Rising today after the trunk victory, removing concerns that clinton would push for price controls. This has risen the most since 2008. Interestingly, glaxosmithkline said that pressure on drug prices in the u. S. Will continue regardless of who wins the presidency. , is rebounding when ittwoyear low fell through 17 percent. Basic resources rising on the assumption that more spending will happen in the infrastructure space, boosting demand for metals and helping mining companies. Ramstad,he likes of benefiting from the earlier jump in the gold price. Ram gold up as much as 10 earlier. A Trump Presidency could send boolean to almost 1400 an ounce llion tog to 20 bu almost 1400 an ounce according to 20 analysts. Defense stocks could win as trump boosts spending on defense. He could increase spending on aircraft, ships, and troops benefiting many of the companies on the ftse 200 aerospace and defense index. Julie, what has been the impact . Julie it is curiously muted and the major averages are very little changed with the dow s ping 43, the data the and nasdaq down very slightly. If you look at the futures overnight to where we are now, you see this incredible climbing back to little change, but if you look under the hood of this market you will see some big moves. The imap on the bloomberg shows some large percentage moves, health care up 2 . Utilities down 3 . If you look at 70 of stocks on the s p 500 we have a move plus or minus 1 today. It is rare that we see that kind of move. I want to talk about health care in the u. S. , a big slump in shares of hospital operators. If you aree saying going to repeal the Affordable Care act, what replaces it . A lot of uncertainty. He seems to be diminished risk on drug pricing. Eneron, seattle since Seattle Genetics benefiting. You have the dollar surging versus the peso by about 9 and implications for u. S. Companies who do business south of the border. 13 ,s city southern down Constellation Brands down 8 . These are companies that get a decent chunk of their revenue from mexico so a lot of concerns of the implications of this election outcome. Vonnie julie, thank you for that from the markets desk. Mark lets get Global Reaction to Donald Trumps stunning win over Hillary Clinton. We have a complete Team Coverage on the european close. With reaction from e. U. Leaders. You, if i can start with theresa may asked about the special relationship between the u. K. And u. S. , is it still in yes. John one of the most important things to bear in mind as we have this whole controversy when obama came over and said if brexit happens then britain will go trump made itld big point that that would not be the case. On the face is not very bad news for theresa may. Mark we are no longer at the back. Is a trump win good for brexiteers or good for the remaining camp . The if you look at dynamics of the brexit negotiation, if you are taking a twoyear view theresa may is going to have to make a lot of different deals with Different Countries and of trump carries through on his threat to cozy up to russia, you are going to see countries in eastern europe, perhaps a lot more prepared or happy to do deals with the u. K. In return for security guarantees and guarantees of the nato umbrella placed over countries of the baltics. She has an opportunity to play they security concerns in europe to her advantage. Vonnie i want to bring in and. Ishard in brussels we had some comments from Jean Claude Juncker after the results were out and they will not particularly. Europe there has been a lukewarm message of congratulations because they know they are going to have to deal with this man. They might not like him and see him as a bit of a threat to the establishment, but they know he is going to be the man in charge. I will not come out straight away and say we do not want to have anything to do with you, but they realize there is this momentum growing that we saw with brexit against the e. U. And the things that you stands up for, liberal democracy, social security, free trade deals. I think they see trump is a real threat to that. They have come out today saying we are going to do business with you, we want the Transatlantic Alliance to continue but we are wary of where this might take us. Nato andhe idea of that there is really no safety net, this idea that people are being voted out of office because electric are unhappy could continue to spread. With the is next referendum. What do you think e. U. Leaders are thinking . The italiane got referendum in march. In december, the dutch election in march and elections in france and germany so they know by this Time Next Year they could be gone. They see that populist momentum in the u. S. And worry it could be some kind of contagion to europe. You talk about nato, the danish Prime Minister has come out and said we have got to start spending more on defense. In all sorts of ways and Different Countries the trump effect is having an impact. Mark lets bring in tony halpin in moscow. Putins presence was acutely felt throughout the president ial campaign in many ways. He was the first to congratulate trump today. What sort of ties can we expect between the u. S. And russia, or between trump and . And 10 . Putin. Tony russia believes they can forge a much warmer relationship with the u. S. Than has been the case under obama. That will help them get out of the dead ended thing and in relation to sanctions over the ukraine, and allow them to forge a partnership with the u. S. In syria where they have been fighting the islamic state. The u. S. Under obama has been accusing russia of propping up the assad regime. This is a new chapter of russianamerican relations. Issue, ithe ukraine have a chart showing the ukraine 29 bonds, shooting up the most in nine months. Is it a valid concern that donald trump will be less willing than obama to protect ukraine from russian aggression . Yes, i think the yields are up more than 80 basis points and the reason for that is that maybe people do believe that ukraine is now more vulnerable under a President Trump fan under president obama. Mr. Trump has said he would recognizing russias annexation of crimea and that could lead to the lifting of u. S. Sanctions against russia. Putins bruton economic aides says they expect just that. There is concern about the ongoing conflict in Eastern Ukraine and whether a Trump Administration is less willing than the Obama Administration to apply pressure on russia to withdraw its influence over that conflict, and to reach some kind of settlement. I think ukraine is very much concerned it will be more vulnerable and this could lead to an extreme increase in fighting. Mark tony, thanks a lot. John is still here. We have had all sorts of leaders across the globe comment on congratulate on his victory. What has been the tone among the global of the elite . John i think they are cautious but the hind the scenes on the one level there are deep concerns about what the election means for the postwar liberal order that america was so strongly a part of. Mark who holds that torch now . Is it merkel . John some say merkel but she has her own election and populist insurgency at home. Right now it does not really seem like there is one. Mark thank you very much, john. Vonnie it is time now to check on the bloomberg first word news. Courtney donohoe is in the newsroom. Trump hasdonald written a populist wave all the way to the white house, doing more than just beating Hillary Clinton. Isscored an upset that likely to change americans agenda here and abroad. He captured Muslim States and retained traditional republican strongholds. Captured many states and retained traditional republican strongholds. Mr. Trump we will deal fairly with everyone, everyone. All people and all other nations. We will seek common ground, not hostility. Partnership, not conflict. Will have aump Republicancontrolled Congress to consider his agenda and nominations to the supreme court. Republicans surprised democrats by holding on to the senate with at least 51 seats. Races in New Hampshire and louisiana have not been decided yet. Republicans still have a substantial advantage in the house and there is a question of whether hardline conservatives ost House Speaker paul ryan. Drop will discuss trump will discuss the transition with president obama tomorrow. Global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. I am courtney donohoe. This is bloomberg. Vonnie the market turmoil following Donald Trumps victory has eased somewhat. What can we expect for the future . E will speak with edmund shing we will also hear from Hillary Clinton. This is bloomberg. Mark live from london i am mark barton counting it down to the european close, just 14 minutes away. Vonnie what a session it has been. I am vonnie quinn. The initial market turmoil that followed Donald Trumps victory has eased but what can we expect in the weeks and months ahead . Joining us is edmund shing at bnp paribas. How much do the overnight gyrations have to do with liquidity and how much were positioning of traders trying to wee a quick buck given that had 51 odds . I am sorry, we have to go straight to live Speaker Paul Ryan. I spoke with president ial elect donald trump and congratulated him on his great victory. We talked about the work ahead of us and bringing this great country together. Let me just say, this is the most incredible political feet i have seen in my lifetime. This is something you have heard me say time and again. Seven out of 10 americans do not like the direction our country is going. Many of our fellow citizens feel alienated and have lost faith in our core institutions. They do not feel hurt and they do not feel kurd and they do not feel represent heard and they do not feel represented but donald trump heard a voice nobody else did. He connected with people nobody else did. He turned politics on its head and now donald trump will lead a unified republican government. We will work hand in hand on a positive agenda to tackle this countrys big challenges. I want to congratulate my friend mike pence, a good man and a principled conservative, and he will make a great Vice President. I want to congratulate reince priebus. What he has done to rebuild our party is remarkable. I want to congratulate Mitch Mcconnell and our republican colleagues in the senate. I want to congratulate ron johnson, something we have worked so hard on his victory. We just spent four days country tong the unify all republicans to vote and that is what happened. I am immensely proud of the campaign that our house members and candidates ran. I want to congratulate greg walden and our entire house leadership team, what a phenomenal job. Look at it this way. Our House Majority is bigger than expected. We won more seats than anyone expected and much of that is thanks to donald trump. He provided the kind of coattails that got a lot of people over the finish line so we could maintain our strong house and senate majorities. Now we have important work to do. Many months ago republicans in the house united around a bold agenda for this country that offers a better way forward, and will help us hit the ground running as we work with donald trump. We will honor the timeless privileges our country was founded on, freedom, free enterprise, consent of the government, and we will apply those to the problems of the day. This is the kind of unified republican government that we set out to deliver. There is no doubt our democracy can be very messy and we do remain a sharply divided country. But now as we do every four years, we have to work to heal the divisions of a long campaign. I think president elect donald trump set the perfect tone last night for doing just this. I know president obama and secretary clinton are committed to bringing the country together. This needs to be a time of redemption, not recrimination. We all need to rededicate ourselves to making America Great and a more perfect union. With that, let a take your questions. [indiscernible] some of your colleagues were critical of you that you did not embrace donald trump enough. Is your relationship with the president elect and the conservatives in the house in tact . I think it is. I have spoken with donald twice in the last 18 hours, last night and this morning. I spoke to my friend mike pence twice as well and we are going to hit the ground running. We are very excited. When i say seven out of 10 americans do not like the direction the country is going, they just voted. I think what donald trump pulled off is an enormous political feet. He heard the voices that others were not hearing and he earned a mandate. Now we have a unified republican government. If you listened to u. S. In the closing days of this campaign, we were making an appeal to our federal our citizens and republicans to unite. During any of your conversations with the president elect did he assure you he supports your speakership . We had great conversations on how we could Work Together to make this transition. Yes, im very excited about our ability to go forward together. What do you think the voters nationwide who are concerned about president elect trumps comments about women, [ indiscernible] look at these issues and the potential for our country. With direct dish look at the direction we have been going in the direction a united republican government can give you. 1984he First Time Since wisconsins 10 electoral votes went to republicans. We did not think it could happen. Donald trump turned it on its head and delivered the 10 electoral votes. He helped elect the Strong Majority in the senate and house. You are going to repeal and replace obamacare how soon and what is it going to look like . What do you say to those folks who do not feel like he is going to be their president . Campaign whereh people believe they were pitching so hard for one side or another, this Health Care Law is not a popular law. It is collapsing in its own way and so to your specific question, this congress, this House Majority and Senate Majority has demonstrated improvement. The problem is, president obama vetoed it. Now we have President Trump coming and asking us to do that. With a unified republican government he can fix these problems. It is not just the Health Care Law we can replace, because we have shown the willingness to do it. There are so many more things im excited about. Think about the laidoff coworkers who see relief, the farmers in wisconsin being harassed by the epa, the rangers and the west being harassed by the interior department. There is relief coming. This is good for our country. This means we can left the oppressive weight of the regulatory state and restore the constitution. Think about that conservative that the constitution for conservative judges. [indiscernible] ,s part of that i also wondered a lot of your Republican House and Senate Candidates said they would be in check. What is the balance you will strike . To make sure that the government with mistakes. D i think our mistake is that we did not do the right thing at the right time and we did not seize the opportunity to present when it presented itself. The opportunity is to go big and bold and get things done for people of this country. There are different kinds of conservatives and republicans. The key is to not only unify and merge these approaches, but to also invite everyone else in the country to get us focused on our solutions. What i see here is great potential. What i see is with a unified government and not having this protracted, divided government that has been playing us for i see is the opportunity to get back to work for the american people. Donald trump pulled off an amazing political feet. It helped us keep our majorities and showed the country that people do not like the direction we are going. We need to change direction and im excited that we in congress along with our nominee who is the president ial elect offered a clear and coherent agenda. That is the direction we are going to go and im excited about working with our president elect and Vice President elect. Vonnie youre listening to House Speaker paul ryan giving his First Press Conference since the president ial vote came in and was counted and we have a president ial elect. He is in wisconsin and talking about healing rifts in the party and the exciting feet that donald trump pulled off. On the left we are looking at the Peninsula Hotel and Hillary Clinton will be speaking to her supporters in just a few moments. We can see the rest of her Campaign Staff has been gathered as well. We are going to go back to House Speaker paul ryan. Clearly did not want the republicans to win. We have a very clear agenda. We believe in the principles that built this country, the constitution. We have an agenda to bring people back to work, we want accountability for the federal government. We want the federal government to respect the states. This is exciting so for those of you who are concerned, this is a time to unify and to heal. The president elect engaged the right tone last night