i'm david westin.s is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television from around the world. on friday last week, it was reported in the wall street journal that lloyd blankfein would step down as ceo of goldman sachs by the end of 2018. blankfein immediately brushed off the report via twitter, but on monday, a move by goldman brought the succession story back to the fore. >> more clarity on the line of succession at goldman sachs. david solomon is now the sole president and coo at the firm, putting him in line to be the next ceo. harvey schwartz is stepping down. >> 15 months ago, goldman named two co-chief operating officers, and after 15 months, the board obviously made a decision that david solomon will be the next ceo. our best estimate is that lloyd blankfein will step down in 2019. that'll be the 150-year anniversary of the creation of goldman sachs. clearly, david solomon's strength is on the investment banking side. h

i am david westin. shery: i am shery ahn.stocks rebounding in the afternoon session, the dow being led higher by .2%. materials and financials are leading the gains. the s&p 500 gaining ground. we heard from senator perdue that president trump is open to changes on tariffs announced last week. the vix has reversed earlier gains and is losing ground for a third session. two reels unchanged for the moment -- materials unchanged for the moment after seaside to the session. cvs healthcare.gov one of the largest -- cvs health kicks off one of the largest bond offerings. emerging markets are doing pretty well, gaining the most since march of last year. david: return to mark crumpton for bloomberg "first word" headlines. mark: it looks like there will be another court battle over daca. a federal judge in maryland says the trump administration's decision to the need to the program that protects undocumented immigrants from deportation was lawful. judges questioned the decision. it increases the chances the issue will end up before th

i am david westin.is bloomberg best, your weekly review of the most important business news and analysis from around the world. on friday last week, it was reported that lloyd blankfein would step down as ceo of goldman sachs at the end of 2018. he brushed off reports on twitter, but last monday, the story came back to the four. >> more on the line of succession at goldman sachs. so solomon -- david solomon is in line to be the next ceo and harvey schwartz is stepping down. namedmonths ago, lonmin -- goldman named two chief operating officers and the obviously decided that david's element will be the next -- david solomon will be the next ceo. we believe that lloyd blankfein most down in 20 19, and that 150th anniversary of the creation of goldman sachs. solomons strength is on the strength of the investment banking side. es has the best rolodex around. the challenge and opportunity for goldman sachs to better leverage this corporate relationships to build business across the farm, not just in investmen

lisa: that was harvey pitt speaking to david westin earlier today.mp movesing up, closer to a presidency of one. we bring you the latest on personal changes -- personnel changes and an update on the special election in pennsylvania's 18th district. from new york, this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leav

. ♪ this is "bloomberg markets: balance of power" and i am david westin.it's get a quick check of major averages, with charger is gaining ground and the dow is losing more than a percent, around towards the points, and the doubt is being led lower by consumer stocks air financials, and a trade war of concerns with more harsh trade rhetoric coming from president trump. ground and is losing volatility is rebounding after three sessions of losses. david: mark crumpton is here now with first world news. mark: global business leaders are reacting to gary cohn's departure from the white house. and joeg's alix steel kaiser about the trump administration losing its top economic advisor. that are sorry to hear gary is living, i think he has been one of the best people -- he has been supportive of global responsibility in the united states, and i am sad to see him leave. mark: he also expressed surprise of the american post tariffs on steel and aluminum which are a primary reason for gary cohn's resignation. the crop prince of saudi arabia met with queen elizabeth a

and tariffs.tting david westin joins us with a special guest. lcome our audience from tim burke -- the tv and radio as we talked to peter navarro, director of the white house office of trade and manufacturing policy. welcome back to bloomberg, good to have you. peter: it has been a while. david: there is a fair amount of activity in your neck of the woods. gary cohn is going to step away. i want to start there. the president has been exclusive he wants to bring voices even conflicting voices informing economic policy. if he wants to replace gary cohn, should he be looking for someone with gary's particular point of view which might not have agreed with your own? peter: the president tweeted out this morning he has got a long list of people he will interview. it will be a great list. we are going to miss gary. gary is a great colleague. i myself, i loved to have him on discussions because we do have differing point of use. it is a deep bench. there is a superb economist, mick mulvaney, this guide leading deregulation revolution in this country. we

david westin is standing by with a member of the trump administration appeared >> joined by wilbur ross. thank you for joining us. the talk of the town is trade war. the kind of army plate -- armor on its armored vehicles. in aluminum, there is only one kind of alloy needed for aerospace, for fighter planes and satellites. so, we are down to dangerous circumstances, and we really cannot let it go. we unfortunately have to deal with a global problem on a global basis. -- oftions i presented the options i presented, the president chose one, which was put broad tariffs on broad products. president, andne he chose the option he felt would be most effective. as you know, we are having another round of nafta negotiations. how does the president deal with that? he exempted canada and mexico because of nafta. any prospect that when the president signs something next week, he might have exemptions for president -- for canada and mexico? section 201 is a different section then to 32. all of our trade agreements, nafta included, have specific language giving individual countries the right to deter

washington, i am david westin. shery: here are the top stories we are watching at this hour. linda mcmahon joins us and what she says about the impact of tax cuts and tariffs on small business. democrats on the verge of snagging a house seat in pennsylvania. a surprise performance but republicans on edge of keeping their house majority? and the u.k. takes aim at russia, threatening to freeze assets following it attack on a former russian spy. vladimir putin says he will retaliate. we'll have the latest. ♪ david: president trump has made economic growth is top priority from the beginning and his or billy said that small businesses across the country are the key to that growth. asthma goldman sachs did a survey short the top concerns of small businesses are access to credit. number two is the regulatory environment having too much relation, and number three as access to a qualified workforce, tech, and cybersecurity. linda mcmahon knows what she is talking about because she wwe,ed and small business, to a big business, and she joins us now. lisa: thank you. david: i want to tal

alix steel and david westin are off today.ange my tune every day, which i guess is my prerogative. the prices did change, and i wanted to make this point yesterday. we did not see the selloff into the close that we've seen for the past several sessions. you can take your pick, tariffs, .echnology the epicenter of some of the broader nervousness that we saw, the nasdaq underperforming. amazon in the spotlight, tesla, facebook. take your pick. this is a look at the futures, 4/10 of 1% higher for s&p futures. -- i'm showing you the level, relatively unchanged. 1325, third quarterly gain, a feat not seen since 2011. in halfr -- the highest a decade, giving you a sense of some of the broader nervousness in the market. -- 64.34.4/34 let's get an update on what is making headlines outside the business world. marks exactly one year until britain's scheduled union. from the european theresa may will spend the day touring the country to gauge the mood of the nation, but she will not like what she hears. a bloomberg investigation that in

david: and i am david westin.here are the top stories we are watching, markets aching a comeback -- markets making a comeback and will are from wilbur ross on why the administration is making this decision. and the nra says it has a positive meeting with the president at the white house. what are the chances of gun control happening and what could be the impact on the manufacturers? and italy's five-star movement is poised for a strong showing as italians had to the polls this week and will look at how italy could impact europe's economy. ♪ markets,t's check on as they rebound from opening lower. here is abigail doolittle. abigail:

i'm david westin right here with julia chatterley. alix steel is off today. he. you. julia: all is fine as david mentioned. futures as for u.s. they are higher after the 2.7% gains in the session yesterday. what a bounce we saw with no worries as far as the market is concerned at least for now on the prospects of future trade tensions or trade war's as we have been calling it. i want to draw your attention to what we are seeing. we do see dollar strength versus both of those higher. crude is the one to watch. the price gaming 5/10 of 1%. it is worth watching in light of talks in new york between the crown prince of saudi arabia, the president, and business ceos meeting today. david: all the buzz around new york city. time now for the morning brief. we will get the conference board's consumer confidence data for the month of march. at 11:00 eastern time, the atlanta fed president speak at a conference in atlanta. at 1:00 this afternoon, the united states treasury will sell $35 billion in five-year notes. get a look at what's making headlines outside the busines

i am david westin. alix steel is down in houston. you were searching for that secret not so secret dinner. did you find it? alix: we did find it, amazing reporting and sleuthing from our team down here. you had secretary-general down here saying we talked, it was great, we exchanged information. i will be talking to the shale side, jack stark, president of continental resources can and the xto energy president. a lot is coming up. my first question, were you at the dinner? what did you talk about? david: there is no one that knows shale more than you do. alix: they probably do. it will be a jampacked day. in the markets today, it is very called as she goes. urbone the hold the bor line. futures grinding out a little stronger. euro stronger. yield upar yelled -- about one basis point. crude up 0.6%. three stories we are watching this morning. duking with president trump. hold the bourbon. you have ecb speakers and boj speakers on friday. cigarette joins us. the president getting a little resistance, including from speaker paul ryan. t

. ♪ >> from bloomberg world headquarters, i am david westin.ry: and i am shery ahn, welcome the "bloomberg markets: balance of power". here are the top stories of the hour, lloyd blankfein is said to be stepping down as head of goldman sachs by year end, the candidates replacing him are two down. president trump plans to meet with kim jong-un by may, with the whole world watching and hoping for a breakthrough. tariffs or not? tariffs on steel imports, but nafta partners and some other friends of united states i get a pass. ♪ shery: lloyd blankfein is a really ready to step down according to the wall street journal, and we have been talking about this -- the head of gdm

. ♪ david: i'm david westin. i'm shery ahn. the dow holding onto gains of 4/10 of 1%.00 is basically flat at the moment your telecom and utilities are the two factors weighing the most on the index. we have seen the tech sector turn red. it was a little bit in the green. we have twitter and facebook continuing to fall over risks of regulation companies in the u.s. and overseas. put her down more than 11% of his put down 5%. bloomberg politics., or bloomberg.com/politics, get the latest on global politics every day. and a programming note. bloomberg markets balance of power will move to 12 noon eastern time. same political insights, just one hour earlier. >> in the meantime, keep an eye on tv for all of the .nterviews on bloomberg more is coming up. this is bloomberg. . more is coming up. this is bloomberg. ♪ scarlet: it's 2:00 in new york and 6:00 in london. julia: welcome to bloomberg markets. scarlet: live at bloomberg world headquarters in new york. here are the top stories we are covering. missing in action. lawmakers demanding answers from mark zuckerberg as

david: from bloomberg's world headquarters in new york, i am david westin. me to "bloomberg markets: balance of power." david: here are the top stories we are watching. germanyed states joins and france in condemning the nerve agent attack in england and imposes sanctions of its own on russia. republicans are regrouping. a democrat wins a house seat in pennsylvania, we discuss what the gop can do to hold onto the vote come november. and we will talk with on a trade tim ryan with china, who has been on the front lines of globalization. ♪ shery:

i'm david westin. shery: i'm shery ahn. welcome to "bloomberg markets: balance of power." are the top stories we are watching at this hour. change at state. rex tillerson reads on twitter that he's been fired by president trump, who wants the cia director as the new secretary of state. the first woman to head the cia -- her confirmation may not be a sure thing. pittsburgh goes to the polls. voters in pennsylvania's 18th todayct had to the polls today. to the polls shery: equity markets mixed as we await the result of the 30 year treasury auction. abigail: we are seeing wishy-washy trading here on

. ♪ david: it is noon in washington and 5:00 in london and bloomberg world headquarters i am david westincome to "bloomberg markets: balance of power" with a focus of the intersection of the politics and economy. david: it isn't over until it is over, the possible trade war was subsidizing, and the president can curtail dealings with china and secretary ross says curves on chinese assets are on the way. and kim jong-un's excellent adventure, the leader reportedly traveled to china for the first time. could this be the train and his home away from home? and a exclusive interview with the commissioner of the mba, adam silver, and to talk about legalizing sports betting in the u.s. ♪ shery: another day of gains in u.s. equities and with a check of the

david: and i am david westin. welcome to bloomberg: balance of power.w are republicans feeling about president trump's push for more tariffs and what are the chances for tax reform part two? kevin brady joins us in moments. suv,dillac unveils its new is the company worried about whether tariffs will hurt its business in china? we will talk to the president of cadillac. speaking of china, president xi has just posted north korean leader kim jong-un. is china 100 -- 100% back on north korea side? we will -- north korea's side? we will discuss. ♪ shery: let's get a check of the major averages.

i am david westin here in new york state. my colleague alix steel is still done in houston. is going to be the question -- that is going to be the question. a whiteyou think about house and u.s. presidency without gary cohn and more ramped up trade war? i will be talking to joe kaiser, ceo, talking about the biggest manufacturing company in how it affects his thinking. the market reaction is very interesting this morning. markets feel relatively calm. euro-dollar is now unchanged on the day. we are now flat. in europe you're seeing very strong buying, but everywhere, spain, it is portugal or not something you would associate necessarily was a safe haven bid, and oil up by 8/10 of 1%. that is more of an idiosyncratic issue. for more we are joined by mice -- by michael mckee and bloomberg's taylor riggs, and gina martin adams. gina, i want to start with you. you wake up this morning, comment, and futures are down 300. how does this change your view with a no-cohn white house? >> it doesn't, not yet. i think there is elevated trade policy risk. out andthis is playing we're in t

or at david westin.berg. ♪ ♪ julia: dropbox debuts on wall street today, raising $756 million after its ipo price above range. joining us is our bloomberg reporter. great to have you in new york. what kind of confidence does it take for a company like this to raise the band and then prices higher, particularly in these markets? >> you have seen the big tech selloff and volatility fight -- climbed to 30%, which is not a friend of ipos, but dropbox got it above the last range, which was increased from their initial marketing range. i think some of the demand this a, it is a big tech stock. you have not had a lot of is, the second-largest silicon valley to price and ipo this year. also, a name that has a decent financial profile. this is a company that not only has more than 30% growth on the top line, revenue at $1.1 billion last year, but they are cash flow positive. not only are you potentially betting on a growth tech stock but you have more risk aversion with nicer numbers on the bottom line. david: wh

washington, i am david westin. shery: here are the top stories we are watching at this hour. joins us and what she says about the impact of tax cuts and tariffs on small business. democrats on the verge of snagging a house seat in pennsylvania. a surprise performance but republicans on edge of keeping their house majority? and the u.k. takes aim at russia, threatening to freeze assets following it attack on a former russian spy. vladimir putin says he will retaliate. we'll have the latest. ♪ david: president trump has made economic growth is top priority from the beginning and his or billy said that small businesses across the country a

am david westin. shery: here are the top stories of the hour.house, national security adviser h.r. mcmaster be next? we have latest on staff turmoil and the mueller probe. and a permanent extension of the tax cuts, we ask whether democrats in congress will get on board. and the continuing isolation of russia, the country facing international pressure over the poisoning of a former spy as president putin comes to a new term in this week's election. ♪ david: news continues to pour out of the trump white house with reports that national security adviser h.r. mcmaster will be the next to go, perhaps as soon as today.

i am david westin alongside alix steel, waiting for inflation. alix: women's apparel prices jumped the most on record, a huge mover in january. thank you to my mother. does that mean we will see a huge give back? that is what markets have been waiting for. here is how the markets stack up in the u.s. it feels like it is a little bit of a risk supported world. s&p futures up 6 points. it is a mixed session emerging. treasury market yields moving higher one basis point. we had that option yesterday. yields have to jump for it. 0.4% despite the fact upgraded their forecast once again. david: time now for the morning brief. we will get the latest inflation read at 8:30. at 1:00, the u.s. treasury department will continue their auctions. afternoon, president trump will take a trip to san diego to take a look at those border wall prototypes. in pennsylvania, voters head to the polls for a special election. dealr one, that broadcom stopped in its tracks by president trump. goldman sachs has named a successor for lloyd blankfein. in thethree, succession

david: this is balance of power and i am david westin.let's get a quick check of major averages. the s&p 500 rebounding after four sessions of losses, up to dance of 1%. tech the only sector falling but do keep an eye on volumes. the s&p 500 rebounding and the last time we saw this was back in december which was the busiest day of the year. david: bloomberg headlines come to us from mark crumpton. secretary steven mnuchin says he is not supportive of proposals to the organization for economic cooperation and development to single out they tech companies -- big tech companies. that are essential for job ration on economic growth and imposing taxes on the sector will harm workers and consumers. his remarks come after governments look to modernize tax laws and how digital companies make profits from users based on jurisdictions. mistake union must a unequivocal solidarity with the u.k. in the face of the nerve agent attack. the attack was and why by moscow and is rated at the agenda in next week's eu summit. a jury has convicted and iraqi te

betty: dallas for president of global markets speaking to david westin.interviews with our interactive auction, tv . that into functions we talk about and become part of the conversation by sending us instant messages during shows. this is for subscribers only. check it out at tv . this is bloomberg. ♪ betty: a quick check of business flash headlines. blackberry has joined a record quarter for software revenue underlying success for new non-smart phone offerings, beating estimates and topping even the most optimistic predictions. shares opened strongly in toronto and new york and then later erased gains. tpgi: a company backed by was to buy india's number two hospital chain and the business will create the country's largest operator of medical facilities with operations in the medical health enterprises will also sell a 20% stake in diagnostics provider to the combined entity. betty: hasbro says the force was not strong enough in the star wars push. the ceo says was a mistake to release toys think that the movie's release and the promotion began i

david: it is 1:00 in washington, 5:00 in london, and from book world headquarters in new york i am david westin at the power with a focus on politics and the economy. here are the topics of the hour, facebook data on 50 million users made its way to the trump cap and social media team and politicians on both sides are not amused. team, a newomic head of the pboc committed to stable growth and opening up the markets. and let's make a deal. negotiators to the terms and a transition agreement and agree to outline on what is to come after separation it now it is negotiating a trade deal. ♪ shery: u.s. stock markets steadily falling in today's session and here's julie hyman with the latest. it is

from bloomberg's world headquarters in new york, i am david westin.lcome to "bloomberg markets: balance of power." vonnie: here at the top stories -- trump on trade. he willident says import a 25% tariff on steel and 10% on aluminum. markets move on the news. the president says he wants to move quickly on guns. more and more companies take an initiative on their own. and remodeling the white house. communications staffer leaves, and 30 people lose their security clearance, with more questions about the president's son-in-law. david: we begin the hour with breaking news. president trump wrapped up a meeting at the white house with steel and aluminum executives, announcing he could impose a 25% tariff on steel and a 10% tariff on aluminum. people find next week. one of the ceos

. ♪ david: this is "bloomberg markets: balance of power" and i am david westin.ent donald trump scored his first revised trade deal with south korea and that deal announced american andmakers greater access, we await the list of chinese products but administration plans to impose tariffs on. navarros spoke to your -- peter navarro and got his take on this and gets of the deal. the big picture here is this is an example of a trade piece through negotiating strength and this is a deal that will provide tremendous stability. not just to the economic relationship, but the national security relationship. on that alone it succeeds. let's talk about the history involved here. the korea deal is one of the worst trade deals and trade history for america. worst is the china wto deal and the second is nafta. the korea deal, pound for pound went into effect in 2012. with hillary clinton and barack obama, we saw our trade deficit doubled in a few short years and couldn't export a single additional dollar to speak of over the course of that. it was so one-sided we lost thousan

i am david westin. welcome lisa. alix steel is out today. lisa: we hope you are all hanging in there on the east coast. let's get you caught up with the market action ahead of the u.s. open. you can see a little bit of a mixed teacher, the dax down about a quarter of a percent. as to be futures picking up into the green. the euro weakening against the dollar head of the ecb announcement in about 45 minutes. two-year yields up just a touch. david. 7:45, we are going to the ecb rate decision. at 8:30 a.m., we'll hear mario draghi's news conference here. at 8:30 a.m., will get the jobless claims. president trump will be meeting with members of congress and videogame executives and what are they going to talk about? guns. lisa: it is time for the bloomberg first take. three stories we're watching, the ecb, all about trade and sickness big deal -- and cigna's big deal. , i want toael mckee put of a chart of inflation. where it is, where it has been. where the ecb projection is going. but to what extent is that the story today? 2% goal, they fell

transparent as it can -- the company session plays a big role in influencing business decisions and david westinnd johnson & johnson ceo here's what he said about the relationship with the white house. >> it is important for industries to be talking to the government. having a relationship and understanding how important they are as a customer and a stakeholder is critical. i have had the opportunity to work with many presidents in my role in different administrations. it is only by sharing ideas and developing an understanding and developing appropriate partnerships in other areas that we can work collaboratively and solve the issues that we are talking about data entry here today. i would expect that to continue. with this demonstration there was outreach early on and there's issues we had to manage along the way. in the end i think it is going to be incumbent for all business leaders to try to engage in a positive way to bring about positive change. julie: we can catch the full interview with alex gorsky tonight at 9:30 p.m. your time right here on bloomberg. the crown prince makes his pitch,

david westin is in washington dc today.ple on the chopping block are in president trump's cabinet, working in senior positions at the white house. reportedly, rex tillerson did not even have time to get his coat. the president is saying, i am not done. maybe this is why the markets are reacting the way they have. alix: you can't price any political -- political risk. the dollar moved lower yesterday. you have to wonder if that filters into any policy movement. part of the business getting done in washington is bank deregulation, rolling back dodd-frank. a bill is pending in the senate. i will be speaking to the dean of securities and regulation in washington dc, a former chairman of the sec. boutill talk to - a regulation in the financial markets. alix: it feels very calm in the market. the zero dollar is pretty much flak on the day. -- flat on the day. recentraghi said strength had been driven by external factors. yield, a bit of selling on the back end of the curve. steady as she goes. jgb was traded over in japan. talk a

steve scalise of louisiana spoke with shery ahn and david westin about the earlier on bloomberg markets. rep. scalise: in the case of that race, it was an open seat and for a lot of our incumbents in swing districts they did vote to cut taxes for families, so families are seeing the benefit. but they are familiar with the work being done by those incumbent members of congress, representing their districts well and getting around and getting to know people, so there is an important factor that those members in the swing states have done a great job to represent their districts and all politics are local, so this is a blueprint, it is a wake-up call if you are not out there connecting with voters, not raising money, you will have a tough race. most of our members in the swing states are ahead of the curve and are taking care of that. and having a message that they are running on in terms of what we have done, to put more money in the pockets of the families and democrats have said, they said if they get the house back, if nancy pelosi is the speaker can, they will raise individual taxes a

i'm david westin. wednesday, it must be a nor'easter. >> 100% chance of snow tomorrow. who is going to go home tonight? serious one.s a >> let's see where we are trading ahead of the fed day me eting. euro-dollar a little flat. 10 year yield go nowhere. bonds selloff in europe. crude hitting its highest level since early february and i have the chart of the morning. i want to point out what is happening with the cable rate. look at the jump in sterling. wage growth the fastest pace since the end of 2016 and many say it is clearing the way for a rate hike. david: at 2:00 this morning, we get existing sales for homes data for the month of february 2:00 we get the federal reserve open market committee rate decision after which a jay powell hold a news conference for the first time at fed chairman. it is time for bloomberg first take. take us the top stories. the bloomberg economic chief economist. she had the team covering investing. i want to put up a chart. a line chart showing what the fed futures are saying is going to happen. ofhas it at 3.5 for the year 2018. >> basi

i'm david westin. you let it go all morning. let's get caught up on the markets. dax is having gains of more than a half percent. futures basically flat. the u.s. dollar weakening against the yen against quality. the german ten-year dropping after disappointing inflation data. it is time now for the bloomberg first take very three stories about what we are watching this morning. white house turbulence, the second market at a tipping point. the third, the week ahead at the g20 meeting and the fed. david: joining us to take this is lizzie. and also michael mckee. start with general mcmaster. there have been rumors that the president is not happy with mcmaster. we had a tweet coming out saying there are no changes. lizzie: that is a nondenial. there did seem to be some market reaction. >> we are getting in the heart of the national security apparatus. he is at a point where he is talking about going to north korea to talk to the dictator there. he has to deal with russia right now. also the sanctions on china. there is no net under the sky who doesn't know anything a

i'm david westin. you let it go all morning. let's get caught up on the markets. percent. futures basically flat. the u.s. dollar weakening against the yen

david: i'm david westin right here with ale alix steel.and how in a half before the cash open here in the u.s., s&p futures try to rebound from yesterday efforts were slide since february. -- facebookally really take a hammer and is really in neutral territory for the day. down goingdollar into the fed meeting. 2.87 is how we print on the 10 year. did not get the safe haven as we expected and crude decoupling from a risk off deal. i'm puzzled as to why and guessing it has to do with -- david: presen president trump greets the crown prince of saudi arabia. steven mnuchin will be holding a news conference down of the g20 in buenos aires. finally, we will get third-quarter earnings from the fedex corporation. alix: let's get an update on what is making headlines outside the business world. kailey leinz is here with first word news. ey: an explosion at a fedex facility in san antonio, but the word is that it was headed to austin. the trump administration is imposing heavy tariffs on chinese products as early as this week. the u.s. wants to cra

i am david westin. julia chatterley with us. better feeling in the market. julia: i was about the said, getting up. and as he rightly said, optimism in the market. let me take it to what we are seeing. happier monday for the european investors, talks are higher by half a percent, bouncing of levels not seen in a year. exports the key driver. and as far as steel and aluminum. watch the euro-dollar, currency strength does not help the exports, the best weekly gain. .47. the level, 124 u.s. futures are optimistic. and gains as far as futures are concerned after 6% losses last week. and interesting price action. 10 year yield stuck in the range of 284, a familiar level after another choppy week. david: just as we were coming on the air, russia it is said to 10e -- from at least countries come in response to the gas attack in the u k, european countries coming together for a response to russia and will be penalties from at least 10 countries on russia. also, the reports that president trump could kick out russian diplomat today from the united states. now we will

i'm david westin. wednesday, it must be a nor'easter. >> 100% chance of snow tomorrow.ous one.s a >> let's see where we are trading ahead of the fed day me eting. euro-dollar a little flat. 10 year yield go nowhere. you're watching

i'm david westin. elk still, is in houston. steel, is in houston.il ministers from opec are you have big thinkers. you have ryan zinke he coming the secretary of interior and the secretary of energy also. arebig question will be, opec ministers and u.s. shale producers meeting tonight for dinner? if anyone can find that out, it would be amazing. you talk about ryan zinke he and people like that, when president trump was elected you heard there was good to be a huge uptake because they were taking regulations off. did that happen? we did see regulations on margins. we feel that they won't get more regular's and that was how full to ceos. the tariff on aluminum and steel was pivotal. ceos have been buying u.s. assets, just not shale assets. there's also interest in libya and libya production. we will write down these topics with total ceo. when you look at what is happening in the markets, it is a risk off with futures down slightly. it is about digesting what is happening in the italian election. you have european stocks of .6%. you have italian bond

david: i am david westin along with alix steel. the brexit delisting news.eadlines coming through. a complete agreement on citizen rights and an exit bill. a large part agreed on the brexit treaty. we had been waiting for this. it seems to be a concrete agreement. david: and with big news regarding ireland. that was a sticking point. alix: also waiting for david davis to speak. in the market, you are seeing a reaction. if you take a look at sterling, 140. futures are relatively weak. nasdaq futures are putting pressure on the other indices. sterling, the big move there. a selloff across the bond market. deals getting hurt very hard. higher by three basis points. david: beside the brexit announcement, at 10:00 a.m., at&t will be facing off in court, fighting the deal to buy time warner. this afternoon, president trump will be delivering remarks on battling the opioid crisis at a college in new hampshire. and the g20 finance ministry starts two days of meetings. alix: let's get an update on what is outside the business world. >> it was a not very exciting land

i'm david westin. quite a day. julia: you say things are perking up.u a look at what is happening now. despite the losses we saw in yesterday's ascension, the epicenter, the nasdaq, 3% losses . we are seeing green on the board in the futures. s&p higher by .25%. the nasdaq a little bit more tentative at .1%. plenty of time to go for the market opens. significant weakness at the back end of the session, so i'm counting myself. even with the declines we saw yesterday, not knocking out the gains that we saw earlier this week in the nasdaq. just some really choppy price action. now the 10-year, 2.77. once again below the 50-day moving average. oil under some impression. rises in some american stockpiles. david: time now for the morning brief. we will get a third reading of u.s. gdp for the fourth quarter and wholesale inventory data with a month of february. at 10:00, february pending home sales numbers. and in some time today, a list of products included in the president's 301 terror initiative. let's get headlines on what's happening around the rest of t

i am david westin with alix steel.day and you can see the impact of what happened once president trump tweeted. pickingar is lower, and up steam to the downside, euro-dollar modestly higher, despite german elections and the dollar is dropping like a stone on that tweet. no one knows what to do about treasuries. if you want a safe haven bid in the bond market, you have to go to europe. sovereigns are well bid there and crude oil softer on the day. but truly illustrates the trump tweet is dollar-yen, already with significant pressure because you had the boj laying out some kind of timeline for a taper further monetary policy program in april the 19th but continue to the downside to the drop, when the tweet hit. david: it was not just the markets reacting to all the news about tariffs, but a reaction from capitol hill and the fed. >> there are many approaches to dealing with the cost of globalization but protection is a dead-end. trade restrictions address the symptoms and not the underlying problems. >> as chairman berna

i am david westin. welcome lisa. alix steel is out today.there on the east coast. let's get you caught up with the market action ahead of the u.s. open. you can see a little bit of a mixed teacher, the dax down about a quarter of a percent. as to be futures picking up into the green. the euro weakening against the dollar head of the ecb announcement in about 45 minutes. two-year yields up just a touch. david.

i am david westin alongside alix steel, waiting for inflation.ord, a huge mover in january. thank you to my mother. does that mean we will see a huge give back? that is what markets have been waiting for. here is how the markets stack up in the u.s. it feels like it is a little bit of a risk supported world. s&p futures up 6 points. it is a

i am david westin here in new york state. my colleague alix steel is still done in houston. is going to be the question. a whiteyou think about house and u.s. presidency without gary cohn and more ramped up trade war? i will be talking to joe kaiser,

i am david westin. alix steel is down in houston.t not so secret dinner. did you find it? alix: we did find it, amazing reporting and sleuthing from our team down here. you had secretary-general down