we had alcoa matchup, and today -- shery: had earnings from alcoa.hey give guidance on how they are positioning themselves? taylor: let me see if i can pull that up in my terminal. they talked a lot about it needs to be in the $2200 to $2300 range for aluminum. they get so much of their segment revenue from aluminum, which is an orange. i said that even if it were $2200, they are looking at segment revenue which would be flat, they are really betting on higher spot prices for sales growth. it is going to be a key thing for them. otherwise, they seem optimistic. they are a pretty well-positioned company to go forward and navigate all of the crosscurrents in the aluminum industry right now. shery: taylor riggs, thank you for that. maverick tog up, maverick, french president emmanuel macron is on his way to washington, where he is hoping to have common ground with president trump. we were in washington next to cover that. this is bloomberg. ♪ shery: this is "bloomberg markets: balance of power." i'm shery ahn. david: i'm david westin. the french charm o

chaos just beginning as alcoa lifts its forecast.igher and alcoa season unprecedented conflict of events in aluminum. can this trajectory sustained? nickel,-- aluminum, positively on fire. it's all to do with russian sanctions. are we at and explosive moment in terms of the paradigm of inflation? anna: this move higher in commodity prices being taken as a positive by equity markets broadly and by those concerned. if you are operating in that space, you might benefit from those higher prices. this is what the futures tell us right now. we are expecting a little bit of upside at the start of the u.s. trading day. let's tell you what's coming up in the program. the doha bank ceo joining the bloomberg surveillance team at 9:00 a.m. u.k. time. chancellor john mcdonald joins us at 10:00 a.m. london time. the day after we saw the defeat in the house of lords. there plans for financial services. here is juliette saly with the bloomberg first word update. juliette: donald trump has replaced his threats on north korea with more diplomatic lang

. >>> after the bell, aluminum products maker alcoa said it's seeing deman strengthen following the trump administration's tariff on meta. the compa also raised its profit forecast for the year. the shares were initially higher in after hours, they ended the regular session of 4% to59.40. >> amazon revealed for the first time the number of primeme ers. the company said it has 100 million paid prime members globally. the news sent shares higher.

according to alcoa, we will see the price gains continue.orning, any surprises? longer anre is no iron ore producer. a bit of bad news, we've seen the share price gain this morning. it has trimmed its iron ore forecast for the year. it is having some issues with equipment which means it is lowering that target. it should still hit a record. it also sees output to rise a year later. in copper some issues in australia. it has narrowed the range of its forecast. as we've seen from the share price gains, it does not seem to be troubling investors too much. yvonne: thank you. stock price up 2% for bhp. for bloomberg subscribers, check it out. it is also available on your bloomberg. customize your settings. may cares that you about. metal mania is what we are talking about. investors are pumping money into u.s. drugs the startups as beijing seems to be a global leader in new medicine. chinese venture capital funds that all must one point $5 billion into the sector. adding to a flood of cash going to groundbreaking health firms waste in the u.s. le

we'll see what they do american express and alcoa report we could see big swings after hours. we'll tell you why when "the closing bell" comes right back 3w4r57 let's begin. yes or no? do you want the same 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 ve a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. the largest energy drains on your electricity bill? so, hang your clothes out to dry. you'll save money and the environment, and protect your fabric, too. your future is on the line. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget a

. >> look at shares of alcoa they have moved lower intra session. we believe that's related to a news related tooling deripaska there's a statement from his company saying that mr mr. deripaska has agreed in principle to a request to reduce his shareholding in his company to below 50% in addition, mr. deripaska has also agreed to resign from the board and consnts to the appointment of new directors why would he want to do this because he's been sanctioned by the u.s. government, being close to putin plus, is the holding company for rusal, one of the largest aluminum producers in the world, you'll see from the date of the sanctions to now, the stock is off by roughly 50% becausoling deripaska is sanctioned by the u.s. government, nearly any company in the world that does dollar based transactions would be prohibited from doing business with rusal so 93, the company, the holding company the one you're watching there, has stated they're waiting to see if ofac, the committee at the u.s. treasury that's in charge of implementish the sanctions, is this go

the extension was bad news for alcoa. which saw its shares drop more than 13%. its worst perrmance since 2009. aluminum prices also fell on the temporary reprieve. jack deangelis has more. >> in the interest of national security, president trump has changed the rules for certain aspects of international trade. trumped imp a 10% tariff on aluminum, the goal, to level t playing field and make it easier to compete with international ones that receive subsidies, his target was china. next sanctions on russian aluminum. the company called resolve, because of its association to russian billionaire, ail egg daraposka. who is alleged to be involvedn a range of illegal activities. aluminum prices have been o fluctuat all this news. treasury granted more time fors compan to wind down their business. >> i think it's the beginning of the end. i think the u.s.reasury realized they made a mrs. take, they were not intending to t impa market as they did. >> why do investors care so much about russian aluminum. the medal itself is important. things as big as automobiles down to

squeeze is alleviated, alcoa shouldn't be $11 billion company.was alcoa i would be issuing stock. >> you would >> rebuild they could use a little. >> suffering today, without a doubt. >> carl, when you look at it created $11 billion in alcoa downgra downgrade today. a lot of wealth for a guy doing solar. he's off making the new saudi city. >> yeah. >> i'm not going to play saudi city, just for the record. >> 0 you're not? >>> big story in the journal today about 10 cent music. and the potential for a large i por -- ipo. >> a huge amount of supply hitting us now the 10 cent music deal another china deal there's so many of those most of them are awful and now we got this. we don't want 10 cent music. i think 10 cents is a company. we don't need more equity coming at us. we need more equity being digested the only good thing about the proctor call last week, they bought back 500 million shares in the last decade the problem is, stocks almost unchanged in the last decade. >> is that another way of saying you think the ipo environment is getting overh

alcoa says it expects demand for aluminum to grow along with an increased metal deficit this year duelays in projects to expand smelters in china. >>> the imf issued a warning over global growing debt in its latest fiscal monetary report, the fund estimates that global debt stands at 1$164 trillion, 225% of gdp, and that itself is up from the previous peak of 213% back in 2009. that was the height of the financial crisis speaking to cnbc in washington, the imf director of fiscal affairs highlighted the u.s. debt situation in the wake of president trump's tax reforms. >> the united states is the only country where the public debt to gdp ratio is forecast to go up from 107% of gdp in 2017 to 108% of gdp in 2017, sorry, to 117% in 2023. that is due, as you said, to the spending agreement that has occurred in congress and the tax cuts >> that was the imf director of fiscal affairs the imf lifted its growth forecast for south africa thanks to improved reform prospects over president ramaphosa the south african central bank government says economic sentiment has been improving since ramapho

. >>> after the bell, aluminum products maker alcoa said it's seeing deman strengthen following the trump administration's tariff on meta. the compa also raised its profit forecast for the year. the shares were initially higher in after hours, they ended the regular session of 4% to59.40. >> amazon revealed for the first time the number of primeme ers. the company said it has 100 million paid prime members globally. the news sent shares higher. >> robo calls,et we all them, and we seem to be getting a lot more of them.e senate commerce committee is looking into this issue. ey heard testimony from a florida man who made almost 100 million robo calls over a 3 month period. he denied y wrongdoing. >> the extent of my activities have been significantly erstated. i'm not the king pin of robo lling that is alleged. >> the fcc called rian, the perpetrator of one of the largest and most dangerous illegal rob calling campaigns ever investigated. he was fined $120 milli a as result. it is a fine that he is gh ng. why are there so many robo calls and what is being done to reign them in. herb, thanks

this is a spinoff from alcoa, a victim of higher aluminum prices they plaintiff alum yum, calling 2018quote, a transition year with operational issues, lower guidance, higher revenues, but lower earnings to come obviously, the street is really not waiting around this is basically just about at the low price arconic traded at since being a public company independent from alcoa, guys >> thank you for that. nine minutes until the close, recovering in the last half hour or so, down around about 74 points it's yo yoing around between that 50-100 point mark for the dow, down a third percent, and s&p and nasdaq down half a percent each. >>> a new partnership with google, we'll tell you which it is when we come right back let's begin. yes or no? do you want the same 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

or direct ties to alcoa?> neither right now what happened was the nudews cae out from treasury taking aluminum prices down as well as the rest of the stock with it as well including the u.s. company. >> okay. thank you for carrying up that for us big move there, down 13% after the close, two fast money traders weigh in on under armour, fast money trades, and google earnings on the close don't go anywhere. seven minutes left to trade. back in a couple lower calories. ♪ higher expectations. the light beer you've been waiting for has arrived. introducing corona premier. ♪ ♪ wake up early, o. ♪ slap on some cologne ♪ i'm 85 and i wanna go home ♪ ♪ just got a job ♪ as a lifeguard in savannah ♪ ♪ i'm 85 and i wanna go home ♪ ♪ dropping sick beats, they call me dj nana ♪ ♪ 85 and i wanna go don't get mad. get e*trade, kiddo. >>> welcome back to the "closing bell," about four minutes left until the bell does ring you see the s&p 500 little change, actually down less than a point right now, and also limit change for t

alcoa welcome oblate cam now let's take the news from behind so you guys on this show try to cover the redacted and censored news and i try to avoid the downright conspiracy theory stuff you know the stuff that has basically no evidence to back it up like maybe the eleonora could jackson stalled your bathroom plumbing may be done old trump is actually intelligent i don't know i don't entertain that stuff but sometimes i have no choice but to at least mention some of these nutty conspiracy theories so. this is one of those times. the d.n.c. is suing a rush the trump campaign a wiki leaks alleging their twenty sixteen campaign conspiracy. grand conspiracy. we didn't doctor that that's a file photo. in this grand conspiracy hillary was a perfect candidate and the reason you hardly ever saw a yard sign with her name on it was because wiki leaks hacked the yard signs and made them all say trump or bernie and julian assange right now is sitting in the ecuadorian embassy in piles of hillary yards. therefore the corrupt democrats are now suing wiki leaks trump and russia and yes the republican

alcoa says it does not end there. inversionard says an could come within six months.he flatten continues. with.k. is up house notes the customs union, we will speak to shadow chancellor john mcdonnell. ♪ >> welcome to "bloomberg surveillance." let's check in on the markets. after rising for two consecutive days, the best of optimism on the economy being tested by this flattening usa yield curve. showing signs of dissipating this week. sterling down a second day against the dollar. down a third day, excuse me. it has been a week of big days. we get sales data in 30 minutes. the retail components of the course has been a week and in 2018. what will that data tell us? we will have reaction to the latest in the brexit moves, the house of lords voting against that key part of theresa may's brexit policy, inflicting a defeat on the government that could push it closer to closer ties with the eu. commodities, up by 0.75%. the highest level since 2015. the turmoilckel, unleashed by u.s. sanctions reverberating with alcoa. it is still assessing what those curbs will mean. comi

after one of america's largest aluminium companies alcoa reported strong profits on wednesday, it's thesday to reveal whether it has benefited from donald trump's tariffs on metal imports. the north carolina based firm, which was a vocal cheerleader of the president's protectionalist measures, is expected to post higher first—quarter revenue, but that could just be down to investments to boost production. injanuary, the company more than doubled capital expenditure to spend on product improvement, cost saving projects and maintenance. elsewhere, blackstone, the asset manager, reports earnings for the first three months of 2018, a period marked by volatility in the stock market, which could have cast a shadow over its private equity business. joining us is tom stevenson is investment director at fidelty international. nice to see you. let's pick up on some of the issues that we heard in that piece. the steel tariff war ongoing. talk us through where we are in terms of that. tough talk on both sides but no real action yet. japan has not got much out of these sto kesley japan has not got m

alcoa particularly they put that together. what happened with the steel tariffs. you have a higher dollar you have higher rates and you have a little bit of concern whether or not big tech can remain as momentum force driving the market. give a full plate of earnings coming up. when you see the really extreme moves in some of the steel stocks in the commodity prices e had to save those. looking at that plus not exhort ignoring the news about fears. that is a retailer where a guy who was held on let's pull that thing apart. which sectors work and which ones don't? >> as you see market volatility elevated since the feds started getting that. and tightening the training wheels on. yet to start to diversify. it has been so loaded into the equity market is now been one-sided and were seen the price fluctuation you have yet of a little bit of risk off. it was just after the taper tantrum. the market is a bit off the balance i think. we have to find some equilibrium. french yields are moving higher no more cuts. there is not enough refining space. gas prices as we've sai

very good for alcoa. they are net long aluminum.lhing to a alumina, they be able to sell the metal to china? will they be export? dicey because china does not want to take the other side given trade protectionist measures now. the economics say that shanghai price needs to fall by $350 at this moment. shanghai lower by $350. david: the relationship between global growth and commodities. not only aluminum or nickel. i am reminded of oil and the problems of getting shale oil -- because the bottleneck with pipelines. are we at risk of slowing down global growth? certain infrastructure and geopolitical risks causing bottlenecks? nathan: there -- lori: there are signs that we are at the capacity in some areas and the ability to bring these things online has variable time frames. you used to be able to get fracking going quickly because you had a lot of drills ready to go. once you have to drill new things it takes longer. you deftly have a risk that you could have certain inputs of productive capacity getting inflated in outsized ways. w

look at alcoa. yesterday it lost 13%. the u.s. may relax sanctions against a russian company. it is the second largest aluminum producer in the world. that hurt the other aluminum companies. >>> u.s. home sales are rising. tight supply and high prices are making it hard for buyers to find a home to buy. in march, existing sales ticked up from a year ago. buyers now face higher borrowing costs. the 30-year fix rate mortgage is rising and the tax bill is reducing the incentive for ho homeownersh homeownership. taxpayers will save $60 billion. next year, the savings goes down to $25 billion. >>> walmart ceo earns 1,188 times as much as the company's median worker. ceo doug mcmillan earned $22.8 million. the average worker with $19,177. walmart has made important investments in workers over the last few years. including raising the minimum wage. the pay ratio is not different from other companies. macy's ceo earns 806 times the employee. >>> "early start" continues right now. >>> president trump hosting a state dinner for french's president macron with policy differences first on

industry with trump's new steel tariff we will see how much money nucor could make could it be like alcoa you might ask if tech is so important, how the heck is ibm one of the biggest losers in today's market simple because it is all about the right tech andonly half of ibm is right of course it didn't help that the new ceo said it was disappointed in the company's storage business in the conference call. i am calling that an excess in candor forget storage getting 47% of sales in imperatives. but the other 53%, the older incumbent businesses they don't have much growth so huge percentage of ibm doesn't count in the eyes of this market. when we think of tech, we want una-adult rated growth sometimes i wish ibm could point itself the strategic comparative side would be very attractive on its own. if we want a fast growing cloud operation, why do we need ibm when we have amazon. which is still not back to its all time highs where i think is headed portfolio managers don't asterisk their picks given how low the price earnings multiple is and capital returns, you know what, i'm satisfies as f

alcoa is lower. tensions and concerns, not only with aluminum, but when it comes to secretary treasury steven mnuchin and possibly heading to china. julie: now we get to talk about robots. aazon is out to build domestic robot for your home. here to talk about the top-secret program is alex from san francisco -- alastair from san francisco. there is the roomba, the vacuum cleaner. there is alexa and what would this new robot look like? alastair? one of the clues that we -- alastair: one of the clues that it implies ithat will have a lot more moving parts in the roomba, which is a disc that floats on the ground. that would imply that it might have other uses in the house, picking things up and moving things around. that in the robotics world has .een a very big challenge amazon would have to put a lot of work into that. shery: when i think about robots in the household, i think about these big cumbersome things and i don't know how practically useful with a be. how big is the robotics market that amazo

softened its position, but take a look at how some of the aluminum companies have traded, particularly alcoa-- can see those are down moving on the opposite direction under this concerns. but many on wall street say the sharp drop as this forgiveness of -- adds to the speculative nature. and oil was heading to the $70 mark and many on wall street are saying 80 could be the target within the year after french president macron proposed negotiating a new deal with iran. us ahead of the big supply data that will be out wednesday, there's a view that the stockpile fell by 2.2 million. we shall see. paul: you can follow more on that story and all of today's trading on our markets live blog at mliv and get the market run down with one click with commentary and the knossos from bloomberg expert editors to find out what is affecting your investments right now. and we turn to first world news with jessica summers. on aprilrose about 30% 13, up from 25% two weeks earlier. chose worsening sentiment about a company, however it can also be a signal to contrarian investors that the worst may be over f

alcoa and century aluminum in the u.s. going down.he effect of korea in the market today on this rapprochement that may lead to something more. adr, that are used to track korea, the ewy, a korea etf up 1% and korea electric who trade inand kt the u.s. are trading higher. , we aresouth korea cdf seeing them trend lower to show there is a lower risk being priced into the market of south korea. a risk cross. we see this as low as it was in 2016, coming back toward those levels. we are in earnings seasons. there are some bake movers. the best performer in the us -- svb, they have numbers that beat estimates. the president and ceo of the company crediting exceptional liquidity being deployed in the innovation ecosystem. seattle genetics with revenue beating estimates. reported first-quarter revenue and's and adjusted ebit up that beat estimates. shery: let's not forget the earnings. thank you. the leaders of north and south korea committed themselves to the complete denuclearization of the korean peninsula. they have pledged to bring a fo

alcoa down almost 2%.u tell your clients in a situation like this when you do not know what headline will impact those types of companies? stay away entirely? >> we have been relatively bearish on the commodity space for the better part of a decade. we have been in this commodities slumped. , we started to18 become more constructive on the commodity name into this year. a selective story and areas we like and do not like but we probably think as inflation goes higher, and late cycle capital expenditure comes through from big u.s. and global firms to help run investment a little bit hotter, that should help commodities. this is a stock specific example and i will not comment on that but broadly on the commodity story, relatively upbeat on the short to sell outlook. mark: the ecb did nothing, but noticed these light slowdown in momentum in the economy. you say it is too early to go along european banks, why? >> we are still waiting for clarity among the european central bank and what they would do with monet

alcoa plunging 13%. >>> to the housing market. u.s.t tight supply and higher prices make it hard for buyers to find a home. in march, home sales ticked up 1.1%. that is falling from a year ago. there is a limited fsupply of houses on the market. especially starter homes. the 30-year fixed rate is on the rise and the tax bill is reducing incentive. the mortgage interest deduction is capped. this year, you save 6$60 billio on interest. next year, $25 billion. >>> walmart ceo earns 1,200 times the average worker. a spokesperson says walmart has made many investments in the workers in the past few years. walmart pay ratio is not different from other retailers. macy's ceo earns 800 times the average employee. gap earns 2,900 times the average employee. shareholders like to look at this information. >>> a new name fit for a new prince. what will the royal family choose? they are betting big money on this in the uk. we go live to london next. listerine® cleans virtually 100%. helping to prevent gum disease and bad breath. never settle for 25%

but some of the stuff on the commodity side, for instance, alcoa was a big winner at the open. the stock is edging lower on scuttlebutt that russia may nationalize their aluminum-maker. a lot of this doesn't have to do with supply and demand. people have to be careful. the fed will make a big mistake when they overestimate or underestimate the consumer. the consumer lived through the great recession. savings rates, every time they get low, they go up to a certain point. people are doing that on their own. they get a little nervous and jittery. debit is being used and credit is catching up. households are a lot smarter. i hope the fed doesn't interfear. that will be key. john williams incoming fed chief, he expect the inflation to be a little hotter for a while, that the fed is okay with that. that has been their goal and their target for many, many years. neil: what is a little higher? >> i'm not sure what it is but i think what he is trying to say to the market don't anticipate the fed derailing the economy as it is really building up some momentum. neil: liz on the tax thing

. >> boy, i'll tell you, the alcoa conference call last night was just a ball of confusion they talkedut where the prices are coming up for aluminum, but the main theme, by the way, was that china is cutting back on aluminum and not because of the restrictions and because of the quality there because aluminum is probably like having a coal plant right next to you because it is just so intensively pollution and that's what seems to be pulling it back, so it's funny to see the president saber rattling on aluminum and the countries that make aluminum. it had been china that was the enemy and they're self-inflicted and the russia, and the sanction, but when i say ball of confusion and at no point does the management in alcoa say listen, it is the tariffs causing us to make a lot of money. >> it's interesting that you brought the chinese anti-mrugz efforts are figuring into this >> you die of respiratory. >> it's a huge issue we're moving in a different direction when it comes to the environment and they're finally taking up the case >> each channeled 500,000 patients each and they're seein

they are surrounded by alcoa gm and reynolds for 30 years and drum--dump all of their pcb waste into the river. they also havee incredibly high rates of unexplained cancers and we can see and many mohawks can see contusions on their faces. some incredibly unhealthy community because of these polluting industries. coming into this was quite a shock. it can be interpreted in several ways. what is the advantage to telling the stories? are don't have any other way to explain getting cancer at my age when i have a zero risk factor and i've been genetically tested. i don't have genetic mutations that but anyway i'm very lucky that i live to tell the tale. i was there just last week sharing this book with them. a young woman died of cancer the day i arrived in a small community. i could talk a lot about this but that's a start. >> thank you stephanie for sharing thatt and we look forwad to continuing this conversation and thank you francisco. i was going to do it but you beat me to it that i said it's like a macho thing.>> >> that's right. [laughter] i got to speak with francisco a few minu

shares of rusal have rallied on that news and alcoa traded lower in u.s. sessions aluminum prices trading lower in london >>> new volkswagen chief executive herbert deiss says the company may have to consider spinning off assets. nancy hungerford sat down with him. nancy joins us now from beijing with mosh re on that interview >> we are right here in beijing at the volkswagen press conference you may be able to see behind me a lineup of volkswagen's latest vehicles among them fuel efficient and electric vehicles which are crucial to their business in china given the push that china is making for nevs volkswagen as you know just appointed a brand-new ceo, dr. herbert deiss who we spoke to earlier, shareholders have big expectations when it comes to these electric vehicles behind me but also on the cost side as always volkswagen faces pressure from the works council, the local government so in some ways they are limited in their room to maneuver with costs. i had a chance to speak about the other options on the table and whether or not he would consider spin

. >> alcoa is one that i think stands out because it's had an incredible run and folks out there thinkinue to like the energy theme. i look at chevron, 4% dividend an area that hasn't done very well they restructured so they could operate fairly well on a $50 a barrel world $70 a barrel cash flow increase and stock buybacks you haven't seen in a long time. >> thanks for coming out here. the big story aside from stocks is what's happening to the index. i'm sure we'll talk about that right now. >>> and we'll pick it up from there, scott here's what's on the menu. rising rates and debt. a big warning issued for investors, what it means for your money aluminum is up 30% this month. nickel at three year highs where do prices go from here cuba has a new president for the first time in 60 years he's not a castro. will this lead to a major shift in u.s./cuba relations or more of the same? power lunch starts right now

>> iconic, the spinoff of alcoa, with aluminum.ake a look at this, 10,000 calls brought, all of them at one single print that's a pretty aggressive buy you can see it right here. they've got earnings actually coming out in a week john was talking longer term, this is very short term. they're going tou ing out to may they're the 22 strike in may stock's trading 22, 25, somewhere in that range. i'd expect to see this thing, hopefully, we're going to see a strong number out of these earnings that's what the calls are telling us >>> we'll step away briefly. george sanos was on "squawk box" this morning >>> plus, whitney tillson is with us today. he as a conference coming up on short-selling. back right after this. >>> welcome back to "the halftime report. short seller jim chanos was on "squawk box" this morning. no one here owns tesla, what would get to you buy the stock, let me put it to you that way, what would get you to buy it, not short it >> that's a great question, for me, it would be see more cash flow and less of a debt struct

it's mostly steelmakers like nucor which we'll hear from later or alcoa but there are a lot of publicly traded losers. rather the semis were the stocks of the consumer product companies. procter & gamble delivered subpar 1% growth and talked about some vicious competition particularly in grooming, think gillette the stock got shelved finishing down 3%, pretty amazing for them nasty and anyone in their line of fire got mauled as colgate and kimberly-clark know all too well morgan stanley slapped a sell on them it daaled the valuation a stretch. it's a lot less stretch with the stock down 6%. even the tobacco companies got pounded. we thought they were immune. philip morris, the huge international sell willer marlboro had a shocking drop and stock plummeted 16%. altria got laid to waste falling 6% and the whole world suddenly realized they make cancer sticks who knew there was disruption as e-cigarettes are taking their tall on the fatal attraction to ordinary tobacco when you're in these consumer goods conference calls, they're so bad you have a constant theme running through, inflation

. >>> alcoa was helped by rising aluminum prices and they raised their full-year outlook but said theres uncertainty in the global supply chain due to trade and supply descriptions. >>> prokcter & gamble buying merck kgaa for 2$2.4 billion p&g moving up its earnings report that's the german merck, unrelated to the u.s. company of the same name. they were related like 100 years ago. >>> we are just getting started on "worldwide exchange." watch out, alexa china is coming for you. how china is making a bet on artificial intelligence. we'll go live to beijing and later, do alpha males deliver alpha in the markets how testosterone might be impacting your hedge fund's performance. bro, you have to stick around. "worldwide exchange" returns after this yes or no? do you want the same 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 ed

-canada borderline and surrounded by three super fun sites, alcoa, gm and raynolds, so they also havencredibly high rates of unexplained cancers and you actually can see and many mohawks you can see in face and so coming into this diagnosis was quite a shock but then it sort of made this sort of existential sense that can be interpreted in several ways. first, just simply i did grew up in a community that is polluted. but also just what is the sort of toll as writing these stories, telling these stories, i don't have any other way to explain getting ovarian cancer when i have zero risk factor, i was geneticically tested and i'm lucky to tell the tale. i was last week meeting with chiefs and sharing books with them and they -- they had a death of a young woman died of cancer the day before i arrived. this is a small community so i can talk about this but i think that's a start, thank you. >> well, thank you, stephanie, for sharing that and we do look forward to continuing this conversation and -- and thank you, francisco, very handy man. i was going to do it but you beat me to it. he k

century aluminum, alcoa could help to fill that gap..s., short-term disruption, but fundamentally they will be ok. a bigger issue for the russians. if you take that out of the are notthere alternative sources of that material in the u.s. there are not alternative sources of that material globally. we have significant underinvestment in those commodities over a number of years. it is not something you can find somewhere else that will step into the breach. perhaps that is why it is rusal. matt: thank you for joining us. especially in these exciting times. paul gait, senior reserach analyst, sanford bernstein. let's start with the bank of ireland, down. 2.2%, it continues to trade in line. the operating expenses were lower than the last year. royal mail is up by 0.1%. the five -- the 500-year-old postal service. the new chief executive will join the board in june. he has been an executive of the european subsidiary. the swedish manufacturer of steel, missed estimates, earnings were negatively affected by operational issues, a two-week dis

alcoa says it does not end there. inversionard says an could come within six months.. with.k. is up house notes the customs union, we will speak to shadow chancellor john mcdonnell. ♪ >> welcome to "bloomberg

the big one was aluminum producers and spec initial about the speculation likes of alcoa were sent higher century, up as much as 12%. ucadiaigail told us le you are ae most, holding company that has a lot of diverse but relatively random group of assets according to the company itself. they are changing its name to jeffries financial group as a result. joe: let's look at the government bond market. end, no change. in real action -- and will talk more about -- russia. want to pull my chart of the russian who your yields. got clobberedkets today, and this is one way of looking at it. you can see the big spike up in russian two-year yields. pretty ugly in the wake of those sanctions. and in the end their area were currency came -- whether or not the chinese ultimately will look to use a strengthening the tackle the tariffs united states is discussing. indexwing you here, and of other currencies. you can see at the back end of march last year, strengthening relative to the u.s. dollar. we have seen currency weakness of the last several months. this is opening up the currency and being more li

after the market close we heard alcoa, and this is a stock that is at a 10 year high because of sanctions resulted in a squeeze, and that has given a boost the aluminum prices, going up better than 3%. and we also seek american express in after-hours trading, after than 3% better-than-expected estimates. 2018 revenue is also up at least 8%, priestly it was anywhere from seven to 8%. julia: mike pompeo travel to north korea to meet with kim jong-un about a possible summit on denuclearization. president trump said the meeting went smoothly and a good relationship was formed. details of the summit are now being worked out and denuclearization will be a great thing for the world, and also for north korea. pompeo, who is awaiting confirmation is the highest ranking less official to visit the isolated nation since albright in 2000, talking about significance of this is michael green, the senior vice president for asian and japan strategic international studies. great to have you with us. back in 2016, you said ultimate meeting to president trump the candidate and kim jong-un would be a bad idea

here is look at alcoa. those shays dropped significantly after the treasury department would give americans october until to find out the actions with sanctions on aluminum on china and russia. the stock was down about 14%. keep it right here. we'll watch alphabet, parent of google on "after the bell" as well. melissa: nicole, beautiful day. did i see you on fifth avenue in the greek independence day parade. >> was that you and beautiful children there? we had a lot of fun. melissa: look at that. david: with ernie. >> a real legend, mike woods and nick gregory. melissa: big honor. >> we had a lot of fun. 8th year in a row to do it together. there is governor andrew como. a lot of fun on fifth avenue. all the greeks and americans. melissa: it was a beautiful day. it was huge. zillions of people out there. you were at the center of it all, nicole. very nice. david: we're taking temperature of five of the biggest names in tech, with alphabet due out. facebook, amazon, twitter and microsoft in the days ahead. m

. >>> alcoa came out with their first quarter results, they were helped by rising aluminum prices and they raised their full-year outlook but said there is uncertainty in the global supply chain due to trade sanctions and supply disruptions. a bit of the positive and potential negative with some of those. >> aluminum prices up like 10% in two weeks >> alcoa shares up about 5.5% today. >>> procter & gamble buying the consumer health business of germany's merck kgaa for 2$2.4 billion. that's the german merck, unrelated to the u.s. company of the same name. those two companies have sparred over the use of the name for 125 years. that deal, which adds vitamins and supplements to procter & gamble's lineup of over-the-counter medicines is one of the largest in recent years. procter & gamble is also moving up its earnings report to this morning. >>> president trump and japanese prime minister shinzo abe agreeing to step up trade talks. they held a joint news conference at the president's mar-a-lago home last night pretty nice room i was looking at some tweets, eamon javers they had one of th

the surge in these prices given some of the concerns on us sanctions, russia, alcoa talking about weo think prices can go? tracy: aluminum prices went up around money percent from the back of the sanctions on russian oligarchs. we are looking at a mess of supply construction in the short-term. and the magnitude of about 2.7 aluminumounds for disappearing from the market overnight. we see typical supplies squeeze at the moment with liquidation on the curve. it is difficult to assess the sustainability of the supply construction spread current prices are high enough to incentivize major league stars out of the u.s. we might see some of the other companies restarting their aluminum with the prices at $3000 per pound for full price in the u.s. reports that the russia might come to the rescue, china, perhaps, they might be meeting with counterparts. do you think china will likely be the white knight? tracy: it is tricky. currently with the chinese price discount to the u.s. and the european prices, you are likely to see major exports of china aluminum products to the rest of the world. th

softened stance, alcoa down more than 12%. tyler. >> thank you welcome. tyler mathisen, here is what else is happening. sears es mr. investment advising sears to purr see divestiture of kenmore brand among others it could help liquidity position existing home sales up 1.1%, higher than expected sales rose in the northeast and southwest but fell in the south and the west flix ceo reed hastings made $24 million last year. nice from $2 million in 2016 median employee compensation at that company, more than $183,000 last year. >> as we mentioned ten-year yield approaching 3% level, a level it hasn't hit in four years. dominic chu taking us back. >> a different feel back then. still, we were in a market recovering from the financial crisis let's take a look at key bench mark numbers between then and now. we know where markets stand ten-year note yield 10.9%. january 2014 last time we saw above levels in the ten-year take a look at market milestones and indicators if you will take a look at the overall sector for ten-year note yield and how it compares to what'

because so much apparel is made in china the sanctions against russia the giant aluminum producer, alcoa have to stay on this because every day you'll have to read the fine print of what is -- what's at stake and then larry kudlow is going to play an incredibly important role in terms of telling us what we should walk back and what we shouldn't worry about. he knows our business. that's really helpful. >> not easy to do. ist easy to keep track of all th we'll get stop trading with jim in a minute. dow is up 150. don't go anywhere. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> live shot of joint base andrews near washington, d.c., as the president is leading marine one to board air force one on his way to miami today for a tax e

please, that's like saying alcoa represents industrials.e of a weakness in their investment banking unit, not being able to compete with america, they have big fines. i think the euro banks are not putting a rei rain on this para. >> everybody knew it would be a great quarter coming in and we were anticipating every sector was going to beat on the bottom line, nine out of 11 sectors would beat on the top line. it's exceeding expectations. but is that a worry, given the fact we're having rising input costs, the fed's goin raise thre times, possibly four. where do you see us going from here? you i see amazon is up 7%. i think it's a great stock. they were talking about basically prime memberships going up, the stock. 55% of families in the united states have it. but all the good news is already out there. >> it is. and that's why we had grumbling this week. when the ceo from caterpillar says we might have peak earnings at cal caterpillar for a little, that disturbs people like me. i don't like if analysts are going to guide upwards. i just ne

we'll check out alcoa. down 9%.e of the sanctions companies doing business with the russian company had originally been ordered to wind down the dealings by may 7 now extended to october 23rd while an appeal is considered. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. what's in your wallet? a few problems actually. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best. so let's take on the wage gap, the opportunity gap, the achievement gap. whatever the problem, business can help. and i know who can help them do it. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they t

alcoa looks to the future and like what is it sees raised full year outlooking that's up nearly 3%.ctor and gamble reported weak sales growth. down 2.8%. who's with me on a day like this -- elizabeth macdonald brian and john leifielding and start with amazon prime that hits 100 million members. john, leifield that is nothing but good news, right? >> it is very good news i think jeff bezos proved best ceo in the world and i don't think 11 million prime members is such big news we know they were at about that level and much bigger news i think the only negative for amazon right now is the personal animosity between the president and jeff bezos and does that manifest in government intervention. >> now earlier professor was saying that that -- that maybe amazon is releasing this hundred million prime news because they want to counter the hostility from president trump. >> you have to ask a question they've never girch the this number before. one month after bezos was fighting with the president all of a sudden he's very forth coming with this. i think this is pr. [laughter] protection f

missiles, three naval cruise missiles and two land cruise missiles so this target was attacked by alcoa against it as well against the third target, next slide, the shinshar chemical weapons bunker facility we deployed seven missiles. again the initial assessment is that this bunker facility was successfully hit. i'd now just like to talk a bit about the specific platforms that were part of this strike and let's go back to the first slide, please. the missiles that i've just described were delivered from british, french, and u.s. air and naval platforms in the red sea, the northern arabian gulf and the eastern mediterranean. all weapons hid their targets at very close to the designated time on target of about 4:00 a.m. in syria which of course is 9:00 here on the east coast. i'm going to give you a little more detail now about the platforms. first in the red sea, the class cruiser monterey fired 30 tomahawk land attack cruise missiles and the burke class destroyer laboone fired seven tomahawks and in the north arabian gulf the burke class destroyer higgins fired 23 tomorrow o hawks and

, youinal at gtv can see that alcoa is outperforming the russell 2000 index.t is a story would expect of this outperformance and it says something. shery: how is russell doing right now because of this? aluminumre the biggest for this are outside of china, and they produce 13% of the worlds aluminum. can see just over 8% with alcoa. thank youlor riggs, for that the stock of the hour. coming up next, former connecticut senator joe lieberman will be our guest and will get his thoughts about president trump should approach this era crisis next. this is bloomberg. ♪

.- alcoa alcoa stock trading within 6% of the target, leaving little room for gain.t week. that is your "bloomberg business flash". tom: away from international relations, let's look at dynamics chairman powell will look at on the path to may 2. daniel morris with us. this spread, simple as you can. we have a rollover but still down with significant flatness. there are other spreads that look just as interesting. what has your attention? what should chairman powell look at when he looks at the spread market? daniel: as you point out, not just 2-10, there are plenty of areas where you see flatness that does not look sustainable. it is just a question of, does it normalize and when does that happen? they are asking themselves, is this a signal of approaching recession? we do not think that is the case. we think there are other dynamics behind it. we think spreads will widen. we think yield curves will stephen. fundamentals -- we think yield curves will steepen. fran, i look at this and i think you can transport it to mr. draghi as well? francine: you could but there ar