Schedule so were going to start the interview right now and go for about 50 minutes and then gary will have to leave, go for an announcement at the white house and i will then make my scintillating announcements about everything and then the main course will be served then. Okay . So, gary, let me first introduce you. Gary is the assistant to the president for Economic Policy and head of the National Economic council. Had that position from the beginning of this administration. He is by background a native of Shaker Heights in the cleveland area. He went to American University in the city, graduate of the school of business there and then subsequently went to work for u. S. Steel and new York Merchantile Exchange and Goldman Sachs and joined goldman in 1990 and became a partner in 1994 and rose to be the head of the Commodities Division and ultimately commodities fixed Income Division and cohead of the Equities Division and cohead of the Global Securities division and then openly in 20
This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
Everything from the minicooper to the bluetooth headset, where the next frontier lies. Makers, ont bloomberg television. 10 00 in new york city, i have Erik Schatzker. I am stephanie ruhle, the last day you and i are both here they fear we had to europe. We had to europe. Earnings season, the parade continues, Goldman Sachs and citigroup. As usual. E winner scarlet fu has been keeping tabs. Citi had industrys first big mess. 82 senselessly adjusted earnings per share, below the consensus and fell short of lowest estimates. Revenues missed the mark, following versus last year and a third quarter. On trading was down 15 versus last year compared with flat at his peers. Is losing market share to peers. Guggenheim said citigroup depends more on fixed income currencies, commodities, trading and other money center banks. Investment banking was relatively weak, so far, we have been hearing about banks having higher fees because of dealmaking and ipos, at citi it was flat. Conference call high
If you thought that yesterday was a big day, today will be equally as exciting. Iger, bobave bob jane, and we will be dealing with the head of private Wealth Management at goldman. Lets the forget about sean penn. Who could forget . The exclusiveet interview we had with sean penn on the Recovery Efforts in haiti. Let me tell you, it was hard for him to focus. It is a lot happening. Also, will i am, a massive disruptor in the world of technology, also member of the black eyed peas. Gives you an idea of the range of people it can attract. Energy holdings became officially filed for bankruptcy protection, with many months in the coming, it leaves goldman sachs, ppg, kkr holding the bag. Thats jacobs covers leverage buyouts for bloomberg news, with us now from new york city. Kkr,tioned goldman, ppg, and how long this has been in the making. Txt you had enormous problems almost from the very beginning. How bad is the situation for those firms . This will be an almost right off of their 3 bi
Is past 6 00 here in london this tuesday morning. We are ready to deliver the stories that will drive your day. Start your engines. We are covering the big reveals from the Detroit Auto Show. Caroline is in paris. Covering the head of the uks retailer. We will be told what is dragging down asian stocks. We are looking ahead to j point jp morgan earnings. It is a cold crime. We have the details on a brewery cartel that is forced five german deals beer makers to pay heavy fines. Later on the program, the pulse will be joined by former italian Prime Minister mario monti. The Auto Industry closes out one of its best years on record, in motor are gathering city to peek at the latest models peckish yet fast i could have a huge affect on the industry. Brian has more on the Detroit Auto Show and its big reveals. He will stick around for another few years. We got the announcement from the chairman of feiat. Chrysler is expected to close within the week. He might step down. After soe are really