u.s. international trade commission blocked the attempt by washington to impose punitive tariffs of three hundred percent and canadian airplanes from one budget the bipartisan panel concluded that on monday is planes do not arm u.s. plane maker boeing as claimed by donald trump's commerce apartment last year the u.s. government accused of idea of receiving subsidies from canada creating an unfair competition for its own aviation industry but his latest jet the c. series is considered a direct competitor to boeing's best selling aircraft the seven thirty seven this could be a huge topic let's discuss it with our financial correspondent on wall street yes caught to hi yes it's good to see you on this friday now this story about what does it mean exactly will those three hundred percent tariff speech effectively lifted at least for now the u.s. will not be able to go forward and start with those steep terror in regards to bombard you we still have to word it wait for the final wording of this decision and that's actually also what to boeing said so boy they filed both claims and boeing is say

u.s. international trade commission is an independent body and it shows that obviously at least one commission is stepping in the way of the u.s. government term who tried to save their own industry with those tariffs it's a very controversial topic over here and a lot of economists actually say that having such a protectionist course is not good for us grows so this decision actually might be a good one for the u.s. economy looking at of all the story together with you thank you very much to new york and have a good weekend on to another topic that might influence the economy cannabis is getting legalized in more and more countries and that means great business opportunities for those who dare to get involved right now one investor in iceland believes his country is ideal for growing weed and that the government is missing the opportunity of a lifetime. growing cannabis the plant used to make marijuana is illegal in iceland but one investor wants that changed he believes the island offers great conditions for growing the wheat. question we need electricity and water for production we have a l

u.s. trade commission has ruled against punitive tariffs imposed by the trumpet ministration on canadian aircraft. c. series was facing three hundred percent import charges after u.s. plane maker boeing complained its competitor had unfairly received government subsidies. to shoes and philippines president two or three go to terence a has voiced support for myanmar as a broyles leader aung san suu kyi to tara tafe said he sees the nobel prize laureates he's facing international condemnation for failing to address the atrocities committed against muslims in myanmar. fighting corruption is topping the agenda at the african union's annual salles which is the under way now and ethiopia's capital. over the weekend african heads of states and government are jews joined the discussions on wants seen as one of the key challenges facing societies across the continent our correspondent in nairobi brings us this report about how corruption affects people's daily lives. police checkpoints in nigeria have been part of everyday life for years. but here they're not about maintaining security they're little more

u.s. trade commission has ruled against punitive tariffs imposed by the trump of ministration on canadian aircraft bombardier c. series was facing three hundred percent import charges after u.s. plane maker boeing complained its competitor had unfairly received government subsidies. philippine president go to terrorists he has voiced support for myanmar's embroils leader aung san suu kyi. said sees the nobel prize laureates who's facing international condemnation for failing to address the atrocities committed against muslims are. both south korea's president in has visited the scene of a hospital fire that killed dozens and injured more than one hundred of his visitors came as authorities ordered an investigation into the cause of the blaze the building in the southern says. caught fire on friday. today as its national holocaust remembrance day marks every year on the anniversary of the liberation of the auschwitz the concentration camp nazi germany murders more than six million jews in the second world war one of those working to uphold the memory of the victims is ninety five year old s

u.s. trade commission has ruled against punitive tire of some posed by the trump administration on canadian aircrafts bombardier's c. series was facing three hundred percent import charges of theft or u.s. plane maker boeing complained of competitor had unfairly received government subsidies. philippine president tried to go to territory has voiced support for myanmar as umbrella leave their own songs of change to tears he has said he pays the nobel prize laureate who's facing international condemnation for failing to address the atrocities committed against the hinge of muslims in me on mar. well today's edge national holocaust remembrance day marks every year on the anniversary of the gratian of the auschwitz concentration camp nazi germany murdered more than six million jews in the second world war one of those working to uphold the memory of the victims is ninety five year old survivor market meissner in the us capital washington. market meisner was born in austria seem practical slovakia's in one thousand nine hundred four the growing anti semitism in her city became more and more noti

u.s. trade commission ruled in its favor in a trade dispute boeing had argued that bomb badia was benefiting from unfair government subsidies following allowing it to undercut the u.s. firms business the decision paves the way for bond badia to sell its jets to american customers without heavy tariffs it's been described as a bubble about to burst a way of laundering money and also as the future of finance at the world economic forum's meeting in switzerland this week the spotlight fell on digital currencies like bitcoin and the technology on which they are built joined a whole as more from davos. there was something different about the davos prominent this year cryptocurrency said arrived they became household names in two thousand and seventeen now believers say the underlying technology block chain is the future police all suspects are young before any feel like point reform and so forth there is fraud there are scared but i don't think that's the majority of it you're going to build a block train across africa exactly what does that actually mean one person who tried to explain it was ja

u.s. trade commission ruled in its favor in a trade dispute boeing it argued that bond body was benefiting from unfair government subsidies allowing it to on the cut its business decision paves the way for bond body to sell its jets to american customers without high tariffs a cinema in moscow a stop showing a satirical film on joseph stalin after a police raid offices questioned staff and management of the theater after it defied a ban on the movie the death of stalin russia's culture ministry says the british made comedy mocks soviet era history communist party officials also criticize the cinema. but i don't think we need to introduce censorship but there should be some kind of personal censorship among journalists and people making films for example i would find it unacceptable to have a comedy film called death of christ this is my personal opinion i'm not an expert in culture but i'm extremely bothered by the name of the film a comedy film called death of stalin is only acceptable for me ivory stores across china of closed after a ban on the trade came into force it means that there'

u.s. international trade commission, i am taking reaction to im-- taking action to impose safeguard tariffs on imported residential washing machines and all solar products. my administration is committed to defending american companies, and they've been very badly hurt from harmful import surges that threaten the livelihood of their workers, of jobs actually all over this country, many different industries. today i'm also directing ambassador lighthizer to continue supporting industry discussions, to resolve duties on these and similar products in the united states and china. we support a resolution that is in the interest of american workers and also the american consumer. we're going to benefit our consumers, and we're going to create a lot of jobs. our action today helps to create jobs in america for americans. it will provide a strong incentive for lg and and samsung to follow through on their recent promises to build a major manufacturing plant for watching machine -- can washing machines right here in the united states. when we do this, a lot of manufacturers will be coming to the uni

u.s. trade commission ruled in its favor in a trade dispute though it argued that bond body was benefiting from unfair government subsidies allowing it to undercut its business decision paves the way for one body to sell its jets to american customers without high tariffs thousands of extra police and soldiers have been called in to secure the honduran president's inauguration the opposition's vibe that they'll be mass protests and his call for a general strike it says there were irregularities in the vote count out of in this presidential vote which saw one alonzo hernandez reelected since then more than thirty five people have been killed in violence with police so mark you think there are fifteen thousand five hundred national police officers that be working so that this inauguration is a peaceful one and that they'll be you know unfortunate incidents ivory stores across china of closed after a ban on the trade came into force it means that there's a lot less work for ivory carvers but some of them try to find new ways to use their expertise as robot bride reports from beijing leach enc

u.s. trade commission ruled in its favor in a dispute with boeing over trade practices the u.s. from had argued the body was benefiting from unfair government subsidies allowing it to undercut boeing's u.s. business that is paves the way for body to sell its jets to american customers without heavy tariffs and those are the headlines here on al-jazeera the news will continue in about half an hour after face to face then public. castro wanted she wanted a different future castro want to do is country che wanted international revolution for a long time those parallel objectives could sit alongside one another and drive each other forward but there came a point when obviously they no longer did that and at that point their relationship and their political project came to you and. i thought on the face. of ten already now where they are not overfilled well this is the whole i want us to have more blooded love but i'll simply. go by them i'll be out of they come yeah out of the. channel. capital truly. with hope to. there's a. new openness to look at it. but you know i'm with you to

u.s. trade commission agreed they had been unfairly undercut by foreign imports. >> our workers are going to have lots of really good jobs with products made in the good old usa. >> reporter: was the industry thrilled? not so much. trade groups opposed the tariff. >> i think there was relief when it wasn't as bad as people were thinking it would be. >> reporter: higher-priced panels may cause consumers to cool to the idea of going solar. on a $30,000 job, at about $600.>> if people are less apt to buy because of the panels, sure. >> reporter: ironically, as the tariff shakeout, those are the worst will be the small mom and pop solar installers. >> very few jobs, a small crew. that person will have a tough time competing. the industry is not particularly thrilled, but we are not particularly sad either. it won't kill the industry by any stretch. >> reporter: the tariff on washing the teachings -- on washing machines is even higher. whirlpool was pushing for that one. the last time a president used trade law to impose tariffs was back in 2001, when george w. bush did so to protect u.s. stee

u.s. trade commission has paved the way for the company to sell its jets to american customers without heavy tariffs the commission voted unanimously in favor of body means the company can begin selling its jets to us carry a delta airlines the boat's a blow to boeing which dog you that body was selling the c. series at less than fair value while benefiting from government subsidies still ahead and al-jazeera in sport and he's going to tell us about the snowboarder to be heading into the winter olympics. it's time for the sports here's andy thank you very much well alexi sanchez has made a winning start to his manchester united korea united beating force to yeovil town in the english f.a. cup sanchez's debut coming after his main from astro early on in the wake of shine striker didn't score based chain through its around five after four nailed when defending champion roger federer had an easier than expected passage into a record seventh australian open final the thirty six year old took the first set against south korea's one chilling six warning just over thirty minutes and it was to be no

u.s. trade commission ruled in its favor in a trade dispute boeing had argued that bombard the air was benefiting from unfair government subsidies allowing it to undercut its business the decision paves the way for body or to sell its jets to american customers without high tariffs ivery stores across china have closed after a ban on the trade came into force that means there's a lot less work for ivory carvers were solemn and trying to find new ways to use their expertise bribe reports from beijing. leach encourage one of china's master carvers using skills learned over a lifetime working with the material that he says has no equal ivory. is the best material to work with not too hard and the not too soft in spite of the ban he is determined to pass on his skills to his apprentices his workshop like others in china is now using mammoth task from russia. dug out of the ground from animals that died thousands of years ago early human ancestors first learned their carving skills with it. so now that you know. even thirteen thousand years ago humans were using the car it's one of their earliest mate

u.s. international trade commission said that wasn't the case symbol bar there shouldn't have to pay such high tariffs spanish government is formally expelling the venezuelan ambassador it's in response to spanish equivalent being expelled from caracas on thursday days after the european union and i'm new sanctions the venezuelan ambassador left the embassy in madrid at the start of the week and returned home. and more than a year after the demolition of the new tourist jungle camp there's been a sudden rise in the number of young asylum seekers arriving in the french port of cali the closest point on the european mainland to the u.k. it follows the leaders of france and britain signing a treaty last week and streamlining the process of dealing with the rivals sonja gago reports from cali the deal seems to have given people false hope of reaching the u.k. . playing for time in cali's industrial zone a place where asylum seekers have flocked to in the hope they may escape the limbo they face day in day out while they're here they are trapped many of them been here for months sleeping rough

trading partners. the decision comes after the independent u.s. international trade commissionrts of solar panels and washers had hurt american companies. tariffs will begin at 20% on large residential washing machines. >>> heads up, menlo park drivers. the popular shortcut used to dodge traffic is cut off. hundreds of drivers have used the willows neighborhood to avoid nearby construction and get to the bayshore freeway faster. kpix5's len ramirez breaks down the new traffic restrictions. ng signs. making the >> no right turn from 3:00 to 7:00. >> reporter: menlo park police were out in force writing tickets to drivers using side streets to cut onto willow road near the highway 101 interchange. >> there was a grace period, but now the signs are up to enforce it, no right turn. >> reporter: it is one of the south bay's traffic hotspots only made worse by a massive construction project to modernize the interchange of willow and highway 101. neighbors in the willows neighborhood say cars would cut through their narrow streets to shea off a few minutes from their commutes -- shave

u.s. international trade commission ruled against boeing saying come of the american aviation industry hasot been harmed by sales. the vote blocks a commerce department decision to impose duties of almost 300% on bombarding a sales in the united states. it has jumped the most in almost two years to its highest in three years. the man said to be saudi arabia's richest businessman has been freed from detention in riyadh with his companies urging the most since 2014. were -- wase prints held in a corruption crackdown. he described his detention is "a misunderstanding." expects control of the holdings are president trump has compiled more pressure on u.k. prime minister theresa may by saying he would have handled brexit differently. it will -- he would have been tougher on brussels. may was hoping for endorsement but he offered and onions -- unflattering assessment. conservatives have given may 3 months to raise her game. zach: would it be the -- president trump: what it be the way i would negotiate? no. i have a lot of respect for your prime minister to i think i would have negotiated it diff

u.s. international trade commission. as theyief for them start to see some resolution from that.w this is important to them on a relative basis. about 20% of the revenue comes from these appliances including washing machines. about 5.8 billion dollars in revenue for them. second place as refrigerators and freezers. it's a win for them and they get over half the revenue here in the u.s. sort of an important role to keep the market share. david whirlpool is benefiting. at whose cost? samsung and lg? >> yes. particularly some of the analysis said that lg will be hurt more. some of their operating profits and margins will be under pressure a little bit more than this. we have a chart showing lg's margins in particular. they get 30% of their revenue in the u.s. and their washing machines make up more than half of their operating profit. you can see how this could really impact of them. iny were looking to open up 2019 their first u.s. factory that would be based in tennessee. whether that helps to warm up relations i guess remains to be seen. shery: the president just signed that trad

u.s. commodity futures trading commission the c f t c which i know well appears ready to fine european lenders u.b.s. h.s.b.c. and deutsche bank millions of dollars each for so-called spoofing and manipulation in the u.s. futures market spoofing which became illegal as a result of the wall street reform and consumer protection act otherwise known as dodd frank became law back in two thousand and ten that's when if a trader makes a bid or an offer to sell a futures contract with the intent to cancel that better offer before another trader except bad actor traders do this to try and push or pull. prices in one direction or another the fines for u.b.s. and deutsche bank are expected to be upward of ten million dollars each while the fine for h.s.b.c. is expected to be somewhat less in august a u.s. appeals court upheld a three year conviction of former cheetah traitor michael kozak who was the first individual to be criminally prosecuted under the spoofing law. while the three day government shutdown ended last week in an exchange for a commitment to consider immigration related issues in the com

in economic news, boeing lost a big trade case against canadian rival, bombardier. the u.s. international trade commissiond claims that bombardier sold passenger jets to delta air lines at artificially low prices. that blocks the trump administration from imposing nearly 300% tariffs. and in france, they are fighting to get their hands on nutella spread-- literally. frenzied buyers pushed and shoved to grab the chocolate hazelnut paste, on thursday. a grocery chain had slashed the price 75% for a promotion. guess they really like it. still to come on the newshour: the investigation-- president trump tried to fire the special counsel. mark shields and david brooks analyze the week's news. history of violence-- a new book details israel's secret assassination program. and, much more. >> woodruff: now, the reports that president trump moved to fire special counsel robert mueller last summer, but ultimately decided against it. john yang fills us in. >> yang: in davos this morning, president trump dismissed the report with a favorite phrase. >> fake news, folks, fake news. typical "new york times" fake stories

u.s. commodity futures trading commission and the securities and exchange commission and forstmann directors have put out a potentially statement that says potential bad actors should be on notice regarding digital currency. yesterday we reported on digital currencies it would be a focus of financial regulators but today we have this joint statement and it says quote when market participants engage in fraud under the guise of offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and c f t c will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments it reminds me of that scene in meet the parents with robert de niro and ben stiller watching you. and now we go to miami where r t is nicholas o'donovan is at the north american bitcoin comforts nicholas what's going on there how is it for miami has become ground zero for the crypt to munity hundred

u.s. commodity futures trading commission and the securities and exchange commission and forstmann directors have put out a potentially statement that says potential bad actors should be on notice regarding digital currencies yesterday reported on digital currencies it would be a focus of financial regulators but today we have this joint statement and it says quote when market participants engage in fraud under the guise of offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and see if the city will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of. digital instrument reminds me of that scene in meet the parents with robert de niro and ben stiller. and now we go to miami where are two years nicholas o'donovan is at the north american bit coin confort nicolas what's going on there however miami has become ground zero for the crypto community hundreds of inve

u.s. trade commission has ruled in favor of bombardier by a vote of 4-0.nanimous decision that the proposed tariffs or i should say the sale of the c-series planes to u.s. airlines and delta is the main customer, they have ruled against boeing saying it would not, would not injure boeing and therefore, they're basically going against the proposed 292% proposed tariffs from the commerce department. remains to be seen what is the next step, but this is a big win for bombardier many people did not think they would win this many people thought boeing would get the win and we would see the tariffs go through on the c-series commercial airplane that is not the case bombardier wins umanmousily. 4-0 the vote >> big one there thank you very much. let's go now to michelle in davos. michelle >> hey, there, tyler you know, if president trump hadn't been in davos this week, you know what would have been the number one topic, cryptocurrencies and blockchain. they would have been front and center with everyone from steven mnuchin, christine lagarde, lloyd blankfein, all

u.s. commodity futures trading commission bart chilton bart nice to have you with us tonight all right what does the president say about the economy how far does he take that down the road tonight the credit chuck schumer today was saying wait a minute the obama years weren't bad what he was handed and the economy that was handed to donald trump was not in bad shape although the market has jumped up thirty plus percent where does the president go tonight well he's going to gloat about the market and how many times has been market increases a new records and that's a good thing and he has a lot to be proud of in that regard now global markets have gone up two so it's not just the u.s. market that we've seen go up but certainly the tax reform bill that was passed that's a big boon to the economy the democrats will argue whether or not who's it's really helping. but there's no denying that a tell ping businesses and we've seen even some of those businesses you've reported on the news at reed having bonuses for their workers so that's a good thing he'll talk about that but the real question for

u.s. international trade commission says that wasn't the case the body or shouldn't have have to pay such high tariffs the president of the democrats who proposed remake of congo says the country will go ahead with elections despite the threats of delays it was joseph could be his first press conference since twenty twelve they look to go into that doesn't really been covered that bush. is very clear. it's creating the sense that. you have the time you know. the legends to feel good. and as soon as those elections organize. and as soon as we have we know it is a bitch and. then. she is very. german chancellor angela merkel is calling for a quick end to the latest round of negotiations over forming a coalition government a party sets a deadline to form a grand coalition by next sunday if they fail marcos twelve your rule of europe's leading economy could be over dominant kate has more from berlin. so now we know that the christian democrats and the social democrats and the christian social union will spend over the course of the next few days between now and the fourth of february seven da

u.s. commodity futures trading commission sent subpoenas last week to virtual currency. a widely traded coin and claims it's pegged to the dollar. joining us now from los angeles to discuss is matthew lysing. what was the problem with this? matthew: the back story here is that tether is supposed to be paid to the u.s. dollar. for every tether that is created, and tether is a virtual currency, for every tether created, they are supposed to have received one dollar. they are supposed to hold that dollar in a bank account. that means that tether would be a stable coin and not really fear in price away from one dollar, unlike bitcoin that can go $20,000 and pound -- back to $12,000 in a span of the week. companyern is the tether will not confirm to people that they actually hold this money in reserve. vonnie: that is so hard to believe that situation could arise. what is the future for cryptocurrency exchanges now this investigation is underway? matthew: the link to the exchange, but the next, is that tether might have been printing tethers with no u.s. dollars backing them.

trade war going on with canada. the lumber dispute with u.s. and , and the international trade commissionfinalize tariffs on bombardier jets in canada, imported into the united states. boeing complains they get unfair government subsidies. department imposes these sanctions, they will go way up, and that will be tough for the canadians to take. it will be one more stumbling block in these negotiations. vonnie: michael mckee, you are there all day, you will bring us more coverage later on. let's take a quick look at where the canadian dollar is trading right now. the canadian dollar is trading at 123.19, stronger by another half percent. the mexican peso, the other currency we are watching, also stronger this week, 18.50 now. mark: coming up on the european close, less than 35 minutes away from the end of the friday session. stocks across europe are rising. i will leave you with the currency wall. it has been a bit about currency week, not just here, but across the globe. sterling up against the dollar. euro down against the pound. this is bloomberg. ♪ . mark: 11:00 a.m. in new york and 4:

u.s. manufacturers filed complaints with federal trade commissions saying they are being unfairly under cut by foreign importers. there's concern though that the tariff could push prices higher and cause consumers to back away from the idea of going solar. >> if people are less out to buy because of the panels, sure. it will be a negative impact on us and less demand. >>> in phase energy says the tariffs are not bad for industry, but they could hurt solar panel installers. there's a 50% tariff on imported washing machines. >>> verizon is joining -- they're giving 50 shares of stock to full-time employees around the world with the exception of senior executives. part-timers will get 2 sres each. verizon sck is trading at 25 -- the company says this is a direct result of the new tax laws. >>> verizon is not alone. disney announced it's handing out bonuses of $1,000 to its employees. 125,000 worker are expected to receive the one-time cash payment and the company will invest $50 million in an education funding program for its workers. disney said both initiatives were made possible by the tax

u.s. international trade commission found both imported products are substantial causes of serious issue toestic manufacturers. u.s. officials said more trade enforcement action will follow that's right there is a lot of news this morning. >> we do have news >> andrew's column >> it is some breaking news that just broke overnight elon musk is the subject of the column telling me he's agreed to stay on as ceo of tesla for the next decade. there was speculation that he would be stepping down he said once completion of the model 3 was up and running, that he might not stay at company at least as the ceo. but tesla announcing a radical new compensation plan. it could be the most radical compensation plan in history his compensation will be tied to the performance. the executive will receive no guaranteed compensation of any kind at all. he only gets equity that vests over time but only if he reaches the hurdle rates which are, dare i say, crazy right now the company is worth 59 billion they run at $50 billion increments >> you're just talking market capitalization not based on revenue or produc

u.s. international trade commission, whirlpool chairman is applauding the move but the founder of solar panelsshooting ourselves in a foot. is this a beginning of new round of tariffs coming out of the u.s.? >> you are seeing the president's america first agenda put to place here. he was vocal on the campaign trail about he's for free and open trade but that trade needs to be fair and reciprocal. what you see with the trade actions was that back in june the uscr opened an investigation basically looking at the washer situation, what lg and samsung were doing and they determined and brought a recommendation to the president that they, indeed, were caught in antidumping clauses, they were overmanufacturing mÉxico, they moved plants to china and then to vietnam and unfair to whirlpool. we immediately saw lg and samsung announce they are building new plants in america, new manufacturing plants in america and we welcome that and we also saw with whirlpool yesterday announcing 200 new jobs in ohio facility and we expect more investment from them to come. this president is pro-american and pro-americ

u.s. tariffs. the trade commission ruled against boeing, saying the american aviation industry had not been harmed - on bombardier sales in the u.s. beijing will close 1000 factories and markets by the end of the decade as part of plans to move what are called non-capital functions out of the city. billion onpend $2 shifting businesses and operations deemed nonessential away into the suburbs. global news, 24 hours a day, powered by more than 2700 analysts and journalists. this is bloomberg. david: thank you. let's have a look at the story from southeast asia. against morening monetary -- also, the banking sector specifically. we have a bloomberg survey indicating that the central bank in vietnam will be holding rates for the rest of this year. bloomberg's southeast asia editor joins us. what has prompted movies to raise these can's -- prompted moody's to raise these concerns about vietnam? >> moody's is raising the worries around the credit boom. we have seen credit growth rising 18% last year. munis -- what moody's and the world bank have raised is that credit is rising to rapidly in the economy.

u.s. tariffs, that international trade commission ruled against boeing. locks a commerce department decision to impose duties of -- bo 300% on a barnier mbardier sales in the u.s.. casino billionaire steve wynn quit as top republican money raiser amid accusing -- accusations of sexual harassment. paid more than $7 million to a manicurist room said he -- manicurist who said he pressured her for sex. will joine premier his counterparts from korea and japan in the first joint talks since 2015. the summit is an indication of warmer ties between the three countries and sets the stage for reciprocal visits by the chinese president and japanese prime minister appeared -- minister. relationships have recently been strained by territorial issues. coin check says it will reimburse any clients who lost money in last week's $4 million theft. it will repay all 260 customers hit by the theft of the dough coins.t -- of crypto operatee a license to as part of japan's new laws on cryptocurrency. new ceo for cba. he will lead the banks response to allegations of preaching t

u.s. traded european banks. this had to do with a legal case potentially brought by the justice department. a specific trader that was sued by the trading commissionor engaging in manipulation of futures markets. people familiar say these banks could be the targets of similar cases as well. they are all trading lower in the u.s. as we continue the discussion of the tax cut effect on companies, the conventional wisdom has been increases to earnings estimates for the year have to do a tax-cut benefits. what is curious is that the benefit in these increases in the estimates is larger for large-cap stocks, the s&p 500 them for the 2000. that imply something else could be going on. perhaps the weaker dollar having an effect. smaller tech companies are seen as getting a larger tax benefit. that is not what is reflected in these estimates. david: thank you so much, julie. we are waiting for the white house press briefing to start. it is supposed to start in a few moments. it has just passed that the fbi deputy director andrew mccabe has stepped down. we will bring you whatever news comes out of that. live from new york, this is bloomberg. ♪ ♪ shery: this

u.s. manufacturers filed complaints with the federal trade commission saying they are being unfairly underut by foreign import. it could push prices higher and cause consumers to back away from the idea of going solar. >> if people are less out to buy because of the panels, sure. it will be a negative impact on us. they'll be less demand. >> in phase energy says the tariffs are not necessarily bad for the industry, but they could hurt solar panel installers. president trump impose a 50% tariff on imported washing machines. >>> musk has signed a ten-year deal to stay on as the ceo of tesla, but he won't get paid -- the deal requires tesla to grow by 60 $0 million. tesla is worth $60 million. if it does reach that gross level, musk will be paid 1% of company stock. he owns a stake in tesla estimated at $13 billion. >>> musk other projects is hitting a road block. it's working its way through the legal system to build a massive tunnel system under los angeles. that tunnel would contain a high speed [indiscernible] system and include pods that could transport up to 15 people at a time. there w

u.s. at a price they believe is well below market levels. >> phil, even though this is the international trade commission, it's a u.s.gency. >> correct. >> and the commerce department had just said that it's a 300% tariff were going to apply to bombardier, just within the last couple of weeks, i thought. >> correct. >> how can one u.s. agency go one way, commerce is going the other way. you know, how does that shake out? >> well, you -- when these types of tariffs are proposed, at some point the trade commission weighs in in terms of is there injury to a particular business or an industry in the united states in this case, they're saying, look, we don't see that this is going to harm boeing what's interesting is, the trade commission, as they were investigating this, one of their investigators reached out to cnbc and said, what did boeing tell you about their backlog of orders when they reported their earnings a few weeks ago at that time boeing said, we have a record backlog. and so i'm sure that the trade commissioners looked at those statements as well as other evidence and said, look, we don't think that this is

u.s. president. facing challenges across the world and as you say will change again to defeat the challenges of the long term that working for the trade commission feature which will be placed on the tree. gunships of russian. really i think it's a most important if they can. are going to be king with tremendous inclusion and great we are usually great for both the films of john. we look forward to. this pretty much issues. it's unclear whether trumpets speaking generally or referring to a free trade pact between the u.k. and the u.s. much like their prime minister many in the u.k. believe that such a deal would be essential after leaving the e.u. but despite a friendly start with may trump's upcoming speech is likely to meet with resistance that's because many expect him to defend his america first policy and recent punitive tariffs he had imposed on some imported goods. and of course the dollars business team is in davos we're now going to bring in helena humphrey who has been covering the conference for us helena hi it's good to see you again while we saw donald trump arriving today and some were outraged by the simple fact that someone said

u.s. market below costs but they claim two subsidies from canadian and british governments. the trade commissions tasked with deciding whether bombardier could be or have been harmed by that deal. the 3% recommended by the trump administration will not be applied to bombardier's claims if you have any concerns about that, please feel free to e-mail the show, @streetsigns cnbc. ful you feel like it, don't m s hesitate to tweet me directly @willemmarx >>> saudi prince bin alwaleed now is freed >>> as we head to break, here's a quick look at what u.s. secretary steve mnuchin got up to behind the scenes in davos. managing to hit our colleague andrew sorkin on set with a well-aimed snowball. >> be nice >>> welcome back saudi prince alwaleed has been released he was reportedly freed after the attorney general approved a financial settlement prince alwaleed described his detention as a misunderstanding and said he supports the kingdom's reform efforts my colleague hadley gamble has more on the story. >> kingdom holdings up for a second day after the release of saudi prince alwaleed. essentially showing

u.s. manufacturers filed complaints with the federal trade commission saying they are unfairly undercut byts. there is concern though that the tariff could push prices higher and cause consumers to back away from the idea of going solar. >> if people are less apt to buy bye because of the panels, sure, there will be a negative impact and less demand. >> in phase energy out of petaluma say it is not necessarily bad for the industry but could help solar panel installers. >>> 7:45. let's help get you out the door. sal castaneda doing just that. we should also -- people that go to work now may be coming home to rain later today. >> that is a good point. people who are the -- you know, i wouldn't call it the super commuter, the experienced commuter, will factor that into the decision making. this is highway 4 bay point. traffic is moving well. a little bit of fog here coming over the willow pass grade to concord. as gasia mentioned, rain never a good thing for the commute. this afternoon, some of the same freeways will be rainy and slow. so factor that into your decision. this is a look at 80 w

u.s. trust officials for potentially anti-competitive conduct. the chipmaker says that the problem i the federal trade commission is a material to its business.comne of the -- make a hostile bid to buy rival qualcomm. bitcoin continues to tumble, this time below $10,000, previous loss to 50% from a .ecord set over a month ago embrace more trauma to the digital coin market has lost more than 300 alien dollars in value in just days. comes after a dizzying rally that pushed the corn higher than -- bitcoin more than -- percent. so, but this in the context for us. what is happening? market is down 50% from all-time highs, and another way to bring this is it is up over a thousand percent from last year. when we talk about a correction here, we look at the all-time highs that was set six weeks ago, so there hasn't been a correction yet. emily: you to take a look at the chart which shows the perspective on bitcoins lights. slides.in where do you think this is going? are we going back to earth, or is this reality? about whaty to think is going on in the market today, it makes sense in the context that there was speculative activity in the launch of th

u.s. antitrust officials for potentially anti-competitive contact. the chipmaker says that the problem i the federal trade commissionmaterial to its business. the company made a hostile bid to buy rubble -- rival qualcomm. bitcoin continues to tumble, this time below $10,000, lost almost 50% from a record set over a month ago. it brings more trauma to the digital coin market has lost more than 300 alien dollars in value in just days. it also comes after a dizzying rally that pushed bitcoin higher by 1400% last year. put this into context for us. what is happening? >> there's a couple different ways to frame this. one is what you said come that the market's down from all-time highs, and the other way to frame this is it is up 1000% over the past year. all we have done is gone back to the all-time highs that we set only six weeks ago, so it has not been much of a correction yet, at least not in comparison to some historical corrections. shows the chart perspective on bitcoin slides. where do you think this is going? are we coming back to earth? is this reality? >> if we try to think about what is going on in the marke

trade council. he served as a member of the u.s. china economic and security review commission and he spent 20 years on capitol hill. most of that time working with senator john heinz and later with senator rockefeller. .hat we heard last night this was the speech the new york times described as remarkably devoid of new policies. that sounds a little harsh but when i went back and looked i discovered it was a full hour and to the speech before he proposed a plan that he wanted the congress to take up. this was the infrastructure plan. i thought what we would do just assert off, i would like each of how do you think it will be -- ourby our alleys allies around the world? mainly focus on the foreign policy side. i think our allies will be surprised by that too. bidsf them short on policy . -- it was interesting to me on what he decided to focus on. we can talk more about that later. it was interesting to me on what he decided to focus on the human i know that our allies or watching every word. some news about u.s. ambassador to south korea so i'm not sure --they came away feeling