you are watching "bloomberg west" on bloomberg television. can also see it on amazon fire tv, apple, and we have special programming all day long. ating america, a look everything tax related, from how you should handle your it going profits to how sharing economy companies deal with the tax man. joining us now from new york, a son in at collaborative the sharing economy. like chadig factors hurley, the founder of youtube. what is the collaborative fund, exactly? >> we basically tried to look for companies that intersect. you can see it as they shape the future. >> one of the things that you do for startups is you offer more practical advice, like how to pay your taxes and deal with insurance. how useful is that kind of information right now with these startups that are in completely uncharted territory? these is helping with advice and the experience that we have, we tried to create some products and projects that will help them on the whole. we try to see some of that in pinpoints, to see where we can help. information on insurance is one.

look for us on bloomberg radio and bloomberg television plus. providing tax was among tax day, is the former omb director. a bloomberg view: this. -- a bloomberg view columnist. is that enough intro? >> a good intro. he likes his coke. coming in with expectations. sales were better than estimates coming in at $10.58 billion. about four percent lower year on year. the company also saying that a full on your purchase program at $3 billion. we will go to cannes, who works for bloomberg industries. a team of 100 analyst to provide research data 120 five industries in that sector. when you look at coke, the numbers came in and the revenue was not deep. the real issue is, we are drinking a soda. what is do about that? >> you hit the nail on the head there. the key to the conference call will be, just how do you improve growth and returns in the u.s. industry? this is the market that is the set by consumers moving away from sugary soft drinks and moving away from diets. coke is going to be facing heavy headwinds this year to meet its 2020 vision. >> ho

bloomberg surveillance on bloomberg television and bloomberg radio.ur digital media, including our conversation with michael lewis yesterday. look for that at bloomberg radio plus and bloomberg tv plus. tom keene with me. ofhave the perspective thomas michaud. a noted banking bank. a week away from jp mornings earnings. producing earnings that are lower than last year. bloomberg businessweek has just released its 2014 ranking of the best undergraduate business programs. here is a shameless plug. reflectsigned to the changing landscape. before we get to the actual winners and losers, what exactly makes an undergraduate business school program successful? >> when you get into the upper edge line of these really top undergraduate business schools, they all rank really strongly on various measures that we judge them on. we look at their economic quality, what students say about the school experience and what employers say about who they hire. when you get into the top schools, what you are looking at is very different programs with very different curricul

, is a principal owner of both bloomberg radio and bloomberg television.is final speech at the economic club of new york i thought was front and center in his concerns negotiations with unions in new york city. whether new york city or los angeles, other unions today the same heated battle with years ago? >> fundamentally, yes. they are professional people who represent the interest of the people who are members of their union. and they do it with varying degrees of skill. but you have to remember that there was an collective-bargaining with public employees until the 1960's. >> you were learning. what would you do for the city of london right now? do we need to fly ravitch over to london to resolve the tube strike? >> we need him here at home. one more question for the lieutenant governor? we talked about unions being made up of professionals but union membership -- certainly private unions have fallen off whereas those in the public sector have increased. how has that changed our negotiating capabilities? it reduces the leverage unions have in the countr

"bloomberg surveillance." we are live from our world headquarters in new york. it is thursday, april 20 fourth. i am tom keene. joining me scarlet fu and adam johnson, who bought apple shares at $1.06 20 years ago. he has our morning review. mom bought you apple shares? >> don't own them anymore. >> what a day. in the years of my career come i've never seen this. absolutely amazing. >> you, tom keene, maybe the best comment i have heard about apple. what is in call -- context for us again. billion in 19 months, they delivered a ford motor company back to shareholders. >> incredible. they took the entire market cap before the year -- >> returned the cash. let's get to a morning break. busy day. >> overnight, german business confidence unexpectedly rose in april signaling optimism. spanish growth, imagine that. spain and growth in the same sentence. accelerating in the first quarter. the prime minister called the ecb to report a recovery. back in the u.s., 8:30, we will get durable goods orders and initial joble

"bloomberg surveillance."t is a busy earning season. robert shanks, ford ceo, will join "market makers" at 11:00 a.m. we will see how dearborn, michigan is doing. at 11:00 a.m. this morning with bob shanks. this is "bloomberg surveillance." i am tom keene. with me, scarlet fu and adam johnson. the president speaking in seoul, korea. >> we're keeping an eye on amazon this morning. the shares are down 1.5%. the theme seems to be spent and you shall receive. nothing to become a's business model. sales rose 20% but their expenses increased by even more, limiting earnings per share to about half of what it was a year before. anthony joins us now by phone, and victor, there seems to be this idea that amazon is spending money as fast as they can make it. shipping cost grew 31%, which was faster than what revenue increase, how much longer can amazon keep us going before investors throw their hands up and say enough? >> you had accelerated revenue growth, which topped our expectations you had gross margins, which expan

"bloomberg surveillance." >> good morning, "bloomberg worldwide, on apple tv, bloomberg radio plus, andis is free. out on the ipad. i am tom keene. we have cristina alesci and adam johnson with us. kiev and traveled to should be there in a bit. rush is front and center which suggests sanctions and more possible sanctions. is a senior fellow at the eurasia group, and john atcha, senior fellow methuselah advisers. what do they actually do -- >> the actual trade is 40 but million dollars -- $40 billion per year. much.s not that and exxon mobil has a deal with the russian oil companies for more than 30 years and these companies care what happens. >> should vice president biden go to berlin and not kiev? the leading edge of european policy and if you can get the germans to agree to more forceful sanctions you can have a more robust policy towards russia. but they are hemmed in by the industrial lobby that counts on russia for 200,000 jobs in popular opinion, which does not support acting against russia. >> why should a u.s. vice instead ofse germany going directly? >> europe has a more robus

welcome to bloomberg television and bloomberg radio.et us started with top headlines. >> that unmanned submarine searching for the missing malaysia jet has gone for its third dive. its first two trips were cut short by technical issues. the search is now in its 41st today, that makes it the longest ever search for a missing passenger jet. incredible story. meanwhile in new jersey, governor chris christie wants to eliminate the staple the real estate transfer tax. that tax is charged whenever a property owner sells a house. or a home in new jersey with a median rise of her hundred thousand dollars, ending this would save about $7,000, lowering taxes -- will save about $1700. lowering taxes, that is right coming elections in november. playoff underway last night. dale white scored overtime to a five-fouradiens victory. >> massive shout outs on the media wars to nbc who bet on this a number of years ago. they will go here now for eight weeks. for those of you worldwide, there is a frenzy to this, totally different than the regular season.

bloomberg surveillance on bloomberg television and bloomberg radio. place to go for smart conversation and our interviews. with me this morning, scarlet fu and erik schatzker. up at the crack of dawn. look for his important interview at 10:00 a.m. this morning. it with olivia lahn chart of the a blanchard of the imf. the mystery of china -- there are many mysteries. one of them is china's military. chuck hagel is in china. richard falkenrath assesses it for us. it is one of the great mysteries of american foreign-policy. do they really have a military? do they have a west point? do they have fleets and divisions deployed abroad? >> yes, they do. they have had a comprehensive alterity reinvestment program for the last 15 years. we know they have cash. this is really a country who is bringing its military up into the first class. they have some basic capacities to project power abroad. it is primarily focused on the region. your work, the idea of, is it an offense or defense? they want us to believe it's a defense. is it? >> it depends on your perspecti

this is "bloomberg surveillance." washingtonfrom our news borough this friday, april 11 was that joining me from our world headquarters in new york, scarlet fu and adam johnson. get a start with a friday morning brief. ofovernight, more signs slowing in china. produce prices fell, extending the decline. u.s., we get our prices at 8:30, then consumer confidence is that 9:55. earnings, jpmorgan at 7:00, then wells fargo at 8:00. also samsung galaxy s5 goes on sale and congress begins its easter recess. andk goodness, scarlet peter, we finally get a break. >> how long are they off for? >> not long enough. >> it is remarkable. >> scarlet, this is very important. let's go to our "surveillance" vacation expert, peter cook. for americans, this is all a joke. what is constructively accomplished on recess? >> they cannot do any harm in washington. they are not here -- they cannot do anything. the midterm elections get underway. these folks get to go home and campaign. >> do they go all main campaign, go to the diner, cup of co

"bloomberg surveillance." all of our interviews at bloomberg tv plus, bloomberg radio plus.t bloomberg.com. i am tom keene. we're getting perspective on europe and russia this morning. let's talk about general motors ceo, mary barra. nottold the house she does have all of the answers to explain why it took 12 years to fix the flaws. than a decade ago, gm embarked on a program and i cannot tell you why it took so long for a safety defect to be announced for this program. we will find out. this is an extraordinary situation. it involves vehicles we no longer make create a came to and i ammy watch responsible for. we will be transparent with you and our regulators and our customers. >> matt miller has been following the testimony closely. our lawmakers buying hermia kohl's -- her media mia culpa? >> i don't think they are buying that she had no idea how this happened. continued to express a total lack of knowledge as to anything having to do with this or the investigation. she is trying to not make least, liable, or gm at legally liable for this. everywhere mr. feinberg goes, c

this is bloomberg "surveillance." ♪ >> good morning, everyone. it is bloomberg "surveillance."rlet fu during her taxes. adam has top headlines. u.s. traded the accusations over time within the meetingat an emergency of the united nations security council. russia blamed the u.s. for unrest. the u.s. that russia was behind recent clashes in the region. investigators will the ploy and unmanned summering in the search for the missing galatian debt. it will scan the ocean floor at 16 hours at a time. this decision came after they stopped picking up underwater signals that may have been from the black rocks. captain america held off a challenge to win the weekend box office. rang up more than $41 million for walt disney. rio 2 came in second. those are your top headlines. speaking on the usual obligatory diplomatic headlines. headlines. the one that really attracts my attention is the foreign minister from russia who says russia will not intervene in ukraine's internal affairs. >> going around the world to china. thought this was a very important must-read. i really recommend bloombe

check on her bloomberg top tech headlines. facebook is discontinuing the messenger feature in its mobile app. instead, facebook users will have to download the standalone messenger app that they want to chat on mobile. users will be notified several times before the exchange takes place. this is starting in a handful of european companies right now and will roll out globally. hewlett-packard is willing to to settle overseas bribery allegations. largest fines for a company violating the act. hp says the misconduct was limited to a number of people who are no longer employed by the company. one kinghakeup at lane. the ceo was leaving to become the ceo of sports apparel fanatics. cmo is also leaving. the home retailer has in the valuation of $1 billion. our lead story of the day -- ebay and carl icahn are ending their feud. to spin offted ebay paypal. this will not happen under a new compromise. greed to add david to the board. icon is dropping his plans to force the spinoff and add to board members. erik schatzker spoke with joh

and you will get "bloomberg west ." ♪ >> you are watching "bloomberg in a" where we cover vision technologyily chang with cory johnson. comcast executives testifying before the senate judiciary committee, defending their case to take over time warner cable. is the chuck grassley ranking member of the judiciary committee. he joins us from washington. senator, thank you for joining us. you were inside the hearing today. where do you fall in this debate? purpose is process, and not make a decision of whether or not this is a or not.te merger the federal communications commission and the department of justice is going to make that area -- make that. hopefully those are not political decisions. those are decisions based on the economics and the antitrust laws. this committee meeting and the hearing serves a very important purpose, and that is to get all interest onholders' the table, particularly the consumers of america, because this merger is going to eventually serve 30 million people, compared to 24 million people now, that one of those companies as. get everything out on the table. make sur

you are watching bloomberg west on bloomberg television.an also see it on your phone, tablet, bloomberg.com and amazon fire tv. we have special programming all day long on bloomberg tv. taxing america, a look at everything tax-related. how sharing companies like airbnb and lift deal with the tax man. joining us from new york is alberto escalarte. alberto, you have big backers like pharrell, the founder of youtube. what is the collaborative fund? >> we are in early stage fund that focuses on feeder rounds. we try to look for companies that push the word forward. companies that can be sustainable and brands that shape culture in the future. >> one of the things that you do is that you offer more practical advice like how to pay your taxes, how to deal with insurance. our useful is that kind of information right now with some of those startups that are in completely uncharted territory? >> the role in helping with advice we had with experience with previous company. we also try to start projects that will help the whole and we start to see som

best of bloomberg west."> welcome back to "the best of >> welcome back to "the best of bloomberg west." i'm emily chang. amazon is creating original content, green lighting six new series. one of those shows is "the after him co-written and directed by chris carter, the creator of the "x-files." jon erlichman and i asked him why he decided to comeback to do something for amazon. >> i had written something two years ago that i was excited about. it took me two years to ring it to the screen. amazon was the first person who read it and loved it. that is why i am in business. >> did you shop it to the networks, cable, netflix? >> you give it to your agents and they put it out there. amazon responded to it immediately. the process has been a lengthy one. >> chris, its jon erlichman. let's talk about this idea of having highlights. amazon is in very public. they are saying they're putting a few shows out there for people to watch. they are very public about the feedback. as a creator, at a time when you have playe

this is bloomberg surveillance on bloomberg television and bloomberg radio.ur products in the digital space. like apple tv or bloomberg radio plus. and on android and itunes. i'm tom keene. scarlet fu and adam johnson. jeffrey rosenberg of blackrock. >> glaxosmithkline announced plans to sell a cancer product business while buying their vaccine division. a for $14.5 billion deal. i wanted to start with the fact shat thi transition has several parts. it is the biggest since he be came ceo. why make this transition now? >> what this transaction does is three things buried we acquired the vaccine business and we are assets toof of our them for $16 billion. thirdly, most poorly, we are bringing together our consumer health care companies to create what will be the world's largest over-the-counter medicine business with a revenue of at least 6.5 billion pounds annually. >> are these transactions meant in part to protect against the patent lifecycle? for gs k, we have made great progress on that front already through the reinvention and we haveent of our -- had mor

this is "bloomberg west." we have been talking about announcement tv but earlier this week the agreement six new series green lighting content for amazon prime. one of those shows is "the after" written by chris carter, the creator of the x-files. he is with us today. chris, you took a hiatus from tv for 10 years. why come back for an amazon original? >> i had written something two years ago that i was excited about. to bring itwo years to the screen. amazon was the first person who read it and loved it. that is why i'm in business. >> did you shop it elsewhere to the networks, cable, netflix? >> you give it to your agents and they put it out there. amazon responded immediately. the process has been a lengthy one. >> let's talk about this idea of having pilots. amazon has been very public. here are a few shows we are putting out there for people to watch, and then they are very public about saying we got this feedback from reviewers and we will go ahead. havecreator, when you people like netflix who are willin

bloomberg's willow bay.e-year study will look at student performance data before and after testing on the surveys from students, teachers and parents and it will launch in the five school district using pearson digital curriculum for september. you can catch the series wiring the world on bloomberg.com. another tech tool taking classrooms and companies by storm is the mook, massive open online courses -- mooc. >> they have taken on a new form of post-education. >> hundreds of students can learn at once through videos, readings, practice exercises. many are taught by ivy league professors or leading experts. in 1995 and right now i want to bring in the cofounder, linda who joins us from l.a.. doingy you guys are something that colleges are not. what is that? >> we were much quicker to market and we were able to deliver instruction on changing technology and a lot of the teachers are great at teaching their subject matter but they want to focus more on helping students individually and on concept so we are abl

we looked at the bloomberg forecast is.cks estimates from all the different analysts across the sectors on the companies. we found the energy is actually growing fastest in 2014. 14.8% forecasted earnings growth. that is the fastest. betting on materials, that comes in at number four. tech comes in at number six. and financials. even though that is where the money is going, that is not necessarily where it should be going. energy is growing fastest. it is creeping -- it is trading at the lowest forward pe multiple. growing fastest and trading cheapest, and opportunity especially since energy over the past year has lagged the rest of the market. there it is, the energy etf iye is growing fastest and trading cheapest. it has lagged, there is your liking opportunity. >> thank you, adam. continuing the conversation with commodities and looking at oil. oil prices continuing to grind lower. technically the prices should have been higher. crude stocks in the u.s. fell for the first time in 11 weeks. that was not necessarily becaus

the answers coming next on "bloomberg west." ♪ >> you're watching "the best of bloomberg west."m emily chang. arianna huffington came out with a new book called thrive, calling for a new metric for success outside of money and power. one of the things she suggest we do to thrive is disconnect from technology, from our devices, from time to time. i asked her if it is possible to truly disconnect in a 24-hour news cycle. take a listen. >> there's always somebody on. we have e-mail policies. after hours, unless you're on the night shift of the weekend shift, you're not expected to answer a company e-mail. if we need you, we will find you. that gives people the opportunity to really recharge. if you think of it, you don't pay people for their stamina, you pay them for the judgment. we have so many examples of impaired judgment when people are exhausted. bill clinton is quoted in my book saying the worst mistakes i made are those i made when i was exhausted. the point is, we can all say that. i can say that about my life. >> i saw one headline about your book -- less leaning, more sl

editor bloomberg news tom giles in our san francisco bureau this morning. tom, if we had to distinguish results foriphone sure and some of the other metrics in apple's earnings report and the buyback and the stock split, which seems the most important from an investor's perspective this morning? balance, the market is telling us loud and clear they like what they heard from apple. they like the iphone news, they like being news about the buyback, the dividend, the stock split, all things we have not heard a lot from apple recently, as much as investors would have liked. callsok has been facing from carl icahn and other investors, returned that catch, you were at 150 billion of that is more than enough, tim, get some of it back, he is giving a log back. he is boozing up i $30 billion. -- he is boosting that up by $30 billion. the iphone sales getting a boost from china. that is good news, better than had been expected. the thing that cook is under, the pressure that he remains under, and it has not gone away, even with yesterday's really nice result, is wher

bloomberg tv, it is the easiest place to watch netflix. >> you can catch bloomberg west on there, of course. escalates ao rivalry with netflix and other streaming services that are developing exclusive content. question is, who will win the battle for your living room. cory johnson and i spoke with brad stone about what fire tv really means for amazon. >> amazon has actually been thinking about a set top boxes the end of 2011. it has been a long journey. the question was always, what are the big ideas going to be? how will it raise the bar on roque who, on apple tv. . watch james bond movie and by the watch. maybe that is coming, but version one amazon does not have it. apparently fire tv has better search capabilities. listen to this commercial with gary ducey. >> find kerry you see -- find gary busey. -- it seems so simple, but is a big deal or is it incremental as you said. >> to people really want to search? gosometimes you have to through the keyboard off a bit to do it could we will see how well the technology works. you start to see all these companies coming together with the

he did not mention the one with bloomberg -- >> the dispute that bloomberg has had about our placementcomcast? >> they were required to do means youoding, which will notice they have cnbc next -- all inext to fox that neighborhood. bloomberg is put in the nosebleed section, and the reason that is important is they want people to watch cnbc so they can charge more for advertising, and they do not want people watching you. >> to be fair, he did say that that issue was resolved. >> except that he said in his filing that the fcc had only looked at one condition that theyhad violated -- no, were supposed to create a standalone broadband package and market it to people. they created that, but they did not market it. they did not tell anyone about it. that is one. bloomberg is two. not true. just is >> congress will not have a say on this. how do you think this hearing and your concerns get reflected in the review under way at the sec and doj? >> i think you heard a lot of skepticism from senator lee from utah. a lot of skepticism from connecticut. mehink you saw some from obviously. i think

bloomberg tv, for one. as they showed on the demonstration. also, the other thing to know is if you do not have a prime subscription, there is less for you to watch. even though it's $99, you have to fork out another $99 or year to get the prime subscription to have access to the streaming shows they have on their. >> it has been described as a thick coaster. one thing peter larson pointed out is that it has three times the power and performance of 70 competitors. take a listen to what he had to say about that. >> this thing really screams. i can't wait for you to try it out. fire tv has three times the performance and power of apple tv, roku 3, chromecast. this is a powerful device. >> what does that actually mean? >> people were tweeting from the event. three times faster than apple tv -- tweeting from the event. i don't know how to quantify it. i think what you is trying to go for is that it is probably faster. there is probably less delay on how content is streamed to you and a faster processor. all of those things do count but three times

bloomberg is standing by its story. spoke with david kennedy and bloomberg news cyber security reporter jordan robertson about these developments. i asked do they believe the nsa? >> the nsa denies but bloomberg is standing behind the story. what this illustrates is that this is a serious issue. heartbleed is a serious issue in internet encryption. we know that the n.s.a. has been trying many different ways to compromise internet encryption. it is almost irrelevant whether this was the heart lead bug or or something bug else. bloomberg is standing behind the story. >> david, what do you think? >> i think the nsa will say what they need to. their whole purpose is to be a spy agency. they have huge cyber warfare capabilities. their whole purpose is to really go and actively export these types of laws prevented not have to disclose whether or not they discover this previously or not. that is part of the national security thing that they say basically that they had no idea that happened even though they could have been expl

this is "taking stock" on bloomberg news. ♪ >> this is "taking stock" on bloomberg. i'm pimm fox.t the ferrari showroom. we are marking the 60th anniversary of excellence in the united states. my guest, marco mattiacci. thank you to your whole crew giving us access to your showroom and all the automobiles. about the car itself. i wonder if you can give us an idea of some of the special .eatures of the 458 speciale how many additions will be made? >> we will not bring more than 200 units. 150.year no more than it is very limited. >> what will we find inside? there is no leather. before the issue of ratio power to weight. no aluminum, no glove box, no leather. we looked at aerodynamics but this is the most era night mostcally -- this is the aerodynamically engineered ferrari. the is the best v8 in industry even for single output. it looks like you have wings on a side of the automobile here. this is a majoring engineering. aluminum?y is all >> yes, all aluminum. we reduced the rate almost 200 pounds. of 200 pounds. >> compared to the 458 italia. it is nor aerodynamic in the front an

"bloomberg bottom line" continues in a moment. >> a reminder, there are multiple ways to watch bloomberg television. we are on the web at bloomberg.com, on your mobile device at apple tv, and amazon fire tv. more on what the u.s. can do in ukraine. sandy berger served as national security adviser to president clinton. he's now the chair of a commercial diplomacy from. he's involved across all of the firm's engagements with a strong foe shall does -- strong focus on asia and the middle east. line -- bottomer line." thank you for your time. vice president biden is in the ukraine. what does he hope to a conflict? >> he's there to bolster the ukrainian government, which is under enormous pressure externally from the russians and internally from an economy in a dire situation after years of mismanagement and corruption. he will be talking to the ukrainian government about how we can be helpful to them as they undertake the kind of economic reforms they need to bolster their economy now that they have commitments from the imf and united states for economic assistance. those will be difficult r

coming up, right back with more bloomberg "west." ♪ >> welcome back to bloomberg "west."esla has delivered its first cars to customers in china. cars were delivered to eight people in beijing. stephen engle was told they have big plans for the world's most populous nation. take a listen. >> what we see right now is pretty strong demand. i think probably more demand than we can for filled this year. i think long-term we will have hundreds of service centers in china. my instructions to the team in china is to try to build those as soon as possible. we will build them at a very rapid rate. >> in addition to service centers, he hopes to build tolas in china and three four years. time for the bwest byte where we focus on one number that tells a whole lot. are both in new york having lots of fun without me. >> 5706. that is the number of finals we had -- miles we had to travel to be together in new york. took a tesla. must in the backseat. backseat.sk in the >> when the hyperloop happens you will get there in moments. >> there is a lot of media and tech stories going on right

"bloomberg surveillance."m keene we are file -- followinga -- we are pfizer and astra seneca. adam johnson is with us this morning. >> the u.s. is beefing up its military options when it comes to china. considering is various responses to any future chinese provocation in the south and east china sea. among them aircraft carrier exercises near china. the u.s. in the philippines have signed a defense agreement just hours before president obama arrives in manila. handle territorial disputes as more u.s. troops will be filed in and out but there will not be a permanent u.s. presence, just rotated in and out. a romantic comedy beat the superhero at the box office. cameron diaz's "the other woman" won at the box office, "the soldier" came in second after three weeks at the top. you a fan of this? >> i have been to three or four movies, they have lost me. >> but you have been watching "game of thrones." >> movies are laughable now. scarlet has a wonderful chart. is all year long. chinese students are invading u.s. u

bloomberg said he is just getting his feet wet. his new push unites his two advocacy groups into one large grassroot efforts. they are working together under the umbrella group every town for gun safety. the former mayor says the new effort will focus specifically on expanding background checks. >> this is not a battle of dollars. this is a battle for the hearts and minds of america so that we can protect our children, protect innocent people. if you take a look at the number of people who use illegal guns to commit suicide, the number of people killed every year, we're the only civilized country in the world that has this problem. >> the public is with bloomberg to a point. polls show overwhelming across the board support for background checks. if you ask a more philosophical question, do you think we need more strict gun laws or less strict? opinion becomes a little more divided on that. a poll back in december found a slight majority of americans saying more strict. other polls have shown it's tighter than that. in politics it's

only on bloomberg. coming up, a global outlook.e will get reaction to the international monetary fund's world economic outlook. us in just a joins moment. ♪ >> welcome back. this is "bottom line" on bloomberg television. i'm mark crumpton. to washington where the international monetary fund cut its global growth forecast in his newly released world economic outlook report. my colleague, yang yang, is in washington with more on that story. good afternoon. >> good afternoon, mark. yes, indeed, the imf has trimmed its global economic growth -- prediction, but only by a 10th of a percent. it is down slightly from its 3.7% production in january to 3.6%, but up from last year's growth of only three percent. next year's expansion is expected to accelerate to 3.9%, unchanged from the prior forecast. the new outlook comes just days before the official kickoff of the imf world spring meeting on friday in washington. the overall report is stronger, unevenble global -- global recovery with weaker markets in brazil and japan. the u.s. was singl

this is "taking stock" on bloomberg. ♪ >> this is "taking stock" on bloomberg. i'm pimm fox.g is trying to push forward with a bid for t-mobile. -- sprint is trying to push forward with a bid for t-mobile. joining us on the television from los angeles is alec sherman. what do we know so far, alex, about sprint and t-mobile? >> we know there was a meeting earlier this month, the first week of april, where the sprint met withheir treasurer , includingnt banks goldman sachs, deutsche bank, bank of america, citigroup, to plan out various different structures for a deal for t-mobile. a sickly, sprint said we are not ready to announce something at, -- basically, sprint said we are not ready to announce something yet, but if and when we are, you guys need to be ready with a financing. that was sort of the general topic outline of the meeting. , what has been some of the specific challenges for sprint mounting a deal for t-mobile? >> the biggest one is regulatory. they have spent the last several months talking to regulators. he was in washington for a decent stretch of time, trying

worldm bloomberg headquarters in new york, i'm mark crumpton. this is "bottom line" the intersection of business and economics with the mainstream perspective. president obama nominates budget director sylvia mathews burwell to be the next health secretary. investors ensure strong appetite for greek bonds. in the golf industry swings back. to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of these stocks and stories making headlines today. julie hyman follows the drop in equities as jpmorgan earnings disappoint investors. indira lakshmanan on has laid developments from nato on russian troops along the border.n we begin with julianna goldman on health secretary nominee sylvia mathews burwell. good afternoon. >> good afternoon, mark. >> the disastrous obamacare rollout, that was months ago, that was back in october. why did the white house weight so i can make this change? >> -- wait so long to make this change? >> you had the president, out and say he was officially nominated syl

"bloomberg surveillance." ♪ >> ellen zentner and james glassman on "bloomberg surveillance."arren buffett at 3:00 p.m. the major interview of the day, william ackman in the 10:00 a.m. hour. read matt levine's op-ed before you listen to a conversation with bill ackman. look for them today on bloomberg television. good morning, this is "bloomberg surveillance." fum tom keene with scarlet and adam johnson. it is a quiet day and earnings. >> no. apple and facebook reporting after the close. if you look at facebook's chart since its ipo in 2012 come the stock is up almost 65%. apple, kind of flat during the same period. >> a business insider did a great sum up of this. i'm fascinated to see what happens. this is the perfect order for them. to surprise everybody and use some cash. >> people are expecting some kind of decision on increasing the existing buyback plan, maybe to $30 billion. the dividend could go up 10% to 15%. >> i think that is a big -- my idea is it is a migration. we have heard on the show, take six or seven quarters. >> it sure does. walked into the apple store an

it is "bloomberg surveillance."carlet fu and adam johnson a with me. >> television, none of us stayed up to watch game of thrones last night. the golden age of television is upon us. yahoo! is looking to get in on the action. according to the "wall street journal," yahoos looking to get on television. a per episode budget of 700 $50,000 to over $1 million. of $750,000 to over $1 million. >> somebody stumbles upon a good idea and everybody else says we need to do original programming. >> i have a great concept for you, oranges the new purple. >> yahoo! hasn't changed that logo. original content does have the potential to help yahoo! create more durable growth. the system the company that is very much challenged in its core business. is looking to monetize its asian assets. granted, there are successes here. >> that is than the whole thing they're trying to do it yahoo!. many people with a blogging platform, expand content. >> let's not forget, yahoo! shares bobbled in value last year. they're one of those highflying

on bloomberg, i'm pimm foxx.guest is the chief executive of ferrari north america, marco mattiacci. also we have jason harper, bloomberg news automobile columnist. he has just come from the track. presence. sartorial you have the red shoes, your special driving jacket. what automobile were you able to drive? >> i was in the speciale today. it was the first media drive. i'm the first journalist to put the car on a track or any bit of asphalt in the u.s. >> there are no keys to this? it's just a button? >> there is a key and then the red button. you have to turn the key and then hit the red button and then hear that beautiful, vibrant sound that comes only from a ferrari. itthat almost sounds like $288,000.orth what else is in the car that's worth it? >> every time it does a reiteration of the mid-engine hard-core smart car -- >> we need to make the difference clear. >> they have the front engine, generally cars that might take a long trip. these are ones you take on the race track and go all around. the speciale i

week'ss success is this cover story on "bloomberg businessweek."ated by marvel specifically for this issue. stan lee set down with jon erlichman to talk about what excited him about going to the movies as a kid. >> i remember when i was a kid. everybody wanted to see king kong. everybody wanted to see frankenstein. people love the things that were bigger than life. they did not make that many until recently when the producers discovered that these superheroes are just the most popular things ever with the public. >> you can watch our full interview with stan lee tomorrow on bloomberg west. that is at 1 p.m., 6:00 p.m., and again at 11 p.m., all he's done. when it comes to the superhero movie, marvel seems to have found the winning formula. we explain how these guys do it. >> when "captain america: the opens on friday, april 4, it will be marvel studios realm night movie in six years. all have done well at the box so.ce, some phenomenally how do they do it? here are four keys to their success. stick to the comics. for years, hollywood screenwriters

so bloomberg is right to think about it in a piece by piece way. another thing that people are talking about is the mental illness component, and that looks like it would be something of it most people can come to some agreement around, across both sides of the aisle. and you have president obama looking at the executive action to do that. >> and i don't want to be the naysayer here, but i have covered this so closely, and the truth of the matter is that after newtown and post 9/11 is the most emotional of the kun t country, and a bunch of little kids gunned down in their school, and what a lot of of the republicans and the some more conservative democrats had to say is that this is not about guns, but it is about that we have to address the mental health issue in the country. there was widespread c conversation about that, and what got done? nothing. >> nothing at the federal level, you are right. some of the local communities in the states that things did get done. i think that if bloomberg can sort of ride that wave, you know, pick his spots, an

>> that's right. >> "bloomberg brink." companies that break the mold,

we are on bloomberg television and bloomberg radio. spring meeting of the international monetary fund. my conversation is with christine lagarde of the imf. at 2:00 p.m., you will hear my conversation with jong young kim, you know him from dartmouth college. the united states is leading the world in economic recovery, at the same time, timeout chair, the school that the imf. the u.s. is an irresponsible lout for spending beyond its means. are you confused? i am confused. milo mcginnis is not confused. she suggests i should read material and get smarter, as you should. it is a clear and future danger. it is gorgeous in washington. you are a native washingtonian. >> i am. i never expected i would end up back here. i do not like the political scene. the budget deficit has brought me back. it is beautiful now, but it has not been recently. >> it was the fiscal winter of our discontent. we are happy because there are some short-term improvements which are giving politicians that want to run away from this an excuse to say things have gotten

that and more when "bloomberg west" returns. ♪ >> welcome back to "bloomberg west."'m emily chang. yahoo! is nominating three new board members. jon erlichman is in los angeles with the details. jon, some familiar names and some names that marissa mayer has presumably gotten to know well? >> you highlighted at the start of the show that h. lee scott, potentially someone she got to know from walmart's board. we know that yahoo! and marissa mayer have been on the hunt for board members for a long time. we learned in recent days that another board member would be leaving, not staying on, past the shareholder meeting, john hayes also leaving. this was beginning to be an awfully small board of about five people when you include marissa mayer. they have been looking for people for a very long time. in picking the three they have selected, lee scott, charles schwab, obviously a name that probably needs very little introduction, and david filo, cofounder of the company, you have two things. number one, in scott and schwab, we have heard a lot about the possibility in looking

we will get a status update when "bloomberg west" returns. ♪ welcome back to "bloomberg west."m emily chang. a shoppings been on spree, buying whatsapp for $19 billion and oculus for $2 billion. this week we also learned it is planning a mobile ad network. what is mark zuckerberg's vision for the company and how does this fit together? how much will we learn today? usy johnson is back with from new york and also from san diego paul kedrosky and sarah frier. paul, mark zuckerberg has some explaining to do. what do you want to hear from him and what do you think we will hear from him today? >> yeah, he does. he is in a box, if you think about it. they do not want to increase the ad load in the newsfeed, they don't want to materially change the instagram experience with expect to loading it with ads. they have walled off whatsapp. of facebook running ads on twitter, it is not exactly where they are going to run the ads. this is the box i would like to hear how he is going to get himself out of it. that is his explanation today. >> what about the bigger vision, buying whatsapp, ocu

washington time right here on bloomberg television. are more than one .2 billion credit cards in the united states and only 2% or 3% have a security chip embedded in them. securing u.s. credit cards when "bottom line" continues in just a moment. ♪ >> welcome back. it is time for the latin america read were. it he dominican republic peso one and a quarter billion dollars worth of on. this is the first time they offered her to your dollar debt in decades. it will be used to fund infrastructure objects. it is rated b1 by moody's and be plus by standard & poor's will stop it is the ninth largest economy in latin america. carlt auto dealership says sales will be worse than forecast. sales are at it to decline by as much as 5% this year, he on the worst-case scenario outlined in point fivef three percent decline. latin america's biggest economy has been struggling to sustain economic activity as inflation rises. this is your latin america report. there is a push to have vulnerable maxtor credit cards with chip cards. he is president of the n

bloomberg's anchor betty liu was at the supreme court. asked her what the feeling was like on the ground as both sides made their case. >> i saw an interesting dynamic layout. paul clement and david frederick came out and made their closing statements to the press. in that crowd, emily, was a man who backs aereo. i asked barry, how do you think things went in the courtroom? he said, you know what? i think things went well. he listened in on the broadcasters and walked off. a lot of people thought that there he would perhaps just slid out the side door. he just couldn't help himself, emily. >> tell us who the players are. yet the broadcasters on one side and the obama administration have come to their support. >> the department of justice came down in support of the broadcasters. on the aereo side lots of silicon valley. dish networks. they wrote a brief in support of the company saying this is basically what we have, which is we allow people to get broadcast content in whatever way they want. they can record it. it is essentially new tech

look for that tomorrow on bloomberg television and bloomberg radio am a worldwide. >> this is "bloombergt host for the hour, liz ann sonders of charles schwab, as well as charles davidson. let's get you some company news right now from the files of " bloomberg west." apple says they are employed -- entitled to two point 2 billion dollars from samsung. they say the figure is justified due to the scope of the offense, claiming that the infringement covers 37 million smart phones and tablets sold by the rival. intel is cutting half of its workers as the chipmaker slashes 1500 of its 2500 jobs in the country, that job reductions are part of an effort to consolidate operations in asia. they began investing in costa rica back in the 1990's. "the weather channel" is back on directv tom of a have settled their dispute and are scheduled to return today. no financial terms were just -- were disclosed, but they did say they would cut back on reality programming and offer more local weather as part of the deal. good.y front and center, high frequency trading. michael lewis had some important comment