obamathis hour, president is on capitol hill trying to change the minds. spokeplus charlie ergen exclusively with betty liu on the future of how we all will be watching our favorite shows. and the raptors are back. the first "jurassic park" movie in 14 years will be out today. make -- iies want to can't believe i'm saying this -- dinormous money. ♪ scarlet: morning. i'm scarlet fu. erik: i'm erik schatzker. newsroom ons in the consumer confidence.

mike: happy campers we are. not just spending money, but that is the preliminary michigan sentiment indicators -- an index rises all the way to 94.6%. tojumps from one of 6.8 100.8. i citations rise from 86.8 to 84.2. apparently the weather has warmed and everyone is feeling a whole lot better. the fed those keeping i on their inflation index. the twelve-month inflation to .7%.alls to two point we thought it would be 2.8%. it looks like americans aren't worried about prices racing right now. -- rising right now. americans are spending and they are in a good mood on this friday. erik: the current conditions reading so much higher than it was in the previous month.

does that tell us something about the second quarter that perhaps other economic data aren't? mike: i'm not sure, but it does reinforce the idea that maybe people starting our notice to the fact that their paychecks are getting bigger and the gas remained.-- drop has this is the time of year where gas prices shoot up and they have not done that and that has got to make people feel a little bit better. erik: thank you very much. scarlet: if you look at the impact on the markets are not, it is still early going here on the u.s. stock market, but we are paring our losses. you can see the s&p is only down by half of 1%. the nasdaq listing -- losing 4/10 of 1%. looking higher after that release of the michigan conference report. it is a mixed day overall. we are not seen wide ranges. it is pretty slow going at the moment. if you look at treasuries, lots of volatility there of the past

couple days. there has been a lot of supply coming onto the market. you do see a little bit of a change here. the yield on the 10 year is kicking a bit lower. the two-year yield at 72 basis points. if you look at the dollar, let us go there for a moment there. retail sales have lifted the dollar yesterday. xy marginally higher in the euro weaker at 123. let us see what is making news on the bloomberg terminal this morning. angela merkel is speaking out on the greek crisis. out in berlin calling on talks to continue. >> with regard to greece, i would just like to say once more , again as i argued it again and again in the past, where there's a will, there's a way. the will must come from everybody. and that is why i think it is right that we talk to each other again and again. scarlet: officials told

bloomberg news that policymakers are now examining all scenarios if greece refuses to compromise. that includes the possibility that greece will leave the euro. i will believe it when i see it. erik: the thing that angela merkel said that keeps coming back to me as again and again and again. that has been the story with greece all along. at least it still is according to the german chancellor. it may be a steve jobs moment with debt towards the -- jack dorsey at twitter. costolo will be leaving and jack dorsey is returning on an interim basis. he is returning to the job he was pushed out of in 2008. that is the way that jobs was pushed out at apple and return himself. dorsey said he is confident that twitter is going in the right direction. >> one of the reasons that i'm stepping into this interim role is because of the belief i have around our direction and our strategy, specifically around the products. i had a lot of contacts for it

as chairman and talking to the demand team running it and i do believe that it is right and i do not anticipate any change in that strategy or the product direction. costolo guided twitter through its ipo back in 2013. he has fallen under some criticism because the stock has sinced by more than 50% its peak and company growth has been slowing. scarlet: the best line i saw from twitter was that jack dorsey's first order of business is to reopen the fighting pits. the telecom industry has lost a last-ditch bid to block net neutrality rules. the federal sales report denied a request from the regulations taking effect today. broadbandll oversee providers the same way it looks over phone service. and will keep providers from blocking or slowing down internet traffic. erik: privacy is telling google it has two weeks to remove it

when requested. the supreme court saying that it erased if a consumer asks. public figures must have it up. we'll have more stories next half hour. scarlet: we have some exclusive interviews. first of his charlie ergen. he sat down with betty liu to talk about the changing face of cable television. erik: then an exclusive with a top criminal prosecutor at the justice department. she and i talked about the recent bank settlements and what cases you might ring next. also, why she hasn't charged any individual thinkers -- bankers in the case yet. scarlet: and for chairman bill ford will be joining us live. because a big announcement about the automaker's role in the world's biggest car races.

matt miller will be speaking with bill for later on. -- bill ford later on. erik: on capitol hill, president get a trade deal and this time democrats are standing in his way. scarlet: he needs that authority to finish off the transpacific partnership. hurtals say it will american workers. at this hour, president obama is on capitol hill trying to change my mind. chief washington correspondent peter cook is on capitol hill as well. -- we also have greg kelly a greg. president is doing last-minute lobbying. have you seen him making rounds? peter: you can see i am a little out of breath. i'm just running out of breath from a meeting where the president just enter the room. congressional democrats are going to hear him make his final pitch as to why they need to

support him on this fast-track trade bill. this is a last-ditch effort by president who sees his fellow party members standing in his way of arguably the most important economic initiative of his second term. i heard from several pro-trade feel, or that they about chances today. we also heard from a whole host of democrats who oppose this legislation. they also feel just as confident that they are going to be able to kill it today or at least and in the way temporarily. erik: peter, we caught up with you earlier this morning and talking about some of the trading that has been going on. is there anything of substance going on behind the scenes that could tip the scales either way in this debate, mostly with democrats over this fast-track trade authority? peter: the reality is that appeared -- up here like pork projects and earmarks are not completely a thing of the past, but it pretty much our. the argument from this president right now or than anything else is how can you my fellow party

members stand in the way of this important economic achievement? are you prepared to basically embarrassed me right now in this critical moment? that is going to be the pitch. i know that there are democrats who have been wavering. they will hear the president out. at the end of the day, it is either you are with me or against me. be with me today. that is the message i expect coming out of this meeting. greg, how much political capital is the president going to have to spend to get democrats on his side and how much will he have to pay back to term?em at the end of the greg: it is the wheeling and dealing and arm-twisting and threats. he is going to have to spend a lot. if this goes down today, i think you will see within days people saying that he is a lame duck. he certainly does not want to get that label right now. the stakes could not be higher. scarlet: the president showed up at the congressional baseball game last night. he was gladhanding everyone.

part of that last-minute push to get some support on his and. and there it is. he was at the congressional baseball game, making an appearance with sunglasses on. he is not known for doing things like this. he likes to keep his distance. tocy pelosi is also said speak sometime soon. do we have any sense of how she will vote and what the extent of whois on democrats wan are upset with the president right now? greg: there are two things. the trade authority will go through. the trade assistant for aiding people who are laid off may not have votes there. you have to get more democrats to support it. ironically, this program is their idea. some republicans are saying that we don't think that government should be spending more money on people who got laid off. the dynamics are different on the second part of the bill. that is where i'd be looking for ib interest it to see what she

has to say about this trade adjustment process and -- provision. erik: unfortunately, we don't have in trade any longer to give us the arts on this adjustment assistance. what are you hearing? greg just outlined that it is pretty touching go. as it seems though that is going to get passed? peter: i just spoke directly to lawmakers going in, some very involved in this. they say on the first vote that they have the votes in the stand away. as greg pointed out, this is a link vote. if that goes down, we won't even have a vote on fast track. at 11:20 is happening a.m. and that is the one to watch. the body language i saw suggested to me that opponents of the president's trade agenda might have the upper hand at this moment in time. scarlet: since there is no in trade, we want to get your odds. what are the odds of the first

bill will pass and then we can move on to the tpa? greg: i thought until about eight hours ago that this would make it and that both builds would make it. now that really is a coin toss. if i have to make a prediction, i think this thing makes it by one vote. it is a low confidence prediction. scarlet: a low confidence prediction that will make it by one vote. greg, thank you so much from the atomic research group and our own peter cook. coming up, charlie ergen will talk about the future cable tv and why he is interested in buying another company, maybe t-mobile. ♪

scarlet: good morning and

welcome back. i'm scarlet fu. erik: i am it's as good. julie hyman is here with a look at what is happening in financial markets. your highlights. julie: we are ending the week on a down note for u.s. averages following what happened in europe. people still watching any lack of progress on the greek negotiations as members of the eurozone try to get tough with greece. does not seem to be working. all the major averages are lower. i want to check on an digital stocks. last talk twitter and the reaction to the departure of ceo dick costolo. shares of 1%. i want to show the trajectory of the past with for hours or so. once the headlines crossed, shares rose by 10%. since then in early trading and now we open regular session, that game has been paired.

uncertainty on who the next permanent ceo will be as jack dorsey is only temporary and what the growth prospects under a newcompany ceo. a quick check on eli lilly, one of the worst performers on the s&p 500. after rising to a 14 year high yesterday, some analysts who specialize in pharma say there lillycern about eli treatment of alzheimer's patients. scarlet: julie hyman with the latest on the markets. let us look at some top stories this morning. the manhunt for two killers is in the seventh they in new york and local schools are closed. hundreds of law enforcement officers involved in the search. at the same time, the officer reportedly was supposed to take up the escapees but backed out and sectors up into a hospital. in france, dominique strauss-kahn has been cleared of charges.

it closes four years of legal drama. 10 others were acquitted as well. the charges stem from sex parties held during the global financial crisis. he lost the presidential election, but mitt romney is still a big draw for republican hopefuls want his endorsement and money. six presidential candidates will be a part city, utah for romney's third annual retreat this weekend. it brings together individual leaders and politics and policy. mitt romney will be joining "with all due respect t." those are your top stories. erik: netflix premiered the third season of "what is the new black." scarlet: they from you do a little bit ahead of time. erik: maybe you watch to on your roku or dish satellite. that is what charlie ergen is hoping for. he sat down with an exclusive interview and guess who is here?

betty liu. "oranges in fan of the black -- orange is the new black." i hope to watch it, too. they hope to break that long-held cable bundle. apple tv is coming up soon. i asked charlie ergen who will win or lose. >> like any new technology or business, there will be some carcasses that don't make it. they will be dead on the side of the road. we don't want to be one of them. we don't mind other people being successful. ourselves and it we will be successful if we have the technology and a good product. betty: is it going to be temporarily final price? >> i think it will be fine on price and easier on the user interface. can you pick it up and use it

--hout an extraction manual? instructional manual? certainly. apple has pioneered that kind of thing. we have lots of room of improvement for sling tv. it was good for 20 channels and now we are 60 channels. we have 200 international channels. it will be fought on the number of issues and distribution and real state and on devices. so, a lot of issues, but price will be one of the issues. betty: given that, is apple tv they haven'tthat done this for several years -- are they late to the game here? >> we are still in the first inning. i don't think they late to begin at all. i think the second inning is next year. i think there is room for multiple insurance and we will see multiple entrance with the cable industry. betty: where'd you see video in five years, charlie?

>> in general, any video i would want to watch is the club. we are connected to the cloud and we have access to that video. probablygeneration will not sort video by channel. they won't know it by comedy central. the lilith it by this particular show or the program. know it by this particular show or the program. there'll be a loss of identity by networks. it will just become shows. netflix has proven that. you don't know whether you are getting programming from viacom or discovery. i was always a little bit baffled why programmers did that. sot cow is out of the barn you're just going to talk to your phone or device and say this is what i want to watch. it's going to pull it up and you're going to start washing it.

you are not going to have to worry about pulling up a button and starting to record it. you will have access really on-demand whether it is a 1930's movie or the latest sporting event. content,u distribute what would you ever go into creating content? doubt it. we barely have expertise to do what we are doing today. we have no expertise on content creation. content we created was like i'm chat show talking to you. it was a pretty bad show and that was the best we have ever done. betty: have you reinstituted that? >> the phone is not ringing off the hook to bring back charlie chat. betty: would you want to acquire a company? >> we never say never to that. strategically, we are like switzerland. -- we have msnbc

and we have fox. we don't try to editorialize. we have bloomberg by the way. we don't try to editorialize what people watch. we give them the choice to watch whatever they want to. they can black out something that they don't want to watch it. betty: you want to be agnostic. >> if you are one of our programming partners, we want you to know that you will get a fair shake on anything that dish does. ergen,that was charlie the founder and ceo of this. i love the way that charlie admits he knows what he doesn't know. he learned satellite-tv from scratch. i love the way that he is dressed in his dish uniform. erik: sounds like he is going out to services satellite box. betty: i could call you up tomorrow and have you fix my satellite. erik: betty, thank you for bringing more of that interview with charlie ergen. and there's more coming up. we will be back in a moment.

♪

erik: welcome back. i am erik schatzker humus scarlet fu. -- here was scarlet fu. he is the billionaire investor mistakes in twitter and fox. i asked him about the changes at fox with rupert murdoch pending the reins to his son, james. prince al-waleed: no doubt that mr. james will be injecting new blood into the ecosystem of austrian mr. james is young. he is very much tech savvy. i think right now with what is going on in the integration of technology arena that he will be playing a big role in that aspect of fox. erik: no great surprise there. he has been a longtime supporter news corp..

publiclye first to call for james murdoch to succeed revert as ceo. -- succeed rupert as ceo. scarlet: how long has he been calling for that? erik: i was a three or four years. we also talk to him about twitter and he said a couple of things. he said that twitter should remain an independent company and rebuild its value before considering a merger. also that it should be a public company. even with the valuation of $25 billion, twitter in theory potentially sold -- he said no. ,carlet: much more coming up including the doj pressuring big banks. ♪

erik: welcome back. it is all 10:30 here in new york city. day."s "bloomberg market scarlet: americans are more

bullish about the economy. workers are the most optimistic about the prospects for bigger paychecks and seven years. economists give credit to the stronger job market. prices rose at the fastest days in almost three years. they were pushed higher by the in gas prices. outside of increases, core inflation remain moderate. the consumer index was up 5%. a pretaxex is taking charge because of changes in its pension plan. that change has prompted the company to cut its expected rate of return on investments. welcome to the zero interest rate world. a new report shows that there is still weak points in the housing market. still ohof americans

more on their mortgages than what their home is where. healthyrt says that a report with have only a 2% underwater rate. onrlet: let's get a check u.s. stocks. about one hour into the trading session. stocks are ending on a doubt .now -- down note tracking declines in europe where the greek index is up almost 6%. a lot of concern over what will happen this weekend on the greek markets. the -- a gives you a sense that throughout europe, it is predominantly a decline. scarlet: we should mention that angela merkel said that the euro policyh was making initiatives difficult in the nation. they didn't fly, which measures

the u.s. currency versus six other currencies is moving higher. right now, up 2/10 of 1%. erik: i like say is euro, keep on weakening. i'm coming for you next week. scarlet: coming up, solar flares. they could one day destroy the world power -- world's power grid. one of the biggest openings expected this weekend. it has been another big year for federal prosecutors taking on some of the biggest banks. last month, for them pleaded abusing for an interest rates. the perception remains that banks get away with too much. i spoke with assistant attorney

general, who oversees the criminal division which makes her the number three official behind loretta lynch. i asked her how she is trying to change all of that. leslie: i think the public does plea agreements. if they did, they would see that the banks have been subjected to demands that are business practices change and certain areas. willank has a monitor that monitor its activities. other banks make -- are required to make compliance changes. all things are required to -- all banks are required to cooperate with us. banks, if you asked the they would tell you that the cd settlements as quite onerous. one thing that we can do is

individuals. obviously, we have not prosecuted individuals with the recent settlement, but we have prosecuted over one dozen. erik: will you prosecute? leslie: we may. i think every case is different. every case depends on specific facts. bring a case against the individual is very different that bring a case against the company. the company is responsible for all things that the employees say and do. erik: students of criminal and corporate law will remember that you were involved in the enron prosecution. they also remember arthur , a case where a firm ceased to exist. that is the ultimate power that the justice department has over company. what would it take in the case of banks for you to want to shut that business down.

to shutwe do not want institutions down. we consider that if the bank is a completely rogue bank, that would be one thing. if the bank is a normal bank operating at 99 .9% of lawful business, we have no desire to shut that thing down. we do want to shut it down for bad conduct. rogue.you use the word wr if i would look at the banks that have been indicted, i would say i see behavior that seems rogue. you have banks manipulating foreign exchange rates, interest rates, precious metals. goodness knows what else. isn't that rogue? rogue, that conduct is but that does not mean the bank is. they employee hundreds of

thousands of employees around the world that have nothing to do with the conduct that comes to our attention. that said, in each of these affects, we made the decision that we would prosecute these banks. that is frankly are we could do as federal prosecutors. we did prosecute them. they pled guilty, paint significant amounts, and are subject to remedial measures. erik: these investigations continue. involvesases, it still foreign exchanges, mortgage backed securities, and other , and securities, for that matter, that you may be looking into. how much longer do you think these current investigations were last? leslie: what we do is look at the evidence and takes it .herever leads sometimes it is a short-term, sometimes it is a launcher. we just continue following evidence. i cannot predict how much longer

this will last. what your office does is in the hope of creating a deterrent, right? to future mafias and criminal conduct. you see evidence on wall street and the financial community that it is having a deterrent effect? leslie: i certainly see difference -- deterrence at high levels. they get that corporate culture needs to be repaired. they are taking steps to do that. whether they ultimately succeed remains to be seen. we are encouraged to see that they understand compliance of the law and having a corporate culture that complies with the law. erik: the way you phrase it makes it sound like it is still just starting. i don't know i would say it is just starting. i would say different banks are at different places. i would say that all banks agree

on the importance. erik: are you seeing cooperation from boards and ceos and general counsel's that you hope to have? we are. one of the messages that we have sent is that we want companies to cooperate, and there is a real benefit for cooperating. we have been telling companies that if you want to cooperate, we expect the one identify for us capable individuals. not to say that we are not doing our own investigations, but we are really encouraging corporate cooperation. erik: that was my interview with assistant attorney general at the doj, leslie caldwell. scarlet: i'm sure she had some thoughts on feifa. erik: her office is involved. we talked about how long it will allegedbring these

criminals to justice, and she said because the extradition rules are different in each country, it could take years. i also asked her if there would for example,der -- did any american company for the value of the merchandising bribe a foreign official? she did not go there, but said it is something they're looking at. .he has a lot on her plate she is an incredibly impressive woman. she came back -- she was the director of the enron task force , that she went into private practice, and now she is back at the criminal division. scarlet: she never worked on wall street? .rik: no going back to the 1980's, she was involved in the justice department. she says her three priorities are cybercrime -- we talked about white-collar crime, and also public corruption. she says there is a shocking

amount of all three. all three are huge columns, bigger than she thought. scarlet: great interview, eric. erik: my weekend starts now. enjoy.: and a meantime, we have much more coming up. fictions like science -- we will have details.

scarlet: some big interviews coming up. a former potential candidate and a potential one. joining us will be at 5:00 eastern, along with the former governor of ohio, john kasich.

it is time to get you caught up on market action around the world. we will start with europe. mark barton is in new york. mark: european stocks are on track for the third week for the stretch since october. the concern is that greece will not strike a deal to stay off the default. rose by 3%., it these three were the big gainers yesterday, look at the big declines today. every single sector of the 600 is declining today. what a 24 hours. -- la merkel urging tsipras to accept. mix, the imf's storming out of brussels. it all amounts for a recipe for market uncertain.

look at the yield on the greek 10 year. the portuguese bond higher, spain ba likewise. germany not though. not such a bad this week -- bad week this week. it is all about european assets falling today. scarlet: thank you, mark. falling in the u.s. as well. we're seeing some of the eggs over the greek negotiation's as well. right out of the gate, we were not down much, but take a look. s&p alsos down as the falls. the biggest drag is energy. arein the energy index, we seeing a decline of -- one of the worst sectors. oil prices are lower. not surprising that we are

seeing energy shares follow suit. we're down 1.3% on continuing concerns of the global supply. i have showed this chart before, show it again. it is u.s. stockpiles. even though it is declining from its high, this is the seasonal high. we are still seeing stock bells above -- barrels above the five-year supply. here's a look at what is going on in the treasury market. we are seeing the yield at 2.34%. we have seen yields come down a little bit today, despite the better than estimated data. scarlet: thank you so much. we want to get to some top stories. we have gotten the glimpse at the first commercial version of virtual reality. releasing goggles. for now, it is meant to hook up

to a high end computer for video games, but they have voice recognition software as well as microphones for communication. members of the european legislation byed rule of hands. ifa president set to give an announcement. curry scored 20 points for the golden state. lebron james averaged over 40 points, up three points in the series, but last night he was to 20. there was a scary point for lebron james, he lost his balance and trash into a camera. he cut his head, but returned to the game. look at that. shots ofe some close

bleeding. those are your top stories at this hour. still ahead, president obama's democratsth senate just ended. we will hear from all make her that was there.

scarlet: welcome back to "bloomberg market day." it is friday, which means we're bringing you the best of the weekend. universal pictures is highly ."ticipating "jurassic world it could bring in as much as $130 million this weekend. it is the first film in the jurassic park franchise in 14 years. hall joins us now from los angeles -- paul joins us from los angeles as well as paul sweeney here in new york.

anything less than $100 million would be considered a massive failure, within a? paul: i think so. we really need the film to deliver. we have had three weekends down since memorial weekend. this would be a huge boost to the summer season, which is just about in with last year's season, which ultimately ended up down 15% versus the record year before. our analytics show that moving forward, we will have a lot of big movies. 2," "mission impossible." "jurassic world" is the first movie that could turn this summer around. scarlet: it was a limited

release on thursday night? yes.s.: the expectations, as paul suggested, are very strong for this opening weekend. the expectations are of $300 million globally. this is a big movie for the industry, a big movie for comcast, which owns universal studios. scarlet: of course, the 19 a three "jurassic park" made $50 million in its opening weekend, a record for its time. i be comparing this to "star these --asten the for fast and the furious"? do franchiseto sorts of numbers. well north of $100 million on the opening weekend is a must. .300 million plus domestically

you will see universal step up again with a lot more jurassic park movies in the future. scarlet: one thing that i found interesting is that steven spielberg directed the first two movies. holds up very well. i just watched it one month ago, and my kids were scared. he was involved in "jurassic park three," and also involved in the sequel as an executive producer. we assume quality because of his involvement at that level? doesn't matter? paul: i think it does matter. tied to thiscably franchise, and rightfully so. he delivered the biggest opening weekend in 19 a three when the in 1993, when the

first "jurassic park" open. the movie really does deliver. it is a perfect popcorn movie. i think that is what these films are all about. i agree with paul that this one gross they out earlier incarnation. not only because of ticket price inflation, but the international component. we see that the international is a huge success of any action movie like this. with this big franchise, this big name, the international box office could be the bigger component of the worldwide. it could generate as much as 70% of the total worldwide box to go on "jurassic world down the road, there is a ripple effect with a big movie in the s becoming a big movie on the small screen down the road. -- let: i'm sure there

that it will be huge in places like china. paul, the tagline of this movie is that is a movie 65 million years in the making. how big of a budget is a? : it is a big budget. b when wend of num think of these big movies, often thees the production -- marketing is close to the overall production. it is a big issue. the issue for the hollywood studios is that these movies have two play globally. it has to play not only in. a -- not only in the u.s., but in prague, and elsewhere. scarlet: and it has to play with

kids as well. you have the toy industry on board. year of the dinosaur. this is not the only big dinosaur movie, is a? s.: we are going through a genre of dinosaur movies. a big pushe throughout the summer for merchandise. of course, everybody tries to emulate disney. no one does merchandise better than disney. they tie merchandise to movies and then theme parks. universalnd of course have to update their attractions at universal studios. s.: that's right. scarlet: what have you heard from the reviews? .: look, these movies are not for the critics, it is for the audience.

does it bring the popcorn experience? originalie back to the "jurassic park" movie? if you want to go in, check your brain at the door, put on your 3-d glasses, sit in front of the screen and have a great time. i think the fact that we're talking about $100 million plus this weekend says that this will deliver what the audience wants. it is critic proof. scarlet: thank you so much. " will have much more on bloomberg market day" after this.

scarlet: it is 11:00 a.m. in new york, 8:00 in san francisco and 4:00 in london. >> down to the wire.

the u.s. house of representatives will be voting in about one hour on whether or not they give the president more authority on trade deals. scarlet: we have an exclusive interview with bill ford, explaining why the company is getting back into one of the biggest car basis. it is the mysterious virus that has south korea on guard. we will talk about the mers outbreak with one of the top immunologists. scarlet: good morning, everyone. i am scarlet fu. pimm: i'm pimm fox. let's take a look at the markets. , the dow jonesks