When you have to do a big costreduction program it is because you have not kept pace. Nejra it has been a year of transition for europes central bank. We are not that yet there. We are not yet there. Nejra it is all ahead on this special edition of bloomberg best. Nejra hello, and welcome. I am nejra cehic. On this special edition of bloomberg best, we will look back. Revisiting the years most interesting interviews with newsmakers, policymakers and leading figures in business and is brexit. Re it the dominant story of 2017 in politics and business. Negotiations over the uks divorce from the European Union not starting until spring. Leaders in britain and europe were staking out positions and anticipating the economic impact. In january, theresa may came to the World Economic forum in davos. To lay out her vision which he discussed which bloomberg which she discussed with bloomberg. The message i brought here to davos is that britain outside of the European Union, we want to build a tr
Steven mnuchin let me first say that i strongly believe and understand that there are very important tools within the Treasury Department that can combat terrorism. Of these tools, such as sanctions, are extremely effective and keep our Armed Services out of harm. So i am fully committed to the maximum amount of law to both in force the existing sanctions in a very strict way. And i will work with the president elect as cc fit on additional sanctions and there are also other programs within the treasury that i believe are very effective in fighting terrorism. It is a very important part of the treasury. And i know that it has been done very effectively. We all agree it is important. What we are trying to do is assess your qualifications. And you are not willing to talk a medicare. You are not going to talk about specifics on terror. Let me take one more crack on qualifications. This is something else. Or you wouldsector have responsibilities on when a foreign investor makes an investme
Well, Industrial Production came in up 6 , full gear. Corridor, 6 versus estimates of 6. 1 . Retail sales for december up 10. 9 , beating estimates of 10 point 7 . ,ullyear 2016 up 10. 4 suggesting chinas consumers remain relatively bullish. Wage hikes are starting to come off and there is a question of whether curbs on property prices will drain money from chinese consumers pockets in the months ahead. Fixed Asset Investment came in up eight point 1 , marginally below the estimates of 8. 3 . Fixed Asset Investment, we will break it down to see much how much a private sector played in the confidence versus state owned enterprises, which have picked up a fair bit of slack, so if that is starting to rebalance, that will be important as well. 6. 7 ,pline line number, clearly the quality of growth will be a top question for people digging into these numbers. Thee had not been rebalancing many hoped to see, the pace of reforms, rebalancing, Smokestack Industries picking up a lot of growth a
He says that president elect Donald Thrump will fail. President legend donald trump will fail. And an exclusive interview with toyota chairman at 11 45 london time. Day ome to bloombergs break europe. m anna. Eric good to see you, george soros punched everybody i think one at a time. Whats the lineup today . Eric this is the first year in my experience that the World Economic meeting has extended to a full fourth day. Moments from now well hear from the Vice President of the e. U. Commission. Te they are morning, joe jimenez, the c. E. O. Of the giant drugmaker novartis. Cannot ignore obamacare, it means a lot to drugmakers. Back to you. Ana amazing that donald trump is not there yet he has such a presence at this event. Conversations about him extend to all corners. A couple minutes past 6 00 here in london. Lets throw up the charts and see whats happening outside of the davos world as well. Janet yellen talking about it being prudent to gradually adjust policy over time. She said the
It is inauguration day. So early in the morning. Alreadyre is i amendments to it, things in washington that are so different than anything we have seen in our lifetime. And many people would say pretty much within the modern political ear. It will be different today in washington. Nrancine like its bee different for the last six months. A busy show from the u. S. Treasury secretary and the harvard present emeritus, larry summers. Then the riksbank Deputy Governor. Secretaryato general. Lets get to bloomberg first word news. Donald trump has promised to unify america as he prepares to move into the white house. Speaking on the eve of his inauguration in washington, he vowed to carry out his campaign wages to harden the borders and strengthen the military. Mr. Trump it is a movement that started and it is a Movement Like weve never seen anywhere in the world, they say. Theres never been a Movement Like this. And its something very, very special. And were going to unify our country. And o