mark: welcome back to the second half-hour of "bottom line" on bloomberg television. i am mark crumpton in new york. let's get to top stories we are following on this friday, may 1. let's begin with the jump in the price of crude oil in the close of floor trading. crude is down about .8% trading at 5913. for the week, crude oil is up about 3.5% at 59.14. that is a look at the top stories at this hour. "avengers: age of ultron" took

in more than $27 million in thursday night showings, well above its predecessors nearly $19 million take in 2012. the movie could be the biggest film of the summer and make taken $221 million in its debut weekend. for more on what we can expect in the box office, the media analyst joins us from los angeles. welcome back to "bottom line." good to see you again. paul: it is great to be here. this weekend, "the avengers"," the kentucky derby, and the fight all rolled into one. quite the weekend for entertainment. mark: the 20 box office is roaring out of the gate. is that because blockbusters are starting what seems to be a month earlier than usual? paul: there is this momentum going on. you had "furious 7" posting the

biggest april opening ever. felt like summer. that film hit a record in 17 days worldwide. that is a perfect lead into the "avengers" which is the regional installment which posted the biggest opening weekend of all time with $7.4 million. if the follow-up earns over $200 million, you're going to have "avengers" in the top two spot of all-time opening weekends. the box office after just playing in international territory, not all of them, is pushing in on $300 million. today is the first official opening day in north america. it is already off to a rollicking start. mark: why is the summer box office so hard to predict? paul: it is all product-driven. if you have a slate of films

like last summer where we welled up down 15%, it comes down to the product. you cannot predict it. on paper if you look at the summer of 2015, it looks like we could hit close to $5 billion for the first time ever and have a record-breaking summer. the hits keep coming. you have so many big titles. "ted 2" is another one, because we need another talking teddy bear. there are so many big films on the way. it is what the summer movie season is about and represents 40% of the total your box office -- total year box office. that is why hollywood puts all of its eggs in one basket. it is expanding. the summer would be from january to december if it were up to the industry. we have to draw a line somewhere on the summer. mark: we are going back to the

future with three successful franchises. is this more for current moviegoers or a nod and a wink to their parents? paul: if you are going to be successful, you cannot just rely on nostalgia. they have to deliver. "terminator genesis," arnold schwarzenegger is back. i think that will make the movie of interest to international audiences, north america as well. "jurassic world" is a great brand. people are on that ride at the theme parks all the time so they are constantly reminded of the jurassic brand. it is very powerful. in 1993 the first movie became a phenomenon and to this day resonates with audiences. "mad max" 1979 on that one. george miller directed that an incredible film that was ground breaking at the time.

note gives looks like a teenager in the original -- note gibson -- mel gibson looks like a teenager in the original. the trailer is loaded with action. most of the effects are real, practical effects, not a lot of cgi. if you like a lot of action "mad max" is a great alternative. mark: why has the business model been so successful? paul: at the core, these movies are very cinematic. if you are going to plunk down all this money to go to the theater, when you see "avengers" on the big screen, the fifth installment of mission impossible, and go to the theater with your family it is an exciting time. it is not even about the reviews necessarily. it is about the communal experience in the theater. once these movies go to the small screen they have

additional life and revenue streams beyond the theatrical. mark: i have about 20 seconds left. you have told us which movies you think will come out of the gate. are there any movies you think will surprise a lot of people and do well when they are not expected to? call:paul: every summer, there are sleeper hits. i think "pitch perfect" will do well. the first one may just over $100 million worldwide. this is on track to drive big female audience who have been powering and a lot of the bigger hits over the last few years. i think that is one everyone should look out for and will be surprised by how will it does. mark: senior media analyst joining us. the summer box office season is in full swing. thanks for your time. next, we get a live update from

mexico city in the friday edition of the "latin america report." that and more when "bottom line" continues in a moment. ♪

mark: welcome back. it is time for today's "latin america report." let's go to jose luis leyva who joins us live. josé: good afternoon. let's start in brazil. a member of the president's coalition proposed a plan to end recession. his proposal calls for the defense of labor and suggest the increase of government purchases could boost employment and tax breaks to key industries. he is also asking public banks to offer more credit with lower interest rates. if approved, it would remain in place during recession and end when brazil resumes growth. mexico expectation is growing

for tomorrow's fight between manny pacquiao and floyd mayweather. the fight is not only important to mexicans but also crucial for two of the world's largest air brands -- dear brands -- beer brands. they competed for sponsorship. one will be the official sponsor. sales and restaurants and bars in the region will be round two for the brands. expectation is so high that in the philippines, an officer at the local electric company on one of the smaller islands has urged customers to turn off major appliances to help prevent outages during the fight. the officer at the electric company said they are setting down some in the province will reduce the demand for electricity enough to compensate for the expected power deficit when the fight is aired in the philippines on sunday.

these are the top stories making headlines in the region. back to you in new york. mark: jose luis leyva. after the break, a special report where we ask if it is on track to be bigger than lego when "bottom line" continues in a moment. ♪

mark: the design conference brings the top designers and business leaders together to discover how design makes the world better, smarter, and more lucrative. the founder and c.e.o. of littlebits was one of this year's presenters. she spoke with bloomberg about the impact littlebits could have on future generations and their relationship with hardware. >> i think it is unacceptable for us to say in the 21st century i don't understand

technology, i don't how electronics work. technology is a medium to be creative with and be inventive with, and not just something to be consumed. magnets have this feeling of magic and this sound that is very special. i love that click. littlebits is a library of electronics that snap together with magnets for invention and learning. it is a system of modular electronic bricks that allow you to invent anything without having any background in engineering no wiring, no programming. there is a color code.

little is power. pink is input. green is output. orange is wired. the rules are you always need a blue and green. pink and orange are optional in between. here we have a bunch of littlebits. we have a power bit and we are going to snap it to a light. we can then put a pressure sensor in between. now i have made a pressure-sensitive light. if i replace the light with a number, i can visualize how much pressure i am applying. we have seen all sorts of incredible things. from a simple line-following robot to a big lego machine replicating artwork from one place to the next using light sensitivity.

this is always a crowd favorite. it is called a key car. it has a keyboard and all these dials to modify and make your own guitar. there is a huge amount of power that comes from combining engineering and creativity together. when kids grow up using littlebits, when designers explore littlebits, when entrepreneurs are able to present their ideas with littlebits, they start to see their ideas are possible. hardware should be something that is empowering and fueling the next generation and next wave of innovation. not something we just accept and pirate from larger companies. mark: breaking news at this

hour. we are getting comments from new jersey governor chris christie. he has said on his twitter account the bridge jim related charges make clear that what i have said from day one are clear. i had no knowledge or involvement in the planning or execution of this act. he is calling for an outside investigation. his comments come after david well -- after one of his former allies pleaded guilty to conspiring to create traffic jams to punish a local mayor. the two people he implicated in court former chief of staff, and the governor's topple pointy at the port authority were charged in the indictment unsealed after his plea. while he did not implicate governor christie his lawyers say evidence exists the governor knew of the plot as it took place. something is putting the brakes on oil's rally. alix steel joins me with the details. that is what that noise is, a

screeching halt. alix: we have seen oil rally this week, into this month. but producers are now hedging. on this rally, they are seeking the opportunity to sell production forward at a higher price. that means they will not cut production because they are going to get paid for the oil they are producing. they have been waiting for this. the overall december 2016 contracts was up 8.7%. analysts are saying if this continues if you see $70 oil, producers will want to lock in prices. this is according to michael cohen at barclays. he says we could see pressure from that. bloomberg intelligence says we have a oil waiting in the ground to come up at the right price. at $65, that could mean next to 500,000 barrels a day. rally, more production.

that is the dynamic we can see in the market. mark: which companies are hedging? alix: bloomberg has found that whiting petroleum, the largest oil producer in north dakota hedged 31% of 2016 estimated output. that was from last week. overall this year, it has hedged 38%. that is up from 18%. linn energy is a similar story. they are about 80% covered now for this year. 80% hedged. they can withstand another decline in the oil price because they know what price they will be getting for their oil in the future. mark: why is oil filing today? alix: because of the general oversupply we have seen. iraq exported over 3 million barrels a day in april. there was confuse over whether iraq would be able to keep up

estimates. estimates were for 4 million. we are not seeing that. due to the violence and fighting, 3 million barrels a day is something. overall, we are seeing a general oversupply all over the world, even though we see the rig count in the u.s. down to 2010 loads. not seeing production, fast enough. bank of america came out with a note saying saudi arabia and seek to increase its output while we see a rocket, iran -- iraq, iran, and libya come back online. that could increase production. we are talking biotech and medical devices. michael mahoney, the boston scientific c.e.o. will be talking about the growth prospects what happened to operating margins and sales. it is an interesting window into the stocks that have led the nasdaq rally. mark: "street smart" coming up

at the top of the alley. stay with us. scarlet fu when we return. ♪

mark: get the latest headlines at the top of the hour on your tablet and on bloomberg.com. that is it for this edition of "bottom line." i'm mark crumpton from new york. thank you for joining us. "off the charts" with scarlet fu is next followed i "street smart" with alix steel. see you monday. scarlet: hockey is a thrill when

you are in nhl fan. i am thrilled to introduce new york rangers alum adam greg. i want to start with your experience. he kept close ties with the rangers since your retirement 12 years ago including serving as a coach for the youth hockey can't. i'm curious to get your thoughts on the chart. it is a survey of u.s. olympic athletes. it shows most men and women played multiple sports growing up. an average of three per year until the age of 14. participation fell off the older they got, but it shows a move away from specialization in early years. based on what you have observed our kids more likely to be successful any sport like hockey if they avoid playing year-round? adam: it is hard to argue either way. like everything in life everything is more specialized

with more information. as a kid growing up, i played soccer in the summer. track and field, baseball, and many other sports because i thought i needed balance. i would recommend to any parent to let your son and daughter play a team sport because it helps with the intangibles you need later in life. when you get good at something nowadays, you almost get pigeonholed where you have to play all 12 months dedicated to it. i am a big believer with my children for balance. it is choice of the family. scarlet: what you say to the appearance who are convinced more playing time is needed in the spring and they need to go to hockey camp in the summer? adam: that does take place. i tried to advise families to take a break. whether it is a month or six weeks, even if it is just plain one sport, one sport is better than no sports. a team sport like hockey i recommend playing whenever you

get the opportunity. so you are not burned out and excited to get to the rink, that there is balance, that you take a month or six weeks off during the summer to make sure you are resting your body and mind. scarlet: regrouping a little bit. we've got to talk about the playoffs. rangers fans need need some bucking up after last night. the organization has set up a rangerstown a complete immersive fan experience. tell us your favorite part. adam: for me, it is seeing the fans engage in some a fun things. whether you are a casual or avid fan, from taking pictures to the contests, there is always something. there is such an energy and vibe. we are taking it to her all square on monday. you will be able to watch the game at herald square. there's nothing better in new

york city than seeing the stars at night and watching a ranger game and hopefully a major -- ranger win. scarlet: we got to experience it last weekend. according to vegas oddsmakers -- there is my youngest son. the rangers are the second most favored team to win the stanley cup after anaheim. your 93-94 also won the presidential trophy in which the playoffs and prevailed. what advice do you have to ignore the noise? adam: that is the privilege of having home ice. there is pressure with anything you do. ♪

alix: welcome to the most important hour of the session. i'm alix steel and this is "street smart." stocks climb higher today. the s&p is still facing a weekly decline after the most popular trades came undone. first, electric cars, then solar power. now tesla is turning to big batteries. can the latest project change the way we use energy? later, boston scientific c.e.o. michael mahoney joins me to discuss the company's pipeline and high hopes for the latest "avengers" movie. it is expected to be one of the