henrikh mkhitaryan meanwhile, ends an underwhelming speu meanwhile, ends an underwhelming spell at old don't they? here is a good news story for you from social media. you might remember the boston celtics's horden hayward suffered a gruesome broken leg during theirfirst hayward suffered a gruesome broken leg during their first match of the nba season against the cleveland cavaliers. he is now back on his feet and certainly has not lost his touch. his wife said this video, as he continued to just drill 3—pointer after three pointer. we won't make it back —— he won't make it back this season but his game is ready for a big comeback when he does. beautiful, nothing but net. you can get all the latest sports news on our website. that was your sport briefing the tuesday. the american singer neil diamond has announced his retirement from touring, after he was diagnosed with parkinson's disease. the musician, who's 76, said he'd made the decision with great reluctance, and apologised to fans who'd already bought tickets for his 50th anniversary tour. neil diamond said he'd continue writing a

what was most underwhelming is the operating performance. margins are falling.his is a selection of low to negative interest rates in switzerland and the eurozone. obviously there are compliance costs. i think that was one of the main reasons for the stock drop. the share buyback and the announcement of this was probably surprising earlier than anticipated by most people. it was a relatively small buyback like what ubs could be able to do. that was the main reason for the dropped today. >> they have updated that strategy, let's call it an upgrade. takeaway here? >> i think that the profitability targets couldn't belabor it as an upgrade. ar lowering some of the targets. is themple asset-management business. they previously had a target of one billion in pretax profit over the cycle. i would say that the targets we were seen by some people as not very ambitious. i don't think we see a big shift in strategy. they stick to wealth management. i think the combination underpins their strategy. we want to do wealth management and we want to be the biggest wealth manage

. >> dana: i talked to encourage men who read it and said it's underwhelming. >> greg: everything infe is underwhelming except for president trump. >> dana: if the president asked, will you release the underlying fisa application -- >> juan: he's not going to do that. >> dana: everybody will learn everything. >> juan: i think we see a lot of conspiracy theories on the right. >> greg: none on the left either... >> kimberly: okay... ♪ pudding... ...pudding... ♪ [sigh] did grandpa win again? what do you think? yes! download the new words with friends 2 today. you've probably seen me running all over the country in search of our big idaho potato truck. but not any more. i am done with that. ooh, ooh hot - just gonna stay home on the farm, eat a beautiful idaho potato, and watch tv with my dog... tv anncr: the big idaho potato truck pulled into town today and it's really a sight to see. oh man...let's go.... (distant) you comin', boy? sfx: (dog) gulp! woof. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my bo

underwhelming december jobs report. chatterley.m scarlet fu. >> we want to welcome you for coverage every day from 4:00 to let's begin. >> with market minutes. >> over 200 points on the dow, pretty impressive. ofwe are looking at advances .7% on the dow and nasdaq. let's get you a couple of things that were noteworthy. fortrading overweight morgan stanley. the purchase changes the narrative for cbs. we had mentioned it as our stock of the area. revenue bank reporting -- securities unit 22% in the final quarter. there's even greater pressure from shareholders to rebound from a year earlier. secondwn almost 10%, the downgrade in his many days. -- the downgrade from citigroup is now at a cell. let's take a look at the government bond market, not a lot of action. two year unchanged, 10-year up a little bit, not surprising to see a little bit of selloff at the long end. we had a job report at 8:30. we take a quick look at the intraday two year. the first headline was a mess. it's like a little bit of a buy on the short end, but the mark

one was left a little bit underwhelmed so it sounds like you're saying he's talking to voters at home specifically republican voters heading into midterm elections in the states and not necessarily the global leaders at davos but let's say that you're a world leader you're sitting in that room you're watching trump speech what's your take what do you go home thinking. well i'm as you know smart as i was before we don't know anything more there was as i said there's no strategic with the vision that trump was on message yes but please explain to me when was america not open for business i mean this is i don't know what he's trying to say but given the fact that developing economies china india stronger europe all taking the global economic to do new growth this is not just an american game and davos is the right place to reflect what new challenges do lie ahead for us. so in that you know. in that image me being head of state and thinking ok what's next. probably moving on without the u.s. right now eventually china trump made some thinly veiled stabs at china today for our viewers who

. >> i have to say that my one experience with the task force they continue to underwhelm me by what they do. yes, sir. >> my name is douglas whepp, and i would like to thank the commission and its staff. i think they're doing a wonderful job especially compared to the old regime. i'm making a prediction that this is going to turn out to be another #metoo movement. when the public is convinced that there is enough momentum that their complaints will be seriously considered and correct correctly handled, there's plenty of people sitting right now, watching the tv, waiting to be convinced, and all of a sudden, those complaints will come one, two, three, because most of them know who the obstructionists are. some of them will be exposed, and ultimately, the ethics commission up in the sky is going to be issuing more penalties. and maybe, if we're really lucky, if we're really lucky, there'll be some death sentences handing out to some deserving people. >> as an opponent of capital punishment, i don't like you to keep saying that. any further public comment? all right. we'll move, then,

dropping tesco and m&s after underwhelming christmas sales.ndrea.us with more, was it a super thursday or is that a misnomer? most of thee updates were disappointing. mark: we were sitting here last week -- we were talking about next. you are damping the enthusiasm. maybe we were right to be enthusiastic about the grocers. earlier today, they stood out. >> tesco was expected to be the clear christmas leader. they had a disappointing christmas. we got an indication this might be the case with market share data coming out showing tesco had been outperformed -- that wasn't expected. mark: tesco one might have assumed would do better. what about m&s? where did it not stand out? where did it disappoint? >> surprised the reaction to m&s was so extreme. what has spooked people is the food business. weakening over the last few quarters. they said we did well in the indulgence products. ,here we did and do so good those lower-priced products. shoppers simply went elsewhere. the valley wasn't there to encourage consumers to shop there. didn't didn't do

the automaker has reported another underwhelming profit. ceo says he is not satisfied and that the results reinforce the need to take more costs out of the system. hewlett-packard enterprise ceo meg whitman is getting a new job. she will be the chief executive of the new mobile media business formed by jeffrey katzenberg. she is stepping down at hp next month. that is your bloomberg business flash. that to you in davos. francine: thank you so much. the world is waiting for the german government, the spd has been given a green light to begin coalition talks. the trump administration has been particularly vocal and demand that germany spend more on defense. we are glad to be joined by the german defense minister. thank you for joining bloomberg tv right now. what do you respond to president trump asking for more defense spending from germany? >> actually, in the summit in wales, we decided on the goal to .ave defense spending at 2% this is a goal that the obama administration already offered support. so he was right because europe has to carr

evening. ( laughter ) like everything with donald trump, this awards ceremony was overhyped and underwhelming pumped this ag as a big even, but in the end the president just tweeted "and the fake news winners are, dot-dot-dot..." with a link. and when you clicked the link, it took you to the g.o.p. website which said, "404 error. presidency not found." yes. ( laughter ) i'm not making that up. that's the actual website. that's so embarrassing. i wonder who set it up? >> i have so many websites, i have them all over the place. i hire people, they do a website, it cost me $3. ( laughter ) >> stephen: you were overcharged. ( piano riff ) so, the g.o.p. page it was on crashed, presumably due to high traffic volume. makes sense. gop.com was only built to receive email from reince priebus' mom -- who i assume is named floreince sheibus. ( laughter ) that joke doesn't mean anything. i just really like the mockup. "fox & friends" steve doocy described the website crash this way -- >> from fake news to break news because it broke the internet when the fake news awards were released. >> stephen: no, he

the company expects sales of its newest title, ufc 3, to make up for the underwhelming response to thestar wars" game. >>> in other corporate news, the nevada gaming control board has opened an investigation into steve wynn, this follows a bombshell "wall street journal" report that accused wynn of decades of sexual misconduct wynn has denied all allegations calling them preposterous. wynn operates a major hotel and casino on the strip. shares of wynn this morning are up slightly, but had a sharp fall over the last couple of days >>> several economic releases on today's wall street agenda the latest adp employment report, followed by the quarterly employment cost index at 8:30. at 9:45, january chicago pmi, december pending home sales at 10:00. the fed wraps up its two-day policy meeting this afternoon with a statement planned for 2:00 p.m boeing and eli lilly report before the open. at&ts,facebook, mondelez and call c qualcomm are after the bell. >>> as we head to break, another check of futures pointing higher. back in a few moments. >>> tonight, i'm asking congress to pass legislati

friday's jobs print slightly underwhelmed on some marks since then we have seen the dollar strengthene as well. that's an encouraging reaction is it a sign of things to come >> i think we're looking for growth to continue this year since the financial recession ended, growth has been stuck around the low 2s. last year probably 2.3, ticking up a bit with this tax package coming through now, late cycle fiscal stimulus. we bumped up the forecast to about 2.8% >> a lot of positive economic data or indicators out there inflation consistently undershoots 2%, that critical target put in place. does that change for 2018? >> i don't think it changes fundamentally. the real interesting point now apropos of the fed's deliberations, what is the speed limit for this economy we get a bit of fiscal stimulus now, we have accommodative monetary policy. will that lead to inflation picking up, which is the normal economic rulebook, if you'd like moving up from 1.5, 1.6, up closer to 2% or does it just lead to a stronger labor market? maybe the participation rate that's been depressed now for a number of

. >>> the british chambers of commerce says the country's economy looks set for an underwhelming 2018 the bcc reports that the uk economy grew modestly at the end of last year but companies continue to grapple with cost pressures and were reluctant to invest more over uncertainty over brexit. >> it's been a couple of days since we last talked about mifid ii trading caps have been unexpectedly delayed in dark pools. they were forced to postpone restrictions after insufficient data discussing which stocks could be covered they should be ready to go in march. this is just a couple of the delays we've seen. >> what's interesting about that, people have said those equity caps were not a great idea, and here we see it being difficult to enforce >> because of lack of the right data >>> shares in boeing cruised higher after the company i announced a record number aircraft deliveries for 2017 and airbus is close to a deal with china. we'll look at this battle in the skies between boeing and airbus when we come back after this break. tune in tomorrow when we'll discuss this year's outlook for t

has been mixed, but overall footfall has been low and it appears the holiday season spending was underwhelmingose are the numbers out of the uk we have a picture of sterling/dollar up there you can see brushing off the data and continues its stride up to 1.40. >>> let's look at other markets and see what the picture is like there. you can see, again, the major theme has been the weakness of u.s. dollar. that doesn't seem to be getting a break as we head into u.s. golf shutdown that's impacting all of those currency pairs sterling we talked about a bit dollar/yen has broken through 1.11, down 0.5% on the day that yen strengthening is not impacting the nikkei at all. the nikkei did end the session up 0.2% in yesterday's trading let's switch to european markets. and as we said earlier, it is a -- it was a strong start for the euro stocks, and you can see germany is leading the charge here, up almost 1% now up 0.9%. cac cac is upis up a half perce point. ftse has been dragged down by some weaker earnings we talked about. but now seems to be brushing off that news and pushed higher by the rebound i

so, underwhelming inflation data. what about this brookings institution commentary this week the 2%ybe you bend target and bring an alternative number into play? >> there are two things to that. clearly, it will be a recognition of the fact that despite all the efforts and the monetary easing, the value monetary banks put in place to fight disinflation -- they failed. if they were to lower the target or consider other measures, that would be a recognition that something dramatic must have happened with the inflation around the world. not only within the u.s. i am not sure i want to be the fed governor who has got to explain this, not only to his but fellow, colleagues. if the fed were to consider that, other central banks would have to follow, if only because their currencies could appreciate uncomfortably. from that point, it will be a very controversial change. at the moment, given the fomc, i don't think change is likely anytime soon. mark: valentin marinov stays with us. coming up, all things brexit. scrapping the

. >> it's underwhelming. seems like the kind of thing you would be much more outraged about. it was clearly -- look, i think there are times when people may cry racism, as republicans like to say, over things that aren't necessarily racist. this is not one of those times. you talk about these countries which were african countries, haiti, el salvador and african countries generally and contrasted that by wanting to have people coming from norway, which is obviously overwhelmingly white. >> he reportedly said why can't we have more people from norway? >> right. you look at the entire context, it's hard to see it any other way. what's the difference between those two countries? black and brown people, white people. >> april, why are they silent? we're at a point here, an opportunity for them to take a stand. and yet silence. >> silent because it's all about the numbers. it's a numbers game in 2018. this does not help the party. they're going to try to lessen the blow by slapping the hand. at least ryan, not mcconnell. slapping the hand but not too far. >> mcconnell isn't even d

it is the underwhelming response, the willingness to go along with this or the assumption on the part of republicans in fact this is the way republicans think. look. americans are fundamentally decent people. most republicans are fundamentally decent people. the problem with donald trump is that not only does he appeal to the worst instincts, that he actually continues to move that window of what is acceptable and you think about from the republican point of view this was the week that donald trump was supposed to convince everybody that he was the stable genius. right? >> right. >> ends the week restricting immigration of shithole countries and paying off porn stars and only the middle of jn. >> no kidding. let's ask you this, jason. jim re nancy of ohio, i think an accountant by trade, i sometimes have trouble getting him to stick to the truth on this show and now running for senate in ohio. and he had this to say about the president. >> i've said all along the president many times says what people are thinking. i learned as a business people to be careful. judge the president after

>> underwhelming, frankly. disagree with him that assad is bad and the world would be better off with him out of power. what wasn't clear to me is what is the united states prepared to do to achieve that objective? this really is the problem with u.s. policy under obama and under trump. we do not match the resources required to achieve the objectives. if our objectives are to get rid of assad and have a unified syria that all syrians can live in peacefully, then it's going to require a lot more than what trump or tillerson have -- >> dana: how much more? >> well, look. they said we're going to keep 2,000 troops there, right? in eastern syria. to basically keep al qaeda from coming back to support the geneva process, to preserve safe areas. >> dana: push back on iran. >> 2,000 troops? is that what's gonna do it? that's gonna get rid of assad? that's gonna create free and transparent elections? you need a lot more. especially when you keep in mind that iran has maybe 40,000, 50,000 troops. it's spending over $1 b

locally of course it might be a little underwhelming to you but the snow has coated the ground and causinge got some of those delays and cancellations which is a good call especially in southern maryland where they're under a winter storm warning. blizzard warnings up and down the coast including ocean city maryland where our cori coffin s it's a winter weather advisory in place for a couple inches of snow and a potentially hazardous roads along 95. snow south to north overnight. heaviest is along the coast but we've got decent bands setting up over us, too. i want to zoom in on places like ocean city up through the delaware beaches where they're getting just an onslaught of just snow but what you can't see wind gusting to 45 miles an hour right now in ocmd. locally we've got light snow filling in and some pockets of moderate snow as well. in fact we just had a decent amount move across northwest d.c. up by baltimore they're seeing steady snow showers and the higher amounts locally will set up east of 95. here's what it looks like. still on track for a trace to 2-inches for our western sub

i think it is quite underwhelming, really. i don't think many people disagree with her.ges of abuse spreading, and terrorist content. she has said there is a few times before, and to repeat this message that she has said if you times is a bit disappointing on this stage. where is her plan to actually do this? do you think they have come up do this? do you think they have come up with more specific measures or proposals that are not to do with clamping down on certain forms of activity, and urging global companies, they are not companies which are in the jurisdiction of the uk very often, to do more? i think it is obvious that more needs to be done. i think you get some difficult issues when you come to extremist content. issues when you come to extremist co nte nt. at issues when you come to extremist content. at what point does it move from a view that we might be uncomfortable with disarming that should be banned or criminal? that isa should be banned or criminal? that is a question for war lawmakers and not facebook. they should be doing more and being held accountabl

yesterday was underwhelming, particularly because not many people changed positions, there were problems to move some people. if you look at this, the morejunior some people. if you look at this, the more junior ministerial some people. if you look at this, the morejunior ministerial ranks which are not household names but they are the next generation, if the conservatives were to stay in power, they might get to the cabinet. if you see what has happened, there has been a change, six are men and eight are women and five are from black and ethnic minority backgrounds. there does seem to be a difference, whether it changes policy is a different matter but all parties in this place want to encourage a more diverse membership of the house of commons so maybe this will go some way to encouraging others to stand for parliament. theresa may believes she has the right team around terror to co nfro nt she has the right team around terror to confront the challenges that britain faces and she has just released a statement saying that this reshuffle helps us to do just that, by bringing fresh talent

at the moment, it is underwhelming, it is a reshuffle in search of a headline, in search of a narrativessert some sort of narrative. there are two that have been floating around for the past few weeks. one was the prime minister asserting her authority and government in the new year, and the other was about changing the face of the cabinet and the government generally, to make it more diverse. as far as the former is concerned, there are real challenges there. it is being reported that a couple people have refused to move. in that regard, a key moment at the moment, what does justin greening, another of those described in the sunday times, as somebody apparently goes to the prime minister, as deadwood. though she refused to move from education? the other dynamic about rejuvenating the party and bringing in more younger people, women, people from diverse backgrounds, they might have done that a bit through the mechanics of the conservative party machine, but it is not going to be reflected in the cabinet, we can be pretty sure of that. what you are both saying, and katy, this seems to be

done a whole lot and tried to do a whole lot so far but there are a lot of people who are really underwhelmedby hell that gets manifested in the code and as a user what can you do aside from just walking all over these >> we are living in a normal society and if you are someone picking up someone in a harsh way is if my freedom to deal with this one person and make them run away but don't do that. it is my speech right and becomes a piggybacking off of question. it relies heavily on the moderation of the volunteers especially in my case so what do you see as the current place and possibly future potential of the human moderation and commercial volunteer within these online social spaces? >> i fall back where they use some automated policing and i think it has to be. when we talk about this it isn't just the monopoly part or human scale and there is a book. they managed to grow. it's how they will respond. it is vital. >> i think it goes back to the question as well to is determining how the norms are expressed for algorithms or automated platforms. that is a pretty hard question. it will not

give us a glimpse of what could be in store, the numbers were underwhelming in u.s.de shares, ended majorly higher. european trade, they fell the most since july, down more than 3%. exactlylk about what went wrong here. raymond has the charts that we need to know. >> thank you very much. when ubs c.e.o. spoke to bloomberg, he really, as you would expect, emphasized the positives. getting clarity. two, on taking down legal costs. buybacks. more on buybacks in a little bit. first, the negatives definitely cons. to 3.3%.wn by as much as but because there were all these misses for this swiss bank, right here we're taking a look at the investment banking income here. earnings missing estimates by 63%. look at this little purple bar here. that.n almost hardly see 49 million swiss francs was what pulled in. now, relative to the quarter year, down by about 85%. i'll repeat that again. 85%. that wasn't the only miss. the wealth division missed by 14% on the order of $100 million. management also missed. people saying it's unambitious in terms of the targets, because lowered.e

>> i'm not super surprised we think the 8 and 8 plus have been weak, underwhelming some people are goingl and looking at other eco systems. the 10 was the bright spot i don't think it hits this quarter but the bloom is tarnished on the rose here i don't think apple has had a great month but i think fundamentally people want their stuff. they command a high price. they're sitting on a ton of cash they're not bad for the next couple of quarters, certainly not this one, but there are some storm clouds on the horizon for sure. >> boris, max saying google and the pixel may be taking a little bit of apple's cell phone business what do you think of this report i don't want to say in trouble, that's dumb, but do you think apple's iphone x sales are slowing? >> i think it's in trouble they're basically betting on the fact that high, expensive products can be sold at this point. it's clearly becoming evidence that everybody else has caught up to them and some have surpassed them the home pod will be as big a failure as the 10. the functionality of those products is just nowhere near as great as it

they have had that emphasis on wealth management, but the key to the quarter is that it is underwhelming. investors were looking for something to get excited about. even though they announced the share buyback, it is smaller than what u.s. banks are doing. investors are not as excited they were hoping to be. they were going into the results hoping for new targets, new aggressive targets, and the market feels they weren't as ambitious as they were hoping. they downgraded expectations, and that's why you're seeing week is in the stock. david: many thanks to michael mckee and caroline gage. coming up, more on the shutdown and help markets are viewing it. life from new york, this is bloomberg. ♪ >> a huge deal today, the company was spun off by biogen last year and is looking for new products to offset its best-selling diabetes drug. luxury retailing is looking more to the internet. richemont to buy ynap. aig will buy validus holdings. that is your bloomberg business flash. david: thank you. federal agencies are closed as the government shutdown extends into a third day. chuck schumer spent

i got a sense you were underwhelmed an hourago, so i i got a sense you were underwhelmed an hour ago,nearly half a metre across, so this was the river in the highlands of scotland, the river borora. ever seen anything like that? no. are you sure those are real? yes, i've seen them elsewhere in scotland. the air is so cold we can get that stuff happening. actually, to the south of there, we have had some beautiful snow scenes there. these are the mountains of scotland. there is snow there at the moment. there are a number of pistes openin moment. there are a number of pistes open in the scottish ski resorts. in argyle and bute, look at this beautiful weather—watcher picture. you can see the scottish mountains with the snow in the background there. at the moment, the best of there. at the moment, the best of the sunshine has been in the north today. further south, a lot of low cloud and cold winds. that has been just edging a little further north and will continue to nibble away at the sunshine. this evening, the cloud gets in across parts of northern england, northern ireland and gets

whole lot and tried to do a whole lot so far, but i think there are a lot of people who are really underwhelmedby how that gets manifest in the code and how as a user who is being harassed, like what can you do aside from blocking all of these-- >> and the scaling idea that it should be automated. if you were living in a society and picking on someone in a harsh way we would say don't do that. you'd say it's my freedom to yell at one person and make them feel uncomfortable so they would run away. we'd say don't do that. that's the fundamental-- when you're sort of ab tract, it's my speech right. i think it's dangerous. i mean, i totally hear your point point-- >> hi, i'm a humanities graduate student at mit and six year moderator. and piggy back on that question. you talk a lot about gaovernance and believe that the regulatory behaviors should be algorithmic controlled. but they rely on human moderation human or volunteer such as in my case. what do you see as the current place and possibly foouture potential, human or-- in these spaces. i naturally fall back to wikipedia, they do some human po

but they say look the latest -- earnings report is underwhelming to turn this ship around is a very,y task and they say so far it is all very confusing having said that, ibm heading into the cloud, they're get intog the area so business block chain those areas that have tremendous are growth potential however. >> a cloud and the cloud computing division was bad. but cloud is what everybody is betting on and it has a lot of competition in the clouds and the cloud sales were disappointing also a narrow beat it wasn't such a great beat so they actually generated revenue for first tile in 23 quarter withs shall we celebrate that? no i think we immediate more evidence that there's growth. j you're all totally wrong i predict that ibm will close today higher. okay, neck out. you want to stay on this show? >> sicking neck out. now dow is up 30 points. thank you very much everybody i got that one right. ibm at 165 we're hour away from what looks like a fairly likely goth shut cohn, maria, we do shut down is there any money impact at all? >> i think to the extent that market is looking for ex