. >>> shares in ab inbev fall to a six-week low in what it calls the largest challenging quarter in manyears. >>> and the likely nominee, donald trump taking home the hoosier state, pushing te ted cruz out of the race as he suspended his campaign. ♪ >>> good morning, everybody. >> good morning. >> welcome back. >> thank you, good to be back. >> yeah, good to have you back. >> we've got in data hitting the wires. pmi data, march composite, 53.1 that coming via news wires. composite pmi 53.1. the pmi forecast was forecast was 53. coming in slight above forecast, not by much. the eurozone april composite pmi 53. again, i'd say these numbers are pretty much in line with what was to be expected. >> services pmi topped soft 53.1, 53.2. the benefit of world prices feeding into these number here's. >> the forecast, precisely. the pmi very much weaker than anticipated. >> absolutely, yeah. >> we've seen that in here in a couple sessions from europe, as well as out of asia. with a look what's going on here. we're caught bit flattish. stoxx at 600. main european markets indicating precisely that tr

ab inbev missed forecasts, heard by weakness in brazil.orld's largest brewer expecting almost double that figure. profits in that period also fell short. joining us now is duncan fox from bloomberg intelligence. rate have you on the program with us. have they got enough to smooth the takeover of sab miller and get the deal done? away from the numbers themselves, that is a crucial thing. duncan: very much so. in the next three to six months, they can start integrating. and it looks like they should have done enough. they sold the contentious assets. it is very difficult to see where regulars may see a problem now. but it is a regulator, who knows? is all about, it brazil. we talked about that story politically, economically. dilma rousseff, etc. it is under pressure, isn't it? duncan: if you look at the one constant come the premium beer there, and actually grew very well. it is a slightly mixed picture. i think it is just the economy under pressure. not particularly any problem with the brazilian beer business. anna: will this company stil

ab inbev down by 2.5%. heineken up by 12%. the best performer is sab miller. tell you about e. on. first-quarter profit rising by 30%. a one time adjustment to natural gas profit. -- following a two-year long arbitration process in march. it allowed them to cancel some provisions recorded earlier. and the utility also reiterated billion tot of 1.5 s.9 billion euro e. on down by 41%. rwe 49% lower. francine: mark barton there with your asset check. of course, e. on, we'll be speaking to the chief financial officer shortly. now, this is my chart of the hour. it relates to power companies in germany. this is brent. check this out. this is, when you look at the blue line. this is the picture of brent, the whilte line. brent -- in purple. foraverage price for brent the past 50 days is set to rise above the 200 day moving average. this is what we call a golden cross. that is typically seen as a sign of bullishness. the price may go up of we look at the technical level. up next, has the world's biggest sovereign wealth fund but a slumping oil price has seen theay tap

the owners, a belgian company, called in -- called inbev, are planning for a name change.e name of the company. not the beer, right? trace gallagher. >> yeah. inbev, anheuser-busch, except the fact it's owned by a belgian company and run by a brazilian company, what could be more american than budweiser? beginning may 23rd, going through the presidential election, the budweiser logo on 12 ounce cans and bottles will be replaced with "america." the company says because of the summer olympics and the election, they're trying to inspire drinkers to celebrate budweiser's shared values of freedom and authenticity. along with the name change, the labels will also have lines from "the pledge of allegiance," "star spangled banner" and "america the beautiful." reaction has been somewhat mixed so we did our own informal marketing survey. watch. >> why not? it's due for a change, budweiser. >> i could live with it. i love america. >> i think they ought to stick with budweiser. i don't know why they would change. >> some tongue in cheek comments online say they finally understand what

executive wants ab inbev beerll off most european brands. ññ1111@1@1@1@1púúa xx 05/24/16 05/24/16 [ioning made possible by democracy now!] amy: from new york, this is democracy now! >> he is dead. if something happened of my son, myself andt mine -- that families shoes. that verdict is s not correct. somebody got to be responsible for that murder. amy: a baltimore police officer is acquitted of all charges in the 15 death o of freddie gray who didied of spinalal injuriest

ab inbev has reported sales growth that missed estimates on weakness in brazil.uarter revenue rose 3.1%, excluding currency shifts in acquisitions. it had estimated in advance of almost double that. adidas plans to sell its golf unit, and will start negotiations with potential buyers. the company says it will keep its adidas golf shoe and apparel while seeking a buyer. herbert heiner will be speaking to bloomberg "surveillance." has reported second-quarter profits that beat analyst estimates. industrial operations rose in the three march, after an increase in demand for energy generating equipment. brazilian prosecutors have filed billion civil suit over rupture thatm killed 19 people and caused severe environmental damage. shares have plunged on the news. credit suisse has agreed to sell distressed debt for $1.27 billion to tpg. estimatess 270 related to 170 companies globally. it results in the next or charge of $100 million to be reflected in first-quarter results due may 10. global news 24 hours a day powered by our 2400 journalists in 150 news bureau around

ab inbev says it still expects to close its takeover of rival miller in the second half.nbev down 2.5%. >>> shell first quarter profits fell 58%. however earnings did beat forecasts. shell which just completed its $54 billion takeover of bg group will shut spending by another 10% this year. >>> siemens reporting a strong first quarter growth. the margin for the high margin short cycle businesses may not pick up as much in the second half of the year as expected. >>> as we mentioned data is going to be important, it is a busy day of data for all shapes and sizes on the adp report, expected to rise by 196,000, that's roughly in line with what they did last month in march. at 9:30, we'll get the first read report on q1 activity and labor costs that's followed by the services index at 10:00. that's important because services make up the economy. and in terms of earnings, priceline and time warner reporting earnings. tesla, whole foods and iac active going out. >> we have that interview on "squawk on the street" which we look forward to. >>> wall street is looking for revenue

anheuser-busch inbev has redesigned its labels in the past to feature the american flag or the statuef liberty. for the next six months you may be able to walk into a bar and order a pint of america. will you be drinking some? >> only if you come with me. i'm not a beer drinker. i'm a wine drinker. much, kate with the business roundup. let's take a look at what's making headlines around the world with today's press review. lots of focus on brazil and the country's roller coaster political scandal. plenty of suspense over the possible impeachment of president dilma rousseff. >> that's right. rousseff says she's the victim of an institutional coup d'etat. you can read about that more in the brazilian papers. on the fronter page of this one. this editorial qualifies the attempts that she has been putting through to stop the impeachment process. it says this is a grotesque farce. this is a political maneuver that is terrible for brazil's image of broad. it says brazil's image has really suffered in recent weeks. it must be said that globally, most brazilian papers are in favor of impeachm

this is an ugly charge, showing the big for brewers have fared few years.st ab inbev down 2.5%.arlsberg flat on the year. 18.2%.er up busy day for er today the german utility. they are rising stronger than estimated 30% after a one-time adjustment natural gas project -- contract. this was a two-year inflation process in march that enabled e.on to cancel some things recorded in early years. these are the two big utilities in germany in the last 12 months, e.on shares have been at 43%. rwe has lost half of their value. that is some big fall, and let's finish off with jc?. ballat that decline, the since 2009. the french advertising company given first quarter update after the market closed yesterday. they see the strong first quarter with organic revenue, but it was the second quarter that was weekend. this sent shares lower. i will show you what is happening in the lovely and i brexit function. -- ni brexit function. this is with the exchequer is saying, testifying before the upcoming referendum. the treasury released a report saying how much the u.k. economy is going to be affect

as the brewer that assumed to be bought by ab inbev was settled with charges werrelated to south african- and cost related to the takeover. as china's surged biggest maker of home appliance has offered $150 per share. provide has agreed to kit for chelsea football club. nike will pay 60 million pounds a season over a decade. chelsea first had to get out of a 10-year deal with adidas that had seven years left to run. francine: thank you so much. should the world be concerned by china's rising debt? we are speaking to larry fink, all have to be worried about china's debt and slowing growth." e.u. commissioners meet today to discuss taking action after spain breached its countries budget limit for a fourth year. the country is preparing for its second election in six months. with me now is the global chief investment officer and ceo of global caret we are talking about china, spain. we could show you a number of risks that you look at on a daily if not hourly basis. the problem is monetary policy as were talking about during the break. monetary policy has done what exactly? has it helped us

today we had results from imperial brand and ab inbev. the best since march 2009? spirits andncludes beer and soft drinks. it has risen by 194%. we need a benchmark. i have chosen the s&p 500. it has outperformed the beverages index. the best performer is the msci world tobacco index. 217%. but wait. on an individual basis out of cigarettes and booze, which company has spared the best since march 2009? constellation brands, 1141%. the miller quandary has been answered. matt: he knows darn well that i do not smoke cigarettes. i have taken two of the biggest hedge fund etf's that are trading. this is almost $100 billion in market cap. this is about $85 billion in market cap. this is steve schwarzman's blackstone. they have far underperformed these two hedge funds. none of the three is doing well. david: it is spelled without a t. megan: it is an easy call who is winning today. matt: i will change that for you. jonathan: i'm going with the chart, matt miller. megan: coming up, bank of america -- ♪ iaae-m" david: donald trump takes indiana as

>> yeah, in the three names that i think i gave in the preparation for this, budweiser which is inbevnestle and p & g, two nonu.s., one u.s. name. they share two things in common number one, consumer driven stocks, less susceptible in the economy. but free cash flow yields and dividends. all three of those names have a very high free cash flow that happens to be higher than their dividend yield. as people seek out yield in the no-yield environment, they sometimes chase dividends and that can be a dangerous game. what we do is first screen for free cash flow yield. that's the pot of money, if you will, that these companies will use to pay dividends we want a higher cash flow yield than dividend yields. we feel good about that. there's a side benefit those are the kind of companies that buy back stock and buy their competition or invest in their businesses. >> the other thing we've kicked off the week talking about is the fed and whether or not they're going to raise rates this summer. what is more important, sean, here? focusing on inflation or the instability by chatting about the pos

is, anheuser-busch is owned by foreigners, in before, it is a -- inbev, it is foreign country. melissa: do you say i will get drunk on america? david: i kind of like that actually? that does it for us. "risk & reward" starts right now >> there have been reports that intermitt endly and outside of the formal p5-plus-one mechanisms the obama administration or members of it have conducted direct, secret bilateral talks with iran, is that true or false? >> with regard to the kind of thing you're talking about on a to government level? no. deirdre: fox news's james rosen says the white house flat-out lied to him. the sub -- subject, public u.s. and iran talks in 2014. this is "risk & reward." i'm deirdre bolton. rosen says the obama administration engaged in deception to sell the nuclear deal to u.s. lawmakers and five key countries. rosen says the obama administration removed eight minutes of video from a press conference to get it done. we'll bring you more details on that in just a moment. first breaking earnings news. disney missing quarterly profits and sales forecasts. it may

at axample, if you look company which is on the verge of emerging right now, sabmiller with ab inbev.ou have a very stable share price. is shaving off volatility in your portfolio. a very diversified balance portfolio with companies which are not too dependent on these kind of geopolitical economic risks. guy: we get through july, what is the picture their? u.k., july,ne people are saying the most likely fed decision will come there. talked to me, the rest of the year looks like a pretty bumpy ride -- talk to me, the rest of the year looks like a pretty bumpy right. .ean: stronger volatility we have seen some very sudden inversion of momentum. investors will have it -- will have convictions. changing momentum while all the think youging -- i need to be very clear in terms of what is the macro scenario? what do you believe in? where do you think the fundamentals are strong and rely on them. one thing that is interesting in , when you look at the relative performance of one sector, it has been very much reasoned by -- the market is quite expensive. put someger, you can very active relat

juliette: ab inbev reported sales growth that missed estimates.he world's largest brewer says fourth-quarter revenue rose 3.1% , excluding currency shifts and acquisitions. analysts had estimated an advance of almost double that. the company, attempting to complete its takeover of sab miller, also sought earnings miss estimates. miss estimates. adidas plans to sell its golf unit, abandoning the brand that has been dragging on profitability. it will take -- it will keep its golf shoe and apparel business. the adidas ceo will be speaking to bloomberg surveillance at 11:35 u.k. time. siemens has reported second-quarter profit that beat analyst estimates. profit from industrial operations rose 28% in the three months through march. that is after an increase in demand saw -- for energy-generating equipment offset a decline in the commodities industry. brazilian prosecutors have filed a $44 billion civil suit against bhp billiton and their joint venture that killed as many as 19 people and caused severe environmental damage. shares in the companies have

irony is, anheuser-busch is owned by foreigners, in before, it is a -- inbev, it is foreign country.sa: do you say i will get drunk on america? david: i kind of like that actually? that does it for us. "risk & reward" starts right now >> there have been reports that intermitt endly and outside of the formal p5-plus-one mechanisms the obama administration or members of it have conducted direct, secret bilateral talks with iran, is that true or false? >> with regard to the kind of thing you're talking about on a to government level? no. deirdre: fox news's james rosen says the white house flat-out lied to him. the sub -- subject, public u.s. and iran talks in 2014. this is "risk & reward." i'm deirdre bolton. rosen says the obama administration eag

that is as the brewer is due to be bought by ab inbev and was settled with charges related to operationsnd costs associated with the takeover. group, china's biggest maker of home appliances, is raise its stake in the german industrial robot maker kuka. the takeover offer will be subject to certain conditions. that is your bloomberg business flash. thanks very much. japan managed to sidestep an official recession in the last quarter with the economy growing 1.7%.annualized gains in government and consumer spending compensated for a slide in business investment. this comes following a revised 1.7% drop, contraction, in the previous quarter. usomberg's tokyo chief joins now. tell us more about what has been driving growth, and how much of this was boosted by the fact that it is a leap year? yes, as you say, consumer and government spending were the main drivers for the strong headline figure. economists have largely said that the headline figure masks the weakness that is still weak -- evident in the economy. the leap year affected play a huge role with an additional day year,ear compared

anheuser-busch inbev blamed weakness in brazil.s in the midst of that takeover of sab miller. itsnbev is selling some of european targets beer brand. and adidas will look for a buyer for its adams and ashworth brands, which have been a drag on profits. coming up later this hour, we will talk with the new ceo. that is our bloomberg business flash. tom: i get a lot of e-mails. real?" mic for vonnie's was broken, so i moved this over to her so that she could do the news. was ray hield's. we have technical difficulties. marty shanker is running all our economics and government. we out front on getting respect to mr. trump. take us back to iowa. what did you see in mr. trump long ago and far away as we stand in awe this morning? marty: i saw his -- saw his popular appeal. it felt like his was a message that was resonating and that he was not going to go away. tom: who would be his vice presidential candidate? are you on the shortlist? marty: i hope not. i have to stay unbiased. vonnie: he mentioned sarah palin last night. i actually do

extrapolate that to constellation brands because corona in this country is not inbev. -- sam adams is doing terrible. >> it's doing terribly really. >> yeah, so there really is a lot more -- >> they're trying to revitalize bud light here in the states. it's still the biggest seller. >> that's what my wife likes. i'm a coors guy. >> really? >> yeah. >> people i know used to call it girls light. >> just saying, jim. >> sorry. what's on "mad money" tonight? >> i can't -- don't know. >> here it is. it's a first, breaking news -- >> oh, we've got irwin simon -- girls light. wow. irwin simon looks at a better than expected quarter. frank slootman strongest quarter in all of technology, watches the show wants to come on. okay. silver bullet. you know, the we are who -- >> i'm from denver. i know. >> girls light. >> yep. jim, we'll see you tonight. >> i'm not drinking anymore coors. i'm drinking guinness. >> there you go. >> as of tonight. even on cinco de mayo -- >>> when we come back, breaking news, cbs services les moonves. ♪ flip your way through your last 9 shows with the

advertising team hopes to solidify an american institution and anheuser-busch perfect purchased by inbevyson foods plans to launch a recipe delivery service along the lines of blue apron and hello fresh. tyson taste makers targeting those who don't know how to open up a cookbook. maria: hitting the 100th anniversary, driver rahal in the studio with us, taking a look at racing. back in a moment. ♪ i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move... ahhh. >> welcome back. the indianapolis 500 racing, 100th anniversary this may 29th. officials expecting record attendance for the event at indianapolis motor speedway. the track brings in nearly 315 million dollars for indiana's economy every year. joining u