--bob doll, chief equity strategist. coming up, tech ipos snapping. snapchat seeks to buck the trend of whether itary will live up to its valuation. that is up next on the markets, eight minutes into the session. we are seeing the biggest declines so far. the s&p 500 down by one third of 1%. the dow up by 64 points. from new york city, this is bloomberg. >> this is bloomberg daybreak. i am taylor riggs here in the hewlett-packard enterprise greenroom. coming up, former jcpenney ceo allen questrom. alix: this is bloomberg daybreak. snap continues to try to win over investors as it prepares for its ipo next week. all eyes on the first major tech ipo of 2017. ipo is alex, bloomberg reporter. how is it going? they have gone through their london, new york and boston stops so far and it seems like a mixed bag. talking to investors who have gone through the yields before, a lot of them are saying, i don't have how this is going to play out. i did at twitter and facebook but this is one where, how it -- how does one start trading next thursday? a lot of that

who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. they are buying treasuries. to me it's a joke. these are the two guys who aloud this to happen. then when the mole thing crashed, these guys came to rescue like the fired firemen lighting the fire then coming to put it out. that's how i veufd this act that locked up not just the banks. but people learning and understanding investments that could be to their advantage because they need to be sold products. people need to be compensated properly for that. gary: can you explain to the viewers, what does it mean if this rule that was supposed to go into effect in april.

. >> can you imagine a tea party emerging that held up bob doll as one of its leaders? >> there's a broad anti-establishment populous move in this country. what they've been trying to do, the best people in the democratic party, the best well intentioned people have been trying to merit together liberalism, the people that hillary clinton have pushed. it's not that they want to -- they're not as noxious as steve bannon. that marriage is a very, very uncomfortable one, and it's not enough to motivate people to vote. i think the leadership needs to look a lot more like the messages that were coming out of the bernie sanders campaign. a lot less like the try angulation you got from other quarters. >> sometimes the answer is to get in the way, get in the streets, get involved, protest, get in the way. sometimes the answer is to get out of the way. >> if the wrong persons are leading the way at the moment. how do they get out of the way. i saw senator warren had a pretty scathing critique. that's coming from a sitting democratic senator. they're not the kind of representatio

robert doll will join us. bob doll has outperformed 99% of the hedge funds. just be in the market. this is bloomberg. ♪ tom: good morning, everyone. "bloomberg surveillance." jobs day. i am tom keene in new york. francine lacqua is in london. taylor: in paris, there has been an attack outside one of the world's best-known museums. itnce's prime minister says is characteristic of terrorism. a soldier outside the louvre -- was opened fire on after wielding a machete and screaming "allahu akbar." president trump will sign an executive order into scaling back financial regulations put in place since the recession. plus, the president will put a halt to regulations hated by the financial industry. the so-called fiduciary will requires advisers on retirement accounts to work in the best interest of their clients. iran has responded to president trump's executive order banning visas for iranians. iran's foreign ministry says a special committee reviewed a case before a decision was made. impose. is expected to new sanctions on iran for testing missiles and sponsoring terrorism. accordin

how many grammys do you doll in this shop? >> all together, we're making 600 grammys in a year's time. >> reporter: growing up in los angeles, billings was apprentice for bob graves, the grandfather of the man who crafted the very first statue in 1959. in his deathbed in 1993, graves passed on his legacy. >> he asked me to promise that would not let another person get the grammy awards that i would keep them. >> reporter: this is the mold for the cabinet portion of the grammys. >> reporter: each grammy starts with a base. 650-degree molten metal is hand poured into a custom mold. it's solidifies almost instantly into a shape recognized around the world. this is a special mixture of metal? >> yes, it's a mixture of zinc and aluminum and it has some trace elements in it. and i can't tell what you those are. >> reporter: that's the secret? >> yes. >> reporter: he even gave it its own name -- grammium. it takes 15 meticulous hours to assemble each statue, piece by piece. finished only when the familiar goldplate is formed, it's sc