guy: live from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: a week of deals, turnaround stories, and more. looking at markets, s&p down by .6% as is the dow. 27%,q, mattel up outperformed across the board in earnings. analysts are very excited about the toy shows. we will talk about the contrast with hasbro. the amazon story, the perfect intersection of politics, media, and business. there is a lot to unpack in this story. 2.2%, and notown sure if that is due to anything currently happening. another new ceo. lots of stocks on the move. guy: but talk about what the big picture looks like. stoxx 600 down by .6%, continuing the selloff, very aggressive selloff from yesterday. this is a fascinating, the german ten-year has a yield of zero.awfully close to we see yields falling today. btp, italian bond market selling off, yields rising. the bund spreads continuing to widen out and we track towards the 300 basis point spread that got us excited in 2018. , the german fin tech company, this is a one-year chart. off we havepic drop seen. we saw

guy? guy: i have a great chart. figure out a way to talk about the shutdown and the impact that is having and how to relate it back into what is happening with the markets. so, earlier on we saw the small business index coming out and what i have in the white line is the optimism index. this has been hit hard by the shutdown we have seen coming out of washington, which has really ripped into the small businesses and sme's. the optimism index has been dropping sharply as of late. but what we have seen in the russell is that the russell 2000 has bounced back. so, which one is the lead indicator and which one will be following? theoretically, if we do not get a government shutdown, maybe the optimism index will bounce back and the russell moves higher. these are pretty correlated on a regular basis. fall,t continues to because we are talking about a recession, the russell could be in the wrong place. we have this juncture, we have the russell moving higher, the optimism index moving lower, so one of them will end up pr

lemonis: congratulations, guys. get your ass to work. ♪ what's happening, guys?rcus! lemonis: one of the things that i thought we could talk about is what the plan and the process are gonna be. we're gonna rebuild a brand using social media, using packaging, using product development. my biggest concern is, i don't know what your story is today. we probably need to go back and make a brand-new generation-one watch. and it needs to be something different and proprietary that nobody else can get to. we're no longer gonna downplay the fact that this company has a mission. in fact, we're gonna amp it up. we're gonna get back to the 10 colors and the 10 charities, and then we're gonna add some things that make it even more unique. all right. let's go to work, guys. trevor: beautiful. ♪ karlo: hello, guys. welcome to shiekh. lemonis: how are you?! karlo: how you doing? lemonis: i'm marcus. karlo: my name is karlo. nice to meet you, marcus. lemonis: are you the manager here? karlo: yes, sir. i'm the store manager. lemonis: one of the things that the guys need to think a

tranchina: all right, listen, guys, guys, guys, that's enough of this.'m not gonna go in for this. this ain't gonna happen here. hey! hey! fuji: that's the [bleep] that i left this place. tranchina: that's enough. fuji, that's enough. don't let this happen on tv. stop yourself. sammy: after six months of [bleep] doing what i had to do. fuji: i was here every [bleep] single day on time. lemonis: changing the menu isn't that hard, nor is renovating the place, but getting people to co-exist and work together -- that's the hard part. there are some deep-seated issues here, and quite frankly, we need to rip the band-aid off. sammy: get the [bleep] out of here. i'm done with this conversation, too. covello: okay. okay. sammy: get the [bleep] out of here. lemonis: you know why he doesn't like it? 'cause he doesn't want to argue. but i know there's more issues 'cause i see the reaction. sammy, like that, bud. sammy: this is why i walked away from it. this is why i abandoned this place. -lemonis: all right. -sammy: this is the reason. i'm [bleep] shaking. i can't

guy? guy: we will talk about mining companies. surging, world's largest company is not reaping the rewards. this is bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. vonnie: i'm vonnie quinn. this is "bloomberg markets." it is time for the business flash. -- here is a look at some of the biggest business stories. it is the biggest blow to the british auto industry. the plant is the nation's largest -- fourth-largest factory. it will close in 2021. honda is making the move as it speeds up its commitment to electric cars. offered brca2 protection implants to close 500 more north american -- payless has offered bankruptcy protection and plans to close 500 more north american plants. the former nissan chairman -- ghosn could get 10 years in prison if he is convicted of financial misconduct. that is your bloomberg business flash. let's talk about what is going on in the money sector. bnhhp is coming up short -- is coming up short -- bhp is coming up short. we have seen a massive spike in oil prices. like bhp, a company do you have

guy: and in london, i'm guy johnson.s is the "european close" on luber markets -- on "bloomberg markets." let's go to abigail doolittle. abigail: take a look at the dow. investors are waiting for more cues amount of earnings season. take a look at the metals. copper is up. gold is higher. copper is seen as a risk on metal. whatencouraging signs of traders think of copper. we do have a rally helping metals. let's look at the dollar index. not doing a lot on the day, but we see coming down from the highs of .2%, so a tailwind. let's look at the individual movers within the metals and mining space. the index is up 3.3%. we have two big upgrades. copper, ave southern double of great at citigroup from a two-way buy. and areysts encourage bullish on copper pricing, similar to morgan stanley last week. those shares of 30% this year, on pace for the best quarter since 2017. marigold also trading higher. take a look at the british pound. this is the three day, intraday chart. we have seen it up 3%. the best three days in three we

lemonis: thanks, guys. xavier: awesome. thank you. ♪ ♪ lemonis: hey, guys. sunshine: hello.nis: have you gotten any sleep? sunshine: no. xavier: no, no. lemonis: you look like death, but i'm glad that you're working hard. do you guys want to do a presentation? charlotte: okay. let's get it set up. lemonis: all right. let's go through it. charlotte: okay. so, thank you guys for having us today. we're really excited to be here. so, the last time we saw you, jon... lemonis: "my name is..."? charlotte: jon and john? lemonis: no. no. charlotte: oh, that's right. i didn't do that. lemonis: your name. charlotte: i'm charlotte. i'm the ceo, and i'm excited to tell you about the brand that we've been developing. we, um... [bleep] ♪ lemonis: okay. i just want to tell you guys something. any of you at any point throughout the presentation, pipe in. anytime you seem them fade, keep their attention. i'm not going to give charlotte a pass here. i know she's tired, but if you want to be the ceo, that's what comes with the territory. charlotte: so, we've been working to create this brand. i

guy: guy: are brussels and dublin seeing eye to eye at the moment? the deputy mccabe clear that the --sh are not backing down making it clear that the irish are not backing down. this is what to be very hard to deal with. ; -- point to be very hard to deal with. maria: it is very hard to deal with.we have just weeks ago until brexit day . 95% of this deal is done. it is really the irish backstop that is the sticking point and to derail the deal. point, the eu has sided with the irish government anytime. -- many times. said thathave also the final deal make it clear in the u.k. parliament with about one -- that one. both houses will have to ok the final deal. behind the scenes, we have heard that maybe we need to start getting creative. when it comes to limiting the backstop, we have only heard it from governments like the polish, which is not one of the favorites when it comes to the european editions. -- institutions. guy: thank you very much. let's continue the brexit conversation. the labour party is fragmented. how does that change the meredith?

guy? guy: thank you.e through the auction process, this is how the stock index has a settled in europe. up, but not a great deal. and volume not exactly confirming a big upswing either. in terms of the stock moves, very similar. a little bit of a down drop, but not much from the option. dax trading down. smith and nephew, some of the miners showing weakness. glencore was also up. thathis is a clear signal i would say the miners are probably the biggest losers. and do not forget to tune into bloomberg radio if you are leaving the office. find us on digital radio in the london area. i will be joining with jon ferro, who will be in new york, i will be in london. join us at the top of the hour. this is bloomberg. ♪ guy: live from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." euronext offering $790 million in an attempt to beat out nasdaq. we spoke with the ceo of euronext, he made his case as to why his company is a better fit. that theieve cornerstone of -- is

i will be joining in in london. ♪ guy: i am guy johnson. vonnie: i am vonnie quinn.s is the european close. cbx is the worst performer in the s&p 500. shares falling 7%. more results from a 2015 deal done. kailey leinz is here with more details. walk us through why this stock is down. >> disappointing guidance. larry merlot said 2019 is going to be a transition year for cbs judging by the guidance. going to be a rough year. earnings per share between six dollars and $.68 to $6.88. missed wall street expectations and downgraded from wells fargo. guy, part of the issue has to do with three years ago. the $12.9 billion deal which yields. take in the second quarter so now it is approximately half of what they pay for this company that they had to write down. the issue is nursing homes are dealing with declining occupancy rates and pressures resulting in a lot of them to go bankrupt. that is having less customers to serve so an issue with that does not necessarily bode well for a bigger deal, that $68 billion acquisition of cbs in general. the deal aiming to get them into

this is bloomberg. ♪ guy: live from london, i'm guy johnson.onnie: live from new york, i'm vonnie quinn. -- abigailttle doolittle is here. >> major averages slightly higher. nasdaq up 3%. the doubt now higher. nasdaq had been out .6%. not seen the risk rally we are seeing in europe with the dax higher and other indexes. look at the shanghai composite in china come up 1.4%, the best day in three weeks after being closed for the lunar new year. small moves for the u.s.. looking at the 10 year yield, perhaps the us will follow europe and asia, up and bond selling off and pulling back. that could be an indication stocks might trade higher. hoping the nasdaq outperform to the major averages, let's look at movers including electronic arts, up 7% after massive volatility. they were down 13% and then up 21% combined tween thursday and friday. -- between thursday and friday. aipac legend could be competition for fortnight. buy, ofgraded up to a in 2019 haslysts fewer concerns. mattel, following the strengths of last week. at the nasdaq, while we have st

to the bad guys. whereas, what he had been doing for six years, five or six years, and even in his previous career, he was the tough guy against the soviet union, against whomever. and now, it looks like we are kissing up to these guys who only six or seven years before had had 52 of our hostages. like i said, this is a low point of his administration. and it looks as if, if you combine that with what we discussed on monday, with reykjavik. when reagan and gorbachev walk out of reykjavik and it looks like a disaster. it looks as if there is not much to salvage from this administration. he is a lame duck with two years left and nothing much happened. what ends up happening is the subject of much of the day. because, within three years, the berlin wall is going to fall. within five years, the soviet union is going to dissolve. nobody, except reagan and the guys in the white house and schulz in the state department, expected this. they did not expect this to happen right away. but remember, what made rea

third of 1%.p a this is bloomberg. ♪ guy: from london, i'm guy johnson.onnie: this is the european close. let's check the markets now. abigail doolittle is here to give us the details. >> near session highs for the major averages. you can see the s&p average up. the nasdaq up 6/10 of 1% as for the s&p 500 for the fifth day in a row. sectors for the s&p 500, the consumer discretionary space along with tack. -- tech. going into the bloomberg, this is interesting, we have had a big rally of last year's bottom, we look about -- on last years volatility we saw the 200 day moving average buying support for the index. year,ear the end of the that bearish action, then it turned into selling resistance right now against that moving average. it will be instant to see where the buyers are strong enough to turn into support. finally in terms of what's really helping out the s&p 500 from a point boost, let's look at the big winners. ,alph lauren and estee lauder those are helping out that sector. both of these companies put up big beat and boost corridors. -- corridor

guy: from london, i am guy johnson. welcome to "bloomberg markets." vonnie: president trump and washington, d.c., with channel china and the potential for tariffs on caterpillar. u.s. stocks are modestly higher. , having an effect on other food stocks. it has lost an exclusive deal -- that stock down 57%. the broader market is higher. ceopgrade following the new to percenttanley, up of the chip stocks today. guy: on the side of the atlantic, unilever, anheuser-busch turned down. this is a company that has a 3g as a result of which it is being tarred by the same brush today. story.hat kind of sector socgen is trading on the upside. -- the bank is looking significantly down when it comes to the investment banks. cost story thing greeted positively. %.oxx 600 up .3 macron on your side of the pond, funny, -- like on your side of the pond, vonnie, stocks trending higher. vonnie: long day of trading for us in the u.s. record low at this point. billion. also, an sec subpoena and disappointing earnings. what kind of bombshell was this? >> pretty big, a troika

guy: why italy? they are buying peripheral bonds right now, but italy seems to come with more risk than most. it is a big, liquid market. maybe that is the reason behind what we are seeing, but nevertheless -- potentially a commissioner done reading growth forecasts tomorrow. there are things on the radar when it comes to italy risk. why such strong demand for italy? mark: things have got better with italy. we saw volatility last year, but they have remained with the e.u. commission, have come out with the more conservative budget deficit forecast, 2.1% next year. i think investors are going, yes, italy is suffering in growth, but because the ecb are on the floor for a lot of time, this yield is attractive. are a dollar investor and you hedge it, you get 5% to 6% owning italian bonds. vonnie: whether the continued demand -- will italy meet that demand? mark: absolutely. italy has to do around 250 billion euros of issuance this year. what we hope, going forward, is that they are predictable and do not

guy: i'm guy johnson. twice whatmore than we were looking for. 1.1% for december according to preliminary data. the market was looking for 1.4%. that is a positive surprise. the previous month was revised upward. we were 1% lower month over month. the inventory figures are higher by 1.1%. let's look at what the markets are doing. up half a0 is percent. buying itsction pharma business. stocks in the semi conductor industry are up. semi's, likeof western digital up. also, 5g being a big component. coming up in a few moments, we will hear from another deal maker from the metal's mining conference. guy: what is interesting, the big metals and mining stocks are underperforming in europe. glencore coming at the bottom end of the pack. the stoxx 600 is in broadly positive territory. but it is the miners hitting them hard. massive moves on the chinese market. i want to highlighted once again. up 6% overnight entering a bull market. we saw a similar move in the shanghai index. the other thing i want to mention is w

guy: i'm guy johnson. welcome to "bloomberg markets." vonnie: traders awaiting fed minutes, but we do have big earnings movers, including cvs health. that is plummeting, one of the lacquers in s&p 500 -- the laggers in the s&p 500. southwest airlines down 5.3%. china's currency strengthening a little bit today. i thought i would throw in the s&p 500. doesn't look like there's much happening, but there is. guy: a similar situation here in europe. basically, mixed markets aren't going anywhere in a hurry. trading at session highs on the stoxx 600, also going through its 200 day moving average. from a technical point of view that is quite significant. nevertheless, probably waiting for the fed minutes later on. 7:00 p.m. in london, 2:00 for you. a lot of the action is below the surface in individual stocks. stick a look at some of the movers we are watching closely in europe. a range of factors affecting these companies. ubs stock under pressure from a significant fine in the fridge courts. swedbank nowt -- being linked to the danske bank s

guy: thank you.e back with priya misra. before the break, we were talking about you think the ecb is going to be able to get rate hikes away. we are getting close to the ecb announcing another targeted operation designed to pump more equity into euro banks. do you see that happening? priya: right now, we don't see that happening. i think it is absolutely something the ecb keeps in his back pocket to use in case the tariffs hit the economy. if that doesn't happen, i think they use it. the reason they can be a little patient with that is they don't have a lot of tools to ease. i would say there is not really a credit crunch developing in europe right now. banks still have plenty of liquidity. it is something they want to keep ready to be deployed. right now, if it is a growth slowdown, can the ecb manage to help risk sentiment for the full guidance channel so they can talk about how they are not necessarily hiking in september, how this will not be a normal hiking cycle. i think if they can use the pow

he is an instinctive mad guy. kissinger,n guy, detente kind of guy.his initial instincts are, let's reassess. what are the good things here? what are the bad things? can we change those bad things? he institutes what has now become the pause, where they literally, for arguments sake, reagan-gorbachev era. office in january, he basically orders a review of stopthing and says let's and think about all of this before we move forward. interestingly enough, it only lasts about four months. some historians, some people, i think gorbachev, a lot of them overreacted. thinking was worried, all that i have accomplished is gone. as it turned out, it would only last until may. on monday, we will pick up on this. we will talk about bush's commencement addresses he makes and the speeches he makes that announces his new policy, which is reagan's policy. i will see you guys then. thank you for coming. [commotion] announcer: you can watch lectures in history every weekend on american history tv. we take you inside college classrooms to learn about topics ranging from

guy: from london, i'm guy johnson. vonnie: disappointing retail sales data in the last little while. we have a market that is lower. the s&p 500 down 1.5%. coke down 6.6%. we will speak with the ceo just a little later on. we are going to ask him how he's going to reverse that decline in sales growth across north america and latin america in particular. also, trends toward pricing and what they are going to do with coffee. cisco is having a great day, getting all sorts of upgrades from analysts. up 4.2% after a great earnings report. netapp is one of the worst performers in the s&p 500, down 6.75%. ceoill speak with coke james quincy, one of the worst performers in the s&p 500 right now. guy: the markets being really hit with a one-two punch over the last few hours. the retail sales numbers out of the united states one of those. wallother seems to be this " street journal" reports about deadlock when it comes to trade. that is sent around trading desks a great deal. look at what is happening here in europe. down by aro

lemonis: you're my guy. travis: ...by the staff... lemonis: you're my guy.d my trust, but you have earned my respect. and you don't work for farrell's, you're my partner at farrell's. you are not an employee. this is your business, your family's business with me, and don't you ever forget that this is your business. travis: thank you. ♪ lemonis: now, didn't the stadium used to be on the other side of town? allison: yes. lemonis: now that our concept in california is done and running really well, i want to expand into the southeast. gary: gary lewis. nice to meet you. lemonis: what would this place look like on a friday night? gary: game day it's mobbed. there's people coming in really from all directions. lemonis: today i brought the team to the atlanta braves stadium where we're opening up a new sweet pete's and farrell's concept. ball games, concerts, public events, friday nights, saturday nights, bars, restaurants, the expectations i have on this location are $8 million to $10 million a year. allison: that's going to be the stairwell. it's a grand stairca

guy: from london, i'm guy johnson. this is "bloomberg markets."atch up on some of the biggest news we are tracking here at bloomberg. let's kick it off with the european union antitrust regulators. they've rejected the proposed rail merger. the eu says the companies were not willing to address concerns about controls over real signaling systems and very high-speed trains. french and german officials argued the merger was needed to beat competition from china. we talked to the eu come edition commissioner. >> there is -- competition commissioner. attentive to be very to these questions. they are not only european champions, they are global champions. they do very well in every contestable market in the rail industry. guy: the french and the germans not happy. the american banker, this man who wants man barclays, is stepping down as the executive chairman of the african banking venture. bob diamond says he will stay on as a nonexecutive director. the bank is reviewing assets and seeks to exit some countries. shares have plunged since going public in

guy: from london, i am guy johnson. vonnie: let's check u.s. markets.gail: we have stocks higher on the day, the s&p up about a half a percent following strength in europe. 1% andxx 600 up 7/10 of the shanghai composite up 1.8%, up for its fifth day in a row, the longest winning streak since february 2018. a small decline for the emerging markets index. , it will in the armor be interesting to see if the rally continues. as for europe, these rising stocks may suggest that europe could cool off. we are looking at the economic surprise index in positive territory. in blue, the european version of that at one point last year climbing positive and now negative with data coming in negative. the german dax is below the 200 day moving average and that may mean the stocks movement could cool off. what is not cooling off, a 13 day chart of the dollar index -- excuse me, the bloomberg dollar index, down just two days. otherwise, up 1.2%, a tremendous streak. the fact that the fed is on pod's, more dovish -- on pause, more dovish, other banks may follow suit and t

this is bloomberg. ♪ guy: live from london, i am guy johnson.onnie: from new york, i am vonnie quinn. this is "bloomberg markets "bloomberg markets." the mortgage bankers association -- let's talk about this and where we are with the bridge investment group chairman focused on value real estate in the united states. where are you finding value real estate right now? >> there is a lot of parts of the country that are in desperate need of housing. we focus mostly on multifamily housing, and we acquire and renovate class b housing. it is very interesting because when you look on the new york skyline and you see all these cranes that are building luxury residential units, and yet when you go to some very fast-growing secondary cities like phoenix orlando or elsewhere, there is very little new construction of what are known in the industry as class b apartments. and yet that is where most of middle-class america wants to live these days. homeownership is going down. that is why mortgage applications are going down an apartment living is rising in app

and then a couple of the regulars were like that guy, that guy said that thing.e said when you were on the floor foaming at the mouth he said -- they got really quiet and he said, "i'll have what she's having." so yeah, so that was fun. ♪ >> dale: the american cheese burger, it's the sort of feeling you get when you eat it you remember you're sitting with a friend and enjoying a memory that takes you long ago when you were young. and as we follow paul backstage watching him slowly sip his coffee. >> paul: hey, what's going on dale? >> dale: you remember that comedy isn't just about laughs it's also about coffee, and clothes and being yourself. >> paul: do you guys want to run this scene? >> comedian: which one? >> paul: transcendence. >> dale: and after all if we can't laugh at ourselves, who can we laugh at? >> paul: i got to be honest, he usually does it way better. >> dale: oh come on! >> anthony: how is it that chicago has become sort of the font of comedy? you know it's, it's a gusher. >> paul: i think it all started with second city and then people came her

guy, what do you have?he bond market has been getting more relaxed as of late, and you could see that on the move in next. treasury market volatility has been coming down. this chart kind of highlights why. basically, this is the u.s. 10 year. the yield has been coming lower throughout september, october, december it into the beginning of the year. and we have a wedge formation with a red line on the bottom, the white line up here, and we are getting concentrated into the wedge. in the treasury market, volatility is pushing higher. the move index points towards of that and the gdp number could be a catalyst in this. we broke out of the top end, but the data is now pointing toward a q1 that is weaker, potentially a lot weaker, so we have broken up on the outside. will we see a move breakout to the downside? will we see more volatility coming through as we break out of the wedge in the u.s. 10 year? vonnie: i think that was fantastic, i urge everybody to go look at the charts on gtv , but the winter today

guy? guy: let's take a look at where the european markets have wrapped up the day.are now through the auction process. and we have continued south. i want to show you something else as well. it has been a turbulent day for one of europe's biggest tech companies, one of the biggest fin tech companies. it has been absolutely dumped today. and it is pushing back against reporting. but let show you what is happening with the close. the dax has sold off, as has the ftse 100 and cac 40. dax 22 points above the 11,000 level, down 300 points today. the ftse 100 down by 80 points. and really a decent selloff during the auction process. the cac 40 down 1.84%. much market action to be discussed. we will carry on a conversation at the top of the hour. live on digital radio, "the cable" show will be on the airwaves. jon ferro in new york, i will be joining him in london. this is bloomberg. ♪ guy: live from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close." househristie's auction till $7 billion worth of art in 2018 with great revenues i

guy in the back flips on the magic carpet.l, but -- >> [ bleep ] >> what was he trying to do. >> i'm not sure what the point of that was it would have been cool for them to ride up on the carpet. >> yeah. >> maybe next time figure out a better way. they will need some kevlar carpet next time. >> boys, you're working hard tonight! >> yeah! ♪ >>> tucker here is doing the taste testing. i have s shg, tucker discriminating taste. first, the radish. let's see how he feels. not a fan. doesn't even put it in his mouth. oh, i'm not going to bite into that. >> what else you got? >> it's a radish. >> how about brussels sprouts? >> he thinks it's a tennis ball. that's the only reason he picked that up. >> how about the kiwi? >> not into that fuzzy ball, so they cut it up for him. >> the cantaloupe is a big hit with tucker. >> cantaloupe. >> then they start getting into meat products. yeah. he's a fan. now how about this rib? >> oh. >> show's over for tucker. i'm done. >> where are you going? >>> i love monroe the husky. the owner says wh

(bo) guys - you don't need me. price with sprint. (sassbot) yes! you can get an unlimited plan and an iconic phone for just $25 a month, on an lte advanced network that's up to 2x faster than before. (evelyn) bo does...know. (vo) switch to sprint and get an unlimited plan with the samsung galaxy s9 lease and hulu included for just $25 a month. no trade-in required. for people with hearing loss, visit sprintrelay.com as if i'm bringingind of the energy down. charlotte: [ chuckling ] you are. lemonis: because you're not ready. charlotte: no, we're not, and we know. lemonis: no, i know, but what i'm not going to do is tell you how wonderful you are when you guys aren't ready. ♪ if you're wonderful, i'll tell you. if you're not, i'll tell you, and that's the best way for us to roll. this relationship has to be built on truth. while i'm frustrated that they're not prepared, i do like the fact that charlotte is standing up for herself, because the sign of a good leader, in my mind, is one that is willing to not just be a

this is bloomberg. ♪ guy: live from london, i'm guy johnson. in new york, i'm vonnie quinn. this is the "european close." it is time for our stock of the hour, shares of spark more than double today, surging 120% after news that the company could be bought. kailey leinz is here with more. why such a move? >> it is the premium that they are paying for the company, the $4.8 billion price tag, this is more than double where the shares closed on friday and 138% premium, when you look at the 20 day average of the share price. it is a lofty valuation, but that is not unusual in biotech. the premiums paid summer between 50% over five years, but this has gone of this year, the usual premium is about 68.5%, so this is far above those averages. why pay so much? it is a gene therapy company. ne therapy is complex and treatments can go way up. one treatment he will be getting in the deal is like serna, which treats eye disease, inherited blindness. that treatment alone is $425,000 for one eye. these are very pricey treatments. another thing in the pipeline

this is bloomberg. ♪ guy: live from london, i'm guy johnson..nie: live from new york, i'm vonnie quinn.. this is the european close. let's get a check of markets. sessionlower for the today and the last three days. lower for the week as earnings come out, missing on forward guidance, putting pressure on fundamentals. a 10 year yield coming in at three basis points. you have doves across the globe after the fed meeting a few weeks ago with jay powell saying they will pause a little on the rate hikes. looking at the ten-day chart of the 10 year, we can see where we have been. coming back down to 263, and the fed pause signaled a rally across 10 year yields have seen across the globe. looking at earnings, positive earnings across the sector. there is some good news out there, in retail companies. columbia sports having a record after strong q4 results cold weather. skechers getting a price target upgrade from 36 to 32 -- 236 from 32. y up 26% on a- cot licensing deal. taylor, thank you. still with us is sebastian mallaby. is a senior fellow at the

guy, it's down 6%. audi, jaguar, a lot of competition. >> right in the middle is 275 to 350 range we've seemed to be stuck in 39% of analysts buy, 33% or so sell the rest are neutral that tells you all you need to know for every upgrade, goldman sachs after earnings lower their price target you're flipping a coin i'd rather buy if it is closer to 280. >> i don't know where this number comes from. this is all coming after a call where we basically nuclear in the cfo redesigned capex-down and better free cash flow and they annualized their production hard into the fourth quarter and growth for 2019 is the same as in the fourth quarter of 2018. this company, if anything, they have a solvency issue. i can't believe people are not even adding up the numbers in terms of their balance sheet and what's what. >> because we've seen companies with similar balance sheets prosper over the long term more importantly, pete, look at this chart unless you're day trading it for two years you have not made any money. >> i

but you guys did misrepresent it. you guys gave him an ultimatum. dino: i misrepresented it. #1: and this is doug's decision. cristine: it's doug's decision. dino: take that camera off me. i don't think we should stay. ♪ lemonis: dino, do you want just you and i to talk away from everybody else? dino: you want to talk to me? lemonis: yeah. you want to look at me like you want to threaten me? i mean... dino: i'm not threatening you, marcus. i'm talking to you. this is me. lemonis: yeah. no, i get it. i see the real you. dino: this ain't an act. lemonis: yeah, it actually is. dino: this ain't no tv show for me. lemonis: you've been acting since the day i met you, until when you get upset. then the real dino comes out. ♪ thank you for firing me. ♪ doug: bye. lemonis: bye. that was fun. i feel sorry for dino. he really cares about his family, but dino's problem -- he and his wife, by the way -- they love their kids so much that they suppress any idea or any freedom that they could ever have to be their own person. i guess love works in two very different ways, and this love i don

thanks, guys.or our best in show line, and the product is now in production. soon, we're going to have another high-margin item that will help us get our overall margins up. ♪ -team's on board. -giovanni: all right. we'll go in the back with tracy. lemonis: now that gio has met with the staff and he's gotten lisa on board, i want to head back to natural pet market and see the negotiation with tracy. but i want to see how they do. giovanni: so, for bentley's, the acquisition is more than a store. it's you and the future that we hope you have with our company. for me, i think, the way the deal stands, the $285,000 number is fair for both of us because i think there's upside for you. and there's upside, but there's also a lot of risk, for us. i mean, what are your thoughts? lisa: after looking at the numbers, i think it's a great deal with you involved with training, doing some videos, and working with us -to help educate our staff. -tracy: yeah. giovanni: but we have the expectation of the name natur

did you guys see this?school principal in south dakota is going viral for the way he announced a snow day to his students. he decided to use a snapchat filter. check this out. >> no school on the 30th on wednesday. no school. make sure you guys stay warm. [ laughter ] that's the first time a a principal has ever posted a a weiner on snapchat without infired. [ laughter ] >> steve: wow. [ cheers and applause ] >> jimmy: he didn't get fired. weekend. and the new england patriots will face off against the los angeles rams. now, a lot of players have good luck rituals that they do to help them win, like in a special pair of socks, or eating the same meal before each game. but they can get pretty specific. i'll show you what i mean. it's time for "game day superstitions." [ cheers and applause ] ♪ tonight show game day superstitions ♪ >> jimmy: our first player is los angeles rams linebacker bryce hager. his game day superstition is chopping down a tree and then eating it. [ laughter ] [ applause ] extreme. >> s

guy: i'm guy johnson. welcome to "bloomberg markets." vonnie: following economic data this morning that was mixed, we are getting home sales coming in just shy of estimates in january. month over month down 1.2%. the market looking for a positive 2% number. january analysts are looking for up .1%. business investment and philly fed index numbers, but employment data didn't disappoint. we will be discussing all of that in a moment. let's get to the markets. the s&p 500 down about 4/10 of 1%. the dow and the nasdaq also down about 1/3 to 4/10 of 1%. makes lithium and other, calls. it said -- and other chemicals. it said they didn't see any macro headwinds. caterpillar up 6%. well.ock up 1.5% as to h&r blockill go this year given the tax overhauls. revenues have been down year-over-year. dragging the s&p 500 lower is the oil and gas equipment index, including baker hughes and others. s&p is the worst performer there. definitely a risk on mentality taking place in the markets right now. the stoxx 600 is down, the ftse 100 underperforming. it

guy: live from london, i'm guy in.onnie: on vonnie quinn and this is the european close on bloomberg markets. guy: european stocks down a little bit. bond prices under a little bit of pressure. i don't take much away from in --ms of market direction, let's start off with europe. there is a lot going on both sides of the atlantic right now i'm but i'm fascinated with the picture looks like on this site. is the german tenure going to euro? >> good question. really down to the economic data. if we think about some of the pmi's that came out in january, they were coming in at a level that was on par with a growth rate of about 0.1%. we are certainly seeing a very weak macro picture that suggests there is no way the ecb can raise rates anytime, especially if we have a fed on hold. therefore, unlikely that china and -- german bund goes higher from your. guy: what you think of the bcp market right now? the central bank governor over the weekend talking about his sense and it pick up and borrowing costs. it borrowing costs do

guy: and i'm guy johnson. welcome to "bloomberg markets." vonnie: we are keeping our eye on a lot of macroeconomic items. we've been following the trump/kim summit which abruptly ended. it was good for the yen and the swiss franc. in terms of stocks, the s&p 500 trying to find direction at the moment, but plenty of things going on underneath the surface, including a massive day for jcpenney, up 22.5%. celgene, connected to bristol-myers squibb, a phenomenal move. this is one of the first times it has ever done that. , so itard has come out is going to be a phenomenal story as we continue throughout the quarter. the congressional budget director is going to be coming up in just a little bit from the conference in washington. guy: a number of risk off factors, one of which is the ending of the summit in the way. we also had the worst pmi data out of china in three years. below the surface, that data doesn't look so bad, but nevertheless, that came out of the asian session. we saw korean equities under pressure earlier on. europe down a little

guy: from london, i'm guy johnson. welcome to bloomberg markets.onnie: we are getting more high-frequency data off the schedule given the recent shutdown. rebounding.uring paid, softer,ices moving below the 15 mark there. michelin sentiment rebounding. 91.2.e in at that is not to say that everything improved. current conditions were soft as were michigan expectations. this comes off the back of the jobs data which is strong but based on fewer respondents. and of course, the wage data not as strong. let's take a look at how markets have been reacting. 1/3 of 1%. up down, a surprise out of india, new regulations could curb growth. we'll be speaking about those stories in a bit. guy: european equities go sideways. earnings stories dominating as they are on your side of the atlantic. as youre the numbers, can see. irecard, the company is pushing back, describing reporting as inaccurate. the stock market reaction, this is a company that replace commerzbank in the german bank index. 28% atrading down nearly this point, below the lows we hit earlier this

guy: i am guy johnson. vonnie: the nonmanufacturing index, 56.7 for january. the market was looking for 56.1. nonetheless, it is a positive number, just down from expectation. the service is part of the economy which makes up the bulk of the economy, looks to be healthy according to ism. u.s. services pmi came in as expected as 54.2. we are not seeing a huge impact on the economic data, but earnings continued a pace on the s&p 500, up 3/10 of 1%. a great outlook for estee lauder, up 12%. not so much for search and white. 6%, one of the primary drags on the s&p 500. gilead sciences down 3%. at what's take a look is happening in the u.k. and around europe. we are getting a bit of a bpp spike. befar as i can tell, it may having to do with the e.u. mandating a 30 year bond. yields are higher in italy. the pounds moving lower. that had an impact on the ftse 100, two legs lower for the cable rate. with the week services data we had. had.ak services data we average isay moving a significant point. ftse 100 down by 1.7%. we just had a red flash on the bloomberg. compa

guy: germany?hink the total shipped toward less austere policies -- shift for less austere policies. guy: how does the ecb deal with this? we find ourselves, everyone getting increasingly of the view -- when you talk about the fact putting on hold for two years, of the view the next move by the ecb will be become more easy rather than to hike. is a hike off the table for the ecb? >> i think it does go to the point that the ecb has limited tools and is a little bit dependent on what other central banks do, particularly what the fed does. the ecb can keep rates low. it can provide additional financing. i think you could argue that cutting rates could do more harm in the sense of hurting bank profitability further and the banking sector further, then a rate rise would. tom: where are you on consumer stocks? one of the things for our audience in the next hour is craft, monfils, heinz. known as conagra. the signsumer stocks, of the debt industry or is there an opportunity there? >> i think it will be co

guy: in london, i'm guy johnson. this is the european close on "bloomberg markets."ere's abigail doolittle. abigail: a bit of a bearish tone for trading in the u.s. nasdaq, and the nasdaq bio index. the bio index down 1.6%. that is a high-growth sector, and there's a lot of talk that this weakness today could be around trade or weak economic data. yesterday the fomc minutes came out a little more hawkish than some expected. there's no sense whether the fed has actually paused in hiking rates or whether or not they will resume, plus the runoff into the balance sheet. some expect that to stop by april. in we have the 10 year yield the biggest back up in about three weeks, pressuring stocks perhaps as investors contend with the idea of the bank may not be on a long, dovish pause. if we take a look at a chart in the s&p 500, the white is the s&p 500, the blue the 10 year that we have here the 10 year yield flat over that time, but the expectation the fed is hiking rates, we have the s&p 500 climbing. here's the move back up and rates we had today. a small move down for t

you guys are here a lot. tnt at some point. >> jimmy: please come back for that. >> well, you know, yeah. we'll do the whole thing. but they -- oscar says. he texts me, i got this script, i don't know. i know we've been looking for a a thing. i think you might like this one, it's this new suzan-lori parks play. suzan-lori parks has been my favorite playwright since i was 18 years old. right? and he sends me this play, and i start reading it, i'm in between scenes. and i'm reading it, and by the end -- by the time i got to the end of the play, i'm literally in my trailer like pacing back and forth. just like, "oh my god, oh my god. like so excited." like i have so much energy, i've never read anything like it before. and i called him back, and was like, "oscar, we have to do it." i don't know how to make it happen, but we have to do this play. and everybody moved heaven and earth, and like, now i'm doing this play. life is crazy, guys. >> jimmy: that is great. i mean, i mean. i love that, when you love it that

hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation?just complicated. step-by-step options trading support from td ameritrade what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ >>> final call time. mike. >> cbs is cheap. june 50-60 call spread is cheaper. >> dan. >> nike i like april put spreads. >> guy. >> it's just an honor to be here on set. >> it's great to have you. >> carter is in the caymans, i hope he's watching have a nice, long weekend. >> see you back here next friday "mad money" starts right now >>> my in addition mission is simple, to make you money. i'm her

this is bloomberg. ♪ ♪ guy: from london, i am guy johnson.nie: from new york, i am vonnie quinn. this is bloomberg markets. guy: let's check on those markets. abigail: not a lot of direction first stocks or even a risk tone off or on. basically neutral. now at session highs for the s&p -- nasdaq, up about 0.5%. noting the nasdaq up for the sixth week in a row. the week is young. runs on track for the best since 2017. if we take a look at the imap, we will see why the nasdaq is doing better. 0.8%,now, tech is up followed by the communications sector. we see most of the sectors for the s&p 500 trading lower, and basically that unchanged number for the index. where we have strength in the tech sector, we have apple. up 1.9%, actually moving higher at 2.3%. apple put out that better than feared quarter recently. the momentum is caring, plus jpmorgan is saying the company might use its huge cash pile to namingther huge company, netflix and activision blizzard as possibilities. let's see if they can carry the s&p 500 and the dow higher? vonnie: tha