. >> metlife revised its 2017 earnings upward after a view showed a miscalculation w made. the adjustment increases the ensurer's annual net income by about $260 million. back in december, metlife said it failed to locate some customers who were owed pension that prompted an s.e.c. investigation. shares of the insurer were o a fraction nonetheless, at 45.50. and an activistnvest in xerox has filed a new lawsuit against the company. he says that xerox refuses to let him make nominations to its board. despite missing a deadline. he said because the current board made a number of decisions and disclosures to stock holders after that same deadline that he should stille able to make nominations. deeson is the fifth largestr stake holn the company. the stock fell more than 1.5% to $30.06. >>> equifax reported better than expected quarterlies despite the effects of its mass data breach. the company expects costs related to the breach to rise t more than $430 million this year. and that means thencident uld turn out to be the most costly attack in corporate hi ory. equifax rose 5%

metlife, again, the exact same trend here.is one of the interesting implications when we talk about companies getting involved, politics being shaped by corporate activism. one of the things companys have to keep in mind, i think they have to figure out, a good or bad thing for us from a business standpoint is a clue here what happens and what happens if you weigh in, that's going to have a fallout. an interesting sort of follow-up to the very public and active role they played in the nra debate. >> thank you. >>> a shift on gun control part of the chaos of the white house this week. the question now, can the administration get back to business as usual? careen jean pierre, michelle barnard. corrine, let's start with you. i draw from the story of the chaos in the white house. describing president trump's zigzagging positions on gun control. i guess you could say the first zig at the meeting in the white house. what's your sense of the president's position on gun policy and republicans today? >> look. when it comes to donald tr

metlife and enterprise have cut discounts to nra members and delta members -- airlines has also cut ties. the u.k. has issued its first ever red alert for scotland which indicates a genuine threat of life because of the snow. the storm has been nicknamed the beast from the east. march -- march the first day of the european spring. justin trudeau is under fire after a visit to india became a diplomatic debacle. his delegation met a leading exponent of its independent punjab. global news 24 hours a day, powered by more than 2700 journalists and anaylsts in more than 120 countries. this is bloomberg. haslinda: thank you so much for that. back to one of the top stories. china's leaders have approved nominees for top government jobs as promised. changes to the country's regulatory structure. jb -- beijing.om what are we to hear the meeting next week? tom: what we know is that the nominees have been selected and have been meeting over the next three days. starts on monday. we are not exactly sure what would look at the finalized name list out and for which parts or which government departments

through social media pressure, they were able to get more than a dozen companies, hertz, metlife, best western, but now, the georgia state legislature, which granted millions in tax breaks to delta airlines decided it had had just about enough. the lawmakers in georgia voted to strip delta, which is headquartered in atlanta, all of of its heavy jet fuel tax exemptions. that costs a lot. corporations cannot attack conservatives and expect us not to fight back. well, today delta's ceo issues a memo to employees that they were in a process to end discounts to a group of any politically devisive nature. but what about valuing and protecting your customers? why alienate them? you know what i was thinking about today as i was getting ready for the show? remember how this line from obama went over in middle america? >> the jobs have been gone now for 25 years and nothing's replaced them. and they're gone through the clinton administration and bush administration. and each administration has said that somehow these are going to regenerate. and they have not. so it's not surprising. >>oh, i'm j

metlife saying it was reviewing its processes for finding missing group annuity beneficiaries.fected you to some extent. there he quickly, how confident are you in your own processes? dan: extremely confident. it is something we have been doing for 75 years. there are over 200,000 full-service retirement payout customers that we are making payments to every single week, month. this is a big part of who we are. as a result, with exhausted and interrogated the numbers and feel good about our position. tracy: and exhausted dan houston, thank you so much. up next, china's commerce minister warns a trade work will be disastrous for the world. we will go live to beijing for the latest out of the national people's congress next. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinit

metlife ringing the opening bell. the dow up more than 500 points. it rose more than 400 this morning as trade tensions eased. >>> and now to a developing story. president trump appears to be responding to allegations from stormy daniels. at about 5:30 this morning, the president tweeted, quote, so much fake news. never been more voluminous or more inaccurate. through it all our country is doing great. this could be a reference to the news conference of stormy daniels' interview. >> she said she feared for her family's safety. this morning, stormy speaks. >> i have no reason to lie. >> weeks after filing a lawsuit stating she had an intimate relationship with donald trump more than ten years ago, adult film actress stormy daniels said she was threaten in the 20 wlef her infant daughter present not to go public with her story. >> a guy walked up on me and said to me, leave trump alone. forget the story. and then he leaned around and looked at my daughter and said a beautiful little girl. it would be a shame if something happened to her mom. >> you too

according to a study conducted by metlife, seniors lose at least $2.9 billion annually in reported cases of exploit -- exploitation. the national adult protective services association estimated that one in 44 cases of financial abuseever reported. current bank privacy laws make it difficult for the financial institutions and their families and their employees to report any potential fraudulent activity without incurring legal liability. and as a result, few cases of financial abuse are reported. our bill would give financial advisors civil liability protection when reporting suspected financial abuse of seniors. this will empower and encourage our financial service representatives to identify warning signs of common scams and help stop financial fraud targeting our seniors. now, i'd like to turn for just a moment -- i've gone over some of the positive benefits and provisions in this bill. i'd like to turn for a moment to the krit criticism -- to the criticisms. some of the tax that are that this will help the big banks get richer at the expense of poor people. a common type of attack to

metlife saying it was resuming -- reviewing its processes for policyholders, has affected you in someery quickly, how confident are you in your own processes for that? >> extreme a confident. it is something we have been doing for roughly 75 years. there roughly 250,000 full-service payout customers we're making payouts to every single week in every single month. this is a big part of who we are. as a result, we have exhausted and interrogated the numbers and fill very good about our position. investorsnext, global watch as president trump fires his secretary of state and this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. ♪ tracy: welcome back to "best of bloomberg markets: middle east.

have a fairly big event in the world of life insurance recently, we do not get to say very often, metlifeeviewing its processes for finding missing group annuity policyholders and pension beneficiaries. that has affected you as you are in a probe. how confident are you in your own process? >> extremely confident, we have been doing it for 75 years with over 200,000 full-service retirement payout customers we are making payments to every single week, every month. this is a big part of who we are. have exhausted and interrogated the numbers and feel good about our position. , risk off on brexit as global investors turned cautious as president trump fires his secretary of state, we will discuss that next. this is bloomberg. ♪ mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. ♪ tracy: welcome back to t

metlife saying it was reviewing its processes for finding policyholders, has affected you in some extent been caught up in april. -- in a probe. very quickly, how confident are you in your own processes for that? >> extremely confident. it is something we have been doing for roughly 75 years. there roughly 250,000 full-service retirement payout customers we're making payouts to every single week in every single month. this is a big part of who we are. as a result, we have exhausted and interrogated the numbers and feel very good about our position. tracy: up next, global investors turn cautious as president trump fires his secretary of state. we will discuss that next. this is bloomberg. ♪ ♪ tracy: welcome back to the "best of bloomberg markets: middle east." there was more white house turmoil this week as president trump up-ended his foreign-policy team, firing secretary of state rex tillerson and proposing to replace him with cia director mike pompeo. i got more with the managing director at aberdeen standard investments asia. >> it doesn't necessarily impact our strategy. i think it i

joining us is drew mattis from metlife investments management drew, it seems as though it's a forgoneion the market has priced in a 25 basis point rate hike almost certainly. as we talk about the fed, what is the most important thing we will be watching in the statement or press conference? >> a lot of people will be looking at the forecast they put out. this is powell's first thing as chair. it's a question of is he influencing the forecast what is his main set of goals? we'll look at how he answers the questions. if you look at how he talked to congress, people better be prepared for him to answer the questions. art hogan was talking about that earlier. it's exactly right he brings an unusual method of talking the markets, so he actually answers questions that are asked. people have to grow accustomed to that. >> how much is on his plate? how much responsibility does he inherit that may be different from what janet yellen was shouldering? >> it's interesting. there's 100% chance priced into the markets. if he had not wanted to go today, he's kind of locked in. it's the future of the

. >> we do have some industry data with avis and metlife who have severed ties with the nra. they originally gave that information. they gave up discounts and partnerships with the nra. they are doing okay. according to new research, survey results found that consumer perception for most of those companies has remained largely unchanged. democrats felt more positive about the brands. democrats did not change their perception but independence steered a bit more negative. >> on the issue of open government, san francisco interim mayor mark farrell is opening his office to the public. his so-called open-door chats started friday and will happen twice a month for a three-hour period. this is something former mayor willie brown started years ago that stopped. the new mayor will meet with anyone who enters a lottery system and they will get a 10 minute slot. san francisco residents can enter on the website and sign up for it. one person we spoke with came to him about a homeless situation in the city. >> i don't think the mayor can do it by himself. he is here short-term. he will b

a number of major corporations including delta air lines and metlife cut ties with the nra and in a major announcement, take sporting goods announced they are ending the sale of assault style rifles. president trump has been outspoken about his plans to band bump stocks with the white house saying he will ask congress to do this but if they don't he may take executive action. >> we have to do something about it. we have to act. we cannot wait and play games and nothing gets done. the president is calling for a plan to arm certain faculty members and they would be trained according to the white house either through federal grants or through a federal training program. >> shortly after meeting the president california senator dianne feinstein introduced a bill that she worked on with republican arizona senator jeff flake to raise the minimum age to buy assault style rifles to 21. when the country's largest sporting good stores is not waiting to see what happens. it is immediately ending the sales of those types of guns and senator feinstein today, well done dick's sporting goods. thank you

nor insurer metlife. and atlanta-based delta airlines will discontinue reduced rates for n.r.a. members. th prompted georgia's lieutenant governor casey cagle to threaten retaliation. >> i'm tired of conservatives being kicked around on our values and it's time that stand up and fight and show corporations that conservative values are important. >> reporter: cagle presides ovee thgia senate, which today passed a tax bill that includes stripping a long-standing jet fuel tax break for delta. as for the n.r.a., it has called the moves made by delta and others "a shameful display of political and civic cowardice. the loss of a discount will neither scare nor distract one single n.r.a. member from our mithion to stand and defend and some companies are maintaining their relationship with the n.r.a. fedex continues to offer shipping discounts to n.r.a. members though it says it disagrees with the n.r.a.'s stance on assault weapons. this is economics corrolpondent pauln for the pbs newshour. >> sreenivasan: this may be relatively uncharted territory i whcomes to guns and ammunition. but

david: and the bloomberg markets will be open and drew mattus of metlife and others.rg. ♪ jonathan: from new york city, i am jonathan ferro. 30 minutes to the start of trading. this is the countdown to the open. ♪ jonathan: coming up, last-ditch attempts from within the administration on the tariff effort. the eu plans its own retaliation. geopolitical risks diminish as the north says it is open to giving up nukes. investors speculate the hardtop on trade won't translate into policy. the story as follows, equities firmer. third on theout a s&p 500. euro-dollar back up to 1.24. 2.88 ones unchanged at the u.s. 10-year. donald trump's tears face -- tariffs face increasing opposition at home and abroad. >> we think this is a

brighthouse financial trading at all time lows, back to the spinoff from metlife and ameriprise and unumup. >> thawinnk you, meg. with more on what the tariffs could immediate for aerospace, defense, and also beer, james mcgreevey is president and ceo of the beer institute which represents more than 5,000 brewers including miller, coors, anheuser-bus anheuser-busch and also with us is former army secretary, currently ceo of aerospace industries association which represents more than 340 aerospace and defense companies like boeing, lockheed martin and northrop grumman thank you for joining us today >> good to be here >> eric, i'll start with you probably just heard commerce secretary wilbur ross talking about the fact that this is not such a big deal. the market's been overreacting and that the increase in cost from these tariffs is not as large as what is being kicked around right now what is your response to that? >> we're always worried about pricing throughout our supply chain. this is going to impact companies big and small in aerospace and defense world. more importantly, we're conc

get to the opening bell here at the nyse opening at the nasdaq, the big board, insurance giant metlifeting its 150th anniversary at the nasdaq. biota l t biotalet me doctor -- biotalemancy. >> those stocks taking it on the chin believing housing is no place to be with the fed raising rates. finish line, a mall-based company. really interesting the mall-based companies have been having good numbers matthew boss today does not comply with that says that gap will miss the numbers, but gap, american eagle outfitters abercrombie, these have all been really -- no longer being at challenged coors had good numbers i have been waiting for pbh to report the mall's been good, and no one expected that. i think that maybe what's left of the mall may be okay. interesting piece about sears. >> oh, man. >> an interview. >> vanity fair. >> if you lay off, numbers are going to soar. >> that's not how it's worked out. >> it's an idea. >> lamp eert does not talk ofte. >> it was a really good interview but in the end, sears, let's just say -- maybe sears doesn't even matter. maybe it's an existential thing

soccer >> it's a cross between soccer and -- >> only wilf gets to play his high school recreation in metlife's haunted you it's not until six weeks. >> hello, everybody. live from the new york stock exchange welcome to

soccer >> it's a cross between soccer and -- >> only wilf gets to play his high school recreation in metlifetadium. >> i let this detail slip and it's haunted you it's not until six weeks. >> hello, everybody. live from the new york stock exchange welcome to the "closing bell." i'm kelly evans. >> i'm wilfred frost we're in rally mode on final trading day of the month, the quarter and the week we're watching the markets closely. in one hour we could see the dow and s&p break a nine-quarter win streak with worst quarterly performance since q32015. >> it's coming to an end the russell small caps are struggling to stay positive. the nasdaq is still on track to do a positive one. seven straight, in fact. >> we're also watching international stocks the ftse 100 on pace for third negative month in a row. it was down 8% for the quarter the german dax was down 6.3% we saw the nikkei down somewhere between that, about 7% for the quarter. let's get to our "closing bell exchange". >> joining us are david kelley of jpmorgan funds, steve grasso at post 90s from stuart frankel and rick santelli at the cme

in 2014, the life insurer metlife was designated as a systemically important financial institution. by 2016, it prevailed in court and had their designation overturned. what was revealed how arbitrary and ca appreciateous the designation process seemed to be. they never clarified what level of risk would be acceptable nor did they identify particular types of financial products or business activities that will result in too much risk. being designated would not only increase compliance cost and consume resources that could not be invested into the business, it would have forced the financial company to limit the options made available to their customers. we see the vicious cycle of overregulation played out again. fortunately in the case referenced above the court halted the arly and process. however we have the opportunity now to bring about reforms to the designation process that protect americans from losing h process. access to financial products that serve them well. hen we talk about washington picking winners and losers, look no further than dodd-frank and the systematically

. >> the helicopter went over the top of metlife building and it never happened again the old pan a.mhere was a strut that fell and a helicopter collapsed on its strut. the kind of aircraft we're talking about now. sometimes 36 fans,quiet, electric motors. much less expensive to run, much quieter helicopters have a tremendous amount of noise. >> how far are we in the future? when's that happen >> five, six years you'll be seeing them in europe, dubai probably as little as reyethe ars and that addressable market will be strong. >> thank you >> thank you >> we'll be right back i think we should do that meeting tomorrow. well wait. what did you think about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get r