good for the ceo. we will hear from both sides. >> we have got the latest on the war of words between the united states airlines and the major gulf carriers. >> and back to the future and our childhood. sony wants dominated the 80's and the 90's. they want to pay off with this return. ♪ mark: good afternoon, imr crumpton here with scarlet fu. at the: let's get a look markets. equities back to positive gains right now. the dow jones industrial average by 13 points. a long and meandering road from down to up. if you look at the bond market,

that is where most of the action has been. let's show you how the dollar is moving now. the bond yields are higher. that means prices are lower. we resumed that bond selloff in europe and the united states and the dollar is lower once again by almost 1%. 93.62 mark:. -- 93.62.e seven people died in the amtrak crash last night and more than 200 others were injured. there has been a potential breakthrough for investigators trying to figure out why the train derailed. >> whatever is comparable as we know it, often referred to as a black box. that has been recovered. it is now in the amtrak operations center in delaware for analysis. we have no information from that particular device at all because it is currently being analyzed by experts. amtrak has suspended

service between philadelphia and new york. part of the biggest -- the busiest in the nation. millions more cars have been recalled because of faulty airbags. toyota and nissan added more than 6 million cars to the global recalls. all of the cars have airbags made by the to cotter corporation. 17 million cars from 10 automakers have already been recalled. at least six deaths and more than 100 injuries have been blamed on the bags. president obama met with crown prince mohammed. one who will not be at the summit is the saudi king who insists his absence is not a snob and the president said he welcomed a chance to speak with him. us an opportunity to discuss bilateral issues, including the crisis in yemen and how we can build on the tose-fire established

restore a process for an inclusive, legitimate government inside of yemen. will also give us a chance to discuss broader issues that will be the topic of the u.s. summit tomorrow. the saudi's are skeptical of the negotiations with iran over its nuclear program. the greek economy back in recession after a first and negotiators are about to demand another 3 billion euros in budget cuts, that would get the troubled country into a surplus, a target endorsed today as acceptable. greece emerged from its worst slump since world war ii. recession saw a quarter wiped out with one in four greeks without a job. mark: chicago's credit rating has been cut.

chicago's credit rating was lowered to junk. allowing the bank to demand the debt be repaid early. plans togo mayor refinance $900 million of debt to reduce penalties. a big day for the company that --e an -- and acquisition and agreed to buy a water 13.8ms maker for fort -- million dollars. the two publicly traded entities will include a science and --hnology company that will the other will be an industrial company. business lines include water filters, dental equipment, and medical testing devices. scarlet: facebook is pushing to improve working conditions. the social network announcing a program that would increase wages for contract workers to at least $15 an hour, give them at least 15 days of paid vacation, and pay ivanovic -- pay a bonus if they do not get paid for

leave. the company's mirroring moves by other tech companies hoping to address concerns over income disparities in the region. prince harry going native on a visit to new zealand. the largest military base in the country and it quickly learned the dance. bulging eyes, tongues out. a fast learner because he only had 20 minutes to learn the dance. it is a traditional work cry performed before battles but it was offered up as a welcome for a distinguished guest, or to acknowledge great achievement. those are top stories from bloomberg news. coming up, hockey fans and gamblers are gearing up. they are predicting. call and the mayor of philadelphia is set to deliver breaking latest news on a devastating amtrak crash last

night near philadelphia. the death toll now stands at seven. we will have the latest. quite a new twist between american apparel and the former ceo, involving complaints over employee abuse. that and much more is coming up. mark: to the top story we are this wednesday, the ceo of dupont prevailed in a proxy struggle with an activist investor. scarlet: shareholders rejected a plan and split the company in two in addition to cutting costs. earlier, betty liu spoke about the win. been a tremendous effort by all of the team today in focusing on shareholders and it has been an outcome we are pleased with and we are looking forward to moving forward with the strategy of our company. >> i am watching the stock price right now. right at the open, it sank.

down a must 7%. it has come up in little bit but was in the red. i know you are feeling victorious yourself in this strategy. investors seem to be having a hard time with the outcome of the vote. how do you sell this victory to your shareholders? it was never about winning or losing. it is about the future of the company and how do you create the greatest shareholder value going forward. shareholders have been pleased as achanges we have made company and the changes we are on the verge of making. creating two strong companies for our shareholders. there is a lot of excitement about that. bethe short-term, they will what they are, but we will continue to focus on delivering great value for the shareholders. -- betty: how is the strategy right now? how is that going?

>> we are close to the launch and the timing is july 1, they will launch as a separate company. are a know, they commodity chemical company with very strong position spare the number one position -- strong position in chemicals. i think they will compete very well out in the marketplace. on theing back month-long ordeal, or the years long ordeal. how close were you ever with settling with nelson? >> we have been engaged with them and talked on and off about various aspects. it is a hard thing to gauge but we have always engaged in a way that understood how we were going to create greater shareholder value. this is the result of where we have come. want to go into the shareholders meeting full on, not settling, watching this battle? the odds were not in your favor.

>> we had a strong story. i believe as you take a look at the company we are creating going forward, the last six years through the top line, 6%. through the bottom line, 19% on a compound annual growth rate we were suffering from the downturn, and we had flat earnings for a few years, but our shareholders could cb on that, they could see the company we are creating, a higher value and higher growth company and very excited about the prospects of value creation there. betty also spoke with activist investor nelson, and asked him if he would have done anything differently in this proxy fight. nelson: i think the shareholders understood the story. i think we could have perhaps done a better job with retail. know, i cannot get into

the heads of the index fund. we had our meetings with the index fund. the same way, which was sort of surprising. the proxy advisory firms all came out in favor of me getting on the board. did not know that we anything wrong. i think we could have done a little bit of a better job, obviously, but if you ask me if i would do to get in, yes. i would. what i change a couple of little things, but it would be all around the edges. have made a fair profit for our investors. the stock is up. it was up 50% and now it is up 45% or 40%. i have not done the numbers, since we have invested and since we got involved. the company wants to take credit for that and that is wonderful. that is ok but now it is up to

them to perform year i meant -- year on and. -- end. involved, first got the data paper came out in the day iss came up for us. those were the three biggest days since the management team has been in place and before the 32 quarterly announcements made by the company, the stock was down a net $12 over this management team's 10 year. mark: speaking with betty liu. dupont stock falling today jumping on the news, down 6%. nelson is feeling a little vindicated, i'm sure. still ahead, the rangers need to eliminate the washington

capitals tonight. do you like how i editorialized that? we know how scarlet fu is positioned. go rangers. ♪

mark: welcome back. scarlet: i felt a need to identify myself. [laughter] mark: sorry. scarlet: should we identify julie hyman?

julie is at the breaking news desk. julie: i am julie hyman comically -- in case there is any confusion. let's look at some of the big market movers we are watching today. delta has been one of them throughout the session. it announced it was approving a five in dollar stock repurpose plan, more than double last year's program and it raised dividends by 50%. the stock has been up throughout the session. there is also the big news into that yesterday after the wall -- now it will be acquired for $13.8 billion. it gets interesting -- after the acquisition, the two companies will split into two. they will combine them in split into two. one of them will be a science and technology growth company and the other will be an industrial company. we are also looking at macy's today, really echoing the

overall retail scene we have been hearing about today, with retail sales overall coming in with lower estimates and macy's is also missing estimates. it makes sense it is mirroring the overall trend. down in winter weather and international shoppers spending less in the united states, all weighed in on its results. scarlet: thank you so much. mark: let's look at top stories crossing the terminal at this hour. agree to pay 22 million dollars to settle an investigation centering on two florida is. the storms were targeted i federal regulators for sales of powerful painkillers. cvs aren't two a cvs stores in the town of sanford from dispensing from controlled substances, including oxycodone in 2012. the agency said the stores dispensed more than 3 million oxycodone pills the previous year, far above the national average.

the war between u.s. airlines and carriers from the persian gulf. gulf carriers has been accused of except a 42 billion dollars in unfair subsidies from the government, skewing ticket prices and keeping them out of glowing -- growing global markets. the ceo of delta airlines made provocative comments linking middle eastern companies with terrorists behind the 9/11 attacks. quite silence tell people i ever never forget because we are not a nation of terrorists. we are an alliance of the united states against these terrorists. had been said will never be forgotten by me. mark: the ceo apologized for the statement but the controversy continues. scarlet: visio could go public this year. already interviewing banks

for the potential ipo. it is known for low price televisions and has recently moved into other types of consumer electronics like computers and tablets. set to have more than $1 billion in revenue. north koreans will not forget anytime soon, reportedly executed for falling asleep last month. kim jong-un had the military's's top leader shot by a firing squad for napping at a rally. the defense ministers one of the most influential positions in the country. i philly they should have waited to film the interview until after this happened. mark: those are some of the top stories we're following. my new york rangers and the dreaded washington capitals face off in game seven of the second round of the nhl playoffs. we told you how people are being asked to pay more than $700 per

seat on the secondary market for a seat at tonight passes game. what about everyone else? mark: i asked you during the commercial break for a sneak league of what this will be looking like and you said no, i will not tell you and you will have to wait. so tell me. scarlet: in terms of what bankers are saying, for nhl games, you bet on who wins rather than a point spread. the point spread is not very big. the rangers have won or lost every game by one goal right now, you risk 100 $70 to win $100 for the rangers. for the caps, you risk $100 to an $150. the rangers are the favored team to win tonight's game. not so good if you are a rangers fan like us. lightningawks and the lead the way there. over to-one odds. kicked it off last

night. the rangers, almost 4-1. for the caps, i suppose it is a good one tonight. we have season tickets for the rangers overall and we shared three other people. they will go to tonight's game. we last year have the tickets for finals and that funded the rest of the season tickets. we broke even on everything. mark: i am interested because when there is a game, i understand the fans decided you want your team to win. i'll is feel good for the vendors and the folks who work at the arenas. at least they get an extra day's's work here if this is the last skim of the season, at least the folks will be there. because you know they're not working during the next game spear the next did not go anywhere. you should also feel good for jim because they make a lot more money every time the rangers advance in the playoffs. he needs our sympathy, of course. mark: we will have more coming

up. ♪

mark: welcome back. it could be the most dangerous job in the world. commercial fishermen off the alaskan coast. figure -- federal regulars has helped reduce the risk but it is not enough. >> prepared to take the load. >> coast guard crews face -- save four fisherman from a death. >> it is too cold. dozens ofmander pilot these rescue missions each year. >> people get injured and hurt and we have to come in and take them out of harms way. >> do you see it as a dangerous place? >> of course, if you are not prepared. >> commercial fishing has long been the greatest source of income. ♪

>> and the leading source of death. ♪ >> fishing fatalities have dropped significantly since conjurers -- since congress passed a law. the fishing industry worth more than $6 billion a year still lost more than 400 fisherman since then. had known a lot of people who had died from fishing because they had a piece of equipment but did not know how to use it. >> jerry used to fish for a living but he today fish it -- teaches other fisherman how to stay safe when they're out at sea. in alaska, it means learning how to get into an immersion suit to survive the icy waters. the coast guard here currently lacks resources and authority to .nsure every fishing vessel

>> right now, catch people if they can on the water and that is it. just a cherry picking thing. breaking news. the mayor of philadelphia is delivering a briefing on last night's devastating amtrak crash outside philadelphia. the death toll stands at seven. let's go live to philadelphia. >> managing director and deputy mayor. peter, director of communications. we will now announced. i know many of you have reported but we will now confirm that, unfortunately, there are seven individuals who are deceased as a result of the tragedy from last night's train derailment. we have been assisted at an .ncredible level by amtrak

we again want to express appreciation to the board chairman as well as the board .ember we have begun the process. the office has started the process of notifying next of kin. i do not have information on and i amindividuals not in a position to release that information, and i do not have it anyway. we just took another visit with our two senators and we have given them a full briefing by all agencies at the table, letting them know their role and responsibility but also, we wanted them expressing our appreciation to both of them for being here. sawanted to make sure they

the scene as well. i will first ask sam to come up. we are still trying to get families information about loved ones who may have an on that train and reunify them. the two hear from senators and then i will come back with closing information tryingwe have in doing, to get an opportunity for questions and answers for anything we can answer. >> good afternoon. as we have been saying, all day we have been in the process of reconciling several different data points, working with the hospital system, working with ems trance work, trying to who would walkse off the scene last night. those who visited the friends and relatives center at 3400 franklin avenue, again coordinated with the medical examiner's office as well. we have made good progress accounting for the majority of individuals, but we still have folks we would like to hear

from. know of somebody who left the scene last night and is doing well, please have them call into the one 800 number. 1-800-523-9101. we just want to make sure we could account for everybody safely. the friends and relatives center here has now closed. totransitioned everything the amtrak family assistance center at the marriott. that is open as of 2:00 p.m. today. thanks. >> let me also recognize judge leader of the american red cross here in philadelphia, again one of our partners in any of these efforts. thank her and the american red cross and of course the salvation army, which has also been on the ground and very and the great folks at

while i have made enormous contributions to the first responder personnel with water and a variety of other necessary supplies, given the work they're them along ining their work. the first up would be senator bob, then senator pat, and then i will be back. >> thanks very much. we are here to offer our condolences and prayers to the families of those who lost loved ones here, as well as to remember and offer prayers in support to those still recovering, those injured. i want to commend the work of the mayor and officials, state and federal officials who are here, too numerous to name. we are grateful for the work they're doing under the most her ethic of circumstances. finally, the senator and i,

getting a briefing and a tour, we want to offer our help today,way we can tomorrow, short-term and long-term. senator. senator toomey: thank you, senator casey. this scene is a heartbreaking and terrific scene. -- horrific scene. my heart goes out to those that are injured and all of their families. i also want to take a moment to express my appreciation to the first responders, the men and women of this city's police and fire forces who responded with such professionalism. deserves credit. he and his team have pulled together a very effective and coordinated effort that has included the federal as well as the city officials.

so, we appreciate what they are doing and we want to explain -- expressed both our condolences and appreciation for that effort. as senator casey pointed out, a big part of my being here, and here, was to make sure that mayor nutter and the city of philadelphia knows it there is anything the federal government can do to help, we want to make sure the mayor knows that. here, was to make sure that mayormayor nutter: senatord you both.omey, thank the mayor report that shortly after the early press conference today, i have the upper -- honor and opportunity to speak directly with president barack obama who called, wanted to get on-the-ground information and facts. the president is very concerned about what has happened here, expressed his condolences as well and also pledged a full support of the federal

government and the agencies under the executive branch of the government. the president feels very saddened by what has happened, but he was tremendously supportive and encouraging all our efforts here on the ground, and for that i want to say thank you to president barack obama for all of his leadership and support in these difficult and tragic times. with that, let me open to some questions for anything that we can answer. please understand if i cannot answer a question, it is not because i do not want to tell you things. it is because i do not have the information and we will not speculating anything. >> the investigation at this location is pretty much wrapping up? mayor nutter: i would not say that. the search is very, very active. as we literally left the scene, there are a significant numbers of personnel from the fire department, security, amtrak

personnel, on the tracks and now off of the tracks because most of the train is now off of the tracks. we will not cease our efforts until we are absolutely sure that we have gone through every the echo. -- vehicle. the search area has actually been expanded. there was an expanded search area last night with k-9 dogs because it was dark and that search expanded this morning with officers and other personnel to look even further in case someone was possibly thrown from the train. so, the search process is vigorous and active. what i am going to ask you to do, i should have said this earlier, if you can raise your hand, give me an id, i will try to get as many as i can. >> there is a report that the train was going 100 miles per

hour on a 50 mile per hour curve. can you confirm or comment? mayor nutter: i cannot confirm anything like that, and i do not believe even the ent a -- the ntsb would be able to confirm something like that. they are still going through the investigatory process. the event recorders, for what we euphemistically called the black in wellington, delaware, being downloaded and analyzed. let us please not try to speculate on what you could find out. days.t, in a couple of i understand the need for you to get our information, but let us not have the need to get out information overwhelm our good, common sense, to have accurate information out in the marketplace. i heard a voice over here. tommy. tommy: what about reports the train was hit by foreign objects? mayor nutter: heidi not have

complete -- i do not have complete certainty about two trains. i am aware of a report about one train that has nothing to do with this incident at all. different place, different train. nothing to do with this tragedy here. that might have been stones or rocks. nothing to do with this incident. kate: at the previous press conference you believe the engineer was injured but was speaking with investigators. mayor nutter: i need to correct something that i said earlier. train-going folks, you think of the conductor as the person in charge of the train or driving it. that is incorrect on my part. it is actually the engineer. the engineer drives the train and the conductor deals with issues of ticketing, customers, etc.. first, i was incorrect earlier when i gave information about the conductor when i actually

was talking about the engineer. ,he engineer was injured received medical care, was then interviewed by the philadelphia police department, and made whatever statement he may have made. i do not know what his statement is and i am not in a position to talk about that. that is the normal protocol, process, and procedure. a statement was given. channelul westhead, five, washington. were any of the deceased children? not haveter: i do detailed information on the deceased, and again, i am going to ask for your indulgence. we all do what we do for a living. i get that. these are human lives, people with families, just like any of us out here. i do not want to get into descriptions about individuals when we know families are still trying to figure out where their family member was -- were they

on the train, were they injured, were they walking wounded and never reported to us? i do not have that level of detail on any of the individuals, the seven now that we have confirmed our deceased. yes, sir. cbs news -- can you talk about reports of surveillance video that may have captured the crash? mayor nutter: i am not sure what video you are talking about. i did see on one station -- i do not want to disrespect anyone, it is a three-letter station and two of the letters are the same. i saw on television some flashes of light possibly from a camera from the back of their home. i cannot figure out what was going on from that and i'm not aware of any other video. yes, ma'am.

engineer, can you confirm he is not talking to ntsb investigators? mayor nutter: it is my understanding from an earlier conversation, at least at this moment, that is not a part of the ntsb protocol under these circumstances. they are investigating the accident of a train. they are looking at tracks, downloading information from their event recorders. they are looking at where the curve was, trying to determine the point at which the train actually went off of the tracks. so, that responsibility is actually left to local law enforcement in this particular case. it is not a matter of ntsb not talking to this particular individual. it is not in their protocol for this moment. that is left to local 30's. this gentleman is going to hurt himself if i do not -- authorities. this gentleman is going to hurt himself if i do not -- >> you have a general number for

the people unaccounted for and will kind of progress you have made during the day in changing that number? mayor nutter: i will not go into the numbers of accounted for and unaccounted for. we have seven individuals who unfortunately have passed away. we treated or transported upwards of 200-plus individuals and we have an estimate that is not completely confirmed about believe inve said i previous pressers, 243 individuals -- we believe were on the train. we are still comparing train manifests and hospital records and matching up individually pieces of information we can going. again, people by tickets and do not get on a train. some amtrak personnel might not have had a ticket or have been identified as being on a particular train. we are feverishly trying to go

through that, but i am not going to get into, you know, the mathematical calculations of how many folks how many did you transport and what happened to the people in between. yes. if you want that answer, yes. mayor, from univision -- can you talk about the train control system? we heard there were gaps. mayor nutter: i have no information about that and i am in no position to articulate on that. yes, ma'am. last one. >> a lot of people in philadelphia are looking to our in timesn washington of disaster. [indiscernible] mayor nutter: let me deal with that. again, i am going to ask for your understanding and your indulgence. we have suffered a tragedy here in our city. seven people have died as a result of a train derailment,

which is a very unusual event. i do not believe that anyone sitting here, standing here today, has any memory of a derailment of this kind in 50 years. your indulgence is that we not get into policy discussions or what is, or what can you do, -- what we have to do today, what we have to focus on, every person out here, is making sure we are searching every car, every inch, every thousands of square feet to find or locate individuals who may have been on that train or do the data comparison to make sure we are servicing people. there will be another day for policy and/or politics. i am asking that today not be that they and that we respect the folks -- that day and that we respect the folks that have lost family members and those searching for.

>> msnbc, sir -- i know you not want to speculate on the speed of the train, but what would be acceptable at this location in terms of speed? mayor nutter: we will not get into that and that is. speculative. you as a talk about what is the acceptable speed, and someone else wants to talk about going 100 miles an hour and that we want to do the diplomat. that is not going -- simple math. that is not going to happen. this is really the last question. >> it is the same question. mayor nutter: you are in stereo. scarlet: you have been listening to the news conference in philadelphia where philadelphia mayor michael not her has been speaking -- nutter has been speaking. we will continue to monitor the headlines here. we should mention the ntsb has recover the data recorder >> -- boxes of the train, and they have tweeted out an image. there it is.

hillyerestigator mike obtains the event -- locate event this locomotive event data recorder. the federal commission voted to slash funding for amtrak. peter cook, is the time in a coincidence? ater: it is strictly coincidence. the vote was planned some time ago, several days ago, and almost immediately there is a level of politics surrounding the crash that entered into the fray. democrats have been trying to restore funding. administration request for funding with about $1 billion more than this. gone politicaly attention before we even know what happened specifically. the cause of the crash. already there are a lot of politics involved before the crash and now, after today, even more. an eye one will keep

that one. in the meantime, you were telling us yesterday about how the senate democrats basically rebelled against the president's attempt to fast-track his trade agreement. now there is hope his trade agenda might still be alive. peter: it is back on track. scarlet: it is back on track. peter: fasttrack is back on track in the u.s. senate. what has just happened on the senate floor -- you see right now sherrod brown, democrat from ohio, has been a leading opponent to not only fast-track trade authority for the president and also the trade agreement cued up, the transpacific partnership be negotiated right now. opponent of it. he stood in the way yesterday. the leadership, mitch mcconnell, harry reid, have come to an agreement of the fast-track legislation will come back to the floor for a vote but there will be separate vote on other trade bills, one given with africa, one dealing with customs

enforcement, and one, as well, that involves currency manipulation. these are some of the side measures democrats wanted to see given consideration alongside fasttrack and this will move this forward. the reality is there is still a heavy lift in the house of representatives. it is not a done deal yet, but the president's trade agenda for the moment, looks like it is back in play. scarlet: back in play. peter cook, thank you for bringing us those details. we be right back with more bloomberg market day coverage for you. ♪

scarlet: new developments in american apparel's legal battle with its former ceo. doug charney filed suit. american apparel says the claims

are without merit. the retailer sitting on a trove of documents with numerous complaints of abuse by doug charney. matt, tell us about these complaints. someone included allegations of physical abuse. matt: there is one instance of him throwing a medicine bottle at another employee using physical abuse, derogatory terms towards women, which doug charney denies. basically, when he was fired or ousted from the company, he has a breach of employment arbitration going on which he says could be worth up to $40 million, so the company has acquired all of these documents looking for e-mails and hr reports. there is a big trove of documents the company thinks could help them in this arbitration case.

so they are prepared to bring those out. frank, talk to us about doug charney role in protecting american apparel because there cases back then. frank: ultimately the responsibility rests with the board and the board has to make a determination based on the fact that they have. i'm sure at the time they were told by doug charney, by some of the other direct reports that these allegations were baseless. but clearly happened was the evidence mounted and they did the internal investigation and made a decision that he needed to go because the company has to provide a nonhostile work environment. sounds, from what it who knows, but from the sounds

of it, it was a pretty hostile work environment for a lot of employees. scarlet: what were you most surprised about it because it takes a lot to surprises when we hear about doug charney now. matt: i cannot get into all of ae specifics, but there was pattern of white-collar workers, for the most part, compared -- complaining about being embarrassed, mental anguish -- again, the charney said none of this is true. his lawyers said this. one point about this, what he was saying, when the company was defending doug charney before, it was previous management. that has since been remade. the current management is not the same one that was there when they were defending him. there is a distinction there. scarlet: got you. frank, how would you advise the company? they should be doing exactly what they are doing, investigating, seen with the documents say. today is the electronic age.

you cannot get rid of these sorts of things, and then making determination as to whether they would -- what they are doing is right or not, and i think that is what they are following, best practices. scarlet: based on what you have seen, your experience, can too many lawsuits sink a company? american apparel is not doing well. matt: right, clearly. frank: look, too many lawsuits can hurt a company. the company will not succeed or fail based on these lawsuits. maybe the distraction of management or the board may harm the company, but the fact of the matter is that this board has the responsibility to get to the bottom of this, and that is the first priority right now. scarlet: all right, connecting the shelves, fiduciary responsibility, all of that. frank aquila, thanks much. matt townsend with this groups.

we will discuss this with the school -- with the scoop. we have much more ahead. you'll discuss commodities. we will be back. ♪

scarlet: this is the bloomberg market day. look american style -- like american-style quantitative easing, european markets were supposed to benefit from monetary easing. they strategist says the trade of the year is to go long on european equities versus bonds, even at the sharp correction in bond prices. what you can see in a chart here is a positive correlation between european blue chips, the blue line, and german bunds, the orange line since mario draghi launched easing in general. thereason is that anticipation as they will buy government debt. when mario made qe official, the

upside potential was "already largely exhausted." even the european bonds are less forwardrected, bnp is bonds. he says that equities will benefit. money effect is that transferred to the system is to greater growth, therefore higher equity prices. scarlet: according to bnp, the same dynamic has played out in japan where stocks have outperformed bonds. it with me now is alex deal. you will take over for me for the next half hour, -- alix steel. it is interesting how we have seen japan become a litmus for what should happen in europe.

alix: and also what the long-term effects will be. we've seen things get better. what that does is raise bond yields. it increases the amount of bonds, what kind of bonds ecb can buy, and we have to wonder if they can even by the balloons, for example. if that will artificially lower the yields down the road. whatet: people will asking point mario draghi will take away qe. to expand qe have because bank loans are just not making it. scarlet: this is something financial markets have to price in. the euro stocks 50 is up 13%. we will more on bloomberg television. ♪

scarlet: it is noon in san francisco, three 5 p.m. in new york. alix: this is the newsday. we break down the

buying spree. alix: nelson peltz denied by dupont. the investor voted down on receiving a board seat. we will discuss the next move. mitch mcconnell and harry reid enough there is a deal to move for the trade deal. a vote is scheduled for tomorrow. alix: good afternoon. i am alix steel with scarlet fu. scarlet: let's look at equities right now. we are near session lows right now with the s&p and the dow now negative. there you go. the nasdaq still holding onto a gain, clinging to a gain of six points. alix: i will put gain in "quotes."