jes staley's larry fink -- s larry fink said there could be a downside.ng from political fatigue? you shall look away. prime minister may in parliament to invoke snap elections. good morning. i am jonathan ferro alongside david westin and alix steel. 24 hours the pine -- defined by capitulation. is, conviction about at the start of the year, you fold in the last 24 years. up for basis points. features, a little firmer. -- up four basis points. the result is wednesday morning. alix: 10:30 a.m., u.s. crude oil inventories, one-week low. speaking.sengren 2:00, the beige book. does it confirm the lack of reflation in the last with four hours? morgan stanley did much better than predicted with fixed income trading a beating goldman sachs. -- beating goldman sachs. joining us is allison williams. what are we missing? allison: it is good. as far as fixed income, a little into better than goldman, only the third time it has happened in the last decade or so based on the numbers were looking gap. david: because they did so good and goldman did so bad? allison: a b

larpy fink. -- larry fink, chairman and ceo of blackrock, international.reet week" will be right back. online u.s. equity trades... ♪ ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ maria: it's being to be a big week next week. we could have a healthcare bill on the table. a lot of economic data. consumer confidence. pending home sales. consumer confidence. all key indicators to watch. and we are in the first quarter earnings. caterpillar, general mountains, all reporting their first quarter. amazon and microsoft coming up this week. congress gets back to work this tuesday. house speaker paul ryan says congress could vote on healthcare as early as this coming week. friday april 28 marks the ends of the continuing resolution to keep the government funded. unless congress meets an agreement government will shut down on april 29, which is the 100th day of president trump's presidency. that will do it for us on "wall street week." have a great weekend. tune in next week for a must-see episode. i'll see you

larpy fink. -- larry fink, chairman and ceo of blackrock, international. "wall street week" will bebebebe earning your cash back shouldn't be this complicated. yet some cards limit where you earn bonus cash back to a few places. and then, change those places every few months. enough with that! (echo) with quicksilver from capital one you've always earned unlimited 1.5% cash back on every purchase, everywhere. welcome to unlimited. what's in your wallet? maria: it's being to be a big week next week. we could have a healthcare bill on the table. a lot of economic data. consumer confidence. pending home sales. consumer confidence. all key indicators to watch. and we are in the first quarter earnings. caterpillar, general mountains, all reporting their first quarter. amazon and microsoft coming up this week. congress gets back to work this tuesday. house speaker paul ryan says congress could vote on healthcare as early as this coming week. friday april 28 marks the ends of the continuing resolution to keep the government funded. unless congress meets an agreem

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blackrock ceo larry fink sees "warning signs" for the u.s. need validation that the economy will stay strong. we will have more from his interview with bloomberg television. morgan stanley posting first-quarter numbers that beat

larry fink: i would not say that.ould never predict that type of future because i don't know what is going to be in the future. eric: you know something. inflowsnk: we saw huge in the fourth quarter. it carried to the first quarter. we always talk about the wall of cash. some of that cash has been put to work. as we see the consternation in the marketplace, there is a little pullback now. i think people are waiting to see corporate earnings to see if there is a justification of the significant rally. , asserting that we will continue to grow that size or even higher, i would never make forward estimates. the dialogues are greater, deeper than ever before. at 12% sales are moving revenue growth. eric: you technology risk management business. all the components of the organization are doing quite well. eric: let's go back to the flows for a moment. because they may not be predictable. they do say something about what clients want and what their appetite is. you do have your finger on that pulse right now. so have flows

vonnie: we do happen to have that fink soundbite. larry: the market has been validated by a synchronized growth. it was not just the election and more importantly, for the market to have another leg up we need to see the validation of these policies from the trump administration. vonnie: is that what is going to do it or we might have to wait a while if that is the case. they said even tax reform might the done before the -- might get done before the promised date of august. jordi: there is always things that can come in and capitalize things. one of the more important things to think about, we focused a lot on the united states and i think one of the reasons i am here, and one of the trends that has been occurring is this fear of info let's around the world -- sphere of influence has been shifted to asia. report,ook at the imf the focus for global growth will be driven more from asia than the developed markets. although we are fixated on whether tax reform will drive things, i think we will have to get more measures out of asia in t

larry fink is the chairman of blackrock. much for being here today. >> thank you. good seeing you. >> this news that came out last we're came out with massive amounts of attention from wall street. even though this is talking about 36 employees leaving, this made massive headlines because it's a new way of thinking about things. you're bringing in computers to run some of these funds. people started thinking does this mean this is the end of humans making decisions on some of these equity funds? what do you think? >> i was very surprised at the coverage. we did not anticipate that coverage. as you said, it was only 36 individuals, more importantly it was a very small component of our overall assets. >> $30 billion in assets. >> but this is part of a two-year plan. we reoriented our etf platform last year, ishares. we brought in mark weissman from the canadian pension plan, we wanted mark to put his imprint on this. that was a seven, eight-month delay. what we did most importantly was in u.s. equities, more the large cap area

oliver: that was larry fink on bloomberg daybreak: europe today.ouse speaker paul ryan has been meeting with allies -- right now, he is speaking about u.s. and u.k. relations in london. >> what a very special time. my one thought that came to mind us and as i watched what transpired yesterday and today is that this is a time for bold leadership and theresa may is certainly setting the standard. [applause] ryan: it's a historic event and it will be a hard-fought election. you don't get any sympathy from us. in the house of representatives, we do this every two years. ultimately, it is up to the british people. to determine their political future as only they can. we have a lot on our plates. i will simply say good luck and please note that no matter the outcome of this election, the united states will probably -- proudly stand by your new government. an american leader coming here has to do two things when the come to london. first, be thankful that we don't have prime and mr.'s questions. best second, we have to quote churchill. we have a bust of c

fink?us like larry where does your caution stem from? seeing diversion says from death between the stock market and bond markets and stocks and credit. and the hard data versus soft data, i'm concerned that stocks have priced in a pretty optimistic scenario. mark: you like to look at the vix. the inverted vix term structure. why should we care right now about this? what does history tell us? >> most people look at the there is atract -- much better signal looking at how the current contracts are priced versus the nature and it is rare or us to pay more for the ending in a month than four months out. 10%markets had close to a down last time it happened. hedge,oney is trying to it is essentially them de-risking while the indexes have held up. it creates a vulnerability for stocks. vonnie: what is a good deal risking scenario if you have to be at a percentage? >> it is different advice for different clients. for active managers who are essentially only able to buy stocks, i do not think this only means cash, but really to opus , where there

i could put the lid electoral -- the little black girl into the story of my own making and i fink that helped me to understand i was worth something that little black girl landing on the moon was not science fiction of i could put it down on paper. i was very shy and airways have been so just the act to get in front of the class that would fill me with terror. but i had to earn a living to support my habit so i took creative writing positions in the first one was in arizona. not a place cited would have said wanted to go but that is where the job was. so i spent eight years in the phoenix area. beautiful years and i had our daughter there students were more afraid than i was but the love of writing carried me over teaching something that i loved and if i could convey that to the students then we could beat on that page so after arizona i came to the university of virginia. i remember that the very end of the semester in bay -- a day but i was in chicago giving a reading and i was excited to read to one of my idols but also i had the entire summer free. nothing more to do that and finis

coming up is a conversation with larry fink from blackrock.loomberg. ♪ francine: this is "bloomberg surveillance." earlier before about the u.k. and you showed some great charts. let me bring you back to what we are talking about with bhanu baweja and kit juckes. is probably the money chart away from the pound. it goes back to the politics. it is important that theresa may asap beforegitimacy the coming terms. crucial. anna edwards was speaking about why she has done that. she wants to consolidate the domestic political reason. there is an economic reason. and it is precisely this. the growth momentum in the u.k. has been helped by the most positive credit impulse globally the u.k..sident in and now it is turning down. nominal wages are coming down. down,en when they come inflation will be low. at that time, it will be much more difficult to ask for the mandate. hindsight,nefit of this does seem to be good timing. the question is whether the polls are reliable. but the consistency has been so strong that you would imagine the tories make it sa

. >> so is fink right? are all of these other markets better places to be than the u.s. at this point? >> i think it's generally easier to navigate over there. sure, you have french elections and german elections. you don't really have to worry about those. merkel's party is picking up some wins. france will sort itself out. i think it is cheaper. you still have easy money there and dragge gave no hints of going to a tightening cycle which i think he needs to do. you see most things turning. you see it in spain, you see it in italy. we thought that would never happen. the uk is holding up, i think they're on borrowed time. germany will pick up some financial firms. so i think the hedj, the hedged way to play it is a good way to go. the u.s., just some issues. >> rich, how do you see it? you've got this money you're trying to put to work for your clients. >> so we agree that europe is cheaper than the u.s. so 15.5 forward pe versus 17.5 in the u.s. we look at europe as being now an asset to u.s. equities versus a liability as it has been for the last few years. so we're l

is what larry fink is describing emblematic of the financial sector? are getting to a situation where we can see that for some banks, they are turning into having to do something pretty soon. we are getting to the point where we know for sure that the u.k. will leave the european union in two years time. snap election the changes the game to a certain extent. there will be hope among the bankers that teresa may will show her hand a little bit on the kind of brexit she is pushing for. having said that, she was clear today after making that announcement yesterday that she is not boxed in on brexit. she will be a little bit vague because she wants to keep some wiggle room for herself. bankers are getting to the point where they will have to make some decisions. looking for clarity from theresa may, they will have a little bit longer. david: we heard the speech yesterday but did we learn anything new today? >> very little, what we learned today is she is a politician and famously keeps her cards close to her chest and her plan is to get rougan entirelecon

the ceo larry fink sees warning signs for the economy and he told bloomberg that lackluster growth innty around the trump administration pose a risk to markets. larry: earnings season is probably the most important issue for the markets today. i would -- the marketplace had higher expectations on quick actions and of our government related to tax reform, and thenstructure, and deregulation, so those are the three things the marketplace looks for and it will take obviously more time. and so, if we do not have earnings validating these higher pe's, and we could add just andward 5%-10% from here, if the administration does succeed in these items, then the market will reassert itself higher. >> you make it seem as though the u.s. stocks have nowhere to go but down, unless -- larry: i didn't -- >> unless it is a validating picture. larry: it has to be validated. if it is not validated, it goes negative. i do not look at that differently at any other time. the pe's are really high on a relative basis, and u.s. equities are higher than europe and asia, so it has to be validated one way or an

joining me right now to talk more about that chairman ceo blackrock larry fink larry great to see youk you so much joining us today i saw your earnings last week, congratulations, incredible inflows or two 2016. and the quarter. what sack story blackrock has been. >> nice run but i think we have more in front of us. >> 5.4 trillion dollars, in assets under management pretty incredible what do you make of regulatory environment right now what would you expect from president trump? >> well, i think we went too far in some of the regulatory issues especially he related to banks we have more stringent standards in parts of utopia do i believe the problem we have hopefully we will address this when we have a financial crisis one of the most important things was to simplify regulation, but make it much more strident the problem was that they didn't do simplification, banking system is governed by three or four agencies, and most other countries governed by one agencies or two agencies. maria: you are right. >> there lies the problem you might have to address one issue one agency another wit

larry fink will be absolutely right. that has the market on tenterhooks. if it is one of two centrist candidates, that candidate will win. france will have a chance to get back on its feet. one of those is by french standards, pro-market, tax reform and regulatory reform. wants to get france back again. david: we heard all the dire predictions with "brexit." remember those? that the market would collapse, . would collapse. didn't happen. we had a "brexit." theresa may took over, she is committed following through with it. might the same happen if marine le pen eventually becomes the president, might the markets manage to digest it without much of a problem? >> absolutely. i think you have to look are you a trader or are you a long-term eninvestor? also are you an investor in the u.s. markets versus the global markets? if you look at "brexit" the fallout in our market lasted for an entire two days. if you look when trump was elected, the futures were down huge. by the time the markets opened they had turned around. we have an incredible ability here in the

. >> you heard that from larry fink.he president has focused on this issue many times and on that giant trade deficit. our largest trade deficit. how do you expect him to reconcile these issues? >> the president heard that currency manipulation is not the issue. i would be surprised if he makes too much of that. he will make a lot of the 350 billion trade deficit. that's more than half of the overall u.s. deficit. he'll make a lot of the fact that americans buy 17 times more product from the u.s. -- the u.s. buys from china 70 times more than the chinese buy from the u.s. you may see some concessions. you may see something to be said about boeing. you may be a little bit of leg here and there from president xi jinping. he gives cosmetic concessions to soften foreign targets. you may see a little bit of that in this meeting. >> this notion of a grand bargain, i heard it before in which china could help u.s. industry, u.s. manufacturing with investment or infrastructure or trade, what does china want in return? >> i think

sarah fink, my lab partner who i hoped one day would be my love partner.one of my so-called friends hitting on her. you got two choices-- you can mope your way up those stairs and soak in a pity bath, or you can pick yourself up, march into that school, and act like you don't even know that girl. [ sighs ] thanks. if mom asks, i borrowed her tub pillow. jay, don't forget to drop joe and mitch at cam's later! yeah, what time are they expecting me to, uh-- oh, what the hell? oh, isn't it cute? last night when i went to do my nails, the girls did it just for fun. what's fun about a lifetime of gender confusion? ay, please. it's the same as when you took him to the dodgers game and you brought him back with that dodgers cap. you think? or is it different in every conceivable respect? ay, and don't forget that phil is gonna be meeting you

but there are folks out there, larry fink is one of them and a few others who say hey, things may not so good, we have anemic growth. if he doesn't get tax reform through we could be running into problems. we'll talk about that and how you position yourself in this market given it's so dependent what donald trump is washington is doing. we have the intel for you next. don't let dust and allergens get between you and life's beautiful moments. flonase allergy relief delivers more complete relief. flonase helps block 6 key inflammatory substances that cause all your symptoms, including nasal congestion and itchy, watery eyes. flonase is an allergy nasal spray that works even beyond the nose. so you can enjoy every beautiful moment to the fullest. flonase. 6>1 changes everything. gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect n

bloomberg spoke to blackrock ceo larry fink about where he sees yield heading.i said in december, i said in january, i said a few weeks ago, i believe there is a 51% probability that 10 year treasury could go below 2%. why? i do believe there is still great uncertainty. ,att: still with us is geoff yu head of u.k. investment office at ubs. take from the u.s. economy and this tepid pace of growth? geoffrey: right now, we are still posited in the u.s. economy, reflected in our asset allocation. in the recent weeks or so, there it tendsreason to -- towards overenthusiasm somewhat with respect to how much the fed would be willing to advance things and how financial conditions would adjust. we actually did have a duration position in our allocation right now, in the 10 year, so it is moving in the direction we anticipated. i do not think this should fromct from positive, fundamentals. going below 2% again and then we probably will have to revisit whether the fed actually has any capacity at all to move over the next two to three years or so. it would take a major rev

next week, join us for our special exclusive guest, larry fink, chairman and ceo of blackrock, will bee you sunday morning at 10 eastern, and but first, property man begins right now. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the sh

coming up, the blackrock ceo larry fink says he's more bullish on stocks than fixed income.e issue next. this is bloomberg. ♪ julie: i'm julie hyman. "what'd you miss?" let's take a deep dive into the bloomberg prayed you can find the following charts using the function at the bottom of your screen could you may have missed this today, big news for pot in canada. the canadian government has introduced a framework. the trudeau administration introduced a framework for legalizing pot in canada. even have up to 30 grams, about an ounce, for recreational use straight 18 is the minimum age to be able to use it. it looks like legalization is on a path to legalization by 2018. there are a couple of the pot companies in canada. weed is the ticker. tsx. you have the s&p pot stock have really been climbing. as you can see today, a bit of a down take. one of the things it could be hurting them, as part of these new proposals, you can't have endorsements. apparently snoop dogg had had an agreement with canopy growth to endorse medical marijuana, so it looks like that won't be able to ha

(john turturro) they're not as much of a pill as "barton fink" is. (woman) let's get to work.t's late, morrie. not anymore, lil, it's early. we were doing a love scene with judy davis and they had written originally there wasn't all this kissing. and i don't think she ran her hand through her hair and then they wanted to do it a little bit different. and i didn't want to. i said, "listen you guys, i have to defend the writers here." and they were like oh, yeah, well, to hell with the writers. i said, it should be really like he's a virgin and everything. and then we came up, i said, "well how about if, you know, she takes my glasses off, totally undressing me?" he looks like a little raccoon, he's a little scared child. when we saw it in dailies, ethan said, "that's really romantic." so i said, "it could use a little touch of sensitivity before what's going to happen, you know." (narrator) producer joel silver, known for the blockbuster films "lethal weapon" and "beverly hills cop" was attracted to their distinctive style. i'm proud to be involved with joel and ethan. but i do

let's look at the chart to talk about what larry fink was saying. is a disconnect between data versus what the fed is saying. why do you think that is? are there are lingering warning signs or was the first order just a one-off? >> i think the first quarter is a one off. it recovered from the global recession. of the seven quarters of being a very, very weak. i think the beige book, what it says, the economy is working on all cylinders. economylem is, the wants to be six cylinders but it is working at four cylinders. i do not think this information will change the federal reserve's view about the past four interest rates. yvonne: we see some doubts in the markets with a sense of the futures. let's bring up the chart. the market scaling back expectations on future fed rate hikes. you can see with the red line, one more hike is possibly what we could get, more than a 40% chance of that. the purple line, anything more than that goes down to 25%. yieldsioned the 10 year touching down. where do you see them basing out and what we need to see to call it b

so says larry fink. but what are the charts telling us?ominic chu has taken a look at that. >> tyler, there's no doubt that the markets here are, again, near record highs and pretty extended by sta titistical mesh shus th meshmeasures. one level that some traders are watching right now is the 50-day average price for a stock. we've put a few examples up here on the board just to give you an idea of what we are talking about in terms of support for the overall market. dow first of all, that pink-purple line is the 50-day average price for the dow. you see we have been trading right around it, above it. it's holding that level of support. something to match. maybe if it can hold that, the trends stays intact. watch what's happening with the s&p 500 as well. the same pinkish line there, we're holding right around those levels. if we can hold there, perhaps things are still intact for the bull market there. the nasdaq has been holding fairly solidly above the 50-day average price as well. one place we do see some concern is in the second bigge

our special guest blackrock chairman and ceo larry fink.ome of the big headlines of the week from wall street to main street. stocks extended gains, a steady stream of coach rat earnings helping the market. but thursday steven mnuchin

professor fink, thank you very much. appreciate it. kennedy: new dnc chair tom perez says all democrats must be pro-choice. but some big names on the left don't agree. hey there, starting your search for the ri am!used car? you got it. just say show me millions of used cars for sale at the all new carfax.com. but, i don' want one that's had a bunch of owners just say, show me cars with only one owner pretty cool it's perfect. that's the power of carfax® find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing start your used car search at carfax.com ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ you. kennedy: more about bernie, leave it to bernie sanders to cause infighting among democrats. the vermont senator is backing the democratic candidate for mayor in omaha, nebraska? what's the problem? the candidate as you see there happens to be pro-life. dnc chairman tom perez is having none of it, saying all democrats should be pro-choice. b

professor fink, thank you very much. appreciate it.dy: new dnc chair tom perez says all democrats must be pro-choice. but some big names on the left don't agree. finally. hey ron! they're finally taking down that schwab billboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getawa

i'm david fink going -- i'm david, "bloomberg technology," continues next. ♪ caroline: this is "bloombergy." i'm caroline hyde. many parents are convinced her children are addicted to their funds -- phones. perhaps you are right. former google product manager this -- ethicist says silicon valley is creating phones to get people fixated. it is a phenomenon called rain hacking -- brain hacking. what are the long-term consequences? still with us, guest host for partners elevation cofounder roger mcnamee. this is fascinating. youran, i was looking at biography. why did you leave google? >> i think it's an interesting problem. all of these technology companies are locked into the attention economy. no matter what you are building, whether a meditation app, or facebook, netflix, or youtube, you are still competing for attention. with theft conversation about the attention economy and whether it is creating the type of world we want to live in, both for democracy, and in terms of how it affects children with persuasive techniques with apps like snapchat that go public on networks like this. caro

fink and will be larry the ceos of ibm, gm, and walmart among other companies.is sahil kapur. what do we expect to hear regarding this meeting? many of the ceos have given their thoughts to the president -- president. what will we learn? sahil: this is a meeting between president trump and 20 ceos, and issues have not been listed but expected to come up our infrastructure and tax reform. they are in the early stages of dress -- crafting a plan. be from diverse backgrounds and companies ranging from walmart to ibm to gen gm and tesla. it is not clear what we will be hearing from them that president trump is amidst crafting policy plans for things like taxes and infrastructure. the white house billing this as a listenings -- listening -- listening section -- session. vonnie: apparently they will be discussing strategic priorities for five cabinet members and their staff. does that mean we are getting closer to some kind of actual proposition when it comes to taxes and infrastructure reform and various business interests? sahil: the white house is not put a timelin

no tattoos and fink per prints, but there are none on file. we believe that our decedent came to this house, knocked on the door. we're assuming to get some sort of help. by the time the homeowner was able to get to the front door our decedent had become unconscious and was out front of her house. >> all right. so once again, 3300 block of springdale here in forestville. they say it happened easter morning. they really don't know any more than the woman came to the door and knocked on the door. they athat she was stabbed somewhere in p the mid section and then she died on the way to the hospital if you recognize that composite, if you have any information about this investigation for police, they would like to hear from you. by the way, if you want to take a look at that again, that picture, we'll place it on our website, fox5dc.com. for now, live in forestville, matt ackland, f >> we have an update now on the deadly stabbing of an elderly man in the district on sunday. police ahave rested two # year old malcolm amere in the death of 79 othero

. >>> rise of the machines, blackrock's larry fink joins us for an hour to talk about the economy's newegy for portfolio management. >>> and the masters tees off today in georgia without arnie. a little bitter sweet and bizarre, the world's top golfer suffering an injury falling downstairs. details straight ahead. it's thursday, april 6, 2017. "squawk box" begins right now. >>> welcome back. you're watching "squawk box," live from the nasdaq market site in times square. ♪ >> good morning, everybody. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures. right now you'll see things are slightly lower, but when i say slight, ever so slight. the dow futures are down, only by about 6 points. s&p futures are down by 2 points. the nasdaq off by three. yesterday was something to watch. we were looking at the dow up y about 200 points before everything came tumbling down. it was a huge reversal. nasdaq was down as well. down by

reporter: i don't think that was larry fink. i'm not sure what that was.of the day. that is the fact that fox news has confirmed that there could be a vote on health care, an amendment to the continuing resolution, funding bill. next week because possibly tomorrow we will see language emerge from the senate budget committee that could stand up in the house that would allow for the health care bill to go forward. so we're keeping an eye on all that. neil: they're confident doing that, it clears the way to get tax cuts still done. in other words, that timetable remains, right? >> yeah. the timetable remains. there was a he have bring today with officials from the administration. bottom line for you and me. what we need to pay attention to, tax reform, they expect it by the end of the year. it is coming. neil: buddy, great reporting. adam shapiro at the white house. >>> meanwhile real estate doing just fine as we go into the spring. the latest sign of existing home sales, the highest in over a decade. what that could mean, the wind at this president's back? a

decent waves out there, taking a longport out there and energy some surfing doing the winter suffering finke will need a full sweat suit. and that water temperatures i is still in the low to mid 40 's. high pressure over us right now across new england. that snow is long gone, cloud, off shore so we are in the sunshine, for now, been through cloud quickly returning tomorrow ahead of the next storm system. we will wrapped fire pattern, jet stream, taking a dive south, where a little curve in the jet stream there over four corners region. that gets us southeasterly storms that roll in every few days, it will be a mild flow but a couple days is there a storm system. here comes first one monday night, tuesday bringing us a round of rain, warmer air, thunderstorm by the time that leaves here next one already developing, this bombs in late wednesday night into thursday, lingers into friday. this one is stronger but could have heavier rain. storms every couple days. typical for early spring. steady rain chance even a thunderstorm but this time around we're talking about warmer temperatures. sixty'

our special guest blackrock chairman and ceo larry fink.rom wall street to main street. stocks extended gains, a steady stream of coach rat earnings helping the market. but thursday steven mnuchin

maria joined by special guest larry fink of blackrock.ode of "the property man," bob massive. one of my favorite shows here at 8:30 eastern. dow is down seven. minutes before the closings bell ring out the week. infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp thithis is the new new york.e? think again. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov liz: you heard adage, sell in may, go away. this summer all bets are off if we get the tax reform. president trump saying a big announcement on tax reform will be released wednesday. look, no word on whether it will be a proposal or ac

larry fink and jamie dimon rallying concern about usa recovery.e from the trump administration to shift that argument? >> the markets have anticipated on u.s. economic policy that has yet to materialize. we are seeing question marks on how the administration will deliver on what has been priced in and expected. the other part is the animal spirits. we have yet to see capital expenditure, the next leg of the inflation trade in the u.s. surveys suggest sentiments are seeinge, but we are not the translation into capital expenditure and investments, the piece that is critical in establishing the next leg. what is more important, tax or re-patronization of dollars to the united states? it is important. it is unclear how it will be funded. it is all connected. we will see what comes out of the process. mark carney urges banks to consider a contingency plan for brexit. is that something you and larry fink talk about, contingency plans for blackrock? >> governor carney is saying repair for all potential outcomes. we have a situation where you could have a

if anything, it is manipulating it -- as we heard from larry fink last week from blackrock, to keep itgetting too weak. >> the question is how much do we read into this for how long the market moves can be. traditionally when he has done the tweet about the strength of the dollar, you stepped away and thought maybe that can influence a single day's moves, but so many other things at play move the currency. the interesting thing about yesterday, he talked so widely about other areas, fed, janet yellen, interest rates, clearly all of those things considered, if he can influence them towards a weaker dollar. >> we know he has a fawew appointments on the fed to make. >> just talking doesn't have a lasting impact. the question is does he make dovish appointments. >> we don't know that. >> does he leave the border adjustment tax off the table? those things are the key to see if yesterday's moves are extendednouncepronounced. >> agreed. the top thing will be monetary policy. that moves currency exchange rates. but this jawboning by a president is something a bit new. he can take measures, he