will not strike a deal before a 90 day truce comes to an end march 1. ,oining us now is geoffrey yu cio, ubs private banking and simon derrick, director / chief currency strategist, bank of new york mellon corp. we can see sensitivity in the equity markets. are they waking up to the reality of anything concrete coming through march 1? it aney: let's call adjustment of expectations. they do want at, deal, and there is enough flexibility around the march 1 deadline to kick the can down the road. this is not everything falling off the table. i think it is a healthy dose of reality. nejra: is that all markets need to see, that extra tariffs are not imposed? geoffrey: i think a combination of both. cease-fire isnt the best way of calling that. at the least, no escalation will do for now. both sides are on track for that. nejra: equity selling off, yields moving lower. however, dollar-yen, what is going on there? i think it is the swamp of liquidity to foreign-exchange markets. euro-dollar has not moved in four months. it is not a race to the bottom that people expect with regard to monetary

steve liesman, cnbc, business news >>> let's get back to our chat with francois, cio of prime partners now, we just heard there a reminder of the heavy criticism that jerome powell faced throughout 2018 from president trump and, of course, now we've seen markets react quite well to the change in tone from the fed that we've really heard since december, but if you look at the data in particular friday's jobs report, it remains quite solid, so how long can the patient ethos of the fed last? >> i think at least for the first half of the year i don't think you that you can change course the way mr. powell did between december and january and move back to a restrictive course very shortly. i think that he is very wise in what he did in terms of really defining monetary saying, okay, we need to be data-dependent i think he was completely right in the way he acted in january. the data has been holding up relatively well. what didn't hold up were financial stock markets in december perhaps the real message that the fed are send sg less that they're data-dependent and that they're stock market

this happened at around 11:00 last night on henry road midway between two vineyards, j&d and cios du val carneros. "today in the bay's" pete suratos has been at the scene since about 5:00 this morning. is the road, looks like it's still closed? >> reporter: that's right, the road is still closed here, henry road that is in napa where the deadly officer-involved shooting took place. you see the chp squad car blocking off the road, as that investigation continues into this deadly officer-involved shooting in wine country, as you guys mentioned. according to the napa county sheriff's office, the shooting took place before 11:00 p.m. on the 1100 block of henry road in napa. the deputy was patrolling the area where they contacted a male driver in a parked car so this wasn't a traffic stop or anything like that, when the shooting took place. they say six minutes later, the deputy reported shots fired. what is unclear at this point in the investigation is if any of those shots were actually fired at the napa county sheriff's deputy. the male suspect was pronounced dead on the scene. they ar

the international cio of j.p. morgan asset management joins us.uestion the market is grappling with, is the fed done? he talks about being data dependent. you listen to powell any think, is the fed done? he is talking about the probability of the recession being some way off, will we see more flip-flops from the fed as the data comes in and we get more volatility? is that what we are seeing here? how would you read this. iain: i wouldn't necessarily call it a flip-flop, they have been on a hiking cycle and the have come back onto a neutral stance. they want to look at the data. as he said, it will occur with lags, and then they will see they will continue the cycle. my guess is we could get a couple more hikes later this year or next year. guy: aren't yields to be pushing lower? are they overpriced. iain: depends where you look in the world. guy: ok, bond and treasury -- bu and treasury marketsnd. iain: i would say yes. the pessimism around europe is pretty elevated at the moment. the u.s. market is saying, if the fed will be patient, maybe they g

the man that gave the keynote joins us greg davis, cio of vanguard.e worry some news but you have a message on global growth, it is not as strong as people think give us your outlook >> in the u.s. we expect growth to be 2% we are expecting growth of a percent in europe, expecting china to slow to 6%. there's a possibility that you get a quarter with a five handle on it. >> this worries me this is lower forecast than six months ago the eu had this, bank of england had depressing commentary last week seems like the united states is one of the only real engines of global growth. >> the stock market had a good run after the close to bear market fourth quarter of 2018. if we look forward the next ten years, our expectations on u.s. equity markets is 5% annualized return the next decade. >> that's lower. >> the next ten years, 5% annualized five years ago would have been 8% >> i am worried about the market now. you have zero percent earnings growth crowd, recession crowd, saying negative growth two quarters if you're at zero percent growth, the market is l

. >> that was ted brown of afl- cio. >> some years ago when i began working in youngstown, local 1011 jobs denied the rights of negro to work on. we organized a civil rights committee in our local. and through that way, we convinced the white brothers that negros were qualified to work on these jobs. and, through that way, today, negros are working side-by-side with their white brothers. >> mr. hopson came with the negro and whites delegation of steelwork. >> this is their inspiring, knowing that you are a part of it, and knowing that you are doing and not only for yourself, but for all around you, and for your children, and those coming after you. i think it is one of the most important steps in history. >> they prayed and the walls came coming down. so we are going to pay today that racial segregation is going to tumble down all over. >> cochairman a. philip randolph . >> we have come to the rise the third anniversary of the historic united states for supreme court decision, of the desegregation of public schools, of the emancipation proclamation, of the mind and the human spirit. w

i will say with absolute confidence there is not a cio in america that is not qualified, that in a state is going to be protected against this. >washington has already allocatd $80 million daniel: for cyber security threats. how are you using that money, and is that enough? is amongn: again, that the respective states and how they use it. in fact, that would barely pay for one website in kentucky. do we need to upgrade? we do. when he to do more and more electronic voting, which is what we have in kentucky. we do not have ballots. they are written on paper, but they are scanned electronically, and it is that electronic upgrade that needs to take place. daniel: one poll found your approval underwater. you announced you are running for reelection, with state senator ralph alvarado. how is this change point to help you? gov. bevin: let me address the first part of this. this is for those of you who do not follow kentucky politics. there has never been a poll ever taken since i have been a candidate for governor ever done by anyone, including people who want to be supportive, that has ever f

otrnes.o >> dellado d e la balanzalado dz la organización el la organización el derecho d e president ae ció recursos recursos federales federales dÁ separar deberÁn sesurar suss acciones, accino s financieramente, sinque de manera fÍsica .que de manera fÍsica . >> establecido >> est elecido n 1970en el programa 1970 el programa título 10 d a títuopci de opciones de control control d e denatali modificacionestalidad, las afectaríacionesn afeca 4 millones a, entr 4e ellos millo un milló n de hispanos, de hispanos, el programa el n programa o nopregunta el estatu migratorios pregunta el estatus migr.orios . d trum donald trumpp atac ataca derechos reproductivos .todos l >> reproductivos . >> por eso lospor eso los acti quace saldrá dicen n que saldrána ala s calleslas washington, javier vega, noticias telemundo .javier vega noticias telemundo . >> franca, >> franca, sin sin escatimar ni soloescatimar ningún solo objetivo, así sobe pronunc a dela decana de periodistas dei mexicanos, mexicano frente frentea ael a mundiale s mundiades de l a iglesilaa qu ie escucharon cosas como estas escucharon

mark, global cio at ubs wealth management.xt, we will bring you the latest from paris as socgen is weighing thousands of job cuts at the investment bank. we will bring you the story and talk more about risk and markets, this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. francine: -- nejra: economics, finance, politics. this is "bloomberg surveillance." viviana: today, president trump is set to meet with china's top trade negotiator. the u.s. is trying to forge a preliminary deal before tariffs are set to more than double much first. would cap the latest round of trad

. >> that was ted brown of the afl-cio. >> some years ago, when i began working in youngstown, local denied the rights of negros to work on. we organized a civil rights committee in our local. through their weight, we convinced the white brothers that negroes were qualified to work on these jobs. through their weight, today negroes are working side by side with their white brothers. >> mr. hobson came with a negro and white delegation of steel workers. >> this is very, very inspiring. knowing that you are a part of this, and knowing that you are doing it not only for yourself but for all around you and for your children and those who are coming after you. i think it is one of the most important steps in history. >> the children of islam marched around the walls of jericho seven times, and they prayed, and the walls came tumbling down. so we are going to pray today, and racial segregation is going to tumble down all over. >> co-chairman a. phillip randolph, president, sleeping brotherhood of sleeping car porters. mr. randolph: we have come to memorialize the historic supreme court of

si asÍ algÚn tipo de referencia alguna invasiÓn militar, como se habÍa hablado en muchas oca no dio cios, javier, ustedes crean una nube de palabras para destacar las mÁs usadas por el presidente durante el discurso. cuÉntanos un poquito . javier: sÍ, allí tienen el grÁfico. pusimos todas las palabras del discurso de anoche. entran en el grÁfico este y mientras mayor la palabra, mayor se usa, mÁs la usÓ en el discurso. como ven, las palabras aquÍ destacadas se ve amÉrica, american, americans, pero al mismo tiempo usa mucho de la polÍtica de migraciÓn, puedes ver tambiÉn la palabra frontera, muro, ilegal. teta un buen vistazo del discurso de Él viendo este grÁfico de la marea rápida. borja: javier, si te parece, vamos a pasar a seÑalar las palabras claves del discurso en comparaciÓn con el aÑo pasado y allÍ estamos viendo la diferencia entre el sotu del aÑo pasado y este. javier: es bien interesante, compra entre mujeres, mujeres la usÓ 12, mujer o mujeres, la usÓ 12 veces en el discurso anoche, mitra sÓlo una vez la pronunciÓ el aÑo pasado. tambiÉn, la palabra ilegal, 10 veces en el disc

this happened at around 11:00 last night on henry road midway between two vineyards, j&d and cios du val carneros. "today in the bay's" pete suratos is live at the scene. what have you been able to learn? >> reporter: good morning to you, marcus. we're here in napa off of henry road, where the officer-involved shooting took place. we're hearing it was an armed suspect shot by a sheriff's deputy. behind me here, not a busy scene but the road is closed as you have got chp holding down this road as that investigation continues. here is information according to the napa county sheriff's office, the shooting took place roughly before 11:00 p.m. on the 1100 block of henry road here in napa. they say the deputy was patrolling the area, when they contacted a male driver in a parked car. they tell us that six minutes later, the deputy reported shots fired. it's unclear if any of the shots were fired at the deputy and the male suspect was pronounced dead on the scene. no other suspects at this time and the sheriff's deputy has not been identified. we're showing chp blocking off henry road as t

caroline: an exclusive interview with the cio of universa investments.e extorting measures to this extorting measures -- extraordinary measures for pemex. they were downgraded to one notch above junk. country's money supply -- that could be a sign that the government has boosted spending to protest sanctions. surprising testimony today in a london courtroom. a former trader says coworkers at barclays would yell and collectively discuss their desire to move the bank's position for their own benefit. wine lovers will have something to say cheers about this year. lower prices. spain andnes from italy will cost less. wines from argentina gotten cheaper because of the valuation of its currency. scarlet: cheaper wine is always appreciated around here. we have indexes stabilizing. thes&p held back from losses we are seeing in financial stocks. caroline: currently seeing the etf that tracks bonds up about .4%. once again, we are seeing a more look serious maker defining -- luxurious maker defining consensus on china. ♪ this isn't just any moving day. this is mov

it happened about 11:00 last night on henry road midway between two vineyards, j&d and cios du val carneros. a deputy approached a vehicle and shots were fired. the male driver died at the scene. other people were in the car and so far, investigators are not certain the suspect ever fired at the deputy. our pete suratos is in napa gathering information and will join us for a live report in our 5:00 hour. >>> highway 37 is still closed because of the storm, from atherton avenue to highway 101 in novato. cal trans is working on this but don't expect the highway to open soon. crews say the scenario there, the middle of the week. marin county remains under a local state of emergency because of all the damage from the storm. >>> police are looking for a driver who sent a you gl flyi into the air, but a warning before you see this, i want to tell you, the girl is okay, it happened on campoy streetnd louaturda night. in the upper left corner of your screen a black about, mw comes around the corner as several children run across the street. 7-year-old hazel conzet hit by a car and gets up and runs

talk to russia but obviously germany is much more involved with russia than united states despite the cio in the rhetoric having shared projects like the north stream two gas pipeline is only helping diplomacy pipeline is scheduled to be completed by the end of the ear but with all the resistance to it anglo american have enough political clout left to see it through. as long as germany and france are sticking to give a i don't see any danger for his pipeline trumper is looking for some invested interests in this field what i mean they want the money out of less for produce a low pre-bought to. is first is some invested interests perhaps a list for polish lobby this is existing to. expose a village. to raise v explosive and injury from view as for europe but it's all very four years of us can for an effort but it's still very interesting to see how there are many will be reacting and how will you know it will be it will be actually responding to what trump right now does in light of the nordstrom to i mean he has called germany russia captive due to its dependence on russian k.s. and call

alix: coming up, the centerstone investors founder and cio will be joining us.mberg. ♪ alix: the art of the deal. president trump walks out of talks with kim jong-un in hanoi. d.c., robert lighthizer says it's about how to enforce the commitments. ,cpenney beat on earnings hoping for a turnaround. u.s. growth stumbles or face plants. first growth limping along. david: welcome to "bloomberg daybreak." it was remarkable when i got up this morning to hear president trump being pretty cheerful about it. i could have done a deal. it wasn't good enough. alix: which could leave him in a pretty good position. yesterday, when it was all handshakes and hugs, it seemed like it might be a bit different this time. david: it's much worse making a bad deal. it's the deals that you don't make that often define your career. alix: a different story when it comes to china monday morning. david: that will affect the stock market a lot more. alix: friday, it was trump-lighthizer. a tiny bit of risk off, off the lows of the session, jcpenney up 21%. euro-dollar around the highs of th

are no longer functional when giving the speech cardless for cio was confronted in washington by two antiwar activists. i want to say these people are frauds they don't represent them as well in people they are representing the u.s. orchestrated who this is a very dangerous situation they want to create a crisis at the border that would be a justification for u.s. intervention and the woman in that video was medea benjamin from the code pink movement and she shared with us that the opposition plays along with the u.s. to stir up conflict at the border i. think it's a dangerous game that the opposition is playing they really are trying to create a confrontation if it was about humanitarian aid they could use the u.n. agencies and certainly there are lots of other ways to get humanitarian aid into venezuela they are doing this purposely on the borders because they want to see a confrontation they want the. government to respond with violence so they can show the whole world and use that as a pretext to start the next phase of this which would be a military one so i think it really is t

we'll also talk to the heads of and then cio helping children with hiv and in the. for almost a week these children have been staying home and not going to school very upset about it and really want to play with other kids again big keep asking me when they'll be allowed to go back i think children should be treated equally they should all have the right to go to school. children have faced so many obstacles since entering school after kindergarten it's become the norm but we will stay strong i think there is no need to hide the location of the next school for these children if we are open it will be easier to explain to the public that their disease is in their body and will not easily spread to others. a russian film dealing with the life of a nobel prize winning soviet scientist has cost control to see one of the most ambitious cinematic projects in europe in film history that was filmed over a period of two years and was released in paris in january daoism the massive project which explores thirty years of soviet history from nine hundred thirty eight to nine hu

. >> because 17-year-old me thought that was a smart cio of course it was. in the day they could pop off. that was cool, too. >> i know you guys have already fallen in love with carmen here. but wait, there's more. >> speaking of the wind. that's the closest thing you'll get to air conditioning. but you will get to roll down the windows because you love the challenge. >> oh. >> nothing a little crazy glue can't fix. >> exactly. >> before you dig into your wallet, let's find out what makes this vehicle tick. >> under the hood you'll find a 2.2 liter ecotech engine paired with a five-speed manual transmission. >> zero to 60 in -- eventually. i know you're all wanting to get itur hands on this thi ebody the ad worked. >>> it's time to give away another ipad mini. to enter you need the buzzword, be at least 18 years old and a legal resident of the u.s. >> head over to rightthisminute.com and hit win ipad, enter the buzzword. you can enter using facebook and twitter. you can enter using each every day. friday's buzzword is intellect. >> get over to rightthisminut

administrators of san francisco, and we are part of the federal association of school administrators afl/cio local three. i was born and raised in san francisco. went to all the schools in the mission, went to public colleges, and became a teacher in our district. but first, i was an active parent, outspoken, and they pulled me up to be a special ed paraprofessional, and i was so strong because i had grownup in the mission, i could handle it. i became a substitute teacher. then, i became a middle schoolteacher, and then for 13 years, i had the honor to serve our teachers as supervisor of pathways for paraprofessionals and teachers, and now i'm serving our administrators as part of the union. i'm here tonight to ask you to please renew contracts. notice some of them are for one years, some of them are for three years. we don't get tenured. you have the opportunity to see us over and over, so -- but i'm here for one special person that i have spent many years working with, and that's patricia deietrich. she's currently working in special education. i had the honor of going to graduate school w

more on this i want to bring in the cio a family management corporation. let's start with a credit.ump funds doing well, leverage loans lagging. on or what are we seeing a credit markets? >> there is a portion of it that is risk on. you government environment in december when there was near record low issuance of high-yield bonds to january where risk on has exploded. it has nothing to do with fundamentals. it has been the rhetoric of the fed pivoting and of the market. in terms of underlying fundamentals, earnings are good. coverage ratios are strong. defaults on leverage loans are under 1.5%. >> talk about the default rates and coverage ratios and the ability of these companies to cover the massive debt load that i have. >> that is a great point and something that is asked frequently. if you look at the leverage loans market, it is transformed itself over the last decade. in earlier days, it was more syndicated think that there was more coverlets and esoteric and over the years, as it has grown in popularity, it has become more like the high-yield market and that covenants are not

the end cio which tracks detentions says the majority are accused of instigating hatred and in many cases of terrorism using false evidence. this is as opposition leaders prepare to test the loyalty of those who it's believed will ultimately determine the outcome of this power struggle to see in you an al-jazeera that acts. on a block of mainly latin american nations is also pushing for majority to step down the lima group which bus encounters monday has called on venezuela's military to abandon the door on their reports from also. after more than six hours behind closed door meetings a group of countries that support one weibo said they do not support military intervention to rid the country of nicolas maduro but they are calling for a military intervention by venezuela. we are strongly urging the national armed forces of venezuela to recognize that commander in chief one's wedo the acting president of venezuela is of us here. to promo duel protesters interrupted the closing huss conference shouting hands off and it's well a and no to a coup to which the canadian foreign minister respond

he is the cio at state global investors. great to have you here. we hope you are coping with the hot weather in sydney. the low hanging fruit has been picked. ais is a goodwill gesture couple days after the trade negotiations. in the longer term, this is the great strategic competitive relationship of our time. toit has moved on from trade other issues, to military, strategic come petition and containment. in the trade area, as investors we feel nervous, but it is an area we understand well. if you look at the pattern that this administration has set, it seems likely you will get to a better point on trade. where that leaves other issues is an open question. we have covered -- after the horrible 2018, we talk about the fact that em's and asia stocks fell the pain that spread to these developed markets toward the end of the year. jpmorgan saying this could be the market bounce. is trade still tantamount? are we more likely to get the positive effect of a dovish fed, a weaker dollar? >> i don't think the put would solve this problem. this is a fundam

coming up later today on balance of power, the fl cio president -- the afl-cio president.berg daybreak. at ones are on the way of the largest videogame makers. activision blizzard plans to announce the cuts next week. they could number in the hundreds. activation big knowledge to key games were seeing flat or declining users. germany, a market manipulation into reports about wirecard. they say they are not investigating the managers of the internet payment and processing services company. the financial times reporting senior wirecard executives knew of accounting fraud. the company denying the accusations. uber is laying out a plan for long-term self disruption. it prepares for an ipo. it makes the case it is more than a ride-hailing at. -- a ride-hailing app. it is betting big on scooters. those services are already replacing ridesharing in some spots. alix: time for a deep dive. the sg. are looking at linda -- at esg. is still with us as well as sylvia jablonski. i would love if you can have a conversation. linda, walk us through your principle of how you deal with efg a

i live in warner, new hampshire and i'm recently retired from the staff of the national afl-cio which is the federation of unions. and since my retirement, i have been working with the campaign for a family-friendly economy to help pass family and medical leave in new hampshire and i'm passionate about this issue both because i have had family medical leave and also not had it. when my sorn was born, i did not have it, 26 years ago. i had the good fortune to have a union contract and that provided for paid family medical leave and was able to be with my mother when she died which was an incredible gift. and it would have been more than stressful to have to try and balance work and taking care of we faced ike that really difficult and impossible choices when we get into these situations and we are glad that new hampshire and many other states in the country are working to find solutions. so according to the federal at $400 ank, 40% of us expense. this is in part because wages are not keeping up for a lot of working families and they are living paycheck to paycheck. but to think about t

we have influence if you are a big shareholder, and bill is still in co-cio.end time on other things. i this my money outside of carlisle -- carlyle. i'm the chairman of the smithsonian, chairman of the library of congress port, and chairman of the council of foreign relations. i generally have a tv show you may know on a very good network. maybe the best network. jason: i think it is the best network, absolutely. what have you learned in this new role? it's not that different from what you were doing before, but as an investor, how are you going about that? david: i'm doing some of the things i did 20 years ago, i'm spending more time on investments and more time directly with the younger professionals and i enjoy it. one of my daughters works in a family office. we have a good team of people. i'm reliving my youth. jason: what has been the biggest surprise investing your own money all over again? you boys been doing it to some extent, but this is really yours and your family's money. david: my surprise is that there are a lot of people out there that don't t

i live in warner, new hampshire and recently retired from the staff of the national afl-cio which is a federation of unions. since my retirement, i have been working with the campaign for a family-friendly economy to help pass family and medical leave in new hampshire and i am passionate about this issue both because i have had family medical leave but i've also not had it. when my son was born i did not have it. it was 26 years ago but more recently, i'm fortunate to have a union contract and paid medical leave, i was able to be with my mother when she died. and credible gift. and it would be more than stressful to have to balance work and taking care of a parent like that. i'm really excited sherrod brown is joining us tonight. is a leader on issues of importance to working families. he spent his time in the us senate, i'm so happy he could be here. the format for this evening's we hear from a panel which you can see appear, who see the critical need for family medical leave and senator sherrod brown will speak a bit more and we have time at the end for questions from folks here. i

tesla cio, elon musk, says he hasn't violated any agreement either. liz: voting has just opened up. it's under way. a big push to block president trump's push to get border security. we'll show you who voted to block him and who is voting with president trump. stay right there. i switched to liberty mutual because they let me customize my insurance, and as a fitness junkie, i customize everything. like my bike and my calves. liberty mutual customizes your car insurance so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ our grandparents checked zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today. i saw my leg did not look right. i landed. i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another. my doctor and i chose xarelto®. xarelto®. to help ke

the cio of light street capital. amazon second biggest equity holding for you guys given the recent publicity around jeff bezos, is that a headline >> i don't think so. he's proven himself to be a great steward of capital i think they behave in a responsible way. the changes that may be occurring will impact the core business the most important we're focused on is the advertising revenue. >> you haven't altered at all? >> not at all. we're incredibly excited about amazon >> when we spoke back in october, you told me you put money spoo amazon, i want the ply a clip of sean parker talking about some of the privacy issues surrounding those two companies. >> worry about companies like amazon because they are doing -- facebook is something you use actively instagram is something you use actively you're choosing to post content. amazon, alexa is listening to everything you say if you're having a conversation in front of an alexa enabled device, amazon is not guaranteeing you any privacy >> what do you say to that >> there'

we're open for business and we are talking with today's closer tim chubb, cio of gerard.that would make george washington and abraham lincoln proud. what stocks are you liking? good to see you, tim. >> thanks for having me, lauren. talked about facebook earlier in the show. i realize we're having a very frustrating feared poor a lot of facebook investors. we'll see a lot of drama surrounding not just their growth trajectory as they mature as a business monetizing the platforms, more importantly, issues surrounding regulation here in the u.s. and abroad. i think facebook is learning that they really struggled over the last couple years to manage their explosive growth trajectory. what we've also learned from all this in the last six months or so, advertisers and users just don't seem to care. lauren: i am glad you prefaced it. uk called facebook a digital gangster. you like equine nix and constellation brands. why is that? >> constellation brand is one of the largest beer distributors in the united states and globe. they have variety of craft distiller is and wineries and

jason: afl-cio president, richard trumka. now a look at stocks with emma chandra.is happening in the markets? emma: red across the screen, all major averages falling again today. this is for the third day. the s&p 500 going toward its worst weeks in september -- week since september. global stocks heading for their worst week this year. i seems that the economic growth concernst, concerns about the trade war, are really weighing on investors. and the post-christmas rally is something of a memory now for investors. take it with a what is moving. we have a number of companies moving, like expedia rising 2.3%. strong earnings, better than expected forecast. and we have some price target increases. and goodyear is a different story, down 8%. cautious on 2019 and their shares sank to the lowest since 2013. electronic arts rising 13%, its biggest gain since 2017. and investors cheering the response to legend, a really good competitor to fortnight -- fortnite. and amazon over the day or the session so far, relatively choppy as we have had headlines come out about the ceo

i will bring in the chief strategist for bmy, heather zumarriaga, jack ablin, cio of crescent wealthdvisors. jack, let me start with you, i'm loving the market for a lot of reasons in part because i say every day that the pros are not in i but little value names are leading the way? >> that's it. the rally is broadening, more and more companies are participating. they are value companies, essentially left for dead the last two years as everyone clamored for "fang" stocks. the fact that the largest companies in the s&p do draw a lot of their revenue from overseas, given we have overseas uncertainties, investors are now focusing really closer to home where the small cap stocks and smaller names have the dominance. charles: alicia, is that one of the things making this, one of the dynamics here? >> if you look at market action since the beginning of the year, strengthening, stronger tone to the entire market, which gives you optimism about going forward if we get a trade deal whether or not stocks continue moving upward. very strong with it. 90% of stocks above their 50-day moving avera

i am recently retired from the staff of the afl-cio, which is the federation of unions. i have beenirement, working with the campaign for a family-friendly economy to help pass family medical leave from new hampshire, and i am really passionate about this issue, both because i have had family and medical leave, but also because i have not had it. when my son was born, i did not have it. it was 26 years ago. fortunatetly, i was to have a union contract, and that provided for paid family leave, and i was able to be with my mother when she died, which was an incredible gift, and it would have been more than stressful to have to try to balance work and taking care of a parent like that. so i am really excited that senator brown is joining us tonight. ofis a leader on issues importance to working families. he spent his time in the u.s. senate relentlessly abdicating for us, and i am so happy for him to be here. sen. brown: thank you. jan: so welcome, again. the format for this evening, first, we will hear from a panel , who sees the need for family and medical leave, and sena

he is cio at plurimi investment managers six minutes into the show, and i already screwed up it's only:06 a.m., patrick got the state of the union tonight. we got earnings season, which is passed its midway point. numbers have been good, not great, but good. >> i had to clean out my ear i thought you said you were investing in gold? gold >> gold, indeed, we think risk aversion was very high last year gold started to do well. we think the fed moving very dovishly you've seen risk assets perform very well and justifiably so we think gold will be a big bishop of that as well the powell puts there. what he has done is he has stopped the chaos in markets and pushed it forward. the fed will be hiking again, we think, if you look at the wage growth numbers, and the overall economy is not in recession the way the market has been fairing. we think the fed is later in the year, but while they're not hiking, that's very good news for gold because he is pushing inflation a little bit higher. there's going to be reflagsary pressures. if you look at all the go geopolitical issues in the world right

manus: hold those thoughts, thank you for being with us, lucy macdonald, cio of global equities at ag -- at allianz. coming up on the show, goldman sachs says the global economy may have bottomed out. jpmorgan's jamie dimon says he is readying for a downturn risk. we will discuss. this is bloomberg ♪. manus: this is bloomberg "daybreak: europe." i'm manus cranny in dubai. year the far this pound is among the best-performing g10 currencies, still with one month ago, investors are unclear what kind of exit the u.k. is heading towards, or if theresa may and secure a delay and block a no deal brexit. so how should investors play sterling? here is what we have been hearing. brexit uncertainty swirls, analysts are trying to forecast an event that many of their peers have said is untradable. a canada style deal could raise barriers to trade in europe and could see the pound dropped to 125 before settling higher by year end. another analyst says the deal could give the pound a boost to 140, but extension of article 50 would keep it supported around the current level. divorce could see sterli

with us now to dive deeper, president of permanent portfolio family of funds and the cio of greenwich wealth management. great to have you both with us i'll start it off with you do you agree it's difficult to find, even with interest rates so low >> harder. >> harder. >> yeah, we take the position there's always opportunities in the market he's obviously dealing with a different level with his market value and what he needs to be successful the bigger you are, the harder it is to find those opportunities so i get that. we're not at those levels but i think we find opportunities and i would look at areas that haven't kept up with the marketplace. >> give us one, for example. >> energy commodity space. definitely that area, freeport, for example, copper prices increasing and economic growth if it picks up and dollar weakens, operating leverage there and potential for dividend increases. absolutely an opportunity. >> mr. buffet may have been referring to his inability to find large targets i mean, those kind of targets are harder to come by at a decent price would you agree with him or

michael block, scott martin, cio kingsview asset management. phil, a whole lot of things going on.e were under pressure all morning. not a lot. european growth, that knocked oust down. stuart varney, two leaders, president of china, united states, maybe not able to get together. i'm thinking down 296 ain't that bad? >> ended up being in same scenario, do headlines matter more than fundamentals? to me fundamentals weigh out. i have got to focus on facts. facts tell me, sentiment is not bad. some cases all-time highs. sentiments still strong. look at earnings season. earnings season continues to be better than expected. look at phenomenal unemployment data. you have to factor in headlines, maybe first time in my investing career. do i care so much about china, what might happen, three, four quarters out. do. charles: phil admits it is much that the headlines are so power if you recall with these short-term moves being so dramatic that you can't really dismiss them out of hand. so we've got a lot of difficult things going on. even before today's news. it felt like the market hit resis

occurred, and what is the effort, is it going to be directed to the united states park police, the cio, who will be able to answer those things moving forward. the fire department was working with these agencies, with this rescue effort. and due to the hazards that are coming up, with it becoming dark, with the tides coming in, and the fact that this was going on over three hours, we will cease this as a rescue operation, and we have moved into a this iste why do we think to do is to move on to rescue, why not continue with this person? >> that's a question that we did pose and we have asked that a number of times. we have a number of individuals here from all of the agencies, who were very detail-oriented, with these types of rescue operations, and the likelihood that this is going to be a survivable incident is very unlikely. and due to the hazards that are imposed upon our rescue workers, we have again collaboratively and collectively ceased as a rescue operation and moving to a recovery mode. >> do you have life, to help? >> resources and equipment is not an issue in this situation

want to bring in scott martin, cio for kingsview asset management.orget the market has to go down sometime. it's a lackluster session. it's been sort of a lethargic week, if you will. the underpinnings have been fantastic, though. nevertheless, what do you get out of this market that's come a long way and now feels like it's grappling for at least some sort of catalyst? >> yeah. mama said there would be days like this, charles. here's the thing. you know what's interesting is a lot of stuff's down today. gold, bonds are down, mentioned the equities side. a lot of stuff that's not giving anybody anyplace to hide which is interesting. we haven't had a day like this in quite some time. it's interesting to me that after the fed minutes came out, i know we just had a decision last month, but when the fed minutes came out and were even more dovish than people thought, it still didn't give the real boost to the market. i think your point about a catalyst is true. it's probably a china deal but gosh, man, i got to think some of that is already in this market

global cio at state street global advisors stays with us for the hour.et's get to first word news with annabel. reporter: thank you. theresa may has again delayed a parliamentary vote on a brexit deal. it won't take place this week. she set a new deadline of march 12. that is 17 days before the u.k. is set to leave. if the prime minister can't get a deal, some in brussels now back a delay of brexit by as much as 21 months. warren buffett wants to spend berkshire hathaway's growing cash pile on a growing acquisition but not anytime soon or he calls skyhigh prices. he said in his annual letter to investors berkshire will become a significant repurchase or of its own stock. of its own stock. kim jong-un has made little secret that his key goal is to hit -- he's sanctions. eases goal is to sanctions. this set for wednesday and thursday in hanoi. mr. trump: i think it will lead to something good, maybe not. , butnot pushing for speed we are not removing the sanctions. reporter: a book about race relations in the 1960's beat out favorite "roma" but the spanish

we worked out a deal with the afl-cio and the chamber so that first american workers but there are plentyf other needs in our economy. >> bret: the green new deal. if senate majority leader brings it to the floor, how do you vote? stick with the green new deal? i see it as, i see it as aspirational. i see it as a jump start. i would vote yes but i would also if it got down to the nitty-gritty of an actual legislation as opposed to here are goals we have, that would be different. >> bret: here are the goals. full transition, all fossil fuels including drastically reducing air travel. are you for it? >> i am for a jump-start of the discussion and a framework, as senator markey described. i'm not for reducing air travel. >> bret: zero greenhouse gas emissions. >> i don't think that's going to happen in the next few years. you can imagine by new technology and that includes nuclear and everything else that we could get to a better place. >> bret: economic security for all who are unable or unwilling to work. >> i don't agree with "unwilling to work." b1 upgrade or replace every building the u

fairfax global markets ceo and cio paul dietrich.alk about your outlook, that we will see recession when, and how to invest around that? we're hearing from a lot of people that there are no signs of recession. >> i look at leading economic indicators, those indicators go down before a recession comes. as investment manager i keep the clients in the market when it is going up and get them out when it is going down. i did that during the 2001 and 2018 recessions by looking at leading economic indicators. we're still growing no question about it. we're growing and expanding but we're slowing. the growth overall is slowing i look at that, compare it before the recessions in 2001 and 2018. i think we're 14 to 18 months away from a recession. we are going to have a recession. like the day follows night. it is part of the cycle. and mid next year to the end of the year. liz: you say look for large stocks that what? describe them, we've got them on the screen, walt disney, merck, apple, intel, fit into your parameters. >> they're undervalued

cio asset management scott martin. the sort of debate here at home, what a good deal looks like.worth having gone through this process? what will justify it. in your mind, what should that look like? >> that is still kind of the question the negotiators are working out. i don't think we have clear idea articulated what victory likes look into the trade war. i do think extending the extensions is a good idea. you've seen in earnings calls, a lot of companies saying this is hurting our bottom line. it is meant to hurt china but it is hurting us at the same time. i think a good deal, if they want to buy more of our products, take it. ease off the trade war. focus on truly bad behavior, theft of intellectual property, forced transfers all of those things. do targeted actions to punish bad actors. that is more effective than a wholesale trade war where american companies are also a casualty. charles: scott, china, i think the low-hanging fruit is to print and spend more money on our goods or take it from somewhere else they might have bought it. the tougher stave is made in 2025 plan,

allen higgins, the cio will be joining me in just 30 minutes on bloomberg radio.lies. tune in to bloomberg radio to hear more from alan higgins at 9:00 u.k. time. coming up. as investors fear u.s. china tensions are hurting trade, china's top negotiators meeting trump. ♪ trading day, let's get your top headlines. weighs hundreds or thousands of job cuts. the stock rises. president trump meets china's , afterde negotiator hopes beijing could stump up $30 billion in additional agricultural purchases. plus, changing tastes. kraft heinz records a $15 billion plus write-down in some of its most iconic brands. shares sink towards a record low european food stock selloff. welcome to the bloomberg: the markets the european open. 30 minutes into the trading day, we do see gains across the individual indices. here on the continent and out of the u.k.. check out what we have got in terms of the movie screen. 350 gainers, 230 losers. on the gaining side, you see hsbc and mining and metals stocks. the hp group, glencore all doing well. on the losing side, it is about the losin

steen jakobsen, cio at saxo bank. our top stock stories with dani burger.d up a second day, headed for its biggest two-day gain since 2008 after boston band additional shorts on the company after all the price volatility. they be what we are seeing is a short squeeze. market data shows 12% of shares still being shorted. still more room to run up if a short squeeze does ensue. intertrust n, off from the highs of the day, up 6% -- .6%. the us is a corporate story with eliot taking a position in interest. 6.3% of shares, the second-biggest investor. paul singer, billionaire, this is his fund. it has been somewhat active in the dutch space. finally, firstgroup earnings coming out. this is the transportation operator. sort of a mixed bag, but the positive thing that shareholders really want to see, especially in this environment, is cash flow, which is what firstgroup had. they are selling their manchester bus depot to the rivals, helping with that picture. even though their greyhound division, as well as some of their rail saw weakness on infrastructure problem

i have the cio with me. he says we have taken risk off our developed market positions, but they still want to be long em. nejra: yesterday, we reached a high on the s&p 500. the futures were a little softer. ay we saw in the markets, the talks are ongoing. some of the steam coming out of the markets. you are seeing safety for the 10 year treasury yield, again being bid. moving seen tables higher on the possibility that theresa may might be considering an extension to the brexit deadline. and of course, jeremy corbyn backing a second referendum. now, let's check in on the markets in asia. juliette saly in singapore has more. how is it looking? juliette: as manus says, we are seeing a little bit of upside in late trade, up by around .2%. there have been some lines coming through the pboc in the past couple of hours, essentially pouring a little bit of cold water on the views that deleveraging is dead. elsewhere, you are seeing weakness across asian equity markets. coming off a very long rally we had seen, mark

and i'm recently retired from the staff of the national afl-cio which is the federation of unions. and since my retirement, i have been working with the campaign for a family friendly economy to help path family and medical fleeve new hampshire. -- leave in new hampshire. i'm really passionate about this issue, both because i have had family and medical leave, but i have also not had it. when my son was born, i did not have it. it was 26 years ago. but more recently, i had the good fortune to have a union contract and that provided for paid family medical leave and i was able to be with my mother when she died. which was an incredible gift. and it would have been more than stressful to have to try and balance work and taking care of a patient like that -- parent like that. so i am really excited that senator brown is joining us tonight. he's a leader on issues of importance to working families. he spent his time in the u.s. senate relentlessly advocating for us. and i'm so happy that he could be here. welcome again. mr. brown: thank you. >> so the format for this evening is, first