. >>> john mattingly joins us to talk about the latest jobs report upcoming earnings season what it all means for your money. john always good to see you. >> thank you. >>ve a long sort of series there of packages that lays out a lot of the issues that the economy is facing. do you think we're in just a soft patch, or do you think that we are in a phase where we have to ratchet down our expectations for growth for corporate profits and hence for the stock market? >> no i don't think it's the latter. i think it's a soft patch. i think it's caused by the dollar caused by the oil. those are things that go up and down. i still think the economy is getting better on balance. i think we see that within a couple of quarters. >> let's turn to earnings. a lot of people have dismal outlooks for first quarter earnings even negative numbers in front of earnings growth. in other words e earnings would be down from where they were a year ago. what do you think? >> i think it's a low hurdle rate. we're ve concerned about our news. sometimes we look at earnings right now sometimes we look out three to

mattingly here. we will see you back your 5:00 p.m. asian time. john heilemann and i will have " with all due respect." after break, "bloomberg west." mark: live from bloomberg world that word is in new york and san francisco, welcome to "bloomberg west," for we focus on innovation, technology, and the future of business. i am mark crumpton come in for emily chang. how long can apple's massive fight iphone growth continue? another blockbuster quarter for apple. 33% profit growth, 27% revenue growth. iphone sales in china surpassing those of the united states for the first time. can tim cook keep up the momentum? cory johnson is that the bloomberg businessweek design conference in san francisco, where he has special guests. cory: yeah, mark, when we talk about what design can mean for a business, everybody's thoughts start with apple. i have someone who knows apple quite well. let's talk about the quarter for apple. a lot of things to talk about here. what jumped out at you the most? >> there is a lot of things. what stuck out to me is that apple is con

also with us from nashville pulitzer prize winning historian john meacham and national political correspondent for bloomberg politics phil mattinglyreet journal" with ted cruz on supporting this trade deal. why do you support it? >> because it means more jobs. we need to open up exports for our markets, for our businesses for our workers so that we can have more jobs. joe, 95% of the world's consumers don't live in america, they live in other countries and if we want to have more higher-paying jobs we need to make and grow thicks in america and send them overseas. we have to open these markets. >> these trade agreements have the potential of giving us access to a billion new customers. one in five jobs are tied to trade already and these jobs pay more. we want more. >> how is it going to create jobs here in america? because there are some democrats even who are concerned that it does the opposite. >> well, right now if you want to snell a lot of other countries, in many cases you have to manufacture in those countries to penetrate those markets. we want to eliminate the trade barriers so we can make things in america and send them