Transcripts For BLOOMBERG Bloomberg Bottom Line 20150423 : c

BLOOMBERG Bloomberg Bottom Line April 23, 2015

Counterterrorism operations. Peter cook has details on u. S. Counterterrorism operations that killed an american being held hostage. Peter president obama says he takes full responsibility that accidentally killed two american al qaeda hostages, one an american. He had been held by al qaeda since 2011. The other, an italian held since 2011. Since 2012. What we learned today from the white house is a u. S. Intelligence official said that this compound along the Afghanistan Border did campaign contain al qaeda terrace and was targeted because of that, but what was not known is the hostages were also being held there. They were killed in essence by accident. The president did take responsibility. As president and commander in chief, i want to take full responsibility for all of our Counterterrorism Operations including the one that intermittently took the life of warren and giovanni. I profoundly regret what happened. On behalf of the United States government, i offer our deepest apologies to the family. Peter the president did say there would be a full and best they can and come up that the u. S. Rules or joan strikes had been complied with in this attack. Rules for drone strikes had been complied with in this attack. The president did not authorize the attack because the rules of engagement did not require president ial signoff for this attack at the time. Mark we are now hearing from the american from the family of the american who was killed. What did they have to say gekko . Peter obviously profound grief for the weinstein family. They are professing that today. They said they look forward to the results of the government investigation, but those who took worn captive over three years ago bear ultimate responsibility. They do have some sharp words. They question some of the assistance they received over the 3. 5 years. Mark peter cook, joining us. Thank you. The United States Senate Voting to confirm Loretta Lynch as the next u. S. Attorney general. You are looking at a live shot from the senate chamber. There are enough votes to confirm her. Her nomination has been held up for five months. Senators cleared the way by approving an unrelated measure on human trafficking. There you see the final tally 56 the as, 46 days. Loretta lynch confirmed as the first africanamerican woman to be confirmed attorney general of the United States. There you see the final tally 56 yeas 43 nays. A british trad accused of theer flash crash spent the night in jail. Legal experts say extradition to the u. S. Is almost an inevitable unless he is. Health problems. They say fighting the process might help hurt his chances of cutting a deal. Ryan chilcote reports outside the home in london. Ryan there are several conditions to his failed. For one, you want to stay at his parents house every evening between the hours of 11 p. M. And four. A. M. He has to wear an electronic tag to prove he is doing that. Additionally, he has forfeited his passport, so have his parents. Finally and i find this the most interesting condition, the judge has banned him him using the internet. He has to buy a phone without internet access. History tells us this is quite likely. We took a look at some of the numbers between the years of 2004 and 2011 the United States made 130 extradition request for citizens here in the united income. The British Government approved all of them. The courts only threw out some of the seven of them. The only way you can avoid extradition if you are british are health concerns. You can understand why he would want to avoid extradition. If all of the 22 charges are proven he could be looking at 280 years in an american jail. Mark in other news, a court in spain has refused a u. S. Request to extradite a former jp morgan banker accused of helping the notorious london whale. He is accused of helping bruno xomore than 6 billion in losses. He told spanish judge he is innocent. That is a look at top stories where following on this thursday. Sales of new u. S. Home systems in march. Purchases dropped 11 point 4 from a sevenyear high. That was lower than economists estimate. A senior economist at wells fargo security joins me from charlotte, north carolina. Welcome back. Good to see you again. Thank you. Mark why was this decline larger than expected, project really in a month when new home Sales Volumes typically peak and what is the key to this homebuying season . If you look at this report it is not indicative of the true health of the housing department. Clearly this particular report is still shaking up the harsh winter. If you look at their regional breakout we solve that midwest increased and the northeast and south showed large declines. That is on the back of other large increases. So if you step back and look at other housing indicators, we are clearly seeing improvement. Mark the last months drop is not an indication that the Housing Market is losing momentum . Anika this is true. If we looked at purchase applications, which is a good leading indicator, we of course of seeing improvement. That is conventional applications, as well as governmentbacked loans. The back and look at existing home sales. That number came out yesterday and we saw an improvement so we are moving in the right direction. For some of these particular housing indicators, they are very volatile on the month, and we will see choppy data as we clear ourselves out of the unusually harsh weather conditions. Mark you just mentioned purchases fell in three of the four regions of the United States. What does that break down the like in the south where the majority of the u. S. In the the homes in the u. S. Are built . Anika you are right, there is a large proportion of homes, more specifically the inventory of thise south. The south was also hit by the weather conditions. But if you step back and look, we are looking at household or missions that should show some increased. We are looking at labor market increase that should lend itself to higher demand. And it is across the board. As we look at one of the biggest hurdles and the Housing Market it is going to be inventories, and still in some instances credit. Mark sticking with speaking with mark anika kahn. Why are we sing such a high rate and archon that our new home eithers confident they will find a way to the arquette . The market . Anika a large part were distressed transaction investors sales and many of the existing home sales were selling at a discount. On the other hand when you look at new home sales, these particular homes were selling at a premium. You also have to look at the number of homes by price. If you look at the number of homes by price specifically for new homes, you see there is not a whole lot this month that sold that was less than 300,000. Most of the activity happened in the 300,000500,000 range. So we need more activity at the low end where there is demand that is picking up, but the inventories are still very low for that space. Mark ryan sweet is a senior economist at moodys analytics and he told bloomberg the Housing Market will not take off until there is stronger wage growth. How long can the Housing Market days able while it waits for workers paychecks to rising catch up to rise and catch up . Anika we are beginning to see some of the wage growth occur. We must keep in mind wage growth is a lagging indicator. We will see wage follow. It is more about credit. We should see pickup. We will see an improvement in the Housing Market this year. We will seek gradual increases increasing in this homebuying season. Mark anika kahn joining us on the program. Thank you for coming on the program. Of next, another check of todays top stories and you can order just about anything online , but medical lab tests gekko the answer may surprise you. That answer when we continue in just a moment. Mark welcome back. Lets get you the top stories we are following on this thursday. The largest penalty yet in the investigation of Interest Rate rating. U. S. And british regulatory does regulators to play to order Deutsche Bank to pay 2. 5 billion. The misconduct included at least 29 employees based primarily in london. About a dozen other firms have artie paid more than 6 billion tos total similar claims. Claims front Employment Benefits in the u. S. State below 200,000 for the seventh week in a row. That is a consistently low level of borrowing. We will see in a couple of weeks if that made for a turnaround after last month report which was the weakest in more than a year. It may be the sign of progress in the u. S. Housing industry is going down. Sales. The average sales rate 481,000 homes in february. Sales of new homes hit the new york type. Firstquarter profit of General Motors almost tripled the strong sales of light trucks in the u. S. Undercut by problems in russia and brazil. Those estimates missed estimates those analysts missed estimates. Gm down 3. 6 at 35. 82. Those are the top stories were following. Imagine bypassing your doctor to order your own broadcast. Cynthia kunz will tell us about this now. A look at Women Security and foreign policy. Director of the Georgetown Institute for women. This afternoon university of kentucky basketball coach John Calipari on a new Virtual Reality experience. Stay with us. Bottom line continues in a moment. Mark the sure to check out the latest edition of Bloomberg Business week. Read it on the go with our new app. Emily chang sits down with Sheryl Sandberg and Richard Branson for an exclusive conversation on their companies and how to balance work and family. Excerpts throughout the day. Watch the entire interview tomorrow night at 8 30 new york time. Only on bloomberg tv. We turn our focus to the Laboratory Corporation of america, the biggest diagnostic company in the and i did dates will soon allow consumers to bypass their doctors and order cholesterol readings, that right tests and other blood work online. Cynthia kunz joins me in studio. Thank you for your time. It is called direct to consumer. How does this work . If you are interested in checking up on your health, outside of what the traditional schedule for testing, you will go online order the test and get the results your self. You would be free to interpret them on your own. This type of business allows you the freedom depending on what lab corp. Ultimately allows you to offer to check up on your health more often. Mark when we call this a changeup in the way the doctorpatient relationship works . They are definitely coming along. They are getting used to the idea that consumers are far more interested in their health. Mark i think the conversation of the past couple of years, the consumer not so much getting your own results but taking charge of your own medical care and being an active participant and letting the doctor as opposed to letting the doctor do all the work. I think doctors are coming to grips with this learning their patients are far more engaged and informed through what they read on the internet and apps and keeping up with her health far more than they used to. For medical professionals it will take some getting used to. Some people will come in and have some own ideas about their care. Mark what are the risks involved with running a business around this . There are issues around interpretation of test. A thirdyear medical student and not feel comfortable reading the lab results that come back so how could a laymen interpret them without the medical knowledge professionals have . One of the risks is they do not really know what they are getting. Also that people get diagnosis for things like sexually transmitted diseases and theyre not under a physicians care when they get the results. Mark why is left corp. Doing this now lab corp doing this now . There have been a few changes. There is a new test that could be a threat down the road. Another is that the traditional methods for getting reimbursed are getting more challenging. So they are needing to find new sources of revenue in the environment. Mark so we are talking competition basically . Yes a lot of different competition so theyre coming up with new ideas like this. Mark the ones you mentioned, are they the biggest competitors right now . They are new to the space, so they are looking at a handful of players like wellness fx. There are more established. They are rolling out the drugstores. Definitely becoming a much more significant presence in the industry. They are another one of the players they have to keep an eye on. Mark is there anything between any link to between patients taking charge and the Affordable Care act . Perhaps the fact that more people are insured and more people are paying for their health care and people paying more than they used to in some instances so perhaps that is why some people want to keep an eye on their health. Yes, there is definitely a chance this is all connected mark . Mark it is interesting because you mentioned the word pushed back from some of the doctors. Do some of them see this as an indictment of what they are trying to do . I am trying to give you information and the patient saying i do not want that, i want this. We are talking people who went to medical school and trained for this and people like myself who may have read things on the internet but that does not necessarily mean i know what i am talking about. I think mostly they are worried people will not know how to interpret the results. If you have ever looked at your own lab result, they are quite complex. I think doctors are mostly concerned with people taking the abnormal result and demanding something from them when they may not necessarily be. Mark cynthia kunz, thank you so much. As we had to break, live at the white house. Cynthia koons. We will talk the former u. S. Ambassador for global womens issues on what more needs to be done to protect children and women in areas of conflict. Life to the white house, the president of the United States welcoming the super bowl champions new england patriots. You are watching bottom line. Mark welcome back to the second half hour bottom line. Lets get you some of the top stories we are following. Lets begin with the price of crude oil in the flow in the close of trading on the floor. Trading at 58. 08. Measure for the proposed measure and Time Warner Cable. Staff members at the federal Communications Commission are now opposed to the deal. The reason, it does not help consumers. Yesterday Justice Department antitrust lawyers flew in lawyers from both companies. The opposition from the fcc is stronger. Officials at the agency are expected to recommend that an administrative hearing be held. One of the main critics of the deal is minister the democrat al franken. Hes going to Bloomberg Television this morning. Comcast and Time Warner Cable has the distinction of being the worst and second to the worst in terms of Customer Service as rated by the customers. All appropriations in the country. Mark that is a look at the top stories we are following on this thursday. The gathering brings together world leaders, industry icons, artist and activist to discuss struggles and cryer triumph women all over the globe. Joining me is the ambassador for global women issues the ambassador for women. Welcome. One of the major things at this years summit protecting women and children in conflict areas. Where is the world failing of this regard and what more needs to be done . It is a big problem because so many of our conflicts are involved in perpetrating Sexual Violence against women. It is a violent tactic with the berries which egypt purpose on the side of the armed combatant. There are plenty of International Guidelines for the need to protect women. In these circumstances the women and children are the casualties. These are civilian casualties and tremendous impact that this kind of violence has. We need to a better job on the protection sign and prosecution side to ensure those who are perpetrating this kind of violence are paying the price and the system of just this. Justice. Mark as we talked, there are still issues to be resolved with bo boko haram and with syria. This is not one of the issues where the World Community can just say stop it. We relys this is not supposed to be a tool of war. How do you bring these people to justice . You are exactly right. One of the additional points is that while Sexual Violence has been extra in early violent in congo and rwanda and south sudan , etc. , we now see this is a specific adopted tactic by bo boko haram isis. The extremists and terrorists are using this today. I think as we develop the policies, we just cannot have military solutions that we have to figure out the gender peas and all of this because it is a huge problem. Mark does this policy have to include more women in government . I think it is helpful. It is a reminder women do not always get to the table. They bring the ground troop to the table. The outcomes are often taking into effect all of the issues that have to be addressed. I think that is true and government as well. Mark is that role given the respect it deserves in your opinion . I do think men and women have a role to play. It is not just a womens issue. Women are frequently in positions of authority and positions of decisionmaking. These kinds of issues, whether the economic and political and policy sphere usually get more attention. Mark one of the most debated issues, income inequality. How closely is that link to gender is polity . I think it is linked. The amou

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