We have some breaking manufacturing data now here in the u. S. Lets head to the markets desk were julie hyman has the latest. Julie you have the ice and Institute Index coming in at 49. 5 . That is a point better than estimated. Earlier, we got the marketing Manufacturing Index rising to 51. 3 . That would still seem to signal expansion. This number i mentioned the signal contraction. That is something they keep in mind. We saw that factory activity strengthening less than forecast in the month of february. A little bit of stabilization in this number again 49. 5 is the figure we are looking at. If you look at what is going on with the major averages, you can see the s p 500 bouncing around in a narrow range of 9 10 of 1 . All three major averages have been rising. That is even as we see oil actually falling now. Oil have been rising throughout the morning. A lead lower. It did not seem like there were any particular headlines that drove it there. We saw Vladimir Putin meeting with oil executives. We saw that big downward leg and oil. It has since bounced back and up 3 10 of 1 at this point. Overnight, we got data out of china that continue to show weakness on the manufacturing side and the services side. The measure of Service Industries falling to a sevenyear low. Yet that has not been having a negative effect around the globe perhaps because now the read is that there will potentially be more stimulus. Take a look at the bloomberg. I want to look at the sectors on the move. All the groups in the s p 500 are higher right now. Technology, financials, and discretionary are leading some of the gains here. Mark lets talk about some of the individual movers. Honeywell says its abandoning an attempted good for United Technology. What is the reaction . Might expect, United Technology shares are going lower. Its burned honeywells 108 share offer. Concerned about antitrust resistance to the deal. Honeywell shares moving higher to sun edison were looking at that stock as well. The stocks plunging 22 . Its not going to release its 2015 Financial Results on time. It is investigating internal questions about its liquidity position. Speaking of internal investigations, lets mention valeant. Been movings have lower after that company disclosed a new sec investigation. That happened yesterday. The shares took a leg lower and theyll move even lower again today. Vonnie certainly an interesting start to the month of march. Thats check in now with the bloomberg lets check in with Courtney Anna who and the bloomberg first were news. Courtney it is super tuesday and its a chance for donald trump and Hillary Clinton to put distance between their rivals. Mostd trumps favorite and of the caucuses and primaries held in a dozen states and territories for ted cruz and marco rubio are in a battle to stop him. Hillary clinton looks to extend her lead over Bernie Sanders could roughly a quarter of the nations voting today. Join us today at 5 00 p. M. Eastern time for a special edition of with all due respect. Loretta lynch is calling on technologies and the government theind Common Ground after dispute over encryption. In her prepared remarks, which says we do have to be engaged in open dialogue so we can draw upon each others resources, hear each other others concerns, and learn from each others perspective. Bloomberg west anchor emily chang will have an exclusive interview with Loretta Lynch live at 4 00 p. M. Eastern time right here on bloomberg television. The United NationSecurity Council votes today to impose more sanctions on north korea. Kim move comes after jonguns regime carried an underground nuclear test. Would for bidns north korea from exporting minerals. The ceasefire in syria is now in its fourth day and u. S. Plans to take advantage by delivering marking military and eight. Both sides in the civil war have reported violations. The u. S. Wants to distribute 250 thousand people in siege by government and rebel forces. The last will and testament of Osama Bin Laden has been declassified and made public. The claims to have had 29 million in personal wealth, the book which he won to be used on jihad. They were releasing a patch of more than 100 documents seized in a raid that killed bin laden and his compound in pakistan back in 2011. Global news 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Mark Alan Greenspan let the Federal Reserve back in 2006 after spending almost 20 years at its helm. Mike mckee and tom keene sat down with the former fed chairman at his office in washington for an exclusive interview. He discussed the ramifications of negative Interest Rates. Alan up to a point, negative Interest Rates have no effect. Why . Because people are willing to accept essentially a negative Interest Rate to hold the claims of these particular countries. That is going to change if this goes on indefinitely, somethings going to start to move. We dont know what happens when that happens. Is it a dangerous experiment for so many Central Banks to be doing this . As a call to mind does a call to mind the hall season of the 1930s does a call to mind the policies of the 1930s . If dangerous,know but clearly not productive. People are arguing about excessive low Interest Rates for asry long period of time it warps the investment pattern. If you have negative Interest Rates, people will raise funds with negative Interest Rate. Their Capital Investment projects are going to be warped. M the corporations that you followed with your data analysis, are they acting in an unhealthy or improper manner because they have a free lunch from low Interest Rates . Ian the problem basically is am sure they are doing it because you can tell what happened as the cuties opened up qes opened up. We are getting signals distorted because Interest Rates are too low. People are investing in undererm assets the mistaken view as to what the rates of return ought to be. That means you are going to get misuse of capital. Mike the markets these days seem to be telling us that we are in trouble. Are we . Alan we are in trouble basically because productivity is dead in the water. Mike we are not even getting low productivity right now. Why is that . Productivity i will put it this way. Output per hour is driven essentially by real Capital Investment. The data is clear on that. Is waypital investment below average. Why . Because Business People are very uncertain about the future. Mike would you advocate a government policy to spur u. S. Investment in the United States . Alan every time you try to spur it, it turns out wrong. Vonnie that was bloombergs Michael Mckee and tom keene interviewing Alan Greenspan. Michael mckee is with us from toington t, d. C. Discuss what Alan Greenspan said. It was interesting that he is critical or even vocal about the current Federal Reserve. He did seem to be a little critical. You try to stay with the current Monetary Policy and the Federal Reserve, but he did focus on the idea of negative Interest Rates not being good for the economy. Over the past couple of years, muchconomy has not take up speed as he would like it to. He seemed more downbeat about the economy than ive ever seen them over the last 20 years or so that ive known him. It does give one pause to see someone with this kind of experience they it is hard to know whats going to happen next and that hes worried about it. Interestingyet its because he was the person who gave birth to the phrase of the put and that qb is not doing the job in terms of investment. Mike you have to look in terms of time frames. He did believe it helped when the economy was at its low point during the economic crisis. At this point, he does not want to comment on it publicly. You have to question whether or not its adding a whole lot more. It is still stimulating the economy, but is at a whole lot more . He did not want to go there when we asked him about that, but he does not think we should look at negative rates as the next step. He is not sure what the next step would be and he is sure that in the next couple of years we might. Mark the next step in the eurozone is a continuation of the negative Interest Rate policy it seems when the ecb meets on thursday. Mario draghi and his fellow policy makers will ignore mr. Greenspans concern. There is not going to be plain sailing for mr. Druggie. Raghi. Mike we have seen a lot of volatility in the European Bank stocks after negative Interest Rates were adopted and push down even farther. Well have that kind of effect if they go even further and how will it impact overall financial transmission function of banks in the eurozone . Negative rates work if you are a small country like switzerland at driving currency away. Other than that, it becomes a beggar thy neighbor currency policy. While it works for some countries, it will not have a lot of additional help for others like greece perhaps. It is going to be controversial going forward. Vonnie that was just a fraction of the interview. Michael mckee, thank you so much. With formerw there fed chairman Alan Greenspan, look for it on our podcast of section. Mark we are in an hour and 18 minutes away from the close today. Stocks are rising and rising for consecutive day. It is the longest winning streak since october 2015. Investors choosing to overlook that syria rating chinese manufacturing data focusing once again on yesterdays reserve requirements ratio cuts. Stocks rising for the fourth consecutive day. Vonnie coming up on bloomberg markets, donald trump and Hillary Clinton planning to dominate super tuesday. After todays results, while they turned their sights to each other in the race to the white house . Vonnie good morning. You are watching bloomberg markets. I am vonnie quinn with mark barton in london. It is the most important day so far in the presence of campaign. A dozen states will hold primaries and caucuses on the super tuesday about half of the delegates for the republican nomination are up for grabs along with a third for democrats. Me now. Rphy joins it does seem to be a lock for donald trump and Hillary Clinton. I think we can say that so far. Are a couple of things that need to happen in order for this race to stay interesting. There would have to be a ted cruz winfre. Megan its his alum appeared he has to win. If he loses there, his campaigns over and has group has said as much. Donald trump has drawn huge crowds. He definitely has to win texas. Vonnie marco rubio has to have a huge showing he is looking ahead to florida, but he does have to press the party. What do they decide after tonight . Mike what they are looking is to have strong seconds and thirds. 10an donald trump leads in of the state and texas is the only one he is behind it. Marco rubio needs to have strong showings to make the party realize he is still the establishment candidate they could coalesce behind. If you do not have wins and he does not have any wins today, he made sneak minnesota tonight, but its really hard to convince people to keep the money coming in the momentum going. Mark have rubios attacks in the last debate have they stuck at all on trumped or not . Megan i think people were by the time the race has shifted to. Marco rubio thought he could out trump with his attacks on his spray tan and his hair. Some people think its taking the republican race down to a level they do not want to be at longterm, is this going to be damaging for the party . It seems to be governor ball politics or the. Right now. Mark the sander stay in the race and carry on to the convention as he says he will does sanders stay in the race and carry on to the convention as he says he will . Megan absolutely. This message of income inequality and wall street and media to rise everybody up instead of the select few. He raised 40 million in february alone from small donors. That is a huge number that no one will be able to match. Theres no reason for him to leave even if he takes a drumming tonight as we expect. Vonnie thank you, megan murphy. All thebe covering highlights with a special two hour with all due respect starting at 5 00 p. M. Eastern right here on bloomberg television. Mark youre watching bloomberg markets. I mark barton with vonnie quinn in new york. The Auto Industry is coming together in geneva this week with the latest in the nations in the car industry. Carmaker aston martin is unveiling its latest iteration of its iconic db nine. It is called the dd 11. Ryan is still there live from geneva with the aston martin chief executive andy palmer. Ryan have i got a treat for you. Andy palmer is right to my right. We have the db 11. I should let you show off the car. Replacewhat is going to the db nine, Aston Martins flagship right now. It is going to cost how much . Andy starting price is 155,000 pounds. Ryan you can afford that no problem, right . Andy after that, its all about specing the model to your particular taste. Ryan that could push it up above 200 i am thinking. This will come online in september. The oil price is 30 in equity prices . Is there enough people out there to buy this car . Andy absolutely. The top 1 of the population or the richest 1 are increasing and historically at its peak, db nine, when we were making it, aston martin was selling 7000 cars. With the reintroduction of this model, we expect sales to sail back up. Ryan lets talk about last year. One measure of profit how did it come in for 2015 . Andy we are not published yet, but it was better than the previous year. Asannot give you guidance you will appreciate, but two important points. Better than last year and better than the previous year. More importantly, on or above the budgets that we published, which is really important. Ryan last year, you got it back measure of profit between 65 and 70 million pounds. Did you hit that target . Andy difficult for me to answer, but basically we had a budget. Ryan this year, what can we expect in terms of deliveries of your db nine and db 11 at the end of the year . And by the same measure, profits . Andy you would expect profit to increase as a result of a new car. A thousand of these cars were already sold just on the basis of the leaks on the internet. Ryan you presold 1000 cars . Andy 1000 people walked into the dealers and put down deposits. That bodes well for the Financial Year as well because we are watching the car in september. We will see deliveries in 2016. Ryan the reason why im grilling you about it is because your goal is to make this into a profitmaking company in three years time in terms of that income. Andy absolutely. Ryan are you ahead of schedule or behind schedule . Andy ahead of schedule. The measure is an important measure when you talk about multiples in the market capitalization of the company. Ryan there we have it could the it. The trigger for the ipo that you are seeking is when you become a profitmaking company in terms of that income. When might that be . Monk can shareholders by a share in aston martin . Company, buthe there are shareholders in private equity that currently and the company ultimately how they exit is up to them. Ipo,ay of exiting is an but ultimately my shareholders will decide. Ryan you have not definitively decided, but if you give me a sense of the certainty of an ipo, the credibility right now is it 8020 . Andy i think we have a good story with the replacement of the sports car and replacing the db nine with the db 11. And then the crossover. If you were going to float a company somewhere in that per iod, you have good news in the past and going forward. Ryan you have a crossover and you want to revive your luxury brand. Ift would your plan b be you decide an ipo is not the way to go . Andy the current shareholders may decide to stay in the company. The four cars that are already funded is enough. We have to fund the rest of the portfolio for working companies. They do not need to pony up to years your expression. To use your expression. Explanation is that we have four cars in our portfolio and every year, copy paste. Ryan that was the ceo of aston martin, andy palmer, standing in front of the new aston martin that you can buy for 155,000 pints starting price of course. Vonnie starting price is 155,000 pounds or 76,000. That is Ryan Chilcote with andy palmer. The german 10 year yield, we are talking about a rise to 15 basis points. But as a headline passing the bloomberg. When you think about it, that is an unbelievable number for the 10 year yield. Up one 500 right now is one point 2 after a rally which showed contraction in the manufacturing sector, but not much. The Dow Jones Industrial average up 1 . Some big unknowns await china slowdown. Americas Political Landscape will weigh all the risks and rewards. We will weigh in with Daniel Arbess next. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. When it comes to the fithings you love,. You want more. Love romance . Get lost in every embrace. Into sports . Follow every pitch, every play and every win. Change the way you experience tv with x1 from xfinity. Vonnie i am vonnie quinn in from betty liu. In four betty liu. For betty liu. Mark i am mark barton. Courtney donohoe has latest. Primary super tuesday votes are in. Bernie sanders carries the vote. Outside the u. S. To cast a ballot abroad. Republicans for the own going overseas will not be able to do the same. Us at 5 00 p. M. Eastern time for a special twohour edition of with all due coverage. Or extensive extending permits for people who missed out climbing Mount Everest last year. Triggeredake avalanche. Paybers will have to 11,000 for the government. President obama meets today with Senate Republican leaders who promised to block anyone who leaves the supreme court. They hope to keep the seat open for a republican president to phil pyramid obama is expected to discuss a historical precedent in election year. The mans name has been officially released on authorities. Is on administrative leave. If you owned a pro basketball team, you will be tempted to do wereteve ballmer did ty sure global news. 4 hours a day powered by our 2400 journalists and news bureaus around the world. Mark lets take a peek get european markets p we are 16 minutes away from the end of todays tuesday session. This is the story as of now. Every group on the stoxx 600 is rising today. Stocks are rising for the fourth consecutive day. Investors are looking beyond deteriorating chinese manufacturing data focusing on the ratio cut. Those atcus on more of the top of the next hour. Vonnie data check beginning now with the euro. Trading below a dollar nine 1. 09. We are also seeing just a little bit of the weaker yen today. The dollar is about 9 10 of 1 stronger versus the end there. People getting a little more negative every day on the policy into negative Interest Rates. Spreads are narrowing as the twoyear yield rises. Quite a significant move for manufacturing data. We want to go to Abigail Doolittle live from the nasdaq looking at individual movers this morning. Abigail the dollar tree is on the move today. Shares are ups likely up slightly. A fullyear view that was a low estimates. Spoke to retail analysts and said the company is under pressure to integrate Family Dollar stores into the system. Perhaps it could weigh on the stocks but perhaps we have investors looking ahead. Of of the best performers the nasdaq today, it looks like the Chinese Consumer is alive and well online. They beat us debt revenue estimates. 54 yearoveryear growth there. They had a lot of customers in 2015. Those numbers hit 105 5 million for the year. In 2015, but loss they expect to go profitable the First Quarter of the year could be a catalyst for the stock. Vonnie thank you so much. Dublin investors appear to many factoring data from earlier as they move to support bank lending. In an exclusive interview, Alan Greenspan wants China Economic problems may get worse. Have a listen. Growth is 7. 5 annual unachievable. Think what is happening is as chinas productivity edges states, ithe united closes and the ability to close the gap is more and more difficult, which means if youre going to get a convergence the between productivity in the United States and productivity in china, much more closely, that means it will be a big slowdown in china. Vonnie Alan Greenspan there. Here is a look at the road ahead for china and the u. S. Foundermoney manager and involved in policy discussions, we will talk politics later on. The lets get back to what Alan Greenspan is saying. Human gloom. It seems to be a bad thing that china will be moving more and more toward the United States growth rate. What will they be anyway in the next 10 or 20 years . The chairmans is on Labor Productivity. Of people like a lot and a lot of contexts, we will talk about politics in a moment, is missing a very important component of what is going on in the economy. It is not all about Labor Productivity any longer. It is about tech enabled productivity and production. What is going on in china, i continue to say, is very positive. We should want the growth rate closer to 5 or even 4 as part of the transition from unsustainable investment led growth to empowering their consumers, the most positive force available right now for generalized growth in the global economy. The dream for china has always been the one billion plus consumers. Vonnie how would you unlock the productivity . Consumption will rise in china as wages are rising in china. China is facing the aim structural challenges we are in the united dates by the displacement of labor with technological process, and that is a real problem. That is the economic challenge of our time. That needs to be confronted and it needs to be confronted with a set of regulations sorry, taxed ion, better tax policies. Ok, this is the u. S. And china. Basically what you have got to do is find a way to keep people participating in the economy because people who do not have jobs are not in a position to consume. Isonsumption driven economy not going to be able to move forward without earning money. We will come back to the u. S. And todays is egg super tuesday gathering. I want to come back to Alan Greenspan, who was also asked about negative Interest Rates. He said it will not stop the likes of the ecb pressing down the negative Interest Rate road. Our u. S. Critical of Central Banks negative Interest Rate policies as others have an in recent weeks . I will agree with mario draghi in the following respect. There is a limit to what Central Banks can do to stimulate economies. Fedsot think the increase of rates by 25 basis points in december is indicative of any celebration in the economys strength. It is a statement of the limits of monetary authoritys power. Mario draghi has a little more little moreon a ammunition than what the fed has it with the current fed chairman is trying to say is that the focus needs to move to fiscal authorities, to governments implementing growth oriented relyies, and not to exclusively on Monetary Policy, which has reached the point of diminishing returns. Zero Interest Rates or negative Interest Rates are not instructive . Mark constructive. Been having this conversation about governments spurring their economies. Who is doing it fast and who do you think has actually achieved that to some degree . The financial crisis . I do not think anyone is ng it particularly law well because a legislative authorities have not fully realize what the responsibility is an ought through what the challenge is that they are facing and that they need to address with the right set of policies. If anybodys doing the job, it is probably china. Mark stick around. A lot more to talk about. Still ahead on bloomberg television, a lot to discuss. The big american vote today, super tuesday, we will explore what is fueling the political rebellion in this election year. Mark i am mark barton. Vonnie i am vonnie quinn. It is super tuesday. We are back with the cofounder of the movement, no labels. It is a Collaboration Movement or a nonparty movement, i suppose. Trying to figure out a way to describe it, basic, even though your friends of marco rubio, you do not really see at half forward to the traditional twoparty system. I dont know about the twoparty system, but what i think is important is the need for everybody who is concerned about public life, which is a to find Common Ground on problems in the interest of the country, not a particular party or a party line. Is the best candidate to get into power who can do that . Obviously, it does not look like it will be an independent or a thirdparty candidate. The situation now looks extremely messy but it is not quite as bad as it might appear. What you have now are people who are still grasping at what they historically know when they look back, trying to find explanations for why things are not working the way they are supposed to. You have an angry public because the public is not experiencing what they are hearing from their leaders. The president goes to congress and gives a state of the Union Address that basic he says everything is great. Look how fantastic the economy is. We are safe and isis is on the run. We look at the Bank Accounts and it is not as experienced as that. Everybody is looking for something new but the players on the board today are defaulting. Whos is to blame . Trump says it is an events immigrants, other countries with trade policies, and sanders says it is wall street. Where we are going to get to in this process, and it may not be in time for the republican nominee, it may not be in time even for the president ial election this fall, but where we are headed is to a deeper understanding of what the could thenare, which begin the process of the process of addressing those challenges in an appropriate way. Mark part of this is the millennials, and you say they are voting against their vested interests, their own interests, and flocking to the likes of sanders, to the likes of trump. Blame them when you look at the labor market . I do not laymen. I wrote a piece that got thousands of faced posts and comments. The journal titled the peace and it got a lot of peoples attention. What the millennials are saying not see opportunity for ourselves in the current economic environment and we are tracked into the notion that somebody will come in and redistribute income and wealth. You cannot blame them because they did not grow up, and i have kids of that generation, they did not grow up with the Historical Perspective our generation has. Time when there was real racial segregation, real racial difference is in this country. There was a big economic clash of systems between the United States and the soviet union. Thee problems have improved situation in regard to those issues. It has improved dramatically over the past 30 years. We should know better as guideial leaders than to the next generation toward policies that do not work. That is what Bernie Sanders is doing. Economic redistribution does not work. Let me finish this one thought. I spent the third the first 10 years of my career being involved in the dismantling of socialist economies in Eastern Europe and the next 10 years of my career following the dismantling of socialism in china. You cannot default to old redistribution economic policies with sanders and to a lesser did a lesser extent, Hillary Clinton. It does not work. Vonnie what policies have you heard so far that help in this regard . I think marco rubio has the most i advanced understanding of the new economy, the challenges of job displacement and the need to create a better and more friendly regulatory environment. Vonnie why would a millennial want to vote for somebody who would rollback obamacare if they have not got jobs . Focused youam asked me about the candidates. I do not think there are any perfect choices today. I think marco rubio has got a well cultivated understanding of the economy in a very good Foreign Policy framework. That is not to say other candidates do not have things to contribute. What we need here is a step back from the day today and the nonsense we are hearing and the lack of dignity we are hearing process, toical step back and have analysis done on what are the challenges the country is facing, which in the quarter are economic challenges, and how can we come together as people who are interested in progress to resolve those challenges. The conversation is fascinating and we will tweet out to that oped. Ahead, the motor show is underway and we will bring you conversations with the ceo of rollsroyce next. Mark lets head to our markets desk, and julie hyman has a check. Julie we have got the february statesata for the united today, and General Motors was the laggards here. Shares not up as much as the rest, though turning positive. February sales down in the estimate for analysts was for a gain of 5. 1 . The biggest decline percentagewise was in the gnc brand. Ford in the meantime. And fiats sales up 20 chrysler is up 12 and both are beating estimates. Up 5 , the shares 71st straight month of gains for fiat chrysler. On the part ofak that company. Ford motor is also coming in better than estimated. We want to take a look at market share. The numbers have only been updated to january. Gm still has the dominating market share of 18 . We will see what happens as a share of the total for february. You have ford overtaking toyota in terms of market share for the month of january. We will get a check once we get the updated numbers and see how it all plays out. We will head to the geneva motor show. Rollsroyce is bullish on the global economy. The chief executive spoke with brian. He said despite some signs of economic weakness, there is plenty to be upbeat about. It is not doom and gloom. Right, but you also see yearbyyear, a remarkable amount of people coming into the market. Our prognosis is is is probably an area between 3 and 5 , which is remarkable. There is enough potential in the market and the future even if some markets might alter or would have problems. We will see markets still blooming. The United States is still in good shape and europe is coming back. It is not that the whole world is falling apart. Youre world the word is working on an allterrain vehicle. We can do that last year, finally, and we have good reason to say if we do it, we bring in rollsroyce into the market. Watch this space. Probably in that kind of time window. Announced andly it is one of these remarkable projects. We are working on it. Think about what is in the future and what might happen, we are not yet fully decided. That was the rollsroyce ceo. You can read more about luxury at bloombergy cars pursuits. Lets have a look at data before we continue with bloomberg markets. To point out first we have a headline from volkswagen, america. 13. 2 . That was hurt by the emissions scandal. The yen is weaker today at 11364, 1 weaker today and the vases back below 20 again. There is not too much turmoil. The spread is narrowing. A flatter yield curve. The two year yield a little better than expected. Mark how about a peek of what is happening to european act is . Were 35 minutes away from the hose on tuesday. Stocks are rising for a fourth consecutive day. A thirdlling for consecutive day. Here are the big movers in europe today. I will to you all about these stocks. The topa few minutes at of the next hour. 8 , more than by 11 earlier. The biggest drop since 2012 at glencore. 3 lower today. Coming up on the european close, two fantastic interviews you do not want to miss. Mariel will join me at 11 30 in new york or that is 4 30 in london. Later in the hour, vonnie quinn will talk with u. S. Assistant attorney general john at 11 45 in new york at work 45 here in london. All of that will be coming up in the next hour of bloomberg television. The european close is seconds away. Stay with us. Vonnie from bloomberg World Headquarters in new york, i am vonnie quinn, in for betty liu. This is the european close. Vonnie we will take you from new york to london to capitol hill in the next hour. This is what we are watching. Shares of barclays down 8 as it misses estimates and slashes it dividends. Glencore earnings less than forecast. Portugalsll talk to lan to stimulate growth and ease austerity measures. Vonnie apple will argue its case for congress today. John carlin joins us on the debate between privacy and security. We are a half hour away from the close of trade. Tell us what is going