taylor: i am a conservative. of the challenges in this country is we know where it is coming from. we know it is coming from mexico, from china. wall, because i am a conservative republican. you mean not agree with that, but we can get on the same page of helping re law enforcement. >> we have seen this of overdose of overdose deaths just in the last few years. our country has been suffering from a scourge of drug use for a decade. the reason this becomes a potent point is the number of overdose years hasthe last few gone up dramatically. that is largely due to fentanyl, and the importation of drug cartels and other criminals bringing fentanyl in from china and mexico into our country has has to stuff. the last administration failed to protect americans. the trump administration is working day and night to keep drugs out. that is why we need to build the wall and screen this stuff. it has to stop. >> we have always had drug problems in america. different views on how to solve it. here is what has changed -- 85% o

i am taylor riggs. this is bloomberg. david: thanks so much, taylor. to the ins and outs of washington, no one knows them better organized operated at the highest levels longer, then joseph califano. he served as an a in the kennedy administration and then served president johnson and ultimately joined president carter's cabinet as the secretary of health, education, and welfare. in between them he has been a lawyer in washington and done a lot more. he is just out with a new book, his 14th called "our damaged democracy." welcome joseph califano to bloomberg. >> great to be here. david: what is wrong with washington -- in reading this book you say all of the above. i think the three branches of government have lost their constitutional baron. there is colossal power in the presidency. congress is crippled. and the courts are politicized, including the supreme court. , thisk for the president is 50 years of accumulated -- from public and government democratic -- this is a nonpartisan look. sent millions of americans into combat. a million have been woun

i am taylor riggs. this is bloomberg. vonnie: taylor, thank you.r just mentioned, president trump signed the budget deal approved by congress this morning,30 ending a brief partial government shutdown. is set to release is $1.5 trillion infrastructure plan on monday and his blueprint for the 2019 budget. let's discuss it with the chief content officer for bloomberg. the shutdown risk is over at least for a year. what was given up, for who would have won this fight? >> what was given up his complete and other discipline on fiscal spending from the gop. the fiscal hawks have basically disappeared. with the exception of rand paul. essentially what congress did is give the government a free check without any limits whatsoever on spending for the next year. $300 billion for military and domestic programs is going to add to the deficit. vonnie: all told, will it goose gdp growth? is it better for the economy to have a blank check? or will this cause problems down the road? marty: it is my view that eventually it could cause great problems down the road i

here's taylor riggs. taylor: the u.s.rotect 1.8 million young undocumented immigrants facing deportation. urw makers lost for proposals over the extension of protection for the dreamers. the 17 people killed at a florida high school were remembered at a candlelight vigil. the names of the victims were read out loud and there were signs asking for action to fight school violence. meanwhile, a judge ordered the suspect in the shooting held without bond. according to an arrest report, nikolas cruz confessed to the police. he arrived at the school in an uber, and then begin shooting with a semi automatic rifle. the u.k. is ready to sell its vision of how financial services should work after brexit. according to the financial times, they would be mutual recognition of regulation to preserve the city of london's access to the eu. be aays there would dispute resolution process that could propose solutions of one-sided breaking the spirit of the agreement. it might have been the worst kept secret in japan. shinzo abe has nominate

taylor riggs is here with us. president trump has endorsed more control over gun sales in the wake of the florida school shooting. on twitter today, the president said he will push for tougher background checks to green from -- to screen from mental health. president trump also once a ban on bump stocks that allow some rifles to be fired faster. president trump promised nation's broken bridges and roads with help from australia. governor sayse the u.s. economy is in the best shape since the guys of crisis. he spoke today in tokyo. he endorsed the raising of interest rates. it is brexit decision time for british prime minister theresa may's cabinet. she is shutting her most senior ministers away in a room until later today to force them to agree on what sort of trade deal they want with the european union. she needs an agreement before making a speech to announce our plans. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg.

here is taylor riggs.et aside long-standing differences with former republican candidate mitt romney. has been critical of the president, but republicans are trying to hold on to their majority in the senate. special counsel robert mueller has expanded his interest in presidential son-in-law cherish kushner -- jared kushner. they are investigating efforts for jared kushner to secure financing for foreign investors during his campaign. robert mueller is looking at talks that jared kushner had with chinese investors. the u.s. has find european banks billions of dollars for helping iran during sanctions. former treasury department officials says the focus is turning toward asian banks. lenders in the region may have played a part in helping iran bypassed the sanctions that were in place before the landmark nuclear deal. the u.k. is promising not to touch european union regulations in the post brexit britain. david davis will reassure the eu in a speech today in vienna. he says cars built an approved for sale

carol: and taylor swift takes on the scalpers. julia: all that and more on "businessweek." ♪ carol: we are here with the editor-in-chief of bloomberg businessweek, joel weber, talking about the olympics getting underway. this story looks at the unification front between north and south korea because of the games. >> north korea is making the most of this little opportunity. if there were an olympic medal for freestyle propaganda, they are getting it. julia: what are the south koreans getting out of this? they will march their sports stars under a unified flag with the north. that is a big statement. >> that is what this story is about. why would you be willing to do this? that was the question we posed because we think this is going to be short-lived. the games are going to happen and we will be right back to a different mood. carol: you have to think about it too, because it is a great sports story. everyone likes to watch the olympic games, but it is also a financial story. south korea has paid billions in getting ready for thes

taylor: u.s.is brushing aside signs investors are growing nervous about rising prices. mnuchin tells bloomberg trump administration policies will raise wages without causing broader inflation. long-term treasury yields have part recently part -- in due to budget concerns that will raise inflation. deputy atrmed sheriff the school where 17 people were killed took cover when the shooting started instead of going after the attacker. the deputy has resigned after being suspended and the sheriff said his office received two dozen calls about the suspect over a decade that may not have followed up adequately. pakistan is going to be placed on a terror financing monster list -- monitor list in june. opposed tohina was putting pakistan on the list, but now it has relented. european union preempted the outcome of british prime minister theresa may's day long brexit strategy session. she gathered her senior colleagues together. she got an agreement that the e.u. -- and e.u. already said it will not accept t

here's taylor riggs. taylor: tom, francine, janet yellen says u.s.tate prices are high, but she stopped short of saying those markets are in a bubble. the former fed chair also told cbs news she's disappointed president trump didn't nominate her for a second term. safety investigators in south carolina say a fatal passenger train crash could have been prevented. two people were killed and more than 100 injured when an amtrak train crashed into a freight train. a switch was locked in the wrong position, sending it on the wrong track. economic momentum rose in january to the fastest pace in almost 12 years. according to ihs market, that led companies to add the most workers since the turn of the century. europe's expansion has been helped by a pickup in global trade and ultralow borrowing costs. and philadelphia is celebrating its first super bowl victory, a come-from-behind win over tom brady and the new england patriots. nick foles passed for 373 yards and three touchdowns, including the go-ahead score with little more than two minutes left. then the

live from new york, this is bloomberg. ♪ taylor: this is bloomberg daybreak. i'm taylor riggs.ining ceo. ♪ alix: james bullard speaking in d.c. having interesting headlines coming out. they see a rise in inflation expectations. that is welcome. inflation expectations in the u.s. have moved up some. they expect inflation expectations to move up under appropriate policy. this is important because it was really entrenched to the downside. the concern is if you have breakevens below 2%, how will the fed ever be able to raise rates? that shift in one of the most dovish of the community is significant. david: if those actually start trending up, that changes the posture, sets up jay powell tomorrow.market -- alix: he says to keep the policies somewhat fluid. the market reaction is not attend. you are seeing strong buying coming into the market across the board. the dollar index is off the low of the session, but we have been grinding higher. the euro-dollar grinding higher. we expect maybe a little hint of a inflation expectation coming up. david: we turn to energy. for most of us, w

i think the fa will wait for anthony taylor's report.oyous, but the stewards made no attempt whatsoever to stop the fans getting on the pitch. they would have struggled anyway. there was a flash point ago because of those city players were caught up still on the pitch, and a couple of those wigan fa ns pitch, and a couple of those wigan fans try to have a go at sergio aguero, one of those players who was caught up in it. they didn't get to him but it could have been quite nasty. also, there were 5000 manchester city fans here this evening. the segregation did not work either at the full—time whistle, and they confronted some of those wigan fans as well. yes, wigan are the bogey came and knocked them out of the cup three times in the space of five years now. but there will be a bit of fallout after this tie. the most immediate concern for manchester city is that there quadruple is now just manchester city is that there quadruple is nowjust a treble. and it could be down to a double if they don't beat arsenal in six days' time in the leagu

i and taylor riggs this is bloomberg. tom: taylor, thank you.this data quick. features up 30. got futures up 288. , not big figures, but we are getting there. the dow, we forget where we ended up on friday. i'm sorry, folks, not bad. bond should be green, up two basis points. higher yield this morning. francine: i'm looking at six. stocks in europe overall are climbing. s&p futures also rising. if you look at the dollar decline, is supported with metal higher. very good. let me look at lehman lows. and george bory. i decided to look at the bond market. total return index. here's the lehman low, and equity kind of thing, i guess. here's a terrible bond pullback. bond pullback.e we need to put things in perspective. francine? francine: this is my perspective. this is s&p 500 chart back to 2004. ,very time there's a red circle that market pullback was around 5% if not more. you can see it is from june of 2016 that we have not had such a pullback. the week that was last week, well, we know when that happened. but nothing from last week until or sinc

captioning sponsored by cbs taylor harkin thousands demand gun control following the massacre at a florida high school. >> this isn't just a mental health issue! he wouldn't have harmed that many students why a knife! >> ninan: also tonight, russian officials call it a fantasy that they meddled in the u.s. election, but the u.s. national security adviser disagrees. >> the evidence is now really incontrovertible. >> ninan: at the olympics in south korea, u.s. figure skater nathan chen makes a remarkable comeback, and superstar lindsey vonn makes her debut. in southern mexico, a massive earthquake leaves millions without power. and overcoming his disabilities. a young man spreading good will by transforming legos into art. >> super terrific happy time is what i like to call it. i just enjoy what i do. this is the "cbs weekend news." >> ninan: good evening. i'm reena ninan. the outrage and anger over the valentine's day massacre at a high school in florida is overflowing. 14 students and three faculty members were killed, and at a large and noisy rally today, several students from the school

taylor riggs. this is bloomberg. vonnie? vonnie: taylor, thank you. coming up, weight watchers is up 6% in the first hour of trading. we will get the skinny with ceo mindy grossman. this is bloomberg. ♪ mark: five, from london, i'm mark barton. vonnie: in new york, i'm vonnie quinn. this is "bloomberg markets." weight watchers reported earnings after the bell, yesterday. full year guidance came in well above estimates. their new weight loss program, freestyle, helping it to outpace competitor nutrisystem. with me now, international ceo of weight watchers, mindy grossman. i feel like i need to do a dance when i say freestyle. but it's not just a marketing campaign. you are in just marketing better. it's a whole different strategic look. the freestyle program has massive science behind it. it was in development for a time. what it really allows people to do is livable eating. there are over 200 foods that are zero points, on the evolution of smart point values. it really is about nutrients, it's about calories, it's about society. it's really teaching y

taylor riggs has that. taylor: moore signs that the pickup has rattled markets this month.urprisingly rose by 1 .5%. they jumped the most in almost three decades. the core inflation gauge, which includes food and energy was higher than expected. there is an indication that consumer demand in the first quarter is cooling down. retails tells in the u.s. on it actually fell in january down .3% in december sales were revised downward to show little gain. dropped the most since august. president trump calling on the senate to back an immigration bill foster by republic and senator chuck grassley and others, and it would bend $25 billion on virtual border fences. meanwhile, undocumented immigrants could become citizens after 12 years. in london, boris johnson has kicked off prime minister ,heresa may's roadmap to brexit and appealed to supporters to embrace britain's numeral. threat, not an economic but a considerable opportunity. a manus is -- manifestation of the country's historical national genius. global news 24 hours a day powered by more than 2700 journalists and analysts

here's taylor riggs. taylor: we are starting with germany. lasted since september appears to be over. angela merkel's block has reached an agreement on a coalition government with the social democratic party. that's according to the social democrats. members of the social democrats will still have to vote on the deal. the house hasl, passed a temper a spending bill that would over a government shutdown tomorrow night. it would lift that cap stuff on the military through september. a broader budget bill may be added to the legislation before the senate vote. leaders say both parties want to end the cycle of temporary budget measures. vice president mike pence is in japan where he is threatening north korea with the toughest economic sanctions yet. he spoke after meeting with japan's prime minister. his sister has named to represent north korea at the want to olympics in south korea. she will be the temp dynasty's first official representative to set foot in the south. global news 20 for hours a day powered by more than 2700 lists and analysts

i'm taylor riggs. this is bloomberg.ascinating situation as the drama swirls around jacob zuma's future, trading weaker which mize stronger run which likely means the market -- means a stronger run which likely means the markets will be stronger. nejra: bouncing back today after the worst week for stocks in two years. investors getting a reprieve. equities around the world are seeing stoxx 600 up 1%. volatilityuntary -- subsiding as well. there was a four-year high inmate -- amid concerns that the fed might raise rates. with us to talk about this is andrew milligan with standard life investments limited. we are down one and two basis points. we have details coming through from president trump is a budget. -- trump's budget. will that beas -- a reduction in selloff equities? there is a lot of fiscal news. the republicans were meant to be a party that like fiscal restraints. that isn't what we have been hearing. we will look at cpi numbers. two, itast month or could be a factor. inflation is expected to remain restrained.

taylor riggs has more from new york.resident trump us started on twitter today for top democrat of the house intelligence committee. one of the biggest leakers in we must be he says stopped or highly critical of president trump during the fight over the controversial republican memo. markets led companies to the most workers since the turn of the century. your expansion health pick up in trade and ultralow borrowing costs. opec decides to us limits on output, the country poses oil minister can raise daily production by at least 100,000 barrels within five or six days. opec and producers such as pressure meet in june to decide whether oil prices are high enough. and in south korea, samsung's electronics air is free to leave is in a most a year after he was detained in a bribery scandal. a high court put him on probation for four years. caught in a corruption probe that block down the former south korean president. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i a

vonnie: taylor, thank you.shocks from the global stock selloff continue to reverberate in the markets today. you can see the major indexes are down. more so in europe. here in the u.s., though, all the two stocks in the dow are lower, and the s&p is down by two thirds of 1% as well. joined now by morningstar's top ranked fund manager. she called the capital ceo. congratulations, first, sarah i wonder how much you anticipate reverberations to continue over the next several sessions, in the u.s. and abroad , where your stocks are located? thank you, vonnie. i work with an incredible team. as for stock markets, this is what they do. they are supposed to be volatile. it was unusual, having such extremely low volatility. this is the norm. we should expect more volatility. central banks essentially are in a very different mode of taking some of that excess liquidity off the table. where will the pockets of liquidity manifest themselves? >> they already have insulated asset prices. the key for us, as portfolio forgers

this is bloomberg . ♪ ♪ taylor: i'm taylor riggs with your bloomberg business flash. company is booking a $1.6 billion charge against the military transport. airbus says meeting its target would depend on overcoming engine problems. warren buffett has given a vote of confidence to teva pharmaceuticals. berkshire hathaway invested $350 million in one of the world biggest generic drugmakers. has been her by the recent slump in u.s. generic prices. hedge fund billionaire ray dalio has amassed an $18 billion bet against the biggest companies in europe. conditions on the continent of your to meet his requirements for selling stocks. a strong economy, close to full employment at rising interest rates. ,mong the companies, siemens airbus and vivendi. alix: the 10 year yield continuing to march to 3%. the equity market route brought into question at what point do the yields impact equities negatively. >> i think really the reappraisal of value in the stock market has mostly been led by sections of inflation. i don't think we've seen the top yet. >> the 10 year at 3% makes sen

. >> president trump named johnny taylor junior education secretary, betsy devos introduces president trump. >> that afternoon. and betsy devos, u.s. secretary of education. this administration seeks opportunities for all students especially those underserved and marginalized. this is a very important role in american education. and president trumps leadership in up lifting hbcus were taken important steps to ensure that hbcus remain influential in the country. it's a pleasure to work with the director and the entire staff of the initiative to join president trump and his strong commitment and his success in hbcus and we are excited to hear from the president. >> thank you. it's very important to me to again i want to reiterate a commitment to what we're doing in many different aspects an incredible job betsy's story. missing the fruits of that labor. i want to support and say congratulation to jonathan holyfield then members of the white house initiative and historically black colleges and universities read our country. they're working hard, doing well until commitment to them today.

taylor riggs is with us. taylor: a bit of a mixed picture here. you have the dow jones off .2%. the s&p 500 up .2%. upeye is on the nasdaq, almost .8%. i'm thinking the qualcomm bid that was revised higher is pushing everyone else higher today. whathing i'm looking at -- is not higher today, the next short positions on the nasdaq 100. we are taking a look at net shorts. we've had a good record month. my eyes will be on what happens here with the nasdaq 100. some of the other stocks we are watching today, the movie theaters. black panther had incredible opening over the weekend. are the ones i'm looking at. amc had one of the biggest sunday's in history. they are keeping a look on the theater stocks. we are looking at the walmart dependent suppliers. we talked about how walmart missed on some of the e-commerce growth numbers. what does that mean for the foods they sell? those are trading lower in sympathy. we willentory issues -- wait to see how all of this plays out in the coming quarter. vonnie: thank you. shery: stocks edging lower today as the 10 year yield climbs ahead of a

taylor riggs is here.it official, he is running for the senate from utah. his goal is to serve the people of utah and bring values to washington. he's running for the seat held by orin who is retiring. according to an arrest report, a former student invest to the deadly school shooting in florida. in the schoolas for just six minutes. he's accused of killing 17 people. people turned00 out for the candlelight vigil. the names of the victim were red. at one point, the crowd chanted "no more guns." japan hasminister of continue him to running the bank of japan for another five years. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. i am taylor riggs. david? david: no deal. qualcomm has injected broadcom's latest offer. it is materially undervaluing the company. join us is bloomberg .ntelligence analyst welcome. welcome back. this is an ongoing saw that. is there more to be written? >> it depends on how firm the last and final is. this

here's taylor riggs. the european economy will grow faster than expected this year and next. the eu forecast 2% growth in 2019. but it also says inflation will remain subdued. that is a disappointment to the european central bank. taiwan, hundreds of rescuers are searching for people cap in the rubble after a killer earthquake. at least six people were killed and 200 others injured. the magnitude 6.0 quake struck the east coast of taiwan late tuesday. a hotel was one of the buildings that collapsed. in south korea, there has been an outbreak of nora vivus at the side of the winter olympics. about 1200 workers are being quarantined in their rooms. the military has been brought into work at 20 of the venues. the opening ceremonies are friday. president trump apparently was inspired by a grand military parade he witnessed last summer in paris. according to "the washington post," the president wants the pentagon to plan something similar to show off america's military might. "the post" says he brought up the

here is taylor riggs.ouse reportedly wants more options for an attack on north korea. white house officials are frustrated by what they see as the pentagon's reluctance to offer more plans for a strike on kim jong-un's regime. the pentagon is concerned giving president trump more options increases the chances he will act. in germany, large policy differences remain between angela merkel's block -- besides have a self-imposed sunday deadline. yesterday they reached an agreement on education spending and day care. the bank of japan has taken action to back claims it is not following the fed and the european central bank. they ramped up bond buying's to damp investor speculation they may roll back stimulus. it's making it harder for the boj to reach of the inflation target. head the woman to federal reserve received an emotional farewell. hundreds of central bank staffers gather to stay get -- say goodbye to janet yellen. jerome powell will be sworn in on monday. global news --global news 24 hours a day, powe

thanks, taylor.ple plans on unveiling new features this fall as part of its annual software upgrade, the most important improvement is what's not being debuted, that redesigned home screen and photo app. apple is trying to renew its focus on quality in response to criticism that some of the company software has become prone to bugs and underdeveloped features. here with that scoop is mark, from san francisco, joining us. seems as though apple has been a slave to its upgrade timing, right? the big unveil that it does in the fall. this represents a pullback from that? talk us through what's going on. market: that's exactly right. apple has been in this position where it needs to come out with 100, 200, 300 new features every year. they tout this for marketing purposes, to show the lead over android and competition with the new chinese manufacturers, but it has really taken a toll on apple, these engineers having to strike this deadline every fall to release these teachers. there have been bugs, lately.

alix: here is taylor riggs.mnuchin brushing aside signs that investors are nervous about rising prices. he tells bloomberg that the trump administration policies without causing broader inflation. long-term treasury yields have risen and concern that ticker deficits will fuel inflation. in florida, the only armed sheriff steffi at the school where 17 people were killed took cover when the shooting started instead of going after the attacker. the deputy resigned after being suspended. the sheriff says that his office received two dozen calls about the suspect over a decade, but may not have followed up adequately. reports that the trump administration is considering taking money from a billionaire tomove the embassy jerusalem. that would add more controversy to the decision of moving the embassy from tel aviv. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. we will go to china now. the news out of beijing when chinese regulators took

here's taylor riggs.ate over immigration with the two sets far apart. mcconnell backing a bill that provides president trump path for and the citizenship for 1.8 million undocumented immigrants and provides money for wall on the mexican border. democrats have rejected the plan. opec and its allies have almost dried up the glut. the cartel faces a growing problem -- rising supplies from u.s. and other rivals. u.s. output will soon surpass and maysaudi arabia overtake russia as the global leader by the end of the year. in south korea, the chairman of retail giant latte group will be sent to prison for bribery. sent to 30nt was months. they bribed in exchange for government favors. olympicsit the winter and attempt to shame its organizers. a cyber attack paralyzed internet networks at the opening ceremonies in south korea last friday. whoever was behind the attack new usernames and passwords . global news 24 hours a day 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloom

here's taylor riggs.ina is taking that could allow president xi jinping to stay in power indefinitely. the communist party is set to reveal presidential term limits that keep the head of state from serving more than two consecutive terms. that would do away with the orderly succession system adopted after mao zedong. is taking ause wait-and-see attitude when it comes to north korea. kim jong-un indicated he's willing to hold discussions with the u.s. a white house spokeswoman responded, we will see if that represents the first test toward north korea ending its nuclear program. mexico's president has indefinitely put off plans for a white house visit. that is according to officials familiar with the matter. the "washington post" says the trip was canceled because in a phone call president trump would not agree to publicly say that mexico won't pay for the proposed border wall. in the u.k., the labour party is putting pressure on theresa may over brexit. labour says it wants a new customs union after the s

his taylor reeves.oups are calling it one of the deadliest attacks war inseven-year long syria. the trump administration says vice president mike pence was ready to meet with north korean officials during his visit to the winterland x, but they backed out. that would have been -- winter olympics, but they backed out. that would have been the biggest meeting between the u.s. and north korea and more than a decade. according to "the new york times," a struggle with white house chief of staff john kelly and jared kushner about who can see classified documents. a judge denied a bid to uncover evidence the trump administration may have influenced at&t's decision to decline the time warner deal. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. -- taylor riggs this is riggs. this is bloomberg. this may be -- tom: this may be the most important interview of the day for the president of the united states. he is the ambassador to india, but far more, rober

here's taylor riggs.onaire ray dalio is going against the grain when it comes to europe. bridgewater associates spent more than $18 billion against some of the continent's biggest ox. he spoke to bloomberg about the challenge in europe. ray dalio: the issue has to do with giving this expansion going because if you talk about the political issue, then there is the challenge between the haves and have nots. this is a worldwide challenge. you must not have an economic fly back because if you have an economic slide back, that is where the real political problems are. taylor: most of bridgewater's peers are betting european equity will rise. it is another sign of consolidation in the semiconductor business. according to the wall street rostemmy has a market value of $7.6 billion. that is your bloomberg business flash. francine: investors are preparing for jay powell's first appearance at 10:00 a.m. eastern time. joining us now, the senior vice president and chief global strategist. thank you for joining us. it

i am taylor riggs.omberg. bonds, boies, bonds, ndsnds, bonds. we are looking at the two year higher. futures, up 72 right now. curve flattening. the 10 year static and the two year yield, higher. you get a narrow distance in the .62 on the spread. the vix backs up 17.94, with the dow nudging up, neighboring the 24,000 level. will leave it right there. francine: i'm looking at a similar data check. we have heard from jay powell. and we look at the global stocks, and european stocks. let's at the board up. i think we have it. you can see stocfkks in europe, down a touch, an extension of the selloff. powell seems to have an impact on global stocks. i am looking at yen, as they said they would continue the bond purchases at the same pace as they said they have been and we are getting inflation data from the euro area. a little slower than the previous month, so that matches previous suggestion. tom: this is a chart that started percolating this weekend and i heard people talk about this. this is inflation,

really a pleasure. [ cheers and applause ] taylor kitsch, everybody.paramount network on february 28th. we'll be right back with maggie haberman. [ cheers and applause ] ♪ wait a minute. this disinfectant spray says i have to rinse off the disinfectant after i've disinfected? yeah, i'm not gonna do that. but i am gonna do this. seventh generation's disinfectant spray. it kills 99.99% of bacteria, and there's no rinse required. which means i can spend more time tickling these babies. guess what time it is? time to come clean with seventh generation. #comeclean do you always put cheez-it grooves in your sandwich? of course. they're chips. chips plus sandwich equals the perfect lunch. oh! don't forget the pickle. it's kind of a big dill. more cheez-it variety, more cheese flavours. because real cheese matters. more cheese flavours. a little to the left. 1, 2, 3, push! easy! easy! easy! (horn honking) alright! alright! we've all got places to go! we've all got places to go! washington crossing the delaware turnpike? surprising. what's not surprising? how m

we are taking forward this or speaker 52 of the figure three recommendations in the taylor review. on zero our contrast, we are creating a right to request a simple contract. for the first time, mr speaker, for the first time, the state will take responsibility for enforcing a wider set of employment rights including sick pay and holiday pay for the most vulnerable of workers. but labour's shadow business secretary was scathing about the government's plans. many of these workers faced a precarious and unstable working life. they needed to do something bold today but it appears that they are simply papering over these weak realities with rhetoric. launching four consultations, merely considering proposals, and tweaking the law here and there is not good enough. we need clarity on workers being paid when they are logged into apps waiting to receive jobs. as well as clear and urgent direction on the legal status of gig workers. why was there not even one mention, not one mention of trade unions? and on the genuinely self—employed, we see the creation of a website allowing the self—emp

this is bloomberg. ♪ taylor: this is "bloomberg surveillance," and i'm taylor riggs.d news and bad news situation for uber. there was six to 1% sales growth in the first quarter with to put billion dollars, but for the year, they recorded a loss of $4.5 billion. thefinancial report shows company keeps increasing revenue and making progress on cutting losses. in japan, toshiba has brought in theutsider in the wake of accounting scandal and downsizing. capitaldirector of cdc partners. toshiba is in the process of selling the memory chip after billions of dollars of losses in the nuclear energy business. that is your bloomberg business flash. francine: now let's get to south africa. it is crunch time for jacob zuma. police raided the johannesburg home of the gupta family, close allies of the embattled president. our reporterw is from johannesburg. is jacob zuma on his way out, or not? well, certainly the hascan national conference recalled him from his position, which means you need to resign. or he will face a motion of no-confidence in parliament, which will be the qui

taylor is actual the guy who brought the philly special to the eagles after watching tape of the 2016rs. again he is taking over for john defilippo headed to the vyke to go become their new offensive coordinator. still no word yet on who will take over as the eagles offensive coordinator for frank reich again he's headed to indianapolis to become the new head coach for the colts. but it does make sense for them to promote from win. i'll have more on those coaching hires including who i think would be a good fit as the eagles offensive coordinator later in sports. lucy. >> all right. we'll talk then. thank you very much, kristen. >>> caught on camera, fresh off a super bowl win, almost in handcuffs. police apparently confused equals running back core row clem meant for unruly fan during the parade. video posted on instagram shows clement on the side of the buses that were carrying players. two officers apparently did not recognize him at first and grabbed him. look like once they saw who he was, they let him go. rookie from glassboro scored a touchdown at the super bowl and was a key p

i am taylor riggs, this is bloomberg.ing up, how are conservatives rating president trump's position on gun control. we are live, this is bloomberg. ♪ vonnie: breaking news, president trump's meeting with state and local leaders on school safety and he says the nra and republicans want to get something done on school safety. that is a direct quote after a slew of tweets acting everything from reform to emphasis on mental health also support to nra leaders. reporter international is at cpac at harbor, maryland, and so for attendees have heard from the nra president and also vice president of the united states, mike pence on debate under control taking center stage. an interesting time to hear from when not year, and he didn't pull any punches on this issue. it was a speech for the red meat from nra ceo, accusing the left and up certainly so the press of trying to take away second amendment rights and trying to destroy individual freedoms. it was a rallying cry to conservatives, activists who are assembled here to work and

we turn now to taylor riggs for first word headlines.lor: the top democrat on the house intelligent committee getting tough words from the president. adam schiff was accused of being one of the biggest liars and leakers in washington. he was highly critical of president trump during the fight over that controversial republican memo. president's tweets false smear. a report that american troops have started to pull out of iraq. according to the associated press, the drawdown comes after the u.s. victory over the islamic state last year. the u.s. army says that the presence there will be based on conditions. theresa may, likely not to survive the civil war over brexit. plus, potential leadership rival, jacob rees, he has urged quitting the eu without transition. she has held onto her job so far by avoiding too much clarity on what the british divorce will look like. beer,ther of auto warm joined by mike pence as a special guest this week. this according to a trump administration a fizzle. to bringvited attention to the human rights abuses

here's taylor riggs. hours after the dow jones industrial suffered its worst point plunge ever. the nikkei 225 lost almost 5%. the euro stoxx 50 is also falling again. we will have more coming up in a moment. there's a report that present trump's lawyers are telling him not to sit down for an interview with special counsel robert mueller. that's according to "the new york times." that could lead to a lengthy court battle over whether the president would have to answer questions under oath. and the u.k., shoppers are spending more on essential purchases. consumer spending rose from a your go. barclays says that was driven by highe prices and market purchases. in germany, chancellor angela merkel is facing what is being called a decisive day in coalition talks. merkel needs a green light from the social democrats so she can begin a fourth term. the party says everyone wants a solution, but negotiations are contentious. global news 24 hours a day powered by 2700 journalists and analysts in more than 120 coun

david: thank you so much, taylor.pushed back against gun advocates with a fiery speech at the political -- conservative political action conference this morning. this is bloomberg. ♪ shery: this is "bloomberg markets: balance of power." david: the annual conservative political action conference -- mike pence leading up a series including marine le pen and nigel farage. kevin cirilli joins us from the national harbor. we have vice president pence this morning. was that a high point? what did he say? kevin: no question, vice president mike pence received well here. lapierre taking his critics head-on and doubling down on arming schoolteachers in schools nationwide to better protect against gun violence. last night, senator marco rubio distancing himself from several key points of the nra. now says he's in favor of raising the age requirement from 18 to 21 to obtain a weapon. president trump suggesting he had concerns about the video , sayingndustry teachers who carry a weapon should receive bonuses. feel this year is a

i'm taylor riggs, this is bloomberg.possible trade wars in the united states have a lot of people wondering whether any country is going to use its currency as a trade weapon. shahab jalinoos and gary shilling are still with us. davos the big topics that were the comments about's -- from steve mnuchin about the weaker dollar. is there any fear we will get to competitive devaluation? shahab: the ecb had draghi directly refer to those comments in an irritated tone. we had other ecb members discussing the possibility of higher volatility being a problem for the ecb. agreements that ofe existed on currencies not engaging in currency devaluation. any idea that this is frayed is a problem for the market. i'm going to go back to gary shilling. you have seen this play out for a long time. ruben 1995 that robert said a strong dollar is in the interest of the u.s.. have we really had a strong dollar policy for many years? gary: we really haven't. that was in mantra but he never said anything beyond that. we have the question is th

reminders about the taylor review. —— remind us. reminders about the taylor review. -- remind us.ave changed over the last few years and how the government should respond to that in terms of employment law and the enforcement of employment law. it noted there are trends to companies like uber and deliver real, people who employ people by thejob. real, people who employ people by the job. there is an increasing reliance on agency workers and people and zero—hours contracts, people and zero—hours contracts, people who are not guaranteed hours of work but do have a contract with an employer. mr taylor's conclusion was this does allow flexibility in the workplace, useful for employees and employers, but things were weighted too much in favour of the employers. he set out a number of recommendations to make life better for the employees, most of which the government has now taken up. what are they proposing here? it is pretty widespread, the proposals, that will affect so many people in this so—called gig economy?‘ that will affect so many people in this so-called gig economy? a set of

this is zachary taylor. and on loan to is a letter. the letter was written by zachary taylor when he was running for president to a friend of his by the name of colonel webb. and he's writing him about his vice president candidate miller gi gilmore. he is interested in their stance on slavery. zachary was a slave owner, but he wasn't for slavery continuing. but philmore thought slavery was evil but that the government should have no involvement in ending it. that's what makes it an interesting letter. the handwriting of taylor is pretty hard to lead which is sort of interesting because i think of these guys as having a lot more legible handwriting than a lot of people do today. some people of this era had gorgeous handwriting. not taylor's. as vice president he was essentially appointing a friend of his to a clerkship. so the letter that we have talks about is to mentor walter lyman wood, who actually got him started in law. and what i find interesting about this piece here is that i'm dealing with only one of millard fillmore's, but a