moody's said this will have an impact on other u.k. banks, the biggest u.k. banks.ething, a trend we have to look forward to. is the ceo checking out? albertina: absolutely. the current deputy ceo who was chief integration officer after the delays in the merger. people believe this could mean further integration ahead. bernstein said in february when rumors started circulating he wo uld be the right person to a second operation. matt: we have had a lot circulating around deutsche bank. german regulators were out with a warning yesterday. albertina: except the. we are expecting german banks like commerzbank, deutsche bank to open higher. , had anlator is saying interview that big mergers are a risk trade they do not produce the probe -- problems every bank's have. have a merging you will bigger problem. people should be aware of this. guy: thank you very much. joining us from our equities team, the latest here. and futures are pointing sharply higher. are going exks dividend. a huge amount are going ex dividend. a strong start for europe this morning. this is bloombe

up next, barclays debt rating cut by moody's to one level above junk.e'll discuss what that means for the bank and the rest of the u.k. banking sector. could this be something we see apply to other banks as well? this is bloomberg. ♪ anna: this is "bloomberg daybreak: europe." it's 6:30 here in london. yen, wear against the talked about how a lot of the yesterday was very much confined to stocks or at least elsewhere to such a great degree. how are asian markets holding up? it's all about that contagion. some of the asian markets are on vacation. china and hong kong are closed. this is what is going on in the rest of the markets. -- see what sheryl sandberg sheryl sandberg has to say on tech later in the day. that's get the inside scoop on markets. nejra: japan providing one of the biggest list, the nikkei up 1.5%. china and hong kong holiday so the impact seems to be coming from japan largely. the msci up about .8 at the moment after the s&p 500 gained 1% yesterday. were seeing the s&p 500 has mored its 26 move of 1% or this year. this year in 2018. th

next four years, we do assume inflationary cost increases for personnel utilizing an average from moody's and the california department of finance for open contracts so we can anticipate some salary growth? additionally, we assume inflationary pressures on our knob personnel which assumes contracts in these assumptions, including the big ihss, inhome support services worker's cost increases from the state that we've been talking with the board for over a year now. we keep getting refined information as the state develops their policies and procedures related to that. they shift, and also in the december report and this report is funding for the hall of justice exit plan. so this is the updated deficit for the next four years. as supervisor cohen mentioned, it's $137 million in the first two years, but as you'll notice there's still a really significant deficit in years three and four, reaching nearly over $600 million? and i would say that, you know, the december numbers were marginally higher in those two years, and it's really this structural difference between the rising cost of our ex

moody was convicted in both federal and state court in vance's death. he also killed a georgia attorney with a pipe bomb. (pam) new at ten: police say a freshman at california high school, san ramon was arrested for allegedly making a threat to the school. police say... the student planned to do harm to students and staff in 20-21... his senior year. the school district says they take this threat very seriously and will take the appropriate actions.. they also say that the safety of the students, staff and parent community is their highest priority. (steve) also new at ten:the two men arrested at a philadelphia starbucks last week are speaking out.rashon nelson and donte robinson described what happened that day. //white flash//donte robinson/arrested at starbucks in philadelphia: "so what i want is for a young man, young men, to not be traumatized by this and instead motivated, inspired." //white flash// rashon nelson/arrested at starbucks in philadelphia: "help people understand that it's not just a black people thing. this is a people thing. and that

. -- moody's. separateder the bank its investment banking from retail operations to comply with regulations. moody's expects the change to result in the biggest swings of earnings for the firm. some of the ratings could also be affected by the post crisis rules. banks in the nation are required to meet those rules by the beginning of next year. market investors shrugging. white house economic adviser larry kudlow is on a mission to calm concerns surrounding tariffs and trade. he spoke with our own washington correspondent kevin cirilli. have a listen. composedountries have debt proposed tariffs. there has been nothing enacted. u.s., we will put it out for comment for a couple of months so i don't want to put a deadline, but i would just say nothing around the corner. we welcome it. vonnie: kevin cirilli joins us now. i wonder if this is a good cop, bad cop situation. what is interesting here is that mr. kudlow and the administration say intense push back desk face intense push back from -- face int

barclays rising 2.2%, despite moody with the low investment-grade.oubling down on dealmaking, bank presidents will sell saying he has "a very aggressive plan for doubling the rainmakers." deutsche bank, ritchie is considering leaving the firm. can we have a day without a deutsche bank story? reporter: let's hope so. mark: considering leaving before the end of the year -- is this just part of the enormous shakeup? reporter: it is possible. what we know is, these are considerations he is making as part of discussions to renew his contract, which is something that would have happened regardless of what we are hearing. we have reported that deutsche bank is looking at doing a close review of investment banks and seeing, where the business could grow and gain market share and the ones it wants to pull back from. we do not know whether his consideration is tied to that at the moment. mark: the other -- there is someone else? reporter: the business has been through a substantial structural change. advisory trading and and then putting them back together aga

hn: you just had moody's downgraded from be minus two triple c plus. a horrible credit rating. i mean, that is like seven stages below investment grade. if i was a credit manager at one of these suppliers, i would be quite worried. going back to the tire delivery thing, whether they do 2500 cars per week or 5000 cars per week, tesla has an enterprise value of $42 billion market cap plus eight ilion dollars of debt -- $8 billion of debt. $30 billion. ford is making 150,000 cars a week. tesla is not even close, you know? we are focusing on a very small data set here. the big picture is they are a very small company, financed with debt, with this massive market cap which i think is -- as this thing is popping, it could unravel quite quickly. that is why we are short the stock. yvonne: i know you have been short the stock for years now and now, it seems like people are starting to listen and join your camp, but there are a lot of diehard loyalists to tesla out there. we did speak to someone who said it is going to get worse, but it will look worse before i

it was rated the minus by s&p, and ccc by moody's. they did not know what to do with this.nie: it is difficult when you have issuers at negative cash flow. so in addition to that, we have a disruptive business model that is very different from what is traditionally seen in the market. rating agencies had difficulty in digging into that. this market, just like any market, you have to roll up your sleeves and do your homework to understand credit. wework was no exception. jonathan: in the secondary market, this is looking softer in the initial trading. in the primary market, an upside is offering, demand was still there. bonnie: the positives is capital is still biased toward searching out yield. there is still this broad-based global growth environment. is stillmaybe it is not as strot was at the end of last year, but of the global economy is doing well. there is not as much overhang. inflation is moving higher and the fed is tightening, but we are still going to be in that risk neutral seeking environment. therefore there is a lot of capital on the sidelines. jonathan: do y

33rd class was inducted into the rock and roll hall of fame in cleveland on sunday, it included the moodyues, the cars, dire straights, and jon bon jovi. >> that was a richy sambora and jovi reunion on stage there. >>> investors anxiously await the opening on wall street today after the strikes on syria and the additional u.s. sanctions on russia. good morning, jackie. >> while the markets were concerned about this prolonged campaign in syria, but futures moved higher this morning as they moved airstrikes as a contained attack. but oil prices were significantly lower this morning while syria is not a major oil producer, it puts markets on edge. meantime, customers could start paying sales tax on all online retailers, tomorrow the supreme court will reconsider this rule. >> and drugstores are making it easier to empty your medicine cap nit. they are installing hundreds of drug disposal units allowing them to get rid of left over prescriptions in their stores. the supply chain has come under for for fuelling the opioid crisis. >> coming up, can you guess what a big portion of president trum

seema moody here at post nine. >> when we come back a sky showdown is in the works comcast offering $31or the european broadcaster 21st century fox says it's still committed to its bid the former ceo of tivo will join us to discuss. "squawk alley" is back in a moment your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices. >>> good morning i'm sue herera here's your cnbc news upd

walter leroy moody jr. became the oldest prisoner put to death in the u.ce capital punishment was reinstated in 1976. moody was convicted of mailing four bombs that killed a federal judge and a civil rights lawyer in 1989. the casket of former first lady 1rbara bush lay in repose in houston today, forhour public viewing. her husband, former president george h.w. bush, greeted some of the first people to file past a private funeral will be h tomorrow. mrs. bush died tuesday at theag of 92. a warning today, to avoid eating all roine lettuce from uthwestern arizona. the centers for disease control and protection expanded an earlier alert over an e-coli outbreak. at least 60 people across states have fallen ill so far. the c.d.c. says the best advice is, if you don't know the source of lettuce you bought for certain, don't eat it. and on wall street, interest rad,s rose, tech stocks tumb and the market gave ground. the dow jones industrial average lost 202 points close at 24,462. the nasdaq fell nearly 92 points, and the s&p 500 slipped 23. for the week, all t

rising after moody's upgraded the outlook to stable and raises the credit rating to baa2.al bank tightened its currency policy. stories we areon keeping on the reader. fletcher building jumping the most since 2002. seven west rising. it was named the bigger best bidder for ardor -- him join forces with volkswagen truck and text for eb and self driving vehicles. betty: president trump is reopening the door to the free trade pact, tpp. he also says the u.s. has made progress in resolving trade conflicts with china. uschina is negotiating with very hard, very long. we have made a lot of progress. we are opening out up and getting rid of the tariffs. you will see tremendous business openings. betty: japan's foreign minister said they would be very happy to see the u.s. coming back to the tpp. bloomberg global economics and policy editor kathleen hays here with more. kathleen: they have wanted it. it is interesting to see how this is unfolding. donald trump says one thing, the japanese say another. let's just start with what happened today. there was a meeting at the white hous

it was rated bb- by fitch, b+ by s&p, and ccc by moody. they did not know what to do with this.hy not? >> it is always difficult when you have issuers who are negative cash flow, and have projections for growth and cash flow going forward. and so, in addition to that, we have a disruptive business model that is different from what is traditionally seen in the market. rating agencies had difficulty digging into that. this market like any market, you have to do your homework to understand the credits, and who with, obviously no , exception. jonathan: the secondary market is looking softer. in the primary market, demand is still there. do you take positives from that? >> i do. the positive is capital. there is still broad-based global growth environment. maybe it is not as strong as it was at the end of last year, the global economy is still doing well. there's not a lot of inventory overhang. we will probably get a lot of cycles. i still think we still go to be risk neutral. there is a lot of capital on the sidelines. jonathan: you think in many ways we are incentivized to de-risk

seema moody. dow up 25. a news update with sue back at hq. >> good morning again, carl.ybody. here's what's happening at things hour. southwest airline passengers from that doomed flight finally landing safely in dallas today they were forced to land in philadelphia yesterday after an engine blew. one passenger who was nearly sucked out of the window later died >>> firefighters battling wildfires across the southwest and southern plains. high winds spreading the flames and prompting new evacuations near colorado springs. that fire is now zero percent contained. >>> cleanup efforts under way in hawaii after historic rainfall dumped more than two feet of rain the damage includes washed out roads, gutted homes and multiple landslides >>> and the world surfing league calling off an event in australia gu dew to shark attacks. it follows attacks on two recreational surfers this week alone. they suffered leg injuries, one was serious, and you see one being transported to the hospital >>> that is the news update this hour "squawk alley"s ckft a icbrk. iba aer but so is my lawn.

in emergency roomterms of salary and benefits our average of moody's and department of finance has been revised down modestly, so there are some savings related to that because we include those in our salary and benefit projections. the largest safer other than kind of the drivers related to our revenue are pension assumptions? so in december, the revenue board updated some revenue assumptions as well as modelling, and that has realized a safer for us. then in terms of citywide costs, some highlights in terms of new costs that we're incorporating include replen replenishment of the compain fund given that we have a june mayoral election to meet the funding levels outlined in the ordinance. we are anticipating we will need to refill the election campaign fund given increased use of public funding for elections. additionally for ihss we have received more concrete, and i believe in january correction correction -- direction from the state about how that will be implemented, so that's growing our ihss cost bringing just the two year increase in 18-19 and 19-20 to nearly $100 million more t

moody with the block. draymond green gets to quinn cook for the easy two.fter a turnover, sean livingston straight to the hoop. that is just beautiful. watch, more draymond. this time andre iguodala. the warriors just piling on. draymond now to durant. that gets a smile from the one and only queen bey. watch clay on this. the corner 3. stefan curry and his teammates go crazy. warriors went on and right now they lead 91-66 in the third. draymond green has a triple double. the sharks have a lot of work to do. the vegas golden knights blew them out in game one. game two, 2-0 lead before san jose finally got it together. no evander kaine in this one. suspended for an illegal cross-check. vegas leading by two in the second period. joe pavelski, brett burns scores from the point. later in the period tied at two, pavelski with another one on the draw. this time burns is going to pinch from the point and wraps around the net. sharks take their first lead of the series. that score stuck until late in the 0 third. this time vegas takes the face-off and schmidt one ti

moody's has cut barclays debt rating one level above junk.banks could be affected. those regulations forced barclays two separate activities from retail operations. that is the bloomberg business flash. the chair is speaking in chicago. bob at joins us still on set in new york. you talked about the fact of the market needs to understand how the president operates. chair think the federal understands? result, do you think he ignores the trade issue for now? >> they put it on the back burner. it is a level of uncertainty. if you look at what is transpiring on the trade side, three to six months ago, the fed would have said the biggest risk was nafta. like nafta is moving towards a conclusion, some compromises. it is not becoming a major issue. orientation,'s tariffs that might go into effect six months from now, not something they will factor into the decision-making process. given the dynamics of the timing of inflation last year, we will in significant increases year-over-year inflation rates reported for the u.s. over the next march, april,

talking about dark and moody, look at this. this is london. shoot me, iam is here, bringing doom. don't shoot me, i am still a bit shocked by charlie getting all dark and moody. i have got sunshine aplenty and i am making the most of it because it may not stay that way. already it is not like that every web. we have seen some cloud working its way up the eastern side of england. even before we get to this, and you will whether you like it or not, we have got high pressure and variations underneath that. it is dry. moving away from the channel islands up towards the west country there is a mass of cloud which has probably got some showers in it and has probably got the potential for the showers to get quite sharp and perhaps turn into thunderstorms on what will be another warm day. it will be warm and dry all the way up the eastern side of scotland and this afternoon in the western isles it clouds over. there are thunderstorms there perhaps. the potential is there in northern and eastern england and overnight and into the small hours. all the w

the included the moody blues, dire straits and bon jovi. ♪ ♪ >> guitarist reunited with frontman boni the first time in five years. the godmother sister roset rosetta tharpe and nina simone were inducted posthumously. it's delicious 100% real milk, just without that annoying lactose. mmm, that's good. lactaid. the real milk that doesn't mess with you. and try calcium enriched lactaid. 100% real milk with 20% more calcium. still no lactose. are confusing quilted northern are confusing quilted northernf. for a bouncy castle. they're both durable, flexible and nice to have at parties. but quilted northern is not a bouncy castle. it's just really nice toilet paper. as the host of access health, i've discovered move free ultra's clinically-proven ingredient gives you better mobility, flexibility and comfort than glucosamine chondroitin, in one tiny pill. also in new gummies. from the first moment you met, it was love at first touch. and all you wanted to do was surround them in comfort and protection. that's why only pampers swaddlers is the number one choice of hospitals to wrap your bab

and moodies downgraded thec dit rating. it's leadingo questions about whether will the company have enough company to stay throughout the year? >> ites dt have enough money, elon can ask for more money. he's gone to shareholders, sold bonds. the downgrade is focussed on the bonds which have not been trading well. with tesla acquiring solar city, they were in debt. the deb load i large. it will be interesting to see if he'll have to especially as he couldn'ts to ramp up production, but that's kind of where ramping up the production, if he can get the model threes out and get more money in, that will help balance a little bit. >> okay. got to tk about facebook. still in the headlines this week. the company announce third down we it's going to ro out features and give users more control over how theiron informais shared. will this be enough to appease the anger and anxiety among users and regulators? >> it depends on what users are talking about. acebook has done this before when it's had privacy iues. we have a new dashboard.

say has been suffering terrorism for more than two decades and the state it comprises of the john moody and the kashmir region and these are split along religious lines that are religious for plans that have already been in place that have been in fact exploited at the political level and these religious fault lines hindus versus muslims have only become further intrenched over time so this narrative that it's the hindus who are the victims plays into these four lines the b j p is the ruling party of the move that a huge victory in twenty fourteen and this seems to somehow tie in with the mood in the country absolutely if you look at nearly four years of b.g.p. rule at the center it's essentially single party rule because they have such a huge majority in the twenty fourteen balls ever since their victory in these nearly four years you've had an increase in the number of violent attacks against minorities especially the muslim minority certainly it's just worth making the point that the a hindu nationalists the right wing hindu nationalist how far right they have gone is up for debate b

the reporter only moody's checks out the team's one super week. the favorites the dark horses and what else we can expect. all these world cup. in sixty minutes dublin. moving off to fight in full details to take you seriously in the world of what here's what's coming up women's tour w. this superhero. smartarse smart stage managing the brain creasing really dangerous time the to w. me for my more photography dramatic pictures from the front lines capturing faithful moments in time and even risking death. she gave her life to other stories of people who ended up killing. women born photographers starting research on t w. o family and come to your own today show we're getting very creative for example like that. that's where i spend a shot is to make sculptures all those leaps. up at textual art the new film about the box movement.

our reporter ali moody checks out the teams one per week. the favorites the dark horses and what else we can expect. all these world cup. european stars deliver rousing performances. delicate phone calls. and when the sound screams of the. modern electronic control compostela. in europe in concert in forty five. years. my first boss was a sewing machine. icon for all women are balanced by this notion for. something as simple as learning home to write somebody said those isn't. since i was a little good i wanted to have a bicycle of my own and it took me years to been there. finally they gave up and mentioned by me on my side but three times because sewing machines sewing i suppose was more appropriate for those than rising i'm biased as knowledge i want to reach out to those women back home for dollars by visiting teens and social norms and inform them of old dead babies and write. my name is the about of the hook and i work to them.

. >>> general electric outlet was revised by moody's to negative. they could downgrade the stock in the not so distant future. that sent shares 4% lower losses overs steep the past year. the revised outlook comes as investors atten the company's annual shareholder meeting and a lot of ge retirees are not ppy. morgan brennan is in imperial, pennsylvania. >> reporter: for the first timee gel electric ceo and chairman john flannery faced shareholders, many of them retirees, at the coany's annual meeting. >> we're keenly aware of the pain that our performance has caused and the dividend cut has caus withinvestors, with retirees, with families. we know how much you rely on this, and these were decisions taken really with extre deliberation. >> reporter: flannery who took the helm last summer said he's focuse making the sglingmu bo simpler and stronger adding that changes are underway at every level of the company. one example the board which was remade shrinking from 18 directncs to 12 iding several new additions. for the event, several hundred sharehold

our reporter only moody's checks out the teams one for weeks. the favorites the dark horses and what else we can expect. all these world cup three. sixty minutes. global inequalities. what does inequality mean in a global economic to well. known to the media. join the discussion and have new. global media for twenty eight to. ten year old man she does got an artificial leg she's a refugee from the civil war in syria now she and her family i'm leaving in turkey she's also getting help in un for coming from invisible. the children of war. reporter on d. w. . o. from berlin and welcome to europe today show we're getting very creative five sample like this. and that's what i have a spanish artist.

you so much, from moody joining us from singapore.act with charts using the gtv function. you can browse, just like that. catch up with key analysis, future references. this is bloomberg. ♪ ♪ rishaad: this is bloomberg markets, i am rishaad salamat. having a look at the latest business flash headlines. a japanese convenience store says it will increase as it looks to draw in more revenue from an expanded american presence. byected to go up this year $3.9 billion. the company completes the purchase of many stores in the u.s., also promising a new smartphone payment at next year -- payment app next year. >> it is not just retail, other industries such as auto in the financial sector are affected by the waiver known as the amazon affect. digital strategies are in our future. it does notigo says have the capability to buy and turnaround the national carrier, air india. indigo had expressed interest in purchasing air india. it now says that option is not available under the terms of the government's plan for the debt laden carrier. je

gets hit by another piece of bad news was moody's downgrading gets ratings outlook on ge to negative.sts outside of a shareholder meeting as well. how agitated r.g. investors -- are ge investors? the factre upset about that ge share prices are down so significantly eating into retirement savings. that is what we heard today. you brought up the credit rating outlook, that as a big deal because ge relies so significantly on commercial paper for day-to-day operations. kpmg was ratified to stay as ge's auditor but the percentage was 65% of participating shareholders for kpmg last year, that was about 95%. >> china has eased its grip on capital outflows. one of the practical -- what are the practical implications of this move? >> this is being broadly welcomed by analysts. it means that china will be able to buy more securities abroad. it has relaxed the quota and has increased the amount of securities it allows to be 90 billion u.s. dollars to about 98 billion u.s. dollars as of april 24. it does give those institutional investors more options and it seems to be another step toward a grad

we've had four rating increases from poors and moody's. it's been doing whatever it take to get the revenue. >> i nominated sonali because she brings more to the agency than just her title suggests. she's extremely passionate and tenacious as anyone who's had to interact with her would tell you. very dedicated to making transportation better in the city. she does not stay within her lane of cfo. she's built a great team but it's her passion and commitment that's made her a fierce advocate for what we do at the mta. >> everything i've done is because i have a great team. >> good evening, everyone. i want to join in recognizing all the awardees and the other hard working public servants who work every day to make the city a better place for everyone who lives here. i'm the director of transportation and it's a great honor for me to be able to recognize sonali. i think probably everybody in the room has had some interaction with sonali. a few positive. the rest otherwise but it's all been in the service of transportation in the city. as we we

last week, moody's cut tesla's credit rating further into junk status. about elon musk. he may be joking about tesla going bankrupt, but the fate of the company keeps going back to the basic question -- how fast can it produce cars? hasuction on model 3 improved, but it is a far cry from the target of 2500 cars a week. joining us now is jamie albertine. he has an overweight rating on tesla. good to have you here. first, give us a guess about when we will know the numbers. when will we get new production numbers? can you hear me? jamie: yes. good morning. david: so when do you think we will get numbers on model 3 production? jamie: today or tomorrow is what most people are expecting. it usually comes a day or two after the quarter is over. david: are you resigned to the fact we likely will not see 2300 a week -- troy 500 a week? jamie: i am. our expectation is that the whisper number is somewhere in the 1700 or 1800 per week range. to the extent that they can show they are making significant weekess from the 1000 per number, it is good news. david: i am m

moody's lifting its rating. the agency says the outlook is stable.his is "bloomberg markets: asia." ♪ rishaad: trade concerns, what trade concerns? president trump hinting they could rejoin the tpp. on top of that, strong growth in singapore. china trade numbers coming online in an hour. haidi: these conciliatory remarks were taking down the tone or the rhetoric when it comes to trade wars, helping the sentiment and markets. we don't have any details as to findhe united states will its way back into the tpp, but we will speak with voices about how that will work. 30 minutes away from the open in china and hong kong. let's get it over to sophie. singapore with its rate decision or tweaking earlier today. sophie: friday the 13th looking lucky for stocks. trump chatter about a return to the tpp is good for japanese equities. troubles the us -- kuala lumpur under pressure. u.s. futures pointing lower. let's get a closer look at the singaporean dollar reaction to policy,tightening retracing, but set for again. citing macroeconomic uncertainties remain. th

moody's downgraded tesla it to junk. the all-cash offer would give u.s.weden's residential real estate market. director steven spielberg has given warner bros. its first number one debut of the year. took in $21r one" million to top the weekend box office in the u.s. and canada. going into the weekend, warner bros. was fifth among ticket sales among the major studios. that is your bloomberg business flash. lisa, tom? tom: taylor, thank you. i got marching orders to see spielberg's latest. neil dutta with us. we have a chart that pushes against the dutta optimism. there it is. we know itll end as or do you relate fiscal deficits with trade deficits? is that a productive exercise? neil: remember that the physical state of the u.s. economy is half of the budget deficit and trade deficit. the question is what direction they are going in and what that means for the dollar. tom: what is your call on the dollar over the next two years, then? neil: i take a bit of a contrary or view on it. i think the dollar has strengthened somewhat. i think the u.s. economy in

victoria was still very young when i met her twenty one now and then she could be moody and also a little quick tempered however she treated me with exceptional kindness i am convinced that she genuinely liked me and my present. in the composition of my painting the royal family only the queen and helena her youngest child are looking directly at the viewer my intent was just show that the queen was in charge whilst the prince was placed with the children. this portrait of the royal family was seen by over one hundred thousand people at my exhibition in st james palace. and so not least thanks to my english commissions over the years i became the most well paid european court painter now i to satellite throne be it only that of the portrait painters those in power sometimes describe me as peculiar at least that's what i heard. in the how did you how does a very important planter for us because the portrait the empress equation e. surrounded by her ladies in waiting is one of that house's main works visitors come from all around the world to see it. comply vinge on how to visit a company a

much cash they have managed to burn through. , -- this doesore not seem to be an issue, given that moody'sgraded their debt rating. people seem to like the way they are spending because it is on content. lucs: it is this cycle they have worked out when they can spend and borrow as long as the subscriber growth keeps going because they have convinced people that the spending is what is fueling the subscriber growth, all the new content and deals with ryan murphy and shonda rimes, a new movie every week, that's justified because of the long-term effect. the real question for bondholders, for investors, for everybody will be, how long can the numbers keep increasing at this rate? at the moment, it has continue for a couple years. if it keeps going for the next three or four, it does not matter because they will pay it off. caroline: lucas shore, fantastic reporting. thank you very much, indeed. now, artificial intelligence. it is already here and becoming a bigger part of life every day, but that has not stopped people from working. in a recent report by mckinley, it estimates that 800 millio

we will ask them what they think about moody's and how they can counteract that. in denver hitting an all-time high after rival marathon petroleum agreed to by the company for $23.3 billion. marathon is down. also the acquirer is down. the offer is a 24% premium to and the friday closing price. the price stands right now they are just loving mcdonald's at this hour moving higher by four and a quarter% for the biggest fast food chain. after blowing past analyst first-quarter estimates. higher global sales. higher spending by customers in the u.s. better everything. you cannot improve on the hot apple pie. that's all i had to say. no way. two major deadlines facing president trump. 25% tariffs on steel they go into effect for even our allies unless the president decides to handout exemptions or he puts the deadline off. he might push it a bit. we have to wait for that but it's next week's deadline and that will get most of the attention at today's joint press conference. he was quizzed in the rose garden. i don't know if you are watching that. he took a lot of this

this does not seem to be an issue given that we have seen moody's upgrade their debt rating, so peoplee the way they're spending because it is on content. they is this cycle where are allowed to spend and borrow and spend and borrow as long as the subscriber growth keeps going because they have convinced people that spending is fueling subscriber growth, content, all the deals with ryan murphy, chandra rimes, standup specials and a new movie every week, but that is justified because of the long-term effect. the real question for bondholders and investors will be how long can the numbers keep going up at this rate. at the moment it has continued for a couple of years. next continues for the 3-4, it does not matter because at some point they will pay it off. caroline: how big can this company get? lucas shaw, fantastic reporting on tliv as well. is artificial intelligence here and becoming a greater part of life every day, but that has not stopped people from worrying about it. in a recent report by mckenzie up to 800 million jobs could be lost worldwide by 2030, and 375 million people m

the cars were inducted along with nina simone and the moody blues who closed the show by playing allts. i was at the show and it was phenomenal. i love lauren hill. topic number three. good news, vegans. white castle is selling a veggie burger for people who don't eat meat but would still like to spend the rest of the day with indigestion. it's impossible for a veef began to get through a conversation without mentioning they are regans. the burgers are said to be so realistic they bleed when you tbient them. you might wonder zooms why you arwon.nobody goes white castle e they want healthy food. they go to white castle because they got cut off at the bar. i'm talking of white castle, not their customers. you folks shouldn't be driving. limits head down to argentina. police claim a group of mice ate a half a ton of marijuana. we reached out to the mice for comment. but they couldn't talk and drive in their volkswagen party bus. police inspectors found a thousand pounds of the weed missing from the warehouse. the police commissioner said it's so weird, it must have been the mice. expert

, same time gains the expansion realized, moody said, hospitals see more unpaid uninsured parents afterax overhaul, repeal of the mandate.e new york is next, republican line. elizabeth, go ahead, you're on. caller: yes, yes. i don't understand the big problem with congress and the president. the president is right, we have many illegal aliens here. not that we don't want them, if they ome in legally, like did years ago. they had to take tests, learn the english language and pass things, no problem. 0,000 of them across the border, most are in trouble, let's be honest about it, what they get licensed thatut taking the test and people alovely n people. they come in illegally, that the country, they e don't want the rules of the world. take the guns away from do that, do this, because people are mentally ill. the right route. host: okay, laredo, texas, independent line. alexander, hello. caller: hello, sir. i would like to comment i think democracy is dead. i think trump should cross the rubicon and dissolve congress just it.is host: why do you think democracy is dead? he's -- he hanged up