om: we get to citigroup, catherine mann joins us as she takes over the reigns at citigroup economics.'m looking forward to that. first let's get straight to first word news. taylor: the u.s. and its allies are expelling more than 100 russian diplomats in response to the poisoning of a spy in the u.k.. theresa may has hailed the coordinated global response. >> together we have sent a message that we will not tolerate russia's attempts to undermine our values. ropeans will react kim jong north korea's un made a trip to china, his first trip outside the country since he took power in 2011. the train believed to be carrying the delegation was seen o be losing beijing today. could trumps efforts get kim to give up his nuclear weapons. the i.p.o. remains on track despite skepticism. the c.e.o. told bloomberg there is so much that needs to be done but the plan is moving ahead. >> we should be as we always say -- as a company in the second half of 2018. so we are doing a lot of work -- the company for listing at the same time our committees from the government look at what we are doing to mak

like citigroup, inserting itself into the national gun debate. course, see if this leads other financing type companies to follow suit but a very big story here out of "the new york times. we'll be following it closely. kelly, back to you >> this actually sounds pretty broad. can you just say that again? this isn't just -- these are -- these include credit cards backed by citi, companies that may do business or use the capital markets and banking services >> correct >> citi is one of the biggest banks in the world >> yes, it is. the question becomes how much business does citi actually generate from the people who have services tied to perhaps the guns and ammunition industry, the firearms industry or use citigroup's capital raising services we have reached out to citigroup for a comment. and for them to clarify or give us more specifics with regard it to we'll bring you the details as we know them here. but when they do say they have now -- they want to prohibit the sale of firearms to customers under the age of 21 and who have not passed a back

any explanation for what that meeting with citigroup was about according to them? >> yeah.ly of substance unfortunately. i mean, you know, the white house referred our questions to abbe lowell, who is mr. kushner's attorney, representing him in robert mueller's investigation. and, you know, they didn't deny the substance of what we reported, but, you know, basically said that there was no "there" there. >> apollo and citigroup, who made these loans, have they made any comments? >> say it again, anderson. >> apollo and citigroup, have they made any comments about your reporting? >> i mean, you know, again, neither of these companies denied the sequence of events, and neither of them deny that the loans took place or that the meetings took place. >> jesse drucker, appreciate it. thanks very much. back now with the panel. for all the concerns about, you know, business dealings, i mean this is exactly why those concerns were in place. >> well, this is why you have an office of government ethics. this is why people are supposed to divest themselves completely and separate themse

citigroup and bank of america after buying merrill lynch. they have a better recovery.n a shorter time, their share prices have doubled, tripled, but goldman never went to the barrel so he kept it at a nice level for a long time. the company did go through something but the last year or two, it has been slowing down, stumbling. that is when you look at 12 years of leadership and say we need fresh eyes and see what we can do. shery: any indications of the timing of his departure? 2019 would be the 150th anniversary of goldman sachs. any hints? >> the journal says by the end of this year. typically when these things are announced, they happen much faster, once it is out there, people do not hang out for nine months. it may be faster than the end of the year. he will not be there to see the anniversary. vonnie: maybe it is strange, he told alix steel in november he would not go anywhere anytime soon. i guess that is his prerogative. >> i do not want to give anybody false hope but i am not planning to diane my desk, -- die at my desk, it just will not happen soon. vonnie: s

also says the bill could allow wall street banks like citigroup and j.p. morgan chase to significantly reduce their capital requirements. an expert in financial regulations at colombia law school says, the bill will produce a race to the bottom dynamic that will dramatically increase the chance of another financial crisis. and the "wall street journal" and bloomberg both editorialized that the bill includes dangerous giveaways to big banks. nobody back in massachusetts asked thor that. but buried down in the details of the bill are even more land mines for american families. the bill guts protections for families that buy traditional and mobile homes and it undermines our ability to enforce civil rights laws. and for what? so that banks that are already making record profits can tack on a little more to their bottom line? if the senate is going to spend two weeks dealing with the big banks, we should be making the rules tougher, not easier. today i introduce the ending too big to jail act, which would help make sure big bank executives are hauled out of th

. >> another loan from citigroup after a meeting with kushner and citigroup's ceo. kushner stepped down of the kushner companies when he started at the white house. the times reports he has retained a vast majority of interest in the firm. kushner's lawyer abbe lowell says he has taken no part of kushner company business since joining the white house. >>> the battle line was jared kushner and chief of staff john kelly appear to be more entrenched after the security clearance of kushner was downgraded. kushner remains exasperated by the decision openly asking others in the west wing why kelly is doing this and why are they out to get him. now kushner and ivanka are under scrutiny. >> the editorial page is suggesting they could serve the president better from the outside. mr. trump's second year could determine his fate as the mueller probe rolls on. president trump needs the discipline that mr. kelly has imposed. mr. kushner and ivanka have to decide if they serve the president better by walking way from the white house roles. >> staggering. >>> the white house expec

kushner met with citigroup. shortly thereafter, mr. kushner met in the white house a chief executive of citigroup. according to the times or at times notes, there's little precedent for a top white house official meeting with executives of companies as they contemplate sizable loans to his business. now obviously, there's important context here in terms of what's going on with jared kushner and concerns about him in the white house. this is not the first concerning report we've had in the last few days about the presidential son-in-law and senior adviser potentially mixing his government responsibilities and private business needs in potentially dubious ways. this is not even the first such concerning report in the last 24 hours. in this new breaking news story from the "new york times" tonight they note, quote, kushner recently lost his secret, excuse me, his top secret security clearance amid worries from u.s. officials that foreign governments might try to gain influence with the white house by doing business with mr. kushner. now a

morgan chase, citigroup and banks that broke the economy in 2008 where no one went to jail, where taxpayers cost of $180 billion. and talk about how washington is poised to make a mistake it has made many times before in regulating giant banks while the economy is cruising to set the stage for another financial crisis. i'm not the only one talking about problems with this bill. wall street journal, bloomberg, cvo, naacp, urban league has all talked about parts of this bill that cause problems, and would cause problems in our economy. today i want to talkk about another part of the bill keep me awake at night. that got our ability to go after mortgage discrimination by accepting 85% of pain -- makes under the loans they make under the home mortgage disclosure act. so communities of color have been discriminated against through 1968 the federal housing administration led the charge actively discriminating to give on to those in the minority communities helping white families to finance to achieve the american dream. this policy was not a secret. it was not the product of a handful of racist g

citigroup's $325 million loan came in the spring of 2017 scho shortly after kushner met in the whitee with chief executive michael corbin, according to people briefed on the meet. the two men talked about financial and trade policy and didn't discuss kushner's family business, one person says, a spokesman for kushner's attorney says kushner has met with hundreds of business people and has taken no part of any business loans or projects with or for kushner companies since joining the white house and that he's followed ethics advice. let's bring in one of the authors for that piece, reporters for the "new york times" kate kelly. good to have you on with us. apollo is a private equity firm. citigroup, $325 million loan shortly after the head of that company met in the white house with jared kushner. are there ethics regulations that apply here? >> oh, at a very minimum, willie, it's got a troublesome appearance, right? it's not exactly clear what the chain of -- we know what the chain of events is but who actually knew what? we've been told apollo loans were something josh harris, the e

kushner met in the white house with citigroup's chief executive, michael corbat."er resigned as ceo of his real estate company when he went to work at the white house but held on to most of his stake in it. both lenders told "the times" they did not discuss kushner's family business in those meetings. however, "the times" goes on to say this. "this blurring of lines is now a potential liability for mr. kushner, who recently lost his top security clearance amid worries from some united states officials foreign governments might try to gain ins influenza with the white house by doing business with mr. kushner." let's talk about this with our guests, tamara keith, white house correspondent for national public radio. and michael crowley, national security editor for politico. tamara, obviously these are allegations, this is a story running in "the times" tonight. what will get so many people angry and energized is the optics all over again. this building that is so special in the history of our nation, that sits on 18 acres in washington, d.c., people approach it with

apollo global management and one more $325 million from citigroup. this is why white house visitor logs should be public. how does jared kushner survive all of this given his clearance has been downgraded? >> kushner's clearly under fire in this white house. you know, at the end of the day, president trump surrounds himself with people he trusts. he has gone already to great lengths to keep those people even when his advisers recommend he doesn't. you know, there is always a chance he just powers through and continues. keep in mind, ethics officials have said from the beginning, ethics laws are not just about preventing impropriety, but the appearance of impropriety or the appearance someone could be bought or influenced. that is the concern of the individuals in the white house with the complicated business holdings and international connections and various things that are donated to or hotels. it is a concern if the loans were on the up and up, just seeing them causes questions. that's why ethics officials have concerns. >> to guns now. remarkable

after which he met with the ceo of citigroup in his capacity as a white house official. this report is the latest calling into question his ability to function in his position as senior adviser, but sources say he plans to stay and white house reaffirmed that, the president wants him to. now we go to pamela brown. we have seen many weeks at this white house. is there any sense among allies of president trump that this time all the tulmult, that it's different in any way? >> reporter: one thing after the other, and there is a sense in the white house that the morale plummeted, and it feels to some staffers who are used to the chaos, mind you, that things seem to be in a downward spiral, even with today's tariff announcement, jake, many staffers were left in the dark on one of the major trade decisions that caused the stock market to go down in reaction, but today the white house press secretary down played there was chaos surrounding that announcement and beyond. president trump announcing plans to impose tariffs on steel and aluminum next week, a move that could spark a

morgan chase, citigroup and the rest of them, banks that broke our economy in 2008, banks where no one went to jail, banks where the taxpayers coughed up $180 billion to bail them out. and i talked about how washington is poised to make the same mistakes it has made many times before. deregulating giant banks while the economy is cruising only to set the stage for another financial crisis. i'm not the only one who has talked about problems with this bill. "the wall street journal," bloomberg, the fdic, the congressional budget office, the naacp, the urban league have all talked about parts of this bill that cause problems and would cause problems in our economy. today i want to talk about another part of the bill that keeps me awake at night, the part that guts our ability to find and go after mortgage discrimination by exempting 85% of banks from reporting data about loans they make under a law called the home mortgage disclosure act, or hmda. there's a long and shameful history in this country of discriminating against communities of color when they try to buy homes. from 1934 to 196

and $325 million from citigroup.estors have denied discussing the loans with kushner during his time at the white house. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. find more stories on the bloomberg at top . when you have that coming through from wall street, you would expect asia to follow suit. we are having a great session here. the nikkei is looking good, up by over 2%. there is a solid move in the hang seng. wong, --that japanese japanese wong. you but the kospi tracking higher by around -- in terms of stocks in the region, steel futures in shanghai are up by 2%. they closed higher by more than 4%. also a return to these electronics makers in the session.and hong kong we are seeing tencent rise. china unicom in the hong kong session is looking good. the stock is upgraded on its internet business. i will pick it up from here. you broke those headlines that novartis is selling its stake in health care. jfk has come out and said -- gsk has said it will come

while last spring citigroup lent the firm $325 million to finance office buildings in brooklyn. said kushner companies is a clients before the election and the relationship has no connection to his white house job. while apollo said they went through their firm standard approval process. kushner's business dealings have prevented hip from getti -- prevented him from getting clearance. and i'm joined by robert murphy representing the chicago area and on the house oversight committee. congressman, i missed a very important part in the telling of the story. jared kushner didn't just get a deal with apollo. he got a deal with apollo after meeting at the white house, reportedly with this ceo of apollo and discussing a possible job at the white house with that ceo. >> right. >> and then a meeting at the white house with the ceo of the division at citibank that deals with this. that is just -- it is just -- it is very common sense if you are in business and in government, you have to separate those two. >> absolutely. that is ethics 101. you can't take on an official action for a benef

morgan by $21.4 billion and for citigroup by $8.6 billion. now, at the end of last week, the supporters of the bill introduced a new amendment that they claimed would address the problems in this bill. but that amendment did nothing to address these three glaring big bank giveaways. the stress test provision is unchanged. the litigation provision is unchanged. and the capital requirements provision is unchanged. victories for the big banks have been preserved one hundred percent. but it's not just the big bank giveaways that remain unaddressed in this amendment. over the last week we've heard a lot of criticism about this bill from experts and from civil rights groups and from consumer advocates and from former regulators and most importantly from our constituents back home. they don't like it. this banking bill undermines civil rights laws. it weakens consumer protections on mortgages. and mobile home purchases. it rolls back rules on 25 of the 40 largest banks in the country and it does almost nothing to protect consumers. let me be perfect

, a major mover down here down 2% for the week we're down significantly for the week on citigroup hereut we're back to levels in the february, middle of february a lot of these banks are 7% or 8% to the downside tech is the largest sector, 26% of the s&p no leadership at all it's drifted lower hewlett-packard, a big tech name on the floor here, down 2.4% that's down 6% or 7% so far this week that's pretty significant. here's the problem we don't have much in the way of market leadership. i'm going to show you one, though, right now. oil's rallying oil is close to $66. this is the one little bright spot for the week. we have oil numbers up for the week oil is only 6% of the s&p 500. we need a lot bigger sectors to move forward so far this month, you know what's been the leadership utility stocks, real estate investment trusts. that's nice but they're fairly small market cap to move the market you need much bigger sectors like tech and banking stocks so far, that's not happening. >> bob, thanks for that. all 11 sectors lower today all 11 sectors lower for the week let's get to the nasdaq

. >> caller: hello, jim, thank you for taking my call my stock is citigroup. your opinion of citigroup after the presidential election was positive you called it a trump stock. what is your opinion of the bank today? >> i think it is an excellent bank it sells almost at tangible book now, my travel trust trims some, because we have been trimming everything as i told club members in yesterday's call, the market is treacherous. there is too much controversy. when there is this much controversy, i trim. that's what i do it's what i have done and what i will always do ed in pennsylvania >> caller: yes, bgs is the subject matter i am a long-term investor and of course they have been dismantled practically over the last year the question is, is the company effectively executing their growth strategy? the analyst have been negative on their success to be able to associate with their acquisition integration strategy. >> well, look, they miss the quarter. there has been some insider buying i do not like the food group i am not going to change my mind b & g is part of a

why are we doing any favors for citigroup? last month citigroup announced it systematically overcharged almost two million of its customers on their credit cards? why are we giving a single ounce of help to these big banks? they're repeat offenders. not only are they repeat offenders, and we as we help these big banks in this bill, we say we want to help the community banks, these repeat offender big banks are banks that compete with our local lenders and probably will put more and more of them out of business as these bigger banks get more and more powerful. the four biggest banks held 6% of industry assets in 1984. okay, 1984, 33 years ago, 34 years ago, the four largest banks in the country held 6% of industry assets. today the four largest banks hold 51% of industry assets. so what we're doing is giving them more. what we're doing is giving them more. think about that. 30 years ago, 30-plus years ago the biggest banks held one of every $16 of banking assets. now they hold one out of every 2. think about how many community

joining us to discuss, citigroup chief political analyst tina fordham. social media, digital disruption of elections is a confluence of factors, increasing risks right now. you can tie into that data protection in this case, another issue. what are your thoughts at this stage? tina: my main reaction as a macro analyst, the problem of low trust in institutions, which is very much related to this idea, is only going to get worse with developments like this. it will be the next frontier in and inal science, opinion polling, to try to understand and quantify what the impact of these ads might be. on the one hand, facebook tells us you should buy their ads andn opinion because they are very effective, and on the other hand we hear it is impossible to say if there was any impact from these ads in the political space. but in my world, anticipating election results, it is going to be more difficult. the biggest take away i think is, will people believe that any elections are won fairly? julia: are corporates like facebook, twitter, are they held to a lower stand

a spokeswoman for citigroup tells fox news, the ceo was never involved with the tran action. this week the president's son-in-law and senior adviser lost access to intelligence after working with a temporary clearance for more than a year. "washington post" reported that officials from four countries talked about how they could manipulate jared kushner because of his complex business arrangements and debt and lack of experience. there's a lot there. jared kushner has not been charged with anything. he's having difficulties. >> it's the appearances that are troublesome to people. in every administration, there's businessmen, wealthy people of all kinds of business interests this struggle to divest himself. what is impressive in this situation is the scope of the business and kushner's involvement in it. it's plausible that in each of these instances these were completely separate business things. from an ethical stand point, you don't want that and he would be recusing himself from those things. what these stories are pulling out, these are still somewhat connected and where t

citigroup getting into gun control, the new policy for business partners to paris -- prohibits firearmsomers 21 or younger. their business clients that offer credit cards to citigroup as well as clients looking to raise capital. 2utsche bank could make about billion dollars in their asset division. according to two people familiar, they plan to sell shares at $20 each and have been running investors below that price risk missing out. about 27% ofsell uws, this is valued at about eight billion dollars. experts have reviewed video of a crash that killed a woman, the uber may be to blame for it she crossed one lane of road before being hit. the self driving sensors should have detected her despite our conditions. brought renewed scrutiny to autonomous vehicles. that is your bloomberg/update. julia: let's take a look at what is going on in the markets made we are looking at the dow. digestingen investors the administration talking about on u.s. imports. that is some confusion if would be quite a significant amount relative to the deficit. if it is not, it is the amount of products that coul

stock down nearly 5 persz in a week >> plus, citigroup taking a stand on guns. will other wall street firms atnduc suit? th a mh more when the second hour of "power" begins right after the break. hi i'm joan lunden. today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. here's what's on the menu. tariffs, the tech takedown, and rising rate. lots of forces at lay when it comes to the fewer of your money. what should investors focus on and what is next >> it was deafening silence from mark zuckerberg and sheryl sandberg following the scandal does the company have a serious management crisis on its hands what do they need to do to fix it >> coul

. $325 million he received from citigroup to finance office buildings in brooklyn. when kushner stepped down as ceo to work at the white house, he told a small portion of his stake in the country but he retained the vast majority of his interests. the times reports that joshua harris was advising the trump administrationing on policy last year the two men discussed a possible white house job for harris. citigroup's $325 million came in the spring of 2017 short lfr a kushner met in the white house with michael corbat. the two men talked about trade. kushner's spokesman said he has met with hundreds of business people and that he has taken no part of any business loans or products with or for kushner since joining the white house and he has followed the ethics advice. >>> attorney general jeff sessions is pushing back against trump's criticism. on tuesday, sessions announced that the inspector general would look into congressman devin nunes's issues but sessions' decision to trust michael harowitz was met by some skepticism yesterday morning on fox & friends. watch th

executives from both apollo and citigroup have denied discussing loans with jared kushner at the white hours a day powered by 27 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. david: it's been a wild ride in the markets over the last week in the last month. much of it this last week has to do with the trump administration's actions and statements about trade policy. we welcome richard turnill. we are putting this chart up again. explain the big dip down where we had that number on wage increases and the volatility crisis. they came back up and now the most recent dip has been on the trade event. is the trade taking care of? the pink line is the 200 day moving average and it has bounced off of that and come back. richard: we have moved into a very different market environment in 2018. the market has been concerned initially about high rates, higher inflation, and higher real rates. that drove the volatility back in february. volatility has been around trade concerns and the applications that will have for growth going forward. you look through

atphen: if you look estimates for the last quarter, it is citigroup, the one that is supposed to have the biggest increase, not goldman sachs. that also place to the types of clients that they have, they have targeted clients who are not small hedge funds and are not taking big risks and are investing more in the long run. there is still a lot of trading and volume, but not as much risk, and you are not taking as much risks trying to help them. so these things make a difference. they haven't found an whichative is this model, everybody has tried to find different things. the big guys have flow models and can do bigger and more, and goldman is still struggling and regulations aren't good for them. the environment is at the same. the risk appetite around the world is not the same, maybe it will never come back. it has been tough for the last 10 years. stephen: and the hedge fund they have focused on has struggled too. vonnie: let's recap the news we know, wall street journal says lloyd blankfein is to be done as ceo, and i could potentially happen by the end of the year and two copresid

de reclusiÓn recibió precioso mÁs de 15.000.000 $ por compaÑÍas prestamistas, como citigroup.uno va a mostrar, a dar una vuelta la casa blanca es diferente a hacer una reuniÓn privada en una cafeterÍa. carolina: excelente, siguen las renuncias en la casa blanca. la directora de comunicaciones de la casa blanca ha abandonado su cargo. se observan algunas caras notorias el dÍa de la juramentaciÓn que hoy ya no estÁn junto al presidente. javier: entre las partidas mÁs notables estÁ steve bannon, el steve estrategia del presidente trump, antonio escaramuza, el director de comunicaciones tambiÉn. esta aparecÍan deportados de la casa blanca hasta julio pasado y michael flynn, ex consejero de seguridad nacional. tambiÉn ahora la renuncia de hope hicks llega despuÉs de que estuvo casi por nueve horas ante el comitÉ de inteligencia el senado ayer. respondiÓ preguntas y a final de cuentas acabÓ diciendo que dijo algunas mentiras blancas a favor del presidente. javier: vamos a seguir con el tema del presidente. no ha pasado mucho, peroel nerviosismo existe la casa blanca. el presidente t

article about jared kushner and kushner's companies, two meetings as he apparently had one with citigroupne with apollo in the white house and subsequently kushner properties received loans, greet seemed like out sized loans relative to the type of loans that both of those institutions have provided to others and kushners in the past. greet itself the inside word here >> there is a big story in the "new york times," well worth reading in its entirety. this adds to the pressure on jared kushner, earlier we had seen his clearance down graded to regular secret clearance. that might impact his ability to do his job the white house insists he can function without access to that top secret information. but there is some reason why jared kushner has been unable get security clearance approval from the fbi and the white house. it's not clear exactly greet that is. but his dealings with foreign persons and investors in his company may have something to do with it. this is why typically white house staffers divest themselves from outside holdings and don't engage in transactions in the white house

citigroup has denied discussing loans with jared kushner at the white house., 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt: saudi aramco has defended its ipo plan saying it will be ready for a listing in the second half of this year. investors have been skeptical about when, where, and even if it will happen. speaking exclusively to saysberg's jonathan ferro, it will be a complicate a process but the rewards will be worth the wait. dividend and aof rate of return, i think that will be shared upfront with investors when we go on our roadshow. in the performance of the in terms of how much to , it is thearrel lowest. >> can you be competitive with shell? amin: we will be competing with the best, for sure. the best would be exxon as well. looking at their profile, the yield is 4%. that would put you in line with the sovereign yield of saudi arabia. i'm not sure people would take risk. amin: we will be competing with them. >> looking ahead to what this company will be in the future, you said you will

you are head of global macro economics for citigroup. the globalin is outlook?cited strong global growth as a reason the fed has steepened their curve. are we seeing some peaks or is this just a pause? >> i think it's a bit of both. q1 that we hadin a couple of minor breathers. froms have come down where was last here in the u.s. positive, global growth is likely to be pretty robust across most regions over the next year or longer. are closee time, we were expectations have caught up with those prospects. we have gone through a long cycle of upward revisions in growth and earnings forecasts. i think we are pretty close to the end of that process and that may be the case in europe. calculusrs some of the that you were talking about earlier. when will the fed be cutting rates and will it be the same time as the ecb will exit its extraordinary stimulus from the last two years? for the time being, we know the fed on this side of the atlantic is pretty steadily moving ahead with normalizing policy and i think it will continue until quote unquote, something breaks. th

an even larger loan came from citigroup, which lent the firm and one of its partners $325 million.t loan was made in the spring of 2017, shortly after mr. kushner met in the white house with citigroup's chief executive michael corbat. >> seth: you know that saying when a friend asks you for money because he's in a jam and you decide hey, he's your friend, you'll help him out. so you say "how much do you need?" and he says "half a billion dollars." [ light laughter ] and you say, "what the [ bleep ] did you do?" [ laughter ] that's jared kushner. [ laughter and applause ] seriously, that -- that is cartoonishly corrupt. how much more suspicious can jared kushner get? he took millions in loans from companies he met with in the white house, tried to set up a secret channel to talk to russia, can't get a security clearance to complete a background check and lurks ominously in the background of every white house photo like he's the ghost of a boy trump killed with an errant tee shot. [ laughter ] "why didn't you say fore?" [ laughter ] "is the ghost back?" [ light laughter ] the big que

and an even larger sum came from citigroup which lent the firm and one of its partners 325 million bucks. kushner resigned as the ceo of kushner companies when he joined the white house last january but he kept the majority of his interest in the company and he still remains heavily invested. remember, it's kushner company. it's his family. his parents. his sisters. i mean, even if he wasn't directly benefiting, you'd think he'd want his family to. a spokesman for kushner attorney tells us, quote, mr. kushner has had no role in the kushner comes since joining the government and has taken no part of any business, loans or projects with or for the companies after that. i want to bring in one of reporters who broke this "the , my friend, kate kelly. walk us through about what we know about the white house meetings. because it is fair to say a lot of these people who came to the white house, whether you're talking about the president, apollo, the head of citi. they already knew jared. it's not a surprise they would also go to the white house. >> there are a number of buckets. first, there wa

and private equity firm apollo global management after kushner met with top executives at citigroup and apollo while serving in his official capacity for the white house last year. facebook ceo mark zuckerberg says he'll testify before congress in the coming weeks amid the burgeoning scandal about how the voter-profiling company cambridge analytica harvested the data of more than 50 million facebook users, without their permission, in efforts to sway voters to support president donald trump. this comes as facebook has been slapped with a new lawsuit by fair-housing groups who accuse facebook of allowing employers and housing brokers to discriminate in their targeted advertising. the lawsuit says some of facebook's advertisers do not show job or housing listings to african americans, women with children. the white house says its ending temporary protected status protections, known as tps, for thousands of liberians who have been living in the united states for decades. the move gives about 4000 liberians one year to adjust their immigration status or to face deportation. the trump ad

if prosecutor could link the benefits that apollo and citigroup were seeking and the benefits mr. kushner got, the roughly $500 million in loans from those two entities, there could be a viable prosecution against mr. kushner. >> woodruff:ow unusual is i for top government officials to be in these kinds of meetings with people whom their firms or firms they are associated wit stand to benefit from financially? >> it's amazingly unusual. it is basic protocol for government officials to run what is known as a conflict check or a due diligence check to make sure that, before theyeet with private financial interests and persons, they kin't have any of a conflict. that could not possibly have been done in this casend it's rather stunning that, at this high level and thisarnto the administration, that such a check wasn't done. >> woodr and evan osnos, as if all this weren't enough, you have the swirling questions around his security clearance, the fact that it's now 13 months intohe new administration, jared kushner still does not have a full security clearance and he wasowngraded this

. >>> citigroup is putting rest ns on gun sales for new retail clients.ill require clients not to sell firearms without background checks or anyone under the age of 21 and not to sell high-capacity magazines. citibank is the first bank to change its policies following the school shooting in florida. >>> the founder of toys "r" us has died. charles p. lazarus was 94 years old. last week hoe announced they were going out of business. >>> and the weather channel has a new owner. producer and comedian byron allen paid a reported $300 million. allen called the weather channel a tremendous asset he planned to expand. he owns seven tv channels including comedy.tv. >> he's a long way from "real people." i don't know if you remember that show, diane. >> he's come a long way. >> he certainly has. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. all right. >>> still ahead, it's in the mail. well, for some people. a peek at the golden ticket that will get you into the royal wedding event of the year. he year. but one blows themi

kushner also met with the ceo of citigroup, also inside the white house. coincidence or not, the kushner business then obtained a $325 million loan after that to finance a building in new york city. >> it's buildings and it's loans, right? >> it's buildings, and it's loans. listen, the kushner family were always going to continue their real estate business. jared kushner did not fully divest himself. he then took a position in the white house. and of all the things he wanted to have in his portfolio, he's the one who wanted to have an infrastructure council, a ceo council, a manufacturing council. he chose to do that. >> he could have been somewhere else, he could have not done those things. >> absolutely. he chose to have one-on-one meetings with guys like josh harris. >> that's to your point, that this is a yn unforced error. it doesn't make sense. we warned you to be wary of promises that tax cuts would translate into raises for workers. we said there's a better chance that companies would use the tax windfalls to finance stock buybacks. if the last thr

mike: citigroup has the best stock appreciation. days, three times more expensive relative to their book value. citigroup was a problem child of the crisis. they are going from lousy returns back to respectable. they have the potential to get to best of class. we think the stock price improves. lisa: mike mayo and elyse: greenspan digging into insurance companies and understanding them. scarlet: coming up, shares of shire surge. by a japanese buyer is considering paying $50 billion for the company. this is bloomberg. ♪ scarlet: this is "bloomberg markets." lisa: time now for the stock of the hour. the one stock stretching between record highs today, it is lululemon. afterga maker is surging reporting better-than-expected earnings helped by a booming e-commerce orders. joining us to discuss, they wilson -- dave wilson. >> you might love talking to me about yoga pants, but that's a whole other story. fourth-quarter results are out. ceo is a swansong for the who was brought in four years ago. they had the issue with yoga pants that wer

why citigroup is setting restrictions on firearm sales by its business partners.things pretty chilly between republicans and democrat these days, senators jeff flake and corey booker try to settle their differences with a snow ball fight. check this out. the very latest on capitol hill coming up this morning. but first, we have breaking news we want to get to right away. there's a hostage situation under way right now in southern france. several people are being held at a supermarket, being held hostage. reuters is reporting this, that the man holding the hostages claims allegiance to the islamic state. we will bring you any more information as it becomes available. again, we do have a hostage situation right now in southwest france with the person holding the hostages saying he is working for isis. investors meanwhile, lawmakers back in the united states are eyeing facebook. the stock had a tough week. it is extending the losses this morning after facebook officials were grilled on capitol hill over the company's data mining controversy. now lawmakers are calling

we saw citigroup do it earlier this week. we have seen dick's sporting goods do it. this is part of this movement. these kids and their parents who shop, are going to start to make commercial decisions, consumer decisions to support the companies that are doing the right thing. joining me from parkland, florida is sergio rosenbach. the family is marching today in parkland. sergio, thank you for joining us. tell me why it is so important for your family to take part in today's events. >> because we are participants. she's a survivor. all of us are victims. we have to be here. we have to support each other. >> sergio, what is it that you believe that alexandra and her classmates are looking for? what does success look like? stricter gun laws, smarter gun laws, something specific, or are they trying to bring attention to this is a movement and they have some power? >> i think it is a combination of things. i think gun law is their priority. attacking attack and assault weapons is their priority. they are smart enough to recognize that they can't bite the whole apple, wh

banks like ubs, goldman sachs, and citigroup are pushing ahead with growth plans in saudi arabia to trycapitalize on an evolving outlook. kingdom itself is expanding and refinancing a multibillion dollar international loan. i got more with managing director and cio and bloomberg news reporter matthew martin. on the loan, the king has been able to take an extra $6 billion. it surprised everybody win he took a $10 million loan a few years ago. billion.er $6 and given the budgetary shortcomings, this is going to be helpful. the kingdom's diversifying away from just having the bond markets. side,so from the banking it's another sign that despite the corruption probe and despite the economic slowdown, the banks are still very keen on supporting this story. they are hiring more, they are bringing more people into the country. they are still interested in winning mandates and doing deals there. road,e a few bumps on the everyone is very positive about the opportunity. anybody that doubted that saudi arabia is here to stay, this is evidence contrary to that. this makes them one of the biggest i

based on the wall street journal's reporting there are still a woman, mary miller, and a man from citigroup remain on the short list. it is possible it could be a woman or man of color. one of the things people are questioning, why have a lot of the women or candidates of color fallen off. shery: thank you for that. we will bring an exclusive interview with the saudi aramco ceo on his plans for an ipo. david: this is "bloomberg markets: balance of power" shery: the dow's been writing the most since february 6. every sector of the s&p 500 is up the green. we are seeing facebook continuing to fall. investigationpen into the company. we are seeing the risk on -- the risk on sentiment on treasuries. now, mark crumpton is here with bloomberg first word news. mark: president trump has 60 russian diplomats the u.s. considers spies to leave the country, in response to the nerve agent poisoning of a former russian spy and his daughter in the united kingdom. european allies are taking similar measures. the expulsion of the russian diplomat will "make the united states safer. so the supreme court has

alix: thank you so much, michael mckee from bloomberg and dana peterson of citigroup north america.take data. andseas central banks countries, how much are they buying. this is bloomberg. ♪ ♪ alix: here is what i am watching. coming out take data around the closing bell. this is what countries are buying u.s. treasuries and by how much. china box $8.3 billion last month but japan selling. i love reading this. david: who likes me, who doesn't? alix: sort of how they are selling and why. is this rebalancing, something more to this? japan has been selling for months, so what does it say? david: they are selling. that does it for bloomberg daybreak america. the market open is up next. we had to a choppy opened this thursday. this is bloomberg. ♪ mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. m