in the market what does the spinoff enable alcon to do. >> the big thing is focus. are different from the pharmaceutical business. what we've struggled with is the agility and speed we need to operate with with cycles that are three, four, five-year development cycles very vsus a g development cycle. specialty focus on ophthalmology, developing the breast stuff we can for helping people see better. >> financial performance under novartis had been disappointing, although the results have improved in recent quarters. where is the future growth going to come from >> first of all, we have strong underlying trends. we're swimming with the current. we've got really good aging population that help our cataract and surgical business, a movement from monthly contact lenses into daily contact lenses which are healthier for your eyes i think to a large degree that's driving the fundamental business beyond that weave got new products like panoptics, a new lens you put in after cataract surgery. if you live long enough, you're going to get a cataract. we can fix that. there's a

this is their spin off of alcon, focusing on eye care.e ase president donald trump is imposing tariffs of $11 billion subsidies.ts over we are seeing other companies take a leg down like saffron, targeting tell -- helicopters and prysmian is down 2.5%, dealing with an issue in the west end link. anna: socgen may cut up to 1600 jobs globally. the losses will mainly be felt in the investment banking unit as a revenue slump bites. they are trying to improve the key unit's performance. joining us, our senior finance editor. socgen, not the only bank to be cutting back on headcount and costs at this time. give us some context around the number. jim: as was said a few weeks talked aboutof ubs the first quarter being the worst for investment banking in long time, so it has been dropping since then. a number of banks have either signaled or announced personnel cuts to reduce costs. matt: where do they want to reduce costs the most? what is the main purpose of this job cutting exercise? james: socgen is a specific case. they, along with their bigg

alcon surprised on the first day of trading in europe.pany reached a market value of about $28 billion. they want to expand to igo route -- eyedrops and glaucoma treatment. that is your latest bloomberg business flash. our stock of the our, we have a uva grad back with us to stock about the win report -- when resorts. -- wynn resort. shares are down after terminating preliminary talks. ley: you had some people from the casinos betting on the games last night. it was a little late, but i had to watch it and they won so it was worth it. they were pursuing a bid for crown resorts and terminated the talks because of premature details were released. through,deal gone analysts would have been skeptical. largely it was seen as a buy or be bought scenario. wynn has been heavily struggling, exposed to macau. gambling in macau has been falling, down for tens of 1% in march and that has weighed on the revenue. showing the slump in revenue been contending with, it is negative over the last quarter. it has been weighing on growth heavilythey are so ex

matt: novartis is plotting a faster course after spinning off its alcon eyecare business. drugmaker raised its profit estimate for the year as first-quarter earnings beat estimates. >> we have 26 potential blockbusters in late stage development. in our industry, as you focus as a medicine company, you have to make the best of your innovation power. your replacement power is strong enough that you can replace your patent. that is the bet we make as a company. we believe we have that innovation power. if you look at this year, we have three potential major launches already approved in quarter one. and we have five or six major readouts coming out over the course of this year. all of that taken together puts us in a good place. guy: big oil, a big focus. chevron beating estimates after slashing expenses, while exxon stumbled, posting its biggest refining loss in 16 years. -- 17 years. let's start with exxon, big miss. >> earnings came in at $.65 versus estimates of $.72. net income fell 49% year-over-year. they saw daily production follow -- fall below 4 million barrels a day

gender equality >>> getting back to one of the key corporate stories we're following this morning, alcon spinning off from nova novartis today they have begun trading on the 6 swiss exchange and will make their debut on the new york stock exchange later this morning. >>> italian firm nexi has listed its price between 9 euros and 9.50 euros it would be valued with the company expected to list on april 16th speaking of listing, pinterest has kicked off its ipo road show the social media platform set a price range between $15 and $17 a share for an initial offering of 75 million shares that values the company below the $12 billion mark set at its last round of fundraising in 2017 pinterest net loss shrunk in 2018, but the company remains unprofitable cnbc's leslie picker has more. >> reporter: pinterest kicking off its ipo road show on monday seeking an enterprise value as high as $10 billion. that's about $2 billion shy from its latest private valuation where it obtained $12 billion back in 2017 now, we are here at jp morgan where executives from pinterest met with the sales force on monda

after spinning off the alcon eyecare business, in 2019, this was drugmaker saw profits growing by a highrcentage. first-quarter earnings came in better than expected. they have been shaking up their strategy to spur growth. in the last year, they made three crucial acquisitions. we spoke with the company's ceo. >> what i do believe is that you need a consistent m&a strategy. inyou look at companies and the industry, they sign-up for consistent m&a strategy with a roughly 5% market cap. that is the range we want to do. viviana: that is the boom -- bloomberg business flash. geoffrey ared here, francine lacqua is in zurich today. peter, i want to go to the global litmus paper. the u.s. dollar has been remarkably range bound. what does the dollar dynamic tell us about what we have seen in the surgeon equity markets? markets? n equity peter: certainly volumes have not been all that substantial following this large move we have seen since january. i think that the correlation with equities has been relatively high. they both seem to correlate pretty well. have seen kind of a change in stance f

mueve la barriga se mueve y se estresa >>> mira los agarran asÍ >>> es muy estresante voy apretar alcÓnerlindo, este superfÁcil de hacer. con mis hijos y no sabes la maravilla. por favor >>> solo huevos enamorados y felices. todo lo expresan con emojis >>> no solamente que son caritas a ver niÑos cÓmo van? >>> miren, yo veo por aquÍ pestaÑear superbien. >> bastante avanzado y muy bien >>> te ayudo >>> perfecto cuando los niÑos tienen problemas con las tijeras >>> cuando tienen niÑos mÁs pequeÑos en casa >>> pegamento aquÍ >>> muy bien >>> la parte de las orejas >>> vamos a hacer las orejas que es la parte mÁs difÍcil del proyecto >>> pero no sirve para hacer manualid manualidades de platicar de pascua de los huevos del conejito y feliz dÍa de pascua para todos >>> gracias andrea por habervenido. >> a ti mi corazÓn >>> >>> atentos los fanÁticos porque despuÉs de su encuentro cercano con cÁncer de prÓstata nos confiesa cuÁl es su verdadero estado de salud >>> ademÁs todos en casa estamos disfrutando de la visita del coach de la voz luis fonsi seÑores. (aplausos) >>> hablaremos de la situa

crea grandes desafÍos para los padres que aman y cuidan a sus hijos hoy vamos a conocer mÁs detalles alcÓn encantada de estar aquÍ el autismo sina gama de condiciones que afecta el desafÍo en Áreas de habilidades sociales en comportamiento repetitivos en la habla y en la comunicaciÓn no verbal >> si hay algÚn padre ahÍ afuer que ve algÚn comportamiento quizÁs fuera de lo comÚn ¿cuÁle son esas seÑales que le deja saber al papÁ que puede ser o n autis autista? >>> sÍ, se pueden diagnosticar a los 2 aÑos muchas veces hasta los 5 aÑos que es una demora que estamos tratando de reducir >>> pero las seÑales que pueden buscar los padres son si un beÉe de 6 meses le falta el contacto visual o no tiene sonrisas grandes, a los 12 meses que no estÁn... o no les ponen a su nombre o tal vez no estÁn saludando con la mano y luego a los 16 meses si no hay palabras o solo pocas palabras. tambiÉn puede ser un signo de autismo. >> y a cualquier edad una pÉrdida de palabras, perdida de habilidades sociales >> ¿cuÁl es el estigma mas grande acerca de las personas que padecen esta condiciÓn del autismo? >>> ent

de autores y demÁs y editores de espaÑa y ellos toman la decisiÓn de retener los derechos de autor alcÓn por estar co nosotros sabemos que usted es experto. >> en esta Área pero antes que empecemos a preguntarle sobre el tema >> carlos vives estuvo aquÍ con nosotros hace un par de dÍas y hablÓ sobre su punto de vista y vamos a escuchar >> vamos a hablar de la bicicleta que ha sido todo un Éxito >> es que te tengo que preguntar sobre la bicicleta >>> es que lleguÉ canalsado >> ¿a quiÉn le estÁ llegando el cheque de la bicicleta? es una locura >> que tenga que preguntarte te robaste esta canciÓn? >>> no, no soy ladrÓn de bicicleta. >> pues es lo que dice carlos vives >>> ahora cuando shakira y carlos vives estÁn siendo hasta cierto acusados por una situaciÓn de esta es porque hay fuertes evidencias y ya se tienen que presentar ante la corte >>> no necesariamente. >> si esta acusado puede servir como testigo >> puede aparecer y tendrÍan que mostrar evidencia que no un culpables pero en la mayorÍa de los casos que shakira no es la persona responsable por la canciÓn ni la letra. >> ¿quiÉn ser

. >>> eyecare company alcon is making its market debut today.rading in switzerland and will begin trading on the new york stock exchange under the symbol alc. >>> tension at the u.s./mexico border recent days is beginning to impact parts of the american business community one sector that relies on seamless trade is the auto industry, and it's starting to hurt phil lebeau is on the squawk news line. tell us the latest >> reporter: andrew, yeah. the latest comes from the head of the mexican auto association, basically an industry trade association. and late yesterday, he said when you look at the delays in terms of goods that are going across the border, whether from mexico to the u.s. or u.s. to mexico, there are serious delays and by serious delays, we're talking about goods, whether it's auto components or parts, et cetera, that are not getting through the border in 45 minutes to an hour, which is usually the case, but five, six, seven hours is how long sometimes it takes for them to get through the border and this has a ripple effect for the a