german chancellor angela merkel says her goal is to greece in the euro area. the latest on the desktop with the deadline rapidly approaching. --debt talks with the deadline rapidly approaching. olivia: president obama going to send more troops. mark: we will tell you what is shortage that is forcing the united states to buy eggs from europe for the first time in more than a decade. alix: good afternoon. i am alix steel. mark: rm mark crumpton. rallytreet and markets in on optimism that greece will reach a deal to avoid a debt default. check of the boards shows the

s&p 500 is up 1.25% at 2106. dow jones up nearly 1.5%, a 253 18,017.se at nasdaq composite of 1.3% at 5081. gold futures headed for the biggest gain in four weeks. gold trading at $1187 an ounce. gold is rising on this wednesday. oil futures also rising. the longest stretch of weekly decline since august. nymex crude of over a full percent, nearly one point 25% at $60.86 per barrel. at the bond look market. the market literally cannot believe it. the 10 year treasury yield nearly a 2.5%. who would have thought about that. and unbelievable move as we have a selloff continue across the bond market. is this the achilles heel of the stock rally?

we continue to see a washout in the bond market. finally, a look at the currency market. a weaker dollar across the board. the yen the story of the day. the bank of japan governor coming out to say we like the level of the yen here, meaning no more you'd stimulus coming their way. they need to do value the currency off the table. stimulus no more coming their way. mark: germany may have found a way to break the deadlock over grief. bloomberg news is reporting on july merkel's government may be satisfied if greece comes up with at least one economic reform. that would be enough to open the door to at least some bailout funds. still long run, germany wants greece to come up with a full package of reforms. and european ecb bank boosting the size of the lifeline it is offering two great things. an extra $2.5 billion in

emergency cash, the biggest increase since february. the ecb is trying to keep greek banks afloat while the u.s. government -- well the greek government is coming closer to a debt default. president obama sending additional troops to train iraqi forces and and our promises -- province. he says they will not be in a combat role. also sending more military equipment to a iraq. house speaker john boehner says he supports the plan but have questions. >> it is a step in the right direction, but as the president admitted, he has no strategy to win. this is another tactical move. i support the tactical move the president is taking, but where is the overarching strategy to deal with the largest state sponsor of terrorism in the ?egion you com mark: there are already 3000 u.s. troops in iraq.

months of u.s. led airstrikes have not stop them from capturing large chunks of iraqi territory. suicide bomber blew himself up just steps away from the ancient education council -- temple. the associated press citing officials is reporting shortly after the x motion police exchanged fire with and killed to islamic militants who arrived at the temple with a suicide bomber. a southern city visited by millions of tourists every year. have setublican leader a showdown vote on trade for friday. the measure would give president obama fast-track authority to negotiate a specific rim trade deal leading a closed-door meeting. tim walberg told reporters the vote is friday. getting democrats on board is the problem. there may be a last-minute hangup over how to pay workers who lose their job because of free trade. shares of johnson control are rising today.

considering a breakup. johnson says it is thinking about whether to an off the auto parts unit that would allow the company to focus on other divisions such as the building air-conditioning business. auto-parts generated more than half of johnson's $22 billion in revenue last year. tesla will start making deliveries of the electric suv and 3-4 months. elon musk says more than half of the orders come from women in contrast to the model s sedan, which is mostly customer -- male customer base. they originally promised it would be available last year. that is a look at the top stories of the hour. up, president obama sending 450 additional troops to to. -- u.s. troops to iraq train the military force in the wake of recent gains by isis. alix: then an egg shortage has forced the u.s. to buy eggs from europe for the first time in

more than a decade. mark: as the presidential campaign season starts to kick up, why a presidential campaign may have a lot in common with a tech startup. conducting a survey of which ceos are well thought of by their own employees. on the list household names like google and nike, and we did know -- note an interesting detail. alix: among the most admired ceos, some that have done far less than their peers when it comes to stop value. dogle and monsanto did not much for stockholders between april 2014 and 2015. mark: on the flipside, stock of papa john's jumped 29% during that time, even though the ceo was one of the least admired. why the correlation? here with us now, julie bernays and our stocks editor mike reagan.

the correlation was something i took a look at. the stock is up, but it seems the ceo poll numbers are down. why? >> there were quite a few out performers on the list as well. a lot of that has to do with the media. if your stock is down, you are not getting a good media attention. difference't make a if employees have stock compensation instead of actual salaries? >> and make sense to me there is no correlation. you think of the type of companies the stock uses. the ceos that pinch every company -- every penny. now making employees happy necessarily. it is kind of not surprising. werexample, google, if you to do a poll of the corporate governance people and it would be, surprising if they were at the top there. so many problems in control of the company and issuing new

shares to control it. it is not that surprising there is lack of correlation to me. mark: speaking of lack of correlation, we did see movement in the ranking. the top five. they are getting the high numbers. in the 90's and 95 and 97%. google, nike, facebook. don sancho one of the most hated companies in the world. surprising people like the ceo. one of the most hated companies in the world. >> another one was heb. my thoughts and a lot of time in texas, and i guess that is a texas grocery store. that is why. a shout out tove lloyd blankfein making the list. goldman sachs number seven. mostly west coast companies, tech companies. maybe the employees are just naturally happy out there with

sunshine and better weather. mark: we are talking about an anonymous survey. not talking about putting your name down. what do you think this does to a ceo when they see their name not so much of the top of the list, because you mentioned mr. blankfein and the other guys, but if you are toward the bottom end of the list, what do you think that does to their psyche? with that one -- make them want to react with employees more? 30 of the 50 people on the list were not on their last year, so it is room to move up. we end upo is stuff using everyday. we play games. we have pets. it is surprising to me the everyday staples. mark: i would imagine at least with the fourth ranking, mary to the job and has work to do, especially with the airbag issues. i wish i knew more about the

methodology of this. i do know offhand -- do you know how many people participated in the survey? >> there needs to be at least 100, and that is why mike bloomberg were not on the list. he did have very high rankings. i started friday's, how could you not? [laughter] what are the criteria they end up asking? do you like vacation time workspace? >> a lot of answers ask you about interview questions, benefits, salaries. they take it all into account. alix: interesting, fascinating. first time on site with you. mark: still ahead, president --n the sending you president obama sending more u.s. troops to iraq. more about that next.

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alix: welcome back to the bloomberg market day. i am alex the old here with mark crumpton. mark: olivia sterns with a look at the market action. rally: a nice midweek underway. the s&p 500 bouncing back after the biggest selloff in two months. this is particularly interesting because right now the s&p is really trading in a particularly range found fashion. -- range found fashion. there hasn the market

been progress made in talks over greece. that is sending shares broadly higher, being led by a tech stocks and energy. the nasdaq rising. year to date up by 7.5%. this is we see big gains in some of the biggest components of the nasdaq. microsoft shares of 2.5%. apple and amazon of 1.5%. a couple of big movers. want to tell you what is happening with netflix shares. they have doubled and up another 5.5% in intraday trading. this comes as shareholders pave the way for netflix to go ahead with the stocks. we also learn netflix will be rolling out marriott hotel. a great year to date. tesla shares not having a great day here today. about 2%.res off i this on the day tesla announced the new model as, suv rolling

out in the next 3-4 months, relatively within the timeframe elon musk initially said he would run the deliveries. we also did learn that unlike previous models of tesla's the model x has equal numbers of men as women buying a car. i do. i think that it's really interesting. mark: you may like this. alix: thank you so much. the topa look at stories crossing the terminal at this hour. apple just unveiled the new streaming music service, and already under investigation. the attorney general in new york if netiquette wanted to know music labels were conspired or pressured into favoring apple. the company is not commenting. the company is trying to catch up with streaming -- streaming

rivals such as spotify and pandora. pushing spotify to more than $8 billion, double what it was when there is money in late 2014. a swedish phone company paying 100 $15 million for a 1.14 state. dies -- johnny isakson has does losey as parkinson's disease. he said the diagnosis will not keep him running for reelection next year. he is 70, and in his second term in the senate. he is taking to minnesota and -- medicines for this. that is a look at the top stories at this hour. mark: more u.s. troops are heading to iraq. president obama will send 450 military personnel to help train iraqi forces as they help right islam faith militants. alix: the troops were not served -- will not serve in a combat role. peter cook joins us with the latest.

the administration says it does not mark a change in strategy but and it action of the existing strategy, what this will do. this will bring the true total up 230 500 u.s. troops in iraq. it will allow for the opening of this facility to train iraqi forces. the big focus of the new group securityo train iraqi bhar.s in and specifically, this will allow for more training of sunni tribal forces and that's part of iraq, which a lot of people say could be critical to defeating the islamic's eight in that part of the country. -- state and that part of the country. u.s. whenever we hear troops are going to a foreign land in advisory capacity there is always nervousness.

any chance they could do more than train, advise and let the iraqis? peter: the reality is they will be surrounded by threats around them. right now the word from the administration is these folk will only be training, equipping and advising. they will not the for example playing any role in targeting airstrikes. presidente if the loosens those responsibilities in any sort of way going forward. is thatw the message they want to get iraqi troops leading the fight and conducting the fight. the u.s. troops will be in the background helping as they can. has been the response on capitol hill or what will the response the? peter: the president as an facing criticism for not doing

enough. john boehner says he supports the short-term stuff but still questions whether there is an overarching strategy. john mccain critical thinking this is incremental. he would like to see a more robust u.s. response and more help for the iraqis. he is not satisfied with this. on the other hand, democrats if there is mission creep involved. there will be questions about whether this puts too many u.s. troops at risk in iraq at this particular moment in time. alix: absolutely. much, peter cook. mark: coming up, the isis money train. how the group is getting its funding next. ♪

mark: welcome back to the bloomberg market day. i am mark crumpton. alix: more on the battle against isis. mark: the white house sending 400 50 troops -- the white house sending an additional 450 troops to iraq. pimm fox talked about the effort with a reporter. today is the one-year anniversary of the day that isis , a group that few people outside of iraq in syria had even heard of took over the second-largest city in iraq. as part of the takeover they were able to take over oil refineries, fields, and one of the major things they made money off of last year was $100 million in oils they'll. -- oil sales. i wanted to step back and look at in the years since then we have had nine months of airstrikes, has the u.s. been able to curtail the money they make serious they are the

richest terror organization we have ever known. it turns out this group has proven itself to be very resilient. new forms of moneymaking as the u.s. has tried to cut off one after another. what i discovered is the biggest way they are making money now is through taxation. they own such large swaths of land a are able to tax and extort money from people and businesses at wheel -- at will. pim: there have been a recent swaths of cash that detailed the finances and arrangements of the organization of islamic state. with the new information, is that going to aid the u.s. effort to block? >> absolutely. you are talking about a raid in eastern syria last month on one of the top financial people in the islamic state organization. we don't know in detail yet what but i havet say,

been told by a number of u.s. officials, including general john allen, the special islamic isoy said what they found important, and it will help them direct and understand what money comes into the group, and how they spend that money. that will certainly help them with planning and the weaponry they have and the salaries they pay. towill allow vulnerabilities figure out where the group could be targeted. i will make it challenging for you, because sometimes allies and combatants do not find -- fall into neat categories. battling all assad but also have other enemies >>. you make an excellent point. i was at a conference under the former undersecretary of defense , saying she thought it was long

over due these 5000 troops were being added to the fight, but pointed out in syria we have diminishing options. on the one hand, if we really to fight in syria, we would strengthen al-assad and would really like target, we will strengthen the islamic state. we don't want to do that either. 5000 per year being trained in jordan probably is not enough at this length. washington,ing from wreaking earlier with our colleague pimm fox. as with anything, it is follow the money. the money trail is always where you are going to find the stages of this. they are getting money from somewhere. alix: how that money winds up down the road. oil pricess when fall. when a member of the islamic state guys in battle, they have to pay out money to families.

but does that do for the burn rate as well? mark: this is one of those things where the administration has gotten into trouble recently because of the president's comments overseas, and speaker boehner seizing on that. there does not seem to be a coherent strategy for how to deal with this. for now, boots on the ground not being discussed publicly. whether it is being discussed privately is obviously another's tory. alix: sadly, i have to say goodbye now. we will see you for the market close. coming up, we will be to the ceo of a startup that is trying to make sure the or -- the egg shortage is not taking your plate. ♪

just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. mark: welcome back to the bloomberg market day. i mark crumpton in new york. straight to the top headlines we

are following at this hour. the amtrak engineer at the speeding train that derail in philadelphia last month was not using his mobile phone. eight people killed, more than injured.s the national transportation safety board said the train accelerated to 106 miles per before the last minute entering a curve. the united states has overtaken theia to grab the crown as biggest natural gas producer. that is according to data compiled by bp which shows he was oil production rose to a record last year, gaining 1.6 merrill -- million barrels per day. the largest economy will reduce imports. that has also caused a slump in global energy prices. have you ever wanted to replace conference room whiteboard and projectors with a giant touchscreen computer that the microsoft says it has just the product for you for $20,000. in july the company will start

taking orders for the 84 inch circuit have. it comes with cameras and microphones. cost $7,000.sion will offerys it guest access to netflix on tvs in its guest rooms. select hotels will allow guests to use netflix by signing into throughisting accounts the app on internet connected televisions. for a new sign up subscription if they don't have one. netflix is currently available at six marriott properties with the more launching this summer. coming up in the next half hour, the japanese yen gave the most in almost three months after comments from the country's central bank. we will have the latest on what the bank had to say. and as the u.s. presidential campaign season heats up, a look at why of political campaign may have a lot in common with the tech startup. you will have an interview with

former president bill clinton from the clinton global initiative in denver. an outbreak of evian lou has devastated the egg industry causing shortages around the country. today the u.s. department of agriculture cut the forecast 4% from last month estimate. producers and restaurants, it is a delicate position to be in. one silicon valley company making a based substitute. the business has been not tear -- has been on a tear since the shortage. the ceo and alan bjerga joining us from washington. how serious is this? getting to be a pretty big deal across the country. the usda reduce the forecast for egg production last month to the lowest since 2000 eight. this month and even bigger cut. they also said the shortages could last until 2016.

it will take a while for the affected farms that have had 47 million birds annihilated to recover and get back to regular production levels you would like to see. this is not a problem going away in the next few months. mark: i guess in a sad irony, does this mean good business for you? >> it definitely needs a good business for us. this is a food system that is a little bit of you. drought can be representative of another. even before avian lou we were working with the big -- the big food service companies in the world, great partners like general mills. there is no doubt about it this has stirred more interest in what we're doing and not let the moment go to waste. mark: what type of companies have you been hearing from? >> 7-eleven just made the switch to officially today. partnerships with walmart, the

largest retailer in the world. a great partnership with hot -- cocteau, whole foods. food manufacturers across the united states whether they are making cookies or mayo or pasta .r custard even surprisingly some of the largest egg companies have come out -- have reached out to said we may be competitors but we are suffering from something right now, anyway you can help us out, and surprisingly, we are somewhat open to it right now. what does this mean for consumers and demand? >> you are seeing prices starting to rise. breaker has already are -- are already at record prices. gg demand has been going up because it is a relatively inexpensive form of protein. a question i would have is canton creek has been at the forefront of sustainability in in corn not using egg

production, water use. this is one of the appeals of the product, and clearly a mock -- market opportunity of the company. the question is, will this be sustainable to him as a reduction and inevitably rebounds over the net couple of production rebounds over the next couple of years? >> even before this, folks were calling is the fastest rebounding company on earth. important to think about what we do, there is a better way to do food. there is a better way to do food where you can say what would it look like if we started over? we would not use so much land, water. we would approach it differently. this is an opportunity, a moment in time to approach it differently when it comes to eggs and product. for us, it is important that we build a permanent relationships with 7-eleven. certainly the biggest food company in the world. todid not start this thing

run fast for two years that the next eight years. we will go forward with the mindset. you convince consumers and some of the stores you just mentioned, how do you convince them a replacement is not just a tactical move? something you are viewing long-term. >> two big things. when you go to a walmart or a you walk in any big corporate cafe or university and have the product, if it really good to you and is affordable, you will probably keep doing it. i think that is the best way to convince people. you realize folks are busy and word about lots of different things in their lives, if you can make them thing that is good taste and be less expensive, it does not matter if there is an evian lou outbreak or anything else, people will probably stick with it. mark: you have only been around for four or five years now. >> three years. people have been saying they are really hungry for a different way to do for.

we also have different approaches. if you want regular food to taste really good, not the best for the body or planet, but when you want good food for the body in the planet, it is choosing expensive in does not taste good. where foodent path that tastes good, it is accessible something that really connects to they are. we wrote an open letter to fix it to address some of the points . i think a lot of people work in big food and once a path to do the right thing. focus a lasern beam on doing that, the better the company will be. about what this means in terms of economy of scale between the united states and europe. >> the united states has been self-sufficient in a for a long time. you have seen a move to import some eggs from the netherlands. it will be the first time in a

decade we have seen imports coming from europe. that will get a short-term staff . this is a globalized economy. -- short term stab. this is a sort of thing that could lead to the alternative like you provide. --s will create the mark crack in the market that hansen creek needs. mark: can you talk to us about product releases? what is your strategy going forward? watching this at headquarters. we have pancakes coming out, muffins coming out. on november launching a product called just scramble, one plant that scramble like a chicken egg was a little bit lithic and said and becomes -- taste a little bit better. brownie mix coming out. ranch dressing. we have accelerated product development timeline across the board for bakeries and dressing.

we have done in deeper with great partnership. think as we are alluding to, we believe a permanent shift in the food infrastructure. not just about chicken eggs but reorients team toward something a little bit better. that is what my team is working on. ask you, whato was the genesis of all of this for you? where did you see a need, and how did you think you could help bridge the gap? >> i grew up in birmingham, alabama, with a really stubborn, frustrating --. growing up there my dad my whole life eight like crap, not very good for his body and the planet, and i could never convince that guy to eat a little bit better. i imagined a world in which you would do the right thing. the only answer i could come up with is if it tastes a little

bit better and pretty affordable, my dad will probably do it, and we created the company around it. mark: are you saying you don't cheat and eat stuff that is not good for you? >> of course i do. mark: joining us from san francisco. alan bjerga joining us from washington. thank you so much. , a controversial police incident in the detroit higher taxeading to bills for residents. that story when we return. ♪

mark: welcome back to bloomberg market day.

i am mark crumpton. with theerns joins me details. market showing momentum on this went a. himia: a little bit of intraday rally. the dow above 18,000. the nasdaq trading near the highest level in 13 years. the s&p bouncing back from the biggest loss in two months. want to show you what is happening in the treasury market. it really looks like the global treasury rally taking place for the past couple of weeks is continuing the yield on the 10-year note trading at the highest level since late september. we are seeing a global selloff in bonds around the world. the german bunds its 1% for the first time since september. taking a look at what is happening. falling today. trading at the lowest level since may 18, down now read a third straight day. we are seeing strength in the japanese yen. the japanese

governor. saying he thinks it is unlikely the yen will decline any further. moving on to commodities. oil touching the highest level of the year, also perhaps on tops of the dollar weakness. trading just under $61 per barrel. that is also sending energy shares higher. the equity market. gold is having its best day in two weeks. gold trading at the highest level of 2015. seven month high for gold. of for a third straight day in a row. gold huger's trading at 11.36. -- gold trading. at today's market closes in asia and europe. up to six days of the kleins. the longest losing stretch -- stretch since december.

the big news coming to -- just 20 minutes before the european close. merkel's government may be satisfied with greece can meeting -- committing to at least one economic reform to open the door to bailout funds. on july merkel arrived at the summit in brussels. she said where there is a well, there is a way. was --ens stock market was closed before the news crossed the bloomberg terminal. that did not affect the stock market. look at the movers. a lot of the subsectors of the stoxx 600. every single one of them rising today. oil driven higher by today, 5% rise in the price of brent crude. i want to show you the three big gainers today. austrian schilling maker, big decline. 21%. biggest fault of its 2008 on the report it lost a contract that

supplied parts for the iphone and watch. the biggest gainer in europe today. most of its profit comes from asia, a british bank. first day on the job for the chief executive. he says he is pledging to eliminate west -- a limited waste. it is along with other greek lenders declining. aggregates cut the estimate to 2013 estimates. did not benefit from the late news on greece. back to you in new york. mark: china's second-biggest nuclear operators surged in the shanghai trading debut. the listing comes as china hopes to boost nuclear power generation and cut production. -- pollution, excuse me. pc as become the first nuclear power operator and mainland china. and the list say the company has as distinct advantage and that

power market and strong earnings potential as the country expands in a new their power industry. the listing itself is an indication of china's nuclear ambition. the company aims to more than double the nuclear capacity by 2020, and in a list say this will reap are 16 billion dollars of investments every year. nuclear power firms now need to raise capital power plants. the plans to use the ipo fund of $2 billion on four nuclear projects. now a look at the top stories crossing the bloomberg terminal at this hour. in the wake of a widening hasuption scandal, fifa suspended the bidding process for the 2016 cup. it would be in his words, .onsense to begin in now they include the united states, mexico, canada and companies from europe. the next target for federal prosecutors trading in the treasury market. the u.s. justice department will look into whether finance

institutions are sharing information improperly. this comes after the government successfully went after wall street's illegal crack this is in foreign currency. officials have resumed the hunt for two is a killers. they are now in the fifth day of the manhunt. today officers will go house to house in that town of dan a mora where david sweat and richard mack has their way out of clinton correctional facility using power tools. troopers say the house searches are not the result of any new leads. that is a look at the top stories we're following at this hour. of police incident and the detroit never will cost homeowner. back in january officers dragged an unarmed man out of his car and beat him bloody. that incident was captured on video. floyd didn't spent three days in a hospital. dent spent three days

in the hospital. prosecutors settle the case. the penalty will cost us of the full homeowner $179 on the july property tax will. the cost of dealing with police incident is soaring in many cities. scarlet fu joins me with more on this. when i saw this, this is an angle you just do not hear about enough. property taxes are going to go up because of the legal costs that are incurred by the police department. scarlet: homeowners do not know that is the reason. could be spread out in different ways. certainly not the only city where you are getting hit by involvinglements policeman conduct. in detroit $27 million or at least that's amount to settle law enforcement involving lawsuit since 2008. in new york and -- new york city a record 130 7 million. chicago almost 200 million and legal costs, two thirds of which are linked to police behavior.

as for this incident you were just telling about, that was captured on camera. the police officer faces three felony charges. he was fired. two other officers were said -- were suspended without pay. we have seen how other incidents do not go away quite agree. mark: we should note even after , they did not see the riot, the civil unrest like in ferguson and baltimore. the authorities, and i would gather, community leaders tried to tamp down expectations or keep this as peaceful as possible, which they did. this is one of those incidents where you get a property tax bill, you might understand. might be the township or other department. in the middle of something that involves lawsuits and legalities

that you just don't know of. bettyt: in the next hour lou will speak with bill clinton. they will discuss a number of issues ranging of controversies with donations to the clinton foundation, being transparent on the neck is -- on the campaigns, and oh yeah, his wife is running for president. i am sure that will come up in the, station. 2:00 on bloomberg television. thank you so much. appreciate it. we will see scarlet in just a few minutes. still ahead, some of the brightest minds in tech and data are heading to iowa and new hampshire. how presidential candidates are taking a page out of the start of playbook. we will be right back. ♪

welcome back to the

bloomberg market day. the presidential race is really getting going. hillary clinton has her campaign rollout this weekend. later.h a few days behind the pomp and circumstance, the high-stakes game of building an organization from scratch is kicking into high gear as well. phil mattingly joins us now from washington with more on the story. are we being similarities between this campaign and the obama rollout, the successful rollout happening back in 2008? many ways we are. i think that has become the gold standard. when you look at how campaigns are structured and how they launch, there is an interesting comparison.

bevy of thirtysomethings running the show, a complex organization with higher stress, billions of dollars. you can basically be talking about any silicon valley startup. be talking about one of the presidential campaigns we are seeing a lot right now. when it comes to hillary for america or marco rubio for president, the challenges these teams are facing are not unlike the companies like snapchat facing. there was a firm that took a look at these entities in a recent research paper. it was authored by matt mcdonald, former senior republican campaign staffer. his findings, a campaign is a lot like a startup on steroids. of the biggest takeaways is how fast presidential campaign move in terms of fundraising and trying to hire staff. it is like taking a plane off

the runway and building it as you are entering into flight. il: one of the key things to look at is the level of fundraising. you want to if compare startups to presidential campaign, and less than two years these campaigns where approaching $1 billion. it took companies like twitter four years toer reach that. phil mattingly joining us from washington. coming up in the next half hour, former president bill clinton. betty liu will sit down with him at the clinton global initiative americas meeting in denver. bloomberg market day continues in just a moment. ♪

mark: it is 11:00 a.m. in san francisco, 2:00 p.m. in new york. the clinton global initiative

conference, where former president bill clinton is holding court. he joins us for a live interview. scarlet: an exclusive interview with chevron ceo john watson. mark: and it is what the auto industry doesn't want you to know. how high are the margins on rucks? mark: good afternoon, and welcome to bloomberg market day. i am mark crumpton, here with scarlet fu. scarlet: let's look at the markets. stocks opened higher and it never looked back. optimism that greece will reach a deal with creditors and germany's