here is taylor riggs. taylor: president trump has signed a budget deal, ending one of the shortest government shutdowns on record. hours after the partial shutdown began at midnight, the house approved a bill that raises federal spending by $300 billion and puts the debt ceiling on hold for a year. earlier, republican senator rand paul had blocked to the senate vote for hours. he was unhappy over the extra government spending in the measure. korea'ser of north leader, kim jong-un, has shaken hands with south korea's president, movon jae-in. she is the first member of the dynasty get rules north korea to visit this out. she will have lunch with a south korean president tomorrow. chiefropean union's brexit negotiator has raised the prospect that a transition deal could fail. he says there are substantial disagreements with the u.k. over the terms of the two-year price p-- grace period. future trade deal between the sites will almost certainly not be complete if the u.k. place in march. the producer price ind

david: taylor riggs has "first word" news. taylor: the supreme court is rejecting to challenges by gun rights groups. in my case, the ninth circuit court of appeals upheld the california fee for sales of transfers of guns. the court said it would make people wait 10 days to buy again even if they already own one and the background check was completed sooner. today's action came less than week after a gun man in florida killed 17 people at a high school. about 100 students from that florida high school are going to the state capital today. they hope to pressure the legislature to vote for a package of sweeping gun control laws. president trump has signaled he is open to background checks being tightened. vladimir putin to boost spending on infrastructure after next month's election, going to people familiar with the matter. officials have discussed borrowing as much as $266 billion to build a new highways and railroads. putin is widely expected to win another term. a new report says the north korean sever virus known as reaper

. -- black rock.ck taylor riggs. taylor: authorities are investigating an incident outside thenshots supersecret national security agency near washington. two people are handcuffed after people ran into a barrier at one of the gates. one person was wounded in the shooting and taken to a hospital . congressional investigators want to know more about the controversy over white house staff secretary rob porter. has oversight committee chairman tell cnn his panels look into the matter. during to familiar, the fbi gave the white house a report last summer that included allegations of domestic abuse against porter, who resigned under pressure last week. africa, pushing him to resign, the national conference -- conference says it will hold tomorrow and select a new president. the nine years in office have been marked by scandal. he said he has done nothing wrong. global news 24 hours a day powered by more than 2700 --global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i

i'm taylor riggs, this is bloomberg. vonnie: still ahead, we have an interview with the ceo of tyson foods, tom hayes. find out how chicken prices are impacting his business, and lots, lots more. plus, a reminder, you can contact us on twitter. you can also watch tick-tock, by bloomberg, the first live streaming global network on twitter. here is one of today's highlights on tech, in new york city. >> i covered tech for bloomberg york.in new new york is never going to be silicon valley, but it's all right with that. the tech scene has come a long way. it's the biggest tech center in the u.s. in terms of new startups. instead of nipping at the heels of silicon valley, it's taking its own route. giantsast tech essentially invented the industries that they now dominate, new york tech is focused on bringing traditional industries, like retail, health care, and finance, into the 21st century. helping to adapt them to the internet age. a steady stream of multibillion dollar have been encouraging. healthurchased flat iron for $

here's taylor riggs. taylor: the european economy will grow faster than expected this year and next. the eu forecast 2% growth in 2019. but it also says inflation will remain subdued. that is a disappointment to the european central bank. taiwan, hundreds of rescuers are searching for people cap in the rubble after a killer earthquake. at least six people were killed and 200 others injured. the magnitude 6.0 quake struck the east coast of taiwan late tuesday. a hotel was one of the buildings that collapsed. in south korea, there has been an outbreak of nora vivus at the side of the winter olympics. about 1200 workers are being quarantined in their rooms. the military has been brought into work at 20 of the venues. the opening ceremonies are friday. president trump apparently was inspired by a grand military parade he witnessed last summer in paris. according to "the washington post," the president wants the pentagon to plan something similar to show off america's military might. "the post" says he brought

here's taylor riggs. taylor: the u.s. senate has deepened the impasse over how to protect 1.8 million young undocumented immigrants facing deportation. urw makers lost for proposals over the extension of protection for the dreamers. the 17 people killed at a florida high school were remembered at a candlelight vigil. the names of the victims were read out loud and there were signs asking for action to fight school violence. meanwhile, a judge ordered the suspect in the shooting held without bond. according to an arrest report, nikolas cruz confessed to the police. he arrived at the school in an uber, and then begin shooting with a semi automatic rifle. the u.k. is ready to sell its vision of how financial services should work after brexit. according to the financial times, they would be mutual recognition of regulation to preserve the city of london's access to the eu. be aays there would dispute resolution process that could propose solutions of one-sided breaking the spirit of the agreement. it might have been the worst

taylor riggs is here with us. reporter: president trump has endorsed more control over gun sales in the wake of the florida school shooting. on twitter today, the president said he will push for tougher background checks to green from -- to screen from mental health. president trump also once a ban on bump stocks that allow some rifles to be fired faster. president trump promised nation's broken bridges and roads with help from australia. governor sayse the u.s. economy is in the best shape since the guys of crisis. he spoke today in tokyo. he endorsed the raising of interest rates. it is brexit decision time for british prime minister theresa may's cabinet. she is shutting her most senior ministers away in a room until later today to force them to agree on what sort of trade deal they want with the european union. she needs an agreement before making a speech to announce our plans. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is

i'm taylor riggs. this is bloomberg. vonnie: a fascinating situation as the drama swirls around jacob zuma's future, trading weaker which mize stronger run which likely means the market -- means a stronger run which likely means the markets will be stronger. nejra: bouncing back today after the worst week for stocks in two years. investors getting a reprieve. equities around the world are seeing stoxx 600 up 1%. volatilityuntary -- subsiding as well. there was a four-year high inmate -- amid concerns that the fed might raise rates. with us to talk about this is andrew milligan with standard life investments limited. we are down one and two basis points. we have details coming through from president trump is a budget. -- trump's budget. will that beas -- a reduction in selloff equities? there is a lot of fiscal news. the republicans were meant to be a party that like fiscal restraints. that isn't what we have been hearing. we will look at cpi numbers. two, itast month or could be a factor. inflation is expected to remain

joining us now is taylor riggs. taylor: like you said, record fed for them on a global basis, after $53 million they pulled in in february, $35 million of that was from "black panther." so an incredible 40 we can for them and we have good video. i haven't seen it yet. basis, this is very much a global story. domestically they pulled in $24 million and internationally, you had key countries reporting record sales across the board. nigeria, kenya, indonesia had the best opening weekends ever. so its not only imax. we are seeing other movie theater shares rise. i am looking at amc, regal, cinemark holdings, amc came out and said they had the biggest sundae ever and that 23% of the theaters were reporting record ticket sales from admissions. so kind of incredible. havingn attest to it seen it at my feeder. and also the idea that they put in a movie every half hour and you might have three showings of a particular million a day. you had 25 showings of black panther. >> every half an hour. up, lots ofaning popcorn everywh

here is taylor riggs. taylor: president trump set aside long-standing differences with former republican candidate mitt romney. has been critical of the president, but republicans are trying to hold on to their majority in the senate. special counsel robert mueller has expanded his interest in presidential son-in-law cherish kushner -- jared kushner. they are investigating efforts for jared kushner to secure financing for foreign investors during his campaign. robert mueller is looking at talks that jared kushner had with chinese investors. the u.s. has find european banks billions of dollars for helping iran during sanctions. former treasury department officials says the focus is turning toward asian banks. lenders in the region may have played a part in helping iran bypassed the sanctions that were in place before the landmark nuclear deal. the u.k. is promising not to touch european union regulations in the post brexit britain. david davis will reassure the eu in a speech today in vienna. he says cars b

david: let's turn to taylor riggs with first word news. taylor: china is on the verge of maintaining xi jinping's grip on power. they would remove any formal burial to him -- barrier to him remaining in office indefinitely. taking a waite is and see attitude when it comes to talks with north korea. kim jong-un indicated he is willing to have discussions with the u.s. a white house representative responded they will see if this leads to the first steps of north korea dismantling its nuclear program. president trump's changes to obamacare will boost premiums by double digits. the cost for obamacare insurance plans will go up by 43% in several states. day,l news, 24 hours a powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. alix: thank you. xi forever, securing his indefinite role. since he took the reins, the growth rate in china, the shanghai comp has been very stable last few years. the china growth rate coming in at 6.8%. to break it down is francisco blanch at bank of amer

here is taylor riggs. taylor: the trump administration is signaling a policy change on north korea. vice president pence says the u.s. is ready to engage in talks on kim jong-un to clear weapon program. according to "the washington post," pence and south korea president agreed to pursue dialogue with the north during talks of the winter olympics. pence says the us will keep putting pressure on north korea. president trump may struggle with a promise to send $1 trillion to fix the country's crumbling infrastructure. the plan he rolls out today commits the federal government to spend only about $200 billion. that funding would be used to spur local governments in the private sector to come up with the rest of the money. democrats call that bait and switch. areussia, investigators trying to figure out why a passenger jet crashed not long after taking off from moscow. all 71 people on board were killed. the plane belonged to search off airlines and was on a flight to the city of borst. british prime minister t

first word news, taylor riggs has more. paul ryan says that he thinks there are enough votes in the house to continue the spending bill and avert a government shutdown tonight. some are unhappy, with democrats saying that they should have language covering immigration. president trump us next budget proposal reverses and obama administration decision to quit buying the fa 18 fighter jets. the budget will affect 24 of the planes. the plan will keep state routes in operation. for more of the newer f 45's to be deployed. in north korea, kim jong-un used thumb his parade to nose at the u.s., saying it marks the emergence of north forceas a global military against what he calls the worst sanctions. he informed his troops to maintain high combat readiness .gainst the u.s. and its allies the turkish deputy prime minister says the company -- countries not pulling away from the u.s. and europe. >> turkey is not drifting away or breaking up. i just want to make this clear. we have had relations -- >> they seem hostile. >> we had a ro

here is taylor riggs. gathered her most is senior colleagues to get backing for her negotiating position on trade talks. she got an agreement that the eu said it will not accept. tells bloomberg that trump administration policies will raise wages without causing broader inflation. long-term treasury yields have risen recently. in part, that is due to concerns that the bigger budget deficit will fuel inflation. and in florida, authorities say the only armed sheriff deputy at the school where 17 people were killed took cover and set of going after the attacker. the deputy has resigned after being suspended. and the sheriff says is office received two dozen calls about the suspect over the decade, but they did not forward up. -- did not follow-up. anbang has been seized whether chinese government, allowing china to protect thousands of citizens who fueled the meteoric rise. the company owns waldorf-astoria. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around

taylor riggs has that. a legal victory for the lgbt community and its corporate supporters over the trump administration. a federal appeals court in new workersed that firing over their sexual orientation is a form of sex discrimination. that makes it part of the when mark civil rights act. the trumpy says that administration's changes to obamacare will double payments. payments to insurance plans will drop in average 18% and 43 states. those are the states where there are not limits for copperheads of coverage that the initiations, four. benjamin netanyahu says his visit will focus on the status of jerusalem and iran. he will personally think president trump for his plan to move the u.s. embassy to a facility in jerusalem and may. jeremy carbon is putting pressure on theresa may. he was a new customs union with the eu after the split. that put labor on the side of most businesses and a week may and the mercy of rebels in her own conservative party who want a similar deal. global news 20 for hours a day pow

i'm taylor riggs, this is bloomberg. david: it is time now for our first take on the top story of the day. u.s. dollar under steege around -- under siege around the world and what's causing it. the tenure working its way towards the 3% number. the change of the guard in south africa as jacob zuma steps out -- steps down. alix: joining us is kevin christ's -- kreiss. cameron, at one point of the dollar start tracking higher? cameron: when the bear market is over. end of fed the tightening. there is an old saying that history may not repeat, but it rhymes. this irma -- rhymes quite a bit with the 1994 fed cycle where the fed put rates up reasonably aggressively. the dollar got clattered and 94 to the first half of 95. ,ven in the prior fed cycle 2004 2 2006, it got hit badly, had a respite in 2005 things to repatriation of foreign earnings and then got hit again in 2006. >> the dollar smiles here really come into play. when cameron is talking about how fed tightening began, it could be a dot -- good indicator of the dollar

this is bloomberg. ♪ taylor: this is "bloomberg surveillance," and i'm taylor riggs. it is a good news and bad news situation for uber. there was six to 1% sales growth in the first quarter with to put billion dollars, but for the year, they recorded a loss of $4.5 billion. thefinancial report shows company keeps increasing revenue and making progress on cutting losses. in japan, toshiba has brought in theutsider in the wake of accounting scandal and downsizing. capitaldirector of cdc partners. toshiba is in the process of selling the memory chip after billions of dollars of losses in the nuclear energy business. that is your bloomberg business flash. francine: now let's get to south africa. it is crunch time for jacob zuma. police raided the johannesburg home of the gupta family, close allies of the embattled president. our reporterw is from johannesburg. is jacob zuma on his way out, or not? well, certainly the hascan national conference recalled him from his position, which means you need to resign. or he will face a motion of no-confidence in parliament, which wil

here's taylor riggs. global stocks selloff resumed hours after the dow jones industrial suffered its worst point plunge ever. the nikkei 225 lost almost 5%. the euro stoxx 50 is also falling again. we will have more coming up in a moment. there's a report that present trump's lawyers are telling him not to sit down for an interview with special counsel robert mueller. that's according to "the new york times." that could lead to a lengthy court battle over whether the president would have to answer questions under oath. and the u.k., shoppers are spending more on essential purchases. consumer spending rose from a your go. barclays says that was driven by highe prices and market purchases. in germany, chancellor angela merkel is facing what is being called a decisive day in coalition talks. merkel needs a green light from the social democrats so she can begin a fourth term. the party says everyone wants a solution, but negotiations are contentious. global news 24 hours a day powered by 2700 journalists and

here's taylor riggs. taylor: we are starting with germany. oppo-taco stemming that lasted since september appears to be over. angela merkel's block has reached an agreement on a coalition government with the social democratic party. that's according to the social democrats. members of the social democrats will still have to vote on the deal. the house hasl, passed a temper a spending bill that would over a government shutdown tomorrow night. it would lift that cap stuff on the military through september. a broader budget bill may be added to the legislation before the senate vote. leaders say both parties want to end the cycle of temporary budget measures. vice president mike pence is in japan where he is threatening north korea with the toughest economic sanctions yet. he spoke after meeting with japan's prime minister. his sister has named to represent north korea at the want to olympics in south korea. she will be the temp dynasty's first official representative to set foot in the south. global news 20 for hours a day powered by more than

here is taylor riggs. taylor: the white house reportedly wants more options for an attack on north korea. white house officials are frustrated by what they see as the pentagon's reluctance to offer more plans for a strike on kim jong-un's regime. the pentagon is concerned giving president trump more options increases the chances he will act. in germany, large policy differences remain between angela merkel's block -- besides have a self-imposed sunday deadline. yesterday they reached an agreement on education spending and day care. the bank of japan has taken action to back claims it is not following the fed and the european central bank. they ramped up bond buying's to damp investor speculation they may roll back stimulus. it's making it harder for the boj to reach of the inflation target. head the woman to federal reserve received an emotional farewell. hundreds of central bank staffers gather to stay get -- say goodbye to janet yellen. jerome powell will be sworn in on monday. global news --global news

i am taylor riggs, this is bloomberg. vonnie: coming up, how are conservatives rating president trump's position on gun control. we are live, this is bloomberg. ♪ vonnie: breaking news, president trump's meeting with state and local leaders on school safety and he says the nra and republicans want to get something done on school safety. that is a direct quote after a slew of tweets acting everything from reform to emphasis on mental health also support to nra leaders. reporter international is at cpac at harbor, maryland, and so for attendees have heard from the nra president and also vice president of the united states, mike pence on debate under control taking center stage. an interesting time to hear from when not year, and he didn't pull any punches on this issue. it was a speech for the red meat from nra ceo, accusing the left and up certainly so the press of trying to take away second amendment rights and trying to destroy individual freedoms. it was a rallying cry to conservatives, activists who are assembled her

taylor riggs has more from new york. new study ones the trump administration change into obamacare will boost the payment by double digits. payments for obamacare insurance plans will go up by an average 18% in 43 states. those are states where there are not limits on coverage. the administration is calling for. the florida school shooting may lead to first changes in gun control laws in a decade. sweeping regulations are not likely. republicans have suggested tougher background checks and raising the age limit for some gunship -- gun sales but no signs that they are prepared to go against the national rifle association debt rifles -- the nra opposition. when it comes to talks with north korea, kim jong-un indicated he is willing to hold discussions with the u.s. a spokesman responded that we will see if that rep -- north korea ending its nuclear program. and looking to make big money, looking to mumbai. the financial capital tops global rankings for salaries. oforted average earnings 217,000 dollars, more than twice the

here's taylor riggs. taylor: billionaire ray dalio is going against the grain when it comes to europe. bridgewater associates spent more than $18 billion against some of the continent's biggest ox. he spoke to bloomberg about the challenge in europe. ray dalio: the issue has to do with giving this expansion going because if you talk about the political issue, then there is the challenge between the haves and have nots. this is a worldwide challenge. you must not have an economic fly back because if you have an economic slide back, that is where the real political problems are. taylor: most of bridgewater's peers are betting european equity will rise. it is another sign of consolidation in the semiconductor business. according to the wall street rostemmy has a market value of $7.6 billion. that is your bloomberg business flash. francine: investors are preparing for jay powell's first appearance at 10:00 a.m. eastern time. joining us now, the senior vice president and chief global strategist. thank you for

here's taylor riggs. begun thee senate has debate over immigration with the two sets far apart. mcconnell backing a bill that provides president trump path for and the citizenship for 1.8 million undocumented immigrants and provides money for wall on the mexican border. democrats have rejected the plan. opec and its allies have almost dried up the glut. the cartel faces a growing problem -- rising supplies from u.s. and other rivals. u.s. output will soon surpass and maysaudi arabia overtake russia as the global leader by the end of the year. in south korea, the chairman of retail giant latte group will be sent to prison for bribery. sent to 30nt was months. they bribed in exchange for government favors. olympicsit the winter and attempt to shame its organizers. a cyber attack paralyzed internet networks at the opening ceremonies in south korea last friday. whoever was behind the attack new usernames and passwords . global news 24 hours a day 2700 journalists and analysts in more than 120 countries. i'm t

taylor riggs has more from new york. taylor: president trump us started on twitter today for top democrat of the house intelligence committee. one of the biggest leakers in we must be he says stopped or highly critical of president trump during the fight over the controversial republican memo. markets led companies to the most workers since the turn of the century. your expansion health pick up in trade and ultralow borrowing costs. opec decides to us limits on output, the country poses oil minister can raise daily production by at least 100,000 barrels within five or six days. opec and producers such as pressure meet in june to decide whether oil prices are high enough. and in south korea, samsung's electronics air is free to leave is in a most a year after he was detained in a bribery scandal. a high court put him on probation for four years. caught in a corruption probe that block down the former south korean president. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 coun

taylor riggs is here. taylor: mitt romney has made it official, he is running for the senate from utah. his goal is to serve the people of utah and bring values to washington. he's running for the seat held by orin who is retiring. according to an arrest report, a former student invest to the deadly school shooting in florida. in the schoolas for just six minutes. he's accused of killing 17 people. people turned00 out for the candlelight vigil. the names of the victim were red. at one point, the crowd chanted "no more guns." japan hasminister of continue him to running the bank of japan for another five years. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. i am taylor riggs. david? david: no deal. qualcomm has injected broadcom's latest offer. it is materially undervaluing the company. join us is bloomberg .ntelligence analyst welcome. welcome back. this is an ongoing saw that. is there more to be written? >> it depends on how fi

i am taylor riggs. this is bloomberg. bonds, boies, bonds, ndsnds, bonds. we are looking at the two year higher. futures, up 72 right now. curve flattening. the 10 year static and the two year yield, higher. you get a narrow distance in the .62 on the spread. the vix backs up 17.94, with the dow nudging up, neighboring the 24,000 level. will leave it right there. francine: i'm looking at a similar data check. we have heard from jay powell. and we look at the global stocks, and european stocks. let's at the board up. i think we have it. you can see stocfkks in europe, down a touch, an extension of the selloff. powell seems to have an impact on global stocks. i am looking at yen, as they said they would continue the bond purchases at the same pace as they said they have been and we are getting inflation data from the euro area. a little slower than the previous month, so that matches previous suggestion. tom: this is a chart that started percolating this weekend and i heard people talk about this. this is

i am taylor riggs. this is bloomberg. tom: let's look at the data quickly here, a quieter day in the markets. that's good to see after the last couple weeks. 58 right now.- not much else going on, a weaker euro fractionally. 20.90.x, back to ounce.ed gold, 1331 an francine: european stocks, tom, are retreating this wednesday. they were getting a little bit on the back of asian gains, but traders are racing for a busy second half of the week. treasuries are flat. the dollar is extending gains. and of course, before the release of the minutes from the last fed meeting. tom: our chart of the year, which we will feature during the 6:00 hour, gdp in america. we'll get it out on twitter. this is an important chart for television and radio. what we saw in the 1980's and 1990's was a boy into moving average of gdp growth, down to 3% in 2006. and it just has not happened. it has been a subpar gdp. president trump wants to get vel, and wes 2% le will have to see if we can do that on a smooth basis. francine: this is a chart that ou

here's taylor riggs. taylor: not all members of president trump's party won the investigation into collusion with russia to end. the president says the controversial republican memo vindicates him, but three republican members of the house intelligence committee sent a memo does not undermine the need for a special investigation. there's speculation that theresa may will not survive the conservative party civil war over brexit. one potential rival is jacob recent of, a lawmaker who has urged quitting the e.u. without a transition period. may has held onto her job so far by avoiding clarity. in germany, there's an indication that angela merkel may be close to a deal on a coalition government with the social democrats. a sunday target date came and went. merkel will allow extra time. the social democrats are holding out concessions on labor rules and health care. is ready to reduce oil production. the country's oil minister says iran can raise daily production by at least 100,000 barrels. opec and producers

here's taylor riggs. steps: china is taking that could allow president xi jinping to stay in power indefinitely. the communist party is set to reveal presidential term limits that keep the head of state from serving more than two consecutive terms. that would do away with the orderly succession system adopted after mao zedong. is taking ause wait-and-see attitude when it comes to north korea. kim jong-un indicated he's willing to hold discussions with the u.s. a white house spokeswoman responded, we will see if that represents the first test toward north korea ending its nuclear program. mexico's president has indefinitely put off plans for a white house visit. that is according to officials familiar with the matter. the "washington post" says the trip was canceled because in a phone call president trump would not agree to publicly say that mexico won't pay for the proposed border wall. in the u.k., the labour party is putting pressure on theresa may over brexit. labour says it wants a new customs union a

alix: here is taylor riggs. islor: steve mnuchin brushing aside signs that investors are nervous about rising prices. he tells bloomberg that the trump administration policies without causing broader inflation. long-term treasury yields have risen and concern that ticker deficits will fuel inflation. in florida, the only armed sheriff steffi at the school where 17 people were killed took cover when the shooting started instead of going after the attacker. the deputy resigned after being suspended. the sheriff says that his office received two dozen calls about the suspect over a decade, but may not have followed up adequately. reports that the trump administration is considering taking money from a billionaire tomove the embassy jerusalem. that would add more controversy to the decision of moving the embassy from tel aviv. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. we will go to china now. the news out of beijing when chinese re

i'm taylor riggs, this is bloomberg. jerome powell has officially taken over at the helm of the federal reserve. he inherits the u.s. economy and on third longest expansion record, with unemployment and inflation near historically low levels. as last week's drop in equity prices suggests, there could be complications. joining us now, you lena -- elaine a. -- elaina. >> there will be a lot of challenges. actually, astime, we mentioned. the unemployment rate is run -- is low. inflation is still pretty low. i think that in terms of challenges, there will be a lot. the main one is how the fed will manage the next crisis. power will mostly -- most likely preside over the next downturn in the economy. so, you know, in the previous expansions, the fed raise rates by 3.5%. theymbat the downturn, lowered rates by five point 5% and 5.25 percentage points. so, big moves. they don't have the buffer to do that this time around. they will probably have to play with unconventional monetary policy tools. this will be up to the new fed c

i'm taylor riggs, this is bloomberg. michael: the liam fox trade story and the story about possible trade wars in the united states have a lot of people wondering whether any country is going to use its currency as a trade weapon. shahab jalinoos and gary shilling are still with us. davos the big topics that were the comments about's -- from steve mnuchin about the weaker dollar. is there any fear we will get to competitive devaluation? shahab: the ecb had draghi directly refer to those comments in an irritated tone. we had other ecb members discussing the possibility of higher volatility being a problem for the ecb. agreements that ofe existed on currencies not engaging in currency devaluation. any idea that this is frayed is a problem for the market. i'm going to go back to gary shilling. you have seen this play out for a long time. ruben 1995 that robert said a strong dollar is in the interest of the u.s.. have we really had a strong dollar policy for many years? gary: we really haven't. that was in mantra but he neve

thank you taylor riggs for the stock of the hour. mark: ecb president mario aghi is addressing people in strasburg. he has stressed data dependent decisions, supporting further fiscal integration, acknowledging the elusiveness of 2% inflation. the western bank team leader is with us. inflation andth the elusiveness of inflation with the much talked about topic. the economy is strong and inflation is weak. -- speech to the european parliament and strasburg and the indications that are any policy changes will be data dependent and time consistent. no more hints at all as to how fast the ecb will get towards signaling and unwinding its extraordinary stimulus. mark: it's an interesting couple of years because there's a lot of different personnel and the main ecb position and a couple of years time. mario draghi could be quizzed by european lawmakers, can't he? it will be fascinating to hear what he's got to say about some of those thoughts that are going to become vacant. paul: yes. don't want to give much away. don't forget that the ecb

joining us with more, taylor riggs. taylor: investors breathing a sigh of relief. we sat here one week ago discussing chipotle's earnings and investors had said that we were in a wait and see, going through these changes, it was hard to look out into the rest of the year. this is a sort of good way to start the year. most analysts are really confident about the choice. i want to talk about the ceo, who came over from taco bell. the best way that we can measure his success is to look at the divergence in the share price. chairs, at the end of 2015, that crisis had started and it was a relative underperformance in the last few years. analysts are saying two things .bout this new ceo look at menu creation and look at marketing. morgan stanley said he had navigated food quality issues in the past. rbc said that he took a limitless set of menu items at taco bell and created tums -- tons of options. look at a focus on menu and marketing. exact vonnie: -- vonnie: exactly. his -- vonnie: exactly. his interns created that little taco character on snapchat. taylor: and i bel

here is taylor riggs. taylor: a judge has held up and arrest warned for julian assange. he spent more than five years of evading the law in london. he is wanted in sweden for questioning about allegations of sexual assault and rape. embassy, hes the could be arrested. it may have been the deadliest fight between citizens of the u.s. and russia since the cold war. according to people familiar with the matter, u.s. forces in syria killed between 100 and 200 mercenaries, mostly russian, fighting on the half -- behalf of syria's leader bashar al-assad. the u.s. secretary of state is telling the anti-islamic state coalition to keep their eyes on the prize. the 74 nation group assembled by the u.s. is meeting in kuwait. tillerson pressed the coalition to overcome internal rivalries and focus on eradicating islamic state from iraq and syria. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. vonnie: thank you. coming up, big interviews this hour from the goldman sachs 10,000 small busin

joining us is taylor riggs. by 4%g to boost capacity this year with rising supply, it usually means fares will go down. this to go ong the offensive and defend their market share. 2018 in the context prices, going on the offensive, boosting that is something they are committed to. some competitors we are looking air, the first base in france. norwegian air is a long-haul discounter. partnershipsing at as well. they have a partnership with forge an atlantic. they say that is their answer and their way to attack the discount carriers. how big aie: -- mark: role does that play in their cost-cutting assets? part is interesting. oil prices are expected to rise. aey are looking at four and half billion dollars euro annually. they think prices will go up versus last year when they fail. hour.: great stock of the industry leaders coming together in beverly hills, california, the all-star tech summit. corey jones is there, joined by one of the league's top executives. i am. the all-star weekend is a big deal wherever it

here is taylor riggs. taylor: congress votes on a two-year spending plan that would avert a government shutdown at midnight. senate proposal would provide $300 billion in funding for both defense and domestic matters. they gives members something they wanted. vice president mike pence says we will see on it comes to a meeting with north korea. -- mike in south korea pence is in south korea tomorrow's winter olympic open. lays out howngland it expects the economy to perform over the next three years but the central banks job of predicting the future is getting harder. two thirds of the forecast period comes after the u.k. exits from the european union and it is unclear what the relationship would look like. turkey's deputy prime minister says the company is not pulling away from the u.s. and europe. he spoke to bloomberg in london. >> turkey is not drifting away. turkey is not breaking up with the u.s.. ultimate that clear. -- with the u.s. i want to make that clear. we had the rough patch. turkey is now an

i am taylor riggs. this is bloomberg. francine: thank you -- tom: thank you. let's at the moment for our guests with a data check, green on the screen, stronger euro and weaker dollar. oil with a rebound off of a 58 handle and the vix is stunning. of 6.57 is one remarkable. 7 is remarkable. francine: global stocks extending the rebound the treasury 10 year towards 3% and the dollar falling. the yen and crude oil advancing. tom: the weak dollar policy, it is simple, down we go and we are at key support on the dollar. the lower right corner, we are there on weak dollar. francine: this is my favorite chart of the day. it is looking to show the strong cpi sales which snapped the dollar with what we see in treasuries. -- inyen dollar and white white. the 10 year treasury yield, divergence from january 12th or 13th. tom: wonderful to have howard ward with gabelli funds with us. wonderful to have him here for the entire hour. we thought we would start with a blend with his experience with michael mckee, our in

taylor riggs has that. taylor: started in south florida, a 19 numeral former student has been charged with 17 counts of premeditated murder after the deadliest school shooting in the u.s. in five years. police say he opened fire at a high school a semiautomatic weapon and was arrested one mile away from the school. he had been kicked out of the school in the last school year. 15 wounded survivors have been hospitalized. president trump will speak about the shooting at 11:00 a.m. eastern time, and you can watch that here on bloomberg tv. it is another sign that inflation is picking up in the u.s.. wholesale prices higher things to energy costs. a growing number of economists expect the federal reserve to step up the pace of interest rate increases this year. the reason, $300 billion in government spending package that they see lifting economic growth and inflation. bloomberg survey the economists this week. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countri

taylor riggs with our stock of the hour. mark: the italy election on march 4 with new and old candidates in the next. -- mix. berlusconi leaving the center-right coalition. in our italian government reporter. what do the polls tell us? >> today is the last day we can talk about it. likely thatow that no single party or coalition is seen winning a parliamentary majority. mark: if a hung parliament is likely, what is the look, the constitution of the next government likely to look like? it is a big question. we have a new electoral system and it changes every few years. the look of what will be the 55th government since world war ii depends if the center-right, closest to getting a majority does gain points in the two weeks left before the election and, if that is the coast -- case, berlusconi cannot serve as promised or because he has banned from public office. he could decide who to appoint. vonnie: it turns out one third of the electric is not decided. -- electorate is not decided and most are female who have not been to co

we turn now to taylor riggs for first word headlines. taylor: the top democrat on the house intelligent committee getting tough words from the president. adam schiff was accused of being one of the biggest liars and leakers in washington. he was highly critical of president trump during the fight over that controversial republican memo. president's tweets false smear. a report that american troops have started to pull out of iraq. according to the associated press, the drawdown comes after the u.s. victory over the islamic state last year. the u.s. army says that the presence there will be based on conditions. theresa may, likely not to survive the civil war over brexit. plus, potential leadership rival, jacob rees, he has urged quitting the eu without transition. she has held onto her job so far by avoiding too much clarity on what the british divorce will look like. beer,ther of auto warm joined by mike pence as a special guest this week. this according to a trump administration a fizzle. to bringvited attention to the human rights abu

this is bloomberg. ♪ taylor: this is "bloomberg surveillance," an di'm taylor riggs. qualcomm has rejected the largest takeover bid in history. chipmaker made what it called its best and final offer. the proposal will be decided by shareholders next month. walmart is in talks to spend in several billion dollars to take a stake from india's e-commerce leader. walmart could invest as much as 20% as part of a deal that would valuation tot's as much as $20 billion. and the world's biggest shipping company came up short last year. the danish company is working for the historic split of the corporate structure. they are selling the energy unit to focus on transport. that's your bloomberg business flash. tom: so much going on, of course. looking at the house, exhausted. it's been an all miter. the 54th speaker of the house just poke, paul ryan. speaker ryan wants this budget passed. he wants a large expansion of guns. ryan completely different than he was three to four years ago, running as a vice presidential candidate. that is one of the angles here, as the house considers

taylor: i am taylor riggs. coming up, herman cain, former bank of england governor -- mervyn king, former bank of england governor. now to your bloomberg business flash. high-tech trial six years in the making in san francisco. opening statements are made in economy and hewlett-packard. prosecutors say economy could a value to write down of a $.8 billion a year after buying the british company. defense lawyers say the cfo is a scapegoat. consolidation in the semiconductor business. microchip technology is in advanced talks to buy microsoft a, a market value of $7.6 billion. more than one year ago, hasbro predicted that the movie black panther would be a monster hit. it did that by asking kids what they got in the results have brought in more toys for black panther than any other marvel character in a first full-length movie. the company said demand has led it to ramp up production. that issue bloomberg business flash. david: we are going to turn to wall street beat, will recover cover three things wall street i

i'm taylor riggs. this is bloomberg. vonnie: coming up, more charges are filed by robert mueller's russia probe. lawyers been accused of making desk a lawyer has been accused of making false has beens -- a lawyer accused of making false statements. ♪ nejra: live from london, i'm nejra cehic. vonnie: i'm vonnie quinn. this is "bloomberg markets." robert mueller has unveiled new charges in the russia probe. alex van der zwaan is charged with making false statements to federal authorities about work you did that he did for the ukrainian government. joining us from the white house now, kevin cirilli. this lawyer was charged with false information. that will become a criminal charge. what will this lead to? this lawyer lied about conversations he had with rick gates. who does that give leverage to? kevin: this latest charge comes fact that bob the gates is affected to plead guilty. rick gates is the deputy to paul manafort. paul manafort's right-hand man for quite some time, dating back to their business dealings in ukraine

joining us with more now is taylor riggs. this is deadly serious. taylor: it is an this is another setback for the company. they experienced other problems as well. what investors are frustrated with his airbus in recent months has come out and said we are past that and feel really good and that we hit the snag last week. what's interesting is that it's a narrowbody jet and does not have the big alert that the big a30 superjumbo has, but it's much more profitable. when we look at the share price going back a year, airbus has underperformed relative to blowingoing probably because of the snacks they keep hitting. it was supposed to be their new fuel-efficient model. they have been in this horse race with boeing. this is really important. vonnie: airbus is trying a deal further a3 80's. does that offset the bad news about these faulty engines in terms of stock price at least? taylor: you would hope. we came in this morning and the a3 80 news was the big news. the key is to look at the profitability and the a320s are more important. we showed the order

joining us now with more is taylor riggs. ew. theor: i will say that all beauty came out and said 100% they don't allow the resale of used or damaged products. they think that this lawsuit, they believe, is without merit. cosmeticsckaging used is pretty gross. the selloff this morning appears to be sort of a headline news. it hast clear yet if translated into the fundamentals. that will take a few months or quarters to play out, but for now it makes me pause a little bit. even if theumably, claims are bogus, which will be decided upon in court, there will be legal costs. taylor: for sure. pete, the producer, is incredible. we have a chart showing the returns -- return statistics. this is not specific to the retail sector, but for holiday gifts, 15% are returned, which is about $90 billion. i was thinking in february that if i didn't like something i got for christmas, returned in january, buying a new product, you are right in that sweet spot.. about what's interesting is that theira growth has been progressive and consistent. th

we will dive into thing stocks through the eyes of the --fang stocks in the eyes -- vonnie: taylor riggs with us halfway into the trading day and what is happening with stocks? , alor: mostly green broad-based rally, returning to green after a losing day yesterday. nasdaq 100, large-cap tech stocks are outperforming and small caps outperforming. a broad-based rally. sector, we are charting the s&p tech relative to the utilities index, that is an white. -- in white. outperformed and relative to the blue come s&p 500 -- outperformed and relative to the blue, s&p 500. the general market, i am watching advanced auto parts, up 10%, even within conservative guidance from management with analysts optimistic, saying they should see sales growth in line with the industry and watch out for the margin expansion, one of the key analysts looking at that stock, up more than 11%. vonnie: thank you. shery: investors narrowing their focus for signs of policymakers what they could be targeting three rate hikes. minneapolis fed president neel kashkari the addition further to the fomc. >> we debate each wor

i'm taylor riggs. this is bloomberg. david: coming up, unilever is weighing up a possible new headquarters location and the u.k. government is talking about the possible company's departure from london. as you commute in today, tune into tom keene and jonathan ferro on the radio. york,n hear them in new boston, the bay area, all across the country. live from new york, this is bloomberg. ♪ >> this is bloomberg daybreak. up in the next hour, an exclusive interview with ilmars rimsevics, the latvian central bank governor. david: we are going to turn to wall street. three things that wall street is buzzing about this morning. bank of america looks to be staying in london, renewing its lease in the city. says hishorn greenlight capital has turned in its worst performance ever, despite all about volatility. and hits keep on coming for general electric. willys profits this year be toward the bottom of its reduced forecast. alix: that is the best headline ever. joining us now is an executive editor from bloomberg. bank of amer

let's check in with taylor riggs. taylor: rick gates will lead guilty in the rush investigation and agreed to cooperate. that's according to the new york times which says he could enter the plea today. onert mueller puts pressure gates and a paul manafort. they have dozens of new charges. the trump administration is considering an offer from sheldon adelson to pay for part embassy in jerusalem. they are looking into whether or not it's legal. that would add more controversy to the decision to move the embassy from tel aviv. north korea's going after one of the few foreign countries willing to work with kim jong-un. the company is owned by a billionaire. it helps with their communications network. hasustralia, barnaby joyce quit over a sex scandal. he was having an affair with his former media advisor. breachedto report see ministerial guidelines. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. thank you for that. we are awaiting president tru