from bloomberg world headquarters in new york, good afternoon. matt: here is what we're watching at this hour. markets are ending a wild first quarter, 1% gains after being down 10% in february. as we turn the page will the second quarter be just as volatile. lisa: caught up in the volatility, coordinate oil is up 4%, the first quarterly gain after last june, will it keep rising or will riseses stockpiles knock crude back down. matt: the model 3, the first for the mass market and thousands of customers are putting down deposits, we ask the question, can the car actually fuel profits for tesla. two hours away from the close of trading for the day and the

month and the quarter, let's head over to the markets desk where bloomberg's julie hyman is there. julie: it has been an eventful quarter, the shaped quarter with stocks falling initially through mid-february and then rebounding sharply through now. at the moment, the s&p and the to little change, the dow the down side, year-to-date, as we now the s&p and dow have solidified their gains of the s&p getting a little closer to 1% gain, the nasdaq remains the lag guardian the year even as large cap tech has been part of the rebound story thus far. look at the monthly performance, this looks at the monthly performance of the s&p 500. we're looking at the biggest monthly jump since october, but also the second largest month that we have seen going back to the end of 2011. this magnitude of an increase

is relatively unusual. now, that said, the increase that we have seen in stocks has been on relatively low volume and, of course, on very low volatility. we heard talk of that in the last hour. the year-to-date performance in stock, here is the v i was talking in the s&p 500 as it has gained, we have seen this come down sharply and trading volume coming down even excluding today, it's not comparable until the close of trading. we have seen low trading volume recently and volatility just dry up entirely, some traders are calling to come back during the earnings season. matt: they sure hope so, right, that's the bread and butter. i'm looking at s.v.s. right now, we're below the 20-day average in volume. it could another record low for the year to day. what about volatility? it dried up in equities, what about in other asset classes? julie: on a relative basis, we're still seeing higher volatility in things like oil, for example.

but it has come down across the board. here again, year-to-date volatility across assets, in treasuries by using the move index, we have seen that come down to some extent. oil volatility has come down to some extent although both of those are still higher than what we have seen in stocks. gold volatility has come down. dollar volatility has come down. it is something that has happened, this relative calm across assets, relative to earlier in the year. oil and gold have you been up in the first quarter of the year and year-to-date. gold having its best quarter since 1986. part of that being spurred by the declines that we have seen in the u.s. dollar. lisa: thanks so much, julie, a little bit of calm after the storm. matt: whatever happened to wood dressing, the last day of the session to get your trades in. lisa: mark crumpton has more from our newsdesk. mark: the turkish president

says seven security forces were killed in a bombing today in the country's mainly kurdish region. over 20 people including civilians were wounded. he made his comments in washington where he and other world leaders are attending a nuclear summit. there has been no claim for responsibility for the bombing, but one turkish news agency claimed the violence on terrorists which is the government's designation for kurdish rebels. at least 23 people have been killed in air strikes near a school and a hospital east of damascus, syria. that's according to pro opposition activists who say it's one of the deadliest incidents involving civilians since a partial cease-fire went into effect more than a month ago. there is no word on who is behind the air strikes. bernie sanders has raised nearly $40 million this month and he is hoping to top february's mark of $43.5 million. the vermont senator brought in more money last month than frontrunner hillary clinton but she still maintains an

advantage in cash on hand. the money is key with primaries in wisconsin and april 19 here in new york. iraqi british architect is dead. his term says she suffered a heart attack in a miami hospital. she was the first woman to win a prize known as the noble prize of architecture. her futuristic designs include the swooping aquatic center for the 2012 london olympics. she was 65 years old. global news 24 hours a day powered by our 2,400 journalists in more than 150 news bureaus around the world. i'm mark crumpton, lisa, matt. matt: let's get back to the markets, u.s. stocks wrapping up the quarter with the best month in five. if you look at the first quarter overall, the s&p 500 is unchanged ending close to where it began the year, even with a rally of 7% in march. lisa: u.s. treasury yields saw the largest quarterly drop

since 2012, bonds had their best annual starts in decades. we're joined by christian, chief investment officer at oppenheimer funds, welcome, thanks for joining us. you were at janet yellen's speech, is there anything that changed the way you are investing or approaching? >> she was the most dovish that to be.ever heard her she was talking about what they're going to do in terms of easing. they are really worried that if people in europe and japan ease policy, the dollar would depreciation unless they do something about it. in addition, she was, she said there are lots and lots of things that the fed can do and they're going to be very, very gradual. most dovish i have ever heard her. matt: all of the other fed governors are sounding hawkish, or a lot of them were, what's

the deal with the fed? is the federal open mouth committee in full effect or do they just have different opinions and share them? >> i think again, nobody knows for sure, but i think part of it is giving them an opportunity to voice their opinion. however, the policy is being driven by janet yellen and the dovish crew. lisa: you said that jeanette yellen was the most dovish ever that you have seen her. yet, we did not see that much of a pop in stocks or riskier credit, why not? >> i think that's a fair question. i think the one explanation could be that we have had a massive rally in equities and credit since the middle of february. between middle of february and middle of march, it was one of the biggest moves we have seen in the markets in a long time. so i think we are just catching up. what that does tell you is that if she remains as dovish as she was and there is no reason to expect otherwise, the outlook

for the markets over the next three, six months is much better than what it has been over the last three months. matt: we showed the s&p 500, i have on my bloomberg screen that we have been looking at a lot today, the stocks, 600 versus the s&p 500, you can see the european stocks have well underperformed u.s. stocks as the fourth quarter in a row. is this huge underperformance of europe because jeanette yellen has turned dovish or do you think that that diversion plays over and we're going to see them tracking together? >> i think the divergence plays over and we're going to see them track much closer. i think that begin the rebound in s&p 500 and the underperformance of international equities, i think international equities look quite attractive as well. lisa: given how dovish she was, where do you see the 10-year? >> the 10-year is probably going to be where it is going to be. for 10-year to rally

significantly, u.s. economic performance has to be quite soft. i don't think that's really in the cards. on the other hand, for the 10-year to get to 230 or 250 which is thought going to happen in my mind, but 230 is entirely possible, for that, people have to assume that the fomc has changed its view. again, i don't think that's on the cards. matt: look, negative yields around the world and some financial shock or crisis outside of the u.s., can you have foreign money piled back into u.s. treasuries? >> i think it certainly could. the dollar at that time would be rallying massively and dollar actually is underperforming quite substantially. matt: down four days in a row. i wonder what you think about the possibility of a rate cut? a rut hike, the futures are showing it's a possibility in december, but the last time we were talking, we had just heard from ray and he says that he

thinks it's a possibility that we see a rate cut from the feds? >> at some point, the rate cut is entirely possible. i think the feds shouldn't have gone down this path of tightening, not because of the u.s. cyclical situation, more of what is going on overseas. that is not going to change anytime soon. as they continue down the path of easing, the fed may get dragged along just to make sure that the dollar doesn't depreciateate and take down the u.s. economy. matt: they are easing right now. this is fed easing. jawbone easing, i guess. >> she basically said that. and the most interesting thing she said was, the fact that the markets reacted a certain way, assuming that the fed would tighten is a positive. they want the markets to do the fed's work to some extent. lisa: given her dovish stance, are you going back into riskier

credit, stocks? >> the outlook for stocks and credit for sure is quite good. at the end of the day, though, in a low return, low environment overall returns, the profitability is not growing very fast, is probably going to be modest. what we are looking for is modest returns, high volatilities. the markets rally a lot. i think towards the end of the year, they'll give some of that back. matt: thanks for joining, appreciate your time. coming up in the next 20 minutes of the "bloomberg markets," there are signs of trouble for both donald trump and hillary clinton in the latest poll out of wisconsin, how losses in the badger state primary could impact each campaign going forward. lisa: it's been up and down quarter commodities, oil rebounds and the dollar sells off. we'll ask former shell president john hoffmeister what is next for the oil market.

matt: a look at oil for the first quarter, a strong rebound. ♪ ♪

lisa: this is "bloomberg markets." it's time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. average long term mortgage rates were unchanged, slightly higher this week. freddy mac says the average rate was steady at 3.7%. the average rate of 15-year fixed rate mortgages edged up 2.89%. still pretty low. matt: a number of americans filing for unemployment nefits hit a two-month high,

276,000 and this may indicate that improvement in the labor market is tempered by weakness in manufacturing. the government releases the tomorrow. report lisa: planning to unveil its latest electric vehicle, the base price is $35,000. that's a bargain compared to the other two models that start around 70,000 and $80,000 each. it will be presented to the public at the design studio in los angeles. the car is expected to have a range of at least 200 miles when fully charged. that's your business flash update. stocks slightly lower. let's head to the market desk where julie hyman has a check on some ubers. julie: we were talking about large tech is coming back. morgan stanley raising the rice target on the stock, $168. it's around $151 right now and up 2% on the day. the analysts are optimistic about watson, the artificial

intelligence program. i.b.m., beginning to show the path towards revenue monitorization of this product. that's what is behind the increase. you were talking about tesla and the model 3 rollout. the stock is trading up 4% today. plus rallied some 50% since its lows of the year. what is fielding those gains and will it keep going up after the model 3 announcement. analysts are mixed. they are talking about competition from the chevy bolt. on the upper chart here, i'm looking at short interest as a percentage of float in tesla. it is unusually high here. we're talking about 33% of the company's float is sold short. so when you look at the recent gains, it could be partially a short squeeze, which is then driven that short interest down to some extent.

a lot of people are betting the stocks are going to go down. they aren't necessarily doing it to options. this ratio for tesla is a little over one right now. that has come down. so sort of mixed in terms of how the market is trading tesla going forward. another momentum stock today, these shares are rising up by about 11%. the shipment of do vices, shipped more than 1 million blaze devices, that beats the company's own internal forecast. the c.e.o. of the company spoke with our cory johnson. you heard a little bit of his interview last hour and you'll hear more on "bloomberg west" tonight. interesting times forfeit bit and tesla for that matter. matt: it wasn't a great quarter for them. cut in half. thanks very much for that. still ahead on baskets, we talk politics as we had to wisconsin, mad, wisconsin, a new poll shows ted cruz opening

up the lead on donald trump as trump's latest comments on abortion spark yet more controversy. ♪ ♪

matt: this is "bloomberg markets," i'm matt with lisa. let's turn to politics and the crucial wisconsin primary starting with the republicans. the latest poll shows ted cruz leading donald trump by 10 points in tuesday's contest and on the democratic side, bernie sanders is ahead of hillary clinton but his lead is within the margin of error from the poll. joining us from madison, wisconsin, is mark halperin, thank you for joining us. is it a crucial primary in wisconsin? mark: look, if the frontrunner somehow can win and the polls suggest and the reporting suggests they won't, wisconsin could be really decisive. it could put hillary clinton or

donald trump on an even firmer hold on their party nominations. it is very important for ted cruz and john case yig and for bernie sanders, all of them have a chance to exceed expectations here in terms of not being the frontrunner but winning. it is the only contest on tuesday. there is not another contest for two weeks after tuesday. ted cruz and bernie sanders win here, if john kasich does well to stay in the conversation, everybody goes on to new york, both nomination fights in a way hat still has formidable frontrunners but leaves open the possibility for dreamers to dream that things could change and new york could be another moment where frontrunners could stumble. lisa: let's talk about abortion. donald trump said women should be punished -- matt: if abortions were made illegal, if they break the law, they should be punished for breaking the law. lisa: correct. do you think this will hurt his chances with women voters in

wisconsin? ark: i think it will hurt with some. it is, as with many of the trump controversies, more of an issue for the general election if he is the nominee than something that might hurt him in the short term. there is a huge raging debate which we will discuss at length in all due respect tonight, we have seen controversies, analysts say this is the moment where trump's teflon is pierced where he actually falls in the polls because of something he says, hasn't really happened very much up until now. there is a body of opinion that it's happening now, not just because of the abortion comments, but some of the other things he has said and done and his campaign manager's legal problems. we'll see. i don't think anybody can see definitively. there is had to doubt there is a lot of chatter about this that is not good for trump. whether it hurts him or not is a separate questions. there are plenty of voters that look at what he said and how he said it and his attempts at backtracking and maybe are thinking maybe this is not what we want as a nominee if you're

a republican or president perhaps. matt: i don't think it was very surprising at all. conservatives often think that people should be punished for breaking the law, but i thought it was interesting that ted cruz found a way to paint it as a mistake or a misstep for donald trump because ted cruz is also vehemently pro life and ted cruz also believes that people who break the law should be somehow punished for that. how does he play this to win? mark: well, trump's critics in both parties, again, there is bipartisan condemnation of how he handles things yesterday are saying that what he said was wrong. it is very emotional and sensitive topic and i'm always reluctant to talk about it in purely political terms. but in political terms to some extent, this is a difficult question for anyone who is pro life, who says i like roe versus wade overturned, and

then to say that the woman is somehow not culpable, that the woman shouldn't face the penalty, in some way truth's position is the most pro life position possible. there is no doubt from the view of logic that if a woman gets pregnant, chooses to have an abortion and abortion is illegal and the same as murder, i think trump was going towards a position that is logical in some ways, but is not popular, either on the left or on the right. toy and certainly won't be when they come to new york, that's a couple of weeks from now, i'll give you the results of the new york poll, donald trump leads ted cruz here 56% to 20%, a huge gap. ohio governor john kasich has 19% here in new york. that seems like a pretty decent, that would be a pretty decent showing for john kasich. on the democratic side, hillary clinton -- is that right? would that be good for john kasich, 19%? mark: it would be all right.

but the story of that night would be donald trump winning over 50% in new york. kasich has to stop getting strong thirds in a three-person race to say he is doing well enough except that trump can be stopped from getting a majority of the delegates and kasich can come to the convention as one of three people bringing delegates to the table. matt: he was pro choice before, but in the last couple weeks and months, what about, you say dreamers can dream. is there any chance that bernie sanders could win the nomination over hillary clinton? can the math be done so that sanders actually wins? mark: it's a long shot but his advisors wouldn't characterize it any other way. it always has been. he is in a position now having weathered some tougher parts of the country to make another run at her. it all starts in wisconsin. he must win here. based on the clinton folks posture, they think sandoval has a better than even chance

of winning in this state and may be big. then it goes to new york, where if you looked at the same poll where trump has a big lead, clinton's lead is smaller, 10 re 12 points and sanders has a chance to close the gap. sappeders has to do better with nonwhite voters than he has done. there are a lot of liberals in new york, rural voters, a lot of people over two weeks might like bernie sanders' message enough. she is a favorite no matter what happens in new york. lisa: thank you so much. don't miss bloomberg's athletic show "with all due respect" tonight. still ahead on "bloomberg markets," more commodities, coming up, the big march. you shouldn't have to go far

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we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. matt: this is bloomberg markets

pim matt miller. lisa: i am lisa abramowicz. man authorities say attacked suspect will be extradited from belgium to france. the prosecutor's office says he will be returned to face charges, but no timetable has been set for the transfer. he was trapped -- captured in brussels after four months on the run. the u.s. and china signed a landmark -- earlier than expected. it was a plan to reduce greenhouse gases statewide. the chinese president said they hope the commitment will nudge these other countries to join in. other countries have arty agreed in principle. getting a next her boost from the super pac p or the political action committee great america spend a planning to million dollars on commercials

across the country. trump called super pacs corrupt and it -- has said he doesn't want their help. senator ted cruz has sent a major victory in pennsylvania. is eligible to appear on the primary ballot and served as president of the united states. upheld the lower court's dismissal of the lawsuit challenging the -- citizenship. his mother was an american citizen. global news 24 hours a day powered by our.400 journalists in more than 150 news bureaus around the world. i am mark crumpton. matt and lisa? commodity markets are closing in new york. let's look at some of the biggest movers starting out on the farm.

9.3 million acres this year. in metals, copper is dropping 45th day, the longest slump since january, the cut for the outlook for china's credit rating. out of concern for the global demand. back-to-back monthly gains of 2015. it is turning around and now it is down by one penny to 3831 per barrel. this underscores the great debate. earlier today, we heard from dan who thinks we're seeing the bottom of this. dan: we saw prices down last month and that feels like we have seen the lows. betterk we will see prices over the next 18 months or so. lisa: we are joined by the former shell oil president warmer energy ceo john from

phoenix. thank you for joining us. we have seen the bottom for oil? i agree with dan. he is an astute observer. great data. that does not mean we will suddenly see peaks arriving week after week or months after -- month after month. i thought the first six months of 2016 would probably be the most difficult and hardest months of the whole cycle until he come to grips with the overall oversupply problem. for: what are you looking that would change the scenario and create a steadier kind of increase and for the debility in the direction of oil prices? john: i think saudi arabia, russia, and japan somehow have to stop shooting themselves in their own beat. this is a contrived oil price. russia is hurting economically with the low oil price.

saudi arabia is trying to maintain its social programs and it is costing them dearly. iran is somewhere in between, trying to restore themselves to where they were in a difficult market and a lot of people are not helping them much. until those three countries come to grips with how they will rule out the future, to their own benefit, i think we'll will see this continue to overproduction. matt: we do have in the u.s. a tremendous amount of oil companies that are trading as lisa well knows. the high-yield trading industry but the problem for those who want to trade in the business. they want to start seeing the companies that survived? are we still going to see failures out in the oil packed? >> holding on as long as they can, modifying, as some of the agreements they have with the

oil companies, but at some point, if we do not see a steady rise in the oil price, they may have to call in those notes and it could be a difficult time over the next 90 days as we see this thing layout. just play out. the supply chain has been broken by the downturn in the companies in the supply chain, the companies in the oil packs, this is in a very difficult time. many have already disappeared but they are not named companies and they are publicly held so they are not aware of them and are not being publicized. small machine shops have been going out of is this for months now and they are just hearing. the machine tools are of presale. a tough time. janet yellen for a while were saying the low prices were a transitory effect, but this bearishe sounded pretty on the outlook should oil prices

stay low. let's take a listen. janet yellen: in the price -- in the event prices could fall again, they could have its will over affect to the rest of the globally on me. if such downside risk to the outlook materialize, it would likely slow economic activity to some extent. do you agree would hurt the u.s. economy show the oil prices go lower yet again? >> she is spot on. we have deferred hundreds of billions of dollars of capital spending over the next three years in the united states and even more hundred billion dollars or so globally. the cumulative effect of deferring all of that spending, which has been factored into previous economic growth cycles, will be devastating to the global economy. misunderstand how critical the oil and gas

industry is to overall global economic growth and that expenditure of hundreds of billions of dollars is quite meaningful around the world. lisa: you are the director on energy company board. from your perspective, do you think u.s. energy companies can really compete with the opec group there and saudi arabia and iran and other countries that have an easier time getting oil out of the ground perhaps? >> we have been good for the last hundred years or so your the u.s.going toward has three things to its advantage. we are innovative and we have of best grip on technology any company in the world. a combination of those three strengths, and when he witnessed the productivity that has taken place in the downturn, and you see how the industry is responding, and you are not hearing a lot of the major

companies giving up, nobody is giving up, i think it is a matter of waiting it out. areia and saudi arabia working themselves into a deep financial hole based on the oil price. they cannot do this forever. cycle of the misunderstanding among them or the refusal to accept reality among them, comes back to a pragmatic solution, then i think we will see the entire industry rise like a rising tide. until then, the u.s. has to simply hold on and get a grip and do what they can to control their cost, but not give up because giving up would be the wrong thing to do. and: when i see a rollover production, we will see a rollover in shale oil production coming down, and i am looking at total is off about 4.5% from the peak of 9.6 million barrels per day, 9.7 million barrels per day.

haveat from people who given up and do you expect to see more? quite it is from people who have cut back, not necessarily given up. still 500 rigs working in the u.s. down from about 1600. still 500 rigs are still working. many wells are ready to be completed as to when the price returns. is, as i said a half for six months will be difficult. a rollover will continue through the rest of this year and the 4.5% could add another five percentage points or even more as we go through the next three quarters of the year. matt: but you think we will get back likely. >> quickly is a hard word to define. i would say quicker than most people think, yes. matt: thank you so much, john.

coming up in the next 20 minutes, it is getting harder to trade bonds. >> for me, elon musk unveils a tesla model tonight. people are lining up to buy a car they have not seen yet. will this change car buying behavior forever? like ford is up, general motors is up, and chrysler is not doing well. up 1.48%. ♪

bond marketre a liquidity crisis? many on wall street are worried about how hard it is not just on wall street that also out in california and maybe in denver. some regulators and analysts have cast doubt on how big of a problem it really is. lisa: their portfolio wrote that the report and joins us now. kevin, join us now. trying to come find ways to make sure the liquidity is there when we need it. if you look at actual trading in high yields for

isn't a liquid market relative to others, it has increased gradually just on an absolute level over the past few years. what did you mean when you talk about liquidity deteriorating? you are an investor, you have a bond. how quickly can you do that? how quickly can you do that without impacting the marketplace. in the past, the latest was done was the big investment banks would buy those bonds with investors as long as they needed to to help their clients. they are less willing to do that today and that has everybody worried. is there concern here about a systemic risk, is something happening? is what thehat concern is. in this case, they have been preferring for it for some time.

we saw many reports that blamed markets on that. i was not liquidity. it was changes. banks regulators fed thehis, should the worried about this? the regulatory fix, which does not seem likely, talk of holding those vines -- those bonds very high, if they more to holdit them in the interest of compliance, that would get things moving. matt: even that seems like it would be difficult. i used to know a ton of bond traders and now i know it out of

guys because a most everyone i know in the business has just given up. old guys.lking about i'm talking about 50-year-old guys who said i cannot do this anymore. there is no business for me. >> our research we show about jumpn the u.s., a huge from where was a couple of years ago. >> when you talk to investors as part of the study, what asset classroom a most worried about. if you look at some of the numbers in the market, you can see in fact the spread looks a little tighter. liquidity is one of the things that is often in the eye of the beholder. if you are an investor and you have a hard time doing this, then it looks like there is not enough liquidity. >> do you think there is a chart of the high-yield index? do you think these tips and

rises are due to a lack of liquidity? or is this just a lack of conviction in the market due to economic uncertainty? economics this is driving volatility and uncertainty. the volatility in. should which in manyver, cases can improve liquidity. at is that what we are seeing. scare seeing volatility investors off. it makes the whole situation harder to manage. certainly, things have changed, but i do not think there is a crisis. having the market is prepared in doing what it needs to do. matt: thank you. a very interesting subject here. kevin, head of research. we are not seeing huge moves in the indexes. there are some stocks moving inequities, especially retail. julie hyman has more in our spider sector report.

julie: within retail, we are looking at a call from barclays analyst matthew at a couple of retailers. he is upgrading best buy, actually initiating an overweight rating on best buy and he is downgrading, turning underweight from overweight. you see the stocks accordingly. the retail etf is a little bit down today. buy, the valuet pack, he says consumer electronics industry is challenging and the best buy is stabilized and opportunities remain. on the flipside, he says the company's longer-term comparable sales goal of 3% is optimistic and he says he is increasingly cautious on labor costs. that is going on an retail today. if you look of the year to date movement, on an individual basis, interesting gains we have seen on retail. jcpenney up 60% on turnaround.

many of these are -- after lagging for years. the winners this year, the best-performing etf's on the year. up 7%. worked by the performance, up gainedilities, which has as we have seen interest rates go lower. on the downside, the sector etf, biotech has really been a week performer, down 26%. the health care select spider etf, down about 6%, same goes to financials. financials and health care, because they have comprised a bigger portion of the overall market, they have been the groups really weighing things down. gearstesla is shifting and dealing with its first car for the market later today. are they ready to ditch gas for

electric especially with cheaper gas prices? and as we had to break, a look at the stock since its ipo in 2010. as you can see, it has risen. lisa: would you buy a new tesla? matt: i don't know. but a lot of people are going to. the question is, can they make enough? ♪

lisa: elon musk will lift the curtain on the highly anticipated model three. matt: a decade in the making. what doing all know about the model three so far? cory joins us from san francisco.

what do we know? get a looke going to at the model. it is a great curiosity today. tesla has long fueled the growth of the economy by using those toward the production. we know they will be steel cars rather than aluminum. matt: tesla makes aluminum cars. much of executives at the auto show last week have been really tricky. a 700ave the pad five d,

horsepower equivalent car. this is not going to be that. cory: we know it will be smaller than the model s here they are taking deposits for delivery. the first delivery will be the end of 2017. what that meant in the model x was in fact they pushed about a half-dozen cars across the finish line on the last day of the quarter for the month, and the production is actually still more than a quarter like. we will see when we see that. 2008, is a different car than the model s. 93 thousand dollars. they sold a lot of those last year, 51,000 cars. this will be something that souped-up but soup down. tweeton musk morning in a , that we will not see all of the features announced today, there is more to come to be announced later. i heard about the tweet.

elon musk has blocked cory johnson. part to take things to another level being closer to production. in other words, what will the car be, we don't know yet. people are apparently game to do that. but yes. matt: he banned cory on twitter because cory is so skeptical about his business practices, his business model. this will be a completely different things -- a completely different thing. xt me ask you about the model and the model s, these are incredibly high-end luxury vehicles. the massee is ahead of market. it will be a different ball of wax when it comes to production. tesla might be able to meet his deadlines, make as many as he says he's going to.

cory: they are trying to do something new and a set goals for themselves and he missed a lot of deadlines, they had missed in some way or another. we will see what they can do with the car. pricing will be the key. they did not have a car in the $65,000 range that they put in the market. how's it going to take a process , the car, an average cost of 97,000, they lose money on that. what they could sell it $30,000 and be profitable, you cannot make up in volume if you lose it on sale. cory johnson, bloomberg editor at large. i listened to his show every day so i know these things. tune in at 6:00 p.m. that is it for us. ♪

oh, hi! micky dolenz of the monkees here, getting ready to host the flower power cruise. (announcer) we're taking the love generation to the high seas and reliving the '60s. we'll celebrate that unbelievable era with the music that made it so special. there'll be over 40 live performances featuring eric burdon & the animals, micky dolenz, the monkees lead singer and cruise host,

the 5th dimension, the lovin' spoonful, rare earth, spencer davis, three dog night, and many more! imagine enjoying all that great music on the fabulous celebrity summit, leaving fort lauderdale and making ports of call in jamaica and the bahamas. you'll be back in the days of bellbottoms, peace signs, and so much more, with special theme parties and 20 fun-filled celebrity interactive events. cabins are filling up fast, so come on, relive the era you remember so well. the flower power cruise, february 27th, 2017. let your freak flag fly. don't miss the grooviest trip at sea. ♪

>> from bloomberg's world have yours in new york, good afternoon. here is what we're watching at this hour. .ast day of the first quarter a president loses key political support as the economy exterior it's further. put a good situation in europe? the a major and i, challenges confronting the continent. got one hour from the close of the trading day? julie: we are an hour from the close of trading not just today but for the quarter and for the year thus far. let's look at where stocks are today, a mixed picture and the nasdaq is little changed. s&p and the dow is little changed as well. the