my people are nice. they are great. my people are great. my people are great. so here is the story.e get up and make the decision. people in the audience were devastated. some of them got eight hours early. they are standing there for eight hours like you. raise your hand. we love you. don't worry. i will sign autographs. don't let them rip you away from that. anyways. what happens is everybody was fine and behaving. what they have done on the other side, moveon.org, one of these groups. these are bad people. these are people that don't want to see our country be great again. i am telling you that. we can get along with people. we are going to unify the country. our president has divided this country so badly. he has been -- the great divider. when he got elected i said i don't think he is going to be a good president. who knows. i wished he were. i wish i didn't have to do this. but we have to. we have no choice. when you look at the iran deal, the horrible trade deals, our jobs are being sucked away. it is unbelievable what is happening. our military can't beat isis. it is being d

the humvees are smaller, but are souped up jeeps that are armored. we continue to poll this and this negotiation is extremely difficult. tell me what the crisis team may be discussing to try to make sure everyone is allowed to disembark safely. >> i think one of the biggest problems security officials have faced and the military have faced in the recent decades is is the threat of the suicide bomber and it is an improvised security device. it is incredibly hard to counter. because we now see women suicide bombers and children suicide bomb eshes and it is hard to discern if someone is wearing a suicide belt or not. we have rules of engagement we need to abide by in terms of you can't just drop a neutralizer target because you think they are wearing a suicide belt. you can't because it could cause problems. in this case when there are reports and the reports are he had a suicide belt on him i think that makes it an incredibly difficult situation. any point if that is true then the sue bide bomber can wreak a lot of havoc. i would look at how to emeliat

, what they are doing, where they are. they have no paperwork cleared. we cannot do it. we can build in syria and build a safe zone. i want to get gulf states to pay so much money that they would not believe it. we are paying for everything. people think we spend a lot on our military. we spend a lot taking care of all of these rich countries that do not reimburse us properly. i love south korea. i love japan, but japan, if we get attacked, japan does not have to do anything. if japan gets attacked, we just started world war iii. what kind of deals are these? don't worry. when we talk about terror and terrorism -- remember this poem. we talked about the wrong people coming into our country, right? we cannot allow it. i love you. look at this crowd. i love you. [applause] this is amazing. ok, are you ready? this is called "the snake." on our way to work one morning, down the path along the lake, a tenderhearted woman saw a poor, half frozen snake. her pretty colored skin had been off roster with the dew. oh, well, she cried

what are the drones that are allowed?uest: some of the drones are the same drones, whether they are armed or not armed. there are some drones that have the capacity to be armed and they also have the capacity to just have surveillance cameras on them. these are drones that have been used in iraq, afghanistan, other parts of the world. sometimes a surveillance drones, sometimes as armed drones. prettyacity though is intense. ,he ability of these drones they can fly for long times, and can hover in specific areas, which is one of the reasons the military uses them as providing advantage over traditional man to winged aircraft, they can stay over particular area for hours at a time. and do their surveillance. the quality of the cameras and their surveillance has also increased dramatically. that's not a drones specific issue, you could do the same thing by helicopter. but the ability to -- if i have this be the -- this piece of paper outside, at least the heading could be read by the camera on a drone. host: how high up as t

we are pleased with where you are going. i think that you have heard of where the commission and the department is interested in the future with you all. and we will look forward to that report. so, if there are no further questions, we move on, with our request for presenters. >> thank you. >> item 8, is the zuckerberg san francisco, general rebuild up date. >> building, 25. >> that is the new building. >> so -- are you following a different set? >> we had updated the, okay. >> the first, slide, to, and there was a typo and so we corrected that. and but i am not sure why -- they are not showing up. >> i am happy to go ahead and you all have the document? >> yeah. >> and i think just for the billing and there it goes. >> it is broken down by going from top to bottom, and we hit those. in order to launch the survey on february 22nd, and we have the deliverables for operating safe, patient care and those, facility construction, related issues are going to take us out into about, may 15th. and may, 13th. and to make this in the

that are legalized. we are focused on that.uments and flying legally within the two countries. the second thing that i think is really important is donald trump has not met my team. it would have met my team, he would have invested in volaris. i think that is very important for us to understand. we have a company which is world class in terms of -- vonnie: not concerned he would impose tariffs? enrique: i could be concerned about the being the lowest cost operator on both sides of the market in the u.s. and in mexico, i think i can compete better than anyone in the market. mark: volaris chief executive enrique speaking with vonnie quinn. a quick beat out what is happening to european equity markets.we are roughly 35 minutes away from the end of the thursday session. not as low as we were at the start of the day when the stoxx 600 fell by 1.8%. the dollar falls. miners are rising and they are a big constituent of the ftse. have a look at what is going on in the bond markets. the euro is up against the dollar and down against the

earnings are jumping, but the airline warns its problems are far from over. good global markets morning. you are watching "bloomberg ." i'm stephanie ruhle, here with jonathan ferro. it would weston is in d.c. for a special interview. we will be sitting down with alan greenspan. he was the chairman of the fed for 25 years. we will talk about what the fed did yesterday, what is said. whether central banks have it in their power to affect fundamental growth. jon: looking forward to that. i will go this morning for the european open, the rally in europe, deutsche bank down another 4.5%. the dax deep in the red. there are so much to discover this morning. cehic.et over to nejra a: turkey will be pressing for concessions as the european union meets over the refugee crisis. the eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. a kurdish militant group has claimed this possibility for last week's explosion in turkey's capital. the s

are you hearing that? my guests are with me.if it comes up at all, it if comes up in the context of a proposal to cut social security benefits, quite often on the republican side of the ledger. >> absolutely we see let's raise social security retirement age to 70. most people are not going to be able to stop working at 70. they are going to do it sooner. in addition to that, we hear these proposals about -- again, surfacing back, let's bring private accounts into social security. let's make social security more like our 401k plans. that kind of fell out of favor in 2007, 2008, 2009, and it's a proposal that is coming back again. at the same time we're just not thinking about where are people going to find the income. 87% of americans came back and said people in washington aren't paying enough concerns about retirement security. they think the system is broken. they think it needs repair, but they are not hearing washington talk about it. i think this is one of those anxious -- moments for americans. >> are we looking at the sor

they are not supposed to be treated like prisoners. yet, they are. their lives are highly regulated, regular lockdowns , the corrections corporation of america uses solitary confinement as punishment. women complain about poor medical care, and the highest suicide rate of any of the detention centers and the united states. >> host: a taste of what the new book by margaret regan, "detained and deported: stories of immigrant families under fire" is about. please go ahead with your question. >> caller: i wanted to ask about the treatment of the prisoners. she referred to how terribly children are treated. to the criminal corporation train the guards and personnel to treat the children badly, orbadly, or do they just recruit that kind of person to begin with? thank you very much for your answer. >> guest: thank you, marsha. to be clear, there are no children being held, although we do have two in texas where there are children. when i wrote about attending visiting day the guards were harsh with the children coming to visit their parents. i don't think a

think thereli: i are a number of ways that we are doing that. looking at funding opportunities to provide states with the opportunities to really strategies.ative one of the things that are office does is really look at how do we promote some of these innovative things that are happening at the state levels. whether that law enforcement that are working to get people into treatment or things like the 24-7 triage programs. part of the federal government responses that states and locals have the resources they need to continue to implement programs that address these issues. secretary tennyson in pennsylvania has demonstrated leadership in the war cap and here. i talked with the secretary just about every day in terms of looking at what my the federal government can continue to do. but it think the largest fraction we have is making sure that states and locals have the resources they need to continue to develop and show leadership on this issue. representative cartwright: a mentor that. i yield back. -- amen to that. i yield back. representative h

ivan, where are you? what are you seeing and what are you hearing?t's your take on this events as it continues to

at $26 98re trading and analysts are looking for $56.38 so they are $30 above where we are trading. likely is a majority of the analyst of not taken down their price targets yet. 1 stephanie: it has moved so swiftly. analyst, when you see the share prices down this much, you have to ask if they are in acquisition target. either that or there is so much stink inside this company led by mike pearson. people are questioning what the real value is. matt: barclays cut their price target from $130 down to $34. thisnk that's why you see yellow line. taking a look at other stocks, arriott and starwood have chinese bidder that came in for starwood and marriott has improved its bid to $82.36. monsanto once you did for the agricultural chemical business. monsanto is unchanged in the premarket. big gainers. are you see the dax swinging to positive territory. there are five or six deal today. et are in a deal valued at $13 billion. there is not much movement in the stock but to have the dealood deal and the ihs and wilbur ross. what am i missing? there is a ton of deal news today. i think there

now we are finding drugs are matching up with her tumor that are not drugs in the protocols and not as many side affects. everybody is trying to do this now. it is personalized medicine. it is to get to the point, she's very chemo is knocking her out. >> please give her our best. rosanna: prayers for her and your family. >> thank you so much. she's here and watching. she's going to speak tomorrow. >> what are you watching on tv? >> a lot of news. it is fascinating. >> it is great drama. it is scripted news. >> stuff happening in reality is better than the house of cards. >> it is incredible. actually. thank you greg, rosanna. congratulations on your great successes here. all theedz people here, i remember half of these people from nbc at one time or another. >> thank you. coming up, tatiana will be here. >> bbc america. it is so good. >> she plays 18 characters. she's a great actress. coming up. i can't believe it has 40% fewer calories than butter. i can't believe it's made with real, simple ingredients. i can't believe... i can't believe my role isn't bigger. real ingredients. unbeli

there are programs that are out currently that are not part of the dash that are available to low-income families that are coming in around the 10-dollar mark. there are a lot of other costs that are required to access the internet. they will have to have a device potentially training and support , and there are pro-rants out there to support low-income families so they have access to all the pieces. $9.25 is a good place to start but i think it's yet to be seen whether or not that will be enough going forward. >> guest: were where the $9.25 comes for is extending that out but i think the fcc is putting the cart before the horse because they haven't done a real study to suggest these are the drivers that are keeping low-income people from adopting broadband service and this is the amount we are going to need. we don't know if we need $9 a month for 10 million people are $45 a month keen notably. we have to be sure where to play in the money effectively. the fcc simply hasn't done that level of analysis. we have a series of broadband trials that the fcc adopted in 22,000 ultimate 12 and t

so, rates today for loans that you are taking out are much lower. now, look, their interest rates are set by congress. if congress wants to lower the rates or increase the rates, that is their prerogative. for many people, interest accrual is a substantial part of what they repay. for those who are struggling default, in many ways they are not even close to paying the interest portion, but ever getting near the principal portion. so, i don't know. it is one of the many issues about loan repayment, but as it relates to the default issue, i am not sure that it is directly related, but i think many people have made the argument and the interest rates during the obama administration. they did go down when congress passed a law. people felt that was a more fair outcome to be tied to the broader interest rate environment. ms. dynarski: i would say that lowering interest rates cuts costs for borrowers. that is undeniable. does it deal with default in a targeted way? no. you are taking a subsidy -- somebody is in distress right now and you are saying, ok, o

are you visiting from out of town? >> we are. mike: where are you from?e are hearing live on abc7 in washington that they will be shutting down the metro system the subway hear for 24 hours starting at midnight tonight. does it impact your plans? >> it does. >> how does it impact your plans? >> a lot of walking. >> we don't know where we are going. >> it will be tough to find a cab i think. a lot of people will be using alternate mode of transportation. >> i imagine, yeah. >> enjoy your visit. are you a metro rider? live on channel 7. announcing metro officials shutting down the system, the entire metrorail system for 24 hours starting at midnight. >> why? mike: they are checking the jumper cables. safety concern. they want to make sure that the metrorail system is safe. what is your thought on that? >> it will be an inconvenience. if it makes the city safer, what can you do? mike: how would you get to work? >> i'd have to take a cab. mike: there might be a lot of demand for that. >> good luck. mike: good luck to we are live. they are shutting down the me

robert: and they are very charlie: -- and they are. charlie: dexter wilkins is a great war reporter. he is off all the time. he cannot resist going there. he knows he is good at the story and you want to do what you do well. that is part of the magnitude. you are aware of who else is there and who has a deadline and who is going to do the story and everyone from all those other countries as well.it has a flavor to it . they all have nothing in common with local population. charlie: there is competition among reporters. in your case, it is margot robbie's character. tina: she plays tonya vanderpool, someone that my character i lies is and they become fast friends, but there is a healthy competition that eventually turns into maybe less healthy competition towards the end. tonyaarts to realize that is putting herself and others in danger in ways that are not good for anybody. m islie: this is where ki meeting margot robbie. >> can i ask you a favor? feel free to say no. >> sure. >> i hate to bring this up. can i have sex with your securi

on and there are results from it that are positive ?ustome are think institutions interested in these questions and solving the but they tend to work with them at the institutional level. it is not clear -- one of the issues with the local control we have at university which i agree with and want to preserve is that it is a very weird mix of federalism inside the american university system where if you were to design -- to design a system from scratch, you would not have the mixture of things colleges have local control over. we built the university system as a finishing school for elite white male wasps and tried to expand that and grew that into being a system for everybody. --re are these where kind of weird kind of legacy situations as to who has control of the system. i believe that many institutions are working hard and i believe many professional organizations are working hard. i do not believe that there's the necessary kind of concert of movement and coordination and information gathering to assure that is resulting in outcomes

they are coming in through miami. these are the islanders. they are here.hey meet up with their relatives and they disappear. they stay out there visas and when they are up, they disappear. thatnk you are looking at order and are not looking at other places where these people come in. there are so many of them in georgia. they are all over the place. you go to the stores, there they are. are not mexican. i think really you are looking at the wrong people. no disagreement. the mexican border has been a flashpoint in this discussion for years now, but the reality is as one of the other callers pointed out, we had an outflow of illegal immigrants from mexico. shifts to honduras, thatmala, other places have come through the border -- remember the children, a big episode. and there are sectors to the economy that could be heard. if you go to places where low skilled immigrants work, it's retail, its construction. it's also where low-wage americans work. those of the low-wage sectors. host: should anyone hiring illegal labor be fine to cover welfare cost given to

it will get worse and worse because we are lax and we are foolish. we are foolish. we can't allow these people at this point, we cannot allow these people to come foo the country. i'm sorry. >> yesterday ted cruz agreed that the u.s. visa waiver program is in need of serious scrutiny. he called for an immediate halt to the president's plan to allow thousands of syrian refugees to enter the u.s. he disagreed with the trump's comments earlier this week that perhaps the u.s. should retreat from nato and he went so far as to compare the anti-interventionism to president obama. >> donald trump is wrong that america should withdraw from the world and abandon our allies. donald trump is wrong that america should retreat from europe and retreat from nato. >> john kasich was very critical of trump's comments on nato. kasich saved the sharpest criticism on president obama who spent less than a minute of his press conference in cuba talking about what happened in brussels before attending a baseball game. here is kasich. >> i am a little surprised that the president is going t

they are going to shrink slowly. why are they so big? tom: are they shrinking?'t see a shrinking bank. chris: i think you will see single digit shrinkage over the next five years. because they are going to get out of residential mortgages. that's why these banks are so big. those funds sit there for a month without interest until they have to send it. tom: who gets in? chris: nonbanks. tom: not the government? chris: they are backstopping all of it. there is no credit risk here. tom: nothing has changed. we will be right back. changed economics and the measurement of our change. and ♪ going to talk do our square. tom: robert angle will join us from new york university. economists ares more pessimistic about the u.s. economy. that's according to a survey. growth than weaker they were last year. basic corporate earnings will rise just 2% that's down from traders arest area bedding compound will keep falling past the u.k. referendum on the european union. it has dropped 2%. suggest losses will continue beyond the june 2 vote. the latest superhero movie had a supers

in europe, clients are not concerned about how europe economies are affecting -- are actually very bullishven in the depths of the financial markets imaging array january, they were not changing business plans for this year. david: it is one thing to not be worried about recessions, another to expect true growth in the underlying economy. are they seeing growth in the top line? of governors tell us this is the year they are looking to filing reinvestment business -- finally reinvesting in business, after two years of stagnant growth in europe and last year, some recovery, this is the year the ink things are turning up. 70% of them were expecting an improvement in business conditions this year, an organic growth. looking to acquire other businesses to try to and -- in organically rather print. jonathan: i want to know how your higher net worth clients are managing their wealth. the ecb moves to a negative deposit point and at the moment, we are not passing that on to the retail clients. at this point, how are the managing their wealth in that environment? simon: whatever proportion, no a hu

>> i have seen they are down, but i have seen that sentences are up and we are focused -- >> they are telling me it is hard to make the case. these are murderers and we can't stop them. they are bringing deadly substances in. some is coming through the u.s. mail. i will say they told me the mail is starting to crack that out. they get across the border and then they enter the united states like it is coming from a gift package. is that correct, sir? >> in many ways -- they are intent on getting the package there on time. we have to get the deadly drugs there on time. we have to look at every avenue. these guys are using the border. i was in mexico years ago -- i don't know if you came with me on that trip, mr. cummings. you do a dea signature -- you can do that of heroin and cocaine, can't you? >> yes. >> where is the stuff coming from? >> mexico. >> 15 years ago, it was all columbia, wasn't it? >> it still comes from columbia. >> yes, but primarily it was very little. comingas black heroin out of mexico, but they were the imagamateurs. now, they have become the pros. by the time we g

no vehicles are being allowed in. but people are being allowed to come and go on foot. we have seen some travelers, some of the thousands who were presumably trying to get out of brussels airport this morning leaving the airport trying to get back out to the highways and i would imagine get a car to go back into brussels. but we are approaching the airport. it is the scene of confusion, there's police tape, lots of sirens and emergency services all around the airport and i would imagine the same scene is playing out now in brussels with the closure of that metro system. shut down the entire system and not just the stations that were reported to have been targeted and so right now there's going to be paralysis in the belgian capital. lots of traffic, nothing moving in the metro and a lot of confused and scared people. >> alex, i should mention we're getting word from american airlines, you mentioned one might have taken place in a terminal where american airlines operates out of so the word is right now we are aware of an incident at the brussels airport departure hall a

there are tools that are used in development and across the nation and scientist are trying to figure out how these tools work and how long they work and how to best implement them. what do you do if these tools don't work or if the animals do continue to go in the trend of what we are trying to avoid as aggressive behavior. what do you do? the first frequent question is why aren't you relocating these animals? take them out of here. i want to clarify that it is illegal in the state of california to do that. that is not an option. it is never going to happen. translocating an animal is not an option. getting that information to people that that is not an option. the only option at this point is lethal removal. it has happened, and it is not an option that we want to jump to immediately, and we want to know for certain through our procedure that this is the only option. and we have a committee that we group, we regroup with our committee which i have shown before, a lot of agencies, and we discuss, it's a case by case specific every time whether or not this is the appropriate managemen

you are wondering what they are doing, but i really think, in this case, they are trying to solve their problems. the problem is that they have to get goods to people and consumers quicker than ever before. emily: how big a threat do you think amazon actually poses to fedex, ups, dhl, the u.s. postal service? paul: please, take out the u.s. postal service. no, i don't think it does. it is easy to get negative and say this is obviously a shot directly at ups or fedex. while amazon is a material component, by no means, it is not over -- i think the deeper issue here is that we have a company that feels like it has unique needs. it has the unique needs that has to get stuff overnight or even same-day delivery, large packages, and do it in a way that fedex and ups were set up to do it as conveniently as amazon would like. i think this is really about solving a unique logistics problem that amazon has created for itself by its amazon prime program. this is really the flip side of the remarkable success of amazon prime and you are seeing in action what the company has to do to meet its obliga

. >>> we are live in ohio. the democratic candidates for president are here. >> and the voters have fewer than two days to make up their minds. >> announcer: tonight, the the democrats are in ohio answering directly to voters in one of the key battleground states. >> i want to be the president for the struggling and the striving. >> we have a long, long way to go to rebuild the american middle-class. >> announcer: hillary and bernie sanders sharing the spotlight and the scrutiny. >> it matters with what you say when you run for president of the united states of america. >> announcer: pressure is mounting as the the fight for delegates enters a crucial round. >> we are doing the win here on march 15th, and together, we're going to transform america. sfwlns this is a cnn tvone town hall democratic e event and a chance for the voters to have their say in a high-stakes contest for the nation. >> we have a number of issues. >> this is our country, and we can do a lot better than we are doing now. >> announcer: the v

these are challenges people are facing. so often the answer is, did you know that jesus christ is your lord and savior? that that can transform in a way that 1000 government programs can never touch. [applause] and so, i think as much as we can be empowering faith-based operations, as much as we can be sending it to state and local level, the better. the philosophy should be that the social safety net should be a trampoline and not a hammock. >> that was a great quote. senator cruz: ice -- i think of these issues often from the perspective of my dad. my dad spent much of the last couple of days with you guys. [applause] when my dad came to america in 1957, he was just 18. he couldn't speak english. he had $100 sewn into his underwear. he washed dishes making $.50 an hour paid his way through school. , i try to think of every challenge facing this country, every domestic challenge from the perspective of my dad, how it would have impacted my father. if my dad were washing dishes -- if he was making $.50 an hour, if there wer

my people are nice. they are great. my people are great. my people are great. so here is the story. we get up and make the decision. people in the audience were devastated. some of them got eight hours early. they are standing there for eight hours like you. raise your hand. we love you. don't worry. i will sign autographs. don't let them rip you away from that. anyways. what happens is everybody was fine and behaving. what they have done on the other side, moveon.org, one of these groups. these are bad people. these are people that don't want to see our country be great again. i am telling you that. we can get along with people. we are going to unify the country. our president has divided this country so badly. he has been -- the great divider. when he got elected i said i don't think he is going to be a good president. who knows. i wished he were. i wish i didn't have to do this. but we have to. we have no choice. when you look at the iran deal, the horrible trade deals, our jobs are being sucked away. it is unbelievable what is happening. our military can't beat isis. it is being

the lawyers are winning. the loggers are losing. the communities are losing. the environment is losing. i appreciate the comments on insects and infestation certainly of the pine beetle. we can't even harvest dead trees oftentimes because we are getting challenged by these fringe groups. in fact, i just saw a study showed that the forest service completes more time-consuming environmental impact statements than any other federal agency. just look at the report here this morning. the forest service spends $365 million a year complying with federal laws and regulations. my question, chief tidwell, as we look at the solution to go forward here, as we need to certainly, an support changing the way that wildfires are funded as well as ensuring a move towards active forest management and i think a big part our big barrier of that is litigation, if congress provided litigation relief and regulatory relief in a way that maintains the public trust, is it fair to say the forest service would be able to get a lot more work accomplished on the ground and perhaps in a shor

they are who we are fighting for. their family and millions of families never stop working and are always looking to make life better for themselves and their kids, take that -- make that the reality. i know that if we are determined and committed, confident and optimistic, we can deliver on those possibilities. i want to be a president who gets up every single day and thinks about what i can do to help the struggling and striving americans. can do to help our children and grandchildren, what i can do to make it absolutely clear we were going to produce good jobs with rising incomes and we are going to be who we should be, consistent with our values, that we will reject hatred and fear. that we will decide we can do better together. that is my hope for this country. i hope you'll join me and that. i hope i will be there with you. i hope i will be your democratic nominee. i hope we will fight against whatever the republicans put in our way. i hope we will win to continue the progress to move into the future with optimi

there are certain types that they are not allowed to buy. with a combination of those things, you might make some difference. you really need to go for something heavier. government debt, that would be a no greater. -- no-brainer. retiring debt is not allowed. at least not public debt. does the ecb disappoint the market on thursday? wolfgang: there is a point. they have learned their lesson. i think the market will be happy on thursday. will they still be happy on friday when they've actually thought about it? good point. up, tesla shares saw jumped after a very positive review about the latest model s. shows the will winners and losers coming up. blythe masters will be her with her take. alix: welcome back to bloomberg markets. scalet: it's time for the business flash. alix: owners of small businesses are less confident in the economy. small business optimism fell last month to its lowest in two years. six of the 10 indices declined. scalet: shareholders are battling to change the airline. they are nominating six candidates for the board. t

the challenges they are facing are large.ak shape in terms of high inflation and serious fiscal deficit. promising, it looks it is not a fixed problem yet. david: what about the currency? diego: the currency is free, and that has made a bunch of recent , m&a that have not closed deals that have not closed. when you compare the argentine peso to the emerging market, it is not cheap. when you see what other countries, including brazil, have experience, argentina, the peso should be even weaker. david: let's turn to something that appears to be distressed -- brazil. are you more interested in brazil? matt: i am looking at wcrf on the bloomberg. i put the argentine peso in as a baseline. when you look at argentina, it is a bit misleading because the base that you are using for the devaluation is a currency that was obscenely overpriced. seebsolute terms, when you from a longer standpoint, the is more extensive than the colombian peso or the brazilian peso. with brazil, it is not necessarily the same as it was with argentina. the

technology is when you are some -- you are short.refulave to when we describe our shorts because our holding time is three to six months. vonnie: is it worth it to get -short fund or is it worth it to get into an etf that tracks them? tost: we would be confident say what we do is impossible to put into an etf. it is hard to put human capital especially on the short side of the portfolio, it's for the clients to decide. competes withing the more traditional hedge funds and those vehicles typically come with liquidity profile that look much worse than now. comes with carried interest as well, which we don't charge in our mutual fund. tos always up to clients decide and ultimately come it's about investing and securing on both sides of the box and building a long track record. we want to provide appropriate risk reduction returns. vonnie: thank you very much. coming up, square reports earnings after going public. the key question to watch -- asian -- is jack dorsey distracting him and can the company finally turn a profit? here are some

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you are so few in number and they are making a lot of money. >> those are facts. [laughter] >> as i mentioned, we are very trying to work within our community and enable and empower businesses and small businesses that's part of what the general services and so were taking on, all of the things that we are doing, all the things that we've mentioned trying to get new businesses in and doing business with the government for the first time, the -- you have to be registered in sam.gov, you have to be a registered business owner. these people are doing business with the government for the first time. it's giving them a lens into this new experience. yes there stuff all over the country and specifically in d.c. trying to do this and making a lot of money. i think what we are doing and you have heard to say this in various ways, we are shipping code and software but at the end of the day we are shipping culture. we are trying to fundamentally change the way that these things can get done. so it can go faster, better, and cheaper. you can have all three, you don't have to

mark: how are little -- how are low oil prices affecting companies that do drilling? drilling is here and an interview is coming up soon. head to the markets desk were julie hyman has the latest. julie: things are not progressing apace here in the u.s. gainsp 500 hanging onto thanks to energy stocks. the dow and nasdaq not doing much. some decliners in biotech weighing down the nasdaq. after the check inventory report that size larger than estimated build in inventories. a couple of things going on. we saw a large drop because the build last week was so big. that means we did see a declining build in inventories. there still remains this optimism in the oil market that the drop we have seen in production will lead to a -- declinesurprise in supplies. then there is the technical bounce. in terms of what is contributing most to gains in the s&p 500, we've got a combination of some of the oil movers like chevron and exxon that have been rising as well as big cap tech stocks contributing to some of the gains. all of this money going into stocks. we are seeing some of the

shares and lse which are in merger talks are trading higher. a crucial victory with the u.s. government. in your court ruled it doesn't have to unlock a drug dealer's iphone. is on capitolpple hill to testify before the house judiciary committee. we do not know when tim cook loretta lynch -- an exclusive interview at nine clock p.m. u.k. time. that is bloomberg is is flash. hans? volkswagen ceo says regulation talks with the u.s. has intensified and will resume on thursday. company may have to buy back some $6,000 cars -- some 6000 cars. bloombergs ryan chilcote is having all the fun. he asked him where the money will come from to cover the cost? company whichis a is able to handle the money and one of the most important things to set priorities with the things for the future. .ind of audit program immobility. progressive a issue. ryan is having all the fun. at least we have the data here. i want to bring you into this chart. this shows you the spread between volkswagen's voting shares and nonvoting shares. here is where the emission starts. th

some are related to the topics we are talking about and some are not.e the time we have. some people wanted me to ask you about apple and the situation with them and the fbi. [applause] you are trying to persuade the tech community that they should work with government, but it looks like government is the enemy of the tech community in the way it is dealing with apple. the question of want to ask you is putting aside the specifics of this specific case, the company and the fbi, there are big questions around the idea of how you balance the need for law enforcement to conduct investigations and the need for citizens to protect the privacy. this is the privacy versus security debate. where do you come down on the privacy versus security debate? president obama: first of all, i cannot comment on the specific case so let's set that aside. value our privacy and this is a society that is built on a constitution and a bill of rights and a healthy skepticism about overreaching government power. before smartphones were invented there isis day if probable cause t

we are not using it yet. we are still meeting. this has been years and years in meeting but we are on the homestretch and we'll address that soon. >> let me press on this one a little bit now. the homestretch is around the block? >> i don't know. your guess is as good as mine. >> what are the barriers at this point? is there something we can do from this seat? >> i really don't know. it's language. >> i'm sitting here and i have heard similar discussions years ago and i'm, you know, you are frustrated, i'm frustrated. frustration by itself doesn't do anything. what is it that we need to get this moving. we can't be sitting around and having more kids fail. we need to share with the community members and they need to be doing their part in this. it's really frustrating to me that we are not there yet. >> supervisor yee, i agree that frustration goes no where if we just sit here and hearing the presentationarily yes, sir, it gives us a sense of urgency to do something. i have to say through your leadership in developing the children

there are tools that are used in development and across the nation and scientist are trying to figure out how these tools work and how long they work and how to best implement them. what do you do if these tools don't work or if the animals do continue to go in the trend of what we are trying to avoid as aggressive behavior. what do you do? the first frequent question is why aren't you relocating these animals? take them out of here. i want to clarify that it is illegal in the state of california to do that. that is not an option. it is never going to happen. translocating an animal is not an option. getting that information to people that that is not an option. the only option at this point is lethal removal. it has happened, and it is not an option that we want to jump to immediately, and we want to know for certain through our procedure that this is the only option. and we have a committee that we group, we regroup with our committee which i have shown before, a lot of agencies, and we discuss, it's a case by case specific every time whether or not this is the appropriate managemen

are a number of uncertainties. there are blockages.we get together at the g-20, the leaders make commitments for open trade, and they go there and take a bunch of protections. this is not helping. the other thing is investment, the seed of tomorrow's growth. investment is about half of the speed it should be growing because of uncertainties and regulatory issues, and ultimately because of the financial side. credit is not flowing. there are restrictions on the sector, on institutions. last but not least, the reason we are growing so sluggishly in the last 10 years, the engines of growth, emerging economies. china is slowing. brazil is in the recession for the second year. those are no longer the cylinders of the engine of growth. tom: we are coming back with angel gurria. important research on our cities and global inequality. today, live coverage of federal reserve chair janet yellen's speech at the economic club of new york. she wants to get through it without moving markets. that will be challenging. will give questions to chair yel

you are down to the left lane, right lane compromised here at troop are road. 422 westbound we are dealingith this yesterday and dealing with it again today. make note if you try to make your way westbound on 422. overall things are looking good. they are getting that cleared out of the way. one area we have this accident police and fire are on the scene here. the this is college avenue southbound at pulaski highway route 40 all lanes are block you will have to use an alternate glass co avenue or sunset lake road. give yourself a couple extra minutes, avoid this area if at all possible. now back to you. >>> authorities in florida brave a fiery crash to rescue a woman stuck inside a burning car and it is all caught on camera too a tanker truck and other car collided and flames took over. when sheriff a's deputy returned to the scene he found a driver of the car pinned by the crushed steering wheel, seat belt and air bag. with the help of another deputy they were able to pull that with man out to safety, wow. >>> another act of heroism, this one by a five-year old from texas. when allison an

they are like pretzels. they are like pretzels. good, get them out. go home. you are lucky. are lucky it is not 10 years ago. 10 years ago would have been a much tougher situation for him. you know, different. you know -- you know, speaking -- they talk about waterboarding in all of these toferent things, and we have a baby laws, but do you think isis is obeying -- we have to obey the laws, but do you think isis is obeying the laws? i say this and i say this very strongly -- some realhad protesters. some protesters with guts. remember when the young women came in and took the podium and the microphone from bernie sanders? what did he do? he retreated. he went back here. they took over the microphone. i promise, i'm representing you. i promise, that will never happen to trump, ever! see, our great police? did a great job. thank you, police. we love you. we love you. they don't play games. the police in this country, believe me, the police are not treated fairly. one mistake, someone was a bad apple, it is played in the news all the time. we have to give more credit to our pol

there are multiple threat streams, intelligence services are tracking, but they are essentially overwhelmed by the sheer volume of it. and there was a high level of concern tonight another attack is going to happen in the near future based on this intelligence. and just the fact it's so relatively easy for these isis operatives, many of them trained in syria to launch these attacks. case in point after the attacks, some of the operatives remained in europe and then went on to launch the brussels attack. they see that trend continuing. one official said there's not that calm between storms like we're used to seeing. >> any specific information on what countries may be targeted or what types of places may be at the highest level of risk? >> we're learning more about that based on intelligence. the concern is really focused on belgium, france, germany, spain and the uk. and the belief is that the isis operatives will target run of the mill everyday places people go to like restaurants, metro stops and tourist sites which i think you saw that reflected in that state department alert. one big qu

there are problems and they are inexcusable. comewe are talking about these things are all tied together. if it were up to me, you would have one budget that would include the the a -- the v.a. as a nation, we need to understand that the va hospital serves a critical purpose. i think there are chances for reform. i think you need to because she is giving a card. the card in rural parts of america means there are no doctors or general practitioners and many veterans want to go or they are known. v.a..e work to do in the you give them a card and we wash our hands of it -- the va less of ans far infection rate than the general hospitals. we have to make sure we are providing the best of both worlds. don't think that we are just asking for in strength numbers and not having that. that is a top priority that goes hand-in-hand. once again, peace through strength. nothing would make me happier. are just reviewing history and trying to apply the lessons. i would just add that what we we have tried -- to improve the v.a. and we have been

michele: they are always connected and they are always comparing prices.ime, they behave conservatively. sometimes they buy products which have already been successful. this is what would be interesting to understand. also, the destination of how they will spend time. probably, leaping in a different way, the other we will reserve for the future. francine: this is a game changer. how much do we know about how much they look at celebrities, how much they are influenced by what they see on instagram or twitter? michele: celebrity is something that always works. from hollywood, also the local celebrities, the people who have considered important in the asian life. you korean actors, hollywood, i think they are also moving the young people faster. this appears in the way they the are spending, the places they are visiting and also traveling. they are traveling to resorts, not only to the big cities. they have a lot of background on where they're going. they could become better consumers than the generation before. francine: have you had to adapt your style? th

and at that point rather than say are people following this guy, how are they acting and how are theyehaving which is awful and a serious issue, what we ought to be saying is that this man, no matter where he is coming from is he is too much of a fool to not know that mussolini was the ally of adolf hitler and the advancement of the genocidal war against humanity and a war in which hundreds of thousands of americans sacrificed their lives and their body, if he sits there, he got a good quote now and again. that is the point where the media system ought to say this is not bias. this is not opinionated journalism but it is a fact and to cruel and unusual to be the president of the united stateses of america. >> let me just give you an opportunity to address another question. >> you know, you might think with so many people registering with no party affiliation they might be calling for us. so why are they not hard for us to be more bipartisan. and so tell me about that. tell us about that. that move what is it about the movement towards independence and why people are not calling for mo

we are going to have to step back and review where we are. was one of the instruments, which is the seismic instrument, being developed by the french at the friend's page -- front -- at the french space agency. they couldn't get it together. sphere that in a has no air. and the sphere kept leaking. so seismic instruments are instrument that even a little mars wind could easily wreak havoc with the measurement. a vacuum, we opened a port and we have a vacuum. andars it has an atmosphere we have to bring in the vacuum. we have never done that before. this was challenging technically. they couldn't quite get it together. for had several attempts the leaks that did occur. they decided we couldn't go through the process of fixing the leak and getting it on board the spacecraft in time for the march launch. that means now is we are stepping back, we are going through a hole review so that the next step -- the french are solidly behind its -- behind this instrument. it is going to tell us a enormous amount about not only the thermal history of mars,

there are numbers are through the roof. people are making statements they have never seen in modern times, a party that was so energized. i think if someone is doing as well as i am doing, and i am not just speaking for myself, but if i am going to win 5 -- i already 15 -- it could be nine. if i am going to win all of states, and at- it is awfully hard to say that is not the person we want to lead the party. question, is a great because i really think that one of the biggest things everyone it sees happening, is the republican party has become more dynamic and diverse. we are taking from the democrats and the independents. we have a lot more people. take a look at south carolina. look at the numbers from four years ago. then -- i was there, you had it lines a mile long. it virtually more than doubled. we have a very, very dynamic party. and i think we will be able to unify the party. i think we will get along with everybody. i don't know paul ryan well, but i hope to get along with it. i do know mitch mcconnell a little bit