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tv   Whatd You Miss  Bloomberg  February 26, 2019 4:00pm-5:00pm EST

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the game. we talk about getting comfortable with gm, and i mean we are following up the probability of earnings growth in a lot of different environments. i think, right now, there are a lot of things that can go right as it relates to trade policy, economic recovery, and we have had a significant earnings recess. when you look to q1, earnings expectations are in decline of almost 3% year-over-year. for 2019, we have earnings growth less than sales growth predicted for 2019, spanning at 4.5%. the focus on what can propel these companies hire, on average, is difficult to tell, but there are a lot of outliers. that is what we are seeking out in the market. they have secular tailwinds that we think would propel them higher. focus on that as we see a completely lackluster and
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trading, we ended in the red tt action. -- let's dive deeper into the market action. abigail: let's take a look at the 2600 level. this is a one-year chart of the s&p 500. we see this range between 28 and 2600.
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at 2600, with a few exceptions, the sellers have shown up. during the summer above that 2800 level, investors were sure to peel more optimistic about the prop outlook, but in the third-quarter reporting period, earning revisions starting to come to the downside, helping chairs go lower, and lots of macro uncertainty. that now, we're suggesting given the symmetry of the recent action where they have held duengly, the s&p 500 may be another whipsaw back to the downside to 2600. romaine: unless we can get that with side over the next couple of days, this will still be the to the endnth start of the year. we have had 28 of these, going back to 1950. when you think about 1987, we only had two years, 1931 and
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1987, and i want to put 87 in context. 13%, and ited about dipped 16% through october. when traders came in to work on that october 19, big black monday, all of those gains were he raced. the big disclaimer in all of this is that the s&p and dow managed to finish higher by about 2%. look about the technical -- look at the technical levels, where 3% below where the year-end target is and 4% below the all-time high we set in september. mike? haveerging-market bonds been strong lately. the jpmorgan indexes trading at a 13 month high. , itetf the tracks the index looks like it wants to extend , and the etfoday
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has seen a lot of investor interest this year and has -- had inflows every week this year, except for one. e.m. bonds were pretty strong, especially in latin america, result, and argentina's sovereign debt specifically. that might be because the federal reserve did not surprise anything -- surprise anybody today. the dollar has come down a little bit today. especially versus some of these other currencies. that is helping emerging-market bonds. scarlet: i will pick it up from there. thank you for great context. still with us is yana and sarah ponczek. sara, you wrote a story about the risks and rewards of following the hurt, specifically crowded hedge fund funds. they looked at which
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stocks are the most loved by hedge funds and how do they perform. the folio that contains the most loved stocks loved stocks. you need to have more nerve. in downturns, you really see outside losses. you can look at the fourth quarter as well as an example of that, because a lot of people were looking at hedge funds and set apart of that was unwinding. joe: talk to us about areas of the market that you liked specifically, yana. yana: there are a lot of different areas, particularly in cloud security. one mentioned by powell is that cybersecurity remained the top risk on a global basis and here in the u.s.
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the size of the market is expected to be an excess of $250 billion by 2023. have focusedanies on data security, identity, firewall, any type of cloud computing should benefit from that area. are intrigued by is technology space, which remains, on average, at a discount to the overall market and even overall sector. if you think about the higher growth areas like oncology, neurology, gene therapy, that's remain the sweet spot and we see a ton of m&a activity that confirms there is a lot of growth and opportunity in that area as well. we have a lot more names in our focus strategy, the people we invest in, and diversification is the name of the game. it seems easy when markets are going up, with the markets date, you 12% year to
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really want to take a diversified approach and diversify your beds, not just in one or two sectors, but across the board. caroline: earlier, we were speaking to jason, a management advisor at ubs, and he is hold andveryone to don't invest anymore right now until we get clarity on the economic data or some data point. beingrd that almost signified by jpmorgan, worried about the amount of trading in the third quarter as well. we are just very quiet. is everyone does holding off? sarah: we are very quiet. today was the second smallest range since october 2. october 2 was the day before everything went haywire in the fourth quarter. day.s very quiet that see, recently, we are seeing lower trading volumes , very small ranges, tech take off like it used to. sector has hadh
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his longest streak since 2017. it's almost as if we are seeing this holding pattern until we get anyone catalyst -- any one catalyst. a storm, or maybe not. if it goes on longer, people will finally feel more confident to get back in the markets, but we are not there yet. joe: at the beginning of the year, one of the big things people said was china. if there's anything that could session --o a recession, it would be bad. the chinese government is making more measures to avoid the recessionary scenario. is that still on the mind of investors? sarah: when you talk about the recession risk or risk of global recess and relates to china, -- recess as it relates to china,
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president she is almost stepping back from their deleveraging campaign. investors say this could help clearly. -- help. clearly, it's not just the banks. it's xi jinping and others saying they want to support growth in china. it's less than worry than last year, but looking at the data around the globe, we see a weakening outside of the u.s. it is clearly something to keep an eye on. scarlet: it's also something investors know well and have priced in too. yana, we were joking about how this kim-trump summit will not provide the catalyst for the markets in any way, but what might come out of it that could unnerve investors and give fragile sentiment another hit? yana: lack of details. the devil is in the details, particularly as it relates to both sides of the equation and
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what they can and will do to make a trade situation better. lack of any certainty around that, and perhaps this continuation of pushing it out will also drive uncertainty. is uncertainty whether it trade, earnings, global, on the geopolitical side, it drives that angst in the market. we talk about these abcs of the market and the anxiety driven by what is on the come. we still have brexit to worry about, the china trade deal, so march will be busy. in the midst of all of that, we will be talking about a 10 year that, for the most part, investors have been on the sidelines, and have continued to as aout perceived safety relates to fixed income and not equity assets. e.m. is a perfect opportunity to highlight the fact that it is a area, andile asset
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the s&p 500, in the past 10 years, has outperformed e.m. and other industries while to -- taking less risk. it's really about seeking out acids doing well over the long-term, in the midst of this uncertainty. scarlet: great stuff. ,ana barton from eaton vance and sarah ponczek. forre keeping an eye out ww, previously known as weight watchers, coming in light. for 2019 eps, if he's anywhere from 125 to 150 a share. the consensus estimate was above three dollars. the shares are halted from after-hours trading so we can't give you a reaction, but it would appear that once it begins trading, given these numbers, it is likely to be a drop. the 2019 eps forecast is missing the lowest estimate. joe: oof. caroline: w t w is the best
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scarlet: wtw is the new ticker. that does it for me and the closing bell. romaine bostick will be stepping in for me on "what'd you miss?" this is bloomberg. ♪
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caroline: live from bloomberg's world headquarters in new york. i'm caroline hyde. joe: i'm romaine bostick -- romaine: i'm romaine bostick. joe: and i'm joe weisenthal. caroline: here's how we finished the day. the s&p 500 could not break through the 2800 point. joe: the question is, "what'd you miss?" caroline: elon musk is facing a new round of regulatory troubles
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from tweets. they want on capitol hill, fed chair powell is doubling down on negative development that allows the fed to remain patient for now. president trump lands in hanoi for his second meeting with kim jong-un. the two leaders remain far apart on issues including the meaning on denuclearization. ww, formally known as weight watchers, reporting earnings and give a fiscal your outlook that came in well below estimates. eps was expected at 125 -- $1.25 to one dollar 50 since per share and analyst estimates were averaging about three dollars and 36 -- $3.36. the shares are halted and the company did not provide a next nation for whites forecast came
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in so low. their conference call starts in an hour. they're confident the new strategy will work, being more about holistic health and not dropping the pounds. romaine: this has been one of the craziest stocks ever since oprah got on board. it has this resurgence in popularity, so it's interesting to see what is happening. joe: i hadn't realized how much it had fallen. that is pretty brutal. caroline: we once people to lose the pounds but not value in its own share price. let's turn to another problematic situation. elon musk's trouble on twitter. lastec says musk's tweet week about vehicle production was misleading and violated a court order. musk has fired back on twitter saying "the sec forgot to read tesla earnings transcripts which clearly states 350,000 500,000 -- 350,000 to 500,000.
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how embarrassing." dana, set the scene. that slightly shocking musk seems to be poking the , evento a certain extent as they are trying to wrap this up. dana: i don't think it's that surprising. lusk went on 60 minutes and said he had no respect for the agency. in his mind, his tweets were echoing what he said on the earnings call. he feels he is in the right. as he often does, he's doubling down, rather than apologizing or asking for forgiveness. caroline: let's bring a breaking news headlines our viewers. the brazil senate approved a new central bank chief. we know brazil had issues with its own currency, but the new central bank chief has been announced. let's take it to the next question. joe: how much of a risk, in your
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view, could elon be in right now? andhey had a settlement they are arguing he violated the terms of the settlement, significantly. the settlement goes -- there are many things they could do. the point is that there was a problem there, they responded to it, thought they had resulted, and obviously, they haven't. the real issue is not the sec, it is his board. what are they thinking? in his position would have been gone by now. public dispute with the sec, you poke the bear not once but twice? i think the board is in a tough spot. is there to protect investors, the board is there to protect investors, and you have a ceo who the sec believes is not. they have to react in some way shape or form at some point. obligation isy
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not to him, it's to the shareholders. romaine: is a march 11 deadline for musk to respond to the judge's request of an explanation. is there anything musk and tesla can say that will it alleviate any concerns the judge might have about potentially violating the agreement? obviously, an apologetic response, but you have not seen that at this point. from the sec's perspective, if they don't go forward, any other ceo against whom they take action can say, i'm vital to my company, i can say what i wish. they have a real problem on too. end, unless they take a hard stand on this, their regime comes into question. it is really problematic on all sides. if he said i'm sorry, it was a
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mistake, it won't happen again, but he didn't. caroline: dana, your take? we were speaking to an analyst earlier who said the key issue that tesla can't have a ceo other than musk. sidelines,ved to the that would make it difficult for corporate governance issues. what is your take on the fear of the board to pull elon musk into shape when it comes to being a ceo? dana: the vast majority of the board are close personal friends of him. they have 11 members on the board, added new people like larry ellison, but the board is close to elon and he is a large shareholder. until recently, he was the chair of the board. his personal brand is intertwined with that of the company, so there's not a clear success plan to what would happen if elon were to step down. if elon left the company, there
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is a fear the shares would plummet. on theill be a slap wrist, and maybe they will do something further, but clearly, elon feels he is in the right. he continues to tweet about it. this idea that someone will rein him in, we have heard that over and over, and it never happens. joe: professor elson, are the rules that apply to elon different because he is elon? wouldelson: any other ceo face the difficulty, the question is, why should anyone be above the law? do the ends justify the means? creative he's a genius, if he's not there, the company would stop. what happens if he would get hit by a bus? the world would go on. this country, in at least, all of us have the same obligations and responsibilities.
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when you start playing that game, it's a slippery slope. two different classes of responses. that's not how the system was designed. i think you have to take that into account. are a lot of fantastic people in the world, but we are all subject and responsible to the same laws. that's what the sec has to say. . there's no other way around it you can say at least the train ran on time. at this point, they have to do something. thank you, professor of finance at the university of delaware. great to get your take. and, of course, dana hull. macy's tries to dig itself out of an ugly holiday season and hope the bow's -- home depot's stocks dive deeper. this is bloomberg. ♪
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romaine: it's a mixed bag for retail. macy's cut cost after an ugly holiday season. is sarahreak it down -- zach -- sarah hall zach now.ch who joins us growth was basically nonexistent, but they said they would cut costs which appeases investors, but i don't know how that improves the company down the road. >> i think the cost-cutting is a little perplexing. this is a company that implemented a $550 million per year cost-cutting program in 2017. most of us who watch macy's closely, we don't think the company's problem is loaded expenses.
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hasr problem is topline, it not made enough progress in connecting with the new generation of shoppers. aret of its initiatives bringing -- wringing more sales out of the shoppers it has as opposed to call getting new ones -- culminating new ones. there was a pretty bad weather this quarter. sarah: there was. that's my least favorite retail excuse, but there was issued there. they also cited hurricane expenses. there were a lot of those. folks were having to fix up their home and they weren't having to do that in fourth-quarter. home depot is still a healthy business. salesecasted for 5% growth in the year ahead. of mostld be the envy immature retailers, and home depot has been putting up those numbers for a long time. caroline: is this a bellwether?
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sarah: i think it is because home depot is a good barometer. on itemse up 4.8% costing over $1000. basic consumers are feeling comfortable shelling out for items at that price point. that's a good barometer of where they are overall. macy's used to be considered a bellwether, but is less so these days now that it is struggling so much like every other department store to be relevant. romaine: when we talk about barometers, everyone is pointing to best buy which reports tomorrow morning. what should we expect out of them? will that be a good read? sarah: i expect we will see a strong christmas out of them. i think we can look for strength and how they did in emerging product categories like smart home. that has been a big focus for them and publicly a big area of spending. joining for enemies is an interesting one to watch. caroline: always good to get your opinion.
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from new york, this is bloomberg. ♪ bloomberg. ♪
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mark: i'm mark crumpton with bloomberg's first word news. the roller coaster of u.s. north korea relations is revving up as president trump needs for a second time with kim jong-un. the president has gone from threatening north korea with fire and theory to saying he and cam are "in love." ize is pledging to denuclear his nation and turning his energy to developing his country's economy, but many experts are skeptical. kevin cirilli is in vietnam for the summit. the former u.s. ambassador to the united nations sold the house foreign affairs committee that he wanted president trump talks.de -- succeed in
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both men are in vietnam for the second summit to address perhaps the world's biggest security challenge, kim's pursuit of the nuclear program. >> i would not trade in and to the war treaty -- unless there is a denuclearization of sizable numbers of dismantling the weapons and wmd and missiles. i would not. mark: he thinks more attention should be given to japan's needs and their relationship at the white house. sarah huckabee sanders said it that anyone would take a convicted liar like: at cohen at hisoh --
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word. a team of american journalists led by jorge ramos said they had their camera commitments and -- camera equipment and phone's after nicolas maduro abruptly and did an interview monday. maduro that short the interview after 17 minutes. >> they stole my work. my job is to ask questions and he stole our jobs. he thinks he can censor international presence the same way he can censor people in venezuela, but he cannot do that. we won't be silenced. mark: mr. romolo's was the taint beneath the presidential palace detainedt -- ramos was
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beneath the presidential palace on that night. global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. powell is telling the senate committee today that the u.s. economy remains strong, but rangers are brewing. >> the outlook for the u.s. economy is a positive one, a favorable one. the predominant risks to the economy is slowing global -- slowing global growth. we have seen a significant slowing in growth over the course of the past year. with our policy rate in the range of neutral with muted reflation pressures and some of the downside risk, this is a good time to be patient and watch and wait to see how the situation evolves. we are in no rush to make a judgment about changes in
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policy. we will allow the situation to evolve, and to balance the risks and allow the data to come in. i think we are in a good place to do that. here with more insights into how markets are digesting the testimony, a nobel lawyer it it.obel lawyer the overall message was that things are good, but there's no evidence of overheating. there are downside risks in the economy and the fed is looking to be patient. overall look at the economy, how close to that assessment would you share? >> the economy has been growing pretty smoothly. , in a way. there are signs that there might be things i miss -- amiss. the housing market is soaring and the stock market is high.
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it has been a long time that we have been in this recovery period. it would not surprise me if there was a recession. romaine: one of the things i thought was interesting coming out of the testimony was how powell seemed to admit what we all know already, the fed really seems to not have a handle on what is going on with the labor market or a better way to explain why we have not seen some of the more traditional pressures on the up when you have such a tight labor markets. how do you account for what is taking place there when you have unemployment so low, but you don't necessarily see inflationary pressures that would come along with that? the relation between inflation and unemployment is a famous one. the most famous relation and economics. i wish it were a more reliable one. if you look at a w phillips' early paper, it does not fit well.
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maybe it is designed to deal with inflation targeting with central banks now trumpet all the time. inflation stays at 2%. caroline: what should we look at economic -- look for for economic data signals are binging -- signals bringing the recession? prof. shiller: that's an interesting question. sessions are not quite cyclical and the cycle gets to seem -- cycle seems to be getting longer. recently, maybe these are gradually getting longer. once we pass this in record territory, it will seem like the market -- recession is overdue. just like it seemed when we had the longest bull market announced last year in the stock
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market. people started to get edgy about this. maybe it is time for another recession. joe: going back to what he said about the phillips curve, with economics and it's really great besides the fact that it doesn't seem to work, what does a central banks do? this seems to be foundational to the idea of balance price -- bouncing price stability -- balancing price stability. we are 4% unemployment, inflation has been mild forever, the central bank continues to overestimate when inflation will come. what does the modern central banker do to try to get ahead of risks for inflation? i would say -- if i were him, i would say i would do the same thing. in a rangeate is between two and a quarter and 2.5%. target, that is
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putting your real interest rate at 3/8 of 1%. it seems low, but it is not creating inflation. it would be hard to argue if we are doing anything other than staying the course of this time. romaine: professor, i want to talk about that. how made it clear that he does not think the idea that deficit does not matter is one which we should all embrace. when you look a government that rated -- related to gdp, it has shot up. it's well above long-term average. is there a point where it does have to become an impediment to growth rather than something we can work around? prof. shiller: if interest rates go up, the debt servicing will look like a bigger problem. there's kind of a moral quality to our debts. you can go into debt for a long
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time, and people don't realize what is happening. they observe all of the benefits of borrowing. it goes back to thomas jefferson. he said we have to some kind of stability in our debt. we have kind of lost sight of that, and i think it's very unfortunate. i agree with powell, it is something that has to be corrected. unfortunately, the fed is not the primary place to do that. it's congress that determines these things. caroline: i want to turn to housing, because the data showing the housing market not where it should be, we are slowing we are seeing being significant. what do you think of the housing market? is this signaling more concern to come? the mortgage rate has come down, but a little bit. i don't know how big an influence that is.
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me that is much bigger than mortgage rate changes is the fact that we have been going to the biggest -- third-biggest housing boom since 1890, when my day to begin. the biggest was from 1997 to 2007. before that, there was one in the 1940's. this is the third -- it is big. what's going on here? how come home prices are at record levels in nominal terms? why did it go up so strongly after the financial crisis? there are multiple reasons, but it does suggest a little bit of disquiet about home prices. now that they are starting to fall, even with seasonal adjustment corrections, they are falling right now in san diego, san francisco, and a seattle. other -- and seattle. other cities are on the board of
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that -- border of that. it seems the market is a little out of pace than itself -- from itself. if it slows more, that will bring back a financial crisis. that is a concern. roberte: thank you, shiller. a quick update on breaking news. weight watchers has reopened after market close and it plunged after it significantly disappointed the market. we are at about $20 per share, a two-year low if we keep getting these debts by the we open. romaine: this is huge. ableems to be they weren't to add subscribers at the start of the year, which is the sweet spot for a lot of these weight management companies. joe: i hadn't taught about that, but the pretty crucial time. romaine: you are a fit guy, so you don't have these worries.
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caroline: these are resolutions that remain and i have. from new york, this is bloomberg. ♪ bloomberg. ♪
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romaine: w the company formally known asw weight watchers,, ww,ging 30% after hours -- formallyny known as weight watchers, plunging 30% after hours. what accounts for the warning the company seems to be getting that they are not able to give as many -- get as many customers in the door? >> it doesn't look great, especially if they tell this to us in february, which is diet season. starty don't have a good to the year, it does not look good for the rest of the year. something about the american consumer is changing.
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people don't like the idea of dieting. the company has rebranded itself and is trying not to be calorie counting as much as wellness and health, but there is a lot of consumer sentiment to change. joe: i thought consumers were getting into other stuff for years now like fasting and paleo, but the stock was surging up until the middle of last summer. were people thinking they were immune to that? rally,here was an opera but we have lost a lot of that in the last couple of minutes. , was bought a big stake very involved in the advertising and marketing, and the stock performed well. in 2014, it quadrupled in value. , but how, it came back do you maintain that. oprahmpany said ohra would be much more involved.
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she hasn't been in front of all the commercials the same way she wears a couple of months ago. caroline: we will see if bringing back the star quality will work. anne, thank you. theresa may gives way. theresa may is said to be getting a plan to delay -- getting together a plan to delay brexit. she spoke in parliament making it clear that extending the deadline is a last resort. koreare, let's bring in from bloomberg news. when i saw the headline, i said that is not new news. have been should considering delaying for a while now. why did the markets react so much to the fact that she may delay? >> everyone in brussels did expect this. it was not a surprise, and the prime minister has said i won't
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go beyond brexit and i will get the deal done. assuredet was very about the fact that not only now, we get the extension but also the second vote on a no deal. theill become very clear u.k. parliament does not want another deal. if they had a choice, they would prefer to stay for longer, to get the deal. we see the way it is headed. it's headed toward maybe a softer brexit. that's the way the market interpreted this. if you don't have a deal in a the riskcal extension, of no deal would be higher. joe: there are all different scenarios. the existing agreement on the eu to vote on, voting on whether a no deal heart exit -- hard brexit is appealing, and they want to vote on how to extend pushing back the departure date. is it possible that all three of
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those votes could go down so -- until parliament rejects all possibilities? >> it is very possible. i said in brussels, that has been the number one complaint for a long time, the fact that they don't want to crash out, they don't like may's deal, but there is no positive majority. to delay brexit, you have to have a government willing to do ay made it clear that she thinks it does not stop a fundamental problem, which is the fact that the u.k. has not decided what relationship it once with the eu. what i think has changed is that to get this to the finish line, and the fact that there is a possibility you may have a long extension, it makes brexit go ok, it is best to go for the deal. romaine: maria, thank you very much. this is bloomberg.
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caroline: a second summit. trump is in hanoi with kim and is expected to have a one-on-one conversation this evening. to take us through what is expect, shery ahn is live from hanoi. ares morning there and expecting dinner later. what news will we get from this? morning, caroline. it's early morning here and you can hear the rooster behind me, but it is a wet and rainy day here in hanoi, perhaps reflected of the challenges of the second summit. already yesterday, as kim jong-un arrived, the american press had to be moved out as kim .ong-un's hotel was set ofre has been a lot
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uncertainty over the final venue of where the summit will take place. we have no confirmation as of yet, but we do have a dinner tonight between president trump and kim jong-un. member, this summit, there was not much time to prepare. it was announced on february 8. only a few weeks this time around. vietnam and korea were split in half by cold war politics and thought american wars, but still, a lot of uncertainty over the schedule of the two leaders here in hanoi. donewhat has north korea since the last summit to show it is operating on a schedule combined with what the u.s. wants and compliant in good faith? shery: the fact remains that there was only a general agreement in singapore. we have seen the repatriation of
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some of the u.s. soldiers died -- that died in the korean war, but when it comes to denuclearization, we have not seen much. researchers analyzing satellite imagery that north korea continues to produce this material. we have seen president trump tout a year-long break of nuclear missile tests is in and of itself a success, that when it comes to achieving verifiable and irreversible denuclearization, we are still far from there. romaine: for more on these stories, don't miss the break asia at 6:00 p.m. eastern and 5:00 a.m. in hanoi. whos bring in p.j. crowley served as assistant secretary of state and a spokesperson for the secretary of state under president obama. a lot of the talk is that we could have declaration without any sort of concrete proposals for denuclearization.
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i'm wondering if those two ideas can coexist. p.j.: if your kim jong-un, you will take that to the bank. he arrives in hanoi without feeling the maximum pressure of the trump administration. thatent ago, you said eight months ago was his vaguely worded agreement. he hasn't had to do anything to move towards denuclearization. meanwhile, he continues to check off things. in singapore, he was able to obtain an agreement from the president that suspended irritantexercises, an to north korea. he could very well get a political statement about ending the war. it is short of a peace treaty, but it is something that's would be meaningful to kim jong-un if that is what the president is offering. joe: president trump has an
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affinity toward kim jong-un. he praised him several times as a leader. how much is a risk from the american perspective, or do you think it would be a risk that president trump did agree to officially end the war without meaningful concessions? p.j.: i think he could make a gesture. maybe a formal end to the war would require a formal peace treaty, agreed by all parties, including south korea and china. that is something down the road, but from the american standpoint, we are offering sweeteners to king joe moon -- kim jong-un, and at the same time, he has not taken irreversible steps toward denuclearization. over time, this dynamic works against the united states, and relieves the pressure that we want to place on kim jong-un to ultimately do something he does not want to do. caroline: do you agree with trump that he has rushed down
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the risks in the region? p.j.: there's no question we are better off than we were 15 months ago, heading towards some sort of confrontation. the president has created time and space to solve this problem, but at the thing token, it's far more complex than the president-elect on. if you think about the iran nuclear deal, that's was hard, even though we are talking about iranian nuclear aspirations. here, we are asking north korea to give up actual weapons. the price will be higher and the dynamic works in favor of north korea. he will string president trump a long. the longer we go before he has to make a hard decision, it works to his favor. caroline: a great perspective. p.j. crowley, thank you. that is all for "what'd you miss?" romaine: bloomberg technology is up next in the u.s.. joe: have a great evening. this is bloomberg.
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comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.
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emily: i'm emily chang in san francisco and this is "bloomberg technology." up, the other tweed heard round the world. why elon musk is in hot water once again with the sec. facebook under fire. new details are emerging about the thousands of content monitors fired. apple wants to

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