been stepping back from his managerial duties for the past couple years but will continue to serve as ceoes ce entertainment company. he wanted to spend more time with his kids, away from the 24-hour grind. you know, with the breakups with idina menzel a ariana, >> and the names kept coming, right? and it was all like confined, yeah. it might be time to turn that page. >> and a lot more to the story than we might know. >>> exactly. the chain has been officially broken with fleetwood mac. stevie nicks says there's no chance of the band getting back together. she cited the declining health of lindsey buckingham as another major factor. buckingham was fired from the band in 2018. nicks said even if they could work together again she would be concerned about the toll touring would take on him. she said she will keep the music of the band alive for as long as she can. i find this so sad. like the end of an era. it will never happen again. they have so much history together professionally, personally. >> drama, too, talk about drama in the music industry. fleetwood mac has been through it, ups a

first of, a model holden -- he is 90 now, still going strong. 500 ceoe only fortune to ever serve in congress, which is amazing. he gave up being the ceo of corning to represent our district. it is also my home. then to your question, the fbi -- my late husband lived in that world. factsill, with whatever or dispute what is out there when they can. there is a lot of issues that the fbi and the cia deal with, and when they can come public, they certainly will. host: we have been talking with sarah chamberlain, the president and ceo of republican main street partnership. again, republicanmainstreet.org is the website. thank you for your time. guest: thank you. host: coming up, we talk with associated press reporter alicia caldwell on the trump administration revised travel ban. and coming up later, bill gholston talk about how president trump's legislative agenda is faring with the republican-led congress so far. we will continue with "washington journal" after this. >> who will win studentcam's grand prize of $5,000? join us at 8:00 a.m. eastern on march 8 for the announcement. this y

ceoe do this right, the actually has an interesting decision during our investment window.ady to go big? is this company who is figured it out, and now i need money to scale? by keeping it lean and mean, our founders have the option of getting profitable. this was not some that you could do back in 99, or 2000. >> we were saying isn't the point of the a round only going to a handful of the seed round companies? sort of a weaning process ? interestingt -- the ring is the definition of a round is interesting. we are dealing with companies who are in their seventh institutional close. anderson harwood comes in and puts $20 million in and calls in series a. it's the seventh institutional close. in many ways, by the time the big firm comes in, that company dr-r ually deep risk -- e-ricked. go spend thean you money, it means you deserve the money. >> you change the negotiating stance. letguys have been there to them choose their terms. >> a lot of times as ceo will come to us the term sheet in hand from bigger firms. they will say hey, bullpen, and only this much money at. what i

ceoe know that facebook mark zuckerberg has been pretty critical of the administration when it comesnsa saying they basically blew it in exactly those words. hoping toexecutives get out of this meeting when it comes to that portion up? -- portion of it? yahoo!, the companies whose representatives were at the table -- they sent a letter to president obama and members of congress raising issues with the nsa program. one of the things they said was that the u.s. should be taking the lead going forward. they also want to be able to rein in the program, to determine ways that they can determine how their culpability is limited, to prevent the government from participating in the collection of some of this data. this comes on the heels of the administration's review of these policies, the president receiving the classified version of his outside panel of x boards -- of experts recommending changes to the program. also the white house had a meeting a couple hours after the federal judge ruled the metadata collection problem -- program is probably a violation of the fourth amendment. >> we a

shares are up today onward brazil'supreme court revoked a ceoe owner -- the former .as been holed uphome he was arrested in november on charges of obstructing a federal investigation. turner broadcasting teaming up -- teaming up. -- the subscription fee has not been announced. bywill be curated programmers from turner classic movies, the cable network. to give his 2000 full-time employee shares with up to 10 widelyp -- 10% considered to be worth billions of dollars. it could make some employees multimillionaires. turning back on the federal reserve this week. take a look. the current index of assets higher. i am sure tomorrow as well. joe weisenthal is here now. walk me through the chart and the significance of it. how have the bond markets reacted? of,here is always the sort it is always hard to disentangle market moves and the fed. saw basically everything bottom in the middle of february commodities,g from stocks, emerging markets, everything has rallied since then as it has been perceived that the fed has gotten more dovish. nobody expects the fed to do anything. the real questio

co-ceoe bank's new getting a revamp.ommittee that advises the day lord turned their under pressure to shore up profits. those are your top stories at the hour -- at this hour. matt: four's latest patent. plus, a look at oil, teetering on breaking the $40 mark. more on that is ahead. ♪ matt: your average sedan might feel like a private jet. it can also transform into a lounge while driving, adding swiveling speeds that created a more comfortable setting and an ottoman for your feet. i think we are a long way away from this happening. the ceo was asked about this when mercedes was showing its driving lounge. he said they are still quite a few years out and there is no rush this product. first, we have to get the lincoln continental. that is what i'm -- i'm excited about seeing from floyd -- from fort and then we will worry about not paying any attention to the road. they are driving in the left lane when they should not be there. olivia: that does it for me. stay tuned for more. ♪ matt: welcome back. in the sign of strengt

it is interesting to see more executive from goldman , now coming to technology the ceoe as cfo therefo google, and interesting 20 -- trend we're seeing. matt: alibaba has long wanted to be a global player. emily chang, thank you for that. alix: thank you so much. coming up on the bloomberg it bone to pick with bank of america. we will tell you why. ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. alix: welcome back. let's get straight to a look at the top headlines. escalated as the suspended deposit fund pays its obligation bond. one of its agencies defaulted for the first time. the come in play less than one that -- paid less than $1 million for a $68 billion payment. bill rhodes talks about it earlier on bloomberg. law thatis a 1968 cap's medicaid and medicare. others are much wealthier and you look at what they are getting and what the states are getting. it is basically not fair. that is why they should have another referendum on

earlier, stephanie ruhle and tom ceoe spoke with the zillow about this deal. they started by asking him when the low and trulia will reach vertical mast. >> it is very early, so it is hard to say. real estate professionals spend $12 billion year in advertising zillow and trulia combined. you alreadye two of dominating, capturing all the online advertising dollars? have zillow and trulia, i no idea who's on third. >> there is a lot of fragmentation in this space will stop most real estate advertising still occurs off still occurs off-line, newspapers and outdoor advertising. a lot of it goes to a long tail of local real estate sites am including tens of thousands of real estate sites in any given city. that long tail in the aggregate is a lot of consumer audience. zillow and trulia are probably the best known national brands but is very fragmented as far as the local level. >> what is your ultimate goal customer we heard you do want to see zillow and trulia as separate entities. why not combine them and be separate brands question mark >> i think it's very impo

erik schatzker and stephanie ceoe interviewed a jpmorgan and iconic editor, tina brown. to watch on friday, only on bloomberg. the top are public and politicians from around the united states are making their way to the premier conservative local conference today. each looking to secure the favor of the more than 10,000 attendees at seatback. phil mattingly has been watching nowthings are in p joins us >> good afternoon, mark. the stars are out for the republican party when it comes to see pack. on the senator side, you've got marco rubio, ted cruz and rand paul, you had governors like chris christie and bobby jindal. the point right now is to try to prove their conservative credibility. marco rubio gave a very in-depth foreign-policy speech and ted cruz talked about repealing obamacare and dodd frank. at the future of the republican party -- see pack is a purity platform, something ted cruz made very clear today. >> all of us remember president dole. and president mccain. and president romney. man, decent man, but when you don't stand and draw a clear distinction, when

and here is what some of you had to say about other ceoes on the hot seat. the we talked about ibm fire eye. coca-cola. on the hot seat. >> and pepsi has been knocking it out. this is a time when pepsi, not just the salty scene of the accident b-- salty snacks. but pepsi as the complete unit. a al. >> mayer, costello. here is one. meg whitman. >> no way. you are what your record says you are. the turn around underneath her control has been phenomenal. no way you get rid of her. >> how about eddy lamp ert. >>less like bezos. he owns the place. >> he knows he's on the hot seat. he may not care or give a damn but he's on the hot seat. >> activist shareholders control more capital than ever before. so theoretically everyone is on the hot seat. >> he has fireproof pants on because he's been on the seat a long time. . . >>> trader blitz now. first up is walmart. moving higher after beating on both top and bottom lines. strong back to school season. maybe this was a surprise to a lot of people today. >> well the first positive comp in seven quarters. >> sort of dou

keeping up with disruptive ceoes and technology, ibm's shows her insight at cornell tech.ersation in moments. we want to get the u.s. markets, which was in about to -- two

earlier today, matt miller and i ceoe with the founder and of foresight strategy and to medications.e discussed his contingency plans over greece. at this moment, the contingency plans have been exhausted. we have been redrawing contingency plans over the last four months. now time for leadership, regardless of what party they represent, to consider using russian now in boldness and come up with any solution, any settlement that will allow at least the business community and private sector to continuously move our country step by step forward, and hopefully at some point we will be able also to deal with the structural issues that we andnitely need to tackle get them behind us in order to move the whole country ahead. >> what about you personally? have you taken out enough cash to get you through next week, or are you not worried about it run? >> i have heard so many times that there is this issue, i didn't go. i'm not sure that we will have such an issue at the end of the day. get 1000ure that if i euros and put them in my home for the weekend, that will save me if we end up moving

today, the ceoe mailed staff saying the "wall street journal" article was quote, based on here say and he added that it is to be expected as the company moves forward to be becoming a public company but didn't say what is wrong in that story z shifting gears, a bit now, stocks ending sharply higher after consumer confidence came in better than expected. and there is out of 13 apple was the interesting that was lower, some iphone users say the software fix for short battery life isn't working and issued an ios 5 update but messages are still getting complaints. apple says it's investigating remaining issues. in san francisco, i'm emily chang, back to you and have a great weekend. >> and looks like weekend, and today's rain, weekend looks good, right? >> well, yeah. >> and just looking and you can barely see the bridge there. >> that is right now. >> 24 hours from now. >> bring it on. bring it on. >> and things will be, i guess you can say improving. there is a live view right now looking over san francisco. looks dreary now and certainly it's a little wet in spots. and wetter in others.

keeping up with disruptive ceoes and technology, ibm's shows her insight at cornell tech. we'll bring you that conversation in moments. we want to get the u.s. markets, which was in about to -- two hour's time. very small movement. the major averages close at record closes yesterday. today, not so much. the dow is on pace for another record close. the s&p 500 earlier today could just put in an all-time high. these are very small moves. however, any green on the screen will mean new record closing highs. with the tiny moves, he probably won't be surprised to know today is the second smallest trading range of the year about five points after yesterday's very matching red below a day back in may. not a lot of conviction on the part of investors as to what is next. all the different factors from geopolitical tension to apple, little breather today. let us look at the big movers for the s&p 500. at the fact we see plunging 11%. senators are demanding a probe of the hat. plus, sale of the stock by executives. company's plan to aquire. chesapeake energy is up 7.4%. oil.ng a nice

in 29 minutes, space x ceoe lon musk wants to make it happen.e is looking to build an underground super high speed pod called a hyper loop that would connect new york, philadelphia baltimore and washington d.c. he says he has governmental approval but has not said exactly which agency. >>> happening right here on "good day philadelphia" break ing overnight a disable man shot and killed during an home invasion and his caretaker also shot, a live report when good day continues in two minutes. mom gets breakfast in bed... you get to do the dishes. bring 'em on. dawn ultra has 3 times more grease-cleaning power. a drop of dawn and grease is gone. >>> who shoots a man in the wheelchair? shoots him in the head. apparently two guys with two guns and he was not only victim in the home invasion, search on for gunmen right now >> i do vote to grant parole when eligible. >> thank you. >> o.j. simpson will soon be a freeman, a parole board grants him his freedom after an emotional plea, what is next for the former nfl

handled -- on the ceoe taking job, make sure your stock is not overvalued. >> what we've seen happy with -- happen with dupont. nelson wins again. >> she won the battle, lost the war. if she had welcomed him and, she would still be ceo of the company. , andought to the death again a not close and again i'm not close enough to dupont, but my sense is it looks like the board lost confidence on yet another earnings guide down. commitments and promises were made that were not lived up to very shortly after and it makes nelson look right and her look wrong and perhaps they decided to pull the plug. >> she did not work with nelson. are you working with him or on the same page at least? >> working with him, i would say we are both big shareholders. he has access to information we don't but i think our thesis -- are similar. >> does it give you posit some people believe heinz looks great, there is huge potential, but the possibilities are also -- already priced in. when you see a deal announced, you are super positive on 3g. when you see 3g and a deal, the market loves it but we had not actually

so is tesla ceoe lon musk. he said climate change is real leaving parises not good for the world. >>> landmarks lit up in support of the paris climate a court, new york city one world trade center was illuminated. big apple one of the 61 american cities with mayors vowing to stick with the accord and not just new york city, governor has signed an executive order to commit the state to abide by the standard that is in that accord. >>> boston's city hall was also a wash in green, cities mayor says he too stand with the environment, and that every effort will be made to accelerate boston's effort to become carbon neutral by 2050. >>> if you believe russian government was behind hackers in the u.s. election their president, vladamire putin says, no way, the russian president insisting yesterday that his government has, never been involved in any hacking of any kind. but the question, did private hackers, play a factor here? putin says, yes, possibly. president trump, also, he praised president trump as a frank pers

ceoe lon musk called the truck a beast and says it is worth seeing in person.ven after wraps come off the truck it could take a while before it is actually on sale. tesla hopes to reveal an electric powered pickup truck and in late 2018 or 2019. >>> if you have the need for speed the mercedes benz has the car for you. the auto maker just unveiled what it calls its future super car. the mercedes amg project one is hybrid with the top speed of more than 200 miles an hour the car hybrid technology is based on modern formula one race cars and that will come at a price though, it will cost about 2.7 million-dollar. >> wow. >> mercedes says it will only make 275 of them and they will be on the market fairly soon. >> there you have it. >>> medicare card are getting a make over to ward off identity thieves. starting next april beneficiaries will receive card with a unique new identification number, not just social security numbers that have been plastered on them for decade. criminals have been increasingly targeting seniors for medical identity theft, transition to th

ceoe: when i was the young the company came to me and said, you have to make a mark, do one boat thingg. i think if a ceo talks about one hing, build the stock. we have got to do it all right, just like the mayor is doing. technology right, culture right, people write, i have got to do it right in every country so i have got to get the whole mosaic. one thing people are going to say, i'm going to miss that son itch.b i am not looking for any other legacy. i am so proud of my company, by the way. we have unbelievable capability. i want to make sure it is one of the best banks in 20 years and i'm glad to be part of the place. megan: is there going to be a second act when you leave? any hint? said, one of my partner you need to do one last big thing. like what? turnaround g.m. for the government. i live and breathe j.p. morgan. it is for this company. i want to make this place that are and i will give it everything -- better and i will give it everything while i am here. if i cannot, i should not be the ceo. if you are going to be the quarterback or head coach, you have got to give it you

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five hundred ceoe 500 ceo's thay they choose doctors when they're in a real emergencyconso situation based on diversity considerations for heartsurgers surgery, let's say, or do they choose their doctors basedy on reputation and merit? andnow, this equity and diversy it's n nonsense, it's not making mak us better. it'sin not making us smarter.. it's not making a stronger oritm more united as a nation.r, weakr it's making us dumber, weaker and more divided. .the result, kids can't read or math teachers are afraidd to esh to establish objective obstandards, don't want to offee any parents and administrators at. those at vanderbilt those women can't be bothered to compose or proofread their own emails. no >> and remember,w, remembe thos? peabody sc dalitz represent vanderbilt's nextody school of education. in other words, training. the next generation of thinkerse talk about terrifying. beginnino there are some signs, though, that the system is beginning to break down. notice that some of the first positions being cut by businesses right now during this economic slowdown are the diversi

ceo -- ceoe bank john cryan canceling an appearance at the euro finance committee conference in frankfurtwhen to replace him at the event that is going to take place, and will be on the panel with the ceo of commerzbank. we spoke earlier to another man on the panel, from ing. it is a pan-european panel. john cryan is not going to be there. there is a lot of moving parts surrounding deutsche bank at the moment. we will see what is happening in the u.s. with the doj. a pretty important line for him to get solved at the moment. we will get some key guests from the conference of the later on, including one from the institute of monetary and financial stability in luxembourg -- financial stability, and luxembourg's finance minister as well. let's talk about banks. area.s a key john stafford joins us now, still on set. the banking sector in europe is a bit of a two-way street, in my mind. --itive influence potentially lower regulation, yield curve steepening up. we are going to see some negatives. we do not understand what is happening in italy. we do not understand what the regulatory story is

the ceoe you spoke to of msci.ll that he he really does expect that markets will continue to open after a steady and stable rate. the question was around the pace of that. closelypposite worked with the vice-chairman of securities regulator here. they receive strong support from this. also interesting to hear that the next focus in 2018 is looking are has to include mid-caps further down the line. also hope that this decision was welcomed and appropriate. expect itaying they could lead to inflows between eight and 10 billion u.s. dollars. >> good feelings all around it seems. i want to play for you part of our interview with henry fernandez when he talks about expanding the number of shares going into the index. support withstrong the proposal put in place. we were able to get stronger support to revise it to a larger number of caps. that was one thing that was important. >> how important is it? >> it is obviously quite significant that china is finally part of these benchmark indexes. he did note that it is also a

o but remember former twitter ceoe jack dorsey repeatedlymber denid that this was ever happening. h here he is , in fact, front testifying in front of congress back in 2018. >> watch this.to read i want to read a few quoteses. about twitter's practices.ell yh >> and i just wantat you to tell me if they're true or not. social media is being riggeds bn to censor conservatives. >> is that true of twitter? >>, i don't know what twitter is up to . it sure looks like to me that ad they're censoring people and they ought to stop it. are yoo stopu censoring people?. >> no. >>itter shadow banning prominent republicans bad is that true? >> no. well, now, just like clockwork, democrats and their adoring allies in the media arliees i suffering one meltdown after another and relentlessly attacking musk and weissr and . so ask yourself, why areats in democrats and the media so the terrified by transparency, scared of free and independent voices? so scare free anand so hostile e the answer may be simpler thanle you think. censorship is a tool used by the powerful against the powerless to suppres

ceoe carey ran directv as for many years. he obviously has good input.iverse team at the 21st century fox group. i think there's a lot of should you just merit as long as the deal is the right place. >> jason, a lot of people look at the timing of this offer and say, it is genius because 21st century fox has just completed the spinoff of news corp., time warner has just completed the spinoff of time, so they're very both clean, focused media companies. and at the same time, comcast is tied up with the time warner cable acquisition. at&t is tied up with directv. up with vodafone wireless. do you share that point of view of genius? >> genius. rupert murdoch has been building this business since 1954. >> 1954? 1954. he has made bold moves. he is one of the few newspaper titans to be able to transform into a very powerful for relevant global content play today. we like the fact they're willing to make old moves as long as they're very strong price discipline attached to it. >> let's say jeff fugate somehow comes out ahead here, that he persuades shareholders

general electric beat analysts' to ceoes, giving a boost jeffrey m l after some investors have grownouus on cell is will heart and still with us is david bianco of deutsche asset management. good news for mr. immelt. guest: organic growth was better than expected pretty much across the board, and oil and gas is not as bad as it has been. four quarters are pretty negative. it looks like sales are accelerating. david: and power and engines are good. up.n: yes, power is it is actually apples to apples, i power is picking up, but think the other surprise was that oil and gas prices were not as bad as they have been pure to sales were down 9%, may be down 21%, so that is a good. himselfid: jeff immelt says that is all about the internet of companies. muchyou think about how progress they are making on that site come on the tech side. karen: we get sales and orders, and they are all growing 15%, 20%. they are not making money in it yet or this could be the year that they are spending less than they are making, so it is an important here on that front. 130 $4 billion is hard to see, but the

the ceoe speaking with of the red apple group and owns a different kind of retail -- it is a supermarketin. he talked about how businesses in new york city are paying higher and higher rent. butrents continue to go up the tax issue is a big problem for small businesses. listen to part of what he said about how higher taxes affect businesses and individuals. >> the florida real estate people were celebrating that more and more new yorkers are moving down. it is like 400 families or people per day. >> because of the taxes? >> because the fear of taxes. taxes did not go up yet. they fear that it will rise so they figure let's get out of town faster. >> i don't know about 400 families per day number but there are two separate issues -- there is higher rents for retailers and number two, higher who are the wealthy large consumers in big cities like new york. >> you've got higher tax rates. new york has high tax rates but it's the best city to do business in in the world. number?u believe that >> 400 families per day? i have no idea. >> do you believe people are leaving new york to go to flori

>> the charles payne rule is that when a ceoes, and if the stock is up, that means the ceo who is leavestock is down, that means the ceo was good. have i got that right, charles? >> she was not just good, but tremendous. here's the thing. boards are not tough enough sew when there's a big fiasco, kick out someone, the market, you know, you get board thing from people who are not in the stock market. the fact of the matter is i think they overreacted. christine day, a big blow, the stock is oversold. it was a mistake. should have kept her. >> big drop, 16%. >> she did an amazing job, amazing job. >> all right. the very important story here. we've been hinting at it for years here on the show. we're talking about the back door bailoutompassed within obamacare. cities and states can shift retiree health plans to obamacare. chicago's mayor is already doing it announcing plans to move city retirees on to exchanges, subsidized exchanges to pass off $800 million in unfunded retiree liabilities. betsy mccoy, at the center of the story for years now is with us. a city or a state, they can't pay t

the ceoe first time also got a raise. going back to bonds, there's something that caught my eye. japan's longest bond, so basically joined the rest. -- 40 year yield tom: it is an interesting time here at -- interesting time. shahab jalinoos joining us. let's look at gold right now. we haven't done this chart in ages. this is one of my most famous charts. inflation adjusted gold. down we go, long-term gold declines. i am passing my book with a brilliant -- this. d of gold currency. go and here is this very quiet rebound. isn't that the end of the bear market? i do not have an opinion. francine lacqua does not have an opinion. james steel does. we'll talk about that later. there is the effervescence, francine, of gold over 30 years. francine: yet. a -- weat gold, we had had an exchange strategist facing it is all playing out in gold. shanghai, the stock exchange fell 6%. you need to see how you price risk and exactly what that means for investment and whether we should be more worried. let's get to our guest host for -- hour, he is rick like i he is rick lacaille. great to have yo

the ceoe worst since position changed in 2006.or is this going to be systemic? the flatter yields curve taking a toll on goldman sachs has less exposure to consumer banking versus bank of america. that stock down by 5/10 of 1%. if equities trading was better than estimated, but for bank of america, that interest income was slightly lower than net interest margins. the interest margins should improve in the third quarter. a lot of these issues that were transitory and should improve, we are also getting some readthrough on the deposit data. so how much they are going to raise the deposit base to attract customers. we are seeing a little bit on the asset management unit, not so much yet on consumer banking. that is squeezing the more so we have been breaking these down throughout the show. jeff hartehter, also of sandler o'neill. and michael pachter is still bearish on netflix. david: it is trading for about half of what it is trading for. here we are not going to get your placement for obamacare anytime soon. having counted the vot

cits now, nick wallace ceoe firm sayy the metrics that d.c.y rated for average commute timemm in minutes and the perce difference in commute timeence between public transportationrto users and drivers on those metrics it beat almost everyvery other city in the country. would you like to know the otheh cities on this list in the top e five.fi. >> yes. yes >> since we're fox5 we'll do tht top five. washington, d.c. number one.d. m other ones on the list, san francisco, number two. boston. chicago and new york city. >> wisdom, you know what thisw h says to me.yso me >> what does this say to you,, allison.so. >> this system has the potentiai to be great it.at i >> has so much potential.. >> i got to be honest. honest. what i hear about this violenceo somebody getting shot. >> oh yeah.>> oh yeah. >> it's a train.s tra there's more than one people ono assume on the train.he tin >> right.ht >> it has the potential to beal great. something needs to change d.c.. in the area deserves a betterdea system. i deserve to be able to get onat there and feel sa

ceoe is a risk if you are a or a coo, you have an inbuilt risk of brexit word trade. -- or trade. --stic, analysts are too optimistic. consensus has about 10% earn dust earnings growth next year. scope.s no nejra: i was reading a story on the bloomberg saying analysts arc cutting their estimates -- are cutting their estimates. typical.it is i think it is a worry that you have this phenomenon. expensesthrow all your in and the guidance will be questionable given the backdrop. the last four earnings seasons for the u.s., the s&p has fallen. has not performed well. nejra: the point you make about companies hiding behind trade seek outt, how do you the companies to buy or sell? patrick: we are looking for laggards. companies are trading on 10% to 20 per -- percent. aversion moment in yen revenues. u.s. health care has political risk and is trading in multiples below the s&p 500. if we get a democratic president , rhetoric will be harsher than policy. forink the worst case is the health care stocks. nejra: great to have you with us for this hour. bloomberg "surveillance" continues in the

lufthansa ceoe to in berlin. >> short-term we tend to be hedged in a better way than most competitorsrs. will be goodices for the industry longer-term. >> that is your bloomberg business flash. tom: thank you so much. single best chart. this goes to international investment. we steal a chart. this is a chart. nejra: what a date to be alive. tom: this is the j.p. morgan asia index. they are doing better than the emerging market index down here with nice delta. this brings up the idea that if you're going to be in international investments, you have to hedge currency exposure. i think that's a great way to lose money. >> i agree with you. you have to think about your portfolio and decide whether it is important. if you had a choice to hedge your emerging market currency exposure, you probably wouldn't at this juncture. dollar strength has been the theme for the last couple of abate andnow going to we get a weakening trend. the whole idea of having a global portfolio is to blend all of this together and deal with the cyclicality of emerging and developed markets in a cogent way. nejra: d

we will give you a sneak peekco, including chair, the milwaukee and the president and ceoe.now. c-span, your unfiltered view of politics. ■d>> on thursday, tune into the cnn presidential debate simulcast live on c-span2. watch asre biden and former president donald trump face off as they try to earn your vote ahead of the general election. our coverage begins at 8:00 p.m. preview of what's to come, and then at 9:00 p.m. ea our simulcast of the cnn presidential debate. following theebate, stay with c-span as we take your calls and get your reactions to the first debate of the campaign season. the cnn presidential debate simulcast live at 9:00 p.m. eastern onv■■> c-span, c-span nr online atyour unfiltered view of politics. xzíp>> c-span is your unfiltered view of government. we areby these television companies and more, including midco. ♪>> midco supports c-span as a public service along with these other television providers. giving you a■democracy. st:n on the biden administration's policies on immigrati,

co-chair, ceoe and founder of farfetch. zuma versus the anc.the impact of the south african president's standoff with his own party. we are live to cape town, next. is bloomberg. ♪ francine: this is "bloomberg surveillance," and i'm anna edwards. let's talk a little bit about oil. ve alwaysits allies ha achieved their goal of clearing and oil glut. but their efforts could be derailed by the united states and other rivals. crude has rebounded and is trading $59 a barrel after falling 10% last week, dragged it down, and then bouncing up once again. with more, we speak with emery boar. why isn't oil rallying, then? i guess, it's being treated like a risk asset, isn't it? u.s. futures are pointing down. reporter: exactly. over the last two days, with some risk assets be swept up a bit, but not so much for oil. you would think that with the i.a. save the glut is almost clear, we would stabilize prices, but it is going to be shale versus opec. the shale company is able to deliver even more now as we have those recovering prices and opec production is

until productivity goes up, wage also probably remain muted profrnlgts du >> jurrienf fshgjurrien, if ceoe confident, won't productivity go up we'll let the dreamers stay. the population will grow people worry about that and think we can never get above 2%. don't you think productivity can come back? >> sure. you know, potential gdp growth, the speed limit of the economy is the sum of productivity growth and labor force growth. having immigration is a good way to grow the economy. absolutely all the western -- all the industrialized countries have a demographics problem so you need to boost your population one way or another, whether through birth or immigration. it's a slow-moving thing productivity the same thing. if taxes are cut, regulations are cut that should potentially boost productivity unless you do one or both of those two, you will be stuck at 1.5, 2% real gdp growth. you need to do something structurally to raise that limit, and it comes down to those two things >> okay. thanks, jurrien, david guy, thank you for being here. >> i'm staying i'm not going anywhere >> i know that

andrew keane is an independent trader at the ceoe.trades with citi, jpmorgan, bank of america and goldman sachs. so what do you see for the financials today, andrew? >> the financials are a little lower. they're not down that much. jpmorgan is flat, ge is flat as well. it's interesting to watch the volatility. we saw the vix hit 20. even went under 20. went to about 19, 20. i'm watching the volatility. goldman sachs, they report earnings later this mon on january 22nd. should be interesting to see what the volatility does going into earnings and what the volatility does after earnings. >> outside the financials, which obviously are important just because of their sheer weight in the overall market, what group really sticks out in terms of the likely to be a lot of activity today? >> well, the thing i'm always watching is gold and the dollar. they have an inverse relationship on each other. whenever gold rallies, the market rallies, which means we will keep interest rates low probably the next year than affects financials. basically, w

. >> we are talking about the top three kerns of ceoes is secret service, overregulation being the topcal uncertainty across the globe. a lot of things suppressing growth. >> the reality is every business right now and for that matter government is worried about a myriad of things. china clearly, an economy that is in transition, you have to also get into the details, what's happening with the state owned enterprises the consumers. those are two different stories. you get into the issues of oil, you guys just talked about that a couple seconds ago, you get into some of the geopolitical issues and i will call it the political issues in general. the number one issue that was talked about in davos is our political issues going on right now. >> the u.s. companies, specifically u.s. ceos, what's the level of concern about the political uncertainty/paralysis in washington? >> it's pretty big. there's en certainty in terms of what the various candidates are saying and implications and how we will operate from a global perspective, what will happen in terms of trade and cap issues. >> let's pu

earlier today, vonnie quinn ceoe with the keen groune group and asked about the permian boom. >> it is call a boom with oil prices in the range of $50. and makes it economic to spend capital drilling. we will look for it to continue to grow over the next two or three years if oil prices stay stable. vonnie: we have a new president and administration. rex tillerson and rick they are part of administration. what do you hope comes into play? >> we will have to watch how it plays out with the new so aretration vonnie: you just waiting to see? is there anything that would benefit the hydraulic fracking industry? >> the lower corporate tax structure could help. vonnie: talk about the oil and gas. we have been does talk about the oil and gas capex. we have been waiting for it to turn around. >> the spending in the u.s. is generating% to 30%, new activity and creating a lot of demand for our completion services business. on end everyone says a lot of capacity has exited the market. even private equity firms say the same thing. but some say not as much. what is your take? have we seen a massive

ceoe think that the portion that that the porsche ceo is the right person?ons: there has been a lot of emphasis on the personnel aspect of the story. we do believe it could be matthaeus mueller. if you think volkswagen needs to follow bob dylan's example and go electric, matthaeus mueller may be the guy to do it. but on the policy side -- and i think that's more important -- i think we are looking both forward and backward. forward in what volkswagen wants to do. how are they going to compete in america, globally, and how will they clean up this regulatory mess? looking backwards, hopefully we will get some numbers on where they are, what sort of exposure they have, what they may be setting aside, how big of a challenge and how deep of a hole they think they will have to dig out. i am moreys interested in the policies. francine? that, theon provision, 6.5 billion, it is unlikely that will be enough. more research says they will have to put aside more. this is a huge scandal. : we have 27 states attorneys general, potential criminal liability in the states as

well, when tesla ceoe lon musk is involved.he use of the world recall. phil lebeau is live in chicago with more on that. >> basically what it comes down to is that tesla had a remedy, a fix for the charging station. basically sending a new adapter to model s owners and it was listed on the government website for all recalls, therefore, it's considered a recall. musk is saying, look, we're not telling people to bring the vehicle is, in model s. it shouldn't have been called a recall. that was part of the news yesterday when he joined us on the "closing bell." another part of the news is he said tesla is on track to build 800 cars per week by the end of this year. he sees model s demand growing in europe and china sales are just beginning. >> we expect to start shipping -- putting cars on a boat essentially in about a month. and then we're hoping to make our first deliveries in china in march. not 100% certain but hoping to do that. i think towards the end of this year we'll see very significant sales in china. we're seeing a tre

. >> the head count to hundred the ceoe and we will -- spoke exclusively to bloomberg at the company's> we will have to go to the capital market to have to show what we have. during the last two years if you heard about ferriday it was mainly about the challenges. at least i heard it from outside. but if you come here and i think you have the chance to see it today, there so must substance here that comes to technology, to the product and to the business model. and this we have to communicate we have to make people understand that this is the most advanced start up company of all those new companies. >> you noted the issue of fundraising. what is the situation. how well-capitalized is faraday, and whats do you need we you get them? >> that is a good question. you have to understand what is going on now in the capital market. if you look back you know i built a unique company three years before. >> and we will talk about that, course. >> three years before an accelerated. if you had a powerpoint presentation at a big vision, you could get a couple hundreds of millions even billions this