Benchmark Interest Rate. Thelive and well around world. Economic data in the u. S. 2 00, the Monthly Budget statement sometime today from a friend in washington. We will do more dislike whimsies and the mortgage. Monday. Ts up a quiet an amazing week of Economic Data coming up. Retail sales tomorrow. Ppi on wednesday, cpi, consumer inflation. And then housing data on friday. We will know a lot more about the American Economy as we go to through friday, which will be a good thing. What else do you have . The guys that give you internet when you fly around in the air will be before the bell. Will be after. With a great fiscal chart for you. , the euroeld, 2. 64 is mario draghi weaker or the press conference. Crude oil has done nothing since time began. Frothiness inthe the market. Russian ruble stronger. The russian 10year about nine percent. Hour twoyear yield still under after the yellen comments a week ago. Backis the budget deficit of the 1970s. There is the clinton surplus. Down we go, the world is going to end. This is a huge surprise. We have come all the way back at you put the flat line at zero and you realize how few years would you go back, 50 years . How few times we have actually run a surplus. We got close in the early 1970s. There is your budget deficit compared to gdp. We will talk about that here in the hour. What a weekend. We scour the papers of the web. We start with ukraine . Ukraine vote for self role. Progress and supporters say a large majority voted in favor of secession. Ukrainian government calls them illegitimate votes, and so does the u. S. And the you. Donetsk, 90 , and another region, 94 to 98 in favor. Saw ao not believe i ever election like this. Moreecdotes about how some kabul or stapled together by paper. Violence. And some of the ballots were actually xeroxed pieces of paper. There is Nothing Official about this. And kiev pointed out in one addictive the town, only four of the 100 voting stations open. Criminal farce was the language out of kiev. We will address this through bloomberg surveillance this morning. Nick burns here in a little bit. Our second from page story is about Rupert Murdoch, in a european showdown with his longtime paytv rival john malone. Get british deal to Sky Broadcasting group troll over the german and italian tv unit. Fox owns 39 of bskyb and he had the opportunity to came game control but the abandonment with the news corp. Got embroiled in a hacking scandal. The question. I dissociate sky tv with mr. Murdoch. Am i wrong their i associates guide to be with mr. Murdoch. It is not above the majority. Perception versus reality. What he is saying is i am wrong. What is interesting, though, is there is Growth Potential in europe because only 41 of europeans have the tv subscriptions rather than 90 of americans. It is a mature market here but in the european, confident it is a growth market. [tom keene speaking in a french accent] if you are making jokes about france on a monday morning. Quick you can buy Rosetta Stone surveillance package. And the new Global Investor poll, 40 of those saying economy is improving, down from 59 in a poll taken in january. Closed a two thirds they the u. S. Economy is improving close to two thirds say the u. S. Economy is improving. Europe is number two. What i found interesting is that the very end, some three quarters surveyed see the fed raising Interest Rates by the end of next year. We know the fed tapering will probably end by the end of this year. But raising Interest Rates by the end of next year. I thought the pollsters adjusted weighted by geography i thought the pollsters were way out in front. A lot of people are extending their view on qe. I did not get that on the bloomberg poll. Not the impression with that certainly. But interesting discussion points as we check in with our guest host. Those are our front page stories. Our guest host, chief washington correspondent, peter cook, has darkened the door this morning we will talk with him through the hour. As well joining us to talk about that i missed, Deutsche Bank economist, extremely optimistic, na pushing against the gloom crew. You made a huge splash with your call on optimism. Toant used to want you say what the gloom crew got wrong. A lot of conditioning from the last several years, the whole new normal phenomenon. I disagree. I think we are back to an old normal economy. A lot of things have changed. Households have stopped deleveraging. The workforce has been stretched so far that now we are at the coin that if businesses want to expand production they have to add new workers. Isa broad sense because it tv and radio do i get back to the middle of 2015, it is morning in america again . It is going to have that feeling to it, without a doubt. I think we will have that feeling for we even get to the second half of this year actually. Hours worked an average Hourly Earnings are still relatively low. You are saying we are in an inflection about to turn up . Definitely. Has stalled. We saw big productivity gains early in the cycle and it is slowed down. If the economy as a accelerating you see faster job creation. I am fascinated by this great use of the jobs report. Good news. A lot of people in your racket says nobody wants good news in washington. Isody wants what carl talking about . The Participation Rate this is a number whenever talked about in washington and not everybody in washington knows the Participation Rate. These are numbers that do not normally to talk about. But the dashboard is expanding. And theut her dashboard other side like numbers like participation ray . Are we starting to see those turn out so the rest of the country comes along with this as well . . Bigt has this physics expanded dashboard with participant Participation Rates on all these. All is going in the right direction of job creation is going in the right direction. A compelling reason why we see a harris faster rate forward rather than the last 12 months. The structural cyclical, a lot more that will prove to be cyclical. I am in the yellen camp on that front. If we are printing you will see participation turn the corner. One way to start the week. Guard against a bullish read in the Second Quarter because it is payback from the too bearish read. We had this very weather depressed first quarter. Gdp will probably be in negative print. Very quickly, peter, what does this mean for washington . They dont want good news, do they . This is a Midterm Election year and one big question is whether this good news early enough in the election cycle that it helps democrats . If it were to play out it will be a big help for the molding onto the senate. Peter cook and Carl Riccadonna as we look at optimism in the American Economy. Company news this monday morning. Harder foraking it fired workers to allege discrimination based on age. No longer give them job titles and ages of workers let go. It is required of federal law if they want the person to agree not to sue. They are offering the workers and option of arbitration. Pfizer trying to ease british concerns about the takeover of astrazeneca. Tozer says it is committed investing in science and the u. K. And any commitment would be binding under u. K. Law. Pfizer says the combined company will be stronger financially. Japans secondbiggest automaker has forecast fullyear profit that missed analyst estimates. Nissan having to spend more on incentives to boost sales in the u. S. That is this Morning Company news. Cars, they are expensive. They are expensive. I saw a new bmw 635 or Something Like this is that what you are doing on your day off . I was mountain climbing in the city not Mountain Biking in the city, not that there are any mountains but it is what you do when it is 80 degrees. I am the guy tearing of the green grass. I saw a new bmw and it was absolutely gorgeous. I went home and googled it and it was like, 75 grand. What are you coming kidding me . Just about everything in that car. Bluetooth and this and that. We are just Getting Started here on bloomberg surveillance. Former natons, ambassador, talked about the escalating tensions in ukraine following the vote. This is bloomberg surveillance. He is a Beautiful Mind. Ron howard i believe doing a Beautiful Mind years ago and i believe now doing 24. Grazer talking about the state of hollywood movies. Today at 11 00 a. M. He got married recently. Only you would know this. This is bloomberg surveillance. Me, adameene did with johnson, hollywood gossip queen scarlet fu. He get married to . What i think someone in the industry. Im pretty sure i read he got married. Do you go home and read in style magazine . This is more hollywood reporter. So much better informed this morning. I dont know how you keep up. That in ukraine as well. All in a days work. Business, economics, finance, and all of it wrapped around politics. He have called a referendum in two eastern provinces of ukraine a political farce. As ukraine disintegrates, how can brussels, how can 80, and for that matter, how can washington adapt and adjust . Nicholas burns, Harvard University professor and former nato ambassador. I am fascinating fascinated what the script is for you as we move forward out of the farce of the referendum. What should washington do . The u. S. Has done what it should do along with the rest of the world has condemned this referendum yesterday. This referendum held by armed separatist at gunpoint did not meet any standard of a free and Fair Election. There was no independent verification. The first thing is to rally the rest of the world, which is what you see happening. Just today, reaction from europe and other capitals. That. Gree that we see what is the true coalition of the west. How attached are we and policy to germany and france matter, the United Kingdom . A greatnk there is uniformity of views between the europeans and americans. We are in lockstep in condemning armed separatist. Where we are not together is in deciding what to do about it in a meaningful way, i. E. , sanctions. The u. S. In favor of harsher sanctions and germany and other european economies are more tied to russia, energy rural gas. So they have been much more reluctant to step up to major sanctions. And sanctions is the only leverage the United States and the west has, that is the major drawback here it drawback. Any precedent to help us understand how to move forward . Effectively a country disintegrating from within before the eyes of the world . Vote sunday, may 25. It will be the Ukrainian National elections to vote in a new president. That is critical. Obviously the ukrainian people have to decide what they are going to do, who they are going to vote for. We have to hope for a free and Fair Election but i think based on what happened in Eastern Ukraine over the weekend you can expect many russian speaking speakers russian speakers will stay away. The economy back, those are critical elections the u. S. Could be involved in the you said you hope its free and Fair Elections may 25. To what extent did the hastily organized referendum be a preview for the may 25 election . Had manyrainians have elections since 1991 when they became independent. There is an election structure. There will be lots of international oversight. I think it will be possible in most of the country to have what a legitimate as election except for Eastern Ukraine, because you might see the kind of violence that we saw yesterday. Some of the cities of Eastern Ukraine. And people with guns on the street threatening people. That would fall into question perhaps some of it in Eastern Ukraine. But nonetheless, an election is the right way to go. It is a divided country between ethnic russians and ukrainians. The only way it can be is the ballot box. Burns, cant the Russian Point of the ballot box . No, it was not a perfect election but they can certainly point to significant turnout. What do you think russias next move is . How far will Vladimir Putin go to advance this vote from the weekend . The russians are saying today they do respect the results of the separatist elections yesterday. They call for dialogue between the russians in Eastern Ukraine and ukrainians. I think putin is playing a very difficult game here. He said last week, you remember, i am going to blow my troops back. I dont want this referendum to go forward. He did not pull his troops back. Trying andly insiders game. Comfortable with his kgb past. Try to hollow out the Ukrainian Government within. He isinternal moves not invading the country like in crimea but playing a more subtle game. Nicholas burns, our former nato ambassador. Will go away. Is it is here with us for months, if not years. It was amazing seeing the news flow saturday and sunday, including gun shooting and a cacophony really. Saw the poll by the hsu Research Center was effectively said that looking at Eastern Ukraine, 70 of even the russian speaking people still want to maintain association with kiev. What do you believe . We will continue this discussion certainly in the next hour. Former nebraska senator bob kerrey will be joining us for the entire hour. Good morning, everyone. Im tom keene. With me, scarlet fu and adam johnson. Adam johnson has our top headlines. Diplomats starting the u. S. And europe offering to lift oil and banking sanctions in return for limits on Irans Nuclear program and the goal is to have a final deal by july. A report that the nasdaq as a leading candidate for replacing the current ceo. Friedman returning to the exchange. The current ceo still has two years left in his con contract. The new york yang new york rangers and pittsburgh penguins, game six in the eastern conference semifinal. The winner takes all, game seven tomorrow in pittsburgh. Will you be there, scarlet fu . It is in pittsburgh and i have to be back, so, no. Really should be 41 but chris carters goal was disallowed. They called goalie disappear goalie interference. Raising his stick in triumph. All about martin st. Louis. His mother passed away right before the friday night game of the whole team came roaring back. Morning mustread right now. Three in every show. I will get you started this morning. This is on vaccines. Uncool to refuse vaccines. Lisa from Bloomberg View read forust, must anybody on this terrific debate. Likee refusal movement, the name. A lot of people thought it was linked to autism and there have been studies that suggested is not. I just read history about the diphtheria and smallpox underestimate him the whole thing is absolutely insane. Francis collins in the washington bureau, the head of nih, just rolls his eyes. We will be back with more on Tim Geithners new memoir. Good morning, everyone. Bloomberg surveillance. The dow sits at a record high. He talked about that this weekend . Nobody. We just take it for granted. 12. 92. The visx is this is bloomberg surveillance. Im tom keene. Lets do a data check. Equities, bonds, currencies, commodities. Continued weaker euro off the draghi comments. We will talk to bob kerrey from nebraska about the Keystone Pipeline coming up here in the next halfhour. If they are not talking about the book they are trying to rewrite it or clarify what happened after Henry Paulsons volume, Timothy Geithner, secretary of treasury out with stress test. Us, chief joins washington correspondent, and lived what the secretary writes about. Is this the business revisionist history . Whenever you see able, to washington, do you know somebodys tried to adjust their reality . It isont know if revisionist history because we know Timothy Geithners history so well. As a First Responder they had to fight the fires with all the tools they had and i think he makes the justification. We heard that when he was the secretary. A few more details. I have not read the whole thing but i read excerpts. Littler maybe he was a more aggressive about helping out lehman brothers. Maybe there was an opportunity but at the end of the day they didnt do it. Not too many news nuggets but you will hear his direct perspective. The arch question, including reviews in the journal lowes quote and the New York Times lowes quote is was Timothy Geithner qualified to be new york fed president . He did not study a lot of economics and the policy. His professors were bob rubin and Larry Summers when he was at the Treasury Department onthejob training. Person is a very bright who could learn onthejob, to be sure. I dont know the fact that he had not worked on wall street was a disqualifier. He did deal with a range of crises when he was in the Treasury Department. But he took on that job and he used that experience when he was ont