a friend and fellow philanthropist, the bloomberg lp founder and former new york city mayor, michael bloomberg. >> there are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates foundation's annual letter, gates predicts that by 2035 there will be almost no poor nations left in the world. coming up, we hear what these titans are doing to see that through. >> bill, i read through your letter and what i noticed in the tone was that you are very optimistic. you say look, we are better off than we were decades ago. where does this optimism come from? >> i think i am naturally optimistic but also i think the facts are on the side of the optimist. it is dangerous that people are focusing on the bad news and not seeing the progress we have made. it means they don't look at the best practices. it makes them less generous. we are raising poor countries up. most people live in middle-income countries now. there is more to be done on health and agriculture, but the track record success, if you don't see that you are not going to

[applause] you might love that she would rather tell michael bloomberg to have a coke and a smile and telling us how to live our lives. [applause] one thing that we all about sarah is that she drives liberals absolutely crazy. [applause] it is actually funny to watch. a come unglued. they do not know what to do. [laughter] is it because she took on the establishment and beat the incumbent mayor of her town? is it because she was the first female governor of the eight of alaska? the truth is it is not. she drives them crazy for the same reason we love her so much. she stands firmly in between our freedom and our opponents who want to drive this country into a place that we cannot even recognize. that is what sarah palin does. that is why we love her. please watch this video. >> she knows how to fire up the crowd. >> she tries to get people elected. >> she is fearless. >> she has proven that she is effective at endorsing candidate. >> she supported marco rubio. 19 haley. -- nikki haley. >> ur energy captures us. >> she dominates one more time. don't let the big-money men and the big bad

a friend and fellow philanthropist, the bloomberg lp founder and former new york city mayor, michael bloombergere are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates

a friend and fellow philanthropist, the bloomberg lp founder and former new york city mayor, michael bloomberghere are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates foundation's annual letter,

mayor of providence got the program off the ground with a $5 million grant from the charity from michael bloombergted with 75 families. >> there is still a lot more work to do, and i want to make sure all of our children have the opportunity to succeed. >> some people say this is about the government coming into your home and telling you what to do with your child. >> i would say it is the opposite. if you choose to be part of it, it gives a chance to help prepare your child for school. >> in providence, a tale of two cities. poverty of more than 30% of hispanic households, and the more affluent parts of town. privateol is a institution where three-year-olds can attend nursery. time, anendar environment rich with new vocabulary. >> we use big words in here all the time because we are constantly communicating with them about their day. >> for parents, the cost of sending her here is well worth it. >> we wanted to take money that we might've spent on other things and invested in their education. it is not just education, but it is the sense of socialization, and i think it ultimately gets these kids

in the debate of new york bill de blasio staff approved 36 of the 45 charter locations that michael bloomberg did out the door. the one that is really getting all the attention, the mickey mantle school in harlem, why did the new chancellor said no, don't do that one? because it would have evicted special needs kids. frankly you have to look at all the kids. we can't have winners and losers. all our kids have to be winners. >> can we take the best practices that many charter schools have, the 6500, how many are high performing? many are, some are, how do we get the best of the charter schools and the best of the public school system and meld them. >> that's what places like new haven and other places are doing. they don't compete with each other. we actually don't have funding such as if you get funding for charter, it takes the money out of a neighborhood public school. what we need to do is lift all those and have people work and play together well. so part of the reason why the collocations were so terrible in new york because it took space like music rooms, art rooms from the public. we n

the menu and then michael bloomberg comes in sixteenth place with a wealth is estimated that three billion by forbes to be jewish to king larry page shows the folly been fortunate to stay with the tt belly and face pics of them the tradition took the first place with twenty eight points on the and. there is some one thousand six hundred and four the saudi billionaires in the forbes list with a combined wealth of six point four trillion dollars. eye you're a teen books dollars due to sch has released a video about homosexual love was in shock waves in the islamic republic with the topic is to do and being convicted of homosexuality to carry the death penalty. now that a cop on every new old gentleman who wrote and directed the video for the next six weeks has been viewed on more than a median every news online or via illegal satellite channels since it's valentine's day was nice. it has cost the discussion to the great thing and it's a lot of them abiding that the e their lives have been changed to the commons of the bed the messages we proceed to the sensitivities of the video shows that s

michael bloomberg is cofounder of mayors against guns. is the internet dying as we know it? explain the detour is taking next on "bloomberg west haircut ♪ ." ♪ >> is the very fabric of the internet dying? there are enormous changes quietly underway messing with the basic structure of the information superhighway and those changes could allow companies like comcast and verizon decide among the winners and losers. we have a harvard love visiting professor joining me. also dave schaeffer. when we talk about how the internet works, i feel like it is very different than it was even 10 years ago when there was lots of companies. there are fewer ways to get online now. >> that is absolutely right. for most americans, their only choice for high-capacity, high-speed internet access is their local cable anomaly. -- monopoly. there are fewer choices and gives those players enormous power. they can control access for users and the networks that want to connect to comcast and time warner cable in order to reach you. >> we put together some graphics to help explain this. i want to pull the

whether michael bloomberg pushing his antigun, antisecond amendment agenda and george soar soros oneworldft wing, and warren buffet, higher taxes on the rest of us. and now, bridge buddies joining in richest man in the world, biggest oligarch of them all, if you will, bill gates, now pushing what he says is the best tax system for all of the ref of us. -- rest of us, oligarchs always know what is best for everyone, don't they? gates loves the idea of consumption tax. listen to gates at american enterprise institute. >> idea that consumption should be taxed, i think that makes a lot of sense, people have tried to do that by doing particular tax on luxury goods that is very not -- not very econom effectiv. but, consumption should be progressively taxed. lou: wonderful. oligarchs can be inspireing, condition they? is it interesting they are seldom big on direct government taxation of either their wealth or their income. they always' to affect the lives of others, to diminish the rights of others to achieve their allegeed objectives. whether constitutional right or take home pay they have no

like warren buffett, bill gates, george soros, michael bloomberg, mark zuckerberg. written. the kennedys. political magnates and our magnates aren't unlike russian magnates in important ways. they are wealthy, highly educated, powerfully economically and politically, they are oliga rsholigarchs. soros pushing his one-wing. even warren buffett, pushing higher taxes on the rest of us and now, as billionaire bridge buddy is joining in, the richest man in the world the biggest oligarch of them all, bill gates is now pushing what he says is the best tax system for all the rest of us. and oligarchs always know what is best for everyone? don't they? listen to gates at the american enterprise institute. >> the idea that consumption should be progressively taxed i think that makes a lot of sense, people have tried to do that by doing particular taxes on luxury goods and things like that, that's very -- not very effective, that's sort of picking favorite-type things. consumption should be progressively taxed. >> wonderful. wonderful. oligarchs can be surprising. they're seldom big on

. >>> and former new york city mayor and billionaire businessman, michael bloomberg, is opening up to katie couric, for the first time since he left office at the beginning of this year. bloomberg sat down for a wide-ranging interview with kate to couric's debut program on yahoo! news. and viewers got to ask some questions during the interactive sitdown. among the topics, bloomberg's controversial new york city soda ban. >> the drink thing was not banning and not taxing anybody. it was simply reminding you that it's enormous quantity, 32 ounces. why don't you take 2 16s. >> banning sodas bigger than 16 ounces. >> and you can watch the interview with katie couric on yahoo! news.com. >>> and the navy's blue angels are soaring once again. the blue and gold jets returned to the skies over california saturday, after being grounded much of the past year because of spending cuts. the team behind the iconic aerobattic performance is scheduled for 68 performances across the country. catch one of them. >>> and finally, that time of year when just about everybody feels just a little bit irish. d

here are bill gates, michael bloomberg, and oracle of omaha, warren buffett. >> when people say we should raise the minimum wage, i think, boy, i know some economists disagree, but i worry about what that does to job creation, potentially dampening demand in the part of the labor spectrum i'm most worried about. >> this impetus to raise minimum wage is one of the most misguided things we can do. you will hurt the poor. >> you can have a minimum wage of $15 and it didn't hurt anything else, i would love it, but clearly, that isn't the case. >> you have something to say? >> i was going to say gates, bloomberg, buffett, what do they know about starting a business? noclike president obama. geez. >> don't believe anything they say. >> come on. >> they should listen to him. >> go to harvard. >> this is a debate shaping up to be something president obama will push through this year. it was in the state of the union and he's been talking about it on the campaign trail. eric, how much does it undermine those campaign efforts to have these three gentlemen, at least these three, speaking out against

michael bloomberg skipped it as a candidate but marched as mayor.rom gay rights groups for marching when she was a snoshg senate candidate in 2000 and the following year as senator she skipped it citing a scheduling conflict. the current new york mayor is boycotting this year as walsh, the first irish american mayor of boston in 20 years. the boston parade also used to be a must-include on politicians political calendar but lately not so much. barely anyone remembers the origin of the st. patrick's day parades. while the supreme court has said that the allied war veterans council get to discriminate the power of the parade the statement of irish americans political clout is all but gone. the religious origins have washed in green beer. it is hard to see at this point why it wouldn't be simpler to just let everyone march. that wraps things up for "the reid report." i will see you back here tomorrow at 2:00 p.m. eastern. we will talk about tomorrow's medal of honor ceremony, long overdue for two dozen war vetera veterans, who were denied the honor due

i play with michael bloomberg. golf with mike. an avid golfer. >> that's a nice guilty pleasure. of all the places you coul evenr been, where is your favorite? >> i learned the most in haiti. --ti is a tough lace to go tough place to go. it's a 45 minute flight from miami. deforestation has destroyed everything. i have learned more from illiterate peasants in haiti than anyone else i can recall. >> we had the identical conversation with the supermodel each are dad and the sports illustrated swimsuit edition. she moved there after visiting haiti and said that almost the identical thing. a 45 minute flight from amy. you're in good company. >> i have a lot in common with supermodels. [laughter] >> thank you so much for joining us. what a treat. back, havingme second thoughts? perhaps hedge funds went big on fannie mae and freddie mac. we will be back. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> you're watching market makers on bloomberg television. i'm erik sc

[applause] you might love that she would rather tell michael bloomberg to have a coke and a smile andus how to live our lives. [applause] one thing that we all love about sarah is that she drives liberals absolutely crazy. [applause] it is actually funny to watch. they come unglued. they do not know what to do. [laughter] is it because she took on the establishment and beat the incumbent mayor of her town? is it because she was the first female governor of the state of alaska? the truth is it is not. she drives them crazy for the same reason we love her so much. she stands firmly in between our freedom and our opponents who want to drive this country into a place that we cannot even recognize. that is what sarah palin does. that is why we love her. please watch this video. >> she knows how to fire up the crowd. >> she tries to get people elected. >> she is fearless. >> she has proven that she is effective at endorsing candidate. >> she supported marco rubio. nikki haley. >> her energy captures us. >> she dominates one more time. >> don't let the big-money men and the big, bad media sc

reporter: the move is a sharp turnaway from the pro-charter policies under de blasio's predecessor, michael bloombergporter: eva moscowitz runs the reversal. they are some of the top performing schools in the state. >> we're on the top 1% in the state of new york in math and we're in the top 7% in reading and writing. and that is all schools. and our students in harlem and the south bronx and bed-stuy are significantly less socioeconomically advantaged. >> reporter: what happens to this school to these students if you can't convince the mayor to reverse his decision? >> i don't know. >> reporter: more than 600 students could be impacted. over 2.5 million students nationwide attend charter schools. in 2013 those schools added 288,000 new students. the largest increase in 14 years. new york city schools chancellor, carmen farina insists her boss mayor de blasio, still sees a place for them in his city. >> charter schools of value that work with us in terms of how do we make sure that all kids are served well i'm in charge of 1.2 million kids as is bill and i think we take that responsibility very serio

love that she would rather tell michael bloomberg to have a coke and a smile and stop telling us to -w to live our lives. [applause] one thing that we all love about sarah is that she drives liberals absolutely crazy. [applause] it is funny to watch. they come unglued. they don't know what to do. is it because she took on the establishment and beat the incumbent mayor of wasilla? is it because she became the first female governor of the state of alaska? the truth is, it is not. the reason she drives them crazy is the reason we love her so much. it is because the cheese stands firmly in between our freedom and our opponents who want to drive this country into a place that we can even recognize. that is what sarah palin does. that is why we love her. please watch this video. to fire up thew conservative people. >> she is a superstar. >> she is fearless. she is principal. sarah palin jumped in early and supported rand paul. she supported marco rubio. nikki haley. jeff fisher. she is probably going -- he is probably going to win this thing thanks to sarah palin. she dominated one more tim

that includes michael bloomberg and nine other initial funders. $350 million over the next five yearse. the policy goal is to spotlight and scale local programs that work like the becoming a man initiative in chicago for local support and funding from government and civic leaders around the country, that kind of leadership. now it may be a sign of racial progress that the president's effort here on thursday drew a lot of praise and, to be fair, very few direct attacks from congressional republicans. some critics, however, say it is still problematic that this emphasis on civil rights had to wait until the second term and some say that yet again the political rules for these kind of programs seem to always require a certain kind of rhetoric when announcing any remedial measures. >> part of my message, part of our message in this initiative is no excuses. it may be hard, but you will have to reject the cynicism that says the circumstances of your birth or society's lingering injustices necessarily define you and your future. it will take courage, but you will have to tune out the naysay

bloomberg surveillance." i am scarlet fu, here with tom keene and adam johnson. i'll guest host is michael wolf. rom the files of "bloomberg west." panasonic plans to boost sales by reducing the number of its business units. plasma display factory in japan. these moves are part of a larger strategy to boost sales by 34% over the next 5 years. sprint will be offering world of mobile carriers low cost access to its airwaves as it gears up for a possible takeover of t-mobile. sprint's owner has been preparing for the t-mobile but by the missing to improve wireless access. sprint will be announcing specifics at a trade show later on today at twitter is taking another crack at music. the microblogger will be rolling out a new strategy this week i'm according to "the wall street journal." it comes less than a week after it pulled its music app from the itunes store. that is today's m&a news from the files of "bloomberg west." -- company news from the files of "bloomberg west." formerael wolf with us, yahoo! board member. let's start with twitter. they need content. they don't have content. >> they are

. >> de blasio is blocking charters schools after they were already approved by former mayor michael bloomberg head of the charter schools is cancelling classes on tuesday and bussing parents and students to albany for a protest. de blasio says he is reversing bloomberg's poor decisions. >>> "the new york times." scientists found a rare gene mutation that protects people from getting type two diabetes despite their age and their weight. the gene reduces the risk of getting diabetes by two-thirds. drug companies hope to use the mutation to develop new medications but it could take about ten to 20 years to get that drug off the market. >> the "chicago tribune." jimmy fallen take is an icy dip in lake michigan yesterday and did it in a full suit and tie. thousands of people jumped into the cold water for chicago's annual polar plunge to raise money for the special olympics. jimmy doing it with chicago mayor rahm emanuel who agreed to appear on "the tonight show" with jimmy's partial yesterday in the polar plunge. the temperature in the water was 32 degrees. >> is that what we have to do if we wan

michael moore of bloomberg businessweek has covered this issue extensively.wall street to rejoice? this is primarily stock? >> there are two ways to look at comp. what you were awarded and what you actually got in the bank. with deferrals going up, those numbers have diverged. are getting inu your bank account. this is cash on the day. this is deferred comp from previous years. you are now just getting. has been bank stocks have been on a tear lately. >> all of that compensation they got in stocks is now investing is worth more. what does this tell you about the market? is wall street having to pay out more in order to keep cap people? >> a couple of facts. -- effects. people are getting more money and the competition is picking up. it is taking more to pull somebody out of their current spot because that deferred comp is building up in value. it is worth double what it was when you got it. to poach youoing out of that seat, they have to pay up. >> you are not going to leave $3 million on the table. ?> what is the average deferral >> most companies, three yea

cooperation, then they can lay o hands on them. >> let's invite them on "bloomberg west." >> i'm not sure that will work. it's a nice try. michaeliley, fantastic piece m,ark, please read the piece in "bloomberg businessweek." still ahead, how safe is your data and what are companies really doing to protect it now you can also watch us on bloomberg television, streaming on your phone, your tablet, and bloomberg.com. ♪ >> welcome back. turning back to the inside story of what went wrong with target and how companies deal with credit cards and your information -- >> it is not just the bar -- back-and-forth of target but how it may serve as an object lesson for how not to screw up for others. >> we got the perfect person to discuss this, the ceo of a credit card company. how do you deal with it? >> security on the internet is a difficult thing. to focus on it everyday. we have an entire team dedicated and committed to it. it's all about trust and credibility. the story that you guys produced is a powerful about human mistakes. what i like about what targeted afterwards is the ceo came clean and said this is a bad situation. >> event

pratt -- >> let's bring in michael moore from bloomberg news, the expert on this.e it easy, or are the banks just in a really great shape? >> the banks seem to be getting in better shape. a few were closer to the minimum than some had anticipated, but on the whole, almost everyone was above the minimum. only onece was the that has not, and they already came out before this and said they had some estimates that were changed because of poker, and they are going to resubmit. everyone knew that that was going to happen. >> the problem is you wonder if we have gotten ourselves in this catch-22 situation where we are putting more and more regulations on to the banking sector while simultaneously pumping all this liquidity or supposedly quiddity into the it liquiditypose -- supposed liquidity into the system. you wonder if we are shooting ourselves by requiring stricter capital reserve requirements and standards when we are trying to get the economy going again. what is the balance? where is the market in all of this? should there not be some natural investor reticence if

. >> we are talking with michael moore, finance reporter here at bloomberg news. we want to bring in another individual. what is your take on the news that we got from the financials here? not toonk it is surprising. we expect there would be these mix of results. there would be some objections on qualitative grounds by the fed. maybe a few surprises in a list. i don't want to talk about specific firms. but we were pretty sure we would see some of the firms that were new word to the process, qualitative objections. >> i'm joined by the managing director of consumer and specialty finance. you weigh in. we have been having this conversation. did it play out as you expected? >> more or less prayed looking at the qualitative results, those are difficult to see. generally people thought that some of the 12 banks going through the testing for the first time, some might fail for qualitative reasons. difficult to say. the thinking was that would be a few. >> did you expect citigroup? >> that was a surprise. one, some of the language talks about a high level of scrutiny pla

they will all get installed. >> michael small, ceo of gogo. ♪ >> welcome back to "bloomberg west."ly chang. venture capitalists are touring millions into publishing and media these days. jeff bezos recently bought the "washington post." mark andreessen says were on the verge of a boom in journalism. how many are going to cash in on content? our next guest made the move from journalism to venture capital. also still with us, chegg ceo dan rosensweig. you have a very well known blog. you were in tech journalism for 20 years? i will try not to date you. [laughter] how has the transition been from journalism? >> it has been 15 days. i don't think there is much of a difference except i don't have a publishing deadline, which is kind of cool. i get to not worry about writing a story in the middle of the night and worrying about what is going on in the planet. that is the big change. otherwise a lot of things are the same. i meet a lot of people, and talking to a lot of startups and small people. my day still starts at 5:00. >> you are not the first guy to do this. mark morris did this at

and michael mckee visit florida spring training. good morning everyone. this is "bloomberg." we are live from our headquarters in new york. joining me is scarlet fu and our special guest, brandon greeley with businessweek. and jeffrey hayzlett is joining us from the hayes led group. -- hayzlett group. let's get to our morning brief. manufacturing data for march came out overnight. they showed weakness for the fifth straight month. there was growth in manufacturing services. france improved and terminate also showed manufacturing activities close to the highest in three years. as for economic data in the u.s., not a lot going on. we're getting a market pmi. this is a read on u.s. manufacturing. no company earnings of note today. the president arrived in amsterdam this morning to head to the hague for a meeting with world leaders, minus russia. >> this is front and center in the news. crimea and the naval base is the top headline. let's get to monday company news. >> where starting with apple and comcast. they are talks over streaming services. you can get for brimming specia

. >> i talked to michael heyward about the deal next. ♪ >> this is "bloomberg west."ow chairman and ceo of the dc-based investment firm, revolution, and i started by asking him about valuations, gettings like what's at bob by facebook for $19 billion. no significant revenue. twitter with a $30 billion market cap, having never turned a profit. take a listen. >> the valuations are healthy. there is no question about it. andanies drawn like crazy people are trying to figure out what they will look like five years down the road. andtimes they guess right sometimes they guess wrong. you cannot argue the valuations are not pretty rich and pretty. you a is. i know there is concern about a bubble, i do not think it is broad-based. there are a number of companies that are healthily valued and some may be overvalued. a lot of companies are fairly valued and many are undervalued. you cannot take it with a broad brush. you have to look at the specific situation. tell mehad an analyst he does not know what he will use on his phone in five years. if that is the case, why is whatsap

this datae on how breach happened, we spoke with michael riley, one of the authors of the story in this week's issue of bloomberg businessweek. the headline of the story, target blew it. we asked him just how badly. >> this is a story about how targeted all the right things to prepare for exactly this kind of event. we spent a lot of money and bought some very sophisticated tools. fire i, which is the tool that catches the malware. it is used by the cia and pentagon. a superior a sock -- a security operations center. alert and allthe that technology and money spent itually found the malware as was coming in, the malware that would have been used to take the data out, the alert was recognized in bangalore. he went to minneapolis and nothing happened. there is a human failure at the core of this. it is a little unclear why the react. not there's an issue of how the security teams deal with all of these alerts in a timely manner. what we do know is that their tools worked and they spotted the malware in time and they did not do anything to stop it. >> we do have a response from target. i want to read the full state

michael lewis is going to make an appearance here on bloomberg. he will be on "market makers" on wednesday and then on "surveillance" on thursday why here on bloomberg television. from wall street to washington, gm's new ceo is set to testify before congress. did the company reject a plan to install new ignition switches lester mark and eight -- an interview with the star super -- star basketball player. at the box office this weekend "noah" grabbing the number one spot. the biblical asked -- debacle at the starring russell crowe rang up $44 million. >> man corrupts this world. >> a great flood is coming. ♪ >> general motors recalling 2.9 9 million cars because of faulty ignition switches. newly released documents show the company decided not to fix the problem all the way back to 2005. the reason was supposedly it was too expensive. our resident card guru matt miller weighed in on what this means for g.m.'s bottom line. >> g.m. kicked it off with the corvair and their battle with ralph nader. that started mitzvah. then they have a problem with si

our two reporters are michael and chris"the hill" strohm with a bloomberg news.t has been an interesting week to have you here. edward snowden be a keynote speaker at the sxsw conference by video. we also had some very serious accusations i a supporter of the cia, diane feinstein, on the senate floor that on many -- making many people who cover national security and privacy wonder what is next in this national debate we're having. let's start by asking your reaction to the accusations against the cia and their spying on the senate. >> they are very serious. has been anstein great champion of the cia and intelligence community. this is a senator who does her homework. she is very awful and lawful and -- substantive. what is interesting about it, one of the allegations is that the cia was auditing the senate computers, the database, and although there have been and i denials, that is not seen to be a denial that the cia did do some investigation of those computers without the senate authorization. serious problem. thate cia was concerned the senate had access to do

these are the bloomberg top headlines. author michael says high-frequency investors have made tens of billions of dollars taking advantage of legal loopholes involving the u.s. stock market. the author has a new book out. "60old the cbs show minutes" that his research revealed stunning conclusions about traders. >> the stock market is rigged. ,he united states stock market the most iconic market in global capitalism is rigged. by a combination of the stock exchanges, the big wall street banks and high-frequency traders. >> the intergovernmental panel on climate change has issued a warning. the group said climate change is no longer a hypothetical part of our future. it says the impact has already occurred. killerel pointed to the heat waves and the drought in australia as examples. china's president is in brussels for talks with several european officials. belgium is looking to increase its trade with china. the european bloc is china's largest trading partner. the party of turkish prime topster erdogan came out on in local elections eve