We try some vintage frames that are a piece of fashion history. S. We gong in on canne to the movie market where producers and directors fight for funding. Lets go to the biggest exercise in democracy ever. The long dominant Congress Party has conceded defeat. It is headed for its worst election loss. That said over to mumbai where bloomberg tv india is standing by. What is the latest on the ground . Is never over till it is really over. Emphatically, it is coming in for the bjp led National Democratic alliance. Bjp is at 326 seats. The united Progressive Alliance, on the other hand, led by the congress is at 75, as we speak. The candidate is leading by a margin of nearly 114,000 votes. [indiscernible] di tweeted that india has one. That sums up the sentiment we have been feeling. The markets rallied massively since monday when he saw some informal exit polls coming out. The outcome was opening very strong. Fernanda, what is the big hope when it comes to business . Is this an election victory for the new Business Community under the bjp Led Coalition . Is interesting. Theres also the reason why you have seen this huge uptick in the markets. Modi is someone who speaks the language of business. India arem members of tracking the slowdown that we have seen. Willing policy paralysis get kick started if theres a strong government that comes to the center. To replicatele what he has done in his position , all off minister them giving a big thumbs up to these leads coming out as we speak. Will continue our conversation on india later with the chair of the Asian Business Association and the chairman of cobra beer as well. Dont miss that. Now, lets get over to one of our top corporate stories. Credit suisse is getting ready to pay out 2. 5 billion. Jonathan ferro has the latest for us. It all mean . Put the size of this into scope. Two. 5 billion is a lot. Is a great deal of money, especially think of what they put aside. Bear in mind, they put away 425 Million Dollars a couple of months ago, it seems it will be much bigger than that. It makes significant progress this year. If they can get this deal done, it is the pleading guilty part big clue in is the how bad it could be for the bank. The stock is down only one percent. Investors are quietly happy that we can be close to getting this over with. How does the fine compared to ubss finds . Three times bigger. This is where the parallel starts be drawn between the way ubs doubt with it. Ubs got it done quickly. This has dragged on for Credit Suisse. Weapon under pressure by a lot of people in the u. S. To get a big scalp. Really could be seen as a victim in all of this. Has also been under a lot of pressure to say what is going on at this bank. He testified just a couple of months ago. He said look, it was a fuse was bankers who skirted the banks control. He emphasizes his lesson one percent of global bank rough ability. It mightve been a small slice of profit, but that is a huge find. Questions will be asked about bradys future. They have to give out names as well. You have not seen the same exposure as ubs. Of people are asking what happened to oversight in the last couple of years with this bank. Thank you very much. Lets talk telecom. Frances economy minister david, make some sense of what is going on here. Story going to tell you a. It into the store you will have a better idea of the complex complexities in the race the relationship between companies and the government of france. The industry minister, way to were about him as if he wearing gold buckled shoes just like the same as finance minister of louis the 14th. The story ofory, this Telecommunications Operator in france. There are four of them. The biggest one is orange. R and thenllowed by sf g and then there is iliad. Theyre fighting so much of the prices are going down. Bouygues sent a letter to the Prime Minister. Gues is worried that bouy going to start cutting jobs to cut costs. What is happening now is, it appears that these two companie, orange, the biggest and bou ygues are in talks. If they do get together, they will have half the market. That could cause some problems with the European Commission competition unit. Mark. You have a story, tell us about this other bit going on. What is all that about . The biggest shareholder of it is a virtual wireless operator. That means instead of owning the network, it leases the network which is slightly different. Valuing virgin mobile, around , compared withos uygues deal is pretty small. Joining the 10 billion club. There are said to be seeking funding that could triple its valuation. We are joined now by our technology reporter, lulu chen. This will add fuel to the view that there is a bit of a tech bubble here. Absolutely. 10 billion would be placing them among a small group of companies with 11 digit valuations. Is based on our understanding that uber is going to raise 1 billion from their investors in this round of funding. That would make them larger than best i, staples. We have seen other Tech Companies reach this level of valuation before. Airbnb and dropbox. Is there a tech bubble . That is one of the concerns out there. But if you look at the number of companies that are coming to market, it is nowhere near where the. Com bubble was in the late 1990s. In terms of vc funding out there, it is their highest level since 2001. In china there is a pipeline of companies waiting to ipo in the u. S. Many companies of all said that they want to ipo in the next few years. Has beenn london, uber so aggressive in terms of expansion. Their plans . They are looking at asia, arent they . Definitely, global ambitions. In asia there are ready operating in 20 cities. Theyre looking to expand in hong kong and more secondtier cities in china. If they go to the market, they will be competing against cent andike 10c others. They are working with the local taxi operations. A slightlying different approach, working with the higherend market. Theyre hoping their businesses will overlap. We will wait to see. Thank you very much indeed. Heres what else is on our radar today. Doubts about Economic Growth in the region contributed to a drop in sales in germany. Confidence among u. S. Small businesses kept a sixyear high hit a sixyear high. Janet yellen credits businesses with less than 50 employees for the majority of job growth since 2010. America has come a long way since the dark days of the financial crisis, and Small Businesses deserve a considerable share of credit for the investment and hiring that have rocked that progress. That have brought that progress. Ukraines president says the government is working to expand constitutional powers to allow for local selfgovernment. U. S. Officials say they will punish Russian Industries if this months president ial election is undermined. Mandate. Up, modis indias opposition heads for the biggest landslide in 30 years. This is after the break. Canadian stocks have risen to a record. The new guest says government will play a key role in opening up india to foreign business investments. Vijay, thank you very much for joining us. Does this heralds a new era in indian politics . Absolutely. The bjp came with a clear majority and is about to come. This will give the country decisionmaking power to to make decisions without thinking about the small parties. They can put the big agenda, which is needed for the country for the last 10 years. Now it is time to change. It is time for growth, time for people to realize their dream. Certainly, the currency has been benefiting as well. What does the new government needs to put in place . Set the they have to infrastructure problem right. Theyre not sorting out the import bill. A lot of importing of fuel and oil. Increasing the manufacturing base. Controlling inflation. These things had to be put in place. These are the big ticket items. Happening. The government has to take the steps to make sure all of the projects are online. Having the issues. There is a sentiment of growth and positivity in the country. What would you see is underinvested in right now . Till now, the multiple retail is still there is a lot of negative sentiment. It has to be set right. That is number one. Number two is power. Of money percent invested in india comes into power. The country needs power. Without power, no investment in growth, no business can grow. Then logistics. One third of what india produces goes wasted. Agriculture doesnt always reach the market. We have to control inflation as well. We have to put logistics in place and put the warehousing and place. We have to put the roads in place. Areave to make sure we doing this for inclusive growth. The first thing i would say is it has to be inclusive growth. Are below theple poverty line. That is not good. Decrease the gap between poor and rich. In one sense you see the extreme wealth, and the other you see the extreme poverty. Yet the put a system in place for health care and education and sanitation in making sure that everything that is happening in india is being handled rightly so theres not so much burden on the cities. Does he have to go on a Charm Offensive with other countries . As you say, theres been a lot of consensus regarding regulation with retail. Does he need to come over to europe and gone a bit of a tour to start luring the money back in and to make sure these promises he has laid out are going to be substantiated . I think first we have to set our house in order. People in india know there is a change. Everyone is watching from all over. People watch what is happening in india. If you put everything in order, investment will come. There are more than 25 Million People of Indian Origin living outside of india. People will start investing in india. Then the Foreign Companies will invest. We have to put our house in order and investment will come. Thank you for joining us. The chairman of the Asian Business Association at the London Chamber of commerce. Well have more insight into doing business in india from the chairman of cobra beer. To not miss that interview. Downill to come, shooting saab. Details ahead. These two daredevil tightrope walkers found an extreme way to get a birds eye view of the spanish landscape. They went from one cliff face to the other. To champion bike riders from elgin put on a worldclass festival for locals. The flip and jumped around tour bus. They showed off their skills in the scorching heat. Wow. Equities markets are dead flat. The mission a something that has been exciting. The rally into treasuries. The 30 year bond has delivered 13 so far this year. Giving returnss were back above that level right now. What is behind the big move in treasuries . What is behind the rally . I heard lot of reasons for this. Called it. Man who Stephen Mager of hsbc talk to us a few months ago. He called 2. 5 on the 10 year by june. By yearend, he said this could go down to 2. 1 . If you listen to him, this rally is not over. This is what the rupee has been doing. The dollar has been getting weaker. This a buy on the rumor, sell on the news. Jonathan, thank you very much. As we had to break, it is time 500todays pulse number 63 million. That is how many people cast a vote in indias elections. It was a record turnout for the nation, and the Worlds Largest exercise in democracy. Di heads for ao landslide victory. It makes you wonder, doesnt it . s Coalition Led party seems to have gained the majority. More than 300 billion have gone into india once we have known that he would the the opposition candidate. Back in a minute. Welcome back to the pulse. Im mark barton. And i am caroline hyde. Here are bloombergs top headlines. Credit suisse is close to reaching an agreement to plead guilty and pay 2. 5 billion to the United States authorities. The deal would resolve investigations on whether the bank helped americans avoid tax. Is a 10th straight quarterly increase for china. It is adding concern that profitability will slip. Asian stocks fell on the report. Electoral Commission Says the opposition bjp has won enough seats in parliament to form a government on its own without the need to enter a coalition. Tweetedcandidate modi after the announcement that. Dia has won fernanda, it looks like it is a landslide win for modi. It is looking like an emphatic lead for the bjp National Democratic alliance. A huge margin by which it is leading is indeed the headline at this hour. It is well above 326. 272 for simple majority. The former ruling party is holding about 72 seats. Social media has played a huge part during these elections. Used it to reach out to an additional 40 Million People. The pm has called him to congratulate him. He will address the nation tomorrow. Modi will be keenly watch for a he is morehings, than someone who has been responsible for driving the where he gujarat, has been for some 15 years now. [indiscernible] is still at reflection of the sentiment that this new government will bring odi. We will have to wait and see if he is able to bring in investment on a National Level. I do want to mention that the has benefited. Fernanda, thank you. In our next hour we will get more insight into doing business in india. Do not miss the chairman of cobra beer. This weekend, voters in switzerland may shoot down their countrys 3. 5 oh yen dollar contract to buy fighter jets from sweden. Our correspondent hans nichols visited the factory. In a dogfight,gripen pilots have the confidence that the planes wont come in second place. I will leave that to the air force as to the uses of the aircraft. But it is capable to win. With the contract taking political flak in switzerland, is on the horizon. Soon, someone else will find a way to counter that. Then you have to be better than that. That is how it is going to be developed. Good or bad, costly, yes, that is the way the world looks like. Threatsant count those if you cant counter those threats, you will be behind. Once the fuselage is complete, the fighter takes 68 days to assemble. Theres only one machine in the entire planet, because this is labor intensive work. You see these guys, theyre putting in some 300 meters of tubing, some 30 milan some 30 kilometers of wiring, and then the next step, gets a nose and some wings. Saab currently produces eight fighters a year. Over the next 20 years, the goal is 10 share of the global fighter market. Is out of as a Fighter Pilots control. Whos going to win belongs to two versus 2, 1 versus one, four versus four. Five versus two. You can set up a scenario anywhere you want. We can provide an aircraft with excellent performance and show that. It is up to them to think, how can we use this . Cracks after my training in simulator time, i could take this out and test its capabilities in the full envelope. Hans nichols joins us now. How are things looking for saab, then . Polling set this will go down, and that they will lose this contract. Heres why saab is confident longterm. Is the cost per flight hour of n is a deciding factor. It is around 4600 an hour. The next competitor is at 16,000 per hour. Yes, they look at the sticker price, but they also look at the cost per hour and overall maintenance price. Those were saab is confident that they have an advantage. You say they are batting 50 . They want a 10 share of the global market. It is a dangerous world, right . This is their argument. Theyre making an argument that they are always that there are always threats are on the horizon. Hans, this was also going to the polls to vote on a minimum wage. It looks like this one will fail . Is remarkable, and switzerland to get 100,000 signatures. You can put something on the ballot. Then it gets tested. We have seen some votes go the other way in the last couple of months or years before an immigration with business groups were fiercely against. They lost their. It looks like business groups are going to win on the minimum wage. That will mean defeat. This is going to be a difficult vote for saab. We will be watching the stock for close on monday. Whether or not this contract will be canceled. In thing about fighter production, mark, ive learned this while walking the floor, you need to have a certain amount of fighters always in production so that you can keep building them. If you get the lowest certain level, you cant start up these plants by the flick of a switch. You need to have new orders coming on. Life alteringa event for saab, but this is a critical vote for them. Our international correspondent, hans nichols. Behind the glitz and glamour of the red carpet, the Cannes Film Festival is the biggest marketplace for movies. We went behind the scenes at the film market. Angus bennett reports. Kickback is the reallife story of a newspaper editor murdered in moscow. It is been a fouryear journey, and used in lucky to get this far. Is fully financed now, thankfully. , the moviesudgets are made for million. It is always a struggle because no one is willing to write the check. Money, that is what all these people are fighting over. Film market. Annes working out who has the goods and who is talking it up is not easy. In most films here never become more than a poster. Agnes bennett, bloomberg. Bennett. Will be joined by the chief executive of film london and the ceo of every man needed group. Has a little thing for john q zack. Jos really love him as an a look at theake company cashing in on the transformative power of vintage eyewear. It is time for the latest installment in our special series, the entrepreneurs making it. One startup is trying to take the big brands on with a direct to consumer model. To meet the founder of archibald optics. Every brand out there speaks about the quality and craftsmanship. Craftsmanship is a trendy word these days. That we have to show it third we went off to japan and filmed the actual process of manufacturing. This is the end product. Archibald optics, british retrostyled reading glasses made by craftsmen in japan. The company says is delivering quality at a lower price tag by cutting out the middleman. To mefounder spoke outside his home turned