tom: mayor emanuel with the commanding lead in chicago. i divide on who can lower crime. social with monet -- the met revolutionizes access to art. good morning everyone this is "bloomberg surveillance" live. let us get to our top headlines with olivia. olivia: a few hours from now that rand paul will make his formal announcement at noon in louisville today it paul is a favorite of libertarians and the tea party. he gave us a hint of what his campaign would be like with a video released on youtube. >> we need to return to our

founding principles and stand up for the entire bill of rights. our future cannon can include a road to prosperity and back home and abroad. it should include a balanced budget and a single-payer tax system. olivia: he is the son of texas congressman rand paul. in chicago today, voters are deciding who will run the city for the next four years. mayor rahm emanuel was forced into a runoff with two county commissioner jesus garcia. whoever wins will have a tough job because the credit rating is junk. he is seeking a second term. he has pointed out what he has a in this first one. >> we work through budget deficits and now we are number one in job creation and we are moving in and also the number one little league team in america.

olivia: a manual promise to put the fiscal house in order in the city is a nine financial freefall. there's little suspense about what the outcome will be. tsarnaev's lawyer said that at the bombings that they killed 160. the defense argue that it was tsarnaev's older brother that was the mastermind. prosecutors last for the death penalty. brendan: weak readings in online competition is hurting by come. viacom is taking a $785 million pretax chop to take for tax cuts. also to write down the value of underperforming shows. ratings were down 34% in the first quarter. comedy central is down 30%. more fallout from the discredited "rolling stone" story about again rate.

the fraternity at the story plans to pursue all available legal action against the magazine. a called the rolling stone report affiliate of journalism. in sports do beat wisconsin. the blue devils came back from a nine point deficit to win 6863. four freshmen scored all 37 of their second-half poised. tyus jones let all good. olivia: you would want a team like oklahoma to win. it is the fifth title for duke. it is the fifth title for coach k. brendan: they were the top high school recruits in their class and they correlated. -- and they coordinated. olivia: i watched kentucky lose

at a bar in florida. i do not feel that bad when half of the team will end up on the nba. tom: speaking of the ncaa and stephanie ruhle, we brought together a group of titans. no, we are lying. stephanie did. they took their best shot at filling out the perfect march madness bracket. here's the outcome with real money on the line. stephen pac leads to, co-owner of the boston celtics. in second place, chambers of cisco. and gary cohen from goldman sachs. all participants ponied up $10,000. 360 thousand dollars will go to mr. cohen's charity. brendan: stephanie talk to him on friday and said that the big ten is always undervalued. they have bad records because they are playing against each other and always bet on big ten

teams. tom: he snuck up on me and what me. let us do a day to check. let us talk about range bound. scott will join us on the range bound market. that is about as boring of a screen that you can get. move to the next green. -- next screen. the ruble is interesting. it comes in ever weaker. -- excuse me, stronger. russia does better. gold futures 120 and down a solid $10 this morning giving up the recent gains. let us go to the mac monitor. mark halperin will join us in the next hour. this is real simple. per capita income washington texas, and kentucky. this is 20 years back on how kentucky is doing per capita. they get a little bounce out of crisis.

it is that taxes boom with oil. senator cruz on fire here versus the senator of kentucky. and there is evil washington. they both hate washington. washington booming because of deficit tax dollars. everything wrong with washington. washington levels off of texas. brendan: look at greater washington. that is most of northern maryland. that is the one place in maryland that gets an amazing subsidy. tom: i noticed that the per capita senses of maryland is huge. some of the finance behind the political from that we will bring in today on "bloomberg surveillance." we need to go to chicago and not about wrigley stadium and the outrage there over on construction. it was close -- at least the race in the recent weeks. the mayor has reached out to black voters in crime rate in chicago. peter cook is in chicago as mayor a manual is scheduled to

take the white and black vote. what is the distinction if chicago goes to the polls this morning? peter: the? is the black vote in chicago and who will win it. is it going to be rahm emanuel or his challenger back up or will many members of the black community not vote in this election? it does appear that rahm emanuel is going to likely head on to victory and reelection in the third-largest city in america. he was up as much as 20 points in recent polls. he said it has been a humbling experience. he has done campaign ads here where he has the knowledge that he has some sharp elbows. not everyone gets along with me. i will fight for the city. he has made the feel to black voters directly and they could be the critical deciding factor in this race. olivia: it looks like rahm emanuel is clearly in the read -- in the lead. but this is the first runoff

election since 1989. is this because of the an appeal or loss of support? peter: i would say this as much about a message as anything else to rahm emanuel. should we garcia did energize folks with the initial election day. since that time, his campaign has fizzled. the real question about who is going to run the city and who has the financial skills to handle the physical challenges the city faces has been a big factor. rahm emanuel has made the case that he is the best the quest -- equipped to handle those problems. he has made some enemies in the progress. brendan: is this a uniquely chicago story or is this a broader problem of what the democratic party is going through? peter: there are particular chicago issues like noise pollution at the airport.

i think there is a larger national story about the divide among democrats. a lot of progressive democrats here in town really campaigning hard for garcia, saying that rahm emanuel has close ties the business. that is something that hillary clinton and her campaign will be watching very carefully. the reality is that at the end of the day, rahm emanuel had a better organization. tom: let us turn the louisville kentucky. i know that you will be watching what senator paul destiny. what is the distinction of the paul campaign versus jeb bush? who will he be speaking to today to ward off the advance of the governor of florida? peter: one of the things that you will watch very carefully with rand paul and something that he can tap into that may be jeb bush has not been able to is young voters. this is a guy who's very social media savvy. he talks about issues that young voters are interested in and that libertarian feel with the

younger generation as something that makes rand paul distinctive. i would be listening for that today. he is different from a lot of the other candidates. whether that makes him unique and an aberration in this campaign and something that other voters will listen to that remains to be seen. tom: peter cook, thank you so much. let us turn to viacom. it is a known fact that viacom is sort of a media disaster. it became evident yesterday. according to "the wall street journal," goodwill has turned into a bad will. $400 million was on bad shows. it is enough to make you yield for the old days of mtv. we bring in a twisted view on media. this is not a surprise. what is the viacom message? what is the lesson there for the rest of the industry. guest: you want to be aware of changing audience preferences. in the canary and the clean old

mine -- coal mine, you want to investigate where they're going. the advertising products need to match that. it is interesting that viacom has complained about nielsen a little too much, but i think there's a little something to that too. it is mindful that if you look at set-top box made of that their show -- that their show may declines. it is not surprising that there is a sentiment around traditional advertising is really negative right now. brendan: it is a surprising thing that there are a couple of shows doing really well within viacom. should you produce smaller increments? brian: i think investors are certainly receptive to that approach. traditional tv and bundles of programming and advertising work

still. brendan: is a bundle of subsidy? when that subsidy ends, are we going to see more problems like viacom? brian: i think a lot of us watch and be a the tv is just on. we can argue that is not an efficient think. olivia: why are you going to do that with on-demand tv? the internet has made reruns less voluble. brian: a lot of people like tv as background accompaniment. you might be surprised that a lot of people watch bloomberg that don't actually watch it. it might be on in the background. tom: i do not even know where to go with this. olivia: don't worry, tom. nobody ever watches you. tom: did the advertisers survive given ambient tv? brian: this is an interesting debate. i do not know. tom: thank you. no one knows. brian: no one knows in the science behind it is terrible. if 45% of tv viewing on average

for the alaska good study i've seen on this is ambient and background and you are doing other things, is that 55% doing all the work? tom: he enjoys his 92nd birthday in may. brian: people live for a long time. tom: 92 and running a publicly trading company? brian: i don't think he's really involved. olivia: one source of revenues is the elections. that brings us to our twitter question of the day. we are 500 days away. the you care about the 2016 election? we are expecting rand paul to make it official later today in louisville, kentucky. he is throwing his hat in. do we even care gekko tweet us. -- do we even care gekko tweet us. the sun is just coming up in new york. ♪

tom: good morning, everyone. let us get to the top headlines with brendan greeley. brendan: senator rand paul making it official. he will announce that he is running for president. he will formally declare his candidacy in louisville. he is a favorite of libertarians and the tea party. he is also the son of former texas congressman ron paul. duke's celebrity its fifth ncaa asked ball title. they trailed by nine points, but rallied to beat wisconsin. tyus jones led dude to became the first -- fifth freshman to win the final four outstanding playoff -- player award. the air hernandez trial will close today. prosecution called 131 witnesses

over two months. hernandez is accused of killing a man who is dating his fiancee sister. authorities are linking carbon monoxide to the death of a father and seven children. police found the bodies yesterday in a maryland home. a generating -- generator was being used after power was cut off after unpaid bills. utilities service was not say when the service was cut off. paying off major hedge fund companies. 14% this year. a person familiar with the firm says the euro is a big reason that it has fallen 11%. and "star wars." the forgotten galaxy that uses dvd and blu-ray and now fans will legally download all six movies. they are being released friday by lucasfilms fox, and disney. they are also promising an array of extra content. the second movie -- seven movie hits theaters in december.

looking forward to what we have for you this morning. tom: we will speak about twitter. this is in the court and -- and important conversation about beleaguered twitter. then, brendan greeley will look at water and the challenges. this is linked into our coverage of the drought in california. and the new york mets won. awaits, it's not a spot. we are looking at the met. we are looking at the metropolitan museum of art and its social media moment. brendan: that was your uptown, british, say -- tom: let us look at oil now. olivia with a perspective on oil. olivia: crude trading just above $51 a barrel. we are also seeing unusual trading value right now. they are trading lower than the average this morning.

this though after oil jumped more than 6% on monday. what gives? perhaps the report that we saw yesterday that crude inventory at cushing, oklahoma had dropped. that is the first time the report showed a decrease since november. goldman sachs said that production could peak around 380,000 barrels. i have a note here that says that u.s. producers responded more aggressively than expected by cutting cap excess and activity. that move they think will create modest upside to the forecast of $40 a barrel over the next three months. tom: it goes against what ed morris said. there's a big weather going on. olivia: the other impact is what will have on the price of oil. we speak to the chairman about

how iran will impact the price. >> the big notion will be the move to a push into the second half of the year. that is when the big reasons that you saw the jump in price today. olivia: he thinks that is the reason behind the big move. i have another note here from barclays says the blue sky scenario is that iran could raise by about 500,000 barrels a day from the first quarter of 2016. brendan: we are looking at inventory stored in cushing, oklahoma. there's also year store off on the gulf which is up 17%. in china and asia overall that numbers of 110%. there is a huge number offshore just waiting to be sold. tom: coming up, further, don oil. frank keating will join us. a regular attendee here. we will speak to the former governor of oklahoma on the challenges of oil. stay with us on digital and

radio and television. this is bloomberg surveillance. ♪

tom: good morning. the news is that there is no news on the market. let us do something smart right now. let us go to olivia sterns. olivia: speaking of smart, i'm sure that you notice that your favorite jay-z album dropped on spotify. ever since jay-z came out and launched title. professor ben you go to an attorney gary rosen writing about how we need to change the music world in the 20th century. my favorite and it -- they say that desmond child, the cowriter of bon jovi's "living on a per," recently reported that the song have been played 6.5 million

times on pandora over three months, for which he had earned $110. ouch. this is clearly a nice signal that something might be wrong with this music business model and the way that we over royalties to songwriters. tom: looks like your lady. brendan: status -- that is so not the song. tom: desmond child wrote that one. brendan: desmond child wrote the soundtrack to my youth. i had no idea. tom: he is known for bon jovi. i'm so glad you brought this up. when you see me get on the set and all the sanctimony about digital stuff, this is what it's about. james taylor is suing and others are suing. olivia: that is about copyright. this is about how much the songwriter gets for the slice that the songwriter actually gets. brendan: jay-z's move to title

is an increasing concern that although streaming worked out for labels, it is not working out as well for artists. olivia: it used to be the dream that everybody wanted to create the next hit and now everybody is better off and young people want to create new music sharing apps. tom: i was still old songs and regurgitate them into a hit. olivia: i know you are a big "bloglines" fan. -- "blurred lines" fan.we will talk with brian loser of pivotal ♪ ♪. ♪ ♪

tom: it is a beautiful spring morning. spring is here finally in new york city.

let's get you top headlines. olivia: he is a frequent antagonist of leaders of his own party. that should make for interesting moments on the campaign trail. rand paul will announce that he is running for president. he has already released a campaign video on youtube. >> it is time for a new set of ideas, a new leader, one you can trust, one who works for you. it is time for a new president. [applause] olivia: he plans to focus on young voters and he will answer questions on facebook. voters are deciding whether to give mayo rahm emanuel another four years.

whoever wins will try to reverse a fiscal decline that has left chicago's fiscal rating just above drunk -- above junk. there is little question about what the jury will do in the boston marathon bombing trial case. his lawyers say the attack was masterminded by his brother who was killed in a shootout with police. brendan: $4.8 billion for fedex to buy tnt. want a college scholarship? work for starbucks. the company will pay full tuition for workers to get a

degree at arizona state university online. the chain is looking for ways to attract workers in a tight labor market. president hosts in easter prayer breakfast. it will not be as exciting as the easter egg bowl yesterday. the president was reading a book to the children, when these decided to make an entrance. they want sting you. -- >> tehey won't sting year. they will be ok. [screams] [laughter] brendan: the white house keeps bees to produce honey. tom: rand paul did that. brendan: that was actually congress. tom: the honeymoon is over.

twitter has to figure out how to turn a profit and make money. we have an important conversation now. we are honored to bring you the metropolitan museum of art. what can you learn from other businesses? >> i think there are so many different ways to reach consumers at an international scale using digital media that it was not easy years ago. tom: >> can you monetize it? >> absolutely. you have to think of twitter is a different medium. it is fundamentally different in its use and how people react to it. brendan: i want to bring up a chart.

this clarifies the difference between facebook and twitter. facebook has taken its user base and it is using it for other things. twitter has not done that. they have not taken their social graph and used to the user base for anything other than twitter. >> they are starting. they are early. they are still young. tom: how did you do twitter with your exhibit on the plains indians? give us examples about your leverage. >> we are trying to connect the physical and the digital. a way to do that, like with the exhibition you just mentioned now, is to get people who are there to tell the story to people who are not. we put a hashtag very clearly.

every exhibition has a hashtag. tom: do you get pushback from the old fogies? >> there are no old fogies at the met. we are trying to take the vision of tom campbell and get people to talk about the art and what they are seeing. that is the key to any business. it is the storytelling. one way to do that today is to do it online, using social media. tom:olivia: how is mark zuckerberg going to make money off whatsapp? >> whatsapp does not have a monetization engine. it is very early for a messaging-based app to advertise products. olivia: why?

>> people have to figure out what to do with it. radio has different characteristics. what causes people to do something? the same is true when it comes to a messaging app. there are early examples, but it is very early. brendan: podcasts are figuring it out. one thing facebook is doing so well is that they are opening it up to more than just advertising. businesses wanting to get into the user base, they can monetize it that way. i have always thought of these companies as advertising companies and facebook is moving beyond that. >> for sure. you can look at snapchat for early ideas. very early, very hard to tell if it matters.

it is about helping companies engage with consumers. call it what you want. olivia: we are showing videos of snapchat. they have done it wonderful job incorporating digital publications on their platform. tom, i know you're a big fan. am i the only one who has not heard of viber? >> it is another one of these messaging platforms that is very popular in other parts of the world. it is sort of like whatsapp but it does voice. whatsapp does not have voice. viber allows you to call this. brendan: i love this. the guy from the met is telling us what viber is. >> think about technology. brendan: this is the point. you are still trying to figure out what to do with it.

tom: brian, thank you. good to see you again. terrific analysis of what is going on on madison and silicon valley. brendan: it turns out that we are water hogs. how much more do we use than people across the pond? the answer is coming up in our single best chart. it is not pretty. ♪

tom: good morning, everyone. brendan: californians will have to think hard about their showers. the subject of today's single best chart. i love charts that sell themselves without any explanation. cubic liters of water used per year. look down at the u.k. 213. does that mean the british are dirty? it does not. did i get a dissenting noise from olivia? olivia: i lived there. their teeth were a little yellow. brendan: you have been looking

into this. to californians see this as an unbearable imposition? >> is seems like they might looking at the chart. 25% -- that is not even enough. people in general can go down to 50% of the water consumption used. it seems like we can, especially looking at the comparative numbers. brendan: do we know why it is that the germans use so much less water than americans? >> we don't. olivia: the issue is not that i am leaving the faucet on wi-lan brushing my teeth or taking a shower for too long. it is that we should not be

growing almonds for allman's mill -- almond milk in california. >> 80% of the water used in california goes to agriculture. 2% of the gdp in california comes from agriculture. why are we growing almonds? why or wreak where owing -- why are we growing water thirsty crops there? brendan: when we are talking about the drought in california it is about politics. >> there is a huge political lobby in california. people are saying, we need to conserve. people are saying we are the agricultural industry and we deserve to use water. there are laws on the books that have farmers grandfathered into

say we can buy water at a cheaper cost then people coming on to stream now. olivia: never underestimate the strength of the agriculture lobby. can we just hype it in? is that crazy? >> it is very crazy. we pipe in oil. why can't we pipe in water? it is too costly. water is too cheap. we cannot make money off of water. in addition, water is heavier than oil. so we take that much more energy to send it over. brendan: thank you for digging into this. it is gross mismanagement and not an act of god. tom: to me it is price. it is that simple. olivia: our number three photo of the day. this is the new ad campaign from lane bryant. it is a spoof on the victoria's

secret angels campaign. they are using the #imnoangel. the ones on the left are on airbrushed -- un-airbrushed. tom: it is a huge debate. olivia: there has been a push on the fashion industry to not use rail thin models. brendan: we were looking at that picture to discover that those are plus size models. olivia: dove had a similar campaign. our number two photo of the day. michael taylor of the washington nationals back against the new york mets. the mets won the game. they will play the nationals. brendan: they have a winning record! it is amazing! it is the best season ever. tom: they have to speed up the

game. the need to knock 20 minutes off the game, at least. olivia: speaking of baseball, or should i say football. this hostess ad. they put out this unusual photo saying, "touchdown." that is a football term. tom: was it snarky? brendan: iron he, i think. tom: you can do this, can you. -- you can't do this, can you? >> we can have some personality. we can have a sense of humor. but we always want to be appreciative of the art. the art comes first. olivia: i follow the museum.

>> occasionally, you can have a sense of humor. our director is on instagram. tom: is that a shameless plug? [laughter] tom: get out of here right now. olivia: the elections are 580 days away. if you care rand paul is going to make it official today. do you care about the 2016 election yet? ♪

tom: good morning, everyone. "bloomberg surveillance." i'm tom keene. brendan: senator rand paul is making it official. he will announce that he is running for president. he will declare his candidacy in louisville. he is a favorite of the libertarians and the tea party. the jury will begin deliberating the case of boston marathon bomber dzhokhar tsarnaev. his lawyers admit he took part in the attack, but the defense says his brother was the mastermind.

the united nations says children are dying in the battle to free yemen. 74 have been killed since the fighting intensified. filthy water supplies pose a risk. ferguson missouri is hosting its first elections since a police killed an unarmed black teenager. two thirds of the residents are black. going into today's vote, the council has only one black member. harry reid may not regain sight in his right eye. senator john mccain says he is ready for six more years in washington. he will announce today that he is running for a sixth term. he has been in congress since 1983. tom: frank keating will join us,

the former governor of oklahoma. an important essay on china's infrastructure bank. this is fascinating. the meerkat cofounder and ceo will join us and mark halperin. we will talk about presidential politics. olivia: it was 100 45 years ago when the metropolitan museum of art first opens it -- 145 years ago when the metropolitan museum of art first opened its doors. why does the metropolitan need a digital change?

what do you do? >> i try to think about a million plus stories for our million pieces of art to reach one billion people. the idea is connecting the physical and the digital, the in person and the online make the online experience so great that people want to come to the museum. and then make the experience so great that they want to stay connected. olivia: which do you find is the most effective platform to connect to visitors? >> what we need to do is to use everything, from facebook twitter, trying all kinds of other digital ways. we don't need to be first on all of the platforms. olivia: 15 million youtube users -- views. is it a better use of your time to focus on youtube? >> on our flickr platform, there

is no -- there are no selfies. instagram is full of selfies. you have to find the right platform for the right audience. brendan: what drove this? did you notice a decline in physical attendance or was it something your donors wanted? >> we should say that mr. bloomberg and bloomberg financer p -- philanthropy supports a lot of what we do and a lot of museums around new york. olivia: where is our shameless plug noise? >> it is not about declining visitor ship. when we had a change of directors in 2008, we were up to 6.2 million visitors. it is about changing the profile of the visitor. getting more folks from around the world and the country coming to the mat. -- the met. tom: there is all of this stuff

stored away that we never see out in the hallways. isn't digital the answer? to take the gazillion pieces of stuff we have and bring it public? >> that is exactly what we are trying to do. to showcase everything that we have. we have the largest collection of baseball cards outside of cooperstown. tom: including the roger hornsby. >> and the honus wagner. tom: the mona lisa was a painting. i believe it is in a museum. [laughter] olivia: you are an expert in digital strategy. the dirty secret of social media is that everyone will miss on most everything you do on social media. >> why is this important? one of the founders of twitter

said that he is surprised at successful twitter is considering how complicated it is to use. there is so much hype around it. users need to pay attention to is the potential -- to the potential of social. tom: my newsfeed. what have you learned about the newsfeed on facebook? >> we have seen that facebook still counts. tom: particularly if you guys have sex out there. if you guys do naked paintings. >> the folks from buzz feed came in and did 22 statues having a worse monday then you. [laughter] >> the folks that want to engage with us, we want to respect the yard, but also have personality and let our viewers participate. tom: great to have you here. congratulations on your new

president and the plains indians show. how about a forex report? the ruble is stronger. that gets my attention. elevated oil prices. stay with us. another hour of "bloomberg surveillance." good morning. ♪ . .

>> this is "bloomberg surveillance." tom: rand will not mention ron

as the center from kentucky places at his hat in the antiestablishment ring. well ron paul be able to keep his mouth shut over the next 582 days? mayor rahm emanuel on a divide in chicago. and that the boom and bust, the poem and now the bus of oklahoma oil. it is ugly in tulsa. good morning, everyone. this is "bloomberg surveillance." we are live from our world headquarters in new york. it is tuesday, april 7. i'm tom keene. joining me olivia sterns and brendan greeley. let's get our top headlines. olivia: you can add another name to the list of republicans running for president. rand paul will make his formal announcement at noon in louisville. he is a favorite of libertarians and the tea party, giving hints of what his campaign would be like. here is his video from youtube. senator paul: we need to return

to our principles, stand up for the entire bill of rights, a road can return to prosperity back at home and abroad. it should return a balanced budget and a simple, fair tax system. olivia: rand paul is son of former texas congressman ron paul. and in chicago, polls indicate it is likely to be four more years of mayor rahm emanuel. he was forced into a runoff with county commissioner jesus -- but whoever wins will have a tough job. chicago's finances are a mess and the city's credit rating is a hair above junk. emmanuel pointed out what he accomplished. mayor emanuel: we cut the structural deficit in half, and now chicago is number one in corporate relocations, number one job creation, number one for the city with families living in, and also the number one little league city in america.

olivia: garcia says rahm emanuel does not deserve a second term. he says the city is in a financial freefall. and the jury is celebrating in the trial of accused boston marathon bomber dzhokhar tsarnaev. tsarnaev's lawyer said they agree he took part in the bombing, but he says the attack was land by his older brother who was killed in a shootout with police. prosecutors have asked for the death penalty. brendan: the formula for trouble with viacom, the parent company of spike tv, mtv, comedy central. viacom is taking a $785 million pretax charge to pay for job cuts and also to write on the value of underperforming shows up in tv's ratings were down 34%, comedy central down 30%. more follow from the discredited "rolling stone" story on alleged gamegang rape.

that comes at an outside report calls the "rolling stone" article in "failure of journalism." "rolling stone" has retracted the report but fired no one. the blue devils came back from a non-pointed deficit to win 68-63. tyus jones was named most outstanding layer. tonight, the women decide the championship. connecticut goes against notre dame. those are your top headlines. tom: absolutely insane. i think it is ridiculous when it starts. olivia: you went to bed early. tom: it is just way, way too late. speaking of the ncaa, stephanie ruhle brought together a group of titans from the world of business and finance to take their best shot. filling out a perfect march madness bracket, they all failed, but in third place steve pagluca the co-owner of

the boston celtics. and that you place, john chambers cisco down 20% because chambers spent all the money on the bracket. and gary cohn nailed it. all the participants ponied up $10,000, $360,000, and mr. cohn will donate that to a wonderful effort at harlem rbi. congratulations to all of these celebrities who ponied up on a wonderful event. let me do a boring data check. nothing needs to be said. for those of you on radio, we will keep you abreast, but it is a quiet range-bound day, the euro at $1.0863. olivia: polls have opened in chicago, and not since 1989 when mayor daley won his versus six elections has the race in this competitive. mayor rahm emanuel, who was, by

the way, daley's fundraiser back then. let's bring in peter cook, our chief washington correspondent, who is in chicago for the election. rahm raised eight times more money than garcia. how did this in up in a runoff? peter: it shows you the the satisfaction with rahm emanuel and some of the decisions he has made here have not been popular. he closed nearly 50 schools early on in his first term. he has faced controversy over that. he battled unions, particularly the teachers union here in chicago. there is dissatisfaction with mayor emanuel, and that is playing out in this race. at the same time, he has raised all that money, he has got strong business backing here in chicago. at the end of the day, that will probably pull him through. brendan: peter, have we learned something about the democratic party that you can really annoy the teachers unions and other municipal unions and still win as a democrat?

peter: yeah, but it is hard, and you will suffer some bruises along the way. that is what rahm emanuel discovered. he thought he was going to just win in the reelection easily, yet he is in this runoff situation, so it is not been an easy road for rahm emanuel but this does show that you can take on teachers unions and still survive. but it has been a bloody battle here. the animosity between the teachers union and rahm emanuel is palpable in this town. you can feel it and see it on the air as well. olivia: peter, for our viewers and listeners around the globe who are perhaps less familiar with mayor emanuel's track record in chicago, perhaps they know that he is the guy who said they faced to a pollster back and easy, has the mayor cooled off at all, as his style changed at all? peter: there has been a softer side that has shown up in the last few weeks. there is an ad running that has been inundating the airwaves he

has got a sweater on and he is looking at the camera and a knology he has maybe rub people the wrong way, and he says "that is on me but if you are looking for a fighter to stick up for you i am your guide." so there has been a softer side to rahm emanuel, but i'm not sure the fiery take no prisoners rahm emanuel that i knew coming up on capitol hill is really all that removed. olivia: all right, peter, thank you so much our chief white house correspondent. you know what else i found interesting? ken griffin, cofounder of citadel, has given more than $1 million to reelect rahm emanuel. tom: i wonder about the crime affecting chicago. i think the "chicago tribune" has done a fascinating job reporting, they are killing three and for a weekend in chicago. 580 days until the election, it is a "surveillance" bre

aksclusive, frank keating is not going to run for president a former governor of oklahoma. i had it westona question that cuts right to the point -- why run if you cannot win, mr. keating? 5, 8, 10, 20 republican candidates, and i do not see them with any tangible traction. why are they running? governor keating: it is like the maine legislature, tom, there is an opportunity for candidate to be elected from every town, so we do have a herd. i think it is healthy for the party to see all of these people and maybe they'll want to be the next my cubby. he has done -- the next mike huckabee. tom: has it become a cottage industry? we have always had many people desire to run, but is the system almost broken where we have the sidecar industry of running for president? governor keating: i think in my day, for example in 2000, george

w., all of us as a public and governors that he is our best bet. the bush name is tainted. i think jeb is the smartest and best of all of them but because there is an opportunity for all of these other people -- a lot of new faces like rand paul -- there will be huge line. they do not think a bit is a permanent front runner. tom: you will not support governor bush? governor keating: he and i are good friends, i think a lot of a, but i will wait and watch. it is probably better for me to be quiet for a wild. [laughter] brendan: tell the truth. you all played horseshoes to see which governor got to run in 2000, is that what happened? governor keating: yeah, we were divided by the size of the office. those of us with smaller offices cannot even hit the pin. i think it is exciting for americans. the democrats are going to have one candidate, sensibly, so for

us as americans do have 20 people out there talking as long as there are not too many debates and people disintegrate and basically knife each other during the course of the campaigned as i think there's going to be a lot of interesting debates. this is the election of 1860. it is a very serious time for us fiscally and internationally. tom: let's come back and talk about 1860 stephen douglas, abraham lincoln, the debates stop olivia: that will get people to tune in. we will take rand paul's announcement live today. mark halperin and john heilemann will be covering it. and that brings us to our twitter question of the day. the elections are 580 days away. do you care yet? tweet us. ♪

tom: good morning, everyone. "bloomberg surveillance." with us, we have the author frank keating. he is a governor but also an esteemed author of children's books. isn't denver day-lewis on the cover -- isn't daniel day-lewis on the cover of the book? governor keating: i would love to have him, but his royalties are too high. tom: you equate what we saw the 1860's, toward the civil war, to

where we are now. how close are we to a lesser violent civil war? governor keating: i think there is a cultural divide, very dramatic, maybe generational. i think the reality of the marketplace is the united states and individual states are in real fiscal problem shape. the international situation is very untenable and very unstable. all of this remind me certainly historically of the challenges facing the country in a different era, 1860. tom: those challenges with the formation of the republic and party at the chicago convention how do your republicans reinvent the else in the next 580 days? governor keating: acting like adults and saying here are the five things that most america -- lets a martin van buren, i think that is absolutely correct. here are the 5, 3, 4 things i will do as president, and he did them. and i think whoever is the republican candidate favorite, most on opportunity for america

-- tom: should rand paul be a candidate? governor keating: he is in there. he cannot be his father. if he is his father, he will lose. brendan: i talked to greg ballard, the republican, and i was stunned with how upset he was over indiana's freedom of religious restoration act. that seems like it has shifted in the party. governor keating: i think it is generational to a certain extent, but we have to remember when a sensitive issue is handled by the courts as opposed to buy individual legislatures in the federal system of all 50 states, you will have a problem. when roe v wade was handed down by the supreme court, there was not even a right to life movement. before then, all the states did on their own. i think you are seeing that here. that is regrettable but it is a fact of the marketplace was that i think republican mayors are more interested in their city or

state survival. you will see a more progressive bent from them, but it is a serious issue that does conflict and affect a lot of people. tom: frank keating with us, mark halperin will join us later from louisville, kentucky. on the election, do you care about the election the first tuesday of november, 2016? stay with us from new york city "bloomberg surveillance." good morning. ♪

tom: good morning, everyone. "bloomberg surveillance." futures up 3, dow futures up 33. top headlines with olivia sterns. olivia: senator rand paul is making it official. he will announce he is running for president. he will declare formally his candidacy in louisville. he is the son of former texas congressman ron paul. duke is celebrated its fifth ncaa basketball title.

the blue devils trailed by nine points in a rally to beat wisconsin 68-63. tyus jones led duke with 23 points and became the fifth freshman to win the final four outstanding player award. also crossing the bloomberg terminal, fedex is it and into europe. the are prettier the world's largest cargo airline is buying tnt express. a reported $1 billion in cash. ubs had to scrap its own bid to buy tnt. regulators moved to block the deal. in southern china, a chemical plant is trying to recover from it second blast in 20 month. s. six people were hurt when the fire broke out. the factory makes a toxic chemical used to produce fibers and plastic. authorities are linking carbon monoxide to the deaths of a father and seven children. police found the bodies yesterday at a home in maryland. the generator was being used for

heat after power was cut off because of unpaid bills. a utilities spokesman would not say whether service had been shut off. brendan: and "star wars" dates back to a forgotten galaxy that use dvd's blu-ray, even vhs but now fans will be able to legally download all six movies being released friday by lucas, fox, and disney. also, extra content. the seventh movie in the franchise can "star wars: the force awakens," i do not care what you are watching, han solo drew first. tom: coming up on "bloomberg surveillance" mark halperin will join us from louisville kentucky. are you ready for rand? rand paul announcing his candidacy for presidency from the great state of kentucky. and frank keating's unique perspective on oil and oklahoma. if i seem at bit instructed, i

and, i am meerkatting, olivia is, brandon, are you? brendan: i am not meerkatting anyone, but i will try to move this forward. you know what -- if you do not know what meerkatting is coming your granddaughter will tell you soon. there is a meerkat election. meerkat produces a live stream, that is, if you are watching tom's liv stream ran out, you are watching mee -- olivia: i declare four people on the planet are watching tom's live stream. brendan: ben rubin, meerkat's ceo and cofounder, joins us. how will this change the 2016 election? thenben: i think the mindset behind the politicians being able to level up to the audience and be able to be so intimate with them and take, you know

take questions answers, even show a different perspective is kind of what makes it interesting for how this medium of politics and audience or the voter, basically, -- it basically has changed, the moment you can we in the car with jeb bush or rand paul. brendan: meerkat has grown explosively over the last six months, people started using it at sxsw. what had to happen for the success of meerkat to be possible? ben: so, six weeks, actually. we are working in the space for three years, we had a couple of different other products for live streaming. i think that the moment we closed our last product, it was also live streaming but it was

very much complex, i think because live streaming itself is a bit of a -- is something that is not -- people are not comfortable. everybody to the picture before instagram -- nobody live streamed before meerkat. there is an emotional transition you need to do, and also the product is too complicated, then it is even more of a problem to go live. meerkat was so simple, and i think that this is what is appealing to a lot of different people that never live streamed before. also the fact that nothing is safe makes a very fun and an easy way to kind of live stream. tom: if it has a certain immediacy, and obviously the immediate immediacy is you have to compete, what will be the distinction of meerkat? how do you win in something were very few people get to win? ben: we do not measure it by

winning or not. i think that in every type of medium, there is always four different kind of feelings the product represents. the meeting, the formal, the non-formal and the beautiful. in this medium, which is very new, it is the one to many synchronous. in live tv, it also exists, in radio. it is a very new medium, and it will not be meerkat or periscope. it will be at least 10 different other products. each product is going to be its own community. brendan: all right, ben rubin, ceo of meerkat, the overnight success that he has been working on for a very long time, thank you for joining us. tom: very good. coming up, rand paul will announce he said he would like to run from resident, he will do that from his louisville kentucky this morning. big time festivities.

our mark halperin is there, and he will join us here on "bloomberg surveillance." let me do a data check, 10-year yield, 1.90%. stay with us, "bloomberg surveillance." ♪

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xfinity watchathon week. now through april 12th. perfect for people who really love tv. tom: good morning everyone. "bloomberg surveillance." frank keating with us, the 25th governor of the state of oklahoma, this as we prepare to go to louisville, kentucky, and our mark halperin. per capita income in america

the white line is kentucky, the redline is booming, texas particularly booming from 1998 to 2008 that is the senator cruz boom, and here is the evil east coast, brendan greeley evil washington and the district of columbia. booming, booming over 20 years, big government in washington. brendan: why do you go to me when you talk about the evil metropolitan d.c. area? this is texas right now. there was a boom there is a lot written about the texas model versus the california model two years and three years ago. i think we are about to find out how much of that was predicated on the success of oil. so is that an energy boom or a regulatory boom a? tom: you have got the other diverse economies of kentucky, then the bloom of evil washington, i think of ronald reagan polarizing that debate. does that debates the work, and will it work in 2016? governor keating: tom, i went to

georgetown and my dad from pennsylvania, when he would visit me whenever he would see a crane with a they should not be here, they should be elsewhere. this is government. he was very much about theology. i think the success of texas -- and i really ate texas, i got right to work on the constitution, texas energy like oklahoma's, maybe 7% of the economy. now the spinoff a significant come of the regulatory barriers the fact that has no corporate or individual income tax, those are very appealing. tom: what, are you running for office? governor keating: no that is the history of texas. someone told if you like texas so much, why don't you move there? tom: frank keating with us as we get ready to go to mark halperin in kentucky. olivia: a call for change -- this one wants to change his own party. a few hours now, republican senator ran all of kentucky will announce he is running for president. he is a favorite of libertarians

and the tea party. he released a campaign video on youtube. senator paul: it is time for a new way, a new set of ideas, a new leader -- one you can trust, one who works for you, and above all, this time, it is time for a new president. [cheers and applause] olivia: paul plans to focus on young voters and the internet. he will answer questions -- where else -- on facebook. chicago voters articles write now deciding whether or not mayor rahm emanuel should get a second term. polls show that emanualel should easily defeat jesus "chuy" garcia. chicago's credit rating is just above junk. emanualel president obama. and the jury begins deliberations in the boston marathon bombing case. lawyers for dzhokhar tsarnaev

have agreed he took part in the attack that killed three people and wounded more than 160, but they say the attack was masterminded by his brother, who was killed in a shootout with police. prosecution plans to seek the death penalty. brendan: i am there capting -- i am meerkatting olivia's read. the world close the largest hedge fund is up 14% bridgewater. dalio bet big against the euro. the euro dropped 11% against the dollar in the first three month of the year. turns out your paris so maybe eight college get on a full scholarship. starbucks will now pay full tuition for workers to get a degree from the university online. they're looking for ways to attract workers in a tight labor market. and president obama hosts an easter prayer breakfast today. he is probably hoping it will not be as exciting as the easter egg roll yesterday. the president was reading a

book, "where the wild things are," if you must know, when bees decided to make an entrance. president obama: oh, no, it is a bee! it is ok, guys, these are good. they will not land on you, they will not sting you, you will be ok. wait, wait wait. [laughs] [children screaming] brendan: the screams when coming from capitol hill. that was a reaction to the white house. those are your top headlines. tom: let me do a quick data check. the news is it is a quiet market. i believe that is constructive news, it is important for those looking at equities, bonds currencies, commodities. futures do get a bit of a list the 10-year was $1.88, we're back to a $1.90. nymex crude continues elevated.

on to the next screen here very quickly. the vix, you can see where it is, ruble continues stronger brent crude near a $58, and gold $1211 per ounce. olivia: good morning. this is "bloomberg surveillance." i am olivia sterns here with tom keene and brendan greeley. tom: let's look to kentucky. they are steeped in presidential tradition. henry clay ran for president not once, not twice, but three times before the civil war. senator clay opposed the annexation of texas. rand paul would like to forget texas and the candidacy of senator ted cruz. mark halperin is of bloomberg politics. he joins us from louisville this morning. who will senator paul speak to this morning, mark? mark: about 1500 supporters from this state. his father will be here. at about over 100 media people from all over the country and the world.

the second candidate is in the race, and a lot of interest from this guy who was strong in 2014 and 2015. he's told a little bit, but today is the day he will try to take the spotlight back. tom: he has got to reach to a larger audience. is that a task or today or does that way for the weeks and months to come? mark: no it is very much a task for today. he has that to simultaneously do, which is keep his poor supporters energized, younger voters who are more libertarian in their beds, who like the way he talks in a different kind of way, but also have a broad appeal. he is trying to figure out a way to become not just a fundraising powerhouse and a grassroots powerhouse but a real force in the fight for the nomination. brendan: mark, you have my attention when he said his father, ron paul, will be there. how to see thread that needle? he has got to show america that he is and is not his father's son? mark: very similar to what jeb

bush is dealing with, which is a father who, if it were not for his father's role in politics he would not be where he is today. his other brings some positives to the table, including a very committed following in places like iowa, new hampshire you have a base that on most no other candidate have, but then he has got to get the on his father. his father once made a difference in the debate to never really was a credible threat to be the nominee of his party. rand paul can be the nominee of his party under the right circumstances, maybe even a vice presidential nominee. tom: mark halperin, define what libertarian means to senator paul versus his father. the word "libertarian" is squishy full set you and john bat it around like it is a shuttlecock in badminton. what does it mean to rand paul? mark: it means the government is too big, here at home where there is too much spending and it is too big in terms of

surveillance, that the balance post 9/11 has been too much toward national security, not enough toward protecting civil liberties, and it means overseas that the government, the u.s. government does not reflexively get involved and commit military troops and treasure and blood on national security situations where the u.s. national security is not direct way implicated. olivia: of course ted cruz just announce a few weeks ago that he himself is going to throw his hat into the ring. how does this split the tea party vote? mark: there are a lot of people who would like the tea party. if you do find the tea party of people who think the government is too big, who oppose the of horrible care act, who won their to be lower taxes, then we have now, there are a lot of people that we have bidding for that vote. ted cruz and rand paul, the first two guys in, have as much of a claim to that audience as anybody else who will this race, and they really will compete aggressively for them. most tea party issues care about other issues -- they care about

foreign policy, social issues, so both of those guys -- as well as the other people competing for two votes -- will have to figure out, how do i get my size of the tea party but also build in other places? that is part of the power of rand paul. he has classic libertarian follows of his father who do not necessarily consider themselves tea party. they are against the culture. they denied and like the tea party because it is still a party. brendan: mark, rand paul has been reaching out to black audiences in the last year or so. he went to ferguson, missouri and talked about his and reform. how is that -- talked about prison reform. how is that going to play out? mark: there will be a lot of african americans playing out in the republican nomination fight, but there is a process for someone reaching out to be inclusive but for the general election. some dismiss rand paul, he says i am the only one trying to make the republican party bigger. olivia: mark halperin, we will leave it right there. thank you so much. mark halperin of bloomberg

politics, a reminder toviewers and listeners, we'll take rand paul''s at 11:45 a.m. mark halperin and his colleague john heilemann will be joining him. hartford question of the day, it is 580 days away -- do you care about the 2016 election yet? ♪

olivia: good morning.

you are looking at live xers of a sunny new york city on this tuesday, april 7 morning. this is "bloomberg surveillance." matt miller is here. matt: it is actually raining outside. olivia: i guess it could be sunny and raining. matt: it is not funny. olivia: matt is in for betty liu on "in the loop." is there a nationwide battle brewing between the cable companies? matt: no there is opposition as always. i will talk to leo hindery about it, a media blu-ray, and also asked him what he thinks about this whole sling tv problem, which is some people are buying's moeller cable packages, they pay less money, they get fewer channels, but it is not working very well because it is internet-based so for example during the final four, a lot of people did not into watch their games. they got error message and what terribly unhappy.

is it a good thing? leo thinks it is not because it lessens the diversity, and we need the diversity of 1000 cable channels he thinks for this society. olivia: and to many were trying to watch kentucky lose on saturday night and were not able to get on. that was a big up that. the cover of the business section of the "wall street journal," viacom taking the charge on cable woes. it looks like internet has made reruns less valuable. matt: yeah, there is a lot to talk about. obviously the comcast-time warner merger. we will see if leo thinks fewer cable companies, less competition could make better service. i cannot imagine how it does. i will also talk about formula one. leo hindery actually won le mans. he is a very talented auto racer. he does not race as much anymore, but he won le mans as a driver. he drove a car and won.

that is pretty awesome post up he is trying to bring formula one, one of my favorite sporting events in the world and indeed the most watched sports league in the world to new york. we have artie got a raise in the u.s. in austin, and he wants to put a track in new jersey just across the river here. i have gone there and done a couple of laps on this proposed the tracks, and he has been trying for a few years to see if he can finally get here in 2016. olivia: that is really interesting. as you said, half a billion people watch formula one. matt: more than half a billion people watch formula one every race weekend. and there may be a women's formula one division. bernie ecclestone may make that possible. obviously happy people in the world are women, so it will be more -- obviously half the people in the world are women, so it will be more exciting if they are in. olivia: i never thought the data matt miller is stumping for

female drivers. matt: i am into it. i want more people to appreciate the sport as i do, and my mom and my girlfriend could get into this, i would be pretty please. olivia: also, i recently covered formulae with richard branson. lots to watch with matt miller in leo hindery, who is apparently an expert racecar driver. be sure to turn in at 8:00 a.m.. this is "bloomberg surveillance." on bloomberg television, streaming on your tablet, your phone, and bloomberg.com. we will be right back. ♪

tom: good morning everyone. "bloomberg surveillance" from new york city. we need top headlines. here is olivia sterns. olivia: senator rand paul is making it official. a few hours from now, he will announce he is running for president. the kentucky republican will declare his candidacy in louisville kentucky. he is a favorite of libertarians and the tea party. he is also son of former texas congressman ron paul. the jury will begin delivering the case of accused boston marathon bombers oh cars are higher. his lawyers admitted he took part in the attack that killed three people and wounded more than 260 others. the defense of his older brother was the mastermind. also crossing the terminal -- united nations says children are dying in the battles in yemen.

at least 74 children have been killed, more than 100,000 people have fled their homes and filthy water supplies pose risk of disease. more business travelers are bypassing the taxi and choosing services like uber. according to a report, 47% of the users marked ground transportation rides were through uber more than triple the 14% uber had a year ago, and uber now tops taxis for business travelers in several cities. airbnb is taking another step to avoid being called a tax dodger. economy says it will collect the 12% hotel fee in california. airbnb has cut similar deals in chicago, washington, and the san francisco. senator john mccain says he is ready for six more years of washington. the 78-year-old arizona republican will announce he is running for a sixth term.

he has been in congress since before i was born 1983. those are your top headlines. tom: let's look forward into the next hour of bloomberg television. rand paul of course front and center in the news cycle. our mark halperin is in louisville, kentucky. and we moved to chicago, a vote in chicago, rahm emanuel doing better than good. our peter cook is in chicago. will streaming kill cable? we will speak to leo hindery about that and our matt miller will do that in the 8:00 hour as well. the glass of the oil business is not new. what is different this time? what lessons can told the oklahoma and texas learn about the do advanced petroleum. looking back to his native oklahoma, frank keating, 24th governor of oklahoma, this time it's different for stop what is different about this oil bust? governor keating: technology.

when i was a high school student, my father said i have got college paper you and your twin brother, but i'm getting out of the drilling business will stop i cannot make any money on three dollar oil, they have found all the oil they are going to find anyway. that was years ago. fracking, the technology of horizontal drilling, all of this is new and really remarkably significant for america's energy security. tom: i saw a sobering chart on oklahoma earthquakes. there's no question there are more earthquakes. can you link that in to the oil system of oklahoma? governor keating: i think what could cause that is wastewater disposal. that could be the cause, and there is an in-depth study going on -- tom: we need to get on that. governor keating: fracking itself is not the issue, forcing water through rocks -- it is wastewater disposal, pumping it into these caverns, if you will -- olivia: but it is because of fracking.

governor keating: there are technologies to use the water without having to bump into the ground, which is him and you have to do because obviously freshwater -- look at california -- is hugely valuable today, and if you can save it, save it. tom: we have got to get on this right now. governor keating: absolutely. brendan: you get fat years and lean years in an oil economy. as oklahoma prepare for the lean years? governor keating: yes, because we have a balanced budget. oklahoma like 35 states and the union to produce oil and gas, so everyone is going through some measure of this, but the reality is generally eking, diversify your economy, save money for the lame years, and most in the energy patch do. brendan: you have a sovereign wealth fund. was the money saved as well? governor keating: yes. most of of those states do. it is not a great deal and is

not sustainable, so those are issues that have to be a dress but diversification is important. this has hurt to see a decline in oil prices i 50%. olivia: do we need to lift the export ban? governor keating: yes. olivia: what is the argument for it? governor keating: there are a lot of things we make, produce, and ship out, and why do we not ship out petroleum products, whether it is natural gas or liquefied petroleum products? obviously there is the argument -- we do not sell it all to the chinese, but the reality is there are excess capacities and excess supplies out there that ought to be sold for the right price. tom: frank keating on oil. olivia, are you going to get us started? olivia: brendan will. brendan: i am looking at drop today, and for the rest of the week. the more we read about the drought in california, the more we are realizing that it is not about conservation, it is about politics, it is about power.

there is enough water, the question is -- how is it manus who gets it, and are there market mechanisms in place to make sure people can serve? -- people conserve? this is not a new story. we have been reading about this for two years. the immediacy of the announcement of a 25% cut, but we should have been on top of this both as the media and as california's government for three years. olivia: it is the use and agriculture. it means my beloved almond milk is probably not the best use of water. on my agenda, it is a runoff in chicago, the first time since 1989. that was the first time mayor richard daley won an election coming up that time, rahm emanuel was his chief fundraiser, so today, rahm emanuel, yes, he is in the lead but it is a runoff. he goes against jesus "chuy" garcia. the last poll showed him with a 20-point lead, but a very interesting election. tom: george washington is not announcing his candidacy today.

this is frank eating's george, and in here with beautiful illustrations is how we idolize our first president, our 16th president, this is the heritage that rand paul is desperately trying to reach back to this morning. i mean, he is going to harken back to the romance and nostalgia we have about the presidency, but is all gone when you have got 50 people running. governor keating: remember lincoln was viewed as a guerrilla by his opponents. george washington was unanimously selected, the continental army commander, he was unanimously selected twice as president but as president, he wanted to get out of there as fast as the good because he was demonized. so that is politics. tom: do the conventions matter anymore? governor keating: they do, but the political parties do not matter as much, which is unfortunate. political parties ought to matter. brendan: the party controlled the camera angles, every thing,

now the parties have lost control. you were talking about meerkat in the break and how that was just a long process. governor keating: and you found out that meerkat was a carnivore. it is going to eat politicians alive, i guess that is right. brendan: is it harder to be straightforward as a politician where you can say true things? governor keating: obviously because things taken out of context will not be understood. if you try to say something funny, people do not think it is funny -- that will not be understood. to have a fluid flow of ideas is essential in a free society. that is what concerns me about these technologies will stop a lot of men and women in public life will say i will not give my views. look at mitt romney with the 47% statistic. olivia: that will actually be streamed live from your cat. our twitter question of the day, apropos of the elections, we ask you, do you care about the 2016 election yet? the presidential election as

n is 580 days away from sub the first answer -- yes, america affects everyone globally. the second -- the election is about 99 out of 100 right now. tom: you wonder when that flips. olivia: third and final answer -- yes, frank underwood for 2016. wouldn't it be great if kevin spacey from "house of cards" ran? tom: i am shocked. brendan: i would like to know when we can just start calling candidates candidates, what we have to wait for the dance when they officially declare their candidacy. jeb bush is a candidate, hillary clinton is a candidate. tom: there's a whole ballet to that. brendan: martin o'malley of maryland -- running for vp. tom: ok, there it is. frank keating thank you so much, especially on oil. governor keating: my pleasure. tom: data check here, up 4, dow futures up 35.

just a turn in the market. no other way to put it as we see a global economic data. we continue on bloomberg radio with "bloomberg surveillance." matt miller is next, "in the loop" with matt miller. stay with us. ♪

matt: good morning. it is tuesday april 7 and we are live here in midtown new york. you are in the loop. i am matt miller in for betty liu.

we are 90 minutes away from the opening bell. we have a great show for you today. leo hindery joins us to discuss why they could be a nationwide war as cable company's battle each other for online subscribers. could we see even more consolidation in this industry? doug hyde joins on a big day for republicans senator rand paul said to announce his run for presidency at noon eastern time. we will bring you the latest on the chicago mayoral race. a big run off thee. a california drought situation worsens and we look at u.s. consumption versus the rest of the world. we will give you all you need to know about it. here's a look at our top stories. fedex is expanding in europe. it will pay $4.8 billion for a struggling dutch delivery company. ubs tried to buy the company to years ago but regulators block the deal.