manus: stephen bell, thank you so much.an follow all of our charts and functions and influence the conversation by clicking on the ask a question button at the bottom of the screen. manus: coming up, we will talk more about deutsche bank. the clients are returning after the turbulent late last year. much more to come on daybreak. ♪ 1:47 in thee back, morning in new york. u.s. got a boost from the tax plan and realized there wasn't much detail and fell back down to earth a little bit. let's get the bloomberg business flash with david inglis. david: let's get started with playmakers come on you look at adjusted earnings , missing analyst estimates there. complicated on deliveries of the new model .hich is slowed it will nots said be converting into a holding company. it came as the tech giant posted quarterly profits that topped analyst estimates on smartphones and component sales. samsung also announces first-ever quarterly dividend. jesse litvack has been jailed for two years and fined $2 million for lying to a customer abo

stephen bell to they are divorced and taking a very dark turn.he physically and mentally abused her. harvey: horribly. >> and he was in charge. harvey: and humiliated her and told her she was stupid and this and that. >> is this guy the worse person ever? >> there's more, there's more. >> drake just bought himself $120,000 chain. it's an o.v.o. chain. >> since it's the logo, is it the write-off? harvey: since it's something you wear in the ordinary course of things, you cannot deduct it. >> you think you can do a "tmz"

brad bell is right outside the fire line. ryan hughes on campus. stephen tschida at a senior center that was forced to evacuate. let's start by going to brad bell with the latest on the firefight. brad: this is still a firefight. it began at 10:00 this morning, and they are still putting huge amount of water on it. take a look back here. you can see the tower truck. each capable of 1,000 gallons of water a minute on the fire. you can still see the brown smoke, the dark smoke. the fire spread and still building on back of the building that they can't get to. now structural integrity of the building. the rest of the building from the fire and the water. a terrible blaze. just after 10:00 a.m., the smoke begins to spill the sky. flames roaring high above the roof of the under construction building. a nightmare for firefighters. and an entire college campus. for fire crews the building's design is the greatest challenge. brick is only on the facade, interior and the roof system. all lumber. fueling the rapid spread of the flames. >> no sprinkleer system, no al

stephen colbert" is up next. >> have a good night. >> listen to this. taco bell says customers age 19 and up are going to be able to buy beer starting in june. the flagship store in toronto will likely be the first. >> and now a message from the royal canadian mounted police. >> hey, there. last week i told you about canada legalizing pot. now we'll be serving alcohol atica neighborhood taco bells. be cool. yes, we all know beer goes great with mexican food. now, taco bell has just to start serving mexican food, including all brands of our canadian beer including

the secret service hop on the shineola bikes with the bells and streamers that come off the handle bar s. >> stephenity. >> off they go, the former-- oprah-- they're all gone, and i have a bike that you couldn't deliver newspapers with. ( laughter ) it was-- first of all, it was an undersized girl's bike, you know, with the thing-- not the-- not the manly bar. but the little-- that thing that goes down there. >> stephen: sure. >> it was rusted, like, all over. and instead of the handle bars out like that, they were in like this. and not only that, it only had one gear pawment others were, like, mountain bikes 27 gears and shifters. i literally have a single sproket and coaster brakes that hardly-- and i'm like-- and they said it's tahitian islands are beautiful to go biking because it's so flat. nonsense! i don't know what the french word is. it is not! this is what my view of riding a bike in tahiti was, up-up-up-hup-up-up. and i'm going like this. it was so bad i passed, like, my sixth tahitian corrugated tin hut of the people who live there-- they can live in like-- it's paradise. every one of wh

bell" exchange for this busy wednesday. joining us, hank smith from haverford trust, stephen guilfoyle from "the street.com."arge, doe spite the pundits who worry this market is overvalued, it is showing no signs of pulling back, especially on a day like today which could be vulnerable to whatever comes out of washington after two big up days we've had monday and tuesday. what do you make of the market action recently? >> let me tell you about being over valued, which by most metrics we are, but largely stocks are trading at 18 plus times earnings, next year's earnings. now, if you were to cut the tax rate like they're proposing down to 15% from the 27% that those estimates for next year basically assume, you're basically adding $1.31 for every single point, for all 12 of those points to s&p earnings for next year. so basically you're adding somewhere between 13.2% to 14.8% to next year's earnings. so basically we're trying on a shirt that's too large for us, but if these tax plans come to fruition in the way they are presented, we're going to fill out that shirt. >> all right. >> so, hank, that's certainly

bell exchange right now. what an interesting day this is. we have larry glazer from mayflower advice rs joining us. stephenuilfoyle from the street.com and sarg 986 llc. he is at post nine. rick santelli is feeling he is on vacation but he is at the cme in chicago. sarg, okay. adp numbers, the jobs number this morning lit a fire under the market. we were up 198 on the dow and the foimc seemed to throw water on the rally. what is going on today? >> i have been saying they should address the balance sheet before the tightening cycle began, i guess it rattled markets a little bit. really, how seriously can you take the federal reserve bank at this point? jeffrey lacquer embarrassed the central bank. he probably implicates janet yellen. daniel turello, also known as the complete embarrassment that used to run banking regulation, comes out and says the vocal rule probably went too far, distress test probably went too far. a rank amateur move, if you ask me. they're going to be replaced. this year three governors, next year probably the chair, probably the vice chair. i think, yeah, they're going to raise rates