we are going to learn more about aaron burr from margaret oppenheimer. this is her third book. she has written extensive articles. she has her phd in art history from nyu and she volunteers as a a aa a

and we will take a closer look at the world economy with final gate fromdel oppenheimer.oppenheimer. ♪ matt: from bloomberg world headquarters in midtown manhattan, this is "bloomberg markets." i am matt miller. on world news.e ramy inocencio has more. on the eve of the nevada caucuses, recent polls shows hillary clinton has fallen into a tie with bernie sanders. former president bill clinton is at some last-minute campaign events. meanwhile, in north carolina, donald trump has gone to local primaries. the fight will be between ted cruz, marco rubio, and jeb bush for third place. -- second place. a'sjust as antonin scalia flagged draped casket is at the supreme court as his body is line in repose right now -- s flaggedcalia' draped casket is at the supreme court as his body is lying in repose right now. couch is-- ethan now back in juvenile court after killing four people while drunk driving as a teenager. he fled to mexico and was brought back. he now faces 180 days in jail. and the international space station just got a whole lot tidier. got rid of over one ton of trash

it is my pleasure to introduce margaret oppenheimer. margaret: thank you very much. on wednesday, july third, 1833, a distinguished new yorker and a former mayor of new yorker wrote a note in his diary. the celebrated colonel byrd was married on monday evening. the choice of at because was interesting. not distinguish but celebrated. celebrity have the same connotation it has today. someone who was known to the public but not always with a mixed approval. today, on going to talk about how alive the and aaron became public figures, why they married, and what happened after these celebrities joined hands. ladies first. here, we see allies are -- eliza on your right. she is painted here about a year before her marriage next to a picture of aaron burr six months after the ceremony. betsy in born providence, rhode island in april 1775, 2.5 weeks before the battle of lexington marked the outbreak of the revolutionary war. there was nothing in her beginning to suggest her name would one day be known about america around america. she was born in indescribable poverty. by the

next on american history tv, margaret oppenheimer talks about her book, the remarkable rise of eliza jumel: a story of marriage and money in the early republic. jumelnto poverty, eliza became one of the richest women in 19th-century new york. the author describes her unusual life, including a marriage to vice president aaron burr. the museum of finance hosted this event. >> good afternoon, everybody. there has been a big resurgence in the past year of all things hamilton with the play on broadway going on. we are going to learn more about aaron burr from margaret oppenheimer. this is her third book. she has written extensive articles. she has her phd in art history from nyu and she volunteers as a gym all mentioned in new york. her book will be on sale afterward. it is my pleasure to introduce margaret oppenheimer. [applause] margaret: thank you very much. july 3, age 33, a distinguished new yorker wrote a note in his diary. burr wasrated kernel married to the celebrated mrs. to mouth. -- mrs. jumel. waschoice of adjectives interesting. not distinguished, but celebrated. celebrity ha

who better to talk to than peter oppenheimer? peter, thank you for joining us.that we are heading back to levels or the volatility of like january 4 once again. what have we lost, and about this premium? peter: well, most of the qe premium has disappeared, and europe is a case in point. things are back to where they were. i think the markets are grouped in fear about a global economic situation and the consequences of that, and that is really what is creating this volatility. : yes, but this is against they said.rd the rally lasted two days. our investors putting less faith into central banks in terms of guiding the markets? peter: i think there is more the central banks can do. i think investors are worried that the urgency to do more is just a reflection of the concern about a lack of growth. ultimately, i think growth will be more solid than the markets are currently pricing it at, and opportunities,e but until then, until we really get a stabilization in things like the oil price, in the rate of growth in places like china, people will be unconvinced that it

we are going to learn more about aaron burr from margaret oppenheimer. this is her third book. she has written extensive articles. she has her phd in art history from nyu and she volunteers as a a docent at the mansion in new york. her book will be on sale afterward. it is my pleasure to introduce margaret oppenheimer. [applause] margaret: thank you very much. july 3, age 33, a distinguished new yorker wrote a note in his diary. the celebrated colonel burr was married to the celebrated mrs. jumel. his choice of adjectives was interesting. not distinguished, but celebrated. celebrity had the same connotation it does today. someone who was known to the public but not always with approval. today, i am going to talk about how eliza jumel and aaron burr became public figures, why they married, and what happened after these two celebrities joined hands. ladies first. eliza jumel is on the right. she is painted here one year before her marriage to aaron burr next to a portrait of him painted after the ceremony. eliza jumel was born betsy bowen in providence, rhode island, in 1775. abo

oppenheimer funds cio krishna memani is with us.f you break down the markets, they are having a rough ride. matt, when you look at the u.s. dollar strengthening and oil prices plunging, it seems the only possible catalyst is opec, the ecb, and the fed working together. the block. matt: the looks like the market is trying to spank this out of those groups you just mentioned. -40 on s&p futures. -3.36 on dow futures. japan closed -- hong kong was down big. in europe, we saw bigger moves. 40 in paris, down 4%. the dax down almost 3%. at one point it was almost down 4%. look at eu banks. you knew we had to watch stocks jen earnings. even though earnings grew, they missed estimates. that has been a big concern. european banks have been a concern after deutsche bank. socgen down. hsbc is down four and a half percent. interesting story we will get to about the capitulation of hsbc to investment bankers. freezee saying we will pay raises, then two weeks later say that is not a good idea. they will continue with plan to pay raises. i was goi

now we are going to learn more about aaron burr and we are going to learn it from margaret oppenheimer this is her third book. she's written extensive

the mother of all rallies is coming to an and, so says oppenheimer.ll get our guest host's view. we lost over 2.2% on the dollar. crude is down, oil inventories -- well if there was not enough in the world, there is plenty more in the u.s. the highest inventory since the 1930's. nejra is in the house. nejra: the u.s. dollar is heading for its worst week since 2009, after traders strengthened that's that the federal reserve will hold unchanged because of the weaker global economy. the government debt has sent japan's 10 year bond yield to a record low, and oil has slumped to its weekly decline. president obama is proposing a $10 per barrel tax on oil in his 2017 budget come earmarked for green initiatives. it could be phased in over five years, but it has drawn swift rejection from the oil industry. fromuld require control the republican-controlled congress, which is unlikely. post a second record monthly drop them after policymakers intervened. according to a bloomberg survey of economists, they central-bank to 3.2y that they fell trillion in january.

oppenheimer is downgrading best buy to perform from outperform. it feels that the u.s.onsume every spending is likely to moderate further in the near-term. that's brian neagle there. oppenheimer's best buy down just 2%. in a market that's ripping higher. the dow up 120 points. as you get short covering in general on some of those banks around the world led primarily, carl, from europe. >> yep. oppenheimer cutting not just best buy but bed bath & beyond to perform as they do say macro noise will inhibit consumers from making what they call discretionary purpokrescra purchases. williams freeport has almost a 13% gain year to date. year to date i think four of the top six performers are somehow related to energy. williams, after obviously what happened last year. >> they have been whipsawed. freeport put it in perspective, still down 41% for the last three months. 73% over the last year. we talked about carl icahn, about aig, he's a large holder of freeport, of cheniere, of chesapeake, all of which have been crushed. i think he has board seats on all three as well. but to

oppenheimer funds cio krishna memani

saturday afternoon at 5:00 eastern, author margaret oppenheimer talks about her book the remarkable life of eliza jumel." her unusual life including a second marriage to former vice president aaron burr. >> what brought these two celebrities together? on both sides of the altar, the undown theed attraction was. >> you mel's money. a marriage to eliza jerusalemal will give lim a big pot of money to spend. jumel had no motivations for the marriage. on the one hand, she would soon have to begin settling her first husband's estate. burr with his knowledge of the clue help her protect her assets. but the main attraction of the marriage for her was the opportunity to enter social circles that had been previously closed to her. >> at 6:00 on the civil war, historian dennis fry on the reactions of both southerners and northerners to john brown's 1859 raid on the federal at harper's ferry as americans headed toward the 1860 election. sunday afternoon at 2:00, historians explore the death penalty in america including the supreme court case that is affirmed the constitutionality of capital punishme

oppenheimer is defending. -- martin ceo of shkreli came out and said he is glad the fda rejected theg that the program is a travesty and it insult to signs and patience. you.e: thank we will check back with you later on. valeant has denied any .rongdoing the stock is up today but it is down. >> the thing to keep in mind is not a one-day move that volatility. stock was down 10% in today, we are down 10%. people think positively a relatively small -- that they an internalowing investigation. everyone is saying this will continue to be up and down. they will have a call to talk about the fourth quarter we will see more volatility between now and then. we saw a chart and there was a gap opening higher. a $58 million statement is not in context massive. >> it is not. folks who have been pretty bullish on the stocks for a long been a massive decline since august and are saying this is good news and it puts a piece of bad news behind them. leave the door open for more disclosures. the fact that the board investigation there is still ongoing. we have seen a lot of other outside pressures ong

joshua oppenheimer and the center of the story. take a look. >> the look of silence is about what it's like to live as a survivor of genocide when the perpetrators have have never been removed from power. in 1965 in indonesia there was a genocide in which somewhere between half omillion and 3 million people were killed in less than a year. the u.s. government had supported the indonesian military in overthrowing the president of indonesia and replacing it with a military dictatorship. all likely opponents of the military dictatorship were killed and the perpetrators have been power ever since. and the survivors have consequently had to live in fear. and the look of silence one survivor, the brother of a victim, goes and visits and confronts all of the men involved with murdering his brother. >> audi is an optometrist, and while asking these men to take responsibilities for what they've done, he is testing their eyes to know what they see. >> we know these are old people, they need eye exam, eye test. while giving them a free eye te

oppenheimer's fish, for instance. if there's a 1% chance, given the numbers, you see why experts believe intelligent life exists. >> i'm quite sure we're not the only intelligent species in the universe. if that were the case, given the number of stars, the number of planets, the number of planets could host live would make life on earth a miracle. for a scientist, that's not a good explanation. >> reporter: why haven't we had maybe it's cause we just started looking. he's been at it for 25 years. in a timeline of earth, 4-1/2 billion years, we're starting kind of late. >> if there have been other civilizations within our galaxy, even nearby, they may have already gone through a stage of evolution where they would see us as bacteria. >> reporter: many believe the answers are not light years away. >> we have enough scientific knowledge and technology to find something. either we find it before you die or you get a cup of coffee from me. >> reporter: since i don't drink coffee, those scientists better get back to work.

ari walled of oppenheimer. >> i had a chance to talk to jeff curry after he left the set from the new show and said that about gold, did not say that and didn't get a chance to say that about the gold miners. he actual little liked the gold miners. really interesting -- >> he said to sell gold but liked the miners. >> said he felt they could make money at where gold is going to be or consistently be. very much like when you look in the oil space. look at some of the huge names. they can still do well, some of them, at certain levels as long as that doesn't drop too significantly. >> i don't think gold is one of them, but having said that, going to the g-20, talked about that at the top of the show, what are you talking about, devaluing current? what is china doing, buying a lot of gold, i think gold goes higher from here. gdx is up 54% in the same time frame, gld only up 20%. if you're going to buy it, buy gdx. >> december, they bought the gdx june 15 calls. they are now $4. they paid $1.25. now they came out about a month later at the beginning of february. what did they buy, and ari

let's bring in oppenheimer senior strategist, says the price of oil is unsustainable at current levels. is that what we saw today shortly after 2:30 p.m. eastern when the uae minister said they will cut production, do you believe opec will cut out rates? >> very difficult to think it's going to go through, it's more wishful thinking and wishful thinking is not a plan. rumors could move the market temporarily, we have heard this rumor before. the $64 question, who is willing to cut by how much and for how long? everybody expects saudi arabia to carry the big weight and cut its oil production unilaterally. that obviously did not fly at all, and saudi arabia is actually increasing its production to force opec's hand. liz: hold on, hold on. you're saying that just as the uae oil minister is announcing to the world there's going to be coordinated cuts that saudi arabia of all countries is increasing output? >> absolutely. saudi arabia is actually increasing, has been oil production. it's a price war, they want to protect market share. every time saudi arabia in the past played the swing pro

saturday afternoon at 5:00 eastern, author margaret oppenheimer talks about one of the richest women in the 19th century new york. her unusual life, including a second marriage to former vice president aaron burr. >> what brought these two celebrities together? on both side of the altar, the undoubted attraction was money. a marriage to eliza jumel will give him a big pot of money to spend. she had her own motivations for the marriage. on the one hand, she would soon have to begin settling her first husband's estate. burr, with his knowledge of the law could help her protect her assets. but the main attraction of the marriage for her was the opportunity to enter social circles that had been previously closed to her. >> at 6:00, on the civil war, historian dennis fry on the reaction to both northerners and southerners on the raid at ha harper's ferry. the divided sentiments as americans headed for election. and historians explore the history of the death penalty in america, including the case that involved the capital punishment. and monday, author and historian james swanson compares

next on american history tv, margaret oppenheimer talks about her book, the remarkable rise of elizael: a story of marriage and money in the early republic. jumelnto poverty, eliza became one of the richest women in 19th-century new york. the author describes her unusual life, including a marriage to vice president aaron burr. the museum of finance hosted this event. >> good afternoon, everybody. there has been a big resurgence in the past year of all things hamilton with the play on broadway going on. we are going to learn more about

the chief strategist at oppenheimer for equities pointed out that the past times we've valuation fall0of 16.5, you seen a bounce of about 6%, so we have a chart that goes back over the previous instances and then the oncece that we see came the pte ratio has gotten to that range. that's not to say it's a catalyst in and of itself, but if investors were looking for reasons to high, that is one of the reasons we have seen historically investors come in and judge it cheap. scarlet: we have been talking about how stocks have hit their low-end that has been the case and we've seen an upswing since then. firstget to bloomberg ward news with mark crumpton at the news desk. mark: british prime minister david cameron says there won't be a second chance to stay in the european union. the referendum has been set for june 23. the prime minister made his case today in a speech to members of parliament. mr. cameron: the government's position is to make sure britain remains in a reformed european union. mr. speaker, this is a vital decision for the future of our country and i believe we should also b

alessio de longis is with us from oppenheimer. what is going on the last two days? we had the good jobs report. what are the markets thinking? >> the report is good for employment, but not good for the markets. it really means the fed is in play. other central banks are trying to ease more. weak global economic conditions. the threat of using moore is not filtering through from the ecb and doj. -- boj. on jobs report keeps the fed the idea that the tightening cycle is on. many of us believe it is a policy mistake. it looks like we will have to live with that mistake a little more. that is how i interpret the market reaction. alix: why are european banks getting hit so hard? >> that is really the news element. italian bank headlines for a while, but in my mind, retrofitting the story with the data, what we saw last signsas the first that the european growth momentum is no longer accelerating. if you look at the pmi survey, the manufacturing side, they are showing signs that so far europe was immune to the global slowdown. now it is the most cyclical part of the world

margaret oppenheimer talks about her book, the remarkable rise of eliza juma.her unusual life including a second marriage to former vice president ehrenberg. >> what brought these celebrities together? at first, the undoubted attraction was her money. potmarriage gives him a big of money to spend. motivations for the marriage. on the one hand she would have to soon begin settling her husband's estate. burr's knowledge of the law would help her protector assets. the main attraction was the ability to access social circles that had previously been close to her. the reaction to john brown's raid on the ferry and the divided sentimentam

saturday afternoon at 5:00 eastern margaret oppenheimer talks about her book, born into poverty and becamene of the richest women in 19th century new york. her unusual life including a second marriage to former vice president aaron burr. >> what brought these two celebrities together. on burr's side of the altar, the undoubted attraction was jumel's money. a marriage to jumel will give him a big pot of money to spend. jumel had her own motivations for the marriage. on the one hand, she would soon have to begin settling her first husband's estate. burr, with his knowledge of the law, could help her protect her assets. but the main attraction of the marriage for her was the opportunity to enter social circles that had been previously closed to her. >> at 6:00 on the civil war, historian dennis frye on the reactions of southerners and northerners to john brown's 1859 raid on the federal arm morey at harper's ferry, his subsequent execution and the divided sentiments. sunday afternoon at 2:00 historians explore the history of the death penalty in america, including the 1976 greg v georgia u.s.

last week it was oppenheimer, today goldman going to neutral. worries on discretionary spending? >> they're not as negative on tvs as they are on cell phones. i was going to buy the 9,000 inch tv. the wife doesn't like that. >> that's a lot of inches. >> the ipad pro. who needs a big tv. best buy, nobody wants to see best buy down anymore. that's the discretionary thing. if it's cell phones that will be a read through. someone will say you have to sell apple again. give me a break. apple is so much cheaper than ibm. i know ibm has other streams of revenue software. >> ibm had an acquisition. healthcare data, i had no idea it was such a high area. trying to incorporate that for watson to have a larger data set to continue to make -- take conclusions from. >> that's what martin schroeder has been saying. when we get critical mass on these -- on the higher growth areas, cloud, analytics will be good. watson, i've seen watson at work on healthcare, being able to analyze disease in a quick fashion. david, when you played watson on jeopardy, he was no

some analysts at places like oppenheimer and bain capital or recommending you buy the shares on weaknessseasonality to blame for the week results, but that is on helping shares today. another one of the big declines we seeing in the wake of earnings reports or more accurately, the reports of the loss in the fourth quarter. it said it was going to be issuing new shares to raise cash. that typically does not help the stock. and news corp. also out with its numbers. it's probably also missing estimates as it saw advertising sales declining in part because of the effect of the stronger dollar. you see those shares down by 9%. alix: what about the decliners that don't have to do with earnings? julie: we noticed travel stocks today. if you look at priceline, expedia, trip advisor also declining. this may have to do with the spreading effectively zi -- the spreading effect of the zika virus. puerto rico declared state of emergency related to that virus. it was talked when the virus serviced that it might put a damper on travel stocks. that seems to be resistant. if you look at airlines as well

margaret oppenheimer talks about , who was born into poverty and became one of the most -- richest women in new york city. >> what brought these two celebrities together? on both side of the altar, the undoubted attraction was money. him a big will give pot of money to spend. jewell had motivations for the marriage. on the one hand, she would soon have to begin settling her first husband's estate. , with knowledge of the law could help her protect assets. the main attraction of the marriage for her was the opportunity to enter social circles that had been previously closed to her. war, on00 on the civil the reactions of southerners and northerners to john brown's raid on harpers ferry, his subsequent execution, and a nation's divided sentiment. 2:00, afternoon at historians explore the history of the death penalty in america, including the case that affirmed the constitutionality of capital punishment. swansont 3:30, james compares the assassinations of abraham lincoln and john f. kennedy. their personal similarities and differences in their terms in office, the backgrounds of the assass

colin rush is a managing director at oppenheimer. great to have you with us. >> thank you for having me. >> there are so many concerns through the when it comes to tesla. i'll address them one by one with you. when it comes to execution opn the model x, they're concerned about the demand side of it. other analysts are concerned about the production side of it, the execution glitches. what are you expecting on the x? >> for us we have seen this company execute very, very judiciously in the early stages of the work. we're expecting that here with the model x to make sure they perfected the product. that's the core confidence, we think, for this company of making high quality products that really do serve the luxury market and they maintain that brand quality. so we're expecting a relatively slow ramp on the model x production to make sure they have all the processes in place. >> we have to talk about tesla's cash burn. they're coming up on a period where they could be out laying a lot of cash with the battery factory and the launch of

let's dig in today's market rally with erin gibbs with s&p investment advisory and ari with oppenheimerlieve we could be in for a rally followed by a downturn. all the little gains we had lately could be a giant head fake, why do you believe that? >> making the case for additional near term strength, two key points here, first, just how quickly sentiment turned pessimistic. trends don't move in straight lines here. i think given how fast when -- when everyone sold who is left to sell, i think we're do for upside relief. why we have conviction that this can continue is underneenl the data, the volume trends have very encourage. we have been seeing volume into advancing shares. greater than that going into shares that are declining. strong hands moving in here. i think we're setting up for a move on the s&p into 1965 to potentially up to 2000. still have to deal with the broken trend, we see this falling 200 day movie ining ave. here is how i play it. sell the relatively weaker trends. but u.s. blue chips, our favorite segment of the market, give them the burden of proof up to 2000 and i

we are seeing some analysts come in this mine from oppenheimer and green capital saying you may wants, the weakness here was due potentially to seasonality. finally, jen work is suspending sales of traditional life insurance and fixed annuity products to better focus on stabilizing the units that do long-term care coverage. those shares also tumbling 21%. coming up next, more trouble could be ahead for already struggling oil companies. we will discuss president obama's new oil packed next. ♪ oil is trading down today. beyond prices, oil companies could have another major problem on their hands. tosident obama is planning propose a $10 per barrel tax on oil on the fiscal 2017 budget in next week. according to the white house, it is meant to create more incentive for right at sector innovation and reduce our reliance on oil. they stress that the cost would fall on the oil company spirit let's see what dwight anderson things about all of this. the way alan krueger explained it to make, it is very different. the cost would fall on consumers and would work out to a per gallon gas tax whic

saturday afternoon at 5:00 eastern, author margaret oppenheimer talks about the rise to aaron burr. >what brought these two celebrities together. on burr's side of the altar, it was jumel's money. a marriage to eliza jumel will give him a big pot of money to spend. jumel had her own motivations for the marriage. on the one hand, she would soon have to begin settling her first husband's eskate. burr, with his knowledge of the law, could help her protect her assets. but the main attraction is the opportunity to enter social circles that have been previously closed to her. >> historian dennis frye on the reaction of both southerners and northerners to john brown's 1859 raid at harper's ferry. the subsequent execution and the nation's divided sentiments as americans headed towards the 1860 election. historians explore the history of the death penalty in america, including the 1976 greg v georgia u.s. supreme court court case. there's personal similarities and differences. >> jackie was very conscious of history. jfk was very interested in abraham lincoln, knowledge about lincoln and so ja

oppenheimer initiating coverage of the stock with an outperform rating on the $25 price target.ough ride tovery raise additional dollars. ♪ stephanie: you are watching "bloomberg go." and we are talking super bowl. obviously, super bowl sunday is almost here. for the millions tuning in, it's not just about the game, it's about the commercials. linear tv seems to be out and streaming is in, how to advertisers justify spending $5 30lion on a 32nd spot? -- a second spot? david droga is here. i feel like the whole super bowl ad phenomenon is kind of 1980's style. is it really that valuable? david: it's a crazy glorious time when the population does care about advertising and looks for it. it's not just in isolation, where was before. these to be just the commercials around television. obviously, that is the pinnacle, but now there's an entire ecosystem around ads are running. it's a ludicrous amount of money on a spreadsheet, and i think of ad is bad, it's the biggest waste of money you've ever done. many of us really watches linear tv anymore with the exception of financial news an

saturday afternoon at 5:00 eastern, author margaret oppenheimer talks about one of the richest womenin the 19th century new york. her unusual life, including a second marriage to former vice president aaron burr. >> what brought these two celebrities together? on both side of the altar, the undoubted attraction was money. a marriage to eliza jumel will give him a big pot of

oppenheimer came out with a note yesterday that kind of rock to the market.spiked in our readership goals. he says when he gets to between 16.5 and 17 times earnings, that is too cheap to ignore. that's a direct quote. here you can see that we have charted this. or dave wilson has been the stoxx team. and circle the bottoms and pointed out that if you bought in at the bottom of february 13, you were up 6%. october 15, 9.5%. september 28, 11.1%. anytime the s&p 500 gets to between 60 and .5 and 17 -- 16.5% and 17%, that's too low. you can access this on bloomberg. we will be back in a couple of minutes here on "bloomberg go." we have two very special guests, bill and melinda gates join us to discuss their philanthropic priorities for the year. don't miss that. ♪ david: the largest private foundation in the world. though them indicates here on how they would tackle global poverty. -- blackrock warns, to not underestimate the fed. why they may have an interest rate hike this year. and the top performing hedge funds. we will tell you who is number one. welcome to

also krishna memani cio and head of fix income of oppenheimer funds. >> i believe the fed has to get engaged in some way, they have to give us some idea that they are off the picture for a little bit. until that happens, you know, the markets are discounting that. but i think until they say something and the dollar depreciates we don't see the bottom. >> what's a meaningful depreciation? >> it's not just the euro. on a trade rated basis dollar is off its peak but significantly higher than where it was in 2014. i think until we see a sign from the dollar, effectively overseas is in turmoil and the fed is engaged and that's just not a good thing for equities at the moment. >> what do you think the odds are janet yellen will tip her hat to something like this at wednesday or thursday when she speaks before congress. >> i think there's chance. she may try to help the markets a bit by being more dovish than what she would have been otherwise. the problem the fed has is the employment reports are coming in much stronger. you see wage inflation, lower unemployment. so, you know, they are in