tom mackenzie.eair said to a deal for virgin america. negotiations are at an advanced stage,, but could be derailed by jetblue. irgin would allow them to expand routes. indian tobacco company idc has closed its factories in protest of new packaging rules. asia's second-biggest tobacco it did noto because have time to implement new health warnings. and government are fighting over regulations which say health warnings must cover 85% of pack service. the central bank of singapore wants to give financial firms more room to expand -- experiment with new technology. it hopes to create an environment for experiment to fail "safely and cheaply without major consequences." the authority said it will be up to management to assess risks in the new adoption of new technology. traders are pricing in a rate cut in australia, even as growth outperforms most developed economies. is falling u.s. dollar giving the aussie dollar a lift, clouding growth prospects. the aussie dollar has surged 13% since january, when i

mackenzie eaglen, you can go first. guest: there is a thing, which is the role of campaign donations and campaign finance and even the defense industry influence on congress and many institutions around washington. about even beyond that were bigger than that i should in thethe decline generational leadership in congress, those who care about national security who look across committees, who make a career focusing on one issue and not just for the benefit of their home district or state. there will always be a parochial politicians, by talking about legal waters in the nichols and the john war rens who made a lifetime of learning. many of them are veterans. they focused on the u.s. military and making the defense department a more effective fighting warforce. we lost so many of these members, especially those in the middle. really hemorrhaged in the last years, so almost got completely. i think about the polarization in washington and all politics. this is a challenge for anyone on the armed services committee. callers

after 15 years they're just three episodes of americani idol left.ef last night mackenzie had to saytting up idol's three nightigt grand finale which connect off n next week. ee what's next for the third runner up? for details he's joining ug live from la with a look back at his idol journey.rney. good morning to you. >> good morning, good morning. i thanks for having me.ks for >> we're glad to have you.d to . so first off, how are you a you feeling? i know it's got to bet bittersweet for you at this point. >> yeah, you know it's not evenn bidder. it's just sweet. >> great.at >> i've been nothing but nothing grateful for this journey.s joey so i'm -- i don't know.n't i'm just excited to see what tht future holds. hds >> i want to know about what you take away from something likeetl this. i know you get a lot of memories.oume probably made some friends. frin so what is the most memorablemee part of your journey to this point?t? >> the most memorable part onart the show for me is, you know, i got to perform a song i wrote w roses and that was like forike f votes to kind of get to anoth

tom mackenzie from the auto show.alk about the global bond market. 0%, now 7.8s than trillion u.s. dollars, despite the fact that the bond market grows. what are the risks? theolas: we will set from -- we will see from the fed this week that they will likely keep rates on hold. negative deposit rates around the rest of the world. as the percentage of negative yield bonds grows and grows, the question is, where is the value? anna: what is that ballooning in the negative rates environment telling you? nicholas: it is telling you really that the animus of a global bond investor aren't there. growth and inflation. you look at levels of growth around the world and inflation, they are really at pinnacle -- at pitiful levels. anna: i have a chart with inflation expectations into the medium term for the u.s.. do you see any move higher that is meaningful in inflation expectation? when you look from february, a very impressive increase. 's 1.6%. we're talking about the u.s. economy. that is the five-year inflation rate. 1.6%.

tom mackenzie is having a look at this.isiting and numbers they were, but certainly are investing like never before. they are snapping up shares over concerns that will be further depreciation's down the line. also, valuations in hong kong -- rishaad: it is trading six times and the hang seng is 9.8, phenomenal. dual listed shares around 40% more expensive on the mainland than over here. those are some of the motivating factors. chinese investors have been net , splashinge october out $6.8 billion on hong kong equities. yuan depreciation a big analyst,g factor for predicting a 3.3% decline by the end of the year. rishaad: are they pouring into the stocks that trade because there is a 40% discount compared to the mainland? there are a lot of dual listed companies, hsbc the most popular stock according to jeffries. the rest are chinese companies, icbc, alibaba. a shares our editor when he 5% premium to their hong kong equivalent, so there is a motivation to get in on the act over here rather than in shanghai. a lot of analyst

from bloomberg news, i'm tom mackenzie in beijing.after four weeks decline, european stocks arising on this monday session. it's a china led rally in place. the big news was producer prices. on a month on month basis rose for the first time since 2013. have a look at the best-performing industry groups today. if the china led basic resources that are leading the advance as an industry group, they are up by 3%. on hopes that we are close to an italian bailout fund being completed in italy. the talon banks are the best performers within the banks index. energy stocks and autos are also rising. we finish off with the bond and currency market. rising ton thursday 80 pence against the pound. since junethursday, 2014, it rose for the fifth week past week, the yield on the u.k. tenure is up by four basis -- 10 year by four basis points, the german up as well. the propensity is to invest in riskier assets. let's find out how some assets are doing in the u.s., abigail doolittle has the latest live from the nasdaq. abigail, what have you got fo

mackenzie joins us now. thank you so much for coming on good day philadelphia this morning.s. how are you feeling this morning? >> i'm feeling all right, i'm feeling all right, thank you for having me. >> what adjourn at this has been, i mean, following your story, and what it has been like to be on idol. what's your big take away from this experience? >> you know, it is crazy to think, you know, those same songs, you know, alleluhia, billy jean, roses, those are all songs that like six, seven months ago, i was just playing in my room for fun, and get to go kind of take that to a national stage and letting millions of people hear it, and knowing that, you know, those songs are the ones that really connect with people the most, it really meant a lot to me that, you know, i might be on the right track with that. >> you are 100% on the right track. and i love that you've overcome some health issues in your live, and living the dream. we will be watching and listening to you, for years and years to come. thank you so much for joining us here in philadelphia. >> thank you so much

angie: all right, tom mackenzie life in beijing.the first time in years, hedge funds turning bearish on the dollar. find out why in your fx headlines after this very short break. ♪ it is monday, the 25th of april, and these are your fx headlines. hedge funds betting on dollar exceedingpositions those of strength by 21,000 contracts last week. we haven't seen long positions for the dollar versus eight other major currencies. dollar bullishness has been up a winning trade the last few years. ledpean and central banks those easing efforts, driving the dollar up 20%. that divergence trade has fizzled out as the fed cut back inflationand for cash forecast. falling against the basket of currencies under pressure that the pboc is guiding the currency lower. an index dropped last week since the basket was unveiled in december. the chinese central bank raising its reference rate against the dollar, but lowering against other currencies. singapore for one saying chinese authorities are going to face a weaker yuan against trading currencies. a

francine: tom mackenzie in beijing. up next, the obama effect. the u.s.dent weighs in on the brexit debate. thiel.back with scott ♪ show me movies with explosions. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. francine: welcome to the polls, life from bloomberg european headquarters. let's get straight to the bloomberg first word news. nejra: the bank of japan has become a top 10 shareholder and about 90% of nikkei companies according to estimates compiled by bloomberg. it is now a major owner of more chinese blue chips than black hawk and vanguard. isics say the boj distorting valuation. an increasing number of bank of japan officials think the government should do more to spare the country's stagnant economy. while most of the officials are said to be concerned that the administration need

angie: tom mackenzie. thanks for that.ines, tata steel under investigation in the united kingdom, a criminal inquiry into its british unit after an internal audit found lapses. products were within safety margins, but has suspended a number of employees. the investigation may hurt tata steel's bargaining power as it plans gisela plant. daily mail newspaper reportedly in talks with private equity firms about making a bid for yahoo! that is according to the wall street journal. yahoo! has extended the deadline to april 18 for the first round of offers. horizon and google among potential bidders. da at the lowest due to declining demand in asia. missuxury retailer has profit forecast in 11 of the past 12 quarters. the company says it is impossible to make earnings projections this year. be showingy stability, but our next guest says we can't rule out a recession. we will find out when "first up" returns. ♪ angie: strengthening yen continuing to spark debate over whether the boj will intervene, and if so, when. 108,urrency is

tom mackenzie is our china correspondent.chprise rise in the purchasing managers index for china, 50.2. the survey had been 49.4. that is what the forecast had been. it follows seven months of contraction for china's manufacturing sector. it will be a positive for the government as well and the pboc. we heard there was going to be a fiscal stimulus. of thates on the back increase in the services pmi and follows the positive run and chinese stocks. it is not just investors. where seeing impact in the manufacturing sector. -- we are seeing impact in the manufacturing sector. government expecting 1.8 million people may have to be laid off from state owned enterprises. we have seen falling demand as well. that has eased off for the first time in seven months, an increase in the purchasing managers index of chinese manufacturers. rishaad: thank you. we get reaction to all this out of china and hong kong markets as they get set for the trading day. we get the open proper and half an hour. the opens in singapore, taiwan pay -- taipe

tom mackenzie with the latest on the follow out of the yuan depreciation in august taking a toll on corporatena. now, a look at wisconsin. thers casting ballots in republican and democratic presidential primaries today. donald trump facing a test of whether his latest self-inflicted wounds could harm's chance of winning the nomination. megan murphy joins us from our new york studio. here,sconsin possibly could it be the turning point for donald trump or ted cruz? ted cruz is trying to make this a big turning point, and there's no question it is a significant race for him. that the stop donald trump movement has momentum. can anyone steal enough delegates away from him to impede him from winning the nomination outright. att people will be looking in wisconsin, night even who wins, but by what margin and what that means for the possibility of going to a contested convention in cleveland for the republicans in july. how doesthe thing is donald trump minimize the damage if he does lose? looking like he will lose in wisconsin from the eggs of falls. xit polls. manager was charged with battery, mad

tom mackenzie is here. what did the data tell us?mber came in at three point -- 2.3% in the march index. that was in line with the 2.3% from february. analystsy low, below estimates at 2.4%. rising food costs, food prices, when you break it down on the component by component basis, up 7.6% in march. that is the highest reading we have had on food prices since .arly 2012 so that has been a very big part of this. we know that pork prices alone are up 60% this quarter. we also got the producer price index, those declines in producers have eased off 4.3% in march from -4.9% in february. that was largely due to stronger commodity prices, pick up in the real estate market may have had some play as well. we have seen rises in the first tier city. it is a food price component of this marsh consumer price index that really is the focus today. and the question of whether or is 2.3% versus 2.4% gives the pboc more for the economic indicators. they are looking more and more healthy. rishaad: thank you for that. tom mackenzie. we have more on thi

tom mackenzie is there for us. let's start off with these testing scandals. what is the mood there?nd saying? it is certainly on the top of the agenda in beijing. largely because the industry leaders just don't know how far this all goes. they don't know what the implications are for regulations going forward. the suspicion is we will get greater oversight by the , andrities, or probes tighter restrictions, but how all that feeds through into the industry is what everyone is talking about here. we heard japanese newspaper that theying mitts is he sh mitsubishi test could affect up to 2 million vehicles. daimler asked to investigate operations in the u.s., peugeot as well, as to look at their operations in france. we've heard from the ceo of daimler, who says there needs to be more transparency from automakers. we also spoke to the ceo of ford and volvo. i asked them both whether they were confident that their going by thee letter and the spirit of the law. very confident we are complying with the law, and we have no cheating devices. thatnk it is also good starting next year, we wil

tom mackenzie is with me now. how is this working?etting some insight into the steps the government may take, and what they're looking at is taking those bad loans from state owned enterprises and converting that into equity. what were concerns around that might mean for the balance sheets of the banks. the process is likely to spend three years, and it is our first inside into what the government is thinking about the economy after the national people's congress. rishaad: you are talking about bad debt becoming bad equity? tom: we've heard voices from the chinese bank itself. concern thating this is going to shift one problem to another. they want to make sure there is a cap on these bad loans to equity swaps. economists say you could take these bad loans, give it to the banks, cleaning up the balance sheets for state owned enterprises and makes accessing credit easier, and they go back to the banks to get credit at a better rate with some of those bad loans shifted off their balance sheets, creating a cycle of debt that so many are

you, toml right, thank mackenzie live for us at the auto show.k at market action around the region, starting in south korea, where we are seeing just fractional losses this morning, and that seems to be a place where we are seeing all of the markets. let's go to hong kong, and this is the view from here. we have got the hang seng index down, and asian stocks retreat and oil is changing with the strengthening yen. in tokyo, the latest, after this break. ♪ our top story, oil is changing, the yen strengthens, and gains among major currencies. most are expecting some easing later this week. and the fuel inefficiency scandal, they say companies are delaying their reports, and some say that mitsubishi had 27 models that failed to provide standards, and economic rebound in april, suggesting the recovery we saw in march is lasting. there may be expectations for additional easing dialed back even further. the business outlook shows businesses are still reluctant to invest. right. 150 bureaus around the world, we are bloomberg. let's get straight to the ma

anika mackenzie is now on trial for the fight at a middle school in hempstead. the trial is the talk of the town. >> i believe there should be no hands on each other. i teach my kids that. >> there's always two sides to the story. >> we're doing everything possible to ensure a safe environment for the students and the staff. >> mackenzie claims the teacher pushed her first. she faces up to seven years in prison if convicted. >>> a significant decline in the number of homeless people living on the streets of new york. city numbers say 2794 individuals are now living unsheltered. that's a 12% drop from last year and 36% fewer than the first count in 2005. mayor de blasio says a quarterly counting system will begin next month. at 8:26 we'll get a check on your weather. here's meteorologist john elliott. >> we have these gray skies to start the day. to the north parts of the hudson valley doling with showers. there will be breaks in the clouds at times later today. 49 in the city. cool 40s across the board. definitely jacket weather with highs only in the low to mid

owned by landed gentry, by various royals, the highland clans mackenzie, macdonell, and macleoud, tolously wealthy foreigners. today around half the land in scotland is owned by fewer than five hundred people. >> anthony: its an anachronism; dismaying to some, i grant you, but seductive as well. because who wouldn't do this if they could? enjoy this kind of rugged solitude from the comfort of a warm, inviting seventeenth century lodge. warm one's legs by the fire, play a little snooker, enjoy a fine single malt or two, a substantial game meal, maybe another whiskey, perhaps. contemplate the mysteries of the universe under a starry sky. then, to sleep into the arms of morpheus. to rise in the morning as bringer of death. >> anthony: stephen and adrian keep calling it "the hill." but that ain't no hill i ever seen. it's a behemoth. an endless range of behemoths. one mountain giving way to a moor, giving way to another mountain, then more, then more. there might be a hill somewhere in there, but it's probably between mountains. after a five-mile uphill walk. and though i am, to be modes

we have one of our favorite producers, coordinating producer meredith daughter mackenzie. her dress is like ten bucks. what we did to make the look cute but not cutesie, we went with floral but in a different way. oversized florals are big right now in a graphic print. what you see is lace in a flower pattern cutout. they have complementary colors and we took hair pins and put them on the shoes to make her shoes a little floral. >> she lost a front tooth. >> that looks good. hope you got a lot of dough for that one. i'm sure daddy -- how much? five bucks! wow. >> good one. thanks. >> oh, looking good. we have one of our other favorite "today" producers, lana with her mom and son. tell us about their cute superhero day, actually. >> it's also blueberry pie day. >> i feel like moms and grandmoms are the ultimate superhero. that's what inspired this look. these are a solid captain america team. i love a trucker hat. this is such a cute look. for her son, how adorable is this. we have superhero shoes, they say kapow! it's adorable. he's wiped out. been a long morning. we tied

the harvard business review, by the global learning officer, and by someone else described as a mackenziecialist. the headline was the proven link between sleep and leadership. and they actually took us to the -- through the science of what happens to the prefrontal cortex, where the executive functions are housed. when you're sleep deprived, everything is degraded, every aspect of leadership, decision-making, team making. everything is degraded. this whole collective delusion that we will sleep when we are dead -- charlie: i will catch up later. arianna: ceos often congratulate their employees for working 24/7. this is the equivalent of congratulating someone to coming to work drunk or smoking everyday. charlie: it is interesting that we have somehow developed, in part, this idea that those people who do not get much sleep are superhuman and overachievers, and they are the best you can be because they pound more time into their functions. arianna: right. but this is part of the delusion that looks at work in terms of time you put in, as opposed to energy you put in, and the quality of yo

. >>> in other news -- >> ♪ >> the end of the line tonight for idol contestant mackenzie.three remain. and three episodes of idol are left. then it's the end of the line for the long running show. you can watch it all next tuesday, next wednesday and thursday right here on fox 29. >>> tonight in your money people are lining up for a new car. it's all for tesla's new sedan. automaker will debut the car tonight at it's la design studio the a 11:30. it has a starting price of $35,000. the tesla model three is expected to have a range of at least 200 miles when it's fully charged. that's about twice what drivers get from comparablely priced vehicles from nissan leaf and bmwi3. >> beyonce' has brand new line of athletic wear. >> there are things i'm still afraid of. when i have oh conquer those thing i still go back to that park. >> in a video posted online today beyonce' unveiled ivy park it's what she's calling at lease sure wear. beyonce' appears through the promotional video talking about how running played a big role in her life when she was young. when she would just run

. >> anika mackenzie is on trial for the fight. the trial is the talk of the town. >> i believe there should be no hands on each other. >> there's always two sides to the story. >> we're doing everything possible to ensure a safe environment for the students and the staff. >> mackenzie claims the teacher pushed her first. >>> a health alert in fairfield connecticut. sacred heart university is reporting a mumps outbreak. the university says there have been at least 17 cases since late last month. the infected students were vaccinated as required for college admission. there's a mumps outbreak at harvard university with more than 40 casings reported. the new plan to beat the morning rush but it could cost you. >> one of our reporters targeted by systemmers on facebook, could it happen to you. >> and will ferrell reportedly set to play former president ronald reagan in a new movie. the choice. blinds to go's new cascade shades. gentle diffused light when you want it. darkened privacy when you don't. modern elegance always. right now t

in the car last month they saw auto year-old ethan and mackenzie close call occurred and they convince their dad to stop off at a burger king place showed up and the kids said that they found something as copper. of this >> pam: the royal family with to tillage ahead. >> reporter: congratulations said john legend they welcome their daughter linda simone stevens. asks. every wants to know what exactly was leo whispering. the president >> pam: and firstly to spend time purse travel " to deliver the 90th birthday the also talk in germany and talk about ways in battling the terror group >> gary: sean livingston will start in his place clay will be of course carry if you believe the warriors left of the ham for the most part, her dream on. >> gary: this will not be the first time courteous if using game new year's eve offer 38 points. 16 assists lost heavy- duty in dallas came back knocked off the houston rockets looking to do the same thing tonight gore in the series. mark is on the scene we of course will get his insight >> reporter: a very a big night at the local arena. austria video to

that mackenzie was called to school by her 12-year-old daughter saying she was hassled by her teacher who confiscated her lacrosse stick and wrote her up for cursing when she refused to show a hall pass. >> we are doing what we can to ensure a safe environment for the students and staff. the incident that took place we are doing our best to make again. >> reporter: during testimony the teacher told the jury she was quickly surrounded, scared, couldn't breathe. when she came to, she was dizzy, had blurred vision, was hospitalized. it was ugly, she said. the mother faces up to seven years if convicted. the schoolteacher wants the nightmare to be over. jennifer mclogan, cbs 2 news. >> police also arrested mckenzie's 14-year-old niece for allegedly punching the teacher in the head. her case was heard in family court. >>> another times square character is arrested this time a minnie mouse identified as 32-year-old rena perez who allegedly demanded money from three women who posed for a picture with her and blockedded them from walking away when they refused to pay her more. perez was arres

we are joined by tom mackenzie. a very good day to you.tion data, a little bit more sustained stability economic story in china. tom: i think sustained is crucial in the question. we have had more positive data out of china. lower.a smidgen on the back of more positive manufacturing data and services data. ofve seen a strengthening the dollar. it is feeding into a more positive story on the surface at least. if you drill deeper, there are some questions. some economists have thought that if the bigger had been significantly above two before the -- 2.4%, the pboc would've put the brakes on. the pboc is still in play even though we do not know when. if you're chilling for the numbers -- drilling for the numbers, they spike up 7.6%. that is the highest food price hike on a year on year basis since early point in 12. early 2012. vegetable prices as well. you got the production prices, the factory gate prices. as julia mentioned, they have eased up -- as juliet mentioned, they have eased up. that could feed into better corporate profits. analys

guy: tom mackenzie, great interview. thank you very much indeed.e is assuming apple is working on a car. say --rl's going had to with carlos goes and had to say about that. let's go to caroline hyde. caroline: keep an eye on phillips because it could fall. earnings beat analyst expectations, this is the stock price over the course of 12 months. we are focusing on the news out today that they could push forward with an initial share sales. whether or not they sell the assets to a buyer, they could be looking at a night you -- looking at an ipo. at the same time, the share prices, we could see a sale of its unit. phillips earnings did seem to beat -- some earnings analyst saying maybe it was a little bit lackluster. maybe ca shares give way about 1% -- maybe see the shares give way about 1%. novartis is looking to sell its stake in roche. that is what is being reported at the moment. this is novartis and the white. white.he it has been another 4 -- another performer. novartis could gain. the chairman is looking. novartis to a not just to neutral. --

that's go to beijing where tom mackenzie is standing by.ased pork prices coincide with your arrival in china. we will ask you to come clean on that. give us the implications for pboc policy. great timing, wasn't it? part of thessential chinese food basket here. that rises the highest we've seen since 2012. vegetable prices also going up. this feeding into the rise in ,nflation we saw in march slightly below the forecast of 2.4% inflation, but it is now, focus is now on the pboc. the consensus amongst economists is that easing is on the table. we've seen strong data, this inflation target still below the central-bank target of 3%. commerzbank saying they still expect a cut in interest rates from the pboc this year and three reserve ratio cuts as well. guy: let me pick up, tom. to my mind, what is really interesting is what is happening at the factory gate level. the first rise since 2013. tom: absolutely. they've been on a deflationary cycle for some months. those prices have started to marchow, down 4.3% in from 4.9% in february. that has b

welcome tom mackenzie. it is his first talk exchange. so you guys, behave.ay in hong kong. this is the stock i am watching. japanese stock out of also the. if you are -- out of osaka. if you are familiar with rice zojirushi. first-quarter profit, up 21%. they have jacked up the full-year forecast by 26%. it has done a lot over the past year, 3% call it flat. it is not covered by a lot of analysts. angie: is it more domestic sales or do they export? david: it is a mixed. there are bright cookers made in japan, made in china, and they are cheap. i can't complain about the quality. rosalind: my turn now. hyundai motors, in. first-quarter operating profits expected to fall 19 percent -- 19%, according to kgb security. it is not the only analyst to predict the weaker outlook. first-quarter earnings are expected to drop, according to another financial market data provider. that's a lot of upside there. tom? tom: they operate tokyo disney resort. they have 30.1 million visitors last year. restaurants the around the resort. but the visitor numbers were down from the

and a performance from "american idol" finalist, mackenzie bourg. and anderson cooper joins kelly at the co-host desk.

and a performance from "american idol" finalist, mackenzie bourg. thank you.

. >> wheaton college history professor tracy mackenzie on the evolving war goals of the north during the civil war. >> and then at 10:00 on reel america -- >> how was it possible for america to achieve such production and at the same time build an army? then the amazing reports came in from our agents in the united states, 20% of american industrial manpower was woman power. legions of american women were massing to stop my advance across the world. forsaking the round of revelry for the grim tasks of war. >> this 1944 war department filling documents how women in world war ii helped the war effort alluding that the hidden army of american women are a main reason germany lost the war. sunday evening at 6:00 on american artifacts, we visit the daughters of the american revolution museum to learn about an exhibit. >> one thing that stands out at this time period is this creation of this imagery of the apotheosis. and the apotheosis is an old concept. it goes back to ancient times where a warrior is made god-like by lifting him up and celebrating him. >> on the presidency at 8:00 -- >>