that doesn't say much about dugan's 10 year what is his legacy going to be? hans: his legacy is going to be surviving. the job on news of his departure is probably not what he wants to hear. he stared at the bank through some difficult times. not just the financial, but the litigation and charges that came out. he did settle the 2.6 billion charge. they had to put it on their books. it has been a hit. the question is, how much of the litigation it did he clear up and how much more is there to be found and he leaves a relatively clean the book and a lot of the hits have been taken. his 10 may be viewed as successful. if there is a lot more for mr. thiam to clean up, dougan could go down is less as successful. jonathan: thank you for joining us. we are joined now by the investor's perspective. he helps oversee about four to 20 billion pounds in assets. -- 420 billion pounds in assets. what is thiam bringing to the table? guest: a good regulatory record and in financial services and through the most important relationships of any financial institution. so, i thi

brady dugan will be replaced by prudential's tidjane thiam. he is one of the few leaders of a global banks to have survived the financial crisis and the many scandals that followed. brady dougan -- european finance ministers are warning that time is once again running out for greece. they want the greeks to open their books and follow through with their pledges to reform the economy. greece is in danger of running out of cash this month. the leaders do not want to give greeks more money unless they deliver on promises made two weeks ago. apple bets their first new gadget in five years will get customers rushing to stores. they finally released full details for its new apple watch. it offers health and fitness apps, e-mail, plus -- plus a bunch of other things. tim cook says it can even receive phone calls. it will cost anywhere from $249 for a basic version, to over $1000 for a high-end model. tom: anybody there? olivia: the u.s. ambassador to south korea has left the hospital. five days after he was slashed in the face by a north korean sympa

it was dugan who made the approach. it was dugan who raised the issue of succession. many would say what a horrible year. in many ways, he tried clearing out that investigation. set some of those monumental targets. i got the sense, when i wrote to him, he started in german and followed in french. my sense was, here is a ceo playing to the gallery, the gods, and the stalls. in terms of three different languages. also fascinating," which will come to hot him. the absolute fact. when asked about his ability to run an investment bank, i have the organized investment banks. studied physics and math, quite complicated. when it comes to derivative math, that is quite primitive. if i am sitting in investment bank, i would say, here's a man that has organized banks and studied physics and math. i thought it was an interesting -- >> tell us about his career. he was at credit suisse since 2007. you look at the total return. i know you expected me to look at the total return yesterday. he has over performed versus his peers in that time. how do we rate his legacy? >> he would ta

shares rose after the company said that the ceo, bradley dugan, will leave at the end of june. dugan, un-american, has led credit suisse since 2011. -- dougan an american, has led credit suisse since 2011. >> we have a lot of good people a really great staff. mark: dougan was one of the few ceos at a global bank that survived. that is a look at the top stories we are following. hillary rodham clinton is opening up about her e-mail practices as secretary of state. the potential 2016 presidential candidate is holding a brief press conference following ace each at the united -- a speech at the united nations here in new york. peter, this has been one of those issues that has been dogging mrs. clinton for nearly two weeks now. republicans have been vehemently supporting calls for an investigation. are there any democrats joining their cause at this time? peter: there are democrats here on capitol hill in the u.s. senate that have been urging hillary clinton to come clean to explain in more detail why it was she handled e-mails in this way, what the explanation might be, and if she

. >> maxine dugan has been working as a mros stit yut prostitute. >> we're adults and can make decisions about our sexuality we think that is protected under the constitution under the first amendment. right for free speech, right to sexual privacy. >> but what about sex workers not consenting? san francisco is a hub for human trafficking. san francisco district attorney is one of four das named in this lawsuit. >> there are people being victimized on a daily basis. they're being abused and beaten. i don't necessarily negate the fact there may be consenting workers right? if that is the case how do we differentiate one from another? >> in 2008, san francisco proet voeter was prop k weighed in on the issue of decriminalizing prostitution and decided against it but the plaintiff's attorney says times have changed. >> we've seen a shift in the country of -- with regards to peoples autonomy. >> there are women who involved in sex trade against their will. and we need to do everything in our power to liberate them from that. >> the word is one the plaintiffs use in their gofundme campaign. th

. >> it is like sitting in front of dugan at credit suisse.et aside enough money -- have you set aside enough money? they can't give you another month -- they can give you the answer, can they? >> i have had this book is the regulators go hot and cold literally. they move from being the in gauging and possibly through to subtly, they turn on a dime. even more provisions. what you have written, to put everything in context, you're saying barclays at one point to 5 billion pounds. -- 1.2 5 billion pounds. and to put a point on this, rbs made a provision of 750 million pounds and paid 634 million pounds. barclays 1.25. hsbc, over $600 million. again, it is an open ended trade for barclays. it is open ended a four jenkins on till he closes that. -- until he closes that. one of the better performing stocks. >> this time last year, anthony jenkins, he was under pressure, the stock was down at one point i almost 20%. we started talking about legacies. is he started to put a stamp on this bank? >> it is beginning to come the room. jenkins has a big ag

. >> maxine dugan has been working as a mros stit yut prostitute. >> we're adults and can make decisions about our sexuality we think that is protected under the constitution under the first amendment. right for free speech, right to sexual privacy. >> but what about sex workers not consenting? san francisco is a hub for human trafficking. san francisco district attorney is one of four das named in this lawsuit. >> there are people being victimized on a daily basis. they're being abused and beaten. i don't necessarily negate the fact there may be consenting workers right? if that is the case how do we differentiate one from another? >> in 2008, san francisco proet voeter was prop k weighed in on the issue of decriminalizing prostitution and decided against it but the plaintiff's attorney says times have changed. >> we've seen a shift in the country of -- with regards to peoples autonomy. >> there are women who involved in sex trade against their will. and we need to do everything in our power to liberate them from that. >> the word is one the plaintiffs use in their gofundme campaign. th

american brady dugan exits and will be replaced by tidjane thiam of ivory coast.everyone. this is bloomberg "surveillance," live from new york. i'm tom keene. joining me olivia sterns. brendan greeley on hiatus. olivia: and administration exposed when accused gop lawmakers are trying to establish a back channel with iran to scuttle the nuclear talks. president obama said the republican move will not stop negotiations. >> i think it is somewhat ironic to see some members of congress

. >> gary: our expert we had in for 27 years brad dugan the former city college coach and the man who built that program, every year and he gave us his thoughts tonight. start with kentucky their prohibitive favorite good for them to lose what happened >>: that will not lose. they will not lose as a coach to by all the best players. >> gary: brad is very good friends with bought night. guide night bob knight... brad set about with us. mike said you need a box next time that it wasn't that you thought that was funny. brad and i did some basketball games a long time ago he's willing to call an individual by the tv record the night after night he has a very cool guy is very good to have them on. 10 table is trying out with the philadelphia eagles eagles to empty ball to empty ball tim tebow... don't wait for awesome... totino's pizza rolls... ...gets you there in just 60 seconds. go bold with flavors that kick. (humming) oh yeah. (humming) they're magically delicious. ha! very funny, kyle. >> pam: and you have outdoor plants in and be a good week for them will see any rain until next wee

. >> maxine dugan is the force behind what she calls prostitute nation nation. three clients filing the lawsuit argue the law is unconstitutional. >> we're adults and we can make decisions about our sexuality, and we think that's protected under the constitution, under the first amendment, the right for free speech sexual privacy. >> what about sex workers who are not consenting, san francisco is a hub for human trafficking. the district attorney is one of four bay area d.a.'s named in the lawsuit. >> there are people being victimized, they're being abused beaten. i don't necessarily negate the fact that there may be some consenting workers. and if that is the case how do we determine one from the other. >> san francisco voters weighed in on the issue of decriminalizing prostitution, and decided against it. but the plaintiff's attorney believes relaxed marijuana laws and same sex marriage are signs times have changed. >> we've seen a big shift in the country lately with regard to people's autonomy. >> emmy calls prostitution modern day slavery. >> there are wome

dugan, said it's time for me to sell this company. so they went out to the marketplace, this is according to a number of different sources familiar with what happened and j&j was there, and abbvie was there, and there was one other name, not novartis. >> can i make one up like everybody else? >> no. that was also competing and it came down price. abbvie was willing to pay the highest price. i don't want people to think j&j was not interested. they were very interested. >> j&j before it ran up would have liked it. i know privately they love the drug. you mentioned 2017. >> yes. >> this will be good in 2017 because otherwise abbvie's multiple will shrinking. short term is bad, longer term you should feel better they have a great franchise. the clock was ticking. >> abbvie seems to trying to position themselves perhaps as bristol-myers. >> exactly. >> major pharma but key -- >> you said it wrong but i agree. first of all it's bristol-myers. you saw the lung cancer extension. bristol-myers re-rated as biotech. abbvie wants to dot same thi

dugan will be out at the -- dougan will be out at the end of june.ill see how the share price reacts today. we will also see what he will do in the final three months that he is in the position. will he continue to try to shore up and pare down fixed incomes, commodities, and currencies? what will he do to prepare the field for mr. thiam as he comes in? i am interested, when we get there next earnings report, what fixed incomes, currencies, and commodities, what is their debt trading doing? at is the one part of the bank that mr. dougan refused to shrink as fast as his competitors. is that sector going to be coming back? will that be a potential growth engine for the future? or will mr. thiam have to shrink that further? >> you made an interesting point about thiam's relationship with regulators. when the chief of standard chartered was pushed out, he was replaced with someone who had a good relationship with regulators. that seems to be what matters at the top of big banks these days. >> the problem is there are always more regulators then you can h

thank you brad brad do give us the great brand dugan. >> pam: coming up march madness is taking overns and employers. >> reporter: a popular bay area fashion retailers using new technology to shop for women's shoes ride be sure to check and get a p.m. for the tech report >> pam: march madness is right around the corner but snaps snot the end of some employers. employers cut loose about $2 billion in lost productivity. that's due to a loss wage paid to employees distracted by the basketball action. in 2012 ms and survey found that 86 percent of u.s. workers devote part of their workday to all things tournament term tournament. march madness basketball. >> reporter: most of us will say dry but the to be cooler tomorrow morning. through the afternoon breeze the winds will drive us out and we're looking at a warm st. paddy's day. >> pam: will continue to file and have all the latest news weather and sports coming up at 8:00 will be joined as have a nice evening. to train service dogs for people with disabilities. i would never imagine a life without an assistance dog ever again. i relied

brady dugan has said for a long time they didn't need one, if he's at the helm or his successor at thewk alley." only 59% plan to buy an apple watch. only 59%? i would have thought that's quite high. what does it say about the product and future revenue streams for apple? all that and more on "squawk alley." ♪ help join a continent with nearly 3 million rugged square miles with a single broadband connection. when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson. >>> an hour and a quarter in trade a rough open dow down 235 points. but the utility sector actually getting some respite today. let's get more from dom chu. >> if you look at it one sliver of green in an otherwise sea of red for the s&p, utility stocks clear outperformer today. the sector is a defensive play notice mark. of course known for heavy dividend yields. today's standouts, ever source energy xcel energy entergy, excel lon. all up by around you can see there 1% to 2% today. every single stock in the sector is green on the day. there are 30 of them right now in the in