again, lockhart says that's not the case at the moment.inding that growth momentum and whether it turns out to be sustainable in the coming quarters. julia? >>> thank you, youcef. good work. now for the latest of astrazeneca with a statement from pfizer ahead of their questioning in parliament tomorrow. he said that the commitments to the u.k. are tangible and legally binding. pfizer says commitments to the u.k. are potential and legally binding. they promise to keep 20% of the workforce in the u.k. for a minute mum of five years. but david cameron asking for more. >> yeah. we'll keep our eyes on that. we talked earlier with michael to get more thoughts on this. this particular juncture as we go through this month of may, okay, the dow is up at record high, but basically we have not done an awful lot for global equities this year. what happens next? >> we have a bear market in volatility. a couple of the risky ones with the nasdaq and the shanghai, we are all at 10% levels. we are coming into a potentially nervous tier regarding qe where w

james lockhart joins us as well. a number of high-profile positions in housing, among others in washington. the vice chairman. what it comes down to, whether you've read the washington post or not, it is washington is not in the way. a different 2014. >> not doing anything at this point. looking at fannie mae and freddie mac reform. that seems to be dying at the moment. there is an action. lockdowns, nos or progress. >> congratulations on the new neutral. talking about it at link here in a bit. for washington, what is their new neutral? well, dok you said it no harm. this year everyone is focused on running election for the house and those that are not our positioning for 2016 the vikings them busy and not screwing up the economy. them busy.ps >> does pimco believe in this? >> there is a new neutral policy rate. much higher than previous cycles. there is an overhang of leverage in the global economy and the equilibrium. is thecritical point leverage is not in washington. a much in group budget deficit. >> you read it

everybody says this is why there are all lockhart cable pricing. npd group, i found that low but nationally that is the average. they expect that to double to $200 by 2020. stuart: all lockhart pricing will be where you the consumer choose which channels you want to watch in a pre order and pay only for the channels you watch. that is what it is. >> you pay for what you want. let me tell you another thing. last year the cable industry lost subscribers. only a small number out of 100 million subscribers declined for the first time. stuart: that is because they are streaming. interesting stuff, big changes in this industry. thank you very much. i told you earlier i would rather lose my phones and my wallet. which would you rather lose? if you had to lose one or the other which would it be? i would rather lose my phone. the thought of going to spend a day at a dmv for new license is appalling. with you all the way. don had this to say. since i had to shut off my cellphone service because president obama had entered my wallet i guess i -- either one wo

james lockhart joins us.blic service, particularly in the housing area. >> looking forward to that one. i am scarlet fu here with tom keene and adam johnson. our guest host is former senator of nebraska bob kerrey. let's get some company news from the files of bloomberg west. rupert murdoch is setting up a showdown in europe with rival john malone. he is working on a deal that would give reddish sky broadcasting control over the tv units. one of the key elements driving that deal between apple and -- is dean hiding. -- jean i mean. buyingon the verge of beads. and alibaba is moving to expand its cloud computing business outside mainland china. the commerce company opened a data center in hong kong today. file for alibaba long-awaited ipo in the u.s.. that is from the files of bloomberg west. cooks i wonder alibaba is going. just really wondering. >> if conditions get a little more -- >> there is significant tension in the deal. start all happy happy to with and is an interesting mix as we go to the end of may

dennis lockhart speak anything riyadh, which is tell. they care whether we taper. federal funds may be less important. >> also, astrazeneca speaking to british lawmakers about the pfizer bid. this developing story we will call it. >> earlier today we heard the ceo of pfizer talking with the uk panel. they were e pretty tough on him. it got tense at point. we got to hear from french born pascal talking on behalf of the british company. his point was really about the reason they don't like the deal is the distraction that it would bring. >> the person who has died from lung cancer because one of the medicines was delayed because in the meantime, the two were involved in selling costs. so we want to focus on bringing those products as quickly as possible. and we believe if we can do this selfly we will create for our shareholders any distraction from what we are doing now would run the risk of a pipe lynn. >> a lot of commitments on a lot of questions on its keeping its commitments to jobs and science in the uk. ian reed saying it takes it very seriously. >> let's be

atlanta fed president dennis lockhart says he's not in a rush for the central bank to raise rates.cover to a 3% annual growth rate later this year. we can only hope to raise rates sometime in 2013. he says the fed needs to wait until it's clear that economic growth is sustainable. rico hosting its first ever code conference in california, bringing together top influencers in media and technology to talk about the impact on our lives an our businesses. google's headlineing last night's opening event. among the topics. sprint talked about the nsa spy scandal. >> noted revelations are a huge disappointment to certainly to me and the world as a whole. i think, i think from my perspective, if you go back to the cold war when presumably the nsa was spying on a small number, relatively small number of people, soviet people, whatever, generals, various, you know, communist party officials and so forth and as a consequence in theory what's protecting us from total nuclear annilation, i think that's one kind of balance. i think the balance looks really different. >> meantime, nadella address

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