eric chaney and maurice levy. they will carry on. about the markets. this is an economic story as much as a political one. sebastian galli will be joining us at 6:30 a.m. in new york, 11:30 a.m. in london. that means 12:30 here in paris. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." in the philippines, there will be a new head of the central bank deputy governor will succeed the current governor who leaves in july. the philippines has record low interest rate and growth may be as high as 7.5% this year. the private equity firm kkr in talks to make a preemptive bid for toshiba's memory chip business. the discussions would speed up the completion of a sale and and negotiations with other potential bidders. would paydicated it at least $16 billion. the two largest cable operators in the u.s. have agreed to explore ways to work together in the wireless business. comcast and charter communications what you better give you in the mobilephone industry such as verizon and at&t. they plan to use the combined size to negotiate

tom: sir martin, i spoke with maurice levy yesterday.idea who you're talking about. i thought he retired, tom. tom: he is working toward that. you will never retire. you thisn, let me ask in question i asked levy yesterday. how do you adapt and adjust to facebook and google, the dominance becomes ever more so -- what is a server martin sorrell to recalculate or recalibrate how you deal with these two behemoths? >> digital is 40% of our revenue. $16 billion of net sales. 40% of that is coming from digital. if you look at our media portfolio, it is $75 billion. that is the amount of media we place around the world. number one in terms of investment by our clients or by -- google, just under $5 billion last year. number two is the murdoch next at $2.59.s facebook number three at $1.7 billion. the first quarter of this year, facebook is over. google a little less. they're more effective by currency and the strength of the dollar. this simple answer is numbers one and three in terms of where we invest the money of our clients in the media has