we caught out with marriott ceo arnie sorenson.e says marriott operates in 110 countries and they've seen the down trends in foreign travel to america. >> 1.3 billion trips, up 7% from 2016. u.s. arrivals were down 4 to 5%. you can see in one year we're losing share. >> reporter: it's a decline that began after trump took office, leading some to call it a trump slump. >> i think we've done a fairly poor job in communicating a welcome to the rest of the world or an invitation to the rest of the world. the president is newsworthy all around the world, people pay attention to what he says, and he has a point of view which is communicated loudly. at the same time we can be saying, we want you to come, take your vacation with us, do business in the united states. come and see us, we're great people, we're friendly, we're welcoming. because i think the world is hearing that maybe we're a little less welcoming than we were before. >> reporter: now tourism and retail leaders are reacting, launching the visit u.s. coalition and asking the t

that was marriott international ceo arnie sorenson. it is now time for bloomberg business flash.e of the biggest stories in the news right now. nine west plains a bankruptcy filing. the prearranged filing is from march 15. it is part of a plan to restructure almost $1.5 billion in debt. they could sell of parts of a shoe and clothing business as well. new tv has named meg whitman as their new ceo. they will provide customized short form entertainment. whitman, whose role of take effect march 1 was most recent ceo of hewlett-packard enterprises. that is your business flash update. thel ahead, we look at ishares in metals and mining producers, a rebound in industrial metals. up 24% in the past year. this is bloomberg. ♪ ♪ is "bloomberg markets." julie: it is now time for the smart pdf report. we spoke with oaktree capital management co. chairman howard marks. where smart beta funds fit in the debate between passive and active investing. >> charlie monger what said to me, none of this is meant to be easy. anybody who thinks this is easy, is stupid. can you do better by going from a