u.s. steel in terms of their comparative advantage was integration into global value chains, and arguably superior firm-specific capital and technology and more advanced innovative production techniques. they wanted to bring back u.s. steel, plus u.s. steel being inside the u.s., they are protected from tariffs. remember in the reagan years when reagan started putting up all those barriers for imported automobiles, and then what happened was japanese automakers jumped over the tariffs and started making cars in the u.s. they see the u.s. getting more protectionist, so they want to invest in the united states and protect themselves, not be harmed by those tariffs. so it has the potential to be a win-win for the japanese steelmaker that because he could keep u.s. steel going. host: could you elaborate? guest: u.s. steel has been struggling on and off for decades now. the steel industry in general in the u.s. has been asking for protection from import competition also for decades. sometimes it works, sometimes it doesn't. eventually, global economic rallies catch up and they come back asking for more production. it's in president bush's administration, that happened. and then a lot of anti-dumb thing continues before and after that.

u.s. u.s. markets are closed in honor of mlk day. the world economic forum be gives in davos. earnings from netflix. christine lagarde in davos. thursday, donald trump remarks from davos, virtually. earnings from verizon. a rate decision. we are looking at 30 year mortgages over the last six months. rates remain elevated at 7% despite rate cuts. we will keep an eye on that. from new york, that does it for us. same time, same place next week. ♪ >> welcome to bloomberg markets. i'm sonali basak. the u.seme court has upheld a law that bans tiktok. updates continuing to come out of washington around the story. we will bring you the latest. first, check on markets. s&p 500 is hitting a session high just a moment ago, firmly above that 6000 level. the last day of trading before president-elect trump begins his next term. it

u.s. to benefit. scarlet: the latest cftc data on fx shows a huge net long position in the u.s. dollar. to what extent does that reflect the dollar strength versus drive the dollar strength? kit: reflects the dollar strength, a decade of u.s. exceptionalism, strong u.s. growth, less regulation and a bunch of ways. you should not discount how good the last decade has been for the u.s. dollar. but we have now is a long position, even bigger position in terms of that foreign positions into the united states. the biggest savers, the germans, japanese, norwegians, sweden's, they have been buying u.s. equities, u.s. everything for the last few years, because they are doing better than any investment they could make it home. scarlet: that is that u.s. exceptionalism you are talking about. that and monetary divergence is reflected in the dollar. still, we know that markets tend to overshoot. how much stronger can the u.s. dollar get from here? kit: my first job in 1985, i asked the head of the bundesbank , how high can the dollar get under that run up under president reagan? he said i do not have a clue. we intervene every day and it goes up every day. i learned not to try to be too clever on this. i think we are nearer to the to

u.s. jolts data that comes out as we build out a pitch and by the end of this week more clarity in terms of the labor market of the u.s. with nonfarm payrolls friday. and trade tensions between beijing and washington are ramping up after the u.s. blacklisted tencent and ca tl for alleged links to the chinese military. it's a move with implications that could be broad. this is bloomberg. ♪ >> welcome back. shares in tencent and ca tl are plunging this morning after the u.s. blacklisted them for alleged links to the chinese military in a surprise move just weeks before donald trump takes office in the u.s. during let's bring in rebecca wilkins for the details, the implications. bring us up to speed on the latest black list some prominent names on this list. we mentioned a couple of them but also the shipping firm costco and a major energy giant backed by the chinese state. what are the details? >> this news has been dominating asian trading floors and a lot of this has taken people by surprise. some investors bemused by the inclusion of the likes of tencent, which is generally considered a consumer facing tech name, as well as the car making battery maker. it's important to note that the list, this pentagon list of companies wi

u.s.? u.s. is a mature market but would you ever consider expanding into the u.s. at some point? vid: i think it is possible. to be very frank, if you asked me six months ago i would've said probably not. suddenly, things changed from a regulatory environment and there is a since it might be good to deregulate these different banking regulations. from the outside it felt unfriendly for fintechs and new entrants, now it feels friendly. there is the opportunity for the u.s. to bring competition. there are a lot of banks in the u.s., you look at the prime segment, or the hispanic population in the u.s., there is a lot of lack of access to financial services and high interest rates, so we will consider it. joumanna: there are reports that you are thinking of moving your domicile to britain. you seem to be going against the grain. most businesses seem to be wanting to leave the u.k. as a domicile. david: we have not formally announced anything. what we are preparing is for the next 10 years of growth, growth next 10 years will be about solidifying what we have built in latin america, a

u.s. owned and u.s. operated, continuing to protect and serve u.s. dealmakers and the steel union. that is what the president wanted and that is how he made this decision. again, as i was answering that question, i said -- we let this process play out. he made sure that the process was fair and that is exactly what we did. he has made a determination and they said this acquisition would create risk for our's -- our national security and he took that seriously. he took a careful look, a careful look at the evaluation, so he decided to block it. >> certainly, trump has communicated on social media inaccurate information related to the war in iran. are they at all concerned about the flow of information and briefing and access to whatever intelligence for what you might need in terms of the transaction? are you comfortable with the information flow? >> i mean, look. i am actually going to ask this question because one of the things you all do as journalists , as a journalist body, as you can fact check and say what was stated by the president-elect was simply false and i think that is

u.s. steel and you go on continuing as an independent and u.s. steel is an independent. what do you want to see from u.s >> they need to reduce overcapacity. there's no reason toover-produc. japan produced 80 million tons of steel in a country that consumes less than 50. japan invented over-capacity. china put over-capacity on steroids. china replicates what japan has been doing since the '80s so japan is the origin of all of our problems in this country as far as steel so i'm glad that we're able to expose japan as a perpetrator of over-capacity to the world, someone that's not welcome in our marketplace. we can compete against anyone as long as the playing field is level. maria: you've been a student of this business for a long time. knowing what you know today, are steel prices going lower or higher? >> higher. maria: we'll be watching this. >> president trump is coming. maria: okay. we'll be watching this fight and certainly the growth of your company. lourenco, thanks so much for being here this morning. >> thanks, maria. maria: okay, lourenco goncalves joining us. we'll be right back. (luke) homes

u.s. side. i think investors will struggle to find the pockets with high growth and u.s. delivers, especially the u.sch, deliver high growth. i think u.s. stocks are in for a better year than especially europe. >> take us through the thoughts for european stocks. if investors were, perhaps, trying to be less exposed to the volatility that we could see stateside with the arrival of donald trump in the white house, perhaps there is other global spaces they could be invested. think about what the outlook is for european equities. guide us through why do you think this could actually be another european growth for equities? >> first of all, we have a muted growth situation for europe. we have zero growth or close to zero, at east, if you look at pmis, not much indicated it is about to be better in the near future. we have growth and probably earnings at a standstill or somewhere in the ballpark region moving into 2025. we have a lot of issues on the politics in europe. we have german and we have a political issues in francis well. we have the war in ukraine that politicians need to address. they don't kn

u.s., including by claiming a silent care the proclamation invokes article four of the u.s. constitution, which obliges the federal government to protect states from foreign invasion. it comes as the u.s to send 1000 troops to the mexican border, after president trump declared the u.s. to be under invasion by illegal immigrants. the troop movement, confirmed by an administration official, follows on another executive order signed monday. no details have been given about the planned deployment. here is our correspondent with more from the border. will: there are some things we know and others we don't about this troop deployment to the u.s. other border. first, the ones we do know. we expect that it will be around 1000 troops being deployed. we expect sometime in the coming days, to the border, to comply with donald trump's executive actions on border security and immigration. back has been confirmed by u.s. officials. what we don't know is exactly where along this very long and porous border that those troops could be sent. on the one hand, it could be two areas where there are ports of entry. they could be sent to support customs and border protection officials in their work of deali

u.s. attorney, u.s. attorney ismail ramsey, just a short time ago. he says that this is one of the most serious cases that his office has had to deal with. now, this all stems over those that text messaging scandal within the antioch police department involving a numerous antioch police officers behavior. that behavior was taking place in antioch for years. now, the u.s. attorney says his office wants to make sure that that behavior never happens again. so under this agreement, the antioch police department will hire an outside law enforcement expert, a consultant, to review and update policies, procedures and training. and that consultant is going to be hired within the next 90 days. the department will also be required to hire a community engagement liaison, and they will also be required to investigate every single complaint that comes in regarding possible officer misconduct. and those complaints all have to go straight to the chief of police within 72 hours. theyant to make sure that nothing is missed. yeah, and this police department has just been beleaguered now for years with different things that have been going on. but i know you talked to the antioch city council member, and you also talked to the attorney who represents some of the people that those racist text messages were about. what did they have to say? oh, well, first of all, the co

u.s. to what extent is the u.s. market a priority for you and the travelperk team? is it further acquisitions because you have been quite acquistive. jean-christophe: we acquired a u.scompany earlier in 2020 four. now we acquire this formidable platform out of switzerland. the u.s. is a key priority for us. the u.s. is the largest business travel market in the world. when you work in business travel it is important to help the traveler wherever they might be in the world. most of the capital, most of the investment will be deployed in our presence in the u.s. market. tom: does that mean a u.s. ipo is something you are considering? jean-christophe: we see that quite differently. for us ipo are another funding event. they are another financing event. we have these almost funny way of thinking about travelperk on a long-term horizon, on a 100-year horizon, so the ipo might or might not be a step in our journey. tom: jean-christophe tauney-bucalo, president and coo of travelperk, on that $200 million raise. and the impacts of deepseek more broadly on the tech sector. we appreciate your time speaking exclusively after that raise. later in the show, fears around china's a

u.s. and government networks. anything further i would have to refer you to the u.s. treasury department, fbi, would lead to specifics on this incident. the president has been briefed and we are closely tracking. >> any information? >> i would have to refer each of the treasury department on that the fbi is investigating. >> he will sign the social security fairness act in the upcoming days, once we have that information we will share it wih you on that particular day. >> understanding. >> i can say to the president is going to sign it. i cannot speak to the specifics of what he just laid out. i know the presence looking for to signing them. >> u.s. steel has warned it may or likely have to close if the deal fellal through. to what degree did the president take that into consideration? >> i can say this we are confident the president is confident domestic steel in domestic steelworkers are going to continue to thrive because of the work he has done because of the commitment he has had to this industry. like i said at the top, this is the strongest. the steel industry is the strongest it has been in years because of what the president has been able to do. you think about manufacturing investment you think about tariffs on chinese steel imports that is made the industry stronger put both accidents asked since the president say can you see want her new steel and iron mills have opened since the president tookat office. we are very confident this is an industry that is going to continue.go >> at the art mills that are closed this with the president need to take some responsibility? >> that is ae hypothetical pait not going to eat in

u.s. and china -- u.s. and china, or do we focus on u.s. china coordination on challenges and third countries? nd i don't think we landed on one. i think we need to continue to probe where there's more opportunity. but it was certainly a theme of our conversations. and i mentioned on that note that -- we did do some conversations and workshop looking at international institutions aside on how track twos can be made more effective in the new environment. and one of the observations we heard on each side is that sometimes these track twos are more productive when focused on multilateral issues opposed to bilateral issues which are simply too contentious and a third party is brought into the conversation so i think triking alating thinking about conversations bilateral relations in a broader context, might be a common, common thread here. i want to open up to our audience i'll call on the men first -- [laughter] >> but i see we have a question back here. >> my name is roger, and i'm an editorial contributor on technology policy for the hill newspaper. recently posted in op-ed entitled is it time f

u.s. steel should and will stay u.s. owned. joining me now is cleveland cliffs ceo. lorenz zoe lobbyists are trying to turn trump in favor of nippon's purchase of u.sou want to buy u.s. steel u.s. company. what do americans need to understand need to understand about that given the fact that your bid comes in a little lower than apparently nippon would offer here? >> laura, a great pleasure being with you. my offer is the only one that's acceptable for the united states because nippon steel was blocked on national security grounds. nippon steel did not present a plan that could work and clearly nippon steel would never create a operation in which put workers in america first. we are the only ones that implement the plan of president trump and that is coming. we can't wait another five, six days to have this thing going. >> laura: lourneco your remarks are attention to shift away from the legal monopolistic conspiracies that you are engaged in. all in the faith of declining performance at your company suing you for, i guess, you know the equivalent of tortuous interference of negotiations, a legal and coordinated action. so they are pushing, pushing

u.s. navy memorial. the caisson detachment as part of the u.s. army's third u.s. infantry regiment. you heard ed mention the lead horse, remington, not to leave out the full eight horses that will be there as well as five soldiers. the other horses are bullet, rocket, burns, scout, regal, guenther. we will see this beautiful tradition. look how gorgeous that caisson and the midshipmen from the u.s. navy memorial that are flanking that as they will pay tribute. i think we should talk about now his service in the u.s. navy. seven years, and my right, from my memory that he served in the u.s. navy after graduating from the naval academy? >> it's important to remember that in 1943, we are in the middle of world war ii. there training jimmy carter for the postwar navy which is nuclear weapons. the manhattan project wasn't known about. there was no hiroshima and nagasaki. but he became part of the class that was ostracized by a lot of people at the naval academy and in the big navy because it was a small s.w.a.t. group that was going to go on submarines. carter got into that program. it ta

u.s. workers. u.s. workers are entering this

we have a plan not only to share geopolitical space with the u.s. u.s..know some people disagree and have idea that china interest primarily commercial. i don't think so. so i know i'm not responding directly to your question, but i will say the question of american foreign policy have to be asked alongside the question of what are the alternatives. also recognizing china's influence. going back to latin america, if you go to bolivia or ecuador to see what china is doing there. if you see the way china is working with political parties to erode american influence in the hemisphere. if you see the way they're working with their own companies to erode the capacity of american companies to operate, this is an equation of infrastructure. i think the chinese actions towards china could be a think the most important response in terms of foreign policy. >> any more questions? one in the back. >> hello. i'm very interested in the topic yesterday. one might majors is political jargon in college and long time ago. are there any lessons to be learned from argentina,

u.s. steel company was a better for u.s. -- bidder for u.s. steel. have the resources that nippon has. reporter: thank you very much to both. >> you are welcome. >> thank you. ♪ anchor: alcohol is the third leading preventable cause of cancer in the u.s. followed tobacco use and obesity. it causes 20,000 deaths each year. alcoholic beverages have a -- should have a warning about those risks. welcome back. >> thank you so much. good to be with you again. anchor: there were some things that stood out to me from your findings. only 45% of american adults are aware that consuming alcohol increases the risk of developing cancer. how did those numbers strike you? why is awareness so low? >> it was very striking for me when i saw this. it became very clear to me that we have to tell people what the data is telling us. there is a link between alcohol consumption and cancer risk. we put out this advisory: not only for more public education but a change to the alcohol warning label. there are warnings about drinking while pregnant and driving and operating hea

u.s. sseal the border. he threatened a 25% tariff on mexico if they don't cooperate and repeated that the today, what happened to monroe doctrine? that was codified over 200 years ago. but u.s. will not permit european interference in llatin america, you toss in the panama canal, you should add u.s. cannot tolerate chinese interfere reason and mr. trump tossed to greenland. the same core principle alies with russia and china, for building a strong hold for air force or naval power, president trump threatened canada with 25 percent tariff, if they don't cooperate on our northern border. now, trump's trolling of justin trudeau about canada the 51 state, knee capped left wing prime minister out of the ballpark into retirement. and speaking of tariffs, a "washington post" article this trump was pulling back on his universal tariff plans were, as mr. trump put it fake news, hat tip to economic larry lindsey for pointing out u.s. imports unrun about 5 trillion a year, a 10% broad base ridge around collar tariff would produce roughly 500 billion a year and that would more than cover mr. trump's tax cuts and then some. now tariffs ar are not inflationary, only excess money is, the european union has valued the taxes which are tariffs, those tariffs run around 20%. the world has lived wi

u.s. to get a big portion of that. commissioner sola, what about a new u.s. southern command, u.s. government conversation with the canal authorities and the government about the security level we seek? mr. sola: thank you very much. the airborne weighing i am wearing his decorative. i've not worn a uniform and 35 years. this is my personal experience. i believe the security of the canal has always been understood to be provided by the united states. panama models not have a military and i believe there is been a close relationship with southern command that we would provide that and it would be nice to see if we had a formalization of that in one way or another because i do not believe it is in the treaty at all. sen. cantwell: so formalization of a cybersecurity agreement. you have accidents and then you have larger cybersecurity issues you have to be on top of. what i did not like about anybody that has a backdoor is i am for the united states advocating to not buy from people who have a government backdoor. what will you do? at some point you will regret that. commissioner maffe

u.s. capitol. over the next hour, the longest lived of the u.s. presidents will be taken up the steps of the u.s. the rotunda, where he will lie in state until the funeral service on thursday at the national cathedral. the family is traveling with the casket. it left the carter center in georgia this afternoon. the bad weather means we are slightly behind the published schedule. a motorcade is heading for the u.s. navy memorial in downtown d.c., where the coffin will be transferred to a horse-drawn wagon. it will travel down pennsylvania avenue to the u.s. capitol, escorted by the military pallbearers. we are expecting a short service this evening at the rotunda, which president biden and the first lady will not attend. it will be senior members of congress, the family, and the vice president who will deliver the eulogy. the body will lie in state for two days for public viewing. with me tonight, the former u.s. ambassador and longtime middle east envoy, the u.s. presidential historian laura smith, and joining us from capitol hill, political correspondent and north america correspondent gary o'do

u.s. steel? >> first of all, it doesn't effect the appetite of the united states overall. it is kind of a regret that president biden didn't approve the conditions of the nippon steel-u.s. steel. it is good for the u.seel industry. >> what happened here? you believe this was political? >> definitely so. there is still a chance the new president, president trump might say yes because it's good for u.s. competitiveness. so, nippon steel should not abandon the aspirations to be in the united states with u.s. steel. >> are you making efforts to lobby donald lobby president trump to push or secure a deal? >> we are like countries. between japan and the u.s., we have to work together in terms of the economic security. i think this deal should be allowed for the sake of the furthering the relation of the economic security between u.s. and japan. >> you mentioned it wouldn't impact japanese investment into the u.s. moving forward though. what about the other way around? >> well, i think for example, we at suntory want to invest more and only the japan investment is toward the u.s. and to ease the tensions with the u.s. and japan. we had the fifth largest surplus of trade. we need to increase more to the uni

u.s. are people living in the u.s., u.s. tizens that have been radicalized and are members of isis . >> general honori, this is a community that has too often been called upon to exercise resilience, to show the rest of the country what resilience looks like in attack on new year's day, was not how anyone wanted to begin this year. what does that mean for community leaders or local elected officials? how do the community begin to reckon with what has happened? >> i think what the federal government and state and local government have to go back and take a look at in new orleans, the last time i checked there were several hundred police officers short. we need to fund that. we need to put more officers in there. the government has put the police there prominently but the city need more police officers to do the day to day crowd finding plus the capacity to prepare for events like this. you know first reports are normally wrong, as general powell used to say, or incomplete. as the days and hours go on we'll find out more inform

u.s.. he warned that the u.s. should protect its critical international supply chains. he did critically back up u.s. needs to protect -- needs to ensure that the u.s. dollar remains the world's reserve currency. tom: we also have the bloomberg scoop around the boj thinking ahead of its decision next week. seeming to edge closer to another hike. >> we say leanne have two days of strong gains. now it is strongest in over a month. the bloomberg scoop on the bank of japan says that this good chance of a january hike would come if the markets are called heading into the bank of japan decision. the bank of japan's decision is next friday, five days after donald trump takes office. as long as we have call markets during the week next week, the bank of japan hike does seem likely. tom: thank you very much indeed. looking through the market context on the back of that inflation data. valerie tytel, thank you. turning to earnings news. tsmc's profit in the december quarter topped estimates with a 57% rise. the earnings call has just kicked off. annabelle droulers is tracking all of this for us. another strong

u.s. coast guard, the u.s. army, the u.s. air force, fbi, customs and border patrol, park police, dod, washington, medical response, and the department of labor, all those have been amazing partners and one of the reasons why this investigation continues to progress the way we wanted to. we did family briefings last night. today there are over 100 family members that are now in the area receiving briefings. as part of a legislative requirement, receiving family assistance. they've been briefed by the medical examiner, the fire chief, the ntsb chairman and myself along with the family assisted unit -- assistive unit from psa here. in regards to ntsb staff, all staff are on the scene have been requested and i want to point out one specific staff member, because we are doing a joint ntsb and dod investigation, the ntsb has a black hog certified pilot on our personal staff based out of alaska. once we realize the dynamics and intricacies of a blackhawk, we have the member on scene now providing direct technical assistance to ntsb

look at the track record of many of the recent bombings that have happened in the u.s., are people living in the u.s., u.sns that have been radicalized and are members of isis. >> general honore , this is a community that has too often been called upon to exercise resilience, to show the rest of the country what resilience looks like. an attack on new year's day was not how anyone wanted to begin this year. what does that mean for community leaders, for local elected officials? how does the community begin to reckon with what happened? >> well i think what the federal government and state and local government have to go back and take a look at in new orleans, the last time i checked there were several hundred police officers short. we need to fund that. we need to put more officers in there. the government has put state police troop there permanently but the city need more police officers to do the day to day crime-fighting plus to be able to have the capacity to prepare for events like this. you know first reports are normally wrong, as general powell used to say, or incomplete. as the days and hours go

u.s. competitiveness for the reindustrialization of u.s. manufacturing, for data center and u.s. ess in the world. we're going to need a lot more electricity. if we need a lot more electricity we need the supply chain in the u.s. to serve that market and these investments are going to enable us to serve the country. >> reporter: and something the administration talked about, president trump's vision of a golden era for the united states, and with that comes the power generation and this seems to play right into that. >> no question. you can't have economic growth without power to support that economic growth. it's hard to have stability in the world if people don't have power. the reality is, we can use the power generation equipment not just for jobs in the u.s. but also for exporting outside the u.s. and many countries that need this power for both the stability of their communities and for economic growth that happens there and that gives u.s. companies even more opportunities to partner not just in the u.s. but sell their products outside the u.s. >> reporter: there was someon

u.s. steel right? >> it goes to foreign investment in the u.s., probably top three or four issues addressed by the u.s.e effort to ban tiktok going on. that is a huge issue. u.s. steel is right up there with that. the number three u.s. steel producer, top 30 in the world, being taken over by one of the top five still companies or in attempt to take over, big issue. a big issue for unions, labor jobs for president who lost an election. but facing the same problems with incoming president donald trump. jonathan: and to take care of some of this for us. do you think it blurred the lines between politics and national security? is that problematic? >> the challenge is it has been a political debate as well. the national security concerns always weighed in. in this case, the committee decided not to make a recommendation one way or another, leaving it to the president to make the call. we have known about it from a political perspective for a long time. the decision has been laid out a national security terms because it is the third-largest u.s. steelmaker. the question is, can they find a you a substitute f

u.s. government will have to buy compute for u.s. government purposes. 175 billion dollars out there to, invest they need to make sure the economics work from a return model. if the u.s. can basically do a backstop by at least committing to buying that compute, it unlocks that capital to come into this country to invest into these data centers. that's how you can really get an interesting potential avenue for interesting public-private approach. government will have to do it anyhow. if you make those commitments you bring them the capital in globally to then expedite the buildout of the data centers that we need. those data centers, in turn, become infrastructure as destiny, effectively our ai arsenal democracy as we go forward to ensure that we beat china. >> and i want to stress, where america has fallen behind in competition with china, is because we haven't had a serious, whole of government strategies. we are completely fragmented. one agency is doing one thing another is doing another. the term administration is to break -- i know the term moonshot is overused, that for lack of a better term, we need a moonshot and chips. we need a moonshot in ai, and that star

u.s. company is u.s. operated, continuing to protect u.s. dealmakers and steel unions and that's what the president led with and how he made the decision. it's not again, as i was answering that question, an independent body, we let this process play out and make sure it plays out and that is what we did so he's made a determination and they said the acquisition would create risk for national security and critical supply chain and the president took that seriously and took a careful look at evaluation so he decided to block the steel. >> president trump communicated on social media and accurate information related new orleans. his the president concerned about the flow of information access toing and whatever intelligence or he might need in terms of the transition? is he comfortable with the information on matters like this? >> i'm glad you asked because one of the things you all do as journalists, you are able to ask checked and say what was stated by president-elect was the polls and that is important, why we respect the hard work all you

u.s. perspective i have been recommending that u.s. investors overweight the u.s. economy. by the way, for global investors, i have been saying the same thing, you want to overweight the united states. we certainly have plenty of our own problems, partisanship and so on, but we are carrying on reasonably well. the economy had performed externally well over the past three years in the face of the tightening of monetary policy. there is a certain resilience in our economy. and our economy continues to do well despite our politicians. i'm not sure other countries are as fortunate that their economies can prosper. lizzy: that was the president of yardeni research speaking to bloomberg's haslinda amin. uncertainty is the watchword hanging over things in 2025. certainly for the euro. we are on the watch for euro-dollar parity. we have got questions about trump tariffs on europe. whether we will have another energy crisis. and all that political uncertainty in france and germany, as we were unpacking with oliver crook. the last time we saw euro-dollar parity was after rus

u.s. edward lawrence is at the white house. so, edward, where would that money go? >> reporter: yeah, it would into the u.s. via trade. companies are already starting to pour big money into the u.ss you heard, the crown prince of saudi arabia wants to throw big money towards trade with the u.s. prince mohamed bin salman wants to the invest $6000 billion in trade -- 60 billion, over the next four years. president donald trump talked about fixing the the relationship with countries in the middle east. on monday he said he could make the trip to saudi arabia as his first international visit as he did the first time around. >> so first foreign trip typically has been with u.k., but we did it, i did it with saudi arabia last time because they agreed to buy $450 billion worth of our product. i said, i'll do it, but you have to buy american product, can and they agreed to do that. they bought $450 billion. it was the least reported story i've ever been involved in. >> reporter: now $600 billion. the president believes saudi arabia could be entered9 into the abraham accord and normalize relations with israel for the first time. so add that the announcement of 500 bill -- billion over fo

u.s. -- find the u.s. companies and make sure we have the tax structure in place and other incentives to make high-end chips in the u.spseek, we don't know if someone violated our export controls to china or not. caroline: i'm looking at nvidia down, 17%. massive wipeout of market capitalization about $600 billion. to that point, did perhaps china circumvent some limitations on nvidia's exports? is that something you are thinking through rather than this was innovation because they could not get their hands on the latest and greatest. >> it would not be the first time china stole technology from the u.s. or other countries and then with their labor market and with their other production advantages got ahead of the curve on us. so i think that is certainly one of the issues we have to look at is whether they did violate export controls or not, but more importantly what do we do in this country. the cat is out of the bag paid what do we do in this country to make sure and western europe frankly to make sure that we stay ahead on the ai rates -- i -- ai race. caroline: 500 billion dollars unveiled by potential oracle ope

u.s. capitol riots are released from prison after being parted by president trump. the coalition from u.s. states and up with legal action blocking trump's plans to end u.s. hip. and cuts to farm aid and ordering the u.s. to withdraw from the world health organization. ♪ hello and welcome to world news america. i am caitriona perry. on the in president donald trump's first full day, a day after being sworn in for a second term as president, following on inauguration ceremony. on monday, he delivered on his promise to immediately sign a blitz of executive orders, among them granting clemency more than 1500 people convicted or charged over the 20 u.s. capitol riot. the former proud boys leader who was jailed for 22 years for conspiracy was released from prison soon after president trump signed the order. president trump commuted the sentence of more than 14 other people. convictions will remain on record. among those is the oath keepers founder who had been serving an 18-year sentence. join me now is our correspondent, emma. can you bring us up-to-date on what has happened there? emma: we've seen people being released from prison here and in other states acr

u.s. generals do a great job describing the moments that matter to them. several u.s. ambassadors to afghanistan and u.s. generals that were prominent in afghanistan talk about these two letters. p and m. p's political and m is military. there seems to be a disconnect. it's not clear when the designation came in. but it was important. one example that they gave on pakistan was the lack of border presence, the lack of border patrol and, a lack of understanding that a border force was essential to keep this insurgents out. many generals expressed to me they went to d.c. at different times and presented on problems with pakistan and weren't listening. i found in those moments is very important and telling. chair chaudhary: we have a couple minutes left. i will give you your time. >> i have a conversation for dr. albion and the ambassador. we talked about complexity. i think this is different segments of policy. all the factions. it's like solving a rubik's cube. somebody walks in and goes i solved the green part. but they are totally oblivious to red, orange, the other sections. one of the comments that st

u.s. we also produce in the u.s., so, in many aspects, we are as much a u.s. mpany as we are a danish company. but the headquarter -- the corporate headquarter is based in denmark for the foreseeable future. francine: you think of denmark, and really, now, you think of novo, because of the size of revenues, which is, i think, bigger than gdp. is that uncomfortable? lars: i think maybe the perspective should be corrected a bit, because there is this comparison about our market cap with the danish gdp. and we all know that gdp is an economic flow matrix for the flow on a yearly basis, and the market cap is the total value of the company. i'm sure if we compare the market cap of novo nordisk with the market cap of everything that's in denmark, we would be tiny. but, of course, there's also the point that, with our expansions, our more than 30,000 employees in denmark, huge capex investment, we are fueling the gdp growth. and, and you know, we take that quite seriously. so, the jobs we create i don't think will disappear again. and, now we talk about expanding in t

u.s., specifically for that. it kinda feeds on its self. i don't necessarily think it is a negative. i think there is a big hurdle to investing outside of the u.s. i will say u.sd those risk profiles within u.s. equity markets. it doesn't go back out, it moves around within the u.s. markets. lisa: if you are the executive of a small-cap and would like to write hate mail, feel free to write in. i do wonder what the relationship is with u.s. rates. we've been asking all morning this question of our rates cheap or are stocks expensive? that tension was at play at the end of december, it feels like. how much do you expect that to be the main driver of the dynamic going into this year? stuart: i think it's important. the question is which part of the yield do you focus on? are you more worried that tends go to 5% or that tends have a three handle on them? you can argue the three handle is worse news because the three handle means your growth data has disappointed. you are not getting back down to three unless the unemployment rate starts to rise. i can paint a positive story, you have trump growth in polls and that pushes the tenure up to 5%. you could argue that l

he is from the u.s. u.s.e don't know anything about these other potential coconspirator surveillance video showing three or four people putting ieds down in the french quarter. republicans have long been making a lot of the noise about the border and the potential national security risks that might have come across. what are your thoughts tonight as you watch this investigation develop? >> yeah. well, thanks for having me on. look, i think over the last four years we have taken our eye off the ball and the ball being how do you prevent these type of terrorist incidents in the united states. so, when we look at new orleans, you know, we are still trying to determine whether this was a lone individual or part of more of a network style of attack. and, if it is the latter, then where are the other suspects. right? and is the event in las vegas tied to new orleans we don't know yet. the public deserves to know. this that's the more concerning part of this is what are the future attacks, potential attacks to occur

u.s. competitiveness, u.s. jobs, using energy not just for the u.s., but for u.s. that that's exactly what we're going to do. >> and you know what,? you know what america has a lot of? natural gas. and when you talk about energy independence, it's music to the ears of a certain president right now in his administration. and, by the way, just to give you a sense of the scale, i said i looked like an ant earlier, and that's how i feel. it's enormous. stuart: ashley, good stuff. we'll be back to you. the white house says trump's tariffs on canada and mexico are still set to take effect on saturday, this weekend. watch this. >> the president has made it very clear, again, that he expects every nation if around this world to cooperate with the repatriation of their citizens, and the president has also put out specific statements in terms of canada and mexico when it comes to what he expects in terms of border security. we have seen a historic level of cooperation from mexico but, again, as far as i'm still tracking and that was last night talking to the president direct

u.s. steel should and will stay u.s. toned. joining me ceo lorenzo console is. thank for joining us. you are getting a huge push back and i know the lobbying dollars are flowing into washington to try to turn trump in favor of t nippon's purchase of u.seel that you want to buy u.s. steel as a u.s. company.d what do americans need to understand about this given the fact that your bed comes in a little lower and apparently nippon would offer here? >> laura, it is a great pleasur' to be with you. my offer is the only one for the united states because nippon steel was blocked on national security grounds. nippon steel could not present n plan that would work and clearly nippon steel would never agree to a situation in whicht orchestrate america first. we are thean only ones to implement the plan of president trump and that is coming another five or six days to have this thing going. >> laura: well, lourenco u.s. steel told "the angle" your marks attempt to shift away from the legal monopolistic conspiraciesin that you are engaged in. aren't the face of declining performance year company and u.s. steel and nippon steel are suing you for i guess thete equivalent of contortions interference with negotiations and legal and coordinated action

u.s. companies, but also for the price, the energy price should go lower. that should drive also again the optimism from the domestic players in the u.s. and i.e. growth, u.sowth. that would push u.s. growth over 2.5% in 2025. >> i would also like to just briefly get your thoughts on what we have seen in the bond market. do you think that this is likely to be one of the most important market stories in 2025? the pressure coming from bond vigilantes on equities? >> no, we think that if we look at the yield, we are close to the highest here. we just reduced a bit our duration on the u.s. bonds. so, we think that the worst could be behind us, but we still -- we still be close to the level of 4.50% for example for the ten-year. we could start to see to be more constructive on the bond market. >> interesting times ahead, also, when you think about the bond market. ultimately, what do you think of the narration and trump 2.0 for global global? what do you think are the ramifications for global equities? >> i think it will not prove it was a testing area for mr. trump eight years ago. i think he is more prepared and he will be less aggressive than everybody belie

u.s. daily u.s. troops in afghanistan. u.s. troops who died in afghanistan. 2,000. -- 2,465. not over 2,000. 2,465.rope since world war ii. i asked you to help defend ukraine. you didn't hesitate. kept ukraine in the fight. trained ukrainian soldiers and pilots, troops, bolstered them, and showed the world, america stands up for freedom. stands with our friends. america stands strong with our allies. we never bend down. we bend down to no one. certainly not putin. now, three years later, putin has failed to take kyiv, failed to make large territorial gains, and failed to break -- as a matter of fact, when i spoke on the phone, he said he wanted us to be the finland of europe. i pointed out you not only get the finland of europe you'll get the finland-ization. you'll see europe joining nato. finland joining nato. sweden joining nato. and america's watch -- on america's watch, dictators do not get to do whatever the hell they want. following hamas' triple-october, i asked you, excuse my -- my mother would be upset. i asked you to deploy to the middle east. again, you stepped up. pulling long nights a

u.s. daily u.s. troops in afghanistan, u.s. troops have died in afghanistan, 2,465.largest war in europe since world war ii, i asked you to help defend ukraine. you didn't hesitate, you kept ukraine in the fight, trained ukrainian soldiers and pilots, bolstering nato's flank and above all, you showed the world america stands up for freedom, stands with our friend, america stands strong with our allies.. we never bend down, we bend down to no one, certainly not putin. and now nearly 3 years later, putin has failed to take kyiv, fail today make large territorial gain and i talked to him on the phone, he wanted us to be the finland of europe. i pointed out to him at the time for real that you are not only going to get the finland of europe, but the finalization, not of europe, you are going to see europe joining nato. finland joining nato, sweden joining nato and america's watch dictators do not get to do whatever the hell they want and following hamas terrorist attack, i asked you, excuse my back by the way, my mother would be very upset. i asked you to deploy to the m