Themselves the eurozone as a ruler is not doing well. In germany, the growth is less than it is outside the eurozone. Matt not just any french economist. Grease cut a deal two months ago with european officials to get a 7. 5 billion more. Alexis tsipras is offering stocks in Hong Kong Hit a sevenyear high today. Investors from china power to the surge. Mainland authorities recently made it easier for investors to use a link with a hong kong exchange. Oil prices are slipping again after a government report of inventories far as he did far exceeded estimates. There is a new boss in the business today. Petro china is the worlds Biggest Energy company. Its market value is 333 billion. The jury that convicted the Boston Marathon bomber now must decide whether he will die for his crimes. He has been found guilty on all 30 counts against him for the attack two years ago. He faces one of just two outcomes life in prison or the Death Penalty. The governor of massachusetts knows what his decisio
Whether or not tsarnaev should be executed for his role. His defense says he was under the influence of his older brother. Minutes from the Federal Reserve meeting last month show that policymakers are split on whether to raise Interest Rates in june. Several members argued that the Economic Data and outlook were Strong Enough to warrant the rate hike, but others argued Falling Oil Prices and the strong dollar were reasons to hold off later this year at the earliest. A major deal is brewing in the generic drug business. Mylan has offered to buy perrigo for 29 billion, its largest acquisition ever. Says its board will meet to discuss the offer. A shakeup at the struggling Games Company zynga. Ceo don mattrick is leaving his role and the board. Founder and chairman mark pincus will return to the position. Last quarter zynga posted its first sales increased since 2012, but its string of losses extended to six quarters. Zyngas shares are down in afterhours trading. Google plans to launch a
Good morning everybody on this thursday here in new york city. Youre watching Market Makers on bloomberg television. Im Erik Schatzker. Stephanie im stephanie ruhle. I am british sure Monica Lewinsky is not my favorite anything i am sure Monica Lewinsky is not my favorite anything. Not my favorite intern or dress owner or mistress. Maybe my favorite beret wea rer . No. Wholesale inventories for february are out and who better to break down those numbers than scarlet fu . Scarlet we have an increase in wholesale inventories of 3 10 of 1 for the month of february from january. Slightly higher than what economists have been looking for. The previous month number also get revised higher to 4 10 of 1 . Wholesale trade sales and unexpected decline of 2 10 of 1 . Thomas for looking for a gain of 3 10 of 1 in the prior month read were revised by bigger than expect to drop. U. S. Stocks coming up a little bit here. Showing a little bit of a leg up. Looking at marginal gains of 1 10 of one perce
Online marketplace. Blackstone and wells fargo nearing a deal to buy general electrics real estate holdings. Blackstone has built the Largest Global Real Estate Investing business seeing 81 billion as of last year. For ge, the strategy of unloading assets, ge shares rose on the news. Irans Supreme Leader has refrained from endorsing the framework of the deal last week. The ayatollah said he was neither for nor against the deal. The ayatollah did insist sanctions be lifted as part of any final agreement. California regulators ordering the states largest utility, pg e, to pay 1. 6 billion for failures under the National Gas Pipeline explosion that killed a bunch of people in 2010. Is the largest in history. More than 2400 safety violations in the decade leading up to that san bruno blast. The Company Faces a billion dollars in potential federal criminal fines. And global pc sales are falling again. They fell 5. 2 in the first order quarter. The decline as corporate budgets are cut and co
We are live on the salt conference in las vegas. I am Erik Schatzker. Stephanie i am Stephanie Ruhle. Day two and we had an extraordinary run already. We will be speaking with the one and only jim cahanos. Leon cooperman at 11 00 and john burbank at 11 30. You better sit down, strapping and dont go anywhere. Erik that is one heck of a lineup. Lets start with a bulletin. Stephanie Erik Schatzker in vegas, a whole other level. Erik top business stories of the morning. Alibaba has a new ceo, daniel zhang, they chief operating officer for the past two years. He helped turn the companys single date shopping day into the biggest revenue. He replaced jonathan who will remain as chairman. He spoke earlier to bloomberg about alibabas strategy. Daniel we manage our business by creating value for longterm customers. By creating values for the disappearance for the participants, so we believe that the investors will like us as long as we continue our belief and continue creating value for customer