coming up, who will stand druckenmiller -- who will stan druckenmiller back in the 2016 elections? ♪ mark: welcome back. a tense moment at today's ecb press conference in frankfurt, germany. a protester jumped up onto a table where president mario draghi was speaking. demanded an end to what she called the ecb dictatorship. the woman was taken into custody. after a short break, mr. draghi resumed speaking. interest rates, unchanged. aaron hernandez has been sentenced to life in prison with the parole following his conviction today of first-degree murder. a jury in massachusetts found hernandez guilty in the shooting death of odin lloyd who was dating the sister of hernandez's fiance. the conviction will be automatically appealed to the state's highest court. hernandez was selected by the patriots in the fourth round of the 2010 nfl draft. coming up stephanie ruhle's exclusive interview with stand druckenmiller and his take -- with stan druckenmiller. the president with the boston -- the president of the boston celtics. at 2:45 the spring housing outlook. stay with us. ♪ mark: stan

he will be telling us -- more withstand druckenmiller -- with stan druckenmiller.son talks about wall street. ♪ stephanie: welcome back to "market makers." stan druckenmiller is sounding the alarm on the fed's zero interest rate policy. he thinks the fed needs to raise interest rates now. he thinks they should have done it a year ago. stan has been criticized by paul krugman for talking his book and fear mongering. i spoke with stan and asked how he responds to that. stan: i would never say anything negative. stephanie: you said a lot of negative things. stan: i said the risk of going too late, because i think long-term are higher than the risk of going to early. in terms of talking my book, i would say this. markets have been very accommodating the last several years. luckily, we have taken full advantage. stephanie: what is that mean accommodating to your style of investing? stan: there has been a bull market in a lot of equity markets. it is been conducive to making money. to some extent, it has been rejuvenating because it felt like the old days. the other thin

bank -- stan druckenmiller is anticipating surprises.nd improving chinese economy, rising oil prices and a hands-off approach to interest rates by the fed. he made the prediction in an interview. druckenmiller does not like the look of the greek debt crisis. >> the banks do not own greek debt anymore. draghi has q e. e at his disposal. if there is contagion, he can contain it. i do not get this theory about how greece flushes itself down the toilet and puts itself through misery and everyone else does that to. a more rational response is to go to reform and become more embedded in europe. betty: i thought misery loves company. you can see stephanie ruhle's interview on "market makers." last year, i got a personal tour of one of the storied hotels in new york city. the regency, home of the wall street power breakfast. their im with jonathan tisch. jonathan tisch runs the regency as chairman of lowe's hotels. it was a $100 million renovation. the power breakfast is going strong and it is going elsewhere. regency is expanding across the cou

druckenmiller: why does the economy need holding up now? remarkable to me if the run in the euro is over. there is good debt growth and there's bad debt growth. stephanie: welcome to bloomberg "encore," i am stephanie ruhle. it is hard to find anyone with more insight in investing. he spent years working under george soros.

brendan: my favorite druckenmiller called $.80 on the euro.about the economy and what he thinks about activist investing. tom: let's turn to a huge transaction last week, widely expected, but big news. nardelli has big perspective -- terrific perspective. let's turn to the reaffirmation of ge. the chart is a chart of struggle. it has been an ugly story. he's getting lots of positive response here. what is your take away of what mr. immel has to do now? robert: there are two schools. one is, he's brilliant, in that if you look at the banking regulations and jamie dimon announcing $900 million in legal fees and adding thousands of workers for regulation. he may look at that and say this is the perfect time for general electric to exit. it's not what we do. we focus on the industrial side. and he's getting leaner and meaner. i think he made a good move into all and gas. we are in a bit of a trough now, but he is well-positioned. assets are $.50 on the dollar and maybe should buy more and do more to prepare for recovery. olivia: jack welch put out

billionaire investor stanley druckenmiller shares his thoughts on snapchat.ry of state john kerry flew to germany to tell his fellow foreign ministers that the iran nuclear deal will hold up under congressional scrutiny. >> yesterday, there was a compromise reached in washington regarding congressional input. we are confident about our ability for the president to negotiate an agreement and to do so with the ability to make the world safer. emily: the white house signaled it would accept revised legislation, giving congress the authority to review any nuclear deal with iran. samsung is trying to deep its ties with its archrival apple. the company has created a standalone team of 200 employees to work exclusively on screens for apple products according to people with knowledge of the matter. samsung display make screens for ipads and macbooks and applies -- allies more on chipmaking as the smartphone sales stall. wall street may have high hopes for etsy's ipo tomorrow. many artisans who sell stuff on the site are not thrilled. after filing the ipo merchants fa

emily: coming up, stan druckenmiller took a big hit in the tech area.hat does he think of valuations now? ♪ emily: this is "bloomberg west." i'm emily chang. stan druckenmiller has one of the best records and history of investing. his son was returning 30% annually. he sat down with stephanie rule in an exclusive interview and discussed the pressures ceos face. stan: i think it's the reason a lot of these tech companies are staying private, so they can look at their businesses and run them long-term and not short-term. stephanie: what do you think about tech valuations right now? ira number one mistake was getting emotional -- take yourself back tonight teen 99 and you look at the guys buying these ipos and you are jealous and excited and you got your head blown off. stan: it was 2000. i wish it was just 99. i think tech valuations in the private market are crazy. snapshot -- stephanie: you loved snapchat. stan: they don't have any revenues yet. i think is a great company and i think evan has a great vision. it's a fancy price. uber is a fancy price. it

we will get sam druckenmiller's advice for investors. and former homeland security secretary tom ridge tells us who he thinks should be the next president of the united states. "street smart" starts right now. here are the top stories we are watching. the white house signaled president obama will sign a propose iran compromise. this would give congress a say on emerging deal to curb tehran's nuclear program. energy future and in its creditor groups expressed optimism over an $11 billion proposal to reorganize the company. it would allow them to exit bankruptcy by year's end. the final agreement maybe two months off. tencent's market value plunging after the chairman cut his own stake in the company. the stock seeing its biggest decline in almost a year. we have less than an hour to the close of trading. let's go to scarlet fu. scarlet: i want to start with news from the european central bank. thatit is raising its greek ceiling to 74 billion euros. perhaps greases government is preparing behind the scenes for an eventual default or exit

mark: billionaire investor stanley druckenmiller also weighed in on the risks.interview, he was not concerned about greece leaving the eurozone. >> do you think greece is leaving? stanley: i would care more if i was greek. if you mean do i care as an investor -- the banks don't always greet debt. my guess is there will not be contagion, but even if there is he can contain it, as soon as market participants see that, it will not be contagious. i do not get this theory that greek puts its self through misery, and spanish and italians are like, let's do that too. a rational response is for them to go to reform and become more embedded in europe. i would prefer to see greece stay in the eurozone for a lot of economic reasons, and maybe humanitarian reasons. as a market participant, i think it is overrated and analyze. d. caroline: the ecb once again extended aid to the greek banks. the ecb president's mario draghi will have a press conference following the central bank meeting. that will be here on bloomberg. let's have a look at the other top stories, nigel farage

successful billionaire stanley druckenmiller is trying to figure out when the federal reserve will raise

druckenmiller: i am pretty optimistic on crude prices. they are going to do better than the forward curve. well, because as my produce a sack schreiber said a year ago, the cure for high prices is high prices. well, he would also say now the cure for lower prices is low prices. stephanie: what does that mean? mr. druckenmiller: it means prices that $50 have caused a lot of behavior in future production, expiration budgets, that it should remise clear up the supply-demand by early 2016. and i think that is very different than the world is sinking. alix: david, what do you think about that? do you agree? david: that is a very powerful voice that deserves a lot of respect. we are underway to be energy sector. we would wait for this to clear. it is not clear how much more global supply occurs if iran and iraq pump. it is not clear how the geopolitical risk sorts out nigeria. and it is not clear if venezuela. new regime, what is the first thing they do? they take 300,000 or 400,000 barrels a day come up with them on tankers, run them across th

stan druckenmiller said there are troubles looming in the u.s..inaudible] at 9:00 him tonight -- new york time. hans: keeping himself quote at a distance. martin winterkorn is the ceo of the volkswagen group. they have had record sales and are close to eclipsing toyota but sales in the u.s. have been sluggish and that could be why at least some on the board are upset. writing to the rescue of him is the cousin here is what he had to say in a statement released he said porsche is also on the board and when you look at how it is broken down, the porsche side has two seats in the pf side has three seats. there are 20 seats on the board and 10 are held by the workers council. mr. winter corn appears -- vendor corn appears -- mr. win tercorn appears to have the backing of the council. they have had remarkable success with their luxury brand but their profitability in 2014 they had a 2.5% operating profit. their goal is to get that to 6%. they sold a lot of vehicles and have had a lot of growth, the question is, where is their profitability. it has been

we will get sam druckenmiller's advice for investors.meland security secretary tom ridge tells us who he thinks should be the next president of the united states. "street smart" starts right now.

. ♪ francine: stan druckenmiller has one of the best track records in the history of investing.s worked with george soros and he's been sounding the alarm about the feds zero interest rate policies. stephanie ruhle got his view in an exclusive bloomberg interview. stan: we are not going to see anything for a year and a half. they set up metrics eight or nine months ago. they were met three or four months ago. then they changed the metrics. i have no confidence that you are going to see rate hikes in september or december or whenever. when they lay out metrics and they change, and they changed again, and again, who knows when they are going to go? by then, how far will the debt go? this is all pay me now or pay me later. i agree if you go a quarter, it might do a few things to markets, but if you wait and go a year later, it is going to do much more. stephanie: you have been worrying about fed policy for over a year. why did a you ringing the bell so loud? stan: i'm not really ringing it so loud. i gave a private speech to my private community in florida in january, where there w

tomorrow, stan druckenmiller. don't miss it. ♪ >> bloomberg television is on the markets.e. do we have the board up? the u.s. dollar falls the most in a week and a half while treasuries increased. the yield on the 10 year comes down to 1.86%. we thought we would get some reaction with the start of the banks reporting earnings. why are we not getting much direction? guest: we think there are going to be catalysts that bring some volatility to the market. the first is going to be when balance sheets start contracting. that started in january. there is a search for yield. that hasn't really come in to play. the other thing would be a search for the strong dollar. that really hasn't impacted. >> we saw johnson & johnson report. guest: that's what you didn't see a drastic move. they were able to forecast. when tech starts to report next week, that's what will have an impact. microsoft was up 10% off the stronger dollar. >> does this point to a lackluster sense that the economy. the first quarter was week because of the bad weather and the disruption from oil prices. the retail

last week, stanley druckenmiller said they should have done it nine months ago. what do you think? nouriel: i disagree because the economy is weakening. the dollar is strong. i have been saying they will not hike in june. this point, september is not obvious because three months ago we were saying demand will be strong. consumption is weak. capx is weak. the strength of the dollar is hurting exports, inflation, and growth. and the fed is to be worried about the impact of the dollar on the real economy. i would say december, maybe. not earlier. once they raise rates, they will be slowing gradual. erik: people accuse janet yellen of talking down the dollar. a , is she and b to talk down the dollar? nouriel: i would say she is not exquisitely talking down the dollar. six months ago people say domestic demand will take care of that, even if exports are week. now we realized the mistake demand is softer, and now we have to worry about the dollar. certainly, talking to people about the fatty, i sense a different concern for the first time in years about the strength the dollar -- the fed

that sounds like sam druckenmiller. he tells us there is a lot to like about the chinese economy. dolly oh: --dalio: i think they have a lot of potential, so i remain bullish on china. stephanie: bridgewater has a cool $169 billion in assets. he knows what he's talking about. moving on, a race against time in the fall. searching to find survivors in the earthquake that killed more than 3700 people. international relief agencies warned that the next big problem may be disease caused by tainted water. the quake that rocked the hall -- nepal on saturday left millions homeless. many are in villages that are hard for aid workers to reach. >> the villagers are working to find in one to two days walk and that is in the best of times. a report of heavy casualties and injuries. these are far, remote line villages. -- remote villages. stephanie: meanwhile, choppers that working -- were working to rescue climbers, there are still some stranded on everest. erik: hans nichols just spoke to mr. jain. mr. jain is under a great deal of pressure right now. hans: he's in a great deal of pressure an

miller that ceo's are not making long-term decisions -- we have heard from larry fink and stan druckenmillernot making long-term decisions for the help of their company. mr. pickens: that takes you back to the 1980's when we took over gulf oil. the price had not been over $35. we took it to $85. stephanie: but you are a long-term investor. a lot are not. mr. pickens: they are in there in best thing. they have good ideas and all. it's not a bunch of lazy guys. there are some. you've got carl icahn out there. what is it, steve cohen and those guys. they will jerk you around a little bit if they see great values you are not getting for the shareholders. c i madearl -- i made carl met the other day. the new york times called him an activist. i said back when i get it they called us razors. now they are activist shareholders. i said he made more money for a company than any ceo that i have known anywhere. he is a moneymaker, serious man. i said he was about as smooth as stuck on a bathtub. he called me. stephanie: what did he say? mr. pickens: how would you like to get into a stucco bathtub? step