michael bell joining us from jpmorgan asset management. it is weekend, right? you go see movies. >> and friday night is the big movie night. >> or a nice saturday matinee. >> depends on the weather. >>> the u.k. prime minister david cameron admitted he held a stake in his late father's offshore investment fund. in an interview, cameron acknowledged he did own shares in the panamanian trust but sold them prior to becoming prime minister. >> samantha and i had a joint account. we owned 5,000 units in blair moore investment trust, which we sold in january of 2010. >> he paid his taxes. he sold the shares and the trust before he became prime minister in 2010. i'm sitting on the fence in this one in terms of -- not just with cameron but in general. this is hacking of a law firm that specializes in placing money in offshore accounts, which isn't illegal. >> it's not illegal. that's something we need to stress. but it's about the elitism. there's this sense of anger. but as you say, nothing that's illegal. >> by all means, i'm happy to have ethics conversations, philo

like michael jackson. >> gam bell says the two weren't close, but he met prince on a few occasions, callinge, unusual, and flamboyant. and we're just finding out that the sheriff in carver county, minnesota, will have a news conference at 4:00 this afternoon with an update on the investigation into prince's death. so be shire to tap the free nbc10 app for pictures, remembrances and more reaction to prince's death and life. and you can also read how the tonight show's questlove once threw an impromptu party for him right here in philadelphia. >> well, we're not going to see purple rain falling from the sky today, but weather is wet weather is heading our way as we take a live look now at market street in center city, philadelphia. bill henley is here now with our friday forecast. how is it looking? >> gray skies for most of the area. clouds moving in, and temperatures rising. your seven-day forecast is scrolling at the bottom for each part of our area, not just one seven-day forecast anymore. sunshine today fading as the temperatures climb. 73 degrees with mostly cloudy skies in philadelphia

michael ward earlier on "closing bell." >> the coal is very challenged.w, we were down 31% in this quarter, and we expect a similar reduction as well in the second quarter of this year, and if you think about this, both the strength of the dollar and the low commodity prices, it's impacting a lot of our markets. >> as you mentioned stock is higher. and analysts have been encouraged, and csx's stock has rebounded off the three lows, still, though, a third down from november 2014 records, melissa? its thank you very much, susan lee. >> if we heard erv in that report except for costs coming down you would have thought doom and gloom. the data points we're getting so far, alcoa yesterday, e p. s beat, revenue miss, jerusalem person that was a disaster they warned on. gap a disaster as well. >> everybody knows these things have been talking about. tim talks about it all the time, so why is csx rallying? it's not a lot cheaper, but it is cheaper than norfolk southern, and a lot cheaper than a name like kansas city southern. you get the point. i think what's hap

michael and mario andretti. stock futures point to a recovery rally at the opening bell. >>> 4:53. developing this morning, authorities are investigating a suspicious fire overnight in germantown. the details coming up at 5:00 a.m. we'll be right back. > we have t now. it is 4:56. the action cam is live in south philadelphia where a horrible crash took place. this is columbus boulevard near oregon avenue. a car smashed into a building right over there. you can see the wreckage, four people were inside this vehicle. two of them were ro announced dead at the scene, two others seriously injured. police are telling us that the building that the car crashed into was a peco building is okay. again arc deadly accident -- again a deadly accident karen has been following we'll have road closures in just a few minutes. >>> new exhibit at adventure aquarium opens to the public. the shark bridge brings you inches above the nearly 30 sharks that swim below. it's the longest bridge of its kind in the world. the shark bridge is free with aquarium admiration. >>> i'll give it a shot. >>> might be

leveled at her from various voices about the idea of invoking the mothers of treyvon martin, eric bell, michaelness. i also think that -- >> some saying you're capitalizing on it, sensation sensationalizing it. >> pop artists in a moment of upheaval or in civil rights, whether you are steph vie wondeo marvin gaye. this is a -- we're in a civil rights movement, black lives movement, if you are an open artist, you're going to use it as fuel to communicate. we are in a visual era now, right. so whether you were nina simmone, stevie wonder, we have instagram, snap chat for ideas, integrate thought. that's what this is doing. she is making us not forget those mothers' faces, not forget those boys. >> there is value in that, no question. when you meet those victims' families, they want their pain to matter to somebody. interesting, segue, but not completely. the idea of talking about what's out there in a provocative way and putting it on your shoulders no matter what, that's all about the man that we just lost in prince. you knew him so well. when you see this, i see what beyonce is doing here is ki

abigail: we will have intel reporting after the bell and analysts are starting to weigh in here yesterday. michael was saying he expects the company to miss the midpoint of expectations. he reduced his full-year sales outlook. today, wedbush's same the sentiment could be at bit of an opportunity. and analyst expects an in-line quarter. we take a look at the stock's performance after the last earnings reports and it has been a mixed bag. it will be interesting to see how this one plays out. betty: abigail doolittle, thank you so much. the stoxx 600 is known 6% to date despite rebounding from a february low. what is the main risk to investors going forward? mark: there are concerns that remain about political uncertainty as well as narrow m&a deals get emm done. joining us now is garry mccarthy. of the big stories is the global markets that got it shares trading. it has been a pretty quiet year for ipos and 2016. basically before today, only 10 companies have listed and that is all biotech firms. this is reflective of the global ipo market, isn't it? >> there are two factors behind it. one was how s

ellis and michael, thanks to you both. 18 minutes before the closing bell rings. holding onto gains of 77 points. good for half a percent. shares of twitter tanking. look. down 15%, plus earnings missing on all fronts. and the old ceo dick costello can't be blamed anymore, is it time for twitter's swan song? charlie breaks it next on "countdown." i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asthma is well controlled on

bell. flyers said they needed to play better around michael neuvirth but talk is cheap. they knew what they had to do but they just did in the get it done. second period capitals on the attack, marcus johansen sets up, nicholas backstorm, one timer, that was the only goal of the game. caps win one to nothing. they will play penguins next. the flyers just in the good enough, something they will have to learn from. >> they're a good, well rounded team. their special teams are very good. they have it figured out. they shut us down a little bit per se. but, you know, we have donna lieutenant of things certainly. >> for me it is unfortunate that we didn't win. that is what we take out of it. obviously, we're not satisfied. we know we contact do better. i think this will be a learning experience for this group in here. >> definitely a great year for the flyers. that is sports in a minute. i'm sean bell. >>> okay. more trouble for controversial quarterback,. >> instead of facing team owners and other officials in the nfl, manziel has been indicted by dallas county grand jury on

bell. flyers said they meant to play better around michael new birth but talk is cheap.ew what they had to do but they just did in the get it done. second period capitals on the attack marcus johansen sets up nicholas backstorm, the one timer. only goal of the game. the caps win one to nothing. they will play penguins next. flyers just in the good enough. something they will to have learn present. >> they are the best team for a reason. they are a good well rounded team. their special teams are good. their pk they have it figured out. they shut us down per se, but, you know, you cannot base it all on that. we could have done things differently. >> for me, obviously it is unfortunate we didn't win. that is what you take out of it. we didn't win. obviously we're satisfied but not satisfied. we know we can be better. i think this will be a learning experience for the group here they had a great year. that is sports in a a minute. i'm sean bell. >>> i went to that game with chris murphy, we took his daughter, erin, as they walk in they gave out these t-shirts. the flyers sho

bell -- no. no. this is live with kelly and michael because we understand the name is now up for grabs today, mike. >> you've got to move fast on that one. >> i'm kelly evans at the new york stock exchanges with mike santoli. >> i'm mike santoli in for bill griffeth. while everyone is watching shares of netflix declined today, another mad i can't name is sinking, viacom's slide coming up. >> target raising it's minimum wage to 10 bucks an hour. we will break down the impact of the wage debate. >> plus the car of hbo's silicon valley will join us live ahead of this weekend's season premiere. we will discuss the potential impact on the real silicon valley will have on that show. >> as we await earnings after the bell today from intel and yahoo among others david faber spoke with jeff smith earlier. he joins us with more on that fascinating tale. >> people are so focused or at least many publications are very focused on yahoo's potential sale of its core business but there doesn't seem to be quite as much focus on the impending fight that's taking place with starboard, the firm that owes 1.7% of the sha

bell and along with the guidance. carol: thank you. stock -- netflix. joining us from minneapolis is michaela senior research netflix p arevers nice to have you here with us. let's talk about earnings. what do you expect from netflix? >> week spent a solid report. the focus for investors is on international. they missed domestic and the good news is it brings expectations down. as they inch closer to a saturation point, that is may be becoming less relevant. they are probably halfway to what will ultimately be 60 and 70 million u.s. subscribers. on the international side, we are in the early innings. it should be enough to sustain the stock. carol: they are still losing money overseas, correct? >> they are. whereare certain markets they have become profitable. canada, western europe, some of those countries are becoming profitable as well. we expect profitability to lag domestic profitability because as they enter the new markets, they have to do a lot more marketing. these are markets netflix has not been to before. did anyou guys interesting survey and took a look at a lot of students. tel

bell today. jonathan: coming up, we get michael's investment advice., exclusive with roger goodell. that is coming up on the program eight minutes away here in new york. futures are positive. ♪ jonathan: bob is still with us. looking at what happened in the a quietket, we have had back up in yields and a retreat in bonds that has not gotten a lot of attention. or just yields tracking worker does going? government bonds that of the bit, but if you look at the corporate on market, corporate bonds have done pretty good. credit spreads have come in. high-yield trading at close to 10% back in february now trading at seven and three quarters percent. recoveryhis is normal responding to central bank intervention. people are taking credit risk again, kirk -- corporate earnings have and see companies where they do not have good topline growth, cut costs. it is all quite possible. we talked about the negative yield, they are taking credit risk, outright risk and outright losses. the most read story on the bloomberg yesterday, risk. walk me through that here how

bell tower which can be seen far and wide across the city. >>> a hometown hero of the vietnam war was remembered today in penns landing. a statue honoring corporal michael crestens was dedicated. he received the medal of honor for wiping out three machine gun bunkers during a battle. he lost his life but many others in the unit. >>> is there much more to come tonight on "action news". he a says his story is one of two great loves, former pennsylvania senator announced his second marriage at the age of 90, and this time, to a man. >>> secret files of 9/11, obama administration might release never before seen pages from a congressional report, but experts say those pages could reveal. >>> plus the flyers season is over after they give up game six of the first round of the stanley cup playoffs but fans showed them some love anyway. jeff skversky has sports when "action news" continues. pope francis crashed an earth day event at a park in rome but no one here complained. pontiff made a surprise visit to urge the crowd to take care of mother earth. he urged them to pray for poor people who bear an unfair burden of pollution and toxic waste. last year he wrot

jonathan: michael buchanan, great to have you with us this morning. he will be with us. the opening bellway on "bloomberg ." stocks are lower across much of europe. ♪ "his is "bloomberg david westin and vonnie quinn, i'm jonathan ferro. futures are low. off.utures you hear the opening bell in new york. led by the automakers and the banks on the session down in europe. the fx market, we have been hammering this all day. we just go lower, lower, yellow -- lower. this move made all the more remarkable because we see dollar strength on euro-dollar. the yen strength remarkable. the dollar-yen, yields keep grinding lower. we are off by four basis points. after the big gains in crude yesterday, we give some of that up. $37 per barrel on wti. julie: we have opened lower. we have the positive sentiment that had come back into the market yesterday really melting away once again. the fed minutes were the catalyst for some of the late afternoon gains, particularly the read on the minute was that the fed members are remaining dovish even if there were divisions within the fomc. the strength w

bell tower which can be far and wide in the city. >>> and a hometown hero of the vietnam war was remembered today, in penns landing. a statue honoring corporal michael crestens was dedicated there. he received the medal of honor for wiping out three machine gun bunkers. he lost his life but saved many others in his unit. modres: the cost of living the pay stays the same. i have to work extra hours just to make ends meet. it's a big struggle. one person that really gets this is katie mcginty. she came from a working-class family. she was ninth of 10 kids. she gets it. she'll fight for equal pay for equal work. katie mcginty will protect social security and medicare. that's why president obama and vice president biden support her, too. she'll make a heck of a senator. dscc is responsible for the content of this advertising. china. india. some of the world's worst polluters. as secretary of state, hillary clinton forced them to the table... making real change by laying the groundwork for the historic global agreement to combat climate change. as president, hillary will invest in clean energy jobs. on fracking, she'll protect families' health and safety

time will tell, but amazon was doing the bell tolling all along and now it tolls for the great merchant bed bath and beyond. let's go to michael in new york. >> caller: thanks for taking my call. i want to say you and your staff are doing a great job. >> the staff is dynamite. >> caller: my question is with limited brands. i have a position that i'm about breaking even with. with the restructuring, i was wondering if you think i should buy, sell or hold my position. >> it yield 2.85%. leslie waksaler runs it, almost everybody has been around when it was lmtd knows that. the stock got hammered today off of what i thought was a very, very good, surprisingly good number. the victoria's secret breakup i think makes sense, too. i do like l brands, and i like it very much, particularly down 10% for the year, which is highly unusual. mark in michigan, mark? >> caller: hey, jim, how are you doing? >> how are you, mark? >> caller: hanging in there. a question for you. young investor in his 20s, i'm looking to diversify my portfolio, and add a utility stock in. i was looking at dpe energy and american electric power. >> the best is amer

bell. the flyers found a way to get the game six against a really much more talented team. michaeleuvirth has been unbelievable but you knew capitals would eventually break through and they did in game six. second period the capitals had been putting pressure on neuvirth and then they finish it there, scoring one goal. capitals get the win and though move on to play the penguins. flyers just could in the play well enough around neuvirth to get the w. >> they played well defensively, pretty tight, we played really well, we just could not get to the net. there is not a lot of room and space out there. >> the phillies, playing the brewers, they played pretty well this series until this game. he hits a rocket to first, ryan hurt could not handle it. the rolls in the outfield. two runs come in. the phillies get on to lose eight-five. that is sports in a minute. i'm sean bell. >>> and, baseball auction, for really big bucks. >> 3.3 million-dollar. the papers from 1857 are called the mag in a cart a of the game, according to the associated press they sold to a bidder yesterday after more

bell -- no. no. this is live with kelly and michael because we understand the name is now up for grabs today, mike. >ast on that one. >> i'm kelly evans at the new york stock exchanges with mike santoli. >> i'm mike santoli in for bill griffeth. while everyone is watching shares of netflix declined today, another mad i can't name is sinking, viacom's slide coming up. >> target raising it's minimum wage to 10 bucks an hour. we will break down the impact of the wage debate. >> plus the car of

michael northberth stopped 31 shots and andrew mcdonald's scored to help the flyers win 2-1. >>> if you hate your cable backs prepare to begin writing it's obituary. him or her bell aber has -- him or her bell aber has news on the volkswagen scandal. >> reporter: volkswagen is close to a deal with the u.s. over the emission scandal. they will buy back or fix hundreds of thousand of cars. they had the software to cheat on emissions test. they have set up a funds to competent individual car owners. >>> modest gains for stocks, futures pointing to a higher open. a report on weekly jobless claims due out today. >>> comcast will let customers watch cable without a set top box. they are launching a limited program to let customers use a streaming device and app. you'll need a smart tv to get the programming. the move comes as the fcc opens up the set top box business. apps have changed the business. >>> we have come a long way from holding the antenna with continue foil. >>> we do. >> reporter: when i was a kid there was the phillies would be on one game a week, we could get the lancaster station, one guy would have to stand there holding the antenna for an inning. >>>

understand he is not michael corleone, business deals with mobsters he has had, but the presidency should not be cos nostra. he makes these accusations that trump is mobbed up, clear as a bell. what do you make as of that. >> i as an italian resent that comment. because the truth is, every time somebody is bad, they're immediately mobsters, immediately italian. i have had -- that's a very racist thing to say and that ain't going to fly here in new york, teddy boy. that ain't going to fly. a lot of them, a lot of italian-americans is as racist is what trump says about mexicans. you cannot say that. and if you're builder in new york, you can't even -- how -- everybody in new york knows somebody that's in prison or in the mob or something. if you're in the media, you do. what he said is racist. >> i don't know anybody in the mob. >> i don't know anybody in the mob. >> bob, do you know anybody in the mob. >> have you not interviewed anybody -- >> i don't want to know. >> these are people that we've run across that -- >> i don't want to go to that restaurant you're supposed to go to meet them. >> what restaurant? >> oh, come on. you know what that restaurant is -- wall streeters

michael for being back with us. you will stick with us and still ahead, netflix reports after the bell today as subscriber growth inchemistry during service keep adding new customers overseas? ♪ vonnie: i am vonnie quinn with your latest bloomberg business flash. little change since april, an indication -- spring selling season got underway. wells fargo builders sentiments index held at 58, greater than 50 meaning more people are building fluid market conditions. 15 minutes. alibaba pictures is investing in two dozen movies coming out this summer. the latest teenage mutant ninja .urtles mission impossible, rogue nation. amazon began movie streaming five years ago as a way to retain customers. a is going now into potentially lucrative standalone business. cost eight will dollars a month. targeting online shoppers and that is the bloomberg business flash. >> let's get back to the markets. a mature trading session handed over the backs of the u.s. about 16 minutes into a session. no big deal here. movers,e look at the the market is looking pretty brazilian. the crude market looks resilient to what you might have expec

this is michael mcconnell running the company will miss its first quarter midpoint in the report next tuesday after the belln week demand and a bearish cross. there could be a serious downside headed for shares of intel. jonathan: think earnings in full focus on wall street, regulatory issues, the fallout from deutsche bank mirror trading scandal. the about systemic failures they -- they have found systemic failures. this is between 2012 and 2014. we have been digging into the internal documents. what have you found it so far? reporter: this is interesting these reports go on. what goes wrong when you have major, major issues? the russian mirror trades issue, you have possibly up to $10 billion of trade flowing out of russia, money moving out of russia, that may not have been properly vetted through money-laundering protocols. what this goes through is people in the bank, and control within the bank, that were set up to flag of these ends question ,hese -- and the question these and at many points over the course of a year, those red flags and warnings were minister by key areas in the bank. ed by key areas

michael pearson is to testify on capitol hill. >> also argentina's return to the bond market. kay kelly will return and tell us what it means. >> after the bellwe'll discuss why nikki sixx is calling on president obama to go after youtube. >> you have nikki sixx and youtube, only on closing bell would you have that. we start in saudi arabia today. all right. we don't start in saudi arabia. so let's go to our cnbc closing bell exchange with the dow down 61 points. joining with us we have rob weiner, ben willis and rick santelli checks in from chicago as well. ben, the tradition lately has held leading up to a federal reserve meeting that the market tends to rally. not a hard rule but that typically is what happens. is something else going on? >> something else is going on. when it's the fomc by itself but the problem central banks around the world are affecting this market and their indecision is creating indecisions across the equity universe, if you will. people continue to seek safe-haven in the fixed income market. you have people's bank of china moving their yen and making comments about their system and how they are trying to deleverage

bell. the one where he gets rejected by the girl. even stream the one where he creates the girl. with unlimited data, you can stream all the anthony michael hall movies you want. i wonder what he's up to these days maybe he's shopping in an at&t store? get unlimited data and your fourth line free when you have at&t wireless and directv. plus, up to $650 in credits to help you switch. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back. volkswagen's emission scandal has been devastating. another company may be facing its own emissions problems. we have more. >> we're talking about the parent company of mercedes. this information came out late yesterday. didn't get a lot of attention because of focus on volkswagen. here is what's going on when you look at the internal investigation. that's all it is at this

michael l., 11, matt 10 years old. brooke shields name and age disclosed. >> because nobody knows my age. >> 21. >> nobody knows how young i 4 meteorologist chuck bell.re over the next hour or so. a pock of briefly pod rat to heavy rain now, getting ready to move into the south side of the d.c. metro area. take your umbrella. you will need it. temperatures in the low 50s. we will stay in the 50 all day. tapering back to occasional showers tonight and >> and that's your latest forecast. guys, please tell me you're not all trying to squeeze into that booth right now. >> we are. >> we're trying. >> mark is here. you excited about that? you do the tease. >> star mark foyerstein right ♪ >> star mark foyerstein right caress presents a fine fragrance breakthrough. ♪ the world's only body wash ...with fragrance release pearls. touch your skin to release fragrance up to 12 hours. new caress forever collection. now available in 4 unforgettable fragrances. jane loves to treat herself. so she loves new light & fit crunch. greek nonfat yogurt with delicious toppings like chocolate and almonds.

michael genovese did trim estimates and similar to cisco the stock is in a trading range and appears to be moving toward the bottom near $70 per share. earnings season kicked off after the belllysts forecasting the largest drop in first-quarter profits since 2010. is withenning and walsh us. also, jeffrey rosenberg. kevin, what is going on with earnings season? kevin: out: not get off to a great start. i think so many companies and analysts have revised estimates downward. such pessimism heading into this earnings season that this sets us up for positive earnings surprises. generally we anticipate a 70% beat rate with earnings estimates every quarter. i think we could be in the 75% plus range aced upon revised estimates. i think earnings will be great, no. i think earnings will be better toward the second half of the year, yes. i think that sets the stage for the secular bull market. vonnie: are you casting an argument for catalysts? the first quarter last year we saw the big drop in back to flat and ended the year flat. why should this year be the same? kevin: i think it is different. last year we had weather-related issues that plagued the first quarter. this year we don't

michael singer still with us. also joining us is the all hands on deck bloomberg gadfly .olumnist lisa abramowicz. futures are flat going into the open. dow futures are down as we hear the opening bellr in europe so far. europe ticketing and in the last few minutes or so, 100 1139. very close to a low. euro dollar, 14 again. storing around the 80 pence level. yields unchanged, 7% change on the 10 year with renewed weakness. copper down for a seventh day. crude is down to. get across to matt miller for the first couple of minutes of trading? red, opening up in the europe was red and green this morning. could see some turnaround year, s&p unchanged in the nasdaq. 1/10 of 1%. taking a look at oil, after getting absolutely crushed on friday. it was down 4% on the end of trade on friday. . off again today, 6.65. it has been up again today. pressure is definitely to the downside as the saudi's say that they can pump as much as they want if you do. gold has been interesting to watch. stocks crossed in january, gold up 20%. it was in its own kind of all market. really winningn far more than the underlying commodity. it has finally hit a ceiling and hasn't moved much in the last few weeks. a

bell) (sighs) kellogg's raisin bran. and try tart and sweet kellogg's raisin bran with cranberries. next next >>> blindsed her. and now kelly ripa are blindsiding michaelrced, anybody? some people? okay. >> maybe she didn't mean it like that. >> he's a hall of famer. he didn't care. >> sources say it was a cheap shot and strahan was shocked. also a hg tv's property brother jonathan scott finding himself in a fixer upper. allegedly --. >>> rnc chairman reince priebus told fundraisers he has a solid relationship with donald trump. and he expects the race to be wrapped up if trump wins the election on tuesday. >> is tuesday the end day date in mind? >> let's put it this way. reince priebus has been talking to a lot of donors following trump's big wins in new york and last week. and i think what he wanted to do is bring party unity. he rules over a fractured party. and some of things he's saying is interesting. one he thinks tuesday is it for cruz. that is what he told donors recently in dallas. if cruz does not win on tuesday the momentum is going to take donald probably to 1237. he also said interesting enough that he's really good personal friends with