steel and four mark crumpton. happy friday, everybody. -- i am alix steel in for mark crumpton.apping our top story, formally annexes crimea into russia. this seals the deal. tonely conciliatory apparently aimed to contain what is one of the worst crises in russian relations with the west since the cold war. as we mentioned earlier, ryan chilcote spoke with the ukrainian parliament member vitali klitschko. he asked if he thinks that russia wants more than crimea. >> the plan of moscow, yes. it is not crimea. the main goal is the capital of ukraine, kiev. --hout ukraine, russia cannot remain in power. >> you really think that the russians want to take kiev? >> the russians want to take all of ukraine. i am more than sure. president putin told parliament, city.iev is old russian yes, crimea is russian, parts of russia, the history of the people. that is why i think the main goal is to take all of ukraine. >> presumably if the russians want to take eastern, southern ukraine, kiev, they can easily do that, right? >> yes and mia. -- no. side, theilitary russians have huge potential.

>> from bloomberg world headquarters in new york am a i am mark crumpton. this is "bott omom line." malaysia expanded search for the missing aging-bound jetliner. unrest overseas. to our viewers here in the united states and those of you joining us from around the world, welcome. full coverage of the stocks and stories making headlines today. latesterga has the report. foreign policy reporter about the situation in ukraine. we begin with megan hughes and the growing mystery surrounding the disappearance of malaysia airlines flight 370. good afternoon. indeed.ry more than 60 hours since flight 370 disappeared. still no one seems to know where or how the plane went down. malaysia did send ships to check for debris near hong kong after investigators worked to solve the mystery. investigators expanded the search area today, pushing the hunt into the south china sea. so far no success finding evidence. oil slick's investigators were looking at turned out to have come from a boat, not a crash. here is what we do know, the jet we are talking about was in route to beijing from kuala .umpur

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. president obama and nations leaders meet in the hague. russia excluded from the g-8. and looking at the religious rights of corporations. >> to our viewers in the united states and those of us -- those of you joining us around the world, welcome. is that the u.s. supreme court where justices question the affordable care law contraceptive coverage. the g7ilcote is where meeting, minus russia concludes. yang yang has details of that meeting. >> president obama calls an ofrgency sideline meeting the g7, ousting russia from the ranks of the exclusive group of eight. the crimean situation overshadowed the situation. at the conclusion of the summit, obama took to the world toge and said putin needs understand there is a choice to be made here. >> it is now up to russia to act responsibly and show itself once again willing to abide by international rules and international norms. if it chooses to

i am mark crumpton. the intersection of business and economics with the main street perspective. men's wearhouse and jos a bank strike a $1.8 billion deal. we will see how one of the world's most popular helicopters . to our viewers in the united states and to those of you joining us around the world, welcome. we have full coverage of the stocks and stories making headlines today. megan hughes focuses on malaysia flight 370 black box flight recorder. we are receiving word from the malaysian military indicate it has radar evidence showing the missing boeing 777 jetliner changed course and made it to the malik a straight. -- strait. it injects new mystery into the disappearance. radar at a military base detected the airliner at the northern approach to the strait. the aircraft was believed to be flying low. ap reports the officials spoke on condition of anonymity because of the sensitivity of the information. from nine countries are hoping to find the black box that could hold the key to the mystery. we ar

worldm bloomberg headquarters in new york, i am mark crumpton. this is "bottom line." releases itsd latest report on the state of the u.s. economy, then, more unrest in the ukraine. four russian protesters storm a building. aboutusk tells congress taking national security to outer space. ♪ to our viewers in the united states and those of us joining from around the world, welcome. yang yang is on capitol hill where elon musk testified about the state -- the space race. yet another delay in obamacare rules. we begin with peter cook and .reaking news good. >> good afternoon. a snapshot of the u.s. economy. conditions rummy come -- the economy,uggesting the continues to move forth. the growth could have been better if it had not been for all the bad weather around the united states. compiled by the stats, the federal reserve bank of atlanta indicate economic conditions continue to expand. eight districts reported improved levels. only district to report the activity actually slowed. the weather is a significant factor. it hit consumers as well. retail sales weekend since t

>> i am mark crumpton. this is "bottom line." russian president vladimir putin calls for the annexation of crimea. then, the u.s. treasury says regulation will support virtual currencies. elon musk takes advantage of u.s. dependence on russian rocket engines. to our viewers here in united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. musk'sng details elon hall for the u.s. to reduce dependence on russia in the space program. peter cook, with the latest on russia joining -- on crimea joining the russian federation. busy 24 hours. we had the crisis escalating today when the russian president, after that big speech in front of the parliament in moscow, basically officially absorbing crimea into russia, with a signature on a document. you had western nations condemning that russian action, and promising to respond by stepping up sanctions. they warning the crisis is entering a new, more dangerous phase of live ammunition. the greenlight for t

>> i am mark crumpton, this is bottom line, the intersection of business at economics with a main street perspective. russia is hit with u.s. and eu sanctions following crimea's a session vote. malaysian officials investigate possible pilot suicides in the disappearance of flights 370. and we will look at the largest supplier of tram cars. to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and those of you joining us from around the world, welcome. olivia sterns reports on states and retailers stopping selling cigarettes. and peter cook has the u.s. response to the crimea secession vote. we will get to peter in just a moment. european union foreign ministers imposed sanctions on russia after this weekend's disputed referendum in crimea. i am now joined on the phone from brussels. good evening. saw -- we and also imposed travel restrictions, effectively banning them from traveling within the eu. i spoke with seven for an ministers today. they go for economic stations just -- they won't go for economic station

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." toay, crimea is scheduled vote on whether to join russia. then republican conservatives gather for their annual meeting. we will examine the high-security business of storing copper. to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. pure cook reports on congresses step toward a aid package for ukraine. david tweed is in brussels for the european union held an emergency meeting. ryan chilcote is an key of where voters will decide 10 days whether to join russia. we will get to all of you in just a moment, but first, short time ago, president obama spoke from the briefing room in the white house about the situation in ukraine. several ofpoken to our closest friends around the world and i am pleased our international unity is on display at this important moment. togethere have moved to announce substantial assistance for the government in key of and today in brussels, our

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is bottom line. today, secretary of state john kerry and russian foreign lavrov discussed the crisis in ukraine. college basketball is in the spotlight as march madness it's underway. underway. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. olivia sterns follows efforts in california to protect children from deadly toxins. phil mattingly reports on bp's agreement with the eta to compete for leases in the gulf of mexico. alix steel looks at enrollment in strategic petroleum reserves in russia. john kerry and his counterpart from russia held talks today on the crisis in ukraine. or is mr. kerry in his post meeting news conference. him that clear with the president has made it clear there will be consequences if russia does not find a way to change course. we don't say that as a threat. we say that as a direct consequence of the choices that russia may or may not choose to make h

>> from bloomberg world headquarters in new york, i am alix steel in for mark crumpton. this is "bottom line." today, president obama ordering a new round of sanctions against russia over the crisis in .kraine then, why the president's top advisers oppose the keystone pipeline. we will take you inside a lab that develops tasty new flavors. to our viewers here in the united states and those of us joining -- those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines. reports on the latest forecasts for flooding this spring. ryan chilcote is in brussels, where eu leaders are discussing how to put more pressure on russian president vladimir putin. that's begin with peter cook on how the u.s. is ratcheting up sanctions against russia. give us the highlights for president obama's -- from president obama's quick speech today. >> things are escalating. laughing quite as hard at this list. things have gotten tougher from the administration. the president designated 20 more russians with asset freezes and travel bans on

i'm mark crumpton. an encouraging sign on the strength of the u.s. consumer today.l sales rose in february for the first time it in three months. the cofounder of cross legend investments joining me now. >> a pleasure to join you. >> february's retail numbers were a welcome change from january's figure, which fell .3%. that rebound in demand was ron based rated nine of the 13 major categories showed increases. just how much pent-up demand is there? >> it still remains to be seen. we were relieved that february was and down as december and january had been. quite an easy comparison going believest. we still that there is quite a bit of pent-up demand to be seen in the coming weeks. a number of retailers said that they saw thing start to pick up as the weather started to improve. we still had some storms. mark has gotten off to a choppy start. the retailers work cautious. >> where were the largest increases? >> the stories continue. it certainly online was the biggest gainer. up over six percent. on a relative basis. last year it was running at double digits. they saw

ilcome back to bottom line, am mark crumpton.n addition to the political and military crisis in ukraine, the country also faces growing economic and financial turmoil. on thursday, the international monetary phone -- fund agreed to provide aid contingents on ukraine taking steps and its economy. joinsrector of the imf me in the studio. welcome back to bottom line. good to see you again. the prime minister of the ukraine told us that it was the time to tell the truth to do the difficult and unpopular things brady said ukraine is short about $26 billion. he needs another 30 5 billion of the next two years or else it will go into default. what unpopular and difficult things as ukraine going to do to stay so let -- to stay stal olvent? tomost importantly will be try to do something with the ruinous energy subsidies that has been afflicting that economy or some years now. it has opened an distortion in their production, and cost them enormous amounts and foreign exchange. this has to be dealt with. >> what is the best way to deal with

. ♪ >> from bloomberg world headquarters in new york i am mark crumpton.troops massed in grade as president obama concludes his european trip and then chinese ambassadors overwhelm the u.s. green card program. today's version of rosie the robot or -- riveter. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks in stories making headlines today.

. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton. this is bottom line.ary of state john kerry and russian foreign lavrov discussed the crisis in ukraine. college basketball is in the spotlight as march madness it's underway. underway. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today.

investor to ghana spoke with mark crumpton on "bottom line." >> the chinese have been very active inica during the past several years. i think it is a question, for some reason we have been a little late in turning on the potential of a resurgent africa. under president obama and secretary kerry, we now have a firm posture that we have got to be more active in the continent. just because china has been added and other european powers, does not mean there is not room for us. in fact, i think even at this point, the american brand has a tremendous amount of credibility. >> and money is being spent on those brands. in nigeria, online shopping is booming. here is our bloombergtv africa partner. >> more than a quarter of nigeria's 170 million people are now internet users. the world bank estimates that in the last four years alone, a flood of online shopping website in nigeria has boosted the country's gdp purchasing power by 22%. the nigerians spent about $6.3 billion a year on clothing alone. more than half of the consumer market. $86 billion annually. a large section of nigeria's $275

. ♪ worldm bloomberg headquarters in new york, i am mark crumpton. this is "bottom line." latest report on the state of the u.s. economy, then, more unrest in the ukraine. four russian protesters storm a building. aboutusk tells congress taking national security to outer space. ♪ to our viewers in the united states and those of us joining from around the

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line." today, sign-ups for health care insurance and at midnight. in the u.s. supreme court revisits the question of patent protection for software. with theive interview third highest-ranking member of the u.s. house of representatives. to our viewers here in the united states, and those around the world, welcome. latest mckee has the it has come down some but needs to come down further. more people need to move into the labor force. top, mentioned at the inflation is too low, janet yellen said. that is another reason the fed will stay on hold for the time being. she is trying to push people back to the data dependent stage, the idea that it is the data that will make the call. she cited a number of data points that were not very good. >> numbers do not lie. what does it mean for investors? >> that is the funny thing. it does not mean anything in the end. if things were really bad in the economy, the fed will be talking about stopping the taper and adding more stimulus to the economy. it me

mark crumpton will be back in tomorrow. or shortly for all of you.rket" is up next. >> it is the six past the hour. i am olivia sterns. indexesmain benchmark are off session lows. the nasdaq falling the most common being dragged down by a selloff in the biotech sect or. a couple of individual movers for you. surging today. they have been fined half $1 million for illegal sales and making claims it cannot verify. company may be able to get back on track in the country. china has been coming this for about two months now. shares are up about 17.5%. we're watching jpmorgan. company signed off over claims that it is a bernie madoff ponzi scheme. they have acknowledged this. aids to learned that 5 bernie madoff were found guilty on most counts of helping run the biggest ponzi scheme in u.s. history. exposed byon fraud the financial crisis. the verdict is still being read right now. going back to the broader markets, the small-cap index has rallied for the last seven straight borders. the longest run ever. joining me now with a look at the small caps is mi

. >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line."ay, congress passes a financial aid package for ukraine. then, what's in store for the banks that fail the latest fed stress test? and we will look at a game changing ruling for college athletes. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the

i'm mark crumpton. take a quick look at commodities closing on this wednesday. $100 atrading below barrel right now. $98. natural gas down 2.5%. gold futures raising 1.5%. that's checksum of the top stories that we are following for you at this hour. an explosion leveled to new york city apartment buildings, killing two women and injuring more than a dozen other people. and number of people are still missing. the new york city mayor saying the explosion was caused by a gas leak that had been reported 15 mins before the blast. firefighters continue to battle let five alarm blaze that broke out at 9:30 a.m. new york time. host the obama will new ukrainian prime minister at the white house in an effort to cement the west's allegiance. we got word that secretary of state john kerry will meet with the russian foreign minister in london on friday. that's a look at the top stories in the news at this hour. a group of seven world leaders will say they will not recognize the results of a referendum for crimea fo

>> from bloomberg world headquarters in new york, i'm mark crumpton. as his "bottom line." today, president obama says russia's actions in crimea violate international law. a $4hite house sends trillion budget proposal to congress. geeking and next appoint in the -- could get a lot harder kicking an extra point in the nfl could get a lot harder next year. to our viewers here in the united states and those of you joining us around the world, welcome. we have full coverage of the stocks and stories ticking headlines today. phil manning has details on the white house's proposed $4 trillion budget. the $1 billion impact for ukraine. peter cook tells us how the ukraine is fueling the energy debate here in the states. ukraine. the latest on president obama says russian president vladimir putin has breached international law. the present spoke to reporters earlier today on the situation in crimea. thatere is a strong belief russia's actions is violating international law. president putin seems to think -- has a different set of lawyers making a different set of interpretations. th

that does it for this edition of "bottom line echo i'm mark crumpton reporting from new york.t is next. i will see you tomorrow. >> it is 56 past the hour, which means bloomberg tv is on the markets. stocks are selling off as we head into the final hour of the session. all the major benchmark indexes selling off, the nasdaq off the most after, didn't -- after comments from president obama saying russia is testing the international order by annexing crimea. clearly stoking some concern full top earlier, those talks were higher after we heard a report durable goods rose more than forecast for the month of february. betty liu sat down for an exclusive interview with the federal reserve bank president of st. louis who is speaking at the 17th asian banking conference in hong kong. eddie started asking about that policy following last week's meeting and the first news conference given by janet yellen. >> i don't think policy has really changed. the committee explicitly said while we changed the language, we are not changing the intent of the policy. i think that message is getting t

. >> from bloomberg world headquarters in new york, i am alix steel in for mark crumpton.m line," with a main street perspective. a new into the return of cold war and we will have the latest on march madness. for viewers here in the united states and those of you joining us from around the world, welcome. happy friday area we have. her job the

. >> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line."a is scheduled vote on whether to join russia. then republican conservatives gather for their annual meeting. we will examine the high-security business of storing copper. to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. pure cook reports on congresses step toward

i am mark crumpton in new york. associated press is seeking troopsan seized control of the naval headquarters in crimea. they detained the ukrainian naval commander and blocked officials from traveling to the peninsula to diffuse tensions. ukraine's military, which is heavily outnumbered in crimea, has come under increased pressure. authorities investigating. missing malaysian jets are trying to retrieve deleted data on a flight simulator along into the pilot. the malaysian police chief says files containing records of simulations carried out on the program were deleted on february 3. the search for the plane in the south indian ocean is focusing on an area about the size of italy based on analysis of the planes fuel reserves. the u.s. has reached a $1.2 billion settlement with tell yota.death -- with to under the agreement, they admit it misled consumers by making deceptive statement about to safety issues. toyota will play the financial -- pay the financial penalty. that is a look at the top stories. it is 26 minu

. >> i am mark crumpton, this is bottom line, the intersection of business at economics with a main streetrussia is hit with u.s. and eu sanctions following crimea's a session vote. malaysian officials investigate possible pilot suicides in the disappearance of flights 370. and we will look at the largest supplier of tram cars. to our viewers in the united states and those of you joining us from around the world, welcome. we

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line." today, congress passes a financial aid package for ukraine. then, what's in store for the banks that fail the latest fed stress test? and we will look at a game changing ruling for college athletes. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today's. megan hughes has the best and worst of promoting obamacare. vegas wheres in las republicans are recording mogul sheldon adelson. thephil has more on ukraine. what is the next step before the aid package reaches key of? >> we had a big breakthrough today. both the senate and house passed versions of this bill that will guarantee loans from the imf. what is next? -- what we hear from house and senate aides right now is that the house is going to move forward with the senate version and it should be done. this is a long way from where we were a few days ago. basically, senate democrats blinked. the white house did not ge

. >> from bloomberg world headquarters in new york, i am mark crumpton.om line," the intersection of business and economics with a main street perspective. president obama and nations leaders meet in the hague. russia excluded from the g-8. and looking at the religious rights of corporations. >> to our viewers in the united states and those of us -- those of you joining us around the world, welcome

. ♪ >> from bloomberg world headquarters in new york, i am alix steel in for mark crumpton.om line." today, president obama ordering a new round of sanctions against russia over the crisis in .kraine then, why the president's top advisers oppose the keystone pipeline. we will take you inside a lab that develops tasty new flavors. to our viewers here in the united states and those of us joining -- those of you joining

. ♪ >> i am mark crumpton. this is "bottom line."sident vladimir putin calls for the annexation of crimea. then, the u.s. treasury says regulation will support virtual currencies. elon musk takes advantage of u.s. dependence on russian rocket engines. to our viewers here in united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today.

. ♪ >> from bloomberg world headquarters in new york am a i am mark crumpton.omom line." malaysia expanded search for the missing aging-bound jetliner. unrest overseas. to our viewers here in the united states and those of you joining us from around the world, welcome. full coverage of the stocks and stories making headlines today. alaer

. >> i am mark crumpton.of business and economics with the main street perspective. men's wearhouse and jos a bank strike a $1.8 billion deal. we will see how one of the world's most popular helicopters . to our viewers in the united states and to those of you joining us around the world, welcome. we have full coverage of

. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton. as his "bottom line."ent obama says russia's actions in crimea violate international law. a $4hite house sends trillion budget proposal to congress. geeking and next appoint in the -- could get a lot harder kicking an extra point in the nfl could get a lot harder next year. to our viewers here in the united states and those of you joining us around the world, welcome. we have full coverage of the stocks and stories ticking headlines today.

. ♪ >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line."ps for health care insurance and at midnight. in the u.s. supreme court revisits the question of patent protection for software. with theive interview third highest-ranking member of the u.s. house of representatives. to our viewers here in the united states, and those around the world, welcome.