. >>> coming up, oil soaring. the deal has the short seller andrew left on the wrong side of that trade. and some others as well. he'll be here to explain what he got wrong and why he might ultimately be correct. and moments ago, big automaticman sold all of his shares of valeant. ♪ oh! the things you say ♪ ♪ oh♪ ♪ ♪ ♪ you're unbelievab♪e ♪ you're unbelievab♪e >>> some shocking developments. ackman, the biggest champion, has sold out. that was about 27.2 million shares, he says at about $11 a share. you see val dlaenlt down. he had gotten into it before the big decline began. he really stuck with it saying he could fix the company. now folks i'm talking with saying clearly getting out of position out in, not looking like a vote of confidence. however, they just put out voting saying that ackman and steve won't stand for re-election, saying they still have faith in joe papa. but clearly some bad news coming in the after hours. >> all right. thank you very much. certainly a blow for bill ackman. maybe not a complete

stepped in and stabilized the country, and he rode the wave of ever rising oil prices, which translated into rising wages and soaringtopped. oil prices slumped. and soon after came western economic sanctions. vladimir putin had navigated hard times well. he had slashed social spending, implemented an austerity program. allowed the ruble to fall and the bank kept it in check. >> the it's an amazing transformation. >> add to the economics, putin's secret sauce, nationalism. and it surged in 2014 after an invasion that shocked the world. >> bigger nations must not be able to bully the small. >> vladimir putin grabbed a piece of ukraine for russia. >> that's the kind of thing adolf hitler did in the 1930s. >> it looked different through russian eyes. >> i have never met a russian that accepted ukraine as a totally separate state. >> many ukrainians deeply resented the invasion. ♪ but not russians. they see it as a revival of a deep sense of power and national destiny. >> putin has given them their pride back. russia is once again a great power. >> putinism is an ideology of social conservatism of anti-westernism, but ab

stepped in and stabilized the country, and he rode the wave of ever rising oil prices, which translated into rising wages and soarings slumped. and soon after came western economic sanctions. vladimir putin had navigated hard times well. he had slashed social spending, implemented an austerity program. allowed the ruble to fall and the bank kept it in check. >> the outward seeming ethic of wealth looks closer to dubai >> add to the economics, putin's secret sauce, nationalism. it surged in 2014 after an invasion that shocked the world. >> bigger nations must not be allowed to bully the small. >> vladmir putin grabbed a piece of ukraine for russia. the west was horrified. >> that's the sort of thing that hitler did in the 1930s. we thought those days were gone. >> it all looked very different through russian eyes. >> i have never met a russian who accepted the notion of ukraine as a totally separate state. >> this resented it not russians. they see it as a revival of deep sense of power and national destiny. >> putin has given them their pride back. russia is once again a great power. pew above all of national power.

anna: oil takes center stage as the pricedata sent soaring. wti trades above $48. and countering a boost in output from saudi arabia. oour -- ourw, guest. let's talk about the fed via oil. let's start with the overnight news. things seemed pretty call him, a lack of volatility. and then oil more than four times more volatile than the stocks. this is something that comes back to haunt central banks globally, do we have any stability? has been in a range for some time. if we are thinking about the long-term fluctuations. ago, $150 aat long barrel and movements in the range of 40 to 55. not that great in historical context. the price of oil is a balancing thatetween huge concepts have to fluctuate very much to make good difference, the concepts being the global supply of oil and the global demand for oil. those things in my judgment have not really moved rematch, certainly not in the last couple of days. manus: good morning. when we talk about the supply-side we have been covering opec and the rhetoric is that they have a six-month deal, opec and non-opec. do think to

slumping oil prices and a soaring deficit.at piece on the bloomberg on the scottish referendum this morning. we going to get reaction from the middle east. let's talk commodities. iron ore in chinese trading. we will talk about what that means for your money. all of that is coming up. interesting morning in new york as we react to what we saw yesterday. this is bloomberg. ♪ ♪ >> welcome back to "bloomberg markets." take a look at equities. we are down across the board. the indexes are losing about 0.5%. culprits are financials. following down the financials trade we saw yesterday in the u.s. yesterday had a drop of more than 1% in the s&p for the first time in 110 sessions. i keep repeating this. i think it is key. the biggest drop on the s&p 500 index since october 11. financials were down about 2.5%, leading the way. let's take a look at what is going on with your mid-cap movers. nejra: i'm starting with a stock that has dropped the most on record in this session. they designed and manufactured security software. the clientf

soared. and even oil was higher. so if yellen is correct and everything is awesome, what do you buy? >> stay with it. we said it for a while. the vix continues to trade lower. the people have said, why bother with it's insure. they are all saying it correctly, people are foregoing that. but i think everything is intact. the banks didn't trade well today and i think that's a one day thing. i think health care works here. i think the steel stocks work. the infrastructure plays. although banks were down today, i think it will be a one day phenomen phenomenon. you a those things, oil, emerging markets, trans ports, credit. we talked about high yield. all of these things, which over the last three days have put in a bounce at least a very, very important support level. now these are trades that continue. em is at 18-month highs. people thought wasn't going to get through post election. >> was today's sessions a turning point? >> people believe there is some synchronized global growth. in the case of emerging markets, a softer fed will always work and i think in terms of credit, a softer f

stabilized the country, and he rode the wave of ever rising oil prices, which in russia's resource-rich economy, translated into rising wages and soaring slumped. and soon after came western economic sanctions. vladimir putin has navigated hard times well. vladimir putin had navigated hard times well. he had slashed social spending, implemented an austerity program. allowed the ruble to fall and the bank kept it in check. pint is a fiscal conservative. >> the outward seeming ethic of wealth looks closer to dubai it's an amazing transformation. >> add to the economics, putin's secret sauce, nationalism. and it surged in 2014 after an invasion that shocked the world. >> bigger nations must not be able to bully the small. >> vladimir putin grabbed a piece of ukraine for russia. the west was horrified. >> that's the kind of thing adolf hitler did in the 1930s. thought those days were gone. >> it looked different through russian eyes. >> i have never met a russian that accepted ukraine as a totally separate state. >> many ukrainians deeply resented the invasion. ♪ but not russians. they see it as a revival of a deep sense of power and natio

. ♪ scarlet: bond yields soared and crude oil dipped below $50. don't miss this.orrow and it comes out at 8:30 a.m. eastern. we have nonfarm payrolls, economists looking for 200,000 added. joe: the unemployment rate is expected to take lower to 4.7% from 4.8%. elusive earnings growth, wage growth, that is what everyone is looking for. in january, we had a read of 24 -- 2.5%. >> let's start with a check of your first word news. the u.s. has asked nations fighting islamic state to meet in washington. officials say the plan is to plan the next move as the military loses ground in iraq and syria. it will be led by secretary of state rex tillerson. washington state is asking to extend a restraining order first travel ban. hawaii filed suit on wednesday. the president's band could derail america's 2026 world cup dreams. the u.s. is considered the favorite to stage the most-watched event that your. says the travel policy is incompatible with regulations for those tournament hosts. epa chief scott pruitt says he does not believe carbon dioxide is a primary contributor to

soared. and even oil was higher. so if yellen is correct and everything is awesome, what do you buy?hile. the vix continues to trade lower. the people have said, why bother with it's insure. they are all saying it correctly, people are foregoing that. but i think everything is intact

soared 74% to $41.22 on the trading session. >>> international drilling contractor said it signed a letter of intent with rival transtoegs aqueer 15 oil rigs. there are five under construction. >> dominion diamonds said it has turned down the offer from february from private washington companies. the canadian miner said they didn't interrogatory full value of the company about that it was prepared to engage in further discussions. washington companies owns industrial business. dominion diamond shares popped to $12.20. >>> the watch maker had a quarterly profit while forecasting the year ahead. they said that move along with cost saving nerve i have th. >>> and sprouts farmers market has been involved in preliminary talks with supermarket operator albertson's regarding a potential merge per would take sprouts private. albertsons is owns by capital management. shares of sprouts fell a fraction. >>> a key executive is leaving uber after just six months on the job. jeff jones who was president of the fast hailing company said that his approach to leadership is inconsistent with what he saw at uber. this is just the latest in the string of

oil. >> what does texas have to do with it? >> they do everything bigger in texas. >> shares, disney shairs. something bob iger just said could have the stocks soaringritical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley he did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. . >> welcome back. disney holding its annual shareholder meeting today. hey, julia. >> all of disney' proposals were approved as expected. bob iger laid out the company's success under his tenure and his optimism for all divisions, even espn. which he says is getting ready to launch a direct on consumer streaming service. the big question han

soaring and that is all you can see. a 10 year chart, you can see three of seen australian bond yields down play -- is he on down as well. also oil, gold, equities. game on across asia. live from yeldon at the top of the hour -- london at the top of the hour, this is bloomberg. caroline: this is "bloomberg technology", i'm caroline hyde. dropbox,quare, virginity -- the muslim ban sets to go into effect thursday being challenged in the court in seattle. , maryland, hawaii. phone, you'rethe getting breaking news that a geoeye yards will issue a trump travel ban ruling later today. k bring us up to speed? last 90 minutes or so, the state of hawaii and the justices department argued all -- whether the president's claims during his campaigns call for a nationwide muslim ban and earnestly -- registry. it claims for dissemination in this case. the plaintiffs have argued that as this -- the intent is still inspiratory. discriminatory. was an individual citizen campaigning for president, now imposing and policy invented by people who had nothing to do with that campaign. did not make any discriminatory comments in their past. note discrim

oil as they enter the final stages of preparation that will finally put this into service. according to data released by the conference board, in march consumer confidence quote soared to his highest level in 16 ye s years. from individual announcements from both consumer, it's clear that the president's economic agenda is what american's businesses have been waiting for. these businesses spent years being held back by unnecessary bureaucratic red tape. lastly, i want to make a comment on a false report regarding former acting attorney general sally yates. as a matter of fact, i'd like to walk you through the sequence of events just to make sure that everyone is a -- on march 14th chairman nunes invited sally yates to testify on march 28th. on march 23nd sally yates attorney sent a letter to the department of justice asking for their consent to testify without constraints o. march 24th the department of justice responded that the president owns those privileges to discuss the communications they were requesting to talk about and referred them to the white house. also on the 24th ms. yates attorney sent a letter to the white house counsel requesting that consent specificall

oil as they enter the final stages of preparation that will finally put this into service. according to data released by the conference board in march consumer confidence, quote, soared to its highest level in 16 years and from individual announcements to significant boost in both consumer and ceo confidence generally it's clear that president's economic agenda is what america's businesses have been waiting for. these businesses have spent years being held back by unnecessary bureaucratic red tape and what we're seeing now is the taste of the heights our economy can reach once those burdens are removed. and lastly, i want to make a comment on a false report regarding former acting attorney general sally yates. as a matter of fact, i would like to walk you through the sequence of events just to make sure everyone is abundantly clear on what happened. on march 14th, chairman nunez and ranking member schiff invited sally yaitss to testify on march 28th. on march 23rd yates' attorney sent a letter to the department of justice asking for their consent to testify without constraints. march 24th the department of justice responded the president owns those privileges to discuss the

filled with oil as they enter the final station stages of preparation that will finally put this into service. according to data released by the conference board, in march, consumer confidence soared to its highest level in 16 years. and from individual announcements to the significant boost in both consumer and ceo confidence generally, it is clear the president's economic agenda is what america's businesses have been waiting for. these businesses have spent years being held back by unnecessary bureaucratic red tape and what we are seeing now is just a taste of the heights though economy can reach once the burdens are removed. lastly, i want to make a comment on a false report regarding former acting attorney sally yates. as a matter of fact, i would like to walk you through the sequence of events to make sure everyone is abundantly clear on what happened. march 14th, chairman nunes and reiki membership invited sally yates to testify on march 28th it on march 23rd, sally yates attorney sent a letter to the department of justice asking for their consent to testify without restraint peer march 24th, the department of justice said they could only discuss those issues they were autho

soaring after beating estimates for earnings and revenue, also rh giving positive guidance for the current quarter sending that stock up by 16%. the oilay. to jackie deangelis for the commodity desk. >>> good afternoon. you can see that prices are strengthening going into the close here more than 2% pop today. $49.50 is where we were just trading. a couple of reasons here. we have a smaller build than expected in the d.o.e. report and a large draw in gasoline. these are seasonal trends that are starting to pan out so the market is getting more confident that we're heading into that boosted summer driving season. also you had rumors again that opec will extend the cuts, that it has to if it wants to keep the prices supported. and some production problems in libya. traders telling me that the technical levels that we reached today and broke through are an indication we could break 50 and go substantially higher. back to you. >> jackie, thank you very much. time for the powerhouse. each week we take you inside the homes of celebrities, sports figures and ceos. with the start of baseball season just a few days away we have a look inside t

with oil as they entered the final station -- stages of preparation that will finally put this in the service. according to data released by the conference board in march consumer confidence soared highest level in 16 years and from individual announcements a significant boost in consumer and ceo confidence generally it is clear the economic agenda is what makes america business wave four. they've spent years being held back by unnecessary bureaucratic red tape and what we see now is a taste of the hype their economy could reach once is earnings are removed. lastly, i want to make a comment on a false report regarding former acting attorney general sally yates. i would like to walk you through the sequence of events to make sure everyone's abundantly clear on what happened. march 14th, chairman devin nunes invited sally gates to testify march 20 testify march 28. on march 23rd of the sally gates sent a letter to the department of justice asking for their consent to testify without rants. on march 24th, the department of justice responded the president knows those privileges to discuss communications a request to talk about and referred them to the white house. in the 24th in att