is a joint venture and they used to have a monopoly in macau.t up, but they have their fingers in very deeply in the market. see how interesting to it has transformed. we will have more about lawrence ho a little bit later. we will certainly be talking more about that. really incredible to tour those resorts. thank you so much, brian miller. know what gm did wrong in handling its massive recall. waiting 10 years to fix the deadly problem. flight 370, there is still no sign of the jet. tells us whyof? so it could take years and millions of dollars to find the wreckage. ♪ forhy did it take a decade gm to recall flawed cars? how do recalls work? we are in washington with the mechanics of recalls. you looked under the hood about what it takes for a carmaker to recall their vehicles. >> one comes from a ntsa investigation. then you have the ones that are voluntarily initiated. it is the second type that i want to focus on. each company has its own method, but here is how it works. once a potential defect is noticed, either through a critical mass of

everyone else has macau and vegas but they've an added growth spurt.il is a great month to invest. >> why ? >> people getting their refund checks. plus you have sweet 16, basketball, a lot of guys -- think about it, i bet a lot of guys spent of month in vegas. >> tim? >> maybe. >> it's a good name to invest in casino names and they still look okay on a chart and on a technical basis. >> we were shorting mel co when it was trading at 44 times earnings. 20% growth is great but macau has been growing at 60, 40% and that's what's driving so these guys who have grown are not going to do that. it's rallied ten percent in the last three days. watch the stock, ought be a seller. >> united continental soaring five percent. ubs saying it believes the airlines as a whole will continue to grow. >> this is a big move or united and all the airlines over the next few days. i like this sector. we all know they figured out how to run their business and you saw oil down a lot today. if we start to get lower oil prices, these airlines are going to do even better. here's

christie go to vegas to impress a guy whose tight wol be a zionist who makes most of his money off macau>> in 2012 the newt gingrich campaign got $15 million from adleson, mitt romney got $30 million. >> jon: oh, right he throws millions away on political campaigns from his tricked out scooter. [laughter] i can't wait for the remojod governor of new jersey to take his famous straight honest talk to vegas to speak truth to money. >> new jersey governor chris christie apologizing. >> jon: what? he doesn't apologize. what is he apologizing for kick adleson's ass? what is he apologizing for? >> for referring to the west bank as occupied ter tour eyes while speaking at the republican jewish coalition. >> jon: oh, my god he did what? because only an ultra left wing peacenik loser would refer to that area of the west bank as the occupied territories. >> israel must stop settlement activity in the occupied territories. >> jon: get a job, hippy. we turn to senior zionist correspondent samantha bee. sam, let me ask you -- [cheers and applause] -- this is crazy. >> yeah. >> jon: if sheldon adleson

. >> by the end, macau with the cash registers zinging out there.arently there were roulette tables and crap tables in macau, he makes three times what he makes in vegas. no matter how much he gives away in next presidential cycle, he'll be richer attend of it. >> last time he gave away $93 million. >> and it's unique in that he will weigh in a republican primary where as a lot of the guys are more cautious. >> the koch brothers like to have influence and power. they don't mind people knowing it generally, but they won't answer any questions. what happened when you tried to enter the sanctum out there and tried to watch this thing going on? >> there were in fact some public events like the speech you saw as well as christie and some of the other governors. however, most of it was behind closed doors. >> didn't stop you did it? >> i tried to crash. >> what is it like physically? do you walk through a door that is open and you got ahold of adelson, and he said? >> i asked him what he was going to go in 2016. he said how did you get in here? it was pri

cheryl: chinese love their gambling especially in macau. >> thanks.ryl: before we head to break. we have to share something very exciting. dominoes taking innovation with whole new level with the edible box. it is snack packaging. the square pizza box made entirely of crust. first-of-its-kind in the world. this changes everything. tweet me what you make of all this at cheryl casone. tweet us at melissaafrancis. we want to go to washington and capitol hill. ceo mary barra is being sworn in by the committee. >> you're entitled to be advised by counsel. do you desire to be advised by counsel during today's hearing? >> no. >> in that case if you would please rise and raise your right hand i will swear you in. do you swear that the testimony you're about to give to the truth, whole truth and nothing but the truth? >> i do. >> thank you. miss berra, you are under oath and subject to the penalties set forth in title 18 section 001 of united states code. you may give a five-minute summary of your written statement. >> thank you, mr. chairman and committee mem

. >>> and a guy known as the french spider-man used suction cups to scale a luxury hotel in macau.he 500-foot tower. in 2011 he climbed the same due bile tower his compatriots just jumped off. his latest stunt was to promote the new flick "the amazing spider-man 2." the agency says it's the first step in regulatin the fast growing industry. tara mergener is in washington. tara, good morning. >> good morning, anne-marie. the industry has rocketed from thousands of users worldwide to millions just since 2006, but critics say it is attracting children and now the fda is cracking down. the food and drug administration wants greater control over e-cigarettes, specifically when it comes to who can buy them and what's in them. >> until we have the authority to regulate e-cigarettes, we cannot provide the information the american public wants about the relative risks and safety of these products. >> e-cigarettes use a battery to convert liquid nick oh teen into an inhaleable vapor. but they haven't been passed by regulation and consumption is rising fast. >> one thing we do know is there a

that stock is falling along with other casino resorts, especially those that have business in macau andsia. with earnings that just matched estimates. global volumes were up two percent. this is reassuring some investors after sluggish growth that the ceo may be steadying the ship. >> thank you. we will be talking to you in just a little bit. >> the make or break order. the first major tech company to report the season. >> take a look at that. downlly since early march more than 15%. the company is definitely in a situation in which alibaba is pretty important to it. they are expected to the public soon. weaving yahoo! out in the cold. karissa meyer's turnaround strategy has stopped. turnaroundayer's strategy has stopped. and less than an hour we will find out if this quarter is any different at all. here, christina warner. our very own olivia sterns. christina, you first. this is a company that once it loses ali baba, does not seem to have a strategy in place. what will happen? >> that is the question. whatnot really clear still type of company yahoo! is. are they media, tech, or what

facebook linked in and out is on among others investors are also selling shares in another sexy sector macau casinos galaxy entertain and sense china joint ten cents on the loser board today shedding nearly six percent and five percent each. so those were the major pressure points a game in the serene the hong kong has forecast its other private home comfy shoes will reach eighteen year high. by the end of this year. what does that mean for property developers. the only roughly seventeen thousand six hundred plots are projected to be completed in hong kong this year. over a hundred what does this mean for property developers. well quite clearly it means more supply and the kids but this surge in new homes along with the scenery is about governmental cooling measures which has already forced developers to cut prices by the way it isn't good news for developers margins developers are already offering steep discounts to attract buyers in one of the world's hottest property markets. ubs forecasts that profit margins in hong kong six major developers will fall from thirty six percent in twenty tw

nine election which was bought by widespread allegations of vote rigging families could go into the macau and ceo and co founder of democracy international. that's a company that works towards promoting free and fair elections. this accounts in afghanistan has conducted a very good idea of voting with citizens coming out to voters in the orderly way. he also said he didn't have any specific concerns about the election. no specific reason to be concerned. there are of course things that could go wrong when the vote count. there are things that could go wrong and the delays to the boat but there is no evidence whatever at this point that these are problems the votes were all counted quite orderly yesterday based on reports from our own observers report from domestic observation groups those that tally sheets are well underway to provincial capitals in the first flight of those will arrive here in kabul today. once the elections commission has counted at least five percent of the votes from twenty provinces. they will make their first preliminary release. after that the data will come as it

and to the state of macau, we are going to get april revenue on friday.hey were jumping 50%. >> after the break business in tokyo as they digest their lunch. japan has been leading equity markets across the asia-pacific. a loss of just over one percent in the morning session. a recovery this afternoon? the reopening is next. ♪ his to thed philippines with plans for a stronger military alliance. where stocks are rising that ipos are a tough sell. the issue with vietnam. and the oedipus complex, building the tallest tower in the world. so first, let's build on things with markets now. >> investors will be wishing for the --to be as high as it wasn't a pretty morning session here. stocks were the gainers out of the 225. for that yield on the 10-year jp be. for the carmakers, bit of a mixture. marketsaction from the and some other stocks are positing. capital structure for the jicama koman. for kiko olympus starting their deliberations, whether or not it would make sense for the company perhaps going forward not to merge itself. --are looking at a time tale a

and returns to meet brandon in macau. >> i learned a lot in the past, and, you know, focus for this second motivated for this fight >>> me brooklyn nets have completed a sweep. the nets were leading by a single point, when lebron james was setting himself up for a game-winning dunk, but he was blocked by ricky mason at the buzzer. the game ending 88-87. the nets finishing off a four-game sweep. >>> the lakers are on the receiving end of a 145 to 150 beating by the houston rockets. james harden and terry jones both racked up 33 points. >>> to the nhl the minnesota wild have clenched the top wild-card spot in the western conference after a 4-3 shootout against the boston bruins. the blues meanwhile have slumped to their third straight befeet. alex ovechkin reaching the 50-goal mark and becoming only the 11th player in the history to score 50 in a season. >>> major league baseball now. baltimore got straight into it against the yankees, scoring 3 runs in the 1st inning. including this two-run homer. they go on to have a 20-hit game. that's two short of the record set back in 1986. and every m

tell us about your macau operation and why you think it resonated so well with customers and that in turn helped your bottom line. >> the mgm name is no wealth throughout asia and particularly in china and as an entertainment company. we had a tremendous first quarter, cash flow was up 33% in the quarter. i expect the trends will be strong. we are having a very good month in april. we are most excited that we are building a second resort that is going to be twice as big as the existing one. that is less than two years in macao and that is only the second of many more. mgm china which is a hong kong listed company which we at mgm resorts owns 51%, has a tremendous future. melissa: you up to a road trip? we need to do a road trip to macao. everybody is in. let's get to what is happening in the u.s.. from macao to maryland, you are planning on opening the $1 million operation in maryland. would you be gaming? >> it is a full integrated resources right on the banks of the potomac river, 13 miles from the nation's capital. this i believe would be the most profitable commercial casino in u

de niro has a lot of businesses far away like in, in places like macau and stuff that have all these?ly does. 321-room hotel in nobu in manila. i wouldn't be surprisessed to see this product in casinos. this is vodka 6100. in most of today near rose's hotels this is great brand. this fits into what they're doing. this is not tangential to what robert de niro is done. david: it is pronounced vodka. they took out the o. you don't see de niro in the picture. you and i can talk about this. let's listen to a portion of your interview with de niro. play the tape. >> i've done some ads here and there but nothing, nothing -- >> why haven't you? >> i didn't see, i didn't want to do that. and if i became part of something, like no-b or other business venture that i get involved in or into i want to be an active participant and i'll do what i can from my side to support that i don't want to come in and be paid. >> you managed to associate with these businesses and people know this is de niro project? >> i mean that's, that's what i, that i don't mind. that is what i want to be not like i'm the f

the french climber known as the french spider-man climbed the macao -- macau tower.climbs include the empire state building and the tower in malaysia. australia's knick fanning won? australia this week. wonas the third time he had the catastrophe. -- the trophy. welcome back. this is "countdown". i'm mark barton. >> i'm anna edwards. i always thought that about surfing. you have to do it in dreadful locations. australia, rio, hawaii, california. you would not catch me there. let's look at some of the top themes of the day. we are going the talk briefly loobt germany and draghi and then move on. >> german business confidence out today. just can't seem to get away from 1.38. draghi talks in holland today. will he continue to try and talk down the euro? that is certainly something to watch. my interest takes me further south. >> where they also have a bit of a problem with their currency. >> they are tightening policy. it started last month. it has continued overnight. it is a process that began 12 months ago. they started using what everybody is talking about. essentia

into the fact that he is the eighth richest man, largely based on casino gambling in las vegas and macau. the people who went to las vegas to see sheldon adelson included a man you may have heard of, chris christie, governor of new jersey. anyone heard of him? he has been out of the news a lot lately. i wanted to remind you he is the governor of new jersey, which includes part of the george washington bridge. of the george washington bridge, as my good friend points out. not the new york cap, which has behaved a little bit better. a number of other people went to participate in the adelson pri mary. they included scott walker, the governor of wisconsin. they included john kasich, the governor of ohio. they did not go because they needed a trip to las vegas. and scott walker did not explain what the hebrew pronunciation of his son's name is because he was uninterested in sheldon adelson 's support. shamelessat we call pandering, which is what was going on in las vegas. but they understood that this was, as was the case four years visit when they came to donald trump, they needed, if they

macau gaming companies. areas like car companies, domestic consumption plays will come back into their own. comparisonsn't draw between the two? technology stocks are having a bit of a rough time. at a good year, didn't they? sugared up parallels between emerging markets, tech stocks and -- >> clearly, there's a relationship. i think it is more from emerging-market perspective. you're seeing people rotating into the sectors that have underperformed. people looking for what is the not what wasity, the opportunity from last year. >> how this election cycle affect our thinking, richard? many of these big emerging markets have elections. india started yesterday. >> yes, i think people generally overestimate importance of political change. much is really going to change in india postelection. view, sentiment point of a new government generally get people more optimistic about the future area i think whether you're talking about india or indonesia or even the recent local elections in turkey, it gives people more

. >> the climber known as the french spider-man scaled the macau tower. >> and volcanos in peru haven erupting. some of the most active in central and south america. wow. look at that. >> humble, almost. let's see how the markets are trading. >> thanks. the ftse up. the dax. similar the cac as well. yesterday the stocks did something that surprised everyone. facebook, apple. the s&p 500 so far 75% of companies have beaten earnings stims. one question, are they bad estimate or good numbers? ooking at euro/dollar. 1.3839. german business confidence better than anticipated. draghi speaks later on. any time this pushes up to near $1.40, e.c.b. officials try to slap it back down. look at the key week. the best performing major currency this year. the central bank there keeps on hiking. back to you. >> jon, thank you so much. jonathan ferro with your asset check. >> coming up, warren buffett weighs in on coca-cola. why he is against the company's pay plan. >> just a reminder, you can follow us on twitter. guy is at guy johnson tv and i'm at flacqua. when we come back, we're going to be tal

second day casino shares of macau moving today.lopers also in the mix you see nearly a 4% drop for new world development. it is not all bad news. you have property developers gaining. quickly checking in on what we are seeing elsewhere across the region, a mixed portrait today, the jakarta composite starting the session higher by just about .7% of one percent. . the philippines modestly higher today. the negate 225 down by 1.3%. the yen has been inactive today. that is having an impact been one of the movers is daiichi sankyo. that is lifting that she sankyo. it has been a persistent challenge for the japanese we alsoutical maker simi, -- de nini ippon sumitomo. again, tech shares significantly moving. so watch the tech space. it is active today following the big drop on wall street on friday with the nasdaq selling off sharply. >> toyota is said to boast a record of ¥1.9 trillion here that is about 19 billion year -- $19 billion for the fiscal year. shares, look at those. on the way up in this declining market. the company turning

lasthas happened over the 10 to 12 years is gambling was legalized in macau, a special administrative region of china, very similar to, very close to hong kong. after that happened some u.s. casino companies, like mgm and las vegas sands, as well as steve wynn, they opened casinos there. that has been an enormous market driven entirely by mainland china. it is a different type of customer than in the u.s.. i think it is mostly slot players. all everyone plays there is a game called rock around. similar to blackjack. that market has gone from essentially $2 billion to $3 billion up to $45 billion in the last 10 years. it is still growing very quickly while the u.s. gambling business has slowed down to a two percent, three percent annual growth rate. does the united states attract foreign tourists into our country for gambling? to some extent, they do. they have a scene in "casino" where they have to deal with the frail from japan or china. these destination markets have a certain amount of international business that is usually high-end. what you have there is even though it is a small

into the fact that he is the world's largelyichest man, based on casino gambling in las vegas and macau. the people who went to las vegas to see sheldon adelson included a man you may have heard of, chris christie, governor of new jersey. anyone here a fan? he has been out of the news a lot lately, so i wanted to remind you he is the governor of new jersey, which includes part of the george washington bridge. only half of the george washington bridge, as my good friend points out. not the new york cap, which has behaved a bit better. but a number of other people went to participate in the adelson primary. they included scott walker, the governor of wisconsin. kasich, thed john governor of ohio. they did not go because they needed a trip to las vegas. explainlker did not what the hebrew pronunciation of his son's name is, because he was uninterested in sheldon adelson's support. shamelessat we call pandering, which is what was going on in las vegas. they understood that this was, as was the case four years ago, when people came to visit donald needed, if they were seeking the republican

fact that he is the world's eighth richest man, largely based on casino gambling in las vegas and macau. the people who went to las vegas to see sheldon adelson included chris christie, the governor of new jersey. anyone hear of them? [laughter] he has been out of the news a lot lately. he is the governor of new jersey, which includes part of the george washington bridge. only half of it t. [laughter] not the new york half, which has behaved a little better. a number of other people went to participate in the sheldon adelson primary. scott walker, the governor of wisconsin. john kasich, the governor of ohio. they did not go because they needed a trip to las vegas. did not explain what the hebrew pronunciation of name is because he was uninterested in sheldon adelson's support -- that is what we call shameless pandering. that is what was going on in las vegas. they understood that this was, as was the case four years ago when people came to visit donald sheldonhat they needed adelson's support. in a few short months, the capitol visitor center will be completed. the work of this congress

lasthas happened over the 10 to 12 years is gambling was legalized in macau, a special administrativeon of china, very similar to, very close to hong kong. after that happened some u.s. casino companies, like mgm and las vegas sands, as well as steve wynn, they opened casinos there. that has been an enormous market driven entirely by mainland china. it is a different type of customer than in the u.s.. i think it is mostly slot players. all everyone plays there is a game called rock around. similar to blackjack. that market has gone from essentially $2 billion to $3 billion up to $45 billion in the last 10 years. it is still growing very quickly while the u.s. gambling business has slowed down to a two percent, three percent annual growth rate. does the united states attract foreign tourists into our country for gambling? to some extent, they do. they have a scene in "casino" where they have to deal with the frail from japan or china. these destination markets have a certain amount of international business that is usually high-end. what you have there is even though it is a small amou

these reports that macaw macau will be up. >> incredible. how the chinese are still spending even though we keep hearing negative things about the pmi. it was 48.5 but i feel this is a sign that the chinese are alive and well. >> yesterday we had john lid on who is a former analyst who runs a hedge fund arguing that las vegas sands is sitting on a lot of undervalued real estate as well, that you could break out all of the properties that are retail associated with its casinos and you'd have one of the highest-end mall properties and get a much higher multiple. you know, we'll see whether that ever comes to the fore . it wouldn't seem they are under that much pressure given the performance of the stock. >> no. >> give the ceo more money to support it. >> adelson is the power -- the koch family. and he's a remarkable power broker and a remarkable leader. and we were talking about bob iger and les moonves, the casino industry has remarkable ceos who have built the great powerful franchises. >> five years on that stock, oh, boy. >> you mean when