you can look at what is associate -- where does my kid seem to be gaining or not gaining. >> host: one last question. this is going sound crazy. why do you and they why didn't you just say, okay so my body wants to be fat center why not just be a fatter person? >> guest: i think for me it was scientific question why and how could i be getting this wrong and why isn't a diet working for in and i had to know the answer. so i had a burning question during my research days and graduate school. i had this burning question now. there's something amiss. wire some are diets work for some and no anothers. so part of it was really wanting the answer, but the other part is that being in my middle ages there's no going back. fix this now or i'll never fit in that dress. so i die -- die want to go on or -- my blood sugar was getting higher. i didn't have all the effects of having a little extra weight but going to start. was the phase where this would happen. so for me it was now or never moment and i thought i have the tools to research this and i can get the answer, and i didn't have the question

even off of yesterday's gains.e energy sector as a whole looks rich to us. >> can you believe the extent of the rally in the european banks over the last couple of days? deutsche bank and socgen up some 10%. we've been comparing the evaluativa valuati valuations of u.s. banks and european banks. what is your preference? >> we still like u.s. banks. they are in a better capital position. we think the yield curve does steepen, but not as much as people think. we think you have a relief valley on european banks. there was a concern that if certainly le pen goes to the -- has a good chance of winning in the second round, you could have capital controls on european banks. certainly the risk of france leaving the eu, all pose a significant risk to the european banking system. therefore you're seeing them have a sigh of relief this morning or yesterday. >> darrell, washington still in the spotlight. this tax rate reduction expected sometime this week. we have a delay in the border wall. now the countdown to a potential go

but fundamentals have helped drive gains in recent months. the chip sector has worked off high inventories and demand for new chip memory is driving growth. amd and micron have doubled over the last eight months. lab research is at all-time highs. with tech giant amazon on deck to report earnings this week, the nasdaq may see more momentum on its record run. bertha coombs, "nightly business report," at the nasdaq. >>> so what's next for the nasdaq now that it has crossed that 6,000 mark? david leibovitz is global market strategist at jpmorgan asset management. welcome, david. one of your thoughts is the market, you think, will continue to sort of move higher, but in fits and starts. i'm going to pose a question to you sort of flippantly. what's next, or what's more likely, nasdaq 7,000 or nasdaq 5,000? >> so i would say that broadly speaking, nasdaq 7,000 is probably more likely. you're seeing large tech companies post strong earnings. the broader environment is unchanged from where we've been over the past few years. investors have been will

we still saw gains in march.you want to accentuate that, the banks were the big ones to pull back in march. they were the big ones to gain in europe. that explains a snapshot of where valuations were. europe playing catch-up and having similar 5% gains for the quarter as a whole but also up a percent. >> going through the best quarter since 2015. 18 months. let's check in on the week ahead for economic reports. topped by the march jobs numbers on friday. here's a rundown of the calendar for today. the ism manufacturing index, construction spending and march auto sales. tomorrow, factory orders. wednesday is the adp employment report. ism services index, and the minutes, and friday, the trade numbers and the big one, the march jobs reports. there are a few names of notes reporting earning. that includes monsanto, walgreens, beth, bath and bebeyond and consolation brands. >>> and u.s. fed president dudley holds a press conference at 10:30 eastern. and philadelphia fed president patrick harker 'richmond fed will tal

big, big gain.ing of france, in relation in camp macron last night. >> [cheers and applause] [chanting] >> [speaking french] >> i'd like to say that i realize what my responsibility is. i also know full well what it means, and i will carry on with optimism, enthusiasm. bloomberg's francine lacqua is in paris. she has been there all weekend, covering this event all night for us, with four hours of special coverage last night. francine, fillo endorsedn macron. you just spoke to sophie about melenchon. does he have to do the same now? she was talking about some kind of reverend inside the party of jean-luc melenchon, which means france will not bow down. by frankly find it quite strange, because she also said it would be unlikely they would ever support le pen, because he is so against the far right. it seems to me like at some point, if he doesn't directly endorse macron, he will intimate as such. the concern is that jean-luc melenchon, far last communist backed candidate, for so long over the last co

rishaad: regional stocks extending gains. new york has the biggest gains in six weeks.aidi: fidelity and guarantee approach.it was seen as unlikely to win regulatory approval. rishaad: the u.s. could default in the markets and not paying attention. the u.s. vice president is heading to japan. meeting with the deputy prime minister later on the agenda. north korea and nuclear ambitions. geopolitical tensions are roiling markets of late. we have a lot of pressure on beijing from washington at the moment. some of it is apparently working. the u.s. is getting encouraging signs that china is going to act to pressure kim jong-un's regime to dismantle their nuclear weapons program, and that we have mike pence also warning pyongyang that they should not really dispute the resolve of his boss. politics is the alpha today in equity trading. data as well. haidi: that's right. i find it a little be will during we are seeing this section in the u.s. overnight, blend clearly geopolitics is still the great big unknown. data, continuing to paint a picture of what the chinese recovery l

five days of gains, 16 month high today. .03%. it was a gain.o weeks of gains since mid-february. financial services, basic resources on which i will come to, berkeley is the big story. 1.2%. that is for the stoxx 600 bank index. higher at the close. the chief executive will be reprimanded. they cut his pay. regulators begin to investigate his whistleblower last year. the financial conduct authority is investigating if it is individual conduct relating to the banks response abilities and control the connection with whistleblowing is admitted. he apologized to the board. he tried to unmask a tipster who alerted -- confirming the matter. sinces interesting, staley took over, barclays has outperformed the stoxx 600 bank index. barclays is down by 5%. this is a wonderful story. titang minor, the global and the other big minors, news today, it is being targeted for an overhaul by activist elliott management. it is all in an effort to unify its corporate structure and spinoff more assets and improve capital returns. it is argued that it has a market v

gains for the likes of japan and similar gains for the likes of australia.ut declines as you can see forced shanghai about 0.5%. and shanghai flat as well. european trade as well. germany, was the big lagoff. european trade, with uk and france essentially just positive for the week. france now negative this morning. we've got latest polls coming out. and the story in the last week for the polls for the french election has been gains for the far left candidate of mr. melenchon, raising the possibility we could have four candidates, melenchon, marine le pen and harmon, highlighting different ways the second round could go, depending on who has a final boost. >> first round of voting there. the 23rd. >> sunday, the 23rd. just over a week or two weeks away. >> broader markets had a strong week last week, gaining 0.75%. brent also inches higher just below $56 a barrel. up 0.8%. as for the u.s. dollar, the reaction there it's been a calm week for the u.s. dollar. the dollar is strong against the yen, that certainly helped the yen, as wilfred mentioned overnight. y

slight gains this morning. we gained a fraction in the last half hour or so.hree indices expected to open in positive territory. the dow opening ahead by 24 points. oil prices gained yesterday 2%. oil prices up again this morning. asia, a strong session. some decent japanese pmi data. but for the most part shanghai playing a bit of catch up over the last couple of days. up a percent and a half this morning. >> announcement of a new economic zone outside of beijing seems to be fuming excie i fuel over there. >>> european trade is mixed it was a decent session yesterday. better than the u.s. session, up about 0.3%. the ftse 100 up more than that. some decent services pmi for the uk today offsetting disappointing construction and manufacturing pmi data the prior two days. either way, not a blowout session across europe. for the most part positive. we also have the french presidential television debate where the left-wing candidate mr. melenchon did the best. either way nothing really changing in the odds from various bookmakers for who is likely to win. >> euro n

you will went out the 2016 gain and they are saying that the gains we saw our unsustainable. that is a big feature in the mliv chat. anna: breaking trend that first day and what falls, and that iron ore story is dividing the asian equity section because you have the markets that reopen like australia playing catch-up and weakening on the back of this iron ore story. elsewhere you have the and holding things and check a little bit. let's get the bloomberg first word news. president mikee pence has arrived in japan as he completes his asian tours. korea's --amid north tension about north korea's weapons program. they will increase -- talk about increased access to the japanese market for american products. donald trump will take aim at i.t. outsourcing companies when he orders a review of h-1b said programs to favor highly skilled applicants. he c some companies asited -- that will not get visas approved. racee plus presidential enters the final stretch with no main winner insight as the contenders scrap for votes in a flurry of campaign rallies. with almost one third of the el

iron ore gaining 4%. reversing four days of losses and gaining ground. has been trending lower. this is a picture of what is to come across markets in asia. we are going to be watching shares of china mobile when hong kong opens after profit rose for the first time in three quarters. here is bloomberg intelligence analyst, michelle mob. is this momentum going to continue as 4g matures for the rest of the year? michelle: i think overall, china mobile did report profit growth for the first quarter, mainly driven by the 4g consumption. however, we do think china 's profit growth will slow down for the rest of the year. first, because the 4g continues to mature and china mobile has the highest 4g concentration of 6% at the end of the first quarter. and the intensity of the competition. smaller rivals have improved their 4g network quality significantly in the last year and they are spending more on marketing to gain subscribers. that will pressure china mobile's margins going forward. and thirdly, deregulation. the chinese government has ordered all three te

we are seeing the benchmark gaining with some of the margin markets leading.oal function the on bloomberg, you can see these gains in the equity market. the south korean won also leading. although, there is caution on the won and a taiwan dollar as having depreciated to quickly. on friday, we saw a rally after the new york fed presidents had there is no urgency to raise rates. we are seeing sovereign bond markets in asia also gaining ground. this is the trading picture. just under two hours away from the opening of the emirates markets. 10:00 local time in dubai. energy and industrials were bright spot in the equation. we are seeing pressure on telcos. first day of trade driving abu dhabi momentum. bank, makingbi gains up to 1.5%. low volumes on the whole in q atar and egypt. assets forhing some you. take a look at that. gold, 1248. at 13.4. african rand u.s. futures barely below the flatline. areainland china and taiwan closed on holidays. let's check in the first world headlines around the world. had says the output curbs are working and the oil market is re

in more than two years, also its first gain in three periods.op in the foreign-exchange reserve what you can see on the blueline. that stands at a six year low. what does that mean for what china's policy is? it means china is pulling back from intervening in its currency to weaken it and that is good news for the u.s. trade position with china because it's deficit is now receiving and all that lazy positive foundation for this week's meeting between presidents trump and xi. nejra: thank you, christine. i don't agree, alix, that it is all about oil, but i have to give you the round. vonnie: i agree. the champion is alix steel. alix: where is my trophy and my prize? vonnie: there is confetti coming, i promise. ♪ >> it is noon in new york. i am vonnie quinn. welcome to bloomberg markets. we are going to take you from in thiscisco to detroit hour. here are the top stories around the world we are following. the u.s. stocks are near session lows, despite strong manufacturing data. financials, energy materials leading the s&p 500 lower. crude near $50

he noticed no matter what mileage they were running with age they gained weight. you would have to increase by 1.4 miles per week so if you are running 10 miles a week they should be running 24. we have to accept that and hormones are one reason there's a possibility. more and more research shows it is doing things in our body that we are not aware of. when we go through menopause we have more in winning depend on arafat for estrogen as they age and that could be a reason why it's harder to lose after menopause. >> host: people might not like the way they lock. >> guest: there are some kids that are told by their doctors to gain weight. it's not that easy to gain weight like it is to lose weig weight. >> their habits are pretty well ingrained by now. they did get the joy of eating an awful lot to gain that weig weight. >> host: many people assume if you are fat you can't possibly be fit. >> guest: it will store all that energy and it has the potential to turn civets linked to more of these and it is stored in this layer. they can be fit but fat. it keeps the blood

coming off the back of slight gains yesterday and of course stellar gains on monday after that frenchction result. we're back in a couple minutes. think again. this is the new new york. 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 knows how it feels to seeetes your numbers go up, despite your best efforts. but what if you could turn things around? what if you could love your numbers? discover once-daily invokana®. it's the #1 prescribed sglt2 inhibitor that works to lower a1c. invokana® is a pill used along with diet and exercise to significantly lower blood sugar in adults with type 2 diabetes. and in most clinical trials, the majority reached an a1c goal of 7 percent or lower. invokana® works around the clock by sending some sugar out of your body through the process of urination. it's not for lowering systolic blood pressure or weight, but it may help with both. invokana® can cause impor

it was gaining more than that earlier.uarterly inflow since the second quarter of 2011. we have seen the stock rise the most this year off the back of that. guy: think very much in need. -- indeed. here is juliette saly. juliette: thank you. japanese exports grew at the fastest rates, supporting a moderate economic recovery in the face of wheat domestic demand. exports rose 12% from one year earlier, almost double expectations. at the same time, imports jumped 15.8%, the biggest gain in more than three years, leading a trade surplus of $5.64 billion. the u.s. secretary of state has heavily criticized a 2015 nuclear deal with iran. rex tillerson said it only delayed the country's ambition to gain weapons of mass destruction and did not take into account its role in sponsoring terrorism and destabilizing other countries. the announcement is the strongest signal to date that president donald trump may walk away from the agreement. >> the trump administration has no intention of passing the buck to a future administration on i

it is now up higher, hanging onto its gains.raday volatility does seem to be one of the themes for investors. this is a chart for investors to show that volatility we saw earlier. and then around the time secretary of state tillerson talked, we saw this down, now it is up 0.1%. not surprising with the nasdaq, the tech is one of the weaker sectors, amazon and facebook trading lower. the biggest, energy. we have that for the best sector of the s&p 500, trading in sympathy with oil, up 1%, trading higher seven out of the last eight days on paper, and investors think the opec supply cuts are going to offset rising inventory from the u.s. there is positive momentum according to a bloomberg intelligence strategist around the idea that opec cuts could expend -- extend into the second half. volatility tends to breed volatility. we hop into the bloomberg and 6971, this is a chart of the s&p 500 out of the election. we have a nice uptrend. we have the moving average in yellow, then the 20 day moving average in blue. the fed did raise rate

what can you tell us is erasing these gains.rter: first thing someone said, don't forget the last two trading sessions 1% gain, the fact we haven't lost that, now that people are reading fine print or lack thereof, the lack of concrete detail with the tax plan, we got as you put it, broad strokes of trump's plan, they're coming in a little bit, they're doing a little bit of selling. reality is, wall street, folks down here, liz, they are know better than me, they're no dummies, the plan is geared to help the middle class, appease democrats to make trump's sweeping tax overhaul reality. liz: well, i don't know. we're watching and you just heard the congresswoman from indiana say it is absolutely terrific, it is a starting point, not ending point t will look different. lori, thank you, interrupt us if we see more losses. we're up aboutpoints for the dow. the -- 7 points. s&p is near all-time record close. tension with the hermit kingdom may be putting cap on gains. kim jong-un and north korea remain defiant on their nuclear progra

micron, broadcom, semiconductor, texas instruments have all gained double-digit gains. for the market. new highs on tesla, for example, amazon, adobe and i-robot. we still get tech names on a down day. >> thank you, bob. so, we talked about this before. tech does continue to exhibit qualities that are quite good in a market that may get choppy. >> well, think about this. think about what's moving. apple's 12% in triple qs. the question you have to ask yourself, there's a lot of people out there that were on the other side of this apple trade. some of this is seriously short covering. a lot of the big fellas that have been in the name, because you can get big capacity. >> you think people were short apple? >> judging by the sentiment going on going into the third and fourth quarter, no one thought this release would be anything. a lot of people thought this would be a massive disappointment. the sentiment around apple six months ago was absurdly bad. >> i would be shocked if it was a hedge fund short. >> i think they weren't involved -- >> yeah, i mean, that's what i'm g

>> average first day gain has been about 20%. the average gain is about 18%.'s entrenchment overall. technology is the leader in terms of sectors. used to be health care for the past several years. we're seeing that rotation. i think as we go forward looking for new opportunities with valuations where they are at elevated levels, funds and private investors looking for opportunities. those opportunities may be found in the ipo marketplace. >> how much has the pendulum swung in investment and startups toward enterprise versus consumer? i felt like that app yo was kind of the top in consumer. we recently saw the sell out. what do you say? >> the platform internet businesses are sucking up a lot of oxygen out of the room. facebook, google, the big internet companies, they are making it really hard for smaller internet businesses to be able to build distribution. on the exercise side, there's less network effects. less of a marketplace dynamic when you build enterprise business. all of us can co-exist. i can go and get build a business and stand alone and be a sta

gaining for the fourth day.e november. -- best run since november. ♪ vonnie: it is 5:00 p.m. in london and midnight in hong kong. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, we will take you from washington to san francisco and beijing. here are the top stories around the world. in just a few short minutes, david gura will be speaking to wilbur ross, u.s. commerce secretary. a chaotic wells fargo annual meeting currently underway in florida. it has already been interrupted several times by angry shareholders. the entire board of wells fargo will probably survive about by a narrow -- a vote by a narrow margin. i will be speaking to one investor voting against the reelection of 12 of the 15 directors.

a gain of 2%.was the biggest gain that we have saw since the beginning of the year, since january. even though futures are up, the percent missed price shows we could see it go up and down. i just want to point it out, it is such a big gain that it could be a loss today. let's get to the bloomberg first word news. japanese exports grew at the fastest rate in more than two years in march, supporting a moderate economic recovery in the base of domestic demand. most double expectations. at the same time in ports are just 1520%. the biggest gain in more than three years, leaving a trade surplus of $5.64 billion. secretary of state has heavily criticized the 2015 nuclear deal with iran. rex tillerson says it's only delays the country's ambition for weapons of mass destruction's and did not take into account the destabilizing of other countries. it is the strongest signal to eight that president donald trump may walk away from the agreement or it -- agreement. >> the trump administration has no agreement

when the capital gains tax rate goes up, people realize their gains before the change.ere's a timing effect there. that's clearly in the data. but you -- >> jared -- >> the reason you can't link the kinds of tax cuts that you're getting all excited about here to growth is because the empirical linkages just aren't there. >> jared, you must like the doubles of the standard deduction? right? a family that -- first $24 nos tnos -- $24,000 not taxed. >> that will reverse some of the skews of this. if this really following the house plan after the thing was fully phased in, almost all benefits went to the top 1%. i'm not sure about that yet. >> i'll say this. jared is a friend of mine. already? jared is making a case. >> you said that before he zings me. >> jared is a friend of mine, even though you tweeted badly against us. i will say this -- jared is one of last representatives of the economic guild who believe that lower margin's tax rates or higher margin's tax rates have no behavioral impact on the economy. >> just a little. >> that is a dwindling number of economists,

those gains into the close with the german dax down 5%.ure. in the fx face, a stronger sterling. euro pretty much unchanged, up 1/10 of 1%. when it comes to the sovereign bond space, a little bit of a mixed picture. not a lot of movement. not a lot of movement and fx and bonds even though we got the adp number better than expected. movement and commodity with brent crude holding above $54 per barrel, a little bit brazilian as the oil inventory data at 3/10 of 1%, was gaining more than 1.5% earlier. metals, zinc rising on the london metal exchange. stoxx 600, pretty much unchanged. .s we close these markets energy stocks outperforming at 6/10 of 1% on oil and gas shares headed to their highest close since january, following what is happening in the oil price. sterling giving for the first time -- gaining for the first time in three days. yields the 10-year gilts heading towards 1% of higher now. vonnie: breaking news, chief justice steve bannon has been removed from the national security council, a shakeup of the original council lineup. th

the six day of gains. bloomberg. ♪ vonnie: it is noon in new york, 5:00 in london, midnight in hong kong. welcome to bloomberg markets. from bloomberg world headquarters in new york, we will take you from washington, d.c. to paris and moscow in the next hour. here are the top stories on the bloomberg and around the world that we are following. cut in u.s.tax history. that is what secretary steven mnuchin says the president will propose as a way to spark economic growth. and a half, the secretary and gary cohn will speak at the white house about the plans to reform taxes. we will bring you those remarks live on bloomberg television and radio. plus, twitter surprises. the social media company showing plans of life -- signs of life. does it translate to a revenue turnaround? nasdaq past the 6000ar

gains of 3%. s&p 500 adding 25 points.e best of the bunch, gaining 1.25%. ♪ are moments away from the closing bell. the nasdaq at a record high. the dow advancing more than 200 points. i am scarlet fu. joe: i am joe weisenthal. twittere joining in on we want to welcome you to our coverage. begin with market minutes, a banner day for risk assets after the first round of the french election is said and done. and le pen prevailing. that is what people expected. joe: that is what is crazy, huge moves despite the polls coming in as anticipated. scarlet: the shocker is the polls are correct and stocks took off. it was a huge day. .et's look at the vix handle.ck to a 10 there you go. biggest one-day drop in six 2011, a phenomenal move over the course of one day. when i look at the sector breakdown, you have two groups negative. only real estate is down. telecoms little changed, often by .04%. financials better performers, technology as well, so cyclically oriented moves in the market with economically sensitive stocks doing bette

tax on dividends and capital gains. that tax has been a direct hit on investment income and small business owners. we're going to repeal the death tax. the threat of being hit by the death tax leaves small business owners and farmers in this country to waste countless hours and resources on complicated estate planning to make sure their children aren't hit with a huge tax when they die. no one wants to see the things sold. we are going to eliminate tax breaks that are mainly benefits to high income individual. homeownership, charitable giving and retirement savings will be protected but other tax benefits will be eliminated. this isn't going to be easy doing big things never is. we will be attacked from the left and we will be attack from the right but one thing is

we are also seeing the kiwi dollar gain half a percent. we have inflation data reaching the central banks targets for the first time in more than five years. wti up .6%. sovereign debt markets are in the red. note, thed five-year yield is up 3.5 basis points. this part of the world we are under two hours away from the opening of the emirates market. here is the pulse of the equity action. we pulled this, up for you on one of our favorite functions. emf function. is really popular and breaks it down nicely. real estate is up .7%. you have some consumer staples doing well as well. on the weak side of this equation, you have utilities under pressure. energy stocks and industrials as well. the overall picture you saw kuwait being the weakest link, down 1.4%. qatar underperforming as well. radar, here are some other assets where watching. you're looking at crude rating at $53. it is up .6%. bondsries at tcc tightening a little bit. turkish 10-year yield still strong. no worries there about any political uncertainty. on chains.27 will be in the

perhaps capping gains their. -- there. slightly unusual here that we seek crude oil pricing as the dollar index is also up. not necessarily slowing the oil momentum. vonnie: thank you for all of that. the trump administration to announce the largest tax reform in history. steve mnuchin and gary cohn will unveil principles of the tax plan today during a 1:00 p.m. television briefing at the white house. joining us now is the bloomberg reported and washington correspondent kevin cirilli, both on capitol hill. having: i want to pull up now some of the new details that we know. first of all, it would lower the corporate tax rate to 15%. cut the repatriation tax to 10%. plus, official saying there would be no border tax in the current form. i want to play for you now something that secretary treasury steven mnuchin said across town in washington this morning at an event hosted at newseum.um -- >> i hope they will not stand in the way of greeting tax cuts for small business, for making business competitive, for some behind compet

we will gain a lot of, revenue from this and we will also gain notoriety, around the country and around the world thaw cannot buy and cannot afford to pay for commercials to show off a city the way it is showed off. >> reporter: fans are trickling here, something to know, not necessarily a record but kind of impressive with the record setting crowd that we had yesterday, philadelphia police report no major incident, we have asked mayor kenney to get his thoughts and he knock on wood and said hopefully that continues for day two. reporting live along the

it is putting in some gains as well. this one week gain is a good half percent.s ahead of the report. also, the moderating from the fed and the fed speakers. the dollar-yen, a little weakness today, but not much movement over all. the euro has reversed. again, taking a look at the rand-u.s. dollar, a little stronger. joe: finally, look look at -- let's look at commodities. back over $53 per barrel. march ine big dip in oil. that has been completely a race. we are at the $52-50 three dollar range. some optimism over opec cuts. inn prices were falling march, everybody was like, that is not going to cut it enough. now it has flipped over, the story. gold modestly lower today. not a ton of action. .e see iron ore weak iron ore being clobbered. lots of concerns on the demand side and also the supply-side coming out of brazil, australia. that is an interesting indicator. those are today's market minutes. we want to remind you that we will be going to ann arbor, michigan in just a few minutes went fed chair janet yellen begins speaking of the you restate michigan ford s

he s&p 500 gaining 19 points in the nasdaq up .9% with a gain of about 50 points.s is bloomberg. ♪ "what'd you miss?" higher -- posing closing higher than several weeks. i'm scarlet fu. joe: i'm joe weisenthal. if you are tuning and live on twitter, we want to welcome you to our closing bell coverage every weekday from four to 5:00 eastern. scarlet: we begin with our market minutes. with so many global markets closed, u.s. markets went off on a rally. joe: gifting higher. scarlet: particularly in the final hour of trade. you can see some gains here for the dow, s&p, and nasdaq. marchne day advances 15. releasing some gains pick up here. when i look at the imap function on the bloomberg, to break down the sections, how they are performing, it is green across the board. the best-performing group you would be the financials, up 1.6%. energy, up 2/10 of 1%. you can see, with an energy, a lot of the names are higher. 71 percent of names are positive. it gives you an idea of the overall trajectory here. movers, of individual blowing was a leader. it plans to eliminate hu

kong, swings between gains and losses.with that rally in hong kong fading. we are seeing a divergence when it comes to h-shares and a-shares, the premium whit dening -- widening. our mliv blog editors, we could see an extended drop. the back of the date of we had shown home loans declined in february, but not yet clear whether those cooling measures are having an impact on home prices in sydney and melbourne. saying theson budget will include measures to address housing for stability -- affordability. increasing the supply of homes, but the aussie sliding somewhat given this broader concern around aussie home prices. david: absolutely. also, iron ore down 20% from the peak. how quick how things have unraveled there. china, gaming,ut liquor, things you don't talk to your mom about, if you will, in some cases suffering under president xi jinping's anti-corruption campaign. >> we will be talking about casinos, liquor, swiss watches -- if you want to call that applies good switzerland would probably disagree. a lot of com

he started gaining experience as a hairstylist after the tuition was paid. in between his busywork schedule, he always visits his father's home in shanghai. his father still works in the city. he has been superintendent of this apartment building for ten years and sends money back to his wife. the superintendent's office serves as his father's home as well. back in his hometown, he was a farmer who also worked in the village office. in order to earn enough money, he brought his son along with him to shanghai. he's been working in the city for almost on this day, he got a call from his feeather to have lunch together. his father had returned to his hometown for the first time in a while and had brought food cooked with care by his mother. he hasn't returned home for the past few years due to his busywork the two have supported each other's lives in the harsh city of it's extremely difficult for people with no capital or connections to succeed in this city. in a district of western shanghai where auto related factories are concentrated, one former farm mechani

they job gains, family income gains. these are very related. it's not like people versus companies. people are companies, ok? companies are people. these issues are very, very integrated. i'm not sure that folks understand. by the by, i think president trump would do well if he listened to the case that a business tax cut such as trump proposed during the campaign would help middle income wage earners. not only is that good political marketing, but it's true, the research shows its true. disagreements about the magnitude, there's almost a bipartisan consensus that that is true. i would work on that if i were mr. trump and i would use the language coming from the treasury secretary, steve mnuchin, who is a friend, we worked together on the campaign tax plan, he gave a marvelous interview in the financial times heouple of days ago where talked about the economic growth benefits of tax reform. furthermore, he said, many of the models show that when you have progrowth tax reform, lower the rates, broaden the base, get rid of the loopholes, etc., you spur growth and you throw off enormou

the nasdaq is leading gains while the dow is edging lower.the 10 year edges above 2.2%, the pound extending gains after hitting the strongest level since october. blackrock ceo larry fink sees "warning signs" for the u.s. economy and thinks they 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

it shows that support has surged 18% with francois hollande gaining ground.f is may 7 and caroline now. joins us it is a four-way race, isn't it? caroline: it is. it looks very different than what we had at the end of hollandehen francois -- when francois fillon fell back. in produce a patient different rallies over the weekend, and we can see that this is becoming a four-way race. we have to be careful because the margin of ever is around 2%. ofch is the lowest score macron, 23%. you can see that there is still room for a game changer at the last minute. mark: what is behind the resurgence? is this sustainable? you know what he did on sunday? he did a massive open-air rally and you had up to 70,000 supporters, according to the organizers. it is the second time he has done that with meetings outside in the streets, gathering people who just want to hear more. haven't necessarily voted for the far left in the past but he is managing to attract those voters who may feel disappointed with france -- with francois fillon. attended overle the weekend. vonnie: the s

he's been gaining since then, taking some gains out of the front runners of marine le pen and emanuelacron. the interesting thing here that people are focusing on is how divided it is and how close the first round will be. it raises the question of who could be the final two going into it. but also if it is the far-left of mr. mellenchon versus the fa right of marine le pen, it raises the question of if mr. melenchon doesn't make it into the final two, as a far-left candidate, he doesn't agree with any of the people in the center ground, will those voters turn out for the nonle pen candidate in round two or abstain? so some worries off the back of this latest poll. >> especially because nobody expected melenchon to do this well in the latest polls. we're two weeks away until the first round of the presidential elections. looking at these polls, it will be very tight. very close. we're seeing a bit of movement in the bond market. >>> let's get a take from a market expert. boris schlossberg joining us. great to have you on the show. what do you make of the latest frefrnl preside french

it was a 1% gain across the board. the gains have been bigger earlier in the session. if we look to what some of the big spotlight socks are, they say earnings are important. j.p. morgan chase, switching up some trading positions to strengthen their depth. that brought positive reception. ibm, big question going into the tuesy sessn on whether the the ceonual salary -- that for five straight years has had quarter after quarter of declining revenue -- is going to get that salary package approved. interesting question. let us go into the bloomberg for the risk on, risk off index because it is clearly spiking higher in the wake of the french election. turning to commodities now, we saw both oil and gold. there is pressure at the french vote cut through the demand. fund managers have been piling into gold. what is the story there? su: we go back to where the statistics reflect before the election, you will see that hedge funds managers are piling into gold, looking at it as a life raft against the declining dollar. those positions are longer-term positions. they really ref

blistering gains.buy into those >> there is a lot of focus on but have you predicted these top five companies heading into such great performance? joe: i would not have predicted southwest. scarlet: thank you so much. tutor -- thenaire industry far back. why they are fighting over risk parity funds and volatility. this is bloomberg. ♪ scarlet: it is time for the bloomberg business flash, the biggest is the stories in the news right now. above the ipo price, $15 each, raising $225 million, which will go toward working capital and general corporate purposes. they are backed by intel, which retains a more than 19% stake in the company. shares of magazine publisher "time" falling today. another group had been in the running to buy the company. "time" has been struggling to adapt to a digital world. chief executive officer of comcast universal was the best paid employee after signing a nude job contract to retain them from august of 2020. a $46 million pay package for 2015. tops that given to his boss. he a

we see futures rising, although not huge gains. the euro stocks 50 futures up, more significant gains in london and frankfurt, not so much in paris. but if you take a look at bunds, it looks like investors -- they had been selling off german debt, and that push the yield up at the beginning of session. they have been buying at the route the first half hour of trade. you can see the trend here is risk off. if you look at the other asset classes, you see a risk off signal from the asian trade going into european trade as well. guy: yeah, it will be interesting to see how the stock stories play out. barclays and bhp are two to watch. the pound is better on that trade. they will be interesting to see how the sector will trade this week -- very important meetings coming up. i think the tillerson story is fascinating. that the meeting is still going on this something to pay attention to. wonh korea down by .8%, the has been softening up. we also have the indian rupee trading. brought ended out -- broadened it out. take a look at the fren

the nikkei is gaining. 18,793. up .7. we have seen a gain in wti. oil gaining $.15 per barrel.ot a lot of risk this morning is what our radar is showing. it could be a risk on day. thank you. u.s. secretary of state rex tillerson has said america is not interested in regime change in north korea. waterts came as the diverted was near the country and heightens tensions over the nuclear weapons and mission. he also told us this week that the program must stop all weapons testing before further deval patrick talks can take place. has declaredident a three-month state of emergency and created a powerful new palmterrorism body area sunday church bombings climbed by islamic state left 43 that. dead. to stabilizerts the country and revive an economy battered by years of nrest area just arsuch will be nuclear option to allow his confirmation. future nominees can be confirmed with a future -- a single majority vote and will no longer face a 60-vote hurdle. it has put more ideologically extreme justices on the court. ending his long wait for a first major title with a thrilling playoff w

we were coming into today with the gain in stocks since the election, but already a gain we were seeing for shares. all of this muting the effect of the tax plan. ,f you look at specific areas we are seeing a little reaction. hr block is one of them, the stock coming down as we talk about specific action of the tax code. -- simplification of the tax code. now it is coming back. the software did not see much reaction. we are trading lower on the day. it is alreadyinto t did not change much. , we have reaction at the u.s. dollar, the bloomberg dollar index. it came off the highs. we are talking about magnitude, not a huge move. the 10 year as well, consider the effect some of the details come out are having on the treasury market and is a similar story. huge.is movement, but not there has been quite a bit of bouncing around within the treasury market today. all of this could change. the last factor is as reporters were talking about, is because the details of the plan -- it does not mean it will get past. scarlet: the opening bid. thank you so much. for the other headlines, let's check in

the nasdaq is leading gains while the dow is edging lower. treasuries slumping as the 10 year edges above 2.2%, the pound extending gains after hitting the strongest level since october. blackrock ceo larry fink sees "warning signs" for the u.s. economy and thinks they 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 estimates thanks to its bond trading. shares reached their best day in two months. there was a few hand. -- hints. julie hyman joins us with more. we have a mixed picture that is the u.s. stock market. the dow is down because ibm is taking a chunk out of it. the s&p hanging on and the nasdaq is doing the best of the three. why? semiconductors. snapshot, theou a philadelphia semiconductor index, which has been hit lately, is up about 1% thanks to lam research, a maker of chip making equipment whose earnings beat estimates. it is helping applied materials and teradyne. another strong performing group is consumer

stocks in shanghai are snapping a streak, a three-day gain.look at the commodities space, we are seeing oil prices back abovee up 1.6% $52 a barrel, and gold above 1260 an ounce, up .7% as we see this flight to safety. a backdrop of the president trump-president xi jinping meeting, when it comes to the fear gauge, trump saying they have developed a friendship, but it remains to see how friendly those trade ties could be. investors are growing skeptical around how intense the could be. that the biggest exchange traded fund, investors have not turned their back on chinese assets good this etf did fall 10% following the november election, but that has been on the rise, touching the highest since october 2015 and march. -- in march. haidi: thank you for that. we will be watching the market reaction is more details emerge response.s. military to the chemical attacks that took place in syria earlier this week that killed the number of civilians. this is all taking place at an extraordinary time or president presidente is hosting xi jinping at mar-a-

three days of gains for europe.n thursday we are lower, but we'll see what mario draghi, super mario, has to say about europe's economic recovery. i think it's too early to say they'll taper or show signs they're willing to squal backcan ge quantitative easing. >> last month he did strike a more hawkish tone than people expected, and investors interpreted it as the end of loose policy at some point early next year. we saw a move up towards the 1.09 handle, so much so that ecb members came out the middle of last month to offset that. it would be a surprise if he struck again a hawkish tone given that just a couple weeks ago we had ecb members stepping away from that. the only swing factor that's happened in between an seen more confident is the first round of the french election. given it's only the first round, i think it would belikely for mario draghi to talk more b. that before the end of the second round. the euro up significantly this week off the back of the french election. oil prices for you, which yesterday