know where april lives.aid, lynn, why don't we go over there? why don't we go talk with april. >> that's gutsy. >> yeah. well, we were older. i knew lynn wasn't going to lose it. >> what was it like when you knock on the door. >> we knock on the door and she opens it. a little bit surprised. lynn was very nice. we sat down and started talking to her about her relationship and she tried to say that, you know, yes, she i finally said, my understanding is you're pregnant. >> april denied she was pregnant insisting the affair was over. >> you both left april's not really knowing for sure if she was or wasn't pregnant? >> if it -- yeah, then, of course, later we found out that she was actually pregnant. >> and telling people the father was roger. a lot of women would have cashed in the marriage at this point, but not lynn. she let roger come home. >> did lynn still want to make things work with roger despite this bombshell? why? >> i think probably because of tristan. i think it was important to lynn her family s

japan's finance minister planned a consumption tax hike in april next year. the government aims to go ahead with the plan to raise the rate from the current rate from 8 to 10%. it's necessary to gain the trust of market participants and other nations given japan's fiscal deficit. >>> tokyo stocks closed higher. for details we go to our business reporter at the tokyo stock exchange. >> the nikkei is higher away from a near one month low topping a six session losing streak. it supported investor sentiment. the nikkei added about 0.7% finishing at 16,216. the broader topix gained .64%. ihi climbed 3.8%. toshiba added 1.35% as a conglomerate announced a top management shake up in a bid to shore up public confidence after an accounting scandal. seven & i holdings is up the president wants to outgoing chairman as an advisor. investors welcome the decision. >>> the china's worse than expected trade figures brings fresh concerns over the country's economic slowdown. we'll get more how they're doing with china's inflations numbers on tuesday. >> thank you. >>> moving

the current plan is to raise the tax next april. abe laid out the reasons for the postponement in a meeting with the leader of the junior ruling coalition party komeito. he explained that during the g7 summit, held last week, he and other leaders expressed the shared view that there is a real risk of the global economy slipping into crisis. he said he believes that raising the consumption tax from 8% to 10% should be put off until october 2019. komeito leader said he would discuss the matter with his party colleagues. >> translator: i had the impression that the prime minister is firmly determined. >> abe hinted that the tax hike might be postponed during the closing news conference of the g7 summit. he stressed that japan should contribute to global economic growth by utilizing all of the economic policy tools agreed at the meeting. but members of his liberal democratic party who prioritized fiscal discipline are reluctant to push back the hike. >> translator: we won the last election by making it clear that we would raise the tax

operation report from april 2016. i want to thank my assistants for bringing my [inaudible] it wouldn't be as comprehensive if she didn't make the trip. there were two greater alarms during this period. the incident commandser was [inaudible] the first was april 21, third alarm. 3515, 3517, 17th street and bravo exposure was involved. fire was showing between both buildings. [inaudible] aribeed on scene and observed moderate spoke and report from engine 6 assigned to engine 7 [inaudible] truck 7 to bravo. res acoo two conducted search of both build [inaudible] the primarily objective is locate and exstinguish fire. the smoke explosion occurred in the bravo building causes a slight pause to insure everyone is okay. avenue wn was okay. because of the potential for fire extension a second alarm. fire [inaudible] exposure bravo chief required [inaudible] avenue wn performed to the highest standard and no injury. the second alarm located at 143, 14 seven san jose avenue. residential building. difficult to ladder. wires wer

strong april. we gave clear guidance in terms of the current quarter, and we see this las vegas market growing rapidly for all of our competitors as well as ourselves. it's a good time to be out in sunny las vegas. carol: i like las vegas too. it's a playground for adults. macau, theto china, new resort, is it on track to open this year? >> we are going to open next year. we announced we will open in march of next year, and it is still on track for that timetable. macau has struggled, there's no doubt about it or it would have a below average quarter, but our margins are up. we have a great team over there. we are building a great team for mgm macau, which opens next year. we think 2017 will be up in the market. i think that mr. wynn's new property will do well. i think mgm will do well. i'm looking for a better 2017, and i'm glad i'm a las vegas-based company these days, because it's good here. a few years ago that wasn't the case, but i like it now. carol: that was going behind china, though. is

usedis current april, they a very low bar relative to what they used in the prior april. like one third. normally they expect it will to be down for march but they expected it to be down three times as much as it is in a normal month of april. they did a little statistical shenanigans and boosted the number. had they use the same factor they had used in the pile -- prior april? it is a huge story. aople will push back and say student fallen march instead of april. maybe march is where the number is so i went back and looked at that seasonal factor and they also will balk. it would be one thing if they raised the bar in margin lowered it in april. this is suspicious data. >> will take a quick break. we will be right back. ♪ that is really amazing is a look at the inventory to sales ratio. it absolutely is searching so as you were talking about before there has been this at the inventory. the sales are going back to 1992, the highest ever. what happened? the -- how did we get this huge buildup? >> without the quotes that you read were really telling. macy's was the first on

we're at the levels we haven't seen since late april.esterday the nikkei closed up 1.4% helped largely by the weaker yen or stronger dollar, if you will and we'll check key export sectors today, as well with autos, high tech, precision instruments and heavy industrial equipment makers all in big focus. the dollar has risen steadily since janet yellen's speech on saturday when she said a rate hike in the coming months would be appropriate. now many also will be watching the price of crude oil. that's really been a driver of the global markets and crude oil futures wti have dipped to touch after traded over $50 a barrel last we're if you remember but they are now trading a touch below that key level. the opec meeting on thursday will definitely be a big focus. >> ramine get us updated because since last friday, looks like the dollar has been inching up gradually rising. what is going on today? >> exactly. it had been inching up but look at it now. it's just coming down below the 111 levels. actually just before stocks opened trading. 110 s

first the consent agenda, 5 a, approval of meeting minutes of april 5, 2016. madam chair. >> yes, thank you. before we consider any action do we have any speaker cards? >> i do not have any. >> does any member of the commission have comments, questions, corrections or motions regarding the minutes of april 5th, 2016? >> i move. no questions. >> second. >> it's been moved by commissioner mondejar, seconded by commissioner pimentel. please call the roll. >> commissioner pimentel, yes. commissioner bustos is absent. commissioner singh, yes. vice chair mondejar, yes. madam chair rosales, yes. i have 4 yes's and one absent. >> please call the next item. >> the next order of business is reg glr agenda 5b, approving a budget for the period of resolution no. 19-2016. madam director. >> thank you, madam secretary. good afternoon, commissioners and good afternoon to the members of the public, thank you so very much for joining us. commissioners, this is approval of our budget for fiscal year 16-17. this is the third meeting on the budget for action. we have had two work

and it is on april 18th. let's listen to this. >>> i'd like for you to take all of these tapes if you wouldn't mind, in other words, i'd like to -- there's some material in there that's probably worth keeping. destroy them. would you do that? sure. >> haldeman never did do that. as best i could figure the reason he doesn't do anything is that he becomes so consumed by watergate, he doesn't have time to do it and he never reports back to nixon it hasn't been done so they will stay in place and continue playing until they're revealed by butterfield, as we've discussed earlier. and that happens on june 18th, is when they -- the system is shut down. there are approximately 4,000 hours, many of them are classified, i think that the official number by the archives is 3700 hours. here is -- an eye-twisting sheet that i used at the time i was working on the book. it was released in october of 2010. but it just shows how -- it's interesting to see where the conversations were. this is the white house television. this

the first full week in april and we spot father camarilo in his car. >> april 6, 10:35. >> in camden mid-morning april 6 where it remains throughout the day. we spot check again after midnight and it looked to be in the same location. just after 8:00 the following morning and there's the priest's vw. just after 10:00 and we see him leaving from rohas rodriguez's backdoor. >> thursday april 7 there's father joel leaving maria's house. >> along with april 14 it was second time we spotted father camarilo use the backdoor to leave her home in the morning. >> 12:45. >> father we have seen you for six weeks. father, do you have an inappropriate relationship? >> no. >> you can't have a relationship with a woman as a priest, crest? >> yes. >> you cannot. >> but i have the right to have friends. >> we showed him the video of the man in the tee shirt and cap. that's you, correct? that's you. >> yes, it's me. >> that's me. >> she's my friend. >> and are you going into the house, that's you? >> yeah, but she's my friend. >> why did you leave -- >> i don't want to tell you. >> you left her home t

and on april 30, we received the news. i still remember the day, playing on the beaches on april 30, 1975. there were mostly women and children of this refugee camp, and it was an old marine barracks. there was a radio that was available at one of the barracks. our parents were gathered around there, and in the afternoon there was a big cry. someone yelled out that the bbc had announced that it was all over. and at that moment, we thought we had lost my father forever, because it had been a week, we did not know where he was. there have been planes and boats coming out of vietnam, and he was nowhere to be found. from that moment, our american journey began. we were moved to arkansas, one of the three refugee camps. and from there, right into the sixth grade where we resettled in southern california. so i think as a vietnamese refugee coming to southern california, it is already a big melting pot. and by the way, when our planes were coming to the air force base through san francisco, governor jerry brown was adamantly agai

andth in april slips, retail sales and investment numbers miss estimates.he british referendum has put a cloud of uncertainty over growth. the biggest british business lobby cut its economic forecast. chinese car hailing service didi is considering a u.s. ipo after receiving a $1 billion cash injection from apple last week.

more than expected following the 1.5 percent in april.e will see how that impacts markets at the open. let's check in on the asia-pacific markets. to new zealand we go, climbing 1/5 of 1% higher. 66 u.s. cents. u.s. stocks were close on monday for memorial day. we are also counted on to the opening in other asia-pacific countries. australia futures pointing to a flat the australian dollar is at $.71 u.s. japan pointing to a lower open this morning as we see a slightly stronger yen in play. jobless figures are due out later this hour. continues to be dominated by the prospect of the u.s. interest rate hike, which could come as soon as june. emerging-market currencies on track for the worst month since august. gold falling for the ninth straight day, longest losing run in one year. we will have a market moving him, today, stay tuned for he will talk oil ahead of the opec meeting. chinese equities are once again in the crosshairs of short-sellers. they -- mainland stocks have searched. we have heidi here with the story. here we go again. rep

release of the fomc minutes from its meeting on april 27. again, a meeting after which the fed decided not to raise rates. let's go to michael mckee and washington, d.c. he has had a look at the minutes. the keyword here is june. rateitely tilting toward a move in june. officials are worried that the market is not ready for that. closely. this most part testament judge that, if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen and inflation making progress toward the committee's 2% objective, then it likely would be appropriate for the committee to increase the target range for the federal funds rate in june. that sounds a lot like the language they used in october, all the promising a great increase in december. fed officials are concerned that investors "may not have properly assess the likelihood of an increase in the target range at the june meeting. in several times, the minutes note that they needed to communicate that possibility. range of have a possi

new housing sales still up around 63% in april. due to cities putting curves to tighten some of that runaway growth that we've seen. the bank of china has come out and try to reassure the markets that they maintain supportive of the economy. just before this date on industrial production retail sales. the credit that we saw on friday. we were trying to explain their way to some degree. unusual anomalies. a major slowdown in credit is just not to be expected. they remain prudent stars from the pboc. economists don't expect any rate cuts anytime soon. they also don't expect any major slowdowns in credit growth either. it points to the tight rope walk is being walked by policymakers here in china. try to maintain this very difficult balance. angie: the record retreat of chinese copies from the american stock market is hitting a snag. dozens of chinese companies are being bought out and being left back home. stephen engle's is taking a closer look at this. it really had a huge impact on adrs. stephen: we heard that the securities regul

so from april on about 1% of the additional growth. the reason is companies have basically been reducing their investment plans beforehand. they are now looking into household sector has become more optimistic on a little bit stronger wages. and the government is planning to support the economy more strongly with supplementary budgets and the bank of japan will most likely will support the economy. >> that's a look at business. i'll leave you with the markets. >>> g-7 environment ministers have wrapped up their meeting in japan with the adoption of a joint statement. they agreed that their countries will try to submit strategies to cut greenhouse gas emissions to the united nations before 2020. it was the environment ministers first meeting in seven years. they discussed global warming, recycling, and ways to reduce food waste. under the december paris climate accord, countries agreed to submit long-term strategies by 2020, but the g-7 ministerare agreeing to do that sooner. the ministers also adopted a framework that aims to reduce fo

the government plans to raise the tax by two points to 10% next april. he said the impact of the global economic slowdown and the quakes in japan's southwest could force a rethink. >>> japan's monetary base hit a record high for the fifth consecutive month in april. bobby jind it topped nearly $3.6 trillion up $98 billion from a month earlier. the amount is total cash in circulation plus deposits commercial banks hold at the central bank. retailers in japan are adopting the electronic payment system operated by china's leading e-commerce company alibaba group. users of ali pay make payments by showing bar codes at electronics retailer and convenience store chains. >>> leaders in azerbaijan have banked on oil exports to deliver prosperity. they're being forced to rethink the approach after volatility in oil prices has left the economy struggling. >> reporter: for years people in this country watched oil money change the skylines over the city. but now they are looking at a very different picture. the drop in commodities have hit their currency. they face

shipments of home appliances in jean continue to rise in april. they have been climbing for 12 months. analysts say the shipments amounted to $1.4 billion an increase of 10% from yen terms. the analysts say consumers bought bigger refrigerators, larging washing machines and air-conditioners. health officials have calculated the latest fertility rate and they say the average number of children a japanese woman has in her lifetime has risen slightly to 1.46. nearly 1 million 6,000 babies were born last year. the rate has been rising among women in their 30s and 40s and the rate for women in their late 20s rose for the first time in five years. though japan welcomed more newborns last year it posted a population decline of 285,000 people due to the largest number of deaths in the post-war period. 635,000 couples tied the knot last year, and marks three straight years of decline. ministry officials found that pepeople married later in life,n average men were 31 years old, women, 29. officials say they recognize the need to create an environment to mak

devon was killed on april 14 in orange, new jersey. gio, 24, and tonya, 46, were killed outside a house on april 16 in orlando, florida. gino was the leader of the orlando chapter of my brother's keeper, where he mentored at-risk youth. an unidentified 27-year-old man was killed on a sidewalk on april 16 in detroit, michigan. edwin, 46, an unidentified man, and his unidentified woman were killed on april 17 in hiladelphia, pennsylvania. jackson, 29, was killed inside a nightclub on april 17 in ed binburg, texas. he's survived by his wife and wo children. thalia, 19, killed in broad daylight in long beach, california. had a 1-year-old child shown in this picture and he was looking forward to his very first father's day. damon, 23, was killed while filming a music video on april 19 in chicago. molly, 35, and her children, 5 and 2, were killed by their husband and father on april 19 in cady, texas. jason, 18, was killed in a parked car with his friend on april 19 in chicago, illinois. eight family members were killed on april 22nd in pike

to $3.2m $7 billion trillion in april. three of the world's most influential bond investors -- they say the u.s. central bank is on course to raise rates. gross, mohamed el-erian are warning. will appear with memories of wartime leader winston churchill with the speech aimed at persuading his fellow countrymen. in a speech, he will say britain has a fundamental national interest in maintaining common purpose in europe. it requires british leadership and for britain to remain a member. greece returning to the center stage today. the imf will assess whether the country has done enough budget-tightening commitments. throughrnment pushed tax reforms. the finance minister will review whether to release the second installment of greece's $98 billion rescue package following a six-month delay. global new each day, every day, powered by 2400 journalists in 150 news bureaus globally. back to you guys. anna and manus. manus: thank you very much. let's talk about the markets high. high.ket's revisit some risk. loss.y -- two-day what

rain, and he is talking about april ryan who works at the whits house, and now april rain, you say muchn nothing, and was he showing love for president obama? >> he was, and i'm not so sure why we were concerned about the white gaze of those in the room. we are talking about the respect that is owed to president obama, and i do agree that it is owed to him, but so many of them in the room have been using the eight years to disrespect him, and not using that word in public, but being disrespectful nonetheless. and what larry wilmore did is to say what so in african-americans said, and he turned that stodgy hotel room into the barbershop that president obama has not been able to visit in the eight years ashs and this can be used -- >> let me read this in, because it is from jonathan capehart in the washington post piece, and he said why larry wilmore is not my n-word, and he said, sure, there were blacks who loved and there are and still are blacks who love what he said by keeping it 100, and a latter day keeping it real, he expressed the deniable pride, but the white house correspondent

nearly 40,000yee been striking since april 13th. shares finis t d up almost 1% to49.58. >>> pharmaceutical d eli lilly says it has theoto launch 14 new drugs b2023. in areas like ds and oncology. the cosce thinks lily is well positioned he >>> finally able to take the iend turn it into odnd demographics are in our favor. twds the medicine that you take in your leoue going to take after the age of 65. so people are g to need the products that come out of o labs. i thinks a gat sort of lineup to ha a w look 10 or 20rso the future. >> shares rose a little o 1% to 74.99. >> under armour is upping its gamenit'ied to be the largestelea in ncaa history. it 15-year arrangement with ucla. worth $280 ll the new partnership begins in july . shares of under armour up more th 2% to 38.22. >>> do's pizza might owe some of its emp lot of ugh because of the new york on largest pizza who is suing delivery cin three of its franchisees, alleging employees 1 new york locations were underpaid b more than ,0 investigation by the state found tas knowingly

the day after the reschedul performances on april 15th, prince's plane made an emergency stop. prince had to be treated at a hospital. a week later on april 20th, schulenberg saw prince again, this time giving him a prescription. it's not known what medication schulenberg prescribed, but he told authorities it could be filled at a local pharmacy. the next day, thursday april 21st, schulenberg went to paisley park to deliver prince medical test results. he came upon a death scene instead. and he wasn't the only doctor prince reached out to in those final days. lawyer william muazy represents dr. howard kornfeld, renowned addiction treatment specialist who said prince's representatives reached out to him the day before he died. >> dr. kornfeld felt that his mission was a life-saving mission. >> reporter: dr. schulenberg is no longer employled at the medical center. a spokesperson would not tell us why or how he left. and, scott, according to the warrant, prince's estate manager says the singer dealt with year. >> pelley: jamie yuccas covering the investigation. jamie, thanks. a n

in april 2016,er our economy added 160,000 new jobs, taking april the 74th consecutive month of private-sectorob growth in america. businesses have created 14.6 million new jobs. wages have been rising at an of 3% so the unemployment rate has been growing, unemployment has been falling, and wages have been rising. as manyglobal economy people here are aware, is not growing as fast as it should be. we are still seeing lagging growth in places like europe, japan, and china. in the united states, there are folks that are still hurting so we have got to do everything we can to strengthen the good trends and to guard against the dangerous trends in the global economy. if the republican congress joins dust -- joined us to take some steps that are pretty common sense, we could put some additional wind at the backs of working americans. to create new jobs, they should invest in our infrastructure, our roads, bridges, schools, water mains. some of you joined me i went to flint this week. it was a great example of the kind of work that is out there to be done, and we could be putting people all across t

april 20th, the day before prince's death, the search warrant says dr.in sees prince, telling the police he performed tests and prescribed medications that were to be filled at a walgreen. the warrant doesn't describe what he prescribed. the same day, prince's representatives contact another doctor, california addiction specialist dr. howard cornfeld, who dispatches his son to the estate in minnesota. >> he felt that his mission was a life-saving mission. in that sense, certainly he felt it to be urgent. >> reporter: the next day, april 21st, prince is found unresponsive in his elevator. dr. cornfeld's son who just arrived called 911. according to the warrant, dr. schulenberg also arrives to deliver test results from two visits with the mew usiciamusic. authorities tell cnn pills were found in the home when he died, but haven't turned up any valid prescriptions. focus on the possibility that others obtained the medication for prince. police file a search warrant at the clinic he works to seize prince's medical records. state records show that dr. schulen

s and growth slowed in april, down from march.teel and coal output dragged on production and estimates came in short. wealth fund will seek to join a class action suit against volkswagen. compiled, theyta are acting to safeguard. the interest rate hike associated with the brexit vote ahead of the election. the cbi cut the growth forecast and the referendum has put a dark cloud of uncertainty over the outlook. the mayor of manchester has an the last game of the football season. they say the package found devicethe match was a left during an earlier security exercise. the news is powered by our bureaus around the world. you can find more stories. host: thank you very much. the latest stories. the stocks have rebounded. we have a little bit more detail and a yield curve. >> thank you. we have the chinese data and disappointed data. not too much of the estimates. there is the delayed sales tax increase. we saw it fall to a two-month low and they have erased some of those slightly. year yield,t the 10 this could be cause for concerns i

this regular board of education meeting to order monday, april 25, 2016, as you can see i'm not our student president we'll do this and make sure we have an exciting meeting with that, a reluctant. >> ms. casco and. >> ms. fewer ms. mendoza-mcdonnell ms. norton mr. walton ms. wynns president haney and ms. chin and mr. totiano presents. >> would you, please join us in the pledge of allegiance and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. >> approval of the minutes from our regular meetings of april 12th. >> thank you vice president i have to read for - >> moving. >> oh, with that, pips from regular meetings of april 12th and september 29th a move acceptance of the minutes picture roll call vote. >> thank you ms. chin mr. totiano mr. duffy ms. mendoza-mcdonnell dr. murase commissioner mendoza-mcdonnell mr. walton thank you ms. wynns and president haney that's 4 i's. >> thank you ms. casco annoy from our superintendant. >> thank you vice president walton and good evening to etch that is here and lonsz abroad before you share my th

the april meeting was a letdown -- were expecting a policy moves in april. forward to and all the meetings in june, that is the one whereby we could get a rate cut. we have already got -10 on new deposits, and that is a policy in the early stages. i think it's inappropriate to say that it works; it's way too early. against japan,s but they can cut that rate again. we also think there's a good chance they increase the equity purchases, even though we know our top 10 stockholders -- that could continue. government bond purchases, back and continue, -- that could continue, and there is further for that to go. i hear what they are saying. that you get toward the outer limits, legally and practically, of what you can do with monetary policy, and already in the gray area is where it overlaps with fiscal. negative rates are form of helicopter money, especially when you get the lending rates near zero, and that is happening in some parts of the world. people are now talking about what will be the next rabbit out of the hat from japan. you mentioned policy surprises

april jobs report is just around the corner.he snapshot is expected to have an impact on fed action through the spring. we will break it down. what to respect -- what to expect? vonnie: let's head to the .arkets desk where julie hyman he see what is going on the commodities markets, still some concerns. major averages are bouncing back from the two-day decline we saw. they are gaining a little bit of steam as the day goes on. individual stocks contributing the most to the games include energy producers like exxon mobil and chevron rising along with order prices. coming out with earnings that beat estimates, not indicating -- drug pricing, that of been a concern with analysts. the gains, it is down by 1%. it is a particular victoria's secret comparable sales down 1% in april. analyst tap-in had -- had been projecting games. april sales missing the estimates as well. take a look. the rate for these companies, earnings lies, 3.8%, that is the gap between estimated earnings and where companies have actually reported earnings. saying

>> april: yeah. >> anthony: april owns the joint now.reggie, a forward-thinking dude if there ever was one. >> april: it was built in 1798. >> anthony: how long in the family? in your family? >> april: over 75 years. my father, during that time, he had billie holiday appeared, he had nina symone, ella fitzgerald, all the big names in jazz. >> anthony: how has town changed? has it changed? >> april: i think tremendously. gay lifestyle is much more accepted. >> anthony: okay, 1972, my feeling was that this was a gay town, and that i was here at the pleasure of, you know, somebody else. which is sort of the opposite of everywhere outside of here at that time. >> april: oh, yes. >> anthony: this was a largely catholic, portuguese, conservative fishing community, but it was also known as hell town. >> john: it was hell town, this is where the puritans sent their rejects. right out here. >> anthony: right. farther out -- yeah. >> john: provincetown always had the mixture really of the bohemian people and the fishermen, the pirates, the writers

richemont forecasted a difficult first half after sales plunged 18% in april.ported full-year earnings that missed estimates, dealing a further blow to the industry. the company has been struggling with a strong swiss franc. it is cutting almost 100 jobs in its swiss watchmaking operations. richemont is also affected by a slowdown in tourism in europe. paris terror attacks in november, a trend that some may extend after the bombings in brussels in march. richemont is bottom of the pile, down by 32%. burberry, 26% lower. the other three are rising, christian dior, lvmh, hermes. you started with the fed, francine, so i can't get away with it. it is having an impact on the currency market, talk that the fed could raise interest rate in june. it is boosting the dollar against the yen for the third consecutive week, telling us what sort of winning run the yen has enjoyed. this is dollar-yen in the last 15 days. it has risen by 3.5%. we had governor kuroda reiterating he's ready to add stimulus. the yield premium offered by two-year treasury notes over equivalent jap

nearly 40,000 employees have been striking since april 13th. shares finished the day up almost 1% to 49.58. >>> pharmaceutical do eli lilly says it has the potential to launch 14 new drugs by 2023. in areas like diabetes and oncology. the company's ceo thinks lily is well positioned over the next deca >>> finally able to take the science and turn it into products and demographics are in our favor. two-thirds of the medicine that you take in your lifetime you're going to take after the age of 65. so people are going to need the products that come out of our labs. i think that's a great sort of lineup to have as we look 10 or 20 years into the future. >> shares rose a little over 1% to 74.99. >>> under armour is upping its game signing what's believed to be the largest apparel deal in ncaa history. it is a 15-year arrangement with ucla. it's worth $280 million. the new partnership begins in july 2017. shares of under armour up more than 2% to 38.22. >>> domino's pizza might owe some of its employees a lot of dough because of the new york attorney

deadline at the end of april was set. if terminated, how -- halliburton would have to pay $3.5 billion in fees. oil producers are considered a deal to freeze output but mark mobius says there iso need. some analysts are warning oil mady tumble to $30. but mobius is betting prices will rise. >> i do not think you need a freeze. you must remember that the demand for oil continues to rise. it is not going down. globally in the u.s. and globally has gone down precipitously. the supply has got to diminish despite what is happened in the middle east and the demand will continue to rise year, and the2% a commendation of this means we will see a higher price going forward. angie: you can watch more of that on our new show " bloomberg markets middle east." has kicked off earnings that australian banks reporting slighter weaker than expected first-half result. paul allen right from sydney right now. run us through the numbers. what do they tell us? paul: first off, earnings were actually up 3%, but it was not what the market was ex

now there is another accident on april 29 in salem county.an essay about her parents. >> that her parents were heroes. and we will never forget the girl. >> in the state to put others first. >> i would look on mind -- all mine and to sit and watch you every day i try to let you know, that i never went away. >> the most magical part that people eliminated this stadium. ♪ >> i was in tears. there is nothing that you can really say at a moment like that. >> a california man decided to light stream on facebook live imagine in which he found out it was public so check your privacy settings. senate look at this video on the you to page that has over 1600 water balloons because he wants to be the best of all in the world below said they are having a blast it seems counter intuitive. >> you will have your life here instead everybody has 90 days to get out. >> my expectation was to end my days here. ♪ to you, they're more than just a pet. so protect them... ...with k9 advantix ii. it not only kills fleas, ticks and mosquitoes, it repels them, too. so

look for april production.ohn williams, atlanta fed president dennis lock hart and dallas fed president kaplan will be speaking. and investors will be eyeing those investments closely from places like nordstrom's and macy's. despite the reports there are share holder meetings as well. landon dowdy joins us. >>> first, from home depot, despite a brittle first quarter from the retail sector, analysts expect them to release a strong report as home improvement stores take its share from department stores. oppenheimer telling me q1 sales are the most important factor here. second, gap holds its annual sharehold meeting. it will report later this week. but today listen for turnaround plans and the pipeline. third thing to watch, amazon hitting an all-time high, $704.55. these capitalize on latest ventures like expansion of private data offerings. >>> for the twitter and facebook question of the day, we ask you lots of consumer indicators coming out. is the consumer in good shape? weigh in on our twitter and facebook

on april 14th, a powerful quake struck kumamoto. officials with the meteorological agency thought subsequent tremors would get smaller. but they now say a more powerful quake that hit two days later was the primary one. both jolts registered the highest on the japanese intensity scale of 7. nhk reporters surveyed police as well as families and friends of the victims. and they learned ten people died as their houses collapsed. two others died in mudslides that engulfed their homes. yoko noda was one of the victims. she went to the evacuation center after the first earthquake but then returned home. her body was found in the wreckage of her house after the second quake. her daughter said she insisted her mother return to a shelter. >> translator: i'm very sad about what happened. my mother would not have left home, even if she was asked to. >> reporter: some of the victims told friends they went home believing there would be no more powerful quakes. they also said they were fatigued from sleeping in their cars at night. experts point

the longest winning run since april 14. rising for the third consecutive week.t is the best run since march. a3 point -- a 3.3% gain is the best game since february. a day for philips lighting, the living -- of the lighting division of royals phillips, raising 750 million euros. middlees shares in the of the markets. investors paying 20 euros for 37.5 million shares in philips lighting. the biggest general lighting company by sales. the sales of the 25% stake before the allotment option gives the company a market value of 3 billion euros. failing to conclude a private sale of the business. the first day we have seen a boost in the share price of 9%. this is wonderful -- this is our go.erful ipo function, ipo it tells you everything you need to know and more about the ipo market. i have gone into the western ipo market. there has been 11.1 billion euros of ipo's. top of the list is philips lighting. it hundred $64 million. the average move of all of the companies listed from their first day to today is 7.8%. just some of the data you can discover on this wonderfu

spanish care ye . >>> japan's crude steel output in april rose 1.2% from a year ago marking the first rise in 20 months. industry officials say redevelopment in the tokyo area for the 2020 olympics is behind the recovery and construction demand but production for export remains weak due to falling prices of steel products in the global market. >>> that's a look at business news. i'll leave you with the markets. >>> people in taiwan are embarking on a new era. >> taiwan's new president has taken the oath of office. >> tsai is a very down to earth character with an impressive educational background. she studied in united states and britain and was a university professor. in her new role she is facing increasing pressure from beijing. tsai and her democratic progressive party scored a decisive victory in january's elections. they were able t to stake out a firm power base in the legislature. during campaigning, tsai was crititical of the nationalist party foror pushing pro-china policies too far during its eight years in power. she won over many young people who want taiwan to re-define

chinese shares have hit a two-month low after a disappointing april. it highlights the challenges for those trying to reform the economy, cut capacity and encourage credit. tom joining us from beijing. what is the data telling us? tom: it tells us that some of the main drivers of the economy are calling for a reversal origins -- of fortunes for march, when we had a slew of data. taking a look at this, we track gdp on a month-to-month basis and what we offer april is .9%, ust below -- x .9%, just -- 6.9%, and putting flesh on the bones of this story, we got industrial output at this point a percent from april. -- 6.8%. and the government says that was due in large part from the slowdown in the coal and deal sectors -- deal sectors. in retail sales is a big part of the picture. chinese consumers have kept their hands firmly in their pockets, particularly when it came to car sales. they were up 5.1% in april, but will of the 12.3% that we saw in march. and then it was assets -- fixed beents, the lowest it has since 2012. up in-- new home sales, april and

this strike began april the 13th, lasted about seven weeks. they'll be headed back to work it appears tomorrow. nicole: here is a look at the headlines in today's edition of the wall street journal. how a big bank makes big money, tracking citigroups aspirations and shortcomings of the banks. rum makers, big money clashes over who gets the havana club brand in the united states, and the viacom board prepares for fight of independent directors. lauren: coming up, attorney general eric holder said edward snowden broke the law when he leaked classified documents. hard to believe but holder said that what snowden did was actually a good thing. >> snowden did what he did but i think he performed a public service by raising the debate that we engage in. lauren: public service, we will have the story. historic floodings swamp texas, more rain on the way. we are going to have the forecast for you from fox meteorologist maria molina, you're watching fbn:am tuesday morning, welcome back from long weekend. you're watching fbn:am, first look at morning ma

they surprise by doing nothing at the april meeting.still think the bank of japan could deliver more easing. francine: what is the biggest risk out there, monetary policy mishap or china? janet: there are always lots of risks. i think the fed is going to tread very cautiously. they see what happens to every central bank that tries to and has ended up having to reverse policy. the fed doesn't want to make a policy ever. they are always going to err on the side of caution. as far as china is concerned, that was a risk over the last six to nine months, particularly the chinese currency. seen chinaly, we've does still have some conventional stimulus. some stabilization in the china data, though the trade date of this morning was disappointing, but we are seeing infrastructure investing pickup. the question is still, is it short term or setting up further problems down the road? francine: china, what is the in game for the pboc? could we see a world where they put as much stimulus and go to the zero bound on interest rates? not forecasting t

gm leading the pack in china when it comes to auto sales in april.ast month, passenger vehicle delivery at over 60% with average discounts of 18% of the automakers recommended price, according to bank of america merrill lynch. have badst man will news out of brussels today. they will expect the 10 billion pound bid for o2 with the three networks to create britain's biggest mobile network. that is your bloomberg business flash. manus: thank you very much. let's get into ing. that he is reported the earnings this morning at 29%. the weakness in financial markets divisions which has been driving the numbers. the cfo is joins us now. welcome to the show. profits drop and regulatory costs up more than 300 million euros. it is the bane of every bankers life. are we at peak regulatory costs? patrick: good morning and good to be on your show. i wish we could say we are at the peak of the costs, especially after having a 300 million increased year-over-year, the majority of which we booked in the first quarter. the three elements are in place. regulation and