. >> record highs on wall street interestingly enough bond giant jeff gundlach sees big trouble on the a call yesterday he told investors if you're a trader or a speculateder, i think you should be raising cash today, literally today. gundlach reiterated his call for a coming summer correction in the stock market it will be interesting to see if he changes his view on emerging markets. he made one of those big calls in 2017 to gomerging markets, and he's been pretty right. >> so much of that on the pull back on the dollar that hurt emerging markets that's the focus if the fed came out today and did telegraph much more hawkish tone going forward, you would see emerging markets pull back >> i would say that earnings picture has dramatically improved many of these emerging markets including india and china, that has reconfirmed this bull rally. >>> moving on to the top corporate news stories uber board member david bonderman stepping down after what he called an inappropriate comment about women. at the meeting bonderman cut off arianna huffington jokingly saying more women on the board m

our reporter mabel gundlach travelled there and found herself in some pretty risky situations.rvation work is certainly not for the faint-hearted. or at least that's what jordanian princesses say. correspondent: these sheep get milked twice a day. there are 300 of them, so it's hard work. in total, the herd numbers around 700 animals. in spring and summer they graze here in the pasture area near al jizah, east of the city of madaba. the land is leased by abu mohamed. he's the head of a huge bedouin family that has traditionally lived from livestock farming. >> we originally came from jemen. we emigrated to jordan over 300 years ago. a number of tribes came together here, and today we share the main region. correspondent: he and many other livestock farmers in jordan are now struggling with problems caused by desertification and overgrazing. in order to ensure that his herd survives, abu mohamed relies on another grazing area ain ghazal. in a car, it's an hour's drive away. getting the sheep there takes two days. in the winter months his livestock graze here near the dead sea. b

microsoft is at 67 we're going to pound the table you can't do that to people. >> to be fair to gundlach, he is talking about traders. if you're long term, you could weather whatever increase in volatility. >> when you read gundlach's notes i'll be very candid here you would be short heavily you would be short heavily coming in on day when the s&p hit at an all-time high and the dow at the all time high nobody has the money to be that short. you have to own the fact that he's dead right on the bonds but he's striking out going for this home run you know where there's no room for that in the equity markets. >> we are keeping our eye on developments out of alexandria we are on watch for a press conference, the alexandria police saying the shooter is in custody. no longer a threat in the meantime, trying to watch the movers here in the early going. h&r block, jim, 8% mover to lead the s&p. >> i went over that conference call good for bill cobb he said, jim, the ceo. he is buy the way, outgoing ceo. he said, look, we are putting it together this quarter. to do it yourselfers, we have offered

sebastian: jeffrey gundlach has said the establishment in washington is trying to run out the time onministration. he spoke during televised senate testimonies by attorney general jeff sessions. he called the political conflicts a sideshow or entertainment. being used to obstruct the president's agenda. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy: think you very much. theresa may is under pressure to abandon her plan for a hard brexit. has broke cover to suggest he stay in the eu as she tries to broker a deal with the democratic unionists. lots of questions, let's start with the straightforward one. irish business. what is the view in ireland, the business community, inside ryanair about how the situation changed, if at all, last week? >> it has changed and quite quickly. we have gone from a hard brexit, focusing on immigration in the narrative being a softer brexit that focuses on the economy. that is a good thing. people in ireland, in business would support. people in the u.k. nearly a year after

. >> it so sounds to me like you subscribe to the gundlach newsletter, if you, which is, there is a bubble in passive index buying it's going to lead to a more volatile situation later in the year you would do a pair of trade being short the s&p and long say eem or europe, which i know you like as well that makes sense that's the point of view he put forth in may >> i would say that, you know, i mean, that's -- what we've been doing at gluskin schef, we're not shorting anything, but we have been taking profits in the u.s. market and we have been deploying it, really in japan. and i would say in continental europe, which husband much greater cyclical tail winds and liquidity tail winds, but also has a much more profound political re-rating positive right now in the wake of these french presidential elections and the parliamentary elections. so i think the case to be made that europe is probably a better place to be, that's been the case all year long we all focus on the fang stocks. i understand that. but the very boring german index was also up almost 20% for the year and that is an econom

have moved beyond the collusion thing now and are moving into the obstruction of jeffreything, and gundlache an interesting comment during his podcast -- this was simply an attempt to run up the clock for trump. hope this thing will end soon, and i think it will hurt the in thets, quite frankly, 2018 election. people are sick of it. they want solutions to their own problems and not baseless investigations. mentionfore you go, you new followed ron wyden when you were living in organ. what do you think of him in his work in this investigation and some of the other panel members as well? who has asked the best questions here? who has done a good job in their oversight response abilities? caller: i would say that cotton -- senator cotton. he kind of compares this to a jason bourne movie. you have this many people keeping this under wraps with no proof, no dates, no people, it amazing. you would have to be -- i do not know how people fall for it, quite frankly. i want no dates, times, people, -- i want to know the dates, times, people, what was said. where is the crime? i've an evenhanded person

nejra: meanwhile, jeffrey gundlach says the establishment in washington is trying to undermine donald trump by running out the clock on his administration. he manages the $53.9 billion return bond fund and called the u.s. political conflict a "side show of entertainment being used to obstruct the president's agenda." raised its growth estimate for china for the second time this year, while cautioning deep reforms are still needed to break away from debt fueled expansion. the washington-based fund said the world's's economy will expand by 6.7% in 2017. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. this is bloomberg. francine: thank you both of the u.k. prime minister theresa may is coming under increasing pressure to abandon a hard brexit as she tries to put together a parliamentary deal to stabilize her minority government. two former conservative prime ministers will reassess her approach to leaving the european union. in separate interventions, david cameron urged the prime minister to collaborate with rival politic