will announce legislation to enable private companies to buy larger stakes in the airport operator adp company engie. also on that list is the country's state—owned gambling business, fdj. on wednesday, the government is also set to give the green light to a law that will pave the way for increased competition for france's national rail operator, sncf. president macron wants to use the cash from the asset sales to help finance a $10 billion innovation fund. thanks. let's talk this through. constantine fraser, analyst, european research at t5 lombard. nice to see you. so the basis of this idea and the companies that might be involved and see parts of their assets up for sale, give your ta ke their assets up for sale, give your take on emmanuel macron‘s plans. their assets up for sale, give your take on emmanuel macron's plans. the french government owns about 100 ileum poems were of equity —— 100 billion of equity in companies chose adp, gambling company fdj and energy company engie. the idea is to start selling off parts of the french government's the french state's sta ke government's

at angelica, looking at adp and the energy story.et's start with you, the redhead crossing a little bit early on. they do not currently see itself making a bid, what are the applications? -- implications? >> we have a couple of interesting deals out of europe for theonsidering a bid adp ande assets of portugal. a very interesting situation, took its track off. the utility space in europe is under huge consolidation. a remains a bit of [indiscernible] by three gorges of china to try to gain control adp,e parent company of all the players interested in their renewables are moving their own pieces and trying to get ready so working with financial advisors as they evaluate the potential takeover bid. that includes the french company ng. guy: we have seen steel prices, off hard in china. >> for the fourth consecutive day. it is likely another bad day. also keep an eye on minors because it could hit that sector. anne-marie: this is one of the , on thebloomberg news the possibility of taking it private. the start -- stock is set to rise whe

it's your fau thisnk d adpe mac? >> i wasn't.y beer down. >> i love the sun in the background taking ae -- the son the background taking it all that's all i'm saying. chain saw works. >>> to australia where they are creepier and that crawllier than any where in the world. zach at the australian reptile park is showing us a perspective for a snake. >> that's getting milked of its venom? >> yes. it is for an anti venom >> i'm pretty sure everyone is afratd of that. >> take something danger courthouse and milk it of the most dangerous part. >> they put the snake right back in. >> now rattlesnakes are scary. a rattlesnake tarantula. >> please tell me it's not a real thing. >> it is a real thing. >> that is just the worst. >> yeah. that tarantula is very defensive and it's making that noise which is meant to scare off potential predators. zbli might have to look this up when i get back to my desk. >> and don't you worry, nobody was harmed in the making of this video. >>> mom puts on a disappearing act for the >> the twist when >>> get

announce legislation which will enable private companies to buy larger stakes in the airport operator adpong with the energy company engie and the country's state—owned gambling business fdj. on wednesday, the government is also set to give the green light to a law that will pave the way for increased competition for france's national rail operator sncf. president macron wants to use the cash from the asset sales to help finance a $10 billion innovation fund. with me is vicky pryce, chief economic advisor, cebr. nice to see you. so what do you make of this idea, part privatisation, and will he be able to get the law through? i think he will. he's already made a lot of progress in terms of getting agreement from parliament on the reforms he wants to see from the state railway company, so i suspect he's going to be able to get the law changed as well, which at the moment restricts the government from selling shares, in particular in the sense of not allowing them for the moment to reduce the stakes in companies to less tha n reduce the stakes in companies to less than 50%. for example, ther

on the table, privatization of adp and gaining monopolies.ancingconomy and minister said some of the rates -- of fufunds raised will go to immigratation funds. the e energy group has a a program for renewable enenergy. we will check our sovereignty and make sure we are a leader in in -- innovation. >> the government trying to lower its stake to under 50%, under voting rights to 33%, as well as privatize the company. this should bring in around $15 and -- 15 billion euros. this will make setting up a business easier and stronger checks on foreign investment. it goes to parliament in september. they made their presence felt when the minister visited last week. >> let's take a look at financial markets. a lot of jitters over the escalating trade tensions. european markets in the red at the start of the trading week. if files a tit-for-tat trade between the united states and china over the weekend. london is faring slightly better, and help by financial heirs and strong energy. a cable maker fell 16% after issuing a warning. ,or more business hea

i would like to buy more of screaming hot adp. >> carlos rod drigz torned out to be amazing.is the conclusion of the "lightning round >> announcer: lightning round is sponsored by td ameritrade coach. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. ♪ south l.a. is very medically underserved. when the old hospital closed people in the community lived with untreated health problems for years. so, with the county's help we built a new hospital from the ground up and having citi as an early investor worked as a signal to others to invest. with citi's help we built a wonderful maternity ward and we were able to purchase an mri machine. we've made it possible for the people who live here to lead healthier lives and that's invaluable. ♪ >>> how the heck are we supposed to makes sense of the president's trade policy in other words, why

the exact food that amgen and nvidia eat we hear from paychecks and while stocks are lagged behind adp this payroll process should thrive rising short-term interest rates and job creation bed bath and beyond. my view, better have good things to say or this thing is going back to $16.50 walgreen's and cvs is moving up late that said, walgreen's is way off its highs, only six points off its lows if they get it together, then there is accenture this is information technology consultant, and an outsourcer. as much as i adore these guys, the stock runs up in the first quarter and sells off. you will likely get another buying opportunity on thursday if that pattern holds. we heard from chatter, conagra it loves the frozen food aisle we know ceo is a season deal maker. i think we need the way. earnings or acquisitions, pinnacle owns birds eye. check out mccormick. space maker rarely misses. i bet this is going to be no different. which is why i keep old bay on the seat after the quarter nike. name rarely comes up after tariffs or boycotts. nike and under armour are strong and they have my ble

adp is bigger, they have about 10% market share, but the truth is penn and paper still has about 50%are, so our focus is on getting small gusto.ses using emily: is any of the work involving pay equity, can you track pay equity? there is a lot of talk about high diversity and equality can be built into hr systems, so things do not get an even. -- uneven. is that something you are thinking about? >> definitely paired we are thinking -- definitely. we are thinking about that moment when you set up compensation, what ideas go into that, so nothing to announce today, but it is an area of a focus for us. emily: do you think ai solutions are possible when it comes to equality and building diversity in the workforce, or is it on personnel? >> technology can be used whether it is ai or others as a tool, but people have to ultimately make the decision on the value system you have. frankly, you know, people have not had great tools before, they have not had access to the data and part of our job is to equip that for them. emily: you were on the show at the height of the scandal and talking abou

that e therwa asctn aive shoerotnd a th tat whereere casualti.es 4: p25eolic aounn tncedha tt hey ha adpe cusct intody as ll. at 7:30 last nightff olsicia dtien tedhat suspectsing soacme fial recognition tenoch.logy they identified him ased jar ramos. ceyfion frmedivpee ople kiedlle her after the suspect sh touhrhagh ttla ginss wdo w tintohe newsroom. >e w -have- >>s thiwa as tartegettd aack on "the capalit zega"tte. wree'd tol ttha two others hwereur itensid that nooewsrm as llwe eyer we hurt byly fing glass pntparely c,yut be somofhe t there.st wa finly 'rwelse aoea lgrninor m aebo ut lwhatedp u to the sinhootg inside "the calapit gazette." st night we talked to the r.edfor o t hepanewspe hed sait thae h o andne of his foerrmor repterser we the suecbjft oer numou tstshrearo fm thecspt here where, tyhe oedrtse thohr teats to the ocede mepartntan, e'd wre totld i wtasn' a e strongugh acaset atthme ti. isth all srttaed whit an article thape per pliubshedac bk in 2011 after the suspect pleaded guilty to a harassment charge. he was angry about that. he wasngry about the gazette's coverage. e

it's interesting i've been following pretty closely in the adp data services and service hiring is atoint, dom, since last september. if you peer into the challenger layoff data, hiring intentions have gone from 440,000 in 2017 to 220,000 so there are major undercurrents underneath this industrial labor grab we've been seeing i'll be paying close attention to some of the weeds >> what about wage growth? any movement there >> i don't follow average hourly earnings as closely as i follow average weekly earnings. that's what you take home in your paycheck. if you adjust that for inflation, which we know what been ticking up, in upper incomes it's turned negative, and in middle and lower incomes it's almost at a negative rate inflation is starting to bite. i'm following those average weekly earnings like a hawk. i know everybody's eyes will be on average hourly earnings and whether the employment rate drops down to 3. %,8%, a lot of this has to do there's not enough skilled workers out there, but our economy is 80% services that's what i'll be watching >> big things to watch for sure. dan

posted declines of 14% in 2016 and 0.5% in 2015, disclosures show adp up about 18% this year while chipotles up 60% now, these swings speak largely to the nature of ackman style of investing. he takes large, concentrated bets based on the latest public filing the firm holds about seven long positions. they also tend to acquire positions using options that are not immediately disclosed but, by and large, this concentrated method of investing can leave to swings to the upside and downside even though they're up substantially this year through june could change by end the of the year >> he's ever confident and maybe he's told you what he's told me that confident he's going to make it back >> that's what this year is all about. >> maybe on the road to doing that as you said, a long way to go. booked a nice profit in nike let's not forget about that. lowe's new position. we'll see where it all leads >> we'll see if this year yields any proxy fights this year he has been cisiding with management. he has remained more under the radar and focused on being a good stock picker this year more than rea

i think underneath it, we are in a quarter here where we will see 4% of adp growth.nk it is that growth story. if it stays intact, we will maintain wall street earning estimates for the year. i think the biggest take away from me is the dollar. i think you will see more attention by wall street being put on that dollar. the dollar is doing a lot of things. it is a starting to crack commodity prices and reducing inflation expectations as a result. it certainly drove a wedge between domestic and international returns in a big way. it made u.s. dominic again. strong, that stays means to me that inflation will state down. that could keep bullishness of live here. my own feeling is the dollar will weaken again. we will deal with threes. more than 3% wage inflation at 3% cpi inflation. and will keep the fed continue to raise rates. there will be more of a struggle again before the summer is out. one of the arguments for thedollar's strength is -- data very solid. that retail sales number pretty mediocre in europe. surprisingly mediocre in china. you see that divergence cha

highlight the canadian dollar moving in the asian thaton on an adp report, steve mnuchin is attemptingde canada with an extension -- exemption of the steel and aluminum tariffs. haidi: thank you so much for that. let's get to the first word news with paul allen. paul: thank you. the white house has concerns over a location for next week's summit. it will be in singapore on an island, starting at 9:00 a.m. next tuesday. it has a long track record of hosting top-level international meetings. offer group security. singapore as well also has been long-standing ties with north korea. with thes working chinese government on a smooth travel between hong kong, macau, and the guangdong province. says the e-card id system i one day allow users to book hotels and set up bank accounts, if beijing approves the idea. higher afterpliers zte is closer to a deal to allow resume buying from american companies. the commerce department, however, says no definitive agreement has been signed. the chinese company has replaced top executives and president trump said last week -- month it could resume business

may adp payrolls coming in at 178,000. this is the jobs openings. we're at or near a record high. 6.4 million jobs open. yeah >> we had a few economists say that's the number they most closely watch. what does that tell you when the chart's pretty much going straight up? >> it tells you there's a lot of people out there it tells you the economy is doing well it tells you there are employers looking for workers. >> and workers who feel comfortable quitting and looking for another job. >> the quit rate is a separate thing. one thing we look at is the job openings rate. the effect of the participation rate is to keep the rate flat. so think about this. it's coming down and now what you have is the strong jobs number kpurti iexerting this upd pressure it's because of baby boomer retirement does that make sense >> no. >> people could be sticking around, drawn back into the workforce. you could have a situation where, for example, think about a recession where we see more younger people going to college than would otherwise go because the opportunity cost

bls unemployment data, my goodness, we do have the adp employment report.that. they could farm it out to the private sector -- stuart: wait a second. they've got 19,000 employees, if you combine them. none of them's going to go away. you can't -- they're never going to go away. >> not overnight, but perhaps through attrition over time you slim down government. stuart: would you say a decade we might slim this down? >> well, it would take some time, a decade or so. this is not going to a take the budget from a deficit to a balance or a surplus, that's for sure, but it's the right direction. stuart: you like this. >> yes, i like the idea. give the taxpayer more bang for their buck. stuart: i'm not a cynic unless it's around government employees. lonski, you're all right. >>> we'll give you a check of bitcoin, it's been like this for a long time. the price of gold on a down day for the market, down day for gold at 1269. how about oil? remember, opec meets tomorrow. russia and the saudis want to increase production. looks like they might get their way even thou

>> 185k, the adp numbers and claim's data has been soft in the last month, those are key inputs in modelut we believe that the economy is working higher, the stock market over the balance of the year will work higher, we think a sustainable 3% gdp growth rate will get us there. we just finished first-quarter earnings. again, numbers are in great shape. i share your concerns about the noise and the nonsense that we are seeing out of the administration on this issue. that seems to be a tactic, if this is what we are looking at over the next four years, that's problematic. we need to see some positive end result to all of these tactics. dagen: canadian aluminum steel is critical to our national defense, into building, for example, we just drove up the cost, that hands win to russia, quite frankly, that's where the national security argument i don't think that makes that much sense. maria: which is why i almost look at your theory of maybe this is negotiating and say, maybe that's what it is, look, we've got the potential kim jong un meeting on june 12th, maybe he's waiting, the administrati