[indiscernible] finishing up with former cia Deputy Director michael morell. We will air this again later in the program schedule, or you can watch it again shortly online at cspan. Org. We do have more life events coming up today. Joe manchin will be speaking at the Brookings Institution this afternoon. He will be talking about governing from the middle. Watch his remarks live at 2 00 p. M. Eastern on our companion network, cspan3. Later, its more from the road to the white house with Hillary Clinton. She would making her second appearance in iowa. She is talking about ideas to expand small business. You can see that live at 3 45 eastern also want cspan3. President obama is traveling today, he will be in new jersey this afternoon to talk about Community Policing here it he is expected to talk about a drawdown in the amount of military equipment being provided to Law Enforcement. That starts at 3 10 eastern. Youll be a watch it online at cspan. Org. The president is expected to acknowl
That just merge to give go pro a run for its money with the first Live Streaming camera. Thats ahead on bloomberg west. First to our lead. Jony ive has a new role the first chief design officer for apple. He will be shaping the look and feel of apples products and take on current design products new ideas, future initiatives. He has two deputies who will be taking up his daytoday managerial duties starting july 1, but what are the implications of this unprecedented move . Joining us, tivos chief experience officer who has helped Companies Like google and twitter come up with strategies and we also have two other guests. Thank you for joining us, all of you. This is the first time i have ever heard of a chief design officer. Not a common thing to do. What does this really mean . Does this increases power . Does it change it . Guest i think it is just a titular recognition of stuff he is been doing already. In some ways, this is the role he took over after steve jobs stepped back. Now, i
Executives at both companies concluded the merger would not fly. The founder of a Technology Consulting firm says regulators are out of touch. I think the government is Old Technology and an old point of view. I think the f. C. C. And d. O. J. Have shown there are anachronisms when it comes to dealing with new technology and that kind of progress. Mark on wednesday, officials from the federal Communications Commission told both companies they were opposed saying the deal did not help consumers. They plan to call an administrative hearing which would have dragged the process out for months. The british trader blamed in the flash crash is still in jail. He has not come up with bail which was set at 7. 5 million. We are learning more about the trader. In an email last year to british regulators, he defended his rapidfire success has the benefit of a quick mind and that the trade secret we canceled were simply because he changed his mind not because he was engaging in illegal market manipu
Headlines. Lets begin with Time Warner Cable. A deal will reshape Time Warner Cable business. 55 billion in cash. A 14 premium and Time Warner Cable is closing on friday. The shareholder, billionaire john malone. The offer was rejected. Time warner cable accepted a bid from comcast. Greece time and money and assess to bailout funds. Another way to raise money, greek citizens can make undeclared deposits and foreign banks illegal by paying 15 tax. Stanley fischer says when it comes to interest rates, the fed is playing a waiting game. If the fed raised its rates to quickly come it would be hard to cut them if the economy does not pick up. Our processes are not data determined. They are data determined. Erik the fed will be going from an ultraexpansionary monetary policy. Stephanie i love that he is feeling it with his clever wit. The u. S. Government is determining whether General Motors will face criminal charges. Prosecutors are trying to figure out if anyone at General Motors did bre
Low. Our road map with stock futures in the red. Exxon and conocophillips moving some of those stocks. Sales force surging on the news it hired advisors to look at takeover offers. More of the apple watch dlis. A defective component to blame. Apple announcing another partnership with ibm. Well get to that in a minute. First up a lot for investors to digest on this final trading day of april. Consumer spending up 0. 4 last month. Claims down last week by 34,000 to 262,000. Thats a 15year low. Employment costs up 0. 7 . On the earnings front, exxonmobil did top estimates despite a 46 drop in First Quarter profit. Exxon revenue, i love these figures. Last year 106 billion. This quarter, 67 billion. You have to understand exxon had good production growth. People say no one got hurt buying the stock of exxon. This is why. Because exxon really hasnt done anything during this period. When oil was flying exxon did good not great. Oil goes down, exxon shows you the breadth of its products and w