these programs help nurture the demographic to shape the future of the american economy. the urm program consists of local programs nationwide network to find refugee minors homes and futures in america. the program that found carlos a home is lutheran social services or lss. we met with the clinical supervisor. >> we have trained the families, worked with the kids, and also try case management. we basically do that, but it is a specialized program for unaccompanied dues from other countries. all those services that a traditional kid in foster care would get, but knowing that there are a lot of cultural differences and things like that, the idea that they are getting prepared for when they age out of the foster care system, they are ready to live when they turn 21. >> recently, through an executive order by president obama and a new budget passed in the house, funds are being allocated to stem the flow of immigrants to the country, and over 5 million immigrants will be able to gain citizenship. large sums of money are being used to support a large number of child immigran

>> i'm very bullish on the productivity on the american economy, the innovation. processing data that is the greatest american asset and the greatest world asset. we're now living in a global world. i think that that's going to create a fabulous fabulous movement. i am -- where i think it's terrible is the quality of the decision making in government and how the government works. i think that that's largely a dysfunctional problem, and i think that, you know the stepping back and seeing things on that higher level becomes a challenge. but when i look at the american position vis-a-vis the rest of the world, many of the things we take for granted, a legal system that works, capital markets that work all of those competitive advantages and a culture of innovation which came from immigrants people of all different types who come together and understand each other and tolerate each other, that's uniquely american, and so i think i'm very bullish for the development of productivity. the tailwind we're going to have to deal with is the tailwind of the debt situation. it

i think you want a safe and strong american economy and also a peaceful world. and if it will not be us, who will fill the void left by a dilapidated american military? will it be china or russia? the answer to those questions is yes. i prefer to see america filling the vacuum. that is the conversation we will have. it is not an economic driver but i think piece is an economic driver. that is what we are looking for with a stronger american military. guest: the budget deal does not deal with entitlement reform. on twitter, raise the cap on social security before the start. guest: that is one solution. what we talked about is the next generation of wealthy, young individuals, mark zuckerberg, a facebook billionaire that he pays into social security and will draw that money out. we want to look at the top end. if they made more money, let them draw a little less or all the while, those who paid in in the middle-class if you make those shifts in the way social security works, you get the same net outcome and save social security. a different way to do it but the ric

americans are feeling more optimistic about the economy. according to a new bloomberg politics poll, one third of americans say the economy will get stronger, while just one fifth say it will get worse. the poll found more optimism about the prospects for jobs, housing, and health care costs compared to last june. the poll also found americans give president obama's handling of the economy its best marks since 2009. it's now 49% positive, 46% disapproving. not that great, but better than it was. that's for sure. we'll be right back. a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do

americans are feeling more optimistic about the economy. cording to a new bloomberg politics poll one third of americans say the economy will get stronger while just one fifth say it will get worse. the poll found more optimism about the prospects for jobs housing, and health care costs compared to last june. the poll also found americans give president obama's handling of the economy its best marks since 2009. it's now 49% positive 46% disapproving. not that great, but better than it was. that's for sure. we'll be right back. >>> welcome back to "hardball." angry over the now legalized influx of millions of dollars in dark, secret money into u.s. elections, a florida postal worker flew his one-man helicopter into washington's restricted air space, buzzing the washington monument and then setting it down right on the lawn of the u.s. capitol on wednesday. homeland security secretary jeh johnson says the home-built craft traveled undetected. >> this individual apparently literally, flew in under the radar, literally. >> were you satisfied wit

trade agreements are bad for american workers in the economy. there is a ledger. there is a history here. earlier today, richard trumka testified during the hearing on trade. he said this is about the tpp and jobs. >> a climate without a border adjustment, tpp will not stop manufacturing from closing up shops in the united states moving to tpp countries with no carbon reduction scheme. in fact, it will encourage china, not a member of this agreement, to move dirty manufacturing plants to countries that are partners to this and be able to send dirty products back here to the disadvantage of american producers. >> trumka and other union leaders have a number of other concerns with the tpp. the deal's investor state settlement would allow multi-national corporations to undermine american law. think about that. does that sound good? does it sound good that the people that work in this building behind me would really have no say over authorities from another country that want to do business in america, and because they're not making the kind of profit they want to make

we're going to use them on the debt or give them back to the american people or whether you want to spend it but you can't have a stagnant economy. it is not good for anybody. it's not good for your constituents. you need somebody to stand up on a national basis and explain the truth to people. explain to the american people that they are deliberately being kept in a slow growth economy that's depriving them of opportunities. i know what i'm talking about. when you increase the taxes on investment, you get less investment. people know that. members of congress know that too. the time has come to take it over their heads to the people, someone who can talk to the people about the opportunities they miss. i think it is a tragedy what is going on with young people. 48% of young people are working in jobs that do not require a college degree. i said that to you. you know what a tragedy that is? every year america renews itself when people come out of college. we can't continue to stunt and stall young people who are not getting a fair start in life. this is the discussion we have to have with the people, and they'll take it to the c

small business is the backbone of the american economy. here in new hampshire, 96% of all businesses are considered small businesses. and they employ more than half of the workers, the employees in the state of new hampshire. so new hampshire is a perfect example of what it takes to start and grow a small business. i come from a small business family. my father had a very small business. he printed drapery fabric. in a print plant. and he did much of the work himself, sometimes with day laborers, with my mother, my brothers, and me, taking the squeegee, you go down, you go to the next, and you keep going. i saw now there is a machine that you just bought that is printing on all kinds of material, and i'm thinking back to those years at my father's plant. but he made a very good living because of his hard work and his absolute willingness to do whatever it took to design, to produce, to sell the products that were at the heart of what he produced. and so from my perspective, i want to be sure that we get small businesses starting and growin

about an hour ago we got numbers that showed the american economy grew a fraction of a percent over the winter, more reasons to not raise rates >>> what's wrong with this video about mark zuckerberg? it's not really like it. it's a wax figure. steve jobs is there as well. now, the museum wants to know who else should they add? they're conducting an online poll. among the candidates we have ma prettia myers p.woz, elon musk. frank open hyper, some of the more dark horses. i don't know how it would be anybody by woz? >> place your bets. >> absolutely. >> how about a lady, in fact? >>> well, we know that silicon valley what is contributed so much mere, but what about a sign to prove it? hollywood, south francis, they both have landmark signs, but what do you think about a silicon valley sign? >> originally called silicon valley. bob redell is in san jose with that. where would it go? >> reporter: well, the idea is to go in the east foothills of san jose or milpitas. going on your train of thought, new york has the statue of liberty. seattle the space needle, but the capital of the technolo

the fed has a lot of concerns about the american economy. the strong dollar stunting economic growth. sluggish wage growth. interest rate hike could come later than expected. stocks love the fed's easy money. the third longest bull run in history. half of americans are not invested in the stock market. 52% of americans are not in stocks, including 401(k). most say they don't have the money to invest. that's why so many people haven't been able to enjoy the record run because they have been on the sidelines. >>> the u.s. and iran are making duelling sides of war in yemen. secretary of state john kerry is on the record with a new message to iran. we are live after the break. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five but now is a good time to get the ball rolling. keep in mind medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company

the more you innovate and invest into the american economy the lower your tax burden will be. that was the purpose of our pro growth approach to this matter. >> marco rubio yesterday after rolling out his tax plan, he's riding high after his monday announcement that he is officially running reports. reports indicate he's raised $1.25 million in the first day of campaigning. it is quite a hall but it could pail pale in comparison with what hillary raises. >>> many saying hillary clinton has been avoiding the press. any word on when she is going to field tough questions and face the music? >> whenever she feels like it. it is up to her in terms of when she wants to. her campaign said she is looking forward to it. she is looking forward to talking to the media. any time the media shouts questions at her or asks to have an interview with her they will turned down. we will all have to wait with baded breath together. >> maybe we will have to wait until she debates with one of the other candidates. >> the time is 20 minutes to the top of the hour. the president called for credibilit

this is about having a commitment to the american economy. and protecting the very workers that do what? pay the taxes. that support our government. that support our military for freedom. and we're going to take them and throw them under the bus? for national security? really? we're going to do a trade deal with brunei. brunei. let's see. shari'a law. what do the republicans think about that? they don't care. they're all about the god almighty dollar. this segment is called "straight talk from the heartland." and let me say one final thing about this to you farmers out there. there is a provision in this trade deal that obama's not talking about. that will force us to take agricultural products from other countries. do you think that might depress your prices in the foreign country? do you think you're going to be able to get a really good farm bill after this? i doubt it. get your cell phones out. i want to know what you think. tonight's question -- do you trust president obama on the tpp? go to pulse.msnbc.com/ed to cast your vote. i'll bri

american dream. and they are the ones that are getting hurt right now under the obama economy. : people are interested in your identity. when you filled out your application to princeton harvard law school, did you list yourself as hispanic? senator cruz: sure. i listed myself is cuban-american. that is my background h. al: let's stay on the immigration issue or do if elected as president, would you repeal president obama's 2012 executive order on dreamers, you ng immigrants who came here and met certain conditions. would you repeal that? senator cruz: i have committed if i'm elected president that on the first day i intend to rescind every illegal and unconstitutional executive action that president obama put into place. one of the greatest negative consequences of the obama administration has been the injury to rule of law. we have never seen a president who so routinely declines to enforce the constitution or enforce the law. if you want to see - al: with that include the dreamers, sir? senator cruz: if you want to see positive improvements on immigration or any other topic,

these indicate that we can have a lot of confidence in the american economy. >> reporter: president says parts of the globe have seen parts of their economies weaken particularly in europe and asia and that's not helpful here. >> that's why we have to redouble our efforts to make sure we're competitive and we're doing the steps we need to make sure we're successful. >> reporter: obama was at hill air force in utah, where he announced a pilot program to install soorl panels by 2020. job statistics for january and february were revised down by 69,000. wage growth is limited and any benefit from cheap gas and the recent job gains have yet to be found in the economy. good news that the markets were closed for good friday. likely feel the heat on monday when investors return. indeed. and the monthly jobs report is the single most important report on the economy that we get each month. and the anticipated and actual number barring a miracle there's liable to be a lot of red ink on wall street on monday. >> thank you john. in kentucky, a moct and child remain missing -- a mother and child remai

we have to do things to help the american economy grow as individuals and employers. as a part of reform, i believe we should take major portions of the federal government and send it back to the states. the congress and the houses talking about in the ryan budget plan about medicaid. i would go farther than that would block threats. i -- with block grants. workforce development, issues like that. the spectrum of things that the federal government does. send it in block grants to the state. more accountable to the public. it gives you the leeway every flexibility to look at the big issues like -- and the flexibility to look at the big issues like entitlements and areas were we need to spend more money like the department of success. governor sununu get a good job. [applause] governor walker: governor sununu did a good job of summarizing that but you look at the navy as an example. we are down towards 250 vessels less than half of where we were under reagan. there are real challenges to us to protect ourselves and our interests here and around the world. i do think we

>> dc ruin for the american economy in the future? >> not immediately. but it is a concern because it is rarely a free lunch with 5,000 years of monetary history with people trying to inject more money it is not a bad theory was to give people money so they spend their way out of the recession but the problem is like 18th-century france have reduce stick with the policy or shrink monetary supply? so as milton friedman says the dollar has value because people believe in it. it is a confidence game. in 2008 we were questioning the u.s. government. that people were still courting dollars. so one side the system was falling apart but then they held the dollar because there is no place to invest. it is a great place to do business. to be very bullish on america but somewhere raising rates that is the best example is you can't keep rates too low for too long. >> great answer. >> in the riding of the book has that changed your personal relationship? >> a little bit. so with wall street we could do was much as we came and. and his important to reflect on money t

now if you look at these last seven years from 2008 to 2015 the american economy has had a reduction the unemployed and there has been a growth in the gdp. the european economy had an increase in its employment in unemployed, and gdp went down. something just did not work at home. this is why i believe that the experience of the united states government is a model for the european economy, and that we have to be very careful about budgets, about the limitations, about our commitments, but we have to go through a new season of growth and investments. in 2014 we started with the first provisions. there's still much to be done. the american leadership for me is a point of reference. we also spoke about libya, as the president said. i just had a meeting -- during this meeting, i am convinced that the united states and i, the president and i are fully on the same page. in the next few weeks, we will see that we will reach the fruits of all of this commitment. everything that happens in the mediterranean sea is not merely something that has to do with security and of course it is but at th

olivia will go beneath the headline data about the american labor economy. the terminal. here is a trend in the unemployment rate 1995 to beginning of the crisis. this is when alan krueger went to the white house. the crisis deteriorated -- not true. an improvement here. down to nairu. nairu, do we have a clue where there's economic concept is? jim: the fact that policymakers are having to change their mind tells you this is an empirically based concept. we will change our minds as we learn what is going on. at 25 years we have two observations of where the unemployment rate got down to at the peak. we had no inflation problems in the late 1990's. we do not really know, we change our mind as we see what is happening. tom: that gets you set up for the jobs report. what we do know is we have a data check. some markets open, many not. dow closing yesterday. two-year yield, 0.53%. to four digits in a little bit shoving lightness and the estimates as we get in 14 minutes. olivia: this is bloomberg "surveillance," on olivia sterns with tom keene. some top headline

unleash the american economy. john kennedy a rising tide with -- you get the economy to move, the entire workforce incident and the american people go forward. yes. he is coming over and with the mic here >> last question. >> during the last election, republicans in congress ran on europe republican workers to give them the majority. now you have the majority. the voters and all the people who work here delivered that majority to you. what do you think you've done? you disagree with shutting down the government which i disagree with you, because you won the majority. how did that ruin anything for republicans? i just want to be positive. what do you feel the republicans who we gave the majority to them what have they done to stop obama's unlawful and unconstitutional -- [indiscernible] representative king: i disagree with you highly about shutting down the government. any consultant you talk to come any candidate running cap every analysis shows that that hurt the republican party. we won in spite of that. what sa

the american economy is on track. more than 3 million jobs added in the last year, and a stock market hitting record highs. none of that seems to change the reality for millions of workers desperate for their share of the nation's massive wealth. thousands in cities across the country came out to protest low wages. the intent was to focus on the flight of fast food workers, others trying to make ends met joined the protest in solidarity. like adjunct professors and freelance professionals. they demanded a federal minimum wage of $15. >> reporter: agneses has a long come ute. spending $15, taking two buses taking two hours. she makes $10 and hasn't had a raise in a decade. >> we are struggling, struggling bad in the city. we need the $15. foot went up reasons rent went up. >> we need $15. the fight started with fast food workers, and increased to workers like agnes we need to put a demand on the stable to enable us to take care of our families. a lot collessed around $15 as a pair minimum. >> in response to critics mcd

we will argue on whether we use them on the debt, or give them to the american people, or spend it, you don't want a stagnant economy. you need someone who will stand up on a national basis and explain the truth to the people. explain that the american people are deliberately being kept in the slow growth economy that is depriving them of opportunities. i know well i am talking about. when you're increased taxes on investment, you get back investment. people know that. people congress know that too. it is time to get someone who can talk to the people about the opportunity they are missing. i think it is a tragedy what is going on with young people. 48% are working in jobs where they don't even require a college degree. you know what a tragedy that is? every year, america renews itself when people come out of college. we can't continue to stunt people. this is the kind of discussion we need to have with the, and they will take it to the congresspeople, but you have to hold their feet to the fire that growth must be essential to the night states. to our national security too. [applause] yes, ma'am. go ahead. >> is is

the american economy should be so lucky as to be like it was in 1999.he clinton era year was possibly the greatest peacetime in our history. low inflation high employment. oh, pad wa i know how you want to have a choke and throw it out but it's rubbish. but other than that, inspiring the personal story, hard work and the american dream. >> part of why yesterday is so successful is she's look like she's having fun and doing for her new stuff. we've never seen her get a burrito before. >> jon: i'm sorry. i meant anyone would have found rubio's story compelling were history not being made at an ohio chipotle. ettes going to be a long (bleep) election. we'll be right back. (cheers and applause) the new s6 hits the stores and i'm like... whoa. open the box and... (sniffing) new phone smell. jump on a video chat with my friend. he's a real fan boy, so i can't wait to show this off. picture is perfect. i got mine at verizon. i... didn't. it's buffering right out of the box he was impressed. i couldn't be happier. couldn't see him but i could hear him making fu

joe: has the american economy been working for most of us? gdp has been good.o 1980. it has been going up. when you look at the middle income adjusted for inflation is lower than it was 25 years ago. something has happened to the american economy so it is not working for most of america. tom: one thing you do that is great, you show a prescription. your prescription is a surprise. you look to singapore. a very different economy, australia, people getting inequality in the battle over inequality, what do they get right? joe: they have recognized that any quality is a matter of choice. it is a result, not just of market forces. the way we shape those market forces and what we do with them can make a big difference to the nature of our society. what they succeeded in doing in australia is they said every student in their country can get access to a college education a program called income contingent loans. you borrow money. if you go into teaching, you pay less than if you go into banking. tom: how do you respond to the criticism all you want to do is raise taxes

the american economy should be so lucky as to be like it was in 1999.t peacetime in our history. low inflation high employment. oh, pad wa i know how you want to have a choke and throw it out but it's rubbish. but other than that, inspiring the personal story, hard work and the american dream. >> part of why yesterday is so successful is she's look like she's having fun and doing for her new stuff. we've never seen her get a burrito before. >> jon: i'm sorry. i meant anyone would have found rubio's story compelling were history not being made at an ohio chipotle. ettes going to be a long (bleep) election. we'll be right back. (cheers and applause) ♪ ♪ stop dreaming. it's time for the volkswagen stop dreaming start driving event. get a $1000 volkswagen credit bonus. hurry in, during the final days of the volkswagen stop dreaming start driving event and you can get 0% apr, plus a $1,000 volkswagen credit bonus on 2015 jetta and passat models. don't wait.offers end april 30th. woman: it's been a journey to get where i am. and i didn't get here alone. there

we have to do things to help the american economy grow as individuals and employers. the things i outlined earlier in the comments. then as a part of reform, i believe we should take major portions of the federal government and send it back to the states. certainly the congress and the house is talking about in the ryan budget plan about medicaid. i would go farther than that with block grants. i would look at the medicaid, other social services, transportation, workforce development, things like that. the spectrum of things that the federal government does. send it in block grants to the state. more effective, more efficient more accountable to the public. it gives you the leeway and the flexibility to look at the big issues like entitlements and also to look at areas where we do need to spend more money like the department of success. governor sununu did a good job -- [applause] governor walker: governor sununu did a good job of summarizing that but you look at the navy as an example. we are at 275, 280 vessels right now, we are having horse 250 -- heading towards 2

the longer term trends, and those trends indicate that we can have a lot of confidence in the american economy. at the same time this report does underscore how important it is here in washington for policymakers to be constantly looking for policies that will be in the best interests of the middle class in this country. the president believes two examples are we do need to make a longer term investment in infrastructure. the second thing we can do is make sure that we are not in a position at the end of this fiscal year where we fund the government at sequester levels. what the president will do is redouble his efforts to get congress to make smart investments in washington to make sure we support the private sector leading the recovery. >> here's how the report breaks down. the 126,000 jobs added in march were the lowest in over a year. that snaps 12 straight months of adding 200,000 plus jobs monthlily. unemployment remains steady at 5.5%. the labor force participation rate sits at 62.7%. analysts blame the decline on bad weather and a reduction in hiring connected to falling oil prices. >>

and the american economy for years has been driven by domestic consumption by the american middle classtechnology come -- combination of technology, a combination of the effects of other trade agreements, the changes in laws, a whole range of things have contributed to that. basically i would identify , changes in technology that the american middle class experience is not unique. what is going to give them a chance to drive prosperity and income growth in the future? there's only one thing, the acquisition of access, the product you produce to another middle class. in asia that now stands at $580 million. in 10 years time, it will be $10 -- $3 billion. it will be 60% of the world's middle class. you will prosper in this country if you can access that fairly for your product. you will not prosper if you cannot. mr. kempe: that is wonderful mr. ambassador. it's rare that you have someone who has been both a defense minister and finance minister. and so you heard him speaking as both. for those of you who are tweeting, happiness of america is in australia's national interest. [laughter] c

the american economy should be so lucky as to be like it was in 1999.the clinton era year was possibly the greatest peacetime in our history. low inflation high employment. oh, pad wa i know how you want to have a choke and throw it out but it's rubbish. but other than that, inspiring the personal story, hard work and the american dream. >> part of why yesterday is so successful is she's look like she's having fun and doing for her new stuff. we've never seen her get a burrito before. >> jon: i'm sorry. i meant anyone would have found rubio's story compelling were history not being made at an ohio chipotle. ettes going to be a long (bleep) election. we'll be right back. (cheers and applause) sooo, you're all set to book a flight using rewards miles from your airline credit card. but then the illusion begins. the flights you really want - surprise - they're not available because they cost a ridiculous number of miles. enough is enough... switch to the capital one venture card. with venture, you'll earn unlimited double miles. and using those miles is eas

schoumacher: by 1922, recession turned to recovery for virtually every sector of the american economycept for the farmers. attempting to raise their income, they produced more and more. why didn't their productivity pay off? well, the great demand that had built up during world war i -- both on the part of americans and on the part of our allies -- was a singular, one-time demand. but those people who had opened up somof these marginal lands, who had had little experience in big-scale farming now found themselves in a terrific "cost-price" squeeze. they tried to produce more and more, too. so as more and more was produced by all of these farmers, the surpluses piled up. as demand abroad continued to decline more surpluses piled up. so that the surpluses piled up and piled up, and eventually we were in a chronic surplus situation. schoumacher: the surplus drove market prices down and now only thmost efficnt farmers cod meethe cost of production. in less than aade,the haes forced nearly 1 1/4 million hard-working marginally productive farmers to leave their homes. it was the abandonment

on protection of intellectual property, which helps to promote innovation that americas the american economy strong and other areas that will make if much more than an ordinary free trade agreement. it's being referred to as a progressive trade agreement. in the sense that it supports american values. so the economic argument -- americans need to be convinced this guess for them, and actually recent polling suggests that a majority of american does believe that exports are good for them and that trade can be good for them. but of course, there is a lot of concern about globalization stagnant wages. those concerns are real, which is partly why we need to make sure that we are in the lead establishing a level playing field. we believe once we have that level playing field through the rules, america can do well and can beat the other countries in terms of being able to sell our goods. on the geostrategic, which links with the economy, first of all, the products we make and sell the openness of our economy, kim was speaking earlier how much american investment there is in asia. all of these pack

the case also illustrated the way the american economy in t past had permitted business to overlook theial and vironmental costs of iustriaenterprise costs whdot often show up in a firm's ttom line. wesked economic analyst richard gill to explain why the governnt shod get volv in cases such as this. the government has toet invol because a market economy can't hand them. even the most devout proponents of a private ee enterprise system recognize the need for publicnterntion in situations like that illustrated byhe reserve mining case chnically speaking the problem is wt economists call negative externalities ofroduction. is is ratherncy jargon but the central ideais clear. when a business fi produces ironor a other productitasertain costs -- wages, rent for land and so on -- that is has to pay for. but it also may impose other costs on society -- in this case, the pollution of lake superior -- for which it does not have to pay. thescosts are external to the firm and, indeed, eernal to the supy and demand ice systemenerally. this is impoan because usuay economists are quite imessed by the

you do, we would set a limit, congress would, a limit on how much regulations can cause the american economy. agencies would have to get under that number every year by reducing regulations. it will force them to undertake a cost-benefit analysis, and that is something that is not happening now. the gun have to get rid of the old regulations of they want new regulations in place. most of all, what it would do is massively regulate the regulatory space, bring them under the impediments that it now places on the growth of our economy. beyond that, i would argue that what you pointed to is not just an annoyance, it makes us uncompetitive. companies and investors to try to create jobs look at these things as the conditions of doing business in the nation. it is not attractive for our country in an era of global competition where you have a national labor relations board that is imposing upon small businesses, which is not own by mcdonald's, its own by an individual, requirements the have to meet which makes him uncompetitive in respect of the rest of the world. it's one more example of how the r

the economy, first of all the products we make and sell, the openness of our economy kim was speaking earlier how much american investment there is in asia. all of these packets of our economy help to build our partnerships with other countries strengthens those partnerships. at the same time our leadership in developing and promoting and working with others on the agreement, is -- helps to strengthen and deepen those ties, and if you allow me -- we'll hear from our nation's chief diplomat on this, but i would like to remind everybody of what the secretary of defense, ashcroft says just a couple of weeks ago itch he asked to choose between pp and an aircraft carrier, we choo tpp. from his strategic perspective how to keep america safe and strong. >> but wouldn't be able to land jets on that. >> he can do more than land jets on it. tpp does more than that. >> that's a good segway to the general. the -- how do the me a recents feel about the choice between aircraft carriers and tpp and that's kind of a frivolous, but underlying serious question, you gave a speech to the national defense industry -- industrial as

treasury secretary jack lew says the american economy can't be the only one driving global growth. commented on the strength of the u.s. dollar. >> if you look at the u.s. economy, the relative strength compared to other economies around the world, it explains what the currency valuations are. it is coming from our strength and less strong economies elsewhere. i'm focusing on the need for other economies to be stronger. jonathan: jack lew will be focusing on one economy that needs to get a lot stronger tomorrow when he will meet with greek finance minister yanis varoufakis. america now owes more money to japan than it does to china. new data shows japan has become the biggest foreign creditor of the u.s., holding just over $1.24 trillion of debt. the u.s. still has the biggest holding of treasuries worldwide. now to one of the big top stories. corporate news. netflix shares surging after hours to a new all-time high after the company reported first-quarter earnings that crushed expectations. the company's value will exceed that of cbs. caroline hyde has the details. caroline: check

berea college couldn't do what it does without the strength of the american economy and the financialt have built an endowment would be basically meaningless or at least they couldn't be leveraged at all if we were not in a situation where markets produce the kind of returns that they do. of that $1.1 billion, only $500 million was actually given to us in the form of gifts. the rest is all the result of careful stewardship and not spending all the returns, reinvesting some of them. so we really have figured out how to leverage the generosity of the american public and the strength of the american economy in order to provide an education to students who otherwise wouldn't be able to go to college. >> and a strongly faith-based institution as well. it's a fascinating story. thank you so much for being here. congratulations on what you're doing. >> thanks so much. it was a pleasure. >> the president of berea college in kentucky. >>> zynga's shares are reopening. they're plunging after it was announced the ceo would be replaced by founder pincus. shares down 8% after hours. >>> the apple

mark: last year the imf said latin american economies will grow the weakest pace since two thousand ninecymakers should avoid the temptation of being overly aggressive with monetary stimulus measures. you agree with that assessment? >> i agree with that. it is important to take into account when you take out latin america, that is very much influenced by brazil. brazil is going to have a harder road. the countries like columbia are growing. we will grow less this year than the previous year, but we will continue growing. and we will adjust to the lower oil prices which means we have to extend the euro growth expenditure. mark: if there is a peace deal with the rebels in colombia, what impact will that have on the economy? >> it will have a positive impact in many ways. in terms of growth it will have higher growth. in terms of how much to quantify the impact. mark: how concerned should latin america central banks the about what the u.s. federal reserve bank does? >> it is important, but i think we have to take into account the conditions of the high interest rate in the u.s. and conditio

now, consider that small and medium-size businesses, which are the backbone of the american economy by the way, they face a , unique set of challenges when they're trying to increase exports. for example, health enterprises in massachusetts ships consumer healthcare items to more than 60 countries, but it is hurt by bureaucratic issues such as costly reregistration process in the eu. the seattle-based cascade designs company exports outdoor equipment, recreational equipment, but it faces high tariffs in tpp countries. an agreement could change that enabling both exports and , payroll to grow. concorde supply in san antonio , texas is a seller of , industrial materials and it depends on patent enforcement to keep its innovative products from being ripped off. more generally, the u.s. is the world leader in many service industries and therefore stands , to gain significantly from greater openness in that sector. the list goes on. it's a long list. our companies need agreements that will reduce both tariff and nontariff barriers to trade. thereby enabling them to participate more fully in

we're going to use them on the dead or give them back to the american people or whether you want to spend it but you can't have a stagnant economy. it's not good for your constituents. you need somebody who is going to stand up on a national basis and explain the truth to people, explain to the american people that they're deliberately, deliberately being kept in a slow growth economy that is depriving them of opportunities. i know what i'm talking about. when you increase the taxes on investment, you get less investment. people know that, and members of congress know that, too. and the time has come to take it over their heads to the people, someone who can talk to the people about the opportunities they're missing. i think it is a tragedy what is going on with young people. 48% of young people are working in had jobs that don't even require a college degree. i said that to you. do you know what a tragedy that is? every year america renews itself when people come out of college. we can't continue to stunt and stultiify young people who are not getting a fair start in life. this is the kind of discussion we have to have with the

if you look from 2008-2015 the american economy has had a reduction of the unemployed and there has been a growth in the gdp. the european economy had an increase in employment and its gdp went down. something is not working at home. this is why i believe that the experience of the united states government is a model for the european economy. and that we have to be very careful about budgets limitations and our commitments. but we have to go through a new season of growth at the same time and investment. in 2014 we started with the first provisions and there is much to be done. the american leadership for me is a point of reference. we also spoke about libya as the president said. i just had a meeting -- during this meeting i am convinced that the united states and i the president and i are fully on the same page in the next few weeks. we will see that we will reach the fruits of all of this commitment. everything that happens in the mediterranean sea is not merely something that has to do with security. of course it is but at the same time it has to do with justice and the dignity of ma

. >> rnc released a statement, that said in part women transformed the american economy should receive equal pay for equal work, they have to back it up, pass pay chick fairness -- paycheck fairness act, they kept making excuses why they don't want to pass it, i want to respond to what caylee said about hillary clinton, buzz feed did a study on hillary clinton a staff, women were made the same as men, a median salary about 43,000, on average, women made a little bit more. kennedy: do you think -- was lying? >> i don't know what statistics they use, i trust buzz feed. kennedy: over federal. >> i think they are more fair. >> fair. kennedy: caylee, let's talk about some of this stuff, if women take time off, sometime years at a time to have families, a choice i support, and often -- this is something that women need to work othey don't negotiate the higher salaries, that men naturally do. a -- ceo is woman, said we should not have salary negotiations at all because men are better at it, this is a horrible solution. >> i think you are right, you make the point, women who take leave then co

the $19 billion central american economy that has struggled from everything to gain violence his beentrength and the president hernandez specs to be viewed more positively by credit rating companies. those are the headlines in latin america. mark: joining us from mexico city for today's latin america report. more coming up as we speak with a bloomberg reporter who interviewed the company's chief financial officer. that report is straight ahead. also coming up, oil and gas tech -- oil and gas players are keeping oil out of the market by not turning out tickets to nearly 5000 wells. those details, my colleague will join me when we return. ♪ mark: welcome back. more now on the petrobras loss. they reported a record loss of over 6 billion lori a, or about 2 billion u.s. dollars. what are the details from the other earnings report? >> after five months of delays there was 5 billion in losses last year. the first annual loss in more than 20 years. despite the loss the market celebrated the approval of after five months delays that they can now gather all external -- external auditors to sig

and he wanted to create an american economy that would make it possible for poor boys and girls to risetradition led to the early republican party and that modesty or belief in social mobility are the two starts and i think that they make me a left-wing republican but certainly a moderate conservative in that category. c-span: when she hired you for "the new york times", what did she have you represent? >> guest: they didn't have any category, there was no assignment with what i was supposed to write about. obviously i was a conservative hopefully one that readers can stand, i come from new york. but the times gives us freedom. we are copy editors and we have people who edit, but we do not have any reviews and we are not told what to write about. we are free agents and we can do whatever we want. c-span: we have an ability on our site to go in and read this and we are about out of time what book would you recommend that you have read i don't care when, to want that wants to get into this world of thinking? >> guest: i would read an essay called hedgehog and the fox. the fox knows one th

now, if you look at these last seven years from 2008 to 2015 the american economy has had a reduction of the unemployed. there has been a growth in the gdp. the european economy had an increase in employment in unemployed and gdp went down. ing and just did not work at home. this is why i believe the experience of the united states government is a model for the european economy and that we have to be very careful about budgets, about the limitations, about our commitments. at the same time we have to go through a new season of growth and investments. in 2014 we started with the first provisions. there's still much to be done. the american leadership for me is a point of reference. we also spoke about libya as the president said. i just had a meeting. during this meeting i am convinced that the united states and i, the president and i, are fully on the same page. in the next few weeks, we will see that we will reach the fruits of all this commitment. everything that happens in the mediterranean sea is not merely something that has to do with security. of course it is but at the same ti

the dollar has a bit of an impact on the american economy. the euro 1.0678. yen 119.48. o'neil on brazil and cuba, next. ♪ >> this is bloomberg "surveillance." tom: the mystery is how much cash does greece have left. the answer is not enough. eu finance ministers gather in riga latvia. we consider the future of cuba amidst a complex latin american calculus. shannon o'neil joins us from the council on foreign relations. now what for brian roberts and comcast? this is bloomberg "surveillance," live from our world headquarters. friday, a pattani for. -- a pattani for. -- april 24. i am tom keene. top headlines. here's olivia. olivia: this was supposed to be the crucial meeting for greece and european countries who hold the purse strings. meeting in riga and growing more frustrated with greek prime minister alexis tsipras. tsipras was supposed to come up with economic reforms needed to unlock $7 billion in bailout money. minister say they are still wide differences. the eu economic commissioner talked about what he hopes to hear. >> the overall issue is about the review of t

in a way that is disadvantageous to american workers and american businesses and the broader american economy. for those wondering why has the president made the transpacific partnership such an economic priority i think we'd point to the recent gdp numbers as an indication of why it's important for us to be vigilant about seeking out opportunities for american businesses overseas. >> trailing off of that i know that some of the big issues that president obama and prime minister abe were hoping to discuss yesterday was discusses that exist on tpp on specifically on autos and rice. i'm wondering in there were breakthroughs or progress on that. i asked a couple days ago about whether the president would raise the issue of comfort women and satisfy some of south korea's concerns? i don't think that the prime minister did that but i wonder if president obama raised the issue? >> i don't have a detailed read than you have already received. as they stated in the rose garden, they did feel as if they had a productive discussion about some of the remaining issues that need to be negotiated when it co

. >> it's not about leg eights it's about what's good for the american public for us for so you are aeft and economy. and americans do not trust the iranians by a large majority, 55% say you can't trust anything, 28% say you can only trust a little of what they say. >> there's a good reason that americans smartly understand what's going on as indicated by the poll. listen, the iranians have cheated and lied. no deal is better than this bad deal. they can make these existing centrifuges 20 times faster which is the aim right now and basically have smaller enrichment facilities that they could hide. so the iaea is already saying they only answered one of those questions right now what is regular mean does that mean unfettered access to inspect their enrichment facilities? and russia and china could veto any snap back restrictions that the administration is touting. >> the administration says this is going to be good for the economy because oil prices will come down. all that extra oil from the iranians will come online, when the deal was first announced oil did drop about a buck but then it came right