Global growth report. And a look at acquiring time warner cable. Lets begin with Phil Mattingly and president obamas executive order on exec on equal pay. Forward, they do going and more important, will it move the needle at all yeah president obama at sign at all . Resident obama signed two executive orders today. Comeayday to will only from federal contractors. If you shine a light on this data, you will be able to find it there, any disparities between men and women. However, for it to apply to a wider range, they will need congress. And once again, republicans are not in the mood to get along with democrats here, something obama addressed directly in his press conference today. If republicans in Congress Want to prove me wrong, if they want to show that they do, in fact, care about women being paid the same as men, then show me. They can start tomorrow. They can join us in this, the 21st century [laughter] and vote yes on the paycheck fairness act. [applause] humor both a little there, and a challenge there from the president. Senate democrats are excited to push this legislation forward with votes as soon as tomorrow. And as we heard from the president , republicans are not onboard with the senate bill. They push back against the white house executive actions. Why . Clicks it is both poetics and policy. And it is both politics policy. Mitch mcconnell made it clear that democrats are only pursuing this because it is beneficial for them. Iny will need their votes november. And House Republicans have been very clear. They believe when you try to attach federal regulation to pay issues, all youre doing is setting up more costly litigation and starting to tie the hands of rep of employers. They fully plan on standing in the way in the next couple of days. Phil mattingly joining us. Thank you very much. Lets get you to breaking news we have right now. The Chicago Mercantile Exchange am a the cme, says due to technical issues, it is halting some futures and some options. They made those comments on the website today. Again, technical issues halting some futures and options at the cme. We will continue to follow this breaking news and bring you details as soon as we get them. Comcast is making the case in washington for its proposed 45 billion takeover of time warner. In a filing with the federal Communications Commission today, the company spells out what it sees as the benefit for consumers in that deal, while challenging criticism of the proposed merger. Is following that story. The filing comes just ahead of the first congressional hearing into that deal. But that is right. It could be that is right. It could be as many as four hearings. The first one is happening in the senate tomorrow. Comcast has a lot on the line. In its sec filing today, the Company Making the case for combining the number one and number two Cable Companies in the country is in the Public Interest and will provide unique benefits for both consumers and businesses. They need to win the approval of both the sec and the Justice Department to have us move forward. Decide if it is in the Public Interest. The company has tried to address those of those issues in its 600 plus page filing. Among other things, comcast argues it does not compete with time warner in any market, in either cable or broadband, in the country. It is pledging its subscribers that he will not ensure it will not control more than one third of the cable market in the country. And it promises to abide by neutrality rules and treat all equal full equally. Theyconference call today, said consumers would be the big winners. We expect a rigorous review. We expect tough questions from members of congress. We have had them in our previous deals. It is our goal to work hard to demonstrate the significant benefits that are offered by this transaction and to tell the that consumers can expect to be better off as a result of a combination of comcast and time warner cable. But critics are ready to have theres day as well, and the prospect for a fight is one reason why shares of both of the companies have been down since this deal was first announced in february. The senatee before Judiciary Committee again tomorrow. They will have the chance to offer their say on the combination. What are the criticisms we are likely to hear tomorrow . Tofirst off, they are likely run into hot water over problems with comcast controlling the broadband is this, not so much the cable business. The combined company will control about 40 of the broadband market. That is too much, say some of its critics. And another thing to watch closely is content, whether comcast will give preference to its own programming over competitors. One example is there is an aspiring golf network to be competitive with the golf channel that is owned by comcast. That is one issue to watch. At the end of the day, comcast is confident in steel and that it will pass regulatory muster. In this deal and that it will pass for tottori muster. And how tough will the conditions be . Will it be so tough that Companies May want to walk away . Peter cook, thank you. We have more breaking news as part of our latin america coverage. Intel announcing that it will shut its costa rica Test Facility and cut 1500 jobs at that site. Intel says it is consolidating assembly and test operations. Boon togy should be a education, giving educators new tools and better outcomes. But for a handful of forprofit companies, a turn toward technology has meant big profits, but disastrous results for thousands of students. Spent weeks has poring through the hundreds of pages of legal don documents and has come up with the idea that not all Technology Driven change has been good for education. You have found, at least looking through some of these documents, that education results are worse online. Why has tech not made things better . Been an interesting tour that has largely gone unreported. Forprofit Companies Made a big shift around 2006 to move more and more of their operations online as the markets they were selling their education into were getting full of competitors and it was getting more and more expensive to acquire new students. A start going online and one of the results has been a very efferent outcome. Different outcome. They do not always report results because they do not always look so good. That a thatsense found the actual results for , the failure to to get a degree was as bad as it was for the forprofit campuses duchennes. The online institutions found 64 of the students were unable to finish the degree the school intended them to get. To medically worse than the already bad results for the campus forprofit education. What are they doing about this . Very little. A handful of states attorneys general are taking a look about a look at this. Theyre doing an investigation of five of the schools. Listen tochools what the Kentucky Attorney general had to say. We want to make sure there is no false advertising in terms of selling a product. In the realm of education, this is a product. Peopleboiler rooms where are engaged in telemarketing. They are paying lead Generation Companies and tracking out any particular lead that they can. They are making telemarketing calls and when they get someone on the hook, they are spending a terminus amount of money to train the recruiters to get someone to sign up today. And once they inked the papers on those federal student loans, they are hooked. They cannot charge discharge those in bankruptcy. 64 of you have 46 to the students not even completing their degrees, and then you see the tuition money, where students are often borrowing the money and putting that toward tuition, and one quarter of the tuition going to mocking students to acquire other students as opposed to the excellent education going to acquiring more students as opposed to excellent education. The Kentucky Attorney general is looking at for companies. Defend their graduation rates, saying they were similar to what other schools were doing. But the financial expenses of these companies and the great expense of marketing is certain to raise some eyebrows, particularly when you look at the fact that they are moving to online to get lower costs, and the results for the students appear to sometimes be locked a lot worse. Cory johnson, thanks. And remember, for all things tech, but tune into bloomberg west twice each day. Only on bloomberg. Coming up, a global outlook. We will get reaction to the International Monetary funds World Economic outlook. Us in just a joins moment. Welcome back. This is bottom line on Bloomberg Television. Im Mark Crumpton. To washington where the International Monetary fund cut its Global Growth forecast in his newly released World Economic outlook report. My colleague, yang yang, is in washington with more on that story. Good afternoon. Good afternoon, mark. Yes, indeed, the imf has trimmed its Global Economic growth prediction, but only by a 10th of a percent. It is down slightly from its 3. 7 production in january to 3. 6 , but up from last years growth of only three percent. Next years expansion is expected to accelerate to 3. 9 , unchanged from the prior forecast. The new outlook comes just days before the official kickoff of the imf world Spring Meeting on friday in washington. The overall report is stronger, unevenble Global Global recovery with weaker markets in brazil and japan. The u. S. Was singled out as providing a major impulse to Global Growth, and as the strongest of the advanced economies, the imf chief way,mist said that in a the u. S. Is pulling the world. Speaking on Market Makers with Erik Schatzker and michael mckee, she gave the u. S. Economy of comic t another bit of confidence. But i believe the u. S. Economy is in good shape, balance, and going to continue. But it was not all on the back of the imf. Theyre preparing market for flows of capital back to advanced economies. And with the ongoing ukraine crisis, russias growth projection was grower lower from two percent in january to 1. 2 . And the imf has had some rather unsolicited advice with mario suggesting he act against inflation rests. Risks. When asked what he would like to see in terms of policy, whether that should be in the form of negative rates or quantitative easing, he would not say. But whatever they choose, sooner is better than later. Better than later. Thank you. Im joined by larry barclay. Good to see you again. Blanchard is saying that the u. S. Is driving the Global Economy and that for the most part, the brakes are gone. Is your outlook similar. Com similar . Typically, yes. Like are emerging markets. Hina and brazil those countries are finally lagging a bit. I think olivier is right that the recovery is on solid footing in the u. S. May be disappointing some people that thought it was going to grow at three percent. We are at 2. 5 or so. The imf says the u. S. Is going to benefit from a longer timeframe of lower interest rates. What does that mean for treasuries, particularly given last years selloff in the bond markets . I think last years selloff was a good thing. The one place we saw a bubble was in fixed income. Even with growth at 1. 5 to two percent, and even inflation at 1. 5 , 10 year treasury yield at 1. 5 were too low. That was encouraging some excesses in terms of leverage and borrowing. Now with the 10 yield the 10 two treasury at about percent, that is consistent with reasonable growth. And it also makes investors have better head than they did before. Yields could not get lower. I think they are pretty reasonable levels right now. And i agree with the imf. We are in a lower inflation world, and a lower growth world. And that implies a lower yield. In the next couple of years, you will see bond yields creep up. But the fed is not going to keep rates at zero for ever. Right now, checking my Bloomberg Schumer terminal, at 2. 68. What are investors looking for to ignite stronger Global Growth . Will that growth have to be initiated by measures undertaken by central banks, more stimulated measures . Ive measures . In theth is happening u. S. And in europe, and that is why it looks better. The European Central bank is just not doing enough. Let me put it this way. They had a surprise cut in rates last november. That was smaller than the amount to which inflation surprise on it down side. In other words, real rates have gone down to my despite the rate cut. And that is one reason why the euro has been strengthening and not weakening. As a matter of fact, the euro has been strengthening in the last year or so. That is not good for the area economy. The ecb needs to do more. When you see inflation at the report five percent, that is getting awfully close to zero or negative. Any to take some action. That would help the currency to go down and it will help the economy and could be the best thing that could happen for world growth. You dont see a selloff in emerging markets as a major risk to global markets. Why not . X we see this as a natural curve we see this as a natural curve to the market. We were very much in favor of emerging markets and favor them over developed markets. We switched around a couple of years ago because we do think that emerging markets like china have passed their grosbeak. Monetary policy is tightening, not have passed their growth peak. Monetary policy is tightening, not loosening. There is no room for growth. And as you know, Monetary Policy is still super supportive and to the left markets. In developed markets. Here is what is supposed to happen. Flowsf warned about abdel outside of emerging markets. That has been happening for over a year already. Seeing outflows into emerging markets, very consistent with the business cycle. We dont see a crisis coming out of this. In 20 seconds, the fed is going to release the meetings from march. Do you expect any surprises . I do not think so. The fed has been pretty clear about where they are going. People got upset by some hawkish comments from yellen, but rate rises are nowhere in sight. Meaning, you will not the it this year. Larry kantor joining us from his office out of research at barclays capital. Its always good to have your perspective. Up next, we will get to a Market Update on this tuesday. And this reminder, there are multiple ways to watch Bloomberg Television is that we are on the , on youroomberg. Com mobile device, apple tv, and amazon fire tv. In health and medical news this tuesday, eli lilly in japan has been ordered to pay 9 billion in damages over a diabetes drug linked to cancer. A federal jury found that the two companies had to be cancer risks for their drug that used to treat type two diabetes. The award is the seventh largest in u. S. History, based on data compiled by bloomberg. Theres a possibility that never will be reduced. We are coming up on 26 minutes past the hour. That means that Bloomberg Television is on the markets. My colleague alix steel joined me. Taking a look at the board, we are a mixed picture on wall street. It is. We are actually eating up a little bit of us seem of steam to the downside. The dow jones is slipping into the negative. Right now, im showing that the down is down by about three points. You could call it relatively flat. S p, you actually saw financial slipping into negative territory as well. But still down nine percent from its most recent update. One company we want to highlight for you, cvs. The pharmacy chain has just reached a 20 million settlement with the sec over claims it misled investors. The regular had accused cvs of numbersntly revealing from its documents. Cvs says the matter is now fully resolved and it wont be required to restate earnings. On the markets again in 30 minutes. More bottom line up next. Welcome back to the second halfhour of bottom line. Lets check some of the top stories we are following at this hour. Ukrainian Officials Say an unnamed radical group is keeping 60 people hostage inside a Government Office in the eastern city. Security said separatists are inside a Security Branch and are threatening them with arms and explosives. Searchers in the indian ocean failed to pick up more of the faint sounds that may have been from the missing jetliner. The signals were first heard early saturday and sunday and theked hope at finding debris, but they have picked up no trace of the sounds since then. And is there a new fad in San Francisco deco for some reason in San Francisco . For some reason, people are flipping smart cars. Police are trying to determine if it was a prank. It could also be an example of growing tension among some residents who blame the Tech Industry for the rising cost of living in the city. That is a look at the top stories in the news at this hour. General motors are facing is facing a national a massive onall him indicating work the cars would begin yesterday. But as of this afternoon, no dealers had received parts to begin repairs. Matt miller has been covering this story. He joins me now with details. What is going on . We have called around to dealers all around the new york city area, all around the washington, d. C. Area to try to figure out if anyone had these parts that were reportedly going to get there yesterday so that work could begin to repair the 2. 6 million cars that were affected