we'll debate >>> stay local paul jones says the u.s. is the place to be, and will outperform the globe. is he right? >>> and peloton is getting closer to an ipo will it be a smooth rigde or a rough road? this is "the exchange" on contract nbc cnbc. athing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. you wouldn't settle for a two-star dentist. so why do you stick with a bank that treats you like this? this is nice, how much? $50. $40. deal. please see if there's better out there. ask the internet! ask your friends. ask your co-workers. we're pretty sure they'll send you over to us. because we're not just a bank, we're an ally. [phone ringing] ally, this is pamela how can i help you? ♪ >>> welcome back stocks are gathering steam as investors have been pricing out the prospect of any

paul tudor jones, a timely topic about wealth inequality and ways to address it. k you for joining us. >> etf, just that's the index and the etf. >> thank you very much paul tudor jones, always a pleasure here. i'm here today and tomorrow and will have other guests to talk about, as well sara, back to you. >> great to hear from paul tudor jones, bob thank you very much. very bullish on the u.s. stock market and continues to be exceptional this year. stocks and the dollar and bonds. >> and that very bullish call because positioning is more favorable than the start of last year and tail winds including the economy and buybacks. >> not such a fan of. >> nonetheless, they're coming there in the middle of a mania i think was his word mania in terms of buybacks and shareholder primacy. great interview from. >>> shares of tesla getting a boost after a wall street firm up jades the stock to a buy. >>> later online sneaker marketplace goat with a massive investment from foot locker. >> do you know what they are >> nike. >> offwhite. >> i could have told you this. >> i'll te

. >> i sath down w the investing legend paul jones looking to make a big push in another theme looking to make traction, socially responsible investing. >> since 2000, 9 of corporate profits have gone to shareholders. ri's the fogt tote negative of what the an public thinks a just company should do. they've got a big disconnect between what the american public thinks and what corrate boardrooms and c-suite are doing. >> the american public strongly supports the principles of socially responsible investing which includes fair pay for workers, reducing pollution and creating and maintainingjobs. that's all a far cry from the old mantra that the sole purpose of a corporation is to maximize return for shareholders. for "nightly business report," i'm bob pisani in hollywood, florida. >> it is time to take a look at today's upgrades and downgrades. hold. upgrade to buy from the analysts cites improving dend forlectric vehicles. the stock rose more than 2%, ni 312.847 electarts upgraded to buy from neutral, as bank of america merrill the analyst cites positive recession of ea's new game, whic

led by the likes of paul jones, he is taking me to an abandoned nail factory., somewhere... how did you find this place? i found it online. goodsta rt jones has had an incredible start here. their bags are handmade by artists paul, paris and hanson. they source local fabrics and graft away on second—hand sewing machines and they are making £3000 a week. being online, it's like an equaliser. we're kind of level pegging with the big retailers. bricks and mortar stores because they, too, have a website and now we have a website. so what have we got up here, paul? this is our... it's a bit tight. it's our store room. paul is being supported by ebay. dozens more small independent companies in the city are hoping to cash in with a showcase online. we sell to china, we send to singapore, the majority of our bags sell overseas. i miss the hustle and bustle around dudley street and, yeah, the ‘80s and ‘90s were tough for traders but there's been nothing like this. the likes of bhs, maplin, patisserie valerie — all gone. in 2017, there was some delight when a new debenha

why paul tutor jones says we are the best place to be america. we're back after this. ep doing , that's the retirement plan. with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. in't easy. 12 hours? 20 dogs? where's your belly rubs? after a day of chasing dogs you shouldn't have to chase down payments. (vo) send invoices and accept payments to get paid twice as fast. (danny) it's time to get yours! (vo) quickbooks. backing you. . >>> coming up later today 4:20 eastern time a big interview, alibaba, executive vice chairman joe tsai sitting down with leslie picker. is he worried about a trade deal or worried about a global slowdown we are going to find out today at 4:20. really a buck and a half above where it is now, but they're want seeing any new return that stock up 17% over the last year let's turn now to retail because if you want to know how the u.s. consumer is doing, there is no better sector to watch we

paul tudor jones graduated from the university of virginia my class at the university of virginia inp at 15asrn o3: eten "closing bell. i'll be watching i hope you will too. when did sleep become something that requires effort, like an obstacle we have to overcome every single night? with tempur-pedic, it doesn't. and now is the best time to experience the most advanced pressure-relieving material we've ever created. so you get the deepest sleep you've had in your entire life. this presidents day, save up to $500 on select adjustable mattress sets. there's nothing like tempur-pedic sleep. find your exclusive retailer at tempurpedic.com. >>> welcome back we are looking at the consumer staples. over the past year they have been underperforming and now names like procter & gamble might be looking to raise prices how will it play out here to break it down is aly debadge. i heard jim cramer this morning saying, look, the raw material pressures are better and actually the bulk of that has moved through the system is that true >> yeah. no that's a great point so a lot of these companies are

like they did with rocky paul jones when he was killed. >> we know the stats. >> but those are important, chris. >> i'm not saying -- >> why is it that those people that were killed by guns from illegal aliens -- i know you're not saying they're any less relevant. so why is it that your network tries to creatively slice and dice that audio to make it look look i was trying to throw a guy out. i didn't want to -- >> i had you on to make your case but i'm making a bigger point now. i'm not here to accuse you. i accept your answer about it. you take it up with the parents and see if they're okay with it. that's part of being a congressman. what i'm saying is a wall has got no business in the discussion at a hearing about what to do about these mass shootings and crimes that maybe, maybe can be prevented. it looked like grand standing because it has nothing to do with the solution. the numbers don't match up and the politics don't match up. >> do you realize that one out of every five people that the federal government charges with murder is an illegal alien. >> no, i don't know that. >> tha

just yesterday, as we, report hedge fund manager paul tudor jones called buybacks a mia and said companies should focus more on what he calls ethical investing. >> i think we've got a mania going on in buybacks and a mania going on in terms o shareholder premisy. it wast always thisway, right? if we just go back to when i was a youngster, corporate pay, ceos made 20 times that of the average line worker. so, things have been different and can be different n.ag and if they're not, i'm really nervous about what the ultimate social consequences are in this country. i i don't know iant to see a legislativeme out for this. i'd love to see this happen srganically. >> well, joining now to talk about the impact that limiting stock buybacks would have on thk s, eric marshall joins us tonight. he's portfolio manager with the hodges funds. eric, welcome back. good to see you.>> good to be here. >> politics aside, what impact do you think limiting buybacks would have on the stock market? let me a it a different way. what impact do buybacks have on stock market performance, do you think? >> well, we se

talking to paul tudor jones at 3:00, why he thinks environmental, social governance funds should getfluence on the investing public. guys, back to you. >> bob, thank you. thanks to greg davis as well >>> shares of nvidia are lower after receiving a downgrade at bernstein, cutting price target on stock following guidance preannouncement last month with us now, the analyst behind that downgrade, stacy rasgon great to speak with you. >> good to be here. >> why the change of heart on nvidia and why now after that pre-announcement >> that pre-announcement was sobering spent the last couple of weeks going through our model, thinking through the different sce scenarios and where things are going. at the end of that where we come out, i have a hard time even with giving the benefit of the doubt, seeing plenty of recovery, hard time seeing more than $7 in earnings in a couple of years i think days of putting 30 to 40 times on earnings numbers are over for now and if it turns out they're not deserving of the benefit of the doubt, there will be more up side once you take time to scrub through t

paul tudor jones is going to argue that corporations need to start rethinking their obligations, thataximizing shareholder profit, that there are other obligations that exist for share -- for public companies where do you feel pubically traded corporations should stand on this whole issue, for example, getting involved in climate change or global warming or making a stand on public issues >> so it's important to understand that companies are much bigger today than they were before they have much more of an impact because of such larger corporations the number of public companies, down by over half over a 20-year period, the average company is six times the size that it was means it's much more of an impact the opportunity for a ceo at a company to take a real stakeholder view is certainly something that's being asked of them in today's world and environment. where he think it's important that we not have any unintended consequences is not to put that pressure on a company through a regulatory or legislative regime, so that -- make it based more on transparency and disclosures, so comp

gustav va garcia, a 36-year-old illegal alien shot and killed a 51-year-old rocky paul jones on december 17th at a gas station. garcia had previously been deported by i.c.e., before his deportation, he had a criminal record going all the way back to 2002 where he had illegally possessed a firearm. in addition to murdering jones, garcia also shot a farm worker in the chest who was picking fruit, committed armed robbery, and shot and attempted to kill a woman after he followed her to a motel 6. on january 2nd, 2019, an illegal alien shot and murdered california officer ren l sync, a story that captivated the country. on november 13th, 2018, an illegal alien shot and killed three people in missouri after he was released on domestic violence charges. this was luis perez, age 23, was a recipient of the daca program, in 2012 and 42014. we see circumstances where people illegally come into firearms. each did not acquire lawfully. tig title 18 of the federal code says it's always illegal for an illegal alien to have a firearm. while i appreciate folks from my state of florida coming and sharing

gustavo garcia, a 36-year-old illegal alien, shot and killed a 51-year-old rocky paul jones on december 17 at a gas station. garcia had previously been deported by i.c.e. before his deportation, he had a criminal record going all the way back to 2002, where he had illegally possessed a firearm. in addition to murdering jones, garcia also shot a farm worker in the chest who was picking fruit, committed armed robbery, and shot and attempted to kill a woman after he followed her to a motel 6. on january 2nd, 2019, an illegal alien shot and murdered california officer ronil singh, a story that captivated the country. on november 13, 2018, an illegal alien shot and killed three people in missouri after he was released on domestic violence charges. this was luis perez, age 23, was a recipient of the daca program in 2012 and 2014. time and again, we see circumstances where people illegally come into firearms. each did not acquire lawfully. tight title 18 of the federal code says it's always illegal for an illegal alien to have a firearm. while i appreciate folks from my state of florida coming

. >>> manager paul teeter jones in a cnbc exclusive on what he called buyback mania he also made someoversial comments that he still believes america is exceptional that's not going to fly on this set. some breaking news on a republican senator backing a plan to crack down on buybacks plus, we'll show you the market response to our big story of the morning. a tentative field to avoid another government shutdown. we'll be right back. so sfwoo oof lawmakers say that they have reached a tentative deal to avert another government shutdown here in the united states a source tells cnbc that that deal includes about $1.4 billion for physical barriers at the border, but not the $5.7 billion for a border wall that president trump had demanned again, they say that this is an agreement in principle, but several days ahead of that friday deadline. >> we will talk a little bit more about the shutdown in just a minute first, let's go to -- we have breaking news on a different subject. buybacks >> buybacks had been in democrats crosshairs for a while, but now a prominent republican is jumping on the

. >> and, david, the big discussion yesterday, paul tutor jones had a very well received reception for justice in consideration for stock price valuations a lot of people scoffed at that a few years ago. he said it was a mania and we see what happened with senator marco rubio's proposals today to consider changing the tax structure around buybacks. all coming up here back to you, david >> all right, thank you, bob here after known as hollywood bob pisani let's send it to hq and sue herera >> and he had to do that live shot with the beautiful backdrop acting defense secretary pat shanahan meeting with iraq's prime minister in baghdad. shanahan is in iran to consult with american military leaders and iraqi government leaders on the future of u.s. troops in iraq >>> british prime minister theresa may urging lawmakers to be patient and give her more time to rework a brexit divorce agreement with the european union. britain's departure from the bloc is only 45 days away. >> we now all need to hold our nerve to get the changes this house requires and deliver brexit on time by getting the cha

jones of alabama. one republican voting no, rand paul of kentucky, and senator richard bird did not vothe -- vote. mr. barr, now the new attorney general, served as attorney general before from 1991 to 1993 in the george h.w. bush administration. again, our live coverage of the senate now on c-span2. and a look at our primetime schedule on the c-span networks -- >> illinois is the land of lincoln. springfield is the city of lincoln. his home is here. the old state capitol where he gave the house divided speech is here. his old law offices are here. of course he's buried on the outskirts of town. so lincoln is extraordinarily important to the city of springfield. >> c-span's cities tour is on the road, exploring the american story. this weekend we visit springfield. >> illinois had it made. when they built this building, when they knew they were going to build a new capitol, they wanted something to just -- i always say shock and awe. they wanted something that showed that illinois, man, we are it. that's what this building is. that's what to some extent it represents. >> with the help of our comca

senators doug jones, joe manson and kyrsten sinema, and republican senator rand paul voted no. william barr, as served as attorney general during president george h w bush's succeedsation, 60's -- jeff sessions. weekend, twois books with authors making headlines. joe abramson, and starting sunday at 7:00 p.m. with howard schultz and his autobiography from the ground up plan tos life, and his run for president and the controversy that followed. audience,tell this nobody wants to see donald trump more than me. i will do nothing over the next year to reelect donald trump, but i do feel strongly that it is an expression of our democracy that i have the right to stand up and consider this me being ae issue of spoiler, how do you spoil a broken system that is already corrupt and not serving the american people? announcer: then sunday on afterwards, abramson talks about the ensuing and controversy over plagiarism accusations. you are suggesting that it was not an error in this copy ended up in your book. you are saying it is a citation error. is it a citation error if it is word for w

jones and sky fall. a variety of roles in his career including winston churchill, pope john paul ii, and an irish gangster. his family says he died after a long illness. alberts and he was 82 years old. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. >> live from bloomberg headquarters in new york, i'm vonnie quinn. amanda: in toronto, i'm amanda lang. we are joined by our bloomberg and bnn bloomberg audiences. escalating trade blows between the u.s. and china weigh on markets as u.s. stocks fall for a third day. helping to add global equities for the first weekly decline of the year. amazon's plans for its new york city headquarters could be scuttled. we bring you the latest. barbie versus transformers. mattel stock surges. hasbro slides, all on holiday quarterly results. we are checking on all of that in the next 30 minutes. the majora check on averages which are on the decline into the weekend. the dow is down .7 percent. the s&p 500 down almost half a percent. the nasdaq is down

three democrats, jones, man chin and sinema voted yes with republicans, rand paul was the only republican to vote no. and senator burr of north carolina did not vote. >>> coming up here on c-span 3, we will have remarks by supreme court justice sonja sotomayor, she will be discussing her life and career in about an hour at the lieu library of congress in washington, d.c., live at 3:30 eastern time here on c-span 3. you can also stream our live coverage at c-span.org, or use our free c-span radio app. >>> illinois's the land of lincoln, certainly springfield is the city of lincoln. his home is here. the old state capitol where he gave the house divided speeches here. his old law offices are here. and of course he is buried on the outskirts of town in oak ridge cemetery so lincoln is very important to the city of springfield. >> on the road. exploring the american story. this weekend we visit springfield the capital city of illinois. >> illinois had it made and when they built this building when they knew they would build a new capitol they wanted something that i would say shock and awe, t

jones. rand paul voted against him.ading proponent of surveillance and his record is troubling to me. after this confirmation vote we expect barr to be sworn in and the mark whitaker era comes in a close. >> if the president signs this, what can he say? he can say look, i wanted 64 mile expansion of the wall. i have a 55 year. he can portray it as a win because the democrats were offering zip, zero, nothing, even though it's less than what trump said he wanted. anything that happens that solidifies and sements that effort as being taken and underway the president can portray as a win. can always hold out the card of a declaration of a national emergency to get the rest of it built and so forth. so i don't know what they're thinking in the white house on this. but i'm sure they're looking at it somewhat similar to this. how can we portray this as a win to our people if we sign this? if he signs this he will have to make the case that you never get everything you want all at once in washington we've got divided government

jones of alabama. one republican objection, rand paul.jection came from democrats that barr would not remain independent taking control over the special counsel's rush investigation. in a repeated questioning's coming made clear he would not stand in the way of letting it run its course and he planned to make public as much of its findings as possible. but he stopped short of promising you would be released in its entirety, and that was a sticking point angering democrats who worried that he might try and suppress critical portions related to the president and the findings, based on barr's extensive view of executive powers. under regulations, we need to note that mueller is required to provide the attorney general with a final confidential report of findings. those relations also require the attorney general to inform congress of those findings. they do not, however, require barr to release all information publicly, giving him some latitude in what and how much to release. judiciary chair joan adler has reportedly hired lawyers and term

doug jones, joe manchin, voted for barr while rand paul voted against him. barr is a justice department department veteran who served in the george h. bush administration. in addition he now oversees the special counsel investigation and says he considers robert mueller a friend. however barr also wrote a 19-page memo last summer arguing that mueller should not treat trump's decision to fire james comey as obstruction of justice. >>> we'll hear more from andrew mccabe about his interactions with the president of the united states in an adaptation of his new book published in "the atlantic." he had two phone calls with the president in the first 24 hours as head of acting fbi. in one instance he said the president called him on an unsecured line saying how happy people were that he fired james comey. mccabe writes the president said he thought most people in the fbi voted for him. he thought 80%. he asked me again, as he had in his office if i knew that comey had told him three times that he was not under investigation. mccabe says the president also ordered

doug jones of alabama, joe manchin of beft, and kristen sinema of alabama. senator rand paul was the only republican to vote against the nominee. intelligence committee chair byrd did not vote. he will be sworn in this afternoon according news reports as the 85th attorney general. 4:45 ceremony in the oval office with chief justice john roberts administering the oath. senators are waiting for the government funding board of security compromise to be brought up for debate. the measure introduced to members in the wee hours this morning. expected to be up for debate this afternoon in the senate. it provides nearly $1.4 billion for 55 miles of new barriers in texas. and includes money for nine federal departments as well as nearly 2% pay raise for federal workers. the senate will vote first. if it passes there the house will take up the package with first house votes expected about 6:30 eastern. house coverage here on c-span. later, follow the senate over on c-span2. next up here on c-span, nasa officials say that after more than 15 years on the surface of mars, the rover opport

paul: bill barr confirmed with a 54 votes, three democrats, joe manchin, kristen cinema, doug jones ofalf alabama whes confirmed in the george h.w. administration. what do you think barr's main task is? >> he will have to impose some discipline on the justice department and the fbi and corral these guys who are basically becoming political agents. i think he needs to oversee, provide more oversight, the solicitor general which submitted some kind of strange a amamcus brief and there's such a diffuse organization that he needs to impose discipline on. paul: and get political order on and to run the department. sessions, because he was for a variety of reasons hadn't done that i guess is what you're saying. >> some obama era prosecutions and investigations have continued, that of quicken loans, he should probably drop that one, among others. paul: okay, kim. what do you think -- you wrote your column about barr this week and you said he's got a big task in front of him. how should he handle the mueller probe? >> well, look, he's already said that he's not going to necessarily interfere in

jones industrial average lost nearly 104 points tclose at 25,439. the nasdaq rose six points, but, the s&p 500 fell seven.to stilome on the newshour: the implications of former trump campaign chairman paul manafort lying to the special counsel investigation. how the community in parkland is coping one year later, and much more. >> woodruff: there are new developments in the investigation into possible collusion between the trump presidential campaign and russia.ha john yanthe latest details. >> yg: judy, in an interview to be broadcast sunday on cbs's "60 minutes," former acting f.b.i. director andrew mccabe says that after meeting with president trump about his firing of,.b.i. director james com he decided to launch a special counsel's investigation in order to protect the iy.uiry's integr >> i was very concerned that i was able to put the russia case on absolutely solid ground in an indelible fashion that, were i reved quickly and reassign or fired, that the case could not be closeor vanish in the night without a trace. i wanted to make sure thatsour case was od ground. and if somebody came in behind me and closed it andwaried to walkfrom it, they would not be able to do that without

jones. i'll start with you, david. there is a sense in which the worst decision that a lot of the folks may have made was signing on with donald trump. because in paul manafort's case, the crimes detailed in the sentencing memo don't have anything to do with the campaign. signing up with trump exposed what he had been doing for decades. i will read a little bit of it. according to the sentencing memo, manafort engaged in extensive lobbying activities in the united states on behalf of ukraine without registering for the work as required. he funnels over $11 million from overseas accounts to pay for lobbyists to engage in unregistered lobbying in the united states. in submissions in 2016 and february of 2017 he caused false and misleading statements to be made relating to the lobbying work for ukraine. he may spend life in prison because he took an unpaid job with donald trump. >> remember, he was part of the trump campaign interaction -- curious, bizarre interactions with russia that led to the investigation that nabbed him in this regard on a different set of issues. he was there at the trump tower meeting when he and jared kushner and donald trump,