that's mobile world congress in barcelona. eport from the mobile world congress exhibition. barcelona. and as the mobile phone industry arrives for its annual jamboree, there is the starter in the air. singing the nokia tune. nokia is making a comeback. this was its first chance to make a big splash. and with a range of new smartphones, it brought out something very retro. let me reintroduce the nokia 3310. you cannot do much with this phone except make calls and play a game of snake, but the battery lasts forever. we ask consumers what is the best iconnect device from nokia? we thought, let us have some fun and be creative with this device. this may be fun, but let us face it, it isa gimmick. may be fun, but let us face it, it is a gimmick. if nokia wants to be a major force is a gimmick. if nokia wants to be a majorforce in the is a gimmick. if nokia wants to be a major force in the world again, it will not be because of the 3310, but a new range of android smartphones. this is already selling well in china. but in a market w

rory cellanjones has been finding out at the mobile world congress in barcelona. ome to world business report. i'm sally bundock. in a minute we'll hear more about a tie—up between two huge government backed companies. but first, could india become the engine which drives the global economy? the world's second—most populated country has attracted the attention of companies and governments, all keen to make the most of the opportunities. in a few hours we'll find out exactly how fast the economy is growing as india gives us their first gdp reading since november's radical demonetisation experiment. investors will be comparing it to the 7.3% growth seen in the three months from july to september last year, but economists don't expect the figure to be so high this time around. and that's mainly due to the government's surprise move on november the 8th to replace about 86% of the banknotes in circulation. this has had a huge impact in india, where 9 out of 10 transactions are made in cash. it's one of a number of reforms which are "historic and are bearing fruit," acco

we're live at the mobile world congress in barcelona. the dow is almost exactly unchanged ahead of a big night for the president tonight. laying out his plan for the budget, defense spending, reaching 3% growth, something that has not been done since

we found out what's hot in barcelona live from the mobile world congress and next up we're talking to ceo. >>> shares in u.k. home builder for seminar trading near the top. an increase for 2016. they have pledged to increase its dividends against a back drop of rising demands np company's ceo warns that a shortage of labor could curtail housing building going forward. >> the actual output is probably at the top end of where it's ever been. we're actually building over 150,000 house as year. so we're put in the sites to make sure we can build the demand we're meeting to see. and that other end, we've got issues with training a lot of people. we've got nearly 600 trainees in the business at the moment which is about 13% of the work force, so all the industries trying to respond but that is a pressure on us at this present time. . >> nokia shares have been getting a lift after it announced a range of new smart phones and it's relaunching its old one. they spoke to the hme global group and asked why it decided to bring this handset back. >> fans asking it and me ever thinking whether we d

as we do so, it is the world mobile c0 ng ress as we do so, it is the world mobile congress in barcelonao that in a moment. it is also the final hearing in the impeachment hearing of the south korean president, president park geun hy. she is being charged with accepting vertical favours. —— geun hy. she is being charged with accepting verticalfavours. —— hye. at the very end of the week on friday, nintendo will be launching its new gaming console, p switch and we will be covering that story and others. —— the switch. we will be covering that story and others. -- the switch. article other people are very excited about nokia's comeback. my thought is that nokia's comeback. my thought is that nokia used to be very popular with the generation x. i do not help will fa re the generation x. i do not help will fare with the millennial is, now. the 3310 is creating some excitement, and the game snake is pretty excitement, but i'm not really sure if people will go out to buy just because of really sure if people will go out to buyjust because of that. —— millenials. what about the other launches?

the head of next week's mobile world congress in barcelona have also managed to get a sneak preview ofed device that throws a touch sensitive display on a table or wall. it has all the top seoul touchscreen functionality of a tablet, with your finger‘s decisions being watched by a camera under the projector and a row of infrared sensors at table level to detect when you've actually touched the surface. we are heading towards a world where our devices will be so small that we won't want a screen or a keyboard or any kind of device attached to them and i see this as one of the solutions. you just have a display when you want it on whatever surface is around. very cool, but this week... even that is not the coolest thing i've seen. from blue screen jungles to strange adventures in time, over the past few weeks we've been exploring some of the best visual effects from the past year and this week is no exception. directed by gareth edwards, the visual genius behind monsters and godzilla, rogue one has earned over $1 billion at the box office and has been nominated for an oscar in visual eff

just a quick word about next week's programme, which will be at the mobile world congress, the big phone the show, mainly because we will be repeating what we did in switzerland last year and filming it in 360, although this time will be streaming some of it live and we will show you how we filmed this incredible super slow motion footage. we will give you a clue, the device is very, very mobile! in fact, we will show you exactly what it is and how good it is online on monday. keep your eye on twitter for more details! we can catch up with the latest weather outlook now. good afternoon. quite a variety of differing weather across the united kingdom so far today. we did start pretty cloudy across most areas. prater whether pushing its way up into scotland. a fair amount of rain throughout england. much of it in the west. that should beat out over the west. that should beat out over the next few hours. 0verly thinning, the next few hours. 0verly thinning, the chance of a touch of frost in the chance of a touch of frost in the east of scotland. a band of rain pushing from the of scotland an

it is a great function. , news fromn the show the mobile world congress.nd later another interview with ericsson. the opening is just 20 minutes away. ♪ ♪ 15 minutes until the catch let's get you caught up. >> deutsche bank has cut its -- by almost 80%. chief administrative officer largest lender is reducing the payments with an eye towards shareholders and it will be a frustrating for employees. 5000 positions will get a long-term incentive tied to the banks performance and paid out as long as six years. -- mussina -- merging with egypt's two of asia's biggest technology companies are joining forces. with foxconn. identifyingwill be targets their investors, but not said what areas it will focus on. that is your bloomberg business flash. >> global tech leaders are gathering in barcelona for mobile world congress which kicks off today. the event will host panels on ai, 5g, the future of telecom. caroline hyde is there. she sent by with the guests. -- she is standing by with a guest. i'm joined by ceo of telenor. meetingwith the gsm a yesterday. 5g.e are thi

rory cellan—jones has been finding out at the mobile world congress in barcelona.sts into the deaths of 30 british tourists who were among 38 people murdered in a terror attack in tunisia two years ago will conclude this tuesday. the hearing was told that local policemen did nothing to stop the gunman for at least 25 minutes. daniela relph reports. in front of the parisian families, the inquest has heard the chilling, distressing detail of multiple murder. —— barrack families. here, the gunman is dropped off at the resort. the driver of the car has never been found. under his arm, a parasol hiding his weapon. he walked to the beach where he began to kill, shooting people as they lay on sun lounges. holidaymakers fled in panic, across the sand, vulnerable injust shorts panic, across the sand, vulnerable in just shorts and swimming costu mes. in just shorts and swimming costumes. these are people quite literally running for their lives. there was chaos and confusion. how could this possibly be happening? a gunman, shooting tourist after tourist. from the beach and th

we are going to do that at the mobile world congress in barcelona. be talking to a car company at a mobile convention. ♪ matt: welcome back to the european market open. the mobile world congress is underway in barcelona, an annual gathering of the big movers and shakers in technology. it is not just electronics makers and focus. leaders on the auto industry are also at the event, a man -- cariling the latest in connection technology. caroline hyde by with a guest. caroline? >> this is the chief executive uca.iat, look at a male -- l owned by volkswagen, the german giant. a mobile event. why? >> it makes a lot of sense to be in the mobile and obviously, we are the brand of barcelona, so i think the natural, especially because we are investing a lot in connective cars and you know, the big frames, and we would like to be a front-runner, so i think it is a great fit, and the reaction is very good. luca: i mean, we do not know until the wall thing will developed, but it will be one of the field will be specialized because our customers are very young, ask

. >>> karen is at the world mobile congress in barcelona, the mobile world congress, as it is called. when everybody is loving apple all of a sudden on the back of what warren buffett is doing. you would think it would benefit some suppliers? >> apple has become the stock to own, but interesting here. the industry is moving so quickly. the internet of things, i want to talk more about the internet of things. that's such a dominant feature of this show. joining me is simon segars. this is the first time we had a chance to catch up since the company has been folded into softbank. how has life changed for you? >> in some ways not at all. still focused on building the devices that will go into the next generation of chips that will power the next smartphones, the next networks and power the iot devices. what's changed is not being a standalone company, i and my team have more time to think about long-term strategy to accelerate the deployment of all the cool stuff. >> you have a whole bunch of companies coming up with devices connected to 4g, but the future is 5g. so what do you put into

jon fortt in barcelona at the mobile world congress.want to check on markets at this hour, because we are looking at another day of intraday record highs. the dow's flipping between negative and positive here. a few standouts in the dow -- caterpillar's the best performer, chevron and boeing also doing quite well. carl mentioned, you've got that infrastructure play on caterpillar, the defense spending play on boeing. energy stocks are the best performer in the s&p right now. that's the strength in chevron. you're also seeing some strength in real estate and in materials when it comes to the s&p 500. carl, 12 days in a row, if the dow closed at a record high, would be the longest streak since 1987. amazing resilience. the gains are becoming smaller, but it doesn't take much to get to a new record. >> yeah. let's hope the comparisons to '87 stop there. that's the joke. >> remember what happened there. >>> when we come back, why warren buffett is a fan of apple and tim cook in his own words. the countdown to snap's ipo later this week. and

ahead of next week's mobile world congress in barcelona, i've also managed to get a sneak preview of kind of. it's the latest version of sony's xperia projector. it's an android—based device that throws a touch sensitive display onto a table or a wall. it has all the touchscreen functionality of a tablet, including pinch and zoom, with your finger‘s positions being watched by a camera under the projector and a row of infrared sensors at table level to detect when you've actually touched the surface. we are heading towards a world where our devices will be so small that we won't want a screen or a keyboard or any kind of input device attached to them and i see this as one of the solutions. you just have a display when you want it, on whatever surface is around. that's it for the shortcut of click this week. full version of the iplayer right now and we also live on twitter. thanks for watching and see you soon. “— on twitter. thanks for watching and see you soon. —— the full version is on iplayer. hello there and welcome to newswatch with me, samira ahmed. on this programme, is bbc new

. >> this week as the technology world gathers here in barcelona for mobile world congress, it fees like rebelieve year. the world's biggest themes. and not the menning apps. and second, faster 5 g networks. now just two years away. sitting at the intersection of those two are netflix. the ceo talking here about adjustments they're. >> we're big believers? streaming from the internet. sometimes our out of arrange, on the subway. even mobile band which is very expensive. so downloading, airplane is another great scenario where it is great to download something. >> virtual resalt here too. it doesn't have the buzz it once definitely it doesn't help samsung having an offyear. instead of usual presentation sunday to launch a new phone, it showed off a tablet and a pc. >> let's face it. this isn't what we've come to expect. the biggest tv maker in the world. obviously, in the beginning, they apologized for laugh year's phone. and the end where they promised it is come this month. it seems everyone views them as a key ingredient to make money. >> you need own content to innovate in the types a

caroline hyde has been over and lending insight to the mobile world congress. >> indeed.ave a candidate who has opened up his biggest lead yet and has begun to narrow the cap. quite he got the third endorsement in less than a week. we have make from jp morgan asset management here and we are french politics looking in theou european universe for signs of nervousness? are we seeing anything else about the future of europe? >> this focuses on the french story and there is a ripple of fact. in a sense, italy has been a lightning rod for a lot of this, but the market focus will intensify and the volatility within will get greater and greater. >> this was something i prepared andier with these stocks this litigious mood with the upside. this is the spread and here we are at the moment. is this the kind of indicator you look at? a europeangested complex is getting ready for the punch up. >> very much so. the markets of sus about this and the levels of volatility go up. it is the french and dutch elections and this is very much a market focus. two things take this, the for refer

they were previewed at the mobile world congress in barcelona.amsung also teased its latest smartphone, expected to be released at the end of next month. that is the bloomberg business flash. the u.k. house of lords starting a detailed examination of theresa may's brexit legislation. a number of amendments expected to be foot forward, including one that would give parliament the final vote on the deal. sterling down against all its major peers after a report said may's office is preparing for scotland to call for another independence referendum. with me, holger schmieding, chief executive at berenberg, and franc francesco papadia. do you think the house of lords can put a spanner in the works for theresa may? francesco: it is very difficult. i'm no constitutional expert and i know the position of the house of lords is peculiar. powers that are difficult to use because they are not elected and there is a referendum and a common vote that has already gone in some direction. on the other hand i understand that in the country, there may be a wish not

a rebooted version is set to be unveiled at the mobile world congress.rding to reports, the new ,ne will cost just 59 euros still no word if it will have the game snake. genie: i have one of those. i don't know if i will traded for my smartphone. bryan: mine would get lost immediately. [laughter] genie: thank you so much for that look at the business news. it is now time for the press review. taking a look at what the papers are saying today. let's start stateside where the result much focus on the resignation of michael flynn as national security adviser to donald trump. >> according to "the washington post," trump is hoping flynn's resignation will put an end to the scandal, but the "post" says this is just the beginning. the cloud ofarkens russia that hangs over the trump administration. lots of papers agree with this. says thererk times" are a lot of unanswered questions over who knew what and when within the trump administration. there are a lot of missing pieces in the story. apparently, michael flynn was not the only one from team trump who has be

elsewhere in the world, samsung is making sure not to be outdone by the competition at barcelona's mobile world congress. they had previously said they would not unveil the galaxy s8 at the event but teased audiences with a video of the upcoming device and set a march 29th date for an event to unveil the product in new york city. >>> elsewhere, takata could be reversing course and setting up a compensation fund for victims who may have experienced injury due to faulty air bags. this is a report in the "wall street journal" coming as japan japan's takata gets ready to plead guilty to criminal conduct in a detroit court. >> thanks so much for an update, appreciate it. >>> still ahead, jimmy kimmel rounds up oscar nominees for a special edition of "mean tweets." plus how chance the rapper got his fans to get out to the movies this weekend. besides vid. every day is a gift. especially for people with heart failure. but today there's entresto... a breakthrough medicine that can help make more tomorrows possible. tomorrow, i want to see teddy bait his first hook. in the largest heart failure study ever, entre

rory cellan—jones sent us this report from the mobile world congress exhibition. it's back.okia brand. but if nokia is to make a huge comeback, it's not going to be this that's going to do it. it's going to be a smartphone called the nokia 6 and with me is the chief executive of hmd which is bringing back the two brands. is it that's the future or is it that? it is absolutely our smartphone is the future. this is where we are putting our efforts and we are thriving together with our partners. it's not that small. there are people who like to use this instead of smartphone. it's always going down slowly, and that's why we are focussing on smartphones. there was a lot of affection for that, though, was there? for sure, there isa though, was there? for sure, there is a lot of interest and a lot of media and that's serving, this announcement that now we are trying the next chapter of nokia. isn't the danger that you're sending out a nostalgic one about an old phone rather than a future phone? this is fun and entertaining. this is making a clear statement. nokia, this is our stor

the company unveiled three new smartphones in barcelona last night, before the start of mobile world congresst got the most attention. our technology correspondent rory cellan—jones sent this report. barcelona and, as as the mobile phone industry arrives for its annual jamboree, there is nostalgia in the air. facing the nokia theme. nokia, a name that used the rule the mobile world is making a comeback. for the finnish firm which licensed the brand, this was its first chance to make a big splash and, along with a range of new smartphones, it unveiled something very retro, last on sale in 2005. let me reintroduce the iconic nokia 3310. you can't do much with this phone except make calls and play a game of snake, but the battery last forever — well, almost. we were listening to our consumers. we asked, "what is the most iconic device you have seen from nokia?" we thought, why not? let's have some fun and we created this device for the consumers. now this may be fun, but let's face it, it is a bit of a gimmick if nokia is to become a majorforce in the mobile world again, it won't through the 331

the so-called dumb phones at the mobile world congress in barcelona sunday.n the phone first launched in september 2000, it could only take calls and send a text. at about 50-bucks a pop the new version is still just as simple, but includes a few tweaks. the phone comes in cool bright colors, weighs less, features a color screen, camera, and the ability to surf the web. dry weather will return by tomorrow for our entire area. dry conditions will then persist through the end of the work week, along with a warming trend. a system moving into the pacific northwest this upcoming weekend may produce light rain especially on sunday. toss gary sports the warriors in philly kevin hart... in attendance2nd quarterklay thompson 3- pointer 37-31 warriors3rd quartergreen steals and pass ahead to kevin durant for the dunk 69-59 warriors3rd quarter durant baseline drive and throws it over the backboard for the score 86-75 warriors 4th quartergreen another steal and pass to thompson 3- pointer 96-85 warriorslater in the 4thsteph curry who was a career-worst 0-11 for three..

they were previewed at the mobile world congress in barcelona.se of its latest smartphone, now expected to reveal on march 29. a south korean constitutional court holds its final hearing on the impeachment of president park. she was suspended over a scandal involving undue influence involving a confidant and some of korea's biggest companies. the court will rule on the legality of her impeachment. the prime minister has ejected calls to extend the investigation. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. i am rosalind chin. i am haidi lun in sydney. this is "bloomberg markets: asia" let's get the latest on the markets with the sophie. a tap the day when it comes to trading in a ship. sophie: that is the case. we do have japanese shares leading the drop in asia, the nikkei 225 lower by over 1%. are seeing diversion paths for auto stocks, mitsubishi motors over 2.5%, while gives us a is falling over 3.5%. .1%, athe kospi lower by seeingr of hanjin's progress. the comp

we're live at the mobile world congress in barcelona. the dow is almost exactly unchanged ahead of a big night for the president tonight. laying out his plan for the budget, defense spending, reaching 3% growth, something that has not been done since before the recession. good morning. >> when you say all of that there is a real legislative log jam building here. you get a sense from the president that he is really wrestling with some of the grim realities of governing in a town that is so deeply divided. here is what he said about his spending initiatives. >> i think the money will come from a revved up economy. you look at the numbers we're doing, we're gdp of a little more than 1%. if i can get that up to 3% or maybe more, we have a whole different ball game. it's a whole different ball game, and that's what we're looking to do. >> he also expressed frustration with the complexity of health care reform. here is what he said. >> health care is a very complex subject. if you do it, it affected nine different things, do that it is affect

the mobile world's largest event, mobile world congress, under way in barcelona.s us now with a special guest. jon? >> thanks, david. yeah, steve mollenkopf, ceo of qualcomm, thanks for joining us once again. >> thanks, jon. >> i want to key off on something the president was touching a few minutes ago. has the case for globalization changed in this new era where we've got nationalist movements across europe, and some would say in the u.s. as well? >> well, i think for our business, the answer would be no. we are, i think, integral to a global supply chain that supports electronics, actually quite good for america in terms if you look at a company like qualcomm, we're a big exporter. we essentially have tremendous revenue offshore and large employment onshore. so, it's -- and i think it's very difficult to make big changes in that. i also think stability or success in american business or overseas success in american business i think is a great stabilizing force for the country as a whole, and we think we have a role to play there. >> now, we're finally getting a

the announcement was made at the mobile world congress tech show in barcelona. hertfordshire, that do not feature its distinctive branding, prompting accusations of deception. but waterstones' chief executive, james daunt, has defended the move, saying he wanted the shops to have a more independent feel. a quick look at markets. the ftse 100 doing well. quite positive despite big falls with direct line insurance down despite the shake—up by the government to premiums and shares at the london stock exchange are down. that's it from me. i will be back in an hour with more business news. environmental campaigners say household recycling levels are too low in england because council schemes are too confusing. keep britain tidy says at least 300 systems are in use and government figures show one council's recycling rate is just 15%. dianne oxberry reports. keep britain tidy says there are over 300 systems for collecting household waste and says people are confused as to what they can and can't recycle. the pressure group wants the government to impose a blueprint for

. >> oh, i think -- you know, in the next three weeks we have the barcelona mobile world congress.eople are going to be able to show their mission critical pushed to talk technology which is going to make everything we know and everything motorola knees as profit look like a dinosaur in only 2 1/2 to 3 weeks. >> andrew, appreciate the time as always. >> have a great day. >> all right. do the same. is it t citron's andrew left. >> he's had a big impact today and he's flying against most of wall street with a lot of upgrades that have recently come out but gartner said handsets worldwide, even if you thought that they weren't being gouged, the government, our government in particular, the fact that handset sales are projected to be flat except perhaps in emerging markets, tells you a lot about what the downside potential is for a call like this. no wonder it's trading eight or nine times normal volume. >> the two key words i come away with right now, legacy he uses that in a negative way. and also when he's talking about what he sees about gouging, that is everything that mr. trump,

mobile phones are to everybody, the developing world and the developed world for many reasons, not just your social life, many more important things, there's an article that says ahead of the world mobile congresshnology taking place in barcelona, apple and samsung have come out with anything new, so is there a bit of a slowdown in the pace of technological advances within that small mobile phone frame? i'm not a technology specialist, i don't know what more you could do with a phone, even what more you might want with a phone! there's also been more talk about people being tired with being connected all the time. how people wa nt to connected all the time. how people want to detox or disconnect. connected all the time. how people want to detox or disco is act. i connected all the time. how people want to detox or disco is onto a = connected all the time. how people want to detox or disco is onto a thing , ,, w mm, m to e—mails on a saturday and to you ails on a saturday and to you don't1 a saturday and to you don't have iturday and to you don't have to ‘day and to you don't have to feel and sunday, you don't have to feel you're connected. just to say apple is expected to launch its new iphone

nokia has launched a comeback bid launching smartphones last night before the start of the mobile world congress for its annual jamboree, there is nostalgia in the air. they sing the nokia ringtone. nokia, a name that used the rule the mobile world, is making a comeback. for the finnish firm which has licensed the brand, this was its first chance to make a big splash and, along with a range of new smartphones, it unveiled something very retro, last on sale in 2005. let me reintroduce the iconic nokia 3310. you can't do much with this phone except make calls and play a game of snake, but the battery lasts forever — well, almost. we were listening to our consumers. we asked, "what is the most iconic device that you have ever seen from nokia?" and we thought, "why not? let's have some fun," and we created this device for the consumers. now this may be fun, but let's face it, it's a bit of a gimmick. if nokia is to become a majorforce in the mobile world again, it won't through the 3310 but for its new range of android smartphones. the company claims this model is already selling well in china, but

the video streaming giant ceo reed hastings delivered the keynote address at the mobile world congressfortt is on the scene for us in barcelona. good evening, john. >> reporter: yeah, good evening is right, bill. it's 9:45 here. reed hastings and netflix aren't names you would typically associate with mobile just a few years ago, but that's changing pretty rapidly especially as in the flex and the whole industry moves further into broadband and wireless. hastings talked here about how the internet has been about finding niche audiences and finding things and gathering them together. netflix has certainly been able to do that, especially as it has expanded internationally. he said it's a goal to make buffering a thing of the past as they work on streaming technology. he also talked about why netflix recently enabled downloading. take a listen. >> we're big believers in streaming and the internet, but sometimes you're out of range or on a subway, you're, you know, somewhere where either mobile band width is very expensive and so downloading is great. >> reporter: he also talked about why

the announcement was made at the mobile world congress tech show in barcelona, you could read more onn positive territory holding up just about despite the downward pressure from various falls in share prices. talking up the london stock exchange, the shares in the exchange itself falling more than 2.5% after the merger looks unlikely. insurance companies also taking a hit. direct line down more than 7.5%, they are among the big four lists after the change that will happen to pay—outs for victims. more later this afternoon but back to you. once upon a time, when the idea of taking pictures on your phone seemed laughable, and twitter wasn't even a thing, the nokia 33—10 ruled the world. but when smartphones took over, it quickly fell out of fashion. but now it's making a comeback, and you can still play a game of snake on it, as our technology correspondent rory cellan—jones has been finding out. barcelona, and as the mobile phone industry arrives for its annual jamboree, there is nostalgia in the air. singing the nokia tune. nokia, a name that used to rule the mobile world, is making

there is a new sheriff in town, fcc chairman ajit pai, and caroline hyde is with him at the mobile world congressbarcelona. >> it is sunny barcelona, and i am joined by ajit pai, the new sec chair. wonderful to have you with us. it is the age-old excitement, m&a, particularly the united states. yesterday you said you would not review the at&t-time warner deal now. what lightr view of regulation is? ajit: it is limited to these particular facts. the parties have structured the transaction so they won't come before us, and that's why i said what i did yesterday. we be, the market is expecting it, are we going to see more m&a in 2017? is a humble and boring one, which is to review the papers put before me and look at the facts as presented and make a decision based on the law and precedents established. >> it is interesting that tom wheeler says that the u.s. marketplace, you now say the u.s. marketplace is extremely competitive. could it still be extremely competitive with three providers in the market? in the can't say abstract what the optimal market structure is. is that theay wireless market is

the event that is coming up is mobile world congress beginning on the 27th in barcelona, and to tie thista implied volatility in qorvo is the lowest it's ever been since this company was created. what we want to do is go out to 70ch, short-term trade, buy strike calls out right. you pay about one dollar for those. everything we like doing, you turn around, and you go out to may. put that more0 than funds the call. you have short-term exposure to convexity. you take it vantage of term structure at the same time. abigail: i hope you get to go to barcelona for that conference. lisa, back to you. lisa: thank you so much, abigail. still ahead, the governor of puerto rico will join the show. he's currently in washington. at 10:00 a.m. eastern tomorrow, president trump is due to address see pack. this is bloomberg. ♪ mark: i am mark crumpton. it's time to check first word news. president trump told a group of prominent ceos he plans to put them to work restoring manufacturing jobs. among those at a white house meeting were the chief executives of ge, dupont, and lockheed martin. the president a

world war. when america contributed to mobilize 4 million soldiers and it was a turning point and did so in the back of an engagement with the rest of the world. to the congress as president in january of teen 18. we will engage this is how we want to define the 20th century. the american century. key components are not plan that are as relevant today as they were back then. in particular, article iii for the removal so far as the establishment in the quality of trade conditions among all the nations. free trade he said that for america, the basis upon which america would engage with the world. he went on to talk about freedom and navigation of ac and that's as relevant, particularly in the south china sea at china sea as it was back then and continues to be. the united states saw him up to the platform. the people of the united states signed up to that platform. they said yes, we believe in enterprise. we believe in freedom. we believe in democracy. we believe in transparency. we believe in empowerment of individuals that they can take control of their own lives. america has effectively forged out over the last 100 years they do not provide in order to win o

contributed, mobilized 4 million soldiers for that war, and it was a turning point, they did so on the back of an engagement with the rest of the world. woodrow wilson in a speech to the congressas president in january of 1918 said, this is a 14 point plan upon which we will engage with the world, as america should. this is how we want to define the 20th century. the american century. there were key components in that 14 point plan that are as relevant today as they were back then. i mean, in particular, article iii, where he said the removal so far as possible of all economic barriers and establishment of an equality of trade conditions among all the nations consenting to peace. free trade, he said, good for america, good for the world. and the basis upon which america would engage with the world. he also went on to talk about freedom of navigation of the seas here and that's as relevant today, particularly in the south china sea, as it was back then. and it continues to be. and you know what, the united states signed up for that platform. the people of the united states signed up to the platform. they said yes, we believe in enterprise, we believe in freedom, we believe in d

significant political mobilization to save the affordable care act and it's a bizarre-o world of the tea party. a lot of tactics being adopted, going to congressional members of congress you think that lever still matters? >> i think protest politics matters. we know last week we saw republican lawmakers sneaking out of their own town halls out of the back door because their own constituents were confused about obamacare and the aca because they didn't want obamacare but they do want the aca. these republican lawmakers are trying to explain to their constituents they are going to repeal, repair, replace, whatever, they said they were going to do that during the election season. now constituents are saying no, that would damage my life, don't do that. so they're stuck between a rock and a harder place because even is looking to 2018. we've seen this on the democratic side. but republicans are not as safe as they think that they are, right? and they know their constituents are watching this and this particular behavior and the rhetoric they promised. >> that point you made, you said two things that are key to highlight. they're worried about 2018 and they're not as secu

we'll get a hands—on preview from the mobile world congress the award for best director has gone to damienzelle for the musical, la la land. "city of stars" from the same film has won the oscar for best song. and casey affleck won best actor for "manchester by the sea." just one more award. best picture. the bbc‘s peter bowes is in los angeles. you know everything. tell us. fascinating night. five minutes of the show left to go. we will find out who won best picture. la la land got six, not as many as people predicted. emma stone got best actress, which was expected. casey affleck got best actor for manchester by the sea. the director of la la manchester by the sea. the director of lala land was the youngest ever to get best director. it also picked up to get best director. it also picked up best production design. it has been an interesting night. also diverse. two african american