david:.thank you for being with us today lanhee chen. great to have you. lanhee: thank you. approach to punishing bad conduct on wall street. why there are not as many rest releases on sanctions and fines. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: balance of power." shery: it is time for the stock of the hour. that is overstock.com. shares are sharply higher, heading for their best david -- best day of the year. abigail: there are two reasons. first we are in the new 13 season. george soros has a 10% stake in overstock.com. the machine, this is the ownership on securities function. the reason i want to show this, soros is now number three. 9.9% stake, right behind morgan stanley. last year late in the year the morgan stanley state was disclosed in shares popped higher. bitcoin is back about $10,000. they have been very early on the bitcoin, crypto train. the ceo said they have an excepting bitcoin as a payment for the e-commerce business. they also have a little bit of an i-banking venture. david: given the problems bitcoin has had, it come way down. shery: 1

do you have confidence -- >> you figure that one out. >> lanhee, not really a linking endorsement of rosenstein. does that matter? >> well, you know, ultimately the president's words speak for themselves. and i think, you know, anybody else who tries to come out to countervail that ultimately is just trying to interpret something. rod rosenstein let's not forget, this is a guy who comes to this job with an extraordinary amount of experience. he was appointed by the president. he's somebody who i think has done his level best to oversee this investigation, given that the attorney general jeff sessions has recused himself. so fundamentally, i think the issue is rod rosenstein is somebody who is trying to do the job the best he can. the president obviously is not happy with the fact that this investigation is still ongoing. so that sets up a very tense situation. only the president really knows what's going through his head, though, george. >> only the president niece what's going through his head, lanhee, you point that out. dave, here's the question, if the president were to decide to

heather, lanhee, thanks. david. david: the investigation into yesterday's tragic shoot something just beginning. a lot of questions remain unanswered. a judge ordering the suspect, 19-year-old nikolas cruz could be held without bond on 17 counts ever premeditated murder. tragically that number may increase. here is a first responder at the scene speaking moments ago about the quick action he took. >> as i continued down this roadway i discovered an individual walking on the sidewalk, that, was wearing the clothing description that had been given over the radio. he looked like a typical high school student and for a quick moment, i thought, could this be the person is this the person who i need to stop? melissa: i mean a lot of warning signs were missed along the way, right? many students describing the suspect as disturbed, others joking in the past about him shooting up the school? take a listen. >> honestly all the people were saying it was going to be him, stuff like that. all the kids joked about that, saying th

. >> all right but lanhee let me ask the same question to you, the president has said look, there was a clear bias against him. does it matter that these political motives were revealed to the fisa court? >> i think certainly the fisa court probably should have known that there were political motivations. now the question is whether that would have impacted the decision to allow for surveillance. and fundamentally the question is, if, in fact, there was some potential wrongdoing between carter page, or george papadopoulos, for that matter, and the russian government, then the fact that that was revealed via a politically motivated dossier probably matters less than the fact that there was some activity that needed to be surveilled. so the question of political motivation perhaps a little bit of a red herring. i do think that there is something here in terms of people's trust in institutions in the united states, trust in law enforcement institutions, certainly. i would hope, though, that the president, and those who urged for the release of the memo, would proceed to shine those quest

and anne gearan and lanhee chen, former policy visoc adviser, st.s gearan, i want to start with you. i want to ask you the same question i asked kristen welker. the reaction from the trump white house was focusing on the collusion issue, not on the interference issue. >> yeah. >> do they not see how that is a bad look? >> i think no. i mean, some -- >> they're ignoring -- >> certainly -- >> they are ignoring a foreign powers interference. >> many people for trump absolutely do understand that. the question is whether trump himself understands that and who is calling the shots. i think you pointed earlier and kristen did, to what appears to be an obvious dynamic here. no collusion is the thing the president is focused on. >> right. >> no collusion is the thing the white house statement is focused on. because it is the thing the president is focused on. and that's as far as it goes. >> the impact of the president not acknowledging was a pretty scary indictment to read when you realize how sophisticated just the social media operation was. >> we are in

. >> we'll talk about this, lanhee chen, now a research fellow at the hoover institution. jonathan allen, and christina bellantoni is an editor for "the los angeles times." thank you for being here on what is the end of an incredibly busy news night. christina, i want to start with you. the president says he's going to have very powerful and strong changes to the background checks system. that is something that potentially if he's talking about the kind of film we discuss in the wake of newtown shooting would expand background checks. right now that's not what congress is talking about doing. they have a limited version of this bill that would make some changes to the background check system. that broader background check expansion couldn't pass congress after newtown. is there any chance in this environment that something like that could happen if this president pushed for it? >> i mean, i guess there's always any chance, right? but it is pretty unlikely. you and i both covered that debate on gun control after newtown and that was a moment when everyone sort of thought, t

. >> dana: lanhee, apparently the activity they were doing maybe doesn't have anything to do with the trump campaign, but what they're accused of was happening in 2016 and into 2017. so it does bring it forward a little bit. >> it does. i think the question is always about the extent of the activity. it's always the extent of how far it went. remember, conspiracy is two or more people. so, obviously we know manafort and gates. the question for the mueller investigation is who next? >> dana: can i go over one more topic with you? i want to ask you about the significance of what president trump said we were going to move the u.s. embassy from tell tel aviv to jerusalem. just last week mike pence said we plan to do that by the end of 2019. president announcing they're going to move that forward and try to do it in may of this year. how significant is that? >> it's pretty significant. if you watched his cpac speech this morning, he went at some length about moving the u.s. embassy down to jerusalem. he said, look, other presidents have tried to do this, said they would do it and they didn