oliver: you had commerzbank reducing the gdp expectations and nomura saying the chances for a downgradee doubled. are these reactions out of place? it's going to be difficult in the coming months because the market is losing confidence that turkey will go in the right direction. succeeds in capital , in order to pump up growth, that creates uncertainty and instability. it's going to be a rocky few months for turkey. i think political instability will keep things rocky for a little while. does the president listen to or who is he beholden to? guest: he seems to be largely beholden to himself and is accreting a lot of power. tohas shaped the military his liking, so there's nobody who can stand up to him right now. thank you. we will be discussing china and the yen next. alix: cheniere energy reporting a first-quarter loss of $1.41 a share. estimates were for a loss of $.32, so i'm not sure if these are comparable. this is the first liquefied natural gas exporter terminal in the united states that began exporting lng just a few months ago. profitve not turned a since 1998, so the stakes ar

nomura had cut pay for its top executives to the lowest level in three years.en bosses including the ceo were awarded an average of one and a half million dollars losses abroad -- swelled. a tough week for deutsche bank just got worse. it has slipped to number four as it fell from being number two according to a euromoney institution survey. up then picked second-place ranking while citigroup held the top spot for the third year in a row. francine: thank you so much. some other corporate news, banks, we focused on them yesterday and we focus again today. has agreed tooni step down after six years at the helm of italy's biggest bank. he and the board agreed there was a need for change in management. program have you on the . he wrote a great piece. italy's banking backstop you said, needs a turnaround. why is it so important that he would step down? >> there has been a loss of confidence from investors has unicredit needs capital and it is also seen as a savior of the system. unicredit is the only systemically important bank and it is crucial that it gets enough

the wheels of justice turn nomura. reconstruction was being rolled back. joshua was interviewed by the wpa in the 1930's. he knows exactly what they lost that hamburg. the government wasn't going to do anything about it. what happens to rivers? he returns to driving a carriage. this is the art. not just the people who were brutalized and killed it is to take a person like rivers who could've been in charge of the army of the potomac taught himself to read and write and then the mayor of the town and a state legislator. his story goes from carriage driver to a soldier to a mayor actually carriage driver. driving when people around. someone said he will tweak a piece of statuary. what markers or memorials are on the ground so that we can remember what happened that hamburg. monumenthey erected a to mickeysacre meriwether. the white person who'd been killed. probably caught in crossfire. exemplified the highest ideals of anglo saxon civilization. the supremacy of that ideal. then they watched the birth of a nation. remains to prince rivers? this is what happe

tamara has cut pay for his executives by 18% -- nomura has cut pay for his test for its executives by8%. deferrednd remuneration for march. .apan's eggs brokerage slumped apple plans to capitalize on india's growing market may have had a setback following tim cook's recent visit. the promotion board has told apple if it wants to opal -- open its own stores in india, it must commit to sourcing locally. apple does not currently meet the criteria but a panel's decision could still be overruled by the modi government. a down week for deutsche bank just got worse. the lender slipped to number four and a table of the world's biggest traders. that, as it fell from being number two. jpmorgan picked up at second-place while citigroup kept all of the top spots for the third year. that is your bloomberg business flash. magical thank you very -- matt -- matt: a steady rate against the dollar combined with depreciation against other major currencies. let's go to bloomberg's justine na li. go --yone surprised that surprised? >> we did get a much stronger dollar overnight because of expectations tha

nomura and novocain -- it is a painkiller. you have to fix the system. it has more debt now switching from private to corporate to the governmental sector. >> if the fed or the ecb or the bank of japan has run out of bullets, whatever they are doing is not effective any longer area what then happens? -- longer. what then happens? >> i think a lot of things can happen financial markets, bond markets, some sector can be dramatic. the other problem is what if we do well and decide to raise the interest rates because think about it, there is no evidence that 0% is better. show me the evidence. they may realize 3% will decide -- go back and forth to 3%. greenstein i-74, he raised rates abruptly. in 1994, we had two ears of problems. people do not realize the italian bond market took a hit vastly bigger than the hedge fund market. >> your concern that janet yellen'said in an effort to normalize interest rate i'll see, is courting another disaster? >> are aware of it now but they have no choice. they are stuck where no matter what they will do, it will increase

are very concerned at nomura party is reaching up to our community asking for their help in.inding in >> mark: been identified night year-old fernandez castro as a person of interest. it is unclear if castro had a prior relationship with perot. >> darya: the warriors down flyer they have to deny or they will not continue. >> tran: i step outside because i want to show you they need the fans held more than ever. this is the first time that they can truly say this the first time this is a must win games. that is why they're having happy hour defense even her earlier lathered up so they can be even louder inside the game. oklahoma city thundered their one game away from eliminating the warrior's dream season. this is the north, all its even bigger than the south, they. telling people that of the 230 and will have deejays and they'll have drinks that are discounted so you can get that there. for 45 you notice that the fans start of the 20% off of merchandise. getting into the game starts its 6:00. the games are to 6:00 in. one everyone going to the game. steve kerr once every com

and nomura analysts anthony clemente bullish under the property the studio continues to produce and themportant step of launching disney's shanghai's park next month. the average analyst price target is 112 dollars. still a 10% premium to today's levels. and over half of analysts still have a buy or equivalent rating on the stock. >> hanging on. no wonder the dow is down about 200 right now. joining us today. keith fitzgerald. steve grasso from stewart frankel at post and rick santelli. rick you come back and look at the trading action, what do you think here? >> you know i think like to think in macro terms. whether it is macy's or a lot of deals that haven't been able to gel, for a variety of relationships, i just think in the macro, the horse we're riding, meaning the u.s. economy s kind of running out of track. if it was an airplane it is running out of runway. we've ridden the fundamentals of the current economy pretty well. wages are stagnant. we're creating skrobs but there is a lot of asterisks there. the growth has been small. the business cycle is so long in the tooth it makes