oliver: welcome to "bloomberg businessweek." i am oliver renick. we are coming to you from inside the magazine's headquarters in new york. managing threats from north korea, and how smugglers are bringing gold into miami and how technology is changing big tobacco into looking more like silicon valley. all of that ahead on "bloomberg businessweek". ♪ carol: we are here with editor in chief megan murphy. in global economics, you look at the strain between china and south korea. megan: this, comes from south korea's cooperation with the u.s. building the thaad, a shield designed to prevent a north korean missile attack. china, who is sensitive about border issues, sees it as a security threat and has urged its population to stop traveling to korea. for some areas, that was a huge part of their markets and is having a devastating effect on tourism and business is hit by china's approach. oliver: tell us about that tourism. there are some interesting examples of what chinese tourists do in korea. megan: it is a strange market where people go, karaoke, s

oliver: i am oliver renick. carol: one day trader who loves wearing a wire for the fbi. oliver: dilbert's creator has strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the south. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. you look at china, specifically an economist who is trying to shut light on the chinese economy. megan: this is a story about an economist who ran into trouble with the authorities and 2012 because he did a study on inequality and found that was higher than economists had forecast and was visited by several members of the administration at the time. what he is trying to do is do this complicated survey of china's wealth, and particularly china's people's wealth. whether they have real estate, what their farms are like, what the agricultural productivity is like in order to generate wealth. in china, a huge swath of the country is agrarian and has not caught up with that developme

oliver: i am oliver renick. carol: trumpforce one ready for takeoff. domino's does some soul-searching and comes up with a new recipe for success. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor- in-chief of bloomberg businessweek, megan murphy. you guys look at korea. there is a lot going on in south and north korea. megan: we have seen the ouster of the first female president, president park. we have seen a corruption scandal, particularly samsung electronics. in north korea, we've face a new wave of concern in terms of what will happen to them internationally, what their places with china flexing their muscles. with that this nuclear threat and with this playing out with the new trump administration, it is all eyes on china and the u.s. and how they will grapple with the north korean threat moving forward. oliver: it is interesting that one piece of this puzzle that is coming undone is the stability in south korea. you talk about the ouster of the president. that is a regio

oliver: i am oliver renick.arol: can a ceo lead the u.s. state department? the odds for and against rex tillerson's success. and how did one of the most liberal and welcoming places in europe become a hotbed for anti-globalization? oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor-in-chief megan murphy. you take a look at rex tillerson. can a ceo do the job? megan: what it is talking about is he is facing a different set of challenges. he is facing a state department that was upended. he was cut out of the loop on a travel ban for people from seven predominantly muslim countries. it is an unprecedented situation. so while he is bringing in ceo management techniques, his reception in foggy bottom has been quite positive. the challenge is not what we would expect it. the challenge is getting traction in the administration for a type of leadership style and development of america's foreign-policy. he is still building out his own structure and face time within the administration.

oliver: it will, it is simple math.mething is coming in and has a tax on it, that jacket is going to cost more. >> here is the trick of the whole thing, this theory that says if you do this the dollar will appreciate over time certainly but it will appreciate. -- that willset increase of the buying power of u.s. consumers and will offset all the ups and downs and even things out. that is going to take years. oliver: and also took away what the exporters will make? >> it will disadvantage the competitiveness of u.s. goods overseas if the dollar is stronger but this idea that the dollar is going to rise and everything is going to be even, that is. economic data. this has never been done. this has never been done in a real world. we talked to midsize companies that import luggage, they import a lot of their companies -- materials overseas the -- they say i will have to spend years banging on my suppliers to get them to lower their cost. i do not see an advantage of a stronger dollar and if i would it would be years and i w

oliver: and i'm oliver renick.nced that an israelirchase -- auto company, being purchased in a $15 billion deal. cory johnson asked brian krzanich why he wanted to do this now. brian: we think that combining allows us to have a singular platform, end to end, for our customers. more importantly, as you take a isk at where the driving going, they are working today on the 2021 models. you have to make a deal, you have to build your platform today in order to be there when the models are really going to start hitting the road. what has the intel approach been? how might a change? in a: we are already number of autonomous vehicles out there today. this really brings the best of both ends of the computing spectrum for driving together. think about it this way, the car will have two brains. one is a vision brain that is going to take the radar, the cameras, combining them to build a view of the world. there is another brain that intel currently plays in that will take that information and basically drive the car. this put

oliver: this is bloomberg markets. him are -- oliver. scarlet: and i'm scarlet fu.is on negotiations between eu and the u.k., how long will it take? we asked the chief economist earlier today. we tend to look of probabilities. the negotiators will be long. negotiationsrce may not be finished in the two-year horizon. course, the renegotiating for trade regimes across border that,nt, people, and all that's will take many years. a decade or more. ist's after the divorce complete. all we know is that it is going to be a. of protected uncertainty which can only be bad for the british economy. and to a lesser extent, for the eu. >> what does the landscaper the u.k. economy look like? >> they are out of the single market. we think that is fine. any taxes onrdly manufactured goods. fortunately, it has nothing to do with the status. it is administrated rules, regulations and zero constraints. rules of origin. environmental standards, health and safety standards, human rights standards. you can have zero quotas and is still be able to take the same. >> you begin your academic

oliver?liver: as the debate grows over the republican health care bill blueback finance reporters have been looking at how the gop proposal may give a big boost to the investing community. let's talk about this because obviously they have to fund whatever it is they are going to change in health care. health care had to be funded the first time around. it will come at least to some extent with taxes. >> the obamacare bill and it was passed italy's revenue raisers. one of them was a unique tax, a net investment income tax. it is basically designed to catch as much revenue as it can from investors with this 3.8% tax on anything investors get from capital gains to dividends to royalties to rental income it gets it all. but it is only paid by people of the very top of the economic spectrum. over $200,000 in income. scarlet: what happened this time around with the republican approach? they want to get rid of that income tax and go to the previous system of basically not having it there. they are a

first, oliver knows he doesn't have much time left. second, he's worried about the fate of those cars. >> at one point, he said, "thank god for you. thank god for you." and i think he was so worried about what would happen to his things. >> stuart's no car expert, but he does his homework and confirms that the centerpiece of the whole collection is indeed those cords from the 1930s, the ones he remembers from his high school road trip. what did the last cord sell for? >> i'm not sure, but maybe not more than 400 of these or 500 of these were ever made. >> best-case scenario. >> i'm thinking best-case scenario, restored, is probably $300,000, $350,000 maybe. >> thoughts like that lead stuart down a road that will take him more than a decade to travel and cost him plenty. just for starters, he lays out tens of thousands of dollars to ship in secure containers and build a steel storage building to house the most prized cars. >> it's his life's work, but also if these things are so valuable, why are they just rotting away here, you know? a

this is bloomberg. ♪ oliver: i am oliver renick. i am scarlet fu.bloomberg markets." ♪ oliver: we are live from bloomberg world headquarters in new york for the next hour plus covering stories in moscow, washington, and paris. here are the top stories around the world. a pretty quiet day for u.s. markets with health care stocks posting the egg if losses in the s&p 500. we will talk about carl icahn emerging in the trump administration. his influence could shape regulations and policies that could impact of the portfolio. is proposingmp historic budget cuts. we will have reaction from the former cia director leon panetta. let's get a check on the markets with julie hyman. more of a downturn now than earlier. scarlet called a dovish raise for interest rates. we are seeing a little more movement. a pause than like anything else. take a look. health care is one of the underperformers and concerns we have seenget treasury rates go higher. financials in today's section -- session. a day after the fed raises rates. yesterday, where we saw yields lower, a r

oliver: it is 3 p.m. in new york and 7 p.m. in london. i'm oliver renick.: and i'm scarlet fu. welcome to bloomberg markets. oliver: we are live at bloomberg world headquarters in new york for the next hour and we will be covering stories of detroit, washington, and athens. here are the top stories we're covering -- one hour left in the trading day and stocks are rebounding. the dow is on track for its first positive close in nine session. in consumer confidence and a day of higher treasury yields. trigger article 50 tomorrow starting britain's divorce from the eu. we will look at whether it is priced into the market. general motors setting itself up with a five for david einhorn, snubbing the proposal to offer a second class in the stocks for the company. abigail: this is a serious case of by the dip. the dow and s&p 500 and nasdaq are all trading slightly higher, on pace for the best day since march 1: being helped by the banks which are rallying in a major way. the dow is on pace for its first update, perhaps snapping a bearish streak there. , on pace fo

oliver: and i'm oliver renick.ocal critics of republican health care plan is representative joe kennedy, carrying on the legacy of his great uncle, ted kennedy. david spoke to him recently and asked what happens next as congress builds up to the key vote. take a listen. kennedy: i don't know if anyone knows if the republicans have the votes for this yet. i know they are confident that they will get them. we'll see. as to my own plans here, i think it's critically important that everyone understand exactly what this bill is going to mean for them and their families before republicans call for a vote on it erie look, david, candidly, there's not a lot of press reports saying that the bill is going to between and modified. only 36 hours notice. i haven't seen text of this bill that we are supposedly voting on , which should give you the biggest pause as wondering whether this is a good bill or not. passing an overhaul to a $3 trillion per your industry on a bill that you don't have the confidence is going to withstand

oliver: this is bloomberg markets. i'm oliver renick. julie: the u.s.dded 235,000 last major piece of economic data. the rate hike is all but certain, but what happens beyond that? is interesting to see how quickly the discussion in the past two weeks have switched from is there going to be a rate hike to how many rate hikes will there be this year? going into that, there were still some possibilities that we have a real clunker that could i do not think anyone today thought that was a plausible scenario. i do not think this affects but what march at all, is it say about the long-term trajectory of the labor market, what is it safe for the median term for the? -- the fed? one interesting fact, labor force for dissipation rate ticking higher, prime age labor force and -- in participation rate. that is ticking higher. arrive,tion that does whether there is more implied slack out there in the labor if they could, the potential for gdp is higher and perhaps the fed will ignore inflation pressure sometime soon. oliver: this is a big element of the conversati

-- oliver? oliver: thanks very much.exican central bank governor telling bloomberg he thinks the peso is undervalued. he spoke with erik schatzker from investment banking conference in acapulco. >> it is something we want to constantly for now until it is best to where it is supposed to be. -- ifs why we have been you take into account our monetary policy actions since december of 2015, we have been acting in a preemptive way. that inflation needs progressing as it should progress giving -- given the shocks that we say -- face, but we must not be complacent, and will be watching this with a lot of care, so that it does not get out of hand. erik: there is a lot of attention on the value of the pace of him to plan you have put in. --in place so far appears to be successful. agustin: yes. erik: it was not so long ago you said the peso at 22 over the dollar was overdone. how would you characterize the current level? agustin: it is much closer to what it is supposed to be. i think it is undervalued. there is still an importan

first, oliver knows he doesn't have much time left.econd, he's worried about the fate of those cars. >> at one point, he said, "thank god for you. thank god for you." and i think he was so worried about what would happen to his >> stuart's no car expert, but he does his homework and confirms that the centerpiece of the whole collection is indeed those cords from the 1930s, the ones he remembers from his high school road trip. what did the last cord sell for? >> i'm not sure, but maybe not more than 400 of these or 500 of these were ever made. >> best-case scenario. >> i'm thinking best-case scenario, restored, is probably $300,000, $350,000 maybe. >> thoughts like that lead stuart down a road that will take him more than a decade to travel and cost him plenty. just for starters, he lays out tens of thousands of dollars to ship in secure containers and build a steel storage building to house the most prized cars. >> it's his life's work, but also if these things are so valuable, why are they just rotting away here, you know? and someone

this is bloomberg. ♪ oliver: i am oliver renick. scarlet: i am scarlet fu.irst app and allowing puerto rico to start negotiating with on holders to reduce $70 billion in debt. kevin is standing by with the governor in san juan. all, the oversight board approves this plan, and now you have to get to work. how are you going to negotiate with bondholders and creditors? the strategy right now is to initiate conversations with this fiscal oversight plan that has been approved by the oversight board. that we can get some title vi arrangement with bondholders. we will pursue that very aggressively in the coming days. >> what is the timeline on these negotiations? >> unfortunately we only have until may 1 until the litigation holds up. we have made a request to extend. it is in the best interest of everybody involved for us to have the opportunity to sit down with bondholders, even though we have some main credits, 19 different credits, so it is quite a task, but we will pursue it aggressively and see if we can find the best alternative and best solutions for bondho

oliver: i'm oliver renick.few blocks may make all the difference in the price you pay for a home in manhattan or brooklyn. our real estate reporter for bloomberg news. you are focused on the tipping point, the amount of time it would take for renting to be equal or higher than the cost of buying a comparable home. tell us what you were surprised to find out. interestingone was because it varied so much by neighborhood. but what it looked at was how many years would it take for the cost of renting, including renters insurance, brokers fees the cost ofexceed buying. they computed this data point and in some neighborhoods like soho, it takes 31 years of renting. you might as well just hang out. just a few blocks to the east, and the east village, it's just under four years. so you see the difference between the neighborhoods and the cost of real estate. oliver: let's take a look at that graphic again because it's really cool. you guys are applying it wonderfully here. you can see the median resale price and right

this is bloomberg. ♪ oliver: this is "bloomberg markets." i am oliver renick.arlet fu. tomorrow in washington, songwriters r arlike beyoncÉ and growtic the -- convd the copyright board to accept rates for streaming. whenever rate they take will last for five years so they have to make their case carefully. >> yeah, when you think about the relationship between the visit industry best music sndustry and the weight -- way you listen to me, you think of the artists themselves -- beyoncÉs, garth brooks. the problem for songwriters is that because of really old legislation, their rates are still set on the government -- by the government. to havetheir one chance a rate that they feel will work for them and give them enough money because streaming services have already taken off the past few years and you can imagine that the next five years it will go from being not just the primary way they make money but the dominant way. streaming services may be 30, 35% of the market in the u.s. when expect that will hit 50% in the next few years. oliver: i also mention it will

oliver: it is 3 p.m. in new york, 7 p.m. in london. to bloomberg markets. ♪ where live and bloomberg world headquarters in new york over the next hour and covering stories that of toronto, washington, and madrid. there are the top stories from the bloomberg and around the world. andhour ago, trading day stocks paring losses with investors. a witty the next move from the trump administration after the health care defeat. there are two to three rate increases that are appropriate this year. and in the ceo talks business with us. we will get an update on the dupont spin off. defying gravity in the last year. his one hour away from the close of trading in a good check on those markets. in your thetocks highs of the session here. you and i have talked about this a lot. from tax form given the failure of health care reform and the repeal of the aca. it looks like at least today, investors are taking a sort of wait-and-see approach. there is not the sort of end of the world feeling in the markets here. the dow is down for the eighth straight

this is bloomberg. ♪ oliver: this is "bloomberg markets." i am oliver renick. scarlet fu. stocks fluctuating after suffering the worst drop since october. miss", good joe weisenthal has been following the action and we were talking about the 10-year yield. over a week and a half ago was 2.6% and now it comes straight down below 2.4% today. we don't know what the direction is. oliver: can i show you my favorite chart, joe? it is my favorite right now. looking at the curve of the treasury -- that is white -- 5 to 30 in blue. isn't that the story of the past week? joe: you have to wonder, if any part of the fed was inclined to tighten, exactly the opposite has happened since the fed decision. not exactly a tightening in any meaningful sense. scarlet: really confirmation for people who are saying the bull market is intact because this is scenario.dip joe: level one is like, is this trump trade and you can feel people wanting it to change and here we are, selloff over. all right, joe, thanks so much. scarlett will talk more with joe on "went to miss -- "what'd you m

oliver: i am oliver renick.eneral motors mobile unit, recordings of people familiar with the matter who say an agreement could be on the table as early as next week. it would create europe's second-largest automaker. both companies are said to be planning on continuing intense negotiations through the weekend with the aim of announcing the deal on monday. what's corp. is drawing bids from apollo global management and kkr, according to people with the knowledge of the manner, who also say that a decision could be made as early as next month. the telecom company said in november it was exploring strategic options. the company has a market value of about $2 billion. amazon says human error at its sweepinginess led to outages on wednesday. it actually switched off more servers than intended, causing errors that cascaded throughout its service, which is used to house data and manage apps and software downloads by nearly 150,000 websites. that is your "bloomberg business flash" update. scarlet: mike mayo has been one

oliver: and oliver renick.g markets. ♪ we are live in new york over the next hour, and we are also covering news out of san francisco, washington, and london. right now, house republicans are not confident they have enough votes to pass their health care bill. from wall street to washington, are covering it from all the angles. let's check out the markets. manys are mixed with watching health care as we await a vote today. and google losing at least $24 billion in value this week as its advertising controversy spreads. we'll have that and more in this week's tech roundup. oliver? scarlet: -- oliver: your top story of the day, house gop leaders are not confident they have enough votes to pass their health care bill. chief whitewith our house correspondent. paul ryan is running back and forth, the ideas they do not have the votes? >> there are more than 30 house republicans who have expressed sentiment that they are not satisfied with the health care bill or endorsed by president trump and house speaker paul ryan

jamil schall, susan oliver, jenna oliver, and jessica davis. jamil's 17-year-old son was viciously murdered by an illegal immigrant gang member who had just been released from prison. jamil junior was an incredible young man with unlimited potential was getting ready to go to college or he would have excelled as a great college quarterback. but, he never got the chance. his father who is in the

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oliver? oliver: after star money manager pimcoross left in 2014, seemed destined to fade from prominence. for more on pimco's new bond star, let's talk with john gittelsohn in los angeles. what has this been achieved and how has he done it? vascyn is now larger than pimco mutual return funds. did year, his fund attack -- attracted more net inflows than any other mac fund -- actively managed fund. he goes for income, which means he invests in depth that provides income -- debt that provides income. he has avoided losses, for example last year going short on duration as interest rates rose. so he has a strategy that worked out, but how does this differ from bill gross, who even though he left years ago, we refer to him as the dominating style, perspective of pimco. don: one is in personal style he one is investments focuses on in his personal funds. he does not have a benchmark for those. he goes anywhere on this. short go long-duration or duration, by foreign currencies, , derivatives, short s

the first question, oliver, we will start with you. what will happen if there is no deal at the end of two years? if we can't agree terms with the other 27 members? well, if there is no deal at the end of two years, then we are out, that is the process we have started today. we have started the countdown timer. and if there is no deal by marge 2019 —— march 2019, the way it is drafted in the eu

(all groan) (oliver) i know, i know. we're all running on empty.ords of advice for the rookies-- suck it up, folks. e.m.s. is overwhelmed, so we're pitching in where we can. and remember, we gotta stay visible so the bad guys know we're out there. this kind of heat, people aren't themselves, but it's our job to keep our cool. that's right. it's a good thing some of us are just born that way. (laughs) all right, people, it's our last shift. ten more hours, and we all get our lives back. till then, they belong to the city. that's right, so serve, protect and whatever. go the hell home. ten more hours? i cannot tell you how much i'm looking forward to peeling off this uniform. and then may i suggest a group bubble bath-- you know, conserve water, save the planet. next couple days, it's just me and my little guy-- whatever he wants. yeah, well, i just can't wait to get a few days away from swarek. he's made me ride shotgun every day this week. you know, everything i do is wrong. it's like he doesn't trust me. you're a great cop. if swarek doesn't trust

the first question, oliver, we will start with you. what will happen if there is no deal at the end of two years? if we can't agree terms with the other 27 members? well, if there is no deal at the end of two years, then we are out, that is the process we have started today. we have started the countdown timer. and if there is no deal by marge 2019 —— march 2019, the way it is drafted in the eu treaties that our connection to europe simply ceases to apply. that is problematic because the connections support things that we are used to doing here in the uk, and it is a scenario that both sides are trying to avoid. all sorts of work will go on to put legislation in place, assuming there is a deal, but working it —— a bit blind because you don't know what that deal is going to look like. there is a lot of work to be done to secure rights of european national is currently in the uk at the moment. that seems to be a priority for the government. notjust that seems to be a priority for the government. not just european nationals here but also

oliver: no domino effect if you're manages to solve it problems. surge of the anti-european sentiment could prove just to be a wobble. brent: what can your employer tell you not to wear at work? that question is connected to one of the most controversial rulings ever handed down by the european court of justice. the court ruled that businesses may bar employees from wearing the headscarf. this is not just about the headscarf. the band says it is legal as long as it applies to all philosophical, religious, political signs without distinction. that includes crucifixes and jewish skullcaps. they say everything does not constitute direct discrimination. this was prompted by the cases of two women in belarus and france. both were fired for refusing to remove their headscarves. today's ruling is the first in connection with wearing headscarves at work. the ruling however is not the final word when it comes to public opinion. tonight, the debate that continues beyond the courtroom. joining us now from london is executive director of the national secular s

oliver: a great question to the president, thanks.carlet: and on this day, ireland's prime minister is speaking here at an exclusive event on bloomberg. let's take a listen right now. >> t was very important in ireland. would you like a cup of tea, do ,ant your team weak or strong do want sugar in your tea? the hands that held these teapots are the same hands that did the roads and the skyscrapers of new york in america. this is been that discussionseries of in washington, and i hope we can make progress in the past two days, and this will work if everyone except that they should cooperate and have an agreement and understanding of how this should work, and we need to follow through diligently with the new illustration. i have the privilege of walking up fifth avenue on the green with the governor and so many others,, so thank you for that. let me say it is always a privilege to come to bloomberg. it is a location of great energy and exuberance, and i have been to the london headquarters a few times, and now they are moving to a brand

i'm meg oliver. have a great day. hing. i'm meg oliver. i'm meg oliver.- captions by vitac -- www.vitac.com i'm kenny choi. >>> it is time to rise and shine! we take a look at the bay bridge this morning. halfway through the workweek. hope you're having a good one of the it is wednesday, march 1. i'm kenny choi. >> i'm michelle griego. you said march 1. what does that mean for you and roberta? >> ready? >> rabbit, rabbit, rabbit. at the start of the new month you get good luck according to my grandmother. >> good luck, everyone. >> i just say happy march 1. >> it's coming in like a lamb maybe leaving as a lion after a lion of a month of february. look at the beautiful reflection of the bay lights off the calm bay waters. and then check out the temperatures. it's cold this morning. it's in the mid-30s in santa rosa, livermore and in redwood city. otherwise, san jose and oakland sporting 40. same in san francisco. temperatures warmer than yesterday, sunny and bright, from the 50s to 64. 65 degrees in the warmest locations. rain is not forecast. we'll -- rai

my only reservation with olive garden is there are no reservations. and while it's true that at one time, i did wear cargo pants to olive garden to take home some of those fabulous rolls, okay, many times. my daughter is now old enough to be embarrassed, so it's no longer part of the game plan. darden gave you a two-fer, deal management sees as adding 20% to 25% per share. some of the worst concepts are starting to vanish. cheddar's got a $13 price point, so it's pretty much in line with olive garden no matter what you order. to me the decision comes on top of the decision by popeye's to sell the added brands. and panera bread is a bargain. they're frugal and they want good taste, but they'll leave the house to chase experiences too. which bring mess to carnival cruise, here we go with ceo arnold donald, the ceo who may be the best turn around artist of our time. and closed up more than half a percent. he remains the steward of what i call one of the most experiential vacations you can get at a very low price, a cruise, again, i rely on my cruise taki

oliver, thank you very much.e will be coming back to you perhaps on the show and on the day, as well. one factor in the dutch election has been turkey's president erdogan and the route over turkey -- turkish ministers addressing political rallies in the country. erdogan repeated his accusation that the netherlands was responsible srebrenica for the srebrenica massacre in the bosnian war in 1995. for the record, that massacre was carried out by serbian forces. >> it was one of the darkest moments in recent european history. the 1995 massacre of srebrenica during the balkan war. they killed 8000 muslim boys and men. peacekeepers on the ground were unable to stop the bloodbath. 8000 deaths, the turkish president erdogan now blames the netherlands. he repeated the accusation on wednesday at a campaign rally in central anatolia. >> the dutch have nothing to do with the civilized world. they have nothing to do with the modern world. they are the one that massacred more than 8000 bosnian muslims in srebrenica in bosnia

i'm oliver renick.bloomberg world headquarters in new york for the next hour, plus we will be covering stories in san francisco, mexico city, and paris. withstocks began a month all three major averages as -- at a record high. the s&p crossed with a 400 for the first time ever. in politics, president trump li na policy last night on everything from health care to immigration. we will hear from the ceo of tyson foods. then, prize-winning economist paul krugman weighed in on last night's speech. he dissects the trump administration's policies on trade, economic growth, and the rise of populism and one hour away from the close of trading. let's look at the details. >> this is the best day we have looked at here on the screen. for the s&p 500 and the nasdaq, the best rally since before the election. all three averages up more than 1%. it is significant because until today, there have been 55 days but aftermate president trump's's last night that reiterated a progrowth stance, and on expectations the fed is

oliver: thank you. president trump has new ammunition.eport says the infrastructure is on the brink of failure. this is bloomberg. ♪ oliver: this is bloomberg markets. >> julie hyman is focused on retail. down, one of is the worst performers of the various etf's that we track. , taylorook within it brands takes the cake and then bank,the owner of jos. a shares down 32% after the company's fourth-quarter results missed estimates and not just missed, but one analyst called the results and to mx, across geographic regions and different the stocks become cheaper trends, but analysts say the company needs to restore said bill -- stability. you also have a grocery store chain, coming out with earnings that is -- missed estimates. initiated a new coverage at guggenheim, to underperform. one of the jewelers, the various the company says it will close as many as 170 ofations and reopen as many those in other places. a little better than estimated as did earnings from sears although that company still embarked on a turnaround in the company had a n

i'm meg oliver. i'm meg oliver.- captions by vitac -- www.vitac.com >>> well, it is a stormy start to march, severe weather is possible in our area honest specially warm day, katie tells us when to expect the weather. >>> this is our vision. this is our mission. but we can only get there together. >>> president trump tries friendly tone in the prime time speech before congress and country, priorities he is laying out and response from democrats and the moment that united both republicans and democrats in applause. >> you have to give the best to survive and my whole street is wrecked. >> reporter: tornadoes leave behind destruction and heart break, places cleaning up this morning. >>> today is wednesday, march 1st, good morning, i'm m

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oliver: we are not making a group: hospitals.ents we think our particular for those companies for the fundamental they are undergoing. but the uncertainty related to obamacare in the disruption is likely -- vonnie: who will be the winners? oliver: you have to look at who is the losers. the losers with a managed-care companies. they went into this business of seeing expansion an opportunity to generate profits. as you have seen over the last year and a half, many managed-care companies are exited obamacare. feweresult you have insurance companies in the market and you have seen premiums rise substantially. as companies that have not done well exited the business because i'm profitability, there is now the potential there tax credits s forhe selection of ahsa' them to turn their business to a profitable opportunity. vonnie: are you less sure now the word then? oliver: it will always depend on the company. we are fundamental-based. in terms of our analysis, we take a thematic approach. last year health care was the worst performing

william oliver, who was on the o.j. simpson case. oliver had no doubt how cory died. >> it's my opinion that she died of the complication of alcohol withdrawal known as acute fatty liver. >> reporter: after a battle of the experts... >> reporter: ...the defense gambles that the most believable witness might be the accused killer himself. >> as i approached the bed, i could... i could see... i could see her hands. i could see... i could see her eyes were open. and she was... she was very pale, and there was just... there was nothing there. cory was dead. that's... that's what i saw. that's what i saw. i told them multiple times that i had nothing to do with cory's death. >> a little bit. >> we've been doing this for two and a half years. >> reporter: and it was remembering the time right after cory died that curtis became most emotional. >> one of our high school classmates who was a pastor, he... he... he's the one that... that... that delivered the eulogy. i wrote it, but i couldn't... couldn't deliver it. >> reporter: all three lov