paul: welcome to "the journal editorial report," i'm paul gigot. that was president trump wednesday announcing more sanctions against the iranian regime but no new military strikes after more than a dozen iranian missiles hit two bases in iraq housing american troops. the president's remarks signaling an ease in tensions, at least for now, following the u.s. strike last week that killed iran's top military commander, qassem soleimani. retired four-star general jack keane is a fox news senior strategic analyst. good to see you again, general. >> good to see you, paul. paul: you have said that the events of the last week add up to a strategic victory for the u.s. how so? >> yeah, very significantly. i think it's a big win for the president because by killing soleimani, i mean, he clearly got in khamenei's head here, who's the stream leader of -- supreme leader of iran. they've never had an action against them of that magnitude and that significance that so impacts how they are cutting their foreign -- conducting their foreign policy and their foreign

paul: absolutely. maybe the biggest winners here are pete buttigieg and biden and klobuchar perhaps, what do you think, kim? >> yeah, well i think that's why in fact, we had the mutual nonaggression pack between bernie and elizabeth because they understood that this was where it was going to go, you were going to end up corroding potential support if you went after one another, in the end elizabeth warren is hail mary, she decided that the calculation was such and i don't think it helps her in the end. paul: what else did you learn, anything from the -- from the debate? i will tell you one thing i learned, bill, was i think that the democrats need a reality check on the economy, they make it sound like this is 2008 or 1932, you have to recognize that there are some good things happening in the economy and then move to health care or something. >> i agree on that. to me the more striking one was iran. president trump killed the bad guy who killed americans, you would think that even democrats could be f

paul: good idea. when we come back, a hanukkah attack on an orthodox jewish community, just the latest in a space of anti-semetic assaults in the new york area. our panel takes a closer look at what's behind the recent uptick in violence and the blame game being played by some politicians. ppen. pain happens. aleve it. aleve is proven stronger and longer on pain than tylenol. when pain happens, aleve it. all day strong. our mission is to provide complete, balanced nutrition... for strength and energy! whoo-hoo! great-tasting ensure. with nine grams of protein and twenty-seven vitamins and minerals. ensure, for strength and energy. i got this mountain bike for only $11. dealdash.com, the fair and honest bidding site. we sold an ipad worth $505 for less than $24. a stand mixer for less than $20. a 4k television for under $2. a macbook pro for under $16. as well as a playstation 4 for under $16. and brand new cars for less than $900. dealdash.com offers hundreds of auctions every day. all auctions start

paul: the u.s. economy closing out 2019 on a high note this week with the major stock indexes showing some of the strongest gains of the decade. the s&p 500 rose by 29% in 2019, the nasdaq by 35%, and the dow jones industrial average by 22%. so will stocks continue to rise in 2020? and are recession fears on the back burner, at least for now? let's ask jason trainer, chairman and chief executive officer of strategus research partners. i want to first ask you about the iranian tension now, oil popped up 4% or so, stocks down at least initially. what impact do you see economically? >> at this point it would be hard to say but i don't think it's much and it's largely because the consumer is in such good shape. obviously the unemployment rate is 3.5%, near full employment, and the savings rate actually is not talked about much, savings rate is about 8% which is unusual. and so the u.s. consumer i think is pretty robust to shocks like these. another big increase from here would be somewhat problematic bu

paul: right. >> if the house of congress is controlled by the opposition party, any president probably wakes up every morning thinking how he's going to obstruct the opposition party and that is what is going on here and usually if there's a dispute like this, courts have been reluctant to get involved because it's a political dispute and the parties, the white house, the congress usually work it out politically, if you throw it over into the courts, then the courts get involved in the kind of high-level political dispute such as this that they typically, historically have kept at arm's length. paul: the house had a chance especially for lower-level aides to win and win on a lot of the documents, so i mean, at least they should have fought -- >> the issue david rivken mentioned, that was a strong argument that made patrick today and that argument would have been made to the courts as well, they would have had to address the legality of those votes. paul: which is why they ultimately had authorizat

paul: good idea. when we come back, a hanukkah attack on an orthodox jewish community, just the latest in a space of anti-semetic assaults in the new york area. our panel takes a closer look at what's behind the recent uptick in violence and the blame game in violence and the blame game being played by some i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. paul: new york governor andrew cuomo directing police across the state to increase patrols in orthodox jewish neighborhoods following more than a dozen an

paul: good idea. when we come back, a hanukkah attack on an orthodox jewish community, just the latest in a space of anti-semetic assaults in the new york area. our panel takes a closer look at what's behind the recent uptick in violence and the blame game being played by some i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! paul: new york governor andrew cuomo directing police across the state to increase patrols in orthodox jewish neighborhoods following more than a dozen anti-semetic attacks in recent weeks including last saturday's stabbing at a hanukkah celebration at a rabbi's home that left five people wounded. bill de blasio suggesting that president trump was at least partly to blame for that inciden

paul: i'm paul allen insignia in you are -- paul allen sydney, and you're watching "daybreak australia." joining us in sydney, we have the institute of global finance director. thanks so much for coming in today. phase one going to be signed probably in a couple of weeks, the low hanging fruit now gone? will face to be a whole lot difficult -- a whole lot more difficult? >> that's exactly right and unknown if phase two will be done during 2020 when we will see, if you like, and election in the united states and at the same time, phase two is far more complicated simply because there are currently significant restrictions on investment, capital flow basically to china, as well as exports of high-tech products such as artificial intelligence, and of course, some of the other so-called nontariff barriers will remain, if you like, in place at the moment, so it is a little too early to speculate the impact of, if you like, the current phase one deal, if it is going through, and the impact of that from the second phase and its dynamic consequences. paul: even with phase one, are there still

paul: good morning. i'm paul allen and sydney. we are underarm power away from -- we are under an hour away from the market open in sydney. sophie: i'm sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: the top stories we are covering in the next hour -- a resolution for a rally. afterfutures signal gains tech lead markets higher. pressure mounts on australian prime minister as anger grows over his handling of the bushfire crisis. carlos ghosn says he masterminded his own escape plan, denying any help from his family. shery: let's take a look at how markets closed the first trading session of the year in the u.s. in threeumped the most weeks with major indices closing at record highs, adding to the year and momentum. intove the s&p 500 further overwrought territory. index industrials and tech rallying, apple topping $300 for the first time ever. the nasdaq rallying 1.3%. a really interesting day because it was a rally for everything. we saw even safe havens gaining ground. by .1%.ures was higher let's turn to sophie

paul: remember that. the republican and has tried so let me know what happened, mitch mcconnell and the republicans in the senate, and combined with democrats basically said no. this was president. >> exactly. to their credit. and also sucre angry at president obama for taking american forces into libya that went out adequate authorization in fact, even on the work power act, presence of both parties of said in a really blessed to follow. usually they try to parade of president obama, the forces in eeleaps after the kind of expir. so you have say that all of this invoking of powersra resolution today, but democrats in congress against president trump for what he just said so money is a classic. it's worse than ever today. there should've been nothing controversial about the killing of so money. paul: as the war powers rest ocean. military actions against iran. craig uniting every long-standing debate over the role of congress in waging war. ♪ ♪ >> the administration administration conducted a provocat

paul: right. kim, the argument is, you know, you're hearing from bernie sanders, the campaign is starting to go after joe biden in a much more aggressive way, you had an op-ed by supporter of sanders saying biden is actually

paul miyamoto. [applause] >> ladies and gentlemen, it is a real pleasure at this time to invite to the stage for the oath of office, state of california attorney general xavier becerra. [applause] i would also like to invite to the stage sheriff elect, paul miyamoto. [applause] i think you can hear me. also coming to the stage is paul's other, his wife, and his children. melanie, jordan, joseph, marissa and mia -- maya. [applause] >> please raise your right hand and place your left hand on the bible. i will ask you to repeat after me. i, state your name. >> i, paul miyamoto. >> do solemnly swear. >> do solemnly swear. >> i will support and defend the constitution of the united states. >> that i will support and defend the constitution of the united states. >> and the constitution of the state of california. >> and the constitution of the state of california. >> against all enemies, foreign and domestic. >> against all enemies, foreign and domestic. >> that i will bear true faith and allegiance to th

paul: the outperformance of u.s. equity markets versus the rest of the world is looking long and the tooth from a duration perspective. it has been outperforming for the last decade. from a cyclical perspective, we expect the global economy to slowly build on this economic momentum that has been building. the u.s. equity market does tend to behave as more of a defensive equity market rose to other equity markets. on the back of improvement in the global economy, normally you would see the u.s. equity market underperform. we are still recommending overweight positions in the u.s. relative to global equities. amongk the dominant view investors right now is that the u.s. is rich with great companies that generate a lot of cash flow, that have a positive secular outlook, and you just can't find those types of companies and other markets. it is not clear that that is set to change. think we are hesitant to lean against this very strong trend of outperformance too aggressively, too early. guy: if you are looking for a way

paul: i'm paul allen in sydney. global markets could find it difficult in 2022 top last year's strong performance. let's get some context now from tribeca investment partners' portfolio manager. i want to start if we can in the u.s. in 2019 wege run-up saw a chart outlining how expensive the u.s. has got. can you still find value? is this sort of pricing justified when you consider earnings? what are your thoughts on that? >> we absolutely still continue in u.s.pportunities equity markets simply because we have a lot of political risks that seem to be easing into 2020 , and we should see the underlying earnings improving. that means positioning should be slightly different going into 2020 simply because some of the sectors that underperformed should outperform this year and will probably have cheaper multiples this year. paul: i wonder which sectors you alsoutperforming, but i wonder which sectors you see outperforming. what are your favorite short picks? >> i do long and short together so i manage my risks. these c

paul: i am with paul allen in sydney. now first word news. ofthe indicated associate president trump says he knows the president was aware of pressure on ukraine because "i was working for him." legalrnas spoke as the team argued that donald trump cannot be impeached for taking actions partly motivated by a wish to boost his reelection chances. white house is also trying to delay publication of john bolton's new book on national security. grounds. the brexit deal has been approved, clearing the way for the u.k. to leave the eu on friday night. officials on both sides say the fight over the divorce deal was the easy part in negotiations in the coming 11 months will be far more difficult. provided in brussels details on the deal, but voted overwhelmingly in favor. european union has followed britain and has a stopped short of banning huawei. this could begin a new rift with the u.s., which has lobbied for huawei to be blocked from the next generation network. the u.s. is there secondly just -- largest trading partner and the u.s. has hinted rep

this is bloomberg. ♪ paul: welcome to "bloomberg markets." i am paul allen in sydney. let's check in on the first word news with jessica summers. >> president trump's impeachment defense has undergone a dramatic transformation on capitol hill. saying his call with ukraine was perfect, it has gone to saying it was not criminal. toing it was permissible, asserting that foreign help to win reelections is not impeachable. former national security advisor john bolton is still waiting to hear from the white house. the administration wants to block his upcoming book. prospect of some thing further out exists. that is how it all ties together. england stood for meeting.carney's final they signal that easing may be needed soon. they cut gdp forecast and predicted inflation will only return to target by the end of next year. that prompted investors to predict a rate cut this year. force latest warplane is struggling with another issue. the pentagon says the 25 millimeter gun on the fighter can't shoot straight and has unacceptable accuracy. intended to be the most advanced aeria

paul: luxury fever. bigger houses and vehicles absorb more resources to build and more energy to run. but look, since we a hardwired to take our cues from other, why not put behavioral contagion to good use? and we can. >> it works in both directions. when some abandoned these vehiclesthe decline will be just as explosive. >> the trend is smaller homes. paul: in the same local development where mcmansions bloomed, the latest model is half the size. >> this is not seen as a negative chic mighte way to put it. >> the more important effect is the influence on others. paul: consider the solar panels, says frank -- >> i see my neighbor put a solar panel on his roof and maybe he know something i don't know that we have a nueus. paul: bob frank wand to put house did not get enoughbut the sun. the alternative is purchasing shares in a solar farm. >> ielon't want to call ma magnate but i do own a share in it.ul joe runs a solar energy firm ina ithat counts bob frank as a customer. the point is, when you zoom into

paul: elon musk talked about the production hell. dana: we moved from production held to delivery held to service station hell. i am not sure what station we are in right now. the buyers in china are weighing on the auto industry. factories are closed, workers cannot get to work. it will be interesting to see if that comes up on the call. i don't know if it will be in the shareholder letter or not. taylor: is shanghai and that production factory the make or break? think there is one thing that is make or break. there are so many different moving pieces. shanghai is important point for the coming year. taylor: bloomberg's dana hull, thank you for joining us. we will have much more ahead from paul allen and taylor riggs in san francisco. this is bloomberg. ♪ paul:paul: good morning, i am paul allen in sydney where markets of come online. japan and south korea will open in an hour. taylor: i am taylor riggs in san francisco and you are watching " bloomberg markets." our top stories this hour, the travels china restrictions. hong kong

paul smith is there. and tiffany taylor is at this event. >> it's tiffany taylor, miss november 1998. playboy playmate tiffany who was supposedly on this sailing trip with chris. >> you were sure that you recognized her? >> yes. it was the same exact girl as the picture that i got. she just looked at me with a blank stare, like i was nuts. >> tiffany said, i don't know your brother. i didn't go on any kind of a trip with him. what are you talking about? this is crazy talk. >> and ed just looks up at me and just goes like this and just shakes his head. after the dinner was over, i said, that was the girl that i got a picture of that chris left with. and he reassured me that that was not the same tiffany taylor. it was a different tiffany taylor. >> well, think about it. another tiffany taylor? it seems impossible. but also think about las vegas. there's no shortage of gorgeous women, probably named tiffany, and on top of that, ed is so convincing. the other worrisome thing for paul is things are taking a r

we'll have to leave it there, tara physick and paul, thank you very much. now, one of the rows during the campaign leading up to december‘s general election concerned borisjohnson's failure to appear as invited and as other party leaders had on the andrew neil show. since then, number ten downing st has made it clear that neither the prime minister nor other senior ministers would be interviewed on radio for‘s today programme anytime soon. so there were programme anytime soon. so there were some programme anytime soon. so there were some interest in where or if mr johnson would be appearing on the bbc airwaves in the new year. the answer, tuesday's breakfast programme and among the subjects covered in a half hour conversation was the proposal for big covered in a half hour conversation was the proposalfor big ben covered in a half hour conversation was the proposal for big ben to chime on the night the uk leave the eu. we are working up a plan so people can bunk a bob for big ben bong so there are some people who... bunk a... bong so there are some peop

paul miyamoto. [applause] >> ladies and gentlemen, it is a real pleasure at this time to invite to the stage for the oath of office, state of california attorney general xavier becerra. [applause] i would also like to invite to the stage sheriff elect, paul miyamoto. [applause] i think you can hear me. also coming to the stage is paul's other, his wife, and his children. melanie, jordan, joseph, marissa and mia -- maya. [applause] >> please raise your right hand and place your left hand on the bible. i will ask you to repeat after me. i, state your name. >> i, paul miyamoto. >> do solemnly swear. >> do solemnly swear. >> i will support and defend the constitution of the united states. >> that i will support and defend the constitution of the united states. >> and the constitution of the state of california. >> and the constitution of the state of california. >> against all enemies, foreign and domestic. >> against all enemies, foreign and domestic. >> that i will bear true faith and allegiance to th

anna and paul are on their way home paul is angry he's had problems at work anopheles awaken relaxed. her parasympathetic nervous system is activated this works to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in the adrenal glands. and the happiness hormone saratoga it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v. cuts in front of their car and quickly steers them to safety poles reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all the lower the body's fear response originates the distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vicious circle th

and paul are on their way home paul is angry he's had problems at work anopheles awaken relaxed. her parasympathetic nervous system is activated this works to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in the internal glands. and the happiness hormone sarah tone and it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v. cuts in front of their car and quickly steers them to safety pulse reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all the lower the body's fear response originate the distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vicious cir

paul: i am paul allen in sydney were markets have just come online. taylor: welcome to "bloomberg the coronavirus acquired a global health emergency as cases continue to rise. the world health organization praises china's aggressive response to the outbreak in sharp contrast to the criticism back in 2003. amazon delivers above expectations in the holiday quarter. surgingr hours stocks and enhanced jeff bezos and extra tool, $13 million. have us trillion markets opening for trade and right now, we have the asx looking higher. opening in alphabetical order, said keep an eye on this as things hold. we take a look at new zealand markets, it is continuing to lose ground today. nikkei futures are weaker by 31%. and fory in japan december, jobs numbers, retail numbers, industrial production as well. we will break that down for you. keeping an eye on the japanese unchanged. much there was concern over the coronavirus. in 2019the past week lows. taylor: more on that coronavirus. the world health organization has declared the outbreak a global health emergency

paul: and i am paul allen in sydney. shares of apple continued to rise after reporting unexpected revenue in the holiday quarter, more demand for iphones and wearable devices as well. wall street was positive on growth in china as well as the outlook from the second quarter. we are joined by robert mueller to discuss. anks for joining us. we will start with the china story. apple was a distant fifth in the market. single-digit market share. is the optimism misplaced? >> no, you have seen the declines year-over-year and it is nice to see an uptick there. i think there are worries about the coronavirus, what it will be doing to demand, but it is a healthy sign to see the uptick in china demand. paul: what about the news -- off you go, taylor. taylor: does it give you pause that they are making guidance $4 billion wider in response to the insurgency around -- the uncertainty around the coronavirus, does that enter into your forecast? robert: our projections are more toward the middle point of guidance right now, it is a lit

and paul are on their way home paul is angry he's had problems at work anopheles awaken relaxed. her parasympathetic nervous system is activated this works to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in the adrenal glands. and the happiness hormone therapy tone and it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v.s cuts in front of their car and quickly steers them to safety pulse reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all where the body's fear response originates sends out a distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vici

copies of paul's book "the ambassadors," paul will be appear signing. please form a line to the right of the table and normally we ask you to pull a few chairs but don't do that tonight because we need them in place, thank you for coming. >> you are watching booktv on c-span2 with top nonfiction books and authors every weekend. booktv, television for serious readers. >> welcome, everyone. we

lou: submitting it, rand paul. roberts offering no further explanation. senator paul told reporters his question was entirely appropriate. >> my question made no reference to any whistleblower or any kind of person or complaintant from the whistleblower. manager schiff says he has no knowledge. if he has no knowledge, the rest of us can have no knowledge hot whistleblower is. it means anybody anybody ever said might have been the whistleblower could never be discussed in a proceeding. it's very important whether or not a group of democratic activists part of the obama-biden administration were work for years looking for an opportunity to impeach the president. lou: schiff was later asked about the role of one sean hurricanes sko, the staffer hired -- sean misko. >> i will not dignify that by giving them the any credence. nor will i share any information i believe could lead to the identification of the whistleblower. >> i can tell you hot whistleblower should be. it should be every one of us. every one of us should be will fog blow the whistle on presiden

and paul are on their way home paul is angry he's had problems at work anopheles awaken relaxed. her parasympathetic nervous system is activated this works to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in the adrenal glands. and the happiness hormone saratoga it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v. cuts in front of their car and quickly steers them to safety pulse reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all the lower the body's fear response originates the distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol the. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vicious circl

and paul are on their way home paul is angry he's had problems or worse than a feels awakened relaxed. her parasympathetic nervous system is activated this warms to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in their dream. and the happiness hormone sarah tone and it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v. cuts in front of their car and quickly steers them to safety pulse reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all where the body's fear response originates sends out a distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vicious circl

and paul are on their way home paul is angry he's had problems at work anopheles awaken relaxed. her parasympathetic nervous system is activated this works to relax the body aided by various hormones and chemical messengers that flood her system for example noradrenaline which is formed in the internal glands. and the happiness hormone saira tone and it plays a key role in the central nervous system as well as other parts of the body suddenly a large s.u.v. cuts in front of their car and quickly steers them to safety pulse reaction is also swift because he's so wound up his sympathetic nervous system already activated goes into overdrive 1st of all where the body's fear response originates the distress signal. the hypothalamus communicates with the pituitary and adrenal glands telling them to release adrenalin and cortisol the. signals to the heart and lungs increase the muscles oxygen supply within milliseconds paul is ready for action suddenly an old man walks across the street and anna has to break sharply paul is so worked up that he cries out he's in a biochemical vicious ci

i don't know that rand paul will do a darn thing. >> well, it's interesting. there's going to be a vehicle for it. kim cain, one of my senators from the great state of commonwealth of virginia is introducing essentially a resolution, piece of legislation that would say he can't do this without congress's -- >> that's from bernie sanders. >> and tim kaine, tim kaine, right. and, listen, if rand paul wants to prove -- he can sign up and get other people as well. >> that won't -- >> in terms of the press, there's still the clinging to this naivety about. trump. so, yes, we're seeing more skepticism now in terms of the

ran paul, also saying he's going to support it. another republican. he says the briefing from top officials including the secretary of state mike pompeo. defense secretary and chairman of the joint chiefs. cia director didn't give anymore information they could have read in a newspaper. >> there was no specific information given to us of a specific attack. generality was given to us. i didn't learn anything i haven't seen already. >> republican source telling cnn the attitude coming from pompeo and others in the room was don't second guess this move. don't do anything to question us. the source said that's not a quote. went on it say i don't think that goes over well in the senate. sure doesn't seem like it. all this coming hours after the president spoke to the nation about his high stakes gamble in iran. >> iran appears to be standing down. which is a good thing for all parties concerned and a very good thing for the world. no american or iraq lives were lost. because of the precautions taken. the disperse of the forces. and early warning system tha

and paul farnes was one of the elite. paul farnes, who's died at the age of 101. new images of the surface of the sun have been released. they were taken by a telescope based on hawaii — and reveal unprecedented detail. these cell—like structures, roughly the size of the state of texas, are superheated plasma reaching the surface. the darker areas show where it's cooling and sinking back into the body of the star. scientists say they hope it will help them establish how changes in the sun can affect weather conditions here on earth. they are not the only ones looking. nick miller is here with the weather. we have had our sunshine for the week, it's been bright and cold and there's been a weather transformation that not everybody will appreciate because now it looks a bit like this, it's cloudy, misty, murky, but it's much milder out there. the uk is under there somewhere, the white is the cloud, the blue is where we have the rain. we have seen a spell of rain pushing across parts of southern england so far today, and it's raining across western scotland. this

it is not going to be the type of victory that paul is describing. paul would know better than me but i have never seen a sitting president who only focuses on his base and that is what this president has done and they have left themselves with extremely little time, nine months, to try to build on that through plans the president at davos just announced a tree planting initiative. that's not going to be enough to undo years of saying that climate change is a hoax, which he has said over and over again. he has done little in terms of health care despite his claims on twitter other than try to undue the parameters of the affordable care act. they are taking a gamble they will be able to take what he has and with the economy plus whoever the rival is he can win. it will not be a pretty victory if he wins, but it could be a win. >> there's always infrastructure week. >> yeah, that's coming up. >> just saying. >> that is coming up. >>> paul, maggie, thank you both very much. coming up here in just minutes, we will speak with senate minority leader chuck

paul, i'll start with you. valuations getting stretched here >> i'm a little bit worried about the valuations in tech, and i've been at this game a long, long time. fundamentals are okay. fundamentals might even be accelerating a tad from last year but when you take a look at the valuations of some of the marquee names that you mentioned in the teaser, particularly tesla and apple, i'm worried >> interesting okay joel, how about you? given some of the names we just mentioned, in your coverage universe, what do you like the most at these levels >> good morning. thanks for having me on. obviously with tech you want to be a lot more selective and who the winners and losers are going to be. i think apple is to the upside, but 13 times to 24 times the span of 12 months is getting a little rich. i think the 5g hype could get a little ahead of itself, especially 5g as a utility is limited in the foreseeable future i look for names in the large cap leadership like alphabet, salesforce.com has underperformed parts of 20

paul: they typically don't. they say listen guys, this is our best guess of how we think subscribers will go up. there is some seasonality. we try to factor in new markets. sometimes we get it wrong. and on either side. that is with the stock around historically, around earnings since the company has been public. now they have the added uncertainty of competition out there. when disney launches and apple tv launches in this quarter that they finished and next year they have hbo max and so on and so forth. that will make it more difficult. scarlet: just to repeat the numbers, first quarter streaming paid net change of 7 million subscribers. the first order of last year was an incredible quarter. they added 9.6 million user in that -- users in that period. they said they would see a drop in 8 million users would be more likely. joe: the company note in the earnings that it is still free cash flow negative because we know it is investing like crazy on all kinds of new content. that is an old story. is not improving