he bought barrick gold. >> gold stocks are interesting.that exist information the world would still be less than the capitalization of -- gold stocks are notoriously expensive versus underlying asset and there's a reason for that. market weighted on the materials, i'd rather get my expressier through the big oil companies right now but i'm definitely moving towards materials rather than moving away from them. >> we've got three fed speakers we'll hear from today. what's your latest expectation? >> i think we get one or two. the most important thing, not how many rate hikes but how many can encourage or discourage growth. whatever the interest rate is, if they're trying to encourage growth, that's pushing towards the economy and that's good. >> john manly from wells fargo. >> just click on the results of our twitter and facebook poll of the day. we asked if you the consumer is in good shape ahead of cpi and earnings. 48% said yes. 52% said no. the no vote wins. >> yes. that's pretty telling. >> and home depot and t.j. maxx. >> that's it. "s

looking at barrick gold. this has become a crowded trade this year. this is the gold price in white and you have holdings in gold etf's. just see it climb and climb. as of yesterday, it had gone up for 14 straight days. it is a common view right now, or at least a common hedge. it doesn't mean people think the sky is falling but at the very least, it is an insurance policy. jonathan: and big news on the currency trade as well. ,> we are watching currencies so we have got the rand and the ruble here. these are not the dollar versus but rather the other currencies versus the dollar. they are actually going in the direction we are seeing here. we have seen them bounce off the bottom but over the past couple of years, they have been down. that has been good for the miners costs. jonathan: the miners have been deleveraging as well. >> we are looking at the leverage, we haven't seen that much of a decrease but we have seen something of a decrease. in general, these miners have been slimming down as well. we have seen the same thing in the energy industry be

tom barrick is helping him. why is he endorsing trump for president?t. ♪ youlet's get to first word let'st word -- emma: get to first word news. has a lead over bernie sanders, 51% among likely democratic primary voters, percent per38 sanders. california holds its primary next week. americans overwhelmingly supporting changes to the presidential nomination process area 38% said they have little confidence that the democratic nomination process is fair or into a poll by the associated press. 44% said the same for the republican party and 40% said they only had some confidence that each party had good nomination systems. a return of more than 80,000 residents to a fire damaged oilsands city, beginning tomorrow as planned. 2400 structures were destroyed. 19% of the city remained intact. the philippine president-elect is promising a crackdown on drugs, saying he will pay bounties to military police or officials capture drug traffickers dead or alive. $64,000e will pay up to in use leftover campaign money to finance the bounties, which he says will target d

the private equity firm founded by tom barrick is working with northstar realty finance on the bed. 2013 off in it had a value of $2.3 billion at the close of last year days -- yesterday's trading. scarlet: and the island planning board is planning on the fifth straight year of decline and a 1.2% contraction in the current fiscal year. meanwhile, the treasury --retary visits next weekend week to highlight the impact of the debt crisis. that is the bloomberg business flash. joe: results from the uk's wasonal -- says there little move for the change that britain wants to leave the european union. is the largest test outside of the general election and it seem little could change. joining me now over the phone is mike smithson. thank you for joining us. what is the number one takeaway for you for these elections? guest: the big takeaway is the new mayor of london is a muslim andidate who is going to make big statement about london. he will be the one who is the public figure. succeeded after one of the dirtiest campaigns. they were trying to make out that he was somehow associated with extr

erik: i think barrick admires trump's pragmatism. deal maker and barrick has seen that firsthand in real estate transactions dating all the way back to the 1980's. it is interesting to see is not anho extremist, who is not angry, who is not left behind, who is not a all ofsupports trump for these other reasons that other people do not see. how personal this connection seems. his trump missing a trick by not getting more friends and business people that know him as a man, no his relationship with his children, how he is still with his family. that interview was quite revealing of trump's personality. should he be doing more of that? erik: i suspect he is doing some of that behind the scenes but you have to believe there are more people like tom barrack out there that have dealt with him over the years and fined him to be a far more agreeable sort than most of us might see based on his public persona and the hyperbole at his rallies. said, there are probably a number of people who feel like they have been burned by donald trump and the

and under the metro system where construction honors military barricks nearly 2,000 years old.he morning, see in you about ten minute. >> thanks, nor, a we will be watching. >> well, some of the top horse riders in the world are competing at the devon horse show this week. >> "eyewitness news" reporter jan carabeo is live in devon this morning, for the annual tradition, hey, jan. >> reporter: brooke, jim, good morning, we are talking ponies, should look familiar, take a look hine me, in the devon shores show and country fair emblem, that's a a pony and here is one in real life. meet the perfectionist, said we would meet world time champion horse, guess what, i am told that he is not camera ready yet. but this one is, perfectionist, beautiful pony rodney hicks, he's the trainer, who are we looking at? pretty long resume? >> perfectionist there is pony has been shown for the last five years. he's a two time reserve world champion, world championships in louisville, kentucky. >> and world champion in canada? >> and national champion in canada at the world fair in toronto in novemb

they're going to have their first major fund-raiser on may 25th in los angeles at the home of tom barrickg time investor and friend of donald trump. >> the guy behind neverland ranch, isn't he? >> that's right. he owns the neverland ranch. he's famous for buying some of these celebrity properties that fall into hard times. so trump will be raising money for his own campaign but also trying to raise money for party officials. will some of that go back to repaying his loans? that's expected, based on my reporting. >> francesca, the problem for trump is that he's in a huge financial hole right now. the numbers from the end of march found that clinton had about $29 million on hand. trump has just over $2 million on hand. so in practical terms for the trump campaign, what is the potential impact here? >> in practical terms, it's going to cost $1 billion to run a general election. possibly more. it would be very difficult for mr. trump to come up with all of that money on his own. he's going to have to fund raise. that's why he has to make nice with the republican national committee and with pa

but soros, here's where he's bullish, 19 million share stake in barrick gold. a gold option. i was looking at you when i said some people -- >> but, the -- >> they probably talk to each other. >> they still talk to each other. we should say this is the first return to gold in three years. he once called the metal the ultimate bubble. in contrast to soros, john paulson a little bullish. slashing its investment in the gold trust by 17.4% to 4.8 million shares. this is the third time that paulson has reduced his stake in a year. maybe next time he walks past the set on the outside -- >> there's a huge s&p put that didn't work. your buddy, remember the puts he sold on the s&p and took in billions of dollars and the market never went below what -- but soros, a couple years ago. things go really fast. and i was thinking about it was like ten years ago. so it could have been -- i remember things like as you get older, you can remember your childhood, but you can't remember what happened yesterday. >> i'm with you. >> are you really? >> i have to tell you. >> that could be something

. >> around 2,000 years ago, these were military barricks. >> they were decorated with mosaics. >> theooms were used as weapon storage and sleeping. 13 adult skeletons were also uncovered. >> if we had not built this station, we would never have phone this roman remains. >> the plan is to have an architect design a way to incorporate this into the metro stop itself. it will be the first arc logical station and along the lines of ruins museums. >> a sub way system that has been plagued by delays. are we seeing the reason here? >> no, the problem is not the archaeology. the delays, in construction of the metropolitan due to a science problem. >> not having enough money? >> not having enough money. >> yes, another very roman issue. the subway system is not scheduled to be completed until 2021. there has been plenty of delays. many for a farless visual, but ancient problem, construction. >> doesn't the coliseum look good ons seth? >> ibm watson mastered trivia, but can it master songs? >> so it listens to this piece, and it deconstructs this piece of music, learns from it and gets inspired

>> barrick and trump go back for years. they met over a deal, a real estate deal.e sold trump the plaza hotel in new york. i asked him, you're select group of people who publicly support trump and backing him. i kind of pressed him why other wealthy donors just weren't there on trump yet. listen. >> if he is so pro business, why do you think you're one of three people in the business community that is supporting him? >> because i think smart business people prudently would not commit yet. it is too uncertain. >> they have in the past. they have in every other presidential election. >> you can look at jeb bush raised $180 million in 30 days. everybody knew who jeb bush was. the big whales came in. they're not sure who donald is. he doesn't owe anybody anything, which is frightening to the establishment. they're uncertain. so just like paul ryan, i'm not so sure that they're wrong by not endorsing him. i think what you're going to find is that they will end up endorsing or accepting him. >> so tonight's event really marks a turning point in donald trump's campaign, w

it grates a pretty barrick question. i'm hosting me cha esaw.od shape would be lock annette gas and at the same time shorting a copper. fair to say. >> absolutely. >> a. it it, buddy. here's what's on the hour for the breast of the someday. nasdaq trading above its april average. we'll be trading the qqq on trading nation coming up. plus, the future. of -- leavur phone at home. >> this guy implanted a payment check ghoo his hands we'll tell you what the best bug spray is right now. we'll tell them out when "power lunch" returns. ent. ent. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. quite like the human foot. introducing the 255 horsepower lexus is 300 all-wheel-drive. with twenty-five percent more base horsepower. once driven, there's

these markets and those gold prices, jichl was talking earlier, those are the two big names, newmont, barrickook at the market vectors gold miners etf. for those etf players and the junior gold etf we are seeing a little bit of a pullback. remember, they surged last week. that junior miners etf, carl, doubled. back over to you. >> dom, thank you very much. let's get to the bond pits. rick santelli's at the cme in chicago. good morning, rick. >> good morning, carl. rates definitely slipped as all the meetings came and went, i'm talking central banks. but we are holding the lower end of a range in the u.s. and bund yields are a bit firmer off much lower levels in europe. let's look at intraday of tens. it readjusted rather quickly as we moved into our time zone. one-week of tens shows you that these, you know, low to mid 180s, it's been a while since we had a 170 on the closing basis and that is significant. now, if we really want to look at what's going on bund's one-week chart shows a difference, looks as though some rates overseas are having a relative pushback in a different direction than