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Speaker 1: Broadcasting live to New York Bloomberg eleventh to Washington, d C.

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Speaker 1: Bloomberg to Boston, Bloomberg twelve on to San Francisco Bloomberg

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Speaker 1: nine to the country UIOUS Exam Channel one nineteen and

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Speaker 1: around the globe the Bloomberg Radio Plus appen Bloomberg dot com.

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Speaker 1: This is Bloomberg Surveillance Morning at seven thirty on All

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Speaker 1: Street and Michael McKee along with Tom Keene. We are

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Speaker 1: being buffeted by the winds of central banks, but there

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Speaker 1: are some company stories out there that you'll want to

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Speaker 1: pay attention to as you begin your investing day. Valiant

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Speaker 1: giving a new sales and profit forecast for two thousand sixteen,

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Speaker 1: lower than the drug baker had predicted in December. Sales

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Speaker 1: eleven to twelve eleven to eleven point two billion, down

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Speaker 1: from twelve and a half to twelve point seven. Earnings

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Speaker 1: will be nine dollars fifty cents to ten dollars fifty cents,

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Speaker 1: down from thirteen twenty five to thirteen seventy five. David Campari, Milano,

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Speaker 1: the Italian distiller, is going to buy French kognac maker

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Speaker 1: Grand Marnier Group UH seven hundred sixty million dollars is

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Speaker 1: the valuation for the company and Sony paying seven fifty

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Speaker 1: million to the estate of Michael Jackson for the late

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Speaker 1: pop stars Steak in their joint music business. He gets

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Speaker 1: control of it, gets control of the catalog that includes

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Speaker 1: the artist Sting and Alicia Keys. And now let's check

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Speaker 1: in with the artist Michael Barr for the latest World

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Speaker 1: National Thank you very much, Mike. It is primary day

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Speaker 1: in five states. Democrat Hillary Clinton is holping to stretcher

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Speaker 1: lead over ryinbal Bernie Sanders. Donald Trump is holving for

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Speaker 1: a big day, especially in delegate rich Ohio and Florida

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Speaker 1: pad his lead. Meanwhile, an attack ad against Donald Trump

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Speaker 1: hit national cable television this week, showing women reading quotes

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Speaker 1: by Trump that many women might find offensive. Calling. In

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Speaker 1: ABC's The Good Morning America, Trump was asked this morning,

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Speaker 1: have you seen that ad? I have seen it, and

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Speaker 1: it was a Romney deal. You know who ran one

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Speaker 1: of the worst races in the history of presidential politics.

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Speaker 1: He should have easily beating the failed president Obama. And

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Speaker 1: you know they just it's a lot of sour grapes.

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Speaker 1: Former Alaska Governor Sarah Palin was campaigning for Trump yesterday

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Speaker 1: in Florida, but had to return home after her husband

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Speaker 1: was injured in a snowmobile accident. President Obama predicts the

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Speaker 1: Cuban and Bargo will be lifted by his successor. President

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Speaker 1: Obama spoke to CNN just days before his history visit

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Speaker 1: to Cuba Dallas c V one. The thousand mile I

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Speaker 1: did a rat sled dog race globally was twenty four

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Speaker 1: hours a day, powered by our twenty four hundred journalists

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Speaker 1: more than a hundred fifty news bureaus from around the world.

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Speaker 1: I'm Micha Labar, Thank you, Michael. Time now for the

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Speaker 1: Raykatina on a Group Bloomberg NBC Sports Update with Rob Bushman.

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Speaker 1: Thank you Mike, and good morning. You have just a

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Speaker 1: few hours left to get your brackets in as the

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Speaker 1: n C A A and n I T tournaments get

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Speaker 1: underway today. And good luck to fairly Dickinsons. The Nights

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Speaker 1: got hot at the right time. They're eighteen and fourteen.

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Speaker 1: They take on Florida Gulf Coast six forty is tip

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Speaker 1: off from Dayton is part of the East Region and

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Speaker 1: game to be followed by Vanderbilt and Wichita State in

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Speaker 1: the pair of eleven Seas scheduled for a nine tin

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Speaker 1: tip off on the ice. Things are heating up with

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Speaker 1: the Islanders by Clucket with a minute seconds remaining of

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Speaker 1: the first period have taken up three to two lead,

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Speaker 1: and if they would list one, they were pulled off

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Speaker 1: for MSG with the call of the Islanders down to

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Speaker 1: nothing entering the third score three times in five minutes

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Speaker 1: at forty one seconds, and a couple that with Thomas

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Speaker 1: christ who had twenty three saves. Islanders beat the Panthers

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Speaker 1: to pull ahead or to pull within a point of

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Speaker 1: the Rangers for seconds in the Metro Division and the

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Speaker 1: baseball Tiger's gonna three run homer from j D. Martinez

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Speaker 1: to meat the Mets nine to two. Of the real

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Speaker 1: story David Wright. Good to see him back in action.

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Speaker 1: He went one for five and an intra squad scrimmage game.

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Speaker 1: That's your NBC Sports Radio and Bloomberg up Dad, Mike,

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Speaker 1: Thank you very much. Rub But if you do have

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Speaker 1: your brackets filled out, um, you gotta of course wait

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Speaker 1: and see what happens with play in games. First one

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Speaker 1: this afternoon fairleyeh Dickinson against Florida Gulf Coast. That's at

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Speaker 1: three this afternoon. This is Bloomberg Radio, and this is

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Speaker 1: Bloomberg Surveillance. I'm Michael McKee along with Tom Keane. On

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Speaker 1: a day when we see some disappointment in the markets

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Speaker 1: over perhaps the Japanese Central Bank doing nothing, or perhaps

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Speaker 1: the anticipation of the Fed doing nothing. SMP futures down

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Speaker 1: eleven points right now six tenths. Dow futures are off

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Speaker 1: by four tenths uh seventy four points on that index.

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Speaker 1: It is time now for the Bloomberg n j I

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Speaker 1: T STEM Report, brought to you by New Jersey Institute

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Speaker 1: of Technology, partnering with government and industry to apply the

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Speaker 1: university's world class research assets to innovate in spur economic growth.

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Speaker 1: Learn more at n j I T dot e d U.

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Speaker 1: Here is Michael. Good Morning, coming up on seven thirty

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Speaker 1: five on Wall Street, and here's what's making news in science, technology, engineering,

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Speaker 1: And Matt would you buy a self driving car from

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Speaker 1: this man? The Google executive in charge of the company's

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Speaker 1: autonomous auto project, is aiming to sell the concept to

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Speaker 1: lawmakers on Capitol Hill today. Chris Emson's prepared testimony points

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Speaker 1: to the benefits of less spending for roads, parking garages,

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Speaker 1: and public transportation systems. Here just Congress to seize a

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Speaker 1: huge opportunity to further the technology by enabling the Department

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Speaker 1: of Transportation to get behind deployment of self driving cars.

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Speaker 1: Representatives of General Motors, Delphi Automotive, and the ride booking

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Speaker 1: service Lift also scheduled to testify. The next Twitter engineer

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Speaker 1: who sued over alleged gender bias probably won't get to

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Speaker 1: expand her case to challenge a contract provision barring departing

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Speaker 1: employees from recruiting their colleagues that would let Twitter and

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Speaker 1: other Silicon Valley companies dodge a bullet that could force

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Speaker 1: an end the hiring practice. And what's causing warming of

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Speaker 1: the planet. The answer may be frozen in time and

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Speaker 1: sciences of drilling down deep to find it sealed in

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Speaker 1: an ice cool or that allows them to see changes

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Speaker 1: in the atmosphere over time. They'll need to drill to

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Speaker 1: find ice that's one and a half million years old,

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Speaker 1: about the time the interval between ice ages grew to

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Speaker 1: about a hundred thousand years. The composition might offer clues

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Speaker 1: to what causes Earth's climate cycles, and that's the Bloomberg

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Speaker 1: n j I T STEM report. Mike if you want

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Speaker 1: to know how far they need to go for one

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Speaker 1: and a half million year old ice, think of a

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Speaker 1: core sample that's something like a two mile long popsicle

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Speaker 1: when it's laid from end. I know some kids that

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Speaker 1: would like that, uh, cherry flavored if if you played

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Speaker 1: spob Thank you very much. We're talking with E. J. Dion,

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Speaker 1: of course, the long time American political journalist and commentator,

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Speaker 1: longtime op ed columnists for the Washington Post. He's a

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Speaker 1: senior Fellow in Government Studies at the Brookings Institution. He's

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Speaker 1: also a prolific author. And I want to talk to

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Speaker 1: you about some of your books. Obviously, Where Why the

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Speaker 1: Right Went Wrong is your latest book. Tom was talking

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Speaker 1: about that just a few moments ago. I want to

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Speaker 1: go back to some of some of your back cab

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Speaker 1: luck see if we can sell some of those. I'm

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Speaker 1: all for that, although I can't get that two mile

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Speaker 1: long popsicle out of my head. I know you've got

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Speaker 1: kids who would like that too. I'm sure, Uh why

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Speaker 1: Americans hate politics? Um, that was a long time ago.

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Speaker 1: What would you what would you update it with today?

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Speaker 1: What would you say if you were writing that today? Well,

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Speaker 1: you know this part of the core argument that I

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Speaker 1: made there is something I still believe and I still

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Speaker 1: think it's true for a lot of Americans, which is

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Speaker 1: um that politics often presents itself as a series of

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Speaker 1: false choices that people don't accept as real choices. For

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Speaker 1: you know, one of the things I wrote about back

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Speaker 1: then is at the time, we were talking a lot

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Speaker 1: about what you're either a feminist or your pro family.

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Speaker 1: What we know twenty five years later that most people

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Speaker 1: still care a lot about the family, but they also

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Speaker 1: believe that men and women are equal. Another one was

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Speaker 1: a false choice between your your pro environment or your

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Speaker 1: for economic growth. Well, we've shown over a long period

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Speaker 1: of time that we could have economic growth and protect

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Speaker 1: the environment at the same time. So I think the

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Speaker 1: argument about false choices I would I still think is

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Speaker 1: very much is very relevant to our politics now. Um.

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Speaker 1: I think back then I did not anticipate that conservatives

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Speaker 1: would move as resolutely to the right as they have.

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Speaker 1: Uh Now, I WoT that book was written during the

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Speaker 1: presidency of George H. W. Bush, the first President Bush,

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Speaker 1: who obviously presented a very different profile than we're seeing today,

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Speaker 1: particularly from Donald Trump, And in this campaign, we saw

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Speaker 1: that at least for now. There are some more bushes

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Speaker 1: coming up, but the Bush option is not an option

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Speaker 1: that Americans wanted to take this time. None the book

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Speaker 1: you wrote, they only looked at why progressives will dominate

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Speaker 1: the next political era. Maybe a little early, but we're there.

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Speaker 1: Now do they continue to dominate? You know, we're looking

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Speaker 1: at Sanders and Clinton argue over who's more progressive. But

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Speaker 1: four years from now, are we going to be hearing

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Speaker 1: the same Well in that book, my point was that

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Speaker 1: in a period of great economic change, which we were

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Speaker 1: beginning to go through then the rise of the tech era,

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Speaker 1: Americans tend to look to government to take some steps

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Speaker 1: to make things fairer. That a lot of people are

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Speaker 1: dislocated in periods of economic change. Um, you know, we

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Speaker 1: went from farm to factory, from small towns in the

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Speaker 1: big city a hundred or so over a hundred years

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Speaker 1: ago now, and we were moving starting in the nineties

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Speaker 1: from an industrial economy to a tech economy. And I

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Speaker 1: think you're seeing in the revolts of voters supporting Bernie Sanders,

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Speaker 1: who's clearly explicitly pro government, but also Trump, who's got

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Speaker 1: this very mixed, complicated ideology with a dose of authoritarianism

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Speaker 1: in it. Uh, you're seeing the same frustrations with our

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Speaker 1: failure to manage this economic transition. I think that so

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Speaker 1: much of the turmoil is so many people are being

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Speaker 1: hardened in this economic transition and they're not getting much

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Speaker 1: help getting through it. Too much to talk about. E

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Speaker 1: J d owned with us UH with the Washington Post

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Speaker 1: is a new book, Why the Right Went Wrong, Conservatism

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Speaker 1: from gold Water, the Tea Party and beyond, with the

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Speaker 1: important perspective on a U H two. Oh yeah. We'll

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Speaker 1: definitely continue our conversation with EJ throughout the political year.

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Speaker 1: It is the most interesting thing. And of course what

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Speaker 1: we're trying to do, folks, is less the horse race

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Speaker 1: and much more driving forward to the dialogue, which too

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Speaker 1: much we're going to say some part of the horse

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Speaker 1: no no, which which seems to me to be Yeah,

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Speaker 1: there's more after Florida and Ohio. But the conventions beckon

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Speaker 1: to say the least. The futures negative ten jab futures

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Speaker 1: negative sixty seven. Bloomberg's Events. Bloomberg Surveillance is brought to

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Speaker 1: scnb dot com to learn more. Now open in Long

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