i'm ramy inocencio.s is "bloomberg best." a weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. our day by day look at the top headlines begins with a vigorous look at the rally in commodities. >> oil is continuing its run of gains with brent crude at its highest so far this year. that's above $39 per barrel. talk us to the latest development. >> i was getting these warnings, these alerts in my bloomberg telling -- terminal telling me that oil prices were below $30 a barrel. we might have to go down to four dollars a barrel, we are tantalizingly close with brent crude reaching that level there are a few reasons why this is happening. you have u.s. drillers in the united states, they have the least number of active rigs out there in less than six years. they are at a 60 month located , and in the background you have the possibility of opec meeting with russia over this deal to freeze out the current levels. i suppose, as oil prices have b

ramy inocencio has your markets check. ramy: it has been a really positive day.luck of the irish. we are at highs of the session right now with the 500 up .8% in the now pushing past the 1% mark. by .4% in the fed holding rate steady. that has had a big ripple effect looking at the markets and fewer filing for unemployment benefits having a lift for the markets. let's look at what is happening year to date. we've seen the s&p and dow slip and positive territory. we did see a pullback and we see it again right now with the s&p 500 marginally down. hop into my bloomberg and let the what is happening with the sect or's on the s&p. the 10 s&p sectors are in the green but as has been the case all day, materials, energy and industrials have been the biggest leaders for most of the day. health care has been the one standout, down by 1% there. let's look at what is happening with the bloomberg dollar index. following what is happening with the fed, the bloomberg dollar , down by nearn session lows against 16 of its major peers. biggest two-day decline since 2009. let's t

♪ ramy: welcome back to "bloomberg best." i'm ramy inocencio.ach week, we welcome leaders in business and politics for exclusive come in depth conversation. we start with the chairwoman of the u.s. securities and exchange commission, mary jo white, who sat down to discuss financial regulation and reform. >> it's always an evolving landscape in terms of what is optimal regulation, including watching weather impacts are going forward. you want attention, but nobody wants to relive the financial crisis. many of those rules that the agency, that other agencies have executed on, have made a much more resilient as a market structure, as a financial system. >> if we were to roll back some of what the sec and other agencies have done, you believe we would be exposing financial markets to greater potential for another crisis. >> without question. >> recognizing all the accomplishments you have had as chair of the sec, when you have done in concert with other regulators, it's fair to say, is attempt to change the culture on wall street and financial servi

i'm ramy inocencio.s is "bloomberg best." a weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. our day by day look at the top headlines begins with a vigorous look at the rally in commodities. >> oil is continuing its run of gains with brent crude at its highest so far this year. that's above $39 per barrel. talk us to the latest development. >> i was getting these warnings, these alerts in my bloomberg terminal telling me that oil prices were below $30 a barrel. we might have to go down to four -- two $40 a barrel as we are tantalizingly close with brent crude reaching that level there are a few reasons why this is happening. you have u.s. drillers in the united states, they have the least number of active rigs out there in more than six years. of you have the possibility opec meeting with russia over this deal to freeze out the current levels. i suppose, as oil prices have been gathering momentum, speculators, some speculators are rat

♪ ramy: welcome back to "bloomberg best." i'm ramy inocencio.me leaders in business and politics for exclusive come in depth conversation. with the chairwoman of the u.s. securities and exchange commission, mary jo white, who sat down to discuss financial regulation and reform. it's always an evolving landscape in terms of what is optimal regulation, including watching weather impacts are going forward. attention, but nobody wants to relive the financial crisis. many of those rules that the agency, that other agencies have executed on, have made a much more resilient as a market structure, as a financial system. some we were to roll back of what the sec and other agencies have done, you believe we would be exposing financial markets to greater potential for another crisis. >> without question. recognizing all the accomplishments you have had as when you haveec, done in concert with other regulators, it's fair to say, is attempt to change the culture on wall street and financial services. to what degree have you been successful? >> i think both w

ramy: coming up on "bloomberg best," the stories that shaped the business around the world. iron ore businesses go absurd. the ecb reaches into its toolbox again for more easing. >> they are doing everything they can, and it is targeted as narrow as possible. >> is not firing blanks, but he is not the only one who should be holding the gun. >> we choose the best from a bunch of powerful conversations. ramy: reflections on progress in unfinished business. >> it's getting better, but not quickly enough. >> there are mole and you getting opportunities earlier to lead. ramy: wall street mourns the loss of a foundational figure. it's all ahead on "bloomberg best." hello and welcome. this is "bloomberg best." our day by day look at the top headlines begins with a rally in commodities. >> oil is continuing its run of gains with brent crude at its highest so far this year. that's above $39 per barrel. >> i was getting these warnings, these alerts telling me that oil prices were below $30 a barrel. we have brent crude reaching that level there are a few reasons why this is happening.

ramy: the stories that shape the business around the world. iron ore businesses go absurd. the ecb reaches into its toolbox for more easing. >> they are targeting has narrow as possible. >> he is not the only one who should be holding the gun. >> we choose the best from a bunch of powerful conversations. ramy: reflections on progress in unfinished business. >> it's getting better, but not quickly enough. >> there are mole and you getting opportunities earlier to lead. ramy: wall street mourns the loss of a foundational figure. it's all ahead on "bloomberg best." hello and welcome. this is "bloomberg best." our day by day look at the top headlines begins with a rally in commodities. >> oil is continuing its run of gains with crude at its highest so far this year. that's above $39 per barrel. >> i was getting these warnings, these alerts telling me that oil prices were below $30 a barrel. we have brent crude reaching that level there are a few reasons why this is happening. you have u.s. drillers in the united states, they have the least number of rigs out there. they are at

i'm ramy inocencio.s is "bloomberg best." a weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. our day by day look at the top headlines begins with a vigorous look at the rally in commodities. >> oil is continuing its run of gains with brent crude at its highest so far this year. that's above $39 per barrel. talk us to the latest development. >> i was getting these warnings, these alerts in my bloomberg terminal telling me that oil prices were below $30 a barrel. we might have to go down to four dollars a barrel, we are tantalizingly close with brent crude reaching that level there are a few reasons why this is happening. you have u.s. drillers in the united states, they have the least number of active rigs out there in less than six years. they are at a 60-month located, and in the background you have the possibility of opec meeting with russia over this deal to freeze out the current levels. i suppose, as oil prices have been gatherin

ramy: thank you.ning me for today's options insight is mark sebastian, options pit,ner at and he joins me from the cme in chicago. the markets were off session to ourbut we are up fifth straight week of gains. how are you feeling? mr. sebastian: it seems like there is a pretty big risk on. a couple of things i am hearing -- we are going to spring break. things are taking things off. we got clarity out of the fed. one of my biggest complaint was the fed was waffling on what they were going to do. this seems like a more decisive federal reserve relative to what they have done in the past that has allow the market to, you know, maybe release the pressure to go allowing the vix lower than i thought. it is trading with a 13 handle. one thing i would point out -- there is a little bit of fear expires inuture that april -- it is still trading near 18. there is still some fear out there. it has certainly been a big risk-on approach over the last couple of weeks. ramy: right. volatility falling here in the u.s

ramy inocencio has the latest. : we did get a rocky start this the dowbut we did see at session highs. with look at what is happening with the numbers -- the s&p 500 up by about .8%. the last -- the nasdaq the least hashe gainers, echoing what been happening in tech stocks for most of the year. materials, industrials and energy are the biggest gainers on the s&p. speaking of industrials, they are some of the top dow performers. namely these 3 -- general up aric, bowling and nike little bit more than 2%. this is its highest since new year's eve and the biggest jump since the end of january. very strong and brought across the board there. going back to what i was talking date, thedow year to volatile ride we have been seeing ever since we saw the route in equity from january through february and then we had this inflection point and you can see year to date, we are up about .4% and continuing to climb. points, we are about 1.5 away from turning into the green but the nasdaq is down. david: the rally in commodities ha

ramy inocencio has your market check. markets have been fairly volatile over the course of the day. we are sort of at session highs but they are in negative territory. the dow had been flirting with positive territory with the s&p 500 down a third of a percent. the big weight today was retail numbers for february. they'd dropped and january's gain was revised down from a prior positive. let's look at some of the best and worst performs -- reforms. let's look at the s&p 500 health sector. 's surprise after valeant earnings call this morning. plus there were some analyst downgrades to speak of. leader,h is the biggest followed by apple. further --a look look at that. it has been on a gentle slide, down 50% here. this is its biggest drop ever after reporting weak fourth-quarter earnings and cutting its forecast for 2016. let's take a look at some safe havens in this relatively risk off market environment. gold off by .9%. 2% for the down by first time in a month down two days in a row because of iran saying it will not freez

here is ramy inocencio. ramy: there was a big jump in german industrial production.y for the first time in six years. even though exports have been cooling off. goldman sachs says the rally in metals may be an opportunity for bearish investors. goldman forecasts copper and aluminum will drop as much as 20%. analysts say demand growth for the metals in china is unlikely to be sustained. pimco says investors should move out of government securities and into corporate debt. the manager of the $90 billion total return fund protects the u.s. will avoid recession this year as well. pimco says high-yield company debt and jump onto will offer better returns. that is the "bloomberg business flash." tom: sallie krawcheck is with us. we will talk about the future of wall street in a moment. this morning, dominic konstam is with us. he is with deutsche bank, writing exceptionally important research. weill not send it to you and protect the copyright of our analysts. i want to go to the ecb. you are looking at the distribution, the choice set of outcomes mario draghi has. how sma

ramy inocencio has a check on some company movers.e food stocks -- burgers and burritos to be exact. let's look at mcdonald's and chipotle messick and grow. mcdonald's not moving too much, up higher by 25%. chipotle is down by about 2.5%. the reason i bring this up is i want to show you what is happening on my bloomberg. you are looking at the average analyst rating for mcdonald's, as well as chipotle. chipotle is here in white. donald's is here in blue. basically, mcdonald's average analyst rating stands at just under 3.8 -- 3.79. chipotle is now lower, 3.48. uy5 would be a unanimous b recommendation. the inflection point happened around the middle of december after the fallout happened with the chipotle food scandal. since then, the average rate has been rising. analysts are favoring the burger over the burrito right now. let's move to another sector -- the pharma sector. looking over at valeant pharmaceuticals, you can see that after his fall from earlier this week that we saw on the order of 50% after the earnings came out, today

here is ramy inocencio. ramy: nasdaq has agreed to buy deutsche porches market.t catapults nasdaq to the top of the u.s. options exchange and it may help them pay for a proposed merger with the london stock exchange. hugo boss is cutting costs and taking more control of its brand. there are closing 20 stores in china and will take control of hugo boss' concession inside macy's stores. the ceo resigned last month after a plummeting share price and a series of forecast cuts. offering moreen restricted stock to workers companywide, so workers have been handed out cash bonuses of up to $200,000. the stock has fallen about 60% in the past year, and that is the bloomberg business flash. francine: thank you so much. today is ecb day. almost a year since mario draghi started his ultra-loose monetary policy, things still not going the way he wants it to. let's get back to paul donovan, the global economist at ubs. we talked about the limits with which mario draghi can operate. how will he field the brexit questions? .aul: i think this is difficult undoubtedly u.k. journal

ramy: the nasdaq rose the most, at .75%.t was this initial rise, as nd in the fall as traders tried to digest it. you can see around 2:30, they decided they were in the green, and never looked back. if you take a look at some of the biggest companies on the nasdaq and nasdaq 100, it was green across the board. apple, microsoft, and google, following that echo, not looking back. interestingly, these were the first top four gainers. but the company i want to talk about, amazon, it went the other way, strangely enough. they did have that strong rhythm. but in the last 15 minutes of trade, the news broke that apple actually signed a deal to be a customer for google's cloud platform, meaning it will rely less on amazon's web services. this is according to crn. they are going to put in around 400 million dollars to $600 million in google. two this is the second biggest company pull out of amazon, let's modify the first, -- with spotify the first, about a month ago. emily: generally good in the public markets. but i wonder, we have

>> reporter: and so began the road trip with the fab four -- tim, norma, ramie and ringo, the dog. presque isle, michigan, and made it to rushmore. she saw the presidents and then end faithful at yellowstone, gazed into the grand canyon, looked down on florida from a hot air balloon, had her first pedicure in georgia and indulged in more beer and cake than she can remember. did you think you'd be having this much fun at 90? an no, no. >> want to pop a wheelie for him, mom? >> sure, why not. >> i've never seen her smile this much. heis is how we show her the stars at night. >> tomorrow i will be teaching my kids about you. >> reporter: ramie has been posting about their trip on mocebook. now more than 200,000 people are getting to know norma. >> you're a sensation. tt her own son is getting to know her, too. i this has allowed me to have discussions i never thought i'd have with my mom and find out things like where she and my dad met. >> you didn't know your parents met at a bar until she told us? >> no. >> reporter: norma and crew have logged more than 7,000 miles so far, but ther

. ♪ ramy: welcome back to bloomberg best.hursday's ecb meeting was the centerpiece of a dramatic week in european business as well as politics. there was plenty to discuss and analyze on bloomberg television. bank of england governor is testifying before you give lawmakers today on the economic and international cost of a potential brexit. he says they will avoid telling people how to vote in the upcoming june referendum. >> nothing we say should be interpreted as making any recommendation with respect to that decision. >> can the bank of england really avoid swaying voters? >> without thinking they will sway voters, what he does not want to be seen as doing is saying brexit will be a disaster. he is trying to elegantly avoid the situation, but he almost lost his patience a couple of minutes ago, actually answering to one of the more conservative members of the committee. he said, you have a selective .emory, there is risk he is talking about brexit, without going further. >> is this just political theater? >> it is a bit of

ramy: good afternoon. stocks are headed up to their session highs of a with that said they are still in the red. right now let's take a look at where they stand. the dow is coming up on the flat line, but the s&p 500 is down by about a third of a percent. the s&p is down for the second day in a row, and this is its first back-to-back losses so far this month. part of the reason for that is because of the retail data that we did see earlier today. sales for february falling, and january's game revised to a decline. we will see how the fed will factor in that with interest rates tomorrow as well as the day after. i want to show you the general health of the s&p in its sectors. four are in the green, six are in the red right now and looking at the positives, information technology is of the most, by about a quarter of a percent. utilities not too far behind. 1.5%, care is down by which had been preceded by materials. energy is down by about 1% as well. i also have to talk about what is happening in the pharma

ramy, you can always count on him to do that. i think this calls in a real question of the sustainability of herbalife's business. mark: you said the company is going to collapse under its own weight. how soon? because don't ask me i've been on on that part of it for a number of years now. -- wrong on that part of it for a number of years now. it is not surprise me that a company that is obviously give him at has been going on for decades. this company is 30 plus years old. , in order topany sustain its business and given the extremely high turnover of new members that are obviously purchasing the product and driving it fails, they have to recruit a couple of million new victims every year to just run in place. grow, that never has to be even bigger. eventually, they will run out of victims, that is what happens with all pyramid schemes. if i'm right, this will eventually collapse. are you putting on any new short positions these days? whitney: i'm planning to discuss my largest position at the harvard investment can't -- confere

--ramy: linkedin falling by 5%, but you can see your today it is down by 51%.s at its lowest since february 16. it is putting its price target. some harsh words in this analysts note. basically, things you would not want to talk about. morgan stanley saying, why we were wrong, and what is changing. not, saying linkedin is likely to be as big as a platform as we had thought. it is slowing growth in talent solutions during that translates as revenue subscription. your customers are signing up. linkedin had been looking at small and medium-sized enterprises but is hitting a wall with large enterprises. emily: i recently got a chance to sit with linkedin ceo jeff weiner, and we attacked this head-on. take a listen. >> i think it was a surprise. we were not expecting that response. when you look at the core elements of our business, they remain healthy. if you look at north american for our flagship recruiter products, it has remained consistent. our core updates, business solutions, still the fastest growing business we have to scale. post the launch of our reimagi

. >> her son, tim and ramie, the family they had left. they live on the road in the rv. >> tim was you either come along with us or we have to put you in a nursing home. because i couldn't stay by myself. >> she just sat there quietly for a minute. i think i would like to come along. >> ready to roll. >> so began the road trip with the fab 4. tim, norma, raimie and ringo the dog. they left michigan and made it to rushmore. she saw the presidents. and then, old faithful at yellowstone. gazed into the grand canyon. looked down on florida from a had her first pedicure in georgia and indulged in more beer and cake than she can remember. >> did you think you would have this much fun at 90? >> no. no. >> want to pop a wheely for him, mom? >> sure, why not. >> i have never seen her smile this much. >> tomorrow i will be teaching my kids about you. >> ramie posting about their trip on facebook. now more than 200,000 people are getting to know norma. >> you are a sensation. >> her own son is getting to know her too. >> this allowed me to have disc

rami: u.s.orces have captured the head of the islamic state head trying to develop chemical weapons. he was captured in northern iraq, this is the first major success out of the pentagon's they plan to go after islamic state heads. the u.s. plan to deploy tanks, helicopters and infantry vehicles capable of destroying russian troop carriers. nato has been working to determine russia in the wake of vladimir putin's intervention in ukraine. -- senate republicans to block president obama's supreme court nominee. 55% oppose the gop's tactics according to a new nbc news wall street journal poll. the white house is already vetting candidates, but republicans who vote for a republican president say the next commander should have the power. meanwhile, attorney general loretta lynch says she is not interested in the job and has asked the white house to remove her name. the u.s. government will test alternative payment plans to try to lower cost or expense of medicare drug program. it has to do with doctor

ramy: markets closed mixed in some very light trading. essentially because of the bank holiday tomorrow and the three-day weekend for easter. take a look at where we stand. at the end of the day, you can see the nasdaq is up the most by about .1%. but this was not enough to help the nasdaq close in positive territory for the week read take a look at where we are. the nasdaq is breaking its five-week street, down minimally. but it had rallied as much as 13% at one point over the past five weeks. let's take a look at some specific stocks. apple right now is down by about .1% for the entire week. interestingly, not much movement despite the new iphone coming out on monday, as well as the court hearing that was delayed on tuesday over in riverside. amazon, also going the other way. a pop of 4% here. this is the biggest weekly gain in the past five weeks ago, after apple saying it is still years away from developing its own cloud platform. you may remember apple said it would move some of its operating systems to the cloud that form there. goi

we're joined by ramy inocencio. ramy: today we saw a rally, call it a yellen two-day dove rally.aq all, dow, and opt on the order of about half a percent. the highest since the end of last year or early this year. funds's are no pricing in a 50% chance of a hike, no earlier than this coming december. a lot of change happening with what creators are envisioning. hop into my bloomberg. i want to show you the performance of the nasdaq, so far year to date, and i want to direct your attention to this green box here. the nasdaq for this month is up by 6.83%. we are definitely pairing the losses we saw from the cross equities, down 7.8% in january. the last time we had a good market performance for the nasdaq was back in october, 2015. five months since we have seen a good rally. let's take a look at what's happening with some individual stocks right now. first off to the nasdaq's top two. 1.8%,rising, up by nearly rallying to a three-month high after an upgrade. they are also increasing their 12 month price target by $10. they say sales growth is up 18% in the past year. afteroft up b

david: let's check in on the bloomberg first word news with ramy. we had the u.s. presidential politics and the latest update. it was missing something, the name-calling and anger of previous showdowns. donald trump embraced the idea of party unity and said his campaign has been a positive force. i think frankly the republican establishment going everyone took called it should embrace what is happening. we are having millions of extra people join. we are going to beat the democrats. we are going to beat hillary or whomever it may be in we are going to beat them soundly. is favored to win .n florida ben carson endorsed him. ted cruz had hoped to win that carson endorsement. at the same time, trumps opponents have put aside trump university, calling a fraudulent. his response is that 90% of the students gave their experience a positive review. they say they were pressured into giving good evaluations. instructors ignored practices thegned to make sure that surveys were killed up objectively. japan marks the fifth anniversary of the deadly earthquake and killer synony

rami is here, helping me out. >> jab, one, two. >>> dit snow today but not there. like the snow will in the last too long. temperatures are very cold up there this morning but the snow is gone for all of us. chilly temperatures remain. it will be breezy today and tomorrow but yeah, 70's by thursday. there is the exit of the snow that fell overnight, barely a coating in most places. so today 50 degrees. tomorrow 55. and by wednesday, 68 degrees. and we should hit 70 by thursday. even possible on wednesday, really. then some rain with the cold front on friday, probably in the morning, and by saturday and sunday, it is a little cooler but still looks good for easter weekend. is there your seven day forecast, bill and alex. >> i'm still trying to get this straight. national french bread day, kathy orr says national california strawberry day, talking about strawberries and cream. we have macaroons. yesterday was national macaroon day. we do need to be working out. >> let's do national eat day. >> yes. >> it is spring season. >> get to the gym afterward. >> that is true.

it is tv, man. >> come on down, bill. >> i'll be down there. >> rami elite. >> we need to get to somereaking news, sayreville police officer is now dead after being shot while in his personal vehicle this morning, this is according to njn.com. >> sayreville in middlesex county new jersey, the story is still developing, as we get more information, and updates, we will certainly bring them to you as they become available. >> we have learned that a police officer has died this morning. we'll work to get more info. let's take a break. winners are showing up all over pennsylvania. and with more than 500,000 winners of match 6, cash 5, and treasure hunt every single week, that's not a big surprise. winners, winners everywhere! play today! >> brought us the 70s, dazed confused now giving us the 80s with his latest fell many everybody want some. >> group of college baseball players navigating their way through adulthood. let's take a look. >> welcome the new guy. >> look at what we have here, ladies. >> finding out who you are. >> you guys want to try? do it. >> (movie clip). >> joining us no

the tech heavy nasdaq rose good morning, rami. >> good morning, investors expected no change. but a lot were cheered by the comments from the fed chief, janet yellen, we're seeing the continuation of that positive sentiment here for the nikkei and the opening levels. topics back above the 17,000 level, 1s 7,104. what are the consequences, however, which may effect investors is that shift lower that we saw in the dollar, actually, following the fed meeting. so let's have a look at some of the levels here with the key pairs, the key pair of dollar/yen. clearly well under that 113 yen level. traded as high as 113.81. we'll see how that continues. that says the fed is looking at the downside risks from the external factors, an downgrading on investments. u.s. industrial production data didn't help. it fell 0.5% in february. now, we need to look at the reaction in energy stocks as well. crude oil showed strong gains of major oil producers would meet next month to discuss a cap on output. this follows an agreement between saudi arabia and russia, should other producers follow. produ

we're going to go to rami. what are you seeing over there? >> thank you very much. as you mentioned, the u.s. markets mixed, but european closed lower. investors cautious. not only about central bank, but we saw a slight dip in crude oil prices. a check of how the topics are actually kicking off. wednesday, march 16th and both indexes in the negative, the nikkei dipping below the 17,000 level. now, on tuesday, the nikkei fell after the bank of japan left policy unchanged. snapped three-days of gains. they started investing yen, pushed down, doj's outlook at bloom me gloomy, rushing to buy safer assets, such as the yen. let's look at some of the key pairs here. dollar/yen, 113, it dipped below that level yesterday. u economic data didn't help either. u.s. retail sales fell 0.1%. concerns through the market, china's daily fixing was weaker than expected. that fueled worries of a depressation in the currencies. would a worries over crude oil prices, futures fell below 2%, again, one positive to look out for, may be due to apple, after shares rose on a broker upgrade or

bernie sanders packed them in in a stadium rami in a state he's fighting to win today. >>> plus a new study find heart attack victims are getting younger and younger. why? the risk factors that are pushing people towards heart disease. >>> good saturday morni. i'm meteorologist karen thomas. we're in for a pretty mild weekend overall as i know everybody is getting ready for their easter holiday plans tomorrow and maybe today you're dying some eggs or getting the easter baskets ready. maybe the carrots ready for the easter bunny. i'm not sure. it's chilly outside. this morning you want to put a jacket on. we're colder this morning compared to this time yesterday morning. but all in all not a bad forecast, especially because we have easter festivities happening all across the region this weekend. 27 degrees right now in the poconos. 41 in philadelphia. just under 40 degrees in wilmington, delaware. here's the temperature change. 28 degrees colder in pottstown than it was this time yesterday morning. we did have a warm up there that set in for wednesday, thursday, friday but here we are