burns mackenzie -- burns mckinney of allianz and our own gina martin adams.paris associates. live from new york for all of our viewers worldwide, this is bloomberg." ♪ jonathan: from new york city for our viewers worldwide, you are watching bloomberg tv. i am jonathan ferro. 18 minutes away from the open. futures pretty much slams. -9 points on the dow. europe, --sessor in a stock secession in europe. the biggest losers on the stoxx 600, down 10% on the year. crude does catch a bit, up .5%. as we enter a bear market, we bounced back to $42.75. as well.hat plan out euro and sterling pretty much unchanged on the day, but the commodity currencies outperforming in line with the bounceback of crude prices as well, alix. and: american airlines qatar airways is interested in buying a 10% stake in the country valued at more than $800 million. american said it did not solicit the proposed investment and will not change the composition border management. joining us from atlanta is bloomberg's aerospace reporter michael sasso. why? michael: they have not really said yet

joining me now is gina martin adams, chief equity strategist. it sounds like it is a major change to lock the emerging market index but what are they really? >> it means a little less than 1% of the index goes on to china. china is already the biggest part of the emerging markets index. a little more than 1% gain starting next year. in chinese shares, i think it needs more information for the long-term investment prospects in china. it gives investors a bigger foray into the mainland domestic mostt where it is formally of china or all of china were securities on the hong kong exchange or traded in the u.s. now it is a little bit more exposure to the chinese economy directly. it is 1% on the msci and it doesn't even happen until next may. vonnie: more to get to come is a let's get through them. why only .7%? what was china hoping for? gina: i don't know what they were hoping for. these are small companies. being added to the emerging markets but they are really small, domestic companies so if it happens to be a tiny boost, somebody is already on

liz ann sonders and gina martin adams. ty strategy coverage, on the xbox go. -- on b.i. stocks go. i dropped the mike. jonathan: i wasn't even trying to argue with you, not once. thursday on the ecb, full coverage right here. something that has not changed in this market, 10 minutes into the session, apple is debate outperform on the s&p 500. as of about one half of 1%. it is the big performer relative to what is happening elsewhere. in global equities, we are up one quarter of 1% on the s&p 500, a softer tone across the mc market in europe as well. treasury yields down for basis points. in point 14 is below earlier the session. a remarkable calm with an election on thursday. the u.k. cable goes nowhere at 1.29 flat. euro-dollar, 1.1274 ahead of that ecb decision. it is super thursday coming up. we are counting you down on bloomberg tv. good afternoon from london, good morning to new york. you are watching bloomberg tv. ♪ >> this is bloomberg daybreak. i am emma chandra in the hewlett-packard enterprise greenroom. coming up

scarlet: gina martin adams, chief strategist for bloomberg intelligence.ming up, new home prices are at a record asked to steady demand and surge inventory. it's a trend that could squeeze first-time buyers. how this might develop. this is bloomberg. ♪ todaypresident trump signed a bill that will make it easier for the department of veterans affairs to fire push tos, part of a overhaul an agency struggling to serve millions of military vets. at the white house the president said the law is only the beginning. pres. trump: in just a short time we've already achieved transformative change of the v.a. believe me, we are just getting started. was promptedsure by a 2014 scandal at a phoenix v.a. medical center where some veterans died as they waited months for care. arrivesprime minister in washington sunday for a two-day trip that includes his first official meeting with president trump. the prime minister will look to secure on a $2 billion deal for unarmed drones. analysts expect both leaders to build a rapport but find it unlikely they will make significant

jonathan: an gina martin adams of bloomberg intelligence.ion, this is what it is shaping up like. up i want quarter of 1% on the dow, positive one third on the s&p 500. the tech rally that has dominated the last two sessions, stabilizing on the nasdaq. for our viewers worldwide, it is a hot one in new york. you are watching bloomberg tv. ♪ >> this is bloomberg daybreak. i am emma chandra in the hewlett packer enterprise greenroom. coming up, live coverage of jeff sessions testimony on capitol hill at 2:00 p.m. eastern. david: this is bloomberg. i am david westin. housing contributes as much as 18% of the united states gdp and in the first quarter of this year it was a major contributor to the softness in the numbers as housing starts well below what has been expected. a sector of -- secretary of housing and urban development ben carson is the man in charge of running the agency last year, with a staff of more than 8000 people. secretary carson joins us now. welcome to the program. >> talk to us about homeownership, which is really in your pu