is it already paying off for steve ballmer?t is still to be determined because last year the advanced to the finals of the western conference. they have to do better than that. otherwise, they will maybe think about blowing up the team and starting again. there is a lot of pressure this year. cory: thank you very much. still rooting for the clippers right now. i don't want to see the spurs in the playoffs. if you want to see the latest headlines, bloomberg.com and bloomberg radio. more "bloomberg west" tomorrow. ♪ >> from our studios in new york city, this is "charlie rose." charlie: haider al-abadi became prime minister of iraq in september of 2014. a shia muslim, he was chosen by the president of iraq to succeed nouri al-maliki who was accused of discriminating against sunni muslims in iraq. al-abadi has received some praise for assembling a more inclusive government and for his commitment to fight isis. he came this week to washington seeking support in that fight. i spoke with him on thursday in washington just before he le

is it already paying off for steve ballmer? it is still to be determined because last year the advanced to the finals of the western conference. in so, they sort of have to do better than that otherwise if a do not we will have to think about blowing up the team and starting again. there is a lot of pressure this year. cory: thank you very much. still rooting for the clippers right now. i don't want to see the spurs in the playoffs. if you want to see the latest headlines, bloomberg.com and bloomberg radio. more "bloomberg west" tomorrow. ♪ >> this is a paid advertisement for csn. ♪

that is the second-most ever paid for an nba team find steve ballmer's 2 billion dollar purchase of thengeles clippers. let's check some of the other top stories we are following and begin with a check on the price of crude oil. it closed down about .75%. for more on the oil market and the inventory report, i'm joined by the chairman of retreat partners -- chairman of petri partners. how much of an impact's rig count having on production at this time? guest: it's clearly going to have an impact down the road. we have seen two consecutive months of a modest decline in north dakota but the amount of variation there is more a function of how many wells are being completed versus how many rigs are running to drill new wells. the big impact from drilling and lower drilling activity is going to come third quarter fourth quarter of this year. maybe next year. mark: west texas intermediate reversed losses today, after they said stockpiles at the biggest oil storage hub in the u.s. slowed. what does this mean for the oil market overall? tom: a week to week numbers can be somewhat noisy, so we wa

did tim cook pull a steve ballmer. when the apple ceo might want to cool it on the earth day celebration. >>> first when giant cable mergeers short circuit and the government that likely pulse the plug does the exact same thing to all your stocks. rs short circuit and the government that likely pulse the plug does the exact same thing to all your stocks. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years.

the new clippers owner steve ballmer loving it.r in the third quarter, blake posterizing aaron baynes. check this again. oh, yeah. the clippers go on to win. take the 1-0 series lead. >>> lebron james and the cavaliers, game one against the celtics. kyrie irving, first career playoff game, no problem. team-high 30 points. lebron had 20 points, 6 rebounds and 7 assists. kevin love played well in his playoff debut and the cavaliers win game one, 113-100. >>> stanley cup playoff action, islanders and capitals in overtime. the islanders' best player john tavares picks it up and puts it in and the islanders win in overtime. they take a 2-1 series lead over alex ovechkin and the capitals. >>> marathon monday in boston. the weather looks iffy. good luck to all the runners. and you have a great monday. >> thank you guys. >>> how about more highlights. we got another one for the highlight reel up next. new trend at wrigley field, catching foul balls with your beer. >> and what channing tatum has lost but now found. perhaps his clothing? tat

steve ballmer is buying a sports team. marc benioff gives a lot away. what do you do?the money you have made? reid: so, most of it is still in linkedin stock. because i am building the world through linkedin. i serve on a number of different nonprofit boards, like kiva and endeavor and do something. i try to finance projects that i think are interesting. emily: are we ever going to see you start something else? another company? reid: probably not. you know, with series a and seed founders, i work pretty closely with them, but there is a long way to go with linkedin still. so i would say that it's unlikely. although, you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. emily: reid hoffman, thank you so much for joining us. it's has been a pleasure to have you on the show. reid: thank you. ♪ ♪ emily: it has been called the harvard of silicon valley. y combinator is perhaps the most prestigious start-up incubator in the world. it has funded more than 700 companies to date, including dropbox, airbnb

. >> there is steve ballmer at the sideline yesterday during the clippers first game, losing his marbles he is loaning them out. this is enthusiasm we expected from him. >> he was sort of going to strike out during the game, but this is what he is like all the time. amped up. >> first losing to anyone, i am worried about the reigning champs. are any bets he made playing off? >> it is still being determined as far as the clippers. last year, they advanced to the finals of the western conference. it has to do better than that here it otherwise, if they do not, they think about blowing up the team and starting again. a lot of pressure on them this year. cory: interesting stuff. thank you very much. still rooting for the clippers right now. get all the latest headlines all the time on your phone and tablet, bloomberg.com, and bloomberg radio. more tomorrow. ♪ "money clip." from bloomberg world headquarters in new york i am mart krumpton. -- mark: from bloomberg world headquarters in new york, i am mark crumpton. to our viewers in the united states and to those of you joining from around the

look at clippers owner steve ballmer. game two, wednesday night.d the cavaliers against celtics last night. kyrie irving made the fans jump. he put on a heck of a show. the first place to score 30 and knock down five three-pointers in the first playoff game. cavaliers win, 113-100. sorry, john. the action continues to tnt. bulls and bucks. then the pelicans and golden state at 10:30. >>> and tim tebow will sign a one-year deal with the eagles. eagles coach chip kelly apparently met with tebow's quarterback coach and liked what he heard. he will have a chance to show off his skills. tim tebow mania is strong. a lot of fans will show some love for tebow in the city of brotherly love in philly. >>> on to baseball the best video of the day. jon lester gets the comeback shot. ball stuck in his glove. he throws his entire mitt to first base to get the out. anthony rizzo drops his glove to catch lester's. what a day in sports. sorry that your celtics did not get it done. fun. we are just getting warmed up. >> the jon lester video is interesting. lester ha

the ceo is a much cooler guy than steve ballmer was.led the company in a good direction. >> you don't like big guys. i feel a little rage here. >> microsoft didn't perform. >> i'm telling you boring is the new cool, young lady. all right. jo ling kent. she's a genius. the saudis they really hate iran. virtually all muslim nations in the region hate iran. you ever wonder why we're so busy begging and pleading for deals with iran. the guy who says stop. ♪ ♪ neil: you ever wonder why we're in such a hurry to score a nuke deal with a country that everyone seems to hate. when it comes to iran, well israel hates them. the saudis are literally at war with yemen with them. and virtually every muslim country wants nothing to do with them. so, again why the heck are we even talking to them? to ben stein who also says, just stop. and, but here we are. and i'm wondering it's one thing if the whole arab world were pushing us to do this, but they're not. quite the opposite. >> yeah, i don't understand all the -- it has to do with strength. i mean, th

steve ballmer made a billion dollars.of his basketball team just today. >> even as people are talking about the value of that team whether it's worth what he paid. >> clearly it's not given recent trades. it's the bad things that didn't show up in the earnings. the currency disasters that really didn't show up. the revenues we're okay. but nobody you know we didn't have too many really bad disappointments. >> it's interesting because it came in a week where we had economic disappointments. notely that durable goods number this morning. and the gdp forecast falling close to zero. why do we look past all of the macro data? >> that's what the market sent out for six years. i don't think the rally has been hated. it's been misunderstood. people look at the economic data, look what's going on around them and they can't reconcile the fact that the market has gone up for six straight years. so can the market continue to go higher? yes. i say it to you all the time. just because i think the world globally is in a lot of trouble,

complicated series of legal cases that included the sale of the clippers a former microsoft executive steve ballmerent news next on the insider that at 7:00 followed by entertainment tonight s seven thirty then our kron 4 news at 8. >> gary:good evening! >> gary: the early word warriors will open the md 8 layoffs playoffs saturday. >> gary: san antonio is catching up a little bit. here is the deal, oklahoma city will beat arizona. if san antonio can come back then the warriors will open up against oklahoma city. if it stays the same, and lance was stepping into it for a " no playoff. --new orleans. >> gary: i had to laugh. tony says they had to be making this up through a cannot believe they may 77 and practice. they have three of the best shooters in all time creek there was no one guarding him for it here is bulky talking about with a hit in the postseason. >> we would get through all of that accurate which until you know who you are plain. --playing. >> gary:kerr is too savy to play anything crazy. >> gary: grains mom found out about it and told him to drop and the lake with the weight. he respo

if you look at steve ballmer, the way he ran microsoft. betty: we have some footage.tastic. betty: look at him. matt: no one more passionate about his company and now certainly his sports team. have to get into it. betty: thank you so much. matt miller of the bloomberg billionaires team. tomorrow, booze and buses. the secrets to a booming bourbon business. ♪ announcer: live from bloomberg headquarters in new york. this is "market makers," with erik schatzker in stephanie ruhle. stephanie: oil prices may have collapsed but not the oil business. we will see why energy companies are doing better than expected. george soros says the rich should pay more taxes when it comes to building his own fortune, the billionaire sings a different tune. he did index investing before it was cool. we will talk to my favorite princeton alumni, founder of the vanguard group, jack bogle. welcome to

so i met bell gates and we talk about this, and steve ballmer, the then ceo who now opens the clipperslos angeles. so i met gates and ballmer and talked to them and long story short i got microsoft to fund this program that it spearheaded to travel around the country to do some work on what we call blacks in technology. so i got to know bill gates somewhat. and don't ask me how but every year, microsoft, gates, would host a three-day summit for 100 -- the top 100 business leaders in america. and for whatever reason he invited me. and so it was three days up in washington, hang ought at gate's house, just like you can imagine, i'm a little black kid on tom joyner, and for three days i'm hanging out another bill gates' crib. it was fat it was beautiful, lovely. so i'm hacking out with bill gates and i just was just -- i'm always a curious person, and that serves me well in my working a a broadcaster. i was taking these furious notes about what makes these people so unique. what makes these 100 people who are running the biggest companies in the world, so unique. and those were some obser

like the way microsoft, when steve ballmer ran microsoft. think the justice department us then't like you. if those guys were good they would be making big money. no, they don't play for big money. that's the point. that's what chase -- that's what jpmorgan learned. bank ofern america learned. justice department does not play for money. worst enemy if you're one of these guys. they're playing for like -- >> well, they do have unlimited funds with which to pursue you. >> there's 50 states. they can sue you in 50 states. you can't fight them and that's what everyone learned. this is ftc i'm talking about. i think people underrate the people who are on the other side. the guy at justice, if he were really any good he would be a paul weiss. he can go to paul weiss after he's at justice. while he's doing -- he's he's at justice he's doing justice. you may not like it's but it's not dave justice, it's real justice. >>> also awfully close to a 52-week high is lululemon. up to a buy. >> you've got to -- lulu okay. get this. if you were on that confe