One analyst cut 3000 jobs. Officials scrambling to come up with more money. Government workers must be paid this week. Still no end in site in the countrys debt crisis. More than 1. 5 billion. Officials hope to cover that with other local government. And he talks on friday basically yields at nothing. Officials say few survivors of the hurricane earthquake will be found. Two days after the disaster, the death toll approaching 3700. Those who are not among the 30,000 injured, staying alive millions are homeless. Severe sort shortages of food and shelter and medicine reported in the capital. Things are even worse in the countryside. He came from a village where their 1000 and 100 households. When the earth quake struck, it was like a volcanic explosion with rocks going everywhere. 90 of the houses were completely decimated. Betty nearly 180 mountain climbers are now safe. Some 700 others are trapped. Hundreds were on the mound when the plane hit in 19 were killed. Among three americans killed was a google executive. Rebuilding could cost 5 very iphones now selling faster in china than the u. S. The large screens on apples new models are popular in asia. Today, we will be all over the apple results. Hillary clintonss president ial campaign is just two weeks old but the clintons are already backtracking. The Clinton Foundation, mistakes were made on tax reform. Mistakenly defined with other locations. The foundation should be investigated. Peter says some nations that made donations that favorable treatment from the u. S. While mrs. Clinton was secretary. If you ever have an issue of a flow of funds to political candidates, whether that is to private foundations or their spouse, is there evidence of a pattern of favorable decisions be made for those individuals . The point we made in the book is that there is a troubling pattern with dozens of that occurring. Betty those are your top headlines. Back to one of the top corporate stories, shares of Deutsche Bank dropping. Plan for a massive overhaul. We will show you that in a moment. Thousands of job losses. The ceo has been speaking with hans nichols and just moments ago, they wrapped up their interview. Hans we are completely fine. As we demonstrated in the first quarter, this morning we reported a very solid quarter with strong operating. No need because of litigations challenges. Anshu no need. Betty hans nichols is joining me fresh off of that conversation. Hans there have been a lot of talk, a lot of hype, about a very drastic overhaul. Deutsche bank decided to cut off survey and theyre are keeping Retail Operations of storage tank. 730 outlets will be cut down to 500 30. There may still be concerned that litigation cost. When i asked about what is charged this is his response. Very painful. Hans they do not necessarily know what is in the pipeline and with the next charges will be. He said he is utterly confident they have made Legal Provisions for most indeed any, contingencies. He said he had a lot of contingencies set aside for future litigation charges. Now they want to execute this strategy. And then refocusing the investment bank, tweaking it ever so slightly and getting involved in private Wealth Management to a greater degree. A lot of tanks are talking about that. They see a lot of growth there. Betty lets bring it back to the u. S. Markets and their business in the u. S. And how they are competing with other american banks. They are becoming more american with the new leverage ratios . Hans if you think 5 leverage ratio will be the new global standard, it is not now. Because the market is heading in that direction, it may demand a 5 leverage ratio for all the banks. In some ways, he is making the bank abide because he wants to be a global bank and in some ways he thinks that will position them a little better to be truly a global bank. They have not announced yet whether they would abide to this higher betty thank you. Also happening, old slag and chairman and former ceo did you see this headline over the weekend . A more than two decadelong reign. That marks the climax of the feud. Heres why we care about this. It could also give volkswagen the boost it needs to start making cars here in america that people want to buy where to buy. How this whole shakeup and drama in the sea suite and boardroom and volkswagen, how it affected how it affected their business in the u. S. The thing is, in his two decades controlling the company, created a demand structure were basic we all the decisions ran through him. That health as he grew into this behemoth, but it was for them in the u. S. Market because it really slow down the whole process. Invested all this money into the it did not help them. Sales fell in the u. S. Last year. Analysts are saying his departure may actually help them to start making cars americans want to buy. Betty they missed out on the suv trend. They did. Executives in the u. S. Publicly telling others we need more suvs. They were not getting the response they wanted. They need to go to a bit more regional command structure. They would help speed that up. Betty you might now look at volkswagen because it seems like investors, judging by the way the stock markets behave, are happy with the change. Another reason theyre happy with it is because they built this global empire and did through m a and that was very expensive there is so what analysts are saying is the fact he has now departed means they will probably stop the spending spree because and that helps investors because they hope some of the profits that that will flow a little bit more to the average shareholder. Betty thank you so much on volkswagen and changes there. You might see more of those cars on the road. On the corporate front in the u. S. Time warner cable looking to another. Reached out to Time Warner Cable to begin friendly talks on acquisition after comcast withdrew their bid. Remember this is not the first try. Time warner cable previously rejected the offer by charter and did not want it and went ahead and surprised charter vacations by going with comcast. What is different . Alex sherman is joining me this morning. Everyone said ok, charter will have another go and it looks like they are. They have been public in saying they were interested in doing so. Maybe the timing because clearly they were chomping at the bit to get in here. What we learned on friday is we have already talks at the advisor level. No conversations yet at the executive level. To question people are talking last year about how there is a frayed relationship to liberty. The ceo, the chairman, i think we are seen as a bit too aggressive may be leading the charge and sort of denigrating Time Warner Cable somewhat unfairly and may be fairly saying their operations are poor, the Management Structure is poor. It did not go well in the hostile takeover bid. This time around, we may see charter management, their ceo, their cfo maybe keep greg on the side or the relationship is better than liberty and Time Warner Cable from my understanding. That may be different this time around. Betty it was pretty hot so last year. Alex sherman, great to see you. Much more is ahead. President obama making his annual performance, leaving no one safe from his standup routine. President obama and Bernie Sanders might run. I like bernie. Apparently, some folks really want to see a pot smoking socialist in the white house. [laughter] we could get a third obama term after all. [applause] betty japan plus is a sovereign Credit Rating is taking a hit. The stable outlook, citing a lack by the government. Sales tax increase. Raising from 10 to eight. Into recession again. Pushed japan into recession again. Considering a spinoff of as much as 30 billion. Late last week, hsbc said it would consider moving due to a bank levy that would cause more than 1 billion last year. Two big restructuring in europe. And Peyton Manning doing a celebratory end zone dance. The Denver Broncos quarterback donated 3 million to the university of tennessee. The schools has the money will benefit the football program. Those are your top stories this morning. A big weekend in politics here in the u. S. Including for those in washington attending a white house course on and dinner. President barack obama took aim at the emerging 2016 president ial field and joked about his own waning time in office. President obama my advisers asked me, mr. President , do you have a bucket list. I said well, i have something that rhymes with bucket list. [laughter] [applause] betty i love that. He always knows how to deliver a line. Mark was in attendance. I know you worked the red carpet. You are instagram and tweeting up a storm. Mark the president has excellent timing in comedy. There is still a lot of goodwill toward the president a lot of business elites there and political elites. In that room, it is probably the warmest treatment he gets although tonight, some have criticized being overly cozy. It is good for the country because it brings together people who can talk and relaxed. An elite club aspect to it but it is just good because there are so many occasions when democrats and republicans can talk to the table at dinner. The chairman of the republican party, they can get along just fine. Without revealing too much, because i know you talked to a lot of insiders, what were side conversations about . Mark a lot of talk about who the republicans will eventually settle on and talk about Hillary Clinton and whether it remains the biggest opponent she has is herself her emails. Betty a book will be coming out in just a few days and made the rounds and he talked about launching an investigation into exactly how the Clinton Foundation accounts for its cash and donation. I want to play part of that conversation yesterday. Most people who engage in criminal trading do not send an email they look at a pattern of stock trades. They do a series of welltimed trades. That warrants investigation. I think the same thing applies here. He called this insider trading. Is it really . Mark people are three around a lot of stuff. Your grin Newt Gingrich says he should be indicted. Clintonss opponents make a political mistake by going too far. On the negative side, it does make too many assumptions yet to be proven. He also says, which is accurate he does not have subpoena power. He tries to piece things together. What the true facts are that are only obtainable, with much cooperation from hillary and her team. They admitted they made some mistakes, but as you say, it remains to be seen whether that will put it to rest. There will be a lunch and i will actually be there with carly here in new york speaking with women entrepreneurs, talking about supporting women around the world in developing countries. What do we really want to hear from carly . Mark a field of 20 men and 20 and one woman. She would be part of this discussion coming forward in the debates. Not drawing a lot of popular support. At the same time, in these multicandidate events, she continues to impress people. She has shown a lot of political skill. Klassen she is likely to announce next monday. Mark, thank you so much. You do not look hung over at all. You look great. Mark nothing 10 at phil cannot cure. Betty be sure to tune in wednesday because we will have the author himself here, right here on in the loop. He may be no known for making young chefs cry in the kitchen but he is actually quite charming. My interview with Gordon Ramsay to come. Ke the founder of the billiondollar Investment Firm who says he is optimistic on the chinese economy in the long term. He made the comment interview on cnn on sunday. A lot of potential. Stuck with state owned enterprises as they innovate. I think they have a lot of potential. Betty optimistic on productivity even as the situation remained a tailwind. Bloomberg television is on the markets. About an hour away from the opening bell. Scarlet has much more at the opening news desk. Scarlet when you look at oil it is holding near its highest level in four months jumping 6 in april. Joining me now with his view is the Senior Market strategist at futures. It fell 3 10 of 1 last week. Was that resistance to recovering prices . We have got crude oil if you look back at the u. S. Here mounting expectations shale production peaked. We have seen a pullback in the months. Down 31 last week to 703. At its lowest level since 2010. We have seen a decline. I am bullish. Some larger bills in the stocks but a pullback to 56 may warned investors putting a stop on the level spared a push back up through 60. Betty it has been stuck in this range and has not been able to top 68. Why in the last few weeks . Collected is a push and pull. A lot of people out there are still bearish. The u. S. Is Still Producing highest level since 1980. We could see a lot of inventories. There is a lot of talk about running out of room. Inventories are quite high but we have got to make up lost supply on gasoline. Refineries will need to replenish that. They will use that crude oil and that is where we see the push through. Betty a great overview of push and pull factors here. Oil companies will be reporting earlier like chevron parents any plans and the impact that might have on prices . They are still tightening up the ship. You see a lot of contraction. Focusing a little more on what is most important, producing the crude oil and the highest levels at the lowest costs. Going forward, you will see the dividends start to increase. You will see traders come back in and going along with some of those stocks. Betty of all the indicators that could be used, how high does the strong dollar rank . Peter i think crude oil will push up to about 65 by the end of the year. You look at this consolidation pattern, we cannot to a 59 level and we back off and you will see a lot get hit, and that is where the momentum carries forward. Betty what is your confidence shale production has peaked and could level up and then decline in the coming months . What do you need to hear to convince yourself of that . Peter they will reiterate those facts and i figured the recount number is the most forward indicated. You will see the decline in the coming months. I think it is very important. Oil companies will discuss that as well and that is what you look at. Thank you so much for joining us. Betty scarlet fu. The earthquake approaching 3700. Officials say that figure could rise at least 5000 people were hurt. Millions are homeless. Severe shortages of food, shelter, medicine, reported in the capital. Aid workers say things are even worse in the countryside. A 122 days walk is the best of times. It is difficult to know how we will get there. We are hearing reports of casualties there and injuries. Betty nearly 180 mountain climbers are now safe. Several hundred others trapped. 19 were killed. One economist tells bloomberg could cost up to 5 billion to rebuild nepal. More than 3000 workers at germanyss largest lender to lose their jobs. Deutsche Bank Officials announced a longrange costcutting plan. The Company Wants to save 4 billion a year. It also lance to sell his consumer unit bank. The bank must be ready for tougher reserve ratio. Classic if the real danger the ecb does wind up harmonizing to the u. S. Standards. Even if those rules do not come if you want to compete with peers that is where the consensus has gone. Betty shares suffered its biggest drop in trade down over 4 . Revealing a reshuffling of the bailout negotiating team. It still supports the work of this fireman minister. Meanwhile, greek officials are scrambling to come of with 1. 5 billion. The Clinton Family is backtracking after an accusation in its new book. It admits eight mistakes were made on tax reform. Mistakenly combined with other donations. The statement was issued after an author said the foundation should be investigated. The author of the upcoming book clinton cash, said some may donations while Hillary Clinton was secretary of state. When you ever have an issue to flow of funds whether that is campaigns, whether that is to their spouse, if their evidence of a pattern of favorable decisions they made for those individuals . Point we made in the book is there are dozens of examples of that occurring. Betty her campaign denies any wrongdoing. School is out early today for 16,000 students. Corinthian colleges shutting its crypt campuses. It was once one of the nationss largest forprofit firms here the beginning of the end came last summer when a federal student aid was cut off. Regulators lied about grades, attendance, and job rates. A big moment in forprofit colleges. Much more is ahead. Miami heat, how much longer can south floridas real estate we will talk to one of the regions top rochers. Stay in the loop. Betty we are less than an hour away from the start of trade. Lets get back to our breaking news desk. Scarlet fu, looking at 3d printers. Scarlet that is right. Preannounced firstquarter sales and profit will be below analyst estimates. They say customers in the aerospace, Car Industries are cutting back because of the strong dollar and strong oil prices. It is looking into it and evaluating the view because of all of the uncertainties. You can see the rival also lower in premarket rating. The chipmaking equipment maker by market value in the premarket. 800 million, more than five times the activity in the actively traded stock. Its cracked its bit. Opposite opposition from regulators even after Companies Made concessions to regulators. Now appeasing shareholders by buying back shares. Plans to buy back 3 billion of its own stock. Speaking of stock buybacks apple will report earnings after the bell. People are fixated on the iphone sales numbers. We might see an increase of 33 according to analysts. Earnings probably jumped by more than 20 . The big question is use of cash. Will apple increase its buybacks . It is already at that level here what does that mean for stocks Going Forward . Betty . Betty lots of questions. Thank you, scarlet. Scarlet fu at the breaking news desk. Back to real estate. Possible deal in the works. Possibly signing with the miami heat, looking to sell his unit for more than 3. 5 million. Possibly may have already found a buyer from columbia. So reliant on the international buyer, a strong dollar having any effect on the mark