kathleen: what about the outlook for this year, for 2020, 2021?hat you couldng see a shift on the inflation forecast. near-term, maybe some minor cuts to the gdp forecast? kazuo: i think so. -- major story of the year some weakness in the near-term outlook. as well.he gdp front the boj is not going to change much about their policy. kathleen: when it comes to inflation, it seems like it is impossible for them to change the narrative, even though the key inflation gauge is barely at the 1% mark. the target is 2%. it seems like governor kuroda cannot acknowledge the difficulty of having to lean into any big changes in their strategy until something happens, but where? , decisions, actually have been made the last several years and there is a view by many economists that it may not be realistic in the first place. the boj also is interested in the view that it is more daunting than previously thought. supporting pressure and mitigating any possible side effects they are taking. kathleen: will it take the federal reserve backing away from its 2% targe

kathleen: thank you for joining us.president xi works those into his speech around 9:30 this morning here in china. daniel sander's vice president for the -- danny alexander is the vice president and corporate -- we will report on it as we need to. shery: thank you. we will be looking forward to that. we have breaking news. we are not hearing that elon musk and the ftc are asking for more time to resolve their fight over elon musk's tweets. we know they have been trying to come to an agreement after the sec accused him of violating a previous settlement in october about one tweet that he made about his plans to take tesla private. earlier this month, a judge told tesla to come to a resolution to the latest dispute. that kept being delayed. the deadline was a paprika. now -- was april 25. now they're asking for more time. this comes on the back of tesla's earnings, that disappointed investors. trading continues in asia. let's see some of the early movers. sophie: i want to highlight 2.4%,, which dropped easing declines a

kathleen, how do we put it? there is a sense that officials around the world have rethought their economies and what is the key takeaway? where do they see these economies going next? kathleen: i think they figure the risk is they get weaker and the hope is they won't because there will be resolution of big risks the imf has been talking about all week. i loved when christine lagarde said today, a year ago, we were talking about synchronized growth and now, we are talking about a synchronized slowdown. of course, you can look at the slowdown in europe and the risk it poses. ,hristine lagarde had hers trade tensions between the u.s. and china. you've got a buildup of debt, corporate and public debt and of course, the fallout from brexit. she said the extension granted by the eu to theresa may has averted -- she didn't say catastrophe, but something that could have been bad for the u.k. and the eu is not the world. on a brighter note, governor kuroda at the boj talking to reporters said the global economy is slowi

kathleen: the clock is ticking.f the things putting pressure on theresa may, who can't get enough members of her own party, so she has had to turn to jeremy corbyn. a bit of a surprise. she had a cabinet meeting in the morning that went for about seven hours, and came out with a very tersely worded but effective announcement -- >> i am taking action to break the logjam. i am offering to sit down with the leader of the opposition, and to try to agree on a plan that we would both stick to, to ensure that we leave the european union, and that we do so with a deal. kathleen: in the long cabinet meeting, when less than half of her cabinet ministers were on board with going for a softer brexit, with a customs union, she still moved more to that side away from the hardlineeers, realizing they need more time to avoid a hard brexit. let's look at the cross party plan for how they will move ahead. negotiations with jeremy corbyn, the head of the labour party, to make sure britain leaves the e.u. with a deal. that would then b

kathleen hays is in beijing with a recap. flex --anage to kathleen: we will see. it seemed to be his intention to address all the criticism and concerns that to many countries have taken on the burden of financing from china for roads or bridges and fallen into debt traps, which all of the chinese particularly want to dispel that notion. the kinds of things he talked about will help to prevent that in the future. our news team is watching and hearing the same things i did. pointing out his keynote speech that was muted on the belt and road initiative. here, outlining steps to clean up the belt and road initiative. there have been too many shady deals and officials and countries like ecuador taking bribes that they should not have. let's look at other issues that were in the joint statement issued to participants on saturday. it called for high-quality projects. do not invest in something that will not be sustainable, where the country cannot pay it back. urge countries to invest in connectivity. again, pledging over and over, cooperation will be clean, open and gr

to blindness. >> is a friendly, safe space to learn, and to make mistakes and to keep growing. >> kathleens trained and employed about 100 developmentally challenged adults. they work at eta cafi agreed -- in the nonprofit catering business they started, 15 -- $15 and $65 -- $15 and 65 cents an hour. he gains a paycheck and more. >> house about for you? >>to me to believe in yourself. >>and employees have created a work environment where they feel like they belong. >> is part of the reason why anna ruben from new york, to the bay area comes to work here. >> i love how kind and genuine and respectful, all of my coworkers are. >> charlene says kathleen's gift is bringing out the best in people like her daughter. >>is such a wonder she's such a wonderful person, she values people and she sees abilities where other people don't see them. so for employing and empowering adults with disabilities this week's jefferson award and the bay area goes to kathleen foley hughes. >> the cooking and baking are doing -- are done at a rented kitchen, long-term she would like to purchase its own commercial ki

kathleen: a number of different things. think everyone agrees that broadly, the global economy is slowing and broadly, the biggest risks are the u.s.-china trade war and the risk of a no deal brexit, but everybody knows -- the stories have been different for every country, and when i the new chief of the central bank about his concerns about growth and inflation, he was pretty sanguine on the onnomy, pretty sanguine borrowing a lot from china and japan from some of their important infrastructure spending. he also seems that despite all of that, inflation is low enough that maybe the bsc could consider cutting their rates at the may meeting. let's listen to what he said in an exclusive bloomberg television interview. is the agenda, we increase interest rates by 1.75% , 175 basis points last year. now the operation is normalized. i think there is room for some relaxation. >> i also spoke to the head of the imf regional division for asia and talk a lot about china and the impact of the china slowdown on the rest of asia. numbe

kathleen hays there in tokyo. pakistan with imran new financeing a ministers -- finance minister. this would be the 13th support program since the 1980's. bloomberg spoke with the ceo, one of the beginning investment firms about the potential package. >> it is important for the economy because we have a huge current account deficit. we can't go alone without that. this will be the last commitment given by the current government. they are taking measures which will i think continue to make it happen. we are taking the structure reforms and changing the economy from consumption led economy, growth models to export and -- definitely because of this, exports will improve, good ability will come down. so this can bring the package -- it will be the largest one. reporter: what are the current sitting points as the team gets ready to go to pakistan, said the i's,. the -- to dot cross the t's? >> the mission is already done. they will go to pakistan in the end of this month, and they will have meetings with the finance mi

gift brings out the best in people, like her daughter connie. >> kathleen is a wonderful person. she values people and she sees abilities when other people don't see that. >> congratulations. >> reporter: so employee in an empowering adults with disabilities. this week'sfoley hughes. >> they work in a rented kitchen in mountain viewha t ki. >>> you capart-- nominate your hero for a jefferson award by going to kpix.com/hero . we will be right back. >>> today's tip of the day will be blood oranges. when you cut the oranges in half, they have a red tends to them. not a full red tends like the blood orange. it is a combination between the navel orange in the blood orange. there are no seeds. when you buy them, they are so beautiful, just make sure they have a beautiful color all the way around. like all citrus, never store them in the refrigerator, store them on the ke a great juice. it looks good and tastes wonderful. we all know that navel oranges are super food and great for us. when they look like this and smell like this, you can't beat them. i am tony tantillo, remember to eat

kathleen: that's what really struck me.i jinping used this as an opportunity to spell out all the ifngs donald trump is -- their team is listening, they say it sure sounds good. he is checking off a lot of the things on the list. when he wasesting talking about international macro economic coordination to strengthen the global economy and he specifically talked about the currency and how there would they devalue the renminbi, want a stable balanced currency and that is how china will contribute to global growth. it smacks of we are a global leader now too, we have to do this. the whole point about binding mechanisms now. onnow they are negotiating this, but it sounds as the president xi says we embrace that and know how important it is for all sides. finally, getting rid of unnecessary regulations, subsidies, treat all businesses he only. we know this has been a big complaint for many companies. not just from the u.s., but companies around the world doing is missing china. my favorite thing on the belt and road was when he

you finish the story, kathleen.st: what happened was i was working for an investment management firm called rock creek, as you can imagine, headquartered in washington, d.c. i was at a conference and i heard randi weingarten give this incredibly impassioned speech. i said -- my gosh, i had been lieutenant governor, working in investments, and i didn't know the statistics. i was shocked. i was public policy, i was investments, and i didn't know how bad the situation with retirement security was. if i didn't know that, though they might be worried about retirement, they don't know the old picture. i thought i would love to work on solving this problem. that's how it started. i called her up in said i would really love to work with you. luckily we are now at the economic policy institute and rock creek is still very much involved in helping out and, i have to give them credit, from the new school, along with tony james, a lot of people had said that this was a certain -- a huge issue and we have got to solve this issue

the takeaways from rob krasner and kathleen hays. rob, we will start with you in terms of where we are at with this creeping ever closer to a trade deal. what did mnuchin say and what is the take away? >> one of the interesting things stephen mnuchin said was the u.s. was willing to be subject to enforcement by china once it strikes a trade deal, just as the u.s. has insisted china would be subject to enforcement of the u.s. as well. that seemed more of a way or the highway one-way street that i think some been the trump administration might want. it is unclear when the next round of physical talks will be between the u.s. and china, but this did not sound optimistic. one question would be is if mnuchin is overruled by trump or other members of the administration, saying that just won't fly. haidi: kathleen, you were at the inf spring meetings. what do policymakers have to say about the state of trade and the global economy? sec. tillerson: they are worried -- kathleen: they are worried. the inf is cutting its global growth forecast

sophie: kathleen hays, thank you.esident trump for concessions from japan as he tries to a -- wrap up a new trade agreement. this is bloomberg. ♪ allen in sydney. sophie: i am sophie kamaruddin in hong kong. president trump has his eye on farm tariffs amid trade negotiations with china. he asked for japan to end products, u.s. farm saying they are unfair. he will go there in late may. let's begin with ros krasny. it is interesting. it is difficult to see much happening on agricultural tariffs with japan, certainly before elections in july. apparently prime minister abe suggested today over the weekend in interviews that nothing for july. to some extent or a large extent this is an upshot of president donald trump pulling the u.s. out of the tpp trade pact as one of his first acts. that gave u.s. farmers disadvantage when trading with japan compared to europe and others. we can hear more about this probably when president trump goes to japan in late may. he is explained that he is expected to go after the new emperor t

kathleen is here.hleen, the imf is hoping for the best but still warning us of the worst. >> absolutely. downside risks are growing. this is the third time that they have cut their forecast in about four months, the second time i am saying this, the fourth time in nine months. they started off more optimistic and keep getting less optimistic. a key statement they made when they were putting out the report earlier today in washington at the annual spring meeting of the international monetary fund and world bank. waiting global growth and limited policy space to come downturns. in other words, central banks do not have a lot of ammunition. it could harm economic activity. it needs to be the main priority. now, if all goes well, they do see a bit of recovery in the second half of 2019. the federal reserve decided to pause on its interest rate hikes. that is a plus. china has fiscal stimulus to get out of the slowdown that they are suffering in part due to the trade war, but they still see the risk to the

. >>> now let's bring in renaissance capital kathleen smith as well as david chau who invests in bothand uber. good morning to both of you, kathleen, ipos are risky and if this $100 billion valuation sticks for uber it's going to be tough for a bigger company to swallow. if you're thinking about investing in uber, what do you have to believe about this company for that to be the right bet for you? >> well, i think first of all, this is going to be the largest u.s. ipo in history, one of the largest on a scale of the facebook ipo, so the important thing is the market's going to have to absorb a very big deal and history shows that big deals may be hard to absorb in the market. facebook's deal is a good example, and on top of that, investors have a particularly hard time with a company that is not earning money and has the scale of losses that uber does. so investors are going to look at uber and say, wow, it's like lyft on steroids. it's got five times the revenue, but it's got three times, two times the operating losses. now, also, uber is decelerating in its growth. so i think that t

asked the question to kathleen hays earlier. i am not sure you heard it. what are the bond markets watching? do you think the bond markets are watching the wrong metric? are they too focused are -- on inflation? would behings that encouraging, so yields would not be this low, is what i am trying to get to here? i think there is a flaw, and this is a topic that begins to be a main topic of discussion in the background in key central banks around the world, so, for example, jay paul said they were reassessing their policies, so maybe we are heading towards inflation targeting in the u.s. because we do not have that confirmation yet, investors still worry about the asymmetric risk. in other words, you usually react to the cyclical risk, and when you start it too late, so i think bond markets are pricing in the yields. our guess is that this is quite different from the previous one, and there is a real chance of something genuine, genuine innovation, and if that is the case, then we can have a basis for a proper recovery, and it could steepen the yield curve f

earlier i wasjoined by the president of the earth day network, kathleen rogers.tion in india this year. we are actually focused on plastics in particular is one of our other major campaigns and the ganges u nfortu nately major campaigns and the ganges unfortunately is one of those very important rivers, it is a holy river, that is also terribly polluted, and so it is one of the top ten rivers in terms of responsibility for plastics in the ocean. and so we have begun our countdown to our 50th anniversary of earth day and we are starting in the northern himalayas and cleaning up the ganges all the way down to this under buns in honour of the 50th anniversary next year tomorrow. and that figure ofi anniversary next year tomorrow. and that figure of i billion anniversary next year tomorrow. and that figure ofi billion people being involved in some way seems a remarkably high figure. what are people doing? -- sundarbans. it is a combination of school children learning about the earth on earth day. we are being educated through television, radio, buta day. we are being

kathleen: big geopolitical risks.t is more politics and economics that are weighing down on the global economy and darkening the imf outlook for growth. let's jump into the bloomberg library and look at the chart of the world growth is. outcast, they see it coming down from last year and this latest number to 3.3%. then rising to about 3.6% next year. that is the good news. you can see it is not just the more advanced or developed nations that have had the forecast looking dimmer. it is also be emerging markets, although they are expected to outperform in 2020. here is a quote, a key phrase from the imf said. the waning global growth momentum and limited policy basing, central banks cannot cut rates. avoiding policy missteps can harm economic activity need to be the main priority. as i mentioned, there is growth recovery in the second half. they think the fed pausing on the interest rate hiking's, better data out of china. that is where the near term often with agency rescued to the downside because of the risk of a h

kathleen: let's start with the boj. what governor kuroda says at the press conference. can a single -- signal any kind of move because they need the 2% target? inflation isn't there and they have downward pressure? kuroda doeshink mr. believe in a short-term [indiscernible] it takes a little more time, but also they will keep the inflation target. [indiscernible] also the last two years was some kind of official from outside. moveey are going to tightening, the ecb will fall away to that. [indiscernible] changed, so now they have stopping operations in some market people say they will -- letter half of this year they will have some opportunity of lowering. you have to totally abandoned such normalizing policy issues. the boj, -- mainly from the united states. kathleen: i wanted to ask you about the u.s.-china trade war because the economy has been doing well. it looks like inflation might be entering -- gathering slightly higher wages. be -- would the economy be better or closer to its target if it were not suffering fr

haysarkets editor kathleen is here. wants the fed to but this time, he weighed in on the inflation debate as well. saying hewell, and wants quantitative easing, the fed had a key rate of 0. wasas telling reporters he ready to get out and see the wall, this was friday after the jobs report and asked about the fed, he didn't surprise people. he was pretty definite that he is convinced the economy needs more stimulus, and they have got to act. trump: the fed, i think they really slowed us down. there is no inflation. i would say in terms of quantitative tightening, it should now be quantitative easing. kathleen: but then later, speaking to bloomberg television, larry kudlow, an economist himself, the white house chief economic adviser, said a little more gently yes, fed, we need to do more. let's listen to what larry said. looking at the yield curve and other market-based measures, i think them on their time -- the fed is independent, i want to emphasize that -- the president has said, and i concur, but i think we could do

kathleen: mario draghi. he is head of the european and i am sure -- it is so different from what trump is doing but mario draghi, it does not happen very often. he pushed back. he said he is worried about central bank independence in quote, the most important jurisdiction in the world. maybe not surprised when someone is pushing against the central bank in turkey as president aragon has, -- president erdogan has. thingsook at one of the mario draghi said when he was speaking to reporters. in so many words, pushing back. he said if the central bank is not independent than people may well think monetary policy decisions follow political advice rather than objective assessment of the economic outlook. what is wrong with that? the last thing markets want to see is a central bank that is doing what an elected official wants. they want independent policy, what is best for inflation and growth, not best forgetting someone reelected. it was not the official topic but it was certainly being discussed a lot over the w

kathleen: certainly a lot better than that. of people think that was fluky, with the government shutdown in cold weather. as you can see, these blue bars, that's payrolls gains, we have had that 310,000 gain in february, only 20,000 in february. march is supposed to get back up to 77,000. you would not worry about a number like that in this ballpark. you can see they have finally been moving higher in this tight labor market. in terms of forecast for tomorrow, unemployment remaining at 3.8 year-over-year. weighs just 3.4 percent year-over-year. what to look at what i think the fed will be looking at when they get all these numbers and look at charts like we are going to look at one now. the fed chair keeps saying the economy is in a good place because this low unemployment, .ages are rising as rates have come down after staying pretty flat, wages have finally gone up. that 3.4% looking pretty good. is the fed now, the question if the labor market gets tighter, will wages rise even more, and will that boost inflation? down the r

kathleen, run us through the numbers. kathleen: we have l.a.lobal factory rebound. it started hours ago in china. that move above 50 got the bum market selloff started and it continued in the united states when the united states purchasing index for the insurance institute for supply and middleweight came in also on the stronger side. let's look. you'll see we had pretty strong numbers in the u.s. from easily the summer of 2007 from 58 to 60. started to come down into the third quarter of last year but suddenly after up and down, back 54.2ain to about 55.3 from after a two-point drop in february so that's giving some hope about what's happening in manufacturing in the u.s. despite the trade war. retail sells not so hot. one of the big factors, snow, cold wirblets weather, supermarkets, grocery store sales were down. building materials were down. rethales were supposed to be slightly higher last month and they were actually a little lower. haidi: more bad news out of europe in particular. the supposed manufacturing powerhouse of germany continue

kathleen hays in washington. retailing group cut its outlook for the first time in three years. dark thousand head for the japanese retail sector. that is later this hour. haidi: investors looking at the start of the earnings season. we will discuss the outlook. this is bloomberg. ♪ ♪ asia".this is "daybreak i am shery ahn. haidi: i am haidi stroud-watts. looking ahead to earnings season. let's dig in now with this equity reporter. it will be a nice change, looking at company fundamentals, as we seem to have had broader macro catalysts die down. with only see that earnings season which is still to come, which will be interesting. haidi: looking at u.s. equities, at the end of this cycle, it keeps pushing higher. looking at the chart in our library, it is interesting because even though we have seen overnight, it was 20% less, not a lot of turmoil. does that assume a lot of investors are still thinking this year will be the same repeat of goldilocks? >> we do have goldilocks. interest lit rates are low and will pu

next, kathleen hicks who serves as the senior vice president henry a. kissinger chair and director of the international security program at the center for strategic and international studies in washington. prior to joining in 2014, she had a long career at the department of defense service as principal deputy under secretary of defense for policy and deputy undersecretary for strategy, plans, and forces. last but not least, we have jon wolfsthal, who currently directs the nuclear crisis group, an independent project of global zero. he has had a long career working arms control and nonproliferation issues, including service as senior director for arms control and nonproliferation at the national security council, a senior adviser to vice president biden, and in various positions at the u.s. department of energy. here is how we will proceed. i will ask the panel three or four questions. then we will turn it over to you for questions you may have. why don't we start the questioning with elaine? you have worked with extended deterrence issues for democrat a

joining us is kathleen brooks, founder & director, minerva analysis kathleen, interesting what's coming quite how extensive they actually are? great analysis on this. they announced foreign reserves were over 28 billion for april however the ft looked back and found nearly half of this was actually from the very complex currency derivatives and swa p complex currency derivatives and swap arrangements that have been really battling ahead since the end of march and actually, if you take that out, it's only about 16 billion that's left. the risk for this is turkey has been attacked by the markets, if you like, its currency coming under a lot of pressure because financial markets, investors, analysts, they don't really like the economic path that the president is taking. the risk is if there is another crisis, another attack on turkey ‘s currency, they won't have enough to prop it up and that's a big risk for a country like turkey that has a huge amount of debt and foreign trade in us dollars. it's in, the crisis isn't there yet, but it doesn't necessarily have the warchest it might need an

selena: kathleen, thank you.having some breaking news from samsung. ,ust out across the terminal the first quarter net income came in at 5.1 trillion won. the estimate was higher at 5.7 0 won.000,000,00 we learned about it because of declining memory chip sales. theomes and was releasing galaxy full after reports of screen failures. we learned that first-quarter consolidated sales with 52.3 9,000,000,000,001 consolidated operating with 6.2 3 trillion won. i want to bring our guest in here right now who joins us from bernstein, senior research analyst mark newman. we knew from the first quarter guidance that thing would be bad. is it worse than expected? mark: i don't think there will be a major surprise on the numbers. i had not seen it. it just literally hit. frankly, i think that, at the moment, with the memory in a sharp downturn, the lcd display prices are at a sharp downturn. emphasis of investors focus is not on today's profitability, it is more on the signs of improvement later in the year. i think that wi

kathleen, at this time would you like to say i few words before we have others join? welcome. >> so these are my children, sarah and john and his sister-in-law and his parents, 95 and 97 really wanted to come but it was a bit much. and his brother couldn't make it either but first i want to thank you all for inviting us. it's an honor to be invited here and to represent cal to receive this award. i get to tell a different spin about his life living with the man is very different than working with the man. so i think if he was here the first thing he would say is thank you. thank you so much. thank the department and thank you for giving him the opportunity and resources to do the work that he wanted to do and that meant so much to him. when he was first thinking about coming to the department the discussions we'd have at home about well, he was at the p.u.c. at the time and what that would be like, etcetera, and the idea centered around the fact the energy division would then be housed in a place where that was the mission of the department. and he wanted it to be ded

all right, so next up, we'll hear from kathleen conlee lacy. the program director for city wide case management forensic program. >> good afternoon, supervisors and thank you for calling this hearing. so my name is kathleen lacy and i'm the director of the city wide case management forensic program. which is under the ucsf program of psychiatry. our target population is individuals with severe mental disorders, most who have co occurrence substance use disorders and who are justice involved. our model is to provide intensive clinical wrap around services by a multi disciplinary team of psychiatrists, nurses, m.s.w. nba left case managers, peer specialists and employment specialists. we typically start working with our clients in custody. most of our referrals come from jail behavioral health services and the probation department. we collaborate with the courts and develop discharge plans and pick up our clients when they're released from jail and take them to their residential program and we follow them continuously for several years providing

kathleen hays is here with the latest.r.b.i.. >> it was not that they did not cut the key rate, that would have shocked the market but as they cut the key rate and let us look at how that looked because it was substantial. since september. replaced patel at the top of the r.b.i. what is opening the door? inflation, which was above the 4% target has come back down. gdp has slowed. there are all kinds of reasons why the r.b.i. should be doing it. what is the problem? people have talked themselves into the idea that the r.b.i. would not only cut its rate but go from a neutral stance to an accommodative stance. what happened? a big selloff in the indian bond market. thisan look back and see move up in yields. 10 basis points as soon as the headline broke that the stance was still neutral. it is interesting. you can see how the rates are being raised to fight inflation. off plateauing here. even as rates have come down, the yields have also come down. going so far, the r.b.i., as to open the door for more rate hikes especially

>> to really believe in yourself. >> reporter: employees say kathleen also created a work environmenthere they feel like they belong. that is part of the reason why and i moved from new york to the bay area to work at eight is cafi. >> i love how kind and genuine and respectful all of my coworkers are. >> reporter: charlene says the gift from kathleen is bringing out the best in people like her daughter connie. >> it is such a wonderful person. she values people and sees abilities when other people don't see them. >> reporter: so for employing and empowering adults with disabilities, the jefferson award in the bay area goes to kathleen folegh.> time for a look at the top stories. >> a man suspected of killing people in san francisco and in oakland is now in custody. the shares department in douglas county nevada confirms the arrest of stefon jefferson. investigators say he was taken into custody last night after a high-speed pursuit. a sergeant was shot during that fo injury considered life-threatening. >>> police now believe that army veteran isaiah peeples was trying to target musli

my colleague, shamari stone, spoke to kathleen link. she says her mother, wendy welsh and her nie were on the phone with 911 trying to get help, but they just couldn't get out of their burning home in time. >> told her to jump out the window. they said the house collapsed on her, and the phone went dead. they were together. they said that they found both of them together with their arms around each other. >> reporter: kathleen link also lived that town home. she not only lt her loved lnes but alsoost everything that she owns. that's the situation for all of the families in these five town homes. there's very little if anythang that be salvaged. some firefighters we hurt, ten firefighters. actually three were taken to the hospital for burns. all have been treated and released at this point. in terms of the cause of this i fireis preliminarily delieved to be accidental. but it started outnd then spread to the homes. back to you. >> veryst sad y. megan mcgrath, live in chesapeake beach. thanyou. >> and developing this morning, democrats fl

kathleen: yes, and revenue growth is what always matters.tting. what has been got about the beenngs releases -- it has company by company as opposed to any kind of judgment on the economy or specific trend. having pepsi and coke good numbers, united technologies, twitter, all different kinds of companies showing they can prove their performance -- operating performance. tom: i want to give 3m some credit to their clarity. , but chinadown 1.1% was down mid-single digits. there is a china effect for american companies. kathleen: that is what the market was worried about during the trade talks last spring. when the chinese numbers improve and people get optimistic, the markets react positively. global trade is a big deal and to not acknowledge that is shortsighted. francine: breaking news, microsoft getting some 4.8% to top $1 trillion in market value. they beat estimates adds did face -- as did facebook, twitter, and snap. back to china, are we finally seeing the stimulus take hold and will we see more, or is that it for the moment? kathleen:

kathleen: absolutely.he treasury secretary, the trade rep in beijing right now starting their talks. i think it will come back to washington may 8. mick mulvaney, acting chief of staff for president trump in california, saying once again, if it doesn't go well, the u.s. could walk away from talks. at some point in any negotiation, we are close to getting something done so we're going to keep going. on the other hand, you have to throw your hands up and say this is never going to get anywhere. you will know one way or other in the next few weeks. this sounds like a lot of trade talk negotiation, because there are indications that both sides are getting closer. financial times reporting today that trump is dropping demands to get a trade deal with china. this makes sense because the main things he wants to get is intellectual property rights protected. no forced joint ventures. all the kinds of things that president xi jinping talked about brother last friday with the bell and road for him. seems a care gett

upry: kathleen setting things very nicely, just like the markets.ing the rba will cut rates not once, but twice. in july, thens again in august, bringing the cash rate to 1%. we are joined now by our guest in sydney. i am wondering, given we have seen -- bottoming out and a recovery in china, the manufacturing gauge in the u.s. rebounding as well, here in australia the labor market is robust, and potentially we will get more people -- more fiscal spending from either side, so is the market overextended when it comes to pricing in what we think with the rba? >> i do not think so. on the regional picture, we have a cautious view. my colleagues, we think that china data is looking a little soft, particularly over the next months. and we are looking for rate cuts in india this week, in korea by the and of the year, in malaysia and the philippines. so the backdrop for australia is soft, so not a good starting point. but that is really compounded and coming at a bad time, over extendede an consumer and a housing market that is turning down. it is not all

. >> kathleen smith joins us right now to talk about the ipo market an at the moment she's co-founder principal at renaissance capital. welcome back. >> thank you. >> if anything, you're concerned about the valuations on some of these ipos, right? >> certainly. i think valuation is very important and investors breathed a sigh of relief to see zoom and afterest trade so well the very disciplined trading that we had with lyft, the largest ipo so far this year. so these two companies tell us thats can be priced right and trade well. >> if anything, pinterest had been conservatively priced i think in light of what happened to lyft, don't >> that's correct. pinterest was price below its 2017 private round and that gavn stors, and although the price came up a little further after ward, it gave investors, i think, a more attractive price entry point for pinterest. >> what have we learned about lyft? >> lyft is trading now at 20% below its ipo price and it's not been a successful ipo and it tells you thatst ins were concerned about how large the losses were about a billion dollars and that it

quest that was our policy editor, kathleen hays in new york. >> that was our policy editor, kathleenays in new york. how did we get here, selena? going from talking about hikes to cuts? lena: the fed has been trying to manage expectations. we are looking at a hike in 2020 and possibly something beyond that as well. talkings have been about the possibility of being on pause for now. i think if you look at the global prospects, they have softened quite significantly. going forward, inflation is not picking up. although everyone is waiting for the numbers to come out, i don't get the sense that we will see a very strong, commencing pickup in which there is inflation. at the, if you look whole macro picture, the system will have feted by then. everybody is probably leaning toward mutual instead of accommodative. there is a lot of pressure on the fed. -- of this talk from the fed about the fed from trump and all of his nominations from the -- for the vacancy alluding to this. >> i have a chart on my terminal. we had that yield curve inversion. at the same time, you have equities continuin

kathleen: it remains to be seen.her own deal voted down and members of parliament not being able to come up with anything they can vote on collectively, she has to move ahead. she holds up with her cabinet ministers for seven hours today, hammering out what they could make -- what they could do next. they even made sure a cabinet ministers had to stay in the room without their cell phones. ton theresa may came out make this important announcement, nothing had been tweeted in advance. here is what she said. break taking action to the logjam. i am offering to sit down with the leader of the opposition and try to agree a plan that we would both stick to to ensure that we leave the european union and that we do so with a deal. basically, it looks like a softer brexit may be staying in the customs union, the part -- the cross party plan involved theresa may and jeremy corbyn coming up with their own plan. if that doesn't work, they will have to go back to the house of commons, let them vote on various measures, and that m

for the suggestion, kathleen. i would tell kathleen and others to go to www.c-span.org /thepresidents to learn more about the book and the survey, that is where you can read through the results. fdr? let's start with that. guest: fdr, like andrew jackson and ronald reagan, is a transformational president. he arrived at a time of great crisis, great testing. he famously said to a friend -- if i fail, i will be the last president of the united states. not an extreme statement at the time. he not only succeeded in the contemporary context, but the sack -- the fact that 60, 70 years later there are people that still feel this bond tells you how profound the change was in the prevailing political consensus. people's attitude in the 20's was to let egg business sort of run government. well that obviously changed with the depression. but nothing's permanent. in 1980, is that ronald reagan, who voted four ,imes for fdr as a young man and who never quite accepted that he was reversing the roosevelt revolution, he just said

chief economist richard who told kathleen hays that trump's trade wars make the boj's job tougher.hat bywere hoping keeping it as low as humanly possible and with the u.s. economy doing well and normalizing interest rates, that the interest rate differential widened and it would be weaker. that was their hump -- hope and hen mr. trump came along and thesed talking about other balances. while u.s. president started talking about these issues, the focus changed. issue, people an tend to look at interest rate differentials. they say japanese rates are remaining low -- 100 to the dollar -- you remember those ,orecasts from some years ago but the trade issue is put on the table and the u.s. is writing a massive deficit, with -- with that the challenges that it should be weaker and not stronger. only since 1995. they don't know this world. those in the foreign exchange market before 1995, like myself included, that period 20 years before 1995, where you are very concerned about the university rate friction. onthat time the dollar kept appreciating even though the whole time the u.s. had

>>tener una alimentaciÓn balanceada es kathleen post Ígneo en venezuela por eso tumbar mangos es unarutas como el mango para saciar el hambre. ♪ >>en este pobladodel estado zulia caminan hasta 3 km para poder conseguir el preciado fruto en portuguesa la realidad es similar la banana paso a ser el alivio en el estÓmago de muchas familias como es el caso de josÉ rodrÍguez que tiene cuatro hijos segÚn datos 94% de lotos esa poblaciÓn estÁ en extrema vulnerabilidad podemos estar en presencia de enfermedades crÓnicas y la poblaciÓn paso de 5:00 a 11:00, 5% afectÓ especÍficamente a niÑos menores de cinco aÑos y a las mujeres embarazadas 80% de los hogares de este paÍs vive en inseguridad alimentaria. >>regresamos ahora a estados unidos donde gobernador en la florida y dijo que estabaal sheriff del condado por el mal manejo de dos situaciones de emergencia. ♪ >>varios policÍas trataron de capturara un supuesto delincuente lo peculiar del caso es que el sospechoso logrÓ zafarse de los oficiales quitarles una pistola y descargarla. >>no fueron uno, este sospechos robo lo mÁs impresionantes qu

kathleen rogers, thank you very much for your time. gun salutes are always fired as a mark of respect to the queen on her birthday — but never on a sunday, so this year they have be delayed by one day. a 62—gun salute will also be performed by the honourable artillery company at the tower of london at 1pm today. let's follow that with some explosive weather. it's just sunny, isn't it? it it is for now but the weather may provide later on this week because there are some changes to come. notjust yet because for the rest of this easter monday the vast majority have warmth and sunshine. a sunny day for most but further south we have started to see the first signs of change. cloud coming in from the south and you can see that from the satellite picture. it is mostly high and wispy clouds whichjust it is mostly high and wispy clouds which just turns the sunshine a bit hazy but there is some saharan dust blowing in high in the atmosphere which could lead to some impressive sunrises and sunsets over the next couple of days. for the weather, s

yvonne: thank you, kathleen hays there. lines,just -- just some wall street journal reporting caesars entertainment will be naming a new ceo. anthony rodeo has been named to replace the seat. we are hearing a little more about mr. rodeo, who serves as ceo of the privately held affinity gaming. more announcements from caesars on monday. close.9:47, .ndrew is here with us next to see you, happy monday. andrew: great to be here. let's start with that tweet from donald trump pressuring the fed. -- we also heard from mario draghi, he was concerned. so irresponsible to say that the index would be 5000-10,000 up. it's like you said, which one? [laughter] where did he get these numbers? fed, he forgets that the capped interest rates massively december, from 2015, interest rates were increased. it goes all the way up, except in december, it slipped down. irresponsibleg is and non-quantitative. thaty have his own views, if i'm telling you the temperature is 10% and you think it is 5%, where do i get that? this is very important. 15 t

kathleen, a more upbeat economy is emerging.na, alike here in big message out of the central banks. what are we hearing from the pboc? kathleen: central banks have their own speak. there is pboc speak as well. when we get, we learn from their from the firstt quarter many of the monetary policy committee that they had decided they can pull back. maybe they won't get rid of all of the stimulus but they don't have to the pedal to the metal as they were. they're trying not to flood the economy with excess. the economy is showing healthy development. growth is brazilian. they also said that they are maintaining countercyclical measures and keeping strategic focus. this is very important. is a phrase that dropped for their last monetary policy statement. now they can still have a stimulus but their strategic focus is to part. on theve to keep one eye deleveraging campaign. to the head of the both team last week, they emphasized that all of the stimulus is the reason that they expect china to stabilize and get a little stronger. this h

kathleen hays is here with the latest. many people that would agree that it is time for the fed two pods. have we seen anyone call for rate cuts aside from the president? there are economists who are worried about the lack of the monetary policy. they are looking at things like leverage corporate debt buildup. for the most part, people are saying a positive for how long, wondering, not many calls from economists for that cut. friday hourson after the jobs report was released, he is getting ready to hop on a helicopter and a plane and go out to look at the wall,y but asked questions about the economy, asked about the fed. he had something rather surprising to say. he wants the fed to buy bonds. let's listen. pres. trump: the fed should drop rates. i think they really slowed us but askeddown. there is no inflation. i would say in terms of quantitative tightening, it should actually now be caught -- quantitative easing. kathleen: stephen moore, the president -- who the president has tapped to be the next fed governor, has cal