gina martin, whose campaign led to the new laws. quitting x—factor. for those of you who are fans of the show. let's look ata number who are fans of the show. let's look at a number four. who are fans of the show. let's look at a numberfour. this is an interesting story that we spoke to a grime artist about, attitudes to grime artist about, attitudes to grime artists. stormzy has pulled out of the snowbombing festival, because he said members of his team had been racially profiled. he said he had taken a stand because his manager and friends had been, in his words, targeted and aggressively handled by the security teams, saying they had intelligence someone was carrying a weapon. stormzy has apologised to his fans, and the festival is also saying that the security team were acting according to protocol, but it has apologised, the organisers have apologised to stormzy and said they were doing everything they could to understand what exactly had happened. let's look at the most watched. this is rather funny. police hunting look at the

noah weisberg, and gina martin adams. your that was part of thesis p or where about to get facebook, amazon -- is tech the right time to have an leadership? gina: i think romaine brought up the semiconductors as a leading indicator for stocks. when semiconductors are rising, the stock market is doing well along with transports. that is the key. i think it is a very solid sign that texas instruments comes out and talks about -- talks down expectations of recovery into the latter half. can -- and the rise.is continuing to if you look within tech, clearly tech valuations are some of the most extreme across the s&p 500. if you look within tech, valuations are still the most discounted group within tech. room for valuation expansion on this group relative to the rest of the counterparts in that index. if they continue to lead, your outcomes are probably good for the market. taylor: we have the tech, s&p 500 tech index running up to another record. the p/e ratio on this tech stock above the five-year average. caroline: microsoft

it follows an 18—month campaign by gina martin, who was targeted at a music festival in 2017. incident spurred her to campaign for a change in the law. it was one of those things where i didn't have any legal background or political background, so i thought i'd give it a go. i think there is a propensity when these things happen to kind of shout that someone should change things, and i just wanted to try myself. yeah, if you told me i'd be sitting here now and we'd have changed the law, all that time ago, i don't think i would have believed you. i think my advice to everyone as a community would be to call it out when you see it, to support victims and to report it, because if a new law is there, great, but if we don't know about it and are not reporting it, it doesn't do anything. we have to have a picture of how much this happens because it happens a lot. thejustice minister, lucy frazer, explained how the new law will be enforced. there was an opportunity to prosecute people for this type of act in two specific circumstances, either, as you say, under the public offences ac

alix: gina martin adams and emma o'brien, thanks so much. appreciate it. you can check out more charts at g tv . this is bloomberg. ♪ ♪ viviana: this is "bloomberg daybreak." italy's unicredit is preparing a bid for commerzbank if german negotiations fail, according to "the financial times." this is the latest twist in merger talks between deutsche bank and its rival. coming up short in the first quarter. the electric car maker record declining deliveries, stoking fears demand is falling for the cheaper model three. tesla introduced at less than two years ago. one possible reason, shrinking tax incentives for electric vehicles in the u.s. it is the second-biggest u.s. ipo of the year so far. raising $1.1 million. trade web also increased the number of shares it was selling, today the biggest stock trading on the nasdaq. that is your bloomberg business flash. david: the united states and china trade negotiators are back at it in washington today with reports that the chief china trade negotiator will meet with president trump at the what health later in

for more, here is gina martin adams and our bloomberg executive business editor. the news overnight to do with brexit and the extension, donald tusk talking to theresa may and the u.k.. >> this extension is as flexible as i expected, and a little bit shorter than i expected. but it is still enough. we will find best possible solution. please do not wait this time. -- do not waste this time. alix: why not waste it? they keep getting extensions. reporter: some of the companies that are having to deal with this right now, it is just complete frustration. it is just more delays and more uncertainty and frustration when you look at it from a business perspective. david: so the companies are frustrated. is it showing up in the stock price? gina: it is to some degree. broader european markets are up 15%, so there is clear lag in the u.k. relative to the rest of the world. developed markets, anyway. think that isople good to, but there is a big spread between 10% and 15%. you are starting to see a deterioration in business confidence and economic outlook, which will ultim

gina martin adams of bloomberg intelligence. the shanghai composite, still the world's best performing stock market. athens is not far behind. caroline: little greece. scarlet: that does it for the closing bell. romaine bostick is stepping in next four "what'd you miss." this is bloomberg. ♪ caroline: live from bloomberg's world headquarters in new york, i'm caroline hyde. romaine: i'm romaine bostick. joe: and i'm joe weisenthal. caroline: markets in the green for this friday. joe: the question is, "what'd you miss?" jpmorgan gives its shares a boost, but wells fargo disappoints. we get the wells fargo cfo's taken a moment. chevron's $33 billion bet on amazon boost its peers as wall street eyes a revival. and another rough week for lyft as uber makes it ipo case and why elon musk might be a competitor. first, wells fargo announcing its full-year results, delivering a surprise. shares initially rose, but they slid as the bank lowered its forecast. let's join now with the wells fargo cfo, john shrewsberry. they are not looking do

it follows an 18 month campaign by gina martin, who was targeted at a music festival in 2017. it was imposed by the military council, which, after weeks of demonstrations, has deposed president omar al—bashir. protestors say they'll continue their demonstrations until power is handed to a civilian government. from today, us military personnel who identify as transgender must serve under their biological sex, rather than that with which they identify. troops must wear the uniform in line with the gender listed on their birth certificate. president trump announced the policy two years ago, saying it would cut costs and disruption. lgbt groups described the policy as cruel and irrational. abortion services in england must provide a more consistent service to women, the nhs says. the draft proposal from the nhs advisory body, nice, says women should be offered an appointment within a week and a termination a week after that. all services should also accept self—referrals, rather than expecting women to see a gp first. thousands of people, including stevie wonder and snoop dogg, ga

david: let's bring in constance hunter as well as gina martin adams.se numbers. surprising, right? nce: we were expecting it to be stronger. i cannot see from my bloomberg what the components are but it is probably -- we got in addition for trade. we were not importing as much as oil so it is not that we demanded less, it just impacted trade and added to gdp where it has been subtracting and government spending kicked up. we had that is a positive contributor. carol: inventories and trade boosting u.s. gdp by the most since 2013, so we were expecting this. isstance: what we want to do look through that and look to final sales to domestic producers, if you look at that -- i want to break chevron. eps, $1.39, nine cents better than what wall street was forecasting. david: a little bit better the next on mobile. -- a little bit better the next on mobile -- a little bit better than exxon mobile. we want to learn what they're going to do about anadarko. david: there is also a headline from ford. criminal probe of with respect to emissions certification. let

we are joined by gina martin adams and then sing the rela -- -- andcent the rela vincent cignarella. we have some industrials and very big tech companies, but thus far, haven't would be -- haven't we been surprised to the upside? gina: we have. it is better than the long-term average of about 70%. it has also taken the estimates from where we are going to head for the total quarter a little bit higher. in the earlier part of the season, analysts were expecting a 4% drop in earnings. now we are on track for about a drop. generally better-than-expected. still a drop on a year-over-year basis, mostly about financials so far, so reserve your total conclusions until later, but you are right. once we get through this week, we are more than halfway through the market cap as it comes to where we are. alix: does it feel like the beats are counting? vincent: the lobar was definitely set. people were thinking you could -- the low bar was set. people were thinking you could trip over this one. the fourth quarter was almost a layup to make it for the first quarter financials. down the line, we hav

gina martin adams says that is the key risks to the market because china has been priced in. low volatility crushing the banks, in particular european banks. they want to improve profitability, so they're going to cut their way to profitability now when volatility is so low. nothing is going to help the investment banking. skeptical d extent to which this is a -- i am skeptical to the extent that this is a low vol story. got aan banks, you've financial crisis out all in one go. it is this drawn out financial crisis by 1000 cuts that we are seeing drawn out. jobs in france, that is a little bit of pressure. david: it is not easy to cut 750 jobs in france. it is really interesting to me about the volatility issue. when you are a bank, you've got trading. we've got cross asset. this includes treasury. at the same time the european banks are getting hit by trading, they also have negative interest rates. >> typically it is hard for the banks to make trades. that means they can't make as much revenue off of the trades. at the same time, to look's point, we just had a very volatile

joining us is gina martin adams, and still with us is bill smead of smead capital. on for a company like uber with $3 billion in losses? gina: it is difficult to say exactly what to expect from any given ipo. lyft was pretty well subscribed in the start, and we have been bouncing around, trying to find a level on the price. i think ipo's in general this year have been very well subscribed, so i wouldn't surprise to see that again for uber. i think there's a lot of concern on the investor basis where profitability goes for these companies going forward. that is naturally going to create some volatility in the short run. you expect subscriptions to be relatively strong, but volatility to ensue as investors try to work out the likelihood for this company to produce often ability within three to five years -- produce profitability thin three to five years. it is different from a company like levi, which has long profitability people can rely on. bill? what do you think, does this fit into the category of people crowding stocks and taking funds away from some of the more

we are joined by michael mckee and gina martin adams. let's start with what is going on with the economy. let's put the president on a gdpt from friday, "real 3.2% at an annual rate. this is far above expectations. importantly, inflation is very low. make america great again." he does deserve a bit of a victory lap, doesn't he? david: what is the fed -- michael: what is the fed going to do? does going to do what it when there is low inflation. in this case, because of the tax bill, this president probably did have a lot to do with the numbers, but the numbers are kind of interesting. what we will be looking at this week, this is a case of the commerce department knowing something we don't know. you know how your kids do that? we did not get the spending numbers for february, and march wouldn't have been out yet, but they have it, and that is incorporated into the gdp numbers. when we saw the consumer spending, we have to consider that february was also week, so we may not get great numbers today on the spending side. what does that mean

gina martin adams says the rest of the market looks good so as long as the fundamentals remain strongline growth. the ebit margins look concerning and part of that brings in the paypal conversation, trying to lower credit card payments via a partnership could turn the ebit daw margins back to growth -- ebita margins back to growth. francine: there is quite a lot going on when it comes to markets. there was a big move in oil. brent lost one dollar in five minutes. look out for gdp figures and oil. tom: a lot going on, a lot of good conversation, and we thank lisa shalett and george bory for framing the decisions that have to me made -- have to be made over the weekend in this truly historic bull market. aret now year to date, we up 17% on the s&p 500. the nasdaq composite up 22% year to date. this is bloomberg. ♪ w?w?uhi?só'ñó ♪ amazon silly -- amazon takes the lead. another day of record u.s. earnings. economists expect u.s. gdp to come back, but disagree on how much. lower revenues to come as deutsche bank figures out what it is going to do next. welcome to "bloomberg daybreak" on th

next week we have new shows with dax shepard, martin short, gina rodriguez, lionel richie, linda cardellinion horgan and isaac hempstead wright, plus music from weezer, christine and the queens, rufus du sol, and lizzo and a special appearance from lil dicky, too. please. >> jimmy: us for all of that. our first guest tonight is an actor and a director and an avenger, too. he returns to the marvel universe as war machine in the bigly-anticipated "avengers: endgame" it opens in theatres april 26th. please say hello to don cheadle. ♪ >> jimmy: how are you? >> very good, very good. >> jimmy: you look great by the way, very relaxed and yet stylish. i feel like tomorrow we're going to see you in a magazine and they'll break down what don's wearing. >> does anybody get that magazine? >> jimmy: they're all magazine writers. [ applause ] you know i don't know if you were watching the monologue. there's a guy named dave who won a lot of money. and he said we could go around and spend $10 million in a day. >> yeah, like it was nothing. >> jimmy: i said one, he upped it to ten. >> i know. you're a very

tomorrow night, martin short and katie stevens, with music from christine and the queens. and later this week, ginaonel richie, isaac hempstead wright, y he is graham on "game of thrones." rob delaney and sharon horgan, plus music from rufus du sol and lizzo. please join us for each one of those things. [ applause ] i'm very pleased to announce that this year, april 15th is not only tax day, it's dax day, too. our first guest is and actor, writer, director and podcaster and star of a brand new show called "bless this mess" that premiers tomorrow night here on abc. please welcome daxx shepard. [ applause ] ♪ >> jimmy: very good to see you. you look very handsome. >> you do, too. >> jimmy: i never know what you might be wearing when you come out. it would really range wildly. >> i try to wear a suit on this show out of respect for you. >> jimmy: you do. thank you. >> and quite often we have the exact same suit on but tonight you have a lot of texture both in your tie and your jacket and i like it. >> jimmy: perhaps we should coordinate. >> have each other's number so no reason we couldn't work this o

it follows an 18—month campaign by gina martin, who was targeted at a music festival in 2017.he law. it was one of those things where i didn't have any legal background or political background, so i thought i'd give it a go. i think there is a propensity when these things happen to kind of shout that someone should change things, and i just wanted to try myself. yeah, if you told me i'd be sitting here now and we'd have changed the law, all that time ago, i don't think i would have believed you. i think my advice to everyone as a community would be to call it out when you see it, to support victims and to report it, because if a new law is there, great, but if we don't know about it and are not reporting it, it doesn't do anything. we have to have a picture of how much this happens because it happens a lot. thejustice minister, lucy frazer, explained how the new law will be enforced. there was an opportunity to prosecute people for this type of act in two specific circumstances, either, as you say, under the public 0ffences act, if you were doing this act in a street, a very p