richard jeffrey, we are talking brexit next. r carney, the queen, the monarch gets drawn into the brexit debate. also, production figures are coming up next. richard stays with us. ♪ to "the pulseome ." u.k. january industrial production is a little bit worse than expected, 0.3% gain. 0.4% gain.ecting a industrial production is a little bit worse. 0.7%acturing production up instead of the 0.2% gain we were expecting. it is not all doom and gloom. we did have disappointing services manufacturing -- services data. when you factoring is strong. i'm all next up today. let's get to the bloomberg news with nejra cehic. nejra: bernie sanders scored a surprise win over hillary clinton in the michigan democratic primary. clinton took mississippi. donald trump beat back a barrage of attacks led by the last republican presidential nominee and scored major victories over his leading rival in two primaries. the s&p 500 has about 2% upside and 20% downside, making for a lousy risk-reward trade-off according to jeffrey gundlach, who says bettin

let's continue the conversation with richard jeffrey, chief investment officer at cazenove capital.nk you very much for joining us. we have heard both sides of the debate, but the business community seems to be behind the remain campaign when it comes to assets. the big movement has been in sterling which has rebounded since the big selloff. how are you feeling about the uncertainty ahead of the june 23 elections? >> it is uncertainty and you can't pretend the uncertainty does not have an economic impact and it will have an economic impact. i don't think it will be enormous, but there will be -- decide to put investment decisions on hold until they know the outcome of the referendum. it is possible that sterling will come down with pressure. under further down pressure, that could add little bit to import prices, which could put some upwards pressure on core inflation. there are economic nuances that we have to be wary of. mark: have you changed your thinking in light of the upcoming referendum? cap you change the balance of how one should weigh their part olio's or not? >> i don't

jeffrey? >> no. and the -- ironic thing is, all of these '60s protests led to the election in 1968 of richard nixon. who was, you know, flatly opposed to all of this, and quite vividly so. it led to the election of ronald reagan as governor of california in 1966 when all this turmoil was on california campuses. the kind of thing exactly that will help donald trump. if their objective is to harm him politically, all they're doing is helping him. >> jeremy diamond is also with us out of phoenix, he is at that rally to get underway at any moment there in the fountain hills area of phoenix, and so jeremy, how much do the supporters there know about the gathering of anti-trump protestors, you know, on the road leading into that rally, and now what's also trn pyanspi in new york? >> unless you're checking twitter or watching the news you don't have the a sense of that at all. thousands of trump supporters are gathered here. very little protestors within our field of vision here. certainly trump supporters waiting for donald trump anxi s anxiously. standing out, some, in the sun for hours and are certainly

jeffrey lord, how do you use nuclear weapons against terrorists? >> well, what he's really saying, john, is something that's been done before in american history. most definitely with richard it comes from mack velly. keep the enemy guessing as to what you whim do or not do. are you unpredictable. make insure they see you as unpredictable. richard next nixon was a devout believer in this. he wants the soviets to believe he was a mad man capable of anything. out of that came his arms agreements, his trips to china, opening with china because he really felt he had used this wisely. that's in essence what donald trump is saying. >> is that, ana, what donald trump is saying? is it being unpredictable or unserious? >> john, please don't ask me to interpret donald trump. i don't speak that language. i just think both cruz and trump are trying to outdo each, on who can be tougher and crack down hard or muslims. they see muslims as the enemy. they're trying to portray that. it's worked for trump in the past. and cruz is keenly aware he is in a primary fight with donald trump. and it's about giving red meat to the base. and saying the things that make sense in a primary, though may

jeffrey thomas, the conversation i had with him earlier. >>> flydubai has only been operational since 2009. our richardrld journey he's been on this week flying only low-cost airlines. earlier he told us about flydubai. >> reporter: flydubai is a relatively new airline but its pedigree is extremely strong. it is owned and set up by the same people, the dubai government, basically, that also own emirates airlines. so even the ceo, the managerial staff have come from emirates airlines. the flydubai relied, in many ways, on emirates. it's brand-new but it comes with a wealth of experience at the managerial level. >>> history in havana. cuba is getting ready for a very important visit from the u.s. president barack obama this weekend. the trip comes after a breakthrough in relations after havana and washington, including the easing of travel restrictions. we get more from patrick in havana. >> reporter: it's been a long wait, but cuba is getting ready to welcome a u.s. president. after 50 years of isolation from america, cubans are elated relations with the u.s. have improved to the point where an american