Quick. We very much welcome them. Its high season for corporate earnings and we will run down some results. Investor confidence is there. One objective is a better balance of profitability. We are reviewing our priorities. Thats all straight ahead on bloomberg best. Him him david this is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Im david gura. Lets start with a day by day look at headlines. On monday, three days after the inauguration, President Donald Trump got down to business. President trump against his and President Trump against first full week in office. We have a Business Leaders meeting this morning. What emanated from this . Donald trump made it clear know you will reap message to different Business Leaders including elon musk and dow chemical. He said he wants these leaders to create jobs in the u. S. He was to reduce taxes, reduce regulations, but he said if they decide to take their business to other countries and try to ship jobs back to the u. S. , they will face a big border tax. Vonnie President Trump is wasting no time in the white house. He has signed an executive order to withdraw the u. S. From the Transpacific Partnership accord. He is pulling us out of tpp. That was meant ironically as a way to contain china. His nemesis. He indicates he was to renegotiate the north American Free trade agreement with canada and mexico. I suspect this is what we are seeing in the markets. For several days the markets were focused on less regulation, lower taxes. Now they are beginning to wake up and say the mighty some stuff we dont like your from the trade front. He did what he promised he was going to do. I suppose what is a bit unexpected is you people like malcolm turnbull, the Prime Minister of australia, reaching out to japan last night. Also the Prime Ministers of new zealand and singapore, saying lets take this tpp and see we can drive that forward without United States. The highest u. K. Court ruling Prime Minister theresa may needs the provision of parliament to trigger the countdown to brexit. Today, by majority of 83, the Supreme Court rules that the government cannot trigger article 50 without an act of parliament. This government is determined to deliver on a decision taken by the people of the United Kingdom and the referendum to leave the European Union. We will move swiftly to do just that. Now the government will be working to try to put before parliament a very brief simply worded document. The aim is to try to give fellow lawmakers as little to object to is possible. The Third Largest party in Parliament Said they will bring 50 amendments to what of the bill is before parliament. And then falls to the speaker of the house, you might hear more about him, he is a man who decides how many of these amendments are allowed in and how many get airtime. That will be crucial. That will be crucial. Mark to what extent will todays ruling delay the triggering of article 50 . I dont think very much. The expectation is mostly members of parliament and the house of commons, with the exception of some liberal democrats, there are only nine of them, and some labor people. But the snp will vote again. There will be a healthy majority for the limitation bill. Implementation bill. As the market opens we are all on dow 20 k watch. We got the dow crossing the 20,000 level. Be dow now at 20,019. Up 106 points. Weve been knocking on the door for many days the could i reset level. Typically wall street has kind of forgotten about the dow. There is all the analysis based on the s p 500. The dow is a price weighted index. It just really isnt practical in this day and age. It was fascinating to watch that 20,000 really become sort of a resistance zone. And early january people were viewing it as a technical level. Now trump is in and we have seen him in the first couple of days really focus on the very equity friendly parts of his agenda. It finally happened. That held above the level. 155 point advance for the dow. A lot of excitement but what does it really mean for investors . The Bigger Picture is you had a breakout of the last five or six weeks. Not only the dow, the s p and some international ones as well. The dax. Clearly from a technical perspective that is pretty bullish. An upside breakout. Republican lawmakers in philadelphia today putting to have plan for working with President Donald Trump. The president of mexico tweeting he will not attend a meeting scheduled to take place next tuesday with President Trump. This is stunning. The idea that donald trump would tweet out to the president of mexico, dont come if youre not going to pay for the wall. Then he would get a response by twitter from the president of mexico saying im not coming. Does he have a choice in canceling the meeting . There is questions about the order of things and how this will transpire. We are where hearing report yesterday the Mexican Administration and president were already thinking about potentially canceling the trip based on trumps executive order to begin work on the construction of the wall. Theresa may will be addressing the republicans shortly. What is she doing in this form . Why not go to washington and addressed congress in both parties . She will be at the white house tomorrow. The Development Across the pond influencing perhaps the leverage that republican officials, including the Trump Administration feel they have been negotiating a deal with the u. K. In terms of a trade agreement. That was before the withdrawal of the mexico meeting. A lot of moving parts today. Why am i in washington . Theresa may will be here a little bit later on. The british Prime Minister becoming the first leader to meet donald trump at the white house. From a Financial Market point of view, how significant is this trip . I think its really important. The fact trump sees the relationship with u. K. Being critical to the success of his administration. To me, i think whats important is trying to flesh out what he has in mind in terms of a relationship. Theresa may, clearly the challenge in terms of potential economic slowdown postreferendum is still out there. What we need to see coming into 2017 is clear plans for investment for the u. K. And continue to enable the economy to grow. What is President Trump expecting and hoping to get out of this meeting . I put that question to trumps senior counselor Kellyanne Conway inside the white house. What she told me is the focus is going to be all on trade. I can tell you Kellyanne Conway told me perhaps something they might be discussed privately is ways in which President Trump and his administration could assist Prime Minister may in helping her meet at march 31 deadline of triggering brexit. Clearly a lot of different moving parts behind the scenes. What about for him . Does he need to come away with something saying i got this out of the Prime Minister . Or is it enough to say i can get along with countries . The latter. Of political orbit of President Trump and the people in that orbit am talking with tell me today the goal is to not have any hickups publicly. David we dig deep into donald trump and trade policy. With the dow 20,000 calling for champagne or caution . A round of writing reports and the weeks top business stories, including a memorandum from President Trump. He says i like pipelines. David this is bloomberg. David this is bloomberg best. Im david gura. Lets continue our global tour of the weeks top business stories. In asia, samsung is working to rebuild Consumer Trust and Investor Confidence after last years smartphone debacle. Samsung has confirmed faulty batteries caused some of its galaxy note 7 models the burst into flames. What exactly are they saying . They said factories were part of the issue, causing the batteries to overheat and cause fire. Electrodes in the first batch of batteries essentially came as the they cause a short circuit. The the fact that the defect was in the design and manufacturing phases. Donald jin apologized over the issues and said about 200,000 pounds and 30,000 batteries some sun announced it will buy back in the 8 billion in shares on a strong Quarterly Results. Profits doubled almost 6 billion, largely from rising prices from memory chips and tv screens. The results show that samsung empire was not badly burned by the overheating note 7 smartphone fiasco. More than doubled to 6. 92, just under 6 billion u. S. Dollars. That was driven largely by the semiconductors, a unit doing very well for samsung over the last year. And a recovery in its mobile business. They do expect earnings overall to decline quarter on quarter. Opec Oil Producers have agreed on a way to monitor compliance. They are not at 100 yet. The saudi minister says they hope to reach that 100 level in february. Everyone complying fully with their quota levels. They are setting up a committee of several of the countries that will look at exports. They will look at socalled secondary sources, which are analysts that look at the market. President trump taking steps to advance construction of the controversial keystone and dakota pipelines. This idea of everything has got to be done with u. S. Steel and u. S. Based products and workers. This is an encouragement for transcanada to reapply. A direction for agencies to look at things quickly and nowhere President Trump is coming from. These discussions and negotiations have not yet totally begun. One has Something Interesting and thats the call for looking at regulations that impede american manufacturing, construction of new plants. Hes asking for a collection of comments that will be published to help and guide the regulatory process Going Forward and perhaps a limitation of regulations. That when you say he did something. The other is what he says is i like pipelines. If you want to reapply, i am in favor of it. President donald trump acted on two of the most fundamental and controversial elements of his president ial campaign, building a wall on the border with mexico and tightening restrictions on who can enter the u. S. President trump beginning today the United States of america gets back control of its borders. Gets back its borders. This was an executive order in which the president ordered the construction of the mexican wall. Of what needs to be done by congress to move this forward . This was Campaign Rhetoric repackaged in the executive branch. And now the ball moves to congress for Top Republican leadership like house bigger paul ryan are already meeting with their advisors on how exactly to move the president s agenda into a budget. There are some Creative Ideas that ive been coming up with for the taxpayer may see initial down payment, but then eventually the security measures paid for by increasing a Border Security fee for visa applications from mexico and Central American countries that are the biggest offenders of illegal immigration, to things like Border Security fees and remittances going from the United States to these countries, a Border Security fee attached to that. Networking giant cisco announced yesterday it will buy Software Maker ap dynamics. This is ahead of the planned ipo. You were try to make a pivot into some of the harvard business. White is this particular company help you do that . If you look at app dynamics, gets a cloudbased dynamics management system. What they do is translate application performance into Business Insights for the customer. They do it across both private cloud and public cloud. We think the synergy of what we see and what they see if the application layer creates visibility Vanilla Company in the industry can provide to our customers. The China Central bank is ordering the nations lenders in the First Quarter of this year. A tricky situation right now where you have to balance keeping liquidity in funding and credit risk. And the mountain of debt and china. You have to balance that. Especially as the Chinese Lunar new year is coming up quicker this year. January also is the time when banks frontload their lending for the year, especially in mortgages. That concern, you need to balance credit risk and keep enough funding in the Financial System ahead of and into the prolonged Lunar New Year holiday. The ppoc has ordered banks to strict the control new loans. This includes a request for banks to keep increases in new mortgage lending below that first increase we saw in the Fourth Quarter. After months of negotiations, johnson and johnson has won over they are buying the swiss drugmaker for 30 billion. It will help j j become the leader in medicines for a rare type of high blood pressure. What was it that finally decided the owners to go with this. How they structure the deal in the end . I think the answer is in the structure of the deal. I think everybody has been openly talking about the fact the ceo of actelion was reticent in giving up control of the company. This is the best deal they can put together in terms of the structures made. He gets to run actelion 2, or whatever you want to call it, and j j gets a control sales growth. Barclays bank has settled on dublin for its main hub and the European Union. They will move 150 staff there. They will lose easy access to the european trading block with people with knowledge of the decision. Choosing dublin is one thing. Taking a whole host of people out of london is another. Its the former not the latter, isnt it . Barclays is never been on the end of the more apocalyptic warnings after brexit. Just 150 people, it will not change the overall structure of the group which still has hundreds of thousands of employees elsewhere in the world. We can see cities emerging as winners. We have dublin, a number of banks looking to go there. And we also frankfurt and other u. K. Banks including lloyds are looking to set up a series to operate in those cities. This isnt quite the end of europes Financial Center yet. David welcome back. It has been historically on wall street with the Dow Jones Industrial 20,000 for the first time. What this is milestone actually mean . We covered it in detail on Bloomberg Television. Are we at an Inflection Point . Is this an indicator of positive the mentals positive fundamentals . That is the hope. When i woke up in the middle of the night on november 8, number nine and i saw the dow was down 600 points. Since that time we came roaring back 3000 points or 15 . Is basically hope. The hope is we will see reform for Corporate Income tax regimes that makes it more advantageous to be in business in the United States and navy cement for structure spending. There is a lot of optimism. It is manifest in the market, and the dow 20,000, and its been a raucous they are right here on the floor of the New York Stock Exchange as we hit that milestone number. If doubt 20,000 signals momentum, what is it tell you about listings of companies . How does this change your forecast and how Many Companies youll see listed on the New York Stock Exchange . Let me take you back a year ago. In the First Quarter of 2016, we had no ipos. Zero. We did not raise any money for Corporate America. Companies were not able to take money they had not raised in invested in their business. I was his meeting with my team upstairs. We expect 10 ipos in the next three weeks, including four on friday. Those 10 are really big ipos. Most are raising 500 million, 600 million. When we expect to raise 1. 7 billion next week. This is good. Way to be go from here . We had this round number. What does that tell you about what is around the corner . In the longterm, when you look over the balance of the year