We are under 30 minutes until the end of the session. Have a look at gmm go. Stocks are rising across europe, boosting in part by mario draghi. The euro is higher now against the dollar rising. But we are seeing is yields against commodities. Lots of corporate stories to tell you about. Start with shelter and will so almost all of its assets. The anglo dutch share is up partway through this program. Whichllion reduced debt acquisition of bg last year. Crude is falling. By 6 . Er today, up earnings in its Life Insurance the executive of aviva. Asset sales and acquisitions. He certainly changed of eva and his purchase of life crude. Shares of by 20 . Beating estimates by one measure as his guest supply raise his dividends after the first attempt of the accommodation failed in september. Question guarantees for workers and benefits. Roughly a fifth of 1 . Julie a little bit of a bounceback, but it is a modest one with all three averages up about a 10th of 1 . Economic data continues to come in strong. The latest index rising to his it ties in a decade. Tomorrows big job support we continue to see the route in the one market as well. Draghi nots by margo hurting matters. A signal thathing could mean a more sustained market. His caveat is that it would have to a be sustained for a week. 2. 6 is what we are talking about. Heres a threeyear chart for the 10 year yield. Level weproaching the. Ill hear from grossman self be sure to tune in that to tune into that. Meanwhile, the rising yields has a Ripple Effect across Market Street it has been helping financials over the past few sessions. A few examples and financials is one of the groups helping lead. On the flipside, if you take a look at the commodity market, you have a commendation of factors. On the one hand it is perception rates will be raise. U. S. Dollar hanging onto a basket of securities, although it is down. And then you have the supply issue. Now at 49. 10 and copper as well. Vonnie thank you for that. Joining us is germany cook, chief economist at world first. He we have this spike. What did mario draghi say that jumped out to you . The euro spike was on the basis there are certain amounts given to the banking sector. We are able to maybe start something which is talked about. The curve location of that was something that surprised the high side. Vonnie what happens when that begins . Draghi did keep up with the possibility that that could change. Will the european economy be able to stand that . The france and netherlands the fact is we are still talking about greece and the dutch elections and the italian elections. The bank of the apache has not. Een sold anytime soon talking about more money into the european sector. It does seem somewhat strange mario draghi chose today to talk about withdrawing that support for the european banking sector. At the moment, if we see a pickup, that brings about a better financial condition. Entire euros as the Inflation Numbers suggest. Results are byhe september, draghi would communicate. Not in september but the beginning of 2018. Where is your calendar when it comes to communicating and the beginning of tapering its bond purchases . The majority of the Political Risk is likely to be over, but i think september might be a little bit too soon. Whether we have started to see a , maybe we will have to wait and see. Things will the early given the risk. Mark how are you feeling ahead of the dutch election next week . The upcoming french president ial election in april and inmate how are you feeling about the risks of erroneous outcomes . I think the risks of the French Election are being oversold and the dutch undersold. For ae known about these long time. We have known about her father a long time. We believe the data from europe were getting is a lot better for brexit or trump given they are longer held issues. The key around the dutch election is not around who winds , but more about the coalition that is built. Ow sustainable that is a difficult time for the European Union. Vonnie thank you. We are at 100 572. What about yields . Are they fairly valued . I think so at the moment. Theres a little Political Risk of air. Has takenink anyone the risk to seriously given the swampn polls show le pen in the second round. You have to say if youre looking at a direction, youre going to move higher on the upes the inflation pick and the currency as well. Vonnie what are you liking right now and taking the look at the majors . There are the skin these come up australian, and and to be in currencies . We weigh on the clarification of trump versus china over the course of the summer. We enjoyed playing sterling at the moment. We think the sterling dollar is going to be set. Our main focus is euro sterling. We think once Marine Le Pen is out of the way, we will see 90 in europe. Are at one is percent possibility of the feds raising rates. Where do they go from next week . It has to communicate it very simply because the market believes every meeting is live giving the pickup we saw from 32 on monday up to about 80 on wednesday. We think we will see a hike in march and september, but the fact is this is if we are to , more hasr rate hikes to come from pennsylvania avenue. Ofk on the prospect heights, the prospect of u. K. Hikes have been pushed out recently. Are you in the camp it is going to be a number of years before the bank of england moves from that record low 2. 5 . Here is more i would not. Lets check in more from our newsroom. Administration has asked 60 nations fighting these inthe state has estimate washington. The goal is to plan their next move as the does it group loses syria iraqk in and syria. Julianaks founder knowledge more companies asked about the cia espionage get. From some these calls of the manufacturers, we have andded to work with them exclusive access to additional Technical Details that we have suffixes can be developed and pushed out so that people can be secured. So far the cia has declined to comment directly. Japanese doctors say 185 cases thehyroid cancer near fukushima disaster cannot be links to radiation. Hold ite, scotland may second referendum on whether to stay part of the u. K. For next year. That is according to nicholas sturgeon. Voted to stay in the year the eu. This is bloomberg markets. Mark coming up, a live report. Rom brussels this is bloomberg. From im vonnie quinn. Mark im mark barton. Brusselsthering in before the start of brussels negotiations. Joins us for the latest. A few minutes ago we had a confirmation including tweeted eu council who he was grateful and will do his best for the future of europe. Even though he had the support ,rom most of the eu countries he actually did not have the support from his home country of poland. Poland wanted to present a different candidate. In fact, he used to be part of the opposition in before the 2015 so technically the poland government did not because theyim thought he was the candidate of germany and abusing his international power. A polish spokesperson just reacted a few seconds ago, that the election does not bode well for europe, but everyone else is pretty happy about this reelection. Vonnie what about the delay of exit negotiations . Brexit negotiations . Washe summit were brexit supposed to be triggered. This is not happening at the moment. Triggered later this month, possibly late march or after the next summit in rome on march 25 which is supposed to celebrate the anniversary of the treaty of rome. Cash he said as soon as article 50 has been triggered, the response from the eu will be responsible. The eu should be able to Draft Guidelines in the next 48 hours. I saw him just behind me inside the console a couple of hours ago. Mark trade remains a key topic of this. What is the latest . It is another show of opposition. According to the conclusions of the summit that were obtained by bloomberg, they should mention today the role for wto in future trade agreements. We also heard from the german chancellor Angela Merkel that europe needs to remain united , alsot unfair practices referring to the protection heres what he said. Markete is also a huge and that has some the calls for free trade agreement. Have freeeurope can trade in the world at a time when there are more protection attitudes and policies. Eu may try to build on the success and progress on other trade deals. Mark thank you. We will see you tomorrow in brussels. Vonnie select, oil prices in the u. S. Falling to below 50 a barrel since the First Time Since december. This is boomer created this is bloomberg. President trump is meeting with Community Makers at the white house. Meeting with the banks, particularly the committee asked. The white house put out a list of 11 names including the American Bankers Association and ceo of several independent Community Banks. Tok lets turn to policy oil prices ahead again today. That is after you and inventories rose last week. Todayn london, falling the price is holding above 50. Markets becoming more concerned that opecs production cuts wont be able to temper the supply. Of the time for a look biggest stories. Ceo hancock theres stepping down. He will stay until a new chief executive is named. Zales, is having second thoughts about malls. The companys closing as many as 170 stores. Your latest Bloomberg Business flash. We trade close to the close or near the close. Have a look. The other three are higher. Draghi, certainly crept above the line. You can see it looks like it could finish higher. Quick week at the currency boards for europe rising. Earlier, yields were rising. Now we have german, spanish, and italian yields rising. This is bloomberg. Livestream your favorite sport at the airport. Binge dvrd shows while painting your toes. On demand laughs during long bubble baths. Tv everywhere is awesome. The allnew Xfinity Stream app. Xfinity. The future of awesome. Mark this is the european close. Stocks finished in the thursday. Ession slightly up bonnie yields are rising. Thanks are rising up. The big takeaway, no change in rates. While past the end of qe. Yearorecast raise for next to 1. 7 versus the earlier production of 1. 3 . Projection of 1. 3 . How does the euro react . I will out tot y well ago, 108 more qe and more qe in december. We are up one of the 5, 75 euros today rising. The level to watch is 103. Lets go over to donald trump. Great bankerse with us. Toays discussion is crucial my jobs, the agenda, andy american people. Community banks play vital role by creating jobs and providing loans to small businesses. Privatealf of all Sector Workers are employed by small businesses. Me we must ensure access to capital. Community banks are the backbone of small businesses. We are going to preserve opportunity banks. An probably noticed i signed executive order on regulation on february 3 and that is a big executive order. Of theaken a lot regulation away. You will be able to loan and be safe and provide the jobs and create businesses. It is an honor to have you with us and perhaps we can go around the room and we will start with dorothy and who you are and who represent. Thank you. Company cape cod mutual. Im Leslie Anderson and im with a bank in nebraska. Suburb of pennsylvania. From new mexico. [indiscernible] thank you. From First National bank in texas. Thank you very much. Vonnie there you have it. President Trump Holding a meeting with Community Bank ceos talking about how committed bottleave been playing a vital role in the economy. He said, you will be able to loan and be safe and provide those jobs. Again, 11 or so members of committee banks including banks from cape cod and nebraska to and some more committee we willcontinue watch any headlines that come out of the meeting. In on the first word news. Chinese government has promised to make its skies blue by researchers say it may take longer than a decade to lift the countrys small. Smog. Thes seven times above level recommended by the world health organization. Mitch mcconnell said there is no evidence present Obama Wiretapped the trumpa. Mr. Trump tweeted that the former president has tapped his phones during the election but offer no evidence. The former president and 90. Americas and sector just missed getting a flocking grade. Americanfrom the society of engineers. Lus. Ives it a d p it is being called south koreas trial of the century. Whensongs bys present entrusted a. Prosecutors will try to prove the billionaire try to conspire to pay billions of dollars to the south korean president. Lee has denied any wrongdoing. Global news powered 24 hours a day in more than 120 countries. Jpmorgan seo jamie dimon comments made today in an exclusive interview. Asked whether be the u. S. Tial regulation in the change the Playing Field in europe. While there has been criticism, i think at the end of the day they will work out. We dont want a level Playing Field. The fact is i want the european tank to fry. The european banks dont thrive in europe will not fried thrive. Much more important in europe and the guy face because they finance 70 to 80 of the economy here. The rest is done through Capital Market activities. What is the chance of the u. S. Ignoring the rest . Harder. S. Made it im hoping they reduce some of that so it is closer to basel and i hope they take a p breath before we think 5 billion or 6 million will fix the problem. Banks ike to see the and the old days, banks were going paneuropean because of the crisis and the rules. I think the right way is better and more diversified. I dont with the long run is. I think eventually you will see betweenacquisitions next again. Regulars have to say what they want was good enough and then allow it. If they dont allow you to use Capital Support , it willunished happen. Come anythingings crossborder is bad. It substantially. No choice. I want to see banks thrive. Because this is good for competition question mark i wanted because it is good for the citizens of europe. I think people dont look at this clearly. This constant being up on banks. You have the banks deleveraging and they cant finance growth. I think the European Union is one of the greatest achievements in mankind ever. To have those 28 nations live in peace and make political decisions and not war is also smart. A kind of got locked down a little bit. The british thought it was too much and there are issues we dealt with. When youre talking about politicians, they are devoted to keeping together and moving forward. There should be some more so much more devotion. Someonet case is that major decide to leave the Monetary Union and that is disruptive. Theys no one who says will do that. There are some people running who say they will do it. Chief executive for j. P. Morgan, jamie dimon. Coming up, we will build on jamie dimon view on europe. A Top Performing hedge funds manager joins from switzerland. This is numbered. This is bloomberg. Mark mario draghi poke remains optimistic. Not wars and having Common Market is very smart and a got bogged down little bit. The british thought it was too much. There are issues we dealt with through it youre talking to politicians, they are devoted to keeping together. The joining us now, one of Top Performing hedge funds with us from zurich. Are you as vocal in your opposition towards the concept of the euro as youve ever been right now . Obviously i dont share the optimism of my predecessor on the program. I think the system was flawed from the beginning. It has caused a lot of challenges to the individual countries and Member States. We have seen the European Union union does not act. We have seen that in the debt crisis. You have seen a similar behavior in the refugee crisis. A lot of Member States not agreeing and we see a lot of frustration around europe and as we know when you run one single currency, you have to have a strong parliament. Common policies and understandings when it comes to fiscal policy and employment market and the Overall Economic situation and i dont think we have that agreement in europe and i strongly believe it is a matter of time when the euro as a currency is getting weaker and more countries are going to leave. Lets talk about your fund in light of the comments. Generated return fixedt equities and income. What is 2017 have in store for us question mark how will we make money this year . I wish i could give you a precise answer to that question. I hear it all the time. Course, i wish that 2017 continues from our perspective in a similar perspective. The two eight months were june and november. The brexit vote in the u. S. Election introducing a fair amount of volatility into the market. Recoveries of the market have greeted a positive environment for us. This is important. Keep in mind politicians do not manage to control the markets. There is a lot of dynamic both the equity market and bond market. I would hope with Less Government intervention, there is less central bank intervention. The u. S. And fed increasing rates. I strongly believe that is creating a better and more healthy environment fund. Vonnie talking about your strategy, futures primarily. It talks about a lot of money last year. What he think suddenly this strategy or these strategies are back . Can you repeat the question . I did not understand on the audio. Your strategies are attracting lots of money. Why . I think the challenge is we were facing since 2009 was a lot of intervention into the market centrally through bank interventions. Selloff markets would and you have an intervention, we have seen movements last year. Is between important europe and the u. S. It clearly helps us be explosive them and crating more diversity. As long as we see this movements, also price and the equity markets. As you said, the big months were brexit and the trump election. Coming up. E big ones we have the dutch election next week. The French Election in april and may. Is there money to be made . Theres always money to be made. We want to see Good Movement in the market. What is challenging for us is if we have a range and on direction, i think we are particularly excited about france. And, the concept of europe as it is. We know what is going on. A lot of people have lost their confidence as it is. How then them election goes, i think we can see interesting dynamic spirit equities have recovered a lot after the u. S. Election. It is not cheap by any means. Obviously there is the potential for correction. Mark great to talk to you. Carlson shorter there. Up ahead, the u. S. Payroll. Which president has credited most jobs . Stay tuned. This is the number. Carlson this is bloomberg. The taking a look at some of the most telling charts and what they mean for investors. You can access these charts on the bloomberg. Making her bigscreen debut today, alexandra will be asked i will be looking at two classes of stocks. Value stocks which are priced most cheaply and Growth Stocks which are more defensive, but also tend to do well when Economic Conditions get tough. Investors are not like the you stocks over the last couple of years. You can today here relative to growth. They did come back last year which makes sense with the talk about rising inflation. A lot of big banks came out with calls saying by stocks will continue to race. In 2017, that story is not as convincing. They still prefer growth over body. We still have the story of inflation rising. Clearly, it is not as convincing to investors as it was towards the end of last year. Vonnie mark where can you find your chart . You can find it on your terminal. A day to remember. Can you beat that . Of course. Im looking ahead to tomorrows job report. It is the first time we will have a full month under present on trump and what we know is that he has set a target of crating about 25 million jobs over the next 10 years. With that in mind, i decided to look back at the records of other president s and what we can see there have been a huge number of jobs created in years, in 1984. 8 million the only president who has come close to 2. 59 average is present clinton and that was during the boom years of the 1990s. If you look at the job record of present obama, we have seen huge job growth there and a tightening labor market. The Unemployment Rate is below 5 , means it is a very tough road ahead for president trump. All eyes on the u. S. Job support tomorrow. That is my chart. Withe im going to break tradition. Mark, i love your chart. Actually going to award my vote. O you today it is the 20th anniversary of mark . Smalls is death im speeches. Alexander has my vote so is a tie. Vonnie we have to get to House Speaker paul ryan. You might have seen the headlines on her and was chart. Repealinging how obamacare might unfold. More markets straight ahead. This is bloomberg. Vonnie it is noon in new york. Im vonnie quinn, but the bloomberg markets. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, we will take you to washington, d. C. , San Francisco and paris. Your other top stories around the world we are following. Oil is fighting below 50 a barrel of the first time this year. Wit down for the wti down for the fourth day. Jamie dimon says president trumps agenda is reawakened animal spirits in the u. S. He expects at least some of the administrations proposals to be enacted. More from bloombergs exclusive interview with the ceo. I will be speaking to Columbus Circle investors and what he is doing with his health care focus as di