get out to betty liu because we have a special show coming up inside the power of one strategy at pepsicoting to leverage beverages and snacks? let's get to betty. >> we will have an exclusive interview with the pepsico ceo. boomer television is going inside pepsi. now inside their research and innovation center. just outside of new york city. we are going to be speaking with her about pepsi for a new generation. a new generation of snacks and food and how they leverage the two to drive growth. around me right now is all the products that they have brought from around the world. we will be testing out some of these products and i will tell you how they taste. we are going to be going inside the test kitchen at frito-lay. i went down to find out how they onto acken and waffles potato chip. it takes a lot more than what you think. we went down to the gatorade science center in florida to see how they are really tailoring gayer. -- tailoring gatorade to the athlete. how they made the formula even better for those who want to get healthier. we will be inside pepsi all day long. bettysure to t

in this excerpt of betty liu's exclusive interview among mr.on talks about being such an outspoken man. you ask me a question and i try to be honest. maybe i flunked diplomacy 101. i could never be a liar. i can only tell the truth. i could be -- would be a very bad liar. >> mr. adelson also says he knows it takes more than gambling to draw his customers to his hotel. >> i look at las vegas, and my first time here and i see that -- >> it's the capital of adult entertainment. >> that is right. there are shows, restaurants, all forms of entertainment. there's a big ferris wheel i see dotting the skyline. >> by the way, i don't think the ferris wheel is going to do very much. there are ferris wheels all over the world. >> have you been on that? >> no. >> do you ever plan on it? >> no. we have a ferris wheel, the singapore flyer, right next our property in singapore. it's for the kids. to go was a kid, i love on the ferris wheel. i'm still a kid, but a little bit older. >> what i'm driving at, though, is that there is this need among casino operato

betty liu, thanks for joining us on her show will begin at 8:00 a.m. ay to betty? silent. apple is trying to recapture its cool it makes dr. dre a billionaire in the process. it's a possible $3.2 billion acquisition. this is "bloomberg surveillance." ♪ >> we need to hear from you right now about our twitter question -- have aovine and dr. dre heritage in music and apple is curious about dr. dre. like that eric said it needs to recapture its cool. fact, tom asked the question two years ago -- is apple cool anymore? >> can you imagine steve jobs doing this? i cannot get there. >> he would build it himself. he would not buy it. this is the post-steve jobs apple. >> the ceo of sprint was on "market makers" a couple of days ago. this is not a shameless love because it happened in the past. spotifyas joined with and htc and also harman cardin to develop a phone. thatoint he was making is there is a market for this phone because apple blew it on music. two days later on what we learned that apple plans to buy beat not just for the headphones but the streaming

i am betty liu, you are "in the loop."re waiting to hear from the fed chair, janet yellen, and what she has to say and what she has to say in just about one hours time. alibaba has turned out to file for the biggest ipo ever in the u.s.. they may raise as much as one $2 billion. shopping with the #, what can you do with the new joint venture between twitter and amazon? more on that in a moment. one thing they did not tell us in the filing is which exchange they are going to list on. the nyse or the nasdaq? julie hyman has gone through all the trouble, so who has the edge here? >> it is hard to say who has the edge, exactly. both of these exchanges have their pros and cons. analysts were hard bent to say one over the other, that has initially been the text listing place -- tech listing place, but we will get to that in a moment. i want to talk about why the exchanges care so much. when you look at the revenue nysedown, the owner of the , they are listing a very small part of the overall revenue stream. on a pro forma basis,

i am alix steel, in for betty liu.is 26 minutes past the hour. bloomberg tv is on the markets. we're looking at futures pointing to a lower open, but really you could call them flat. the s&p is off just .2%, still treating around 1890. yesterday, the s&p was able to surpass 1900 for the first time ever, but not able to keep that steam. the nasdaq is off by about a point. we are on the markets again in 30 minutes. according to truly a, the american home slipped further out of reach in 2014 -- 2013. mortgage rates are up, and incomes are not, making homes in popular markets less affordable for the middle class. with me to look at where the prices are hot and where they are not, a chief economist at truilia. what is the criteria? >> we look at whether homes are in reach for the middle class. we compare the median income in the metro area to 31% of the cost of housing. thumb is your mortgage payment, taxes and insurance should not be more than 31% of your pretax income. incomes differ. the typical household in san francisc

i am betty liu. the deal is done.ng out details, at&t has agreed to buy out directv. -- it will go along with its phone, wireless, and broadband services. astrazeneca has rejected what pfizer calls its final takeover bid. possible hundred $17 billion offer is too low. pfizer will not go to shareholders for a hostile takeover. the u.s. is bringing cyber espionage charges against officials of another government. the justice department has filed charges against chinese military officials. they are accused of stealing military trade secrets. for more on the u.s. legal action, the first of its kind against china, we want to bring in phil mattingly.

i am betty liu. apple is on the verge of buying the electronics.ag, $3.2 billion, apple biggest acquisition ever. casinos in new jersey are looking to bring in more money. his online gambling the answer? we will talk to the president of allow onlineino to gambling. ralph laurens short of estimates. target shocked investors ousting the ceo, replacing him temporarily with cfo john mulligan, while it launches a search for a full-time later. target is among major retailers that needs a new ceo. inrican eagle lost its chief january. mikeney brought back ullman, but not necessarily on a permanent basis. lou d'ambrosio is the former ceo of sears. he knows firsthand how hard it is to please consumers, and he , thee former ceo of avaya tech company. you actually were a retail ceo that came from another industry. how hard is that? record couple of things -- retaliation eight -- >> a couple of things. cal is a tough industry. rings that differentiate retail -- it is 24 hours a day. there are hundreds of millions of transactions a year. the industry is going t

all day today we're taking you inside pepsico with a series of reports and interviews with betty liu.ning me now from pepsico innovation center in new york. today yum! brands said greg fact will replace david no january first. pepsico used to own yum! brands and still have contracts with many of the restaurants, including talk about. >> that is right, long-term contracts. it used to be a part of the pepsico fold until they spun out the restaurant business back in the 1990's. he still collaborate together very well. dorito locos last summer? i said how does the power of one, leveraging beverages and snacks enter into the food service business? here is how she replied -- i think the food service industry is just at the very beginning. food service equipment innovation. what we have done with all of and testingvations of consumers is already so much excitement that i think in the next five years, food service will be one of the most interesting progrowth opportunities for pepsi. here instanding right one of pepsico kitchens where they cook up recipes. they cook up chips and chicken and w

your "in the loop," and i am betty liu. here is what we are the -- working on.er record. facebook is asking european antitrust authorities to review its $19 billion takeover, allowing facebook to avoid antitrust probes in individual countries in the eu. a new ceo for perla weinberg partners. he is a former treasury department official, bob steele, who was former ceo of colby a bank. valeant pharmaceuticals has raised its unsolicited takeover offer for allergan, boosting its offer by $10 a share after the original bid was rejected by the company. for more on this re-up offer, i am joined by deals reporter cristina alesci. tell us the strategy here. >> clearly, valeant is trying to put pressure on shareholders by sweetening the bid, and if you look at how much the bid has come up, it is at 166 a share, versus about $162 a share, a significant -- $152 a share. valeant had to do something because the where -- they were trading above the asking price anyway. another portion of this that sweetens the deal for allergan shareholders is this contingent value right, which

i am betty liu. is a look at the headlines -- china wants banks to replace servers from ibm with those made in china. an ipo is planned for your own next. -- euro next. they operate the amsterdam and paris exchanges. the one worldrk, trade center skyscraper is cutting its asking rent by 10%. released justeen months before its official opening. no private office 10 has signed a lease in almost three years. it is 26 minutes past the hour. bloomberg tv is on the markets. correspondent scarlet fu has more. >> thank you so much, betty. it is time for futures in focus -- brent crude contracts are trading at a four-day low after the ukrainian elections where vowed tooshenko has wipe out the separatists. for more on the commodities, i am joined by dan baker. , why is the ukrainian election moving oil prices more? >> derek dooley will things going on, and most of what is going on is in this country where there is an increase in supplies, where we are rushing into cushing and the gulf coast. that is doing is f

betty liu is on assignment inside pepsi. markets.get you caught up on futures in the last moments before the opening bell. teachers have actually turned around. much&p and dow futures and flat and nasdaq gaining about 0.2%. we did get jobless claims unexpectedly rising to a nine-month high but on the upside u.s. consumer spending came up, rising almost one percent in march, the biggest monthly gain in nearly 40 half years, and of course, the focus to the monthly jobless report -- the biggest monthly gain in nearly four and a half years. motorola's solutions, the $16 billion communications equipment company that just reported earnings, the company has been slimming down and shedding units like the handheld scanner business that it recently sold to zebra technologies for 3.5 billion dollars. i want to bring you my colleague jon erlichman, former west coast correspondent. break it down for us. what are your big takeaways? >> i think what is interesting is just leading up to the results you highlighted. this is a company that just fit a

i am betty liu. here are our top headlines.enney is reporting its first quarterly sales gain in three years. they are still losing money, but reported a narrower an estimated loss in the first quarter and bolstered finances with a larger credit line. chesapeake energy announced this morning they are pushing ahead with a spinoff of its oil fields services business as a part of the plan to repair its balance sheet and cut high spending programs put in place by the cofounder and former ceo. darden restaurants is selling its read lots their brands to golden gate capital for $2.1 billion. it will do a new share about $700program of million, trying to shore up its balance sheet, and sell off some under-performing assets. now, it is 26 minutes past the hour. bloomberg tv is on the markets. a littletures are just bit lower. we are awaiting more economic data this morning, including housing starts and you lean permits, -- building permits, always key indicators of where the property market is going. we are on the markets again in 30 min

i'm betty liu. this is "singapore sessions."ht, billions of dollars at stake in the billions of bits of data that are being selected all around us. how can companies capitalize in retail and communications? we will be asking to maters -- masters -- two masters.

you are "in the loop," i am betty liu.ate to legalize marijuana for medical use as the state senate votes today. talking to the ceo of medbox, a vending machine that dispenses medical and recreational marijuana. what does he have to say? a look at see sweet shakeups. cfo astably, target's bloomberg hosts a conference. the importance of being number two at a company. a look at oure's top headlines. credit suisse ceo brady dougan says he has not considered resigning. speculation about his future even before credit suisse pled guilty to charges it helped americans evade taxes. a warning from dmitry medvedev, he told ryan chilcote the u.s. and eu are risking a return to the cold war. he d

i am betty liu.is seeking partners on its $70 billion bid for alstom. -- $17 billion bid for alstom. campbell soup reported better than estimated third-quarter earnings. it now expects sales to grow above three percent, down from a previous range of four percent to five percent. "godzilla" towered over the competition. the remake took in $93 million in north america. warners produced by bros.. bloomberg television is "on the markets." scarlet fu has more. >> it is time for futures and focus. copper futures rallied more than two percent last week. that is the most since march. joining me with a look at where copper prices are heading and how you can make money off the .etal, greg binder greg, let's start with you. what is likely to move the price of copper. correlation with other commodities, part of the risk on, risk off with other asset classes? >> the theme seems to be housing. if you look in the u.s., last week we had better than expected housing starts in april. lower yields for more affordable m

i am betty liu. surprising jobs report.t have as much of an impact on equity futures. 280 8000 jobs, the most in more than two years. the jobs rated a 5.5 your low, the unemployment low,fell to a 5.5 year falling to 6.3%. there looking at all of data behind the headline number. it was surprising that there was a spike ended immediately came down? >> it is another sign that people are not taking the headline number for what it is. medianell above our survey. good news at first. we saw a cody futures spike higher. immediately, investors started to read between the lines and see the details and there were troubling signs. the household survey disappointed. labor force participation rate continues to come down. wage rate disappointed. this could be the fulcrum that move the markets. whatoks like that is happened. wage growth did not grow in line with what we expected. economists want to see it, more because that is -- see itt is the more because this market. >> this was priced into the market. the data have all pointed us in th

alix steel is in for betty liu., everyone. >> good morning. >> happy cinco de mayo. stocks are falling after the eu cut its forecast. there are concerns. footer's biggest 's biggest-- twitter investors plan to hold onto their stock. selling.nders are not alibaba is on the verge of one of the biggest ipos ever in the u.s. around $16g to raise billion. its ownership structure may give investors second thoughts. general motors announces yet another recall, this time for 52,000 suvs with potentially faulty fuel gauges. this comes as customers seek to recover economic

i am betty liu. here are the top headlines this morning. it is here.hat may be the biggest ipo in the u.s. ever. the e-commerce company might raise up to $20 billion, surpassing facebook. will this be a twitter hit or a facebook flop? aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york time. we start with. coverage of alibaba, which could be the largest u.s. ipo ever.

this was a conversation with betty liu. >> we are working on some things. >> you said that last time. are working on more things than last time. but are not very huge, there's enough going on that i would hope, maybe one or two that would materialize. we will find out. already in omaha for the meeting and he spoke with betty about some of the things we can expect when mr. buffett talks the stage -- takes the stage. he will be answering questions in front of thousands for five hours. >> there are a lot of people who have looked to buffett as their moral compass for how ceos and investors should behave. a lot of people i've been speaking with here in omaha thinks that there are some real inconsistencies about what he has said and what happened with that. i expect he will try to address that very soon. wintergreenters, advisers, out with another statement this morning saying they want coca-cola to change their equity plan. the other notable thing about the meeting this year is that buffett could not find a bear to sit on stage to ask him questions. wonder if that has been given any type

bloomberg got an exclusive interview with him and betty liu joins me live now with more on this.ry vocal of his concerns about online gaming. he has been pretty explicit. did you talk to him about this question are >> yes, we did. we focused a lot on that. you know him, he is never one to back down from any fight, even when the odds are stacked against them. is getting ridg of online ambling. more, saying it's taking advantage of the poor, something he knows up close and personal about as the son of a boston taxi driver. he says there's a big difference between gambling and -- ambling in a casino versus going online. >> here, and the land-based to see those, we are required to have the dealer shuffled cards a certain way. how do you do that on the internet? here, we are not supposed to allow underage people to gamble. how do you do that on the internet? there's no technology -- >> maybe the regulations have to catch up will stop >> there's nothing to regulate. i'm regulated in four different jurisdictions and i don't know one that would apply to internet dating. reason -- compell

i am betty liu. we start overseas -- india's biggest election victory. ousted the majority party. back in the u.s., the car -- have youtup uber used it -- it is about to triple his valuation to billions. it might be 10 alien dollars. -- billion dollars. abbott labs has agreed to buy cfr pharma. new developments in a credit suisse banking settlement. bloomberg has learned the company has reached an agreement pay 2.5 guilty and billion dollars to the u.s. justice department and regulators. for more, we are joined by bloomberg finance reporter keri geiger. what do you know? >>

. >> she will be with betty liu today.here is blood in technology. 11,000-16,000 jobs are set to go at hewlett-packard. this is to save about $1 billion .er year additional by 2016i was looking at company notes and jefferies analysts point out that the earnings per share benefit for 2014 will be 1-2 cents from these job cuts. it comes down to help meg whitman has to engineer these job cuts as sales take time to recover because they need to keep the profit numbers going. the cost cuts are the way to get there. this is the story of old technology. hewlett-packard earnings shrank in 2012 and shrank in 2013 and this year, they are forecast to rise only three percent. that is the problem >> piper jaffray's says -- where will the growth come from? >> with that is the creative destruction of what america does about technology. robert hormats is with us. you did for secretary clinton, you went at ibm andworld ends hewlett-packard are good people to do business with. what do we need to do at the margin to sustain the revenue growth

i am betty liu. they are has agreed to buy the merck consumer unit for $14 billion.tin. letting you shop by hashtag, customers can add them to your shopping cart. twitter teams up with amazon. be spending more on twitter advertising in return. the counterterrorism hero, jack bauer, has returned after a four-year absence. the new series debuted last night. we will hear from him in just a few moments. first, sergio is holding an the hills today, a five-year business plan. matt miller joins us from that event. what is he expected to say about this five-year plan?

joining us right now, betty liu. what is on your show in about 15 minutes?his art is -- he continues to sniff around. hisas backed down from firm. he is the chief strategy officer. he handed over the reins to his executives. he stepping back and looking at the big picture. he continues to focus on europe. one country that is new for him is greece. he has gone into greece to privatize one of the banks there. we will talk about that experience. >> sounds great. wilbur ross coming up. time for morning movers. synergy is in the air. --bidding $1.6 billion for kindred is looking to expand. nursing a big move up. 62%. trillion of deals have been announced so far this year globally. >> steven levitt with us from the university of chicago. do you trust the system? do you trust all of the fancy suits and ties? >> i don't know. who knows. why trust them to make good choices? >> for society. >> i believe the markets and capitalism. i would rather have those guys deciding how to do it than the government doing it. wish they would read my book. looking up certainly for s

steel in for betty liu. it was a good night for mainstream republicans. senate gop leader mitch mcconnell defeated a tea party candidate in the primary, the tea party also lost in georgia, pennsylvania and idaho. the u.s. may seek several billion from bnp paribas. they are being investigated for sanctions against iran and japan. agreement with russia was vladimir putin visited russia. the federal reserve meeting at 2 p.m. today, get ready for higher interest rates. michael mckee is here with the real idea about how this will raise borrowing costs and how soon. when.etter question of this is widely seen as are presenting the views of janet yellen, a roadmap, on how fast unemployment is going down and inflation is going up. expect a quick movement from the stopand the old plan to the reinvestment of materials -- is off of the table. willare worried everyone overreact as if they wrote -- rate increase was imminent. they are just going to raise rates. debate,e is a bit of a but the interest on excess reserves -- they will just leave the excess cash at the fed

i'm betty liu.dicate stocks will be little changed at the open. facebook shaking up its privacy policy. the social network making it easier to restrict information to just your friends. hewlett-packard ceo meg whitman plans to cut 16,000 jobs. sales have fallen for 11 quarters in a row. another company making headlines is ge. the company extending the deadline of its $17 billion offer for alstom's energy unit. politicians are seeking a better offer. ,or more on the takeover battle matt campbell is in london. -- what can bes done during this time? >> this is more time for the french government to essentially try to insert itself into these negotiations between alstom and ge and to give siemens, which is a rival bidder more time to work on its own bid, which some very prominent french politicians have said they would prefer. it is important not to ascribe too much importance to the role of the french government here. obviously, they have the bully pulpit. their pronouncements are reported by the press

i am betty liu. bloomberg television is "on the markets," and scarlet fu has more.cks are under pressure as well because of declines in indonesia and thailand. otherwise, it is pretty quiet. we should note that the aussie after is weaker australian reserve bank minutes showed it would likely create interest rates at a record low. the euro is under similar pressure because of expectations that european central bank will add to stimulus. lots to look forward to from the central bank in the coming days and weeks. we will be back "on the markets" in 30 minutes. >> scarlet, thank you. let's count down the top 10, the only traits you need to know about. scarlett stays with me and a julie hyman joins us. the billion-dollar pursuit of astrazeneca is likely to fail because it u.k. takeover laws prohibit a u.s. company from sweetening its offer after it declared its final. largestr nine, canada's gas producer, up 30% since the ceo took over last year and his makeover is going faster than planned. the former bp executive is liquids to oil and gas with an influx of north americ

"in the loop" is up next with betty liu. ♪ >> good morning.here: up eightie & fitch percent in the market. loss wasst-quarter less than expected. plus, sales beat estimates. also, a report shows how social media may have helped iranian hackers obtain secret information. you will want to tune into this report. a big takeover in the health care industry. another one. agreed to by sheridan. in cash and stock. back to the consumer retailer. costco reporting earnings this morning. digging into the numbers at costco, julie? trend we have s

.- with betty liu >> and in-home soft drink could be something in the future.that happens, we don't know. >> she went on to say she is not committing to a single technology when it comes to and in-home soda machine. promotions and cheaper plans helped t-mobile get 1.3 million new monthly subscribers. and consumer spending surged the most in march in almost five years. household purchases climbing 9/10 of a percent. economists say it is time -- a sign the u.s. economy is hitting -- is gaining momentum heading into the second quarter. >> nba hall of famer david robinson -- david as as allen mastery mentor. -- lasry also knows about mentoring. robinson joins me now by video from san antonio, texas. clay clark.here is what is drive 15? >> it is a website that provides practical education for entre knowers. if you ever wanted to start a business or grow a business, it teaches you what you want to know to grow a business, but your teachers are people who have actually done it. >> they are not giving away the advice for free. there is a cost and subscription. how do y

betty liu hosted a roundtable on the issue. her guest was the cinnabon president.president of the economic policy institute. going to be always people who take advantage of the system. that is why i do believe in a minimum wage and in some cases, it absolutely should fill up. no one should be under the solution -- the solution that it does not affect the job. it affects the business owners, unit level economics. they will either raise prices to such a degree that they price themselves out of the market and it causes compression and other areas or they will trim and cut hours. >> she is leaning on the government. they are leaning on the special taxo pay payments, food stamps for workers. they are relying on subsidies from the government now. their workers cannot live on $7.25 an hour. all the public supports that taxpayers pay for incident the business that should be paying for them. >> biddy joins me now in studio. what was the take away from the debate? of the fasthe fate food worker has changed since the 1970's. our first be that jobs might be going to mcdonald's

i am betty -- betty liu. to make the midwest -- and what he thinks about raising the minimum wage. here's a look at our top headlines. sales keep tricking at best buy. fell moreter revenue than three percent, and i frequently you drop. dd.com starts trading at the nasdaq. an activist wants to boot the entire board -- it has agreed to sell its red lobster chain. him -- over in russia, missing petersburg forum is underway. this is overshadowed by the conflict in ukraine and clinical tensions with the u.s. for more, i want to bring in ryan

my colleague betty liu will sit down with warren buffett live at around 2:30 new york time. mr.uffett will be in omaha where 4000 children have submitted business plans to be in the warren buffett secret millionaire's club. the finalists will present their ideas to mr. buffett and a team of judges on monday. grand prize winners will receive $5,000. join us on monday for betty with warreniew buffett. the pace of home construction while 13.2% in april consumer confidence unexpectedly fell from a nine-month high. dean maki is a chief economist at barclays capital. he joins me from his firm here in new york. good to see you here. >> good to be here, mark. of that came from apartment construction. what does that tell us about americans' inability or lack of desire for purchasing single-family homes. >> there are a lot of reasons. the big reason is the homeownership rate in the u.s. has fallen substantially. those people who used to be homeowners are becoming renters. we are also seeing people move out of their parents houses, for theple and going into rental market. that is why the r

>> betty liu is here. she is going to take us to the jobs number.ound up the discussion on it? trusthave a big brain with us this money. alan krueger is going to be joining us when those numbers break. , his reaction to the jobs data. be in oner is going to the conversation as well. finally, jason furman. he will give us the white house view on the future of jobs. >> the guy before him was hit or miss. >> i know. what happened to him? >> we found him! >> i'm a huge fan of jason furman. >> he is going to give his own view. >> come on, alan. at 8 a.m. tarting new york city's bike sharing program is looking for an investor so it can expand. i'll to bicycle share has been term withing a equinox. bikes and6000 city talk of expanding it. it launched last year and has more than 100,000 lenders to pay $95 a year. the company wants to raise the price, saying higher-than-expected usage among new yorkers is hiding it -- hurting its own line. >> is a degrading taxicab services? >> that's your vote on uber charging too much. >> i'm using it because i can't get a

i am betty liu. futures indicate stock slightly higher.losed down yesterday, that ended a quadra-day winning streak for stocks. the economy did worse than expected in the first quarter. gdp actually shrank for the first time in three years. and dish network will become the biggest company to accept bitcoins. dish subscribers can start paying their bill with bitcoin by september. apple sealed the deal. the world's largest music seller among many things agree to buy the electronics for $3 billion. iphone maker's largest acquisition to date. beats cofounder jimmy iovine spoke at a conference. take a listen. that loses its point guard needs to change its offense a little bit when they get a new team in, and they are adding pieces. they have andrew from burberry who is brilliant. what a great choice that was. i had a meeting and i went wow, she is incredible. there are other people have added to the team that are amazing. isnnie, you know, the guy incredible. steve put the greatest team in the world together. >> he is drinking the apple kool-ai

he will be with betty liu in the 8:00 hour. somehow they will get politics into that discussion.his is "bloomberg surveillance," with adam johnson and scarlet fu. janet yellen mentioned how housing is a risk for the economy and elaborated on problems in the labor market but she predicted a strong spring rebound and the second quarter. easy monetary policy is not going away. we are joined by en shepardson on the phone. let's start with the housing risk that janet yellen highlighted. in contrast to a recent fmoc statement submission this in passing, it was interesting she could pointed out as a concern. how important is housing to the overall momentum in the economy? >> it ruggedly not quite as important as the fed seems to think. i sometimes say the fed is almost as obsessed with housing as the labor market. i'm not convinced it is absolutely essential that housing keeps charging upwards in order for the rest of the economy to grow. it's a relatively small share of gdp now in terms of housing construction and even when you add in the retail stuff related to housing. it is importan

betty liu has more from an exclusive interview. what did he have to say? >> seems like everyone sees the hypocrisy except for sheldon adelson. he says he wants to do the right thing. he says he is the 11th richest in the world but he wants to stop the exploitation of the poor. that is what he calls online gaming, which is legalized in three states. he is willing to put his money behind this the same way he has put it behind mitt romney in 2012. >> i want to make money from those who can afford it. i can't tell over the internet who is underaged. i can't tell who has financial difficulties. i can't tell who is not gaming responsibly. i can't tell if money is being laundered. i can in the casino. >> how much are you willing to spend? >> whatever it takes. >> one thing he is not seeing which is the rise of social media, you can't tell who is online. we talked about money. he has gone up and down in his fortune. he said he is not interested in leaving a legacy behind. he is interested in what is happening now. >> i don't want to build a dynasty. a friend of mi

betty liu took a tour of russell streets to find what a few million dollars would buy in real estate.hong kong is a maze of stores. there are shops piled on top of shops. to help me sort through this is this guy, sam. great to see you greater >> welcome to hong kong. >> would you like to shop? >> please. hong kong is where you come to shop if money is no object. cartier, rolex, they are here. the landlords collect some of the highest rents in the world. we are in front of the store that just sold for 23 million u.s. dollars. is that a record? >> i think that is the most expensive store bridges in the world today. how much would this get for rent? >> it is on the market for 400,000 hong kong a month. >> this store has to make $10,000 u.s. a day? and when the lease is up, they can expect to pay more early. >> russell street has transformed in the last two or three years. he goes from more mass-market stores from levi and mcdonald's, etc. is dotted withet high-fashion stores and jewelry shop. the top 5th avenue for the most expensive in the world. paying sky-high rent is no problem for t

i'm betty liu. this is "singapore sessions."onight, billions of dollars at stake in the billions of bits of data that are being selected all

. >> betty liu, our in the loop anchor inside pepsico. thanks so much. of the most highly anticipated tech ipos of the year may be delayed. that is still ahead on "bloomberg west." you can watch a streaming on your phone, tablet, bloomberg.com, apple tv and amazon parity be. -- amazon fire tv. ♪ >> is 26 minutes past the hour. bloomberg tv is on the markets. let's get you caught up with where the markets are trading. markets are swinging between gains and losses today. high.w near a record --panies have reported today a rise in americans filing for unemployment cost most economists offguard. ♪ >> you're watching "bloomberg west." i'm emily chang. ipois holding off on an until at least june because of the downtrend in the tech stock. it's march 24 ipo minted could've have gone public as early as last month. leslie is in new york. tell us what you know about the conversations that happen happening behind the scenes and how they came to this decision. >> box and the bankers are looking at today's markets and goneg, we could have public this month. why not w

. ♪ >> >> join us on monday in the first bloomberg interview with my colleague betty liu speaking ton buffett live he will be in omaha where over 4000 children have submitted business plans to the warren buffett secret millionaire's club. will present their idea and a panel of judges on monday. the winning individual progress he $5,000. join us monday for the first bloomberg interview with warren buffett. the tel aviv stock exchange was in turmoil. europe ino exclude the trading index. now it has a new boss. to him andspoke asked about plans to once again euroto the msci benchmark. >> the process was a constituents and ask them whether they should be in europe or not. we plan to go to the same constituents and mark the fact that these of the economies in so tight and integrated it is better for european investors. israeli banks are under valued. they are presenting an opportunity to invest. >> if you were a betting man, obviously you are, what would you wake -- rate your chance of getting integrated on the european benchmark? >> the next six months we will make a huge effort trying t

steel in for betty liu. it was a good night for mainstream republicans.cconnell defeated a tea party candidate in the primary, the tea party also lost in georgia, pennsylvania and idaho. the u.s. may seek several billion from bnp paribas. they are being investigated for sanctions against iran and japan. agreement with russia was vladimir putin visited russia. the federal reserve meeting at 2 p.m. today, get ready for higher interest rates. michael mckee is here with the real idea about how this will raise borrowing costs and how soon. when.etter question of this is widely seen as are presenting the views of janet yellen, a roadmap, on how fast

eastern, "in the loop" with betty liu.is thursday all day on bloomberg tv. ♪ >> first, he won four nba championships, dunked over 2000 times, and at 7'1" was the biggest player in the game. since retiring from basketball, shaquille o'neal makes more money than when he was playing. bloomberg spent a day with shaq, and we got some insight into what makes him successful. >> what saved me as a youngster was annuities. at 45, that is the only dream i need. -- revenue stream i need. what keeps me successful is i don't always have monetary ambition. you can't mess with perfection, but you can moisturize it. i have seen and tried most every product in america. if i'm not familiar with the product, if i don't believe in the product, i won't endorse it. i started investing when i was in college. $.99, you can get a lot of liquid. we're off to a macy's appearance. i'm coming out with an affordable suit line. big guys only have a couple places to go. i want to be able to go in there. this is every day. this is anytime i go through the

journey to the booming business of space exploration, and join us thursday morning on "in the loop, as betty liuighlights of our exclusive interview with the 11th richest person in the world, sheldon adelson, the ceo of las vegas sands. that is tomorrow starting at 8:00 a.m. with experts throughout the day on bloomberg television. get the latest headlines on bloomberg radio, live on bloomberg television and streaming on your phone, tablet, and on bloomberg.com. that does it for this edition of "bottom line." i am mark crumpton in new york. thank you for joining us. on the markets is next. i will see you tomorrow. >> it is 56 minutes past the hour. bloomberg tv is on the markets. i am olivia sterns. let's get you caught up on where stocks are trading right now. the s&p and the dow are in the green. the dow is up almost triple digit. the nasdaq though, selling off internetthe selloff of stocks in particular continues with big declines in names like and whole foods is a real laggard today. earlier today, while janet yellen spoke, saying that a high degree of accommodation remains warranted, she is

betty liu recently took us on one of the street in hong kong to see what a few million dollars will buytate and how much? ♪ kong is a maze of stores. shops on top of shops. to help me sort through all of this is this guy. great to see. >> welcome to hong kong. should we go shopping? >> would love to. it is my favorite sport. >> hong kong is where you come to shop. if money is no object. they are all here. the landlords collect some of the highest rents in the world. .e are in front of a store if that a record? >> the most expensive in the world today. >> how much would this get her rent? >> kerlin the market for about 400,000 hong kong per month -- about 400,000 hong kong per month. the street has transformed in the last 2-3 years. it goes from more mass-market oriented store such as levi's a nd mcdonald's, etc. >> now the street is dotted with luxury high-end stores. aying skyhigh rent is no problem for the luxury retailers here. >> sales are very strong. >> louis vuitton? about $700 talking million just here in the city. >> combined market, i wouldn't be surprised if that was the pric

in for betty liu. bloomberg television is on the markets. the latest on futures. >> futures are pointing to a lower open on the market area and it looks like the escalating are concernskraine among investors. we have disappointing numbers out of china. the fear of a slowdown coming out of the second largest economy in the world to rid we are coming off highs. the dow hit a record high last week. we will be on the markets again in 30 minutes. >> let's count down with the top 10 trades. olivia stays with us. julie hyman joins in. bank of america. warren buffett is confident they will overcome an accounting mistake. >> number nine is facebook. nuven video metrix are coming video metrix are coming soon and will be available. >> dyna corp. regulators have fined the orp --y -- sina c regulators have fined the company 815 thousand dollars for unhealthy and indecent content. >> twitter. shareholders are holding onto the stock. stock will become eligible for sale tomorrow. is.umber six ariad pharmaceuticals. said the potential upside is dramatically

i am betty liu. it is 26 minutes past the hour. we are "on the markets."ok at futures. >> it looks like stocks are heading for a second day of lost. futures are pointing lower. -- they moved in a narrow range yesterday. indication is they will do so again at the open. outside the world of stocks, treasuries are rising. especially on a long and. it is part of a global bond rally. the yield at a 2.51%. that is the lowest about six months. an 11 week low versus the dollar. the ecb will announce some kind of stimulus measures when any -- when it meets in june. we are on the markets again in 30 minutes. >> thank you. let's count down to the open with the top 10. these are the only trade you need to know about today. boston scientific. the company has agreed to buy bayer's interventional devices. boston scientific expects the deal to close in the second half of this year. agile and technologies. they reported a drop in second-quarter profit. they plan to split into two companies later this year. -- health services. shares surged after kindred made a bid to buy t

betty liu spoke with the pepsico chairman and ceo about dealing with activist investors, and she joinsnow. still on set with me is jeff mccracken. --t does he say about how she say about bringing back the carbonated soft drinks could affect the business? >> both pepsico and pepsico -- coca-cola dealing with a deflated soft drink market. there is no secret to the trend. there is diy home improvement am a cars and now diy colas. that seems to be the next trend. she's wanting to see if this markets -- in the market will really grow, and if it is a misuse open to looking at technologies being developed, including the one game developed by soda stream. they are the target of a lot of acquisition talks. the things she said to me on that which i will play for you in a moment, pushed the soda stream stocks up to an intraday high. let me first play for you what she said. >> in-home soft drink manufacturers could be something that is a significant force into the future. when that is going to happen, we do not know. i think our goal is to make sure when this category becomes of factor in the mark

i am betty -- betty liu. why he tried to make the midwest -- and what he thinks about raising the minimum wage. here's a look at our top headlines. sales keep tricking at best buy. fell moreter revenue than three percent, and i frequently you drop. dd.com starts trading at the nasdaq. an activist wants to boot the entire board -- it has agreed to sell its red lobster chain. him -- over in russia, missing petersburg forum is underway. this is overshadowed by the conflict in ukraine and clinical tensions with the u.s. for more, i want to bring in ryan. i -- who is not attending is also -- almost as important as who is. quest that is right. -- >> that is right. u.s. ceos will not be showing up. really all of them dropped out. why? the white house told them to stay away. by march, they follow instructions. -- by and large, they follow instructions. they really stood much more strongly and had many more business ties with russia. a lot of national organizations, none of them coming. it looks like this is a big sig