jackie di angeles reports from steel city, nebraska. >> 100 miles south of omaha, nebraska, is steel city. locals say the number is closer to 54 now for the population. the city has become the keystone to the next and final phase of the keystone pipeline. patrons of the local and only bar in town the salty dog saloon have split views on how the project will impact the town. >> well, you know, it's funny to sit in the bar and the bartender here is everything. one side of the bar is cheering for the pipeline coming through, you know, get some income to town, and the other side's more worried about the environment. >> just a mile away from the bar surrounded by farmland and dirt roads is where the long contested keystone xl will connect to the existing lower leg, bringing roughly 800 million barrels to refiners on the gulf coast. despite opec's efforts to stabilize the market, the concern is that more oil will flood an already unbalanced market. >> this additional oil from canada is significant, and it will help to depress prices even further and force opec's hand to cut even more barrel

wow, out in steel city, nebraska, that's pretty cool.rning. >> reporter: good morning to you, joe. that's right, you could say where i'm standing is the keystone or the keystone pipeline. this is the pumping station in steele city. that brings it down from canada. the existing lower leg that's going to take it all the way down to the gulf coast so that it can be refined. the irony here, when this was proposed years ago, we actually needed the crude from canada. now, you can make the case that we don't because of the shale revoluti revolution. oil prices have dropped under 50 again. that opec from their perspective not holding because the shale producers have upped their output time to take advantage ever the prices. the question is, if we bring oil in what's going to happen? do we depress prices even further from here? but there's a second question about visions and what this does for the industry. the trump administration would probably argue that the long-term vision is to build up the infrastructure to make sure we have things in plac

to come down from the pipe that's been approved by the trump administration from alberta here to steel citying leg of the keystone pipeline which will take it down to the gulf coast for refining purposes. a lot of people are wondering why we didn't approve this sooner when we needed the oil, why it's coming now under this new administration at a time when shale production is up. we have the resources that we need here, largely in the united states. so what's it going to do to oil prices? that's the big question. a lot of people think it could send them lower. remember, we're at about a year out from when the pipes actually go into the ground. we need to get the state approvals. but people are saying low 30s are possible. back to you. >> low 30s? that's going to send a shiver down a lot of spines, jackie, and not just in nebraska. thank you so much. >>> with the recent firing, wall street is waiting for the new sheriff. the former high-profile u.s. attorney from the perspective of a trader. tune in to power lunch tomorrow. steve leaseman will talk to stanley fischer tomorrow around 1:30 east

we'll break down the prices at the pump and go live to the pipeline pumping station in steel city, nebraska are rising. we'll discuss the calls with two of the analysts coming up. >>> and days after pulling the health care reform bill the trump administration is on the defensive here. kayla tausche has a look at how that may affect other priorities like tax reform. >> reporter: gam. with the failure of the american health care act the administration has pivoted to tax reform. so it's a familiar topic and something it's been toutsing as a couple of weeks away for months. >> we're going to be announcing something i would say over the next two or three weeks that will be phenomenal in terms of tax. >> before we do the tax we is -- which is actually very well finalized. my economic team is developing historic tax reform. >> the white house is expected to put forth a plan and the leader of the freedom caucus over the weekend said he'd support one that increased the deficit which is a positive development. but the more near term is how they continue to fund the government a month away. only 12 of

that ask why i'm proposing that the city erect a 12 foot tall steel statue of paul walker on the pierhow can we get started? when can we break ground? >> the council have a question. >> does paul walker have any tie to our city whatsoever? >> he went to high school here. >> his cousin went to high school here. >> oh. >> his cousin went to high school here for a little while. what do you think? >> i'm a big fan of paul walker, don't get me wrong. but no. >> oh. >> well, they're not done yet. >> 2017 has been a bummer year so far. i'm a laid back dude. and everyone has been just so steamed lately. it's in times like these we need a unifying figure. we've been trying to build this statue. >> so he makes an impassioned plea. >> watching that movie was epically life changing. it gave me the courage to ask out shelby. >> a visual aid of what we think the statue should look like. >> oh, yeah. >> not many people are going to object to that. >> unfortunately the san clemente city council did. it looks like this story may be over. but not yet. because live via skype right this minute we have on

we're a steel factory, make wire baskets for the automotive industry and the pharmaceutical industry. we make everything in baltimore city, maryland. we import nothing. we use steel from illinois, we use steel from indiana. we're thrilled with the policies that you are pursuing. we feel great optimism, and we're thankful for those approaches you're taking. obviously -- we're 45 miles from where you're sitting right now -- we'd love for you to come visit us. president trump: okay, good. well, we're not finished yet, drew. a lot of other things are happening, including -- you haven't seen this in 25 years. that's great. mr. riordan: mr. president, good morning. my name is tom riordan. i'm the ceo of neenah enterprises. we're a casting and forging operation in wisconsin -- 145 years old. first products were plowshares back in the civil war. today most of our product are related to infrastructure in terms of street casting, sewer covers, and so on. the other half of our business is really tied to on/offload vehicles with folks like caterpillar and john deere. we're very much dependent upon your policies moving forward. presi

i am the owner of marlin steel we are a factory in baltimore city we make everything and baltimore city in baltimore city we export to 39 countries we make wire baskets for automotive's and pharmaceutical applications. we are very optimistic about the future of american manufacturing we believe that there is an american manufacturing renaissance. the inflection point is right now. it was a very exciting time things we talked about with the president include taxes right now we have an opportunity to cut taxes so that we can be more effective and higher more people and grow more jobs right now my company is competing on a job for huge factory in europe we are making the wire baskets for the sector in europe. we are competing with the german company has lower taxes than marlin does. we pay 40 something percent. because of that we have a challenge to some other so some of the things we talked about with president trump was that if we could get to 15% we could win this job and higher unemployed baltimore city people and bring them into the middle class. it's a very exciting time for american

you care anything an everything, the food that stocks our chevsh the steel that built our cities, you think i wrote that? i want to save that paragraph. [ laughter ] >> but america depends on you. and you work very hard for america. many of you spend weeks away from your families doing what sometimes can be a very difficult and dangerous job to put it mildly but you take care of yourselves, you look out for your friends and you don't stop until the job is done. that is true. obamacare has inflicted great pain on american truckers. many of you were forced to buy health insurance on the obamacare exchanges. you experienced a crippling rise in premiums and dramatic loss in option and take a look at what's happened with the cost and deductibles through the roof and hopefully you won't have to use it because you won't have that kind of injury, so a lot of trucking businesses are out of busy, which is tough, many union drivers have slated to have their -- taxed and been against it and trucking companies considered large employers have to offer government mandated health insurance. you have

shale producers, alix steel is in the crescent city.g us and inclusive -- an exclusive interview with the president and ceo of continental resources. if you want to know what thinks, this is the place to be. , what is then d.c. number one thing continental wants to see rollback? mr. stark: i think what i can say is president trump is doing a great job of rolling back the regulations and basically improving the environment for companies like continental and others in this industry to take care of business. have a hard time swearing is that shale producers when gangbusters under president obama, so what was so burdensome for you that you feel like you have better clarity on in the next four years that will help you? mr. stark: i view it differently. i say we actually thrived in the obama administration really in spite of the obama administration. were continuing to build on us. to the point where we had to build regulatory departments that had to expand to try to keep up with the overreach that we were experiencing from the regulatory sid

the fuel that runs our cars, the food that stocks ourselves and the steel that builds our cities.ink i wrote that? not bad. [laughter] i want to save that paragraph. but america depends on you. you work very hard for america. many of you spend weeks away from your families doing what can sometimes be a very difficult and dangerous job, to put it mildly. you take care of yourselves. you look at your friends and you don't stop until the job is done. that's true. obamacare has inflicted great pain on american truckers. >> shepard: we bright you the beginning of that tape play back because we wanted you to hear that he had the support on healthcare but the trust is, he doesn't have the support. since then, we've been asked if the white house will vote on the cancellation of the white house. the white house has said no comments. the there will be comment. when it happens, we'll bring it to you. let's get back to chad. he was explaining to us what it is that the right wants. this conservative freedom caucus. they want the structure to go away. they want government less in it. they want

city like gary, west virginia. u.s. steeliterally carved a town out of the mountain side, come here, we've got your house waiting on you, we've got the job waiting on you, and that's why they came. now that's not here. we don't have any housing here. new people that want to come here and work, there's no place for them to live. >> sabrina, what happens to a place when jobs go away the way they've gone away in mcdowell? >> i never saw the jobs. i never saw what could be. i still don't know what all is out there. i'm trying to figure it out. but you're born in a generational poverty where you don't know people who can get houses or can get cars or if you do, it's, like 10% of people. you think you're really rich if you can get a house and car. compared to some people you are. but for all the coal that has came out of our mountains and the whole country and all -- half of the world got e electricity because of my grandparents my great grandparents, my uncles, my cousins, we really got bread crumbs out of all of it. [ cheers and

ore deposits aren't rich enough to feed the40,000 residents of the city of katchkanar at the foot of themountain for years. the steelufacturer and thelocal government disagree. minerals have been mined in thisregion for more than fifty years.no one here can imagine a life without mining.konstantin: when i was still in hope to keep it.otherwise, i'd have to leave the city or turn to crime to getmoney. i don't have any other choice.i have to feed my family. >>the mined ore is immediatelycrushed, separated, concentrated, and sent to thegigantic steel plants in nizhni tagil in the central uralmountains. without freshly mined ore,production ceases, and with it revenues and jobs.that's why the steel industry regards the disappearance of thebuddhist temple as a done deal. anatolij: we think in purelymaterial categories. we don't have anything againstthe people up there! they're simply illegal.that's all. >>in only a few weeks, thatcould mean the end of buddhism here. the monks and nuns aren'tconsidering moving. they believe in the holy paththat leads to their temple. they believe they mustn't leaveit, but must keep calm an

and everything, the food that stocks our shelves, the fuel that runs our cars and the steel that builds our citiesi wrote that? not bad. save that. i want to save that paragraph. but america depends on you. and you work very hard for america. many of you spend weeks away from your families doing what can sometimes be a very difficult and dangerous job, to put it mildly. but you take care of yourselves, yo look after your friends and you don't stop until the job is done. that's true. obamacare has inflicted great pain on american truckers. many of you were forced to buy health insurance on the obamacare exchanges. you experienced a crippling rise in premiums and a dramatic loss in options, and you just take a look at what's happened to the cost and it's incredible. you look at what's going on with the deductibles where they're through the roof. essentially you don't have it because hopefully you'll never have to use it because you won't have that kind of injury or sickness. so, you know the problems. and it's put a lot of the trucking businesses out of business, which is pretty tough. in addition,

it will be american steel that rebuilds our inner cities. be american steel that sends our skyscrapers soaring. >> that ad, which ran in heavy rotation in states like ohio, wis wisconsin, michigan and pennsylvania, states that donald trump wound up winning, was put out last year by the rebuilding america now pac. its top donors were not american workers but billionaire friends of donald trump, like linda mcmahon, who's now heading the federal small business administration. another big donor was the geo group, a private prison company that runs dozens of prisons and immigrant detention centers and whose stock has nearly doubled since election day. but i digress. trump and his backers have promised again and again a return of american manufacturing and especially steel. >> we have cleared the way for the construction of the keystone and dakota access pipelines, there by creating tens of thousands of jobs, and i've issued a new directive that new american pipelines be made with american steel. >> but it's not that simple. in fact remember the ke

city. ♪ shotguns and rockin' steel toed boots ♪ >> i wrote a song called "rednecks." out all right. ♪ tearing it up in one of the best trucks around ♪ ♪ no city boy will ever hold me back yeah ♪ ♪ i'm country to the core you better believe that ♪ >> i'm loving hunting, fishing, four-wheeling, big trucks. country music, and all that in one package. ♪ we are rednecks we want everyone to know ♪ ♪ load up the truck and beer and let's go ♪ ♪ crack a cold one on the way and keep the police at bay ♪ >> yeah. [ bleep ]. [ bleep ]. >> i love that song. it's catchy. it's annoying as [ bleep ] but really, really catchy. probably one of the most catchiest songs i've heard. >> the best part right here. >> ain't got no liquor, beer, nothing. >> sean denbraven is currently awaiting sentencing for raining 20 or more punches down on his father and biting his mother when he lost control of himself after drinking about 15 shots of whiskey. >> the judge i have, he's probably going to send me to rehab. i'm hoping that he releases me from jail and let's me just go to rehab myself, because i

and everything, the food that stocks our shelves, the fuel that runs our cars, and the steel that builds our citiesrote that? >> not bad. >> save that. i want to save that paragraph. but america depends on you and you work very hard for america. many of you spend weeks away from your families doing what can sometimes be a very difficult and dangerous job to put it mildly, but you take care of yourselves, you look after your friends and you don't stop until the job is done. that's true. obamacare has inflicted great pain on american truckers. many of you were forced to buy health insurance on the obamacare exchanges. you experienced a crippling rise in premiums and a dramatic loss in options and you just take a look at what's happened to the costs and it's incredible. you look at what's going on with the deductibles, they're through the roof. hopefully you never have to use it. you know the problems and it's put a lot of the trucking businesses out of business, which is pretty bad. in addition, many union drivers are slated to have their plans taxed to pay obamacare. they've been against it for a lo

the $200 million project involves steel netting about the size of seven football fields. >>> the cityf san francisco is accusing hurt z rental cars accusing them of deceiving customers into paying high fees if they cross the bridge. the bridge has an electronic payment system. hertz uses plate pass to pay the toll. the city unfairly charges a 4 $4.95 convenience fee that keeps accumulating every day. the vehicle is rented even if it doesn't go across the bridge again. it could lead to millions of dollars in penalties. so far, no comment yet from hertz. >>> former president george w. bush in southern california last night speaking at the ronald reagan library. the former president was asked about recent statements he made that some interpreted as criticizing president trump. mr. bush said that was not what he intended. >> so here's what happens. i'm asked a question "do i believe in free press? "and the answer is absolutely. i believe in free press as should every other american believe in free press. the press holds people to account. power is very addictive. and it's corrosive if it

cities like gary, west virginia, u.s. steel literally carved a town out of the mountainside.e here. we've got your house waiting on you. we've got the job waiting on you. and that's why they came. now that's not here. we don't have any housing here. new people that want to come here and work, there's no place for them to live. >> sabrina, what happens to a place when jobs go away, the way they've gone away in mcdowell? what have you seen in your lifetime if you had to tell someone the story of the trajectory of this place that you call home? >> i never saw the jobs. i never saw what could be. i still don't know what all is out there. i'm trying to figure it out. you're born in a generational poverty where you don't know people who can get houses. or can get cars. or if you do, it's like 10% of people. i mean, it's not that many. so you think you're really rich if you can get a house and a car and compared to some people, you are, but for all the coal that has come out of our mountain and the whole country and half of the world got electricity because of my grandparents, my gr

cities like gary, west virginia, u.s. steel literally carved a town out of the mountainside.here. we've got your house waiting on you. we've got the job waiting on you. and that's why they came. now that's not here. we don't have any housing here. new people that want to come here and work, there's no place for them to live. >> sabrina, what happens to a place when jobs go away, the way they've gone away in mcdowell? what have you seen in your lifetime if you had to tell someone the story of the trajectory of this place that you call home? >> i never saw the jobs. i never saw what could be. i still don't know what all is out there. i'm trying to figure it out. you're born in a generational poverty where you don't know people who can get houses. or can get cars. or if you do, it's like 10% of people. i mean, it's not that many. so you think you're really rich if you can get a house and a car and compared to some people, you are, but for all the coal that has come out of our mountain and the whole country and half of the world got electricity because of my grandparents, my grea

steel line serving homes. water has been tainted with lead for over a year as the city cap the flint river but did not treat the water to reduce corrosion. on monday, the nfl gave the greenlight light to the oakland raiders to move down to sin city. they are leaving oakland for the second time, the first game in 1982 when they left for los angeles. it comes after the city of oakland refused to use taxpayer money for a new stadium. the las vegas promise $750 million from taurus tax, but still concerned -- tourist tax. but still concerns. >> the nfl has publicly been against gambling. >> we do not want to see a relocation of a franchise. is notthe move immediate, the raiders had two more seasons on their lease with oakland. all the golf ball-sized hail that hit texas this week, one child put it to good use, turning his backyard into a driving range. check them out. some of the hailstones were as big as baseballs. residents are still trying to clean them up. golf in your backyard. rerouteu don't have to getting the balls you lose, they just melt. there areimages show some breaks in the cloud cover, we make it suns

steel your credit card information. >>> starting today, check out hundreds of boats at the atlantic city both show.ning at the convention center through sunday. video from last year's show. kayaks, to yachts, all the latest boats and new technologies will be on display. >>> we've been monitoring this story for you. crews are about to begin the permanent repair of a crack that closed the delaware river turnpike bridge connecting bucks and burlington counties. jacked up eight tours to move the bridge to original position. now install a permanent splice to reconnect the fractured section. the bridge closed on january 20. expected to stay closed until at least early april. keep you updated on progress. speaking of roads and bridges. get you to work. >> roads, bridges, by ways highways freeways. get to jessica boyington. >>> we're starting on the blue route this morning. germantown pike on-ramp. watching for slippery spots or any problems that we may have had reported. not yet. we're still seeing a pretty quiet commute for the most part. 422 looks great as well. see here with the drive times just a nine

city. i'm jonathan ferro alongside alix steel. over in washington, d.c. is david westin.s away a situation that looks a little something like this. futures up a 10th of 1% on the s&p 500 after a couple days of losses. the story is as follows in the fx market. stronger dollar story, dominated by another upside surprise in the labor market. this time from adp report as you can down to payrolls report on friday. treasuries on offer for a tall straight session with yields up by five basis points on the u.s. 10 year. that is a situation across assets. let's get you up to date with movers withou alix steel. alix: bank of america up by 1% and the 10 year yield up a quarter point. this is the longest winning streak for yields since march 2012. 2580, the high that bank of america said last week. here.racking caterpillars the company carried out tax and accounting fraud. the u.s. is is investigating it swiss subsidiary for years. been filed,et have but potentially the company try to cut its tax bill by $2.4 billion over 13 years/ that is one of the allegation. h&r block over 6%. if

steel from them. the officers are also accused every bill king the city out of $500,000 for fake overtime pay. all of those officers are in fbi custody, they've been suspended without pay. >> i want to show you a high speed chase in louisianna that ends with a truck bolting into the air, flying 50 feet. this is right outside of shreveport. police say the driver lost control, went airborne, was on the run after escaping work release program. the truck landed on top of a park car. the good news is that no one was seriously hurt. that teen back in police custody. >> how about this? free, it is our favorite price. want free coffee? oops that's mt. etna. wow dramatic video right there from a drone happening right now in italy. we will show you more of these amazing pictures. coming out of there. ♪ trading-in or selling your car, truck or suv? webuyanycar.com takes the hassle out of selling in just 3 easy steps. one, get your free online valuation. two, drive to your local car buying center. and three, walk out with your check in as little as 30 minutes ! so don't wait...get your free online valuati

city let me? today we're gonna -hi. be comparing the roll-formed steel bed of the chevy silverado to the aluminum bed of this competitor's truck. awesome. let's see how the aluminum bed of this truck held up. wooooow!! -holy moly. that's a good size puncture. you hear 'aluminum' now you're gonna go 'ew'. let's check out the silverado steel bed. wow. you have a couple of dents. i'd expect more dents. make a strong decision. find your tag and get 15% below msrp on select 2017 silverado 1500 crew cabs in stock. find new roads at your local chevy dealer. >> what if you want to carry one of these for self-protection. >> the majority concluded the right to own a gun months to each law-abiding american. >> what does that mean to me in my town? >> in new york city politicians say -- >> the majority of the people want sensible gun row distributions. >> sensible restrictions. what does that mean? >> photocopies not accepted. >> i tried too get a gun license. they make it very hard. first, you must fill out this 17-page form. the form says i must promise i know the definition of other weapons like switchbla

caller: and the city, we have so the old -- we used to have bethlehem steel environment, they need tog up the dirt, dig up the ground and research to find out -- i love people died of cancer in this area. that's a lot of people died of cancer in this area. these are the things i think they should really look at, especially in the great lakes area. thank you very much. host: kathy is calling you from aurora, illinois. good morning. caller: thank you for taking my call. my daughter and i were going down the main street in our city, just outside of chicago, 50 miles. -- tankerker truck cars on the rails are going right through the downtown of our city of aurora. tanker trucks. on the other track was coal cars going the opposite direction. it is incredible and no one seems to do anything about it. 34se trains follow route plano, all of these tracks go right through downtown areas. it is incredible. no one does anything about it. fortunately, we have not had derailments. in aurora, the tracks are held up on huge pedestals of concrete. you can just see how they are falling apart. they look

city, good morning. good morning, and welcome to bloomberg daybreak. i'm jonathan farrow and alongside david westin. alix steelsession lows down 21 points on the s&p 500. it is the 2017 consensus unwind, at least as long as monday morning is concerned. switch up the board, treasuries and six basis points at 236. the dollar weaker against pretty much everything in the g-10 space. that's across asset situation. let's get some movers. >> good morning to you, jonathan. we have lots of movers this morning, especially to the downside, helping explain why the futures are lower. starting out with the banks, a lot of the big banks trading sharply lower in the premarket, including bank of america. it's worth noting that these losses, if they hold on the trading day, will add to the nearly 5% decline since the fed raised rates about two weeks ago after the fed was a little bit more dovish than expected. but, of course, the whole reflation strayed in question. yields and rates rally. bonds are rallying too. it's going to be interesting to see how that plays out. financials have been the leading sector to the down side on

just a couple more objects, the steel sentry box which was designed to protect the fire watchers who waited so bravely to deal with in centurions falling on our citiesember being in berlin when the wall came down and watching hundreds of these reeves did exhaust smoke coming from the former east germany full of excited germans celebrating what they believe to be a moment of liberation. sojust celebrating what they believe to be a moment of liberation. so just two stories among so many. so many indeed, thank you, robert. time for a look at the weather. darren bettjoins us. thoughts turn to the weekend, and don't blame the messenger! whilst there will be some drier and brighter spells this weekend, there will be some spells of rain around as well, and we have rain in many areas through today. this picture was taken earlier on in warwickshire, where the rain was probably at its heaviest, and you can see from the picture we have a lot of cloud. it is moving its way slowly northwards across england and wales and into northern ireland. another picture in dorset showing the weather has cleared away, and the weather has cleared away, and the cloud looks a l

city. vonnie: while opec is considering cuts, producers are expecting production to rise. let your more from alyx steel>> you are dealing with the shell production in the u.s.. joining us now is the ceo of new field energy. lee, good to see you. you just raised your fourth-quarter production guides according to an oil yield at one of your wells was much better than you anticipated. what happens at $47 a barrel? we are down by 1.5% today. at $47 a barrel, we continue to execute our plan. we expect volatility to continue in the oil market as supply and demand meet equilibrium. as we came out with a plan, there were people who were disappointed. i think the oil market today gives you some idea of what we had in our mind back in february. >> you are cautious in november and in february. what is the price point we have to rethink your plan? way we have toe think about our plan today is that we have top-tier assets. you can see what the results are doing where we raise our guidance for the first quarter. we have to balance our activity for cash flow and operations to ultimately be in balance. , in a $50tated

city's water system. under that deal, flint would be responsible for replacing lead and galvanized steel lines that bring water into homes. the cost could be as high as $97 billion with federal and state governments roughly splitting the bill. the british government is standing by its initial statement that now is not the time for a scottish referendum. the may administration repeated they will be no negotiations on the matter and the focus now is on brexit talks with the european union. scottish lawmakers voted today on a new referendum on independence to be held within the next two years. the scottish parliament voted 69-50 92 back the first 69-59 two back-- the call -- to back to the call. this is bloomberg. ♪ minutes from the close of trading in the u.s.. scarlet: stocks are as financial shares rebound. joe: but the question is "what'd you miss?" scarlet: the sector would have the most to lose as the white house moves on to the topic of border adjustment taxes. the trade of the decade. we will hear from one investment strategist who says now is the time to be in emerging markets. on the eve of articl

cities tour. we will be right back with your calls on "washington journal." "afterwards," sophia nelson on her latest book. she is interviewed by michael steele, former chair of the rnc. >> where it is unity come into play and how does this book provide prescriptions for turning that important corner to recognize how important unity is? >> this book is a refresher civics but i wrote it in a way of my sophia weight of we need a little help, we're messed up. america is a great country but we are confused right now about who we are and what we want. that is what we are wrestling with. this unity peace, we have to break it down because the problem is on the last election is that half the country feels one way and another half of the country feels another. >> tonight at 9:00 eastern on "afterwards." >> "washington journal" continues. host: "for the remainder of the

city, this bloomberg daybreak. i am jonathan ferro alongside david westin and alex neil. -- alix steel. we tread water on futures. points down. not even 8/10 of 1%. treasuries on offer again. he'll tire. >> the two-year yields up by one basis point. you do have the vix off by about half of 1%. a little softer with expectations heating up. downsides up by over 1%. david: the big news in companies is snapped trading on the new york stock exchange later this morning. above theced shares market range, the company is going public at evaluation twice that of facebook. companiese tech debuted. it is a multiple revenue earning. alix: they have no earnings. this is a company that loses $500 million a year on 400 million in revenue. that is a gap between topline and bottom line and they love pricing because it is not profitable yet. still a very young company. any investors getting in our basically betting that they continue growing and that eventually they reach profitability, not like the twitters or groupon's of the world. david: how much is this remarkable price really cold hard calculation and how much is fear of miss

steel net 20 feet below the deck of the bridge. the $200 million project is expected to be finished by january of 2021. >>> the city of san francisco is suing the hertz rental car company over alleged price gouging on bridge tolls. one woman was charged more than $30 even though she crossed the bridge one time. >> reporter: it cost $7.30 without fastrak. but people renting a car from hart, you could be forking over five times that amount without realizing it. >> i was being charged $5 a day, whether or not i went over the bridge. >> reporter: a charge for $31.75 popped up on her credit card statement. >> i was outraged. i mean i was very angry because i felt it was absolutely deception. >> reporter: hertz calls it a daily convenience forward. >> i do think that these service fees are a profit center for them. >> reporter: the city attorney's office said hertz, which operates thrifty, dollar, uses a product called plate pass run by american traffic solutions. plate pass is supposed to be optional for customers to cross bay area bridges for free, but they are forced to use it, and winds up with surprise credit card charges. >> we thi

just a couple more objects, this steel box which was designed to protect the fire watchers who waited so bravely to deal with in centuries falling on citiescognise it, it is i rememberstanding in berlin watching hundreds of german celebrating what they believed was liberation. just two stories among so many. time for a look at the weather. thank you very much, good afternoon we're seeing mejust thank you very much, good afternoon we're seeing me just changes from one day to the next. if you have the wet weather one—day chances are you'll have the prize above the next day. brain around today, cloud as well. —— brain around today. something brighter arriving in the south—east, you will see the best of the late sunshine in northern scotla nd the late sunshine in northern scotland where it was cold overnight. not quite so cold overnight. not quite so cold overnight. continue to get the ring in northern ireland and the england and wales will see showery bursts of rain. pretty mouth the most part. the rain should not last too long but it will linger through the day in scotland. a poor day the eastern scotla nd in scotland. a poor day the easter

of people were marching today in cities throughout the country for women's rights they said and against president trump come after the break, will talk to shelby steeleays modern protest culture is defined by what he calls incoherence and lunacy rather than sensible attainable political goals. that's up next ♪ ♪ ♪ everyone deserves attention, whether you've saved a lot or just a little. at pnc investments, we believe you're more than just a number. so we provide personal financial advice for every retirement investor. >> tucker: there's a lot going on politically, protest in the streets. people getting mad, saying radical things, what's it all about? in "the wall street journal," fascinated piece by shelby steele, he's a fellow at stanford in university's hoover institution. he explain's what exactly is going on, he joins us tonight. thanks a lot for coming on. >> thanks for having me. >> tucker: i hope all our viewers will read it but it's the aims have changed from freedom which is the aim of liberal movements throughout the last century to something very different, moral authority is the new goal of liberalism, can you ask when you meant by that.

city. and this will continue for awhile. temperatures are not that cold outside. but you still will need that coat to kind of steelt the winds. and these temperatures will continue to drop throughout the day. so keep that in mind. if you are out all day, you'll need that coat by the time you're coming home. future cast has temperature by 10:00 at 41 degrees, remember, we're at 50 right now, maybe bouncing up little bit to the mid 40's by 2:00. and then we head even lower than that up toward evening and then in the overnight hours we will be below freezing by this time tomorrow morning oh, boy. you will definitely need the winter coat maybe couple of more layers as well. so as far as precipitation is concerned, few flurries up in the pocono mountains, maybe few sprinkles in allentown along with the cold front. and then the future cast, we jump ahead to tomorrow. 6:00 in the morning we're dry, if we get any precipitation at all, it is going to be probably cold enough for snow in the mountains, about noon, and then all of that moves through pretty quickly maybe few snow showers in the afternoon, or rain showers, depe

steel industries reported negative growth. property inventory and third and fourth tier susie's also decline. -- front tier -- fourth tier citiesso decline. >> thank you. onhave plenty more happening bloomberg television throughout the day. australia's foreign minister julie bishop joins us on bloomberg markets: middle east. plus, later on, the exclusive interview with the nobel prize winning economist at 7:00 p.m. hong kong time, 7:00 a.m. in york. we focus on the fed and the countdown later this week with a special coverage from 1:00 p.m. new york time on wednesday. looking ahead, narendra modi may's beat up his reform drive after a sweeping victory in india's most popular state. we will look at what he might be doing now. next, asking if asia is a ready for the dollar shortage if the fed raise rates. this is bloomberg. ♪ .> this is "daybreak asia" i'm betty liu in new york. >> i am yvonne man in hong kong. ata has been sued by nissan, ford, and bmw, claiming they held information that caused their backs to rupture. the carmakers are citing consumer suits, alleging they knew about the flawed devices. as partas plug guilty of

live from new york city to our viewers worldwide, welcome. i'm jonathan ferro. alongside alix steelraight to the pictures this morning, softer after the biggest one-day drop so far in 2017. 0.68% on the stoxx 600 and treasuries treading water after the last couple of weeks. dollar-yen 111. overnight, the lowest level since november. continuing lower today. the vix moving higher but still up only 15% in the last two days. gold pretty much goes nowhere but that is your check, brent. do we roll over? i have to think volatility will pick up. >> domestic u.k. politics. the scene right now in there in that room. facing questions, facing a quick -- a squeeze from the north, >> in negotiations are set to begin next week today. we will bring you highlights. the republican health care plan trying opposition in the vote. kevin, do they have the vote? no.n: that is what everyone is talking about, whether or not president trump and house speaker paul ryan can just manage 21 votes here in the house. the vote has been delayed again. it will be tomorrow night at midnight and it will be an all night

city. a warm welcome. i am jonathan ferro alongside david westin and alix steel with a focus on brussels.re in the united states ahead of the open a couple of hours away. futures treading water, equities go nowhere. cable rates a little bit weaker at 1.2422 -- >> the by is picking up. you have a yield coming down by three basis points. the vix

city welcome to bloomberg daybreak. i am jonathan ferro alongside alix steel in new york. in dce is david westin.vid: we certainly are. nafta and renegotiation with mexico is a big item on the agenda. the question is how do you negotiate if you don't know the answer to that question? we are talking to wilbur ross about trade. alix: peter navarro said you were going to privatize the economy and growth versus inflation. how does that square when you come back -- when you commit a reflation

steel is here live. don't want to miss that. [ cheers and applause ] morning in new york city. i saw this sign.they're excited. and they're overtired but i got something for you. come on out, guys. the vamps are coming up on "gma" and we'll take these girls up because we love them. we love everybody. thank you, guys. ready to perform? the vamps and matoma mopes away and we'll all go up together so you can see the performance. cool. >>> good morning. if you were stuck inside all weekend, no worries. the spring warmth is going to be out there for you today. 60s at the coast, mid to upper 70s for the rest of us.>>>>>> >>> this weather brought to you by microsoft. let's go. let's go. everybody in. everybody in. robin, we're coming up. >> come on up. bring them all in. we are here now with best-selling author and one of our favorite guests, danielle steel. she's written 160 books. 160 and counting. can't wait to read her latest called "dangerous games" and it is out now and it is great to have you back with us as always, my friend. >> i am so thrilled to be here. robin is my favorite person in the w

steel from them. prosecutors say the seven officers participate in the scheme to pull people over. but those people had not committed any crimes. the officers are also accused of cheating the city00,000 worth of fraudulent over time pay. all are suspended without pay and are in fbi custody. >>> new challenges for president trump's cabinet this morning. new report claims attorney general jeff sessions was in contact with a russian official during the presidential campaign. now, some democratic leaders are calling for his resignation, but sessions is fighting back. he says he never met with russian officials to discuss any issues related to president trump's campaign. the justice department has since come out, saying the two conversations happened last year while sessions was still a senator and serving in the armed services committee. for some, well it, wasn't a surprise, was it? >> but it didn't make the news any easier to handle. joel embiid will not play another game this season. how it impacts the sixers, going forward. >> ♪ >> ♪ >> ♪ hi hey i'll take one of those new fast play games. oh, you ready for a rush? uh, sure! ♪ i'm pretty excited for you right now. ♪ fast play is

city. a warm welcome. i am jonathan ferro alongside david westin and alix steel with a focus on brussels. brexit process begins. futures here in the united states ahead of the open a couple of hours away. futures treading water, equities go nowhere. cable rates a little bit weaker at 1.2422 -- >> the by is picking up. you have a yield coming down by three basis points. , below its 50 day moving average. volatility pretty much goes nowhere and gold is flat on the day, crude getting up by 4/10 of 1%. jon: it has been nine months since the u.k. voted to leave the european union and the continues sever ties today. the weekly event taking place in the house of commons this morning, where questions will begin to the prime minister, theresa may. 30 minutes from now she will make a statement to the house of commons on brexit. we will take that coverage to you live right here on bloomberg. we have covered from london and brussels. anna edwards is in westminster and matt miller is in brussels. walk me through the process for the rest of the day. .> thanks very much jon in just under half an hour's

city, this is bloomberg daybreak. i am jonathan ferro alongside david westin and alix steel.ay, is the stage set like this? futures down 2/10 of 1%. grinding euros for a fourth straight week. it is a stronger euro story. alix: want to see what is happening with the rate hike? look no further than the two-year yield. we have not seen those levels in more than eight years. the dollar a little flatter. we are $86 higher than we were. as we head into janet yellen speech at 1:00. i'm going to tell you something else. we are talking snapped all morning. this is in the last 24 hours. there was a spike after it opened. now we are up by 25%. we will look at that followthrough today. what does that say about momentum? if we can hold that level we are pivotal. david: we have somebody in the longer term to give us an answer. snap took those nosebleed numbers even higher. put upstion is if we can the numbers to justify all the confidence investors are showing. we are joined by david , ceo, andk, economist media founder. what can we do to justify that? >> they have to become the next faceb

city. in warm welcome to "bloomberg daybreak" on this friday, march 24. i'm jonathan ferro alongside alix steel up to 10th of 1%. we are higher by 0.17% on the s&p 500. equities go towards a week of losses. the one await handle opposite blowout data. a march.s have been on alix: markets relatively complex. micron surging into premarket. company projects rising sales held by demand is the less supply control. apple a little higher by 2/10 of 1%. the company still remains a topic. taking a look at finish line getting wamped? jonathan: wacked? [laughter] alix: getting killed in premarket reporting a fourth-quarter loss with earnings. sales trailing estimates and earnings coming in $.15 a share. watch those stocks into the open. all eyes on d.c.. d.c. taking on i have been asking kevin cirilli, what is the vote? kevin: the vote will be this morning. the rules committee devoted moments ago. means this debate, could be heading for a vote. have to be honest, i spoke with moderate members supportive of this bill who are pressuring members of the house freedom caucus to get on board so they can send thi

city, happy friday. good morning and welcome to "bloomberg daybreak." i am jonathan ferro, along with alix steel0,000. david: where are they? they keep coming out of the word where -- out of the woodwork. jon: the markets, as we cap -- as we count you down to the cash open. that is two hours and 30 minutes away. the euro is stronger, up to 1.06 again. the yields up by a basis in

city, happy friday. good morning and welcome to "bloomberg daybreak." i am jonathan ferro, along with alix steel and david westin. twitter, up on 230,000. david: where are they? they keep coming out of the word where -- out of the woodwork. jon: the markets, as we cap -- as we count you down to the cash open. that is two hours and 30 minutes away. the euro is stronger, up to 1.06 again. the yields up by a basis point. alix: if you want to see how the yield differentials are playing out, look no further than the dollar-yen. -- .6%rude a little bit higher after a brutal selloff. copper also rising by $32. david: now for a preview of those jobs numbers. we turn to mike mckee. mike is down in washington. he will get the first look at those numbers. is there any chance we are setting of sorrows -- setting ourselves up for a disappointment? may be settinget itself up for disappointment, but nobody thinks so. mentioned that whispered number of 230,000. 200 thousand jobs is the headline number that people are putting down on paper -- 200,000 jobs is the headline number that people are putting down on pa