peter: 1.50. jonathan: jim keenan, winifred cisar, peter tchir, thank you for joining us. from new york city, that does it for us. if you are stateside, enjoy the long weekend. over in london, see you next friday at 6:00 p.m. this was bloomberg "real yield." this is bloomberg tv. ♪ mark: i'm mark crumpton with bloomberg first word news. federal prosecutors have decided not to file any charges against former fbi deputy director andrew mccabe. the justice department's inspector general had accused him of repeatedly lying about authorizing a subordinate to share information with a newspaper about an fbi probe into the clinton foundation. mccain has denied he intentionally misled anyone. is 2018 firing was politically motivated. defense officials are standing behind her decision to divert nearly $4 billion in funding for military aircraft and other programs to help pay for a walk on the u.s. mexico border. some in congress and the move was illegal. defense secretary mark t. esper border security is national security, and our national security is our mission. the pentagon als

peter: 1.50. jonathan: jim keenan, winifred cisar, peter tchir, thank you for joining us. from new york city, that does it for us. if you are stateside, enjoy the long weekend. over in london, see you next friday at 6:00 p.m. this was bloomberg "real yield." this is bloomberg tv. this is bloomberg tv. ♪ francine: mark carney will soon end his term as governor of the bank of england. carrying the u.k. economy through crises and years of brexit related uncertainty. a high-stakes, divisive issue that has been impossible to forecast. good preparation for his next job, tackling climate change. born in 1965, the young mark carney dreamed of greatness in the world of economics, getting a doctorate at oxford. carney spent 13 years at goldman sachs, then entered public service, eventually governor of the bank of canada.

peter: 1.50. jonathan: jim keenan, winifred cisar, peter tchir, thank you for joining us. from new york city, that does it for us. if you are stateside, enjoy the long weekend. over in london, see you next friday at 6:00 p.m. this was bloomberg "real yield." this is bloomberg tv. ♪ john: hello. i am john micklethwait in davos. if you are interested in the rise of protectionism and the consequences to the world economy, then there is no better place to look than singapore. the free trading hub that has remained the friend of china and america until now. please join me for a conversation with lee hsien loong, the long-standing prime minister of singapore. you sit in the middle of two big things, you have the u.s.-china relationship or the lack of it. you also have this current tide of nationalism, protectionism. you are unusually open and reliant on free trade. can we begin with u.s. and china?

. >> peter tchir, thank you for your thoughts. >> thanks a lot, rick. >> carl quintanilla, back to you. >>> i eel take i >> i'll take it, rick. one stock that is a great beneficiary of what's going on is alpha pro tech. a very small company, but they do make proprietary facemasks. the stock is responding. >> they probably can't get them anymore. >> probably not. they do make them all in the united states. sourced domestically >> probably having supplies problems >> sara, obviously the market is going to be the key as you're following on "the closing bell." we follow all day into that key hour >> the most important hour of trade. boy, has it been dramatic in recent sessions. we'll be all over the sell-off for you. we have a great lineup guest to help you navigate including blackrock managing districter to rick rieder. we'll ask him about the moves and what the level of fear is in this market. >> see you later on. we should mention s&p is some 40-some-odd points off the session lows good morning it is 8:00 a.m. at microsoft headquarters in seattle, 11:00 a.m. on wall street, and "squawk