fifa resident has the he will resign amid candle. quite some of detroit's biggest auto sales have not seen sales years.in we will break it all down. get the door. it is stopped the nose. the company with ceo. he will join us live from the new york stock exchange. ♪ ♪ good afternoon from bloomberg world headquarters in new york. day."s "market u.s. stocks near the best level of the session. .2%.ces of the first back-to-back gain for since mid-may. energy and materials companies

are leading the way up. treasuries falling by the most in two weeks. lower price means higher yields. there you have the yield on the 10 year moving up to 2.7% of the 3%. when it comes to the dollar, weaker versus the euro. the euro rallying the most in 10 weeks ahead of greece debt deadline. deadline of some sort always. signs of been some inflation in europe as well. the dollar index off by 1.7%. 95.73. seth blatter says he will resign following the corruption scandal. he says this mandate does not supported by

everybody in the world of football. the elections are closed. but the challenges that they are facing has not come to an end. fifa needs profound restructuring. he is held the position since 1998. more on this later in the hour. dan loeb set sell in away proved to be the best position. in 2015. 5.7% other managers who trade mostly stocks would be even better. hedge funds are managing from increased mergers, a jump in biotech stocks and the rising

movement in chinese equities. are covered by obamacare, get ready to pay bigger premium. rate hikes under the affordable care act. the insurers has said medical costs were higher than expected. mark: the call to overhaul and -- surveillance practices moved the senate today. this comes a day after the surveillance laws and questions expired. cook is on capitol hill with more on that story. good afternoon. deal? >> thee intense debate over the programst surveillance close to reaching the finish line in congress. the 80-14 vote means the senate can officially take up the house bill. fewed overwhelmingly a weeks back. this is the bill that ends the government collection of data privateer and relies on

telephone companies to retain the data. that bill also extends the patriot act provision, the other provisions that did expire sunday. the white house supports this legislation. >> this bill represents a good compromise. will represents reason. it would protect american national security while also protecting privacy. this bill recognizes our privacy has came to be in conflict with our security. >> people want to believe we are doing everything we possibly can to strengthen our national security. to eliminate the threat of terrorism here and abroad. my fear, quite frankly, is this bill does not accomplish that. peter: senator burr among those

republicans favoring an extension of the previous law. finalnow pushing for the drum in the senate, changes to house-past will. if that happens, if we do see successful,hat are including the transition time -- six months to 12 months, this goes back to the senate where all bets are off. there is some concern this debate will continue on. we will have to see how the play out today. we could see final passage later on this evening. we will know shortly. scarlet: j.p. morgan chase has a message for employees, don't leave a message at the town, there is no more voicemail. eliminating voicemail for consumer employees. voicemail services cost $10 per , and j.p. morgan says the alternative can be found in just about everybody's pocket. smartphone and testing is a

routine form of munication. this that mean j.p. morgan will reinforce -- will reimburse people for phone services? i asked the silly questions. fifa president seth blatt er will resign just days after reelected. we are joined in studio by the reporter following this. you talk about a turnaround of events. did anyone see this coming? >> no one saw this coming. how much powere he has in the organization. without anyed away effort at all. this is extraordinary. i have been doing a close read meant and the chairman of the audit and committee, that is not a joke. what joke -- what stands out at driveblatter will

the reforms between now and the next congress will take place early next year. the congress will vote on what and the reforms. so he is going to reform the that he had no choice but to step down from. so if you cannot beat them, join them? since i am no longer a theidate, i'm free from restrictions imposed. r scarlet: the best line is the seeable lord of the once popular sport. a description of how much power wielded, even though the charges came against vice president, he was untouched in probe.ole abbas. these have all been used. scarlet: and they are all accurate. if you are a sponsor, what

feel today? what is your sense? >> i think what you are feeling him morning when you called is most important. .hat is pure conjecture i have a hard time imagining anyone that has the power to , if notim to do this the sponsors. i think this time, and finally , this finally much theythe brand so felt like this was not an organization they were willing to put themselves next to. i keep noticing every press conference adidas official soccer ball is right there next to whoever is speaking. scarlet: final question, do you think he will get charged? will he come down in the corruption scandal of personally face charges >>? that i don't know. it is hard to imagine anything

happened that he did not know about. there is no indictment against him as well. mark: brendan greeley joining us. thank you so much. appreciate it. company we are watching is dominoes. the pizza delivery chain has helped byroll lately the focus on innovation and technology. after covering the united itses, dominoes setting light on china. michael halen is live with the ceo patrick doyle. good afternoon. good afternoon. >> doing good, thanks. been's -- it has been five strong years of growth. sales have accelerated in the past five quarters. go rightthings have to for that to happen. can you talk about the ?undamentals driving that we got the food right five

years ago. that is the fundamental aspect. advertising has been a lot better. big new thing is digital. digitalshifted to the platform. that is now half of our sales in the u.s., almost half globally. it is much better for the customer. retention and frequency of the customer is a big part of what driving this. and a big part of what has been driving the results. >> getting into that a little bit more, you made what i think years.ry bold move a few going back to the new product drivesomething you know product in transaction in the restaurant business and make digital a centerpiece. we want to make every change business as to the something permanent, give the customer a better experience. if all you are doing is cycling

some new people you will sell for six weeks at then move onto the next thing, it is not building anything better for your customers. refocused and said let's make everything we do about having a permanent increase in the customer it. . that, it will ultimately build momentum around the business. that it has. the tweet ordering and smart tv ordering, have you made ordering people that school. >> i think we absolutely have made it cool. i think the newest thing with -- tweet toer order. the really cool thing is that is public. the first tweet you send us, all of your friends see. anyone falling you will see that. you are not only ordering, you endorsing the brand.

absolutely. cooler.ade as it has increased the relevance to this generation. we are seeing as much from boomers as well. adopting new technologies. it has been ready strong across the board. bloomberg seem to love their iphones. boomers seem to love their iphones. pizza business is fragmented. how has that helps gain market it is very fragmented. we are only selling one out of u.s., sozas in the technology is a way of competing with smaller players that are platformto build a that is as strong as what we can .o it dominoes spreading that to almost 12,000 u.s., thatide the gives us a real competitive advantage against the smaller who still sell the

majority of pizzas in the u.s. today. >> jobs numbers coming out tomorrow. can you talk about the hiring plans over the next two years ?o on the pretty bullish u.s. economy. i think the economy is stronger are giving it credit for. we certainly are seeing a tightening of the labor market. it is getting harder and harder higher. more people are employed. people by a lot more people than -- pizzas and unemployed people. i think there is more strength there been a lot of people are giving credit for. >> great. patrick oil, ceo of dominoes. -- doyle. thank you both so much. scarlet: still ahead, google industry bye tech breaking down the gender

breakdown of the staff two years ago. how is it doing now? ♪ ♪

mark: welcome back to bloomberg market day. i'm am mark crumpton with scarlet fu. going to julie hyman with a look at stock. looks like we have taken a little bit of a lake nowhere. julie: we have been bouncing around quite a bit as investors are waiting degree situation, economic data and what central doingaround the globe are . i wanted to talk about the big movers in today's session. iron mountain has pretty much worst performer in the s&p 500. time.rst day in two years if the company was cut to sell problems in words of

a jefferies analyst, including intensifying secular pressures and tronic cash shortfall. this is a storage and information management company. looking at delta falling today. a lot of movement in the airlines as of late. performers the worst in the s&p. down even more earlier today. said one of the benchmark revenue gauges for the , passenger revenue from each seat flown a mile, will 4-5%to the range of because of lower business fares states.nited so those shares falling. a lot of concerns about capacity airlines.ng the scarlet: thank you so much for the update. now taking a look at the top stories crossing the bloomberg terminal. big three automakers all the sales estimates last month area gainal motors posted a 3%

since 2007. sales growthcast would be almost flat. meanwhile, fiat chrysler is the best may in a decade. rose or percent, beating estimates. sales of the chrysler sedan sales dashboard. sales fell last month but not as much as much is expected. ford brand down 1%. meantime, nissan sales also felt less the next active. a scary moment today at the open. security guards evacuated scriptwriters, more than 200 underneath a giant these greens where a large piece of metal paneling fell, slightly injuring three fans. they cordoned off the seating tape.ith red and white strong winds rolling around paris all day. the quarterfinal match temporary but it didd it, resume a short time later. ellen says she will appeal her said high-profile

gender case in silicon valley. jury rejected claims she was discriminated against as a junior partner at venture perkins.irm she said she was subjected to a charged atmosphere and was fired when she complained. she is now the and around ceo of credit. these are your top stories at this hour. we will stick with the gender diversity. google just updated the statistics. taking a look at what has changed and where google still needs to do some work. ♪

scarlet: this is the bloomberg market day. google gave work or stood versus the big shot in the arm when it reported the gender makeup of staff. a year later there has been incremental progress. -asians make up 91% of the

employee base, the same as last year. blacks are in 5%. is stillgle overwhelmingly male. the total number of women employed rose 1%. google was the first tech ethnic andreport the gender makeup last year. at least they were taking a lead in trying to address that. mentioned, the change has been incremental. the change has been incremental and slow. a lot of people question why it matters? silicon valley when of the leaders in innovation. the tech sector creates a products and services that we use and changing the face of the economy. exclusive means more toing apps and hook up apps make a difference. like they did put out a fish --

a statement that says we are encouraged this is being discussed normally. they did note that they hired more females. they were, and everyone looking to improve on the numbers. scarlet: that may be the case on a professional basis, according asians make up 27 .2% of the professional workforce of big tech companies, but only 14% of the top brass. represented being was lifted to the percentage of the workforce in that industry. those tech companies have helped to drive california property prices skyhigh. the state home to one of the biggest homes in u.s. history. 100,000 square feet. the price had a record half $1 billion.

taking a look at what goes into selling these mega-mansions. >> a birds eye view of the los angeles make a mansion in construction. a billionce, have dollars. a u.s. record. artist rendition imagine the conflict, one of the latest in the series of new world.markets around the while we cannot access a lead nearby this site, is a property that we can. fla -- feller hilltop owned by billionaire jeff greene. this is currently the most expensive in the country. if listing prices $195 million. is joyce who will take me our. two 2010 i close the highest

price in the united states and in 2010.at 50 million now we are seeing many sales at 100 million. is first.ic room >> isn't this spectacular? this is three times the size of my apartment. this is my family -- one of the family rooms. next to this is the vineyard. >> this is the upstairs wine wine cellar. this is my favorite. meantime, a larger one downstairs that holds much more. there is also a formal dining room and two-story entertainment conflict separate from the house. with a revolving dance floor. a movie theater and infinity pool. joyce tells me when it comes to buyers, there appear is been. air up here is thin.

if you want real estate that large family, there are not many like this. million will be sold. with newe world, five players in new york, connecticut, france and hong kong. went for more than $600 million total. mark: i have one thing to say, philanthropy. that would be a good thing. you are off now. i will see you tomorrow. coming up on the bloomberg day, let the good times roll between automakers seen decent sales. we will discuss. ♪ ♪

scarlet: welcome back to the bloomberg market day. i'm scarlet fu. let's get straight to the stories making news this hour.

sepp blatter says he will resign as the fifa president. needslatter said fifa profound restructuring. : this mandate does not seem to be supported by everybody in the world of football. ,upporters, clubs, players those who inspire life in football. scarlet: he has promised to call for fresh elections to choose the successor. the fbi is said to be investigating sepp blatter. managers at cities group -- that's what the traders said in a letter written days before the bank fired him. it was shown to jurors earlier today. he is basing eight counts of thepiracy to manipulate

benchmark used to evaluate $50 trillion of loans and securities. the apple watch has a punctuality problem. the apps are slow to load. apple will unveil new tools for the programmers who write the applications of the device. keyill be one of the highlights of apple's annual conference in san francisco next week. those are the top stories at this hour. the biggest u.s. automakers posted gains. joining me now with the numbers in context is matt miller. i read about memorial day commotion. matt: you did see a slowdown -- everyone was blaming

weather for sales slowdown wo. that may have rebounded into this month. automakers are crushing it across the board. even some automakers that had declining numbers like ford hadined a lot less than been forecast. we were looking for a 3.1% drop and we only got a 1.3% drop. all in all, looking at a run million come a better than analysts had anticipated. a lot better than the 16.5 million we saw last year. a very fast pace of sales in the month of may. that's a positive for the automakers. unless they are just really slashing prices. i think they have a lot of price control. onrlet: the pricing controls

--se suvs and pickup trucks matt: the reason we saw the decline at fortis because the f1 50 had a 10% decline. it's not because everyone doesn't want the new f1 50. the new aluminum body, they can't make them fast enough. they are having problems producing them in the sense that they can produce enough and they had to cut summer vacation short so they can continue to produce more. byentory numbers dropped five days year-over-year. there's a lot of sales there. even more, there are sales in the midsize pickup trucks. that is the market 40 is not in. ford is not in.

scarlet: the anecdotal is positive. chart -- heing up a featured this chart in has no today. vehicle miles driven, the orange inflation in gdp. .ou can see that divergence the number has been going up while the economy -- what is the linkage here? based on what you know and do what you reported. matt: in my experience come the linkage is very close. the version you show in that chart is not terribly significant. we see divergence like that throughout the past couple of years. scarlet: we are looking for signs that it was an anomaly. matt: i see what you are suggesting. it could be that because miles

driven are rising, we could see the gdp figure follow that. in the past, gdp comes down from that chart. is selling like bonkers right now. the question is how long this that last. should they be preparing for a downturn? that's what a lot of analysts are warning. upc gas prices start to rise, will that curb sales of suvs in big trucks -- and big trucks? -- it wouldare be huge problem for a company .ike chrysler it has to use any margin and gets to support the rest of his it's business. it's a huge percentage. scarlet: thank you so much. raising a lot of questions here.

we continue to look at these auto sales numbers. social media buzzing over the debut of caitlyn jenner on the cover of vanity fair up it we will hear from the magazine's publisher, next. ♪

thelet: welcome back to bloomberg market day. coffee is the most sacred of people's early morning routines. you should be holding off on gulping it down until a few hours later. in the morning when you just will been up, your body releases cortisol. between 8:00 and :00 a.m., your levels peak. youru drink coffee,

hormones diminish the copies affects. are also a coffee fan. this is something that affects you. decaf. only drink when i worked with a nutritionist, she said you get up and drink a huge glass of water. the first thing you drink. your body is so dehydrated when you get up, it will give you more of a caffeine jolt. according to that youtube channel, the best time to drink coffee is between 10:00 a.m. and noon and 2:00 p.m. and 5:00 p.m. alix: do it. scarlet: we will stick with the soft commodities. let's talk about beef. the flood in texas is reviving

pastureland. there has been a supply shortage that has caused beef rice is despite. alix: this is a big deal we've had a big drought. itscattle herd shrunk to l smallest sinc 1952. stakeak.ot eating that a takes about two years for cap to be bought in the store. having the food the cows can eat like grass is a really big deal going forward. and texaslike tyson roadhouse have said that the rebounded supply would eventually bring those costs down for us. scarlet: bitter ribeye pricing in a couple of years. let's take a look at oil prices

after the settling of new york trade. over the last two days, it's gained 1.7%, 6131. as we get closer to the opec meeting, how much of a difference will it make? alix: i had an interesting note from energy aspects. nopec.id opec, even if opec does cut, it's not going to do anything to alleviate the tightness that we are seeing in the oil market because what opec would cut would be heavy oil. the oversupply we have is light oil. is actuallyrket pretty tight right now. we've seen a strong demand from asia, in particular china. we have saudi arabia lowering their official selling price to asia in order to garner more demand. even if they cut, it would

tighten the market and potentially raise prices in the short term. scarlet: we want to mention that the gained oil prices is also lifting shares of energy stocks in the s&p 500, the best performers in the next today. up .8% on the day. let's look at the top stories crossing the terminal at this hour. the weak first-quarter could delay the fed timetable for a rate increase. there is value to waiting for more data to see if there readings on job and inflation improve. the week first order gdp reading has given some policymakers pause. computer blows briefly prevented united airlines flights from taking up in the united states earlier today. lasted for just

under an hour. the carrier has struggled with occasional computer faults sees the 2010 merger. united is the world's second-biggest airline. aevron delaying multibillion-dollar oil project in the gulf of mexico. the cables required to tether the platform to the seafloor sank last week. the situation may threaten their ability to meet their target for 20% increase in oil production by 2017. the platform was due to start pumping oil late this year. say goodbye to bruce jenner and hello to sepp blatter2. -- say hello to caitlyn jenner. hasresponse on social media been nothing short of explosive. 12 million people watched the behind-the-scenes photo shoot. "vanity fair" reached record traffic.

chris: the digital newsstand replaces the real newsstand. what this allows us to do is two things. we have an innovative pay will also that we are sending people to go and buy the issue or subscribe digitally to the magazine. if you do that, you can get the entire article one week in advance of the magazine hitting the newsstands. this is the first time we've taken a cover and released at a full week in advance. to serve the huge volume to the advertisers on the site. the video impressions and the average buyers. that is new. get to all be ever point were the advertisers can choose to advertise in the

printed edition of the magazine after everybody knows what the cover is? i don't know whether this is runway, butt enough if the advertiser new that caitlyn jenner was on the cover, wouldn't they want to be part of that printed edition? alix: isn't it hard not to tell them? chris: we keep the cover subjects under wrap. we have certain issues like our hollywood issue. advertisers know what's coming out and we see a huge spike. it's a little more difficult when you're doing it around news events like this. there are advertisers who would love to -- we see how well it's been received. because of the nature of this -- we are seeing this amazing -- this was well planned when that interview happened and after that, we saw such an amazing outpouring of support from the lg bt community and the greater

population as a whole. that was our first indication that this would be a huge traffic driver and a warm welcome for caitlyn. scarlet: we will head over to the breaking news desk. julie hyman has the headlines for us. julie: we have commentary from coca-cola on the resignation of sepp blatter. the decision will help fifa transform. this appears to be the first of the sponsors weighing in on this decision by sepp blatter. to makeing was going him step down, it was going to be pressure from the sponsors. we don't know what went on behind the scenes. we now know what they are saying publicly and coca-cola is saying this is a positive thing. lots of spin in the

days to come. , as puerto rico slides towards default, it harkens back to the leave an era -- lehman brothers era. ♪

scarlet: sepp blatter has resigned as fifa president. cupodds of the 2022 world staying in qatar are no longer looking so promising. matt miller joins us now with more. alix: the bookies are putting of 5-1. at 5-4 instead previously come anyone dollar bewould have had you five dollars.

now come any for dollar bet will net you five dollars. your payback will not be so great because the bookies think it's more likely that the world cup in qatar will be canceled. sepp blatter stepping down, he thishe main force behind bid staying on. ever since 2010 when fifa awarded qatar the world cup in 2022, most people were saying it was absolutely insane. the country has no soccer history, it gets temperatures of 120 degrees. build the eight stadiums necessary to host the event would have to top $200 billion. it makes no sense at all to anyone but sepp blatter and the other members of fifa, most of whom who have been indicted. the likelihood of that being pulled is a little bit higher. this country has already spent a lot of money to build this --

they will spend $35 billion on a subway metro station alone. they built a city for 200,000 to watch the come world cup and they've had serious problems with migrant workers. a lot of accusations of human rights violations. 1200 migrant workers have died since the start of this. inspect another 4000 to die before the world cup happens. i think a lot of people would be happy to see the world cup pulled out of qatar. , not in the least. entire european soccer leagues had to change their schedules to work around a schedule change for the 2022 world cup. it makes a lot more sense to have it in a country that would be easier and more climate friendly to visit with fewer

human rights violations. the question is, what's going to happen going forward? we have no idea. this is a new story that just broke. he had previously said it would never be pulled. what happens to the russia bid? russia is supposed to host the world cup in 2018 and the fbi says they are investigating the possibility that that bid or this bid where one through bribery. scarlet: that would cause a serious international incident. speculated thee u.s. would make a good host given its leading role in this corruption scandal as well. members would awarded to the united states. matt: it would be a lot more fun to have it here in the u.s. scarlet: where was it last,

california? 1994, something like that. i'm sure someone can tweet me about this. we will keep an eye on this. matt miller, thank you for the latest. puerto rico $72 billion in debt has stressed investors salivating. hedge funds hold 31% of the obligations. the u.s. territories fiscal woes are creating the opportunity of a lifetime for the same distressed debt buyers who picked up the remains of lehman brothers in 2008. it's not unusual to see hedge funds jump into what appears to be a basket case. what is different about this puerto rico trade? laura: they are looking for yields. somewhere and recognizing

the stressed opportunity when they see them. aree are firms that fighting over lehman brothers, txusame in a company called . they're going to bankruptcy situations, they strike that position. they're going out and saying, hey, we need to look at something else. speaking of corporate and fixing a territory -- laura: in puerto rico, you have some similarities. costsch debt, really high and you also have the potential for the economies to recover. when you talk to different people about puerto rico and the opportunity, this is seem like a crowded trade?

laura: some people say the bonds will fall lower. we have just started the negotiations. there's going to be a lot of drama over the summer. other people say i've been examining this for two years and i don't see these bonds going any lower than where they are. scarlet: the money from the hedge funds is going to buy a rico some time. -- puerto rico sometime. laura: given the negotiations for the summer, we will see a government will run out of money at some point. can go on forever. scarlet: there is a deadline. laura: it will be messy. scarlet: what's the investor that should be watching most heavily? laura: there are two sides.

on one side come argentina. scarlet: thank you so much for joining us. puerto rico and the distressed investing opportunities there. much more coming up on the bloomberg market day alix steel will be coming. we will keep our eye on fema. -- our eye on fifa ♪. ♪

♪ scarlet: this is bloomberg. we discuss the future,

especially in the u.s.. with a: and petrobras scandal. alix: officials race do finally, finally agree on solving the financial crisis. we will see. scarlet: good afternoon, everyone. i am scarlet fu, and i am alix steel. announcer: if you take a look within the s&p, you are seeing utilities, health care, consumer staples, the safety p,