Healthy dose of ed hyman. Sharpied, black markings, shut up and read this, that is what he says in his required read. Required listening for the new year. Great to have you with us. When you get the black sharpie out and you are standing at your desk on fifth avenue, what are you marking up with the greatest intensity . Ed i hate to disappoint you, but now it is all electronic. Tom what are you circling the most right now . Ed what i am circling the most earnings. We can have a good conversation , but at the end it is all about earnings. Earnings right now, bottomup analysts, not from me, are at 145 for the Third Quarter of next year and that is without tax cuts. At about 10 and you get 155 and if you were to go three years with growth 10 you get to 200. Those are huge numbers and i got through doing an exercise , watching the game tape after khe game, and every market pea was down, now they are going straight up. Tom it is the Little Things we see through the quarter, through months,
Lets start with politics. Cannot wait to see how the magazine covers everything in the world of politics this year. Front, t in our home domestic, member of the trump team, mike pompeo. Hes had a good year. He has. Usually you pick out people who years. D you have nikki haley and you have mike pompeo, director of cia. Both of those names have been entioned as potentially successor as Rex Tillerson as secretary of state who has not year. Good while talk about his departure has cooled, theres a widespread feeling that his relationship with the president is not stable long term. His circle is very very small. One of these things that have come out. How normal is it for the cia director to meet the president day basis . Its more than that. Ow would they break down the information with the president. I think theres two things about mike pompeo. Is ideological. Hes been out in defending the about nt in charges whether theres potential collusion with russia during the election, whether its hi
Biggest local stories. We will start in washington. Donald trump says he wants immigrants from everywhere. This came when he was pressed by a reporter in the oval office during a photo opportunity with the president of kazakhstan a short time ago. Did you say you wanted more people to come in from norway . Did you say that . Thank you very much. I want them to come in from everywhere. Thank you very much, everybody. Thank you very much, everybody. Thank you, everyone. Out. Thank you. The president has always given the impression he wants immigrants to come in from everywhere. Most recently there was controversy at the end of last week over allegations the president used the word shithole to describe african countries and 80. And haiti. Anthony zurcherjoins me from washington. It simply isnt true, he has been saying directly the opposite for the last few years. The way they have tried to say this is talk about merit based immigration. The current system, one of which is a green card lot
London. These are the people that we are going to speak to shortly. Dalioversation with ray is coming up shortly from china. We will be talking to Standard Chartered chief finance officer after it they said that they want to give back to shareholders and focus on dividends. We were gaining a touch on the stoxx 600. At the moment is pretty much unchanged. A lot of the impetus on the stocks will be what we hear from from washington, d. C. The u. S. 10whether year yield will go above 3 . Now lets get straight to the bloomberg first word news. The European Union will tomorrow challenge theresa may when it publishes a dropped brexit treaty. According to a person familiar with the matter, the bloc is said to set out in legal detail how the terms of the transition period will go. U. S. White House Communications director is scheduled to be interviewed privately to date by the House Intelligence Committee, which is investigating russian interference in the 2016 election. According to house off
His or her time worrying about their business is going to grow, not talking to 87 different people about how they will get health care for their workers. Every other major western country has health care as a right. Not only will that be a benefit to the people, it takes a burden off the small business. That is a good idea. What about family and medical leave . Today in america, a low income woman gives birth, she has to go back to work in five days. Is that morally correct . I do not think so. Were the only country that does not provide medical leave. There are hundreds of thousands of bright, qualified young people in america today. They want a Higher Education but they cannot get it. They cannot afford it. I believe we should make Public Policies and universities free. It helps america. When i talk about democratic socialism, take it in terms of precollege education, free health care. It makes sense to look at countries that are doing good things. We might have a disagreement on thi