vonnie: i'm vonnie quinn. earnings day for u.s. stocks. roughly 13% of the universe of s&p 500 companies are reporting today alone. julie hyman has a roundup of the hits and misses. we are not seeing a lot of change today because investors are looking for more direction from washington. we are seeing so many individual movers. a couple of surprises here. they are going in surprising directions. under armour posting a smaller loss than it had guided to back in january. since thee first loss company went public in 2005. those shares are soaring because of the lowered expectations. lowered also expectations. that was a smaller drop than estimated. the company says the first quarter was likely the first of the year and the shares are still down 2%. -- you willrom ea see that we have earnings growth reported for the s&p 500 of about 11% sales growth. just over 5.5%. growthto double-digit for companies in the s&p 500. one of the companies, ups in a little bit. still ahead, deutsche bank is apparently all dressed up with nowhere to grow. we'll ex

vonnie: i'm vonnie quinn. this is the european close on "bloomberg markets." ♪ mark: we are going to take you from new york to london, plus, covering stories out of paris and washington. here are the top stories we're following on the bloomberg and from around the world. french election campaigning grinds to an early heart following the attack. -- an early halt following the attack. how are the elections faring with memories of brexit and the trump election still fresh? and: and bracing -- vonnie: bracing for the possibility of a marine le pen advance. we hear from pure moscovici. shouldsident trump

vonnie: from new york i'm vonnie quinn. [captioning made possible by loomberg television] vonnie: we'll take you from new york to london in the next hour. plus covering stories out of syria, china, and bens knows air rest. here are the top stories from around bloomberg and around the world. the u.s. launches missile strikes against syria sending 59 tomahawk missiles toward a syrian air bass. we have the story covered from all angles from russian reaction and others. vonnie: the meeting with his chinese counterpart, is he pressing zi on critical issues such as trade? and south africa is hit with another credit downgrade. cuts the nation's debt to

vonnie: i am vonnie quinn. this is bloomberg markets. turning now to mergers and acquisitions and a big deal in the luxury space. a french billionaire is moving to consolidate control for about $3.2 billion as one of the biggest transactions ever. shares of both companies are higher on the news. bloomberg's robert williams has been covering this story from our paris bureau. buy?in, why would lvmh a pretty pay set. the company that makes the fashion accessories and handbags and clothing has actually been separate from the perfume and beauty business which lvmh has owned since the 1960's. so seeing these brought together under the umbrella of one company, by doing this you hope to have a greater impact and seek financing more easily. mark: but it is a two-part transaction. lvmh, butts not only permits as well. how have investors reacted? shares of lvmh have gone up 4%. i think investors are happy they are getting a share of the action of what is a relatively strong brand. they have around 2 billion euros every year in sales and it has grow

vonnie quinn. mark: live from london, i am mark barton, roughly 13 minutes away from the close of european tuesday session. is introducing a new model. a revamped iphone for the 10th anniversary, joining us is bloomberg technology reporter mark gurnan. tell us about the revamped version what specs it will have. mark g.: there will be three new models. one will be an overhaul. apple is testing curved glass, and more advanced cameras for this upgrade. mark: it comes at a critical time, doesn't it, not only for apple but it is looking over his shoulder at them some? mark g.: absolutely. samsung is coming out with their phone on friday the 21st and it has been recognized as a hit phone. it has a bunch of new features so apple would be going against this new phone, especially after it stale slide last year. actually has to use samsung is a supplier, right? mark g.: samsung will be supplying the panels for this iphone because other makers like japan display and sharp are not ready. vonnie: samsung is a w

this is bloomberg. ♪ vonnie: i am vonnie quinn. i am mark barton. your neck are rising today to mark the like bonds and goals, making investors cautiously optimistic after morgan stanley reported strong first-quarter results. larry fink weighed in on the importance of corporate earnings interview with bloomberg daybreak: americas a little earlier. >> earnings season is probably the most important issue for the markets today. the marketplace had higher expectations, quick actions out of our government related to tax infrastructure, and then deregulation. that will obviously take more time. if we don't have earnings validating these, we can adjust downward 5% or 10% from here. mark: also seeing signs of caution in the markets, cofounder and managing partner, he says volatility -- volatility measure reading -- great to see you in person. fink?us like larry where does your caution stem from? >> we are seeing diversion says from death between the stock market and bond markets and stocks and credit. and the hard data versus soft data, i'm concerned that s

. ♪ vonnie: this is bloomberg markets. i am vonnie quinn quinn. investors assessing the details of the presence tax proposal as his 100 day mark approaches to the sentiment seems to be to not sell at all on actual changes in things like trade policies. it would take longer than markets expect. is the president of pacific heights asset management. this yield that we used to talk need for the market to grind higher. you say that will continue no matter what. >> i think as long as corporate earnings remain strong, in fact, corporate earning estimates are little higher than i expect. q1 earnings have been good. recent quarters. as long as earnings are strong remain thet rates for, then, that bodes well the stock market going forward. we would be weighted more towards growth names, manufacturing, finance, those sorts of sectors versus consumer staples. we would be moving away from the equivalent names and more towards growth stocks, what we see as a longer-term growth environment. vonnie: how does that underlie the changes that we make it later on to l

this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. this is an update -- the senate is no voting on new rules, the option, that is. voting will take 51 votes to approve neil gorsuch as a supreme court nominee. change may be coming to wall street. aring a private meeting, goldman sachs executive, president trump's adviser, says he is reinstating the glass-steagall act. is elizabethw dexheimer. itseems surprising, but actually could be in keeping with gary cohn's outlook to allow the old investment banks to go back to their red and butter, being investment banks, trade, security. it is very consistent with what other people in the administration, including donald trump, president trump, have said about glass-steagall. and is a meeting with cohn members of the senate banking committee, democrats and republicans, yesterday. it was an informal q&a, and it was senator warren who asked the russian of cohn -- the question cohn regarding glass-steagall, and he did make it clear he is supportive of a separation between global banking and commerc

this is bloomberg. ♪ vonnie: live from new york. i am vonnie quinn. mark: this is "bloomberg markets." time for a look at the bloomberg business flash. maker has agreed to a takeover offer for a private equity firm bain capital. it is one of the last independent generic drug businesses in europe. the price for present a 49% pricem to the company's in december when talks of a takeover emerged. isisraeli drugmaker considering whether to sell the women's health division according to people familiar with the matter. it could fetch up to $2 billion. they have been trying to reduce their number after the takeover of allergan last year. dozens of contractors were hired to root out fraud. that is according to people familiar with the matter who say the job cuts at the securities and exchange commission raise concerns that the pace of enforcement actions will slow down. the agency is bracing for possible budget reductions but they say that didn't lead to job cuts. that is the latest bloomberg business flash. quick: time for a takeover we provide context and ba

vonnie: i am vonnie quinn. this is bloomberg markets. shares of dialogues semi conductor plunging after an analyst warned apple will cut back on use of the company's chips. frankford with why the warning had such an impact is aaron reckitt dello. on the frank failing -- frankfurt stock exchange, this is a massive deal. is apple the only person that ?ere -- orders from dialogue wethis is the second time have seen these actions happen in this space of a week and a half. the trade on the frankfurt apple forthey rely on some 74% of their sales. , they are aey make specialist in these power management chips for the iphone and ipad. there is reports today from a german bank that said apple was starting to ramp up its own development for these power management chips and that dialogue was at risk and downgraded them to a sell. we saw a similar situation about a week and a half ago. mark: if you were a company like imagination or dialog, if you are an investor and are thinking what is coming our way? aaron: the dialogue shares atnged, they lost o

vonnie: i'm vonnie quinn. this is "bloomberg markets." u.s. oil inventories are about to come out, calling for a drawdown in stockpiles earlier. developed nations cut inventories by 23 million barrels in february, sending food on a seven-it winning -- seven -- sending crude on a seven-day winning streak. we got a julie hyman. julie: 2.1 7 million barrels draw down there. this was larger even that came out last night as well. there was a built in cushing, .klahoma the drawdown in gasoline and distillates larger than estimated. gasoline inventories, nearly 3 million barrels. isdates, 2.2 milion barrels. --inery utilization and 02 0.2%. let's look at my terminal. it looks like that is showing a little more clearly the reaction, the leg up we are seeing after oil had taken a leg down. this point. you can get more analysis on this inventories report not just today but every wednesday on our block on the bloomberg, where a lot of different reporters and analysts weigh in on this report every single week. it looks li

. ♪ ♪ vonnie: live from new york. i vonnie quinn. mark: and i'm mark barton in london could this is "bloomberg markets." right time for the bloomberg business flash looking at some of the biggest business stories right now. chinateel has taken on attracting attention from politicians. the company wants the government off the trade agencies that steelmakers join forces to keep prices low and undercut competitors in the american markets. international trade commission will hear u.s. steel pot the argument today. sold itsovernment has bank for $3 billion. the u.k. government set up the bank in 2012 to spur clean energy investments. it was put up for sale last year to raise money for privatization. bloomberg spoke with the chairman. try to develop a relationship in the region, and currently, we have potential especially -- , we want to be a platform, a base, a gate for turkey, for investments. upside will behe $200 billion. that is the latest bloomberg business flash. vonnie: it is time for our latest business quick take where we find ba

vonnie quinn. nejra: and live from london i am nejra cehic. this is bloomberg markets. oils trading near session lows. still about $50 a barrel. opec has output costs confronting pessimism over rising u.s. supply. joining us to discuss this further is the cusick group. great to have you on the program. opec. cautiously optimistic that the market is rebalancing. how do you feel about that? >> i think it is a crapshoot right now. right now the rebalancing is going to be based on growth. so we start seeing the pmi and cpi levels that have forecasted some serious growth coming forward. beingt see the supply as really moved at all. vonnie: and we are keeping an eye both in terms of inventories pound, the markets, are they going to be looking at that inventory level. >> last week we had a little bit smaller than expected ill a little over a hundred million barrels. it on the thousand, excuse me. -- 800,000, excuse me. there is a continuation of the recounts which are basically what we haven't seen since

. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. jeffrey is still with us along with paul. .> thanks again, vonnie we hinted at this earlier. there is a lot of uncertainty as it relates to the trump administration. they tried to replace and repeal obamacare. there are other things that impact m&a like tax cuts or infrastructure. helpinghat harming or the m&a environment? >> it is a great question because uncertainty is not helpful for m&a and there are a lot of things that fall into that category. will there be a tax holiday? did actnsors get the ability. and some larger questions, where will the national security review go? it speaks to a bigger issue. , there arencertainty opportunities for savvy acquirers who can do deals. theaw this with brexit, classic example of using uncertainty to your benefit. good point. now is the time if you are a see you know you willing to take that risk when you don't know? i think we thought the tax reform package will be an easy thing for donald trump with the republican house and senate. who knows?

vonnie: and i am vonnie quinn, this is the european close. another big week for president trump as he will welcome the chinese president to his resort of mar-a-lago later this week. mckee. us now is michael they will not be playing golf. i think that is a face that having that is a fair assessment. >> he has crackdown on playing golf. i'm not sure trade is going to go anywhere as an issue for this summit meeting. the trump administration, there is nobody home. eight of nine senior positions are unfilled and there are no deputy secretaries or their deputies at the treasury department, so who is going to negotiate these things? we know the president trump does not have much about the details, the stories that were reported on his meeting with angela merkel say that he was very unprepared. what would not expect him to want to go deep into trade details. what they might talk about at , with thenorth korea stories coming out recently like today in the new york times about selling excess materials to make nuclear bombs so they obviously have enough

vonnie: i am vonnie quinn. this is bloomberg markets. time for futures and focus segment. that's go down to the cme. joining us is ted seifreid of the zaner group. talk little bit about gold. where the 1280 mark. we saw plenty of safe haven buying. is this all safe haven-related? safe haven-related with the global issues we are seeing. there has been talk about france possibly leaving the eu, and that is driving that as well. speculators have gotten involved. when you look at the chart, it is interesting. there larger speculators and smaller speculators, they're getting it. on the cash that of things, zaner precious metals division is not saying that. we are not get that cash buying we would normally see. in fact, we are seeing dealers turned in a fair amount of stock at these prices. so you think gold has a tremendous amount of resistance up between the 1300 and 1350 range. i think would be optimistic to think we can get to that or see a trade through that. vonnie: what about oil got go we had separate news be

vonnie quinn and i am vonnie quinn. speaking at is the deputy governor of the people's bank of china. today's time. you know, first on the chinese economy, the chinese economy had recently been stabilized. of thisfirst quarter ,ear, the gdp growth rate, 6.9% a little bit higher than most people expected. 1.4%. is i over we have a higher pp 7%. that was expected. partlso, the very strong imports andmy is exports. imports and exports had been very strong this quarter. the total export and import volume surged 21.8% in the first , in which exports increased 14.8% and imports increased to 31%. that is partially reflecting the of the trading market and also the strong import to china. reflecting relatively stronger domestic economies. across the commodity prices. so with that kind of relatively robust economic growth, i say are the reason behind that several reasons. first, the domestic demand is stronger right now. economy, the external has recovered, reflecting the international trade margin. and thirdly, the energy and co

this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. let's get a check on bloomberg first word news with mark crumpton. state,.s. secretary of >> tillerson arrived in moscow to try to end moscow's support for syrian president bush are all assad. he kremlin spokesperson calls that absurd. tillerson is meeting with president putin and survey minister sergei live rauf. he has talked about contradictory ideas from the u.s. and rejects the idea that russian was behind the chemical attack. >> u.s. secretaries of state tillerson is talking in moscow and we welcome this direct, high-level diplomatic engagement at this crucial moment between the united states and russia. isk: senator john mccain congratulating montenegro for its upcoming nato membership and criticizing russia for its alleged attempts to interfere in the balkans. speaking in montenegro today, senator mccain said the russian behavior is not acceptable. mccain was a prisoner of war during the vietnam war and is one of the strongest supporters of expanding nato in europe. a lawyer f

this is bloomberg markets and i am vonnie quinn. many companies say president trump's proposed corporate tax plans would be good for their bottom line. morrison home corporation -- one of the largest home-building trumps taxn the u.s. plan is generated interest among homeowners. is home corporation chairman and ceo sharon palmer coming to us from our d.c. bureau. the stock is trading quite nicely. it is a multi-year high. have seen a pickup and interest in home buying. the country where you are most active, california, the western sunny states. guest: great to be here today. host: where's the growth going to come? >> we are in many of the top markets across the u.s.. in arizona, california, colorado texas him the carolinas, georgia. to continue to focus on the markets we are in. >> is there any concern there may be some frost -- some frothiness in those markets. many private equity people bought up a lot of homes. any concern that may impact taylor morrison in the near future? >> we continue to raise prices in a number of our commun

vonnie: i am vonnie quinn. this is the european close. president trump ahead of his lead -- meeting with the nato chief, moments ago the white house released actions designed to streamline the structure of the federal government. it starts the president's pledge to "drain the swamp." joining us now, one of our white house reporters. shannon, explain to us what exactly is in this action? >> it is intended to be the start of a campaign promise to "drain the swamp." but like repealing obamacare it might not be an easy -- as easy as the president is anticipating. the first step they are taking is an executive order which is sort of an open call for suggestions about how the government could be reorganized. the head of omb says he wants to start with a fresh, clean slate. a blank piece of paper and really think, if we were to rebuild the federal government how would we rebuild it? are there agencies that could be broken up? are there things that could be moved around within the federal government? things that can be made bigger? really, just a

. ♪ ♪ vonnie: live from bloomberg world headquarters in new york. i am vonnie quinn. nejra: limb from london -- live from london, i am nejra cehic. the european close 15 minutes away. oil u.s. weekly inventory came in above forecasts. holding above $51 per barrel, brett above $54. alix steel is with the goldman sachs -- is at the goldman sachs imposing in new york. >> if there is one man you want to talk about oil inventories is scott sheffield the us to be the ceo of pioneer in that pioneer. -- ceo of pioneer. over 9ion in the u.s. million barrels per day, a 14 month high, sustainable and $50? >> yes, especially with the permian basin. 9.8.ime highs about we hit 9.7 in 2015. i expect it to keep climbing, primarily because of the activity in the permian basin. >> when do we get to 10? >> sometime in 2018. >> inventory build side, did you get that from cushing and the overall inventory of a love imports coming into the u.s. or a weaker demand and strong production here? >> i still see strong demand, 1.5, 1.8 million barrels her day around the world growth. cushing is a

i am vonnie quinn in new york city. mark: this breaking story on the bloomberg, which i told you about a few seconds go. the infrastructure company atlantia is exploring a takeover offer of the spanish tollway alber tis. roantia owns an italian adway firm. the company valued at 20 billion euros. albertis has risen on the year. a burtis was pushed to acquire atlantia. atlantia said in october that they plan to boost earnings abroad by acquiring airports and highway assets outside italy. atlantia chief executive is raising funds for potential purchases as a strategy to reduce pendency on the home market. they would create a company with combined annual revenue of more than 10 billion euros. that is pacing their french rival. we will keep an eye on this. it is an interesting breaking story. vonnie: fascinating. it is time for our smart-beta segment. attention onmost smart-beta goes to value and momentum. linked to $40 billion, it inspired goldman to join the party. joining me is eric balchunas. weighting is not a fancy sma

vonnie: and i'm vonnie quinn. this is "bloomberg markets." netflix may have a tough build on the strong momentum where they reported fourth quarter earnings. for more on what to look for, here's bloomberg media analyst paul sweeney with us. paul, netflix has been on a tear but others have been nipping at its heels including ulu and, you know, various broadcasters. how does netflix hold on? paul: the advantage netflix has had is they have the tremendous brand identity. netflix, it's like the kleenex of streamer. they have mover advantage certainly here in the u.s. and many of the european markets. third thing is they have a very large checkbook. they are able to buy and/or develop a tremendous amount of original programming and high quality programming and that's kind have been their calling card. but it really has been a race for subscribers globally. they are approaching 100 million subscribers globally, about half in the u.s., half outside the u.s. so they have established a dominant position. but you're right. there are a lot of competitor

vonnie: this is "bloomberg markets." i'm vonnie quinn. every monday we zero in on the m&a and analysis from the biggest players behind the deals. deals reporter alex is here with a special guest, alex. alex: thanks, vonny. i'm here with vito sperduto head of m&a at capital markets. thank you for being here. vito: good to be here. alex: i happened to see google put out its own search statement saying the search term world war iii has had a giant spike recently obviously with all the international tensions. you are the head of m&a. you did a lot of work for defense at aerospace companies. clearly the united states wants to dedicate more money toward military spending. they put out a proposed budget that says more money. from an m&a standpoint do we expect a lot of activity in the defense and aerospace world? vito: i think we do expect a lot of activity. you talked about the budget. the 2018 budget talks about a defense spending increase of 10% which is about $574 billion. also importantly you have the veterans administration and homeland se

vonnie: i'm vonnie quinn. we hear a lot about tax reform. bank of america merrill lynch head of global economic research joined bloomberg earlier. >> i think we need to recognize the agenda before congress right now is massive. these are complex legislations. very complicated, a lot of new bells and whistles. health care reform is always tough. it took obama 13 months to get his health plan through. att we are looking for is what point do leaders in congress start to scale back the bills and try to be a lot less ambitious in what they are trying to do? on tax reform, if you go back a year, people were not talking about tax reform, but international corporate tax reform, fixing this problem where we discourage companies wem locating the u.s., where have much higher corporate rates than other countries. that should be the focus. that is where the biggest problem in the tax system is right now. if they can pivot to that and simplify the bill, then i could see significant progress in tax reform. if they continue t

vonnie: i am vonnie quinn. this is the european close. larry fink is keeping a close eye on france and the united kingdom to where political risk is uncertain. he spoke with erik schatzker to discuss brexit and the french election. larry: i would say from our fears of the third and fourth quarter going into the first quarter, the fears have abated. we still do not understand what brexit will mean for the u.k.. i have been in constant dialogue with the administration and they asked us what our intentions are. we will stay pat and watch, until we understand what brexit means related to europe. what are the key elements that people have not talked about? europeans have been discussing items like, we want you to manage all european liabilities in europe. most firms use london as its platform for that. if they can find a way to force that type of behavior change that you have to manage, so you have to have your traders, portfolio managers in continental europe. that is the key, because if we have to move to europe to manage it, then the banks

this is bloomberg. ♪ ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. of 40%d average returns a year, creating some of the world's richest partners. the cofounder is ranked 59 on the bloomberg billionaires index. signalstegy is to find hidden in the noise of the market. we cover the world of global valuation and have been dying into -- diving into a lot of documentation as part of the story. sometimes you feel like you are reading numbers out of this world. you may as well be looking into a crystal ball. >> exactly. renaissance technologies has minted another billionaire. their former the key of research joins their cofounder, and he started actually as a math teacher. join92, he left to renaissance technologies. their successful medallion fund is a billionaire four times over. vonnie: they are very secretive. they are so successful. what do we know about what they are losing if anything? >> they have not lost money since 1989. i have over one million lines of code. that powers a lot of the trades they do. the only way to invest in that successful medal

vonnie quinn. this is the european close. on bloomberg markets. mark: we are going to take you from new york to london in the next hour, covering stories out of paris and utah. here are the top stories following on the bloomberg and around the world. european markets holding on to ,heir appetites for risk campaigning around two of the french elections. the stoxx 600 edging higher. marine le pen goes on the offensive again against rival emmanuel macron. vonnie: where are the biggest value opportunities in europe? cveyill speak to henry m on why he thinks european economies have a lot more room. as president trump approaches tax reform, we will talk to utah governor guy herbert to talk about how his they has fostered an environment of economic growth. and we will talk about silicon valley. mark: we will have a look at european equities 30 minutes to minutes to the end of the trading session. stocks are rising. the risk rally continues. the european benchmark, the stoxx 600 gaining for third day. highest since august 2015. expectations that macron wi

. ♪ vonnie: from bloomberg world headquarters in new york, i am vonnie quinn. nejra: and i'm him in london. this is bloomberg markets. vonnie: schneider national has begun trading on the new york stock exchange. sharesnearly 59 million at $19 apiece and shares are up 2%. alex is on the floor of the nyse with more. >> i am here with the chief executive officer of schneider. chris, the shares sold in the market range, trading just up a little bit so how are you feeling about how this deal went? the whole process, we had great advisors, the associates of the company did great. andid at the schneider way this seems to be what's happening. it's slow and steady. >> you have been a family-run company for a while and it seems like an opportune time to list the company. what do you think is driving the company being up over the last year. we move the nation's economy with trucking and everyone is hopeful we will start to see growth. i think that's part of it. also the regulations will cause theye to have to decide if are in or out. i think that will be good for the indu

this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. bad news for apple's's top suppliers, which gives apple more leverage to negotiate lower prices. head of the new iphone launch later this year. uber technology reporter alix joins us with more. on the face of this, it is a good time to be apple. you have a little leverage with suppliers, much like walmart did for a long time with its suppliers. -- when we hear what will be in the new iphone, apple suddenly has to rely on samsung. at the end of the day, is it a good idea for apple to diversify away from the suppliers? >> absolutely, particularly in the chip semiconductors space. chipmakers around two years ago. that gives a certain amount of power to the semiconductor industry to set their own prices. less competition to negotiate. apple likes to have at least two suppliers and any given component, often playing the two against each other. apple has been developing its own chips for quite a while. increasingly becoming available and that returns a little bit of negotiating power to app

. ♪ vonnie: live from new york, i am vonnie quinn. nejra: this is "bloomberg markets." oil extending gains above $51 a u.s.l as focus returns to inventories. we get that data shortly and joining us to discuss this further is built stray bowl. great to have you. see the wtild we price go in this session with the data around the corner? bill: it is interesting here. i think $53 will be the high end of the range. $47 if we saw the floor drop out. really, we have $50 in between. there are three top drivers and one wild card. the imagery data, a drawdown of 700,000 barrels. we did see a drawdown yesterday one .7 million on the api. remember, the oil inventory data reporting at 45% of the five-year average. so that is one element to this. another exports are element. we are pumping 600,000 barrels per day whereas last year it was 400,000. and this really reflects around the job numbers. we saw adp come out this morning 263,000. a big build up here on the jobs to create the increased demand. nejra: i'm glad you mentioned the adp. above $55 a barrel right now. wti above $51. mo

this is bloomberg. ♪ vonnie: this is bloomberg markets i'm vonnie quinn. this is some of us with luxury and boston will soon be able to have a second structure by the company. for season residences in this neighborhood, it's going to be called one bolton for short. completion. we have richard freeman joining me now. developer the leading on what is going to be the tallest residential building in boston. where is the confidence that it is going to be filled quickly and at a price point you want to be bill that? -- filled at. >> boston is ready for a fantastic project like this. only a few cities in the world have to four cities. type of nature that boston hasn't seen before. been amazing.have four seasons have a number of hotels around the world that are very successful. we so have 18 months to go in construction. there is a lot of development going on in boston, any concerns that we might hit a bluff? >> i'm not concerned with our project. we are more expensive, more exclusive, than anything in boston by a long way. we are very confident. beenink that it h

i am vonnie quinn here at world headquarters in new york. nejra: we are going to take you from new york to london and the next hour, plus covering stories out of beijing and progress. the top stories we are following on the bloomberg and from around the world. eyes are on florida as chinese president is due to land any moment for his meeting with president donald trump. renieesident trump political -- scoring political points on trade and currency manipulation? europe, ecb president mario draghi comes out against tightening anytime soon, but not all of his beauties may be on board. -- deputies may be on board. we explore. in u.s. politics from the senate to take a critical vote on the nomination of neil gorsuch to be the next supreme court justice. the senators do not vote to in the filibuster, the so-called nuclear option could be on the table within minutes. let's have a look at where european equities are trading right now. just under 30 minutes to the close. we see a little bit of a 600 weaker the stoxx at the opening following u.s. sess

this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. continuing with one of today's big stories, it's a risk on rally after france's victory with emmanuel macron and marine le pen in the first round of the presidential election in france. the two candidates will face off in a may 7 runoff. for more on this market friendly outcome and what is to come, i want to bring in larry hathaway. of alls the best outcome possible worlds and will that sentiment continued? larry: it was one of the best. i suppose an outcome that did not have marine le pen in the second round would have been more cheered by the market, but her boat show was lower than expected. many people thought she might get as much as 25%, but she fell margin. that macron seems to be pulling in endorsements from candidates who did not make it through the second round. it is looking as though a pretty sure thing as macron being the next president of france. it tends to mitigate the tell risk out there. vonnie: we know the spread is down under 50 basis points, which means relatively

. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. mark: we are counting you down to the european close. brexit fallout continues. hsp shares falling by the most in more than a month. some of the biggest clients are asking for their business to be routed through banks in europe. clients are not waiting to see what deal the u.k. strikes with the eu. multinational companies want to ensure they can continue to -- continue trading, no matter the outcome of these negotiations. stephen morris covers european banking. no one is going to stick around and wait for the final decision or news to come out of these brexit negotiations. companiesse, large say they think they will have to do it, so why not just do it now? they are asking for things like associated transactions to be re-documented through the paris office. this is in combination with a just -- hsbc moving about a thousand of its banks to paris to cope with the demand. mark: tell me about flipping and why we should care, because this is another thing companies are evaluating. >> the u

vonnie: in new york, i'm vonnie quinn. the european close on "bloomberg markets." ♪ mark: we are going to take you from new york to london in the next hour, plus covering stories out of brussels, zurich, and ay.ssels tod the stoxx 600 pointing ahead to a loss, despite big earnings from ubs. we will hear from the ubs chief executive as his wealth management business searches. -- surges. vonnie: the u.s. expands at its lowest rate in three years. is it a glitch or will give the federal reserve reason the to pause? almost 100 days into

this is bloomberg. ♪ vonnie: this is bloomberg markets, i'm vonnie quinn. yahoo! is reporting earnings after the closing bell today. investors will want details on the purchase of verizon for 4.5 -- $4.5 billion. the deal was pushed back to the current quarter and given a $350 billion discount. let's look at yahoo! in today's numbers don't lie. data has deteriorated steadily over the past four years. it still represents over half a billion eyeballs. that is meaningful to advertisers and verizon which wants to become the third-largest player after google and facebook. they think they can generate $20 billion of rep -- of ad revenue by 2020. yahoos revenue decline is slowing, and sales in the quarter were down. not as much as previous quarters. it marks the best revenue performance in a year and half. it implies a turnaround. what really matters to investors on tuesday, today, how yahoo! plans to monetize the remaining assets left after the verizon deal. mainly, it's a $40 billion stake in alibaba. i verizon, tim armstrong has gotten some heat from the sale name tha

this is lubricate ♪ vonnie: live from bloomberg world headwinds in your, i am vonnie quinn. mark: live from london, i'm mark barton. the european close. minutes away. time for the bloomberg business flash, a look at the biggest business stories in the news right now. appears to be solving one of its biggest problems, attracting new users. the company showed signs of new life in the first quarter. reporting monthly activity that rose 6% in the last year to $328 million. revenue has not kept pace. for the first time since going public, twitter posted lower revenue. still, the stock is surging. china southern airlines has body jets.uy wide the list price of the deal is about $6 billion although airlines usually get discounts on big orders pay chinese southern is a state-owned carrier that recently agreed to sell a stake to american airlines. they plan to expand the fleet 2020.00 planes to 1000 in that is the latest business flash. take a look at where european equities are trading as we had to close. stocks are higher. yes, six consecutive days of gains. this is bloomberg. ♪

this is bloomberg. ♪ vonnie: i am vonnie quinn. mark: this is the european close on bloomberg works. let's focus on france. investors are looking for direction as the race tightens. round one is this week and. how big of an impact will the results have on markets western mark joining us is richard jones. until monday, this will be the last time we bring up this chart. this is the spread as we laughingly called it over the last few months. macron that go through, let's look at the scenarios. what happens to it then? richard: i think we will see some tightening. that is one of the many possibilities i think is not extreme. that is to say if you get le pen , that is the nuclear option. that's the extreme sort of non-market friendly result in germanoney will go into bonds and the rest. richard: you'll post be gold during -- doing well. the usual havens. or you can have a very market friendly macron. i think we see a flight out of havens and a becomes the most market friendly of all the results. mark: sterling was the lightning rod, was

vonnie: live from new york, i am vonnie quinn. mark: this is bloomberg markets. time for the bloomberg business flash. a look at the biggest stories in the news now. twitter appears to be solving one of the biggest problems -- attracting new users. of company showed signs in the first quarter reporting monthly active users group 6% in the last year. revenue has not kept pace for the first time since going public -- lower quarterly revenues but still, stock is surging. price hikes, cost cuts and healthier snacks are helping pepsi co.. to chief executive is trying keep the customers who are turning away from soft drinks and junk food. the per capita of soda consumption has hit a 31 year low. first quarter profits of standard chartered rose the most executive ishief trying to simplify the lender -- it led to billions in write-downs. that is the latest bloomberg business flash. time for the bloomberg quick take or we provide context and background on issues of interest. when donald trump and are the white house as the 45th president of the united states, the leadersh

vonnie quinn. [captioning made possible by loomberg television] vonnie: we'll take you from new york to london in the next hour. plus covering stories out of syria, china, and bens knows air rest. here are the top stories from around bloomberg and around the world. the u.s. launches missile strikes against syria sending 59 tomahawk missiles toward a syrian air bass. we have the story covered from all angles from russian reaction and others. vonnie: the meeting with his chinese counterpart, is he pressing zi on critical issues such as trade? and south africa is hit with another credit downgrade. cuts the nation's debt to junk. will south africa get booted out of several major world bond quities? nejra: let's have a look where european equities are. part of the market trading right now. just under 30 minutes to the close. i wanted to start with your dollar one month volatility this is really capturing concerns around geopolitical risks. also of course we have been seeing this moving ahead of and off

live from bloomberg world headquarters in new york i am vonnie quinn. this is bloomberg markets. let's get a check on the markets. >> we are looking mostly unchanged here. a little bit of red on the screen. the nasdaq turning slightly higher here, putting this all into perspective. we are having the best weekly performance of the year. we put this small selloff into perspective. the to the small cap, russell 2000 down almost 1%. in a perfect world the small cap would do better. of a selloff a bit after the corporate tax plan was released earlier. perhaps some expectation in line with reality. let's see with what is behind some of the read on the screen. we are seeing energy and tech leading the way.

. ♪ vonnie: live from bloomberg world headquarters, i am vonnie quinn. mark: we are counting you down to the "european close." the french election is this weekend. joining usd trump -- here to pull everything out is neil jones. silly things to talk about. a simple thing right away, the pound-dollar with the 200 day moving average. had a guest earlier who said that in the near-term, it could be a game changer for the sterling at we have upside, don't we? neil: yes. we are in the midst of this right now. the three main factors that help contribute to take us through the average -- one is the trump stump. there is a long-dollar position. the second one is the short position moving away from the euro. -- theitical land political landscape now switches. that is the element ahead of us. that is the potential risk. and out of left field this week -- the snap election. nobody was expecting it. and the market is heavy short. mark: on our markets live function today, let's show our viewers. the technical analysis shows that the next move is equal to the width of t

. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. oil is spiking after "the wall street journal" reports that saudi arabia wants opec to suspend production cuts. the daybreak team talk with ed morse. tensions inim how syria are affecting the markets. >> there's actually as much bearish news in the move on syria as there is bullish moves. there's not much that can spill over into the oil arena. on the bearish side, given the parties involved, gives rise to thinking about whether the russian government and the saudi government will actually see i do i coming into the next chance to renew the oil price production cut coming next month. alix: it's really about saudi's and russia aligning and syria right in the middle. what is the probability that you put now on a deal being extended? "bloomberg markets." ed: we still have an 80% probability and we think the likelihood is great. the interesting key prices up this year is greater than whatever chess boards they are playing on. you have to remember that the price today is what the price was

. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. mark: i'm mark barton county you down to the european close, 14 minutes away from the end of the fred equity session. -- friday equity session. european leaders meet in brussels to finalize the negotiating guidelines with the u.k. joining us now to simon kennedy. -- is simon kennedy. is it true that they might be giving eu leaders cover by allowing talks to touch on trade before the two sides agree on a specific exit bill? if this is the case, this is a bit of a shift, isn't it? simon: not so much of a shift, but what they are talking about before the summit is that they will focus first on the methodology of finding that brexit bill number, which is obviously a point of difference between the eu side and the u.k. there will not actually be in announced number with a big fanfare. instead they will work out together the parameters in which that number will be created. the number might not actually be generated or known until right at the end of the brexit talks. doing that allow some h

live from bloomberg world headquarters in new york, i am vonnie quinn and this is bloomberg markets. liquefied natural gas is changing quickly thanks largely impart to new sources of u.s. shale supply. is demand expected to grow? looking at a boom bust cycle. alix steel at the energy summit at the university in new york. we are here at the center on a global energy policy in the hall. the pioneer of the energy, he terminal,, lng import in front and center. the company is now the first to export lng in the united states. now chairman, started the company about a year ago. a pleasure to talk to you. today.mbolic 318 for natural gas prices. where do we go in a few years? >> will be lower on average. in general, the produceof the u.s. to guest cheaply is pretty asnishing. alix: the lowest was 19, do we get there again? charif: probably. alix: why? not a lot of demand? charif: right now, the northeast is able to produce and move it. the emphasis is on moving it. but you could produce more out of the northeast. alix: sustain these lower prices and keep producing. when will the infrastructu

. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn and this is bloomberg markets. liquefied natural gas is changing quickly thanks largely impart to new sources of u.s. shale supply. is demand expected to grow? looking at a boom bust cycle. alix steel at the energy summit at the university in new york. we are here at the center on a global energy policy in the hall. the pioneer of the energy, he terminal,, lng import in front and center. the company is now the first to export lng in the united states. now chairman, started the company about a year ago. a pleasure to talk to you.

vonnie: i'm vonnie quinn. live from bloomberg headquarters in new york. u.s. and european stocks little changed, investors awaiting data including u.k. pmi come ecb minutes thursday, and friday, the u.s. jobs report for march. the stoxx 600 saw the biggest to client into it yesterday dragged lower by industry group. our next guest says european companies remain attractive. joining me now is the head of the sci managing group. i have to start on the president's comments, the ceo meeting happening today. the president clearly business friendly, we are seeing it in optimism levels for sme's, seeing it in the stock market even until now. does this continue, at some point do we need to see this put into practice? right, theyou are group will be in the pudding, the hard data. we have seen a lot of improvement on soft sentiment, consumer sentiment, these are at all-time highs. we will need to see that translate through. a lot of what was going on today, the last segment we talked about the border adjustment tax. the president not coming down on one side for or agains

vonnie: i am vonnie quinn in new york. julie: joining me from princeton to discuss which ones investors put the most money into his eric ball tennis. back at the first quarter, let's talk about some of the big .uperlatives about the quarter but the most flows? most goes to, vanguard value etf. is barelygue this smart beta. it gives you about 300 stocks on the value side. it has 98% correlation to the s&p. it is easy to understand, unlike a lot of smart data. you have a concept you can explain pretty easily, and it is very cheap, eight basis point. this thing took in $2.2 billion out of its $15 billion, and vanguard led as the issuer. lack rock was number two. the easy to understand products seem to take in the bulk of the money. the second one, does it also fall into that category? we are talking about the largest percent just -- that seems more specific. eric: this is exactly what i was talking about. it uses growth and values greens. .- value screens it went from $100 million to $1 billion in a couple of days but this is

abigail: that was dan fox with mark barton and vonnie quinn. michael: it is time now for the bloomberg business flash. a billionaire saying it is a surprise for the premature rejection of a proposal to overhaul the world's biggest miner. and once stake in bhp the company says been off -- s the company to spin off assets. proposalof the outweighs the benefits. butays that -- altice suddenly in recent years. bidsal attracting up to 15 , according to people familiar with the matter, saying that bidders will be shortlisted this week. l'oreal said last month that it was exploring all strategic options. azulrazilian airline phrase more than 9% after a trading debut today that had been delayed several times. it raised $520 million in the sale as confidence in brazil shortly right -- slowly rises. that is your business flash update. joe: coming up, what you need to know for tomorrow's trading day. this is numbered. -- bloomberg. >> and live a bit of a volatile session for stocks. this.miss chinese might inflation data out at 9:30 p.m. eastern. " coming