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Social security was much closer to going bankrupt and then it is today. The reason we have it today is the work the commission did, the surplus that was piled up in the intervening years until finally the baby boomer generation began to retire and are drying it down pretty rapidly. An opportunity to do that again, if we could reform Something Like that, we prevented this for three consecutive congresses by this president could be the person who saves Social Security, put it on firm footing and it would be done in a bipartisan way. My friend on the other side of the aisle are always concerned t...

Much different situation. Santander gets a brazilian boost as the spanish bank sees profit rise 14 in the First Quarter, showing strength in south america. Kering shares hit an alltime high after the gucci owner reports a 28 rise in comparable sales for the First Quarter. Daimler shares shifting up a gear. They lift guidance with strong mercedes sales, helping to double profits. Good morning. Welcome. Glad youre with us for street signs over the course of the next hour. We have a lot to talk about. We see quite a few great stoke moves. When it comes to the european markets, were being called h...

Anna very warm welcome to bloomberg daybreak. Rallied,e yuan has 2. 21 . The biggest weekly rally on record. What do you do when the dollar drops and you want to get control of your currency . Bit less thantle what the market expected. What we have for you this morning i want to bring you back to january of last year. Rateis when the borrowing ratcheted higher. They are squeezing. Is rising andrate the fixing rate is rising and the probability of the market taking the dollaryuan above 70 has dropped from 65 to 36 . Is a veryave here active Interventionist Movement by the pboc. Perhaps they are...

This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. F...

Obstacles for the u. S. Economy. Can anything stop the u. S. 10year hitting 3 . Plus, banking on a trump residency. How have u. S. Financials fared and what could a repeal or partial repeal of doddfrank mean for their Balance Sheets . Matt im taking a look at futures. Right after yesterday, when we saw losses across the board, we are seeing indications of a positive open. The ftse in the dax indicated to open up 0. 3 . The cac about 0. 5 . Looks like we could have a reversal of yesterdays trade. I think there are probably more exciting assets to watch than equities. Guy i think theres a few th...