matt and nique. the one where she allegedly flashed him. >> she tore off her top and says, come on, let's go, let's act like a family. >> were you expecting any sort of comment like that? >> never. i -- never. >> once nique disappeared, clegg says, matt leili inquired about having his wife involuntarily committed and even hired a divorce attorney. a man who knows his wife is already dead, he says, wouldn't have done either of those things. >> he did not really want to divorce her. he wanted to let her know, look, here are your options. you can go get help for yourself, or i'm going to go forward with a divorce. >> the defense wrapped up its case by calling matt and nique's two daughters, rebecca, now 14, and amanda, 17. >> did you ever see your dad hit your mom? >> no. >> did you ever see any obvious injuries or bruises to your mom? >> no, sir. >> according to the girls, their mother was the one with the violent temper, not their dad. >> she took a heel and threw it. i myself had to duck from it. >>

matt: us. lori: em. jonathan: final question, bank of japan, kuroda talking up the potential to exit qe in 2019. the ecb versus the boj -- the european central bank against the bank of japan, who hikes first? the ecb or the boj? henry: ecb. matt: ecb. lori: ecb, absolutely. jonathan: fantastic. thank you for your thoughts of what has been an eventful week. that does it. from new york, we'll see you next week, this was "real yield". this is bloomberg tv. ♪ ♪ scarlet: i'm scarlet fu, and this is bloomberg "etf iq," where we focus on exchange traded funds. ♪ scarlet: are passive funds looking to engage? state street joins blackrock in taking up the issue of gun violence with weapons makers following the florida school shooting. vanguard goes where it has never gone before, active quant etf's, and we speak with john ameriks about why the firm is making the leap from plain-vanilla passive

matt: we take the over. is less of a specific issue of mexico and nafta this is a , global issue and a stance of trade policy change and i think the saber rattling will keep the markets concerned, it is not just about mexico, it's more about canada, who is a bigger metals and porter -- metals importer. it's also about japan and u.s. manufacturing. you see broad volatility. nothing that is poked at mexico. jonathan: the details remain to be seen but we may get them next week. if you shifted anything to a year -- to e.m. when these details came out? matt: the spread get in hard currency in our not to similar to what you can get in high-yield corporates, very modest. but if you see trade tension or global volatility increase, you're not compensated for. the local side makes sense because the dollar is likely weak when you are hurting the trade policy stance. jonathan: does what matt said resonate with you? lori: it does. as the gentleman said, improving growth prospects and policymaker flexibility. a dollar not

♪ matt: welcome to "bloomberg markets: european open." i am matt miller. the cash trading kicks off in 30 minutes. ♪ tech tanks, everybody's stock suffering worst day in three years, dragging u.s. equities into a late date selloff. sectorn from the tech keeps spreading. the u.s. is weighing a crackdown on chinese investments in tech. will this be the tipping point for chinese fund managers to turn against treasuries. surprise visit, kim jong-un meets with president xi jinping in his first known excursion outside the country since taking power in 2011. let's look at the action in the markets. there was a lot of it again yesterday. the volatility continues. take a look at the equity ndexed here in the u k we had big games at yesterday following the u.s. and asian trade the day before. the ftse was up 1.6%. in china, you see a drop continuing, 1.9% on the csi 300. keep your eye on what is going on in asian stocks. weakness in the japanese yen. amount a u.s. dollar can buy. the turkish lira is holding under four dollars at a record low. on the next two colum

henry, matt, lori. henry, emerging markets -- a conversation of a trade war holding up really well, why? henry: it is hard to make a blanket statement about e.m. but we like the space and there is a narrative around better growth. a narrative about the early cycle compared with the u.s.. there is this dialogue around the dollar being broadly weaker for the foreseeable future to provide a tailwind to that em position and volatility has come in dramatically those who take a long view of a fundamentally changing em stories are pretty well rewarded. jonathan: let's show you where things are as i see them right now. the mexican peso in emerging markets against the u.s. dollar, on the session, here is the move. a 10th of 1%. matt, if this was 18 months ago and this was the president's best case, that would have a tariff on steel and aluminum with more to come, what the peso -- would the peso move at a 10th of 1%? matt: we take the over. this is less of a specific issue of mexico, and after, -- nafta, this is

jonathan: matt toms? matt: i think ever person more inclined to speak as a money manager then an academic and the potential of a fourth hike doesn't signal an action, it signals a skew. it could be three or four. jonathan: the upside looks like four. the chart of the week, we bake in three for the year. lori, is that your read of things at the moment? did we open the door for four rate hikes in 2018? lori: our view is there will be three hikes. there is a balance, stronger growth but a lot of fears on inflation and it is inflation the fed will be watching to see. whether they have to move more assertively. we don't think that is going to happen. jonathan: short the front end. the trade at the moment on the 2-year note in the united states? henry: probably. remember six months ago, the 2-year note was trading sub 60 basis points and at the most vulnerable part of the curve and people wanted to come in and say shortened durations. the risk is if you move to liquidity too much that is exactly when you are in

matt: welcome to bloomberg markets, i'm matt miller ever wondered headquarters. guy johnson is off this week. they castrated less than 30 minutes away. ♪ matt: trade gains. asia shares recovering, but uncertainty continues to loom over markets. jpmorgan says they still like stocks as long as there isn't a trade war. tightening screws on putin. president trump is expected to take his most aggressive action yet against russia in response to the nerve gas attack here in the u.k. and oil giving up games as the crude futures begin trading. u.n.investors embrace the as a benchmark for global oil transactions? let's take a look at how the gmm shows us traits have gone overnight. you can see here a black box in the israeli equity index. that means that they are down more than three standard deviations away from the average mover. a big drop in israeli stocks. mexico obviously is friday's trade as is the s&p 500. s&p 500 futures are pointing up this morning, so we could see a little recovery in the equity markets. strengthee some dollar not present here in this chart at

matt: this is not unusual for goldman. there had continuity whenever someone leaves to go into a higher calling. you saw that again and again, bob rubin, steve friedman, for example, were leading the firm in the 90's. was certainly not the rest of talent when he departed to the bush white house. this goes a long way. to what you are saying, there is the wall street history that paulson was a banker. goldman had that banking blankfein and with and gary cohn, because they came together through the commodity side of trading -- there was a shift more towards trading. it played into their increase of value risk but the bar measures -- that is what propelled the banks through the early 2000's until the financial crisis. i think other banks move back towards investment banking and away from proprietary trading. goldman never made the switch, in part because it became a much bigger business than it used to be and it is hard to make that much money on investment banking and justify the size of the firm. justify this huge building i

he said, they arrested matt and nick. and i said, matt and nick who? and he said, our cousin matt and nick sampson. >> reporter: it was true. matt livers had confessed to the murders of his aunt and uncle. >> put the gun to her face and blew her away. >> reporter: and he'd named an accomplice. 22-year-old nick sampson. a cousin of matt's on another branch of the family tree. >> my husband had given me the phone. i was sitting up in bed. and i said, andy, should i be shaking? he said, that's normal, the shock. >> reporter: but matt livers had been with them at easter dinner just a few hours before. now he said that he and nick had returned to kill his aunt and uncle. >> our first reaction was grandma she had had just lost her only son and her grandson is being arrested for this. and just like us, she's like, i don't understand. and i said, grandma, none of us understand any of this. >> reporter: did it give you any sense of at least somebody has been found responsible? did it make you feel any better? >> we move on to the next phase of this. we're in th

she must have known matt and nick. so the investigators showed pictures, no idea who they were, she said. never saw them before. >> if they did it, i swear to god, they are dumb people. >> and then, the visiting investigators from nebraska informed her that the electric chair stood ready for her if she didn't choose to cooperate and she reconsidered. >> this guy, i don't know why, but he does look kind of familiar. >> that's nick samson who liked kind of familiar. from there, as the hours wore on, her story shifted, as did the players, time and again until it einvolved eventually that began easter night at bulld bulldog's bar. >> all i remembering hearing was bangs, bang, bang, bang, so i was like that's nod good. so i freaked out and left because obviously that guys up there killing somebody. i don't want to stick around and have to do this. i don't know what happened up there. >> then, with that off her chest, jessica looked again at the 230e9 tphoto of nick. >> i know is sounds really dumb but i kish wish he wouldn'

matt: we take the over. this is less of a specific issue of mexico, and after, -- nafta, this is a global issue and a stance of trade policy change and i think the saber rattling will keep the market concert, this is more about canada. it is also more about japan and u.s. manufacturing and you see broad volatility -- nothing that is poked at mexico. jonathan: the details remain to be seen but we may get them next week. if you shifted around em when these details came out? matt: we believe it makes a lot of sense on the equity side. the spread you get in hard currency is not similar of what you can get in high-yield corporate's, it is modest, but if you see trade tension or global volatility increased -- you could have volatility and you are not compensated for it. the local side it makes more sense because the dollar is likely weaker when you are hurting the trade policy stance. jonathan: does what matt said resonate with you? lori: it does. we have been a proponent for a while. improving growth prospects an

matt: us. lori: em. does the ecb versus the boj -- the european central bank against the bank of japan, who hikes first? the ecb or the boj? henry: ecb. matt: ecb. lori: ecb, absolutely. jonathan: thank you for your thoughts of what has been an eventful week. that does it. we'll see you next week, this was "real yield". this is bloomberg tv. ♪ shery: it is 1:00 in washington and 2 a.m. in hong kong, and from bloomberg headquarters i am shery ahn. david: and i am david westin. shery: here are the top stories we are watching, markets aching a comeback -- markets making a comeback and will are from wilbur ross on why the administration is making this decision. and the nra says it has a positive meeting with the president at the white house. what are the chances of gun control happening and what could be the impact on the manufacturers? and italy's five-star movement is poised for a strong showing as italians had to the polls this week and will look at how italy could impact europe's economy. ♪ markets,t

matt: and i am matt miller from berlin. this is "bloomberg daybreak: europe." manus: where is trumps -- russiae is trumps redline? the white house denies that the president is preparing to fire his national security adviser. matt: russia's election. vladimir putin runs for his fourth term as president as tensions rise between the kremlin and the west. we are live in moscow. >> eu diplomats say that the u.k. has significant work to do on the iris -- irish issue before next week's summit. ♪ anna: welcome to the program, everybody. this is "bloomberg daybreak: europe." 6:00 in london. let's talk about the asian session. -- cac iss in limbo in limbo. spokespeople denying that they are about to remove h.r. mcmaster as national security advisor. there was a little bit of money going into the yen. there are some signs that this kind of ongoing political turmoil and concern around tariffs and protectionism is having an impact on risk aversion. year have a look at the 10 yield. 2.82% is where we are at right now. it is useful to remind ourselves how far we have come f

matt: thanks very much. president trump's tariffs on and clean energy has put america at loggerheads with china and the eu. lew is the latest to join the chorus of voices warning about the threats of a trade war. tom mackenzie spoke exclusively with lew in beijing. >> putting a global tariff -- we're seeing exemptions buildup. the idea that there was a .ational security risk it does not make sense. our european allies are asking the same thing. this is a question about the u.s. and its place in the world. it is fed day in the united states. a hike is almost certain. how many hikes are going to be expected in 2019? joining us now is the head of asset allocation and macro research. good morning to you, kristof. let us talk about both of these things. the latest commentary on trade from the white house. is it going to be a close call, whether they increase the forecast for 2018? expect for this year. not three. 4. jay powell has insisted improvement in the u.s. economy in the past week. today, the fed will hike

matt. matt: asian stocks fluctuated and the yen gained some ground after u.s. equities fell for the third day in a row. this as traders suggested comments from -- larry kudlow. joining us from singapore is mark cudmore, bloomberg mliv strategist. become -- he is newly protectionist when it tradeto the china-u.s. relationship but he seems to be a strong supporter of nafta. can we take some soulless and solace in that? too markets.atters it is not just a story about canada and mexico good there will be a ramifications that spill over to a lot of other emerging markets and economies. that messagehances that trump is really surrounding himself in the administration with hardliners. over boss, peter navarro, and now, larry kudlow as well, advocating a hard line in china. in the meantime, two more moderate business-friendly people are out in tillerson and cohn, both gone. that is sending a message that he is wanting to follow through with this hard line on china, and the us of a trade war are rising. matt: i am not sure if i misread or misheard this, but was he givin

matt? matt: the bank of england is expected to hold off raising interest rates until august but a pickup in u.k. pay growth data out today could embolden hawks at the b.o.e. to press for a interest rate hike in may. it's likely to damp demand in the real estate market. with us for now is charlie campbell, analyst for building materials and house builders at liberium capital. let me ask you first about the result of expectations of a rate hike. we've seen house building stocks underperform the market so far year to date and is unusual for home builders in the first quarter. do you expect that to turn around? charlie: good morning. the u.k. consumer is seeing pressure towards the end of last year and people are wanting to read that into house building demand. we've seen house building demand hold up because of first time buyers. mortgage rates are a potential concern. there's quite a big spread between mortgage rates and base rates and therefore it may be you have to see quite a bit of the ba

matt can bring you the eco-screen. the german current account has fallen a little, but this is one of the reasons you would think you would continue to buy the because of this chunky current-account germany has. we will talk about this later on the program, interesting how draghi had to use language carefully yesterday. matt was there, to talk about how we exit from qe without sending the single currency through the rough. let's talk about energy and saudi arabia. the energy minister has hinted the ipo of aramco could be delayed until 2019. he discussed the latest on the plant listing with bloomberg's and recording -- and murray. aramco's listing, london continues to be in contention. the only certain thing about saudi aramco ipo is that it will happen -- thel anchor market will be the exchange and saudi arabia, which is being prepared to not only take a ram show -- aramco shares , but deliver a lot more foreign investment into the saudi capital markets and given the importance and central role london plays and will co

matt, what have you got? matt: if i look at the winners versus losers, 112 stocks falling on the stoxx 600. take a look at the companies that are moving the market around. you have got the big names here, royal dutch shell, bp, total -- all the oil companies moving higher. oil is movingthat higher even as other commodities are falling. then you see the miners rising, rio tinto is a gainer. i want to mention that glencore is going to purchase rio's stake 82%$1.7 billion in cash, so of that. as far as the losers are concerned, you do not see that many big movers, just a company's polling done the index a little bit, or holding it back. there is really not a lot pulling down the stoxx 600 this morning. talk about the bigger picture surrounding this. trading is getting underway in europe. this story has affected asia as well, the tech slump. facebook and apple, 1/10 of losses yesterday. er joining us now. good morning to both of you. stockwas this just a specific store yesterday? dani: i think it speaks to how do

matt: thank you. you keep prime minister theresa may has publicly accused russia -- a chemicaltack weapon attack on british soil. saying it was highly likely brush it would -- was responsible. she gave president putin until midnight to respond. tony help and.y how worried do think vladimir putin is when theresa may threatens him with a deadline like this? bey: i do not think he will losing much sleep. they have been pretty defiant so far through this controversy. they said it is nothing to do with russia. the russian foreign minister called it a political circus and was linked with fairytales based on provocations. he will come out suddenly today and acknowledge any kind of responsibility and offer contrition. there is an election in a few days time on sunday. mr. putin will be reelected for a fourth term. they will want to project strength and defiance to his electorate. i do not think russia will make any kind of mea culpa. as you point heard out from russia and highlighting a little bit of what the

matt: you come to bloomberg markets. i am matt miller and our london headquarters -- berlin headquarters. is 30en of cash trading minutes away. stocks soar. global equities with higher as trade concerns abate after the worst week in two years. the s&p 500 rises the most in's 2015. deutsche bank drama. germany's biggest lender is looking to lure a new leader according to the times of london which says it has approached bosses at unicredit and standard charter. hunting and health care. glaxosmithkline agrees to buy consumertis in it health care joint venture for $15 billion a week after walking away from pfizer. there are 30 minutes to go until the start of cash trading. let's take a look at the gmm and see which assets are moving the mosque. i have a bigger look here so i not an expanded picture, just the g10 or g20 countries. there is such a big move in estonia. normally we pay a lot of -- not a market we pay a lot of attention to. this black rectangle denotes a three standard deviation move. a big drop in estonia stocks

thanks, matt. in the u.k., detectives investigating the poisoning of a former russians by and his daughter believe they first came into contact with the nerve agent at their home. bint jbeil to police that specialist identify the highest concentration of the highly toxic substance on their front door. who weres as friends -- prince of the couple who are in a coma and hospital said they should be allowed to die. an upcoming summit between kim korean and the south president. the talks could set the stage for a similar meeting between kim and u.s. president donald trump. meanwhile one newspaper has reported that a summit between japanese may take place as soon as early june. u.s. president donald trump has said he will replace veteran affairs secretary david shulkin with rear admiral romney johnson. it follows the departure this month of gary cohn. national security adviser h.r. mcmaster, and secretary of state rex tillerson. meanwhile saudi arabia has one secondary emerging market status from next ma

matt. interesting to look at the don't drop in asian equities, down by .5%. a number of things playing in here. interesting things to look ahead to. full force at the fomc. a great bloomberg story that is running around. more development in-house on their screen technology. that's taking the edge off some of the technology players. around .5%. another factor is the political drama in japan. seems to be sticking to the japanese cabinet. bit more yenle strength coming through. once again, this is because of that japanese political story. we see the polls over the weekend suggesting prime minister's abe -- prime minister abe's cabinet is less nationalist than it was. the dollar spot a fraction of a percent as we head towards jerome powell's first real press event around the fomc. increasing interest rates could be the easy decision for the fomc this week. what kind of guidance and medium productions what we -- median projections will we get for 2018, matt? matt: girls are also seeing more head

. ♪ matt: nervous being tested. asian trading mixed, investors sell some of the biggest winners the third --et as first quarter draws to a close. -- cme giant jimmy to is eyeing a stake in swiss way. shareholders have until 1:00 p.m. london time today to decide if they will accept a hostile breaker bid by melrose or up the company. let's take a look at some of the assets moving in today's trade and last night in the markets that are closed. the marketing -- market index, the big movers were to the downside and the tech stock continue to drag. if you look at the nasdaq 100 or the same plus index, you see continued drops, there were a few gains in asia, it was more mixed and we saw u.s. -- then we saw u.s. markets. the drops were not bad on the u.s. markets. as far as forex is concerned, we see a little strength, investors going for other safe haven plays and that was one of them as well. take a look at the commodities trade, take a look at what we saw in bonds and all of those charts here. for copper,gains that is a

matt: i am matt miller in berlin. this is "bloomberg daybreak: europe." saudithe billionaire businessman talks to bloomberg about hunting for deals, reshaping his empire, and his relationship with the kingdom. vindicated.en we do have a confirmed understanding with the government. matt: jerome powell kicks off his first policy meeting as chair with a rate increase. how many more hikes does he see this year? anna: tech trouble. facebook's scandal hit shares. a fatal crash. ♪ good morning, everybody, it has gone six clock a.m. in london and seven in berlin. with matt miller. let's talk about the asian equity session. a number of reasons not to be cheerful in asia markets overnight. the msci down .251%. tech sessions are weighing on the markets. that is having an impact on the stocks in the asian session. in the u.s. we saw the technology story in particular around facebook starting to hit markets. the technology sector has been the best performing sector year to date which is why this has so much residents. the scandal engulfing facebook, that does not se

kristine: absolutely, matt. investors like certainty and when the fed is very clearly telegraphing its next few moves, that helps sentiment. other risks. the cpi confirmed the benign inflation picture in the u.s. at the same time, there are inflationary risks other risks. coming. washington policy with regards to the steel tariffs, or the bigger budget deficit -- all of the things are bigger inflationary pressures which are building and could rear their heads soon enough. aquino,stine joining us from our mliv team. frankfurt has commenced. we see the introductory speech being delivered. we will soon be hearing from president draghi. he is making some comments on the euro, which are interesting and is concerned about the risk it does pose may be to the downside of inflation and maybe that remains a key challenge. matt? that he looks like also is fairly happy with the path of inflation. i thought it was interesting in the speech. text of his the comments. he points out nonessential purchases makeup still 50% of sp

joining the matt, you are off. matt: that's right. i'm going to miss you on bloomberg radio today because i'm heading to the geneva motor show to talk about trump's tariffs not only on steel, but possibly on cars as well. the trade war that he thinks is ball willasily when a be a real discussion. plus, the future of diesel is going to be huge for the auto industry. by the way, do not miss our exclusive interview with jens spahn. most likely, he will be germany's new health minister, although a lot of people talked to him about a possible successor to the chancellor. he is quite young right now, but very successful indeed. you can see that interview at 11:30 a.m. u.k. time. up next with guy, as axa agrees to buy xl, are we at the start of an m&a wave in the insurance sector? this is bloomberg. ♪ guy: 46 minutes into the session, let's talk about stocks on the move this morning. here with the mid-caps, nejra cehic. nejra: this companies getting the most in over a year after predicting sales and ebitda margin growth in 2018. it is the

good morning, matt. you have a guest. matt: i'm here with carlos tavares. the tariffs have been a massive issue here. the u.s. ship cars to yet, although i know you want to. you have a mobility steam over there -- mobility team over there. what do you think about a trade war. donald trump thinks it is a good one that america could win. carlos: we need to step back and make a difference between a final decision and a negotiation position. maybe there are some thought to be delivered. at the same time, the better we trade over the world, the better it is for humanity. we will soon have 9 billion people on this planet, and i believe with 9 billion people we have an open world where very peacefully we can trade and deliver the best value on the rate -- in the region. i think it is a negotiating position. there are some tensions, but in the long run we are better off if we have an open world. we take care of the planet and take care across the regions. matt: you put a lot of steel into your products. tariffs could drive up rises that are expected to rise. what d

matt: i am matt miller from berlin. these are today's top stories. anna: team trump in turmoil. a special election in pennsylvania is too close to call. putin.unishing may plots retaliation on a chemical attack of a former spy. anna: the ecb president addresses the annual conference. will patients be the message for removing stimulus? this is bloomberg daybreak: europe, it has gone 6:00 we have the world's largest clothing retailer, the earn owng er of zara. lookrdley the numbers fairly mixed. sector hasus in the been the turmoil around h&m. investors are looking to see isolated orit insulated itself and to what extent it benefited from its rivals troubles. the online retail side of things is something to watch. also looking for comments around the euro. the have a largely euro base. that can hurt them when they euro is stronger. we will look out for more details coming through from the giant of european retail. let's have a look at the risk radar and put up what has been going on in the asian session. equity markets nervous following the u.s. lower, down .6 of 1%. asia-pacifics

matt. >> thank you, matt. developing this morning three men were shot inside a chinese takeout restaurant in west philadelphia. it happened on the 200 block of south 60th street at 1:00 a.m. detectives say the gunmen got out of the car opened fire jumped back into the car and sped off. two 18-year-olds and a 19-year-old were shot in the arms and legs. they are in stable condition. >> stormy daniels the porn star who claims she had a year long affair with donald trump is suing him for the right to speak out. daniels whose real name is stephanie clifford filed suit yesterday seeking to invalidate a nondisclosure agreement she signed in 2016. daniels says trump never signed the document so it should be considered invalid. trump's lawyer michael cohen admitted he paid daniels $130,000 as part of the agreement but claims the money was his own not trump's and that there was no affair. >> the flyers host the second place pittsburgh penguins tonight. flyers are expected to get a boost as forward wayne summoned returns

matt. matt: thanks, juliette saly for that. the u.k. chancellor, philip hammond, has hinted that britain might start the -- might start to see the beginning of the end of austerity. that is as he starts to announce the smallest budget deficit during a spring segment tomorrow. he spoke with the bbc's andrew moore. philip hammond: there is light at the end of the tunnel because we are starting to see deadfall after it has been growing for 70 17 continuous years. that is an important moment. anna: the subject of brexit still hangs over both sides on the contentious irish border, following the exit from the block. the irish foreign minister spoke to bloomberg about the border earlier today. >> this is about a lot more than trade. it is about the normalization of life on the island of ireland where there are not barriers to the movement of people and goods as there were in the past when there was a physical border infrastructure on the island of ireland. we are very protective to make sure that

matt. >> got it matt. thanks. >>> developing this morning, three men were shot inside a chinese takeout restaurant in west philadelphia. it happened on the 200 block of south 60th street at 1:00 a.m. out of a car, opened fire jumped back into the car and sped off. two 18-year-olds and a 19-year-old were shot in the arms and legs. they are in stable condition. police are now reviewing surveillance video. >> stormy daniels the porn star who claims she had an affair with donald trump is suing him for the right to speak out. daniels whose real name is stephanie clifford filed suit yesterday seeking to invalidate a nondisclosure agreement she signed in 2016. she claims that she had a year long sexual relationship with the president back in 2006. daniels says trump never signed the agreement show it should be considered invalid. trump it's lawyer michael cohen admitted he paid daniels $130,000 but claims the money was his not trump's and there was no affair. >>> take two for the "bachelor." yet again arie ended

matt: i am matt miller. this is "bloomberg daybreak: europe." kudlow signals president would support a strong dollar. matt: russia's response. britain's government awaits the next move after it expel in 23 diplomats. we are live in moscow. anna: canadian prime minister justin trudeau tells us why he is still upbeat on nafta. ♪ anna: good morning. welcome to the program. let's look at where we have been in the asian equity session, where we have been on a number of risk assets. idea of how the larry kudlow news is going down. we are unchanged, undecided in the asian equity session. the thing of -- about tv is the are never short of opinions. some are conceit -- are concerned about his views on china and others is the are nevt of opinions. .2 nafta. to nafta. we could be stronger at the start of the u.s. trading day. some weakness along the kudlow story. last indicator, we need to go into the mix until we hear from the fed. buy king dollar might be kudlow's message. matt: we saw three days of drops for u.s. stocks, three days of buys for u.s. bo

matt. >> all right, matt, thanks so much. >>> "action news" reporter jeanette reyes gives us a live look at the northwestern suburbs. she joins us along route 309 in montgomeryville. good morning, jeanette. >> reporter: good morning, matt. boy, is it going to look different this afternoon. for your afternoon commute compared to this morning. right now one thing we'll be saying a lot is it's just wet. take a live look behind me. it is accumulating quite quickly on the grass but once you get to the less traveled areas you'll see the slush and on the main roads it's mostly just wet. that's what we've beencñ seeing on 76, 276 and 309 but we did see a lot of plow trucks and other trucks positioned and ready to go on the ramps and shoulders but you may want to hope for heavy machinery when it comes to plowing this snow. wet also comes into play as well. it will be that wet heavy snow that you'll have to -- it's suggested that you go out and plow it several times today to lessen the burden on yourself. take a light volume tone what one plow truck driver had to say about his workload and how lo

matt. >> fun, fun. first brake popping of the morning. just beginning to slow approaching the schuylkill expressway but overall things look pretty good on most of the highways this morning but just like the last few days on the secondaries kind of a different story. we've had some tidal flooding here by penn's landing. columbus boulevard northbound side close to the ben franklin bridge the water is starting to recede. so now we are seeing some cars getting by on the left side of the roadway, not rolling through a lot of water but you may still want to stick with 95 instead of columbus boulevard. schuylkill looks fine this morning. we'll talk about all the storm damage coming up in just a few minutes but nor now back to the tidal flooding because we also had some at the old brooklawn circle, 130 southbound and a vehicle got stuck in that high water. we're hearing it's been pulled out. everything is reopened there but watch out for the flooding near the brooklawn diner this morning. mansfield

matt, guy. guy: when of the big questions out there for financial markets, where is aramco going to list? still no update to miami assuming. -- i am assuming. >> still no update. anybody who has had any time -- ifo, --. an it is not just an issue of where to list or regulatory push back. there is also not as much interest as what was initially expected by saudi aramco from foreign investors. >> aramco ipo is on track. as i said before, we are assessing still international markets. new york, london, hong kong, and obviously markets in saudi arabia, so no decision has been made. guy: the finance minister there, mohammed al-jadaan. you have got the crown prince and the united states on his tour. that is a big push for confidence in terms of foreign investors. guy, matt. guy: you are keeping up very well. thank you much -- very much indeed. it has been an interesting week in that region, hasn't it? let's bring you more from our exclusive interview with saudi arabia's kingdom chair. he gave bloomberg

matt. >> glad to hear that. good morning to you matt. and welcome to downingtown. this is the 30 bypass at business 30, lincoln highway and you can see the spray coming up off the vehicles because the road is definitely wet but elsewhere in chester county there are some new issues. we'll talk about them when "action news" continues on this wednesday morning. >> ♪ >> ♪ >> welcome back. taking a live look mobile6 out and about on the city streets in philadelphia right now on market making its way towards city hall and you can see the wipers going back and forth. we have a lot of rain in this location but you could just go about 10, 15 miles up to where i live and you will find a bunch of snow. it's varying around the region but you've got a wintry mix and a lot of snow coming wherever you are. >> so, matt, some people will have to travel out there, right? >> i guess, yeah, you know, some people have to get to work rain or snow or whatever is happening and we don't want to stop them, we just want to let them know what's going on out there this morning. so, matt an

matt: i am matt miller from berlin. this is "bloomberg daybreak: europe" and this is today's top stories. after thesuries rise fed sticks to three rate hikes. man: president trump is said to be ready to announce about $50 billion worth of tariffs against china. the world's second-largest economy could hit back. breaks hisrberg silence. finally apologizing for the data scandal and outlines steps to ensure it will not happen again. not everyone is convinced. good morning, everybody. this is "bloomberg daybreak: europe." let's talk about the market reaction we have seen since the fed delivered and -- a rate hike. dovish the language was around inflation and wages and the guidance in the dots, that -- 2018.ovish for 18 the u.s. equities sold off as a result but the asia-pacific session has been fluctuating, we are up by .41%. we are waiting for the big news we talked about around tariffs for the trump administration on china around intellectual property. we will watch out for that. u.s. futures dating ground. the dollar ind

matt -- guy. matt. has named its first central bank governor in 15 years. they voted to approve the appointment, a long serving deputy governor with deep international links. the move is a signal that china is seeking continuity at the tedious see. -- at the pboc. the main mission is to enact stable monetary policy, and at the same time, push for financial reform. maintaining the stability. let's get more with hayden brisco, head of asia-pacific fixed income at ubs asset management, joining us from hong kong. hayden, first off, does he signal continuity completely or do his international ties may be ignore also a bit of a peace offering to wall street and ?ashington >> china acts on its own. theuld say, do not focus on guy. focus on the structural change. the big change is the pboc merging with the insurance regulator, and the pboc tended to be more conservative in trying to clamp down on wealth .anagement this is a clear signal from a structural change and the continuity that the pboc is firmly in charge across the region. guy: good morning. guy johnson. h

matt? matt: i am here with oliver bloom, the ceo of porsche. it is a pleasure to be here in the stands. porsche is one of the most popular at any auto show. you have a lot of interest because of your e-mobility. how important will electric cars be to porsche? >> electric cars are an important part of our product strategy. we will improve our combustion engines. ismo, itresa mo -- tur is a very important pillar. matt: i am a fan of the high powered six-cylinder boxer that you have. you just presented an amazing sports car. how much longer will porsche offer naturally aspirated gasoline engines? >> we go to the future with the naturally aspirated engine. our strategy is to concentrate on three pillars. these engines will be one pillar of our new products. spent a lot of time on the porsche configurator, and i noticed there are no more diesel options. are you going to phase out diesel completely? >> that is correct. we finished our these a production because of our success with hybrids. future, we are planning to come back with the cayenne with th

guy and matt. guy: investors bracing for president trump to announce details of steel and aluminum tariffs. the chinese are responding and we get the new fed chair back on capitol hill talking to the senate. yesterday into the close, pretty ugly selloff. u.s. equity markets have not looked great. is it powell-related? is there that -- an attempt to bring out some sort of powell put question mark let's go to singapore, mark cranfield joining us from the mliv team. it was an ugly close yesterday in the states. happy atd morning, not all if you are an equity investor. in february some of the worst days that we saw in asia equity markets were the day following a nasty close in america. not good at all. it is not bode well for the session coming up. what people are doing as they the rate curve. now considering the possibility of for rate hikes is being a serious thing. it looks like mr. powell will repeat that today. there is no reason he would backtrack. treasuries have not moved a great deal since he

matt miller? of the'm looking at some movers that are adding or subtracting points from the stoxx 600 index. as far as the gainers, we see the stock up strong, 3.5%. also a big gainer in italy, up 5.3%. that is adding to the stoxx 600 and then we see nestle, barclays, hennessy adding points with smaller moves because they are bigger stocks. as far as the losers, we see big stocks subtracting points and making size moves. down, takingis some points off the stoxx 600 and glencore also down. you do see the raw materials companies falling in today's trade. we also see aviva, a burtis -- abertis taking points off the stoxx 600 index. that is what we see in individual names. let's take a bigger picture look with mark cudmore in singapore. i want to start with you on what is going on in frankfurt. we are going to go to mark about whata moment is expected from mario draghi, what is expected from the ecb? anna: we will, and we will ask why the positivity in the asian session about the tariff story. let's t

-- matt? matt: i'm looking at my stock of the hour. it's fiat chrysler. i could have picked any carmaker, but check it out, down 5.2%. all the carmakers are getting hit hard because of the concern ,f a trade war in steel obviously they use a lot of that. aluminum, as well. fiat chrysler is getting hit the hardest, harder than volkswagen, bmw. note, thissting to stock is still up 60% over the last 12 months, but has come down about 20% in the past one month. guy? guy: talk about monday, tuesday, and wednesday, that will be something that gets put into the mix. also, i'm sure we will be listening to mark carney when he talks cryptocurrencies. he would join us shortly. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way com

for matt pellman, david murphy, tamala edwards, jeanette reyes karen rogers, i'm matt o'donnell. have a great monday abbey -- and a great week everybody! >>> good morning, america. show stopper. at the oscars. >> all the female nominees in every category stand with me. >> best actress, frances mcdormand, celebrating sisterhood and solidarity as the time's up movement takes center stage. >>> "the shape of water." >> and the ground breaking shape of water win gold. and jordan peele take home a ground breaking win. >> i thought no one would every make this movie. >> "gma" with exclusive access. >> are you ready? excited to be here? >>> and backstage with the biggest winners. >>> also this morning, winter storm warning. a new nor'easter moving in after that devastating storm. >>> and major new

matt. >> thank you, matt. developing this morning, three men were shot inside a chinese takeout restaurant in west philadelphia. it happened on the 200 block of south 60th street at 1:00 >> ♪ >> good morning, everyone. ready for some more snow? i know i'm not but -- [laughter] >> got to deal with it. 4:22. it's wednesday and the action cam is live right there in the heart of havertown. eagle and darby roads and no one is out there because while schools are closed there, well, many other places across the region starting to stick on the sidewalks but not on the roads there. >> this is when it's pretty. a little later today it will be a nuisance but right now it's kind of pretty to look at. >> i wonder if brick and brew is opened yet in havertown. >> isn't that the large lighter inn right there. >> i don't know havertown real well but i know brick and brew. >> you know it well enough. >> there's also a wawa. >> that's a shock, that's a shock. let's head outside this morning. we're looking at rising water, yeah

matt schrier's family the false impression this was their job. it is the job of the state department with the defense department to follow occupy where these people are and do their darnest to bring about their safety and their safe return to the country. >> martha: is there any obligation on the part of the government to tell his family the truth? as you point out and we have to remember we were watching people throats get slashed and people get assassinated. this poor family is hold we think he has turned and he is helping them. >> this is horrifying for the family to hear from an fbi agent. this is the modern fbi which relies at least 4 or 5 supreme court opinions. it can lie. >> martha: in the interest of national security? >> correct or in the interest of a criminal prosecution. it can lie to victims and to their families. i suggest to you that these lies were done to sort of keep the family at bay. i also suggest to you it's most unlikely that robert mueller or jim comey had personal knowledge of his horrible plight. >> martha: but he talks

from berlin, i am matt miller. nejra: round two asian stocks powell'sore jerome second appearance this week. will the fed chairman strike a more balanced tone? matt: trade tensions, president trump is ready to slap tariffs on steel and aluminum imports. antagonizing trade partners including to china. peril amid widening disagreement. single -- signals more job cuts. ♪ let's get you some breaking news coming across the bloomberg now. we have numbers, what is coming through is the for your dividends are shared coming in at 2.5 swiss francs. also announcing 150 million euros share buyback. this is a recruitment company, a deco. -- adecco. let me give you these numbers here. we have fourth-quarter adjusted, rising 21%. the estimate was for a gain of 16%. 104 on eps adjusted. 1.02, oration was for $1.02, according to our survey of analysts. ab inbev beating the figure for the fourth quarter. dividend per share will be two cents. that is in line as expected. revenue rose, sales rose more than had been anticipated, up 8

i have to go full force now. >> matt will make sure you have a celebration. >> reporter: matt pellman will. >> i have to start buying the candles. [laughter]. i don't want to be caught in the crossfire. >> 21 it's not that many, you can get them. >> we have two hours and 15 minutes to go. i want to save you from yourself. >> 4:43 a.m., philadelphia police arrest a driver accused of plowing into a woman and children on the sidewalk. >>> a 42-year-old is charged with impersonating a police officer. >> reporter: commerce dry, we're drying out, traffic is getting by. check the blue route and 476 when "action news" continues on this thursday. >> hello, everyone, thursday, 445 m. bad day at philadelphia international airport, all flights were canceled. checked the flight board this morning, not many, but there are 30 cancellations in terms of arrivals and departures. trying to recover at phl. >> speaking of recovery, karen throws paper at matt pellman, i know you're looking at the roads, you're saying take the big cup of coffee because you're going to spend time on the roads. >> reporter: t

. >> thank you, matt. the race is on for power crews to get the lights and the heat back on for thousands of people still without power. last week's nor'easter brought down trees and power lines and now the area as we all know now is bracing for a second nor'easter arriving later tonight. now, some people in montgomery and parts of delaware county have been without power since friday. peco crews were busy working along gypsy lane in upper merion where a massive tree came down on friday smashing an infiniti and taking the power lines with it. the action cam was also at the home depot in king of prussia last night where people were rushing to buy generators. peco continues to make progress on outages as of this morning, about 25,000 people are still without power, most of that em -- them in delaware and montgomery counties. >>> this was the scene at high tide in north wildwood at second avenue and john f. kennedy beach drive. you can see the waves crashing over the seawall and water flowing into the street a

for matt pellman, david murphy, matt o'donnell, karen rogers, i'm tamala edwards. "g.m.a." is next. o st >>> good morning, america. >>> digging out from the nor'easter. the deadly storm dumping more than 2 feet of snow in some areas. this power line going up in flames. hundreds of cars stranded on interstates. a college basketball team pushing their bus free. travelers even camping out in grand central. now, snow still falling. nearly a million without power. and new concerns about another major storm on the way. >>> president trump faces new questions in the russian investigation. was he crossing a legal line when he asked about witnesses about their interviews with the investigations. a secret back channel between putin and trump right before the inauguration. >>> customers complaining their amazon echoes are erupting in laughter.