Of countdown. Im anna edwards. Were going to bring you an exclusive interview later on. Richard holmes will be with us here exclusively to talk about the way that their business is performing and something a little different, a race that takes place every year here in london. Prorussian groups have hailed a large majority in favor of secession in a referendum they organized in Eastern Ukraine. The referendum was dismissed as legitimate by the government in kiev and its u. S. And european allies. Chris, thank you very much for coming to talk to us. What is your reaction, a shortterm reaction of developments over the weekend. No surprise. Those were organized and seemed to suggest for a strong voting in favor of independence. With this key is with the kremlin says and what president putin say in the next couple of days. That is what were waiting for. Thee starting was probably most critical two weeks in the whole of this crisis so far. In two weeks time we have got ukrainianles for the president ial election. That will be a game changer to some extent. There will be a lot of nervousness. We will be waiting to hear what governments say rather than reacting to speculation in the media. What about what media aboutors have to say president putin . Not to endorse the and not to endorse the right for independence. There needs to be dialogue and negotiations. The news to be some way to give an untie me to the Eastern Ukraine. That is what investors are hoping for. What they dont want to hear is any sort of escalation of more threats or intervention. That would scare the markets. Looking at Global Markets, does that mean anything, the next couple of weeks . Discount on going on in Eastern Ukraine . It was the best week in about 10 months. Mostly on the back of president putins comments on thursday that he is going to pull back troops. Separatists should hold back on the referendum, even though they didnt. The markets are now reacting to the political rhetoric. Now we hear there will be a direct reaction. If it is something calming, we could see further gains in the market. If we see something that raises concerns about an escalation in sanctions, markets will go down. I think Global Markets are standing back from this. There are a lot of variables and scenarios. Theres not a lot of point in making a big bet at this point. Behink the key issue will more of the may 25 election. We have heard this from the french and german leaders are last couple of days. Theyre now very focused on a successful election. Lineis where the next red in terms of escalating sanctions will come. That will have market impact. John boehner, the u. S. House speaker is suggesting that penalties imposed by the west need to be greater, sanctions need to be greater. You think we will see greater sanctions coming through, either from this meeting taking place in europe this week or into the following week . Not based on what has happened so far. It is quite clear the u. S. Has a much more political agenda and is being much tougher in terms of calling for sanctions. The europeans have a much bigger economic stake and are focusing much more on specific events at crimea and ukraine. They will only consider these tougher sanctions that the u. S. Is calling for if rush is. Ccused that in the bigger issue it looks like the west despite the tough rhetoric has moved on . They have forgotten what is going on there. It andst attention to compartmentalized it. Least that is how they reading a situation now. They are exactly right peo it could result in some countermeasures by russia. Spat. Just a little as far as investors are concerned, it will never be more than that. A think we will move on. Russian investors are little more sensitive. The Global Markets have now decided this is an issue that is going to get resolved. When i print across these dangerous red lines. In a few months time it will be history. Change and there is a ratcheting up of threats, then i think we can see an impact on Global Markets. I think that is the case. What does that do to the growth story in russia . Does it mean the growth really slows down, but we dont actually see recession coming . We do assume that there is a legacy of quite a few months where investors are cautious and direct investors to back. Russia was able to use its budget resources. Remember, the Current Oil Prices , the budget is in surplus. They are on course for an additional 25 billion dollars 30 billion this year. Case without going into further sanctions is we could still get about 0. 5 gdp. Chris joining us from macro advisory. Up next, we bring you an exclusive interview with richard holmes. Stay with us on countdown. Time for todays company news. According to people with knowledge of the matter, the company is evaluating offers for its plant, including one that divides ford with steel. They might receive as much as 1. 5 billion for the asset. Shareholders and swiss politicians push for his resignation over whether the bank helps americans avoid taxes. Investing at least 2 billion in pfizer pharmaceutical. In biopharmaceuticals. Im an edwards. Anniversarythe 10th of the Standard Chartered great city race. Richard, thank you very much for coming in to talk to us. Were going to look ahead to the race. It is going to take place later on in the summer. Lets start with the race. It takes place in july. Hot time of year to be running. Tell us what it means for Standard Chartered. We have about 6000 people signed up already for 400 companies in the city. Bankers, lawyers, journalists, inclined you ill if you feel inclined. It is at 715 in the evening. If youre raising money for seeing is believing. It is a charity that we sponsor. We have been doing that charity now for 10 years. So far, we have raised 63 million to help eradicate blindness. The entrance money goes toward that charity. 10 pounds per person, per runner. Our company matches those 10 pounds. People seem to come back. They enjoy it. They get out with her colleagues. There is a bit of teambuilding as well as raising money for a good cause. Lets talk about growth globally. You are the european ceo Standard Chartered. It is a very asia focused business with increases in africa. China is talking about a new normal over the weekend. Thisre you looking at attempt by the Chinese Government to slow down in a controlled way their economy . How do you evaluate their chances of success . We are pretty optimistic that the chinese will be able to do that. Slowing down to them mean 7. 5 growth. Europe orthe same u. K. That we are used to. We do have enough tools to successfully manage the economy Going Forward around the level. 3. 5 ink were looking at growth locally. The linkagesaluate between emerging markets and developing markets . You seen emerging markets have the kind of tick up for global growth. How they see things developing now . Is good to have a broadbased economy. Europe is surprise on the upside recently. Like liverpool football club, we did better than we thought third were looking at over three percent Growth Potential in the u. K. We didnt imagine that a year ago. A strong europe, a stronger u. S. Is good for a more balanced economy Going Forward. And investor poll here at said that 40 of people say that as a Global Economy improves, 59 said that in january. People are positive about global lessh. A little bit positive than they were four or five months ago. There some certainty out there. We are experts in asia and africa and middle east. Within these markets for 150 years. We are probably more optimistic from what we see on the ground then other people looking in. There is some politics going on as well. A lot of elections. A lot of elections, yes. Does that come from having more believe that these governments can deliver what they think and say they can deliver . Yes, that might be spotty patches here and there, but we think over the medium term, these developing markets are great places to be invested. Risks talked about this investment poll is deflation, the risk of deflation, specifically in the eurozone. Do you think it is going to be, will the ecb do something to stave that off . Certain are down 0. 25 they could reduce slightly. I think they could do some quantitative easing. Again, europe is in one situation. The u. K. , we are suddenly thinking about when we could raise rates, because growth is predicted to be over three percent this year. We think bank of england could well look at raising rates may be First Quarter next year. Leave theoes that strategy for banks such as standards charter has been so asia focused . Word is a leave your strategy with regard to europe . We bank with people across europe theyre trying to invest and trade in asia, africa, middle east. A healthy europe is good for trade flows and investment flows between europe and our key markets. It puts us in a really good key position. Richard holmes, Standard Chartered ceo. We be racing . I do. Will you be racing . I do run. Im curious about is when it starts very is 7 30 p. M. Us see if i can step that late. We will be digging into Rupert Murdoch plan to creating a paytv colossus. That is coming up on countdown. Welcome back to countdown. We just got new details from a Bloomberg News excuses exclusive. Rupert murdoch wants to create a gigantic paytv network by combining german and italian media with skype. For hiss it mean european tv businesses are aware this is this all about for Rupert Murdoch . We think it is a plan to consolidate all of european tv businesses under one Holding Company. That makes them so much stronger in europe when it comes to trying to win broadcasting rights and advertising. He is creating what we see as a real media behemoth, expanding in europe. Who knows, maybe the u. S. And asia. He doesnt have full control, does he come of bskyb. What are the roadblocks or difficulties he could face along the way . He owns 39 of bskyb. We saw a similar attempt with the phone hacking scandal. They dropped that. Then a First Time Since that theyre trying to consolidate again. As you saw bskyb today confirmed the talks. We dont know at the endgame is, but we think you would probably try and increase his stake in bskyb after consolidation. Is this all about football, then . A little bit, yes. That is where he comes from. Red does it leave Rupert Murdoch and john malone . These two men have been up against each other in various geographies around the world in the past decades. It looks as if it could be the latest chapter in a battle between the two. You are right, anna. Most notable, within an u. S. A decade ago when this happened with direct tv, this could probably pick malone against murdoch. We may see more of them going headtohead against each other. Especially if this deal goes through. Here in europe, remind us of john malones seat role in europe, what is artie doing in this part of the world. They have much higher subscription numbers. Skypekyb manages to get deutschland and skied tell you, it would have up to 3 million skygu bers. Utschland and sky italia Angus Bennett attended the graduation. People who are able to afford a , these areayground people that are going to want things done their way. She is the founder of the bureau which trains the staff for the worlds most expensive yachts. These girls are the latest batch of recruits him about we catch you the faces. Most have signed privacy agreements with their employers. Within the yacht industry, it is of the utmost importance to be discreet. Anything they hear or see stays with them. Very strictto sign confidentiality agreements. The megawealthy value their privacy. Theyre prepared to pay their crew handsomely. Hardworking recruits can expect to start on more than 60,000, often taxfree. It is lucrative. You mustnt forget that they work really hard and they do earn their money. Still for long hours. From an outsider point of view, these girls and boys work very very hard. Issue atoney is not an a small army are on hand at all times, requests can get dinner at 4 a. M. , latenight parties demanding guests. Workers often get little sleep. What exactly goes on on board is kept close to the chest. Anyone working in the marketplace doesnt talk about it. Andrew is a professional butler, but he wont say who he has worked for. It isweek of training, graduation time. Most of these girls are heading back to their yachts in time for the summer season. Long hours, latenight, and a chance to make some big money. Angus bennett, bloomberg london. Inside the secret world. Still to come on the program. Investors are less optimistic about the Global Economy than they were three months ago. Stay with us to find out if it is the unrest in ukraine or deflation in europe that is worrying them the most. Bloombergs Global Investor poll is coming up. 6 26 in london. Welcome back, im anna edwards. Thank you very much, anna. Lets look at the euro. It does not get boring. The euro dollar drops from about to 1. 3767. Mario draghis magic tricks have not lost their sparkle. The ecb should go swift. Thinks. Erkels advisor you get to ecb speakers today. Look to them to give you color on the table for next months meeting. John, thank you very much. These are bloomberg headlines. Final results are due out later today from a referendum by prorussian groups in Eastern Ukraine. To break away by margin of 91. Leaders could issue more sanctions against russia as early as today. Ceos of pfizer and astrazeneca go before committee this week. Bid to to ask about the acquire the company. Cameron told the bbc he is ready to stand up for british jobs. Jet you are land rover has created 9000 jobs since ive been prime minister. Several senior former executives at barclays will be the probe looks into alleged corrupt arrangements in qatar. The Financial Times says the former ceo bob diamond will be among those questioned. In just underarts half an hours time. Manus cranny will be anchoring the program. Manus, youre back to tell us what to. Bob parker. Nobody meant to take us around the globe. We will have him for about 20 minutes to talk about everything macro, and micro as well. Weve been talking a little bit what is the shape of that deal going to look like. Team some interesting takes in terms of collateral. If you want to do a deal and you want to get sky deutschland and what does it take . Trying to get it done before u. K. Elections. I saw a lot of that written up late yesterday. Murdoch is succession planning, is it . We will talk burma, india, as well . Yes. From ubs is that is already discounted and that india is squandering its demographic prime position. Ill tell you what that means after you finish talking. To bob. Report shows concern about events in ukraine. Bloomberg editor joins us now for more on the polls. On the positive take Global Economy, isnt it . Not quite as positive as the beginning of the year. No, that probably reflects some of the things going on in the ukraine. Tends to heighten concerns that were artie there about russia, for example. Overoverall, as you have 80 of people feel that things are Getting Better globally, or that their stable. That, generally, is good news. What about the preoccupation of the investor communities. His deflation the eurozone . The biggest continues to be the slow down in growth in china. That is no surprise. That continues to be a big concern because it is such a huge economy and it is so important to the United States and to europe. Item ins the headline the sense that that is what is in the news to talk about the referendums yesterday and so forth. What is russia going to do, what is put in up to, what can the United States and the eu do to counter putin, etc. There is concern over that. There was already concern about russia, about capital flight, which, as a result of a number of things including Corporate Governance concerns in russia. That is no surprise. Again, the front pages are all about russia and that heightens investors concerns. Putin is not ro popular with this investment poll. He is not the least popular Global Leader in the polls. No, Francois Hollande is. For extremely different reasons, theyre seen as , asncentives to investment opposed to angela merkel, the german chancellor who always comes up quite well in these polls. What about the u. K. . The growth story. Things are Getting Better here. When apple introduced the iphone seven years ago, brought the touchscreen to the masses for the first time. Has gonesraeli startup one better, enabling you to turn your phone yourself into a smart phone. Elliott gotkine sent us this exclusive report. Film a futuristic minority report, tom cruise was able to track down criminals before they committed their crime. The first target is overhead projectors. Installationinute process, you can take any one of the projectors installed worldwide and transform them from a regular projector into an interactive room just like that. By putting the bird on your finger. Newhe bird, which is a index finger, is just half of the technology. That brings google earth to the table. Project the image from any device onto any surface. , iphone to the sofa. Its impact which is as impressive as cornings image of the future, except the maker of gorilla glass screens for ipads is betting on almost everything being coded in touch sensitive glass. Movement andture, touch are all parts of that. When you think of touch we see a toddler interact with a tablet or smartphone, it is very natural. That intuitive nature is why we think touch stays around for a long time. Covering everything in glass may not be to everyones taste for it whatever comes out on top, Science Fiction technology seems to be heading toward a screen or surface near you very soon.