Massive different of Disinformation Campaign against. Astern guida dozens of rockets have been launched into every area of the capital and fires locate themselves in medical and educational facilities. Parents in eastern nigeria say that more and more than one of the girls more than 100 girls are so missing. Todays announcement comes after government officials acknowledged that 50 young women remained unaccounted for. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Live from bloombergs headquarters in new york. Have 30 minutes from the close on trading here in the u. S. Stocks holding in the green, stocks a fourday win streak in the end yang high. The question is, what you missed . President donald trump is adding to his gun control approach. He calls for giving bonuses to teachers to carry guns in the classrooms and supports the polls could be helping investors who want to get in on the cryptocurrencies. Mixed messages from the white house. President trump he may have changes stance on gun control this morning and a flurry of tweets, advocating for raising age for purchasing guns to 21, banning bump stocks and stricter background checks. Where the president will be speaking tomorrow. Theres a somewhat information in there. It is a politically sensitive time. What is the tone and sentiment like question mark like . President trump speaking earlier today and spoke after Wayne Lapierre spoke, the head of the nra. Wayne lapierre doubling down on the policy proposal by the nra which is to arm teachers in the classroom. Vice president mike pence not taking a position on that. Fromuld raise the age people being able to get a weapon from age 18 to 21. He suggests that he supports what the nra and teachers have weapons, but really saying he anticipates issues like mental theth and increasing National Background check system. How much dissent is there in the room . How many are supporting the nra and other gun rights supporters are against . I was speaking with two strategists just before i came on and to be quite frank with you both are speaking in a different tone than other mass shootings. There does not seem to be some type of impotence to get a piecemeal legislation move and also the tone of the gathering is different from years past when i covered it. Power, what are we going to do with it . I think the tone is little more sober because you cant just attack the other party that is in power. We have to talk about what we have done and what we plan to do which is Serious Business because our problems are concerning. It is not just gun control that they are discussing. Prominent things are the midterms and ways that republicans can hold on to all three branches of power. What is the main message that republicans plan to take . Targeting nancy pelosi, believing she is out of touch with how she has attacked the republican tax plan and speaking with the former transportation secretary, they see an opening to get like that Something Like infrastructure done. These particular issues dwarf so much in the room and with goal gun control at the forefront, lawmakers return next week and they have to also take on immigration, so the window for infrastructure, despite the white house statements we have , that window gets much more comew as the other issues to the forefront. Im glad you have mentioned immigration is an issue. I was just looking at the speaker list. Nigel, we know from u. K. , but , what message pen is being push their . It is a great question. At the fruit previous cpac that i covered, that populous streak has been nonexistent, so you really get a sense of how President Trump is influencing the current state of the Republican Party by these on speakers who have been coming and are speaking at this form, so itll be interesting to see how they are greeted and perceived by this traditionally younger crowd of conservative activists, but it will also be interesting to see how they mesh with some of the other prominent republicans who are running for office in some of the midterms and how they plan to adopt some of that rhetoric in their own messages in the midterms. Thank you for being with us. Lways coming up, a discussion for optimism and growth after todays earning statement. From new york, this is bloomberg. Time for Bloomberg Business flash. A look at some of the biggest stories right now. Factors andid today distributors one of the largest providers of index funds, like rock has significant investments and gunmakers. Stocks. To the best in may containtt on more clues about the billionaires succession plan. In general, he named greg abel as vicechairman. That led to speculation that they are the frontrunners to be his next ceo. Kumar got ultra was chosen to lead after the former chief lefty follow left the automaker after following an investigation. Berkeley has paid its investment makers 14 less than men. Also said 26 less than men. Jes staley said the bank is doing its part towards gender equality. That is your Bloomberg Business flash update. Talk about that. I think it leads to some context. There are mormon. He says the men and women are being the same thats paid the same amount. Of course, that gets to the question of why there are many more men and why they are at higher levels. If you go through all of the different professions, i have to wonder whether you will see a lot bigger proportion of men than women. An apples and apples comparison. Joes laughing at me. There are some more men than women in another itself. That is a whole different angle. Mornings on his report was released to investors. Revenues fell less than expected. Jes staley joins anna edwards and discussed how 2017 wrapped up. Just for quickly. We closed 10 . We are very comfortable with. Thebig news is we ended restructuring of the bank. 2018 with a clean operating model. Also, very Strong Capital position. That is above our target in state and the first time we have done that in a long time. What that is going to enable us to do is that in 2018, we plan 6. 5 to rickd of that is more than doubled and will be paid in 2016 and 2017, so we feel good about that. The first part of january and february, volatility came back. Marketsgood for the business, but way too early to give any indication. That, what are . He talkedtations about tangible equity for the business as a whole. Is that going to be a challenge or a stretch . I dont think so. Of 5. 76 . Ed a return points areasis really advantages we will have an refinancing liabilities of the bank. We have a lot of expensive liabilities. We have higher Interest Rates in both the u. S. And the u. K. And that will play into that number. Noncore, very poorly is closed. We had to spend over 600 billion pounds in 2016 that will not be there in 2019. 75 basis points will come from reducing costs. That is well off the rate in 2017. We have very good visibility of where those cost reductions will come from. Roughly half of that will come. Rom the consumer business our german car business is doing very well. Revenues were up 10 and very importantly in our u. S. Car business, they were up 12 in the year. We have great programs doing very well, so we feel quite confident. So you have some cost levers you can pull. What feedback are you getting from shareholders around her ability to close that gap . Are they with you on the long haul . We appreciate the support that weve got from our Shareholder Base or it i think another aspect of the story is they are looking for barclays getting into a position where we can return excess capital, so hopefully shareholders will take comfort from the fact we are increasing our dividends as planned a significant amount. We are also going to talk about the bank is going to start to look at buybacks. That is down the road. We had recognize we have an obligation to return excess return to our shareholders. That was geoff davis speaking to our own anna edwards. Shares of avis are unexpectedly higher. Abigail doolittle joins us. While was driving this again . It is interesting for a reversal for a company that had 21 nished for a hundred in a big way. They did announce, but there were details that came around that there is from oppressing there for the company. There were also held back by a tax overhaul. There are huge short interest, not just avis, but also hurts. A 20 s, there is interest, so some incremental positives there, again, largely priced in now that it has come true, there are bears wanting to get out. That is a really interesting question. I dont know the answer to that. The idea that they added to the fleet, so a lot of analysts were expecting it to stay steady and and showhey added there is a lack of discipline on the part of industry executives. I was wonder about ridesharing. On to a new city it is interesting that you are saying that. That is a piece as to why investors have been steering away from it. Something else interesting is the companies have fleet of cars and why arent they selling their cars to the Ridesharing Services or even renting them to the Ridesharing Services . Perhaps. Pportunity, up next, Weight Watchers getting the taste of the kardashian tumble. This is bloomberg. Snapchat cant keep up with the kardashians. Kylie jenner added to the companys woes, sending shares sliding with just one tweet. Talk us through. It was going so well and all this optimism cameroon by kylie jenner. How . Snapchat certainly in a very news ont spot, so any design troubles will cause investors to spook and run. That said, halogen or is a very inferential influential presence on social media figure on social media. The fear is by sending this tweet, it can have a downside. Ffect they feel others will do the same. I know that millennials are none too happy about this snapchat redesign. Is she speaking for a lot of people . There was even funnier people getsigned a petition to changes reversed, but this is and over we see over again. It is a historical pattern for users to really lash out when social media platforms may change. We see this with twitter every month and if we use facebook and Mark Zuckerberg against making strong changes. In other words, twitter has struggled to make sweeping changes to read because of that, they have had stagnant user growth grade what does this say about snap . Tweet couldt one erase one point 1. 5 billion in hours. It is not clear if it can expand its user base beyond this 24yearold user base and attract older ones and get advertisers to sign on to this little bit ofor context, i publish the story reporting that twitter was king on a snapchat tile style camera design. Tos caused snapchat shares fall 5 that day. When the facebook head of abs ads goes to twitter, is this part of why investors have got more excited about twitter . They realize this is where a lot of people go. I think that is a fascinating point. It is a place where a lot of influential people go to make their statements. Toward are struggles with the problem of monetizing that sort of communication. Seemoment she tweets it, we Media Outlets putting this tweet on to their cap form, so that does not encourage people to signup and logged in to twitter. Twitter still is not making money. The market closes next. This is bloomberg. [applause] the 10 year yield at. 91 if youe weisenthal and are tuning in live on twitter, we want to welcome you to our closing bell coverage ever we do from 4 00 p. M. To 5 00 p. M. Eastern how will give you a look at stocks perform. What we seem to be seeing is patent building here. We have to dow high and the nasdaq slip into some negative territory. Whatever it is, it is turning into a trend. We lose momentum in the second half of the session, but more broadly, flattening the yield. Urve snap definitely is the first one. Upres sinking today, wiping more than 1. 3 billion. Why . Kylie jenner. She says shes is not open the app anymore. Revenue projected revenues will fall short. The response seat and painful. More than 17 and avis had a wonderful day, up more than 14 because of short wagers. They did report more than expected earnings. Stillie jenner did say i love you snap. Lets look at government bonds. Yesterday was pretty active. Today, we got a little bit of a the bloomberg dollar snapping. Fourday win streak we did see a broader pullback that hit asian and european markets. I think we should bear that mine bear that in mind. The Canadian Dollar pulling to a most of18, reversing that. You can see relatively unchanged overall. We had sales unexpectedly declining. The december report coming next week. Climbing for tents 4 10. Ae fact they havent had government for so long is concerning their. See a steep drop for more than once. You were talking earlier about safe havens. Finally, on those commodities , green across the board. Oil up 1. 5 . Still hovering over 1300 an. 6 andd copper up those are todays markets. Lets bring in some market moves. Great to have you with us. Give us your perspective on what we were seeing. The interesting thing is it has been a yield move. All this is also talk about inflation, but the data is not backing it up. Perhaps there will be a lot more growth and there will be keeping it people beginning to or about the budget situation. Agon hassett said minutes he was talking about how he could reach 3 growth. The you agree . Do you agree . A it is not going to be material difference. Growth has been so weak. Can the tax reform efforts, especially to the extent of which it accelerates Capital Investment expand the economy . Drives the if it right incentives. If Companies Take an investment in employees or capital equipment, they try to make themselves moreductiv and of course, companies are always trying to make himself more productive. That is what competition does. I think it can help things. Fresh work is into the workforce. We have seen the shift in volatility there. The simple thing is volatility purity have some moving parts in the economy. You have the Unemployment Rate very low. All of a sudden, people realize that the level of volatility is not the right level. That just silly to have level of volatility when you have that many unknowns. Could there be an earlier downturn in the economy and when do we see that . I dont think so. Allow rate we wont hikes, but if we do see that many, we are probably seeing a response to higher growth. Wendy that hikes rate, what theyre trying to do is maintain a longterm, lower Interest Rate. Me about the u. S. Consumer consent and sentiment. To what extent were talking about wage gains, people anticipating benefits, despite the negativity going into it. Are we underpricing the impact of stimulants . I think we are underpricing the potential. If you look at the Consumer Sentiment numbers that came out, what we see is the first two weeks of february, consumers are saying there more confident in their ability to retire. Becausedid not happen of the tax law, im not sure about the expedition. Explanation. Cycle speed up or slow down . Think it extended it. If you look at the last two these are twory of the longest recoveries in history. Is itk the easier answer is most likely going to extend the cycle. Thank you so much. Some breaking news passing the bloomberg right now. See the adjusted the gps that is better than expected. 181 and coming in at 40 . In at 14evenue coming and a half billion dollars. He estimate, 13. 5 up personal systems revenue 18 . Perhaps, no surprise that investors like those numbers there. We have revenues higher in the byimate on that just higher 7 billion. 34. Adjustment coming in at the estimate was that 22 gains in right now we are hired by more than 12 . As a mention, at the on the revenue line and on the adjusted. Pretty impressive there. Rate. Ing up, inflation or what has the biggest impact on market outcomes . We will see the impact right after this. This is bloomberg. Trump called for paying bonuses to teachers who carry guns in the classroom, inc. Bracing a controversial proposal to , theyhite house meeting discuss School Safety in the present said you cannot hire enough security guards and teachers should carry concealed weapons and nobody would know who they are. He said that teachers would go through training and could get a bonus. Nras when lapierre said to heighten the security presence to the level of sporting events and federal buildings. Lucky are also took on the nras critics they hit the nra and the second amendment. They hate individual freedom. In the rush of calls former government, they have also revealed them true selves. Theelites dont care about School System and schoolchildren. , what theyly cared would do is protect them. Wayne love here said to stop a bad guy with a gun it takes a good guy with the gun. Tensions in the middle east have increased since President Trump recognizer islam as israels capital. In the united nations, some have said the declaration washington has forfeited its role. They want to you that. They just need to change for me to help them more. Who is going to take the United Statess place when it comes to brokering between two sides. Earlier this week, the u. S. Comeation was in jordan over they met with the king. Theresa may gathered her cabinet members today for a marathon meeting to find common ground. Retreat outside of london. The conservative government is divided between supporters who want a clean break and those seeking closer ties. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Just want to recap some headlines. We saw some after our moves. Let me take you through hp. They have beaten as far as adjusted eps is concerned. Wasconsensus on that number . 22, but it is not about the performance we have seen. They have upgraded their forecast to the second quarter. The consensus was 26 so for the foyer what about pushing some cash back to shareholders here . The hope is to worsen to return 7 billion. Wifes hp has been met with hasticism because it concentrated on the industry which has struggling. It has been working. Youe will continue to bring updates, but right now a solid performance in afterhours trading. Prices have a stronger relationship with core market outcomes. Then, always a pleasure to always a pleasure to have you on the show. Inflationat higher can lea