in the u.s. and for the u.s. defense department, of course it's the civilian commercial industry has been a critical component of expanding capabilities. and, in fact, more and more of the newest important developments are being researched and financed and deployed in commercial industry. and then they're an important component even of the defense structures. and korea certainly has a very rich indigenous capability beyond the defense sector. so it's these kinds of developments that could be -- that could really round out the relationship even in the military-to-military technology relationship. that it's easier for the commercial spread in the region or the ability to use artificial intelligence in all sorts of weapons systems as well as beyond. and then even a capability like blockchain that may be able to -- for example is already being used in china to promote better, cheaper logistics in the commercial industry. korean and u.s. industry r and, d capacity could work together through programs like murray to ro

trump: u.s. competition? [laughter] >> that's what we wanted. >> competition. >> you've done a great job. thank you. >> thank you, mr. president. >> appreciate it. >> thank you for the invitation. we are a strongly localized in the u.s., 80% is already localized. very proud. we have all of the elevators in the freedom tower. for our people, our big pride. have 3000 apprenticeships with young people each and every year. so compared to: the size of what you do elsewhere -- >> similar in size. because years ago, we have acquired dover, and this made us quite stronger. pres. trump: great product. i've used your product, as you know. great product. thank you very much. >> thank you, mr. president. thank you for the invitation. it's an honor. i'm c.e.o., oil and gas. coming from norway, the region of norway. the president of the u.s. -- 430 years now. substantial investments over the now, -- for 30s now, substantial investments over the years. onshore, offshore, extensive trading business and also renewables. not s

with the u.s. until recently was saying the relationship with the cause is transactional but right now off the vices i think the talk is that it is beginning to understand and well seasoned to be gullible in this sense the us is going to maintain a longer relationship with the kurds and i agree with joshua yes this is at the expense of turkey the that the us is slowly less concerned about losing turkey to russia which previously the state department and the u.s. has always been worried about but i think that concern is much less now than what it used to be especially with the one at the helm this may change some point so he does care about going to change of attitude so that you raise that i mean the u.s. was against the kurdistan the independence referendum and iraq and yet they seem to support this some that type of action if it ever were to get to that point in syria a real change in policy here isn't it it is it is and i think you're very right to bring up that comparison because many friends h

and we also heard the u.s. vice president saying that the u.s. decision to move the embassy is a first step towards a new era of peace negotiations now as far as we know he's not meeting with any palestinians while he is in the middle east so what are we hearing from the palestinians they're actually saying the opposite aren't they. yeah they do actually they would call it if it is the end of an era for them because the end of an era as the us as peace and negotiate or because at the moment there are no negotiations and the saw in the reports of pictures also of the israeli i have no make hits on the joint list they had said before the speech that they would boycott the speech they went and the beginning of the speech and the protesting that removed the knesset this and this decision is all against any and the peaceful movement but not bring peace to the recency and to any peace initiative unpunished and so of course they have said already back in december shortly off to. announce its decision to recognize a truce and asked a couple of israel tha

is a u.s. backed alliance of kurdish an arab fighters controls almost twenty five percent of syrian territory in the north and the east where chalons reports. but russia's foreign minister had a stark rebuke for the u.s. on monday speaking as a media conference in moscow a lover of said the creation of his own controlled by u.s. backed rebels risks syria's territorial integrity turkey's president also opposes the plan he's attacking reports of the u.s. backed kurdish border force russia typer one says turkey will launch its own military operation against the kurds in the northern syrian city of a free shot at that it is secure well and now the united states has confessed that they are forming a terror army along our border what we have to do is to strangle this terror army on our borders before it is born turkey has for its kurdish factions inside its borders for decades and doesn't want to see them gaining more power in neighboring syria box in northern syria the americans have long been suppo

u.s. government shutdown is delayed after arrival senate has failed to reach a compromise. you know there. are live from doha also coming up. president promises to cross kurdish fighters this is military continues its ground operation in northern syria . vice president mike pence arrives in tel aviv on the first visit by an american trump recognized jerusalem as israel's capital plus. in the far east of indonesia is facing a serious health crisis i'm stuff lots of reporting from the us market region in the south of where children are dying because of undernourishment and measles outbreak. u.s. government shutdown is set to continue on monday as republican and democrat senators struggle to end the stalemate over funding. a vote on the government spending bill has been delayed until monday after the two sides failed to reach a compromise money for federal agencies was cut off on saturday affecting a range of departments including paul support and visa services immigration is the heart of the

the u.s. national weather service has issued wind chill advisories and freeze warnings from texas to canada but the munsters sign clone now descending on the eastern coast of the u.s. . is expected to strike hardest in new england john hundred zero zero zero chicago . recap the headlines now on al-jazeera u.s. president donald trump says former chief strategist steve bannon has lost his mind and i described trump's eldest son as treasonous and unpatriotic and a new book the comments refer to meeting between donald trump jr and a lawyer with russian government connections the white house says the allegations are baseless i think that is a ridiculous accusation and one that i'm pretty sure we've addressed many times from here before if that's in reference to comments made by mr bannon i'd refer you back to the ones that he made previously on sixty minutes worry called the collusion with russia about this president a total farce so i think i would love to look back about fifty but he's been incon

the u.s., earnings almost tripled from the prior year. we also saw halliburton up. you.ank through, ites me looks like the house has the necessary votes to pass the stock cap funding bill. no confirmation yet, but again getting much closer for the spending bill to hit president trump's desk. we should have less than 30 seconds left on the vote right now. let's bring in our reporter. surprise,is is no given the fact we saw what happened with the senate and house. where we stand right now it comes to immigration because that is going to be the key issue the next three weeks? >> the house is still voting. the bill will go to president trump who is expected to sign it and this gives three more weeks for more negotiations on immigration and other issues such as disaster recovery funds and budget spending. the immigration is a sticking point and president trump already met this afternoon with a group of republican senators senator, lindsey graham, who has been trying to go hemise said the way to bel

ever since u.s. president double trump declared jerusalem the capital of israel well today lawmakers inside the israeli parliament made it clear to the u.s. vice president that jerusalem is where policy and people are. i'm burnt off in berlin this is the day. jerusalem is israel's capital the united states embassy will open before the end of next year. we send the message that not the entire knesset is in favor of or pence. mischievously must be the capital of palestine and west jerusalem the capital of israel. clearly there is a problem with the descent of the european state continue to believe that the only problem i think realistic solution portugal some of my past the promise about it some of the ca chanst and so that has to be the capital of the states. also coming up tonight germany is moving closer to a new government but one young leader among the social democrats considers sharing power with chancellor angela merkel to be something like the kiss of death for his party. we don't want it but w

the u.s. economy and the fed path this year? and the former uber boss travis the private sale of a 29% stake in the business. will this be the start of a new era for the ride hailing company? matt: good morning, guy. great to see you back here on the european open. take a look at what we are inecting this morning futures. not a lot of movement there as far as directional change. maybe we see it continue to this rally we saw yesterday, although i can't believe we would see the same kind of scale as yesterday. the cac and dax yesterday and euro stoxx 50, up 1.5%. big gains in europe yesterday. we could see gains today. you would expect to see investors selling off debt in order to raise cash. you don't see that so much. this is the one-month chart. let me switch it to one-day chart. bund truem into the today. yields are up a bit, so investors are selling off on this to a next and, but looking at a 44 on the bunds. not a huge for -- break from the range. thatstocks bid, the story has dominated th

why does the wall not help the u.s. economy or u.s. workers? yes, there is some evidence that immigration has some negative effects on a small segment of the u.s. population, namely high school dropouts and prior immigrants. they often compete for the very same jobs as low skill jobs as the newest immigrants that arrive. however, the right response for those small segment population that are negatively affected in terms of employment, is for us to help them with vocational training, with providing them with medical insurance and other capacity to locate jobs that are more productive and more rewarding. to a large extent, undocumented workers work the unpleasant thatkbreaking jobs nativeborn workers are not willing to perform. in agriculture, in seafood processing factory, and landscaping or taking care of the elderly and the terminally ill, often very psychological to -- psychologically demanding jobs as well as hard, physical jobs. these economic sectors will be hurt by mass deportation, but also the quality of life in the u.s., the quality of

on the u.s. away from from the partnership well that is certainly what many experts in washington talk about the american in this administration is being afraid of and it is a very good question of you two because in fact every time there is does a liberal or center left government in power in south korea washington is very cautious and pays a great deal of attention to any sign that this government may be less invested in the military alliance with the u.s. as perhaps the conservative administration in south korea might be because the from the point of view of south korean conservatives this alliance with the u.s. is of paramount importance this is what keeps south korea safe from the north korean threat and it must be preserved. at all cost but if you talk to the liberals there are reservations of the utility of this alliance especially in the current climate where there are indications coming from washington that what perhaps the donald trump administration might ultimately want is to use mili

since u.s. president double trump declared jerusalem the capital of israel well today lawmakers inside the israeli parliament made it clear to the u.s. vice president that jerusalem is where policy and people are colliding i'm burnt off in berlin this is the day. jerusalem is israel's capital united states and the sea will open before the end of next year. we have the message that not the entire knesset is in favor of things. going to east jerusalem must be the capital of palestine and west jerusalem the capital of israel. clearly that is a problem with your consent of the european states continue to believe that the only problem i think realistic solution for general selamat has to come from god it made the ca shims and so that has to be the capital of the states. also coming up tonight germany is moving closer to a new government but one young leader among the social democrats considers sharing power with chancellor angela merkel to be something like the kiss of death for his party. we don't w

the u.s. president was the hottest ticket here in davos he was expected to bring with him a message of america first and he did or be adding not america alone his message was a sales pitch he said america is open for business invest in america and the davos elite well they decided that this was a message not really tailored for them it had more of a domestic focus the u.s. president used his speech to what he considered his successes jaring his first year in office including the corporate tax reform the low unemployment rates and record off the record on the stock market now some of those messages did go down well with corporate chieftains he held a dinner with c.e.o.'s of big name companies including s.a.p and zealand's and then they congratulated him on the slashing of that corporate tax rate and they said that they would invest in the future on the whole it was a more subdued tone from the u.s. president there wasn't anything particularly inflammatory or weak leaders have been laying the gr

the u.s. open to talks with kim jong-un's regime under the right circumstances. north and south korea have agreed to military talks but north korea says it's military program is off-limits. canada's dollar and mexican peso fell after there is an increasing likelihood president trump will give six months notice to with draw from nafta. a white house official says there has been no change. canada this week filed a wto complaint. a move described by a trade representative as ill advised. the u.s. says it is deeply disappointed that myanmar is formally charged two journalists for violating the official secrets act. --y are accused of rights groups have criticized myanmar's new citizen government for using colonial-era laws to imprison journalists. germany is maintaining a hard-line stance on brexit, demanding the u.k. pay for the privilege of financial firms having access to eu markets after it leaves the bloc. german officials say the u.k. cannot hope for a trade unlessnt which has -- britain mak

aside from the u.s.'s trade efforts, the remaining 11 members are meeting in japan later this month to attend a final agreement. with the backdrop in mind, asian currencies have been rallying heavily over the past year. check out the screen to see how the gauge of regional currencies have been faring. they mark the first annual gain since 2012 since the beginning of 2017. when currency that is starting 2018 off on the right foot is the malaysian ringgit. a cross the level for the first time since august 2016, as you can see from the terminal. we are saying that level just flirting with that level right there. given that we have speculation around the upcoming election in malaysia. let us check on what is making moves. industry.e, leading group games rising over 1%. we do have, when it comes to stocks that are leading gains, a . -- a stock thatoc was cut to the neutral after its plan to enter the mobile phone business in japan. that brought by ratings to a 12-year low. the fourth day of losses for the stoc

if the u.s. were to exit nafta. >> all right. good morning, and thank you for having morning. this is a important week as the so-called intercessional meeting before round six in canada at the beginning of next year kicks off. so we'll be seeing a lot of discussions as to some of the hot button issues, whether it is root of origin or sun set closes or the issues that are in the conversation. and the one issue that i would add to tony's list of sort of how it impacts the daily lives of americans is cost of cause. if the u.s. were to impose some of the issues that it would like to impose on rules of origin and the automotive sector, there will be a important impact on the price of automobiles in north america. it is a hard question because if you look at the 2016 presidential campaign, this was a campaign that was won not on public policy debate or discussions but on narrative and story telling. so how do you transform very compelling data despite that we seem to live in a fact-free washington thes

the red is the u.s. the red is the u.s. the most striking thing here is look at the two middle options - the one that says stricter sanctions against north korea and military action by the united states and its llies. you see how very few agree with those options. in the case of japan, only 11% think stricter sanctions will work. in the case of the u.s., 7%. the same thing with the military option, it percent and 11% think those would work. -- 8% and 11% think those would work for it. slightly more republicans think that is possible, but 17% so still not huge on this issue. instead, the u.s. and japan in the case of the u.s., 35% and multiparty negotiations. in the japanese, the first option is a little bit stronger than the others, 21%. between north korea and the united states -- and you see at the very bottom, a lot of people think it will not be resolved, particularly the japanese in 21% more realistic about that. the united states initiating military action against north korea in an attempt to stop its nuclear program.

on the u.s. away from from the partnership well that is certainly what many experts in washington talk about the american in this administration is being afraid of and it is a very good question of you to ask because in fact every time there is does a liberal or center left government in power in south korea washington is very cautious and pays a great deal of attention to any sign that this government may be less invested in the military alliance with the u.s. as perhaps the conservative administration in south korea might be because the from the point of view of south korean conservatives this alliance with the u.s. is of paramount importance this is what keeps south korea safe from the north korean threat and it must be preserved. at all cost but if you talk to the liberals there are reservations of the utility of this alliance especially in the current climate where there are indications coming from washington that what perhaps the donald trump administration might ultimately want is to use m

by u.s. vice president mike pence says and as well as part of his middle east hallway a promise to benjamin netanyahu has called him a great friend but palestinians in the occupied west bank protested against his arrival as the highest level u.s. visit since president trump decided to recognize diversity in us as capital in december and jordan on monday king abdullah told patton's the u.s. needs to rebuild trust after the policy change how a force that reports from occupied east jerusalem. on the second leg of his regional visit the us vice president was keen to offer assurances to a major middle east an ally and by extension to the palestinians who refused to meet him on the issue of jerusalem we are committed to continue to respect jordan's role as the custodian of holy sites that we take no position on boundaries and final status those are subject to negotiation and and as i make clear to you the president made clear the world united states of america remains committed if the parties agree

when the u.s. economy runs past 3% or more, you need import labor, import workers and you do it from mexico and central america. if you are not allowing enough, the market, the invisible hand takes care of doing that. those who came from mexico for years and years, they can because they had a job. because they could get income. now the economy cannot absorb them, ok, fine. it should be like a valve. you bring in labor when you need it, close it when you don't need it. that is what we have to find out. not building walls. that is a waste of money and not the answer to the problem. the answer to the problem is in the migration bill that we integrated together, president bush's administration and mine, and senator mccain. it is sitting there and has been sitting there for 10 years. you will find all the answers to solve this difficult problem. it will be a guide for africa and europe, for latin america. there is migration all over the world. we should have some wisdom to have a hand in migration. i am

when u.s. consumers go on a spending spree, imports in the u.s. rise dramatically. look at the latest quarters. current account deficit rises. when that happens, supply of the u.s. dollar goes up. we have gone from negative supply of the u.s. dollar for about 2.5 years, which was actually pushing the u.s. dollar up, to where supply of the u.s. dollar is growing at around 3% to 5%. safety value that of the u.s. dollar diminishes at the same time. people feel that the demand is back in the global economy. rishaad: you are saying there is more weakness in the dollar at? viktor: it could reverse itself easily. think of it this way -- if u.s. personal savings were 4% rather than 2.6% -- remember it was 4% only 18 months ago -- u.s. growth rate would be less than -- rishaad: is the dollar going to weaken further? don't hedge your bets. viktor: over the longer-term i have a great -- it will weaken. rishaad: thank you. it's like pulling teeth. viktor: depends on the timing. [laughter] if it goes in reverse, you'll get quite a recovery. rishaad: thank you. just want to tell

why does the wall not help the u.s. economy or u.s. workers? yes, there is some evidence that immigration has some negative effects on a small segment of the u.s. population, namely high school dropouts and prior immigrants. they often compete for the very same jobs as low skill jobs as the newest immigrants that arrive. however, the right response for those small segment population that are negatively affected in terms of employment, is for us to help them with vocational training, with providing them with medical insurance and other capacity to locate jobs that are more productive and more rewarding. to a large extent, undocumented workers work the unpleasant, backbreaking jobs that nativeborn workers are not willing to perform. in agriculture, in seafood processing factory, and landscaping or taking care of the elderly and the terminally ill, often very psychologically demanding jobs as well as hard, physical jobs. these economic sectors will be hurt by mass deportation, but also the quality of life in the u.s., the quality of u.s. society w

well the latest u.s. job figures have not met market expectations the economy only added a modest one hundred forty eight thousand jobs last month that was well below the forecast analysts say jobs growth is slowing down as the labor market is full employment the unemployment rate is still at a seventeen year know the good news for american workers is that wages are increasing analysts expect the economy and the labor market to benefit from the corporate tax reform despite not the dollar trimmed gains on friday against other major currencies well the white house has announced it wants to open almost the entire u.s. coastline to offshore drilling use it to the is it energy companies but several coastal states have already vowed to do whatever it takes to stop it happening. the five year plan calls for forty seven new offshore leases opening waters that have been off limits for decades including areas off the california and florida coasts is a move that the u.s. interior department says is in the nation's i

rachel: u.s. high-yield. subadra: u.s. high-yield. lisa: what is the better bet over the next three months, buying government bonds in greece were germany? luke: i did not just the beginning of that. lisa: greece or germany 10-year bonds? luke: greece. rachel: the horizon is critical, greece. subadra: greece. surgeuninfected with big in inflation or unexpected big drop off in growth? luke: inflation. rachel: inflation. subadra: inflation. julie: everybody agrees. subadra rajappa, luke hickmore, rachel golder thank you so much. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ >> is 1:00 in washington, 2:00 a.m. in hong kong. i'm david westin. shery: we

rachel: u.s. high-yield. subadra: u.s. high-yield. lisa: what is the better bet over the next three months, buying 10 year government bonds in greece or germany? luke. >> greece. >> greece. rachel: the horizon is critical, greece. subadra: greece. lisa: unexpected big surge in inflation or unexpected big drop off in growth? luke. luke: inflation. rachel: inflation. subadra: inflation. julie: everybody agrees. subadra rajappa, luke hickmore, rachel golder thank you so much. this is "bloomberg real yield." ♪ ♪ yousef: welcome to "best of bloomberg markets: middle east," i am yousef gamal el-din. keep the cuts, opec and russia outputs no early end to curbs and signal readiness to extend the deal into 2019. we speak to the world's two most par 4 energy ministers. ipo is stillmco likely.

rachel: u.s. high-yield. subadra: u.s. high-yield. lisa: alright, what is the better bet over the next three months, buying 10 year government bonds in greece or germany? luke. >> greece. >> greece. rachel: the horizon is critical, greece. subadra: greece. lisa: the last one is, unexpected big surge in inflation or unexpected big drop off in growth? luke. luke: inflation. rachel: inflation. subadra: inflation. julie: alright, everybody agrees. subadra rajappa, luke hickmore, rachel golder thank you so much. this is "bloomberg real yield." ♪ ♪ scarlet: i'm scarlet fu. this is bloomberg's"bloomberg etf iq" where we focus on the risk and rewards of exchange-traded funds. ♪ scarlet: we have more than $1 billion dollars flowing into capital index funds, and we get a nation of why something these funds are freeloaders. investors short the vix, and we speak with the executive behind

the u.s. pushes for an emergency un meeting to discuss the anti-government protests in iran . follow on down jordan this is down to zero live from doha also coming up u.s. president donald trump hits back at north korea warning on twitter that his nuclear button is bigger and more powerful than pyongyang's. pakistan denies u.s. claims that it's not doing enough to fight terrorism as washington pulls a quarter of a billion dollars of aid. and a cartoon about a sweet factory in gaza tells the bitter reality of life under siege. the u.s. has called for an emergency session of the u.n. security council to discuss the protests in iran the iranian supreme leader has blamed his country's enemies for six days of violence in which twenty one protesters and the police officer died a big security operation is in force in several cities mike hammer has the latest from u.n. headquarters in new york. ambassador nikki haley called a briefing to outline u.s. priorities at the united nations in this new year a

actually the u.s. to china, u.s. to asia demand has been very healthy for ctrip and this part of the market is growing as well >> you released a book recently that argues that the aging demographic in china is bad for innovation you could argue some ceos of tech companies could disagree with that argument what do you mean by that china has made no secret about their ambitions on the tech front, yet the reality is because of the one-child policy you are facing this wave of aging citizens i think the fact that the age of the demographics, the size of the population, especially young population is critical for innovation the reason china has been so successful in the last decade because it's a huge young cohort of innovators. going forward, china will still enjoy 10, 20 years of healthy demographics those people were born in '80s, they are a huge cohort they will become a prime age of inno vague in tvation in the 30s but because one-child policy was strictly enforced in the '90s, so after 2030, 2040, you have a much sma

it puts the u.s. at a disadvantage because south korea may well go ahead with this, and it would seem to up the pressure on the u.s. secretary of state tillerson said he might be willing to have a back channel into talks, but then president trump shot that down saying will not have talks. talks,two sides to have it will be interesting to see how president trump responds. he did not respond except to say, we will see. we will see. thiss not tweeted on the -- on this since it became public yesterday, so it will be interesting to see the reaction from the white house. tracy: jodi schneider jumping nukes toh korean unrest. we will be delving deeper into those protests in iran with the national iranian council president joining me around the half hour mark. up next, china's economy shows more strength with the caixin manufacturing survey beating expectations. we will look at whether that momentum is set to continue. this is bloomberg. ♪ rg. ♪ tracy: this is "bloomberg markets: middle east." i am tracy

we do not follow it as much here and u.s. -- in the u.s. the question is what kind of outcome that is the public perceive for the korean peninsula. from oneple ranging third of americans and 20% of their stability will remain the same roughly. very few people say north korea and south korea will have reduced their attention and improve their relations. even fewer say they will be unified. think thatot relationship is going to profoundly change. they differ on the level of instability really whether it is going to remain the same or it is going to increase in the american side -- it is going to increase. side, peoplean think it is a lot worse and that is striking in comparison to the japanese. in the case of japan, a lot of people said they do not know. you think the north korea crisis has affected japan's relations with the united states? again, interesting, because they both have similar perceptions. public thinksch they have been strengthened. the people who say they have been weekend are among the japanese at 4% but it is a bit high for

. >> u.s. competition? [laughter] >> that's what we wanted. >> competition. >> you've done a great job. thank you. >> thank you, mr. president. >> appreciate it. the invitation. a strongly localized in the u.s., 80% is already localized. very proud. our big pride. haveur other thing is we 3,000 apprenticeships for young people, each and every year. >> so compared to the size of what you do elsewhere -- >> similar in size. years ago, we have acquired dover, and this made us quite stronger. product. i've used your product, as you know. great product. thank you very much. you, mr. president. thank you for the invitation. it's an honor. , oil and gas. coming from norway, the region of norway. u.s. --ident of the substantial investments over the years. onshore, offshore, extensive trading business and also renewables. not solar but wind actually. so quite sizeable business. not as big as they are, but it.e working on so we're growing and increasing production. we have three areas onshore. to eight fields offshor

the u.s. senate failing to agree on a new spending plan the republicans and democrats are being blaming each other will be asking how the shutdown of the u.s. and. also on the program turkish troops have stepped up the shelling of the syrian town of fruit in a campaign against the kurdish militia that control the region despite washington's appeals for restraint turkish officials say a ground and air operation is now under way. hello and welcome my name is christopher spring it thanks for joining us a year into donald trump's presidency the u.s. remains a country racked by political division on the very day marking the first anniversary of trump swearing in ceremony the federal government has shut down after congress failed to reach a last minute deal on spending it means government workers will be staying at home halting all but the most essential operations recriminations have already begun. it was a night of partisan politics at the capitol despite hours of debate and last minute deal makin

the u.s. military has put countering china and russia at the center of a new national defense strategy the u.s. defense secretary jim mattis called the two powers growing threats and lamented an erosion of military readiness capability to confront them it's the latest sign of shifting american priorities after more than a decade and a half of focusing on the fight against islamic militants the twenty eighteen national defense strategy calls for an increase in the size and budget of u.s. armed forces which is supported by the president. turkey has intensified shelling of the northern syrian town of afrin in a move to oust a u.s. backed kurdish militia on chrissy's the tens of thousands of kurdish fighters massed there as terrorists and is valid to press on with a full scale operation against them but syria has warned against an incursion and has threatened to shoot down turkish jets. their target is a differing syria that's where turkey believes the kurdish y p g militia has its bases artillery

the u.s. sale industry. and the iran ultimatum, president trump threatens to scrap the deal unless europe agrees to new restrictions. he says this is quote, "the less chance." it is 8:00 a.m. across the emirates. 4:00 a.m. in london if you are up early. this is "bloomberg markets: middle east." i am yousef gamal el-din. what a momentous two weeks we have had in the first of 2018 and bulls have been in charge again, consumer discretionary pushing up some of the industries. of a&p 500 up 7/10 percent, the eighth advance in nine sessions and the nasdaq showing strength. we saw a soft spot in some of the property stocks. the story.o year was we look into that trade. rosengren says that this does not indicate a recession, is that the case? we have quite a bit of weakness. a key scene for the markets going into a fresh week. they are at their lowest since september and basically dropping against all of the g10 peers. that is feeding into other key asset classes, euro-dollar up. the strongest in abou

has been one of the u.s.'s closest allies in syria would an attack by turkish military forces lead to a further deterioration in ties between turkey and the us. yes i do think so i mean turkey and the u.s. are of course nato allies but they have very different strategic goals especially when it comes to the role of the y. p.g. militia as you rightly mentioned the u.s. considers the y.p. g. and essential if not the most important proxy in its war against islamic state jihad is inside syria while taki on the other hand thinks the y.p. g. is a terrorist organization with links to the turkey based p k k the kurdistan workers party that is fighting for independence and fighting the turkish army inside turkey so this is a very huge conflict i do not see any solution to this conflict so yes this is going to cause definitely much more tension. reporting for us from istanbul thank you. now to some of the other stories making news around the world a french court has dismissed a case against soldiers who were charged wit

the u.s. though is determined that the move will go ahead and quickly pence announced that the us embassy will relocate from tel aviv to jerusalem by the end of twenty one thousand. for for more now we want to speak to our jerusalem correspondent tanya kramer good evening to you on yours so we know that the vice president said he came with a message from the u.s. president and we heard that today what else was in ben's is message to the knesset and to the world. well we heard a speech from impact with fifty could references and also praising history praising the ties between israel and the u.s. and also praising again the u.s. recognition of jerusalem as the capital of saying what has been done wrong in the past seventy years was being right this time by president trump he also talked about a vote on it's interesting because he said to you vote israeli set and iran would never be able to develop a nuclear weapon and that the u.s. would not be able to certify the disastrous venue nuclear deal o

u.s. is calling for restraint from turkey in its operation against kurdish fighters in northern syria turkish soldiers have entered the clave of a frayne part of an assault to drive out kurdish peoples protection units or y p g well turkish president is vowing to crush the group which ancora views as a terror organization step deca reports now from the charkhi syria border. the border echoes with the sounds of war turkey's offensive on africa is now well under way the ground operation started on sunday turkish soldiers supporting free syrian army fighters inside syria. turkish president brigitte type edging defiant as he addressed a march crowd in the city of course. this is a national struggle and then this national struggle to crush anyone who stands against and let this be known. it's been a week of rhetoric politicians promising that turkey was going to attack a free to rid of the y.p. g. kurdish fighters that ankara sitter's terrorists but they're also the u.s. is best ally on the gro

turkish and u.s. relations have been deteriorating again in the last just came after the conviction of turkish banker and who isn't an executive of a state owned turkish bank and it came after the testimony of a turkish iranian gold trader who is a convict in the united states for evading u.s. sanctions in iran now this whole trial may lead up to thirty years in prison for these comments lately president out of the on the head yet again condemned these actions of the united states. if this is the u.s. understanding of justice then the world is doomed for one thing the u.s. should review its understanding of justice and at the same time strengthen it while the turkish government sees this trial as a u.s. intervention to its internal affairs and this is not the first time that the nato allies have been deteriorating their relationships this bad it has been happening since two thousand and sixteen. in turkey and the president of the one sais that this whole trial has been based on a made up fabricated ev

we see the u.s. dollar continue to decline against the backdrop of the stronger sterling and euro despite bigger than expected bpi on friday. futures in australia, 31 points going into the sydney open. watch out for the mining stocks this week, we are expecting quarterly reports out of the hp and rio, and the catalysts for the aussie dollar being fourth quarter china gdp out on thursday, the aussie dollar currently trading back above 79 u.s. a look at the japanese yen before we head to the tokyo open this monday, we are expecting more pressure to come through from the stronger currency in terms of the equities outlook. sterling traded at 137.37. just reminder, the s&p 500 closing over 7/10 of 1%, higher in eight out of nine days. we have monday markets in the u.s. closed for the holiday. let's get to more on what we should be watching in trading in asia. $24 billion into equities globally last week, this is real and global. adam: it is, and not really selling signs of slowing, which is interesting to

u.s. act saudi air campaign has killed more than 10,000 civilians. this rig norway says it will stop supplying weapons and ammunition to the coalition. we will speak with reporter iona craig. ,> the primary weapon sales armed sales are coming from u.s., saudi arabia. britain, other european countries are involved. canada is involved. i think it is very lucrative business for the u.s. and the u.k. amy: we look at a case that highlights was some are calling the palestine exception to free speech on college campuses across the united states. your fordham to educate the community about palestinian human rights, knows denied that right. i am hoping that for the other classes to come, they will not have to endure the same heartache and issues that i went through. amy: we will speak with student ahmad awad, who assumed fordham diversity in new york, and dima khalidi, director of palestine legal. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i

u.s. president ever. watch for newly unearthed potential legal liabilities to be triggers for upset in the white house. potentially for renewed aggression by white house and republicans who support the white house against the special counsel and the fbi. on that front there's a whole lot of stuff that just happened today. and lot of it was a surprise. let's start with the u.s. attorneys. remember that back in march president trump fired all the u.s. attorneys, all the federal prosecutors around the country. it's within a president's purview to do that. other presidents have gotten rid of all of them too. nobody ever like trump did it. mass firing happened without warning or notice. federal prosecutors removed in the past they were given time to plan for the seamless handing off of their work, making sure nothing was disrupted. in march though, when trump did it, he just told all the prosecutors, you're gone, today. get out immediately. that is totally unprecedented. now that mass firing of

david: let's turn back to u.s. banks. u.s. bank earnings and start coming out tomorrow, led by jpmorgan and wells fargo. they may be difficult to parse because the tax overhaul will affect the first quarter of 2018 now, allison williams from princeton. we talked about this earlier. this will be tricky to parse these because we have these tax overhaul which could affect the first quarter and guidance going forward. >> that is the key question for investors. how much tax overhaul is already placed into estimates and the stock. and how much more we could have to go. the other part of it is what are some of the risks, what are the negative effects of tax overhaul for the banks. there's a lot of optimism out there. for investors, you want to look at the risks that might be overlooked. you mentioned earlier deposit beta, which refers to how much of the rate increases are being passed along in terms of higher deposit -- that is something we are watching this quarter regardless because they've already had several hikes. that pricing p

with the u.s. until recently was saying the relationship with the cause is transactional but right now off the vices i think the talk is that is beginning to understand and well seasoned to be gullible in this sense the the us is going to maintain a longer relationship with the kurds and i agree with joshua yes this is at the expense of turkey the that the us is slowly less concerned about losing turkey to russia which previously the state department and the u.s. has always been worried about but i think that concern is much less now than what it used to be especially with the one at the helm this may change somewhat actually ask about the want to change of attitude so that you raise that i mean the u.s. was against the kurdistan the independence referendum and iraq and yet they seem to support the some of the type of action if it ever went to get to that point in syria a real change in policy here isn't it it is it is and i think you're very right to bring up that comparison because many friends h

president does because if the u.s. were to actually go all the way and terminate the deal and snap back the sanctions that would have a huge impact on the ability of european companies as things currently stand to do what is illegitimate within the e.u. laws to do business with iran and so it does have a big impact on europe ok that was going to be my next question if the u.s. does pull out europe stay the course i mean you know can we not keep going without the u.s. the u.s. is isolating itself called rest of the world cario. certainly since president trumps even election back in november twenty sixth. given his position on the deal there has been work quietly happening behind the scenes of you know why or what are europe's options really if the u.s. does terminate its obligations under the nuclear agreement there are some thoughts put in place organizations like myself and i said you are levi's works would be looking at different types of mechanisms whereby europe can have a contingency plan and that would really be

president does because if the u.s. were to actually go all the way and terminate the deal and snap back the sanctions that would have a huge impact on the ability of european companies as things currently stand to do what is illegitimate within the e.u. laws to do business with iran and so it does have a big impact on europe ok that was going to be my next question if the u.s. does pull out europe stay the course i mean you know can we not keep going without the u.s. the u.s. is isolating itself called rest of the world cario. certainly since president trumps even election back in november twenty sixth. given his position on the deal there has been work quietly happening behind the scenes of you know why or what are europe's options really if the u.s. does terminate its obligations under the nuclear agreement there are some thoughts put in place organizations like myself and i said you are levis works we've been looking at different types of mechanisms whereby europe can have a contingency plan and that would really be

the u.s. will realize that it is there is in their core interests to promote and improve relations with the russian federation including for the sake of international security which we have been talking so much about especially mr lavrov. you think about the european leaders. record neutrally to the reintegration law. adopted in ukraine what you thing can be the practical ramifications. of this lot well this reintegration law if we speak to you from the legal terms is basically erases manes the minsk agreements the agreements that have been adopted. thanks to the. meeting of the four leaders of the normandy group in minsk and this is something that is obvious for us because it's obvious to us as for our reaction i have stated on numerous occasions that we have you were clear information that in europe people in europe and in washington understand what kind of game the ukrainian authorities are playing right now how they're trying to evade their obligations under the minsk agreement but i hope

the u.s. is also said it takes turkey's legitimate concerns of security seriously. brent: tough talk coming from turkey, yet it concedes that it talked about this with the united states in moscow before hand. let's pull in yuri from moscow and michelle in the u.s. capitol washington. good evening. yuri, can we confirm what russia is saying? did it give turkey the blessing for this operation? yuri: there was indeed a small russian contingent there. the kurds believed if the russians were there they would be more or less safe from attacks. they think the forces would not come because russia has a sort of agreement with the pentagon, covering that part of syria. last week a delegation came to moscow for talks with the russian minister of defense, and apparently, they reached a deal. the deal supposedly allowed turkish forces to go in while turkey, for its part, allowed russian, irani in, and syrian forces to bomb the position inland. so there are obviously two operations going on at the same time

rachel: u.s. high-yield. subadra: u.s. high-yield. lisa: alright, what is the better bet over the next three months, buying 10 year government bonds in greece or germany? luke. >> greece. >> greece. rachel: the horizon is critical, greece. subadra: greece. lisa: the last one is, unexpected big surge in inflation or unexpected big drop off in growth? luke. luke: inflation. rachel: inflation. subadra: inflation. julie: alright, everybody agrees. subadra rajappa, luke hickmore, rachel golder thank you so much. this is "bloomberg real yield." ♪ . . ♪ scarlet: i'm scarlet fu. this is bloomberg's"bloomberg etf iq" where we focus on the risk and rewards of exchange-traded funds. ♪ scarlet: we have more than $1 billion flowing into capital index funds, and we get a nation of why something these funds are freeloaders. a stunning lack of volatility in stocks. investors short the vix, and we

u.s. aid. and richelle carey this is al jazeera life and also coming up after days of unrest tens of thousands of iranians rally in support of the government's. spent years cracking down on the opposition out the o.p.'s government says it will release all political prisoners bus or create tests hotline with the south ahead of talks designed to ease tensions on the peninsula. palestinian leaders are condemning u.s. president trumps threat to cut aid to the palestinian authority trouble also says truthfulness off the negotiation table donald trump angered palestinians last month by recognizing true islam as israel's capital palestinians one occupied east jerusalem as the capital of a future state tweeted asking why the us should make any future aid payments to palestinians when the us gets no appreciation. i would say that palestinian dogs are not for sale and will not succumb to the acme they're out imperatives and requirements for peace and unilaterally president campaigns this story done