olivier blanchard with his brexit optimism. markets are calm as prime into 10 may moves downing street. suddenly, it is bank earnings season. mr. dimon will give bank tellers a raise. this is bloomberg surveillance live. i am tom keene in new york. in london -- my words. scarlet fu in london. we are thrilled to have scarlet fu. reunited. to the music. a wonderful day to have the with us. so much to talk about about the united kingdom. first word news, here is nejra cehic. theresa may has promised to build a more just united kingdom. that for brighton to feel their life has made insecure by globalization. >> not by the interest of the privileged few, but by yours. we will do everything we can to give you more control over your lives. ejra: in one of her first actions, the architect of david cameron's austerity policy, she replaced him with philip hammond . she named her new break since our, david davis. locked --ter may mocked boris johnson's negotiating skills he has been named the foreign minister. he accused president obama o

scarlet: that was olivier blanchard this morning. for you coming up on monday because tom keene will sit down with christine lagarde. that begins at 1 p.m. in new york. shery: still ahead, it is our mistry stock of the day. high in stocks, this stock is at the bottom. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn in new york with scarlet fu in london. julie hyman has the big reveal on the mistry stock. here you have a hint again -- a loss for this highroller after it hit a lucky number year to date. despite the record high, it's at the bottom of the deck. something to do with gambling? julie: yes and the clue to the name is in the first you words. it is a loss for this stock -- is?opposite of a loss . when -- a win wynn resorts. the stock has done very well year to date. it has a lucky number of 32% year to date but it is pulling back because one analyst cut the stock to neutral from overweight partly because of valuation and it had outperformed this year. to the annualast performance, is down by 4%. analysts p

blanchard-reed if you'd like to proceed. >> i propose to do this because systems an words matter. the word elect indicates that someone is chosen by -- to do a job. voting is open, fair, an transparent. selecting is choosing somebody according to a system and selecting does imply a bias. it prevents the potential of selling delegates to the highest donor and voting is broad, anyone could win, and selecting is narrow and closed. so i urge you to vote in favor of replacing the word selected and adding elected. thank you. >> thank you. is there anyone who would like to speak in opposition to the motion? the gentleman from nevada. >> madam chair, i see nothing that -- >> name and state. >> yes ma'am. junior dan -- jordan ross, nevada. that's why i have the name tag, in case i get lost they know to return me to my wife. i see nothing in this that says, you know, going forward, starting with the convention four years from now, so i'm looking at this, i'm thinking, anybody who -- the meth by which they were chosen to be a delegate to this convention, if it doesn't meet the precise interp

i believe professor blanchard agrees with you. when you are of helicopter money, how do you react?it's more of a soft sell. he is a fantastic counselor. the scam notion which is provocative as only he can be on occasion is another way to say this is fiscal stimulus to the extreme involving different agents but essentially it's a fiscal device. at this point, i think he would agree with us that some countries have some fiscal space but not many and what the other should do that don't have fiscal space is recalibrate and redesign their fiscal policies to make it more growth friendly rather than less growth friendly. what we need is inclusive and sustainable growth so people can actually find a meaning, get a job, and have a decent income. tom: thank you so much, christine lagarde of the imf. thank you so much. fascinating conversation. talking about everything from the current political climate in the united states. to what's happening in europe and the u.k.. shery: she is seeing some consolidate that some consolidation in the european markets. also about turkey so it's a broad conve

olivier blanchard with his brexit optimism. calm as prime into 10 may moves downing street. suddenly, it is bank earnings season. mr. dimon will give bank tellers a raise. this is bloomberg surveillance live. i am tom keene in new york. l

mothering and shaun who wrote it had judgments about this one particular mother played by tammy blanchards so brilliant. >> she is so -- >> oh, my gosh. she's a divine creature and she's the mother who ellen paige's character takes the baby from. and it's a beautiful story. beautifully drawn characters. >> she was so good in another movie similar called "bella." you will love it with eduardo. >> you should watch that movie. >> i saw her do the judy garland. >> so talented. yeah. yeah. >> it's a beautiful movie. >> i love those movies sch better than when things are blowing up. >> yeah. yeah. >> we need more movies about humani humanity, real struggles. >> wanting to find connection. >> do you keep getting great projects, great scripts or do you seek them out? do people say -- >> they all come lining up. >> all, not. >> so many i don't. >> i would have dreamed to have played. >> i go through the same thing. like why wasn't i -- why didn't i get seen for that? >> name one you didn't get seen for. >> i know some that are coming down the pike that i'm not being seen for. i'm very upset. >> yo

paula blanchard of michigan. >> i said to her, how did you decide to what role you would play?ry role is emotional. >> what did that mean? >> well, it meant a lot of things. number one it meant i was the lead in the family. at that time our children were 8, 7, 1. you know you think of yourself as the smart. you think of yourself as, up on the ideas, you may think you have talents. but, that's -- that's not where you're supposed to be. >> the duties of the first spouse have never been one size fits all. it is a very amorphous job, job without a definition. >> lisa kathleen gratti, curator of the first lady's exhibit at the smithsonian in washington, d.c. >> what we expect of women and what we expect of first ladies at the time. dolley madison established the white house as a backdrop for social diplomacy. she also, as you may recall, learned how to pack up and move in a hurry. >> dolly madison when the white house was burned by the british in 1814, managed to save it. >> century and a half later, jacqueline kennedy reigned domestic, famously restoring her new home. >> columbia,

. >> during his wife's first term, mulhern sought advice from, who ela paula blanchard of michigan. >i said to her, how did you decide what role you would play? and she said, your primary role is emotional. >> what did that mean? >> well, it meant a loft things. i was the lead in the family and at that time our children were 8, 7 and 1. you think of yourself as smart, you think of yourself as up on the ideas, you think you have talents. but that's not where you're supposed to be. >> the duties of the first spouse have never been one size fits all. >> it's a very amorphous job. a job without a definition. >> lisa kathleen graddy is a curator of the first ladies exhibit at the smithsonian washington, d.c. it. >> all depends of what we expect of women and first ladies at that time. >> dolly madison established the white house as a social diplomacy. she also, you may recall, really knew how to pack up and move in a hurry. >> dolly madison, the white house was burned by the british in 1814 managed to save it. >> a century and a half later jacqueline kennedy reigned domestic. famously resto

tomorrow, olivier blanchard.athan: david cameron closes out his final hours as prime and easter. theresa may plans to take over. david: autonomic's under pressure. the government considers another stimulus package for the world's third largest economy. alix: mass psychosis. ss hasagnosis -- as madne 10-year debt for a negative yield for the first time ever. jonathan: a warm welcome to bloomberg i'm jonathan ferro alongside david westin and alix steel. a historic day in the u.k. ra begins today as conservative party leader theresa may prepares to take over as prime minister. before that, david cameron will face questions in the house of commons one last time. later today he goes to buckingham palace. jonathan: we listen to the prime minister as he addresses parliament. prime mini

olivier blanchard says that helicopter money is a scam. is it?ne: helicopter money is not going to do the job. if you are a saver, if you are a consumer and a saver you will take the helicopter money and put it in your mattress. helicopter shopping coupons, we could talk about that where you have to go spend the money. helicopter money by itself is not going to be any more effective at gaining economic growth than what the central banks have been doing already. catherine mann of brandeis, she is at the oecd. i need to do a data check, equities are not the story. it is about foreign exchange, interest rates, sterling weaker. oil south. mexican peso weaker over the last 24 hours. this is bloomberg. ♪ "surveillance." tom keene, francine lacqua. we say thank you to michael tarred of them km partners. fransen,target marty you talk high yield and that is what michael mckee is talking. michael: 10 trillion in negative rates around the world. talking about pushing down on rates, everybody is pushing into and justifying higher equity ratios, and that is b

at least we've been told so far that speech is not written yet coming from lauren blanchard, the reporter more. joining me now for more on hillary clinton's vice presidential pick is linda tran. she was the communications director for senator kaine when he was in that position. first, we've been discussing the fallout of this announcement and analyzing it. we had some guests on who said, listen, he's not necessarily someone who's going to please the progressives voters, the ones who really elizabeth warren. him being a centrist gives hillary an opportunity to rally and get young millennials. are you seeing that sort of play out? also, you add so much time with him, is this something you predicted? >> first, i think it depends on which progressive you talk to. on my own social media feed, where they were talking about facebook or twitter. what i've actually seen is people being stunned at how much they liked and appreciated the tim kaine they saw at the podium today. i've had a number of people who are self-proclaim eed dyed in t wool bernie-aics. so they will really come over to his side.