danny meyer gave us a tour of his new restaurant. abigail doolittle joins us with a look at the markets. abigail: there is not a lot of action for u.s. stocks. s&p, and nasdaq flipping between very small gains and losses today. we are looking at the smallest trading range this year for the s&p 500. trading so far in a range of less than four s&p 500 points. where we have

danny, let's move on to the auto space must specifically be truck division of vw. vw is having its own management shakeup. traton's ceo says this is a surprise. the former ceo is going to come in as a replacement. there has also been a shakeup at the ma and mann truck division. is there a succession in place, or is this just leaving and there is not really much of a strategy there? we have seen shares down about 3% market on trade date today. danny, we were talking a boohoo, thebout seller of an expensive clothing and accessories. what is their supply chain? factory ine was a leicester, u.k., not practicing social distancing, paying employees less than half the minimum wage. boohoo saying they are launching an internal investigation into their supply chains. it is not surprising they are doing this, because overnight they have walked a lot of different markets that normally sell boohoo clothes. at around 1:00 a.m. london time, amazon comes out and says they are not selling boohoo, so this is obviously a big hit to the retailer. they have said they saw inconsistenci

we're getting more market reaction with the global cohead of fx strategy at deutsche bank and danny blanchflower, dartmouth policy director of economics. danny comes to us from hanover, new hampshire. your initial thoughts on the fed? danny: well, my thoughts on the fed were -- here we go again. exactly as a year ago, saying we're going to raise rates. and abased on a wing prayer and hope on trump. saying rate rises are coming in 2017, just as they did not in 2016, so we will see. i do not think they were desperately transparent. it looks like they are hoping that trump is going to come to the rescue. i do not think that is how you should run monetary policy. they did not make it really clear, and i think they completely misunderstood what is going on in the labor market. millions of jobs away from full employment, hence why people voted for trump, all these people who want decent jobs and are out of the labor force voted for trump. so you have the election telling you that you are miles from full employment and the fed as we are at full unemployment and need to raise rates -- i disagree. alix:

and deutsche bank representative joins us and jobs day in the u.s. we have our bloomberg columnist and danny blanchflower of dartmouth will be joining us. this is bloomberg. emma: this is bloomberg daybreak and this is the enterprise greenroom. coming up next hour, goldman sachs management mike swell, head of global portfolio management. emma: this is bloomberg daybreak. time for other stories making headlines. i'm emma with your bloomberg business flash. the c.e.o. turned around his company and putting together the units after splitting them up and deutsche bank wants to raise money in a share sell and giving up the idea of selling the consumer banking unit. wall street cops have been reigned in. the securities and exchange department is bracing for budget cuts under the trump administration. a ban on nonessential travel and a hiring freeze. officials have curbed the use of outside contractors to help s.e.c. lawyers with cases. puma and underarmour have switched sides and puma considered the hot brand and the profits are reviving and share as surgin

danny meyer gave us a tour of his new restaurant. abigail doolittle joins us with a look at the markets. abigail: there is not a lot of action for u.s. stocks. s&p, and nasdaq flipping between very small gains and losses today. we are looking at the smallest trading range this year for the s&p 500. trading so far in a range of less than four s&p 500 points. retail, have red is some retailers down for the second day in a row. this may follow a report saying that the most recent week of holiday sales were especially bad for some brick-and-mortar stores, sales plunged 16.4%. as more investors or consumers -- consumers went toward e-commerce, we also have amazon down. there is reason to believe there could be weakness ahead for amazon, down more than 2% since black friday. 4227.ke a look at g #btv there was an uptrend and then it snapped, uncertainty on the part of the bears and we see something similar this year. this congestion is a little bit less bearish than that congestion, but it could still suggest more weakness is ahead for the