."icku day olivia: we're looking at the biggest risks in 2015. erik: the u.s. embassy today is open and washington. olivia: look at this video. a pro surfer wrestling a shark on live television. what an end to shark week. ♪ olivia: good morning. i'm olivia sterns. erik: i'm erik schatzker. it is 10:00 in new york city. let us show you what is happening in financial markets. not a big day in stocks. stocks are pretty much flatlining this morning. there are individual stocks on

the move, like paypal which just started trading on its own. there is a company being acquired, but overall it is pretty flat. the biggest story however is taking place and commodities, where gold has dropped to a five-year low. gold is heading for $1100 in a hurry. --via: it is all and is it in anticipation of a stronger dollar with a rate rise in 2015. you are looking at the bloomberg commodity index. it is showing that commodities are trading near a few team your low.- 13 year we will break that down with investors throughout the show. but is looking at what is making news on the bloomberg terminal. greek banks reopening today after the country repaid at $7.4 billion loan to its creditors. capital controls remain and plate -- in place. elliott joins us live from athens.

elliott: the banks reopened after being effectively closed for three weeks. not much has changed. they can now take out for 20 euros -- 420 euros in one go. they can go and deposit checks into safety deposit baucus. overall, the broader capital controls remain in place. you cannot transfer money generally overseas, for example. some places are still not taking credit or debit cards. toy made that the repayment the imf and the greek central bank is no longer in arrears with the imf. and as paid off that debt to the european central bank. ecb deadline to repay the effectively concentrated the mind of prime minister tsipras. he did that deal with his eurozone counterparts. in today's time, that will potentially be another

parliamentary punch up. star preconditions for the third bailout for greece need to be tabled for parliament. there are many results in the ruling and the coalition. while there be more? maybe more. there may be a law allowing for the potential to bail into the future. olivia: the more defections we do see, the more likely we see elections coming up this fall. thank you, elliott. in other news, the financial times may be up for sales. they are exploring a sale of the venerable newspaper after interest from potential buyers. the newspaperue as much as 1.6 billion dollars. no formal talks are underway. to byed martin has agreed the world's biggest maker of military helicopters the price tag -- $9 billion.

it is the biggest aerospace deal in three years. lockheed is already the world's largest defense contractor. sikorsky is now focused on making jet engines and elevators. erik: a new movie about a tiny superhero was the box office winner. antman" one the ticket sales, the newest character from marvel studios. minions" rounded out second-place with over $100 million worldwide. olivia: you will hear from ear and he haslaz a lot to say about the current crowd of republican hopefuls, including, you guessed it, the donald and paypal is celebrating its first day as an independent company. one of its biggest challenges --

keeping your financial data say. -- safe. a likely jump and trade revenue over there. erik: greece's settling of with some of its creditors. imf,ies of checks to the the ecb, and the central bank in greece. the stock market close. olivia: it is amazingly got here. the question now -- can investors put all this greek bed?a to that -- drama to eric and i have been discussing that. the chinese market appears to be stabilizing. dan, anus now is analyst with tiaa-cref. let us talk about greece. is greece really now off the risk?for u.s. 2015 market dan: absolutely. anything in terms of threatening

financial market stability is something we can thank fully forget about for a wild. olivia: how about china? it was that the chinese government has done enough to sort of stabilize things. is china going forward a big risk? dan: there is a question of whether it was really a risk. we are talking about the domestic market being essentially closed to foreigners anyway. the bigger concern is what is going on there in terms of direction. could it affect the economy as a whole and affect global economics or what it seeks the outside of the domestic market? we not see that much of the risk anyway. it is good that it stabilized, but we did not see it as a big concern. erik: the central banks back in control, which classes would you allocate? dan: we prefer equities to fixed income. we have had a big selloff in treasuries, but we think it is going to continue more likely than not. we will have the rate of 100 basis points higher now.

equities are looking better. that said, we hopefully see a modest replay with what we had it in the first four months of the year when we had a good returns out of europe and japan relative to the u.s.. we think is going to happen again with better returns notrnationally and the u.s. coming out as strong as we had in april, but the relative pattern should repeat. erik: do these stocks look appealing? he was of lot -- you lose a lot in currency translation. our view is taking into account the loss is, you will make enough on the market to compensate for the currency. we do not think it is worth it in the end to hedge it because you do not know exactly which way it is going to go. in the same way, we will not see a big appreciation in the market , but we will not see a big run-up to the dollar. it hopefully will not cut up quite as much as it did in

april. olivia: going into this year, everyone was revising their forecast for profit growth, but that has turned around. dan: with the story of the this year, the markets were doing quite well even though you are not sure about the economy. it is a bit reversed now. we are feeling good about the economy, but the market has had its time. we're going to see better #weomic frankly numbers -- could it is still positive, but very modest expectations. olivia: what was your reaction from hearing from janet yellen last week? dan: that preparation of the markets and communication has yet to come in so that when it does that hopefully the reaction will not be that negative. the thing to keep in mind is that as much as they want to worry about inflation, the strength of the economy is signaling that we are going back to a new normal, whatever that normal is. it is not advisable to have real rates as low as they are. the sooner we can get back to something more like a 2% real wherewhich is a long ways

we are at now, it is better for the economy. erik: perhaps, but is it necessarily for the benefit of investors? once we get back to normalize monetary policy, is it going to be harder or easier to invest? dan: you will be better for fixed income investors in so far as they actually get income. expecting we are returns for fixed income and equities not to be what they were going to be 10 years ago. erik: what should we do going forward? dan: we'll see high single digits in the next several years. if you look at the fixed income, we had this bull market for the last 30 years. even before the crisis started, you are already in a new normal. they were going to stay low and fairly stable regardless. that level is lower, but the fundamental outlook was the same. higherbably need to have

allocations. the equities are china make up for some of that return. the traditional public equity fixed income is not going to give you your bank for the buck. olivia: thank you, dan morris, any new -- on a new and less profitable normal. erik: one the republican party's most affected -- respected economist on the republican field, including those incendiary comments from the donald. ♪

good morning. welcome back to "bloomberg day. i'm olivia i' sterns. " erik: i'm erik schatzker.

julie hyman, it is hard to look at anything other than paypal. just like that, it was a $50 billion company inside of another company, i guess you could argue. if you look at ebay and paypal this morning, paypal is rising on his first official day of trading as once again an independent company. up better than 5% and ebay is little chance. just a note of explanation, paypal shares have been trading on an as issued basis. sort of like a tracking stock over the past week or so. we have an idea of where the shares would be trading. indeed they are. ebay, if you look at the bloomberg terminal, is just backwards to look at ebay. ebay was at this price or a comparable price without paypal. paypal is now larger than ebay if you take a look at my bloomberg terminal now. you get one idea why. growth fores volume

amex-visa credit cards. this is the volume on each of these. on an absolute basis, paypal does not stack up in the same way. if you're looking for growth containment volume, it looks like a pal is where you're going to get it. that is why you are seeing people buy the stock today. as for the other movers we are watching, one of the other top performers today is hasbro, especially interesting showing that mattel earnings had shares lower. the shares are up by 6%, the most in about three month. beat estimates, with sales world."" jurassic i also wanted to check again on the fertilizer maker. there was a report that it was in talks with oci, a dutch fertilizer maker. kiev is up today.

they are in talks to combine their units. an interesting note saying that we are going to see increased supply coming into the u.s.. that will not necessarily be positive for the industry. erik: thanks for the update. let us have another look at some of our top stories this morning. a few different ones for you. since 1961,t time the cuban flag will fly over its embassy in washington. the embassy reopens today as cuba and the united states take another step toward normalizing .elations g the u.s. intersection in havana will become a full-fledged embassy. of themembers chattanooga shooter say he depression and alcohol abuse as well. he spent time in jordan tried to get himself clean. not turned upe is any connection to islamic terrorist groups. former president george h.w. bush has been released from the

hospital. lastly, he fell at his summer home and broke a bone in his neck. he will recover in four months time. he is 91 years old. olivia: those are your top stories at this hour. like it or not, donald trump has soared to the top of presidential polls. now he may have shot himself in the foot with some seriously offensive comments over the weekend about senator john mccain. himblicans are condemning for saying that senator mccain, who you recall spent years as a prisoner of war and vietnam, trump said, well, he is not actually a war hero. trump is now refusing to back down. in fact, he says senator mccain owes him an apology for calling trump supporters crazy. erik: stephanie and ice boat with ed -- and i spoke with ed lazear and asked him whether he has what it takes to be commander in chief. ed: the fact that you get , andne making a comment

established candidates can make a mistake, but this does not seem to be a mistake. olivia: is it too much? is it too messy? you can have someone like donald trump made the kind of comments he makes. is it confusing for the average voter out there saying what do ?'s comments make somebody who is sitting right down the middle really nervous. every party has their unusual elements. the democratic party has bernie sanders. peoplethink about the like dennis kucinich a few years back, there are always people who are coming from the wings who take unusual positions. i do not think that weakens the party, and perhaps 11 strengthens the party to see the more serious candidates in contrast to those individuals.

erik: here is a question about strength and weakness. why did it take donald trump consulting, almost even slandering pour john mccain for the party to disown him as opposed to his patently racist comments? why would the party not circle the wagons? is there not a grand get itsho would leaders to say something about this? ed: what is happening is that candidates are positioning themselves for their own gains in this particular election. they have to fight a primary battle. you have to win the nomination. there is no leader right now. until that happens, you're not going to have the republican candidate taking a stance on anything. erik: you're absolutely right. there are some things we have not heard from candidates.

based on what you have heard, which of the republican candidates stands for an economic policy you can get behind? ed: i would say that most of them are quite similar on this. republicans have a very program postured this time. pretty much all of them. stephanie: did they not last time? they would say perhaps did, but the candidate who eventually got chosen was not particularly articulate at it. was he ended up doing really dividing people, i think, rather than unifying people. that was not his intention. i think he probably would have been a good candidate, but not -- good president, but he was not a good candidate. that is very clear in retrospect. you have these former governors who are very able and are very experienced and they know what they are doing. my guess is that they will move and eight sensible direction and promote the policies that they are talking about and they are very similar. they're talking about low taxes and a trade agenda for the most part.

and talking about getting the budget under control and talking about sensible regulation. those are kind of standard republican mantras, but they are the ones that work for the long run. ar.k: that was ed laze he has important things to say about economics, but i have to go to the trunk stuff. he made it clear that we should not be surprised at anything. the candidates out there do not care much about what is right and wrong. they only care about what is right and wrong for their campaign. olivia: it is incredible to me that donald trump is doing so well in the polls. this is incredibly offensive stuff that he has now said about senator john mccain and everything he said about mexico. -- only is it normal sleep and honestly offensive and wrong, but it is foolish. republicans need hispanics to vote for them if they want to win. erik: for what it's worth, all from says he will take the hispanic vote. -- donald trump says he will take the hispanic vote. up, it is the

first day of paypal trading. we will take a look at one of its biggest a man just -- security. -- advantages, security. ♪

paypal is celebrating its independence today. it is now worth more than its former parent, ebay. it has build a reputation for being a secure payment platform. its biggest competitive advantage may be all the security technology you never see. emily chang has that story. emily: technology is changing payment. from grocery shopping to hailing a cab, and paypal wants to be at the center of that revolution. driving one of the most fundamental shifts in human behavior we have ever seen. emily: paypal alone processes of more than $235 billion in transactions a year. 160 5 million customers and 10 million merchants. all that volume creates

unprecedented security child is good -- challenges. do not knowne -- i if there's anything keeping a way. staff workinghas in asia, europe, and israel. that army is protecting paypal from a major security breach since launching in 1999. >> the fact that they have not disclosed a major attack is certainly a good sign. emily: that does not mean the bad guys are not trying. >> paypal would be a real prize for any of them. emily: that is why paypal is spending big on making sure no one gets that price. what are you doing to ensure the security of transactions? >> we invest significantly in security. our goal is to be world class in being able to protect ourselves. emily: that include spending $60 million on israeli security firm to help paypal customers predict cyberattacks.

another $285 million for cloud payment company, which brings atm securely to mobile devices. braintree,llion for which powers payments for everything from apple paid to airbnb. paypal has been criticized for innovating through acquisition. whetherury is still out it is a good thing or a bad thing. emily: it's deep pockets could be its biggest asset as an independent company. >> fraud detection is huge. it helped propel them and at least have them compete. emily: paypal relevant. olivia: that was emily chang reported. paypal shares clearly doing well on the market. erik: she raised an important question. what does it take to make paypal more relevant? people think of it as one thing only. it is one thing that you do not miss a silly views very often. it is not like you use your

credit card very often. people pulled out multiple times a day. you might use paypal once a week. how relevant is paypal to you as a customer? olivia: not relevant until it becomes part of your normal local commerce expands. they have a lot of competitive advantages. it is a brand that you know and trust. paypal has not reported a huge security breach yet. erik: this is true. olivia: the brand i associate with secure transactions. erik: this is where i say goodbye. i will see you tomorrow. cubaa: still ahead, getting ready to raise its flag at the nbc and washington, d.c. we will discuss what normal relations with light between the u.s. and cuba. ♪

this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. olivia: welcome back. i'm olivia sterns. let us get you straight to this morning's top headlines.

the iran nuclear deal when up for a vote at the united nations security council today and there was not much dissent. councilrity unanimously approved the agreement and now the spotlight should shift to commerce. talkedsident bremmer about how the vote on capitol hill is sitting up. hillary clinton came out immediately in favor. they understand that this deal has to get supported. if america is the sole country to end up not supporting the deal and everyone else's signing, whether or not it is a bad deal, all that means is that america is not doing business with iran and everyone else is. that is a horrible situation for the u.s. to be in. olivia: not everybody approves. benjamin netanyahu hates the iran deal. he says he will be making his position also clear to the u.s. congress. greece has made the deadline it cannot afford to miss. the greek government made payments totaling $7.4 billion to a number of creditors today,

including the imf and the european central bank did greece just got a bridge on last week after the parliament agreed on a new austerity measure. greek banks reopening for the first time in three weeks today. there are still limits on withdrawals. angela merkel says that is one of the reasons that bailout talks need to go quickly. she is also suggesting that greece could get limited debt relief, but she has rolled out and out right haircut on this. haircut -- aic debt forgiveness of 30% or 40% cannot happen in a currency union. it may happen outside of the currency union, but not within a currency union. imagine if every country held out this way to the country with the least debt, it would be a horrible situation. it does not work. it is reflected in our mission that greece remains in the euro and that such a haircut is not possible. mayia: eurozone leaders consider lower rates or extending the time for repayment. it was a big quarter for morgan

stanley. morgan stanley posted the biggest revenue increased among the six largest u.s. banks. estimates.at analyst they also reported record profit in wealth management for the fourth time in five quarters. that has been one of the focuses of james gorman. morgan stanley says have more than doubled the last two and a half years. major job cuts appear to be on the way at barclays. bloomberg news says the british bank may illuminate one out of every four jobs in the coming years. john mcfarland ousted the ceo anthony jenkins earlier this month and pledged that tackle what he calls cumbersome and bureaucratic companies. newly releaseds novel has set a record. it has sold 1.1 million copies. it is the fastest selling book in the company's history. she wrote the book before her 1960 classic "to kill a mockingbird" but it was never

published. still to come, much more including james gorman smiling this morning. morgan stanley closed with earnings seeing revenue growth that top all the debate wall street rivals. then, they face shark attacks are extremely rare. mickalian surfing champion fanning might beg to differ. plus, lockheed martin secures its status as the world largest defense contractor with a big deal acquisition. all that and more ahead here. a historic day in washington and all of havana. and cuba restoring full diplomatic relations after more than half a century. the cuban flag being reason -- raise today in the countries embassy and washington, d.c.. we are light and washington, d.c.. i'm going to speak a little loud loud because it is quite where you are tell us about today's ceremony and what does it signify.

you have the intersection that turned into a full-fledged embassy. it was the swiss embassy here and washington. you can hear behind me the huge amount of activity. tons of guests have been arriving. a band is striking out. raising about to start the cuban flag here for the first time in more than 50 years. it is certainly a very historic moment for these two countries. we will see the slide going up any moment now, i should think . olivia: a historic moment and exciting moment. let us listen in for a second.

[cameras flashing] [crowd cheering] [applause] ♪

[crowd yelling] [crowd chanting] [applause] you are looking at live video of the cuban flag being hoisted outside of the cuban embassy in washington, d.c. for the first time since 1961.

a truly historic day. diplomatic ties between the united states and cuba being restored and being normalized for the first time again since 1961. our correspondent is on the ground in washington. i know it is noisy where you are, but if you can hear me, we are restoring diplomatic ties. viewers what the economic relationship now is like between the u.s. and cuba. how many restrictions are still in place? willem: there are a number of outstanding issues. have an a, u.s. diplomats are now in theory able to roam the island of cuba at will and no longer have to ask permission. cuban citizens will now be allowed to enter the u.s. embassy without having to register the name to cuban authorities. there are some areas of agreement. both the obama administration and the castro government in cuba wishing for the trade embargo to be lifted.

that will rely on congress and may not happen anytime soon because you have people like marco rubio saying he will not even improve an ambassador. there will be difficulties there. there are some outstanding issues. the u.s. state department saying they are trying to cooperate on law enforcement when it comes to fugitives. they are looking at coronation on health issues and talking about modernization of telecommunications down and cuba. one of the big points of disagreement is over guantanamo bay. the u.s. insisting that the treatment of guantanamo bay prisoners and cuba wanting them to be handed back. olivia: many outstanding issues, but clearly an exciting day. that cuban flag among them for the first time in over 50 years. still ahead, much more including a smiling james gorman this

morning. morgan stanley eating analyst a big jump in revenue. what he is doing right and what the other wall street bosses might be doing wrong. ♪

olivia: welcome back. we are one hour into the trading session in the u.s.. it is time to get caught up in the market action around the world. to nehra.we go deadlineeece made the they cannot afford to miss. if they miss that and have not paid the 4.2 billion euros, the ecb could've cut off funding to greece cost bank and that could

have led to the fall. that did not happen. you are seeing the euro rallying against the dollar today. warned that these gains could be short-lived because the less concerned there is over greece, the more likely we will tradersronger dollar as turned their attention to monetary policy to the fed raising rates. what you are definitely seeing with the markets today is that equity markets are seeing green pretty much across the board with these gains. in italy, they are actually leading the gains among europe's equity benchmarks. the athens stock exchange is still closed. that is going to stay closed through wednesday. this optimism being driven not just by that repayment to the ecb, but angela merkel floating the prospect of limited debt relief for greece. do not forget that the banks have reopened today as well. albeit with capital controls still in place.

finally, i want to take you back to that chart and show you what the stoxx 600 has been doing today. here it is. you can see that the gains have come off of it now. commodity producers have been waiting on those games. this has been rallying today. it is on its ninth day of gains. that is the longest winning streak since april 2014. pick up on what you are saying about commodity producers and focus on commodity markets. gold is right now down about 2.5%. the fundamentals have not been supporting goal as of late. you have seen the situation in greece largely resolved, at least for now. the chinese situation improving. there is last appetite for gold as payment. in addition to that, the long-term inflation outlook is not dire whatsoever. you have been seeing the selloff for gold for the past six days. earlier today, we saw a huge decline in gold of about 4.2%.

that was the biggest decline in two years. it has recovered to some extent since then. definitely, there was a rush of selling at one point. if you look at the bloomberg terminal, we have net long angle going back to 2006. that is the lowest since the record-keeping began. not a lot of buyers of gold out there to see the lease. thus they the lease. we are seeing oil decline again today down 1.2%. on one hand, we have increased apply from iran. we have seen a low bit of decrease in the rate count continuing food -- rig count continuing. we have seen a decrease to 638. one would think that would be a little more positive here in terms of oil. it is not going to be positive. the bloomberg commodity index, which looks at the basket of , and thees down today

lowest since 2002. it is weighing on the companies that produced all this stuff. the gold and silver index at its lowest since 2001. 7.5% today is what it is down. the s&p energy index weighing sinces well, the lowest december 2012. definitely a big down day across the commodity market. olivia: at least we're not talking about greece. julie hyman, thank you so much. in asia, the same kind composite is rising by 9/10 of 1%. -- shanghai composite is rising by 910 to 1%. the japanese stock market was closed for holidays in one of the big stories, the region is china releasing its latest housing data. the government has been trying to boost the housing sector. david ingles has ever reported

-- has that report. restriction have now taken a more tangible element on prices. you look at the games and the prices of new homes spreading out backward and now looking at a majority of the 7 billion served. it is also worth noting that data shows a pickup has largely been restricted to price and not much strictly through basic new investment projects because developers there are still working through some of the excess inventory. olivia: that was david ingles reported from hong kong. now to top stories crossing the terminal at this hour. the price of gold has fallen to a five-year low. there are a number of reasons. first, the federal reserve's preparing to raise interest rates this year. that favors the dollar and there is less demand coming out of china. there is a big takeover today in the solar energy today.

about $2.2ag is billion. that represents a 52% premium over the closing price on friday. the group will hope to expand and residential and commercial solar rooftops. one of the infamous footballs used in the fleet get game has been auctioned off for $44,000. and new england patriots player get the ball to the fan after they score a touchdown. the patriots trounced the indianapolis colts, let's be honest. a little deflation would not have won the game. tom brady has been suspended for four games, but he is appealing that suspension currently. $44,000 for a slightly deflated football. morgan stanley closing out indices with a growth in revenue growth that tops its rivals. james gorman can think growth and trading. investors do not seem to

excited. shares are basically unchanged. with us now, michael moore. brennan hawkins. let us start with the, brennan. this was supposed to be a tough quarter for fixed income trading, but here comes morgan stanley. what did they do right? emily: it is not what they did right, so much. that's not to try to take anything away here. they had double-digit revenue growth. they are the only bank with double-digit revenue growth. i think more of what it is showing is that it has a pulse and morgan stanley. of investorlot concern about the sustainability of that business. the results so far this year show they can actually execute. olivia: james gorman has been trying to pave it and turn this taker toward more asset

management and get away from the risk here. that appears to be paying off. brennan: that is the reason i am positive. as you shift and you take a firm that used to be three quarters ando into securities shifted over now where it is 50-50, and maybe upwards of two thirds in wealth and asset management, that is a more stable business. regulators like it more. it should allow for better capital return for shareholders. we are starting to see that happen. this quarter was a continuation of that story. olivia: what about the return on equity targets? brennan: that was the big question on the call. this is way solid for a quarter. they are making progress. they have shown steady progress. i think they will probably need interest rates to pick up or little bit better trading environment to get there. olivia: this was the first call was the new ccf oh -- cfo

in place for the report. had a heck of a first call. olivia: how did he do? michael: i think he's wanted a great cfo. brennan: ruth did a great job. he has big shoes to fill. he seems very capable. he is got a different style. everybody is want to get used to. i think he is a really interested in engaging with investors and having a constructive dialogue. olivia: a little bit longer term perspective, conventional wisdom is that banks will do. well and a rising rate environment. it looks like we are going to get a rate hike. what does that mean for outlook's for banks? michael: everybody is really excited about rates. we are finally going to get liftoff it seems. i would say that morgan stanley has a good deal of sensitivity

thanks to the shift in wealth management you reference before. brennan: now you have a loan book. about half of the loan book is going to be floating. that is going to move up. that is all positive. it benefits earnings pretty substantially for morgan stanley. about a 50% increase in earnings from higher rates. line with they in most rate sensitive of the money centers. then you have jpmorgan. olivia: i have 15 seconds left. in sum, morgan stanley -- best of the lunch? personally, i prefer citigroup because it is cheaper. morgan stanley's value is no longer constructive it i really love the story. i love the execution. valuation is no longer as helpful. we have seen it come up a bit. that is not to say that you cannot do quite well in that stock. olivia: thank you so much for your time. still ahead here, much more,

including -- you are going to like this. real-life shark week. shark week on the discovery channel may be over, but the large fish are still on the prowl and there are a lot of dangers out there. ♪

olivia: thing about that the next time you tried to buy a pack of m&ms. your twice as likely to die from the vending machine falling on you finish architected shark week may have officially wrapped up last week, but you did not have to wait long to see the sharks back in action. on live tv, watch this. mick fanningion fought off a short in south africa. he was not hurt.

afraid should i be of the start? earlier this year in april in north carolina, there was a big scare over the possibility of a shark attack. and a lot of people say it is because of global warming. warmer waters means that sharks tend to go out further. olivia: i've heard that. the truth is that most people actually do not die from shark attacks. first of all, you have to have the wits about you and the muscles to punch a shark in the nose as he did. the point is that there are other things that are more fatal. scarlet: like vending machines, for instance. [laughter] fewer than one person on average was killed in the u.s. from a shark attack it there are people who get maimed and injured, but the actual fatality rate is fairly low. 22 people in the u.s. on average are killed by cows, mainly getting kicked in the head. you should be more afraid of a cow attack than a shark attack

. olivia: i cannot believe he remains so called the all this. and the shukman away. -- the shark went away. scarlet: faded all -- fatal dog attacks 35. -- 22.ala text fatal shark attacks in the u.s. -- less than one. olivia: we have plants the seed test plans to see "magic mike." scarlet fu will be joining us for the next hour. stay tuned. gold be talking about trading at a five-year low this morning. ♪

welcome to bloomberg market day.

a gold plummets. olivia, it is already worth more than its parent. aarlet: lockheed will buy helicopter maker for 9 billion dollars. scarlet: we are 90 minutes into the trading day. u.s. stocks are boring. it's just fluctuating. the interes