madam christine lagarde, managing director of the imf. >> sara eisen with christine lagarde making a bunch of comments saying she's glad greece made the payment to the imf in what she called an orderly fashion, said that the government there elected with its own mandate that needs to be respected in her words, did say, jon, monetary authorities need to be attentive and granular and look out for bubbles in various asset classes and then interestingly, referring to uber and pinterest's valuation said maybe there's an explanation it if there are truly companies that are disrupting protected networks of business, maybe some of these valuations are -- can be explained. >> saying this doesn't remind her of the dotcom bubble which, of course, she lived through along with the rest of us and pointing out that she's paying close attention to gender discrimination issues in the work place when sara asked her about the ellen pao trial, particularly in lower income countries where having equality is really important. moving on, many apple fan boys and

christine lagarde at 10:20 a.m.y looking forward to talking to christine lagarde about the new reality of her new -- stay with us in new york. in washington, it is the spring meetings of the international monetary fund. ♪ brendan: this is bloomberg "surveillance." tom is in d.c. for the imf meetings. it is time for our single best chart. what is google? that is what eu commissioners are trying to figure out now. they believe it might be a monopoly. but google actually is is the subject of today's single best chart. so, here's what we're looking at. the green is what you think of as google. their sites, youtube, display ads. the blue is ad sense, networks that search results feed into. the yellow is other. hardware sales. olivia: and google play. brendan: what you do not see there, however, is what it is google is being investigated for by the eu commission, which is taking its google shopping network. which is not really a part of revenue. the other thing that is being looked into is android. looking at this chart,

christine lagarde says the bill is due. industrial jeffrey immelt and general electric reported earnings. good morning, everyone. this is "bloomberg surveillance." joining me, as always, is brendan greeley. olivia sterns is off today. brendan: republicans are trying to rescue a trade agreement backed by president obama. it is opposed by many of president obama's own party. unions and environmental groups are among those opposed. >> you can make the argument that a trade agreement like this will increase corporate profits. it probably will. you might even make the argument that it will improve gdp. maybe it will. but if it does not increase middle-class incomes, which is the greatest problem we face in the country, i cannot before such an agreement. brendan: the white house said it will open the economy to more products. the imf is playing hardball with greece. christine lagarde said she will not let greece skip a payment. greece told creditors earlier this month that it might have to skip a payment. the issue comes down to

christine lagarde says the bill is due.and general electric reported earnings. good morning, everyone. this is "bloomberg surveillance." joining me, as always, is brendan greeley. olivia sterns is off today. brendan: republicans are trying to rescue a trade agreement backed by president obama. it is opposed by many of president obama's own party. unions and environmental groups are among those opposed. >> you can make the argument that a trade agreement like this will increase corporate profits. it probably will.

christine lagarde: you are very well-informed. those two countries that have the benefit of delays were back 30 years ago. they were developing countries. we never had an advanced economy asking for that kind of thing, delayed payments and i very much hope that this is not the case with greece. i would call myself not supportive. caroline: breaking news on that -- expected merger between the world's biggest cement maker. some of the shareholders are not liking the agreement. euro cement wants a board membership seat, but that has been put to the back burner because they came out this morning saying what they see as the future -- disposing of assets. lafarge will let go of seven terminals and a plant, disposing of assets in $450 million. they include divestment from holcim. this is all to try and get the ftc approval for their m&a. they say they are subject to ftc approval but so far they sound pretty optimistic, saying they hope the merger will be due to close in july. they still need shareholder signoff. the agenda, they say, wil

this christine lagarde believe when we moved to normality, can we feel it with global stability so weo not have another event? director lagarde: i would observe it's not going to be a collective move. in other words the fed, bank of japan ecb is not going to move at the same time. tom: correct. director lagarde: when one moves, the other two are still on their accommodative my tree pace. i think that should balance the risk we see of capital outflows from the high-yield instruments through safe havens. so i think that has actual benefit to it. but we have to go back to normality because clearly central bankers are in completely uncharted territories. they are exploring. they are moving -- using interest rates again as one of the key levers of monetary policy. tom: i'm certain that that is not in the textbooks where we are right now. it is really uncharted territory. director lagarde: yes, it is. absolutely. but it is needed at the same time, because how do you lift in flirtation -- inflation expectations? monetary policy on its own will not do it. if policy makers do not address struc

what did you make a christine lagarde sbs remarks echo -- christine lagarde's remarks?rik: they need to make some reforms in greece and make another program. that is the way the imf in the past has structured debt is to agree to a new program. alix: but the new program is not going to happen. they said that it is wrong to keep that going in the current plan is not successful. erik: i disagree with that. i hear the argument, but greece was starting to grow again when the new government came in. it is very complicated and many things changed along the way. the program that was put in place, structural reforms, hikes and pensions are still not as high as in germany, for example. people are voting in somebody who really doesn't even have a plan. alix: a year ago or so, you are relatively optimistic on greece. where do you stand now? erik: i still think they will stay but they will spend a lot of time in what i call the gray zone. maybe to the imf even. the economy continues to decline and make those ious legal tender for tax payments. disastrous outcome. but i don't think t

christine lagarde first on cnbc later this morning.ut first, david's got breaking news on intel. >> that's right. we want to tell people about the talks that have been going on between intel and altera first reported march 27th, have ended. >> yes! >> in fact without a deal. jim seems to be excited about that. >> i knew it was phony. i knew -- they were talk bug just another -- >> let me give you details. >> just furiates -- >> a march 27th story, intel in advanced talks to by altera that got the stock price up and frankly intel's as well what happen i can tell you now, intel made an offer, in the low 50s, which is significant premium to where altera was trading and a price that altera stock despite the move up on the "wall street journal" story never reached it was not a price altera was willing to take. and so while they had talked for months and there had been a good deal of due diligence on intel's part unable to agree on price. they have not spoken for the last week intel has abandoned any attempts to acquire altera. of course, wh

christine lagarde will not support -- payday. the final jobs report for the united kingdom ahead of election day is due. some of the things we are watching. i know some of you are screaming it to the wages. as i said, we have futures lower across the board. let us get your market open. caroline hyde? caroline: first, a weekly drop. currently we are opening up flat in the u.k.. greece reeling front and center. taking profit for the last couple of days. 2% across germany. locking in those profits. up 20%. as we get into this, the area of volatility. greece potentially not making the debt repayment. maybe a little bit of nerves creeping in. we wait for germany's open. italy down by 2%'s -- 2/10 of a percent. that is check-in on how the foreign costs are going. rising today. currently up. 12 point 25%. -- 12.75%. more than 28%. remember the short-term debt is what shows up. the fear factor building in. to your debt, more than 28%. the height of concerns of the debt crisis. clearly, people getting worried about what is happening in gr

including the imf chief christine lagarde.th him about half an hour. , another world bank president just wrapped up some remarks. what are the biggest issues being talked about? tom: what is so fascinating is the back story. these are meetings about a new mediocre, improvement to a new reality. what is really front and center here is the terrific tension between those gloomy and those traumatically more optimistic. you see that more -- no more than at harvard where very optimistic about how we come out of this problem into better growth. another say, no, i will address that with madame la garden the next hour. betty: i know you will be addressing a lot with christine lagarde. tell me, what is on the top of your mind when it comes -- in your conversation with her? what are you going to want to tackle the most? tom: front and center are the spreads widening out in greece the new tension within greece. the new mediocre, and to get an update on that. she calls it, where do we stand right now? i have to ask her, where do we stand i

we talk with the chief of the international monetary fund christine lagarde on greece china, and the global economy's uneven recovery. >> the world is so interconnected that instability in any corner of the world is going to affect all the other corners. >> woodruff: plus, from the pony express to amazon drones, the stiff competition to win over customers that want same day delivery. >> it used to be that waiting seven or ten days was fine. increasingly people's expectations they will get pastor and free delivery. >> woodruff: those are some of the stories we're covering on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: >> at lincoln financial, we believe you're in charge. you're the chief life officer and this is your annual shareholder's meeting. you're overseeing presentations on research and development, and welcoming new mbers of the team. you're in charge of it all. lincoln financial is committed to helping you take charge of your future. life, income, retirement, group benefits and advice. lincoln financial. you're in charge. >> supported b

reporter: christine lagarde said there could be no grace. for greece. she said allowing delayed payments would be no different from issuing new credit. christine: late payments have not been granted by the board of the imf and the last 30 years. it was eventually granted to a couple of developing countries and that delay was actually not followed by very productive results. reporter: over the next two months greece must make payments of around 2 billion euros just to meet its obligations to the imf. greece's creditors in the eu are saying there will be new money only when reforms are implemented. >> you have good reason to provide -- we do not provide help if the country does not use it to help itself. reporter: time is running out for the greeks who plan to ask the united states for assistance . but the country's coffers are quickly running dry. anchor: on to the market action -- european markets fell thursday amid renewed worries about grace. the selloff in frank for it was particularly sharp. our correspondent sent us this summary of the days trading

job and prosperity with the head of the international international monetary fund, christine christine lagarde and world bank president. i follow the money to washington d.c. to get more information about your money from the most powerful leaders in the world. >>> i'm here in our nations capital to get answers about your money from the post connected folks. the american economy is on track. more than 3 million jobs added in the last year, and a stock market hitting record highs. none of that seems to change the reality for millions of workers desperate for their share of the nation's massive wealth. thousands in cities across the country came out to protest low wages. the intent was to focus on the flight of fast food workers, others trying to make ends met joined the protest in solidarity. like adjunct professors and freelance professionals. they demanded a federal minimum wage of $15. >> reporter: agneses has a long come ute. spending $15, taking two buses taking two hours. she makes $10 and hasn't had a raise in a decade. >> we are struggling, struggling bad in the city. we need the $15. fo

managing director, christine lagarde says the world could fall into something she calls a new mediocre. slow economic growth for a long time. i met her in washington to ask how she defines the threat mediocrity imposes. >> new mediocre is that sort of growth but moderate. growth but uneven, growth, but no jobs. my fear is this new mediocre is the new reality. i don't think it is. if policy makers take the right decisions, and that means addressing today's risk and addressing tomorrow's potential, which we have downgraded. >> our growth rates globally are not terrible. what is the concern, because we are not in panic, recession, crisis, we are not going to fix the economies making it more beneficial to the greater population. you know when you get the school report, saying mediocre, can do better. we need to do better. what that means in the short term, continuing the monitoring policies in eurozone, in japan, moving away from commodities in the u.s. is great news. the u.s. growth will be solidly anchored which we are seeing. it means a smart fiscal policy. those with fiscal space shoul

the finance minister yanis has assured christine lagarde that greece will make its debt payment by the due date. hans nichols follows this very closely and joins us with the latest. what is the government saying? varoufakis was just an d.c. where does the money come from? it has come down to this. hans: they do have the ability to juggle some money internally for the first part of the month. the tax receipts they say are up, even though they were down in january and february for a total of 900 million euros, when you look at what came out of the meeting with madame lagarde a clear assurance to make that debt payment to the imf. they also talked about ways they can strengthen the between greece and its creditors. mr. varoufakis had a meeting with treasury department officials and in some ways he has allies in the u.s. administration because they would like to see less austerity imposed. varoufakis is saying over the weekend, april 24 is the new date. that is when euro finance ministers meet in rego for a meeting. that is when he was to see some kind of deal. it includes a primary surplu

bloomberg "surveillance" anchor tom keene spoke with christine lagarde. here is her take on the economic recovery. ms. lagarde: today we are seeing recovery coming along. forecast of 3.5% this year and 3.8% next year. it is not strong enough. it is very uneven. you mentioned brazil and china you could have mentioned russia. we had a very diverse section at the moment. mark: ms. lagarde said she would not support a delay in greece's debt payment, saying the imf has not granted a payment delay in 30 years. that is a look at the stories we are following. the u.s. housing recovery may be slowing. new home construction rose 2% in march far less than the 16% forecast by economists. an improvement over february. michael is chief u.s. economist at j.p. morgan in new york. welcome back to "bottom line." good to see you. michael: good to be here. mark: the jobless rate is 5.5%. why hasn't that been enough to support the real estate market? michael: one of the biggest issues has been restrained household formations and not a lot of people moving out of their homes.

imf managing director christine lagarde spoke to bloomberg today. have some of her comments. and managing director of janney montgomery scott will join me to discuss the situation greece and the impact it is having on euro bonds. back to you and san francisco. emily: thank you. coming up, new york's chief technology officer shares his plans to bring internet access to all new yorkers. ♪ emily: i am emily chang. this is "bloomberg west." we visited seattle to see what the city's cto is doing to wire the emerald city. let's find out what new york has in store. last year, new york appointed its chief technology officer with a mandate to develop a strategy for technology and foster the city's tech sector. here she is, joining us from new york. new york's first chief technology officer what is your number one priority? >> my priority is to make new york city the most tech friendly and innovative city in the world. while we care about cool technology, we also care about closing the digital divide. it is probably the modern issue of our time. emily: you wa

christine lagarde: we've never had an advanced economy asking for that income on delayed payment. i hope it's not the case with greece. i would not support it. emily: greek officials told creditors is not dismissing the imf. he was just warning you as part of the ongoing discussion. wikileaks editor and chief julian assange says the new sony archive reveals the inner workings of the company at the center of a geopolitical conflict. the documents were first posted online by hackers tied to north korea in retaliation against "the interview," the set robe and film that -- the seth rogen film. and disney unveils trailers for the new star wars. it coincided with an event in anaheim today to drop enthusiasm -- drum of enthusiasm for the premier. netflix is up in its number of global subscribers. but the impressive international growth has yet to result in additional profit. international straining has actually cost the company 100 c million dollars in the past year -- 160 million dollars in the past year. also a threat to the country, i received. -- a threat to the company, piracy. i wi

christine lagarde was on the cover of the financial times last week.chinese economy. i am very intrigued with the policy -- possibility of a chinese economic recovery and how differently we may think if it actually unfolds. caroline: a live shot of london, bathed in sunlight. xts phone is not looking hot, 5100 basically flat this morning will sto. ♪ mark: nokia has agreed to by alcatel. joining us now, julian wright. julian: it is a game changer. yesterday we had a holding announcement from the two companies we already have confirmation the deal is pushing ahead. there is urgency behind this. i think it is significant. we can talk about the challenges that companies will face in this merger. it changes the dynamic in the equipment supply industry. previously you had to leading companies -- two leading companies. this now projects them firmly in with the other big suppliers. the whole dynamic will be change. caroline: they talk up the fact they will be an innovation leader, who brings the strength? julian: nokia brings strength in mobile broadband. they

this is the major issue with christine lagarde. is greece banana republic? guest: it is going to be an banana republic if it not in europe. the spreads are moving higher because there is a realization that the longer it goes on the more installment greece becomes. greece is insolvent. tom: what does it mean for u.s. investors on this monday morning? guest: china is far bigger news erie it greece is a tale risk. if greece exits the euro tom: this is critical. it's not a big deal, but it's huge deal. brendan: greece is insolvent. it clearly is. this is the position of the greek government. the finance minister was very clear. he said we are insolvent. that is one of the issues of this back and forth. we are hearing that we can talk about debt restructuring. tom: this goes back to reinhardt. what is the difference between the liquid and insolvent? guest: with cash flow, you don't have the method of rain erie you might have the assets but not the method. there is balance sheet in solvency where your liabilities exceed your assets. greece has most -- both of thos

manus: yanis varoufakis has promised christine lagarde he will pay the bills.re's he going to get the money from? manus: i have a question for him. i will beast eking to him on thursday -- i will be speaking to him on thursday. a country going from week to week. david buik: i think you are being kind. it is day to day. the whole situation, a country that owes 240 billion euros and a country with 11 billion people. i put it to you that hell has a better chance of freezing over it that greece either to service the debt or repaid. caroline: even if they push it into the future and pay much more interest? david buik: what i don't like at of moment is that we understand tsipras is having a chat with vlad russia and then china. a few assets to sell. which of they should've done in the previous five years and promised to do and never did. the fact remains if the european union once agrees to remain, swallow it -- wants greece to remain, swallow it. there is no doubt they cannot go on. everybody will lose credibility. mark: the bart chart showed volatility in the pound

we'll hear from the managing director of the international monetary fund christine lagarde, about lifting sanctions, what that could mean for the global economy and we'll get our panel to weigh in next on "sunday morn futures." well, a mortgage shouldn't be a problem your credit is in pretty good shape. >>pretty good? i know i have a 798 fico score thanks to the tools and help on experian.com. kaboom... well, i just have a few other questions. >>chuck, the only other question you need to ask is, "what else can you do for me?" i'll just take a water... get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credit decisions. you used to sleep like a champ. then boom... what happened? stress, fun, bad habits kids, now what? let's build a new, smarter bed using the dualair chambers to sense your movement, heartbeat, breathing. introducing the sleep number bed with sleepiqtm technology. it tracks your sleep and tells you how to adjust for a good, better and an awesome night. the difference? try adj

job and prosperity with the head of the international international monetary fund, christine christine lagarde world bank president. i follow the money to washington d.c. to

we'll hear from the managing director of the international monetary fund christine lagarde, about liftingthat could mean for the global economy and we'll get our panel to weigh in next on "sunday morn futures." you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. the technology changes the design evolves the engineering advances. but the passion to drive a mercedes-benz is something that is common... to every generation of enthusiast. the 2015 dream machines, from mercedes-benz. today's icons. tomorrow's legends. visit the dream machine event today for up to $3,500 towards purchase. >>> integration of iran in the in

states over the weekend, talking to the head of the international international monetary fund, christine lagardeget better terms, that was not granted. reports are that the i.m.f. sends a demand to the bank of greece to say this money needed to be paid. this morning the greek government informed us that they did, in fact instruct the bank of greece to paying the payment to $500 million just in instalments to pay this back. the greek government said as late as last week it didn't have the money for this and if it made the payment something else would suffer. one greek official came to say they'd prioritise salaries and pensions in greece over a repayment of this sloon. that did not go over well with the powers that lent greece money, comtuesday april 14th, greece has a payment of more than 400 euro due at the end of the month, of more than 900 euro and in the month of may, greece has to pony up 2.1 billion euros for salary and pensions money not paid. the drama is not close to being over >>> ali velshi in athens. president obama met with jamaica's prime minister in kingston. he and portia miller

. >> the imf's christine lagarde. >> the focus to have a completely dedicated institution that will focus on infrastructure on a regional basis is actually an attractive proposition. >> japan and the united states are holding back on joining the aiib, citing transparency concerns. >>> executives at japanese electronics maker sharp are in the final stages of negotiations to receive more funds from their main creditors. the aim is to rebuild the firm's finances. they are expected to book a net loss for the business year that ended march for the first time in two years. sharp is likely to receive about $1.7 billion from its main creditors. executives at the firm also plan to take radical cost-cutting measures. they're asking 3,000 employees in japan to accept voluntary retirement and its selling its headquarters in osaka, western japan. to improve the alg tv business, the executives are now considering the closure of an assembly plant just north of tokyo. the executives plan to compile a mid-term business plan by may. it will include radical stream lining. >>> let's check in on markets. glob

we talk with the chief of the international monetary fund christine lagarde on greece china, and the global economy's uneven recovery. >> the world is so interconnected that instability in any corner of the world is going to affect all the other corners. >> woodruff: plus, from the pony express to amazon drones, the stiff competition to win

i'm following money to washington and going right to the top to talk to christine lagarde, mobile uncertainty is risk of recession, what does it mean for you and your money? i'll have the answer he tomorrow night right here. >> al jazeera america brings you a first hand look at the environmental issues, and new understanding of our changing world. >> it's the very beginning >> this was a storm of the decade >>...hurricane... >> we can save species... >> our special month long focus, fragile planet [ ♪ music ♪ ] >>> the unwillingness of the pharmaceutical industry to sell its medicine to state for the purposes of executing condemned prisoners are giving states a problem. if you carry out the sanctions you need to come up with new measures. a state decided on the firing squad as an option. problems coming with using medicine to end life instead of prolong it -

to the international monetary fund this week after the greek finance minister held talks with christine lagarde in washington. there were fears athens would default. but they say they will be able to meet all obligations to its creditors >>> the atom smashing large hadron collider has restarted after a 2-year upgrade costing $150 million. as nadim baba reports scientists hope they will be able to reveal what makes up the universe. >> reporter: back in action more powerful than ever. over the last two years they've been busy upgrading the biggest party accelerator under the swiss french border. sunday scientists fired two particle beans, known as the hadron collider the lhc. these are baby steps, the european organization for research. >> it will take us about two months. 6 weeks to two months to establish a stable collision. they'll have to commission all the instrument and the systems one by one. >> reporter: in 2012 they announced an unexpected breakthrough. >> it's a great day. >> reporter: scientists discovered the higgs bossatswain, earning it the nickname the god particle. the two scienti

i'm following money to washington and going right to the top to talk to christine lagarde, mobile uncertainty is risk of recession what does it mean for you and your money? i'll have the answer he tomorrow night right here. here. >> a not so special delivery. a postal worker lands a small aircraft just steps in the u.s. capitol building. how this is raising concerns about safety and security in washington. guilty of murder. >> aaron hernandez may have been a well-known new england patriots football player. however in the end the jury fo

i'm following money to washington and going right to the top to talk to christine lagarde, mobile uncertainty is risk of recession, what does it mean for you and your money? i'll have the answer he tomorrow night right here. >> al jazeera america brings you a first hand look at the environmental issues, and new understanding of our changing world. >> it's the very beginning >> this was a storm of the decade >>...hurricane... >> we can save species... >> our special month long focus, fragile planet >>> assessing the damage. the u.n. says the plight of yemen's people getting worse and it's envoy is quitting. ♪ ♪ >>> hello, welcome to al jazerra. i am martin dennis, also to come if the program. grief and anger as south korea marks a year since the sinking of the see wol ferry. clem bee as develops says air strike against marc farc ebel ares back off are on after seven years remember killed in

ooft $3 billion payment due next month and the imf managing director christine lagard said it's a good first step but more to be done. >> what matters now is for the greek authorities and the three institutions the imf, the ecb and the european commission to get on with the work. and to really see how we can, together identify the measures that will take greece out of the very bad economic situation it could be in if those measures were not taken. >> iran's supreme ruler said no final nuclear deal done until all economic sanctions from all countries are lifted on day one. last week iran reached a tentative deal framework with six world powers agreeing to limit iran's nuclear program in exchange for relief from the sanctions. at the same time nations in the middle east aren't waiting around and are looking to increase their inventory of conventional military weapons but creating an arms race. that is being watched very closely by u.s. defense companies. hadley gambill has more. >> reporter: with months to go before a final deal reached with tehran over a nuclear program, u.s. officials

the greek finance minister yanis varoufakis, has reassured imf chief christine lagarde that athens will meet its commitments to its lenders. reporter: some members of the greek government had warned athens would not be able to repay its debt to the imf on time, but after an informal meeting with the head of the organization, finance minister yanis varoufakis was confident. yanis varoufakis: the greek government always fulfills its obligation to all its lenders and that is what we will always continue to do. reporter: in february, greece and its lenders had agreed to extend the international bailout program by four months, but the creditors suspended the payment of the remaining 7.2 billion euros, demanding first concrete reform plans from athens. spain has begun to crawl out of its own economic tailspin, including its own eu multibillion-dollar bailout to prop up its banks. the spanish prime minister has a few words of advice for athens. rajoy: we have gradually built up our credibility. if you stand by your commitments, then it will start to pay off. reporter: for spain, the payoff is

job and prosperity with the head of the international international monetary fund, christine christine lagardek president. i follow the money to washington

christine lagarde said that the fed could be in for a bumpy ride if they start raising interest ratese would say that macroeconomic risks have decreased. the global recovery continues. it is moderate and uneven. cory: they have decelerated it over the last six months, but threats to the financial system have risen. shutdown by hackers that claim allegiance to the islamic state. it has been off the air since wednesday night. the islamic state posted on the homepage in french, english, and arabic. france's national cyber protection agency is working to restore operations. an indian court says the founder of computer services sentenced to seven years in prison after being found guilty of india's biggest ever corporate fraud. he admitted to inflating assets by buying about it billion dollars in 2009 that triggered an 80% decline in the share price. it was discovered -- nine others were also found guilty. up next, a wireless world with breakthroughs in wireless charging in technology. and what it means for robots. when bloomberg west continues. ♪ cory: let's do a check of some top headline

the fed has it in minutes and a area of concern is the chinese economy with christine lagarde on the financial times. as someone who is trying to think about what prices might look like, i am intrigued with the possibility of a chinese economic recovery and how different we might be thinking if it unfolds later in the year. jon: we are joined by francine. china is in there. francine: we have a store you can find on the terminal. commodity prices came back terrifying. i will have a one-year look at growth, compared to seven years ago. the growth is not bad. consumption is not doing badly. jon: terrified is a big word. the government is terrified of m &a. francine: the french avenue that -- the french have companies they want under control. this is part of the negotiation and we have a great story saying they are not playing nice. they sold dailymotion to a chinese company. jon: the other big story is wednesday with the ecb. francine: the markets are freaked out. what is going on? there is a hierarchy and a market presence. we have a great story that says the five questions he will be

christine lagarde is notified and she tells her colleagues. there are three or four months before they have to put a public notice out. that does not been the same as defaulted all government bonds and busy the paper on may 12. jonathan: the back and forth. if they fall in arrears, the bottom line they are running out of money, the ecb appears the politicians maintain they have a redline. what do they do? how do they manage politically? vassilis karamanis: i think they're trying to say political phase. they cannot withstand the europe framework. so the administration, they are balancing their way between 4 main forces. creditors and the platform. that the find a way to keep it in the government. they cannot do for much longer. we are running out of time. that is obvious. either an election down the road or a referendum is the solution. there is an opinion poll, positive opinions for the greek government is less than 50%. jonathan: lucy, i was reading through the notes. the cash should you try some of the volatility or go back a little bit? luc

brendan: tom keene is talking to christine lagarde.been talking about this idea of the new normal. guy: brendan greeley will be back in 30 minutes for our u.s. viewers. coming up, we are talking central banks with the black rock vice-chairman and former snb president philipp hildebrand. talking to manus cranny in davos. ♪ guy: welcome back to "the pulse." live on bloomberg television. pakistan's finance minister has told bloomberg that with inflation at a 12 year low, interest rate cuts are now likely. mr. dar: the board meets every two months. i think any sensible thing with to expect a cut at the next meeting. guy: euro star has seen a drop in sales after the attack on "ch charlie hebdo" the company reported growth in business travelers. netflix shares surged by 12% after hours of the back of strong first-quarter results. also responsible for shows such as of the put has a cards -- the service responsible for shows such as "has a cards," sales grew by 24%. i want to take you back to davos and manus cranny. manus: thank you. joining m

guy: what in your mind came out of the meeting with christine lagarde?as an agreement to make the payment to the imf. as a big hurdle for the country to make. do you think there will be a different tone to the examination of the greece economy by imf officials and other officials? what do you think the dividend of that meeting will be? euclid tsakalotos: well, we should see. when you negotiate with your creditors and your institutions negotiations at a various level, political and technical levels. some of the peoples on the technical committee disagree and we visit with them and abrazo groups. we are the same people involved in the previous program. the previous is the baby. i am not saying that in a derogatory way. when you spend four years in a particular program, you get attached and sometimes it is difficult to inc. out-of-the-box and -- link out-of-the-box and incorporate new ideas and see where it failed and where you could do things better. sometimes till soft in a higher political level with -- to solve in a higher political level with other lea

tom: let's go to the debate christine lagarde has at imf meetings. what is the view on how europe is doing? you are interviewing wolfgang schaeuble the german finance minister. jason: it is driven largely by the ecb. it's, you have a situation where you have no choice but to buy riskier assets because you are getting 14 basis points on german bunds. there are good things happening in europe but unfortunately they are happening for the wrong reasons. largely it is because of a weak currency and weaker oil prices not due to structural reforms that would pave the way for capital formation and long-term structural changes. olivia: bring it back to google. this is a big deal. for several years there have been accusations but this is the first time they have been formally charged. the cover story of "financial times." the power to leave the times of up to 10%. brendan: in the past what they have levied is less. tom: more discussion on this. all sorts of stuff going on. don't forget brendan's interview with the finance minister of germany. olivia: we will t

announcer: the international monetary fund and world bank and christine lagarde spoke to the atlantic council about the state of the global economy. she was introduced by the atlantic mr. kempe: good morning. i am fred campkempe. we have no more seats available and some people in our hallway. let me particularly welcome our atlantic council board members. atlantic council members members of the diplomatic corps and public officials, as well as our online and television audience. if i had known how popular your appearance would be, i might have tried to scalp the tickets. it's an even greater pleasure to introduce our speaker, a remarkable leader navigating difficult times and wrestling with a vast array of challenges every day with grace, clarity, and courage, from the european survive to broader issues regarding where the global economy will draw its future strength and sustainability. after the opening comments, a curtain raiser, as we used to call it at the "wall street journal," ahead of next week's i.m.f. meetings i will engage in a conversation also drawing upon audience questio

imf managing director christine lagarde said that they could be in for a bumpy ride as they meet in washingtone world bank. >> overall, we would say macro economic risks have decreased. so the global recovery continues , but it is moderate and uneven. cory: she says the global economic risks have decelerated over the last six months but threat to the world financial system have risen. french tv stations have been shut down by hackers who claim allegiance to islamic state. tv 5 monde has been off the air since wednesday night. a message in support of the islamic state was posted on their homepage in french, english, and arabic. france's national security agency is working with them to restore operations. an indian court sentenced the founder of a computer company to seven years in prison after finding him guilty of india's biggest ever corporate fraud. he admitted to inflating the software company's assets by about a billion dollars in 2009, triggering an 89% decline in the share price. after the scan was discovered nine others including the company's former chief an answer -- financial officer

the dollar is too strong, capex is too weak, christine lagarde's new mediocre.ellen has to get to september or december and miracles will happen. ed hyman is the founder of isi and chart paragraph. this is what janet yellen reads every morning. this is from my childhood. this is classic -- do you still do this with scissors? ed: no, electronic. tom: iconic isi. he cuts out the headlines from the newspapers. how has your business changed in the last 20 years? what is different? given the speed. ed: it is just that. this used to be mailed out, then fax. the difference between male and fax is they are both expensive. then you have e-mail, the internet and electronic, it explodes. brendan: olivia, faxing is a way of sending a document. olivia: glad we are having nostalgia. tom: a fed discussion, are we getting too much information from janet yellen? is there too much information? ed: i don't think so. the markets are trying to slowly approached the fed tightening. and the risk is that when the fed titans once the markets assumes they will go immediately to the termi