mark: u.k. prime minister david cameron facing his first weekly question time in the house of commons. he will face the active interim labor leader. ed miliband resigned after losing the election last month. mark: join us on twitter. tell us what you are following. i'm mark barton. sepp blatter is trending. no surprise. this is a story where running today. -- we are running today. they are targeting blatter. they will step down as fifa president after a special election. it will take place at the end of this year before march of next year. mark: coming up stay with us for analysis and have the euro zone economy is shaping up. ♪ mark: they will be mulling over inflation numbers before making their announcements. we're now joined by managing director and chief economist. good morning. let's start with the ecb. as far as the meetings and excitement goes, it's only the most exciting meeting. there was evidence of the economy picking up. it is the big elephant in the room. but on the economy itself,

mark: i'm mark halperin. john: and i'm john hailemann. and with all due respect it is time to get yourself an abacus boys. ♪ mark: happy national turkey day. tonight, hillary clinton's campaign, and gop potpourri. first the white house takes it on the chin. rejected one of the two trade bills backed by president obama who made a special cameo this morning and a failed attempt to whip votes in his party. the effort to give obama fast-track authority on the transpacific partnership, that deal is if not dead then on life support. if the trade deal does in fact to down what are the implications for president obama and hillary clinton? mark: i am stunned that they failed. normally when presidents get as close on a trade deal they are able to find the votes. republicans are blaming the democrats. democrats did not help the president. it is possible they can revive it. it is going to be difficult for more bipartisan compromises. it is when be hard for the president to fight back. from the notion that he is a lame-duck. this was the first of the

mark: i'm mark halperin. john: and i'm john heilemann. and with all due respect to pope francis, the world is definitely getting hotter. but you are pretty hot yourself right now. ♪ john: ok, happy national eight -- eat your vegetables day. a handful of new polls in battleground state provide a snapshot for the clinton campaign and that picture looks like it has been taken without instagram filter that is kind of brown and gray. let's go to the big board where ohio governor john kasich lead to clinton 47-40 in the buckeye state. marco rubio and rand paul each have a one point head should -- a one point edge over hillary. all of these are worse than they were for her not long ago. what is hillary clinton's problem? mark: bernie sanders is doing really well with men when people both -- know both the candidates. as a snapshot of today, she is the most likely to be president. and she cannot take for granted ohio and pennsylvania, choose a that democrats have -- two states that democrats have taken for granted. -- two states that democrats of

mark: i am mark. john: i am john. jeb bush: i thought i would talk more about my journey of faith. faith. guided my my faith. faith has impacted my life. people of faith. where people of faith can act on their faith, and i humbly ask for your vote. thank you very much. ♪ ♪ john: happy national martini day. guns and graham, but first the big guy. the on stage shindig face-off between jeb bush and john basic. one the establishment favorite. the other the establishment challenger. let's watch them go at it. >> i did not come here for politics. >> today is not going to be a political speech. >> as a young man in the church and in my life, i felt the lord. >> i converted to being catholic in honor of my wife and because i believe in the blessed sacraments, and they give me great comfort. case it: i know the role i have to play on earth to lift people, to realize that all those made in the image of the lord need to be upheld. bush: we put the most honorable at the front of the line, guided by my faith. the drug addicted could be in your family, get them on their feet. and we also put the

mark: i'm mark halperin. john: and i'm john hailemann. mr. trump, thanks for your time and thanks for being a huge fan of our show. you yourself have the show. you are finally running for president. mr. trump: i have never done this. it has not been that easy. in some areas you do better than bobby jindal. on the show, the monopoly man. supporters turned out with their own signs at the economist tower. it looked like an event at the megamall. a nice megamall with escalators and people hanging off the balconies into the atrium and security guards keeping the throng and check. trump is the only candidate who announced in his home and in his office which is the sky rise next to tiffany's flagship store. the donald arrived from on high listening from in this later built by angels. we waited and we waited and we waited. and then the words we all wanted to hear finally. >> ladies and gentlemen, i am officially running for president of the united states and we are going to make our country great again. mark: trump draws a lot of haters. he has hired

mark: i'm mark halperin. john: i'm john heilemann. and with all due respect to bill clinton, he can speak to me whenever he wants. john: happy national iced tea day. jeb is jousting with the press. president obama is sending 450 more american troops to train the iraqi military. the white house says these are not combat troops and denied the forces are a sign of a change in strategy. >> the president has been clear with what is now on the table, a large scale ground operation inside of the rack. the reason is the president does not believe it is in the national security interest of the united states to do for the iraqis what they must do for themselves. john: what are we to make of the announcement? mark: it is rare for government at war to say we are changing our strategy. we saw george bush do it. this president does not want to fight in iraq. it looks like mission creek to me. there will be troops there for a long time. the iraqis cannot fight this themselves. policy is they must. this is another sign the administration does not thi

mark: june or july? nick: not today. mark: your favorite is july? nick: if you pick your favorite one, it's a toss of the coin or assigning probability is higher. right now, what we have is very high pitch rhetoric from both sides. i keep getting back to this. it is really not so much about financing over the next one or two years but about structural reforms. this is where the whole thing is getting -- having said that, the june 30 is important because of the deadline. and greece would be left without a program which is why -- the most important date is july when you have the biggest payment held by the ecb that matures. i think a when it comes to that, it is a guessing game. if you put a gun to my head, i would say most likely not going to get a deal and it will drag on for some time. the reason is things will get a bit ugly before they get better. at the end of the day, will reach some sort of a deal. nick lyster: i would agree. mark: capital controls, is that necessary? nick lyster: it depends on what happens. if there's a run on the banks. mark

♪ mark: howdy y'all.n our front here tonight, hillary's radio, generous cattle call, and the iowa quick draw. but first, rick perry of texas. in the moment -- in a moment, we will get to the good bad, and ugly of rick perry's announcement event. but for now, here is the red white, and blue. >> we don't have to resign ourselves to death, decay, and slow growth. we have the power to make things new again, to project america's strength again and get our economy going again. [applause] and that is exactly why today i am running for the presidency of the united states of america. [applause] mark: he flamed out in 2012 like a box of cheaply made fireworks. did today move him forward on his path to redemption? john: i thought that speech was pretty good. it was energetic, strong, funny at times, but i don't know whether it will be possible for him to dispel the memory of the flameout, which was more like the towering inferno than a cheap box of fireworks. he made himself a joke for too many people. even with a s

mark: i am mark. john: and i am john. we can have all kinds of fun with punctuation, too. happy national lobster day, sports fans. moments ago, jeb!!!! bush finally made his announcement. he detonated in miami, an case you are busy. jeb: the presidency should not be passed onto one liberal to the next. a country is on a very bad course and the question is, what are we going to do about it? the question for me -- the question for me is, what am i going to do about it? and i decided i am candidate for president of the united states. john: mark, you were they are, -- there on the scene, live. , the perennial, age-old question. how did he do? mark: he was more upbeat, more smiley and he will send a message to his supporters who have become a little nervous that he is going to fight to win this, and he gets the points. he did today more than i have ever seen him do. john: nothing troubles me more than a disagreement with you but i have to agree. a candidate, now an official candidate. he started slow, i thought. he was very casual coming out there. no tie, no jacket, just looki

mark: why does mark care so much about alfa romeo?> it is at the center of the strategy for european operations. he wants alfa romeo to fill underutilized plants in italy and export these models around the world. alfa romeo is the key anchor of this strategy. it has eight models land by 2018. and he has 5 billion euros and investment budgets for the brand. it is critical. if alfa romeo goes well it looks like the rest of the strategy does well. that is what it is so court to what is going on for the next couple of years. mark: what is next for the brand? >> next up is an suv next year. it is a platform developed where maserati is based. that would be the second of eight cars coming and it remains to be seen what happens after that. we don't have clear guidance of the model strategy after that. but if they can get there, maybe they can challenge bmw and audi a little bit here it the target right now is 400,000. it will be a bit of a stretch because they sold 68,000 cars last year and they are expecting massive growth. mark: a greek dea

stay with us. ♪ mark: i am mark barton.has until tomorrow night for the final push and the five-month standoff wedded to split the eurozone. alexis tsipras sent proposals. eu leaders will meet tomorrow. [indiscernible] pmi is up since may signaling the french economy is games strength. -- is gaining strength. germany economy is stronger than expected. manufacturing climbed. shift gears and talk about the u.k., the british chambers of commerce said it will back prime minister david cameron and his bid to keep the u.k. in the you if he secures a deal to help the economy. -- eu if he secures a deal to help the economy. how important is it for business to support david cameron on this? reporter: we know business is supportive of u.k. in the eu. when you look at the last referendum, the scottish referendum people came out late and it was last minute panic so it is important now that those big business groups come out and actually say look we can get them reforms and will the prime minister. and it is really is the big deal. mark

yes, pay attention, mark. i mark crumpton here with betty liu.conic colt is filing for chapter 11 bankruptcy. demand for theg sporting weapons and delayed government sales have heard business. betty: what does this say about the health of the government -- of the gun making industry question mark -- the gun making industry? colt really has a checkered past. : going all the way back to the mid-19th century when samuel company,t started this it has had it up and downs. downs. up and cold has a very distinctive set of problems, related mostly to the ownership, to the fact that they have been owned by private equity firms. and they have put it through the private equity leverage squeeze, which means piling up dead, taking cash out, and that has made colt very vulnerable. they tookin november, out $70 million from morgan just to make a debt payment. guest: co and an upswing when the wars in iraq and had an upswing. colt has a special place in american history. most popular weapons, the cold 45 and the and 16 -- paul: it goes back even further to the r

mark: i am mark halperin. john: i am john heilemann. the rand paul government surveillance victory lap -- [ whispers] rams they are still listening. mark: happy national heimlich maneuver day, sports fans. on the show tonight, a message from bernie sanders, a love note for scott walker, but first, a lindsaygram. that cracked me up. he is the ninth republican to officially enter the field. it will get even more crowded soon. at a rally in his childhood home of central south airliner, graham talked about his best central, south carolina, graham talked about his roots. senator graham: the world is exploding in terror and violence. i am running for president because i have the experience, the judgment, and the will to deny the most radical regimes the most dangerous weapons. mark: -- john: we're going to talk more about lindsey graham later in the show. is he running for the presidency or to make a point? mark: both. low-energy today. less like the launch of a movement, more like a guy having a time with his community crowd. i think he can

mark: we hope to get you to rap later.nt to talk some legal stuff with you, attorney general of utah. first on same-sex marriage has been fought onin your sattate. what do you think the court will decide? sean: it is a difficult decision for the court. most people believe justice kennedy is the swing vote. he gave us a decision in windsor that seemed to reflect that inner conflict he had. will he go back to his more federalist roots and allow states to allow this issue as they have traditionally or will he, as a lot of his language indicated, vote to universally recognized same-sex marriage, not just at a federal level, but through all states? all the prognosticators the experts, seem to think the likelihood is a 5-4 decision one way or another. john: if justice kennedy goes the way some experts think and we end up with national rights of same-sex marriage, do you have any doubt in your mind that every state must then follow with the supreme court says? there are some people that suggest there are ways states could fight a

mark: thanks, elliott.meantime, weigh in on twitter on all today's stories, whether it is me doing the macarena, whether it is greece iran. have a great weekend. ♪ greg is working on the weekend eurozone finance ministers are set to meet that are day for talks on greece. varoufakis says his cut -- country has been to over backwards. >> the country's longest ever bull market has teach. >> taxi drivers in paris stage violent protests, they call the low-cost cab apps illegal. ♪

mark: rm mark crumpton. rallytreet and markets in on optimism that greece will reach a deal to avoid a debt default. check of the boards shows the s&p 500 is up 1.25% at 2106. dow jones up nearly 1.5%, a 253 18,017.se at nasdaq composite of 1.3% at 5081. gold futures headed for the biggest gain in four weeks. gold trading at $1187 an ounce. gold is rising on this wednesday. oil futures also rising. the longest stretch of weekly decline since august. nymex crude of over a full percent, nearly one point 25% at $60.86 per barrel. at the bond look market. the market literally cannot believe it. the 10 year treasury yield nearly a 2.5%. who would have thought about that. and unbelievable move as we have a selloff continue across the bond market. is this the achilles heel of the stock rally? we continue to see a washout in the bond market. finally, a look at the currency market. a weaker dollar across the board. the yen the story of the day. the bank of japan governor coming out to say we like the level of the yen

mark: i am mark halperin. carroll: i am carroll brown. slow and steady wins the race. ♪ mark: iowans gun their motorcycles, the caucus gets souped-up. first, hillary's rivals go all turbo. she called out the hands of the republican gubernatorial types and their states on voting rights. today, a handful of gubernatorial types returned to the volley. >> secretary clinton doesn't know the first thing about voting rights in new jersey or the other states. my sense is that she just wants an opportunity to commit greater access vote or fought around the country. >> she just went into my home state and dissed every person who supports having an identification to get on and playing or vote. >> we have 28 days in new york they have one day. why are you suing me? why don't you take care of business at home before you run around the country using these kind of demagogue statements that we don't want people to vote. mark: he was referring to a lawsuit brought by hillary clinton's lawyers against voting laws that exist in ohio and wisconsin. speaking

mark: i agree he is the big winner. republicans are underestimating the extent to challenge their nominee is going to have to describe a world in which something is better than the affordable care act. it is still unpopular but the old system was unpopular. anything they proposed immigrants are going to pick apart. this is going to be more and more ingrained. it is going to be harder for a republican to run against it. john: there is no such thing as a perfect law. we are still arguing about medicare and social security. the people who saw barack obama making a confident assertion about the law and predicted that he knew that it was going to go down today they have been reading the tea leaves, they knew it was heading for defeat what it really reflected was confidence. mark: the biggest losers are the republican up as dust president of candidates. it is a complicated thing to do in the context of a campaign with the nomination fight and the general election. some people can explain a world with a better health care plan

mark: we will reload.fter the break, a multishot burst of the real rick perry after this. ♪ mark: here we go. the lightning round. rick perry jousting in the ring. let's start by listening to governor perry on foreign policy. >> the world has descended into a chaos of this president's own making. [applause] while his white house loyalist construct an alternative universe, where isis is contained romani is a setback but we are a resilient country. you think about who we are. we have been through a civil war, two world wars, a great depression, even made it through jimmy carter. we will make it through the obama years. we will do this. [applause] john: mark, that was very tough on president obama, not surprisingly. do you think there was a lot of substance there or red meat anti-obama rhetoric. mark: there were not a lot of specifics, more on domestic policy. he did not have a distinctive hairy doctrine. most of the lines on foreign policy could've been delivered by any of the republicans running. the second

mark: fred, we talked about jeb bush.lary clinton will have a big speech two days before he announces running in miami. both of those dates were probably set long ago. if you're involved with the bush campaign, is this a great opportunity to announce shortly after hillary clinton will be dominating the spotlight two days earlier or is there some peril in that decision? fred: you don't have a choice. you are to take the cards you are dealt. you make it a positive. i think between those two, jeb has the most to gain. if he gets away from giving a pat speech and talks to people and shows his heart, i know him. he is a great guy. then i think he might pull that off and the contrast would be a favorable one. mark: this notion of not giving political speeches, but talking to people, is that something you have think always has been the case, or is this more of a premium on that now? fred: i think it is new to the electorate. i'm sitting here in hollywood. some of the guys in the studio and i were talking. they say they are sick

mark: i mark halperin john:. john: and i am john heilemann. and with all due respect to senator mark kirk-- that's a clown car, bro. ♪ mark: happy national corn on the -- john: happy national corn on the cob day. in our lineup tonight, a stock a straw. but first, a pick six. mark, you are out there in deer valley. when it comes to the romney primary, who are the front-runners? mark: you have six presidential hopefuls, and romney's core financial supporters. they are a big part of the party. there are going to be a lot of people here that look at the faction. jeb bush is not here. i think right now people at this event are like a lot of people in the party, marco, rubio are -- volcker, rubio, and john kasich are the ones they are looking at the most. john: i think that makes sense. i know there is no doubt romney has been interested in marco rubio. when he decided not to run himself, he made allusions to how the party needs to look to a new generation. marco rubio is someone we know he likes. i know that he likes john kasich an awful lot, the k

mark: and i'm mark halperin. and with all due respect to donald trump, your chance of winning miss congeniality for the miss mexico pageant -- not very good. ♪ mark: on the show tonight, boom goes the supreme court. john, who is your winner and loser in the scotus ruling in favor of obamacare? john: my winner is barack obama. barack hussein obama, who has had two successful supreme court challenges to his signature law -- both of which could have destroyed it or survived. he has a clear sailing to the end of his term. it will still be contested. but every day it passes it will be ingrained in the fabric of american life and less likely to go anywhere. mark: i agree he is the big winner. so are the people who believe in the affordable care act. republicans are underestimating the extent to challenge their -- the extent of the challenge their nominee is going to have to describe a world in which something is better than the affordable care act. the republicans are right -- it is still unpopular but the old system w

mark: john: i mark halperin. john:and i'm john heilemann. i hope you book your hostels in advance. ♪ happy national veterans day, mark. in our lineup tonight, the supreme court defying, but first, german dining. as the bare naked ladies might say, "what a week" until jeb bush announces he is running for president. friday and saturday, he is in capital of the stone hit, and according to wikipedia, a major cultural step -- estonia, and according to wikipedia, amya major cultural center. mark: this does not seem as aggressive as barack obama' overseas trips in 2008. i think at this point he has set -- he is set up to be not very ambitious and maybe to get pictures, but i don't keep will advance his cause. john: given the way the other republican rivals have performed on their foreign trips so far, which is to say that they either made mistakes or were hidden. he's in the position to take great opportunity -- make great opportunities. if he takes questions and hit the homerun, he can say that he has been around the world and he feels these quest

mark: i'm mark halperin, and with all due respect to the newest mcdonald's employee robert gibbs, have it your way. on our dvr tonight, csi-chicago and from germany with love, but first miami vice. marco rubio -- the $80,000 boat paid for with the republican party account and of course the traffic violations reported by the times a few days ago. so the times is on it. is this legit and is it politically dangerous? john: yes and yes, mark, would be my answer. it is legitimate that you have a republican who like many republicans, has campaigned against profligacy and the way that the government wastes money. you have to look at his finances looking at how he has misspent his money, managed his money. totally legitimate. and there are so many lines in that paragraph that are open to additional reporting, additional digging. there's a lot of danger here, i think, for marco rubio. john: -- mark: people should not treat this like an indictment. it's totally legitimate to look at a candidate's finances, particularly someone like marco rubio who has lived an unorthodox life. but they had new d

mark: and, i'm mark halperin. "with all due respect" to mississippi, if you are having trouble figuring out what to do with your state flag -- there is consensus. >> it belongs in a museum. >> it is time to put it in a museum. >> museum. >> museum. >> it belongs in a museum! ♪ mark: on the show tonight, rand, ransom and arithmetic. but first, rodham, clinton hillary. the democratic presidential hopeful hosted a community meeting at a black church and spoke emotionally about race relations in america and in detail for the first time about the confederate flag. sen. clinton: despite our best efforts and highest hopes, america's long struggles with race is far from finished. we cannot hide from hard truths about race and justice. we have to name them and own them and change them. that is why i appreciate the actions begun yesterday by the governor and other leaders of south carolina to remove the confederate battle flag from the statehouse. [applause] hillary clinton: recognizing it as a symbol of our nation's racist

mark: trump is not going to fade instantly. former brewery stuff -- a former barista said she applied for a fellowship on hillary's campaign but then found out it was unpaid. hillary clinton should pay her interns if she is calling for higher wages for every american. are the complaints valid? john: she took this job, unpaid work on campaigns. volunteers, interns are the backbone of presidential campaigns. there is a reason why we took those when we were young. there were other terms -- there were other forms of pay. if they lied to her in some way that would be bad. i would say the evidence of that, this woman just needs to take the job if she likes it. mark: i mostly agree. she says she still supports clinton. some reports say unpaid interns are exploited laborers. i'm not saying she should have to take the job. you can imagine, there is an argument to be made. someone who is willing to move to another state should at least have their expenses covered. john: it's the case that she called that internship indentured servitude.

mark:john: with all due respect to senator mark kirk-- ♪ mark: happy national corn on the cob day.n our lineup tonight, a stock, a straw. but first, a pick. the first -- aprila a pick six. mark, you were out there in in deer valley. is a romney -- in a romney primary, who are the front-runners? mark: you have six residential hopefuls, and romney's core financial supporters. there will be a lot of people here that look at the faction. jeb bush is not here. i think people at this event are like a lot of people in the party, marco rubio, and c are the once they are looking at. john: i know there is no doubt romney has been interested in marco rubio. when he decided not to run himself, he made allusions to running in a new generation. i know that he likes john kasich an awful lot, the kind of governor he would like to get behind, especially if the party rallies behind kasich. john: there is no clear front-runner. -- mark: there is no clear front-runner. people are kicking the tires. there will be jeb bush peopl e here. people are filtering out -- is it rubio, is it kasich? they want so

mark: how long can this continue? >> a couple of factors echoing into this, plenty of look what he the into the market. there is for these companies. the fda has been approving more drugs than it has in the past. because of that, a lot of the bigger players have gone up to acquire their technologies. they usually pay a pretty hefty premium. mark: thank you so much. coming up on the bloomberg market day, the battle over trade. the house is getting ready to take a key vote on the trade bill. will it pass? we will head to capitol hill next. welcome back to the bloomberg market day. i am mark crumpton here with matt miller. on friday, the house will vote on whether to give the president fast-track trade authority seen as crucial to completing trade deals. matt: many houston regrets are opposed. peter cook is on the hill with the latest. the president still looking for votes there. peter: still calling lawmakers. some of the fence sitting democrats are out there. the big problem for the president are members of his own par

mark: this has been a long time coming. she is a minority female governor, an african-american senator, lindsey graham is not going to be afraid to stand up to people in his state. given the nature of the tragedy, given the state -- given the way the state wants to go to the future the state needed to do something symbolic. john: funerals and memorial services coming up on friday. president obama will give a eulogy for one of the following. it would have been awkward to not make that switch by then. this is a state that economically is tied into the business community. b fw, boeing, and other companies. the corporate sector is a force for progressivism. the corporate world would want this changed. mark: the 2016 candidates would be pressed on this. the chair of the national committee was on the stage. the republican party did not want to spend another day defending the american flood -- defending the confederate flag. john: it tells you there was a lot of machinery grinding pretty quickly. mark: a lot of instant states and'

mark: it is interesting.n they talk about the undo e-mail, it is obviously something that is not nice about someone. a niceld you undo e-mail? it is probably something crude, and appropriate. you send it in the next thing you know, it was a bad idea. betty: i think the lesson here is to pick up a phone. that is littered is. try not to send anything on e-mail. mark: you are saying curse somebody out by phone. betty: the personal touch. i'm signing off now. what do you have coming up? mark: we're going to follow bloomberg market day, a snowball effect, giant retailers including walmart and amazon have agreed to stop selling confederate merchandise. take a look at the strategy behind the decision when we return. ♪ mark: welcome back to bloomberg market day. let's get straight to your top headlines at this hour. a new report confirms the economy shrank in the first three months of the year, just not as much as previously estimated. arst quarter gdp fell 2/10 of percent. earlier, the government had said the econom

mark: so he has been getting high marks for his recent speeches, but he does not appear to be catching on to early states hovering around 5% in recent polls. but he's not alone in having trouble catching on. those he and rand paul have had trouble reaching double digits. meanwhile, marco rubio has been on the rise and is getting more buzz. have they hit the ceiling or are they hiding their time till february? john: no and no. i don't think they are biding their time. they have stalled a little bit. neither one has capitalized on what were relatively good announcements. they are now not in a top tier. a few months ago, we would have said walker jeb bush and marco rubio were joined by those two, but they've fallen into the second year. i think they have growth potential. but right now, they are not on an upward trajectory. mark: i think they are focused more on organizing. in iowa, you want to organize and get hot again. these are guys who can get hot and they are organizing. i think despite the fact that i get asked all the time where are they, why aren't they doing well ? i think they

mark: we get asked all the time.e hear reports they are raising money, but why are they not rising in the polls? more than some of their rivals they have the capacity to get hot with constituencies. i do not roll them out. it is surprising they're not growing more. additionally, ted cruz -- because he has been so visible. john: that could be wasted money, rand paul -- the organization thing raises other voters. if he is organizing strongly in iowa and new hampshire, he has a lot of. i knew -- a comes after a poll that showed the same thing. let's let the cable news posts take it from here with their patent mixture of disgust, joy and sarcasm. >> trump rising. >> donald trump surging in the polls. for real. >> donald trump is performing surprisingly well. >> only the donald is not surprised. >> the candidate all the candidates try to dismiss just surged into second place. >> donald trump managed to take second place. >> somehow, the donald managed to take second place. >> sector plays at 11%. >> what say you about thi

mark: welcome back.h has filed initial paperwork for a presidential run according to the washington post. the former florida governor is in europe and gave a speech in germany today. he will head to poland and estonia. the trip comes days before his official presidential announcement. phil mattingly joins us from washington. what is the governor hoping to accomplish on this trip? phil: he will officially become a candidate next man -- next week. you try to present yourself as a insident and voters see action and believe they can see him in the oval office. this gives jeb bush an opportunity to hit on an issue where he thinks there is an opening -- that's russia and the ability to serve as an ally to europe. particularly on the second of these arecountries -- countries very unsettled by the issues vladimir putin has raised with the incursion into ukraine and jeb bush feels like he can take advantage and show he has control of the situation and thanhe is more robust barack obama has been in the oval office

mark: so wrong. u.s. stocks in retreat: slumping markets in europe after setbacks in talks between greece and its creditors, concerns the country could default on its debt. thatelloff sparked by news representatives from the imf walked away from talks with greek officials yesterday. you see on the board the s&p 500 down .75%. the dow jones, a 154-point decline. nasdaq composite is down 30 points. the price of gold is falling on this friday as well, now trading at 1000 $179 and $.70 an ounce. oil is falling for a second day. nymex crude down nearly a full percent at $60.21 a barrel. betty: a quick check on how treasuries are trading, you can see the yields are coming down slightly particularly for the 10-year. better than estimated consumer confidence numbers. in the currency markets, kind of an interesting scenario given the greek debt talk. the dollar is weaker right now against both the yen and the euro. let's get a look at our top stories this hour. we could be moments away from a house vote on the fas

mark: thank you.exican oil company is causing headaches for hewlett-packard. ♪ mark: welcome back to the bloomberg market day. i'm mark crumpton. federal judge in california says hewlett-packard must face a corruption lawsuit filed by pemex. oil giant cory johnson is with us now with more on the case. tell us why this matters. cory: back in april of last year, hewlett-packard settle the charges under the foreign corrupt practices act were they admitted to paying bribes to get business in mexico, poland, russia, paying $108 million in fines, one of the largest that any companies have had to pay in the past. they admitted that they were paying people at certain companies and officials to get business center way. --x was one of the companies companiesne of these listed in the bride. in u.s. courts saying they wanted to undo the deal, wanted some damages, $6 million could be at stake here. hewlett-packard made the case that a mexican company cannot -- hewlett-packard employees in mexico may have paid mone