joe: joining us live onset is bloomberg's david papadopoulos. so, you still like roadster? ouple days ago. another horse dropped out. what is the latest? david: we are sticking with roadster. you still have your whopping two dollars to win. [laughter] they are talking about rain at churchill downs this weekend. he's never run on a wet track, so that could be an issue. and not crazy about the way he has been training, but they told me that the horse is training fine. romaine: can you tell me how international the horses are, where they are traveling from, who the trainers are? the u.k., a huge thing, horseracing. how international is it? david: they are trying to make it more international. traditionally there hasn't been an international race or the horse coming in from japan, master fencer. he's not going to win. a couple horses from dubai. the hope is to get horses from that part of the world win, come here. the americans sent two horses to second, endirst and of than coming back here. but they are trying to make it more international. joe: david papadopoulos, you have my

sat down with david papadopoulos to handicap the race. ♪ it is kentucky derby time, the first of thee crown horse races are coming up. millions of dollars at stake. i've always wanted to know how does an expert handicapper decide what a good value horse to bet on is? i've been looking through all the papers of past races. the truth is, i cannot make heads or tails of it. the good news is, there is somebody at bloomberg knows a lot about this stuff. i am here with david papadopoulos, a bloomberg editor, but more importantly, an expert horse better. he is walking me through how he analyzes to prepare for betting on the big race. we have all seen these racing forms. what are we actually looking at? >> when we look at my top pick in the derby, roadster, i will point out a few things that i hope will resonate. the speed number in both numbers is usually a great place to start. you also want to see in the past performance lines where they finished. his most recent race, he came in first, won by half a length. anytime you see an asterisk x to a horses, that means he was the favorite. he is

that was david papadopoulos along with joe weisenthal. amanda: coming up, the war on cash. we talk with harvard for harvard kenneth -- professor kenneth rogoff on why he is in favor of negative rates. this is bloomberg. ♪ ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn in new york. amanda: i'm amanda lang. i'm amanda lang in toronto. the hoover institute conference is underway in california. michael mckee is standing by with a rather special guest. -- mike:very much thank you very much. we are here with kenneth rogoff, of harvard university, who has studied monetary policy for some time. we will talk about some interesting ideas he has come including negative interest rate. let's set a predicate. what is wrong with the way that we do policy now? kenneth: looking at the instruments, not so much the communications, which is another animal, but with interest rates drifting down near zero in europe and japan, they are moved up in the u.s. as we are doing much better, but still very low. if something were to happen, the scope for cutting interest rates is limited. then t

to discuss the controversial ruling, david papadopoulos, our in-house horse racing expert.ll the drama, i loved it. president trump tweeting, i'm not happy with the decision but according to you, clearly a violation. what did maximum security do that caused them to be disqualified? david: i understand the confusion, the anger. the rules are pretty straightforward. pathu do not maintain your and you start veering right or veering left, and you impede the progress of one of the other horses, forced them to alter course, lose momentum, and you cost them a chance to finish better, whether it was fifth, third, whatever, you need to be disqualified. was acond place finisher random beneficiary because he was unmolested by all that. i know that is unsatisfactory for a lot of people but those are the rules. to twoe: you are talking random beneficiaries of country house's win. two dollars i managed to inadvertently bet on it at a party. what is the context and sermons of the -- in terms of the scene here? the backlash and the background to why they took this. in general, the horse ra

we welcome our foremost horse expert, david papadopoulos. you think it was not a close call. turnming around the second , maximum security, while on the lead, clearly jumped out several path lanes. -- several pads. when you do that and in the process what on multiple horses, 1, 2, 3, and compromise those chances, and frankly, put those horses in danger, you need to be disqualified and put behind them, regardless of where they finish in the race. what is wonderfully on unsatisfactory for everybody is that the horse that went from second to first was not affected by any of that, but that is part of the game. you cannot wipe out multiple horses and then be expected to remain where you were. you need to go behind them. david: one of the ways horse racing is different from law. there is something called harmless error. this time you definitely count it. those look like terrible conditions they ran the race in. what about that poor horse that was disqualified, was he trying to get around a puddle? >> some people saw a puddle that he was trying to

caroline: david papadopoulos, we will be watching your calls. that is all from "what'd you miss?" is up next in the u.s. caroline: have a great evening. joe: this is bloomberg. ♪ ♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." america's push against why way and 5g escalates tensions between the u.s. and china. and 5gnst huawei escalates tensions between the u.s. and china. chinese state media sign of a lack of interest in talks. markets are still on edge after