commissioner ahn? >> thank you. if the staff for [indiscernible] if the staff from good alternatives could stand at the podium. >> welcome. (laughter) i'm pleased to present this award to the nonprofit that i'm familiar with. it seems fitting to honor an organization there since the beginning at the epicenter for green alternative. you are established during the 2001 california energy crisis and their mission was to make renewable energy technology and job training accessible to all communities, disadvantaged communities but i prefer under served and under employed local residents which is a cause near and dear to me. great alternatives was established with the focus on bayview hunter's point. there's always been a special relationship with the department of environment through the environmental justice grant program that continues until this day. just last year great alternatives partnered with the mayor's office and department to address the fact that some homeowners need upgrades to wiring and roofs. that's a par

i am shery ahn.ghly anticipated marvel movie black panther is expected to bring in a quarter of a billion dollars worldwide opening weekend, saturday long-held hollywood believe that movies with an almost entirely black cast cannot become global blockbusters. the message talk about this -- domestic box office sales down year to date but will the release of black panther jolt the box office out of it slump? the president and ceo of the national association of theater owners. how is this movie different than other blockbusters? >> this is historic for two reasons, almost entirely black cast and a big blockbuster being released in the middle of february, typically thought of as a dead month. vonnie: seriously? this will be an amazing weekend. you do not have any idea about the lines. there is a showing every half hour, multiple screens. what are the theater owners saying? are they relying on black panther to make the year? >> it will get us positive on the box office year to date, it could be up to $300

i'd like to thank commissioner ahn and hoyos for this measure. debbie, the commission, putting this in front of you all

fore: i am julie hyman and shery ahn. welcome to bloomberg markets. ♪ vonnie: from new york, here are the top stories. u.s. stocks are now lower after the s&p went into correction territory yesterday and this morning, after opening higher this morning. when will stocks find stability? the fiscal hawks gone as congress ends the government shutdown with a wide-ranging deal expected to but budget deficits and the $1 trillion per year zone. amazon wants to deliver more packages. it is planning a delivery service to compete with fedex and ups. we will bring you the latest. ♪ been back and forth and

i'm shery ahn.s is "bloomberg best." your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. markets were closed in the united states on monday, but there was plenty of drama elsewhere, as a euro group put forth a nominee for the vice presidency of the european central bank. nejra: the euro group has nominated luis de guindos for the ecb's vice presidential role. it is a move that will hand madrid a top seed at the bank for the first time since 2012. >> it is a controversial decision because it is very unusual to see politicians making these transitions from government into the central bank, especially because that is the whole point of a central bank, it has to be independent from political interference. >> de guindos has tried to portray himself as a hawk, so to speak. he has spoken in favor of austerity. he has been a strong supporter of the policies that have been taken in the euro era in the in past few years and spain has bee

i want to thank you and the department, as always, for standing by us, and thank you commissioner ahn for your long-time leadership" -- on this issue and thankful we can bring this issue before our commission. >> commissioner: hopefully. at this point with the permission their president, i'd like to recognize commissioner mapras and see another commissioner in the room and in that order perhaps we can start. >> good evening. commissioners, thank you for inviting me. i am here as a resident of san francisco not as my official capacity as a commissioner. i'm not usually apologizing for people but it's disappointing the invitation by the retirement board would not make themselves full lay available to you to answer questions to make the moved informed decision you could. selectively releasing material, not informing the public, keep tight wrap on material the wrong way to do business. in my own capacity, i'm here to support what you're doing, to encourage what you're doing and i am an advocate for divesting and advocate predominantly because we're note good when it came to investing in t

i'm shery ahn.ast two weeks have given the fomc a lot to chew on with a surprising inflation spike, january rising bond yields and turbulence in the stock market. this week, our bloomberg international and economics policy correspondent michael mckee sat down for and exclusive interview with the minneapolis ,ed president, neel kashkari who says he does not think that one month of data should change the policy path. to overreact to one job report that showed the wage increases of 2.9% or the latest numbers. we don't want to dismiss the data but i also don't want to overreact to one month's blip in the data. we have to look over what is happening and see if inflation is actually -- our target. i hope it is. for almost 10 years that that has been undershooting orientation target. we have tools to keep inflation from going to hide. and if it goes too low. i have always been saying, allow inflation to come to us. jumpy wall street these days, so if you saw inflation breakout are you concerned you would s

shery: i'm shery ahn.he crosshairs, facebook finds itself at the center of robert mueller's investigation. an army of russian trolls used facebook and other social media platforms to sow discord in the 2016 election. we welcome our reporter in san francisco who covers facebook. sarah, great to have you with us. we are hearing from facebook's vice president fred sales that the goal of this russian theuence was not to sway 2016 presidential election. what exactly is he saying and why is he saying it at this moment in time? >> those are rob goldman's comments on friday. they just sparked this firestorm of people who were trying to see whether he was trying to represent facebook's opinion. because facebook in the indictment actually comes across looking ok. i mean, they are involved in all these russian negativities but its very clear that they have mueller'srating with investigation. then rob goldman is coming out saying things that seem to findings, mueller's and also making it seem like facebook knows every

shery: i am shery ahn. let's get back to the breaking news, the memo is up with the house gop releasing the disputed memo on the handling of the donald trump probe. president trump gave his approval and said the house would decide. congress would decide. let's get to what we know and our congressional reporter. we have been waiting for this. we heard it would be friday. the president talked about it. where do we stand? >> the whole talk of the memo has taken on a life of its own, particularly in conservative media and pro donald trump suggesting,ave been based on leaks from its author, exposesnes, that it some level of bias among investigators. in the pressure probe, against president trump. one thing coming out in the memo as it has just been released, an indication that the steel dossier written by a british intelligence operative, the first real document we had to suggest that russia was trying to meddle in the united states election, and potentially help president trump win. -- memo suggests that bit th

shery: i am shery ahn. welcome to bloomberg markets. ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories. stocks move higher after the best day in 15 months for the s&p 500. a conversation with bain capital comanaging partner jonathan lavine. cable take his recent that he will take his recent market news and given to us. shery: -- vonnie: a new segment, charting futures. ♪ we will start with the markets because julie hyman is with us halfway into the trading session and halfway through the week exactly. julie: at the highest of the session, we had been hovering there after big swings that are characteristic of the trading day in recent days. dow fell a half a percent at the open and has recovered now, and then some. the kleins cutting into recent losses -- declines cutting into recent losses. the industrials, some defense contractors are gaining, lockheed martin, raytheon, huntington, all rising. bloomberg intelligence predicting we could see an increase in military spending on

shery: i am shery ahn. welcome to bloomberg markets. ♪ shery: from bloomberg world headquarters in new york, here are the top stories on the bloomberg. fomc will release the january minutes from janet yellen's last meeting as fed chair, will then upgrade the plant to four hikes? j.p. morgan chase with a new address in the big apple, what the move means for employees in the tri-state area. we will dive into thing stocks through the eyes of the --fang stocks in the eyes -- vonnie: taylor riggs with us halfway into the trading day and what is happening with stocks? , alor: mostly green broad-based rally, returning to green after a losing day yesterday. nasdaq 100, large-cap tech stocks are outperforming and small caps outperforming. a broad-based rally. sector, we are charting the s&p tech relative to the utilities index, that is an white. -- in white. outperformed and relative to the blue come s&p 500 -- outperformed and relative to the blue, s&p 500. the general market, i am watching advanced auto parts, up

christine ahn?> as i watched that state of the union speech, i like to think that's all i could think was, this is so reminiscent of george w. bush's axis of evil speech, where he basically sought to they the moral grounds for the invasion of iraq. and calling the north korean regime a depraved regime am a talking about north korea -- we know clearly north korea has human rights abuses, but to kind of take the suffering of whether it is the family of otto warmbier -- amy: and tents was with his father. >> and basically, using them for the political agenda. i think what worries me is they are trying to build and convince the american people that the reparation" of" north koreans is for a much tighter the preservation of america's freedom. there is the historical context. there's no recognition that the conditions facing so many north korean people have very much to do with a long history of u.s. economic blockade and aggression that has obviously enabled the country to have the people rally around th

i'm shery ahn.n equity markets today, the dow being weighed down by consumer staples and telecom after the long weekend. the ascent p5 hundred -- the s&p 500 is holding steady and nasdaq is up 7/10 of 1% after declining friday. today all eyes are on the treasury markets. we had the three-month and six-month bill treasury auction. we are still waiting for that option for the two-year notes. we are seeing yields at their highest since 2008. volatility on the 10-year note is also rising after three sessions of declines. the dollar is recovering and than above --s gains above last year's -- last week's three year low. >> the trump administration is taking another shot at obamacare, clearing the way for -- doing away with comprehensive medical plans under the affordable care act. insurers could sell policies that last up to 12 months and would not have to meet obamacare coverage requirements. the european border agency is warning the number of migrants trying to reach europe through the mediterranean wil

i'd like to thank commissioner ahn and hoyos for this measure. debbie, the commission, putting this in front of you all and victor makras with whom we'd be nowhere. when the board of supervisors passed this fossil free sf was born. and it was born as me going alone to the retirement board and getting glared at. luckily things changed shortly thereafter and it's only continued to grow and grow and grow. as you've heard the retirement board has been recalcitrant to say the least. so i want to thank you supervisor avalos and peskin and the staff of the offices for getting us to this point. i don't really have anything to say besides this is an exceptionally common sense measure. we need to put the city's money where its mouth is and i guess to lee hepner's point in terms of specifying the motion i want to provide an example of the retirement board and the commitments they make and the follow through. so one of the milestones was to divest from coal as a good first step. they have been forced to do that by the legislature. so they took a vote, i beli

that would be commissioner ahn? >> commissioner ahn: just a question or a general comment for the commissioner. it's great to see you back in san francisco, of course. your local city and county community, i remember your commitment to go solar as well as your closeness with dr. jackson who unfortunately passed a short while ago. it's great to see you play on the state and global stage at this point. i think your presentation's really exciting in the context of our next item, item 8 on divestment resolution. and i wanted to unpackage a comment you made. hopefully that will inform the commissioners because the retirement board has actually issued an 87-page staff memo extolling the virtues of oil. i was wondering if you could talk a little bit more about your comment that oil as a fully mature industry and what that means for oil growth being capped or what's the time line for renewables to transition from oil economy as well? >> well, i think the choice for cities like san francisco, you know, we get to pick what ki

how much to cut ahn over the business when you left it?ion. -- how much did kat ahn oh the business? the opening of the royal liverpool hospital is set to be put off indefinitely. there was a drastic shortage of cash coming in. despite that pressure, the man brought in as caretaker chief executive was accused of getting priorities wrong by paying more to shareholders than the stricken pension scheme. i understood it to be an agreed arrangements between the pension funds... ifi have be an agreed arrangements between the pension funds... if i have to children and i pay one of their £1 a week and the other 50p a week in pocket money, and the one who gets 50 pete says i think your priority is the other child, you are paying her twice as much as me, and i say i don't think that is the right way to look at it, dear? do you think the child getting 50p has a point? 0r look at it, dear? do you think the child getting 50p has a point? or do you think they don't? that is an interesting perspective. with money leaking away, carillion desperately neede

shery: and i'm shery ahn. we are back with governor asa hutchinson.sident trump has presented his immigration stance, he wants to see from congress. who is going to move these negotiations forward? you see the president more engaged on this issue, providing a leadership role. he put forward a leadership proposal to congress, contrasting with other issues where he said congress, this is what we want you to accomplish, so do it. i think that he set the goal post right, address the dreamer issue, and then order security. what is in between should be negotiable. that is a good starting point. congress needs to respond and act on this. president trump, arriving in cincinnati. -- is headed to a manufacturing company to deliver remarks on his tax reform bill, continuing the conversation on what the president wants, when it comes to immigration you pointed to the pillars that the president wants to see, but how realistic are they when we are talking about a border wall. he wants to see a wall in restricting family sponsorship, a no go for many democrats. sher

i am shery ahn. earnings season is in high gear.s with results from europe's largest bank. >> the final set of results from hsbc. not quite the swan song he had hoped for. europe's largest bank is fourth-quarter numbers that are down. this -- is this the legacy of sir gulliver or is this a blip? >> i think it is a blip. this did not come through in the fourth quarter. >> the fourth quarter from our perspective in the industry was a little weaker which respect to global markets, particularly in the ficc space. and we also took some provisions for corporate exposures in the fourth quarter. that is the future of the fourth quarter. a couple of things on the unexpected front including charges and lower revenues in the quarter from the same business. walmart shares are dragging down the dow jones industrial. investors are worried that e-commerce growth is slowing. why can't walmart satisfy shareholders these days no matter what it does? including plowing money into new operations. investors do not seem to be happy. is true. they sure are

shery: and i am shery ahn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories from bloomberg and around the world that we are following. u.s. stocks are fluctuating following the biggest one-week loss on the s&p 500 in more than two years. do the recent declines represent the healthy correction many investors had expected after a stellar start to the year ? iset yellen's final act perhaps an unfortunate one for wells fargo. the stock plunges as the fed puts a cap on wells's growth. and the death of clothing. we will take a look at why the world of retailers may get worse. that is all in the next 60 minutes. we are halfway into the trading day in julie hyman is with us. it has been whippy. julie: all three major averages made attempts at changes. intoq was going higher, the green, but we have seen stocks going back down. the 10 year yield is little changed at the moment. it does not look like at least today that stocks are taking their cue from bonds

i'm shery ahn. david: and i'm david westin.sident trump led the nation in tribute today to the late reverend billy graham, whose body lies in honor at the u.s. capitol. the president noted that in 1934, graham's father allowed a group of local businessmen in charlotte to use the family's farm. president trump: on that day, the men prayed for the city. they prayed that out of --rlotte, the lored lord would raise up someone to preach the gospel to the ends of the earth. more than 80oday years later because that prayer was truly answered. mark: funeral services for reverend graham are scheduled for friday in charlotte. florida, students returned to class today, two weeks after the shooting at their school. the marjory stoneman douglas high school students were greeted by police officers carrying military style rifles and an array of counselors and therapy dogs. 17 people were killed in the shooting rampage. is runninghat time out, the european union moved today to force the united kingdom's hand in brexit negotiations. the eu publ

i am shery ahn in new york.am david westin at the goldman sachs 10,000 businesses conference. when they said what were the biggest challenges, a were told three things that regulation, access to capital, and finding really skilled workers. that is a big gap. i caught up with congresswoman debbie dingell from michigan and we spoke specifically about what needs to be done to get the right skilled workers for manufacturing. rep. dingell: there are a number of challenges, and we're at a small business conference, so business. about small we are not trading and not -- training enough people with the skill sets that we needed. in michigan we did a study and found we will need 3.5 million jobs filled for advanced manufacturing, but one than 2 million could be unfilled because people don't have the skilled trades they need. we need to train young people in high school, community colleges, with a skill sets that we need. we tend to have an attitude sometimes -- we still need those welders, carpenters, pipefitters, electr

shery: and i am shery ahn. david: here are the top stories we are watching.g to the choir, as president trump addresses people at cpac, and we has to say about the second amendment antiregulation. on -- roberts mueller marches on with charges that rick gates will plead guilty hours from now. australia'snder, prime minister pays a visit to the white house and we take a look at u.s.-australian relations with a man used to have mr. turnbull's job. ♪ shery: treasuries rising in the last trading day of the week and let's get a check for the markets with abigail doolittle. abigail: we have major

. >>> the president says an ahn classified memo vicinindicates in the russia probe. >> as democrats fight to release their own memo. >>> so republican lawmakers are going against the president's claim that a released memo vindicates him in the russia investigation. >> chuck seibertson has reaction. >> reporter: president trump celebrating the super bowl today at his mar-a-lago retreat and also celebrating the declassified memo, saying it vindicates hi vindicates him in the russia probe. it proves the special counsel investigation led by robert mueller is nothing more than partisan politics, democrats vehemently disagree saying the document heralded by devin nunez. >> it looks so much like this earlier effort which we know was coordinated by the white house, so by the same chairman that said he would recuse himself but of course hasn't. >> reporter: the house committee has a rebuttal memo that the house has refused to release. chuck schumer sent a letter to the president urging him to release the democrat's memo. republican congressman trey gowdy says not so fast. >> i have a lot of respec

shery: i am shery ahn. vonnie: i am vonnie quinn. what the bluebird markets welcome to bloomberg markets. ♪ here are the top stories on the bloomberg and around the world. all eyes on inflation with investors betting against the cpi report as fed chair jerome powell says they will be alert to any financial stability risks. bring on volatility. after last week's market correction, trading floors are buzzing again and the recent record-breaking vix volume. and the big power of small business. live fromy joining us the goldman sachs 10,000 small businesses summit in washington dc. now a check at the markets. julie: for the moment nasdaq is higher and take into the green earlier today on the strength of some large-cap technology. amazon rising, apple rising, helping mitigate the kleins elsewhere in the markets today. declines. if you take a look at the movement in the three averages, we haven't seen a third straight going back to mid-january on the three major averages. have been seesawing without sustained momentum. see theteresting to

i'm shery ahn. quinn.onnie our stock of the hour is tumbling, just like most of the s&p 500 -- actually, most of them are not tumbling. julie hyman is here, as you can see. wereactor supply company talking about, down 8.5%, the biggest decline in the s&p 500 today. that was probably my clumsy language that trip you up. tractor supply is a retailer of outdoor and other stuff, and they are normally located in rural areas. company actually came out with a forecast for its full-year for earnings that is at least in line with analyst estimates, although the midpoint is below. -- fourth-quarter earnings and sales matched, and fourth-quarter sales rose 4%, double what was estimated. of that sounds well and good, but the issue is the operating margin forecast for this year. it will be spending more comments that might be good in the long term, but in the short-term it is creating issues for margins. if you look at the bloomberg, we have a look at the operating margins. bloomberg intelligence's seema forecast the m

followed by eddie ahn. >> hi. i'm wayne roth. i'm urging you to divest and for this reason -- if we don't kill fossil fuels, they will kill us. we have very little time before we pass over climate system tipping points that will make it impossible for all of our efforts to try to stop climate change. if you don't get out of fossil fuels and use clean energy, we're leaving a world uninhab uninhabitable for our children and grandchildren for tens of thousands of years. let's make the right move, moral move, the move that divests from fossil fuels now. thank you. >> thank you very much. up next, we have mary jean -- >> mary jean -- [inaudible] >> thank you very much. up next, eddie ahn, followed by john stinson, followed by jonathan coker, followed by betty holiday. thank you very much. up next, we have john stinson, followed by jonathan coker. >> i'm john stinson. i'm a 43-year member of the pension fund. i came 30 minutes early to this meeting and you started 30 minutes late. i don't think you've ever started a meeting on time. wi

shery: i'm shery ahn.hina's thirty-year experiment with time limits -- term limits are set to end. the party has suggested amending the constitution to allow she jinping to serve more than 25-year terms. considering he rules the party, that means two things. the constitution will be amended and xi could be president for life, much like massie dong. how will this reverberate around the globe? let's bring in kevin rudd of the asia society and the former prime minister of australia. thank you for coming into the studio. we have already seen his name alongside others in the constitution. was this a surprise? she jinping would be pretty cool with having his name alongside those two. this is not a surprise for those of us that have been watching this closely. xi jinping was going to be the most powerful leader since dung. it is clear he is probably the most powerful leader since mao. but this in trenches it formerly. this is big news within china itself. it does reach a convention that has been around since 1932

.> and i'm shery ahn we are seeing u.s.cks at a three high, the dow being letter higher by tech and financial. the volume is pretty low ahead havingnew fed chairman his first public comments tomorrow. the s&p 500 is the highest since february 1 and the nasdaq is gaining 8/10 of 1%, rising for a second session. vonnie: let's get to the bloomberg first word news for the afternoon. it marked: president trump telling the nation's governors that he would have run into the deadly florida high school shooting even if he didn't have a weapon. the president again finding fault with officers who didn't stop the government. mr. trump said that the deputies weren't "exactly medal of honor winners." adding that the nation was heartbroken, he said that we need to have action related to school safety and gun violence. the florida school shooting may lead to the first changes in gun control laws in a decade. sweeping new regulations are unlikely. the president and some republicans have suggested tougher background checks and raising the ag

fore: i am julie hyman and shery ahn. welcome to bloomberg markets. ♪ vonnie: from new york, here are the top stories. u.s. stocks are now lower after the s&p went into correction territory yesterday and this morning, after opening higher this morning. when will stocks find stability? the fiscal hawks gone as congress ends the government shutdown with a wide-ranging deal expected to but budget deficits and the $1 trillion per year zone. amazon wants to deliver more packages. it is planning a delivery service to compete with fedex and ups. we will bring you the latest. ♪ been back and forth and back-and-forth all day in stocks. let's check with abigail doolittle halfway into the trading day. >> another while the day for stocks in the u.s. major averages are lower with the s&p 500 act in official correction territory. earlier this morning, up more than 1%, then down, then higher, now lower. the uncertainty all week is continuing. a lot of investors wondering where this came from, especially after the rally last year until g

. >>> the president says an ahn classified memo vicinindicates in the russia probe. >> as democrats fight to release their own memo. hi, we're alaska airlines. and our california game is stepping up. with our low fares, your san jose start-up won't have to pony up for a quick flight to an la meet-up. and you might even get an up-grade on your next trip to palm springs. over 90 daily non-stops. from san diego on up. alaska airlines. that's how we fly. and now, step up to alaska premium class, with upgrades starting at just $15. and now, step up to alaska premium class, ♪ strummed guitar you can't experience the canadian rockies through a screen. you have to be here, with us. ♪ upbeat music travel through this natural wonder and get a glimpse of amazing, with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaineer for special offers now. >>> so republican lawmakers are going against the president's claim that a released memo vindicates him in the russia investigation. >> chuck seibertson ha

you are vietnamese, ahn, and during yourtime when you were a kid and when you are still a single adultndred dollars every season, especially when it is a time for big family reunions. you have all of your relatives and cousins and you can get $300, $500. so that is a lot of money to get all at once, especially if you are ten years old or eight or 11. so, at which age do you think that all of this money should be transferred to the child? what i see in a lot of families is when they get to the college years, they keep the whole loot. the whole loot? so, right now, i have three red packages with me, just taking a look inside, i don't think it adds up to $500. maybe you could give us some explanation, why did tradition of red packets? in mandarin is called hongbao. it is called something different in vietnamese and it is a tradition for the elders to give to their children and grandchildren and to the older, unmarried adults. this is a wish for good luck. it is also like a symbol, kind of like to carry you into prosperity into the new year, and children line up and share their best wishes

shery: i am shery ahn. vonnie: and i am vonnie quinn, welcome to bloomberg markets. ♪ shery: from bloomberg world headquarters, here are the top stories that we are following. equities continue to bounce back as u.s. stocks look to extend the global rally and the 10 year yield hovers around 2.9%. ewing proposals to protect dreamers. ceo is calling the recent volatility in the market, part of our conversation with them at this hour. at the markets, we are midway into the session and their gaining momentum. after earlier we saw stocks go in the negative, now they have turned higher, and that is energy stocks. down byhe sector still 1.5% yuan as we see other sectors gaining in the session. crude oil has turned higher, declining by more than 1% earlier in the session and made a dramatic comeback as you can see. lower, gas remains having a rough couple of weeks, and chevron and philips among the stocks that are limiting the gains that we might otherwise see an overall averages. if we do gaining by days end, that

shery: and i am shery ahn, welcome to bloomberg markets. ♪ vonnie: from bloomberg world headquartersn new york, here are the top stories around the world that we are following. stocks, back, u.s. signal growth and inflation picking up the major indices, up 1% or more now. mixed messages, president trump pushes for morgan control in a slew of tweets but also offers up praise for the nra, calling members of the association great american patriots. is working on upgrades to wireless headphones, according to apple. details on this group later. abigail doolittle is with us now, and we see major indices are higher by more than 1%. andail: the bulls are out, we have the dow and s&p 500 up, the nasdaq up by nearly 1%. this is strength after yesterday's bearish reversal, some we saw on tuesday too. orl the buyers stay in place see a late day selling situation? recently has come to rates, and we could see these gains and gone, but time will tell. relative to the dow, all 30 dow stocks are up today, and the dow greater than 1% move, and we see the red line is 0%, and he see the selling pressure

shery: i am shery ahn. vonnie: and i am vonnie quinn. welcome to bloomberg markets. ♪ shery: here are the top stories from bloomberg and around the world. seeing red, u.s. stocks turned negative and treasuries stop is volatility's grip continues to tighten. await balancing act, we the two-year agreement to avoid a government shutdown at midnight. recent fluctuations in equities will have no impact on monetary policy, will bring you our exclusive interview with bill dudley at this hour. but first a check at the markets. here's julie hyman. like wearlier look might escape with another point today, but it doesn't appear to be the case. trading near lows at the session, all of them losing nearly 1%, and it is characterized as activity we have not seen stability throughout the market. today we saw stocks open lower, but not by this much at all, and vix in the meantime is spiking at 28 once again. here's the intraday chart, and it has changed to a lower open, just before 11 a.m., and where bouncing along along the bottom. the big track specifi

david: this is "bloomberg markets: balance of power," i'm david westin. .hery: and i'm shery ahn u.s.at a three high. treasuries continuing to gain with a 10 year yield at a two week low. the dow, all sectors in the green, led by tech and financial. the s&p 500 at the highest since february 1. we are noting that volume remains low ahead of the public comments from chairman powell on tuesday. remaining the dominant sector today, the nasdaq is up 9/10 of 1%. david: turning now to mark crumpton for first word headlines. mark: david, thank you. the president weighed in on the decision not to hear the appeal of a ruling by federal court to keep the dreamers in the country for now. he discussed the matter in a white house meeting with the nation's governors. >> everyone wants to help with daca. the supreme court just ruled that it has to go through the normal channels, so it's going back in. there won't be any surprise. it's really sad when every single case filed against us is in the ninth circuit. we lose, we lose, we lose, we do fine in the supreme court. what does it tell you about the

askedwestin and shery ahn that question of fireeye ceo kevin mandia. >> there are technical vulnerabilitieshack , and steal documents? that will always be a tool in their tool kit that they can use and that's something that's obvious. we can trace it back and say the russian stole these documents and are leaking them. when it comes to the sharing of idea and ideology we're an open country and we've got to sort out as a nation where the boundaries between how people -- you can have one person in today's world be represented by 500 to a thousand online personas. that exaggerate or amplifies the influence of a single individual. information operations like that are here to stay. i think every government will use them to some extent. we've got to figure out, how do we find them and counter them? >> kevin, you're at the center of the security storm per se. you actually released a report on chinese cyberspies. >> five years ago. >> five years ago. how does this compare, what russia has done to something , you've seen in the past? >> you know, there is a general continuum, i can tell you, i have o

the train from seoul to explore gangneung's beaches, speeds topping 250 kilometers an hour for albert ahn it's a project nearly six years in the making proposed as part of pyeongchang's olympic promise to invest $13 billion in infrastructure this train will serve as an important pipeline shuttling nearly 21,000 passengers to olympic venues every day >> what was the biggest challenge? >> the mountains, we should make straight lines for high speed. so making construction over tunnels and bridges, it needed much technology. >> the hope is this new rail line opens up opportunities beyond the olympics, giving korea rail a bigger platform to export its technology abroad >> we are trying to export our high speed technology especially to asian countries such as philippines or malaysia. >> reporter: 13 years after south korea's first entry into high speed rail, the country is finally looking to grow its ambitions abroad hoping to ride the olympic momentum that $13 billion spent on infrastructure nearly double the budget south korea initially had when they pitched for the games. that's still below

julie: and i am julie hyman in for shery ahn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, hero the top stories on the bloomberg and from around the world that we are following. quite are hanging onto substantial gains as treasury turns lower and yields higher after the worst week in two years for u.s. equities. rebuilding bridges, roads, airports. president donald trump releases details from his long-awaited infrastructure plan, promising at least $1.5 trillion in new spending. dennis gartman will be here for a detailed look into the futures market on 60 minutes. first we get to those equities markets now and taylor riggs. what's going on underneath the surface? taylor: are games arcs elevating a little bit. we came in this morning and futures were up half of 1% and i would say this is a large cap story. the small caps are relatively unchanged here. #btvinto my terminal at g 5169. we are looking at the dow movie or. the sevene six of last trading sessions that you have seen the dow gai