david marcus, ceo of evermore global advisers. on this note of where we're discussing the best place to invest really are, the u.s. may look expensive to some market watchers and portfolio managers. do you think though that still some people are underestimating what's going to be unleashed by part of this trump agenda? >> i push back on the notion that the market is expensive. yes, 17 times earnings is not cheap, but it's not expensive. it's nowhere near bubble territory if you look underlying it you can find so many stocks that are meaningfully cheaper. 10 to 15 times earnings for great companies. i don't care if it's boeing, intel, great companies. >> here's the video of the white house meeting between japanese prime minister shinzo abe, united states president donald trump. you saw the two men embrace just a short time ago as shinzo abe arrived at the white house. again, he is the second foreign leader since donald trump became the president of the united states to visit the house. john harwood, what do you make of the kind of

marcus, all of them ceos in their own right. doesn't snap have a big hill to climb here? >> yeah, i think they do have a big hill to climb in two ways. first, on product. i mean, i think snap is just one of the most inventive companies out there. they're creating sort of new ways to use social media, you know, better than anyone else. the problem for them is they're being copied, and then the ways that facebook is sort of copying them is often kind of extending what snap did and making it, you know, translating it well to the facebook and instagram and whatsapp audience in a way that really kind of undercuts with what snap is doing. you know, snap's user growth could suffer because of the product side of it. and then on the other side, i mean, facebook just has this huge lead in the digital ad business. and so, you know, it has all these contacts with the advertising industry to get those advertisers, you know, not exclusive. it's not like the advertisers won't go with snap, but it's, you know, it makes it much more difficult fo

david: this is bloomberg. germany is one of the staunchest allies and biggest trading partners that the u.s. has, since final trump's election, this important relationship has been put under a harsh spotlight, first under the harsh -- first by president trump and just this week, when peter navarro gave an interview to the financial times saying quote, a big obstacle to the european proposed trade deal is germany, which continues to exploit other countries in the u.k. -- in the eu with an employee -- implicit deutsche mark that is grossly undervalued. michael fuchs is still with us. from yourp-to-date, point of view, from berlin, where does the relationship stand? michael: you have to know, germany has always been the country saying that the european central bank has to be as independent as possible. we don't want to have influence on banks. , there habit of germany is no influence of anyone in the government on the ecb and the ecb is the one responsible the currency. on the other hand, it is a question of valu

. >> reporter: in san jose, david louie, abc 7 news. >>> opponents of president trump's policies are targeting his daughter, ivanka trump's fashion line. yesterday, nordstrom announced they would no longer sell the line because it is performing poorly. and neiman marcus is pulling her line as well. >>> from october 11th through yesterday, the hash tag had been seen on twitter over 600 million times. from what i have seen throughout this movement, people simply -- especially women, don't want to see the name trump, while they're shopping. >> macy's is still selling the line of shoes, a spokesperson for the brand said nordstrom did purchase their apparel for spring. >>> and tomorrow, more than 9,000 people could gather at san francisco's civic center in what is called a no ban, no rally. it is to show solidarity for the president's executive orders, scheduled at 3:00. >>> and we're taking a live look at our tower cameras in emeryville, and some parts of the bay area didn't see muchf the storm, others had rain and clouds, sky 7 flew over the great highway as cars drove through flooded l

. >> reporter: in san jose, david louie, abc 7 news. >>> opponents of president trump's policies are targeting his daughter, ivanka trump's fashion line. yesterday, nordstrom announced they would no longer sell the line because it is performing poorly. and neiman marcus is pulling her line as well. >>> from october 11th through yesterday, the hash tag had been seen on twitter over 600 million times. from what i have seen throughout this movement, people simply -- especially women, don't want to see the name trump, while they're shopping. >> macy's is still selling the line of shoes, a spokesperson for the brand said nordstrom did purchase their apparel for spring. >>> and tomorrow, more than 9,000 people could gather at san francisco's civic center in what is called a no ban, no rally. it is to show solidarity for the president's executive orders, scheduled at 3:00. >>> and we're taking a live look at our tower cameras in emeryville, and some parts of the bay area didn't see much of the storm, others had rain and clouds, sky 7 flew over the great highway as cars drove through flooded