four hikes? j.p. morgan chase with a new address in the big apple, what the move means for employees in the tri-state area. we will dive into thing stocks through the eyes of the --fang stocks in the eyes -- vonnie: taylor riggs with us halfway into the trading day and what is happening with stocks? , alor: mostly green broad-based rally, returning to green after a losing day yesterday. nasdaq 100, large-cap tech stocks are outperforming and small caps outperforming. a broad-based rally. sector, we are charting the s&p tech relative to the utilities index, that is an white. -- in white. outperformed and relative to the blue come s&p 500 -- outperformed and relative to the blue, s&p 500. the general market, i am watching advanced auto parts, up 10%, even within conservative guidance from management with analysts optimistic, saying they should see sales growth in line with the industry and watch out for the margin expansion, one of the key analysts looking at that stock, up more than 11%. vonnie: thank you. shery: investors narrowing their focus for signs of policymakers what

coming to this event. give yourselves a round of applause. [applause] i am very grateful to have morgan jerkins and britt julious to discuss "this will be my undoing." before we begin i want to make a few announcements starting with some information about upcoming events here at women and children first. on february 26, we will have britney cooper in conversation with page may and monica to discuss the buck rage a black woman discovers her superpower created this will also be held at the swedish american acm ande amanda will take place from seven to 9 p.m.. tickets are available online through brown paper tickets. if you are interested in learning more about the events, please sign up for the e-mail list at a table around the corner and you can also check out the website and facebook page or follow us on twitter and insta graham. one final thing before we continue, the women's voices fund is a nonprofit store that covers the cost of having even as such as the one we are having tonight. please consider putting a dollar or a hundred in the cannon located in the back near the e-mail sign-u

, morgan stanley has downgraded it at the price target but they're still too high and morgan is cutting the price target from $ 10 to $11 but this is an $8.80 stock a 52 week low. warren buffet berkshire hathaway is jumping 4% sitting on i guess you could call a big fat pile of cash $116 billion and in its annual newsletter and news report buffet said he'd like to use some of that money to acquire more companies but he just doesn't find the ones that are competitive, have great management that wants to stay and is it a sensible purchase price? we know what might fit the bill at least mary ann says she knows , okay let's get your names >> okay, so three stocks general mills, grainger and the reason being if you think of warren buffet back in the gold rush days 150 years ago he'd be the guy at the side of the road selling you the flour, the grains, the shovels and jeans on your way out west and so i think that he knows that general mills has a superior offering in cereal and yogurt which is on the upswing and has better contributions to the operating line than his past investments in kraf

, met for morgan stanley, sayy, and i am pleased to we welcome from london, head of credit strategy at bloomberg asset-management. is the move starting to compete with capital elsewhere into credit and investment growth in high-yield. that is the big question we are debating as credit investors, we do think that yields will move higher than the fed and it is underpriced. , bute a big move of late we think ultimately we're going to get to 3.5 and above for the tenure and the fed is going to byanother four or five hikes the end of next year, and in the question becomes when you have at two or 2.5%, is 5.5 or 6% enough in u.s. high-yield credit? i think there is a danger that we see some are pricing of credit to clear for that. that makes it a little wary of u.s. high-yield and u.s. credit generally at this juncture. everybody talks about the yield curve as being a signal of recession but there is a behavioral impact when the fed to 2.543%, it up becomes appealing to move into the curve and move into cash, if you can buy a money market fund at three or 2.5% today, i think a lot of peop

powering the nasdaq higher, up more than 2%. nasdaq is up almost 7% since february 9th. >> morgan stanley, jpmorgan, blackrock issuing performance. >> just last couple of hours we saw the nasdaq be just about -- just flattish, now down half a percent. the overall nasdaq was up half a percent and now drifted lower. is that bull/bear debate in the full swing let's look at the calls. you mentioned a handful of the big names, blackrock come out saying basically fiscal stimulus is super charging profit growth expectations and the market isn't fully appreciating all of those growth aspects they're very bullish they upgraded u.s. stocks overall. goldman sachs, in their february note declines note most declines don't involve a bear market and recession usually occurs 6, 12 months from a pullback and to balance things out, have you what happens with morgan stanley. andrew sheets, head of cross-strategy assets, they look at didn't assets in a portfolio construction they say the recent pullback is the appetizer, not even the main course we could see more ahead. they say one if not several 10

aregulators >> as well as they should be thank you, julia boorsten. >>> time for a news update, morgan >> this is what's happening at this time. hundreds of students rally for gun control legislation outside the state capitol in tallahas e tallahassee, florida, demanding to be heard and demanding change >> you adults have failed us by not getting a safer place for children to go to school, so we, the next generation, will not fail our own kids. we'll make this happen >> and the "washington post" the parents of the first lady have become legal permanent rez r-- residents of the u.s they likely relied on a process that president trump called chain migration and proposed eliminating. crypto currency site sold three bitcoins because of a system glitch they agreed to nullify transactions and the company is negotiating with the last person one user said he was able to buy 20.4 trillion with a t worth of bitcoin for nothing during the period that's the cnbc news update at this time. back to you. >> morgan, thank you very much >>> investors ride out the latest up and down, dow up 54 now. there

as amazon, berkshire hathaway, and j.p. morgan join forces. first to our lead. we had earnings this week, and getting the attention was apple. i traveled to their new headquarters in california on thursday to sit down with tim cook it after earnings were released. >> it sounds solid to me. a device like this is incredibly sophisticated. it is at a higher price point. i think it is very -- it is a very strong number. while a high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. the hardware isn't the biggest chunk of the service. emily: we also talked about the performance of the iphone x in china. there has been concerned that the price was too high. i asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. -- every one is the iphone. not bad, he said, i feel great about that. what do you make of these numbers, given all of this fuss? >> i think the numbers show it was too expensive. there are different ways to look at this. apple made a lot of money selling an expensive phone. th

orders. still with me, jeff rothenberg from blackrock, kathleen, and nick from j.p. morgan. kathleen, i want to get your thoughts on credit. a lot of people look at the fund flows and money draining out over the last week or so. kathleen: we had some big headlines. jonathan: are you seeing some cracks in the fundamentals? never mind the flows. kathleen: what is interesting is that the fundamentals are solid, it is the technicals we have to be concerned about. the technicals drove us to the yields and the spreads we are seeing. so yes, you have seen some flows. i think you are seeing a big move of investors taking some duration off the table. i'm not sure that is the best idea at this moment. the front end of the curve looks like the more exciting place to keep an eye on. and that is not something we have done for 30 years or so. i think that is where all the action is taking place. jonathan: jeff rosenberg? jeffrey: so look we had a , wake-up call on volatility and liquidity. you first saw it hit the cdx market in the liquid parts, where i think they are liquid, and then it spread over

been dismissed in the last three years for sexual misconduct. and billy morgan's bronze in the snowboarding gives team gb their biggest—ever medal haul in a winter olympics. good evening. after days of deadlock, the un security council has unanimously voted for an immediate 30—day ceasefire across syria. it's hoped the truce will allow aid to reach areas including rebel—held eastern ghouta, where more than 500 civilians are said to have been killed in government air strikes in the past week. the vote had been delayed repeatedly to avoid drawing a veto from russia, an ally of the syrian government. western diplomats accused moscow of stalling for time. nick bryant reports. the people of eastern ghouta woke up this morning to continued aerial bombardment and the news from new york that the security council remained deadlocked. and still couldn't reach agreement on how to bring about even a temporary halt to the killing. delay in syria always brings more death. at least 120 children have been killed since sunday according to human rights activists. hospitals overwhelmed by t

the morgan stanley chief executive told our very own erik schatzker about his performance and the future of the investment bank. and we are going to find out what mario draghi is saying about europe's economy as he presents his annual report to the european part. have a look at what is happening to european equities. ofminutes away from the end the monday session and >> happening here is different than what is happening in the u.s. where indices are off their lowe's of the day. still a sea of red across the main boards led by greece. italy is down by 1.5%. portugal 1.9% lower. the stoxx 600 falling for the sixth day. it was down by 1.6% and the biggest drop since september 2016. the biggest today slump since july 2016. we had the biggest weekly slot since november 2016. the dollar is in the ascendance today with all these currencies trading lower. bond yields are declining so the haven that is bond yields, that trade is working in the bond markets favor across europe. commodities and cds is your final two columns. ryan air boosting its net income by 12% to 106 million in the fisca

that it is partnering with jp morgan chase and berkshire hathaway, three marquee brands, to offer health care to their employees, quote, free from profit-making incentives and constraints. that's 1.3 million people. >> that caused the health care market to cia rater. >> the details are skimpy. >> almost nonexistent. >> amazon has made a name using technology to disrupt supply chains with a simple click of the mouse. >> so the issue here is that, what happens if it succeeds, these are names good at being disruptive. it's 1.1 million employees between these three companies. but they don't have health care experience and expertise. what will they do if it works, will they give it away and say, we've broken the code, everybody use our system? will they sell it to others? will they use it to attract more employees? >> i don't know, but i ask you, what's the downside? if they want to spend the time and money and create this partnership, let them try the experiment. >> yes. >> this administration is supposed to be pro business, pro innovation. i was actually surprised that you didn't see

standing by. kate rogers looking at restaurants, and morgan brennan in the stratransimportanports. >> transportation services up 4% from a year earlier. according to the labor department, auto repairs rose, and auto insurance really spiked that's one reason stocks passed gains today, progressive has been pretty robust airline fares, however, those fell 5% from a year ago as more competition leads to a price war, but do not let that fool you. inflation is manifesting there as well. brent up 14% over the past year, fuel is becoming a bigger part of airline expenses, trumped only by labor costs according to the aita, and passenger airlines like american and continental, delta, that means more cost management if the market does not support higher fares. that said, different for didn denting. you can see from this chart, dnc solutions, it shows dramatic spike that we've seen in drive van spot rates record highs signals more demand than supply. they do not expect that dynamic to let up, especially because you're going to start to see the contract price move up to go with that spot marke

the worst amid reports that leader morgan tsvangirai is critically ill alas for correspondent what this means for the country's political future. chaos song wall street the dow jones industrial average takes its biggest nosedive since two thousand and eleven rattling investors across the globe while europe has remained calm the business world is looking nervously towards the new york stock exchange when it opens in just a few hours. and are we there yet talks drag on for a new german government germany's two biggest parties inch towards a coalition deal but they missed deadline after deadline as negotiators clash over key issues. i've seen you so much going to thank you for joining us we start in kenya with allegations of a conspiracy to kill in the slums of nairobi dead bodies of young poor men are turning up on the streets almost every day they're suspected of being criminals and are executed by the police without charges and without trial w. spoke to a whistleblower who revealed an underground war on crime that's believed to have claimed more than three thousand lives last year.

pull pledged panic. >>> sectors are feeling theof impact rising prays. morgan brennan has a look now at where inflation is hitting hardest. >> report: if you are wondering whether inflation is pick up look no further than recent enings. from construction equipment to foodto travel companies across industries are reporting higher costs both for materials and labor. tak whirlpool, which recently warned higher commodity costs to ke home afliances will shave hundreds of millions off profits thisyear. we are seeing inflation trend creeping in on many parts of the value chain. > reporter: caterpillar, ford, harley davidson and sherwin williams are a few of the manufacturers grappling with a tighter labor market. after years of concern that stagnant wages and cheap s commoditould trigger inflation the recent increases may welcome since som inflation is good thing. the risk is if it rises too ast. >> oks like it's accelerating. at the very least, aum those fee mem who talked and warned about the worries of deflation, all of those ideas about deflation in the middle of last year, forget about

morgan. the suspect in the valentine's day school massacre in florida 19-year-old nikolas cruz is being held without bail. he's charged with 17 counts of premeditated murder. police say cruz is the lone gunman who opened fire inside the marjory stoneman douglas high school wednesday, leaving the entire community shattered. investigators say cruz posted, quote, "very, very disturbing material on social media" and a white separatist leader says cruz trained with his group. manuel bojorquez begins our coverage. >> reporter: terrified students ran for their lives after witnessing classmates cut down by bullets. broward county sheriff scott israel. >> at 2:21 hours 33 seconds the suspect readied his rifle and began shooting into rooms. >> reporter: the sheriff said nikolas cruz began firing at four classrooms on the first floor. the suspected shooter then made his way to the second floor, shot one victim, then went to the third floor, where he dropped his rifle and backpack. >> the spouspect crossed fields and ran west along with others who were fleeing and tried to mix in with the gro

. morgan chase announced his plans to build a brand-new headquarters. >> j.p. morgan chase is getting a new address. bank isest u.s. consolidating its near city offices in 15,000 workers and into a new headquarters on park avenue. the announcement came this morning in a joint statement with jamie dimon and the mayor bill de blasio. >> there terry down their current headquarters which was built in the 50's and 60's and was meant for a much smaller staff. they will build that up and build a sleek new modern tower that is about twice the size. this will be about getting all of their people into one spot -- right now to have that building -- the old bear stearns buildings, this is going to be a major project that they're going to tear down the building starting next year and it is going to be five years of construction. so if you are for j.p. morgan you will be spread out into other offices for the next years but then you have a new tower to come back to. a some ways it is leaving present for his successor. it will be done by the time he is about to step down five years now. his commitmen

next year. >>> morgan hill police are trying to determine if there are more possible victims of a soccer koeccoach charged with sl harassment. gonzalez was charged of assaulting a minor he was coaching in san jose. officials don't believe this involves any students there. police arrested gonzalez at his home in morgan hill. he also worked for schools in gilroy and morgan hill. police say the alleged incident did not happen on school grounds. >>> the russia probe is reportedly now investigating one of president trump's closest aides, hope hicks. the focus, what she may have said about a trump tower meeting with russian officials. we break down the latest twist in the investigation. >> reporter: hope hicks played a key role along with president trump in drafting a statement for donald trump jr. about the nature of a meeting between him, jared kushner and a russian lawyer. in that statement to "the new york times," don junior said the trump tower meeting during the campaign was primarily about russian adoptions, but we later learned the meeting was set up in the hope that the trump c

. morgan stanley we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> all right, we got five minutes before we get started on this trading here on this hump day. lets do a "mad dash" here. fossil 44% of the shares of fossil is so short still one more horrendous figure because these are the guys that could shot shoot stable. i got news for you, they could shoot straight one word defines fossil and that word is wearables. that's what saved the company so immediately what do you do when you think of wearables >> apple get these numbers. people think wearables mean nothing for apples the stock is higher now. get this, they are talking about right now of a $17 billion business 2020, $32 billion. apple is the leader in wearables. >> that's what fossils say about the wearables. if you want to buy apple so badly right into the teeth of this bond sell off that will do with the inventories and higher medical expenses sorry, geico, rise in insurance for cars >> fossil did come in 2

lot about health care. heard about amazon jp morgan, berkshire i believe rite aid was thrown out, baby with the bath water type event auto. i bought some thisseck would i think it goes higher. >> guy adami. >> busy monday i'm looking forward to seeing you on monday sthi won't be here. >> what? smile he be gone for two weeks on vacation. >> oh, my god. >> what are we going to tell the audience. >> i'm telling you right now, too. >> chicago merck an tile, all-time high today. daily volumes up month over month. cme up on a bad tape that's a buy as well have a good time. >> we will see you back here monday at 5:00 don't move "options action" begins after thisre bak is helping build the new new york. once home to the world's image center, new york state is now a leader in optics, photonics and imaging. fueled by strong university partnerships, providing the world's best talent. and supported with workforce development to create even more opportunities. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your

the phone. j.p. morgan says demand has gone sour bmo is now talking about a lack of traction. analysts saying that noise levels right now are high even for an apple report. it's not all negative. an executive at apple supplier told reuters just this week that reports of production cuts are in fact overstated gene munster tells me he continues to think that the ten is going to make up about 25% of the total i-phone mix in 2018 even even if there is weakening of demand for that device, demand for the 8 and 8 plus do he could help pick up the slack bernstein says that the single key metric for investors, the march revenue guidance they're looking betwefor betwee2 and 64 number. >> josh, you know, i'm really curious about what average selling price and margins are going to do with a x in the mix. yes, there is all of this focus on raw numbers of units. but people forget the 8 and 8 plus are new too apple overall sells a good number of phones and the average selling price is in the upper 700s that, is pretty good. >> yeah, i think, jon, you know, that is certainly munster's point. that even

in hayward and san mateo. 48 in livermore. the same morgan hill and half moon bay checking in with a temperature of 50 degrees. here is the call from accuweather. the next 12 hours we have mainly clear skies any cloud cover we have is pushes to the south. temperaturewise it will be a chilly start for a lot of us. a lot of 30s and 20s in the north bay. like napa lake port yukia. upper 20s. 43 the low in san francisco. 38 in oakland. 41 in san jose. but the breezes is with us. it may feel cooler tomorrow morning. future tracker wind gets you into seven in the morning on thursday. especially through the delta you can see the winds gusting over 20-mile-per-hour at times. generally between 10 and 20 theest of the beau. and it stays breezy throughout the afternoon as welle 3:00 on thursday not as gusty through the delta winds out of the north at 10 to 15-mile-per-hour. it's for that fact it will be a breezy forecast. the 12-hour planner on thursday, a nice looking day. tons of sunshine. we have that breezy morning early owner temperatures mainly in the 30s for a lot of us. the breeze will

. morgan stanley says the real sell-off in stock is yet to come. >> welcome to bloomberg daybreak, i'm david westen here with alyx steele. it felt like it was a year, the long weekend. here's where we stack up and look to be pointed to a lower open in the u.s. s&p futures up by 18 points and off by triple digits. it's a broader, stronger garr dollar against currencies, 123 for the dollar and morgan stanley upgrading their forecast to 130 and a high target for morgan stanley. the bond sell-off continues, $258 billion of supply coming on this week and felt in the tenure 2.9% is how we trade in crude and up modestly. david? david: for now what's making headlines, we have kayley here with the first word. kayley: president trump has set aside long-standing differences with former republican presidential candidate mitch romney. the president endorsed his run for a u.s. senate seat in utah. romney has been critical of the president but lens are trying to hold on to their majority in the senate. meanwhile, president trump is open to tightening background checks for gun buyers. the white house

. we did cover it here at morgan brennan following the industry for us did some work on it, as well but we are coming back to and that's united technologies and a statement of greg hayes last week at a barclays conference that perhaps didn't get the attention it deserved. now, it's about the potential of breaking up united technologies and, again, to put it in context, mr. hayes did not say that that is what is going to happen. >> right. >> here's what he did say. a question we have to ask is utc a more valuable property together or three separate businesses aerospace, otis strong in terms of consistent at 12 to 13 and climate controls those are the three large businesses and he said the question for the board and continue to study. he went on to say there's dis-synergies and one-time costs and multiple expansion by several companies than versus conglomerate there's an activist in the stock. this is not unknown. well-known name. doesn't have a deep position but you know, what i hear is once this rockwell deal is completed, jim, this is a very serious consideration going on at utc what d

told you when we spoke, but...it bears repeating. i'm -- i... i'm so sorry... about morgan. thanks. yeah. i-i was heartbroken when -- when i heard. you know, i mean... no parent should have to bury a child. i...can't imagine. i... [ sighs ] i had a month of masses said for him. carly and i appreciated it. [ sighs ] ♪ i'm sorry i couldn't... have been there. i'm -- i'm just, you know -- i-i-i wish -- i wish i co-- had been the kind of father you could turn to for support. ♪ i'm -- i'm sorry, sonny, about all of it. ♪ mike, what -- what's this trouble you've gotten yourself into? ♪ just maybe... you never pushed andrew down the stairs. or if you did, it was an accident. like you keep repeating, you were just a small child. well, children are nothing if not impulsive. it wasn't an accident -- because you don't want it to be. i -- yeah, i don't know what that means. you're begging me to brand you as a lost cause. why would i want that? to protect yourself. the only person i'm trying to protect is elizabeth. elizabeth and her kids. have you ever, in all the time you've spent wit

volatility is what they have needed to be a better company than morgan stanley. >> i bought ember air. >> likes brazil. hates america. >> on the open i watt a semiconductor etf. >> chicago mercken to be when things trade, cme works >> we are not going anywhere we are on deck we are all over the after-hours action remember that, disney, gilead, snap up 20% right now. chipotle all reporting their earnings those conference calls underway. we will bring you the latest numbers and the latest comments on those stocks. >> it may be a ticking tom bo the man who has been warning us about it for months is here to explain what going on. >> bitcoin the crypto commodity crashing below $7,000 bk says there is one thing you need to know about the selloff, which may be close to being over he will explain a. lot more to do you are watching "fast money," stick warned around. unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a first-class transportation hub. all while growing urban areas into vibrant places to live and work. across ne

. morgan brennan is live at the kennedy space center in florida. hey, morgan. >> hey, that's right we're actually inside the launch pad right now. this is something that the space industry is waiting for for seven years. the launch of this rocket. and by the way, it's carrying some very unusual cargo. we're going to give you all the details when power lunch returns. its technology was engineered to see... (beeping) while its design was meant to be seen. experience the new 2018 lexus nx, and the nx hybrid. experience amazing, at your lexus dealer. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> spacex's elon musk calling it the most powerful rocket ever to be launched and there's a lot riding on it, literally. morgan brennan live at kennedy space center in florida. morgan >> hey, brian. that's right elon musk and his privately held spacex are hoping to once again make history this time with falcon heavy. if everything goes according to

release jailed opposition leaders. zimbabwe's main opposition leader morgan tsvangirai is reportedly critically ill in a south african hospital his supporters have been told to quote brace for the worst the sixty five year old disclosed two years ago that he had colon cancer. south african president jacob zuma has been forced to postpone his planned state of the nation address over concerns lawmakers could disrupt the speech well the move could herald a bid by members of his own party to remove him from office leaders of zuma as the ruling african national congress at the party's executive committee will hold a special meeting tomorrow to discuss his possible removal zuma has survived several attempts to oust him in the past but now faces a no confidence vote in the south african parlance parliament in just over two weeks. well with tensions are running high in south africa christine window is monitoring the situation for us hi christine there's a sense of deja vu here the a.n.c. basically pleading with this leader please step down yeah i mean zuma has survived a number of no motion

with ben mandel. he's global strategist at j.p. morgan and burns mckinney. and we have a lot of globality so we have a different environment. we are now investing in an environment where volatility is higher and inflation is a bit higher or the prospect of it what should i do how do i factor that into my portfolio management >> if you want into this risk thinking about portfolio, you are pretty positive on this end of the last two weeks. it is important to keep in mind that nothing over the last two weeks, the elevated volatility and signs of inflation, none of those represent threats to this economic expansion and to this bull market. what you have is a series of growing pains, growing pains from real interest rates coming off of a historical low, growing pains associated with inflation expectations reviving after a period of also very low levels let's not forget, we're sitting here six months ago wondering what is inflation doing on the low side and is inflation ever going to come back so we seem to have passed through concerns over low inflation. >> why is there a powell put?

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for the worst amid reports that leader morgan tsvangirai is critically ill we'll ask our correspondent what that means for the country's political future. chaos on world markets after the dow jones biggest nosedive since two thousand and eleven and there are fears of more selling when new york reopens in thirty minutes time we'll go live to wall street. plus we'll also be speaking to a u.n. a cyber safety expert with a question plaguing many parents how do we keep kids safe on social media that's on this safer internet. and inviting the balkans into the e.u. fold after years of neglect to be europe looks account of growing russian and chinese influence in the region. i'm sumi so misconduct good to have you with us we start out in kenya with allegations of conspiracy to kill in the slums of nairobi dead bodies of young poor men are turning up on the streets almost every day they're suspected of being criminals and are executed by the police without charges and without trial you spoke to a whistleblower who revealed an underground war on crime that's believed to have claime

morgan took a bronze medal to make this teamgb‘s best winter games, but a sixth medal was out of reach for the women's curlers as andy swiss reports. he needs to go absolutely stratospheric. he is a former acrobat with a dodgy knee, but billy morgan was about to leap into history. at 28, morgan is a snowboarding veteran. this is last jump snowboarding veteran. this is last jump as surely as last 0lympics, snowboarding veteran. this is last jump as surely as last olympics, and what a way to finish. that is absolutely huge. it propelled them into bronze medal position, and one by one his rivals' hopes came tumbling down. when the last one crashed, morgan, to his utter disbelief, had his medal. yes, it is pretty rad. if everybody landed their runsi pretty rad. if everybody landed their runs i wouldn't be in this position. it is a bit of luck, and it came down to me on the day, happy days. his joy was also teamgb's in record—breaking fifth medal of these games. the british team have had ups and downs here, but billy morgan has ensured they have hit their targets of making this thei

economics at morgan stanley. talk about this global recovery. up a charto bring showing we have seen a lot of movement coming through trading ports record highs, but also volatility rising in tandem. speaking are not broadly about markets, but as we see this coming through, is that going to drive more momentum into this? cycle, wes of growth think there will be big improvement going forward. what was happening is india had done the economics, but you had the monetization which was holding back domestic demand. now we are seeing an improvement in consumption and exports. for they are improving thee, that is when expectation on returns -- in the earlier segment, we were discounting. to some extent, this was part of the cycle that the government had to accept, but now we are at it ine where we expect the middle of this year. india, we are already seeing signs of that and as that improves, you will see a proactive growth cycle. >> how are policymakers going to get to this? i think the best way is to reduce or per taxes. that would change expectations for the corporate sector. earliere are deno

morgan should be closer to 125. i agree if you overlay corvo and sky works solutions it has to do with the internet of things, noncell phone and automotive which was quite strong, when you look at the component in auto, you have to think texas instruments and nxp. how great is nxp for qualcomm. yet they won't point blank say -- >> it's an interesting fascinating situation of course. something we've really never had anything quite like it with qualcomm's deal to acquire nxp still in doubt because as we pointed out it is a tender offer and tendered under dutch law to be able to close it and it's not going to be the 110 they originally agreed to we all know that. >> the day yesterday, some firms were saying it would be 110 and people were bailing. >> the firm was saying that. >> sanford bernstein put a strange note out that had people believe it would be prevailing at the shareholder vote on march 6th. >> it killed nxp. >> originally they said and this was controversial because burnstein had avago management suggesting that 24 of the 25 qualcomm investors are committed to voting in favor

price of healthcare and becoming more dominant, jp morgan feels that way. this is the principle expense. i think walgreens may not be as smart as they are in buying these. i think these companies are going to be squeezed by that venture. they are squeezed by others who have to compete. david, you are going up against bezos. i would say that it is a great time for ameri source bergen to sell if i were cardinal or ameri source bergen, i would sell if i saw that amazon gets traction they believe and i don't know and i am sure these companies would argue. take a copay amazon believes that copay is a huge win fall for these companies. amaz amazon believes that it can be wiped out. >> amazon attack margins in every single business. >> yes >> the journal reporting as wel this morning that it is turning their medical supply business to a major supply u.s. hospitals or pushing to do so >> that's another margin that's something that the market is digesting today there is a great deal of margin there and amazon is going to attack it and believes there is an opportunity to capitalize so sup

higher on news that bill ackman is building stake in the company. morgan is has the details of that >> reporter: that's right, wil technology shares are the top performer in the dow industrials today. scott walker broke the details of the story that said, the company is denying to comment, days after the ceo and chairman greg hayes is reviewing the portfolio to see if different businesses could be worth more broken up rather than kept together. he said that review would be down by the end of the year after united tech closes on the $30 billion acquisition of rockwell collins he said this last week, that aerospace business could generate $50 billion in sales at the climate controls business, could be worth up to $18 billion in sales, and otis elevator business could compromise up to $13 billion in sales talking about three segments that are really big businesses in their own right, so after a lot of speculation in wall street in recent months, united tech could be right for an activist investor campaign not surprising to hear bill has been amassing a stake. now, it's unclear whether

the media as a symbol to be so. jason morgan chase has announced that it will demolish its fifty seven storey headquarters on park avenue in new york city it's actually just a few blocks from here the bank will build a new seventy story world headquarters on the same site for its fifty thousand employees jamie diamond the bank's chairman and chief executive said in a statement quote we are recommitting ourselves to new york city while also ensuring that we operate in a highly efficient and world class environment for the twenty first century meanwhile barclays the british bank headquartered in cannery wharf in london is cutting back and streamlining operations after a two thousand and seventeen significant earnings lost just reported barclays lost two hundred sixty seven million dollars last year in part due to the us tax law hit the losses despite a two percent increase in deposit barclay has been shedding its interest in africa and has recently taken other streamlining efforts in internal restructuring efforts according to c.e.o. jeff staley who said in a statement two thousand

formerly employed by u.b.s. h.s.b.c. and deutsche bank as usual no j.p. morgan u.s. banks were touched would be perp walk and charged in an unprecedented cross agency crackdown fifteen the c.f. t. c. d.o.j. and f.b.i. seeking to punish spoofers of futures this was confirmed moments ago by a c f t c press release which announced criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes so daughter bank is to pay thirty million dollars u.b.s. the fifteen million dollars and h.s.b.c. spray one point five million dollars to settle these spoofing futures in the gold and silver markets all right well we were talking about this for ten years that these banks manipulate the price of gold and silver as a way to keep the dollar buoyant and keep the focus on the dollar and everyone argued that this was a not possible because for every bar there was a seller but in the world of naked futures and spoofing that's not true and now it's come out these banks are manipulating the gold price and it's still going on by the way i mean

chief zimbabwe's political opposition has lost a towering figure with the death of morgan china the founder of the movement for democratic change was being treated for colon cancer in neighboring south africa he was sixty five years old allies of israeli prime minister benjamin netanyahu have been offering their support after police recommended he be indicted on corruption charges that's now is accused of accepting nearly three hundred thousand dollars in gifts he denies the allegations and an explosion has killed four people at carnival celebrations in bolivia the bomb went off in the city of all rural the capital of president evo morales his home province those are the headlines on al-jazeera the stream is next to stay with us. facing realities growing up when did you realize that you were living in a special place a so-called secret city getting to the heart of the matter is activists to live in jail just because she expressed herself hear their story on and talk to al-jazeera at this time. ok and you had a very stylish stream today legal profession devoted a lot of media well to

on al-jazeera zimbabwean opposition leader morgan dies leaving behind a bitterly divided political movement he found it and will tell you why israel detained more than thirty palestinians in raids across the occupied west bank and east shows. how low we got a good mobile phone i weather across north america at the moment i was a cloud megan away from west to a step further routes of cloud remaining as we go on through day member only one of the weight was struggling to get celsius in dallas much warmer twenty three degrees and that was pushing up through d.c. twenty one so just fourteen celsius there for new york north of the border into kuwait back into ontario we have got some snow flurries some snow flurries to just around the mountain states around the northern plains and then just some wet weather into that southwestern corner south of the border into northern parts of mexico that cloud of rain that will make its way up towards the central plains as we go on through friday some other weather pushing over towards the northeast including new jersey new york maryland seeing some

the hour. it is dropping after morgan stanley predicted the price of lithium could plunge in the next couple of years. the analysts say supply will surge. >> when you talking about a , thatity like lithium will present issues for the company. both of them being downgraded and if you recall, i think we talked about s two m as a stock. oneame to a conclusion over of its minds with the chilean government. that is going to lead to a decline in price from a little over $14,000 a ton right now. morgan stanley says it will peak just above that and fall by 2021. >> it is basic economics that price goes up and supply rises. eventually, when the new mines flood the market. >> there's not as much lithium for -- as there is for oil, for example. -- itrelatively extreme is relatively strange. it is difficult to extract. a lot of the extraction is underground faulty lakes. and, there are not many companies that really dominate the industry. there's a chinese company that does this and has a joint venture as well and then there is a smc. that stock is also declining and count more than 80% of the wo

dollar debt still has plenty of buyers. still with me, matt hornbeck from morgan stanley. plus we can look them david riley had of credit strategy at blue they -- bluebay asset management, i want to come to you, that push higher we have seen in treasury yields. at what point does that move start to compete for capital elsewhere in high-yield? >> that is the big question. we do actually think the yields will move higher. we have seen a big move taking out some of our duration but we do think we'll be getting to or above the 10 year. we do think we'll be getting to -- then the question becomes when you have cash rates of two and 2.5%, it is 5.526% -- is that enough to be invested in high-yield credit? i think there is a danger that we see from the pricing of credit to clear for that. that does make us a little wary of u.s. high-yield and u.s. credit more generally at this juncture. mike everybody talks about the : flattening of the yield curve, there's been a singapore recession but there is actually a behavioral impact and that is what we're talking about, when the fed gets the fund ra

discounting it way too much >> let's jump over to morgan brennan with a news alert. >>> hey, scott fedex, a reuters report that fedex customer records were exposed by an unsecured server the big takeaway here, that according to this report in reuters, that there was data, about 119,000 scanned documents from u.s. and international citizens, passports, drivers licenses, et cetera that were sitting on an unsecured amazon s3 storage server but that fedex has now taken steps to secure that so no hack here. simply a matter of data that had been unsecured and is now being secured. according to this report, fedex saying there is no indication that any information has been misappropriated and will continue its investigation but of course it comes on the heels of hack attacks on fedex last year including that big attack during the summer that did have a material impact on earnings last year back over to you >> morgan, thank you so much, morgan brennan with the latest on fedex >>> a lot more ahead on "is the halftime report" today >> next up, a top analyst on under armour says beware of the stock's 3