tom keene, running in place as i speak. the palestinian president seeks statehood for his country outside negotiations. meets his goal, announcing 7.1 million people signed up. >> there was a victory for the president. theavid plotz, one of saying we got-- the 7 million that they forecast. appreciate the right and the left. >> there will be debate on the data coming out today. the mba mortgage applications at 7:00. it is a weekly number. at 8:15.ent they are cutting more paychecks, that is an indicator about jobs. monsanto will be before the bell. amazon may unveil a tv viewing device today. microsoft is kicking off its annual developers conference. >> we will talk about that in this hour. let's do a new data check. -- 1881 on the s&p. the euro, 1.38. nymex crude, still at 100. the vix, stunning number. 13.10. to see it under 13 to a 12 signals bull market. castorno idea why i put seed of future in there. i did not know there were castor seed futures. >> you are looking at the drop in commodities. >> i am getting in shape f

i'm tom keene. to our guest host, kevin roberts .ve officer of saatchi & saatchi. struggling in is each and every way. the light has been snuffed out by the recalls. mr. roberts has seen all this before. gm is decidedly not toyota. what a mess. saatchi & saatchi. shoots in. what do you do? >> reach out a simple piece of advice. when you have a problem, fix it. months and come she's taking control and leadership. she stood up and said, hey, we got this wrong. if this is what we did wrong and this is what we are going to do and we are on our way. >> ken feinberg distributes checks out. that has to be taken as a positive. the real question is, does gm look back to their past or do guys like you say, no, look forward? .> it's a combination you have the legacy and the path. they have built loyalty and good cars. over the last 40 years come a , 2 or 3. what are you going to do now to fix this problem? what are we going to do now to bring back quality and reliability? >> use digital media a constructive tool for companies in trouble? >> it'

breaking news, exclusive from tom keene. permit after "game of thrones" was "silicon of tech that makes fun culture. created by mike judge best known for evason butthead an "office space." but it is not an easy sell. look at what mike judge had to say. >> it is hard to really root for somebody who is a billionaire. it is hard to make them a main character. especially this show, which is so aspirational and bad news bears. these guys who have nothing who are trying to break in. woefully people hook into that and root for that. got a billion dollars it is kind of hard to sit at home saying, i hope this guy find happiness. he's got a billion dollars. he can go buy it. i think it is harder to kind of root for those guys. >> it is fun to write for the billionaire. they are so crazy. >> not so. >> are the billionaires the heroes of the villains of the show? what's hard to say. emily chang of "bloomberg west" to actually watch it, they got an advance preview. they said it actually get that right. >> it rings true. >> the guy did be

i am tom keene. from our washington news bureau. with me, peter cook him our chief washington correspondent. scarlet fu and adam johnson are in new york. it is time for our morning must listen with peter cook. here is a little bit of my conversation yesterday with christine lagarde of the imf. >> i would hope, tom, that before the end of the calendar year, we complete the reform of the imf, which means look that we make it more credible, better resourced, and capable of jumping on urgent issues, like ukraine, for instance, with adequate financing. >> and there is lagarde very much on top of her game. hugely popular worldwide and in washington. peter cook, if lagarde is so popular, why is the imf so unloved by republicans? >> because it is an international institution that at least in the view of a lot of people on capitol hill has taxpayer money at risk and eight at not want to risk a lot of taxpayer money right now. it is hard to win support for international institutions right now in this congress, from republicans in particular,

i'm tom keene. joining me from our world headquarters. scarlet fu and adam johnson, let's get right to the morning brief in new york city. here's adam johnson. adam? >> tom, overnight, here's what happened. china trade falls unexpectedly. imports were down 11.3%. the government says it will initiate more growth policies. meanwhile, in europe, the bank of england expected to keep rates at a record low, half a percent. we're going to get the official announcement in about an hour, 7:00 this morning. and here in the u.s., we're going to get weekly jobless claims, as well as import prices, both at 8:30. we've got earnings before the bell. family dollar and rite aid, allied financial, the former gmac, begins trading today. this was the former arm of general motors acceptance corp. finally, a judge is accepted to rule on the we terrible settlement plea, also we should point out the masters tournament begins today in augusta, scarlet fu. >> let's get straight to the front page. we've looked through all the web sites and the front pages of newspap

i am tom keene.ith me is adam johnson and cristina alesci. chicken. >> why not? farmers can produce chickens five times faster than beef and at half the cost. those are gorgeous chickens. it is why burger king and kfc introducing new chicken sandwiches. i kfc? >> the double down. to chicken patties. >> how important are basic issues like food inflation for working families when you talk to ivory tower economist of the fed? >> inflation is inflation orther it is up the core food and energy. agricultural prices move mostly because of supply. mostly because there is a background that can affect livestock. usually not because of some overarching monetary policy stimulus. it is not that sort of ink. i think it is important in the sense that you can harm her to sing power. people should not go out and say deflation is eating us alive. >> we have had the fastest growth in consumer food cost since 2011. that is not concerning? >> these are numbers that move around a bit. if you look at head find -- headline

i'm tom keene.with me, adam johnson alix steel. grow the food is off this week. forget about bank earnings but let's talk about a real company that makes something tangible and valuable. >> i have not drank a coke since college. what about you guys? what r -- >> rarely. >> basically americans are drinking less soda. concerns about obesity and also sugar intake and calories. u.s. consumption for soft drinks is down 5% since 2000 and eight and diet soda consumption has fallen nearly 12%. this is a major headwind when coke report earnings today. it gets about 70% of the global sales volume from carbonated drinks and cocoa really targets 12 to 17-year-olds, pretty sad and brutal, and that is where we see the fallout. >> what does the sell side say? talk and not enough action. >> interesting you say that because coke has almost 50% of market share and carbonated drinks and analysts are actually pretty positive on the stock. wells fargo in particular saying investors are just a little bit too negative rig

i'm tom keene. joining me, scarlet fu and adam johnson on a busy day after a trillion dollars of deals. our morning brief. in the u.k., economic growth accelerating in the first quarter. signs the recovery is broadening. 0.8% -- i know it does not sound like a lot. but if you deal in europe. at 9:00, the case schiller home price index. our home prices moving up? 10:00, we get consumer confidence. how do we feel about things? earnings before the bell -- we've got a bunch. coach, forest labs, merck, twitter, ebay. at 2:00 today we will hear from the nba. adam silver will talk about his findings on the alleged comments from the la clippers owner. merck'sonder if earnings will be different with the pharmaceutical frenzy. >> and four slabs being bought by activists and yesterday it turns around and says it will do its own deal in addition to that. -- forest labs being bought by activist. >> and twitter different from what we saw from facebook? what may be. at the end of the day it is about monetization.

i am tom keene.ith mia scarlet fu and adam johnson. >> you get more sleep than my kids do. >> i have to go to bed early to get up early to do this job. >> good news for tv binger's. moren has highlighted videos for amazon prime video. they have renewed a second season of all the house, one of the first pilots it launched last year. inspired bycomedy chuck schumer. living together with colleagues in washington, d.c. amazon did not review you were data but user feedback was fairly positive. that was one of the deciding factors in whether amazon would pick up the series. ken senna covers amazon. the strength here is it is consumer data. they know more about what we watch, what we buy and what we're thinking of buying than anyone else. there is the near term opportunity in terms of amazon having a lot of data as far as what media we like and being able to use huger consumption or current consumption around shows they are producing to produce more shows but after tremendous amount of consumer data in term

i am tom keene. -- technology.d to talking with william janeway and brad delong will join us as well. we are looking at bank of america. let's go to adam johnson. it looks like bank of america lost a penny. they were supposed to make $.27. i want to make sure we are comparing apples to apples. this would be an interesting result. net charge-offs, 1.4%. at negation cost $6 billion -- litigation costs, $6 billion. not look like jpmorgan, wells fargo, citigroup. this is a train wreck. stock up orense of down, it is just a mess. nonperforming loans, $17.7 billion. citi is trying to unwind the bad thing. have 17.7 billion in bad loans at bank of america. 35 is the number you want to look at. apples to apples. the forecast was $.27. already five is the adjusted after you adjust for all of these other -- >> the distinction, for those not familiar with the distinctions, they each have their own challenges. they each have their own story. rights -- right tes one third of the loans of this country. bank of america is more do

i'm tom keene. scarlet fu and adam johnson. we will get right to a busy day and a busy week. here's adam johnson. >> german unemployment falls for a fifth month as the economy stance. bank of japan refrains from expanding monetary stimulus. its board members forecast that the pace of inflation will quicken in each of the next two financial years to reach its two percent target. we get the mortgage applications at 8:15. the implement change at 8:30. gdp and personal consumption. 9:45, chicago index. we havehe bell, earnings from time warner and after the bell, earnings from yelp. >> we will keep our eye on those results. general electric making an offer or what would be its biggest acquisition ever. ge is willing to pay $17 billion for the energy business. it makes power equipment and trains.ed they will make an offer for pending access to financial information. a big computer error over at the intercontinentalexchange group, two options u.s. exchanges. that almost 20,000 erroneous trades that were c

i am tom keene.ouse of cards on netflix is about to get a lot more expensive. >> i am watching something less bloody, and name of the rooms. >> charging new customers one dollars to two dollars per month more because of online numbers. sales numbers beat estimates. jon erlichman is here with us to discuss this. netflix has learned pretty hard lessons about price increases. this time it has done things a little bit differently, dipping the toe in the water slowly. >> you know what is different this time around the gecko house of cards. they have original shows. they understand that netflix is home to their own stuff, stuff you would find on a cable channel that you like or their hbo game of thrones. so they can say we are going to raise prices to ensure the continued to make the kinds of shows you have come to like. they were not in that decision the last time they toyed with pricing. by frankly, everyone always thought they would have to do this anyway. they have billions and billions worth of obliga

i'm scarlet fu here with tom keene and adam johnson.gel could be headed back to crimea. he spoke with peter cook on his way to asia. take a listen. >> did the obama administration misjudge vladimir putin and the challenge by russians going forward? >> i don't think anybody misjudged vladimir putin. let's go back to 2008 when putin invaded georgia. approach thatnew he has taken. what you always have to do is you have to always be prepared for any contingencies, any possibilities. i don't think it was a matter of n.sjudging puti what his intentions were, why he did what he did. we still don't understand fully. the point of responsible governance is to have strong options and capabilities and be prepared for any contingencies. it's a dangerous world out there. a very unpredictable world. inyou're having to negotiate an environment of dwindling defense dollars? is the situation in ukraine leading you to reassess the budget you just submitted? would you do things differently now? >> the number i presented in the president's budget was not my

i am tom keene. joining me is adam johnson and scarlet fu. >> china announced a new 24 billion dollar railroad expansion aimed at creating jobs. in europe, the service sector productivity holds near a three-year high. the ecb will announce a rate at 7:45. at7:4 pimco investors withdrew more money from the flagship on fund. total up the $2 million has come out year to date. weekly jobless claims. u.s. trade flows followed by i sm nonmanufacturing. i croak on -- micron announcing earnings after the bell. announce earnings tomorrow. there is a little bit to talk about. >> just a little bit. world's largest bond fund. >> stocks, bonds, currencies and commodities. i almost did not do it at least -- a second screen. will join us later on the importance of the press conference. equities do better than good. we will talk about that in a moment. i would also look at the cr be indexed. -- crb index. what has not moved, the two year zero .45%. here is the equity markets. up we go. one of the great themes here i

"surveillance" is coming up next. >> tom keene and his team.e a great afternoon, everyone. ♪ >> this is "bloomberg surveillance." >> facebook and twitter lose momentum. attempt toparties triangulate malaysia heirs position on the floor of the indian ocean. bitcoin acolytes will hold a conference this week. this is the value of bitcoin to them. good morning, everyone. this is "bloomberg surveillance." it is monday, april 7. i am tom keene. joining me, as always, scarlet fu is with us. she survived game of thrones. adam johnson is with us. i, too, survived the game of thrones. here we are, overnight we have the german industrial production rising for a fourth month in a row. this is a sign that growth in europe's largest economy is continuing to accelerate. we'll see what the imf has to say about that later this week. economic data in the u.s., we have consumer credit, that is it . first-quarter earnings kickoff tomorrow. we have jpmorgan later in the week. what everyone is talking about, ncaa finals.

i am tom keene. with me, scarlet fu and adam johnson.he president speaking in seoul, korea. >> we're keeping an eye on amazon this morning. the shares are down 1.5%. the theme seems to be spent and you shall receive. nothing to become a's business model. sales rose 20% but their expenses increased by even more, limiting earnings per share to about half of what it was a year before. anthony joins us now by phone, and victor, there seems to be this idea that amazon is spending money as fast as they can make it. shipping cost grew 31%, which was faster than what revenue increase, how much longer can amazon keep us going before investors throw their hands up and say enough? >> you had accelerated revenue growth, which topped our expectations you had gross margins, which expanded for the 10th consecutive quarter, however, as you noted, this was a heavy investment quarter. they called on china specifically. seeuge opportunity -- they huge opportunity there. they are also investing heavily in cloud services business, so as a result, the margin

i am tom keene. scarlet fu and adam johnson with me as well.m has a busy morning. >> china's manufacturing segment struggling. factory activity increased just slightly. indicating contraction. different story in the euro where manufacturing and services expanded faster than forecast. almost a4 in april, full point better than estimates and close to a three-year high. any time you see the number of 50, that is expansion and below 50 is contraction. any faction and services in germany showed growth. manufacturing and services in germany showed growth. ols becomes the 26 major leaguer to hit 500 home runs. the washingtonites stood up and gave him a chair. it was classy. >> earlier in the game, pujols hit 499. use the third youngest player to reach the 500 milestone. >> "60 minutes" did a story on his great charitable efforts. >> did you see what happened last night at fenway? "yanksdline is great, edition torment." they all did very well. >> i will start sweating may 1. >> tom friedman writing today in "the new york times" -- in other words, we kn

i'm tom keene. alex insists that we speak commodities.nd find breaking news just to justify. she has company news this morning. >> it is taking websites hit hard by securities. to websites scramble to patch your systems. many us to rent -- many underestimated the time and cost to restore user data. aboutonves as was paid $57 million last year. eight percent higher than 2012. cbs is the most watched network in the u.s.. amazon may release a smart phone in the second half of the year, this according to the "wall street journal." user could see three-dimensional images without special glasses. this is from the files of bloomberg west. here is what we can tell you. a 61% premium. glencore was in the news over selling its peruvian mine for 5.48 billion dollars. this is the sort of glencore xstrata rebalancing. >> from your view from 35,000 feet, due mining companies have the ability to cut costs? >> not anymore. there's not more to cut. there's only so much you can do unless metal prices wind up recovering. >> look at this. it is in chat. >> w

i am tom keene. joining me scarlet fu and adam johnson, who bought apple shares at $1.06 20 years ago. he has our morning review. mom bought you apple shares? >> don't own them anymore. >> what a day. in the years of my career come i've never seen this. absolutely amazing. >> you, tom keene, maybe the best comment i have heard about apple. what is in call -- context for us again. billion in 19 months, they delivered a ford motor company back to shareholders. >> incredible. they took the entire market cap before the year -- >> returned the cash. let's get to a morning break. busy day. >> overnight, german business confidence unexpectedly rose in april signaling optimism. spanish growth, imagine that. spain and growth in the same sentence. accelerating in the first quarter. the prime minister called the ecb to report a recovery. back in the u.s., 8:30, we will get durable goods orders and initial jobless claims. 9:45 we get the bloomberg consumer comfort index. 11:00, kansas city fed manufacturing inde

i am tom keene.me adam johnson and olivia sterns will sub scarlet fu is off. >> she has that two weeks. a lot of of time -- >> she is doing a grand tour. let me do a grand tour of a data check. futures -5, euro elevated $1.38 59. russian ruble changes, nymex crude back above $104.15. here is olivia sterns with our gainers and our loser. >> let's start with yahoo! shares up 6.5%, biggest gain since july. it is alibaba. salesday they pose a 66% surge, last quarter of 2013 joy and exhilaration of growth ahead of a potential u.s. ipo. the results helped shares of yahoo!, which owns about 24% of company.se e-commerce they also reported its first sales growth in more than a year. the question we keep asking is -- how much is the bet on yahoo! really a bet on alibaba? moelis and co. going up after raising less than landed in its first ipo as an investment bank. >> adam, let's get right to general electric. >> general electric out with earnings, they beat the estimate by a penny. read three cents is the numb

adamscarlet fu, with johnson and tom keene.big chunk of its operations from southern california to texas. toyota has been trying to reduce costs in its u.s. sales unit. rick perry has been trying to lure business away from southern california. the big general motors recall over a faulty ignition switch may doom the antiquated car key. the company may make the pushbutton start standard in all its vehicles. now an option and almost three fourths of all cars and trucks in the u.s.. and a sonic, advertising profits below estimates, japanese consumers are not expected to buy as many panasonic itronix devices because of the sales hike up that went into effect in april. >> very good, scarlet. of course, the president is on asia,fth tour of announcing this morning that the united states will impose new sanctions on people, companies, plus vladimir putin. phil mattingly is traveling with the president and joins us from manila. the president will fly back. is he going to fly back and look at this as a successful trip? >> the way they are

i am tom keene.and adam johnson, who bought apple shares at $1.06 20 years ago. he has our morning review. mom bought you apple shares? >> don't own them anymore. >> what a day. in the years of my career come i've never seen this. absolutely amazing. >> you, tom keene, maybe the best comment i have heard about apple. what is in call -- context for us again. billion in 19 months, they delivered a ford motor company back to shareholders. >> incredible. they

up in 35 minutes, "surveillance" tom keene.cote on the ground in geneva following your secretary of state very closely. >> of course this, francine, after, i guess i call aid civil war overnight. it was amazing to see francine out on twitter the reporters reporting from eastern ukraine and around that, the different tweets from the propaganda side of those from kiev in support of kiev and those in support of the pro russians. richard haas will join us, the former ambassador, president of council of foreign relations. we'll talk about where we go through the weekend and particularly in geneva and then we turn to the banking business hours. we'll touch on high frequency trading as well. >> looking forward to your conversation on high frequently trading. very quietly, the european union has put steps in place to deal with it here in europe following that michael lewis book. >> what has changed is finally the government is getting involved. we see that with six subpoenas by the attorney general of new york state. i believe we saw t

forward to tom keene taking over shortly with surveillance.e onntime, an what european markets are doing. >> the politics are beginning to play into the nerves of these equity markets. we are down a third day in a row. the story is beginning to make robustlynce much more felt across the market. to be the driver. you saw jpmorgan disappointed. the mortgage lending numbers in the united states of america have had a much more telling story. it down a quarter of one percent. you are looking at one of the worst weeks in the last few years. we want to get back into the u.k.. one thing that comes through is the reflection of the nature of some of the stocks that are on the move. and was upwas up nearly 90% up in 2012. 68% -- barrett was up 68%. equity futures lower in the u.s.. the british pound coming a little lower. one of the themes i come back from the discussions with ubs as you will see a higher dollar. that will play into draghi's efforts to reinflate. >> manus cranny. coming up, cashing in on cosmetics. beautyat l'oreal's playbook. that story

. >> tom keene throwing his shoes at peter cook. the next name in the news, bond king bill gross has enjoyed several decades in the limelight as one of the best-known bond investors in the business. he founded and still runs pimco, home of the world's largest bond fund, nearly $2 trillion in assets. that money comes from pensions, endowments, pretty much anyone with a retirement account. recall in january when bill's bond kingdom was shaken when pimco's ceo mohamed el-erian left the company. here is mr. gross a few weeks after that. >> were we disappointed when he left? yes, we were. he will be here until march. mohamed came back, not only the heir apparent, but the future ceo. i thought i had done my job but obviously not. >> this is bill gross yesterday. >> extremely disappointed. i thought i knew him better. we hired him to be my successor. does it make me mad? yes, that makes me mad. does that make me disillusioned, not really. i would simply say, come on, mohamed, tell us why. the furor over the past two months in terms of the

tom keene will be speaking with her in a few minutes. and ally financial raise more than $2 billion for the ipo. i will be speaking with the ceo, michael carpenter later on this hour. "ou are watching "market makers on bloomberg television, streaming on your mobile device and on tv and on apple tv and fire tv. ♪ >> live from bloomberg headquarters in new york, this with erik makers" schatzker and stephanie ruhle. >> you are watching "market makers" on bloomberg television, i am erik schatzker. the u.s. recession is in the rearview mirror, and europe and even japan is taking measures, you could say that the developing world is getting its act together. but the emerging markets are newly vulnerable, that is what they are talking about, in washington this week. this is where we find our own tom keene. tom, talk to me about the mood in washington. what have you started to hear since you landed yesterday? always, interesting, as at the world bank meetings and we will talk about the spring meeting, with us right now is the president of the wor

only five minutes from now, "surveillance" with tom keene. what are we looking at? quiet.ly remarkable to look at equities, bonds, currencies, and commodities. maybe there is an exception with enminbinese room i weaker. quiet worldwide. talking about the quiet in the , robert joins us from sandra o'neill. andt the state of banking linking it to the american economy. jeffrey rosenberg from blackrock about equities and bonds. what do you do when it is quiet? something weis have been exploring. we have huge pharmaceutical deals in europe so it's a little less quiet. you have to ask yourself whether the quietness is justified. blinkersrkets are in where they don't talk about russia and ukraine because they are focusing on central banks, two weeks down the line we might be in trouble. >> we will look at the pharmaceutical deals. a lot of transactions going on within the quiet. it is all linked back to the central banks. some seems to be the idea of very cheap money. explain the novartis deal. in threellion expected deals. they are streamlining and going after what they said the

and imf director christine lagarde sits down with tom keene.does the madame director have such a soft spot for the u.s.? that is coming up in world. and speaking of, in north korea, a rally to mark the reelection of kim jong-un. he won a predetermined election where no other candidates ran. here is a look at their victory rally. ♪ >> gm has placed two engineers on the with their role connected to the recall involved in 13 deaths. engineer one, gary aldman. according to documents, he rejected a fix because it was too expensive and would take too long. engineer number two, ray digorgio, he quietly greenlighted a switch improvement that others did not learn about for six years after columnists and customers complained. last year a rate he denied under oath that he knew that part had been changed. both gm and toyota have had negative press recently with all these auto recalls. millions. toyota is trying to convince lawmakers that its cars at least are good for constituents. how is it doing it? it is taking members of congress for a test drive in th

is up next with tom keene and his team. >> you can follow us on twitter.of the we will see you on wednesday. ♪ >> this is "bloomberg surveillance." orchestrating detainees protested eastern ukraine, according to kiev. the imf and brussels watch from a distance. earnings season begins with alcoa. tobias love goodrich -- tobias levkovitch joins us. connecticut holds off kentucky. this is "bloomberg surveillance ." live the from world headquarters in new york, it is tuesday, april 8. i'm tom keene. joining me, scarlet fu. he darkens the door -- way too early for erik schatzker. he joins us this morning. i stayed up and i watched a little bit of basketball. >> four games, three games left in the nfl -- nhl season. of canada's seven nhl teams made the playoffs. the worst in 41 years. >> because of that, we have bkovitch. >>

she spoke to greenberg's tom keene -- to bloomberg's tom keene. >> i would hope that that the end ofs calendar year we would see the reform of the imf. we would make it more credible, ofter resourced and capable jumping on urgent issues like ukraine, for instance, with adequate financing. >> u.k. chancellor george osborne is also in washington. he will renews commitment to fiscal austerity. give a speech today to say that britain's biggest budget increase since world war ii economy stronger, not weaker. let's turn now to u.s. banks. first-quarter earnings season gets underway today for the biggest lenders. some key themes in play. lower trading, increased regulation and legal woes. managing director at iu our capitol. thank you for coming to talk to us now. the earlier season from the u.s. bank might -- from u.s. banks might be a bit dull. what is going to catch us off guard? >> first quarter bank earnings are generally not the most exciting thing for investors. with jpmorgan starting earnings today, we're looking for margins as lucy mentioned, looking for margins to continue to be u

"surveillance" is next with tom keene and his team.aking ackman and warren buffett. ♪ >> the global factory confront economic weakness. china considers growth on a downtrend. what is the quality of growth at apple and facebook? they report after the bell. yogaet, step up to luxury stuff. good morning, this is "bloomberg surveillance." is wednesday, april 23. i am tom keene. joining me is the well-dressed scarlet fu and adam johnson joins us as well. did you survive your birthday? >> i did. we were out incredibly late last night, 9:15. for those of us that get up early, that is late. >> it's not like you can get up at 10:00 and wander in at noon. here we go. a mixed picture of economic data. signalingi was 48.3, economic weakness persists. it helped set the yeuan

i am tom keene. this matters now.host, liz ann, she has kept charles schwab slot -- charles schwab clients out of stocks and financial cash. what matters? the key for the economy and the markets, will perforations simply invest? everybody says that this is the key thing here. >> it is. first of all, in nominal terms, is past its prior high, but the growth rate has been slow. when you look between the spread of age and stock, it is extremely wide. across the spectrum, manufacturing plants, structures, software, you are at or near all-time highs. we know the catchword is there, we are starting to see an increase in ceo confidence at the small company level with -- with lending picking up. the leading indicators suggest we will see a pickup. >> is the goods producing simply going abroad? emerson electric is a wonderful company. are they doing it in malaysia? again, guessing. versus the united states? >> to some degree, but i actually think the trend is in the other direction. when you look at the total landed cost cap --

i am tom keene.on and scarlet fu. >> china announced a new 24 billion dollar railroad expansion aimed at creating jobs. in europe, the service sector productivity holds near a three-year high. the ecb will announce a rate at 7:45. at7:4 pimco investors withdrew more money from the flagship on fund. total up the $2 million has come out year to date. weekly jobless claims. u.s. trade flows

tom keene joins us from new york with a preview. >> we have some wonderful guests.ll join us. -- michael holland will join us. liz and saunders, as well. some of the highfliers are coming back to earth and the blue-chip stocks doing better than good. we will also look at the medicare debate. senator grassley will join us, the senator from iowa. we will join us -- talk about any number of things going on in washington. the percolation about how doctors are being compensated on medicare. >> i brushed up on the movements of baby george, the royal baby george. i know you like to know his whereabouts. thiswas briefed on this morning. do you see the distance that she is holding a be george so as not to get baby george on the missoni, whatever the beautiful dress is? she has the baby of a strategic distance. >> she has nailed it. maybe george looks quite regal. he is checking them out. this is a king in the making. think they will sell a few of those outfits this morning, no question about that. really, really cool. i don't know how new zealand likes it, but it is wonderfu

tom keene of "bloomberg surveillance." >> we do not do selfies in radio. >> that was a selfie to endfies. 4 appears playstation to be a winner. the company has sold 7 million of the game consoles. that beats microsoft's rival xbox one about 4.2 million xboxes have been sold. raised 280 $6 million in its ipo pricing shares at the low-end of the market range. chineseined seven other companies who have filed for ipo's in the u.s. this year. and it is the make or break case in the supreme court next week was a justice samuel alito had originally recused himself. now the court says he will be hearing that case. i will be live outside the high court throughout the day and will bring you an exclusive interview with aereo ceo chet cankanojia. that is at 8:00 a.m. eastern time on tuesday. staying intact, google is have a it harder to search to mobile. it had an increase in ads sold but drop in pricing. the quarter ton more than $11 billion as google has been on this and pursuing some of these moon shots. bloomberg's julie hyman joins us with more. what is the issue with mobile? >> it is a ver

does tom keene say that carl is the adult in the room?er] number four, logitech, down seven percent. they reported their first sales growth in 11 years. >> number three is general electric, up slightly. the company is said to be in talks to purchase a french builder of power plants and transmission gears. is according to a person with knowledge of the matter. fortunately for us. couldntial transaction top $13 billion in an agreement announced may be as early as next week. 4g, it is actually a big deal. it is a lot of money. it -- for ge, it is actually a big deal. it is a lot of money. caterpillar. caterpillar eliminated seven percent of its workforce in the past year because of a mining strike. and here we are with the bell. >> our number one stock of the day, amazon up three percent ahead of analyst estimates. we will have all of their earnings for you in just a couple of minutes. close, it seems like we are ending the day pretty much flat there. get to someo breaking news right now. >> this is bank of america. and it happens with more

tom keene with the latest on what is coming up on "surveillance."king news out of seoul. >> president obama is currently speaking in seoul, next to his counterpart, president park. he is talking about ukraine now. let's have a quick listen in. >> the destabilizing activities that are taking place to the south and east. both the europeans and the united states have been consistent in calibrating sanctions that could provide a deterrent to the russians, providing support to the ukrainians, leaving open a path for resolving this problem diplomatically. now, as i said yesterday, what we have seen since the geneva agreement is the ukrainian government has been carrying out the terms of that agreement. it has introduced legislation providing amnesty to those that would lay down arms and exit from these government buildings that have been occupied. foras put forward a process constitutional reform that ensures the rights of all ukrainians. it is a credible document. it is one that has been presented to the council of input and is getting throughout ukraine

i am tom keene joined with scarlet fu and adam johnson. a busy morning. positive signals in europe.. mercedes just had it's best month ever. tom, by notice three mercedes for the kids. dobbs day. economist predict unemployment will fall to the lowest level since october 2008. earnings, carmax and captain hit theatersl today. i never saw the first one, but i'm told i need to get caught up. numade some crazy

that is it for "the pulse," is next.ance" live from new york with tom keene.. ♪ >> at this hour, kiev conference -- confronts pro-russian ukrainians and nato confronts ghosts from the past. what you need, another provider of online video. good morning, everyone. this is "bloomberg surveillance ." we are live from world headquarters in new york. wednesday, april 16. i'm john keane. joining me -- he did not move to the cayman islands on tax day -- adam johnson, and also olivia sterns. scarlet fu is off this week. we need a morning brief. >> a little bit of good and a little bit of bad. overnight in the u.k. we found that unemployment came down to 6.9%, actually below the bank of england's seven percent threshold. certainly good news, right? in china, a very different situation. the lowesto 7.4% since 2009. the bad obviously.

economic conditions with tom keene. the congressional budget office, congress's non-budget scorekeeper, has reviewed the obama 2015 budget and the results are in. yang yang is in washington with the details. no major surprises in this latest cbo scorecard. budget request's would boost tax revenues and in turn cut deficits. if enacted, taxes over the next decade would increase by nearly $1.4 trillion and deficits would be cut a little over one dollar trillion. that is -- over $1 trillion. when you look at the baseline and the residents plan side-by-side, you see the deficit as a percentage of gdp would actually be higher over a three-your period under the obama budget and then lower for years 2017 to 2024, staying close to 3% compared to the baseline 4%. so the president's plan has that going for it. it cuts the deficit by $1 trillion over 10 years but it would only keep with current deficit trends. >> the white house came out with its own projections when it was released last month. how does that stack up with the cbo?

i am tom keene. joining me is scarlet fu and adam johnson. >> japanese retail sales are up 6.3%. that is. they are up in the tax rate to pay down the deficit. people were doing some buying before they had to pay higher taxes. in the u.s., we have some economic data. we have home sales at 10:00. we had a weaker home sales data last week.

michael will be telling us about it along with tom keene on the radio on "surveillance" tomorrow morning. defense secretary chuck hagel is in hawaii today. he is on his way to asia to meet with some of his asian counterparts in honolulu before heading to japan, china, and mongolia. but the shooting tragedy last night in fort hood in texas and the crisis in ukraine are following secretary hagel on his journey. steve washington -- chief washington correspondent peter cook is traveling with the secretary and he joins me now by phone. is this triple about the so-called pivot to asia? >> aloha, mark. for sure, that is what this trip is supposed to be about. kerry hagel is making his fourth trip to asia with this trip. as you said, his meeting with his asian counterparts, showing off some u.s. military hardware and talking about areas where the u.s. and these countries can partner up. military assistance, disaster assistance come even in malaysia with the search for the malaysian plane. the administration is refocusing resourcesefforts and and the military towards the pacific region given its

i'm tom keene. joining me from our world headquarters. hnson, let's get right to the morning brief in new york city. here's adam johnson. adam? >> tom, overnight, here's what happened. china trade falls unexpectedly. imports were down 11.3%. the government says it will initiate more growth policies. meanwhile, in europe, the bank of england expected to keep rates at a record low, half a percent. we're going to get the official announcement in about an hour, 7:00 this morning. and here in the u.s., we're going to get weekly jobless claims, as well as import prices, both at 8:30. we've got earnings before the bell. family dollar and rite aid, allied financial, the former gmac, begins trading today.

tom keene is with us. the nato secretary-general is on his feet right now.ng is eastern ukraine. you will focus on this. >> we will focus on it through the morning. there is a steady stream of the policy. what i am watching is the markets. some of them are stable. russian yields are further elevated. then get your attention. we will be watching that had buying -- headline by headline. it is tax day in the united states. a man thrilled to bring formerly of the management budget office. he was with the brookings institution. him to give perspectives on tax policy in the united states. feel aboutamericans tax day? is it a day of celebration? question.n important there is an ambivalence about it. americans as you know are hardwired to pay less tax. everyms like ever more year, we pay more tax. that is part of the dead weight. we take pride in our tax system. it causes us a lot of angst as well. it is the one year anniversary of the boston marathon. adam johnson has a terrific two-minute segment about a company trying to stop the next boston marathon. we will tou

. >> then you have areata huffington, who was on tom keene's show.ve," the book business is doing well. sallie krawcheck and jessica pliska as well of opportunity network, honoring sallie tonight. thank you for joining me. back in two minutes. ♪ >> it is time for today's gate how many94,213 -- tweets the top character in "game of thrones" saw. he beat everybody else by at least 100,000 tweets. so many viewers tuned in to watch the show on hbo so that the site crash for a second time in less than a month, prompting hbo to release a tweet of its own. they have got some work cut out for them. in washington, the 2014 and why kickedaign sessions have into high gear. phil mattingly will be doing feature stories in "power." : behind the scenes into -- goi ng behind the scenes into the leader of the elections. we go inside the republican party headquarters and look at the rnc's digital operation. post election headlines told the story of obama's tech victory. republican officials and donors wasted little time demanding the resources and talent to match democ

tom keene will be interviewing her on thursday. she did create waves with the call to ease. willing to back that up. >> we will be watching for that. i am sure tom will put her feet to the fire. up,his topic, coming "market makers" will be talking and whya blanche art the economy is pulling the rest of the world along. mgm studios ceo harry sloan is going to be from disruptive technology to how movie studios are creating content for the online digital landscape. 8:00 a.m.morrow at eastern time. "on the markets" is next." thet is 56 minutes past hour. we are on the markets. i am scarlet fu. is how financial markets are trading. the s&p 500 index extending the three-day slide. down for a fourth day. it went negative for the year yesterday. you have producers of raw materials rising before alcoa reports later this afternoon. is some interest in emerging-market currency. higher-yielding assets. you see some pressure on the dollar as a result. gold is moving higher. 1309 right now. that is almost a two-week high right now. pick your poison. trading too fast or trading to slow. ae

i'm tom keene.rlet fu and adam johnson on a busy day after a trillion dollars of deals. our morning brief. in the u.k., economic growth accelerating in the first quarter. signs the recovery is broadening. 0.8% -- i know it does not sound like a lot. but if you deal in europe. at 9:00, the case schiller home price index. our home prices moving up? 10:00, we get consumer confidence. how do we feel about things? earnings before the bell -- we've got a bunch. coach, forest labs, merck, twitter, ebay. at 2:00

"s n 30 minutes, it is "surveillance" with tom keene. >> a mix of news in new york. s&p 500. michael purvis will join us. he has been able. -- a bull. ofwill focus on the linkage three days of economic data and what it means for a market that has a certain character, a certain feel to it. we will look at microsoft and the developers conference. we are going to speak to -- at microsoft. he worked there for about 10 to 15 years. it is a competition of the bowties, tom. we have a guest that has shown up with a very nice bowtie. he looks great. >> it is good. it is a microsoft kind of thing. we will figure out how they're going to compete with iphone and apple. it is about mr. and adele and the idea of ok, now what. nadella andut satya the idea of ok, now what? it is very cool. --it depends >> spreadsheets, yeah? >> my first spreadsheet was my inventory of bowties. to speak to man about microsoft than a guy that has been working there about 15 years. tom, thank you so much. >> i am reeling from the fact that we are talking about bowties and spreadsheets at the same time.

the final day of april, i am tom keene. joining me is scarlet fu at adam johnson. a busy day.th our morning brief. >> overnight, german unemployment falls for a fifth month as the economy expands. good news. the bank of japan refrains from expanding stimulus as board members forecast that the pace of inflation will quake and in each of the next two financial years. they will ultimately reach 2%. a slew of economic data. >> a seattle slew! >> listen up. 7:00, mortgage applications. a: 15, adp employment, a: 30, personal consumption and gdp. 9:45, chicago pmi,