errors emma chandra -- here's e mma chandra. emma: in germany, a bizarre story after bomb attacks on a bus carrying a soccer team. police arrested a suspect who said he hoped to profit from a slump in the dortmund share price. one player was wounded in the attack. hammond.k., philip signals the conservative party will drop a pledge not to raise taxes. hammond says that promise has constrained the government from managing the economy sensibly. he says he believes in a low tax economy, but the government needs flexibility. orderhington, trump will a review of any significant tax relations imposed last year. the white house says the president wants to reduce regulatory tax burdens that add complexity. meanwhile, the white house budget director says trump plans to propose spending $200 billion in taxpayer money on an infrastructure building program. leverage private financing, taking the whole program to $1 trillion. the program would not be ready until fall. global news 24 hours a day, powered by more than 2600 journalists and anal

emma chandra has more. emma: u.s.ecretary of state rex tillerson is trying to convince russia to end its support for syrian president assad. he met with russian foreign and her sergey lavrov says he has concerns about what he calls an vigorous and contradictory ideas from the u.s. russia rejects allegations that assad was behind chemical weapons attack. in asia, china's president xi jinping told president trump the issue of north korea's nuclear weapons program should be resolved through peaceful means. xi spoke with the president tweeted thatump north korea was looking for trouble. the u.s. as set and your current carrier to the region. that is raised fears that conflict could breakout. 2 islamic extremists were the focus of an investigation into a bomb explosion near a bus carrying one of the country's top soccer teams. one of the suspects has been detained. one player was injured. schedule champions league quarterfinal match with monica was delayed until tonight. -- with monaco was delayed until tonight. global new

i'm emma chandra. this is bloomberg.: french left-wing candidate jean-luc melenchon is advancing in the polls. francois fillon is currently in third place. if this continues france could see a potential battle of two populists in what has already been one of the most unpredictable election campaigns in recent history. for thecb preparing unexpected? joining us now from our paris bureau is bloomberg reporter mark dean. good to see you. great stories. in answer that question, how is the ecb preparing for postelection turmoil, the answer is potentially not at all. >> yes. the information that we are essentially getting from the ecb is that there is no specific plan at this stage on how to deal with a potential le pen victory. if you talk to people in and around the ecb you get a clear message that, in fact, anyone expecting mario draghi to dissent with a firehose that is able to put out any massive fire caused by the election of marine le pen in france, should think again. simply flipot just a switch and call markets -- cal

emma chandra has more. police have arrested a man in london for possession of weapons near the houses of parliament. witnesses reported seeing police blocking off whitehall. security has been increased since march 22 after an attacker stabbed at police officer just inside the gates of parliament. boris johnson says britain will probably join the u.s. in further military action against syria if asked. johnson said it would be difficult to say no to u.s. whether or not parliament gets a vote on it. in washington, republican leaders may hold a vote saturday on their proposal to replace obamacare. that's according to a republican eight. a group of conservatives who scuttled the first attempt has another version of the bill. it's unclear whether the moderates will support the legislation. white house hardliners lost their battle to get trump to threaten to withdraw from nafta. he has agreed not to terminate talksade agreement after with mexico and canada. global news 24 hours a day powered by more than 2600 jour

emma chandra has more. emma: let's get you caught up with the first word news.gorsuch has taken the first of two oats as he prepares to take his place at the 113th justice of the supreme court. he was sworn in this morning after a contentious political fight in the senate. the first ceremony takes place privately at the court. there will be a public white house ceremony a short amount of time from now. in sweden, people are questioning the country's open immigration policy in the wake of the truck rampage that killed four people. forsuspect had a request residency that was turned down. a second person has now been arrested in connection with the attack. in london, thousands lined the streets to kate -- streets to say goodbye to the officer killed in the westminster attack. theing in the u.k., during 2008 financial crisis, the bank of england repeatedly pressured commercial banks to lower their settings for the libor rate according to the bbc which cites a secret recording of a senior manager at a large british bank. the boe says libor wasn't regulated at the tim

i'm emma chandra.nathan: bloomberg's alix steel is standing by with sheila patel, goldman sachs' asset management. great to see you care you have a great insight into what is going on right now. today, we get the news that north korea had yet another ballistic test your we have president xi, president trump meeting today. where are these two things? the globalhink markets and global investors are looking at the underpinnings of global growth, and they feel good, notwithstanding geopolitical influences. clients are voting with their feet in the middle east, in europe, and around asia. in the last two months, all the clients i've seen have said i am confident in global growth, i feel more confident than i ever have a the u.s. recovery, about burgeoning returns in europe, and then they look at what is going on in north korea, and they say, "i hope the politicians can square it away." alix: "don't mess it up." how can president trump and president xi not mess it up in the next 48 hours? sheila: if they hav

they cannot write a memoir and a matter what they have done a dozen matter what agenda are -- chandra but nobody shrinks do you agree? is it a fanciful notion for the late publishing operates >> ag agreed. from some of those great writers can explain the phone book to you in a fascinating way and others a bit otello well it will not make the difference the way did think that is true in all the memoirs that we now consider from any number of people i do think until she wrote prozac nation nobody knew who she was and they still may not but quality does rule out. >> do think that is true but i do think there is a privilege thing we consider to be worthwhile stories to determine through the lens of one it is a uniform so like a lot of the memoirs are not by people who looked like me but there has been a history of one ideal of what beauty is by do think that is a complicated idea than maybe i would say if i tell the story will limit we loved but if i tell my story i could tell the audience. >> that is absolutely true. one of those aspects of the capacities is imagination with the ability

i and emma chandra.tomorrow, we will have interview with robert kaplan. that will be at 7:30 a.m. eastern time. jonathan: theresa may would like a snap election in june. these guys in that chamber will decide if they will have one. two thirds of them need to agree to it if they are going to get that election. it would have meant we would get the election in 2020, but if we get in june two thirds of the members in that room have to say aye. david: it is not totally fixed. jonathan: no, not exactly. david: it is fixed unless we change our minds. jonathan: the result will come up very shortly. we'll bring you those results on bloomberg tv. alix: ibm doing the biggest decline since last june. quarterly sales are falling short of estimates. you have revenue down for the 20th consecutive quarter. are you concerned about the debt -- the dip? >> know, we are not concerned about ibm. it is just a company that is buying back stock. they have declining revenue and declining profits. david: what do you know that wer

here is emma chandra. emma: president trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u.s. would love to solve the issue peacefully, but said it is very difficult. at the united nations security council today, secretary tillerson will try to showed north korea the world is against it. in france, the presidential election is a week from sunday. at a rally and nice, marine le pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. tell thes are ready to u.k. they are united when it comes to brexit. there will be a summit in brussels to discuss the uk's departure from the block. they will warned the u.k. against trying to create division. after anfell the most unexpected dip in fixed income trading revenue. at ubs, shares surging after better-than-expected results and wealth management and investment banking. clients added $21 billion of new money, the most in a decade. global news 24 hours a day powered by more than 26

emma chandra has more with bloomberg first world news. emma: this get you caught up.ations ambassador wants the u.s. to be the core of the middle east agenda. nikki haley will use a un security council monthly meeting on the region to discuss iran's role in syria and yemen. nikki haley has accused the u.n. of having an anti-u.n. bias. vladimir putin is taking advantage of mixed signals on the u.s. on ukraine. he has tightened his grip on two rebel regions. in maine sanctions will likely stay in place. people close to moscow says putin's strategy is to keep integrating the region with -- the white house seems uninterested. in the middle east, somewhat producing countries have reached an initial agreement to extend those cutbacks to try to end the worldwide glut according to saudi arabia. the six-month deal involving opec and russia is due to expire in june. high oil stockpiles have kept prices from rising significantly. global news 24 hours a day part by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra. vonnie? vonnie: the economy in

kicking things off is emma chandra in london.an see my chart is g #atv -- i am looking ahead to easter sunday. chocolate should be a lot cheaper. as this chart shows since 2009 and the great recession, the price of sugar and real eggs have all all on. chocolate is down a whopping 22%. i looked into why this might be an oversupply is a factor, but so are changing tastes. chocolate consumption is falling across the major markets consumers shift to healthier foods. -- analysts described this as a important shift in consumer spending habits. there was a bright spot for producers and that is customers being willing to splurge on higher quality chocolate. organic offerings and those with higher cocoa percentages. that is my chart. mark: and easter themed chart. can you beat that, kevin? kevin: my chart is not about easter or fast and the furious. market gdpg at versus the -- emerging market gdp versus developing -- developed market gdp. this is one of the higher conviction trades in the emerging markets. top panels, emerging market gdp

chandra. this is oomberg. vonnie: thanks., we will hear from blackrock chairman and ceo larry fink on brexit, the french election, and u.s. markets. this is bloomberg. ♪ ♪ mark: live from london and new york, i am mark barton. vonnie: i am vonnie quinn. this is the european close. larry fink is keeping a close eye on france and the united kingdom to where political risk is uncertain. he spoke with erik schatzker to discuss brexit and the french election. larry: i would say from our fears of the third and fourth quarter going into the first quarter, the fears have abated. we still do not understand what brexit will mean for the u.k.. i have been in constant dialogue with the administration and they asked us what our intentions are. we will stay pat and watch, until we understand what brexit means related to europe. what are the key elements that people have not talked about? europeans have been discussing items like, we want you to manage all european liabilities in europe. most firms use london as its platform for that. if th

emma chandra has the latest.sident trump is taking aim at tech companies bringing thousands of foreign workers to the u.s.. he is ordering a review of h-1b be. the h-1b program will be criticized for allowing american workers to ruby replaced by lower paid foreigners. vice president mike delivered another warning to north korea. vice president mike delivered another warning to north korea. the u.s. vice president mike pence delivered another warning to north korea today. >> all options are on the table. trump will work closely with japan and south koreakorea and all of our allien the region. president trump will work with all of our allies in the region. emma: he says washington would rather have multi-sited negotiations. in france, police of thwarted a terror attack. days before the first round of the residential election. two men have been arrested in marseille. both the french turned to radical islam in prison. no details were given about potential targets. a fugitive indian tycoon in london has been arrested.

emma chandra has more in london. international monetary fund has raised global growth forecast and issued a warning, saying the worldwide economy will grow 3.9% this year. left thee u.s. -- it u.s. forecast unchanged and warned the immersion of protectionist forces could undermine economic growth. in just a few minutes, you will be speaking with maurice obstfeld, the chief economist. president trump says talks with china's president have convinced him to abandon his hard-line approach on trade for now. he was interviewed on fox news. >> the understands it is a big problem. he is working on it. am i going to start a trade war with him in the middle of working on a bigger problem with north korea? i have great respect for him and we will see what he can do. emma: the president says he has not changed, his position has. taking aim atp is tech outsourcing companies bringing foreign workers to the u.s., revealing the h-1b visa process. they would says likely have fewer visas approved. the program has been criticized for a

i am emma chandra. this is bloomberg.sident trump will meet with ceos of the white house starting in just about 15 minutes. the business council is expected to focus on business strategies for business and the economy. fink and will be larry the ceos of ibm, gm, and walmart among other companies. joining us is sahil kapur. what do we expect to hear regarding this meeting? many of the ceos have given their thoughts to the president -- president. what will we learn? sahil: this is a meeting between president trump and 20 ceos, and issues have not been listed but expected to come up our infrastructure and tax reform. they are in the early stages of dress -- crafting a plan. be from diverse backgrounds and companies ranging from walmart to ibm to gen gm and tesla. it is not clear what we will be hearing from them that president trump is amidst crafting policy plans for things like taxes and infrastructure. the white house billing this as a listenings -- listening -- listening section -- session. vonnie: apparently they will b

emma chandra has more.s setting up a potential battle over texas with house speaker paul ryan. the president will call for cutting taxes on individuals and slashing the corporate rate to 15%. ryan has warned that cutting corporate taxes at less than 20% would add to the deficit and he is opposed to that. president trump has stepped up a trade fight with canada. he has proposed tariffs on lumber. the commerce department says the canadians unfairly subsidized their lumber industry and canada says it is necessary. in turkey the prime minister warns that the country is tired of the way is being treated by the european union. they spoke to you -- to bloomberg in an exclusive interview. >> we see finger-pointing in turkey. we have instructions to do this and not to do that, as if they are the teacher and turkey the student. that won't be accepted by this nation. >> they say the eu needs to decide whether it is open to non-christian countries like turkey as members. when turkey knows the answer to can determine it

i am emma chandra. this is bloomberg. thank you.litics, republicans hope to revise a bill to repeal and replace the affordable care act. that is according to gop lawmakers this week. but it is a challenge to draft legislation that conservative members of the republican caucus will support. a new report indicates that americans want the trump to make obamacare work. they go from here? david gura. president ofthe the cleveland clinic and he serves on the president strategic economic forum and joints me from washington. to talk cosgrove, great to you. we have talked about the american health care act before they took it up. how did they react when house republicans decided not to bring that to the floor? toby: i thought it provided an opportunity for us. what iswe are not doing the root cause of the problem. we have noticed that health care continues to increase in costs. that is driven by two things. first of all, more older people and more things we can do for people. and rather than talking about how we move the money around to diff

i am emma chandra.is bloomberg. david: overhanging the chinese summit this week in florida and capitol hill on the supreme court, is work being done back at the white house on that tax plan? joining us now, ethan pollack of the future of work initiative. still in new york is megan greene. let me start with you in washington. where are things on the tax plan? in the weeke source and perhaps the trumpet ministration would try to reach out to democrats by attacking -- by tying taxes into infrastructure. >> that is one of the things they are talking about. tax reform is going to be very difficult. the last time that tax reform was done was 1986. what that means is the tax code we have today was designed for an economy that existed over 30 years ago. as you know, with waves of technology, trade, automation, they have really changed the structure of the economy and in particular, the types of jobs that are available for american workers. i think that this is going to be a big list on the part of the democrats

i am emma chandra.eir way to the white house for a meeting on that business council. will be developing strategies to grow the economy, which the president wants to get done. our white house correspondent is here to give us a preview of the meetings. one of the agenda pieces will be tax reform. when do we have a plan out of the white house? shannon: it's going to be tough. it takes a lot of number crunching. we don't have a lot of treasury officials. we don't know who is in charge of tax return. there are a lot of mid-level people. it's a little bit of an empty house right now. you don't have the people. in the white house and among the economic advisers, there is a lot of disagreement about what the best strategy is. paul ryan, he says they have a plan. we've been working on it since we were 13 years old. it went so well of health care reform. shannon: they could just take the house plan. if the white house once its own strategy, it's a lot of work and people coming together around complex ideas. david

i am emma chandra. this is bloomberg.: those plans by president trump to redo the u.s. economy are affecting all sorts of assets and investments including initial bonds. here to explain what is in store is ben barber, head of musical -- municipal asset management. i want to put up a chart that shows what happened since the election. this is the largest municipal bond etf the first quarter ended you go to the left that is the election. you can see the price and the top chart goes way down and it comes back up roughly overtime. you can see the fund flow is way negative. what are the stories on minutes of the bonds and how they reacted to the election of president trump? >> postelection rates rose quite a bit and nav's felt quite a bit. shareholders reacted in a negative way and we saw a redemption out of the uni asset class in general postelection. a couple months after, blows really start to stabilize and they come back in a positive way over the past month. relativest the overall valuation to communities, relative to fixe

i am emma chandra with your bloomberg business flash. more problems for the embattled ceo jeff staley. the u.s. justice department has joined british regulators investigating him for repeatedly trying to reach out to whistle blowers. they have recommended -- recommended him -- reprimanded him. of mercedes-benz, mercedes earnings were up from a year ago. there are rising demands for the e class sedan. that is three times the growth rate of her cities rivaling the luxury market. the ceo of united airlines is pledging to review the company policy after a passenger was dragged off a flight in chicago. the federal department of transportation has begun its own review as the senate commerce committee told united. that is your bloomberg business flash. i am emma chandra. this is >> bloomberg. over the last few days, the movement has been about gold. look at bloomberg here. level, stilhat with us is dan morris, part of the see -- the senior invest in strategists. do you buy it? >> we probably wouldn't be that bullish at this point. certainly we

i'm emma chandra and this is the hewlett-packard enterprise greenroom.aks at the university of michigan at four clock p.m. eastern --will bring you that live janet yellen speaks at the university of michigan at 4:00 p.m. eastern. we will bring you that live on bloomberg telogen. ♪ alix: it is a trump bump. last week's missile strikes on syria brought the tomahawk missile maker to its best day in three weeks. here to discuss his bullish call on stocks is richard safran. still with us is gina martin adams of bloomberg intelligence. how much of the move we have seen in defense stocks is due to the increase in the defense budget this year? richard: you have had increases in defense stocks this year due to trump policies on tax, things like the border tax adjustment, etc., but part of it is also the fact that we are looking at substantial increases year-over-year in defense spending. as you mention, the $54 billion we are going to see. we have two defense bills coming right now, one that just passed the house, the fiscal 2017 bill. hopefully we get that befor

i am emma chandra.g up, wall street continues to binge on netflix. shares are poised to open at a record with investors sharing the company's outlook. capture has had an underperform, has he changed his tune? ♪ ♪ emma: this is bloomberg daybreak, i am emma chandra in the hewlett-packard greenroom. coming up, linda mcmahon joins us from washington. ♪ now to the bloomberg business flash. walmart making another attempt to build up its online -- in talksand talk to buy a men's clothing store. those discussions are in the final stages. last year walmart but jet.com for 3.3 billion dollars. johnson & johnson's blockbuster arthritis drug took a hit in the 6%st quarter, sales fell against pfizer. this highlights why j&j needs to ever,ts biggest purchase purchasing actelion. amazons deal to stream national football games is bigger than .eported previously amazon will include as much as $30 million worth of marketing and promotion to the leak, pushing the total value -- the league, pushing the total value to $80

i am emma chandra. this is bloomberg., eli lilly reported first-quarter earnings early this morning. dave ricks, the president and ceo will join us next. live from washington and new york, this is bloomberg. ♪ ♪ emma: this is the hewlett-packard enterprise green room. this is bloomberg. ♪ now tear bloomberg business flash. the third largest wireless -- carrier in the u.s., t-mobile maintained profit outlook. that suggests the cost to get new customers will offset the earnings they generate. they main airline may be on verge of collapse. workers voted against the restructuring plan. the plan calls for salary reduction and hundreds of job cuts. meanwhile, an italian newspaper reports that the state in alitalia -- stake will be sold. exxon has slowed dividend growth the last two years in the midst of the worst oil price slump in a generation. exxon will announce a four cent increase tomorrow. david: eli lilly announced first-quarter earnings over an hour ago and reported revenue a bit better than expected. the midpoint of th

chandra first with questions for the chairman. sean: thanks for joining us.are coming out of health care debate in the house that didn't end well for republicans. we heard a lot of numbers of of your party expects confidence about the political situation. is the house and play early on in the trump administration? rep. lujan: the republican repeal bill was referencing as trumpcare that was pulled last week was it victory for the american people. it's all people that have been gathering across america responsible for having that bill being pulled. because of its dutch rental impact for people to 24 billion people maybe front of their health insurance according to the congressional budget office. increased premiums and increased deductibles, slapping people 50 years old or older with an age tax. there is a reason the -- why so many republicans that voted in committee suggested that they may be a no on the floor. taking that argument and debate to the american people is my responsibility. it is something we have been leaning into to make sure the constituents ac

kicking things off, i'm going to head to london and emma chandra. for ofve a bit of a two a chart.oth contained overnightbars show europe. it is spiking ahead of sunday's vote. the market is pricing in multiple out comes. candidates,p four they are fairly close in the polls. they are within five percentage points of each other. i want to draw your attention to the multicolored lines. these are momentum trackers for the top four contenders. this is the standing of each candidate. they show how online communities are discussing them. it also takes into account the mentions of the main actors and the events with them. le pen is first in this. the leader in the conventional pulses third. maybe should we be paying attention to what is said on facebook. mark: volatility is highest since the referendum last year. what a wonderful chart here in kevin, beat that. something very similar. i am looking at it from an equity markets perspective. you've got the cap 40. that is the representation of the french equity market. we have the stoxx 600 and blue. over the last year or so, french stocks a

kicking things off, emma chandra. emma: you can see my chart is on the bloomberg.gesident xi with president trump in mar-a-lago in florida today, i thought we would take a look at that relationship between the u.s. and china. donald trump is that a lot of things about that relationship, but one of the things he has it is that he is called china the grand champion of currency manipulation. i wanted to see if that was true. in the u.s., the treasury has three criteria for determining manipulation. bilateral trade service of $20 billion, another one that is within 3%, and consistent one-sided fx intervention. and what this chart will show, china only fulfills one of those criteria. if you look at -- that is on the trade side of things. $250 billionover in 2016. if you look at the current account surplus, that is much -- china's is below 3% of gdp a much less than other asian economies. perhaps donald trump will have to think of other things to discuss with president xi when he speaks of them this afternoon. vonnie: i also picked the china theme. there is a little happ

i am emma chandra. this is bloomberg. vonnie: live from new york, i am vonnie quinn.k: this is bloomberg markets. time for the bloomberg business flash. a look at the biggest stories in the news now. twitter appears to be solving one of the biggest problems -- attracting new users. of company showed signs in the first quarter reporting monthly active users group 6% in the last year. revenue has not kept pace for the first time since going public -- lower quarterly revenues but still, stock is surging. price hikes, cost cuts and healthier snacks are helping pepsi co.. to chief executive is trying keep the customers who are turning away from soft drinks and junk food. the per capita of soda consumption has hit a 31 year low. first quarter profits of standard chartered rose the most executive ishief trying to simplify the lender -- it led to billions in write-downs. that is the latest bloomberg business flash. time for the bloomberg quick take or we provide context and background on issues of interest. when donald trump and are the white house as the 45th president of th

. >> reporter: chandra steel knew she needed to get to the e.r.internal bleeding. >> reporter: a new yorker, chandra tried to hail a taxi, but somebody else grabbed it first. so she called for an uber. >> i was anxious about my medical conditionover a overall. i was concerned for the driver as well and didn't want to panic him. >> reporter: they got to the hospital and everything turned out fine, but not all drivers are happy to bring sick people. one wrote about a passenger who wanted to go to the e.r. with a badly cut hand. they didn't want to get blooed in their car so they called an uber. i said, no thanks, and drove off. some doctors warn taking a rideshare to techlt r. could be a risky ride. do you have concerns about patients coming in in a rideshare? >> if a person is having a life-threatening emergency, there's no better care than from a paramedic. >> reporter: uber is not a substitute for law enforcement or medical professionals. in the event of a medical emergency, we encourage people to call 911. but a rideshare to the e.r. worked for

let's check in on first world news with emma chandra. in asia, north korea may be on the verge of conducting its sixth nuclear weapons test soon. according to a u.s. research institute that monitors the regime, north korea's nuclear test site appears "primed and ready to conduct a trial." wrote that it shows activity at the site. south korea is downplaying expectations that a nuclear test is imminent. in syria, president bashar al-assad has last week's chemical attack was "100% made up" in order to justify military strike by the u.s. afp, al-assad says he believes western powers, including the u.s., have sided with terrorists against stern authorities. he also says syria has no chemical weapons left. at the united nations secret he counsel them a set to wrap up the peacekeeping mission in haiti in mid-october after more than 20 years. that is in recognition steps haiti has taken following recent elections. military personnel will gradually lead over six months. in the u k, london's housing market is in its worst slump since the financial

i am emma chandra. state of play over the last 24 hours and how we set up and how the next two weeks will proceed? with emmanuel macron leading the first round, followed by marine le pen, the challenge for emmanuel macron is to make the next two weeks attainable and make sure people go photo in the runoff, because even though polls show emmanuel macron is likely to win in the runoff, we can also say the chances of , onee le pen to be elected number last night, 7.5 million french people voted for her. say 50% abstention rate, she only needs 4 million votes to be elected. jonathan: we appreciate your time. what will marry her draghi think on thursday as he weighs in for the ecb. be quickeron may than economist anticipated. most say mario draghi will revise forward guidance in june, six months sooner than an earlier paul. joining us is bloomberg intelligence euro-area economist. for the ecb, the prudent response would be to wait until the second round, if they clear the political hurdle, what is next? >> g

alix: emma chandra is here.over the supreme court nominee, neil gorsuch pretty democrats will try to block of vote with a filibuster and republicans said it will force them to use the nuclear option that would change senate rules. the white house is putting house in a revised obamacare replacement bill. the changes will create a new risksharing fund for the seriously ill. the committee is making last-minute plans to consider the amendment before the spring break. it is unclear when the overall bill would go to the house floor. a asia, south korea tested ballistic missile. a news agency said it has a range of 500 miles. it is capable of reaching anywhere in north korea. the military is not commenting, it could raise tensions with china. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am . david? david: jobs friday. all-star lineup including the bill gross and rick rieder all right here on bloomberg. ♪ emma: this is the hewlett-packard enterprise greenro

i am emma chandra. this is bloomberg.rading the south african investment grade rating for the first time in years. -- hanging by a thread. that is what the investment grade rating is. what is the response from the government so far? minister saidance that s&p communicated their thursdayto downgrade and he only found out about that on friday, a few hours after he financeinted on minister. he also says his department will continue to engage with rating agencies. however, it is critical to note that s&p has cut the rating but kept the local currency rating at the investment rate which is significant because south african has it nominated in rand terms. so it is not a catastrophe but it is sending a strong signal about the fiscal validation to reduce the deficit. and also to political leaders to eradicate some of the political turmoil that we have seen. this ideai love that that this was made after the political association was made. president?t for the if the pressure building for him to make a move? pressure is certainly bu

not like chandra levy, or natalee holloway, or even the more recent case of elizabeth thomas, the tennesseeyear- old who was kidnapped by her teacher, and found. >> this is not an epidemic that just popped up. this is something that's been going on for quite some time. there's a term that's often used, which is, "the missing white women syndrome." where, if you're not with blonde hair and blue eyes, your story is just not sensational enough. >> reporter: peter lowery, vice president at the national center for missing and exploited children, says even the terminology we use about missing kids needs to change. his organization no longer uses the term "runaway." >> because the moment we put on our poster that this is a runaway child, we deal with a desensitized public, a desensitized media. >> reporter: because people just think "oh, they ran away, it's their fault." >> "they're a behavior problem," and that's not the case. >> reporter: when she was a kid in chicago, tina frundt left home after a typical teenage fight. >> on my 14th birthday, i got mad at my parents because i couldn't stay out

cayla chandra... at the cheescake factory and noi thai cuisine in waikiki was waiting on visitors from austrailia. during the dinner cayla says she had great conversation and told the couple she had been working two jobs to pay off her student loans after their meal she was shocked to see they left her a 400 dollar tip.. now for the even more amazing part... the couple came back to the restaurant the next day and offered cayla ten thousand dollars to help pay for her college tuition. final look at the weather with chief meteorologist brittney shipp. a full hour of entertainment news is on the way.at 7:00 it's the insider, followed by entertainment tonight at 7-30. then we're back with kron 4 news at 8:00 >>> "the insider," tracking the biggest stories making news today. number one, is bill o'reilly's sexual harassment forcing his exit from fox news? >> i don't say anything to anybody about that. >> as late night tries to guess his vacation destination. >> to hell, maybe? is it hell? >>> then, are kati

i'm emma chandra. this is bloomberg.the wait for growth at deutsche bank continues with --ding revenue trading shares touched their lowest level in a month after an underwhelming quarter reignited about the ability to recover lost ground. we always said we give ourselves a window up 34 months to execute. we also said we need to make sure that we've covered all ativities to put in place proper leader structure. that will take us another two quarters. i would expect we would be ready to go. when we go, that will be decided based on market conditions and the performance we are currently seeing in the business. ahead of the ecb decision, looking at their performance compared to their peers come underwhelming is an understatement. matt: absolutely. if you look at just fixed income the u.s.alone, peers had 24%. deutsche bank had 11%. if you look at equities trading, u.s. peers had a little more than flat. deutsche bank had 10% shrinkage. they really underperformed their u.s. peers. they have raised a billion euros in capital o

right now to london, here's emma chandra. >> in france, presidential candidates are sounding tough ona gunman on thea police officer champs-Élysees. far right candidate marine le pen ask for border controls to be restored and for islamic radicals to be expelled or detained. islamic state has claimed responsibility. elise kilby attacker as he was trying to escape. two other officers of the bystanders were wounded. a bizarre story involving an attack. to profit fromd a slump in share price. the suspect put 15,000 put options at one player was wounded in the attack. iran, the former hard-line president has been disqualified from running. the supreme leader had urged him not to run to avoid polarizing the country. seen asualification is a boost for the current president. he is expected to win the moderate vote. in washington, president trump today will order a review of any significant tax regulations imposed last year. the white house says the president wants to reduce the regulatory tax burden that exceed statutory authority. under president obama, the government tried to rein in u.s. t

i'm emma chandra. bloomberg out. emma: take david: take a look at the bond arket. alix: u.k.at 1%. still with us is andrew garthwaite. andrew, what bond market is most overvalued right now? >> i -- well, i think there's no doubt about it. in my mind, it is the german market. i find it vaguely ridiculous to points on to 20 basis the yield when we could have uropean growth this year being 2%. it wouldn't surprise me if it's even stronger and the core inflation which dipped to .7% in europe could end the year around 1.1%, 1.2%. historically, the e.c.b. do tighten policy when new orders are at 56. they're above that level. so i think there's quite a high probability that political accidents aside, that we do see a preannouncement tapering in september and as people focus on that, then towards the end of the year, the german yield could ise sharply. jonathan: bart simpson saying must never short budden. must never short buddens. why can the market not become marquette the widow than it has for the last decades? >> last july, you would have made a lot of money. basically, the only

i am emma chandra.-packard enterprise greenroom. .n the next hour, jerod cassidy this is bloomberg. jon: from new york city to our viewers worldwide, i am jonathan ferro. this is bloomberg daybreak. we are 45 minutes away from the open in new york. we are on a two-day slide on the s&p 500 with potentially two weeks of losses. futures is a little bit softer, down 2/10 on the s&p. off by 10 on the dow. on the day, on the session, crude at 53.22. a rebound up for brent as well, trading at $56 a barrel despite the geopolitical risks we had seen and that oil keeps slowing and building in the first quarter. emmanuelington is dr. ibe kachikwu, nigeria's minister of state for petroleum resources and chairman for exxon mobil africa. it is great to see you. you have geopolitical risks and you have stock draws in march for oac be inventories. give me a percentage of likelihoods that opec will extend the cuts in may. >> we will watch those very jealously. we will see how well it was done. and see what resources we

but dissolve chandra of the psychological experiment and then if they carry designer making money it is reality television then did is legal. so we started in the building at yale but they thought that there must be something like that in germany and he wanted to test it he tested it on yale students and he set up an experiment in which he told people that they should apply electric shock to another person on the other side of the window is actually a confederate who was in on it but what he learned when he would something that made him look like a scientist in kept telling them to turn up the level of electricity he learned in that situation and artificially constructed situation with the authority figure they would not only shocked to the point they were screaming in pain of heart failure most people would keep shocking and told the other person appeared to die. at the command of the authority figure and his conclusion was i realized in the and we have to go to germany. that problem is universal look around for the authority figures and then we have to as social creatures some invo