angie: bridgewater has hired jon rubinstein as co-ceo.

jon rubinstein has been hired as the co-water of bridgewater. bridgewater manages $154 billion.he current ceo is greg jensen. jensen will focus more on investing at bridgewater. that is your business flash update. to headow, we are going over to a bloomberg exclusive. earlier today, we sat down with the canadian pacific railway ceo, hunter harrison. erik schatzker asked about his efforts to buy norfolk southern. hunter: there is not a favorite there. both the organizations in the east would work with our franchise. there is not a favorite. one has this advantage, one has that advantage. we think we could fit well with either one. either one of them -- one of them would fit well with us. aik: is the approach to csx sign, an indication that you are running out of patience with norfolk southern? o'er the prospects for getting a deal done there are deteriorating? hader: if you go back, we the initial conversation with csx. offer --ke we made an you don't do that in a 1.5 hour meeting. erik: you have not made an offer? hunter: no. i have a reputation of being a past gun, but i'm not

. >> bridgewater has hired jon rubinstein as co-ceo. co-ceo is set to turn his focus on his investing role. this higher comes after reports of tensions between the two, who was considered next in line. >> bridgewater has a culture of fighting things out internally, debating, having people vote on who is right. it is very weird to anybody outside of bridgewater, but inside, this is the norm. really what this is all about of having jensen focus on investing versus running the company as ceo co-ceo, that is a more , administrator role at bridgewater, so this is emblematic that they want him more focused on investing. jensen is known to be a very smart man, and that is what they are focusing on. who they hired rubinstein has an , extensive career in technology. mobile -- >> a strange fit, then. >> more and more, people are describing bridgewater as a technology company. the utilize quantitative strategies, if you will to make , a lot of their decisions. ramy: still to come on bloomberg best highlights from a week full , of interviews and in

jon rubinstein has been hired as co-ceo of bridgewater associates.his is according to people familiar with the matter. bridgewater manages $154 billion. the current ceo is greg jensen. he will focus more on investing at bridgewater. first-time applications for unemployment benefits declined to the lowest in five months last week. initial jobless claims drop by 18,000. employers have been holding off on firings and adding staff. yahoo! hitting the ice, streaming four free nhl matches per week. the streaming begins friday. that is your business flash update. let's return our attention back to the world's reaction to the ecb decision. the euro reversed its losses after mario draghi said that the ecb solved no further need for more interest-rate cuts at this time. is a ratenes strategist for bloomberg intelligence and he joins us now. make sense of what happened here for us when it comes to the euro reaction. what was going through investors minds? richard: it is pretty difficult to come to any firm conclusions just based on a few hours a price reaction.

angie: bridgewater has hired jon rubinstein as co-ceo. co-ceo is set to turn his focus on his investing role. this higher comes after reports of tensions between the two, who was considered next in line. katia: bridgewater has a culture of fighting things out internally, debating, having people vote on who is right. it is very weird to anybody outside of bridgewater, but inside, this is the norm. really what this is all about of having jensen focus on investing versus running the company as ceo, co-ceo, that is a more administrator role at bridgewater, so this is emblematic that they want him more focused on investing. jensen is known to be a very smart man, and that is what they are focusing on. who they hired, rubinstein has an extensive career in technology. mobile -- angie: a strange fit, then. katia: more and more, people are describing bridgewater as a technology company. the utilize quantitative strategies, if you will, to make a lot of their decisions. ramy: still to come on "bloomberg best," highlights from a week full of intervi

jon as the co-cio. -- bridgwater hiring john rubinstein. does this mean luxury rentals are becoming more attractive?e have a story out today on bloomberg. so, what new york is seeing, a large number of luxury rentals at high prices, $20,000 and above. you are saying luxury rents go down. we do have a choice of fantastic apartments. oshrat coversght, real estate and kevin maloney. and once again bridgwater is said to have hired john rubinstein as co-ceo. you can learn more about luxury real estate on bloomberg pursuits. the had to ni pursuits on bloomberg. still to come, more reaction to the ecb's moves. ♪ vonnie: it is 11 a.m. in new and hong kong.ht from bloomberg world headquarters in new york, i'm vonnie quinn in for betty liu. and i mark barton. this is the european close. and i am mark barton. this is the european close. we are going to take you from new york to london to washington. here is what we are watching. mark: the latest on how markets reacting to mario draghi. and just trudeau visits for the --ouse white trudeau visits the house for the first state visit by a canadian leader in the ye