let's bring in steven badda ts tallio and michael morris from guggenheim how important is this guy? is he worth all of this money. >> for netflix he is he's a big name brand name producer he was very important to fox in terms of the types of shows that he brought to them they were a little edgy and different and that gave a lot of the brand identity to fox and their cable network fx losi losing him, they lose what comes with it. they have his serve -- services for a while and they have shows in the pipeline but it is a blow to them and shows that netflix has substantial financial resources. in fact, i think this tells you why rupert murdoch decided to get out of the scripted television production business. >> because it was getting so -- >> the stakes are so high. these companies like amazon, netflix, google, they can pay any -- >> they have more money to come in and the scale to do it. >> but michael morris, apple has got a lot of money, facebook has a lot of money netflix has a lot of debt. is this really worth it for netflix in particular? >> i absolutely think it is worth it for

. >> reporter: a familiar feeling for michael morris, one of many evacuees forced to safety. morris had been controlling the levees in the city before he got the call. >> we had to make a decision if we were going to stay home or move out. >> reporter: both evacuees' homes were spared, but they're now at the capitol in support of new legislation cracking down on dam safety in oroville. >> the original design had deficiencies and pretty much everybody that's looked at that has said that was the case. >> reporter: assemblyman james gallagher is behind the bill. he's pushing for more oversight at the oroville dam and more in depth inspections which he says up until now were superficial. >> our current statute said the dam should be inspected from time to time. obviously that is completely insufficient. >> reporter: gal girl says his bill would require the department of -- globbier gallagher says his bill -- gallagher says his bill would require the department of water to follow new regulations. many across the north state hold their breath hoping they'll never have to relive feb

a familiar feeling for michael morris .. one of many evacuees forced to race to safety ..ain spillway at the oroville dam .. failed.michael morris/evacuee"i couldn't believe what was going on." morris had been patrolling the levees in yuba city .. when he got the callanother evacuee .. who lives right next to the feather river .. recounts going into fight or flight mode.michelle macdonald/evacuee "we had to make a decision if we were gonna stay one or move out overnight."both evacuees' homes were spared - but .. they're now at capitol .. in support of new legislation .. cracking down on dam safety in oroville.james gallagher/(r) california state assembly"the original design had deficiencies and everybody who as looked at that said that was the case."assemblyman james gallagher is behind the bill.he's pushing for more oversight at the oroville dam .. and more in-depth inspections .. which he says up until now .. were superficial.james gallagher/(r) california state assembly"our current statute says the dam should be inspected from time to time, obviously this is completely

michael graham, morris mark this morning talking tech >>> as we go to break, take a look at shares of. always like to say tronc surging after announces to sell billionaire investor for $500 million and the assumption of $90 million in pension liabilities. you can see that stock up ahead and up over 20% earlier. and another check on stocks overall in the market right now, of course after a couple of very, very volatile days, things seem to be stabilizing at least higher right now. you can't predict the market, but through good times and bad at t. rowe price we've helped our investors stay confident for over 80 years. call us or your advisor. t. rowe price. invest with confidence. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ especially when inside another amazing machine. your an amazing machine. the lexus es. with standard technology like lexus safety system plus. the lexus es, and es hybrid. experience amaz

michael. it's a heck of a race and i have to thank everybody at daytona at the speedway. they put on a great show and it's awesome. thank you, johnny morrisyour support. >> what a scene it is down here. so much fun seeing all the smiles on the faces, chris. >> thank you. austin dillon's wife, by the way, whitney, they were just married last december as she is celebrating. there will be question, controversy, you heard him reference the 10 car earlier having to push almirola out of the way and into the wall as he went into victory lane. bubba wallace in a chevy wound up second, and vince welch is standing by with him. >> you heard austin dillon thank bubba for that push that he needed to get to the front, but so close in your first full-time ride for richard petty and the 43 to finish second. >> i have so many emotions. congrats to austin. rcr one and two, that's pretty good. i want to see the replay before i say anything stupid. all in all a great day for our chevrolet camaro team. just an incredible experience for me to be able to be here for my first -- >> what are you seeing here? >> he says i cut his tire down. looks like the same he

michael, steve and the two sisters were the ones that he knew and can identify. the people who were doing the painting went from pacifica and ended up parked on morris street. don't want to screw this up. this is the first time we ever knew where they were. we had a guy who worked at pacific gas & electric who was a retired fbi guy. and so i called him and i said is is there anything going on on morris street. he said at 6:25 morris we have somebody stealing power. the next morning they followed them from 625 morris to the vicinity of 292 proceeda. at 10:00 that morning, i saw steve, kat line soliah and josephine coming out of 288. i expected them to come out. that's who we had been surveilling. then i see what i think is bill and emily harris walk down the same set of steps. they were literally 20 feet away from us. we weren't even breathing inside that place. because this is supposed to be unoccupied camper. i took a load of laundry down to the laundromat that was located around the corner from proceeda i was this there doing laundry and i notice a guy come in the laundromat dressed in a suit. this was a totally working class neighborhood. a lot of latino

tom: daniel morris, thank you for being with us during this hour. much more coming up. speaking of economics, michael.ny appl somebody changes at the federal reserve system. michael mckee with neel kashkari on chairman powell. stay with us from london, from new york this morning. this is bloomberg. ♪ francine: this is bloomberg surveillance and i am taylor riggs. the bloomberg business flash. in the u.k., lloyds says it will invest $2.5 billion in technology and the biggest mortgage lender will buy back $1.5 million of its own shares. fourth-quarter profits fell 20%. glencore is reporting record annual profit thanks to the marketing business and metals and mining trading. they will pay $2.9 million of dividends this year, well above the minimum a pledge. glencore cut net debt by 1/3. for the first time, apple may purchase cobalt directly from miners. it is a key ingredient used in smart phones and other devices. they are concerned there could be a shortage because of the boom of electric vehicles. that's your bloomberg business flash. tom: thank you, taylor. we will speak with our kevin cirilli in ou

brand, michael kors, and mattel even bigger declines, hanes down 8.5% goodyear down more than 6%, and mattel down 5% there are some winners cody, viacom, cardinal health, and fipp philip morrishigher by 19%, and philip morris, more than 2%. over to you. >> thank you >> investors overall still trying to make sense of what is moving these volatile markets. it seems like everybody has an answer, ight is it the sudden move in interest rates is it traders playing with dangerously leveraged products forcing selling. is it that stocks are a bubble and should never have been this high in the first place. lots of questions. let's see what pisani and santoli has to say about it. bob, you know what i mean. everyone has an answer >> yeah. so let's go back to when did this start this started on friday, remember, the jobs report. all of a sudden, wage growth, 2.9%, best since 2009, and we got yields move higher, and the market gap down. we were down almost 50 points that day i'll go back to the fundamentals that was the fundmeamental trigger. after that, a stew of various programs that started moving around in the market the big was the unwinding of the short volatility, long stock trade