We have your markets, your news. Geopolitics. But first, here is Sebastian Salek. Has founddent obama his successor, donald trump, after the republican accused him of hobbling the transition to his administration. Trump told reporters gathered at his maralago resort in florida that we had a very nice conversation. It started with a tweet that alleged inflammatory statements and roadblocks. That brought tensions between the men into the open less than a month before inauguration day. Strain u. S. Israeli ties have reached another low as secretary of state john kerry and Prime Minister Benjamin Netanyahu traded blame over a stalled middle east peace process. In a speech yesterday, kerry a two state solution to the israelipalestinian conflict is increasingly out of reach. President elect trump promised a fresh start. Netanyahu accused john kerry of antiisrael bias. Netanyahu israelis do not need to be lectured about peace by foreign leaders. Israels hand has been extended in peace to its
The central bank raised the fixing rate less than anticipated. Tweeting for jobs. He may not be president yet, but donald trump is moving forward on creating jobs by tweeting about Companies Making things. Today, it is toyotas concern with mr. Trump threatening a border tax. That is what you need to know. Jonathan thank you. Todays job reports is julie hyman over in a d. C. Great to have you with us. What are we expecting . Julie let me run up to the numbers. Nonfarm payroll estimates 175,000. Dont applaud the Unemployment Rate is expected to pick back up by 0. 1 percent after a nineyear low in november. Average Hourly Earnings, 2. 8 gain is year after year year over year. 0. 3 . The three big headlight numbers we will be looking. ,lso key is Participation Rate which we have been watching, the Federal Reserve and economists and investors have been watching. It was 62. 7 . The fed in particular as pointed out on the bloomberg, the fed will be looking at the rate for folks between 25 and
What is a more normal rate . Years. O motowns moving production north of the border. Who is in the drivers seat when it comes to the auto sector . Matt happy new year. I have not seen you since. Let us take a look at futures. We are up across the board. You can see the ftse futures are up about. 5 . We have gained more than a quarter of a percent over in. Aris on the cac and a third of a percent on the dac. Looks like a positive week were equities. Guy i think that could relate to what im about to show you on the gmm. The british pound is down by nearly a full percent. Johnsonferrohe cross rate. The dollar index up by 0. 2 . Keeping a firm i on what is happening with the potential candidates to replace janet yellen. I think that is coming on the a gender as we see a more hawkish stance being taken. We will talk about oil later. Firmly in focus. Here is the bloomberg first word news with juliette saly. Agreede mcdonalds has to sell 80 of its operations in china and hong kong to a Consor
Inlaw will be a senior unpaid advisor. Jared kushner will work with Reince Priebus and stephen bannon. He is married to ivanka trump. He is described as an asset and respected advisor. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Lets get a check on the market. Afternoon trading getting underway in hong kong and china. Hong kong gaining have to present while shanghai is unchanged. Jen jen up 3 10 of 1 . This is bloomberg. Caroline this is Bloomberg Technology. Jack mas trump card. Can the chairman deliver one million new jobs between heightened tensions between beijing and the president elect . Our exclusive interview with gm ceo ahead. It is her job to make sure tech titans play by the rules. Stay tuned for our conversation with the eu competition commissioner. First to our lead. Alibaba Group Chairman jack ma met with president elect donald trump monday. Ma said the men discussed how alibaba is focused on creating first to
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter