Preliminary pmi. Also pmi data out of europe showing growth in manufacturing closed fastest pace since 2011. France improved and german manufacturing the highest in three years. A mixed picture but over the weekend very clearly we saw the idea of a tempered Global Economy and decidedly tempered russian economy. Something we will be able to discuss with Richard Clarida, guest host for the hour as well. Economic data in the u. S. , not a lot to go on. Chicago fed National Activity index. That does not typically move the market a lot but market pmi numbers for the United States at 9 45 p. M. Nine footie 5 00 a. M. Toi know you want to get company news. Herbalife to nominate three additional carl icahn designees to the board. Of course, herbalife has been down i think 42ish recently but there is a continuation of the soap opera. Bill miller on friday i thought was brilliant in his support of activists like carl icahn. He definitely was in the corner of carl icahn and also made comments about apple. No our earnings to note but on the schedule, president obama arriving in amsterdam. He is at the hague for a meeting with World Leaders on the ukraine. We will bring you headlines. Lets look at the data check. Influenced by rescue. Stronger ruble. Features up for. 10year, does nothing. Eurodollar, 1. 3774. On we go to the next screen. Foreign exchange late. Gold weaker. I think it is a big deal. Really made a dash four 1400. The yen churning and the two year yield i will get to in a moment. Heres the twoyear yield back two years ago. Up we go. Here is the got. As weantly, the headline continue that this morning, a higher twoyear yield. Everyone wondering what she will focus on. She pointed to a whole range of factors. No longer the 6. 5 Unemployment Rate quantitatively a mystery. We will talk to Richard Clarida about this. A busy morning, with the president speaking in amsterdam. We scour the front pages and websites to bring you our front page. The backdrop to the president s comments is russia seized and other Ukrainian Military base in crimea. Russian helicopters and armored personnel carriers were deployed in the ukraine flag was pulled down, and the president landing in the netherlands for his meeting with the g8 minus russia the g7 again . Brendan greeley with us. Ian bremmer was going out front with g0. The metric is moving in that direction. I am not really sure they are a negotiating partner anymore. This idea we are playing is playingd putin chess. I read something over the weekend saying that game theory is a different that we are playing chess and he is playing rugby. Absolutely. There is the front page. We will get to Richard Clarida on that in the moment. Our second frontpage story is we are tracking what is going on with Malaysian Airlines flight 370. Government officials are saying there are new leads of the missing jet but none are conclusive. One chinese plaintiff spot to objects in the south indian ocean. This is not satellite imagery but they physically spotted it. In an area identified by satellite imagery as possibly containing debris. But bad weather is hampering the search. Everyone listening and watching in australia the idea, no question about it, two separate chinese efforts, the and the plane. Ry there is an impatience on the part of the chinese to get something done especially since they feel malaysia is kind of dragging. Our final frontpage story, apple is in talks with comcast about streaming tv. This is according to the wall street journal. This would involve an apple settop box. The talks are in early stages. Longawaited the apple tv that everyone has been talking about. We will spend a good amount f bloomberg surveillance today translating this. Why is this a big deal . What it is a big deal it is a big deal because the hardest and to do is to get the last mile to the customer. To are apple, you have you have to get into the living room. Comcast has increasingly large footprint, possibly a third of the market of the deal goes through with time warner. If they can make apple faster and they can make other things slower, a huge advantage to apple. Is apple failing and they need comcast . It means apple is winning right now on the market so, the market is not about technology right now, it is about finding the right part of it is apple has found the right partner and comcast. Not yet. This is still in discussion. And we will discuss this further in the program as well. Can we not discuss my bracket . Returns to my tax this is the worst year ever. You were looking for Wichita State to go all the way. Kansas, kansas, and i failed it. Better luck next year. No billion dollars from Warren Buffett for you. Headline news, the president speaking in amsterdam. Russia seized the last remaining bastion of ukraine in crimea. A Ukrainian Naval base is gone. Western leaders gather at the hague along with the president in search of a response. International correspondent hans nichols joins us now from the netherlands. Good morning. What do i need to know about this meeting . What will be the lead discussion point, visible or less visible, for the president and World Leaders at the hague . Outtakeost visible bested the meaning and of the g7 is there an increase of sanctions on individuals toward industries . So far we have had sanctions targeting individuals. They are not targeting industries. That would be a significant escalation, and it would mean president obama gathered and gained a lot of support from his counterparts here in europe to go a little bit further and to go against their economic Interest Rate of that is the issue, right . Europe is so reliant on russia for the energy and power tom of their wouldbe economic consequences here in europe. The relationship of the g7 and at the hague and nato . It should be seamless, and should be tight. The g7 has been rebirth after the g8 died a couple weeks ago. The irony is the g8 has been diminished for the last five or six years, where the g20 has been important. It is all a very boring way of saying that Economic Issues have dominated the last five years in terms of crisis response. Yes, there have been wars in afghanistan and iraq, but the form for dealing with military action has always been nato. But it has always been a la carte nato. We have seen that in libya. We have seen it in mali. Nato has assets, it has abilities, but not necessarily unanimity of well. The talk this morning is dova could be mol the next crimea. I had to find it on a map. Are people talking about the next crimea . Yes they are a must for a simple matter of boots on the ground. What satellite pictures pickup, and that is Russian Troops amassing along the borders of. Astern Eastern Ukraine there has been some dialing back and russia says it has no plans or pretext to go into those countries. There is a fair amount of discounting. But the risk is the fact they have a large amount of troops next to those borders. It is not quite a walk in but it would be awfully easily easy for them to plant the russian flag and increase their sphere of influence and zone of control. The president will travel from amsterdam to the hague in moments. Richard clarida is here from pimco. Without question, what one of americas leading monetary academics. True expertise of the german political economy. Pimco, head of global strategy. To live almost a swirl this morning. What is Richard Clarida focused on what im mentioned the word russia, ukraine, crimea . Far it is remarkable how little turbulence of this has caused and markets but if you told me six months ago that after the olympic we would essentially will be seeing in ukraine, i wouldve thought this would have been more negative for rich risk assets. Why it hasnt is precisely because russia looks like it has leverage. We will not with boots on the ground of ukraine. We are not members of nato. It would get more series of russia tries to press a general into a confrontation with the nato. With your great work in colombia, and academics like you, frontline monetary monetary economist. I think the alan krueger at princeton you have sidecar interests. Your sidecar interests of germany. What will miracle Angela Merkel do given your knowledge . Isobviously, germany important economically but it tends not to be a main player in the military discussion because of bobby is history. I would expect her not to be leading the agenda but be part of the effort that probably will be driven out of the u. S. Youre here today. Richard clarida from pimco. Scarlet fu has breaking news. Herbalife will be nominating icahn additionalprocarl designees. Carl icahns company is the biggest shareholder in herbalife. Another interesting point is that bill ackmans investment, his short position, is close to breaking even. I did not know this. A bloomberg exclusive. Rendon greely Brendan Greeley, this story have a life of its own. I dont understand the obsession. It is just a ponzi scheme. Not going to carl icahn. What did i just do . An exclusive from Brendan Greeley. Back on herbalife as well. Never ending story. Lets get to the rest of our company news. One of jpmorgans top bankers in asia leaving the firm. He will resign as ceo but of Investment Banking as jpmorgan is investigated by the u. S. For its hiring practices in asia, looking at whether the firm employed people in the region to win government business. Nokia and microsoft deal delay. Nokia said the sale of its mobile phone division ii microsoft will not close until april. The companies predict that the 7. 5 billion deal would be completed by the end of this month but talks with regulators in asia have dragged on, leading some to believe more concessions may be necessary to get approval. Cisco sets its sights on the cloud bank. It will offer a billion dollars computingcloud services to corporate customers, putting cisco and competition with amazon which is the leader in the market. Story. W that everybody is in the cloud. All of my radar is up. Too easy. I think a bigger thing for cisco is they need to get away from networking gear. Clout and internet, the buzzwords. A busy bloomberg surveillance this morning. Apple tv, apple and comcast may have a deal for set top rocks that streams video. Could this be the longawaited apple tv . It brings us to our twitter question what would it take for you to cut the cord . Our producer Courtney Collins already did it and she is spared 180 every month. This is bloomberg surveillance on Bloomberg Television, streaming on your tablet, smartphone, and bloomberg. Com. Some breaking news from grub hub, offering 7 million shares as part of their initial public offering. Looking to price the shares between 20 22 a share. It will be offering in total 4 million of shares, and selling holders offering just over 3 million shares. Can you describe what they do . Internet that form where you can order food online and then they will deliver it. You dont have to talk. This is your daily meal, isnt it . Grubhub, happy eating. Brendan greeley. I have advised buy electric bike companies. All the Delivery Services are using electric hikes. Bikes. Brendan greeley leveraging the news over to electric bicycles. Has the Important News item. Broken the last 12 hours. According to the wall street journal apple and talked with for a streaming service that uses an apple set top box. Discussions are in the early stages, according to people familiar with the situation, but possibly the best indication yet apple will finally offer consumers an incentive to cut the cord. Let me talk to Brendan Greeley. I have no clue what scarlet just said. Can you translate this . Until now, there have been a couple of basic agreement in place completely unenforceable that said no content provider can have any Service Faster than any other content provided. Apple, youtube, anybody who makes video, they can get to your house any faster than the other, they cannot pay to get there faster. That is about to change. You have netflix saying they are willing to pay comcast to get faster to your house and now apple. The only reason to have a deal is if apple can get to your house faster than anybody else. Comcast doing it because of nbc or is comcast doing this i mean, this is a hardware distribution deal. Netflix is more content distribution. They are doing this because they can. Comcast has an absolute chokehold over a third of the American Market they may after the time warner deal. They are losing paytv subscribers and is a revenue they are not getting that they could be getting. What is it mean for innovation . Longterm it is a real problem. You have companies that are established by now apple, netflix, google trying to figure out how to disrupt tvs. The second they can get into a comfortable relationship with cable providers and tempe extra money they can keep any the companies from innovating. We dont know what the next netflix is but netflix may be able to prevent that from happening. You are confused, because when you talk about appleview are just looking at use of cash and whether it is overvalued or undervalued. We spoke to the legg mason chairman last week and this is what he says about apple. Trades at belowmarket multiple in terms of p e ratio, has more cash on its balance billion,ose to 160 the most Profitable Company in the history of the world. Apple is his biggest holding. And Richard Clarida from pimco as well. This is not your wheelhouse. Do you use apple tv at home . I use it for everything else. But, no. The apple tv you are talking about about right now is the hockey puck. Did you say hockey puck because he spent the whole weekend in a rink . I did. We need to do more on this. We will be speaking to an analyst in the next hour to find out what it means. Brendan, i am thrilled you are here get i simply dont get it. I dont get apple tv. May be this way what would it take for you to cut the cord . You pay for Cable Television. 180, 200 a month. Tweetn of apple tv us. What would it take for you to cut the cord . More Bloomberg Television coming up after this. Good morning, everyone. Im tom keene. With me, scarlet fu. Our special guest cohost, Brendan Greeley from Bloomberg Businessweek. Right now lets get to the morning mustread. The question posed is where do most Successful Americans come from. In writing in the whererk times boston is you find a lot of successful people. With numerous universities, it is doing in innovative ideas. It is an urban area and draws plenty of immigrants whose children are given to apply these lessons. I lived it. The school system. Richard clarida from pimco as well. The important part, fenway park, people say that is the major reason. I am sorry, it goes back to early 19th century, Elementary Schools and public schools. Nothing to do with harvard and m. I. T. , bentley university. Absolutely. There are a lot of factors at play. I would not say boston is unique in that regard. There are other cities as well that will show up on the list. But it does have that combination. Of the melting pot idea. My grandma used to sit on the couch after the third scotch and talk about the decline of boston in the 1930s. There was a real slowness to boston and they had to reinvent themselves. How do other communities reinvent themselves right now . T will we have seen what we have seen the last 30 years is the accelerating trend Success Builds on itself. Property values go up. I got to new york in 1988 and the city has been transformed. Arehe other direction cities that dont have those things together. Where did you grow up . What Marine Corps Base of all across america. You thati can tell this explains bostons deep resentment toward new york there it they are famous and working hard. And new york is dimly aware that boston exists. And no respect. This is very true. Michael mckee in our next hour will discuss the tension, the social chaos, something to do with the red sox and the yankees . How did he go to spring training and you and i are not at spring training . Practicee to go to the back in summer time before hockey season begins. We will actually go to mike mckee in florida shortly because we are asking, are sports stadiums a bad investment . He will discuss the economic benefits and risks next on bloomberg surveillance. Good monday morning. Bloomberg surveillance. Im tom keene. With me, scarlet fu. Brendan greeley joins me from Bloomberg Businessweek. The president will be in the hague. A lot of russia and chromium politics gets in the way. Stocks, bonds, currencies, commodities. Risk on. Up. Ties are the rubel does better. Stronger russian ruble. Hydrocarbons go nowhere over the weekend and into monday morning. Chinese stocks rose even though the pmi was disappointing. Like a big looking for direction. The last week of spring training, even though it is 30 degrees in new york. Baseball fans are in florida to catch a glance of their favorite players. Is the inflow of visitor giving the local economies a boost to justify the investment in stadiums . Economics editor mike mckee is trainingd sox spring field in florida. Good morning. I have to tell you, a little cold here this morning, only about 71 degrees. Tom, he will be turning green. An interesting thing to watch. The stadium is only a couple of years old and it is amazing. Up north the red sox play in one of the oldest ballparks in america and down here, one of the newest. Although sometimes it is hard to tell the difference. They call a friend way south with good reason. Sure, it looks ultramodern from the distance b