getting better. we will monitor this. ♪ ♪ live from london and new york. 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

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 -- earnings aren't a coincid

london and new york, i mark barton. 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

? ♪ you are watching "bloomberg markets." i am betty liu in new york with mark barton in london. let's move to julie hyman. julie: let's start with netflix. the greenfield is raising stock price from 150 to 136. he said the content is leading to better than expected subscriber growth. he says in 2016, the net streaming subscriber additions should be 20 million and the previous estimate was 18.7 million. they did a team survey that shows that netflix is dominant over other movie rental services and streaming services like amazon or hulu which has vastly bigger market share. they are moving up by 4% today. in media, a preliminary step in california to approve charter communications merger with time warner cable. recommendedve lot that the approved the deal and the vote could come us in this may 12 but it needs to be approved on a federal basis, but this of the the last state to approve it. finally, amazon coming out with a new kindle, the kindle oasis, the eighth generation. 289 dollars, three times as much as the lowest cost kindle on the market. it features a protective case that doubl

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. some talk that investors are now looking past t

london. 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 busine

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 facebook and amazon later this week. 78 takes a look at app

and betty liu. time for the bloomberg business flash. sign for house hunters. home prices in the u.s. rose less than forecast in february. property values and 20 cities were up 5.4%. sinces the smallest gain october. prices rose the most in portland, oregon at almost 12%. about $600 million to $700 million of annual cost savings for nomura. report details when it releases earnings tomorrow. third-quarter profits be estimates at procter & gamble. p&g sales were lukewarm, but it was partially offset by cost cuts. the ceo called for another $10 million of reduction in the next five years. that is the bloomberg business flash. let's head back to the markets desk, where julie hyman has a check of the commodity earners. julie: bp coming out with its numbers and beating estimates, even though we saw lower brent in the first quarter. the company has refining operations as well. its cost to buy brent crude to refine it was lower, so they had that are refining margins. trading operations did better than estimated as well. posting an unexpected profit. analysts expected a loss. the company is t

ahead. ♪ mark: live from london and new york, i mark barton. -- i'm mark barton. 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 shi

london and new york, i am mark barton. 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 a

industry. ♪ mark: live from london and new york, i mark barton. betty: i'm betty liu and you are watching "bloomberg markets." looking at some of the biggest business stories in the news right now, tesla says it now has new000 reservations forex model three electric cars. deliveries of the sedan will not begin for at least 18 months. lon musk says the average model three will cost $35,000 with the flashing options. million. is about $825 blackstone could end up paying as much as 1.1 billion dollars for maximum 75% stake in the indian company. that is your bloomberg business flash. let us head straight to the markets desk where julie hyman is looking at the big deal between alaska air and virgin america. julie: shares of virgin america are rising with alaska making that deal for the company. are reporting says they have won out over jetblue airways, which is trading down. alaska air is trading down as well. a bloomberg intelligence analyst says the premium that alaska is paying for virgin is relatively hefty although the deal is supposed to be approved of within the first year of

from london and new york. i am betty liu. mark: i am mark barton. this is the european close. betty: we will look at some of the biggest business news in these -- some of the visit -- some of the biggest business news right now. drugmakers are trying to rein in their debt, valeant has been given more time to file its report, the company is under scrutiny. expectedricans than filed claims for unemployment benefits last week. 267,000, nine thousand fewer than the week before. weekly unemployment filings has a below 300,000 for more than a year. recovering to the most level since 1973. and one of the hottest things on the web, the first trailer for star wars. the two-minute teaser arrived and it is scheduled to open in december. can you wait? that is your bloomberg business flash. mark: the death star. i can't believe i have caught sight of the death star. have a look at what is happening at european equities. it is a similar story to what is happening there. stocks down, global growth iscerns, and the stoxx 600 .9% lower. 2000 14, still ahead. a brish exit from the european union. tha

get how shares are reacting to that. mark: i am mark barton. 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.

. ♪ mark: i'm mark barton in london. 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 is

from london and new york, i am mark orton in london. -- mark barton in london. 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 help

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 if, they the market work. the third wave, the government is going to

right after the break. mark: i am mark barton. 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: live from london and new york, i am 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 having less an effect on the economy and the m

. ♪ we are live from london and new york. i'm betty liu. >> i am mark barton. this is the european close. >> t-mobile's earnings are out. beating estimates for adjusted earnings and revenue. here to dive into those results is bloomberg west anchor emily chang in san francisco and t-mobile ceo john ledger. us.s here in new york with emily. >> think you so much, betty. thank you, john, as always for joining us. you added more than one million subscribers for the second -- seven quarter in a row. you raised your forecast. how long can you keep it up? >> we had it slightly more than a million. we added 2.2 million which, by the way, is the 12th quarter in a row over one million. six of the last seven over 2 million. what you are referred to as we added a million postpaid per's -- subscribers. 877,000 postpaid -- post paid phones. a new wrinkle, the cool part was service revenue was up 13.6%. adjusted, 98% year-over-year. we still have less than 20% market share and our main competitors all are -- otherwise known as dumb and dumber, are just not adapting to the ontario revolution and the thin

see what the car really means for tesla. ♪ . i am betty liu. caroline: and i am caroline hyde. you're watching "bloomberg markets." let's check in with vonnie quinn. india sayscuers in there is no hope of finding any clearingivors after the rubble after the collapse a given overpass. 67 people were pulled from the debris alive and now the wreckage has been cleared. police are detaining five officials with the construction company hired to build the overpass. the world health organization says a new ebola case has been confirmed in liberia. the first case since january. it comes just days after officials say the outbreak the longer qualifies as an international health emergency. the deadliest people outbreak killed more than 11,000 people, mostly in sierra leone, liberia, and ginny. tensions ramping up between indonesia and china. indonesia will deploy fighters to the islands after chinese coast guard vessels clashed with indonesian boats in the area. other forces will be stationed as well. china claims 80% of the south china sea and that puts it in conflict with the southeastern asian

interview coming up next. mark: welcome back. i am mark barton. i'm here at betty liu. u.s. banks are expected to report a tough quarter starting next week. investment makes remain under pressure. schatzker talked to the investment make with a seismic change. crossroads where we are seeing increasing regulation. we have these competitor strategies which are changing the way we need to look at our competition. that has been amplified by markets which have been challenging for the last decade. when we put all these together, we need to navigate a long-term perspective by trying to cross a year that is shaping up to be quite difficult. is it more or less challenging than it has been in the past? >> it has not been easy. but, what is happening now is that we are firm with regulatory rules. with the market conditions what they are, and with shareholders increasingly questioning the long-term profitability in investment banks. has neverhe pressure been as high to try to reshape our model to something that can hold water and convince our shareholders that it is worth investing in us. >> thre

. 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 mondays and tuesdays for at least two weeks. threaten

and you are watching "the european close" on bloomberg. 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 sto

security. mark: i am mark barton. 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 l

bloomberg markets. i mark barton in london. 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. >

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 the right move. the treasury department announ

among unicorns. ♪ betty: welcome back to bloomberg markets. i'm betty liu in new york with mark barton in london. we've been watching moves and oil this hour after a report from interfax saying saudi arabia and russia were seen agreeing on a freeze in production. that is huge. that report citing an informed diplomatic cert -- diplomatic source. it is already moving the market. with more on the outlook for it we spoke with two analysts who gave their take on how oil prices influence the inflation outlook. like tohe way we describe it is the data is clearly pointing to a much stronger economy in terms of looking at the lake -- the labor the way theyand like to describe it is the data suggests three hikes this year. tom: where is that dynamic going to head in the next quarter? guest: the hope is that the data will improve. the labor market is strong and we have seen i is some numbers pick up. the fed certainly wants to change the view that it is not hiking. vonnie: should we be more open-minded about a rate hike in june from the fed? there's a lot of time between now and then, but

ambassador to the u.s. ♪ mark: live from london and new york, i'm mark barton. 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:

, i am mark barton. 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 range of indica

london and new york, i am mark barton. 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 contingency plans and must assess implications

running. that is after the break. ♪ i am mark barton in london with betty liu in new york. today is the deadline for the first round for yahoo! shares. shares are lower today as we wait for who is in and who is out. joining us now, alice, who broke the story. alix, who is in the hot seat? who is in the driving seat in the pursuit for yahoo!? >> of verizon's in the hot seat. they are the favorite here. that verizon is the force to beat in the race. they already own aol and would be able to combine a well and some! and extract synergies there if that is the direction verizon wants to go. there are other bidders and i expect to learn more bidders as the day progresses today and the bids start to come in. we know private equity firms are planning on bidding. these private equity firms could in the coming days and weeks partner up with other statistics. placeecause he did not the first-round bid does not mean you are out of it, but it will give you an indication of who the most likely bidders are. i am talking about tpg and we are looking at others that we hope to sit -- report as the day pr

do they make? that is next. ♪ live from new york and london, i am betty liu. mark: i am mark barton. this is the european close. time for the bloomberg business flash. a look at the biggest business stories in the news right now. will $.5 billion to handle it securities. wasallegations that it not properly vetted. it is the fifth multibillion-dollar settlement with u.s. bank over subprime mortgages. and pharmaceuticals company is asking to cooperate with a senate investigation into drug pricing. special commission on aging says it plans to start legal proceedings against valeant.who is leaving is under subpoena to appear before the committee for an april 27 hearing. overstock.com says its founder and chief executive was a personal leave of absence. the retailer says it is unknown if he will return to work. edwards was recommended is the acting chief of staff. that is the latest business flash. 2015 was a pretty rough year for the oil industry. crude plunged 35%. dozens of energy companies were forced to file for bankruptcy. one who benefited greatly from cheap oil and gas. joining u

bloomberg markets. i am mark barton. 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, w

in london with betty liu in new york. let's take you to the action with my super led. the stocks are down for a third consecutive day one half of 1%. investors sitting on their hands ahead of the big central-bank meeting by the fed, by the boj. that is something to look forward to in the middle of the week. by 3%.hilips shares down phillips essentially is more likely to sell it to a private investor. analysts say an ipo would re-bless benefits. this is the first time the company has admitted that an ipo is more likely than a private deal. on the flipside the point today, first-quarter earnings estimates and it confirmed its outlook for the full year is not enough to stop the shares falling by 4%. shares today 11% lower. the french utility dropped the most in seven weeks and announced plans to sell at least 4 billion euros of new shares. it is going to deepen cost cuts. it is seeking to bolster finances. it is seeking to study whether to move forward with a controversial nuclear power project in the u.k.. on top of the stock sale, it will sell 10 million euros of assets, including est

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 reacted this? julia: from what we have heard. because it had b

will be back. ♪ live from london and new york, i am caroline hyde with betty liu. time for a look at some of the biggest business stories in the news right now. a sign american factories are emerging from their worst slump since the last recession. u.s. manufacturing expanded in march for the first time in seven months. factory bookings were the strongest and honest a year and a half. the outlook for overseas else has improved because the dollar has lost some of its strength. elon musk, tesla motors is making a bid for the mass market. 3, muskg the mobile hopes will expand its customer base and lead to sustain profits. more than 115,000 fans placed orders in the stores for the model three. deliveries will begin next year. that is your business flash. let's get back to our guest. betty: we are back with school of business finance professor jeremy siegel who is a wall street bull. there are some signals in the market that better days may be ahead for equities. a rush to fund them attract the risk is high yield corporate debt and some analysts a the high-yield rally could mean an uptick

season? will talk with her in a moment. ♪ 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 washingto

. 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 christine lagarde at 4:30 a.m. e

secondary. a betteralways conversation when you are here, rick. 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 reliv

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 stamford harbor also hold the same positions at poin

menu. thank you, luke ellis. we appreciate your time. betty liu and mark barton will be on markets. is johnirst up brynjolfsson. he has some pretty sharp views on where the bond markets are going to go, and why he thinks there is a price turn happening in equities. we will talk to him in a few moments. then at 10:30, david cameron will be speaking about his link to the panama papers. he released six years of his taxes to show that he did not directly benefit from these offshore accounts. covering, theere daily mail bidding for yahoo!. it seems like this group of companies continues to grow. how is the daily mail going to pull off this acquisition? we will dig deeper into that. at 12:30,ing up later paul murphy will weigh in on loans to the energy sector. ♪ david: bank earnings are kicking off this week followed by bank of america. one of the things i took away from luke ellis is that all roads of growth go through the banks. jonathan: it is the banks that leave the economy. i thought it was interesting. a big week in terms of high frequency data. gdp figures and then the boe decision

bloomberg markets. 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 inventories. their forecast to arrive by about 2.9 million barrel

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 says he is not playing a role in the cam

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

market with betty liu and mark aren. what a view that coming up? mark: a big interview, top of the 10:00 a.m. new york times, you know the nasdaq chief executive, earnings came out today ahead of estimates. a lot going on in the industry. today, interested, looking forward to that one. michael from holland and holland, the founder of that company, he is an apple investor knows 1.4 million shares. what does he think of the 7% slump today. cofounder, asuit, bit of a star, i gather, because he is in a film which tracked the arduous task of passing the master exam. exam, --e master >> i think jon has already done that to her jonathan: i have done that. mark: those were the days. jonathan: thank you. we speak to the former chairman of the council of advisors under president george bush. that is next. ♪ --id: it is to :00 p.m. is eastern time. billy's monetary policy decision. the fed has been widely excited to keep rates on hold. let's turn to glenn hubbard, the dean of columbia business school and he served as the former chair of the council of economic advisers under president georg

with us this entire hour. 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

us on how he might the right here. jonathan: looking forward to that. 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

, bloomberg markets with betty liu and mark barton. >> we have a lot ahead, just about an hour ago, the imf double financial stability report, hoses and yell, will be the author of is that report. that does negative interest rates we see around the world to be a net positive in terms of stoking demand. well sir have the oil inventory report, that will be helpful as we look toward the opec meeting over the weekend. sailing, the america cup is coming to new york city, so we in our studio.eo david: we will be right back with bloomberg go. ♪ jon: i think busy is the buzzword. jpmorgan kicking off bank earnings. tomorrow we get bank of america and wells fargo. next week is morgan stanley and goldman sachs. the facebook book, federal reserve beige book out later today. we will be live from washington. china's gdp, bank of england rates, tomorrow. later today onp bloomberg television, director of monetary and capital markets bloomberg emily chang will have a conversation with facebook's chief technology officer. jon: a lot to look forward to. thank you very much, that does it for bloomberg go. h

"bloomberg markets" with betty liu and mark barton. betty: we have josh rosner with us kicking off, talking about bank earnings. he is going to wrap up what we heard from jpmorgan and look ahead to goldman sachs. also, delhomme meeting this delhomme meeting this weekend -- or i should say opec meeting. will they agree to a freeze? for a little bit of fun, you have been to the hotels here. there is a new condo building in new york city if you can afford million.5 david: a little rich for me. on "bloomberg ," a look ahead for next week. ♪ jonathan: this is "bloomberg ." we are about 25 minutes into the session. let's get you up to speed on what is happening in the markets in the u.s. futures negative three and we opened a little bit softer. the s&p 500 down a 10th of 1%. banks with the story of the week and this morning could switc. intraday, bank of america down. the clear outperformance the citigroup with another beat and a series of beat so far. cutsue is down, but cost quick enough and you catch up with yourself with an upside surprise on citigroup. much more on bank ea

. john: still ahead, we're betty liu and mark barton. what is going on? know, the president is on his way to the u.k.. we be talking to john nelson. uswill be speaking with about what we saw from the ecb. also, on wrecked fit. faring in a possible low interest rate environment. back to you. mark: thank you. up next, we break down what you need to look out for. ♪ vonnie: looking ahead, visa and microsoft reporting after the bell. we get gen mcdonald's among the companies expected to report earnings. mark: 25 minutes into the session, what a day we have already had. look at what is happening in markets in the u.s.. they are softer and negative. they are down to tends of 1%. take a look at this currency. to euro and dollar close 114, now, erased all of the gains, and negative on the session. it is not so much as a negative euro story, just dollar strength kicking in through some of the currency pairs. they had a trade of a five-month high. we're going to keep on the markets right here on bloomberg. bloomberg markets is up next. more on the funds coming up to break down the ecb. ♪ betty: