On topics of critical importance. I am never going to rule anything out. Nejra it is all straight ahead best. Mberg never kill hello and welcome. I am there at k rich. This is bloomberg best. In retrospect, this week has been dominated by tuesdays tragic terror attacks in brussels. Monday, attention was focused on Silicon Valley with a major Product Announcement from apple. A apple unveiling the sc at event in cupertino with a smaller screen and a smaller price tag, starting at 390 nine dollars per the cheapest new iphone ever. What are your big takeaways . I was making an analogy with the golden state warriors. They found the small ball works well for them and they want a world championship. They got to 30 Million People lester and that was a shocking number. 30 Million People bought an iphone five last year per they have dedicated users who want to use smaller phones and pay less. They are being slightly more aggressive, maybe appropriately aggressive, that should be with a price that should be more in line with emerging markets. It will not be at the cost of their margins. Europe wakes up to the threat of terrorism, once again in belgium, and we have to understand the scope of what we understand with coordinated attacks and how big it will get. Tom you really wonder how they will adapt, how europe will adjust. This certainly seems like a coordinated attack. It certainly seems in response to the apprehension friday with the main suspects, the main living suspect in the paris attacks. The belgian government has been under continual criticism since itsmber, in terms of terror, antiterror campaign. Why did it take four months to apprehend some live absalom . Abdeslam . Beginning on friday, they thought they had made a major breakthrough in the terror campaign, and this seems to be a big setback that we have today with these multiple explosions. Belgium is on the highest terror alert after three bombings in brussels today. At least 30 people are dead, 180 injured. Police are at a standstill as they search for more bombs. In theeople were killed two attacks that took place in brussels today. We had one attack here at the subway station, which, to put things into context geographically, we are right in the heart of the european union, the european commission. I am surrounded by buildings that belong to the european commission. This ishink about it, the first largescale terror attack, the largest terror attack that has taken place in this country since the second world war, and at least one of the attacks happening right in the middle of the e. U. , the european commissions headquarters. Credit suisse is accelerating its restructuring, with cost sinces of 1. 7 billion 2016, costing at least 2000 jobs. Back in october, Credit Suisse said we have to kind of triage what we are going to tackle here and we need to improve our macro business first. Credit is doing ok, but then the Fourth Quarter came and credit is off the cliff. That continued in the first quarter. Now they are saying this is moving up the priority list. You said you were surprised by your illiquid glitches. Why was this not clear before . As i said on the record, this was not clear to me and to many people inside. There needs to be a cultural change. There have been inconsistencies around that. Francine are the people trying to withhold information . Tidjane it is a very interesting question. If your costs are too high and you are not taking them down, a lot of the problems with Investment Bankers is that people try to generate revenue at all costs to save face. It was a highyielding book, and generating a lot of revenue. So people were reluctant to reduce it because it would expose the cost problems. Premier looking to asia to be the Growth Engine of the world, calling age of the Growth Engine of the world. He really kept bragging on about growth, didnt he, steve . Aggregate outlook of chinese leaders tends to be a little more sunny than in recent months. Mostly it is a chinese conference, but it is intended to kind of be china upon version of the World Economic forum for asia. He kept on hammering the point that they are seeing stability. The quality of economic growth, according to him, is improving. He emphasized that china has stableools to ensure economic growth, and he is confident that china can maintain that pace of growth, 6. 5 , over the next five years. He says the fiscal deficit is not too high. He also said on the yuan, they will not he value the yuan to boost exports, and all the Property Market he says we want to avoid major fluctuations in the Property Market. He is aiming for steady development. Nejra coming up on bloomberg st, a closeup look at tuesdays terror attacks in brussels. Nejra welcome back to bloomberg best. The investigation into tuesdays terror attacks in brussels continues. Go to bloomberg. Com for the latest details and analysis. Checking the impact of the bombings on Global Markets and gathering insight from experts around the world, lets look back at the best of that coverage. Francine when we first heard about a possible explosion, futures did not do much. Then we saw a clear but shy riskoff mood. Our people now dealing with this kind of thing in their stride . Are we mispricing terrorists . Mispricing are we mispricing terror risk . Economics always point to the fact that economies tend to survive these things. However, nearterm you do see flows and price actions, such as the one we are seeing at the moment. We look back, whether we are talking san bernardino, have, or 9 11, the markets taken a leg down but we have seen a strong rebound. We are asking, is this time different . The market that seems to be reacting most is what we will call the brexit trade. A,the widening of the bund the sterling, too. Now you have political sides that can take advantage of this. If this happened a year ago, there is no political opposition that could take advantage of this. But now, not only do you have been in the united states, but because of brexit you have it in europe, too. They will take advantage of this, and that is why you see political trade having a bigger move than the standard playbook. The markets have been pretty resilient to these terrorists. That is the right thing to do and it also turns out to be the more profitable thing to do. We should not be terrorized. The actions of a few sociopaths, it is horrible and we have a member of my team in brussels at the same but time, the reality is it does not change the overall movement of the global economy, the outlook of profits and Interest Rates, so people should not overreact to this. Borders will be strengthened initially. The topic of schengen will come up again. As anportant is schengen agreement and as a pillar of the e. U. . Do you consider it under threat, and what does that mean for business europewide . As a european and also u. S. Media company, we operate in many countries. It is in our business interests that the border remains open and free trade continues. Clearly, our objective has got to be that despite everything and despite concerns about security, borders remain open and people continue to travel and trade continues to flow. Stephanie could an attack like this or in paris get those governments around europe to point fingers or to try to act more in a unified way . To see theuch hope latter. With regard to the euro crisis and the refugee crisis, i very much hope that this is one positive thing that will come out of brussels, that this will lead to a more unified approach combating terrorism. I do not think this has significant implications for europes policies in the middle east, which of course is the reason why we are having so many of these problems, nor does it have an impact on a divisive president ial election in the states. You do not think it is . I do not. We have already had these two major paris attacks. We have had a number of major terrorist attacks in turkey. We had the german assault, and now we have brussels. I would be surprised in the united states, this is the kind are notine that we actively talking about. Ured togetting in this kind of event. Certainly a number of the political candidates, trump included, will try to make a little bit of hay on top of these headlines, but i do not think it will significantly affect the elections. There are statements from leaders all around the world, including from president obama in havana, a response to terrorism. I think we have to identify with what has happened to the europeans because it has happened in this city before. God for bid if it happened again. The terrorist Group Islamic both to thehreat and canada as well as to all the europeans. What it means is, we have to rally around them. So judicial cooperation, and making sure that our intelligence agencies are working together, that is the best way in a situation like europe, where you have homegrown terrorists in the city of brussels, in the suburbs of paris, the best way to help europeans. Pound falling today, posting its biggest decline in major currencies, all of that on speculations that the brussels explosions will boost the situation for brexit, closing more borders, curbing immigration, all of that fear potentially permeating what we might see in the june referendum. That was reflected in a sustained selloff in the pound, against the euro. The repetition of that seems likely in the near term. Some of the negatives are already in the price, so if anything, unless we see a very significant swing in the polls, the pound downside from currency levels will not exceed what we have seen so long ago. Most people talking about the future of schengen and the political pressure european leaders are under. What does the euro trade tell us about how safe it is to put money in the euro . What we saw yesterday was the euro not performing well at all. You can explain that by saying that concerns about schengen and the e. U. Have been going on for a little while. I think positioning explains why the euro did not perform well. It confused the market at the time, but we must remember that if we go back to the start of last year, the market was very short. The euro. And i think what weve had is a big correction in positions since then. The market has recovered to more normal levels, meaning that the euro is more tolerable more vulnerable. I think it is very difficult to say that euro is a safe haven. It was exhilarating safe it was exhibiting safe haven behaviors. David cameron making it clear terday that we should not other people not taking that view. You look at the Financial Market reaction, that line was drawn fairly quickly. Does this story play into what happens with that debate as we work our way through the next three months . Attacks like this, how do they impact the story . The impact it as the market showed yesterday. Line, will draw that whether rightly or wrongly. David cameron has been out in recent weeks saying that the e. U. , being in the e. U. Makes britain safer and stronger. The situation in brussels challenges that view. There will be a thick line drawn between that, and others that will draw in inference or raise an eyebrow. What is the mood like in the belgian government, ambassador . The spotlight has been on belgium since the paris terror attacks in november. It has led to the question, how is this allowed to happen . We may be, given the openness of our society, we are one of the most open countries in the world. We happen to be the most open economy in the world, and that openness normally is an asset, but sometimes it because becomes difficult. You are subject to problems, as we right now face. What needs to be done on a europewide level to combat thatrism . It is exactly the Cooperation AmongEuropean Countries has to be strengthened. Most of the countries are fully aware of that. Our Prime Minister spoke with mr. Hollande yesterday. What is the point . The point is that intelligence should not only be gathered, it should also be exchanged and beyond the exchange of information, the intelligence should be actually destinations. Nal that is not always the case. So there is some work to be done, but i think the awareness is nejra you are watching bloomberg best. Highlighting top company news, new developments and ongoing stories. Last week and insurance giant made a surprise bid to top marry toer for starwood top marriotts offer for starwood hotels. Starwood shares of the Hotel Company soaring today after it accepted and improves take over bid. Are we in the middle of a takeover battle here . Very much so. Sawassic takeover, where we them coming with this improvement after less week this improved offer last week. Marriott has come in to match it. I think what is interesting is the dollar has clearly been the door has clearly been left starwood for they come back. Is there a Game Changing price . What is the ceiling here . How high can both companies go . It is a really good question. We think that marriott would have put more money on the table if they really wanted to put this knockout did on there. On there. Ockout bid it suggests maybe they have some more room to go, but maybe the chinese come back in first and there is more of a bump for marriott. They have done the Strategic Hotel deal with blackstone. I think this is going to be one that will run for a while, and i think we will see another one for sure. The First Chinese company to a major also has been theme of the football body since the corruption scandal. What is behind this move . Last year xi jinping made football of national prominence. Founder has and been aggressively investing a 20 stake. Running through until 2030, worth hundreds of millions of dollars. A good use of that money . They think it is indeed worthwhile. He says other Chinese Companies could sign up to become top fifa sponsors also. Valeant ceo Mike Peterson is stepping down after controversy with the 61 drop in shares last week alone. , but theren is out is not a new ceo yet, correct . We do not have a new ceo yet, and pearson will be staying in until they find one. Shiller,r cfo, howard has been asked to resign because they have accused him of financial impropriety. Shares in valeant rising of news thatd day Michael Pearson will be stepping down. Ackman will adjust hundreds of workers in the new jersey office. What do we know about what they said . Months ago bill ackman was talking about how they were involved in interest and interested in bill ackman himself is sitting on this board after yesterdays announcement and doing a town hall style meeting with mike pearson, who has been outed as ceo and chairman of the company. They are saying there will not be major layoffs. They are looking for somebody to replace pearson as soon as possible. What is happening to former cfo Howard Shiller . Can he be made to leave the board . Starts to get really messy. Howard shiller, former cfo and current board member, they have accused him of impropriety and how everything is handled with some of the restatements there and have asked him to resign from the board. He has refused. He has 26 million in bonus he is sitting on. It is probably a lot easier to find a clawback from inside the board than from outside. Shares tumbling in tokyo nearly a month sharp. Hares tumbling in tokyo is there a risk that the deal could fall apart . There is. As you mentioned, we are coming up on a month now since sharps board approved of the deal from foxconn. It is a growing list of issues that foxconn is going through before it signs this definitive agreement to proceed with the deal. They looked at some contingent liabilities that sharp has had. They are looking at some of the loans to see if they can roll those over at lower Interest Rates and perhaps get more favorable terms. They are also looking at the companys performance in the current quarter. There are reports that foxconn may try to decrease the amount of money it is putting into sharp, in additional equity. Att was originally proposed ¥489 billion. We may see that number go down a bit. Timeline, when can we expect a decision or an announcement . March 31 is a big day for them. They have credit lines and loans expiring for them on march 31, and exmouth we will probably see some movement on the front to see if this acquisition does indeed proceed. Value is saying they will nominate nine new members to the yahoo board, effectively trying to replace the current board entirely. This is the 1. 7 shareholder that is growing in fron frustra. We know a little bit about star boards plan. They plan to take over, basically, right . Yes, it is effectively a palace coup. Before,rd has done this in 2014, when they nominated new investors in starwood restaurants. Since then, darden shares are up 50 . Way it is going to play out at yahoo , because star board is not interested in a turnaround. What star board wants yahoo to do is to sell core business. Vonnie it is interesting to see who star board is planning to put on that board. Of would be the former head tech m a at deutsche bank. For the question shareholders, and it will be for shareholders to decide if the proxy fight goes forward, is whether they like these directors better, whether they think they can do a better job in the current board. The current board does not have a great track record over the past 18 months. , and still to come anniversary assessment of twitter at 10 here it up next, the wiis most important interviews, including a conversation on terrorism with u. S. President ial candidate donald trump. Welcome back. Our reporter sat down with donald trump. Their conversation about u. S. Foreignpolicy leaves our review. Mr. I am tom keene mr. Trump you have to get the respect. You have to have people respect the west. Are there any other elements . Mr. Trump i dont not think you will be doing anything unless they respect you. You asked if you would rule weapons. Cal nuclear mr. Trump i would be late to my opponents running. You would rule in the possibility of using nuclear i am nevertrump going to roll anything out. At a minimum, i want to think we would use them. When we dohing, these interviews, with everybody, and you ask a question like that and everyone comes clean and is honest. We need unpredictability. We have enemies. It is an enemy not wearing a uniform. We