joining us now is rick rieder blackrock ceo and adam meyer.er three days enough for companies to invest even more in cybersecurity? >> i hope so. the scale and scope of this theg and the fact that patch has been around for over a month now is certainly of people need to be paying attentions >> rick n your world, does this matter? >> everything else in the world is incredible. in termswon't matter of the broad market. it started develop more of around the world. you think about the world we live in today. everything is at our fingertips terms of data. all the information flow. react when it comes significant, markets then all of a sudden reacts. is in the new world that we live in. great --ne of the >> this is where the bulk of the money being spent? >> 100% across the entire industry. is the crux what you do. >> looking at the situation, blame game here microsoft, for not providing the servicing for the older, or is it the companies themselves for take responsibilities? >> there's blood on everybody's hands when it comes to responsibility. the

it is payrolls friday including bill gross, rick rieder and mohamed el-erian. margin. up .2 on the s&p 500, up 31 on the dow. you are watching bloomberg. ♪ ♪ >> the consensus, the federal reserve looking fractured. i when it see i to comes to inflation. at a record high after a record high in 2017. blackrock's larry fitz pointing to a lackluster second quarter. and fund managers going all in on the banks, for more than one quarter of the s&p 500 this year. from new york city, good morning, good morning. ." s "bloomberg daybreak we are counting you down to the opening bell. futures are firmer on the market , of 1/10 of 1%. possibly 2/10 on the s&p 500. kaplan,e and robert with a bottle of scotch. the marathon conversation between these two, wrapping up, the highlights of which we will bring you quickly as they had the market daybreak. alix: here is where we stand in terms of movers. michael kors getting slammed by over 7%. the revenue was a bit at her, but really the outlook was not great. fourth-quarter sales missed estimates, slashing the first quarter, earnin

onnie: and that was rick rieder. >> the trump administration accuse the syrian government of carryingkillings of thousands of prisoners and burning the bodies in a large crematorium outside the capital. the state said that about 50 detainees a day are being hanged at military prison about 45 minutes from damascus. many of the bodies, it said are then being burned in the crematorium. a senior u.s. official says the fight to retake mosul from islamic state is approaching what he calls its final stages. the special presidential envoy for the global coalition against the extremists says iraqi forces are "completely defeating islamic states." but he says local iraqi officials say they will need more funding from the u.s. and others in the international community to rebuild in territory recently retaken from the extremists. u.s. and european union officials will meet wednesday over u.s. plans to extend an in-flight ban on laptops. the homeland security departments wants to include transatlantic flights. the travel industry are concerned by the idea which would cover more than 400 daily flig

up next, rick rieder will be joining us.s later, ed yardeni of yardeni research will be joining us about what the biggest risk is for the market. this is bloomberg. ♪ emma: this is "bloomberg daybreak." i am emma chandra. the chairman of the senate finance committee, senator orrin hatch of utah, is speaking with us. now to bloomberg's business flash. oil prices boosted results from crude production. that profit helped validate a purchase of the ge group. shareholders claim the company spent too much at a time when oil prices were falling. society general has paid $1 billion to settle a bribery dispute with the libyan investment authorities. that reverse a trial that is set to begin today in london, and it felt like drop in socgen's first quarter profits. electric car tesla is assuring investors the higher weighted model three sedan is on track to begin production of your that is an attempt to mitigate concerns that ceo elon musk is burning cash to bring the car to market. be tesla's most affordable car, and production is exp