Soft on stocks. Could china rein on his forecast . We kick things off with a check on the markets. We have seen some lows, some highs. Julie another day of muddling along. We have seen some late day breakouts that have not materialized today as stocks are still sort of inching along. The s p 500 turning higher by just a little bit, less than 1. 5 points. We did have Economic Data coming in and showing continued slowing in the services sector, which is the largest portion of the u. S. Economy. Everyone sort of waiting for tomorrows jobs report. If you look at the dell over the course of the day, you see the trajectory that all the major averages have pretty much followed, a little bit more strength on a relative basis as we headed to the latter part of the day. Want to bring in an index we have been looking at a lot over the last couple of weeks. This is the range of the dow on any given day. Thisw, we are giving is the lowest it has been this year. This happens on days when we see things take a pause or tend to calm down. We look at this, they volatility index. They year to date chart, it looks like we will be at the lowest point this year as we see, again, this muddling along. Tracy stocks arent the only thing muddling through today. Julie yes, it is kind of a cross assets. Prices also seeing bouncing around right now very little changed. Of the another example natural gas dramatic move today. Is indeedder negative, we would see more movement. But the 10 year yield is also unchanged. If you look at the dollar index, we have seen a little bit more movement. It is down now nearly three quarters of 1 . That appears to be the exception in todays market, whatever asset youre looking at. Carol 10 the jobs report tomorrow will shave things. Jobs carol and the shave tomorrow will things. Today the romney said prospects for a safe future would be greatly diminished if donald trump becomes this years nominee. Of the other gop candidates would be a better alternative. Mitt romney here is what i know. Donald trump is a phony, a fraud. His offices are as worthless as a degree from trump university. He is playing the members of the American Public for suckers. Trump is expected to fire back at a rally in portland, maine. Ben carson tells yahoo news he is still evaluating his campaign status. He will make an official announcement tomorrow. But yesterday, he said he didnt see a path to the nomination. He is skipping tonights Republican Debate. The man accused of killing six people in a random shooting spree in kalamazoo, michigan, last month will undergo a mental competency exam. Marylands court of appeals will determine whether officer William Porter can be compelled to testify against his collies his colleagues. Three officers are facing criminal charges in the death of freddie gray whose neck was broken windows you travel in the back of a transport van without a seatbelt. Upoltracy investors are gearig for super friday. The report is expected to show that payrolls rose by nearly 200,000 workers. But we do have a potential warning sign. Growth in u. S. Service industrys for a fourth straight month in february and Robert Kaplan spoke earlier about this key component of the economy. Robert kaplan the Service Sector continues to be the the economyth in appears the Manufacturing Sector andinues to struggle continued weakness outside the united states. Carol we are joined now by ander renick [indiscernible] tomorrow. Alk about youve gotten some economic reports, jobrelated economic reports. Yellen a, what does that tell us about what we will get tomorrow . Consensuse bloomberg is about 295,000 tomorrow. 70,000,s from below below 100,000 and something above 200,000. So a bit of a range. But on the upper end of the range and we expect something closer to hundred 20,000. We expect payrolls to go 220,000. We expect payrolls to go back to the moving average. Incy we did see less hiring the isn survey. Is that a negative for payrolls tomorrow . Do you see anybody retching dennis petitions . Ena if the history is any this employment component of the nonmanufacturing went down below 50, nothing really happened much to the payroll numbers. It actually surprised to the upside. It was revised modestly down. But nothing major. Tone williously, the change potentially tomorrow based on the jobs report. What are investors setting up for . And if we get some disappointment, how big of a reaction could we see in the market or how much of a rally . Oliver volumes have been the average to lower from the days that we had rallies on. My think tomorrow will be a clear indication on whether or not the market interprets the Economic Data as positive, as positive being surprisingly good or bad. There is a difference between the market expects and what the fed is signaling. If the market still gets really bullish on a miss or something that doesnt beat expectations by a big degree, i think it is a little bit concerning if you have a market that is still relying heavily on the idea of lower Interest Rates and the lack of a move up on a rate hike. I think that is going to be important. It will also be important to see if that does have an impact. Services is more of an economic churn, but composes more of the s p profits and earnings and companies. A lot of the stock market is relying on that part of the economy. Tracy you are returning to the old markets narrative were bad news is good for risky assets. That was lots of fun. Oliver and if we go back to that, what progress have we made from a yearandahalf ago . Fed, wepeaking of the have seen the fed put all this emphasis on data dependence. If the data continues to be good, will they be forced into making a move . A probably not. We are a few months away from a potential rate increase. Do it increases this year, sometime in the midyear and towards the end of the year. Carol obviously, we will be talking a lot about that tomorrow. We have been awaiting the republican president ial front runner donald trump. He is due to speak right now at a rally in portland, maine. He was just introduced by means governor paul lepage. Mitt romney said trump does not have the temperament of a stable and thoughtful leader. The republican president ial front runner donald trump live on bloomberg television. Donald trump i want to thank paul. I love to people. You need to people. And he is a tough cookie. When we got his endorsement, we were thrilled. He is a great guy. I was doing a little bit of a thing called the debate. Get him out, please. Get him out. [crowd cheering] what are they doing, right . Whats the purpose . They get a Little Television time, i guess. You know, i was going to the debate and i was going directly in the florida. We are doing really well in florida. We are campaigning against a guy who has the worst voting record in the history of the state of florida, named rubio. I call him lightweight. He is a lightweight. Hes got the worst record in the history of florida. I should do well there. I hope i do well there. I love florida. I was going to detroit and i said to my people i have to stop in maine. I just had to stop in maine. [cheers] so i wouldnt say that it is a very direct route. Instead of going this way, i went this way and this way and that is good. Im so glad. To put this incredible sold out crowd and you have thousands of people outside, to put this crowd together in a period of, what, 24 hours . Unbelievable. And maine is amazing. Maine is one of the most good for places on earth. And people dont know how larger landmasses. As large as all of new england, when you think of it. That is some piece of land. Can i buy some, please . Can i buy some . Can i buy some . Ive been watching with great interest as we get to go down the line, we have gotten some amazing results. Every single time i went to new hampshire, whenever i met with people, they would always say number one problem number one problem heroine number one problem. And i would say how is that possible . You look at these beautiful fields and the beautiful little rose and everything is so beautiful. And it was the number one problem and it comes from our southern border and we are going to close up that border and we are going to build a wall and we are going to stop the drugs from coming. And people are going to come into our country, but they are going to come in legally. But we are going to solve the problem. I watch these pundits. When i first started, my wife and i came down the escalator. When i first started coming was an amazing thing. I said we have to do something because we have people who dont know what they are doing. They dont do what they are doing in running our country. And i got some of that today, just in hearing some of these things. But they dont know what theyre doing. We have to do it. And it takes guts to run for president. Im not a politician. Im not a politician. Ill talk no action, nothing gets done. So. We coming down and i said to myself, you know, there are so many things. Then i watched the pundits and they say, trump, i dont know, we have some great talent running. And him try to figure out where. Where . Whats the talent . You see what happens with trade. Trade has been such a disaster. But the pundits all said i came out at 3 , first of all. Going toays, if youre run, youre going to win. But if you run, you are going to win. I said, she is my pollster. I pay her less money, but she is better i started at 3 on the first day, which i was not thrilled about it then it went up to 6 , up to 12 , to 18 . Time it would go up, the pundits would say he plateaued. Then i wouldve to 12 . You know, that is a solid group your that i went it when he 4 and dont forget thats with 17 people. 24 with 17 people is a lot. They said thats the max. Then we went up to 28 , 32 percent. Just came out with a pole trump 49 . [cheers and applause] thats high. Im very proud of it. This is not a plateau. This is a movement. Time magazine did a story recently, a couple of weeks ago talking about what is going on. And theyve never seen anything like it. I dont think im exaggerating this at all and i dont want to exaggerate, but many of the great writers, which there are very few because the media is among the most this honest people i have ever dealt with, but they said that, in the history of this country, theres never been anything like this happening. We were in huntsville, alabama, the other day. We had 35,000 people. We went to arkansas. Is that another one . All right, i get him out. They just dont stop. All right. Get him out. Byebye. Incredible. Now, you know, you can be nice. But if youre nice, they say, oh, you are so soft. Then you can be vicious, get out of here, and then you are too harsh. So i developed a nice, please get in out get him out. Thats incredible. I love you, too. Know, im way, you self funding my campaign. M putting up all my monday money. I dont want your money. I just want your vote on saturday. Big, forget, i did that longterm, slightly long, the rig turns you can get out to vote, ok . Thats really super. Thank you, thank you very much. Our country and our theme is make America Great again. Ivethe last little while, met so many people, thousands and thousands and thousands of people like this. We are only confined by the size of the room. Thousands and thousands and thousands of great americans. I have more confidence in this country now than i have ever had before. I have seen i mean, millions of people really. When you get 35,000, 40,000 people for rallies and we have by far the biggest rallies. Bernies second, but he is a distant second. But he is second. I have to give him credit for that. But we have by far the biggest and i see by far the most people. And this country has unbelievable people who love our country. Just remember that. And i want to see the day in the nottoodistant future when apple makes their iphones in this country and not in china and all of these other places. Now i heard and i saw a little bit of it, but i heard that mitt romney made a fairly long speech. Honestly, ill just address it quickly because it is irrelevant. Mitt is a failed candidate. He failed. He failed horribly. Badly. Ed that was a race that should have been wondering have been won. I dont know what happened to him. He disappeared. And i wasnt happy about it. Fan of barack obama and that was a race that i backed mitt romney. I backed him. You can see how loyal is. He was begging for my endorsement. Drop to yourtt, knees, he would have dropped to his knees. He was begging me. And he said, oh, im not big like him. Since then, i have done much better. And now he tries to do me in, but we will talk about that in a second. Mitt was taking about running again. He ran a horrible campaign. It was a campaign that shouldnt have been lost. He came up with the 47 . He did mean 47 of the people in our country, right . The famous 47 . Once that was said, ill be honest, once that was said, a lot of people thought it was over for him. Then the last month and a half, he disappeared. I called his paper his people. I said, you have to do yourself a favor. Obama was all over the place the last three or four weeks. Mitt was looking for zoning for a noncar garage or something in california. You are running for president. Mitt was a disaster as a candidate. If the press goes back, they will see it. When i heard he was running again and i wasnt sure i was going to be running. But i was very, very strong to mitt and to everybody publicly. I didnt want to talk to him. I was so disappointed in him because he let us down. It is one thing you losing your work and your work and you go. He let us down. Won. Ould have something happened. He went away. He was gone. He was horrible in the third debate. Something happened. Maybe someday they will write a book. His campaign guy was terrible. He had a terrible can make campaign manager. Hes always on television knocking everybody. The guy ran one of the worst campaigns in modern politics. And mitt ran probably the worst run people will see. Most people thought that the republican candidate would win. Mitt started raising his head a few weeks ago, i was very strong. I said mitt romney should not run. He is a choke artist. And i said it very strongly. And then jeb bush actually convinced mit not to runt. Can you imagine . Jeb sold him. Jeb is a good salesman. He is a highenergy salesman. Jebmitt was afraid of because he was afraid jeb would get the money. I wasnt afraid of jeb. Jeb bush convinced him not to run. Mitt was going to run. He went to see jeb and jeb had him convinced that he was going to run and he had the money. And mitt chickened out. But it wasnt jeb. It was made. Mitt it was me. Mitt was also to run. That maybe he had a desire at the convention. But Hillary Clinton is going to tear him apart. To run. She is allowed assuming she is not arrested for the email thing. The lets assume the democrats are going to protect her. Lets assume that i will be running against hillary and i really want to. I would love to run against hillary. And by the way, we have numerous polls that show me beating her easily and i have not started on other than four weeks ago when i did. She called me sexist and i hit her with the husband. And that was the last word i heard. They had a rough weekend. That was a rough weekend. Bill was not happy. I guarantee you he said, dont say that to him again. Say to anybody else, but not trump. Run and was going to i was very, very angry that he was going to run. I didnt even know i was going to be doing this. But i felt i wanted to. Came to me and they wanted to extend the apprentice. Burke of comcast came up to my office with the people at nbc. Please, donna, we want you to do please,entice donald, we wanted to do the apprentice. And i said, no, i think im going to run for president. They didnt want me to because the show does great. Run. Ately, i decided to we chose arnold schwarzenegger. Who would be better, arnold or trump . Ready . We are going to find out if arnold is quick. If he is not quick, he is not going to look good. When you have amoroso and amorosa and all the others coming at you, you have to be quick. They renewed the show with me in the upfronts and i said i cant do it. I gave up a lot of deals. I gave up a lot of things to do this. Those are people try to get in and can you believe it . How about everybody clearing out and we let a new group in . Is that ok . When i heard mitt was going to run, i was very tough. I said he cant run. He cant run. He was going to run. He cant run. And then i said we have to keep him out because he is going to lose. He is a choke artist. I started hitting himself hard. People asked, why are you hitting him so hard . Because we cant take another loss. Mitt is indeed a choke artist. Anybody chokeeen so hard. Rubio of florida. He was standing there shaking, sweating. Im standing here like this. He is over here. Im getting ready to grab him because i thought he was going down your im telling you. Choke. T did a great big a couple of things i heard he said. He didnt mention the fact that i built the west side of manhattan. That i built building all over manhattan. He talked about a beef and a water company, which i still have. Numerous of those things i have the magazine, numerous other things. Get him out of here. Get him out. Hey, by the way, speaking of the hispanic vote by far in nevada. The hispanic vote in nevada, in the polls. We won nevada, south carolina, new hampshire. Then we had the big, big tuesday where we won a chairman december. A tremendous number. Ultimately, mitt chickened out. Now lary is weak and he sees hillary is weak and now he says i wish iran. A couple of things were mentioned that i have to discuss. When he talks about may, i wrote a couple of them down, they dont want to talk about 92story buildings all over the place. They dont want to talk about the bank of america building in san francisco. They dont want to talk about the westside Railroad Yards where i built the city on the west side of manhattan. They dont want to talk about 40 wall st and all the buildings. They want to talk about water, which i still have. I supply all my clubs. I have a water company. The want to talk about a magazine. I have a magazine agosto all of my clubs yard little tiny whatever you can find. A school, they call it trump university. Just so you understand the school, the school had 98 approval rating. But you had an attorney who fell, oh, maybe i can sutra up and get something. Another other words i can i can sue trump and get something. Where two commercial people were saying negative and then we show them the statement that they wrote. They had to take the martial down. Because 98 of the people who took the course said really wonderful things. From the Better Business bureau. I cant and heres what thing i say about business. I watch these bankers and they get Million Dollars a year. Friendly, which ridiculous. Then they settle with the third 2 billion, 3 billion, 12 billion. I say, why dont you fight it . And they say, well, its the government. I say, you have to fight it. If you dont fight it, you get sued more. You have to do whats right. University, i knew i could get some bad publicity, but i had to do whats right. Do we agree with that, by the way . Its a very small case. It is a civil case. It is not a big deal. I am going to win it in court. It will cost me more money to win it in court. It wasnt a little bit later because i happen to be running for president. Any businessman or businesswoman has lawsuits. To win the case. Mark it down. It will be forever because it takes forever. I do not like to settle cases. Once you settle cases, everybody says am a hes a settler, lets sue. Made of people do not sue because they say it is too hard. So one of the things that mitt brought up, which i think is so serious, he said about trade, we nobody keep trade knows more about trade than me. I have a store that is worth more money than mitt. It is a store. I made that statement jokingly when i was in iowa, and the morning register pimco a terrible paper, they called up and said that is a terrible statement the des moines a terrible paper, they called up and said it is a terrible statement. My store is worth much more than him. It is on 5th avenue. Gucci, a gucci store. They said, we do not believe a store is worth 150 million. They actually went out and got three appraisers him and they said that store is worth some 400 million to 1 billion the review can check your local des moines register, if it is still open. But i build an amazing company. One of the reasons you know it is amazing, the hottest probably in the history of the General Services administration, the gsa, the government service, is the Old Post Office site where the post office is billed in washington, d. C. An entire block fronting on pennsylvania avenue. So if i do not get there through the white house, ion getting there anyway, folks. One of the most beautiful buildings in the country, incredible, a landmark building. The gsa, for many years, has owned it. They wanted to develop it for 30, 35 years, but it never worked out carmen never happened. Then they went to bid. They had more bidders and more highlevel bitters, i think, then they ever had before. So this is just about the hottest job that they have ever put out to bid. Every Hotel Company wanted it. It, and everybody wanted it. So they went out to a public space, and they look at how an look atbidder was their ideas. Well, they left my idea. It is now two years ahead of schedule. It will open in september. We are two years ahead of schedule. By the way, the gsa people are terrific people. And we are under budget a little bit. The only reason were only a little bit under budget is because i am using marble, not a bad idea, right . Was,eason i got chosen number one, my Financial Statement was so strong that it could guarantee completion. They did not want to have ms where it goes out of business. Number two, i had the best idea. Byn i listen to this mitt the way, this is not the obama administration. I said to my daughter, who is very much involved, i said, you know, maybe, maybe, we are not going to get it no matter how good we do. But my Financial Statement is so strong. Romney talks about taxes, right . Why doesnt he do his taxes . Very little dealer from taxes. Little you learn from taxes. I have a net worth that could be over 10 billion, probably over. I tell you because that is the kind of thinking we need. E have 19 trillion in debt it is the kind of thinking we need. I have very low debt and have tremendous cash flow. And i found my financials. So when he says, oh, maybe there is something in his taxi turned there is nothing. I get audited every single year. Because the company is so big, they audit fortune 500 companies every year, so because my company is so big, or some other reason, which is unfair, they audit me every year. I think it is very unfair, but i have been audited every year for many years. When the audit is finished, i will show my tax returns. I have nothing. You get audited, you finish the audit. Routine stuff. Any release and then you release tax returns. At the federal elections office, you will see him as 100 pages of schedule. I could have delayed it six months. I filed them within 60 days. The accountants words over time. I did not want them saying, oh, he is asking for extensions. Wanted tott, i just tell you that he came out it was a very nasty. I mean, i doubt he was a better person than that. I helped him raise money for his campaign. The first fundraiser i had for him was so successful that we had the second one that same day. His wife was a lovely roman woman, really lovely. We had a fundraiser at my apartment in trump tower, and i did a great job. A lot of them would say, donald, he is a stiff and will not win. I said listen to the guy. But we had a fundraiser, and it was so big, and it was raining out i will not forget this it was a miserable, miserable day, and hundreds of people came in for phase one. And we said there were too many people, so we called for another one an hour later. And because everybodys shoes were so wet, i ruined my carpet. This carpet was wiped out, and nobody thanked me for the carpet. Maybe i can send mitt a bill for carpet ruined, right . But when you help somebody he asked me to make robo calls. I made six robo calls for him. Every single place amid the robo call, he won. North carolina, six different places. A so you help somebody, and then he turns. I will say this, i will say this he probably had a right to turn, because nobody could have been nastier than me and getting him not to ride by saying he is a choke artist. I love our country too much. If he would have run, and even if he would have won, it would have been bad. He does not have what it takes to be president , that i can tell you. He does not have what it takes to be president. I want to mention one thing, because it works so well to it works so well. His speech was so long and covered so much territory, ridiculous. He did not mention many of the many buildings. Were building over 120 jobs all over the world. Scotland, one of the great places in the world. Where theyre having the world Golf Championship today, and i am in maine with you. I dont know. Rory now glory mcilroy, everybody is down there, tiger. But they are all there. They are all at my place, and here i am making a speech in maine. Ok . So if i do not win on saturday, i will say, boy, was that a mistake, right . Anyway, look, trade. He talked about domestic. [inaudible crowd response] bye. Rump bye bye bye. Get him out. Get him out. I love you, too. These people. Tell you what, your police are fantastic. Do we love our police . [cheers and applause] where would we be without them . In all fairness, they are so abused. One stupid incident or a bad incident or there is one bad person, out of the whole country , and it is the biggest story in the news and plays forever. And people do not realize how great a job the police of this country do, i have to tell you. So [cheers and applause] mitt was talking about domestic we need trade and we have to deal with china and all these people. Look, last year, in terms of the trade deficit, we lost, with china, 500 billion dollars. We lost with mexico. That is why mexico is going to pay for the wall, folks. Look, the wall, we need actually, 2000 miles. We need 1000 because we have a lot of natural barriers. It will cost 10 billion. Expensive wall. It will be a trump wall and will come in under budget. I have to name it after myself here jedi . I do not think so. We want more than a wall. We want a real wall, and it will be a great while, and it will work. Believe me. Walls work. Properly done, walls work. It will happen. So you understand, they come up to me and say, but mexico will never pay, politicians. They said there is no wall. How can you build a wall . China build a wall that is 30,000 miles long to thousand years ago. The other good day z saysday, this guy cru were not going to build a wall to her then he says, we are going to build a wall. I told my wife to come listen to this beard i think rubio has bigger problems than worrying about walls. All of a setting, now they are talking about walls. We have, with mexico, a 58 billion trade deficit. If the wall costs 2 billion, that is a tiny fraction. 10 billion, i guarantee you, folks, that mexico is going to pay for the wall, just as sure as you are standing there. A politician would not say that. Use of insensate and you saw fox, and he grae through the fbomb out we have been listening to donald trump covering a range of issues. Lets go to our Washington Bureau chief. I kind of feel like we got what we were expecting. After we heard from mitt romney, we talked about this. What do you think . Look, i do not know that was vintage trump. I do not know what kind of trump that was. We were curious whether he would ng a president ial tone or an insulting tone. He started out very measured for him, not really talking about mitt romney. Think humanng to not even mention him. Then he went into this big tirade about mitt and about how mitt romney begged him for endorsements, and mitt romney accepted endorsement in 2012. And think the line was, if i asked him to get down on his knees, he would have gotten down on his knees. I expect that to get a lot of media play. About mitt talked romneys failed businesses and his inability to do well in the business world. Mr. Trump came back at that. Is it even . Where is the momentum . Speechess how trump can go, rambling with him turning and focusing on august details. He hates when people attack his business acumen. He goes back to all the buildings and how successful he has been. Today he brought up gucci boutique worth 500 million. He is right in saying that some of the attacks seem to focus on parts of his entire that were smaller in scale. But at the end of the day, there is a lot of tarnish underneath the gold that donald trump likes to talk about. There are a lot of problems he has had. Sued many times. I think those attacks will only increase. People want to take related suppression that he is this billionaire who has created this business empire, because that is resonating with voters. They see him as a sign of success. The opponents will try to chip away at that. Carroll mitt romney has pushed for him to release his taxes. Will we ultimately get them . We have to at some point, do we not . We will absolutely get them at some point. This is the problem with mitt romney as the messenger. He had his own problems with taxes and his own failings on the trail is connected to his ge as an out of times judge barron. The taxes, a lot of people here tax returns and mitt romney and thing, wait a second, didnt he have his own problems with that . Rump, people are interested in the spectacle and the circus like atmosphere he brings. I think he will be able to keep that in the corner for now. there will be a foxnews debate this evening. It will get huge ratings. How has everything that happened today set donald trump up this evening . Hugethink it will be a point of attack for both countries and marco rubio. They will say, one of the leading rigors of the washington establishment is basically called you a fraud and phony. For them, this is a good attack line. This is a major republican figure. What will be really interesting to watch is whether he keeps his cool. Whether he does what we saw in the last debate with people shouting and screaming and attacks flying. Trump holds his own in these things, particularly in the polls. Every time they think they have got him, he is up three and a half points in the polls. We will see whether he loses his cool a whether he has his strategy for fighting back what will be a ferocious attack on him tonight. Carol donald trump mention some of the polls out there, and he mentioned he will go after hillary as his next target. Is he gaining momentum when it comes to polling . Him at 49 poll showed points, and that is a national poll, and those are difficult to gauge when were still in a state by state battle. One of the things about donald trump has always been this as a version of money his opponents that he is getting a certain level of voters, and he will my push beyond that. More than 60 of Republican Voters are not voting for him. The problem is that he is put together a Broad Coalition of voters. The demographics are the demographics. In several states, he has won across all of them. Women, men, young, old, in nevada, he mentioned, he won some votes. Risingan get the number and if he starts to go in the in some of these states, that will be interesting to watch, particularly if the race winnows. Carol what is next for the Republican Party . ,utting out that speech today mitt romney, seemed like the last hope at the chipping away the momentum we have seen by donald trump hear it at this point, do they have to start rallying behind donald trump . You look at congressional elections. This could be key. It is a keyy, and issue facing them going forward. This is the first prong of an attack. They will use media and other people than mitt romney to send up his message. If he is the republican candidate, they will not go down without a fight. They will be looking to next tuesday with michigan to try to shore up support to their looking at march 15, florida and ohio, two states that are home to two of the candidates. There are meetings in washington and all over the campaign trail to figure out how to stop trump. If they fail over the next two weeks, that is it. If we get to florida and he wins, that is it. They will have to decide if they split or get behind the nominee. Carol something new all the time in this process, fascinating to watch. Thank you so much. Donald trump continuing at that rally in maine. Apple getting more support for its fight with the government. At t has filed an amicus, or friend of the court, brief in support of apple, urging California Court to vacate the mans on apple to help the fbi unlock and encrypted iphone. Yahoo and samsung have also weighed in without filing form will briefs. This story also continuing to evolve spirit youre listening to bloomberg markets. Back in a moment. Back. Welcome tracy time for the Bloomberg Business flash. One of the things is what is going on in the markets. We are waiting on that jobs report tomorrow. Lets bring in julie hyman. Spiderwe have a sector report that we do on thursday ahead of the jobs report. Stocks are not doing a lot. They are just resting along. Maybe we will see more of a change tomorrow after the jobs report comes out. Were looking at the xle, the Energy Select spdr. Partly because of refineries. Bank of America Merrill lynch says they expect a purge of inegrate gasoline to bring the summer grade gasoline, positive for refiners. These shares are trading higher today. Within energy, were looking at chesapeake here just the Energy Shares continue to go higher today in a very big way. They rose yesterday. Of course, we have been talking about chesapeake is the mcclendon, wasey killed yesterday in a car crash after having been indicted for big rigging the day for bid rigging the day before. Partially ang at short squeeze as a driving these shares higher for the second straight session. Moreain over two days is than 40 of it i think we are over 50 at this point. The xle is higher, even with oil and natural gas both lower. Crude has really been little changed for the day. Natural gas trading at a 17year low once again. That does not seem to be slowing down the broad market or the Energy Shares. And a look at gasoline. Retail gasoline. The price has also bounced. Oil has bounced, stocks have bounced. Days, thee straight longest run we have seen since last may. Gasoline is still very cheap. Excited to see if the markets gain more direction after the payrolls tomorrow. Julie we will see. Messenger video snapchat is becoming the worlds most downloaded apps. It has over 100 million daily users. But can it make some money . Tracy lets turn to max chaikin who wrote the cover story for Bloomberg Businessweek about snapchat. A start with the basics. I think i am probably the only millennial who is not on snapchat. To you can send selfies your friends. That is sort of what everyone knows about it. A few years ago people were talking about sex sting and inappropriate features, and that is what it was. Depends,ppear it but everything is gone after 24 hours. It has secretly turned into this really Important Media company that threatens facebook and twitter and maybe also, in some far off way, some of the bigger entertainment companies. People are spending huge amounts of time on it. Carol when you look at the numbers and ratings, it is comparable to some popular shows on tv. Snapchatalked to a big personality, a dj. He said, jokingly, that his following is bigger than any show on tv here not quite true, but when you look at the demographics of snapchat, 86 under 35, and you compare it to popular tv shows, it is not that off. You can see why advertisers are going nuts for this thing. Tracy does the Business Model rest on advertisers . Max 100 . They played with a little ecommerce things and talked about that in the future, but for the most part, it is ads that look quite a lot Like Television advertisements, except they are vertical, which sort of a hard thing to pull off if you are trying to create these things. The cameras are all horizontal. Tracy what kind of revenue are they getting . Will not say. They are supersecret fifth. What we think is probably 200 million or maybe 250 million this year, but what is important about that is that it is just scratching the surface. They have only done a few advertising deals with bigger firms. They have not gone through to the smaller midsized businesses that are the bread and butter of facebook. As they get better, it can get much bigger. Carol it is interesting. You should check out the story. You can read more about the king of snapchat. Thanks so much. Do not miss with all due respect at 5 00 p. M. Lots for them to talk about. There will be a preview of the big Republican Debate tonight in detroit. About 60 minutes away. Stick around, everybody. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, good afternoon. Here is what were watching. Markets bouncing between gains and losses today as we wait tomorrows jobs report. Major averages hovering around sixwe ties. Mitt romney tries to take down donald trump, calling him phony and a fraud. Trump fires back, calling romney a failed candidate. Is it too late for the gop to focus on winning the nomination . Take giants may rushing to apples side against the fbi. At t filed a friend of the court brief, and any moment now, the tech giants may file, as well. Are one hour from the close of trading, and stocks are bouncing around today. Lets head to the markets desk