We will spare you the egg puns, but we will have caviar and cadbury, just in time for the holidays. It is time to play ask vladimir putin. Vladimir putin. [applause] this is not a game show. The russian president held a televised questionandanswer show. He took questions from a studio audience by computer and phone from places all over russia, including the newly annexed crimea. Heres a summary of what he had to say as told by our ryan chilcote. It is not up to russia and the west to resolve the crisis in ukraine. So much for these talks. He hopes he doesnt have to send troops into eastern ukraine. He also said he has the right to send russias military anywhere he wants. One final thing, remember how the kremlin insisted that during the crimea crisis, there were no Russian Forces in crimea. Today, he said actually, there were. Vladimir putin admits for the first time that troops in unmarked uniforms overtook crimea before its annexation. They were in fact soldiers from his country. Believe him when he says those arent russian soldiers in eastern ukraine. This is nonsense. There are no Russian Armed forces anywhere in the east of ukraine. There are no special services or instructors. All of these people are local citizens. The best proof is if people put off their masks. Whoever is in eastern ukraine, things are not getting any calmer there. Three prorussian militants died and others were wounded last night. Putin says ukraine is not having a dialogue with the eastern part of its own country. President obama hasnt spoken about this conflict in a couple days. What did he have to say . None of us think that somehow ukraine can ignore russia or should be hostile towards russia. We also dont think that ukraine saluld be a vessel vas state. What we have said consistently is, we are not going to see a military resolution to this problem. Ukraine is not a nato ally. We do have a stake in upholding basic International Norms and basic international rules. Our Nations Capital and her and chief on cbs last night. He doesnt want mr. Putin to forget about those sanctions. What i said consistently is each time russia takes these kind of steps that are designed to destabilize ukraine and violate their sovereignty, there are going to be consequences. What you have already seen is the russian economy weaker, capital fleeing out of russia. Mr. Putins decisions are not just bad for ukraine. Over the longterm, they are going to be bad for russia. The sanctions that russian ifs have scoffed at there were only a way for mr. Putin to show mr. Obama that he doesnt really care. Do you believe that increasing the effectiveness of intelligence for Law Enforcement investigations can justify a place in society rather than subjects under surveillance . Thank you. Wow. Edward snowden makes a cameo appearance. His question to the former kgb colonel, does his nation spy on its citizens like the u. S. Does . Mr. Putins answer, we do it, but we dont allow ourselves such a massive, out of control scale. He added, we dont have the necessary technical means and the funds as the u. S. Does. Our special services or under strict control by the government and society. Very interesting stuff. Putin taking the opportunity to dig into president obama. This cross media cold war taking place as two leaders at their top table mats set for another round of talks. Secretary of state john kerry and Russian Foreign minister Sergei Lavrov our meeting in geneva along with top foreign officials for the eu and ukraine. The decision on new sanctions will be made after the meeting. A list of potential targets has been prepared. It is basically putin and a gang that run ukraine. Some of these individuals get sanctioned. Particularly the heads of the large in oil companies. That would have an impact. We should be much more public in what we are doing in terms of the price we are costing the russian people. His own personal wealth. We want to make putin and his policies more of a story. He wont continue to ride this for ever. Vladimir putin enjoys a popularity rating of 75 . President obama in america, 48 . Lets talk cars. We have the latest from the new York Auto Show, including an up close look at the new rollsroyce. If youre more of a tesla fan, we will take you through the process of obtaining one. A lot different from buying any other kind of car out there. In motors, the new York Auto Show opens to the public tomorrow. I wrapped up my tour of the show room floor. One of the coolest new vehicles is from an old name. Rollsroyce. They unveiled a significant update to its popular ghost model. The companys north american director walked me through whats new with the second edition of the luxury sedan. It certainly has all the technological advances that you would expect in a car like this. Such as the satellite aided Transmission System which was first introduced on the wraith. It has got a Bespoke Audio system. A stunning sound system within this car. It certainly has all of that. The technology you want to open the suicide doors . When we have the spirit of ecstasy rotary control, that now has the pinch and drag Technology Like in your smart phone. You can move yourself around and the Navigation System and write letters on that. Let me ask i feel like the bmw i drive system is the most advanced infotainment control in the industry. Is it based on that . We can share the technological underpinnings on things. This is all rollsroyce. When you get into that spirit of ecstasy controller and write with your fingertip and use all of that technology, it is exactly what a rollsroyce customer would expect. I always expect an umbrella in the door. Of course, with every rollsroyce you look at that. You will get that. You can roll it back up and not have to worry about mold. Mercedesbenz is rolling out a new luxury supercar. I spoke with the u. S. Ceo about the new addition to the s class. It is the crowning achievement for the amg brand. It is coming later this year. To me it is the perfect intersection of beauty, intelligence and raw performance. Withrive in perfect style a car, probably the most beautiful asked class we have ever put in the road enjoy a number of amenities like hot stone massage and aromatherapy in the car while hurtling from zero to 60 in 3. 9 seconds. You could argue about the sauty of this versus previous classes, but you cant argue with the technology of this vehicle. It could drive itself but you would never want to let it. It has got a stereoscopic camera, long and shortrange radar that senses the vehicles position in space and allows the vehicle to react when the human isnt reacting fast enough. Weekend attack pedestrians and crosswalks we can detect pedestrians in crosswalks. That is a level of intelligence that is almost on a trajectory towards autonomous driving. There is now a special channel for the new York Auto Show on mobile and connected tv. It is on bloomberg plus for ipad, mobile web, apple db and amazon fire tv. I recommend going there because you will see a lot of my content. Starting this week, you can no longer buy a tesla from one of the automaker stores in new jersey. The garden state is the fifth to ban direct tesla sales, saying the company infringes on auto franchise laws. You can still buy a tesla here in new york. Heres how. Most people go to a dealership when they are shopping for a new car. If you want a tesla, you head to the mall. Welcome to our tesla showroom. The tesla store in westchester sits between Lily Pulitzer and nordstrom. The beauty of the stores is that many people have sought them before coming in. They have done their research. They are folks were shopping at nordstroms were picking up a new handbag who arent as familiar with tesla. They see the beautiful car in the shop and are compelled to come in. The real reason they set up shop at your local mall is because it would be expensive to build a National Chain of dealerships. Just like at a dealership, you could take a test drive before you commit to what is likely to be a sixfigure purchase. Lets take a ride. The tester teslas are kept in the malls parking garage. You get to drive them on the open road. Thats insane. Its like a spaceship. Theres no sound. I am super impressed with the pickup. We can waste this mustang right now if we want. Then it was back to the store to configure my dream tesla. You wanted to max out your car so we have a button for that. For those who would like everything included. My car cost just north of 130,000. Butttle out of my budget next time i get a raise, i will be back. It takes about three months to custom build a car. You design your vehicle in the store and then go to a Service Center to pick up. Not at the mall . Not at the mall. We have folks who can walk you through the car, how to charge it and clean it. You can always buy a tesla online. You can even use paypal to pay for it. I spoke with the president of the new Jersey Coalition of automative retailers. It was a lively debate. They have lots of options in new jersey for retailing cars. Im puzzled by the obsession in the media with making a victim out of tesla. Tesla is not a victim. They are a victim of their own bad decisionmaking to enter new jersey and a number of other states where direct retailing is specifically prohibited. Now they find themselves in this fire drill. It is a problem of their own making. There are lots of ways for them to go to market in the state of new jersey and elsewhere. You said it. This is america. It is supposed to be a free country. What is the problem with a manufacturer making a product and selling it to a customer who is willing to buy from them directly . Framing it as tesla has a Consumer Choice issue ignores the bigger, more important question of consumer protection. These laws arent in place to protect dealers these laws are in place to protect consumers. The statute in new jersey that has been there for the last decade or more provides important consumer protections. First and foremost, insures competition. Secondly, we dont place the fox in charge of the chicken coop when it comes to safety and warranty issues. He is only worried about the consumers, not the dealers he represents. You can watch my full show on bloomberg. Com tv or on any of our mobile apps. Still ahead, big earnings out today. Goldman sachs and Morgan Stanley. We will break it down in company. It has not been a rising tide that raises all boats. Why income inequality is a real problem in nation. In nation, it is the issue that has been on the forefront of national discussion. What president obama has called the defining challenge of our time. Im talking about income inequality. Do we have to have levels of inequality that are getting close to being the highest levels ever anywhere . We are starting to set new records here. That was Nobel Laureate paul krugman. Recently took a job at the City University of new york to work and to study center. We sat down with him and discussed the issue. There is zero evidence that the kind of extreme inequality that we have is good for economic growth. There is a lot of evidence that its bad for economic growth. Since inequality began soaring around 1980, the bottom half of america has been left behind. It has not been a rising tide that raised all boats. The political history of geopolitics, how does this get solved . American history is very encouraging. In america, we have leadership and people from the affluent classes themselves who said, this is too much. If we could have modern politicians speaking about the danger of high concentration of wealth as Teddy Roosevelt did in 1910, we would be a long way towards having a good solution to this. I believe that america has a tremendous capacity and ability to take a look and say, what are our ideals . We dont have to become this oligarchy that we are drifting towards at the moment. Is this a gilded age that we live in now . More than a gilded age. We are at gilded age levels of inequality now and we are heading beyond. An era of not just great inequality, but inherited inequality. If people understand that, they will say, we dont want that to happen and we can do things that are not draconian, not socialist, but in the american tradition. The question is, what is the main problem with this economy . The basic problem is that there are not enough jobs. Given that, employers get to be picky. Who do we want to offer jobs . Preferably somebody who already has one or who just lost a job recently. Have you seen longterm and employment anything like this in your career . This is a new thing for almost everybody. People who remember this were children when they last saw. Is your greatest anger that the longterm unemployed dont have a voice in washington . I amere are many things angry about that that is one of them. We have millions of people weapon rolled out of the discussion. We try to do things to make it more political but people need more jobs so employers have an incentive to go out and look for all people even if they are not people who already have jobs. What level do you see as the proper amount of growth that we need to begin to really solve our labor challenges . We have slack in the economy. I think we still have 5 or 6 slack in the economy. We should be growing you should be growing several points above the longrun growth rates. We should be having five Percent Economic Growth at this point. So, when we look and say, great, weve hit 2. 5 , that shows how accustomed we have become too dismal conditions. While researching the problem of income inequality, mr. Krugm an will earn a salary quadruple the times of the average new york household income. Im sure he is very charitable and thinks about these issues a lot. From academics to the corner office, Richard Levin wants to give Higher Education to the world. But first, it is not called black gold for nothing. How britains only caviar maker is ruffling feathers in the industry. This is lunch money on bloomberg television. Fully digital. We are online and on mobile. Apple tv, amazon fire tv. You name it, where they. Im matt miller. Todays moving pictures, where the video is the story. Rough waters are slowing the search for survivors of the crash. Orean ferry nine are confirmed dead. There are still more than 280 missing. The south korean president visited the site of the disaster. The nation possibly are met angry shouts and wailing from relatives of those missing. The ships captain and crew are under investigation. Next up is the indian ocean where the unmanned submarine completed its first full mission in search of the missing flight 370. The summaries first two attempts were cut short due to technical problems. Third time was a charm as the vessel combed through 35 square miles of ocean floor. In the area have to size of brooklyn. That data is now being analyzed. In savanna, a story about the time when the horse ran away with the cart and the family still inside. The noble steed got spooked. The family was uninjured. In company, google is finding it harder to keep up with advertising shift to mobile. The search giant reported First Quarter revenue of 12. 2 billion, up 11 . Expenses were up as well. 23 in the quarter and more than 11 million. 11 billion. Google has been on an acquisition spree. Mostly recently buying titan aerospace. Goldman sachs and Morgan Stanley also reported earnings today. Shares of both Companies Soaring after they beat analyst estimates on top and bottomline reports. For goldman, it was by a wide margin. Bill cohen weighed in on surveillance. Never count Goldman Sachs out. They know how to make money. You have the beautiful chapter where they are having an egg salad sandwich in some diner somewhere. Are they still having egg salad sandwiches . They have their feet on the ground depending on where the markets are. For the first time in a long time, an interesting dynamic where Morgan Stanley has a different strategy. They are doing well. With these numbers, Goldman Sachs, who you would have thought in this trading environment would have a tough time, im not sure quite how they beat estimates, but they are beating them. This is a tough trade environment for them to figure out how to make money. Part of that is the legendary Goldman Sachs cost reduction. They decreased staff by 1 here. Trading accounts for 60 of revenues at Goldman Sachs. You know these Companies Better than anybody. 30 seconds what does goldman consistently do right . They go from the bottom down. They empower people at the bottom of the food chain to filter information up throughout the organization in a way that smart people at the top can really benefit from. General electric posted First Quarter earnings that beat estimates. Helped by spending margins in its industrial businesses. The ceo has said he wants industrial units to account for 70 of ges earnings up from 53 last year. Pepsico reported a 13 jump in firstquarter profits, beating analyst estimates. Organic revenue up about four percent. Soft drink volume in the u. S. Is declining overall. Betty liu spoke with the companys cfo this morning. The good news for us is, we really do have the best noncarbonated portfolio in all of north america. As consumers shift from diet to noncarbs, that benefits us. Wouldnt noncarbs volume be higher than two percent . No. I think right now you have a category that is going to grow probably in the 0 1 over a longer time. Noncarbs will show up, outperforming the category. That is reflective of the migration from carbs to noncarbs. From the company to the ceo, yaleormer president of talks about his new mission. Going from small to big, we will tell you the story of goal zero. A money burning nonprofit that is now one of americas fastestgrowing companies. This is lunch money on bloomberg television. Streaming live pretty much everywhere online. On your phone, on your tablet, on apple tv, on amazon fire. We are there. Im matt miller, in for adam johnson. The problem and the solution. We will start with Richard Levin who has faced his share of challenges. He was president of yale for 20 years. One of the first to try Online Education back when the internet was just getting popular. Levin is taking another crack at it. Hes the ceo of an Online Education company that partners with major universities to offer classes that anyone on the planet can take for free. He went down the long and bumpy road with charlie rose. When we started in 2000 with stanford and oxford, we thought our market was our own alumni. We narrow cast then we opened it to the public and the bandwidth was not there. This is still an era in which your videos are jerking around. It had that problem. We did not have the right model for making it work. We did not have the high degree of interactivity. You watched a lecturer give a lecture and maybe there was some visuals, but that was it. The next thing we did was open yale courses that were great. But few people watched and were streaming in. The materials from the course were distributed but there were no quizzes or exercises. What we have done is recognized that we have the greater bandwidth and we can support lots of people online and once. Taking quizzes, reacting to the material, getting feedback. Having professors look at the data and improve their courses with constant feedback. Course era is huge. Stanford, princeton, university of michigan, all partners. More than 7 Million People have taken courses in its two years in business. Bottom line, it definitely has realworld impact. Its giving opportunity to people. It is getting People Better jobs and a new life. We have a woman in bangladesh who was a product involved in an abusive relationship with her husband. She escaped from her situation and a friend of hers and herself decided to start a bakery. She went online, took an accounting course, a marketing course and how to run is smallbusiness course and she is now running a successful bakery enterprise. It gave her a life. A young man in africa could not get a good job. He took an accounting course and got a job at kpmg. I know one entrepreneur who is paying his engineers 1000 each to take a stanford course in Machine Learning so they can improve their skills. Clearly it has a place in the employment market. Then we have courses like the penn course in modern poetry. You can watch levins full interview tonight on charlie rose at 8 00 p. M. Large companies are not the only ones with problems. We take you inside the Small Companies facing big challenges in order to grow. Goal zero started as a nonprofit with a mission to bring power to africa. Big heart, but no money. Back to the drawing board. Today, they are the ninth fastestgrowing company in america. The ceo explains how he turbocharged the money burning charity into a solar energy giant. Hole zero goal zero is a world leader in portable solar products. We power your cell phone, tablet, laptops off the sun. We charge phones everywhere from the himalayas to disneyland. Our vision is to put power in the hands of every human. When i first joined goal zero, i was thinking, this is the coolest place to work. Then it hit me. Is this a business or a hobby . Were spending a lot of money. Millions of dollars. We do read we really didnt know where our product belonged. Do they belong in africa, outdoors, emergency . We didnt know. We were desperately searching for a customer. The earthquake hit in haiti. I called and said that these folks in haiti needed it. Lets donate it. This humanitarian group loaded up 747s, flew the products down to haiti and two weeks later they called and said, we will take everything you have in your warehouse. There might be an opportunity here in the emergency market. So that is where we decided to focus. We identified costco as the premier place for people to gear up in case of emergency. That really rocketed the business. Last year, goal zero was recognized as the ninth fastestgrowing company in the country. I dont think we will ever be satisfied we are growing the teams that make that happen. Next week on small to big, the company that makes sunglasses for babies and kids. They are durable but if they break, they send you a replacement pair if you break them. Sounds like a good model. Our next small to big. Up next, clashing over caviar. The british firm thats muscling in on the industry. For those who prefer savory to sweet, we will take a look at the business behind cadbury creme eggs. Wait, it is for those who prefer sweet to savory. Cadbury. Made in the u. K. Britains only caviar maker shaking up the industry while winning over some of the countrys top chefs. Angus bennett takes us inside. Ning is the coowner of the uks only caviar maker. He likes to get up close and personal with the product. Here in southwest england, he helps grow fish which produce the delicacy known as black gold. This is a mature sturgeon. It is his meal ticket. He is been selling caviar for over a decade. It was a mixture of luck and good fortune that he met ornamental fish growers george noble and his father. To start a farm like this would cost a lot of money. We were lucky to meet them. The unlikely pairing of a london caviar man and the fish farmers worked. Exmoor caviar was born, but this is no flash in the pan success story. It took 810 years to grow the sturgeons. It will take time. This is the small and immaculately clean room used to harvest the caviar from sturgeon. The fish eggs are cut out, washed, salted and thats it. The quick process for a food which will put a serious hole in your wallet. 1500 pounds. The european caviar market is closely guarded. When they announced they would make the delicacy in the u. K. , it ruffled feathers. It was once called a flybynight. We have been called a lot worse. Ys exmoor was accused of breaching production standards. They have found no fault and his caviar is favored by some of the uks top chefs. This is british caviar produced with cornish sea salt and farm here in devon. It is a unique product. Chefs like new products. It is not easter unless there are cadbury creme eggs. One of the bestselling holiday products. What does it take to make the gooey delight . Easter is an incredibly exciting time. Its a very important time for us because its one of the biggest selling seasons. We need to get easter right. We are making 47 million easter eggs. We have about 30 of the chocolate market. At easter time, we have 50 . The bestseller for us is the cadbury creme filled eggs. We make one million every single day. The creme egg is a solid milk chocolate and inside that you have white fondant. A bit of yellow fondant as well to replicate what an egg looks like. You slam together the two in a book mold. Most of it is automated. The easter eggs you will be eating and enjoying this easter season were made in the last few weeks. They could have been made in the last few months as well. Here we are at the easter of 2014. Easter 2015 is put to bed in terms of planning. We are now working on easter 2016. A lot of people think the creme egg is sold yearround. It isnt. It is a ray of sunshine in the dark days of winter. Here in america, it is not easter without peeps. The little yellow chicks have been around for 60 years. Catch the interview with the Candy Company president on taking stock tonight. It is coming up on 56 past the hour. Bloomberg television is on the markets. I am julie hyman. Lets get you caught up on where stocks ended the session. On an up note. Except for the Dow Jones Industrial average. Overall, we saw gains today after a little changed session. Earlier it seems like some of the earnings winners won out by the end of the session. We saw an increase of about 1. 7 on the week. In terms of the Bigger Picture things that folks were watching, attention tensions easing in ukraine. Janet yellen reinforcing the Central Banks commitment to support the economy. For more on the markets and whether we are going to continue to see a rally, i am joined by al sherman, chief market analyst. And you look at this week the bumpy market that we have seen recently, is there any cause to think that we are through it or are we still going to see that choppiness that has characterized the past few weeks . I think the fed is still in charge here. Last month they came out and made their hawkish statement that we might see an Interest Rate rise in six months. It spooked the market. This week they were very clear to retract that. That put yellen back in play. What we saw today in the bond market is a really telling tale. We had to bang minor pieces of economic data, some manufacturing data and Employment Data that were both stronger. We saw a significant selloff in the bond market. What i attribute that to is yellens statement that from now on, fed policy is going to be data dependent. I think we all know that each individual data point is subject to a lot of error. We saw 103 different the word times in03 different the fed statement. I think we are making a real error if we look at every single data point. Those people are going to keep on looking at those data points. Overall, if you look at where the vix has gone, we have seen it come back down. That would seem to support further rally even if it is going to be a choppy one. Last time i was on with you, we spoke about the vix. We have seen seven individual stairstep moves up in this rally. We may have just started the eighth. In this last down move, the market moved down 4. 2 . The vix only moved up to 17. Prior to that we have seen a 2. 5 and the one before that was 5. 4 . We had a very muted spike in the vix. It really fell down hard and fast. As we spoke about last time, every time the vix gets down into the 12 handbook, we get a selloff in the market. We are nearing that again. We may yet see a pullback. I am still bullish overall in the market. I think it is going to lead to more choppiness ahead. It seems like a range. We fall down to that certain lever and stocks selloff. Then we rally back up. Have had a little crack in the facade of the bull market on a technical basis. We have had a few minor lower highs and lower lows of late which we havent seen in this entire last year. They do look to be somewhat minor. The bullish trend seems to be in place. If we get under 1800, we have a different picture. Al sherbin thank you so much. For on the markets, i am julie hyman