carol: and i'm carol massar. we are inside headquarters. david: we are at amazon. carol: it is all ahead on "bloomberg businessweek." ♪ carol: we are here with "bloomberg businessweek's ellen pollock. dealing with the internal borders. : it was the part where all of the borders were taken down, and the european union was flow's so there would be of goods and people, and it meant that workers could cross borders, and now, in the wake of all of the terrorism, some of those borders have gone back up. david: what are the effects we are seeing from that? trying to get to the austrian hungarian border. : it really is causing problems because it takes longer for goods to get to places, and people are paying for trucks longer, and the estimate is it will cost $500 billion and an extra cost in gdp because people cannot get across these borders, and france has put up borders, germany, austria, sweden, and they are not everywhere, but there are more than the were a few months ago. david: you were looking at the area around chernobyl, and there was a report on this. radioactive

carol: i'm carol massar.ircuit hasideogame been dominated by a couple of big games. , whiche is counterstrike will be the subject of turner's new sports league, that will be the first entry into making television. it?d: what is [laughter] standards, it is easy to understand, there are two terrorist team and a counter insurgent team. you are trying to get of it -- you try to get rid of the other team's layers. it is very popular. gains thatf the main is used in these tournaments. carol: they have virtual weapons that has created a secondary market. there is a lot of gambling going on as well, right? e of gambling that goes on is interesting. they use virtual weapons you can win in the game, or by through websites. those are used as poker chips. so come on these websites, you can say, i think team a is going to win. it all seems very nice and abstract, but there is a link would come a secondary market where those guns and knives are at cash value. you are essentially betting money even know it feels abstract. d

carol: i'm carol massar.porter. >> the pro-videogame circuit has been dominated by a couple of big games. one game is counterstrike, which will be the subject of turner's new sports league, that will be the first entry into making television. david: what is it? [laughter] david: counterstrike global initiative. >> there are two taints. -- there are two teams. by the standards, it is easy to understand, there are two teams, a terrorist team and a counter insurgent team. you try to get rid of the other team's layers. it is very popular. it is one of the main gains that is used in these tournaments. carol: they have virtual weapons that has created a secondary market. there is a lot of gambling going on as well, right? >> the particular type of gambling the goes on is interesting because they use virtual weapons that you could win in a game but could also buy through websites. those are essentially used as kind of like poker chips. so on these websites, you could say, i think team a is going to win. it all seems

i am carol massar. a result we are watching -- fed day fast and approaching. will global headwinds and market volatility upset the rate hike thailand. mcdonald's reported better-than-expected earnings thanks to holiday breakfast, but how long can value meal sustained a comeback? putting a lid on wall street pay it curb measure -- will excessive risk-taking in the financial industry? we are just one hour away from the close of trading. let's head to the market desk where really in a sense he'll has the latest -- randy in a sense he'll has the latest. : we were down for most of the day. in the last 45 days, we are back in the green, at least for two, if not three of our major indices. the s&p 500, in the green. we will call that flat. the nasdaq has not been able to get out of the hole it dug itself into. some earnings weighing on some of these indices. , microsoft, cat missing estimates. i want to show you the general health of the s&p's 10 sectors. one of the big reasons for the rise in equities is beca

carol: and i'm carol massar. we are inside headquarters. we are at amazon. to resuscitate the cap? it is all ahead on "bloomberg businessweek." ♪ david: we are here with ellen pollock. the editor of bloomberg businessweek. many more must reads, starting with a feature on amazon. the graphic accompanying it are so amazing showing the delivery , areas for amazon. >> this was a project some of the graphics team at bloomberg and the editors and reporters at bloomberg businessweek, what we did was look at where amazon's one-day delivery service is, their prime one-day delivery service. david: which they are really pushing right now. >> something they are really pushing. we looked at where the services were available and matched it to u.s. zip codes. what we found was, in many cities, several cities, there were areas that were largely populated by black consumers who are not eligible to get the service because they only deliver to other parts of the city, and they didn't serve these areas. david: especially atlanta and washington d c. boston. hole in thehole -- mi

i am carol massar. apple reportedly extending production cuts for the iphone of mid-slowing sales. can the tech giant move beyond its core product or have we reached a peak when it comes to apple? brazilian lawmakers beginning the impeachment process ahead of the sunday vote. has her presidency run its course? is herballife a pyramid scheme? maker of a new documentary about the victims who have lost thousands. we are one hour away from the close of trading on this friday. ramy inocencio has the latest. it has been an interesting day considering the run up this week. right now, i am calling it flat. it is noncommittal. there has been a lot of data we have been crunching over the day. this is where we stand with about an hour left to go in the trading day and week. the s&p 500 down .1%. the dow not far behind. recently flat. as i was talking about data, u.s. factory output fell, consumer sentiment felt. all of this weighing on the markets. also, oil falling. let's go to my terminal, the bloomberg terminal

i am carol massar. the worst earnings season since the financial crisis. he would not believe that forecast looking at the markets right now. we preview the numbers and see how investors are pricing in the negative sentiment, or not. then, carnival cruise line embarking kid we speak to the company ceo, arnold donald later on, about this new market and what it means for the company bottom line, and the future of the transpacific partnership. will it get done this year, and what does it mean for relations with china, and we have secretary gary locke with us. everybody, we are one hour away from the close of trading on this tuesday. let's head over to the market desk and check in with julie hyman. julie: it is gaining steam as we go through the day, session highs in the past few moments, and at one point, we were seeing the dow and been closer to 1% than they are right now, so very close. that weisk on scenario are seeing come back into the market, so what happened with oil, as we have been talking about t

i am carol massar. drags and i am david europe. jura.and i am david ♪ david: i am here with the editor of bloomberg's this week. an inconvenient truth about trade, something that has been talked about already. hot topic.is the david: it came out of nowhere. about people losing jobs, thinking they have lost jobs to people abroad. our economics correspondent makes a point that economists are almost always for free trade. it is sort of a given economic. there is a reality that people peoplee their job to going abroad. low-wage jobs. places like china where things are more cheaply. moving out of china and going to places like vietnam where they can be purchased even more cheaper. government-funded programs where workers are compensated where they lose their jobs through trade have not been very effective. economists, the whole idea is if you lose sure trade, drained -- to another will come up. but that does not always work and that is why there is are so many people paying attention to trade in this election. undress is in custody and

i am carol massar.mberg businessweek" looks at the corporate backlash of the north carolina's anti-lgbt law. deutsche bank and paypal already scaling back for their plans for the state. in light of this, north carolina governor is asking lawmakers to tweak but not remove the anti-gay law. i spoke to jeff green about the situation. >> more companies are piling on. you've heard of musical acts saying they are not going to play there. so far, it hasn't resulted in any changes, which was similar to indiana. they had a little bit of rollback, but it is never clear whether governments are going to respond to this once it is a law. once it is a law it's a lot more , difficult. carol: we are seeing incredible momentum for legislation like this around the country. >> last year, there were about 100 laws introduced in about 20 or 30 states in the country with this intent. this year, there are about 200 in 34 states. just 234 states. you will see this all legislature long. until the end of the year, this is going

i am carol massar. david: i am david gura. carol: someone designed a special project in iraq. david: the san francisco upgrades. carol: it is all ahead on bloomberg businessweek. david: let's go meet the editor. ♪ david: we are here with alan pollack, the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought is this -- businessweek in 2009, we read and since then design has been part of what we , do. our writers and editors work very closely with our artists and art photography editors, -- our photography editors and it drives the way we tell stories. we tell them graphically, through photography and we all work together, and design kind of moves us. a few years ago we started doing these special issues and we did design conferences which starts on april 11 in san francisco and many of the speakers are featured in the special. carol: is there a theme you kind of think about? ellen: not really. we are try to talk about all different kinds of design. we have graphic artist, architects, and sometimes a the

carol: and i'm carol massar. still ahead, why minor-league ballparks are really a good idea for small towns. carol: and how amazon developed its hit, the echo. david: and how to vacation like a king on a diamond. carol: it's all ahead on "bloomberg businessweek." ♪ david: i'm here with ellen pollock, the editor of "bloomberg businessweek." so many must-read stories in this issue. let's start about the opening remarks about alexander hamilton , he's going to keep alley dinner hamilton on the $10 bill. this is an historical figure who is been really lionized in popular culture over the last year or so. our economic correspondent peter coy takes alexander hamilton off of the broadway stage and actually talks about his economic policies. it is contribution to economic thought in the u.s., and how it's had an impact even today. one of the things he did was sort of question laissez-faire attitudes of adam smith and really stressed that the government needed to be able to tax. and that the government needed to spend mon

i'm carol massar. let's start with a check of the headlines.crumpton has more from our news desk. mark: pop music superstar prince is dead. the singer was widely acclaimed as one of the most innovative musicians of his era, with hits including "let's go crazy" and "when doves cry." his publicist says prince was found dead at his home in suburban minneapolis. fans gathered outside his studio. 57 years old. hillary clinton's short list of vice presidential candidates will include women, according to a report in "the boston globe," citing an interview with the top campaign official. that has some suggesting elizabeth warren, because the live of -- liberal senator from massachusetts to help bridge the gap between senator clinton and supporters of bernie sanders. in maryland, clinton holds a commanding lead over sanders. she has support of 57% of democratic primary voters. maryland and for other states hold primaries on tuesday. the fbi's hack into a terrorist's iphone did not come cheap. the fbi director has hinted that the fbi paid more than $1 mi

carol: and i'm carol massar. week's market and finance section, a look at credit card turners. david: these are people who squeeze credit card companies for free stuff. >> turning is the process of opening up several new greg hardy for the sign on bonus, and then moving on to another set of credit cards. people and up with 20, 30, 40 credit cards. intensive.e you need to be very organized, you need to be -- you need to have a high credit score to begin with. if you do this wrong, your credit can be complete with destroyed. carol: you can't spend a look what you have access to, or you get into trouble. >> in you to meet the minimum spending requirements to get the sign-up bonus, but don't go any further. carol: we are talking about mileage and stuff like that. >> hotel, travel perks, airlines. there are a ton of new credit cards that come out that are trying to get loyal customers. even small airlines have their own cards. david: are banks encouraging this? what about the people that are getting 20 credit cards? >

carol: i am carol massar.i got a peek inside of burke's world. >> you would have seen his work in harlem, the museum of arts and design, but if you are interested in buying his work, you could see it in showrooms and any really, really high-end european company that probably has his designs. david: what do they look like? >> these are described as ebullient. because they have these wild and kinetic designs. some of his iconic lamps are kind of woven and a colorful cast of it that mirrors baskets you would see in senegal. for his european travel chair, and usually cost more than $14,000 and you see it kind of woven with plastic fibers. in a kind of hood. it is really quite strange and original. it draws on a lot of his cultural influences. david: if the content with having that audience of people buying his work? would he like to go more mainstream? >> he is actively looking for a business partner and he is very, very concerned of the idea that could design is designed at the us like it has a personality, a sou

carol massar and matt miller. ught it would be interesting to see which countries are revealing their balance sheet to see how much money is on hand. what pays off witheresting to sh countries are revealing their balance sheet to see how much money is on hand. what pays off with the cash on hand when it gets put to work? expenditures? by backs or dividends? this is a chart that compares that. he went line takes a look at capital expenditures. the top line is buybacks and these companies do a lot of buybacks over the past. . and the bottom line is the dividends. in terms of the payoffs, they were close to each other. and i bring this up because capital expenditures, we have been wanting to see ceos say that we will take cash. the top line is buybacks. so, maybe capital expenditures? matt: that is that for the economy. just buy back your stock. it is an interesting start. i am looking at here the diversions between gdp and initial jobless claims. i have inverted initial jobless claims so that going up is good isd nor

i'm carol massar. let's start with a check of the headlines.crumpton has more from our news desk. bernie sanders has closed the gap with hillary clinton in new york's primary to 18 points among likely voters. according to a poll by boston-based emerson college, mrs. clinton is at 56%, senator sanders at 38%. donald trump leads ted cruz 56% to 22%. john kasich is in third place at 17%. senator cruz heading more than -- moreon -- adding 12 than $12 million to his campaign coffers. officials don't say how much cash senator cruz has on hand right now. court, thefederal government pressing ahead with a demand that apple help it crack into a drug dealer's iphone. it is appealing a ruling in apple's favor. the decision to appeal comes after the fbi successfully gained access to the iphone of one of the san bernardino .hooters without apple's help it has become the pivotal case regarding privacy rights. spacex has another big launch plant. an unmanned falcon rocket is set to take off a little over an hour from now. the company's spacecraft will attempt

♪ carol: this is bloomberg markets and i'm carol massar.k at the average off the highs and lows on the dow jones industrial average. nasdaq, just barely with the gains. ,he s&p 500 top three financials, energy, and telecom. it is time for a look at some of the biggest business stories in the news right now. wrapsld's is eliminating from the menus. the company phased out large and snack sized wraps last summer. more than 14,000 u.s. locations. some markets are selling the chicken ranch version of the snack wrap but the sandwich type has mostly vanished, gone from the restaurant chain. premium congrats were introduced in 2013 but was not the big seller mcdonald's was hoping for. ban onk ended its professional mixed martial arts. governor andrew cuomo signing the law putting the state athletic commission in charge of the competition. the move is potentially lucrative for madison square garden. hold an event there. the nba had a record-setting season. it broke its attendance mark for the second straight season, dry nearly 22 million and in 2015

also glad to have carol massar here. carol: good to be here. jon: it will be a busy week ahead. let's bring up the scorecard on the financial markets. --ures softer, dow futures in europe, we were lower by a percentage point on the dax. led by the minors, down by 1.5% per dollar-yen, what a move on friday. the biggest move since october of 2014. we erased some of those gains, down .6 of 1%. and yields are creeping higher. the 10-year now up ahead of the federal reserve decision. carol: watching the markets and some specific names, let's head to matt miller with some stocks to keep an eye on. matt: first off, some energy names. we have energy down -- or oil, i should say, coming down off a five-month high. as a result, a lot of these energy companies are down as well. we are still looking for earnings for most of them. conoco is out tomorrow. murphy and marathon are coming out next week. we already had schlumberger, to sixell to a five month high on friday. a lot of these companies are coming off good runs, starting the day down across the board. the same is true in europe. oil s

i'm carol massar. full the dollar plunges ahead of first quarter earnings. how to play the volatility trade and which markets to avoid. the daily mail throwing his hat into the ring. which company is a top contender and what it all means for marissa mayer. we are one hour away from the close of trading. you'll take it off this hour. is what has been happening for most of the day after a strong start. volume running below the 20 day average. see some support coming from areas that have been the nubbin new york. we've gotten financials. it has been the lagging group. so there has been a decline and a lot of negative stuff going into that. it is the underlying commodities that are higher. i mentioned with going on in commodities. we are seeing oil and gold trade higher. in the classic inverse trade we tend to see. carol: that is the overall macro view. what about the big movers? >> under armour and morgan stanley coming out making comments saying wholesale clothing sales were down 2% in the first quarter. .luggish footwork also hurt the company reports earnings

scarlet: thank you, carol massar.g up on bloomberg , the jpmorgan ceo's says youray be giving up privacy. much more on that when we return. thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. >> you are watching bloomberg markets. mark has more. senators sanders says the democratic front runner is not qualified to be president. pointed to wall street donations as well as her support of the iraq war. she declined to answer directly. both are campaigning ahead of the primary. militants have kidnapped cement workers and contractors northeast of syria. belgian prosecutors investigating last month terror attack want information on the so-called dan

i'm carol massar. here's what we are watching at this hour. a flat year for u.s.e discuss where markets are headed and how the fed rate hikes might play out. then a bidding war for yahoo!, verizon and google are said to be in the race for the company's web business. corporate america kicks off earnings season next week with alcoa. how much squeezed margins and overleveraged profit. from thee hour away close of trading on this friday. let's kick it off with ramy inocencio. we started off with a rally but move down a bit. ramy: we are headed towards session lows right now. it's been a general decline throughout this whole entire trading session of the week,

i'm carol massar. here is what we're watching at this hour.the 2016 high financials here it financials are leading the way after earnings from j.p. morgan chase beat estimates. it begs the question, has the bar been set to low for the bank earnings season? , alsog demand for autos restaurants leading to a surprise drop in march retail sales. why are u.s. consumers holding back and is this a long-term trend? bigfacebook is putting a emphasis on virtual reality. we speak to the social network's chief technology officer. we are one hour away from the close of trading. at the markets desk julie hyman has the latest.

i'm keller massar -- carol massar. it is one of the biggest earning days - of the quarter.an for equity markets? alphabet might be the big one reporting after the closing bell. will the tech giant report healthy profits despite its uber issues in europe? amazon -- what does it all mean for consumers? we are one hour away from the close of trading on this thursday. what's let -- let's get you going with a check on markets. julie:

scarlet: let's check in with carol massar and cory johnson as to what's at stake. so much. we are here with porter bibb. we were talking about the different choices in terms of video streaming and there are more options, where do you see this going? demise ande slow melting of the iceberg of television as we used to know it. and that reedflix talkeds and his earnings about being able to download content and play it whenever you want wherever you want on any device. that is where the whole business is going. cory: you can see the download component of this. amazon prime will let people do this but netflix doesn't. they are priced similarly so what do you think of their likely success? they had free shipping and all the video and music through amazon prime and that's a bargain compared to anything else that's out there. they are trying to unlock the contract necessity and give you a no contract month by newmont system that's priced underneath netflix. it's not just netflix and amazon. to putk is just starting live news video from television on facebook and you will s

i'm carol massar. full the dollar plunges ahead of first quarter earnings. how to play the volatility trade and which markets to avoid. the daily mail throwing his hat into the ring. which company is a top contender and what it all means for marissa mayer. we are one hour away from the close of trading. you'll take it off this hour. >> that is what has been happening for most of the day after a strong start.

i'm carol massar.e s&p 500 is having its worst day in two months and is megadeth for the year overall. -- and is negative for the year overall. have to sing a little katy perry. what do you mean by that? guest: it has been hot and cold lately. it seems frustrating to a lot of market participants. one day we are tracking oil and the next day it is dollar yen. nothing changing fundamentally. yesterday for a great and we are back to feeling awful today. i think it's really confusing market disciplines. carol: what are you watching to figure out what is going on in the market? guest: i think this is a bit of consolidation. people haven't like this since mid-to late november or february. i think people have been frustrated and this back and forth is a little bit of a battle. onol: there is a lot of risk , but you've had the yen and treasuries and gold to the upside. guest: one thing people are concerned about -- there's a big carry trade. people have been buying cheap assets overseas. that is why you see th

i am carol massar. here is what we are watching the hour. markets are moving higher.edge funds. steve cohen is starting up a new firm that will allow him to take outside money again. jones facing more than $1 billion in redemption requests after a lackluster performance. our airline shares about to take off. delta leading airline higher as the company is performing artists. we are just an hour away from the close of trading. stocks are fluctuating around here.

i'm carol massar.rt schooled himself on how to sound like the smartest guy at a conference. >> jargon is employed or deployed to make people sound smarter than they are, to make jobs and tasks sound more important than they are. and do a nice job of alienating a lot of other people so you don't really know what we are doing. carol: you feel left out. >> that is the point. -- what jargon is for. carol: i feel like i need a translator when i go to a conference. you highlight words. which ones jump out at you? i feel like so many of these we hear often on a daily basis. sam: we hear it a lot. particularly if you spend time around tech companies. they are quite enamored of their own jargon. they talk about making things immersive. schedule: what does it mean? >> it just means not bad. there is no opposite of immersive. it just means good and people want to use it. instead of saying good, we call it immersive. we used to call it dynamic. carol: i've been able to look at the article. "internet of things." we

i am carol massar. apple reportedly extending production cuts for the iphone of mid-slowing sales.ech giant move beyond its core product or have we reached a peak when it comes to apple? brazilian lawmakers beginning the impeachment process ahead of the sunday vote. has her presidency run its course? is herballife a pyramid scheme? maker of a new documentary about the victims who have lost thousands. we are one hour away from the close of trading on this friday. ramy inocencio has the latest.

scarlet: let's turn it over to our radio colleagues carol massar and cory johnson.ick here. thank you so much. this is the bloomberg advantage. nick colas is in the house. nice to have you back here. you use a movie reference to look at the market environment. cory: and the bazaar one. >> it comes from " hannah and her sisters" and there is a reference in their a page 112 that michael kane wants his love interest to read and it has become an award in france. the prize of page 112 and it's a lyric -- literary contest based on page 112 of a whole bunch of different novels. the first 50 pages are easy to write and you make them spicy and move fast but by the time you get to page 112, the real writers are still working in one's not so talented have given up. cory: i love it. carol: how does it apply to the market environment? >> i thought we are there. we had a spicy first quarter in the first 50 pages have a lot of volatility and it was difficult to call the market but now we're into that time when people are not really focused on what's moving right now. is moving now

carol massar and cory johnson, thanks so much.ahead on "bloomberg markets," he is on the front line of financial security. she tells us how she is steering one of the biggest bank into the digital revolution. ♪ tracy: from bloomberg world headquarters in new york, you are watching "bloomberg markets ." i'm tracy alloway. scarlet: and scarlet fu. mark crumpton has more from our newsroom. mark: they fail to michigan families -- that is how the state attorney general described three people who face charges in connection with the water contamination crisis in the city of flint. you are looking at live pictures from the press conference. he told reporters these employees have a duty to protect the health and safety of the families of the people of flint. those charges include 2 statement leaders and a flint employee. they are accused of evidence tampering and other crimes. next tuesday is shaping up to be a crucial day for bernie sanders after losing to democratic front-runner hillary clinton in the new york presidential primary. the s

i am carol massar. a result we are watching -- fed day fast and approaching. headwinds and market volatility upset the rate hike thailand. mcdonald's reported better-than-expected earnings thanks to holiday breakfast, but how long can value meal sustained a comeback? putting a lid on wall street pay it curb measure -- will excessive risk-taking in the financial industry? we are just one hour away from the close of trading. let's head to the market desk where really in a sense he'll has the latest -- randy in a sense he'll has the latest. : wee

carol: and i'm carol massar. we are inside headquarters. david: we are at amazon. all ahead on "bloomberg businessweek." ♪ carol: we are here with "bloomberg businessweek's ellen pollock. dealing with the internal borders. : itn

i am carol massar. drags and i am david europe.am david ♪ david: i am here with the editor of bloomberg's this week. an inconvenient truth about trade, something that has been talked about already. hotor: it is the

i'm carol massar. it's time for look at some of the biggest business stories in the news right now.y value the second largest stock exchange operator at 1.8 billion dollars, more than twice the expected valuation. an error in trading software stopped its shares from opening property -- properly. a class-action suit has been filed against folks wygant coming in u.s. district court from the northern district of illinois. ity alleged they were fraud by the devices and diesel cars. the controversy over the panama papers has spread to canada. the royal bank of canada says it has a team investigating and documents suggest number of politics -- politicians and celebrities used offshore accounts to hide their fortunes. apple is near its high of the day after there was a strong i rating and price target of $150 a share. joining us is the analyst behind that call. lots of folks are concerned about apple's slowing growth. yourus the thinking behind recommendation. guest: they're smart phones being created in the average price of an apple phone is $700 versus android at 300. all of the wraparou

i am carol massar. the worst earnings season since the financial crisis.believe that forecast looking at the markets right now. we preview the numbers and see how investors are pricing in the negative sentiment, or not. then, carnival cruise line embarking kid we speak to the company ceo, arnold donald later on, about this new market and what it means for the company bottom line, and the future of the transpacific partnership. will it get done this year, and what does it mean for relations with china, and we have secretary gary locke with us. everybody, we are one hour away from the close of trading on this tuesday. let's head over to the market desk and check in with julie hyman.

i'm carol massar. here is what we're watching at this hour. the close of the 2016 high financials here it financials are leading the way after earnings from j.p. morgan chase beat estimates. it begs the question, has the bar been set to low for the bank earnings season? , alsog demand for autos restaurants leading to a surprise drop in march retail sales. why are u.s. consumers holding back and is this a long-term trend? bigfacebook is putting a emphasis on virtual reality. we speak to the social network's chief technology officer. we are one hour away from the close of trading. at the markets desk julie hyman has the latest. julie: thank you. it has been steady. it is not just j.p. morgan, but china as well. saw the biggest year-over-year gain in exports year over year in china. a little bit of reviving economic demand potentially there. some mixed economic data in the u.s.. neither of those really derailing stocks from their upward climb that we have seen in today's session. it is financials leading the way. take a look. groups, groupsal tha

scarlet: from work, we turn to our colleagues carol massar and cory johnson. carol: welcome.rg advantage. our next guest says we are close to return a profit cycle. of portfolio and market strategy, roughly $82 billion in assets under management. back.o have you he take a look at the picture. it has not been great at all. >> some of the headwinds we have been experiencing so far, the strength of the dollar, oil prices, all of that comes to fruition. those headwinds we think will go away. will actually experience profit growth. companies reporting this week, dow stocks. >> you have to have growth and demand. think the economy is growing. present danger. you put all together and you are growth at theenue mid to single digits range. that would allow stocks to events and post single-digit returns. cory: we have seen revenue growth without profits. growthill see revenue and profit growth where margins pre-much toe the line. we would see growth pre-much in line with revenue growth. ofdo not see much in the way expansion. we think it will happen from capital-fashioned growth. we see

also glad to have carol massar here. carol: good to be here. jon: it will be a busy week ahead.the scorecard on the financial markets. --ures softer, dow futures in europe, we were lower by a percentage point on the dax.

it over toet's turn cory johnson in san francisco and carol massar, here in new york. everyone. we do want to talk about the consumer appeared a new report in wakefield. bloombergned in our studio here in new york. nice to have you here on bloomberg. tell us about what you find, what you have left that in the study that says this will be the year of the consumer. >> we have seen a huge drop in oil prices and we have been concerned about where it is showing up. relatively moderate increase. a big reason for the slow growth is lower oil prices. people have been talking about how the decline in oil prices consumers to have more discretionary income to spend on other things. miss penny do not appear to be showing up in the answer was it was showing up in the explict -- inflationary adjusted numbers. if you look at the details adjusted for inflation, real retail sales were up 4.8%, the strongest growth since 1999. auto was a big piece of it. another piece of it. auto sales were at a record high. no question, with gasoline prices, the sales were way down in autos were way up.

let's turn it over to carol mansour -- two carol massar and cory johnson.g advantage on bloomberg radio and mark travis is with us. talk specificu names and where you guys are committing money, but when you look at the overall environment, deals like we get some good news and bad news. where are we, probably speaking? mark: back before the mortgage what nina'searned meant. no income, no asset. acronym tina. there is no alternative to be in the market. there's a 1% s&p, that's with amazon and facebook and a few other big cap names in the bond market was 45 basis points from a broad barclays index. cash was the best risk-adjusted return, even though it is miniscule. if you go out a quarter later, we have some volatility that scare some people going into february 11. now, janet yellen has been dovish pushing back on how quickly they would raise rates. i feel like the psychology has changed a lot. back, the sentiment was gloom and dam. who knows where we are going to end up? today, it is much different people are concerned -- when i see private clients who have

here is jonathan ferro and carol massar. i'm excited to see you back. ou off. carol: we have got a great lineup of guests on the program this thursday. we kick it off with mark fields 's. matt, those ford earnings. matt: adjusted eps of 68 cents. ford beating by a longshot there.

a film the festival almost didn't show is getting attention and carol massar sat down with robert deme everybody on bloomberg tv. deniroht up with robert and jane rosenthal, the founders of the tribeca film festival and i asked him about a controversial film that looks at vaccines and vaccinations and autism. i asked them about why they decided to remove it from the festival. >> i wanted to put it in. i saw it. i don't know enough but i know a bit and what i was hearing that made it a valid entry and i never get involved in entries. is to tell them to go see jane. that this was something that people should at least see. there was a strong reaction from people who i did not expect to have such a strong reaction the way i have been told. i don't want to get the festival in a controversy that would be a misperception about it. i said let's pull it and it got attention oddly enough there are i don't know enough about certain things but it makes me want to know and there is another movie called " trace amount" which i found interesting. maybe it's not all true but there's something there

to carol, let's go massar and cory johnson.sk you about this changing valuation of the unicorn. we were talking on radio about this notion, that the psychology has changed. vc's are demanding that things are different from their companies. messaginghanged the to the companies you are investing in? >> we have told company to be careful about spending money. in the past, they were very generous with respect to fundraising, so companies were willing to grow fast without caring about gross margins or profitability. now things are getting back to normal worth people are focused on making money. some companies are having negative gross margins? not negative, but they could have gotten a 70% gross margin but only got 35%, because in a rush to get to market, they did not worry about the money. we have talked to people talking about the environment changing, real estate in san francisco, possibly even a recession in the area. has any of the sentiment with startups chain -- changed? definitely companies have started to slow down on vestm