That is the goal of Melinda Gates and the foundation she runs with her husband bill. Erik lets begin this hour with the top business stories of the morning. U. S. Stocks have given back their gains for the year. The major indices are about 1 in the 30 minutes of trading. They are unchanged right now but they were still up in the nasdaq, you can thank apple for that. The fed is moving ever closer to a rate hike. The shares of the credit sq suisse are rising. One of the few ceos of a global bank to survive the financial crisis and its aftermath. Barnes noble missed quarterly profit estimates last quarter and its shares are falling. The company saw sales rise over the holidays, revenue was almost 200 in samestore sales, about 2 . College student bookstores back in 2008 barack obama campaigned on hope and change. Now americans want even more change than they did back then. They say they were prefer a candidate that will seek even greater change. They say Hillary Clinton returns to the policies of the past and other said the same thing about jeff rush. Ejeb bush. The number of americans who live in a household with at least one gun is lower than it has ever been. Only about 60 of americans have a hunter in their household. Stephanie more now about the changing of the guard at credit squeeze Credit Suisse. If i am one of the lieutenants i have to be thinking are you kidding me . These guys have been at the bank for decades, and they have been underpaid compared to their peers for the last few years. The stock has underperformed. Is the board saying none of your cutting it . At the same time, it is interesting, i spoke to the new ceo, and he has spent years telling me that we are not as risky as banks, and now it is funny that they are moving to a bank. This would have been one of the first times that they hear from their new ceo. I tried to get from him what he had planned. He said he knew what he wanted to do but would not give it away. Have a listen. It is really a very good brand, that is something you can work with. A lot of good people, good staff. What does that mean for Credit Suisse . It may mean that he is not going to focus more on Asset Management. He is an expert in that middle class well, tapping into asia. I think he is going to take a couple of risks as well. Erik did he give you any hints on that level . The swiss have been more rigid about bank capital than any Regulatory Regime in the world. A constant source of pain for brady dougan mostly because he was trying to make a go of it in the Investment Banking business. Do we have any sense that the new ceo will split up the bank, the private bank from the Investment Bank . What we tried to get out of him was very unusual. Prudential had earnings, so when we asked him about it, he said we will remain tightlipped because we need to speak to the people. He was too polite to tell us, basically. I have to listen as i come in. Someone told me once that i have two ears and one mouth, and i try to use them in proportion. For the first month im going to listen. I have a lot to learn. That is quite telling of how he sees his role now. He said asked me what im actually in charge, because that will make a difference and i can tell you what i think. I have known him for about six years since he was the head of prudential. He actually tried to do a huge deal, and by a company that was worth 35 billion dollars. It was a failed attempt, but he said you have to take risks and take them within the First Six Months of the job because shareholders forgive and forget. If you leave it too long, they do not forget and they do not forget. Forgive. Stephanie he was communicating to his team that they were so well capitalized, but i have not done they have not done much. When you speak to a lot of investors they say it is time for a change at Credit Suisse because they are so under pressure. Theyve to deal with all of these bank secrecy laws. He seems to be following in his former pattern. What is legacy will be remains to be seen. He is turning to Asset Management private wealth, and we will find that out pretty soon. Erik i am just looking at a chart of the Stock Performance and it is extraordinary. Is it possible to put a finger on what investors love about him so much . He is very focused on asia. He probably knows more about asia than any u. K. Ceo. He saw the opportunity. He looked at the private wealth over there and said the skies these guys need prudential so they can have insurance. Going after asian growth has paid off, and shareholders have been happy with him so far. We also asked him about that and he said that is just a nice going away present. Stephanie thank you. I have spoken to in front of Credit Suisse people who are surprised that they have been so frustrated and are excited to have a change. Erik when we come back, one euro equals one dollar . We are very close to parity. Stephanie why women still have a long way to go. I spoke with one of the worlds wealthiest philanthropist about what she is doing to change all that. Stephanie welcome back to Market Makers. It is time to bring you uptodate on the top stories of the morning. There was an unexpected increase in sales at barnes noble last quarter, because it was so cold. The Largest Store chain says that samestore sales rose almost 2 . They are preparing to spin off to College Division that would leave the company with its retail chain and did note the reader unit. Hillary clinton will finally talk about the email controversy that has rocked her potential president ial campaign. She is expected to make a speech today. It was reported last week that she used a private email account or conducting official business as secretary of state. A growing number of democrats have urged clinton to take on the issue and put it to rest. Maybe money can buy you love because steve, is looking for a new edge. They have hired about 30 people to work on a big data project. They will build computer models that collect publicly available data and analyze it for patterns. Last year they shut down and paid a record fine on claims of insider trading. Stephanie you can call it the incredible shrinking euro. Edging ever closer to parity. Erik the euro and the dollar have not traded 141 since 2002. This is great news for americans planning a vacation in europe not so good for companies wanting to sell to europeans. Sebastian, why is everyone so fixated on parity . It is a technical analysis. Is all about beautiful numbers and things that and process impress us. Parity is something that has no meaning whatsoever, but it is nice. Erik the more difficult it becomes for American Companies to sell dollardenominated services to european, they have more buying power. They are built on internal consumption. We are boosting the u. S. Consumer, it will help the eurozone. In my own writing it might all be good for the u. S. The better the eurozone does the better we will do. Stephanie the fact that were watching the euro dropped is not making you construed concerned . People might not be well hedged and that would be the question you would ask why they did not hedge properly. I think for the Development Market it is not too much of an issue. This is where they are really exposed if they did not do a good job. Stephanie is it too late for me to try to head if i am a corporate ceo today . No. The risk of parity is pretty significant where the market is targeting it. We have a target of 105. There is a tremendous amount of pain market if we reach parity. A lot of people are willing to hold their positions as it addresses us closer agesedges us closer. If you look at the eurozone what the u. S. Has accepted is that they are resetting the button in terms of labor. European labor is too expensive. They have basically reset the level. That is accepted by the u. S. You can see the currency wars in russia, and in the case of the rest of asia, there is Income Management of currencies. They might let the currency we can, and that would not be a currency war. Erik what is responsible for the move we have seen in the past couple of days . Is at the beginning of quantitative easing by the ecb . Or is it the fed expectations . What youre seeing is a very mechanical relationship. You can see what happens if you buy long dated german or french treasuries. As they go lower, people who need to do best out of these markets, and do not have any place to put the money, they have to sell the euro and by u. S. Treasury. The mavs involved are tremendous amount involved is tremendous. Part of which is in negative territory in terms of yields. That has to go somewhere. You either riskier asset risk your asset in the eurozone or the United States. It will have a Significant Impact on orders with low value added in the United States. It is a small tear of the corporate spectrum. Not too much of a credit risk issue, but it is a reminder in the market that the United States has been easing for a long time. The dollar is very cheap. Productivity is very good, but we will have to get more productive Going Forward. That means some marginal deflationary pressure. Erik we were talking about this as we sat down why the pressure . It is the consequence of people looking at whether or not to buy this because of the higher Interest Rate. They are not looking at the Balance Sheet. This is the buying anything without looking because we have to sell something else. Stephanie or do people see this as a standalone, not subject to the craziness . It is an environment where everyone is trying to weaken their currentcy. It is just not looking very good. Erik if you were in a position where you had to make a decision right now about the future of the euro over a certain time, where we going to be six months from now . Probably as parity, or the 1. 05 region. One should be quite wary of the fact that there is a tremendous amount of acid for that trade. It is rare that you had the second half of the year before getting a squeeze out of the acquisition. Stephanie investors, not corporate, how nervous are they right now . A lot of investors are long dollar. They are making a lot of money. The people who are in trouble are the ones who have to hold euros and who cannot get out fast enough of these positions. European asset managers, and for reserve managers were old very large amounts of euros who hold large amounts of euros. Erik thank you for speaking with us. Stephanie we will be back after the break with details on todays stock selloff. The party that was going on yesterday is over. Erik we are about an hour to the trading day, and it is a stock selloff. Our senior markets correspondent, julie hyman, is the a closer look at the bloodletting on the street. It just the worst since some of the down days recently. The thinking has turned toward the Federal Reserve and when it will raise rates. That is a having a negative impact. A selloff of more than 1 and evening as the day goes on. We are not seeing that thinking about a difference in rates arise from there. The outlook for rates reflected in the dollar. The sectors that are the biggest drags on the s p 500 today is he so the socalled cyclical sectors. Financials Consumer Discretionary stocks all of those are dragging down the major averages. That selloff does Gain Momentum as we get into the session. Erik thank you. The latest from julie on the markets. Stephanie just yesterday milton berger, a guy who is not about momentum and headlines, he is all about history, data, statistics, he things the fair market is bear market is coming. Today we have to take a break. When we return, making the world a better place for women and girls. I talked all about that with Melinda Gates. Live from bloomberg headquarters in new york, this is Market Makers, with Erik Schatzker and stephanie ruhle. Erik good morning once again. This is Market Makers. Back to the bulletin, bring you up to the speed on the top business stories. Stocks are taking a dive. As we speak the dow and the s p 500 or down all three industries are down if you add in the nasdaq. They have given up all of the gains for the year. Nasdaq, thanks to apple is still up about 3 . Credit squeeze announced that their longtime ceo will be leaving in june. He will be replaced by the prudential ceo. I think it is a great institution, a phenomenal brand. We deal many issues as ceo, and there are opportunities and potential there. Erik he has been under pressure to shift away from Investment Banking. In the end, General Motors decided it was better to work with very wilson then to fight him. He spoke with betty liu this morning and said he was impressed by how well they responded. It is critically important how they responded for the marketplace. The cost structure is much lower, the Balance Sheet is much better. They laid out for the public how much cash they need to whether eaweather another recession. Erik he will get back 5 billion in stock rather than the 8 billion he was asking for, and not get a seat on the board. Twitter acquired periscope Live Streaming and video. Users will be able to explore the world through someone elses eyes. The u. S. Ambassador to south korea has left the hospital five days after he was slashed in the face and he is directed to return to work as soon as possible. He required 80 stitches to close the wound on his face. And in pro basketball, chris bosh plans to Start Playing again in september. His season was cut short because of blood clots in his loung. Erik a new report urging equality for women. Stephanie weiland concludes that there has never been a better time to be born female so much work still remains even in the United States. I got a chance to sit with the one and only mainland the gates Melinda Gates to talk about the challenges to be addressed. Melinda we have a long way to go to get women empowered economically. Societies thrive all over the world. When you look at the pay gap that still exists, or the number of women participating in the workforce, Property Rights women are still left out in many countries around the world. Stephanie could you come away with a reason if you look at the data . Melinda the idea was to really pull it down so we could look country by country because there is no onesizefitsall in this. If i had to look at one magic bullet of where we should invest, over and over again it was glaringly simple, education. Weve gotten girls to the same level of boys in primary education, but we have not invested in secondary education. Making sure that they persist in education. If you can do that, you open up a lot for a girl. Stephanie betty 50 of College Graduates are women, but they are virtually nonexistent in these jobs of the sea suite csuite,. Melinda we need to not just mentor them, but sponsor them. Hold an interview loop open until you have enough qualified women candidates to consider. Stephanie if a woman decides to have a family once the kids get schoolage things are hard. Oftentimes the family decides that someone needs to go home. His Society Ready for the conversation of either the husband or the wife . Melinda i know many households were they chose to put the woman first. That takes courage, and you have to have a man who once to stay home and a woman who wants to give up that role. The only way we get there is for individual families to make those decisions and to have many more for making that decision to where it becomes an ok thing to do. Stephanie i think of myself as a very forward thinking woman, and yet i still have that anxiety when a husband tells me he stays at home. Melinda i do not think were there is a society. We need to work on empowering women until we have lots of different styles of women and far more women as ceos and in congress. Stephanie turn the clock back. It is studied science and engineering as well as business when you were in school. Did you think that years later there would still be so few women in these fields . Melinda ima Computer Science major, and in the 1980s there were 37 of undergraduates that were women studying that. Now it is down to 18 . They do not see the tech center as something that is welcoming. But in medical studies and law degrees were graduating more women than men. Stephanie who needs to be doing that work . Melinda it is everybody. The media, when they turned to an analyst or next four, they turned less than 25 of the time to a woman. That is a problem. Businesses need to say to themselves, why do we have women stagnated at certain levels . What is it we should do . Is it something about our family leave policy . Are we not looking a qualified women candidates . Across all of these places we need to do more. In the government sector we need to grabpple with paid family leave. It is crazy that we do not have that in the United States. Stephanie is there another country outside of the United States that really needs to work on this . Melinda low Income Countries still have a whole host of issues, whether it is Property Rights, or access to a loan. Pridemarily in africa women have farms, but if they do not have access to the right seeds, they will be vulnerable. As i travel around the world, i think about what those