as i speak to the tapstone energy ceo, tom ward. him where the industry is going to get capital from if the banks cut reserve lending. tom: prices will have to recover, and that is what will happen over time. in my opinion, it is already set at 2017 and beyond, until we coming into our business, the prices will have to move up. basically, you're saying the capital markets are relatively frozen for natural gas producers. that means you do need stock chart -- prices to move higher, but it will take some time to get there. sometime 2017, sounds like a long way off, but it is not, really. alix: is there a price where you think they will ramp up a drilling? analysts look at that as a proxy because it is close to so many demand offenders. tom: sure, and some companies are more healthy than others. they just don't produce enough gas to offset a balanced budget scenario. alix: what is the perfect to gas price? tom: again, what is the perfect capital structure? if you have ample capital, you coal,ke money outside of three dollars, $3.50. it i

coming up, my exclusive interview with tom ward.says he is regretting breaking away from the company he founded with the late are rhythmically and in. -- aubrey mcclendon. ♪ alix: live from bloomberg wrote headquarters in new york, i'm alix steel. let's get to first word news. mark: thank you. republican presidential candidates are beating a hasty retreat from an earlier promise to support their party's eventual nominee. at a town hall hosted last night by cnn, donald trump said he does not feel beholden to a loyalty pledge because he says he has been mistreated. ted cruz and john kasich also refused to commit to backing the party's nominee. ministers and central bank governors will meet in washington dc next month. among topics on the table, global demand and growth. u.s. treasury secretary jack lew issued a warning on how the overuse of international sanctions can prevent growth, particularly here at home. >> we need to grow the global high. -- the global pie. monetary, fiscal and structural tools. around the world there are count

there are two parties to this claim, tom ward started chesapeake with aubrey mcclendon , explain to ushat the problem was. >> the indictment was focused on aubrey mcclendon, so that will be tricky. we do not yet have an indictment for the company called sandridge. do have a statement from the doj saying that the department of justice is saddened to hear of the death of aubrey mcclendon. we offer our condolences to his family and loved ones. wholet: there is no windows has got tied up in these rigging charges? , so there may be other investigations in the works, but we don't know about it. scarlet: aubrey mcclendon was what aubrey mcclendon -- was 's doingrey mcclendon exceptional in the industry? there was another company that was supposedly colluding to fix the amount of money it would pay to drill on land. alix: i would go to you and try to get your parents land and leases. i would least that land to a competitor for a low price. there were no bidders, there was no racking up the price, and that's how you would keep those costs low. aubrey mcclendon did start a american energy partne

ward: i am not a -- tom: help me here, oh wise one. he logic and wisdom of doing so. i think it was an act of desperation, at least in the significant part, by central banks that were too slow on the draw early in the cycle. tom: what should they do if they do not institute a new orthodoxy? ward: what other central banks should do is follow the fed's footsteps and be really aggressive with qe until they start to get the results they want. tom, you had a great question on friday, when you said, should we worry about the u.s. becoming more like japan? my question is that everyone in the world is becoming more like japan, and that we get stuck with this disinflation pressure we cannot deal with? ward: i do not think the disinflation pressure is going to continue. you are starting to see commodity prices on the rise, and that has been the primary catalyst for the disinflation or a pressure. for example, in the u.s., you can disaggregate the cpi between service prices, which are a little bit over 60% of the cpi, and commodity-based goods pri

tom: howard ward will be with us to get an update on apple. t about the use of cash and technology. ♪ tom: good morning. let's get to the forex report. a weaker chinese currency. not near any resistance. sterling, 1. 4137. it is time for our single best charge. to helpberts is going out. i want to talk to howard about apple. apple nine times. selling, howard ward was buying. apple is done. go to cash. this is a company that has $215 billion in cash. dividend yield, 2%. it has become a low expectations stock in terms of the way it has in price. has done nothing for the last 12 months. we are moving to a better season. you will get an announcement in the share buyback. you will look for the release of the iphone seven. win foruld be a big them. apple is gaining market share. tom: the media does a unit based analysis. opposite.you do the you look at the price dynamic at the revenue line and you bring it down to profitability. howard: virtually all of the profits are going to apple. no one else is even a player. tom: will they maintain gross margin

i sat down with tom ward to remember competing against the late check chesapeake ceo.y exclusive interview this hour. for more on today's activity let's head to the markets desk. julie hyman is looking at the leaders. we keep labeling it a huge risk on rallies. julie: i

what happens with tom ward and sandridge energy now?the case against mcclendon will be dropped because he has passed away. the doj has made clear that the investigation into this matter continues. sandridge was not named in the indictment of the other day. they were the other company that west,don conspired allegedly, so we can expect that the investigation will continue. we will have to see whether there are other indictments that come from this. 240 2000 -- that is the number for the month of february. you have to see if you thousand increase over at least a beat -- you have to say a few thousand increase over at least a beat. of 4.9%.year low if you include provisions for the month of february and january, job creation is on a 220 8000 average monthly pace, matching what we saw in the year 2015. tom: are these good jobs we creating? is the question, i suspect some of them are not great jobs, some of them are minimum wage in a little bit higher. the average income of american higher, buteceiving not at a rapid place. i know that the h

what happens with tom ward?> the case against mcclendon will be dropped because he is passed away -- has passed away. the investigation into this matter continues. sandridge wasn't named in the indictment specifically, but bloomberg reported they were the mcclendonany that conspired with. the investigation will have to continue. we will see whether there are other indictments that come with this. 242,000, that is the number for the month of february. a 47,000 increase over what the median forecast in our survey said. if you include provisions for the month of february and january, job creation is on a 228,000 average monthly pace matching what we saw in the year 2015. >> are these good jobs we are creating? >> that is the question, are they good jobs? i suspect that some of them are not great jobs. some of them are minimum wage and a little bit higher. it is the average income of american workers that is perceived as higher, but not -- that is proceeding higher, but not at a very high pace. tion rate isa up, and

what happens with tom ward and sandridge energy now?avid: the case against mcclendon will be dropped because he has passed away. the doj has made clear that the investigation into this matter continues. sandridge was not named in the indictment the other day specifically, but bloomberg reported they were the other company that mcclendon conspired with, allegedly, so we can expect that the investigation will continue. we will have to see whether there are other indictments that come from this. erik: 242,000 -- that is the number for the month of february. you have to see a 40,000 increase over at least a beat. the unemployment rate is at a steady eight-year low of 4.9%. if you include revisions for the month of february and january, job creation is on a 228,000 average monthly pace, matching what we saw in the year 2015. tom: are these good jobs we are creating? bill: that is the question, i suspect some of them are not great jobs, some of them are minimum wage and a little bit higher. the average income of american workers is proceeding

as well as perhaps ceo tom ward who co-founded with mcclendon >> you know this space very well and havet it. i wonder what you believe could be the longer-term implications specifically on the nat gas and industry. >> you know, i mean, i raised this on "power lunch" with -- with jim cramer and others. i mean, i think this is a really sad moment for the industry. mcclendon certainly had a lot of nurse and he fell out with some of the old friends in the business within the last couple of years, but, you know, i think american drilling still has sort of a family atmosphere in many places, certainly a relatively small town like oklahoma city. i imagine it's a little bit like a midland, you know, sort of not as large or, you know, international as houston, but people really know each other. i got incoming calls after i was on the air from financiers and others involved in oil and gas and just feeling really sad about what this is. in terms of natural gas, you know, everybody is struggling obviously and there's a real question as to when -- i mean, i think profitability has seized really at t

because tom ward was the cofounder of chesapeake, and he also bought the team with mcclendon, but wards not partnership of the ownership group anymore, so there was a lot of dealings, and it went back and forth, but chesapeake is the naming sponsor of oklahoma city's building. we don't know what happens to that and we don't know what happens to his ownership sake. the thunder said they would send out a statement later today. >> but as you said, he owns about 20% of the team? >> clay bennett is the primary owner. mcclendon was the second tier. there were about eight total owners all involved in this partnership. >> just a capstone in some ways to the way the oklahoma city change grew, and flourished before his very success brought those prices crashing back down. thank you a lot, eric. >>> we'll have more when we come right back. this just got interesting. so why pause to take a pill? and why stop to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating ur

in this case they only charged aubrey, they didn't charge the allegedly the other side of it is tom ward who is aubrey's former partner at chesapeake and then was the ceo of sandridge, but he's not been charged. sandridge hasn't been charged. the indictment itself is odd, and aubrey obviously before his car crashed had put out a long statement protesting his innocence. >> the sources that you've been speaking with probably knew of him. look, you look at the circumstances of how he died, there has been intense speculation as to whether or not it was suicide. any of the people you talk to speculating as to whether or not aubrey mcclendon was the kind of person who would or would not commit suicide? >> i haven't heard any -- i heard the same speculation you have. but i don't know if i'll ever know the answer to that. >> all right. bethany, thank you. >> a lot of speculation here that he wasn't wearing a seat belt. >> wasn't wearing a seat belt, the police department said there was no evident effort to avoid the abutment, the bridge abutment to slow down. could have had a medical problem. co

tom sorrells joins us now. high winds have been in the past. >> we can keep way ward boats out of the area. >> what were you thinking getting that close. >> i want to start with the weather story with one storm t. helps tell the story at this late hour shot in the winter gardens in the 2:00 hour. see the big ring around the sun. isn't that nice. people call all the time. my gosh there's a ring around the sun. i know. ice crystals at the upper levels and moisture surging in and forms like a prism making the big circle up there and happens a lot of times at night. see the big moon, people freak-out. it is there any time moisture flows in. or ring around the sun and today we had ring around the sun and that's a sign moisture is on the way and there she blows. cold front and surge from the gulf of mexico and ring around the sun and tonight rain knocking on the door. big thunderstorm warnings all over tallahassee. if you have kids at florida state it rocked for awhile. it was in the east cruising interstate 10. the good news for us at home is that most of the lift and most of the damaging wind and lightning will be conta

tom, she said, it is enough to have lunch with you. i'm told the next day when the phone call arrived and it was nancy saying, do you think ward might like to have lunch with us -- warren might want to have lunch with us? [laughter] and the luncheon companion star power when of many multiples. there is nothing like walking into a los angeles dining room with mrs. reagan on your arm. brokaw and beatty were also quickly in the publications. we treasure those lunches because she always arrived with mr. political observations and the best gossip from both coasts. metaphorically, there was a lunch for me. it was my duty to name them, president and mrs. bush, president and mrs. bush, president carter, and vice president dick cheney, president and mrs. clinton. i finished my remarks, walked about, sat beside meredith and said to me, you did not mention nancy. i said, she is not here. she said, yes, she is, she is hidden behind the column. i had not seen her, so i'm eagerly called ever speech will friend stu spencer who answered by saying, what were you thinking, brokaw? stu, do you think she noticed? [laughter] are you kidding? here is her mobi

ward on the scene for us in brussels. thank you. >>> joining us now republican senator tom cotton of arkansas. he serves on the intelligence and armed services committee, he's a u.s. army veteran, an officer that served both in iraq and afghanistan. senator, thanks very much for coming in. >> thank you, wolf. >> this man who has not yet been identified with the hat and light jacket, have you been told who he is, what they suspect? >> wolf, i don't want to get into the details of the investigation as it's ongoing. one thing that's increasingly clear from the reports we just heard from pamela and clarissa is these were not unknown terrorists. this is not a sleeper cell. these slipped through the grasp of belgian authorities. >> known to whom? >> the belgian authorities it's very clear based on the reporting we've just heard. >> how long have they known about these individuals? >> at least going back to the paris attacks in november. >> and they couldn't find them? they couldn't arrest these individuals? >> well, no, obviously not. >> what does that say to you? >> well, it says that there are som

tom, she said, it is enough to have lunch with you. i'm told the next day when the phone call arrived and it was nancy saying, do you think ward might like to have lunch with us -- warren might want to have lunch with us? [laughter] and the luncheon companion star power when of many multiples. there is nothing like walking into a los angeles dining room with mrs. reagan on your arm. brokaw and beatty were also quickly in the publications. we treasure those lunches because she always arrived with mr. political observations and the best gossip from both coasts. metaphorically, there was a lunch for me. it was my duty to name them, president and mrs. bush, president and mrs. bush, president carter, and vice president dick cheney, president and mrs. clinton. i finished my remarks, walked about, sat beside meredith and said to me, you did not mention nancy. i said, she is not here. she said, yes, she is, she is hidden behind the column. i had not seen her, so i'm eagerly called ever speech will friend stu spencer who answered by saying, what were you thinking, brokaw? stu, do you think she noticed? [laughter] are you kidding? here is her mobi

tom fits gerld for a live special sunday morning 8:30. >> and it's official former mayor vincent gray getting back to politics. he announced he's running for democratic nomination for old ward 7 seat. he's running once again because he has spent his life committed to public service and will fight for the people of d.c. >>> we cannot and we should not tolerate injustice. and frankly, we see too much injustice in america today. >> gray was previously elected to the ward 7 seat back in 2004 before running successfully for council chairman and . >> coming up new changes coming today on how you ride metro and it all has to do with your fare card. what you need to know before you board the train and new this morning career versus kid kids. how women are delaying their child bearing years by freezing eggs. story all new this morning coming up and of course, caityln back with a look at weather. stay with us. "fox 5 news morning" on this sunday will be right back. time 7:106789 10. test test test test dan cuellar test test test ♪ is that coffee? yea, it's nespresso. ♪ you're ready. ♪ get ready to experience a cup above. is that coffee? nespresso. what else? heads up me

tom, she said, it is enough to have lunch with you. i'm told the next day when the phone call arrived and it was nancy saying, do you think ward might like might want to have lunch with us? [laughter] and the luncheon companion star power when of many multiples. there is nothing like walking into a los angeles dining room with mrs. reagan on your arm. brokaw and beatty were also quickly in the publications. we treasure those lunches because she always arrived with mr. political observations and the best gossip from both coasts.