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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. This

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Speaker 1: that thing's brought to you by Sector Spider E t F.

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Speaker 1: So I buy a single stock when you can invest

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Speaker 1: in the entire sector. Visits Sector s P d r

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Speaker 1: S dot com or call eight six six Sector et

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Speaker 1: F City Group reporting first quarter profit that beat analysts estimates,

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Speaker 1: joining big US rivals and slashing costs more than anticipated

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Speaker 1: amid a trading and deal making slump. IT shares are

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Speaker 1: up about two point seven percent this morning. Oil is

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Speaker 1: falling for a third day before major suppliers meet in

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Speaker 1: Doha to discuss an output freeze, and U stock index

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Speaker 1: futures are lower. We check the markets every fifteen minutes

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Speaker 1: throughout the trading day. On Bloomberg, SNP E mini futures

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Speaker 1: down three and a half points, DOWI mini futures down

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Speaker 1: twenty four, nastacumuni futures down nine, The Dacks in Germany's

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Speaker 1: down half per cent, ten Your treasury up five thirty seconds.

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Speaker 1: The yield one point seven seven per cent yield on

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Speaker 1: the two year point seven five percent nine max screwed

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Speaker 1: oil down two points seven percent or at dollar twelve

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Speaker 1: to forty dollars thirty eight cents of barrel and comics

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Speaker 1: gold is up half percent or five dollars sixty cents

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Speaker 1: at twelve thirty two ten an ounce the euro at

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Speaker 1: allar twelve seventy nine the end one oh eight point

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Speaker 1: nine six. Watching Schwab earnings, they're crossing the Bloomberg first

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Speaker 1: quarter profit meeting analysts estimates again. That's child Schwab Region's financials.

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Speaker 1: First quarter profit beat analysts estimates by one cent. It

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Speaker 1: shares of more than four percent this morning. That's a

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Speaker 1: Bloomberg business flash. Tom and Mike Karen, thanks so much.

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Speaker 1: Good morning everyone, it is on Wall Street. The following

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Speaker 1: is from Bloomberg View. Opinions and commentary from Bloomberg columnists.

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Speaker 1: Ieu a columnist for Bloomberg View. There are now three

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Speaker 1: parts to the Republican nomination contest. The candidates have to

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Speaker 1: win votes in the remaining primaries to maximize the number

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Speaker 1: of delegates will vote for them on the first ballot.

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Speaker 1: They have to influence delegate selection to get unbound delegates votes,

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Speaker 1: and they have to get delicates who are not with

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Speaker 1: them to support them if their preferred candidate fades. Donald

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Speaker 1: Trump is putting nearly all his effort into winning primaries,

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Speaker 1: but he's done so much worse than previous front runners

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Speaker 1: that he now has to make a late start at

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Speaker 1: wrangling delegates. Ted Cruz is excelled at influencing delegate selection,

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Speaker 1: but if he does not show marked improvement on a

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Speaker 1: second ballot, a lot of delegates might start looking elsewhere.

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Speaker 1: That's John Kasi's hope, his best shot, as if the

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Speaker 1: convention balloting lasts beyond two rounds and the delegates decide

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Speaker 1: that he is the most electable of the candidates who

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Speaker 1: ran in all the primaries. Each of the three candidates

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Speaker 1: is thus emphasizing a different part of the contest, and

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Speaker 1: we might not know who chose best until the convention ends.

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Speaker 1: I'm respreneuru. For more of you, please go to Bloomberg

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Speaker 1: View dot com or view go on the Bloomberg terminal.

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Speaker 1: This has been Bloomberg View. Bloomberg View commentaries can be

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Speaker 1: heard hourly weekdays here on Bloomberg Radio. While the political

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Speaker 1: silly season is in full swing here in New York,

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Speaker 1: We're just a few days away from the New York primary,

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Speaker 1: and Tom, one after another, the commercials on television. What

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Speaker 1: do we do until the conventions? Does Brett just go

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Speaker 1: play golf? Brett's got golf, and you've also got the

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Speaker 1: Washington capitals to follow? Are you pessimistic? Boy? The capital's

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Speaker 1: chances is everybody else in Washington? No, No, come on,

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Speaker 1: this is this is I just went to the game

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Speaker 1: last night. I think it looks good. I heard that

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Speaker 1: that it was quite loud, quite exciting. It was really

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Speaker 1: and Tom thought it was boring. He watched, and I

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Speaker 1: watched the beginning though it was hard checking, really great checking.

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Speaker 1: Nothing like it. Indeed, Uh, you had a little bit

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Speaker 1: of playoff hockey last night in Brooklyn, Hillary Clinton, and

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Speaker 1: uh and Bernie Sanders dropping the gloves. No, they did.

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Speaker 1: And uh, you know Bernie Sanders had to have that

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Speaker 1: moment because you've had many debates where it seemed like

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Speaker 1: he he didn't yet as confrontational as many thought he

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Speaker 1: would be. Uh, he did last night. And I think,

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Speaker 1: you know, there is a sense in the Democratic race

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Speaker 1: that the math just doesn't add for him. But he

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Speaker 1: is still a factor both in fundraising and the in

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Speaker 1: momentum and people supporting him. So if he doesn't get

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Speaker 1: you know, closed the gap and some of these big

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Speaker 1: races and doesn't win, he's still gonna have a lot

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Speaker 1: of power within the Democratic Party and we'll see what

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Speaker 1: he demands. It will be interesting to see what happens

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Speaker 1: on the podium in Cleveland when the Republicans finally settle

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Speaker 1: on a nominee, because um, they all seem to hate

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Speaker 1: each other, Hillary and Bernie. When the Democrats get together,

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Speaker 1: are they going to put all this behind them? Because

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Speaker 1: Sanders has brought a lot of young people into the

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Speaker 1: political process this year, is she going to be able

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Speaker 1: to lock up his supporters as well or did they

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Speaker 1: walk well. I think it's gonna be a challenge for

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Speaker 1: her across the board, for all of his supporters. But

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Speaker 1: on both sides, the unifying factor will be the opposing

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Speaker 1: party's nominee. I mean, for Republicans, eventually you're gonna get

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Speaker 1: over the top no matter who the nominee is, it

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Speaker 1: says you don't have Hillary Clinton. And for Democrats you're

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Speaker 1: gonna say there's no way Donald Trump orted Cruz can

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Speaker 1: be president. And that'll be the unifying factor for both parties. Well,

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Speaker 1: the interesting thing on the Republican side is that there

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Speaker 1: are an awful lot of Republicans who say they would

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Speaker 1: row to have Hillary Clinton than Donald Trump. I think

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Speaker 1: that's true. I mean, I don't think that that's a myth.

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Speaker 1: I think there are some Republicans who look at Donald

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Speaker 1: Trump and don't and and literally are in the never

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Speaker 1: Trump camp. I don't know if that changes once and

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Speaker 1: if he is the nominee um, but you know, we

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Speaker 1: have a long way to get there. Bred oh six

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Speaker 1: weeks ago, so Susan Milligan and US News with a

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Speaker 1: terrific perspective, will Americans elected president? Most of the country

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Speaker 1: hates within a political sense. Define as you grind it

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Speaker 1: out day to day on Special Report negative ratings. Are

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Speaker 1: Secretary Clinton's negative ratings different from Mr Trump's negative ratings,

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Speaker 1: different from Senator Kennedy of Massachusetts negative ratings from another time,

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Speaker 1: and go, yeah, yeah, no, they're different. Hers are high.

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Speaker 1: Hers are in the high fifties, low sixties his or

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Speaker 1: higher in the high sixties. Some poles evident unfavorable at

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Speaker 1: um and and that is unprecedented. If you have Donald

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Speaker 1: Trump and Hillary Clinton as the two major party nominees.

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Speaker 1: You have a large percentage of the country that hates

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Speaker 1: both of them, and UM, that's you know, you would

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Speaker 1: think that would be right for a third party, but

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Speaker 1: it doesn't seem like that's that's going to come to pass.

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Speaker 1: Brett as a host of Special Report on Fox News

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Speaker 1: and of course Fox News Sunday here on Bloomberg Radio

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Speaker 1: every Sunday. One of the things Tom that analysts have

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Speaker 1: suggested any Donald Trump is extraordinarily far behind Hillary Clinton

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Speaker 1: and the polls UH and is universally considered by polsters

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Speaker 1: to um probably lose in historic faction in no member

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Speaker 1: if he is nominated. But one thing they say is

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Speaker 1: a wild card that could change. That is if there

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Speaker 1: were some big terrorism UH event that changed people's feelings

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Speaker 1: about security in the United States. Scott Bolton is a

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Speaker 1: director of business development and network relations at a on

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Speaker 1: Risk Solutions, and they have come out with a new

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Speaker 1: terrorism and political violence risk map. So let's get the

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Speaker 1: view from him and what the likelihood of something is

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Speaker 1: between now and November. Scott, is is there a real

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Speaker 1: danger that there could be something big enough that it

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Speaker 1: would impress Americans potentially? I think the finance and map

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Speaker 1: are quite interesting and a number of areas, one being

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Speaker 1: clearly with a lot of anxiety in North America and

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Speaker 1: in Europe as attacks over in France and Belgium. But

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Speaker 1: you know, realistically, while those were awful events, were still

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Speaker 1: one of the safest locations, one of the safest regions

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Speaker 1: if you like, in content when certain any contrast this

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Speaker 1: with the Middle East or North Africa or certain spots

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Speaker 1: of Southern Asia. Your math does show extraordinary a number

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Speaker 1: of terrorist incidents, but they don't take place in Europe

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Speaker 1: or the United States in large park. Well, you know

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Speaker 1: that in terms of frequency, in terms the numbers of

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Speaker 1: attacks in the Middle East retained to find the top

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Speaker 1: spot for that in at least North Africa, um and

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Speaker 1: then out into into Southern Asia or the from a

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Speaker 1: terrtant perspective in terms of the numbers of attacks, those

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Speaker 1: are um for for busier locations than North America or European.

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Speaker 1: When we sat up where we're going with all this,

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Speaker 1: and and I do think there's almost fatiguous in our

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Speaker 1: shock of the new terror? What is the new terror?

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Speaker 1: I mean you guys, you guys are full time pros

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Speaker 1: that this you're doing a seven I'm going to suggest

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Speaker 1: Scott Bolton reacts to Brussels different than Mike McKee or

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Speaker 1: Tom Keane. What's the new for you? The new is

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Speaker 1: I suppose that the focus on mass casualty attacks something

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Speaker 1: from Islamic militants and the focus on the public and

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Speaker 1: gumble as the theres the focus the attacked itself. Generally,

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Speaker 1: wherever you go in the world, terrorist group will will

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Speaker 1: target the people that are fighting the counter and insurgency,

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Speaker 1: so the police, the military, the government, the rule of law.

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Speaker 1: I think the what was illustrative of whether it was

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Speaker 1: you know, the Bristils airport attack, the Cholie have Do attack,

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Speaker 1: the Battle Clan attack, the San Bernardino attack over the

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Speaker 1: States was very much the focus is people that the

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Speaker 1: the the desire to close with and engage the public

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Speaker 1: of the West rather than attack you know, the rule

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Speaker 1: of law, or attack attack infrastructure, which is often a

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Speaker 1: focus for for terror groups. Kind about a minute left.

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Speaker 1: How much should we worry in the United States? Are

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Speaker 1: are we too? Are we far enough away? Do we

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Speaker 1: have better security? Are we in better shape than the

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Speaker 1: rest of the world? As is anything still possible? There's

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Speaker 1: much thing as there are risks. So while the US

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Speaker 1: um and it's it's allies in North America and in

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Speaker 1: Europe and in other parts around the world. Are I

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Speaker 1: suppose they display some of the best homeland security, but

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Speaker 1: that way looking to defeat and disrupt terrorist plots, terrorist planning.

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Speaker 1: That ald adage that the terrorists only needs to get

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Speaker 1: lucky once is what remains true. You know, we need

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Speaker 1: to get lucky every time. It ought to maintain our

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Speaker 1: are safe and secure environments, and that one attack you

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Speaker 1: can have almost a disproportionate effect on people's perception of

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Speaker 1: how they're exposed companies, how they exposed our actions. We

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Speaker 1: need to get your own longer. Scott Bolton, thank you

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Speaker 1: so much. With a on a is he looks two

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Speaker 1: seven at the risk it might gets like Brussels happened yesterday,

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Speaker 1: you know yeah, I mean I understand was weeks ago,

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Speaker 1: and it literally feels like it happened yesterday. I mean

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Speaker 1: still The following from Scott Bolton with a on as well,

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Speaker 1: futures negative three our futures negative twenty one yields in

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Speaker 1: by two basis points one point seven seven percent. Michael

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Speaker 1: McKee and Tom Keane. This Friday, another hour of Bloomberg's surveillance,