it struck 24 hours after a na li -- after another had -- another deadly quake struck the region. nuclear reactors are operating normally. water experts are proposing the state institute the nation's toughest lead testing rules. it comes in the wake of flint's water emergency. other recommendations would require utilities to test all schools and take care centers. u.n. officials say a record 155 countries will sign the landmark climate agreement at a ceremony later this month in new york. all 193 member states are invited to the event. more than 60 heads of state and government plan to attend. the previous opening-day record is held by the law of the sea treaty. the nba announced it plans to game in northtar carolina, despite calls to relocate the event. over a newbacklash state law some call anti-lgbt. a bipartisan group urged the league to move the game. an executive order was issued. it tweaks the law but keeps most of the controversial portions intact. global news 24 hours per day powered by our 2400 journalists and more than 150 news bureaus around the world. i am mark crumpt

documents show that a lawyer on the ethics committee who did work for some of the people charged from a na lin the criminally inrged the scandal. the second is with the banks. k-swiss, hsbc according to the documents set up tens of thousands of shell companies on behalf of clients. i think the doj today said they will be looking at it. if they are found to have violated in terms of a settlement, that could lead to big problems. david: these documents reportedly detail the 300,000 offshore companies. give us the scope of this industry. guest: it secret so no one quite knows how much is there. experts say there are tens of trillions of dollars in this secret banking world. a few years ago, something came out of the cook islands. this takes another kind of chip away from the wall of secrecy. there are hundreds and thousands of others out there no doubt. david: thank you so much. bloomberg news cry natural crimes reporter -- financial crimes reporter. -- a new report says services will be a prophet for the company. the analyst who just raised his price target for apple coming up on bloomberg mark

let's start with you na li with some numbers coming through. the estimates from analysts at 4.6%.tion was this would be driven by homecare and by refreshment. and that the drivers would be equally split around volume and pricing. that is not quite the case with underlying volume growth at 2.6%. that is the much in line with estimates. perhaps -- in fact that is just a touch above the estimate of 4.6%. it is being announced by the business in terms of that revenue number. against anlion euros estimate of 12.8 billion. going to these numbers, a lot of focus on the skincare brands they've purchased recently. with think of it as a european food business, and yet europe is not what we are seeing the biggest to growth. personal care, home care, refreshment, those of the areas they have been doing well in. they recently made some purchases in that area. now talking about the benefits of those expected to come through. the underlying volume growth to get back to that they do look to was lookingmarket for same the underlying volume growth at 2.6 percent is ahead of the estimate and present

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during the heady days of the arab spring, li na blogged about -- lena blogged about what was happeningn her country. the young activist refused to give into intimidation. as the, dw honored her best of blog awards. the north african country has become a glimmer of hope. bloggers the-- are front line? melinda: would you say bloggers have more freedom and impact than traditional journalists? mr. kluth: certainly not more. but what blogging and now microblogging and leading have -- tweeting is a certain kind of revolution that i have compared to gutenberg. this blogging and the micro tools in effect give each of us a printing press. there is a multitude of voices they used to be in audible that are now audible. i said every society gets the press we deserve. we are part of this conversation. if we log cake holdings, we deserve the press we get. that is the atmosphere we create. if we try to inform ourselves, try to think and analyze, that is the press we get. in a very direct way, it has broadened audiences and made them part of the conversation. generally, it is a good thing. melinda: to

you've got massive problems with the existing fund deficit, with huge li na costs, so the arithmeticaunting. they have got to get that cleared by the eu. supporting the steel industry is generally viewed as a legal within the eu. francine: that brings us full circle. thank you for staying us for the hour. stay with bloomberg. we have plenty coming your way. tom keene joins me from new york. we have some great guests coming up. we will be speaking to nouriel roubini and the former imf chief economist. all of that coming up in the next two hours. ♪ ♪ >> your pain stocks again. while commodities we can for the first time in six days. the yen isay's move, bracing for to go past 105. how -- what can the government do to stem the longer-term rally? they were cameron admits he owns shares in an offshore fund we saw brexit and global risks. this is bloomberg surveillance. i'm friends a lot but in london with tom keene in new york.

tom: li na, i love what you did in the report coming off the jumble of the first quarter news. let's bring a quote. -- there are no signs of runaway excesses building in either u.s. growth were domestic inflation. herein lies the dilemma for the fed. stag-flation?a, a 25 basis point rise is not going to make much of a difference in the context of the strength of the labor figures for the last course and at the end of the day, the u.s. labor market is stronger now to container its decline in unemployment rate or rising consumer income growth as more people rejoin the labor flanks. it is an environment where we do not know whether the u.s. labor markets are strong enough to protect the economy. tom: i like they do not know. you filter in all from cross asset, equities, bonds. quarter, the second how full is the punch bowl right now? did yellen last week in her speech, is the punch ball full to the brim or are we becoming more adult as we get into this quarter? lena: this is really the question because i think the focus of the market and the fed has transition very subtly but impo