Happening 30 minutes away from the end of the friday session. Stoxx 600 is up for the second day. Were headed for the second weekly drop in three. The bestperforming industry group. Sharesthe spanish lender 9 earlier, falling the most june 24. The lender, which has repeatedly Cap Investors for funds, reporting a worse than expected quarter. It booked for provisions of last year of 5. 7 billion euros to cover costs, cover losses for items including loans, real estate, and excess interest charge to mortgage clients will stop it left it with a fully loaded direct rating. I figure the lender says it could improve by boosting earnings and selling off noncore businesses. Shares in the last year are down by 54 . We were talking about insurance. This is europes bestperforming stock. This is a oneyear chart. Rising jump since 2008, by 10 . Shares of a record as well. Lloyds of london insurers, profit thomas does profit, the estimates. Insurers, of london shows profit, beat estimates. Earnings and insurance and reinsurance, shoulder risks for claims under pressure from low rates. To plead Investment Income and pricing pressure following five years with below average catastrophe claims. Beasley is a big gainer in europe today. In the final mover and want to talk about i cant show it, but i will to you about it. U. K. Pmi. Let me show you. Can we get to it . It looks like i cant. It is frozen. The briton Services Sector called engineer in Companies Soft surge saw surge. Were still accelerating, but not as much as we were because of price pressures. Lets get back to what is happening there, 90 minutes into the trading day. Abigail, hows it looking today . Abigail were looking at a nice rally. The s p 500 is having its best day in about a week. The nasdaq was from earlier this week on the big apple report. Look at the dow, back about 20,000. It is on pace for its best day since the beginning of december. Also worth noting the dow transport of more than 1 , higher for the first time in six weeks. Looking at a very nice risk on rally for stocks. We take a look at an intraday chart of the 10 year yield and we see a big reversal down. This is represented in green. It tells us haven bonds are rallying, something you typically wont expect when stocks are trading higher. What could be behind this in that payrolls report that it be on headline numbers, the most disappointing since august. Some may think the fed is still on hold. One stock, two stocks on the move today, macys is having its best day since the beginning of august. But since they, the owner of sax fifth avenue, did make a takeover approach. Both of these stocks are treating higher. When we hop into the bloomberg and take a look at this chart, it is him is like a goldfish trying to swallow a whale. In pink, the market cap of macys. In white, hudson bay. Hudson bay is clearly a smallcap company. Hudson, the large cap come in. On bottom, the same relationship in sales. Macey sales working that of swarfing hudsonsing bay. Abigail doolittle, thank you for that is President Trump meeting with his Advisory Group of ceos to discuss jobs, trade, and his plan to roll back regulations. We go to the white house with the latest. What can you tell us . This is before they go in and speak and give suggestions. This is the latest of a series of meetings with the president with business executives. He is met with leaders from the automotive industry, pharmaceutical industry. This is a large group of diverse leaders, many from the financial Services Sector or are. We are expecting the president to go straight from this meeting into the oval office where he will sign a number of executive orders,s is a vaguely targeted specifically targeting the doddfrank will. And targeting the fiduciary rule that president obama put into place last year. These are some rules that Financial Services leaders have said have become a burden upon the industry. The president has said he is when to take specific action to reduce some of the burden on the Financial Services industry. He hopes that will help create more jobs. Mark almost as important as who is on the strategic and policy forums who is not on it. The bigname that stands out is uber. Will his former colleagues have the courage to challenge the president on issues such as immigration . Good question. Several of these leaders said they would use the opportunity of having face time with the president to bring up the issue of the immigration order that the president signed last week and voice their concerns, specifically, people like elon musk, tesla ceo, said he would use his face time with the president to voice his concerns. Several of the other leaders said they would do the same. We have not heard from other leaders saying they would pull out. They did, have the meeting, and aid they would have discussion about taxes and things like regulatory reform, but also the immigration order, which several of these leaders have said it is not good for business, not the image of the u. S. They want to project in the Global Business empires. Vonnie what else do we know about the president schedule . He will sign this executive orders later today and have some meetings, then around 2 00 am he is expected to fly down to maralago, which is now becoming the winter white house. He will spend the weekend there and actually have attend a fundraiser before coming back to the white house next week to get started on another week. This has been an actionpacked week. We can expect next week to look the same. Vonnie all right, thank you for your contribution. From the president s policies of the digital policies to the january jobs report, joining us rasco. Hensarling jose pose a, daytoday movements in markets may not impact you as much as the types of managers. What do you take notice of when you hear things coming from the white house, from the strategic and policy council . How do they marginally impact your clients . Greatly, because were looking at the noise and the noise is important. What we saw when the election took place, we warned clients we would see in increase in volatility and uncertainty. We have seen that. Our hope is we see more positive news then sideways news. As a result, we see the uplift in markets. Vonnie youre describing this as sideways news. If you look at todays employment report, for example, it is a bit of a mixed bag, and our in our view. Vonnie if a bunch of ceos at the white house talking if about Corporate Tax reform for corporations, lower wages are better. Why is this not a good thing for Corporate America . It is not good for the household sector because with Oil Prices Going up, we help wages will go of and that means it is good for the Consumer Sector and good for the markets. For the corporate sector, we of the offset. If we get tax reform, which President Trump has promised, we could see a real boost to the bottom line. That is the key for us, that we will see the modest upswing in the trump reflation and expecting to see more of it in the financial markets. Employment. It is very topical right now. With the former tank of england policymaker on yesterday. He said you have to create another 7 million jobs before full employment. That is his view. What about the impact of full employment, if we are near it, by some measures on the stock market . Interesting question. Where are we relative to the full implement number . It is like an economic unicorn. At the end of the day, were down precipitously from where we were at the bottom of the cycle. The and implement rate continues to drift lower the unemployed rate continues to drift lower. Today we saw it take up. That is not surprising as people begin to participate more in the economy. The real key for us is the slack in the economy. Cbo came out with a document saying they see slack in the economy for another two years in terms of employment. You have the rate at 9. 4 . We have more slack in the economy, does that mean we will not get traction on wages . This is been the weakest weight cycle in postworld war ii history. That continues. Kevin logan thinks the fed moves only twice this year. The only move twice. Of two to three times, but at the end of the day, is short, modest pace for shortterm rates and fair to middling economy, which is better than it was, but not boom. Vonnie it seems like the majority of people have decided at least march is not in play, anyway. You can see march is down. Even does it is not until june that we get 68 . Maybe made. We dont know when Donald Trumps policies get to play out. It is oil prices, which will affect inflation. The key question is wages. If you get a wage price spiral, twisting previously, we have a problem. I dont thing we will see that. We have to superimpose on top of all of this cyclical stuff what is going on in tech stuff. Other mention all of the stuff coming down the road. Those are very wagedampening, lets put it. Vonnie what ideas since he took office have you been committed getting to client . A big focus for as is tax sign. Vonnie in terms of actual investing. Im getting to that. Export,e improvement, you should do well. The domestic sector should do well. I mean, energy. Wronge. If you repatriate a lot of money, we could see a lot of m a this year as well. Vonnie we heard gary cohn talk about that a bit ago with david westin. Coming up, more breaking news from the white house will or breaking news from the white house. This is bloomberg. I am live from london, mark barton. European close just about 15 minutes away. Vonnie from new york, im vonnie quinn. , just a fews moments ago at the trump white house, opposing further sanctions on iran. The treasury sing their entities and people are affected that the sanctions are critical to combat irans activity. With the oil moving. Here is a legal doolittle. Abigail we take a look at an intraday chart, we see the spike higher on the announcement of the sanctions against iran and the missile test. K, ontory is on the wee pace for the weekly gain ins 2017 on pace for the biggest weekly gain in 2017. Will it last . We have Michael Lynch saying this is a kneejerk reaction. Whenever there are headlines that have to do the persian gulf, you will see a response in the markets. It will be interesting to see how this plays out. As for irans Oil Production and export activity, we take a look the chart, the top bars in this color blue, the muted blue, the rents production. Pretty much level since 2012. In aqua, the exports. Exports are rising. Interesting to see the exports taking a bigger percentage of production, something you would not do sincerely expect relative to the desk necessarily expect. Opec supply on the cuts, about 60 of the way there. As for the energy sector, a very nice rally for the s p 500 energy index of quite nicely come so big rally there. Some of these stocks are having their best rallies of the year, including chevron, which is now up for its best day since december 7 and marathon oil up about 3 , its best day since the end of november, right around the time of the announcement of the opec supply cuts. Big rally for oil and oil related stocks. The ruble is strengthening today. Really decriedia the position of some sanctions. To talk about all of this, we from thee is actually George Washington university, director there, on the phone from carlisle, pennsylvania. Thank you for joining us. Also senior fellow for advanced policy of the council on foreign relations. Is this a good idea for the u. S. To be reposing or imposing a ran following last weeks test . It is hard to imagine the white house had much other choice. The iranians went out of their way to do something that required some sort of u. S. Response. It would be unrealistic to think they were doing nothing. What theyre doing, inevitably weak, sending some signal to a rainy ands. Muchroblem is, if it goes beyond where it is now, if the administration decides to escalate, it is unclear how much real leverage they have as the signal does not work in the iranians do not knock off this kind of behavior. For sanctions having bite, they have to be multilateral. They have some reason to be annoyed with the u. S. At the moment and have significant economic disincentives took walk rate in a sanctions regime. Cooperate in the sections regime. It will be economically hard to put more pressure on the iranians. Had were just recently the obama sponsored agreement that eased restrictions. How does this in truth on that . Well, that agreement at the moment does not is in play. With the arena is it with the missile test is argued by many to be a revelation of this it of us separate you and security issue. ,art of what is going on general signals about the quality of u. S. Ruling in u. S. Iranian relations. Deal,go to the nuclear multilateral dimension becomes even more important that it is otherwise. We have got to get all of our allies, as we did the first time we negotiated this, to back this up when we do that. A big art of the reason they backed this up the first time as they thought they were getting a good faith negotiation that was serious about a negotiated settlement to this thing and they were cooperative order to. Et in motion settlement when they renegotiate that, it is far from clear, especially given the general commentary about obsolete alliances. Vonnie this is twitter diplomacy again. The Iranian Foreign minister is taken to tweeting defenses of iran and attacks on the u. S. Saying there was a reprisal that arena said nothing wrong by trying to defend itself with tests. Also not allowing the wrestling team in, which was maybe how quickly could this escalate into something we need to take extraordinarily more seriously . That depends on how the Trump Administration response to this. Many administrations in this kind of situation would say, ok, we fired a shot across the bow now icahn down an attempt or school and move on. Calm down and move on. Aggressively, more tweets, more executive orders, more announcements of sanctions and so forth, you could get pretty rapid escalation, and my view, would not be in the best interest of the u. S. Both sides could drag each other upward pretty quickly if theyre so inclined. Again, the normal president ial in administration knowing that is a risk, this point having done its bit in signaled both the domestic supporters into the iranians and others would be looking for opportunities to deescalate. We will see. Vonnie stephen biddle, we have to leave it there. Much appreciate it. I would like to reiterate the ruble is stronger and brent crude is trading just below 57 a barrel. Mark still ahead, we will dive into President Trumps plan to rework doddfrank. This is london, this is the european close on bloomberg markets. I mark artan. Just six minutes until the end of the session. Vonnie in new york, i am vonnie quinn. Mark i want to bring you some Business News today. Saying he will focus primarily on the salvatori ferragamo brand. He sees m a as distraction. He spoke to Bloomberg Television yesterday in florence. I dont see a position only ause we have such a brand i dont see it, to be honest. Haveed to maximize what we. Everything is so dynamic. Knows . S set who our focus is on savagery ferragamo. Salvatori ferragamo. Mark he says he wants to improve the store network performance, opening 50 to 20 15 to 20 stores a year to boost sales. Coming up, President Trumps plans to rework doddfrank. Take a look at where european markets are trading as we had to be close. It looks like were going to finish the friday session high. Majors. R all the three take a look at the currency board today. The euro, the last time i checked, is rising for the sixth week in seven against the dollar. The pound down against the dollar. Services data syllabus still above 50. Sterling lower. Look at the euro, of against the dollar. The close is next. This is bloomberg. Mark live from london and new york, this is the european close. Stocks finishing higher today, led by oil and Gas Companies and banks. Basic resources down by 2. 6 . We rose for the second day in three, but we are heading to the second weekly drop in three. Loads of underlings to tell you about. As 3. 4 ,lling as much the biggest decline since of september. They missed estimates, price food wholesalets division was the cause of that. Adding urgency to the plans to bolster shareholder returns by splitting the company into two. They are moving Electronic Stores from the cash and carry an real food businesses. Performance will improve during the year and they are streamlining their nonfood operations and to countries like germany and netherlands to eliminate nonlower margin shares. Shares down 24 in the last year. Eurozone pmi was released. The economy in the eurozone clearly starting the year on a bolsters. Ing, rising i come visit pmi a common as it pmi remained at the highest level since 2009. The blue line outpacing services for the eighth consecutive month. Us euros of reports that shows the euro zone economy to be in pretty good shape. Unemployment down to the lowest levels since 2009. The ecb, of course, we will be keeping a close eye on inflation, which is just below 2 , which happens to be the ecbs mandate. This is the chart i will finish with. Traders are preparing for Political Risk in the eurozone, but the cost against protecting against declines. This is what this chart is about. The ratio to bearish to bullish options outstanding on the ftse has not been this low and seventh months. It has climbed to the highest level since 2002. On the european measure, ftse higher. On the lower charts, sack so banks had the words of caution. Link toit has a the weaker pound. Vonnie look at the dow. Its up more than 8 10 of a percent and primarily some financials. I wonder why. We will get some answers in the moment. S p up almost 15 points and the nasdaq is only up a third of a percent. Here to give us more details is abigail doolittle. Abigail we do have one other stock spiking here. Acadia pharmaceuticals is spiking nicely higher, up 4. 5 , after a website speculated that Acadia Pharmaceuticals did receive a takeover offer from astrazeneca. This is coming from sources close to the matter according to street insider could pfizer is also said to have interest in Acadia Pharmaceuticals. Issee the biotech Index Trading higher on this news. What makes Acadia Pharmaceuticals of interest to these bigger drugs makers drugmakers is parkinsons drugs. Its on pace for its best week of the year since november. On the year, up 27 , this after falling 20 last year. Lots of volatility for the shares of Acadia Pharmaceuticals , and yet, more speculation about a possible deal to be done. Could be another good m a year. Vonnie talking about the Strategic Policy initiative and iran, theres all sorts of stories going on in the market. Abigail doolittle, thanks for keeping an eye on the stocks. Lets check in the first word news. Courtney donohoe has more in the newsroom. Courtney the u. S. Has imposed more sanctions on iran and they are facing new restrictions for supporting a program having links to terrorism or backing islams revolutionary guard. President trump had warned iran it was playing with fire. President trump will sign an executive order aimed at scaling back the financial restrictions put in place since the rescission. He will put in order of the sweeping review of the doddfrank regulations put in since the crisis. We expect to cut a lot out of doddfrank because i have so many friends of mine who have nice businesses who cannot borrow money. They cant get money because the banks will let them borrow. Courtney the president also taking aim at an Obama Administration regulation is hated by the financial industry. He will block the five eca rule that requires Retirement Advisors to work in the best interest of their client. President trumps choice for education cente secretary has past another hurdle. The final showdown vote will take place sometime next week. Republicans say they will oppose her, so Vice President mike pence may be needed to break the tie vote. In france, the french president says there is no doubt that an attack outside one of the worlds most famous museums was terrorism. An attacker was armed within a machete with a machete and was shouting allahu akbar. He was arrested and is described as a 29yearold egyptian. Global news 20 for hours a day powered by more than 2600 journalists and analysts in more than 120 countries, im courtney donohoe. This is bloomberg. Leaders are meeting in malta for the First Time Since donald trump was inaugurated. After meeting the u. S. President last week, theresa may will no doubt seek to allay some of the concerns on the subject of nato. Caroline isn joining us from the capital. As she be able to stop on the has she been able to stop on the tone between the u. K. Antie. U. . And the eu . She is been trying to act as a bridge between the United States and the European Union. She is the only eu leader to meet with donald trump and she related the message to eu leaders that donald trump told her he would be bac backing data 100 and they were talking about discussions of solving the migrant crisis from libya. Some discussions with Angela Merkel on the sidelines, but all these beautiful settings behind this, you have very tense discussions. The french president saying the eu how many members has is not trumps business. Also spoke with the australian president earlier we do not needat her as a bridge between the u. S. And europe, given that we already had twitter diplomacy from donald trump. Shortly after i spoke with the lithuanian president , donald trump actually tweeted about the attack we saw in france at the louvre. Its a very tough balancing act for theresa may. Eu leaders are well aware that she may use this new special relationship as leverage in brexit negotiations. We spoke with a irish Prime Minister just a few minutes ago and he said that ireland will fight hard and fair for Financial Services after brexit. Mark can the European Union adopted common front against Donald Trumps migration policy . Its a very delicate situation because as Francois Fillon was saying hollande was saying, not every eu member is on donald trump side. President that says that trump simply doesnt understand the eu. On the other side, you have countries like hungary or poland who actually seem to have a little coziness with the u. S. President. In the middle, the german chancellor, Angela Merkel, we are attending her press conference about an hour ago and this is what she said. Europe has to forge a common inition and has to act accord with each other and we have our destiny in our own hands. Areas where we can cooperate more closely like africa and trade agreements, it encourages us to increase our ense, r, defense efforts. Our common defense efforts. Caroline getting closer to the 2 of gdp required by nato, that seems to be the only common response so far from eu leaders here. We have some reassurance at the end of this meeting this afternoon from the maltese Prime Minister, who said there was no antiamericanism during the whole summit. Mark great job. Caroline connan at the summit in malta. Vonnie we are keeping a close eye on the white house as President Trump is still meeting with his ceo council. Sign ino set to order to review doddfrank. News just breaking that the white house is said to be readying an announcement on like eads f35. Lockheeds f35. That is all coming up. This is bloomberg. Mark live from london, i mark barton. Vonnie i am vonnie quinn in new york and this is the european close on bloomberg markets. We are waiting on big news shortly with present donald trump set to sign a sweeping review of doddfrank. Heres the president with his ceo council. We expect to be cutting out a lot out of doddfrank because frankly i have so many friends of mine who have nice businesses that cant borrow money. They cant get any money because the banks just wont let them borrow because of over regulations in doddfrank. This particular topic, we also heard from gary cohn from goldman sachs. He told us what parts of the law they are looking at specifically. We are going to attack all aspects of doddfrank. We also care about liquid transparent and orderly markets. Vonnie joining us now is Senior Writer for the finance team and the head of our investment team. Gary cohn talking about specific parts of doddfrank they want to change. Let me get the bigger picture. Rom you, peggy what is this intended to do lend more money to help main street . Peggy there has been not enough choice for investors when talking about the fiduciary role. In terms of doddfrank, theres questions about liquidity in the market and whether there has been enough abilities by banks to lend to small and mediumsize businesses. Thats their take on it. Vonnie that doesnt sound like a bad thing, does it . Theres always a spin to do anything you want to do. What gary cohn talked about and what trump talks about all the time is not enough money being lent, but lending by banks in the u. S. Has been going up and up since 2010. I was just this morning looking at Small Business loans and farm loans, which is the area that they worry most about. It has consistently grown by 2 every quarter since 2013. So banks are lending in the u. S. , but they still do complain about all these rules. Some things are probably going to change and we have no most. Known this. Markets are coming back with some changes. , the democrats are not going to take this lying down. The doddfrank fight do shery rules these were put in place to protect not only the u. S. Banking system but individual investors. Theres going to be a fight, isnt there . Peggy absolutely. One of the things the administration is looking at is the fiduciary role, and that rule has put a lot of sunlight on whether or not Financial Advisors are acting in the best interest of their clients. Theres been a lot of of downward pressure on fees, but that has particular got an individual investors thinking about whether their Financial Advisor has any conflicts of interest. This is an area with a big fight to come. Mark we keep asking Administration Officials gary cohn a good example. What about the specifics . We want the banks to lend money again. We dont want strict capital rules. Can we dig deeper into the specifics of doddfrank . What does wall street like . What bits does it not like so much . Yalman they talk about capital. Capital rules really dont come from doddfrank. They came from International Regulations decided by the Basel Committee. Regulators like the fed sort of implements those here. Capital is one issues and banks have complained about that. We have one of the highest capital thresholds and minimums in the world. They could come under attack, but on the other hand, if you listen to republicans in congress, they have actually talked about higher capital requirements. Its not clear whether theres going to be a clash between the administration and congressional republicans. Doddfrank does a lot of things like what banks have complained about overtime that restricts prop trading. Its a very tricky area. Whether that can be weakened without Congress Actually repealing that part of doddfrank with just regulation being tweaked, bills are things we will see in the next few years. Those are things we will see in the next two years. Vonnie peggy, this is going to help smaller and medium sizes and that is what gary cohn said. Too. S the case for jobs, at least theres some good news for small and mediumsize businesses. Peggy certainly we have seen others, to the market to make up for the gaps of banks reach wrenching somewhat on the small and mediumsized businesses. It will be interesting to see if more could be brought into that space. As he was saying, it was interesting to see. Theres a lot of rhetoric around repealing the fiduciary rule and doddfrank, but we are hearing that people want certain tweaks, but it needs to be clear exactly what those tweaks are and who will win out in the end. Vonnie i know who is in the majority and the majority tends to win, but its not just domestically. There are all these other bodies and agencies that the u. S. Has to get on with if not abide by the rules of, such as the Basel Committee and i dont know who else gets involved internationally. Yalman basil is one of the most important ones where Central Banks get together. Today we have another story from has european regulators saying we have stopped hearing from our u. S. Colleagues. Things arent moving forward because they are sort of waiting for whats going to happen with the new administration. They still urge the u. S. To not really abandon all these international rules, capital liquidity and other things that were decided in basel. They want to continue doing these things. Sometimes they might want to do it a little softer. Europe is pushing for softer rules in the last round of negotiations. From the u. S. Ch side might be going along with the european demands, but maybe even less so. Those are going to be interesting. Mark peggy, banks are going through a bit of a sweet spot, especially the big five on wall street. Look at those debt trading revenue figures. They were strong in the last quarter. The Interest Rate environment clearly helped them. That coupled with lighter regulation, you have got to look at the stock prices of. They have had a real pickup havent they since trump was elected. You wonder whats going to stop them in their tracks. Peggy ive been talking to Wealth Managers around the country who have been saying if you look at it on paper, the administrations policy around lower taxes, less regulation, potential for read patriot and money of money, it looks like it could be repatriation of money, it looks like it be a boon for stocks this year. In terms of how the initiation rolls out some of these things, it could cause the market to teeter. Wealth advisors are keying into bank stocks and seeing potential for much more room to run. The question is what volatility do we see in the meantime . N ande thanks to yalma peggy. Thank you. Mark ive got my judging hat. What better way to celebrate the weekend than focusing on the biggest sporting event in america . Yes, its the super bowl. We will take a look at the winners and the losers of the last decade. This is bloomberg. Mark time for battle of the charts where we look at some of the most telling charts of the day and what they mean for investors. You can access the charts on bloomberg by running the function features on the bottom of your screen. Will it be for an a row, sophia . Sophia i hope so, mark. Is looking at what is important in european Political Risks right now and its all eyes on france. Heres the chart looking at the disconnect between the french bond market and equities. If we look at the blue line, this is the spread between french 10 year bond yields and german. That is a threeyear high. Pricingthe bond market in some risk after all the scandals we have seen from the republican candidate. Take a look at the white line. That is equity risk. That is volatility on the cat index. Equities could not much, then they are right now. Volatility is low across the world, but you can see that it tends to track what bonds are doing. , only less than three months to go until the elections, maybe that could see a pickup and those two lines could move in tandem again. You can find this chart on g btv 5775. Mark, i think it is a winner. Mark four in a row, that would be unheard of. Can you stop her in her recordsetting tracks . Vonnie my particular chart is about how you cannot predict things, so maybe four in a row doesnt mean that there will be a fifth in a row. I want to go back to something from my radio days. Barry used toe join us on occasion. Every year we talk a little bit about the super bowl and the ncaa. Today its the super bowl. The Atlanta Falcons taking on the new england patriots. If you want your 52 advantage when talking about who might win , then you have to take a look at some statistics. What dave barry and his friends at southern utah found is that there is really no predicting. If you look at how much payroll is spent, you see in the last 50 super bowls 15 super bowls, it explains eight of the 15 wins. If you look of the team with the most wins, that does not tell you anything because they only won four times. The team with the best point differential, best offense, best defense, i will tweet out the chart because i cannot be split a fully, but its anyones game. Mark vonnie, who is going to win . Not battle of the charts, but the super bowl. Vonnie i will say the halftime act is going to win and the cable networks. Mark four in a row for sofia. I dontferent want to be accused of being biased, but it is the super bowl weekend. Vonnie, it is all yours. Vonnie it is noon in new york and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Lisa i am lisa abramowicz. Welcome to bloomberg markets. Lisa from bloomberg World Headquarters in new york, we are going to boston and tehran in the next hour. Here are the top stories on the bloomberg and around the world we are following. In the markets, u. S. Stocks near session highs after this mornings jobs report. Employers adding the most workers in four months, but wage growth slowed. The dow climbing above the 20,000 mark for the first time in a week. Thanks leading the s p 500 higher. Wells fargo, bank of america, today asall rallying President Trump is expected to sign an executive order specter to roll back crisis era rules. U. S. Expected to impose fresh sections on iran. The president seeking to punish tehran for ballistic missiles