President randy levine on opening day. Lets kick it off with what everyone is talking about. Gm cannot seem to catch a break. Gm recalls more than one million more cars. Headed to the t, they ignored defects. Oh, yeah. Make that about 7 million. That is the total number of cars that gm has recalled the First Quarter of this year. Saturn,y malibu, the and the g six. The recall adds to the one in 2010, which includes the chevy cobalt. The recall, also in a recall a decade in the making. Mary barrow will reportedly make sense of this in her testimony on capitol hill later today. We are going to have more on the story coming up in lunch money. Here is the thing. Gm recalls are not the only thing washington is worried about. The fbi is investigating whether highfrequency trading firms break the law. Are they at nonnonpublic information to gain an edge . There is certainly a question about timing here. Michael lewis is trying to sell his book right now on flash trading. The book shows off a multiyear investigation. Michael lewis was on 60 minutes over the weekend, laming the u. S. Stock markets are rigged because of highfrequency traders. Theay not be that he is only one ringing highfrequency trading to the four. Eric schneiderman announced on his own that there is an investigation. This was a few weeks ago. He spoke with Market Makers yesterday. Trading ofquency securities produces liquidity. Front running the market is bad. If you can get information and Michael Lewis talks about this, someone is dumping a lot of he used a microsoft as an example. He had the ability to know that just a few seconds before people could execute the trades . The other piece of this that we have to look at is the race for speed that is inherently dangerous. It leads to people taking more chances to get an advantage. Trying to get an edge. Eric schneiderman. There is all this concern that the little guys getting hurt in the highfrequency freeforall. Here is our discussion on surveillance. View is that the amount of information they have collected has gone down to about one billion. There are pink slips all over the place. Is getting bigger, the investors, hedge funds. In his book iss talking about highfrequency trading from a number of years ago. Story is less profitable. Do you agree . Absolutely. As i said, roughly 1 7 as profitable as it was in 2009. Is that a function of the fact that assets have come down so tightly that you are playing for fractions . Certainly the assets have come down a little bit. It came down more before 2009, but it has a lot to do with volatility, reduced volume, and brokers doing a better job. Within the conversation we want to give you the view. Leon cooperman from about two years ago. Is based on forprofit exchanges, dark markets, and automated Market Makers. The structured experiment has failed unless something changes. Then, jump forward to what we saw from matthew levine. There we got a whole different story. We have seen that here in the last couple of days. The alternative Michael Lewis story, smart young whippersnappers building up firms that undercut the banks. Making the same comment this morning in the new york times. Is this goliath versus goliath . Just about forprofit exchanges . I do not even think it is forprofit exchanges. At new york and the Derivatives Exchange in london. They are trying to figure out how to reduce it. Public good, private years ago, now the forprofit institutions did not use what he is writing about . Certainly the exchange in greater volume is absolutely true. More business. But if you look at the exchanges that are really profitable, it is the file 01. The ones that are trading and clearing aligned. That is not the equities model. The equities exchanges have just declined in value. They are trying to survive. There is a direct combining each other. The backdrop told Scott Galloway that there is a lot of psychological damage from the financial crisis over the last 12 years. Believe that the game is rigged. They feel like it is. Financial markets come down to trust. The interesting point that you made was confidence in the stock market, the bottom 50 of households had only eight cents of stocks. The thing that drives households is real estate prices, not stock prices. On thelly, one more item washington agenda, the obama open enrollment deadline came and went yesterday, the same way that it finished, up and down because of the people trying to get coverage before the deadline. Megan hughes gives us the timeline. Healthcare. Gov even launched, testing showed big problems. Crashing 1100 users before stress tests. They number one, only six people enrolled. They number 2, 248. Thousands were left idling in a virtual waiting room. The white house noted eight point 6 Million People visiting in the first three days, but signing up was another story. The white house announced an ,mergency Technology Surge firing their main contractor, promoting another. By the end of the month only 106,000 had signed up. Well behind the governments target. Most of those signups came from state run exchanges. By the end of the year, obamacare enrollment rallied. AndMillion People enrolled, through february the number jumped to 4. 2 million, leading into the final march push to sign up. Last week the president on a Conference Call announced a milestone. Enrollment had hit 6 million. Megan hughes, bloomberg, washington. In motors, Auto Companies release their sales figures. Going to hear from bob nardelli and his thoughts on on the gm ceo, mary barra. Finally, trading in case there is a russian attack. Here is a look at what they saw on yorkie avenue. Near key avenue near key kiev. This is lunch money. We are streaming live on bloomberg. Com, your tablet, and your smart phone. Motors, auto sales figures, they are out today. Chrysler, topping estimates as a fall in the weather brought buyers back to showrooms. Gm delayed the release of the march sales figures this morning , citing a computer issue, expanding their recall, over 6 million cars now. Today mary barra testifies before congress. One man who has been in the hot bob, testifying for times, nardelli, former chrysler ceo. He talked about what it was like with betty liu this morning. When we were there going through the hearings, it really was a Conference Room with a dozen or so five inch binders, going through every document, every email, everything that was turned over to the congressional committees so that you knew you were going to get drilled. They had armies of people going through their looking for questions to try to trip you up. Mary has taken a very positive ward step, creating meeting with the families, going to the Vice President s office. She has openly look at the number of documents that have been turned over. This is a critical moment for a new ceo. He also weighed in on the statebystate battle expanding tesla sales in the u. S. Again, i have early for automobile dealers . In his approach. If you think about arizona, traveling to california they banned it. You could not buy it. In california he puts his modest 40,000 down payment on to hold the slot. The car is then delivered to him in a flatbed. A technician spends one hour with him going through how to operate it. Fast forward a few months. The technician calls and says that your 12 volt battery is not functioning appropriately. We will be there to change it. If you think about that youre a big data, certainly tesla is market focused, customer centric in what they are trying to do. It is almost like they have built a customer for life with that kind of service. It is for life. You could only dream of that with the gm car. If you think about the Business Models that we have here, certainly jack has tried this before. In manufacturing as and oe, youre looking for volume to absorb your fixed overhead. Would love to have the margin that you get out of parts and service from used cars. There was always that little bit of tension. Certainly, if you think about the dealers and their franchise agreements, statebystate, they are a tremendous legacy. They are highly regarded in the state and it will be tough. They are very powerful. I think that the dealers are approaching this appropriately via avoiding a massive fight where they might lose everything , they want to compromise and see what they can get done. Elon musk as a big trump card. I will build a battery plant somewhere. I am going to do it in a friendly state. Pricey cars to pricey keychain magnets, teachers incorporating technology, coming up. It again. At they are also putting others in to action. April fools pranks, coming up next. Look at this. The Worlds Largest ferris wheel. It just opened in las vegas. It is carl the highroller it is called the highroller. This is lunch money, on Bloomberg Television, streaming live online on your smart phone and bloomberg. Com. April 1, a day when businesses and pranksters unite. Google has owned its tradition, starting back in 2000 with the mental plaques. Why did i not think of those products . Seriously, only the brightest minds in the world could innovate and spend all of that money on ideas. Here is what they came up with this year. At google, we seek to hire the most exceptional people. Today, we are announcing a new job with a new challenge. Master. That was alright. I like to google knows better. Lets give april fools one more shot. Eyes,mile, a roll of the it can say sorry, not sorry. If someone were able to explicitly say i am mocking you . That would make my life more efficient. That is what emojis do. We are proud to announce translate support for emoji. You the it gives context with articulate and meaningful symbols. Of funny. Kind i always wondered what a shy snowman look like. Earlier this year, they brought Richard Branson along. To be part ofke the newest breakthrough. I have partnered with the Wonderful Company that allows guests to control their own personal climates at 35,000 feet. We are focused on creating simple, personal, intuitive user experiences in your home. We have created a new interface called total temperature control. Every passenger will be able to customize their temperature in their seating area. It seems like a nobrainer that each seat should have its own temperature control. Lets say you like to feel you are in a tropical paradise. Afternoonect cancun and soak it all in. Or if you run a little hot, like me, and desire a cooler ride, that is no problem, select chicago polar vortex. Feel the chill. It. Ailed Richard Branson looks so relaxed. Who else is looking for april fools love . We spend about three hours per week stuck in traffic. This is about community and bringing people together, working for common goal. We said hey, why not make it more personal . This is how we came up with the future. I was not a i was a big fan a big fan of honking. But it only gets you so far. When i was rated testing, i to this . As it come whatever you can get, man. Really struggling . You can always try the latest fragrance. Powerful with plenty of bite. A whiff of pungent desire. Youre sharp, stinking lust will cloud the aged cheddar. A fermented passion. The smell of hunger. Unexpected, yet undeniable. Does, cheeto, dangerously cheesy. Happy april fools day. Grease, what is the company doing with the economic recovery . Athens is next. Later, the debate continues with Michael Mckee and the president of the new york yankees, coming up in sports. It is 26 minutes after the hour, meaning that bloomberg is on the markets. Look at where stocks are trading today, there is a rally going on. An intradaytouched basis record after we got data on manufacturing earlier that came in better than estimated. In terms of the individuals we are watching, hewlettpackard agreed to settle a shareholder lawsuit for 57 million with a suit claiming that the former ceo made misleading statements about the company before he was fired over two years ago. We will have more in a few minutes. More lunch money is next. This is lunch money. Streaming live on bloomberg. Com, your tablet, and your smart phone. Todays moving pictures, video is the story. More violence in venezuela. Government activists set fires in the city of san crystal ball. The used tear gas and Armored Vehicles to destroy barricades, trying to regain control of the control the street. Days of heavy rain, wind, and hail have flooded parts of the province of southern china. Least 11 deaths have been reported. Severe weather has been forecast through the end of this week. A mosaic floor is unveiled in israel. It is believed to have come from a sixth century byzantine monastery discovered by accident. Found earlier this year, it features of depictions of animals as well as geometric designs. It will alternately be relocated to a museum or some sort of visitor center. European finance ministers are meeting in athens to decide on the next bailout payment increase. We spoke with the countrys finance minister to ask if economic recovery is on track. We are in a good position to feel confident in the premise. We are going to have the best possible results. You say that, maybe outside investors say that, but what about the unemployed man in the street who is relying upon his grandmothers pension to get by . Stop that crisis from turning into a crisis for the economy . You have raised an important issue. From the moment that conditions start to improve, the moment that people feel it in their pockets, there is a time lag. This is an important time lag for the argument has to be presented clearly to the people. Here we should talk openly to people, we should not let populism step in. We should explain that greece has done so much so that the country can be saved. Of the necessary adjustments have already been received. Substantial adjustments are in place. Now we can attend to the future. David also spoke with the former prime minister, george papandreou. Output grease needs to do to keep moving forward. We need to create a much more vibrant and strong system that will allow for transparency. Also development. Plex do you think the Current Coalition can do that . If the Current Coalition moves forward on this, they will garner the wider support of society. Coalitionthat this can do that if they move in that direction. Are you just talking about execution . I would say execution, but there are other issues that i believe are necessary, like revamping the political system from revamping the political system has been one of the priorities. Greece has Great Potential and is a great investment opportunity. The sphere of political instability is overblown. Are rumors in the street that you are planning to step down and start your own political party. That there is only one growth industry in athens right now, political parties. Can you categorically say you are not doing that . They are simply rumors i think april fools day is very dangerous. One more thing that could potentially help to spur the greek economic recovery . Startup incubators. I note is not something that you would normally associate with diplomats, but apparently when the dutch ambassador arrived, he saw opportunity. What is this . An incubator for young entrepreneurs. 60 young evil from greece and holland have learned how to set up a business. But what of the mission of the Dutch Embassy . Where did you get the idea from . Thee are doing this as embassy, but together with a number of universities and greek companies. Why . We think one of the big challenges is to do something about youth unemployment that might be the cause of a lost generation in greece if you dont do anything about it. If you dont try to do something we have a flourishing an interesting start up community these days. What was the reaction when you came up with the orange grove idea . I would imagine that a lot of people in greece would look towards the netherlands. This is true. There are some Strong Negative judgments nowadays. But there is also a reason to do this, we want to show that it pays off to collaborate. That we want to be positively engaged in a country like greece. That worked pretty well. We have had positive reactions. People like it. They say you are trying to do positive things. Most of the startups coming in here, what do we see . All kinds. There are also the people who work in tourism and agriculture. Innovation is happening everywhere. Even in school. Maybe especially in school. We will take you inside the classroom of the future. Plus we will talk about stadiums and salaries with the president of the new york yankees. This is lunch money. We are also streaming live on bloomberg. Com, your tablet, and your smart phone. Remember flashcards . Cursive writing . Pencil sharpeners . Todays schools have none of those. A highly trained teacher. I need someone to read these taking questions. Laptops loaded with education software. And 36 students rotating through three activities. You will have a new way to teach kids. It is called blended learning. Here in los angeles, veronica uses it to introduce her ninth graders to romeo and juliet. What did romeo do . What is he referring to . Students are cut into groups of 12. And a class of 12 can be much easier. A student can get the same information three different ways. While she teaches a lesson another group uses their laptops for collaborative work. You are supposed to be collaborating, working together. Others work independently using software that adapts to the reading level. The schools just get bigger as you go through the grades. The questions are more complex. You learn how to become a better reader. What does blended learning allow you to do at classroom that you could not do before . This model forces you as a teacher to structure your classroom in such a way that no kid falls by the wayside. Technology helps to keep these Digital Natives on the right track. Ofi wonder about a couple things. The principal uses it to keep an eye on her students. Here come all of his students from his class. I would say the same thing. Science . Like this is true, but this is a flash class and this person is watching insects and arachnids. I can click on that and send a message. Are you supposed to be watching this video . Who is from. See, th