And im Stephanie Ruhle. Lets start today with the latest on the plane crash in ukraine. The government there is trading accusations with russia over who shut down the Malaysian Airlines jet with a total of 298 people aboard. At this hour, the Un Security Council is meeting to meet to talk about the tragedy as the investigation gets underway and president obama will officially speak about it at 11 30 a. M. We will have it live here on bloomberg. It to ryanlets take chilcote, on the phone with us from kiev. Latest . He the latest is that at the time of the crash after the time of the crash, they have begun the rather grim task of recovering the body. The bodies. 298 people were on that flight, so they have a lot of work ahead of them. The crash site spreads over about 10 square miles. The plane is very high up. That is where you get such a spread of debris. The bodies will be transferred from there to a city, which is under the federal governments control. You see how confusing it all gets. And the militants and the relatives that are scheduled to arrive, some will be traveling on a flight scheduled to arrive soon and they will go together with interpol to try to identify their loved ones. I know there is ongoing blame between russia and ukraine. At this point, what are both sides saying . They have both come out with some serious allegations in the last few hours. The latest of which was that not only did the russians provide the surface to air missile thatm, but they are saying it was operated by three russian servicemen and they are demanding from the kremlin the names of those men. They also said they detained two russian citizens near the border hadde ukraine, one of which paperwork on him that suggested he was a missile operator in the russian military. The russian government has denied it and said they had nothing to do with it. Ultimately, they are blaming ukraine. The russian president is saying ukraine is responsible for the civil war and that is the only reason this crash happened. What was the flight doing there in the to begin with . Why was it in this part of the world . That is a good question. Donetsk, the eastern part of to fall just happens between western europe and southeast asia. A lot of airplanes were flying over that area for several years now. Before the conflict, before this , about 400 flights transited through the airspace there everyday. Since the conflict, that is down to about 100. Flight 17 was in the right where it was flying at about 30 3000 feet. It was above the 32,000 foot ceiling. At 33,000 feet. It was above the 32,000 foot ceiling. Someone should have thought about that a little bit more. Thank you for joining us live from kiev. Ryan chilcote. Former secretary of state Hillary Clinton has now officially weighed in on the issue of who is to blame. She was interviewed by our own charlie rose last night. The questions i would be asking is, number one, who could have shut it down . . Ho had the equipment it is obviously an antiaircraft missile. Who could have had the expertise to do that . Because commercial airlines are big targets, but at the time they got over that part of ukraine they should have been high, so it would have taken some planning. The Ukrainian Government has been quick to blame it on terrorists, which is their name for the russian insurgents. And there does seem to be some growing awareness that it probably had to be russian insurgents. How we determine that will require some forensics. But if there is evidence pointing in that direction, the equipment had to have come from russia. Russians may or may not have done, we dont know. As i was walking into talk with you, i read that the russian stock market has dropped. There is a great deal of concern that not only was a civilian plane shot down, but what this means about the continuing conflict in Eastern Ukraine and the role that russia is playing. Can watch all of charlie roses interview with Hillary Clinton tonight here on Bloomberg Television. That is 8 00 and 10 00 p. M. Eastern time. Who makes the next move in ukraine and what should it be . The first u. S. Ambassador to adviser innow an business law throughout the world and he comes to us from washington this morning. Mr. Ambassador, what should the move the next move be . Should it be Vladimir Putins or someone elses . Glad to be with you. First, what happened in the ukraine is a tragedy and our prayers and thoughts go to the victims as well as their families. Having said that, it is a big political issue for the United States. The next move right now is for the International Community to see and to get to the bottom of what happened and who is responsible. It is important to get access to the site and it is important for experts to get to the site to examine the fragments of the plane that came down and determine what transpired there. How hard will it be to get that access . You know that region of the world better than us. Difficult, it will be to get unbridled access. I would assume at this stage of the game, but time would tell. You are dealing with the sovereign rights of the Ukrainian Government, who obviously wants to be in charge and in control. And then you have the problems with the russians and all that has been happening in Eastern Ukraine. To untangle all of that is going to take a few days. Hopefully, the International Community will be able to get good access to the site. Remember, there are well over a dozen countries represented on the plane in terms of the victims. There is a Wide International base of concern for what transpired. They have to get to the bottom of who is responsible. Mr. Ambassador, if it had been an American Airline whose plane had been shut down, what would be happening right now . The United States would be very, very concerned. It is always difficult to deal with hypotheticals in situations like this, but if it had been an American Airliner that had gone down, obviously, the United States would be taking the foremost of lead to get to the bottom of this. Dealing with the russians and the rest of the International Community to get unbridled access to the site. The facts are still a little murky, but if we accept the idea , the theory that it was ukrainian insurgents, prorussian insurgents, who shot this jetliner down and they did it with a missile launcher provided to them by the russians, what can the International Community do . The sanctions that have been applied thus far do not appear to have changed that much. Many question whether harsher sanctions will have more of an effect. That is a very good question. This. D have to say if it proves that the russians were involved directly or indirectly in the situation obviously, all of the evidence right now indicates that the russians were involved in one way or the other. Dont forget, they have been fomenting a lot of the conflict going on in that part of ukraine and have been responsible for it. The next best step right now is for the International Community to get together. This is a golden opportunity as i see it, for the International Community to see if they can freeze the border between ukraine and russia, thereby preventing the continued shipment and equipment of personnel into ukraine that is causing this kind of these kind of events to take place in ukraine. How would that be done . Peacekeepers . Who could seal the borders . The cooperating forces in europe have been monitoring the region and they could play a role. I think the osc could offer its services. The International Community can exert a lot of pressure on the russians to accept this kind of plan. Have monitors on the actual border where they can monitor the goings back and forth between the two countries. That should be considered by the two bodies as a first up, but the osc can definitely play a role. Realistically, do you think that could actually happen . Could they band together and organize and take action like that . One could argue its a good idea, but how realistic is it . Goodat is also a very question, stephanie. Rush albeit they want to keep will place as fungible russia obviously wants to keep the whole place as fungible as because any other action would curtail their activities in the region. That there is heightened concern isut this conflict and it incumbent upon the United States as well as the rest of the International Community to try to take the step. If they do not take the step, it an opportunity lost. The Un Security Council is meeting right now. Weve been showing our viewers live coverage of that. What might that meeting produce . Russia sits on the Security Council and has a veto. We know that means the prospects are somewhat limited. But within that scope, what could it . What could it be . I think you will see them try to get to a consensus in terms of the statements that will come out. At a minimum, what the Un Security Council will do is call for an investigation and call to seeess to the site how this whole incident transpires. I dont see any kind of political activity taking place in terms of the u. N. Condemnation at this stage of the game. Theill be to get access to site and calling for a very fair investigation of what is going on. And probably ask for not only access, but for all the parties to stop their activities in the region, meaning the separatists accept the ceasefires that the ukrainians have offered in the past. Part of theably political push that the Un Security Council will push at this time. Mr. Ambassador, thank you for your time this morning. , the former u. S. Ambassador to ukraine. It is time now to see the top business stories from around the world. Another American Company will be taking up legal residents overseas so we can pay lower taxes. Abbvie cleared the way for that today. It has agreed to buy british Drugmaker Shire for 55 billion. According to les moonves, 21st century fox would be willing to if they team up with time warner. Endowment may be underperforming its peers when guess what,p l, but the pay of its executives is right up at the top. Executives that came from harvard received a combined 44 million. The 2012 endowment have the worst performance in the ivy league in 2012. It is good to know that they do not have to be linked to performance when it comes to the endowment money. The comings and goings from google to hewlettpackard in Silicon Valley. And the controversy over uber and airbnb may change the political map. One localperson mover think so. We will be speaking to grover norquist. It was a different kind of earthquake in Silicon Valley last night, a big change on apples board. Plus, meg whitman gets a promotion. One of googles top executives make his exit. From San Francisco with cory johnson. Lets start with meg whitman. She was the ceo, and now going to be the chairman of the board, as well as hewlettpackard. Traditionally, we know that flat out better Corporate Governance and separating the ceo and chairmans role always leads to better than average performance on wall street. This consolidation of power comes in the context of think about the results of this company. 11 straight quarters of sales decline on a yearoveryear basis. And the business is getting smaller and so is the diversity on the board with way with meg whitman taking the most important roles the two most important roles on the board. Less diversity of opinion on that board with her in charge as the ceo and the chairperson. Lets be fair to meg whitman for just a moment. Are you trying to be unfair . No, im with you that it is not a healthy sign that the chairman and ceo should be the same person. But as far as the sales decline at hp, maybe it was too big a hasness and maybe she brought it down to something closer to the right size. What Warren Buffett always says is when the representation of a when the reputation of a business is crummy, it is the the business that must succeed. That business has gone far beyond what negligence that it was going to do. Whathe restructuring meg whitman said he was going to do. And the restructuring charges with it. One quarter of her performance bonus is based on results before restructuring charges. While investors might be looking at the net profits of the company, shes looking at the net profits not including restructuring. The more restructuring goes on, the better portion of that bonus she gets. This week, we side jimmy cookns of with tim shaking hands. Ibm is in trouble. Is that why they are in business together . Ibm need better products to sell to its customers. That is why they made this deal with apple because their customers are demanding ipad and iphones as well. An initial glance at the results doesnt tell you. You have to get under the hood to see what is going on. Almost every portion of this company is shrinking. And it has been shrinking over nine quarters of sales falling. But there is a lot of stuff that is not quite as obvious. If you dig into this, first, share buybacks are a substantial portion of the trading of this stock. It did reduce the amount of shares, close to about one billion shares now. Little adjustments like the tax rate help them make the earnings number that they otherwise would have missed if they had cap taxes flat on a yearoveryear basis. That is not a strong sign for a company like this. I would like to shift our attention to the third leg of the school, google. Google also reported earnings last night and also continues to grow at a blistering pace, may be slightly slower than it has in the past, but ibm would love that kind of growth and so would hp. Nakesh cash aurora aurora, one of googles most senior executives, walking out the door, how big a loss is this . Part ofs been a big this company in every way and they have been wise to boost them up in every way. 14 yearoveryear sales growth, but when you dig into the numbers, you saw a lot of specific nikesh arora initiatives. Was three times the rest of their business. That was one of his initiatives. It is those kinds of initiatives that will let google grow tremendously. Revenues are devoted to this quarter. Theseof it is because of platform that he has brought there. He just got married two weeks ago, and now getting a new job. All of these big changes. Thank you very much, cory johnson. Have a good weekend. My favorite, one of segments, hot money. An environmental treasure and economic powerhouse we are talking about the park service. We are approaching 26 past the hour, so it is time for bloomberg to go on the markets. I want to point out a couple of tech names. Over at google, shares are up six percent after the top number numerous estimates. Gets paid every time someone clicks on an advertiser link, so higher volume means more revenue. Ibm shares also on the move this morning. The dow down 1 10 of a percent this morning after sales dropped. Last quarter put pressure on ibm to extract more revenue from Cloud Computing and other businesses it is venturing into. And finally, shares of amd tumbling right now, off by almost 20 , the biggest drop in 8. 5 years. Quarter missed analyst estimates. Amd also not benefiting from corporate computers that seem to be benefiting other industries. Makers with Erik Schatzker and 50 rule will be right back. And Stephanie Ruhle will be right back. Live from bloomberg headquarters in new york, this is market makers. I am Erik Schatzker. Im Stephanie Ruhle. Americas bestknown antitext activist is waiting in the debate when the debate. People love them, city and state governments dont. That is aquist says big opportunity for republicans. He is with us to explain why. Grover, how is this an opportunity for the gop . Of a series. You sell this when the internet started selling, amazon and others, the first thing democrat said mayors wanted to do was tax internet sales. They did not see this as a tremendous expansion of peoples abilities and freedom to shop in the middle of the night or not have to travel to get things the next day. They said, we dont want to hear about this until we can tax this and regulated. Theres a vote democrats are pushing, demanding in 10 years they tax Internet Access and in the same bill, they tax into net sales. What we now see that was the previous 10 years fight and now the democrats are pushing hard to tax sales over the internet. They think theyre going to win. We will see. In city after city, you have, i would say, corrupt commissions that want to keep out competitors. They havent figured out how to tax them. They have special deals with the hotel guys where they have agreements and you give us money and we are happy. All of a sudden, there are new competitors and democratic mayors and City Councils and the congressmen and senators who answer to them are saying, we are with the past, not the future and i think this is dawning on people who think of themselves as San Francisco liberals, meaning, they want to see the world move forward, not back in the 1960s and 1970s. Wheres the opportunity for republicans . People dont generally think republicans side with the disruptive innovators. Andoint in fact, they do they are. The people you have to be in washington, d c to let uber stay, mcauliffe and virginia have been trying to stop uber from spreading in virginia. Theyre