nejra: coming up on bloomberg best, the stories that shaped the wee in business around the world. a terror attack devastates brussels. we examined the global impact on security and markets. cooperation among european countries must be strengthened. nejra: it has been a big week in tech. iphone goes smaller. bloomberg has it all. interviews,s best influential people speak on

topics of critical importance. out theould not rule possibility of using nuclear weapons against isis. >> i would never rule anything out. nejra: it is all ahead on bloomberg best. hello and welcome. , a weeklyoomberg best review of the most important business news, analysis, and interviews from bloomberg television around the world. in better spec, this week has been dominated by tuesday's tragic terror attack in brussels. on monday, attention was focused on silicon valley and some major product announcements from apple. >> apple unveiling a new iphone called the se. the latest model has a smaller screen and smaller price tag. what are you takeaways?

>> i was making an analogy to the golden state warrior. they found that small ball works good for them. same is finding the strategy, to go small. 30 million people bought an iphone five last year. they recognize they have dedicated users who want to use smaller phones, and pay less for it. they are being slightly more aggressive, maybe appropriately aggressive with pricing that should be more resonant with emerging markets. this is a great price point because it will be more attractive, but at the same time, not at the cost of their margins. europe wakes up to the threat of terrorism. once again, and belgium. you have to understand the scope of what we understand, and how big this network is. it,ou wonder how they will

.ow they will adjust london, paris, and now brussels. >> this seems to be a coordinated attack, and a response to the arrest on friday of the main suspect in the pairs attack last november. the belgian government has been under continual criticism since november, in terms of its anti-terror campaign. why did it take four months to apprehend him. here for thats time. .hey did get him on friday this seems to be a big setback today with multiple explosions. >> belgium is on the highest terror alert level after three bombings in brussels today. at least 31 people are dead and

81 injured. the city is at s a standstill. one of manyhere people were killed. we had one attack here at the subway station, which to put things into context here, we are right in the heart of the european union, the european commission. we are surrounded by buildings that belong to the european commission. if you think about it, this is the first large-scale terror place thet has taken second world war. at least one of the attacks taking place at the eu headquarters. the bank of greece has announced restructuring -- credit suisse has announced restructuring.

they said, we have to triage what we will tackle. ,redit is doing ok, but then the fourth quarter came, and credit fell off a cliff. now, they are saying, this is moving up the party list -- priority list. >> why was this not clear before? i said on record this was not clear to me, it was not clear to my cfo, and many people inside of the bank. there needs to be a cultural change. there have been consequences. >> people are trying to withhold information? >> it is a very interesting question. high -- asts are too

lot of problems in investment bank has been people try to generate revenue at all cost. book andhigh-yielding generating a lot of revenue. if exposed, there are cost problems. calling on eight to be the growth engine of the world, having called asia the growth engine of the world. i have a lot to say. you really really kept banging. >> the outlook coming from the chinese leaders tends to be a little more sunny than in previous month. they are seeing signs of stability. made thise point morning to the delegates. a chineses is conference, but it is intended to be china's version of the

world economic forum for asia. he caps on hammering the point that they are seeing stability. the quality of economic growth is improving. he emphasized that china has enough tools to ensure stable economic growth, and he is confident that china can maintain that pace of growth over the next five years. not devaluey will for exports. , they property market want to avoid fluctuations. he is aiming for study development. coming up on bloomberg best, a comprehensive look at the impact of the terror attack in brussels. ♪

nejra: welcome back to bloomberg best. the investigation into tuesday terror attack continues. visit bloomberg.com for the latest analysis. bloomberg gathered insight from around the world. let's look back at the coverage. >> when we first heard about a possible explosion, futures did not do much. our people now dealing with these things? is -- typically, the short-term economic impact tends to be quite visible. the economics of things point to the fact that economies and societies tend to survive these things. theets don't price

long-term impact of that. near-term, you do see flows and actions, such as the ones we are seeing at the moment. look back, whether we are talking san bernardino, paris, 9/11, the markets have taken a leg down. we have also seen a strong rebound. we are asking, is this time different? >> the market being impacted the most is what we call the brexit trade. have anbecause they election coming on june 23 whether or not to stay in the euro here you have political science that can take advantage of this. if this happened a year ago, there is no political opposition that could take it vantage of it. you haven't not only in the night dates, but, because of too.t, and the eu markets are usually -- or

have been at least in the last years -- resilient. >> that is the right thing to do, and also the more profitable thing to do. we should not be terrorized. the actions of sociopaths -- it is horrible, we have one member of my team in brussels -- he is fine, but it hits home. at the same time, the reality is it does not change the overall mood of the global economy. people should not overreact to this. >> reporters will be strengthened initially after this. schengen as ais pillar of the eu? do see under threat, and what does that mean for business europewide? >> we operate in many european

countries, and clearly, it is in our business interests for the border to remain open, and free trade to continue. very clearly, our objective has to be that, despite everything and concerns about security, borders remain open, and people continue to travel, and trade continues to flow. getoes an attack like this governments to point fingers, or act in a unified way? >> i hope for the latter. we have seen a real weakness of europe in the last weeks and in particular in regards to the euro crisis and the refugee crisis. there is one positive thing that one can hope comes out of brussels, and that is a more

unified approach in combating terrorism. think this has significant evocations for europe's policies in the middle east, which of course is why we are having so many of these problems, nor do i think it has a significant impact on a divisive presidential election. >> you don't think it does? >> i do not. we have already have these two major paris attacks. i think we have already had -- we've had a number of major attacks in turkey, the german assault, now, brussels. next week, i would be surprised if in the united states this is the kind of headline that people are still actively talking about. god for bid we have an attack like this in the u.s.. it would be very different and would have a political impact. certainly, a number of the included,, trump

would try to -- >> there are statements coming around the world, including president obama in havana. what do you think the president needs to do to defend our allies? >> i think we have to identify with what is happening with the europeans. it has happened here. bid, it bit -- god for could happen again. we have to rally around them. ,aw enforcement cooperation that is the best way. >> the pound falling today, posing its biggest decline in currencies. thatf that on speculations

brussels will host speculation for brexit. >> indeed. .e had the bombings in paris swing ine quite a favor of the vote. falloff to a sustained in the pound. some of the negatives are already in the price. unless we see a significant swing in the polls, they will not exceed previous lows we saw not long ago. people talking about schengen, and the pressure.

how do we see the euro trade, and how safe of a place is it to put the euro? what we saw yesterday was the euro not performing well at all. it can go on for a while, and then it comes to a head. one yearback to about , the market was confused at the time. if we go back to the start of the year, the market was very short. what we have had is a big .orrection and spend the market has recovered to more normal levels. >> it is not quite the safe

haven it was one year ago. >> i think it is safe to say that the euro is a safe haven. make it cameron make clear that we cannot conflate the issue of brussels and brexit. other people not taking that view. how does the story play and to what happens with the debate, as we work our way through the next three months. attacks like this, how did the impact the story? >> the impact it like the market showed yesterday. the pound fell sharply. the reason is people will draw that line, whether rightly or wrongly. something that occurs like yesterday in brussels challenges it. other parties will draw a thick

line between that. others will raise an eyebrow. >> what is the mood like in the belgium government just go there has been criticism of the handling of the, both of the government, and security forces. the spotlight has been on belgium. it has led to the question, how is this allowed to happen? >> we may perhaps be more than other countries. we are one of the most open countries in the world. as a matter of fact, we have been to be the most open economy in the world. that is an asset, but sometimes it becomes -- you are subject to problems. >> what needs to be done on the europe wide level two combat terrorism? >> if there is a lesson to be

learned, it is that cooperation between european countries have to be strengthened. european countries are fully aware of that. that was one of the topics addressed yesterday. what is the point? shouldnt is intelligence not only be gathered, it should be exchanged, and beyond exchanged, intelligence should by the finalsed destinations. that is not always the case. there is some work to be done. that awareness, i think, is there. ♪

nejra: you are watching bloomberg best. highlighting this week's top company news, new developments in ongoing stories. last week, a chinese insurance marriotte a bid to top

for starwood hotels. this week, marriott raised the stakes. todayrwood shares soaring . are we in the middle of a takeover battle here? >> very much so. it is a classic takeover battle. marriott has come back to match it. they have gone slightly over it. what is interesting here is the door has clearly the must open. i think it's very likely that we see them come back to the table on this one. >> is there a game changing price? what is the feeling here? how high can both companies go? >> we think that marriott would have put more on the table if they really wanted to put the

knockout bid out there. clearly, by bumping it just a small amount, it suggests that maybe the chinese come in, and there will be another bump by marriott. the chinese have shown themselves to be strategic buyers. be one this is going to that runs for a while, and we will see another bump. the first chinese company signs up to be a major fifa partner. what is behind this move? madest year, the president football and national priority. since then, we have seen some of the investors from china put money behind the sport. china's richest man has been

aggssively investing in atletico madrid. it is worth hundreds of millions of dollars. >> the question you have to ask is is it value for money? >> the sponsorship deal was very worthwhile. other companies could sign up to become top sponsors also. valeant's ceo is stepping down after a series of controversies. isknow that mike peterson out. we still do not have a new ceo, is that right? >> that is right. we don't have a new ceo yet. he will stay in, until they find one. we know the board has asked the former cfo, who is on the board to resign.

rising a of valeant second day after words that the ceo will be stepping down. seen side-by-side ckman to address hundreds of workers. ackman is doing a town hall style meeting with mike pearson, who is out as ceo and chairman of the company. they are saying, there will not be major layoffs, and they're looking for someone to replace him as soon as possible. >> what is happening to howard schiller? can he be made to leave the board? it starts to get really messy. former board member, cfo, is

accused of handling of some statements. bonus thatmillion in he is sitting on. it is probably easier to fight that from inside the board than outside. insharp shares tumbling tokyo. .early a month the bailout deal risk that the-- a deal could fall apart? >> there is. we are coming up on a month it was approved. it is a growing list of issues that foxconn is going through before it signs the defensive agreement. they are looking at some bones loans that has --

sharp has. they are also looking at the performance in the quarter. there are reports that they may try to decrease the amount of money they are putting into sharp in additional equities. ast was originally proposed a hundred ¥49. we may see that come down a bit. anwhen can we expect announcement? >> march 30 is an important date. they have credit lines and loans on march-- expiring 31. in investor starwood says they will nominate nine new members to the yahoo! board, effectively trying to replace the entire board. shareholders are going frustrated and impatient with the possibility of a turnaround

at yahoo!. >> they plan to take over, basically. >> yes, it is effectively a oup. they did this back in 2014. they proposed a new board of directors for darden restaurants , and succeeded, and since then, the shares have been up. that is not the way it will play out at yahoo!. what they want yahoo! to do is sell the core business, and then we will see what will happen. >> it is interesting to see who starwood would put on the board. runbody who used to directv. >> it is not as if these people don't have chops. the question for shareholders is

whether they like these directors that are, whether they think they can do a better job than the current board. >> still to come on bloomberg best, and anniversary assessment of twitter at 10. up next, the week's most important interviews, including the conversation on terrorism with donald trump. ♪