look, if you're in boeing today, dan loeb, boeing has a $66 billion deal with iran.ell, iran was on its last legs and ready to collapse until the u.s. came along. when you read the president's tweets, it's not like you feel good about the $16.6 billion boeing deal, right? with iran? you feel good about that after read thag tweet? >> no. >> is that one dan loeb is going to jump into? >> maybe. maybe. >> unscrutable, dan. we had this ad with ray dalio, he's bullish and by the time the ad comes out he's bearish. they're a little mecurial. i think when we have these hedge fund managers saying what they think, they seem to change their mind with the tweets. >> some do. some do. >> if you were still running your firm. >> right. >> and your desk. what infrastructure would you set up to react to those? >> i would have one person just looking at tweets. i mean literally. hire a guy, you had a guy out of college, you know, get a high school guy who in his spare time he cuts class, i don't know. i mean just, you have to have someone monitoring tweets. it's too crazy. i would be

how they treat the banking sector which takes money out of the bank that could be us ooh-- used for loebs. david: that's the way it was set up. it was set up by liz warren, her brainchild as a part of dodd-frank and set up to be unaccountable. the d.c. court of appeals said it was an unconstitutional agency because the president's not free to fire the guy at the head. >> even if the cfpb were accountable, it still wouldn't be necessary. we should still abolish it. it doesn't take a genius to say that the marketplace is about protecting the consumer simply because if you do a bad job by that consumer, there's voluminous competition for your business. we don't need what is an accountable or unaccountable. david: mike, here is what one of the folks who put a target on this agency says. senator sass, i'm quoting him, he don't like it, the structure is based on the idea that government is unlimited and rights are dependent on the special dispensation of the experts who know better than the american people. what do you think of that? >> well, he's right, david. if you look at the salaries of th

to death in the back of a garbage truck while taking cover from a thunderstorm.memphis mayor henry loebmostly black sanitation workers' cries for better wages and working conditions.baxter leach/sanitation worker:"i got maced. i got tear gassed. i got run, like a rabbit, police behind me."tensions built as the striking workers met nearly daily at nearby churches... with mlk jr joining the fight in march of 1968.change came on april 16, 1968...when all of the striking workers' demands were met, but at the cost of the death of dr king 12 days earlier.the sanitation worker's union was recognized, salaries were increased and the strike came to an end. baxter leach/sanitation worker: "if we never had got that union we might not would be be making, might have been making $10 an hour now."in memphis, i'm rudy williams. the sanitation strike of 1968 .... set the bar for labor relations around the world. those 13-hundred men brought attention to inequality in jobs, healthcare and housing in the black and poor community. we are celebrating black history month on air and online as well. go to kron

the most important of which was nobody in america could pronounce loeb. --is aevi is the name name in the bible. it seemed like an appropriate name to take. then the gold rush happened and all of these reports are coming back, and so many jewish merchants are coming up to san francisco and all the little towns in setting up retail stores. they are writing their families back home saying, come out to california. opportunities out here are amazing. if you wanted to calm to could be theou wholesaler and stay in san francisco and bring in the goods from new york and have your retail accounts back and gold rush country, or you could have your small retail stores of there. it was this amazing umbilical cord between san francisco and the gold country. sometime in 1852, the strauss family decided to send levi to california to open up the west coast branch. there is still some a questions about levi that will never be answered unless somebody find a diary or a letter in a truck somewhere. did he jump or was he pushed? did he want to go? did he think it was a great

the most important of which was nobody in america could pronounce loeb. plus, levi is the name --is a name in the bible. it seemed like an appropriate name to take. then the gold rush happened and all of these reports are coming back, and so many jewish merchants are coming up to san francisco and all the little towns in setting up retail stores. they are writing their families back home saying, come out to california. opportunities out here are amazing. if you wanted to calm to california, you could be the wholesaler and stay in san francisco and bring in the goods from new york and have your retail accounts back and gold rush country, or you could have your small retail stores of there. it was this amazing umbilical cord between san francisco and the gold country. sometime in 1852, the strauss family decided to send levi to california to open up the west coast branch. there is still some a questions about levi that will never be answered unless somebody find a diary or a letter in a truck somewhere. did he jump or was he pushed? did he want to go? did h

dan loeb in a letter -- investor letter that was recently published saying this environment is undoubtedly better for active investing. jpmorgan turning bearish learning how president trump's global trade policies may have short-term shock to the global economy and particularly those smaller stocks. >> we are getting mixed signals to wall street pertaining to the new environment in washington. let's talk about that. joining us, ariel investments, jonathan korpina from meridian export partners and rick santelli checks in from the cme. jonathan, by the way, we should point out this is a very narrowly traded day. the trading range on the dow has been less than 100 points. for the s&p it's been 12 points. going nowhere. let's talk about the higher altitude issue of the overlay of trump policies and the view of wall street which seems to be going in two different directions here. >> right. absolutely. i think we have become so focused on what's coming out of washington, not from the fed side or economic side, more of the political side. we've been so stream lined now to totally take our investm

. >> dan loeb dropped on this friday evening. he's a third point.r that in his new position he's very interested in financials. he took new stakes in bank of america, j.p. morgan, goldman sachs. in terms of things that he appeared to be more bearish about, he's been pairing back stakes and pulled back on google, apple and facebook and interestingly completely dissolved his stake in alibaba, the chinese ecommerce giant. just a reminder that these stakes are as of the end of last year so he may have traded in or out of them since then. we are digging through. >> leslie, stay there. what do you think about these moves? >> clearly from his letter we knew he bought into the sector moves that would be trump beneficiary. leslie mentioned ac supply. that's domestic housing type play as well as some industrials. i do think it's consistent. not really consistent with the kind of activist hands on -- >> he has other companies to be run. >> i don't think he's picking up the phone calling lloyd i'm unhappy with lloyd. the odd thing -- those are big stocks. big l

dan loeb has come out saying i'm not sure if we put as much money to sectors and value as good idea -- and good ideas. one of the things he is looking benefitingstocks from inflation, higher interest rates. he said he has increased as exposure, even from earlier this year to banks to brokers and japan. mark: -- moments ago he met with them. he will now go into the white house. donald trump on the south lawn. isnie: coming up, money rushing into etf. we will explain why. this is bloomberg. [ alarm clock beeping ] weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] mark: live from bloomberg headquarters. vonnie: this is bloomberg markets. we will take you to the white house now. right after their meeting with president trump on nafta, the president has said he is going negotiationss of into motion. let's go to the headlines now. mark crumpton in the newsroom. >> president trump over -- promise to overturn a law t