it had an impact on bhp in london, off 8.5 percent. rio off 9.5 percent. look at green core, up 18.2 percent. anglo mining down 15 point 5%. makes what's going on here in australia look pretty tame by but it also raises questions about what we saw coming out of the chinese national people's congress over the weekend. trade figures were pretty wonderful. that seems to be underpinning much of what is going on in the commodities race today. rishaad: thanks. sydney.en in let's have a look at what we are watching. theambition to become world's biggest cinema chain. getting a bit of pushback. we have that story and some of the others we are following. >> a bit of a stunner in the works. china has a richest man's plan .or cinematic dominance shareholders have put their foot down on the sale. amc entertainment has a $1.1 billion offer. the company says it intends to vote against the merger because the share price of $30 is too low. it's also planning to encourage other shareholders to do the same. all of this could potentially thwart amc's plans to become the worl

bhp 8.5%. real more than 9%. glencore off 18%. so i very tough night for commodity stocks. -- ands what is looking makes what is happening here in australia looked pretty tame. takata share price taking a hit. this is one of europe's biggest heads bronze -- hedge fund stepping up against it. a global safety crisis. breaking news coming out of the race for the presidency. hillary clinton has won the mississippi democratic i marry. black rock -- democratic primary. blackrock says it will have to lock the doors instead of devaluing the yuan. does rick reader say is in the cards? zach: we have seen what they've done. the chinese stock market meltdown, yuan depreciation in august, and subsequent capital flowed out -- out oft a two note china acted the note of $2 trillion. china had to burn through half $1 trillion to defend the yuan after they devalued it. and the burn rate has slowed. but that is still quite a hit. a stronger dollar combined with six interest-rate cuts in china in little more than a year further lowered confidence in

>> bhp, looking at iron ore, more than a bounce, bhp is clearly tethered to this and moring to in the mining space. >> >> steve? >> first time i don't think i gave one, oh, i did, dupont. i was waiting for that. dupont. you see that competitive bid. i think it goes higher and been long it forever, thank god. >> b.k.? >> so on this rally and going into an ecb that may do more -- even more negativer rates, short deutsche bank here. >> guy? >> take profits marathon oil, big profits report. >> big, big, big. do not move, "options action" starts right after this break. stay tuned. stay tuned. cl are when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. great, that's what i said. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. >>> hey there, we're live at the nasdaq market site and look

bhp -- everyone. >> we are doing a christian concert, latin concert, a disco concert. something for everyone to enjoy. >> march 17th and ends april 10th. >>> vanessa borge is like mes not the wild rides like you like. like the wild rides. the drop of terror that's amazing. let's show you now, our cbs 4 camera, looking west dorel, high clouds from time to time in the coming days, moisture over the gulf. high level moisture headed our way 80 miami. 77 fort lauderdale. 79 key west. on the humid side 62%. southeast breeze, helped the sea breeze come in and break the heat of the midday sun, coral springs, 80, feels like 84. 85 sunrise, 82 tamarack, feels like 85 red land. temperatures thanks to the humidity, feeling warmer. normal is 80, we depending on where the sea breeze came in, in the low 80s or upper 80s throughout south florida, similar readings tomorrow. say good-bye to the 80s for the rest of the day now. temperatures cool off, lows in 80s tomorrow, tomorrow night 60s and 70s. temperatures back to the 80s for highs. a early spring-like summer like pattern we are in

jumprday, the iron ore we saw -- we heard from bhp commenting on this.s does not change the outlook of the china shuift. it does not change the mid-to long-term outlook on china. anglo american and bhp are on the downside. og has been they company to watch. that is down 5.7%. lookningrs anre not too pretty. clearly, this is a company that continues to field the slowdown owdown in a sl smartphones. we knew burberry would jump. we understand a mystery investor has been buying up 5% stake in this company. hsbc is the key holder of that stock for them. we will see more speculation of a rise. hans, back to you. rwe npowern utility 2015.ported a loss after comparedting loss was to a profit of $227 million earlier. the german grocery store -- turning us now is bloomberg's managing editor for energy and commodities. william has never confused a grocery store with a utility. he is a smarter man than i am. what is happening with the u.k. business. >> it is a very troubled business. rwe npower always ranks lower on any survey with customer satisfaction. what we hav

he won 2 super bowls in his career and rides off into the sunset with 5 in bhp -- mvp trophies and a laundry list of casting -- passing records . >>when someone is ed ross -- exhaust and experience they i love football so you don't have to wonder if i will miss it here absolutely. absolutely i will. >> drg 3 era in washington is now over. rj was released today. he hasn't been the same player after a number of injuries. >>> the panthers are fighting to stay in the playoff pictures. jonathan is back in action after missing the last 6 games. first period, boston dropped the first spot on florida. roberto done after one. you see in front, then one of the newer panthers, yuri knox in the rebound -- knocks in the rebound to tie the game. we're headed into overtime but the berlin stop the bleeding. florida picks up a point but >>in tennis, maria failed a drug test earlier this year. now her tennis future is in question. the drug she was taking is called mount onium. she claimed she was using it for 10 years. that went on the bands -- been substance (donkey sound) (elephant sound) there's a

the company which is co-owned by bhp signed the accord in the capital. compensation will be paid to the victims over a period of 15 years. a senior executive at facebook has been released from brazil prisoner. the vice president spent 24 hours in a jail for defying a court order. it demanded data from the company's what's that messaging service to use as evidence in a drug trial. it follows a hearing between tech giant apple and f.b.i. over unlocking information on a terrorist's phone >>> the mexican drug lord joaquin guzman says he wants his extradition to the u.s. to be speeded up because he can't stand the conditions of the jail he is being held him. he has been told to negotiate with the authorities for a lighter sentence and transferred to a medium security prison. mexico is holding him in a maximum security prison. he had previously vowed to invite extradition as long as possible. there have been several calls for the president's resignation by the opposition. >> reporter: catastrophic. it was the word the president chose to describe his country's

he won 2 super bowls in his career and rides off into the sunset with 5 in bhp -- mvp trophies and a laundry list of casting -- passing records . >>when someone is ed ross -- exhaust and experience they can't help but revere it. i love football so you don't have to wonder if i will miss it here absolutely. absolutely i will. >> drg 3 era in washington is now over. rj was released today. he hasn't been the same player after a number of injuries. >>> the panthers are fighting to stay in the playoff pictures. jonathan is back in action after missing the last 6 games. the first spot on florida. roberto done after one. you see in front, then one of the newer panthers, yuri knox in the rebound -- knocks in the rebound to tie the game. we're headed into overtime but the berlin stop the bleeding. florida picks up a point but loses 5 - for. >>in tennis, maria failed a drug test earlier this year. now her tennis future is in question. the drug she was taking is called mount onium. she claimed she was using it for 10 years. that went on the bands -- been (donkey sound) (elephant sound) there's

. >> i talked about bhp for a couple of months, much rather on a share bhp than twitter. but the shares are up 40 to 50%. i'm not saying it will never go down again. i'm not saying the price of copper is going to rise forever higher, i'm saying this is tends to be the way share prices bottom. and bhp is down probably 70 or 80% off the highs four or five years ago, you're not talking about new highs, you're talking about have we seen the all-time lows and the answer might be yes, maybe. by the way, i don't -- the theme for most investors is not to sit there and time these things. it's you have to have a little paeshs. you shouldn't think the world is coming apart every 15 minutes. >> is this a donald trump rally? don't talk to me about that. >> we are going to talk about it and move to politics and talk a little bit about what's happening. today's employment report could overshadow the fireworks from last night's presidential debate although it's hard. our next guest has a op i have ed, i voted for trump to destroy the gop and outlines how the death of today's republican p

bhp billiton has reached an disaster in the dam brazil, 1.1 billion dollars over the next three yearss brazil's worst ever billionsntal disaster, of leaders of toxic sludge killed 17 people and polluted local waterways. it may cost up to $6 billion for the cleanup in the long term. selling assets from the u.s. and india to raise $30 billion for its takeover of bg group, which ,iped out $10 billion in cash including steaks and oil fields and india. indeed the slump in energy efforts to find buyers here. u.s. carriers making their portion to cuba. you as transport authorities will review requests and may award the contested havana slots the summer. allows foragreement up to 110 additional flights, five times the current operations. debris with aviation, found off the coast of 370mbique, maybe from image 370.rom mh we have been covering this from the get-go. what has this turn of events told us? leading the search says the location is consistent with a drift modeling it came up with. the u.s. says it is from the h370, and of plane as m others say it is an area where debris from the india

bhp billiton is on a care. take a look at oil and gold. for its third weekly gain, and that is the third time we have had three weeks of gains and's may of 2015. .ou can see crude gold is now in a bull market. it has the biggest advance among all of commodities, up more than 20% since the december low. it is currently at a one-month high. gold has been on a tear. take a look at the terminal here. i have a cos. it is a great tool that you can use to look at the estimates for any number of economic releases. but if you look get it for nonfarm payrolls, we see the average estimate is 193. . it is a great look at the spread across all of the data points we enter in order to get this estimate. by the way, speaking of that, you can enter your own estimate. we have our whisper page. touch this drop-down box, you can pick nonfarm payrolls and a number of other data points. everyone here has been playing. for the first time ever, i put in a conservative guess. usually i wanted to be way off the charts. francine: how muc

looking closely at a bhp shares this morning, the largest minor currently up more than 5%.eeached a deal brazilian government over their joint ventures. this relates to an incident in november. homes were destroyed. some of go has reached an agreement with the brazilian government. three years at $5.1 billion over the next 15 years. we are looking at china services pmi, and show swelling. we are expecting a trade balance to generate which shows that the deficit narrows to $3.2 billion. we're expecting a good boost for tourism and construction figures as well. emily: turning our attention back to apple, the company's battle with the fbi is intensifying after the general counsel and fbi director -- master key create a to unlock its proprietary software. renowned lawyer ted olson is leading their defense. we asked him about congress's role in this ongoing battle. >> i think congress should consider the alternatives. our elected representatives are put in that position in order to do that. and that's what this debate was all about. the government does not have the authority to

did catch bhp by surprise was the scale of the end of the mining boom, even though it is an emerginghat is happening now is very much a return to normality. thank you. now let us return to what is going on in india. the start of the trading day in mumbai with exports falling for a 15th straight month. the trade deficit is at its smallest in 2013. is it showing signs of slowing? the question what it means as far as interest rates, it has narrowed to its lowest level since september 2013. especially from a europe as the country's biggest export market. it has been struggling with weak global demand although the slowdown has been softened i a collapse in oil imports. company with chinese imports. a quarter of the goods exported -- raise tax on steel imports. -- sapping the ability of engineering goods to compete on a global market. macro economic data coming out of theriday, in terms bank of india's governor. calls to devalue currency. last week said central bank to curbt extend volatility. we get a sense of what the governor will announce. back to you. thank you. joining us from mumbai

mood is cutting bhp credit rating by two levels as the has the commodity route eating into profit.s has a negative outlook, but expects credit outlooks to remain weaker. shares on the way up, but it is a rising market. , andaustralia to china what is likely to happen in the next few days. be a big point of conversation as they meet for the people's national congress. expect? we are we going to get anything like policy? >> i don't think you will see a lot happening. , greatere of a general world, greater good, state of the union address, if you will. we are not expecting anything investorsbut what will be looking out for our general directions, so we expect theility, driving home point that china is looking for stability against a basket of currencies, rather than the dollar is self. what we are interested in is if he'd said something about the easing of capital controls. china happy for money to come income but not so happy to see money leave. that's what we are looking at. rishaad: officials stress that they're looking at the yuan, not from a dollar prison, but as it relates to a

tintoies like bhp and rio are at the forefront of innovation in this sector.ely running trains and drilling equipment and trucks from a perth headquarters 1500 kilometers away from the mining itself. advancementszing and innovation boosting production and supply capacity. the minister for resources and new g to us exclusively from melbourne. whatg up, japanese shares, is the government doing to boost confidence? that and more win back in two. returns.asia edge" >> it is 11:43 a.m. in hong kong. these of the stories making headlines. the man who found debris for 370 spotted a 40 square centimeter square of metal in almost exactly the same spot where he found another piece in july. the new part is similar but look smaller and the barnacles. the agency leading the search is "highly likely" the plan will be found by july. a woman's body found in an elevator in a chinese city after power supply cut eyman and screws. ony cut the electricity january 30, but did not return to fix the elevator and tilt march 1. the 43-year-old woman lived alone and starved to death in

years, expanding to more than $5 billion over 15 years, but does not include all the civil suits that bhps subsidiaries are likely to face. back,t: taking a step where expecting more economic indicators out of australia and china. tell us what they are. chinaservices pmi out of expected to show slowing but positive growth as china transitions away from manufacturing towards services and consumption. datastralia, trade expected to show a narrowing trade deficit for january come a $3.2 billion, following on from a gdp print yesterday, household construction, tourism, and education expecting to boost that number in australia. that's what were looking at over here today. shale pioneer and former chesapeake ceo aubrey mcclendon died in oklahoma city when his car crashed and burst into flames. he was 46 -- 56 years old. i read your book like the bible. tell us about how important he was to the energy industry. >> he was crucial. , ourally around 2000 nation and the biggest oil companies, everyone had given up on producing oil and gas in this country. going offshore, asia, africa, and there was

bhp hitting a bottom. we're ignoring earnings from barclays.e're ignoring barclays. >> glenn glencore. >> how with we ignore these. >> people are not talking about european banks. two weeks ago, a big krconcern. now less so. >> dudley saying downside risks are increasing. he ceasees 2%. >> he caused a rally in china which caused a rally in europe and then a rally in the united states. he was the most sanguine who replaced bullard who was more s circumspect. >> like a pasteesh. >> if not a mosaic. >> huntsman corporation doing the honers. at the nasdaq, alexion pharmaceuticals focusing on therapy in rare diseases. >> there was a period where you thought every biotech would be taken over. the biotech hangover has been one of the big -- >> healthcare yesterday, they just started selling it big time. >> holy cow. >> may have been started by valeant. >> valeant. >> a lot of things. endo yesterday. >> endo -- whoa. >> endo days. >> horizon. >> how is diplo doing? another bad one. >> valeant was in part a focus yesterday. you know, if you ever were in

>> i'm long bhp. trs remember, you've got a place where i don't think the dollar's going that much higher. i think the dollar should god a little higher here. different from brian, i think commodities are a little higher here. they're not going to get pushed down. there is inflation. you don't stop that overnight. >> on a pullback? >> sold to you on the minors. i would be selling at this point in time. you're getting an opportunity to take profits at the very least, if not aggressively selling. i still remain short the market. i think you can be aggressive, you can sell the banks like i said last night. with a yield curve flattening, you're going to have banks come in. i wouldn't be necessarily buying anything on a pullback. i would probably be covering shorts on a pullback. >> on a pullback, like amazon, if it pulled back to 170, or 250 -- >> the names that you own? >> yes. i would. foot locker is one i've talked about. >> okay. the rally on stocks since the february low is creating sticker shock in

bhp was downgraded two notches to moody's today.ntinue to have this conversation about britain possibly exiting the european union it should have been a great day for french relations, hollande holding a summit in northern france however in advance of that his economy minister made an astounding interview with the financial times if which he said if the u.k. does exist the eu that france is ready to roll out the red carpet for bankers to paris and they might no longer hold immigrants trying to get to the u.k. as far as they were concerned it would be free game to let them roam into the united kingdom if that fails. back to you. >> thank you very much. simon hobbs. any moment now former gop presidential nominee mitt romney will make a major speech. expected to call on voters to reject donald trump. we're joined on the phone this morning by vin weber. it's good to have you back. good morning to you. >> good morning. great to be with you. >> you have seen cycles come and go. how would you handicap romney's chances of being effective in

. >> bhp is another name to keep an eye on. >> make that the last word.nk you so much. >> thanks. >> coming up, nike is up 27% over the past year and ubs says that rally is just getting started. there's a herd alert on the desk as well. what side of the trade are they on? i bet you can guess that. plus go pro getting a bump today and deutsche bank is sing sinking. more ahead in the blitz. won't keep you up at night. know you have insights from professional investment strategists to help set your mind at ease. know that planning for retirement can be the least of your worries. with the guidance of a pnc investments financial advisor, know you can get help staying on track for the future you've always wanted. where self-proclaimed ofinancial superstars , pitch you investment opportunities. i've got a fantastic deal for you- gold! with the right pool of investors, there's a lot of money to be made. but first, investors must ask the right questions and use the smartcheck challenge to make the right decisions. you're not even registered; i'm done with you! i c

bhp announcing declines.

names like bhp billiton, rio tinto, best in breed, best in cash, free cash flow againtive here and these are companies you want to own. iron ore should not have gone to 36 bucks a ton, 50 this morning, even if it sells at 60, at those prices you own these games. >> the gold market, gdx continues to real. it's getting caught up with the rest of the space, absolutely, but the gold market continues to rally to. me it defies some of the logic. we can talk about maybe weakness in the dollar is part of it, but i think there's more to it right now. the gold market should have sold off with the equity rally and the s&p 51810 to 2000. it hasn't done it. wasn't to go higher. >> gld, a lot of things seem to be overextended. ecb this week, i think you see a selloff after that. >> oil equities, while we've seen a 10% move in the energy sector overall, we've soon some much bigger moves when you slice the sector up a little bit. for instance, the osx is up like 17% in the past month or so. i mean, we're seeing real pockets of strength within not just the integrateds but the services companies. >> i thi

bhp. european shares are lower. tomorrow, it is good friday. we have a four day trading week. is off of the james bullard interview yesterday. this is the five-year and the five-year forward. some people like this, some people don't. we go down. a measurement of disinflation. there is a participant -- rebound. the belief of inflation driving higher. you hear president bullard adamantly stating that an overshoot was appropriate. there is a bit of touch off the bullard interview yesterday. it was really a great interview. bloomberg.com. i wanted to talk about liquid markets. we talked to the credit suisse deal yesterday. this is the fallout of what their president announced yesterday. we have two pieces. what i wanted to show bloomberg. you on the terminal is a leveraged loan index. it hit the lowest in about three weeks. we have so many questions that are unanswered. uisse said it was going to move $90 billion. when you move $90 billion in liquid stocks, it is going to hit a loss. billion by move $90 the end of 2016. this is the key leverage loan index. tom: this is a world com

tintoies like bhp and rio are at the forefront of innovation in this sector.motely running trains and drilling equipment and trucks from a perth headquarters, 1500 kilometers away. these are amazing advancements in innovation, which are boosting production, supply capacity. rishaad: what are you going to do about it all? that is the thing. >> we will allow the market to operate its self. timeore is now about $52 a coming off lows at $40. that is a long way from $180 a ton, where was, but supply was increased as a result of dramatic investments, which was a product of the industrialization in china. continues tohich move up steadily, we'll catch up with supply, and the will put upward pressure on prices as opposed to what we have seen come a which is downward pressure on prices. rishaad: that's just the thing, isn't it, you are in stasis generally speaking until you see a price recovery. look, australia continues to benefit strongly, even when prices are low. of course, not as much as we did when iron ore was $180 a time and oil was $140 a barrel. australian pr

bhp's 5%.f an old coppermine that operated for almost 100 years and had to shut out -- shut down in the mid-1990's. we have only known about it for about 20 years even though it is the size of a mountain. a mile underground. geologists have known it has been down for hedges of years. >> when you were down there talking to people who work in the minds, where their discussions of china and the fed? how connected are they to the conditions? matthew: they try to think about it. are dependentods on the commodity markets. these go up and down. closing for years at a time on the back of commodity prices. they are hoping this puts the u.s. in a better competitive advantage to lower-cost mines in latin america. much more is coming up. we will be right back. ♪ scarlet: you're watching bloomberg markets. alix: the federal reserve meeting taps a very busy week of economic news. we get updates on retail sales, very important tomorrow. industrial reduction as well as in patient. how will investors respond? c

bhp, all these companies. they're up so much. pioneer, they did a guy againic secondary at 116. up to 135. you will see profit taking. profit taking there, money rolling over to tech. >> dover citing weakness in their oil and gas markets. >> we shouldn't be surprised by that. stocks went up in anticipation of oil going to 40, and people feeling more positive. dover says while they're heartened by the run to higher prices, it's not helping their business. today is an odd day. the apple call a couple of retailers, versus valeant and what can go on with pharma? wow. you mentioned tech, pinning a hope on that. we have oracle tonight. >> oracle is a very inexpensive stock. i know -- my memo to oracle, focus less on sales force, less on workday. more on oracle. they're scrappy. ellison is a scrappy guy. i never want to get in a fight with ellison. there should be a netflix series about him. >> there probably will be soon. >> action oriented. can you imagine? a guy you don't want to tussle with. mark hurd. >> benioff is not afraid with

what kind of impact, as much as other companies have said that, bhp had said basically i'm going to slashhe dividend over my dead body and then did, so how much -- why is it so important, mike. what would be the impact on the stocks if he couldn't honor it. >> as it comes to exxon, tremendously heavily owned stock among individual investors. this is not really a stock that hedge funds and many actively managed mutual funds own so clearly they own it for the dividend. by the way, the market has been telling you exxon was the last of the majors that you had to worry about. its yield is 3.5% and chevron 5% and for conoco phillips to cut its dividend, close to 8%, so the market kind of figures out who can sustain a dividend at these levels and who can't. exxon with its credit rating sold $12 million in debt in a blink just last week. obviously it has the capacity to pull levers and do it. i think this price in oil in what we've seen the last year, year and a half, dividend cuts, buyback suspensions, capital rayss, exotic capital raises coming a mile a minute. >> 12 billion or so the last week

. >>> the theme you just talked about, the big runs, bhp up 22% in just 30 days, maybe something to doith iron ore, but that's a story later in the show. >> it has to do with flowers. >>> phillip morris, bullish on the e significant cret, i don't know -- the cigarette. the crowded market, they think phillip morris has ultria, they see the potential of value add of $27 a share, extra in ten years, on to phillip morris, the valuation range goes up by $15 from $109 to $111, minute, she was on fast money. >> i thought it was interesting, i thought it would have an impact in the domestic, versus internationally, because there are more regulations, and e-cigs. >>> energy and banks, different from normal call weiss do. drexel out with a noted to. bank exposure, ranking banks, cit topping the list, total loans outstanding energy. citi, regents financial came in at third, and bank of america, fourth. you think j.p. morgan, they're not in the top four. the bottom line, manageable for all of these banks. >> like subprime. that was a joke. that was sarcasm. the fifth stock is casey's general store

bhp in rio are up. alcoa is down. aluminum, herehe you see disney shares upgraded.ison had to downgrade. fix kamman nasdaq maketh the first day. -- costco shares are trading down. a dollar 24 per share. just 1.5% growth. it looks like high and spending is coming to a halt and slowing a bit. it is something that is surprising. said these results are a bad omen for retail retail and a bloomberg analyst said deflation is weighing on the results. not just this quarter, but the past quarter. we have a negative trend in a possibility that could weigh on shares of costco. we have the portfolio manager of tcw. welcome. we will cover three stories now. , jobless claims climbed to 278,000 people last week. average fell. tomorrow, we get the jobs reports. how important are these jobs numbers tomorrow? >> it varies depending on where you are. we are looking at the number is being a lagging indicator. what we are seeing is the global economics matter more. china.cerns are with over time, the jobs numbers are beginning to deteriorate. there is still good strength there. this last

bhp billiton whose ticker is the delicious blt, and rio tinto are on the rise again.ie: this glenn core ride never seems to end. we continue to see executives doubling down and buying more but what they need to do is have a wider swath of investor stepping in and that is not what we're seeing. they got refinanced by 39 banks last month, giving a vote of confidence to the company. as we see commodities move day in day out, they move in conjunction. matt: oil was on a tear all morning and has taken a leg down. the commodities complex started out kind of negative sentiment this morning. iron ore headline pulled everybody up. more pain ahead in high-yield or is it time to buy? katie nixon is here to give us her take on bloomberg go. ♪ stephanie: this is bloomberg go. katie nixon, northern trust wealth, with us for the hour. i know you are excited to talk high yields. jeff sherman gave us his outlook and it was pretty bleak. >> there are some decent spots in the risk market. places you could be careful. ,or broad-based market exposure i still think the high-yield market ha