More than 13,000 stores in states and in canada. You could not buy it for a dollar. Our chiefbring in markets correspondent, julie hyman, who has a lot more on the merger. What is fascinating about the deal is a dollar tree is smaller than other companies. Icahnstands at carl stake is around nine percent here trying to push for someone Family Dollar. Maybe dollar general, a larger competitor. The ceo is going to be stepping down. Factors that thesis and the question. It has got fewer stores. They are doing 1490, seven 450 per share. We have already seen Family Dollar come up to some extent in anticipation of some kind of deal happening. We know walmart has been in turmoil and they cater to the , the oneomer struggling a bit more in the economy. How are these companies doing . They are also struggling, particularly in the case of damage dollar. It had been under pressure to do it. Dollar stores broadly have been taking share from walmart. Beenme extent, it has going in and out quickly. Even if theyre paying a little bit more in some cases. In the case of Family Dollar, if you look at the low income customer, they have been suffering. Very little wage growth. Exactly. That is also one of the reasons the Dollar Stores are also facing some of the same issues. Thank you so much. In washington, the state satellite release photos. Russia denies the charge and it marks another escalation in the crisis. Peter cook has more on this. What can you tell us . What do you know about this. There were a lot of questions about, can you prove it . Here is something allegedly showing firing into ukraine. What the u. S. Government has done now is emily presented russiant claims shows firing into the ukrainian side of the border. It shows burn marks on the russian side of the border and then impact craters on the ukrainian side of the border near the Ukrainian Military unit. The United States claims these photos clearly demonstrate russians have been firing across the border onto the ukraine side of the border. Addition, another escalation here. What the u. S. Claims is clear of the larger firing intof ukraine. Russians deny this. A suggestion this morning that the photos are fake. Clearly denied this but how will the u. S. Respond . The question. This is an excavation and it is troubling to them. Over the weekend, ben of the Obama Administration talking about this and the threat of more sanctions in the United States and the potential the United States might be willing to provide military support . We have not ruled anything out. We provide intelligence. We think the best thing the United States can do is send a message to russia to russia through very large sanctions. You will see the european moves out the europeans move out on stronger sanctions. Were waiting to see what europeans do, talking about stepping up their sanctions beyond what they did last week and perhaps the possibility the estates is moving simultaneously or after that with additional sanctions aimed at russia as well. Saw k you, and we just on the rise since the downing of that malaysian flight to does lisa go. Organize to recover the remnants and investigate the crash site. Brian is in london with more. The International Police team thetasked with recovering remains of the crash and they have abandoned their mission with heavy fighting. What is going on . That is right. This is the second day in a row they have not been able to access the site here it today was pleased by both the netherlands and australia that were attempting to get to the site. Most of the bodies collected initially had been repatriated. They still remain at the crash site. This is the effort to get back there. Two days now they have felt. That does not bode well for the russians when it comes to sanctions. As we were just discussing discussing with peter cook, how close is the eu to issuing more sanctions question mark i think theyre getting very close. One of the reasons they put up a satellite images they put out yesterday was to nudge the europeans along. That policee news teams cannot get to the site. These are two things the European Union will not look favorably on. We heard today that they would deftly like to see sanctions tomorrow. The german chancellor is on holiday but said she will personally go to brussels. Interrupt her vacation, to get the sanctions if she has to. They are really pretty set on doing at least something tomorrow. Looks like momentum is behind them. The sanctions themselves, what will they entail . Two things, one is the blacklist, likely like the u. S. s blacklist. Cronies list, targeting friends russianly of the president , not just people seen as destabilizing the situation in the ukraine itself, but people seen as holding sway over the russian president. That is one thing they will look the second thing is the range of economic sanctions, the biggest thing is disallowing Russian Companies from accessing European Capital markets, just like the United States has already done with a handful of Russian Companies. It would be the eu saying to russian banks backed by the state majorityowned by the state that they cannot do any more listings or raise any more money in bond issuance in the European Unions. That is what were looking for. Thank you, ryan in london. The Airline Industry is dealing with the aftermath of the Malaysian Airlines and ukraine. To suspend flights to israel that have since been restored. It all comes as Malaysian Airlines may rebranded health in the lake of these two air disasters this year. With more, i want to bring in the retired chairman and ceo of American Airlines. He joins us now via skype. First, what will be first going on in the boardrooms of all commercial airlines today given the stated disasters we have seen not just in the ukraine but around the world in the last avril week . Obviously, they are sources of conversation. The industry will know, as i am sure you do, that the Aviation Industry has been get been getting consistently safer for many years. 2013 was a good year. 2014, we had two or three of these events, sprained by any standard. My guest is beef my guess is before 2013, we have another year. Strange they fact is commercial radiation remains and it is very safe. You are absolutely right. I looked at some of the numbers before our interview. Airline safety has only continued to go up in the last several years. It is certainly one of the safest ways to get anywhere these days. I wonder if, for airlines, insurance premiums will go up given the disasters we have seen over the last several weeks. It is this sentiment that this news is causing a lot more anxiety. We will see for airlines a little bit of a hit to their bottom lines . It. Ou will not notice the fact of the matter is insurance premiums will go up a you and i, but as already agree, 2013 was a very safe year. There may be some response to individual error, but overall, insurance premiums are not going to change. Should airlines redraw their flight path, the ones that go over certain political hotspots . Part of whatis is the Worldwide Society has got to decide. Do we want to have faith commercial . If so, everybody is going to have to behave in a more responsible way than the rebel units in the ukraine with very dangerous weapons. Airlines will, take more active steps to avoid areas in which there is actual conflict. Industryt the airline and the industries of the world have got to avoid all the areas of conflict, and it will obviously impose costs and inconvenience on the public, a little inconvenience certainly is an appropriate price to pay and that is what we have to do. Clearly, you have had some that airlines say they are not going to fly over iraq anymore given the situation there. For flight paths and destinations, you have to now count in war and in terms of where youre going. Of course you do. Of the worldomatic we now live in. We are not talking about states anymore. Only nationstates that have these kinds of weapons. We have these sorts of individual Interest Groups that can get their hands on dangerous weapons. Sure. I think the airlines will make more strenuous efforts to avoid any area where these weapons might be used here responsibly. As i said, that will impose incremental costs and inconveniences. Just stay with me for a moment. We will be back with you. Up, better not have a craving for a big mac in china. I meet isll you temporarily off the menu there. Plus, we will have a real check. Our players Going National with the new york state start up. We will be back. You are watching in the loop live on bloomberg tells Bloomberg Television. Announcing a Public Offering to finance growth despite a firstquarter net loss of 22 main dollars. A Virgin America ipo. I want to bring back the former American Airlines chairman and ceo bob. What do you make of this ipo . I assume, they look at the Airline Industry and they figure they will approve their own results and this is the time to give the public an opportunity to participate. What Virgin America thinks will be a time of prosperity. It sounds that way. You know American Airlines is returning cash back to shareholders and others are as well. Sense ofehind this renewed profitability here . Consolidation and elimination of competition. It works like a charm. Itthat is terrible very sounds like that could come at the expense of consumers. Of course. Come on. Is a good thing. The Airline Industry destroyed a lot of capital over a lot of years. Phd who washe running during the deregulation of the airline in 1970 8, 20 years after, he came along and said, you know, deregulation does not work very well in an industry like the airline it destroyed a lot of capital, and to destroy the ability of u. S. Carriers to compete with airlines around the world. Now we have consolidated your 80 yes, there is a lot less competition than there was. The fact is, the industry is not destroying capital. It is earning a return on capital. That will create a stronger industry and, i think, in the long run, it is good for the country and good for consumers. Immediately, our consumers paying a little the more . Yes. But bob, one of the things for consumers that has been transforming his all of the fees that have been piling on . Will that stop or slow down . I do not think so. I think it is pretty much established the level it will be at. I do not think ulysses a lot of incremental additional fees being added. The industry has created a version of its product and that is probably appropriate. The fact of the matter is, it cost a lot of money to move baggage around airports. Customer who does not check bags have to stay . That is effectively what they have done. By charging for baggage. They let the people who use the system pay for it. Thank you so much. Great to see you this morning. The former American Airlines ceo. Former republican Vice President ial candidate sailor on the roadis going again by launching her own Online Television channel. Channelsubscribe to her for 10 per month or 100 per year. She says is a way for her to cut through what she calls the medias politically correct filter. It is all part of the tap network. Coming up, the New York Times calls on congress to act. The paper says it is time to legalize marijuana. Plus, joe takes his place among but had alltime greats to issue right after the ceremony and we will tell you why in a moment. Good morning. Heres a look at our Bloomberg Top headlines. The average American Family is poorer than it was 10 years ago thanks to the great recession. They average household is worth less than it was decades ago according to a new study. Mixed mcdonald has pulled its bid mac and all burgers on the menu. In china. Allsupplier recalled products made at a shanghai unit yesterday. The Packaging Company was caught relay bring relabeling old meet as fresh meat. And they admit they hired a oftar shell in the four yard a u. S. School. They say they were not responsible for the deaths of 16 children at a school. Footage shows the yard was empty at the time of the attack. It is 26 minutes past the hour. Bloomberg television is on the markets. Olivia sterns has much more as we are about an hour away from the open on this monday. Iq. In focuse for futures right now. We are today focusing on aluminum. Futures began trading and metal in may. Scott,e, ken hoffman and a. C. L. Itg am investments. At t g. M. Investments. It looks like the market has now actually seen a deficit area aluminum has an really interesting this year. A change from a big surplus to a destin to a deficit. A lot of producers have cut supply. Side, you have the ford f1 50 that will take around 250300,000 metric tons, which fits and about one month. Tell us a little bit about why the cme decided to trade the futures contract and any specifics about the contract itself. Certainly. The contract is interesting. And i buy aluminum actually want to take delivery, there are two parts of the charge. The parts that pay for aluminum, about . 88 per pound. To actually get that aluminum out of the warehouse and onto my truck, i have to pay a premium, a surcharge. The premium has said, this is not fair and what theyre doing is they put the . 88 together with their charge, . 16, saving yourself about four cents per pound, and they have a new contract around this. They hope the buyers of aluminum will switch over to the contract. If they do, traders will go where there is liquidity and the contract will be a home run. It could be a really good time for them to come out with this contract. The newyou think of contract and do you want to trade it and where are you placing bets on aluminum . Yes, we are really excited about it down here. We can make some headway. I agree with earlier comments that this is a perfect time to get involved. When we started trading year, it is starting to show weakness but if you are in terms of the july stayact, i want to alongside here with a tight stop around the 2350 area. It is a product a lot of customers have shown demand for. Credit risk. All of those things are even more important todays marketplace. Lets put the trade in laymans terms. If you buy aluminum futures and the prices up 10 and the total contract is up to hundred 50 in 25 metric tons, ken, i want to go back to you. We often hear the word remy moment talk about futures. Headlines recently have been that the premium for physical delivery is at record level highs. Premium when what it comes to alumina means. Sure. It has been around a long time. It is really getting the metal you own out of the warehouse with a shipping and handling charge. For decades, no one cared. For aluminum, a petty to account, it never mattered. Most of the warehouses were not making money. U. S. , you have one warehouse left. They all the sudden started raising the premium legalizing realizing it is a huge part of the cost of aluminum. That is why you saw the cme jump on this. Hopefully drive the premium down for consumers. Interesting. A new loan of futures Contract Trading at what might be a Pivotal Point for the price of the metal as it looks like the supply is finally running out of market. Thank you so much for joining us. Back to you, betty. The markets,bout were getting breaking news right now. Charging Lloyds Banking group and lloyds bank with manipulation. Manipulation in their letter leveraging fines. She peter cook has much more. This goes back to the libor controversy over the last couple of years. Banks accused of rigging the libor, the Interest Rate setting process. Bankregard to the london offered rate. Now Lloyds Banking group is settling with government regulators. The amount, 105 million according to the afp c. Me in thet clear to initial headlines is how much the total might be. There are also u. K. Regulators involved in there might be a separate site separate settlement with them. The u. S. Dollar amount, 105 million. Lloyds banking the biggest Mortgage Lender in the u. K. And tos is again the latest bank resolve some of these issues. Your call barclays from a few years ago also solving these issues. This is the libor controversy coming home to roost again if you will. There are others out there but Lloyds Banking group, the word is 105 million settlement. We will have more details as we dig it for into the settlement announcement. Let you dig more into the story for a moment. In the meantime, i want to get to olivia sterns, who has more on another piece of breaking news. We knew about this last week. It is confirmed zillow is buying truliaa death truly a 43. 5 billion dollars. Another merger here on monday morning. This will create by far the largest player in online real estate. The price is a 25 premium for zillows current ceo will stay on. Are lookings people for houses more and more online and are seeing it you to mount of companies trying to advertise online. The Business Model for the two companies are very similar. A lot of synergies. An analyst says these two have virtually identical models and paved the way for the two to become very profitable very qui