bloomberg tv. ♪ guy: live from london, i am guy johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." we are joined by the chief strategist at investment management. we are getting reaction all morning long to this jobs report. was it a disappointment? >> disappointment on the headline, but it was n.y.c. month. we heard that from every -- it was a noisy month. we heard that from larry kudlow on your segment. we did see the unemployment rate go down and we saw which numbers go up by a nice amount. coupled with a low inflation rate across the economy, it is pretty good news. vonnie: we are seeing the market drop again today, s&p down .9%, eerie echo of 10 years ago, perhaps. is this something that will be sustained? terrific, had a terrific rally of the low of this you, and it was a v-shaped rally, where you came straight down and went straight back up. it is the fourth time the market has priced a rally and couldn't quite do it. thee is a risk probably to 2650, 2640, if only because it was such a ferocious rally. that is pretty much typical for markets and recoveri

from new york, i am vonnie quinn. and from london, i am guy johnson. vonnie: you're in westminster because we are awaiting a crucial vote. let's take a quick look at u.s. markets. we are going to talk about bowing because we are another down day on the stocks down, 4%. there are more regulatory bodies 737s.ing this hour it has been the european aviation authority. the faa is holding by its position that the boeing airplanes are airworthy but we shall see how this pressure piled on and whether it changes the faa's mind. itnload than 7% after downgraded jp morgan. a recent acquisition and -- questionable. wells fargo on the board moving tim sloan is on the hill talking about the sales practices in recent years in front of the house financial services committee. we are going to hear from marathon asset management ceo bruce richards. two big stories that of europe. downt, that is why we are at westminster and also what is happening with this boeing story. the u.k. -- the evolution the u.k. has had on this is changing. let's talk about the pound taking a tumble earlier as a the advice o

guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." let's get to the global markets. a nice rally today. abigail: you are right about that. take a look at the global rally. 1% withand nasdaq up the s&p 500 on pace for its best day in a month. not that on pace for its best day since the end of january. the bear's check that we had last week, the worst week of the year, broken by the bulls. it started in asia, shanghai composite up. with the dax also higher. the bulls out on the day, hoping that there is economic light, considering the better-than-expected retail sales in the u.s. for the mother january after a plunge in december. and where we have a performance, the technology space and chips. take a look at stocks over the last two days. lastly, the worst week of the year with lots of selling of high beta names, but right now it is up 2.2% on the day, outperforming other major averages. we have a deal on this monday. take a look at mellanox, up 8.4%, being bought by nvidia for $6.9 billion, 14% premium. investors think another bid will come in, but nvi

. ♪ ♪ guy: live from london, i'm guy johnson. vonnie: and i'm vonnie quinn. this is bloomberg markets. u.s. equities, let's get the global markets. abigail: we do have the major averages in the u.s. up. the nasdaq up about 3/10 of 1%. the nasdaq had actually been up more than 6/10 of 1%, so investors paring those gains just a little bit. but we have seen a rally over in point 1%.ne emerging markets up 2/10 of 1%, but we do have gains for investors, opel about some sort of positive trade deal between the u.s. and china. everybody is watching 2800 on the s&p 500. let's watch it on the shanghai composite. a greater than one year chart in the bloomberg. shanghai as of last week, up 6.7%. its best week since june, 2015. for the shanghai composite from last year, the beginning of last year, down more than 32%. the s&p 500 down about 20%. those greatly underperforming the s&p 500, but interestingly, both indexes have been hanging out around resistance at 2800 on a week of last week. you can see the shanghai composite clearly above it. the s&p 500 flirting with levels of resistance but it could be

and 30 minutes into the trading day in the u.s. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: lots going on in these markets. the s&p 500 down 4/10 of 1%. it is not such a dire story for the dow right now. i handful of stocks higher, including boeing. the worst, fedex performer, down 6%, the second downgrade in six months on its outlook of global growth. we also have general mills performing very well today, the best in the s&p 500 right now. it's premium pet food line is going to help it going forward, and it is raising its guidance. flat, earnings seem to be so not a lot to write home about. i did want to point out forward, automakers and -- point out generaltomakers in down today, experiencing a blowback on a story on how explorer owners are experiencing migraines and there is an investigation ongoing. guy: european automakers also trading lower today. bmw in particular trading down on its outlook statement. european stocks at session lows on the day. we are watching at the moment the pound falling. in fact, the lights

30 minutes into the trading day. from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is "bloomberg markets." for moree are waiting high-frequency data in the u.s. current conditions for the university of michigan index a little disappointing, but the overall headline numbers beat expectations, 97.8. this will do something to offset the perhaps disappointing data we got earlier in the session, although the previous month's ip data was higher, which also offset things. the nasdaq is doing pretty well in today's session. the s&p 500 is up 3/10 of 1%. we did get the 10 year yield moving below 2.6%, down as much as another basis point earlier on. that arehese stocks causing all of this, qualcomm up at 10% in today's session after meeting expectations. we were expecting a downgrade with all of the uncertainty for chipmakers. adobe, though, disappointing. it was a tale of diverging tech stories. guy: is this the day the s&p breakthrough that resistance? it is witching day, which means we are trading on very high volumes on both side of the atlantic. the stoxx 600 of by

vonnie: 30 mins into the trading session in the united states. from new york, i am vonnie quinn. >> and i'm guy johnson. welcome to bloomberg markets. >> new-home sales coming out. there is the imap services meeting. we were anticipating a bounce back after the end of the partial government shutdown. 59.7 are the numbers. looking for 57.4. new home sales beating -- up 3.7% versus the expectation that was down 8.7%. those homebuilders have been rallying. let's take a look at markets and what else is moving. the s&p 500 down .2%. retail will be strong. little bit of uncertainty on the horizon. guy: uncertainty surrounding the brexit story. there was an expectation of a meeting later on and michelle barnier, the eu chief negotiator would deliver results. cold water being poured on the story and cold water being poured on the pound. cable trading down .4%. that is giving the ftse 100 a boost. the dax is trading below average volume. starting to pull in banks allowed europe from austria to the netherlands to the u.k. banks are trading lower on that story. we'll come back to that in going to

30 minutes into the trading day. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: the s&p 500 down 3/4 of 1%. the dollar index is close to its high for the year. we can thank mario draghi for that. suffice it to say that both euro and british pound are much ofer, the two big components the dollar index. kroger is down, the biggest dragger on the s&p 500. margins a little but of an issue there for kroger. estee lauder is bucking the 1.1%,for retailers, up getting a great outlook for china. jp morgan is upgrading estee lauder today. tell us more about the ecb and mario draghi. guy: mario was much more dovish than the market anticipated. we also got a deferment of the raising of rates from the ecb. we are not going to get a rate rise in 2019. downgradednificantly their economic forecast, particularly for 2019, which is a really big deal. the fact they didn't significantly change for 2021 implies a certain degree of panic at the ecb. the market has reacted reasonably strongly to this. here is the session chart of euro-dollar. of 1%

2:00 p.m. -- it's 10:00 a.m. in new york, 2:00 p.m. in london. from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is "bloomberg markets." vonnie: the market is looking positive .1. 1% forup about 2/10 of each of the indices. that data will add to the idea that perhaps not all of the data is weak. fomc members17 saying there won't be any other rate hikes this year, up from just two in december. saying this morning that yields should be within the 2.4% to 2.6% range if that is the case. indeed, we did see yields come down. look at the 10 year right now at 2.52%. a good eight point basis point move overnight. the dollar index recovering some of last nights losses -- some of yesterday's losses overnight. plenty of stocks moving. one major drag today is going to be biogen. it is attracting the wrath of after an outsider treatment didn't appear to be working after stage two. we will be speaking about that in a moment. stoxx 600 got the down by 2/10 of 1%. the reason for that is that the banking sector is really down quite hard today. deutsche bank trading down circa 3%

westminster. this is bloomberg. ♪ guy: from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." guy: the house of commons will vote on the revised brexit plan, 7:00 p.m. this evening. if they reject the deal, how will the markets react? the head of investment strategy at rbc wealth management joins us. good afternoon. it is likely that theresa may is likely to be defeated this evening and it is likely that we will get a delay in the brexit process, more uncertainty for u.k. assets. what do i do if i want to invest in the ok, do i wait? what is the strategy? >> we think that a delay in brexit would be positive for the currency, and for risk assets in the short-term. clearly, the uncertainty would remain. it does not mean that no deal would be off the table completely, but in terms of voting and the cliff's edge, we think there would be a relief. guy: if we get a general election, how would that change things? >> that is a lot of unknowns. we believe that a lot of uncertainty is discounted particularly in equities come if you look at valuations -- in equit

york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: there's some breaking pending home sales data. we are seeing that pending home sales are down 1% month over month, more than what the market was looking for. it was looking for a decline of 0.5%. once again come a home sales down 1% month over month. previously, pending home sales 4.3%.p a little more volatile than the rest of the data. we will have a look at existing home sales and other data for a better indicator on housing. the s&p 500 is back above 2800 today, up about one third of a percent today. higher.lso the 10 year yield at 2.39%. u.k. yields are down. the commodities index is down today. we have been trying to make a bit of a bounce since the beginning of the year. it was up a little bit the last few days, but given that commodities are going to be the first hit if new tariffs come online, you can see why the bloomberg commodities index, with aluminum and all of the other commodities in it, is performing this way. we will talk a little more about the kind of stocks a litt

30 minutes into the trading session in new york. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: democrats on the hill are digesting the contents of the barr letter. everything from what it will give the president and his trade negotiations to what the climate will be like in washington, d.c. in terms of policy going forward and posturing. of course, investigations continue in new york. the s&p 500 down 4/10 of 1%. we've been watching the banking index. kennett bounce back? are banks -- can it's bounce back? are banks oversold? apple has a big event today, as we've been talking about. down 1.6% as of now. chip stocks in general are lower today. deutsche bank downgrading akamai. we will be looking at that a little later as well. guy: we have negative equity markets, a continuation of what we saw friday. the big repricing that went through the markets friday certainly reverberating, but signs of stabilization i think, as well. the stoxx 600 down by about half of 1% today. we have the german ten-year in negative territory, basic

. from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." guy: big reaction to draghi. the euro falling sharply, the dollar strengthening. ato-dollar now trading $113.32. we are seeing a rotation out of -- trading ats 1.2132. we are seeing a rotation out of cyclical stocks. banks initially moved higher on the announcement from the tltro, and quickly nosedived. the 10 year yield now trading at just seven bits. big move today. german curve flattening, not good news for europe's banks. it was a much more dovish draghi than the market were expecting. vonnie: in the u.s. we are seeing stock indices down by about 1%, or a little less in the case of the s&p 500. fromollar index coming highs of the year off of euro weakness and sterling weakness today. we will be talking about the ecb all day long. another story that is obviously catching our tension today is kroger, down 12%. we spoke with the cfo earlier, who said investors are reacting to several things. he said that investors are probably just overreacting slightly that t

>> it is 10:00 a.m. in new york, 3:00 p.m. in london. i am vonnie quinn. guy: i am guy johnson. welcome to bloomberg markets. vonnie: a lot to talk about today, including the latest brexit developments. breaking data on u.s. housing. there has been some weakness. today, the national index of homebuilders coming in at 62, just shy of the estimate of 63. last month was also 62. there are some signs of weakness. the s&p 500 is up 0.4%. it is that it's such an high. boeing is having -- it is out of high.on boeing is having an impact. a study with beneficial results for that company. the dollar index is 1.2. it is down for its sixth session in seven. a little weakness today. sterling is 0.5% weaker today. we are seeing euro strength. we are watching sterling. guy: we absolutely are. we are seeing a bid helping out the euro. up 0.2%.stocks are we saw the breakout friday in u.s. assets. we will talk about that. the cable rate is lower today. we could get news in the next hour or so as to whether the third attempt by theresa may's government to deliver victory in her brexit plan is goi

york. i'm vonnie quinn. from london, i'm guy johnson. welcome to bloomberg markets. vonnie: the bank of canada is about to announce its interest rate decision. no change from the bank of canada. that was anticipated. interest rate staying at 1.75%. the impacta look at on the canadian dollar. it is continuing to weaken further. 1.3 for a moment ago. it was about .25% weaker than the american dollar. in terms of how u.s. stocks are performing today we are a little lower on the major indices. the s&p 500 down .2%. a 24 hour reversal. first it was a deal with willis towers watson and then given irish regulations, aon had to confirm that was happening and they are not going ahead with it for right now. the worstan is one of performers in the s&p 500 down 4.6% after sales missed for the whiskey maker. course giving back some of the gains of yesterday. it is the worst performer in the s&p 500 right now. nothing is moving in europe at a headline level today which is fascinating. what we got earlier on was a spike around the bloomberg scoop that the ecb star projection tomorrow's are goi

, i'm vonnie quinn. this is the "european close." let's get a check of the markets. in europe, a topsy-turvy day with more brexit news and economic data with the ftse 100 ending the session up 7/10 of 1%. cac 40 is up 8/10 of 1%. dax up 6/10 of 1%. in the u.s., the treasuries saw a bid today after economic data, the 10 year around the 2.60 mark. and the s&p 500 is up .5%. and broadcom up 10% after great earnings quarter. some problems on the horizon in terms of demand for --. guy: now more details on europe. the stoxx 600 up by .5% at the moment. trading on big volume, which is significant and worth paying attention to. and the cable rate continues to push on, although there are many out there who believe it is going to be a bumpy ride for sterling going forward. we will talk about that in a moment. of those mentioned in a city note, ryanair is a big operator of the 737 and as a result of which it is suffering today, down by .5%. vonnie: let's go to the brexit update. it has been a big week in brexit land, theresa may has won some time on a final push for her rejected brexit deal

, i'm vonnie quinn and this is the "european close" on bloomberg markets. guy: stoxx 600, we do have energy stocks performing well. oil prices are elevated. the pound fading and earlier rally. comments from the head of the hard brexit caucus within parliament, it does seem that despite the fact that he is indicating he could back theresa may's withdrawal deal the dup are not and as a result the earlier rally is fading. we are risk on around the world. tradingghai composite below 3000 and down 1.5% overnight. one standout stock story is wirecard, the german fin tech coming out with comments the external investigation into its accounting finding no significant wrongdoing as a result of which you can see the stock carping -- the stock popping quite sharply. jason: the s&p 500 is up as are the other indices. we have the 10 year yield at 2.34%. two your option coming up at 1:00. viacom is getting a bounce now that the at&t dispute has been resolved. also the on the earnings picture it is positive for viacom. performers,orst carnival is having a halo effect on the cruise companies. guy: le

am vonnie quinn. guy: significant changes in the brexit story. the speaker of the house of commons has decided theresa may cannot bring her bill back for another meaningful vote, as a result of which we are in a limbo land trying to figure out exactly what will happen next. we will give you a bit of analysis over the next few minutes trying to understand what will happen. the pound has fallen. down about .5%. a bumpy session for sterling. european stocks are reasonably flat. a decent move on the back india last week. the other story we are watching his deutsche bank and commerzbank. we understood these will perceive with a possible merger. commerzbank rising as well as deutsche bank. these two adding to the dax. been weakerling has all morning in anticipation of what the speaker might say, staying theresa may cannot bring a meaningful vote without changes. we'll have to see what will happen in the next few hours. in the u.s., we have the s&p 500 just barely making gains, about 10% higher. boeing drags on the s&p 500. down more than 2%. the faa saying maybe boeing had too much contr

10:00 a.m., 3:00 p.m. and london. from new york, i'm vonnie quinn. guy: and from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: we have breaking economic data. getting isn manufacturing data missing estimates by a little bit. 54.2 is the headline number of the market was looking for. employment came in at 52.3. miss.as a big mess -- a second month under 50. of estimateshy with ism manufacturing. sentiment figures, coming at 108 .5. let's look at markets. we are getting a nice balance -- a nice balance -- a nice bounce. gas is up 21%. ist locker is up 8% and ebay undertaking strategic review. walgreens is the worst performer in the s&p 500. guy: let's talk about what the market is doing. it is fascinating the market is badring the bat data -- the data. the good data came out of china. bottoming down in the chinese data. in see that reflected economic factors around the world. 2.2%.i 300 up by a very positive reaction to the positive data. european data, the cpi number not very good. there is no inflation at the core level in europe. the euro-dollar is trading hig

european trading day. from young and -- from london, i'm guy johnson. vonnie: and i'm vonnie quinn. this is european close on bloomberg markets. to be thet seems story dominating the agenda on this side of the atlantic. european stocks are lower. they're basically flat on the session. we are seeing weakness in the banking sector represented across europe from the u.k. into france and germany. stocks like deutsche bank trading down. one of the banks behind that is what we are seeing in the bond market. we continue to see strength in the european bond market. take a look at where we are in germany. just .04 asen-year we potentially approach zero. the brexit story affecting the cable rate, the pound versus the dollar. we are down .9%. is the market repricing the possibility of a hard brexit for the u.k.? , thee: over in the u.s. s&p 500 making fresh gains, up point 75% -- up .75%. after the fomc, yields lower by eight basis points. in thewould need to be 2.40 22.60 range to reflect what went on yesterday with 11 of 16 members not seeing any increase this year. jan -- biogen alzheimer's drug

european trading day. from london, i'm guy johnson. vonnie: and from new york, i'm vonnie quinn. guy: let's look at the markets in europe. the stoxx 600 down 1/10 of 1%. suggesting the ecb will downgrade the forecast tomorrow. justify theough to governing council delivering long-term financing for the your pain -- for the european banking sector. we saw a big spike in the banking sector that has now unwound. we saw a big story with the euro versus the dollar, which has unwound as well. the market has gotten to the parts -- has gotten to the point that they believe brexit is coming and is creating a knee-jerk reaction, telling you where positioning is. volume today is ok, but that is a factor into that story. vonnie: in the u.s., let's look at currencies. dollar, keeping interest rates steady after the canadian economy slowed at the end of last year. losses down one third of 1%. keep your eye on aeon that decided it would not go ahead with any takeover, and the stock is taking back some of the losses. 4.4% to be exact. , sales missed estimates. ratchet that to back because of tariffs.

: it is 6:00 p.m. in london. i'm vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the stores on the bloomberg and around the world we are following. theresa may facing a potentially catastrophic defeat for her brexit strategy as members of parliament lineup to attack her revised deal. we have an exclusive interview with the former u.k. minister in a few moments. a has been advocating for second referendum on brexit or we will get his take on the latest development. and energy secretary currently energy secretary joins week.m cera we are talking about how venezuela could affect the oil market. let's look at markets as we approach the halfway point in the trading day. the s&p 500 holding onto gains. 6.8% as country after country in europe and also down flights, saying they will not allow those jets in the air. the faa is thwarting bowling and saying it is waiting until it has more information before it makes a decision on what to do. it says those jets are airworthy. wells fargo has been on the hill, down 1/10 of 1%.

and 30 minutes into the trading day in the united states. from new york, i'm vonnie quinn. guy: from westminster in london, i'm guy johnson. welcome to "bloomberg markets." vonnie: it is all about the votes this week. there was a vote yesterday, defeat for prime minister theresa may. there is another vote this evening, and we may see more this week. we will talk in detail about brexit in a few moments. first, let's take a look at where we are market wise. .5%.&p 500 up today the 10 year yield reached the 260 mark overnight. it is back to 2.62 now. boeing seeing a tiny bit of a come back here. it dropped 11% over the last couple of sessions. getting aorporation bit of a boost after goldman sachs upgraded both carnival and royal caribbean. a big focus on the u.k.. as you say, another brexit book today -- brexit vote today. that we willng in see a likely extension of the brexit process. that is certainly being priced into the pound. rally.ontinues its trading. where we are the pound goes up, the ftse normally goes down. the ftse 100 today actually trading reasonably in line with i

new york, i am vonnie quinn. guy: i'm guy, this is bloomberg markets. vonnie: samsung issuing a rare profit warning. they say this is short of estimates. the stock is slightly lower in korean trading. joining us now is our guest from bloomberg intelligence. how serious is this? in the u.s. chipmakers have been on a roll. does this put a dent in the performance? >> i think under pressure is the manufacturer today. company, it'se somecult to figure out -- people are feeling comfortable. there is clearing production which is slowing down. 2019, the pressure should be used, and the big question is whether there is a demand for chips and screens will start to increase. this is really brought in some fresh growth. let's say things bounce back, how aggressive would history dictate that the bounce back could be? think every cycle is different. i think we see this in the next round of smartphones. that willthe things really drive demand. thing ishe interesting that we are struggling with 5g. in 2020, we see a flurry. this is back together with all of the ai. and this could all drive the

european trading day. from london, i'm guy johnson. vonnie: i'm vonnie quinn. this is the european close on bloomberg markets. guy: let's talk about the european space. we have the pressure on the pound, that is elevated the ftse 100. the pound is down .8%. the sense seems to be the positioning is light because you are getting all kinds of political developments and you're not getting a massive reaction in the pound. most of the market has now stepped back. you also have to step back from the turkish lira. that is for different reasons. the authorities in turkey have made it difficult for the international community to trade the turkish lira. today we have seen another leg lower, the dollar to turkish lira rate rising by 3.62%. one of the other big stories we've been covering, swedbank firing its ceo earlier on. the stock has been suspended throughout most of the day. it is just reopened. reopening down 8%. vonnie: heading toward the end of the month. the s&p 500 is barely holding above 2800. down fractionally today. the 10 year yield is back up to 2.39%. going in the opposite dire

london, 2:00 in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories. insight? china and the u.s. hammer out specifics of a breakthrough trade agreement that could lift tariffs. defiance. the currency remained strong after president trump complains at a rally over the weekend. want to you which new york city neighborhood is among america's richest zip codes, and it is not billionaires row. stocks started out with a nice bounce. at this point, halfway into the trading day, you could call it a nosedive. taylor: we are down there the lows of the session, getting some positive comments about trade, comments from trump about nonethelessbut weaker. perhaps some profit taking after a big run-up. we are up anywhere from 10% to 20%. perhaps some concerns about the details within the trade deal. trump commenting that he wants a weaker dollar, and that is not happening. we have some strength in the dollar. in the last month, i would call it a range bound. take a look at the intraday chart of the s&p. at the lows

. it is 1:00 in new york, 6:00 in london, 2:00 in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. an earnings bull's-eye. target reporting strong holiday earnings sale and a rosy full-year outlook. in a moment, we have an interview with chairman and ceo brian cornell. estimating the impact of the fed balance sheet unwind. a fixedspeak with income specialist about what is next for investors. and unloading hurt. carl icahn's splashes his stake in the car rental company. target delivered better-than-expected earnings. emma chandra is standing by with the ceo at investor day. you. thank i'm here with brian cornell, chairman and ceo of target. thank you so much for joining us today. as you can tell, i'm a long way from home, but you grew up just over the water in queens, and you brought target back to new york for your financial community meeting after reporting the best for your comparative sales in a decade with a rosy outlook for 2019. t back?rget habits targe i t

, i'm vonnie quinn. guy: from westminster, london, i'm guy johnson. welcome to "bloomberg markets." we are outside parliament. the u.k. parliament has finally decided to take control of the brexit process. at least temporarily. it is preparing to vote on rival plans to theresa may's deal. the aim is to find a divorce agreement that could get a majority, something the prime minister hasn't been able to do. how will these indicative votes how will these indicative votes work? vonnie: there's going to be a series of them mp's can put guy: the chosen ideas will then be put to a ballot, and choose as many as they like. the results are due to a be choose as many as they like. the results are due to a be announced may be a half-hour after that. monday, they will take a look at two or three of the closer ideas -- take a closer look at two or three of the ideas. vonnie: the ftse 100 down about 1/10 of 1%. in the u.s., let's dig into all in the u.s., let's dig into all of the geopolitical risks weighing on markets. we are joined by the chairman of strategis. plenty of demand for the two-yea

appointment windows. click, call or visit a store today. ♪ vonnie: live from new york i'm vonnie quinn. gus: from london i'm gus johnson. this is bloomberg markets. a first news update. >> newly released documents give more insight into the f.b.i. investigation of president trump's former lawyer, michael cohen. that he was being investigated for nearly a year before federal agents raided his home and office last april. he's pleaded fwilty to tax he evasion and making hush money payments to two women who alleged they had affairs with president trump. he'll start serving a three year prison sentence in may. there is word u.s. officials began exploring a an investigation into how the boge 737 max was certified to fly before the latest crash. bloomberg has learned the probe was prompted by information obtained after indonesian crash in october. boeing engineers cleared the equipment at the center of the crash investigation. hundreds are dead, many more missing, and thousands at risk from massive flooding in mow zam being, malawi and zimbab yea ause canned by a -- zimbabwe caused by a sigh loan.

york, six :00 in london, 2:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories. u.s. stocks take a divot in the last three minutes as bloomberg news reports exclusively that some u.s. officials are concerned china will walk back trade pledges. china is also said to be excluding boeing's troubled 737 max 8 from its trade deal with the u.s. u.s. roadshow. the leader pitches the country to the u.s. hoping to expand trade and will back investors after foreign money fled the country last year. we will take you long to the joint news conference with president trump later in the hour. first, let's get to that dipping u.s. stocks, halfway into the trading day. >> area are with the major averages at this point up .3%. .7%,e highs of closer to so some real gains. exclusive news to bloomberg that seeings. officials are the idea that china could walk back some trade deals. we will be looking at the s&p 500 momentarily. .6%,at the transport down on the railroads being cautious. at the highs for the s&p 500, u

in new york, 5:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." on bloomberg world for critters in new york, here are the top stories around the world. special counsel robert mueller clears president trump of collusion. how are market digesting the latest on a washington, d.c.? assuring a new era for apple. tim cook takes the stage in silicon valley. the street expecting the announcement of a streaming video and news suppression service. u.s. officials traveled to china later this week for further trade talks with chinese officials. how far are we from a final deal? halfwayiggs is with us, into the trading day where there is some choppiness. fluctuating between gains and losses. right now certainly in a loss. global risk off rally, pushing all of the flight into bonds. not helping the equity indices that we are looking at. the russell 2000, the small-cap stocks, even stronger with the weaker dollar. these are insulated from the global growth concerns we are seeing. within the s&p 500, we mentioned off or 2%. some of the biggest losers ar

bloomberg. it is 1:00 in new york, 5:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories from the bloomberg and around the world. u.s. stocks trading slightly higher to start the week as investors look to the fes decision and conference on wednesday. better up. sports kicksof off, talking to the president of the new york yankees. iswill explore how venezuela trying to lower its oil workers back. that is all in the next 30 minutes. first let's get a check on the market with abigail doolittle. investors treaded water, we had big gains earlier today and then we were slightly lower on brexit uncertainty. at this point the bulls trying to push how -- higher after the best week of the year last week. typeare optimistic, that of volatility is necessary with the huge rally we are having this time of year. he expects it to continue perhaps on the fed. the neat that, take a look at what is happening sector wise. six up as opposed to five down. financials, energy, consumer discretionary, and

european trading day. from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." guy: let's talk about the market yesterday, a strong rally in the pound. the pound is volatile at the moment, more so than other currencies. we are backing a little lower, the cable rate trading down by over .5%. it was stronger yesterday. and european stocks are well bid, same level for the most -- for most of the afternoon. out ofak data overnight china and as a result of which some of the main metals contracts have weekend. -- weakened. that is feeding back into the miners. generally, european equities on the front foot. vonnie: we are watching for the beginning of those votes which will take place today in parliament, and the dollar index is higher, weaker sterling. delay shouldn on a take place in one hour. the s&p 500 is up 1/10 of a percent. and a lot going on with the general electric up more than 3%, having been much lower in free market trading earlier on. a guidance call from ge. first of all, given investors the jitters, then reassuring investors that

>> it is 10:00 in new york, 2:00 p.m. in london. from new york, i am vonnie quinn. >> from london, i am guy johnson. welcome to bloomberg markets. vonnie: things to daylight savings time. it's checked the markets here in the united states pivot down on the s&p are widely diversion. this is because of boeing. down one quarter of 4%. two thirds ofby 1%. talking about an increased homebuilders, would users? trading at the top of the range at the stoxx 600 right now, we do have the banks on the move. trading very strongly. keep an eye out. it is just speculation at this point. staying in germany, a boon on the markets. a lot of speculation that could be heading. correlation with what comes out of china. funny was mentioning what was happening with boeing for we will talk about that in a moment. part of the cfm. vonnie? the -- the crash over over ethiopia rattling. flight 302.airline killing all 157 people on board. boeing's second -- cfra, he has a strong rating on boeing with a price target of $500 per share. he joins us in new york. does this impact boeing's outlook? >> yes. like yo

xfi. simple. easy. awesome. xfinity, the future of awesome. ♪ live from new york, i am vonnie quinn? guy: can from london, i am guy johnson. let's get a first word news update with kailey leinz. kailey: president trump says the federal reserve should hold off from further interest rate hikes. he also said his doesn't think his criticism on the central bank has an impact on policymakers. >> i hope i didn't influence them. it doesn't matter, i don't care if i did influence of them. one thing, i was right. they tightened. they did $50 billion a month. i said, what are we doing here? kailey: bloomberg has learned president trump is considering to put more conservative economists on the federal reserve board. he is a close friend of the white house economic adviser, larry kudlow. in the netherlands, prosecutors say that the man being held on mondays shooting in utrecht has confessed. he killed three people on a tram and wounded three others. prosecutor said he has told them he acted alone. there are concerns that there is a deal getting closer with china. up to china'sn belt and road initiati

european trading day. from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european close. guy: european stocks tracking lower. we do see a focus on the brexit story plus idiosyncratic stories affecting markets. one market in particular, the dax is suffering. the pound is trading lower. a statementipating from the head of the european council shortly. bio is the big corporate story. a massive moves lower for the german chemical company. this relates to the roundup story, a weed killer related to cancer, there relates to the acquisition of monsanto. the stock tracking lower. the other big story out of ceope is the warning of the of the business, saying the last quarter was one of the worst in recent memory. that stock tracking the banking sector down in europe. david: in the u.s. -- in the u.s. -- vonnie: in the u.s. we are two two hours from the fomc decision. than .5%.0 down more fedex is down more than 5% after saying the outlook is uncertainty in and it is difficult to know what will happen with revenue going forward. viacom down 5%, dragging on th

york, i am vonnie quinn. this is the european close. guy: a global story that is very interesting. stocks are down by .8%. cyclicals are under pressure in europe, started with draghi and the ecb yesterday. we have many stock trading down, banks trading down. oil companies are also trading down. it is interesting, it is a risk-off kind of session. the divide is there in the foreign exchange market. dollar-yen on the move today. the dollar coming under some pressure. the big one is the chinese market. . it saw a real depth earlier on. we saw some week trade data trade out -- some weak data, and that kind of set off a domino effect throughout the rest of the market. over $300 billion oil off the chinese equity markets. the csi 300 down by 4%. come of it is well over 20% year-to-year. vonnie: we're keeping track of post payroll market reaction. . there was a bit of a mixed bag. it is another day of declines. we are 10 years past that bottom in the markets, so there is a bit of an echo as well. the dow jones industrial average is down .5%. of the s&p 500 down .7%. .6%.he nasdaq down co

european trading day. from london i'm guy johnson. vonnie: from new york i'm vonnie quinn. " on is "the european close european mark -- on bloomberg markets. guy: equities in focus but also the foreign-exchange markets a focus as well. that is probably vonnie's board we are looking at. the pound is under pressure. it has been a solid first-quarter for european stocks, up on average around 10%. there is the cable rate, trading softer. there's a large crowd gathered in westminster outside the houses of parliament. this is a pro brexit crowd. there are significant numbers of police in attendance. keep an eye on that. the stoxx 600 positive. it has been a positive start to the year in terms of the last quarter. european stocks outperforming by the united states and china. the scandinavian bank continues to be in focus. talking about the fact it will have an internal investigation with authorities. the u.s. is pushing the scandinavian bank. vonnie: it is getting more urgent by the hour in london. we will be keeping an eye on that situation after a third vote from theresa may was defeate

european trading day. from london, i'm guy johnson. vonnie: from new york, i am vonnie quinn. guy: it is letting quite ugly. a strong risk on move. you're seeing that on both sides of the atlantic and into the emerging markets. it started first thing this morning with that negative press on the german manufacturing pmi. that has sent the german ten-year into negative territory. you can see the yield in negative territory but the market trading and buying the german ten-year. the euro is suffering for that. the dollar is strong except for the yen. i will show you that in a moment. european equities are lower. on the stoxx 600 we are down by 1.26%. ftse is being hammered. i will show you what the gmm looks like. i have this setup up with the g20 global macro movers. turkey is a big mover. a big move against the em. central bank has tried to step in the way. that is not working but the brazilian real is trading lower. 100 is now trading down by 2.2%. european equities in general -- the cac 40 down 2%. and global bond markets, particularly the g10 bond market in focus. -- vonnie: the

minutes into the trading day in the united date. from new york, i am vonnie quinn. guy: welcome to bloomberg markets. bonnie: market -- vonnie: markets are unchanged. some stocks on the move in the first half hour of trading downgradellar general , making it the worst performer in the s&p 500. facebook down 2.1% after the new york times report last night and general electric kata roller coaster morning start in early trading lower and now higher after maybe some reassuring words from those in control of various units. we will talk about it in more in a few moments. of the big story is likely to be brexit. for you,ought up cable the pound versus the u.s. dollar rallying last night as we got the decision by mp's to take a no deal brexit off the table. theresa may talking about going back for a third bite on the meaningful votes and certainly -- volatility in the european stocks reasonably well bid. we are seeing metals under pressure, copper trading lower. weak industrial trading data out of china and week ip data around the world over the last few days . we continue to see week data

york, i am vonnie quinn. am -- welcome to bloomberg markets. we are joined by our audience. >> here are top stories from around the world. financials leading benchmarks lower as the yield and 10 year treasuries extend its decline. we will have the latest. >> the u.s. treasury yield curve is going -- is a popular recession indicator. and u.s. economic outlook has been thrown into -- reports showed weakness across germany. the yield of germany's 10-year has posed negative. looking at the major averages. you can see off our lows but 500 -- a real s&p cyclical rotation. it started off pretty slow and then gathered steam as we headed towards mid point in the session here you have stocks down. there are several that are higher. the ones that are lower are definitely. i want to point to the dollar index, we are stronger today. sterling is stronger. i know sterling and the euro are the largest components of this dollar index thomas sterling taking back if losses -- index, sterling taking back its losses. the euro is weaker today, most likely on the weaker economic data. amber: the market is

countries. i'm mark crumpton. this is bloomberg. ♪ >> i'm vonnie quinn. >> i'm amanda lang. welcome to bloomberg markets. here are the top stories. is shaping uprch to be one of the busiest of trading days of the year. air canada scraps its financial outlook for 2019. that after the grounding of the round -- boeing aircraft. why is more like a model jan. investors appear underwhelmed. >> let's get a quick check on the major averages. the s&p 500 is up. is responsible for most of the thousand gain. yield, it was sent down further. at some money going into treasury but we are recovering the 260 spot now. at anm looking interesting correlation between the dow and s&p. we often talk about the dow as the narrower gauge. often about how oddly constructed it is. while there are times of great overirgins -- divergence, time it is a closer to one correlation. very close to highly correlated. instead of being different one broad index and another narrow gauge, they tend to track very closely. >> one is market cap weighted and one is price weighted. one analyst called it one of the 20 craziest

is bloomberg. >> live from the world headquarters in new york, i am vonnie quinn. >> live in toronto, i am amanda lange. we are joined by our bloomberg audiences, and here are the top stories from around the world. shale, the u.s. economy added the fewest jobs in february 2017 even as wage gauge cited -- pointed to a tighter labor market. the prime minister is trying to do damage control in the wake of a scandal. breakup, elizabeth warren wants to split companies amazon,ebook and calling them anticompetitive. let us get a quick check on the major averages, and we have seen real reaction to some economic job that includes the forure, surprisingly weak the u.s. and we have seen that across the board, the s&p weak in every subgroup. the industrials are leading the way, but big tech and oil are standouts. he mentioned that decision by norway that is having an effect. we are some -- we are seeing some of the biggest names. the s&p 500 we are bumping around the 200 day moving average. the surprise was is that if this is an anomaly or not. this weakness is setting people back. vonnie: i am

london, i'm guy johnson. vonnie: and in new york, i'm bonnie -- i'm vonnie quinn. guy: we are back with janet mui. let's talk about europe. we sell weak cpi -- we saw weak see beyond dating chopping -- we saw weak cpi data dropping to 1.0. what does the ecb do with this? janet: the momentum is clearly weak. the ecb only have the current data to look at at the moment. they may take a more cautious stance and will revise down its forecasts. of course, the target of the ecb is inflation. the core inflation is at one. it has been stuck at one for the past two years. there is there a little underlying inflation coming underline little inflation coming through. they do want to normalize policy because rates are a negative territory at the moment. they want to put it back into positive territory. i think the ecb will filter a towards the very wantf the year when they to see better data coming through. they will probably announce some framework at their next meeting. vonnie: do you think there will be a tltro? janet: i think so. but they probably would not announce it at the next meeting.

vonnie quinn. johnson.y this is the european close on bloomberg markets. >> let's check the global markets. >> they are a bit mixed right now. a slight decline for the dow and the s&p 500. they are both on pace for a fifth down day. possibletion to a trend ship. look at the shanghai composite up. china recently put out a growth forecast of 6%. the lowest in decades. look at a bloomberg chart. this is the city economic surprise index. when it is up and tells you the data is beating expectations. now at the lowest level since 2012 on a number of mrs.. the european pmi's coming out better than expected. this could lead into that. upside,vers for the look at these retailers. the target is up. kohl's-ish up on higher. target is issuing a great outlook. revlon is a laggard for today. plunging down 22%. its worst day since 2017. the nielsen data shows worsening trends of for revlon especially over the last four weeks. >> iq. let's look at china. economist and strategists are weighing in earlier on bloomberg. pushere is a big fiscal with very little said about monetary policy. monetary pol

crash in ethiopia. this is bloomberg. ♪ vonnie: in new york, i'm vonnie quinn. guy: in london i'm guy johnson. ,vonnie: paul manafort has are saved his second sentence. it will be a total of more than seven years for paul manafort. now we will go to washington dc and the u.s. legal reporter who was inside the courtroom. andy, tell us about the judge and the comments the judge had for paul manafort. pretty tense, i imagine. andy: she was cross with him. she criticized him for lying both in the lead up to his being charged, after he was charged, after he pleaded guilty last year. she criticized him routinely for what, to her, even through the proceedings today seemed like a resistance, if not a failure to accept responsibility for what he had done. paul manafort gave a more heartfelt, a husky voiced allocution and addressed the judge today, expressing responsibility more forcefully than he did last week in alexandria. it did not really seem to help him, as the judge sentenced him to 60 months on one conspiracy count, and the illegal lobbying, and 13 more months on obstruction of justice

: from new york i'm vonnie quinn. " on is "the european close european mark -- on bloomberg markets. guy: equities in focus but also the foreign-exchange markets a focus as well. that is probably vonnie's board we are looking at. the pound is under pressure. it has been a solid first-quarter for european stocks, up on average around 10%. there is the cable rate, trading softer. there's a large crowd gathered in westminster outside the houses of parliament. this is a pro brexit crowd. there are significant numbers of police in attendance. keep an eye on that. the stoxx 600 positive. it has been a positive start to the year in terms of the last quarter. european stocks outperforming by the united states and china. the scandinavian bank continues

. ♪ courtney: live from london, i'm guy johnson. vonnie: and in new york, i'm vonnie quinn. this is the "european close." the mining board has rebuffed a proposal that would have created the largest gold producer. during goldberg weighing in. exposeir of would shareholders to risky assets, and there is a better way to do that through a joint venture that could deliver the value of our synergies through nevada operations. vonnie: we will go to danielle for a report from toronto. the story continues to entertain in a way. the idea of a merger is not closed off yet, is it? danielle: newmont has come back and they have absolutely rejected the offer that barrick made, which was unsolicited, $17.8 billion offer. telegraphed, i do not think anybody expected them to come back with great approval, but they took it to the board. today, they have officially rejected that. what they think is a better idea would be to see some sort of joint venture in nevada between newmont and barrick. they have assets that could join in nevada. they say that would make sense. they want to move forward with the

to meet these conditions. let's start with bruce richard, who spoke exclusively with vonnie quinn. ♪ about the are talking four largest economies in europe slowing and slipping toward recession. instead of normalizing rates the , ecb just recently set up keeping rates low for a very long time, which means they are pushing. rates are negative, treasuries are negative, and of the central bank actions are going to have no impact, zero impact, as it relates to gdp and economic expansion, because their tools have been spent. vonnie: but you had several investments in europe based on what the ecb might do. are you holding onto those? bruce: we hold the nonperforming loans we bought from big european banks. we have taken over property, and the property is performing well. because, what you have to remember is earning cash flows are pretty high, funding is the lowest cost in the world. and so we are earning a really nice spread, and as cap rates are coming down a little bit as , interest rates are moving lower, we are able to exit nice these assets at nice profits. it has worked out really well. w

york, i'm vonnie quinn. this is the "european close." guy: the hours a little different over the next three weeks, nevertheless we will have the close covered for you. european stocks are doing well and banks trading very strongly. banks leading the stoxx 600 higher. we are up. deutsche bank leading the charge. we may come back and talk about that. the german ten-year, we are trading at year lows. and highs in terms of the prices. and the boeing story dominated on both sides of the atlantic, saffron one half of the engine supply company. ge is on the other side of that. safran is trading down. vonnie: in the u.s., analysts urging caution on boeing, well