chuck stevens from detroit.new york and i will now toss it back to john in london where they call those cars boxholes. jonathan: i don't think we should have that debate now. the news conference from mario draghi, not a time to talk about that. 16 minutes away on bloomberg tv and bloomberg radio. ahead of the news conference, check out the euro-dollar. we opened up the last meeting at about one: 10. the session high, the biggest in three weeks against the dollar. 11355. ♪ vonnie: we are less than 14 minutes away from one of the biggest news conferences of the year. mario draghi. what will he say and how will the market react? latest bloomberg business flash. blackstone says first-quarter earnings fell 77%, missing estimates. folks like and has agreed to pay at least $10 billion to settle claims over solutions tests. according to someone with knowledge. it is not clear how much individual car owners would get. today is the deadline for gw to say how it will fix the cars. exports have fallen to the lowest levels s

phil. >> chuck stevens joins us from detroit.ed earnings on the top and bottom line in the first quarter. it sounds like a broken record, but it continues to be the strengths and trucks and suvs and crossovers in the u.s. and china that are driving things, correct if. >> well, i think if you look at the results, phil, we also had $500 million of improved performance in the first quarter of '16 versus '15 outside north america and china. better performance in europe. broad-based improvement in the first quarter of this year versus last year. >> you lost just $6 million in europe. it's been a long time fighting back basically to break even. do you see profitability going forward from here? >> well, obviously that's our objective. i mean, everywhere we operate we want to make money and we want to earn the appropriate return on invested capital. the first step is getting to break-even. we're confident that we're on the path to get to break-even in europe in 2016 and the first quarter was a great start towards that objective. >> chuck

chuck stevens, mark keeseville vonnie.vid, aces are loaded tomorrow.o draghi. following the entire press conference live. vonnie: we will see if he has a new term for the markets these days. that does it for bloomberg . tune in tomorrow for more ecb action. ♪ betty: betty liu. mark: live from london, i mark already. this is bloomberg markets on bloomberg television. betty: we will take you from new york, to london, to hong kong. here is what we are watching. half an hour into the trading session. stocks are fluctuating. s&p hovering around a fourth month high. crude oil is slipping for a fifth time in six days. mark: donald trump and hillary clinton both take new york by wide margins, ending losing streaks from both campaigns and pushing them closer to their party's nomination. does sanders or cruz have any path to victory or has a general election started? betty: intel is slashing 12,000 jobs. the deepest cutbacks in a decade as pc sales contract for a fifth consecutive year. can the wod'