abigail: yeah.n make it even better, but if you flop, people will say you were not really qualified for it. so how do you measure the differences? abigail: those are two really different things. certainly, i watched my father taking fidelity from a boutique to a broad financial services company. also my husband has been through three startups now, so i have certainly experienced vicariously the startup world through him. and then, versus my own experience, which was, by the time i started at fidelity full-time when i got out of business school in 1988, we were probably up to, oh at least 20,000 employees, something like that. with a big company, you have got that big thing up and going, you . you have the machine in motion, but there is a different kind of need to first of all, make sure that you appropriately find and manage small problems so they do not become big problems that could potentially really mess things up for you. also, with that perpetual motion of a legacy business, sometimes it is h

abigail: it has happened. [laughter] abigail: for sure.chance of that is zero, i assume? abigail: i haven't been -- i think, david -- by the time i came along, all the investment bankers had given up on making that pitch because they made it to my father so many times and it never went anywhere. david: what is the reason why you don't want to take the company public? abigail: as with a lot of things, there are trade-offs. so i would say the first thing that my father always said is, we do not need the capital that going public would bring us. so if we don't need the money, why would we go ask for it? i would say beyond that, it is nice to have the flexibility of having financial accountability being a little tighter. so for example, we do not have to go through the practice of reporting publicly our quarterly earnings. that is explaining the earnings to a broad audience. now we do watch our earnings very carefully, because it is all of our money that is the capital base of the company. so don't be confused, returns matter. they matter a lo

>> abigail: i know.ut i-- he just has this way of getting under my skin. he makes me so mad, and then knowing what he did to andre makes me even madder. and of course he goes and denies that he ever hired a woman to dress up like gabi, and i know he's lying. honestly, i think he was getting ready to tell me he knew who she was. i... [dramatic music] ♪ i don't want to lie down. i refuse to lie down. why suffer? stand up to chronic migraine with botox®. botox® is the only treatment for chronic migraine shown to actually prevent headaches and migraines before they even start. botox® is for adults with chronic migraine, 15 or more headache days a month each lasting 4 hours or more. it's injected by a doctor once every 12 weeks. and is covered by most insurance. effects of botox® may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness can be signs of a life -threatening condition. side ef

abigail: yeah. so we have a family foundation, and we have got a terrific staff at our family foundation. and i worked informally with them. other members of my family, my mother, my siblings, and of course my father, who is the main driver of it for so many years, are all engaged and working with a very competent staff to make sure we are giving away lots of money. david: so when you go out to dinner, let's say in boston, do people come up to you and say, well, how about this philanthropic thing? or they don't recognize you, or they do recognize you? abigail: they mostly don't recognize me. sometimes i cannot get a table. i often cannot get a table, so i don't eat out that much. [laughter] david: but do you ever tell them who you are? maybe you get a table? you don't do that? you don't like to do that? abigail: no. david: not your style? abigail: it doesn't happen. ♪

abigail: this is pretty interesting.t is actually the spread between the nasdaq 100 and its 200-day moving average brady goes back to 2011. when you recall the big rally out of week 2 from 2010 into 2011, at that point the nasdaq 100 was about 18% above its 200-day moving average. overbought. and august 2011, we had a big correction dipping back down. similar situation here. mussununga so long ago we were 60% above the 200-day moving average, now getting closer to the 200-day moving average about 4% above. if we do anything similar to 2011 are any corrective time. periods, it could be overbought. apple is a piece of that. missing that shipments, apple right now on pace if you can believe it for its worst year since 2008. that is a piece that some investors are forgetting about. weisenthal tweeted today the dow is moving in 100-point increments. seeink i really do want to you do one of those hashtags and emoji's up your analysis using the tools of modern society. fomo for example, why not? #fomo. abigail: i sent out a twe

this is bloomberg. ♪ abigail: it is time for options insight. i am abigail doolittle. kelly. things were taken the time as always. more volatility. earlier we had stocks early -- higher. the nasdaq up more than .5%, now all the major averages lower. more of the same what we had the last few expected what you think is going on? kevin kelly: i think it's interesting we look at the options market. it shows you volatility will be here to stay for the next 30 days and that is because the vix is higher than its three-month indicator. market that is a painter's are seen volatility will be low between months from now than it is today. that is an inverted vix curves. you don't normally see that. that rarely happens. a less time we saw that, you have to go back to november, 2016. it takes a while for these things to play out. another thing to play out, you look at v six, the volatility of volatility, it has really spiked out, above its historical average of 121. we have not seen the number 177, even back in 2008-2009 volatility came rolling back during the crisis. vvix number th

abigail: i never felt any pressure to.your father say if you worked hard in 20 or 30 years, you will be the ceo? abigail: he was not the guy to make promises to anybody. david: what do think investors mostly want? abigail: everything. david: was it complicated growing up with your father and family being famous? abigail: we were not famous at all. i mean this was the equities market in the 1970's, david. david: as you look at what your future will be? abigail: i think this is the moment that i have been waiting for.

abigail doolittle is with us. what happened? abigail: truly all over the map. today blue apron up 25% and now up about 5% and investors trying to figure out what happened. they beat revenue estimates interestingly less than 1%. this country has been really having a hard time from its ipo last june. investors are taking anything that they can get really in case of lowered expectations. we see the stock down from the ipo down 66%. the ceo did signal that perhaps the worst was behind them. the big issue is the fact that the company is bleeding customers. at the end of 2017, they had 746,000 customers. that is about 100,000 last and what they had in 2016 some numbers and not going in the right direction. they are really making attempts to cut costs, especially around their marketing costs and they are bringing those into line. food costs under control so maybe things will really turn around. i personally have a hard time imagining wanted to use a food delivery service. i know other people have used it. have you used it? vonnie: i've not, but you actually have to co

emily: abigail, thanks so much.hen it comes to the sheer amount of global users, facebook reigns supreme, but it is not a completely rosy outlook. a new report shows facebook is losing ground to snapchat in the teen demographic. facebook is set to lose 2 million users under the age of 25 in the u.s. this year. snapchat is set to gain nearly 2 million. here with more, principal analyst and marketer and activate ceo and my guest post for the hour. deborah, let's start with you. what did you find and how do you come up with this 2 million number? deborah: as you mentioned, facebook is set to lose 2 million users under the age of 25 this year. particularly in the teen demographic, 12-17-year-olds. we have seen some of the declining usage there over the past year or two, but the decline has steepened quite a bit this year. for the first time, we are also seeing a decline in usage this year among people 18 to 24 in the u.s., and people ages zero to 11. we know facebook isn't technically allowed for that age group, but we

abigail doolittle is with us. -- abigail: we did

abigail: great insight.y appreciate all the insights you brought to us around the chart of the futures market. very helpful. from new york, this is bloomberg. ♪ >> welcome, from bloomberg world headquarters in new york. shery: this is "bloomberg markets." the selloff continues in equities after the worst week for global stocks in two years. we are seeing the dow falling more than 1%, the lowest in a month right now. the rally in tech is helping a little bit, but not enough to green. index in the energy and health care stocks are leading the decline. 500 is down 1/10 of 1%. natural gas, wti, all falling. nasdaq is down 6/10 of 1%. take a look at what the dollar is doing. the risk appetite, remaining surprise that the dollar is getting a leg up, up 3/10 of 1%. we are seeing the 210 spread widening for the third consecutive session, though the selloff in treasury seems to have halted for the time being and we are seeing a bit of a bounce back. the emerging markets index is losing more than 1% and is at a three-

abigail: upstate there are. shery: i haven't seen them in new york. abigail: sidebar.this extends beyond dollar tree -- so many other companies are affected. abigail: you had target, kroger, walmart finish down. yesterday you had big up to. -- uptick. interesting point -- you have a snapback rally with the names today as well after trading lower today -- or yesterday, excuse me. this is a valuation point. 8752.ican --g #btv valuation has been higher. even knowing might not eat into the revenue -- even though it might not eat into the revenue, there is an overhang. shery: still, president trump's budget proposal only a proposal right now. he could be dead on arrival in congress. abigail doolittle, thank you so much for that. david: coming up, michigan congresswoman debbie dingell -- what she says about diversifying the economy and taking the auto industry to the next frontier. live from washington and new york, this is bloomberg. ♪ shery: this is bloomberg markets -- balance of power. i am shery ahn in new york. david: i am david westin at the goldman sachs 10,000 busin

abigail: i never felt any pressure to. father say if you worked hard in 20 or 30 years, you will be the ceo? abigail: he was not the guy to make promises to anybody. david: what do think investors mostly want? abigail: everything. david: was it complicated growing up with your father and family being famous? abigail: we were not famous at all. i mean this was the equities market in the 1970's, david. david: as you look at what your future will be? abigail: i think this is the moment that i have been waiting for. >> would you fix your tie, please? david: people would not recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪

abigail: interesting point.n the one hand, we have the company and the iconic, wonderful products, that iphone x that tim cook is so proud of, and the average selling price did rise for apple. those a plus. on the other hand, we have this stock in wall street dictations. sometimes there is a disconnect where it gets a little ahead of itself and they bring back estimates that did happen here around apple. and it was not quite enough. we have discipline and for investors that the growth they had been looking for not quite achieved, puts the outlook for the march quarter not quite enough. there sometimes can be a little separation between expectations and what the company performs. if we look at the technicals on apple, this helps to complain it away. while the company has great products, the street had bigger expectations. this is a one-year chart relative to the moving average. the buyers had been in control. on today -- in today's selloff, the sellers are starting to take control about on a one-year basis. it is

that was a great summary from abigail. i am glad she showed some of those charts. are looking at an irishman who's a little irish brain has followed billions, busts, bubbles, crashes, corrections for 35 years. i will give you my current perspective, what i have never seen in 35 years was what happened last year. it was a year when markets went up 12 months out of 12. they did not correct more than 2.5%. i have never seen that. feeling there would be some consequence for this period of unusual calm. what comes next? the markets in a legitimate bear case, which i disagree with, -- we haveies to the an indebted u.s. country. we are putting on more debt. we are no longer having a federal reserve willing to finance it. the market is trying to figure out what are interest rates going to do. at the short end, they have made a big decision. people spend a lot of time looking at ten-year bond yields, but look at 1, 3, 5 year bond yields and they are all breaking out to 10 year highs. we have an interest rate cycle coming. every market cycle i have ever watched struggles whe

abigail doolittle, give us some more context year. abigail: has been a roller coaster day.e opened up at 1%, and then the dow is down by 2%, the s&p 500 also down almost 2% and then up looking at we are modest gains. the moves up and down are consistent with what we have seen all week. investors have been wondering what is next with the selling action that started last week, bleeding into this week. this chart indicates the intraday volatility we are seeing for the three major averages. last year, it is worth noting we had a slow melt up, the complacency, very small intraday moves, very small buying action on the day that took the major averages higher, and now we have these absolutely huge rise wings -- price swings on the day. oncenday, the dow down at 1600 points, closing at 1100 point. today's swings are consistent with what we have been seeing, especially with the volatility and investors not knowing what is next. this is also shown in the sector composition for the major averages. if we take a look at the imap or the s&p 500, earlier it was red, now it is green. utili

abigail: i never felt any pressure to.say if you worked hard in 20 or 30 years, you will be the ceo? abigail: he was not the guy to make promises to anybody. david: what do think investors mostly want? abigail: everything. david: was it complicated growing up with your father and family being famous? abigail: we were not famous at all. i mean this was the equities market in the 1970's, david. david: as you look at what your future will be? abigail: i think this is the moment that i have been waiting for. >> would y

abigail: i never felt any pressure to.if you worked hard in 20 or 30 years, you will be the ceo? abigail: he was not the guy to make promises to anybody. david: what do think investors mostly want? abigail: everything. david: was it complicated growing up with your father and family being famous? abigail: we were not famous at all. i mean this was the equities market in the 1970's, david. david: as you look at what your future will be? abigail: i think this is the moment that i have been waiting for. >> would you fix your tie, please?

abigail: you are right about that.nd his e-commerce business that some are saying maybe they will sell that offer about $2 billion. than they have this medici ventures. if we hopped to the bloomberg and take a look at 3900, we can see just how right you are. in white we are looking at overstock.com. last year, flatlining with bitcoin. late in the year bitcoin took off. overstock.com took off. and it is almost a proxy or trading vehicle for crypto and bitcoin. bitcoin does look like it have been more upside, let's say 11,000. the technicals are pretty bearish over the longer term. it could really pull back. shery: no wonder we are getting the high bearish short interest. abigail: more than 30%. not everyone is a believer on this. this is a stock persimmon who has a stomach for volatility. david: charlie munger saying bitcoin is asinine. shery: abigail doolittle, thank you. avid: we may not hear about enforcement,ation but it turns out they are issuing less press releases that it did under the last administration. you to

abigail, that is the stock of the hour.ing to robert kaplan at the banking series in frankfurt, kaplan gave his take on the recent market turmoil. >> for lack of a better word, that has been abnormal. there have been some market mechanisms the need to be looked at in hindsight, but i think that more volatility in the markets, maybe addressing some of the excesses and imbalances by having a bit more volatility is probably a healthy thing. i will be watching carefully to make sure that it doesn't transmit, so that financial conditions are over the economy. >> this is one of the things, tom and i chatted before we did this. push before the effect. where and how quickly might that manifest itself? in many ways people coming into the old studio say that the fed has a loose backdrop and can afford to tighten a little bit more. >> i'm watching for investment grade and high-yield credit spreads. other financial products, to see whether, for example, credit spreads are widening, gapping out, or if there are credit spreads in other m

abigail: your chart, take us through this.nathan: this is one of the reasons we are fairly constructive here, talking about volume, or lack thereof. on the bottom is what is called on balance volume. if the day is an update, take the volume and add it. if it is a down day, you subtract it. gives you a good measure of how the volume is tracking. you can see that that made a new high, recently, even though the s&p has not. the volume profile is rather good. if you go back to that august 14 balance the -- on volume it was a much lower high and a much weaker profile, so we think the volume picture bodes well. abigail: you think that the. of congestion is likely to break, ultimately? jonathan: we think there are good odds that we could see new highs. and there have only been two years in history where january has made the all-time high for the year. at least you could see a higher high, later in the year. abigail: another good fact. what about momentum? jonathan: we like to look at the longer-term momentum indicators. what we like

abigail doolittle, thank you so much. let's get more on the markets as abigail was telling us.ue to see that selloff deepen in the afternoon session. toning us to discuss is global strategist, michael purvis. thank you so much for talking to us. will we see the bottom as we continue to break major support levels? we are cracking through the 100 day moving average i now. now. right if we continue to sell for this, we will get to the 200 day moving average in short order. that is another 3.5% down from here. i want to back up and mentioned something. thefact that we are holding 100 day moving average through this massive volatility shift, and being so heavily overextended prior to the january 26, we were two standard deviations above the 100 day moving average, this should be expected. certainly, psychologically, it feels ugly in your stomach. we have all been steel to this extraordinary low volatility. a dip of something that happened on the way to get a cup of coffee, you missed it, and then you got back to your desk. his is more of a normal old-fashioned dip. it does not mean

abigail: and finally, cisco systems.is consolidation coming into play, and there is something to buy when the market goes down, and this is an extraordinary 15 year base that cisco has emerged from. we had that incredible drop in 2000, and we can argue that it has had enough time to repair, and a new structural oh market is in play in the system. abigail: may be a pullback for the broader markets. you. you so much, back to julia: more to discuss from new york. this is bloomberg. ♪ the death toll from a magnitude 6.4 earthquake in taiwan has risen to seven. rescued sohave been far from buildings that have toppled, but dozens more remain unaccounted for. military personnel and volunteers are helping with the search. rescue operation was based on twitter, writing that will not rest until all are found. press secretary will resign after it was reported that he emotionally and physically abused his ex-wife's, and porter called allegations outrageous and simply false. defended porter, calling him a man of true integrity and ho

thank you so much abigail, that was terrific. with former treasury secretary larry summers and talked about trade and the role of the united states in the world. i think the question misses what is the single most important point about trade which is a win-win game. both doing well, so i can't answer a question in terms of who will win nor would i want to. what i can be sure of is because there are far more americans who --k using steel and aluminum producing steel and aluminum, that it is successful in protecting the american market and raising the prices of aluminum and steel is more sealerto be the next job then creator. where does that take the country in terms of economic leadership death in fact the united states moves in that direction? there are mixed signals coming from the administration. this treasury secretary says the president is open to starting talks about entering cpp. i think the united states has had a remarkably good 80 period since the end of the second world war. i think our commitment to building a truly gl

abigail doolittle is here. abigail: we were down for the major averages.e of 1%. not so long ago, we had small declines for the major averages. indicting 13r is russians and three companies for meddling in the united states election. some uncertainty created. what will ultimately come out of that. we saw volatility for the major averages. the three major averages up 46 state in a row. for the dow, the best major winning streak of the year. the vix, up slightly. here is we -- where we are seeing the pressure from the mueller indictment. facebook is down 1.4%. , facebook, mentioned relative to the indictment. facebook was used by metallers. maybe there wasn't enough regulation? that could be ahead. we are looking at huge weekly gains. let's hop into the bloomberg. the worst week for the major averages since early 2016. the nasdaq in white, up more than 5.5%, on pace for the best week since 2011. a big rebound rally. when you see violent moves like oft, it suggests more the same is ahead. this is a combined weekly flow analysis of jnk and hyg, two junk bond e

abigail: you are right about their -- that.y started banning those sales after sandy hook from the main dix stores, but these are from stores, but now they are removing them from the field and stream stores. a quote from the ceo -- so, clearly, this after the parkland tragedy. this is pretty big. two points to make, the first part of the press release was to be expected, to some degree, talking about how they would be banning the sale of assault style rifles and imposing an age requirement of 21 on all .irearms, among others the second part, the company is imploring congress to start restricting the sales of these assault style rifles more broadly. age requirements, mental health checks, that's a bit of a change, considering the ceo is a registered republican and gun owner. it shows a new open-mindedness after the strategy -- this tragedy. vonnie: the president is saying one thing, we are not getting much action out of congress. the longer has to the tragedy at goes, the less of a purpose there is to doing anything on this. leg

here to bring us highlights is bloomberg reporter abigail doolittle.gail: we've had a lot to report on. today really wild on the open. we had major averages down more than 2%, then whip sawing between gains and losses on the day. and the rebound rally at the end of the day, snapping up the high-quality names like apple, amazon, micron, nvidia. that fear of missing out. the question is whether or not we will see the buying power last because the technicals are a little shaky for the major averages. plus, if we look at the major averages from the peaks, they are still down about 5%. at that point, the sellers are in control. a little bit of relief for the buyers today on the day, right at the end of the day. emily: is the volatility going to last? abigail: it may. if we hopped into the bloomberg and take a look at this chart of the nasdaq. first of all, let's walk through today. this is today. you conceal these whipsaws. the morning on the open, a lower low, suggesting that maybe we were going to be pummeled once again, but then the recovery. the questio

this is bloomberg. ♪ julia: it is time for a thin abigail doolittle. abigail: thanks.now is an options strategist at interactive workers. thank you for taking the time. intraday terms of the reversal's we have seen this week and the volatility in the last couple of weeks, what do you make of this? >> today, by surprise. yesterday's move was a classic reversal. higher highs, and we woke up this morning as though nothing happened yesterday. it doesn't surprise me that we've come off our highs a little bit here that would follow what we have seen. market may be trying to consolidate some of the moves we saw but that means you get a lot of trading opportunities and it means that volatility remains firm because volatility is intraday. if you are getting big swings, there are a lot of trading opportunities and it helps to thefor the opportunity -- volatility. >> we were just talking about rates. it seems similar to when oils when up and stocks went up and we see different correlations, whether it is the yen, and rates go up and stocks go down, so how long that lasts? >> it l

abigail doolittle is following it. abigail:. another roller coaster ride, earlier up more than 1%, and then down more than 1%. right now we are down about 1%. the volatility we have seen all we continue. this started last week, major averages put in their worst weekly performance since january 2016, extending into this week. let's see this five-day chart of the doubt. this is monday, where stocks were holding in, and then all of a sudden at the lows, down 1600 points. buy the did action, frenzied buying, resulting in wednesday being flat. now we are whipsawed, but we just put in a lower low. that tells us the sellers are in control. year, we had that big rally for the major averages, climbing , climbing, a slow melt up. we have seen lots of small swings on an intraday basis. february, look at these massive moves for the doubt. that continues to build. volatility breeds volatility, so this suggests we are likely to see more of the same. in terms of the big names dragging, we are looking at high-quality companies, boeing, 3m, walm

abigail doolittle is with us now. abigail: the stock is getting hit on this report.s has 31 brands that they own or have relationships with. it was not huge, but it's more part of the trend. let's look at the earnings function in the bloomberg because this is the fifth quarter that they have missed in a row and we see this here in the terminal in the bloomberg. but ones lines represent the actual etf put up so they are dismissing time after time. if we open up this graph, we going to see that this is the stock and white. these are the earnings projections. the company cut the forecast last year in a big way. interestingly the stock has been falling off more recently. the earnings estimate for this quarter that was just reported already kind of flatlining. the stocks have been telling the story and a big piece of this is consumers moving away from dairy and moving more toward soy and allman built -- almond milk and those products. brandon nooks not as popular some not surprising so companies are having a tough time. vonnie: how does dean turn this around or what is th

abigail: we have major

vonnie: abigail doolittle, thank you. coming up, we have bloomberg etf iq.irst show focused solely on etf. it features bloomberg intelligence, data and industry analysis. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ scarlet: i'm scarlet fu and this is bloomberg etf iq, where we focus on exchange traded funds. ♪ scarlet: are passive funds looking to engage? taking up the issue of gun violence with weapons makers following the florida school shooting. vanguard goes where it has never withbefore, and we speak john merrick's about why the firm is making the leap from plain-vanilla passive index funds. and technology takes flight.

abigail doolittle joins us with details. with a lot of competition. >> right now, getting whacked ahead of the earnings report. the stock will move by 22% up or down. it could be up going against today's action -- the stock is having its worst day. relative to the possibility of upside, earnings have been revised down many times. we can see just how much this company has been hit by competition. spotify them apple music -- this is the earnings estimate graph. we see in white the stock going with the earnings. investors are looking for nine cents per share. estimates are coming down. what if they put up a surprise -- two years ago, investors were looking for $.20. lisa: we got the announcement of the restructuring plan last month. what details do we know already? >> restructuring plan is a coat for plan for profitability. users continue to slide. we look at pandora subscribers, this is pretty remarkable. back in 2013, they had 73 million subscribers. they were going in the right direction. they flatlined and spotify and apple

abigail: incredible, the power of bloomberg right there.,he 1971 peak is about 10 million barrels. we are basically seeing a big ramp and u.s. production and that is what investors are worried about going forward. that this supply can rebuild in the next couple of years. that's pretty incredible. what is the crowd doing, relative to the speculative on the futures? risk we have seen this off, risk on trade in the market. to some extent, crude has followed equity markets in the last month. abigail: we have a chart of this, too. speculatoris positioning in the futures market. we have seen a new record high in net longs. the thing is, usually, you see the run up during the crude production cuts out of opec. people were longer and longer crude on the rebound in the last year. this tends to drive the price of the commodity on the margins. if these speculators begin to unwind in fear of this production coming online in the united states and these record production levels in the united states, we will likely see crude dropped back into the panel --

shery: abigail, thank you. teva is the stock of the hour. this french wine company is pushing shares higher after it reported earnings last week. the company is in the mix of a management reorganizing and is capitalizing on demand in china. what do the chinese like drinking of your stabler drinks? >> they are extending their repertoire. partnership. platform hasting more investment behind the brand. we are planning to grow our premium brands. all to double digits. shery: there is a new year holiday starting this week. what are you seeing? gilles: we are confident it will be a good year in china. to in the united states, you are having more trouble when it comes to absolut vodka. what are you doing to improve the situation? it to groom 4%, 5% in the last two years. 4%, 5% in the last two years. i think we are doing the right things. we are creating more units, more innovation. vonnie: is what happened a little while ago in the beer industry. cirac vodka is a competitor to yours. you have massive sales of a tequila brand right now. not only be

david: thanks so much abigail.ker paul ryan has issued a statement on the release of the devin nunes memo. he says the memo is not an indictment on the fbi or the justice department. he says it does show that civil liberties may have been violated. shery: coming up, a conversation with gary:, that is next. this is bloomberg. ♪ shery: will come back -- welcome back. a snapshot of the u.s. economy is better than estimated, 200,000 new jobs in january, the unemployment rate holding steady. the trumpjoins administration's views of the report. mild backup of treasury yields, but look at what is going on in the economy. look at what is going on in growth and corporate earnings. that is what is driving the economy and where putting more disposable income into people's hands. also have to understand what is going on in the 350 companies that have given out bonuses. we are putting more disposable income into the system, the economy a solid. --have seen the fed forecast i don't know if we will be near that, but all indicatio

vonnie: we are back to november levels, abigail doolittle, we will be keeping an eye on every tick.g they are poised to pass a bipartisan budget deal, but the bill might run into trouble. at the house nancy pelosi expressing her concerns, with a speech that lasted eight hours. we are joined by kevin cirilli. is there any possibility that democrats and the house freedom caucus might kill this bill? know. we just don't ultimately, a version of this bill will pass, avoiding a government shutdown, and this be a second government shutdown this year alone. i spoke to sources close to the freedom caucus and becoming this is fiscal irresponsibility. the question becomes if there's enough members to significantly derail this. i can tell you that senator john orman has said publicly that the senate is expected to take up a vote upon its bipartisan deal sometime this afternoon. would kick it back to the house of representatives where they have to do this. deficit hawks in full force saying this bill busts through the budget cap, they don't like it, they think it is too much government spending

they asked david ray for more protection at the school and abigail asks for doors and windows not made of glass and an asking resource officer on site. >> i am begging you please let us have protection at our schools. i don't want someone coming in and hurting kids. >> abigail was scared after the school shooting in florida. >> they are looking to see how much it could cost to arm someone in every school in the county. >>> dogs brick a lots of joy to the lives of their openers but some dogs touch the hearts of total strangers in the form of therapy. david muir tells the group in florida how to send the unique gift of love to those hurting in parkland, florida. >> they are the team loaded up and ready to go. hanna, toebias and ruthy in the back there ready to serve another community in need. part of a fleet of comfort dogs sent to florida. they are tweeting the therapy dogs are on site at the dispatch center to help our dispatchers. >> they are volunteered with the lutheran k-9 church dog ministry. >> today we started going to elementary schools and we plan to do this all week. >> the g

great to be back, i was hoping you would call me abigail. [laughter] going.ple tuning in our going, what? when you left twitter and start chorus, you approached hiring differently than most ceos and said i'm not going to why did youypg d do that? 50% acrossto keep it all engineering, because when you fall behind, which is common knowledge based on gender and diversity studies at comes out from all of these companies -- once you get behind on things like gender diversity in your engineering team, it becomes frankly impossible to catch up. have women engineers interviewing at the company and want to meet other women areneers and theiere only so many women engineers, and then it comes to writing election code, and it is hard to catch up when you fall behind, and i just decided that the way to deal with that is to start off by not falling behind. give yourself the excuse in the early days that we have to get the right seven people in here on day one, and if there is seven men, you catch up later, but you can catch up. i decided if it was 50-50 early on, it would

abigail doolittle joins us with details.uren in the news olympic costumes, but a disappointing quarter. this retailer did less well stands out. they beat earnings and sales estimates, but work disappointment came -- we hopped into the bloomberg, we see that trend because cell stores for this company has been down since their fiscal fourth-quarter in 2014. ago fory equating years the company, and there has been hope of a turnaround and come back for the new ceo who was appointed last may. the idea that he could drive growth, a bit of their strategy has been to be more selective as to where they sell, so they are cutting distribution by 25%, but it seems less product on the market has also dragged on sales. vonnie: how do they get the company back? abigail: they need take get it together fashion wise and get the consumer that they lost years ago. ralph lauren was the preppy brand, but now there's all sorts of product, so there is a thought they have to reconnect with consumers. relative to sales growth, that see how bad it is.

vonnie: abigail, thank you for that. coming up, the battle of the charts that will focus on financials. the banks become markets during a correction, we have a chart for that next. this is bloomberg. ♪ vonnie: it is time for the global battle of the charts look at the telik charts of the day and what they mean for investors. charts oncess these the bloomberg. kicking things off in the united states is taylor riggs. looking at the charts relatively outperforming the s&p 500 to market correction, and my eyes are here on the recent correction we had, the 10% it the s&p. why? volatility spike up, and we know volatility helps bank trading. that is something they talk a lot about, and then hide her yields. -- higher yields. so all signs point to maybe banks outperforming going forward. vonnie: love the chart. mark you have something very good in store for us, however. mark: i always try. is there a bigger geopolitical story than what occurred in south africa? withnow i like to do big, president zuma stepping down -- the get th