with me is fiona cincotta, senior market analyst at city index. reportedly ready to give them the go—ahead for the chinese technology firm to supply non—core elements, it says of the uk's new mobile system. now, there have been a lot of concerns over this. chinese laws suggest that firms must co—operate with beijing. so we seeing that there could be a conflict of interest here, and that is something that has been brought up is something that has been brought up by is something that has been brought up by senior as well. there is a huge debate and discussion about huawei, what it provides, what it doesn't provide, whether it's

with me is fiona cincotta, senior market analyst at city index. britain could be dealing with highway? it says here that theresa may is reportedly ready to give them the go—ahead for the chinese technology firm to supply non—core elements, it says of the uk's new mobile system. now, there have been a lot of concerns over this. chinese laws suggest that firms must co—operate with beijing. so we seeing that there could be a conflict of interest here, and that is something that has been brought up is something that has been brought up by is something that has been brought up by senior as well. there is a huge debate and discussion about huawei, what it provides, what it doesn't provide, whether it's an agent of the chinese authorities or not, whether it is an independent international operator. us and the australia —— and australia have imposed bans on huawei equipment and when it came to light through leaks in the papers last week, meetings in cabinet and private meetings amongst senior officials in government in the uk about working with huawei, it

we're going to see we actually think we'll have some positive surprise, and you'll see that city surprise index move hire. it's been negative for quite a while. we can see that move higher. that's going to give some tail winds to the economy and let the markets continue to move up. we think that will push yields higher on the treasury yields as well it will give us a little momentum going forward guidance is going to be key for earnings as it always is, but when we kick off with jp morgan, we're going to be pleasantly surprised where. >> if we're not, then what if earnings start to come in a little bit weak, maybe guidance a little bit soft, then what happens? >> i don't think we're going to have a huge down turn, but i wouldn't be surprised if we had a pullback i think people have been expecting things not to be great from the first quarter obviously, we had the shutdown that happened. we had bad weather in february people were expecting numbers not to be great. if they're truly negative, if they're really poor, then maybe we'll have a slight pullback you could use it as an opportunity to add

. >> guys, everyone loves a good surprise, so what i have charted is the citi surprise index for asia-pacific trending together for a while despite differences at the start of the year. now they have diverged again. both are unpleasantly surprising, so this shows economists are being disappointed continuously by the economic data coming out of both regions. you will see how the u.s. is near its low since mid-2017. we joke on the economy beat that we should take the first off every year. there is a lot of seasonality talking on the data. yesterday we saw some march data out of trade. indonesia look bad, india looked like it was recovering. we are continuing to see a mixed picture. i would note there is a lot of talk about the china slowdown becoming less severe. a lot of optimism around trade war signs that are looking up. but we still have a lot to work its way through over the next several weeks. it is going to be a time of reckoning for this data. there is a lot to be uneasy about, certainly with china's stimulus having to percolate through the economy as well as monetary policy, especially

if you get decent earnings and sentiment in general and you look at something like the city economic surprise index that's at an all-time low and sentiment, what people are expecting out of this market are very low and i can come up with a bunch of different scenarios and all of these are headwinds and the market just doesn't care it just keeps going on maybe this is a blow-up top and a meltup and whatever term you want to use and i want to initiate a new position here. >> i agree, my long bias is how i will be positioned and some of these names have run up the alphabet and i actually sold upside calls today it's run a lot it actually did touch an all-time high today and fell off a few points and closed a few points below that, and i probably would look to sell some other calls and other things and even something like j.p. morgan and the upside call doesn't have a lot of juice in them and i'm not surprised that the first quarter was decent for companies, but i feel like any sort of expectation that earnings would disappoint is kind of out of the market now and as the bar gets higher and even if you

get comfortable with it. >>> to the index of other news tonight, and to the grim discovery here in new york cityieve they may have found the body of janine came rot that, a teacher and mother reported missing five days ago. authorities tonight say they found a badly burned body inside a storage facility. police say her estranged husband is, a quote, primary suspect. >>> the world's most expensive divorce is making news tonight. jeff and mackenzie bezos have reached a $137 billion settlement. the amazon ceo will keep 75% of their stock in the company. she'll keep the other quarter, about $36 billion worth of stock. she's now the fourth richest woman in the world. >>> high school students were hospitalized in connecticut amid 5 vaping scare. police say at least five teens were sickened after sharing a vape pen at school. authorities believe a 15-year-old girl filled it with thc liquid. she's now facing drug charges. >>> and prince harry issuing a warning tonight about children and social media, calling it more addictive and dangerous than drugs or alcohol. he also wants to ban the popular game for

. >>> time now fmp the index and a deadly police shoot out right here in new york city. justin wounded by a gunman. the suspect shot and killed. fellow sferps applauding as he left the officer today. >>> the cdc warning the flu season is the longest in a decade. with 21 weeks of elevated flu activity in the u.s. more than 57,000 people have believed to have died just this season. and widespread plu activity. take a look at the map. and the stuff of nightmares. a 18 foot python found on a roof in a home in detroit. what was she doing there? whatever she wants. the owner finally coming home, flim v climbing on the roof to bring her home. the snake's name is juliet. she got scare bid one of the barking dogs. the owner insists juliet is friendly. we will take his word for that. >>> the shelter dog, his new owner and the fantastic bound e bond. stay with us. drive safely... actually helps you with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it

index." and the frightening hit and run caught on camera in new york city.r barreling through the crosswalk, plowing right into a 14-year-old girl on her way home from school. sending her flying straight into oncoming traffic. she was taken to the hospital with bruises. and tonight, police are on the hunt for that driver, who fled the scene when a witness called 911. >>> turning overseas, the deadly flooding sweeping across iran. rivers bursting their banks with muddy debris, sweeping cars from roadways, whole neighborhoods under water. at least 70 people killed so far, displacing thousands more as whole towns are forced to evacuate. record downpours soaking that nation, and they're holding their breath as a new round of rain now looms on the horizon. >>> back here at home, at brooklyn's barclays center, wrestling superstar bret "the hitman" hart, attacked. making a speech at the hall of fame ceremony. suddenly, a fan jumping into the ring, tackling hart to the ground, and punching him in the face. security rushing in to pull the man out, still slugging hart

index." the killer sentenced for the death of a jogger here in new york city.hanel lewis spending life in prison without parole. convicted at his second trial for beating and strangling karina vetrano. saying, "i'm sorry for the family's loss, but i didn't do this." >>> a federal court in michigan ruling it's unconstitutional for police to mark your tires with chalk to determine how long your vehicle has been parked. the court calling it an illegal search in michigan, ohio, kentucky, and tennessee. >>> manuel franco winning the $768 million jackpot. he said he saw the surveillance camera. he's taking the lump sum, $477 million. >>> still ahead, the abc news special. >> when i think about the year 1969 -- >> it's something special. >> it's the birth of pop culture. >> it was freaky. >> everybody could let their freak flag fly. >> it was shocking. >> outrageous. >> phenomenal. >> terrifying. >> divided. >> scary. >> today,'s a mirror image. >> 1969, the stunning event, premieres tonight at 10:00 p.m. and i treat my mbc with everyday verzenio- the only one of its

index." the killer sentenced for the death of a jogger here in new york city.hanel lewis spending life in prison without parole. convicted at his second trial for strangling karina vetrano. saying, "i'm sorry for the family's loss, but i didn't do this." >>> a partial victory against parking tickets tonight. a federal court in michigan ruling it's unconstitutional for police to mark your tires with chalk to determine how long your vehicle has been parked. the court calling it an illegal search in michigan, ohio, kentucky, and tennessee. >>> america's newest millionaire tonight. manuel franco winning the $768 million powerball jackpot. he said he saw the surveillance camera. >> i felt so lucky, i wanted to wink at it, i had that lucky feeling. >> he's taking the lump sum, $477 million. >>> when we come back, the "jeopardy!" champ, and what he's now revealed. >>> and here's what's coming up later this evening, the abc news special. >> when i think about the year 1969 -- >> it's something special. >> it's the birth of pop culture. >> it was freaky. a big blur. >>

index" of other news tonight. we have new details about the alleged arson plot in new york city.k lamparello arraigned from bellvue hospital. the prosecutor says he plotted to burn the cathedral to the ground. the defense claims he suffered a psychotic episode. >>> the cdc confirming the potentially dangerous kissing bug has been found for the first time in delaware. it has also been found in maryland, pennsylvania, and virginia. the insect, capable of passing along a fatal infection, often biting people on the face. drawn to your breath. >>> and the powerful image tonight, sending a message of support to jayme c she was held captive for 88 days, her parents killed. >>> when we come back, "jeopardy!"'s unstoppable champ, and what we now know about how he practiced at home. it's not how we play at home. feel the clarity of non-drowsy claritin and relief from symptoms caused by over allergens. like those from buddy. because stuffed animals are clearly no substitute for real ones. feel the clarity. and live claritin clear. (alarm beeping) welcome to our busy world. where we all want

we don't have one bep have the land use index which has a lot of outdated plans covering a third of the city stapled together. some are older and done when i was in high school or before. it's that long good. i would encourage to you work with staff and say let's great a general plan for the city so we have a direction and can look at it and say this reflects the current values of the city. this shows the direction it goes to and it's a discreet plan for getting there. general plan compliance is treated as a compliance exercise. you say there's nothing in the general plan which contradicts what we're trying to do today so we can go it but it's not a plan we're working off of or for the city and we desperately need one. please, as you face up to all these various challenges that were here, i think a general plan would be terrifically helpful in term of values, vision and actual million to get us to where we are to where we want to be. >> commissioner: thank you. any other general public comment? come on up. >> i'm susan kacasov from the california native plant society. i wanted to thank the p

for the indexes this morning, a little pressure from city group coming in mixed.s. there is a look at the dow jones down 57 points to 26354. the s & p 500 is down about a quarter of a percent as well. the nasdaq is slipping a half of a percent down 37 points. >>> some facebook investors will try again to remove mark zuckerberg as chairman. there are two proposals to change how the social media company is run. both say that zuckerberg has too much power and hints at the frustration many investors feel after outages and scandals. however, neither proposal is expected to succeed. that's because facebook's class b shares have ten times the voting power of class a shares. and zuckerberg owns 75% of the class b shares. share holders will vote on the proposal on may 30th. >>> military mondays begin at kohl's. they are giving all active and veteran military 15% off. all you have to do is show a valid military i.d. or a veteran i.d. >>> nintendo is taking the game from the console to the phone. mario cart tour and dr. mario will go mobile this summer. it is said to be a go

city. is sending a signal that the a.k.p. bastion istanbul has poland and he wants everyone in istanbul and in all of turkey to know reporters without borders has published its latest press freedom index it's based on access to information legal restrictions and the right to violence against the media whether that be from the state or from others eritrea north korea and turkmenistan all of the very bottom of the table so let's take a look at the countries where which reporters without borders describes as very serious at the top of the index they northern european countries of norway finland and sweden but the picture is not so positive in other parts of europe european union member hungary dropped fourteen places to eighty seven d.w. caught up with hungary and journalist who left the country and now lives here in germany. barely nine hundred kilometers separate berlin in budapest but for a journalist or a dish areas work the two cities are worlds apart since viktor orban became prime minister nine years ago hungary's media landscape has changed radically and had had her best when i was a child i always heard that hungry was one of the most liberal countries in what was the eastern bl

city. much more "fast money" right after this what do advisors look for in an etf? don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. mno kidding.rd. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with xfinity. it's just another way we're working to make your life simple, easy, awesome. go to xfinity.com/moving to ge

alix: citi said, "equities continue to rise despite over exuberance." fear of missing out could push the index above the previous all-time high. is that what it is going to be? christopher: i think that is part of the story. we have nothing many stocks from 9000 to 3000. the earnings story is pretty good, and you don't have a lot of other choices. you end up in a place where you acknowledge that volatility is likely to be violent and episodic. wait itaited out -- you out, or using about what to do to invest and project manage risk. the flows don't necessarily tell that story yet of institutional money still on the sidelines. david: where are the bargains? christopher: europe, for sure. it has missed a bit of the rally. it is a bit of a big slow from 2018. european energy looks very interesting. we are talking about iran sanctions and a number of things driving markets there. european banks, interestingly enough. recapitalization is more a possibility than a dream. in the u.s., the domestic story may be under pressure from higher oil and health care costs. we are more focused on some of the sec

city in france every saturday for the past six months. emmanuel macron is planning new tax cuts for the middle class, also he is planning to announce indexing of small pensions to inflation, normal closing of schools or hospitals during the rest of his mandate until 2022 and also some reforms like shutting down or at least reforming the college that has trained the french establishment for the past 50 years and that has been criticized for the lack of diapers and the of the french elite -- the lack of diversity in the french elite. --s is turning into a major because we know a lot of the cash emmanuel macron -- emmanuel macron will have to go a new announcement and be a bit more ambitious, otherwise this may be considered by the french too little, too late. david: it is 10 days later. is also somewhat harder? is the bar raised in the reaction by the yellow vests and others in the fact that so much money was raised so fast to rebuild that wonderful cathedral and not going to address the issue of the yellow vests? caroline: absolutely. the yellow vests have criticized this money raised for notre dame. nearly one billion euros at the moment, s

city. in blue, the s&p 500. it finished up .1%. 1% away from a record high, even though more stocks on the index were down than upes of the heavyweights pulling in index higher. this is important as the conversation turns to how much of this rally is real? how much is dependent on positive earnings, a good economy, and how much has been created by central banks? this is a conversation i think a lot of people will be having this week. anna: i am going to go with dani's chart. i like the reminder we are in backwardation. it ties into what we are talking will with how the saudis respond and whether they wait to see if the white house follows through on the plan to stop the waivers. that is it for today's program. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell oth

city. 82 in oakland. lucky enough to have the day off. it will be a warm beach day but the ocean temperature is a cold 50 degrees. the uv indexh. accuweather seven day. still hot inland and around the bay wednesday. a cooling trend will take us thursday into friday. >> exciting. >>> warriors to talk about. >> the ocean temperatures will come into play. klay thompson. we know he is laid back and mellow. when he needs to shake things up, he is not afraid to jump on in. oh! oh! oh! ♪ ozempic®! ♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than seven and maintained it. oh! under seven? and you may lose weight. in the same one-year study, adults lost on average up to 12 pounds. oh! up to 12 pounds? a two-year study showed that ozempic® does not increase the risk of major cardiovascular events like heart attack, stroke, or death. oh! no increased risk? ♪ oh, oh, oh, ozempic®! ♪s or diabetic ketoacidosis. do not share needles or pens. don't reuse needles. do not take ozempic® if you

index. president erdogan is losing key of -- losing control of key turkish cities in early election results. cities along the mediterranean coast. across the rural interior, the ak party largely standards ground. global news, 24 hours a day on air and at @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: thank you. we are just getting breaking news from manufacturing pmi, better than expected in the u.k. for the month of march. economists are forecasting 55.1. we will look at pound volatility against the dollar. the dallas fed president, robert kaplan, says he sees u.s. gdp 2%wing this year at 1.75% to but is not forecasting any rate hikes. he spoke to kathleen hays in an exclusive interview. plot, andt, in my dot i have been saying this for some time, i didn't have any rate increases for 2019. it doesn't mean that i couldn't change my mind. it means as i sat there in the march meeting, that was my base case for 2019. but it is always subject to change. what my main goal is for monetary policy right now is that we a

indexes are falling across the board. let's look at individual stocks stories with annmarie hordern. annmarie: let's talk north kaiser up to the north side, raided a buy at citying if this luminary refinery comes back, it would be a positive catalyst for the stock. euronext higher as the norwegian market regulator approves them to take over the oslo exchange. it now goes to the finance industry. nasdaq is in the running, as well. the finance ministry has until may to decide. and tgs, one of the biggest losers, reported revenue that met the lowest analyst estimates. they are under pressure this morning. anna: thank you. saudi aramco will establish a permanent presence in capital markets. the energy minister was speaking to manus cranny at the energy forum in riad he also. spoke about the closely watched bond sale. >> the roadshow is ongoing. i think the deal will close on wednesday, so i'm advised not to comment on it. andi think the press report the analysts and the investors have been extremely impressed by what they have seen. this is no surprise to us. we've been saying it for years, that saudi aramco is not only the largest, but the best quality company t

greek athens index the athex composite is up 23% in 2019 oh, how far we have come joining us now to talk about this and the setup is steven wining, global chief investment strategist at citiven, i want to give you a pen. sign this barron's >> i'm not responsible. >> i know, i'm not blaming you is the bull unstoppable? got to be fair they do poke fun of themselves with an inverse coordinator. >> right. >> at some point is this market rally going to peter out >> well, right now we're ahead of an earnings season where we've had questionable economic data going right into it. >> and all we are in the middle of a seven-day winning streak. >> that's why we might in fact worry a bit. the first quarter for the u.s. economy looked fairly close to 1.5 gdp as far as we could tell. i think it ended stronger. you could see what happened with the jobs report for the month of march with the ism data for the month of march stronger than the quarter as a whole. the worries in the bond market that we have seen from the end of last year to this year were legitimate we had a federal reserve that would have tightened three more times. but the fed heeded those warning signs. the economy has th

indexes. here is the numbers they reported in 2017 that compares the year of 2016 and 2014. at that point, san francisco ranked sixth of all of the 100 largest u.s. city is in terms of income inequality, and you can see the report -- they report and cup at -- income at the 95 th percentile, which means 95% of the households enchantment cisco have income less than that. 5% have more and they reported of the 20th percentile, same concept of 20% of the population below that amount and 80% is above. so there you see the differential of 15.9 between the 507 -- 507,000 at the 95th percentile and others of the 20 -- 20th percentile. and that multiple, the difference between those two groups has grown. it is an indicator of increased income inequality. it was 14.5 when you go back to 2014, and now you can see the multiple is 15.9 in 2016. not shown on the chart, but another measure was prepared by bloomberg news in 2017, which reported san francisco having the highest level of income inequality. there measure is a little different. they measure the 95th percentile or high income versus middle income. it is a different way of measuring it, but again, the same

index. coming up, more from our day forws on this big banks in europe. but first, let's get first word news from new york citya clear timetable for her departure is the demand for lawmakers in theresa may's own party as brexit chaos continues. but this gives the prime minister a little breathing room . they shied away from changing party rules to make it easier to oust her, this coming as scotland's primus are called for a new independence vote. donald trump is shifting the u.s. stance on libya. in a phone call, he reportedly act an assault on the country's capital to depose the internationally backed government. the white house putting out a statement recognizing his significant role in fighting terrorism. sachs should plead guilty to crimes in order to settle its 1mdb probe, a recommendation from u.s. prosecutors. the firm blames rogue employees for wrongdoing and previously told prosecutors it was deceived. still, malaysia also faulted the company. it says that goldman misled investors, knowing money would be misappropriated. a japanese court agreed to release carlos ghosn on bail for a second time. he was