i think that trendline has been become worse.se are people tired of not being proud of their country. >> that's the nationalistic -- >> pop ulitch, absolutely. >> you working with rick santorum, you saw some of this in 2012, you got some of them, but couldn't persuade enough of the other republicans to come along, moderates, not ideological conservatives necessarily. what is the difference this time that has allowed trump to get a bigger coalition than santorum or mike huckabee before him? >> well, i think there's probably three big differences. first of all, is that donald trump has a much, much bigger megaphone than rick santorum had. second of all he's had more money than rick santorum. and third of all, i think this is the biggest point. they're angrier, so i think he's tapped into that and galvanized them. >> trump says he's bringing in millions of new voters. he's going to appeal to independents and democrats. i've seen a lot of polling that suggested these voters -- there aren't that many democrats. these are republicans w

byhad the policy rate cut the pboc and a big rebound in trendline, just above resistance today, so we. the shanghai composite is a much more volatile market, but if it is putting in the same technical pattern as crude oil, then that would suggest we has seen a durable bottom in the shanghai composite, and suddenly these negatives plaguing risk assets one by one seem to be going away, and that would open up the potential for a much better environment for risk assets. scarlet: something weird happened over the last couple of days, bad data with china pmi, oil prices come off, and yet stocks to rally, is there a decoupling here between the asset classes? when markets go up one bad news, that's indication that markets want to go up. we had this year when relatively good news, markets were going down, and down, and down, and it were concerns about the unknown of where the bottom would be in oil prices, how slow the chinese economy would get, how far the market there would go down. those were uncertainties driving things lower, even though the data had not yet gotten that bad, and that migh

also topping the trendline for the year as well.t the best-performing groups on the s&p 500 that we saw today. financials at the top, which we group that has lagged. energy equities were also one of the out performers. and that makes sense. very much risk on as everyone seems to have second thoughts. they got over their initial trepidation of what the ecb did with their explosive stimulus package. they decided it was ok to go back into risky assets. miss?at did you a critical two weeks for central banks. a stimulus package and the bank of canada decision to stay rates. next week, it is the bank of england's turn to announce policies. will we see the or increased coordination? director of strategy from deutsche bank joins us here in studio. what will we get? do you feel there will be any coordination? >> most likely not that much. bank of japan will probably go more aggressive. the question is if they will want to follow in the footsteps of the ecb. they might eventually. most of the central banks discuss what they are going to do. i

you draw the trendline.1980 two where we bounced yesterday, it's like people are waiting for that to crack. everybody wants to get short. julie: in terms of near-term catalysts, i know a lot of people are looking to the at -- the ecb tomorrow and awaiting more stimulus. are you seeing that play out in the options market at all in terms of bets people are placing? david: yeah. i think what you are seeing is definitely the event risk with the ecb, but you also have the .ed next week everybody is wondering what's going to happen then. and then we have the triple or coming up that same week. there is a lot of stuff coming up in the near-term. the small-cap rally has come off of the low. it has been all the ugly stocks that nobody really likes, the oil, the regional banks, the mining stocks, the ugliest orphans. they got adopted on the same day. the small-cap started to rally. as you saw yesterday, we had a huge down day. we are not even bouncing that much. i'm selling into this little bounce that we have here on

. >> why is the trendline so important? >> it shows who is moving up. days haven't been that good. as shaped where everything has gone down and bounced up from the february low. see again and again in these different markets, this shape, stronger down and a strong move up. alix: this is what i don't get about technical analysis. people seem to read the same thing differently. there saying it is good for bull market because everyone has been worried about it. we have bespoke investment group be a badat it could thing because it indicates the market is really overbought at this point. >> once you get that to an extreme level, and you can see on the complete opposite side that instead of 90%, it was 12% at the low, so a lot of the technical people who look for those turnarounds, that's what they look for. the dow jones transportation gorage has been rising, as the transports, so goes the dow, but we have not seen that correlation play out. >> sometimes these deep dives are these bread and butter charts. , 130-year oldorts index, and it hasn't shown much st

. & poor's trendline daily action charts, formerly on paper, now on electronics distribution, and i match those charts with the patterns i have learned, and go over the research available, and they often become segments on the show you see later in the week. why do the charts work? people always want to know that. first you want to the consider them as footprints at the scene of a crime. they trace out what big money managers might be doing. these portfolio chieftains at large funds often know more than others including you and me. the charts of where the money go put together klees that these big boys leave. second reason to care, there a remarkable self-fulfilling nature of charting stocks. so many professionals look and take them to heart that they will simply avoid stocks, and find stocks to own. charts with impressive positive moves at the past. don't i know it? when i work with karen cramer, a veteran chartist, she would look at them each morning seeking ones with potential breakouts and breakdowns, and research on ones to get a handle on what might be going on. we got some of the b

no, i think the trendlines continue to be negative and you will see more of this.e is going to have a very hot summer. they will not be able to deal with the refugees that are there. and you are going to see more of these attacks rather than less. david: you see the u.s. government working on two separate tracks, military track and a diplomatic track. that in effect could help the situation with islamic state. what more would you like to see? how july to see the strategy change? -- how would you like to see the strategy change? representative hoekstra: arm the kurds. arm the sunni tribes. let them take the lead in this fight or at least let them have a strong of a role as with the shia government out of baghdad has had. but the kurds in the sunni tribes, they can defeat isis and iraq -- isis in iraq. coordinating more closely in syria with russia and then the europeans and the u.s., nato need to take the lead in solidifying or taking out isis in libya. those are three things at they can do right now going after the caliphate in iraq, syria, and libya. david: you've

poll showing him having cut the lead to 8, which is a landslide if it hold up that way, but the trendlinegood and rubio needs to figure out a way to do well in a state where he has only been elected statewide once, to his senate seat. he does not have long, enduring ties to the state the way many senators do. david: mark halperin joining us from his perch above the maras in las vegas. do not miss "with all due respect" tonight on bloomberg television. they will have an interview with the chairman of mississippi's republican party. it is international women's day so let's turn to the topic of equality in politics and the workplace. stephanie ruhle recently interviewed melinda gates of the bill and melinda gates foundation and they talked about efforts improve the lives of women worldwide. female: we want to see role models at all levels of society. you want to see them at the corporate level, board rooms, as ceos, in the government, nonprofit sector. at the end of the day, when you are electing the next leader, you have to elected them based on a platform and what you believe in them. i ha

i think trendlines are different but still we can see seasonal migration trending up again, absolutely. >> the other thing that's different is mexico. they have of i vibrant middle class. they didn't have that 20 years ago. partly that could be attributable and they still have rule of law on this country and they have their challenges in mexico in that regard. the folks that are coming out of what a mama, the secretaries been down there and i've been down there, if we lived in those countries trying to raise our families, we might want to try to get them out into a safer place two. cyber security. i know we've talked a little bit about that over the last several years. we've talked about a lot. they provided greater hiring flexibility and the other piece is to try to reconcile the difference of the responsibilities with respect to protecting our.gov domain. we've done that in a thoughtful way. and we have a real-time system were actually able to respond in a real-time basis rather than a year after an intrusion. we have provided funding for all of that and you now have had an opportuni

the trendline is overwhelmingly in his favor. super tuesday in 1988 in 2,002,008 were all in a similar position with a front runner but democrats are scrambling to slow it down. typically that doesn't have been peered maria: is this going to be a sweep or not? >> it could be a sweep. even if it is in a sweep, it is still going to be a sweep. dagen: one thing to watch in texas, rubio needs to get to the threshold in order to get delegates in the state. i know he's committed to staying in it until the 15th, until florida, but right now the way the polls look, rubio doesn't look like he's going to win wednesday. my biggest concern for thing to watch is two people who are not in favor of donald trump, do they not even go out and vote? virginia is purely proportional. your vote really count because there's no threshold. are people going to stay at home because donald trump is running away with it. >> it's interesting you bring up virginia. two of the places where rubio is polling well. this year the chance of picking up the states? >>

if you look at that trendline we would urge the college to do so. they have told us that the growth over the next 10 years is going to be an average of 3% growth annually and 2.5% growth growth annually and now 2.1%. which is a 30% reduction in the projected growth in the last five years under this administration. what does that mean? it means that there are fewer jobs, less opportunities for folks all across the economic sector. >> it would result in a $300 billion decrease in the federal deficit. if we were just going out our average, what we would see is over $3 trillion decrease in and these are big numbers. we believe the way to get the economy to grow is to make certain that you get social security on a sustainable path. make sure that you have progrowth tax reform that frees up the kind of resources and only people to be able to realize their dreams and create the greatest amount of opportunity and success for folks to realize their american dreams in a fair and compassionate system and that is what we believe. that is what we believe this bu

we are really now on the mean of the trendline. i picked the correlation or not between the wage growth in the u.k. this is in honor of mark carney. my throat is going. i am so excited about mark carney that i don't know where to go. tom: that is fine. surveillance exhaustion over the central bankathon pushing two weeks. steven majors is the same curiosity and central-bank action. is action was to make the outlier on major houses last year for low interest rates. there is a quiet now as consensus migrates to the major outlier at the moment. where are we now with consensus? how close is consensus to your 1.50% call on the u.s. 10 year? i checked onthan the bloomberg consensus was that it was crashing lower so back in the fourth quarter in austria, the consensus for 10 year 3.3.uries was last i saw, it was newer to 2.6 to 2.6.r changed is your research note of a structural and economic call. there is a lot of other noise now. describe that noise. steven: it has always been much more structural and it has been focused on the global in

this is the trendline line of three decades, 30 years. 50% gdp has declined over to 16%. the explains 142% of political angst in this nation. francine: i could not agree more. you can see what china is going through. china is facing this, but on a higher level. this is the crisis year. the fact is we have lost so many -- left so many americans behind going from 3.7% to 16%. that is an extraordinary chart. it's an extraordinary chart, tom. the girl else are similar in the u k. they are similar. behind,re being left that's what you have a vote against the establishment. i am showing you some china foreign exchange. this goes back to the tobin tax. from the citypy saying it's shortsighted and would it drive away foreign investors. the trades would reduce liquidity of the currency. is theam showing you chart in yellow compared to the u.s. dollar. this is the foreign exchange reserve. they track each other apart from when we saw all that volatility in january. the bank of japan has maintained its policy. we go to tokyo where brett miller joins us. it's great to have you on the

the trendline, and this is whatever good to the europeans with, when something like this happens you start talking about goalies. how come you didn't know it was this guy? how can he did no better security at the airport? white politicians make big statements and someone? it still within the 18. somebody has a real opportunity to score. practice defense, get some better fullbacks, train your goalie. that is not a winning hand. if you're playing inside the 18, are playing to stop penalty kicks, you know it's going to go back into the net again. be extended metaphor is control the midfield. move the game up. the metaphor for controlling the midfield is to do all those things you ought to be doing before the attacks. things like what? espionage, collecting metadata, comparing the data with known -- you guys know this. you do all those things that a lot of the european friends are wringing their hands about. i am less inclined -- i might criticize the build him's what they did immediately. i'm less inclined to criticize them for their police did in that 96 hour period. i am more inclined

and the trend line and the plan i would go to the europeans with, mark, the trendline is when something like this happens start talking about goalies. how come you didn't go with this guy? have better security at the airport? why didn't you arrest him sooner? why didn't the politicians make the statements? somebody has a real tubt opportunity to score first. practice defense, get better full-backs, train the goalie. but that is not a way to hand. if you are playing inside the 18 or stop penalty kicks you know what is going to happen. it is going to go back to the net again. so the metaphor is control the midfield and to do that you should be doing the things before the attacks. collecting metadata, comparing the meta data -- you know this stuff. you do all of those things that a lot of our european friends are ringing their hands about. i am less inclined, i might criticize the belgiums for what they did immediately but less inclined to criticize them for what their police did in that 96-hour period. i am more inclined to say you want to have that conversation you thought you had two ye

the trendline globally is going up for coal still. >> i agree about china is by far the largest coal user and it is significant they have come down several percent in one year and may have peaked. i am not saying they but may have. as far as building, they are doing a lot of shutting older inefficient plants and addressing serious solution problems. in terms of the domestic program, i want to emphasize there are many aspects of support for coal going forward that are not simply in the fossil energy budget. i am not going to go through all of them but it includes in particular i do want to emphasize the probably five billion dollar, both production tax credits, and investment tax credits, proposed for carbon capture and sequestration. that is a big, we hope, incentive towards deploying new projects. with regard to the fossil energy support, we did not undercut any projects. we have three large projects that are either already operating. one for three years. a carbon capture project. and some that are coming on in 2016. we will have three. we did do the repurposing of projects that eve

the trendlines are different but we can assume we are going to cc no migration trending up again. >> they have a what i'm tempted to call a vibrant middle class the they did not have 20 years ago. part of that could be attributable to nafta and other things as well. we still have problems with rule of law in this country and they have their challenges in mexico in that regard. the folks coming out of , themala and el salvador secretary has been down there and if we live down there, those countries trying to raise our families, we might want to get them to a safer place. ok, cyber security -- over the last several years, we talked about it a lot and we have done very good work. an earlier congress with tom known was providing greater hiring flexibility. pieces trying to recognize the responsibilities of the department of homeland and doing thatb in a thoughtful way. and do that with a paperwork drill system to a real-time system where we are able to respond in a real-time basis. thate happy with all of an opportunitye to begin hiring cyber warriors. how is it going? first of all, than

and the trendline is going in the opposite direction. we are committing more resources and engaged in more military activity as time goes on. the idea that we can somehow pull back from the middle east without it following us, that thesis has been completely disproven. i think we need to think of our kind of world we want to live in. right? these kind of refugees flow into europe and the impact that it has had on european politics and american politics, right? we are talking now about much people,control over much greater control over borders, much greater control over our own lives because of this chaos that we have failed to take care of in the middle east. i think, if a president wanted to explain to the american people why we need to be taking action, greater action in the , playing a more aggressive role in organizing the region and imposing costs on actors like the rations and the arena -- the russians and the iranians, it wouldn't be hard at all. they're still deep trust of the russians and the iranians. the president doesn't talk

so there is a question in terms of the trendline on detainees' recidivism, but the overall rate i'm quoting here is the rate on confirmed or suspected. we'll go now to mr. chris smith of new jersey. mr. smith: thank you very much, mr. chairman. welcome both of you to the committee. yesterday, i chaired an oversight committee focusing on the 14 countries that reuters found after a series of investigative reports. i want this on the record and i hope the press takes note of this, because i think it is an egregious flaw in the implementation of the trafficking victims protection act, which i am the author of. i'm deeply concerned that cuba's tier 3 state department ranking, which is the worst, it was designated in the bush administration, and then in the obama administration and then manipulated politically for nonhuman trafficking in anticipation of the rapprochement. i find absurd. the report should be absolutely accurate, and speak truth to power -- are you bored with this? >> no, sir. mr. smith: when it comes to sex trafficking and child sex tourism which is rampant and the castro regime g

tell us it takes four years to confirm system of there is -- there is a question in terms of the trendline on detainees' recidivism but the overall rate i'm quoting here is the rate that -- on confirmed or suspected. we'll go now to mr. chris smith of new jersey. >> thank you very much, mr. chairman. welcome both of you to the committee. yesterday i chair and oversight hearing on -- focusing on the 14 countries that reuters found after a series of investigative reports. i want this on the record and i hope the press takes note of this because i think it's an egregious flaw in the trafficking victims protection act, which i am the author of. mr. smith: i'm deeply concerned that cuba's tier 3 state department ranking, which is the worst, it was designated in the bush administration, and then in the obama administration and then manipulated politically for nonhuman trafficking in anticipation of the rah protchment which i find -- of the rapprochement. i think it should be accurate. it should speak truth to power when it comes to sex trafficking and child sex tourism which is rampant and the c