first up the volvo x e 98 the 1st real s.u.v. from a swedish car maker our chester nico has just one issue with it. for a few days i'm driving the law works in one station it's very comfortable car a very nice to drive all this this thing systems also balding with the event the only thing i wanted about the fabric seats in the car because when i thought up a premium s.u.v. car thought the mode let us see it's but this is a point where everybody can decide for him or herself. to montserrat he has all the comforts but it's not quite cutting it says our italian tester fabio. what i really like about this car is the exterior and the interior especially this wonderful leather material it's this beautiful blue paint job what i don't like about this is that some they can teach us should be standard in the car of this price but. as a doctor charging station a head of this place and a virtual corporate. can the volvo mild hybrid take. the powerful montserrat in. your vehicle i already know if you're perfect just as a. company i think beca

first up the volvo x e 98 the 1st real s.u.v. from the swedish car maker our chester nico has just one issue with it. for a few days i'm driving the dog works in one station it's very comfortable car a very nice to drive all the system systems possible then with the event the only thing i wanted to ball with the fabric seats in the car because when i thought up a premium s.u.v. car thought it would let us see it's but this is a ploy everybody can decide for him or herself. to montserrat he has all the comforts but is still quite cutting edge says our italian tester fabio. what i really like about this car is the exterior and the interior especially this one the 4 other material it's this beautiful blue paint job what i don't like about this is that some people beatrice should be suspended in a car of this prospect. as a inductive charging station ahead of this place and a virtual corporate. can the ball though mild hybrid take on the. powerful montserrat in. here because i already know if you're correct you're just going to accom

. >> and volvo is getting big on the super bowl. here's "tech bytes." >>> tesla called out claims a malfunction is causing their cars to accelerate unexpectedly. >> the company released a statement denying the allegations and accusing an investor of making up the claims to manipulate the stock market. volvo is making a big bet on the super bowl. >> instead of paying for a coveted commercial, they are offering to give away a million bucks worth of cars but only if one of the teams scores a safety. you can take the bet by signing up on their website. finally it turns out netflix may actually be the happiest place on earth. >> yeah, according to a new survey nearly 90% of employees who work for the streaming giant are happy with their job. room for growth listed as a major factor in keeping employees content while on the clock. >> people do love some netflix. are you still watching? those are your "tech bytes." >> have a great day, guys. >>> did you hear what delta did? >> i heard. >> yeah. well, if you work for delta, you already know

far from here and saw that and thought this is great it means we're doing a really good job for the volvo since he can look began operating an online shop a long side it's a boutique in bhaumik oh it's been getting more and more orders from abroad. it has long had customer bases in europe and in the united states but soon now mr thera believes she'll have to hire more help. carolyn for more use of business background stories go to our website that's of course to. find us on social media to follow us to our facebook and twitter. because up next one after this quick talk. to a. good . thank you thank you thank. you. this is news africa coming up in the next 15 minutes why is the d.r. seen struggling to stop knees ills health organizations are on the ground vaccinating children 5000 people are getting infected every week. and the kenyan hadrian stuff putting an eco friendly twist on hair extensions. and then you meet somebody from zanzibar tanzania it's rare for women in her community to play sport.

would make tracks on one of the largest heavy duty truck players in the world a rival to dima and volvo. unemployment in the eurozone has fallen to its lowest level in nearly 12 years the jobless rate stands at 7.4 percent in december for the 19 countries that share the euro currency within the group rates vary with unemployment in germany as low as 3.2 percent and as high as 16 percent in greece. well on the day britain finally leaves the european union the u.k. is a pro e.u. movement has pulled out all the stops to make itself heard right up to the end by launching an ode to joy initiative the european union has traditionally used beethoven's famous piece as a musical representation of the e.u. to remain as they have been buying and downloading hundreds of thousands of copies by andrea to your to top the u.k. single charge on the same day as the u.k. leaves of the charts are released later today. but in the spirit of the day we want to leave you with a few more because of beethoven's order to joy as we say thank you for watching and goodbye. i am . i am. i am. the 1st. lucky. what sec

what we've seen between volvo and once they can have most of the revenue, this is where it's going. >key bank capital markets upgrading. who knew the utilities stocks were going to be one of the best performing stocks. sounds like you did. thank you very much. >> thank you zblnc >>> so you hear about environmental social governance. is it just talk? it is not. tonight on fast money, we'll have the chairman to talk about esg investing and it's not just we're going make a loan to buy a windmill have you heard about debt issued by major companies that issues in rates paced on carbon emissions goals. they exist and the industry is booming. we'll talk to him tonight. i'll sigh you there 5:00 p.m. eastern time tonight with that guy. it's going to be an interesting interview. it will open your eye on a topic that many are skeptical of market, new record highs great week "power lunch" begins right now >>> here's what's new at 2:00 on "power lunch" for friday stocks indeed marching to record highs. wall street's biggest investors. the billionaire bulls. on fire. the number of people building n

. >> volvo. >> volvo clearly, this player is becoming a lot more involved in the european space >> yeahand actually, remember we were discussing this on urs thursday, friday, towards the end of last week if you look at the performance of aston martin, it's down 75% from its ipos. anyone who bought that has not had a very easy ride at all. and the news flow from here is centered around which investor will end up taking a stake there. at the end of the day, they seem to have a lot of operational difficulties and that is going to be the big question going forward. one thing forward, i think the nissan renault story is interesting in light of the colorful press conference we had out of carlos ghosn but it looks like that empire is close to coming apart. >> it's interesting listening to carlos ghosn and how much pride he has working at those two companies. if they do break apart, what happens then do they need to look for new partners >> something we'll be discussing for sure. >>> we'll be back with uk's gdp reading. need it. with esri location technology, you can see what others can't. ♪ >>

>> reporter: this track set up by volvo slippery road simulator is designed to show how things can goith you behind the wheel. >> i feel my back doing. what do i do. >> reporter: thomas mcintyre-schultz is a safety instructor. >> when you want to brake you should brake. but don't get into a sliding scenario and do a panic brake. >> reporter: each year 24% of weather related crashes occur on snowy, slushy or icy payments leading to 1300 deaths and 117,000 injuries. that's why experts say it's critical, drivers know how to handle wintry conditions. >> slow down. keep things steady. no sharp, sharp turns. no slamming on the brakes. no flooring it. >> going like 10 to 13 miles per hour. >> cut your speed in half and you made it through the turn. without sliding. >> reporter: all wheel drive might help you in the snow but on ice it won't stop you. >> when it comes to stopping on ice you have no advantage over anyone else. >> what do i do? >> tap lightly on the brakes. steer where you want to go. >> reporter: bottom line buckle up and take it slow this winter. sukanya krishnan, cbs news, ea

backlog coming to politicking continuing our conversation with our political panel they are alex volvo former chief counsel for the democrat or republican national committee he is in washington and in mountain view california is friend who worked for barack obama and john kerry's presidential campaigns as spokesman and strategist. ok as zack what do you make of the bloomberg story he he could spend up to a $1000000000.00 he said that if yeah it doesn't get the nomination he'll give it to his ever running to as he wants to be trump do you fear a blowout which he was. i don't think he's got any chance to win the nomination i wish he'd spend the money on organizing other democratic races and maybe buying fox news so that he could actually have an impact on the national media landscape that way but i'll say that it's interesting both he and tom star if you look at their media ads for example in the reno market and las vegas media market alone they've bought more ads than bernie sanders has bought across the entire country so they're they're flooding airwaves in a way that nobody's ever see

it controls volvo cars and daimler.ays it will stop testing at the most advanced and expensive stage of one of its clinical trials. the pharmaceutical company is abandoning a fish oil pill for bad cholesterol. the medicine did not stand a high chance of showing a benefit when combined. the company says it is disappointed by the results. analysts expect the medicine could generate a peak revenue of $145 million. that is your bloomberg business flash. anna: thank you. next, the stocks on the move this morning. the stock had a very volatile session on friday. feds this morning after the is holding funding talks. we will get an update shortly. this is bloomberg. ♪ ♪ matt: welcome back to bloomberg markets. this is the european open. now, we are 21 minutes into the trading day and looking at green arrows on the equity indexes with the exception of the ftse mid and milan. let's get the individual stock stories. for that, we go to dani burger in london. dani: we are getting a bit of a turnaround today from aston martin. a roug

i am just wondering, when you look at the potential for any sort of shock to the market, how volvo role you think investors are in aggregate right now, based on the way they are invested, based on the way they hedge? sarah,gain, by the way, i saw that piece. i thought it was great. we have that exact debate on a wiggly basis. basis. weekly what is not broken down is fed liquidity. m2 -- started to bottom right as the market was making a little back in december of 2018. so, with the benefit of hindsight we could've put more weight on what the fed was doing through evaluations. that was the right call for 2019. but i do think there is a lot of credibility. about so much talk not equities but about the s&p 500 in particular because it is really hammered almost every thing else in the second half of -- bull year bui market. there is a lot of crowding into the top 50, top 100, reminiscent of what we saw in 1999-2000. tiered market as what we got been but i do not think that is a goal to which you should aspire. we ended up with a negative return decade after scaling the heights in early 2000

senior economist joining us here at our london studio shares in volvo are trading sharply higher after a smaller than expected lower q4 earnings. seeing 6.5% up this morning. tesla shares spiked in after-hours trading to top $600. recording the first ever annual profit and promised to boost production this year by more than half a million unities. the company announced the coronavirus has forced the company to close in china. a slight delay to model 3 production may reduce profits in the fourth quarter samsung reported a drop in operating costs. the south korean tech giant cited caution thanks to the new threat from the coronavirus and continuation of global trade tensions mo microsoft shares with better than expected results thanks to computer business and cloud services the winner of that controversial u.s. defense contract provided a major boost. facebook plunged in after hours trading despite reporting a beat on top and bottom lines. posting rising costs and expenses as well as narrowing margins. we'll talk about this in more detail was this about spending a lot of money to a lay c

turn our attention to the truck maker volvo. 9.2 2 billion, that is a beat on the estimate of 8.58 logan the fourth quarter. margins slip 8.8%, from 10%. that is the fourth quarter operating margin, just to be clear. the overall fourth quarter margin expands to 8.9% from 3.4%. that may rerate that stock, a proposition that is coming to the fore. we are going to talk about all things tech. you might be active on facebook, but how does it play out to the bottom line? this is bloomberg. ♪ nejra: this is bloomberg "daybreak: europe." manus: tesla delivered a second straight quarter of blowout earnings. with all the details, annmarie hordern is with us. >> huge blowout. one of the huge things everyone was looking at, what will they say about 2020? they said they can comfortably exceed 500,000 units for delivery. elon musk must be elated. earlier this month, the stock was one of the most bet against american companies. short sellers a percentage of equity, dropping compared to the share price. gene munster says the shorts are just eroding. elon musk, as personal fortune just after yesterday gr

volvo is counting on tripling sales of its hybrid models this to avoid paying european penalties.ker could pay up hundreds of millions of euros popular polluting but combustion s.u.v.'s. a fifth of all new cars sold in 2020 should be plug-ins or all electric compared with just 6.5% last year. french services company gemini secured enough shares to go ahead with its plan to take over paris-basedher engineering consulting firm. the c.e.o. said the ultron deal address an engineering shortage in europe. those are the top global stories that we're watching. you.ul, thank a new rival of tictoc has emerged. is no's predecessor stranger to fans of video-sharing apps. it was created by don hoffman, who cofounded vine in 2012 and sold it to twitter later that year. rocketed to the top of and stillp store maintains a spot. joining us is tim, in new york change. let's -- for a change. it's great to have you in the studio. saw twitter having to shelf vine because they couldn't make it profitable. how will byte be any different? >> that's the thing with vine, a year.n twitter took it over and k

lotus, and volvo, family. that is your bloomberg business flash. nejra, manus.anus: thank you very much for rounding up the news flow for us. coming up on the show, it has been a long time in the gold market, posting the longest streak of weekly advances since last summer. that trade has just been busted. the gun tohas moved reprice. we will give you the details with a chart that matters. that is coming up. gulbis morning as being one of the markets, just one of the markets, which is repricing global risk. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i am nejra cehic in london. manus: i am manus cranny in dubai. investors looking for direction in the markets. they look at gold. the specter of ongoing geopolitical risks. rereading and repricing every day. dani burger has a chart that matters. >> is the rally in gold over? that is the question investors woke up asking themselves this morning after a week of volatility in the precious metals. just looking at the price action of what happened, last week, gold briefly topped $1600. it currently i

program, so many other things helped to create that industry, you have mayor auto manufacturers like volvonot making cars in future unde unless they are electric. >> supply and demand thing. david: we'll see, john. >> 77 annual golden globe awards, there is a new change to the ceremony this year. you want to hear details of this one, coming next. ♪ having a good team time ♪ eone? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. . color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. >> first time in history the golden globes go meatless. t

relative to an increase in the price of crude in would you look toe increase -- >> this is like own ago volvo. this is not sexy this is solid, it's saif, you know, you're going to get your kids out of the crash just fine, and you get paid a 4% different. whether you hear they add a dollar to the price of oil and this guy will add over 400, that's fabulous. >> it's a bond proxy at this point. >> it kind of is >> i own that definitely beta, high juice, so conoco phillips is somewhere in the middle it's a free cash flow and they're going to gen bush they're buying back 5% of the shares, great manage team, given their assets they'll probably better that chevron. >> i would rather see a company like conoco, than more exploration, like they're doing the right thing. >>> let's wrap it by talking about tesla. the shares hitting a fresh all-time high, crossing $80 billion in market cap,ed first china-made model 3s to the public elon musk celebrating that milestone as only he can. with surging valuations, how investors should be viewing it and i'm looking has eclipsed that of ford at its peak. >> at it

. >> volvo plans to give away a million dollars worth of cars if a safety is scored in the super bowl. a safety happens when an offensive team is stopped inside its own end zone. the defense then scores two points. it could happen. sign up. >> i have to read that sentence three more times until i understand what a safety is. i honestly don't. i really don't. >> we'll get it together. i am the shame of my football loving father. new this morning, lucky third grader got a special advice frit a nascar pit crew. >> it all started with a picture. look at this little cutie. future pit crew member. so she sent the photo of that sign to a local teen and not only did they send josh a recruiting letter, they brought in a race car just for him with his name on it. >> i was like, oh, my gosh. >> is that what you said? >> i was going crazy and stuff. >> well, it's certainly a dream josh says he never imagined and clearly will never forget. >>> new at 6:00, meet the south bay dog who loves working out with his owner at the gym. >> reporter: it's time to update your niners gear. something that says

an investment would add another european automaker to geely's portfolio which already has lotus and volvo>> a tiny bit of selling here, dow down 62 points, lost not just 29k but 28-of 9 ten-year yield back to 1.81. s&p up by a point. >>> welcome back to "squawk alley. stocks are mixed after the dow crossed over the 29,000 mark for the first time ever earlier. down about 50 points tech responsible for most gains. let's bring in washington advisers brian and david at ubs. kevin, your thoughts on not only the milestone we hit this morning but the fact we're taking a breather. >> yeah. it tloox way the rally has been sponsored by lower interest rates it comes amid a global economy that's been very disappointing, below trend, u.s. growth has been coming -- has been the best -- one of the best of the developed markets, but that growth rate is coming down and we've seen some slippage in today's day that private sector payroll, up 1.5% or so year over e yoor, the weakest of the cycle. in order for this bull case to develop and the market to continue on an upward trajectory, we need to see an impr

matt zellinski head of volvo north america. he will -- lenovo north america.e on fox business coming up. also flying cars, 5g discussion, real nuts and bolts high connect, right? what about food, known as the one high-tech food company that has been first to be invited, yes, invited to ces for, what is expected to be sending out 25,000 impossible pork sliders, it is ceo of impossible foods, pat brown. he is the founder and of course the ceo. he is outside handing out free sliders of the brand new, just bay beauing it, impossible pork. impossible burger is already out. we will give you the first television tour inside allowed for the brand new stadium for the raiders. the new home in las vegas what was, i know the oakland, los angeles, i lost count, charles. they will now be the las vegas raiders. there is sense this will be the best technologically advanced stadium on the planet. we'll show it to you with pat esser of cox communication. we have our eye on the markets and everything happening in washington, d.c. and highly combustible area of middle east. charl

at least, i don't know if it still happens through the volvo administration,. [laughter]. there was an effort to track kids letters to ensure that especially kids, got a response. from the president. [applause]. news i'm just so grateful to them for doing that. [applause]. >> on the state that your spirit is contagious. and i want to end with a quote that you have in the book. gloria steinman. i'm not giving up my torch, i'm using it to live others. and i want to thank you both, for keeping your own torches lit. for lighting torches for so so so many others as you do everyday. in the work that you do and out in these incredible stories of women that we can continue all share across everything across the world, across the generations and thank you both so much. [applause]. [applause]. [applause]. >> hi everybody. i'm glad to see you, thank you. thank you so much for coming to tonight's program featuring robert caro and conan o'brien. [applause] >> i am andrea

up next, your stocks to watch at the open, including volvo's trading as it offers to buy the rest of navistar for $2.9 billion -- i'm sorry, volkswagen. also, keeping an eye on aston martin as a formula one team owner pumps money into the carmaker. it is raising capital, so guaranteed to move today. remember, bloomberg radio is live on your mobile device or on digital radio in the london area. this is bloomberg. ♪ welcome back to the "european open," we are live just opposite westminster, houses of parliament behind me. i guarantee you will be able to see that when the sun comes up in london. marking the occasion of the u.k. leaving the eu, that is happening at 11:00 u.k. time, 12:00 midnight in brussels. of course worth bearing in mind the challenges that still lie ahead in the brexit roadmap. boris johnson said he will not extend the transition arrangement. we go into the transition arrangements overnight and he said he will not extend that beyond the end of december this year, 11 months to negotiate a comprehensive trade deal perhaps or maybe just a bits and pieces trade deal betw

volvo, the truck maker, they are seeing a big game, nearly 4.5%.ith better-than-expected profits even amid the weaker truck demand in europe and north america. swatch group, one of the more disappointing earnings, losing a 2016d the trading at low. they expect a healthy market but hong kong will be week for them given the protests, and increased competition from smart watches. anna: interesting movers on a day that is broadly negative, some stocks are managing to outperform. the bank of england governor mark carney's final meeting, they are split on whether they will get the first cut 2016. trade is seen as having a 50% chance of a cut today, it is the most divided they have been on a decision under carney. goldman sachs are among the banks calling for no change while deutsche bank predict a cut. karen ward, managing director / chief market strategist emea, jp morgan asset management, your expectations from the bank of england on interest rates? karen: on hold today. the discussion they should be having, what is the outlook for the economy, is it a

volvo, for example, is going to go all electric within the next couple years so it's out there in theor the time being seems to be saying you are the market leader, you are the guys with the most style and panache, you guys are the ones we think will lead this charge. you don't buy that? >> it's all a matter of scale, neil. there's no price to earnings ratio here. it's in the stratosphere. it's around 570, tripled in less than a year and that is not reflecting the earnings and sales which are increasing. neil: -- that applies to the overall market, that's a little too giddy, is that right? >> far too giddy. it reflects the giddiness of many companies in the stock market. apple is an established profitable company but 27 times earnings? give me a break. you know, there's a lot of speculation going and when you see that more individual investors are rushing in, that's just one step from hearing cab drivers saying i got a stock tip for you. neil: all right, but donald trump keeps talking about these markets as a nice backdrop, a reflection on him, his tax policies, confidence in his over

volvo boosted their dividend.em to be wait -- able to weather the storm with the demand drop we are seeing, cap -- theyith ring will be pushing for changes. we do not know how big the stake is yet, but the market likes it. we have some big followers today as well. royal dutch shell down more than 3%. slowing the pace of share buybacks as they missed expectations. ceo said that the buybacks will slip beyond this year if the macro environment stays weak, setting a gloomy tone to all of these big oil majors we will hear from. bt group down five point 8%. hitei is expected to get with charges based off the fact that u.k. to his step to not include huawei technology as part of the rollout. an swatch group down 3.5%. everything here has to do with the hong kong protests, really denting the sales. they are seeing competition from smart watches like apple, and we have to think luxury at watchmakers -- what is next for them with coronavirus? potentially more damage to come in the luxury space. francine: thank you so much.

and today, in south carolina, companies like bmw, bosch, michelin and volvo have made south carolina their home. investment is a major lifeblood of the south carolina economy. bmw recently celebrated 25 years of presence in south carolina. that's 25 years, $11 billion invested, 11,000 workers. 4% of our state employees are part of the automotive industry. so, as this committee considers this agreement, this administration and future administrations must remember the innovation is what drives america to greatness. innovation like the 4% of south carolinaeans. dairy farmers like lynn easter now have the gold standard to sell in canada in a fair and competitive market. as this agreement moves forward towards implementation, i plan to keep a very focused eye on how the rules and regulations surrounding this new automotive regime are carried out. our regulatory environment should never be one that stifles innovation. thank you. >> senator cassidy? >> yeah, thank you, mr. chairman. first, let me complement the president and ambassador lighthizer. that said i take issue strongly with the pr

>> volvo. we drench it in olive oil. >> you watch that down with portuguese wine perhaps?e bay leaf. is this something, if someone comes and for restaurant week, they would have this as a specialty? >> this is the main course of the restaurant. >> it looks great. >> it is on our usual menu. >> it looks great. michelin rated. how excited are you about that? in 2017? >> it is amazing, a very humbling thing that happened to us. it has given us a lot of exposure, and a little pressure to, i bet? >> it is motivation. >> talk about the puff pastries and what you are grading here. >> these are a custard tart with a puff pastry shell, inside is a creamy egg base. you can have it on the lighter side, or you can have it with darker caramelization. >> what are you creating here? >> we have this puff pastry here. i push this with my thumb up against the tart form. i do this a lot. it is pretty automatic. then we have the shelf, and the custard base which is a family recipe, a family secret. i cannot share it with you. then we fill. and it goes into a very hot oven. >> do you glaze it

he assembled this massive alliance between renault, nissan, mitsubishi, to rival the volkswagen and volvomportant day for me. one that i have looked forward to every single day for more than 400 days, since i was brutally taken from my world as i knew it, ripped from my family, my friends, my communities, from renault, nissan and mitsubishi, and the 450,000 women and men who comprise those companies. so he started the news conference in english, i think it speaks five languages, he still going, andi speaks five languages, he still going, and i think there will be a lot of analysis of what he has to say. it is very difficult one to report on in a way, because he has presented a blizzard of slides about, this person knew, the fact i was dinner‘s all my own is nonsense, these houses were actually nissan's property and not mine, everyone knew what was going on, it was all signed off by the board. we are going to ta ke off by the board. we are going to take some time to process that, but clearly he feels that in a way, it was like a perry mason type presentation of the case for defence in an i

that's kind of the stuff -- like, volvo, front ends of semis, lots of tires. there's a hot tub.re was a big piece of foam, milk crates, you name it. lot of plastics, man. lot of plastics. because it floats. 'cause it floats and there's a lot of it. hope floats, too. i don't know if you know that or not. it does. but i wonder how much hope there is on this river right now. fact is, america's rivers are drowning in garbage -- hundreds of thousands of pounds of it. 90% of the plastic that ends up in the ocean from land gets there from rivers. it's hard to look at this and not feel completely overwhelmed. that's why i'm here with chad. and so when you first started coming here, was there trash everywhere here? dude, unbelievable. he's dedicated his life to cleaning up the country's waterways with the non-profit he founded -- living lands & waters. i grew up right on the water. like, my parents' house is 10 feet from the water's edge. he started out solo 22 years ago -- one guy, swimming upstream against a tide of trash. i started living around all the garbage out there. and as a tee