we also have earnings on aig here eric chemi with those results. >> aig just reported earnings $1.04 to the $1.27 that analysts were expecting. right now looks like the stock is down a quarter percent on the chart i'm seeing you can see a little move there. already down a couple percent today. but it had been up about 5% in the past month so it'd been one of the good stocks over the past month we'll have to see how the market reacts to this news as people dig through the earnings here over the next few minutes. back to you. >> thank you very much some pressure on aig as we mentioned, unum was putting pressure on. >> also metlife. every time you get this focus on the books seeming they're exceeding expectations, it sort of happens i don't know what's going on with aig, but still a $50 billion company. sometimes i feel like it's a little stub that was floating around >> aig seems to be one of these restructuring companies. we're going to see what's going on in there. there's a lot of value investors there with a lot more patience i think you're going to see execution there. >> tone las

. >>> and aig reported earnings that missed the estimates.t cited continued struggles with the property casualty insurance business. shares of aig traded initially lower in after hours trading tonight. >>> onedef the largest rtment stores in the macy'scquired a boutique retail shop in new york. but it might not be the store raat macy's is after, but er the woma courtney reagan explains. >> macy's bought a 7-year-old new york store called story. it's a living magazine and it completely changes the inventory and presentation every four to eight weeks to fit a themewi which align the message of a corporateponsor. like the feel good story with cigna thatel products to help the consumers feel good. and the key is rachel scheckman. she will take on newly creative role as macy's brand experience officer and she will focus on innovating the in store sopping experience. a former consultaneckman has caug the creative way she executes retail. though she neveron scaled b the one location. it makes macy's a growing part trd for buying both t concepts and

aig is my second one now, aig, financial services, insurance, this is pretty interesting as well. ubs out with an upgrade on the stock, that might be part of what's going on here they talked about the meet and beat sort to november and they're buying the november '60 calls for about a dollar i like what i see here i bought the calls in cliffs, i bought the calls on aig as well. has it bottomed? we'll see. they're going out to november. i went to november as well. >> thank you, we'll see you back here in studio soon. take good care of your brother >>> big moves in the oil market with multiyear highs for brent and wti. at nt t hfte th'sexonhealim report feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. hello. give me an hour in tanning room 3. cheers! that's confident. but it's not kayak confident. kayak searches hundreds of travel sites to help me plan

look at insurers, aig in particular, aig they failed to boost confidence on their profit plan. new lows across the board for aig, prudential and cardinal health. cardinal health was the number loser on the s&p 500. look at that down 21%. activation is parent of call of duty. the numbers came out in the middle of the day. look at the wild intraday chart. finished down 2%. back to you. melissa: i love the conference, elon was annoyed by people asking him when he would stop losing money. david: how dare them. melissa: outrageous. david: breaking news. police are responding to reports of shots fired at opry mills maul in tennessee. we're looking to find out more from the developing situation. what we're told about it nashville fire department, one person was shot at the mall. that person was taken to a hospital. no word on that person's condition. we'll bring you updates as soon as they come in. >>> president trump's top trade team sitting down with chinese officials hoping to head back to d.c. with positive results for president, the nation and the world. connell mcshane is live i

aig out with earnings after the close of trading yesterday. that company is seeing profit drop, dropping more than estimated. it saw catastrophe costs. it also saw a decline in net investment income of 9%. intercontinentalexchange out with numbers that initially looked pretty good, but in a note i jeffries, the analysts pointed out that the trading volumes largely tracked below their forecast. prudential financial is another one of those were the numbers looked strong, but it looked like sales may have missed estimates. those shares down 4%. companyis a that beat estimates and increased in its return on equity, yet those shares, which initially were higher, are now being pulled down with the rest of the financials. finally, a quick check on other assets and how this risk off tone is playing off among the different assets. gold prices are trading higher, crude is lower. we are catching a bid in the 10 year and are seeing a decline of four basis points in the mix -- four basis points, and the vix is spiking. vonnie: president trump has changed h

at aig is the nation's belly to tell. saying take hold this is a large office only cost.

aig has shared some of its lowest earnings in the last year.o 900 million dollars the last quarter. report an expects to underlying profit by the end of the year. aig has shared some of its lowestthe company is being d replacing senior execs. betty: weeks after he left the bank, as part of the effort to leave issues. widely seen as a potential successor, sources told bloomberg his departure was related to a u.s. justice department investigation into alleged manipulation of interest rate and sharks -- benchmarks. yvonne: the white house economist describes the first trade key u.s., china talks as fairly positive but says the real test will be china's double -- ability to deliver on promises of economic change. betty: underscoring that surgede, china stocks over night $1 billion in the first quarter of this year. our next guest says the u.s. peppers a -- operation has been scattershot at best. joining us now is the bloomberg opinion columnists and associate professor at picking university. i do not think we have met any guess so far who has been

aig down 6%. >>> up next, the amazon effect.n the president jumped into the fight over this question. if the online retailer good or bad for small businesses? the small business expert who's got the evidence she says answers that question and gives you the 1% edge you could use to turn a profit. and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. i'm all-business when i, travel... even when i travel... for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations- -or paying any upcharges. what can i say? control suits me. go national. go like a pro. at&t provides edge-to-ed

these organize a slam a phobia network you can call that these levels of the industry are islamophobia aig or fear ink but the notion that there is something a gender driven and purposeful it's not random is important let me just say that there are two types of islamophobia so far as i'm concerned there is the political and the religious and one and and then there's sort of the main street knee jerk fear kind of reaction on the other the first two are agenda driven whether it's religious or political going to the difference between the two but they're also well funded and they're funded by billionaires and people who have power in society people like sheldon adelson the mercer family and some of the spokespersons are people in the senate and in congress. you know picking up on that point bad i mean you're echoing nazia is point there's someone else on on line who would agree with both of you laura says some a phobia wasn't at an all time high the first three years after nine eleven the election of barack obama helped alleviate u.s. islam tensions he says unfortunately shifting the country

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aig was upgraded from buy to neutral at abs. they say earnings estimates have bottomed out now and expectations have been reset as a result. price target now $65. the stock rose 2% to $54.79. >>> comcast was upgraded to overweight from sector weight at dy bank. the recentline has created a buying opportunity. the price target is $38. shares were off a fraction to $32.41. comcast is the parent company of cnbc which produces this program. >>> molson coors was downgraded to hold from buy. they cite t lack of expansion opportunities for the beer brewer. the price target is as5. itp just a fraction to $60.26. >>> still ahead, a sto with a lot of hope. the changing way cancer is being treated. >>> remingt has exited chapter 11 bankruptcy after just two months. the company says it now has less debt and more stable financing. remington, of course, is one of america's oldest and best known gun makers. it also makes the controversial ar-15 firearm and it still faces various class action lawsuits. >>the ceo of bumble bee tuna has been char

. >>> aig's rating wasgr ed from buy to neutral at goldman sachs. the analysts cite the strategy and effective execution. the price targets $6 and the stocks fell fractionally. >>> an highser bushas given an out rating. they cite the potential for organi sales and profitgrowth. price target, $113 but the stock did fall today by 2.5% to $95.40. >>> and tinder owner mch group saw its rating raise to buy from neutral at ubs. thenalyst does not think that facebook's entry into the online have abusiness will material impact on match's future growth potential. ubs also said the stock's recent selloff presented a good value opportunity. they have a $48 price target right now. shares rose more than 5% today to $38.91. >>> still ahead, the road ahead. what ford's chairman said just hours after halting production of its most profitable vehicle. >>> apple shares closed at an all-time high rising for nine straight sessions as the company's market value closes in on $1 trillion. the stock has been fueled by apple's $100 blion buy back plan that was unveiled last

what makes bthis such aig deal? >> well, for one, spotify is the biggest reaming music service. at a time when music streaming is becoming thest popular, most common way that people ares take in the ground, a very definive step tht it will make editorial judgments about t only the ctent of music, but the conduct of the artist itself. and those judgmts can have real repercussions on artists' livelihood. >> sreenivasan: there's a part of their policy that i want to pull out. it says, what abote utfuhaist?" that's a portion ohis conduct policy that they changed. that seems well and good, but what is the theshold for wh it's determined that someone actually did something if he hasn't been convictf, "well, theiy y ouncryou did thi" this isn't that. at exactly. why it's interesting. r. kelly hasn't had a criminal conviction. he's not charged with anything right now. veo saat t stimthert they a're rot ing to be promoting. he hasn't been convicted of any crime, either. so what it does, even though it makes a firm stake in the gro that spotify isdi exe of water of what that judgment is a

no matter what in fact just before i got on the air with you here i'm hearing that a former chief of aig has reached out to her about possibly getting her show on history network so there's still a demand and a desire to see roseanne out there many people who feel that the issue is not a racist comments that she meet but the issue is the double standard in which the liberal media always seems to apply to a lot of these cases and have faith outlets that is what the issue is to a lot of people to support and will support roseanne barr. all right k.j. matthews entertainment journalist in los angeles and christine m. but in washington with the washington post to both of you thank you very much we appreciate you being on the day tonight. well here in berlin the government has promised a review of whether looted cultural artifacts should be returned to their countries of origin just as greece is demanding the return of artifacts from the british museum to athens so is nigeria the man in the return of bronze sculptures that are currently in museums right here in berlin. scepter for the new roya

these organize a slam a phobia network you can call that these levels of the industry or islamophobia aig or fear and but the notion that there is something and gender driven and purposeful it's not random is important let me just say that there are two types of islamophobia so far as i'm concerned there is the political and their religious in one and and then they're sort of the main street kneejerk fear kind of reaction on the other the first two are agenda driven whether it's religious or political going to the difference between the two but they're also well funded and they're funded by billionaires and people who have power in society people like sheldon adelson the mercer family and some of the spokespersons are people in the senate and in congress. you know picking up on that point bad i mean you're echoing nazia this point there's someone else on on line who would agree with both of you. some a phobia wasn't at an all time high the first two years after nine eleven the election of barack obama helped alleviate u.s. islam tensions he says unfortunately shifting the country back to

we will dig more into that in a few moments. 7% herek is down finally, aig, the insurance giant, camefter the close and fell short of analyst estimates. it decline in the number of premium written. it decline in the numberthe co'y fell year-over-year. away from stocks looking at what ,s going on in the bond market mostly higher this year. taking a turn lower in the past couple of sessions. we continue to feel as well asns today again, the attention paid to china and the negotiations. let's check on europe now. what have you got, caroline? caroline: a down day in the stoxx 600. the close of trading right here, equities are ticking down. inflationand european can be expected. two and not one, but two investigations. one to do in libya. keep an eye on the banks. i want to keep an eye on it. record galvanize -- galvanize galvanize -- galvanize himself. particularly those in china. the luxury, the jewelry, a stock right here that i want to keep your eye on. the stock continues to hit a record high. it is not just equities. i'm looking at bonds. tracking your p and bonds here. record high f

one point she even called them out for you know probably got trump making money off of the media from aig and then you know what i'm saying that's their own creation and now they're making money. but yet they're going to attack her while the spouses all of their great freedom of speech. that's their old boy the entire point of the evening is supposed to be to celebrate freedom of speech you know our first amendment is a big one and yet we're we have a comedian that is being dragged by the media and the government members of the administration for using her first amendment right to criticize the government for their attacks on the first amendment rights of the news media and citizens adam a vent for free speech rights totally ridiculous so i mean i think the real reason honestly to my personal is the reason i think that that is the real reason that they're upset and why it's getting so much back and forth from both sides. it is because. some mainstream major mainstream personalities let's take a look. there to cover tonight there's a lad to go over i can't get to everything i know there's

aig a stock that killed a huge number of hedge funds. >> it did price below the range.nny this and at&t pulled that latin american business ipo. they couldn't get what they were looking for. >> how badly would at&t's cash flow be hurt if the justice department prevails in the decision involving time warner have you seen at&t's stock have you seen the yields have you looked at that? >> of course i have. >> down about 9% as you know, i've said there are some time warner holders at this point we don't care if the deal goes through or not it's not worth -- it declined a good deal in value in terms of where time warner was originally where the deal was struck. >> that's amazing. jeff bukus, who is a great american, is sweating this out >> they have to have plan "b" at time warner. they probably got plan "c" as well if the judge rules against it, you can rule out potentially selling the company to comcast or to any others apple is not stepping up >> no, definitely not stepping up not here, not now. >> we'll see at&t, it would be helpful, as direct was helpful in terms of the

is a share of aig >> but it's a bet on technology to know what the value in those local markets is forach house. >> right, and each buyer, might be still extremely specific about what they are looking for out of that group. >> that's right. you know what also block trading meant? the sellers had to deal with a discount >> huh >> sell for a discount because you get the ease of execution, and that's what they are trying to do. >> shares down, a little bit more than 3% also this elliot management's paul singer made an all-cash off for athenahealth what's your take >> elliot does this a lot, comes in and decide to be the buyer last resort, and it's a simple tactic to get to people out of the wood work. they did it a number of times with -- sort of like software services companies i think there's, like, four, five i think insuccessfully done that in you have to be willing to own the thing in the end and have the financial wherewithal to do it just watch someone will come in and take it off their hands. >> and, john, is this another bull market sign to you, not this deal specifically, but go

but the housing trust of silicon valley is host aig workshop for you tonight.points of tonight workshop is to answer who can build a so-called accessory dwelling unit or adu. this starts at 6:30 at the allen rock library in san jose. for more information go to housing trust sv.org. >>> and that's min drive running through sunnyvale, santa clara and milpitas. the transportation authority is asking people to share their thoughts on how to improve the seven-mile stretch of road. taz min is home to levi stadium and take the online survey until june 1st and attend the meeting tonight in sunnyvale. >>> today, once again a possible name change to tell you about. san francisco leaders debate -- the controversy surrounding a playground named after julius khan. he was a bay area congressman who critics say supported the chinese exclusion act of 1882 and many say it is time for a name change, similar to the one that just happened for the former justin herman plaza. supervisors committee will debate that issue today. >>> and here is a new take on the famous 1962 escape fro

. >> aig received about $70 billion in tarp money, about $100 billion in loans from the fed. went? >> absolutely. the money that -- of course, happy to provide any detail you would like to see on this. the money in that context went to help prevent default. >> we came at this very differently. he was secretary the treasury and i wasn't. >> we had no power over what the treasury department actually did. we only had the power to embarrass them, i guess. >> there's one clear message from the president, and that is no matter how much money we pump into the financial institutions, until we change the rules that brought us to this crisis, we are not safe. >> coming up -- >> i think she started to see that she's really going to be a lightning rod. tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we

president obama from time to time would shame companies he thought acted poorly, for instance aig gaveonuses at the beginning of his presidency, even though they were under government bailout. but for the most part, you don't see that happening, certainly with the frequency we see that with president trump. in some cases, it's the president saying you're not giving a good enough deal, you need to do this. in other cases, he's trying to force them to behave differently to create jobs and plants and so forth. in case of amazon, it seems so directly connected to his own personal vexation of jeff bezos because of his ownership of the paper and there seems to be some personal animosity between those two very wealthy people going back before even the presidency. >> and not to point out -- not to miss pointing out that "the new york times" is also in his sights, peter. one of the stories that you had this weekend certainly set off a tweet yesterday where he wrote -- the president wrote, things are getting ridiculous. the failing and crooked but not as crooked hillary clinton "new york times"

now by aig fig-- a big fight building over the records -- her three-decade career at the cia. a number of democrats in particular want those records declassified and one democrat on the committee ron white raising serious concerns to me earlier today that the cia is only putting out selective leaks of her record and not giving the full picture of her role, particularly over bush era interrogation programs. >> the more i learn about this matter, the more convinced i am that there is literally an a to z cover-up going on here. what you have is selective declassification and a public influence campaign being waged by the agency, and just a boat load of misinformation. >> reporter: now in a key development, too, just moments ago, mark warner. >> the top democrat on the committee seen as a swing vote, someone who could really sway democrats, has raised significant concerns as well. the cia did provide a number of classified records about haspel's career to the committee but warner is saying they should be declassified so the public could get a sense of what her record is about some

. >> is it appropriate for the aig to be looking into this?> igs looking into a whole range of conduct and they often take requests from congress, referrals are congress, so this one came through the president kind of behalf of congress, but it's still not unusual for congress to say anything in the purview of what department of justice folks are doing are within the igs jurisdiction. >> so this confidential source who said there were spies embedded in the trump campaign, what does that do for the doj's ability to cultivate sources? >> it is problematic for them to give sources in the doj and the cia, they feel like they will be protected and their families will be protected if need be and this is a huge blow to law enforcement, no question about that. >> what do you think of this president making this demand? >> i think he's doing what he does very well, which is to confuse the matter, muddy up the water, so at the end of the day, when we finally get the results of the mueller investigation, it will be so thoroughly discredited that no one wi

n he has aig decision to make, will he sit for the interview or not?y i talked with giuliani at e presidentsaid if th sits for the interview, big if, it will be about two hours max and a narrow set of questions. you see a lot of questions negotiated through the press and privately. >> woodruff: there's been a lot of reporting as to what extent the mueller tm has telegraphed to the president's lawyers or told them what he wants from themio, what que he will ask or not. do we now have a good sense o what mueller wants to know from the president? >> we do. mueller's team has informed the predent's team that they'd like to know about key decisions he has made as president, including the firing of former f.b.i. director james comey. what they really want to learn from the president and why it's so important, the federal investigators say, for the beforeent to sit dow them is they want to know his intent -- did he have corruptnt inhen it came to certain decisions, like comey, to get rid ofey bibecause of bad management in his eyes as president of the f.b.i c

aig shares dropping more than 5%.ssurance -- of the insurance results were hurt by decline in net written premiums. the midpoint of the guidance missing the average analyst estimate, so not measuring up. activision blizzard, as julie was telling us, the results were due out after the ballot but they were accidentally released during the trading session. the numbers for the quarter that ended were decent. the outlook with tepid. -- was tepid. itreinforced the fortnight, is taking over the videogame industry and leaving people with attention and appetite for more traditional games. joe: bond markets in the u.s., rates lower across the board. of 3% fading.eld it was down to 2.95%. it was inching a little bit slower to 2.48%. i want the spotlight turkey. we were talking earlier in the show about all the emerging hotspots, one being turkey. turkish assets being slammed today on inflation gathering steam. five year yield shooting up to 5.39%. mixed currencies o, a bag. we were desperate for good news on sterling, we did not

the big picture, the strategy piece around aig is what their intentions are toward norwegian.me commentary on that. talked about that being a focus of today, but maybe we won't hear too much about it in terms of the conference call later. they acquired 4.6% stake in norwegian. what is their intent for that business? this business and others in the sector helped by the chinese easter, as well. what do they say about dollar weekend, which -- weakness, which was the trend through the first quarter of this year. quarter adjusted profit comes in ahead of estimates. let's mix that into what else we know about european markets. nejra: let's look at how they will open up, because we saw a bit of a week weighing session in the u.s. and in asia overnight. like we could see a rebound when european equity markets open in under an hour. ftse 100 futures up .5%, cac futures up, as well. we will see how pnb para foul leads to that.s it looks like europe could end on a positive note in the equity markets. anna: that won't be the handover from the asia session. they are out for children's day

julie: out what to mention metlife and the insurance giants out with numbers, aig is a miss at metlifeat you look at the bottom line. earnings oneted point 17 is what analysts were anticipating, and return on equity and percent versus 5.3% a year earlier and that is metlife. those numbers are looking better than estimated, underwriting improving tax reform. substantial, 1.4 was -- versus 1.25, going down and that-year, investment income down by 9%. they are not making good bets in its investments. the ceo saint we make progress in delivering consistent results, but it looks like were the market is concerned, progress is not good enough. another headline with tesla coming in similar in terms of levels to q1. the delivery should pick up to achieve the yearly delivery goals by it also hurt election issues as far as the mainstream hope for tesla as far as electric vehicles are concerned. what do we think as far as the production capability is concerned? we have turned time and time again we will get there, and they read and again is when to take some time and continue to do so. anonymous s

american express, institutions that you never heard of in 2008, this was not bear sterns, this was not aigit did have one or two elements in it that affected some of our medium-sized banks. but again, in any piece of regulation, you need to be open minded about the fact that good regulation is balanced and it shouldn't become a religious war between those people who want to repeal dodd-frank and those people who say you can't touch a single word of dodd-frank or any other piece of legislation or regulation. so this in many mind was a fair and very strongly bipartisan in both the house and the senate attempt to relieve some of the pressure on our smaller community banks and credit unions. >> congressman jim himes, we appreciate you explaining your positions. thanks so much. >> thank you, alisyn. >>> if you're heading to starbucks this afternoon, you may have to wait to get a cup of coffee. we'll tell you why thousands of starbucks are closing early today. melatonin is the body's own sleep ingredient. only remfresh uses ion-powered melatonin to deliver up to 7 hours of sleep support. number

skills and success in creating a more inclusive and fair workplace and it marred your operating at aig at great personal risks to collect intelligence necessary to keep america safe janet you have the unique experience one only gains from growing up in the cia you have the moral strength to speak truth to power you have learned from the past mistakes of your organization and made clear they will not be repeated in the days after two thousand one you did not just talk about what should be done you personally volunteered to help with ca's response to attacks you dared to step into the arena when our country needed you and you have done so again today for that i am eternally grateful. i look forward to supporting your nomination and into ensuring its consideration without delay i want to thank you for your willingness to serve your country for your years of service and i look forward to your testimony on now recognize the vice chairman for any comments he might make thank you mr chairman i'd like to join you and welcoming ms haskell jeanette's nice to see you again and congratulations on

loss and strong revenue growth square slumping on weak earnings guidance, and aig under pressure after missing its bottom line. >> i didn't get the popcorn for the tesla call and see the stock action as it evolves from here. >> that's true we'll hand it over to "fast money" for all of that that does it for "closing bell," everybody. "fast money" starts right now. >>> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square i'm melissa lee. on the desk pete najarian, karen finerman and guy adami tonight tesla volatile after reporting earnings moments ago the conference call with ceo elon musk kicks off in 30 minutes. we'll bring you all the latest details. >>> plus, square getting slammed after its report that stock is down by about 5% we'll be monitoring what ceo jack dorsey has to say and this just days after short seller andrew left says the stock has been soaring only because of what he calls a bitcoin nonsense he will join us to make his short case >>> the market sell-off, not even strong earnings from apple or fed with the drew sellin

financial crisis, but i cannot think of a single one, not bank of america, not other companies like aig an ad campaign to apologize, to atone for their role. why is this different? tim: again, i don't want to speak for other companies, but i will speak to our decision-making. if we look at the feedback we were getting from our stakeholders, they wanted to ,ear us take responsibility sewer listening to our customers, our team members, all of our stakeholders, and missing is a really good lesson we have learned over the last couple of years. so that is just us. say trust iny financial services's hard-won and easily lost. how do you rebuild trust with these customers while there are still some ongoing issues like the one we found out about last week, for example? tim: the issue that was covered last week related to business banking had nothing to do with customers. those were internal bank document and there was no customer impact or customer harm. the way we think about rebuilding trust is simple. first, i view it as my number one responsibility. ,ow do we go about doing that other than l

>> the work of the aig has not touched on that issue. our focus has been- >> let me ask dr. draper. >> we have done a report in 2015 that with medicare part b drugs, and the part b programs, and that work, we found that the 340 b hospitals were generally larger, often teaching hospitals. they tended to have a lower overall margin, but higher medicare margins. we also found that medicare part b spending at those hospitals was substantially higher than non-dish hospitals. >> medicare part b, so, the interaction between that and 340b , is that 340b would cover the infusion drugs given on a medicare part b billing, correct? >> yes. if it is an outpatient drug. >> and so, when you say that the differential is higher, it implies, at least, that they are using more expensive services, or a greater intensity of services for whatever reason. and, that would include potentially using more expensive medications. >> it suggests that there may be some financially -- financial incentives. for prescribing patterns. >> thank you. you also mentioned that 340b entities tend to be larger hospi

the ceo saying aig has made progress with consistent results,rop after hours on the bottom line.e a look but what failed then first-quarter profit is that they had some big disaster losses. n a bigly that has taken hit. let's look at stocks in the regular session. spotify in a down day. it shows you the expectation for this company. the music industry has consolidated in a big way. some believe it is coming back. the big question that hangs on the spotlight in the thursday's session is, can they get a piece of the rebound, or is this thing going to hurt them? yvonne: thank you, su. plenty more interviews to tell you about on bloomberg television. catch our exclusive interview with national australia bank ceo. paul allen giving us that interview and 11:30 a.m. hong kong come, 1:30 p.m. joining us from sydney. betty: don't miss this, "bloomberg daybreak: america's" to american petroleum on the $23 billion endeavor to become the largest oil refiner in the u.s. and a discussion on his company's to american big earni. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." be

we had an insurance blowup in aig and the insurance group was a place that you could have hidden fornt company stock doesn't ever go up anymore i took it off my screen. comcast up 22.5% this year sky bid. killing us >> skynet. >> look, i think the bank stocks have been and they're stabilizing and now they're going down and we do have an employment number tomorrow and we do have some out of the chinese conversations and today is a bad day fridays have always been bad i think the people who are saying i want to get ahead of a bad friday and sell thursday >> interesting >> yeah. goldman 232 here >> that's unbelievable my charitable trust is buried alive with goldman >> down eight -- somewhere around there >> over 9%, down over 9% goldman down over 9% and jpm, the only one that's positive on the year >> so funny because you had the regulatory regime and you would have think that would have been housed in times and we have the bank stocks just for the record and ever since the narrative >> is it trade, number one, rates below that what's trade >> you said trade, tariffs and trump. >> that

ce >> you play aig nht nanny and have you ever been a baby-sitter inou yr life. >> iveha.e way you follow me on at. but, you know, i'll gif you a little test autbo byba-stiitng. a ltlite nnnay ivtria here. i'm going to give you a uecl. >> i'm very competitive. >> she's famous for using a pnfooulf o gasur. myar poll pins. >> his catchphrase is heav mercy. >> unc lejee.ss >> uncle ssjee. >> she looks great with cake on her face -- y>>oue 'rso good. >> her last is uornfgeabttle an -d- >> fran drescher. >> and the last one, hero bught a baby to vegas -- he brought a baby to vegas in his par otf eth wopalfck. >> ah. eyth told me i woun'ldtet g one. >> baby bjorn onhe t front going through vegas. >> ooh. what'sis h name. sack galianfiak. is >> "hangover." >> she knows what she's taking about. you need one, call her up. the movies i "tully." itit hs theaters tomorrow. make sure you check out mackene.zi >>th> anyok u r fowahitcng. on tshi fdariy eve. e more alarm occlk. have a great day, everybody. >>> gd oomorng.in it's 8:59. i'm reggie aqui from "abc7 mornings." es, i know itoo

so it is kind of compare this to lehman is almost, is almost to denigrate how important lehman and aigstuff that happened in 2008 was. this is, this is nothing compared to that. okay? neil: what do you think of blagojevich, martha stewart potential pardons? >> i don't know much about the blagojevich scandal. you know, i have read some stuff on it. it seemed like he did stuff that looked problematic that everybody does, right? exchange a favor for campaign contribution or something along those lines. neil: difference we had tapes. that always makes things -- >> i do know a lot about martha stewart. give you a little history, my partner at time, jerry at "wall street journal." jerry is at "washington post." we broke 99% of the stories leading up to martha stewart's indictment and what feds were looking under james comey, then the u.s. attorney general, u.s. attorney for the southern district of new york. here is the problem that i think trump has marred donning her. she clearly look -- did something looked like insider trading and investigated as criminal matter. because the way insider

aig -- worldwide staff for in afghanistan. as one aid official told us, at the height of the civilian surge, our existing numbers were so limited, we were forced to bring on roughly 250-350 people per year to do the work of aid across afghanistan. unfortunately, many have no or little practical aid experience. staff the hires told our that he got the job because i had a pulse and a masters degree. by 2011, the demand for personnel had so exceeded the supply, that state and aid were unable to hire enough people to fill all of the civilian slots that coalition military forces requested. even with the hiring of temporary employees. i would like to say one thing. as i said, the use of temporary hires by eight and state actually had both positive and negative trade-offs. on the positive side, unlike permanent aid and state personnel, temporary hires could stay in afghanistan. more than one year of institutional memory, or what i am my staff called the annual lobotomy that occurs when personnel rotate out of the country after one ye

aig falling after reports that activist investor carl icahn sold his stake in the company.he morning. niece le sign as huge deal to sell starbucks product the around the world. >>> let's bring in keith fitz-gerald, money map chief strategist. despite all the headwinds, all the worries de jure, we have a 200 point rally. what is going on? >> great follow-through from friday. money begets profits. for investors this is great stuff. charles: what is going on here? in the last two or three weeks, recession was a concern, inflation was a concern. stagflation was a concern. the strong dollar was a concern. the yield at 3% was a concern. the aggressive fed was a concern. headlines in washington, d.c. are a concern. none of those necessarily gone away. the concern de jure seems to fade. are we seeing fundamentals take center stage? >> i think you're spot on. this is all about psychology, charles. if those things are on the front page, you have to look to what is on the back page. the back page where ceo's are looking. they have profits, growth, expectations. all of which they're mo

you for sure i've spoken with several businessmen who have done business in china like former ceo of aig the blackstone group and they both said that china understands that if they cannot do business the way they have in the past they recognize that things have to change. look the bottom line is everybody gets this. everybody knows that china has been stealing from america for years and years. we have not pushed back on it. if the president and his team that just came back can actually move the needle a bit on either the transfer of technology, china participates in 10% of venture capital deals in the u.s. , they invest in american companies, force those companies to give up all their technology and transfer technology companies in china. pete: state-run. maria: and beat us at our own game and i'm talking about the industries of tomorrow like ai, robotics if they could move the needle on that and also open up the markets for certain industries so that american companies can sell to the 1.3 billion population in china, then this will be a huge victory abby: you've got your show coming up

even called them out for you know propping up trump and making money off of calling the media from aig and then you know what i'm saying that's their own creation and now they're making money. but yet they're going to attack her while a spouse all of their great freedom of speech. that's their old boy the entire point of the evening is supposed to be to celebrate freedom of speech you know our first moment it's a big one and yet we're we have a comedian that is being dragged by the media and the government members of the administration for using her first memory to criticize the government for their attacks on the first amendment rights of the news media and citizens adam event for free speech rights totally ridiculous i get that say i mean i think the real reason honestly to my personal is and the reason i think that that's the real reason that they're upset and why it's getting so much back and forth from both sides is because she really some mainstream major mainstream personalities let's take a look. there is a lot to cover tonight there's a lad said oh ever i can't get to everythi