gerry: how did we get here?we got here -- well, or there's a lot of different theories about this, but one of them is this political scientists talk about something called motive attribution asymmetry. it's a fancy way to get tenure, is what that is. [laughter] basically, the whole idea is when you have two warring parties, ideologically or literally warring parties, and both sides think that they're motivated by love, but the other side is motivated by hatred for them. this is what you see in the palestinian/israeli conflict. but we have seen for the very first time that the level of motive attribution asymmetry between democrats and republicans is as high as between israelis and palestinians. this happens typically in the wake of financial crises was there's at lot of envy, a lot of competition for resources, where populist politicians step into the breach with, and they always have the same message. somebody's got your stuff, and i'm going to get it back. gerry: but this has been going on for a while, right?

gerry: robert, final, brief word from you. another overhaul of this whole special counsel process? >> hard to say because, remember, you have to put it in context. there are significant constitutional questions that remain by virtue of experience as to whether or not the independent counsel statute was even constitutional. it severely circumscribes the president's executive authority in order to set up ap independent counsel that is independent from everybody, the congress, the court system, by and large, and more -- most importantly, the executive branch. and with regard to a report requirement, now we're in an environment with regulations that were instituted by then-attorney general janet reno. that's a regulatory environment which is the department's prerogative. if congress wants to change that, they would have to pass a law in order to have that occur -- gerry: we're going to have to, we've got to wrap it. thank you so robert and caroline polisi. i'll be right back with another high profile case of what some call espiona

gerry: thank you very much, indeed. at what the debate over the mueller probe, where it's going and when it may finally come to an end. building a better bank starts with looking at something old, and saying, "really?" so we built capital one cafes, with savings and checking accounts you can open from here in 5 minutes. this is banking reimagined. what's in your wallet? it's been a long time since andrew dusted off his dancing shoes. luckily denture breath will be the least of his worries. because he uses polident 4 in 1 cleaning system to kill 99.99% of odor causing bacteria. polident. clean. fresh. and confident. of odor causing bacteria. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum. ♪ ♪ gerry: robert mueller may have found no conspiracy between the trump campaign and the russians, but it's already clear that the conspiracy here to

gerry: what exactly the planning to rebuild?a tweet from the former president barack obama this week saying, notre dame is one of the worlds greatest treasures. we are thinking of the people of france in your time agree. it's in our nature to more normalcy history loss but also in her nature to rebuild or tomorrow as strong as we can. think about those words, treasures, history.it is not a church that they want to rebuild but a museum. how fitting. that is religion these days belongs. the faith that built this great cathedral. perhaps it is understandable. the secular creed is advancing just about everywhere. but it is i think on how far we've come through christianity has a long and some respects missed issue. but there is much to treasure in it. and it is a cornerstone of the great civilization that built the west after all. is it too much hope the moment of destruction might prompt more refraction on the virtues of the west, history and civilization and a little less on continuing cultural self emulation. that is it for us th

gerry: what are they planning to rebuild?obama saying - think about those words. treasures, history. in other words, it's not a t church that these leaders want to build but a museum. how fitting. for the political and cultural astonishment that's where religion these days belongs. the faith to build this great cathedral and perhaps that's understandable because the secular creed is advancing everywhere in the west. the telling comment aou how far we've come. christianity is a long and in some respects missed history but there is much to treasure in it. it's the cornerstone of the great civilization that built the west after all. is it too much to hope in this moment of destruction by prompt more reflection on the virtues of the west history and civilization little less on our continuing cultural self emulation. well, that's it for us but i'll be back next week with more in-depth interviews with your on "the wall street journal". thank you for joining us. ♪. bret: he came within a hair of the 2016 democratic nomination. speak

gerry: the american system. raef: of his indictment. what? gerry: the american system. [laughter] raef: even the american system, the indictment is already there before he was elected in the case of israel. is reallyis problematic. alreadyidates, they declared, both of them, first of all, they both said that part of the coalition agreement is that all partners of the government will commit to support what they call the french law, which gives asunity to prime ministers long as he is in office. tot means giving immunity netanyahu from any possibility of prosecution. second, there are proposals to change the legal system and the role of the supreme court. , asisraeli supreme court the american court, has the power to strike down laws that are unconstitutional. they have not used this, probably only a couple of times on marginal issues, but even then, for this government to think this is too much power for the court. beware, the last few appointments to the courts were appointments of the formal government, which itself was a right-wing government. , they dothose judges no

for the latest let's go to gerri willis. she is at the new york stock exchange. gerri?eporter: charles, you got that right. it has been very exciting down here. we followed pinterest over here watching this company come public this ipo market coming hot there were two ipos at that position today, two of them the pinterest, the stock up 27%. you remember last night they were priced at 19. they're now 24 and change. what is interesting about this, 250 million active users, revenues of 750 million. they were up 60% year-over-year on that top line. no profits yet but their profit loss is narrowing. it is getting small letter pretty significantly so by 8 to 14% quarter over quarter according to the s-1. uptown at the nasdaq zoom coming public too. that is videoconferencing software company. their shares on fire, 78% pop. this is amazing move. they were priced at 36. they are now on fire. they value the company at some 10 billion. these companies are raising a lot of money in the capital markets. you got to think about the ipo market, how long can it stay this strong? i posed

go back to gerri willis. operating loss of 20,183,000,000,000. what else are you seeing, gerri?ter: 3.30 billion, to be specific. that is a big number. we're seeing this across the ipo field, big losses we're following each and every headline on uber we're getting this afternoon. of course they filed the s-1 at 4:00. gross bookings for the year-ended december 31st were $49 billion. uber said net income attributed to the company for 2018 was 997 million. you see net income, you compare then to the losses of income, not even close. revenue for 2018 was 11.27 billion. meanwhile, we're seeing just an incredible number of bankers backing this ipo. morgan stanley, bank of america, citigroup, goldman, all-star list of backers. back to you. melissa: yeah, i mean you have got all the good details. a few more they will be listed on the new york stock exchange under uber. that makes sense. you really don't see anyone missing from the roster of those going to be underwriting it. fascinating stuff no doubt. we'll come back when we have more information. thank you, gerri. >>> under arrest nea

conversationsund, to be had with gerry fowler.hike for netflix could have contributed to the crowded outlook. i am sure i can hear chips being eaten in the background. it goes with the netflix story. outstanding. ♪ ♪ tower,e freedom citigroup and the bottom, one of the new residential palaces on the right, the chrysler building so elegant. in the distance, the freedom tower, and a rainbow in new york on a day that is a new york yankees rainbow. let's get the bloomberg business flash. happening,s what is intel giving up a failed quest to break into the mobile market. intel dominates the world of computing but it's one significant mobile client will return to using qualcomm chips. 5g offers no path to profitability. the billionaire founder of the company that assembles iphones is planning to run for president of taiwan. he will be seeking the nomination of the opposition party. he said a physical chinese sea goddess told him to support peace in china. 24%, theng as much as team knocked out of the elite champions league competition b

gerri willis has those for us. gerri. reporter: connell split decision. 22.25 a share for earnings -- 2.25 a share for earnings. they're missing on the top line. this is the story we've seen time and again. beat on the bottom line, a miss on the top line. but here's the good news, ibm is maintaining eps for the year. so no negative guidance for the year. it is positive, maintainingfied dance on cash flow. but stock down after hours. after being higher it is negative, down 1.65% as you can see right here. the stock had been up since the last earnings report january 17%. they're betting big, big on the cloud. this should be important with 5g coming but in this earnings report tonight they're maintaining earnings guidance for the year. this is what people are looking at when you look at these earnings reports. a beat on eps, a miss on revenue. back to you. connell: ibm, netflix, both selling off. gerri, thanks. melissa: we'll have more of senator bernie sanders comments from the very heated fox news town hall last night and

gerri, thank you. connell: jonathan and our panel still here listening in, gerry's phrase, negative speed back applying to lyft and what may happen to uber. what do you say? >> today basically a gnat market but one very red number across my screen, connell, shares of lyft, as you said. new all-time lows, 52-week lows again and again, that is normal when a stock is it priced a little bit high. keep in mind this isn't just the ipo. this is among the unicorns, these mythical private companies just now starting to come public. connell: right. >> this is a sense the tip of the spear, the most speculative parts of the market, if that can't hold on i can't say it bodes too well for nasdaq writ large. if uber and lyft can't make it, they will have trouble. connell: john? >> those companies bring back memories of 1999, when high-tech bubble was just about to burst and i will predict when that next recession cops a lot of the damage is going to be in those segments of high technology that are losing money and ma

here in massachusetts, eldridge gerry signed off on a redistricting plan that claims him the terms of prosperity, gerrymandering james madison's war bill moved through congress and customs duties doubled. british forces searched to the modern-day michigan and napoleon swept into russia. from the retirement just down the road here, john adams kept in touch with old contacts and commented generously on the fluctuating world theme. so i had plenty of long monologue letters to work for transcribing while he commented on all of these events and i also had a chance to get his voice in my head. thanks to the efforts of mutual friends and benjamin rush, john adams romance with thomas chuck was back on. by early 1812, the statesman had resumed her lively correspondence with a new level

go to wills wills with more on this -- gerri willis with more on this one. gerri. reporter: fell more than 25% since friday. their high that day, ipo day. lyft shares hitting new low at $68.10 a share. after closing 69 yesterday. a little lower here, 68.97. it's a rough day for the unicorn as investors short the stock. so much for unicorns you have to say. move on to boeing here. news this afternoon, whistle-blowers claim u.s. faa inspectors, some who worked on now grounded boeing 737 max did not receive proper training or valid certifications. senate republican commerce chairman roger wicker in a letter to the folks at the faa making this note and asking a lot of questions about that. i'm sure we'll be getting details in coming days and finally, let's talk about tesla. we're expecting quarterly auto sales coming up. here are the expectations. first quarter total deliveries estimated at 72,670. the vast majority of these model 3s, some 52,000. the outlook for 2 q, estimated 90,170. so we'll be waiting for those numbers, today, tomorrow, sometime soon. getting a bet

hi, marcus, gerri. >> gerri, nice to meet you. [horn honks] this is the whole kitchen?> this is the entire kitchen. >> this kitchen is tiny. i'm shocked by the size of this kitchen and the lack of equipment in there. i don't know how she even cooks anything, let alone contribute to the $500,000 coming out of her department. be nice if you had more space. >> it would be great to have more space. that's the biggest problem we have. when we're plating at night and a full bar of 75 people, it's really hard. it's tight. [car alarm chirps] >> just hearing from some of the other team members about the place, i think the biggest thing is there is no leader. >> no. >> no? when i was called to come here, i think they assumed that i would just come in and just write a check. >> yeah. [laughs] >> and the reality of it is, is that i am not convinced yet. >> are you the grim reaper, or--[laughs] >> me? >> yeah. >> sometimes. i don't really know where the leadership is. i don't know who the owners really are. >> if there's changes to be made and sacrifice to be made, we're willing. >>

gerri, did you hear you gained sarge's respect? gerri: i did. that's pretty amazing. wow. okay.e tell you, consumer good giants unilever posting stronger than expected first quarter growth. the company says growth was fueled by, get this, dessert products. they singled out their new heal healthier product magnum bars. after four straight losing quarters, pier one imports making a change at the top. nancy walsh is out after nearly a year at the job. she will be replaced by deborah reader, who is currently a managing director in the turnaround and restructuring business. shares plunging after they lost $61 million in the first quarter and announced plans to close at least 45 stores. [ inaudible ] t-mobile jumping into the banking business with t-mobile money, a new checking account that requires no minimum balance and has no monthly or overdraft fees. if you are a customer you qualify for an interest rate of 4%. >>> coming up next, as presidential candidates rush to rip apart the mueller report, what will be the impact on voters? stay with us. i switched to liberty mutual, because

gerri willis on the floor of the new york stock exchange. to gerri in just a moment. with blake, much of the focus on venezuela we start with you. reporter: connell, we were told president trump was first made aware out of fast moving developments out of venezuela. 6:00 in the morning, national security advisor john bolton says the president has been following this on a minute-by-minute basis. the u.s. government continues to stand behind the opposition leader juan guaido who says operation libertad is in its final phase. the u.s. government warns nicolas maduro not to take action against the venezuelan people. >> all options remain on the table. i simply will not be more specific. recall right at the beginning three months ago we said it would be a big mistake for maduro and those supporting him to use force against innocent civilians. we felt strongly about it then. we feel that way now. reporter: bolton says what is going on now is not a coup. that is clearly a term from which the administration is trying to steer coup. >> importantly we do not consider it a coup b

gerri willis has the latest from the new york stock exchange. gerri: that's right.on behalf of investors accuses boeing of defrauding share holders by concealing safety deficiencies in the 737 max planes before two fatal crashes led to their worldwide grounding. the software patch expected to be completed in the next three to four weeks. according to the suit, boeing effectively put profitability and growth ahead of airplane safety and honesty by rushing the 737 max to market, while leaving out extra or optional features designed to prevent the ethiopian airlines and lion air crashes. the lawsuit seeks damages for boeing stockholders from january 5th to march 21st. the suit was filed in u.s. district court in northern illinois. boeing told us they had no comment on the lawsuit. the company said on tuesday aircraft orders in the first quarter fell to 95 from 180 a year earlier with no orders for the 737 max following that worldwide grounding. >>> and get this. today marks the one-month anniversary since the crash of the ethiopian airlines flight. down 13% over that p

back to gerri willis who is covering that for us. how did visa, do, gerri? reporter: double beat on top and bottom line. $1.31 a share against expectations of 1 to in$24 a share. revenues 5.5 billion, expectations of 5.74 billion. a very good quarter. this stock has been on fire all year long, up 22%, moving higher. about half a percent. other metrics payment volumes 8%. cross-border volumes up 4%. all important, even more important than last quarter's results they increased their outlook for the year. very good quarter, visa, mastercard having good year-to-date. people spending more money on their credit cards. connell: that makes sense. stock price is down after hours more than 1%. facebook and microsoft gaining ground. this busy day continues. we're still waiting on tesla. we'll bring you those numbers as soon as they come out. good start here. melissa: revenue growth for visa, mid double digits on nominal basis going forward. like you said, that is a look how the consumer is doing, how much they're willing to spend. that is good news for the overall econ

let's go to gerri willis with details. gerri? reporter: melissa that's right. we were waiting for this for months. details of disney plus. that stock up 11 1/2%. they gained more than 21 billion in market cap on this announcement. they will feature, family friendly content, marvel, pixar, documentaries. this will be rolled out at price tag of 6.99. they will bundle espn plus, disney plus and hulu for a discount. what is good news for disney, bad news for netflix. those shares down 4% on the downside, as people began to think about what will disney's plan do to netflix. meanwhile everybody on the floor today, talking about an oil patch deal, chevron buying anadarko petroleum. 33 billion-dollar deal. all eyes on oil today and it is fueling speculation a new wave of consolidation is underway. pioneer natural resources concho, noble energy, looks like we'll have more tie-ups in that business. back to you. melissa: gerri, thank you for that. connell: one of the biggest ipos they tell us in years, uber but the company is out warning potential investors there is that

connell: that is the way to do it, gerri. thank you. as we bring in our panel, jonathan hoenig capitalist pig hedge fund founding member, fox news contributor. todd horowitz, bubba trading show with us today. first, jonathan, gerri talking about with the ipo, pinterest, zoom, either one make jonathan hoenig excited what do you think. >> the question not whether they make me excited, connell, what do they do for the market writ large. these unicorns are setting the stage. the response to lyft shock ad lot of investors. this was highly anticipated ipo. has not done so far down 25%. we'll see what the response is to pinterest and zoom. 24 new highs, 89 new lows. markets are waiting, watching, keeping abreast what happened to the managed care stocks. those are down 15% since the democrats are talking about "medicare for all." a quiet day on wall street. the question is it the calm, or calm before the storm? connell: calm before the storm, right. speaking of which, that is, todd a decent transition to the other, a big event that we will have

gerri willis on the floor of the new york stock exchange. edward lawrence is in d.c. blake burman at the white house. susan li at the nasdaq. let's begin it all with edward in d.c. which has been quite a day to say the least, edward? reporter: a little light reading here in d.c., ashley. democrats zeroed in on the obstruction of justice issue. the report outlines 11 episodes could be viewed as obstruction of justice. of those 1110 are viewed at the president. firing of james comey is one of the incidents the special counsel examined the report says quote, firing comey would qualify as obstructive act if it had the probable effect interfering with or impeding the investigation. it did not. the investigation continued. attorney general william barr says he took into the account of cooperation the trump administration gave to the special counsel as well as the fact that the president did not exert executive privilege over information in the report. >> the deputy attorney general and i concluded that the evidence developed by the special counsel is not sufficient to estab

gerri willis, what have you got for me now? gerri: all right.dded 23.5 to the price on 9.5 million shares now so they are getting closer. they are easing their way into getting this stock open this morning. it takes awhile down here. there's a lot of conversation, price discovery is a long thing but -- this is it, guys. we are close. $23.75 on ten now. $23.75 on ten. that's what we're hearing. this is a big ipo, to be sure. 75 million shares. we are watching at price discovery, a newly public company. that's what we are talking about. why do people do this on the floor of the new york stock exchange, because they have people who will negotiate these prices. it's not about the machines. it's about the human beings negotiating this price. we have been talking about pinterest all morning. one of the interesting things about this company, it has no earnings, no profits, as you know, but they are narrowing those losses. revenues up 60% year over year. the biggest risk according to what i was reading last night, people lose interest so they have peopl

gerri: amazon, amazing story.rce giant sending a shot across the bow of retailers this hour with plans to offer one-day free shipping to prime members. the amazon staple adding shares to the cart this afternoon. two of the biggest names in shopping being put back on the shelf. walmart and target feeling the sting of amazon's shipping jab as we head to the close. walmart is down 2%. target is down 5.7%. toy maker mattel caught in today's market tug-of-war, bringing smiles to its investors' faces before falling into the red. mattel signaling an end to the pain caused by last year's toys "r" us bankruptcy. shares jumping for joy to the tune of 11% intraday before falling into the red this afternoon, now trading down 1.1%. >>> up next, imax ceo rich gelfond talks "avengers: endgame" hitting box offices worldwide. stay with us. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and

gerri: liz optimism about trade fueling stocks today, the s&p 500 reaching a six-month high up six points the dow up 166 point points the nasdac struggling, and meanwhile all eyes on boeing that stock higher after a successful test of the 737 max, in which the ceo sat next to pilots as they tested this new patch for the 737 max and also a report from ethiopia showing pilots not at fault in that crash, and elon musk told by a judge in new york that he and the sec needed to settle their disputes over tweets during the next two weeks and tomorrow morning going to be very big for traders down here as the monthly jobs report is released, expect creation of 180,000 new jobs to be released in that report a 3.8 % jobless rate, that's what we see down here. liz back to you. >> liz: thank you, gerri and don't miss maria bartiromo's jobs in america show, tomorrow, her coverage rather at 8:00 a.m. here on the fox business network , that's breaking news that maria bringing right to you you want this before you start your trading day. let's get to the democrat fight to get six years of president trump'

go to gerri willis for details on this one. gerri? reporter: that's right. so herman cain's appointment as federal reserve governor is moving forward. the president expected to send that forward to the senate in short order. former gop presidential candidate, former godfather's pizza ceo. he served multiple roles in the kansas city fed, most recently as chairman. we'll be watching for that. shares of boeing are higher today after a report on the crash of the 737 max in ethiopia. said pilots were not at all. you can see this stock up 2.89%. here as we are in the close. here is why, according to traders i talked to, successful test flight of a 737 max in which ceo dennis muilenburg rode alongside the pilots believe it or not to test out the new software patch. that is what had investors interested in boeing today. interesting muilenburg also apologizing for the crashes. finally the question everybody has wanted to have answered, jeff bezos, what will be the resolution of his divorce? what will happen to his huge stake in amazon shares? he will be keeping 75% o

gerri willis at the stock exchange. gerry thank you so much.hanges everything on fox news channel. a final word as the concert appears to be ending as they honor notre dame in paris on an april evening. ♪ ♪ ♪ >> neil: these are the 2020 presidential candidates for now and a lot of them rail against the rich always. but bernie sanders just went a little bit further. >> are people going to pay more in taxes? yes. but at the end of the day, the overwhelming majority of people are going to end up paying less for healthcare because they are not paying premiums co-payments and deductibles. >> neil: all right, here is the differentiator from that chat last night. senator sanders saying people are going to pay for in taxes and by the way not just the rich or the very rich. maybe you, too. he says when it comes to healthcare we will all be richer for it because people will be happy because of it welcome, everybody'm

gerri willis from the new york stock exchange. gerri.eporter: this is one of your favorite sectors i know. the oil patch is on fire with chevron acquisition of anadarko petroleum. 33 billion-dollar deal. chevron shares down, anadarko higher. this gives chevron a foothold in shale. if you thinking of permian basin is over, done, tapped out, traders telling me today ain't the case. in fact this could be the start of a major consolidation in the industry. the companies that could get acquired here, showing them right now, noble, pioneer, concho, i will add two other names i just heard from a trader wpx energy and devon energy. who could acquire the companies. chevron, royal dutch/shell,bp. occidental came out for a bid with anadarko at $70. shareholders looking what happened to our bid? probably a lot of conversation going on. we haven't heard any other news on this so far. traders telling me this is a vote of confidence for a sector that has been under pressure with pricing. prices have come up lately and now you're seeing what could be th