citigroup not expecting the stock to move until the 737 max is back at sky, but they are reinstatingheir buy rating on boeing this morning. not helping right now boeing down .6% that call just crossed moments ago. all right. time for the morning's top trending stories mr. holland is back for those. frank. >> perfect segue we're talking about airports denver coming in at number four. dallas-fort worth at number three. chicago o'hare, the runner-up and time for the big reveal. drum roll. the number one business for business travellers. atlanta. on-line small biz marketplace fundera raip ranked their decision on factors like ease of internet access, proximity to downtown, and more by the way, the worst airport for business, palm beach international in florida >> atlanta's hartsfield also the busiest airports in the united states as well they're doing something right down there in georgia. >> chicago o'hare was a surprise to me because it's not close to downtown, and i find it to be a maze, hard to navigate i have been there many times a little bit of a surprise >> a surprise to a lot of

citigroup is a value name and it should be owned unemotionally. and much more "mad money." $1 billion was spent on health care and another $17 billion just got added to the mix. i'm talking to the ceo of centene for what is ahead of the company. >>> and then the jobs in the economy from paychex fresh off the report and all of your calls in the rapid round of "the lightning round. so stick with cramer so, you're open all day, that's what 24/7 means, sugar. kind of like how you get 24/7 access to licensed agents with geico. hmm? yeah, you just go online, or give them a call anytime. you don't say. yep. now what will it take to get 24/7 access to that lemon meringue pie? pie! pie's coming! that's what it takes, baby. geico®. great service from licensed agents, 24/7. -it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪ -find your certified financial planner™ professional at letsmakeaplan.org. >>> last night i made a desperate plea for consolidation, what this market needs is a wave of m

i've been inspired by the bravery and courage citigroup showed several weeks ago.e're looking forward to the other 11 companies we have a shareholder proposal in front of them on the gender pay gap this spring. right now, those will go to a vote of shareholders, but we would like to see leadership. caroline: it's great to get transparency such as that's being driven by your conversation and the usual host of this program, emily chang, and the like. thank you for having that conversation on international women's day. jennifer and natasha, thank you. twitter has updated its abuse reporting functions, allowing users to specify the complaint like if your personal phone number or address has been exposed. the company's first-quarter sales forecast indicated tepid user growth, suggesting improvement assets have not done much to expand audience. the moves comes after mark zuckerberg announced plans to rebuild some of the company's features on a focus of private communication. the u.s. overall jobs numbers we know, but how has the tech sector been going higher -- been hiri

for theed for change it likes of citigroup, for example. i come from the u.k. where this has been brought upon by the government, insisting companies of a certain size revealed their gender pay gap. how is this working for you and working for companies? is this message landing as you want it to? natasha: one, i'm happy to be here on international women's day, and i think it's a good day to have this conversation. we've been engaged in companies on gender pay equity for the last four years. we have moved 22 big tex firms, big banks to reveal their equal pay for equal work numbers. is so you and i are working the same job, you are man and i am woman, are we being paid fairly compared to each other? when you look at median gaps and how the gender pay gap is measured, even globally, women -- $.77 on the dollar for full-time work versus men. that's a huge disparity. it not only costs the economy $1.4 trillion per year, it is opportunity because we are not putting women in high paid positions, they are not moving into leadership positions, and it is something we need

jen marinelli of citigroup special economic advisor, willem buier.d to see you thank you for being my guest this weekend. >> pleasure. maria: tell me how you saw the gdp report we saw this week. what does it tell us about the u.s. economy? >> i think it is a positive number. if you look is 2.6 percent you take quarter for, get 3.1 percent. the numbers are good. it suggests there is a slowdown going on. not unexpectedly since the effect of the fiscal stimulus that you got early they are beginning to wear off but this isn't encouraging Ãit is an encouraging number.july will be the longest in u.s. history. maria: hundred and 20 months or something there. you know what really stood out to me in the gdp report? business spending. critics have been saying business x is gone. maybe it's not the numbers right after the announcement of the tax legislation but you are still seeing amazing numbers when it comes to x. overall, he saw a 13 percent growth in intellectual property and money going into innovative strategies for companies. that is overlooked often ti

we just spoke to tina fordham of citigroup about this existential crisis.s monty python has gone full "the meaning of life." how does this get resolved? question, inew that am happy with my job, but maybe there was something else i could be doing. , ibig punch -- my big hunch watched the main channels news programs on the amazing both we had in the commons. neither of them ever once mentioned the words violence or irish. if it was not for the issue of northern ireland we would have a brexit deal that would have passed parliament. ands all about the backstop the impart -- and the impossible way of reconciling the trading agreement with the treaty of rome. reason the fundamental we have this intractable of a problem. i am not sure myself that any of the interesting arguments about revoking article 50 are the different norway plus canada or the other way around, i'm not sure any of those suggestions are worth discussing until britain makes a conscious effort to go to ireland and see if there is any way to resolve. it seems to me we can now see with the landing

could have said citigroup, he could've said anything else. the thing about ge is after having $500 billion in assets, it is selling some of them. apollo is in a really good position, and at least a small group of players that can take the assets on. carol: what is it about seltzer will make that they their version of ge capital work when we saw what happened to the former ge capital? >> the insurance is no small piece of the puzzle. it is something that equity firms are trying to replicate. blackstone and carlyle are trying to get into the business. they are able to invest in credit assets more heavily. this is a huge part of the strategy. they got into it right after the crisis and bought the insurance assets on the sheets. now, they are expanding globally and that headstart is helping apollo catapult above everybody else. carol: in the economic section, we have a scorecard for president trump's tax policies. jason: bloomberg analysis showing that they have done little to boost growth and tax rates may not be that important when it comes to

will citigroup get its money. don't care who gets the money as long as it will not be maduro. whether the bank of england keeps it away from him or citigroup keeps it away from him i don't care. liz: citigroup runs control of pedevesa the oil unit. a big fight. stuart: we're really feisty this morning. rightfully so. >>> staying on venezuela earlier this week john bolton on this program said all options on the table when it comes to getting maduro out. doug band do you with us, senior policy advisor at the cato institute. i know where you're coming from, doug. you don't think we should use military intervention, i got it, but if we take it off the table we have no threat. so you don't take it off the table, you don't necessarily use it. what do you say? >> the problem if you're going to make a threat you have to be willing to live up to it. so the challenge for us if we make a threat we're really not willing to follow through on then we lose credibility. to my mind you use the military for absolutely essential thi

it in standard citigroup--ensnared citigroup which was going to face $181 million of losses on a loandge fund. rishaad: this is what the japanese lunch break looked like. down.pics is sony will be merging its phone, television and audio units into a new entity at electronics products and business solution. are down. headlines they have given a letter of authorization to keep on flying its aircraft in the u.s., heading up for certification. subaru is down 1.7%. the company said its growth trend has actually been threatened by tariffs. it is good news, getting to bed with another company called yl logix. they got approved for an arthritis drug. reviving the flipping global status in hong kong. this is bloomberg. ♪ ♪ >> a joint statement said of holding international ties is the best way to tackle -- and boost world prosperity. but the eight is china's biggest trading partner and wants to solidify the relationship while also pressuring beijing on its president trump's order emergency survives as democrats failed to override his veto. their win was just short of the two thirds majority ne

assets led from the banks, talent also left, so the person who runs the business was formerly at citigroupdnows these markets well has brought on city talent as well. even the banking talent has moved over to these firms. >> your point is that this guy once stood created the capital of tomorrow. former looking at ge capital assets. >> something interesting about this is that they would tell you that this is a metaphor. , hed have said citigroup could've said anything else. they said that after adding 500 billion, they are selling the assets. maybe one of the small group of players that can take these assets on. it about seltzer and apollo that they would make their level work? >> the insurance is no small peace of the spirit is something they're trying to replicate. carlisle is trying to get into the business as well. they are able to invest in credit assets more heavily. this is a huge part of the shadow tree. now they are expanding globally and that headstart is helping them catapult above everybody else. carol: in the economic section, we have a scorecard for president trump's tax polic

could have said citigroup, he could've said anything else.y said that after adding 500 billion, they are selling the assets. maybe one of the small group of players that can take these assets on. carol: what is it about seltzer and apollo that they would make their level work? >> the insurance is no small piece of this. it is something they're trying to replicate. carlisle is trying to get into the business as well. they are able to invest in credit assets more heavily. this is a huge part of the industry. now, they are expanding globally and that headstart is helping them catapult above everybody else. carol: in the economic section, we have a scorecard for president trump's tax policies. jason: showing that they have done little to boost growth and tax rates may not be that important when it comes to corporate investment. >> this is a very hard thing to measure. people are taking a stab at it and the range of investment and impact is quite broad. that said, i put a lot of time to looking at promises from the white house. we have heard about

im selzer was formerly at citigroup.e has brought on citigroup talent. >> this guy wants to create the ge capital of tomorrow. ofcifically looking at some the former ge capital assets. something interesting about this , he could a metaphor have said cit. he could have said anything else really. aftering about ge is having 500 billion in assets it is selling a lot of those assets. as some of these assets come to market apollo is in a good position. a small group of players can take these assets on. >> what is it about apollo that they will make their version of ge capital work when we saw what happens to the former ge capital? >> the insurance piece of the puzzle is not a small piece. it is something equity firms are trying to regulate. capitalg the permanent they are able to invest in credit assets more heavily. this is a huge part of their strategy. they got into it after the crisis. now they are expanding globally. that headstart is helping apollo catapult above everyone else. carol: we have a scorecard for president t

citigroup, j.p.gan, many banks have come out with warnings either for individual units or for the entire banking revenue. is this something that might go away as soon as there are fewer trillions of dollars of negative interest rates out there? patrick: it is definitely pegged to interest rates. i would say that is a factor. it depends on how well equity markets are doing, too. it is honestly a very difficult question to answer. that is why these banks are taking it quarter by quarter. that is also why they are very hesitant to give long-term outlooks because lots of these things are just not in their control. guy: patrick, thanks for the update. fairly big story being covered on the bluebird today. patrick winters joining us -- on the bloomberg today. patrick winters joining us out of zurich. vonnie: ubs down as well, and markets more generally are lower today in anticipation of the fomc decision and earnings news. 1% with awn 4/10 of handful of stocks higher. s&p 500 also 4/10 of 1% lower. the nasd

citigroup is our stock of the hour. bank following the most since the day after the brexit vote in june of 2016. emma chandra is in london. citi traders were ousted in hong kong and that is responsible for pushing the shares down. emma: certainly responsible for some of that move downward. citibank has a big presence in asia. eight traders outed and three others suspended after the bank had an internal investigation into trade with clients. officials at citigroup had been probing whether or not traders had properly exposed to the banks financial interest when facilitating certain trades. this followed a probe along similar lines by hong kong sec earlier. this at a time when we are seeing trading revenues under pressure and shrinking. the move downward in the shares today obviously being impacted by the other headwinds we are seeing banks and financial companies face today. jason: other big names often -- also having a tough time, being hit by poor economic news. we are seeing the likes of bank of america, jp morgan, gol

home and globally, given the fact that you're invested in quite a number of financials, as well citigroupnk of america, aig, capital one. >> we do own a lot of financials, which probably puts us in the camp with most value investors. the companies like citi, ally, capital one sell at about eight times earnings, small premium to book value the market is treating them like they're well below average companies and if they end up being close to average, those will be great holdings for us. at oakmark, we're long-term investors, we typically hold for five to seven years. so the monthly fed commentary to us kind of fades into background noise. >> well, that sort of reminds me of what we went through in december, bill there's been a lot of talk about institutional investors who were caught off guard and really haven't re-risked after the december lows. that is one argument that we would put together at chase later in the year. how did your thinking evolve, or did it move at all in the lows of december? >> well, we thought our stocks were getting more attractive unfortunately, mutual fund investo

you are reading about citigroup. eight equities traders in hong kong and suspended three others after a sweeping internal investigation. the bank said it found personal not meet itsdid standards. in new york, cracking down on developers. bloomberg says builders are extending skyscrapers. the practice is potentially dangerous. tictoc on twitter is reporting that the first underwater restaurant is in norway. it also serves as a research center for marine life. its walls are more than three feet thick, built to withstand the pressure of the icy waters. you can follow all these stories on your terminal on bloomberg.com and tictoc on twitter. romaine: breaking news moments ago. interest filing for their ipo, the image-based social media site coming to the market among a torrent of companies. us now to discuss this is bloomberg's elizabeth fournier, who covers the ipo market for us. interest is a company with decent revenue, but why are thinking this up? we weren't expecting this for a couple more months. >> the window see

come on back over because a viewer wants to know what the desk cities of citigroup the financials tradeext. still time to reach us as well with your question cnbc.com/halftime or you can tweet us swing by, i'm not busy. you wouldn't settle for a two-star dentist. so why do you stick with a bank that treats you like this? this is nice, how much? $50. $40. deal. please see if there's better out there. ask the internet! ask your friends. ask your co-workers. we're pretty sure they'll send you over to us. because we're not just a bank, we're an ally. [phone ringing] ally, this is pamela how can i help you? ♪ >>> let's do your questions now. pete, from dau darren in houston wynn seems to be stalling. buy, sell, hold? >> i love the name but ever since steve wynn left, i'm no longer in the name that was the biggest impetus for me to be in it i still like lvs >> not like the stock can't perform without -- >> it can perform, but i start with the ceo and i'm going with lvs. >> and joe from jim in florida, citigroup. >> i'm not long citi i'm long jpmorgan. but this coming quarter for citi will be

stearns is running to the feds to stay afloat president bush today defended the decision to bail out citigroup fannie mae and freddie macin asked for a total at green million dollars more to say aloud could get much bigger billing even in troubles for the u.s. economy. and they're building up the next term. b. each time the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would worry about the investors who made risky investments but the rich and powerful they don't want to capitalist system they want to be able to run to the nanny state as soon as they're in trouble and get billed a taxpayer it's called the too big to fail. i mean there are no will or it's economic sue them and others none of them were even approached the people picked and sex croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. meanwhile for the poor let market princ

when sandy weill had a big blow-up with jamie dimon back in the day under citigroup.her citigroup, smith barney, brokerage, big citibank, biggest bank in the world, huge company. he has a big falling out with jamie dimon. jamie is like third in command, second-in-command. leaves with a whole team, slew of executives. that is one of the reasons why citigroup escaped blowing up by the skin of its teeth. you need a management team. one of the problems that elon musk has, so many people leave. he is hard to work with, you come out with messages misleading to the market. they're not thought through. i think that is one of the problems with keeping him as ceo. long term for investors. listen, maybe it is good that tesla, you get rid of him. the stock gets cut in half, which might happen, by the way. he could stay as creative director. real ceo comes in with a real team and leverages his management that would be, excuse me his knowledge. connell: his expertise. >> his expertise. connell: he is an gear. >> engineer. leverage is what he is good at. clearly management is not it

and citigroup on their fall back in france have gathered outside parliament to stage what they're calling the world's biggest dog's dinner and they feel it is also a mess the process the support calls for a second referendum attendees made it clear what they think of the whole thing. becomes. of these both of his reminder of our top story this hour the voice i'm flight data recorders from the ethiopian airlines flight that crashed after i decide about on sunday i've been become a boeing a seven three seven knots eight achrafieh went down just minutes after takeoff coming all one hundred fifty seven full. copy of let's say i'll do w. reporting from around the world and global i three thousand including a visit to the tourist cattle cars in el salvador on the way. to. climate change. sustainability. environmental projects. globalization effect biodiversity species conservation exploitation the quality. human race. displacement. of the global and local action. global three thousand next on d w. so loose are no i just couldn't get this song out of his head. sousa college just began searching

. >>> citigroup sinking 4% this group. one of the treaders says there is more pain coming.e'll break it down. have a question for one of the traders? stick around because we are taking your tweets later on in the show live from the nasdaq tonight in times square. more "options action" is right after this what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is th

citigroup cutting its target. optical, a miss. downh and happiness, 9.3% for this equity.orse than expected earnings. kitchen sink, the bad news, companies saying the chief executive has resigned. china power group, off by 6%. since october. an earnings shortfall responsible for that one. earnings.ll about oil or copper. ists battling it out. the battle of the charts. this is bloomberg. ♪ ouroming up, are battle -- battle of the charts. alex came all the way from singapore. we will run that function. at the bottom of your screen. you came all the way from singapore, i will give you the honors first. >> china's big three energy companies reporting and there will be a lot of scrutiny on the dates. it shows the year on year change in oil production. gas production in yellow. gas production has exploded in recent years. has almostion continuously shrunk. crudeis still a massive reducer, but the fields are old and expensive. since the crash, they have cut back on crude output. the president wrote to the companies and told them you have to boost crude production? you have seen i

citigroup wants to boost liquidity in asia's biggest foreign exchange hub. currency trading and pricing platform in singapore. the bank also has fx systems set up in new york, tokyo and london. it top republican is blasting president trump's demand that allies a more to host u.s. troops in their countries. liz cheney says the cost. would be devastating. the proposal is in line with president trump's efforts to encourage allies to boost their defense spending. that is a bloomberg business flash. . francine: thank you so much, viviana. boeing's best-selling plane is coming under scrutiny after the latest accident. groundia and china have of their fleets of the 737 max 8. the flights cockpit box and they do recorder have been found. let us get straight to "bloomberg markets": european close anger and also aviation expert, guy johnson for the latest. we just found out from ethiopian airlines that the data recorders have been found. how quickly do they analyze it. guy: they will certainly want to get as much information as they can about what happened. it will al

they have hired citigroup, as well as fresh fields, to advise on the merger.w that commerzbank is working with rothschild and goldman sachs. if it actually happens, we know that those four banks will be advising these two banks on the purchase. let's get to our top individual stocks stories 45 minutes into the trading session. along with commerzbank and deutsche bank, a lot of company stories on the move. theyng at fiat chrysler read reports saying they are interested in acquisitions of opportunities are there. one of the companies mentioned along with gm and a few others. they reported a cyber attack at norsk hydro, they are working through it, trying to figure up how to contain it. that is that while getting sorted out, shares falling by nearly 2%. if i reduced retail sales by 1.2% in the first quarter, but goldman sachs says that is still retail growth of 11% shows the resilience at the company and that is giving investors a positive story to bid the company up today. anna: thanks very much. france is down on the yellow vests protesters. the prime minister

citigroup was one of the few u.s.are named in this situation, but most are european banks. and really big ones. deutsche bank and dansk a bank are the bigger ones. romaine: what is driving this -- danske bank are the bigger ones. romaine: what is driving this? what's the common thread? >> a number of people have been looking into this for a number of years. the network of banks that run through offshore vehicles throughout europe. caroline: it seems to be going through estonia and lithuania. it's at the first time we see a group laundering money in this way. you wonder why we keep seeing more and more banks intertwined. one laundromat has also been proximally platform to a russian bustamante best laundromat and others. >> here is part of the problem, this investigation spans across the globe. u.k.regulators, regulators, and there's a large coordinated effort. so far, it has been easy to say we are the banks for the other banks so the other bank should have been checking their clients were. it is very hard to figure ou

morgan citigroup you think they should all have gone bust and we should have put the money in the regional development roll out at the most extreme i would say yes but if we see high finance knows how to make more money so i say could we benefit from i also think that we need a certain type of bank that there used to be a lot of which is which makes its money because let's remember these are all money making operations that makes its money from very concrete real stuff you know developing housing for the middle classes etc etc how have. finance they they do all kinds of you know very material things as well that they financial lies but my my argument is can we use some of that intelligence some of those tools some of those incredible instruments to actually generate far more distribute it set off you know benefits then and then what we have now we can't go on the way where we are really destroying. lots of little shops neighborhood operations you know it's a very destructive moment now as i said i think we've just sort of started to go on the other side of the curve so i'm very curious to

finally, looking at the disruptions of venezuela citigroup coming out, saying those reductions would likely lead to brent averaging $70 a barrel this year. >> thank you so much for that set up. we want to bring our conversation back to scott of wells fargo institute. health,as talking about jessica mentioned crude oil. you mentioned that the market needs to see broader equity leadership beyond technology. which sectors would be good candidates for that? >> the industrials would be. we need some progress with u.s.-chinese trade talked -- trade talks. it had a great bounce since the christmas lee -- christmas eve low, that's for sure. i'll commodities team is calling for a $65 price in wti by the end of the year. we think those earning estimates were brought down in the fall. probably some upside there. energy could participate. , joe mentioned profit taking. certainly we have been overweight health care for a while and it has worked out really well. over the coming months, i would argue that really it is the bipartisanship which there is very little of today in congress. drug pricing

that unexpected profit miss citigroup was saying came in so bullish, too bullish, into the year has translatedm line. it really did start on the top line as well. interestingly, 77% of their sales come from leather and shoes. that's as fell 1%, so big market for them. leather only growing 3%, so started getting hit on both the top and bottom line. really you can always blame the chinese consumer, i guess. vonnie: and the chinese consumer had a lot of issues with u.s. fashion houses and italian fashion houses this year. what about peers? prada wasn't able to give her a from their peers. others like gucci -- able to differentiate themselves from their peers. others like gucci made adjustments, so that was why they struggled a bit. vonnie: coming up, "balance of power post quote with david westin. -- "balance of power" with david westin. that is next. this is bloomberg. ♪ ♪ david: from bloomberg world headquarters in new york, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. cirilli inkevin washington. reports boeing should have known about

kailey: citigroup is cracking down after investigations into their trading. bloomberg has learned the bank examined whether certain traders properly disclosed their own financial interests when facilitating stock trades. a policy reversal by the trump administration certain to provoke china. bloomberg has learned about the president has encouraged taiwan to buy more than 60 fighter jets. to u.s. hasn't sold the jets taiwan since 1992. the au has given british prime minister theresa may another two weeks to avoid a no-deal brexit. leaders told theresa may that if british lawmakers do not endorse her deal next week, she has until april 12 to select two options, to request a longer extension or to leave without an agreement. global news, 24 hours a day, on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am kailey leinz. this is bloomberg. ♪ vonnie: from new york, this is bloomberg. ♪ ♪ guy: this is bloomberg markets. i am guy johnson. let's check the markets. about, it really is the bond markets today. w

our civilization will collapse so on the other hand the government has responsibility to protect citigroup let's bring in our panel who are waiting patiently to come in here i'm joined by swedish bangladeshi journalist author of death squads and state terror in south asia do you think it's fair to say that it's turning bangladesh into a one party state into an authoritarian state as many journalists are claim especially in the west yes many because c.n.n. has not only turned the country into a one party state and she has very successfully done that she has very key people in phases like the tories be who would come on international television and very low currently you know try to defend her but the truth remains that bangladesh is a country where people are picked up from their homes they're ducted they're kept in secret detention there is a program of enforced disappearances people are really cute people are imprisoned in thousands i mean we saw during the recent elections and even the anyone who the regime things that is a problem grew after him or higher with absolute viciousness and j

expression our civilization will collapse on the other hand the government has responsibility to protect citigroup let's bring in our panel who are waiting patiently to come in here i'm joined by swedish bangladeshi journalist author of july death squads and state terror in south asia do you think it's fair to say that it is turning bangladesh into a one party state into an authoritarian state as many journalists are claim especially in the west yes magician a casino has not only turned the country into a one party state and she has very successfully done that she has the key people in phases like to to risk be who would come on international television and very low currently you know try to defend her but the truth remains that bangladesh is a country where people are picked up from their homes they're ducted they're kept in secret detention there is a program of enforced disappearances people are really cute people are imprisoned in thousands i mean we saw during the recent elections and even. anyone who the regime things that is a problem the guru after him or har with absolute viciousness and

all these are good news for b of a, citigroup, and jp morgan. >> i have a tendency to try to focus on the companies and stocks that are more u.s.-focused than worldwide focused because that exposure is dragging a lot of those down if you can looking -- you can look at the historical returns or analyst expectations of those stocks from the s&p 500 and less than 50% exposure worldwide. the cuts on those estimates are a lot less than they are on the other. thank you very much. we appreciate it >> thank you >> still ahead on the show, big pharma under fire again. johnson & johnson hit with another major fine over its baby powder products. we have the full details coming up and later on a wicked weather alert. millions of americans in the path of what meteorologists are calling, yes, a bomb cyclone we'll tell you where it's headed when worldwide exchange returns after this break so grant met his insurance: you are caller number 12. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to

>> if you look at citigroup, bank of america and jp morgan, those are the true go lie aliats digitalbanks versus the rest of the competition. >> wells fargo, what do you do >> i stay employed at wells fargo. i like my research managers. >> i know. >> we have a great fixed income department >> but you can't say anything about your own institution >> i did not give you those disclosures. i've worked at seven brokerage firms. i'm allowed to be myself at my firm i'm allowed to have independent research this is probably the best firm where i've worked out of my seven brokerage firms. >> you have the least problems at wells fargo >> i think wells fargo is great. i think it's unfortunate, all that stuff that happened you know, it's a legendary name and had such a great rep for so long i feel bad a little bit but i'm glad you're there because you're raising it back up up where it belongs. >> m & a do you think there's going to be more in the regional. >> absolutely because goliath is winning and if you can't beat them, join them. >> you know, we can celebrate something else >> you know what'

in a few moments, citigroup special economic advisor is my special guest. document economic growth.whose group, american action form edit at the cost of the green new deal. you will not believe the price tag. meanwhile, the u.s. economy grew at

in a few moments, citigroup special economic advisor is my special guest. document economic growth.ram joining me for former director, doug aiken whose group, american action form edit at the cost of the green new deal. you will not believe the price tag. meanwhile, the u.s. economy grew