. >>> plus, bill ackman, john paulson and karen finerman see value in the same stock. what is it? we'll tell you when "fast money" returns. is changing. at temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. everywhere where there's a phone, you have a bank. now a person is able to start a business, and employ somebody for the first time. the microsoft cloud helped us to bring banking to ten million people in just two years. it's transforming our world. that's why i run on quickbooks. details. i use the payments app to accept credit cards... ...and everything autosyncs. those sales prove my sustainable designs are better for the environment and my bottom line. that's how i own it. we believe in the power of active management. anagement, we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management. >>> welcome back to "fast money." kayla? >> melissa, looks like a headline beat for revenue and for the bottom line. revenue is up a

billionaire john paulson positive and's in hedge funds covering 15% in the first quarter. person familiar with the matters is almost 1/2 of losses occurring in the month of march, paulson manages the advantage and advantage. that is your business flash update. having a tough march. it has not been a good month for hedge funds. let's bring in kathy burton, who broke this story on bloomberg. he did not have a great march. kathy: no, nor a great beginning of the year. carol: is he alone? kathy: it's been a strange year. there was a report that came out today saying 70% of hedge funds need money in march, and yet we've seen some very disastrous march numbers. carol: talk about his investments and why he maybe had such a tough march. he has about a billion and a half dollars worth of allergan and a billion three in valeant. valeant has been down 74% in the quarter, so that hurts. carol: it has not been an easy environment for some time. why has it gotten so tricky for many of these investors? kathy: in the beginning of the year, stocks fell. people took off risk, and then we ha

with the 15% slide yesterday, john paulson lost 215 million estimated on paper. so many other big names are in this as well. and there's a lot of discussion on whether the treasury did this sort of surprise move -- i think jim cramer called it the nonchalant moving of the goalpost. he did a deep dive into the fact they've tried this three times in the last two years and haven't given much indication ghoek farther and do more and be more aggressive. but boom, they did it yesterday. >> they got in it. we're in an election race as well. >> today's other big story is on the race for the white house. donald trump facing a significant setback in his quest for the republican nomination as ted cruz wins big in wisconsin. >> tonight is a turning point. it is a rallying cry. it is a call from the hard-working men and women of wisconsin to the people of america. we have a choice. a real choice. >> nbc news reporting cruz won 33 of the state's 42 delegates with trump taking three delegates. two districts yet to be allocated this morning. to clinch the nomination, a candidate

hedget: john paulson's fund tumbled in the first quarter, according to someone familiar with it.usiness flash update. let's go over to the markets desk, where julie hyman is focusing on gold and copper. julie: we are seeing action in the oil market. less action in some of the metals today. gold futures are higher by 1%, notable on a day when stocks are also higher. people are still doing some hedging activity through gold, something characterized in the recent upturn in stocks. gold rising. are also higher today by a little bit, .4%. the weekly picture for these two is also worth noting. gold is having its biggest weekly advance in a month, up by 1.6%, as we have had some of these concerns about global growth creeping back into the market. copper futures, as it is more reflective about global growth, is down 3.6%. are fivea glut of metals, according to one of our analysts, and that is attributable to china. scarlet: thank you so much. that sets us up for our next segment. alix: one of the best-performing segments this year has been gold . but silver is up only about 10%. that bri

you are watching "bloomberg " we will be interviewing hank paulson. johno cover with john micklethwait. let's give you a check on the markets. the biggest one-day drop in the s&p yesterday since every three. -- february 3. we are going into the close up .9%. stocks heading for a third straight week of losses. that one shining bright red all week. morning afterthis the japanese finance minister said he would be prepared. session.4.4% on the there are your market moves. let's check over to vonnie quinn. vonnie: establishment republicans are eager to defeat donald trump so much that party donors see ted cruz is the only one left that can deny him the nomination. there bolstered by his decisive win in wisconsin this weekend. you will speak to influence will donors and jewish leaders where he will address the jewish republican coalition. donald trump and john kasich both declined invitations. secretary of state baghdad on an unannounced visit meeting iraq's foreign minister and other top officials. his visit coincides with military action against militants. coa

john travolta. >> and speaking of emmies, could we see sarah paulson nominated for her work on the series and "americanorror story"? >> we've been hearing a lot from the real-life players, including marsha clark, but no one has heard from chris darden until now. >> can we talk a little about marsha? the smile. was there a relationship? >> what does that mean, a relationship? >> that's a good question. >> here's a surprising thing he admitted about his love life later in the show. >>> and we have blake shelton talking about his love life and new music. plus, we're sitting down with his buddy luke bryan. what they have planned for the big show. >> you guys did kick blake off the hosting stag tmom didn't want another dog. she said it's too much work. lulu's hair just floats. uhh help me! (doorbell) mom, check this out. wow. swiffer sweeper, and dusters. this is what i'm talking about. look at that. sticks to this better than it sticks to lulu. that's your hair lulu! mom, can we have another dog? (laughing) trap and lock up to 4x more dirt, dust and hair than the store brand stop cleaning. start swiffer in

we'll also be hearing this morning from former treasury secretary hank paulson and honeywell chairman and ceo dave cody. economist john silvia will be joining us to kick things off. first, let's get to the guys in new york. joe, my heart is breaking. i was traveling yesterday and out last night. i missed all of the masters disaster, been reading about it this morning, checking this stuff out. 11 inches? missing? >> ernie ells. becky, i'm telling you -- >> yes, not you. >> right. i read what he said this morning, and my heart really went out to him. after being so great -- you know what he said? he said, i got up to that first three footer for bogey. number one is a really hard hole, and all the greens are really hard. they're so fast. the holes are cut so sharp. they're very scary. what he said really got to me. he said, i couldn't pull the putter back. i know that feeling so well. it's because he's still got the right hand low. i can tell you that ernie is going to be -- i don't think he's clawing yet, but i can't say for sure. but he's going to have to do something called the claw. that's the only way. also, what i

it was john mccain, suspending presidential campaign and go back to fix the economy which he didn't do, left to the hands of literally hank paulsonancy pelosi that hurt him too. neil: mike, if you look at it, we're grateful for so little. comeback in the dow as you alluded to, lately on the heels of banks and bank stocks. >> yeah. neil: even though to a bank they reported horrible numbers from a year ago but i guess better than expected, so we're grateful. >> i see as you guys just said for a year we've had bad earnings. the bar is so low in terms of expectations, if you can slip over the bar like say a goldman sachs did this morning you will be okay. neil: that was awful report! >> it doesn't look good. equity trading is not looking good. what jacob lew is doing at treasury but -- neil: why are we ignoring that? >> we are ignoring that because expectations gotten so low. doing that as we approach stock market highs. why is happening? in february the world was reportedly coming to an end. when it didn't come to an end, people continue to shovel doubt on the situation. meanwhile a lot of investors still hitting on their hands. we