Telling us about the american Success Story. Kicking it off with what everyone is talking about. A pivotal few days ahead of the international standoff over ukraine. This weekend, residents of crimea will vote on whether to break off from ukraine and become part of russia. The u. S. Is the referendum illegal. If the vote goes through, the says the region would join russia as early as next week. John kerry meeting his russian todayrpart Sergei Lavrov in london. Here is secretary john kerry. We have a lot to talk about. I look forward to the thertunity to dig into issues and possibilities that we may be able to find about how to move forward. Together and resolve some of the differences between us. We look forward to a good conversation. In ukraine, the situation not getting any calm her. Violence in the last 48 hours in the air of donestk. Of donetsk. Itaryesque assizes military exercises on the mediterranean. We had a statement about the violence in Eastern Ukraine suggesting that russ
Was put on bloomberg television. Im Erik Schatzker. It, awill get right into big morning. Excited about our guest host, lets get started. President and ceo of sprint. You were the man responsible last year for getting a deal with softbank come how is it going . It is going well. The week ago we announced results and stock was up 11 on the day and 18 over the last week. We had our best Net Operating Income number in the last seven years. 11 quarters in a row of beating on ebitda. Our subscriber numbers could be better, we are reengineering our network. What has the softbank do thatp allowed you to you could not have done before. What is it going to enable you to do in the future that you were not able to do . Longterm. Re on the this big network, sprint spark, it will take time and money to do it right. We can take a longerterm perspective. You have an 80 investor who was talking about a 300 year plan 300. Whenever going to get sprint spark in your . In new york . You have it now. It is
Great to have you here. Time for theis newsfeed, the top stories from around the world. In india, a historic defeat for the family that has governed the country for most of the past several decades. Outsition bloc led by modi that the congress party. Raul gadhi conceded defeat. Modi promised overhaul of the economy. Uber in talks that could end up tripling its valuation. According to people familiar with the matter, it is trying to raise more money in a round that would value the company more than 10 billion. Uber thus far rolled out its service in 115 cities around the world. Los angeles clippers owner Donald Sterling is fighting back. According to sports illustrated, he reportedly told the nba he will not pay the fine from last month and may sue the league. Nba banned him for life for racist remarks. Leagueow shot the itself cannot force them to sell the clippers, only the owners can. It is amazing, his resistance on this. Really interesting to see if he will succeed in fighting that
Yellen, bill dudley, and the markets housing is the key to acceleration. If it does not happen now it might not happen this year. The evidence is mixed. Last month, new sales dropped to an eightmonth low. Since then, Housing Starts were huge but they were all apartments. We find out whether those new holes in the ground are being sold. They should be. More families are being formed, they need homes. Interest rates are low. Winter is over. Existing home sales were up not as much as forecast. The fed folks have told us housing is a key part of the economy. Normally it leads us out of a recession. Last year it finally began adding to growth and that changed the last couple quarters. If we are going to see the economy pick up it needs to change. What is the excuse of the numbers are not good today . Back to the Interest Rates. Average Mortgage Rates havent fallen since the beginning of the taper. The jump during the temper tantrum hurt. Ofa relative basis a lot firsttime buyers never exper
Marketing campaigns quite like this one. The firstecomes league with welcome. I am stephanie ruhle. Thrilled to be here. Matt is in the house. I am filling in for Erik Schatzker, who is on assignment. He is really on assignment. Not one of those on assignment. I was just in sonoma on a track. Tough job. We have breaking Economic News to get to right now. April, mikeh of mckee is taking us through the numbers. 1. 3 increase does not, go whole lot, but it is the best since last july. Home sales rise to a 4. 6 5 billion annual rate. We have been talking about this for a while. Condos and cars, people are moving into that area, away from singlefamily homes. Condos up 7. 3 . We are seeing a better trend in home sales, but not in the singlefamily area as much as multifamily area. Supply goes up in the month of april. That is good news. We have been waiting for more people to put their homes on the market. That may have an effect going forward. Thank you very much for that. Not exactly hittin