Julie is that a thing . Users of Financial Information can we make the holiday . And this kind of disclosure want lets look at the quarter. It very much, but they do not e a coherent train work just atwant to look glad framework to receive and u. S. Stocks, but around the understand it. Ool are of the st globe. One of the few major benchmarks around the globe in developed markets where we have seen a positive return. Regulators concerned about the with the latest recovery that we potential Financial Stability and impact of large have seen, it is up a little more than 1 . Climaterelated risks that are undisclosed. The stoxx 600 is down by 8 here we are trying to solve three the nikkei down 12 . Problems for three constituencies with one solution the shanghai composite down 18 . Down 15 . The obligation to make this kind of disclosure is already there. Were trying to find a tool to going back to bill gross, in do it more effectively that terms of equity investments. That is what it looks like when gives us usual information for the First Quarter lenders, underwriters, and investors. Alix that was mary schapiro, performance. The head of the fsb task force. The world market cap, because of the under performance, it is still down for the year to date. Ofing up in the next hour you can see 1. 7 trillion dollars Bloomberg Markets, the fitbit has been wiped off of the value year. Bal market cap this ceo will sit down with cory even if we have seen something of a recovery it is till eight negative return yeartodate. Johnson in San Francisco. Share prices have been off of outside of equities, we have low since the ipo last june. Seen a positive return through you dont want to miss the oil and gold year to date. Interview at 1 20 p. M. In new having its best york and 10 20 a. M. In San Francisco on bloomberg radio. Quarterly performance going all the way back to 1986. Oil has climbed 50 from its lows of the year, giving a total year, giving a total yeartodate performance of 4 . The dollar has been lower, which is one of the things that has been helping the commodities. Alix really, oil and gold having such a great quarter is unbelievable. Julie what led up to it was also unbelievable. No one seems to want to take on big positions at the end of the quarter. We are seeing a little bit of a of, but not much. The nasdaq is the leader. It has been a laggard year to date as we see more traction in Technology Shares since the bottom in february. Today, we are seeing a similar trade to what we have seen your to date with oil and gold higher. Oil rebounding from recent losses. The dollar is showing weaker. The Major Trading partners a little higher. Higher versus the pound, and the yen, lower versus the euro. Hyman. Hank you, julie this check in on first word news with mark thompson. Mark crumpton. In turkey, and explosion near a bus terminal in a city. Sh a large number of ambulances were deployed. Bombews agency says a car turned into a bus transferring police and blame terrorism using the designation for kurdish rebels. It took place as the turkish Prime Minister held talks with Vice President haydn at the sidelines of the Nuclear Summit in 10. It is the fourth such gathering president obama has hosted focused on preventing nuclear terrorism. Is the ceo of the Nuclear Threat initiative. Senator nunn spoke to Bloomberg Television this morning. Nn the United States and find a way to cooperate. We have to agree to form a working group, intelligence and Energy Departments with both countries to prevent isil or any other Extremist Group from getting control of weapons of mass distraction. Nunn says obtaining weapons grade material is the biggest obstacle for terrorists. The Brussels Airport will remain closed until tomorrow for passenger flights. They are evaluating temporary repairs made after last weeks terrorist attacks when the bombs destroyed the checkin area. One it is reopened, the airport will only handle a fraction of normal passenger traffic. Donald trumpon and are leading in their home state of new york. Hillary clinton is ahead of Bernie Sanders 54 to 42 alix it is 1 00 p. M. In new according to a quinnipiac york, 6 00 p. M. And 1 00 a. M. In hong kong. University poll. Lcome to Bloomberg Markets 20 . D trump leads 56 to john kasich has 19 . 6 00 p. M. In london and 1 00 the primary in new york is april a. M. In hong kong. Welcome to Bloomberg Markets. 19. Global news, 24hours a day, powered by our 2400 journalists, in 150 news bureaus around the world. Good afternoon. I am alix steel. I am mark crumpton. Ge says it is not too big to stocks are fail and wants the tag removed. Fluctuating heading into the first monthly gain in four it believes its financial months. Business is now too small to be edging closer to the 2100 level, a threat. Fitbit ceo james park joins us a Tipping Point for previous rallies. Live for an interview. Come to market, the founder and ceo of to mark analytics called tesla will also unveil a new for oil to rally off of its 13 cheaper car today, going after year lows. The middle market. The crude is up 14 since then. , whichtend to head to gm on february 23, they called for the s p to fall, and it is up 7 . Is launching its chevy volt emark is tom d later this year. Julie hyman has the latest on this calm day at the end of the quarter. Julie it is a very called day. Joining us on the phone. Look at the s p 500 today and tom it is great to be with you. Thank you for the invitation. The other major averages, not seeing much action. , as well astified the nasdaq is the leader with a gain of 131 gain of. 3 . Of february 11 low, onair all for the like we are set three times, the kerning points in the market. We anticipated because 90 of tightest range of the year thus far. Ofking at an intraday chart the stocks hit bottom from january 22 january 11, we the s p, very tight range here, up only two points for that thought it would be a longer upside move. We straight from the reservation average. In a sense that we did not follow indicators the way we we are still seeing lowvolume should have. Today, 20 below the 20 day average. We said the22 market was vulnerable to a 5 to you can see the volume by group. 10 correction. The only group we are seeing an the reason we said that was the chineseollow uptick in volume is telecom. Market and worldwide markets closely. The Chinese Market was vulnerable of a 10 move that maybe people are waiting for the could happen very quickly and beginning of the next quarter, aggressively. Went up 10 ets maybe they are earning with waiting for earning season. While u. S. Markets are 3 . Bloomberg met the we saw the today trading and 758. Is g btv reset the market will bottom on futures. It did bottom, but unfortunately, interviews and a terrible start to the year with the s p falling 10. 5 media interviews are snapshots. Through its low of the year. Theyre not pictures. Then, we had this enormous rebound of nearly 13 . We strayed from the reservation in that sense. Us down and what has we were going overseas, and we demark our tours the led us back up . I lead analysis to the biggest apology tours. Contributors to the declined by arere back in sync and we index point. You get some stocks like amazon, to what we believe is a high. For example. This is in alix looking at the s p now index points. Versus october, they look the amount they took off the relatively similar. S p. Bank of america and microsoft. We had 16 higher closings then and 17 now. Also, banks are presented here. Chart, what are take a look at the stocks that your indicators telling you . Contributed the most to the periodsween the two gains since then. Three of the same names. A lot of the reversal is due to there were four successfully this turnaround a large cap technology. Particularly ge come also on higher closes and six successfully lower closes. That list. That same movement was witnessed financials have not turned off of the january low into around quite as sharply. February before the six lower closes. We are following that model. That still come at the nasdaq is the laggard year we rallied 13 . To date from the lowest on the year to date. Currently we have rallied 14. 5 alix thank you very much. With 17 higher closes. Lets check in on the first word we have decoupled in the last news this afternoon. Turkish News Agencies weeks, but our work is showing Market Indices report that Six Police Officers were killed in an explosion that abroad, which bottomed in the january february period and appeared to target a vehicle carrying special forces and write police. Countered for the expectation that stocks would go up, are riot police. Showing us that we could be today,a top as early as when he for people come including civilians, were wounded in the attack 24 provided we make a higher higher people, including civilians. Today than yesterday. More likely tomorrow that could happen. Brussels Airport Police say they it looks like because the bottom was so widespread positive that criticized security long before the markets, after a correction, last weeks terror attacks. They sensedned that good start up again. Alix lets drill down for the correction part. Strong daily signals about the if you look at what happened in lack of security. Police warned of too many october and now, after we hit the top in early november come airport employees having the s p fell 13 into the criminal backgrounds. The death toll is 21 in the collapse of an overpass in india. February low. Are you anticipating that kind of decline when the market tops out . Tom we can tell. This is unusual for us because dozens of other people were we are specific and precise in injured. Our forecasts. We will have a better idea next Bernie Sanders has raised nearly 40 million this month. Week. It looks like it could only be a 5 decline right now. Hes hoping to top the 43. 5 million marquis generated the market, and mark degenerated in the very potentially going higher. It is not conclusive. Look the other thing you he generated in february. At for an indicator is the russell 2000, the small cap the money is key with primaries looming next week in wisconsin stocks. What kind of action do you expect . Tom it could get as high as and april 19 in new york. 112. 52. We are currently 111. We have 1 or so upside side. News 20 hours a day powered by our 2400 journalists we have a little more upside in more than 150 news bureaus there and were looking at around the world. Alix General Electric is on the 110. 70. Another 1 . Verge of bending its status as a too big to fail lender. We could gofew days u. S. May lose to higher, but we could come down. Remove the designation of the i hate to be so vague, because systemically important financial institution. Generally were so specific, but ge mosthas pulled this is an inflection point. We dont know if it is severe or normal correction of 5. 5 . Entirely away from the banking business as part of an effort to return the company to its off with the january 20 low we industrial roots. For more, we are joined by karen were looking for rally, and it went exactly 7. 8 on january 1. Good to see you. We are looking at the inverse, a be tolose would ge little less at 5. 5 . Alix it looks murky in the dismantling the sifi label . Market. When we get that back and the karen we expect them to complete it this year. Rally resumes, do expect us to they are 80 done. Low out to new highs, or will we alix that would be ok. Be rangebound . Tom we cant tell. Lending money so someone can buy that is the problem. Alix why is it so hard to tell . A plane. Ren they wont have credit what is so murky . Tom the decline in early 2016 was initiated at 26. 75, closing card businesses or Bank Businesses or deposit businesses. They will be significantly smaller. Alix metlife recently won a. T 20. 78 ruling, removing it from the label of too big to fail. If we broke that level, we could more conclusively project the decline that would be modest. If we do not break that level in karen i cannot get too into the the next couple of days a could atails there, but metlife is be more severe. We want to monitor the relationship between the current secure financial company, market and the peak that we 20. Rded on december 20 9, insurance company. Their assets are significantly larger than ges. 81. Which is a factor. Thehould have a modest we dont really know what they won the argument on. Klein. If we do not reach that level on this move, he could be more we wont know for a week or so what tipped it in their favor. Serious, more severe. We cant tell yet. Your it is great to get perspective. Were looking at a potential 5 ge is considerably smaller. Decline in the s p topping out alix this highlights what ge today and tomorrow. The s p potentially resuming its has done. Rally. Thank you for your perspective. Build bridges, then tom demark, founder and ceo of went into financials, now trying to be an industrial company. Demark analytics. Things at i talked to the worst performer year to date, and shares are in the of once to be Oil Services CompanySerious Health care after in the next decade. Thinks it wants to be an oil running into legal issues you Services Company in the next know what it is . I dont. Wind out when bloomberg decade. Karen finance will be 10 . Markets returns. They are in five core businesses, including health theyre pretty profitable in every one of those businesses. I think they want to grow out all the businesses, health care probably a bit less. The reason people talk about oil and gas from a there are some big holes to fill. Prices down so low on those assets, they will do more in that segment. Ago, it was being valued as a financials company. Will it be valued as an industrials company now . Karen i think so. We did not really understand the finances that well. Being focused on industrials business. People are recognizing this is a huge step. Alix thank you for the perspective. Coming up in the next 20 minutes of Bloomberg Markets, why our base Metals Trading higher in shanghai but lower in london . Fitbit ceo james park joins us for an interview. March madness in the markets after a volatile start to the year. Who would have predicted that march would be the best month for stocks since october . Will that rally last . Alix this is Bloomberg Markets. I am alix steel. A look at the biggest business stories in the news. The number of americans filing for unemployment and if it hit a two month high. Initial jobless claims were 276,000, indicating an marketment in the labor is tempered by manufacturing. The jobs report for march is released tomorrow. Five players from the womens u. S. Soccer team has filed wage discrimination. Generate 20 million more revenue than the mens team, but the reigning world cup and olympic champions are paid four times less. With thent was filed equal opportunity employment commission. Tesla motors plans to unveil the latest electric vehicle. The base price may be a shocker. 35,000 here that is a bargain compared to the other models that start at 80,000. Car will beelectric presented at the los angeles design studio. It will have a range of 200 miles when fully charged. Is your business flash. Lets go to our markets desk where julie hyman will check on the company movers and our mystery chart. There was a running clue and health care clue. I couldnt tell if it was health care or nike. Alix you are watching julie i dont know if the Bloomberg Markets. Im alix running clue was on purpose. Steel. Time for a look at the bloomberg it is health care. Business flash. It is indo pharmaceuticals. One of ubers largest rivals buying to be the biggest black 60 . Down, cap service in london, buying the worst performer in the s p 500 this year. Undisclosed fitbit is down more than 50 . Price. That was a good guess. Invitation homes heres the decline we have seen year to date. The decline todays close to 5 selling to to prune and focus looking at the daily performance. Endo was sued by on improving operations. Blackstone went on a home buying spree after the real estate crash. The United States for violating antitrust laws by reaching settlements to block generics Capital Partners has raised 600 competing with their products. Million for a hedge fund focusing on murders and acquisitions. That is what is hitting the shares of the ftc. Mergers and acquisitions. Reached aaying endo the fund will be overseen by Michael Edwards and will operate from 1824 months. Legal agreements to eliminate competitions. If you look at the bloomberg, i lookfinancial analysis to julie hyman has a check on some at the breakdown of the of the company movers today. Julie we are doing metals. Companys revenue between generics and branded drugs. Alix we are doing metals instead because its cool and we they used to make up the love it. Asiness until it bought julie time for our metal bulletin, looking at the more Industrial Base metals today, Pharmaceutical Company last year. Now generics make up a larger copper, iron ore and aluminum in particular. Part of the business, ironically enough since it was trying to heres the yeartodate block generic competitions for performance for each of these. Iron ore has had a strong year. Its own drugs. The others named by the ftc, speculation about a pickup in demand particularly in china. Their impact has turned higher. Theyre not seeing much of an effect. There is an index that combines and impax allegedly a bunch of these metals. Lme index of those come up 3. 1 for the year. Conspired with endo. If you