And folks the book is lavender hair and the website Victoria Jackson dot com. Denver's only business radio station money dark 60. This is Bloomberg daybreak for this Monday November 27th 2017 coming up this hour the Senate begins who gets pushed to shore up votes for its tax plan Meredith corporation makes a $2800000000.00 deal to buy time shares of Julius Baer as long as the firm's its c.e.o. Unexpectedly resigned as it Cohen surges past $9000.00 with a $10000.00 mark now within reach President drub is sticking with Republican Senate candidate Roy Meanwhile 2 Democratic lawmakers are talking about their own sexual misconduct allegations by Michael Bar head. Coming up in sports Cam Newton the Panthers just too much for the Jets although Rangers have a big win at home against Vancouver That's all straight ahead on Bloomberg daybreak on Bloomberg 1130 New York Bloomberg 991 Washington d.c. Bloomberg one o 61 Boston Bloomberg 960 San Francisco Sirius x.m. Gentlemen 19 and around the world on Bloomberg Radio dot com And by the radio plus mobile. Good morning to you. John Tucker Bloomberg daybreak being brought to you by c g m a that chartered global management accountant designation bringing strategic insight to your finding of steam of supporting decision making for long term success at c g m a dot org slash radio and it is 5 o one on Wall Street which at the markets for you every 15 minutes we're at the trading day here on Bloomberg Radio and this morning s. And p. . Jews are up 2 points a little less than a 10th of one percent Dow futures about it 18 points Nasdaq futures up by 6 points in Europe London's Footsie is up a quarter percent of the CAC in Paris also of a quarter percent the Dax in Frankfurt is up a 10th of one percent Tokyo's Nikkei closed lower by a quarter percent the Hang Seng was down 6 tenths of one percent the Shanghai Composite down by a one percent 10 year treasury price is down 132nd a yield of 2.3472 percent the 2 year yield of 1.7571 percent West Texas Intermediate crude is down half a percent that's $0.33 a barrel at $5862.00 Brant crude is virtually unchanged at this hour at $636382.00 gold prices up a 3rd of a percent 4 dollars 20 cents an ounce the $1296.00 even the pound trading at a $1.33 the euro a $1.93 the yen at $11128.00 and the Us dollar spot indexes down a little less than a 10th of one percent at $92.00 Dutch 7004 and we begin on Capitol Hill this morning where the Senate tax bill is headed for a marathon debate this week a vote could come as soon as Thursday but Bloomberg Rozenkrantz the reports the g.o.p. Leadership is still working on support for the proposal and may just thinking kind and always how much is this bill going to cost and how much is it going to blow up the federal budget deficit we have a new report out from the Congressional Budget Office a nonpartisan of the government that fell in line with all the reports we've seen said over the course of a decade a 1.4 trillion blowout in the federal budget deficit and kind of a key fact that that report they said it's too soon to provide a score on how much this legislation might boost economic growth there are Republican senators including Bob Corker who said he will not vote for a bill unless he has that kind of dynamic scar so given the case which Republican leaders want to get to the floor for a vote on. I'm almost text but it's a little bit unclear what kind of happened in the next few days bluebirds runs crassly reports that several Republicans remain publicly uncommitted to the bill president trumpets signaled he'll be more personally involved in the final push for a tax overhaul and is scheduled to have lunch at the White House today with members of the Senate Finance Committee and vice president Mike Pence meantime Goldman Sachs says New York City could lose some of its highest income residents if the current tax proposal becomes law the old one says initial analysis suggests that legislation could eventually lower the number of top income earners in New York City by 2 percent to 4 percent The firm says that's due to the provision that restricts state and local tax deductions in Deal News today merit of the corporation has agreed to acquire Time Incorporated for $2800000000.00 That's a big shares of time up over 8 percent in the premarket Bloomberg Gina survey has more the Koch brothers are backing Meredith's bid with an equity injection of $650000000.00 but won't have a seat on Meredith's board or have influence on its editorial or managerial operations the acquisition gives Meredith the publisher of Better Homes and Gardens a larger audience to compete with Facebook and Google for advertisers time the home of magazines such as fortune and Sports Illustrated has struggled to reinvent itself as print advertising dries up in New York I'm Gina Serveti Bloomberg daybreak Gina thanks in Europe has offered to buy the remaining shares of ular Hermes group for about 22200000000 dollars It's a move to take full control of the world's biggest trade credit issuer that sent shares of healer Hermes up 20 percent in Paris and here's a Julius Baer down 4 percent in and Zurich this after the c.e.o. . Unexpectedly resigned to learn he's leaving to join picked a group as co-head of global wealth management Julius Baer will now begin the search for a long term successor with Deputy c.e.o. Bernhard holder feeling the. Only interim the u.s. Holiday shopping season is off to a strong start and retailers hope to continue that momentum on this Cyber Monday Bloomberg Patrice Acorah reports Adobe Systems that e-commerce spending will jump almost 17 percent from a year ago to $6600000000.00 today according to the marketer on line spending during the entire holiday season will reach about $107000000000.00 that would make up more than 11 percent of total holiday retail sales the largest portion ever Amazon is projected to capture half of Cyber Monday spending growth Bain and Company estimates Amazon captured as much as 50 percent of all online Black Friday sales Patrice Sykora Bloomberg a break from the 3 think you after its highest close in more than 2 years living ahead of an OPEC meeting this week according to people involved in the conversations OPEC and Russia have to outline and have the outline of an agreement to extend output cuts at the end of the year and could announce at the meeting on Thursday checking prices right now West Texas Intermediate crude is down 2 thirds of a percent 38 cents to 5860 Brant crude down a 10th of one percent now to $6378.00 bitcoins showing no signs of slowing down the cryptocurrency has blown by $9000.00 it is close again on the $10000.00 mark because it started the year at $968.00 It's now trading at over $9400.00 and ahead of the market over the street today we have down futures 17 points higher because the big futures 2 points higher in the man's dick even the futures right now 6 points higher. Teen 28 and there you have it 11127 you're listening to Bloomberg daybreak. That is final set of wills for you this time is from around the world as we say good morning to Bloomberg Michael Barr Good morning John Democratic Senate candidate Doug Jones of Alabama shrugged off criticism from President Donald Trump Jones says that his record speaks for itself and said health care the economy and education are the top concerns in Alabama Trump came to the aid of Jones's opponent Republican Roy Moore by tweeting that it would be a disaster to have a Democrat when Meanwhile many Republicans on Capitol Hill have called on Moore who is facing sexual assault allegations to resign Senator Tim Scott of South Carolina the reality of it is that the allegations are still very strong and credible and the denial has been a week got a little stronger but it's still fairly weak Scott says more should move on Democratic senator Al Franken of Minnesota says he will not be resigning in the wake of sexual harassment allegations against him for Akin told Minnesota Public Radio yesterday that he is ashamed of a photo showing him with his hands over radio host Leeann Tweeden breasts while sleeping during a 2006 u.s.o. Tour but I know I have a lot of work to do to regain trust people I've let down. That people in Minnesota my life my friends and supporters of my colleagues and especially everyone who counts on me that be a champion an ally. Frank It also says he does not remember taking the photo the longest serving member of the u.s. House John Conyers is stepping down from the house to do Sherry committee amid a probe by the Ethics Committee into allegations of sexual misconduct Germany is a step closer to getting government government after Chancellor Angela Merkel laid out her demands to social democrats bluebirds Rainer Bergen in Berlin reports that the s.p.d. Is open to a grand coalition s.p.d. Caucus leader and the anonymous that Germany's oldest party should clean that surely tie itself to an opposition role in difficult times. Not yet Luisa defy the social democratic prime minister and run a lot in that state total local newspaper that MacHall isn't in a position to table the nons for failed efforts to build a coalition with the f.t.p. And the Greens find that Google and Google both Day break early and global news 24 hours a day powered by more than 2700 journalists and analysts to more than 120 countries a Michael Bar This is Bloomberg John thanks Michael coming up a 510 speech on the up or the Bergen b.b.c. Sports report brought you by Land Rover Paramus it's the season of adventures sales of it Land Rover Paramus preorder 2018 Land Rover a Range Rover Sport belt for a 5 south New Jersey 17 Land Rover Paramus duck gob and good morning Rob Bush Good morning John the Jets put on 27 points but it wasn't enough against Cam Newton in the Carolina Panthers following 3527 at Met Life quarterback Josh McCown threw for 3 touchdowns in over 300 yards yet New York blew a 4th quarter lead. Says they let this one get away press tracery it is the 1st game was one game to game 3 Game 7 game they all feel the same way but we're professionals we allow to go to work and a fellow short we became open around about as bad as a game we won't be ready for the next one so like I was when I get ready to go tomorrow defensively Lukey Glee had a 34 yard fumble returned for a touchdown for Carolina Robbie Anderson a Jermaine Kearse bowled big games over 100 yards receiving in a losing cause the Jets held Cam Newton to a quarterback rating in just 60 York falls to 4 and 7 while the Panthers improved to $8.00 and $3.00 on the ice the Rangers in Vancouver tied at 3 at m.s.g. a Skate to a scoreless overtime which brings us to the most exciting play in hockey shootout. For. The mother of her. Brain Gers t.v. On the call for 3 the final Michael Grabner with his tend to go for. The Rangers Devils are at home tonight against Florida the Rangers and Isles at the evening off and in the n.b.a. The nets with an impressive road win in Memphis 9888 behind him are a Carol who had 24 points and 6 rebounds for Brooklyn Knicks they host the Blazers tonight that's your n.b.c. Bloomberg sports update Jon Ok thanks a lot to rob and some breaking news drawstring the Bloomberg Prince Harry will marry his American actress girlfriend Meghan Markle the much anticipated news confirmed by the Prince of Wales that a brief statement issued by parents' house this morning and you're listening to Bloomberg in Daybreak Just ahead we'll have a check of traffic and whether this is good for have pain you can't ignore then try 1st and only from Salon pos. Pain Relief patches have everything you need in one clinic a proven solution they have the strongest label pain reliever available with prescription safety relieving pain for up to 12 hours. Is the 1st and only f.d.a. Approved o.t.c. 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Medicare dot com a r p Medicare plans from United Health Care United Health Care pays royalty fees to a.a.r.p. Heir p. Is not an insurer premium dial a friend sent at oh thank goodness you're here we have so much to do I need fire extinguishers right place them for you and be out for regular inspection great and what about my new hires get them into uniforms and keep them looking shot what about the 1st day cabinet police down that was in this morning it is new and so are the rest rooms Wow syntax really seems to know what we need to use said 8 o. Learn how syntax can help you get ready for the workday this it's in times that come. I'm gone bust b. C n.b.c. It may be Black Friday but if you're not planning on heading to the mall there's free admission at state parks in Colorado Oregon Washington and a handful of other states today for just about everyone else though it's the busiest shopping day of the year despite $3000000000.00 in on line shopping on Thanksgiving Day Talk about bad timing though Macy's experiencing a broken credit and gift card processing system at stores preventing a lot of shoppers from buying anything Macy's getting hammered on Twitter by angry shoppers on Wall Street the Dow today up 31 The Nasdaq up 21 enough to close at a fresh record high on You Tube a lot of ads are slipping past filters running alongside videos that attract a lot of pedophiles so big companies are pulling all their ads including Mars Monda Lees liquor giant and more and good news for Dish Network subscribers the blackout of c.b.s. And all its sister stations is now over I'm Tom Busbee you see n.b.c. We lower our houses. And we alarm our cars but when it comes to your personal information. They can be tough to know when something isn't right that's where Discover card can help now we'll send you an alert if we find your social security number on any one of thousands of risky websites and this service is free for Card members just sign up online it's our way of looking out for you not just your account learn more at Discover dot com slash free alerts limitations apply. That Johnson's don't have that inflatable musical snowman switched on tonight yeah I may or may not have accidently on purpose cut the wires the color of the Business Roundtable brings you connect and collaborate weekdays from 4 to 5 pm here on genders Monita 1690 am here for machine leaders in Colorado's business community advocating for proactive business policies that strengthen the economy and help business grow and thrive in Colorado as well as helping to make Colorado the best place to live now and for generations to come connect in collaboration weekdays from 4 to 5 pm right here on Denver's money to 1690 and money talks 1690 dot com Have you been putting off that kitchen or bathroom remodel the holidays are just around the corner and now is a great time to get started I'm Ted Speer Cohen are all about cabinets and countertops the 35th I'm Wadsworth and I'm inviting you to join our growing list of customers who have saved thousands of dollars on a kitchen a bathroom project even over those big box stores you still have time to get that project finished for the year and through November 30th we're offering free upgrades on all our cabinet and countertop packages which will save you up to $1500.00 as an additional bonus we are also upgrading all our cabinet doors to the latest and anti slam technology for free let us go to work for you you can visit our show room or call us today real 34566400 that's 303 or 566-4002 view all our current specials visit our website at all about great deals dot com make a diff. Without the expanse with all about cabinets and countertops single person or single leader can singlehandedly change that country's corporate culture but a reader can change the culture in his company and many leaders have done so successfully here more interviews like this one on Bloomberg Television streaming model on Bloomberg. Bloomberg or check your local cable listings. The mobile business news 24 hours a day. Going to come from radio most mobile to your radio. Business but good morning to you on Bob Moon if you've heard World Headquarters with his favorite radio business was brought to you by sector spider gives Why buy a single stock when you can invest in the entire sector visit sector s p d r s dot com or call 1866 bt stocks fell in Asia today as large cap stocks in China sold off the Japanese shares eased he raced earlier games Bloomberg still have Sally has tales from our Singapore bureau the m.s.c.i. Asia Pacific index retreated around a half of one percent despite starting the day's trade near an old time high China has resumed their decline with some previously high flying consumer and companies among the hardest hit this is that $300.00 index of large cap stocks closed low about 1.3 percent as profit take has made down on some of the year's best performing stocks like the 88. Technology Japan's Nikkei 2 to 5 index fell a quarter of one percent children in 10 don't rise to September 2008 ties as Adobe analytics showed its Which console was one of the best sellers during the Black Friday sales in Singapore on Juliette Saly Bloomberg daybreak Julia thanks very much and we check the markets for you every 15 minutes throughout the trading day here on Bloomberg Radio right now s. And p. Futures have added a single point plus an attempted one percent Dow futures up by 12 points Nasdaq futures have tacked on 6 points in Europe one of the what. And the CAC in Paris both up around 2 tenths of one percent the Dax in Frankfurt is down a 10th of one percent 10 year treasury prices down 132nd yield at 2.3472 percent West Texas Intermediate crude is down 3 quarters of a percent 44 cents a barrel to $5852.00 Brant crude is lower by a 3rd of a percent 22 cents a barrel to 63 $64.00 Comix gold price is down half a percent 6 dollars 60 cents in Alice I should say up half a percent 6 dollars 60 cents an ounce to $12940.00 the pound trading at a dollar $3349.00 and the euro dollar 1929 the yen $11124.00 and the Us dollar spot index at $92719.00 s. a Bloomberg Business flash now is Michael Barr with more going on around the world Good morning Michael good morning Bob who will run the Consumer Financial Protection Bureau last week President Donald Trump tapped White House budget director Mick Mulvaney and fierce critic of the bureau as the temporary director Meanwhile outgoing c.f.b. Director Richard Cordray who was a Democrat named his chief of staff and longtime aide Lee and drug English to fill the seat last night English filed a lawsuit to block Mulvaney from taking the post the U.K.'s Prince Harry is off the market his father Prince Charles announced his son is engaged to American actress Meghan Markle writing schedule for next spring in sports in the n.f.l. The Jets loss of the Panthers the Patriots beat the Dolphins the Raiders down the Broncos the 40 niners loss to the Seahawks in the n.b.a. The Nets won in the n.h.l. The Rangers were winners the Bruins last global things 24 hours a day powered by more than 2700 journalists and analysts to more than 120 countries Michael Barr this is Bloomberg John All right thank you Michael let's set up your trading week confirmation hearing for Fed chair nominee Jerome Powell will begin this week other speeches this week include one from Janet Yellen she's going to be here before the joint economic committee of Congress. Joining us now to chew over all this were investors Jeffery you were u.b.s. Of private banking joining us from our London studios the dollar spot index falling for a 5th day it kind of curious from the perspective of f.x. Traders what they are looking at at this point. Well did I think that all around you know by and large China has struggled to you know put a strong run together and you know the last calls were so another 3 now you know for the whole you know the color index that has been under water as well so I think it's just a sign of Minnesota some degree of uncertainty of it all this expectations may not be a real sense a headwind in a rush them to hike anytime soon and would prefer to lag on what economic conditions actually technological help that you know but net net net we think that says Well surprise that it may just come to the upside as a wait and see maybe some of the indications of that have all had speeches coming up at the upside How does the upside do you suppose. Well you know I think the dollar index actually is the best barometer of all the performance that's important what public what do you look at as a pro Well why watch the Fed I mean it has its own you know Poskitt of of. The dollar you know which best are reflective of dollars actually dollars actually export exposure trade exposure dollar index and also reading corporate in the median into the situation and I will probably ask me if it that probably will show you know the softness but you know by and large we just need to see what the effect on policy is you know by and gold prices you know 5 p.p.i. And ultimately you know what about price on inflation expectations uncurious if you look at the rate differentials between the u.s. And other specifically Germany it doesn't really sort of add a bit in terms of the flows or does it. Well again you know markets are made at the margin right so it's always in a want the expectations for right differentials are going to be not just point at net net I think the dollar pricing or at least the Fed's pricing differentials you know that's pretty much I'm set where there's potential you know for additional from the market's point of view where those cover of probably potential you know for an upside surprise as actually you know more on the European side and especially. At the head we actually see changes in the concept frame was come in changes process purchases the effect of that new chief the nature of the Euro Zone's I suppose just 15 and maybe a bit more would say. That that more significant on the right differentials up ahead so you know we have a ready for you know that and what Sorry the idea you've healed Coventry deep into negative in the same way that it's happened in Europe so again that's where the changes on the European side but I have prompted a much bigger push and the year on done to that extent that's Robin awful house as well since you're in the we say actually the u.k. And breaks it in the movies were to Ireland the border between South and more of that's really coming into the you at this point and up to 30 seconds what's your assessment of where things are going with breaks and how that impacts the British pound sterling. So net net we still expect on some kind of agreement some to be achieved and the indications are we are heading into that direction ahead of the sun not in. The sand styling by the DOJ will trade in a defensive manner because you know people always on more on the lookout you know for that news I'm coming out from Texas so you know that's what we we would actually take the other side of that and report favors it so we're probably to favor owning some styling but I can give no one the full cost sought by the above $135.00 heading towards 130 secs risk reward to sell some of them it's at this point pleasures always do ever you know u.b.s. Private banking joining us from London this morning and as we look at futures in the u.s. Dow futures. It's up 16 s. And p. Futures this Monday morning 2 points higher evidence that committee futures are up 6 points are higher at the Euro $11931.00 religiously unchanged against the dollar and Sterling get 130 $350.00 up a 10th of a percent this is Bloomberg save more with Liberty Mutual Insurance is such a Q Snowflake was a custom from Pink's the pretty neutral status and money so it's custom made for he didn't want to show Screecher on insurance and save $800.00 that was received like that the service cost to get his mark which is a cute dollars Sharon she's a turkey to. Visit us online to get a quote and you can save $782.00 from one Liberty stands with Liberty Mutual Insurance based on recent Countrywide new customer service coverages underwritten by Liberty Mutual Insurance Company equal housing insurer. As the camera say to these United Health Care can help is that was a drug that is. 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It's called Net a share in it's affordable biblical health care and if you're wondering what does that mean well ask the people who are already members like the Badger family it's a big family by the way we have 7 boys 3 girls we live out in the country we don't cool and they thank God for medicine especially after one of their babies was born with spina bifida and the total bill was about a quarter $1000000.00 mega Share members met the entire need and sent them cards and letters letting them know they're praying for Medicare I mean we love it but myself being self-employed owning my own business going to share with a great option as far as affordability but then it's hard like all of us that it always comes Yeah more and more people are doing this and you can see why hundreds of thousands of Christian believers sharing and that is a beautiful thing find out more call 84441 Bible that's 84 for 41 Bible 84 for 41 Bible the Colorado Business Roundtable focuses on pro-business policies that strengthen the economy how's business grow and thrive in Colorado in the region and provides outstanding media and networking opportunities this is Jeff Wise and president of the Colorado Business Roundtable the work we do make sure business stronger we offer 1st class of hands focusing on Colorado's pressing issues and industries vital to our economy we work with lawmakers industry leaders and educational institutions to ensure effective policy that supports good business practices as well as a strong educated workforce are informative we can we news letter provides the details you need. Up to date on the news through our affiliation with the National Business Roundtable in Washington d.c. And strategic partnerships that strengthen organization the Colorado Business Roundtable believes we can achieve more through collaboration and align joined by visiting c.e.o. B.r.t. Dot com to learn more and subscribe to our newsletter in this next hour and it is for you always wanted a box code. Bug. Always up. For the money we show you the fully cooked super food perfect for the holiday meals and gourmet appetizers in a scenario Plus you don't have to go to the mall because honey smoked salmon is available in the refrigerator sections of Costco being super safe poignancy and squawk about a beer holiday we just did. Denver's only business radio station money dark 698 am. To New York. To Washington d.c. . To Boston for 161 to San Francisco burring 62 the country sirius a 2119 and a run. Radio plus add in Bloomberg Radio dot com He's heard a very. Good morning to you on Bob Moon John Tucker Bloomberg daybreak is being brought to you by the end company if you're a not for profit entity called company accountants and success consultants 212-661-6166 ask for David Brock camp or go to grassy C.P.A.'s dot com and find 30 on Wall Street just about 4 hours away from the opening of u.s. Trading let's get you up to date on the news you need to know at this hour a crucial week for Texas the Senate tax bill is headed for a marathon debate this week with the aim to hold a floor vote as early as Thursday should it pass. Republican leaders will have to hammer out a compromise between different provisions in the House and Senate bills its Cyber Monday systems predicts it will be the biggest online shopping day in u.s. History is for against things fixed point $6000000000.00 in sales after Black Friday spending top $5000000000.00 for the 1st time but Cohen is showing no signs of slowing down the cryptocurrency has blown past $9000.00 less than a week after topping 8 $1000.00 and checking that going right now it is trading at $95.00 almost 6 all the economic front data this week on u.s. Consumers could be a harbinger for holiday spending Bloomberg veni Del Judaize reports Tuesday the Conference Board issues this month's consumer confidence index in October the index rose to a 17 year high I mean low unemployment Thursday it's over to the Commerce Department for data on consumer spending improvement in household confidence helps underpin spending the biggest part of the economy or 2 on this week's economic agenda revised data on 3rd quarter g.d.p. Which advanced it a hefty 3 percent pace in the government's initial tally. Daybreak Thank you Vinnie shares of Time Incorporated are up more than 7 percent of course the publisher of Better Homes and Gardens has agreed to acquire the company for $2800000000.00 including debt the acquisition provides the billionaire Koch brothers who agreed to support his offer with an equity injection of $650000000.00 a stake in well known media brands such as Time magazine and shares of Julius Baer a down but within 4 percent for school already unexpectedly resigned as the chief executive officer of the Swiss bank to join privately owned picked a group and we check the markets for you every 15 minutes trading day here on Bloomberg Radio s. And p. Futures currently up a single point listen a 10th of one percent Dow futures have added 18 points Nasdaq futures up by 6 points in Europe London's Footsie is up 3 tenths of one percent the CAC in Paris a quarter percent and the Dax in Frankfurt is down a 10th of. One percent 10 year treasury prices down at 132nd the yield at 2.3454 percent West Texas Intermediate crude down 3 quarters of a percentage $5854.00 a barrel Stay with us for the latest world of national news this his Bloomberg. It's 1133 well Street let's get news from around the world this morning we say good morning to Bloomberg Michael Barr Good morning John President Donald Trump doubled down on his call for Alabama voters to defeat Democratic Senate candidate Doug Moore It comes as Republican senators one g.o.p. Candidate really more to drop out amid allegations of sexual misconduct Trump sent out a tweet that Jones would be a disaster Representative John Conyers is stepping down as the top Democrat on the powerful House Judiciary Committee it comes as the longest serving u.s. House member is facing a probe by the Ethics Committee into allegations of sexual misconduct Minnesota Democrat Al Franken says he is embarrassed and ashamed after allegations he groped women Frank in all of Minnesota Public Radio says he has learned from the stories that he crossed the line and soon. To work as hard as I can here in the Senate for the people Minnesota the Ethics Committee will be looking into all this and I will work with them and every way I can Franklin says though he didn't remember the photographs in which women said he groped them the fight over who will chair the u.s. Consumer Financial Protection Bureau will move to federal court Bloomberg said Baxter has the story from our Bloomberg 960 San Francisco newsroom Leandra English the deputy appointed to head the agency by former director Richard Cordray has sued to block President Donald Trump from following through with installing a White House budget director Mick Mulvaney as enter in chief this battle may determine whether the c f p b is an independent watchdog agency with broad powers over financial products including mortgages or whether the president is capable of making the appointment himself the president has tweeted in the past that the c f p b is a total disaster and he wants to roll back regulations in. San Francisco I'm Ed Baxter Bloomberg daybreak role in just Muslims confined to a camp in a troubled b.m.r. State say they hope Pope Francis will call them the same as he did when he prayed for the Rodin just as brothers and sisters began Mars' local Catholic churches publicly urged Francis to avoid using the term which is shunned by many locally because they are not a recognized ethnic minority in the country Global News 24 hours a day powered by more than 2700 journalists and analysts more than 120 countries on Michael Barr this is Bloomberg John Michael thank you could give a 536 levels free time now for the Bloomberg n.b.c. Sports report big brawny by Landrover Paramus it's the season of adventure sales of it Land Rover Paramus preorder a dual 2018 Land Rover or Range Rover Sport now for a 5 south New Jersey 17 Land Rover Paramus dot com Good morning Rob Busch Good morning John the Jets proved to be too much for the Jets more so than Cam Newton as New York fell to the Panthers 3527 at Met Life penalties in a costly 34 yard fumble returned by Luke equally for a touchdown proved to be the difference as the Jets wandered a 4th quarter lead a frustrating day for quarterback Josh McCown who turned in a great performance is still you know when we can keep coming back and fighting but it can't just be about that to me you can be but there's got to be there's got to be a collective integrity that says that will fight no matter what you know I believe that this group will do this because I believe in the bits that locker room and I believe in coach both on leadership and it will come back tomorrow ready to work McCown with solid numbers over 300 yards and 3 touchdowns in the last he connected with Robbie Anderson and your main curse leach out over 100 yards receiving New York falls to 4 and 7 on the frozen floor at m.s.g. Jimmy vcs a shootout goal gave the Rangers a 43 win over Vancouver by the end of the day you know as in our best game but we stuck with it in the end final found a way to win and I think that's a sign of how things are going for us in that class on a good team and I d. Devil. Host Florida while the aisles of the Rangers take the evening off and on the hardwood the Nets win 510-9888 in Memphis thanks to 24 points from Tamara Carroll Nicks they were off the hose the Portland Trail Blazers tonight and college hoops a great weekend full of Thanksgiving basketball wrapping up with 2 top 10 matchups number one Duke holds off 7th rank Florida 8784 to stand beaten and 4th ranked Michigan State and defending national champion North Carolina number 9 its 1st loss 6345 that's your n.b.c. Bloomberg sports update John I Thanks Rob The latest edition of Bloomberg Business Week is on newsstands now with the cover on the man who's cashing in on selling survival food to America also in this week's issue inside the leading online education start up in China Jeff Musk has edited the story for Bloomberg Business Week as 30000 teachers are Americans are going to living in America and hoping to make some extra money by teaching Chinese students one on one for about 25 minutes at a time to 3 times a week you could read more about this and other stories in this week's edition of Bloomberg Business Week No it matters and why visit Business Week dot com or pick up a copy of the magazine on newsstands now to access the insights and analysis on the global stories that matter most it's now 538 on Wall Street and out of the tri state business report let's check in with Bloomberg Ed Curry morning in hi john New York City could lose some of its highest income residents if the tax bill making its way through Congress becomes law and analysis from Goldman Sachs suggests the legislation could eventually lower the number of top income earners in New York City by 2 to 4 percent Connecticut's transportation troubles are contributing to the state's slow economic recovery according to economists and public officials cited in the Greenwich Time report it says 8 years after the recession the state has recovered only 73 percent of the jobs at Chevy in the downturn to. I think it is lost more than $11000.00 positions since July of this year Tom Zacky is the founder of Terra Cycle a Jersey based garbage startup he's seeking millions of dollars in funding to create a durable consumer recycling system his dream includes things like shampoo and casted reusable stainless steel capsules and ice cream packaged in thermos like containers that your Bloomberg drives day business report I made Cory John All right thanks Ed Now let's check in with our Bloomberg affiliate radio stations to find out what commuters are hearing all around the world this morning. From Gino Serveti in for w.f.l.a. In Orlando I'm reporting that this year's us Atlanta hurricane season is officially the most expensive ever horny Donahoe on k. Of. Iowa based Meredith has agreed to buy time and key point $8000000000.00 deal I can i had. A dish and they did you know did with following the Irish puzzle facing prime minister met a is doubling to his to be to the next stage of banks it told I'm Steve but it's got on k y w in Philadelphia reporting on Comcast adding holo to set top boxes I made poor young w w j in Detroit I'm reporting forms reports their stock of g.m. Exiting South Korea. And those are just some of the stories Bloomberg is reporting across the globe this morning this morning when futures point to a higher open all of Wall Street down futures right now 20 points higher that's up about a 10th of a percent the s. And p. Futures 2 points higher than as they came in the futures 6 points higher and the year old 1937 That's up about to a 10th of a percent this is Bloomberg Are we ready to open next month I think so you think so well it's complicated for your protection 1st aid supplies uniforms safety training mat services Oh and restroom supplies sell uncomplicated closer to us they'll handle all. That Wow one company can handle all that that's not very complicated says you know be ready own will be ready. Learn how syntax can help you get ready for the workday visit sometimes dot com. M j foreigner from Quicken Loans the rate today on a 30 year fixed rate mortgage is 3.875 percent a.p.r. 4.05 percent but choosing the right mortgage lender means choosing more than just a rate does calling the company with 11 j.d. Power awards for client service matter does calling the company that invented racket mortgage the industry's most innovative technology matter if working with America's number one on line lender matters to you Paul Quicken Loans today at 800 Quicken or go to rocket mortgage dot com equalising lender minimalist number 3033. Hello anyone there. You know how having your way thank goodness giant Medicare me if it's so complicated no worries United Health Care has the people tools and plans to get you through it including the only Medicare plans with the a.a.r.p. 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Be seen futures are all higher on the cyber Monday when shoppers hope to find a big discount online today a quick check at Amazon dot com found all the items on my list the same prices they've been for the past week but they're supposed to be more deals today markets are all higher in Europe mostly lower in Asia crude oil is still hovering around a 2 year high this morning retailers are hoping to do some big sales online Adobe analytics is forecasting a $6600000000.00 Day sales from smartphone apps and tablets will apparently beat sales from P.C.'s for the 1st time this year Better Homes and Gardens parent Meredith is buying Sports Illustrated parent Time Inc This also combines people and Entertainment Weekly with family circle is the publishing business struggles and consolidates a Denny's is giving away free pies if you spend $20.00 online starting today Jessica and her c n b c we'll. Our houses. And we alarm our cars but when it comes to your personal information they can be tough to know when something isn't right that's where Discover card can help now we'll send you an alert if we find your social security number on any one of thousands of risky websites and this service is free for Card members just sign up online it's our way of looking out for you not just your account learn more at Discover dot com slash free alerts limitations apply. That Johnson's don't have that inflatable musical snowman switched on tonight yeah I may or may not have accidently on purpose cut the wires iloveyou Alexa play holiday music. For. Tens of millions of songs one for every a Living Water Car Wash for just $10.00 and you'll find that. For 58 years thousands of Denver Metro homeowners have trusted pastor camp heating and air conditioning and their customer satisfaction guaranteed to make their homes more comfortable and energy efficient you should too call Pastor camp today to install a new air conditioning system it take advantage of the many great financing options now available to discover pastor camp experience comfort 303-777-1234 pastor camp dot com Press. The mobile news 24 hours a day as. The radio. Your radio. Business. And good morning to you once again on Bloomberg world headquarters stocks in Europe have erased early losses to trade higher while the dollar extends a decline as investor focus returns to the u.s. Economy and tax reform at the start of the week with potential market movers the markets for you every 15 minutes or out the trading day here on Bloomberg Radio right now s. And p. Futures are up by 2 points a little less than a 10th of one percent futures are higher by 20 points. Of tecton 5 points in Europe London's Footsie is up a 3rd of a percent the CAC in Paris up a quarter percent the Dax in Frankfurt will change at this hour 10 year treasury prices are little changed the yield at 2.3436 percent to 1.7571 percent Texas Intermediate crude is up 2. Thirds of a percent down that is $0.38 a barrel to $5857.00 and Brant crude is lower by 2 tenths of one percent a 10th of one percent to $6374.00 comics gold prices up half a percent that $6.10 an ounce $129798.00 and else the talent trading at 13 at a $1.33 hero at a dollar 1934 the yen trading at $11125.00 and the Us dollar spot index down a 10th of one percent at $92694.00 that's a Bloomberg business play that has Michael Barr with more on what's going on around the world Good morning Michael good morning Bob a volcano in the Indonesian island of Bali has prompted authorities to evacuate about 100000 people and shut down the airport the government has been relocating people from around Mt Agung thousands of Catholics from across me and Mar in the nation's biggest city of Yangon to welcome Pope Francis to the country today's visit will include meetings with me and more leaders before heading to Bangladesh Prince Harry is engaged to actors Meghan Markle in sports and the n.f.l. The Jets loss to the Panthers the Patriots beat the Dolphins the Raiders down the Broncos the 40 niners loss to the Seahawks in the n.b.a. The Nats won in the n.h.l. The Rangers won the Bruins last Global News 24 hours a day powered by more than 2700 journalist anatomist and more than 120 countries on Michael Barr this is Bloomberg Bob Michel thanks very much and now your Bloomberg e.t.f. Report brought to you by Oppenheimer Funds what makes revenues so smart find out at Oppenheimer Funds dot com slash e.t.s. Here's Julie hymen. The Watson powered e.t.f. Is about a month old so let's check in on its progress there guiltiness of Bloomberg intelligence is here 8 Q Is the ticker on this one yeah this is a small e.t.f. That was launched a month ago got a lot of press because it's basically using machine learning from I.B.M.'s Watson to pick stocks and so this is sort of like part of the robots in the rise of the robots 2 things about this e.t.f. In the 1st month that struck me a it's underperforming it's down 2 percent nothing that's you know indicative of its whole life but fill in some initial tough times but be it's got $70000000.00 Is that a lot yes that is an extraordinary amount for an independent small e.t.f. That would be good even if it was a black rock or Vanguard e.t.f. After a month so there's clearly some interest in this thing and that's despite the under-performance So I think this could have a big future in terms of assets obviously if it outperforms that speaks better to get gathering assets but interesting 1st month right for now artificial intelligence drawing investors Thanks Eric with the Bloomberg e.t.f. Report I'm Julie Hyman Julie fairings and Time now to check in with Bloomberg gadfly gadfly is Bloomberg global platform for fast commentary and you did analysis about Pivotal financial markets and corporate news we're joined live now by Jennifer Ryan Bloomberg gadfly editor in London bureau and let's start off with Tesco is Dave Lewis who's ready for his Unilever close up but Jim tell us more about this well we're talking here about the chief executive officer of Tesco this is the U.K.'s largest grocer Dave has spent his entire preceding career at Unilever until he arrived at Tesco since 20 port and 2014 and he's long been seen as a candidate to replace Paul Paul but as c.e.o. Of Unilever now assuming he wants the done the job the timing seems pretty good his big task now is to get Vince Tesco shareholders to back its takeover of wholesale of Booker and if he can get this through he can he can feasibly. Say that the turnaround of Tesco is complete as you believe or other people in the in the frame here they do indeed there's a slew of internal candidates and also external candidates from places such as Adi Da Scott Kalibo the chocolate maker beers store and a bunch and also a couple places from the us a couple people from Nestle So how would the Us have an advantage here while on the one hand he could easily be portrayed as being from inside the unit lever can given his long history with the company but he quickly if the board duds decide that an external perspective is needed his stint at Tesco fits the bill the danger is that in the 3 years since he left you know lever some of the gloss may have come off his accomplishments there he was known as drastic Dave for his fierce cost cutting and so while this was what the company needed it must not have won him any friends. Next to get a flight piece OPEC has no idea what shale is up to nevermind OPEC but to me to decide whether it's going to extend production cuts but seen Shale has managed to completely up in big groups decision yet the problem that the OPEC has is they've got no idea what to think about the outlook for output growth so used to be back in the day developing oil fields had a lead time of several years in the flow of when you knew or oil coming for them was sort of visible over the next 12 months now because of the advent of shale lead times are measured in weeks rather than years and the number of car companies operating in this sector have made forecasting oil output growth almost impossible just to give you an idea of the sense of the uncertainty in the margin between various estimates is more than a 1000000 barrels a day and that's as big as it amounts to the size it's as much as the entire output cut that the group agreed to a year ago so OPEC how should they respond well really what they need to do is hold their nerve it should resist the temptation to delay a decision on extending its current output deal until the picture becomes clearer because quite frankly it's not going to get any clearer they haven't yet there are objective with we get to do so. Inventories and they need to extend the cuts this month in order to achieve their goals Ok Jen thanks very much NYMEX crude $5855.00 that's down 40 barrel and you can read more of fans commentary and instant analysis at bloomberg dot com slash gadfly or by typing g a d f go on the Bloomberg terminal Bob John thank you very much and now it's time for our Bloomberg Law Report Let's get to the legal stories we're watching this morning with Steve post he in the Bloomberg 901 Washington newsroom. The Supreme Court will consider whether whistleblowers are protected from retaliation if they flag possible corporate misconduct too severe ears u.s. Multinationals are scrutinizing their global business operations to soften the blow of a tax on offshore earnings they would have to bring home under fast moving house and Senate tax reform bills and the auditing profession is using artificial intelligence and machine learning to solve a complex set of auditing issues involving New far reaching accounting rules Bloomberg laws everything you need only on one legal research platform including guidance and that was his and Bloomberg market intelligence find out more at Bloomberg Law and done com. Thank you and in other legal news that take a look at an unusual effort by auto industry companies and lobbyists for more government regulation of so-called talking cars from on this story Bloomberg last June Grasso spoke to Bloomberg News auto policy reporter Ryan Bean it is a little bit odd for automakers like g.m. Toyota Delphi to ask for regulations to ask to be regulated why why specifically are they asking for this right it is sort of an unusual position you don't typically think that in a large industrial companies like this will say oh yes please I'm totally ruled out of but the fact of the matter is that. This technology has been under development for almost 20 years now and you know it's the kind of thing that unless there's a rule requiring it has a lot of thought that some companies in the industry are a little bit hesitant to go ahead and install it on their cars right now General Motors is the only vehicle manufacturer that equips any car with the technology it's the the new Cadillac c.t.s. So at the moment and a sense those cars can only talk to themselves and till this mandate comes down. A lot of industry watchers don't expect you know. Car makers at large to deploy it in a meaningful fashion so they sort of need a mandate to get everybody you know moving forward and on the same page with the with the technology. Is the technology up to speed because everyone have the technology that would allow this this rule to go in place. Suppliers do. And yes there are there are some concerns about different approaches possible compatibility issues but you know that's one thing that this rule is intended to you know sort of iron out the rules you know requires a specific type of technology and you know there are there are critics out there that say like look this technology is old it's outdated there are newer solutions coming down the pike in the vehicles could be equipped with a 5 g. Cellular technology that could. Sort of replace what this older technology known as d.s.r. C. . Was intended to do you know several years ago before the you know the rise of high capacity broadband. And that is Bloomberg auto policy reporter Ryan bean speaking to Bloomberg should June Cross so you can listen to Bloomberg Law weekends at 1 pm Wall Street time here on Bloomberg Radio and find out more legal news at Bloomberg Law dot com attorneys will find exceptional legal research and business development tools there as well this it Bloomberg dot com for more information. We have down futures up 24 points s. And p. Futures are up 2 and the Nasdaq even the futures 6 points higher in the currency space this headline just crossing the South African rand extending its gains to surge 3 percent versus the dollar to a one month high you're listening to Bloomberg daybreak. He emptied Denver's money charge $1690.00 am I should have done right do it don't be that person that says this after ordering your remodeling project you've got that right. 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