alix: if you want to chart it, you can take a look at asia. kkei was closed at its lowest level since 2014, hang seng as well. that is going to set the tone for the markets overnight. then it spread to europe. if you take a look at the dax, germany has quite a lot of export exposure when it comes to china. the dax closed as its lowest level since 2014, and the stoxx 600 closed below the moving average. that definitely sends a bearish signal overall. it may have been a red day in the global market, but at the world economic forum, it's not all doom and gloom. joe wiedemann and simon kennedy report on what economic leaders are talking about. i'm joe weisenthal and i'm here with simon kennedy. we will talk about the only interesting things that in doubles today. simon, what is it? the big question is that donald trump is going to win the davos primary. very unpopular among ceos, worried about his rise to the top of the republican polls, and what it means for foreign policy. ceo, talking about sanders and trump. joe: so they are not thrilled that p

you look at these migration you look at the lines and you look at the tremendous amount of young, strong men in those lines. and you say, what's going on? now, obama wants to take in thousands and thousands of people. we can't do it folks. we can't do it. we don't know anything about the people. we're going to do a free zone and a safe zone, we're going to do something where we have to get the gulf states, they have nothing but money, got to get them to fund it, got to get them to put up the money. don't forget, without us, they wouldn't be there very long. we protect them. with the military, by the way, we're protecting countries that are behemoths. we're protecting countries that are so rich so powerful so incredible, south korea, we protect south korea. i have many friends that have buildings in south korea, but we're protecting south korea with 28,000 soldiers in the line. between the maniac and south korea. we're protecting them. they pay us peanuts. we protect germany. we protect japan. we protect countries that nobody even knows about. we protect saudi arabia. before the oil price

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you look at isis. you look at our militaries in shatter you have the general saying it's not prepared, we're in the prepared as a military we're not prepared. it's been one of the worst -- he said -- he actually said from the beginning, i watched him inter view he was talking about lacked preparedness from the beginning. look at our vets how badly they have been treated. our borders how people are just pouring across our borders. there's plenty to do. >> dickerson: talk about the presidency and finger on the button. united states has not used nuclear weapons since 1945. when should it? >> well, it is an absolute last stance. i use the word unpredictable. you want to be unpredictable. somebody recently said i made a great business deal. the person on the other side was interviewed by a newspaper. how did trump do this. they say he's so unpredictable. i didn't know if they meant it positively or negatively. but he meant it positively. we have to be somewhat unpredictable. nuclear has to be absolutely las

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great you look in a bathing suit. what are you doing to keep this up? >> you know what, i'm a great believer in doing things as naturally as possible. so i eat well, i exercise, i do pilates, a few light weights, everything in moderation. wine in moderation. >> and, you know, i think being healthy and being as natural as possible. i just don't do all of the -- >> no. feature, and i have to -- i need every muscle in my face. if you're an actress and can't show distress, anger, because everything has been frozen, that's not going to work. >> i think it's time for a quick game. would you mind playing a game of charades? all right, we're ready. >> come on in. >> so what do we do? >> "50 shades of jane." >> my name. >> there is a movie or tv title. >> do we pick it? >> you start first. >> i have to add -- >> okay, so yeah. ready? so i act it out? is that right? >> you act it out. >> okay. and i can speak. >> yes. >> okay. i need to go, and i need to get my doctor kit. >> dr. quinn medicine woman! >> there you go. >> i shoul

then you get back to the coalition. how would his coalition lookifferent than angela merkel's coalition? it's hard to say. tom: thank you for the briefing from berlin. martin feldstein, we will speak to him on bloomberg about international economics. american deficit. stay with us in new york and london. this is bloomberg surveillance. ♪ francine: welcome back, i am francine the clock, i'm in london with tom keene in new york. funds to prop up the stock market after a drop yesterday, chinese central bank has moved. for more, let's bring in tom orlik. was meant to be the year of reform. what does today's action tell us about free-market globalization. tom: nothing good. the government has achieved its short-term objective. they have stabilized the market on tuesday. but once again, it has come at the price of heavy-handed intervention. the buying of state owned funds and reports that chinese securities regulator has extended the ban on share sales by major investors and china state own eggs have been active in the foreign exchange market, preve

you during the next hour.... the results are in... usda gives us our final look at the 2015 crop and it's not as big as what traders thought. a flood of forced grain sales how many farmers do you think moved their grain in this area? "everybody, everybody." our farm journal report shows us why farmers werne't taking any chances with the mighty mississippi's swollen banks. we're on the road with machinery pete... our biggest challenge is used inventory but it's an opportunity for the customer> we'll talk about the hot buys in the equipment sector for 2016. and in john's world...

because i want you to try this. look how good this is. >> i love this stuff. >> and then you fold it over like a taco, right? >> you can. it's either a steak -- here's one for you. you can have the whole plate actually. you can serve it as a salad or as a steak taco protein-style. >> will you cut me a piece of that? >> of course i will. >> we have to go. thank you. thank you so much. all right. >> yeah. >> is it good? >> for the recipe, go to sorry. >> hoda. >> she's got a lot of fight left in her. called "spspchless." i absolutely love my new york apartment, but the rent is outrageous. good thing geico offers affordable renters insurance. with great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. delivery. hey. lo mein, szechwan chicken, chopsticks, soy sauce and you got some fortune cookies. have a good one. ah, these small new york apartments... protect your belongings. let geico help you with renters insurance. [coughing] [coughing] [coughing] [cough

you look stunning. >> thank you. >> i am wearing jason wu. >> don't be afraid of taking risks. >> anything can happen on the >> welcome back to "first look live on the red carpet" of the 73rd annual golden globe awards. we are live from the beverly hilton hotel and the red carpet is really getting crowded now as the stars continue to arrive. i have one of the stars with me right here, mark rylan, there only four double nominees here tonight, and you, my friend, are one of them nominated for "bridge of spies." how does that feel? >> it feels lovely to be celebrated, doesn't it? >> yes. your first golden globes? >> it's my first awards thing on the west coast, yeah. >> so what do you think of all of this? it's a little bit crazy, don't you think? >> yeah, yeah, but, you know, it's a way of encouraging people to go and see movies, and that's a good thing. >> in "bridge of spies," we were talking about how you don't have a whole lot to say, but sometimes that's the best acting. and that's the hardest acting, too. >> i think it's easier to get away with it when you haven't a story like my chara

if you look at these d eflationary pressures, you have a valuation for oil, how do you look at this? the federal reserve thinks the business cycle, classic business cycle is that when your demand is increasing faster than your capacity and you are at a fairly high capacity, unemployment rates are low, g.d.p. gap is tight, you should tighten monetary policy and that is the policy over riding the fed's issue. i think they're paying too much attention to the business cycle and not enough to the long-term debt cycle. you can't squeeze much more out of this because of the lower interest rates and that. we're seeing the world that they're getting feedback about is a deflating world with asset prices coming down and i hope they'll remain flexible in their thinking of monetary policy. be hesitant. there are asymetric risks because there is no doubt the , federal reserve can be effective in tightening monetary policy. so, if they are a little bit late, i do not think that will be a problem. they are not as effective in easing monetary policy. the pushing on a string like in the 1935 period is

he said you are looking to shine a light on problem solvers here. ald trump saying all the things he's said, he's not worthy of that title. what do you say to that? >> so what we say is that we intentionally made this, i guess you might say objective. we're asking all the candidates, left, right, center, democrat, republican, don't just tell us what you want to do if you get elected. tell us how you're going to do it because that's what's been missing in american government in the last several years. and the how really is that you promise to work together across party lines to start to negotiate compromises to achieve great national goals. so we didn't bestow anything today as no labels. we simply recognize the six presidential candidates, including donald trump, who made this promise to no labels, but really to the american people. i understand the reaction, but i think it misunderstood what we really did today. this was a promise donald trump made to us, not an award that we gave him. >> well, governor huntsman, let me take this from a different an

looking ahead, could you talk about what the oil and gas industry could look like coming out of the current price cycle? when investment starts to ramp up again, do you think we're going to see an even bigger shift towards shale, including potentially finally the takeoff of global shale development? >> i think that's difficult to predict obviously. as we look down the road the next year or two, i think the fundamentals going back to the marketplace factors of supply and demand are the fundamentals that will continue to drive that. and that's why i keep emphasizing we're not looking for government intervention. we're not looking for government handout. we're looking for opportunity. treat us equitably. let us compete globally and the market and capital investment dollars will find a way. our basins are rich, but at the same time we have the certainty of the rule of law, the court system. there's lots of factors that go into where you invest these dollars. the united states can get more than its fair share if the policies are right. when you look at keystone pipeline that were driven not by e

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you looking for a sugar daddy? no, no, no. >> what is the advice you would give to younger women about looking for a man? >> don't look, honey. don't look. friendly women are winning. you know what i mean by friendly. >> what do you mean? >> giving it away like a tuesday. giving it away. right now men are marrying the ones they used to play with on friday. they actually wifing them. men said they don't want a good woman anymore, they want a bad -- >> she's feisty in real life, but you play a feisty mother on "for better or worse." how do you relate to your character? >> i relate to it because i'm raising a child on my own. i want to find love, but you don't want to be played. luckily i make more money than jennifer. i can afford certain things. trying to find somebody, you male gold diggers. >> oh, yeah. >> absolutely. >> looking for a woman, looking for a sugar mama. you know how fine you got to be to get me to pay for something? you have to be a mix of idris, michael eley -- you must descend out of the clouds with

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you look at the energy the prophets have been down 70% over the last couple of quarters. w you are positive sales growth and positive earnings growth rate you're definitely .eeing we're looking at the 4400 gdp we've got today, global gdp does not look very good. my hope is that we get to the first quarter and the second quarter you're going to see growth pick up. positive.to get very has been some chatter that the recent selloff we've seen really has to do with global markets readjusting their expectations. maybe we are in a permanently lower growth environment. do you think that is part of the macro story that is correct in readjusting? that we should selloff more because of that? >> i think it is where your view is. we are pricing in a global recession. -- of it is factoring in what is collapsing here. that is understanding what look at the pace of the different growth indicators. int of it is factoring potential growth. we are taking a lower growth trajectory into account. but the violent reaction have seen is also starting to price in the global glut. scarlet: we have

if you are looking at equities, look away. g a significant selloff across european equities. that is the picture you are seeing, down over 3% on the dax and cac, euro stoxx 600 down close to that number, ftse not far behind. mining stocks, oil stocks all taking it very, very hard. it is a mix across europe as to what is happening. banking stocks are down very aggressively as well. let me show you some of the other things you need to be aware of as well, the fact that the nikkei closed in a bear market, down 20%. hang seng fell aggressively, shares really taking it hard. to shanghai composite was off over 1%. nymex crude, $27. ruble is flirting with an all-time intraday record against the u.s. dollar. aussie dollar selling off aggressively as well. the whole story is one of negativity, of concern. let's show you the numbers -- there they all are. let's get you up to speed with everything else, here is the bloomberg business flash. says fourth-quarter profits plunged. adjustedny sees profit with changes of $1.6 billion to $1.9 bi

if you look at the u.s. valuations of well-established companies, that is what it's like. they are treating the average company like facebook or google. they are definitely not all future alibaba's. you have a lot of penny stocks, companies that said now we are a tech company. we were a restaurant chain, now we are a tech company. stock goes up. david: you point out that companies are renaming themselves to be more techie than they already are. zeke: i do want to pretend like that doesn't happen here, but over there, the market has been integrated successfully. we found one ipo that one of -- went up 4200% in two months and a few months later, it said we are restructuring. we are going to hold trading. in china, companies have the ability to suspend trading in their own stock if they say there is some new spending. they can just suspend it indefinitely. carol: we appreciate it. david: up next, we go to the back for this week's etc. segment. carol: her first feature of sundance more than 20 years ago. if you haven't heard of her, that is partly on purpose, but mostly due to

you can look at the arabs spring and you see that dramatically. the ones were peaceful like tunisia have the best chance. fragile and has challenges but it is a beacon of hope in the region and it was a nonviolent religion -- resistance. when you look at syria and libya, you look at where they are today and statistically be on the middle east, nonviolent resistance has more sustainable results. you can be angry. you look at the dictatorships and you look at the authoritarian economics and you're not attention. it's a bumper sticker but it's true . with the u.s. institute of peace, we introduce other means and goals where you can have your voice heard and hold people accountable and do transformation without having to cup arms. vice presidenthe at the u.s. institute of peace. you can check out their website. us for the next 25 minutes and we are take your calls and questions including john from baltimore, maryland on her line for democrats. caller: good morning and thank you for your time. i will make it quick. i work in academics and health care o

you look at airbnb and other the examples i've showed you. now we look at what people are doing with this technology. the first one -- this is now up work. people are building new ways to work. 53 million americans freelance online. that is 34% of our working class. 53 million americans. that is a lot of people who are freelancing online. basically what that means, they are 1099 employees. the have gone to a website and said i'm really good at marketing and these activities and businesses have met them and hire them to do those specialized actions we have distributed work. it's like ebay for jobs. people can go and get work done that way. businesses can go have logos designed very cheaply, but this is also change the way that millennial's look to the labor market in the future as well that 53 million americans staff is going to go to 74 million americans within the next five years. that is 50% of the workforce. that is a staggering statistic. as we look at the future of work in these new models of work that are embracing technology, the future

you see that at anchor japan, look at the bid on the yen. e are risk off and china is slowing down, you see strength in the yen. you expect the bank of japan to be pushing back. as i go through research notes, you hear nothing about that they same way you did the previous 2 years. 2016 could be the year when central banks say maybe not this time. in terms of a flight to quality, matt was saying a trade to uncertainty. the dollar had a monster run since 2011. gold versus the dollar, it is not like gold is safety anymore. jon: that is the point tom brings up, in the last couple weeks, finally a balance of uncertainty and people actually bought gold. gold went higher. is understandable what we have seen in china in particular. on this very program, there was an interview with the american ceo of toyota. he said the outlook for us, just like the interview with airbus, is really good. in other words, global industry is chugging along. whether it is headquartered in japan, europe or the u.s. that is bearish for gold actually. as long as industry ke

it looks like a painting. you behind the is this presidential race which is really putting at the forefront investor angst and also a lot of presidential angst. even absent show, donald -- even absentia, donald trump dominated the picture. the bank of japan unexpectedly stepped up monetary stimulus. you can see the neck a -- the nikkei finishing the day higher. the energy minister of russia is saying they are not going to meet for the moment with opec ministers to talk about production cuts. let's get to the "bloomberg business flash." is splitting into two companies, unwinding its biggest acquisitions. one unit will reportedly handle hardware operations with the other housing business services. "the journal" says activist investor carl icahn will get a seat on the company services board. sony got a big boost from hollywood, music, and gains, shifting from its consumer hardware roots. the company saw a 33% surge to nearly a billion dollars, beating estimates. adele'sreaking sales of 25 album. volkswagen made by ba

because i want you to try this. look how good this is. >> i love this stuff. >> and then you fold it over like a taco, right? >> you can. you can have the whole plate actually. you can serve it as a salad or as a steak taco protein-style. >> will you cut me a piece of that? >> of course i will. >> we have to go. thank you. thank you so much. all right. >> yeah. >> is it good? >> for the recipe, go to "today."com/food. sorry. >> hoda. >> she's got a lot of fight left in her. now she's going to sing this song for the very first time, rachel platten live with a song everything kids touch sticks with them. make sure the germs they bring home don't stick around. use clorox disinfecting products. because no one kills germs better than clorox. it' s olive garden' s new take on lighter italian fare. three new mediterranean inspired dishes. savory shrimp scampi saute ed in a mouthwatering garlic sauce. and flavorful new! chicken piccata. all under 575 calories. only at olive garden. the flu virus. it's a really big deal. and with

francine: if you look at these deflationary pressures, from oil, how does janet yellen look at this? mr. dalio: i think the federal reserve thinks of the business cycle -- classic business cycle is that when demand is increasing, you are at a fairly high level of capacity, unemployment rates are low. you should tighten monetary policy. that is the policy that i figured overriding the feds issue. they are paying too much attention to the business cycle, and not enough to the long-term debt cycle. them is a long-term debt cycle that you can squeeze much more out of this because of lower interest rates. we are seeing that the world map is getting feedback is a deflating world with asset prices coming down. i hope they will remain flexible in their thinking of monetary policy. be hesitant, there is asymmetric risk. them is no doubt that the federal reserve can be effective in tightening monetary policy. if they are a little bit late, i don't think that is a problem. they are not as effective in easing monetary policy like in the 1935 period. what they have to do is move away from the whit

and if you look at it, most -- in a downturn, the last thing you will turn off is your cell phone. >> the pure randomness of this show gets me every time. what is your age of aquarius. >> i'm going with viacom. it starts a while ago. but i'm looking at what mr. jacks today is talking about, the active investor. it is giving you a great dividend yield and the individual in terms of single-digit p.e. stock in the 70s. now in the low 40s. you have to own this stock. >> switching gears. from warp speed, carl icahn has gotten crushed by his energy hoerlds in the past year and traders are betting on more painful one stock in particular. dan is at the smart board with today's "options action." >> that is chesapeake energy. when the stock was 3 and a quarter. there was a roll down. the trader sold 5700 of the puts at 99 cents and opened 15,000 of the february 3 puts for 43 cents. those break even at $2.57 n. a month, down 20% from here. to pete's point, he is pressing the short in these names. i superintendespect this is pro. the stock has lost 30% of the value in a week and it is a capital s

but when you look at the bloomberg terminal, what are you looking for that gives you signs of things lizing and turning the other way? >> i look at the u.s. jobs report. i don't think the world is facing a huge global economic slowdown. i think there is a divorce right now between market internals and the economic outlook. ist i fear as an investor the negativity brewing with markets impacting economic confidence. that will be very crucial over go next three weeks when we through a reporting season. we will see what corporate is telling us. corporate invests in opportunities to grow their own businesses, improve margins, and grow earnings. that will be key to markets from here. the lack of growth or lack of potential is always stressing the market. anna: is your strategy about the individual stocks? do you like the individual stocks in the telecom space? what is it about these companies right now, are they investing? >> all three of those subsectors are growing independent of market outlooks. the telecom market is undergoing internal reform. regulations are getting less onerous. prici

you during the next hour.... the results are in... usda gives us our final look at the 2015 crop and it's not as big as what traders thought. a flood of forced grain sales how many farmers do you think moved their grain in this area? "erybody, everybody." our farm journal report shows us why farmers werne't taking any chances wi the mighty mississippi's swollen banks. we're on the road with machinery pete... our biggest challenge is used inventory but it's an opportunity for the customer> we'll talk about the hot buys in the equipment sector for 2016. and in john's world... now for the market related news, grains saw life anticipated. usda's released the final numbers for the 2015 crop. the agency lowered the corn production tally slightly. it comes in at 13-point-six billion bushels. usda dropped the national average yield by nearly a bushel to 168-point-four bushels. the department also lowering soybean production to 3 point 9 billion bushels, still makin

if you look back on the price of oil and forward on the price of oil, you come to two conclusions. y volatile. discern a is hard to trend looking backwards, it is hard to discern a trend looking forward. we are talking about a much longer time horizon for these investments. you have very big oscillations. you look at the other side, you have room at robles trending strongly downward -- you look at renewables trending strongly downward. francine: we were speaking to the ice president of the commission and -- of the -- we were speaking to the vice president of the commission in charge of -- how much will investment be delayed? i know it is a 5, 10, 15 year horizon but it will have an impact. nicholas: i think it will be honest. the last couple of years you have seen around the world, electricity is more than half in the renewable area or if you look at energy efficiency, which is 40% of what we need to do -- electricity is an important part, and it is moving strongly in that direction. if you look at energy efficiency, that is something where people's understanding of technology is mo

as you look ahead through the next cycle, budget cycle. but that could change based on the environment. but our assessment on the 980, et cetera, was looking at the world we see ten years out, assuming all that stays relatively static that's the size of source that if modernized appropriately and ready would be appropriate for that future. >> dan parsons, defense daily. >> you mentioned that the report as a whole recommends -- the recommendations would involve a net cost above what's available now. but given that it might be ambitious to achieve all of it, do you have a priority of recommendations that you would like to see accomplished such that you would feel that the commission's work was not done in vain? >> well, in general, i think no matter what happens i don't believe the commission's work is done in vain. it is our hope we inform the discussion and the debate. none of us at this table are decision makers. that rests with the senior leadership in the department of defense, department of the army, the commander in chief in the admini

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and if you look at the lows that we had today, that you just quoted, this would have been the worst first two weeks, two and a half weeks of the year that we have ever seen. if we actually look at the lows through today. if not t would have been the worst since the global financial crisis. so this kind of a down draft in such a short period of time is very rare. and so the question from our perspective, is this indicating something real or is this actually more of a sentiments shift. >> rose: is there a dirchesz between financial markets and the global economy per se? >> that's a very important question. because sometimes if the financial markets are very volatile and you end up with huge down drafts that last a long time, they do tighten what we coo call financial conditions. meaning there is a quf dense-- confidence effect in terms of consumer confidence. there is an effect on c.e.o.s as they think about their businesses, if credit conditions are tighter, that means it's harder for companies to borrow money. so if financial conditions tighten too much, then it will have an effect on the

you look at apple trading under ten times. at's a deal to us. >> doesn't that fly in the face of what you just said? >> you have to think about what is the growth rate. i think what a lot of investors are doing is looking at the chinese stock market and then saying because of all the volatility there, we're going to see this enormous drop in chinese gdp. we don't think the drop in chinese gdp will be as considerable as what we see in the market. we think growth is slowing in china. if you look at qualcomm, a lot of investors have punished this stock for the exposure to china. >> stay with us through the roller coaster of the markets the past few weeks. there is one sector that's performing better than the broader market, and that's media. julia borestein has a look at why. hey, julia. >> hey, carl. that's right. disney shares have had a rough start to the year. they're off about 8% on questions about espn and the cable bundle. the other biggest media giants have held up better than the rest of the market. time warner shares are

if you look at where credit spreads are in the investment-grade space, you are looking at yield of 7.5%0 basis point spread for those companies. last time these companies tapped the market in 2014, you are looking at sprint and 125 basis points. you're considerably higher there. i think you wait until this gets better. we get a floor on oil, may be some upward traction, then they can come back to the market. alix: you are very calm. thank you very much. scarlet: coming up, what you need to know her tomorrow's trading day. ♪ scarlet: i'm scarlet fu. "what'd you miss?" are we recession and? it is the question we have been digging into throughout the program, and it might be best summed up by the first guest we had. here's what he had to say about the on the u.s. was getting into recession. >> i am not saying we will never had a recession or that we can't, but current data does not support the idea of a recession. there's a whole bunch of data points you normally look at that don't support it. there is fear in the markets, and as a result, any piece of information is a narrative. --x: and