and i am david gura. it is time for massive change in brazil and the president is on the verge of impeachment. david: and countries are going accord ine climate paris. we look at the impact of climate change. julie hyman has the latest. julie? julie: we get closer to the close on this friday. investors are still weighing a lot of it news and the dow has turned higher at this point despite eight -- despite a tough as caterpillar, general electric, microsoft. the nasdaq is taking the biggest tumble of the three major averages. it looks like energy is the best major group at this point. because of financials as well, this is pulling stocks back up. you look at what is going on with energy, oil prices are up by nearly 2%. southwestern energy, one of the energynergies -- companies to report its stock, has gone up. within the financials, we have also had earning it news, and that includes suntrust and eat tree financial as well, 3.5% -- e-tree financial at 3.5%. david: all right, some gains, but what about the t

i'm david gura. carol: and i'm carol massar. w herbalife has helped well-known athletes. david: here is reporter matt townsend. >> any company trying to create a brand and sell products, the -- they have associated themselves with high-profile people, and that has basically got an associated with people and david beckham and one of public figures like former secretary of state madeleine albright. again, this is what they do. it is associated with another brand, a person you think would be attractive to your customers. david: you mentioned soccer? reporter: yes. herbalife has a big presence into latin america and further into asia. what is the most popular sport in all these places? soccer, by far, especially in south america. carol: the logo is on the jerseys, so they are front and center. reporter: yes, and a big deal was with the la galaxy. in the got david beckham, who was really, really popular. he was the most popular person in soccer, and he was wearing the jersey. who is driving the brand? reporter: it is the ceo, michael

i'm david gura. carol: and i'm carol massar. t how herbalife has helped well-known athletes. david: here is reporter matt townsend. >> any company trying to create a brand and sell products, the associate themselves with high-profile people. got ans basically associated with people and david beckham and one of public figures light or secretary of --te madeleine albright public figures like secretary of former secretary of state madeleine albright. david: you mentioned soccer? presenceife has a big into latin america and further into asia. what is the most popular sport in all these places? david: soccer. >> by far. those are places where herbalife has seen a lot of growth. is on the logo jerseys, so they are front and center. the lag deal was with galaxy. in the got david beckham, who was really, really popular. he was the most popular person in soccer wearing an herbalife shirt when he was on the galaxy. david: who is driving this branding shattered? >> the ceo, michael johnson. he came in the middle of the last decade from disn

david gura has more. david: in japan, a powerful earthquake struck japan.nami.s on a one person was driving home when the quake was struck. an aftershock measuring 5.7 struck 40 minutes later. u.s. officials say russia and fighter jets came very close to a navy destroyer in the baltic sea. the maneuvers were unprofessional's. russian officials dismissed those complaints. in a rare move, american ships have started conducting joint patrols with the philippines in the south china sea. ashton carter says nearly 300 troops are with combat aircraft and helicopters remain in the philippines to the end of the toth part of a buildup inflame tensions with beijing in the south china sea. belton prosecutor says a judge has ordered mohamed abrini and five others be ordered -- be held for another month. abrini, the man in the hat, leaving the brussels airport the morning that suicide bombers detonated suitcases killing 16. president vladimir putin says russia posse economy will be starting to grow next year. leader use the rampy televised event to up his image. global n

i'm david gura. carol: i'm carol massar. orter. >> the pro-videogame circuit has been dominated by a couple of big games. one game is counterstrike, which will be the subject of turner's new sports league, that will be the first entry into making television. david: what is it? [laughter] david: counterstrike global initiative. >> there are two taints. -- there are two teams. by the standards, it is easy to understand, there are two teams, a terrorist team and a counter insurgent team. you try to get rid of the other team's layers. it is very popular. it is one of the main gains that is used in these tournaments. carol: they have virtual weapons that has created a secondary market. there is a lot of gambling going on as well, right? >> the particular type of gambling the goes on is interesting because they use virtual weapons that you could win in a game but could also buy through websites. those are essentially used as kind of like poker chips. so on these websites, you could say, i think team a is going to win. it all seems

david: i am david gura. carol: someone designed a special project in iraq. david: the san francisco upgrades. carol: it is all ahead on bloomberg businessweek. david: let's go meet the editor. ♪ david: we are here with alan pollack, the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought is this -- businessweek in 2009, we read and since then design has been part of what we , do. our writers and editors work very closely with our artists and art photography editors, -- our photography editors and it drives the way we tell stories. we tell them graphically, through photography and we all work together, and design kind of moves us. a few years ago we started doing these special issues and we did design conferences which starts on april 11 in san francisco and many of the speakers are featured in the special. carol: is there a theme you kind of think about? ellen: not really. we are try to talk about all different kinds of design. we have graphic artist, architects, and sometimes a them

i'm david gura. carol: and i'm carol massar. still ahead, why minor-league ballparks are really a good idea for small towns. carol: and how amazon developed its hit, the echo. david: and how to vacation like a king on a diamond. carol: it's all ahead on "bloomberg businessweek." ♪ david: i'm here with ellen pollock, the editor of "bloomberg businessweek." so many must-read stories in this issue. let's start about the opening remarks about alexander hamilton , he's going to keep alley dinner hamilton on the $10 bill. this is an historical figure who is been really lionized in popular culture over the last year or so. our economic correspondent peter coy takes alexander hamilton off of the broadway stage and actually talks about his economic policies. it is contribution to economic thought in the u.s., and how it's had an impact even today. one of the things he did was sort of question laissez-faire attitudes of adam smith and really stressed that the government needed to be able to tax. and that the government needed to spend mon

betty: [laughter] let's check in with david gura. david: more than 100 refugees engaged in macedonian police along the country's border with greece. they fired tear gas and rubber bullets at the protesters. no injuries reported and no arrests. the violence stopped but toward the border fence plan between the presidents from [indiscernible] people often living in the camps for weeks. macedonia close their borders to refugees. a possible influx of refugees from libya. italy and malta may need u.s. support to cut. nearly half a million people have been uprooted to establish a presence among the mediterranean sea. tax officials are meeting in paris to discuss the fallout from the mass leak of offshore panama, and from the penama disclosures have shaken the rich and powerful by disclosing how they use networks of shell companies to dodge financial obligations. a few details were released but the meeting was close to the media. syrians are voting today in parliamentary elections. some 3500 candidates are fine for the seats. opposition group

i'm david gura. carol: and i'm carol massar. week's market and finance section, a look at credit card turners. david: these are people who squeeze credit card companies for free stuff. >> turning is the process of opening up several new greg hardy for the sign on bonus, and then moving on to another set of credit cards. people and up with 20, 30, 40 credit cards. intensive.e you need to be very organized, you need to be -- you need to have a high credit score to begin with. if you do this wrong, your credit can be complete with destroyed. carol: you can't spend a look what you have access to, or you get into trouble. >> in you to meet the minimum spending requirements to get the sign-up bonus, but don't go any further. carol: we are talking about mileage and stuff like that. >> hotel, travel perks, airlines. there are a ton of new credit cards that come out that are trying to get loyal customers. even small airlines have their own cards. david: are banks encouraging this? what about the people that are getting 20 credit cards? >>

. -- with david gura, rather. david: secretary of state john kerry is in japan. seven decades after the u.s. used the atomic bomb for the first time in history, killing 45,000 japanese. with other four ministers of the group of seven industrialized nations. president obama will meet with janet yellen today, the agenda being the long-term economic outlook. the meeting will focus on the state of the american and global economies. vice president joe biden will also attend. 15 former american bar association presidents are presidente push for obama's up in court nominee, merrick garland. republicans say they have no plans to move forward on garland's nomination. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am david gura. john? alcoa is kicking off earnings season today, and also reporting this week, the big banks -- jpmorgan, wells fargo, and citi. bracing fore what they think will be the biggest investing slump. matt: this is an s&p reported index,s share, average gains or losses. the zero is the red line.

david: i am david gura. let's go meet the editor. ♪ david: we are with the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought us this week in 2009, we read that the magazine and design has been part of what we do. our writers and editors work closely with our artists and art photography editors and it drives the way we tell stories. we tell them graphically, through photography and we all work together and design what moves us. we started doing special issues and we did design conferences which starts on april 11 in san francisco and many of the speakers are featured in the special. carol: are there a few that you think about? ellen: not really. we try to talk about all designs. we have graphic artist, architects, and sometimes a scene emerges. in this issue, it emerges that all the designers were talking about how to solve problems and improve your business and life, so that kind of organically became the theme. carol: you cover ev

let's check in with david gura with the latest from our newsroom. ministers from the group of seven industrialized nations are meeting to call or nuclear disarmament. also on the agenda is terrorism. all the g-7 nations remain absolutely steadfast and united in their commitment. i would call it a resolute commitment, strong commitment, to degrade and destroy daesh through our global coalition and are each committed to using the tools available to us in order to confront this scourge. david: meanwhile, secretary kerry visited the memorial of the hiroshima bombings. him the mostes senior american official to travel to hiroshima. the international furor over the panama papers is entering its second week as david cameron faces criticism about offshore tax havens. malta's government is facing a no-confidence vote. the u.s. naval officer charged with spying for china has been identified in multiple media reports as lieutenant commander edward lin. appointed to the navy reconnaissance group. he has been charged with five counts of espionage. 15 former bar

david gura has more from the newsroom. one of the top countries in the world when it comes to cyber attacks is south korea. general brooks testified and said when it comes to conventional weapons, north korea's arsenal is outdated. the death toll toll from a taliban attack in kabul rose sharply last night. two investigative teams have been appointed to investigate the attack, which targeted an agency that provides protection to high-ranking government officials. criminal charges will be filed against three people in the flight, michigan, tainted water case. two regulators and a point employee will be charged. they used improperly treated water. support for legalizing marijuana is at an all-time high. the drug.t legalizing 51% say they have tried pot, and 81% favor medical marijuana, saying it should be available to people with series illnesses. health organization says eight out of 10 counties in have the dirtiest air. i am david gura. betty: time to get you caught up on the action around the world. i want to start in asia

other crossover, david gura.a week away, and hillary clinton and bernie sanders will return to the debate stage once again tonight. it is a curse opportunity by both caps, clinton trying to cap a seven state losing streak and sanders trying to make up delegates. the secretary of state is ahead by 10 points. louisiana's government issues and exhibitor order banning government this termination based on -- and executive order banning from indiscrimination taste on actual orientation. areiams-sonoma and others asking tennessee lawmakers to reject transgender bathroom bills. an unforgettable night in the basketball association, golden state warriors begin the first team in league history to win 73 games to beat the memphis grizzlies. this is 46 points, warriors and sippers at 72, the plateau et two decades ago by the chicago bulls. game,ryant laid his final the finale of his 20 year career. power by 2400 journalists around the world, i am david gura. and so it is phenomenal, much sports. for the managing markets. we a

david gura has more. david: the meeting lasted one hour and 10 minutes.s scheduled to meet with a republican from tennessee and alaska. she later changed her mind. texas senator ted cruz's neck and that with hillary clinton a matchup among married women who are likely general election voters, according to an online poll conducted by purple strategies for bloomberg politics. against donald trump, clinton him 43%. today is equal payday, it marks how far into the year women must work to catch up to men's earnings from previous year. president obama is going to designate the house that serves as the headquarters for the national women's party as a national monument. it protects one of the oldest standing houses in the u.s. capitol. deutsche bank said today it's free -- freezing plans to create a north carolina location, due to a state law that limits antidiscrimination policies for lesbians, gay, and treasured her people. it retains people in the software development facility. global news, 24 hours a day, powered by 2400 journalists in more than 150 news bure

i'm david gura. tracy: i'm tracy alloway. david: the u.k. economy loses steam. the slowdown? tracy: the electric car industry gets a boost in germany. how the government is propping up sales and what is the benefit to consumers. david: in china, what is the likelihood that the country's debt bubble bursts? britain, the u.k. economy lost momentum in the first quarter as services had their weakest growth in almost a year. growth slowed to 4/10 of 1%. that matched the weakest reading from 2012. gdp rose 2.1% from a year ago. has become the latest international group to warn the u.k. not to leave the european union. the organization said a brexit would lead to a 3% drop in gdp as well as higher restrictions on labor mobility. in germany, the government has reached a 1.4 billion dollars deal with automakers in boosting sluggish sales of electric cars. electric vehicles will get up to $4500 in rebates. the auto industry and german government will split the cost. china's economy has stabilized, but that does not mean a hard lining has been avoided. some concern sparked

. >> this is "bloomberg markets" i'm david gura. bloombergnow for the business splash. ofsachusetts charged a unit state for violating security act. states rebilled customer for secure electronic messages that concealed markup. >> volkswagen is reached deal u.s. authorities. the compensation could be $5000 customer. the automaker admitted it illegal software to cheat emission test. $200,000 tor paid tesla model suv's. buy cars made by andetitors for road testing tear downs and how they're put together. your bloomberg business flash update. only story in politics, donald trump and hillary clinton won their new york presidential primaries tuesday allowing the re--ront runners to reassert control. >> both candidates post wins. look.take a >> we don't have much of a race anymore. oned on what i'm seeing television. senator cruz is just about eliminated.ly again,y, you proved once there's no place like home. does this mean for the path to the nomination. next week's primaries and other states.t johnng us now is heilemann. going forward. is ted cruz mathematically as the next

i am david gura. carol: i am carol massar. got a peek inside of burke's world. >> you would have seen his work in harlem, the museum of arts and design, but if you are interested in buying his work, you could see it in showrooms and any really, really high-end european company that probably has his designs. david: what do they look like? >> these are described as ebullient. because they have these wild and kinetic designs. some of his iconic lamps are kind of woven and a colorful cast of it that mirrors baskets you would see in senegal. for his european travel chair, and usually cost more than $14,000 and you see it kind of woven with plastic fibers. in a kind of hood. it is really quite strange and original. it draws on a lot of his cultural influences. david: if the content with having that audience of people buying his work? would he like to go more mainstream? >> he is actively looking for a business partner and he is very, very concerned of the idea that could design is designed at the us like it has a personality, a soul

mark: the nato secretary-general talking with bloomberg's david gura.g up in battle of the charts, i face of with joe weisenthal, taking a look at the yen today. ♪ betty: now it's time for the bloomberg business flash, we look at some of the biggest news stories right now. the controversy over the panama papers and offshore tax havens has spread to canada. the world bank of canada says it has been this -- been investigating the bank's role in the manager. document suggested a number of politicians and celebrities use offshore accounts to hide their fortunes. thousands of doctors in the u.k. have gone on a strike. the doctors object to language in a new contract with the government having to do with extra pay for working weekends. as many as 1200 jobs may be cut. er has said it wants to steer customers to online banking, which is more popular than having branches. hillary clinton is speaking live right now in philadelphia. this is after being defeated in wisconsin last night by bernie sanders. she's going to be in the northeast, rallying in her campaign.

i'm david gura. >> alcoa kicks off earnings season. investors are bracing for the start what forecasted to be biggest earnings slump since the financial crisis. >> some are optimistic. oppenheimer allocated 60% of their funding. with us to explain. i enjoyed reading your notice john. you say this is a commentator patient. you say that the market has been analogizeed. where are we now? >> right now what i think, we'll be trying to patience is the thing. worry and worry. >> patience and worry, worry. yet, you got 60% invested in equities. >> i hope so. >> how does that compare to how it has been in recent months? >> actually, not so bad. if you go on a year to date basis, defense outperforms cyclical. if you look at it from the bottom on february 11th, through today. it's been a better market to be exposed to equities. and a better market to be cyclically positioned. looking for the economy to come back, we're not looking for anything to continue. not expecting or looking for a recession. in particular with the u.s. sustainable economic

. -- i am david gura. editor. ♪ we are with the editor of "bloomberg businessweek." you have a double issue focused on design. how did this come about? >> when bloomberg bought is this week in 2009, we read that

david: i'm david gura. carol: and i'm carol massar. we are inside headquarters. e at amazon. carol: it is all ahead on "bloomberg businessweek." ♪ carol: we are here with "bloomberg businessweek's ellen pollock. dealing with the internal borders. : itn

i'm david gura. >> i'm lisa abramowicz. mark crumpton has more from the newsroom. ash carter testified today before the senate armed services committee. the hearing dealt with mideast strategy id obama administration's efforts to counter islamic state. >> cyber operations in syria and iraq and my feeling about that was and is very direct, which is that we are bombing them and we are going to take out their internet and so forth as well. the modern world that is necessary to defeat an enemy. peace talks in syria appeared to have stalled. the united nations special envoy wants the u.s. and russia to revitalize a cease-fire that is all but collapsed. ended twol envoy weeks of negotiations without setting a deadline for them to resume. a senior u.s. official sends 16 military personnel including a general officer have been disciplined for mistakes leading to the bombing of a civilian hospital in afghanistan last year. members received administrative punishments and no criminal charges were filed in connection with the u.s. airstrike in the northern city. 42 people were

anna: the chief economist spoke saidoomberg's david gura, he is supporting negative rates. negativenow, we see rates supporting aggregate.demand supporting expectations of deflation at bay. so for us, that is a big positive. manus: he also told bloomberg of the u.s. federal reserve was decisionmaking this on a data dependency basis. yesterday, the fed president echoed janet yellen's call for a slower approach. but it was richmond who argued in favor of a tightening. >> my own view is that the medium-term u.s. outlook is not change materially since december. if anything, inflation seems to be turning to our 2% goal some much more rapidly than we anticipated. as result my sense is that the less leisure leap, was still gradual rates they submitted at year-end, strikes me as more likely to be appropriate. anna: let's bring our first guest of the morning, patrick armstrong, managing partner. joins us on set this morning. good morning to you. let us start with the big picture. the imf downgrading the global outlook, many bad news stories ahead of all of these washington spring me

and i am david gura. massive change in brazil and the president is on the verge of impeachment. david: and countries are going accord ine climate paris. we look at the impact of climate change. julie hyman has the latest. julie? julie: we get closer to the close on this friday. investors are still weighing