bskyb labor.t their revenues out. they put a few more subscribers but their profits are going down. the reason the profits are going down as they are investing in their own business. they take the long-term view. they are trying to think through what living rooms will look like in three to five years time. >> which is what investors like that because they are reinvesting and trying to look ahead which is why the stock is gaining 4.5%. what is my living room going to look like? it is going to be completely digital? what do i, what will i use and want? >> it will be a lot more than your living room. sky have a project they're working on. rogers et -- project ether. your program content will live on the cloud. be able to watch it in the kitchen, the vegan, the bathroom and take it with you on your tablet. that is the way sky will become part of your life. it will be a lot more than sitting front of the tv. it will be an overall experience of watching content. >> this is the ultimate battle ground. u.

bskyb and paramount pictures., taking in more funds under management. >> look forward to that conversation. our markets editor manus cranny. in 25 minutes, it is "surveillance" with tom keene. you have the very well-paid sir martin sorrell. has a bang up year. we will speak with sir martin about the success that is your economy, the u.k. economy and what the u.s. can learn from the u.k. best practices. we will touch on income inequality. martin sorrell, the certitude that facebook and twitter and google alone the advertising world. a lot more going on, particularly the idea of ukraine relinquishing eastern ukraine. on the banks, brown hands from hintzd bernstein -- brad from sanford bernstein on credit suisse and bnp paribas. >> asked about what is happening in the media landscape vis-À-vis the u.k., a big takeover -- viacom stepping in and snapping up one of the u.k.'s biggest properties, channel 5. destruction.tive drew madison and giuliana manual will join us from ubs. their optimism of the markets and the amer

bskyb., you are watching >> watching to see what 20th century fox, the was parent company, what they up doing it to end up successfully shedding about 10 billion euros. eutschalnd, there is italian -- we will see through but -- rupert murdoch will create no one. that's why is your hair green? -- >> why is he hair green? >> i did a little face painting and the gold has leached into the hair. i will rectify it. >> we will see you tomorrow. have a good day. ♪ >> and is a criminal farce, so says kiev, as the eastern ukraine vote for self rule. it is morning to america and we speak to the arts optimist on better u.s. economic growth. first, henry paulson announced timothy geithner massage the financial crisis message. good morning, everyone. this is "bloomberg surveillance ." live from world headquarters in new york. monday, may 12. i'm tom keene. joining me, scarlet fu and adam johnson. a busything going on but week ahead. >> let me start with what happened overnight. china says the banks on the new loans than anticipated and over the weekend we also learned china's president xi jinping

a number of individual stocks we're looking at today, bskyb, up nearly 4% at the moment. it reported nine-month refs into up 7% to 5.7 billion pounds, the results in line with forecasts, though the group says it added 74,000 net new tv customers in the third quarter. lloyds today, also up nearly 4%, a 22% jump in first quarter profit bolstered its case to restart dividend payouts in the second half of the year, helped along by the british recovery net income. topping 2.7 billion pounds. dansk bank is up as well. first quarter profit beat forecasts, coming in at 14.6 danish corona. >> we encourage results of 2.8 billion after tax. it shows many of the activities we've been doing over the last year are starting to work. we are putting the financial crisis behind us. our impairments are coming down. but we still have a lot of work to do on cost, also on our top line, the growth is sluggish. there's still a lot more work to do but we are encouraged by our first quarter results. >> that was danske bank kbroops. and novo nordisk, the pharmaceutical company lowered forecast by 1

this may be bolstering his attempts to take over bskyb, which have thus for been stalled. and jim wilkinson appointed the head of international corporate affairs. he served under treasury secretary henry paulson and was a former adviser to condoleezza rice. he would be guiding all about -- itsaba's pr efforts before ipo. and the square has launched a new mobile app, square order which allows people to order and pick up food. right now it is only available for a few restaurants in new francisco.n it is also pulling its square wallet app, but will continue to support it for those who have already downloaded it. fcc chairman tom wheeler is revising his proposal for new rock band roles that would -- rod band roles that would create broadb and roles that would create internet fast lanes. they would make sure that it slow not create internet lanes for those who do not pay for access. the fcc will vote on whether to officially start the rulemaking process. editor-at-large cory johnson is with me in the studio and peter new york. bring us up to speed. what is the latest? >> a lot

other stocks are murdoch stocks and a rumor he is interested in combining bskyb and sky italia.difficult deal to get done across the european union. that apparently is what he's aiming to do with one of his sons and those stocks are fairly active. astrazeneca, tonight or the middle of our time. the ceo of pfizer will enter the house of commons and start defending his bid for that. we have more news coming through on potentially what they may do to get their hands on astrazeneca. >> and in europe it's heating up now? >> on both sides of the atlantic. >> both sides. we'll see what it means for the market. rick santelli is standing by with the santelli exchange. hi, rick. >> everybody wants to know when higher rates will arrive. 2014 wasn't a good year for pontificators, analysts, economists, whatever you want to call them. i'm not making fun of them. markets are quite difficult. when you have so much of the market under pressure by agency like the federal reserve and treasury and all the global issues it becomes that much more difficult. look at the following charts. these go back

bskyb. the pay tv operator up 3.6%. monthly revenues up 5%. 74,000 net new customers. keep your eyes on viacom, the guardian newspaper suggests when the results are revealed this morning, they'll also say they're in talks to acquire channel five, currently owned by richard desmond who owns the express group. that's where we stand in a thin session today, because of all those market closures. back to you. >> not so fast. you glossed over that. andrew wasn't listening. you said the uk decided not to celebrate it because they view its is a communist holiday? is that what you said? >> well, that was the view taken by margaret thatcher, because it was -- a labor day -- >> communist is all right. just say it. don't take it -- show me the chart of the people -- >> that's what the historical -- that's what the historical basis of that was seen as by margaret thatcher as to why she decided she wasn't going to celebrate it. >> the uk is open and then i do see a large swath of sort of communist europe is there, closed. >> i knew i was opening up a can of worms by saying that. >>