let's start with the bloomberg first word news with mark crumpton. rk: he is the republican presidential nominee for 2016, 69-year-old donald trump. he is speaking out to supporters in bismarck, north dakota, surrounded by some of the uncommitted delegates who are now saying they will support his nomination. the associated press reported earlier today that mr. trump had clear the delegate count hurdle. he said earlier that republican senators and congressmen have been thanking him. he was asked about hillary clinton and e-mail scandal. he said, i want to run against her, this is all probably illegal. he said she is skirting on the edge all the time. he said that is mrs. clinton's history. stay with us on bloomberg television. we will have more on his remarks. michigan governor rick snyder is looking to stop administrative investigations into have two state agencies handle the drinking water crisis. it move follows morning that is hampering state and federal inquiries. the investigations could have what he call a chilling effect on the criminal process

i am mark crumpton. david: about one hour from the close, the dow is up about 1.33%. ,he s&p 500 also up about 1.3% and the nasdaq up almost 2%, 92 points at 4858. shery: the next guest is maintaining a cautious stance toward equities, saying the at best.tlook is stephen auth joints -- joins us. we have seen a trade sideways, frustrating goals and bears. you were once a big bowl. your target was 2500 and one point. where are you now, and where you see equities going from here? the year werlier in scaled back our position and we have maintained a cautious stance since. our view is there are a lot of forces that are uncertain right now and they have to play out. they can be positive or negative. one thing that is happening today that is interesting is the negative fed announcement, if you will, is being taken positively. that is actually a good thing. look at the industrials -- what they are doing today -- they are having a nice bounce. people are saying a be the economy is strong enough to take a thread h

mark crumpton has more from the newsroom. .: beginning our news today, donald trump's campaign manager will reportedly lead the search for the running mate. he will lead the team that will search for and vet top candidates. they will include ben carson. bernie sanders and hillary clinton are in tight races in swing states. mrs. clinton leads in florida and pennsylvania, but mr. sanders leads in ohio. secretary of state john kerry says businesses should use the united states and its sanctions against iran as an excuse to not do business there. canetary kerry says banks open accounts for iran, lend money, and facilitate legitimate transactions. in canada, an initial look at fort mcmurray shows that 90% survived the fire. 900 peopleearly to leave their homes. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. i am mark crumpton. back to you. scarlet: thank you so much. let's get a quick check on u.s. markets before we head over to the nasdaq. we are looking at green across

mark crumpton has more from the newsroom. mark c.: thank you. this may be ted cruz's last stand in the race for the republican present shall nomination. the indiana in primary could make donald trump all but unstoppable. however, a trump defeat could increase the chance for a contested convention in july. for the democrats, hillary clinton and bernie sanders are in a tight race in indiana. still, hillary clinton has 90% of the delegates she needs to become the nominee. for corporations could scale back their plans to invest in the u.s. is billionaire donald trump is elected president. that is according to a survey january. injure it found that the election of a populace would want foreign companies to reduce spending in the u.s. more than 500 companies with annual revenue of half $1 billion or more took part in the survey. russia says there could be a cease-fire within hours in the syrian city of aleppo. in the last two weeks, rebels and forces loyal to al-assad had traded rockets and bombs across the city. the russian foreign minister discussed

mark: i'm mark crumpton. you are watching "bloomberg west." let's begin with a check of your first word news. the head of homeland security says the tsa will speed up hiring to deal with the summer travel season. secretary johnson: we have expedited the hiring. we plan to bring on 768 this year. we have expedited the hiring to bring them on this summer. projected by june 15. mark: in the past three years, congress has cut the front line screeners by 10%. judiciary committee has opened hearings that could lead to the impeachment of the irs leader. they will look at targeting of conservative groups. latimer putin is promising that russia will take steps to retain strategic parity. rizal's new finance minister -- brazil's new finance minister promises to reform the country's pension system. brazil is in its worst recession since the 1930's. i'm mark crumpton. "bloomberg west" is next. ♪ brad: i'm brad stone and for emily chang. this is bloomberg west. coming up, apple drops a billion dollar, investing in one of uber's rivals. what this means for

mark crumpton has more from the newsroom. mark: thank you.the end of the line for ohio governor john kasich. he will and his run for the white house today, just a day after the resignation of ted the sets donald trump as party mayor. mr. trump says he is planning to accept more political donations now that he is the not -- likely nominee. he tells abc news he will probably take "small donations up to the legal limits." willurkish prime minister take the ruling partner to an extraordinary congress amid a widening rift with the president according to a person familiar with the matter this has they thetoday to ask that president respect the prime minister's authority, and allow him to do his job. a minneapolis a 30 said today --ce arranged to meet attorney said today parents arranged to meet with a california doctor who specialized in addiction treatment. the doctor had never met or spoken to prince before the singers representatives reached out to him on april 20. he was not able to travel to minnesota, so he arranged for his son to go instead.

mark crumpton has more from the newsroom. .: donald trump is backtracking on a statement that he would renegotiate u.s. debt if the economy turned south. he said he intended only to signal he would use advantageous market conditions to save money on refinancing with longer-term bonds. mr. trump called suggestions he would favor a default ridiculous and added, you never have to default as you get the money. the money.t it is david cameron's latest attempt to convince voters not to leave the european union. he said that a vote to leave would have serious consequences. i understand why some people's heads and hearts are torn. andnderstand the respect -- respect the opinions of those who think that we should leave, even though i think leaving would inflict real damage on our country. mark c.: the british referendum 23rd. eu is june 2 brazil's lower house is calling impeachment.ote on the senate was scheduled to vote later this week whether to put president rousseff on trial and temporarily forced her to step down. for mayorly rare

. -- mark crumpton has more. mark: indiana's primer will be important to his goal to catch up with hillary clinton. senator sanders is telling supporters with 10 states let's come his campaign needs to earn more than 50% of the remaining delegates of for grabs. sanders says he has 45% of the pledged delegates awarded so far, but only about 7% of superdelegates. $26 clinton raised about million in april, the campaign said it has $30 billion in the bank having intimate. senator sanders raise the first amount -- the same amount last month, marking a steep decline from the $46 million he raised in march. jerry sandusky is back in court as he continues to pursue appeals of his 45 count convictions of child sexual abuse. the 72 euro claims he was wrongly convicted. he is serving a 30 to 60 year sentence for abusing 10 boys. turkey's interior minister says a car bombing that killed two police officers and wounded 22 others in a southern city near syria was carried out by militants linked to islamic state. up to 50 people

i am mark crumpton. joe, scarlet, back to you.et: let's go to a recap of today's market action. down for the major indexes. deepening in the afternoon. we have data on inflation that convinces us some people that that may be in a better position to raise interest rates until june or july. joe: we saw a bit of an uptick in expectations of a june rate hike, but the expectation is that there will not be one. big losers, consumer stocks, consumer staples, consumer discretionary's among the worst. the worst performing sector and the s&p, energy, as oil was up 1.7% today. scarlet: valeant shares rising in after-hours sharing after they reported they will sell some of their smaller cosmetic and pharmaceutical assets as they try to raise cash to reduce debt. "what'd you miss?" first conference taking place in palos verdes am a california. we talk with jeff currie. alix: jeff, great to see you. your calletation of was short-term bullish, long-term bearish. break it down. jeff: our average price forecast did not change. there was some suppl

mark crumpton has more from the news desk. u.s.opean satellites captured an emergency distress signal from egyptair flight 804 minutes after it fell off radar on may 19 according to the national oceanic and atmospheric administration. radioing anegan automatic distress message at 2:36 a.m. local time. a ground station in cyprus received a location from the beacon from five satellites. they were able to pinpoint a crash site accurate within three miles. the data was turned over to investigators, who are now looking into the cause of the crash. during his historic visit to hiroshima, president obama met with those who bore witness to the bombing that ushered in the atomic age of war. obama became the first sitting u.s. president to make the trip to hiroshima without to hiroshima. without apologizing for the action during world war ii, the said the bombing demonstrated that mankind means to the destroy itself. --sident putin is not president hollande is not backing down from labor reforms. protesters walked out of refineries this

mark crumpton has more. .: two people close to the told bloomberg news that he will and his bid for the white house later today, just a day after the exit of texas senator ted cruz. this cements donald trump as the gop standardbearer and sets the stage for an almost certain matchup against hillary clinton in november. cnn reports that, at the address, kasich is not expected to endorse mr. trump. it's not over, that's what bernie sanders is saying after beating misses clinton in yesterday -- beating mrs. clinton in yesterday's primary. say an agreement has been reached with russia to extend syria's fragile cease-fire to the northern city of aleppo. a deal was reached yesterday and took effect at midnight in damascus. officials have seen a decrease in violence since then, but they acknowledge that violations persist in some areas. this agreement follows an earlier deal to reaffirm the truce in the damascus suburbs and the coastal let's talk yet -- coastal latakia province. still, about 3% of students aged 12 to

mark crumpton has that from the newsroom. the fbi's investigation of hillary clinton's use of right the e-mail server ball secretary an end. is nearing experts say the investigation will likely conclude with mrs. clinton being questioned. the fbi standard practice is to interview the person or persons at the center of up row. the race for the white house -- at the center of a probe. the race is shaping up to be a contest between the two most disliked candidates in decades. a 60% trump has -- unfavorable rating and mrs. clinton is at 63% -- 53%. highestld have the unfavorable ratings in 30 years. the supreme court is making it easier for federal workers to file employment discrimination lawsuits after waiting their jobs over intolerable conditions. the justices ruled 7-1 that workers who bring so-called constructive discharge claims have 45 days from the time they resigned to begin the process. the court rejected the government's position that the clock should start once the alleged abuse occurs. for drug kingpin el said he may

mark crumpton has more from the newsroom. mark c.: thank you.nders is promising the democratic presidential contest -- convention will be contested. he says by the end of the primaries next month, front runner hillary clinton will not have enough pledged delegates to win the nomination. senator sanders is counting on being able to flip some superdelegates. mrs. clinton raised about $600 million in april. senator sanders raised the same amount last month -- $26 million, marking a steep decline from what he raised in march. the first u.s. cruise ship to cuba in nearly 40 years pulled into havana harbor today. the 740 passenger adonia became the first crew ship to dock in havana since jimmy carter eliminated restrictions on travel to cuba. travel restrictions were reinstated after carter left office. a judge is temporarily barring the city of louisville from removing the confederate m monument. the monument is 121 years old. it honors kentuckians who died fighting the -- fighting for the confederacy in the civil war. global news 24 hours a day powe

mark crumpton is in the newsroom. mark: house speaker paul ryan says he has not come to a decision on a possible endorsement for donald trump's presidential bid. people close to the wisconsin lawmaker told bloomberg that ryan is ready to end the standoff. they said he is concerned about the split that has developed in the republican party and may endorse mr. trump this week. hillary clinton and mr. trump, both primary winners in washington state. trump's victory moves him to within 28 delegates of clinching the nomination. for misses clinton, there were no delegates at stake. washington democrats awarded their delegates to bernie sanders in march. in washington, a house committee voted to create a federal oversight board to address puerto rico's $70 billion debt crisis. the bill won't be acted on by the full house until after the memorial day recess, and it still faces obstacles in both chambers of commerce -- congress. completeday not be before the june 1 deadline. a united nations report says has reached over 40% of

mark: i am mark crumpton. you are watching "bloomberg west ."dent obama made history friday in japan. he became the first sitting american president to visit hiroshima, were the u.s. dropped the first atomic bomb in 1945. the president said the bombing shows that mankind has means to destroy itself is president obama: we come to ponder a terrible force unleashed in the not so distant past. we come to mourn the dead, including over 100,000 japanese .en, women, and children thousands of koreans, a dozen americans held prisoner. mark: it is estimated hiroshima blast killed 140,000 people. the president met with those who bore witness to the bombing. survivors praised obama or, as one said, "touching people's hearts." opposing u.s. action in world war ii, the president said the hiroshima bombing "demonstrated that mankind does possess the means to destroy itself." japan's prime minister shinzo abe said he will decide this summer whether to go ahead with the land increase in the sales tax. in the past he said the tax hike would be delayed only if the

i mark crumpton. "bloomberg west" is next. crumpton.k emily: i'm emily chang and this is "bloomberg west." to spinning out a business merge with another company. what it means for the company and meg whitman. toyota gets into car sharing -- it's the latest car maker invest in a ride hailing app. we will bring you the latest of it tied up with uber. and pebble out with its first ever non-watch device. can it move into health tech like the apple watch and should it? hp enterprise shares are surging in extended hours. this is half of the old hewlett-packard still run by meg whitman and focuses on storage and servers. they are spinning off and merging it with computer sciences core in an $8.5 billion deal. the name of the company will be announced at a later date. joining us is our senior intelligence reporter. what is your take away on this deal? is it something that was expected? guest: it wasn't expected, but it makes sense. one part of the entity focused on hardware, predominately servers and then finding a network to exit the

i'm mark crumpton. "bloomberg west" is next. ♪ brad: i'm brad stone and for emily chang.his is bloomberg west. coming up, apple drops a billion dollar, investing in one of uber's rivals. what this means for apple's current mission and its relationship with the chinese government. pods a stepic closer to becoming reality? we have the details. tesla shifts reduction into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. can he get there? we will discuss. but first to our lead -- apple dropping $1 billion on uber's rival in china and it's a big deal for several reasons. this is one of apple's biggest deals ever, second only to its acquisition of beats in 2014. it also came in just teed of president of the company met tim cook only about a month ago. and it could be a public show of goodwill to the chinese government. we will discuss what edge this didi in its battle with uber. brian white defended his buy rating on apple on "surveillance" this morning. guest: it allows apple pay to spread through china. it builds up goodwill with the chinese go

more "bloomberg west" next. ♪ mark: i'm mark crumpton. begin with a check of your first word news. president obama says he plans to use his historic visit to hiroshima with the japanese prime minister to reflect on the suffering of war. president obama: our visit will honor all of those who were lost in world war ii and reaffirm our shared vision of a world without nuclear weapons and highlight the extraordinary alliance we have been able to forge over these many decades. the japanese prime minister says he has no plans to visit pearl harbor. a house committee voted to address puerto rico's $70 billion debt crisis. the ill will not be acted on until after the memorial day recess and faces action in both chambers of commerce -- of congress. it may not be ready in time for puerto rico's debt payment. news is suing over a directive of transgendered students in public schools. it accuses the administration of running roughshod over commonsense policies that protect children. i'm mark crumpton. it is just after 6:30 in new york. 30 on thursday

i am mark crumpton. carol, back to you. carol: mgm resorts international out with its latest earning results today. shares are higher. the company beat earnings estimates with a positive forecast for business in las vegas. someompany is facing challenges in china with net revenue down 26% year-over-year. joining us from las vegas is the chairman and chief executive of mgm resorts international. nice to have you here. talk about the quarter. down, neted revenue income if you look year over year was also down a bunch. is it all because of china? >> china was down, and we had some gains last year and a higher tax rate this year that impacted net income, but the most of our money of course is made here in the united states, and we had a monster quarter here in las vegas, which is why we beat the streak. carol: can this monster quarter continue? >> it can. it is. strong april. we gave clear guidance in terms of the current quarter, and we see this las vegas market growing rapidly for all of our competitors as well as ourselves.

i am mark crumpton. back to you. shery: thank you very much, mark. markets close in 30 minutes. doolittle's live at the nasdaq. what are you looking at? abigail: the nasdaq is higher for a second day in a row. it is approaching highs. it will match a record from february if it can go 1% higher today. let's keep an eye to see if this rally can gain steam to break that step. one of the best performance for the nasdaq are shares of western digital. the top percentage performer in the nasdaq 100. shares are higher after barclays rated them to an overrated. shares of western digital may be higher today, about and we look at a one-year chart, we see a sharp, severe downtrend get on today's strength, the stock is hitting up against the resistance of the 100-day moving average, suggesting a turnaround may be tough for a stock that is down over 50% over the last 12 months. one to watch. shery: that is the best -- best stock performance. what about the point boost? abigail: microsoft is higher today on the news the company is cutting up to nearly 2000 jobs in the ailing smartphone unit. i

mark crumpton has more from our newsroom. tracted companies to help locate the flight data recorders from the flight that crashed in the mediterranean sea. 66 were killed. a french and italian company will be working with egyptian search teams to try to find the black boxes, which could give clues as to what happened to 800 four and its final minutes. a state department audit blames hillary clinton and previous secretaries of state for poorly managing e-mails and other computer information. that is according to the associated press. it cites "long-standing systemic weaknesses related to communications. these started before misses clinton's appointment as secretary of state." more troubles for the embattled department of veterans affairs. the agency mistakenly declared thousands of veterans dead, canceling their benefits between 2011 and 2015. there's ea has reportedly acknowledged its mistake and changed the process for confirming deaths. close to 400 refugees arrived in sicily today. they were found on rubber dinghies two day

mark crumpton has that in the newsroom. chief investigator says the search for the plane that crashed last week, killing all 66 people on board, has narrowed to a three mile wide area in the mediterranean sea based on signals from the plane's begin. teams clarified that the beak and information was from the day of the crash and no other -- beacon information was from the day of the crash and no other signals have been received. china endured heavy rains and -- galece winds in the force winds in the first storm of the hurricane season. the weather is expected to last until saturday. it has now reached the western part of the province. has died andperson three others are missing after flooding andought mobile homes washed away. there have been more than 50 rescues since the rain started yesterday morning in austin. in tennis, rafael nadal is out of the french open. he is left-handed and says he injured his left wrist. 24 hours a dayid powered by 2400 to journalists in more than 150 news bureaus around the world. david: janet

i'm mark crumpton.re watching "bloomberg west." let's begin a check -- with a check of bloomberg's "first word" news. they are ready and prepared to go back to the table a minute a cessation is in place. with these new mechanisms and the minute that the humanitarian blockade is opened up. mark c.: the meeting was held as deadly attacks in the northern city of aleppo continued. ted cruz faces a make or break moment for his campaign. he is in a desperate bid to overtake front runner donald trump in tomorrow's indiana primary. trump is the only candidate in the race who can reach the 1237 delegates needed. bernie sanders says, by the end of the primaries, front runner hillary clinton won't have enough players delegates -- pledged delegates to win that convention. it could result in a contested convention. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. i'm mark crumpton. paul allen is in the australian capital as the country's treasurer begins --

let's go to mark crumpton for more. mark c.: thank you so much.is a controversial piece of legislation. the administration warned that this could cause a rift in relations between the u.s. and saudi's. however, those in favor of the legislation said this was needed in the aftermath of the 9/11 attacks, in which there were allegations -- there were allegations that the saudis were involved in the attack. texas senator john corbin is speaking right now. he is handing over the podium to chuck schumer from new york. let's listen in. schumer: i want to really ank the families who worked so hard on this. when you lose someone from such an act, the temptation is to curse the darkness, say, why implode on yourself a bit, pull yourself inward. lit afamilies have candle. their mission is to not only bring justice for themselves, but send a loud message to foreign governments -- if you help create terrorism on american soil, you will be brought to justice. that is such an important thing. i want to thank the families. they have had to end her so much over th

from bloomberg world headquarters in new york city, i am mark crumpton.: facebook has concluded there is no evidence of bias against conservative stories in its trending topics unit, but questions over its power in media persist. facebook maintains trending topics are determined by algorithms, but humans make the algorithms and certain decisions in the process. joining me to discuss, one of those humans, jonathan koren, a former facebook software engineer who worked on the algorithmic system for the trending news section. he joins us from beijing. with me in the studio is mark milian. thank you so much for joining us. what exactly was your role in the trending topics group? jonathan: i worked on the algorithmic personalized ranking. for those who have not been following this completely, people are kind of in the middle of a three-layer sandwich. there is the algorithmic portion that determines what kinds of topics are trending and people go through that list and decide, yes, this is one we want to potentially show to people. the third layer was my layer,

mark crumpton has more. mark: thank you. the presumptive presidential nominee's arnold trump and the house paul ryan met against the backdrop of a party split after what ryan has called a bruising primary season. the speaker told reporters there is a policy difference but that he and donald trump share the goal of beating hillary clinton in november. mr. ryan: i'm encouraged and i've heard a lot of good things from our presumptive nominee. we have exchanged opinions everyone knows we have. plenty of republicans disagree with it other on policy disputes but poor -- but core principles those are the things we discussed. mark: mr. trump held back-to-back meetings on capitol hill. first, speaker ryan and reince previous. then he spoke with kevin mccarthy. from plans a second meeting with gop leaders this afternoon. wall street is betting on a democratic presidential candidate. in the first quarter, hillary clinton $.70 of every dollar spent in the presidential race by employees of the six largest banks. a turnaround, jeb bush an

i'm mark crumpton. it is now 6:30 in new york city.has a look at the markets. >> good morning. beis not really seem to leaking through to the asia-pacific. we look at new zealand. it is off 1/10 of 1%. crude oils strengthened. it was down to $63. also in australia, we are awaiting on the fiscal outlook. there is no nasty surprises afterwards. that will have an impact on that as well. we are now below that. over in japan, g7 finance ministers are focused on boosting growth. that is some of what we watching. i'm paul allen for bloomberg tv. ♪ >> this is bloomberg west. i'm emily chang. to find theping right to be forgotten decision. last year, the commission ordered google to leak search -- googleat led to announced that the it would avoid -- add geo-blocking technology. sticking with google and shifting our search back, google's annual developers new mence unveiled the box. this is google's way of stepping up the competition. i got an exclusive first look. >> it is the biggest entertainment market in the world. show me how it works. thi

i am mark crumpton. bloomberg news is next. anna: emily: i'm emily chang, and coming up on bloomberg west, private investors and had an insatiable appetite for shares. but it secretive, private stock fell. a look at what happened. and shares are through the roof after fine materials beat on quarter to earnings. and can instagram take on the likes of amazon and google? we will speak to the ceo as competition in the greater delivery market heats up. but first, to hourly. the private tech stock has called off an opportunity for everyday investors to buy uber shares. a spokesperson for the company said it became clear the minimum funds would not be selected for this deal, and as a result the sales team began to inform interested clients about this fact. here is how the transaction would have worked. investors shell out for a small stake, until of their goes public organs acquired -- uber goes public organs acquired. we get a glance into the increasingly complicated start investing. looking to buy hot tech startups before ipo. uber

i'm mark crumpton.ice president biden has not endorsed either of the democratic presidential candidates, but in an exclusive interview with abc news, he shares his views on who will win the nomination and the race for the white house. >> you bring up the next president, we are anxious to see . vice president biden: ifo confident hillary will be the nominee and that she will be the next president. mark: the vice president decided not to seek the white house. breaking news on disney earnings. my colleague scarlet fu has details. scarlet: it is amiss for disney for the second quarter. missing the analyst estimates of $1.40, comparing with $1.23 in the year-ago period. a little bit shy when it comes to where analysts have been looking for adjusted earnings per share to come in. revenue for the second quarter, $13 billion, also lighter than what had been anticipated. analysts were looking for $13.2 billion on the number has come down in the days leading up to the earnings report. media revenue -- this includ

mark crumpton has more from the newsroom.kerry is in cairo for talks with egyptian officials, explore the companies -- countries ideas for a new israeli-palestinian peace initiative. secretary kerry flew in a day forr support was offered the french process and said he was willing to serve as a mediator. closing arguments are expected of the 20 civil trial 12 colorado shooting that left 12 dead and 70 injured. 28 victims and their families are suing cinemark holdings. they claim more security measures should have been in place to prevent the deadly rampage. james holmes is serving a life sentence for that attack. chris christie positive approval rating has hit a record low. voters disapprove of the governor's job performance according to a recent survey. trump should not select christie as a running mate. arguments are set for thursday in the case of a baltimore police officer charged in the arrest of freddie gray. he was one of six officers to stand trial in the 2015 incident which resulted in the 25-year-old death after he w

i'm mark crumpton. back to you. hardest jobs in brazil has gone to henrique morales. he called his first news conference today. he says his top priority is restoring fiscal equilibrium. joining us now from stanford, california is the president of merck investments and manager of the mark funds invested in fx. --t happens to that we all to the real? short-term, much cannot get worse. the real challenge we have with brazil long-term is their constitution was changed in the 1980's to tie entitlements to inflation. entitlements are up significantly. they are squeezing spending. with that, unless you have a strong government that can make structural changes, those problems will not go away. the new government can set a different tone that is beneficial in the short term. if you take a look at the bloomberg. , you arehart 1306 looking at the implied volatility on the real. that is that blue line. the white line is swapped contracts. they were buying u.s. dollars and has now stopped. it is interesting, we talk about assets

. >> mark crumpton has more from the newsroom. mark: the republican presidential nomination is in hand for donald trump. ofthe horizon, the selection a running mate. trump said he asked next women to be vetted for his vice -- vice presidential candidate. mr. trump: we are looking for absolute competence. i suspect we will have many women involved, not only with the campaign i've had, but many women involved. you will see that very strongly. mark: trump said he would be willing to debate bernie sanders couldat such an event raise millions for charity. election results has not changed the outcome of the kentucky presidential primary. sanders says he except the outcome and will not ask a judge to order a recount. in baghdad have killed at least 12 people. baghdad, whereof a house exploded as security forces entered during the search. man was intercepted at a checkpoint before he could detonate explosive strapped to his body. the republican controlled house is moving in toss of -- zika virus. toward ae progress compromise. fight theeas

alix: let's check in on the bloomberg first word news with mark crumpton in our newsroom. governor rick snyder is calling to a halt to a ministry to the investigations into how to state agencies handled the flint drinking water crisis. the michigan attorney general says the investigations could have what he called a chilling effect on the criminal probes and might lead to obstruction of justice. the u.s. coast guard says to jets that collided off the north carolina coast had four survivors at have been taken to the hospital. it happened east of the states outer banks. a spokesperson says a commercial fishing ship pulled before weree out of the sea and taken to a hospital in norfolk, virginia. billionaire businessman donald trump has reached the number of delegates needed to clinch the republican presidential nomination. he was put on top by small number of unbound delegates who told ap they would support him. mr. trump is the only remaining republican candidate left in the race. the nomination this summer in cleveland. in paris, right police used tear gas to rake up violen

i'm mark crumpton. "bloomberg west" is next. emily: i'm emily chang. this is a special edition of " bloomberg west." we are in district tall. we will be spending the next to the techiving in companies that call boston home. now the city is getting another huge boost from ge as it fromates its headquarters connecticut to boston's growing seaport district, not far from where we are now. mind ofhapes the current tech leaders -- but the city is working to improve its elf. i want to start with a look at venture capital and the funding environment because a number of top vc's are based here. from nass challenge -- a not-for-profit headquartered in boston -- our guest. $5 billion with over $500 million in revenue. and my cohost for the hour -- gentlemen, thank you for joining us. so, i will start with you. you have been on the show before. it is good to be in your neck of the woods. you guys invested in tech. what is it like to invest in when the heart of tech is in silicon valley? >> i live here. i commute quite a bit. it's smaller, but is very exciting. whe

i'm mark crumpton. back to you. undert: stocks are pressure today.est says the pullback is just beginning and sees an .nitial report the: if we take a look at chart of the s&p, what kind of downside do you think we will see? around 2000. that has a psychological difference as a round number. that is realistic as a target for a correction. scarlet: what do you need to see as far as confirmation signals? short term, the pullback we have seen so far. it comes after a failed breakout . there's nothing worse than a failed breakout from a technical standpoint and that is what we have seen. momentums the loss of turned into an intermediate loss of momentum. clearly, it was quite overbought. alix: scarlet: i want to -- alix: i want to bring up the 50 day moving average. there.ike right right on the 50 day. what kind of acceleration to the downside can we see? guest: the 50 day is a great gauge. i think we can expect the same out of the s&p 500. as the breath of this move expands to the u.s., it's a loss of momentum. it does support downside follow-through. y

mark crumpton has more. mark: american -- an american servicemen killed in iraq has been identified as an navy seal. he was killed during an attack by the islamic state outside the city of mosul. it was the third death of an american servicemember in iraq since the us-led coalition wants to -- launched its campaign in the summer of 2014. the united nations security council has unanimously approved a resolution demanding medical personnel, hospitals, and facilities be protected against violence and attacks. the resolution was drafted by five councilmembers. new zealand, spain, japan, and worldwide. .- uruguay >> something is deeply wrong. tolanations ring hollow parents burying their children and communities pushing the clause to collapse. mark: the international head of doctors without borders criticized counsel, saying that four of the five permanent members have to varying degrees coalitionsated with associated with a tax on health structures over the past year. nearly all the detroit public schools are clo

mark crumpton is in the newsroom. mark: north carolina's bathroom log could cost the state i billion dollars annually. -- $5 billion annually. that is from a new ucla law school study. they could lose federal grants and contracts. in addition to the $40 million in business investments already withdrawn. the u.s. senate wants to undercut the nuclear deal with iran. fetters stopped and amendments that would have prevented the u.s. from buying anymore heavy water, which is not radioactive but does have research and medical applications. it can be used to produce weapons and make giant. surge prints. they saw him on april 7 and april 20 before he died. they prescribed medications but it is unclear if prints took them. they came to the day of his death. federal and local authorities searched his basement. a threat from a top aide to turkey's president rest of air to one -- air to one. it is not allowed turner's construct -- travel. they will agree to take back refugees. the european parliament debated the issue today. a gro

carol: mark crumpton has more from the newsroom. mark: facing the growing backlash over extremely long airport security lines, the head of the department of homeland security says the transportation security administration will speed up the hiring process to do with the upcoming summer travel season. >> we have expedited the hiring tso's. we expedited the hiring of those to bring a month this summer. projected by june 15. facingeople have been growing lines topping 90 minutes and airports. the shifter $34 million to hire 800 screeners is not good enough. they won 6000 workers hired. a senior republican lawmaker said he will unveil additional funding to battle the zika virus. harold rogers said the anti--zika virus measure will be financed at cuts elsewhere. the measure is expected to provide less than a bipartisan $1.1 billion senate measure that was released yesterday. donald trump has picked up what could be a very lucrative endorsement. a casino mogul said he is backing mr. term for president. he said the alternative to mr. trumpi

mark: i'm mark crumpton. you are watching "bloomberg west." opposed to the impeachment of the president -- president locke wrote today. on monday, the leader of the country in delegate -- invalidated the decision. opposition activists say at least 10 people are dead and several others wounded following two airstrikes in northwestern syria. the air raids came hours after a cease-fire was extended for another 48 hours. vice president biden has not endorsed either of the democratic candidates but he tells abc news who he thinks will win in november. >> we are all anxious to see -- >> who she is. i feel confident hillary will be the nominee and will be the next president. mark: mr. biden's comments go further down -- further them president obama. donald trump says he has narrowed his list of potential running mates to about five with deep resumes. he says he has not ruled out new jersey governor chris christie, who has been chosen to head trump's transition team. global news 24 hours a day powered by our 2400 journalists in more than 150 news euro

. ♪ mark: i am mark crumpton, you are watching bloomberg west.security officials say egypt airfest for eac flight 104 contained no known names on the terror watch list. official status too early to tell what brought down the terrorist to cairo flight on thursday. it has six seasons people aboard. -- 66 people aboard. the reclaiming of the small western talent by iraqi forces is being seen as a symbolic morale booster. islamic state had occupied the town for the past two years. the iraqi army says the main road from him on to baghdad, a significant economic lifeline for iraq american now be reopened. european union nations have agreed to make it easier to suspend its visa waiver program with some countries. it comes as turkey is trying to secure visa free travel for his citizens. the so-called suspension mechanism when called into play to ensure security. it would apply to georgia, ukraine, kosovo, and turkey. british prosecutors say the man who climbed over a buckingham palace wall and wondered the grounds or 10 minutes on wednesday was a convict

david: let's check on the bloomberg first word news with mark crumpton from our newsroom. ryan house speaker paul says efforts to unite the republican party with donald trump is the presidential nominee won't happen overnight. : i won't get to the day to day, up and down on this campaign. don't get in the habit of thinking what is up and what is down and what article is here. i'm focused on parties and principles in unifying our party. we just began our process, it is well underway, and that is what we're focused on. about a pollked that said voters asked -- said trump could lead the party. he said the person is going to get the nomination of our party is the person to lead our party. the house armed services committee has stripped a provision from the annual defense policy bill that would have required women to register for a military draft. a top democrat on the panel is against the move. but republican pete sessions of texas, the rules committee chairman, says he is opposed to color thing americans -- america's daughters to sign up for a potential draft. defying the whi

i'm mark crumpton. scarlet, back to you.we are now brazil where we have heard that beendent dilma has impeached. we go now live to brazil and what to expect president temer to say right now? >> you are right. he has gathered just about a half a mile away from me right now and he is swearing in his new cap it i think what he expects is to give a speech that will try to unite a nation which this has united and been very traumatic for the fiercean people with a battle between dilma rousseff and michel temer. he will also try to down scale expectations somewhat. there is no easy way to face the economic challenges that brazil faces. deficit in the worst a decade and unemployment is on the rise. it will be a very tough half -- tough path for him to follow. scarlet: these are forecast for 2016 and the weight line is the gdp forecast. gdphe white line is the forecast. this shows that rock-and-a-hard-place situation that brazil is in right now. michel temer moved pretty fast to get a new cabinet. what is the significance of the info

. ♪ >> i'm mark crumpton. let's get to first word news.he agency will add 768 new screeners by mid-june to deal with the long airport security lines. several factors had contributed to added wait times including more passengers and a shortage of applicants for the applicator did -- expedited screening program. hillary clinton is blamed for poorly managing e-mail and other computer information. it cites long-standing systemic weaknesses. the started before mrs. clinton's tenure but her failures were singled out as more serious. the romanian hacker who accessed the computer accounts of the bush family and others has pleaded guilty to identity theft in federal court. he admitted to unauthorized access of a protected computer. he is best known for hacks that reveal bush family photos and tointings connected george h w bush. the hacking led to the revelations about mrs. clinton prim private e-mail account. at a news conference with prime minister shinzo abe the president discussed a scheduled visit friday to hiroshima which was leveled by a u.s

i am mark crumpton. alex: let's get a recap of today's market action.tocks slumping to a one-month low. the dollar climbed on a better-than-expected sales report. financials were the biggest laggards but retailers continuing their high-performance of tumbling because of those different -- disappointing results. we're going out fairly close to the lows of the day. alex: you have to wonder how much more downside and surprises there in the retail sector. it is a queer understanding these guys have a serious problem. i did some calculations that media stocks fell 17% after disney had that bad summer, the quarterly report that can the summer. i would kind of echo that and investors re-rate with the thing. it could be meaningfully impacted. we also have walmart and target with a report out so we have another glimpse of the consumer and how strong he or she is. be up for an might upgrade from moody's. take a look at the yield on the irish 10 year bond. you can see there it has con -- come down and picked up a little bit this month but certainly a huge improvem

i am mark crumpton. back to you.t: more on breaking the jury reaches a verdict that google of developed this without oracles use of java. cory johnson joins us with more. what was at stake was a $9 billion slice of google's android business that oracle no longer has claim to. reporter: it is interesting because oracle acquired this, they said during the trial, one of the reasons was the pile the desk all you take be placed on java. it is an open language and shared. the entire order of job required licenses. android was built entirely on java. they did it without requiring a license, oracle top had a big claim to that. just thought they had a big claim to that. oliver: so what will oracle miss out on, a lump sum payment? $9 billion. they spent a lot on the trial as well. this was the second trial. the first was also, it was not with they wanted. they got kicked back to court, same judge, overseeing the trial once again. so this means oracle cannot pursue other arrangements and other suits. it will be harder for them.

from the bloomberg news bureau in new york, i'm mark crumpton. "bloomberg west" is next. ♪ emily: i'm emily chang and this is a special edition of "bloomberg west" in boston where we are surrounded by 1500 government and civic leaders for the annual meeting of the chamber of commerce. --come to those turning in tuning in on television and those here in boston. a huge discussion topic is the growing tech infrastructure. we will hear from the person who helped spearhead the move to boston, mayor marty walsh. first, we want to begin with biotech because while boston may have fallen behind look on valley in internet startups, it is holding its own in this sector. massachusetts gets more than triple li na of funding from the national institute of health in california. venture capital funding also spiked to a record $2 billion last year. the area we want to focus on his cambridge, home to 180 tech companies and all five of the top london hospitals in the united states as well as harvard and m.i.t.. our next guest comes from the isrt of that area and fo

♪ mark: i'm mark crumpton and you are watching "bloomberg west."taly joined the rest of europe and extended legal protections to gay couples. the countries lower chamber of deputies gave final approval to legislation that italy's senate passed in february. the stopped short of authorizing gay marriage. islamic state is claiming responsibility for a series of at least on today in baghdad. the blasts left 93 people dead and over 160 wounded. the targets included an outdoor market and police station. house speaker paul ryan scheduled to meet tomorrow with donald trump. ryan said today that republicans have some work to do. >> we go into the fall at half strength. this election is too important to go into an election at half strength. we need a real unification of our party. mark: last week, the speaker said he was not prepared to endorse trump's candidacy. arson is to blame for a fire at a fertilizer plant in 2013, causing ammonia nitrate to ignite. the blast destroyed more than 500 homes. global news 24 hours a day, powered by our 2400 journalists in

i'm mark crumpton. emily: i'm emily chang and this is a special edition of bloomberg west from the storied m.i.t. media lab in cambridge, as it use its. it's the birthplace of so many innovations like touchscreen devices and gps. we have spent the last few days speaking to the entrepreneurs and investors driving the startup scene and heard from the cities established layers in robotics and i/o tech. the next hour going behind the scenes to where the ideas are conceived. the media lab specializes in anti-disciplinary thinking, looking for misfits and rebels, working on ground breaking products no one else would take a risk on. other ideas that got their start here, the precursor to google street view and one narrow by all it is here just one mark zuckerberg's breakthrough price. the media lab is pioneering research in biology, agriculture, urban living and more. m.i.t. sits at the heart of some of the most cutting edge in robotics with companies like boston dynamics and irobot. this lab has strong corpor

let's start with a check of the headlines with mark crumpton in our newsroom. : a senior greek air safety official tells the associated press that debris found so far in the mediterranean seed does not belong to aircraft. the jetliner was bound from paris to cairo with 66 people aboard. it reportedly crashed after what an extreme call series of abrupt turns. no immediate signs of survivors. it was an airbus a320 carrying 56 passengers and 10 crew. it went down halfway between the greek island of crete and egypt's northern coastline after taking off from charles de gaulle airport in paris. the aviation agency said floating material including life jackets plastic items were found a greek island. the egyptian aviation ministry said it may have in a terrorist attack, but the white house says it is too early to say exactly what happened. donald clinton says trump is not qualified to be president of the united states. sheng an interview today, criticized mr. trump, questioning his ability to handle complex foreign-policy challenges and his "irresponsible, reckless, da