Good morning. Im carl quintanilla. Joining us this morning, New York Times tech reporter and dan fromer. Good morning to both of you. First up we have our eye on politics. Republican president ial candidate donald trump is expected to speak at the Economic Club of new york in just about 30 minutes. Our own john harwood is standing by in manhattan raising the curtain on that. John . Reporter carl, donald trump has been drawing closer to Hillary Clinton in the polls. Republicans have been coming home to him. Thats a positive sign for his campaign. Hes going to try to keep up the momentum here at the waldorfastoria laying out his plan nor the new york Economic Club. His improved performance has been in part by the new Campaign Team hes had imposing greater discipline on his remarks. Hes also revised things that drew criticism like his economic plan. His initial tax plan had been scored by the Tax Foundation as adding 10 trillion to the deficit. Heres the elements of the new plan. Instead
Open Market Operations in the runup to the Lunar New Year holiday. Those operations will now happen every business day. Korea has expressed concern over the currency. Those comments were made in a joint statement by the countrys finance ministry and the central bank. Action will be taken against socalled current behavior in the markets. That it deems necessary. Those the headlines from bloomberg news. Lets take a look at the stock markets. They are currently closed for lunch. Everything is down paring back to gains. I will be back in half an hour. Now bloomberg west. Plus, what if the San Bernardino shooter had been using an android instead of apple . And can set top boxes handle even more competition . We will ask the experts. Emily apple is still in the spotlight two days after opposing court orders to unlock the iphone of the San Bernardino shooter. Reaction from the Tech Industry has been polluted, with calls for more debate and states of broad agreement that companies shouldnt be
Kuroda versus draghi. The pboc hikes its yuan reference rate. Global equities continue to track the chinese currency. We will track that correlation. A nice charts. That will be coming up later. In the battle of the charts which i feel fairly confident about this morning. This move by draghi is significant. He says that channel is not working and we will try something different. Not it is clear he does have that much effect on the currency other than moving it out. The euro holding its strength. What will that do for the banks . Will that be their lifeline. We have a lot to discuss this morning. Some of this will be reaction to draghi and what he did and what he will plan to do next. Guy we will kick that around. Some great conversations coming up. We less than half an hour away in the European Equity market. I bring you a new function. Thatis a first thing bloomberg customers should look at first thing in the morning. It is ais a board heat map on steroids. This is showing you the mov
Lets quickly check on the markets. We have the boj not doing much, and you can argue it was a lot more hawkish. This was taken tin stride by the markets, yen higher, brent crude above 47, something we touched yesterday, a level we havent seen since september. This is the picture for Deutsche Bank, gaining 3. 3 . Wet me just take off with seem to be putting a member on what the scandal cost. First, lets get to the bloomberg first word news with nejra cehic. Nejra thanks. The yen has surged after the bank of japan maintained its record stimulus. More than half the economists in a survey predicted action for the central bank. Meanwhile, japans core Consumer Price index rose the most since april, 2013 after difficulties in breaking free of deflation. The Federal Reserve skips an Interest Rate hike, but left the door open for action in june. Fomc omittedt, the previous language that Global Economic and financial developments continue to pose risks, instead saying officials will closely moni
Bloombergs European Headquarters in london. Im francine lacqua. But that is back in focus after janet yellen said she is ready to raise Interest Rates this year. The Federal Reserve chair said she intends to let the labor market run hot for a while to heal the lingering scars of the Global Economic crash. Lets check in on how the markets have been responding. Mark, they seem to be pleased to have clarity. Mark clarity is the buzzword. After the muddled message last week, theres clarity. Janet yellen yesterday paving the way for a rate hike in 2015, giving a sense of certainty. Investors love that. Risk assets are rising. Have a look at the msci. Before today, it had fallen for five consecutive days, falling every day since the Federal Reserve kept Interest Rates unchanged last thursday. We got a bounce back today. European stocks are rising. The dollar is gaining. Gold is falling as well. Emerging markets, asian stocks swinging between gains and losses. The certainty has given investor