what is the latest on the ipl? >o?e has been a lot of skepticism on whether the saudis are for real. it is such a huge company and is so unprecedented. this is more evidence that they are for real about this. they are bringing in jpmorgan in what seems to be the lead banker and underwriter. longtimelein, he is a energy banker, investment banker. he was with citigroup for a long time. and more evidence that the saudis are serious about doing this probably before the end of 2017 they say. to geta may be looking control of the most popular fast food chain in the country. stakeant to buy majority um brand local business. why would they want control of yum china? >> it is the most popular fast food chain in the country. restaurants and owned by a u.s. company. they had been proceeding with a planned spinoff, but it opens a door and gives a chance for buyers to come in. look psych cic is very key -- it keen.like cic is very >> let's talking little bit about who else may be involved. >> other sovereign funds including assets.

the virgin america stock is up more than 130% from the november 2014 ipl. o.didn't many think this deal would go to jetblue? what happened? abigail: in fact last week elaine becker said she thought jetblue was that most likely acquirer. virgin america ceo david kush put out a tweet saying it came down to price and plying that alaska air's did was better than that of jetblue. jetblue on this news is down. a continuation of its move down over the last six months. more than 20% below, flirting with a 50 day moving average suggesting selling pressure could be ahead. betty: abigail doolittle at the nasdaq. mark: reports of a starting -- a stunning data leak. millions of documents reportedly leaked from a law firm in panama. they are dubbed the panama papers. they include financial records involving world leaders stretching back decades. john fry is here. is this embarrassing for world leaders? many of them seem to be brushing it aside saying it is a nonevent. jon: using language stronger than that. certainly it depends on where you are. the revelations have been me

. -- details of an ipl.he brussels airport is being hampered by the demand for more security. they are hoping that passenger flights could resume i've limited basis. -- they are hoping that passenger flights can resume on a limited basis. california is becoming the first date of a $15 minimum wage to take place by 2022. .uomo has following isthis in trade. front and center. let's bring up a chart right now. buiter, trade evaporates. why does it become so difficult? simply an end, largely for economic reasons, not protection driven to the ever-growing ratio of trade to gdp that we have seen since 1950. the relocalization of the world, but not every country can be hong kong. no trade or gdp growth will fall in line. supply lines are shortening again and this is not something to worry about, unless it is protection driven. tom: that is where i want to go with you, gary shilling. you write a lot about china. professor buiter said china is in dire straits. are they in dire straits? globalization is probably the g

it has been a better -- it has been a pretty dry ipl market.l exchange has just opened for trading at $22.80 a share. at $1.8 the company billion. someows there is perhaps demand for an initial public offering. they tried to go public a couple of years ago. markets' opening trade at $22.80 a share. let's check in with first word news. matt: bernie sanders and hillary clinton went on the attack last night facing off in a debate in brooklyn ahead of new york's crucial primary. the two candidates questioned each other's records with the former secretary of state clinton back hard on her decision-making. >> the people of new york voted for me twice to be there senator. [laughter] [applause] mysident obama trusted judgment to be secretary of state. matt: the debate was the first face-to-face sense the campaign moved into the united states where people had to the polls on tuesday. some of president obama's financial supporters have not projected to hillary clinton's campaign. about a quarter of the donors of the super pac that backed missed obama in

they stand for an id logical set of prince iples principles. in nevada ted cruz got four nominations, i believe he's going to be the nominee because he is more consistently with the ideological peck spectrum that is the continuing party. he's going to have a good couple weeks, he ain't getting close to 1237. >> trump will be the nominee probably for the opposite reason you say. why is every conservative radio guy basically for cruz? explain that culture to me. >> actually, they're not. the only guy that's come out actually formally is mark levine who has an enormous -- i'm very neutral. i'm switzerland. i don't endorse anyone. >> no, you said if trump's the nominee -- >> only on mark levine is he strong that way. those in the local markets who are long-term ideological conservatives like ted cruz because of his policies. >> i thought after wisconsin maybe ted cruz was going to be more popular among moderate republicans and polls are showing pennsylvania, maryland, new york, ted cruz is not brought in his coalition. >> kathleen, quickly, i think

pricing the ipl at the end of the market arranged with about you and the company is $1.8 billion.lion, as50 shares were sold at $19 million each. they are looking to the bats deal for the ipo market, hammered by stock market volatility. goneiles stock firms have this year, the slowest for the recession. pharmaceuticals working with investment banks to review options after receiving interests in a number of the businesses. according to a reuters report, the drugmaker has grievously assets,t the non-core seeking to pay down more than $32 billion in debt. the company is working to return to a stable footing after a disastrous eight-month run, dancing stocks lose almost none percent of the value. says the rally from the record low is not sustainable. speaking of the general shareholder meeting in london, he said that prices may fall in the second half, as new supply offsets demand in china. the second-biggest exporter of iron ore is set to report first-quarter production results on tuesday. that is your bloomberg business flash. anna: thank you very much. canada and t eu have stuck a

honestly, i would loving to upon to some of these people, but ipl also don't want to put them on t theyeah you see investigatorsns here and again if you're justoue tuning in, reports of a bomb inm this building where a man is ini custody talking to police and a woman companion his wife, girlfriend, someone who livesho with him has been rushed to gwdo hospital and we're told in gravr co >> just an awful incidentent regardless because of her statee but also what a rude wakening wn for all of her neighbors as well. okay. we'll wait for the developingorl details, bob. >> reporter: absolutely.epter: a >> thank you. >> reporter: you bet, guys. g >> all right. we'll take a short break.ke a s we'll have much more coming up u on this friday morning includini more on our live concert seriese and of course this is not theths only breaking news scene acrossn the area. we'll get you caught up on alln your headlines, too next. >> we mentioned we had severalno breaking news stories to get to this morning allison onest of te involves very own helicopter vte skyfox forced to make anorced ae emergency l

be a man, standup, if you take a beating, shake your head -- eight the opponents hand and though iple- even voted for ted cruz, it is over, the people have spoken, it is a delusion to try to think that, if you have 1000 1100 delegates and millions of more votes than anybody but you do not get the nomination -- host: that is walter from indiana which is up next and the primary races on the republican side. let's look at more of donald trump's victory speech where he talked about hillary clinton playing the gender card. mr. trump: the only card she has is the women's card. if she were a man, i do not think she would get 5% of the vote. the only thing she has going is the women's guard and the beautiful thing is, women do not like her. [applause] and look how well i did with women tonight. host: donald trump at noon will be delivering a foreign-policy speech in washington, d.c. you can see that on c-span's website, c-span.org. coming up next on the democratic line, jeanine from germantown, maryland. what did you think about the results last night and did your candidate win in your state?