kailey: it is not. they have lost about half their value, and most of that is due to changes in the u.k. in regard to betting terminals. they've capped the maximum bet pounds as opposed to 100 pounds on those fixed term bets, forcing gamblers online rather than these betting terminals, enclosed an estimated -- and closed an estimated 3500 betting terminals and shops. william hill has 34% market share here, and spending in the u.s. is really booming, but nonetheless, it is set to be a $60 billion industry this year, although it was a different case this weekend with that tiger win. vonnie: on the other side, nike , and tailor-made got taken over by private equity. always a great label. we will talk more about tiger later. that's for sure. that is bloomberg's kailey leinz. aboutajors are down by 1/4 apiece, the nasdaq down about half 1%. this is bloomberg. ♪ ♪ guy: 30 minutes left in the european trading day. from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european c

kailey: thank you. vonnie: a very busy day in washington as well with house lawmakers holding separate budget hearings with william barr and steve mnuchin. following it is all live from capitol hill. in actual fact, both mnuchin and barr are getting questioned about separate subjects. let's begin with william barr and the robert mueller report. what has he suggested to the committee so far? kevin: just behind me, william barr saying he is fully prepared to release the robert mueller investigation within a week. his works "within a week." what we do not know is precisely what will be redacted from the 400 page report, not including appendices or indexes or precisely who will be able to obtain it first at the public release of that. no question, attorney general barr facing these types of questions as a separate congressional subcommittee yesterday urging special counsel robert mueller to testify publicly before congress as well. that was going on right behind me inside of this congressional hearing room.

here is kailey leinz. mark: high drama -- kailey: high drama in venezuela. opposition leader juan guaido is calling for military uprising and the trump administration says it supports the people. a video shows juan guaido surrounded by troops where he proclaims the end to nicolas maduro's regime. venezuela's socialist party responded by calling on government supporters to defend maduro. negotiators are back in beijing to try to wrap up in agreement. steve mnuchin says he is looking forward to having productive discussions. he would not comment on specific issues. next week, china's vice premier will lead a trade delegation to the u.s.. china's huawei technology has that it has helped beijing spy on phone networks in the west. plaza been found in huawei of equipment going back to 2009 that could have been given access to the carrier's network in italy. the company says the issues will result but the revolution -- the revelation may damage the companies expectations. warren buffett's berkshire hathaway has committed to invest $10 billion in berkshire hathaway

here's kailey leinz. kailey: the trump administration wants to wrap up a trade deal with china by next month. a high-level u.s. delegation goes to beijing next week for talks. negotiations returned to washington may 8. washington officials hope to announce then they have a draft agreement. there are still a number of issues on the table such as intellectual property, forced knology transfer, and how i deal would be enforced -- forced technology transfer, and how a deal would be enforced. president trump tells "the washington post" he's opposed to former and current washington officials taking part in congressional investigations, saying they are not necessary after the mueller report. lanka, the death tolls from the easter sunday bombings have risen to 359. the country's president had asked for the resignation of the defense secretary and national police chief that failed to act on warnings about the attack. north korean leader kim jong-un has arrived in russia for talks on his nuclear program with vladim

here's kailey leinz. kailey: a lightning rod for criticism over immigration policy is leaving the trump administration. bloomberg has learned homeland security secretary kirstjen nielsen has been asked to resign. people familiar with the president say he wants a strong law-enforcement type figure in charge of the department, frustrated that the border control issue is being solved faster. british prime minister theresa may has lined up meetings tomorrow with the leaders of germany and france. the eu may press the u.k. to stay longer, trying to avoid recurring crises and other drama. eu leaders meet wednesday. in turkey, the lira falling after comments from president erdogan urging the country's election board to look into alleged about tampering in local elections. his party may push for a new vote. saudi aramco is begun selling dollar bonds for the first time, and its order book is already at about $40 billion. the saudi government controlled company is tapping the market ahead of a $7 billion -- a $70 b

vonnie: let's get to kailey leinz. companiese wealthiest and individuals in france are among those to pledge to donate $452 million to restore the notre-dame cathedral after that fire. family willone donate $113 million. gutted by thewas fire and the cause is not known. jong-un is's kim getting ready for a summit with vladimir putin. the two will need next week. they will likely discuss the stalled nuclear summit between north korea and the u.s. president trump is leveraging the advantage of being be incumbent. the trump campaign and joint fundraising committee ended the first quarter with $49 million in the bank, more than three times the money is any of the democratic challengers. bernie has $15.7 million on hand. donald tusk says everyone is exhausted by brexit, but he warned to not give up to break the deadlock. british lawmakers have proposed to break the deadlock three hass, and theresa may started talks with the opposition labor party. global news 24 hours a day on air and on tictoc on twitter, powered by more t

i am kailey leinz. this is bloomberg. vonnie: coming up, disney investors seem to beef feeding the magic today. that seem to be feeling the magic today. willis big without analyst this is bloomberg. >> live from new york, i am vonnie quinn. this is bloomberg markets. let's check that markets with abigail doolittle. abigail: take a look at the dow and s&p 500, solidly higher, dow up .9%. it is set for a small decline. the s&p 500 reversing a weekly decline, right now set for yet another weekly gain and helping out these indexes is the dow. jp morgan and disney. jp morgan at its highest level since december last year after putting up a solid beat red across the board in earnings. does they also at an all-time high with investors cheering the new disney class service. jp morgan is what doing for financials, up three days in a row, up about 3%, the 1.t set of days since april not a long period of time, but there had been a lot of anticipation by investors on whether or not banks would be bullish or bearish. right now, bullish

here's kailey leinz. kailey: former vice president joe biden is running for the democratic nomination for president in a field that now includes 20 candidates. biden is 76. his pitch will focus on working-class voters who backed donald trump in 2016. all street is closing in on big win. bankers blasted last year's attempt to tow down -- to tone down trading limits. await as are set to test that determines which trades are being banned. carlos ghosn is hoping to get out of jail for a second time. his lawyers posted bond to secure his release from a tokyo prison. the former nissan chairman is citing charges -- is fighting charges he funneled millions of dollars. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. coming up, and uncertain future for deutsche bank and commerzbank after talks of consolidation have ended. we will hear from our interview with the cfo of

here's kailey leinz. kailey: the federal reserve's preferred gave of inflation -- preferred gauge of inflation , reinforcing the patient stance on interest rates. president trump is telling the national rifle association to stop the internal fighting. on twitter, the president warned the nra is "under siege" by new york governor andrew cuomo, who challenged their tax-exempt status. has beenresident ousted following a battle with executive vice president wayne lapierre. in spain, socialist president returnanchez is set to -- socialist pedro sanchez is set to return as prime minister. he was forced to call an election when he failed to pass a budget. reach andisney all-time high after a record breaking blockbuster weekend for its newest "avengers" outing, with a $1.2 billion international open. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. now to our first mil

kailey leinz is here with more. it seems like tesla surprises every time so why should we be surprised? kailey: it was a big surprise. the losses 120% larger than consensus estimates. margins were compressed. delivery sales are a problem with tesla. the biggest drop in deliveries on record and that combined with a record $922 million debt payment means it dwindled their cash the pride. i've trading figure at gtb go -- at gtv now at a three-year low, that is enclosing deposits from customers on future cars. cash is becoming a huge question. the issue -- does tesla need to raise more capital? elon musk did hint of that on the conference call. he says there is merit in a capital raise, but it cap ration not be a substitute for making the market offer more efficiently. guy: the kind of dismissed that. let's talk about the targets and forecasts. there are good for cats in terms of what this company will produce. does the market believe? kailey: investors may believe that forecast. they are sticking to that 360,000 t

here's kailey leinz. kailey: a nearly seven standoff in london has ended. wikileaks founder julian assange was expelled from the ecuadorian embassy and arrested on u.s. charges on taking part in a computer hacking conspiracy related to digger melodic -- relating to diplomatic cables extracted by chelsea manning. army overthrew the longtime president. a military council plans to rule the african nation the next two years before elections. his ouster comes months after protests began in december over rising living costs. he had been in power since 1989. the u.s. labor market is showing little sign of easing. unappointed benefits fell to the lowest level in 49 years. meanwhile, inflation at the wholesale level was higher than expected in march. up u.s. producer's price is in the biggest increase since october. the second bond cycle in less than a month is hammering the u.s. in colorado, the national guard is planning to rescue stranded motorists. about 40% of flights to the denver airport have been canceled. global news 24 hours a day, on air and at tictoc on

here's kailey leinz. kailey: the u.s. trade deficit unexpectedly fell to in february. the big reason, a surge in civilian aircraft exports. meanwhile, the merchandise trade gap in china stayed tune. days before the anniversary of the columbine has go massacre, investigators are looking for someone who threatened an act of violence. columbine and other area schools were locked down for three hours yesterday. polling agencies have the incoming president of in theia leading southeast asian biggest economy. the argentinian central bank is tightening monetary policy for the third time in a month after inflation surpassed expectations. prices climbed 4.7% in march from the month and for. inflation in argentina's now i 54%. -- now at 54%. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. back to netflix again. netflix subscriber forecasts falling below estimates, but that has competitors ready to pounce. joining us for the latest is

let's check in with kailey leinz. state haslamic claimed responsibility for the terror attacks entry lock up. a terrorier blamed organization the targeted christians and foreign tourists. 321.eath toll has risen to theresa may is fighting to keep her job to try to reach a break the deal. arvest hope of success lies with jeremy corbyn -- her hope -- her best hope of success lies with jeremy corbyn. activist are plotting a new attempt to force her out. the supreme court takes up the issue of whether the trump administration can at a question about citizenship to next year's senses? they say it is not legal. makeup of affect the the house of representatives and determine how much federal money each state gets. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. leinz.ley this is bloomberg. guy? guy: thank you very much indeed. speakt, we are going to with andrew bailey, the ceo of the u.k.'s financial conduct authority. what does brexi

kailey: beat on both the top and bottom line. the topline line growth was about 2% and really driven by pricing. pfizer has been mired in a drug pricing controversy. president trump targeting the company, telling them to stop with price hikes. for some time, they did. in january, they ended up hiking prices on some. in $1d thinner, that goes billion in revenue and grew 32%. the arthritis drug grew more than 30% although it missed estimates as did an oncology drug. pricing is what is driving this. pfizer has not felt the political pressure. they are outperforming pharma and broader health care since president trump was elected, but the pricing hikes they are doing is making a difference. it is different than before trump was elected. they hiked 41 drug prices for 41 drugs but only 5% to 9%. in 2016, they hiked prices on more than 100 drugs and some of those were as much as 10% so they are feeling it here. how much of this is fewer shares because they bought them back? kailey: that is true. $77 billion in buybacks in less than a de

vonnie: kailey leinz with the stock of the hour. thank you. guy: coming up tomorrow, you do not want to miss an interview. we speak to the l'oreal ceo. the company has also announced it will be giving significant quality -- quantities of money for the restoration of notre dame. this is bloomberg. ♪ vonnie: it is time for our global battle the charts. it has been a big start of the year for megadeals, where we saw on the third of january bristol-myers come out. are wonderful jason is managing things. he is getting things all right. if we can, we can take guy's chart first. guy: let's talk about the emerging market. we will be getting chinese gdp numbers. they are going to be former the market is going to go. one thing i want to highlight is how close we are getting to a bull market when it comes to developing market nations. the green line is where we get back in global market. we have been pulling higher in the channel that has been driving us up toward the line. what is interesting is the composition. stocks have traditionally driven this b

kailey leinz is here with more. back to sounding the alarm. kailey: they are once again. --also cut his price target bear once again. about 50% downside from last week. is investors are significantly underpricing the severity of the challenges underlining risk. this was a big deal because this is a different tune that in december because the upgraded the shares. he said risks were better known, there was a chance the company could complete a turnaround without flubbing it again. that led to a rally. shares up almost 50% since december 12. now going swiftly back down since he has turned bearish. vonnie: he is an activist analyst. for the company it is not hilarious at all. what are the issues? ey: one is street crash. flowss industrial cash and -$2between zero billion. it has been on a downtrend for some time. says called -- larry kulp it will be positive again, but he says investors have overpriced that cash flow, especially considering the divisions like aviation, which is the strongest in terms of free cash flow. the underlying fundamentals are a lot weaker than meets t

vonnie: kailey leinz, thank you for that. that was kailey leinz on disney, up nearly 10%. bloombergs tom keene and francine lacqua with another key voice in washington, d.c. guys? tom: it is near the end. amongo opportunity central bankers, finance, and the leadership of the international monetary fund. it was a delicate moment. a delicate moment. they did the photo op. francine: all of the attention when we talk about trade. you are smiling for the pictures. one man always smiling is the finance minister of canada. thank you. tom: there is always good news in canada. francine: there was also a little bit of a slow down. you worry about the canadian economy? >> my job is to worry about everything. in terms of the canadian economy , we had a slow down because of changing oil prices in 2018 and we had a particularly good month last month. we are hopeful we will see a positive change in the second quarter which will be good for our economy. francine: out of all the finance ministers of g20, you probably know steve mnuchin more than anybody else. what does he tell you about tr

kailey: the market does not seem to be convinced. bed bath & beyond's performance , they've haved lost 75% of value in the last five years. shares again dropping. when the chart we can show you on the bloomberg terminal. eight consecutive quarters with same-store sales declined, and struggling in the physical stores. they are investing to revamp the physical stores and bed bath & beyond does heavy coupon in. that is weighing on margins. implementld them to the strategies, they do not seem to be working, yet he is still here. it is a matter of how much will things change? vonnie: this is more of a show me story, so investors are waiting to see. more neware independent directors, you would imagine they would have more of a voice in electing the ceo or not. why aren't the activists talking. there is no comment from them, which is not unusual. they did not even talk to bed bath & beyond. kailey: bed bath & beyond says it invited them for dialogue and those activists investors to an operative date or name these five directors to the board

kailey leinz with the details. kailey: investors struggling for direction. shares opened 2% higher, drop 1% lower, now marginally higher. they had a strong first quarter, a record number of subscriber additions, above analyst estimates, but what was below estimates was second-quarter guidance. they implement price hikes between 13% and 15%. especially weak domestically. they only see 300,000 u.s. additions, or the other 4.7 million will be international. despite that, analysts are still bullish. one analyst at barclays noting that turn, if you normalized it is lower than when netflix increased the prices in 2016. goldman sachs says given the outperformance, it is likely there may be up signs to that forecast. goldman sachs also noting the company's investments are paying off. they still did earn cash in this quarter to the tune of -$449 million. flow negativesh by $3 billion this year. executive say the cash flow could improve into 2020. they say eventually they will find their own content spending. vonnie: kailey leinz with the stock of the hour. battle of

kailey: it does not seem the market is surprised but we are getting color. the cfo said the second half should prove and in the second half they expect improvements from mining and energy, say they expect oil and gas to be strong. also saying inventory should be strong and he is touching on tariffs. he says caterpillar will see the impact of tariffs until the second quarter and noting the a traderiffs -- resolution would be good for caterpillar and those are continuing to trickle out. the conference call is still ongoing. you can follow that on the top live function on the bloomberg terminal. vonnie: kailey leinz will be back later. coming up is our global battle of the charts. this is bloomberg. ♪ vonnie: it is time for our global battle of the charts. you can always see these charts on the bloomberg on gtv . kicking things off his eric balchunas of bloomberg intelligence. eric: tlt took in a bomb of money, $2.1 million. this could be incorporated -- interpreted as a bearish sign. i think it is red is bullish and i will show you why. if you look at tr

that is kailey leinz with overstock of the hour. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. guy: breaking news. the s&p has just passed its closing record high. so we are through 2930 spot 75. the intraday high, which was hit on the 21st of september, 2018, is 2940.91. basically, we are through that level. still need to close above it to confirm that but nevertheless, we have pushed through the level right now. intraday high, 2940.91. there is a long-term chart as you can see. the

kailey: $1.2 billion in the opening weekend. it shattered any record. added --say it only especially the studio segment, which makes up 12% of the revenue. total earnings-per-share could raise by 10 to $.12 because of the avengers. it could have big upside for avengers. guy: how does this impact disney outside of the movie theater and what comes next because it is a busy year for disney? kailey: it is, because they're launching disney plus in november and marvel content will be the cornerstone of that service. avengers: end game will be available exclusively on disney this movielysts say will be a driver to encourage people to subscribe to that service when it launches. vonnie: have you seen it? kailey: not yet but it is on my list. vonnie: balance of power is next. from new york and london, this is bloomberg. ♪ david: from bloomberg world headquarters in new york, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brink today, geena davis on oil's reversal and what president trump has to d

let's check in with kailey leinz. kailey: high drama in venezuela. juan guaido is calling for military uprising. trump diminished rations as they support the people in their quest for freedom. in of --laimed the juan guaido claimed the end of the presidency of nicolas maduro. are back intors beijing trying to wrap up a trade agreement. steven mnuchin told reporters, he is looking forward to making progress. you are not common on specific issues. lead aek, they will delegation to the u.s. technology has denied u.s. allegations that they stole from the west. they say those slots could have --carriers to italy. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. guy: thank you. classic buffett. giving $10 billion when it comes to the bid for anadarko. this later inbout the program. chevron higher, anadarko lower. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: and vonnie quinn. this is "bloomberg markets." talk with stepping up doolittle. -- let'

you,e: kailey leinz, thank with our stock of the hour. coming up is our global battle of the charts. this is bloomberg. ♪ vonnie: breaking news. we hear from the justice department it will release a redacted mueller reports on thursday. we were anticipating it sometime this week. it is going to be thursday. it may or may not shed new light on the investigation of two years. that is due on thursday. in the meantime, it is time for the global battle of the charts. you can see these charts on the bloomberg, just run the function gtv . kicking things off is bloomberg's sarah ponczek. xls,: i want to look at the largest etf that tracks the financial sector. while financials might be broadly lower today, we have seen a turn in sentiment. what you are looking at is the white bars are flows into xls. for reference is the s&p financial sector. we are seeing an inflow this of $1.6 to the amount billion. that would be the first month of inflows for financials. in september, when the s&p 500 was putting in its record highs. it is the largest mo

kailey: a very happy day. vonnie: you also have a little extras -- extra sparkle in your smile. jim chino's our brackets for because with a final pick of uva . he got 48 of his picks right. a great boon for his charity. coming up, our global battle of the charts. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. now time for our global battle of the charts. kicking things off is justina lee. heard ofwe have all the investing principal, buy low, sell high. in the quantitative world, that is not working out. i have the russell 100 value

kailey leinz is here with the issue. kailey: growth is noun positive territory despite a deep forecast cut from american. they see earnings-per-share dollars- between four to six dollars, and they previously thought $7.50. the 737 max a big part of that. they have grounded it through august and that will lead to 150 delhi flight cancellations and capacity reductions of 2%. that will shape $.60 per share off of earnings and that impacts $350 million, in addition to fuel costs, which will be $650 million in savings. that is $1 billion in additional cost. where you may be seeing positivity is there is indication that there is still pricing power in this quarter. revenue will increase between 1% and 3%. of they be where some positivity is coming from. vonnie: thank you for that stock of the hour. coming up, balance of power with david westin. he talks with the chief spokesperson for howard schultz. in u.s. markets, we are down fractionally on the nasdaq but up on the s&p and the doubt. chipmakers still a bit of a drag. this

i'm kailey leinz. this is bloomberg. vonnie: thank you. just want to recap some of the details from this morning. we got the news conference from attorney general william barr. he cited the special counsel's report and said that mueller recounted 10 episodes of potential obstruction by the president. he also said the russians did not have the knowing assistance of any americans in the 2016 election. took a couple of questions from the media, and then he was out the door. he will be giving the redacted report to the chairman of the house and senate committees. reaction ando some context before we get to the president, who may or may not address, but it is likely that he will because he has been tweeting. we are joined by the compass point director of policy research. we have attorney general william barr making those comments, taking one or two short questions. what did we learn that was new? guest: good morning. i think we could definitely presidentthe addressing these remarks. what we have learned today is very little. this was a forceful

there was one radar-confirmed tornado in georgia, but we haven't seen this kind of activity since kailey mentioned this morning, really the last one with damage. the enhanced color here of orange did drape all the way down towards augusta. we'll get to the masses in a moment but now the threat moves to the north. this area of low pressure pushed out of texas and making its way towards west virginia. here's the radar. just moments ago atlanta's tornado watch was allowed to expire. that's great news, but if you look closer, and we're going to get in here from the severe weather down to the panhandle of florida, here's augusta where we've got tens of thousands outdoors in the elements waiting for the possibilities for authorities there to blow the horn to clear all the greens. now, the problem is even though they have had some light rain as this moves in. you've got to clear that whole entire area quickly. the good news is we're not seeing any tornadic activity, and if we break down the hours at 3:00 p.m., coming up on that, still a good 50% chance that lasts until 5, so it's a thin line th

let's get to breaking news and start the show with that and crossover to kailey leinz. onley: breaking news google's drone business. it has gotten faa approval as an airline. it is the first opat