betty: i'm betty liu. you are watching "bloomberg markets." back to the bloomberg best with julie hyman. the first move is -- the first movers are not in the green. drives, company is reporting third-quarter earnings that missed estimates. they are saying demand in china was weaker than they had participated -- anticipated. the company says fiscal third revenue will be $2.6 billion. teslas $2.7 four billion. was -- the previous report $2.7 billion. steep declines for seagate. airlines are doing better did delta coming out with its numbers. more important than the numbers for last quarter, it's the fact the company may be willing to reduce capacity in order to increase revenue. that is a shift for delta. it has been increasing capacity. those shares are up better than 2% if you look at the rest of the airlines. we are seeing advances for them as well. spirit, american, jetblue -- spread between the low-fare carriers in the more traditional carriers. i wanted to take a look at the charts of the company's it he. it's available seat miles. i got t

erik-- betty: i am betty liu in new york. you: i am mark barton and are watching "the european close" on bloomberg. a look at my options traders today, the most there is up the british since native began. the recent rally continues. betty: after yesterday's big rally, oil moves lower ahead of this weekend's opec meeting. how a potential agreement to freeze production at historically high levels could affect oil prices. mark: shares of tesla are following, tumbling, posting their biggest drop since 2014 after the u.k. promised growth would not be smooth. there will be a significant amount to achieve.

betty: i'm betty liu. it is time for the bloomberg business flash. a look at business stories in the news right now. the head of emerging market at rbc capital markets is leaving according to a person with direct knowledge of the matter. daniel penn cows or will department's month. he joined rbc in 2014 from standard chartered bank and before that he was at merrill lynch, lehman brothers, and goldman sachs. the ford f1 50 scored the top rating in new crash tests performed by the insurance industry. rival pickups from chevrolet, not -- only the ford truck received a good rating in a 40 mile per hour crash designed to mimic a partial head-on collision. ceos from traffic aura, the world largest oil trading houses say crude market woes are probably over. some traders see dresses climbing to $50 a barrel by next year grade oil has rebounded after falling to the lowest level in more than 12 years. the global glut may be easing on lower u.s. output. staying on energy let's head to the market desk where julie hyman has the latest julie:. we talked about oil

betty: and i'm betting -- and i betty liu. you are watching "bloomberg markets." time for bloomberg business flash. -- home salesly unexpectedly fell for the third straight month. sales dropped 1.5% and plummeted in the west coast down 24%. the overall0% of residential housing market. halliburton unexpected delays suggest its merger with baker hughes may be called off according to a key bank analyst that says, an announcement of the state of the proposed merger could come from baker hughes's board as soon as this week. shares of baker hughes under pressure. apple out with their earnings tomorrow. the results are expected to show how far iphone sales have dropped. in january, apple forecast ed more than a decade. the reason, sales are down in iphones. we are getting thicker into earnings season. 60% beating sales estimates. 61% beating earnings estimates. prettyar already set low? scott wren is a senior strategist from wells fargo. scott, i read your recent note about earnings season and you think there is way too much negativity about earnings season. why no? are

i'm betty liu. mark: this is bloomberg markets. betty: we are going to take you from new york to london to hong kong. we are a half hour into the trading session in new york, stocks are fallen, european markets are higher, but our investors repaired for what is being forecast as the worst earnings season since the financial crisis? mark: canadian pacific railways ending its push to purchase norfork southern, saying there is no clear path to a friendly merger. the move coming after the justice department said it opposed the takeover plan. betty: a new player in the bidding of yahoo!. the daily mail is interested in the news media properties. the company's discussions are still in the early stages. what this could mean for verizon. let's go straight to the markets desk where julie hyman has the latest. possibly a bad earnings season, but you could not tell from how the markets are trading. julie: the sentiment is terrible going into the season with a pullback of about 10% in the s&p on average. all three major averages trading higher

news headquarters, i'm betty liu. mark: i mark barton. let's get to bloomberg past first word news. vonnie quinn is at the news desk. vonnie: more flights are scheduled to leave brussels airport today one day after it reopens. only three flights departed yesterday. brussels airlines has flights scheduled to the u.s. and africa. handling less than 20% of its normal passenger load. wisconsin is in front and center in the race for the white house. among republicans, ted cruz leads donald trump by about 10 percentage points in the latest polling. trump is telling john kasich to exit the race. trump said if i did not have kasich i automatically when. on the democratically side -- on the democratic side, pretty sanders has a lead over hillary clinton. the supreme -- bernie sanders has a lead over hillary clinton. the justices will hear the appeal of amerco says he did not get a fair trial because a juror made offensive comments about mexicans, depriving him of his constitutional right to an impartial jury. he was convicted

betty: i'm betty liu. a look at business stories in the news right now. or motor apparently paid $199,950, 55,000 more than the sticker price to buy one of the first sport-utility vehicles made by tesla according to vehicle registration documents. the model x was the six to fourth one made at teslas factory in california. the vehicle with michigan plates has been spotted in the detroit area. automakers often buy cars made by competitors for road testing and teardowns to reveal components and materials and how exactly they are put together. itted continental has made official, shaking of its board as part of an agreement with investors. robert milton will be the new chairman. milton will replace the current chairman henry myers. united agreed to give seats to firms askcapital -- for a chairman with airline experience. in other corporate news we are watching intel shares rising today after the worlds biggest maker of semiconductors made the decade.cut back in a cory johnson joins us now for more. this is a shift we have seen with a lot of older big tech com

betty: and i'm betty liu. you are watching bloomberg markets. time nothing to bloomberg business flash. the biggest stories in the news right now. a billion lost nearly dollars, but the ceo says the bank is in control of the risk that it takes. , veryional risk is quote well-managed. he faces confusion over losses on risky in trade -- fixed income trade. a special board committee has done no additional accounting issues that will require more restatement. promises to file the report on or before april 9. and the company that limits your thoughts to 140 pictures will now bring you pro football. they have run the right to show thursdays nfl game on line. twitter and nfl. that is your bloomberg business flash. it is risk off as you can see. equities across the world are selling today. gloom,l of this doom and there is some optimism. -- biggest all on the street bull on the street is here to make his case. his calls have really messed. missed.y you feel good about a rally this year, but our clients feel good about the market? >> they do not. they ar

betty: it is 11:00 -- 11:00 in hong kong. i'm betty liu. mark: you're watching the european close on bloomberg markets. ♪ we are going to take you from new york to london in the next hour. here's what we're watching today. report surprised decline in loans impairments. a boost in capital. shares wiping out their losses to the investors, like what they see in the strategy update. talk withare going to t-mobile ceo john ledger as a wireless carrier adds one million subscribers. sales rise 11% in the first quarter as the company boost its outlook for 2016. bloomberg's exclusive interview with patrice. the company winning one of the biggest defense deals, a $39 bil

betty: and i am betty liu here in new york what a beautiful manhattan skyline there. one weather. spring is finally coming back. mark? the central banking world continues to face increased questioning of monetary policy's effectiveness. calln king has headed the by central bankers to recognize that monetary policy is close to its limit. he spoke inclusively to "the pulse" this morning. mr. king: someone come into this world from mars would say governments have said the answer is monetary policy for eight years. it is not generating a significant recovery, and the reason is we are not facing the normal postwar business cycle conditions. we are facing the need to restructure many large economies and the world economy as a whole. it is a major dissent will him that monetary policy -- disequilibrium that monetary policy can buy time to do something about it. danger they there a are buying time? it is making the next crisis more likely because we are putting off the things we need to do. francine: because we're looking at the wrong economic indicators, or what is wrong with the busines

betty: i am betty liu. you're watching bloomberg markets. we'll get some of the biggest business stories in the news. with the stateng and the dutch phone company. the move would come less than three years after the mexican billionaires go through the 21 are staying valued at 3.5 alien dollars. edison will pay 975 billion dollars to form a joint venture with equity partners. link u.s. gas fields through the market. stagecoach guest services will be managed by chris would. they will be open through new york. the center this morning is ripping as he seeks for letting steve cohen start his own firm. he reached agreement that bars him from running a hedge fund. yield to not prevent him from starting a new investment firm from last week. senator lawrence says it raises questions about the ability to protect investors. that is your business flash. we go straight to the markets desk julie hyman. earnings.ng out with >> they had earnings far ahead of estimates. all regions ofss the globe, the have record results in north america. that income doublin

headquarters in new york, i'm betty liu. mark: you are watching the european close on "bloomberg markets." we take you from new york to london in the next hour. estimates, the firm managing to avoid any misconduct charges. crude rose above $45 a barrel for the first time since november this morning. could it signaled the worst is over for oil? valeanhe spotlight is on t today. bill ackman set to testify in washington and answer any questions on drug pricing. what can we expect? betty: i want to mention that oil took a dive after those inventory numbers came out. julie hyman has the latest. first, let's talk about stocks and earnings today because we are seeing some big disappointments with an earnings and stocks have also turned a bit lower here. earlier, they were little changed, but now, stocks near the lows of the session. some of it has to do with apple. we talked about the ripple effect to some apple suppliers. it is all a big cap tech that is feeling the pain. microsoft, amazon also trading lower. we will hear from fac

betty: i am betty liu in new york. this is the european close. mark: if britain decides to leave the eu, there is a corner of the credit market leaving with it. european banks could be left having to replace as much as 108 billion euros or $123 billion of security. joining us now is alastair marsh , why could european banks be left with replacing as much as 108 billion euros of securities? banks and global regulations are required to hold a certain amount of liquid assets that they can so quickly in case of an emergency. one of the stories or things you learned from the crisis was that banks were left holding assets that they could not so quickly when they needed cash. and as a result, banks have a requirement to hold liquid assets. mark: what are these securities? alastair: the biggest portion our government bonds, highly liquid and can be sold quickly. a portion of that is also acid -- asset bank security. from mortgages or credit card debt or auto debt and those kinds of things. mark: why won't they count anymore? alastair: under eu rules, the

betty: i am betty liu. you're watching bloomberg markets. we talk about some of the biggest business stories the news today. carrier is ordering 20 airbus is and 15 boeing 77's. the airline revealed its plans. the airline stock exchange is planesng -- retiring six . there a place of their chief executive after learning had a personal relationship with another employee. has resigned. he was the ceo it priceline for two years. he was replaced by the former ceo jeffrey boyd. that is your bloomberg business flash. we go straight to the market desks were julie hyman is looking at everything we have seen in the last few hours. julie: it was 45 alien dollars. three of the biggest earned one industry alone. health care is remarkable. to look at the heart device. the share is the overall value. you can see shares pulling back a little bit. saint jude is on the rise. this one is just a proposed deal. that is what they have done. the french drugmaker. it was 9.3 $3 billion in cash. this was formally made privately that has now been made publicly. they

betty: it is 11:00 in new york and 11:00 p.m. in hong kong. i am betty liu. mark: i am mark barton and you are watching the european close on bomberg markets. ♪ mark: we will take you from new york to london in the next hour. economistrmer chief gives us his take on negative wantsst rates and why he qe2 boost europe's economy which he says is recovering slowly. releasingyd blankfein his letter to shareholders, we will tell you what he is saying about the firm and the state of the economy. mark: a first interview with the ministernance deputy about the state of the european union as it faces challenges from a potential brexit. continuing negotiations.

erik-- betty: i am betty liu in new york. you: i am mark barton and are watching "the european close" on bloomberg. a look at my options traders today, the most there is up the british since native began. the recent rally continues. betty: after yesterday's big rally, oil moves lower ahead of this weekend's opec meeting. how a potential agreement to freeze production at historically high levels could affect oil prices. mark: shares of tesla are following, tumbling, posting their biggest drop since 2014 after the u.k. promised growth would not be smooth. there will be a significant amount to achieve. we are into the trading day and that's check with the markets are heading. let's go to julie hyman with the latest. julie: let's take a look at the major averages. we are seeing the lift on chinese export data, bank earnings in the u.s. and major averages hanging on around their highs of the session. if you take a look at the volume volumebloomberg, it is by industry and we have a big surge in volume in the financials, energy stoc

betty liu. manus: i am manus cranny. hq in live from bloomberg london and new york. the central bank may help financial institutions by offering a negative just rate on some loans, this according to some people familiar with the talks that may happen along with the decision to make a deeper cut to the current negative reserves rate that they have. the yen is sliding against the dollar on this report. this is the intraday move where you have the yen declining and the dollar rising. that will keep the bank of japan happy. joining us to discuss all these issues is a global research analyst from wells fargo. great to have you today, peter. to, again, moving another new paradigm with the bank of japan, which is actually giving institutions money and letting them landed out at a negative rate. that is similar to what the ecb are doing. these are all new steps into the unknown, aren't that? steps they certainly are into the unknown. we have seen over the past two use that brought monetary policies havi

betty: im am betty liu along with mark barton. julie hyman is at the news desk with once -- with one more. julie: the industry data showed a drawdown. it looks like it is a bigger than estimated build. weeklion barrels is the over week increase in the inventories. it looks like in particular, the ,ig hub, 7 million barrels higher than anticipated even with gasoline. of 1.6 million barrels. refinery utilization also by 1.3%. looks like a build on that -- not only in crude but in refined products. that would appear to be bearish for oil prices. this shows a look, us the real time. you can see it is still higher by a of 1% but taking a very sharp like downward on the headlines. i will keep going through not only the inventory numbers but the production numbers of crude is important week after week. i will see what else we can find, most definitely. thank you. vonnie quinn has more in the newsroom. reports of process in venezuela as the government officers close the rest of the week. the presence of the public sector will work only on

betty: 11:00 a.m. here in new york, 11:00 p.m. in hong kong. i am betty liu. kevin: live from london, i am caroline hyde. live from london, i am caroline hyde. going to take you from new york to london in the next hour and this is what we're watching. u.s. stocks a recovering from early losses right now after this morning's march jobs report. adding two hundred 15,000 jobs last month, but european stocks remain lower in energy posting losses as oil prices live. betty: saudi arabia reveals plans to create the world's largest sovereign wealth fund that could eventually control more than $2 trillion in assets. caroline: apple drops one of its biggest heart suppliers, adding phillips. we look at the supply chain shuffle ahead of the release of the iphone 7. betty:

i'm mark barton with betty liu. let's take you through all the action. stocks were closed higher for the first day driven by earnings results from standard chartered and bp. up byoxx 600 of by 1 -- one quarter of 1%. expected refining and trading performance helped mitigate the lowest crude prices in more than a decade. bp isexecutive of continuing to drive down costs so it can pay its dividends. 600 oil andhe stoxx gas index high today. up by 4%.my 4% -- big day for the banks. standard chartered first-quarter profit. revenue sinking a bigger than estimated 24%. however, standard reported they surprised drop in the loan impairment and capital increased by more than analysts estimated. i've got another beautiful chart. big banks here in london on the ftse 350 banks index. today'sast 12 months, 10% decline has done a little bit to shave off losses for standard chartered in the last year. all the big lenders are lower. hsbc down. barclays releases results tomorrow. down by 30%. the manufacturer of aerospace and defense technology, biggest drop ever. trading

i'm mark barton in london with betty liu in new york. made a bid for one of spain's biggest builders in barcelona. he has also made an offer for a madrid-based developer. george soros and bill gates have also bet on spain's emergence from a poverty crash. -- retaileris pacific sunwear has filed for chapter 11 bankruptcy protection. golden gatety firm has worked out a deal that will them avoid liquidation. walt disney has released the first trailer for star wars rogue one. it arrives as "the force awakens" arrives on dvd and blu-ray. latestthat is the bloomberg business flash. betty: you said you can't wait? mark: i can't wait. i love it. everything "star wars." [laughter] you have a lot of competitors on that front. turning to the world of high technology, ale well cofounder cofounder explained what leaders need to know about the next wave of tech. >> the first wave was led by the government. the government invented the internet. they commercialized the internet. they broke up the phone companies to unleash innovation. letthe first way i

betty: i am betty liu. cme group reported record revenue to the tune of $934 million, a record rise from a year ago. they have gained more than 2% in the stock so far. joining us now from chicago is terry duffy, the cme group chairman and president. always good to have you. terry: thank you. betty: coming off of this earnings report as you are looking at growth toward the rest of the year, i know you expanded and continue to expand your global footprint. where are you looking to expand? terry: i think, betty, highlighted in a moment ago. revenue, up 29% from the fourth quarter of last year to the first quarter of this year, and year over year we are up 13% in volume. that is pretty good expansion right there. it is amazing how our products and distribution have gone all over the world. we really hit it out of the park with the energy trading and that is because it is coming from participants all over the world. betty: i am curious whether the continued uncertainty around oil prices, around the fed, is that

betty: and i'm betty liu. mark: earlier, you can't believe it. the weather here is completely, how shall i put it politely, not yet. business leaders came to europe earlier today and made the case for an exit to the e.u. take a listen to this. >> we want free trade in europe. we want friendly international relations with europe and little else. that's the right long-term place to be. this decision is all about the future. it's the long-term health of this proud nation. >> i'm afraid there will be serious disadvantages for u.k. consumers, businesses, and for the u.k. in case of leaving. >> the present situation in the e.u. was not satisfactory, and it needed radical change. i'm sorry to say i don't think that that radical change was met. it was disappointing. given we didn't achieve what we thought was necessary, then i think on balance, we ought to leave. >> market access around the world through trade deals is valuable. it's valuable for jobs. it's valuable for investment. it's valuable for the future prosperity of our country. what they tell us

betty: live from bloomberg world headquarters in new york and london, i am betty liu. >> we want the bloomberg first world check. -- restricting the bonuses of -- collecting most of their bonus pay. they could afford to return money their companies lose big. debt six u.s.y agencies will have to adopt the rule. security jeh johnson has rejected a scheme to measure border security. a consultant dismissed the idea as specific and misleading. the index came after a color-coded system to measure terrorist threats dropped in 2011 after widespread confusion and ridicule. an autopsy is scheduled for music icon prince. he was found in suburban minneapolis. his sparks an outpouring of grief from fans around the world. many more have posted memories on social networks. adam silver says 2017 won't take place in charlotte if that controversial law is still in place. other entertainers have caps off performances in north carolina because of the bathroom law. and the majority of americans replacing slaveowner andrew jackson with harriet tubman. say putting the former slaves on the dollar bill is th

betty: i'm betty liu in new york. it is time for the bloomberg business flash. a victory for google in the supreme court. justices rule google can proceed with efforts to create a searchable library of the world books. they turned away an appeal from authors who said copyrights were being violated. five years ago amazon begin will be streaming as a way to retain customers. now it has grown into a potentially lucrative standalone business. amazon is starting a video only subscription business to netflix -- to rival netflix. the company is offering a monthly payment option for amazon prime. the service targeted frequent online shoppers. the force was with hasbro in the first quarter. posting earnings that beat estimates thanks to demand for star wars licensed toys. sales of disney princesses also helped. that is your bloomberg business flash for this hour. one of our top stories, brazil's president dilma rousseff facing impeachment. richard haass believes brazilians might have a perception problem. he explains on bloomberg surveillance. >> the front story, the pre

you can watch the full events today. ♪ betty: live from new york and london, i'm betty liu. mark: i'm mark barton this is the european close. -- time for a look at some of the biggest business stories right now -- the international monetary fund's warning of a prolonged time of slow growth and raised the risk that the world will slide into stagnation. the imf says the world economy will grow 3.2%, down from a projected 3.4% in january. jetblue says it is expanding its meant first-class service. the carrier will add the service on some cross-country flights one week after the airline decided to up doubt of a bidding war for virgin america. ortho says it will stop using a chemicals widely believed to harm bees. they plan to phase out by 2021. they will change three products by 2017 and other products later. that is the latest bloomberg business flash. one of the biggest partnerships in football is about to change -- barclays ending its reign as the title sponsor for the league which will now have several top sponsors instead of just one. its 15 year ending association? it's a

betty: i'm betty liu. time for the bloomberg business flash. a look at business stories in the news right now. tesla says 276,000 people have put down a 1000 dollars deposit for the new model 3 electric car. the car will not begin -- elon model 3s the average will cost about $42,000 with options. the supreme court has rejected appeals by walmart and wells fargo of multimillion dollar class action judgment. walmart objected to a judgment .f more than $150 million wells fargo had appealed a $203 million judgment for charging customers to much in overdraft fees relating to debit card purchases. that's global market is making its second attempt at an ipo. at $2.1 billion, more than twice the expected valuation in its first attempt. ipo.withdrew its that is your bloomberg business flash for this hour. -- inwe are about 80 days an exclusive interview on bloomberg television, u.k. ambassador to the u.s., kim darroch made the case against a so-called brexit. the financial risks of leaving the eu are very real. sir kim: there are strong positive argumen

i am betty liu. caroline: and caroline hyde. we're in new york and london. saudi arabia is what we're watching. it is preparing for the twilight, the oil era they created a $2 trillion fund. a big step for the kingdom as it wins is up off the country's most prized commodities. sitting down the dimity crown prince -- deputy crown prince mohammed bin salman. jon had details with his excuse of interview. >> he has this obsession about moving the saudi economy away from oil and basing around something new. this $2 trillion fund into which aramco will go is amazing. it is enough to buy google, microsoft, off of that, the whole lot of them, the warren buffett them all of those things could go into one thing and it was still have change to spare. into that fund will go aramco. have an industrial arm, though at land, property. roughly twice as big as any other or more than twice as big as any other sovereign wealth fund. caroline: more than twice as big. what a phenomenal story. sure to break it down what it

betty: i am betty liu and you're watching "bloomberg markets." time for the bloomberg business flash, a look at the biggest business stories in the news right now. sun edison is talking with creditors about restructuring its financing coul. sessions are ongoing and there's no assurance it will result in a deal. it is hoping to avoid default on billion's of dollars in loans and credit facilities. bombardier is close to a deal is selling its jetliners to dell ta. it will be the largest for the struggling aircraft program and would equal half the total orders that the already has on its books. , the world's largest publicly traded hedge fund firm, is reporting that inflows of $500 million in the first quarter as its computer-driven funds attract investors. billion in a-point redemptions. that is your bloomberg business flash update. let us turn back to the latest economic numbers coming out of china. we have lots of steps to talk about. according to the bloomberg gdp growth tracker, china's economy rose to its highest level in 2014. it draws on a ra

betty: i am betty liu in new york. the future of energy summit is underway here. my colleagues at the grand hyatt with a very special guest. thank you. we are joined by the u.s. secretary of state john kerry. our would like what the potential partnership between the private actor in a government with the climate change. what are you asking the private sector to do? >> make energy conscious decisions and her business. choices, we their actually have energy. move into an energy-based economy. be significant in terms of submissions and all the climate. it is the greatest economic opportunity the world is looking at today. millions of jobs to be created in macon's energy conscious decisions. by the way, when you power the plant more efficiently, you can say millions of dollars. >> are our ceos missing the boat? increasingly, major companies in the country recognizes. to do withengaged the climate change. pepsi, coca-cola, general election, where of a long list of american brand-name companies that are doing it. lots of other people are also engaged in lower levels. ca

betty: and i'm betty liu. this is the european close. the other big story, the world will be watching to key events, starting in brazil will be developing in brazil. chief onto the bureau whether to impeach dilma rousseff. does it look lychee is on her way out, julia? julia: the latest we have from the local media show that opposition has enough votes. they need 342 votes to impeach. it would be enough. betty: ok. if she does, then what happens? give us the mechanics of what exactly happened the government. julia: if they approve bpm process on sunday, then it moves onto the senate and it should take a couple of weeks for the senate to decide whether to accept the request or not. if they except the request, then rousseff is removed temporarily for 180 days while congress does its own investigation and don't ruling. then the vice president will take over or they could kill the process and rousseff is back. betty: ok. there is going to be quite a periods of uncertainty. how exactly of the markets going to react to this? how will investors

betty: i am betty liu. bloomberg's francine asked nouriel roubini what is going on with the yen. nouriel: part of the strength with the yen and the euro has to do with what is going on in the dovish, they, very will hike only twice this year at best, some fed governors talking down the dollar. int is creating, i was europe this week and japan recently, some degree of frustration echoes in shanghai there was an agreement that there would not be any attempt for competitive evaluation and in japan and in the eurozone, there is a since the u.s. is teaching and trying to push down the value of the dollar in a situation where growth is improving in the u.s. and inflation is going higher in the u.s., inflation expectation higher in the u.s. while in europe and japan, inflation going lower and growth is faltering. a bit of the beginning of currency tensions. if not a currency war between japan and the eurozone in one side and the united states. if you think that is something janet yellen is doing deliberately, mario draghi will probably add more stimulus, what are the options left for ja

we have a preview next. ♪ betty: live from new york and london, i'm betty liu. mark: i'm mark burton. this is the european close. if you get some of the big business stories in the news right now. it could be an ipo for the record books when saudi arabia sells a piece of aramco. the oil company will be valued just about $2 trillion. that is according to deputy crown prince mohammed bin solman. a valuation more than three times about, the of apple, the world's most valuable company. lester's seized by bloomberg news, aurora is to return $5.4 billion to clients under which the firm was to be sold to capital advisors. -- there may be a new ilife ally to sell sales of its airplanes. airbus will deliver the first planes built in its factory in alabama. overseas andld the buyers could tap into banks to help. that is the latest bluebird business flash. betty: apple shares are in a bear market. where they are trading so far in the session -- down almost 1% ahead of the earnings report, which apple hopefully is going to pull out a surprise upside, but the stock has been

betty: i am betty liu. this is the european a look at some the biggest stories in the business and is right now. plunge 60% andsensitiv is the worst performer on the dow. that is goldman sachs. that is the worst burning lloyd blankfein became ceo in 2006. it's on the biggest cost-cutting pushing years. the annual rate of 1.1 million homes sales was the lowest since october. it is a sign the housing industry lost momentum as it heads into the busiest time of the year. coca-cola says it is giving can't and bottles of its flagship soda a makeover. they are planning on beautifying the appearance of co-, diet coke, code zero. outone brand look will roll in mexico next month and spread out in other countries. coke is still considering his options for the united states. that is your bloomberg business flash for this hour. the bank of england's mark carney spoke at a house of words on the economic risks of exit. it is causing the pound the fall since its peak. mark: the central bank will make appropriate contingenc

betty: i am betty liu in new york. this is the european close. p be arriving soon as they went to find solution to address capital and bad loan issues. joining us now from italy is our green.rg news dan leaf tell us what this funding is about double by the bad banks. what are we talking about? >> we are talking about some sort of special vehicle that essentially will have two purposes. one, helping reduce this mountain of bad loans that italian banks have, one of the highest rates in europe. at the same time, trying to make banks which are facing capitalization issues wit which must raise issues to help them sell these issues to investors. there are a couple of big deals coming up soon. one of them a fairly large bank, medium-sized bank, in northern italy. they are trying to provide an of the same time keep within state aide rules some sort of cushion if you will to get through this next round of capitalization and at the same time reduce this level of loans. betty: who would be participating in this? dan: for what we know so far, and again, the

betty: live from bloomberg world headquarters in new york and london, i betty liu. mark: i mark barton. this is bloomberg markets. vonnie quinn has the latest from our newsroom. vonnie: britain's treasury chief has put a price tag on leaving the european union. 6100 u.s. dollars per household. the estimate is based on an analysis of the long-term cost and benefits of eu membership and alternatives. the study was published ahead of the june 23 referendum vote. opponents say the estimate is absurd. turkey plus state-run news agency says -- wanted a second in a border town. the rocket exploded near a middle school. two other rockets hit an olive grove and a building used as a storage center for hospital oxygen units. there were no casualties. south africa's oscar pistorius to determine art sentence for murdering his girlfriend. the sentencing hearing will be 17th.rom june 13 to the found guilty of murdering revis dean ted cruz says he has zero interest in being donald trump possible running mate. cruz spoke on good morning america. he says one of the reasons -- million

coming up, it is "bloomberg markets" with betty liu and mark barton. about 10 up in just minutes, we are going to get a slew of economic numbers. also the labor commission's index, which interestingly enough has actually in the last month shown that things are getting worse in the labor market. in fact, it correlates very closely to economic cycles. if we see another bad number there, might actually be signaling a possible slowdown or recession here in the u.s.? it has been a very good indicator on recession. we will have kevin logan help break down those numbers for us. we are going around the world on all the stories that have been happening -- everything from the panama papers to the rift between the imf and greece. what else is new on that front? and much more ahead. we have got a lot coming up, and mark barton is back. our version of battle of the charts comes back. stephanie: i've not seen you in a long, long time. great to see you, betty liu. we have another quick programming note. do not miss this exclusive interview with imf managing director

. ♪ betty: live from new york and london, i am betty liu. mark: i am mark barton. let's get back to the big story. betty: be big news on wall street is steve cohen forming a new law firm in order to raise outside capital. miles broke this story. explain this. how is this helping to raise outside capital? miles: it is a newly formed money-management firm registered with the sec. the registration was approved last month and basically, they will be forming private funds to raise capital from outside investors. mainly that will be wealthy individuals and institutions. it will be charging fees that will help to cover the cost of running his family office. betty: tell us about the relationship between this firm and steve cohen. miles: he is the owner. he owns 100% of the firm indirectly through a holding company that was formed in march. he will have no supervisory role so he will not be able to do any money-management for the firm. betty: so he won't be able to in his office, will they be employed by stamford harbor? they have about 15 employees. the top people at stamf

. ♪ mark: i am here is betty liu. time for the business flash. we will cut 10-15,000 job. part of the plan to save more than $1 billion per year. double one fits of the 18 takeover for august self. to be a major player in the phone market. now, he concentrates on networking infrastructure. the rules will require brokers who recommend for retirement say they meet the new standard hearing billions of investment dollars are involved. he reminds viewers to watch by putting their stars on facebook. for the recent episode of abc's agents of shield, the show started live on facebook to ask question from fans. fox and the discovery channel have had similar effects. that is your business flash for this hour. betty: ted cruz and bernie sanders victories in wisconsin goes under unpredictability. the madefter disparaging comments after chris's wife heidi. our next test -- guest is tina brown. the seventh annual women in the world summit is having this week in new york city. fact, it opens. >> it will be incredible. megyn kelly, carol street, diana washington, talkinge lagarde very abo

markets", "bloomberg with betty liu and mark barton. betty: we will continue the market conversations. if you got a job and money to spend, you might want to spend it on that model 3 that was unveiled by tesla. finally, matt miller is going to tell us the nine reasons why the masters is the greatest sporting event ever. that is quite a statement from matt miller. [laughter] vonnie: betty, thank you so much. it needless to say i am very envious -- needless to say i'm very envious. next, what to watch up for next week. ♪ go."is is "bloomberg market is see in the the treasury curve. equity staying in the red globally. s&p 500 down by 6/10 of 1%. quinn, can we really beat this week, next week? vonnie: a lot of people are going to be manufacturing. isn services on tuesday. thursday, janet yellen, alan .reenspan >> stick with bloomberg tv. "bloomberg markets" continues. oh, hi! micky dolenz of the monkees here, getting ready to host the flower power cruise. (announcer) we're taking the love generation to the high seas and reliving the '60s.

from ploorg world headquarters here in new york, i'm betty liu. mark: you're watching the european close on "bloomberg markets." marc: from new york to london in the next hour, here's what we're watching today. we got a snapshot of progress in the euro area recovery, showing first quarter g.d.p. expanded, while unemployment dropped, inflation came in lower than expected. we'll dig spew all the data. betty: we will indeed. meanwhile, the dollar is headed for its lowest close in all of the year, as the prospect for another fed rate hike rose even more slim. how much more could the curps a pull back? mark: with the referendum vote just a few months away, bloomberg television hosted a breakfast debate with some of the most passionate voices on the issue. we'll have all the highlights. betty: 90 minutes into the trading session in the u.s., i want toad

with betty liu in new york. time to go to the bloomberg business flash, a look at some of the biggest stories in the news right now. halliburton is being sued by u.s. antitrust officials. they say the plan takeover of rival oil services baker hughes threatens competition and should be blocked. this is a blow to the to compete bid against a rival or the deal is being bogged down in regulatory reviews around the globe since back in 2014. it triess at glencore, to pay down billions in debt. glencore has agreed to sell a minority stake in its agriculture unit. the price, $2.5 billion. glencore has 46 billion at the end of last year. the chair of lube or, the parents of bloomberg news. the independent nonexecutive director at glencore. .hat is the latest stay with us. a lot more to come. ♪ betty: live from new york and london, i'm betty lui with mark barton -- i'm in new york, that's london. breaking news. moments away. oil numbers for the energy information administration. every week, we get their crude oil invent

. ♪ ♪ from bloomberg world headquarters in new york and london, i am betty liu. mark: this is bloomberg markets. news, what we have is the latest? vonnie: plenty of news in houston. we are going to start -- we are going to continue with new york in a moment. back to houston. at least five people have died of massive flooding. thunderstorms dropping 15 inches of rain about -- across parts of southwestern texas. 100,000 people have lost power and houston airports have canceled hundreds of flights. in new york, hillary clinton has lost seven of the last 18 primaries to bernie sanders. now, the front runner is hoping to regain the upper hand. she is favored in today's new york primaries. she represented the state in the senate. donald trump is counting on his home state to provide a big boost for the republican presidential nomination. polls show him with a double-digit lead over. -- ted cruz and john kasich in new york. a win would give him momentum going into five key nor eat -- northeast contests next week. rudy giuliani says he is or endorsing donald trump. he sa

i'm betty liu. mark: this is bloomberg markets. betty: we are going to take you from new york to london to hong kong. we are a half hour into the trading session in new york, stocks are fallen, european markets are higher, but our investors repaired for what is being forecast as the worst earnings season since the financial crisis? mark: canadian pacific railways ending its push to purchase norfork southern, saying there is no clear path to a friendly merger. the move coming after the justice department said it opposed the takeover plan. betty: a new player in the bidding of yahoo!. the daily mail is interested in the news media properties. the company's

i am betty liu. mark: i am mark art and in london and this is "bloomberg markets." ♪ betty: we are going to take you from new york to london in the next hour. here's what we are watching. bank earnings continue to roll in this week. citigroup reporting a beat in profits, but have forecasters said a low for the banks? mark: the world oil suppliers meeting in delhomme this weekend. have we seen the tipping point for record high oil production? betty: shares of valeant have been dragged through the mud this year. one renowned investor thinks the stock is going to make a comeback. we are going to hear from bill miller on his big bet on valeant lettuce head straight to the markets desk.

coming up its bloomberg markets with betty liu and mark barton. of hours. couple the turnaround expert will be chatting with ari benmosche about his father on the posthumous memoir he has released on the turnaround of aig. that he will be talking to both of those. the cio of brooks mcdonnell will be talking to us about the imf possible growth forecast which is being cut today. the beginning of the u.s. earnings season. o.e for mr. ferr barclays is ending its relationship with the bush premier league. the sponsor for 15 years. barclays is raining and its inventions are yo. one of the most read stories on the bloomberg today. vonnie: i was wondering why jon was deep into his bloomberg. thank you. [laughter] vonnie: up next we will have final thoughts and a look ahead to what's coming up later today and the week. ♪ jon: this is bloomberg go. let me get you up to speed on where we are with markets. in the u.s. we opened higher and stayed there up a third of 1% on the s&p 500 area dow jones up 4/10 of 1%. going into the closing europe, also in the green. the b

i am betty liu. mark: i am mark barton and this is bloomberg television. betty: we will take you from new york to london. we are watching jpmorgan's first-quarter profit beating estimates. 6.7% ande dropping wall street sending shares of the bank of higher, up more than 3% today. it is just the beginning of what is forecasted to be one of the ugliest weeks of bank earnings in years. mark: facebook announces its plans for the future, including artificial intelligence and virtual reality. 's will bring mark zuckerberg blueprints to keep advertising dollars rolling in. betty: very cool. look at sailing.

betty liu, thank you. 6000 to one. i still cannot get over what is happening to leicester city. david: it is more than the chicago cubs winning the world series in anything in the u.s.? jonathan: i put out a question on twitter about the u.s. equivalent. it is like a college division in third and winning the whole thing. ♪ david: tomorrow, larry fink right here on "bloomberg ." jonathan: that is it for "bloomberg ." " bloomberg markets "bloomberg is n -- next.berg markets is ♪ betty: it is 10:00 a.m. in new 10:00 p.m. in hong kong. from the bloomberg world headquarters in new york, i am betty liu. am markd in london, i barton. this is "bloomberg markets" on bloomberg television. ♪ we will take you from new york to london to washington. the federal reserve begins there two day meeting this morning. no rate hike expected. investors are closely watching wednesday's statement, including on inflation and global headwinds. mark: big day for earnings. 10% of the s&p 500 report ,esults, including apple procter & gamble, and at&t. betty: and bloomberg talks exclusively

i am betty liu. mark: i am mark barton. this is bloomberg markets. ♪ betty: we will take you from new york to london to hong kong in the next hour. the world's biggest ever health , pressure in the u.s. government on taxes. we look at what other deals can be affected. ink: the front runner wisconsin, bernie sanders beating hillary clinton by double digits as all eyes now shift. ted cruz topping donald trump. does the wind for ted cruz now boost the odds of a contested republican convention? betty: big bets on the global bond

more on the funds coming up to break down the ecb. ♪ betty: i am betty liu. mark: i am mark barton. this is bloomberg markets, on bloomberg television. ♪ betty: we'll go from new york to london to read. mario draghi said the ecb remains ready to step up if the outlook for the euro worsened during he is keeping monetary policy steady. hoping inflation will pick at. mark: a bloomberg exclusive interview. they are taking the shares of the german advertising firm. the company blocked cross hairs. betty: shares of google's parents out of it is up. a preview of what to expect. the company faces new