business secretary after he held talks with tata directors in mumbai. tata has promised to let the sales proctors continued during a reasonable amount of time. tata said it would sell last week, sparking fears if the buyer is not found quickly. glencore is selling off its state in its agricultural business -- its stake in its agricultural business. the deal values the entire agricultural business at $6.25 billion. glencore will be using the cash to pay down its debt. france wants to lure tesla to its shores. the environment minister wants to convert a nuclear plant to a car factory. she has reached out to elon musk and she says she will meet with 04/06/16 04/06/16 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> i don't know if the audience herere knows it, but it has been projected by i think all of the networks that we won in wisconsin. amy: it was a big night for underdogs as bernie sanders and ted cruz win decisive victories in the wisconsnsin primary. >> what an incredible victory tonight.

tata steel under investigation in britain. an internal audit showed a lapse and procedures.low me on twitter @rishaadtv, don't forget to include #trendingbusiness. china markets underway at the bottom of the hour. singapore, taiwan, malaysia starting off. started with dollar-yen. it has been the story going back to the first of april. in fact, just a few minutes ago, we were below the 108 handle against the u.s. dollar. briefly above that level at the moment. analysts if the boj will start to intervene, chances are according to most, not yet. chance of intervention is quite low according to the bank of singapore. level look at the average where analysts think the boj might step in, 100 dollar-yen. at this level, that would mark the confirmation that the psychology around the currency has completely changed, so watch this very closely. which brings me to the japanese equities session, 15,000 617 is your level here. will the strength and the japanese yen continue to push investors out? foreign investors have been pulling out for weeks going back to the start of the year. so it

moody's now saying it thinks tata's plan to exit the u.k. actually make sense for the indian company. the ratings agency says it will ease pressure on its operating performance at tata. let's get another look at what's moving in italy. we have banco carige to reject apollo's bid for majority stake. this comes according to the investor's lawyers. the newly appointed board will ultimately decide on whether or not to accept the bid from apollo. and getting a look at kering now moving to the downside. the creative director is leaving the business after four years. she's been credited with the undisputed success when it comes to repositioning that brand. no replacement has yet been announced. >>> and meanwhile, let's get a check on how home retail and sainsbury are trading. the board has now accepted the 1.4 billion pound takeover offer. this announcement ends the negotiations which began all the way back in november. the acquisition is expected to be completed in the third quarter of the year. as you can see, investors selling sainsbury, off abo

this comes as tata steel begins formal talks of its u.k. operations sale. big wrench in the deal. >> it just got that much more complicated because we learned that the fraud office in the in. has started this probe december, and it was after this internal investigation that we saw coming out of the company, which they found inappropriate testing as well as falsifying certificates that the staff had done. detailingthey were the composition of the product before they were sold. said they stopped these practices after this internal investigation and did suspend personnel at the unit. as you mentioned, the timing of this could not have come at a worse time. formal talks to exits its u.k. business begin today. concerned about the oversupply, highs cause, rising steel exports, particularly a flood of cheap exports from china, and some are calling this a crisis in the u k steel industry. so far, liberty house group is the only perspective buyer for its plant and british processing operation. thisroup turned away from management turnover plan, and instead put its a

tata essentially facing -- is essentially facing two main problems. now,weak partly due to global demand but also chinese week capacity which has led to lots of steel imports coming into europe and making life tough for steelmakers there. but the problems are also somewhat homemade. in two dozen seven, t -- in 2007, tata paid 2.7 billion pounds, which seemed like a high-priced than. -- high price then. the crisis came along, steel demand declined it hasn't recovered since then. now, its operations in europe are struggling, in particular in the united kingdom. it needs to do something. debt is almost around 11 billion u.s. dollars. they were downgraded on friday by fitch. the company felt like it could not carry on the status quo and announced that u.k. operations were up for sale. anna: what are the barriers to securing a deal for the plant? yesterday there were talking about the three p's, power, plants and pensions as being topics of conversation with potential bidders. >> life for the u.k. government. tata has not been a poor investor. to been inve

. >> abc's ines day la core tata. i can't get over kasich eating pizza with a fork.y won't these guys realize that when you're doing your publicity. >> everybody who comes here. >> got to eat your pizza with your hands. >> leave the fork stuff at home. >> fold over, one big bite. >> yeah. seems like every time the toilet gets cleaned, someone's there to undo it. after a superior clean, apply the lysol click gel. to keep it fresh, flush, after flush, after flush. for a toilet that gets clean, then actually stays that way. lysol that. ♪ look how beautiful it is... honey, we need to talk. we do? i took the trash out. i know - and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicar

because the british government has also stepped up its efforts for the tata steel business. nationalization, though, doesn't appear to be on the table. the secretary of state for business telling the bbc that it's prioritizing finding a private sector buyer. >> i don't think nationalization is a solution to this. >> even for a few weeks or months? >> having said that, i also think it wouldn't be prudent to rule anything out at this stage. i do feel, though, for lots of reasons after talking to tata, many of those involved in this, there will be enough time to find the right buyer working with the government and able to take this forward. >> so saying nationalization is not the solution. we were just talking about the potential for a brexit with an earlier guest. we're coming up close to june 24th very quickly. how do you feel the knock is going to be felt? >> i think overall, we still have almost three months to go. it's a long time. nothing politics. 24 hours can be a very long time in politics. it's unclear to us who is actually championing the cause for the remain. becaus

the revelation comes as tata steel announces it will sell its business in europe. many say it is now time for the british government to pay. >> with the investment they put in over the years, there is a responsibility that has got to lay at the feet of the westminster government, that they have supported our industry for a long period of time. it will be without industrial strategy, i believe in the u.k., and that will have a detrimental effect. ultimately we should stop the chinese cargo from coming in. >> the chinese prime minister was dealt an embarrassing blow after the italian minister resigned after allegations of a conflict of interest. the government would pass -- renzi isto help set to name a replacement in the coming days. >> finally, you are going to what actress whoopi goldberg has in common with willie nelson. what is going on? >> the oscar-winning actress and is following in the footsteps of willie nelson by launching a marijuana line. she along with a northern california producer will offer a chocolate, cream, and bath salts to aid menstrual cramps.

the testimo-- systemic tata tatar -- targeting from the regime and russia. >> reporter: around 1,000ple have received training in turkey and jordan. they also have four training centers inside syria. back in aleppo, these men continue to work despite the threats or hardship. 40 of them were killed in 2015. there are no guarantees that this year will be better. the truce has brought relative peace and calm, but it won't be too long before they are hit again. >>> the iraqi army has begun phase 2 of its offensive against isil, following a three-week operation, it has launched an operation in the contested village south of mosul. >>> thousands of people in the iraqi city of fallujah are facing famine. human rights watch says they haven't been able to get any aid supplies into the city, since the government recaptured ramadi from isil. supply routes have been cut off. up to 50,000 people are trapped inside fallujah, and supplies are running out. >> we're deeply worried about the situation in fallujah, we understand that humanitarian conditions have deteriorated dramatically in the last th

some injection of financial assistance, it means assistance with things like the pension fund so that tataan keep operating and we have the longest possible time to find a responsible buyer. to see howt is hard the largest industrial site in the u.k. could survi without some government intervention. anchor: a quick look at how the markets are faring this monday. the european indices, slightly in the red. frankfurt with a little better finish to their sector. the banking sector, in particular, rallying. is trending slightly higher. the dow jumped earlier in the sessions but pared back those gains a little bit. oil prices are once again very much in focus this week as the opec oil producers cartel discusses its output levels. crude has closed above $40 per barrel for the first time in about three weeks. international brent crude also hit a four month high. let's turn to some of the other business headlines. the owner of the u.k.'s "daily mail" newspaper is considering a bid for yahoo!'s news. it is confirmed he would join a number of diverse companies which are reported to include the teleco

business secretary has refused to rule out a temporary nationalization of tata steel operations.essed he does not see nationalization as the answer and he is confident he can buy -- find a buyer. >> i don't think nationalization is the solution to this. it also would be political. i do feel for a lot of reasons after talking to tata and others that there will be enough time to find the right buyer working with the government and able to take this forward. kumatha: orange has abandoned its attempt to buy the phone business of bouygues. phoneies the french industry of a consolidation that would have eased competition in one of europe's toughest market. social guarantees for its employees and a level at stake in orange. shares in both companies are trading lower this morning. goldman sachs says it is time to sell asian currencies after the best monthly rally in more than seven years. strategist who predicted this year's emerging market recovery says currencies will resume the decline with further easing in china and japan rate a gauge of 10 currencies rose 3% in march. hans: we have

you're right, we should not get into this tit for tata and we should be debating the issues facing america. all i am saying if the people are going to attack us and distort our record, as has been the case time and time again, i'm going to respond. >> this could happen to anyone but hillary clinton's ride on a new york city subway yesterday didn't go as smoothly as she had hoped. it took the senator five tris to get the subway card to work. she eventually got through. >>> john kasich clearly has a stomach for new york politics. kasich downed two plates of spaghetti and half a sandwich during a campaign stop at a deli yesterday in the bronx. >>> former president bill clinton confronted protesters during an appearance for his wife in philadelphia. the protesters took issue with the impact his 1994 prime reforms have had on black americans. black lives matter activists clinton defending the reforms, calling young people super predators. >> i don't know how you would characterize the gang leaders who got 13-year-old kids hooked up on crack and sent them down on the street to murder other afric

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the government has been trying so hard to find a buyer for tata steel.ty.company is that will be on the table today. liberty might back out of the deal now. yvonne: it is not going to be easy. sensing some doubt as how they will go forward, if the government will fulfill the terms he requested. he wants more relief when it comes to high energy prices. how much it is going to cost to clean up the site, $1.4 billion. he was quoted over the week and saying, if we don't do it, fine. he feels very passionately about this deal. he wants to be able to make this shift. angie: watching this carefully. more and moreng expensive to buy things in china, especially when it comes to food. will policymakers keep interest rate on hold for a while? our group discussion is next. ♪ >> these are the stories making top headlines around the world. north korea says it has successfully tested an engine. says it is monitoring the situation closely. washington said a new antimissile system would deftly be deployed in south korea. plans have been unveiled for a new tower in dubai

when you look at other jobs and information plans, the board in tata steel looks at all of the injunctionsook at plans, it is not something you can support or afford. , but not capital connect not only in the next few years but the long-term. reporter: how does this give you confidence that you will get somebody who would be interested ? >> it is not a const -- consequence of confidence. looking at it in the same manner as when we went for the steel process. the situation was similar. how concerned are you on china right now given what the government has said reiterating commitment to growth . are you confident they can do it? >> i think they can. a lot of people don't understand the nature of the chinese structure, political structure and economic structure. it is a planned economy. so when the leaders and say we want to 6% growth, they get 6% growth. maybe it does not go anywhere, but they are going to get that growth. now they come to the realization there is a lot of waste. they do want to move to a market economy. there is a market economy allocates resources more effectively. so i am

there's all this controversy regarding tata steel. jon: i think it is incredibly difficult.s of the industry are really horrible. massive overcapacity globally. very price insensitive. they will operate at pretty well any price. that has depressed global prices sharply. ,ou try to work in the u.k. with u.k. wages, u.k. our prices, u.k. taxation, and it is just too hard. i don't know there's an easy way through. the only way of saving that industry involves central help from the government measured in several billion pounds territory. francine: is it worth keeping it? jon: i would have to say i think that is a very difficult question. obviously you think it is if you work there. if you don't work there, you would have to say that industry is really hard work and while bits of it are worth saving, there are some of value added bits, the only valuable route is to make it a scrap business rather than a blast furnace business. the problem is that costs hundreds of millions to do. you've got massive problems with the existing fund deficit, with huge li na costs, so the arithmetic

tata rogers is on a mission to give women the tools to join society as a whole and that includes music. >> services are not the only thing they need. art is part of what they need also to thrive. >> reporter: these young women may be more familiar with jay z than jay broms but that does not mean they appreciate this any less. >> music is very, very powerful and can get to places that other things cannot. >> just be cool. everything will get better sooner before you know it. oh, yeah. >> natalie pasquarella with that story. playing. ey usually have a bunch of different jobs. it's a long day. performance. they do other gigs. the fact she's doing that is remarkable. by the way, our theater coverage always online on our in the wings section of our website. take you on stage, backstage, broadway. >>> still ahead on this saturday morning, as concern grows over the zika virus, we'll look at what local officials are already doing to protect residents. >>> and it's time to ask produce pete. >> hey, good morning. now, we heard raphy say it's cold out. you know what? i'm doing mangos. they remind

tata consultancy services we'll appeal a verdict.y found the indian payware makers should $1 billion for using software without permission. it said it did not receive any benefits from documents downloaded. expanding in the u.s., looking to gain a bigger share of cross-border mergers, sumitomo has hired a barclays veteran to lead the team and will hire up to 10 more senior bankers in coming months. world finance jason washington, but the market call may be only temporary. what did everybody have to say. g-20 were more optimistic than in shanghai in february, when they acknowledged the risks and the rocky start to the year. this time they say the risks have stabilized. rising, not to mention volatility indexes had ease. christine lagarde saying that the talks were a bit of a collective therapy to move from the negative situation to a more positive approach. was pretty cautious about what lies ahead. take a listen. there was not exactly the same level of anxiety, but i think there was an equal level of concern and a collective endeavor

here to react brigadier general anthony tata, he's the former general of u.s.ces in afghanistan. you are looking at the book right now "three minutes to midnight." your reaction to adding 250 special forces to the 50 in syria to combine with rebel forces in syria. i'm not sure what that mission is. >> it's three dimension shall chess. what you've got is the rebel forces in syria are concerned about assad. we're trying to train them and convince them to attack isis. attacking isis is in our self-interest. attacking assad is the rebel's self interest. that's why you hear about four syrian rebels trained after a million dollars is spent. we're sending forces over there to train. >> 250 taking on isis members is tough odds. we're not directly fighting, so to speak. >> so to speak. we're going to be training and equipping and sending them to the front lines and there could be some looking over the shoulder but this will not be direct action. >> another half ass action. i feel sorry for the guys going over there. it looks like they are going to release the 9/11 paper

tata could jeopardize 40,000 jobs.ushed or reduced competition in french wireless markets. expectations fell. more consolidation in the airline's business. alaska air has agreed to buy virgin america. the deal valued at about 4 billion u.s. dollars has allowed alaska air to take a 40% premium. it is unreal. we have four carriers controlling 80%. tom: we will have one frequent-flier mile. i can't keep track of them. the kids use all the miles. what is all that about? i don't think there has been an ipo since nexen was president. global is trying to get it done. caroline on the imf, what do we have? caroline: fascinating headlines coming out now that the eu is working in good slave -- good faith to finish the greek review. words from christine lagarde to alexis tsipras. achievingcerned about progress in an environment of extreme sensitivity. wikileaks released a transcript of the imf looking to want to push more debt relief toward greece. let's get more on this story. it is a fascinating one. let's talk to bloomberg news

europe is talking about it with tata. they are talking about trade retaliation. not clear yet. in these fold conflicting snapshots of what we have heard from china in the gdp report. ken: the number one thing people should look at is the chinese yuan. when it is strengthening, it seems to be an all clear to the marketplace and people like metals. when it weakens, that is when they have a rough go. if you have an opinion on the yuan, you will have an opinion on the base metals in the markets. scarlet: ken hoffman, thank you so much. alix: another stock we are watching is apple, now in session lows. crossing on the news that the company is reducing its iphone production cuts. that comes to us from the nikkei report. we will bring you the latest on the other side of the break. ♪ scarlet: this is "bloomberg markets." i'm scarlet fu. alix: i'm alix steel. scarlet: a big week for the tech industry next week. of course, yahoo! kicks it up on monday when you deadline for buyers to bid for its core business comes due. alix: for more, alex sherman is with us now. who is ly

rox, , i want to get your tata n just his demeanor, thehe way you mentiod, he is very blunt and speaeaksisy y th could c cause him problems. that he is so b blunt, some even say c crass, that he is a great, relayingng areat message butt he as thee messengeger is ruining t for himself. what do you think?k? >> weell, what i thinkk is, when we look at that, andnd tt's his stylyle. he has createed, when you look t s popularity, where he lies, that who is to say that the right way orhe wrong w way to approach what we'rere doing inin american politics. mean h he has majority amount f he n news. has p positive news,or the bad, or nt so positive nws. he is in factwon or captured most of the major news timime. but i i also when i look, when e lo at donald trurump we lok at hias far as whwheri stand in my communityty o hope, and we understand that he can be crass, that many times thehe way youeal with people, you need to deal with somepeople in d different ways than o others. neilil: l right. >>> > i believe he is the hopeor americans. where i livive inmy community, e know jbs in pnsylvania arare 40

lo unico que quiere es un riÑÓn asÍ de pequeÑo y miserable eres aurelio casillas, estas equivocada tata el wla# quÉ rico james, mande las fotos, asÍ dicen. >>> bueno vamos a empezar a preparar este pollo, muy fÁcil. fÍjate vamos a preparar el marina marinado, pedro me tocÓ adobar uno que otro pollo y comiÓ bastante. >>> sÍ tambiÉn. >>> quÉ vamos hacer, vamos a colocar un poco de chile ancho una licuadora seÑora, tome nota en casa para que prepare esta receta junto a nosotros. lo que hice fue re hidratar el chile ancho, ponemos clavo de olor, comino. >>> quÉ rico >>> orÉgano mexicano tambien i no es la que fumaba >>> no, no, no >>> no la que dejÓ ciego a josÉ feliciano, no es la que dejÓ sordo abe bethoveen >>> tampoco >>> que septiembarÓ a los beatl mantiene juntos a rolling stones >>> que fuma donald trump >>> puede es eser >>> agrego agua donde se hidrata el chile, hacemos el pollo a la orden del cliente. >>> lo vamos a bautizar como poco jilllito a la james. >>> fÍjate tengo aqui el pollo, la pasta, tÚ llevas cuÁntos estos en el mundo de la mÚsica >>> 47 aÑos de rock and roll y lo qu

tata "que dios te lleve mija, y ni escribas, para que, si no sabemos leer".cos, india marÍa, descanse en paz,regresamos con ustedes desde el corazÓn de la ciudad de mÉxico. alan: un aÑo de la partida marÍa. muchos de esos chicos estÁn muy pequeÑos para recordar las pelÍculas de la india marÍa, pero los papÁs tienen recuerdos. karla:¿quÉ le gustaba de la india marÍa? >> sus pelÍculas. karla: ¿cuÁl? >> "ni de aquÍ ni de allÁ". karla: me dijeron que usted la imitaba. >> un poquito: yo no soy de aquÍ ni de allÁ. luis: tambiÉn decÍa no puedo aprender inglÉs, y el espaÑol ya se me estÁ olvidando, se me hace que me voy a quedar muda. karla: vamos a pintar en esta escuela, y vamos a hacerlo en todo el paÍs, vamos a apoyarnos, vamos a regresar a la casita pero antes regresamos a los angeles. francisca: tenemos un super programa el dÍa de hoy, quÉ bonito que podemos brindar las herramientas necesarias a tantos jÓvenes para que desarrollen su carrera en el mundo de la comunicaciÓn. gerardo ortiz se defiende de las acusaciones que enfrenta en una batalla legal, y no se i

. >> felicidades tata, te deseo toda la suerte del mundo!siÓn, muy oscuros. maity: de todo un poco, marlen fabela, si necesitas modelos para los labiales, todas las chicas de "despierta amÉrica" nos apuntamos para probarlos. elizabeth y william me encanta verlos asÍ. johnny: ivy wuee -queen no tenÍan falda puesta? ¿quÉ pasÓ ahÍ? maity: era un adelanto. sobre la casa que vende jennifer lÓpez, preste atención, despuÉs de terminar exitosamente programa que estaba haciendo en los angeles ha puesto a la venta esta casa que vemos en pantalla por 12,5 millones de dÓlares, habÍa empezado a 17 millones, ya le estÁ bajando. johnny: la economÍa no estÁ para eso. maity: pero no es cualquier casa, primero es la casae jennifer lÓpez con su propio estudio de grabaciÓn, su propia sala de baile. johnny: mira la piscina, dios mÍo. maity: tienen nueve habitaciones, tiene varias salas formales, una gran cocina, un cuarto sÓlo para huÉspedes, un cine- teatro, con capacidad para 9 personas. johnny: todo lo que una estrella necesita, estudio, cine... ¿no tiene bow

most of these foreign outsourcing companies are from india -- infosys, tata, wypro.you may not recognize those names, but they are making billions of dollars using the h-1b visa to outsource american jobs and displace american workers. a high-ranking indian government official even called the h-1b visa the outsourcing visa. so the international herald tribune investigated these indian companies, and here's what they concluded, and i quota thriving community of experts and innovators in the united states, the indian firms seek to funnel work and expertise away from the country." now, congress intended the hs-b program for the congress to hire a skilled worker when the american employer couldn't find an american worker with those skills and a little. we didn't create this program for foreign outsourcing firms to exploit the program and to bring foreign workers to our country to be trained and talented american workers see their jobs shipped away. so let's take an example. in the last year alone, media reports have documented the replacement of hundreds of american work