president no longer stays at the waldorf astoria, even before we got a u.s. president who has his own place in new york. it started off as a car insurance company in china but have somehow become a global bohemeth and started buying property all over the united states. and some of the purchases were reviewed on national security grounds, again, because this company appears to be a front for the chinese government and you can't have foreign governments owning just anything in the united states. for example, this is the hotel del coronado in san diego. lovely hotel. right on san diego bay. but look at the hotel on a map. there's a hotel del coronado. on one side is the dog park, which looks lovely. right on the other side of it, our navy base. it's right next to a navy base. and so when this country linked to the chinese government wanted to buy that hotel, really, right next to the naval base? the committee on foreign investment in the united states blocked that purchase on national security grounds. well, now the obama administration is gone and the trump adm

the waldorf astoria has hosted kings, queens, presidents, and movie stars since it opened in 1931. a chinese company has boug of its 14-hundred guest rooms into condos. the last guests have to check out by noon today. rihanna is being recognized for more than her singing. yesterday, harvard university honored her with it's "humanitarian of the year" award. harvard say it chose rihanna for her involvement in a number of charitable causes. she built a state-of-the-art cancer diagnosis and treatment center in her home nation, barbados. she also set up a college scholarship to bring caribbean students to study in the u.s. at xx time for weather. toss to eileen weather alert day risk of severe storms; damaging winds, hail, isolated tornado (1-5pm) - 1st day of meteorological spring - warm, wet, & windy wednesday - much cooler late week - rain/snow mix friday today: warm and windy. showers and severe storms this afternoon and early evening. highs: 75-80 winds: sw 10-20 g 35+ tonight: becoming partly cloudy with falling temperatures. lows: 42-46 winds: w to nw 10-20 g 40 mph thursday: par

. >>> and no vacancy the famed waldorf astoria hotel kicks its guests out.hy it had to shut its doors. >>> a new warning from doctors. why they're so concerned about recreational marijuana. ♪ yeah. we love low prices. no bones about it. [ laughter ] thousands of blue tags. thousands of low prices. my giant. extended bonus buys only at my giant.nt. >>> check out this from mad dock referee's new arizona. elderly man trapped in his car by a raging river caused by heavy rains. fire departments in the air had to get -- area had to get involved in the water rescue the elderly man was taken to hospital. he's okay but there's no word yet on his condition. >>> in north carolina, a strange robbery at a convenience store where the thief left taking something unexpect the. surveillance video shows a masked man bursting into the store. he searches for the safe, searches through it but police say he didn't take any money and never even made a move towards the cash register. instead he took the clerk's purse which didn't have much money in it. the clerk says she hit the si

this week the waldorf astoria closed the doors for a renovation, but left behind a rich legacy. >> waldorfe of the most iconic hotels. becoming an international symbol of elegance, opulence and hospitality it was the first one to offer 24 hour room service. back in the '30s, president hoover addressed the president by radio calling the hotel a measure of the growth and power and comfort and artistry. serving as a home away from home for politicians, princesses and celebrities. elizabeth taylor and cole porter, all part-time residents. >> hollywood recognized the grandeur as well. 47 story art deco building with the back drop to the 1945 film "weekend at to a waldorf." >> thanks, waldorf. >> and the oscar winning performance in "scent of a woman." >> all things symbolized -- the waldorfs a attorn waldorf astoria. >> of course the hotel is famous for the salad. here to show us how to create it, elizabeth mayhew. my mom used to make the salad. kind of '70s. >> well, actually it was first published in the 1890s. >> really? >> going way back. super simple. you don't get simpler than the ingredi

the waldorf astoria is iconic and a japanese company bought it and the renovations could take two toe years. when it reopens it will still have hotel rooms but many other rooms are being turned into privately owned condos. it's protected by law as a new york city landmark. >>> the subway restaurant chain is defending one of its items, after reports say the chicken is part fake. >> and the stories behind some of the female figures in a lego set. get our best offer of the year. 150 meg internet with equal upload and download speeds tv and phone. all for $79.99 per month for the first year with a two-year agreement. plus get hbo for a year and free multi-room dvr service for two years. go to getfios.com or call 1.888.get.fios get the best. get fios. if you have medicare parts a and b and want more coverage guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't

, president obama would no longer stay in the waldorf astoria out of concerns of being recordedby chinese intelligence. >> yes. you have that. also keep in mind what's happening in december. we're having the kind of realization by the intelligence community and in public there was a russian campaign to attempt to interfere with the election. at the same time, kushner is meeting somebody who was once part of -- tied to russian intelligence, a bank intertwined with the russian power structure, with vladimir putin's regime, with this russian security services. this is -- you can google this. this is one google search. did nobody do any due diligence? coming from the business world, what kind of business are you running you don't check out who you are meeting with? >> if it was a courtesy meeting, which is what -- >> why? >> because the ambassador asked him to. >> so? >> so then i would say to you so? it was a courtesy meeting at the request -- >> but wait. the russian -- >> you are the new -- >> you sent a minion, a deputy, somebody else to go to the second meeting with the russian

the storied waldorf astoria first opened in 1931 and ha since hosted presidents royalty and celebritiese company bought it for nearly $2 billion in 2015. the building's exterior is a protected landmark and the new owner, though, will likely convert the interior. many of the waldorf's 1400 rooms into privately owned condominiums. >> it might cost a bit extra to drive along the jersey shore this summer. details up next right after the break. >> ♪ >> easy passes coming to the jersey shore maybe along with a toll hike. e-z pass tolls constructed on all ocean drive bridges to fund the installation the cape may county bridge commission is proposing a one dollar toll increase for the summer season and a 50-cent season increase. >>> bridge commission vote and public hearing on the increase is scheduled for april 27th. karen. >> that's a lot of increases, right. but i don't know worth it to go to the beach p let's look outside live right now and show you what's going on on the vine street expressway. we had an accident on the ramp from the schuylkill eastbound to the vine eastbound. it has since

a reminder, it did happen when anbang bought the waldorf astoria hotel.is worth twice that. let's have a look at markets open across the region. hong kong, lunch break. shanghai on lunch break. markets doing that. , 23,918.ighs japan and south korea, have a look, south korea doing this. going the opposite direction, inflows into south korea. australia and new zealand, there we go. ♪ >> more bond sales throughout budget. kuwait becomes the latest gulf nation to its investors. it could bring in a billion dollars you anchor: brexit could be launched this month. another vote on independence. china factor activity remains strong. a potential partnership and tokyo

morgan and it is three blocks from the waldorf-astoria, with a chinese insurance group acquired in 2015sia will go ahead with tax reforms after an nst program revealed more than 330 billion dollars of previously undeclared assets. theking to bloomberg, finance minister says discussions are underway with lawmakers about increasing the tax to gdp ratio. she also said the potential trade tariffs and protectionist policies would not help anyone. globaldirection on the economy which is becoming more and perfectionist, it will definitely affect indonesia. certainly as a big country, we still have an option in the short run. reporter: global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 companies -- countries. i'm paul allen, this is bloomberg. haidi: thank you. when the fed raised key rates last week it came as no surprise, after a chorus of fed officials offered no it was coming. what it did come as a surprise was the dissenting vote against from the head of the midi apple is said. our -- minneapolis fed. what did he have to say? reporter: neel kashk

new york's waldorf-astoria closing its doors for the next three years. it has hosted teams in queens, presidents, movie stars, since it opened in 1931. a chinese company has purchased the hotel and they will be converting hundreds of the hotel rooms into condos. check autria: sicily, tracking a huge ash cloud as mount aetna continued to a rapt during the night. the good news is that no one is in any danger but airports are having to change plans. the cloud of ash could ground international flights. larry: look at this, lightning tearing through the sky last night in missouri. getting pounded with a severe weather outbreak, a dozen vehicles and a semi truck were blown off interstate 55 after a tornado was spotted in the area. scary moments. veronica: it really is. autria: you have been saying that that is the same system that will bring us the storm? not that severe. it will be taking the edge off the system later today in our area, but 1:00, 2:00, we will start to see that line really coming together. is so warm sunshine. never too early to talk about th

more when news 4 midday returns stay with .us >>> historic waldorf astoria in new york is shut down right now for renovations. today there is a vote on whether to keep some of this iconic rooms intact. the u.s. commissioner will decide whether to preserve multiple ball rooms just as well as the wheel of life mow sayic inside. it will reopen as luxury condos and suites in a few years. >>> we all learn to write cursive in elementary school but for kids today it's a bit of a lost art. >> how new york city schools are reviving the old world writing style. >> old world? >> the upper case a. >> reporter: loops and curly qs and letters joined by hand, so different from thumb and fingertaps on keyboards, second graders are learning cursive. >> it's more neat and more exciting. >> reporter: a manual skill high tech world but never erased from control krik limbs in some states and preently introduced in others. the school chancellor officially instructing for third graders next year. >> we asked principals to discuss it with teachers and parents have embraced this enthusiastically. >> it's no so ea

there was even a review when they bought the waldorf-astoria and you can expect to see that out of chinaund. the question is are you going to see it out of the united states. >> and whether they are buying good will or trying to buy good will from the white house. thank you. >>> coming up on our big board an alarming new study, could ibuprofen put you at risk of cardiac arrest? >>> plus, the moose on the loose. what causes animals to lose its cool? we'll come back and talk about that in two minutes. ♪ whoa ♪ check this out... ...there's always king's hawaiian rolls inside. whoa irresistible kings hawaiian foods. coming this spring, barbeque sauce. (sfx: 2 kids scream) shake up your routine with a completely new way to clean. new colgate total advanced health mouthwash. shake to activate a powerful cleaning action that removes twenty four times more bacteria. improve the health of your mouth with new colgate total advanced health mouthwash. shake to clean. ♪ lucis a lucky dog. but not every pet is as lucky as lucky. so we came up with a little idea, this year, when you buy any bag of dog

the waldorf-astoria is closed for a massive three-year renovation.ny bought the hotel a couple of years ago. it's now converting about 1,000 of the 1400 rooms into privately owned apartments. kenny. >> so jill i know you're a movie buff so prince akeem where is his father going to stay when he goes to new york city? >> you know, i was hoping you were going to do a coming to america reference. very nice job there kenny. >> yeah. plenty of options in midtown manhattan so we're not worried. >> reporter: and i always talk about mcdowell's instead of mcdonald's on queens boulevard. >> very nice. [ laughter ] >> maybe he will stay near there, right? >> and maybe we'll talk about the new york football giants. jill wagner of cbsmoneywatch.com, thank you. ♪[ music ] >>> follow the rose petals. [ laughter ] >> whatever you want to do. >> we are going to pick up the pieces. the assistance being given to the flood victims as they work to get back to normal. >> plus the damage left behind how much work is needed to a california restaurant that became partially su

they had given him a lifetime achievement award a year earlier at the waldorf-astoria. i sent, you just had it -- i said, you just had a big yellow with these people. he said, that's true. [laughter] i said, would you never have given this money away if i hadn't asked it? he said, you are a really nasty guy, you should be ashamed of yourself. that's where we left off. >> david farenthold, nasty guy, sad. [laughter] one and onlyour conversation. >> i had talked to him in the past. 2012,e endorsed romney in we were all trying to get away from him because he wouldn't tell us about the marble in the lobby. -- first time you meet him five minutes later, we have five stars! all marble! ne. right, fiv i talked to him by phone for other stories earlier on. >> how did it go from this veterans event, which he held en lieu of going to the debate -- your story about that missing $1 .illion there was a lot of money that he hadn't distributed. he held this press conference at trump tower, he lashed out at the media, and that was when he described giving it away. he gave it away so ha

they had given him a lifetime achievement award a year earlier at the waldorf astoria. i said you just had a big gala with these people and i said, you need to vet them after that? he said, oh, that's true. i said, would you have given this money away if you had not asked about it? he said, you're a guy and you should be ashamed of yourself. that is sort of where we left off. bill: david farenthold -- nasty guy. sad! that was your one and only conversation? david: i talked to him in the past. endorsedhen he romney in vegas, as plenty of away from trump because he was not stopping talking about the marble in the lobby. the first time you need him it's like, oh, donald trump. then you need him it's like we got five stars and it's all marble here. after six times, it's like fine, your celebrity, i'm done. i had talked to him for other stories not about charity in the campaign. bill: how to go from the veterans event which he held in lieu of going to the debate which he didn't want to go to because they were going to beat up on him and your story about that missing $1 milli

i happen to know that they had given him a lifetime achievement award a year earlier at the waldorf-astoria. i said, you had a big gala with these people and you had to vet them after that? he said, "oh, yeah, that's true." [laughter] david: and i said, would you ever have given us money way if i had not asked about it. and he said, you are a really nasty guy. you should be ashamed of yourself. he did not answer the question, but that is where we left off. bill press: david farenthold, nasty guy. sad! [laughter] bill: so that was your only conversation? david: i talked to him when he endorsed romney in 2012. by the end of that event, we were trying to get away from donald trump because he was telling us about the marble in the lobby. it was a funny event because the first time you meet him you are like, oh, well, donald trump, but five minutes later he is back again and he is like, "did you know we got five stars," and six times out of that you are like, all right fine. i'm done. i talked to him by phone a couple times for other stories, not about charity, early on in the campaign. bill: so

said decision and taking a closer look at the trump family ties to a chinese company that the waldorf-astoria. this is daybreak asia coming to you from bloomberg's u.s. and asian headquarters. i'm betty liu in new york, where it is after 7:00 p.m. yvonne: it is just after 7:00 a.m. in hong kong. i am yvonne man. pretty quiet before the fed. we did get news out of the u.k.. the parliament finally giving the nod to theresa may to trigger article 50, so perhaps the markets could be seen the storm coming, but looks like a blizzard is heading your way first. betty: blizzards and impending storms on the horizon and in the market, but when the news came out that the bill had passed parliament, not a lot of reaction in the british pound. this is largely telegraphed an expected. we will see what happens when the process actually begins later in march, but as you mentioned, we are two days away from hearing what the fed is going to do about rates and also their outlook, so in the meantime, it is pretty quiet here in the u.s., but how about in asia? yvonne: time to kill before the fomc. we are going to

the waldorf astoria will be closed for three years to undergo a massive renovations. >>> going undere society of plastic surgeons says cosmetic procedures increased by 3% in 2017. the most popular. breast augmentations, face lifts and chemical peels. >> ugh. >> ugh. i know. >> i am too chicken to do it. >> no. i am really -- >> exactly. >> back to you, kell. >> canceled my dentist appointment this morning, thank you, sue. >>> stocks soaring today and financials are a huge part of the rally. up next we'll discuss whether you should still bet on the banks and if the stocks are being driven by interest rates or deregulation talk in washington. >>> later we'll talk to the ceo of one biotech singled out by president trump last night about how the administration could impact his sector. details later on "the closing bell." hey gary, what'd you got here? this bad b is a mobile trading desk so tt i can take my trading platform wherever i go. you know that inkorswim seamlessly syncs aoss all your devices, right? oh, so my custom studies will go withe? anywhere y want to go! sync your platform

waldorf astoria has been on parn avenue since 1931.931.or the part rooms for $99. >> no. night nigom saturday life? never mine. m they hosted lots of famous facee from movie stars to sportsrts heroes to presidents.nts. its exterior is protected underd landmark status but some peoplel are nervous about what changests are to come. be a hotel but hundreds of guest rooms will have been convert too do condos.do c >> very detailed story. >> a lot of time room specials i because -- >> right, right, right. nope. right no >> get out.. we'll lee do it.t >> donald trump eric trump attended the grand opening of oi the new trump hotel in i vancouver. their step sister tiffany theree as well. plenty of security and protesters too. iness businff his bus enterprises to his children tosi focus on the presidency.de newest hotel to carry the trump name. >>> spring right around the corner. in fact it feels like itri righg now.no here in d.c. it means cherryy blossoms. >> and less than two hours the t national park service willark s announce when they think th

the waldorf astoria closed its doors for a renovation project.s giant rises to lofty heights. >> reporter: for 86 years the waldorf atoria has been one of the most iconic new york city hot hotels. become a symbol of opulence and hospitality. hubert hoover called the hotel a measure of the nation's growth in power, comfort and artistry. serving as the home away from home for politicians, princesses, and celebrities. elizabeth taylor, frank sinatra and cole porter, all part-time residents. ♪ you're the top you're the waldorf salad ♪ >> reporter: hollywood recognized the grandeur of the waldorf, as well. it was the backdrop for the 1945 film "weekend at the waldorf." >> i've always dreamed about staying at the waldorf. >> reporter: and al pacino's performance in "scent of a woman." etched in history, a timeless pressure. of course, the hotel is also famous for the waldorf salad. and here to show us how to create it, "today" contributor, elizabeth mayhew. my mom used to make this salad. it was very '70s. >> it was published in the 1890s. we're going