barton: ok. first of all, we don't have an actual bill drafted yet on the tax code, but we do have a general proposal that has been out by kevin brady. proposal, which we don't have legislative language, it reduces the corporate tax rights, individual tax rates, tonges the capital gains tax half of your ordinary income tax, it reveals the debt tax, estate tax. it's repeals most of the itemized deductions if you are one to itemize your deductions on your income tax return. except for charitable deductions and home mortgage interest expense. adjustments -- it has a border called the adjustment tax. >> where you get the money to pay for it? >> on paper, it generates enough revenue to pay for the tax relief for everybody else. it is revenue neutral. [laughter] rep. barton: we'll have legislative language yet, but when we get it, it will be posted online and you can take a look at it. ok? next one. >> 030. rep. barton: 030. lady right there. dietayor says he is on the and the doctor says he needs to l

barton: ok. well, first of all, we don't have an actual bill drafted yet on the tax code, but we do have a general proposal that has been put out by the chairman of the ways and means committee, kevin brady, and in that proposal, which again, we don't have legislative language, it reduces the corporate tax rate, it reduces individual tax rates, it changes the capital gains tax to half of your ordinary income tax, it repeals the death tax and repeals the estate tax, it repeals most of the itemized deductions if you're one who chooses to itemize your deductions on your income tax return expect for charitable deductions and home mortgage interest expense. it has an adjustment -- it has a new tax called the order of adjustment tax. >> where do you get the money to pay for it? rep. barton: the border adjustment tax on paper generates enough revenue to pay for the tax relief to pay for everybody else. t is ref knew neutral. -- revenue neutral. we don't have legislative language yet. when we do, it will

is this the end of joey barton's career?4—year—old burnley midfielder is given an 18th month ban by the fa for betting on football. newcastle united and west ham united's grounds have been raided as part of a tax fraud investigation. he's won the tournament five times but ronnie 0'sullivan is knocked out of the world snooker championship by ding junghui in the last 8. and, maria sharapova makes her return to tennis following a 15 month doping ban, she's on court at the stutgart 0pen as we speak. good evening. burnley midfielderjoey barton has been given a ban from football after admitting a football association charge in relation to betting and there questions over whether the 34—year—old will play again, john watsonjoined me earlier with more details on the story. j°ey joey barton has been banned from all football related activity for 18 months, it follows his admitting to a charge in relation to betting. he was found to have placed over 1200 bets over a 10—year period. some of these involve his current team but go way back

mark: mark barton. this is "bloomberg markets." the company with in leftillion in fines oversight of its traders. joining us with details on what deutsche bank did wrong is michael moore. define.wo-pronged -- pronged fine. one element is allowing currency traders to chat with their counterparts in other banks. that is something we've seen in other banks, in terms of the rigging scandals in fx. forlso have a smaller fine little or specific thing, which was not setting up the right properties to make sure the traders were not going beyond customer demand and putting in proprietary trades. vonnie: how to the infractions get spotted? was there a spot check? the deutsche bank know this was coming? michael: the fed has been talking to deutsche bank, they've been in dialogues with the banks making sure they have these processes in place. in the fed found that in deutsche bank's case, they weren't adequate. you also have some other regulators looking at this as well. vonnie: how does that happen? if you were in dialogue with someone and yo

i am mark barton.n "bloomberg markets." ♪ mark: we will take you from new york to london in the next hour and we are covering stories out of paris and toronto. here are the top stories we are following. sprint tos, a crowded the finish in france. four major candidates are close to a dead heat for the presidential election. we look ahead to the key interviews tonight for marine le melenchon and salon. vonnie: our guest is neil jones who has provocative thoughts on the pound and the u.s. dollar. and the canadian prime minister justin trudeau will be joining bloomberg

mark: i'm mark barton live from london. ets.s bloomberg mark aluminum fluctuating on it news the trump opened a trade investigation into whether imports international security. further,s to discuss scott barr. is it going to lead to a curb and imports? >> that's what the trump administration would like. i think that's probably down the road a little bit. that's the path that they are on right now. we are seeing the price in a stock like ach take a big hit on this news. mark: what does it mean for the price going forward? aluminum gaining 16% this year. rising 12% last year. by stableeen held demand. there are reports china is stepping up efforts to curb excess capacity. what's the outlook given this pledged to investigate? >> the outlook is still on the upside. any sort of tariffs we may see coming from china is going to help the american producers. i think the pressure is to the upside. hopefully when the dust has settled if we can get increased capacity and supply here in america eventually that could drive the price down. rig

barton plans to appeal against the length of the suspension.as confirmed that next year's world cup in russia will have video refereeing. infantino says fifa have had nothing but positive feedback since trials of video assistance began in their competitions last december. it was also trialled at the recent france versus spain friendly in paris where a goal by france's antoine griezmann was disallowed by the video ref. plenty of goals tonight in the race for the la liga title in spain with leaders barcelona thrashing osasuna 7—1 at the nou camp to stay top. after their win in sunday's epic el clasico match against real madrid. this was a far more gentle affair but unsurprisingly lionel messi was among the scorers again — messi with two tonight to bring his barcelona total to 502. his last—second winner on sunday means that barcelona moved above real at the top. and it was a stroll for real at deportivo la coruna with james rodriguez scoring twice as they won 5—1. real have a game in hand on barca so they are still marginal favourites to win la l

i am mark barton.e: i am vonnie quinn. this is bloomberg markets. inventory in the united states. a drop of 1.4 million barrels in the past week. u.s. production is in focus, significant gains could potential it offset opec supply. oil has been hovering below $53 per barrel. julie: they are pretty much in line, 0.3 billion -- million barrels. inventories at oklahoma falling unexpectedly. that could be good news for oil prices, down, but there was a building gasoline inventory and finally, a decline in inventories of nearly 2 million barrels. overall, on balance, it does look like a fairly bullish report for oil prices here. at refineryoking utilization of 1.9%, higher than estimated. it looks like oil is bouncing around a little bit but still down in the wake of the numbers coming out. we will see, as we always do, what happens about a half hour from now. people will also look at production figures as a part of this report, though again, overall, drawdowns look larger than estimated. rise inoutlier is

mark: in london, i am mark barton. this is bloomberg markets.oomberg business flash, a look at some of the biggest business stories in the news right now. siemens and bombardier are in talks to combine their operations and would be valued at almost $11 billion. they could fend off pressure from chinese train makers who were threatening market share. much more with a reporter next hour. shares of french luxury goods maker lvmh rising and paris today, revenue much better than expected. they were boosted by fashion and leather goods unit, where quarterly sales rose 15%. lvmh's performance is the biggest sign of a rebound in demand and the luxury goods area. hollywood is threatening to go on strike and that could cost the entertainment industry billions of dollars, taking popular television shows off the air. they say pay for writers has not kept up with the digital revolution and the union is making too many demands. that is today's bloomberg business flash. vonnie: time for our bloomberg quick take where we find context and background on issues of

from london, i am mark barton. vonnie: from new york, i am vonnie quinn.uropean close. on bloomberg markets. mark: we are going to take you from new york to london in the next hour, covering stories out of paris and utah. here are the top stories following on the bloomberg and around the world. european markets holding on to ,heir appetites for risk campaigning around two of the french elections. the stoxx 600 edging higher. marine le pen goes on the offensive again against rival emmanuel macron. vonnie: where are the biggest value opportunities in europe? cveyill speak to henry m on why he thinks european economies have a lot more room. as president trump approaches tax reform, we will talk

barton. welcome to "bloomberg markets." ♪ vonnie: we will take you from new york to london in this hour and cover stories out of washington, d.c., moscow, and brussels. here are the top stories we are following on bloomberg and around the world. the pressure builds on the trump administration to produce results. we hear from noted economists austan goolsbee and douglas holtz eakin on the tax reform, immigration policy, and more. risk on markets, is it or risk off? the stoxx 600 is on pace for again today, with the french election and geopolitical tensions in syria and north korea. come outey inventories this hour. will it be enough to sustain the rally in crude? 30 minutes into the trading day in the u.s., and you mentioned risk off, mark. julie hyman is here. the indices with suggest to much risk off, more intense than it looks. julie: definitely here. there is the risk-off attitude but it is not reflected in the magnitude of the drop we are seeing. it is in the uptick in volatility the past

this is bloomberg. ♪ mark: live from london and new york, i'm mark barton.his is the european close. it's heading up to be a big we can american politics with congress trying to avoid a government shutdown and they want to include funding for the border wall between the u.s. and mexico. is wednesday the day we should be waiting for? week on capitol hill. i am in statuary hall where lawmakers are returning to washington after a two-week recess. wednesday we hear from the white house as to when they will unveil some type of details surrounding tax policy. that caught some folks off guard on capitol hill but also april 28 is the key date when in thers republican-controlled congress must pass some kind of partial government funding bill to keep the government open and avert a government shutdown. the politics is where this gets interesting. president trump is tweeting about using the funding budget as a way to fund the u.s.-mexico ka the wall and democrats are united against it connected pose a political wrench which could lead to a government shutdown or a temp

i am mark barton.nie: i am vonnie quinn shares of wells fargo are lower, the bank awarded for scored revenue that missed estimates. the earnings call is underway. we have some negative out of that call. let's get you julie hyman listening in on the call. julie: the cfo is speaking on the call, john shrewsberry. he is been making various comments about the auto loan portfolio in particular. that has been an area of concern not just for wells fargo, but across the industry. he expects the auto loan portfolio to decline in 2017. that is not entirely unusual within the banking business. he also is saying commercial customers are generally optimistic now in a commercial sentiment should push loan growth. he is also talking about card balances fell as folks pay down holiday debt. he says mortgage production could decline in the second quarter, but there is higher client volume in equity and credit trading. he also expects the efficiency ratio to remain elevated. at the beginning of the call, tim sloan said t

the 18—month ban given to burnley midfielderjoey barton, for breaching gambling rules has come underhe football association says it's the shortest possible suspension it could have given to the player under its current rules but his club manager says the punishment handed down to barton, who has admitted he is addicted to gambling, is too harsh. 0ne one of the things i thought of was eric cantona kicking someone. but we must make it clear, we all know the rules, don't gamble on football, and he knows that. but when you think that the fa made it clear there was no intent for anything other than his own personal gambling, and they made that clear, nothing about trying to change games or any of that or can sort, nothing like that, 18 months seems a long time to be in lieu some of the things i have seen in game. sepp blatter, the former president of fifa has been questioned as part of ongoing investigations into the bidding process for the 2018 and 2022 world cups. french prosecutors have been speaking to blatter, as they look into the awarding of the world cups to russia and qatar. le m

given to the player under its current rules, but his club manager says the punishment handed down to bartone is addicted to gambling, is too harsh. one of the most obvious that springs to mind when i was a younger man was the legend that is eric cantona kung fu kicking someone, he got a nine—month ban. we know the rules, don't gamble on football when you are in football, i make that clear, and he knows that, but the fa made clear that there is no intent on anything other than his own personal gambling, his integrity is intact, nothing about trying to change games orany of nothing about trying to change games or any of that or consulting, just his own personal situation, so 18 months seems a long time to me. anthony joshua says his heavyweight unification bout with wladimir klitschko is a "stepping stone to greatness", as he prepares to fight in front of 90,000 at wembley. he's been facing the two—time world champion today as well at the pre—fight press conference. joshua is the favourite and seemed focused on beyond saturday's fight. even though it is an amazing event, i try to strip everyt

in london.rk barton we are counting you down to the european close.ark: credit suisse has announced plans. francine lacqua sat down with the chief executive in zurich earlier today. she asked him why he decided to forto the markets before -- $4 billion rather than the ipo in switzerland. action quick please. we think that is something we got right. we always had two to four, as you have heard me talk about. and 2014.-4 million in 2017, refuse, repeal, and the ipo as an option to do that. why? it was something entirely under control. we have not yet proven the value of the work. we feel now that we have accomplished for five quarters. we have been demonstrating the power of the platform and the social wealth management. simplys a proposition of raising rates to back this. doj.s the when we were thinking in october to a 15, we had two big things. a write-down that we took in the the boj as we discussed, a broad range of outcomes. some of it, really bad for the company. removing that in december-january, completely reset the dials. we can now look at the

this is bloomberg. ♪ london and new york, i am mark barton.ie: i am vonnie quinn and this is "bloomberg markets." mark: we are following stocks 35 minutes away from the end of the monday session, check out the figures. stocks europe 600 and 1.9 5%, the biggest rise since the june. the standout market today. 4% higher today. the biggest increase amongst the big four, the most since june and the highest since 2008 after we had a macron-le pen victory. when asked speculating that it will be a macron victory in two weeks time. that is what the polls are telling us. this is the currency moves today. the euro-dollar is the most interesting. 1.2% today.up by i believe you with the bond market, as you can see clearly from this final chart. core falling, periphery rising. ♪ mark: it is 11:00 a.m. in new york. from london, i mark barton. i ame: from new york, vonnie quinn. this is the european close on bloomberg markets. ♪ mark: we will take you from new in the next hour. paris, amsterdam, and washington today. here are the stories we are following from

this is bloomberg. ♪ mark: live from london and new york i am mark barton. i am vonnie quinn. this is the european close. president trump ahead of his lead -- meeting with the nato chief, moments ago the white house released actions designed to streamline the structure of the federal government. it starts the president's pledge to "drain the swamp." joining us now, one of our white house reporters. shannon, explain to us what exactly is in this action? >> it is intended to be the start of a campaign promise to "drain the swamp." but like repealing obamacare it might not be an easy -- as easy as the president is anticipating. the first step they are taking is an executive order which is sort of an open call for suggestions about how the government could be reorganized. the head of omb says he wants to start with a fresh, clean slate. a blank piece of paper and really think, if we were to rebuild the federal government how would we rebuild it? are there agencies that could be broken up? are there things that could be moved around within the federal government?

i am mark barton. quinn and this is the european close on bloomberg markets. ♪ mark: we are going to take you from new york to london in the next hour and covering stories at of dublin and san francisco. here is top stories we're following on the bloomberg and from around the world. u.k. prime minister theresa may calls for a snap election as she hopes to strengthen her hand going into brexit talks. we will look at the chances of the tories putting out a convincing win. vonnie: what did e.u. members think of the decision to hold a snap election? does it mean a harder brexit is coming? we will ask michael noonan. apple getting ready to overhaul the iphone just in time for the smartphone plus 10th birthday -- smartphone's

mark: live from london, i am mark barton.h the european close minutes away, let's look at the bloomberg business flash. look at some of the biggest business stories in the news right now. at caterpillar, emerging from a four-year slump. the world's biggest maker of construction equipment posted first-quarter earnings with more than double the median estimate. caterpillar also raised expectations for sales and profit in 2017, based in part on an improving outlook on china. the chairman of honeywell says europe needs to change its social labor laws. david coke on bloomberg television on the confidence of increasing the workforce. >> look at france. it is very difficult to do business there. if you ever try to lay some of the off or make an adjustment to business, all that teaches you is, i'm not hiring here anymore. mark: he had just stepped down as honeywell ceo after 15 years. costsng up efforts to cut and get rid of unprofitable contracts. jorge eckhard is trying to revive it, and he spoke with bloomberg elevation. networks

and in sport, joey barton's football career appears over.s been banned for 18 months after admitting an fa misconduct charge related to betting. reigning world sneak champion, mark selby has breezed into the semifinals after beating marko fu 13-3 with semifinals after beating marko fu 13—3 with a session to spare. and maria sharapova thank you very much. surrey police have been strongly criticised for returning a collection of shotguns to a man who went on to kill his partner and her daughter. 82—year—old john lowe shot christine and lucy lee at his puppy farm in farnham in 2014. a report by the independent police complaints commission has found serious failings at the surrey force. here's duncan kennedy. the white—haired figure ofjohn lowe moments after he shot dead christine and lucy lee at his puppy farm in surrey. christine, who was a partner, and her daughter lucy were killed with a shotgun. this shotgun. that had been returned tojohn lowe by surrey police. john lowe, seen here at the police station, was jailed for life. today the indep

and its board is at the end ofjoy barton and his football career, the 34—year—old has been banned fortting. ronnie 0'sullivan has been knocked out of the world snooker championships, beaten by ding junhui in the quarterfinals. and british number one johanna konta is in the quarterfinals. and british number onejohanna konta is through to the last 16 of the stuttgart open tennis after beating naomi 0sacko of japan in three sets. more of those stories at 5:30pm. the businesswoman who took the government to court to force a parliamentary vote on the start of the brexit process has today launched a campaign to oppose what she and her colleagues call an "extreme brexit". gina miller says her best for britain initiative will target marginal seats in the general election to try to return members of parliament who are committed to keeping the brexit options open. a crowd —funded drive has already been backed by nearly 10,000 people and raised almost £300,000. i'll be speaking to gina miller in a moment. but first let's hear some of the remarks from today's launch. we know that people are worri

and in sport: joey barton's football career is seemingly over. 18 months — after admitting a fa misconduct charge related to betting. reigning world snooker champion mark selby has breezed into the semifinals, after beating marco fu 13—3 including a 143 clearance, the highest break of the tournament so far. british number one johanna konta is through to the last 16 of the stuttgart 0pen. after beating herjapanese opponent naomi 0saka in three sets. maria sharapova will make her return in the same tournament a little later on after serving out her 15 month doping ban. i'll be back with more on all of that at 3.30pm. patients at a cancer hospital in manchester have been moved after a huge fire broke out. the blaze started in a lab building at christie hospital this morning. there were fears that gas tanks on a roof could explode. the hospital says all patients and staff are safe, and some units including all patient areas have been evacuated. a 24—hour strike on arriva rail north will go ahead on friday. the rmt union said the industrial action wil

the burnley midfielderjoey barton's career looks to be over.s been banned from all aspects of football for 18 months today, after admitting an fa misconduct charge related to betting. between march and may last year, the 34—year—old placed 1,260 bets on football matches or competitions — which is in breach of fa rules. he was also fined £30,000 and warned about his future conduct. barton plans to appeal against the length of the suspension, but in a statement he admitted that the sanction effectively forces him into an early retirement. sunderland manager david moyes has been charged by the fa over comments he made to a female reporter last month. moyes was caught on camera telling the bbc‘s vicki sparks she might "get a slap", after a post—match interview. he has until may 3rd to respond to the charge. a new twenty20 cricket competition will start in the summer of the year 2020, after the ecb voted overwhelmingly in favour of a change in the governing body's constitution. our reporter patrick gearey can tell us more. what does this mean for th

. >> and joe barton and -- joins us.isten to what we have been hearing from the two foreign ministers and looking at body are the comments from russia -- is it just rhetoric? >> i don't think anybody was high-fiving after this meeting. on the bigdisagree issues of whether or not chemical weapons were used. whether a solid should stay. interference in the u.s. election. i think the expectations were maybe low but the glass half full is perhaps they did meet. agreed toith putin, set up a low level committee. this hotline between the two militaries, they do not shoot each other out of the sky. they have resumed that. at the end of the day it may be that they got as much as they could have gotten out of this meeting and maybe they have three months or they can hopefully avoid any big confrontation. in july putin and trump may meet in hamburg. as expectations, while there were no breakthroughs, this might be just as good as it could've been. for one, president putin granted an audience to rex tillerson. what is next? you ment

i am mark barton with vonnie quinn.nks moving up with bond yields, autos moving up on the back of strong auto sales data out of the euro area. by 11%, european car sales in march. biggest decline yesterday, 1.1%, since november. the yellow line is the ftse small cap, the purple the ftse and the blue line the ftse 250. yesterday we saw the foot the wake offtse sink in the the may announcement to call a snap election. sterling's rally pushing the ftse 100 lower and it is down again today. higher and the ftse midcap is unchanged. the ftse down for a fourth day, the worst since march. these are three indices that have rallied since the initial selloff post the brexit vote in june last year. i am not going to show you sterling against the dollar. i am going to show you the intraday swing between the pound and dollar. this chart takes the spread of the high price and low price for sterling on any given date, and it goes for over a year. in the last year the only time this was a wider spread than yesterday was brexit, and octo

in london, i am mark barton. vonnie: in new york, i'm vonnie quinn.n close on "bloomberg markets." ♪ mark: we are going to take you from new york to london in the next hour, plus covering stories out of brussels, zurich, and ay.ssels tod the stoxx 600 pointing ahead to a loss, despite big earnings from ubs. we will hear from the ubs chief executive as his wealth management business searches. -- surges. vonnie: the u.s. expands at its lowest rate in three years. is it a glitch or will give the federal reserve reason the to pause? almost 100 days into

mark: i am mark barton.the bloomberg business flash, some of the biggest business stories in the news. a dubious distinction for goldman sachs, posting the smallest increase in fixed income trading. revenue from bonds trading up 1%. their first quarter earnings and revenue missed estimates. atlantia is exploring a takeover of spanish told giant a burtis and could create one of the world's biggest highly operators. shown interest in a possible deal. anthony's garbage he says the data for the trumpet -- anthony scarlet mucci says the data for the trump administration remains unclear. >> i am unemployed. the good news is, i am not homeless. i still have an office at guy bridge and the deal will close -- sky bridge and the deal will close in five to six weeks. he hadedia reports said been named an advisor to the president. that is the latest bloomberg business flash for this hour. take a look at where european equities are, minutes away from the end of the tuesday session. today is the first proper day back. loo

their experience with the judicial system in their book rest in power, the endearing life of travon barton. that's tonight on c-span to book tv. in his first speech since being fired by president trump, the former u.s. attorney for the southern district of new york talked about his accomplishments, criminal justice, his future plans and his take on president trump. he was a group of prosecutors asked to resign by the justice department in the arch. he was fired after he refused to resign. he spoke at cooper union great hall in new york city for a little over one hour. >> the man of the hour joins a long lineage of men and women who have broken barriers in this historic time. new ideas and the advices of others who have been marginalized. some of the most important speakers in history have stood here, to present, contest and shape the issues of their day. it is here that abraham lincoln made his famous speech arguing against the expansion of slary

congressman joe barton held a town hall meeting in waxahachie texas during the spring recess. questions from constituents included health care on immigration voting rights and his relationship with oil companies. representative barton is serving a 17 term in congress and is a member of the energy and commerce committee. this is just over an hour. >> this is the mayor of waxahachie and this is a county commissioner. [inaudible] [inaudible] c thank you. thank you all for coming. you want to sing a song? is this better? are, thank you. welcome to the waxahachie town hall meeting could i want to thank the mayor. we have done several town halls here. we are going to be very interactive for the next hour or so. i have a few announcements. all the cameras you see around the room are from c-span television. they are not televising it live but they are going to tape it and show it sometime saturday so you might need a c-span celebrity this weekend. also we have some rules for the town hall. this is a conversation between you the constituents in me the congressman. this is not a debate.

and in sport, is this the end ofjoe barton's football career?—fielder has been banned for 18 months after admitting an fa misconduct charge relating to betting. the ronnie 0'sullivan comeback is on. he trails 11-9. british number one, johanna konta is through to the last 16 of the stuttgart 0pen tennis. i'll be back with more on those stories at a.30pm. see you then. will, thank you very much. newcastle united and west ham united football clubs have been raided in an investigation into alleged tax fraud. it is understood newcastle's managing director, lee charnley, is among several men who've been arrested. hmrc said it deployed 180 officers across the uk and france seizing business records, financial records, computers and mobile phones. fiona trott is at st james' park, home to newcastle united football club. what's been happening there today? well, this is where hmrc officers came this morning. they arrived behind the milburn stand, the managing director since 2014, lee charnley was arrested. he is being questioned by hmrc officers this after

andrew barton joins us for more.never we see these missile strikes, the logical question is whether they could escalate. is there potential to launch an aircraft campaign for the u.s.? andrew: it looks like this is maybe one and done, in the sense that they used these tomahawk missiles to hit precise targets. using airplanes becomes more deadly. the advantage of the tomahawks is that you don't have to involve u.s. personnel. pilots involved, the risk of confrontation with russia escalates. they used to have this hotline between the two militaries where they would tell each other where they are to avoid confrontation. russia tells us that is now gone. the risks are much higher. if we have seen anything from the comments since the cruise missile attack, the u.s. will not want to involve aircraft as part of a broader campaign. leads to the next question, could the u.s. impose a no-fly zone? is this a solution? andrew: this is something people have been talking about. a no-flycalling for zone over aleppo. some saying we

this is bloomberg. ♪ and newve from london york, i am mark barton.his is the european close on "bloomberg markets." mark: let's take a look at the biggest stories in the news right now. two of the biggest high-speed trading firms are combining. virtue financial are buying kc g. the deal will represent a major shift for virtue financials. has six times as many workers. we talk with the executive later today. 2:00 p.m. eastern time on bloomberg television. monaco let's get straight to canada now. at the art gallery in ontario for a conversation with justin trudeau and john micklethwait. he set for good measure that we will get rid of nafta, once and for all. i think this is your first chance to give your reaction to this constructive dialogue. [laughter] would you like to take it away? of theeau: one fundamental things that canada knows and canadians know is that trade can be a tremendous driver of economic growth. one of the challenges that we have seen and the rise of populist or nationalist politics around the world in the past years is a reflection

mark: i mark barton. this is the european close on "bloomberg markets."r the bloomberg business flash, a look at the biggest business stories in the news right now. goldman sachs is getting ready for brexit. startear the firm will moving london-based staff and operations to new or expanded offices inside the eu. goldman says it will relocate client facing staff to cities including madrid, milan, and paris. no word yet on how many people will go where. u.k. fellices in the in april by the biggest amount since 2012. according to the nationwide housing society, prices dropped for 10th of a percent. it was the second straight monthly decline. that may be a sign of deeper consumer weakness in the u.k. sony forecasting its highest operating annual operating profits since 1998. the japanese company continues to dominate gaming. it is showing strong growth in phone camera chips. that validates the strategy of the chief executive who has put less emphasis on consumer electronics since taking over sony in 2012. that is the latest bloomberg business flash. botc next

from london, i am mark barton. vonnie: from your, i'm vonnie quinn. the european close on bloomberg markets. vonnie: a safe use to london in the next hour plus with toys out of washington, zurich, and thailand. here are the top stories we are following on the bloomberg and around the world. advises some of the 5th street date of financial services in thought tech sector is driving the valley as investors since it is to shrug off political risk theories vonnie: in banking, credit suisse ceo tells bloomberg why he is changing the turnaround plan at the bank. plans in favor of a rights offer. about twop your just hours away from getting more details about trump administration plans to overhaul

in heyward, it slows from 238 to union city and the dun barton bridge, not bad.rowded and approaching highway 101 and 680, concord and we're seeing the slow traffic here and into the walnut creek interchange. it's going to be slow, steve. and there is the fog we're talking about the traffic is backed up for a 20 minute delay and let's bring in steve with the forecast. >> and fog and low clouds. it started on the golden gate bridge and earlier, they're out rowing. >> man, that has to be cold. >> and probably. >> once you get going. there is overcast over the bay and estuary. over oakland and really thick for spots. you have to tell us the dog or cat's name. and is raleighlo even easternia foggy and cloudy and drizzle. and some areas getting more than that and that is why i am saying light rain and clearing tonight and tomorrow. eye good system for april into the four corners and that is a major severe weather producer into the texas and plains. you can see everything from the northwest and the high hasn't build in strong enough and this will give us a lot of cloud

congressman joe barton held a town hall meeting in waxahachie texas during the spring recess. questions from constituents included health care on immigration voting rights and his relationship with oil companies. representative barton is serving a 17 term in congress and is a member of the energy and commerce committee. this is just over an hour. >> this is the mayor of waxahachie and this is a county commissioner. [inaudible]

the 18—month ban given to burnley midfielderjoey barton, for breaching gambling rules, has come underst possible suspension, it could have given to the player, under its current rules, but his club manager, says the punishment handed down to barton, who has admitted, he is addicted to gambling, is too harsh. one of the most obvious things that springs to mind when i was a younger man was the legend that is eric ca nto na man was the legend that is eric ca ntona kung fu man was the legend that is eric cantona kung fu kicking somebody, i think he got a nine—month ban. you are looking at somebody, although i must medically, we know the rules, don't gamble on football when you are in football and that is clear, and he knows that. when you think the fa made it clear there is no intent of anything other than his personal gambling, they have made it clear his integrity is intact, nothing about trying to change games orany of nothing about trying to change games or any of that, or consortium betting, just his own personal situation. you think 18 months seems a long time to me in lieu of some

mr barton, let me begin with you.e funds, which includes £200,000 at our school, are being lost from being targeted to those youngsters. according to the survey, two thirds of head teachers like yourself are using the money to plug gaps elsewhere. you haven‘t yet but you might if things continue to be stretch next year? it's inevitable. i was speaking to a good friend of mine who is a headteacher in the north—east and needs to make a saving of £170,000 this year. the only way to do that is not by not buying textbooks, is by reducing class sizes and teachers. everybody will be disadvantaged. its pragmatism over principles. that‘s what we need to do to make sure every child benefits from having a teacher in the classroom. the 200,000 you get from the pupil premium money, how much do you reckon you will spend on other things apart from no next year? reckon you will spend on other things apart from no next year7m the coming year we have plans to make some changes to the curriculum in the sixth form. we think the pupil pre

mark barton in london with your data check. mark: looks as if the five-day winning run is sputtering or stuttering. choose your word. down by 0.1% today. the stoxx 600 boosted by results of the first-round of the french presidential election on sunday. the optimism is among investors that emmanuel macron will emerge victorious. euro-dollar, we've been as high as the november high yesterday, just crossing 1.09. the recent rally also spluttering, stuttering, or spluttering. german 10 year yield was at a end of march high yesterday. yields creeping up in germany and across europe. towardsd a propensity riskier assets this week in the wake of the french election. nymex crude, big stockpile data today. down by 0.3%. 49 .39, francine. francine: stockpiles really in the last couple months have been able to change. now, mark, let's get straight to the bloomberg first word news. here's nejra cehic. nejra: donald trump is set to propose a 10% tax on more than $2.6 trillion in earnings that american companies have stockpiled offshore. tha

abigail: that was dan fox with mark barton and vonnie quinn.ime now for the bloomberg business flash. a billionaire saying it is a surprise for the premature rejection of a proposal to overhaul the world's biggest miner. and once stake in bhp the company says been off -- s the company to spin off assets. proposalof the outweighs the benefits. butays that -- altice suddenly in recent years. bidsal attracting up to 15 , according to people familiar with the matter, saying that bidders will be shortlisted this week. l'oreal said last month that it was exploring all strategic options. azulrazilian airline phrase more than 9% after a trading debut today that had been delayed several times. it raised $520 million in the sale as confidence in brazil shortly right -- slowly rises. that is your business flash update. joe: coming up, what you need to know for tomorrow's trading day. this is numbered. -- bloomberg. >> and live a bit of a volatile session for stocks. this.miss chinese might inflation data out at 9:30 p.m. eastern. " coming up tomorrow on b

gary palmer followed by joe barton and then ted deutch. tuesday a panel of set us

. >> texas republican congressman joe barton held at townhall meeting in waxahachie texas last week. constituents asked him about health care, immigration, voting rights and his relationship with oil companies. >> so this is the mayor and this is a county commissioner. [inaudible] >> thank you. thank you all for coming. you don't think it's on? you are probably right. is this matter likes all right. thank you. welcome to my townhall meeting. i do want to thank the mayor for letting us use the city hall. we've done several town halls here. we're going to be very interactive for the next hour or so. i have a few announcements. all these cameras you see around the room are from c-span television. they are not televising it live but they are going to tape it and show it sometime saturday. so you might be a c-span celebrity this weekend. we have some rules about our townhall. thithis is a conversation betwen you the constituents and me the congressman. this is not a debate between the gentleman on the front row and the lady over there with the american flag t-shirt. if somebody says somet

. >> reporter: no is above being a tanisha barton spoke out after a former lover tried to sell a tape of the o.c. star. >> someone i loved and trusted was filming my most intimate and private moments without my consent with hidden cameras. >> reporter: and there were other charges including felony threats and stocking, but 2.5 years of the sentence was just for the revenge porn or unlawful disclosure conviction alone. advocates say it's a huge tool in the fight against domestic violence. >> stephanie, thank you. >>> the navy and marine corps decided posting nude pictures of service members without their consent is now a crime. it comes after hundreds swapped pictures of naked colleagues in a private face group. >>> fox news has booted bill o'reilly after allegations he sexually harassed women at work. reports that fox and o'reilly paid his accusers more than $15 million to keep quiet. tonight he is calling the allegations completely unfounded but linda korea looks at the firing and says get ready for more. >> i think you would want to look at what the culture of the place is and wheth

. >> we did have an accident inner loop of the beltway by clara barton parkway.e are no residual delays. that's honestly the only accident we have at this point or had. there's no unusual construction either coming off this holiday weekend. you just have your typical shutdowns at like 123 this morning, beach drive, but nothing unusual. we do have safe track surge 14 work starting on the green line. it will be our first major morning commute with it. we'll see how things go. >>> d. c. rising, taking care of atlanta in ga the hawks are the ones who knocked us out in 2016. final score 114-107 was not that close. john wall with 32 points. game 2 wednesday night right here fo us. >> the nats also a great start, they also won yesterday against the phillys. bryce harper hits a game winning 3-run homer. the nats have a 7 is and 5 record. they're going to play tomorrow in atlanta against the braves. >>> game 3 for the caps versus toronto maple leafs. the series is tied 1-1. the home team lost by a point. they're still confident they believe they're going to do well even a

it happened near the done barton bridge toll plaza shortly before 10:30 last night. the driver of a mazda died. their car, as you see, was crush. the driver of a second car, a gmc suv, suffered minor injuries and was taken to the hospital. the accident called all west bound lanes for hours overnight. the chp cleared the scene before the morning rush. >>> it is quiet outside right now, but we are on storm watch for thursday and friday. let's talk about our storm impact scale. what you should expect. we rank the storm, this one a moderate one. it is going to come in in two phases, one thursday night into friday morning and another into friday evening. thursday will be the strongest one with heaviest rain and winds. we have a chance of lightning and thunder and small hail with friday's storm. first of all, we know it will be wet. i will show you all of that, the hour-by-hour look and how much rain to expect, but the high wind watch is something to think about tomorrow from 9:00 until 11:00 friday morning. while we're sleeping and trying to get to work, gusts could be co

and barton tied it up in the third putting the game into overtime. carlton scored less than 3 and a half minutes into overtime, giving the sharks a win and a 1- 0 lead in this best-of-7 series. the game 2 is in edmonton tomorrow night before the series moves here to san jose on sunday. shark fans who couldn't make it to edmonton got together with some of their -- at some of their favorite bars and restaurants near the shark tank to cheer for their team. the rookies in downtown san jose is quite obviously shark's territory. you see the sign? the crowd was relieved to see the center was back in the lineup after he was hit in the face with a puck three weeks ago. the fans are hopeful the sharks will play long enough for thornton to get back in the game after the leg injury that is still healing. >> reporter: am disappointed but i hope he comes back later in the series. i think -- hopefully. >> you don't think -- to get in. once you get in, really, anything can happen. >> the sharks organization is hoping to spread shark's fever across the bay area. so h

barton plans to appeal against the length of the suspension. year's world cup in russia will have video refereeing. infantino says fifa have had nothing but positive feedback since trials of video assistance began in their competitions last december. it was also triallewd at the recent france versus spain friendly in paris where a goal by france's antoine griezmann was disallowed by the video ref. -- it —— it was also trialled at the recent. former world number 1 maria sharapova is playing herfirst competitive match since returning from a 15 month doping ban. the russian controversially received a wild card to compete at the stuttgart 0pen. the five—time grand slam winner is playing italy's roberta vinci. winning the first set by selling games to five. she took the second set 63. stuttgart beat her opponent... a new twenty20 opponent... cricket competition will start in the summer of the year 2020 after the ecb voted heavily in favour of a change in the governing body's constitution. 0ur reporter patrick gearey looks at an historic moment for e

(john turturro) they're not as much of a pill as "barton fink" is. (woman) let's get to work.t's late, morrie. not anymore, lil, it's early. we were doing a love scene with judy davis and they had written originally there wasn't all this kissing. and i don't think she ran her hand through her hair and then they wanted to do it a little bit different. and i didn't want to. i said, "listen you guys, i have to defend the writers here." and they were like oh, yeah, well, to hell with the writers. i said, it should be really like he's a virgin and everything. and then we came up, i said, "well how about if, you know, she takes my glasses off, totally undressing me?" he looks like a little raccoon, he's a little scared child. when we saw it in dailies, ethan said, "that's really romantic." so i said, "it could use a little touch of sensitivity before what's going to happen, you know." (narrator) producer joel silver, known for the blockbuster films "lethal weapon" and "beverly hills cop" was attracted to their distinctive style. i'm proud to be involved with joel and ethan. but i do

♪ mark: i am mark barton in london. here is nejra cehic.a: emmanuel macron marine le pen have topped the first round of the presidential election. the result triggered a runoff on may 7 between two radically different visions of the country's future. macron, an independent, had 23.8%, and national front leader le pen had 21.5 percent. a snap poll suggests macron will defeat le pen by more than 20 percentage points in the second round. the result triggered a relief rally on global markets, with the euro jumping the most in a month and stocks rising strongly across europe. the selloff in chinese stocks has deepened, with the shanghai composite deepening the most in three months amid concerns regulators will get tougher on leveraged trading. the government said it will strengthen a crackdown on irregularities, echoing a securities watchdog days earlier. jack markell alibaba is warning society should prepare for decades of pain as technology disrupts the economy. change the world must education systems and establishment to work with robots to h