yang yang has details of that meeting. >> president obama calls an ofrgency sideline meeting the g7, ousting russia from the ranks of the exclusive group of eight. the crimean situation overshadowed the situation. at the conclusion of the summit, obama took to the world toge and said putin needs understand there is a choice to be made here. >> it is now up to russia to act responsibly and show itself once again willing to abide by international rules and international norms. if it chooses to do so, i think there could be a better outcome. if it fails to do so, there will be additional costs, and those will have disruptive effect to the global economy, but they will have the greatest impact on russia. costs willditional come in the form of more sanctions. it will be limited to officials circle and alone russian bank. a wider response could cover the russian energy and finance industries and even weapons procurement. the president says what they are doing now is examining the impact of those proposed thetions, because with interconnectedness of the european economy, sanctions against russia will undoubtedly have ripple effects. the president says they all recognize they have to stand up for core principles here and know that some countries will have to take one for the team. that team is one member smaller now. they will meet in brussels in june, not in sochi as previously planned. >> yang yang. thank you. let's look at vladimir putin's response to his country's exclusion from the g-8. withchilcote joins me those details. good evening. >> if he was disappointed about being kicked out of the g-8, he certainly was not showing it. he presided over an award ceremony for actors and artists. yesterday he presided over an awards ceremony for those involved with the olympics in sochi. it would have been good if he were able to host those world leaders in sochi. but if they do not want to come, he said, he can't force them, so oh, well. does russia gives to a body like the g7? >> for russia the g-8 has been an exclusive club, it's an opportunity for president putin to show that russia is important. but for a long while, i think russia has felt, not unlike the g7t that the g8 is more like plus one and russia is the odd they havet the g-20, more traction, because they have more of those allies, those bric allies like china and brazil. while they may not agree with what resident pu

yang yang joins us from our washington newsroom with the preview. >> congress will be off next week but it is still shipping up to be a pretty big week in the nation's capital. we have janet yellen's first news conference as fed chair. that will come on wednesday after the federal open market committee concludes its two-day meetings here in washington. cherry yellen has pledged to continue the fed taper as long as the economy continues to strengthen. economists surveyed by bloomberg say that science .2 reducing monthly bond buying by another $10 billion and holding of rates near zero. we will have more fed and on thursday with the release of the result of stress tests to assess whether the nation's largest banks can weather and other financial crisis. such prospects will be far from investors minds as they hear from meg whitman, ceo of a stronger hewlett-packard and the y's monthly earnings. all stocks are expected to report to stronger earnings are share and then in the year of go quarter. as those companies turn in their scorecards, the west will release and received a few grades of its own with existing home sales leading indicators and account balance data. all out next week. on friday, fixed ratings will announce its review of the u.s. sovereign credit rating, now a aaa. , two ofegative outlook the three biggest ratings firms will give the u.s. a grade lower than aaa. >> yanging us from washington. thank you so much. they with us. we will have another check on the market movers on the other side of the break. bottom line returns in just a moment. ♪ >> we have breaking news. we are receiving word that the united nations security council will vote on the ukraine resolution on saturday. the un security council scheduled to vote on the ukraine resolution on saturday. that yuan action coming put a four hours before that referendum taking place in crimea. there will be deciding whether or not they want to secede from ukraine and become a part of russia. and a lot of fluid development continuing in that situation in ukraine. we also have some more headlines today. -- a conference committee in the state of new jersey has decided that the cars should not be sold there. we are receiving word that tesla says stores will transition to new yorkleries in city. after april 1, tesla can order vehicles on the website. they will not discuss the price or complete the sale in

i am pimm fox prayed the theme we want to go to yang yang. urging shareholders proposal.ainst a buffett says become the -- company does not pay a dividend. playstation top unit sales in february. it sold 90% of what the playstation 4 sold. the xbox one generated more revenue because it is more expensive. spending on videogame hardware has increased 42% from a year ago. there is a change coming to the sec 500. changing the same to green mountain coffee. >> larry flynt has been involved with pornography with "hustler" magazine. he is also involved in capital punishment. new hampshire has become the 19th state to repeal the death penalty. the founder is still the center of this debate. he wants to be heard on the issue. he remains paralyzed after being shot by joseph paul franklin back in march of 1970 eight. despite this, he is always objected to the death penalty being part of the judicial policy. he spoke about the issue with market makers. >> tempers were flaring. many people felt the only way they could react was to take somebody's life or

i am pimm fox prayed the theme we want to go to yang yang.shareholders proposal.ainst a buffett says become the -- company does not pay a dividend.

yang yang has the details. >> one of the largest penalties ever proposed on automaker.he investigation led examined whether toyota intentionally misled regulators by making false or incomplete disclosures about sudden and unintended acceleration in its cars. the incident led to the recall of more than 10 million cars and hearings on capitol hill, the finger-pointing ends today, landing on toyota. >> eric holder said in a press conference that toyota was more concerned about its public image than its customers. >> rather than promptly disclosing and correcting safety issues about which they were aware. toyota made misleading public statements to consumers and gave in accurate fax to members of congress. they concealed from federal regulators the extent of problems some consumers sticking gas pedals or unsecured incompatible formats that caused the deceleration episodes. when they get behind the wheel, they have the right to expect their vehicle is safe. if part of the automobile turns out to have safety issues, the car company has a duty upfront to tell customers about t

yang yang has exclusive reports on the minimum wage. julianna goldman is up the white house where president obama and ukraine's new prime minister will hold talks. we will get to giuliana in just a moment. breaking news on herbalife. the embattled company says it received what is called a civil investigative demand from the federal trade commission. bloomberg's senior market correspondent joins me now with more details. >> good afternoon. a victory for the hedge fund manager. he has been pushing for regulators to investigate the company. herbalife confirms that the at opened an investigation into the company. they welcomed the inquiry given the tremendous amount of misinformation in the market place. they say they will fully cooperate with the ftc. on the company has been unrelenting. even as he switched most of his bets from the short sale on the stock to more of and options related that. a long run atins a high-profile. just yesterday, he presented what he said was evidence of the companies illegal activities in china where he says it

yang yang is on capitol hill where elon musk testified about the state -- the space race.et another delay in obamacare rules. we begin with peter cook and .reaking news good. >> good afternoon. a snapshot of the u.s. economy. conditions rummy come -- the economy,uggesting the continues to move forth. the growth could have been better if it had not been for all the bad weather around the united states. compiled by the stats, the federal reserve bank of atlanta indicate economic conditions continue to expand. eight districts reported improved levels. only district to report the activity actually slowed. the weather is a significant factor. it hit consumers as well. retail sales weekend since the report for most districts. severe weather activity. moderateis reported sales growth since the beginning of the year. the weather was also cited. cleveland saw strong gains. the bad weather did help ski resorts. no surprise there. occupancy,owl, hotel tourism was up in many districts. manufacturing sales took a hit and were negatively impacted by weather. -- levels improved districts

it yang yang joins us now with more on the story. a real plot twist year. >> that is right.ddition to the handling of the ignition switch failure, they are also looking into whether the company committed fraud by not disclosing the defects. it can lead to a cascade of liability claims. that is according to the new york times. we are you know that general motors first learned of the problem in 2001. whether gmn is knowingly fail to tell the government. this is important because of the bank and see restructuring. it protects them from liability. it has not stopped the lawsuits from rolling in. at this point they say no pertinent information was withheld from the court during the gm chapter. this is still in its early stages. >> what is happening with the congressional investigation? fax at is gearing up. congress has a few hearings. the first of which comes on april 1 when mary will testify before the house energy and commerce committee. will be watching to see what she has to say. she only learned about an analysis of weeks before she became ceo and was informed of the decisi

yang yang has all the details are moshing, d.c.ill be at the top of the agenda as lawmakers return from their weeklong recess. some of the highlights include a senate vote on monday to have a in -- and eight package. they will see whether increasing the export might help break up russian energy stronghold over ukraine. it will testify before another house committee. they'll use ukraine to push for more funding and the imf. president of the kennedy can't is weeklong trip to europe and the middle east with a g7 meeting. called in response to the ukraine crisis. quite a few other big-name items to look forward to. not limited to these either. popularr of the smartphone him plans to raise as much as $533 million in the offering, valuing the company at 7.6 billion. wednesday will be its first day of trading. it will list on the new york stock exchange under the symbol king> thursdayet the results on whether it will prove stock buybacks and higher dividends. microsoft has some big lands here the company will make debut on sunday. the fir

yang yang sent this. >> 2 multinational corporations will face tough question on capital how -- cap the this week. the first is caterpillar. it will be under scrutiny. that afternoon, general motors will be the topic of a house energy. whyommerce it took of the company who more than a decade to recall more than one million automobiles linked to at least 12 deaths. internationalday, monetary fund managing director e will deliverrd her speech on the state of the global economy. reporthead of the imf's earlier in the week. developers could be in for a new release. microsoft's annual meeting, it will unveil its latest iphone. it all culminates with the march's job reports. ,000 jobs were added. and the unemployment rate will drop to 6.6% matching what it was in january and the lower the rate would've seen since october 2008. while all of the week'-- we will have all of the week's news for you. but change in crimea. crimea moves even closer to russia. ♪ >> the u.s. secretary of state and his russian counterpart held talks seeking a solution to the crisis and ukraine. sergey lavrov is stayed

yang yang fouled this report from washington. >> two major multinational corporations will raise toughons from lawmakers this week. first to walk the plank is caterpillar. they will be under senate scrutiny tuesday morning. general motors will be the topic of a house, energy and house hearing. mary barat will testify at why it took them more than a decade to recall 1.6 million vehicles with all the ignition switches and links to at least 12 deaths. wednesday international monetary christineing drifter lagarde will deliver a speech on the state of the global economy following the relief of the analytical chapter of the imf global financial stability report earlier in the week. developers could be in for a new release of their own. , microsoft is expected to unveil its windows theirit .1 update and answer to siri. they expect 197,000 jobs were added this month and the u.s. unemployment rate dropping back down to 6.6%. the lowest rate we have seen since october 2008. we will have all the weeks news for you right here on bloomberg television. back to you. other stories making headlines. he

there is a yang yang. it is a difficult transformation. >> did you find that your own company?ving inhen i was my -- thriving in my career, that is one i have had the best experience, with the balance between your skills and those around you. >> what did you learn from steve jobs? >> innovation. you are recognizing here is something that is emerging, and there is a way to create new markets, new products, and served new needs that are not very well understood because you cannot do market research and prove it because nobody has heard of the technology at. gift to recognize the computer technology could be made accessible to everyday people, and have it be something that they use every day. >> what was the nugget from him that you then applied? you left apple and started electronic arts. >> i had always wanted to apply computer technology to games, waswhat i got from steve the details of how to be innovative and build an innovative organization. >> nowadays, with the generation of new leaders and we were talking about zuckerberg earlier, but you have marissa nadella, michael del

yang yang joins us with more on this. over thewe find out weekend?is affect damninghere tomorrow? new evidence from house energy and commerce report yesterday that points to an internal memo from 2005 that states none of the solutions when the faulty ignition switches presented presented an acceptable business case. basically, too expensive to fix the flaw. that is why it took the company so long. a some prepared remarks, we were on the obtain remarks she will apologize. saying sitting here i cannot tell you why it took so long to be announced in the program but i can tell you we will find out when we have answers. we will be fully transparent with regulators and customers. not all the answers that we are hoping for but it does appear the gm ceo will at least switch from the confrontational approach from here -- hearings we have been accustomed to with taking in the past and on a more apologetic tone. >> a lot of politics or what role the government has on the given that they were so involved in the bankruptcy. first, we know that the acting director

yang yang in washington, thanks very much for that. of the biggestne comedies in the world, valued pharmaceutical, selling over 1500 products, including contact lenses, and teenagers favorites, skin care. it generated nearly $6 million in revenue last year. its main source of growth it isn't new drugs. it has been growing revenue by buying smaller companies. whont to bring in the ceo, joins us from toronto. when i think about your r&d, two percent compared to 15% of others, you have a very different strategy. it is all about acquisitions. why? >> well, when we have looked at the return on research and for theent in total, last decade or so it has not been positive for the industry. we think a much better use of our capital is to buy products that are approved by companies that have approved rocks and grow that way. -- approved products and grow that way. >> what are you going to buy this year? >> i can't tell you. >> what is interesting to you, which areas? >> we look to compete in growth markets. companiesking at growing disproportion

yang yang joins us now with the highlights. a south african playing the u.s.gainst russia. >> we sure do. when you think about it, you cannot really blame him one a 70 billion dollar military satellite launch program is that a currently. that program is dominated by its competitor, united launch alliance. today before lawmakers, musk said that his competitors's atlas five rocket is made with engines made in russia, and he says that now with everything going on, if not the time to let them hold onto the exclusive contracts. >> we have severed military ties with russia. we are contemplating sanctions. it doesn't make sense to reward russia right now with a huge multi-hundred million dollar for rocket engines. that would be inconsistent with policy and not the right thing to do. it is crazy to me. hey, we are spacex. we are made in america. that comment came at a subcommittee hearing on defense. job --s not the only jab. russia aside, musk said that he was concerned about potential sanctions that my going to place. >> you don't want to run out of rocket engines.

yang yang is in washington this morning. how much does this cost, to get one of these visas?0,000. ,ut for china's nouveau riche it is a small price to pay for the coveted american education for their children, and a better life. ,, thes known as the eb5 am really category for skilled workers, specific to immigrant investors or entrepreneurs. to investnational has of $500,000, and it has to be linked to the direct creation of 10 full-time jobs, or the visa holders risk the rotation. chinese accounted for 80% of the total eb5s issued. critics say these is should not be for sale. an attorney says the naysayers are missing the bigger picture. >> if you are in a position to be able to invest $500,000, most of those people aren't that money. they did not inherit it. i have already shown the entrepreneurship that is want.ing you i do not think it should negate the right for people to get this investment visa. >> one analyst credits nearly $5 billion in direct investment. >> which branch of the government operates this visa program? of more interest to me, who audits it? >> b progra

john yang, nbc news, evanston, illinois. john yang, nbc news, evanston, illinois. >>> when we come back here, ♪ see what's new at projectluna.com >>> scores of neighbors joined a frantic rescue effort after an avalanche suddenly swept down a mountainside in montana and slammed into homes, burying three people. our report from nbc's ron allen. >> reporter: without warning, an avalanche roared down jumbo mountain into what is called rattle snake valley, tearing up at least two homes in montana. dozens of residents grabbed shovels and dug for signs of life. >> i was sitting watching tv and felt the noise, and looked and saw the house gone. >> reporter: an hour later, an 8-year-old boy was pulled from the deep snow. he was playing outside. he is in fair condition, expected to recover. an hour after the boy was saved, this retired professor was pulled from the debris able to survive in a small air pocket near a fallen chimney. and as night fell, more than three hours after the ordeal began, his wife, an artist, was found alive. her conditi

debra wong yang and randy mastro. miss yang has described christie as a very dear form and as a former bush appointed u.s. attorney just like chris christie. randy mastro was a deputy to former new york city governor rudy giuliani. he's now at least the eighth giuliani staffer to join team christie over the years. while gibson, dunn may be highlighting the documents and people they did have access to, the four most important people to getting to the bottom of the scandal were left out. mark sokolich, the mayor of ft. lee. former christie campaign manager bill stepien. christie appointee at the port authority, david wildstein, and bridget kelly, the former aide who ordered the traffic problems in ft. lee. all refuse to talk to gibson, dunn. here's what we currently know. the firm that chris christie hired to investigate his own administration cleared his administration of any wrongdoing. here's what we currently don't know. why traffic problems in ft. lee were ordered in the first place. joining me now, paul butler, professor of

so her husband, pierre door yang, was the son of pierre door yang sr., and he he had had beee interpreter for lewis and clark five or six years earlier. pierre door yang was married to a native american woman from the iowa tribe, and pierre insisted that his wife come along even though she wasn't too enthusiastic about the idea. she had two small toddlers, two boys. and she also learned enroute that she was pregnant. she ended up -- her story is like sacajawea several times over. she has the most incredible survival story you can imagine. a friend in missoula where i'm from who's an historian and archaeologist, sally thompson, has studied a lot about lewis and clark and pointed out to me as i was researching this story that sacajawea and marie dorian probably met, almost certainly met. and that got me doing the research, and they a certainly did, they were in the same camp. this was when sacajawea was going back upriver to her, i think up to the mandan villages, and marie dorian was going with momentum's party up the river for the first time. so sally said, well, i've always wondered what sacajawea said to marie dorian and wouldn't that be an interest

yang example -- dinging yang example. spent there was an interesting work called privacy on the books and on the ground, and they studied a few european data protection authorities and companies in europe and then american companies, and what they found was with a couple of exceptions, there is actually more internalized implementation of privacy governance in the u.s. companies with a much lighter system of laws than in europe where most of the privacy program in most countries will stretch to filling out forms and comply with the bureaucratic processes and not really building into as a corporate value with real implementation. the one exception was a germany, which was much more like the u.s. where as it was much more internalized in the company with resources to support it and build into all their processes. >> that's what we're dealing with union yang, making sure we have the flexibility to allow the innovation that it doesn't become a real process of think about compliance which just basically freezes in place or stops innovation allowing the flexibility to go, to have innovation while also protecting people's rights when we see that there's a potential for real harm, that we should have laws protecting them. >> any more questions? >> hi. i'm just wondering, so some of the research literature regarding big data and potentially legal institutions was positing the potential big data or small data could be used to address the consumer law market or get legal institutions better access to people in the legal services don't know that they have that or have a need for legal service. i wanted to know your opinion on whether big data or small data sets could be used in regards to broaden more legal services to individuals who potentially can't afford to go to law firms or aren't covered by legal aid? >> how would you get to the data? >> w

. >> mr.er in guess yang --er in guise yang. >> to stay nothing of broader arab popular support, thathas essentially come to pass. they no longer enjoy that broad range of backing at the regional level. but that is the cost as hezbollah sees it of creating that strategic depth that it thinks it needs. the other side of this is that on net balance, hezbollah's role has brought some degree of predictability. perhaps not in the way many would like along the lebanese-syrian frontier. if one were to ask four or five years ago, you know, would hezbollah allow or sanction or facilitate the establishment of better border relations, more demarcation, a robust security regime along the border, one would be hesitant to say yes. but the dynamics are such now that you have at least an opportunity to do good. to do good in terms of the lebanese and institutions like the laf focusing on building up these institutions and structures along the border. you also have all the patterns that dr. salem described in terms of what the long-term radicalization and instability effects are. in every way that mat

yang? >> even she has been grateful to .erry yang there was great interest early. >> what core businesses doesright now that when you think about what melissa -- marissa mayer said, she was excited and thrilled that they were reaching out and katie couric was going to be part of the yahoo! universe. she is an engineer. from an engineering respective, what are they doing. been very clear about what they have been focused on. first it was people, products, and then revenue. if you do not have a full and complete understanding of how to make the revenue, maybe the people and products on going to be the right fit. -- are not going to be the right fit. they are only now beginning to figure out the revenue problem. they're getting there. us a number.ve if you strip out ali baba and yahoo! japan, what is your value for yahoo!? >> i have about 7.5 billion dollars in value in core yahoo!. seven dollars a share. the company is reducing a lot of cash flow. even after you account for ongoing acquisitions to drive any growth, there is no growth organically to come from yahoo!, only that what they buy -- th

yang. the ying being the words and the softness. that's what we need in this police force. we need the ying and the yang. >> i knew nothing about what the people spoke about. we saw police officers indicted. these officers were on the force and doing a lot of other thing. i'm going to present to you a case. i'm going to say the officers answered to complaints to take a very hard look. they need to have somebody who is responsible independent and redo all the cases that these officers were involved in and see what the result was. i'm sure if he was alive, the officers and civilian complaints need to take a good hard look. i challenge you to get an

yang. the ying being the words and the softness. that's what we need in this police force. we need the ying and the yang. >> i knew nothing about what the people spoke about. we saw police officers indicted. these officers were on the force and doing a lot of other thing. i'm going to present to you a case. i'm going to say the officers answered to complaints to take a very hard look. they need to have somebody who is responsible independent and redo all the cases that these officers were involved in and see what the result was. i'm sure if he was alive, the officers and civilian complaints need to take a good hard look. i challenge you to get an independent person to investigate. start with these cases the officers were involved in and see what their result was. i have a couple of other cases. i think they are incompetent. look at now they have officers that are shown what their like. see what officers civilian complaints when they are complaints were before that officer. i'm going to give you each a competent take. you are each responsible. if you have somebody review the cases and the officers, the o