brent: melinda, thank you very much.d to believe, but syrians, in the middle of a civil war, are preparing to vote in parliamentary elections. they will go to the polls tomorrow to elect 250 lawmakers. fighting is going on despite the cease-fire. meanwhile, government forces backed by russia are advancing on the rebel held city of aleppo. marc: these saints shook -- these show positions allegedly held by the islamic state a few days ago. it is impossible to ensure they were not targeting moderate rebels who were entrenched there. this much is clear -- the syrian army has been able to force i.s. troops back from several cities. it is hard to imagine ballot boxes will be brought to places like these. the assad regime owes its recent territorial gains to help from abroad, namely bombardment by russia and airstrikes the u.s. and allies. ground troops from iran, iraq, lebanon, other countries should also be part of the effort. so far, president bashar al-assad's tactic has been to play russia and the u.s. against each other i

brent: a lot of people in shock tonight.eutsche welle a has announced the winner of the freedom of speech award. the editor in chief. freedom of the press in turkey and 2016 is now confined to court corridor doors. he is one of many journalists facing charges in turkey. the borders without borders press index. >> we can no longer accept the turkish authorities that would like to send a clear signal. brent: i am joined in the studio by the director of german reporters. this award, how important is it? and gestures like this? >> i think any public pressure, any public attention to help people fighting for press freedom in turkey, i have been to turkey as various times -- at various times. brent: where is the intimidation coming from? >> in the end, it's the government and the president who is responsible for the climate of intimidation, for the climate of fear. and very often, for the accusations, he is filing claims as well. of course, this causes a climate which makes party officials making offenses against journalists. bren

brent: i'm brent goff. we start with what appears to be another major migrant tragedy in the mediterranean. unconfirmed reports say that several hundred people may have lost their lives attempting to reach the european union by boat from egypt. germany's foreign minister said it appeared that about 300 people may have drowned. details are still emerging. the first confirmation of the tragedy came from from the italian foreign minister, speaking in luxembourg. this is what he had to say. >> we are looking for more details and information but what is sure is that we are again with a tragedy in the mediterranean exactly one year after the tragedy we had in the libyan waters one year ago. brent: that was the italian foreign minister talking about this new tragedy on the mediterranean. let's go to our correspondent in luxembourg. what more do we know about this tragedy? what are you hearing from the foreign ministers there? max: brent, people here, foreign ministers, diplomats, are reluctant to confirm anything

we'll see if greece can learn anything from that, brent. brent: yeah, it is funny. the architect to gained fame for her book designs has died at the age of 65. her company said she suffered a heart attack at a miami hospital where she is being treated for bronchitis. she grew to fame in a profession dominated by men. reporter: with an international career of more than 35 years, she was a hard-working woman. the only rules she followed were her own, and the first role was push the limits. whether she designed a bridge in spain that is also a museum or a shoe that is at the same time a biomorphic sculpture -- >> there are certain things i will not do. maybe a prison or something like that. but i think you can always look at any new project. reporter: this seems to defy reality. in iconic landmark. in 2004, she became the first woman to receive the highest accolade for the architects, the pritzker prize. it was a long struggle in a traditionally male-dominated profession, as evidenced by the few major contracts she has one in her chosen home, london. an indoor swimming

brent: l.a. lakers legend of a scored 60 points in his final pro basketball game, leading his team to an end of season win over the utah jazz. he was greeted by basketball royalty and hollywood celebrities, marking the end of a 20 year career in which he became the third leading scorer in nba history. after a short break, i will be back to take you through the day. stay tuned. >>> this week on "wealthtrack" michael cass has a market fund who he's brought through rough seas since starting five year ago. where is his forecast and what is next? that's next on "consuelos mack wealthtrack." >>> new york life offers investment and retirement solutions. so you can help your clients keep good going. >>> additional funding provided by lumis sales, i

brent: we will be right back. brent: welcome back, here with dw news. the u.n. has declared the situation in the syrian city of aleppo as catastrophic, after a surge in bombings. airstrikes hit another hospital, killing dozens of people. the u.n. has appealed to russia and the u.s. to revise the peace process. russia has successfully launched the first rocket from its new space facility. an unmanned rocket blasted off from the cosmodrome in russia's southeast. over to christoph now, volkswagen posted more details of its disastrous earning reports. >> they had set aside 7.8 billion euros to buy back or fix diesel-powered cars that had been rigged to cheat emissions tests read also, today at the emissions meeting, executives offered another big apology for their wrongdoings in the diesel gate scandal. former vw boss, for years, the best paid a ceo in germany, has seen his earnings have. and it cost him his job. as for the members of the supervisory board, their pay is tied to the dividends paid to shareholders, and that has been cut to nearly zero. the entire payo

back to you, brent. brent: we have a really interesting sports story for you now.basketball, the nba will bid farewell to one of its most iconic players on wednesday night. kobe bryant will take to the court one last time, when he faces the utah jazz. bryant played his entire 20 year career with the los angeles lakers, winning five nba championships. the 37-year-old is third on the all-time scoring list, and also has two olympic gold medals under his belt. doesn't get much better than that? refrigerators, washing machines, telephones, they are all commonplace these days. but once, they were ground-breaking inventions. some were even revolutionary. new inventors are showing off their possibly revolutionary ideas at the exhibition of inventions taking place right now in geneva. reporter: it is an exercise bike, media player, and baby buggy. get ready to sweat, moms and dads. charging his battery takes vigorous activity, but a fresh breeze keeps things goal. there is an alarm to signal a wet diaper, and mobile phones get a recharge, too. this is designed by chinese st

brent: sports now.syrian refugee has fulfilled his lifelong dream of participating in the olympics. he carried the olympic torch of through the refugee camp home to around 1500 displaced people in athens. he fled syria after losing part of his leg in the civil war. the olympic committee is also planning to let a group of the refugees compete at rio marching behind the olympic flag. good for him. there is a reminder of our customers. five u.s. east coast states are holding primaries to decide who is running for president in november. hillary clinton and donald trump are looking to extend their lead in the nomination contest. after a short break, i will be back to take you through the day. stick around for that. ♪ steves: the dramatic rock of cashel is one of ireland's most evocative sites. this was the seat of ancient irish kings for seven centuries. st. patrick baptized king aengus here in about 450 a.d. in around 1100, an irish king gave cashel to the church, and it grew to become the ecclesiastical ca

so, brent, how do you see them weathering this transition to a mobile world?nt: this was a tough quarter and the guidance was a lot tougher than anybody expected. so what is happening, in the cloud world, they need this up front and that is really accelerating for everyone. microsoft is not alone. this was a departure from what they have been doing in the last couple of quarters, which is having really good numbers and actually showing pretty good progress. so this is a little bit of a step back. part of this is cloud and part of this is pc and what is happening with the macro softening in certain geos like in latin america and the middle east. overall, if you look at what they are managing what they're doing, they couldn't do it any better. this is a multi-year transition and we think, again, that nadel is doing the right thing in the product line and amy is doing the right thing as well. but she has typically been pretty conservative on the q4 guide, so when you look at q4 guidance, she took a hatchet to the numbers, relatively, so i think we are all going t

brent: no.pecifically, but these rules have no impact or no material impact on standalone allergan. the income stripping and three-year look back provision really don't impact a company like allergan, particularly as we get to october of this year. cynthia: you will have a lot of cash once you are done with a ton of transactions that are you thinking more in terms of r&d heavy organizations or the branded pharmaceutical space? brent: we will look at both come everything. we will look at other ways to improve our return capital to shareholders. the most important thing we can do is stay focused on our strategy of executing our business, driving double-digit branding growth and looking for to enhance our growth profile, whether it be through r&d assets or marketed pharmaceutical product. stephanie: you are known as a deal guy. this breakup happened very quickly. if pfizer broke up into two companies, could you be the buyer of one of them? i do like pfizer and i have tremendous respect for ian read

brent, what say you? >> well, let's start here.he idea that kasich and cruz, who have criticized each other, now coming together is some kind of novelty, look, what did donald trump do to ben carson? he ripped the hide off of him. what did he do to chris christie? he insulted him at every opportunity. christie and carson are now supporting him. that's called politics. but here is the reality, yes, they're joining forces in these three states. it's a smart move to make, and what they're also saying to the republican party and saying to america is donald trump simply cannot win the presidency. he cannot beat hillary clinton. with the 65% disapproval rating where he's shown his strength is in northeastern states like new york and she's going to take all those states, but they're saying you better look at us because if not, you're going to sit in on the inauguration of hillary clinton next january. >> barry -- brent, you make a fair point about politics. >> it is. >> ben carson is now supporting donald trump and they said nasty things

brent celek is one of the players that should be catching passes from sam bradford. but the qb is not there. how does celek feel? that will be coming up in sports. ♪ to you, they're more than just a pet. so protect them... ...with k9 advantix ii. it not only kills fleas, ticks and mosquitoes, it repels them, too. so do more to defend your four legged friend... ...with k9 advantix ii. for the love of dog. ♪ >>> since the draft how war. >> yes it is. it's draft day tomorrow and brent celek made a tongue and cheek comment about it's a big day for the eagles franchise and the fans unless something really crazy helps carson wentz will be the eagles pick at number two but sam bradford situation still happening over the head of this team. one of the players sam bradford throws to tight end brent celek who got dressed up today in a different outfit. making deliveries for an app by the name of flavor. just haven't, you know, just not there to catch passes. he went and caught some cheesesteaks at geno's ordered the steaks with cheese whiz. i don't like the whiz. i'm more avenu

wti and brent both moving into the positive territory. 1.4% for brent. 1.3% for wti. and this comes after the steep drop off in yesterday's trade. the move higher is partly waged to an oil worker strike in kuwait. moscow is now considering increasing ill production. that's right. and that 540 million tons of output is a realistic level. hadley has been following all the developments in kuwait and joins us now. >> reporter: hey. i'm standing just inside the union of oil and gas works outside of the kuwait city. and this makes up about half of the work force here. what i'm talking about right now are kuwaiti nationals. at the end of the day the workforce, the rest are expats and they are still on the job. the government says that, you know, if this is a fight about salaries and benefits, the salaries for these guys will remain the same. but they haven't agreed as yet to keep benefits at the current level. that seems to be the sticking point here at the union. a lot of these benefits are sort of the cream on top of the government's salary. and there's been a move in the

. >>> eagles tightened brent celek plays quarterback for a day. reason he was passing out cheese steaks to hungry philadelphians, don. >>> ah, speaking of brent celek he may have a new quarterback throwing the ball his way. we are live in chicago for the nfl draft, coming back, we will have the latest from the windy city. eighty six million adults have a serious medical condition called prediabetes, but ninety percent don't know it. you may be one of them, and your risk of developing type 2 diabetes is higher. the good news is that you can prevent or delay diabetes. talk to your doctor about a simple blood test for prediabetes. sponsored by nacdd with support from the centers for disease control and prevention. visit cdc.gov/prediabetes ifor all the wrong reasons.gical you may be muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin®. because it starts working faster on the first day you take it. try zyrtec®. muddle no more®. >>> well, special delivery for some people, creating a cheese stake i

this is coming up this summer, "david brent: life on the road." >> yeah. >> seth: all right, now thist time you were here -- i'm such a fan of "the office." >> thank you. >> seth: and so now this is revisiting your character david brent -- >> yeah. >> seth: -- 15 years later. >> it's 15 years later. it's what he's doing now. and what he's doing now is he's a sales rep. he's selling, you know, cleaning products. well, all yo t >> seth: oh, yeah. >> urinal lozenges. [ light laughter ] tampon dispensers, you name it. >> seth: okay, good. >> so he's this guy, okay, and now he's not in charge anymore. he's just a guy in the office and he's sort of bullied because the world is different, it's full of alpha males. you know, we're in that place now where people go -- on "the apprentice," while going, "i will destroy anyone." and he's out of time. he's sort of 55 now. and he's spending all his money. he's cashed in a few pensions because he's never given up the dream of being a rock star. so he's put together like a band of like mercenary session musicians who think he's an idiot. but, you kno

we're joined on set by brent saunders, the ceo of allergan. thanks for being here. >> thank you for having me. >> it's been a tumultuous couple of days. >> it has, yes. >> there was a call back in february. you were talking about the spread. you said, man, it's baffling from my point of view. as far as pfizer is concerned, we think this deal will close. we're in a strong position. i don't see any obstacles. you guys were blind-sided. >> we were. look. we built this deal around the law. the regulations, all the notices that were put out by the treasury. and it was a highly legal contract. we follow it as they're looking to move to a foreign domicile. for rules to be changed is a bit un-americ un-american, but that's the situation we're in. we're a great company and so it will work out well. >> do you believe the treasury specifically targeted your deal? >> it certainly appears that way. these rules, this three-year lookback was designed, i think, very specifically to target this deal. i don't believe based on an initial review it impacts any ot

brent crude on a path to $50.45.urveillance." ♪ francine: tom keene is in new york. i am francine. brazil's leader is leaving the country under the control of the man she accuses of trying to dispose her. coming to new york for a climate event. she can to the impeachment process against her. ecuador will raise taxes to pay for a devastating earthquake. the president will use emergency decree power to boost the sales tax by two percentage points for a single year. billionaires and businesses will also pay more. anyone making more than $1000 a month will lose one days pay. thathile, the earthquakes struck japan last week may cost insurance $3 billion according to the catastrophe model. it killed more than 50 people and caused widespread damage. the money political donors are no match for donald trump. super pacs and other groups have spent $40 million on ads to stop trump from winning the nomination. he is still the front runner. some of the biggest donors are behind the dump trump effort, among them, joe cricket. glob

. -- news pre-back to you, brent. brent: bad news for an italian, looking for the former coach.s is for his alleged role in a match fixing case. infante has already served a band over the 2011 case but has always denied wrongdoing. the verdict is due in may. well, they say 40 is the new 25 or 20, especially if you are a winter sports great. the 42-year-old was due to retire this year but has changed his mind. he won a gold, a bronze, and two silvers, encouraging him to prolong his indian summer. he also announced he is expecting a child with a former champion. a relationship that was only publicly confirmed today unit how the young people are. all right, after a short break, i will be back to take you through the day. stay with us. ♪ xnóx >> greetings from berlin and welcome to our highlights edition, which shapes up this time around with the following top stories. austrian eva walkner is one of the world's best freeriders. instaminiseries are an up and short and sweet coming way to , use video on the internet. digital innovations revolutionize the tourism industry. >> and we st

brent saunders agree with me, by the way. looks like i was wrong, though. as of today, we're changing everything. this is the jack lew drug bolt market because the treasury secretary freed both pfizer -- which needs to buy someone badly -- and allergen which basically shouted from the radiotops let the speculation begin and started a whole new round of mna. i've been saying without takeover this is group is dead, dead, dead. in fact, without takeovers it's been in free fire zone for short selling. every short seller knew you can short anything, biotech, medical device, didn't matter. there were no buyers. then last night we had a positive technical outlook about how this bio tech group was about to take off. i thought what the heck? this time the queen has lost her mind. nope, she said bio teches are ready to rumble. holy cow, what a call. so who's worrying? how about the bio tech she is mentioned. regeneral ron hated by its topic dermatitis drug is flying. sanofi maybe pulls the trigger on the rest. biogen zooming, nothing is too big. allergen is going to

brent around 4:00 was flat. unbelievable. it was down 7% last night.et: however, if you look at what happening in after-hours trade, a lot of individual company news driving stocks. you have netflix plunging after weakening international subscriber growth. domestic numbers beat analyst estimates, but the stock is reacting to the mixed forecast for international. ibm lower in extended trading, even after earnings beat analyst at the -- analysts estimates. netflix, additional headlines, says it does plan to raise added capital later in 2016 and early in 2017. raise capital to through the high markets. the content cost's you pointed out earlier are quite high. netflix into news to get hit after-hours. scarlet: it's all your house of cards. alix: my dad. -- bad. joe: what'd you miss? check out this chart. remember last friday we were talking about the pretty solid on ase gdp data year-over-year basis? they beat expectations. but then over the weekend, we got the quarter over quarter data. for some reason, it was released later, and there is a really big ga

brent was on his game, brent saunders, ceo of allergan. but yeah, it's like shooting fish in a battle for foreign company. do with we want that? "usa today" cover story, the government versus business. >> how about page one of "the washington post"? i'm quoting here -- "the president seems to have shed any hesitation to take actions that critics might dub antibusiness." >> exactly. >> you couple that with the baker hughes action yesterday, the doj, long time in coming and perhaps way too long. i mean, if they really felt that way, why did they wait 18 months? but the two coming so close together certainly do have that feeling. >> i'm going to put it right to you. >> okay. i'm ready. >> is dell/dupont dead? >> whoa! i don't think so. >> why? do you think the president -- >> i don't think the overlaps are that large. >> president's -- how about he calls, i don't know, epa, says dupont's -- >> the only thing i will say is when it comes to antitrust, you do have the courts to go to. in the case of odp staples, for example, the courts are weigh

brent celek talked to howard he is begin south philly yesterday while representing some new delivery service for cheese steaks, believe it or not, and here is the back and forth about bradford between brent and howard. >> i'm not disappoint in the him. everyone has their own decisions to make. but i think we as a team, you know, we would like sam there. we would like to work with him. at the end of the day that's his decision. >> ten, 15 years ago, players would call a guy and say hey, sam, we need you in here. how come that doesn't exist any more? >> i think it exists a little bit. but at the end of the day, you know, everyone is a grown up. everyone makes their own decisions, and you can only say certain amount of things. their decision at the end of the day. >> well, far from the leader and catches and receiving yards last year, brent celek is the nfl leader, in saying that phrase end of the day. which i despise. chris, lauren. >> i do too. that drives me nuts. steve, thank you. >> 4:08. we have some breaking news out of north korea suspected paraphed mill reigning miss ill crashe

brent crude unchanged from yesterday. that international benchmark is brent crude, and it was earlier set for its biggest gain in seven years before dropping down. the international monetary fund says losses for major oil combined could reach a half trillion dollars. the figure includes 2015 and 2016. earlier, i spoke to the imf chief for the region about the prices.f lower oil >> last year, the oil exporting countries lost $400 billion in terms of oil export revenues. this year, they will lose andeen another $100 billion $150 billion, depending where oil prices settled. these are large sums for these countries. these countries have swung from having comfortable budget surpluses in 2013 to having large deficits. they will need to over the next few years balance their budgets and need to get used to the new reality where oil revenues will be lower, and they have to become less dependent as economies on oil. >> that's because of the lower oil prices, but is that conversely a benefit, an advantage for some of the countries i

you can see not quite as bright with ew ti and brent crude. brent crude is still trading for over $44 a barrel, which is more than we have seen in recent months. the stock markets are having a good day, european shares trading significantly higher at the midpoint of trading day. chinese trade figures are showing a rise in imports in march. catherine: in france, the government has published its latest outlook for the economy. how is it looking? stephen: it is more of the same. coming this year. they predicted that growth of 3.3%while in a deficit of at 4 this year, that is as before, but it slashed its forecast of inflation from 1% to just the 10th of that. that will send alarm bells to economists about the state of the french economy. these forecasts have tended to be optimistic on the scale in recent years. we will have to see how those pan out. catherine: the government has tting budgets, leaving some communities short of cash. stephen: 3.5 billion euros for those local governments, so mayors in several cities have prompted the idea of askin

i think this is -- >> seth: okay. >> because they named him -- he's not david brent in this. he's david gervais. [ laughter ] as a little homage. because i've got a french name. >> seth: oh, that's true. >> yeah, exactly. >> seth: is it an homage? did you take it as one? >> yeah, sort of. they told me it was after me, yeah. >> seth: okay, that's nice. >> and they found another fat bloke, so it's perfect. [ light laughter ] >> seth: and i know that you engage with fans on twitter and i know that have heard at times -- >> "fans" is a strong word, yes. [ laughter ] >> seth: the monsters of twitter. >> well, yeah. i mean, it's -- i've got, you know, a few fans. and it's nice. it's nice. um -- it reminds me of -- don't go out. you know what i mean? those people are -- don't go out your door. there's -- you see, as an observational comic, i usually have to meet people. but now i can talk to these crazies from the safety of my mansion. >> seth: oh, wonderful. >> exactly. >> seth: so you don't have to go outside anymore. >> no, they're great. it's really good because it's you know yo

it is rising a little bit; looks like brent is going up.could be related to the the marketuwait, getting more accepting of the fact that the strike isn't going anywhere. we will be monitoring that throughout the day. in the past we have seen the spread narrow, and it looks like it is widening out. we are few minutes into the trading day. i hope my time is right, because up next, it is time for battle of the charts. anna, i'm going to get a chart and you will get a chart and are guest gets to adjudicate. ♪ hans: welcome back to "on the move." it is time for the battle of the charts. what i going to show you is the number of chinese tourists going to japan. be overly for my chart is the idea that we have a lot better economic data coming out of china then we know. it's a recently positive, that risk on sentiment. we have had the monthly visitors to japan. this white line shows you the spike. this shows you a wealthy, middle-class chinese consumer wanting to see the world. here we have the taiwan as the benchmark, and korea bouncing around. yo

brent hit a new high for the year, up over 2%. and more than 50% higher than the low that we hit in january. commodity traders were encouraged by that, and they see some buying ahead of a meeting of oil producers in do ha next sunday. let's get a quick picture of some of the indexes open across the asia-pacific. seoul's kospi is trading higher. a touch better on tuesday for china shares as well. after data showed inflation was holding steady, suggesting people's bank of china may be a little less aggressive on its policies. we shall see when the markets there hope in an hour and a half. that's all from me. back to you. >> ramin, thanks a lot for always keeping you up to date. ramin mellegard from the tokyo stock exchange. >>> when western sanctions against iran took effect a decade ago, global companies started leaving and eventually most left. now that sanctions have been lifted they're rushing to go back. and one is a japanese firm hoping years of waiting will finally pay off. >> this is the president of a japanese paint maker w

brent crude price almost at $42 a barrel. let's see how this is shaping up.the higher oil prices are .elping of shares energy shares are seeing a boost and investors are digesting comments from fed chief janet yellen that the u.s. economy is on a solid footing. let's see if we can bring you the figures from wall street and the stock market over there in the united states. as you can see, positive figures this hour. we need to say that the indices have come off their session highs and we are seeing a little bit of skepticism or perhaps a little bit of anxiousness ahead of earnings season, which is due to kick off next week. let's bring you up-to-date with where the european markets set up shop on friday. the indices on this side of the atlantic were also higher at the end of the trading week. it has been a volatile week, we need to say that, with fresh concerns about weakness for the global economy. cac is leading the way forward for your pain markets, up 1.3% -- for european markets, up 1.3%. the french economy picked up pace during the first quarter of the y

brent celek is looking forward to eagles pick in the draft and brent celek is looking forward to eaglesk in the draft and missing >> less than 24 hours away pretty clear eagles will take north dakota wentz and there's still problems bradford. brent celek was out at chinos steaks working with a company that has an app it's flavor and they make delivers and guy today was celek. more important than cheesesteaks -- by the way i like prove loan or american -- is what he thinks of bradford not in camp. >> i'm not disappointed in him everyone has own decisions to make but we as a seem would like sam there and like to work with him. but at the end of the day --. >> i'm dispointed. all right the phillies had another good gim washington. now, watch this. this is ceasar hernandez breaks his back where does it end up in netting. lucky the net is there i guess. it's a good things. still in 7th inning phillies up 1-0 score a run when washington should not have come home. hernandez scores and borges hits the baseball and ruiz had a home run and first time the phillies won two snraiingt a home run and

just ask brent saunders. after today, i have to believe he'll tell you that. vick in new jersey. >> caller: hey, jim. big fan of the show. >> thank you. >> caller: my question is regarding the twitter stock. i have been reading some negative reviews. i wanted to get your long-term opinion on the twitter stock and the second part is what do you think of the management change at twitter will do for the company? >> this is a simple question. if twitter grows the stock goes higher. if it doesn't grow it doesn't go higher. just because they announce deals, make statements, doesn't make the stock go higher. i bet you're surprised it didn't go higher but with growth it goes higher. otherwise, no. bernie in new jersey. >> caller: hi, jim. my name is bernie and i'm in new jersey, yes. >> yes. >> caller: i have a question for you. i bought nike calls september 65s prior to -- the day of earnings. obviously the stock has tanked. i was curious how you feel about the company in general? >> i thought it was way over done. nike is a stock you buy it, put it away, listen to t

in thell be the new new second quarter if we enjoy $33 brent again?: all eyes in the market are going to be looking at company earning reports. how much will be slashing capex. the first indications for this year are quite hefty. average, -25% globally. if the oil price falls back to the lows we saw just a couple months ago, that idea of how much reduction is going to take place is going to be pivotal. the phrase is "creative destruction." creative destruction had we had so far? harry: i think we have had quite a bit. when you think back at when all of this started, when saudi arabia implemented a new supply strategy in 2014, the long game for opec was to crowd out the higher cost producer. we have had lower prices and significant cutbacks on expenditures. oil companies are really looking to retain cash and pay dividends. in hereant to get lena because of time. benefit to europe? where is the benefit to the united states? lena: i think you have nailed it. it is all about creative destruction. the markets will move to a more constructive balance with d

major averages tracking the extension in the rally in both crude and brent which are each hitting the highest point of 2016 today in this session. the dow is up by 131 points. s&p by 13 and the nasdaq by 22. meanwhile starbucks shares are falling after getting downgraded to hold at deutsche bank. pointing to a premium valuation and what it calls lofty expectations as reasons behind the downgrade. stock is down 3% and alcoa shares falling after revenue missed estimates. the company saying it would cut up to 2,000 jobs amid weak aluminum prices. it's tough to listen to that conference call and find anything to like out of it. >> disappointing numbers. when we come back, an exclusive interview with a whistleblower that could spread new light on the case. why he thinks the cia and nsa could be involved plus we mention facebook at the top. should you buy ahead of this afternoon? we have the answers and alibaba making the biggest overseas acquisition in the it's history. session highs almost getting back to that high we saw about this time yesterday. don't go away. xerox personalized employ

that's what brent will do.e can talk about valeant and how good valeant is doing, trying to buy it, can't, frozen, because of the teva deal. a lot of people feel the treasury is looking back and trying to destroy the structure of allergan, not true. but the deal -- >> but they were trying to destroy this deal in particular. that raises a broader question in terms of what treasury is doing and whether that will undermine treasury in the future. by seemingly overstepping the boundaries of what people expected. >> which makes people wonder if that's one reason why we're weaker today. >> i think oil. this. i think there's -- i have to tell you, the disney news. entertainment has been rallying. i find allergan and pfizer thought they were playing by the rules. i hear them move the goalpost, but you really hear this is another deal that the hedge funds were in. allergan was worth so much. it was -- look. it had 10% revenue growth. that's hard to find, right? that's revenue growth. i'm not talking about inversion tax

brent and wti crude this week. more "bloomberg markets" after the break. ♪ david: this is "bloomberg markets." the number of private companies valued at more than $1 billion has soared in recent years. the list of so-called unicorns has grown to about 200 companies worldwide. lisa: these companies are having more trouble raising money. emily chang joins us from san francisco. are these startups headed for a bubble or bust? a question we will try to answer in a special edition of "bloomberg west" tonight. had beenaluations soaring, but now, we are already seeing some valuations being corrected. biggestspeak to the players and why commentator, the biggest tech incubator in the world. or.ombinat nd dropbox are the two biggest companies that came or by marketbinatio cap. it was started in 2008. people are always looking for new ways to make money. same thing with over. does it matter? airbnb is on track to become profitable this year i'm according to sources. -- same thing with uber. airbnb is on track to become profit

david: i spoke with editor brent vegan.: -- brett: do take your smart with you or leave them behind? david: what do you do about photos? brett: go to my friends. >> we recommended about a different things you might want to pick up that would make using a real camera a lot more fun. every thing from printers to little mini projectors. we recommended a $100 bullet camera, which is fun and comes with a lot of colors. there's a drone that we recommended. bret: we do recommend the fanny pack. >> you can put your passport in their, a point-and-click camera. it's revitalizing the idea of using your camera instead of your phone. >> there will be those who say i have to take my phone with me. you have a few apps. perhaps we could download them. >> face tune is one. blemishes.liminate something called after light, which is popular. it has some thing called -- a something like 75 built in measures. >> thank you. carol: the benefits and pitfalls of being a credit card turner. david: how to live large on the corporate card. carol: that'

brent has been steadily rising. producers cutting back on production.t all helps continue this rally in brent. we seem to be tapering off as those talks neared. judging by what we have seen today it looks as if this is going to be bearish for oil. agreement on a production freeze. i want to get to abigail doolittle. abigail: we have the nasdaq trending moderately higher at this time. one of the worst performers all day has been the shares of netapp. this is a storage company. analysts are saying a survey shows weakening i.t. demand for storage. analyst told me that he thinks the current represents a buying opportunity as well. we see the possibility of some consolidation. perhaps there is going to be an upside for netapp after consolidation. netapp is one of the worst performers. what are some of the other big drags? abigail: the shares of apple. the stock is having its worst two-day slide since january after report from the nikkei asian review says the company asks suppliers to keep production at reduced leve, suggesting that demand for the iphone is w

we'll bring up brent in a second.l well in north iraq apparently has exploded or been hit by some kind of explosion. brent crude up just about the same. we'll bring you more on this developing story as we get it in. for now a short break and more with cnbc right after this. [dad] i wear a dozen different hats doing small gigs,side gigs...gig gigs. quickbooks self-employed helps me get ready for tax time. to separate expenses,i just swipe. it's one hat i don't mind wearing. [passenger] i work for me. and so does quickbooks. it estimates my taxes,so i know how much stays in my pocket. and that's how i own it. [announcer] stay in the flow with quickbooks self-employed. start your free thirty-day trial today at join-self-employed-dot-com. anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. >>> and again to bring you up to date on a breaking story.

down 1% on brent.ices retreating a little bit down .3% despite the story that guy brought us earlier regarding the renewed appetite on gold. manus: they ratcheted higher. you can see these long positions ratcheting higher in terms of the positions of gold. if you believe the fed will not move, you want to be on long commodities. anna: let us get the bloomberg first news now. kumatha: greece could again face the threat of being pushed into default and out of the euro area if its current bailout review drags into june and july according to european officials monitoring the slow progress of prime minister alexis tsipras is negotiations with creditors. they say greece has still not cut a deal on pensions. in a proposed privatization fund continues to slow talks. the imf managing director christine lagarde has issued an unusually strong statement. she says it is critical that the privacy of the funds internal discussions following the leaking that imf officials allegedly discussed putting pressure on german

brent bozell, media research center president. thanks to both of you for joining us. judy, i'm interested in your take. on one hand this is in the tradition of political satire. something that the onion does. something we've seen throughout history of our country. on other hand hard to imagine them doing it to someone else. so obvious trump would be their target. what is your take. >> i think in this most extraordinary, unusual election season, this is a very creative response to make people pay attention to what donald trump has been saying. it was not on the front page. it was on the front pain of the ideas section, which is an editorial section. it was clearly labeled, as an editorial. the news staff had nothing to do with it. so i think it is completely appropriate. and by the way, donald trump doth protest too much, calling it worthless and paper worthless. he was one who keeps talking about it so that he can continue to call the mainstream media scum. melissa: brent, just to set the record straight, he is talking about, this is the "boston globe." "the new york

here, at theg brent oil price in lieu and the world energy index, the price of oil is pushing up thealues of these energy firms. >> if you think about the fundamentals you are still a million or million and a half' oversupply. this is about sentiment. the sentiment shift in the marketplace do we have not seen that play out in reality in the market. have some companies reported the trading gains trading against the price of flight. how did that factor in and all with exxon and chevron? >> these are two operating companies. speculation has always been a player in the energy markets for the most part. if you go back to the fundamentals you still have not seen that tightening in the balances and where up 65% from andlows, w ta -- the uti brent. david: maybe the smallest of the three we are talking about. there, --ins performance? >> it is comparable year-over-year and you do not have the upstream segment but you have reliance on the downstream in north america. exxon and chevron have a mobile -- a more downstream segment. downstream can offset some of the issues you have in respect to th

what areickly, brent, you going to be looking for over the next couple of quarters?hat you want to see from them? we said, it has moved from the honeymoon phase to the execution phase. trying to get closed transactions so it is really about the transition into cloud. they have standardized the ifsonal computing ideas and you want to see that continue, that is their biggest of -- biggest business, is diverse fine pcs. in my opinion, the chatter that they were talking about last year, there is certainly a lot of expectation. can they do more innovation beyond office? and third, there is more infrastructure business, can they stand up against the dws? emily: we will be watching. brent thill, head of software research at ubs, cory johnson, bloomberg editor at large, thank you very much. at $14 perhares are piece in the first tech ipo of 2016. finally, according to people familiar with the matter, has provided software to prevent and detect security breaches and operate in more than 59 companies -- 59 countries. tomorrow, we will be speaking with mike cody from the nasdaq

classes is what we line of same you havestress come brent, select, is that what you envision the marketok like? >> yes, you will have a variety of local executives, not that many in a number of them, too many saturate the market, and it is really the transportation that at the end of the day will make the difference. how big the spread is what change over time for natural gas and lng. link, like it will be linked to henry hub, for example? will develop a local futures market, which would require the ability to deliver lng and have different lng to domestic asked markets. >> right. creating a stock market where they have not had one before. >> we are enabling the spotlight -- spot market to be created, similar to how brent traded in change and various cargoes were traded over and over again. you will see like that happening. >> a short-term import, 28% of 50% of all trade. what do you think that will look like in 10 to 15 or 20 years? cautious on that. if you ask me five years ago, i would have told you today the market have been probably bigger than it is. the natural tendency is we wil

i need brent crude to break through about 37 before i can say i have got a trend. i do not have it yet. we are in the middle of nowhere. i think the fact that, that is a trade, right? that is kind of a range and that is probably the story when you speak to a lot of investors. they say the problem is we know what the floor is that we have not found the top of this market yet. it is quite difficult to call it now. i wanted to do something a little bit like yours and i decided to benchmark my crude oil to rubles. i did have a 200 moving average earlier, it is gone. tom: it is gorgeous. francine: it is gorgeous. you can see the point where it has been trailing off, so this has huge implications for the currencies. i did the benchmark towards currencies because we have the one and only andrew derrick, who is with us for the hour. you,ve oil charts for benchmark on currencies, even currencies on the now falling oil. andrew: they are following oil but equally, there is an interesting feedback from currencies. stories,here is two the dynamics that happen within opec and wi

brent crude also falling.e seeing significant downward pressure on those crude contracts which is expected to play into markets in this region. the yen is also stronger. we would expect automakers and electronics companies in japan to come under pressure. that are a lot of reports they are going to adjust their production following the earthquake last week. all of these futures pointing to a selloff in the region. angie: those oil talks dragged on hours longer than planned it still produced no common ground. why no deal? alex: it was the country that didn't turn up that killed any hope. clear that itit would rule out any restriction on its access until it is reached pre-sanctions levels. it called the notion of joining a freeze ridiculous. the country's oil minister had said he wasn't going to come to the talks, signing the deal of self-imposed sanctions. with the saudi's saying that any workwith iran would not effectively these talks were dead in the water. angie: what is next for the oil markets. alex: the d

international brent has spiked above $44 it aerial. they are prepared and closing up at 2016 with $42 a barrel. let's go to some other headlines now. the agency is creating a rescue fund and supported and announced a plan that was announced privately, including unicredit. the atlantic fund should calm concerns about stability in the banking sector. has submitted a list of concessions as they tried to get the approval for miller. premium selling off the european brands and antitrust toulators are looking resolve the deal of the 24. allow them to expand in south america and africa. the expansion of a criminal of a fund.bezzlement two former officials are being included in the inquiry. $4 billion is earmarked for investment and some of the money may come under accounts in switzerland. statests in the united are shining a spotlight on the gender pay gap on tuesday. home 3.5part took months of extra work. to everyn about $.79 dollar earned by a man. for minorities, that is even greater. hillary clinton wants it will pay and called for trans

atncine: brent at $47, wti $45 -- are we at a range?.,ale producers in the they can turn off the tap at $50. >> i think we are down in a more stable trading range. the bulk is pretty high. if the price goes up, the share prices will come online quite quickly. i think it is reassuring to see that we have maintained these levels. for us, it was always a supply demand imbalance, and there is some dividend to suggest that supply is earning to run off. if we saw inventory come down, maybe that even puts us a slight leg up. francine: andrew, thank you so much for coming on today. andrew wilson from goldman sachs. we have a lot of earnings coming out. we are just getting some like a lot- it looks of the chinese companies are reporting that first-quarter net income is pretty much in line with what icbc also came out with last year. e'll convert that to dollars so it makes more sense, but it seems pretty much in line. states, first-quarter total revenue on the screen, in line. there is was saying, no outcry of anything bad happening in china at