that's one of the reasons why kkr's shares are down so sharply today.he company called the quarter volatile, bumpy and said we are in an emotional market right now. not even the smart money at kkr is immune to that. >> definitely numbers to watch today. thank you. >>> let's get over to rick santelli and the cme group. rick? >> thanks, carl. you know, it's just hard to back into growth. central banks can try to act like legislation, where we change the landscape from a fiscal side to something more presentable to business and entrepreneurs, but backing into it, real difficult. think about things we do indirectly. if you have a manual transmission car and it won't start, you can push it, pop the clutch and maybe it will start. that's kind of like what many central banks are doing and that's their strategy regarding the economies at large. over the weekend the big news, record debt in china. so when it comes to china, the sustainability is the issue. we all know if you have enough money, you can buy stocks, guess what, stocks go up. but if you are betting

. >>> private equity firm kkr reported a loss of more than $300 million last quarter. this as the firm's biggest investment first data corps continues to struggle. kkr bought first data back in 2007 and maintained a large stake in the company after bringing it public last year. shares fell about 3% to 14.49. >>> and restaurant operator bob evans farms says it is planning to close 27 locations and lay off 1,100 workers in a move designed to increase profitability. the company does say it hopes to relocate as many of its employees as possible and said it expects to take a charge of up to $8 million related to the restaurant closings. shares down a fraction for the day to 46.95. >>> halliburton will delay the release of first quarter earnings until may 3 as it nears its april 30 deadline to get approvals to complete its merger with baker hughes. separately the company halliburton said it did lay off 6,000 workers in the past quarter. shares of the oil services company dropped nearly 2% to $40.04. >>> a big buy-back to tell you about at honeywell. the company intends to bu

kkr missing estimates as well.irst data, the payments process are coming out with earnings that beat estimates. are higher. missing estimates in part because of its stake in first data. the shares have not performed well since the ipo. on the been tracking ea bloomberg earnings analysis. right now, looking for 134 of the 500 companies within the index that have reported them. as we take a look at what we have seen thus far for earnings and sales, holding pretty steady . still he decline of .6%. earnings per share down about 8%. we still have a long way to go with these earnings numbers. i can only imagine when gathered around the table beorrow, one thing they will look at is the weak dollar in today'session. >> right. that is something a lot of investors have been talking about playing to earnings season. still talking about the currencies. here is the board of the euro gaining today. the pound is gaining as once again, the key to u.k. in the eurozone. investors are weighing the bank of japan potential action later

we have seen other areas and kkr is the latest can announcing a vehicle of the point five $3 billion. spoke with a head, jimmy once time, earlier -- jamie weinstein, earlier. if you are looking at oil and gas, we think it is too early. we think the pricing of the assets and credits does not yet reflect the much lower for longer environment in oil prices , so we have to wait and we have waited. alix: what do you think about that? csi for the public asset and the largest assets, but as you mentioned, there are companies that are getting their capital pool as we speak and over the next six, 12, 18 months, the opportunities will develop your you have to be on the ground to take advantage of them and now is the time you're supposed to be looking at them. alix: looking at more private companies, then? ashish: i think we're looking at a mix of the 2 and there are opportunities in the markets, bonds rallying 20, 30% over the course of last month. those are still tactical opportunities. they are not the longer-term strategic opportunities. alix: is there a price where you say all something tha

the little guy or retail investor who cacan't giva huge chunk of money toto private equity outfit,t, kkrckstone is publicly-traded. there are etfs, we just sho them, that comne a and coalesce names together. that is popossle way. what is number one chararacacteristic quickly the h do what they invest?t? >> so the ththing that is consistent amongng across our ininvestors is they invest in busisses in n areas they know. [closising bell rings] investst in industries they're miliar with. liz: that is buffett way investing. there is the clolosing bell. dow stilill under 18,000. david, m melissa, pick it up wih "after the bell." dadavid: stocks closing in the red. i'm david asman. melissa: i'm melissa francncis. this i is "after the bell."" new at this hour? nope? all right. donaldld trump set to take the stage e in west chester, pennnnsylvania. the keystone state p playing a major role in ththe five states primary. a crucial win for trump on ththe way to securing his ninination. meanwhile d d cruz and john kasich announcing a unprecedented atrtrategy. teaming up to try to revent

on the corporate front before the bell, we get results from halliburton, kkr and xerox to name a fewfter the closed express scripts are set to release earnings. on the economic front, tomorrow the two-day fed meeting begins and we'll get the post-meeting analysis on wednesday at 2:00 p.m. eastern time. there's no news conference in this one, have u.s. the statement and the announcement with no change expected in terms of policy. a lot of data to watch out on thursday, gdp, gross domestic product expected to slow the most in a year. we will also get personal income and spending numbers out on friday. >>> and another busy week for earnings. tuesday, apple reports along with dupont, proctor & gamble, at&t and chipotle. a lot more including boeing and facebook on thursday. that's the busiest day of earnings season. ford, amazon, will be releasing results. and then on friday, chevron and exxon will be the ones to watch with lower profits expected on the back of lower oil prices. what will they say about the outlook? >> lots of earnings to focus on. saudi arabia is expected to announce a c

much more coming up with kkr's h global head of special situations.can happen when the fed eventually raises rates? what can happen to burst that credit cycle? we will be right back. ♪ jonathan: coming up at 11:00 a.m. eastern, u.s. secretary of state john kerry said some of bloomberg. -- john kerry sits down with bloomberg. caroline: you are watching "bloomberg ." i am vonnie quinn. new u.s. rules could threaten that 150 billion dollar merger between allergen and pfizer. merges.s. company with a smaller firm. new orleansdge in has resulted years of litigation over the 2010 bp oil spill in the gulf of mexico. he granted final approval with a $20 billion settlement. the company will be paid over 60 years. costs will be around $53 billion. the rate of increase is going down in the first quarter. 4% is down from 5% a year ago. one reason? new apartments hit the markets. last year they hit 20,000 euros, the most since 1988. reassertedllen has the u.s. central bank's gradual approach to raising interest rates. the question is, what happens to weaker co

kkr has to answer to potential clients about these individual deals.e raising has not closed yet. you can imagine the ongoing discussions that are still happening. these potential clients are probably asking what is your plan for first data? what strategies do you have to implement in this company before you start exiting? you can certainly be sure that those questions are being asked right now. thank you very much. peter, you will stick with us. >> coming up next on bloomberg go, look at stocks moving ahead of the open futures suggesting a slightly lower open on this monday. you are watching bloomberg go. ♪ vonnie: this is bloomberg go with the latest business flash. apple comes out with earnings tomorrow. the results are expected to show how far iphone sales have fallen. in january, apple forecast said revenue would drop for the first time in more than a decade. the reason is a slowdown in iphone sales. hedge fund investor aurora investment is returning $5.4 billion in overseas to clients. a deal to take over the firm collapsed last week. it was star

kravis and kkr, and with the chinese.of your industry, that china will owned a stub or a minority or a majority of the houses? daniel: i do not think it is. what is important is that the asian market is an important market, just like north america, for accessible luxury and luxury . i think it is normal that they exert influence in the market, but i do not think it is the standard model. francine: how many shops are you expected to open in china? you have that very sweet spot, markets,sible luxury it is priced well. but for the moment, the chinese and japanese are buying higher end. daniel: they are and they are not. we have opened up the chinese about 2.5 years ago, and we have been opening roughly 30 to 40 stores per year in the market. -- notccessfully, only only in hong kong and macao, but also shanghai and beijing. the brands have been very desirable in this part of the world as well. tony: have you seen any kind of change in spending in the short period? daniel: in the accessories luxury segment, and the brands, , h

perhaps kkr.t they still have bain, another one, tpg, they still have to justify whatever purchase price to their shareholders who may not appreciate a high bid. neil: 40,000 verizon strikers. wonder what they would think of that too, right? >> i guess management is saying, listen if we do this is part of our way forward. the landline business is decreasing. this is a way for to us bet on the future. but i'm sure to your point the strikers don't feel so good about that. neil: we'll see how that goes. deirdre, "risk & reward," very cool show, very cool subjects. 5:00 p.m. eastern time. a little bit more than -- talking a little more than three hours from now. >>> talking minutes away from a ted cruz event in maryland. donald trump is eyeing a big win new york tomorrow, which could explain why mr. cruz is almost anywhere but after this. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got

they're going to do with the china business b as you know there were have been several reports, cic and kkr in taking controlling of operations. obviously, investors want more clarity on that. back to you. >>> american express, moments ago the company reported earnings atop expectations chris dones does it buy them some time? >> i think it does buy them some time. what it shows they're able to add 3 million card holds this quarter which is great for them. that's off a base of 40. they moving on in that front. they still have a lot to do in terms of the costco business. this is a step in the right direction for american express. >> you know, chris in the leadup to this report, you had a lot of people coming in trying to figure out what the sum and parts of american express is worth. what's the back end of it was relative to the visas and mastercards. where do you think this thing should trade as kind of a hybrid of a lender? >> it should trade higher. right now 12.4 earnings. you look at visa or mastercard, a 12 multiple. and you can look at a case of american express which generates half of

you can lump in a blackstone, kkr, all the private equity-led funds. they've done better.not so good. >> yeah. i'm just -- candidly i will -- rich pozino, old friend, danny oyh, old friend, but it's not about that. it's not about friends. >> so many others are trying to talk about it and think about it before it went bad. >> there was an article today about third point insurers doing better. dan lobe has done better because of third point. i don't know. i want to see more. i think dan lobe made some fabulous investments. there's an overall gloom about money managers. it's part and parcel of the political environment. >> specific to these allege d briby allegations. the company has been saying it will be settled by the middle of this year or last year settled by year-end. we keep waiting. that guilty plea, to your point, for a felony could potentially have some sponsors say we can't play. >> that's true. i would point out yesterday the market opened up, then had a swoon. >> yeah. >> the market's up today. we struggle, i think, with reasons why it's up. i see these high prof

the biggest private equity firms, blackstone, kkr, carlisle are predicting a recession within the next two years. a recession does not usually come with inflation. larry: there are two very binary outcomes. i don't know what path that will be. i have been saying this quite a bit worldwide recently. i believe what is happening in spain with the lack of inernment since the election november, they will push the new elections in june, there is not really any real government there. you have the fear of brexit in the u.k., the phenomenon of new in the united states with donald trump and bernie sanders. this is an issue around how many people in these democracies feel like they have been left behind and are worried about their children's future. elements,all of these this political instability is going to force whoever is the leader of spain, of the u.k. and the u.s., we will see greater emphasis towards fiscal policy. i think this will be key. increase in a major fiscal policy and i do believe the candidates in the u.s. are trump and clinton come i think both candidates will be talking stimu

then on the corporate front before the bell, we have a lot of results, we have kkr, xerox. then after the close you'll hear from express scripts, pioneer natural resources. those guys set to release earnings as well. on the econ front, we'll get the post-meeting announcement wednesday at 2:00 p.m. eastern time which we'll bring you live and other data to look out for like gdp on thursday. also, personal income and spending on friday. and finally, another busy week for earnings. here's what is exactly on tap. mark your calendar. on tuesday we have apple reporting along with dupont, proctor & gamble, at&t, chipotle on wednesday including boeing and facebook. thursday is the busiest day of earning seasons. ford and amazon releasing results. friday, exxon and chevron, two bigger ones to watch. >>> at lo of numbers coming. we do have a lot of other market metrics to show you. check out the bond market, the ten-year note yielding 1.88%. if you look at germany, the ten-year boon hit a year of .228% on friday. it may not sound like a lot but that's up from the low .89% hit early in