send it to you, jonathan. jonathan: all right. thanks. minnesota lawmaker wants to truly make it a purple state. but not for political parties. >> to be born, raised and to live and give back to the community like he did and then to eventually die here, we were given a gift. jonathan: that was minnesota state senator karen housely. she is talking about honoring prince. the music legend died at his home outside of minneapolis last week. she is introducing a bill to make purple the official state color in prince's honor. governor mark dayton says he supports the idea. that is the thing about prince. he had given so much to the state of minnesota. one of the stars that could have gone anywhere. he could buy in new york or l.a. he kept his place of home, business in minneapolis. michelle: that is a great way to pay tribute to him by doing that. we'll be watching. all right. after two days scheduled off and two days that weren't, kelly this morning. >> i first want to honestly, sin veerly thank you for -- sin veerly thank you for welcoming me

jonathan: don't do that. just play. >> enjoy. jonathan: just win. robert: jonathan says just play. and win, too. home opener for the nats around the corner. they will host th double-header this weekend. scott abraham getting ready for exhibition baseball at nats park where little too much fun if you ask me. hey, scott. scott: hey, robert. you know spring has arrived when you see this, my friend. fans going through the turnstiles, open for business. the washington nationals back home after a very good spring in sunny florida. in a couple of minutes they will take the field to face minnesota in an exhibition contest. look at this video from earlier today. washington nationals taking part in batting practice. new manager dusty baker and the first year with the club. he knows the team can be special. dusty is a strong believer that success the team had in february and march will carry over to the early part of the season. >> great springs give you a great sense of the security and a great frame you want to win the first one out of the gate. >> we are not worried about anybody else. we

jonathan: jimmy kimmel is next.e a great weekend. >>> and now abc's jimmy kimmel live. >> dicky: from hollywood - it's "jimmy kimmel live"! tonight -- harrison ford, elizabeth olsen, and music from cam. with cleto and the cletones. and now, moving right along, here's jimmy kimmel! [ cheers and applause ] ♪

jonathan: see you then. tonight's rain adds to the roller coaster ride we have had over the weekend that left us no with the trees and the wires down across the area with the heavy winds. the real threat of the next wave is a freeze. kevin lewis looking ahead to what the big chill could mean live from germantown. for farmers, this one is crushing. kevin: absolutely, jonathan! recent 70 and 80-degree temperatures have called the cherry trees at the butler orchard to blossom. you can see the white blossoms here. the staff tells me if the temps dip below 32 they will likely die. the temps are expected to dip that low. less than 1% of the cherry trees on the property have started t the other crop potentially at risk are strawberries. 15 acres word alone at butler's orchard. like the cherry trees most of the strawberry bushes are in the early stages of bloom. no doubt the temps will be cold tonight but the orchard recorded freezes as late as may 15. the or chard co-owner is cautiously optimistic. >> they are stil

jonathan: thanks. alison: have a good time. jonathan: i'm so jealous.you can get a preview of what the new park is this year as what is going on inside. search nats park at wjla.com for that story. alison: now baseball fans all over the country getting ready to but one of the most passionate and the probably oldest fan out there lives in a convent in kentucky. her name is sister mansuetta martina. 102 years old and she loves the cincinnati reds. >> todd frazier. he was my favorite player. >> why? >> for the last couple of years. he's a real gentleman. a wonderful player. alison: sister joined st. ann con vent along the ohio river in 1931. she taught for 30 years and went to red games on school trips. she hasn't been to the park in year but she follows the team religiously. she hopes she lives to see the reds win another world series. jonathan: i have to believe after this story guess out like that, the reds will do the right thing. bring her to the park. give her a her watch a ballgame. let her throw out the opening pitch. alison: that'd be great. jonat

jonathan: thank you. right now d.c. mayor muriel bowser is getting ready to walk the street of neighborhood where a little girl was shot in the chest late friday night. it happened in 2900 knox place, a few blocks from garfield elementary school. diane cho is there live as the walk is about to begin. diane? diane: the mayor is going to hold a press conference first. as soon as that is over she will walk the streets out here in this community with d.c. police trying to gather more information about what unfolded out here on friday night. police say the 7-year-old little girl was struck by a stray bullet as she was coming home from dinner with her parents. police have been out knocking on doors ever since, canvassing the area to find out more about the gunman. they have been working around the clock since it happened to get to the bottom of the case. the assistant police chief says the little girl appears to be caught in a crossfire. the child's father's actions that night likely saved his daughter's life. >> t bleeding o

jonathan: this is cool.all week long we have watched crews put together to "jeopardy" set at d.a.r. constitution hall. kimberly: abc7 placed a work there for all the work. a week's work squeezed into 30 seconds. jonathan: that is how fast they work. kimberly: that is a "jeopardy" question. how long does it take to put up a "jeopardy" set? jonathan: what is a long time? kimberly: yes. they start taping tomorrow several sessions to the middle of next week. jonathan: what is it like for the man with with alex trebek. brianne: the stage is set. the final preparations are underway for "jeopardy" in d.c. today, abc7 was there as host alex trebek walked through the show's new home for the upcoming week. trebek who hosted the show for more than three decades says he feels an added level of excitement when taping in the nation's capital, particularly in an election year. over the next five days he will host power players, teacher and team tournament in front of a crowd ten times the size of the audience in los angele

jonathan: thank you. new developments in the baltimore school officer videotape slapping a student in march. attorneys say that they now have dropped the felony child abuse charge against anthony spence. you remember the video? he is slapping this kid. once, twice, kicks him. well, he is still facing charges of second-degree assault. a second school officer seen on the tape there if the is baes. she is facing the same charges. they were both arrested after the recording showed apparent assault of a 16-year-old student released on social media. well, today, belgian police released new video in the third suspect of the deadly attack on the brussels airport. show you the video now. this footage showed the man leaving the airport after the attack. even picking up the pace as he starts to run. this is the same man shown in a previous picture taken at the airport before the attack. also in the war on terror, iraq forces now are making progress against isis. perhaps on the verge of taking back mosul. alison: wel

jonathan: really? doug: greedy people! jonathan: fine tuning.oug: looking live at the capitol wheel. sunshine all over the place. the winds are light. it's cool. this time of the month of april should be 66. we are lagging behind. but this is just fine out there. the clear skies will continue tonight. check out the area temperatures. not a lot of warm spots at all. 59 will show up in fredericksburg. charlottesville. 55 in baltimore. 57 in the nation's capital. another great night for baseball. the nationals are hot! even in the cool weather. skies will be clear. temperature at first pitch is 55 degrees at the park. we will stay clear. so you are headed to the park tonight. a jacket. chill in the air as well. there is patchy frost from sunrise. frost advisory from upper montgomery, loudoun, northern fauquier and the rest to the blue ridge and the valleys. that is what we have tonight. i could happen again tomorrow night. low 30's in the western zone. mid-30's closer to the city. not much in the way of features. high clouds coming by. under the co

michelle: we'll b back to you, jonathan. jonathan: thank you. virginia school policy banning a transgender student from using the bathroom from the sex he identifies as was ruled as discriminatory. a three-judge panel agreed with the federal judge's ruling and overturned the glouser county, school board policy. it affects every state, including maryland, west virginia, south carolina and north south carolina. coming up later in this hour we have a look at the impact of a similar ban in north carolina. michelle: we are monitoring a developing story this afternoon after amtrak suspended service along the northeast corridor due to a brush fire near new york city. service was just restored about 45 minutes ago. thick smoke were sent across the tracks. no injuries. jonathan: same worry here, too. it's been dry. loudoun co fire warning after the dry weather. check in with chief meteorologist doug hill if there is rain in the forecast. i would come in handy. doug: it would but it's not coming in until late thursday and friday morning. i will show you a

jonathan, back to you. jonathan: thanks, leon. a wrap for members of the maryland general assembly for this session. legislators adjourned late last night. actually at midnight. this is after weeks of work. today, governor larry hogan signed more than 100 of those bills into law. one bill, though, he has not yet signed. that is noah's law. it is named for leotta who was killed in a traffic stop last december. that bill requires people arrested for d.u.i. offenses to get ignition interlock devices installed on the vehicles. well, it means if they drink and blow into that thing, they can't start their car. maryland bureau chief brad bell will have a complete wrap-up of the legislation session at "abc7 news at 6:00". michelle: just when you thought we could settle in a nice pattern and ease into spring, yeah, it is supposed to be spring, right? jonathan: nothing has been easy this year. doug hill is here with what you need to know about a frost advisory tonight. we had snow last week and now a frost advisory. you are covering all the

jonathan: thank you very much. after meeting with montgomery county residents, there will be metro riders advisory council tonight at 6:30 p.m. at metro headquarters in downtown. the conversation is expected to last half an hour. michelle: a cool clear day coming to a close. rain on the way tomorrow, but will it clear out in time for baseball. doug hill is here with the forecast. doug: we could get some brief sunshine in spots but we have to keep our eye open for the rain. normally for december, 55 is a bit cool. 55 at andrews. clouds increases evening, 44-51 by morning. this frontal zone brings rain, and it could be steady and heavy at times, especially late morning. skies may brighten, but by gametime scattered showers and thunderstorms still possible. michelle: thank you. developing in baltimore, a massive fire at a community center. it was empty at the time. several blocks were closed off to traffic. this is north and west of the inner harbor, and so far no word of injuries. police are investigated the ninth re

jonathan? richmond the virginia general assembly deciding whether to veto governor mcauliffe's proposal to keep secret the name of the companies providing drug in lethal injection. this is to take place of a bill that the governor vetoed that allow the state if and when they could use the electric chair for executions. so far today, lawmakers rejected mcauliffe's proposed changes to the ethics law. they upheld the veto of a bill that would have protected clergy and religious groups for penalties for opposing same-sex marriage. the house overturned a veto of a bill to prevent local government fromremoving civil war monuments. all veto override must pass both houses by a two-third majority. michelle: michigan attorney general is promising more charges after investigation into the lead water crisis in flint. today steve schuh announced -- today they announced charges against three people. we have more at 4:30. damage from the wildfires in shenandoah national park that reached more than 4,000 acres

jonathan: important question. have had so many people come and they would say, 25 basis points does not matter. this is a picture is market and economy so geared towards low rates, it's the idea that they can't get a tightening cycle towards anything that looks like a normal rate historically. they just cannot get away from beginning hike. mentioned 25 and that deals with the spread. the other issue is the level. the third piece is that in is thehe base rate lowest negative rate. the positive is the highest. in the u.s., it's the excess reserve. in europe, it is the lowest. 25 basis points adjusted on either side is a monumental widening of spread. jonathan: david kotok is with us. join us at 1:00 p.m. eastern in new york. let's cross over to vonnie quinn. the presidential front-runners have a chance to win five primaries in the northeast today. the only oneis left in the republican race who can reach the number of delegates needed for the nomination. he could win the rest of the primaries and still come up short.

jonathan? jonathan: metro new general manager went to montgomery county for lunch with the county board. this is paul wiedefeld's first meeting with the full board. our brianne carter was there as well. joins us from the bethesda. is he serious for closing it down for six months when he talked about the blue line going down for repairs? brianne: jack evans mentioned that last weekend. today the general manager addressing it head on. he said from this point from what he sees, he does not think there will need to be six-month closure to address on maintenance and the safety issues as well. paul wiedefeld was meeting with the montgomery county uncil today in a meeting scheduled to happen during the blizzard. when there was a shut down of the rail system. he said changes are likely to happen moving forward how they address safety issue and maintenance in the system. mr. wiedefeld addressing one thing. there may need to be track closures between the stations and the bus bridges between the two to ge

jonathan? jonathan: it would be nice to get through a newscast without talking about the metro but we haven't been able to do that lately. today is no exception. on the red line today, one issue after another. trains had to bypass friendship heights after an insulator caught fire or there was smoke. something happened there. this is the same stretch of a red line where part of a rail car set off smoke when it hit a third rail over the weekend. what is behind the mess? transportation reporter brianne carter takes a much closer look for us. brianne? brianne: well, jonathan, take a look here. right now you can see the escalator, the stairs. they are open. the riders are free to come and go. a much different situation than it was this morning when there were tense moments again here along the red line after another arcing insulator caused smoke in the tu near this station here at friendship heights. while no one was hurt, riders say they were evacuated from the station after seeing a small fire off

jonathan: thanks. police in southwest are looking for a man who stabbed a senior at wilson high school. that happened this morning. it happened right behind the school. police say the s and was approached by a guy they say was trying to rob them. the senior put up a fight. and was stabbed in the leg. he is expected to be okay. michelle? michelle: new developments in the case of underage drinking that spilled into the front yard of a home. montgomery county dropping more than a dozen charges against a father accused of letting teenagers drink in his home. montgomery county reporter kevin lewis broke the story of his arrest first on 7. now he explains why the charges are being dropped. kevin: this is the multimillion dollar bethesda mansion where police say kimiavy hosted a high school drinking party. cops say a number of teens were boozing on the home front lawn. the youngest party-goers 15 years old. so investigators pinned 13 counts of allowing underage possession of alcohol against the owner. he face

jonathan: all right. the university of buffalo may have sent a number of high school seniors on roller coaster ride of emotions after they made a major gaffe. this is no fun. school spokesman says they accidentally sent 5,000 perspective students acceptance e-mails when in actuality the application had not been received yet. the school sent a second e-mail through to four hours later apologizing for the mistake. the students now are still being considered for acceptance. ouch. michelle: update now on a story that swept the internet. remember the online poll to give the state-of-the-art research vessel a name? boaty mcboatface won in a landslide. it wasn't even close. more than 7,000 people opted for the silly voting. britain's natural environment council doesn't have to stick with it. they could do away with the online poll result. altogether, whatever the name is, though, the $300 million vessel set sail for antarctica in three years. jonathan: if they go with boaty mcboatface that will be a christening

jonathan? jonathan: now to the story that has become something of a where were you when you found out moment for generation. 10:07 yesterday morning in minnesota, that was the moment musical icon prince was declared dead. an hour ago, authorities went before the microphones updating the investigation into the "purple rain" singer's death and they didn't have a lot to say. a little but not a lot. adrian banker joining us outside of the recording studio in paisley park in chanhassen with the latest. reporter: mourning the death of an icon. by celebrating the music that was his life. >> ♪ tonight i'm going to party like it's 1999 ♪ >> prince's fans paying tribute. >> this morning we played "purple rain." reporter: as police now discuss their investigation into what caused the 57-year-old to lose consciousness in an elevator at his home near minneapolis yesterday. >> c.p.r. was initially started. but was unsuccess he was pronounced deceased at 10:07. reporter: the sudden death follows a scare in at

jonathan: let's hope it does not come to that. much more on the game, including highlights and reaction from players, coming up later in sports just building suspense. coming up -- an intense manhunt in ohio after eight family members were murdered. the horrifying investigation and the police search for the killer. jonathan: a consumer alert for fiat owners. a big recall. jonathan: terrifying developments in ohio, and active manhunt after eight family members were found shot to death , and the police say these were execution-style killings. victims, a mother killed right in front of her four-year-old child. the police are the hunt for a cold-blooded killer and any possible cutlasses. >> -- any possible accomplices. >> there is a strong possibility these individuals are armed and extremely dangerous. jonathan: the crime scene, a gruesome massacre in rural ohio. aght people, including six-year-old boy, found dead, separate homes. three small children, including two infants were spared. the police believe that all the victims were re

jonathan: thanks. fans were flocking to paisley park as the news of prince's passing spread. some holding each other and others crying. others took to social media to express condolences and share the pain. horace holmes picks up the team coverage with the newsroom from that part of the story. so many performances that he put out there, including the super bowl that was epic. great stuff. horace: one recently in june in washington, d.c. people have been posting about that. social media is abuzz. 4 million tweets on twitter. banjo captured half a million posts. it's one of the top trending items on facebook. look at the responses. "when doves fly." this is a picture of prince and michael jackson. see if we can get it to m here. well, i've got a few more. i will come back. right now is not operating the way i would like for it to. people from all over the world and all over the area. warner theater last june -- here we go. the american history museum put up a post talk about prince and his life. this is

jeff: he did, jonathan. the chief was angry, emotional, he was passionate when talking about this blog site. fairfax underground. the chief not only asking the operator of the blog to remove any post with mentions of the name nicole mittendorff but also asking the operator of the blog to shut it down completely. chief richard bowers today at the news conference saying he is investigating whether or not any members of the department wrote the posts on the concerning nicole mittendorff. the anonymous posts part of a thread for the fairfax firefighters are critical of mittendorff's personal action and behavior. chief bowers says he does not know if the online activity contributed to mittendorff's suicide saying that is part of the virginia state police investigation. the body of nicole mittendorff, 31 years old and three-year veteran of a department found last week in the shenandoah national park after she had committed suicide. a suicide note was found inside her car. chief richard bowers saying he does not kn

jonathan: thanks. the defense department says 16 member of the military have been punished for mistakes that led to last year's bombing of a civilian hospital in afghanistan, which killed 42 people. a number of those punished are u.s. special operations forces. the punishment come in the form of letters of reprimand or suspension that could end a military career. a full report on the investigation is expected to be released sometime by the pentagon on friday. all right. turn the attention now to the weather. one of those dreary days. nothing like this, though. doug: this is to take a moment, anniversary date. on this date, sunday april 28, 2002, when ef-4 tornado went through la plata, the county seat of charles county southeast of washington. it was on the ground for 64 miles. moving 58 miles per hour. almost a mile a minute. hard to prepare for. three people were killed. 122 injured. by the time the twister moved out like five minutes after it businesses destroyed. the second strongest tornado ever m

jonathan? jonathan: all right. thank you very much. coming up next at "abc7 news at 4:00" -- how you can avoid getting ripped off on ebay even if you do p three things you must do before paying up so you are not hung out to dry on a bad purchase wrely on the us postal service? because when they ship with us, their business becomes our business. that's why we make more e-commerce deliveries to homes than anyone else in the country. here, there, everywhere. united states postal service priority: you john: shop on ebay? warning about deceptive sellers who claim they ship things. or issue refunds. but in reality, they don't. bob masters was looking for some tools and found an ebay seller in china selling some for well below hardware store prices. so he ordered a couple of items but nothing ever showed up. >> i filed a dispute with ebay. they offered the seller -- the seller offered to send a replacement. john: but then the replacement for the lost tools failed to arrive as well. >> neither the first item or the second item showed up. john:

jonathan: exactly.nt, we have banks and the story in wall street so far this week has been increased cost cutting and they have no control over a cyclical over thent and ceos last corridor are engaged in expectation management. is that what continues through 2016? expectation management and say, it is not us that the environment? we can handle it and cut costs? hugh: the only lever they have is to cut costs. scott: i think we will be in a world where the industry continues rationalization and someday we will find a bottom, but it might not be this year. david: i would like to compare four different banks that reported earnings. we could have a comparison about their price to book as well as the return on tangible equity, which is interesting to look at. that is how they are trading in the market. if you put up the chart on return on equity, there we go. that is price to book and not returning equity, but that gives you a sense. atls fargo is the white line the top, green is jpmorgan and the blue and pur

jonathan: this unfolding in takoma park. one of the victim was found lying in blood near the apartment lobby. search for what triggered the violence. tom roussey has the investigation happening now. on, the actual crime happened nine hours ago, but right now police tape is still up in only some of the residence of the cambridge apartments have been allowed back inside because there are multiple crime scenes, one on the top floor, one on the lobby. >> i heard noise in the hallway. did notffin moore think much of it until he looked out his window a little later. >> i saw officer standing out here. about 2s happened at p.m. when they arrived at the cambridge apartments, they found a man bleeding on the first floor, near the lobby and elevator. they went to the fourth floor, where a neighbor said in this apartment they found a 36-year-old woman stabbed. she later died. this woman who asked us not to show her face told us in spanish he lives on the fourth floor an building in neighborhood, but not on this day. i saw a giant blood

jonathan: but it is pretty dire.n that is down, well over a decade at this point. is a you really need to turn around regardless what happens to the debt. we don't provide advice on restructuring. but the bond prices are very low , reflecting the long-term affordability for the full debt is not there. to be restructuring on this in order for the government to avoid -- matt: one of my favorite , gives you a3d picture at the curb. areas are 35% or more yield, even though the blue are 6.4%.h are low if you take a look at this, all of the action is in the front end of the curve. you can see here, five years back, the front end of the curve gets over 35% and started 2015.g there back in inserted recovering for little bit, but -- he recovered a little bit but it is going back. this is a cool function. this: let's go back to how gets resolved. they don't have enough money to pay all of these bonds. something has got to give, get a haircut. you said it beautifully. there is movement in washington to consider resolving this.

and jonathan lost me right there at the very end.eeing with him on everything up until the very end where i do think that it is -- the sanders campaign and senator sanders himself, they have a choice to make moving forward. if they want to continue to hurt the party and hurt our chances of winning in november, then they can continue with these character attacks because let's be very clear. the issue that jonathan brings up is a character attack against secretary clinton because senator sanders and his campaign have never been able to point to anything tangible that would prove any connection to the connections that they're trying to make between her taking money from wall street and her speeches and any kind of position that she has changed. so they're impugning her character, they're impugning her honesty. what we have seen in new york and in the other places, all the primaries and caucuses she has won is that that is not something that voters care about. they want to talk about the issues. so let me go back to something that jonath

jonathan: thank you.ascinating. up next, we count you down to that ecb decision. just 24 minutes away and the news conference that follows. 1.1320the euro-dollar at . ♪ jonathan: this is "bloomberg ."o> ahead of the open, counts you down to the ecb. let's check the scorecard. futures and european equity turning out a little bit lower. the euro stronger going into that ecb decision. let's cross over to matt miller. it gold mayts say rise to as much as $1400 an ounce over the next year, a concerned about the efficacy of the bank policies. i thought this was apropos. up on most 20% already, it moved to negative rates and now, it appears to be kind of on hold. the expected range from fully on from their notes next year, was 1150 to 1400, keep that in mind. pimco says not to expect a big ecbct on markets from the today, say mario draghi may backpedal from his march message and indicate rates are still part of the toolbox. and analyst said she recently turned her exposure to italy and spain as valuations are le

jonathan: thank you for your time.elevision, i am not sure if we are happy about that. what will this mean for crude prices coming up? ♪ david: the bank of england is keeping interest rates on hold, concerns about whether written will leave the european union affects the decision. you economists permit -- few economists predict a rate increase. airline's sake fuel cost savings overcame the softer demand, with the brussels terror attacks and the week foreign currency. $1.33 for fuel in the first quarter compared with $2.93 a year earlier. the obama administration having new regulations on offshore drilling. this costly requirements for coastal wells and the emergency equipment meant to limit environmental damage. comesell-controlled rule six years after the deepwater horizon blowout in the gulf of mexico. much thank you, the oil surplus would going to 2000 barrels a day down from 1.5 million. we have the reporter at large, great to have you at this program. you put together the news in the prospect of a freeze of output

jonathan: you can walk.re in the balance sheet, it has continued to expand but stocks have fallen and the yen has strengthened. does it show the limits of the ability of the doj to do what it is trying to achieve your? i think it goes back to the argument about to not fight the federal reserve. whether or not it is fighting everyone takes, steps forward to hike and that is why it matters on the dollar- yen trade on the other side, so regardless of whether the balance sheet of japan continues to did this, the dollar-yen tracks lower and coming back to 110. seemingly, thatcher janet yellen doing more to that japanese equity and trade. julie: and governor kuroda, will he be doing more to fight the fed? clearly see a cut further into negatives in japan? that is something that is being talked about. jonathan: seven-day losing streak on the nikkei to 25 in the dollar yen around in october 2014 low. you, julie hyman. coming up, america's managing director mike mayo on the state of affairs in the banking industry. f

jonathan: it is.t will not work to pay banks a negative rate, why not try the opposite? where is banks borrow, they receive a negative rate. david: sort of a carrot and stick. exactly. escatly -- they are not really passing it through to end-users. so it hurts the banks and hurts risk sentiment. you saw markets when the bank of japan when negative on the deposit rate. the yen rallied -- markets did not like it. so rather than try to take your rates down and weaken your currency versus everyone else, tried to make it easier for the banks and cost less for the banks to lend in the real economy. say toit is one thing to a bank that you ought to loan. talk about the mechanism, which does not seem to work well. jonathan: that is going to be a challenge in europe, with the policy they are putting up with the tltro. it will be a challenge of the bank of japan goes through with it. central bankers are saying we need to get inflation to the 2% target. big way missing in a and going in the wrong direction. they

jonathan: i apologize. john: crazy name. jonathan: can they really intervene?y are stuck in a position where they find it difficult to make anything work. they keep on waiting and try and for the japanese government to do anything and they are just jumping around. david: i am curious about the relationship into what is going on with the economy and stock market because the more they try to simulate, the farther down equities go. does that make sense? because asteresting we got desensitized to the various new rounds or forms of monetary easing and we went from there to europe and now is increasing talk about helicopter money and monetary financing, well the japanese are already doing that and the yen and the nikkei is down some 25 percent from highs last year. it shows how difficult it is to grow in your population is aging and you have too much debt great i think that is what the japanese are fighting. stephanie: does it also showed the boj is running out of ammo and could we say the same thing in europe if they are? back january,u go february when the markets

jonathan: thank you so much. of people said it would take it while nothing happens with congress anyway. david: that is why would he said was right. he has had the experience. look at the way our congress works. carol: yes, everything takes a wild. it is time for the econ recon. carl riccadonna is going to take us through this. we have the gdp coming out this week and you have dated today? carl: yes, we start with new home sales. we should have some rebound but the focus is on the developments into this week. we get the last data point ahead of the statement which will be verbal goods on march. the reason we focus on that is because a lot of these surveys are showing some improvement in the sector so there are hints of green but we have yet to see it in the hard data, data like industrial production or factory orders. carol: but you and i have this conversation all the time. we are a service led economy. carl: the manufacturing sector is very important. it is tied into manufacturing, we should not get rid of that

dan: it is a big number, jonathan.talian treasury officials like to say that number is a gross number, not that, and it does not -- not net, and it does not reflect the rate of growth of nonperforming loans, which fell slightly in february. the italian version is simply that it is under control, but they are facing these requests constantly from the ecb and regulators to improve the balance sheet of banks. so they are trying to find a solution that addresses both the concern of reducing this and atn of bad loans, the same time providing capital for the capital increases that they have requested of them. liefgreen in milan, thank you. well done. blackrock's ceo issues a warning over the central-bank's negative interest rate policy. coming up next on "bloomberg ." ♪ jon: this is dan "bloomberg

rishaad: thank you, jonathan. jonathan there in sydney.t's look at the stories making headlines around the world. investigative journalists are saying a new data leak reveals were leaders and politicians and celebrities hiding money in shadow companies. this is the result of a panamanian law firm, which denies fostering illegal acts. protect theey would dignity of vladimir putin, after claimed to million dollars in transactions are related to his associates. more pieces from the missing malaysia airline has potentially wash up in -- washed up in the indian ocean. 2 parts found in mozambique are almost certainly 370. nmh the plane disappeared almost two years ago. about 800 passengers in our apart from kuala lumpur, less than 20% of the usual capacity. discontinuing its flights until next year to brussels. you're watching bloomberg news. rishaad: coming up, the philippine bank heist investigation is shifting its focus. nila after ao ma very short break. ♪ rishaad: now, having a look at the philippine senate situation, and $18 million i were

jonathan: there you are.sticking with us right here on "bloomberg ." much more ahead. a look at a stock that is really on the move. , this from a company that has lender consent. we are counting you down to the market opened. ♪ vonnie: you are watching "bloomberg ." fewer americans than expected filed claims for unemployment benefits last week. 267,000, 900 fewer than the week before. it has stayed below 300,000 for more than a year now. xiteywell international may e its business that makes manufacturing nylon. the business earmarked for investment carries an estimated $150 million in profit. -- valiant pharmaceuticals easing restrictions on its loan tax. the drugmaker is trying to rein in its $32 million debt. therefore will be extended to may 31 as the deadline for filing the first quarter reports will move to july. right now, stock is up almost 7.5% in premarket trading. jonathan: 15 minutes away from the open. futures ahead of the open, we are still negative. as of the -11 points. peel back the in

jonathan: thank you.ng meeting in london, we are taking a look at aluminum. i am in london and allowed to do that. china is leading the u.s. union following the tax on imports. the director remains bearish and joins us now. great to have you with us. there have been a series of cuts we have seen cuts to supply around aluminum as well. you don't think we will see twoe continuing stability effect to go much higher? >> the u.s. producers have been under pressure and not benefiting from the dollar or the e.m. currency weaknesses in other regions. we have -- we did see cuts in china, 14 biggest producers in china announcing they were going to take 4.9 million times the annual capacity off-line. he sought production coming down in china in january and february, shine have prices -- shanghai prices rose sharply. , onthan: just to get a grip this program, i say we are expecting cuts. we see what is done is done, but it takes longer. talked to about the process find the cuts. david: you cannot say one day, i'm cut

jonathan: a big thanks to john foraher.ley are climbing after profits beat estimates but trading revenues fell less than expected. the 54% in fixed income revenue was expected given the business cuts. it is very difficult to get a read on what is actually happening, inc. to bank. that what is clear is that it is a cyclical environment that isn't in their favor. the ceo will be more effective with cost cuts if revenue falls. what is left to cut exactly? >> there is always got to cut that the focus, as you pointed out earlier, was the fixed income business across wall street is struggling. it is a liquidity story, a story with credit markets freezing and a lot of overindulgence in era.t during the qe so that is really a problem for the banks who have built up huge businesses in underwriting corporate loans and debt. and finding the new equilibrium which is probably less than that a where we will not go as high as that. vonnie: so where do they turn to grow their business? we have the huge corporate deals. we are not sure if t

jonathan: you are right. nickname. kimberly: c.j. jonathan: "the big smooth." leon: that is what he was. thanks. kimberly: coming up at "abc7 news at 5:00" -- the local clinic reaching out to those in need whether they have insurance to pay for it or not. coming up, how you can help curators learn what americans knew about the nazi persecution before and during the holocaust. leon: then coming up new at 6:00, a frightening close encounter with a shark. surfers say it's not the first time it has happened either. information to keep in mind if you are planning a beach vacation coming up ahead at 6:00 tonight. steve: i'm steve rudin. the weekend is here. let me tell you, it will feel more than winter rather than april. looking at the temperatures tomorrow for the nationals baseball game. only in the 40's. windy with scattered rain and snowshowers. stepping out, show you the d.c. united game on abc7. temperatures fall through the lower 40's. stay with us. you're watching "abc7 news at 5:00 narrator: all that political mail mlet's simplify.lming. only one candidate

. >> absolutely, jonathan papelbon having some trouble today. phillies fans smiling and having a good time. they loved it today down in south philadelphia. phillies all time saves leaders is not welcomed in his old home. jonathan papelbon booed to his return to citizens bank park. the just like the last time he was here freddie galvis gets to him. what a party for phillies fanatic today. it comes with cake and a surprise ending with the nationals. second inning carlos ruiz, just the second home run since last july. phillies up one to nothing. jonathan papelbon looks like he was on vacation. he may want to wake up. tied at one in the tenth, jeanmar gomez facing bryce harper. record sixth straight home run. solo shot. down by one. harper tries to silence the fans. never. papelbon comes in down to the last hour, andres blanco pinch hitting the other way. here comes peter. jason werth's throw gets away. still tied at two. next batter freddie galvis who homered off pap last time he was here. this time it is deep to left. werth cannot get it. ballgame

let's start with jonathan kozol. your education story. >> i began by going to harvard college majoring in english which people said would be useless in the real world. i love literature, could have spent my whole life writing about metaphysical poetry, john donne and elizabethans. by some fluke i won a rhodes scholarship, went to oxford, got bored they're actually and so i moved to paris, fortunate that some older riders took me under their wing. one was probably only a few of you will remember, a wonderful writer named james jones who wrote to the world war ii classic from here to eternity. james baldwin was there and other writers. i came back to the united states in 64, and suddenly i heard the voice of dr. king on radio and tv. it changed my whole life. the from cambridge into the black community of boston and started teaching. i actually -- the end of that year since all my students were black, almost all of mm-hmm, there was no black literature at all in the curriculum, i brought in a single poem by langston hu

jonathan: thank you.talk about the bank of japan. ♪ david: the yen is surging against the dollar after the bank of japan holds off on adding more stimulus. carol: the u.s. economy growing at the slowest pace in years. -- posted earnings that blew past expectations. ♪ david: we are just under 30 minutes away from the opening bell. this is bloomberg go. i'm david westin with carol massar and jonathan ferro. jonathan: futures deep in the red. off by 128 points on the dow. on the s&p 500, -12 points. the nikkei 225 closing lower by 3.61%. the boj does nothing. dollar yen plunges. down by 2.8%. heading for the biggest one-day drop since august 2015. initially it was a rally. that upsome of now. look at crude very quickly. up .71%. more than $40 billion worth of deals this morning and a big chunk. matt: more than 60 s&p 500 companies coming out with earnings. facebook it is one of those that has come out with earnings overnight. opening at a record as it blew past estimates with revenue up 52%, profit up 327%.

i'm jonathan ferro alongside stephanie ruhle and david westin. david: we have with us morgan stanley strategist adam parker. stephanie: we are going to be talking equities and we have to talk about francine lacqua's sit down with christine lagarde. we have got to talk about ncaa basketball. what a win, villanova. the team campton, new york city boy, dalton. you think we do not have athletes in this town? huge. jonathan: no time to enjoy that in the markets this morning because it is deep red across equity markets. equity markets down in europe. 1.36% on the ftse 100 with a miners leading losses. s&p 500 futures negative. switch of the board to japan. dollar-yen, down by .9%. three years and a day since the kuroda experiment began. yields in germany. you have to go to two decimal places just to get one. to thesis points -- days where yields were around five basis points. wti down to $35.64. what is happening in the markets. stephanie: i want to give you a quick headline crossing twitter. really getting big and the content game, far fiat -- beyond

someone like jonathan goes oh, no problem with that. these delegates are such a moral, not corruption system and the establishment, they're focused on doing the right thing. hogwash. >> now you know why it's so good to be a delegate. >> it's always good to be a delegate, always good to be on the rules committee. if you set the rules, piper calls the tune. but i'm telling you now, two thing, one, donald trump is in position if he doesn't get the 1237, but if he's within 100, 150, maybe 200, he can get this thing. that's why it was news this week when you heard a member of the rules committee say donald trump may not need to get to 1237. the second point to be made here, there's a a fight going on and cruz winning that fight in terms of persuading people to pledge allegiance to him if there's a second ballot at the convention in cleveland. hard, good work and i don't know how he's goidoing it, but he's doing it! can i quickly make the point, and ra talks about antiestablishment. you know, donald trump has a history of bribing politicians.

jonathan: in school we study history.1, bill dawson lived it. >> everything we did was classified. jonathan: at 17, the united states was fighting in the second world war and dawson's friends were enlisting. >> i just got it in my mind i wanted to go with the rest of them. i took a day off and enjoy id the navy. >> he was among the first frogmen. underwater demolition expert. a book is written about him and his team. before they were seals they were frogs. on the cover, that is dawson. >> we participated in 12 invasions. we went off in new guinea to philippine. we come out of it in one piece. jonathan: when he came home he joined d.c. fire and served 25 years. >> just an honor to know him. jonathan: the lieuten to celebrate the 91st birthday with his firefighting family. >> we owe a lot to the generation. they are sadly leaving us. it's a pleasure to know bill, talk to him and hear his story. >> not to brag about it. what we did we were trained to do. we did a good job. alison: he is considered the grandfather of the navy

jonathan: this is "bloomberg ."ity of london. ,s the session once down joining us now alongside david ovitz. is david leb the bases are loaded ahead of the u.s. open and you hear the opening bell. futures are little bit high and we are just rolling on the session a little bit though. up 4/10london, the ftse of 1%. i will bring up the scorecard in other asset classes. 10920.lar yen higher at contract,the print about 1.5% up. let us to pick back a little bit and get to matt miller. matt: i'm looking at earnings gains across the board. the s&p 500 up 2/10 of 1%. you saw the dow switch down to a drop of 31 hundredths of 1%. the nasdaq is still a gainer. if you look at my bloomberg, i have the imap up divided between winners and losers. we see all green here as far as the 10 industry groups. you only see a touch of red nit and consumer discretionary and consumer staples. health care, which is odd, because in health care, you have some really positive names. you have unh, which did well. you had j and j, which beat earnin

jonathan: it is not looking good.are looking at low returns and a market that is incredibly correlated. where do i go for a non-correlated return? in a world of nonmonetary abundance, you are exactly right. the return looks disappointing going forward. ratios are high and margins are high. andeturns with duration fixed income are challenging. so we believe that if it returns you havence reforming, to scope the portfolio from the bottom up. if the problem is monetary abundance, focus on the assets that are here. we try to find individual businesses that have the capacity to generate cash flow, whether it is companies like -- in japan that has a strong position in mobile and broadband networks or oracle in the united states with a 7% free cash flow yield and a strong maintenance revenue or even heidelberg cement in germany. they have a high free cash flow generation. it is finding those businesses right-a-kind with the free cash flow yields that make sense in this environment. if you want uncorrelated returns, you have