julie: i am julie hyman. our stock of the hour is an american icon, ford motors. double upgrades to the shares all the way from underweight to overweight. we are joined by abigail doolittle. this has been traumatic on the part of morgan stanley. what is behind this call? abigail: you are right about that, they posture change. really reflecting the fact that investors are taking this seriously. ,dam jonas and morgan stanley the biggest piece was valuation. if we look at the graphic dashboard, a good terminal to look at for this. we see the stock in a nice way. off the highs but still above average value. when i want to point to is the evaluation. 75% discount -- that is impressive. plus, adam jonas is saying that the f1 59 to be with 150% of the enterprise value. relative to conciseness -- consensus estimates, he says they appeared to be bottoming, and for 2018 we're looking at $1.75. a dollar $.21., that's $1.21. i could support stocks higher in the future. shery: this is an industry-related call? abigail: th

. >> julie: i'm julie banderas, a lot going on. a utah u.s. attorney, john huber will be spearheading a broad review. he will be looking at possible fbi surveillance abuses as well as the clinton foundation and the obama era uranium one deal. some republicans say anything short of a special counsel is insufficient, claiming the justice department cannot investigate its own people. >> i think it's unfair and inappropriate for the attorney general and rod rosenstein to ask him and put them in a position where he essentially has to investigate his boss. what other situation would you ever do that? that is terribly unfair. >> jon: peter doocy joins us from west palm beach as the president spends a holiday at his florida retreat. >> the attorney general is keeping this new probe in-house but the work is going to be done outside of washington, d.c. the u.s. attorney for utah is now in charge of following up on claims made by republican lawmakers who have been doing their own detective work on capitol hill. among them, that the fbi should have but di

julie? julie: will carr, thank you. we will continue to watch this story. >>> the department of defense now identifying the seven airmen who died thursday in a military helicopter crash in western iraq. you can see their names up on your screen. investigators say their chopper went down shortly after taking off near a base near the u.s. military that they use as a logistics center and resupply hub. it's not believed to be the result of enemy action. the cause is still under investigation. the incident marks the secondary craft crash for the -- second aircraft crash for the military in as many days. >>> the north korean and swedish foreign ministers today finishing up three days of talks, possibly, just possibly paving the way for a u.s. north korea summit in the scandinavian country. but america's top military officer in asia says not so fast. >> north korea remains our most urgent security threat in the region. >> we have to be ready to do the whole thing, and we're ready to do the whole thing if ordered by the preside

maybe that's what happened to julie? >> they'd come in and they startled cleo. >> reporter: dog started to bark and go for them? >> uh-huh. it caused julie to wake up and they got scared. and they shot her. >> it made perfect sense. >> reporter: but for detective carter, the burglary theory of the crime wasn't panning out. even as they sorted through the rubble, detectives at the scene found untouched valuables. two safes, a cache of guns and julie's purse sitting in plain sight. >> reporter: you think an intruder would have grabbed it? >> you would think so. >> reporter: so carter set out to follow the most promising lead he had. who was this woman deanna? the text messager who wondered if keith made it home ok. he had described her as a "guy-friend." >> there was just somethin' about that text message that seemed to stick out. and it -- and it seemed to create that question of, you know, what's missing here? >> reporter: carter had called ahead to the authorities in the indiana town where deanna lived. they'd arranged

. >> julie: i'm julie banderas. victory for moon who has pushed for normalized relations with kim jong un and peace on the korean peninsula. how is the white house reacting to this historic break through? >> jon: kevin corke joins us live. >> you could call it a case of optimism, a bit of realism and healthy skepticism. as you point out, it is still historic nonetheless. just the third meaning the two two koreans. the last happening back in 2007. the third since the end of the korean war. here is what we do know, the date has been set april 27th april 27th. what we don't know is whether conversations like this will have any real lasting impact especially as the trump administration views. this they want to know will there be some sort of a break through as the north and the south do meet. but we do know this, either way, pressure will continue. let me take to you twitter. heather nauert from over at the state department saying this. the maximum measure campaign has forced kim jong un out of isolation. we are closely

one or the two. >> julie: take it off line until you can figure it out. >> totally. >> julie: all right. i want to talk to you about a change of topic here, a bill that is very near and dear to your heart. the taylor force act named, of course, after taylor force, an american hero who was brutally murdered during a visit to israel at the hands of terrorists. now, if this legislation is passed, it would push back against the palestinian authority which actually pays monetary rewards to martyrs and their families for committing heinous murders. i can't understand why democrats are slowing a bill down that would actually end american taxpayer dollars going to the palestinian authority if they don't stop rewarding terrorists. >> well, we finally got into the bill. i want to thank senator schumer for getting it in the bill. but they wanted to make changes our democratic friends to basically take the teeth out of it and we resisted most of those changes. taylor force served a tour of duty in iraq and afghanistan. he graduated from west point. he was going to israel on a -- in a graduate progr

julie: i'm julie hyman in for scarlet fu. welcome to bloomberg markets. we are alive in new york over the next hour. here of the top stories we are covering. stocks pop after the february jobs surprise. tariffs, wilbur ross will join us. that live interview in just a few moments. ceothe goldman sachs planning his exit at the end of this year. pop in stocks on the back of the jobs report. take a look at the rally we have. than one and a half percent. march, the jobs added, more000 jobs than the survey. the fact we have stocks rallying suggests good news again. perhaps there is the idea this is not going to give the fed the green light. we have a rally here for stocks. 6805.s the tv what stands out, gains for the major averages that led to the overall gain especially for 19% into 2018. february the big selloff. frank capillary says when we see big weekly moves it suggests more volatility is likely to the upside or downside. stocks have been reacting to headlines more so than cross asset class that has moved up in yield. that would be more dangerous. will be

julie: and i am julie hyman live from new york. we have reports that larry cargill low is going to be the next chairman of the white house economic council, this come from multiple sources. this is confirmed earlier reports if it does happen and the president comments himself kudlow was the front runner for the position. as well as former president of the company -- authorities are accusing her of racing or than $700 million from investors an elaborate fraud. she agreed to pay $500,000 fine drew on strong covers theranos and joins us now. this story is such an epic story, from this being a hot company to an explosion. >> if you read the complaint what you see is essentially a company that make big promises and try to fake it before they made it. while that might work in some places in the startup world, it doesn't in an industry you are related by the federal government. the claims they made began to unravel. they were still raising hundreds of millions of dollars from investors after they had gone out and said we can test offer a

julie. julie: ellison, there were also rumors and i want to use the word lightly and i hate rumors, rumors that more positions in the president's administration could be in the chopping block, any indications of more changes on the way? >> nothing concrete at this point. there's a lot of speculation among white house ranking file but press secretary huckabee sanders said at press sanders towards the end of the week that there were no upcoming personnel changes. >> i have just spoke to a number of staff this morning reassuring them that there were personnel changes, no immediate personnel changes at this time and that people shouldn't be concerned. >> fired secretary of state rex tillerson is set to stay in position until the end of the month and then president trump plans to replace him with current cia director mike pompeo, julie, there are some even on the right like senator rand paul who are saying that they're not thrilled with that nomination, rand paul says he plans to do essentially w

julie. julie: ryan, thank you very much. connell: that does it for us until this hour. don't worry. julie: don't get too comfortable in the back room. connell: exactly, at 4:00 p.m. time. julie: journal editorial report is right now. ♪ hey, sir lose-a-lot! thou hast the patchy beard of a pre-pubescent squire! thy armor was forged by a feeble-fingered peasant woman... your mom! as long as hecklers love to heckle, you can count on geico saving folks money. boring! fifteen minutes could save you fifteen percent or more on car insurance. that goes beyond assuming beingredients are safe...ood to knowing they are. going beyond expectations... because our pets deserve it. beyond. natural pet food. >>> we have to act. we can't wait and play games and nothing gets done. what surprises me more than anything else is that nothing's been done for all these years because i really see a lot of common ground whether it's democrat, republican, i don't understand why this hasn't happened for the last 20 years. nothing's happened. we're going to get it done. >> welcome to the journal editorial repor

julie: we know why now? there has been calls of sectioning these individuals and entities for quite a while now. as you say the timing is coincident with british sanctions and the explosion of russian individuals from the u.k., but they have anything to do with each other? alex: we don't have any reporting suggesting a link between what happened in the u.k. and the sanctions. would not be surprised and i am speculating -- i would not be surprised if they moved this up or arranged the timing of this announcement because of the attack in the u.k. to show more solidarity with our ally. scarlet: in addition we learned the fbi and department of homeland security and the get it that the russian meddling was part of a bigger campaign to target our energy network and other infrastructure. what has the response been like from the government in conducting these targets better? don't know much about these allegations beyond what the treasury department said in a statement today that russian hackers essentially have bee

julie? julie: thank. connell: the white house appears to be walking back some of the president's calls for stricter gun control and as the parkland shooting continues to spark a heated nationwide debate, we will talk more about how democrats plan to move forward from here as republicans call for bipartisan support on a more limited proposal. >> i just urge the senate and the house, all of my colleagues here, do not hold hostage a piece of legislation that would work and that we all support because it doesn't have everything you want. onia that can take you out of the game for weeks, even if you're healthy. pneumococcal pneumonia is a potentially serious bacterial lung disease that in severe cases can lead to hospitalization. it may hit quickly, without warning, causing you to miss out on the things you enjoy most. prevnar 13® is not a treatment for pneumococcal pneumonia... it's a vaccine you can get to help protect against it. prevnar 13® is approved for adults to help prevent infections from 13 strain

thanks. >> julie: fox news alert. take you to capitol hill where these students joined 3000 protest nationwide. protesting gun violence. a group encouraging student all over the country from washington d.c. to hawaii to leave class 10:00 a.m. local time for 17 minutes. one minute for each victim in the florida shooting. great britain taking tough measures to retaliate against russia. the crome -- kremlin pushing back. ♪ when heartburn hits fight back fast with tums chewy bites. fast relief in every bite. crunchy outside. chewy inside. tum tum tum tum tums chewy bites. un-stop right there! i'm about to pop a cap of "mmm fresh" in that washer. with unstopables in-wash scent boosters by downy. ah, it's so fresh. and it's going to last from wash to... ...wear for up to 12 weeks. unstopables by downy. >> jon: great britain is now retailuating against russia for the poisoning of former russian spy and his daughter. prime minster theresa may causing russia in the attack. may order 23 russian dilemma mats out of the u.k. ru

julie: kelly. kelly: travel warning in effect for a popular resort south of the border, details on that next. plus president trump getting mixed reviews on new tariffs on aluminum and steel import but what would be the impact on u.s. jobs? >> what we want to do is work with the administration to make this as surgical and targeted and we want to limit as much unintended consequences and collateral damage as possible and we want to work with the administration to do that u. eliquis also had significantly less major bleeding than the standard treatment. eliquis had both... ...and that turned around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily... and it may take longer than

julie? >> russia threatens to retaliate after president trump joins more than 20 countries in kicking out russian diplomats against the poisoning of a spy and his daughter in great britain. >> as president trump likes to say, he doesn't like to telegraph his punches. we think the retaliation that would come from russia would be inapt. this starts from russian action. >> joining me now, tom rogan for the washington examiner. thanks for coming on today. you know, this reaction being the largest expulsion in history is a long time coming. british authorities say that more than 130 people in salisbury could have been exposed to this nerve agent. this is a biological attack. should it not have been seen as an act of terror? >> i think it was a state-sponsored act of terror. clearly the russians wanted to send a message and this is the british intelligence conclusion that they didn't want to assassinate sergei and his daughter. they wanted to show that they didn't care about those that harbor russ

julie: listen up, nascar fans. richard petty is auctioning off memorabilia from his years on the track. his career spans 60 years. he says he has way too much stuff and his north carolina museum is already full. is dong charger. his daytona 500 trophy, and his trophy for winning the southern 500 in 1967. the auction takes place this may in las vegas. you have got time to save up before then. that's it for "the fox report." with the the fox."watters worldt now. jesse: welcome to "watters world," i'm jesse watters. the dumbest thing said in 2017. once in a while i'll say something really stupid. it happens once effort couple years and people pile on. but what is fair is fair. so if you say something dumb we'll call you out. here is mad maxine waters at the california democratic convention. >> i don't care what the republicans say, i say impeach 45! impeach 45! impeach

julie: please. sanjiv: i always believe that , but theship is great real objective should be shelter as opposed to homeownership. there are those who a 30 year mortgage is probably not the right thing. but everybody is entitled to shelter. the moment we start pushing the boundaries of homeownership beyond 64%, 65%, start taking it you deal with's, the fringe in terms of the credit margins. that is when it becomes tricky. joe: after the financial crisis, there were a lot of pundits and people who said on this point that homeownership, the american dream, that was old. it never made any sense. the next generation is not going to be into homeownership. was that an overreaction to a was ultimately a deep cyclical thing, which is that a lot of people got burned? or do you see a secular shift in ,ow people think about housing such that the great financial crisis does represent the trend break about how people think about it? sanjiv: actually, i think the answer is in two parts. in the short-term, yes, thi

julie? >> julie: coming up on outnumbered, did the mayor of oakland break federal laws, any of them, when she warned her constituents about ice raids on twitter. the doj now looking into whether it was obstruction of justice. today, the new new york is sparking innovation. you see it in the southern tier with companies that are developing powerful batteries that make everything from cell phones to rail cars more efficient. which helps improve every aspect of advanced rail technology. all with support from a highly-educated workforce and vocational job training. 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. >> jon: thank you for joining us on this thursday. >> julie: and outnumbered starts right now. >> harris: some changes coming to the white house. hope hicks announcing she will be leaving her post as white house communications director in a number of weeks. the move costing president trump one of his longest servi

julie? >> julie: so, kevin, switching topics now to the white house interpretation of kim jong un's visit to beijing. this is the first time we have actually heard on behalf of kim jong un china saying not only the meeting went well but that the consideration is there that kim jong un might actually meet with president trump. >> yeah, very interesting indeed. keep in mind this whole meeting was sort of cloaked in secrecy. i think the white house is looking at this a couple of ways. on the otheon the one hand ther. kim jong un is noted for the bait and switch. saying one thing and doing something else behind the back. this is still extraordinary nonels. i think on the other hand, julie the white house is hopeful, expressing optimism this will create an environment where we might see historic break through. let me take to you twitter. the president talking about this today. no real surprise, he has been commenting about this idea that maybe sooner than later he would have an opportunity to mee

julie: good morning. >> so much going on. julie: i know. back.s are >> people really care about their paychecks. we love these superlatives. $184,000, not chump change. the chart really that show that they have been fairly consistent, but the last time we saw this was 2006. that makes people happy in the sense that those were really good years, but then you think about what happened in 2007, 2008, 2009, and you worry about where we are in the cycle. employee.t is per if you take a look at the total pot, i'm not sure if it is as large as it was before. >> $34.4 billion. david: that is not that bad. >> the comptroller pointed out that it will be interesting to see how the money shifts around a 2018 with the return in volatility. david: some of those banking chiefs may need that money. executives tot chip in so they feel some of the pain. >> he is on his way out. he said he is going to retire. this is the sort of thing you say at the end of the art ten -- end of your tenure. it is something that has been talked about for a while. i don't think

julie: i am julie hyman. a government shutdown is the densely back on the agenda for washington is potentially back on the agenda for washington. president trump is threatening to veto the spending bill passed by congress this morning. by the latest, we are joined toulouse on a written about from the white house. all of his spokesmen have emphasized over the last 24 hours that he would sign the bill. this is an unpredictable president and we have seen that members of his and administration and cabinet have talked publicly about policy, and then the president some sort inof terms of making a public sin and that is in opposition to what members of the administration have said. members on capitol hill are taking this very seriously. they are trying to figure out whether they need some short-term measure to keep the government-funded for a few days as they try to come to an agreement. numbers of the white house are trying to figure out whether the president is serious about me telling this bill from which they sa

julie? julie: thank you, mark. it is the ten-year anniversary of jpmorgan's acquisition of bear stearns, taking on the bank's banks business -- business ended up being a boon for jpmorgan, with a strong fixed income trading unit. the takeover was covered by bloomberg decade ago. scarlet and i were both on the day, reminiscing about it earlier today when jpmorgan ended up with bear stearns for two dollars, famously, after intense meetings over the weekend. before we get into the jpmorgan of now, if you can reminisce with us for a second longer. coveringat it was like what was going on that day? >> that was a crazy weekend. all of the weeks and months leading up to that were pretty crazy. i remember being on the phone with jimmy kaine, the ceo of bear stearns for more than a decade before he left the helm towards the end. he was chairman, but not ceo. piecesere so many little moving all the time. i would call him at night at his house, and we would talk and he would tell me some things and i would have to write a sto

julie: in new york, i'm julie hyman in for vonnie quinn. this is the european close on "bloomberg markets." mark: top stories we are covering from the bloomberg and around the world. stocks lower in europe and the u.s. as investors react to a series of geopolitical risks from the looming trade war to a potential u.s. government shutdown. drew houston from as dropbox begins trading on the nasdaq, debuting 38% of public ipo price. and you can prime minister theresa may scores diplomatic -- u.k. prime minister theresa may scores diplomatic victory in brussels as more countries consider ousting russia's diplomats over the allegations in us by poisoning case. europe

they were passed on to julie. >> and why julie? >> she took care of my grandparents when they got elderly. when my grandparents moved into assisted living, julie was the one that took 'em. >> and because john and lisa take care of aunt julie in her dotage, she leaves them this strange inheritance. what was your reaction as you opened those first boxes? >> it was mind-blowing, really exciting. >> there's china, tiffany silverware, coins, stamps, antique books, clothing, toys, and jewelry. and how many items are we talking about? >> thousands. >> so after tossing aunt julie's actual junk, including decades of old newspapers and mail, they reach out to richard oliver, a family friend and local auctioneer. >> we knew there was enough value to get historians and people like richard involved. i mean, my brother and i couldn't have settled this estate by ourselves. >> indeed, richard will need an entire team to go through all those boxes and catalog everything. >> i said, "listen. john, you pay the expenses. i'll keep the buyer's premium.

julie: i'm julie hyman. commodity markets are closing right now, and in bps energy outlook, they expect oil demand to peak in the next two decades. alix steel sat down with chief economist, spencer dale, and asked about the future of strong oil demand. spencer: i think we see oil demand growing strongly this year. significantly stronger than the average growth rate over the last 10 years, which is a one million barrel a day number. that has helped for two reason s. one, prices remain low, and the economy is growing at a solid rate. longer-term?out we hear a lot about oil demand with the rise of electric vehicles. how do you see that playing out? spencer: oil demand will keep on growing for a period of time. that depends on a lot of factors. at some point, oil demand will stop growing. i think the discussion of peak oil seems to be misplaced, because it says one-time -- once oil has peaked, that is it. but do not think peaked, think plateaued. even in a scenario consistent with achieving paris climate goals,

julie just talking about it with her legal panel. the bomber seems t be getting more random and sending these packages farther afield, perhaps to take the heat off of him or her paid >> it's interesting to note interestingly enough a month the local officials and law enforcement still are unabl. hundred% guarantee that these are leaked even though all of them were destined to explode in austin. it is when in san antonio but was shipped from austin to austin and his fedex facility. so far, no suspects, no motive, no answer quite frankly. >> friends of mine who know something about these kinds of people suggest that the bonds are built well in advance because you can't slap together it in general. somebody has a storehouse of these things sitting around somewhere. let's hope the feds can get to them. >> and the person is in for a very long time in prison, possibly the death penalty if convicted in texas. thanks for joining us. >> "outnumbered" starts right now. >> sandra: fox news alert on a growing concern about a serial bomber in tex

julie: listen up, nascar fans. richard petty is auctioning off memorabilia from his years on the track. his career spans 60 years. he says he has way too much stuff and his north carolina museum is already full. is dong charger. his daytona 500 trophy, and his trophy for winning the southern 500 in 1967. the auction takes place this may in las vegas. you have got time to save up before then. that's it for "the fox report." that's it for "the fox report." >>> president trump arriving back in washington after an overnight fund-raising stop in florida >>> searching republicans have asked the ag this week to appoint a separate special counsel to investigate the fbi open the department of justice. congressman lee diseldman is leading the charge. >> you can't expect the doj and the fbi to investigate themselves. >>> concerns other a potential trade war after the president announced steep new tariffs. the president has tweeted the united states has an $800 billion a year trade deficit because f our quote, stupid trade pol

>> julie, they are not. that's largely because you have to have a motive to classify something as domestic terrorism under the law. however, there are plenty of people in this neighborhood and those in the community that we've talked to since we've been on the ground here the last week that certainly think otherwise. they say the actions of the guy that lived right here had a city on edge and afraid for weeks. he was a terrorist. federal agents have concluded their investigation at 23-year-old mark conditt's house where police say they found a cache of bomb-making materials and computer hard drives all now evidence. before mark conditt blew himself up this week as swat approached his vehicle, his bomb spree killed two people and seriously hurt four. 17-year-old draylin mason was an accomplished musician, about to head off to college. described as a person that radiated positivity. the teen was killed after opening one of conditt's package bombs left on his front door step. >> it would be something that they

julie: i'm julie hyman. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. on twitter, we want to welcome you. scarlet: we begin with our market minutes, closing mixed on the day, the s&p and nasdaq are lower. and the dow moving higher by 115 points, a lot of economic data. nothing that really told a new story though. joe: it is interesting. i like the empire and philadelphia fed and numbers, but not what you would would expect. scarlet: below average before the fed a meeting next week where jay powell will make his debut in front of the new, in front of the world really. he explains the policy going forward. julie: even though the decline in the s&p 500 is a small, it is the fourth straight and it is the longest losing streak so far in 2018. so it is because we have had choppiness in the market that we have not seen that consecutive with declines. scarlet: in terms of equities, what specific stocks are you looking at? julie: walmart: because on the day there was not much change, we had the headlines coming out this afternoon that sense of the stock lower en

. >> i think it's fair to say that our aunt julie was a hoarder. and when she died in 2009, she left us a mountain of stuff to sort through. >> oh, what a great house! >> thank you! welcome to kennebunkport! i got a story... >> john and his sister lisa belong to a new england family whose history goes back to mayflower days but whose legacy had been largely forgotten. in 2005, that reclusive aunt i mentioned, julie green, is diagnosed with cancer, and john moves her from the boston area into a condo up here in maine, where the siblings can help care for her. it's a big job to be a caregiver. >> i never thought of it that way. she had nobody else. >> what was she like? >> she was single and independent. >> never married? >> no. >> no children? >> she did not want children. >> nor does aunt julie want anyone to get rid of all her stuff.

julie: fast food slow down. as mcdonald's integrates more technology workers are walking out the door. your big mac is going to take longer, potentially. drive times have slowed by 30 seconds as turnover rises to 150%. more, leslieth patent. at talk about the changes mcdonald's causing this. what are some of those? >> the initiative, the experience of the future, some of the things causing the slow down are the mobile app, the kiosks, and new sandwiches with complicated bills, new sauces. that sort of thing. it is happening at the same time and it is tough for some to keep up. scarlet: they said they are not being paid more and being fortified with more workers as well. this comes as you have a tight labor market as well. how easy or hard is it for mcdonald's to find replacement workers? >> the ball is in the court of the workers right now. only tough for them to not find new workers but to keep them because if something goes wrong or there is something they don't like, they are just going to go someplace else.

julie: i am julie hyman. scarlet: i am scarlet fu. joe: i am joe weisenthal. if you are tuning in live on twitter, welcome to our closing bell coverage every weekday from 4:00 to 5:00 eastern. scarlet: u.s. stocks open higher, and quickly lost ground, closing just off their worst levels of the session, the nasdaq off 1%, just over 1%, first decline in eight days. the s&p and dow falling a second straight day. joe: the nasdaq had been outperforming for several days, and today underperforming, so kind of a mirror image. scarlet: we saw volume pick up today as well, as we saw the selling pressure. volume on the nasdaq, 22% above the 20 day average. let's take a look at some of the individual stocks on the move. we got that news late monday that president trump was blocking broadcom, based in singapore, from acquiring qualcomm, so it looks like that deal is a no go. qualcomm down 5%. general electric, which has been down quite a bit this year thus far, down once more today after j.p. morgan says things there are worse than you think, that earnings guidance is not

that brings us to july 1. that brings us to july 1. what is going on on july 1? well, the confederates are north of gettysburg. in the process of concentrating, we would prefer them to concentrate around cash town. this diagram is not a diagram of a historical actuality. it is for the confederates. it is not for the union army. this was meade's plan. this was the pipe creek plan he intended tentatively to use. to the south and southeast were baltimore and washington, which were the two main points that meade, commanding the army of the potomac was supposed to cover, and probably not long after midnight on july 1, the wee hours of july 1, he and his staff come up with this plan to organize the army around pipe creek and await attack from lee. that is the tentative plan when hancock rides up to tiny town with his corps, about 12 miles south of gettysburg and meets meade in the late morning. meade tells them about the pipe creek plan. they discuss various matters and adjourn. i believe at the time they did , know the first corps had been engaged in some way outside

this is bloomberg. ♪ julie: live from new york, i'm julie hyman. mark: live from london, i am mark barton, county down to the close in roughly 40 minutes time. julie: dropbox in the u.s. has debuted in that stock started trading much higher, 45% higher on the nasdaq today. alex barinka spoke to drew houston about how the company is going to grow the paying subscriber base. the product we make is good as it can possibly be, so give them a good reason to buy dropbox. we look at that 11 million subscriber number and by any standard that the large number. at the same time, their hundreds of millions of people using dropbox and we're solving the universal need. we certainly see a lot of opportunity. we are not going to run out of people who need dropbox anytime soon. happy with that paying percentage? mr. houston: i was want to keep growing. we have 500 million registered users and there are one million office workers in the world. we are focused on how we reach more customers, how we make dropbox more useful, but it starts with building a great product

julie: and as for the u.s. dollar and in reaction to that lowerl we saw it a late and going the same direction as rates with the currency as we see this perception that there at least wasn't a confirmation by jay powell and the other fed members that we would see four rate increases this year. some interesting action in the canadian and mexican currencies because we had some indication that the u.s., canada, and mexico is making headway on method and key auto rules. imported in the u.s. and how much of that has to be produced in the u.s. the parties indicate there is wiggle room at negotiating room so we saw the dollar falling versus both the loonie and the peso. the nafta talks are quite important, and then talks out of peru. there is important news that the president of the country resigning in the face of a forthcoming impeachment vote. that news confirmed in the last 20 minutes or so. we see that is the proving currency-- peruvian creating instability, which is positive for the currency. joe: and a look at

julie: mark: we will see -- julie: we will see if this materializes. we continue to talk about what is going on with china. u.s.-china trade tensions heat up. they ahn spoke with ambassador to china. >> we don't want to have a trade war with anyone. we are still trying to avoid one. we have to fight back. now bywe're joined michael mckee, bloomberg's and policy correspondent. the already got some announcement -- we already got the announcement of policy tariffs, but it seems like this is the first step. these terrorist china toimposing or a retaliation the $50 billion of tariffs yesterday, not the steel into aluminum tariffs. -- steel and aluminum tariffs. you can imagine what the .omments are going to be they will then make a final selection of what will be subject to tariffs and 20 tariffs will be. at that point, the for china to retaliate. that is a ways off down the road. saying, they are not going to let you build over, but we will keep a portion within wto rules, so we can take the high road, meaning political pain for some people, especially in

this is not reasonable. >> julie: joining me now chairman of go pack. don callaway former democratic missouri state representative. thank you very much for talking to us. don, i will start with you first, you say that republicans have been wildly hypocritical when it comes to determining when federal policy should trump state decision-making. is this a perfect example of that? >> if you remember couple of years ago when cliven bundy and his gang, literally held weapons in the faces of federal agents who told them they were unduly using federal land. if you're jeff sessions and you see the world the -- hes with hee right. the problem with that is two fold. you have to afford due process to everyone within our borders regardless of immigration status. if you're a democrat like myself, you have no faith in the trump administration or the jeff sessions d.o.j. that they're willing or incline to provide due process to people. second of all, if you're the state of california be it governor jerry brown, you have absolutely no responsibility to facilitate or sup

julie: that's crazy. rob: 11 minutes after the hour president trump to unveil plan to stop the opioid crisis and could be death penalty for dealers. she joins us live with what she wants to hear from the president today. julie: caught off guard, new praise from south korea. >> ongoing pressure to vote the way that your husband, your boss, your son, whoever believes you should. rob: well, answering those she offended, hillary clinton's new apology as she tries to explain those controversial comments. the morning walk was so peaceful. until... it... wasn't. don't let type 2 diabetes get between you and your heart. even if you reach your a1c goal you are still at risk for heart attack or stroke. talk to your health care provider today about diabetic heart disease. and find out more at heartoftype2.com. your heart and type 2 diabetes. make the connection. packing to the last minute. guys, i have a couple of things to wash we got this. even on quick cycle, tide pods cleans great 6x the cleaning power, even in

julie: julia: i'm julie hyman. julia:we are 30 minutes from the close of trading. julie: the question is, what'd you miss? scarlet: well done. president trump will sign orders on terror of from now. the mexican peso canadian loonie are cheering as they will be exempted. the insurance company buying express scripts. one year since -- took on wall street. on the investment firms diversity initiative. after a morning of will they won't say, president trump is expected to sign a tariff at the white house. mexico and canada will be exempted pending nafta talks. washington,st, in michael mckee. back out too get you. this is what we are talking about. the context on this is everything. exemptions for canada are tied to those nafta negotiations. briefing from a the senior administration official that told us canada and next ago will be excluded and there is an opening for other allies to ask for an exclusion or show that it is justified on national security grounds. this is a significant step back from what trump told us he was broadto do, blood tariffs. it has prompted th

julie hyman is with us. this is the year today dayt and it is a whippy at the end of the first quarter. you can see the dow and as are on track for declines, so the clients for the first quarter is the first declining quarter as a whole since 2015. unusual in this bull market to have a quarter of negative performance, but it looks like that is about to happen. anything could change tomorrow with the whipsaw we saw in the market of late, and the nasdaq has from the the gains. tech is still higher despite the underperformance recently. it might surprise you to learn that the two groups in the green for the quarter and for the year as far are information technology and consumer discretionary. the s&p 500 in white, those two groups have remained above water. if you look at the year, tech fest saved the s&p 500 from steeper declines. if you look at today's session, that is not the case. momentum stocks are associated with tech, like tesla for example. ad amazon is lower after report that president trump is a test

that means julie hyman. julie: february was the first month that etf had outflows. a lot of the movement had to do with rates more than volatility. that, this iss really interesting. the thinking is the blowup in theshort triggered increased volatility in the selloff. we forget it was the jobs report with the higher wages that also spurred a selloff. >> it can't hold a candle to rising rates. rising rates, the invisibly hand etf, it's behind getting more operational flows. if you look at fixed income, you have $1 billion. that is sleep inducing. if you unwrap that number, you've got a lot going on. you've got a 9 billion swing from corporate's to treasuries. you had a 5 billion swing from long faded stuff to shortstop. as a lot of movement. it reminds me of the taper tantrum days, when you had the rotation. there is something going on here. it was symbolized by a cutie. -- it was symbolized. that is a long time. people are rotating down to something or they are going to something that is essentially cash. that was the second-biggest dinner on the income side. that h

julie: julie hyman. , the s&p 500 mixed sleeping -- falling. scarlet: the question is what'd you miss? gary cohn exit stage left. what hisabout departure means for the future of the trump white house. top executives meeting in houston this week. you will hear from the head of trump's expedition unit. and steve mnuchin joins us. -- we gets thoughts his thoughts on the tariffs. . >> president trump proposed tariffs could pitch him against his own party. his chief economic advisor resigned over the decision leaving the white house without its moderating influence and creating a void which could be to -- filled by the trade hardliners. great to have you with us. talk about what you think the departure means to economic termy and in the short with the decision over these tariffs. board onk across the both sides you are seeing condemnation of this as a policy. it was clear his influence had either been minimized or the president was ignoring him on this issue. i am not surprised he would leave. there are a lot of business nowle and economists saying

juli: yes and no. brad: for instance, our watches come in these... [ chuckles ] aimee: so there's one problem. juli: so there's one thing. [ laughter ] aimee: first problem. brad: i like the fact that the watches are visible. we would like to have an option that can live on a table or a potential countertop. aimee: right. now we could do that. i have some ideas. i think that you can remove this and have it as a counter display. brad: yeah. juli: we're also including inkkas in that, so we need one that kind of combines the two. because this is what we're gonna highlight is the collaboration between the two brands. 'cause this is called the flexaire. aimee: okay. do you have a budget in mind? juli: i honestly think it would be better if you could come back to us with varying options at varying price points. aimee: absolutely. i think i could come up with something that's roughly in the $500 range that would blow your socks off. brad: amazing. jeff: i do not see that display being in the $500 range. aimee

julie says it's okay. >> no it's not. julie. kelly: no it's not because monday morning i will pull my hair out because there's one hour less. you realize what happens to a child that has to go to school? that means i have to get my kids up at six in the morning instead of seven. >> some advances in the event of hurricane harvey, irma and weather. >> last year, during hurricane harvey emery a cell phone providers found that repairing their cell phone towers took too long. fraser wireless has partnered with american aerospace technology to develop a drone that is able to provide cell phone service to first responders and the public in the immediate aftermath of the storm. the 17-foot long ground can fly for 10 - 16 hours as high as 16000 feet. it carries for glt equipment and once in the air, it acts like a flying cell tower providing service for up to 40-mile range. >> when there's no power their cell phones only last 24 - maybe 48 hours tops. so, if you can't get to them before their cell phones die, now they can make a phone ca

. >> arthel: julie banderas picks up the coverage now on fox report. >> julie: president trump about to take the stage in pennsylvania as he looks to energize supporters ahead of a highly contested special election and it's a tight race everyone. i'm julie banderas. good evening. this is the fox report. the president holding a make america great rally again at pittsburgh international airport in honor of republican rick ciccone, the state lawmakers is locked in a neck and neck battle with democrat conor lamb for the house seat vacated by tim murphy. the president is hoping to tip the scales in a district he won by 20 points in the 2016 presidential election. this as ciccone voices support for the president's new tariffs which could have a major impact on that part of the country. >> i'm coming to you from steel city, so this is very important here. i've always supported the steel industry and i support our steelworkers and our steelworkers can compete with anybody in the world, as long as the playing field is level but that playing field has been slanted. president trump's just tryin

the picture, while horrific was taken in july. it was a bottle of champagne and do those exceptions arise in a 70-90% capacity nightclub? yes, they do. what it doesn't show, it doesn't show the context of how quickly it was resolved. what was the behavior before the bottle and after. i'm addressing the photo. my job as security is to be absolute. i don't get involved in the politics of running a nightclub because i don't run a nightclub. that's the picture itself. there's no real context. no before and after. the bottle could be put down, turned away, bottle picked up and woman takes a few sips, chugs it, cleans the whole bottle. we don't know. control of bottle service though, the photo was taken in july. we're talking about a body of work in the past six months, that was the beginning of the marker. i will never say 100% based on skill, sometimes better to be lucky than smart. there is luck contributed to that environment, it always is with bottle service. we warn with pre-drinking. we vet them, talk to them, you tell the inside

and so he was not on july 4th. he didn't cast his vote until early august, actually. >> yes, sir. >> um. >> oh, ma'am, i'm sorry. >> how did you become interested in him since he -- how did you become interested since he is so little known? >> well, he -- wasn't little known at the time. these were the greatest american in american history '. they founded our country. that's why they're cold the founding fathers. i don't see hoe anybody wouldn't be interested in them job but there's so many founding fathers. >> and i'm trying to get through them. i've done -- i'm working on the 26th right now. [inaudible question] >> he was deeply involved in running the war. he was washington's man in congress. eisenhower couldn't have won the war if he didn't have roosevelt and the leaders of congress behind him. eisenhower could not good out and buy arms and ammunitions. the same with washington ask the story of the revolution just told through washington's eyes and deservedly so but ignores the fact, how did he clog and feed hi

julie goldman, congratulations again.>> thank you so much. i'm going to have a great time in the bay area. i can't wait. get ready for spring-at the ross spring shoe event. ross has the must-have styles and brands for a fraction of what you'd pay elsewhere. step one: get to ross. step two: walk out with top brands at big savings... ...at the ross spring shoe event. n:3:3:3 ♪ for the latest styles where you'll spend less. ♪ spring dress. ♪ ♪ you gotta go to ross. if you want to save big on dresses for every occasion, you gotta go to ross. >>> the san jose sharks continue their win, 4-3 beating chicago after a shootout. they trailed late in the second period before going ahead in the 3rd period. after that the blackhawks tied it up . it went into overtime and eventually a shootout. right into the net. san jose have 18 games in a row now, the longest winning -- the that makes eight games in a row that san jose has one, the longest winning streak for the league.>>> the giants got on the board first last night at at&t park. buster posey sc

julie and frank? -- then. julie and frank?>>> let's go over to chief meteorologist bill martin. he is tracking conditions. it looks like it is raining in berkeley. and all that snow in the mountains>>> five feet of snow, so you mean. five feet of snow in the last five days is a lot. but this is up for avalanche danger. tomorrow and on sunday. that winter storm warning remains in effect for lake tahoe through tomorrow morning. he will get another eight inches tonight perhaps. it is really coming down. a little bit of rain out in berkeley. in the mountains, 50 and 80 open, but they are chaining up because the snow is consistently coming down. scattered showers throughout the bay area right now. the showers showing up here around marin county, and towards oakland. this is how, this spotty shower activity, is how it goes basically through tonight and into the early morning hours tomorrow. there is more scattered showers in our forecast for tomorrow as well. but as we move into the weekends things start to shape up. 40 in santa rosa right now, cooler than last night this time. there