david: you got into harvard. when you got into harvard, did you decide to go right away or did you see if other schools would accept you? ken: that was a complicated story. ken: my father's business partner was a princeton graduate. princeton was my first choice. my father had a falling out with his business partner. that was just before the time i was picking where to go to college. my dad said it would break his heart if i went to princeton. and, i went to harvard. [laughter] david: well, that has broken the heart of the princeton development people. [laughter] ken: one of my partners at citadel, who i have had the pleasure of working with for two decades, served on princeton's investment committee oversight and has done wonders to help princeton feel better. [laughter] david: the legend is you began trading convertible bonds out of your dorm room. ken: that is true. my freshman year, and i am at bloomberg, so i have to say my gratitude for the press, i read this article saying the home shopping network was ove

david: yes. [laughter] david: the products, the c.e.o.'s are often men. and the people in charge of the beauty products are men even though they don't use the beauty products. does that strike you as somewhat unusual or is that going to change? jean-paul: it will change. it was in the beginning more men. and definitely, you know, in the next few years women will take over. i mean, and certainly, maybe not in the very next future, but certainly a woman will become a c.e.o. of l'orÉal. [applause] david: on sustainability, that has been another major push of yours. what are you trying to do in sustainability and in terms of your carbon footprint? jean-paul: the carbon disclosure project, the cdp, the authority in terms of the environment, has awarded l'orÉal for the third year in a row the aaa recognition, a for forest, for water, for carbon impact. we are also in this matter recognized as the number one company in terms of sustainability. david: one of your other pushes has been for strong ethics. jean-paul: yeah. david: why is ethics so important to you?

anyway, david, here we go. david: all right, very impressive. robert: what we have here, this center is designed to really capture all of the records of the african-american experience. and there are the records that were institutional. if you think about the freedmen's bureau and other places, we can capture those and digitize them and we can have access to them. this is the best of the institutional records, but the real beauty here is how do you go and give everybody a chance to put their family's history and their narrative as part of the u.s. environment, or part of the u.s., here in a place where generation upon generation can now find who they were, how they contributed, and not just the 500 people that we see represented that everybody knows, but the millions of people. david: what about your family? robert: i hope they are here. but i'm excited. we should probably take a look to see if any of that is accessible at this point. ♪ ♪ >> in ancestry, in a family search, you can search for individual people. the first hit we get is in wor

david: you got into harvard. when you got into harvard, did you decide to go right away or did you see if other schools would accept you? ken: that was a complicated story. ken: my father's business partner was a princeton graduate. princeton was my first choice. my father had a falling out with his business partner. that was just before the time i was picking where to go to college. my dad said it would break his heart if i went to princeton. i went to harvard. [laughter] david: well, that has broken the heart of the princeton development people. [laughter] ken: one of my partners at citadel, who i have had the pleasure of working with for two decades, served on princeton 's investment committee oversight and has done wonders to help princeton feel better. david: the legend is you began trading convertible bonds out of your dorm room. ken: that is true. my freshman year, and i am at bloomberg, so i have to say my gratitude for the press, i read this article saying the home shopping network was overpriced. having

david? >> marci, thank you. >>> we'll turn to the crash of the boeing jet. for the first time news on what the pilot said before the crash. the radio messages indicating the captain was struggling with the plane immediately after takeoff. panic in his voice. abc's david kerley with what we now learned tonight. >> reporter: the ethiopian airlines 737 max 8 that left this crater had trouble at take off, the captain reported. drama that unfolded minutes later with the wild up and down movements of the jet. the "new york times" reporting the captain, in a panicky voice calls out "break, br. request vector for landing." but the jetliner with 157 on board, traveling at 430 miles an hour, crashes three minutes later.ay an aviation source saying it could be monday before anything is made public. on the ground, investigators are interested in the tail section of the jet, the horizontal stabilizer which controls nose up and down movement, specifically the jack screw, which moves that part. a source sa

david: you own maybelline? jean-paul: yes. david: where is that sold? is that sold in department stores? jean-paul: no, it is sold in drugstores, mass stores, walmart, target. david: so if a woman is in front of you and wearing maybelline lipstick, could you tell it is not l'oreal lipstick? in other words, can you tell the difference in the brands? jean-paul: not from far away. but -- [laughter] david: ok, i guess that is the point though. ok. jean-paul: i cannot access to the bag. david: you have all these products and you are a man and you don't use these products. presumably your wife uses these. jean-paul: of course. david: but you don't use these products. how do you make a judgment about whether it is a good product or not? who makes the judgments for you? jean-paul: the president of the brands. we are pretty decentralized. we have an organization at l'oreal where we are structurally centralized but operationally very decentralized. there is for each brand a team, what we call an international marketing team. there is a president for each brand. d

david: if mr. barr is filed lying about what's in the mueller report david then it's a possibility that what adam is saying is true but based on a lifetime of being a criminal lawyer and an internal -- and attorney general i really don't think he is a liar, do you? >> what we are seeing here is the pure hatred that democrats have for the president there really clouds everything and let me say from another perspective, in 2020 republican hatred for president obama was so high that there was no scenario they could think of that the president would lose and what did president obama do? he won re-election. democrats are in the same position. their hatred clouds everything they do and their focus is ultimately on trying to impeach the president and get him out of office when in reality americans who will ultimately decide this election get back to this message tonight and specific examples on the economy. it's a winning message. david: at of mine know you were very much invested in this idea that there

david: absolutely. no, the cornerstone of our justice system is the blind justice, the lady justice who's got blindfolds on. that blindfold was ripped off the moment that this prosecutor, kim fox, began to deal with people in a backhanded way in order to get this buy guy off. -- this guy off. and, by the way, we'll never know the truth. >> i them -- i tell you one thing, i think may might have made a make. they would have been better off if he'd have taken some low-level plea, because that would have kept the feds out of this. i suspect at the u.s. attorney's office the chicago police, the fbi and the u.s. attorney staff are looking to see if they have a false statement charge, an obstruction of justice charge or maybe a mailing, the mailing that they did. of i don't know if they've been able to tie that to hill. but by not taking any plea at the state level, he's left himself wide open to a federal charge. and if they have it, i predict they'll use it. david: it's a bug mess. it's just a huge mess, and

david: that's david ingles. alix: joining us in new york, walter todd, and on the phone, george magnus. you studied china for decades. the special-purpose bonds the state can issue, that is separate from the government's balance sheet. is there a concern that china will overheat? think there's a concern about overheating at the moment. the issue really is the slow son is so ubiquitous and deep-seated that what the government is promising to do -- i do think they can stabilize this downturn in time for the 70th anniversary. i don't think it's going to spark an economic revival. no one doubts the chinese government can throw money at the economy in ways a lot of western governments can't. the issue is whether it's going to improve overall economic performance and get the economy growing on a sustainable path. david: one of the questions is how much debt are they taking on. they say they will keep it to 300% of gdp. that doesn't count if these made by localare municipalities for special purposes. george: i don't th

david: u.s. trade represent lighthizer, he stopped short of predicting a successful out cam, edward lawrence is in washington with latest. reporter: a big but, u.s. trade representative lighthizer said we're in final weeks of knowing if we'll get a trade agreement with china or note, the chinese have specific demands with u.s. to get an agreement finished. >> focus is removing of 301 tariffs. if that is a concession that is something you were de-- under debate, they have specif, market access provision we also are considering. reporter: if it is finalize, it will cover intellectual property theft, force transfer of technology, state owned enterprising, opening market to u.s. financial services and other nontariff issues. manipulation, now light house hr said it would have different seconds for reinforcement. talking about intellectual property alone. how we got to this rough patch. u.s. trade delegation went to batobeijing the week of februar, the talks within well. it pointed to a face-to-face m

david: what does it do for you? jean-paul: sorry? david: what does it do? jean-paul: for me personally? look. everything. [laughter] david: what is the best way to get a job with l'orÉal? jean-paul: call me. [laughter] david: really? great. it might be tough to get a hold of you. jean-paul: no, no, very easy. you can email me. i look at my email every day and i answered them every day directly. ♪ ♪ david: let's talk about france. because americans are always interested in france. we talked earlier, and like all french people, you take four-week vacation. is that a requirement to be french. when you want to have somebody in the office in august in paris, you can never get them in the office. how is that? is that a custom or something? jean-paul: no, but is a habit. i usedw, when i was here to take two weeks vacation. and when i was in asia, i think i did not take any vacation. and when i came back to france, i thought the french were crazy to take four weeks vacation. while i liked it. [laughter] david: when you are with president macron and his wife th

. >> did you know what an animal husbandry is, david question mike david: i do. i realize that private equity work better. so, ultimately, you got a job with southwestern bell, and southwestern bell resulted in the breakup of at&t in 1984, so how did you get a job there? you were out of college. how did you get your job? thestephenson: i say it old-fashioned way. my brother got me the job. said i can get you a job. i went to southwestern bell, and i started out -- my first job, david, was to hang 19 inch magnetic tapes onto tape drives. you would look at a screen and say this tape on that drive, and i would go find that tape, get the drive, push load and start, and i would do that for a 12 hour shift. much thepretty foundation of everything that i do now. david: your brother is still working at the company? yes.tephenson: david: does he mention that you are the ceo of a company? mr. stephenson: he is the member of a labor union. i do not think that would be received very well. david: i know a lot of people named randall who call themselves randy. how come you do

david: u.s. versus europe? lale: on the fixed income side, we like the contingent capital issued by european banks that can pay you 7-8%, which is comparable to what you can get ccc in high yields. boeing'sming up, crisis deepens. countries blocking the 737 max from its airspace. this is bloomberg. ♪ alix: this is "bloomberg daybreak." in the markets, it's all about brexit and the uncertainties as to what we will see over the next few hours. dow jones off 81 points. the industrial sector in europe down .2%. ifbus could be the winner the boeing 737 issue continues. we are watching the cable rate. 1%.ling now off 1.30 after being higher for the past two days. you saw a lot of selling happening in the yield market. now, yields down one basis point. we are looking less and less like some sort of soft deal. crude up .8%. viviana: british prime minister theresa may has gotten the legal opinion on her revised brexit deal. singh the legal risk of the brexit agreement is unchanged -- saying the legal risk of the brexi

david: ok. [applause] ms. pelosi: thank you, david. david: for you, not for me. ms. pelosi: thank you. david: wow. well. there's nothing you can say that will live up to this applause. [laughter] ms. pelosi: i can leave now. david: so you have said that being the mother of five and the grandmother of nine has been helpful to you in government service and giving you kind of experience. is it more helpful in dealing with your caucus ordealing with the white house? [laughter] ms. pelosi: why i say that is because i want to say to all moms out there, place a gold star on that experience that you have. whether -- whatever -- shall we say opportunities you are faced with, it's about managing time and personalities and diplomacy and quarter mastering, logistics and all the rest. it's a multitasking wonder. and i just congratulate all moms and dads for what they do. but -- so it's not about managing people because of my experience with children, it's more about managing time. david: so tell us, when you were elected speaker, the first woman to be speaker, then you we capture

[laughter] [applause] david: well, ok, i -- [applause] david: i have one here. i have my iphone here actually. and i do use it and love it. and one time, you and i were in china, and i could not work something and i asked you to help me, and you said, look, i don't normally do tech support. [laughter] david: but you were nice, and it did work. you came out with the apple watch not too long ago. why was it called the apple watch and not the iwatch? because you have iphone, ipod, ipad, why not iwatch? did you ever think of that? or? [laughter] [applause] tim: well -- david: i'm sure you must've thought of it. i'm sure it's not a novel idea. but i'm just curious. tim: it was something that we thought of at the time. david: so it was not a crazy question. tim: no, it wasn't a crazy question at all. david: how come apple watch won out? tim: well, i kind of like apple watch, what you think? david: well, you are the ceo. [laughter] david: the ceo says something. so how are they doing? tim: they're doing fantastic. cellular is now on the watch. you don't have to travel

♪ david: he's the son and grandson of rabbis. after thinking about a career as a journalist he ended up at prestigiousw in a law firm. michael chertoff felt the need to serve a larger purpose. he went to become a federal prosecutor, putting mob parses behind bars. -- mob bosses behind bars. his defining moment came on the morning of 9/11, as head of the criminal division at main justice, he rushed to fbi headquarters to handle the crisis with fbi's bob mueller, who reported to him. national security became his calling. he went on to serve as the leader of the newly formed homeland security. he's now back in the private sector after a long career in government, working with major corporations on personal and cybersecurity. but his focus remains where it has been for nearly 20 years, keeping america, its people, and its institutions safe. on today's "big decisions," michael chertoff. welcome to "big decisions." michael: good to be on. david: you have a career in public service and in particular law-enforcement. what brought you to

david? david: thank you so much. each week brings a new democrat saying they will run for president, or at least they are considering running, and we have yet to hear from joe biden. for an early read on the field, we welcome jim messina, former white house deputy chief of staff. he is coming to us from washington. good to have you back. jim: my pleasure. david: bill burton, he served in the obama white house and right now he is working with howard schultz as in independent who is thinking about running, and he's adjusted what -- he said just awakenings we are not getting out of the democratic field. >> howard schultz is looking at the question of whether he should run as an independent, because he loves this country and he is worried about the polarization and the impact it is having on the conversation and of the inability of washington to get things done. so i think you have republicans saying one thing, far left democrats saying another thing and howard schultz is just trying to listen to the american people to s

rachel: this is david. david: hi. i'm david. hello. athena: hi, david. lemonis: the goal here was to have athena take rachel through the commercial baking process, for her to see the efficiency and how the cost could be lower. but instead of rachel having an open mind and learning... rachel: i use fresh eggs, so i don't know if you -- athena: eggs come pasteurized in boxes. rachel: oh, oh, no. so, we use the fresh, and we have a machine that cracks them all. lemonis: ...she's arguing about the eggs... rachel: i have tried those eggs, and they don't taste as good. athena: no one will taste the difference. rachel: all right. we'll see. we'll see. lemonis: ...and the butter... rachel: i use salted butter, by the way. athena: you do salted butter? we're gonna get rid of that. rachel: no, it makes it so good, i'm telling you. athena: but you don't want to add that to -- you can control it. rachel: i know! i add it, too. i add salt, too. lemonis: ...which doesn't sound very constructive to me. athena: we're gonna do two versions of this. lemonis: we're gonna d

david: breaking tonight. robert mueller's russia report is in the hand of attorney general william barr. a senior justice official is telling us mueller is not recommending any further indictments. now the question, will democrats accept the findings if nothing directly implicates president trump. joining me trump's former campaign advisor and hillary clinton's campaign advisor. if there is no indictment for collusion between the trump campaign and russia that was the basis of democrats pursuing this investigation getting behind it 100%. it's one of the reasons most of americans would get tired of it. where do republicans go now? i'm going to ask antjuan where democrats go. will they use this in the campaign of 2020? >> this is the time republicans step up and say i told you so. the house investigations turned up nothing and the mueller report turned up nothing. cnn and liberal commentators badgered us saying there is clear evidence the trump campaign excluded with russia. president trump may be an agent of r

this is different. ♪ david: balance of power, i am david westin. we go to word news courtney donohoe. >> president trump will sign an executive order and at improving free speech on college campuses, he would require colleges to support free speech if they want to continue getting federal research dollars area it is not clear how the executive order will work. and a new twist in the investigation into those two boeing 737 max crashes. --re is a two-part probe there was a two-part probe after the first crash in october. why did regulators approve systems, and why was it not flagged in the pilot manuals are being investigated by investigators. iowa,ors in nebraska, compton, and south dakota have declared a state of emergency. they were already coping with falling incomes and the trade policy issues. and one week after a cyclone hit mozambique and swept across the country to zimbabwe, damage and flooding continues in southern africa. more than 300 people are confirmed dead. that number could rise sharply. entire villages have been submerged in heavy d

, i am david asman. on panel moran or teg as, adam and gary b . the dow closed down more than 460, this is the worst day since january 3 after a slew of weak economic reports here and overseas. are we seeing the gip of beginnf something concerning what do you think? >> i think we're on the edge of something concerning. this rebound that happened since december went too far, i think that market got too hot. it is good federal reserve realized they were slowing the economy, they did not need to raise rate, perhaps too late. it was not a reasons to have all new highs in market. reason that federal reserve is being more dovish, is because the global economy is weak, that not driving global earnings to the s&p companies they have earnings all over the world, they will not be high right now, you will not go to all new highs because there is an accommodative fed. federal reserve engineered this inverted year curve it is scarey to invest -- inverted yield church icurve it is scarey to is right now. the whole thi

david: thank you, steven wallace . this is "bloomberg." ♪ david: this is "bounce of power." for bloomberg first word news we go to courtney donohoe. courtney: newly released documents give more insight into the fbi investigation of michael cohen and they show michael cohen was being investigated for nearly a year before federal agents raided his home and office last april. michael cohen has pleaded guilty to tax evasion and making hush money payments to women who allege they had affairs with president trump. he will start serving a three-year prison sentence in may. record flooding has swamped the midwestern united states and no places been hit harder than nebraska. the missouri and other rivers have reached record heights and are still rising. a state of emergency has been declared in more than 50 counties. almost 700 nebraskans have been forced from their homes. in baseball, mike trout and the angels are finalizing the largest deal is boards history. according to espn, trout contract is more of -- is worth more than $300 million. trout is the winner of the american league

david: yeah. and there was a time when even democrats, not just border patrol agents like yourself, knew this. let me just play a tape for you of a time when that was true. >> it is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years, and we must do more to stop it. >> we simply cannot allow people to pour into the united states undetected, undocumented, unchecked. >> we do not want to do anything to encourage more illegal immigration into this country. >> the american people are fundamentally pro-legal immigration and anti-illegal immigration. we will only pass comprehensive reform when we recognize this fundamental concept. david: stevie, how frustrating is it for you, a border patrol agent, to see democrats at one point years ago before trump was in power saying walls are a great thing, then after trump comes in power, they say it's impossible, we can't afford it? >> it's unfortunate that their opinions

david: it is a statement. alix: the question is what has to change in her plan to be ok to vote on it? >> it is not clear. if it does change, they could hold another vote on it. she went to strasburg before the last vote and was able to get enough of a change that he allowed it to go forward. he could do that again if she could find some way to make a minor change in the wording of the proposal. the question is what does the eu do on thursday? extension?e her an if you have no new plan, we will let you fallout? if they do an extension, how long? the eu is talking about giving her a short-term extension or not setting a final date to give her a chance to go back and vote once again. if she can't get that done, nobody knows what the u.k. will do and how long an extension would be or whether it would be worth it. saying, but what of the markets hearing? we don't think there's going to be an abrupt and disorderly brexit? >> right. the pound has been reasonably stable. the markets are hearing it is a mess without a

david? david: edward, thank you very much. meanwhile new york fed president john williams just saying now that slower u.s. growth is quote a new normal. raymond james chief strategist jeff saut. thanks for being here. in fairness he said that shouldn't be acause for alarm. i'm quoting, with strong labor market, and no signs of inflationary pressures, the baseline outlook is quite favorable. saying slower growth but that is not necessarily a bad thing. >> i agree with that. slow growth along two, 2 1/2 percent earnings coming in better than expected they have been doing for the past two years. since we transitioned from interest rate secular bull market to earnings secular bull market. i this we're have upside consolidation after heck of a rally after the biggest selling climax in late december strongest i've seen in 48 years in this business. david: i know it was incredible but not that strong. the dow is down 137 right now. expectations were built so high by president trump and the economic team of 3% or greater will those ex

david: last word from scott. well could the old tax breaks on mortgages, college tuition, the medical bills be brought back in time for this year's tax bill? the renewed push to extend deductions on these and a lot of other things led by senate finance committee chairman chuck grassley, senator grassley is going to be here, next. so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars. do you guys sell, other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. get $250 back when you pre-order a new samsung galaxy. click, call, or visit a store today. david: lawmakers on both sides agreeing on something joining forces to introduce a new bill that would ret

david: not dominant. [laughter] david: why are you in the entertainment content providing business now? you spent $85 billion recently to buy time warner and it took two years plus to get it approved by the u.s. government. i will ask you about that, but what was the theory behind why you wanted to be in the content business and buy time warner? mr. stephenson: it was multifaceted. i will try to simplify it. as we watch our customers and analyze our customers, as we have developed network delivery technology, where they can consume video on all devices, anywhere, everywhere they are, it has been surprising and quite enjoyable to watch how people are now consuming video, and this is just in a world of 4g. now as we move these networks, and we are moving there aggressively, to 5g, the amount of video you will be able to consume in multiple formats wherever you are -- we think is going to explode. now back in 2016, when jeff and i did this deal, recall what people were saying. its had had its -- had had firs

david: gina and mark. great to see you, thank you. >> thank you. >> coming up next, president trump sees brazil as a top military ally in the western hemisphere, we have more on that when we come back. ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in. let's see, aleve is than tylenol extra strength. and last longer with fewer pills. so why am i still thinking about this? .. so, you're open all day, every day. that's what 24/7 means, sugar. kind of like how you get 24/7 access to licensed agents with geico. hmm? yeah, you just go online, or give them a call anytime. you don't say. yep. now what will it take to get 24/7 access to that lemon meringue pie? pie! pie's coming! that's what it takes, baby. geico®. great service from licensed agents, 24/7. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the onl

david: welcome to "bloomberg daybreak." i am david westin, alongside alix steel. spring. a gross margin of 34.2% compared .o an estimate of 32.9% net sales put much right on. -- pretty much right on. alix: pretty good quarter from general mills. all i hear from spring is my daughter is going to stay up later. how do you make a toddler go to bed when it is light at 9:00? in the markets we have some idiosyncratic things, but overall it is and of latency. a little -- a little bit of weight and see. yields down by about two basis points and crew taking a hit. overall, caution ahead of the fed. that is your theme as we head into the fomc minutes later today. david: we will see what happens after we find out what they decided. let's take a look at first take now. we are joined by bloomberg's andro strategist process it reporter. overnightn bayer on the second round of carcinogenic findings in a court in san francisco, finding round up causes cancer. the stock down almost 12% now. this raises questions about that monsanto acquisition. >> it does. sincedown more than 30% june, so

david: this is bulls and bears, i am david asman, thank you for joining you, with more christina, and jonathan hoenig, liz peek. and gary -- and mark lauder thank you for coming in. president said, as we heard word -- if not for federate hikes we would be up 4%, do you think he is right? >> absolutely. you had the continue all hikes by the fed that were holding down market, sending some of the shockwaves through. i think that by loosening that up, now signals we see today with the market, as fed signals, if they are don with rate hikes the economy is start ticking off in the upward direction. >> what is the most important message you want to get to voters before the election. is it wages are going up or investment or stock market, what really resonates when you sit down with voter focus groups? >> i think it is wages, that is what most people live paycheck to paycheck. when they see their paycheck go up and tax bill goes down those are good, they like that sta pillty, they like know -- stability, they like knowing we have a strong economy, and never been a better time to get a job or

david: we wish him the best. you said attorneys like him, according to "wall street journal," mark geragos was a co-conspirator in the nike ordeal. birds of a feather? >> you know it will be really interesting to see if there is truth to that allegation. if is is mark geragos, unfortunately sometimes about world of criminal defense, you can get sucked to what your clients are doing, around than maintaining integrity went the defense world, it is really unfortunate to see people because everyone deserves a defense, they are afforded due process, but what you become like some of your clients that is what trouble starts. david: jenna ellis thank you, more trish regan primetime, stay more trish regan primetime, stay with us.or what you need. liberty. liberty. liberty. liberty. ♪ but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of pe

david: thank you. appreciate this. >> mueller probe may have ended but some democrats pledge to continue their investigation with that can we heap for any bipartisan progress in congress. on big ticket item, we ask south soutsouth dakota senator he is h us next. >> i spoke with nancy pelosi about it the other day, we agree on it we like the type, i think, like the type of infrastructure we're talking about. shouldn't mean going back to the doctoro just for a shot. with neulasta onpro patients get their day back... to be with family, or just to sleep in. strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, som

david, angela merkel seems to want to do a deal. david: she says there is still joint interest. she says brexit options are diminishing. i do not know there were many to begin with. there are even less now. she wants to do something but she is not sure how it can get done. alix: nonetheless, you still have sterling up .6%. unbelievable. david: i do not think people really believe they are leaving. the market say we do not believe you. alix: theresa may horse with passion. -- hoarse with passion. coming up we will talk about the biggest risk in the oil market. this is bloomberg. >> you can see a tightening of the market. the u.s. has to make decisions whether to extend sanctions to iran or not. all of these things can make a volatile year. ♪ viviana: coming up later on bloomberg markets, mike wells, prudential ceo. alix: time for follow the lead, a deep dive into stories making headlines and moving markets. the insights from industry veterans and insiders. we take a look at the risk in the oil market. i spoke to -- he said geopolitical uncertainties are the biggest unknown. >>

david: exactly. it turns out they knew there were problems with the way they certified this aircraft beforehand. that is not good for boeing or the faa. alix: not at all. we are monitoring that story as well. we turn now to wall street beat. we could have the biggest merger ever in international payments. lyft sees $1.2 billion in ipo, which could be the year's biggest public offering aside from uber. [laughter] bloomberg'sng us is bureau chief. guest: a lot of accident -- a lot of action happening here. we are changing the way we pay for things. paypal comes into this. there's a big story and "bloomberg businessweek" a month ago talks about how all of this processing business is going to change. alix: when i read it, i read wordplay. i was like, why do you want to buy that game? [laughter] david: in the meantime, and europe, you have the largest ipo in the euro zone. this is a hot area without a doubt. >> there are a number of firms that will process now when trillion dollars annually. alix: it is g

david: it is not just google. we have reports spotify has filed a complaint with the competition authorities saying it is not fair for us because apple has its own streaming music service and if you want to use ours you cannot go through the app store. it is much more difficult to do. jame: it will play out the same way. you will have the eu which has a much broader policy for antitrust enforcement, different law it can use, and you will see an intensive investigation of that. over here, whether it is private litigation or the antitrust agencies, that will be more of an uphill battle. the law does not accommodate looking at these downstream markets so the platform here is allowed to be in these other markets. you would have to prove harm in that market. the policy is quite different in the eu. david: this is an instance of the eu having tough competition laws, may be tougher than ours. james: there was a merger in rail and the two countries wanted to create a industry champion to fight off the chinese that were en

coming up later, david cote talk -- david kotok, cumberland advisors ceo. time for follow the lead, a deep dive into the stories and moving markets from industry veterans and insiders. .oday our focus is on shale colombia's state-controlled oil company is looking to add refinery conversion capacity as it seeks to increase exports. to a ceo aboute the companies plan to boost production and reserves. filipe: in terms of reserves, there are four things we want to do. , increasing the recovery factors, the second is columbia, the third is going abroad. we already have a presence in the u.s., in mexico, and in brazil. the fourth is unconventional's and columbia. alix: before we get to that, it feels like the easier by an would be to buy a u.s. company. is that on the table? filipe: it is something we have looked at what if we going to the u.s. we want the production in the reserves. we want the know-how. part of what we thought about is can we partner with somebody, can we create a joint venture where we get the expertise in the u.s. and bring it back to columbi

david: we have to move on. global fears growing as more countries now say they are suspending flights on the boeing 737 max jets. the president says plains are becoming too -- planes are becoming too complex right now to fly. is he right? t. rowe price experts go beyond the numbers to examine investment opportunities firsthand, like biotech. because your investments deserve the full story. t. rowe price invest with confidence. tthis is the invitation to lexus sales event. lease the 2019 is 300 for $329 a month for 36 months. now thru march 31st. experience amazing at your lexus dealer. (bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪) david: the eu's aviation safety agency suspending all flights by boeing's max aircrafts following sunday's deadly plane crash in ethiopia. the eu joining china, australia, indonesia and other countries in grounding the planes. boeing say

david? >> david kerley leading us off again tonight. david, thank you. >>> and as we were on the air here last night, we took you to that dangerous inferno out of control, and tonight, authorities just a short time ago near houston revealing more tanks are now on fire tonight. eight tanks now blazing, two more exploding into flames today when firefighters briefly lost water pressure. tonight, of course, the concern now growing for families in the path of that billowing smoke. and debris actually landing in their yards now. abc's marci gonzalez again tonight. >> reporter: tonight, those towering flames burning out of control at this chemical plant for a third day. >> it is evolving. it is a dangerous situation. >> reporter: today, debris falling into neighborhoods. >> they look almost like a lump of charcoal. >> reporter: officials closely monitoring air quality, insisting it is still at safe levels. the wind carrying what huge plume right towards houston. but officials say that smoke is 4,00

this is bloomberg. ♪ david: this is "balance of power." i'm david westin. we want to mention the democrats have chosen the site for the 2020 convention. it will be held in milwaukee. the president shocked the establishment by carrying wisconsin in 2016, the first republican to do so since ronald reagan. and a new poll is shedding light on the red-blue divide and how americans view some of the biggest names in the corporate world. emma will explain. emma: this is a poll where they asked americans to identify the top two companies, the ones with the best reputations, the worst reputations, and they picked companies and asked a wider group to rank them. democrats had better views of target, kraft heinz. target, 69% approval over all. and 63% for republicans for target. so kraft heinz did better with democrats than republicans. we know it is having issues in their products, maybe not necessarily appealing to many americans. and republicans preferred bp and ups. walmart was in the middle with a sort of a same approval rating at 60 and amplify percent from the de

david: thank you to ann marie . alix: more on theresa may's final appeal for her brexit plan, coming up. currently.king take a look at today's jobs numbers and celebrating international women's day. more women equals a better result. see the orange bars, 25% of the executives are female. you see what happens to their r.o.e. higher than the rest of the s&p. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." el-erian, mohamed bloomberg's opinion columnist. alix: theresa may making her final appeal for a brexit plan. you can see her speaking live in grac grimsby. what happens next week? stephanie: you had a lot of optimism in your description saying this is the final plea. i'm sure it's not her final plea. there will be many more please before the vote. -- pleas before the final vote. there was a flurry of optimism that the hard-line brexit deal will come into line. that,ess optimism around optimism coming out of those robust discussions. -- weteresting dynamic should say a bit about grimsby. one ofvery nice

>> not at all, david. look, this is a michael cohen of companies, in a sense they started in the beginning, steal ing from nortel, and its continued you're stealing from everyone now saying please, trust us now, and they're not a private company they have communists on their board and many ties to chain a so no, i do not believe them. >> okay they're basically both right in this interview. first of all, the robot would tell you if he could speak some day when he was artificial intelligence that they stole this technology that t-mobile used with this robot they got from japan where it tests the phones and what is different is that now, the government is acting very aggressively against this sort of behavior that's been going on for decades from china so it is correct that because of the trade war we're stepping this up at this point in the past they wouldn't have put anybody in prison over tappy the robot theft or whatever specific case this was so they are both rightist because of the trade war but because