[laughter] ♪ >> mike bloomberg spent 12 years running the country's biggest city -- new york.t is no wonder he thinks local government is the bedrock of society. >> cities are where you distribute services. federal governments and state governments tend to move money around. cities are where you pick up the garbage, where you educate the kids, where you bring down crime, where you enact health measures that you can actually see. what you can buy, how it is labeled, where you can use it, those kinds of things. if you take a look at most of the progress that has been made in climate change, for example, it has all been done at the city level. very little -- even in this country, when we are fighting guns, obesity, when we are trying to improving the school systems among those are not done at the federal and state level. those are done at the city level. >> bill, i have always wanted to know this from you. you have such a huge arsenal of resources. both of you do. how do you pick the causes that you get behind? >> globally, i think the greatest inequity is how poor children don't

mike from bloomberg news, thank you for joining us. set rightng and are now.l the small-cap? >> it is about one billion on average. up 40% year to date. we're going to be on the markets again and 30 minutes. which wasmart" reagan is up next. ♪ >> stocks slipping today. the dow and s&p also lower. "street smart starts now. welcome to the most important hour of the session way 59 minutes until the close today. in an exclusive interview, the former secretary of the united states takes on our massive wage gap.

they were approved for free space by former mayor mike bloomberg.ow launching a ad to put pressure on the new mayor. >> i vote for mayor de blasio because he talked about looking out for the have not's. >> mayor bill de blasio talked about the tale of two cities but wants to take away options from the two communities that need it the most. >> my daughter would have a better opportunity an a charter school. >> despite the success of charter schools, the mayor wants to stop them from opening and expanding taking great school from new york city kids. >> my kids deserve a choice and a chance to succeed. >> he told business leaders at a private meeting he would support legislation to give extra money to charter schools that had been kicked out of public facilities by the mayor. de blasio was an outspoken opponent of the charter programs when he was running for mayor. he frequently criticized former councilwoman who runs nonprofit group in charge of three schools in question. he said last year she has to stop be tolerated and enabled and supported. he sai

handguns i would put the minority president obama said he wants to ban handguns, probably mike bloomberg, those type of people if you edit them up you will get less than 10% of the population. stuart: i hope you can come back soon because this is really poignant for the moment. another example of success in private industry and american technology. elon musk new rocket able to travel all the way to mars. we have got it for you next. it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. sometimes they just drop in. always obvious. cme group can help you navate risks and capture opportunities. we enable you to reach global markets andrive forward with broader possibilities. cme group: how the world advances. stuart: space x says it will launch before the end of the year d

stuart: you did this with chuck schumer, i think the former new york mayor mike bloomberg.his with conservatives, republicans? would you ambush ted cruz, for example? >> if there was something worth exploring in a story, sure. but generally especially in this town, it is controlled a left-wing worldview and you have the media in general who is targeting conservatives and ted cruz and mike lee and rand paul on a daily basis. nothing new to target a conservative politician but we have a class that seeks to overall through their tepid and embarrassing reporting politicians aggrandize power and really the people who they are supposed to be looking after. the media is complicit in this rule, so while republicans should be put on notice and blast as well, you have the mainstream reporters who do that all the time. stuart: you got it. always good to see you. curious about a stock? we told you to tweet us using hashtag "ask payne." you asked about it, tell us about it. charles: boone pickens was on air today, thought it was a good one. here is the deal, stocks making a nice move to

looking at a statement mike bloomberg said, today, i join president obama where we discussed this budget proposal and his initiative to help young black latino men realize their potential. -- i want to ask you about the last part of that. is this something we will see happen? guest: i do not think it is something i will be passed this year, but out of all of the budget talks that happened last week, the expansion of the earned income tax credit is the greatest area of compromise amongst both parties. republicans really like it republicans really like it because it rewards working people and democrats have always liked it because it helps low income people. it is a fertile ground for two parties to compromise and is -- it is something that exists. earned income tax credits is something we are to have in place. it will be an expansion of programs that is successful. host: next is scott in ohio on our republican line. caller: i just have a comment about what nancy has to say about obamacare affecting employment. a lot of businesses have said they have decreased because of obamacare. guest:

two of the preschools were pushed by a group of charter schools that has been backed by mike bloomberg from wall street. while de blasio aides emphasize, a majority went untouched for the charters, the move proved controversial. last week on the cover of ""the new york post"" they pick up a critical post where eric cantor singled out bill de blasio over these charter schools and andrew cuomo joined with moskowicz tuesday for a huge rally on the state capital. their message? charters work. >> i am committed to ensuring charter schools have the financial capacity to physical space and the government's support to thrive and to grow. >> mayor de blasio led his own rally two blocks away returning to push his plan for universal pre-k. >> we are closer than ever to opening next school year with 54,000 full day pre-k seats in new york city. that's tens of thousands more full day seats than we have today and that is a game changer for our children, a game changer for our families. >> joining us now to talk about the schools, the drama and the students we have a professor of sociology at nyu and

and bloomberg's mike mckee. >> weatherman and economist. >> weatherman and economist.what you got to be. >> when we come back, it seems like minutes since we talked about bitcoin. trish and i will talk about where these start up money is coming from when "street smart" continues. ♪ >> ok, bitcoin, which is considered by many to be a financial novelty, is trying to evolve into a global financial network. bitcoin received ash get ready, 100 $50 a whopping million in venture capitalism is. >> oh! -- 19 different investors. matt miller has been doing a lot on that point. you have been very positive on this alternative currency. i'm positive on the technology. i'm not necessarily positive -- >> i think it is interesting. i do not know if we can quantify how much money has been invested in bitcoin. i had lunch the other day at the four seasons with bobby lee, the ceo of the company and china. the wholend alex and crew, hanging out there. some investors, hedge funds were there as well. it seems there is a lot more than thisn this area $119 million figure would really illustra

what do you say to the mike bloomberg's of the world?v. >> i would say that he needs to really reflect on his decision-making. right to bear the arms. it is our constitutional rights. it is our second amendment right. we have a right to defend ourselves. just because he is wealthy guards,o hire his armed that is his choice. the rest of the americans who want to carry and protect themselves and their children and families, they have that right based on the second amendment. therefore he should not be trying to influence and causes bees wedge issues just to do political. we are both from different parties but we both agreed that the second amendment helps save lives. it held people defend themselves. >> facebook for this freedom. rank-and-file has always supported the second amendment. there was a survey done recently. nine out of 10 current retired police officer support concealed carry laws. you will not hear that out of some of the chiefs of the that -- coming out of some of the chiefs. thank you. ♪ ladies and gentlemen, please welcome

bloomberg. golf with mike. he is an avid golfer. >> that's a nice guilty pleasure.l the places you coul evenr been, where is your favorite? >> i learned the most in haiti. --ti is a tough lace to go tough place to go. it's a 45 minute flight from miami. deforestation has destroyed everything. i have learned more from illiterate peasants in haiti than anyone else i can recall. >> we had the identical conversation with the supermodel each are dad and the sports illustrated swimsuit edition. she moved there after visiting haiti and said that almost the identical thing. a 45 minute flight from amy. you're in good company. >> i have a lot in common with supermodels. [laughter] >> thank you so much for joining us. what a treat. back, havingme second thoughts? perhaps hedge funds went big on fannie mae and freddie mac. we will be back. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> you're watching market makers on bloomberg television. i'm erik schatzker. >> a pretty good opening act. >> i think so. ji

mike white. here to discuss this is porter bit. and bloombergrch for bloomberg business week in tv, eric timmy. we also have anti-with us. this? >> it take on is not news. charlie ergen for months and months and months. that was the catalyst. charlie has been amassing enormous amounts of spectrum. for dish andans direct, not just in broadcast and video, but in telecom. changing industry. changing quite rapidly. plans, what doig you think might entail? >> he has to get regulatory approval. he will have the biggest aggregation of video customers in the country if he can put dish and direct together. >> as we talk about the changing industry am a what are some of observations in terms of how the landscape is shifting? >> this time warner opportunity, it's them an opportunity because they got rejected a decade ago to do this. if they allow satellite radio to emerge, why night -- not satellite video? given that, it is a great time to say me, too. in terms of my research i have done, we look at advertisement rates and talk about how network time time

schneider, bloomberg's on meteorologist and mike mckee putting numbers on it.rmland could be an issue. >> coming up, reading the tea leaves on the upcoming supreme court battle between television broadcasters like abc and cbs and upstart aereo. david anka joins us next. ♪ >> good morning, everyone. "bloomberg surveillance." regales in manhattan. looking toward new jersey, statue of liberty -- statue of liberty in the distance. snow later today. >> one to two inches. >> a march dusting. >> it is a joke actually that we think it is such a big deal. >> it is spring and we are tired. that is the big deal. this is "bloomberg surveillance ." i'm scarlet fu, here with tom keene and adam johnson. look for a late summer or early fall rollout of the next iphone. an analyst at the civic rest said component orders are forecast to increase in july. insistent with a late september october introduction for the iphone 6. standard & poor's cutting brazil's debt rating to one level above junk bond. the rating company cited concerns about the economic credibility, fiscal manageme

mike rogers. google acquired a multimillion dollar fiber-optic network for just $1. we will discuss next on "bloomberg>> welcome back. i am emily chang. one of the world's newest businesses is google fiber. that is high-speed internet in your home. "bloomberg west" took an in- depth look at the service. take a look. >> google fiber is 1000 megabits. it is 100 times faster. it will append in a net service providers. it is faster than at&t. other competitors are centurylink and time warner cable. it started in kansas city in 2012. it is in utah and coming soon to austin, texas. it just announced that it will bring the service to 34 cities. how does it work? an optimal networking signal that runs into each customer's home. it will cost $900 per household. it costs up to $3 billion a year. but if they build it, will customers come? as many as 20 million broadband customers will come. google fiber will have as big a customer base as comcast. >> provo is the only city where the services online. cory johnson has been reporting from there. why did they pick provo? >> there are a lot of startups and universiti

. >> mike rogers was supposed to do an interview with me on bloomberg television on friday and he backed and i wrote a blistering memo what possible excuse could you have? i am sorry, rogers staff! >> i meant to tell you, it does not make sense to go to washington if you want to make a difference and this is a great example. i bet you he will say, he has more of a platform to make a difference and to reach people with a message on the radio than he does going to washington and dealing with that big pile of -- >> you guys are on the hill. listen. basically, in the senate you've got harry reid and i've said and it irritates people but it's the truth. basically a pocket veto for barack obama. he doesn't let anything that the house pass even get debated and pushed through there. in the house, it has never been a democratic institution. it's a to ttal tearian regime. >> it was like house of cards what they did yesterday. they rammed through this vote without even actually recording it. >> we will talk about it more. politico's mike allen, thank you very much. >>> top seeds arizona and wiscons

mike mckee, our economics editor. that does it for "in the loop." ♪ >> bloomberg tv is "on the markets." focus. gold futures are on the rise. they hit a four-month high as the conflict between russia and ukraine escalates. thank you for joining us. break down the basics. why do investors flock to gold in times of uncertainty? investors look at gold as a safe haven, relative to putting it into cash. it is a really hard asset versus currency. short-term are traders are buying gold or gold derivatives, expecting the first group of investors to buy gold. john, with all the uncertainty and crimea, russian troops are on the ground, russian warships and jets in the air, what is your take on gold? bottoming out, but it will have an upside in the short term. between softer economic data as well as geopolitical tension, there's a sense that it could challenge 1400 to 21425 and the not so distant future. 1425. if it rallies above to 1428 per ounce, that is a prophet of $70 per ounce. if the rally happens, you may get $7,000 for every contract that you bought at that level. a spot month is where the

bloomberg. i am pimm fox. i've been speaking with phil -- one of the creator the creators of the black phone. also joining us, general mike- general michael hayden. he was the director of the nsa during the 9/11 terror attacks. he joins us on the phone from texas. general hayden, what do you think of corporations such as facebook meeting with the president today, right now, and it seems that their position is the nsa and the exploits of the other a u.s. agencies is hurting their business because they cannot ensure to their crop -- clients that their information is encrypted. >> there are >> layers to that issue. american industry has been terribly unfairly punished by this series of revelations coming out the last 10 months. american industry does not do unless it is compelled by law that other countries do not do in their own circumstances. , i think statistically, other countries demand more of local industries than we do ours. but is our industry that has been put out there by the snowden revelations and they are unfairly suffering for it. ifphil zimmerman, i wonder you can come in on this topic and describe if there i

we will actually go to mike mckee in florida shortly because we are asking, are sports stadiums a bad investment? he will discuss the economic benefits and risks next on "bloombergeillance." ♪ >> good monday morning. "bloomberg surveillance." i'm tom keene. with me, scarlet fu. brendan greeley joins me from "bloomberg businessweek." the president will be in the hague. a lot of russia and chromium politics gets in the way. stocks, bonds, currencies, commodities. risk on. up.ties are the rubel does better. stronger russian ruble. hydrocarbons go nowhere over the weekend and into monday morning. >> chinese stocks rose even though the pmi was disappointing. >> like a big -- looking for direction. the last week of spring training, even though it is 30 degrees in new york. baseball fans are in florida to catch a glance of their favorite players. is the inflow of visitor giving the local economies a boost to justify the investment in stadiums? economics editor mike mckee is trainingd sox spring field in florida. >> good morning. i have to tell you, a little cold here this morning, only about 71 degrees. tom, he will be turning green. an interesting thing to watch. the

the start of the mlb regular season, bloomberg investigated the shortcomings of the two decade spending binge on training baseball facilities in arizona and florida. mikerom fort myers, florida, the spring home of the minnesota twins, where it seems that taxpayers have reached their spending limit. not so fast, says the president of the new york yankees. he is the believer of an economic hour of the ballpark for the community. he oversaw the yankees moving to their new home and he joins us right now with his take on mike's reporting. michael mckee is here to defend himself as well. this should be a spirited, interesting discussion. is actuallythink good about taxpayer spending on the stadiums? wax it all depends on where the stadium is and the reasons for it. here in new york, yankee stadium was built on strictly private funding. the yankees paid for every cent of the construction in the new yankee stadium. and they paid for all of the ongoing operations of it. for example, in florida spring training is a tremendous economic boost to florida. look at this and use actual data, spending and taxes before teams come in. when the yankees move from fort laud

mike asaph's goal is to get office on every gadget, even if it reduces sales of other products in the process. bloombergto asia. is an effort, due to demand from customers all over the world. a three day trial of october in hong kong starts today. steve cohen has increased the state from zynga. this is according to regulatory filings. e valued at about $173 million. blackberry lost less money than analysts expected last quarter. the company is predicting a return to profitability. possibly not until 2016. more on blackberry's results, and the company's future -- charge.ang, the man in >> the ceo of five. joining us right now. ship.ghted the you stabilize the ship a quarter earlier than even you said you want. why not set more aggressive targets for profitability and cash flow? >> obviously, we could see it, but it is important that we take it a step at a time. it is a long journey back. we can make progress along the way. we were showing some good progress upfront. >> shares are up 20% since he took over. how confident are you that you can turn blackberry around, compared to when you started four months

mike, or not. we will be back after this. the top 10 is next, and the open. ♪ >> welcome back. you are "in the loop." it is 26 minutes past the hour. bloombergkets." scarlet fu has the latest on futures. >> futures down by more than five points. global stocks are falling across the board. janet yellen signaled that interest rates may start rising within six months. that surprised the market a little bit. the dollar is stronger as a result. at dx why index above 80 80.26. the 10 year yield has settled down. 2.78 right now. count down to the open with the top 10. these are the only trade you need to know about today. scarlett is sticking with us. betty is here from san francisco. number 10, conagra foods. third-quarter profits doubled beating estimates. weakness in the private label business. dreamworks animation. the production house behind has a theater due to open in 2017 and shanghai. it will have bars, restaurants, and performance venues. >> glaxosmithkline. experimental cancer vaccine failed. it is the second time the medicine failed in advanced tests against cancer. they will continue to study the treatment and a small group of patients