mark: from bloomberg world headquarters in new york, this is "bottom line." ♪ to our viewers in the united states and to those of you joining us from around the world, welcome. we are full coverage of the stockton stories making headlines on this monday. examining the highs and lows for hbo and the season opener game of thrones. peter cook looks at the coming

fight between the white house and congress over the iran nuclear deal. first, the stories we're following. marco rubio telling top donors he is running for president because he feels uniquely qualified to pitch his republican party is one that will defend the american dream. the first-term republican florida told the biggest backers he sees the presidential 2016 campaign as a choice between the past and the future. he spoke on a conference call before a political rally scheduled for tonight in miami. hillary clinton is scheduled to make her first campaign appearance tomorrow at a community college and i want. sunday she ended the suspense over whether she would seek her party's nomination. >> i am running for president. americans that pop their way back from tough economic time but the deck is still stacked in favor of those at the top.

every day americans need a champion and i want to be that champion. mark: she is taking a road trip to iowa in a van. iowa is the traditional site of the first party caucuses. a surprising number for one of the drivers of china's economy. just exports fell by the first time in over a year. oversee shipments dropped 13%. china is already dealing with overcapacity and property slump. circulation the government will take more steps to stimulate the economy. school officials say with a gunman with the rifle and did -- entered a north carolina community college campus building that killed the print shop operator that just arrived at work. authorities say they knew each other but not immediately care what led to the shooting. the school is located in the town of goldsboro. that is a look at the top story

we're following. more on presidential politics 2016. douglas holds aiken resident of the american action forum. welcome back. good to see you again. school secretary clinton go off of her successful has been campaign? how will hurt economic policies differ from her husband in president obama's gekko >? > i think the biggest problem will be distancing herself from president obama 60% disapproval rating. she is fighting political history. very difficult for the same party to hold the white house for 12 years. if you look back at her record as secretary and senator of state, there is no single accomplishment. she will have to somehow it

explained why she is running for president and has been running for 10 years and give the american people a reason why she will accomplish something for that job. mark: is her campaign the least bit concerned about benghazi and the e-mail gekko reports are they want to race $2.5 billion syria that is money to cover a lot of problems. there is concerned they are concerned about the perception she is entitled to special rules. these are all political liabilities. mark: voter fatigue over having another clinton run for president her biggest weakness? >> i think it is a serious problem for the clinton campaign. marco rubio will announce. he is young, hispanic, bilingual. his parents are the american dream.

this really stands in contrast to everything that the clintons are. that is attempting to be. mark: do you see parallels between the rubio and senator obama? >> both longshots. ultimately ran a salary consistent -- ultimately ran on contested. so it is worth keeping an eye on how the campaign developed. mark: senator reveals that he feels uniquely qualified to talk about the future. is he, and does his age give him an advantage with younger voters or will he hear what barack obama heard when he ran, you are too young and only a first-term u.s. senator gekko? >> i think he will hear the latter and then will point to his parents were immigrants in the united states.

he has spent a lot of time in the and it's becoming very surface to get in and policy and mastering foreign policy. a very important task proposal. he is a policy rich senator and that will help them. mark: they say some people running for president are not ready for prime time. they will pull out the video senator rubio gave the republican response to the presidential state of the unit -- presidential state of the union. have senator revealed learned from that -- has senator rubio learned from that? >> we will find out. every campaign will have its ups and downs. i sometimes think that well sometimes campaign last along, one of the virtues is you can find out who can make -- make mistakes and recover and who is ready for prime time and show up again and again? that is we find that as the

candidates go to the trail. mark: senator rubio did lose key party report -- the fourth when he pushed for comprehensive immigration reform. will that come back to hurt him in the primaries? >> i think that will come back to hurt in the primaries. this issue has taken on great political heat since the president used his political authority or the overreach of many and forward. anything associated with that he will hear about. he attempted to reach across the aisle and govern. he will make the case that we need that in washington, a government knows how to make a print will compromise and move forward. mark: how does the business community see the 2016 presidential race shaping up? what does the business community want to hear on either side? >> i think this this community

is tired of hearing big business if the problem and the fact that washington itself cannot seem to get the simplest done. we're not getting the trade deals closed down. we cannot keep the government open sometimes. they want to see in these candidates of willingness to lead, getting things done and putting america back on the right track. mark: is the message of this campaign, the economy seems to be doing well but could be doing better gekko >> i think the message is the economy is doing a lot better. that means these are the good times. i do not think america wants to accept these are the good times. mark: douglas holds aiken joining us from washington. thank you. --douglas holds aiken. bloomberg politics will have a show culprit -- coverage tonight of marco rubio's entry into the 2016 presidential race.

think kickoff with regularly scheduled " with all the respect at 5:00 new york time. returning for on all daschle of "with all due respect." john kerry troubles to capitol hill today. trying to prevent congress from passing legislation the white house fears could destroy any final agreement with iran peter cook has more. chances lawmakers will stand in the way of a deal? peter: this is clearly going to be a very close call. republicans on the hill and some democrats remains goal about the deal. first of all the terms of the deal, whether it will prevent

iran from obtaining a nuclear weapon. then perhaps the flipside, the deal is ok but they will not honor the deal. that is a selling point or challenge facing john kerry. the white house is in sales most clearly trying to block a piece of legislation on the hill in the senate. they are hoping the proposal would effectively give congress a vote on the bill. they want to water it down or block it all together. they say this bill risks derailing the entire negotiation. the president would be to legislation. earlier i spoke to angus king to get his take. he said congress should have a say in the deal but he worries politics could get in the way. >> i have some reservations about whether some of my colleagues will be able to do this and responsible way or whether it will be a bludgeon to beat up the president a matter what. i do not buy that. if that is the latest going to

be handled, i am out. peter: senator king said he was 50/50 before the talks that the in switzerland. now he thinks the chances are 60/40 in favor. he still has not totally signed up but seems more likely to be on board at the end of the day than not on board. mark: where is the administration strategy at this point? peter: the strategy is to dilute the idea coming -- the legislation. one other idea, they would like conservative republicans to put so many cover things on the legislation that there is no way the bill would get support from democrats on the floor of the senate. multiple strategies. one important thing to watch, what separate legislation can be put out there. "money clip."mark: thank you.

the republican plan to completely get rid of the aipac. the bill will benefit -- benefits and nearly 5500 wealthy american households. ♪

mark: welcome back. an activist investor is targeting chipmaker qualcomm. asking qualcomm to think about spinning off its chipmaking unit from the patent licensing is not . at times account for most of the qualcomm profit. more than a dozen big retailers including target and gap are being asked and the way they generate employee schedules. the new york attorney general's warning retailers that requiring hourly workers to make ourselves available on short notice maybe illegal. the on-call shifts may force workers to check in a few hours in advance to you they are

needed. you report shows groupon market value may be as high as six billion dollars. teen monsters that the e-commerce company could the best for businesses including a south korean daily deal site. he says sales could mess the company as much as $730 million. the market value is about $5 billion but munster says it should be 20% higher. sprint is going to start making house calls. the wireless company rolling out personalized service in kansas city kansas and miami, florida and chicago, illinois. subscribers to upgrade my phone with a trained technician that will come to their home or office. that is a look at the top stories we are following on this monday, april 13. coming up u.s. house republicans a vote on repealing the 99-year-old estate tax.

doug let death, ceo of lending tree will join us. -- doug lenda.

mark: this week the u.s. house

of representatives plans to vote on legislation to repeal the is the cap. the plan will effect only 5500 wealthy american household. it will completely eliminate capital gains taxes on assets passed on to the errors. richard rubin joins me now from washington. -- p[assed on to the heirs. on your story you want -- you break that they want a bigger estate tax plan than ever. >> in the old plans what they did was known as carryover basis . you would have to pay capital gains tax on the full value since your parents bought it 60-80 years ago. capital gains get completely wiped out. if you inherit property you will need hay capital gains taxes on the difference between what it was worth when you inherited them and then when you sell

them. mark: tell us about the grass we are seeing on the screen. >> think of it as a family business example. a family business grosses 50 million. they die in leave it to their daughter who sells the company years later for six he. there is a big difference between what would happen under current law and what would happen under the new republican plan. 18 million versus 2.3 million. the real contrast is obama now wants for this family to have a cost 30 million in all. even though the family started really far apart are even further apart now. mark: the timing of the latest effort, does bringing it to the house laura, april 18, the tax filing deadline, does it give it more momentum? quite yet and no. only republicans to show

business groups and people interested in the issues that republican still care about it. they have not had a full vote on the house floor since 2005. at the same time they do not have enough both on the house floor. mark: is said to a law professor at the university of southern california in favor of rick human beings they attack the believes this is not the way to go about it. what problems does he have with the legislation. he says this encourages people to hold onto assets until they die. does i can anyone incentive to sell. if you have any reason not to sell, you want. it is counter to what the people who want to repeal the estate tax say. they say we want to be able to enable people to pass that from one generation to another.

what he says as you want that but you want people to sell when there is a real economic reason. mark: give us his store context on this. what was the repeal of the estate tax originally intended to do -- give us the story on this. >> it was created in the 1916 era. teddy roosevelt talk about it a decade before that. it has been designed that's on life the income tax to produce consistent stream of revenue. going after people who made a lot of money and create leveling between income groups across time. it is designed to break up the biggest origin. mark: has the cry then that success in america is being punished even when you are being lowered into the grave? >> exactly.

this has the visceral appeal of going after your money after you are dining. republicans have been able to six is fully make that point. it taxes a lot fewer people now than it used to. now we're down to .2%. it is really a very small fraction that it affects right now. republicans are still going after trying to repeal it. mark: what about the obama administration's contention that it protects the very wealthy? >> the obama administration would like you to think tax would be higher. they want a higher rate, lower exemption, tax capital gains and raise the capital gains rate. that is part of what the administration has been talking about for seven or eight years now which is they want higher taxes on higher income people and cut classes on the middle class.

where they are and the estate taxes where they are good with everything else. what you see is that growing over time. mark: one of the contentions is a large group that gets hit by this, family farms. >> farmers in particular want this bill constructed the way it is. you have farmland that has really appreciated significantly over time. a lot of that is based on what it is next to in terms of development. also inflation. farmers are one of the groups really interested in keeping the bill exactly the way it is. mark: i have about 10 seconds. what are the chances richard rubin joins me from washington talking about the estate tax. read his story which is fascinating at bloomberg.com. the founder and ceo of lending tree will talk about the latest

trends in online lending and transforming the mortgage market . stay with us. ♪

mark: welcome back to the second half-hour of "bottom line i. am mark"crumpton. getting it to the top stories we are following on this monday, april 13. the price of crude oil, crude is up about half a percent at this hour trading at it do 1.92. in sports, jordan spieth's tournament win brought the ball up and viewership. the 21-year-old tied tiger woods

record for the lowest score in masters history. beating phil mickelson by four shots. he won 1.8 million dollars and the ceremonial green jacket. now there is talk he could take another -- take home another 10 million per year in endorsements. shares of under armour are up today after the record-tying victory in the masters by the golfer it monsters. jordan spieth was a walking billboard for under armour. he recently signed a long-term contract with the sporting company. coca-cola is going all in for american soccer. they signed a four-year sponsorship deal with u.s. national soccer teams. coke already sponsors the sports international governing body. major league soccer had been sponsored by pepsi from us two

decades. executives at pepsi made the not suffering any loss of sleep over this deal. pepsi has signed of multi-your marketing agreement with the nba replacing coke. this would give pepsi official partnership status with all four major u.s. sports leagues. that is a look at the top stories we're following at this hour. we turn our spotlight on lending tree. since it inception the online venture exchange has facilitated more than 30 million bone rick west and $215 billion in closed loan transactions. the founder and ceo of lending tree joins me in studio. welcome. thank you for your time. let's begin with automation. how has it given borrowers more options, and how has the competition affected the way you do business? >> the first thing you need to think about is the way we do

lending. it can be a traditional mortgage company or could be a start up or so-called p or two. market lending places. many others are now coming in to lend money to consumers and they are doing it with high automation in terms of automated underwriting and being able to fulfill a much broader swath of the consumer lending market. mark: how has that change from the very beginning when you started the company? >> it has changed radically. when you move over to personal loans or student loans, it has really been the advent of automation and that forms that have increased her revenues. that has enabled us to take our great brand we spent over $1 billion building and driving consumers and in the thousands every day.

mark: when you talk about lending do know you go and sit down with somebody and have a face to face dialogue. they look up your credit score talk to you about you what -- talk to you about what your dreams are. >> where we are with online lending is where travel was in 2001. september 11 you had every kind of travel company coming online. that took expedia and priceline to the moon. we hope the same thing will happen with us. mark: what is the difference between alternative lender and peer-to-peer lending >>? >> the way consumers benefit, i believe it is a commodity and you choose the lowest ice commodity. i believe it will go very similar overtime. you can get money, borrow money. if you are on the death store at bankruptcy or the perfect company like ge in terms of a

credit rating. i believe that change is just beginning to happen. i believe overtime are words are definitely in the drivers seat. what we have seen is lenders are offering many prices lower than they do on our own sites. we have access to millions of customers who want to get loans. you talk about intimacy. one of the things we have done to retain customers it's we have launched my lending tree where you can get a free credit score. we will send you all are. he will never need to fill out a form ever again. if we can save you money and give you a personal loan at 16% interest rate we just want to help you save money. mark: what is the average read between the highest and lowest loan officer and how has the increased competition change the spread, if at all >>?

>> in mortgage loans it used to be a or 10. it has now come down in loans. in personal loans we have seen that the phil about 500 basis points. we have been that come down to 250-300 basis points. some other lenders might be higher but we've seen individual letters cutting rates. mark: with the federal reserve considering cutting interest rates, maybe this summer, is now the time for homeowners to refinance? >> i have been saying it for several years. people have been listening. the beautiful thing about lenders competing is closing costs keep coming down. rates are still very low. home affordability is still a record highs when you look at the cost of interest rate in the cost of home.

definitely a great time. it really benefit the shop around. most consumers do not shop around for credit because they do not think they can and are just very happy to get approved. mark: after the break, the monday edition of the latin america report and the fallout from president obama's meeting in the city with fidel castro. ♪

mark: timeout for today's latin america report. -- time now for today's latin america report. >> we begin with cuban

relations. history was made over the weekend at the summit of the americas in panama city after president obama and cuban leader royal construct -- ray will castro met for the first time in more than 50 years. the white house is the meeting lasted for about an hour saturday. he said he should not be blamed for u.s. policies that have isolated cuba for decades. both men agreed to moving ahead with normalized relations and cautioned that change may come slowly. the next step in restoring relations will be the u.s. removing cubit designation as a state sponsor terrorism. president obama expected to decide on the issues very soon. now to brazil where challenges continue to mount for the president. a new polish shows two thirds of brazilians eight and impeachment process should be open against her because of corruption scandal at the state-owned oil company petrobras. the more -- the majority of

those interviewed said they believe she knew about the scandal when she was running the country. the fight majority support for impeachment, 65% do not believe she will ever step down. she did not see any signs of corruption when she was chair one of -- chairwoman of the petrobras board in a statement last month. now back to you in new york. mark: joining us from mexico city. thank you. that is run latin america report for this monday. coming up, there is trouble. game of thrones fans can now forget about watching the series on tv and just tune into the internet. this bill trouble for hbo last night. -- this spelled trouble for hbo last night. ♪

mark: welcome back.

caps on the iranian new year deal may have to be ended past the june 30 deadline. -- talks. since then you win and iranian officials have been sparring over the details. i wrong supreme leader system window to wrap up the deal is not an unchangeable matter. -- ir supreme leader. meantime, the obama administration will try to sell a skeptical congress about the merits of the deal. yesterday john kerry argued the administration should be able to negotiate a final deal before congress weighs in. >> i think we have earned the right sense -- through what we've achieved in and around agreement and what we've laid out in the parameter that has been set forth. we earned the right to complete this without interference and certainly without partisan. mark: secretary kerry and other

mentors will break -- cap members will break the house today. four weeks before the election. ed miliband says if he is elected the government will run a budget surplus by the year 2020. miliband's manifesto pledges key labor pledges such as reversing the tax cuts and the top tax rate and borrowing energy companies -- barring energy companies from raising prices until 2017. labor in crime minister david cameron's conservatives are net connect in the race. a spacex rocket will make a resupply mission to the international space station. the launch is set for today at 4;30 p.m. forlorida time from cape canaveral. all eyes will be on this private -- private space company to read land the launch rockets on a floating platform in the ocean.

coming up 2:55 is off the charts and a look at international visa restrictions. later, a top official from world wrestling entertainment will be on to talk about wwe and pay-per-view opportunities. it is time now for the commodities report. su keenan joins us with the details. >> initially we saw oil and gas higher as investors were focused on the final deal with iran. a lot of the -- doubt that it will happen. you look at the way we closed out. we initially had a jump of almost 3%. we can way off that. heating oil turned negative. also learned that speculators increased bullish bets on oil the most in almost four years betting u.s. oil production will start to slow. shorts of bearish positions fell 21% last week.

speculation on the iran nuclear deal is part of this, iraq's prime minister singh they really need for help finding isis which attacked fuel refineries lately and set them on fire. >> we in iraq are fighting terrorists on the ground. terrorism not only threatening iraq but the region and world alike. militants are smuggling oil and antiquities to get money. thus in need of an international effort to halt all criminal attempt by terrorists who aim to continue the bloodletting in iraq. >> concern about supply in the middle east providing support. also the beginning of oil and gas prices beginning to impact oil and gas companies. mark: su keenan with the commodities report. thank you.

"game of thrones" return to tv last night. fans without cable could catch it on the new streaming service. that does not fire a cable tv subscription. for new episode early saturday. the correct pronunciation. i have watched sunday night baseball. i have not tuned in and a while. how can impact revenue and the rollout of hbo now? >> that is a good question. numbers that came out last night when the numbers crossed or right before his it has been came in at 1000 downloads or so. those numbers exploded early this morning at around 8:00 a.m., and we're looking at 3 million downloads of leak episodes. if one person downloaded all four episodes basically $12

million for not going the coffers. turns out the worst-case scenario, each person has a unique visitor, $46 million. a huge potential deficit for hbo, especially as it is launching hbo now. a lot of people are saying if the episodes are out, why would i want to go and subscribe to this? >>mark: who does hbo now target >>? >> the cord cutters. i want to get to graphics i have prepped that illustrate this will. the first one is basic cable subscription you see there. they are going down. they are going down nearly 20%. from 66 million to 54 million people.

on the flipside, while people are looking to video stream online, they want faster internet speed. we will see the high beam data subscriptions have risen 115% in the past decade. talking about cord cutters looking into the future. turns out people are going to be going from 6.5 million people to 16 million people. i myself, and one of them. --and one of them. mark: what changed your mind >>? >> it is the difference in broadcasting and buying all these channels you'd really do not need and saying i want hbo and do not need to pay all of this money. hbo now is only about $15. mark: thank you. westirose.

scarlet fu will have another edition of " off the charts on the other side of fthe break. ♪

mark: half past four, will travel for work or play. much easier for some, say american than others like irans. scarlet fu joins me a look at which passports give you the most access to the rest of the world? >> by access we're talking about

visa-free access. henry global with the consultant firm that looks at citizen and resident training. they published an annual visa restriction index. what they did is highly of how many other countries you can travel to visa-free under your u.s. passport. the maximum is 219. if you look at who came out on top, you would expect the u.s. would be right there, and it is. that means the score of 174 means of all the countries in the index, the passport holders can travel visa-free to 80% of the countries in the index. number two is canada and denmark with a score of 173. they are able to travel visa-free two 173 countries. you see a bunch of asian country

start his -- start to show up at number three. japan and asia show up. belgium, france, and italy as well with a score of 172. last-place afghanistan. there are 28 countries. if you are in afghanistan passport holder you can travel without getting a visa. third to last is a tie between pakistan and somalia. what does these -- the list is a reflection of the different geopolitical relationships between countries. this shows the standing of your country in the international community. you saw how large and wealthy european and american countries were at the top. small troubled countries tend to be at the bottom of the list like afghanistan and iraq brazil. makes u.s. passport holders pay 106 dollars to get a tourist's

vi and show your itinerary. in a white gekko because the u.s. charges brazilian passports $160. mark: i would imagine this might be especially helpful for u.s. businessmen and women. they need to get in and make deals and need to get out and do not need red tape. >> and money is not often an object that need -- that have a lot of money at stake. i was checking with the chairman and partner at henley. he set the maximum number of partners you can have four americans is unlimited, as long as you have the resources. overall more than half of the world countries allow you to hold multiple citizenships. getting an additional passports is more and more important in the world of globalized trade and geopolitical tensions. mark: what is the alternative to get alternative citizenship and money were no issue?

>> if money were no issue and you wanted a second passport you should try to get an eu passport, english-speaking country, aside from the u.k. and ireland. repeatable and table. you just have to pay over $1 million. nonrefundable government contribution. you could work and live in the u.k.. mark: i am there. thank you for joining us. that is "bottom line" ♪

critics good afternoon, everybody. welcome to the final hour of trading. i'm air schatzker for alix steel today and this is street smart. may notice stocks drifted lower over the course of the day, paced by decline and industrial in tears. the dollar is up for a six-day against the euro. the euro is trading just shy of $1.06. "street smart" starts right now.