Exclusive insight from Alan Greenspan and ray dalio. You are probably going to lose. Francine and bloomberg at the motor show. All this, plus the weeks most revealing charts coming up on bloomberg best. Hello, i am francine lacqua. Alcome to bloomberg best, weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets take a daily b day by dayk starting at a bold policy step on monday from the people of china. The big story the Chinese Central Bank cutting the reserve requirement ratio by 17 , reducing the amount of capital that banks need to hold in reserve. This is hot on the heels of one of the biggest months of new credit growth in china. Is that a story here . Are completely correct. This is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near terms, it will add to credit growth in china, and economy growp the in the short term at least. The bigger question is what signal will ascend about policy confidence in china right now, and it comes at a time when they are suffering from record outflows. This will not help that cause, and if anything, they will prefer the pressure on chinas foreign exchange, to help spend money to prop up the oil. It is a real bounty to what is going on here. In the near term, this is a sugar hit for the economy, sure, but the bigger picture, this might cause bigger problems going down the line. Vid what signal are they sending . Enda we do not have the picture because of the Lunar New Year holiday, so we do not have a good read. We have not had the big indicators on the key parts of the economy yet. They will come out in the coming weeks. What we have had are some private readings on the business position. They have all disappointed. So the mood music is chinas economy has not gotten off to a good start, and when you see policymakers take a move like this, and perhaps suggests that they are not especially common, either. Emily apple and the fbi have been testifying on capitol hill. Effortse it on isils to reach into this country, task people to kill innocent people in the united states. Of our a huge feature National Security work in a major impediment to our becauseerrorism work even with a court order, what we get is unreadable. Emily were joined now from d. C. By District Attorney cyrus van. What is your thought on the proceedings as they happened today . Mr. Van the inability of Law Enforcement to access devices where a judge has determined that there is evidence in those devices that relates to a crime is having a big impact on our ability to do our job, to constituents, and is having an overall negative impact on Public Safety. We should push rapidly for a federal legislative solution to this issue. Inelieve the interest privacy and Public Safety can be balanced. Im not think it is acceptable to have these devices, knowing that they contain information that is so rightse to protect the of victims to simply be offlimits because of the Technology Companies deciding they wanted them to be offlimits. I think Congress Needs to step in, provide the balance that has with thetaken away recent moves by apple and google, and that is where i think we need help. Lets turn to the race for the white house and the results from super tuesday. It is still yesterday for megan murphy, who has not slept all night literally literally. Bernie sanders taking a the question is how to the strategies change now . We are now heading into a winner take all zone. Expected donald trump to do well as night, and he did. We did not expect ted cruz to do as well as he did. He got texas, oklahoma, and alaska. And marco rubio really had a tough night, so the establishment eying him, thinking he would have a stronger night, they are now left with this option of do we start to think about getting behind donald trump, or do we have sitting senators, lawmakers, saying hold on a second, we need to put all of our money, all of our firepower behind a marco rubio or even a ted cruz. The problem is marco rubio has not shown he can win a state purite. He won one state last night. How beneficial is it that Hillary Clinton can sit back and plan for november . Megan it is beneficial to her that she can try out different strategies. Been Bernie Sanders has a lot of money and can stay in this space. Former ceo of ches Chesapeake Energy has been , large oil and Gas Companies to not bid. We have got the personal story and the other story. Stephanie aubrey got himself in a pickle to begin with. He built his company from nothing to the second largest natural gas producer in the united states. He has been the public face for so long, that to see him face these charges now is an interesting turn of events. Breaking news now, former Chesapeake Energy ceo Aubrey Mcclendon dead, killed in a car wreck. He was indicted yesterday. He was allegedly involved in bid rigging. He had issued a statement that the charges were wrong. The car he was in, a chevy tahoe, was going faster than the speed limit and crash into an embankment. We will continue to monitor this story. Real was one of the leaders in what has become the shale revolution, and we all know that the degree to which the degree of turnaround in u. S. Production, driven by technology, not by government or anything else, but by technology in the private sector, has been one of the most remarkable developments in 100 years. A tribute this morning, a longtime friend of Aubrey Mcclendon, and i quote this is not only a heartbreaking fo day for me but if that day for oklahoma cured i had the privilege of being his partner for 23 years. What happens with tom ward and Sandridge Energy now . The case against mcclendon will be dropped because he has passed away. The doj has made clear that the investigation into this matter continues. Sandridge was not named in the indictment of the other day. They were the other company that west,don conspired allegedly, so we can expect that the investigation will continue. We will have to see whether there are other indictments that come from this. 240 2000 that is the number for the month of february. You have to see if you thousand increase over at least a beat you have to say a few thousand increase over at least a beat. Of 4. 9 . Year low if you include provisions for the month of february and january, job creation is on a 220 8000 average monthly pace, matching what we saw in the year 2015. Tom are these good jobs we creating . Is the question, i suspect some of them are not great jobs, some of them are minimum wage in a little bit higher. The average income of american higher, buteceiving not at a rapid place. I know that the hours work are particularly important. Yes, the Participation Rate went up, and i think the argument would be hardened by that because it keeps going up, and that means more and more people are going back, and reinforcement takes pressure off of their phillips curve and their taylor model, so it is not exactly a robust model from the standpoint of a hike. It may be a robust model from the standpoint of increasing economic growth, which i expect in this quarter to be about 2 . This report under the headline is disappointing. One of the numbers i look at his total number of hours worked, aggregate numbers, so despite a big drop at the top level, the 242,000 increase, the workweek declined, so we saw more people come into the labor force and more people working fewer hours. That could be an interesting development, whether it be more worksharing, whether peoples work hours declined, unless we see wages data, that means their incomes also will not be keeping pace. Francine we will have much more on the apple privacy case a little later in the program. Exclusive interview with u. S. Attorney general Loretta Lynch and apples lawyer ted olson. Coming up on bloomberg best, we look back on some of the weeks most Important Company news. Francine welcome back to bloomberg best. I am francine lacqua. We learned this week that Barclays Bank will be closing up , and we heard the ceo say the monetary markets have finally hit bottom. Lets start with one of the major moves. The sun shares having shares are up the most in seven years. The biggest share of buyback is worth 3. 5 billion. This is as big a buyback as you have seen among japanese is also forand it needs a little bit of a departure from what has been up to these past few years. This is the first time the company has bought back share since 2011. This is a bet by carlos conans board that these are the fears of the company is sitting 18, may maybe overdone, so you are seeing a vigorous wants to date bidding up thers shares that have really been battered up to this point this year. Willrclays has said it sell down to six to 2. 3 interest in 62. 3 interest. That compares to analyst estimates of 5. 6 billion pounds, lets get straight to the ceo. To sell the african business, the 62 stake that you have there. Can you talk us through the reasoning behind that because i can hear the rumors from the market saying this is a fire sale, youll to do it over it period of time. Have you had any conversations, any interest shown in your assets . It is an interesting decision. Barclays africa is a great business. We have enthusiastic colleagues. We are across the continent, so it is a difficult decision. As you noted, we own 62. 3 of barclays asset shares. Far as howr hand, as regular thing, we own 100 in terms of the liability. Look at the capital charges we have come of funding charges, etc. It is very hard to own a 62 of a business where you have 100 of reliabilities. Glencore ceo ivan glaeser nberg saying prices have bought in. Why does he think the bottoming out is happening . Why does he think it will get better from here . We saw the empty stocking. They could feel metal prices going down. No one wants to hold metal as they are then going into d asucts, so they destocke fast as they can. When that cycle ends, and we think it is ending now, pricing starts to list. We have seen evidence of restocking in china, maybe not as as as as happened in asked cycles, but it is still happening from what we can see. Guy how much more juice is there in the tank do you think on the upside . Sell a bullay never market. It is easy to sell too early. Ergs resultsasenb today, glencore has done really well. It has managed the down for and really wealthy are we see them pulling the levers left and right at times. Consumer, oriented growth rather than industrial growth, but it is still there. Shery sports stefanie sports tephanie Sports Authority filing chapter 11. It has big the biggest Success Story among apparel. There is no excuse. When you think about sports, has to be a failure of execution. As stefanie suggests, it is remarkable, in 2006, it was bought by private equity. The dip shows the same numbers about even. Dicks has hundreds more stores. What happened to Sports Authority, and can it be saved . Joe management and execution. s has done a fantastic job. As stephanie said, it is spectacular. You have to hit a home run at this point, so it is not just that mobile that these guys are having such a hard time. This week, announcing plans to purchase a south china post, eyes on another media outlet. Businessijing publisher, tell us about this magazine, and tell us about how it is perceived in beijing, first of all. It has got quite a good reputation. Anotherder comes from magazine, which is still publishing. She left about five years ago to start up financial news. It that isekly magazine well regarded. What is interesting is in the last year or so, they have been moving into areas of financial data. Ad this is not unusual for alibaba. They have previews when they needed it before. The question is, why would you add another publisher . Tim with this publication going after a media empire in china, they are trying to tap into more inn just publishing, but recent times, they have announced that they are moving into deals with other organizations. They bought basically a Credit Rating agency. They have done a deal with a company that is financial database and financial resource, so caixin is moving much more beyond straight text news to adding data and functionality into the offering to the client. Vonnie herbalife shares tumbling today after the company said it overstated the growth of its customer and distributor base. Bloomberg news contributor craig, what are the main takeaways . Craig they made a mistake. They put that numbers on a conference call. It is embarrassing cared i think it is a psychological narrative. People are telling us is not a gap issue. They are not restating earnings, and it does not appear that this feeds into the bigger accusation, which is it is a schema. Not a major problem as far as numbers are concerned. Guy what is bill ackman thinking today . He of course shorted the stock. He says it is a pyramid scheme. What are his thoughts . Craig we have not heard from akron today feared obviously the stock is down. What we are hearing is this does not feed into the idea that this is a pyramid scheme. It is a mistake. Some were saying 70 when it was 30 , 16 when it was actually 3 , so not good. This does not seem to feed into ackmans main accusation. Gipap Francine Francine you areg bloomberg best. I am francine lacqua. We analyzedtt his letter on bloomberg to the and spoke with others about coping with unsettling levels of uncertainty. Annualwarren buffett letter went beyond berkshires nuts and bolts and into politics theories of the rhetoric into politics. He said the rhetoric tt that is a strong statement. It was quite forceful. We have seen this kind of language from buffett in the past, but he went above and beyond in this years letter to discuss why he thinks america is so great, and it really boils down to the fact that we have a capitalist system that keeps marching toward more and more productivity. For buffett, that is just the key factor. He said basically to shareholders, but he is speaking to a wider audience here, that we should put five what politicians are telling us about the state of the economy right now because over a much longer time period, america really has worked out for society. So he avoided, though, endorsing anybody in the letter. Noah yeah. A chance thats people would have been quite mad if he did. The letter is not the place to do that, but you are exactly g into he has 1been wadin politics. He has made it clear that he supports Hillary Clinton and expects her to win the campaign. But the subtext for the letter really was that he was making some political statements here. Francine given the volatility we saw in a chinese markets, are you still a buyer of chinese stocks . Do you think you understand what the exact in game from china is . We are a buyer very selectively. Time in china and in all emerging markets where you have to be very selective, so we are a buyer of select chinese stocks, yes. Francine what is your take on emerging markets . See people saying look, they are cheap, but there is no growth. Mark it depends on where you are looking for it i just came back from brazil, for example, downeople are really just and out. They are sad. That is a wonderful time to be buying when everyone is very negative on the country. Brazil is not going away. I think that is something to look at. Francine what exactly do you want to buy in china, around the world . You are the ever optimist. There is a point where you must think, this is going to turn badly. Mark we love this time of the markets because things look so bad. It is usually the time to be looking at these bargains. The things we are looking at are those strong consumeroriented companies, companies that have a good market share, are growing their market share as a result of services in the industry. They are buying their competitors. Their competitors are going out of business. Those of the kind of companies we are looking at. David i am. How youre making your Capital Allocation decisions this way given the turbulence in the market. The turbulence has been good for us because prices have been moving very a radically, so as very as the financial sector, preview words negative Interest Rate, and that itself a decline in a lot of these Financial Service companies, and it is true that in the short term, more rates and negative rates to not help lending spreads. However, that is not the whole story. In have an increase expansion, lower costs, lower loan losses, and combine this with the way the prices have been slammed since the beginning isthe year, we think there great opportunity, especially when you consider that most of these large banks are in a stronger Capital Position than they have been in a long, long time. So you have a much safer balance sheet, lower loan losses, lower costs, better credit expansion, yet you have a collapse of these prices, mostly due to this fear of negative Interest Rates, which we would see as more of a transitory factor. Stephanie where is the opportunity to make any money . David h through cost cuts, profits, fees as well. But the prophets, yes, on the loan spread itself, which has major channels where banks make money, that is going to be narrower, but it will not be narrower into perpetuity, that mr. Market seems to believe, it will be never were on these Central Banks. Keep the momentum going and jumpstart some of these economies. Are we going to see consolidation in the Banking Sector in europe because there has been so much pressure on some of your rivals . I think in general, the european Banking System has a huge overcapacity. The problem is really to create an environment in which we learn from the mistakes of the past, that not every bank should try to copy the other but rather every bank has to find his own nexto live through the phase. But that means focusing on what you stand for, what you are good at, either by geography or by client segments. Tom your competitors are slashing costs. I would particularly note to mr. , veryr Deutsche Bank strong language, when Everyone Wants to know is how are you going to retain your intellectual and your trading and your banking firepower . What are you going to do in the next six months to keep that talent . the Investment Banking, because this idea of onestop shop is dead, i cannot really buy by the story that people are commenting on competitors exiting. Youre are going to cap the market share. There is veryink little to gain if you do not have the full capacity, and also businesses, the Capital Requirements make certain businesses structurally unprofitable. Therefore, i think you can retain an Investment Banking franchise and extra fees, but you need to pick up which segments you want to be good at. Francine coming up, more expert insight on Financial Markets and economic policies from Alan Greenspan, plus, Critical Issues of Cyber Security that have apple at autoliv he was u. S. Government. That is altered ahead on bloomberg best that is all straight ahead on bloomberg best. Francine welcome back to bloomberg best. I am francine lacqua. An exclusive conversation with Alan Greenspan, who led the u. S. Federal reserve for 20 years. My colleague Michael Mckee sat down with him in washington this week and discussed a growing trend in monetary policy. Alan up to a point, negative Interest Rates have no effect. Why . Because people are willing to a negativeentially, Interest Rate to hold the claims of these particular countries. That is going to change if we go on indefinitely. We do not know what happens when that happens. Michael is it dangerous, do you think, a dangerous experiment for so many Central Banks to do this, does it call to mind the policies of the 1930s . If the wordot know dangerous, but it is clearly nonproductive to have this type of situation. It is a distortion of your big argument about excessive low Interest Rates for a very long warps realime investment. Clearly, if you have negative their capital, investment projects are going to be warped. Tom the corporations you follow with data analysis, are they acting in an unhealthy or improper manner because they have a free lunch from low Interest Rates . Alan the problem basically is, and im sure theyre doing it because you can tell what happened as the qes opened up and the priceearnings ratios rose, we are getting signals, which are distorted because Interest Rates are too low. People are investing in longterm assets when they do under in longterm assets the mistaken view as to what the rates of return have to be. And that means you are going to get misuse of capital. Michael the markets these days seem to be telling us that we are in trouble. Are we . Alan yep. We are in trouble basically because productivity is dead in the water. Francine in another Bloomberg Television exclusive this week, Bridgewater Associates founder ray dalio shares his thoughts on the fate of the Global Economy with erik schatzker. You asked me about investors, so im trying to back to what investors should do. Erik what you think is appropriate, and what they should do. Ray do not compete against pros like ourselves or other people. Do not make asset allegations and move around in the markets because you are probably going to lose. No, you have to have a balanced portfolio. In other words, think about how you will get a balanced portfolio. What you know is that asset class as a whole over a period of time will outperform cash. That is the thing you can be most comfortable with. If they do not, then you have a depression. The only time that has not happened. To know how to achieve a balanced portfolio and that is a whole other subject i do not know if you want to go through. If you are talking about tactical debt, and other words, i could come on the show and say, i think this is good, but if i come on a month later and change my mind because something is happened, i am going to mislead people. So the tactical bets i do not think will be helpful. I would say that we are in an environment in which it is very important to have a will diversify and that will include assets like, to some extent, maybe a little bit of gold in your portfolio. What can i tell investors . Ay to achieve balance in variety of ways that is a whole subject on how to do it and also, i think gold at 5 of your portfolio under the circumstances would be also a prudent thing to do. Prudence is the important thing to do. The reason i am also referring to that as we have a situation where debt is money. Problems as the Central Banks operate. Think of it as another form of cash. One cash has 0 percent Interest Rates or less, think of it in terms of how do you create diversification . This week, the House Judiciary Committee question representatives from apple and the fbi over their dispute of Digital Privacy and National Security, and we were out looking for answers as well. Emilyberg west anchor chang doug deep with the former nsa director, apples lawyer, and the attorney general of the united states. In my opinion, the question is not who is right . But how do we solve this so we have both . How do we ensure our security as a country . Emily is it possible to have both . Keith all things are possible. To thed be laid out American People. Emily do you think apple is being arrogant . Keith i think there is a lot at stake. I can see apple saying if you do one, there is a way to many. I can see the fbi concerned, if you do not do this, we will have a problem in the future. That goes back to the beginning. If apple does this for the u. S. Government, who is to say they will not do it for the Chinese Government or the russian government . Up that wee come come up united states, come up with a balanced solution, perhaps we can help apple, facebook, and google in europe, asia, and other places. We have had two big a disconnect between industry and government. I am not for a backdoor. I am for a transparent front door that tells the American People first how to solve this problem and then second, take it isour allies and say, this an International Solution that we can work with. Emily you say there is a middle ground between apple and the fbi, and i would love some specifics. If there is a middle ground, where is it . The middle ground between apple and the fbi, or Law Enforcement any company that is where we go to to arbitrate these disputes. There is a difference of the means,s for what the law we go to court, and that is what we think is the current state of affairs. However, as we discussed, there is the middle ground of discussing this in the larger forum of ideas in our country. Having a discussion about what it means to have both privacy and security. We do it all the time. People expected of us. We can do it in this case also. Emily but Facebook Says there is no middle ground. That does not put everybody at risk. It is not just about one phone it is about every phone, and it is about the future. Ag lynch in the present, we see how we do in fact balance privacy and security everyday. Until recently, apple was able to comply with our requests, and they have some of the strongest he out there, and we have not seen that in those cases, either. We have our finance company, our Health Care Companies all important sectors of the economy depend upon a gripping to protect all of us, every single one of us, but they need to manage that data to also keep us safe and secure. Emily what does a compromise look like to you . How does this play out . Ag lynch it is about how do we access this anywhere . We are applying the same principles as if we are going to go to a home and look at papers. We go to a court and say there is a narrow set of evidence that we need, and here is where it is located. In this case, it is important to note that the customer, the actual customer of the phone is the one who has requested apples help. One way to simply resolve this is to work with the phones customer and work out a way to resolve this issue. The government does not have the authority to require apple to redesign its iphone to disable the characteristics that it put into the system, which is what its customers wanted. Fore is no Legal Authority that now, and one judge has only held that. So there has to be some discussion about how to solve this problem, if there is, but you cannot conscript a private companies such as apple to do something to change its products. We have civil rights to prevent that sort of thing. Emily i spoke with attorney general Loretta Lynch yesterday who said the middle ground is the courts. Let this be decided on a casebycase basis, as it already is, in the judicial system. Under any circumstance, will that satisfy apple . Ted i am amazed that she would say that. It would not solve anybodys problem. You might have one court going one way and another court going away. Comey himself yesterday said this is a problem. He said this is one of the most or the most difficult problem i have ever faced as fbi director, before that, he was Deputy Attorney general. This is something Congress Needs to debate. If you do on a casebycase basis, you will have different outcomes in Different Cases in different parts of the country. Y says theyome have 12 or 13 other cases in which they are trying to do this in federal courts. The manhattan District Attorney said he had 205 iphones he wanted and superior to multiply that by every jurisdiction in the country, a casebycase solution is no way to go about this at all, and i am amazed that the attorney general would say that. Emily is there a middle ground . It sounds like apple is saying there is not. Ted well, there is not a middle ground that i know of that requires apple to go to work for the government. We have a constitution. The constitution does not allow the government to conscript private citizens to invent products or to change the products that they have invented in order for the government to look into the product or to cause the product to do what it wants. Francine you are watching bloomberg best. I am francine lacqua. The annual Geneva Motor Show is usually a selling platform for manufacturers to introduce new car models and talk up the hottest concepts. But this year, the shadow of the vw emissions scandal also haunted the event. Ryan chilcote spoke with many top Auto Executives in geneva, starting with volkswagens ceo. The investigations are going and we are in contact with all of the authorities, especially in the united states, so were looking forward to having results as soon as possible. Ryan there is an idea that you will, with a plan by march 24. Are you confident you can come up with a plan that will satisfy u. S. Authorities in a months time . Matthias the dialogue makes some progress, so we will see what happens in the next weeks and months. Ryan where are you going to find the money to pay for this scandal . You have already said that some of the money that you have set aside will not be enough. You talked about the need to reduce some of the models that produces, costcutting efficiencies. Where are you going to put all of the money . Matthias a very interesting question for you can suppose companykswagen is a which is able to handle the money, and one of the most important things will be to set priorities for the future, kind ofproduct program and kind autonomous driving, so we will do that. That will be a progressive issue. Ryan does what we have seen with vw in the hole admissions scandal and the whole admissions scandal add more urgency into the push for electric cars . We attract attention on the fact that even though the regulators are trying to do the best in order to say what is acceptable and what is not acceptable in terms of emissions, there will always be conditions that the regulators cannot regulate. Also, if you really worry about commissions, the only solution is the electric car. On top of this, as you know prop 21 has come to the conclusion that we cannot afford to have more than two degrees of the heating of the planet, and this means more and more cars. Ryan i am not suggesting you are predatory all, but does this present you with an opportunity . Carlos without any doubt. Ryan they worry about the money that they may have to pay. Carlos i do not want to mention the competitors themselves, but what i am saying is the admissions have become a concern of many people, and a lot of people do not understand what is going on. This creates a space for electric cars. Of course is all of the discussion about diesel and emissions is helping to think more and is moving toward electric cars. Never the less, the majority of the market is still combustion engine, and that is why it is important that we also invest in combustion o engine spirit and the gt has a three cylinder turbo engine. This ano what extent is advantage for a company like yours . S i do not intend to see the discussion as an advantage. Ryan not that you are predatory ial. It is an issue for the industry because it looks that we were all cheating, which is not the case. Clean engines are important for the future, and that is why i think it is not a good thing for the industry. Francine as we wrap up this edition of bloomberg best, lets take a look at some of the charts that tell the story of the week in business. Dicaprio is one of the most popular. Well done. I was thinking, how can we make money . Boughtut this if you the s p 500 in these years , you would have made money because the first year he was nominated was 1993, when the s p rose 7 . And he was nominated for the aviator, rising 3 . Blood diamond, up 3. 5 . Wolf of wall street, up. If you buy the s p on years that leo was nominated, you sat on games. If you bought the year he was gone, you lost. By the way, the year he won an oscar, it is down. Buy when he ist, nominated. A hike eminently, the Employment Data is good, the economy has been approving, but things have really changed the last few months. This is Morgan Stanleys measure tomarketimplied months first hike. The market was implying the hike. Po we height boe it has absolutely surged at the boe, so the market does not see a hike for about 50 months with brexit concerns about the economy, people have really push back their timing for a hike. Costco posted secondquarter earnings that trailed analysts estimates. The stock calling for 3. 5 . Lets see what the numbers say. The largest Warehouse Club with more than 116 billion in annual revenue, but the strength of the u. S. Dollar and falling ethylene prices are hurting costcos comparable sales growth. The white line shows gasoline, which tempted to the red, but has now recovered. Costco is expanding and has 700 stores. It is targeting new store expansion. Where is all happening . Costco has about half the market share on the west coast, so truly dominant there. It has room to grow the south, midwest, and especially the northeast. Expansion, of course, costs a lot of money, and costcos plan is to add about 20 new stores a year. Here is how it has increased Capital Expenditure planning. It is more than double the 1. 3 billion five years ago. Recurring rely on revenue stream, and that its members, because o at the end of the fourth quarter, they had 26,000 new members each week. Executive members pay the highest fees, and they make up more than 1 3 of costcos member base. Worry that these spenders may be showing a slowdown in spending. Francine that is all for this edition of bloomberg best. Remember, you annoys find the latest Business News around the world at bloomberg. Com. Im francine lacqua. Thanks for watching. Welcome to the best of edition of with all due respect. We saw the super tuesday delegate bonanza. We begin with the question front and center this week. What, if anything, can stop the front runner in this race . Get out your abacus is and calculators. We will take a drive down delegate drive. Donald