>> give it a try. >> which one. >> mastercard. >> yes, mastercard. >> you have been bullish on them sincehe inception this show. it's going higher. >> higher. >> highering monte >> i had my doubts but you did it. >> it's only a half hour show. sales force, tim >> too high. >> it's not going to go higher >> too high. i think the valuation has always been a question. and therefore you could have said that a year ago and been very, very wrong i think you are getting to a place where people understand there is a lot of competition in the software space i would rather own oracle here. >> i would say it's going to continue to go higher. great execution, international growth i mean, the company just put up a great quarter. and ai investment. i mean this is a company moving in the right direction. >> nice die veggence of opinion there. nvidia, grasso. >> higher. without question equity he connected houses, connected cars, connected lives. people are using their lap tops and cell phones. everywhere, it's going higher. >> connected lives >> we are like connected, the five of us tonight no sorry. ad

in mastercard >> visa. lot before heavy visa. >> only up 2.5% year to date trailing mastercard. >> would you say you own a pletho plethora >> yes, one of ouren largest positions. when we bought visa, which was about 2 1/2 years ago on a relative basis visa was less expensive. what do i think about it now it is interesting. at the same time as you are seeing talk about amazon and overvaluation or the faangs, visa might not be a cheap stock, but you can see the earnings, the growth drivers the low unemployment, consumer spending, consumer confidence. doesn't matter whether people are buying off line or online. they will be buying with a credit card in some way and visa is a recipient of that so we like it. >> are you at all worried about the emergence of cryptocurrency, block chain, new payments technology affecting stocks like visa and mastercard? because i know some smart investors are and have laid out that case at various times >> i think it is a long way from today. and if there really is a threat, visa

american express announcement follows similar moves by mastercard and several big banks.n, oracle, microsoft competing for the pentagon cloud business according to people familiar. amazon is widely perceived as the front runner having already won two other government cloud contracts. the defense department is set to outline a spending plan within days and has placed a fair and competitive selection process. the u.s. largest retirement community villages has minted three new billionaires, the wealth of the funding family hit $3 billion this year according to our billionaire index. members.ree family the florida development is the fastest growing in the u.s. with 120,000 retirees living on 20,000 acres. that is your update. vonnie: coming up, growing trade war risk and geopolitical uncertainty, a look how it is playing out in gold trading. that is next. ♪ ♪ >> you are watching bloomberg markets. time for the segment where we dive into the futures market through the chart and we look at gold, on the day a bit lower. down 6/10 of 1% and on pace for the worst day in two weeks

front of a visa sign at one of the they are here demanding major credit card companies like visa, mastercard, american express stop doing business with retailers who sell assault living. >> they have the power and, thus, the responsibility to help curb, even stop the sale of assault weapons across the united states. >> if people want to own them, there should be as many speed bumps, impediments to owning an assault grade rifle as there is to buying a car and having insurance for it. >> reporter: this comes after the school shooting noo parkland, florida, where gun control groups have put more pressure on private companies to change gun-selling policies. walmart and dick's sporting goods announced changes to their policy. payment processors like paypal and applepay have already banned using their services to buy firearms. we've reached out several times to visa this morning and they have yet to respond to us. reporting live in foster city, matt keller, abc7 news. >> thank you. >>> on a related notal happening right now, three bay area lawmakers are announcing a bill raising the minimum age to

. >> where does it end twitter, snap, alphabet, how about visa and mastercard.ow about all the guys who know a lot about us how many times have you signed up for something and that list then gets sold where does it all end in terms of protecting our data, who falls into the cross hairs of regulation >> talk about experian, the bounceback in that stock was dramatic david seaburg talked about that. i can't speak to mastercard and visa but you are right our data is all over the place. it's shocking to me that palo alto networks and sem an tech haven't done better in this environment. this should be a sweet spot for them the stocks languished. to your point facebook is probably the tip of the iceberg with all of that stuff the question comes down to this, is this a speed bump for them or fundamentally changing their business i think speed ump about. other people disagree. >> grasso here, hitting the sell button on some of his biggest holdings today when is the right time to sell your winners he will explain the method to his trading madness next in the meantime, her

visa and mastercard in particular have held the bouquet. up can't get -- have held ok.ou havekdown taken away another component of underlying strength in the economy, then what would have to be more concerned. joe: cameron, what are you watching? railroads, which have done pretty well over the past month or so. it is interesting, whereas facebook has fallen off and pick has fallen off, the old school well.hoo has done quite we have broken out in transports, and i am assuming it failed miserably -- but it would be another argument. the economy is generally doing ok. credit cards, companies is doing ok and railroads are a indicator of industrial activity. if this was 1975 would say that is all there is -- and obviously technology is another issue. argument thatthe the end of the quarter and month is coming and earning season is coming up as well. we know the macro data has been a little mixed so far this quarter. it is hard to know if that is indicative of a underlying deceleration or if there is a lingering seasonal issue with consumer spending. it is another argument gi

. >> the activists say if visa and mastercard act, other credit card companies will be pressured to follow. >> the president has made it official. there is now 25% tariff on steel and 10% on aluminum. now fear this announcement will prompt a trade war with countries like china. the bay area is reacting to the president's new tariffs, which could have a major impact here. scott budman has more. >> reporter: san jose is a cost of manufacturing is all about the steel. the warehouses always busy and working on projects for individual homes and giant tech companies. the announcement of new tariffs on steel imports is seen differently here than you might expect. because so much of the steel they and other companies like the muse is imported, they'll likely have to pay more to buy steel from china. >> it is not a cost saving. it will cost more and our costs will go up. >> because? will cost more to import steel. >> the cost on a per pound or square foot basis is going to cost 25% on steel and 10% on aluminum. >> both of which are used in this warehouse. but what about other local businesses? the

. >> reporter: the progr has major partners, including viacom, mastercard, and blackstone's presidentnd ceo, jonathan grey. >> i think ts works pretty much anywhere. what you need, obviously, is some people on e ground,ome people in the community, the business community, local real estate people, who say, i want to take some time, i want to try to educate some kids and give them some opportunity. >>oeporter: the opportunity turn a little learning into a foundation to build on. for "nightly business report," i'm diana olick in the bronx. >> and that is pre.y co you can learn more about this program on our website, m.nbr. >>> coming up, why cannabis and casinos do not mix. >>> martin shkreli has been ordered to forfeit more than $7 million in assets. the former drug company executive was convicted of defrauding inve sors. he ieduled to be sentenced for securities fraud friday. some of the assets s give up include a picasso painting and an album by wu-t g wu-tangs clan. >>> recreational and medicinal marijuana are legal in nevada s ales are strong. but the casinos don't want anything to

the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as as well. eventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela bichon toronto and caleb in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent history this is a country that is essentially pulled itself up by its own bootstraps you know seven hundred million people lifted out of poverty at the time the chinese communist party first took power in one nine hundred forty nine there was not a single steel mill in china today china produces over half the steel in the entire world now as you're probably thinking and making reference to you know they do have five

the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela vetch in toronto and caleb maupin in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent history this is a country that is essentially pulled itself up by its own bootstraps you know seven hundred million people lifted out of poverty at the time the chinese communist party first took power in one nine hundred forty nine there was not a single steel mill in china today china produces over half the steel in the entire world now as you're probably thinking and making reference to you know they do

they claim companies like visa and mastercard have the responsibility to curb and stop the sale of assault across the united states. >> people want to own them then there should be as many speed bumps and impedestrianments as there is to buying a car and having insurance for it. >> payment processors like paypal and apple pay have already banned using their services to buy firearm, visa has not yet responded to our requests for comment. >>> fremont's police cleahief w retire. he join the department in 1987 and worked his way up through the ranks before becoming chief in 2013. fremont city leaders will begin a search within the police department to find his successor. cannabis has been legal in california pour mofor more than months now, but a church that uses pot for its services has been raided. >> reporter: at the church of hundred harmonies there are two doors, one for the temple hall, a small sanctuary with pulpit and chairs and the other for sacraments. choose from at prices for for the gram. it is central to their religious beliefs. >> it helps our mind, our spirituality. it helps cr

they claim companies like visa and mastercard have the responsibility to curb and stop the sale of assaultss the united states. >> people want to own them then there should be as many speed bumps and impedestrianments as there is to buying a car and having insurance for it. >> payment processors like paypal and apple pay have already banned using their services to buy firearm, visa has not yet responded to our requests for comment. >>> fremont's police cleahief w retire. he join the department in 1987 and worked his way up through the ranks before becoming chief in 2013. fremont city leaders will begin a search within the police department to find his successor. cannabis has been legal in california pour mofor more than months now, but a church that uses pot for its services has been raided. >> reporter: at the church of hundred harmonies there are two doors, one for the temple hall, a small sanctuary with pulpit and chairs and the other for sacraments. there's a wide variety for people to choose from at prices for the gram. it is central to their religious beliefs. >> it helps our mind, o

. >> caller: i purchased mastercard back in 2016. and i hate trimming from this company, should i keep it going or should i cut? >> i don't want you to trim. i added this to the bullpen for actualownersplus.com members if it pulls back, i swear, i would buy more this is one of the best companies i have ever seen in terms of how it is run and its possibilities. all right. bounce, bounce squares ability to rebound is remarkable much more "mad money" including my exclusive with the ceo of applied materials. how is this company positioning itself with the new u.s./china tech rivalry and all your calls, rapid fire, the "lightning round," stick with cramer. you might take something for your heart... or joints. but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >>> fabulous semiconductor rally got derailed today the demand for chips remaining off the charts semiconductor is a tremendo

they say companies like visa and mastercard have the power and responsibility to curb and even stop thessault weapons across the country. >> if people wants to own them, there should be as many speed bumps and impediments to buying a gun. >> payment processes like pay-pal and apple pay have already banned using their services to buy firearms. visa did not respond to a request for comment. >>> three bay area lawmakers want to raise the legal age to buy long guns in florida. the lawmakers held a news conference to introduce their bill. it raises the age to buy long guns from 18 to 21. lawmakers say the bill is in response to the parkland shooting. >>> controversial video out of ashville, north carolina, it shows a police officer showing a stun gun on a man for jaywalking. marcie gonzalez in los angeles with the story. >> put your hands behind your back. >> reporter: body cam video obtain bid the citizen times captured the moment a police officer appears to use a stun gun for a man wanted for jaywalking in north carolina. the video recorded in august, going viral when it was leaked and pub

used in transactions that will be able to process transactions per whereasion second, these up and mastercard at 50,000 transactions per and second. is how the bitcoin blockchain will remain relevant, because of the security base. but it is a smart contract protocol, it is the glue and logic that operates all the code. there's going to be three to five other protocols that maybe haven't yet been created. but we are still in a nascent stage of this asset class, it is a $500 billion asset class and rbc projected it could be a $10 trillion asset class. we are bullish and absolutely agree. when you buy shares of hut 8, we're agnostic on the price of cryptocurrency. we are laying industrial sized data centers that will mine all major protocols. when you are purchasing shares you are buying a royalty, because we have a low cost base and keep the underlying cryptocurrency. that for that like of a stock, that is something that would interest them when they purchase hut 8 shares. emily: that was sean clark speaking with caroline hyde. coming up, the battle for the cloud continues to heat up. one compa

so we think that it is a modest ask, a fair ask, and a just ask to ask visa, mastercard, credit cardompanies to take similar action to stop assault weapons. we believe visa's acceptance policy should be guided by the laws of the country in which we do business. >>> the trial is underway for a san francisco police officer accused of running from the scene of a crash in north beach. our legal analyst talks with me next about the unusual consequence. >>> and breaking news. >> north korea will halt nuclear ambitions. and president trump will meet with north korean leader kim jong-un. we'll have more coming up. at the marine mammal center, the environment is everything. we want to do our very best for each and every animal, and we want to operate a sustainable facility. and pg&e has been a partner helping us to achieve that. we've helped the marine mammal center go solar, install electric vehicle charging stations, and become more energy efficient. pg&e has allowed us to be the most sustainable organization we can be. any time you help a customer, it's a really good feeling. it's especial

(gasps) oh, yay, a new mastercard! uh-oh. what? i was going to get my mail. okay.... are you hoping to get it telepathically? i think you mean telekinetically. and no. i just wasn't sure of the proper protocol now that you and leonard are no longer having coitus. god, can we please just say "no longer seeing each other"? well, we could if it were true. but as you live in the same building, you see each other all the time. the variable which has changed is the coitus. okay, here's the protocol: you and i are still friends, and you stop saying "coitus." good, good. i'm glad we're still friends. really? oh, yes. it was a lot of work to accommodate you in my life. i'd hate for that effort to have been in vain. right.

so we think that it is a modest ask, a fair ask and a just ask, um, to ask visa, mastercard, credit cashedimilar actions to stop assault weapons. >> a spokesman for visa says: >> the u.s. embassy in mexico is banning u.s. government employees from traveling to a resort because of security concerns. the travel alert is for the caribbean town of playa del carmen in eastern mexico. the embassy says it has received information about a security threat. last month there was an explosion on a tourist ferry between there and cozumel. the blast injured 25 people including 2 americans. then last week mexican officials found explosives on another ferry. the embassy has since banned u.s. officials from using all tourist ferries. >>> time now to check in with chief meteorologist bill martin in the weather center. >> very little wet weather last night. on saturday night into sunday, more rain chances. then more rain chances next week. i said it earlier. the storm door is open. they are just not showing up. that's the problem. southern california on saturday is going to get some significant rain down the

in these questions, for example, about what trump knew about general flynn's conversations with mastercardto cover that up when he said he first learned about those conversations from the vice president mike pence? so this has to unravel here. >> john dean, i mean when president trump uses the term witch hunt, i mean i talked about this with carl woodward, nixon sees witch hunt insides say. what parallels do you draw, and president trump when he see michael wolf's book goes into a rage when he sees it on tv, but what parallels do you see here? >> i tweeted that when i saw that headline, too. what i saw is one is public and the other private. the obstruction statute, if you're looking at the criminal law is an endeavor statute. and all you have to do is have a corrupt motive and corrupt intent and make overt acts towards that intent and you're on the wrong side of that law. it's not very hard. trump is going to be judged not only that but on a political standard. if i look at the impeachment nixon was held up to, you'll see right now trump is far more aggressive than nixon in that m impeach

so we think that it is a modest ask, a fair ask, and a just ask, um, to -- to -- to ask visa, mastercard card companies to take similar action to stop assault weapons. >> a spokesman for visa said the company is deeply concerned by the continuing cycle of gun violence but in a written statement the company went on to say, quote, we do not believe visa should be in the position of setting restrictions on the sale of lawful goods or services. rather, we believe visa's acceptance policies should be guided by the laws of the countries in which we do business." >>> is there a link between videogames and violent acts? president trump says yes. and today, he discussed the topic with industry executives at the white house. griff jenkins has more from washington. >> reporter: president trump in a meeting at the white house talking videogames and whether they make children more aggressive and contribute to the nation's higher level of gun violence. industry leaders have long argued no, they don't. following the school shooting in florida, the president pointed to videogames as an influencer, a nei

he's had disdain for mcmaster just in february when mastercard blamed russians for hacking election,rump took to twitter to humiliate him, not changed by the elections, and only collusion was by dems. that was part of the tweet. david, with this context, what do you make of the fact that the president could be at this point right now? >> general is right, it is routine to have people coming and going including the national security post. but what is unprecedented is unraveling we seem to be watching coming from this white house and from this administration. just, you know, within hours after hope hicks announced her resignation, we have the possibility, we just reported on jeff sessions may be leaving, now we have understanding that mcmaster may be leaving. there are rumors swirling that kelly could follow him out the door. there are rumors about gary cohen leaving. and if you look at all that, i don't know of any administration which has ever had that much turmoil and that much falling of the pillars of the government, you know, in question. now, to be sure, i think as jim sciutto s

well, he figured that that was not a real device and he put his mastercard in the -- dartmouth card. >> he was working at dartmouth. >> and it worked, it got the green light, so it only had a green light. so, they stopped him. and frankly, we were very upset. you know, most of the delegates were for mccarthy. and governor king sort of new what i was up to and he came up to me face to face, head to head, and he said -- i want my vote counted. and we both voted for musky. and i said to him, governor -- you will get your vote counted. i had no intention of voting the delegation that evening. and when it got to new hampshire, i said -- new hampshire, and i knew that at the time, they would cut me off if i tried to bring in the detention of david into my talk. i knew that that is the way they were. they would just cut you off and you would have no mike. so, i said -- new hampshire, whose motto is live free or die , it later got onto the license plates, passes -- and i thought that maybe someone in announcing would mention that our chair had been arrested. i don't know if they did but -- a

but there are still a huge number of people sri a and mastercard, they have such great growth.hat you want to know by the way, taylor, still working on the cost of capital that we spend in this country for steel versus the cost of capital in china, which, of course, is zero. >> yeah. >> it's hard to make anything when competing against china. >> i know. do you have a lot of people you talk to in the steel industry who have been upset? >> well, they've been losers for so long, it would be nice to think they can actually do well. >> do you understand that? haven't there been benefits to having low prices of steel aren't there other companies who rely on low costs of steel, consumers? if we amexed canada and others -- >> are we doing that >> no, we're not doing that. >> are you sure? >> yeah. i've got houses down there. >> no annexation >> the peso is a real factor hindsig hindsight, 20/20, i've seen them do it. >> up next, we can't stop trading with jim, and we'll be right back that we could video conference and do it like that (snaps). if you'd have told me that i could afford a

you can still own tech but you own mastercard and visa and cisco and the value side, be a little more oriented if tech. i think you still have to own some financials, maria. i wouldn't give up on the consumer, selected places are still good. >> maria: are you record read about trade? >> -- worried about trade? >> you have to be worried about trade. a tariff is a tax, period ox, period, period. we've got to find a way to go after china because they don't play by the right rules. everybody sees that, even the free traders. we've got to find out a way to do that. we started with a tariff on steel and aluminum for everybody. wait a minute, mexico and canada, you're our friends. we won't go there. maybe not europe. maybe this will get down to china. >> dagen: that's how i see it. i talk about facebook, that potential regulation. i see these tariffs and now companies have to ask for exemptions or even countries. that's additional regulation. you're putting up hurdles and who does that hurt? it hurts small business. this is something that president trump knows. >> maria: even those countries

upside business travel and 25 other major travel brands including mastercard and jetblue are announcinger day to happen on april 24th. joining us is the founder of price line and upside business travel service co-founder, chairman and ceo, jay walker. good to see you. thank you for joining us. tell us about this annual business traveler day. >> there's 2 million people every day that take business trips. they get nothing, no he respect. they're up at the crack of dawn, flying away from their families. it's time to recognize business travelers. the business travelers, there's 2 million of them. we'll have a swee a sweepstakese first class travel for the next 20 years, that's the grand prize. it's free to enter. we'll have brackets. >> maria: you're talking about march madness. you're talking about march madness corporate. you can celebrate national business travel day by entering your business bracket sweepstakes and picking the single greatest business trip ever. walk us through this. >> you don't think about all these great business trips in history. going to the moon, marco polo, thes

the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela vetch in toronto and caleb maupin in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent history this is a country that is essentially pulled itself up by its own bootstraps you know seven hundred million people lifted out of poverty at the time the chinese communist party first took power in one nine hundred forty nine there was not a single steel mill in china today china produces over half the steel in the entire world now as you're probably thinking and making reference to you know they do