i am mark crumpton.-mobile added more than one million new monthly subscribers last quarter, outpacing verizon and tnt. joining me from san francisco, t-mobile ceo john ledger. welcome back to "bloomberg west ." good to see you. john: great to talk to you, mark. mark: t-mobile is not generating meaningful net income. you have booked a net loss in six of the last eight quarters. what is your long-term plan and what changes do you need to make to reach sustained profitability? john: thanks, mark. we are right on track on what we have given as an outline for how this company becomes highly successful, which started with aggressive customer growth which leads to revenue growth ebidta ability, and cash flow. we added 1.8 million customers this quarter, the eight custom -- it quarter in a row over -- a quarter in a row over subscribers. we updated our guidance to have greater growth between 3 million and 3.5 million, and cap from our profitability guidance of ebidta to 6 million. i think our investors have bee

mark: from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line" the intersection of business and economics with a main street restrictive. -- perspective. to our viewers here in the u.s. and to those of you around the world, welcome. we have full coverage of the stocks and stories making headlines today. education reporter janet lohr looks at the rejection rate or admissions to ivy league schools . agriculture reporter alan bjerga detailed the latest crop report and the continuing doubt it -- drought in the state of california. manus cranny is in paris with highlights of his excuses interview with greek finance minister yanis varoufakis. first, let's get right to the top stories we are following this thursday. a number of americans filing for on a plummet benefits is that a 15-year low. claims averaged 282,000 a week

i am mark crumpton in new york.bloomberg businessweek" is breaking together the top designers at the design conference in san francisco. brad stone is at the event all day speaking to leaders in technology and design and he joins us live. read:brad: hi mark. i am here with the creative director of shinola a luxury goods maker located in detroit. before we get to shineola an incredible story, the apple watch. [laughter] we are seeing the watches go out to people. with you guys, the watches are the biggest product category. will watches have a big impact? >> there is room for everybody in the marketplace. brad: i love your ad, a watch that will just tell you the time. daniel: just by looking at it. just smart enough. brad: for people who are not well versed in the actionshinola story tell us why the location of detroit has become such an important part of your marketing message. daniel: the original goal was to make a product in the united states the first product category we were developing was watches, and it was re

i'm mark crumpton from new york. ♪ . . to the most important hour of the session. 60 minutes left until the closing bell. i am alix steel and this is "street smart." both sides debate the timing of sanction relief. another looming deadline for greece, this time to the tune of $500 million. the country says it will pay up, but at what cost? i will be talking silicon valley with my guest host. "street smart" starts now.

mark: from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line." the intersection of business and commerce with a mean streak perspective --mainstreet perspective. to our viewers in the united states and those of you joining us from around the world welcome. let's get you to the top stories we are following this friday. comcast dropped its $45 billion bid for time warner cable. the deal was announced 14 months ago. in the past week opposition from government regulators took shape. executives at both companies concluded the merger would not fly. the founder of a technology consulting firm says regulators are out of touch. >> i think the government is old technology and an old point of view. i think the f.c.c. and d.o.j. have shown there are anachronisms when it comes to dealing with new technology and that kind of progress. mark: on wednesday, officials from the federal communications commission told both companies they were opposed saying the deal did not help consumers. they plan to call an administrative hearing which would have dragged the proce

i am mark crumpton. few moments ago, the federal reserve said the market weekend, and officials will keep interest rates near zero at their next meeting in june or longer. let's get back to our fed meeting roundtable. joining us is diane swonk meg mcclellan and bloomberg news economics editor michael mckee, and standing by is our senior markets correspondent, julie hyman. thank you for joining us. meg, you were talking about the market reaction. you are not seeing much. meg: this was on the back of yields going up in europe and they were shorting europe, so that is what was driving the u.s. treasury market. this seems to be a nonevent from what we are seeing right now. mike: it basically comes down that we needed to have a meeting so we tried to do as little harm as possible. there it is. mark: diane swonk in chicago the gdp grew at an annualized rate at just 2/10 of 1% in the first quarter. is this rather related, or something else going on? diane: the weakness cannot be related to that. we have yet to

i am mark crumpton. thanks for staying with us. begin with the price of crude oil at the close of trading in new york. you see on your screen it is down about 1.3%. for the week, the chart shows crude is up nearly 8% at 5575. staff attorneys at the justice department antitrust division nearing a recommendation to block comcast's bid to buy time warner cable according to people familiar with the matter. attorneys investigating the proposal that would create a nationwide cable giant are leaning against the merger out of concerns consumers would be harmed and could submit their review as soon as next week. the antitrust lawyers will present their findings to the deputy assistant attorney general for antitrust who will decide along with the top officials whether to file a federal lawsuit to block the deal. teva pharmaceuticals is exploring a takeover offer from mylan. it is a potential move that would create a global generic drug giant. teva has not made a formal approach yet though mylan is aware of interest. teva is evaluating the pu

. -- mark: from bloomberg world headquarters in new york, i am mark crumpton. to our viewers in the united states and to those of you joining from around the world, welcome. we have full coverage of the stockton stories making headlines on this monday. janet lauren has the room picture for student loan repayment. commodities reporter su keenan has why commodity reporters are the most bullish on oil in the past eight months. the interview with the energy secretary. first, to the top stories we are following. u.s. dots rebounded from the worst light in three weeks, and there is a rally underway in technology shares. the s&p 500 index down -- it is of nearly a full percent at 2100 . dow jones industrial is up over 1%. the nasdaq composite index rising as well. it is up 1.25% at 49.92. it may be a sign of growing this ration agrees. the greek government has issued a decree that folk -- forces local governments to transfer all cash balances to the central bank. this could raise more than $2 million -- $2 billion that greece could use to pay bill. meantime, friday de

mar ik: am mark crumpton. this is bottom line. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this monday. first, let's get you right to the top stories we're following. the death toll in maple -- inmate paul is growing. hope is fading because it has been more than caught -- more than 48 hours since the quake struck. their government says millions may be homeless. >> landlocked country about 31 million people. a quarter of the population is below the poverty line. this country has struggled for a long time, well before the earthquake a couple days ago pair the biggest sector in nepal 's agriculture, wheat, corn, sugar cane. and tourism is of course very big. mount everest's chief among them. 700 are still stuck at base camp. this is a country that shares a border with china and india. it does a lot of business with both of those countries. more than half of nepal's imports come from india. 45% come from china.

coming up bottom line mark crumpton at the top of the hour. "money clip."w the real work begins. the technical aspects of the deal with iran still have to be tech -- laid out. what it -- what would it mean for the oil and gas industry. great bell year will give us analysis. a day after the cup and cardinals officially open the two thousand 15 major-league's fall season, the rest of the league fees action. run derby will help us get ready for baseball. -- ron darling. cory: we love us some ron darling. from honolulu. great guest. you are looking to get him. thank you very much. coming up, the first commercial communications satellite launched fit years ago today. -- 50 years ago today. ♪ cory: i am cory johnson. the satellite businesses booming. tech companies launching satellites to focus on internet access. tv companies launching satellites to focus on tv. launching by satellites to focus on us. an entire business did 50 years ago today when the first commercial communications satellite was launched called earlybird. six degrees above the equator. opening

mark crumpton is up next? mark: the federal reserve bank of new york says it is worse.at recession gets most of the blame, crating a nonvirtual cycle of students being unable to pay back loans because they could not find jobs. just one third of borrowers are current on loans. bloomberg's higher education reporter janet based on the numbers and tells us why the fed analysis differs from that of the education department. i will see you on top of the hour. back to you in san francisco. cory: thank you. the payroll start up is taking the clout to a new place and taking on rivals. we will talk to the ceo off the back of the $16 million funding round coming up just next. ♪ cory: at least one business is needed by every residence in the world. payroll. people have got to get paid. one startup thinks it will grab a big chunk of the market. $60 million by smart investors. capital ceo explained to me the strategy. >> every business in america and every business in the world is connected to this market. if we look at companies like adp, for example they have market caps of over $6

mark crumpton joins me from new york.nvestor fears of a greek debt default caused the country's bond yields to surge after reports that greek officials told creditors earlier this month that they might run out of money and miss a repayment to the international monetary fund. imf managing director christine lagarde spoke to bloomberg today. we will 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

mark: from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line" the intersection of business and main street with an exclusive perspective. ♪ to our viewers here in the united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this thursday. our commodities reporter su keenan, follows the rising price of crude oil after saudi arabia renewed airstrikes in yemen. heater cook has details on u.s. counterterrorism operations. -- peter cook has details on u.s. counterterrorism operations that killed an american being held hostage. peter: president obama says he takes full responsibility that accidentally killed two american al qaeda hostages, one an american. he had been held by al qaeda since 2011. the other, an italian held since 2011. -- since 2012. what we learned today from the white house is a u.s. intelligence official said that this compound along the afghanistan border did campaign -- contain al qaeda terrace and was targeted because of

i'm mark crumpton in for emily chang.the top headlines -- the cost to rebuild nepal after that devastating earthquake will be greater than $10 billion. that word comes from the country's finance minister who says the government is still focused on rescue efforts. thousands may still be trapped more than three days after the quake. the death toll is more than 4300. the prime minister of greece says votes may ultimately decide whether to approve an agreement with greece's creditors which remains in limbo. here is the prime minister talking about his pledge to roll back austerity. prime minister tsipras: this mandate creates limitations for me. if i have an agreement that puts me outside, i will have no other resort. that people will decide. i want to make that clear. mark: he also lashed out of the european central bank and the eurogroup, accusing them of treating greece unfairly and breaking promises. consumer confidence in the u.s. posted a surprise drop in april, falling to the lowest level in four months, according to t

coming up "bottom line" with mark crumpton. what have you got for us today?ome senior democrats have concerns the white house is trying to allay feels -- fears. how will these pacific rim trade deal that could, if completed create a free trade zone in the age of the region question mark corey bowles will give us his analysis and i will see you at the top of the hour. back to you in san francisco. emily: thank you. coming up, the documentary making waves at the film festival that sheds light on tech's lack of gender diversity. ♪ emily: welcome back. i'm emily chang. there is a serious problem in technology right now when it comes to filling future engineering jobs. a new documentary that made its debut at the phil kessel this week, debugging the gender gap, seeks to shed light on this very issue. >> students have no exposure to programming. >> computer science should be a requirement in all public schools. this is a rosy the riveter moment. jobs are here and we do not have workers to fill them. emily: will the film get the attention of tech giants to help get

"bottom line" with mark crumpton is with us at the bottom of the hour. president obama is in panama city attending the summit of the americas. the highlight of the trip is an expected face-to-face meeting with cumin president raul castro. will the meeting for the ease relations between washington and havana? relations that have been strained for over half a century. rene hernandez is covering the summit for us. i will speak to ted cohen of brookings about what is at stake as the regional leaders meet. back to you. cory: thank you. coming up, the secret sauce behind dreaming music -- streaming music. ♪ cory: i'm cory johnson. this is "bloomberg west." spotify, serious, milk music, they are all streaming music, but streaming the music themselves is up to a service that delivers them from the cloud. phil good to see you. i'm so fascinated by your business. we met in las vegas last year. how do you describe what you do? >> thank you for having me back. we spend the last eight or nine years going all over the world ingesting high resolution audio from all of

we are just a few minutes away from "bottom line," with mark crumpton.ark joining us with a preview. mark: emily, thank you. economic investment group is a think tank. they're looking for bipartisan solutions in a very partisan atmosphere in washington. they are out with their first report today, its first white paper on the state of the u.s. economy. the findings indicate that for all of the headlines showing economic strength, there is still a lot to do in terms of generating highways jobs and helping distressed communities get back on their feet. the chairman is a former federal reserve economist, and mitt romney's economic policy adviser during the 2012 economic campaign. he will join me when i see with the top of the hour. emily, back to you in san francisco. emily: mark, thank you. coming up, the challenges of developing for apple watch. how the early developers had to start from scratch. ♪ emily: "bloomberg west," this is "bloomberg west," -- this is "bloomberg west," i'm emily chang. companies like target and american airlines have had access to

i'm mark crumpton. let's get you to some of the top stories we are following on this wednesday. let's begin with a check of price -- the price of crude. it's down about 6.5% today. and the oil glut keeps getting bigger. crude oil stockpiles grew by almost 11 million barrels last week, more than three times the average estimate. a generic drugmaker has offered to buy a pair ago -- perigo. that represents a 25% premium over tuesday's closing price. that would add to a record time of consolidation in the pharmasset goal industry. last year, they acquired abbott laboratories in their non-u.s. locations as part of a plan to move its tax address to the netherlands. it is the biggest deal in the oil and gas industry in at least a decade -- royal dutch shell will buy bg group for $70 billion in cash and stocks. that represents a premium of 50% on their closing price yesterday. the shell ceo told bloomberg that the deal is a bargain. >> the way we would look at it is if you look at the combination of the two companies, what we can do with the fantastic assets bg has with our capabilities

. ♪ mar ik: am mark crumpton. this is bottom line.he united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this monday. first, let's get you right to the top stories we're following. the death toll in maple -- inmate paul is growing.

. -- world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks in stories making headlines on this tuesday. su keenan has details on u.s. oil production growth. laura reports on the $74 million stock award. peter cook brings you the senate hearing on the potential congressional role in the iran nuclear deal. first, let's get you to the top stories we are following. a good day for jpmorgan shareholders. profit climbed 12% in the first quarter, beating analyst estimates. an increase in trading revenue the first time since 2010. higher volatility helped drive the quarter. investment banking fees also saw a double-digit increase. good news for wells fargo. it beat analyst estimates thanks to lower interest rates. that encouraged more barbers to buy homes or refinance debt. wells fargo was the nation's largest home lender and most valuable u.s. tank. the imf says the stronger dollars helping japan and the euro area but tak

mark: from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line."ction of business and commerce with a mean streak perspective --mainstreet perspective. to our viewers in the united states and those of you joining us from around the world welcome. let's get you to the top stories we are following this friday. comcast dropped its $45 billion bid for time warner cable. the deal was announced 14 months ago. in the past week opposition from government regulators took shape.

mark: from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line" the intersection of business and economics with a main street perspective. to our viewers in the united states and to those of you joining us around the world, welcome. full coverage of the stocks and stories making headlines. soaring inflation and declining currencies in venezuela. saudi arabia's highest increase in crude oil production in 30 years. let's get you to the top stories . goldman sachs reported its highest earnings-per-share in more than five years. all of goldberg's major businesses beat estimates. the firm paid a smaller portion of revenue in compensation. citigroup also beat estimates first quarter net income rose 21%. citi helped offset trading present it with a 10% drop in expenses. etsy shares doubled in early trading after pricing at the high end of the range, a ranged -- a raised $267 million in its ipo. party city went public, shares opened 20% as private equity owners did not sell any stock in the ipo. trading is underway from virtu financi

am mark"crumpton. getting it to the top stories we are following on this monday, april 13.rice of crude oil, crude is up about half a percent at this hour trading at it do 1.92. in sports, jordan spieth's tournament win brought the ball up and viewership. the 21-year-old tied tiger woods record for the lowest score in masters history. beating phil mickelson by four shots. he won 1.8 million dollars and the ceremonial green jacket. now there is talk he could take another -- take home another 10 million per year in endorsements. shares of under armour are up today after the record-tying victory in the masters by the golfer it monsters. jordan spieth was a walking billboard for under armour. he recently signed a long-term contract with the sporting company. coca-cola is going all in for american soccer. they signed a four-year sponsorship deal with u.s. national soccer teams. coke already sponsors the sports international governing body. major league soccer had been sponsored by pepsi from us two decades. executives at pepsi made the not suffering any loss of sleep over this d

emily: there you have sam grobart. " bottom line" coming up at the top of the hour with mark crumptonp."mark: at the top of the hour talking presidential politics 26 team. today marco rubio expected to formally announce his candidacy. yesterday was hillary clinton's turn. what is the business going to be looking for from these candidates and the rest of the field going into next year? also, what are their economic platforms like? is hillary clinton's form let's like we -- what we've seen in the past seven years? is there still blowback from the decision to force for marco rubio? a look at those questions and more with douglas holt aiken president of american action forum and he will join me coming up in a few minutes. welcome back. emily: thank you. up next four episodes from the latest season of " game of thrones" has been the. ♪ emily: welcome back to bloomberg "west." i am emily chang. cory johnson here with us. cory: 3,173000 174 times the game of thrones was eagerly -- illegally downloaded over the weekend through 8:00 this morning. a couple of companies that mr. this and found t

mark: i am mark crumpton and this is "bottom line." to our viewers here in the united states and those of you joining us around the world come welcome. full coverage of stocks and stories making headlines this wednesday. latin america reports looking at venezuela's lockout of data and what it means for bond investors. agriculture reporter alan monitors a u.s. supreme court case involving the marketing of raisins. our chief washington correspondent peter cook has the latest on the justice department meeting with comcast and time warner cable on the proposed merger. those stories are in a moment. let's first get you right to the top stories we are following in the hour. accused of playing a role in the 2010 flash crash $7.5 million bail. ordered to live at his parents house. he cannot use the internet or a phone with internet access. his parents must pay a fine and will surrender their passports. he is charged with helping some of the dow jones industrial average wild 1000 point dive on may 6 of 2010. ryan has this report from outside th

mark: from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers here in the united states and those it be joining us from around the world, welcome. we have a full coverage of the stocks and stories making headlines on this friday. shannon tells us how psychiatrists are failing the patients who need them the most. special coverage of california's hydroelectric plants. peter cook previous president obama's face-to-face meeting with role castro -- raul castro. hillary clinton will make it official on sunday. she is running or president. a person familiar with the matter says mrs. clinton will make the announcement on video before heading to iowa and new hampshire. it does not look like she will face many competitors in the democratic primary which begins in february. jeffrey is still in favor of raising interest rates in june. recent soft figures on the economy will probably only be temporary. fed policymakers were split on when to start raising rates. that was before the weakest jobs report in a year came out last week. ge is selling

"bottom line" coming up at the top of the hour, with mark crumpton in new york.ave missed you. mark: we are going to be talking presidential politics 2016. today florida republican senator marco rubio is expected to formally announce his candidacy. yesterday, it was democrat hillary clinton's turn. what is big business going be looking for from these candidates, and for the rest of the field, going into next year? also, what are their economic platforms like? is mrs. clinton's platform an extension of what we have seen the last seven years from president obama? as far as marco rubio is concerned, is there still blowback from the decision to kind of force forward the immigration overhaul package? we are going to take a look at those questions and more. we speak with the president of american action for in a few minutes. welcome back in san francisco. emily: we will see you soon. up next, four episodes from the latest season of "game of thrones" have been leaked. how much is piracy really hurting hbo? that is coming up next. ♪ emily: welcome back. i'm emily chang.

i am mark crumpton reporting from new york. thank you for joining us.tomorrow. ♪ >> it is 56 that the hour, and that means bloomberg television is on the market. just over an hour to go in u.s. trading stocks are writing for third day on the back of u.s. field. waiting on the art of earnings season tomorrow. the euro resumes weakness with the selloff last week overdone. oil everything the oil -- earlier drop. speculation of decline in production. returning to equities are a moment, energy companies have led the way higher the past three days. the biggest slacker trying to gain momentum. look at this writer etf that track the energy sector, up more percent. what is the best way to play it as we head into the art of earnings he said gekko joining me is mike murphy, ceo and managing partner at lowe's click capital. energy shares get beat up when energy prices rise. analysts looking for prices to plunge at least 50%. is that christ in already?-- priced in already? >> i think it is. we know that a lot of numbers came dumping as of the dollar and the lower pr

i'm mark crumpton. they can for staying with us. -- thank you for staying with us.see on your screen, in new york, crude finishing up the day 5.5%. factory output in the united states early climbed in march. automakers rebounded but other industries w retreated. cheap oil has led energy companies to cut back operations . lower fuel costs have delta airlines flying high. delta posted first-quarter earnings that beat estimates. the airline is forecasting it will save more than $2 billion this year because of the collapse in oil prices. delta plans to reduce international capacity next winter because the strong dollar has heard overseas sales. the boston celtics will play the milwaukee bucks tonight as both teams close out the regular nba season and had to the playoffs. rich gotham is president of the boston celtics and joins be now from boston. it is good to see you again. rich: nice to be with you again. mark: does making this year's playoff appearance make it even more rewarding? rich: i think it does. we have known since we traded pierce and garnett that we were in

. ♪ mark: from bloomberg world headquarters in new york, i'm mark crumpton.om line" the intersection of business and economics with a main street restrictive. -- perspective. to our viewers here in the u.s. and to those of you around the world, welcome. we have full coverage of the stocks and stories making headlines today. education reporter janet lohr looks at the rejection rate or admissions to ivy league schools . agriculture reporter alan bjerga detailed the latest crop report and the continuing doubt it

. ♪ mark: from bloomberg world headquarters in new york, i am mark crumpton.ine" the intersection of business and main street with an exclusive perspective. ♪ to our viewers here in the united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this thursday. our commodities reporter su keenan, follows the rising price of crude oil after saudi arabia renewed airstrikes in yemen.

mark crumpton joins us from new york with a preview. rand paul makes it official, he's running for president. he made -- wasted little time criticizing the establishment and both parties for the frustration felt by voters. john hyland will join me with analysis. the summer of the americas gets underway this week in panama city. at the top of the u.s. agenda a meeting between president obama and growl castro. the two countries laid the groundwork in december to reestablish diplomatic relations after 50 years of hostilities. carlos gutierrez discusses what is at stake for washington and havana and the region. back to you in san francisco. brad: thank you. the former group on ceo, andrew mason, is next. ♪ brad: this is "bloomberg west." i'm brad stone. andrew mason's trading coupons to become a tour guide of sort. providing tours of cities based on your location. thank you for joining us. we were getting assaulted from above by seagulls last time we saw each other. andrew: i knew you would bring that up. nothing funnier. brad: that was wha

"bottom line" with mark crumpton coming up at the bottom of the hour.new york with a preview. mark: the federal reserve's open market committee releases its latest policy decision at 2:00 p.m. washington time. investors are looking for clues on what the fed will raise interest rates with policy all but having ruled out an increase at this meeting. our pre-and post round table includes diane's walk --includes tony chris enzi of pimco. i will see you at 1:56 just before the fed's announcement. cory: "bloomberg west" will be right back. ♪ cory: this is cory johnson. this is "bloomberg west." hollywood designs people and places that do not exist. this is the daily task for a london-based firm that counts "guardians" as one of its designs. check this out. >> we make emotional experiences. visual effects in the past has been making things look real that don't exist. if you can't film something, we put it in the computer. it has gone further than this and it's more about creating emotional memories for people that they will keep with them hopefully for their l

. -- world headquarters in new york, i'm mark crumpton. this is "bottom line."ewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks in stories making headlines on this tuesday. su keenan has details on u.s. oil production growth. laura reports on the $74 million stock award.

mark: from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." the intersection of business and economics with a main street perspective. to our viewers in united states and those joining us from around the world, welcome. bloomberg west editor at large cory johnson is live in san francisco for the rsa conference on cyber security. peter cook is on capitol hill with arguments on both side of president obama's fast-track trade authority. in julie hyman and keri geiger are here at the developing story on the arrest in the 2010 equity market flash crash. julie, we begin with you. what do we know so far? julie: it's pretty remarkable. the flash crash is fresh in people's mind, but it's amazing that nearly five years later there has now been arrest of the single individual who, the commodities future trading commission say significantly contributed to that flash crash the plunge that we saw in u.s. markets. his name is navinder sarao he has been charged with unlawfully manipulating, intending to manipulate, and spoofing, especially the s&p e-mini's co

. ♪ mark: from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line."ction of business and economics with a main street perspective. to our viewers in united states and those joining us from around the world, welcome. bloomberg west editor at large cory johnson is live in san francisco for the rsa conference on cyber security. peter

. >> from bloomberg world headquarters in new york, i am mark crumpton.bottom line," the intersection of economics and business with a main street perspective. we have full coverage of the stocks making headlines today. we look at how ceos are taking a stand on political and social issues. we begin with peter cook. he is at the white house with more on the obama administr

. >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of economics and business with a main street perspective. we have full coverage of the stocks making headlines today. we look at how ceos are taking a stand on political and social issues. we begin with peter cook. he is at the white house with more on the obama administration's reaction to the agreement that was reached on the outline for a nuclear deal with iran. peter, good afternoon. peter: good afternoon. we will hear from the president in about 15 minutes and get his reaction to this landmark agreement between united eggs the european union, the p5 plus one -- the united states, the european union the p5 plus one nations. this deal will allow negotiators to fill in the details between now and july 1. it will be in exchange for an easing of sanctions on iran. what we heard is the negotiations went into extra time in switzerland. some of the details that have emerged -- iran will have to reduce the number of centrifuges it has down to about