they're dedicate and passionate about create world class ems system for a world-class city. if i can get them to stand up and be recognized. it's a collaborative effort we're undertaking here to change the ems system and to make it a more of a patient outcome-driven system we have the san francisco fire department and king american ambulance and the corporate partner that provide research and technology to make the system better. >> i wanted to talk about some of the accomplishments we made since transferring from december 1 and i was able to consolidate slides but there's actually three pages of work we have done in this incredible team behind me has put in and made some changes. but just to highlight a few, our staffing and we're working on some training and individual development training and team training. we've moved offices. we went from 30 vaness to 90 vaness that was a tenant improvement project. activations. we've been involved with motorcycle activation and the fires in the state. it's been really a schlg for us to do that. ems trainings, we've been putting on free

you got to cut 'em, you got to put 'em in and bake 'em, you got to bag 'em.is: her point is is that she has an idea and she's just trying to... -corey: oh, yeah. lemonis: we don't really need him for the bagel chips, do we? laurie: the bagel chips is a business of its own. lemonis: it could be laurie's bagel chips. laurie: it would be its own business. -corey: laurie and marcus. -lemonis: no, laurie's is fine. corey: no, no, take her with you. go ahead. laurie and marcus. laurie: i don't speak when you're speaking, so don't speak. okay. lemonis: the fact that corey doesn't see the value of reusing existing product to make more money just tells me that if it's not his idea, it's not gonna go anywhere. let's go to dearborn. -corey: yeah, okay. ♪ ♪ lemonis: walking up to the second location, the first thing i notice is this lame, dinky awning that, by the way, doesn't even match the first location, and looks like it was here 25 years ago. how you doing? -corey: good. how are you? lemonis: good. corey: what's going on? lemonis: this is a lot bigger. corey: it's a

alibaba, love 'em or dump 'em? >> love 'em.s is one of the most popular dates in 2018, in fact, i think it's gotten to be an unwanted choice for equity investors. some of that has been the trade war, execution, big brother in china. i think their market value sales continue to be positive. valuation, consider where it is in other pierce, this is 27, 28 types you have a peg ratio of one times. love it. >> overbooked here >> it's valentine's day. it's a day you have something extra for everybody. >> a lot to go around. >> something extra for you >> i don't know what to say. >> it broke. >> so the bachelor gets two roses. >> i'm a lucky, lucky man. great to spend valentine's day with you. >> see you later on "fast" >>> a man of commitment. up next, we talked to one company hitting a sweet spot with consumers and shares of ryder system soaring after an earnings beat. ?>>> the oil mar for the day. let's go to the dominic chu at cnbc commodity desk. >> oil prices are hire and off of the best prices of the day, brent crude 64 wti, 54

if this is a systemic em index, that might have some negative consequences in em flows as an expense.his is more about a recalibration of others at the margins, because these are big beasts. i think it has less ramifications on in this specific index. yvonne: you mentioned 3.1% for the chinese 10 year yield. do you think we could break below 3%? andre: yes. , we aretarget 270 still in a slowdown in the chinese economy. it needs to be fiscal and monetary, not one or the other. whatever operations they pursue, we think there will be lower market rates as a result. david: your title is head of global em rates research. with china, there are so many rates to look at. what do you look at, and does it really matter? andre: to a certain degree it does, but you are right there is an alphabet soup of policy measures, and that bowl is getting full. we can talk about lending rate cuts if they do materialize and rrr's, but it is ultimately getting short-term financing rates lower. let's take where we are now around 240 at its current level. we see it going down to 220, which is a little bit of a

thingsetite for all china and em is quite remarkable. let's pick up where we left off.he situation in china and what we are still seeing for some of these chinese issues. it is remarkable. it is early in the process. they have roughly a trillion left in funding. this early stage, it is been a buoyant atmosphere. hugely surprising that we have seen corporate's i don't want to make too many judgments about how successful that is going to be because it is going to be a drip. the macro economic environment will obviously play a part. oflet's get into them some those concerns. what you said earlier is important. the market has moved ahead of the economy. the chinese stimulus will work. >> what are the things that has happened recently is we saw a huge spike 5% of gdp in terms of new loans in a single month. but a massive number. context, whatcal we see in the cycle because of the lunar new year a time whether is no activity. if we don't compare these kinds thepikes, what you see is bigger the drop in the pmi in january, -- this is a sign of lack of confidence. you see people

guy: can i talk to you about em? a chart shows em flowing into etf, andd-biggest etm, in the last couple of months a spike in terms of money flow. ?ave they gone too far would you be lightening up on some of those or in their does is there still further to run? -- is there still further to run? john: there is a window of opportunity for high-yield and more cyclical markets that have been held back maybe by tighter fed policy and growth concerns over recent years. within equities, with think there is potential upside in em. scarynd markets, those and potentially some interesting currency flows within ems well. had the movers gone a reasonable way and do not want to get carried away. guy: where is the dollar going? john: short-term, it is interesting that it is managing to rally. that is a conundrum to us. we are not entirely sure those conditions are sustainable. clearly, the fed have pushed rate expectations down. growth in the u.s., the data looks better than the rest of the world, so it is hard to see the dollar co

greg: neither one of 'em.hing, is that we don't have the money to afford somebody to stand out there and do it. lemonis: well, unfortunately, you've signed this lease. jennifer: right. lemonis: and you can't afford to not run the business the right way. jennifer: right. lemonis: and so, i respectfully will say, if you continue to not do the things that you can't afford to do, this place has zero chance of making it. like, if you don't put graphics up, have people passing out samples, we're gonna be standing here in a line that doesn't exist. all right, so here's what we're gonna do. your dad and i are gonna go out there, and we're gonna show you that just inviting people and passing out something is an engagement. greg: that's right. lemonis: since you signed the lease, we got to clean up your mess. let's go. greg: come on, marcus. ♪ lemonis: how are you? greg: y'all want some barbecue today? we're a family-owned and operated barbecue restaurant. lemonis: would you like to try a sample of our famous pulled por

altaf: i think for europe and the em, you are better off getting em's exposure through em equities.n a bad place. it's true the growth forecast is going to be revised down. it does feel like there are structural problems with the european union. i think italy is doomed to fail. we may see more political crises there, even another election this year. germany is doomed to boom, if you like. there may be a possibility of a fiscal stimulus. i think europe, again, functionally, something to stay away from for now until the brexit uncertainty is resolved. if you do want exposure to the emerging markets, i think you're better off given the weakness and emerging-market equities and weakness in currency. you're probably better off getting that exposure through equities. nejra: you increased your overweight to risk assets. that's the view you're taking at state street global advisors. thank you so much, altaf. great to have you with me. that is it for daybreak europe. bloomberg markets the european open is up next. we've seen equities come under pressure in asia. futures point lower. a little

he need for ems talent stretches far beyond inma 3700 jobs wille b added. demand for ems workers comes at a time when the health care sector is adding a myriad of jobs. some 42,000 were added in january as the population continues to age and seek care, and workers age out of their roles in the industry. a strong job market is also having another effect. >> more people with health benefits,ore peopleith insurance increases demand for heal and, therefore, health jobs. >> one thing is for sure. m ase people seek care, workers like mailman will be ready to answer the call. >> you get to step into the chaos of the woray of somebody's life and bring calm, bring peace, and have the ability to step in and helpme body on their worst day. that to me is priceless. >> fornightly business report," i'm kate rogers, in bo bangor, maine. >> to read more head tour website, nbr.com. >>> papa john's pizza mayeo longer up for sale. that's where we begin tonight's market focus. according to reuters, the company is now looking for a investor instead of an outright buyer for the

--y're still upside in em there is still upside in em.ples are not where they were a year ago. you had a rally the last six weeks that is still not back where it was given the earnings growth we've seen in the u.s. em is a longer-term plate. to the extent you think the fed will do another 180, you might want to be cautious. the timing is unlikely. we can continue with fairly good economic strength without a fed tightening. they don't want to be too far on the other global easing and we expect to tighten and the dollar strengthens. david: to what extent are the markets anticipating a china put? they are counting on china coming through with stimulus that will reignite growth. thomas: i think there is a bit of a china put out there. investors look at china as a controlled economy, they can turn it on. you have to be cautious. alix: when you talk about the impulse from the fiscal stimulus, what will it take to see more fiscal stimulus globally? obviously, we've already started seeing it in china. it's hard to predict how the euro region reac

the appetite for all things china and em quite remarkable.till with us, scott, and in london, james. so, let's pick up where we left off, james. the situation in china and why we are still seeing such resilient demand for the chinese debt issues. james: it is remarkable, but it is very early in the process. i think that hard currency has about a trillion dollars worth of funding and financing to do in 2019. stage,this early continuing in january, this is not hugely surprising, but we have seen corporate globally take advantage and in china that is the case. for me, i do not want to make many judgments about how successful that process is going to be through the year, it might be a drip drip, so the economic environment will play a hard. but i have concerns, because just the size of issuance that needs to get printed. jon: let's get into those concerns. what you said is really important. the market has moved ahead of the economy. the market and to the believe that the data will validate the price action, because the chinese to millis will work

get 'em, get 'em. >> now the person hops out the car, takes out on foot. >> that was a bold move. >> so like i said, let's just let this be a little lesson. either watching. >> well, these folks were watching as well. >> you're so bad. look at you guys pushing over trash bins. >> oh. >> oh, that's so edgy and cool. >> and now you see this dude is looking through the footage and he's like, it's just a mess. wait a minute. exactly. >> are these juveniles picking stuff up? >> these two young fellows walked up and initially they were filming and then they decided to do something about it. >> i saw these young girls picking up the mess. >> one of the dudes moms said hey, i saw you on tv. >> a little bit of mischief. >> what did i do? >> and instead of being in trouble, she was actually very proud of him. the shop owner's camera caught the action. >> when they get home and she's like why didn't you clean your room like that? why don't you ever do the trash at home? >> a singer and a dj. and on his show in england he's going to give his performance a bit of a twist. he's going to chat a lit

that's one of 'em!t like real people, that you will go out all day and not see someone like that. all my life, i've been a symbol. a symbol as eternal and changeless, an obstruction. a human being is mortal and changeable, with desires and impulses. hopes and despairs. i'm tired of being a symbol, chancellor. i long to be a human being. (jeanine basinger) marlene dietrich, greta garbo, they're like some kind of ... other. if you come closer, i'll scream. it would be easier to scream without a straw in your mouth. (music playing) (jeanine basinger) it's a romantic kind of woman, that isn't one we connect to as easily as we do crawford wanting something for herself, and who's very realistic and down-to-earth. you don't own me -- nobody does. my life belongs to me. and you'll make one fine mess of it. it'll still belong to me. marian, you frighten me when you talk like that. if i were a man it wouldn't frighten you, you'd think it was right to go out and get anything. use anything i had to get it. why shou

em debt is one where we see a high degree of pickup.ou are starting to see resurgence in buying into in em assets. that can be confused on the policy side. >> when we talk about china, we need to be clear. china is a big market with capital controls. they control their own destiny around the financial markets. what we know they have been doing all last year is stimulating adding stimulus to the economy. bond yields dropped, credit spreads were tightening onshore. in the last several weeks, they have continued to tighten. short end chinese interest rates are below u.s. interest rates. this tells me that the policymakers in china are very aggressively trying to support the economy. spreading that stimulus throughout the economy. that will eventually lead offshore. the ties to financial markets are a little hindered these capital controls, and it is not as directed as the old days when you had exports and imports, economic activity. that will leak offshore. that is why they are selling these bonds. these are chinese buyers. jonathan: that

debt ins we see em particular, we are seeing high degree of interesting appeared em equity is a leadingator. you're seeing some resurgence and buying em equity that can sometimes be confused with confidence on the policy side. >> i think when we talk about china, we need to be clear. china is a very big market with capital controls, a very large financial market. they can control their own destiny in financial markets. what we know they have been doing all last year is stimulating. adding stimulus to the economy. bond yields dropped, credit spreads have been tightening. they have continued to tighten. sure in china's interest rates are below u.s. interest rates. this tells me the policymakers in china are very aggressively trying to support the economy. and spreading that stimulus in the economy. it will eventually leak offshore. the ties to the financial markets are a little hindered by capital controls, and it's not as direct in the old days when you had exports and imports, economic activity being the transmission mechanism. but it will leak offshore. chinese buyers are buying the bo

krishna: just to be clear to doug's point, it was more about em. long em.athan: great to catch up with you all. this was bloomberg "real yield." this is bloomberg tv. ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. ♪ >> chevron commits to venezuela. more from our exclusive interview. a battle in nigeria. we assess the oil supply risk. clarity and diamonds. there is a program where customers can track their diamonds from the mind to the sale. we sit down with the ceo. ♪ i am alix steel. welcome to "bloomberg commodities edge." we are focusing on the asset classes of companies with the smartest voices in the business.

krishna: just to be clear to doug's point, it was more about em. long em.athan: great to catch up with you all. this was bloomberg "real yield." this is bloomberg tv. ♪ ♪ >> chevron commits to venezuela. more from our screw said interview -- from our exclusive interview. a battle in nigeria. we assess the supply risk. clarity and diamonds. there is a program where customers can track their diamonds from the mind to the sale. we sit down with the ceo. ♪ i am alix steel. welcome to "bloomberg commodities edge." we

take 'em to missouri, men.whistling and yelling) (budd boetticher) you've got two stars in a western. you have your leading men and you have your location. it's so refreshing to get out and smell the fresh air, see the colors of the flowers and the trees and the mountains and the change when the sun sets. and a great deal had to do with the cinematography. you felt that you were there, you weren't cooped up. you weren't in apartments. you were outside. (budd boetticher) you see the west's vastness, that lonesomeness. they want the gulp in your throat. they want your heart to beat a little when you say, "my gosh, he's in trouble if this is indian territory." underpinning all this stuff is the idea that this is a very romantic view of nature. and there's always that kind of elegiac quality in westerns. the idea that the land endures. and all these antics of humans sort of come and go. that's why the main characters of great westerns are often the landscapes. i mean the monument valley's been the hero of more than

where in em are you finding attractive? guest: right now we have to focus on what is happening with the trade tensions. when you are looking at em, you are really looking at china. that is the key market. china's achilles heel is the debt dynamics. they have 250% debt to gdp ratio. we believe that is not a concern right now because have the growth to be able to service that debt, and also we wouldn't thermine the fact that chinese government will we not against any weakness we see with policy. we are staying on the sidelines right now, think about whether or not we see some trade tensions dissipate somewhat because that is going to be a key issue. guy: what is it going to take to get this rift rally rolling? vonnie already mentioned the fed pivot. what is it going to take to keep this going? guest: i does want to make sure i understood the question. i didn't quite hear you. what does it take for the fed to get going? vonnie: de-risk rally -- the risk rally. guest: oh, the risk rally. certainly the fed being on pause is some

krishna: just to be clear to doug's point, it was more about em. long em.athan: great to catch up with you all. that does it for us. this was bloomberg "real yield." this is bloomberg tv. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >> chevron commits to venezuela. the company attempts to stay on the ground. more from our exclusive interview. the battle for nigeria. presidential elections to throw the country into chaos -- an oil pipeline. we assessed the supply risk. clarity and diamonds. -- watching a program where customers can track their diamonds from mind to sell. i'm alix steel. 30 minutes focused on th

krishna: just to be clear to doug's point, it was more about em. long em.athan: great to catch up with you all. that does it for us. this was bloomberg "real yield." this is bloomberg tv. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> chevron commits to venezuela. more from our exclusive interview. zane -- the battle in nigeria. we assess the oil supply risk. clarity in diamonds. there is a program where customers can track their diamonds from the mine to the sale. we sit down with the ceo. ♪ alix: i am alix steel. welcome to "bloomberg coi

krishna: just to be clear to doug's point, it was more about em. long em.athan: great to catch up with you all. this was bloomberg "real yield." this is bloomberg tv. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelly. we are here at bloomberg headquarters in new york. carol: this week, what rupert murdoch plans to do after they sell out to disney. jason: plans to create the world's largest home living operation the world has ever seen. carol: trouble building homes for low-income residents of new orleans. jason: we begin with a long reach of the last economic

the survey.eve just to be clear to doug's point, it was more about em. along em.athan: great to catch up with you all. this was bloomberg "real yield." this is bloomberg tv. ♪ i'm all about my bed. this mattress is dangerously comfortable. i love my leesa. people everywhere love their leesa mattresses. and now, for an even more luxurious sleep experience, meet the sapira mattress by leesa. sapira is a hybrid mattress combining performance foam technology with individually wrapped pocket springs. enjoy extreme comfort, minimal motion transfer, and incredible edge support. sapira is the first true luxury hybrid mattress. made in america and shipped to your door in a box. read our reviews, then order online. when your new sapira mattress arrives, try it for 100 nights and love it or get a full refund. order your own sapira luxury hybrid mattress right now to get big savings. order now and get 15% off your mattress - and free shipping too. just go to buyleesa.com today. you need this bed. crumpton with bloomberg first word news. president trump says he will declare a

krishna: just to be clear to doug's point, it was more about em. long em. great to catch up with you all. that does it for us. this was bloomberg "real yield." this is bloomberg tv. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. manus: you're watching "best of bloomberg daybreak: middle east." the major stories driving the headlines this week. an egyptian billionaire tells bloomberg europe is a mess and brexit is a disaster. but he says he says he's interested in investing in venezuela. the uae energy minister says opec and its allies are sticking to the agreed output cuts. but the cartel boss says some producers aren't holding up to their end of the bargain. and a nobel laureate tells bloomberg the u.s. it economy may be heading into a recession. and the

. >>> still ahead, why our market monitor says it is time to buy stocks that have exposure to the em. >> as we reported, employment growth in january was very strong, and the health care industry is creating lot of those jobs. but it's not easy to fil all of

concernbly get more with the em debt, if you look at em equities you start to see a resurgence that cane confused with being confident. market, very big large financial market, they control their own destiny. we know that they have been adding stimulus to the economy. our yields dropped, credit spreads have tightened and continue to tighten over the last couple weeks. chinese interest rates are below u.s. interest rates. arepolicymakers in china very aggressively trying to support the economy, and spreading stimulus throughout the economy. the financial markets are not as directt is in the old days when you had exports-imports and economic activity being the transitioning mechanism. that is why they are selling so many chinese bonds. jonathan: it is the mechanism i want to discuss with you. the diminishing marginal return so great the chinese push it on a string. it is not biting. of the economy stabilizing. why will this work? >> the chinese economy has been rebounding and we have to get away from the idea that it will he driven by investment. in the past, china was driven by investmen

people, process, and product is all i care about, and you've screwed 'em up.this point, the business is essentially zero. so i don't know that i have a deal to make. i think unfortunately where we're at is cut your losses, liquidate your inventory, pay your vendors, work your way out of your lease, and go home. what is all that? >> it's greg's band. >> he's never here to work, but he has time to come have his band here? with the chase ink business unlimited card, i get unlimited 1.5% cash back. it's so simple, i don't even have to think about it. so i think about mouthfeel. i don't think about the ink card. i think about nitrogen ice cream in supermarkets all over the world. i think about the details. fine, i obsess over the details. think about every part of your business except the one part that works without a thought. your ink card. chase ink business unlimited. chase ink business unlimited, with unlimited 1.5% cash back on every purchase. chase for business. make more of what's yours. monthly incomeonwide annuity, for the rest of your life. that's what i'

and he said, "the other guys, i tell 'em exactly what to do or i throw 'em out."thomas schatz) at the b level, the emphasis is genre, formula. and it's without question, the emphasis is on efficiency. just turning out the product like sausages. but in dealing with top talent, you're dealing with people who have certain notion of their role in the process. and they are aware they're producing top product. there was a lot of creative conflict and negotiation particularly above the line. particularly involving producer writer, director, star. mr. von elsen, am i to understand that you consider this scene complete? i do. well, i don't. you call that directing? that is what i've been calling it for 32 years. to be a director, you must have imagination. whose imagination, mr. sears, yours or mine? it'll be done your way, but not by me and not by any other director who respects himself. (edward dmytryk) howard hawks had the greatest technique. if a producer came on the set, he would say to the prop man, "hey, come on, bring a chair over here." and he'd say to the produce

. >> molette green checked off ems on the wish list. she's continuing to spread the love at the region thig. morn she is hanging a othe shephe shepherd's table. molette, good morning. >> reporter: gd morning to you. i feel like i'm not doing enouhe. look at t volunteers who are here, preppingor breakfast and lunch today. food is a big part of what they here at shepherd's table, which is a resource, a vital resource in the community. our delivery of this can opener and this rack of clothing got me two big hugs this morning. and we broht blankets and have other goodies. we're committing a random act of kingness and challenou to do that, as well. i'm going to bring in jackie who is part of the reason this program has run successfully. 36 years. >> 36 years. n and we'er missed a meal in 36 years. >> reporter: never msed a meal. you do full service stuff. tell me the top of your wish list and go down. t >> top thing would be people. people serve t folks. financial resources help us to make this happen. and the in kin gifts, this can opener,

there will be additional yields you get from em that starts to look attractive.al word on the yuan and where markets go from here. a key component of these trade negotiations and any final framework, the u.s. once a pledge to currency stability. is it possible because i am sure beijing would like to have currency stability, and will it be helpful? iain: it is interesting because what should happen with easing policy is your currency weakens. that has been the case. we have seen the fed raising rates relative to the pboc easing policy. the yuan should have been weakening. last year, not surprised by what happened to the currency. what will be interesting to keep an eye on is whether we see stability and the currency by theive -- supported authorities in china and trying to keep the u.s. happy. there would be tightening from the fed him a maybe more easing out of china. -- from the fed, they be more easing out of china. we could see easing slightly. haidi: j.p. morgan asset management fixed income cio joining us there. a big event, that summit between president tru

so yeah, i did pick 'em up, i did try to wipe 'em off. >> reporter: kim's shoes.op of the bronco. then he looked inside the vehicle and says he saw the two children. mindful of leaving d-n-a and prints he says he touched none of the bodies. then he says he heard david moving inside the house. >> and it clicked into my head, "he's goin' for a weapon." i mean, this guy is a former indiana state trooper. >> reporter: at which point he bolted from the scene. >> had i stayed there any longer, there's no doubt he would have killed me and he would have just lied and said to his buddies at the indiana state police, "i came home and i found this black guy." >> reporter: after listening to boney testify, the defense was ready to pounce. >> that's his story. and it makes absolutely no sense. but it explains away all the evidence that they had against him, at the time. but what boney didn't account for was the dna that was gonna be found and he has no story for that. >>> new dna evidence. >> he absolutely fought camm. he touched jill. >> did you do that? mucinex cold & flu al

central bankse em follow through on this? i would be focused on the opportunistic central banks in the region, bank indonesia could surprise with a rate cut, perhaps it would be too premature ahead of the april elections, but nonetheless, in the second quarter there could be easing. another potential central-bank was rather reluctant and looking for forward momentum and their own growth. what we need to see is more evidence of the data, and in particular, focus on china trade numbers this week, and in particular china exports held up well. people try to frontload some of ,heir import needs from china but the question is whether we will get a drop-off in january. if that is the case, this reluctance by some of the central banks may have to be called into question and they may have to look at potential easing and follow the rbi. another interesting one is the monetary authority of singapore. that is another one that stands out. we have the budget at the end of this month. depending on how stimulatory the budget is, if it is con

you helped to keep the pressure on em stocks. help to keep the pressure on em stocks.re on china to buy their exports. if china is looking like it can curve the equity side, that can be helpful for emerging markets. i think it will be much more fragile than the chinese rally because that economic news might be good news for chinese stocks because of the stimulus idea. it may not be good news for non-chinese stocks. they are getting the week demand side of things. weak demand side of things. haidi: they are confirming the auto tariffs will not be implemented as long as trade talks continue. but it is another headwind for broad sentiment. garfield: yes, and the medium-term trade remains in enormous problem. the market seems to be quite happy to trade. talks of can-kicking. but in business, you want certainty. in the next three months to six months, you may or may not have tariffs. there may or may not be enforcement with mechanisms brought in. medium-term.e some of the central bank efforts to turn the global economic picture around. i think you need clarity with what is

that's h an oftedevastatg fect on em and tir communits. reporter: steve germon is a farmer.twice, he's coconsidered committiting suicide. just getting through the days is a big challenge. the family-run farm is now in its fourth generation, but it's no longer making a profi a and slolowly ing crcrusd by debeb steve's father and grafafather alsoad upsps a downs. but the sisituation has s nevern worse e thant is n now. and ththat hurts hisis prid. steve: i i don't want t to got because of t the financialal reasons.s. i'd like to o be able to p picy own time t to go out. but t it's making g it very draining, , and makingng it vy hard to o be able to k keep go. it ds have a huge e mental burden on you. reporter: the price of cow's mi hasas dropped by y nearly 2% in t the last threree years. and then camame a drought.t. steve had to slaughter 57 lvlves wiwithinour momont becausesee couldn't afford toeed d them. he was goingng to take hisis n life, but something stopped m.m. ste: p probay my l litest girlrl becae e her ther h h found the letttter'd left on the vs s at the dairsayi

david: there seems to be flow into em. can em really recoup without china being strong?en: i think it can. as we think about the long-term structural potential for em, that is a convergence story. let's abstract from politics, let's abstract from the cycle. what does em look like over the next 10-15 years? it is a source of growth because of convergence dynamics. convergence for total factor productivity, capital weakening, human capital, education attainment. at 10% for the past three decades. incomes of levels, the per capita is still a small fraction of what it is in developed market economies. most divergence economies are still at play here with a bit of risk coming from the global slowing thing. bristow, barrick gold ceo, coming up next. this is bloomberg. ♪ alix: reporting earnings that beat estimates for the fourth quarter reportingrick gold earnings that beat estimates for the fourth quarter. joining us now, barrick gold ceo, ben mande mark bristow. i've covered randgold for quite a long time. when you're on the call and analysts will ask you what is number one

and em including less-developed -- alix: stay with us.oming up, the loss of appetite for kraft heinz, a record low on some of its best-known brands. that is next. this is bloomberg. ♪ kraft heinz plunging in the premarket. it is poised to open at a record low after writing down the value of its best-known brands like 15 point $4 billion. joining us on the phone is the bloomberg opinion columnist. give us a sense of what happened. they built the separately big with the help of warren buffett and it seems to be coming down all at once. why so quickly? thee knew the strategy from start was shortsighted. it was about cutting costs and driving earnings first that way. that meant investing internally would fall to the wayside. they were focused on the bottom line not the top line, but you can't cut costs into perpetuity. we are seeing the damage of that. they reported a write-down. we know they are being investigated into some of their accounting. we are seeing that the strategy does it work in the long-term and they will have to rethink it. in

you want to let people have their ideas and not shoot 'em down.ctually just get a heck of an idea out of it. i wanted max to understand that. you changed that to clean evolution? taylor: uh, yeah. max: you know i hate clean evolution. what do you think of the name, clean evolution? taylor: um, i think it could be interesting. how 'bout that forward-looking tub? it was a pedestal tub, but it wasn't so stuffy. so we can print this and mock it. taylor: yep. lemonis: this is just a mockup, just an idea. so, pluses and minuses for the change. max: i mean, i see all minus. lemonis: all minus? max: yeah. because the name, obviously, and the bathtub straight on look like a muppet. it's insipid. taylor: that's a little confusing. i like the idea of going with a bathroom-related icon, makes a lot more sense to me. max: i just can't get past the icon. so, to me, this would be, like, a mies van der rohe chair in a castle in scotland. it doesn't -- it looks weird. lemonis: a mies van der rohe chair? in a castle? in scotland? i don't know what that is. which on

that's because one of the most popular etf's this year is em.his has absorbed about $5 billion this year. the market cap stands just under 60 billion. as you can see this is by far a record for this etf. you today is the most popular etf globally. it had to be out about 6000 other funds. investors can pull money just as fast as they put it in. thank you very much. stretch, tell us the truth. has there been a wall of money? it?re we just overdoing jeremy: certainly there has been interest in the trade and it has been a function of the fact that markets have been repricing fed expectations. it has provided impetus to look for high yields elsewhere. and where you find those high yields? there has been selected appetite in that regard. i have some sympathy with that we've seen that significant money flow moving into that space. if we can see a continuation of global growth and we don't see extreme negative scenario that was playing out over the last two or three months extended to the year ahead, the trade was crowded but doesn't imply that we will

it then it's time for done get em got to make a presentation at the belly now africa herb.and just. as she hasn't just made a name for herself as a writer and filmmaker. she's also a facilitator who sponsors african films made outside well known filmmaking nations such as nigeria and south africa. and then we have this like zimbabwe where our minister actually said we don't support the arts because when an artist so says it's only for the artists so well so far for the hospital itself or the nation. women often have an especially hard time finding support. but here at the betty now as africa hugs they can network and made plans to produce films together. the people who planned the women are not the easiest people to get on because there are women who fight their women who do not say can go for an answer there are women who would like to change things and so are the people who are coming in to work with the professional women have to understand that these are the kind of people that they will be working with. one woman who knows how to put up a good fight is the a villain fr

let's look at em affects overall.asing bias across central banks, asia fx falling out of favor. your bloomberg u.s. dollar is still around, flat this morning, but gaining .1%. the offshore renminbi still below that 6.80 handle, but the bears are back in force. your indonesian rupiah come up one of the biggest looters -- losers, down .1%. were seeing those current account numbers coming through. if it continues to be in the deficit, it could be more pressure for the currency. rupee forwards flat. we saw interesting market reaction given that the rbi cut, which was a surprise, but the market reaction was rupee rallied, which was counterintuitive. david: let's ask our next guest, fx strategist at mizuho bank joining us live out of singapore. nice to see you. what gives? why do you think the rupiah reacted that way to what was largely a surprise move from the rbi? >> i think the initial reaction from the rupee market participants is that lower rates are beneficial for indian bonds. they are also somewhat supportive for in

get 'em fast for just a lincoln each. or these.ing they're sold literally everywhere business is done. i'm pretty sure you could buy them at a bank. not sorry. reese's. ( cheers and applause ) >> trevor: welcome back to "the daily show"! we are live and we just got out of the state of the union. now, during tonight's state of the union, president trump spelled out his vision for america. i mean, he didn't literally spell it out because spelling isn't something he does, but he told us where he sees the country going and, as is tradition, the state of the union was followed by several rebuttal speeches. former candidate for governor of georgia stacey abrams delivered the democratic response. california attorney general javier vacera gave a speech on behalf of spanish speaking americans and mitt romney gave a speech on behalf of americans who think ketchup is too spicey. on "the daily show" we have our own annual response when we cover the issues that are of special importance to black america. please rise, not really, just clap as ro