countdown"." david: markets could be closed but fox business is open unlike cnbc. we're live with the latest developments on all the big stories. the markets are closed but the stock futures are soaring. the dow inching closer to 26,000. we could obliterate records tomorrow hitting the 1000 point milestone in fastest ever. everything is poised for big feigns

markets." mark: here are the stories we are covering from the bloomberg. u.s. stocks hitting new highs before the start of the earnings season. european equities climbing for a fifth day and unemployment in the region falls to the lowest level since early 2009. as janet yellen prepares to leave the central bank, the trump administration is set to be -- said to be making a decision on the vice chair. we speak with the chief executive of express scripts. potential changes ahead for obamacare. have a look at what's happening to european equities. is worldill look at equities. we will comedo, back to this in a second while we fix this. vonnie: i will check u.s. markets first because we are 90 minutes into the trading day. the dow is up .25%. the s&p up .1% and the nasdaq -- tax reform helping the ..s. profit outlook david from mainstay capital think the trading we've been seeing this year is equivalent to euphoria. perhaps this won't end well. they're interesting when we contrast this to a great chart we have in the bloomberg. we are looking at the number of death

an uplift off for poor sand here happening in europe as well but frankly speaking of course the u.s. market is investors it's important for investors but also they are looking to china and russia are those markets also growing very fast thank you daniel and thank you very much for nominee. for china and cambodia have signed billions of deals or business deals worth billions of dollars rather a lot infrastructure projects for the impoverished southeast asian nation and you expressway for example will connect the capital with the coastal city of see how they feel with the chinese have been busy building. they have big plans here up to ten thousand factories are supposed to be built and the province of see hope that's according to a master plan laid out by the company government construction has already started with investments from china the region could become one of us most important economic centers the whole project is inspired by the industrial zones in thailand's eastern economic corridor. for the future it's a good thing a lot of investment is coming in a lot of knowledge a lot of chop

u.s. markets. >> are asking this question because you are assuming a 10 year u.s.y yields is a measure of the risk-free rate. free rate rises, the bar is higher for risky assets, . the dollar is a the measure of sset of financial conditions. what is meaningful here is, despite the rise in treasury yields, the dollar is falling. something has changed. treasury yield is premium.he risk the dollarhe reasons must attract a higher premium to remain stable in foreign exchange markets. no assumptions on this program. asking youi am about. u.s. consumer confidence versus presidential approval. certainly these have been moving in line but now they are moving in different directions. you see president donald trump is breaking with the convention economy they support and follow their leader. never have americans been so hopeful about economic prospects and financial fortunes. can this add to consumer confidence and the way you see the u.s. economy in 2018? >> from my perspective of thating markets, the asset matters most is the america first policy and what that means for u.s

u.s. markets used to be maybe a little bit of a more fertile opportunity. ou know, it was interesting because in the u.s., leslie, as we know, they were waiting for a stock market, hedge funds were, when you had a lot of divergence between the sectors that were working and ones that weren't and stocks that would outperform you actually had that last year. it was so hard, got whipsawed by the sector rotations and everything else. >> overall gain was so good, anything that did -- >> exactly, the level of volatility was so -- also the overseas markets in asia, especially, they seemed like they responded more to macro factors. all those things i think were in the tool kit of hedge funds are maybe going to be more useful over there. >> rob, what do you think. >> i think asia is a pretty big play you have to pick your markets. you look at a place like india, there's something like 4,000, 5,000 companies, alone, listed in india huge opportunity there but huge pitfalls. i mean, the governance issues in ich i india, alone, much less china, a whole other story, this i

u.s. markets. are hoping they will see the return of volatility because that is what they trade on. haidi: thank you so much for that, emma. speaking of volatility, bitcoin has been a boon for china, a country at the heart of the cryptocurrency economy. it dominates the mining of new bitcoin. ur tom mackenzie has have written access to one of the minest digital currency in the world and filed this report from a goalie a. -- mongolia. tom: the world of bitcoin can mines seem abstract. here, the cryptocurrency comes roaring to life. bitmaine is operated by in. one of the largest in the world. this is really part of the central nervous system of the bitcoin economy. there are 25,000 mining machines transactions,ng and generating new bitcoins. the machines solve complex equations to record each bitcoin transaction to a decentralized ledger. miners are rewarded with bitcoin. difficulty increases, requiring faster processing power and more energy. something that comes cheap here in mongolia. >> in china,

u.s. markets. day, markets trying to shrug off the prospect of a shutdown, but that has become a reality. what will we see stateside if markets open there? a buyback of stocks. the business, responding to investor demands. a share buyback over a period of three years will begin in march. 2 billion swiss francs is the figure. they have announced this morning that it is going to merge two of the wealth units. they set out further developments. what the ceo of ubs had to say to manus cranny in zurich. >> have a share buyback program that will partially be executed in 2018. the highlight of this announcement. the share buyback is something many people have asked you about time and time again. what is that? quiteually, it's difficult to be ahead of our u.s. peers. in share buyback is very line with our capital requirements and needs for growth and regulatory requirements, so i would not really benchmark it in that way. it is basically having a very flexible capital return policy with an attractive ordina

, we think this can continue here's why we have global earnings finally kicking in emerging markets in the u.s. and developed markets. we have two years in a row of growth in all three of those we have not seen anything like that since before the financial crisis look at what's happening under the surface with the base medals copper breaking out.

u.s. markets gaining quite some strength he said new records here in the monday session so it did have a certain impact and there was some relief here on wall street at the beginning of the week it's called on wall street thank you very much. and online retail giant amazon has opened a convenience store in seattle that might just be the future of shopping it's called amazon go and customers won't have to wait in line or use a checkout they only need the amazon go app on their smartphones and can simply pick up items and put them directly in their backs the goods are automatically added to a customer's virtual shopping cart when they're removed from the shelves or deleted if the item is put back the system relies on a mix of cameras sensors and artificial intelligence. and that was. a thank you very much for joining us from always check us out on the web at the w dot com or follow us on social media and on behalf of the whole team thank you very much for watching. european stock. performance in the back. the boy concert every weekend cut. above. your smart t.v. . what you watch for when you want

out of the east ports tournament for around one hundred eighty thousand euros in prize money the u.s. market research company super data says the gaming industry had a worldwide turnover of seventy three billion euros in twenty sixteen but the industry is interested in female gamers as customers which is one reason the sector is starting to shift focus for instance to write as lara croft has changed during her twenty year long korea from a mia busty warrior. to a fully realized adventurous woman more and more games are creating multifaceted characters like al boyd they hear from horizon zero dawn. x. or masters from the three d. adventure game life is strange. baps these advances are a consequence of game against issues have been hotly debated under this hashtag for years one provocative question how sick system is the gaming industry and must it change one goal of the game design department at the college of technology and economics in berlin is to get more women into the gaming industry. the fact is that women play games therefore women can also make games and they showed in order to reach

u.s. markets rally, but it is interesting to see how much the emerging markets have rallied in january.g #btv 1004, which it shows you the earnings represented by the yellow line i finally in line with the forward earnings estimates. aroundlook at the period 2009, 2010, the same thing happened. markets took off even more. some see it as a bullish sign. they are relatively cheap, comparatively? daniel: that relative profitability is something we need to focus on. if you compare emerging markets, one reason you saw emerging markets underperformed developed, is because they did not do as well as well. that has changed over the past two years. we have seen outperformance of emerging markets. but it is such a long period, where they underperformed. there is potential for outperformance for the rest of the year. betty: thank you so much, daniel morris, strategist with b.n.p. paribas. this is bloomberg. ♪ ♪ yvonne: a quick check of the latest business flash headlines. in because of a shutdown. they deferred the 2018 sales target of the 78 million barrels equivalent. an austrian unit cost expec

u.s. markets closing andwo -- we have u.s. markets closing in two hours.d to kickoff the year, we are seeing the pause activity. the dow

u.s. markets are closed today for martin luther king day, but we are open for business and so are the markets in europe. loss across the board to start a new week, but what a week it's been for u.s. stocks starting this year is the best start that we've seen in more than a decade. asia overnight stocks were mixed to take a look at the markets. the nikkei, cost and south korea heading higher in asia. here at home, war of words. president trump seeming critics after several lawmakers accused the commander-in-chief of using an expletive was trying to make a deal over daca. >> i'm not a racist. i am the least racist person you've ever interviewed. dagen: the president under fire with dick durbin insisting mr. trump made those comments. one republican has come to good president's defense was david perdue saying president trump did not use the word calling the claims a gross misrepresentation. president trump says democrats don't want a daca deal ahead. sounding the alarm, the worker in hawaii who accidentally sent a missile alert message will be reassigned. news comes as the government says it wil