Speaker 1: Global business news twenty four hours a day at Bloomberg
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Speaker 1: This is a Bloomberg Business Flash, and I'm Karen Moscow.
Speaker 1: US Dock Index futures are signaling equities will halt their
Speaker 1: best winning strike in five months after worsening economic data
Speaker 1: from as are reignited concern over the outlook for global growth.
Speaker 1: We check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg SNP EVENI futures down eight and a half points,
Speaker 1: Dow E Many futures down fifty eight and NAS DOC
Speaker 1: you many futures down twenty two. DAX in Germany's down
Speaker 1: four tenths per cent, ten Your treasury up eighteen thirty seconds.
Speaker 1: The yield one point eight four percent yield on the
Speaker 1: two year point eight six percent. Nim X Screwed oil
Speaker 1: up a quarter percent, or twelve cents to thirty eight
Speaker 1: oh to a barrel. Comax gold is up nine tenths
Speaker 1: per cent, or eleven dollars ninety cents to twelve seventy
Speaker 1: five seventy ounce. The euro A dollar ten twenty six,
Speaker 1: The ends one thirteen even. Some stocks moving in early trading.
Speaker 1: Dicks Sporting Goods down more than seven percent for requarter profit,
Speaker 1: missing analysts estimates, and it said first quarter profit may
Speaker 1: also disappoint. Urban Outfitters is up ten percent this morning,
Speaker 1: while fourth quarter profit beat and unless estimates, and Iron
Speaker 1: Ores rally stalling today after a record advance a day earlier,
Speaker 1: as banks from Goldman Sachs Group to City Group, together
Speaker 1: with some of the largest minors, said that the surge
Speaker 1: wasn't likely to endure. And that's a Bloomberg business flash.
Speaker 1: Tom and mikeer Karen, thanks so much Bloomberg surveillance brought
Speaker 1: you by interactive brokers. Are your returns dragged down by
Speaker 1: high transaction costs? Trade up to interactive brokers where are
Speaker 1: lower costs can help you maximize your returns. Visit ib
Speaker 1: k are dot com slash save more for more information. Michael,
Speaker 1: we have identified that whale you heard yesterday afternoon from
Speaker 1: the direction of Wisconsin Avenue in Washington, d C. It
Speaker 1: was NBC's Chuck Todd, the host of Meet the Press,
Speaker 1: when he got the news that Michael Bloomberg, the founder
Speaker 1: a majority owner of this radio station in Blueberg, LP,
Speaker 1: was not going to run for president. Uh, you were
Speaker 1: not endorsing him, but you would have as a political reporter,
Speaker 1: he would have loved to have an into a well financed,
Speaker 1: credible independent in the race. Always shake it up number one,
Speaker 1: forced post parties to be more accountable number two, And
Speaker 1: it would have engaged more voters number three. I mean,
Speaker 1: I look, I'm for it because it would have, you know,
Speaker 1: guaranteed more states and play guaranteed that the candidates would
Speaker 1: have to talk to more voters and talk to So
Speaker 1: there's there's a lot of good that would have come
Speaker 1: out of a third party bid. Um. But you know,
Speaker 1: everybody I've talked too, very close to Mayor Bloomberg essentially
Speaker 1: said he wanted a pass to victory and he couldn't
Speaker 1: find one. Uh And the only past he kept finding
Speaker 1: was a pas for Donald Trump to win if he
Speaker 1: got in in a Clinton Trump scenario. Do you agree
Speaker 1: with that analysis? I do. I think that he would
Speaker 1: have taken votes away from her in places like Pennsylvania, uh, Ohio,
Speaker 1: New York, but particularly in the rust belt in the
Speaker 1: Northeast corridor, and that would have opened the door for
Speaker 1: Trump to carry those states. Uh And and I think
Speaker 1: would have messed up her math had a better shot
Speaker 1: if Sanders had been been making more noise in the
Speaker 1: Democratic side, Um, you could see that possibility. But with
Speaker 1: Hillary Clinton, I think they share too many positions, particularly
Speaker 1: undone foreign affairs things like that, that that they'd split both.
Speaker 1: They'd more likely split both more so than uh Bloomberg
Speaker 1: and Trump. Chuck. The most intelligent tweet I've seen in
Speaker 1: the political season was from one S. Guthrie at NBC
Speaker 1: suggesting that we should all have a drinking game when
Speaker 1: Chuck Todd refers to the Whig Party, which which is
Speaker 1: which is great but also exceptionally important. The Whig Party
Speaker 1: is attacking Mr Trump, and it worphs every day. Where
Speaker 1: are we on this Tuesday? Is the Whig Party tries
Speaker 1: to move forward? Well, you know, it's interesting and obviously
Speaker 1: in case people are wondering what we're why we keep
Speaker 1: talking about the Whigs. Esentially, the the Conservative Party before
Speaker 1: there was the Republican Party was the Lakes and they
Speaker 1: were having their own uh they you know, they splintered
Speaker 1: and the Republican Party was formed. Abe Lincoln wins and
Speaker 1: and the rest is history. And essentially, you know there's
Speaker 1: a split inside this party. The rank and file on
Speaker 1: one definition of what conservatism is and the elite, the
Speaker 1: ones that run the party, have another definition. That's really
Speaker 1: what's going on here, right, And it's about you know
Speaker 1: that this is this rank and file, working class wing
Speaker 1: of the Republican Party for thirty years, but they got
Speaker 1: lurned in by social issues and now they're saying, hey,
Speaker 1: wait a minute, none of your economic policies have benefited us,
Speaker 1: and we're tired of it. And and that's where this is.
Speaker 1: That's that's Trump's tracks. It speaks to a lot of Michigan.
Speaker 1: What will you look for tonight? I mean, if we
Speaker 1: assume Trump, Michigan is the symbol of Donald Trump, right,
Speaker 1: this should be his This should be the heart and
Speaker 1: soul of where he does well. I think what I'm
Speaker 1: looking for our margins tonight, both Mit, Michigan and Mississippi
Speaker 1: should be big Trump's date. How big are they going
Speaker 1: to be? The big? Double digit wins? Are we calling it? Right?
Speaker 1: When the bull's closed? That tells you that that Trump is.
Speaker 1: You know that that Saturday was a blip. Maybe the
Speaker 1: Romney stuff didn't have an impact. But if Trump struggled tonight,
Speaker 1: you know you're gonter be wins both state, but it's
Speaker 1: very narrow. Single day did less than five points. Um.
Speaker 1: Then I think we started putting connecting the dots and saying,
Speaker 1: you know what, starting last Thursday with met Romney, then
Speaker 1: that vulgar debate, then the results on Saturday. Maybe something's
Speaker 1: happening here and and Trump start to lose a little.
Speaker 1: We're still a little elevation. We're starting to see UH
Speaker 1: polls suggests that's happening. We have seen big jumps, been
Speaker 1: through this before, though, haven't we in the voters vote, Well,
Speaker 1: you know we have not been through this. Uh scene
Speaker 1: on Kasy pick up support. Well, that's right, so we'll see.
Speaker 1: I mean, look, there's a lot of I am like
Speaker 1: I like I said on paper, Michigan and Mississippi seem
Speaker 1: to be perfect Trump states, and that's why tonight margins
Speaker 1: matter to be more than anything else. Well, we then
Speaker 1: go on to the next version of Super Tuesday, which
Speaker 1: really is in a way because you get into the
Speaker 1: winner take all states, and you've got Casey still running
Speaker 1: strong in Ohio, got to overcome Trump. But the big
Speaker 1: question is Florida. Marco Radio has lost some support, but
Speaker 1: the anti Trump forces are pouring a ton of money
Speaker 1: into that state. What's it look like that? Well, look,
Speaker 1: I think, look, I think Rubio is slowly making gains, um,
Speaker 1: but I don't think you know, he's still behind, and
Speaker 1: there's a ton of money being, a ton of anti
Speaker 1: Trump money being poured into the state. We'll see. I
Speaker 1: think tonight it's gonna be another tough night for Perrubio.
Speaker 1: There's a chance he sent it's just fourth in both
Speaker 1: Michigan and these are states Kate too could put some
Speaker 1: effort into. And wherever Kate Took has put effort, he
Speaker 1: finished ahead of Rubia and just about every every date
Speaker 1: where he's you know, he picks and shooting their mid
Speaker 1: day that he that he competes in. That's not a
Speaker 1: good place for Marco Rubia to night. Um. And I'm
Speaker 1: hosting a town all of them tomorrow. I'll be curious
Speaker 1: to a kind of movie in two fourth place finishes
Speaker 1: the six days to go and forth. Chuck, I want
Speaker 1: to ask you a question about the industry. I have
Speaker 1: had a huge response from our listeners and our viewers
Speaker 1: about the state of Chuck Todd's world. You're working with NBC,
Speaker 1: You're working with MSNBC across cable news. How do we
Speaker 1: get the discourse back in cable news political coverage or
Speaker 1: is it forever gone? Are we are we just drowning
Speaker 1: in expertology. I don't know what to I don't know.
Speaker 1: It's an interesting question. I've been listening to some podcasts
Speaker 1: on media criticism lately, and and I hear it, right,
Speaker 1: I get what some folks are. I'm not saying you're
Speaker 1: not doing it, but I don't. Look, I do think
Speaker 1: that it's I'd like to think that we're trying to
Speaker 1: do it a little bit better than our two competitors.
Speaker 1: I think our two competitors are are are pushing the
Speaker 1: envelope on going downward. Uh. I'd like to think they're
Speaker 1: doing a little bit faster than we are. What we're
Speaker 1: trying not to. I mean, some of us are trying
Speaker 1: really hard not to go down that road. So I
Speaker 1: get it, I understand it. I guess my feeling is,
Speaker 1: is that beauty of digital, that's the beauty of all
Speaker 1: these other places where there's there is an opportunity to
Speaker 1: get respectful discourse in a lot of places. Yeah, but
Speaker 1: it does start with the candidates, you know. I think
Speaker 1: let's remember this, this is not there. You can blame
Speaker 1: the media for coverage, but the candidate, you know, we
Speaker 1: can have a higher we can have a higher proud
Speaker 1: of date if if the front runner chose to happen chuckle,
Speaker 1: Thank you so much, greatly appreciated. This morning, He's moderators
Speaker 1: Meet the Press, NBC working with MSNBC as well. Look
Speaker 1: for that. I'm Bloomberg Radio. You can see listen to
Speaker 1: that rather Sunday afternoon, Chuck Todd with NBC Mike Um
Speaker 1: I super Tuesday. You and I took in a hockey
Speaker 1: game and I went back to the La Mans and
Speaker 1: the Motel six, and I was just dazzled by what
Speaker 1: I heard on cable news. It was. It was painful,
Speaker 1: it was I mean, you lived it with your wonderful
Speaker 1: comments yesterday about the Reagans. I mean, you've seen the
Speaker 1: generational change. The problem. The problem is is that the
Speaker 1: worst and the stupidest draw the biggest ratings. And it
Speaker 1: is not about it. And that's the pressure to Chuck
Speaker 1: Todd and is not about it. And it has for many,
Speaker 1: many many years not been about covering the issues. Issues
Speaker 1: get some stories, but let's face it, everybody likes to
Speaker 1: say to cover that he said. She said, aspect of
Speaker 1: it except here on Bloomberg Surveillance, and we've proudly tried
Speaker 1: not to do that. We try to stick with the
Speaker 1: issues and covering politics. Are good to talk to. Chuck Toute,
Speaker 1: Chris Michigan covers look for with all due respect, Mark Helprin,
Speaker 1: and John Heilman, Uh Tonight. I loved how the other
Speaker 1: day Anderson Cooper. I don't know if I mentioned this
Speaker 1: on radio yesterday, Mike Anderson Cooper was talking about Mrs
Speaker 1: Reagan and the last time he saw her and met
Speaker 1: with her. She was reading Mark Helprin's book, Heilman's book
Speaker 1: Game Change. Well that was that was the last election.
Speaker 1: Talking about it seems ancient history. I mean, maybe the
Speaker 1: game changed a little four years ago, but boy did
Speaker 1: it change. I had to wonder what the title of
Speaker 1: the next helper In Heilman tone will be put down.
Speaker 1: They'll probably still oh there it is covers Tonight of
Speaker 1: Michigan onto Florida. Of course, next Tuesday, we look at
Speaker 1: the markets through the lens of economics, finance, and investment.
Speaker 1: What's going on this morning? Well, actually green on the
Speaker 1: screen on oil Brent crude forty one forty barrel of
Speaker 1: fifty six cents right now, West Texas Intermediate thirty nine.
Speaker 1: That gets your attention. That's we have to watch oil
Speaker 1: lifting with commodities. Another hour of Bloomberg's surveillance,