as dean lagarde is being questioned in a crop -- christine lagarde is being questioned in a corruption case that reaches although it to the former french president nicolas sarkozy. thank you for joining us on "france 24." 3 start in sevastopol, where russian flags are reportedly flying at the entrance to the ukraine navy headquarters in the following earlier reports that said pro-russian forces had stared -- at storm the navy hq. the situation has escalated from a political conflict to a military one. on tuesday, the first ukrainian soldier was killed in the region, and as our all of her fairy reports, the prime minister says russia is to blame. on tuesday, ukrainian soldier became the first casualty of the crimean conflict. the man was reportedly shot dead during a standoff between ukrainian troops and unknown forces at the base that locals say they saw masked men storm the facility. >> some men rushed in and broke the windows and made everyone lie on the floor. >> there were gunshots and 2 ambulance arrived at the scene. police reported a pro-russian militant dead in the incident. it

christine lagarde saying the imf mission is going to start tomorrow.ll be the contribution that comes from the european union? secondly, how can the european union take action to actually hurt russia where it hurts, and that is economically? what sort of sanctions might they discussed? has alreadyaid he spoken to foreign minister zwilling to isolate russia to the hilt. what is the european union really aiming to do and what is their plan? we will find out later today after the meeting. >> is there a sense that there six -- significant exposure to russian gas. germany did a lot of it. >> at the same time germany gets a lot of russian gas russia gets money percent of its exports from castle is russia willing to give up money percent of its 20% of itsenues -- export revenues like that? up there. wrap it david tweed. thanks to our whole team covering the story throughout the morning. remember, tomorrow morning, the geneva motor show kicks off. we will have extensive coverage. see you then. ♪ >> the secretary of state will travel to kiev as wretched dispatc

as dean lagarde is being questioned in a crop -- christine lagarde is being questioned in a

imf managing director christine lagarde says that she's deeply disappointed. >>> people have been taking a closer look at virtual currencies, after a tokyo-based bitcoin exchange went bust. officials at the u.s. internal revenue service now say online currencies will be taxed in the same way as stocks and other forms of property. people use virtual currencies to settle transactions just as they would conventional forms of money. but, irs officials say online currencies like bitcoin should not be treated like cash. the irs officials say profits made when investors trade virtual currencies are taxable, just like profits from stock trading. and they say wages paid in virtual currencies will also be subject to income tax based on the market value of the currency when it was received. japanese government officials also say virtual currencies aren't the same, as conventional money. they say transactions made with online currencies should be taxed. well, failed bitcoin exchange mtgox has submitted documents to the metropolitan police department here in tokyo. mtgox representative director mark

. >> christine lagarde. they all came on board and kept coming back every year.took off like a rocket, we are now 2500 people at the lincoln center. last year we had 44 million twitter impressions. we had 600 thousand live streams. it seems people are very engaged with the business of getting to know women who you have never heard of before. as well as women who are major names. >> is that how you measure success? what your social media imprint is? or is it the bottom line? >> the bottom line is healthy. we are finding sponsors that are very enthusiastic. we have a fantastic partnership with toyota for the last three years. together we could read a partnership called mothers of invention. we find young girls doing wonderful things with tech and creativity. they give them an award and they promote people as young innovators. that is very successful. toyota loves it. bank of america, at&t, merck, they are very supportive. >> women in the world is a charity. >> we started a foundation that we decided the best way to administer the foundation was to make it part of v

asked christine lagarde about how confident she is? what's clearly, the chinese share of global responsibility they mustsed and support global good, financial security, environmental sustainability, and improving global rules for the game. will increase global cooperation. includestail unit 30,000 petrol stations. they need to embrace the reform and the government is putting money towards that. the money goes to the enterprises and creates a level playing field. it is very good for china inc. >> what's move from china to taiwan. protesters there aren't stepping opposition to a trade deal with beijing. they say it will hurt democracy and they say the reforms would lead to an eventual chinese takeover. earlier, tim said that these are live images of the legislature. this is what tim had to say. andast night, it escalated the president give a press conference to reporters that paid them lip service and repeated why the pact with china is important. the protesters have a splitter and they went just north of the legislature last night. that

. >> now we're just getting some comments from the imf's chief lagarde this morning. she's at that spanish conference looking at how they boost spain's growth. she's saying further monetary easing is needed in the eurozone. that's the message we've heard from her several times, time and time again. labor product reforms may help eurozone growth. reforms are paying off for spain as far as she's concerned. we're seeing a boost in confidence, but creating jobs must be the overriding focus now for spain, including deeper labor market reform. comment, too, on the debt load in spain. they must lower their debt load. no comments so far as the situation in ukraine is concerned. i'll keep you abreast of any further comments she makes there. let's get a look at what's on the agenda in asia tomorrow. australia's central bank meets. the rba is expected to keep rates on hold. we get an update on g4 current account data and some corporate earn eggs out of greater china. soho china and financial firms haitun dw international. still to come on the show, we'll get back out to kiev sho

whey really want to call your attention to is the pin action because gnc's quarter took down its lagardtor vsi, causing this collaterally damaged stock to lose 6% of its value in a single day. off of this company's poor performance. the next time you see that kind of thing when a company reports dismal reports and its competitor stock -- i want you to remember this sort of pin action is often not sometimes but often an overreaction. after gnc reported the analysts went out of the way to downgrade vitamin shop, slashed estimates for vitamin shop. here's a piece from jp morgan. i quote, "lowering vsi and first quarter numbers post-gnc." their rationale? "in light of gnc's fourth kwaut results and horrible weather throughout much of the nation so far in q1 against the back drop of an already soft consumer, we are lowering our q42014 and q1 2014 for vsi." what a crossfire. then the analyst goes on to cut these estimates really dramatically. hey, here's another one from deutsche bank right after gnc reported. "vsi lowering estimates following gnc date wra points." how about jeffreys. "vsi re

christine lagarde still quite encouraged. reform, ambitious. she is confident. is rising to the challenge. does china share the global responsibility as well? in supporting global common good, mobile financial stability and environmental sustainability. and improving the global rules of the game. be amf will continue to key forum for this kind of cooperation. >> there she is. she does say trade-offs need to happen. it will be tough. >> moving state run to private. embracing change. that is the biggest of them all. thanks. becoming a rapidly major hub for this film industry. gene marks has followed disney is spending billions of dollars on a showcase property there would china expected to become even more important for moviemaking as well as watching. >> this may be the original dream team. for asia, 20 years later they are teaming up to build a two point $4 billion showbiz complex in shanghai. us tos is a chance for area.n entertainment >> his answer to the massive giving land, many are there. >> you may not want to admit it but the perception is that they are d

wednesday international monetary christineing drifter lagarde will deliver a speech on the state of the economy following the relief of the analytical chapter of the imf global financial stability report earlier in the week. developers could be in for a new release of their own. , microsoft is expected to unveil its windows theirit .1 update and answer to siri. they expect 197,000 jobs were added this month and the u.s. unemployment rate dropping back down to 6.6%. the lowest rate we have seen since october 2008. we will have all the weeks news for you right here on bloomberg television. back to you. other stories making headlines. here is david. a tradingng sees debut from the far north of china. bank shy a billion dollars. lenders and china are being squeezed by the slower economic growth in there and rising bad debts. in hong kong, the anticorruption agency is said to have search the offices of jpmorgan. investigators seized computer records and documents from the outgoing ceo for china investment banking. jpmorgan declining to comment. so far authorities have been looking into hirin

what is christine lagarde's topic number one? what does she need to do in the coming weeks?ine represents an important challenge for the imf and the international community. it should be recognized, of course, that recently the news has been dominated by the political and, dare i say it, political and geopolitical aspects and considerations, but underneath that has been a building crisis in the ukraine that on a set of policies were absolutely unsustainable and represented a road to ruin for the ukrainian economy. this has to be put right, if ukraine is to be in a sustainable situation, regardless of the political situation. >> for many years you fought off the critics of the imf, they are out again with knives, swords, and every other weapon they can find. they do not believe that the imf should meddle in the ukraine. defend the institution. >> i do not think that i have to. it is an institution of 100 88 countries, representing a broad international community, representing the consensus of the international community, setting the rules of the game for international, financ

quick to does madame lagarde speak to in europe? >> it will be the germans to take the lead. >> bottom line -- >> what merkel says matters, because she does have the ear of putin to some extent. >> she's also got the money. >> and she's got the money. >> the dominant economy as well. let's get to company news right now. here's a scarlet fu. >> citigroup considering clawbacks in the mexico vandal -- scandal. link to the $400 million loan fraud. it outlines the options and predatory filing. herbalife.ms for the magician company says the lead -- opened an investigation into the business practices. a big win for bill ackman who has been trying to convince regulators to shut the company down. he made a very public that against herbalife. herbalife says it hopes the investigation will clear up misinformation. volkswagen is ahead of schedule. the carmaker may sell more than 10 million vehicles this year, that is four years earlier than planned. it comes as it introduces more than 100 models this year and next. heart of the efforts to overt

i will just say to the gentleman that i spoke to christine lagarde today, and she sees this as an essential element of being able to move forward not only be in this crisis, but in others that, unfortunately, will likely come. so part of my remarks is reflected from my conversation with her. the gentleman -- senator'sed for a roll call vote. the clerk will call the vote. [roll call] [roll call] >> clerk will continue the roll. [roll call] [inaudible conversations] >> he's not coming. okay. the clerk are report. will report. >> [inaudible] >> excuse me? [inaudible conversations] >> i know washington counts in unique ways -- [laughter] all right. the amendment is not agreed to. is there anyone else wishing the offer an amendment? senator shaheen. >> thank you, mr. chairman. you have an amendment from me -- [inaudible] what the amendment would do is to add number 8 to section 6a which would support the efforts of the government of ukraine, civil society and international organizations to enhance the economic and political empowerment of women and to also address violence against women and girl

but at the same time the had of the international monetary fund christine lagarde just recently sad that she at the moment really doubts that there is an immediate need for such financial aid coming to ukraine so something everything people are of course lost frightened and thinking about leaving the country speaking about that russia's migration service just said that the number of asylum applications received from ukraine has increased significantly giving numbers such as one hundred thousand as silent applications have been received within the past two weeks alarming figures indeed and these figures mean even increase in the nearest future as the situation just ask just getting out of control thanks very much indeed for the medieval church and let's look more now on this economic impact ukraine's the. well balancing on the verge of default the country's finance ministry claims bankruptcy is looming it's estimated more than thirty five billion dollars in aid will be needed by the end of twenty fifteen meanwhile its foreign debt is climbed to around one hundred forty billion that's near

. >> it would be great to speak to you and madame lagarde is all good jim o'neill, thank you so muchn that it avoids last place. alex kliment, thank you so much. " is up next.op have a great rest of your morning. ♪ >>