♪ welcome to "street signs." i'm joumanna bercetche and these are your headlines european stocks see green after the shanghai composite closes sharply lower amid reports that u.s. and china are quieting negotiations of new trade terms. blackstone ceo steven schwartzman tells cnbc he hopes the trade tariffs will be delayed. >> overreaction leading to overreaction is really, you know, not a good idea.

italian ten-year yields rise against german bonds after a deal for parliament speakers and spreading concern. markets growth, what's the market upset to see whether it's sounding an alarm about credit markets. good morning, everyone happy monday we are back after a two-week hiatus hopefully, you missed watching "street signs. and of course it has been a couple of tumultuous weeks as far as trading has been concerned and overnight sessions, to be honest we saw good performance in nikkei, rather weak performance in shanghai. we'll get into that shortly. but the picture so far in europe is one of opttism.

stoxx 600 trading up at 3% already, one hour into trading let's switch to european markets and you can see that all of them barring ftse are in the green this morning we are, of course -- it is going to be a shortened trading week, with friday off for the easter holiday. but still a couple things you want to watch out for in the uk. you want to be looking at the final gdp trend that comes out later this week. and getting some preliminary cpi data so, that's what you want to watch out for on the macro side. ftse, you can see is underperforming that is on the back of potential factoring of it and again, we'll get into that in more detail in a while. now, let's switch to sectors. over there, you can see it's a pretty good day as far as micro trading is concerned and the sectors that are leading the charge are health care almost up 1%

out.1.9% and oil and gas from whatever rebound up .5% as well let's switch and take a look at fixed income because that is has been on everyone's focus, the past couple of weeks and you can see that the ten-year u.s. yield is hovering around that 2.85 mark it's interesting in a weak that saw equities balance soap, ten-year yields have hovered around that 2.80, 2.90 mark. perhaps this week will be the week we get some direction quick look at ten-year germany, around 10 basis points and spain, the only income market off today and they, of course, get upgraded by s&p on friday from bbb stock to minus a. that is being reflected in spanish yields today and we talked a little bit about asian markets and i want

to draw your attention that we're seeing two totally different pictures as far as trading was concerned. nikkei was up .7%. this is up after actually staging a turnaround in the session. at one point, it was at a six-month low. but into the close we saw a good amount of recovering let's also not forget we're heading into the end of the fiscal year in japan is. so expect to see some paying up of positions by the end of march. and of course, shankly is down .6%. there again, it is the same story again concerns about trade rhetoric and retaliation from both parts china and the u.s now, speaking of china and the u.s., both sides have reportedly started to hold behind-the-scenes talk on trade after president trump slapped china up to $60 billion on imports. now, according to "the wall street journal," the discussions

which cover a range of services including service and manufacturing are improving in china markets. china's lead trade negotiator is reportedly heading to talks with the u.s. and with steven mnuchin and robert lighthyper. the trade war will be harmful for all, that is the message from china's vice premier. speaking of. development in beijing, protectionism would spark more and he went on to call for collaboration as tensions are fueled by president trump's trade. can you give us a sense of the mood on the ground, vis-a-vis, how the trade talks are progressing. and of course, that "wall street journal" article this morning suggesting that perhaps there has been a softening of rhetoric

>> well, good morning, yeah, the trade talks and negotiations are continuing in the background, so, obviously have little access to actually being said we do know that talks will continue, steven mnuchin and liehuh, a very important man taking part in china nal as far as with relations with u.s. and china. very important to president xi jinping. conversely, we've also been talking to a lot of business leaders here as it continues here a lot of u.s. business moving area, tim cook is here, trying to calm things down saying people should keep calm heads here and also somebody asked the doyenne in china the legendary still ceo of the private equity blackstone steven

schwarzman >> well, there's obviously a number of actions that the u.s. has taken recently whether it's steel and aluminum or the 301 issues on intellectual property. or i think, to come, will be certain investment issues. and can -- and these issues really stem from certain types of imbalances between countries. in particular, the situation with the u.s. and china. u. >> but is raising tariffs even higher the way to do this, though >> i think there needs to be a negotiated arrangement between the two countries. and i think it's important to note that most of the types of things that are being discussed from the u.s. side, can be

delayed in terms of their implementation and hopefully will be. because i think there's a need for the two countries to basically normalize. their relationships. and you can't do it on a three-to-one difference. and so, i anticipate rational people will be able to come to a really good solution which would be good for both countries >> some people describe you as president trump's china whisperer. i'm sure you've read some of the stories, right based on your relationship with the president, what you know, possibly the recent conversations you've had with him, can you take us into his mind right now, what is he thinking with regards to u.s./china >> well, if i knew completely, i wouldn't share it on global

television >> i hoped you would >> i realize you do. but that's not what i do i think he's been pretty consistent in terms of just wanting to have sort of what i guess he would call fair trade which is having the same burdens or similar burdens on each country. so that the most competitive company wins not the most competitive system in terms of friction i think that's really pretty much what it is. >> okay. >> i don't think it's more complex. than that. and so, what he's doing is sort of consistent with that. and so, the solutions are pretty predictable. >> and increasingly nervous

china is what we have today. if you could speak directly to them to try and calm some of these fears, what would you tell them >> see, i think it's important not to overreact i'm sure china will, of course, react to some of this, and that's appropriate but overreaction leading to overreaction is really, you know, not a good idea. and i think if i can be so bold, the chinese are sufficiently measured and thoughtful. that i don't anticipate that that will be what results. >> reporter: so, measured and thoughtful, the chinese leaders may be but when push comes to shove, and joe steger over at columbia feels they have a plan and

that's to inflict maximum political damage on president trump. >> this has been, of course, traditional, i won't say trade war, tit for tat, trade policy, you target where it hurts the most when threatens steel tariffs against the eu, the eu came back in a very focused way and said harley davidson, bourbon and jeans. you say why in the world did they pick those three commodities, they're not the most important commodities well harley davidson, bourbon, paul join, bourbon, jeans, nancy pelosi in san francisco. that's the way trade game is played and there -- china has, i am quite sure, a very good economic map with which they will target

certain assets where the pain will be maximized. >> reporter: so it could be stg to what joe stiglitz is saying there with regard to china and in the u.s., obviously, we know very important to president trump. guys >> thank you very much for that. for those discussions, of course, all eyes will be on what happens as far as the slel wecht lal property tariffs are concerned as well. meanwhile, pimco doesn't expect a trade war the investment manager says while it's concerning china is unlikely to respond aggressively but rather to try to de-escalate tensions i'm happy to say global six of pimco does join us on "street signs. thanks very much for joining us this morning taking a step back and looking at the back or the trade

rhetoric effect on markets, the worst week for equity markets in a couple years now do you think all of that sis on the back of the trade talks? >> i don't think it's very hopeful, you look at the uss international leadership, and here's the u.s. threaten on trade, threatening to work outside of the wto, i think you can make an argument it's not just trade there's the unpredictability of the white hairs, a lot of senior people have left, some of the people have, you know, senior jobs in the private sector, the well-known people have left. and you have a more unpredictable volatile, maybe, white house, as reasons for concern, you know, a baseline view on trade. this is more noise, more negotiation tactics, rather than the start of the trade war but who knows. it relies a lot on how the chinese side react how others react

so, at a time when valuations are pretty full in equities, it's not that surprising that these kind of developments can have a big impact on sentiment >> of course, the response from the chinese side so far has been muted, $3 billion worth of imports, targeted, versus $50 billion from the u.s but taking another step back, this is coming at an interesting time for powell as well. he just started his new term he had his first press conference last week and the take away from the market is that it appears to be more hawkish do you agree with those sentiments? >> a little bit. the meeting last week, nothing in terms of 2018, but further out, the extra hikes and also, you have the fed which is now saying we're going to go to a restrictive stance, versus neutral, you know, our pimco view, the new neutral, we expect policy rates to be lower over time and i think the fed view is pretty consistent with that.

they are saying they're going restrictive. best expectations, best guess for a couple years forward, is that they're going to have restrictive policy that again sends a signal. the tax cuts, fiscal stimulus at this point in the cycle makes their job harder, as well as all of this trade tension. >> because of the clickical upswing? >> from a macro point of view, it's not the point of the cycle this late in the cycle when you want to boost a demand, they have looked as if they're on a pretty good path they now have to contend with stronger growth this year than next they still sound, you know, fairly balanced on the inflation aspect so, you don't want to be too alarmed by this. but they are saying, now, they think that they're going to have to be restrictive. i wouldn't see it as a big shift of power from yellen, i just think it's the extra uncertainty in the outlook given the short-term boost in the u.s.

>> some people saying the core forecast 2.1% is perhaps a little too high given that they want to go down this restrictive route. i want to come back to pimco's new normal hypothesis. initially what it meant going forward the neutral rate for these companies is going to be lower. what we saw with the fed last week was that they raised their growth forecast 2.9%, mutual rates to 2.9%. which was .1% uptick from what it was before. essentially, the momentum is there, the expectation is that we'll have to move higher going forward. i wonder how that fits into the pimco hypothesis of the new normal and rates will be have to be lower due to demographics, et cetera >> it's like kicking the tire, a ten-year view that we have here, so you test constantly, we think

the real policy rates before inflation is probably between zero and 1% for the next several years. add 2% for inflation, the fed's at the top of that range, we might have a slightly lower kind of center point. at the moment, we don't see any particular reason to change our views. of course, mutual rates or terminal rates of different central banks may need to get restringive. the reason is, it matters a lot, we think, when we're thinking about forward rates and where you see the level of, say, the u.s. rates over time, we still see yields are fairly anchored. the forwards is looking fairly reasonable we don't see this as the start of a bear market in bonds. a big upside risk would be productivity growth. u.s. higher productivity growth which could lead to a more realistic macro view >> well talk about that and the part of the curve.

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welcome back to the show uk investigates the london office of cambridge analytica, the data company accused of harvesting 50 million facebook profiles meanwhile, facebook's founder mark zuckerberg has apologized for mishandling the data with a series of newspaper ads. he said the social media does not deserve to handle private information if it can't protect it the full-page advertisements were placed in british and u.s. papers including the telegraph, "the new york times" and "wall street journal." reuters say americans lack

trust in protecting personal data only 41% trust facebook to handle the information amazon, microsoft google and yahoo! all ranked higher 60% thought facebook was swarting democracy the chief of the world's largest advertising agency thinkses, fair, that they took time with the information of cambridge analytica gimp how complex the information was. and both advertisers and new media companies like facebook and google have a responsibility to users to make sure they know exactly how data is being used >> the heart of this is about data and data privatcprivacy. and whether the consumer really knows what he and she is letting themselves into. when they opt into those complex agreements that they sign into, you and i, we just say agree and

accept, without really knowing what we're letting ourselves up to the company issue is making sure we have an obligations, our clients to make sure the consumer understands explicitly what's going on. switching to european news, german police have car leader on an arrest warrant. his arrest could be on an extradition process. if arrested, bridgemont would face jail time after a legal referendum in 2017 and a rough start to demonstrations in barcelona on sunday afternoon it there were three arrested dozens of catalan leaders will go on trial with charges of rebellion. it coincided that s&p upgraded

spanish stocks wres in italy, anti-establishment movement has reached a deal with the center right coalition to elect speakers of both houses of parliament the two groups joined forces to elect the speaker of the lower chamber and the president of the senate both factions claimed to deal with the speaker's election and that they will form a government together easier said than done, of course i'm happy to say that pimco's andrew balls is still with us. just to tell you what pimco is up to, they still have with increased volatility and italian risks give cause to maintain a cautious outlook now, i can bring new, andrew, andrew ball, cio at pimco. let's talk a little bit about

european bond yield. particularly, coming off the back of the possible marriage of the team five star and mega. how do you think markets will react to that outcome? >> rather well, and you will have to see over time exactly what they're going to do but in terms of the various different configurations, that would seem to be the least, you know, the least market-friendly. you know, we don't think it's that likely a deal on speakers on the house in one thing. a deal on forming a government is quite different one way or another, we think we'll have some broad coalition. what's pretty clear, i don't think you get paid for having italian risk at these levels, given all of the uncertainties, it's not a hard decision to think it makes sense just to sit it out and wait and watch you know, weren't reason, not to expect them to form a government is just all the compromises that

would be involved there which is hard for five star, compared to electing a speakers which is a relatively easy thing. >> but so far, the market has given them somewhat the benefit of the doubt the market really has not jumped to any conclusions but also it seems where they might be in a situation where they did come in and fall in line by what the europeans were asking of them. the expectation there that once the parties are actually in government they will become more mainstream >> i think that's reasonable italian spreads are down low year to date so, again, it makes it easier now to go down to neutral. there's all sorts of short-term political possibility, and yes, maybe it's like the example what we worry about is the next recession in europe. and the cyclical outlook is good this is not a concern, yitaly's

the obvious risk >> of course, the data has started to slow down from good levels many people feel that perhaps the pims have peaked at this point. they've got a small window if they want to think about it, they probably should get it done sooner than later? >> the ecb is sometimes divorced from actually data they want to taper this year we expect them to tighten next year you know, i think the cyclical outlook is good. by european standards, it's really good. it's come off the highs and maybe we're past the peak of the cycle, but the short-term outlook is still quite good. stronger euro, though, at the same time when inflation is so stubbornly low just reinforces this idea in terms of policy rates, the ecb is unlikely to be in a big hurry next year >> more baby steps it out of the ecb then

andrew, thank you for joining us that is andrew balls, cio of pimco. and trump concerns about trade references are legitimate. hear from michael fuhrman next jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy.

welcome to "street signs." i'm joumanna bercetche and these are your headlines european stocks see green after theshanghai composite closes sharply lower amid reports that u.s. and china are quietly negotiating new trade terms. blackstone's ceo steven swarszman tells c nbc he hopes the implementation of the trade tariffs will be delayed saying rational heads should prevail. >> overreaction leading to overreaction is really, you know, not a good idea. italian ten-year yields rise and widen against german bonds after five star and mega strike

a deal for parliament speakers a keel towards forming a government spreading concern. market jitters grow as traders watch the widening libor to see whether it's in line with the markets. all right. let's check in on markets. of course, friday was quite a heavy day as far as u.s. trading was concerned with both the psp and dow reaching very close to that average moving down 2% on friday but it looks as though the futures markets are starting for a positive open for all of them. dow seen open about 300 points high, s&p open about 40 points higher as well nasdaq, what everyone has been talking about also seen -- opening up about 120 points higher as well this is after all of them have posted their worst week since january 2015 for a couple year, the equity

markets did not fare well in last week's trading. looks it will be better, though. switching to european markets. we can see the only index trading in the red is ftse mib that's down .26% or so. it will take a couple weeks before the government permutations to take place that's something that the market is keeping an eye on other indices, uk europe and fasb trading as well let's switch to foreign exchange, we haven't really talked a lot about the dollar. you can see today a couple of things going on. you see weaker as far as euro and sterling are concerned euro dollar is trading about 3% higher same for cable back up to that 1.42 again and dollar yen has been the

subject of many people's focus given what we've seen with the nikk nikkei with the nikkei up 7% in today's trading. and a weaker yen to the tune of 3.3% let's talk a little bit about asia as well we said the nikkei was up .7% not so much the case for shanghai composite which had a weaker session down. this is on the back of the various trade tariff discussions that have been going on behind the scenes we'll see how this evolves in the next couple of days, particularly since "the wall street journal" suggesting there will be a tempering of language between the two going forward. imf christine lagarde's say be protectionism wrapped in global growth, in a speech until berlin, the head of the imf saying the upside of the global economy warned of headwinds with

policy and president donald trump's concerns about chinese trade deficits are legitimate. that's the message from former u.s. trade representative michael fuhrman. speaking with cnbc in beijing, fuhrman said although may many disagree with trump's tactic, beijing's economic tacticers are undeniably a problem >> it's premature to call it a trade war per se because a lot will depend on how each side reacts to the other. and nobody wants a trade war there is no winning of a trade war. it's only a question of how much each side loses but i think the trump administration has made clear that business as usual going through these dialogues we've had in the past or even relying on the wto mechanisms are not sufficient they haven't produced the kind of results they would like to see from china, in terms of reforming its economy and playing by global rules. and so this is their next step, this is the new approach

but are tariffs the answer, do you think? >> i think the ultimate is getting countries to agree on what policies are and practices, living by national obligations and resolving their issues that way, but, you know, we've tried that for a number of years with china being involved with the joint commission on trade over the years and to be frank there's been a lot more rhetoric than action. i think the trump administration made the decision that they needed to get the attention of china through tariffs as a way of ultimately saying this relationship has to change >> fair enough how much of this is just tactical president trump the art of the deal, kick them in the teeth first. get their attention but after that, let's sit down when we finally come to negotiate a solution everybody seems reasonably insane? >> i think hopefully this is the way this will play out there's a series of policies that u.s. and other countries

have concerns about with regard to china and ultimately, they would like to see china change those policies and practices the administration is also lit up that they would like to see the trade deficit come down by $100 billion that's a metric that they have put a lot of emphasis on whether or not that can be something that can be achieved in the short run remains to be scene since we know trade deficits are the function of a lot of other macro economic factors. >> sure. >> certainly, they want to get to a more balanced relationship. and one that is based on more series of practices that are not seen as taking advantage of united states and other countries. >> do you think it's kind of ironic, there's the tariff track. and then you've got both sides saying, look, we're going to file cases against you and again at the wto for china, it's like, okay, look who needs the wto now. for trump, the president, and what he said about the wto, that's different as well >> i think they have a somewhat

different view with the wto with different administrations. i think they're pursuing the wto with regard to the issues they put on the table, i think, again, are legitimate. but i think what that says, over the long run, we want a stronger dispute settlement process one that's quicker that gets resolution more expeditiously. that has more teeth. we don't want to see it undermined >> pete lovari head of the president's trade council, at least, there are adults in the room and they're sane. are they >> well, look, i think commentators are always looking for stories about who's up and who's down with the administration i think when it comes to trade, in this administration, there's really one person that matters and that's the president because

he has his own views and whether it's the pro-trade, pro-international engagement caucus or the more nativist caucus at the time, ultimately, it's the president who is making these decisions. and he's made it very clear his perspective. he's had it for a long time and i think that's the person we have to watch on this. president trump has hired two more lawyers to his legal team according to trump's personal lawyer joe sekulow conflict between victoria tensing and joe digenova on the team he said many lawyers want to represent and don't believe the fake news fame and fortune will never be turned down by a lawyer and that speaking a short time

ago, british defense secretary gavin williamson said vladimir putin is trying to divide britain from its allies and that the world's patience is weighing thin with putin. the u.s. is reportedly planning to expel russian actors against the poisoning in the uk. i'm happy to say joining me on the show, senior analyst and political risk intelligence analyst at europe eurasia at ake. just taking a step back, despite all of the noise of sanctions and potential dispelling of diplomats, what we're seeing russian markets have actually held up as well. and in fact, if you look at local russians on it, we're going to seal emerging market bonds in the world right now why is that the case why are russian markets and

investors in russian markets not taking it seriously? >> well, i think a lot of the demand for russian bonds have to do with the hunt for yield that's going on, continuing positive trends and global credit markets the real factors, overall, sanctions have not affected the act of investors to buy or invest in russian bonds or russian issued they're dollar dominated but as may or may not having accusations that russia was behind the poisoning sold 4 billion bonds here. >> and recently, they introduced the b. ryozki bonds whereby the russian government would have a ability to pay about the russian currency you can talk me through how these bonds and their concerns >> i just have a few piece out

for the policy institute fair market brief about the bonds and looking specifically at their terms that are intended to both drive russian capital back russ russia, through the purchase of these bondses. that's initially how they came about. they were suggested by the businessman with the name. and they include bonds to elect to receive payment in rubles but finance has said they would bring in legislation that meant that russian holders of these bonds would not have to pay income tax as a gain if ruble. and the pick-up by russian investors were lower, only about 5% on amnesty term, special russian terms to bring back capital. but the bonds also bring back this language that foreign investors that allows the russian central bank to elect to repay in sterling, francs or

euro issued and also allows to the elector to pay in rubles if none of those currencies are available. that obviously is a sign that investors are wary that those may come about >> look, taking a step back, again, one of the criticisms level that some of the sanctions that apply, they just haven't been as strenuous enough and perhaps going forward, there was some talk that they would start to look at sanctions to businesses directly. so, one of the ideas that came up was potentially euro bonds from some uk and on the exchange do you think that's something is that has life? >> no i think it's relatively unlikely at least initially. we saw the suggestion or debate in westminster last week however, issuing funky terms on euro bonds is already a risky

proposition as we've seen in history of such insurances for britain to do so at this time, and brexit as it wants to maintain its status as the home of global capital i think is relatively unlikely. i think we're going to see moves potential further expulsion in the u.s. and other eu countries assigns of support but i think that coming to pass in the uk, at least in the short term, is quite unlikely >> maximilian, thank you for joining the show political risk and intelligence at ake international stormy seas ahead. we'll hear more stunning claims from an adult film star about her alleged relationship with president trump. these birds once affected by oil

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welcome back to the show business leaders at the china development firm in beijing have been adjusting escalating trade tensions after president donald trump slapped china with tariffs up to $60 billion on imports at the china development firm in

beijing was asked how the business could be impacted >> we don't supply a lot of product from australia to the u.s. the primary concern we have was relationship with the u.s. and an exception granted for canada. so, at this point in term, are we concerned about the uncertainty? no, we're working closely with the customers and the u.s. to make sure that the supply chain is as efficient as it can be >> and this idea about quotas accident worry you >> there's an exemption with uk and canada so the work that we're doing, we're focusing on better products to make it more efficient. that's what we're focusing on. >> okay. there have been rumblings that the trump administration may be considering a tariff action on sectors as in manufacturing, right? so, we think eu, we see china obviously as well. and based on the amount of steel and stuff like that that they

consume, if that does come to pass, that must be a worry for a company like rio >> so, first step back and with the remaining business as an industry driven by two drivers one is gdp, and gdp is going very well. and the other one is trade 80% to 90% of our product are shipping from one product to another. and anything that can damage trade relationship is something of a concern to us the truth of the matter is, with contact and with china and the u.s., everybody knows that trade is the best way to create wealth history shows it and we believe that china and the u.s. have great trading relations. i think common sense will prevail. i just hope that these two together, work out the issues and clearly in that context in t the next 65 days and we'll watch

it >> i think everybody agrees, the best case scenario if they can talk this through and through a negotiated settlement. what if they don't, though >> i'm always optimistic by nature, all right. we've seen some ups, we've seen some downs but we believe in trade. we believe in fair trade and let's see what happens in the next 35 to 60 days now, in the meantime what is important for us is continuing to do our our business i cannot control the prices. i cannot control the trade relations. i have to deal with it in the meantime i'm focusing on assets >> and he also spoke to the ceo and asked him his reaction >> in addition to trade, china are long thinkers. and there are places where trade is not affecting cost of production we need to look at that on a

global basis and see is there fair competition and the other thing, beyond economics and they have been carefully analyzesd and what is the political move i think the leaders in china are very good at understanding that and listening very carefully i think better than some other governments. >> so, let's get to that do you think the chinese government, are you confident the chinese government understands that potentially what's happening with the trump administration is very short-term, very political it's about upcoming midterm congressional elections in november, possibly even the presidential cycle a few years after? >> my personal opinion is this is not just the u.s. and midterm elections, it's a global phenomenon when you look at country after country, you have more and more populist governments mare delaying to intellectual outcomes, they're listening to what really moved them rather than making long-term policies and it has become affected

in europe, eastern europe, you see that now in italy. and the reason is there are parts of society left behind whether it's the young people in the south of europe who have very high youth unemployment they have no perspective and then you get the knee-jerk reaction you had the last 40 years, whenever that happens people say it's about globalization. it's about unfair trade. polarization of society where you have more rich people and -- less rich people so, we need to address the underlying issues. we cannot treat it as an intellectual issue you're hallowing out the middle class without having good recipes. now, the right recipe is not to appeal to instinct in the electorate saying we're going to give you money for free and raise trade barriers because we know it doesn't work >> and all of the things that remain, former u.s. defense secretary william cohen said

he's skeptical about the plans between president trump and kim jong-un. another big story, adult film star stormy daniels claims she was threatened to keeping quiet over an alleged sexual encounter with president trump speaking on cbs' "60 minutes" daniels has revealed that the incident which said to have taken place in 2011 left her feeling rattled and scared >> i was in a parking lot going to a fitness class with my infant daughter. the seat is facing backwards in the backseat diaper bag, you know, getting all the stuff out. a guy walked up on me and said to me, leave trump alone forget the story then he leaned around and looked at my daughter an said a beautiful little girl, it would be a shame if something happened to her mom. >> you took it as a direct threat >> absolutely. i remember going into the workout class, my hands were shaking so much, i was afraid i

was going to drop her. >> did you ever see the person again? >> no. >> but if i did, i would know right away >> you would be able to recognize that person? >> 100%. all these years later. if he walked in right now instantly now. >> did you go to the police? >> no. >> why >> because i was scared. >> now, the white house has yet to respond to the comments trump's lawyer said he paid stormy daniels $130,000 of his own money in the runup to the election and did not explain what the payment was for i'm happy to say that nbc's tracie potts joins us live from washington we were just reading that we haven't had an official response out of the white house yet are we expected to get an official response out of them? or is this excuse the pun, the storm in a tea cup >> you know, we don't know obviously, but the president has not been active about this on twitter. he has not as we've often seen

him do with others, with pale tigss, as others have accused him outside of politics, he has not taken them on in this case not with stormy daniels. we did hear overnight from the first lady melania trump calls this salacious gossip and speculation. this morning there was -- actually overnight, a cease and desist lawyer for a lawyer for the president's lawyer michael cohen, saying he never threatened anyone as alleged in that payment he never threatened her. and they're asking for apology for what they say are false statements from this interview >> tracie, thank you very much for that she'll bring us the latest, of course, there's so many things on president trump's plate we'll be watching next week for various other stories as they unfold as well quickly just before we hand off to the u.s., let's take a look at how u.s. futures are looking. and it appears that the session is going to start off on a much

brighter note than last week the dow is opening up about 300 points higher. about 35 points higher for s&p as well. all eyes will be on what happens with the nasdaq and the tech sector as a reminder the tech sector did have its worst week in a couple of years last week. so, nasdaq seen opening up about 100 points higher as well. actually, one thing that's interesting, i was looking at the various stock components of the s&p this morning, only two sectors up, consumer discretionary, and technology. let's see how long that lasts. that's it for the show for today. i'm joumanna bercetche "worldwide exchange" is coming up next.

bouncing back. wall street pointing to a higher open following last week's big selloff. find out what is driving the sudden turn around straight ahead. demanding answers. lawmakers calling on facebook to provide more details on the scandal. the company now apologizing. and speaking out, apple ceo tim cook talks privacy and trade in china we're live in beijing, it's monday, march 26th, and "worldwide exchange" begins right now. ♪ ♪ let get it started in here let's get it starts in here hot let's get it started ♪ indeed, let's get it