manus: telecom thursday. after a wave of consolidation we break down the results from two of the key players. mark: will the drama pay? itv reports. we see if the numbers are as big a hit with investors as "downton abbey" is with global viewers. welcome to countdown, i am mark barton. anna: i am an edwards. -- on a edwards -- anna edwards. stay with us for the bloomberg exclusive with megaupload founder. mark: the markets moving in asia and stocks under pressure as the global selloff continues. we've seen $400 billion over the past three weeks. let's start off with the stock market. >> let's start off with the stock market. we're basically seeing a decline across the regional benchmark. in japan we are down 1% and the yen is a little bit stronger down 7/10 of 1%. one of the stories right now is asia with a very weak retail sales number in the u.s.. to some extent, investors started to book those profits in japan. australia was down because of the banks and the big mining stocks. that is up .5%. that market ha

the real question whether telecom companies will hold this data. they are not mandated to do this. and what if a telecom company says we're not cooperating with the government cosine with us we won't turn your data over to the government under any circumstance? does congress have to find a way to compel them. banks have compel. an interesting way to follow this. banks report cash withdrawals over $10,000. you get to a point where there's some sort of law that mandates telecom companies in make way they have to do this. i don't know if the usa freedom act is a mandate on the companies. they may have to change it as well. it's very complicated. very complicated. >> more than just a vote. >> it's always more than just a vote. >> chuck will have all that and more on "meet the press" like every sunday afternoons for today. >> from one chuck to the other chuck, surrounded by chucks. >> less complicated. hot and humid, you can go home. >> can we love early if we're all done. >> we need to know what's going on with workweek. >> outside, deep haze and humidity in abundance. already showers

either telecoms or tv.ve seen some asian carriers move into the digital media business. but it forms a small part of their business. today, there has not been a massive merger between a telecom. and a technology company. sarah: if you look at content it is difficult to create must have content the kind of content that drives cisco can services. so it is still sports rights. people still have to absolutely have to. there is a very limited supply. and there are non-premium movies and series. that is a very consolidated market. so you know, moving and content, buying a bit of this or that does not get you that far up in stuff you really need is held by -- very tightly by a small number of players, which are the main sports stations and the hollywood studios. you have not seen any of the studios try to get into distribution in terms of telecoms. but what they are doing is realizing they can start to go direct to consumers. they are becoming a bit more of a competitor to the traditional media because you cannot

the bottom line is virtually every telecom company in the world, and are dozens of advanced telecom companies in the country that had access to the cuban market and they have not been allowed to build out or have dropped out of joint ventures. the bottom line is the fact that american infrastructure we allowed to come and does not mean the cubans will about. they don't want the cuban people have access to the internet. in china get something called the great firewater to access the internet in china. there's all sorts of infrastructure. china's both nationally owned and private companies within china that offer telecommunication infrastructure and yet the people in china cannot access the way you and i understand because the government places filters upon. this is a government that will allow you to bring in certain books onto the i look at this is a government that will not allow you to read certain newspapers on the island. this idea that they're going to somehow allow at&t and verizon to say yes, come in and build all this infrastructure from unfettered access to the cuban people is absurd

patrick has built up a large telecom and cable business in europe.tep into the u.s. cable market. he is entering the u.s. cable a lot of a time of chaos, ever since comcast's deal with time warner cable last month fell through, all the smaller companies are trying to jockey for position. charter is interested in buying time warner cable. we also reported that there is a bid for time warner cable. from a regulatory standpoint, who has the better case? i'll tease or charter? -- altice or charter? cory: inasmuch as the fcc or ftc is concerned about the control over content of larger cable operations -- even the time warner comcast deal did not have a geographic overlap but it would have given one company a big say in what kind of content gets out there to most cable subscribers in the world released in this country. altice does not have that problem exactly in the u.s. u.s. regulators are having a hard time making the case that this one company would have too much control over content in the u.s. it is also unclear what the new limits are to these rules

the bottom line is virtually every telecom company in the world and there are dozens of advanced telecom companies in the world that are not within the territory of united states have had access to the cuban market and they have not been allowed to build out or drop out of joint ventures. the bottom line is the fact that american infrastructure will be allowed to command is not main cubans will allowed and here's why. they don't want the cuban people to have access to the internet. in china they have something called the great firewall. they have access to the internet. china has nationally owned and private companies within china that offer telekinetic asian infrastructure and get the people of china don't have access to the internet the way you and i understand it because the government places filters upon it. this is a government that won't allow you to bring in certain books. this is the government that won't even allow you to read certain newspapers and this idea that they are going to somehow allow at&t and verizon to say yes come in and build this infrastructure unfettered access

but the guidelines did not include telecom, which is ericsson's business.to our interview, said the amount was significant, but they said it should be seen in light of clinton's fact that he had to travel to hong kong for the event and that the event spanned two days. the company insists that the conversation regarding iran had no impact on the decision. >> there's money from south america. in june 2010 bill clinton was in columbia. >> bill clinton meets with the then president of colombia to discuss matters in private. what is curious is that hillary clinton is in colombia at the same time. after bill leaves the presidential palace, hillary clinton comes in and has lunch with the president of colombia where she signed some technical agreements and explains her commitment to a free trade agreement between colombia and the united states. >> the very same trade agreement she had pledged to defeat while running for president in 2008. >> as i have said for months, i oppose the deal, i have spoken out against the deal, i will vote against the deal and i will do

like we do know telecom means a number say it's run on telecom and it's not just on telecom but sub sectorspendent on telecoms and some worry it can affect gdp and can have issues on the economy if it's not resolved in record time so the risk is high for the economic nation at this time. >> with the association of license telecommunication operators in nigeria and thank you for your time. >> thank you for having me. >>> european leaders meeting in brussels to address the crisis in central african republic and one million people displaced by sectarian violence and aid agencies warn they don't have enough money to provide food and medical aid that is needed there and jackie roland reports. >> reporter: it may no longer be in the headlines but the central african republic remains volume tile and french and african troops over see a fragile peace after two years of fighting between rival malitia and nearly half a million people are homeless within their own country. christians forced out by muslims and muslims forced out by christians. the muslim minority in particular is paying the price of th

freedom act physically gets the nsa out of the telecom's offices. they must leave. they can't sit there monitoring the telecom's computes but it lets them right back in digitally from their own nsa offices. this isn't even a band-aid. this is just a cosmetic argument to make things look less intrusive when they're as equally as intrusive as they are now, and mitch mcconnell should be wary of the extension of section 215. it's already been found illegal. by the united states court of appeals for the second circuit and that court said if congress doesn't fix this by june 1st june 1st we'll enjoin its enforcement. >> let me ask you whether companies that even say -- let's say verizon in the future says, it has been such an embarrassment, no, you're north going to get it. sounds to to me like the nsa can secretively get it anyway. >> i think you're right and those who claim that if section 215 expires in another ten days, the country will be less safe, they are del lewding themselves. >> that includes governor chris christie. >> yes and former attorney general mike muka

i had been in telecom for 28, 29 years. i knew the requirements of the telecom act on privacy. i knew there was this act in '86 that dealt with data communications. i asked the obvious question, and the obvious question you ask when you're meeting with intelligence people, particularly if they're not fbi, supposed to be looking at foreign intelligence is you ask if they want to be working in the united states. talked about the act this morning. the answer was no. actually, the answer wasn't no. if it was no i would have felt better. the answer was, we don't believe we require it. well that's called in corporate speak, an idiot question. they're trying to determine how much of an idiot am i. to say they don't require it means you shouldn't have asked the question. then i asked the second question, well, if we don't need the warranty, i have executive authority, meaning did it come from the president? the answer was no. i said, well, we'll be happy to help, but you need to show me some authority. i can't participate. that's all i can say. we got blackballed after that. i learned

it will now compel the telecom companies to hold this multiple senators do not think the telecom companies. if they don't, then where are we? >> we have lots of legal processes for companies to provide legitimate information to the government. >> thinking institutions. the hastert scandal has to do with banks recording to the government about cash transactions. >> transactions over $10,000 might be suspicion. banks record that. the government decides whether there is a level of suspicion. we do not need wholesale mass surveillance on you and me and our grandparents and every telephone call we made. we are moving into a world where we use our smart phones for everything our e-mail. >> what if the telecom companies say no? >> they are already providing or rather collecting information for their own records. the attorney general and director of national intelligence already said we have enough data. my beloved old boss tom ridge says more data is not better data, it's just data. we need limited legitimate law enforcement searches. >> appreciate your point of view on this and explaining this t

we talk about telecom access and a lot has been discussed about that. in late february, the first vice president who senator boxer referred to as the -- looks like he would be the next heir in the election. first, there's no election in 2018, right? it's a selection. can we agree on that? >> we can agree that what the cuban government calls an election is not what we believe meets international standards. >> it's the cuban communist party and that's it. it's not an election. i don't want anyone to think we're working on an election in 2018. he gave a long rambling speech, the second highest official in the cuban government about the internet in cuba. one of the most revealing statements was the affirmation that the regime's internet strategy would be led by the communist party. given the communist party's half century long effort to deprive the cuban people of the most minimal standards of freedom of the press and information, would you have the committee believe that the communist party won't make every possible effort to block access to all content th

. >> reporter: a new telecom business has been launched in this tokyo area. i'm in a shopping mall that is popular with foreign tourists. this vending machine sells s.i.m. cards. >> credit cards can be used to buy s.i.m. cards for internet access. passports are used to verify user i.d.s. this machine reads personal information on a passport and activates the chip. the whole process takes about three minutes. another service is being tried out at ibaraki airport, about 100 kilometers northeast of tokyo. the airport is the gate way for budget international flights from shanghai. s.i.m. cards went on sale this month in the lobby. when visitors buy a card they also get a special coupon issued by the prefectural government. the cards can be used to get discounts on regional specialties like sweets at the airport or sake at local stores. tourism officials teamed up with food companies to create the coupon scheme. >> translator: we want to work with telecom companies to provide a good network in ibaraki. at the same time the coupon can boost tourist spending here. w

coming up, brazil's economy is great for telecom.om the ceo of one of the country's largest telecoms operators about 4g. it is a story about a family that has owned a corporation that has now turned into a real or parisian. we will take a look at brazil coming up next on "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance." brendan greeley and tom keene. the best tweet on verizon and aol -- lets her memory aol spent $160 billion plus for time-warner long ago. the 2009 advent of the restructured aol the white line is a restructured aol, the red line is verizon much more study and much less volatile. to get to the same point, again tobias levkovich with citigroup, this is about two different companies and two different qualities of cash flow. tobias: the critical question has been for the telecom companies, a lot of lessons which requires him to put more cash flow into the business, and cost structure they have to maintain. it has been a challenging area. i would like to see that again with the s&p 500. the

really it turns vodafone into this european center, quadruple play telecom.ople have talked about vodafone scype, transactions like that. it would keep them in the t.m.t. space. they don't really become a media company. >> that is exactly right. i think there is still a philosophical debate. whether content is king or whether it is not, we're both old enough to remember when it was king. now some people think it is king again. vodafone has been pretty reluctant to play that game. my bet would be vodafone wants to stay as a networks player, truly a telecom company. as you say, a deal with liberty would mean closing the door on a big content strategy. guy: matt campbell joining us. i want to explain the banana thing. you keep the banana in a jar but you to figure out how the get your banana and your hand out. marks and spencers plans a share buy back. we'll break down the numbers after the break. ♪ guy: welcome back. you're watching "the pulse" live from london's headquarters. marks & spencer with numbers out this morning and it has announced its first stock bu

now the government and the telecom regulator are looking into the issue, but they'll have to take intoeed of consumers, the potential opportunity that platforms provide, and the commercial interests of telecom companies as well as companies like facebook. a new report is due out later this month, could go some ways to provide clues as to how they plan to do this. >> time now for sport. >> thank you. we're hours away from kickoff in the first uefa semifinal. real madrid plays juventus. carey brown reports. >> reporter: real madrid may be the favorites, but momentum is very much on juventus' side. they are on course for the treble. carlos is in the form of his life. 28 goals this season. christiano is also coming back after not scoring in three matches as he scored his 29th hat trick for real madrid over the weekend. they are saying their key priority is to keep a clean sheet, expected to start with the back four here tonight. >>> football fans in indonesia have gathered outside of the presidential palace. they want the president to intervene in the standoff that has brought all football

we talk about telecom access and a lot has been discussed about that. in late february, the first vice president who senator boxer referred to as the -- looks like he would be the next heir in the election. first of all, there's no election in 2018, right? it's a selection. there's no election. can we agree on that? >> we can agree that what the cuban government calls an election is not what we believe meets international standards. >> it's the cuban communist party and that's it. so it's not an election. i don't want anybody think we're working on an election in 2018. he gave a long rambling speech, the second highest official in the cuban government about the internet in cuba. one of the most revealing statements was the affirmation that the regime's internet strategy would be led by the communist party. given the communist party's half century long effort to deprive the cuban people of the most minimal standards of freedom of the press and information, would you have the committee believe that the communist party won't make every possible effort to b

we talk about telecom access and a lot has been discussed about that. in late february, the first vice president who senator boxer referred to as the -- looks like he would be the next heir in the election. there's no election, it's a selection, can we agree on that? >> we can agree that what the cuban government calls an election is not what we believe meets international standards. sen. menendez: it's the cuban communist party and that's it. he gave a long rambling speech the second highest official in the cuban government about the internet in cuba. the affirmation that the regime's internet strategy would be led by the communist party. given the communist party's half century long effort to deprive the cuban people of the most minimal standards of freedom of the press and information, would you have the committee believe that the communist party won't make every possible effort to block access to all content that it deems undesirable similar to what we have seen in other closed societyies around the world? asst. sec. jacobson: when more people have

the question is whether the telecoms will hold the data. the answer to that question is somewhat mixed. i know the president believes that the telecoms will hold the data. i think we should try that. >> an act of congress could force them to do that, correct? >> an act of congress could force them. >> will that pass this congress? >> that's the problem. the house does not have it in their bill. senator leahy does not have that in his bill. >> june 1st, patriot act expires. we'll see what happens. senator feinstein, happy mother's day, by the way. >> thank you. >> mike leiter, always a pleasure. >> great to be here. >>> later in the broadcast on this mother's day, what makes the u.s. just about the worse place in the industrialized world to be a working mom? wait till you see these statistics. >>> she raised kids, a woman running for president and she is not hillary clinton. next, carly fiorina for a meet the candidates interview on "meet the press." why weigh yourself down? try new aveeno® sheer hydration. its active naturals® oat formula..

the bottom line virtually every telecom company in the world -- there are dozens of advance the companies in world not in the territory of the united states -- have had access to the cuban mark and they've not been allowed to build out or dropped out of joint ventures. the fact that american infrastructure will be allowed to come in does not mean the cubans will allow it. here's why they don't want the cuban people to have access to the internet. china they have the great fire wall. they have access to internet in china. china has both nationally owned and proiftivate companies in china offer telecommunication infrastructure but the people do not have access because the government places filters upon it. this is a government that won't allow you to bring certain books on to the island. a government won't allow you to read certain newspapers on the island. this idea that they are going to somehow allow at&t and verizon to say, yes come in build all of this infrastructure unfetterred access to the cuban people, as absurd. they cannot survive an internet opening. so we can pass all of the la

materials, utilities, telecom services selling off.jor averages down even more. bounced off the lows of this very early session. i wanted to talk about some of the movers we are watching today. the best performer in the s&p 500 is having its best day ever. it is at an all-time high. this after "the wall street journal" said it was near a deal to sell itself at evaluation of $10 billion. on the downside today, we are watching rapp space -- their shares are lower. worst day and about eight months and the lowest level since november. of particular sales forecast the lows what analysts were anticipating. this was after amazon web services broke out the numbers and showed rapid growth. rack space has not been keeping up. one of its clients is moving operations to africa. it lost that business in the second quarter. look at gap as well. one of the worst performance in the s&p 500 today which is trading at a six-month low. the company came out with comparable sales figures for the month of april. they trailed estimates. gap came down 15% last

the story, the first story i tell is about this china telecom. it's now called china mobile ipo, the first major ipo restructuring china did. i said that when we worked goldman sachs, the germs on dutch telecom this has taken i forgot six to eight years the chinese may think, when he went back to want to move quickly. this was done in six months. and it was extraordinary. but it was a vehicle. what he did and he was a master because it tells a story about how these transactions fit into the bigger picture. he uses them as levers to drive reform in china, opened up china to more competition to use it internally, these external deals. just like he is wto china's accession into the wto. >> it reminds me of my first trip to china with ron reagan in 1984 and he was still talking go into the trip about red china definitely a buzz word. by the time he came out after a stop in shanghai a meeting with university students we had several days over a stop in alaska, in fairbanks and yet a new conference -- news conference, and ronald reagan started talking a

jennifer is the teleco telecom -- jason is also joining me now. right to you, jennifer.he breaking news really when it comes down to it, the aol verizon deal broke this morning, it is perhaps that we will see an at&t and directv merger that won't be blocked by the department of justice. do you think it has smooth sailing? >> i think it will have smooth sailing. it's a different emerge than the cable emerge. a lot of synergies. but a value proposition for the us consumer. >> is there a stock you like in this battle? at&t or directv? one better? that's what we're telling our viewers. >> we like at&t for a long time. at&t. the time not to bet against at&t is when they're doing the mega deals. history has shown very good execution. and synergy achievement. and remember, the synergy guidance they've given is cost synergies. we think there are tremendous synergies that will spread light on when the deal closes. liz: let's get to aol. again, to you, jennifer. i get what verizon gets out of it. content. mobile. what does aol get beyond an escape hatch? >> well, i think aol, if y

combine telecom units. they may explore a share sale once the deal is complete.ld create the country's biggest wireless carrier by customers. it would rival telecom italia, the only major carrier publicly traded in italy. bank of america ryan monahan has warned the company's trading unit space is further cost cuts. he said expenses will need to be further reviewed unless matters improve. the training operations posted a 20 at percent -- 28% drop. staysthe environment flat, we will have to keep working at expects based and we have worked it down to one level with decent returns. we have to work it down again in the next couple of years. reporter: those are the top company news, i'm shery ahn. angie: china may see another depot later today. include maker's clients pepsi-cola and coke, that a debt is due and it probably won't be able to pay. this is a story we are watching. reporter: the bottle maker said on monday in a statement, that he did not have enough to repay the full principal of more than $95 million. it only has something like $24 million. it has managed

the telecom companies to hold it the other side says the nsa should hold it.here is issue whether the government would have ready access to that when they need it so they could act on a t. and so forth how secure the private sector could keep the material. that is the debate we should be having. instead, you have a panicked politicians in wake of the edward snowden affair, thinking that surveillance is politically unsavory now and they're feeling like they have to push this thing through quickly. i think a clean bill that extends the current law for a set period of time to allow a sober debate is certainly in order. >> i want to move quickly so we can get through the candidate casino. that's next. we haven't done it time to catch up. charles, ill start with you. what are your doing with your chips this week and we're only doing g.o.p. side. >> rubio ahead, of course, as i have been with him since the beginning. if you like infrastructure, you go for bush. if you like the chatter and the appeal, you go with rubio. i have got 5% on the field. i think it's almost

it's not just telecom. 22 times ebitda is what danaher paid for paul as you look at global telecom m&a volume. these multiples are getting very high. the market is rewarding them for doing so. the roll-ups are the way to go no doubt about it. but i just simply ask the question, are we getting towards the end here? we'll see. >> it's expensive. my biggest worry is what's also the greatest part of the market. that's what's terrible. my biggest worry is they are paying too much for these deals. the best part of the market are the deals. you take those away you're stuck with a market where you get companies that can't get out of their own way unless they boost their dividend. obviously those ones that boost the dividend will keep going. >> confidence breeds confidence. >> right now, avago, you are saying tell the guys from altria we'll just pay. whatever they say. >> we are seeing a decline in prices. dow down 71 session lose. >> slow down with a rate hike. perfect. >> that goes in front of a busy week next week. we'll get a jobs number auto sales, isms. that will add to more. not the sig

they had and selling telecom equipment to iran. they had been gaming state department -- department reports about selling equipment to belarus and other oppressive governments. there are state department cables that came out through wikileaks that shows the state department officials under hillary clinton were pressuring the swedish foreign minister to deal with companies like erikson they were doing this. my question is why did erikson decide at this point in time to pay bill clinton is outrageously inflated speaking fee that is higher than he had ever been paid before it. i think that context is extremely important. again you can look at that case and say well maybe it's coincidence but the problem is he at the same thing with the keystone xl pipeline. the uppercase and balding united arab emirates that takes place. there are multiple examples were the timing of these payments just does not pass the smell test. it deserves further scrutiny. as for the next call comes from taylor and spartanburg south carolina republican line. go

and if you want it held by the telecoms instead of the government as a compromise okay. i don't have a great objection to that. but this is not a police state tactic. >> this is the balance between privacy and national security. the proponents of this judge, obviously say that taking this tool away leaves us as a country vulnerable. >> right. i think they're wrong. the people with whom i have spoken in the nsa and formerly in the nsa say the problem today is there is too much data there. instead of focusing on the bad guys which the probable cause requirement of the fourth amendment causes them to focus on they're getting all information about all people all the time and they can't sift through it in time to stop things like the boston marathon bombers, who used e-mails and cell phones major nadal hassan. those two idiots that tried to kill the muhammad cartoon gathering in texas. they weren't stopped by the nsa. >> what i'm hearing is maybe it should be expanded to cell phones. >> it already covers cell phones. the order i saw was all of verizon customers which was land

on sub sectors dependent on telecoms.will affect our gdp and can actually have significant impact on our overall economy. if the issues are no resolved in record time. so the risk is quite high for the economic commission at this time. >> while nigerians have had to go without fuel some of the country's petrol is being sold to togo. our correspondent reports from the capitol. >> reporter: these containers are filled with fuel from nigeria. boats arrive nearly every day. the smugglers throw the containers overboard and the tide brings them in. this is a beach on togo's border. we have to film in secret because the people here don't want outsiders to see this. traders come from all over togo to buy fuel here. in the capitol they sell it along the roadside. bike riders are the main customers. it's the way most people get around in togo. on a good day this seller says he can take home $40. he doesn't want us to show his face. >> translator: i know it's illegal, but if it weren't for this maybe i would be on the streets or an

if we dig a little bit between within the s&p, you saw energy have a big run and you saw telecom flip into positive territory while materials and health care really lagged. the energy story is interesting -- energy, which everyone thought was finished and was going to crash and here it is again, a solid day. a rotation outg of safety names like health care, financials into riskier place -- riskier plays. joe: that coincides with the reversal we saw in the treasuries. health care is an interesting day in that respect. alix: we have this pond selloff and then today, the question being hosed is what is this? is it a sign we are seeing inflation in the market? is growth starting to prop up or is it purely a technical trade? bank of america says there's something going on here. joe: there is this idea that it started in europe and the idea europe is coming out of its deflationary time, but it seems to be something more because it has been so global and it's not just the fixed income. thing that there hasn't been a dramatic reversal on is the sovereign's. alix: we had the new york fed presi

we have chris marangi here with us from gabelli talk about telecom. their deregulation, europe is still a country-by-country market for telecoms. chris: the european response to having no silicon valley is to put shackles on microsoft and others. tom: it is a raging debate. it is a constructive debate. this idea of a higher valued human capital -- i cannot even believe we are having the debate in 2015. i get it in another time and place. brendan: both mario draghi and janet yellen say that it is not just infusion, it is also education. education is the big component over human capital. is in the quality of the education? tom: i was finishing up gary wills' fabulous piece on lincoln. he loved cutting edge technology and innovation, which was the telegraph at the time. that was a miracle in 1864, or whatever. we have our own telegraphs today. brendan: we will move from that too -- tom is also never seen without a. top photos. we will look at pictures. number three, in venice the 41st vogolonga took off this weekend. are they rowboats? those are gondolas

he is the founder and head of european telecom group. >> the market loves patrick. the shares are up 7% or 8% today. the company went public in january of 2014 and the shares have only gone up. >> the french cable company brought france's largest mobile carrier in a $23 billion deal. it is giving the former monopoly a run for its money. few people expected him to move sites out of europe so soon. but now he has. there is speculation about his next move across the atlantic. >> the sudden link deal does not change his interest in time warner cable. he is still interested in that company. i think you can expect him to do more acquisitions. >> he confirmed that those acquisitions would still continue in europe. further evidence of the 51-year-old tycoon's intention to build a global empire in cable and mobile. >> europe ended the session in the green. despite lingering fears over greece shares ended higher between 2% and 3%. the biggest winner up .3%. the united states markets anxiously awaiting minutes of the fed meeting in april. those have been released and it indica

. >> telecom giant verizon is buying a.o.l. for $4.4 billion. more consolidation a.o.l. is no longer focused on internet, but owns a number of websites. verizon says the partnership will help with content and mobile vied yeah, the vote is expected in the senate in about an hour's time. it could change the way trade deals are made patty is it even possible to get a trade deal of this size done without that kind of fast track. >> well, anything is possible, but it is very very unlikely. the trade deals are no longer just about tearing down barriers. from regulation, and services, so these are big monster trade deals and if congress can go in and cherry pick out the parts that it doesn't like, imagine with the trance pacific partnership. nothing would ever get done. >> so the president has been pushing for this for some time, and it's been difficult to get it, what is the argument for congress approving this. >> well, he is really pinning it all on the t.p.p. and framing within the context of the trance pacific partnership, again 40% obama's argument, is that this is good f

we also have telecom materials as well. what gives with the markets today? i will bring in carl of bloomberg intelligence and a company.rtner of the big guy that came out today with housing permits. housing permits up to 10%. it seemed like the markets interpreted that as a rate hike earlier rather than later. do you agree? certainly is good economic news. i don't think it changes the timing of the fed liftoff here. i think september is reasonable. the housing sector is simply too small to save the economy from the larger downdraft we see as where -- elsewhere with consumer spending and business investment, and then export sector that has fallen into contraction due to the strong dollar. some good news that will propel economic growth, but i don't think we are really changing the fed timeline. alix: but as we take a look at the treasury market, what happened there? guest: the data has pushed people's expectations. if you look at the fed fund future, if you saw a meaningful increase in the expected rate in december, people did start trying to bring forward th

the nasdaq king out a win -- a day of gains, and losses, and you have telecom leading the s&p higheroday, but for more on the markets, let's bring in lisa, david, and another. hi, guys. welcome. it is said day. doing little and doing nothing, and it seems like that is exactly what the markets thought, david. david: yes, i think that is right. from the minutes, it seems the fed is kind of con founded by the weakness of the economy. they thought it would be more robust coming-out of the winter, and that has not happened,. alix: is that it? bye-bye, june? >> they emphasize the transitory weakness in the meeting minutes, and since then, we have seen weakness in a number of other reports, industrial production, retail sales. you bring up a good point. deeper, things are not that bad. even the lows had disappointing numbers, but some of the commentary was positive. take a look at this. the ceo said he was encouraged by the consumer sentiment survey, where we continue to see homeowner views around personal and home values improve, and he went on to say highlighting some things. >> this is a

. >>> japanese telecom operators softbank is taking a stake inia ma da. official -- in yamada. softbank will buy a 5% stake in yamada. softbank officials hope to improve their sluggish sales. yamada reported lower profits for the year that ended in march. the idea is to create a new business by linking yamada's home business with softbank's business. >>> work continues rebuilding from the 2011 earthquake and orders are flooding in ahead of tokyo olympics in 2020. there's some solutions. >> reporter: a new hotel is going up in tokyo and the construction crew is hard at work. the kind of work that puts bodies to the test. >> this is hard on my back. >> reporter: construction work in 1990 it was 4.5 million. at last count it was down 1 million. managers say they have a solution. workers will strap on this device invented by a start up firm. it takes the heavy out of heavy-lifting. i'm about to lift something that's more than half of my weight with this support suit. let's give it a try. it's heavy but not as hard as i thought. feels like somebody is pushing up my lower back. it al