markets are falling today, here is abigail doolittle with more. >> we do have declined for the major averages on this friday. dow, s&p 500, nasdaq off roughly lower with the s&p 500 and the dow down 1% or more. the nasdaq is outperforming a little bit but still with a decline. lots of fears around the possibility of a trade war as rhetoric steps up between president trump and china. a disappointing jobs report, not helping the picture. on the week, looking at weekly declines for the s&p 500 and the nasdaq, the dow is on pace for a small weekly gain. a few more hours of trading. p, s&p 500,the ima

abigail doolittle, thank you. let's put financials of the focus is the second quarter gets underway. wasserstrom, having just initiated coverage of the u.s. and server specialty finance sector, interesting names for the nice of american it -- with the likes of american express and sigourney. eric, you have a contrarian view. explain to us this issue. mr. wasserstrom: thanks ravi having me. it's great to see you. our view is that on the one hand, growth may be more constructive than the broader market is looking for, in part because a lot of our proprietary survey data points to continued sustained demand for debt across all consumer demographics. that some of the underlying credit performance may start to deteriorate, which i think is very contrary to the benign narrative in the market currently. vonnie: gave a story today that subprime borrowers are disappearing from auto shows, for example. are you seeing cracks and where is the data show you that? mr. wasserstrom: the primary area we are looking at, and our cre

abigail doolittle joins us with details.il: they beat earnings by 45% to put up $.65 per share in adjusted earnings. billion in $1.67 revenue, beating by 33%. thatd this big growth, grew by 22% to nearly $450 billion. behind that, both financial appreciation and fundraising, some of the volatility in the markets, the ceo indicated that is helping them attract more ofs as they want this stability from these investments. bloomberged into the and use the dashboard, we will see how positive the market reaction is. shares up in a big way, 3%. the volume is much stronger than average, up 200% above the two day moving average. the possible warning is valuation at a 19% premium. when you compare that to the s&p 500, still really attractive. vonnie: what about future private equity opportunities? abigail: a great question. i moderated a panel on private equity last year and the question was where did they put the dry powder and the focus over the next couple of years will certainly be the prudent deployment of that capital in the u.s

abigail doolittle joins us.e was lots of pressure on whether they would be a look to put up a solid model three reduction number. they produce 2020 model 3's, a little less than expected but less bad than feared. they put up more than 8000 cars for the quarter. overall, production numbers for all of the model 3's and others are very strong. if we hopped into the bloomberg and look at g #btv 243 one, this was best quarter ever. they produce 30,000 vehicles. , andis really strong looking forward, elon musk promising accelerated growth for the model 3, promising that within three months they may produce 5000 vehicles per week, even though they haven't quite hit the 2500 per week production number. nonetheless, it is about vision and growth. theie: great story on bloomberg on him sleeping at the factory. maybe that was behind some tweets. create energyn there. they talked about how they managed to get through. stock'saround the sentiment. you hear about the ceo sleeping there to get it done, but the stocks moved in

right now, sky 7 is live near the oakland airport over doolittle drive and langley street. sheriff's office says four vehicles were involved in the crash. you can certainly see the wreckage of a couple of them right there. that got tangled up. this possibly happened when one of them trying to make an illegal u-turn. a driver was killed. doolittle drive is closed between harbor parkway and rental car road and pan over and see two other cars. so four cars involved. this could take a while to clear. on the way to the airport, try to take another route. >>> the food and drug administration has approved a first self-tipting contact lenses. the oasis react to sun's ultraviolet rays and darken in bright light and return to normal tint when the user moves. they're set to hit the market next year. >>> coming up, lauren hill is back. the summer tour she just announced t up. >> next right this minute. >>> money on the sidewalk. >> obviously you have to pick it >>> lauren hill is returning to the road this summer and stopping here in the bay area. this tour celebrate it is 20th anniver

use the 2 or go down to otis and doolittle. traffic looks okay on the san mateo. now let's get back to the desk.>>> federal safety investigators are not happy with the tesla, on friday tesla released information about the model x crash from march 23. >> leigh martinez has more on what tesla says it uncovered. >> ntsb is conducting an investigation into the fatal crash but on friday tesla released information saying that it can confirm the driver in the crash was on the autopilot feature and the driver did not have his hands on the steering wheel. the accident happened friday, march 23 at 9:27 in the morning on highway 101. the driver died at the hospital after crashing into a concrete divider. tesla recovered the computer logs and the logs confirmed the driver was using the auto pilot future, the driver was not holding the steering will when the car crashed into the concrete barrier and ignored warnings to put his hands on the wheel. ntsb says tesla cooperated in a previous investigation in 2016 of a model s in florida but they

abigail doolittle has details live.ing up with why the stock is down so much, a kit -- a terrible first quarter. let's hop into the bloomberg to see what the revenue growth looks like. you can see this chart, revenue growth for the first quarter off in a big way, down more than 15%. milliont a hundred $12 relative to last year's $68 million profit. toys "r" us bankruptcy having a lot to do with it. we have weakness out of europe, but with the stock trading higher, one piece of that could be the fact that the company reiterated their profit operating margin for 2018 despite the fact that segment after segment for the first quarter was lower. bloomberg intelligence analyst merriam is saying it looks like a near-term left. vonnie: how to they work their way out of this and work passed the toys "r" us bankruptcy? the ceo said they are going to be able to fill that distribution hole with walmart and target. both of those companies may pick up more, also pharmacies in dollar stores. when we separate the fundamentals from the

abigail doolittle has the latest.

that was the basis on which those doolittle raiders were convicted. the army when in after they talk to those people, and they talk to the surviving crew and they did, and they we went and douglas logs out and they were from a japanese aerial machine gun. japanese fighter plane had taken a deflection shot at that bomber flying over and the kids whatot seen it, and it was had actually machine gun the school, but the japanese did not know it when they convicted these guys. they thought they were doing the the general and so got his two years in prison and they let him walk. it caused a firestorm in the united states. he go back and read the editorials, what has happened to american justice that we let this murder walk? the answer is sometimes those courts did what they thought was the right thing with all that rollsnce and with the because they brought in what they could. they tried to find the right answer. me about the trials of the people who did water-based interrogation. i did all those. they are very interesting. now let's move forward. murder,994

for more, abigail doolittle joins us from new york.t is always an extraordinary day when we go to you. what is through the session. they stands out that each stepped out for tremendous trade action, and today is no exception. today it is down modestly and the dow traded higher briefly, and then by midmorning strong selling pressure that built into the close. you can see big declines for the major averages, pretty each major average in that official correction territory. for each of those respective indexes -- continued uncertainty for investors. the possible trade war is a piece of that, and the bigger piece right now is that tech unwind. investors fearing regulation is ahead for some of the big tech and internet companies. this was the best sector last year up or than 35% last year and valuations are skyhigh. they're coming back down to earth but investors not looking that overhang. on the date the trigger appeared to be amazon with president trump going after amazon over the weekend and those shares are down or than 5%. and ceo mark

abigail doolittle joins us with more.ally nervous about the upcoming first-quarter they are going to report on may 1. nervous around that. out aboutlysts coming that with cautious comments. they guide just one quarter in advance. we have global action mixedading shares from deposit. asia, various wireless carriers, even one electronic thatler in asia suggestion the actual quarter that march could come in weak. we are looking at possible weakness for the march and june quarter. we can see why china is such a big deal. this is the sa function. in orange, you can see the overall revenue from the americas. in green you see china. that has been steadily declining. that is a concern that the chinese are not adopting the iphone x or upgrading to the 8 and 8 plus. that could be a negative for the company. vonnie: we see winning icon demand coming up periodically. abigail: you are right about that. we have been seeing this on and off for a few months. i think it is the proximity to the upcoming earnings report. semiconductor,an wh

abigail doolittle is here with details. >> a relief rally for stocks. we are the major average in the dow, s&p 500 and nasdaq solidly higher. this as investors are relieved that perhaps there will not be an all out trade war. paper, the third day higher. best three-day winning streak since the middle of february. buyers are starting to take control. if we hop into the bloomberg bell and take a look at the real story. beneath these gains it is all about intraday volatility. tuesday started off on a bearish note and we had a bullish reversal. 9668.s last year we see this s&p 500 spread between the high and low. the intraday smooth relatively small. this year we see these massive moves higher and lower on the below thehe high spread with the s&p 500 closer to 39 point. lots of activity and volatility on the part of investors. typically volatility breeds more volatility. we are likely to see a change until it results in these uncertainties on a possible trade war, what is ahead for many other issues. let's go to the big map names. 3%. the bigger movers up a

abigail doolittle, paul sweeney, thank you to you both. lots to cover next week when apple reports.-mobile and its german owners are advancing toward a bill that deal that would advance spread. talks could fall apart. previous discussions broke down last year after the two sides could not agree on how to structure control of the combined entity. coming up, we caught -- caught up with the intel see -- cfo after the solid scorecard. what he have to say about the company investment in storage. if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, in the u.s. on sirius xm. this is bloomberg. ♪ emily: after a tough few weeks for big tech stocks we are seeing a rebound. results this week from some of the most valuable tech company's and the world went a long way towards proving naysayers wrong. that includes intel. growth has become a key indicator of performance. early today, bloomberg markets caught up with intel cfo bob swan and started on the data center. we have beent experiencing for the last several quarters and we expect the rest of the year is

. >> reporter: we are on doolittle drive. we are a mile north of the oakland airport. if you look behind me you can see the scene of the crash. on the other side of that is alameda. as you mentioned four cars were involved. this happened about 10:30 this morning. two male drivers, two male drivers ages 20 to mid 80s were driving these cars. female driver and male driver has been hospitalized. the one female was an adult and she was killed in the crash. here's the pio from oakland police. >> there were four drivers involved in this accident. and we do have one fatality involved and really there is no other information because it is an on going investigation at this time. there is no determination of cause at this time. >> reporter: because it was a fatality, a number of oakland pd vehicles here, oakland fire, alameda county sheriff as well. to word on a cause because it's just too early. all four cars as you can see behind me are still at the scene here and sad hi so is the body of the victim as they try or are waiting for the alameda county coroner to extract her from

. >>> a four car crash at the oakland happened around 10:00 this morning on doolittle drive near langley street. police still haven't said what caused that collision. the east bay times is reporting that the person killed was a woman. authorities, though, have not released her name or age. >> there were four drivers involved in this accident and we do have one fatality involved and really there's no other information because it is an ongoing investigation at this time. there's no determination of cause at this time. >> doolittle drive was closed between harbor bay parkway and rental car road for several hours while police investigated. >>> san francisco is preparing for the unofficial marijuana holiday known as 4/20 and for the second year in a row the city allowing sponsors to ease the coast. >>> a new study comes out warning of the dangers of the hayward fault. >>> and in weather lots of cloud cover today but the clouds starting to break up. there's a weather system right now that could trigger a few showers across portions of the bay area. we are watching it, we will break down the ti

richard abigail doolittle.bigail: we do have investigators waffling, only the dow higher of the s&p 500 and the nasdaq are lower as you can see. the tech heavy nasdaq really underperforming, down .5% and earlier today, the nasdaq had been up about .7%. some intraday volatility that was foretold possibly by the dow transfers turning down earlier. if we take a look chart of the s&p 500, we are going to see the fact that the s&p 500 is near session lows but last tuesday we had a big drop on capital or comments that some investors took for the first quarter being as good as it gets and then up last thursday and friday about flat, we have been higher for the s&p 500, but now down your session lows as investors are again a little uncertain. lots of factors to contend with, including big earnings reports, apple tomorrow after the bell. on the day, let's take a look at some of the booze and the drags as far as the boost, take a look upthe oil refining company on the news that marathon petroleum is buying them for $23.3

this morning on doolittle drive near langley street not far from oakland airport. police still haven't said what caused the accident. the east bay times is reporting that one person was killed and that that person was a woman. authorities have not released her name or her age. >> there were four drivers involved in the accident and we have one fatality involved and really there's no other  information because it's an ongoing investigation at this time. there's no determination of cause at this time. >> doolittle drive was closed between harbor bay parkway and rental car road for hours while police investigated. >>> and in fremont, the highway patrol is looking into what caused the deadly accident there. it happened just before 9:45 a.m. on north 880 near south fremont boulevard. one person died at the scene. at least two of the northbound lanes were closed. no word yet on what caused the accident. >>> richmond police identified a man suspected in one of three recent homicides in that city. investigators say 40-year-old vernon dowell is suspected in the deadly sho

on doolittle drive near langley street not far from the oakland airport. the woman killed is now identified as 32-year-old crystal jimenez from alameda. police still haven't said what caused the accident. doolittle drive was closed between harbor bay parkway and rental car road for hours while police investigated. >>> caltrans held its fallen workers memorial in oakland today. the annual ceremony is to honor the caltrans workers who died while on the job on california highways. 188 caltrans workers have died while on duty since 1921. caltrans district 4 in the oakland area has lost 36 workers since 1920s. local law enforcement and transit leaders spoke at today's memorial ceremony along with a bay area radio traffic reporter. they all stressed the importance of highway safety. >> i have been pleased to observe that what was once an adversarial relationship between the media and this important public agency, i have watched that transform into a partnership. >> bay bridge tolltakers cissy hahn was honored at the ceremony. she was killed by a suspected drunk

abigail doolittle joining with more details on the story.gail: they put up a much better quarter than expected on an adjusted. basis. they put up a surprise profit, and investors are looking past that because they beat growth margins by 20 points. if we hop on to the bloomberg, this is a terrific way to see what is going on. oaring,the stock s and it is or than the thousand points about the average. most analysts are saying these results are shown the company is moving in the right direction. evaluation is not so hot, but there is to point out here, today with the huge second volume suggest this is a short squeeze. of those short getting out of the stock and perhaps a turnaround is on the way, but we need to see a few more quarters of the company moving in this direction. i want to point out that the company handled 40% of the mobile service networking globally. that is amazing. eetnie: worked as the stret weigh in? encouraged,y are but they have to see more signs of that stability. vonnie: still ahead, electric shock, g getting a boost from

alguaciles del condado alameda respondieron a la escena en la calle doolittle, que estuvo cerrada entrengley hasta harbor by parkway.... --- el tramo cerrado fue reabierto alrededor de las cinco de la tarde. anuncian el cierre de varias tiendas por departamentos en el area de la bahia ... enterese si su establecimiento preferido cerrara sus puertas!!!! ---continuan los preparativos para el viernes... el famoso 4/20 .. esperado por algunos ... le contamos.... -- en noticiero telemundo 48 -- agentes de ice confirmaron que hoy realizaron arrestos de inmigrantes en la ciudad de milpitas... -- los agentes de "ice" detuvieron a personas que ya tenian una orden de arresto. -- estos operativos tambien se extendieron por todo el estado... -- aun no se ha informado cuntas personas fueron detenidas... con un mensaje en tweeter, el presidente donald trump volvi a arremeter contra california ... trump escribi y citamos "hay una revolucion en california. hay muchas areas que ya no quieren ser santuario y se quieren salir de este concepto ridiculo e infestado de crimen. jerry brown est tratando de sac

markets are falling today, here is abigail doolittle with more. >> we do have declined for the majorverages on this friday. dow, s&p 500, nasdaq off roughly lower with the s&p 500 and the dow down 1% or more. the nasdaq is outperforming a little bit but still with a decline. lots of fears around the possibility of a trade war as rhetoric steps up between president trump and china. a disappointing jobs report, not helping the picture. on the week, looking at weekly declines for the s&p 500 and the nasdaq, the dow is on pace for a small weekly gain. a few more hours of trading. p, s&p 500,the ima all 11 sectors are lower and industrials, not surprisingly, some of the days -- industrial names, biggest, boeing, down, caterpillar, down. financials are lower as rates are falling. health care, utilities benefiting from the fact that rates are falling. the dividends look more attractive when yields are falling. the kleins for all of the sector -- decline for all of the sector. they were stocks in the s&p 500, apple and berkshire hathaway, the two worth -- worst stock from a point drag, nothi

julia: abigail doolittle, thank you for that. let's get a first word news update with mark crumpton. mark: the u.s. supreme court is about to take its first look at a trump administration policy. courtnesday, the high will hear arguments about president trump's ban on travel from some countries with majority muslim populations. in december, justices hinted they would uphold a travel band when they issued an order letting it take full effect during the legal fight. secretary-general antonio guterres says a retreat in sweden with members of the deeply divided security council has "cool down tensions over syria." all 15 members. for a political solution. and are committed to overcoming obstacles blocking the delivery of you -- of humanitarian aid. colombian president and nobel laureate long one-mile santos said he has grave concerns about venezuela. his latin american neighbor continues to struggle with the collapsing economy and a political crisis. president santos spoke today to bloomberg television. >> venezuela is on the bridge

abigail doolittle joins us now. >> a big move there by brian over at morgan stanley.ted twitter yesterday and those shares, a really great day today on this upgrade. he is bullish on the fact that they will be migrating to handling their own payments ander than using say paypal other vendors. he feels this could really add to it. that is the positive call. in a way, it is a call on earnings. joe: whatever we talk about fake tech companies, we affect their not part of it. >> that is a great point because i think we should. a couple of years ago, we were negative on ebay, sort of the slow old one relative to amazon, but this stock has more than doubled since 2014, slowly but surely climbing. they do report next week and they're looking for big growth, 10% on the bottom line, 17% on the top line. a lot of good things are going on. plus, valuation. you were going to pull up a function for us and i appreciate that. gd function, the graphic dashboard and i love it. it outlines exactly what is happening with the stock here. we see that valuation, 53% discount for peers, and

let's get to abigail doolittle for more detail.it of a selloff on her hands. intraday volatility yesterday. today, it is turning into a bit more of risk off your noticeable pullback, three major averages, each on pace for the worst is a perfect. behind me seems to be jitters around the current earnings season as many companies are beating. there is a but for many companies causing the shares to slide. also from a macro perspective, the 10 year yield higher, earnings today sending some investors and traders wondering what a bigger move up in yield could mean. what it be a big price of an could that turn into a deeper correction for the dow? relative to the dow, now leaned back and corrections territory, this is a five-day chart of the dow. the dow has been down each of the last five days, steadily lower and dropping by 3.4%. first i didn't slide -- five-day slide for the dow. despite the big selloff we have seen on daily basis earlier this year, it was not back-to-back. it is something to pay attention to. dow weakness has to do wit

chopper 5 was over the scene at doolittle at the oakland estuary. a call came in at 10:40 a.m. the cause of the crash is under investigation. >>> a traffic alert in fremont. deadly crash has three lanes of northbound 880 blocked in south fremont boulevard. the crash was reported at about 9:45 a.m. you can see the traffic backup here from chopper 5. right now, no estimated time of re- opening those lanes. >>> as many as 15,000 people are expected to visit golden gate park on friday to celebrate "420". it will be the first "420" since marijuana became legal in california. new at noon, kpix 5's jackie ward explains that doesn't change how the city is preparing for the annual event. >> reporter: it's a new twist on an event that san francisco has hosted for decades, legalized pot. that doesn't make a difference to city leaders who are doing what they can to keep the city and people safe. >> love it or hate it the historic "420" festival is not going away. people from all over the world will continue to visit our fair city for this event and probably will for years to come. >> repor

from chopper 5 you can see four cars banged up and firefighters on the scene on doolittle drive and langley street. the crash happened at 10 a.m. today. it's not clear what led up to it. >>> a deadly crash in fremont blocked lanes of northbound 880 for three hours this morning. the chp said a black sedan crashed into a green suv near south fremont boulevard. the suv flipped over multiple times. a passenger died at the scene. >>> other bay area headlines, flames shooting from the roof of a san jose home this morning. a family of five managed to get out safely. firefighters were called to the home on half pence way at 5 a.m. nobody was hurt. >>> we learned the 18-year-old driver who hit a plain clothes police officer in san francisco was driving without a license. after the collision on eddy street yesterday afternoon marissa andruvicl faces felony charges. she did not -- andruvich faces felony charges. she did not stop police say. the officers has been released from the hospital. >>> also in san francisco an elderly woman died after being hit by a car yesterday morning that. woman was in a c

abigail doolittle joins us to talk about what is going on in terms of price action.il: there are some factors behind this, it is intuitive to have these selling off on a potential trade war, but first we have the perception hitting the stock movement relative to the company this could potentially hit their bottom line and revenue. take a look the financial analysis to see what caterpillar actually sells, machinery community and transportation business, with 95% of it as construction and industry, so that could be a solid hit for them in terms of the big machinery, if there is a trade war it could hurt the demand and also hurt the input costs. so it could be a double whammy for them. right now, going back to that perception, it is an overhang of uncertainty. we do not know what is ahead. this is a trait of words more than actual tariffs, but the possibility in the overhang that something could hit the bottom line and the, that is hurting shares. julie: industrials, because of the selloff, not just with caterpillar but some of its peers, we see that definitely playing

more doolittle history of armenian transparent elections have not been a hallmark very often after elections there have been protests and rallies on the streets and your ability to leaders in those countries from a lot of legitimate see this is one of the reasons why there is a much indignation it is the kurdish authorities ok not eg many thanks for that not exhibit he on in yet of on. a court in belgium has sentenced a key suspect that slum to twenty years in prison the twenty eight year old is the last surviving suspect from the twenty fifteen parents terror attacks which left one hundred thirty people dead he's currently being held in a french prisoner waiting trial in connection with those attacks the ruling in belgium today was for his part in the dramatic shootout with police that had to his arrest. at belgium's palace of justice to slam receive the maximum twenty year jail sentence for his role in the police shootout just before his arrest in brussels two years ago and accomplice was handed the same sentence but neither of them were present for the verdict the lawyer representing the

abigail doolittle is back with us, let's give it another shot. the stock selloff today, focusing on what may be ahead for stocks. and at this time, the three major averages, plus the small cap all down sharply. down 2% or more, the worst day since february 8. and a lot of reasons to consider this as part of the bearish volatility we've seen this year. on the year, the major averages are lower, s&p 500 down on the year and its worst decline since 2008. because of the bull market we have been in and of the concerns on the d.c. drama, the regular should of big tech and a potential trade war with china, china imposing tariffs on pork effective today. the list is a, the stocks are not climbing a wall of worry. this could suggest that investors think that the corporate profit outlook could change despite the recent tax cuts. we have been looking at technicals all year. let's get into the bloomberg and it take a look at the technicals. this is a six-month chart of the s&p 500, the last part of the beetle uptrend last year, above the moving averages. and

abigail doolittle is here. what has been going on? >> declines after three days of gains. lots of volatility on the week. do with the possibility of a trade war. trump did ask his staff to consider a tariff against china. china said they will go to any lengths to fight this trade war. investors are jittery on this. let's take a look at a five day chart. there going to see despite massive swings of stocks we do have s&p 500 of 4/10 of 1% on pace for a second week in a row, higher on monday, down on amazon. some mixed action. we have been down on the possibility of a trade war. a possibility it is not going to happen. on the week we are slightly higher. let's take a look at those industrial names impacted. down 1% on the day and year as well sharply lower. these companies could be affected from decreased demand and the possibility of rising input prices. relative to what could have sparked president trump wanting his staff to consider, if we hop into the bloomberg and take a look at a chart you can see this in the bloomberg. foree the trade gap february missed estimates. is

abigail doolittle. >> you are right. we have stocks trading higher well off the highs already.

hello and welcome, i'm abigail doolittle. this is your weekly review of the most important business news, analysis, and interviews. let's start with a day by day the top headlines. western allies uniting to punish russia for the nerve agent attack on the spike in the u.k.. u.s. coming down on russia in response to that -- the european council president said that 14 eu countries will expel russian diplomats. house has taken action to retaliate to the poisoning of a former russian spy in great britain, ordering russian diplomats to leave the u.s.. -- been looking forward to seeing positive corporation. instead, they got these expulsions. i think the kremlin is going to respond in kind. at the same time, i think it has lost more hope that they can find a way to work with donald trump after so much hope was expressed after his election. there is no shortage of superlatives for the game today. s&p 500 making its biggest one-day gain of august since 2015. -- biggest weekly selloff in two years. >> the trade issues, broadening of tr

dayes are volatile on the .n a report abigail doolittle has the details. we are positive again.ight about that. again, around by the news today, there was a report by buzzfeed saying they temporarily recalled production and last week, it was higher after elon musk put up 2000 cars per week and that would actually triple by the end of the quarter and we had sales numbers up and down today and before we came on., people hate to put tesla down. let's take a look and we see a produce aboutthey 25,000 cars overall. about 1500 of those or model three. for q1, that was a record number for them, 35,000 cars and a lot -- 8200 cars, so they are pacing and out. a longer-term investor and you really need to figure out whether or not they will sustainably be able to produce these electric vehicles in a sustainable way for the markets. >> something else investors obviously like -- pay close attention to -- >> that is a big piece of the story. i read a report that they burn cash more than $6,000 per cash per minute. that is extraordinary if the figure is correct. thinks they will have to raise

here is abigail doolittle. >> we have had some intraday volatility and we do

abigail doolittle tells us why.iam joint tom keene on bloomberg radio and said that if you do not own this stock, you want to become a shareholder 40 couple of reasons, the dividend yield, 3.6%, they will get paid to wait until they put up a turnaround and the biggest piece of this is free cash flow. he says it could be a lot more of what the street is looking for. we can see free cash flow story on ge, the financial analyst function, back in 2015, more than $10 billion in free cash flow, a drop in 2016 and last year about $3 billion. investors for 2018 are looking for $6 billion in free cash flow and he says that back are coming closer to 10 or $11 billion. if that is the case, it could mean that ge is a $21 stock. decisively above where we are currently and an interesting call. genie: -- mark: what does need to do to turn this ship around? >> that is a big question from a macro standpoint. they need to lift the curtain, he says, his exact language was that this company has been stripped down, they have new managem

abigail doolittle has been tracking the moves. this point they are small. not a lot happening.00 higher. nasdaq lower. we have seen the major averages weaved between gains and losses. investors are on hold ahead

abigail doolittle joining us for more. abigail: it is exactly what the bulls were hoping for.enues by 4.4%, strength coming from key sectors of aviation and health care. power was a bit of a problem, but their ceo said these he reaches there, so a lot of positive news out of to these results. and relative to guidance come maintains, ande fro another way to look at the positives on this, hop on to the bloomberg and see this chart using the gtv function. the default protection -- investors weighing out the worst-case scenario. it is another way of looking that investors are bullish on these results. kevin: i love that chart, because it leads me to the next question. whether the results specifically? results, perhaps an upgrade, and will have more response them, but if we don't want to the bloomberg can see where the street is right now. this is using the ge function, and it gives us a sense of what is happening here. we see the stock is up and volume is better than expected. we see 12 holds there, and they are on hold in the neutral position. jp morgan, not long after the earnin

abigail doolittle has more for us.bigail: it turned out to be a bearish day for the major averages. all shedding quite a bit today. down whiteavy nasdaq and more. underperforming down 1.3% and that points to the big drag, tech. funny enough, that was the worst sector from a percentage standpoint, but technology is a 20% weight and 50% weighting to the nasdaq. with tech down, that has really caused the major averages to slide. still higher on the wii, but really paring those gains in a big way. behind this, it appears jittery ahead of next week's slew of earnings for some of the big tech companies including microsoft, paypal, intel, facebook, pretty big declines there. investors nervous about what all of this could bring your dive was mentioning the weekly moves for the major averages, if we hop in, we can take a look at how this appears on a weekly basis. this can be used in the gtb library. we are looking at the weekly moods for the averages. the dow in blue and the s&p 500 in green. this is the second of we can erode

here is abigail doolittle. >> we have had some intraday volatility and we do have the major averages lower with the dow down more than half a percent and the s&p 500 down about one third of 1%. the nasdaq down. a big change from earlier when the nasdaq and the dow had been down about 2% on the lows with fears of a potential trade war with china. cooler heads prevailed and you can see that the russell 2000, which had been sharply lower, now up fractionally. some investors talking about the russell 2000 is the index investors want to go toward in the case of a trade war because most of the revenue of the smaller cap companies can to come from the u.s. a sense of risk off but smaller declines relative to what we saw before. map, at this point, for sectors trading higher -- four sectors trading higher. just seven sectors lower now. industrial on bottom with companies, investors selling on the possibility of a trade war with energy and materials up top. even though the declines are relatively small, investors are going to be more defensively natured sectors. tech had been the worst sector

david: breaking news as markets tumble on the first day of the second quarter and here is abigail doolittleo take us through it. abigail: stocks are tumbling and a selloff note best the dow, s&p 500, and nasdaq down and up just andtly for mixed action, now we see these huge declines. this is a familiar theme for the year or we had intraday volatility that has led to downside. is amazon as today shares are down 5%, the worst day on the year on concerns company could be regulated. of ais a continuation thing around facebook, and that is one of the big pieces of uncertainty investors arguing. it is having an effect on a sector composition standpoint. let's hop on to the bloomberg for grr on the s&p 500 for the year. not long ago, 10 of the 11 s&p sectors are lower and earlier today discretionary had been up of 3/10 of 1% and it is now lower. take a look at tech -- the fade and starting to it is very bearish they have all the sectors lower and may suggest the selling action could continue as there is really no sector to rotate into that is outperforming on a positive basis considering we had so

abigail doolittle. >> you are right. we have stocks trading higher well off the highs already. the dow is up .5%. the nasdaq up to tense of 1%. more averages up 1% or after earlier in the session being down slightly. following the session we have seen all year, recently continuing on the session, and one source of volatility is the stock. the philadelphia semiconductor index has been up more than 2%. let's dig into the stock volatility by going into g #btv 7755. this is a year to date chart of the stock. we are usually looking at 1% moves and the major averages. these are 2%. a lot of moves to the downside of 2% or more. volatilityt of considered to be a leading sector going to everything we use. if we look at the movers within the chip space today, we will see a rebound from yesterday, but one that is fading. intel had been higher earlier in the trading session now up .1%. this after yesterday, dropping about 9% at one point at the lows for the worst since 2008 on apple news that apple could be using its own in-house chips by 2020. today we have a rebound. chip space overall g

i am abigail doolittle.days since president trump announced tariffs against china, business leaders have been waiting the consequences of a potential trade war with china. it was a topic throughout the week on bloomberg television. let us start with sergio ermotti. he spoke with us at the china development forum in beijing. >> i think they start to get concerned. i think for the time being, the numbers are modest in respect of the impacts. we see the proliferation of these tensions on a bilateral basis. one will be good for growth 14 geopolitical reasons. so, while at this point in time, we do not see financial markets of being overly impacted by this protectionism waves, although i think if it keeps going on, it it could be very disturbing. >> the market selloff on friday was pretty severe. why wasn't it priced in? this has been flagged by the trump administration? >> at the end of the day, you look at this and how it is difficult to understand the corrections that are coming as a consequence of those annou

we have analyst rating, abigail doolittle with details. >> positive comments basically saying, anotherarter. million. around $244 we can put this into context and see, for this fourth quarter at $244 million, a rise up from last first quarter. lots of growth. he is aggressive in standing by this stock. it almost sounds as if he is done and to work or talked with someone. -- extra work or talked with someone. back into the bloomberg we see, stock is up 7% on the week. here in blue, the ceo based on mark zuckerberg's testimony, yellow is facebook, white is snap. we did get a lift from that testimony. another driver for snap could be the idea that advertisers could move away from facebook and alphabet. this is a much smaller revenue company so it could move the needle. reasons to be positive on snap, still below that ipo price of last year. vonnie: thank you. i want to point you toward live go on the bloomberg. mike pompeo's confirmation still underway, the senate foreign relations panel meeting. this is bloomberg. ♪ >> we need to do that well. ♪ ♪ york, 11a.m. in new p.m. in hong kong, 3

abigail doolittle joins us with details. abigail: they are positive on the stock.d is strong, plus limited supply. relative to that, that has something to do with the tariffs imposed on exported steel and aluminum. we can see the health of the u.s. steel over the longer term. since the election in white, u.s. steel is sharply higher on expectations shares would be put in, and that the focus was on shale, kind of trading down. and then shares are now outperforming 73%. piece of the positive news, with longbow research a top pick. steel is into the earnings season. david: thanks so much. when the administration announced plans to impose tariffs on $50 billion worth of chinese imports, china was swept to say they would respond with nebraska'ssoybeans, most popular cultural export. we welcome now the governor of nebraska, who comes to us from washington dc. we just saw you at the white house. you got a shout out from the president. i want to play it now. >> hello, pete. -- nebraska,ks folks. he never liked me untold we met. -- until we met. [laughter] liked me.speech a

let's get to abigail doolittle.bigail: the isn nonmanufacturing composite for the month of march is coming in at a slight miss. the survey had called for a reading of 59. this is relative to february. andht decline from february also a slight miss. similar to what we saw for the manufacturing isn earlier this week. anything above 50 does signal economic growth. not a lot of growth here on this wednesday. the dow, the s&p 500 and the nasdaq all lower. has to do with -- this has to do with peers around a potential trade war between the u.s. and as china has new tariffs on soybeans and automobiles. aircraft among those tariffs. investors not liking that uncertainty. where we are releasing some pain , the commodity complex. commodities down sharply on the day. tariffs against u.s. soybeans on pace for the worst day since 2015. industrials also getting hit. pretty steep declines here. on thisn on the year threat that seems to be steepening. on pace for its worst day since 2015. bulls are having a really hard time recentl

let's get a check with stocks with abigail doolittle.n our: we have a rally hands, the three major averages are up sharply. instead of this rally being at the end of the day, as has been the case on tuesday and wednesday, we have been higher all day and lots of relief of the possibility that a all out trade war is not in the horizon. buying on the weakness we saw earlier -- two bullish reversals in a row. the dow gaining 900 points, and on pace for its best three days following the big brexit selloff in june of 2016. and the s&p 500 on pace for its best three days since a presidential election in november 2016. down,t huge swings up and and it is a risk on picture. the question is will it last? this is a chart of the trade gap. you can see this on the bloomberg by going to gtv . -$57.6 billion, and you will notice that during president trump's taking office, asked elderly -- it has steadily gone down in the wrong direction. whether or not the rhetoric of a trade war stays in place, i don't know. icad inside president trump to take ac