deadly attacks on civilians. may spoke with reporters in copenhagen where she held it talks with counterparts. troubling aggression and abuse of long-standing, international law, and capital weapons . in recent years, russia has enabled the rules to be broken and removed mechanisms that allow us to investigate and hold into account chemical weapons in syria. activist say at least 40 people were killed in a poison gas attack this weekend in syria. several investigations underway into the environment of protection agency's chief scott pruitt's conduct. the inspector general conducted at least five investigative audits related to scott pruitt, including a look at a time sheet abuse by his security detail. on friday, the associated press

reported that the 20 member team providing day and night protection for scott pruitt had racked up expenses approaching $3 million in his first year on the job. hundreds of striking railway workers demonstrated in paris today, they are protesting the president's plans to change their benefits. 'sions are angry at macron proposal to revoke a status for rail drivers that provides benefits. today is day 4 of the strikes. unions and management insist that they will not back down. kimberly, six men who were detained over concerns about a possible attack on the city's marathon have been released. german officials say they found the no concrete evidence to back their initial suspicions, but they are continuing the investigation. all of the men were between the ages of 18-21. global news 24 hours a day, powered by more than 2700 journalists and analysts in more

than 120 countries. i'm mark crumpton. this is bloomberg. it is 1:00 p.m. in new york, 10:00 in san francisco, and 6:00 in hong kong. i'm vonnie quinn. >> i'm shery ahn. welcome to bloomberg markets. vonnie: from bloomberg world headquarters in new york, here are the top stories that we are following. tech turnaround, the u.s. stocks climbing with tech strength. one key driver, the nasdaq 100 on track for one of its best days this year. john cryan gets shown the door at deutsche bank, and a veteran takes the reins, saying deutsche bank must regain a hunger for the business. and facebook faces the music,

mark is on capitol hill ahead of his crucial testimony tomorrow. the senate version of the testimony, the house on thursday, that portion release about one hour ago and we have the latest. shery: breaking news exactly on that point, senator bill nelson, the ranking democrat on the senate commerce committee is speaking with reporters on capitol hill. that is after meeting with facebook ceo mark zuckerberg ahead of the congressional testimony tomorrow bid the senator saying -- tomorrow. the senator saying he thinks mark zuckerberg was a sincere in his talks and his sense is that he is taking the situation seriously. he warned about regulations for facebook, that could be near, if privacy issues are not solved. we do have the senate judiciary committee hearing on tuesday, the commerce committee hearing.

on wednesday we have the house house commerce and energy panel as well. mark zuckerberg spoke with those at the commerce meeting, with nelson, and he was actually in very formal attire, very different from what his regular clothes usually are, very casual. facebook doing pretty well in this secession come up 1.7% at the moment. the get more on the broader markets, we go to julie hyman. definitely a bounce back today that has been maintaining throughout the session. all three major averages trading higher here. and the volume, that trend is continuing, below average volume, 20% below the 20 day average for the s&p 500, so that will continue to be watched. it is a broad-based rally. on friday, 90% of the stocks in the s&p 500 fell. today, only 44 individual

members are trading lower. it is a broad-based rally when you look at the groups, tech, financials, energy, consumer discretionary, everything is up, even telecoms are little changed, but in the green at the moment. among some of the movers are the payment companies, some of which fall into technology, some of which fall into financials. when you look at the list, you see the stocks fell last week after reports amazon was looking into the payment business. paypal being defended today at morgan stanley, which it said their online domination is "unwavering" in investors are too worried. likee also see rivals square, mastercard, visa, getting a lift. energy is one of the other groups doing well, oil prices trading considerably higher. you see the climb, rising along and risk assets, up by 2%

above $63 a barrel. and also what is interesting, it seems to be benefiting from the continued slide in the u.s. dollar. here we have the bloomberg dollar index, it goes back to the end of 2016, versus oil prices. the correlation is on the bottom, so the negative correlation between the dollar and oil, which had been weakening to some extent, at least it had been not so strong, is now kind of coming back to affect, if you will. so we will see if that trend continues. , another exciting day in the u.s. markets. investors keeping tabs on global tensions, president trump looking at trade problems with china. meanwhile, russian markets feeling the heat from u.s. sanctions. we have adrian helfert from amundi smith breeden joining us now.

it is a top 10 global asset manager, and almost $100 billion managed by amundi. tell us what your clients are saying and with a strategy is sec the headlines about potential tariffs down the road, not even immediately. adrian: well said, because it is not a concern that we will hit a global trade war with the potential tariffs, it is the continuation of the rhetoric that is negative, that could negatively impact consumer sentiment, or the virtuous cycle of capital expenditure that we like to see, so from that perspective we are becoming cautious and we are observing how long the cycle will continue. the central scenario is not necessarily that we will hit tit-for-tat in a trade war, like from the 1930's. it is how long it continues. 10th and 11th hour, will we see this down to the barrier? and can the economy whether that, whether the concerns and the hit we might see on consumer

sentiment. vonnie: it is not just the tariffs. shery: we saw sanctions against russia and now it is becoming the worst global performer, so what is at least that emerging-market economies have to be very careful when it comes to political headlines? but also, tightening monetary situations across the world. adrian: i think that emerging markets will be more resilient on the tightening situation as far as monetary policy conditions, then in the past. it goes hand in hand with the tariffs, how much it impacts emerging markets. those with a more positive outlook should be thinking about those that have more domestic consumption, versus external consumption, how do you finance of the consumption? are you looking at more external versus internal. turkey has very external finance, versus peru which has less concern around that front. we are more selective in the emerging markets. vonnie: so looking at currencies, because external

debt versus internal debt matters on whether the currency weakens are not. -- or not. adrian: the jury is still out as to what trade war means, or tariffs mean for the u.s. dollar, and the u.s. dollar relative to everything else. that is because they are radically tariffs should mean a rising u.s. dollar, with inflation, monetary policy reacting to inflation, but that said tariffs have historically been used to weaken the u.s. dollar. itk back at several cycles, has been the same, so it is uncertain what will happen with the currencies, and i think the jury is still out. what is definite is the u.s. dollar is still a safe currency come as aloof we go down the difficult path when headbutting on the trade war, the u.s. dollar probably will appreciate from there. shery: there has been talk about evaluation, which traders do not seem interested in. the problem is, when you talk about u.s. that servicing, we have seen japanese investors

dumping a lot of treasuries, and we see the cost of the interest cost rising. on the bloomberg, you can see the interest in servicing u.s. debt jumping, so how much has already been priced into the treasury market, the potential that they could be lessened demand in the future? adrian: not as much as could be. there is the prospect of less foreign demand and it is probably a big thing that they have the swing from a policy perspective on trade negotiations, the demand for the debt. i do not think we will necessarily go that path, and as far as dumping u.s. treasury's on the chinese side, that is much further down the road. and even the rhetoric we saw today on appreciation, pushing appreciation of the chinese currency, maybe that has more basis in what they are doing, but at the same time it is a far cry from dumping u.s. treasuries. vonnie: what would they do with

the proceeds, if they don't them, and you have to wonder at what point -- dump them, and whathave to wonder at point will they feel the pain? adrian: yes, the interesting thing is as long as this closes reasonably well and of donald trump is successful at doing what he is doing, there is a prospect that it could be more beneficial to the u.s. it is truly that we write trade policy, that is what he is trying to do, but from the perspective of the u.s. being a closed economy, we are something like 8% of exports to gdp, versus developed market in the eurozone around 20%. if it gets but end up quickly and we right size things, it could be more beneficial to the u.s., so i do not think the concern is much on the front of finding export markets, because we are relatively closed, we just want to open it further. shery: the minneapolis fed president saying exactly that.

if ins of the could open the chinese market, because of the long-term. thank you so much for your time today. adrian helfert at amundi smith breeden. check of the markets, the dow is gaining 1.6% and s&p 500 is also up 1.7%. of volatility falling after rising in the last session, while the nasdaq is gaining 2%, this after we saw the selloff on friday. and treasuries losing ground, the 10 year yield gaining 910 of a percent. this is bloomberg. ♪

shery: this is "bloomberg markets." vonnie: a shakeup at deutsche bank, the ceo out after three years on the job. --eteran taken his place taking his place. the head of the german bank only answered one question hanging over the struggling institution. here to explain is michael moore, the head of u.s. finance for bloomberg. isivided board, chairman still at odds with probably at least half of the board, but we have a new ceo, is that enough of a fix? >> it depends on what the ceo does, his background would indicate a focus on germany and a focus on retail. but until he goes through the actual work to shrink the investment bank, then it is unclear what that means, because

john cryan wanted to shrink the investment bank, but the problem was it took too long and it did not provide the expected results. shery: given that savings was on his management team, there is skepticism about what he can do that is any different than mr. cryan? >> there was the interview earlier this year where he was on board with the strategy, but on the other hand, what is he going to say? he was not ceo at that time. there is a question of, did they need to bring somebody from the outside? it seems they did reach out to people outside the bank, but the bank has a fundamental profitability problem. they seem to have solved the capital problem under cryan, but the question is still largely there. vonnie: it has to be with the investment bank, the project underway to examine whether it is worth keeping on in the

united states, what do you imagine will be the outcome? i notice a hard question to answer, but will they find that you can compete with jpmorgan or goldman sachs? >> i do not know if they will pull out completely. there are pockets where they are very competitive, but they grew to such a scale that you really need a jpmorgan like scale business to justify that. i think they will have to shrink, at least in certain areas. part of the problem is, barclays has a some of the same issues. their investment banking business is not making the returns it needs, but the retail business is profitable and that has carried it. deutsche bank, the retail side is more profitable than the investment banking, but it is not so profitable as to be able to carry the whole firm. so i think you'll have to see some shrinking. shery: we also see a rise in litigation costs adding to their problems. >> right, they have had some of the same issues, some individual

issues. and it seems like they have gone through the bulk of that, especially with the doj settlement, that was the biggest piece of that. but it has been a longer tale for them than some of the u.s. banks. vonnie: is the new ceo like, doing no enough about him to say that? >> i think he seems to have a good reputation in his division. the question is, can he go across the aisle, because he came up to the retail bank in germany and can he get the investment bankers on board, they are looking at the news today with some trepidation. rally that side of the business and make clear his strategy on whether or not he wants to significantly cut, or try to regain some of the market share they have lost? vonnie: quickly, what is the future for john cryan now? >> it is unclear at this point. he came onto the board to have

but option to make him ceo, he has been a bigger a long time. you know, this has been a draining three years and i would not be surprised to see him take some time off. shery: michael moore, thank you so much for the breakdown on what is happening with deutsche bank. let's get a check of the markets, because they are trading at session highs with the dow gaining almost 400 points, more than 390 at the moment, while the s&p 500 is also gaining 1.7% and every sector on the s&p 500 is turning green, even telecom, which was lagging the broader market, now starting to turn positive at the moment. and we have seen the run-up in bank stocks since the morning. we have seen financials on the s&p 500 gaining 2.2%, followed by health care, and information tech.

-- nasdaqaining 2% gaining 2%, volatility falling, now around the 20 level for the vix, after gaining ground in the last session when we saw the selloff on friday. live from new york, this is bloomberg. ♪

shery: "bloomberg markets." vonnie: i'm vonnie quinn. shery: i'm shery ahn. vonnie: mark zuckerberg goes to washington, he met with senator bill nelson earlier today, the ranking democrat on the commerce committee. he will face a judiciary committee tomorrow. nelson told reporters he believes the facebook ceo is taking the situation seriously and was sincere. but warns regulation could be in the near future. kevin cirilli is on capitol hill with the latest. meetho did mr. zuckerberg

and what are they saying? kevin: i just spoke with a bill nelson who met privately for more than an hour with facebook ceo mark zuckerberg. he arrived early to the meeting and they met one-on-one, according to nelson, no staffers in the room. what a talked about was really about the security impacts of facebook and how they plan to stop this from happening again. now, senator nelson said that mark zuckerberg told him that he believes cambridge analytica lied to facebook about the seriousness and a security surrounding the data that cambridge analytica had access to during the last presidential cycle. senator nelson said he responded by saying, well, what was the system in place to prevent that? mark zuckerberg doubling down public comments that he has since made, in the last couple

weeks, saying that they have added security measures and have bolstered security. i asked senator nelson if millimolar investigation -- m euller in the season came up. and he said that there needs to be regulation on big tech companies, but what that regulation means remains to be seen. he pointed to regulatory hurdles perhapsthe fcc and tftc, a tariff battle in terms of turf battle- in terms of regulation. i asked if mark zuckerberg sat down with the bob mueller's team, but he did not answer. now mark zuckerberg will go before a joint hearing tomorrow with the senate commerce and a judiciary committee, senator nelson criticizing that the effort to have a joint hearing, saying that there will not be much time to get into specifics on what facebook did. and then on wednesday, mark

zuckerberg testifies before the house, energy and commerce committee in the morning. he has just released his public testimony. he says "we did not do enough to prevent these tools from being used for harm, that goes for fake news, interference in the elections, and hate speech." was my on to say, "it mistake and i am sorry." vonnie: do the senators understand they are talking to a company that is a vehicle for advertisers, well the other lawmakers be may be harder on mark zuckerberg than nelson has been today? kevin: mark zuckerberg is preparing for a battle, no question about it. he will be under the microscope for hours tomorrow, with dozens of senators asking him specific questions on everything ranging from russia, to cambridge analytica, to what they are doing to better protect data.

i asked senator nelson after his meeting with mark zuckerberg, whether or not he feels satisfied that facebook is doing everything that they can to protect data ahead of the 2018 midterms in just a few months. his answer, to be determined. vonnie: kevin cirilli, thank you. watcher special coverage of mark zuckerberg speaking to the joint senate committee, starting tomorrow at 1:00 p.m. eastern. we will have thursday testimony as well. command, soybean experts last week, but the culture is not the only sector that could be feeling tariff pain. this is bloomberg. ♪

vonnie: from bloomberg world headquarters, on vonnie quinn. shery: i'm shery ahn. this is "bloomberg markets." the dow trading around session

highs, gaining 1.6%, almost 400 points end the s&p 500 is up 1.7% with most sectors in the green paid and financials have also been up. up 2.2%, the nasdaq gaining more than 2%. treasuries losing ground with a 10 year rising a 10th of a percent. very near the 2.8% mark. and brushing off concerns of a potential evaluation after reports that policymakers could be using currency as a tool in trade negotiations, but traders not really buying that. gaining now about a 10th of 1%. 30 is the level. the ruble is weakening after u.s. sanctions. losing ground in the session. now first word news, here is mark crumpton. mark: at a cabinet meeting

today, president trump again condemned the suspected poison gas attack this weekend on civilians in syria. president trump: i want to begin by condemning the heinous attack on innocent syrians, with banned chemical weapons. it was an atrocious attack. mark: at least 40 people were reportedly killed. the president said he will be meeting with military advisers to consider options, "and nothing is off the table." speaker paul ryan says his joint fundraising committee has raised over $11 million this year ahead of midterm elections. the committee says it raised more than $40 million so far in the 2017-2018 and election cycle, in an unprecedented total for the speaker's political organization. republicans are trying to fight

off the trend in which the party that holds the white house almost always loses seats in the midterms. at least 27 children, some as young as 4, were killed today when their school bus skidded off of a mountain road in the foothills of the himalayas. three adult were also killed. more than a dozen people were injured and taken to nearby hospitals. initial reports indicated that the driver was speeding and a loss control, plunging some 200 feet into a gorge. hundreds of supporters of marchedan independence in barcelona today to protest a visit by king philip of spain. he was scheduled to take part in a swearing in ceremony for judges in barcelona. protesters breached the perimeter around the venue, calling loudly for independence from spain. demands to sit with the rest of spain have divided the residents of the wealthy catalonia region, roughly in half.

global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. thank you. tit for tat in tariffs, one sector, biotechnology. how is the industry reacting? we welcome sol barer, the founder of celgene corp. your immediate reaction to the potential for tariffs on the industry, particularly for a company like yours that does business in a lot of different jurisdictions. sol: we have approximately to my people a day that get our prescriptions filled, so it is the major company. the analysis is that it will not make a major difference in terms of our economics and so on, and in general, in terms of reaction -- what is important is that we

maintain the innovation, we are moving ahead of biotech and pharma, the has created so many new medicines. to me that is the main criteria. shery: the how much of the raw ingredients needed for your drugs actually come from china? sol: most of that is not disclosed, but it will not be a major -- shery: you went through the list and realized -- sol: i did not do that personally. that is what i'm told, it will not have a major impact. vonnie: what about the others, the other major headwinds in terms of drug pricing and how it will play out over the next year, or even the rest of the term for the president? sol: right, he has come down in prices. the pricing is one of the issues. pricingo solve the issue through soundbites, through major knee-jerk

reactions. everybody wants lower prices and i think the first thing people should do is understand what the problem is, where are the prices coming from, why a price is high, and what is the basis for it, etc, before you come out with solutions. because whatever the solution is, the important thing is to maintain a sense of organization. we understand the need for people to be able to afford it, but do not forget one thing, drug pricing is a small percentage of health care pricing. 10%, 9% of world health care. ae other thing is drugs -- in relatively short amount of time. often, less than it took to develop the drug. vonnie: and that is your specialty. sol: exactly. shery: you are saying what is happening with china is not going to have an impact on your

drug prices, at least. sol: yes. that is correct. shery: you have had to actually go through a lot of cost cuts recently, so how will you achieve $3 billion in cost-cutting, which is the goal? sol: so there are -- when i became chair a year ago, there were few objectives, one was to get a global experience, the best ceo, and i think we have that. he has announced a very important restructuring of the company. and a renegotiation in terms of debt, etc. and you look at the latest update in terms of that at the next conference call. the quarterly report. but we are on track to do that. we promised that and we will do that. vonnie: when you see generic pricing recovering?

we were talking about the non-generic drugs, which teva is in, but prices have taken a massive hit and i wonder at what point you see generics helping out. sol: it has been a double-digit hit in terms of percentage. i am not sure. you know, there are many in the industry who believe it is leveling out, ready to go up, but i do not know yet. we can start making extrapolations from there. drugs fromhave drop your portfolio, are you making changes in what you carry? sol: yes, there will be changes. and the ceo announced that, that he would be reducing the drugs that are unprofitable, which makes a lot of sense. so there will be a restructuring in terms of the product lines, and that is going on, in order to make us more profitable and

help with the financial situation, which he has stabilized. which i'm really excited about. vonnie: what is exciting to you -- ok, now we know, but in terms of biofarma development. sol: in general? vonnie: for teva. sol: number one, the most support thing was to stabilize the financial situation, that was being attacked in several different ways, restructuring the finances, the organization, the business, that is well underway. he has done a spectacular job with that. so it is a very different teva than it was one year ago. now we will focus, as you will hear in the next year or so, on a strategy for growth for the future. how we are going to do that. we have not delineated it yet specifically, but preliminary stuff, it is exciting. shery: will it be internal or by acquisition? sol: initially, internal.

but that is not to reduce the probability of some very small things happening. things ofcrease rmd, that sort. shery: so maybe long-term external as well? sol: yes, but i do not want to talk about m&a, but in terms of internal we are excited. vonnie: you have the come back and visit. sol: thank you. shery: thank you. the founder of celgene corp. silver and gold in the first half of 2018, taking a deeper look and charting futures. this is bloomberg. ♪

♪ bid'm abigail doolittle time for charting futures where we dive into the charts in we're taking a look at gold, silver and of the dollar. despite bearish calls from analysts on the u.s. dollar, the near-term technicals could support the possibility of a pop that could surprise some on the street. take a look at the chart of the dollar, very simple chart of the bloomberg dollar index. a sharp decline in january, some of it on the white house rhetoric, but now we are in the sideways area and the range could resolve to the upside. so far, weakness has not caused a big move in gold or silver. we see gold up a little bit,

silver is down slightly on the year. this probably will not remain the case when the dollar does in fact break out of that range, it is likely to happen soon. so take a look at a chart we looked at earlier this year on silver, you can see the chart by going into the bloomberg. and it is a longer-term chart of silver, we have a decline downward, but we see that silver is holding the bottom of that channel, perhaps trying to go back to the 200 day moving average. this suggests it could move closer to $17.50 per ounce. interesting to see if it will happen. talk more about what could happen for silver and gold, i want to bring in michael, thank you for joining me. something that really stands out to me, we showed not so long ago a chart of gold, looking like it was set to drop, is it possible that gold can go lower and silver can go higher? >> typically they trade

together, but we have seen divergence between the two commodities this year, gold running into upper resistance, silver consolidating around the 16.5 level for the past couple months, so if gold fails they could start converging again. >> so we want to take a look at the chart that you made, this using the -- functin. >> this is chinese currency versus the u.s. dollar, looking at gold you can see that they are moving together. if you look at a lot of currencies versus the dollar, you will see a similar pattern, not gold strength relies, totally come up often relies on dollar weakness. so if you see a situation with a dollars going to strengthen, we talk about china saying they might devalue their currency today, if they are going to follow this approach toward a

trade war and other countries follow suit, you will see the dollar strength and it will probably lead to gold weakness. >> had eu trade this through the futures market, you have the function that i absolutely love. >> so if you look at the hs function, what we set up was long silver, short gold, right? you will get short one gold tontract, that is about -- i leaves you long about $25,000 worth of silver net, but it hedges out a position. so there you can see the divergence between gold and silver that started the middle of last year. if you go back to the start of 2015, mostly they were trading together. this is the relationship over time, that is the spread, the historic relationship between this is set up. if you look over, you can see 273.ain relationship is .0

we are two standard deviations from the mean. we are looking for the relationship the snap back together where we see this over strengthen, gold weakening, or a companies and of the two of them, and hopefully you make money by being short gold and long silver. >> interesting idea for certain. >> the great thing about the trade is gold does break out because of global uncertainty. there is a high likelihood silver will follow it. abigail: we really appreciate it. gold, silver, and the u.s. dollar, back to you. going and shares of -- toward their best day since august 2016, up more than 6% after the company announced hollywood trial results for a key drug coming in mind this year with more. >> it is called could true to and it is a long therapy cancer drug.

it is a big one, so good news in phase three of the trial for the drug, it has drastically improved the survival of lung cancer patients. it is good news because on friday they were dealt a blow, a drug they were trying with insight -- it actually failed to help cancer patients with melanoma. this is a different type of drug used for lung cancer and is monotherapy, used by itself, and there is evidence it is working. vonnie: what about the revenue it could bring in? >> i have a chart that can show you. in 2015, you represented 1% of revenue, but by 2019 estimates think it could be more than 70%, so it is a key -- 17%, so it is a key drug for them. it could expand their current label. also, another chart that shows why this is so important to this company, the lung cancer

investor, by far the leader, expected to be 154,000, three times as much as the next top cancer. so this is a very important drug. vonnie: ok. shery: thank you. time for our latest bloomberg business flash, a look at the latest business stories in the news. calling onbaba's ma mark zuckerberg to fix facebook, he is facing scrutiny around the world as the cambridge analytica , that share data and tens of millions of users. issays the social network valuable and of the issue could've resulted from facebook's explosive growth. cbsom wants more money from to combine the multimedia companies. to raises asked cbs their bid by more than 20%, that would value them at more than $14 billion. expectations are a challenge for shelley redstone, whose company

controls both companies. and that is your bloomberg business flash. coming up, digital debt trading and atlanta as the next technology hub. we were -- will hear all about that, coming up. this is bloomberg. ♪

shery: "bloomberg markets." i'm shery ahn. vonnie: i'm vonnie quinn. the head of intercontinental exchange announcing plans to acquire the chicago stock exchange, but according to the ceo the company will not be moving from its current wonderful city. bloomberg daybreak went to live to atlanta to interview jeffrey sprecher about the planned acquisition, it's plans for the future, and the decision to stay put in georgia.

exchangese own 12 around the world, so doing a deal with the chicago change will be our 13th. it is an opportunity to have a presence in chicago. the exchange business today is right technology oriented and atlanta has become a very tech-centrich city, so we can sit here and operate exchange is around the world, chicago just the latest example of that. david: did you come to atlanta because of tech? jeffrey: miami serial entrepreneur and i was living in beverly hills, running another company i had started and i saw an opportunity to bring transparency to the energy business. and i saw a little failing company in atlanta and i acquired it. i came out on a monday morning and there were 47 employees, and i announced that with all of my west coast bias that i was going to move everybody to california, thinking that they would be thrilled. about one hour later a person came into said, we talked to

everybody and we all decided to quit. and i realized for the first time how strong this community is. and i recognized if i was going to build business with that group, that it was going to be incumbent on me to move to atlanta, which is what i did. here, a is an ethos southern charm that exists in the business community, as well as with neighbors. people here love it. i found i've been able to take this little company and build it into a fortune 500 company by attracting people to come and live and work in atlanta. alex: and a $4 billion market cap, that is a huge company. jeffrey: it is a big number. alex: where do you want to expand to? there was just a deal announced for next group, where do you need to compete the most? jeffrey: the growth in our industry has been in a lot of what you do as well, which is provide data and information. people that use exchanges are

managing risk and making investments, and information today is key, so what we see now -- the last thing i did was shut themartphone off and first thing i do when i leave is turn it back on. i cannot be without real-time information. that trend is going to businesses throughout the world, so in order to manage risk our customers are grabbing information, consuming it, using all caps of analytics -- all kinds of analytics, to figure out what is going on in the world and how to position oneself on the exchanges to manage that risk. that is where the growth is and you are well positioned for that as well. david: how do you position yourself in the exchange business. next.w have --buying how much of your future growth is going to be in fixed income? jeffrey: the bond business

broadly is still a telephonic business. it is a complicated market and it is going from analog to digital right now, so those with digital platforms and global distribution are moving into that area to provide tools and technology to our customers. there are a lot of different debt offerings in the world, but now there is a much more -- there is more interest than ever of people holding debt. we have the emergence of etf's filled with fixed income and bond instruments. many of those on the york stock exchange, so we have a nexus with those people and we're working with that group to figure out how to get better information and technology into that space to make it easier for people to consume. shery: that was david westin and alix steel speaking with jeffrey sprecher, the chairman and ceo of intercontinental exchange. ailmanhead, christopher

talking about facebook and seeking information on what the tech company is doing with the user's data. vonnie: the markets are higher. checking the major averages, up 1.8%. a bounce back for the dow. s&p 500 up 1.9%. up 2.2%nasdaq also right now. also, a reminder bloomberg users, you can interact with the charts shown all throughout the tv onam, just type gbt your bloomberg and can play with those wonderful charts. ♪

york, 11:00. in new a.m. and sabr san francisco, and 7 p.m. in london. >> "bloomberg markets." welcome to "bloomberg markets." ♪

tax we're live in bloomberg world headquarters over the next hour. here are the stories we are covering to -- covering. battered,sets getting is a new wave of sanctions leaves the kremlin scrambling to contain damage. ceo takes the reins as a push mount over biggest investment banks. -- breaking news on monsanto. let's bring in julie hyman. julie: the department of justice has given the stamp of approval to