A black man who died in police custody. Buildings and cars were torched demonstrators threw rocks and bottles at police, injuring 15 of them. Maryland governor larry hogan declared a state of emergency. Governor hogan my number one concern is jobs, what ive been focused on, creating more jobs and opportunities in baltimore city. Today the focus is on the emergency actions that need to take place. Tomorrow we work on how we Work Together to create more jobs. Mark Baltimore MayorStephanie Rawlings blake has imposed a 10 00 p. M. Curfew starting tonight. Businesses are feeling the aftershocks. T. Rowe price has closed its headquarters in the downtown part of the city. Southwest airlines has canceled 10 baltimore departures today. Public schools in the city are close. And the orioles game against the Chicago White sox, major League Baseball, that game has been postponed. In nepal, the finance ministers says it will cost more than 10 billion to repair the country following the killer earthquake. To put that in context, 10 billion is about half of nepals economy. Authorities say about 4300 people were killed in the earthquake. National Football League commissioner Roger Goodell says that the Central Office will become ataxic will entity. A taxable entity. The nfl has been taxexempt since 1942. He informed teen owners and members of congress of the decision, saying he was a eliminating what he called a distraction. In a statement, the commissioner said every dollar of income generated through licensing agreements, sponsorships, ticket sales, and other means is earned by the 32 clubs and is taxable there. Commissioner goodell says the change in filing status will make note difference to the business. The United StatesSupreme Court began an historic session today. The justices are hearing arguments in the case that could legalize him sex marriage nationwide. Samesex marriage nationwide. Supreme Court Reporter greg story joins me now. Who are the parties involved and what is likely to be a landmark case . Greg there are roughly 31 adults in this case. They are both people who want to get married in a state that does not allow samesex marriage or people who are married elsewhere and want their state to recognize their marriage from out of state. For example, to have their name on a birth certificate. Mark greg, did we get a sense of where the justices were leaning in the case, and Justice Anthony kennedy, who wrote the prior gayrights decisions, is he still considered the swing vote . Greg he is certainly the swing vote could we got a little more sense of what the justices are thinking today, but the questions from him and the other justices went up ways today. You have to look at what the court did a couple years ago with the big gayrights decision and how the court has left so many let so many states start samesex marriage because of the Movement Since then. We now have 36 states where gayus can legally get married and that may be the biggest evidence that the court is moving in the direction of saying that it is a constitutional right nationwide. Mark greg, you mentioned a movement that the court has let happen. Is this something where we can go back to the road v wade decision that legalized abortion, and critics have said that the court at that time did not let the movement happen . Greg that is certainly something people will talk about and one of the people who suggested that criticism is Justice Ruth Bader ginsburg, who is one of the most liberal of the justices. She says that the court moved too far, too fast on roe versus wade. On gay marriage, the court could have issued a ruling two years ago but decided not to. They decided to let the number increase on a statebystate and let popular opinion move in that direction. It may be that this is a different case where the court has actually waited long enough that the decision will be accepted by the public. Mark one of the arguments in favor of samesex marriage, as you know, is that landmark loving versus virginia case in 1967. The court ruled that preventing interracial marriage is unconstitutional. What are the similarities between the cases . Greg there is certainly a similarity in that the parties are you arguing that this is a fundamental right and we want equal access to it. It is the same thing that the cases that the couples did in loving versus virginia. Same thing that the couples did in loving versus virginia good for the states defending the samesex marriage ban they are saying that traditionally marriage has been between a man and a woman. It was not the case in loving that the definition of marriage meant that it had to be two people of the same ethnicity. They say that this is a real fundamental change in marriage. And that, they say distinguishes it from the loving case. Mark can we expect a decision in june . Is that about right . Greg probably late june, about the same time as the Big Health Care decision. Mark and i know you will be all over that as well. Greg stohr joining us from outside the court, thank you. President obama says that trade talks are difficult in japan and the United States but he is confident a deal can be reached. He said this during a joint News Conference with visiting japanese Prime Minister shinzo abe. Washington correspondent peter cook is at the white house with more on that story. Good afternoon. Peter good afternoon. A Beautiful Day at the white house. The president had the chance to roll out the red carpet for Prime Minister shinzo abe. A very warm greeting for the japanese Prime Minister. Through the course of their press conference, referring to each other by first name. Clearly a good moment for the United States and japan in the eyes of the obama administration. The leaders during the quiz of their press conference talked about the alliance and that they are more than just allies, they are partners and friends. They talked about military cooperation, enhanced military cooperation moving forward to that it shouldnt be seen as a provocation to china. And on the Central Economic issue between the countries, the transpacific partnership, the ongoing trade talks between 12 pacific nations, they knowledge that the u. S. And japan have not resolve individual differences over trade but are getting closer to a final deal. President obama with respect to trade, we have reviewed the progress our teams have made towards the transpacific partnership. I know that the Politics Around trade can be hard in both our countries, but i know that Prime Minister abe like me, is deeply committed to getting this done and im confident we will. Pm abe on the outstanding bilateral issues, significant progress was made. We will continue to cooperate to lead the tpp talks to its last phase. Peter and the hope was when this visit was first announced sometime ago, perhaps the u. S. And japan could announce they had result of own differences, creating more momentum for the larger 12nation talks to move forward and wrap up later this year. That obviously hasnt happened but both sides are optimistic about the prospects down the road. The president had trouble selling the still too skeptical democrats on capitol hill. Shinzo abe goes there tomorrow the first japanese Prime Minister to speak to a joint session of congress, perhaps offering the president a helping hand to convince lawmakers to jump on board. Mark the president also offered his first reaction to the violence in baltimore, maryland. He says he wants the country to do what he called soulsearching. What do we take away from that . Peter well, it was a long answer from the president. He was clearly ready for an answer on baltimore and the violence there just hours from here in washington. He expressed concern for the family of freddie gray and the Police Officers injured in the line of fire in baltimore, but said that there is a larger question here for the country, that there needs to be more focus on the issues that led to this in the first place. Take a listen to the president. President obama if our society really wanted to solve the problem, we could. It is just that it would require everybody saying that this is important, this is significant and that we just dont dont just Pay Attention to these communities went to cvs burns. Peter president lamenting a little bit that his legislative agenda could have helped address some of the concerns in places like baltimore have been stymied in capitol hill but that he would continue to work in some areas where there has been compromise and progress prospect for progress Going Forward in the once remaining in his president ial term. Mark washington correspondent peter cook joining us from the white house. Bloomberg television continues its coverage of the Milken Institute global conference. My colleagues Erik Schatzker and Stephanie Ruhle are standing by with the president and ceo of the San Francisco giants. Stephanie thank you, mr. Crumpton. We are talking baseball out here. Who better to speak to that the guy who runs the San Francisco giants . Larry, lets talk baseball for a minute. Many people are saying it is not going to be the National Pastime , football is. I dont agree with that. Football is great and they have done a great job but baseball is a different type of sport. All kinds of attendance records have been set in the last year. Baseball needs to focus on youth, and i think the new commissioner and a bunch of owners including myself are working with him to get the initiatives going. Huge redeployment of resources into Little LeagueLeague Baseball and youth baseball. You look at the research. If you grew up playing the game of baseball, you will be a fan in your later years and adult years. Erik ok, the emphasis on youth because the average age of the baseball humor is rising. Makes a lot of sense. And the changes that have been implemented for play games getting a little bit shorter. But is it enough . Are you in favor of going to a shorter season . Larry we could look at that, 154game season. Kids are using this to communicate, to be entertained. We will have to be relevant. We will have to be quickerpace. The beauty of baseball, though is that there is no clock. It is sort of a bit of a conundrum. You have got to understand the demographics we need to increase, and that is the teenagers, who are pushing in a lot Different Directions with Different Things at home and out of home. In our market, baseball is at an alltime high in terms of Little League enrollment and kids playing this for. 350 consecutive sellouts. It is not that way everywhere, i get it. But i think that the dna of baseball is strong and growing. Stephanie how do you solve the conundrum that there is possibly a need to shorten the season and shorten the game and salaries are only going up . Larry salaries are a function of revenue and revenues not going down in baseball. We are in the content business. Being in the content business is powerful. There is there is for content on ulcers of platforms. I think that in some ways some of that is overstated. If you look at the ballparks, the ballparks in many ways our town centers. We compete with going to the movies, going to a theme park going to wine country, stefanie except tickets were sporting events are so expensive these days. Larry at half of our games you can get a ticket for 20 or less. So there. Stephanie so there. Larry i think baseball is an exception. We were the first team to do dynamic pricing for tickets. There are certain highprofile games that will be more expensive. But if you are able to go online and figure out again that is affordable and on two thirds of americans we have tickets 20 or less one of the strengths of baseball is the affordability. Erik how much upside is there on Television Revenue . Larry continuing upside. It is not just television, but monetizing the content. As we are moving into new forms over the top and other forms being studied hard, majorly respond major League Baseball and enhanced media, it has largely become a Technology Company erik but the viewer has to be willing to pay. The doctors got tons of dou doctors got tons of dough but larry there was the failed deal in l. A. Erik what was failed, the price . Larry everything. What happens is that you do with them down the line as he gets to the consumer, it becomes too expensive to make back the dollars on the deal. We have a partnership with comcast where everything works well where it is priced well and the giants are getting the fair rights the and the whole thing works. Look, there is disruption. Theres a lot of experimentation, a lot of change. A year from now, i think you will see some very unique different kinds of deals with different platforms. Erik like what . How would it work . Larry overthetop services erik by market or administered by mlb . Larry no it will be administered by mlb but there will be different deals in different markets. Erik are you going to do that with the giants . Larry we will be part of major League Baseballs advanced media initiatives. Erik no, but you have a deal with comcast and they want you to go over the top with somebody elses provider . Larry we will figure it out. Why are we talking about bumgarner tonight . Stephanie how about a different kind of play, a real estate play . What is the mindset here . Larry the mindset is that we have had 350 consecutive sellouts and a great experience with the ballpark. People ask is that you could do it all over again, would you do differently . Weerik real estate. Larry we are developing our parking lot in a mixed use project that will have a big office and a big residential and a big dark and it is an opportunity for us to really diversify and get another business and the way we and i have to look at it is that we have 7 million to 8 million homes in the bay area and we have to compete with the doctors with 12 million homes and new york and this is a way for us to be competitive with markets that are larger. Erik will it be as successful as what the red sox have done around fenway . Larry we are building a neighborhood. It is a 3 billion project. Stephanie working at the Berkeley Center in Brooklyn Larry thanks, stephanie. Give my regards to dan. Stephanie i feel like larry might yell at me and tell me to get back to work. [laughter] erik mark, to you in new york city. Mark you two are having too much fun. Stephanie we are, sorry. Mark thanks, guys. After the break, truck makers off to a strong start with help from the newest cancer medication. We will look at how they take advantage of cuttingedge research and the price tag that goes along with it. Bottom line on Bloomberg Television continues in a moment. Mark three of americas biggest pharmaceutical, and is, pfizer merck, and bristolmyers, reported betterthanexpected earnings today. Cynthia kunz joins me in the studio. What is the strength behind these numbers . Cynthia part of what is driving the results are the new cancer drug launches. With pfizer, merck, and bristolmyers, there are cancer immunotherapies that of come to the market and Breast Cancer drugs, and their getting an uptick in the initial launch in the market. Mark why are the therapies doing so well, given that they are so expensive . Cynthia the drugs can be 100 to 150 a year for patients. But at the moment patience are paying for the drugs so Cancer Centers are able to use them. Mark cynthia, were looking at the graph on the screen. What are we looking at . Cynthia these are the three different drugs. Keytruda and podivo opdivo help the immune system to attack the cancer. Ibrance will get broader approval as the year goes on. Mark all three of them over six figures. That is expensive. What is the outlook for these new drugs coming to the market . Pcynthia they are studying these drugs in a lot of different types of tumors so presumably this is the beginning and in cancers where there are much bigger patient populations, the angle is being able to take these therapies and applying them to different patient populations in combination as well as on their own. Mark what are the major risks in these outlooks . Cynthia basically the drugs compete with one another and they get tough on pricing. It hasnt happened yet so we have to wait and see. Mark for this pharmaceutical copies from of the prophets keep going up. Cynthia how many different exhibition populations can they reach into and how long will they be able to sustain the momentum . Mark when we talk about these therapies, is there anyone where the companies are saying, you know what, its so promising that we may be christian and is not a cure but to give people some hope that may be close to announcing not a cure but to give people some hope . Cynthia i think what the community sees really is that once their particular, they will have better result. I dont think anyone therapies stands out as is the real hope of the future. What the investigators are looking at is how can we see far better results in cancers than we have ever seen before . Mark Cynthia Koons thank you so much. Appreciate it. Up next,