tom: here is viviana hurtado. he will probably declare a national emergency regarding the southern border if that is what it takes to get a wall built. he told foxnews the law is on his side when it comes to using emergency powers. legal experts disputing this. the present speaking after going to taxes. oil is headed for its longest streak on gains on record. the price of brent crude is up for a 10th day straight and cutbacks are holding down supply. the fed has indicated it will be patient about raising interest rates, soothing anxiety about growth in the u.s., the biggest oil consumer. the cofounder of xiaomi is shrugging off a share slump that office marketon value. it is expecting the advent of next generation wireless to boost sales. he spoke in an interview. >> 5g is coming soon. is demand for smartphones declining but i believe when 5g comes, we should expect to see a peek and demand for smartphones. continues on to say xiaomi will expand in europe but his passing on the u.s. market global news 24 hours a d

we turn to viviana hurtado with first word news.nching broad restructuring of european operations in an attempt to make the business profitable again. thousands of jobs will be cut in the automaker will rule out shutting down factories. with as struggled shrinking market in the u k, its biggest european market. the trump administration pushing china to deliver on its promises after three days of trade talks. the u.s. noted china agreed to buy more i do and manufactured products. beijing calling the talks extensive and detailed, and say they lay a foundation for the resolution of conflict. president trump going to the border today. he will meet with border patrol agents and take part in a roundtable discussion. yesterday the president storming out of a meeting on the government shutdown with congressional leaders. house speaker nancy pelosi and senate leader -- senate minority leader chuck schumer say they will not discuss funding for border security until the government reopens. global news 24 hours a day, on air and on tictoc, powe

i'm viviana hurtado.esla news, down 5.6%. the road ahead is difficult, we saw yesterday. now, foxconn this morning. are two. i think there tesla has had its problems. .ou look at foxconn this goes back to the first big story of the iphones in china. that is more to do with demand of these phones is. tom: what we are about is good conversation. we have got a terrific team with us. morris reid with us and john anthony gardner joins us, a former ambassador. he speaks the six languages i wish i could. he joins us. what is the secret to learning five languages? anthony: having an italian mother helps in marrying a spaniard helps. francine: it always helps. tom: we can stop the show right now. morris reid, save me. we are here. 4.0.e having globalization has there been a shift in the concept of globalization in politics and economics? anthony: there has been. there has been a move of being ande are looking challenging the precepts of an open world trade sitting -- world trading system. that is on the agenda. th

now for the "first word news" with viviana hurtado. has obtained the defense department's annual assessment of cyber threats. pentagon'ssays the cyber testing is handicapped by a lack of understanding. recruiting and retaining qualified people, both big issues. president trump's recent spat with south korea is putting a new strain on the two countrie'' seven decade alliance. the dispute is playing out as president trump prepares for his second summit with north korean leader kim jong-il and. more problems for nissan in the wake of the arrest of former chairman carlos ghosn. the exchange can -- the security and exchange -- the federal trade commission is investigating executive pay in the u.s. they also want to know if nissan maintained agricultural to prevent improper payments. the company says it is cooperating. in venezuela, both sides of the crisis are trying to win over the military, become -- the country's ultimate powerbrokers. industry --ering amnesty against corruption or abuse allegations to any military member who defects. pr

viviana: -- here is viviana hurtado. rbyn is proposing a plan that would open the door to a second referendum on leaving the e.u., calling for a series of votes in parliament on how the u.k. could avoid an economically damaging no deal brexit. one of those is a new vote. theresa may is seeking concessions to rescue her deal. the fate of the huawei cfo being detained in canada may not be decided in trade talks between the u.s. and china. canada's ambassador to the u.s. says washington still wants to extradite meng wanzhou. she was arrested over allegations of bank fraud and violating sanctions over iran. 10% of u.s. airport security screeners were out sunday in the midst of the longest federal government shutdown in history. that is three times the rate of a year ago. the transportation security administration workers must come to work but they are not getting paid. one of the world's highest paid players will pay almost 22 million dollars to settle spanish tax fraud charges. suspendeda two-year sentence, accused of using

we are joined now from the -- the view on our kado -- vivianarotondo viviana hurtado joins us from laguardiaviana: this morning, for about an hour and 22 minutes, not just here in laguardia, but also new work and philadelphia international, basically what happened was a shortage of air traffic controllers basically caused this disruption to the flights. didn't justairports result in disruptions to their airports, but around the globe. all of this links to shortages at air traffic controller links. in the d.c.located area and florida. the u.s. transportation security administration reporting 7.5% of all of their staff calling out sick. that is double what is normal this time of year. minutes hour and 22 causing a disruption throughout the whole system here in the country and the globe. this being linked directly to the partial federal government shutdown in day 35. , this, this standoff impasse between president trump and the democrats for his funding of the border wall that he is demanding. also just wanted to mention to prepare the tsa does for flight disruptions, but it tends to be for som

i'm viviana hurtado. this is "bloomberg." tom: thank you. now jeff currie, goldman sachs. much more, on the dynamics of commodities itself. does goldman sachs have any knowledge or understanding that you can inform our audience on on the transfer of gold out of venezuela? do you have any update? jeff: the remaining reserves are and their ability to access any international reserves is curtailed. that is one of the key issues, ,o cut off the current regime whether through gold reserves or through oil. these financial tools, and dilute back to john taylor and allude back to i john taylor and his work. are there processes in place to defeat mr. maduro? they tried towhat do last night. in terms of what we have seen , these sanctions that have been imposed on whether, it is north korea, russia, and even venezuela happen crippling. the key issue -- have been crippling. the key issue with these sanctions last night is they did not use a blanket secondary sanctions like they used with russia which means will both china and india continue to take the

viviana: president trump -- viviana hurtado. gressional leaders to the white house. on twitter, he suggests he wants to make a deal and end the stalemate over the partial government shutdown. income in utah republican senator mitt romney has blasted president trump. the former president candidate using an opinion editor in the "washington post" calling the president's shortfalls "glaring ," saying his actions have caused dismay around the world. says hef paul wheatland was in moscow to attend a wedding. he is the director of global security at fort warner. captain with a nationalist message has been sworn in as the president of brazil. tackleromising to rampant corruption and economic malaise. he says brazil has begun to free itself from socialism. they are waiting to see if his proposals can actually be implemented. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am viviana hurtado. this is bloomberg. anna, tom? anna: viviana, thank you very mu

here is viviana hurtado. viviana: -- two in the partial government shutdown.te on republican and democratic proposals. the republican plan would give the president the $5.7 billion he wants for a border wall. the democratic plan would reopen the government without funding for a border wall. neither bill is expected to get the votes needed to pass. -- to allege she was assaulted in the era of the metoo movem ent. she says she was raped in college by someone she knew and that her ex-husband physically abused her. nezuela now has does copresidents dueling for control of the country. presidentmed himself and he has the backing of the u.s., canada and brazil. tens of thousands taking to the street and this was replicated throughout the country. they are protesting the rule of maduro. the question is whether military leaders will continue to back him. turkey's economy showing signs of a slowdown but it is following the -- the government's plan following a currency crisis. berat: for sure we are going to see significant slowdowns. close -- up. hard on softg very land

viviana hurtado is here was first word news. ana: the trump administration has lifted sanctions against three companies tied to vladimir putin. one is an alumina producer. congressional democrats -- is an aluminum producer. congressional democrats are trying to block the action. former starbucks chairman howard schultz says he is seriously think about running for president in 2020 as an independent, telling "60 minutes" americans are looking for a better choice. democrats are blasting this move, saying it could help reelect president trump. baker hughes plans to eliminate carbon emissions on a net basis by 2050. the ceo spoke with bloomberg's alix steel. >> by 2030 we are going to reduce by $.50 the carbon emissions. 50% the forward -- by carbon emissions. as we go forward, it is in line with what our customers are talking about. viviana: global news 24 hours a day, on air and on tictoc, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. david: we said she is on

i'm viviana hurtado. this is "bloomberg." thank you.y in december from more than a two-year low bringing the economy close to stagnation in the last quarter. the bank of england says approvals dipped to a seven-month low. still with us is vasileios gkionakis and sarah huon of standard chartered. let's talk about the pound. euro-sterling came back quickly. is that indicative of the factory floor is in first sterling? 90 has proven to be a strong resistance level and 125 has also been a strong support level for cable. of thisnest, in spite ongoing drama about brexit, indications first sterling are simple. we are currently trading at the lower end of the recent range and we will be trading along , wee levels along 125-126 are trading along headline risks. it becomes binary. if you get a no deal, cable collapses towards 115 or lower. if we get a softer brexit, whatever form that is, because cable has incorporated a hard brexit premium into it, that premium is going to be priced out and it will allow cable to rally. it is difficult now to ma

on the brief today, from laguardia airport, viviana hurtado. the faa putting every stop on inbound flights. from capitol hill, day 35 of the government shutdown. and kevin cirilli on the rest of presidential advisor roger stone. viviana, we start with you. viviana: david, we are here in terminal b, gate b. this is basically the american airlines area. there was a whole lot of yellow, yellow meeting delayed. about half of the flights we were able to see delayed, this coming just off of delta sending out a statement saying about 200 of delta's flights are delayed here at laguardia. there was a disruption caused by air traffic controllers, them not showing up to work, calling out sick. it was one hour and 22 minutes of disruptions during those instructions have been lifted, but basically it caused a ripple throughout the system that is being felt right now. it was not just laguardia be an andctive but also newark other airports, being felt throughout the nation and the united states. these are international airports, being disrupted throughout the

i'm viviana hurtado. this is "bloomberg." francine: thank you.ovements in europe are stronger than ever, the warning presented in groups risks for 2019. the movements will gain even more traction in in the late -- in italy and france. now, is the practice head. thank you for joining us to talk about europe. what are the main pitfalls of 2019? is it brexit, italy, france? >> all of the above. think about the context, merkel working through her succession, brexit and the risk that will manifest in march. ,uropean elections taking place a lot of eyes on emmanuel macron and people were looking at him to renew his mandate as well as and thepean mandate context in which he finds himself. statesf problems in the and in that context, a strong showing of populists represents a problem. francine: you wrote an essay which was pretty emboldened it is tougher euro skeptics, for euro loyalists. where do we go from here? yanis: 2019 is going to be l.vota never before has there been such incongruent he for reforming the eurozone and the complete incapacity of th

i'm viviana hurtado. this is bloomberg. francine, tom? tom: thank you so much.reen at westminster. equities, bonds, occurrence success, commodities, one screen for me today. i'll let francine talk about the importance of sterling within the vote. a little bit of a lift to the markets this morning. francine: all eyes on sterling, and we turn to the key brexit vote, but stocks overall in europe advancing. i'm looking at a little bit of sentiment on the market. tom: sterling ebbing in the last few hours. francine: we saw a chart sent that the volatility, the future position on volatility on the pound is much higher than emerging markets. i'm going bring that up later on, but overall, we're seeing a little bit of lift to the market because of china's efforts to try and combat the economic slowdown, and then, of course, we're trying to figure out exactly what all of this means for oil. i'm looking at oil, some of the recent losses at 51.18, tom. tom: we have a conversation with many diverse opinions on leave and on remain as well. it does help to speak to someone wit

i am viviana hurtado.a little bit about interest rates at the european central bank. a little bit earlier on we heard from the latest senior ecb official to suggest there is a case for hiking rates this year. is there a case for hiking interest rates? the german economy is falling off a cliff. the populist movement is gathering momentum and there is no inflation. simon: we should not necessarily with the dramatic aspect of the european government counsel wanting to leave on the table for investors that we may get some normalization. i do not think it is plausible given the economic data we have seen over the recent weeks. core inflation, for the last four years the average core inflation is 1% in the eurozone. they cannot start to tighten monetary policy and retain a near to 2% inflation. francine: what impact does brexit have on these european economies? simon: it is the right time to look at some of the paths, the asymmetric impacts it has on the eurozone. if you think about the major trading relationshi

i am viviana her to otto. -- viviana hurtado.es, futures take a pause finally. 1.15.ro still euro with a lift. brent, average, the dow, 51.97. sterling does not move off the uproar in london. francine: as parliament takes more control, maybe there is an underlying belief in the market that we are away from the scenario of a hard brexit. i am looking at the stock rallies taking it break -- taking a break. what they are worried about is unclear. dollar edging higher, oil dropping, and bonds rising. tom: we are making an effort to cover the fed and we are advantaged with michael mckee. he is out on the road speaking with fed residents. -- presidents. thee are trying to get to point where we are consistent with our dual mandate, and at a time when forecast are telling us that more than likely we will not have a bad outcome and likely will have a good outcome in terms of the unemployment rate drifting down and real gdp relatively strong. the financial data has come in much weaker. differences,these i think we need to get a little more

francine: let's get straight to new york city, plus warm, it is viviana hurtado. ts and exports unexpectedly falling last month. are the worst result since 2016. last week, trade negotiators from the u.s. and china expect optimism. president trump is firing back about the report. about his relationship with russia. the says he could not care less if his conversations with putin were released. release an post" article that said he told them not to release with other officials. theresa may is issuing a warning to euro skeptics, the u.k. is more likely to stay in the e.u. than leave without an agreement. the house of commerce is set to vote tomorrow on her plan. in mystery, what brought down the lion air jet in asia. found the black box. in air sensor had malfunctioned on a previous -- on the previous four flights and had not been replaced. growing concern deutsche bank may not be able to emerge from its crisis without ou outside help. bloomberg has learned the german lender has had frequent talks with the german government and its main competitor, commerzbank. global

here's viviana hurtado with first word news. trade talks between china and the u.s. continue today in washington. there is little indication china will give into u.s. demands. today president trump will sign a buy american executive order for infrastructure projects. his trade advisor says it will direct those getting federal financial assistant to use materials made in the usa. and we end the first word in new jersey. this spectacular fire ripped through a paper plant. the most important thing, no one was hurt. even the firefighters battling the blaze in subzero temperatures. at there happening second oldest environmentally from the paper company. global news 24 hours a day, on air and on tictoc, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. david: it is spectacular, but also looks spectacularly dangerous, particularly for those firefighters in frigid cold weather. paper likes to burn. alix: you're right. it is a staggering video. looks very scary. hopefull

let's get to the bloomberg business flash with viviana hurtado.amsung's fourth-quarter profits were below expectations. --liminary offer aiding operating income dropped below the forecast and one third below the figure a year ago. trade tensions have hit demands for chips in the two big export markets and shares are down a quarter. the activist investor targeting barclays has lost faith in the bank and will seek approval for board changes after being denied a seat. edward bramson is calling for a recomposition of the board after being reject it as a nonexecutive director. he may seek changes at the agm in may or through a separate shareholder meeting. against a controlling stake in lever. it will seek a smaller investment. into theported million company, but bloomberg learned it is backing away from complete control at $16 billion, declines in tech stocks are said to have laid a role in the decision. a are down more than a quarter over the last three months. that is the bloomberg business flash. carlos ghosn says he has been wrongly accused and un

viviana hurtado is here with the "first word news." new pressure on chinese negotiators to reach a deal with the u.s.. 4%,rts were down more than imports falling 8%. both are the worst results since 2016. and chinathe u.s. expressing optimism after mid-level trade talks wrapped up. president trump is firing back after a report on his relationship with russia. he says he could not care less for details of his conversation with vladimir putin were released. the washington post reporting he took his interpreters notes after his 2017 meeting with the russian leader and told the interpreter not discuss the matter with other officials. 24 days into the partial u.s. government shutdown, one of trump's biggest allies once the government reopened at least temporarily. lindsey graham says if congress cannot strike a deal within three weeks, the president should declare a national emergency and build the wall. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i

tom: in new york city, here is viviana hurtado. k to brussels to renegotiate the most contentious part of her deal. the house of commons voted for her to change the irish backstop . she spent 18 months putting it together and is promising to bring a deal to parliament life february 13. the e.u. warns it will not consider her demands. jerome powell is expected to emphasize patients in raising interest rates as they wrap up their two-day meeting. he will convey the central bank's new communication strategy, a press conference eight times a year. the deputy prime minister is under pressure to force an early election this year. several senior members of his party want-- league him to ditch the five-star movement which they view as an unruly coalition partner hampering their ability to deliver. apple convinced there is life after the iphone. their first holiday quarter sales declined since 2001, revenue for the iphone falling 15%, but apple executives focused on other services. shares are higher in premarket trading. the most extreme col

thank you, viviana hurtado. we are awaiting comments from president trump on the shutdown in the rose garden, moments away, we will bring you there live. for more on this, let's bring in peter with cantor fitzgerald, a chief strategist. thank you for being with us. i want to get a sense, as the shutdown drags on, you are already pretty this a mystic for the outlook on u.s. equities for 2019. how are you factoring in this specific issue? >> clearly, this is one more brick in the wall of worry. stocks are rebounding early on in the year. of course, we have trade with china, as well as a number of issues, including botched communication, which i've written about, by the fed on the itss of the ecb ending quantitative easing program. there are a number of fundamental reasons why the market sold off into the end of last year, exacerbated by the fed communication. this is clearly an important issue, but to me, not the foundation of why i'm concerned. i'm more concerned about title global financial conditions which is a

i'm viviana hurtado. this is "bloomberg." francine: thank you.s ago theresa may's steel was defeated in the house of commons thanks to the notorious backstop. defeated in the house of commons thanks to the notorious backstop. how can a no deal be avoided and difficult not, what happens to the irish border? the european commission said no deal means a hardboard appeared little says his government will never build one. a hard border. varadkar says his government will never build one. are you looking for solutions? what we areu're -- looking for is what we have been looking for since day one. a legal guarantee and a mechanism which will ensure we do not lose the progress that has been made in the past 20 years in terms of the good friday agreement. a lot of people talk about the impact on trade, jobs, the economy and all of those things. for ireland, it is different. we have peace in northern ireland. closerand, we have had corporation. at the foundation of that was the european union. it swept away many of the differences between people and we do n

i am viviana hurtado. this is bloomberg.er is warning of a tough year ahead. be lower thanill expected as consumer confidence weakens in emerging markets, especially latin america. >> the reason why we have delivered and are guiding and -- lower half of our ongoing is here to volatility in key emerging markets. southeast asia is running below the traditional levels of growth , and for us to move into the higher half of our guided range, we would need to see a strong recovery in latin america. we are making sure we had inventories of products sold in europe but made in the u.k. on one side of the channel, and on the other side of the channel. few weekslding up a of inventory to cover all scenarios. francine: that was the unilever chief executive. brexitanies prepare for scenarios, theresa may will head to brussels to reopen talks. the e.u. is not planning to offer any concessions. i am not sure exactly how to use this, because we spoke to jim o'neill who is basically saying a 20% chance of no deal, 20% chance of no brexit, an

. -- i'm viviana hurtado. coming up, former u.s. treasuries representative in beijing.w the a deep dive into the stories making headlines. the insight from and to see veterans and -- from industry veterans and headliners. we are taking a look inside ge and whether asset sales will be enough to save it. >> looking at ge, what is the vision? where does ge go from here? vision, a smaller, streamlined ge focused on power and aviation and to reduce debt load. landryceo john mack announced plans to offload $20 billion in assets, selling off the transport and distributed power businesses. >> we are moving to a much smaller corporate. >>'s successor lar -- his successor larry culp doubles down, considering selling nearly half the state in health care. >> he has adopted the strategy of selling everything not nailed down. >> ge needs the cash to reduce $100 billion in liability, a number that dorks the company's cash flow. debt, issue is how much what recourse, what about the liabilities these lawsuits and government investigations, the unknown of how debt -- how much debt there

i'm viviana hurtado.eep hearing that the economy is still growing nicely, but markets seem to be on a hair trigger with the slightest news moving it up or down. why is that? which signals should we be listening to? thomas dingenen and christopher zook. i will borrow from you, from your notes. you say the markets are paying attention to three things. tariffs, global growth and fed policy. which of those is leading the market right now? christopher: i think trade is the one that people are most focused on because that is the one that came out of left field that no one expected. the trade war does dissipate, if they are able to get to an agreement that is a win-win for both sides, that is something the market would enjoy and would put a risk on back in the market if that were to occur. carol: trade, global growth, the fed -- you are optimistic about the outlook because there's so much uncertainty in the market. thomas: i've seen such short-termism in the market. we've had extreme multiple .ontraction carol: