carol: welcome to "bloomberg business week." i am carol. david: i am difficult. -- i am david gura. let's go meet the editor. ♪ we are with the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought is this week in 2009, we read that the magazine and design has been part of what we do. our writers and editors work closely with our artists and art photography editors and it drives the way we tell stories. we tell them graphically, through photography and we all whattogether and designe moves us. we started doing special issues and we did design conferences which starts on april 11 in san francisco and many of the speakers are featured in the special. carol: are there a few that you think about? ellen: not really. we try to talk about all designs. we have graphic artist, architects, and sometimes a scene emerges. in this issue, it emerges that all the designers were talking about how to solve problems and improve your business and life, so that kind of organically became the theme. everything,over food, busin

, showtime's new ceo, david nevins. thank you so much for joining us today. great to have you. david: thank you for coming. emily: so, billions. what was it about this showed that made you think it could be a hit? david: it is a world that hasn't been explored so much on television. this show touches on all of our feelings about wealth and class, which is a hard subject in america. it is very much in the zeitgeist and it deals with all of our complicated issues with the super wealthy. emily: you launched "homeland" and "the affair." sex." s of when it comes to spotting a hit, is it all art? david: there is not a ton of science. first of all, it is some combination of who are you betting on? instincts about people, instincts about creators and the actors who will be able to grow and create a role. good writing is at the core of it all. it is a good script that it's a good actor which gets a good director which makes for a compelling show. and it has some sense for feeling where the culture is right now. what people will sit up and take notice with, which is ever-changing. emily: is it

>> from our studios in new york city, this is "charlie rose." david: good evening. i'm david axelrod, filling in for charlie rose. the eyes of the political world are on new york tonight. both donald trump and hillary clinton currently hold double-digit leads in contests that could give us new clues as to how this long and unexpected primary season may end. here to shed some light on this is a seasoned panel of observers. glenn thrush of politico and host of the "off message" podcast. alex burns of the new york times, and alex wagner. she is an nbc analyst and correspondent on showtime's "the circus." welcome to all of you. what better place to have a circus than the biggest big top of all, new york. you, glenn, have been around this town for a long time. you cut your teeth as a reporter here. why is it so crazy? glenn: on the democratic side, it is a strangely drama-less primary in terms of the action on the ground. sanders is drawing big crowds, but he doesn't seem to the closing the gap. i think the issue is watching the sanders campaign collide with the tabloid press has

. that does not mean they are out of the woods. david: what is his plan? span of five or six years, with the country to a position where the only pillar of the economy is oil. it is a big one, but no longer the majority. he wants to try to compel foreign investment and create job opportunities by expanding the private economy, which is not very existence right now. carol: he is also thinking about the rights of women, social reforms. women driving, that is something that has not happened in that society. not even being considered. >> he is smart enough to realize there are third rail issues that will take time. that is certainly one of them. one of the quotes he gave us -- women enjoy rights in islam that they have not gotten in our society. that is really interesting and cuts right to the core of the saudi society. on the one hand, very wealthy well-off, and yet super religiously conservative. you have a society that sees themselves in prince mohammed and increasingly finds embarrassment as they go around the world, especially with the role of women in society. david: he is pushing for

"bloomberg businessweek." ♪ ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. david: and i'm david gura. there is a special this week on s that are using trump's name but are not sanctioned. one of them is trump champagne. trump coins as well, a guy who makes no bones about all the money he has. he is not sanctioning that either. we hear all about the wall. a few people having a little fun with that. three examples of a lot of people using the trump name without donald trump's permission. carol: he has patented a trademark office for people wanting to use the trump brand. a lot of people wanting to capitalize off of his popularity. david: the whole process of doing that takes about a year or so passed the election. -- so we would be passed the election. carol: and the features section, there is a story about failed trump vodka. we spoke to a reporter. max: when i wrote about how donald trump had this magnificent rise thanks to the of his realebt estate empire. very amazing rise. what a fall in the 1990's. but when he rebounded, he came back as a different version of himself.

>> welcome to bloomberg businessweek. i am carol massar. drags and i am david europe. jura.and i am david ♪ david: i am here with the editor of bloomberg's this week. an inconvenient truth about trade, something that has been talked about already. hot topic.is the david: it came out of nowhere. about people losing jobs, thinking they have lost jobs to people abroad. our economics correspondent makes a point that economists are almost always for free trade. it is sort of a given economic. there is a reality that people peoplee their job to going abroad. low-wage jobs. places like china where things are more cheaply. moving out of china and going to places like vietnam where they can be purchased even more cheaper. government-funded programs where workers are compensated where they lose their jobs through trade have not been very effective. economists, the whole idea is if you lose sure trade, drained -- to another will come up. but that does not always work and that is why there is are so many people paying attention to trade in this election. undress is in custody and we inside.we

-month high. the outlook remains negative. a warm welcome for the first hour of "bloomberg ." david: stephanie ruhle is off today but here with us instead is not mcclendon. good to have you here. jonathan: this headline, it warns some interrogation. if you are saudi arabia, you are looking and saying, my finances, there is nothing wrong with them. david co and they have the capacity to borrow. vonnie: yes, and let's make it clear. they are the third to have cut this. jonathan: this as brent climbs to be four-month high. let's check in on the markets. futures are positive ahead of the open. the ftse up around two points, there is a story on the luxury goods in there. if you switch up the board quickly, the dollar-yen, a seven-day losing streak. can we break that? up .5% inflation as a 15 month high. and april -- it skews the number a little bit. we will get to that. there it is on the screen. .7% and brent crude making a four-month high. we have lots of news to get to. let's get to david with the first word news. both menosecutors say involved in the brussels bombings were involved i

from bloomberg world headquarters in new york, welcome. david: can stocks and bonds keep rallying? materials a big gainer, tech the laggard. lisa: peabody energy becoming the latest mining giant to file for bankruptcy. is this the end of the american coal industry? david: the clintons casting their votes. will a win in today's primary seal the democratic nomination for the former secretary of state? let's head to the markets desk where julie hyman has a look at the latest. julie: stocks took a leg down midday and the net leg right back up. we've made a round-trip here. w remain higher by .2%. technology is lagging today. we've got information-technology down about .6%, paring its earlier decline, but still the biggest drag on the s&p 500 as it is the heaviest weighted group. consumer discretionary also lagging. energy shares up 1.7 percent and financials being led higher after those goldman sachs earnings. alumina is a health care stock, but the company does make genetic sequencing machines, down 24% after preliminary earnings that missed estimates. netflix down after its forecast

"bloombergome to businessweek." david: i'm david gura. carol: and i'm carol massar. we are inside headquarters. david: we are at amazon. carol: it is all ahead on "bloomberg businessweek." ♪ carol: we are here with "bloomberg businessweek's ellen pollock. dealing with the internal borders. : it was the part where all of the borders were taken down, and the european union was flow's so there would be of goods and people, and it meant that workers could cross borders, and now, in the wake of all of the terrorism, some of those borders have gone back up. david: what are the effects we are seeing from that? trying to get to the austrian hungarian border. : it really is causing problems because it takes longer for goods to get to places, and people are paying for trucks longer, and the estimate is it will cost $500 billion and an extra cost in gdp because people cannot get across these borders, and france has put up borders, germany, austria, sweden, and they are not everywhere, but there are more than the were a few months ago. david: you were looking at the area around chernobyl, a

valuation? david: they are building a the atlanta braves for anyone but the atlanta braves, that is up ahead on oh vote bloomberg is this week. we are joined by alan pollack. there was an article last week about amazon that is attracting attention. >> we did a story that showed cities had amazon note available but it was available in predominantly black areas and was not the intention of amazon to discriminate but the results were there were these lines. in boston, it was extremely obvious because the delivery service excluded roxbury and was surrounded by areas that were able to get the prime one day service. there was a hoopla and the mayor asked questions and senator markey of massachusetts demanded answers. as of today, amazon have that track and said roxbury will be getting this one-day service now. david: in the global economic section, a he's about wild cap minors going after amber in ukraine. >> ukraine is a bit of a mess area they have rebels backed by russia fighting in the east. there is a lot of tension still going on and the attention is bad. in certain areas, people are i

david: u.s. gdp growth is at its weakest level in two years thanks to a consumer. hiking in june. the state of waste management. a ceo joins us on earnings and growth opportunities in his business. does america still run on duncan? many itemsed on boosting demand and where the company is looking to expand next. one hour from the close of trading, let's head to the market desk where julie hyman has the latest. so much central bank and company news as well. julie: an embarrassment terms of news. fall. seeing stocks it is interesting because facebook, which has been keeping the nasdaq afloat earlier, is no longer doing so. it is doing more poorly than the s&p 500 at this point. the dow has to stand up to the downside today. you look over the course of the session. you saw it unchanged around midday and it has come back down toward the low. the company dragging it down has nothing to do with earnings. of theaccounting for 50% one index's lost today, ibm, hope depot, and apple. falling more sharply after carl icahn said he had exited his take in the country -- company. -- for see the

editor. david: you have a double issue coming out locust on design. how did this come about? bought bloomberg business week in 2009, we rethought the magazine and since then, design has been part of what we do. our writers and editors work itsely with our editors and drives the way we tell stories. we tell stories graphically and design moves and us. four years ago, we started doing these special issues and do a design conference. many speakers are featured in the special issue. what we are trying to do is talk about this in terms of design. we are talking about how to improve your business and your life. cover you cover food, you everything. yout's a fun story because get inside his head and ask him what he thinks about when he comes up with costumes. supports about how to the actor and how to make the actor feel more comfortable in the role and understand the actor's vulnerability and ink about what is the audience going to want to see? european company trying to resurrect full film. why feature that? >> this is about one man's obsession who bought an old factory that made polaroi

giving to apple's bottom line? ♪ david: a warm welcome to bloomberg go. i'm jonathan ferro alongside david westin. david: it's good to be here. i read your newsletter for years and benefited from it. welcome. we will also hear from eli lilly's ceo. and roger goodell talking about the business of the nfl. and may be the tom brady decision yesterday. the markethead of opener, let me give you the global scorecard. the dax is slightly negative. futures of little bit positive in the u.s. just a weaker dollar story here once again. cable keeps creeping higher as well. and crude as well. let's cross over to matt miller for the stocks to watch. matt: procter beating earnings estimates. gamble beating earnings estimates. ofare looking for a mean $.82. sales of $15.8 billion. you can see procter & gamble moving up 2% in the premarket. this is one of a slew of companies reporting earnings today. 40 nine companies are reporting in the s&p 500 alone. 500.almost 10% of the s&p 1.3 billionr at euros. chrysler beating as well on the earnings side. missing the estimate of 27.8 billion. beat

david: here is what we are watching. financial brokers are speaking out against the retirement device. your retirement portfolio is likely having a bad day today. were receipt of yet again about global growth. scarlet: hillary clinton received some resistance from republicans and a new york city subway turnstiles. ramy inocencio is here at the market desk. basically a lot of concern fearntral bank policies, a that these policies are not doing enough to revitalize growth. 1%.s&p 500 is down the nasdaq is down the most. or 2016y, we hit a high on the nasdaq. happeningk at what is week to date. even though we saw the uptick ofterday, we had two days declines. so with that we are down about 1.5%. now to year to the day, losing what we had seen earlier in positive territory. the nasdaq is down the most by more than 3%. with all of this happening, let's see what is happening with safe havens. looking at the 10 year, it is down six basis points, 1.69%. the japanese yen is strengthening against the dollar. david: heavily traded big cap stocks are making moves today. apple is accelerati

david: here is what we are watching this hour. markets looking to close out the week on a high note, struggling to gain traction, giving up earlier gains. health care is the laggard. lisa: crude looking to close out the week with a 5% gain. oil rallying today big-time. 322 billion dollar valuation -- two hours away from the close of trading for the day. the ted to the markets desk where rami has the latest. ami: off the session lows, but we had been higher for most the that's most of the day, especially this morning. session lows, but we had been higher for most of the day, especially this morning. doubt up about 4%. about .4%.up wednesday's pop and the green we unableing today, to balance out the negativity we tuesday. eight of the 10 sectors on the s&p are in the green. energies of the most and has been all day come up by more than 2%. materials up by a little more than 1.2% there. health care is the biggest laggard, down about .4%. followed closely behind by consumer discretionary there. i want to talk about the u.s. , a lot of volatility happening back-and-forth across the tradi

announcer: from our studios in new york city, this is "charlie rose." charlie: david cohen is here. he has served as deputy director of the cia since february, 2015. he was previously under secretary of the treasury for terrorism and financial intelligence. in that role he was the key , architect of the administration's sanctions against iran and russia. he has also led efforts to disrupt the financing of isis and other terrorist groups. this week, president obama visited saudi arabia, where he urged arab states to increase their commitment to the fight against terrorism. the president heads to germany on monday to talk strategy with leaders such as angela merkel and french president francois hollande. i'm pleased to have david cohan at the first time at the table. it's said you know as much about sanctions as anybody in the obama administration. give me the sense of what you have learned about how to make them work. how effective they are, what you have to have. once you have applied them and taken them off, is it difficult to put them back on? david: sanctions can be enormously e

may be tell a different story? david: welcome to "bloomberg ." has decided to pursue other challenges. we wish her the very best. vonnie quinn is with us. vonnie: think earnings season kicking off. that's bank earnings and season kicking off. to breakrd is here it down. a series of upside surprises. that's how we started with jpmorgan. premarket, futures, where are we? points.res now up 99 the big story in the last 20 minutes, a bit from jpmorgan, and upside surprise. that upside surprises what takes is higher come up by 2.73% in the premarket. couple of fx to a pairs for you. some dollar strengthened the g 10 today. 13%.at wti, the output freeze meeting in the rumor mill -- and the rumor mill is in full swing. crime organized profiteers have raided the offices of the panama papers law firm. the rainfall is the leak of millions of documents on tax havens set up for wealthy international clients. the attorney general searched other subsidiaries of the firm in panama and the firm has denied any wrongdoing. some 3500 candidates mine for he 250 parliamentary seats -- assad said

valuation? david: they are building a stadium for the atlanta braves for anyone but the atlanta braves. on bloombergead businessweek. join nobody ended -- join now by the editor of bloomberg businessweek. a senator from massachusetts is taking a look at it. willst week we did a story that show six major cities where amazon prime one day service was available. it was not available in predominantly black areas. it was not the intention of amazon to discriminate, but the result was there were these lines. in boston, it was extremely obvious because the delivery service excluded rocks very -- excluded rocks very -- excluded roxbury. there was a hoopla and the mayor asked questions and senator markey of massachusetts demanded answers. as of today, amazon have that -- have backtracked and said they will be getting this one day service now. david: in the global economic section, an amazing piece about wild cap minors going after amber in ukraine. >> ukraine is a bit of a mess . they have rebels backed by russia fighting in the east. maybe not fighting, but there is still a lot of tension still. a

david gura did you se? trump champagne. coins as well, a guy who makes no bones about all the has. he he is not sanctioning that either. we hear all about the wall. a few people having a little fun with that. examples of a lot of people using the trump name without donald trump's permission. patented aas trademark office for people wanting to use the trump brand. a lot of people wanting to capitalize off of his popularity. david: the whole process of doing that takes about a year or so passed the election. features section, the there is a story about failed trump vodka. we spoke to a reporter. >> i wrote about how donald trump had this magnificent rise thanks to the use of his dead of his real estate empire. very amazing rise. in the 1990's. but when he rebounded, he came back as a different version of himself. he often was merely loaning his name out, meaning he was not building buildings called trump. it also meant he was licensing donaldinstripe suits and trump, the fragrance. at the end of 2005, trump vodka. david: mobile was the market supposed to be for this vodka? >> very high

saying copper prices are poised to fall further. david: thank you. on the's get a check headlines of the bloomberg first world news. >> first up, we had to louisiana and a federal judge there in new orleans has granted final approval to an estimated $20 billion settlement. that decision, a result of years of litigation over the 2010 bp oil spill. includes $5.5 billion in civil penalties related to the clean water act. the offshore rig explosion killed 11 workers and cause a 134 million gallons spill. that money is to be paid out over a 16 year period. head to theters polls tomorrow for the presidential primary. ted cruz leads by 10 percentage points of the latest polling. trump is telling john kasich to get out of the race. democrats paul, bernie sanders leading hillary clinton in the state. state was in panama among the most active in registering shell companies that move money around the world on behalf of rich and politically connected clients according to findings released by the international consortium of investigative journalists. than 200 thousand offshore companies in all. s

>> lisa: welcome. david: the bank of japan surprises by holding up stimulus as the economy stalls. one surprise to many. lisa: how much is oil priced lunch the texas state economy. david: 10 million. that's of any videos snapchat users are watching per day. the company monetized the new content trend. what will it mean for the user experience? markets close in about two hours time visited julie who has a look at the latest. julie: we had a mixed picture today. we had overnight news about the bank of japan and then investors shifted their attention. we had so many deals coming out in the u.s. today, as well as so many earnings. we are seeing the nasdaq with the lows of the session with the facebook effect dissipating. it was off slightly lower. all three major averages now the lowest of the session. unless something really, really dramatic happens in the next 24 hours today we are matching the second-longest bull run ever for u.s. stocks. tomorrow we will have surpassed it and be the second-longest bull run ever. here are the longest. the white line is the current run we have had a

announcer: from our studios in new york city, this is "charlie rose." david cohen is here. he has served as deputy director of the cia since february, 2015. he was previously under secretary of the treasury for finance -- he was the key architect of the administration's sanctions against iran and russia. week, president obama visited saudi arabia, where he to -- arab states to increase their commitment to the fight against terrorism. with angelalks merkel and french president francisco on. i'm pleased to have -- french president franciscus -- oisncisco lund -- france hollande. it said you know as much about sanctions as anybody in the obama administration --it's sad that you as much about sanctions as anybody in the obama administration -- it's said that aboutow as much sanctions as anybody in the obama administration. a linkage between what the sanctions are trying to achieve and overall u.s. government policy. we bring to bear all of what the u.s. government is trying to do to effect a policy objective. the second is that we have as much international buying in and cooperation a

warm welcome to "bloomberg go." , with david ferro westin and vonnie quinn holding down the fort. david: we miss you here, you are in your hometown. we have brazil and morgan stanley, and particularly we have dan yergin joining us to talk about oil as well as rich clarinda. onnie: get a quick check of the markets. .3%.down about it's already at volume low, down futures down about 2% -- .2%. features here are taking their cue from there. the dax in germany relatively unchanged. deal, so theno ruble is weakening today. yenstors are fleeing to the , although now we are at .4% weaker dollar versus the end. three pointoil down 32%. -- 3.32%. stanley is actually down about 20% -- .8%. we are seeing some good numbers out of morgan stanley, but we are also seeing a couple of numbers where people are needing a moment to digest. john? john: it's been a while since i've been here, i'm getting a bit more control. where was the big story in the last 24 hours, the biggest producers failed to reach a deal over the weekend. saudi arabia refused to freeze out commitments from other producers, joi

david gura. it is time for massive change in brazil and the president is on the verge of impeachment. david: and countries are going accord ine climate paris. we look at the impact of climate change. julie hyman has the latest. julie? julie: we get closer to the close on this friday. investors are still weighing a lot of it news and the dow has turned higher at this point despite eight -- despite a tough as caterpillar, general electric, microsoft. the nasdaq is taking the biggest tumble of the three major averages. it looks like energy is the best major group at this point. because of financials as well, this is pulling stocks back up. you look at what is going on with energy, oil prices are up by nearly 2%. southwestern energy, one of the energynergies -- companies to report its stock, has gone up. within the financials, we have also had earning it news, and that includes suntrust and eat tree financial as well, 3.5% -- e-tree financial at 3.5%. david: all right, some gains, but what about the tech stock? have: tech stocks do not an insurmountable problem, but still, it is a pretty

. david: welcome to "bloomberg ," i'm david westin, here with jonathan ferro and vonnie quinn. jon: what a morning already. a weekend packed full of action. doha meetinge as well. let's bring you an update on the markets. we are 30 minutes away from the open in new york. futures negative, dow futures up 29 points. in europe we turn lower but we are headed for a week of gains on the stoxx 600, up to four weeks of losses. crude is the story. wti down two percentage points, about 40 bucks a barrel at $40.66. the iranian oil minister will not be in doha. they are sending a representative. what does that mean for an output freeze prospect for all of them? let's get to vonnie quinn. vonnie: bernie sanders and hillary clinton went on the attack last night, facing off in a debate in brooklyn ahead of new york's crucial primary. they questioned each other's judgment and record, the former secretary of state pushing back hard on criticisms of her decision-making. he questions my judgment, but the people of new york voted for me twice to be there senator. and president obama trusted my begmen

-- that you talk to and it plays music. david: you just talk to it. carol: cory johnson has one. matt: i will get one and figure out how it works. if you had invested in amazon five years ago, you would have triple the money that you had been. s&p byetter than the 50%. shares in gilead are down after profit missed estimates ahead of its blockbuster treatment. john milligan said gilead is aggressively looking for ways to invest cash, including potential acquisitions. you may have never heard of auto leave, but it is a world's largest acquirer of auto safety parts. of him plate -- of replacement insulators for airbags, in the wake of takata's trouble with airbags. this is getting a lot of hits on the terminal. a lot of people are looking at autolivo leave -- this story in sweden and here. back to you. jon: time to get some eco-data out of the eurozone. inflation fell again last month to -0.2%. despite the forward economic growth, the price to the upside, the data highlighting a conundrum for mario draghi. let's bring in jeff black from frankfurt. on the balance of things, is it go

of confidence as trumping clinton look to win in the state they both call home. david: welcome to "bloomberg ." i am david westin, with vonnie quinn in new york. jon ferro is in london for the week. vonnie: in the next three hours, we will be speaking with johnson & johnson cfo dominic caruso. sheila bair joins us. and bank of america/merrill lynch. let's get a check on the markets. jon? 100, early on in the session, the stock 600 kissed the three-month high. 18 out of the 19 industry groups in the green in europe. futures are in positive territory in the u.s. green, leading the gains in the commodity markets. number fallings 60% on sunday. the labor strike put at the fore in crude, with a headline coming out of sunday's meeting. you see the risk-on in the fx market sql -- in the fx market as well. at 1.79 as well. -- with 109.35 as well. matt: we are about to hit the heart of earnings season. 80% of s&p companies will report in the next couple of weeks. got destroyed premarket yesterday after a disappointing outlook for international subscriber additions. they beat on every m

david: crude rally. news that u.s. stockpiles dropped last week. welcome to "bloomberg ." we want to extend a special welcome to our cohost, gina martin adams. great to have you here. jon: also coming up in just a few minutes, blackrock ceo larry fink. do not miss that exclusive interview. let's get the scorecard up on the screen for you. overes in the u.s. down by one full percentage point. ugly for apple, not great for twitter. come outperformance on the dax. switch up the board just very quickly and get the other asset classes. the bti at $45 a barrel for the first time since november. -- wti at $45 a barrel. the aussie dollar down by 1.83%. rba might cut rates again. there are the big moves in the wider market. julie: ton of earnings out today ton of earnings out today. adjusted eps at $.45. we've been talking about this story that comcast is in talks to buy dreamworks, according to "the wall street journal." glaxosmithkline in london ofting as well with core eps -- those two stories are very different from what we are seeing across the tech sector. let me start with appl

trump this week and from the media perspective that is a shame. david: we've talked about the math on the democratic side and the fact that bernie sanders appears to have momentum and is behind and that is a source of frustration to his supporters. sort of the opposite situation on the republican side, where donald trump is ahead, and he appears poised to have a pretty big victory here and in some of the states coming up the following week in the northeast, and yet all the speculation is that he may not make it. so that has given rise to this whole mantra of his that the system is being rigged. run down the math of this for us. glenn: if trump were to really run the table in new york, somehow you are within 400 of that magic total. on the last day of voting in new jersey, you have over 400 delegates in the total. in between, you have this lineup of states all throughout may, starting with indiana, running through south dakota, montana. these are ted cruz kind of states. you have a pretty predictable coming and going of the tide in the republican race. what may matter more than exactly

. david gura has more. david: in japan, a powerful earthquake struck japan. tsunami.s on a one person was driving home when the quake was struck. an aftershock measuring 5.7 struck 40 minutes later. u.s. officials say russia and fighter jets came very close to a navy destroyer in the baltic sea. the maneuvers were unprofessional's. russian officials dismissed those complaints. in a rare move, american ships have started conducting joint patrols with the philippines in the south china sea. ashton carter says nearly 300 troops are with combat aircraft and helicopters remain in the philippines to the end of the toth part of a buildup inflame tensions with beijing in the south china sea. belton prosecutor says a judge has ordered mohamed abrini and five others be ordered -- be held for another month. abrini, the man in the hat, leaving the brussels airport the morning that suicide bombers detonated suitcases killing 16. president vladimir putin says russia posse economy will be starting to grow next year. leader use the rampy televised event to up his image. global news 24 hours a day, powere

carol: welcome to "bloomberg business week." i am carol massar. david: i am david gura. carol: someone designed a special project in iraq. david: the san francisco upgrades. carol: it is all ahead on bloomberg businessweek. david: let's go meet the editor. ♪ david: we are here with alan pollack, the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought is this -- businessweek in 2009, we read and since then design has been part of what we , do. our writers and editors work very closely with our artists and art photography editors, -- our photography editors and it drives the way we tell stories. we tell them graphically, through photography and we all work together, and design kind of moves us. a few years ago we started doing these special issues and we did design conferences which starts on april 11 in san francisco and many of the speakers are featured in the special. carol: is there a theme you kind of think about? ellen: not really. we are try to talk about all different kinds of design. we have

revenue. what could be next for the social media giant? david: welcome to bloomberg . here is jonathan ferro and carol massar. i'm excited to see you back. i was afraid we scared you off. carol: we have got a great lineup of guests on the program this thursday. we kick it off with mark fields 's. matt, those ford earnings. matt: adjusted eps of 68 cents. ford beating by a longshot there. we had revenue of $35.2 billion. in line with the estimate of $35.7 billion. the board is affirming all 2016 guidance. the incredible thing is north american operating margin -- 12.9%. global margin 9.8%. those are records for ford. they may be records in the auto industry in general. i am going to look through this. there is so much stock news. jon: it is very much risk off. let's get you up to speed on what is happening in global markets. futures in the u.s., negative. negative 16 on the s&p. the nikkei to 25 deep in the red. the boj does nothing. here is what happened to dollar-yen. hyeading much lower. down as much as three percentage point. i can tell you where it is on my screen. dollar-

david: here is what we are watching this hour. markets taking a dip today. all 10 s&p sectors in the red. the dow flirting with its first double-digit loss since march 8. aroundil is bouncing between gains and losses as crude looks to stop the two-day losing streak. his oil stuck in the $40 range? david: the treasury department issues new rules on corporate inversions as the obama administration warns that more action is coming. some breaking news here, u.s. antitrust officials are said to have prepared a lawsuit to stop halliburton from taking over baker hughes. jennifer reed joins us now to comment on the latest news. walk us through just how big a deal this merger would happen, and how close the scrutinizing has been. one of the longest deals we've had running. it's been more than the year. it would have been a very big deal. halliburton and baker hughes were looking to merge to better compete against slumber j which recently acquired cameron. they don't fly. it's been very seldom that a market can be down to a duopoly. lisa: baker hughes shares not moving much. however insure

bloomberg "surveillance." ♪ ♪ tom: bloomberg "surveillance." york.om keene in new david kirkpatrick will join us with steve case and a celebration of the third wave. we celebrate a smart outdated. a must-read for global wall street. contrary to popular belief global core inflation is near a 15-year high. though disguised by the oil price crash, the energy gravel fade from the price data i july. headline inflation may smash through the fed's 2% target the end of the year. this is critical. evans pritchard the backs it up with charts of the first and second derivative when we get to $140 per barrel of oil fall through. francine: a lot of people are disagreeing. he talks about popular belief, popular belief. central banks have been doing everything apart from throwing money from helicopters at the world economy. they're trying to target inflation. if you strip out energy, headline inflation might to be stronger than we think. if they are taking this seriously, it has huge implications. say it hast going to never been greater, but it is ingible or you have a lift inflation. a lot of our view

the gulf of mexico. david: julie has the latest. about two hours to the close of trading. julie: i want to see if there is any reaction in oil prices to this. it does not appear there is. in part because any of the parties involved have discussed these changes with the u.s. government in advance. they had an idea of what could potentially be coming. oil a little changed right now. it's taking a very small leg down after these headlines came out on the new regulations. what is at issue is the talks and the comments out from the international energy agency saying oversupply will be down in the second half of the year because of the drop in shale production. let's look at natural gas to see if there's any kind of reaction. you can say there is a small leg downward but gas is falling today. if you look at the energy, shares are not seeing much change there. we are seeing a little changed for the small leg down. lisa: there's still a lot to be determined. if of the cost of this at about $1 billion. the industry put it at about $32 billion. that has to be worked out. julie: it seems as t

luck new york yankees. i'm stephanie ruhle here with david westin and jonathan ferro. david: stephanie is back. stephanie: thank you. almost as important as opening day for the yankees. david: absolutely. we're also joined by nick collis, good have you here. jon: stephanie missed fed chair janet yellen because she was on vacation. this time with bernanke, that is coming up on thursday. david: historic. share -- thiset market check. let's get you up to speed. futures now higher this morning. s&p 500 futures up about the exploits. now futures up 33. a rally in the -- a rally in europe. switch at the board to much longer dollar story on most of the crosses this morning. dollar yen inching higher. euro sterling, brexit spread, we will talk about that in about 10 minutes. at inches away from that 80 pence level on friday. treasury yields up a basis point at 1.78%. let's get over to vonnie quinn for first world news. -- first word news. vonnie: more flights scheduled to leave the brussels airport a day after it reopened. only three flights the parted yesterday. flight schedule to

markets." david: here is what we are watching this hour. stocks are mixed today at of the fed meeting ahead of earnings. materials are pushing higher. lisa: which is central bank is why thein the rally -- ecb and not the fed may be playing a bigger role in the u.s. the services ecosystem -- the numbers to watch out for in today's earnings report. markets close in two hours. let's head to the markets desk were julie hyman has the latest. julie: on days like this when you have so many earnings reports, 10% reports today alone , it is not unusual to see a lack of big moves on major averages because a lot of the movement is driven by individual stocks. that appears to be the case today. we are in a at the" he thought we are getting earnings after the close. higher.tocks trading on the downside, health care and consumer staples putting a bit of pressure on the major averages. as we get further into this earnings season, let's take another look at ea. quarters,the past forward quarters. . drop of .9% in sales in earnings, and decline at 7.8%. we still have a long ways to go. anderms

ferro and david. jonathan, a quiz to yesterday was risk off. jon: it is great timing here. a little embarrassed. he should be feeling good about him -- a little bearish. he should feel good about himself as well. in europe, .8 of 1%. the dax -- strip back the stoxx 600, the miners, the energy stocks. here is a novelty -- dollar-yen not lower, it is higher, up .4 of 1%. -- thest gain for some first game for that currency pair in some six days. this is why you are seeing the reaction on the screen. treasury, yields are a little bit higher on today's session, -- upee paces points three basis points. here is vonnie quinn with the first word. the democratic nomination is growing bernieingly testing with sanders saying this week that hillary clinton is not qualified to be president. bernie sanders: i have tried to run an issue oriented campaign, which is what people want to hear. then just do not want to hear us attacking each other every day. i want to say that we are getting attacked every single day by the clinton campaign. we are going to respond in kind. vonnie: both white house for

fed beige book cannot answer. david: stay with us. we will get a check of the markets. julie: we have not seen much reaction as of yet. perhaps people still reading through the beige book to get some takeaways. stocks and bonds holding steady from where they were before these headlights came out. the nasdaq king on to its leadership on the day. -- hanging onto his leadership on the day. we got economic data out of tina -- out of china. let's take a look at the bond market and the 10 year and its reaction, going into these headlines, we had seen some buying in the treasury market. see, there has not been much reaction directly in the wake of this report. let's take a look at the groups within the s&p 500. financials continue to take the leap on jpmorgan. evenlical lead rally today as the more defensive groups are lagging. staples, telecom and utilities trading lower today. jpmorgan shows building under again throughout the highs of -- session up or .5% on that 4.5% on that stronger-than-expected report. a building crude oil inventories and also an uptick in gasoline demand and a drop i

-- as the bank of japan weighs offering negative rate loans to banks. david: welcome to "bloomberg ." i am david westin, with vonnie quinn. jonathan is in london. the cohead of global fixed income, a lot on the plate for him today. blackrock portfolio manager will talk emerging markets with us. mayo,nking analyst mike managing director of cms a americas. jon: what a guess lineup we have. let's get to work. stocks down across the board. the dax down by about a third of 1% after setting a fresh 2016 high just yesterday. futures firm, dell futures up about 10 points. switch up the board quickly. dollar-yen is up the most. that is a weaker japanese yen on a bloomberg report that the boj may offer banks loans with a negative rate. should that have a fundamental impact on the fx market? we will discuss that later on. crude keeps keeping -- crude keeps creeping higher. shares in alphabet definitely at the top of my list today. biggest loser after -- posted earnings that fell short of analyst estimates. profit margins can be pressured by higher cost for mobile phone customers. they are

welcome to bloomberg "." i am david westin with jonathan ferro and vonnie quinn. morgan o stand former investment officer. jonathan: 13% drop in profit, that is the discussion point. the bank of england doing nothing. the benchmark interest rates staying in 0.5%. the bank of england maintaining the benchmark interest rate without showing any mpc members making explicit cuts. there was some talk around the meeting that potentially those policymakers could shift. someone says may we should cut rates ahead of the referendum on june 3. holding rates at a record low for another meeting. no big surprise. david: any talk about the brexit? jonathan: looking through the bank of england minutes, then we will go to mark barton for his reaction. what is standing out for you? the boe sees some signs of the eu referendum on june 23 is weighing on activity. may causeerendum softening in the first half u.k. growth. that is interesting. it will react more cautiously to data before the eu vote. that is big. also, it is considered implications on monetary policy. a brexit but may extend a period o

david: welcome to bloomberg market. ♪ good afternoon. federal open market committee meets tomorrow morning. her economic growth outlook changed. plan unveiled the on oil. we will speak about what it means for the economy. some forecasting iphone sales to drop. julie hyman has the latest. down one third of 1% across the board. investorsing a lot of waiting for the fed to come out later in the week. average is down about the same percentage this point. we have not seen the pressure on -- today.s a gay it is closed the lowest of the session. materials as well at into the commodities led selloff. telecom a little bit better today. after saudi arabia said there would be a completion of the expansion of one of his oil spills by the end of may. that would bring more supply to market or at least not disrupt the already existing production in the reduction rate in saudi arabia. down 2.2% right now for oil prices. one of the other things continues to be earning spare we are looking at xerox out with earnings today that missed estimates. those shares are plunging 12%. kkr missing estimates as

, saying they could have dangerous consequences. welcome to "bloomberg ." i am david westin with jonathan ferro and vonnie quinn. 70 will is off today. ahead of all of that this get, 30 minutes away, let's a market check for you. futures are positive on the points -- upy 60 by 64 points. in europe, italy, outperformance of 1.8%. withury officials meeting bank executives to hash out a plan with bad loans and not performing loans. quickly,ard, dollar-yen, six-day losing streak. dollar-yen broke 108 today. treasury yields, up two basis points. down about .2 of 1%. let's get some first word news with vonnie quinn. -- with david gura, rather. david: secretary of state john kerry is in japan. seven decades after the u.s. used the atomic bomb for the first time in history, killing 45,000 japanese. with other four ministers of the group of seven industrialized nations. president obama will meet with janet yellen today, the agenda being the long-term economic outlook. the meeting will focus on the state of the american and global economies. vice president joe biden will also attend. 15 fo

, not a lot to go around. david: hindsight is 2020. i wonder whether they saw this coming? because $400 million was put on the breakup deal, a cap which is pretty small. that is almost nothing. matt: that is an interesting question. it is something that we have been hearing, the two sides does anticipate that there might be something from the white house, a new set of rules. i think they may have been surprised by those code things. first, how targeted these were to go after pfizer-allergan specifically. and also by the general severity. this was a low probability event and if something did happen, it would be manageable but it turns out that we have had the rules committee and they are very stringent. jonathan: big stock action on the back of this. shows yes, i think this where the companies go from here. here is the stock when the deal was announced, the traded sideways after the deal was announced. allergan has gone down. that would imply that allergan needs this more than pfizer. i want to look back at the five-year chart. this is adjusted for percentage. allergan has made a se

welcome to "bloomberg ." , vonnieme in new york quinn and david westin. david: wish you were here with us. we have some great guests lined up for today. --exclusive interview with marko kolanovic from j.p. morgan jonathan golub join us on "bloomberg ." governors central bank who may toe the line with the government. the question of central bank independence here. this the first policy decision of the new central bank governor. the government wanted to cut. that's exactly what they got. the rate to 10% from 10.5% previously. lira a stronger turkish because many did expect this move. other board for you. i arrived in the city of london hours ago. , thanksto the u.s. open now positive on futures. dow jones futures up about one point. here in london, still lower, down by about .25%. out, the japanese government 10 year yield, -13 basis points. when i arrived in london this morning, it was remarkable. yields below 0.4% on the way out to 40 year that. -- 40 year debt. david: a big story for the markets. we are looking forward to the japanese and central-bank later this month taking more

chart. we will do this with david medical paff in the upcoming hour. this is i'm out of a job. i've got to get claimed by a state to the number employed. the ugly necessary recently, d vonnie, here's what killed the destruction in the 1980's. this is about an america that is employed. and we are paying severe prices or will be. tom: francine, what do you have? francine: well, i got briefed by currencies and got this from jane foley who is on set but them the elling white line and the green line, so you're seeing an inversion, and for the fist time, tom, since 2010, all of the transparency paras, i chose sterling, are more with price swings over this month and in the rest of your career. she is senior currency strategist at the bank. thank you for joining us. we need currency help. we are going to see a lot more volatility because everything is bench marked. >> the eu referendum, so there is that, but of course u.s. elections at the end of the year, that's a big risk and europe alone, yes, we've got the referendum in the uk but it's a bit of a concern that it's a lead, too, that they are

time to come. david: stocks here still higher after these minutes have come out. rami: it looks pretty much unchanged, seeing no change whatsoever the past be minutes after the fed minutes came out right there. the highest it has been throughout the entire day, up 1%. the s&p still where it has been just before those meetings details were released. we are seeing the reversal of what happened the last two days of paul's, finally breaking that streak. falls, two days of breaking that streak. we saw the markets taking a leg down, but now, we are just about -- about flat, up by 6%. pretty much unchanged leading up to the 2:00 mark there. dollar, or interest rate slide is good for the dollar, and an 18 month low. more interest rate slide is good for the dollar, at an 18 month low. we've been seeing this lower for much of the day, down .4%. year to date, it is up by about 15%. also seeing its best quarter since 1986. let's move on to oil. oil also taking a leg up, especially with what happened when we saw that stockpile fall from its highs level in the past eight decades or so. -- highest le