we will look at the charges the tech giant faced and we will hear from george soros. why he doesn't expect the fed to raise rates. later, an exclusive interview with a2a. stay with us. we are just getting started. ♪ francine: coming up later today, the ecb rate decision is out at 12:45 p.m. president mario draghi will face questions on qe. stick with bloomberg for all of that coverage. that is at 1:30 p.m. london time. joining us is our chief euro area economist. great to have you on the program. we had that really good forecast from the imf for the eurozone yesterday. today, no policy change expected from mario draghi. i guess he will be fielding questions on whether he is optimistic. why are we so worried about whether qe stays? we've just started it. >> first of all, he will be quite pleased with himself, with what the ecb has accomplished in such a short period of time where inflation expectations are headed, and the growth prospects improving. on this background of cheaper oil, weak euro and investment prospects. i think he should be quite happy . the banks are i

george soros could be facing a tax bill of nearly $7 billion. the cost of a tax loophole that congress closed back in 2008. soros and other hedge fund managers have been allowed to defer taxes on the fees they get paid by clients by immediately reinvesting them in their funds. that allows them to keep growing tax-free. it is kind of like a 401(k) except you and i can only contribute $18,000 in pretax money each year and george soros and his friends were basically c contravening billions. over the years that makes a huge difference. according to a tabulation from a university of illinois professor it meant soros' fortune grew by $13 billion more than it would have if the taxes were not deferred. i turn to you, bill cohan. we wonder why popular opinion is to hate wall street specifically hedge fund managers . chew on the fact that because of this loophole, $13 billion more over this. bill: first of all, he did not do anything illegal so you have to say that. i think people accused mitt romney of something similar in the way he grew his fortune at b

we will be hearing about the lessons he learned from george soros. erik: we will play about the protester who interrupted mario draghi's news conference. how was she able to get that close to the ecb president? stephanie: if you are going to do it, do it with glitter. the bond market goes to the dark side. we will be speaking with the ceo. ♪ stephanie: welcome back to "market makers to go i am stephanie ruhle -- "market makers." i am stephanie ruhle. auto making rebounded but other industries retreated. that is being blamed on a strong dollar which is hurting oversea demands. cheap oil has led energy companies to cut back operations. intel arrived this morning that the largest chipmaker forecast of second-quarter revenue in line with analyst estimates. intel says sale of personal computer chips are falling but demand is increasing for data center chips needed to turn out information for mobile devices. intel's first quarter earnings matched estimate. in new york city, hundreds of demonstrators marched last night to protest police brutality. it is sai

george soros was vigorously against the war. he gave interviews. he spoke, and he wrote. he didn't make the connection that it needs money to back up with an infrastructure for these people. $200 million for george soros can be compared with a reasonably good year when he makes $3 billion. ted turner, for example, can vastly increase the peace movement. we've heard of waging war. what about waging peace? what about anticipating conflict? what about not exaggerating criminal gangs and following up with massive invasions, blowing countries apart, and spreading the criminal gangs into 22 countries? al-qaeda. what about spending ourselves into penury in terms of deficits and the $3 trillion over the next 30 years that joseph stiglitz, a nobel prize laureate, said the iraq war is going to cost us? not just the immediate war and all that, but all the follow-ups of the veterans and so on. bill gates sr. and the famous trial lawyer in texas, joe jamail, could easily fund reopening our courts so ordinary people can use them, so ordinary people who are wrongfully injured can have t

he spent years working under george soros.

it is hard to find anyone with more insight in investing print he spent years working under george soros

mark: the ambassador who worse -- who worked with george soros for over a decade also weighed in on the list. he told bloomberg in an exclusive interview that he was not worried about greece leaving the eurozone? >> do you think greece is leaving the eurozone? >> probably. i would carry a lot more if i were greek. if you mean, do i care as an investor? the banks don't own greek debt anymore, draghi has qe at his disposal. my guess is there won't be contagion but even if there is he can contain it and as soon as market participants see that you won't have contagion. i don't get this theory that greece flushes themselves down the toilet and put themselves through misery and the spanish and italian's say they want to do that to. i think the more rational response is for them to go with reform and get more embedded into europe. i prefer to see greece in the eurozone for a lot of market reasons and maybe humanitarian reasons, but as a market participant, i think it is way over analyzed and overrated. caroline: as greece's cash crunch gets ever more urgent the ecb once again extended to greek

george soros spent his entire career focused on trading.the massive trades he is made, -- we have a story about his tax bill and the billions of dollars he will face in taxes because he deferred a lot of taxes on income. and now he is focused on for p so that focus can be -- he is focused on philanthropy. if you look at steve ballmer, the way he ran microsoft. betty: we have some footage. matt: it was really fantastic. betty: look at him. matt: no one more passionate about his company and now certainly his sports team. have to get into it. betty: thank you so much. matt miller of the bloomberg billionaires team. tomorrow, booze and buses. the secrets to a booming bourbon business. ♪ announcer: live from bloomberg headquarters in new york. this is "market makers," with erik schatzker in stephanie ruhle. stephanie: oil prices may have collapsed but not the oil business. we will see why energy companies are doing better than expected. george soros says the rich should pay more taxes when it comes to building his own fortune, the billionaire si

george soros says the rich should pay more taxes. he may face a monster tax bill himself.e could be looking paying as much as $6.7 billion after congress closes a loophole that allowed fund managers to defer taxes on client fees by immediately reinvesting them. the bill could come due by 2017. the consortium will pay $1.9 billion for omni vision. omni vision was founded by a chinese immigrant. apple found a defect in a key part of its watch, according to "the wall street journal." the problem was in the engine of the watch. the defect caused some of the supply crunch we are seeing. it is not good news for consumers but what about developers? joining me is the former head of facebook for android. first, let's talk about what the engine is. it's the sensor that creates a tapping sensation on the apple watch, which you have. >> mine is bright green. it's an new form of user interface feedback. it helps get your attention without creating an audio sound. emily: how big does this defect seem to you? >> i don't think it is a huge deal. this is a product that was already going to

george soros. stuart: that's right. >> would you trade places with george soros?it's your show. stuart: thank you, judge. [laughter] it's monday morning. let's just suppose i've got oodles of money, i'm a hefty billionaire, how much can i give to hillary if i wish to? >> $2300. in the primary and $2300 in the general. to hillary. you said to hillary. to her campaign. you could give an unlimited amount to a superpac. you could spend your own money in her behalf absolutely unlimited, totally and completely unlimited. so when she says $2.5 billion she's not talking about the $2300 a head that mccain-feingold, which is still the law though parts of it has been gutted by the supreme court limits individual contributions to her campaign. she's talking about the total amount of money that she will spend or will be spent in her behalf. so if your hype met call left-wing billionaire -- hypothetical left-wing billionaire spent his own money to advertise for her, he could not do it in direct communication with her people. he has to do it on his own. stuart: but he could do i

he spent years working with george soros before striking out on his own. fund was returning 30% annually for a quarter century. mr. druckenmiller does not just invest in markets. he is a major supporter of various politicians including governor chris christie. esther druckenmiller spoke with -- mr. druckenmiller spoke with stephanie ruhle about 2016 presidential election. stephanie: we just heard from a politician who you supported in the past, chris christie, about entitlement reform. does chris christie have a chance at anything anymore? stan: he is a tremendous talent. tremendous communicator. that speech he gave today, what guts? we will see how it plays out. if there is anybody who can deliver that message, it is chris. stephanie: you believe in entitlement reform will be an important theme in the to the 16 election? -- in the 2016 election? stan: no. stephanie: does that disappoint you? stan: a year or two ago i thought we had an incredible window when the sequester fight was there. that is why i was so vocal at the time. you shrug when you think you

but really is anybody going to buy a book on george soros? i don't think so.> host: jamie goralik? >> guest: oh, yeah. the so-called wall was developed by a low-ranking justice department official who had the bright idea that, you know you couldn't share information that was developed through intelligence sources versus information that might be used in a prosecution. each though there -- even though there had been 76 prosecutions involving this kind of information before under john martin 75 of which resulted in convictions, many of which were upheld on appeal. so there was no question about the legality of doing that. but somehow he developed this theory i actually interviewed him, i asked about the fact that previous cases had been upheld on appeal, he said he wasn't aware of that. well jamie goralik and janet reno signed off on that memo and the result was the whole law enforcement community on the federal level was tied up in knots. they couldn't share information, it was nuts. and that also tells you something that's rather embarrassing about those agenc

george soros who says the rich should pay more in taxes may face a monster tax bill himself.oros could be looking at paying $6.7 billion after congress exposed a loophole that allow fund managers to deter taxes by investing them. the bill could come due by 2017. omnivision technologies whose camera sensors are used in the iphone is being acquired by a chinese company. a consortium will pay $1.9 billion. on the vision was founded by a chinese immigrant. apple found a defect in a key part of the apple watch during production. this according to "the wall street journal." the paper says the problem was in the taptic engine of the watch. that defect caused some of the supply glitches -- crunch we are seeing. what about developers? joining the is the former head of facebook for android. let's talk about what a taptic engine the sensor which creates a tapping sensation. which you have. in. >> it gives you a new form of user interface feedback. it is helpful to get your attention without an audio sound. emily: how big does this defect seem to you? >> i do not think it is a huge deal.

a super pact with billionaire george soros as his finance chair. by delaying the announcement ready for hillary was able to continue fundraising. that may be why jed bush is taking time before declaring. campaign finance law is mak g it so you may be able to buy the house, this house. >> samuel is a professor of constitutional law at n.y.u., and obrien murray with us a republican strategist and the they are in studio tonight. mr murray, if i'm the little guys, john or jane doe public, and i call my congressman, and a big name donor calls the congressman, one that lays out millions of dollars, who does the congressman answer the phone call from first? >> that's a different way of looking at it. people met the congressman in the street, and some say call my office. that's why they call. >> who does the congressman pick up the call from first? >> someone in the office answers the call first. it's not a relationship. >> you are saying it doesn't matter it someone donates a million to someone that donates as they can. >> if they donate a million. they k

behind all of it, there's been a certain element that you can connect the dots to people like george sorosthey will come back here in new york city when we had those protests not too long ago, i saw their organization. i looked out the window. i saw when the police were barricading where everyone had a phone. they turned in unison almost as if they had legitimate marching orders. the signs were beautiful. they were well-made. they weren't homemade. this is the beginning, in my mind, of organized protests with a lot of different types of people. young, old, black, white, to sort of erase the stain. because whoever -- listen, we know that this is about a young man who died under very questionable circumstances. and we know that the looting does not represent -- it represents something totally different. so it's not -- it's not surprising that this would be happening. how worried should we be? is the government going to speak? governor larry hogan speaking right now. let's take a listen. >> and by the number of people that were out helping in the community. we then went to maryland emergency

but really is anybody going to buy a book on george soros? i don't think so.o the other issue of -- what about clinton? >> host: jamie goralik? >> guest: oh, yeah. the so-called wall was developed by a low-ranking justice department official who had the bright idea that, you know you couldn't share information that was developed through intelligence sources versus information that might be used in a prosecution. each though there -- even though there had been 76 prosecutions involving this kind of information before under john martin 75 of which resulted in convictions, many of which were upheld on appeal. so there was no question about the legality of doing that. but somehow he developed this theory i actually interviewed him, i asked about the fact that previous cases had been upheld on appeal, he said he wasn't aware of that. well jamie goralik and janet reno signed off on that memo and the result was the whole law enforcement community on the federal level was tied up in knots. they couldn't share information, it was nuts. and that also tells you something

he worked for george soros before striking out on his own.with stephanie ruhle about the near record number of buybacks companies are announcing. stan: if you look at what is going on, we have had a tremendous amount of debt growth particularly in the corporate sector. unfortunately, the productivity of that debt, if it was measurable i would say it is at an all-time low. why do i say that? because there is good debt growth and bad debt growth. good debt growth is when you borrow money and it goes into the real economy, you do capital spending, build businesses. by most calculations, almost 98% of the current debt growth has gone into m&a, corporate buybacks -- by the way, and record prices -- leverage buyouts. it is growing in financial engineering. i cannot prove it, but i would pretty much feel very confident that $1 trillion in buybacks and dividends in the last year and $4 trillion is the forecast this year for m&a is a job reducer and an economic reducer. i don't know what they think they are getting out of the 0% rates. stephanie: thes

billionaire investor who worked for george soros says trouble is looming.cy is so much more reckless so much more aggressively pushing people in this room come and everybody else on the risk curve that we are doubling down on the same policy that put us there. blackstone is going on a real estate spending spree. it is the biggest such transactions since the financial crisis. blackstone agreed to buy a shopping center owner for $2 billion. he will spend the $5 billion to expand to manufacturing units. stocks finishing in the green. their first three-day rally in a month. back to breaking news with scarlet fu. a look at the action that happened before the close. what do you have for us? scarlet fu: we are fixated on individual names. the theme was lackluster. everyone waits for dollars. one name is semantic. it got a late boost in trading on a report that it could get a billion dollars for data store -- data storage. they had purchased barra taws in 2005. they would spin off to focus on the anti-hacking business. according to the report, $8 billion of valuati

george soros may be facing a monster tax bill. of the world's greatest investors used a loophole that allowed him to defer taxes and reinvest them in his fund where they continue to grow tax-free. at the end of 2013, he had amassed $13 billion through the use of deferrals. that is according to irish real tory filings. oaks street capital group is evaluating parts of general electric's finance business. the firm has "some serious interests" in a few things. and bernie sanders is running for president. the independent senator from vermont saying he will run as a democrat. sanders gives hillary clinton her first official rival for the party's nomination. 30 minutes to the close of trading. scarlet fu is looking at the notables of the session. we are seeing a triple digit telephone the doubt. skyler: at least -- triple digit changes all the dow. scarlet cord on the care is drawing interest from cvs and other groups. ed and jeff spoke with people with knowledge on the matter. other potential bidders for this company include walgreens,

the discussion here the institute of new economic thinking backed by george soros, get real europe, you real. the greeks have so much debt, they can survive under this pilot debt. -- can't survive under this pile of debt. we had the president of imf -- we are supporting them, getting them the infrastructure. there is a huge willingness to get over the line. do the greeks want to come over the line or take it to the wire? olivia: we will leave it there. a meeting with the oecd outside of paris. francine, this is your -- we've had so many one minute to midnight moments. is greece really on the brink right now? should we care right now? francine: they are not modeling it because it is so preposterous that they actually leave. i would rather have a plan b, but that's a personal opinion. it is always crunch time. european politics always comes together and that's what people are banking on now. it's a strange government. they have the support of the people and so it's tough to push a lot of this through. pensions and privatization. olivia: in jamie dimon's letter he said jpmorgan is modeling

george soros and a french economist are among those present. too is manus cranny. he joins us now.t up with the head of the oecd. he is always on fire. what was he saying in his message to you yesterday? manus: he was indeed. he arrived at the institute last night in the center of paris and the whole conversation was soros debating a new way of thinking. we just heard from the president of inet saying that europe needs to readdress how it looks at debt. one of the subjects, one of the subjects is of course the european central bank. last time i caught up with him, he got so animated talking about the bazooka. when it comes to whether it is working, he was very definite. s the working. >> it is working. i have to say first that mario worked with words and now he is working with money. it worked with the words and when it was time to put the money on the table, he did it and it is working. and you see the markets are reacting very positively. of course we hope that interest rates in europe will remain very low for a very long time because the recovery is still sometime away. very low

when you think of the heavyweights they are bringing in here george soros, thomas piketty all talking about the new way forward. my conversation turned around. he has met with tsipras and varoufakis on a number of occasions. what is the oecd's role in building trust with the rest of europe? it is a big one. >> we are trying to create a common ground, a common language, built on taxes and the collection thereof. the second is about corruption the fight against corruption. more competition, so you can fight against monopolies oligarchy, etc. and last but not least, to have a government that is functional and has the capacity to execute what is legislated and what is regulated. on these premises, we've built a cooperation where the greeks tell us what their priorities are and we inform them what are the best practices around the world, what has worked, what hasn't worked, what is more effective what we believe could work better for them. this is the arrangement we have with them. manus: anna, it is fascinating. we at bloomberg and many other institutions focus on the numbers. where is yo

george soros may face a huge bill because a tax loophole is now closed. that a soros fund gained $6.7 billion thanks to deferrals. he may oh $6.7 billion. good problem to have. goldman sachs is becoming the first major bank to make a big investment into bitcoin. goldman's partner in the deal is a chinese investment firm. those are your top headlines. tom: into the 7:00 hour, she darkens the door -- barbara corcoran will join us. we will speak to her about her new york city. we will also look at this continuing debate oversee class officers, how to motivate and retain females on the corporate ladder. there is a commodity conference at bloomberg today. dambisa moyo will join us to talk about commodities in brazil and china. it was an abrupt changing of the guard in saudi arabia. the old and aged are out. the new royalty is in. it is profound for domestic relations and just as profound for opec. james stavridis. helima croft. as a doctor in economic history at the university of harold james. who is harold james? helima: he wrote "the history of the imf." tom

meantime, one of the best track records in the history of investing, he spent years working with george sorosstriking out on his own and for a quarter century, his fund was returning 30% annually. now he is writing on three market surprises. still with me, david kotok of cumberland advisors. david, what is so popular in my world in the commodity lane has been this fall off in oil prices. it is hard to find someone who is incredibly bullish on the oil prices. mr. druckenmiller: i am pretty optimistic on crude prices. i think 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 po

george soros on the british pound. >> if the european central bank has to buy 60 billion euros of qeas to be in german bunds, because those are the rules and increasingly german bunds are falling not just negative, but below the level at which the ecb can buy them. the ecb is chasing a smaller and smaller number of bund which is is why they're rocketing. it's meaningless in a practical sense. it's meaningless to say they're the short of a generation when the ecb, you've got to believe what the central banks say when they tell you what they're going to do and they commit it in the way they have. 18% of $60 billion is going to go on until september of 2016. they say. why would you short in the face of that? why would you fight the ecb? it's meaningless. >> i don't know necessarily if he's saying it now. but with german bund yeemds at zero and about to go into negative territory. he's talking about the overvaluation and the fact that it's set to snap back in a crazy way when and if the ecb stops. >> let's send it over to kayla tauschi. >> always happy to be the foil to your arguments. w

i think george soros as well as david coke should invest in happiness because i think it is a worthy thing to have a good discussion as a country. >> host: every month we asked one author to come on this program can take your calls take your e-mail comments etc. but we also ask the author his or her favorite books in the biggest and biggest influences and what he or she is reading now. here are some of the arthur brooks answers. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> host: arthur brooks, one of her favorite people in the biggest influences charles murray. >> guest: a scholar at the american enterprise institute who has written voluminously on so many different topics. he wrote the first book about welfare reform. charles murray's work ended up going back to you know i think that we talked about this quite a lot. the book is called losing ground. it is written in 1984, and it basically made this one profound point. charles murray said the problem in the welfare system is not that it wastes so much money which invaded rules the life of the people that we are trying to help by making them permanent

president who raised 1.3 billion or something like that, was talking about billionaires, like george sorosident has good comedic timing. some of the shots were very, very biting. the key and peelle, hilarious. but i do, let's just put it in perspective, why he addressed the journalism aspect of this toward the end, a, because he's been criticized resoundingly by the white house correspondents' association for the lack of access. and for what's been going on. his justice department went after james rosen of fox news, they were bugging his parents e-mail, investigating leaks, what happened with james risen, there was a blatant attack on spying on ap reporters. so these things happened under this administration. then you had two journalists beheaded by isis over the summer, and for him not to address that, it was a way of them trying to smooth that over and giving a hat tip because of all of the tragedies that have happened under this administration. >> we'll keep talking about it, but right now, they're introducing the woman of the evening, cecily strong from "saturday night live." [ applaus