Moment. Abigail take a look at the dow, s p 500, and the nasdaq, all higher. We are seeing a small amount of volatility similar to what we have seen over the last two being days. Two days. Look at the intraday chart of the s p 500, you can see what we are talking about. Opening steadily higher. The highs at more than 1 . Starting to trickle down. Rates have been lower. Repricing, having to do with valuations. Legislation is not typically thought to be solid for stocks. If we take a look at all of the year,even, ten, thirty we are waiting for a 29 billion auction. The demand has been pretty solid relative to the other auctions this week. Japanese insurers are bidding strongly right now, thinking that rates are not going to continue higher. The sevenyear note auction, 29 billion have come out. Prior to the auction, the issuance rate was 2. 832 . Are looking at the sevenyour option. 29 billion in sevenyear notes. Was the i mentioned high yield rate, 2. 83 two percent, which actually came out slightly higher than that. This is relative to the bid to cover. We are looking at 2. 49 relative to 2. 73 . Finally, if we take a look at the indirect bidders, we see strong, this is a relatively strong auction. Sevenyour yield is still down about three basis points. Thank you so much for the latest with the sevenyear treasury. Lets get more on that. ,oining us is ira jersey Bloomberg Intelligence strategist. 2. 49 is lower than the previous auction. And a 62. 2 to indirect bidders. Compare that to treasury sales earlier this week. Ira we are back to the same kind of demand structure used off you saw in october through december of last year. This is an ok auction. Was a little bit of indigestion in the market. To january, that is not a good comparison. There is a higher volatility riskoff market. you had significantly better results at the end of january. You get the 10year and the 30year reopening. Those will be very telling. There will be a much more duct than wek pro have seen this week thanks to demand. Shery what about foreign interest . Demand may come in when we have somewhat higher yields than we do now. Discussioneen some that may be some asian buyers are coming into the treasury market. We dont get that data immediately. What has been happening in the last several years is bloomberg Asset Managers have been the largest buyer of the treasury. When you look at the data that the treasury puts out for foreign demand, it has been flat the last couple of years. That foreign demand may come back, but it requires higher yields. There were concerns in some quarters that the increased supply would shake these auctions. That didnt happen. Does that make us breathe a sigh of relief Going Forward, or could this build is more and more deficits are covered with treasury issuance . Ira the auctions will continue to clear at a reasonable level. Why we haveeasons seen some of the price action we have over the last month, and since the Treasury Department announced it was going to increase twoyour notes and threeyour notes where the somewhat higher yields t woyear notes and threeyear notes were these somewhat higher yields. The treasury has started to increase auction sizes. It could be a little bit harder at some point to issue bonds at the price where the market wants. Put yourself in the situation of the federal reserve. We have a new chair coming in next week and testifying in front of congress. What information with they take from these auctions . Is this reinsurer does this reassure financial positions . Ira this is not something the fed has to worry about. The fed chair has to worry about financial stability. That these offers are clearing even with higher gilts has to give them some comfort. Yields has to give them some comfort. David thank you so much, ira. Coming up, mixed messages from the white house. With the president and to the Republican Congress move a bit on gun control . This is bloomberg. Shery this is Bloomberg Markets balance of power. Lets go to the bloomberg first word news with mark crumpton. Has President Trump endorsed more control over gun sales in the wake of the for the School Shooting. Would pushnt said he for tougher background checks and screen for mental health. He wants to raise the minimum age for buyers to 21 from 18, although it is unclear if it is for only assault style weapons. Former president jimmy carter is solutionhe twostate in the israelipalestinian conflict has been overtaken by a one state reality which will have dire consequences for israel in the longterm. The former u. S. Ambassador read a statement from mr. Carter to the un security council. The twostated at solution must be anchored on adjustments,with and with jerusalem as the capital for both israelis and palestinians. A Civil Society in new york was theed with eggs outside center for policy and research in west bank. The group was on an unofficial visit. Tensions have been running high since december when President Trump declared the United States recognizes jerusalem as the capital of israel and the embassy will be relocated there from tel aviv. British Prime Minister theresa may is shunning her most senior shutting her most senior ministers away in a room on to force them to discuss what trade deal they want with the european union. Global news 24 hours a day, powered by more than 2,700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. David since the tragic shooting at a Florida High School left 17 dead last week, the question of guns has been the top of the national agenda. I will beent tweeted, strongly pushing a background checks with an emphasis on mental health. Congress is in a mood to finally do something on this issue i h ope to talk about the politics on this issue and other issues weing the republican party, talk to the former communication strategist before marco rubio 2016 president ial campaign. Rubios 2016 president ial campaign. Give us some insight into the politics facing the president. He is really moving on this issue. Alex republicans want to do something on this issue. We are the governing party right now and it is unacceptable to have all these Mass Shootings we are experiencing. What happened in orlando last week was completely unacceptable in a free country. Republicans want to do something on this. Inthe same time, we believe the Second Amendment and that lawabiding, healthy americans have the right to bear arms. Of people the rights to own guns but also keep them out of the hands of criminals and the mentally ill. Most people working with the president are in line with that, including expanding background checks to include mental health. Is not up to the president alone to take the steps. Alex congress is out this week. Capitol hill is a little empty. The debate when they come back is going to be really interesting. A lot of members have been meeting with constituents this week. Marco rubio met with a lot of constituents, many people watching the cnn town hall last night saw one of the most liberal areas in the entire state, meeting with families from last weeks shooting. I expect other senators are having similar experiences. Shery senator marco rubio has softened a little bit on owning guns. Take a listen. If i believe that law would have prevented this from happening, i would support it. I want to expand to you why it would not. [jeers] my daughter my daughter running down a hallway was shot in the back with an assault weapon. The weapon of choice. It is too easy to get and a weapon of war. The fact that you cant sit with everyone in this building and say that, i am sorry. [applause] shery that town hall was very heated. Senator rubio said in an 18yearold should not be able to buy a rifle, softening on raising the age limit to 21. We seeing more lawmakers softening their stances . 18yearolds are not allowed to buy handguns. Should they be allowed to buy rifles . It is common sense they should not be allowed until they turn 21. That is something the state led to stir legislature will move on relatively quickly. Senator rubiohat spoke about and other republicans are talking about includes expanding background checks. Gun control is a tricky issue. Democrats in the past have rejected some republican proposals because they want to go further. And democrats also signed with republicans that represent side with republicans that represent red states. Eid was endorsed by the nra and blocked a lot of them legislation when president obama was in office. Shery but we are talking about Arming Teachers and conceal and carry. Be included in the house given that we have a Freedom Caucus not wanting this . A piece of legislation moved through the house that would ban bump stocks, something that most republicans and the and the nra have said they would support. He house that proposal to make concealed carry laws work across state adjusted thatouse proposal to make concealed carry laws work across state lines. Those proposals. Together is unworkable in the senate. Pairede proposals together is unworkable in the senate. There is majority support for banning bump stocks and passing extended background checks. Those are things that the president and marco rubio are focused on. David we are seven and a half months from a midterm election. World, as youal look out from your experience, is it likely this gun control issue will endure through november so it will be a real issue, particularly in the congressional race . Or will it be about tax cuts or Something Else . Alex it is far too soon to predict. Thertunately, this isnt first mass shooting we have had in an election year. Attention spans are very short and people move on after a couple of weeks. That is part of the reason why gun control legislation has always stalled in the past. Students have been saying they are going to do a march on washington next month. It is completely possible this is a Tipping Point and gun control does become an issue in the midterms. I dont know if that helps democrats at all. I would argue it probably hurts them more than it helps them. There is a special election outside of pittsburgh in a rural part of pennsylvania for a house seats that republicans should win, but it is competitive. Democrats are spending a lot of money there. Big issue inl is a that race, they will have Trouble Holding onto their democratic seats in the states that trump won, worth of virginia,ta, west missouri, wisconsin. If gun control is a big issue in those races, that plays to the democratic disadvantage. David you have spent a lot of time in florida. You know the politics. Towntched marco rubios hall meeting and some students go to the state house and press their representatives there on this specific issue of assault weapons. Is it likely that florida will change the law . Will, atelieve they the very least to raise the aim age limit. I would expect the forger Florida Legislature would make all weapon purchases illegal is 21 years old. That seems like a bipartisan measure. Other activists are calling for banning for certain types of weapons. The Florida Legislature already rejected that since the shooting earlier this week since the shooting earlier. Republicans, who control most of the state legislatures around the country, believe that if you are healthy, lawabiding, you should be able to own a weapon. David thank you so much for your time. Alex conant. Thanks again. Ahead states are under to protect their election systems from cyberattacks. Will they get critical help from the feds . Shery we are seeing a pare back from gains earlier. The dow up 8 10 of 1 . All sectors on the s p 500 are in the green. They are rising in the most global way after falling overnight after the fomc minutes. Live from new york, this is bloomberg. David this is Bloomberg Markets balance of power. Shery states are rushing to election systems to prevent cyberattacks as elections draw near. We caught up with a ceo of fireeye for his take. This threat is here forever. Technical threat during elections we are going to continue how to learn to do more digitalbased elections. Are going to become his and during elections to protect the vote tally. Have a reporter joining us from washington. States doing to protect the election . Officials are trying to provide information to states. It is up to states to turn to the federal government if they want some of those services. Ontes are really counting the federal government to give them information about threats to their election systems, and also about information operations. David is the frustration getting worked out . You say 20 states get affected, which ones . Is that all worked out . Huge gap inre was a communication last year because it took the federal government several months to let states know they had been targeted in 2016. Severalll were classified briefings in washington. Communication gaps are being indged, but we are already 2018 and midterms are around the corner. Primaries begin in illinois and texas next month. We still have to see how much information is going to get out to states and how much they are going to be able to share publicly with their voters. Have been seeing tensions between federal and state authorities over election tampering. That surfaced in january of last year. We have heard from federal officials and Senior Intelligence officials that this years midterms are a potential threat for election meddling . Are they going to leave all evolve . Could they be different, worse . Should we only be looking to russia . Maybe others have learned. Shery that is a scary thought. Thank you very much for that update. Willg up on the show, we have the head of the International Air transport association joining us. Gos President Trumps plan far enough in modernizing the nations airports . This is bloomberg. David this is Bloomberg Markets balance of power. Shery the dow is up. 9 . All sectors in the green. The nasdaq at the highest in three weeks. Last debt sale of a quarter of 1 trillion this week. The yield at 2. 8 . That is down from the sevenyear high that was hit last thursday. Yields are coming down today after spiking yesterday after the fomc meeting minutes. The yield falling after eight sessions of gains. Mark in the wake of last weeks School Shooting in florida, the Wayne Lapierre says the answer to increasing safety in schools is to heighten the security presence to the levels of federal buildings and sporting events. He also took on the nras critics. They hate the nra. They hate the Second Amendment. They hate individual freedom. In the rush of calls for more government, they also revealed their true selves. Americas care about School System and schoolchildren. If they truly cared, what they would do is they would protect them. Mark he added to stop a bad guy with a gun, it takes a good guy with a gun. A longtime Media Advisor to Benjamin Netanyahu appeared in court today over allegations that he attempted to bribe a judge to drop a Corruption Case against netanyahus w ife. Parents in Northern Nigeria say more than 100 girls are still missing three days after suspected boko haram extremists attacked their school. Comes afteruncement government officials acknowledged that some 50 young women remain unaccounted for after mondays attack. In 2014, boko haram of ducted abducted girls from a school in a jury of. Investigating a suspicious package that was sent to prince harry and meghan markle. Substancecontaining a was delivered to the palace where harry has his office last week. The Evening Standard newspaper says that contained a racist message. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Shery President Trump campaigned on fixing the u. S. s crumbling infrastructure. Has the white house released its plan but funding remains up in the air. Are we doing enough to meet demand . Running is now, alexandre de juniac. Thank you for your time today. I know you have a busy schedule. We do wanted to talk to you about infrastructure in the u. S. Weve heard President Trump about selling off some of the airport assets. Washingtons airports are a target. Is that a good idea . Then the usa alexandre usa needs investments in infrastructure. Normally, the number of passengers will grow by 50 the cominge u. S. In years. We welcome a plan. Please, invest enough money and public money to increase capacity and improve efficiency for this infrastructure to be a portable. We pay for this infrastructure. The passengers and the airline, they pay. It is a paying infrastructure. Shery the deal right now is to privatize and selloff these assets. Have we seen any case abroad in other countries where you can balance the Public Benefits and private interest . Alexandre we are favoring the privatization of airports. Australia, south america, there have been bad results. Be cautious when you intend to privatize. Then, you have to find the right compromise. Tore are other means reconciliate the private and public interests. David Laguardia Airport is being rebuilt right now. State willure of the continue to own the land. They are making longterm deals with private interests that provides potential funds. Alexandre it was in a society to it was a necessity to renovate laguardia. Looks very welldesigned. The airlines are satisfied with that. Oure been able to express requests and demands. We think that the balance between the private and public interests have been quite well organized. Favor not against or in by principal, but we have to find the ri