could you see stephanie ruhle on that? >> not even. not that i say that this unicycle is not cool but i don't have the coordination for. >> it looks impossible to fall off of. >> i cannot drive a car, i cannot maneuver one of those. a lot, what will i carry? >> the top news story in the of toyotas are told to bring in their vehicles to fix a variety of defects. none of them are linked to death or injury. among the models being recalled, the camry, corolla and rav4 suv. greece is returning to the bond market for the first time in almost four years, they plan to sell five-year notes tomorrow. since 2007 greece has used bailouts to stay afloat. the austerity led to plenty of civil unrest. will she or won't she? warmer secretary of state and former first lady hillary clinton on speculation that she will run for presidency -- for the presidency in 2016. she spoke in san francisco. >> i am thinking about it and i will continue to think about it for a while. [applause] is, the hardtion questions are not, do you want to be president. can you w

i am erik schatzker with stephanie ruhle.op sec lawyer said what so many had been thinking for so long -- the agency is too timid, too afraid to go after powerful people on wall street. dan's kidney retired this month after three decades as an enforcement lawyer. he worked on one of the biggest cases, the $550 million settlement with goldman sachs. on his way out, kidney offered a stinging critique in his goodbye speech. yesterday, i spoke exclusively to jim kidney. he told us he was trying to be constructive, not better, and that he has nothing but respect for most of his former colleagues. never the less, kidney has a number of major concerns. the sec spends too much time pursuing the minnows and not the big fish. >> the sec could manage its resources better by focusing more staff and attention on important cases and less staff and time on cases that have less impact on investors, are less of a message to the corporate boardroom, basically more important cases. that the sec say is going after the wrong people? >> to some ex

i'm stephanie ruhle. schatzker. let's start with general motors -- reporting a stronger than expected first-quarter this morning. the ceo admits to a challenging first few months on the job, could be the understatement of the year. she's dealing with the ignition 13 deaths.ll and matt miller is here to tell us about the impact he recall as having on general motors earnings. we talked about better-than-expected results, but a year ago, gm made 80% less. >> you can see the impact the recalls are having on the perception if you look at analyst estimates. 12 of 14 ellis cut their estimates by 90% and one analyst from barclays was looking for a it actually came out much better than expected. c.t.s. was $.29 versus the final estimate of four cents. the beating by a quarter. on the revenue side, a little lighter, 37 point $4 billion is with a made in sales and we were looking for $37.9 billion. that's a little better than the first quarter of last year. general motors was really focusing on margins at the cost o

editions is a special of "market makers," with erik schatzker's and stephanie ruhle. >> once again, stephanie and i globale at the milken conference here at the beverly hilton in beverly hills. >> if you thought that yesterday was a big day, today will be equally as exciting. iger, bobave bob jane, and we will be dealing with the head of private wealth management at goldman. >> lets the forget about sean penn. >> who could forget? the exclusiveet interview we had with sean penn on the recovery efforts in haiti . let me tell you, it was hard for him to focus. it is a lot happening. also, will i am, a massive disruptor in the world of technology, also member of the black eyed peas. >> gives you an idea of the range of people it can attract. energy holdings became officially filed for bankruptcy protection, with many months in the coming, it leaves goldman sachs, ppg, kkr holding the bag. that's jacobs covers leverage buyouts for bloomberg news, with us now from new york city. kkr,tioned goldman, ppg, and how long this has been in the making. txt you had enormous problems almost from the very be

i'm stephanie ruhle. erik schatzker is out this week. my guest is very results -- ritholz. very excited to have you here today. i'm pretty excited about all of the interesting crosscurrents going on in the market. on the one hand, you have a group of very local bears talking about every pullback as it this is it, this is the top. and then on the other hand, there are some fairly relentless bowls who are just quiet -- relentless bulls who are just quietly eyeing stocks wer continuously. >> we will talk about that, but let's get to the newsfeed. bank of america posted a first quarter loss, a mere $6 billion in costs linked to mortgage disputes. resolving issues over home loans and foreclosures have cost be of billion -- have cost bank of america more than 50 billion big ones. shares have fallen three percent so far this morning. ann shares of yahoo! are trading higher today. ceo marissa mayer can thank jerry yang. i say, alibaba is preparing to go public and it reported a 66% jump in their overall sales. ya

let's take you back to the nasdaq where we find stephanie ruhle.er says business-to- business, if not a sure thing, it is a simpler, smarter that consumer, and-to- we are about to talk to a guy who is all about the consumer. >> he told me you needed -- i needed a closer shave. >> legs. >> legs. the last time you joined us you made a major investment in a factory. with theyou doing factor? >> we are a brand of high-quality razors that we sell directly to our consumers, giving guys the best possible shaving experience at a great price. we sell for half the price of the leading brand. bic forever.d our father will probably use that for the rest of his life. >> maybe until he finds out about harry's. >> what is your value proposition? >> we want to give high quality. that's why we bought this factory. the magic is in the way you grind a steal. of our own blades. we design them, and that we sell direct to customers for half of the price. >> how can you afford to do that? the best quality price at half of the price, as a consumer, i love the idea, but as

erik schatzker and stephanie ruhle are standing by at the milken global conference in los angeles.ut as you just said, we are here with one of the legendary oilman, t boone pickens. he has been in this business since -- >> 1951. >> why are you laughing? >> i am impressed, that is all. >> that i am still alive? [laughter] withwent to begin activism. it is a hot topic. you are involved in this back in the 1980's. to business was so reviled transform itself into a force for good. how? activism. >> right. i thought you were talking about the oil industry. i was there before they had cars. because you guys in the media figured it out, that what was happening was a huge investment was made. i bought stock in a company. better,o make a company and it was reported that i was an asset stripper, that i was going to destroy assets. for me to put my money in it and then destroy it, you have to be crazy. >> bill ackman and others are doing today -- in your opinion, is this any different from what was going on in the 1980's? >> no. why do you think it is different? media, are embracing the using

i am stephanie ruhle.this is my favorite fool. >> that would be me. i am erik schatzker. these are the top business stories from around the world. increased for the fastest pace. it is recovering from the harsh winter weather. it jumped to the highest level in almost three years. that is something to take note of. ford and chrysler beat sales estimates. suv is on fire. it willmotors says report sales later today because of the impure problems. their ceo is going to testify at 2:00 p.m. janet yellen told the story of the three people who cannot find work in this economy. this is crazy. two of those three people had a prior criminal records and may have hurt their chances of getting a job. one was for felony theft and the other was a recent convection for heroin possession. she knew about the records before making the speech. it makes me scratch my head even harder. >> me to. o. i love ford f one 50's. do you? >> i like being behind the wheel of a pickup truck if i'm on a trip to go fishing or something like

erik schatzker and stephanie ruhle are standing by at the milken global conference in los angeles. >> thank you. as you just said, we are here with one of the legendary oilman, t. boone pickens. he has been in this business since -- >> 1951. >> amazing. >> why are you laughing? >> i am impressed, that is all. >> that i am still alive? [laughter] >> i went to begin with activism. it is a hot topic. you are involved in this back in the 1980's. the business was so reviled to transform itself into a force for good. how? how did it transform itself into a force for good? >> oil? >> activism. >> right. i thought you were talking about the oil industry. i was there before they had cars. because you guys in the media figured it out, that what was happening was a huge investment was made. i bought stock in a company. i want to make a company better, and it was reported that i was an asset stripper, that i was going to destroy assets. for me to put my money in it and then destroy it, you have to be crazy. >> so stuff like icahn and bill ackman and others are doing today -- in your opinion, is t

. >> i am here with stephanie ruhle.tory already about who costs. they are rising. to pork at least wanted and beef, is still a bargain. demand for chicken is expected to be the highest in years. is bringing back its double down. a sandwich with fried chicken where the bread is supposed to be. julie hyman has the lowdown on the double down. haveam so sorry i do not one with me to taste. you're probably not sorry at all. >> not at all. actually, i am curious. i would like to see it. >> fried chicken with cheese and bacon in the middle. were it not for the bacon and cheese it would be a perfect passover sandwich. looking at the nutritional information. 540 calories. 32 grams of fat. 1380 in terms of sodium. 1500 is your recommended daily allowance. you take care of your sodium in one fell swoop. capitalizing on the hot chicken trend. everybody eats chicken. they introduced us back in 2010 for a limited run. they said they sold 10 million in the first month. this is a limited run as well. it is introduced today. things that

♪ withis is "market makers" erik schatzker and stephanie ruhle. >> pharma fever.oneshis means for doc and other patients -- doctors and other. >> amazons deal picks up the battle between amazon prime and netflix. what is in it for the network it felt? we will talk to one of the creators of hbo go. it the for preparing for kentucky derby. how the company who runs the track has never been more diverse and rest reliance on horse racing than ever before. is friday. >> we are going to end the week on a high note. next week we are going to be joining you from the conference in a late. >> got to live it up in new york city while we can. time for the newsfeed. federal prosecutors what bank of america to pay a record amount to resolve investigations into faulty mortgage loans. than $13is more billion. that is in addition to the 9.5 billion dollars that they agreed to pay last month for a similar case. [indiscernible] with three small cable tv operators. adding a service on par with traditional networks. here's a be able to search for shows on netflix3. for president it is

i'm stephanie ruhle. erik schatzker is out all week.still with us because he needs to help us rate this down -- you can call it the incredible shrinking deficit. new numbers out from congress show the fiscal gap falling even more than forecast. washingtoning in our correspondent, peter cook. how surprising are these numbers? >> who we knew the numbers were coming down and this is a rosier picture than estimated. some of it has to do with the health care law and some savings there. numbers not as big as first rejected him about let me talk about the budget deficit. now projected by the congressional budget office to be $492 billion. that is down from where it was previously. the health care law. it has been a huge debate. the president has gotten better numbers in terms of enrollment and he's getting more numbers here on the budget for that also should leave the white house. it's going to cost 36 oem dollars in 2014, $5 billion less than the cbo previously projected. basically the subsidy numbers for people who need health care coverage

i am erik schatzker. >> i am stephanie ruhle. time to cover private equity.te equity firms may be basing sanctions after the sec found a majority of them charge inflated fees and expenses. cristina alesci has been following the story closely. come as a surprise? if you look at how phenomenally they have done and how well they i know they have grown their business a lot. they have benefited from the financial crisis. there is a huge difference. >> absolutely. i do not think this comes as a surprise to too many people in the business. there was and mandate to increase oversight and is very opaque area of finance. these contracts between theirors and the firm and portfolio companies are not really standard. custom edge toa it. because of that and the fact that investors were making so much money alongside the steve schwarzman's of the world, they fees andscrutinizing expenses. now the dynamic has changed from the regulatory front because of this mandate -- to what your rule fees can be? if you look at the high-yield market, you cannot make more than x. that is s

." >> i am stephanie ruhle. a lot of market chatter that we need to dissect. first, let's get to the news. >> these the top business stories from around the world. the u.s. cover he will drive the global economy this year. had its forecast for worldwide growth. it reduced expectations for brazil and russia. citigroup is settling up. they agreed to pay more than $1 billion to settle claims by investors in mortgage cap securities. citigroup is still facing action from regulators. in germany there is a deal for art stolen by the not sees. it is held by an art dealer for decades. had art in his apartment for decades. billion. that is what two of the biggest drug companies in the world have been ordered to pay in damages for hiding the cancer risks associate with the diabetes drug. this is some serious business. thought that was how much they made. that is how much they are paying in fines? are not uncommon. will likely happen is the ultimate figure will be revised down. it is and i've watering figure. a man who was taking a blockbuster drug. it was bringing in for

we were talking about herbalife with stephanie ruhle because of this report.re is an fbi investigation. but, there are different types of direct selling models. direct -- vis a salus is a direct shipping model. we just launched our fastest product, crunch, a serial i designed with my son. >> why did your son need a special serial? >> he has autism. children have sensory related issues. he is underweight unfortunately. i taste tested the serial. he likes it. it passed his test. what about the business itself? you have gone, you have written a book. a gang member as a young man. now running a major business. >> when i was 13 years old, i lost my father. my family was disrupted her to -- my family was disrupted due to drug addiction. i could be a doctor. it could be a lawyer. i had poor grades. i suffer from disabilities. entrepreneurship came naturally to me. >> how did you decide the health industry was where he wanted to be? lex i was a technology executive. i struggled with my health. i got up to 260 pounds. error, irial and realized there was a gap in the co

. >> welcome back to "market makers," i am stephanie ruhle.m johnson filling in. we are talking about hot guys. named their top male result -- designer of 2013. danny lewis is the cofounder of brooklyn taylors, where he is designing classic custom suits for new generation of men. congratulations and welcome. tell us about suits for the new generation. give us an idea, what is the price tag? >> it is difficult, this is in the ballpark of 1400-$1600. >> and the new generation of man spend that kind of money? >> we have something highly more accessible and when you think about tailoring, the influence and the love with guys on the ord -- you talk about three $5,000. i was graduating college and i was at the point in my life or i wanted a great suit, i could not afford that. >> you certainly didn't want that -- >> i had a sense of what i wanted, and i never found it and i was quite frustrated. and that is how i got behind doing this. >> did you teach yourself to so and to taylor, how do you do how did you do this? >> in the beginning i was going t

>> live from bloomberg world headquarters in new york, this with erikmakers" schatzker and stephanie ruhle. >> un-following twitter. shares fund as investors focus on slowing user growth rather than better than expected sales. the ceo will be with us to tell us what he is doing to get more people to sign up. >> donald sterling could be forced to sell the clippers because of his alleged racist remarks. optingnew breed of ceos for getting out of the conference rooms and into the great outdoors for some of their most important meetings. welcome to "market makers." i am matt miller. >> i am scarlet fu. business stories from around the world kicking off with federal and state prosecutors considering charges against bnp harry bob according to a person familiar with the matter. overt suisse investigated whether it helped american evade taxes. -- bnp paribas. energizer holdings is splitting up into two publicly traded companies. one the unit will include household products. the other will be energizers personal-care business among products will be sure crater's -- razors and hawaiian tropic sunscr

. >> i am stephanie ruhle. >> with us as russian air, the global head of development at is rajd motorompany -- nair, the global head of development at the ford motor company. >> increasing percentage under automated conditions, also about connectivity in the vehicle, more propulsion technologies are going to cold. -- going to go. >> what kind of car is ford going to be making five years from now? will it be different from the fusion or focus? >> i think you will see a lot of the technology you see in the car already. we already have cars with adaptive cruise controls, ultrasound sensors, cameras. an increasing use of those sensors will allow adaptive cruise to go all the way to a. and automatically parking your -- to a full stop and automatically parking your vehicle. >> how many years away? >> i think it is hard to predict. at 820 20, 2025 time. you'll see integration of technologies that will be a higher percentage of your driving that is done automated before you get to that 95 or 97% automated. theou guys are shaking up industry with an f1 50 that is made entirely out of aluminum.

stephanie ruhle has been following it closely. >> to call this a saga is an understatement. 1.5 years ago. bill ackman has a special conference just for this, to say this company is pure evil. he is going to take this trade to the end of the earth, for the betterment of society. he believes that they are taking advantage of low income people. since he came out as this major source, everybody and their brother in the hedge fund space was against him, from demo and carl icahn -- many have gotten out of that trade. some are still in their. bill is the only one who is notably a short. stock was down. bill has his moment in the sun. >> what will the feds be looking for? we have adam, a senior investigator. >> the governor is going to look for three things. they're looking for evidence of lies, cheating, and stealing. what the government is likely going to focus on is whether the company is selling or not really selling its products to real salespeople, but giving it to distributors in exchange for a fee and claiming those fees as real revenue. >> this is what ackman has been call

stephanie ruhle is joined by john calamos. boss. speaking to the you founded calamos in 1977.out the opportunities then versus today. in the 1970's, it was a very volatile market. orcas were going up and down. we are looking for ways to manage that volatility back then. that is how i got adjusted in convertibles. the markets in the 70's were quite dramatic because we had rising rates, inflation, volatility. >> we could be facing rising rates today. does that concern you? >> yes. we are in a very low interest environment. >> now within calamos you have fixed income, equities, convertibles him and alternatives. where do you have most of your money? >> we do a cross-section with significant amount of convertibles, we are building up our alternatives. >> what does that mean to you? >> the way that people are defining it is it is an alternative to fixed income and equity. >> what is a typical alternative investment for your team? inan alternative we started 1991, we started what was called the market neutral fund. what we were doing there is we convertibles and short on stock. we w

qwest i am stephanie ruhle. a lot of news this morning. there is also breaking news in the housing market. economistsless than expected. the negative news turns out to be a positive area let's bring in michael mckee in the headlines. class i am not sure this is as positive as the spin could be. you're right that the forecast is for one percent and home sales fell by two senate -- 2/10 of one percent. this is margin we're supposed to see housing pickup. this is not necessarily great news. homes unchanged. you coulds good news, say it is the supply coming online. ordinarily, that would not be great news. is suppliesseeing shortages. it is better we have homes for sale. >> ok. i want you to stick around and bring in a special guest. how concerned are you that people are not feeling very good about this in the start of spring. they do not like these numbers. as i do not know if this is good news were not. forecast.6 million we came in at 4.59 so i would say our models are working well. one of the things people have to remember that existing ho

"market makers -- ♪ editions is a special of "market makers," with erik schatzker's and stephanie ruhled i globale at the milken conference here at the beverly

i am stephanie ruhle. erik schatzker is off this week

. >> i'm stephanie ruhle. for a moment, i had a hard time. >> can we just sit on that for a moment?ele secretary chuck said the pentagon could send american troops back to europe in response to not only the russian takeover of crimea but also the threats that russia poses potentially to the rest of ukraine. with spoke exclusively peter cook during a trip to asia. peter is with us from l.a. it sounds -- i do not want to overstate this, but there really are some cold war overtones to all of this, are there? >> there really are. we have been talking about american troops leaving europe for the last couple of years, but now maybe a reversal. i spoke to hegel as he wrapped up a meeting with asian defense ministers in honolulu on his way to china, japan, mongolia. he says the u.s. wants a diplomatic solution to the situation in ukraine, but in the meantime, the idea of sending more troops to europe to bolster nato could send a message. we do not have any verification that they are pulling troops back. there have been various reports that they are moving troops back. there are troops that

makers,p, market stephanie ruhle, erik schatzker at the milken conference all day.neup or you. mr. schwartzman will join them in the 10:00 hour. nouriel roubini, nyu. coming up at 10 a.m., "bloomberg surveillance," let's get to some morning movers. it is a frenzy of dealmaking out there. apart as deals falling well. newmont mining has ended its merger talks with barrick gold in canada. the two had agreed to a merger and had planned to announce the before the plans broke off. newmont is now ship -- now saying that shareholder interests are best served by staying independent. in the past they attempted to get together. >> back in 2000. and it did not work. >> explain this transaction, please. .> so, that was the gold there was another one that just came out, forest labs agrees to buy furious for up to 1.4 $6 billion in cash. what is curious about this, recall, activists are buying forest labs for about $20 million. forest labs is the target being acquired, now that target went out to buy someone else. by the way, f rx has activists support on the purchase deal. so, th

i am stephanie ruhle. erik schatzker is off this week. brother,tzker, sorry, i think you could be out of the job. i need to get to the news feed. johnson & johnson are rise -- shares of johnson & johnson are rising today. they raised their forecast in 2014 after first-quarter profits rose 34%. came frome sales products introduced in the last five years. generaloff may leave electric sooner than expected. -- expectingecting leave sooner. militaryas started a backed off for asian -- military backed operation. those militants have been occupying ukrainian government buildings. president obama and vladimir phone, but on the remained at odds over who is at fault. bring in my guest post. he is the founder and chief rnvestment officer at aq management. man has degrees in economics, engineering, an mba, and a phd in finance. welcome. i am glad you are here. few times we have spoken, i pushed you on headlines. you have said, i do not stay awake overhead lines. when i look at the geopolitical situation, makes me wonder, does all of this going on in

is "market makers" with erik schatzker and stephanie ruhle. >> risky business.could be on the verge of silver war. an investor who has been buying ukrainian debt. >> y 100 billion dollar acquisitions fell apart and what it would take for both countries to resume negotiations. totwo guys who teamed up bring you the best-selling singers of all time, the air jordan. good morning. numeral watching "market makers"

the question is whether this will affect the timing of his deal. >> thank you, stephanie ruhle. shaking, bill gross. it has been a tough couple of months for the founder of pimco. mohamed el-erian quit unexpectedly. managersf the big bond suffering withdrawal from a hot new strategy. investors are flocking to make money as interest rates increase. unconstrained bond fund has lost $2.7 billion to redemption. similar funds have seen a big increase in deposits. citigroup posting a big first quarter beat.. profits surprisingly rose as it released money set aside for bad loans. details coming up. i have alix steel. >> citigroup making $1.30 a share, about 1% higher year on year. revenue came in over $20 billion, much better than the down 7% many were estimating. they released more loan-loss reserves. consumers and businesses are paying back their loans. they have to set aside less money to protect themselves. million, more$673 than wells fargo $500 million. the other highlight was in fixed income and trading revenue. that was down 18% year on year coming in at $3.8 billion. jpmorgan'

i am erik schatzker. >> and i am stephanie ruhle. >> we have to start with the news of the day.ks. we had a oay

♪ >> live from bloomberg thisuarters in new york, is "market makers" with erik schatzker and stephanie ruhles more than one million more cars. heading to the hilt to explain why the company ignored a this is "market makers" with erik schatzker and stephanie ruhle. defect that killed 13 people. you will hear for live from the chairman of the committee holding today's hearing. defense. a high-frequency trader is here to tell us why the system is not rate and why he says michael lewis's new book is dead wrong. >> cautious proposals. if you thought ballpark hotdogs were expensive, you will not believe what

makers," andarket i'm stephanie ruhle. erik schatzker is out this week. my guest is very

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle >> i'm erik schatzker. >> there's a lot for us to cover. morgan stanley's chief financial officer isn't happy about the fortuneer of women at 500 companies. she called the lack of other high-powered women and embarrassment and might show the need for new laws. there's no shortage of women who are talented and smart. women accounted for just eight percent of the five best paid employees at each of the s&p 500 companies in 2012. all month long, all year long, we are talking about this. i want you bring in bill:. he's a contributed -- i want to cohen.in bill what is your response? >> she said some of the men boarded her career early on. i love this. when she became a more senior executive, she went back and looked at the report that had been done earlier in her career and found the men wrote that she did not have what it took and going to be a flameout. she prove them wrong and that was one of the other things that she talked about will stop i give her a lot of credit for sticking with i

>> stephanie ruhle will be delighted to hear that i really like it.service yet. >> i think the pricing is extremely fair. except the dynamic pricing when it rains. >> part of innovation and technology, there is not much to innovation and cyber security. where the moral high ground gekko the secretary of defense is in china. that.g this and secretary hagel front and center . richard falkenrath briefs us. he is a contributor and editor and served as a national security visor to the president. wrath, it has become a clichÉ. t now versus 12 months ago? >> it is still urgent. secretary hagel is making a less big deal out of it then he would have pre-snowdon. one year ago, before the snowdon revelations, the dialogue was one-sided and the united states accusing china of sponsoring massive industrial scale cyber attacks against the whole world. we were fairly upfront about it. meanwhile, we were secretly developing our own capabilities. there is no way the secretary of defense can now come in with the moral high ground on the cyber security argument because

i am stephanie ruhle. >> and i am erik schatzker.to bill ackman about his latest investment. thething we have not seen likes of for generation. teaming up with valiant pharmaceuticals to purchase a rival drugmaker. this makes it a good day to focus on activist investing? we will be spending the rest of the show doing just that with with two special guests. he serves on the board of goldman sachs and the mayo clinic. he runs blackstone advisory, you might think of it as their investment bank. someone who knows a great deal about the business. so, gentlemen, let's begin with this. john, if you don't mind, i will put the question to build. when i look at build ackman teaming up to by allergan, i think in a lot of other people think -- i have never seen this before. this is a game changer. corporate boards around america should be running for the hills. should they? >> they certainly should prepare. the key is -- how well prepared our corporate boards? in the 1980's the raiders and up a lot with junk bonds, with mike melton, in the 1990'

millions worldwide have taken the challenge. >> stephanie ruhle?ow that you are in there, somewhere. will joins us now. it is great to have you here. admittedly, none of us have done this but maybe we should. at what point did you realize idea could goder from your dorm room to a $150 million business? were had 500 people -- we five weeks into the sales and 5000 people showed up. and we had a lot of logistical problems the put on this event. and then we realized we were onto something. a -- we talked 800,000 people worldwide. >> how did this happen? >> this is two things, there is a boom in functional fitness, people look for new ways to challenge themselves. this is not a race, this is a challenge. the second part is this is is social, this is team-based. everyone is working together to get over that and this is very difficult from the average run. >> and something else that is different, corporate sponsorships. you have been way up on this and maybe this is from harvard business world -- how are you able to sell this to companies with the structu

he explains why he is doing this to stephanie ruhle at the milken conference with dennis o'brien. >>cy release, our first mission before we got into sustainable programs into one. it became clear the sustainment, which was also doing the lion share of international work was the biggest investment there. it became very clear to us in emergency preparedness organization that the future would be where the problem is for all developing countries and jobs. >> what does it look like now yeah go >> ngo's will not change the country. i think long-term economically haiti has a pretty good future. the whole issue around job creation is still a challenge. they are now attracting inward investment and manufacturers into haiti that will create employment. all about taking people and give them a lot. that is how you move people from being poor to a much more sustainable level. then you need education happening in parallel. if you read " the new york times" you would say it is never going to happen but there are a lot of good things happening at the moment. >> why haiti? >> i will answer the questi

stephanie ruhle and eric shafter withik schatzker sat down an outspoken critic of high-frequency trading that high frequency traders are all bad, but there is a percentage that make money at the it's as of long holders. very few make money at the expense of very many. there is a problem with market structure and the problem with these high-frequency traders trading ahead of institutional orders, knowing they have a large amount of shares to buy for them to perform. so, they are sitting's for the institutions. ducks for the institutions. adam johnson has a look at this with today's inside an action. >> high-frequency traders are different than you and me. here's a little inside an action. shops that elevate the status of the technologist do a high-frequency trading the best. i mean, it's about flickr technology. elevate the technologist. what a concept. elevate the technologist. do a littleed me to elevating myself. if that is what it is all about, innovation, how do we find companies that innovate? here is what we did. we used r&d spending as a proxy. we looked at all of these companies

he joined stephanie ruhle to talk about his new vegas gig. >> i began in the corporate market, performing then casinos and nightclubs. about two and a half years ago i started performing under my own name and if you are doing standup comedy, vegas is mecca. >> let's talk about your own name and the value of a brand. actorartist, musician, wants to have a brand right now, and you have a brand associated with george costanza. has that been a positive or a negative? >> i would say it is a net positive in as much as -- you know, most actors, if you really want to look at us as rands, -- brands, i guess, we never get that kind of status. it is rare that an actor gets to do something that is labeled iconic, that has real staying power, that seems to appeal to every demographic. that is what the seinfeld show accomplished. it not only did it when we were on the air, but it continues to sustain long past our expiration date. for me, that has given me an enormous entrÉe throughout the world, which is a great thing for me. i enjoy people, i enjoy meeting people, and it opens a lot of doors to thing

this morning stephanie ruhle asked the ceo of morgan capital whether he thinks that they have an unfairways been about what you do that is differentiated. there is the negative one, like tax avoidance and tax evasion. when you get in trouble for, the other is good business. hold on.n, tax avoidance, some could say, is similar, which is legal, but many think it is unethical. tax people think that avoidance is unethical. >> you don't want to pay more than you oh, right? you would not just walk away from your mortgage deduction. as long as you are acting within the realm of the rules, everything is good. if you cross the line, bad. >> of course, this was all by the new michael lewis book. you can of course still get a leg up on your investments. adam johnson is here to tell us one way to do that with today's insights and actions. >> there has been some debate in the twitter sphere as to whether we have a bubble going on in ipo . time for insight in action. you can understand why people have been asking the question, when you look at the performance of five of the 12 that we have seen in th

stephanie ruhle and erik schatzker at the milken institute conference.ith theirem conversations, including the former prime minister of italy mario monti in a conversation near the 4:30 p.m. hour this afternoon. erik take on los angeles and beverly hills as well. this is "bloomberg surveillance ." good morning. i'm tom keene. with me is scarlet fu and adam johnson with us as well. adam, you get us started on taxes or a lack thereof. score one for shareholders -- zero for u.s. taxpayers. pfizer intends to reincorporate in the u.k. if it is successful acquiring astrazeneca. it would save pfizer millions and leave ordinary americans like you and me shouldering even more of the tax burden. marshall sonenshine, i am fired up about this bit really upsets me, u.s. corporations leaving u.s. soil. what sort of backstop the regulators have if any? forax planning multinationals is extremely complex. remember, the dell deal there was a kerfuffle over where was it cash. as pfizer companies included, sitting on fortysomething billion dollars in cash -- a lot is abroad

from bloomberg world headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> it is the book wall street cannot put down. michael lewis has raised an uproar with his indictment of high frequency trading. paints a picture of heroes and villains and the victims are anyone that thinks the stock market is a level playing field. did the author get it right? >> some on the street say he is not even close. on this special edition of michael lewis is with us for the hour. thanks for joining us, i'm erik schatzker. it is no longer april fools' day. let's bring on michael lewis. you have had a huge week, a huge 10 months working on this. we want to get to the book but first we want to get to the news feed. >> the biggest news stories from around the world. it was the biggest leveraged buyout ever but now a reorganization plan would virtually wipe out the investments of the biggest names that took over what is now energy future holdings, formerly known as txu. goldman sachs may accept as little as one percent of the equity after chapter 11 restructuring. energy future

erik schatzker and stephanie ruhle are there and spoke with the blackstone ceo steve schwarzman on wheree sees opportunity. >> we been having a great time buying things. the m&a business has been really depressed for years, way below historic levels. what is happening is some confidence is coming back and there are a lot of reasons why there might be some confidence. we are finding that our companies themselves are increasing their earnings really in excess of the s&p 500 pretty comfortably. our portfolio companies. what happens as businesses do better is people are more confident in their ability to buy or sell. it does not surprise me at all with over $2 trillion of cash in the system, stock prices that are higher than they have been, as a buyer, you have more currency and if you're this this is starting to do well, then you should feel comfortable about buying something. if there is nothing that anybody wants to sell you, it's hard. >> it seems like there are more of these secondary buyouts from other private equity firms. can you make as much dough with those transactions? >> i know

schatzker and stephanie ruhle spoke to ackman. in this deal for the long haul. >> we don't want to partner with everyone. we want people -- we want to partner with the best management teams and the industries we like. this is not about -- this is about establishing a large position. that is an attractive proposition for us and allergan valiant shareholders. herbalife stock overvalued and the pyramid scheme. what they're telling the market is that there are some serious -- they see evidence of serious problems with the company. the fcc's track record in going after pyramid schemes is pretty much 100%. is currently being investigated by the federal trade commission under the department of justice. last week, the illinois attorney general announced that his office is investigating consumer complaints into the company. herbal life says it is confident it has complied with all applicable laws. we also heard exclusively from .imco's former ceo his first interview since his very public exit from pimco. his move was one that shocked wall

. >> bloomberg's stephanie ruhle there inside tumblr.ime now for the bwest byte where we focus on one number that tells a whole lot. john has the byte from l.a.. what have you got? is 13.y, the byte remember when the ios, apple had mercedes, volvo, but they said there were 13 other manufacturers that they would eventually rollout carplay in some vehicles. today, hyundai, one of the partners, says the 20 15th and not is going to be using carplay. >> welcome it is good to hear that these carmakers are moving into the 21st century. when is this going to be available? how long before these kinds of systems are mainstream? >> for them to partner with the of ferrari and mercedes right away, the sticker is not significant. people are already paying a lot of money and if they have to pay additional money to get something like carplay, they are not thinking of it. but to be truly successful, arplay,like c and there are other companies pushing in car technology, blackberry is an example, they have to make it available the same when you can access

my colleagues, erik schatzker and stephanie ruhle standing by again with jesse jackson. >> thank you so much. with jesse jackson. what do you think? >> well, he was emphatic. has caused the loss .f money people like dolan from the knicks were embarrassed. they will help to mobilize the necessary forces and maybe the three fourths vote. >> you told us before the news conference that you wanted adam silver to strip donald sterling of his ownership, it turns out that is something he does not himself have the authority to do. he is banning sterling for life from the nba and form the la clippers. -- and from the la clippers. he is looking to force the sale of the clippers and that requires a three quarters vote. asked that enough? is there anything else that he ?ould've done today >> there's nothing more that needs to be done. i'm sure he has pulled the owners. >> he said he spoke to a number but had not conducted unofficial poll. >> no owner will stand against this recommendation and vote for sterling. if they did not do it, you would have mutiny by the players. >> it needs to be a unani