julia: free up cash effect.need to see new money, rotation, and that will drive sentiment which will help the energy group. julia: would you call this a kind of inflection point based on what we have seen in the last two weeks? rebecca: i went. i think we are getting to an inflection point where you'll have fundamentals. you have technicals which are a little bit overly bearish. to move in the right way, it could be a violent rally. julia: what is the risk, particularly for the retail guys, they miss? at least the first leg of the energy you guys have got income you can see opportunities. preventsive sentiments opportunity. rebecca: i think they could miss the first leg but this has a long way to go. the underperformance is significant. even if you miss the first leg and you are retelling you get back in and build your confidence, there is a trade to be had. julia: thank you so much. rebecca babin, senior oddity -- energy trader. don't miss a show hosted by alix steel that tackles the biggest stories and trends

julia: yes, we chose the worst time to go out. out in late 2008 was a really special experience. but it taught us a lot. we met with 27 or so venture capital firms, and we were turned down by all of them. so that experience teaches you a lot, right, going into the room and having to answer really critical questions about your business model. sometimes it takes a down market to create that critical question asking moment. and i think if we had gone out during a frothier time, we would not have faced that. so what we did, and i attribute this to you, is we lost everybody with our 2009 plan, our annual plan. and we just came back towards the end of 2009 and showed our results, and that spoke for itself. it was a very different experience. it wasn't easy, but i think that people were surprised by how much traction we had in such a difficult market. emily: sequoia led your first round. kevin: that's right. and we were really excited -- i was excited to work again with a person i knew from paypal. he worked with us at xoom and eventbrit

julia: what'd you miss?pmorgan-chase business booming with their latest financial quarter results. wells fargo beat expectations use $1 billion to settle eight u.s. probe into its consumer business. ounder of a crowd sourced financial estimates platform with us. outperformed but the for performance -- performance today in the market was soggy. all of these banks had really been taking up into the reports, and these stocks have followed that. you get a couple of good reports from these banks, and we are seeing good upward movement in morgan stanley and goldman. but outside of the fact the market took a dive late into the day, the banks put in outside reversals. they open high and closed low above the range of the previous day. aat is usually be bad sign -- bad sign for a reversal of a stock. scarlet: when we talk about estimates, it is often times the sell side. is this based on buy side or sell side estimates? allowsthe sell side 69% of companies on a quarterly basis to beat their estimates. you can measure

julia: exactly, no surprises. julia once to take us to the markets.at what is going on. we have made some slight gains in europe, as far as the nasdaq teachers. amazon -- nasdaq futures. . --se stocks in particular right now, the nasdaq higher. a slight tilt to the downside for s&p 500, but right now, crude of three -- .3. we have seen a strong performance in recent times, trading around the year high levels, just watching what is going on as far as the euro-dollar is concerned. right now, the dollar making games. the dollar index having its best week in 17 months. a bit of softness in the european data and gdp data as a prelude to what we get from the united states and around half an hour. david: we promised we would go to an investor at exxon and we will do that now with eddie the $2 where he manages billion large-cap value fund. thank you. good to have you. we gave you a summary of what we have seen of earnings. is it in line with what you expected? eddie: bradley, yes. the debate on has been the capital spending and what is true for the industry i

julia: a lady of grace.o's front runner is clocking a milestone in the race for the presidency. amlo is distancing himself from rivals by 22 percentage points in a new poll ahead of the july 1 vote. joining us is kathryn rooney vera, bulltick capital markets head of latin research. thank you for shortening his name. that makes it a lot easier. you think he ultimately wins the election. about asbeen talked the worst-case scenario for markets. talk about what you expect reaction to be in the market. kathryn: there's a wave of discontent in mexican society after a lot of corruption and very low poll numbers for the current president and the current party. -- themoderated his markets are getting a lot more comfortable with the scenario. he's not going to be hugo chavez. it's very impressive that the amlohas rallied, even with with double-digit leads ahead of his closest competitors. julia: we have seen this with populists all over the world -- the promises they make pre-election significantly moderate afterwards

julia: live, i'm julia chesley. scarlet: i'm scarlet food. joe: i'm joe weisenthal. julia: geopolitics front and center. facebook shares bucked the trend. zuckerberg's congressional grilling ends. what's what'd you miss? scarlet: a stern warning to russia to get ready for a missile strike in syria. a second round of grilling for mark zuckerberg. he acknowledges they collect data on nonusers. and inflation concerns. julia: president trump met with james mattis today as he continues weighing potential options for action in syria. the president fired off a warning shot telling russia to get ready for a missile strike, but a strike is not expected today. that is according to two people familiar with the matter. marty, great to have you. the tension level has come down from jimsince we heard mattis. the suggestion that we are still assessing the information, who was the perpetrator, and despite the president's tweet, military action is not absolutely imminent. >> the tweet this morning was alarming. panicrkets didn't go into mode. even though such a strike would create a

julia: did you laugh? mike: i did not. julia: you are a liar.er] welcome to the new generation of ceos. mike, thank you so much. pursuing tradea pursuits and the trade war to into economic powers. from new york, this is bloomberg. ♪ julia: china is showing the u.s. it will make it on its trade threats. the chinese government said tariffs of $3 billion of imports going into effect today, picking up 128 products ranging from fruit, pork, and wine. this sparking fears of a broader trade war. for a sense of where this goes next, we welcome brad setser. pull there, i argue it is not the case at all in the chinese are being muted in their response when talking about $3 billion worth of tariffs. think? you restrained, it is the warm-up round. it is the play in him for the ncaas. julia: are you surprised china said they want more talks? tois almost a desperation bring everybody to the table, i spoke to the commerce secretary last week and i said to him if steve mnuchin is going to had off to beijing, and there was no sense if there was a plan to get aro

julia: what'd you miss?e tough words on trade between washington and beijing. the white house says there is no trade war. >> this is not a trade war. there is no war here. all we are trying to do is stay and defend american technology, which is crucial to american economic growth. you have to enact the tariffs. no trade war. we're back with the chief strategist of the core group. and we're back with michael mckee. he said to us earlier, backward policy. explain. peter: generally policy if you have a group of people that come together and negotiate something and then the president comes out and announces its and finds it. hiscompany of counterpart peers making a proclamation and staff has to scramble to try to make sense out of it. i certainly can't so maybe they can and that will help reduce the volatility. julia: uncharted waters is i think what we called at the beginning of the presidency. joe: i am sensing a message disconnect. hard to believe. the president trump keeps hammering on the trade deficit than

julia: talk about the classification. investments like uber, that is going to be hitting income statements this time around. and you also have changes in nest. have the revenue traffic of $24.9 billion, almost 25. the number has been moving around in the last couple of days. when we are looking at revenue, that is higher than anticipated, and eps is higher than anticipated. as juliathe revenue, mentioned with other classifications. 4.5 billion dollars, i don't know if you can't compare it to anything else because of moving parts. >> we see some good numbers are coming out of the company and their quarter. the question is what do you think the impact is of some of concerns.ey -- piracy are you seeing anything from advertisers in any pushback on some of that data he typically provide that you may not be able to provide about customers going forward. joe: go back to the privacy question. what is the main anxiety there? >> the advantages of advertising there is a they can provide advertisers with so much user information. you

julia, amazon shares do not move on this story. julia: thanks so much. let's get an update on the bloomberg first word news with mark crumpton. mark: the european union's foreign-policy chief says an end to the syrian civil war has never been as distant. he called on russia to bring the syrian government to un-sponsored talks. the reality that without a political negotiation, this cycle of destruction will simply continue and it will become an endless conflict. it is not in the interest of the civilian people that are asking for the worst to stop. mark: bo pelini acknowledged that seven years into the syrian civil war "it is true that the solution to the conflict seems to be even more far away than ever." congress could take its first big step in years toward updating authorization for u.s. military action in the middle east. this days after president order those airstrikes against syria without congressional approval. virginia democratic senator tim kaine called the president's decision "." ." "illegal bob corker could introduce a draft as soon as today

julia: i'm julia chatterley.s far as price action is concerned, down 2.5% for the dow and we are bouncing around the session lows, putting pressure and intensifying as of 1:30 p.m. steve mnuchin talking this afternoon and we heard from jerome powell. no talk about the volatility that we have seen from the central bank governor. julie: and one thing we should mention is the 10 year, because we see buying in treasuries as we see selling and stock, not a pattern we have seen of late. in other words, we have not always had them going in opposite directions. julia: hoping what we see as far as financials, health care. and not one sector for the s&p 500 holding in the green. so the friday session and we are going toward the close. for now, we will go to a first word update with mark crumpton. mark: larry kudlow trying to calm concerns that the u.s. and china are going into a trade war. the head of the national economic council spoke with reporters hours after china promised to retaliate if the u.s. proceed with new tar

julia: at least for now.oe: earlier the characterization was we would see the first assessment of the earnings, whether they were good, and then they would fade. facebook only got stronger. today the feeling is the reassessments were positive. romaine: going back to the sentiment issue, the average daily volume today is about 25% higher than over the short term average. all of the volumetrics that we use were well above the averages that we have been at recently on an update. the only times we have been above those averages is on down days. there is more positive sentiment today than what we got out of the earnings batch it past 24 hours -- in the past 24 hours. julia: what specifically about facebook are people extrapolating to the rest of the companies that are reporting? facebook is so dominant in what it does. facebook, alphabet, those are your main options for advertising online. romaine: they certainly have that monopoly affect. a lot of their growth was because of pricing power, you look at a company l

julia: talk to me about softbank.he face of what we are seeing is far as a broader shakedown? >> the rationale kind softbank for me is bidding on mr. son. i think he is the best entrepreneur of all time in japan. i know there's a lot of controversy in the u.s.. it is just an amazing track record. i'm happy to give him the benefit of doubt. he is doing interesting things. so let's wait. resilient? nervousness? >> i don't get too worried about the movement i focus on the he alwaysl heard delivered on his past commitment. scarlet: thank you so much. us, normally based in hong kong but visiting the u.s.. coming up, white pension funds need to extend their time verizon. reminder, surprise -- subscribe to our podcast on itunes where you'll find the best context each friday to employ over the weekend. you can listen to them on audio. from new york, this is bloomberg. ♪ ♪ scarlet: what'd you miss? when it comes to stockpicking, long seeks dividend. we call ourselves unconventionally conventional. it's nothing can see, it is a

. ♪ julia: life from bloomberg headquarters in new york, i am julia chatterley.e are 30 minutes from the close of trading as equities rally and bonds. as the president tones down the rhetoric on china and syria. joe: but the question is, what you miss? scarlet: president trump asks advisors to look to rejoining the transpacific partnership. mixed messages on syria. president trump says he will weigh options for the four hours after saying to get ready for missile attacks. at the moment of truth in the volatility blame game. the big spikes we have seen this year might not be good for them, and jpmorgan and citigroup and wells fargo report before the bell tomorrow. a slew of headlines out of d.c. today, the major policy change from the president. a few days after his inauguration, president trump abandoned president obama's pacific trade partnership, and promised a better way forward for a u.s. trade deal. he reiterated the point last november. president trump: we will have more trade anybody ever thought of under tpp that i can tell you. idea, andt the right i wil

m julia chatterley.senthal.m joe and if you tune in on twitter we welcome you to our closing coverage. we begin with our market minutes. and what was supposed to be a big rally, it lost steam in the final session of trading on monday. headlines crossed five minutes before the market close from the new york times saying the fbi raided the office of president trump's longtime personal lawyer, michael cohen. documents relating to several topics, including payments to an adult actress. according to mr. cohen's lawyer, he called the search and appropriate and completely unnecessary. we should mention the search does not appear to be directed towards mueller's investigation, but it directly resulted in information he recovered and handed off to prosecutors and new york. that is the breaking news. we will walk you through equities, and i am looking at the intraday chart, and can see the move higher in the main three indexes. the march up to the highs, and state at those levels throughout the midday and and star

. ♪ julia: live from new york i am julia chatterley.here 30 minutes from the close with stocks slipping and the tenure approaching highs. is, but the question "what'd you miss?" julia: speculation the g russian government to come to aid, and that apple iphone tracking down semi conductors, ringing the alarm for the current quarter. and the turkish president throwing his opponent for a loop, calling for a step election that could give him the upper hand. aluminum posted its first boston for the space and speculative russia could come to the aid -- aluminum posted its first loss, and commodities markets have been rocked in the last two weeks the clampdown of the largest aluminum supplier outside of china. there is for alternative supplies and concerns that the u.s. actions could affect other markets like nickel. here to talk about what is next for industrial metals is bloomberg's metals and mining reporter. hasn't it been a fascinating couple of weeks? let's start with the prospect of russia bailing out, what does it mean for shoring up s

julia: life from bloomberg world headquarters in new york, i am julia chatterley. julie: i am julie hyman. joe: nam joe weisenthal. julia: more than 8000 port swing from yesterday's close in the dow. joe: the question is, what you miss? white house officials say tough talk will not lead to a trade war. hedgee playbook for funds, white raising short-term rates to benefit large cast positions. an elephant charts in need of a tuneup. why they go to model for global income distribution may paint and inaccurate economic picture. ♪ miss?""what'd you this morning the president's new economic council director larry kudlow emphasized reporters that the tariffs are just proposed at this point. but how are investors weigh the risks? -- we welcome benjamin segal. when you look at the back and forth rhetoric about the trade discussion and tariff discussions, what is your worry level at this point? benjamin: i don't did where at the extreme worry level, i think will are heads will prevail and that is what we are beginning to see with larry kudlow stepping in. it is clearly a ris

julia: i am julia chatterley.elcomed the "bloomberg markets". ♪ julia: we are live in new york over the next hour. here the top stories we are covering from bloomberg and around the world. happy hour for markets, and markets short of morgan stanley's warnings. starbucks under scrutiny and why the company asked to shut more than 8000 stores for a day. and another day cap mar-a-lago. what is at stake as president trump meets shinzo abe in florida. and we are one hour from the close, and let's get a check with the markets with julie hyman. representing the green on the screen, the call of earnings is stronger than some of the cautious notes founded by the likes of morgan stanley strategists and others. as we see a second straight day of gains. a lot of gains propelled by earnings. it is also a day notable once again for the leadership of the nasdaq versus the dow. new economy versus the old, so to speak. i look at that and the bloomberg, and we have to ratio of the doubt to the nasdaq -- dow relative to the nasdaq. t

>> i am julia chatterley. welcome to "bloomberg markets." ♪ scarlet: we are live in bloomberg headquarters over new york over the next hour. here are the top stories we are covering. investors are asking, is this as good as it gets? a spotlight on social. twitter warns of slowing growth. facebook takes center stage after the bell. tim cook returns to the white house to meet president trump as the company looks to head off a growing trade war. let's get to the markets. we are meandering right now after the selloff. >> it has been all over the map in today's session in a relatively tight range. we haven't had any big headlines coming out through the day. earnings news this morning move stocks. there is not much to account for the correct up and down. let's take a closer look. here is the today chart for the s&p 500 index. two-day chart for the s&p 500. we have not come close to what any point recouping the losses from yesterday. let's take a look at the big movers. they are contributing the most index point term

julia: we have a chart.t is quite fascinating, if you look at the sentiment chart in the s&p 500 and the andback we see in yellow, you see the white line, the risk indicator. that has pulled way back. mike: it has done a better job on the lows of identifying buying opportunities. this is part and parcel with the idea that tops are rounding long-drawnout affairs. scarlet: you have to move quickly. mike: our call for this year is that we are in a rounding top now. the first shot was in january. in march.ther one but it takes time for that talk to happen. whatever you get out of this trade, it is true. wilson is staying with us. up next, the risk of the downside. keep an eye on the yield curve. from new york, this is bloomberg. ♪ scarlet: this is "bloomberg markets." julia: we are back with morgan stanley chief u.s. equity strategist, mike wilson. one of the things we are looking at is the federal reserve trying to ratchet up interest rates. you are looking at the difference between what we see in the two-year

julia: how quickly can you do that?ing to happen quickly because we think when we our volume is going to be suvs, trucks, adnd vans. we have the bronco coming back, and other things as well that will change the allocation of capital, but nothing more to talk about at the moment. for investors looking at the share price at the moment there is a great deal of to onence, they wanted the job of refocusing the business. what is the message to investors that have been patient and are getting more impatient? is we think the message understand and we hear you and we have got it and we are moving with urgency. of incrementaln cost efficiencies and other efficiencies, the $5 billion of reduction in our capital intensity -- there are a few other things will talk about today that will indicate that the business is moving forward. this team is making decisions that the decisive about allocation of capital and also driving for efficiency and fitness. julia: and you will be more ruthless is acquired -- required? bob: absolutely. we ar

julia: how many badges can one own?an volunteer as many police departments as you choose if you have the time? zach: right, but you only need one. if you are law enforcement officer, you have rights that no one else has. if you have one badge, that can be very valuable if you want to carry a gun anywhere. julia: are you continuing to dig around to see what other potential counties you can find now that have high profile names? how did you find this information out? there was an email chain. zach: originally, we found out about mercer and wrote a story about him. since then, this whole department in new mexico turns out to be a clearinghouse for all of these people around the country who want to these perks, from san diego to virginia beach. since then, we have gone there emails and phone numbers. we have been able to identify dozens and dozens of people. we think there were ultimately hundreds and hundreds who got a badge at some point during the 11 years this department was in operation. julia: what is yuma county sayi

i am julia chatterley.s time for our sector spider report. abigail: we are looking at the consumer discretionary etf, and this of course after yesterday's big punch. the worst sector for the s&p 500 yesterday dragged on by amazon and other stocks, but today we uncertainty,up of telling a story for the markets that are once again mixed. however we start the strength of automakers doing very well and we have athletic retailers doing very well. oner armour is up 3.5% positive comments from saying the company has sneaker pricing power and that is helping foot locker and nike. one stock that had been a top is now lower, amazon now down 6/10 of 1% on the open more than 2%, and a lower after president trump attack the company around hurting the u.s. postal service. we see meandering trading pattern after yesterday's 5% decline based on the attacks of president and learning what that means. some are wondering why president trump is attacking amazon based on the stock weighing on various indices. he likes to talk ab

julia: thank you so much for that.lett, the morgan stanley had of portfolio strategies -- head of portfolio strategies. is standing by with a key policymaker. we are at the world bank imf spring meeting. we have been speaking with people from all over the world. we have the central banks governor of south africa. thank you for joining us. yes indeed. is the question that people ask you about only on this renewed south africa? are you at the turning point for what it means for the central bank? >> there are big questions about what is being talked about, the world economy outlook, and the issues that are coming up, the economic growth has been sustained? it is much more broad-based than we have seen. beingre the risks identified and what do they include? could there be a recovery in the economy? there are issues about the amount of debt that has piled up at the highest levels since world war ii. overall recovery of the economy is underway. francine: this is world growth. the growth is stronger than we think. what happen

i am julia.weisenthal and if you are tuning in live on twitter, we want to welcome you to our closing bell coverage. quest was getting with our market minutes. the incredible swing that we are seeing once again between the highs and the lows of the day, taking all three major averages up by at least 1% and while the nasdaq has led due to the downside in recent days, it was lagging today. today, the the case dow was the leader on the session with stocks like boeing, united health care, johnson & johnson helping lead the gains there. this was in terms of the best-performing groups. energy with the leading groups today. saw all 11 groups in the s&p 500 fall yesterday, all 11 groups rose today. nonetheless, still, something of a comeback in today's session area in terms of the individual stocks, we have been talking a lot about amazon today. obviously a big swing in those amazon chairs as well. a session,t during the stock fell by as much as 1.2% and then recovered. the rhetoric from the white house

. ♪ julia: life, i'm julia chatterley.rade 30 minutes from the in the u.s. , it is all about energy stocks higher. joe: the question is what you miss? scarlet: the meeting heard round the world prayer president trump's of his own are being worked out. meanwhile, relations between u.s. and russia, the chief economist says cold war to may have broken out. energy stocks higher. joe: the question is what you miss? and, shock waves are being sent through the states. consumers and traders plug the hole in the global supply train -- supply chain. rising tensions between the u.s. and russia in the russian role in the con id. at 20 extend u.s. elections. after the threat of more sanctions, the trump administration says there are no immediate plans to impose sanctions. is trump coddling moscow? duringelsen spent years his tenure at the ims world bank. great to speak with you and thank you for joining us. two has brokenr out. world one, we understood, not perfectly, but there was a process on both sides. this time around, it is up to

julia: great scoop, mark.l discuss chinese trade tensions and what could happen next. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. taylor: from bloomberg world headquarters in new york, this is bloomberg world markets. julia: as we head to the later end of the u.s. session this afternoon, the s&p 500 is losing just shy of 3%. epicenter,f at the the losses that we have seen in the tech sector in particular, you can see that displayed in the nasdaq there. every sector is under pressure here. financials taking a hit as well, very much tied to what we are seeing in the rates market, tending to display more risk o

this is bloomberg. ♪ julia: this is bloomberg markets. i'm julia chatterley.carlet: and i'm scarlet fu. amazon reports earnings after the bill today. expecting tohat go .eet growth any kind of commentary on president trump's attacks on the company. joining us is spencer silver. when i look at the numbers we are anticipating first-quarter net sales of almost $50 billion. that's a 42% increase mainly thanks to the acquisition of whole foods. read intot a cleaner how whole foods is infiltrating the rest of amazon's business? gets a little murky. they have a new category that they call physical stores which is predominantly whole foods. it is pretty much a line item for the whole food sales in those stores. what we don't get great visibility into is whole foods helping them juice their online sales of growth. put in the broader online sales category which gets very murky very quickly. julia: what do we expect them to talk about when they discuss the cloud? lumpy.tions are pretty 44 percent rise in this quarter earnings in terms of the revenue gains. talk us throug

julia: seems so.mention a note here on broadcom, crossing the terminal, the company has indeed onmpleted its re-domicilati --is that how you say that? from delaware to singapore. ins was something that was the works as it tried to acquire qualcomm and they said that even though the acquisition was rejected by the u.s. government, they were going to go ahead and do it and they have now completed the process. julie: all dressed up, no party to go to. joe: coming up, what you need to know for tomorrow. this is bloomberg. ♪ julia: "what'd you miss?" a base wing and the u.s. equity markets. all three major averages ending the day higher. don't miss this, the number three trade balance coming out at 8:30 a.m. eastern. in -- jobless claims are due. julie: and don't miss emily chang talking to sheryl sandberg , tomorrow at 3 p.m. eastern. julie: have a grea mark c.: i'm mark crumpton, and you are watching "bloomberg technology." . here is a check of "first word news." the president is working with governors f

julia: let's get some broader perspective.ck deeper losses suffered earlier on in the morning session. higher by 1/10 of 1% right now. the focus is on the united states and china amid threats of an additional tariff. we have the chief u.s. economist for morgan stanley. ellen, great to have you. we have watched investors scratch their heads as to what is going on with united states and china. what is the same to you? -- saying to you? ellen: clients want to know the uncertainty, that's the prospect -- what the prospect of trade protectionism poses. they should be counting this as a downside risk that counteracts the upside detailed and we are getting from fiscal policy. it is difficult to qualify the economic impact at this it is very easy to quantify if they follow through what that but there aregdp, even that can impact the economic outlook, even if they don't follow through. volatility,arket even if you don't have any skin in the game, say you are an average american that doesn't have stocks and bonds, you are looking at mar

julia: i have two questions.t began as crypto and evolved into blockchain. what is the portion of money invested into crypto versus blockchain? question.portant crypto market cap is around $330 billion-ish, changes day-to-day. the big moneybout raised for infrastructure, we are talking about $3 million to $400 million. pantera is coming out to raise about $175 million. we think it will end up being billions and ultimately trillions of dollars of transactions over security tokens. -- questions. to have you seen interest fall off this year versus the end of last year, and also, for people who want direct exposure to bitcoin, what is the safest way for them to have exposure? >> two important points. one, to own crypto, you should own crypto. whichare direct methods, trades at a premium. that is hard for some people to understand why they would pay a premium, but it has been a consistent premium. they have been able to capture a lot of the gains of bitcoin overtime. i think they are coming up with one for ethereum so

julia: borak kocoglu disagrees. he loves his bar. he's convinced istanbul will lose much of its cosmopolitan flair if authorities keep making life hard for bar-owners like himself. vuslat ozdemirhan and his friends also don't want the government telling them what to drink. and to that, they'll raise a glass of their own home-brew. peter: on a very different note, we go now to spain where the shocking truth is only now coming to light. the truth about the spanish babies, as many as 300,000, who were, it is believed, stolen from their biological parents and sold to other couples. the system began during the franco years and went on until way after the death of the spanish dictator. the church, clinics, lawyers, were all apparently involved. and for many of those torn away from their families, the legacy has been devastating. reporter: remembering her childhood makes mercedes sad. her parents lied to her all her life. only on his deathbed 10 years ago did her father admit to her what she had long suspected, he and his wife were not her

let's start broadly, julia bascom, on the issue of autism in the u.s. first of all, defined for us what autism is. guest: the first important thing is that it is not a disease, it is a disability. what that means is from the time an autistic person is born, their brain processes information differently. to worktend differently, we tend to communicate differently and have different social strengths and different social skills. impairments just from day to day adaptive living and so on and so forth. you might have trouble with executive functioning were living independently, things like that. an analysis of when the problem of autism was first defined in the u.s. or sort of discovered that this was a real problem. publishhe first public articles on this cannot an a 1940's, by leo o'connor, credit the road in baltimore. at the time, it was considered to be extremely rare condition, maybe one in 50,000 children. but with the spectrum, we have seen a wide range of this in children. it is much more common, and recent estimates out of the cdc are about one and

stay with us from new york. ♪ julia: life from bloomberg world headquarters in new york, i am julia chatterleye hyman. joe: nam joe weisenthal. julia: more than 8000 port swing from yesterday's close in the dow. joe: the question is, what you miss? white house officials say tough talk will not lead to a trade war. hedgee playbook for funds, white raising short-term rates to benefit large cast positions. an elephant charts in need of a tuneup. why they go to model for global income distribution may paint and inaccurate economic picture. ♪ julie:

good to see you. >> thanks, julie. >> julia: jon? >> jon: now a fox news alert on that horrific van attack in toronto. the 25-year-old suspect appearing in court this morning. now charged with ten counts of murder. he's accused of driving a van on a crowded sidewalk killing at least ten people. police are still piecing together a motive but have not ruled out terrorism. justin trudeau spoke this morning. >> the entire community of toronto has shown strength and determination in the face of this tragedy. as i was indicated by our public security minister at this time, we have no reason to suspect that there is any national security element to this attack, but obviously the investigations continue. >> jon: rick leventhal has the latest from toronto. >> the suspect, minassian, spent five minutes in court. the 25-year-old wearing a white jumper suit and handcuffs. he faces ten counts of first degree murder and 13 counts of attempted murder for his mile-long rampage in a white ryder rental van that happened here, john. started at that int

i am julie hyman. >> i am julia chatterley. trump and president macron wrapping up a joint news conference moments ago. president macron said he wanted -- even if the united states withdraws the 2016 accord. we are joined now by kevin cirrilli. great to have you with us. the president always has said that this was not the perfect deal, but the us that they could do. do you think that he is been backed into the corner to agree to something different because i he was fearful the president could walk away? interesting was an point in their interactions where president trump says that nobody knows, with the exception of president macron, what exactly president trump will decide on may 12. nobody had a chance to ask president macron what he thinks president trump will do. the whole basis of the iran nuclear deal was that on the basis of denuclearization, sanctions would be lifted. clearly, the business interest and the financial dealings and regulatory structure while still very rigid, is opening as a result of the iran nuclear deal

julia: let's get to the first word news.tates has proof is expected at chemical attack in syria did occur last weekend. as far as possible u.s. responses concerned, you don't press decisions like this, she said. president has not made a decision about possible actions in syria, which should the united states and our allies decide to act, it will be in dis sent on a principle of which we all agree. the russian foreign minister the alleged attack was fabricated. president said he is urging the united states and russia to remain calm over that suspected chemical attack in syria. he spoke to leaders of both countries in separate ahlls. -- separate halls. he called for peace. poundingns have been the pavement. candidates have been using social media to reach potential voters in iraq. 12 marks iraq's fourth parliamentary elections since the 2003 invasion that removed saddam hussein from power. sally yates says president trump will lose all authority to lead the nation if he refuses to be interviewed by special counsel robert muell

>> what will julia do today? will she be able to put the lessons to use when our ice cream man shows up. >> i'm very curious to see if she can apply it to the real world. >> her dad is worried even though she's had so much training, in the end peer pressure will be the deciding factor. >> my prediction is she'll go with the group. >> my name is julia. i'm 8 years old. >> she's working side by side with two other girls she's never met before. >> hi. my name is breanna, i'm 7 years old. >> my name is allison. i'm 9 years old. >> what about the other girls? allison's mom has taught her daughter to trust her instincts. >> we tell her that little voice telling you something is wrong, you need to listen to it. >> brianna's mom is worried she'll be too trusting and easily swayed. >> i hope not enough to do something that normally would be out of the norm. >> it's a very dangerous situation to get in. >> ice cream truck! >> the girls are excited as our actor approaches them. >> what are you guys doing? >> painting. >> pa

. >> let's bring in julia and chad. we'll start with you, sean. >> the president according to officials was very bothered by the images he saw in the aftermath of this suspected chemical attack. and they really, really deeply bothered him in a personal way. what we also know is that as the president is weighing his options. he's looking at what his attorney is doing, michael cohen. and the reaction to james comey's book. so he's juggling both this tumultuous personal turmoil that he's looking at from afar and trying to react to. but he's also looking at this very situation situation. and the third thing that the president is offering up is if there's a clear strategy of what to do among syrian officials. there's a sense that even the president said, police accompli accomplished -- mission accomplished. it is not clear what the next steps will be. >> and let me play for you what the u.n. ambassador nikki haley said yesterday during a meeting. take a listen. >> we talked about the victims in douma. we talked about the pat

host: julia bascom, onto an effort you were involved in with sesame street.you wrote a book, "family forever," related to the introduction of the sesame street character julia who is a child with autism. what led to the book and what has been its impact? and overall, the impact of the character. i am sorry to say it has been a while since i have watched. guest: "sesame street" has always done pioneering work in children's programming. this initiative is called see amazing and is about helping people understand autistic kids, and increasing inclusion. we were thrilled to be involved. the character julia -- who has no relation to me -- is the typical autistic kid who has friends on sesame street and engages in a wide variety of ways. what is so powerful about her episode is you can see her being supported and included as any other kid on "sesame street." host: how do you take that character, a very special character, and go to the script writers? they have to have some knowledge of the range of this character, and what this character can and cannot do in situat

julia, what do you think of mark zuckerberg's testimony?s do a lot to move the ball forward? all eyes are on him. >> it is interesting because we don't see mark zuckerberg give a lot of public interviews. he likes to stay behind the scenes and leave it to facebook's pr team. so it will be interesting to see how he handles the testimony. i think we have seen congress really go after a lot of firms in silicon valley for their conduct during the 2016 election. so it will be interesting to see how he conducts himself, what he reveals. i think we have seen facebook really try to put on a very strict buttoned-up pr defense in the last couple of days. and we'll really have to see if that flies by congress this time. >> yeah, it's going to be very difficult situation to explain yourself out of it. sha sean, what should we expect from congress as soon as these herings wrap up in terms of the investigation? >> we'll see what congress does. when they come back after a two-week recess, they sort of wound down major legislation that they're planning. in

julia: thank you erik schatzker. up, bernie sanders wants to guarantee every american a job that pays $50 an hour. how will that work? that is next. to involved in the conversation, including the . send me a tweet and let me know what you want to ask our upcoming guest. this is bloomberg. ♪ julia: is time to look at the biggest is the stories right now. the treasury board directed $488 of this year and 47 million more than purposely estimated. the department increases its cache buffer and pepper spray widening budget deficit. the congressional budget office projects tax and spending measures approved by president trump and congress to push the budget deficit to $1 trillion by 2020. china's hna is dropping index to acquire capital and both sides the grid would take too long and the partnership agreement could be in the works. star which it will return this garbage as a partner, and they are rolling out botox for men and a tv commercial. training thousands of professionals, is accompanied competition.ing they top analy

julia, she is a busy she doesn't know where little taunt is for days on end.ever gets tom, he doesn't eat and its ben who realizes and he'll take tom downtown to a diner for peace p7 mincemeat pa cup of coffee and in "look homeward, angel" thomas wolfe writes about ben. ben is bitter with his family. he tells tom that the wolfe's never gave any of the children any opportunities in life, and he tells tom that your parents will tell you that they have no money, but ben reassures tom and said look, they have plenty. he said if they're willing to give you an education, don't worry, that the rest of us never got a chance. he said tom, get as much out of these thrifty people as you possibly can. teacher education and get away from this house as quickly as possible. in october of 1918, we see that thomas wolfe has succeeded in getting away from this house and this tumultuous family. he's at college, thriving at chapel hill, writing for the student magazine, join fraternities and he gets a telegram to come home. ben has pneumonia. he has no idea that is about to come

julia: and i am julia chatterley.berg markets". ♪ scarlet: where life at bloomberg headquarters over the next hour and you're the top stories we are covering. 500 tearsg, the s&p gains. and trumps twitter target today is opec, crude oil is slipping as the president takes a swipe. surging with talks of ge ready to unrail units. pictures are at the center of it. abigail: you see session lows close to selloff for the nasdaq at 1.3%. as scarlet mentioned, down for a second day in a row. at the consumer index also lower. as scarlet mentioned, the big theme is technology. the stock is down 4%, so example find the degree of the tech selloff. look at the s&p 500 for the week, we see some volatility here. wednesday was the session high for the s&p 500 -- up more than 1.4%. 4/10 of 1%, by paring those gains. and behind that is the tech sector, we looking at apple, facebook, cisco, and the tech stocks are down sharply, apple for the third day in the role. the worst three day slight question time. analysts weighing in with concer

julia, i have a dramatic for you. this is "the washington post" reporting, let's call this segment -- trump hired the raskins after meeting them for the first time. decision over shadowed that former new york city mayor would join the team and take the lead in negotiating with mueller. they have tried and defended clients in criminal cases and hardball negotiation with prosecutors, skills trump would need. and trying to use attorney/client protections if keeping investigators skou we aring -- who spoke on the condition of anonymity to discuss confidential discussions. i love modern day disclaimers in 2018. julia, what do you make of that? these will two attorneys, husband and wife. met them at march ra maro lago t matured. >> they haven't got enough attention and dark horse liars indicative of the president's broader legal strategy. he brought on giulani someone who understands and what co men may be able to say about hissen client, the president. and bringing on the husband and wife team that are notorious able to ge

julia: two questions. content givenhe to facebook and outsiders, and how well protected your data is. do consumers care about how their data gets used beyond the outrage? and now that we are seeing action in europe trying to protect consumers better does that spell over? saw, i am not sure if even mr. zuckerberg can give a clear answer as to how far the tentacles of that data sharing has gone. it is a thorny problem to wrestle with. to the question of whether or not consumers care, human nature tends to be complacent until something bites you in the backside. this has been the case with data privacy. i do think it is possibly one of those areas where governments have a reason to come in and protect the interests of consumers. i think that is a positive step. julia: does that spell over to the states? >> i don't know whether they have tried to measure it. sete is such a cross-border of communications going on, it is even written into the general data protections that it has to apply wherever the processing

christine hartwell/mother of julia hartwell: "i think it's ridiculous.ldren who are four years old speak from their heart so they should be able to call kids anything loving me or my best friend you're my best pal."the georgetown preschool offered this explanation to julia's parents, saying "the term best friend can lead other children to feel excluded and it can ultimately lead to the formation of cliques and outsiders," encouraging their students to have a wider group of friends. dr. gregory young/pediatric psychologist: "although i think that words are really important and the term 'best' does have an implied meaning to it, i don't know if the right answer is necessarily denying children the ability to use that term." christine hartwell/mother of julia hartwell: "even now she goes to say it in a loving way -- 'i'm going to go see my best friend charlie' or this one or that one -- and she looks at me sideways and she's saying it and she's checking in with me to see if that language is ok." (justine) that was gary brode reporting. so far christine hartw

good morning to you, julia. >> reporter: good morning, carl.ell leaves wpp after alleged misconduct the company is not revealing details of the investigation and sorrell rejected the allegation. he said in a memo to staff, quote, it's putting too much unnecessary pressure on the business, saying it's in the best interest of shareholders for him to step aside. 73-year-old's resignation is being treated as a retirement, qualifying him for 19 million in pounds over the next five years and brings to end sorrell's 33-year history in which he overturned a company which made shopping baskets through a series of massive acquisitions, including j. walter tohompson an mather he was known for his massive pay packages, 70 million sterling in 2015 that drew backlash from shareholders but worth noting that he has relatively low ownership of the company, only about 1.5% as the company continues its ceo search, it has, in the meantime, promoted its chairman to executive chairman and has named two co-coos. this comes as wpp shares have lost about 35% over the p

he sent for a year and a julia wolf gave thomas the money at age 19. he boarded the train and went northalone for the first time in his life . >> this is the second story of the old kentucky home and you'll find there are multiple bedrooms here. it certainly added through sleeping porches in the house in 1916. and she pushed the house out towards the side and towards the back to add multiple bedrooms. >> thomas wolfe wrote about a dark group upstairs at the front of this house with an ugly victorian bay window in it. >>. >> this is the room where thomas wolfe favorite brother ben died in october 1918. thomas wolfe had a special bond with his brother ben. ben was the one who effectively raised him he was eight years older. he would come in the morning and dress home for school , protection from belize and he's so busy here, she doesn't know where, is for days on end and when she forgets, he doesn't eat and it's been who realizes and he will take, downtown to a diner, throw a piece of mincemeat pie and a cup of coffee and in look toward angel, thomas wol