sputtering sales outs terence catch up with iconic us motorcycle maker harley davidson provoking a speedy response from u.s. president donald trump spoiler alert it was not amused to. wake up and smell the coffee because starbucks isn't the only game in town chinese chain and lock in coffee is taking on the us java giant all the way to the nasdaq. and one man's trash is a nobody's treasure return ation still export their ways to poor countries but that's gotten harder look at australia struggle to clean up its own at. harley davidson has reported a stall in quarterly profits as it struggles to deal with the impact of tariffs and slow sales the motorcycle makers profits twenty six percent to around one hundred twenty eight million dollars the new sparked an angry response from u.s. president donald trump who blamed europe for the company's poor performance and valid to quote reciprocate the e.u. slapped a steep tariffs on harley davidson bikes last year as a reaction to us today is on steel and aluminum. joining me now is our financial correspondent host san luis de haro there you are alwa

slapped a steep tariffs on harley davidson bikes last year as a reaction to u.s. judy's on steel and aluminum. joining me now is our financial correspondent host san luis de haro there you are less than two weeks good to see you now so this is a bit of a shift in tone for donald trump the first advocated for a boycott of the harley's after harvey said it was shifting production to overseas now it's valid to retaliate on its behalf so tell us what's at least what's the thinking there. maybe by by imposing a zone that european cars could be the kind of or a truly asian that we could see but it's too soon to tell. but it's true that a change of heart when it comes to harley davidson will probably help her deal already difficult trade negotiations with the european union and the goal is to avoid any kind of targets on the european auto industry and try to lower or early trade barriers on industrial goods a whole bunch of ministration isn't present to include agriculture us part of any agreement so the harley davidson issue is just another drop in the bucket that seems

harley davidson has reported a stall in quarterly profits as it struggles to deal with the impact of tariffs and slow sales the motorcycle makers profits twenty six percent to around one hundred twenty eight million dollars the new sparked an angry response from u.s. president donald trump who blamed europe for the company's poor performance and valid to quote reciprocate the steep tariffs on harley davidson bikes last year as a reaction to us today. and aluminum. joining me now is our financial correspondent host. luis good to see you know so this is a bit of a shift in tone for donald trump the first advocated for a boycott of the harley's after harvey said it was shifting production to overseas now it's valid to retaliate on its behalf so tell us jose luis what's he thinking there. maybe but by imposing reeves on european cars they could be the kind of rich really asian that we could see but it's a it's too soon to tell. but it's true that a change of heart when it comes to harley davidson will probably help her deal already difficult trade negotiations with the european union and

harley-davidson citing costly tariffs for its poor first quarter earnings report. could a new trump trade war this time with europe help turn it around or hurt harley more? we will take it live to the white house. and one tech disruptor tossing a life vest to small businesses desperately trying to weather multi-front trade war storms. it involves a thousand bucks a piece to companies who qualify. that ceo is here to explain. plus twitter is eliminating a key metric saying it will no longer give investors this number. what is it? we will tell you. a billionaire bitcoin bust and hollywood writer fire the first shot against their agent. less than an hour to the closing bell, let's start the countdown. we have this breaking news that just hit the tape. the faa, federal aviation administration just approved google's wing aviation unit to be the first company to deliver goods by drones. okay, this is big news. we should also as google moves higher by 1 1/2% be checking on amazon because amazon is trying to do this too, but google apparently has beaten them to the approval

[applause] look at harley davidson. look at harley davidson. i met with them three years ago, one of my first meetings, harley davidson. i said to the people, they're very nice, they were telling me tough to do business in certain -- how you doing in india? they said, we don't do any business. and they weren't even complaining. so india charged 100% tariff on a harley davidson. but when they send their motorcycles, and they make them, to us, we charge them nothing. so i called up prime minister modi, i said, unfair. he cut it 50%, i said, that's not good enough because, look, it's 50% to nothing the. and what we're doing is changing all of that stuff. changing all of that. [cheers and applause] rapidly. rapidly changing. and that goes for military protection also. that goes for military protection also. we are getting ripped. we're defending the world. we're defending wealthy countries that could well afford to pay us, but they've been getting this free military -- or at least massive partial subsidies for so many years it's almost like habit.

that is after he tweeted a response to reports that harley davidson was blaming the us-eu that harleyr its fall in first—quarter profits. the eu raised ta riffs first—quarter profits. the eu raised tariffs on american motorcycles to 31% after washington raised tariffs on european steel and aluminium. here is his tweet... french president emmanuel macron and japanese prime minister shinzo abe confirmed they will back the strategic alliance between renault and listen despite the controversy involving the former chairman carlos ghosn, who is injail in tokyo. —— nissan. they met on tuesday and added the alliance was crucial for the ties between the countries. here isa the ties between the countries. here is a story that is causing turbulence for cathay pacific's cabin crew. the airline has announced it will investigate reports that its staff have been stealing food, drinks and other items such as ice cream from the planes. the boss said it was unfair to blame employees before the issue was fully investigated. let's quickly show you the markets before we go. asian markets have started trad

harley davidson overcomes higher tariff costs to ride high but is once again the subject of president donald trump's tweets. and the top court signals support for trump's citizenship since his query. we will speak to carolyn maloney. first, a closer look at the markets. abigail doolittle is with us halfway through the trading day. abigail: take a look at the green on the screen for the dow, s&p, nasdaq. after a couple days of stalled action, clearly, the buyers are taking over. the s&p 500 on pace for a record closing high, close to the possibility of an all-time high. small caps participating today. the russell 2000 had been down three days, but today the small-cap bowls are out, so it is a rally. relative to the s&p 500, in the bloomberg, looking at the one-your chart, rsi momentum indicator. the s&p 500 last september hitting that all-time high, record closing highs. this quarter's big rally, which is not reversed, even though the uptrend is reversing. right now on pace for a record closing high and possibly an all-time high. this as we are stretching into overbought conditions, wh

. >> coming up, the president is upset about harley-davidson's earnings wall street breaks its silenceand forget a rolex. russell wilson with a different kind of thank you to the men that protect him and helped him get his contract it's all ahead, in "rapid fire." hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with diabetes. everything looks good. you have beautiful eyes. ♪ monitor their blood glucose every day. which means they have to stop. and stick their fingers. repeatedly. today, life-changing technology from abbott makes it possible to track glucose levels. without drawing a drop of blood, again and again. the most personal technology, is technology with the power to change your life. life. to the fullest. >>> welcome back a few stories that should be on the radar today. it's time for "rapid fire. here are morgan brennan, bill griffith and kate rogers we have a full slate of stories to discuss here. >> we do talk fast. >> harley-davidson is a first stop the

harley davidson with a double beat, although shares also trading higher.ing lower, although volatile this morning ahead of the numbers, down 2 and a quarter percent many oil big story, continuing to go up after the u.s. ended all iran sanction exemptions crude oil up to $66.04 a barrel. as oil prices go up, stocks have been going down. futures indicate a lower opening for the broader averages. the dow futures are indicating a gain, up 11 points on the dow futures right now. s&p futures are lower by 1 and three quarters points, nasdaq futures also weaker this morning. yesterday the s&p was up slightly, led by energy, communications and technology. s&p was up 3 points at the close. the nasdaq was up 17. the dow industrials down 48 points at 4:00 on wall street yesterday. check european indices, they are mixed. fq100 up 29 points, the dax in germany is lower by 30 points. oil certainly one of the big stories and take a look at where oil is overnight, in asia it impacted markets, nikkei average was up. the shanghai composite in china down one half of 1%. measl

and he complained about the european treatment of harley davidson. quoting a fox business anchor he complained about tariffs on harleys and said so unfair to the u.s. we will reciprocate. we have talked in the past how president trump's descriptions about what's going on in the world of tariffs don't match up with reality or even match up with what he said in the past. the eu increased tariffs on harley davidson as a response to our tariffs. they went from 6% to 33%. so harley moved a factory overseas to reduce its costs from the tariff. and president trump then told fans to boycott harley. here he is in june of last year. >> spent a lot of time with them. build them in the usa. your customers won't be happy if you don't, i'll tell you that. >> other news, s&p 500, nasdaq opening at record highs this morning. boeing keeps holding the dow down. tesla reports financials. that will be important today. microsoft, facebook due too. big day for earnings. we were talking tuesday about herman cain dropping out of the nomination for fed governor. stephen moore

harley-davidson downgraded to market perform. the price target is 41, harley's shares closedt 40.29. we found one upgrade, procter & gamble was es to outperform from market at wells fargo. the organizational changes have created aen of urgency to accountability into the company. p&g shares hit a 52 week high ending at 104.97. >>> disney's ambitious plans to push into the highly competitive video >>> pinterest has filed for an o hat could be worth $9 million. a pinterest ipo would follow the recent offering by lyft which stumbled a bit after its recent for comparison, facebook and instagram have users in the . >>> chuck e. cheese is return wall street p a complex structure, chuck e. cheese's speci is merging with a purpose company, making it the first restaurant company to enter the public market in the last four years. and the ceo says the time is right. >> this is the the perfeim for chuck e. cheese to return to the public market. we launched brand new food, we revitalized ourntertainment and our guests have rewarded us with that

harley davidson unable to get above it. interesting to see whether or not it can.a look at one of the best performing stocks on the s&p 500 this week, and that is delta. delta actually on a nine day winning streak. that is the longest streak for put inince 2008, and it 17% worth of gains in that time. really taking off on tuesday when the company offered an upbeat outlook on its first-quarter earnings. they also said they were renewing their partnership with amex. $3.4 billion in revenue last year for that partnership. delta getting a lift from the continued grounding of boeing 737 max jets. delta does not operate any of the 737 models. the stock could have further rally next week when we get the full first-quarter earnings report. romaine: thanks. i'm taking a look at duluth holding. this is an apparel maker, the second-biggest decline are in the nasdaq, down 25% after a pretty bad earnings report. this apparel company only has 46 stores out there, but it starts selling tool belts and a lot of work where -- wear and has been trying to expand to casual wear likear

. >> tariffs hurting harley davidson, a milwaukee company, the income revenue down 27%.armers hurting as well. what do people there, your listeners want to hear? >> well, the farmers, they're going to want to hear that congress is ready to move on the united states-mexican-canada trade agreement. there are a lot of things that make it easier for wisconsin farmers to sell their products, milk, cheese, that has to happen. on tariffs, the president has kind of pulled back on the criticism of harley and he said he's willing to go after the european tariffs that have really, really hurt the company locally in milwaukee. >> you have planned these visits for presidents and presidential candidates before. we'll take a look at one of the polls that steve was talking about. trump approval in wisconsin, strongly approve 30%. somewhat approve. 16%. put that together. it's 46%. somewhat disapprove 8%. strongly disapprove, 44%. which numbers do you focus on when you're planning one of the rallies? >> what you want to do, you want to reach out to the people who are swing voters, who yo

. >>> and harley davidson reported higher first-quarter earnings, but the motorcycle company did continueng sales. harley said that you were yoo e european union tariffs were partially to blame for that. shares were down to 38.92. americans are more optimistic now about their retirement. a new survey by the employee benefits research institute says that this percentage of workers and retirees who think that they have enough saved has reached the highest level since before the financial crisis, but are they right? our senior personal finance correspondent sharon epperson is here with highlights from that report. so how confident are people right now? you can wish and you can dream, right? workers are having that dream and they're confident or somewhat confident about their ability to retire comfortably and 67% of workers now say that they have -- they do believe now that they'll b retire comfortably in retirement and the economy has done well and the financial situation has improved and that may have colored their confidence and perhaps their overly confident. in fact, 82% of retirees say

motorcycle maker harley davidson provoking a speedy response from u.s. president donald trump spoiler alert he was not amused to. wake up and smell the coffee because starbucks isn't the only game in town the chinese chain lock in coffee is taking on the u.s. java giant all the way to the nasdaq. and.

harley davidson posed to close higher than expected profit. slump wasn't as bad as wall street had feared. president trump made harley the subject of his tweets again. this time, he blasted the eu for raising tariffs. inroup considering investing wire cards in exchange for a stake in the german payment firm. an agreement could be announced as early as this month. the financial times reported a wrongdoing at wirecard singapore operations earlier this year. that is your business flash update. speaking of -- -- speaking of softbank, we have to talk about the wall street journal piece on the softbank founder making a big bet. he pulled out at the beginning of 2018, it would seem, and lost a cool $130 million. if you've lost basically 40% bitcoin how much, say, came down from the peak in december to the end of february, quarter ofve made a a billion bet. romaine: that is what i found amazing, not just the loss but the fact that he made a bet so big on a speculative instrument that was already trading at an insane high. caroline: he makes big bets fo

harley davidson overcame higher tariff costs, adjusting their sales by 28%. rump made subject of his tweets again. instead of attacking the company for moving jobs overseas, the president blasted the e.u. for blasting tariffs on u.s.-made motorcycles. that is your latest bloomberg business flash. aboutp next, we will talk with what is happening with crude oil, trading higher after the u.s. tightened the screws on iran. it is time for "futures in focus." this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: and in new york, i'm vonnie quinn paradis is "bloomberg markets." the core is our stock of hour. shares falling the most since the company went public back in 1991 and the worst performer on the stoxx 600. emma chandra has more. the company is out with a warning on electronic vehicle demand. emma: the company makes parts of electric batteries used in electric vehicles to determine the range, which is important when it comes to electric vehicles. they have been expanding rapidly as electric vehicles have grown a popularity and more companies have

you see things like harley davidson announce selling motorcycles in china this year. that is a high confidence move. the macro environment matters a lot. tilting out to where it is focused on the things that are domestically consumed is where we have been now. a more global macro expansion is something we have an eye on. >> looking forward to seeing you again soon. live, ceo andare cofounder. this is bloomberg. ♪ erg. ♪ vonnie: this is "bloomberg marketsvonnie:." erik schatzker has a great interview for us now. it >> you bet it will be great. you are a man of conviction for what is your most strongly held conviction? >> the markets are fair. people need to invest. the world was ok, certainly around thewhere corner, it is all about picking the right names in the companies and capital structures. we are -- opportunity. >> particularly in bio plan. are you investing in that stuff for steering clear? >> we have a large portfolio leverage, certainly in asset negative gets a lot of we believe they are a good company. when you can in best. we can find good opportunity and th

shery: harley davidson dodged tariffs to post better-than-expected profits, but saw first-quarter net by a quarter. harley's strategy of moving production overseas drew more attention from president trump. this time, he focused his anger on the tariffs themselves, tweeting that they are so unfair to the u.s. paul: i want to seeing the biggest fault in industrial output in at least seven years after a decline in the manufacturing of electronic components and weakening tech sales and the ongoing china-u.s. trade war. factory performance fell almost 10% in march, well below even the most bearish estimate of a 2% decline. shery: plenty more still ahead in the next hour. we will have an exclusive interview with the ceo of vmware global, pat gelsinger. that is it for daybreak australia. we will get all the action on daybreak asia next. this is bloomberg. ♪ moving is hard. no kidding. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plu

that is why harley davidson got in trouble and had to relocate some of its production overseas so they can export to the eu without tariffs there. some other agricultural products have been hit. i think everyone is trying to be the grown up here, but no one can resist. hey, i need you to fight back for me. vonnie: we will speak to you again visiting us from d.c. today and our new york studios. moving out to the fed and treasuries. a special guest with us in studio. we have been of loomis sayles joining us. we have the global growth forecast. extraordinarily disappointing this morning. not that we did not know, but growth is slowing down and in a big way. what can you see for u.s. treasuries in that environment? >> i think the fed obviously is not going to raise rates. the question is, do they maintain their current level? do they continue to shrink the balance sheet? they stopwer is shrinking the balance sheet fairly soon, and it is an open question whether or not they want to reduce rates by a quarter at the next meeting. prior to a few days ago, i would have said, no, they will proba

. >>> also, harley-davidson's latest results are in. n at 98 cents a share, well above the consensus estimate of just 65 cents. revenue was just above forecast and harley increased its u.s. market share during the quarter. that stock is up by about 2.2%. >>> coming up when we return, a breakdown of coca-cola's earnings cnbc's sara eisen spoke with the company moments ago and she'll join us right after the break. "squawk box" returns in a moment >>> dow component coca-cola reporting just moments ago, and cnbc's sara eisen joins us now i think she just got off the phone with the company about the quarter. sara >> good morning, andrew. coke continues to prove it's in growth mode right now. it's clear from the 6% organic growth there's a caveat, though, with that number. there's some funky timing issues skewing results this quarter ceo james quincey told me to think about it really as a 5% organic growth number. wilfred, you'll love this. it's brexit's fault. remember march 29th was supposed to be the deadline for the uk to crash out of the

hard harley davidson. the risk of a trade war is still there. what offers a little hope is the fact that trump has no interest in further negative economic shocks for the u.s. economy because he wants to win next year's election. the hope is that he will avoid an escalation of the trade war in order to stabilize the u.s. economy, but whether he is that rationale, you never know with him. >> fair enough point there looking at trading today, we had another reminder of the weakness in the auto secretary of stator. you mentioned the sector as one of the particular drivers of the weakness woef seen thus far. a lot of the early signals suggested the weakness was going to be temporary. now we're seeing the auto sector continue to struggle what are the chances that we see any substantial turnaround in 2019 >> i don't think that that's very likely. a lot of consumers are uncertain as to whether they should continue buying diesel cars. some do. there's some stabilization in diesel car sales, but there's uncertainty regarding the future a lot of people are

more today going after everyone, talking about harley davidson, mixing a lot of facts there. promoting his fox friends and going after joe scarborough on "morning joe" as psycho joe. >> he did. i believe it was actually more than 50 tweets over 24 hours. not all of them you mentioned some were directed at trade and a number of other issues, but a lot directed at the media and a lot of that is frustration that even though the report has come out and it is a victory for the president in the sense he is not facing criminal charges, there were a lot of embarrassing details in there. the president is still sort of, he feels vindicated, but he's livid. still furious about the senior aides who talked. the embarrassing details he says aren't true and a lot of that was r reported in the media. i think that's one of the reasons you're seeing all these tweets attacking the media because the media in his mind is sort of the bearer of this bad news but in that over 400-page report, there's a lot of unflattering details for president trump. >> phil, i think it was your tweet earlier recall

." >> boeing, ge, micron, roku, starbucks, southwest, clorox, harley-davidson, all get downgrades whatt this is the s&p comes within 50 points of an all-time high plus, widely followed and very influential former fed man richard fisher on the president's call for quantitative easing, rate cuts and whether herman cain an

he's a colts fan and he's a proud owner of his new harley davidson motorcycle. but none of that matters now he will be able to work for 6 to 8 weeks and the person who delivered this blow. this still out there. >>for your money tonight netflix as it is right raising rates again the streaming service will increase the cost of plans in the united states by one to $2 over the next billing cycle. netflix says the increase revenue will help the company and more television shows and movies. the company has been investing heavily in original content in 2018 it budgeted $8 billion for new shows and for movies. >>marvel dropped a new trailer for the new avengers movie and it just about broke the internet but it wasn't the avengers endgame trailer itself is did it marvel also announced the launch of ticket presales at the same time so fans willing to do whatever it takes to grab seats. ash amc theaters website and app users also reported long wait times and issues with fandango and regal cinemas were reported wait times are trying to get a seat at the met ray on in san fr

for example, during the financial crisis, he did so for tiffany and goldman sachs and harley davidson. could this really be an indication of just how powerful greg abel, the energy vice-chairman and chairman of non-insurance business operations, really has become? the rumored heir apparent has been at the helm of berkshire energy since 2008 and oversees companies like bhe renewables, home services of america, midamerican energy, northern power grid holdings company, and precision cast parts, among dozens of others. even turning midamerican energy into one of the largest power suppliers in the country. so are buffett and abel total geniuses? let's get to our floor show traders. john, when you look at the investment berkshire is making, is this genius or overextending in a way which is not something buffett usually does. >> listen, we are talking about warren buffett here so i can't say anything other than he is a genius. we have seen deals like this before in the past. we are going to continue to see deals like this. they are structured in a way where he protects shareholders, he comes

. >>> the president promising new trade retaliation after harley-davidson's first-quarter earnings. 7% citing tariffs as part of its weak performance. the president acknowledging that the company's pain on twitter saying the retaliatory tariffs that harley is facing is unfair and, quote, we'll reciprocate and president trump now being honored for going above and beyond for israel. it's controversial. prime minister benjamin netanyahu promising to name a settlement in the golan heights after president trump following the president's recognition of israeli sovereignty over that territory, something no other country has done. netanyahu will take that proposal honoring the president to the israeli parliament. >>> next, she may be struggling in the early 2020 democratic polls but watch the democratic campaign and you see this, the warren effect. do your asthma symptoms ever hold you back? about 50% of people with severe asthma have too many cells called eosinophils in their lungs. eosinophils are a key cause of severe asthma. fasenra is designed to target and remove these cells. fasenra i

one of the reasons europe targeted motorcycles from wisconsin from harley-davidson and bourbon from kentucky because they know where some of those pressure points are in the u.s. similarly the u.s. knows where the pressure points are in europe the auto tariffs would certainly be more painful across the board, but this list of $11 billion in goods, it's a politically sensitive list you'll hear members of the administration coming out and saying it's not enough to ding gdp. i'm sure that wall street strategists would say the same thing, but more about the tenor and the relations between two allies fraying and what that means for trading relationships going forward. >> that's a bigger one thanks kayla tausche. >>> my next guest says he isn't worried about the u.s. fighting two trade wars that doing nothing is also not a good long-term strategy joining me is larry lindsey, ceo and president of the lindsay group and former director of the national economic council. welcome, sir >> thank you it's good to be here. >> it's good to see you. first and foremost on this issue about tariffs which art cas

there's also the closure of the harley-davidson plant in kansas city. there's been december make thof those jobs and down effects of the jobs that have gone away in many other factories that serviced that factory. and so, this is their strategy to try to really localize this race, because they believe that despite these economic indicators, nicolle, that really indicate what's going on in urban centers, in many of the rural areas where trump specifically said, i'm your man, i'm going to prioritize the forgotten man, things have not gotten better. >> congressman? >> look, they're going after an area where the president arguably was somewhat effective in 2016 and is setting himself up to be effective, as well. because he doesn't care about the truth or the nuances of policy. he goes into communities and says, i'm going to fix something that my predecessors never fixed. he promised the great lakes initiative funding, went to the southwest border to celebrate part of obama's border barrier, if you will. but what the dnc is doing is they're reminding people

." >> boeing, ge, micron, roku, starbucks, southwest, clorox, harley-davidson, all get downgrades what does it say about the stock market this is the s&p comes within 50 points of an all-time high plus, widely followed and very influential former fed man richard fisher on the president's call for quantitative easing, rate cuts and whether herman cain and steven moore are good enough to be part of the federal reserve >>> plus, the big call on snap if you are looking to make a buck, is this a good stock to trade? our investment committee weighs in the "halftime report" with scott wapner starts right now. >>> it is good to have you with us on this monday. here joe terranova, jim leventhal. and mr. wonderful, kevin o'leary, the chairman of o shares etfs and an nbc contributor. he's all smiles today. stocks are trying to extend a seven-day winning streak a slew of downgrades weighing on the markets. big names getting cut across the board. kevin, you look all happy. you like boeing still? >> in the big downgrade names are some of my beloved stocks. boeing, i had it at a 5% weighting. it's do

trump: look at harley davidson. i met with them three years ago. one of my first meetings. people were very nice. they were telling me, tough to do business. how are you doing in india? they don't do any business there. they weren't even complaining. india charged 100 -- 100% tariff. when they send their motorcycles and make them to us, we charge them nothing. i called up the prime minister and said, unfair. he cut it 50%. i said that's not good enough. it's 50% to nothing. what we are doing is changing all of that stuff. changing all of that. [applause] rapidly.mp: that goes for military protection also. ripped.etting we are defending the world. we are defending wealthy countries. they can well afford to pay us. they have been getting this free military -- or at least massive partial subsidies for so many years. it's a most like habit. it's more habit than anything else. country, we lose $5 billion -- i don't want to say it. i don't want to embarrass anybody. the last thing i want to do is embarrass somebody. spent $5 billion in defending them. i said to the generals, how

trump: look at harley davidson. i met with them three years ago. one of my first meetings.eople were very nice. they were telling me, tough to do business. how are you doing in india? they don't do any business there. they weren't even complaining. india charged 100 -- 100% tariff. when they send their motorcycles and make them to us, we charge them nothing. i called up the prime minister and said, unfair. he cut it 50%. i said that's not good enough. it's 50% to nothing. what we are doing is changing all of that stuff. changing all of that. [applause] rapidly.mp: that goes for military protection also. ripped.etting we are defending the world. we are defending wealthy countries. they can well afford to pay us. they have been getting this free military -- or at least massive partial subsidies for so many years. it's a most like habit. it's more habit than anything else. country, we lose $5 billion -- i don't want to say it. i don't want to embarrass anybody. the last thing i want to do is embarrass somebody. spent $5 billion in defending them. i said to the generals, how mu

. >> up almost 30% harley-davidson another earnings mover.us with what the company ceo had to say to her about the quarter >> that's right. shares are down a little bit this morning the call is going on just wrapping up. still falling. ceo matt leave tij saying it's slowing. he said to me where we compete, we're competing well think young adults, women, ethnically diverse riders made up more than 50 brs of the mix he said it's continuing into this year. on trade policies which have impacted harley in a number of pays, telling me they're optimistic that trade wars will get resolved the new thai plants they built and came online in the fourth quarter, propelled strong retail sales in asia. the company waiting eu approval to ship u.s. production there for that facility due to the retaliatory tariffs in that market president trump tweeted about that this morning. of course, i asked leave tij about it he said he has no response to the president's tweet this morning that they're running the business on the facts and circumstances in front of us in

we send harley-davidson to india and they charge us 100%. not fair. not reciprocal. not fair.where is he? this guy is a champion. him and jim, 128 and one, where is he? what a lousy location. are you kidding me. i can't believe it. when you are that good. don't kid yourself. a lot of us appear, not just here. a lot of us appear. he is a warrior and sean is a warrior and sean is working on the reciprocal trade act. if they judge us we judge them, very simple. they charge us we charge them and you are doing great and i appreciate it. he is the tree climbing, these characters who go up the trees, going up isn't the hard part. it is coming down. if you miss, you are dead. he missed about four times. he is a 5-time world champion. that means something. that -- dangerous stuff. it is incredible. i'm more impressed with championships. we ended the war on american energy. the number one producer of oil and natural gas anywhere in the world and that happened over the last two years, big difference. hillary wanted to put up wind. if you have a windmill anywhere near your house, congratu

trump has recently made comments about tariffs on harley davidson , these were retaliatory tariffs.re is a possibility it comes back. on the other hand, trump wants to win his elections next year and he knows that if he taxes cars, there will be retaliation. , hee is halfway rational will avoid a full-scale trade war with the eu, so that is the hope. clemine: thanks so much, ens fuest, president of ifo. coming up, plenty more on the eu and brexit and our interview with the chief executive of credit suisse. this is bloomberg. ♪ francine: economics, finance, politics, this is "bloomberg: surveillance." seven months after it all began, the s&p 500 has completed one of the fastest roundtrips in market history. rose nearlyk gauge 1%, surpassing the previous closing high. for more on where u.s. market stand now is bloomberg's dani burger. dani: as you say, add another record at the concert is valuations -- concern is valuations. looking at is the lehman's version of the equity risk premium compared to interest rates, we're still attractive on valuations. measure is this actually below its

better profit at harley davidson. nonetheless, the stock is down 1%.movie spinoff, bumblebee, gave hasbro sales a boost, selling toys related to the movie. look at it. 13% up. >> that was, you have got to remember, they were down well over 60% in the last year. stuart: well said. 13% up today. better profit at jet blue. i think that stock is up nicely, over 2%. a rosy forecast from lockheed martin. that is a dow stock? yes, it is, isn't it? it's not a dow stock, sorry. lockheed martin up 5%. ashley: $133 billion backlog of orders. that's pretty healthy. >> very big company. stuart: price of oil this morning is i think $65 a barrel, right there, $66, it's reached this morning. look at gas. $2.84 is your national average. i think it's on the way to $3. big impact on the economy, do you think? >> no, it's not slowing down the economy at all. the economy is fine. it's too strong for gas prices at $2.80 to $3 to affect. stuart: okay. $3 gas, i think we will get there. $66 on oil. right. tesla's chief elon musk promises a robot fleet of tesla taxis by the en

president trump vowing to match the european tariffs blamed for harley-davidson's struggles.u.s. we will reciprocate. >>> u.s. auto safety regulators are expanding that irinvestigation into faulty airbags. more than 12 million vehicles added to probe, including toyota, honda, mitsubishi, fiat chrysler vehicles, 2010 through 2019 models. the bags may not inflate in a crash. five deaths have been blamed on the problem. steve? steve: thank you, jillian. the mueller report has been out on for a week. investigators are starting a probe. house intel committee is demanding answers on the fisa warrants. >> jim comey and sally yates and everyone else that signed off on those are verifying to the court what's in there. they're verifying that christopher steele was a credible sewers. they're verifying that the steele dossier was corroborated. none of that was true. the court can only know what they were told. steve: fox news contributor and editor at "the federalist," mollie hemingway. >> great to be with you. >> telling how top intel people, justice people, making case, hey, you have t

sputtering sales outs terrorist catch up with iconic us motorcycle maker harley davidson provoking a speedy response from u.s. president donald trump spoiler alert he was not amused. to wake up and smell the coffee because starbucks isn't the only game in town chinese chain block and coffee is taking on the u.s. java joy all the way to get out. and when one man's trash is a nobody's treasure return ition still export their waste to poorer countries but that's gotten harder we look at australia struggle to clean up its own act. harley davidson has reported a stall in quarterly profits as it struggles to deal with the impact of tariffs and slow sales the motorcycle makers profits twenty.

harley davidson has reported a stall in quarterly profits as it struggles to deal with the impact of tariffs and slow sales the motorcycle makers profits twenty.