higher market. caroline: liking great fear. 3:4 or5 so it has pretty much been a straight line up. getting a lift with the s&p up three quarters of 1%. caroline: back above that technical level. up 20 points. we sawtek again the outperform or. joe: pretty striking. nice end to the day. kind of like yesterday there were times where it felt it might fall apart. hanging in pretty resilient. as mentioned in the face of some weak dat. scarlet: energy up 1.5%. only decliners, health care equipment and services. let's check out what our reporters were looking at at the close. was looking at one of

the worst performing stocks today, carnival after disappointing earnings this morning. it was not so much about the recent numbers. earnings and revenue actually came in above expectations but they cut their forecast for the year ahead. you can see carnival down 8.7%, the worst drop since 2012. now the company says they expect earnings the top line around 455 a share compared to estimates of 476. it was not just carnival. assaw other cruise lines well including your region and royal caribbean, all among the worst performers today. >> i want to look at health care stocks. we saw a steep drop today. this is after the handsy -- nancy pelosi unveiled legislation it would be a sweeping overhaul of our health care laws. now the question here is what kind of uncertainty does this bring to the market. keep in mind this law -- this

proposal is being introduced just a day after the trump administration basically made a new legal challenge to the existing obamacare law. the proposal nancy pelosi has would strengthen that law and that is setting up a big showdown for the 2020 election where health care will be one of the main things folks will be bickering and fighting over and caught in the middle are the stocks you see on the screen. molina down almost 10% today. the health care index down about 7% over the past week as this becomes an issue. it will not go away and investors will have to find a way. abigail: let's look at the financials. the second-best sector for the s&p 500. best day since the middle of february. financials down for percent. worst month of the year. this is not new. this comes as yields are following but over the last year , this is relative to the s&p

financial sector is strongly underperforming the s&p 500. this was true in the fourth quarter. appears to be maybe rebound but now in march, look at that lower. underperforming more than the brutal december. this is about 13% of the weighting of the s&p 500. could be a concern for the broader markets especially if there is a sentiment contagion that spread from the weakness in banks today on the day higher. caroline: we thank you and the entire team. interested in your perspective on the banks. time to buy after the cell? >> i think so. it certainly does not feel like it is a good time. a straight line down. storm around the financials with the inverted curve hitting that sector more than anything. i like a couple things about

financials. not only it has been down a lot, but if the yield curve is signaling slower growth and not recession, if we come to decide as a consensus no recession, those stocks get a real bid because they look awful cheap if we just have slower growth. in addition to that, if we do start decline later this year and yield curve steepen's out, whether that comes from a higher 10-year or a fed cut, that also brings you back to financials. the real issue is if we do not think we are going to have a recession that soon, financials are a good buy. joe: oil breaking above 60. looks like commitment to cut is here. what are the knockdown effects? i am still confused whether oil up is good or bad. sort it out for us. vincent: it is good for emerging markets. not good for countries like japan who import a great deal of

oil. generally speaking it is good for the u.s. as well. generally, higher oil signals a healthy economy around the world. it has been trading reasonably well. it is trading on production cuts. not much on economic fundamentals. day todaytom of the we get api inventories. tomorrow we get u.s. inventories. either one could screw this up. scarlet: you were saying oil was the leading asset class. what does the relationship look like now? vincent: the correlation is not as tight. it has broken down a little. as correlations go, these things could come back. i think why is because gains in oil are more -- are more on a production cut side. we should see that correlation sink up again and it would be a good indicator of where the markets are.

joe: do you have thoughts on oil and energy overall? i wouldould just add, agree with those comments. the one other caveat i think is a potential positive catalyst is if the dollar breaks south again. i have to think the dxy would do that. the growth rate abroad if it starts to recover before we do, we could slow before the rest of the world picks up. the growth gap between us and the rest of the world diminishes, that could bring a sell for the dollar and that would be huge for energy. there is a close inverse relationship there. that could shoot crude prices to over $70 and make energy leading against like it was earlier in the year. caroline: what is the catalyst for global growth to be soft in the u.s.? is it a trade deal? jim: a couple things. not even so much that they recover more. it is that they stop worsening.

in other words, we grew throughout last year and the rest of the world peeked out about a year ago and slowed long before the u.s. load. we are just starting to slow and they are slowed. if we slow more the gap closes, enough to bring saul to the dollar. if there is a trade to the -- if brexit resolution is pushed back or announced, that could help. all that played a strength in dollar strength last year. it could bring a sell to the dollar. scarlet: weaker dollar is critical to this risk on sentiment being maintained. when you say that you are bullish, how much higher are we talking about? do you have a forecast? jim: oh, sure. [laughter] scientific, but i think we are selling at an , little less than 18.5

trailing earnings. we have taken yields lower. if we revive growth to an extent where we do not think it will recess i think mobile growth could go up to 20 times something in that ballpark. if we do 160, even with flat earnings, you still could see yourself getting up to 3000 or better on the s&p. i kind of look at that level as a possibility yet this year. if we decide we will not recess, if we decide a bear market has not started, just think of how many portfolios got out in late december, never got fully back in, and at some point they will have to decide they are under weighted a need to go back in a little. there could be a lot of buying in the latter part of the year. scarlet: thank you so much. that does it for the closing bell and for me.

next is would you mess with a team will watch for earnings. and speaking exclusively with the ceo of adobe. this is bloomberg. ♪

caroline: here is how u.s. stocks performed today. we climbed higher. joe: "what'd you miss?" caroline: a judge recommends an import ban on some apple iphones

and samsung issues a rare profit warning. adobe teams up with microsoft to win more customers. brexit confusion continues. u.k. parliament will try to break the deadlock tomorrow. romaine: we have some earnings breaking right now. reporting earnings after hours for the first quarter coming in at $.31 a share. revenue missed coming in at about 800 and $11 million. you can see the shares are a little changed. u.s.speaking of housing, housing taking a hit in february. suggesting buyers and builders are wary despite the good news

in wages and mortgage rates. of next guest sees the odds an impending recession still low. great to have you back. last week it is like suddenly the recession talk surged. probably relating to the fed pivot and the curve in version. how worried should we be? guest: i don't know. joe: ok, thank you. [laughter] guest: nothing is for certain. obviously there is a little tailwagging the dog. we get a barrage of street research saying my recession probability indicator went up to 40%, whatever, all sorts of things. you probably have had 10 analysts on the channel today talking about what all this means. i do not think -- i think there is probably more to it.

you look at things like the fed's excess bond premium. you look at the corporate bond spread. stocks are going up. commodity markets have not been sinking. to me, just focusing on the yield curve, clearly it is very important, but there are other areas that are not signaling the same thing. romaine: when you look at what happened on the yield curve other signs that even if we are not heading towards a recession, are you seeing signs of economic weakness? neil: at a minimum. to me, i view the yield curve as more of a symptom than the cause of something. investors fact that are bringing up longer-term interest rates suggests they are getting more negative on the outlook. that is something that is concerning. i guess the way i am thinking about macro right now is basically there has been a number of different things, whether the government shutdown

or escalating trade tensions or brexit, that could be weighing on activity at the moment, at least in the data which is published for february and so forth. that, asu buy into those issues fade, hopefully they do this year, does that mean things bounce or not. and i guess if not, then i think ie odds of a fed cut are -- think the bond market will be right. if these things get resolved and that gets you some growth of turn, then i think the bond markets, the curve is a little too flat. we are in the 11th year of a bull run. inherently it has to end at some point. is now the moment? his next year the moment? at what point do we see a soft landing a recession that ends th is? neil: i would say that outside the yield curve, the traditional

checklist that people have for a recession is not there. household balance sheets are not especially stretched. if you look at cyclical components of growth, durable goods assumption, business investment. typically you see a lot of overheating in the sections and that translates to the financial markets. you are more exposed to recession risks. it is not clear if we had recession what actually gets caught. most sectors in the economy are still quite lean. joe: that is what i was going to ask you about. in theorytioned, there could be reasons why the market signals are distorted. when you just look at the data, we do get worrying signs here and there. consumer confidence not that great. overall does the data still look fine to you? neil: what you are seeing is an economy that is slowing but not necessarily recessionary. the housing market i think is one area where we need to be

keeping a close eye as we get into the spring selling season. rates have come down a lot. if you look at something like weekly mortgage purchase operations that has generally been rising and that should good -- should be good news for new home sales going forward. joe: i want to ask you about the fed quickly. it is striking that pivot we saw from powell acknowledging there is not much inflation. there was not much inflation all of last year or the year before or literally for a couple decades. has something changed at the fed that suddenly they are like, maybe it is here to stay for a while? taking think they are out insurance against downside risks to the economy. that is number one. ishink the inflation issue more fuel to that fire. really, talking about crosscurrents, what they are saying is there is more downside risk of the economy than there had been before. as a result, we are taking

future hikes off the table. romaine: we have seen some new appointments to the board and of course we have the nomination of steve moore. what kind of addition do you think is he going to be to the discussion and the debate going on? neil: i do not think he will bring much value. full stop? neil: yeah. i think he has a more plausible path to being confirmed than peter dimon did under the obama administration. i have had this conversation with joe many times. there are two ways of thinking about it. we saw a lot of dust up over kudlow. that is different, this is the fed. so, i think there are a couple things. first is if you are going to criticize someone for their pedigree, he is not smart enough, does not have a phd, that is a weak argument for not being at the fed. by that standard i think a lot

of businesspeople would not qualify. but they have fairly sound macroeconomic analysis they can do. but when you put in someone that is basically a partisan person, that says something else. you do not someone who is dovish when a republican is president and hawkish when a democrat is president. you want someone who is able to change with the data and not the politics. joe: thanks, neil. leifne: coming up, sons of -- life for theresa may's beleaguered brexit plan. this is bloomberg. ♪

caroline: theresa may seeing

signs of support potentially for her beleaguered brexit deal as parliament begins work on a rival plan. joining us now with the latest, get us up to speed. we have an unprecedented takeover of the agenda by parliament but at the same time it looks as though we could finally have some third take of her deal getting through. >> maybe. night,er we spoke last parliament as expected voted to take over the agenda. starting tomorrow and wednesday and again monday and who knows after that. on wednesday what they will do is they will vote on a series of possible options. what brexit would you like? different people have different ideas. some people want to use it to promote their vision. some people are explicit in that they want to show that may's

deal is the least worst option. every other deal has less support. that is happening in one corner of the field. meanwhile on another bit of the stage, the hard brexiteers are realizing that the agenda is slipping away from them. and you are starting to see them backing down. we saw jacob start to back down last night. this morning he said explicitly it may be that it is may's deal or no brexit, which sounds like a man getting ready to vote for her deal. joe: this morning one thing that struck me is in defending the possibility of theresa may's deal anti-permanent backstop, he says the only thing binding that treaty would be international law and international law is not enforceable and does not matter anyway. could that be the way they view it? ok, you take the bad deal now and at some point maybe years

down the road you can just aggregate that and get the hard brexit you really want. rob: that is absolutely how they do it. that is what some people have been saying for some time. enough, just grab it and we will fix it later. problem withight doing a deal with somebody while publicly announcing your planning to welsh on it six months from now. one of the persistent problems that britain is facing is the discovery that people who are not in britain can still read our newspapers and understand what we are saying. it might not generate trust. and certainly on the eu side, they do not view this as something that can be aggregated down the road. just reminding us that

potentially the eu can read british press. thank you. romaine: coming back to the u.s., trump administration officials are persuading the president to keep sanctions on shipping companies accused of violating north korea trade. --ning us now with more is this, itrst heard seemed like the controversy seems to be that trump made the decision unilaterally without necessarily letting his own aides know about this policy change. is that correct? guest: that is right. up to the highest ranks of the administration come officials were confused when on friday the president tweeted he was reversing a sanctions decision that he sent was taken on friday. but there was no action taken on friday in relation to north korea. by.s went analysts and reporters are trying to make heads or tails of what the tweet meant.

whether thursday's sanctions on two chinese shipping companies still remained or if there is something else going on. the word begot after hours of silence from the white house and treasury department's was the thursday sanctions remained in place in the president and his tweet was referring to additional sanctions that were on the table and he decided not to take, but he never actually corrected the tweet. today we reported that the hours later statement to clarify was actually inaccurate. joe: it sounds like the president tweets, they are not very well thought out. saleha: compared to traditional administrations, the policymaking process in this administration all comes down to the president himself. working onals are issues, whether china, iran, other foreign policy issues,

they have to wait for the president to sign off on everything. what we heard today is the set -- is these thursday sanctions on chinese shipping companies, trump did not sign off on that section specifically. he had given the treasury department some discretion to decide what to do. on friday we do not know what triggered his tweet, we just know he was unhappy with it. it was a few hours of different officials from nsc trying to figure out where to head from that point. romaine: thank you very much. adobe takes on salesforce. we have an exclusive ceo -- interview with the adobe ceo. this is bloomberg. ♪

mark: i'm mark crumpton with bloomberg's first word news. an effort by house democrats to override president trump's first veto failed today. his declaration of a national emergency at the southwest order will remain in effect. the emergency declaration allows use ansident to -- additional funds for the border wall. the vote was 38 votes short of what was needed to pass. house lawmakers criticize defense department plans to use military funds to pay for the wall, telling pentagon leaders themaneuver will affect

ability to shift money around when needed. both republicans and democrats on the house armed services committee said there's little support for tapping military -- for military support projects. they wereanahan said executing a legal order from the president and commander in chief. while out of order the department of defense a ,order -- funding a border wall i don't want to get into a debate about the wisdom of that order wall. we can do that at another time. whatever one feels about the border wall, to look at the pentagon as a big eubank//fun -- fundpiggy bank/slush undermines the credibility of the entire dod budget. budgethe departments cheap was also at today's hearing. house republican leaders slam

democrats over the -- the budget chief was also at the hearing. louisiana republican steve scalise is the house minority whip. >> the people who made those onlyess claims, who not made those claims against the president, but continue, they cannot give it up. they continue to want to harass the president and his family. enough is enough. >> the american people are disgusted with this abuse of power. mark: john ratliff of texas said prosecutorsal working 18 hours a day for the last two years could not any crimes to charge donald trump with, a house chairman and a few house staffers should not be wasting our time looking for them." prime minister benjamin netanyahu is back in israel after cutting short his trip to washington yesterday. he straight -- he headed straight into military

consultations after a night of heavy fire. militants fired rockets into israel. he is promising a tough response and says he will take all necessary steps to ensure israel's security. meanwhile, a senior hamas official said today the militant group has accepted a cease-fire plan with israel. global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. crumpton. this is bloomberg. caroline: adobe is broadening its strategy to win more corporate customers. the company today announcing a new software system. adobe has been adding to its e-commerce tools over the past decade. it's competing with the likes of salesforce and oracle. we have an exclusive interview with shantanu narayen.

he joins us at the annual summit in las vegas. wonderful to have you with us again. give us your take, why are you going yet further and further on the face of the likes of salesforce? fortanu: thank you so much having me, caroline. it's always great to be back on your show. you think about adobe, we are growth on two initiatives. empowering people to create, which is the heritage of the company. digital disruption is front and center. we were the first company to invent the digital marketing category so we can bring art and science together. we believe the next generation of enterprise requires what we call the customer experience management category to evolve. a vision for how enterprises need to deal with consumers, i think it is up to you to innovate in that space. you guys first

moved into the space a few years ago and started the subscription model, you guys were kind of out there on your own. it was sort of a business model that eventually you were vindicated on. now there is so much more competition in the space. everyone is essentially replicating what you guys were doing. i'm wondering, how do you stay ahead of those companies? oracle, ibm, not just salesforce. they are all doing exactly what you are doing. you are: i think referring to the creative business first. when we move that to the subscription model, that business just continues to attract new customers. we have a massive opportunity ahead of us come up when you think about what's happening with new media types and new consumption devices. as it relates to the enterprise software category, the process almost 200 trillion transactions. we are the clear leader in that category. when you think about every enterprise wanting to have a

digital experience, were coming to where adobe is at its strongest, enabling people to create and manage and measure that content, and ultimately deliver that content. areumers like you and me increasingly engaging with travel, retail, hospitality, using a mobile device or a screen. that is what adobe does. we produce the world's content. joe: your stock has done phenomenally well writing this way. data and marketing and e-commerce just exploding categories -- you done phenomenally well this way. regulations are called for in terms of the use of data and what would adobe be willing to support? that is a really great question. at our summit we talked about our privacy principles and

whether it's trust and transparency are user control, in terms of what people are collecting on their behalf, it has to be absolutely front and center. we believe that the commitment and trust that every enterprise makes with its consumers needs to be spelled out on the web. that is certainly best practice. all of our products are what we called privacy by design enabled. as it relates to the biggest commitment that exists, i still continue to think it exists between an enterprise and the consumer. the consumer will ultimately decide whether or not they are ok with whatever enterprises are doing with their data. caroline: the got some breaking news regarding what the consumer can access in terms of technology. apple reported escaping and import plan in its second qualcomm case in the trade agency. remember earlier when understood that one qualcomm patent had been infringed by apple and there was talk that a judge would look to ban and on certain

types of apple phones. on the second qualcomm case with the trade agency, but returning to your discussion about what's happening in terms of privacy, and terms of the focus on the consumer, how much are you trying to navigate the regulatory environment in general? do you think regulation is coming your way in the united states? we've seen it impacted in europe, siding with content makers, the publishers, the music creators, rather than the facebook's and the googles. happen inu think will the united states in terms of regulation, and are your prepared for it? shantanu: we absolutely are. last may, what happened was that every enterprise came to adobe to ask for our advice on how they could navigate the gdpr requirements and ensure that the adobe solutions they are using actually meet all is privacy regulations. one important distinction that

is important is that, unlike a lot of other companies, all the data we are collecting is actually on behalf of the enterprise. we don't sell data that is not part of our business model. it's really all about the first party data that a company like bloomberg, for example, has in terms of what consumers, how they want to interact with you. since we are restricted to that, we feel we are not impacted by some of the other regulations. all of these are actually catalysts for people coming to adobe and saying can you help us navigate through this requirement? romaine: you are in a pretty healthy spot with your company. any plans for acquisition, large or small? just did to fairly sizable acquisitions for us. fairly sizable acquisitions. with theed one company hope of making every experience personal and shop will.

adding e-commerce was an important criteria. the other big investment move ade is in a company that does b2b marketing. we like to say that the b and b2con between b2 companies, it allows us to do the largest acquisition in terms of dollars that adobe has done in its history. it enables us to have this comprehensive platform for our marketers. we are very excited with the portfolio that we have. now it's really about organic innovation with the company at this stage. joe: final question here, do you see any signs of weakness in the overall economy? spending, i.t. spending on software in the cloud has been one of the absolute right spots of the last several years, with so much

concern about a recession coming in the next couple of years. any visibility into that from your vantage point? our business continues to perform quite well on the creative and the document side. everyone is moving from inefficient paper-based processes to automated processes using pdf. catalyst fory a enabling that. the amount of content that is being created is exploding. ofare in the sweet spot that. every business is thinking about how to engage digitally with customers. so we haven't seen any sign of weakness, but we continue to think we are in the sweet spot of the technology trends that are driving global industry today. caroline: great to get your ,erspective, shantanu narayen ceo of adobe, coming from their event in las vegas. we're just hearing apple escaping and import and at the

second qualcomm case. earlier today we heard there may onin import bans served apple because they are already despite thenst -- patent case of qualcomm. but they escaped the possible import ban after u.s. trade agency ejected a patent infringement claim filed by qualcomm in the second of two cases. were seeing slight movement in the shares, currently unchanged. joe: in the senate lacks the post to advance -- lacks the boats to advance the green new deal -- lacks the votes to advance the green new deal. mitch mcconnell was expecting to embarrass them. we will see what the final votes say the suffice to green new deal is not going to pass the senate. romaine: breaking news on boeing and southwest airlines.

southwest saying a 737 plane that it was line had to be returned back to the airport in orlando because of engine problems. we should point out that southwest says the issues here had nothing to do with the fleet grounding with regard to some of the software issues that have been dabbling boeing for a while -- that have been bedeviling boeing for a while. there were no passengers on board. this is bloomberg. ♪

caroline: time for a look at what stories are trending across the bloomberg universe. pay $15agreed to million to a pair of whistleblowers who provided high-quality information. one of the informants will get

$37 million, the third biggest payout in the history of the whistleblower program. of thein purpose contract at nissan, the company four of his for all children when they attended stanford university. the benefit, which is not common among the sectors, was worth $600,000 at least. tictoc on twitter is reporting that baby boomers are now the fastest growing segment of marijuana users. thew studies have verified health benefits of canada's, but one report had other findings. follow it on bloomberg.com and tictoc on twitter. romaine: we are learning that apple won't be facing an import ban on some of its iphones after u.s. trade judge ruled the tech giant infringed upon a qualcomm

band and some important iphones should be blocked as a result. yorkeporter is here in new and selina wang is in san francisco. i've covered a lot of these i.t. cases and they tend to drag on forever. is it going to come down to an issue where and not going to be able to walk into a store and buy an iphone? >> even if they find there's a violation of that in, they can say it's not in the interest of public policy or consumers worldwide to enforce the ban and force apple and qualcomm into the room to potentially find an amicable decision. , from a legal perspective, a ban is unlikely. joe: so what is a plausible thing that could happen after they go into the room?

>> both cases are posturing ahead of a potential royalty settlement between qualcomm and apple. apple says i used to buy your chip and i don't anymore. as a result, i don't need to pay you anything on the technology associated with the phone. most of the phone stuff is mine, you only provided the chip. qualcomm's posturing is look, i wait -- i make more than the technology associated with the chip. all of a sudden you don't want to pay me anymore. everybody else's amy. that's get in a room, we will find a royalty -- everybody else is paying me. caroline: what is apple doing here? is it trying to take a stand for the entire industry that there tired of paying these high royalties? >> at the end of the day, if you look at what apple has done over the past five or seven years with respect to the intellectual property of the iphone, as more

and more has become made by apple and has carried technology very specific to apple, but it doesn't mean that the technology associated with the phone was not invented or used somewhere else before. there is technology there that they need to pay somebody else for. the question is, do you need to to a device model, or do you base it off the price of the iphone? i think therein lies the rub. associatedologies with management, i need to monetize that outside the value of the chip. romaine: let's bring in selina wang, joining us from san francisco. insighta little more into maybe how this might affect perceptions about apple's product? selina: certainly despite has

been going on for a long time. the big news today is what happened to samsung. there was a profit warning and that has been coming on for a long time because of it -- excessive inventories. the positive side is that the dictation is it has hit a bottom and the price will only continue to improve. and a lot of that price corruption has been because of amazon and google -- not producing these chips for their data servers as fast as before. go further into that. semiconductor stocks have done phenomenally well since the stock market rebounded at the end of last year, close to all-time highs for many of them. what do people see to say despite a profit warning, good times are going to continue? no secret's really that this has been coming on for a long time. on the one hand, samsung is dealing with the global

slowdown, and on the other hand, it's pointing to weakness in its memory chip business as well as its display business. in the memory chip business, we've known that inventories have been stockpiling for quite some time, but investors are hoping and trusting these companies when they say that the bottom is here and that prices are only going to improve in the future. samsung has tentacles all over the global technology industry. the hope is they can leverage all the different parts of their business and come through this on the other end. that being said, they are being hit on all sides and being hurt by the global smartphone slow smart phones, own as well as not being able to sell as much of their display to other smartphone -- smartphone players like apple. be thee: that seems to global scene and the question continues if this is a sign of more weakness to come or if it is a bottoming of the cycle. andna wang in san francisco

our senior analyst. from new york, this is bloomberg. ♪

the chinese president calling for more trust and greater cooperation between europe and china after meeting with european leaders in paris today. xi's push comes over mounting concerns over china's influence. let's bring in shery ahn. closer tiesding with your, there are concerns about china's influence into europe and also about its investment and potentially cybersecurity issues. was at a press conference with president macron and chancellor merkel, he goes ahead and says we cannot let the jewel suspicion get the better of us, we must not always be guarded against each other, and

worried they may do something behind our back. important that is something we need to avoid. if you go by appearances alone, you would think the europeans are welcoming china into europe. you saw those lavish welcomes whether in paris with military ceremonies or in rome last week with horseback guards. but suspicions remain. are playing italy and the southern europeans off the northern europeans. shery: it's so interesting because china is seeing the dynamics within europe, and using that as leverage to push their economic goals. you saw the chinese global times editorial talking about industrial heartland of europe, that being in the north, and how countries like italy could actually get more of a voice in the region if the actually

received chinese investment. we had one guest telling us the chinese approaches so strategic because it is really trying to change the way that trade works in europe. the chinese emphasizing that they could really boost those ports in southern europe, in italy, instead of those focused more towards the north, in hamburg, and that sounds very appealing for italians. great perspective, we thank you. for more on these stories, don't miss daybreak australia and daybreak asia. president mario draghi speaks that the ecb commerce. joe: an economic data numbers coming out at 8:30 eastern. romaine: the ntsb and the faa testifying before the senate on u.s. government oversight of airline safety.

caroline: that's all for "what'd you miss?" have a great evening. this is bloomberg.

emily: i'm emily chang in san francisco and this is "bloomberg technology" with apple's big services announcement in the rearview mirror, it's ongoing legal dispute with qualcomm is that front and center. how apple just escaped an immediate import ban on its iconic iphone. bus, securing the vote. one congressman sounding the call to protect the 2020 elections from foreign interference. di