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

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Speaker 1: dot Com the radio plus mobile last and on your radio,

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Speaker 1: this is a Bloomberg Business flash. And I'm Karen Moscow,

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Speaker 1: US stock index future as they are a little changed

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Speaker 1: this morning. Let's go to the first Word breaking news

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Speaker 1: desk for today's morning call. Here's Bill Maloney. Good morning Bill,

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Speaker 1: Good morning Karen. US futures are quiet today, deaf you

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Speaker 1: just currently lowered by five points says to be stropped

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Speaker 1: two and as a futures hired by a point US

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Speaker 1: ten yield at one point nine six percent and main

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Speaker 1: upayer markets are trading mixed this morning on the US

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Speaker 1: Economic Frinday thirty housing starts and cp I at ten

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Speaker 1: thirty energy inventories. And at two o'clock your f O

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Speaker 1: M C rate decision. After Debella's night CHAPULTI, sis Q

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Speaker 1: one loss, February comp sales trailed estimates and Oracle earnings.

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Speaker 1: War mixed is also buying back and added ten billion

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Speaker 1: in stock. In other news, p By Energy raises going

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Speaker 1: concerned doubts in a filing shares it down thirty eight

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Speaker 1: percent pre market. Finally, some of your key Wall Street

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Speaker 1: upgrades and downgrades, Politic group cuts on your perform at

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Speaker 1: Bank of America like Mason raised out perform at Credit Suites.

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Speaker 1: Kellogg raised the neutral like Woman Sachs at Morgan Stanley

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Speaker 1: Gap cut to underweight, mosaic and LinkedIn cut to equal weight.

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Speaker 1: Find the h CP cutting neutral versus by over at

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Speaker 1: ubs live from the first breaking news dast gone, Bill Maloney, Karen,

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Speaker 1: all right, thanks bailing to hear live breaking news over

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Speaker 1: your Bloomberg type squawk go on your terminal that says

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Speaker 1: you you a w k go and that's a Bloomberg

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

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Speaker 1: surveillance is busy fed day. N't you buy investco Looking

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Speaker 1: for investment views? Experienced experts are just to click away.

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Speaker 1: Go to investco dot com, slash us to subscribe to

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Speaker 1: the investco blog and follow at investco us on Twitter.

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Speaker 1: Michael McKee and I we digress from our fed coverage economics,

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Speaker 1: international relations to look at. I mean, I'm trying to

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Speaker 1: envision Chuck Todd on the Wisconsin primary is total focus

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Speaker 1: will be what would the Green Bay packers do? Greg

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Speaker 1: Ville has a more balanced view, Well he does. I

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Speaker 1: should note Tom that Amy Morris's messages in from Bloomberg

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Speaker 1: in Washington. You were referring to the National Mall than

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Speaker 1: thank you. I carry you know. I'm sorry to bring

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Speaker 1: a tourist. I'm all wound up about Greg. I want

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Speaker 1: to talk not about what is happening in politics, but

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Speaker 1: what's happening in the people, with the people who are

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Speaker 1: actually in charge of governing this country. I don't want

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Speaker 1: to say they are governing, because what I want to

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Speaker 1: ask is a failure of them to do their jobs.

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Speaker 1: The Federal Reserve is short two members, and the chairman

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Speaker 1: of the Banking Committee, Senator Shelby, has so far refused

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Speaker 1: to consider the president's two nominees up until the beginning

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Speaker 1: of March, because he said I have a primary and

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Speaker 1: getting myself renominated is more important than phil ling government jobs.

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Speaker 1: He won the primary, and now he says he's not

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Speaker 1: going to consider the nominations until the President appoints a

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Speaker 1: vice chairman in charge of regulatory policy, which the Dodd

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Speaker 1: Frank Bill requires, and the President has not done. Um,

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Speaker 1: what is what's going on down there? What is the

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Speaker 1: Senator shall be trying to do or trying to prove? Well?

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Speaker 1: There are an awful lot of antagonists who don't like

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Speaker 1: the FED, who want to occurb the fed's authority, change

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Speaker 1: the way it raises or lowers interest rates and things

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Speaker 1: like that. And Shelby is one of the ringleaders. So yeah,

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Speaker 1: he's he's holding up to nominations that makes it more

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Speaker 1: difficult for the FED. And I'd also say Mike that

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Speaker 1: there's another big story that's beneath the radar screen, and

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Speaker 1: that is a budget in the House apparently has failed,

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Speaker 1: not because of differences between Democrats and Republicans, but because

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Speaker 1: of different differences between Republicans and Republicans. So where does

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Speaker 1: this leave us? I mean, are we gonna uh see

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Speaker 1: government by lack of government grinder Hall because there's nobody

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Speaker 1: there to turn the lights? Yeah, it is. It's it's

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Speaker 1: a very exasperating story. And I think that you know,

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Speaker 1: you're in the final year of an eight year administration.

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Speaker 1: I think people have started to run out of gas.

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Speaker 1: You've got a fellow reserve that needs, as you suggest,

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Speaker 1: uh to be uh replenished with new members. You've got

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Speaker 1: gridlock on the budget and on Capitol Hill. So it's

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Speaker 1: gonna it's gonna be a year that would probably reinforce

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Speaker 1: the argument of a candidate who says things are broken

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Speaker 1: and need to be fixed. Well, okay, things are broken,

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Speaker 1: you need to be fixed. And I got a chart

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Speaker 1: that I've been showing around greg a lot that shows

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Speaker 1: long ago and far away. In five we had three

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Speaker 1: point seven percent real GDP, and now we're joining a

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Speaker 1: run rate of one point six is maybe up to

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Speaker 1: two g d P. The candidates, to me are so

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Speaker 1: wrapped up in her defense. Secretary Clinton talks about US,

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Speaker 1: I mean, netly, she's addressing a holistic view versus some

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Speaker 1: of the other polarities we see, including her candidates, her

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Speaker 1: competitor Sanders. But within all this is very little talk

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Speaker 1: about economic policy. Why is that? It astonishes me that

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Speaker 1: you look at this very un serious campaign, people not

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Speaker 1: talking about tax ref him go toeing, economic growth, a

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Speaker 1: wide range of issues. You could say, even in a

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Speaker 1: heroine in rural America, there are a lot of big

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Speaker 1: issues that nobody is talking about. And the fact that

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Speaker 1: this economy still can't grow better than low twos at

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Speaker 1: best on GDP, I mean, that's a big deal. And

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Speaker 1: and the the absence of any alternative from Hillary is

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Speaker 1: one of many reasons why she's not a shoeman. I

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Speaker 1: gotta ask you. This morning, Um, President announced he's going

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Speaker 1: to announce his Supreme Court cominy. Reports are he's going

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Speaker 1: to choose between Merrick Island or Srinavas and was confirmed

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Speaker 1: ninety seven to nothing to the DC Court of Appeals.

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Speaker 1: He would be the first Asian American appointed to the

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Speaker 1: Supreme Court. Uh. Is there any chance that the fact

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Speaker 1: that Republicans supported him in the past would incline some

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Speaker 1: of them to actually give him at least a hearing.

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Speaker 1: It's pretty slim. This is something where a lot of

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Speaker 1: people disagree with Mitch McConnell. If if the Republicans are

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Speaker 1: going to run on a platform that Washington is broken,

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Speaker 1: well they're part of the breakage. The fact that they

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Speaker 1: won't even consider anybody that you could nominate Mother Teresa

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Speaker 1: and there aren't going to be hearings. I think I

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Speaker 1: think McConnell has made a mistake. You know, if he

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Speaker 1: wants to kill it, he can just have slow hearings

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Speaker 1: and then have the July brain his break and it'll die.

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Speaker 1: So Mr Bill past Force, these two candidates, I mean,

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Speaker 1: we've got a most interesting to use a very general phrase, folks,

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Speaker 1: immigrant candidate with first order academics, and then we've got

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Speaker 1: another person as well. What's the choice set there for

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Speaker 1: the president at eleven am. Well, everything's political and he

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Speaker 1: wants to influence the debate, the discourse and the follow elections.

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Speaker 1: So by nominating an immigrant, I think he reinforces in

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Speaker 1: people's minds the differences between the Democrats and Donald Trump.

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Speaker 1: Greg very valuable, Thank you so much, greatly appreciate it.

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Speaker 1: No doubt we'll have him on often. As we moved

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Speaker 1: to Wisconsin as well, we shift to the FED. We'll

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Speaker 1: be doing that through surveillance. This morning at one pm.

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Speaker 1: Michael McKee myself a Scarlet Foo with Alan Blinder, Randall

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Speaker 1: Crossner and a bond investor named Gross Stay with the

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Speaker 1: Sploomberg surveillance coming up there. With all due respect. Highlight

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