harrison from blackrock.u were busy looking at sports, getting ready for your oscar party, a bombshell in washington. 800 plus pages of a statement by mr. mueller on the future of mr. manafort. that will be one of our key themes on washington politics as well. much more to talk about again today. the story of china and the risk on feel. the president delaying tariffs as well. futures up 143 now. strength in the markets. .tay with us this is bloomberg. this is bloomberg. want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. ♪ "bloomberg surveillance." good mor

joining us now is jonathan tyce and richard of blackrock. out of a call with analysts and leadership at barclays. jonathan: the q&a just started but the first question was about buybacks. you have him on the call saying disappointing share price, we want to return capital. to look at the slide in the presentation any sense we will do buybacks, and then he says we are being prudent. we don't know what brexit will bring. they are not in a position yet where visibility on the top line and strength of capital to do buybacks. francine: they also have shareholder activists on their back. jonathan: women of david, we sent not out of the woods yet. decent result, but they can't stop buybacks. tom: where is barclays on tangible book value? i understand some of the european banks are truly at rock on valuations. is barclays in the group? jonathan: what they are trading at represents that there at 2% or 3%. deutsche bank is at .3%. they are not massively over capitalized. the fact that he canceled a buyback program despite talking about repeatedly for

still with me is jim keenan, from blackrock, tony rodriguez, and matt toms.thoughts, mass, on that insatiable demand for european debt at a time when the economy is looking worse and not utter? globalltimately with rates looking low, people are trying to prop up in the yields they can. the risk of the ecb not being able to move this year, which looks a short, means you need to get away from negative rates. that is the demand we saw the last few years and it looks to be back in. jonathan: for a long time, the third for he behaved like credit and not a sovereign. tradinghe periphery like credit or are we starting to see a change? matt: i think it still traits like credit, without a fiscal union and the ability to credit, any credit will trade like a credit bond. italy showing that with widening of some 15, 20 basis points. i still think credit, not government bonds. jim: it's not nearly to the extremes we saw in the crisis. -- tony: i think so. it is not nearly to the extremes that we saw in the crisis. yielde point about the for incomes and yields, that will c

we have the former european credit chief for blackrock getting a ton of money from blackstone.ing? >> it is surprising a little bit. we are talking about it because you know this is going to be the most consumed story on the bloomberg today because two names we know well, blackstone and blackrock. many people forget they have a long history themselves. blackrock started in blackstone's offices. larry fink working for steve schwarzman at one point. if you have a good name and can make a good pitch, you can still raise a lot of money for a new hedge fund. david: they are raising a ton of money. it is going to be one of the largest in london. it is generally thought to be hard to do right now. >> you have many more people starting in much more modest circumstances from a hedge fund perspective. $200 million from a single investor is a lot. alix: keep in mind, january was a great month for hedge funds. they were up 2.9%. you weed out the bad and make room for returns. it is u.k. versus u.s. banks when it comes to brexit. u.s. banks want as much connection to your as they can. -- eu

kkr and blackrock investing $4 billion in abu dhabi pipelines.ed with the oil company there and the oil company is going to siphon off and committing to run oil off and blackrock and kkr get the other half. peggy: we have seen retail investors like the pipeline as a play because they kickoff income . it is a stream of income people life -- like. this is the first foreign investment in a middle east pipeline of this size and degree. is one of the places in the world where they are trying to transition as the oil industry evolves. alix: you brought up investor interest. they have a dividend stream and a pull to use the pipeline but they have taken debt to build them. whokkr and blackrock offered to finance the deal, you do not have to take on as much debt and it is a different structure. peggy: it could work out for the country because they get the extra financing and maybe they invest in research and development in the industry overall. david: j.p. morgan is gaining market share in equities and fixed income at the same time deutsche bank is losing

goldman sachs and blackrock are among the major investors making bets on venezuelan debt. surged on hopes maduro could be removed from power, as more countriesjoin the us in backing the opposition. instead of trying to accommodate nicolas maduro to contact groups or dialogue, we urge countries to recognise juan guaido as dialogue, we urge countries to recognisejuan guaido as interim president and join us in responding to his call for immediate international humanitarian assistance to meet the needs of the venezuelan people. nicolas maduro has proven he will manipulate any call for negotiations to his advantage, and he has often used so—called dialogues as a way to pay for time. we urge all involved the deal solely with the legitimate juan guaido government. the time for dialogue with nicolas maduro has long passed. dr eduardo gomez is senior lecturer at king's college london. we were just saying this will watching that clip, what a mess, what chance is there of a political solution? well, unfortunately, not much. both sides are not really willing to negotiate at this point

the blackrock version -- and by the way, that is going to get you more in utilities and staples -- blackrockd for people who don't want to go into utilities and staples, we will come out with something looking more like the s&p in terms of sectors, but we will also use covariance and stocks that offset each other. they call it a minimum volatility approach. a lot of people like that one because they do like there portfolio to look more like the s&p and not tilted towards one of the sectors. vonnie: looking beyond this year , what does this factor in historically? reporter: it is outperforming the s&p, not by much, but by three or four percentage points since 2011. but this is fascinating because it doesn't hold any tech or discretionary or faang. it doesn't happen to a real factor exposure that you want to get, so for people who did buy it, they are probably pretty happy. you've kept up with the market with about 30% less volatility, and you are basically at the same place as the s&p 500. vonnie: eric, are things to you. this is bloomberg mark -- this is "bloomberg markets." want more from y

goldman sachs and blackrock are among the major investors making bets on venezuelan debt.uro could be removed from power — as more countriesjoin the us in backing the opposition. the tory. that graph will be of great interest to kevin daly daly investment director, aberdeen standard investments but concerns to you have? were concerned about how long this crisis will go on for. the office of the us treasury is prohibiting us investors for continuing to trade the bonds. they said we will give you a period of up toa they said we will give you a period of up to a month to sell the bonds to non—us investors. effectively the trading activity has ground to a halt. in terms of the ability to move these bonds and brand, you are extremely limited. we do not know how long this period will last. it could be an extended period or it could be an extended period or it could accelerate and be over in a matter of weeks or months. putting pressure on all of this is the fact president maduro is blocking more than $60 million worth of humanitarian aid at the border, aid that has been given by

blackrock global allocation fund portfolio manager, russ koesterich, sticking with us.rg. ♪ alix: this is bloomberg daybreak. take a look at where we are on the equity market. a nice rally on the s&p, now we are going nowhere. european stocks flat as well. other asset classes, a move lower in the euro but it feels modest compared to the data we have seen and a lot of supply and demand for btp's in italy. yields up by two basis points. oil softer on the day. we are just moments away from general motors reporting. david: we have jim numbers crossing right now. this is fourth quarter. their earnings per share .eported at $1.43 on revenues they beat $38.4 billion. they had a very strong fourth-quarter. for the first year they beat expectations. they had taken down the expectations in second quarter of 2018 and now they have come up and beat the new expectations they said in december. a strong quarter and a strong year, driven in large part by china. they did well in china but their full-sized trucks, particularly pickup trucks in the united states are driving their profitab

companies are held heavily by the same people, blackrock among them. wasont's shareholder critical of john thornton and said it was difficult to work with him. it is hard for me to imagine a situation where you and john thornton could work to get it. has anything changed on that front? >> we have always been open to trying to do something. i was hoping that with mark coming in we would have a already on the other side that got mining and could sit down and work through a logical prospect. what we have seen the last day suggests john is still firmly in control and trying to drive things the way he sees best and was fearful of our joining up with gold cprorp. >> have you had a conversation with ian at gold corp? >> not since this morning. we are still moving forward. we are continuing to move forward with this transaction. we seek to $.5 billion in value on a $10 billion acquisition. that is more than a 25% rate of return. so you take it to the board. i suppose you could change your barrickd make a bid for with a partner. is that still on the table? >> t

. >>> blackrock's rick rieder will tell us how many rate hikes he expects this year. ♪ ♪ let's go from full-blown production. ♪ ♪ let's go from being on-call... ♪ ♪ to being on-line. american express can help move your business forward with loans, vendor payments and buying power. chat with one of our 4000 specialists and let's make it happen. the powerful backing of american express. don't do business without it. the powerful backing of american express. don't get mad. get e*trade, dawg. >>> welcome back let's check in on individual market movers today. jpmorgan traded lower. down .75% after their investor day largely saw no positive surprise upgrades to guidance which sort of fits the late cycle narrative for banks. their return on equity target seemed on track and seemed to suggest they would prioritize reinvesting in the business rather than returning to shareholders we can expect slightly lower buy backs, too the guidance on q1 trading softer than expected anddown high teens on a year on year basis. the change from a year earlier driven by equities being softer, especially in equi

blackrock is the largest money manager in the world with almost $6 trillion in assets.good morning. >> good morning. >> let's talk about the data in this report. only 45% of those surveyed said they were confident that they would achieve an ideal retirement. why such a low number? >> this is a very, very big problem. first of all, people don't think about retirement. they kick the can down the road. and now that we know that people are living longer, they have not saved or invested enough for the last 10 to 14 years of their life. why aren't they doing that? high cost of living, housing costs, health care costs. and a lot of parents would rather spend on their kids for today than save for retirement for themselves. there's also a lot of excuses -- it's too complicated, there are too many choices, but we cathedral to create awareness that -- we need to create awareness that you cannot invest for the future unless you invest in the future. we do survey, create technology, tools, so people can get educated. the first part is creating awareness that you have to start saving

formals blackrock's statement on how low and how long we stay with this rate regime?k they are going to stay lower for a lot longer. is core view at the moment to have a pause of the first half of this year. as edmund said, the fed will be very patient and are in no rush. when you see the development of inflation, the development of global factors, global trade, the development of the u.s. economy and activity, potentially in the second half of the year you could see a further hike or a continued pause. areou look at the ecb, they in no rush to do anything either because the bank of england wants to shore up the economy. we think on the margins they will. when you look at the global economy and developed markets, we are in a completely different regime from the past and we will see rates lower for longer. points will also be much lower. tom: james bullard and his idea of regime change. drive forward this conversation in the next half hour. we are taking a recalibration to think about it, december, ugly. january, edmund shing loaded the boat. dow., up in the we will sp

$1.85 billion, that is the valuation it got in january when it raised $1 billion from investors and blackrock know that this sort of restaurant meal delivery service has been very popular, so if it goes public it will test how popular that will continue to be. it is different from things like blue apron, this is about delivering restaurants meals. we are waiting for more details on that. david: the equity markets have settled down enough, so they cannot go public. emma: exactly. we have seen some other ones file to go public this year, so it will be interesting to see how they perform once they get listed. david: thank you for the report. a surprising rate cut by india's new central bank governor, what it means for the political climate in mumbai, as well as for investors worldwide. this is bloomberg. ♪ david: this is "balance of power." i'm david westin. the central bank of india has cut the benchmark rate, becoming the first in asia to ease borrowing costs this year. we go to a credit strategist with a bloomberg intelligence. great to have you. i saw this and i was surprised, so what is goi

larry fink at blackrock, blackstone, blackrock that we should describe what we are doing. we are opening four new branches, that is 4000 people directly. another 8000 people indirectly. we go in with all of j.p. morgan. we open a branch, philanthropy and education for people who need financial education, charity, we do the whole thing. it wasn't just the 25,000 jobs amazon was going to do, it's probably 100,000 job supporting it and they would've gone from low skill to high skill to consultants and lawyers to restaurants and barbers and construction workers and that is the shame. that's what they lost and the whole ecosystem that creates jobs and furthers interest. cities and states act that way, they're going to be long-term losers. i was in new york city in 1974 and we had a financial crisis and crime in all of these terrible things. 10 fortune 50 companies left the city in a five-year period. jcpenney went to texas, american airlines left, it was amazing. companies were just leaving and cities and states can foster an attractive environment and help you guys to the othe

want to mention one thing and our next event will be february 28, and we will have the cofounder of blackrock, and the effect on the governors conference. >> here is what we are covering on thursday. the house will gavel in and 9:00 p.m. eastern to debate and vote on a gun background check bill. c-span 2 is live with the senate and the debate on the nomination of andrew wheeler to head the environmental protection agency. on c-span 3, the political activist conference has senators that are speaking like mike lee. a judiciary committee on the national emergency act of 1976, which gives the president authority to declare a national emergency. >> this weekend, book television will be live from the annual festival of books in tucson. it will start saturday at noon eastern feast -- featuring republican strategist rick wilson featuring his book everything that trump touches dice. then american prism, our reporters undercover journey into the world of punishment. and, the true story of the worst see disaster. then professor and author greg grandin, the end of myth, from the frontier to the border wa

prior to earnings at $91.72 now, i know there's no institution that holds positions like berkshire, blackrocknd vanguard group now given that the earnings per share and the refinery margins were great and daily volume has been above average, i'd like to know your outlook on the stock and also the wood river refinery fire over the weekend in illinois. >> that was unfortunate. the stock wasn't down. i was rather surprised because that was bad i will say this, i do prefer marathon, pete, but i think you made a good selection with phillips 66. i would hold on to it and, again, thank you for serving in the marines. all right, you put a little thought into it, i think you can identify patterns that can help your portfolio weather the storm. if the market gets hit on china worries steer clear of the industrials with china exposure and use the dip to buy some great old american names, starbucks, nike, he stay lauder and you know what, i really think, you know, it's just tough to tell how good those names can be but even yum china. on "mad money" transports are heading higher norfolk southern leading

this is the ticker etf from blackrock and its market cap.this year, about $5 billion has been added. --ket cap now at $60 million $60 billion rather. not only is this a record, but you have to keep in mind it is just as easy to sell etf shares as it is to buy so look out. is it indeed to crowded and investors will pull out of this? matt: i feel like, i love that chart. have i seen that chart before? dani: you have seen perhaps versions of it. we have seen e.m. inflows so for this year be at a record so that might be the one you have seen. but in terms of market cap, this is a fresh one for you. matt: i think that could be a winner if you were to use that -- at least from my perspective, if you were to use that in battle of the charts. thank you very much for showing that. very interesting how popular e.m. has been. patrick armstrong is still with us. what do you think about the growing popularity of emerging markets, certainly since the turn of the new year? patrick: we started adding emerging markets to an etf very similar to the eem in dec

blackrock portfolio manager. delighted to have you with us. thank you so much.g up, we will talk more about trade and more from barcelona. this is bloomberg. ♪ manus: good morning from dubai, this is "bloomberg daybreak: europe." nejra: i am nejra cehic, these are today's top stories. -- gettingocusing on our returns above 10% by 2021 which we are on the way to doing so we spent the last three year -- three years cleaning up standard chartered. $700: pledging to cut million of cost, we will bring you more with our exclusive interview with the ceo. you turns galore, theresa may is considering a delay to brexit. with jeremy corbyn backing a second referendum. trade fatigue. shares stumble as president trump downplays his own optimism over a trade it with china. markets await the jay powell testimony this afternoon. let's go to the breaking news india, tensions between india and pakistan are escalating in an incident that described asad grave aggression. india has said its fighter jet destroyed its counterpart in pakistan. market -- in terms of reacting, 300e milit

a new hedge fund run by michael phelps, was a former head of european credit at blackrock, has attractedbuy-in from blackstone group, according to a group familiar with that. we're tracking this new hedge fund by michael phelps. now going to become one of the largest startup funds in london this year. stuart roden, former chairman, is also investing interested or, and will also join, as a nonexecutive chairman, according to a person familiar that bloomberg news is citing. don't forget, bloomberg terminal users can interact with the charts they see on the television by typing gtv . look at that also chart hillary put together on the top left. also, coming up next, the battle of the charts. for you. this is bloomberg. ♪ anna: welcome back to the european open, 54 minutes into the trading day, perhaps a surprisingly positive session, up .9%, outstripping expectations. the cac is up more than 1%, the dax not far behind. more strength coming through after we saw a bounceback in asia equities as a result of catch-up from the chinese market after lunar new year holidays. now time for at bat

we choose from vanguard, blackrock, etc. we want to know we are buying into a good fund that we can live with in the long-term. the last thing we want is to be put into a loss leader that looks good because it is free and then have that fund close a little later, a bait and switch or a short-term promotion. you want funds that are sustainable in their costs. that's why scale matters so much to very large investment firms. if i hear free and it is a small fund, my spidey sense -- scarlet: your spidey sense goes off. a lot of people think they are smarter than they are. getting people to sign up for more expensive services later on. people want the cheaper or free option now, and i know how to avoid getting sucked in to those products that they are going to upsell me later on. i can fend them off. how reasonable is that belief? dan: it brings me back to, "a fool and his money are soon parted." if you believe that banks and investment management firms are not making smart decisions where they crunch the numbers and they know wh

managing director and senior portfolio manager at blackrock victoria fernandez what's your number todaywe? >> no. i don't think we can match last month. we'll have a little bit of pullback i think when you look at the average, we're still over 200 on average for the last 12 months so i think we'll pull in probably low 100s maybe around 130, 135 >> jeff? >> so market's significantly higher than that we're at about 185. a lot of noise in this report. but strong labor markets continue to increase in wages. although we expect a bit of a pullback here. but don't lose the message from it here. good report. a lot of confuse around the shutdown influences. we'll look for that in the unemployment rate. we think that nets out to about unchanged. and, you know, this is the strength of the economy. the strong labor markets >> how about the -- whenever i ask a wage question, it's like will it be a wage number to be afraid of when, in fact, we want the wage -- we want a wage number to be afraid of it's just kind of a perverse way because inflation fears, et cetera but you expect good wage numbers in

let's discuss what is happening there with more detail from head of asian credit and blackrock. weakened. it had been some retaliatory action that had been expected ultimately. >> yes. the market was expecting some action. the fact was when you look at what it has in the impact on the market, if you look at the surgical strike that happened on 2016, and if you look at the longer-term equity chart in india, at best it looks like a blip. the point is that -- rishaad: suggesting and thinking that. but the thing is, and side probably wanted to broaden it. neeraj: i don't think there is any real intention or motivation or real positive for other side to broaden it out. some retaliation is in response to what happened. we are looking, in india, we are cautious on india in the near term. as well as to some extent the political risk. less by the geopolitics. if i take a longer-term view, i'm positive on india. any corrections, i think it is a good chance for investors to go back into the market. rishaad: let's talk about what is happening generally speaking. people looking at equity mar

the basic question, guys like larry fink at blackrock, touting every politically correct agenda, whatthey by the real economic -- neil: don't you think this is little more layered though? democrats are sending a message, the problem with the tax cuts, that trump had is, they, went disproportionally, corporations, rich guys, in case of corporations, they plowed it into the stock market, plowed it into rewarding shareholders? >> i don't think so. neil: they're setting stage for reversing it? >> no, i think, yes, that, that's true. neil: we already know the house budget chief wants that. >> but here is has them worried. if chuck schumer is embracing bernie sanders like the, moderate democrats embracing the far, far left and ocasio-cortez, who is going to run the democratic party? who will be their standard-bearer in 2020? they are really worried that, elizabeth warren, a significant lefty progressive, she has, by the way, she has from what i understand, she has the best team on the ground in new hampshire, iowa, two key states. kamala harris, big time formidable lefty, she has very formi

they may not describe themselves as such, but kkr definitely rain blackrock.n this, how much competition are they providing harrison street? thes: when we started business, a lot of folks are that you could not do this. to see a lot of these folks coming into the space is terrific, it is creating a market. these firms are raising a tremendous amount of capital. very hard for them to drop down and do smaller, one-off investments. we have made over $22 billion of investments. 80% of that is single developments. what we have been able to do on the sales side, 80% have been through portfolios. we have been able to accumulate large portfolios to sell to these groups. because of their size, they will never be able to focus as we do on these asset classes. vonnie: is there an ideal size? chris: we face this all the time in terms of how much capital we raise. is 80% of are doing investments in single as a development, we have to be careful about how much capital we raise. if you become to barry, you will to buy portfolios from groups like us. vonnie: you are spread ac

other laggards, charles schwab, state street bank and blackrock.ber 24th. for now, those shares moving to the down side. now back downtown to you at the new york stock exchange, david >> okay. i will take it thank you, dom. >>> time to turn to sara, ask what's coming up on the all important two hours, that last trading hour. >> last trading hour, the most important. we dive into the retail sales mess i think that's the question of the day, how it will impact the market which seems undecided to the signal on the u.s. economy plus, two big earnings reports after the bell cbs and nvidia the latest numbers and instant analysis the cbs call, going to be interesting today? >> unclear, we'll see what the numbers look like. i don't think you'll get any comment on viacom or the ceo search i doubt it not for the ceo to talk about the search for his replacement >> we'll be covering it anyway. >> and nvidia. that's big >> yes >>> first on interview with richard branson, coming up on "squawk alley. don't go away. nway, which met a burst pipe. so grant met his i

larry fink, i'm not saying he is, he is the guy that runs blackrock, big-time democrat.g a fund-raiser for hillary, please chip in, whatever. you're invited to come. you see that email you go, right? neil: right, right. >> it's a little different this year. i think the streed is worried of two things. they're worried about the toxicity of trump, if we start giving him a lot of money, does this, people, do we get attacked from the left as being in donald trump's pocket? i think that is an issue they're worried about. they're worried about the social policies and the economic policies of the left. difficult calculus. trump is personally toxic in their view. the left is policywise toxic in their view. elizabeth warren would be disaster for the banks. bernie sanders is a communist essentially. eugene debbs is in his senate office. this guy is a commie. neil: these guys are saying, whatever personally might think of trump, president trump, these policies are far worse? >> they're commie. communism almost. they're almost there. now, if joe biden runs, difficult story, or wins.

is at blackrock. erik with us as well. evy, welcome.ies in 2019, what is your favorite? >> that is a great question. we love the news recently with -- regardsimpacting on impacting commodity prices. of axpectation is one consistent approach from companies able to return from the margins. commodity prices look good. 2018, average prices were higher than 2017. the year, as a whole, was tainted by the two forths selloff. if it had not been for that, the sentiment would be more positive than it feels. the result they have coming up will set the tone for the year. francine: when you look at the valley dam incident -- evy: it impacts the supply of certain components of iron ore. it is a high-grade material. it will go into production. we have seen an increase in prices following this tragedy. to be thinking this will play out over a multiyear period. the industry will have to contend with greater levels of regulation. it will take time to get projects approved. it will impact future supply growth. a supplythe near-term, disruption as other co

and blackrock, look for that today. stay with us. maybe i will be back.this is bloomberg surveillance. the power struggle in venezuela, the national assembly leader says a special police squad accused of killings was at his home thursday days after the regime restricted his travel. gathering been international support in his bid to unseat nicolas maduro. this week, john bolton said there will be serious consequences for those who attempt to subvert democracy. joining us now is a lecturer in politics at the university of oxford. thank you for joining us. what will happen in the future? th,have questions about 1 mon the line, what are you looking out for? >> we do not know what will happen. we do know that the opposition has called for protests. there will be a march saturday. everyone is looking forward to that. in the meantime, the opposition is working to pressure the --ernment and working reaching out to the military to see if there will be defections. dealine: how will guaido with china and russia? >> that is crucial. he has sent positive messages to b

you cannot by blackrock. was the tree has about 60 billion in etf assets.y. it is a billion dollar company that looks like it needs a home. caroline: the animal spirits are there. is now the time to start selling yourself? some companies out there with pockets. matthew: financial services committees are showing willingness to do deals. yes, if you are sitting on a platform that is specialized that can help you aid if the disruption of technology right now, i would be thinking about getting off the sidelines. you got a couple of companies right now for sale. private equity companies they owned for a bit of time. they see a need to bring them to market now. scarlet: thank you so much. you can check out his story on bloomberg. if you missed our earlier conversations, you can check those out on the bloomberg. we had our interview with kyle bass from earlier this hour. he and his colleague wrote a column for bloomberg opinion on china and what it needs to do for trump to get a trade deal out of the country. this is bloomberg. ♪ abigail: time now for options insi

because remember the index fund you mentioned black rock owning this -- the gold it is blackrock, you index funds and every single case. vanguard they can't saytake ipos. you need money coming into the market to buy the stocks the first couple will be so fabulous, just high fiving and then as we go down the q, we'll say, wow, how did that come from. >> we'll see more crowded mornings on this floor to the bond pits, rick santelli at the cme good morning. >> good morning, carl. one week of 2s, we're somewhat moving sideways. though 2s settle at 2.5 on friday, up 1 basis point look at one week of 10s. turning up ever so slightly from really what was the bottom of the range there on the low 260s. now at 268, up 3 settle 265 the point is, stocks are up pretty solid the run is very solid. the reversals off october lows is rather large. but yet the treasury complex which paid so much attention at various points when stocks are moving up and down seem to really be hunkered down at this point. and if you look at a dollar index chart, a little different scenario, not all that much. here is a ni

tom who is chairman of the blackrock investment institute. you have known tom a long time, public servant, national security advisor for president obama. michelle, co of west advisors, us undersecretary of defense, tom, michelle and members of the aspen strategy group. the second panel which follows at 4:00 p.m. will investigate this innovation triangle that is now lagging behind and that will include vice president of the apple corporation, head of strategy for industries and former director of the senate armed service committee. president of the meaning american university the former national budget and former secretary for health and human services and the now senior advisor of johns hopkins applied physics lab, former secretary of the navy. third panel which begins just before 5:00 o'clock will feature an interview i will do with our good friend, fellow harvard professor ash carter, former secretary of defense. ash has lived on all points of this innovation triangle. secretary of defense, professor at a major research university and someo

. ♪ francine: this is bloomberg surveillance. , isabelle mateos y lago of the blackrock investment institutet nigeria, the elections this weekend. we were talking about india and that attack. overall, emerging markets have been at a sweet spot and that is a present from the fed. isabelle: it is a present from the fed combined with global growth environment that is ok. everybody is slowing but we are not seeing a recession around the corner anywhere so indeed, for emerging markets that is a good place to be. assetbearing in mind the -- beat up in the second part of last so evaluations are not demanding. they have come back so in terms of what we prefer with an emerging market, we have a preference for equities because the has come back a bit but it is a good environment and as i was saying, we are bullish on the msx versus dollar. francine: is this across the board? i we expecting reforms and a fight against corruption? isabelle: it is across the board but we have parts we prefer and others where we look at it election uncertainty and try to be cautious around india, south africa, argentina a

blackrock is warning investors that a good trade out come own china. pare back a little bit.tuart: big story from the washington post. they have this headline. says amazon is reconsidering their move to a new york city headquarters site. they have two officials saying, look, they're thinking again about this. now amazon's stock is down $37. i'm not so much concerned with the stock price of amazon but what would new york city's reaction be? ashley: that is the key. is this calculated move to try to get more local support for them in new york? or are they seriously having internal conversation, they don't want us, plenty of others do? stuart: maybe they want supporters to come out in force. come on, please. we love you. we want you. a little lure. that is it what they want. time's up for the friday show but neil, it is yours. neil: i'm not all surprised at amazon move. the mayor is second-guessing, complaining about it. governor, supposedly cobbled together the deal. now amazon, says if you don't like it, we're out of here. imagine that. stuart: why not? it is their money. neil

tom donilon, who is chairman of the blackrock investment institute. tom, long-time public servant, national security adviser for president obama. michele flournoy, ceo of west executive advisors, former u.s. under secretary of defense. tom and michele, of course, members of the aspen strategy group. the second panel which follows at 4:00 p.m. will investigate the innovation triangle that is now lagging behind and that will include doug beck who is vice president of the apple corporation, chris brose, head of strategy and former staff director of the senate armed services committee. sylvia burwell president of the american university, former director of the office of management and budget, former secretary for health and human services, and richard danzig, senior adviser at the johns hopkins applied physics lab, former secretary of the navy. the third panel which begins at just before 5:00, will feature an interview that i'm going to do with our good friend fellow harvard professor ash carter. former secretary of defense. ash has lived on all points of

morgan, the guggenheim, blackrock, those are all in new york.nd theanks federal reserve and the treasury, they print money to support the billionaires that live in new york and connecticut, they print money to support silicon valley, in california. and they also print money, the federal reserve and the treasury , they print the bonds, the treasury. they print the money to support $140 oil and unlimited war financing. let's go to jane, from north carolina, on the independent line. caller: good morning. law thelling about the wall -- the wall. i support the wall. i think president trump is doing a great job, but the big problem, i think, is the media. companiesle media against this man. when people hear how bad he is day in and day out, what else will they think? they would think he is bad because they hear it. another thing is the border refuse why do liberals to listen to the people that work at the border, what they say, they all say the same thing. it wall works. george.t's go to good morning. caller: good morning. ask, why ask, why i here, no