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Speaker 1: Broadcasting live to New York, Bloomberg eleventh Rio to Washington,

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Speaker 1: d C, Bloomberg to Boston, Bloomberg twelve hundreds to San Francisco,

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Speaker 1: Bloomberg to the Country, Shoes at SAM Channel one nine

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Speaker 1: and around the globe the Bloomberg Radio Bust Bloomberg dot Com.

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Speaker 1: This is Bloomberg Surveillance. It is a thirty on Wall

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Speaker 1: Street and Michael McKee along with Tom Keener Economic Indicators

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Speaker 1: Today brought to you by Commonwealth Financial Network. When it's

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Speaker 1: time to change the conversation, talk with a broker dealer

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Speaker 1: r I A that's ready to listen, Call six six

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Speaker 1: six two three or visit Commonwealth dot com to learn more.

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Speaker 1: Here's Vinedale Judais at the First Word Desk, Michael Economic

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Speaker 1: News jobless claims they are up by six thousand a

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Speaker 1: two hundred seventy eight thousand topping forecast. Revised data on

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Speaker 1: fourth quarter productivity, meantime down two point two percent less

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Speaker 1: than forecast, unt labor costs up three point three percent again,

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Speaker 1: jobless claims rising last week up by six thousand to

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Speaker 1: seventy eight thousand. At the First Work Desk, I'm vide

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Speaker 1: de junice. Let's go back to New York Videl junk Uh. Well,

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Speaker 1: I don't know whether you call a move from a

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Speaker 1: negative three percent, a three percent contraction in productivity to

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Speaker 1: a two point two percent contraction is good news or not.

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Speaker 1: I suppose on a relative thesis, but the unit labor

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Speaker 1: costs jop three point three percent is catch people's eye.

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Speaker 1: Can you adjust the mic of our next steam guest?

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Speaker 1: He is um, he's been he's been searching for something

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Speaker 1: to do, moving into spring and summer in onto Cleveland

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Speaker 1: and Philadelphia. Maybe we could get him to be the

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Speaker 1: GOP SR. I mean, I mean, I think there's a

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Speaker 1: job opportunity. I don't. I don't think I'm qualified, but

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Speaker 1: they definitely need somebody go ahead. Where we're watching what's

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Speaker 1: going on with fascination and wondering. Were talking over the

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Speaker 1: last two days while we were done in Washington about

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Speaker 1: how Wall Street is seeing all this, I mean, leaving

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Speaker 1: aside individual candidates, but the fracturing of one party, um,

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Speaker 1: the move to the left uh and in the other party, UM,

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Speaker 1: the people with the money and a lot at stake,

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Speaker 1: how they're viewing all of this at this point I

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Speaker 1: think with fear, in trepidation, I think people on Wall Street.

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Speaker 1: People on Wall Street are basically not that ideological in

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Speaker 1: many ways. They have, you know, they have a point

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Speaker 1: of view, they have they may belong to a party,

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Speaker 1: but they're not extremists. They're kind of pragmatists. They're kind

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Speaker 1: of centrists, a bit like the majority owner of Bloomberg LP.

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Speaker 1: And there's our there's our Disclaimers radio station, uh and

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Speaker 1: and so they view all this with alarm. They they

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Speaker 1: you know, in an extreme case, they worry that we

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Speaker 1: could go off the deep end into into some unknown

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Speaker 1: political area, the way countries in Europe have from time

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Speaker 1: to time. And even short of that, they worry about about,

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Speaker 1: you know, who's going to be in the White House.

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Speaker 1: Mr Trump enjoys, as far as I can tell, zero

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Speaker 1: support on Wall Street. I don't know anybody in the

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Speaker 1: business community, but I shouldn't say anybody, but virtually nobody

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Speaker 1: in the business can be supporting him for any number

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Speaker 1: of reasons. I think on the Democratic side, things have

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Speaker 1: gotten a bit what I would call better, in that

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Speaker 1: I think Hillary Clinton's path to the nomination is now

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Speaker 1: quite clear, and so while she may have moved a

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Speaker 1: bit to the left during this primary season, I think

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Speaker 1: I don't think we're gonna have a socialist as the

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Speaker 1: Democratic nominee. But Steve, right now, that's the issue. You

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Speaker 1: nail it. Absolutely. People shift through an election year. Do

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Speaker 1: you see any perception that any of the three Republican

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Speaker 1: front runners right now can shift as Raygan did, to

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Speaker 1: the middle of this nation's psychology. I would say, I

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Speaker 1: would say, I think I think it's possible that Rubio

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Speaker 1: can and and I don't know whether this is a

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Speaker 1: backhanded compliment, but I think he's shown that he is,

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Speaker 1: how shall I put it, flexible in his opinions, pragmatic

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Speaker 1: on immigration. As you know, he's had a variety of

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Speaker 1: opinions on choice, He's had a variety of pro choice, choice,

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Speaker 1: choice versus life issues. He's had a variety of opinions.

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Speaker 1: So I think he is capable of moving. Ted Cruiz

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Speaker 1: is a complete extreme idealogue who in some ways would

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Speaker 1: be worse for the Republican Party I think in a

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Speaker 1: general election than Trump, and Trump has Trump has deep

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Speaker 1: psychological problems that make him really unfit to were a

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Speaker 1: student of our history on this, I think of William Jennings,

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Speaker 1: Bryan or any of the other movements coalescing eight forward

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Speaker 1: coming out of the civil or the word the last

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Speaker 1: few days has been movement. If it is a movement

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Speaker 1: that Mr Trump is affecting, how to institutions staunch that

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Speaker 1: movement so it doesn't get over thirty x percent of

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Speaker 1: the electorate in the long run. This is what I'm

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Speaker 1: about to say. Has been discussed many times, but but

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Speaker 1: what seems very clear to all of us is that

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Speaker 1: Trump represents a group of Americans who have not done

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Speaker 1: well economically over the last five, ten, fifteen, twenty years,

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Speaker 1: who feel marginalized, who therefore feel threatened by immigrants and

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Speaker 1: things like that, and makes them more nativists. And the

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Speaker 1: way to deal with this is not there's no short

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Speaker 1: term fix. The way to deal with this in the

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Speaker 1: long term is to take care of these people and

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Speaker 1: find them jobs, help them with increase their incomes, and

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Speaker 1: give them a better life. That's really what that's really

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Speaker 1: what's bothering them? Why are we doing When you look

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Speaker 1: at the markets, there doesn't seem to be any reflection

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Speaker 1: of horror in what's been going on at the in

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Speaker 1: the stock market versus what's going on in the campaign trail.

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Speaker 1: Investors have to discount the future even as they look

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Speaker 1: at this and the negatives that you're sighting with these candidates,

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Speaker 1: is their a view as they game things out, that yes,

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Speaker 1: these people may get elected, but the way the American

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Speaker 1: system works, not much terrible is going to happen. I

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Speaker 1: think there's a few things are going First of all,

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Speaker 1: I think that, uh, the probability of any one candidate

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Speaker 1: getting elected is obviously not even because you still have

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Speaker 1: primaries going on. Then you have a general election, and

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Speaker 1: so if you started doing probability math, I think you'd

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Speaker 1: calculate that the chance of Trump being elected are maybe

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Speaker 1: twenty or between having to get nominated and then having

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Speaker 1: to get past Hillary Clinton. I think the market probably

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Speaker 1: today we guess that Hillary Clinton is going to be

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Speaker 1: the next president, and I don't know that that's that threatening. Yes,

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Speaker 1: she has some different ideas, but she's a sensible, rational person.

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Speaker 1: But I think the other thing you alluded to that

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Speaker 1: the market is relying on is the gridlock in Washington

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Speaker 1: and the fact that it's unlikely that no matter who

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Speaker 1: gets elected, there's gonna be some massive policy shift. Uh.

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Speaker 1: Getting from Congress, Steve Redner, thank you so much. And

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Speaker 1: then Governor Romney you can speaking. This will be cover

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Speaker 1: Michael Barrow have full coverage of this UH through the

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Speaker 1: morning and into the afternoon. Is well onto Michigan and

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Speaker 1: then onto Florida. Look for the announcement of the ratners.

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Speaker 1: Gops are coming from the White House sometime in the

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Speaker 1: near in the near future. Futures negative to down, futures

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Speaker 1: negative ten UH West Texas thirty four barrel. Let's spring

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Speaker 1: in Michael bar and get the latest news. Like Mike

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Speaker 1: tom thank you very much. Former Republican presidential nominee mid

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Speaker 1: Romney plans to deliver some strong words against Donald Trump.

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Speaker 1: Romney plans to call Trump in a speech later today

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Speaker 1: a phony and a fraud. The former Massachusetts governor says

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Speaker 1: Trump is playing the American public for suckers. The excerpts

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Speaker 1: are from the speech Romney plans to give later today

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Speaker 1: at the University of Utah in the bids who dis

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Speaker 1: launched Trump from the top of the Republican Party's presidential race. Meanwhile,

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Speaker 1: Trump fired back on ABC. Trump called Romney a failed

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Speaker 1: candidate and should have beaten Barack Obama. Millions of people

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Speaker 1: are joining the Republican Party because of me, and you

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Speaker 1: know what the republic establishment. Republican Establishment's probably going to

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Speaker 1: give it right back and go back to the old

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Speaker 1: days of Mitt Romney, who couldn't win. Trump will take

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Speaker 1: part in tonight's Republican presidential debate on Fox News. Only

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Speaker 1: four podiums will be on the stage tonight for the

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Speaker 1: debate in Detroit. Ben Carson issued a statement yesterday saying

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Speaker 1: he does not see a political path forward and will

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Speaker 1: be on No Show. South Korean officials say North Korea

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Speaker 1: fired six short range projectiles into the sea off its

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Speaker 1: east coast today. The launches came hours after the UN

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Speaker 1: Security Council approved tough sanctions on pyong Yang for its

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Speaker 1: recent nuclear tests. Global News twenty four hours a day,

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Speaker 1: powered by our journalists more than a hundred fifty news

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Speaker 1: bureaus from around the world. I Michael Barn, Mike Tom,

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Speaker 1: Thank you Michael all the time. Now for the Bloomberg

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Speaker 1: NBC sports update. Here's johns Teshi my greater that the

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Speaker 1: flake gate is back. Oral arguments today in New York

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Speaker 1: as the NFL appeals to a three judge panel. It's

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Speaker 1: lost last year in district corps. If balls were deflated,

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Speaker 1: and if so, how not really the issue here, the

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Speaker 1: NFL will argue Commissioner Roger Goodell had the collectively bargained

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Speaker 1: right to suspend Tom Brady for four games. The Union

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Speaker 1: will contend the NFL made mistakes in its application. Neither

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Speaker 1: Goodell or Brady will be in court, and decision could

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Speaker 1: be many months away. The Yankees exhibition opener in Tampa

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Speaker 1: was a wild one. Yankster down seven nothing ended up

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Speaker 1: winning ten to nine in a drop fly ball in

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Speaker 1: the ninth inning. Manitor Joe Girardi was asked about the

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Speaker 1: month long suspension just given to his new closure or

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Speaker 1: old As Chapman for domestic violence and use of a firearm.

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Speaker 1: The thing to do when you have issues like this

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Speaker 1: is to learn from him and try to be there

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Speaker 1: for people. And I think he's ready to move on.

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Speaker 1: And then he took responsibility for what happened, and he

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Speaker 1: wants to be better as a as a player and

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Speaker 1: a person. Chapman could pitch in spring training, but now

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Speaker 1: in the regular season until May ninth. Yankees and Phillies

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Speaker 1: today and the Mets opened up with the Nationals March

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Speaker 1: Madness Conference tournaments underway in the Northeast Winds for l

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Speaker 1: I youth fairly Dickinson and the top scene Wagner St.

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Speaker 1: Francis was nounsday in America East top seed stony Brook

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Speaker 1: moves on and gets help when second seed and three

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Speaker 1: times defending lenk jamp All, but he got upset. Seaton

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Speaker 1: All's four game Winsbay came to an end at butler

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Speaker 1: Fordham beat Ducane. Rutgers still winless in the Big Ten,

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Speaker 1: had to play second rank Michigan State and lost by

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Speaker 1: thirty one. With the Bloomberg game, be some sports update,

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Speaker 1: I'm John Stash John, thanks so much. A future is

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Speaker 1: thinking of two deaf futures at negative thirteen again a

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Speaker 1: churn all in all to the market. You really gotta

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Speaker 1: believe we're slotted into a job's day move. As we

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Speaker 1: moved to eight thirty tomorrow morning, Alan Krueger and Bill

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Speaker 1: Gross will join us UH to review that data. I've

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Speaker 1: got to scroll down here to get to a thousand

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Speaker 1: is the final sample. We make it a tick on

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Speaker 1: that here as we get to tomorrow, U with the

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Speaker 1: unemployment rates similar four point nine per cent. Michael McKee

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Speaker 1: and Tom Keene coast to coast worldwide Bloomberg surveillance Blieberg

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Speaker 1: surveillance is brought to you by NYCB as about their

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Speaker 1: my community interest checking with free NYCB online and mobile banking.

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