you have mgm dominating one end, steve wynn dominating the other.ou get people into the middle? they came up with an idea for a 550 foot tall ferris wheel, the largest one on the world. i did go on it. >> let's take a listen. >> we try to solve a specific problem. we are asking our guests to come 1200 feet. to get people to walk 1200 feet to something, you've got to have an attraction. it has to move a lot of people, it has to be open every day, and be attractive all hours of the day. it cannot just be a nightclub or shopping destination. it has to be something to get a lot of people interested, 24/7. we started looking around at the world of this type of attraction. we looked at the roller coaster down here at the stratosphere. vegas, i'm not going there to ride a ferris wheel. i'm going there to gamble. >> there are families that are going. area where the ferris wheel is, known as the highroller, it is called the link, and there's a number of different restaurants and shops. the whole goal is to bring people there and offer them something accessib

george clooney versus steve wynn. steve wynn told me what their showdown was all about. >> don't tell anyone! onthis is "market makers" bloomberg. ♪ >> overseas, ukraine forces are on the offensive tried to take back territory currently controlled by pro-russian separatists. is government in kiev ignoring demands from vladimir putin to pull back troops. merkel meets with president obama today at the white house to talk about the situation. i want to bring in ryan. he has been covering the conflict since it began. we are hearing about an n. meeting.ou anu.m. >> it is getting serious. it is being held at russia's initiative. they requested the meeting. russia saying they find what has taken place in easterner crane today to be disgusting, a punitive operation. they are referring to a ukrainian military operation that began before dawn local time in the east of the country to recapture a city held by separatists. it started with military helicopters going in, which were almost immediately shot down. at least one we can b

here is steve wynn's account. >> they're molly coddled. we're talking about successfulg.r barbra streisand. they live in a relatively small world. the people around them are very solicitous and caring for them. they have a world view that is therefore everything should be given to everybody 'cause everything has been given toore them. george clooney is fun to be i with. as i said earlier, you havefu to watch your timing. i didn't call the president a (bleep) george didn't collinear (bleep). he was a little into the tequila , but he is fun to be with. he's a good story teller. >> can't we all just get along? >> i agree with them. he's fun to be with and he's great company. >> is he really?be >> yeah. i like him a lot. i don't think he's hysterical in his politics like others are that are alienating and he feels the same way. he doesn't like when people are too polarizing. you have to listen to othe r opinions. come to the table to disagree i a good way. >> greg, i think what it was, t george clooney claimed that steve wynn called president obama an a-hole over a drink or s

at thee with steve wynn global conference. he discussed the cow's explosive growth. >> what is happened is the opportunity is so terrific that makes other things look less than terrific. yes, it is true that we are primary a chinese company. that is probably going to look even more so as our third hotel is being completed in the next 18 months. there will come a point where the ratio of domestic to chinese earnings is greater than it is now. >> you were the first. you got the stands. caesars is building in south korea. you have a new project that could cost you north of $3 billion. do you worry you are going to saturate the the chinese market? >> in the last 3-4 years, our hotel have been steadily increasing in earnings in spite of the fact that the amount of casinos has nearly doubled. our competitors have built beautiful new, very expensive and well thought-out project. yet we are still growing. the market has been expanding at a rate that has allowed the market to add supply because demand has exceeded it. everybody is expe

steve wynn bets big on macao and talks trash about actors. in technology, conspiracy, the story silicon valley does not want you to hear. with today's investor adam warren buffett's big batch, we will introduce you to one of his biggest fans. hank azaria's love-hate relationship with social media. let's kick it up with what everyone is talking about and what else could be -- on the first friday of the month? >> a big upside surprise, 288,000 jobs traded last month and the unemployment rate drops to 6.3%, the lowest since september of 2008. >> impressive, those are good numbers. the most new jobs added to payrolls since january of 2012. is that good news? >> the headline number is good but the details are not quite as good. that's why we see the markets back off a little bit from their initial excitement. it is a tale of two surveys. the establishment survey is very good, to went 80,000 jobs -- this is the weather, it's over and we are coming back on that but then you look at the household survey, it measures how many people were employed. we

moving and shaking this hour, steve wynn. what people really want to know about is that run in he had with george clooney last month. wynn's vegasn criticized wynn obama and the affordable care act with bulger language. clooney responded in kind -- bulger language. clooney rege. -- vulgar language. clooney responded in kind. in atists or actors live world of the run. they live in a relatively small world. the people around them are very solicitous and caring for them. isy have a worldview that therefore, everything should be given to everybody because everything has been given to them. if you run a business, if you are responsible for a lot of people, you come to grips with the reality that you have to have discipline. you have to protect the enterprise in order to take care of the employees. therefore, you cannot be wasteful, you cannot squander things, or you jeopardize other people. running a business gives you a that is compassion defined in different terms than someone who just thinks of themselves as generous, who lives

starting late next year, you will see the next wave of capacity led by some of these properties that steve wynnas talking about. chineseys the government is more predictable than the u.s. government. do you believe that is true? >> it's probably a bit of a political statement from mr. wynn. they certainly are committed to making the macau experiment work. it has been a very successful story. you go back to that period 10 years ago, the market had generated $2 billion annually. we are at $40 billion. it's been a successful growth story for everybody involved. macau and all about the numbers and projections suggested is, how much time do you have to spend over there? >> i try to get over there once a year. we have a colleague in asia as well. getting over there next year to see the construction progress on these facilities will be key. we have been spending time in japan. that is the next great growth opportunity. steve wynn is certainly looking at that market, which is currently contemplating gaming expansion. , is there one who is doing it right? >> las vegas sands has been the biggest benefici

did you hear the black and forth between las vegas casino owner, steve wynn. >> they are molly coddled, they are highly privileged. we're talking about successful artists like george or barbara streisand. they left in a relatively small world. the people around them are very solicitious and caring for them. they have a world view that therefore everything should be given to everybody because everything has been given to them. george clooney is fun to me, as i -- to be with, as i said and you have to watch your timing. i didn't call the president a [ bleep ]. george didn't call me [ bleep ]. he's a little into the tequila. he's fun to be with. >> he's fun to be with and he's great company. i likeham a lot and i don't think he's hiss tarkry kal in his politics. a lot of people are. he doesn't like it when people are too poll arizing. come to the table to disagree in a good way. >> i think what it was, george clooney claimed that steve wynn called president o an a-hole and he said he didn't. >> running a business is harder than running your mouth and the arc all he has to do is worry abou

gets one of the first licenses and steve wynn built a huge can see no -- casino. adelson builds the biggest one and pays it off within one year. >> he made money in one year. >> immediately, he got into the market and tested it for some that allows them to be such a kingpin. >> how is he different from other billionaires? the shoulder is something he wears on his sleeve. ,ost billionaires are ambitious trying to grow their as this is, but they don't necessarily show up whereas sheldon adelson has to convey to you every single time all of the things he has created. i think that sets them apart also makes him extremely powerful. he genuinely said i am putting my money toward causes with his wife who is a doctor. effectivewant to find treatments for 10 different kinds of cancer. is he different in that respect than other billionaires? >> a lot of billionaires are looking for roi with their philanthropic dollars. i think it proves that somebody else i stanch a wealth and means does not have to sign on to the /gates pledge to have a real effect on society. >> thank you

at thee with steve wynn global conference. he discussed the cow's explosive growth.

, thiolase have i gas -- that las vegas hotel mogul and according to steve wynn, mr. bout the affordable care act and said mr. clooney's friend, the president of the united states, was a word that starts with an a. then mr. clooney, screen left, responded an a. it turns out it has gone back and forth between the two of them. steve wynn came out and talked yesterday about the hollywood elite and how they simply live in a bubble. they're different than us. >> artists, actors, people like that, they live in a very strange bubble of their own. they're molly coddled, highly privileged. successful artists like george or barbra streisand or any other really successful performing artist, they live in a relatively small world running a business gives you a sense of compassion that is defined in different termination than someone who just thinks of themselves as generous who lives in a single environment. we know that real compassion, real benefits to the people, the working people of america will only take place as long as america is healthy and healthy means we can't owe 18 tr

one corner world famous hollywood actor george clooney and in the other, billionaire casino mogul steve wynne. the public battle started last month when the two reportedly got into a shouting match over politics during dinner at wynne's vegas hotel. when the story leaked, clooney released a statement saying "wynne called the president an explitive, that is a fact." clooney said he in turn called wynne the same explitive and walked out. wynne denied the story in an interview with bloomberg television and said a-list actors like clooney are molly-coddled. >> they have a world view that is, therefore, everything should be given to everybody because everything has been given to them. i didn't call the president an. [ beep ] and he didn't call me a [ beep ] he was a little into the tequila. >> reporter: now the latest round, clooney won't back down. in a statement to "people" magazine, he insists the original story is true and maintains he had not one shot of tequila. clooney writing, he says i'm molly-coddled. i would suggest that mr. wynne look to his left and right and find anyone in his sphere

steve wynn spent $20 million to buy the sculpture of the spinach eating sailor. to display popeye in front of his las vegas hotel. i'm sorry, but this is just too absurd. those are your top headlines. is that really a headline? >> olive oyl? >> where is miley cyrus? i'm not sure i want to know. >> do you spend a lot of time in las vegas? >> i've never been. >> i did a speech out there. it is just not my kind of town. >> exactly. >> i'm trying to match up the popeye with a steve wynn casino and how that would look. >> let's get to the single best chart. >> it is on the other end of the income spectrum. the reduction in food benefits. snap for short. not just the benefit amount that is come down, but a number of individuals receiving benefits have come down as well. in a regulatory filing in late march, walmart added a new disclosure saying one risk factor is changes to snap and other public assistance programs. previous to that, it went the reduction for benefits hurting its profit. >> this speaks to the two americas would talk about all the time. do you aggregate

coming up, steve wynn does not see eye to eye with george clooney.out what they do not agree on, after this break. ♪ >> all right, you know, a guy like steve wynn does not become a billionaire casino owner without amassing a few stories along the way, right? down with anle set exclusive interview with steve fondestss some of his memories of las vegas. >> frank sinatra and dean martin working weekends and my job was to fly them to atlantic city on my plane and bring them back to l.a. on sunday night. for three years, frank and dean were my guest and stars in my 500-seat showroom. and they were cutting up and raising hell and i got to hang out with them. that it clips is everything else i got -- i have ever done. making a commercial with frank and dean. >> would you say they are the coolest guys you have ever met? >> yes. they were absolutely unbelievable together. frank sinatra doted on dean martin. was a natural, laid-back, witty guy. he said funny things. he had a funny attitude towards the world. sinatra adored him. they were noncompetitive risen n

steve wynn bets big on macao and talks trash about actors.y, conspiracy, the story silicon valley does not want you to hear. with today's investor adam warren buffett's big batch, we will introduce you to one of his biggest fans. hank azaria's love-hate relationship with social media.

steve wynn says the market is macau.than ever in we will be back after a short break. ♪ >> i'm anna edwardsn london. streaming online, on your phone, on apple tv and now on the new amazon fire tv. additionalee any costs for customer compensation. we will continue to watch the stocks through the morning. it is all about jobs today with march unemployment figures do out from the eurozone this morning. the april jobs report out of the u.s.. jonathan ferro has all the details you could be looking for. the market is looking for 218,000. it is going to be more about the headline number. underemployment, average earnings, hours worked. this really is about a second quarter. given the weakness we had in the first quarter and that pathetic gdp read, this first quarter really does matter because you cannot blame the weather anymore. that excuse is dead. the comparisons to 2011 are going to pick up. if you don't know what i mean by that, that is when the second round of quantitative easing and it. a year later, the fed had to crank out the stimulus again. ecb is looking for clues as to whether it need

merck and makers anchor stephanie ruhle sat down with steve wynn for an extensive interview.scuss how lost i guess is no longer just a gambling town. there has been> a steady increase of non-gaming attractions built and offered in las vegas, which were not there before. choicetoday can have the of more restaurants, more shopping, more of everything. the proportion of non-gaming revenue to gaming revenue has changed. because there have been more non-gaming offerings available to the public. is therevenue in america same and has not grown in the last 5-8 years. it because of the proliferation of gaming around the united states in regional casinos. anywayas has prospered because the increase in international business -- all of the emerging nations, china, mexico havee and increased their visitation to las vegas. the growth in las vegas has come from non-gaming and in the gaming sector from international business. >> staying on the topic of gambling entertainment -- gambling entertainment -- gambling and entertainment. the kentucky derby will be held in louisville this saturday.

stephanie ruhle just spoke with steve wynn.

andno mogul steve wynn george clooney, they got together over a bottle of vodka. another actor has a new gig, kevin spacey is in the trailer for the new "call of duty at game.ce warfare" >> we should be tolerant of those who worship a different god than us. a journalist should be able to disagree with the president. people need a leader who can the score and the constraint to keep chaos at bay. >> you give them that and they will follow. and that's right come in. -- and that's where i come in. angela merkel is an washington, d.c. to speak with president obama. they are coming out now to make a statement in the rose garden. let's listen in. there is going to be focus on vladimir putin and the situation in ukraine. >> good morning, everybody. it is always a great pleasure to welcome my friend chancellor merkel to the white house. germany is one of our strongest allies and angela is one of my closest partners. with her indulgence, i want to start by making two brief comments. first, as president, my top priority is doing everything we can to create more jobs and oppo

my favorite of the list is still win, steve wynn.ough i do love co-corian and what mgm has done. >> hotel names like hyatt or hilton or those kinds of names i think where your leverage is. >> all nine properties with high -- >> right. and starwood, it is underperformed. cfo just left to go elsewhere. that gets interesting in the low 70s. >> i think with the overweight exposure that wynn has to macau, that bodes well for them and they have earnings coming out. they'll crush it. >>> crude oil and gasoline are not crushing it. they're both sinking after an inventory report shows a bigger than expected build in supplies. for more, to jackie deangelis. >> gas and oil hitting multiweek lows after that inventory report came out. but what is interesting here is we are seeing a little bit of a rebound in crude oil prices gaining back some of today's losses. just within the last hour or so. so jeff, out to you in chicago, what is happening with crude here and why are we bouncing back like this? >> it is a mixed message here. we saw 1.7 million

billionaire steve wynn says exclusively that opportunity in macau is quite terrific.ed a first-quarter profit that beat analyst estimates as more gamblers visited the largest casino. what is happening is the opportunity in macau is so terrific that it makes other things look less than terrific. so, yes, it is true that we are primarily a chinese company. >> you can watch the full exclusive interview with stephanie ruhle later on bloomberg. >> mark, i hear you are talking sport. >> to weekend of the english premier season. manchester city with a chance of becoming a champion. then littleton looks at the analysis. this really surprised me. whatese are rejections of the bee sports numbers saying, which have the best chance of going on to win this. you can see liverpool, still, the 50% chance. the reason for that is the points on the board. they only have two games left to liverpool.t >> they have got to win all three. everton. is that a tough game for them? >> very. the sub lot is that everton and liverpool, everton wins it, that will help liverpool win the title. >> the

we recently quoted steve wynn in an article. he said he pays his $400,000 a night.e these guys probably play twice a month. you're talking about $10 million a year just in vegas. aoki has the residency we talked about. he also is trying to sell out madison square garden in august. that is a huge solo show for him. he has several revenue streams. not to mention he also has a marketing arm with a fashion label. he sells headphones, he co-markets wireless speakers. we are talking about a brand that goes across several businesses. >> just to press play. >> there is more to it. it is not just because i am a fan of the music, but there is creativity involved. >> thank you. when are you going to vegas next? >> tomorrow. will be backkers" in a minute. coming up, panic at your local sushi joint? we will tell you what is being done about it. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. hewlett-packard's turnaround is missing in action. hp's sales have fallen for 11 quarters in a row. >> talking tough is n

if you going to see steve wynn posses casino, or any of his hotels, everything is in chinese, mandaringlish, and a lot of chinese menu items are available on rim service. they are also trying to lure the asian consumers to las vegas. they're one of the first las vegas gaming companies who set up the new hotel on the strip. they will be trying to get asian gamblers there. it is an interesting situation to watch. a challenging situation for all of them as we realize singapore really is -- >> the only thing is i do not know how good that is that asians like to gamble. >> you can say that and i cannot. qwest my full interview with the at and that will be thursday 8:00 a.m. eastern time. we spoke about everything from online gambling to how a majority of hit not -- his nest -- his net worth mega-casinos. intereste much more region posses interview and write on the ferris wheel. >> i'm looking forward to it. america posses knew his piggy bank digging into the retirement account is the new atm. a big concern. for regulators. ♪ >> welcome back. it is 26 minutes past the hour. bloomberg televis

back to the north is steve wynn's empire. the company's flagship is a few blocks away.outh, mgm has 11 different properties. it is the competition at every price point. in the middle is caesar's. it's eight locations included paris, the lingo, and planet hollywood. it is hungry for gamblers. how competitive is it in vegas? one -- went to through the list, it is remarkable. things.s are adding new that is the devil. >> they have a strategy to bring players back. we have 362 acres of land around here. it includes an undeveloped area. we want to give the customers of our competitors an interesting coming in. >> if the man, it will keep them in play. >> it is a series of affordable retail and dining options. you can drink and party. the retail experience is here. we have a cupcake store. there are also arts of things here. it is more affordable and it is outdoors and indoors. it is open 20 47. >> starting tomorrow on bloomberg, they in vegas. my exclusive interview with sheldon adelson. i asked about his legacy and the future of online gambling. he hates it. tomorrow, a han

another sign that biggest has turned into an asset stock for steve wynn. >> i'm talking to jon hamm aboutow don draper's story will finally end.

>> businessweek quoted steve wynn saying he pays his djs up to $400,000 a night.me of the residencies, they play twice a month. over the year you were talking about $10 million just for their vegas residency. that is not the only thing aoki has going on. he has the ibiza residency. madison square garden, as you .entioned in your introduction this is not a person and the twilight of their career trying to stop out madison square garden. aoki has a fashion line, a record label, headphones. he is making a collection of eye gear, sunglasses. >> he is a brand in and of itself -- in and of himself. son of the benihana founder. >> he spoke about how his father's marketing aggressiveness influenced his brand. >> thank you so much, cristina alesci. when domino's would deliver pizza in 30 minutes or less? there is a company that will deliver alcohol in 40 minutes or less. thethe car that starred in 1960's will have its final days in italy. stay "in the loop." ♪ >> it is called the uber of alcohol. the app just got 2.5 million dollars in funding and has investors like social

casino of the other players looking at the online space, and gm, caesar's, steve wynn has said he doesn'te gaming thing, but he has made the point he has people looking into it. it seems somewhat hypocritical because here he is condemning online gaming when his business is gaming. >> i asked him, aren't you just protecting your land-based casinos because you want able to go to your physical casinos? he says the people going to my casinos are not doing online gambling. the guys betting $5,000 and $10,000 are not adding. but he doesn't know that. pretty much the entire industry is for online gambling. defenseone wolf in his of the physical casinos. >> did he tell you he's going to get behind on the republican ticket? >> not yet. know there are four contenders. >> thank you very, very much. coming up next, barclays feeling the pressure to boost returns, now planning to eliminate thousands of jobs at its investment bank. les, i will be joined on the set set by a model telling us about her latest photographer he -- photography series with 8 million jellyfish. will be back in two minutes. ♪ >>

by the way, this -- steve wynn, shelden adeleson, wynn and lvs are very well run companies.rdinary. >> estee lauder, 64 cents did beat by 9 cents, that's going to be your best s&p component. revenue above expectations. >> that shows you the high end makeup is doing very well. that number took my breath away. very well run company. >> yeah. >> we have a lot of companies in the country just amazingly run and this estee lauder just continues to do a fantastic job taking share, opening -- really with cosmetics, but they went down a little bit. they went down scale too. >> kle china important for them. >> couple upgrades for masco a too. >> masco quarter nothing to write home about but people are getting behind it. not seeing any housing numbers that would justify that. masco does have a big european business and the stock is inexpensive versus the rest of the group. >> shares of directv giving up a bit of gains yesterday. spent a lot of yesterday trying to track down the story. first reported by the "journal." can tell you that there were -- there was an outreach about a month a

wynn lasto steve week.oken sheldon coulson joins us now -- sheldon adelson joins us now. he has spent so much money lobbying against online gaming. he's the king of gambling. >> the irony. maybe the hypocrisy as well. we are making rounds on the las vegas strip are for something like that. he has come out -- you know sheldon adelson. he is the republican donor who spent $100 million to try to put mitt romney into the white house in 2012. now he is putting that money to ban online gambling. he says it's a moral obligation he feels on his part because he says once gambling goes online, is going to exploit poor people. first --ay for you >> coming from the business, i want to make money from those who can afford it. i can't tell over the internet who is underage. i can't tell who has financial difficulties. is not gamingho responsibly. i can't tell if money is being laundered. >> how much are you willing to spend to stop online gambling? >> whatever it takes. there is a lot of -- i know you are looking at me l