emily: congressman hakeem jeffries. thank you so much for weighing in. appreciate you stopping by. other man at the center of the converge analytica scandal appear before lawmakers in the u.k.. universityge researcher creating data on as many as potentially 70 million people. joining us now from london to talk about the latest's bloomberg's caroline hyde. it bears reminding our viewers cambridge analytica continues to insist it did nothing wrong. what do you make of this side of the questioning today? fromine: fascinating kogan.dr potentially data kogan. potentially data was manipulated, and therefore we saw it affect the outcome of the 2016 presidential election. aleksandr kogan, the academic the heart of this, flatly denies, that this didn't help win the election for donald trump. he said notably the data was used to help the trump campaign. it cruz's campaign have used and was dissatisfied with it. it is not efficient micro-targeting. why? you would not use the data he ran to run political ends on facebook. he said, to be efficient, you use facebook's own tools, you don't build

congressman hack employee jeffries, thank you so much -- congressman hak esm em jeffries thank you souch for stopping by. the other man to appear before lawmakers in the u.k. tuesday, alexander cogan the cambridge university researcher who created the app to obtain the facebook data on potentially 87 million people. he told the officials the data came with no contract and no obligation to destroy it. joining us from london to talk about the latest, i think it bears reminding our viewers that cambridge analytica continues to insist it did nothing wrong. what do you make this of side of the questioning today? >> fascinating. in point to what representative jeffries was saying there potentially data was manipulated and we saw it affect the outcome of the 2016 u.s. presidential election, alexander kogan the academic at the heart of all this flatly denies and feels this didn't help win any election for donald trump. the data he harvested, he said actually it was unlikely the data helped the trump campaign. they tried it with ted cruz before the trump campaign. ted cruz's campaign was dissa

jeffries is expecting a rebound in tsmc orders. haidi: thank you for that. let's get to first word news now. >> thanks. downp -- amptanding ceo is standing down, apologizing for conduct and failures. it admitted to lying overcharging customers for services they did not receive. analysts say the entire board will have to step down and amp may face class-action lawsuits. the austrian government is increasing criminal penalties with legislation to be passed this year. the measures include prison terms up to 10 years, the banning of the licensing powers of the securities and investment commission would be increased. the announcement comes as the

he is the chief european economist, jeffries international.you are heading to work, and tuning to bloomberg radio, go ahead. we are all around the london area. coming up -- anna: changing the guard, the replacedisco fed has in new york. we will talk about what this means for the central bank. hisident trump continues attack on amazon, but the online retailer shakes off the rhetoric. we will get the latest on this. this is bloomberg. ♪ ♪ manus: it is 9:21 in dubai. 1:21 in singapore. let's see what the chinese response is to the tariffs from ,he united states. jp morgan will find a little support soon, iny say oversold territory some of these stocks. we are treading water ahead of that response, are we? anna: how soon is soon? we are waiting for that response from the chinese. there is a new set of tariffs from the trump a $in50tr billion before. this is the response and asian equity markets, pretty mixed at this stage. doing well in the face of disappointing data. let's get the bloomberg business flash from juliette saly. juliette: wpp is look

jeffries. -- the speaker pro tempore: the gentleman from new york is recognized for five minutes. two minutes. not five. mr. jeffries: i thank my distinguished ranking member, my friend, for his leadership and of course the chairman of the committee and to so many others. representative issa and representative rooney and representative crowley and many, many others who've worked hard on this particular piece of legislation. of course, above all else, i want to thank my good friend and colleague, congressman doug collins, who's been a phenomenal leader in bringing stakeholders together from across the music ecosystem, bringing folks together from the digital industry, bringing the national association of broadcasters together to help us reach this moment where we have a consensus product that can ensure that the people of america and the nation can continue to enjoy the music we've come to know and love. article 1, section 8, clause 8 of the united states constitution gives congress the power to promote and create a robust intellectual property system in order to, in the words of t

from jeffries, joining us from singapore.outlook numbers. a senior analyst is with me now with a look at what to expect. should investors be concerned about the company's slowing 4g user growth? they have 800 million subscribers, it is mental. there has to be a slowdown in 4g user growth. they're bribery -- their rivals are catching up. it is underutilized. they have lots of reasons to catch up on user growth. having said that, we believe the pace of acceleration is improving. last year we saw a sharp deceleration in 4g growth at china mobile. this year they expect only to add 50 million, half of what they added last year, in terms of 4g users. in january and february, it is tracking better than the four-year guidance. the slowdown is quite well known. it could be not as much as feared. mentioned,yst just the data focus is more on gaming. comes up withval, big data plans at a cheap price that could drive down china mobile. rishaad: the other thing these companies do is go to the broad -- broadband side of things. when do we g

david: we are joined by david owen of jeffries.on't want to ask about specific banks but i am really interested in what this might mean in terms of corporate lending and capital raising. the investment bank really goes in the capital markets. what is going on in europe right now in terms of financing companies? >> the larger companies increasingly making use of the capital markets. obviously interest rates are incredibly low. interest rates are sort of driving that form of lending. in terms of smes and households basically the borrowing rates are being driven by the banking sector. seen back lending picking up in certain countries, particularly france and the ecb release date bank lending survey which showed credit conditions easing. so the trend is actually quite positive at the moment. illustrate what you were talking about, the white line is euro bank lending. almost 2% and the blue line is the european bank stock price. obviously we know has been struggling to really pick up steam. if the economic data in terms of the soft data

jeffries, for five minutes. i jeffries: mr. speaker, rise today to address another egregious misrepresentation coming from you know who. ow dare anyone refer to an overpriced, luxury golf course as the southern white house? let's be clear about something. the civil war is over. jefferson-davis failed. the confederacy lost. there is no such thing as the southern white house. thousands of americans died on the battlefield and shed blood, sweat, and tears to make certain that in this country, only one institution connected to the executive branch stood in the land of the free and the home of the brave. that institution is located right here in our nation's capital. the address is 1600 pennsylvania avenue. it was built by slaves. the white house does not belong to the ghosts of the confederacy. the white house does not belong to vladimir putin or his indigenous collaborators. the white house does not belong to a privately owned real estate cartel to be used and bused as a prop for an infomercial. we are a government of the people,

. >> this is why jeffries is going to be a governor, lots of your colleagues in the house, there areeachment already submitted to the house, isn't that right? >> i serve on the house judiciary committee, not a single person of the house judiciary committee has gone down that road. >> and congressman jeffries, you know as well as i do, that your party is not going to be able to resist going after the president like that. er the er. >> i think this is a clear play to the president's base. democrats are outperforming in every race, every special election that's happened thus far, even in the races that they have lost, they have made ground, arizona two weeks ago, in a district that -- >> but the republican party wasn't energized. the only hope that the republicans have is to energize the republican base, and this talk of impeachment -- >> amanda has a book coming out on tuesday, it's called gas lighting america, why we love it when donald trump lies to us. amanda, we wish you the best of luck with this book, available now on amazon and tuesday at local bookstores. tell me what you think

it is going to rename itself as jeffries financial.re defending the stock saying it is attractive. , the department of for thatas arrived takeover over -- and mark rising keytrudatrial of its drug met its main goal. drug forignificant merck and will make it even more significant. large-cap tech is part of this. i want to take a look at how they are doing. the new red iphone eight, microsoft, amazon also gaining. missing is the facebook. if you look at facebook shares, leading up to that testimony we can see it has been bouncing around the lows. the stock is better than 1% but that one month performance continues to be negative. we will see if zuckerberg can turn it around this week. scarlet: a lot of eyes on that. thank you. let's get to first word news. opening a cabinet meeting with a condemnation of the suspected poisoning gas attack, president trump provided more information about his upcoming meeting with north korea's kim jong-un. , we have been in touch with them, we will be meeting with them sometime in may or early june. i thi

jeffries has so much more information than anybody else. is any of it provable fact? evidence?do we know? >> mike: i tell you we are missing a gold medalists in the olympics his high jumping is incredible. what a jump to go from oligarchs in russia that's tied to money laundering to donald trump before the man ran for president. i'm amazed these kind of connections people make. even the very week that mueller says that donald trump is not a criminal target. how do you put all that together except this is partisan clap trap. >> harris: you know, sandra, when we look at this and look back at the day on the other side of the political aisle ken starr? is this dangerous territory? wide ranging. >> sandra: i think that is the conversation. a lot of people are having a hard time wrapping their minds around how much time and the resources and the money and the people. looking right at you, maria, this is not a leading question, but i do wonder how we begin to finally to rationalize this ongoing. >> maria: well, we rationalize it because it's important for the american people to know w

they are changing its name to jeffries financial group as a result.: let's look at the government bond market. end, no change. in real action -- and will talk more about -- russia. want to pull my chart of the russian who your yields. got clobberedkets today, and this is one way of looking at it. you can see the big spike up in russian two-year yields. pretty ugly in the wake of those sanctions. and in the end their area were currency came -- whether or not the chinese ultimately will look to use a strengthening the tackle the tariffs united states is discussing. indexwing you here, and of other currencies. you can see at the back end of march last year, strengthening relative to the u.s. dollar. we have seen currency weakness of the last several months. this is opening up the currency and being more liberal. every guest we have spoken to says they don't think they can use us as a tool without ultimately hurting themselves. it shows you day are trading in the wrong direction for many months. a quick look at the dollar ruble, not just about what we saw

jeffries cut its outlook for the business. outlook for three the company.nder pressure, tracking the drop in u.s. peers. apple plans to use its own chips. asian chipmakers could benefit from the shift. when it comes to samsung, goldman says it's time to buy at these levels given the recovery in the second half which could offset softer earnings at its memory business. falling, set for the worst three-day dropped. stock gain is of note, santos surging after harbor energy improved. for a third day. trading at an obvious tied. we have china climbing in hong kong. this perhaps amid china slapping tariffs including pork. we do have the entertainment gaining ground after macau casino revenue group more than forecast at 22% for march. heady. haidi: thank you so much for that. let's get a bit more on what's happening across markets. chris anstey joins us. we have talked about the negative narratives floating around. what is driving sentiment? friday, i think we are seeing a couple of things. first of all, we have been talking about the selloff in the u.s. tech sect

luadia said it was selling the majority of itt and auto dealer businesses and changing its name to jeffries financial group. it's meant to narrow the business's focuses to fancial services. they doubled the share buy back to 25 million. sh shares climbed more than 11% to $24.29. >>> the propose$60 million deal by bayer and mon been blessed. they say bayer has agreed to sell additional seed assets and make concessions to satisfy the anti-trust concerns. shares of monsanto finished up 6% to 5.$125 >>> veratone is being taken prate for about $2.5 billion. shares of veratone soiared 50%. >>> in case you hadn't noticed, gasoline prices are on the rise. the average price of regular unleaded is u c 8ts a gallon for the past two weeks. the increase was driveny primarily rising oil prices. the highest price in the contiguous united states, $3.63 in san francisco. the lowest at baton rou at $2.37. >>> well, in a year marked by a string o high profile airline incidents, it may come as a bit of a surprise that a new survey found service across thein stry soared to a record high. which airlines flew hig

. >> second out of three it's jeffries.ctly. >> is there a reason -- is it a positive to see that it's both a big cap and small cap, our 20% plus it's not always the case. >> actually, it's going to be -- it's a good thing. what ends up happening is the fact that large cap earnings growth have been much better than small cap earnings growth and now we're playing a little game of catch up here for the smaller cap. that indicates the u.s. economy is doing better because smaller companies are more tied to -- yeah, they're a little bit more domestic, more tied to u.s. gdp. if you get earnings growth going above 20%, kind of tells you the economy is humming along here, and i think as the year progresses we'll get to see better earnings growth down the cap which supports arcades for small beating large at this point. >> so small beats large. does that mean that they both go up, but small goes up more does that mean they both stay the same, but small is a little better does it go down less we've played a lot of this forward, a lot

jeffries, for five minutes. mr. speaker, in this country, a democratic republic, we have a brilliant system of government of the people, by the people, and for the people. 's a system that consists of two predominant parties with a contrast of ideas, and nowhere in this country is that contrast more prominent than here in the house of representatives where we've got a vision of the country on the democratic side of the aisle that wants to move america forward. while the folks on the other side of the aisle want to turn back the clock. we want to bring people together. they are tearing us apart. we believe in an economy that works for everybody. they are all about an economy for the wealthy and the well-off. they have a raw deal. we have a better deal. they want to take away health care from more than 20 million americans, impose a draconian age tax on people between 50 and 64, and take away your isting protections for pre-existing conditions. we want to strengthen the affordable care act and dramatically lower the c

they are going to change their name to jeffries, which is the unit they are best known for.e will track that can see this name changing soon. when it comes to bonds, take a look at the bloomberg. we are watching the treasury short interest, which has been planning. interest innet the 10-year note. we have a lot of short interest on that market, which has been rising, which implies rising rates as people are selling treasuries, which could be potentially future and good news for the bank. those banks start reporting earnings as of this friday. mark. mark: i guess we should start right here. not every day we start with russia. look at that red. 8.8% decline in russian -- decline in russian stocks today. the currency is the biggest currencies major around the world today. that is the asset market story today. the stoxx 600 down marginally now. we were up for the second day in three. we rised last week for the second week. it is very much about those moves in russia today. two weeks of gains in european stocks have done very little to boost the confidence in the market among u.s

special did i have dend will be expected told you it was busy barclays upgraded to buy from hold at jeffriese startup clarity money. it's a free app that helps you understand your money. clarity money ceo adam dell will join goldman as a partner. he's the brother of michael dell who makes computers. >>> oil prices lower by mon than 2 sers sers. why is oil down when we did 75 missile strikes? >> we're down holding at $66 a barrel traders said this is a classic case of buy the rumor sell the fact and that's indeed what happened last week you saw an 8 or 9% about we could. he was trying to distract the market and confuse them regarding the timing of this markets were nervous now we have the attack it seems to be an isolated incident and seems to be contained. the prices are coming off. holding over 66 it's significant. the market is saying we're going to take a little bit of a pause and a wait and see approach. if it all stays in place, you can see prices in this range if russia responds in some way -- >> making some comments. >> making some comments. if you do it again, we're going to be reall

i want to thank chairman goodlatte, ranking members nadler, congressman doug collins and hakeem jeffries, and all my friends on the judiciary committee for working in such a bipartisan fashion to get this important bill to the floor. we all remember the iconic tune from the 1970's, i write the songs. well, it was first by captain and at the kneel and made popular by david cassidy and barry manilow. it inen caps lates the verse talt of music. while we rightly celebrate the artists and singers behind these hits and great songs, there often are a number of individuals that work just as hard to make that song a hit. because to make a great song you need not just the writers and singers but also engineers and technicians and producers. people like my friend, mike clink, as well as darrell brown. they may not be as famous as guns n roses or leann rimes, the folks they help produce, but they are equally important when it comes to the process of making that music. but they are not often given the credit or compensation that they so rightly deserve. with this bill, that will finally change. we're

money it made spinning off its spreads business we're joined by a consumer research analyst from jeffries martin, who knew i can believe it's not butter would end up in such a share buyback was that expected? >> i think partly expected unilever had given indications that the proviceeds would be recycled the announcement this morning is a positive surprise. >> that's the big question, looking at nestle and danone yesterday, it's all about pricing. the potential squeeze on margins you get with rising commodities and static pricing >> that's the key theme this morning. there is a huge market debate about the pricing model of this industry in the face of amazon and channel shift generally against which we had virtually zero price progression from unilever an nestle this morning. in unilever's case, 200 to 300 points of cost inflation in the beginning. while these results this morning are technically in line and full-year guidance is unchanged for both unilever and nas estlei is playing to the primal fears on pricing. >>> what can the firms do to calm investors >> in the short-term, relatively

the people that look at this like jeffries which is a stock analyst firm and they say yes, they expect the stock to go down to $250 a share. >> how is the bond market faring? >> that is a terrific question because the bond market rules the world, and the bond market is usually going to tell us something. they have a yield curve that goes like this and the shorter and is lower than the higher end. this is good news. but we all start to get worried like in the great recession when the short-term rates become higher than the long- term rates. that is a real bad sign, and we are not there and not even close.>> thank you for your time. >>> amazon executives have begun to visit the city still in the running to become home to their second headquarters. so far, they have been to 10 of the 20 finalists on their list. the only west coast city in the running is los angeles. amazon is evaluating cities on the range of the criteria that has to have a metropolitan area with at least 1 million people and have the potential to attract skilled workers. the wall street journal's report they are even loo

this is what jeffries is talking about, the analyst over there once again highlighting regulation hurdlesat&t time warner deal. so spectrum would have to be sold. emily: so obviously the owners of t-mobile, deutsche telekom, not going to let it go without a good price. what could seal the deal? caroline: exactly that. price, or the issue of control. price point we could see even more money being asked for t-mobile. the u.s. in particular. pop beingother 40% asked by some analysts. premium is the only thing that really would allow the owner deutsche telekom to give over one of its main revenue-winning assets. this would either come added the at a big cost for the main controller of sprint, or they would have to decide that he would cede control. in 2017, they could not strike either a high enough price or an agreement to give control to deutsche telekom, which owns is the biggest player in germany, which owns t-mobile. so we would have to see either some kind of give on either price or control. many analysts are saying you're likely to see control ceded. by softbank. why? because of the de

joining me now is democratic congressman jeffries, member of the house judiciary committee. you here. >> good morning. >> we talk about following the money. the financial aspect of this has got to be intriguing to investigators. where does it go? how do you put it together with what we already know and don't know at this point? >> three pieces to the investigation. the more we learn, the worse it gets for donald trump and all the president's men. that's clear. and bob mueller is running a thorough, comprehensive investigation. he's going to get to the bottom of what happened on behalf of the american people. you have potential money laundering that may have occurred prior to the campaign with donald trump trump has a private citizen, so-called businessman. possible conspiracy with russian spice. i think he will look for motive and opportunity perhaps as it relates to interactions with these oligarchs. and a third aspect is potential obstruction of justice that occurred with donald trump as president to cover up what may have occurred either as it relates to possible money la

a holding company whose two biggest divisions are jeffries, investment bank and national beef, led byh handler and bride an friedman. the stock is 78% of book value around tangible book value. they are buying back stock. we hear there are interested buyers for their beef business. liz: that stock is up today. >> below the radar screen company run by great people and that is what you have to look for. you have to constantly sifting for bargains. liz: you call it a baby berkshire. it has a lot of names under them of high value. where do you see the whole market is going when the headline risk is so dramatic? >> the headline risk you should use to your advantage. this is for investor has cash and not-veried of the. [closing bell rings] liz: the dow is up for three straight days. that is the longest winning streak since is february 26th. that will do it for the "claman countdown." it is friday tomorrow. see you then. >> stocks rallying for the third straight day. look at the chart. the dow closing higher by 238 points. first three days of gains in the dow. all three major averages. with t

. >> it's a remarkable story now jeffries is out this morning, david katz saying he's putting a new pricearget on the share, 230 bucks a buy >> there's zero indication that said, guys, we're going to vegas for a dude's trip, let's go to caesars not wynn because this happened their core business appears not to have suffered >> he says room revenues look right where they are the outlook is good. they have mass gaming increases in macau they're looking at japan, making ahard play because everybody thinks gaming will happen in japan. >> big interview coming up, contessa thank you. we'll hear from matt maddox later this morning on "squawk box. >>> just getting rolling on "worldwide exchange. on deck, we're all over the early market action following the selloff futures indicating another drop of 100 points at the open first we're going behind the wheel. phil lebeaueijing auto show what is attracting a big crowd here at the beijing auto show? this is the first time tesla set up a booth here at the beijing auto show. they're all coming here to see the model 3. we'll look at tesla's opportunity in

joining us are colin sebastian, managing director with baird, and brent is a manager director with jeffries thanks for being here. brent, let me start with you there seems to be some concern that google is spending an awful lot of money to compete with the likes of amazon, for example, in things such as cloud and a.i should that be a concern for invest investors? >> i think short term, yes, if you look at historical years where they have spent big in op-x, you have seen the stock underperform google doesn't provide guidance. that's one challenge that is in front of investors right now but yeah, look, the revenue growth has accelerated four quarters in a row. the margins are down, and there's no color in ters of what they're going to spend for the rest of the year the fear every investor has in google is they go beyond core advertising into the home to compete against amazon, to autonomous and other areas that those inherently just won't return the same type of return that they saw in the core ad business so short term, this is sidelining the story, i think, over a period of time, the stock

. >> all right, here with me now, democratic congressman kim jeffries of new york.he thinks putin put her up to it and told her to lie to create chaos over here. you think with this admission is felony conspiracy. make your case. >> i think if you look at the overall picture, we understand russian interfered with our elections, we know that at the same time that russia was interfering with our democracy, high level members of the trump campaign including paul manafort and michael flynn and the son, the son-in-law, the personal attorney to foreign policy adviser, the long time good friend roger stone -- >> you're not keeping track, don't worry about it. >> it goes on and on and on. all the president's men were having regular communication with russian spies. and as bob mueller's job to figure out what was going on, but this mounting evidence that there was a conspiracy working with russian spies to sell out on democracy underminded the preszi presidential election. >> you don't have proof this is felony conspiracy. >> i disagree with that. i think, one, you have moun

further out, model 3 production is the key to cash flow generation for that company earlier today jeffries putting out a note saying there is a high probability that management and the board will take more drastic action in terms of guidance and on funding in terms of restoring future credibility. essentially saying, look, this is a wake-up call. one way or the other, we get good news on production or if it falls short, the board will step up and change things one last night as jeffries upgraded the stock to a hold, ron barron, the investor who's been extremely bullish regard d regarding his belief in tesla, he's out with a note today saying he's not changed his position at all when it comes to investing in tesla. >> i was waiting to see if you said, he's selling everything. >> no. >> probably makes more sense he's sticking with his well-known position on that one. phil, stay with us phil lebeau there. joining us now -- sorry -- to discuss more about this -- >> no, no, go for it. >> kevin o'leary is back phil, you're with us as well >> i don't think it should be traded as a car company, pe

do they come back with some new guidance jeffries was out with a note today, yes, they upgraded theiry said the high probability -- there is a high probability that management and the board will take more drastic action on guidance and funding to restore credibility you can't really trust the guidance that they give. they have given guidance repeatedly and then fallen short or changed it. so at some point as an investor if you were truly buying into that they can ramp up production, excaccelerate it, a some point you have to say, okay, i've got some confidence that they're going to follow through. so far there's been none of that. >> phil, they've never hit their estimates. nobody cares >> correct. >> you're saying this time they care >> i'm not sure if the investor will care. increasingly when moody's came out and they downgraded the credit rating, people are saying there's a credit issue and a cash flow issue. i think that's what people care about. you're right about the guidance. the bulls are the bulls. they're going into this stock regardless of whether or not the guidance is acc

jeffries says the business trends are improving. expedia andcheck on booking holdings.ter revenue ahead of analyst estimates. expectations were fairly low. it was better than feared. >> thank you. in currencies, we are keeping an eye on the british pound. not feeling so great today if you are long on the pound. a week gdp report. theou blame it on the snow government was downplaying that. >> there was not the slowed to blame but wages the highest since 2008. raising more inflation. word news with mark crumpton. mark: the net a nation secretary-general gutierrez calls the summit between moon jae-in and kim jong-un historic. the spokesman read the remarks to reporters here in new york. >> the general counsel will build and implement all agreed action to further reconciliation, and progress towards a verifiable denuclearization on the korean peninsula. thehis also applauded important commitments -- commitment from both sides. mike pompeo addressed a meeting in brussels for the first time as america's top diplomat. pompeo was sworn in thursday. he said the u.s. remains comm

he is jeffries chief global equities strategist.eract with the charts shown using g tv . browse recent chart to catch up on key analysis. you can even save your favorite charts for future reference. yvonne: definitely one function to check out. quick check on the business flash headlines. nine reports that it is considering dropping the sale of its -- memory chip unit. the sale could be canceled if toshiba doesn't receive approval from chinese antitrust authorities. kathleen: chinese online health care platform is launching an ipo in hong kong that could raise more than $1 billion. it aims to be in trading on may 4. citigroup and jpmorgan are joint sponsors. yvonne: g.m. korea is close to a deal with workers that could stave off a bankruptcy filing. the carmaker is expect it to issue a statement soon. plenty more to come here on "daybreak: asia." this is bloomberg. ♪ this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. l

is this where at it's at jeffries upgrading the stock to hold michele you talk about trillion. everybody knows about tweet, not everybody but most people know about the tweet yesterday from elon musk regarding the company going bankrupt ill-advised april fools' joke on his part >> seems kind of tone deaf stay with us let's bring in brad ericcson great to have you with us. i want to ask about the report that had tesla pairing its losses media report citing an e-mail from elon musk to staff say if they go at the same rate by the end of the day they will hit 2,000. which is greater than what analysts have been expect the in terms of how big the miss would be are you hearing anything from the company about this or from your own sources >> yeah. i mean we've caught up with the folks that got a hold of that e-mail i wouldn't read too much into it it highlights what the bulls are thinking which is they are improving. getting hung up on where the numbers, 1900, 2100 or 2300 is just not all that important. the fact that they are improving is the most important piece. >> let's go to what

. >> all right we'll leave it there thank you, brent brent thill jeffries, equity analyst. >> as markuckerberg gets ready to testify, let's talk about real regulation what can congress do to regulate a company like facebook, if anything let's bring in our panel stephanie miller is senior analyst with height capital markets, a d.c. research firm. jimmy is an economic policy analyst with aei as well as a cnbc contributor and john is cnbc's technology correspondent. good to be sitting next to you my neighbor, john. what can congress do to regulate this company i guess it depends michelle asked a very good question a few minutes ago how do you define facebook is it a media company or something different? >> i would define facebook as an advertising revenue company but what congress can do is pretty broad if they want to. i just don't think they're going to be capable of doing very much abroad, what folks in the industry refer to as an omnibus data security or privacy legislation, it's going to take a long time to get this congress kind of coalesced around some ideas. we'll start to see hi

earnings on monday that stock as you can see up about 2% meantime, mattel upgraded to hold from jeffries that trading up 6% off that note >>> let's get a news update with sue herrera. >> hello here's what's happening at this hour algeria says 257 people have died in a military plane crash near that country's capital. the plane was carrying soldiers and their families it crashed soon after takeoff in a farm field in the northern part of the country. it appears to be the nation's worst-ever aviation disaster the cause as yet unclear >>> back at home, bill cosby back in court for day three of his sexual assault retrial one of his accusers heidi thomas returning to the witness stand she stunned the courtroom by telling jurors she wants to see a, quote, serial rapist convicted. >>> billionaire hedge fund manager ken griffin donating $10 million to the city of chicago to help reduce violent crime it will be used for training, early intervention, and mental health resources >> no child anywhere should be afraid to walk to school or play outside. a safer chicago tracks more families, more busine

jeffries: mr. speaker, the so-called balanced budget amendment is nothing but a phony, fraudulent and fake effort to promote fiscal responsibility. i'm perplexed by the notion that my good friends on the other side of the aisle would come to the house floor to lecture the american people about the budget when their actions are primarily responsible for the situation that we find ourselves in. how did we arrive at a moment where in this country we confront a crippling $20 trillion debt, when the clinton administration handed the bush administration a budget surplus? i'm glad you asked that question. number one, a failed war in iraq brought to us by a republican administration. number two, an unnecessarily prolonged conflict in afghanistan brought to us by a republican administration. number three, the bush tax giveaways of 2001 brought to us by a republican house, a republican senate, and a republican president. number four, the 2003 bush tax giveaway brought to us by a republican house, a republica

conversation steven is here what do you think about this, steven by the way, he is the equity strategist at jeffriesputs any kind of concern or as steve was mentioning, any kind of additional tail risk, again, gt mark the market is going to take a stance you've seen volatility rise from levels that were ridiculously low and now we're getting back to more normal levels. >> that's what i'm trying to figure out are we desensitized with any volatility we've seen a lot of 2% and plus moves. >> that's how the market has been prior to last year, prior to 2017. think about the rotation that we had in 2016, the rotation that we had in 2015 these are kind of just normal markets. >> maybe just the points are bigger now because we're at higher levels to the 345rmarket >> the point levels are higher that's one thing you have to look at the percentage changes just kind of think of the vix and nix going back to 1990 the average is 20. 9 is not the right number. 39's not the right number. it's somewhere in between. why can't 20 be more of the right number here when you have a lot of uncertainty and, again, the mark

. >> jeffry sachs, this is different than a war. this is convoluted and could get out of control.uld escalate. >> it's true, but i think we have to step back and not put it in partisan terms. this is a u.s. mistake that started seven years ago. i remember the day on your show when president obama said assad must go and i looked at you and joe and i said, huh, how is he going to do that? where is the policy for that? >> right. >> and we know, they sent him the cia to overthrow assad, the cia in saudi arabia, together, in covert operations tried to overthrow assad. it was a disaster. it brought in isis and a splitter group to the jihadists that went in. it also brought in russia. we have been digging deeper and deeper and deeper. what we should do now is get out and not continue to throw missiles, not have a confrontation with russia. seven years have been a disaster, under obama, continuing under trump. this is, what i call the permanent state. this is the cia, the pentagon, wanting to keep iran and russia out of syria, but no way to do that. so, we have made a proxy war in syria.