and the belmont stakes position, well, that draw will take later this morning which will then determine what gate each horse takes off from. california chrome looks to take its first triple crown at the race this weekend. best of luck to all those horses. that's going to do it for "way too early." "morning joe" starts right now. good morning, everyone. it is wednesday, june 4th. welcome to "morning joe." "morning joe" contributor john heilemann. chairman of deutsche john deutsche. welcome as well. >> there's a story behind this. >> yeah, we'll get to that later on. >> from that -- >> about 9:15.

>> let's get right to the big story of the day. president obama continues this european visit today ahead of this week's 70th anniversary of the d-day landings in normandy. but the conversation dominating the nation and the controversy for the soldier swapped by the taliban for five senior terrorists. it shows sergeant bergdahl to u.s. special forces in eastern afghanistan. this video is significant given some controversy surrounding his health. the 28-year-old is seen sitting in the back of a pickup truck as a u.s. military helicopter touches down. several armed militants are positioned nearby on hillsides. bergdahl is escorted to the waiting americans who quickly shake hands with the taliban fighters before taking custody of the newly freed soldier. he is checked for weapons and loaded on to the aircraft which

carries him to an american military base. okay. let's bring in nbc news chief pentagon correspondent for the latest on this, mick, i'm looking at the video while i'm reading here. there are reports at least from the white house contention that his health was in an alarming state. what can you tell us? >> what struck me first about this video mika he appears to be in remarkably good shape. at least physically. don't know how he is psychologically. but he's clean shaven. he appears to be somewhat robust. had no trouble walking to the helicopter. did appear subdued after five years of captivity. one could only imagine. but, you know, the white house, over the weekend trotted out, now national security adviser susan rice one more time to the morning shows. and she said the reason that the white house did not give the 30-day notification before releasing those five gitmo detainees was because of

bergdahl's health. that if they would have waited another 30 days, it would have been too late. and even senator dianne feinstein, the democratic leader of the senate intelligence committee yesterday contested the white house claim saying she has seen no evidence that bergdahl's health was failing. >> all right. senate intelligence committee chairwoman dianne feinstein is doubting, if you look at this here, you can't really determine. the situation was so urgent that congress was not notified. take a listen to this. >> as i understand, he was undernourished. not necessarily malnourished but under nourished. but the last assessment had been made just a few months before, i think it was in december of last year. so unless something catastrophic happened, i think there is no reason to believe that he was in

instant danger. there certainly was time to pick up the phone and call and say i know you all have concerns about this. we consulted in the past. we want you to know we have renewed these negotiations. it would give us an opportunity to ask questions and hopefully obtain answers. >> see, this really troubles me. we're getting -- we're getting concern from both sides of the aisle. i don't know how that actually settles with what the president said in poland yesterday which is tape we should run again about notification. but it seems that those in congress are very, very concerned. especially those with a little more intelligence than we have. >> as we say from both sides of the aisle. let me ask you how unusual this is for a president to sort of bypass this 30-day notification

period. i know this is relatively new is this within the president's rights to do it? >> he certainly thought he was within his rights and he has the authority in an extreme emergency situation. and that's the question raised here. what makes his move even more remarkable is the fact of who they released the five taliban detainees that have been classified ever since they've been at gitmo as some of the most dangerous, most threatening, presenting the most risks to u.s. interests certainly in the region than any other detainees at gitmo. that he would choose those five. of course, it was the demand of the taliban that those five be released. and then, of course, we see the video of those five being wkd as here rose when they landed in qatar, and there's even had some question that qatar's going to live up to the bargain that the president said they struck with

that country to keep them confined with the taliban. but i can tell you, anybody who has worked that region, once you're on the ground, it's impossible to shut off that kind of communication. >> well, we're kind of dependent on whatever the white house decides to give us, even the hospital in landstuhl, germany, where we're going to go next. the video that we opened with, that was provided to us by power of the taliban spokesman, we're told, okay. this was tough to cover and get the story. let's bring in richard engel who is landstuhl right now, anything you can give us that you've obtained from bowe bergdahl's condition? >> we've actually been getting more information today from the taliban than we have from spokesperson here at the hospital in landstuhl. all they will say in written statements that his health is stable. that he's receiving treatment. no indication how long he'll be here in landstuhl.

only that when he's medically ready, he'll be transferred back to the united states. the taliban, however, have been very forthcoming with information. they released that video. they also released quite a few details about the video. saying they were in direct communication or in communication with the americans. that they had to work out the logistics of this transfer. that they agreed that when the helicopter landed only three people would approach from either side. so three americans from the helicopter, the two taliban militants and bergdahl. that they -- the taliban needed to signal from the ground to the helicopter that it was in fact that group of taliban that had him. so the americans that initially requested that they shine a green light in the air. the taliban went back and said, well, we don't have a green light. how about a white flag? the americans said, fine. this is all according to the

video spokesman. as you can see, they're carrying a white flag on the stick. the exchange is quite quick. it takes place on the ground about a minute. and the helicopter takes off with bergdahl inside. the taliban apparently told the americans that they would have backup in the area. and they claimed they had 20 different fighters positioned in the area. the americans also had other aspects at hand should it go badly. >> jim, it's donny deutsch. as the story unfolds or at least unfolds from the taliban, we ask more questions, obviously to bring the p.o.w. home, the trade does not seem like an equal trade. now, we see his health, obviously was not seen as dire as it had been. we see the taliban talking. we see the u.s. not talking. what is hypothesis out there particularly with the non30-day notice. what else is going on out here

that we have not seen because it just is not adding up. >> you know, it's interesting, dianne feinstein just a few minutes ago referred to an episode in december and that is when the white house and pentagon started to leak information that there was a video of bergdahl who appeared to be, at the time, according to these officials in failing health. and that really apparently, we're told, accelerated that process to gain bergdahl's release. but we heard dianne feinstein to say they saw no evidence of any failing evidence. and the u.s., the white house, the pentagon, have are still refused to release that video. to show the world, if in fact they were truthful about his condition at the time. >> okay. let's -- nick, stand by, i want to put this into context with john heilemann. and ask you a question. i think it's three tough questions. the question about his health, it's a controversy. why, then, also given his background and everything that we are finding from people who

served with him and people who have covered this story and letters that he's written home -- why would susan rice be sent out, susan rice, be sent out repeatedly to say he served honorably and really push that as one the fundamental reasons behind this swap? and thirdly, with the white house contending they consulted congress -- am i correct, that happened, right? yes? yes? they said they consulted congress. and members of congress saying they weren't consulted. what's going on here? what is going on here? serious, i don't understand it. >> three questions that all add up to one big question which is, what is going on here? i don't know the answer to those questions, and part of the problem is, none of us know the answers to those questions. in the coming days, we're going to find out the facts pertaining to bergdahl's health. i do think the administration because of controversy that has

unfolded over the past couple years on foreign policy questions is on relatively thin ice in terms of credibility, with a lot of lawmakers and certainly with a lot of people in the american public. so you would think the issues around the white house being forthcoming and truthful about various issues on foreign policy, we all know what we're talking about some cases relate to benghazi, some cases relate to other things. >> right. >> you would have thought they had their ducks much more in a row than they seemed to have in this particular -- >> i want to say, we can tell you right now that this is a legitimate operation, some more coming out, especially with susan rice now. >> yeah, with the lineup, that would probably be the last question i bring off the bench given the benghazi history. >> no, my point is to talk about his service. it's fine. he may have, but it's a question, it's a fair question. >> he's still -- he's still serviced.

obviously, the question about his wandering off -- >> you're the king of optics. stick to that. >> starting with susan rice, that's another question, the message itself as far as this guy being a hero, the messenger to me is another question. >> she didn't say he served, she said she served honorably. >> susan rice is the national security adviser. >> yeah, that's my point. >> yeah, but there is no -- institutionally speaking, there's no better messenger than she is. if what she is saying is true, and the facts hold out for -- in on the side of the administration, it would be a fine idea to have her as a spokesperson. you can haven't somebody as national security adviser who you're embarrassed of or afraid to put out but you what you need to do, as in the past, that you're 100% right from what

you're saying. >> we're working with video from the taliban. richard engel is working with information about the taliban in qatar information. and mick -- >> sorry. >> they were released, sent in exile in qatar, that is part of the agreement. the question is, how much freedom will they have in qatar. we know that they're allowed to bring their families. we've just been told that their families have yet to arrive. that they are staying in what could be described as luxury villas. temporary housing in a neighborhood on the outskirts of qatar. i'm in m-- we just heard they

would be kept until surveillance. and it's not the kind of close control that we have been expecting. they're going to be rejoined with their families, living in an upscale neighborhood. we're not hearing that their communications are going to be limited. we'll see how -- it could be quite difficult to prevent them from having any contact with the taliban. >> the only point that i want to get to, there is the issue of gitmo. and this president wanted to close it. i would agree it. this may be one way, i guess. i mean, i'm stretching here to try and start weeding out these people and putting them in in different countries and having them monitored. having said that, it's at this point in the grand scheme of the story, every angle that we're looking at and every piece of what appears to be misinformation that we're getting. was susan rice sent out to lie? i don't want to say that, but i don't understand her words.

>> she can step back, and it's a bigger problem than that. the president went out in the rose garden with the family, right? >> the rose garden is a place where you go with good news. >> point is, you would not do that, put the president out there with the family, if you had any doubts about the facts of his service and so on. so, apparently, the white house was not -- we've learned more in the last 48 hours than what it seems like the white house itself knew in this situation which i find -- >> it's more frightening. >> -- which i find totally baffling. >> as the white house defends its issue to deal with the enemy and most impacted by bergdahl's disappearance is upset. mick, you've been reporting on that as well. >> before i get to, everybody was asking about what's going on here. and it was a senior defense official who may have the answer. this week, he told me, mik, it

gets econom s complicated when o mix military operations and white house politics, just saying. bergdahl to come home at the end of this week. not likely to be a hero coming home. he's likely to face charges. joshua was a medic bergdahl's platoon and believes bergdahl should be cart martialed for desertion. >> he willfully walked away from his duty as a united states soldier and he needs to be held accountable for that. >> reporter: desertion is considered one of the most severe charges in the military justice system. >> it's the hard of the matter, you have to have g.i.s who stay at their duty station who don't wander off who dare to perform duty. otherwise there's no way to

achieve an army mission. >> reporter: the army has said the deaths of six deaths killed in action during search operations for bergdahl. one of those killed was bergdahl's platoon leader darin andrews. his mother wants to see him process to justice. >> he's not a hero, he's a traitor. he's a deserter, he left his post in war. >> reporter: his father andy does not want his son's death to be in vein. >> doing what he believed in. that gives me pride. >> and in terms of bergdahl's situation, circumstances, just before he was taken by the taliban, we've all been reporting, within days after he disappeared five years ago, that reports were he walked off the base without his weapon, without his body armor, and his fellow soldiers said he was interested in either one just connecting

with the afghan people, seeing the countryside. or the worst case scenario is that he somehow wanted to contact or connect with the taliban. for whatever reason, nobody really knows until he gets back in the states, he's back on his feet and healthy enough according to military officials that he can face some of those tough questions. >> mik, thank you very much. i want to highlight one of the questions here we want to talk about and that is whether the president notified or consulted with congress. dealing with the president in carefully chosen words in poland yesterday. >> we have consulted with congress for quite sometime about the possibility that we might need to execute the prisoner exchange in order to recover sergeant bergdahl. we saw an opportunity.

we were concerned about sergeant bergdahl's health. we had the cooperation of the qataris to execute an exchange, and we seized that opportunity. >> he said, we've been consulting quite sometime, three years ago, we talked. i don't think those words really tell us anything. >> it's worth noting again, dianne feinstein, the held of the senate intelligence committee, said she heard no evidence that sergeant bergdahl was in immediate medical danger that made it necessary to act without consulting congress. she said there certainly was time to pick up the phone and call and say, i know you had concerns about this in the past. and we reviewed the negotiations. >> well, she got a call last night. >> she said she got a call from the white house apologizing not notifying her. >> she and others got a phone call yesterday apologizing and

saying it was an oversight. so we're going to continue to ask these questions and try and explore this. and hope that more information comes from the white house and from congress on this. we want to get to another very big story that we've been following and it's a nail-biter still here at home. primaries just a weeks before republicans will know who their senate candidate is going to be in mississippi. senator cochran and chris mcdaniel are likely to a runoff june 23rd can you believe this with 99% of precincts reports. mcdaniel is just shy of the simple majority needed to win. mcdaniel picked up steam in the final days despite they illegal photographed senator cochran's house in a nursing home. mcdaniel denies any involvement

and said he's confident he's going to win this race. >> this is an historic moment in this state's history. and because of your hard work, because of your dedication, we sit here tonight leading a 42-year incumbent. one way or the other, i promise you this, whether it's tomorrow, whether it's three weeks from tonight, we will stand victorious in this race. >> senator cochran did not address his supporters last night. his campaign acknowledged before the vote that a runoff could favor his opponent. let's bring in nbc news political reporter casey hunt live from jackson, mississippi, wow. you know, this mcdaniel -- it's amazing how well -- obviously, i have a different viewpoint as he. but this nursing home controversy, he never looks like he's telling the truth, and yet,

he did extremely well. >> you know, that nursing home controversy, mika, sort of blunted what was a very quick upper momentum which is how we ended up in this extremely too close to call situation. that frankly nobody expected. i was at the cochran headquarters last night, and it's pretty they're, they're having to get up and running really quickly. and i think the question is cochran ready to run that. the jury is still out. he's not out in the campaign. he's surrounded by the advisers who basically run the campaign for him. so it's going to be interesting to see how he moves forward. the other thing is, this is going to turn into a huge test for those outside groups it that have been out there spending millions for mcdaniel. particularly the club for growth, the other tea party

organizations. this is going to become a major cause for all of the organizations over the course of the next three weeks. i think you'll see a really intense focus on mcdaniel. it's likely that a runoff does face mcdaniel. if he ultimately wins here, the democrats are looking to the fall of something that might actually be a fall in mississippi. all signs say the national democrats will go all in for him, if in fact mcdaniel pulls this out. >> at an uphill climb in mississippi for a democrat. jim, let me go to you, the other side of this, for thad cochran, do they go after him when he could end up being the you nominee. they worked hard to tear him down. >> they're in a heck of a jam,

casey's right. if you look at the how the runoffs work and who has the most energy, things look bleak for thad cochran. you've got the republicans who think they'll lose in this case. so you can't have the establishment going in there and clobbering the nominee who might be there three weeks from now. especially aligned with the tea party that has seen so many setbacks. they're going to put all their energy into a runoff for a candidate for them. >> other races to get to. still ahead on "morning joe," after seattle passed the highest minimum wage in the country, the city's mayor of seattle is getting up super early to tell us how they got it done. but also, it's not every day of your life, but the subject of a broadway musical.

the great carole king is here. plus, earlier this year, a french court ruled it illegal for some employers to e-mail workers after hours. this is interesting. could that utopia be coming to a company near you? maybe here in the u.s. that story when we take a look at the "morning papers" when we return.

hey there can i help you? (whispering) sorry. (whispering) hi, uh we need a new family plan. (whispering) how about 10 gigs of data to share and unlimited talk and text. (whispering) oh ten gigs sounds pretty good. (whispering) yeah really good (whispering) yeah and for a family of 4 it's a $160 a month. what! get outta here! (whispering) i'm sorry are we still doing the whisper thing? or? (whispering) o! sorry! yes yes! (whispering) we'll take it. is all ready the brand ofstate the year.d berkshire hathaway home services. good to know.

chinese turned on chinese. firing indiscriminately, bulldozing young people. there are horror stories today. students being run down by tanks. students in high school being torn from life support systems. they're randomly running down women and children. >> this is part of the papers. security tight in beijing. a pro-democracy protest in

tiananmen square. police and military officers have patrolled the area and detained activists. china does not allow public discussion of the events of june 3rd and 4th in 1989 when soldiers and tanks stormed the square. hundreds of unarmed protesters and onlookers were killed. "the wall street journal" u.s. auto sales have surged in may, up more than 11% following a slow first quarter. sales reached 1.6 million in may. that's the most since before the recession began. the top seven u.s. automakers beat analysts' projections including gm which does not appear to be impacted by that record-breaking recall. "the new york times" gm officials expect mary barrar there are cleared of wrongdoing in the three-month crisis following an investigation. lawyers have looked into the investigation and specific departments responsible for the delay. the lawyers will also recommend

widespread changes within the company. the "daily mail" pope francis has an urgent message for catholics, raise children, not cats and dogs. the pope recently spoke to 15 couples stressing faithfulness, perseverance and fruitleness cautioning against, quote, bitterness and loneliness. the pope told priests and 50,000 catholics that the devil wants to destroy the family. the pope has scheduled a meeting to discuss catholic families. >> where's the cats and dogs? >> i missed that. >> because people -- i'll tell you exactly why. >> okay. >> because people overemphasize their relationship with their pets. and that energy and money could be focused on family, of course. >> you're going to get a lot of e-mails. >> i love my pets. but pets are not people. >> the things she was saying about pets and not liking them, disregard them. i just saved you like 80,000

nasty tweaks and twerks. >> twerks? >> oh, well. >> i have a story for you that i will not comment on. okay. it sounds like i'm moving on because i know better than to speak more. i'll save myself from myself right now. it sounds like a foreign concept to most of us here on "morning joe," the idea of actually putting down the smartphone. i'm really bad about this. and turning off from work. i'm worst. yeah, but as cnbc's sharon helperson reports the idea is taking hold. >> reporter: be honest, how often do you check your e-mail? >> 24/7, at least if i'm awake. >> definitely in the bathroom. if anyone tells you that they don't check it in the bathroom, they're lying. >> reporter: we headed to north carolina to check out a fast-growing company called bandwidth which offers time to unplug. it bars any contact with

employees while they're off. while on the first vacation after joining the company, it took time to adjust. >> i went six hours without a phone. >> you want people out of here by 6:00? >> 6:00. >> reporter: he functions as a parent outside of the office and he wants everyone at the company tone yoi their free time, too. >> it's part of our business, a lot of people are connected, but yet we're realizing every day that it's important to disconnects. >> reporter: one study fount that 38% of americans checked e-mail at the dinner table. while 50% checked it in bed. and workers are working at least 13 1/2 hours a day. >> in the short view, you can say, look, i can get all of this extra work outside of people. but i'm finding that employees are starting to say, you know what, people are leaving people are burning out. >> reporter: a handful of companies are catching on to this idea finding ways to

recharge and keep talent. the in new york startup shuts down three times a year. and then with manager ed barber is thankful for the time away from his phone. >> it's really important, because these moments, there's only so many of them. >> reporter: and when they do. what, you won't want to be reading your e-mail. >> see, that is going to be the future. because the problem is, it's not a level playing field. everyone is working 24/7. companies have to say huh-uh. >> children are our future. >> it's hard, though. >> it's really hard. >> that's why the precedent needs to be set from the top down so it's a level playing field. i like it. coming up, dan marino calls an audible backing out of that concussion lawsuit filed against the nfl. the former quarterback's explanation. that's in sports.

honestly, the off-season isn't really off for me. i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! when la quinta.com sends sales rep steve hatfield the ready for you alert, the second his room is ready. you know what he brings? any questions?

can i get an a, steve? yes! three a's! he brings his a-game! the ready for you alert, only at laquinta.com! [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪

♪ let's do some sports. hall of fame quarterback dan marino is now withdrawing a concussion-related lawsuit filed last week against the nfl.

marino released a statement saying the claim was a precautionary measure. he said, quote, within the last year, i authorized a claim to be filed on my behalf in case i needed future medical coverage to protect me and my family later if i suffered head damage. in doing so, i did not realize i would be listed as a plaintiff in a lawsuit against the nfl. i have made the decision it is not necessary for me to be part of any lawsuit and therefore, i'm withdrawing immediately. the lawsuit was similar to the complaint settled in august for $765 million. however, a federal judge denied approval of that. >> do you think that's bad lawyering or something else going on there? >> i think he basically realized if he wants to be a broadcaster in the nfl, it might not be such a good idea of suing the nfl. >> that's something he could have figured out a year ago?

>> i know he did not really understand. he thought maybe it was a dead issue and now it's resurface. >> and bad lawyering. >> that would be my guess. >> and he might be looking for a gig. the university of alabama's long-tell me deal to keep nick saban on as head coach has been approved by the school's compensation committee. saban will make an ncaa best $6.5 million for january 21 through '22. he'll be awarded a $400,000 completion bonus each year, making the contract worth 55 but $2 million. >> i heard they brought in to broker that deal. >> they probably did. that's pocket change for donny. >> you're angry today? >> it's your jacket, it makes people freak out. >> i enjoy the jacket. >> joe invited me last summer to

nantucket. >> yeah. >> you know, there's parties there. people like -- >> he goes to all of them. >> really high-ended. they're not used to -- you know, joe -- i couldn't get in. joe said one word to me, seersucker. so this year, i'm sporting seersucker so hopefully i'll get in. it hurt me. >> they wouldn't let you ferry? >> ferry, yes. they knew what was going to happen. he said, let's play this out. >> just stop. just stop. i'm dizzy. all right, finally, this happened on monday night brought to our attention from the good folks of deadspin he has trouble with the home run field. >> a drive, save good-bye, a

live twosome delivery from the truck to the airport. a three-run jack by seger. >> dave simms is great. he explained the flood in the rush of excitement, it triggered a memory, he said seattle manager lloyd mcclendon always likes to talk about give rewards with ice cream. i was trying to say put in a takeout order and have it delivered to the airport for the boys for the ride down to atlanta. real simple. >> that would be simple. >> with that new context. let's listen to dave sims one more time. >> there's a drive deep right field. say good-bye. hey, lloyd do some delivery to the truck to the airport a three-run jack. >> delivery -- >> okay. >> that's okay.

>> what's next? i'm so excited about this. up next, she was named one of this year's most creative people in business, sally is using that creativity to shake up the business world. her exclusive announcement on "morning joe" right here. >> right here. the was a truly amazing day. without angie's list, i don't know if we could have found all the services we needed for our riley. for over 18 years we've helped people

take care of the things that matter most. join today at angieslist.com a woman who loves to share her passions. grandma! mary has atrial fibrillation, an irregular heartbeat not caused by a heart valve problem. that puts her at a greater risk of stroke. rome? sure! before xarelto®, mary took warfarin, which required monthly trips to get her blood tested. but that's history. back to the museum? not this time! now that her doctor switched her to once-a-day xarelto®, mary can leave those monthly trips behind. domestic flight? not today! like warfarin, xarelto® is proven effective to reduce afib-related stroke risk. but xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem that doesn't require regular blood monitoring. so mary is free of that monitoring routine. for patients currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. xarelto® is just one pill a day taken with the evening meal. spinach?

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call 1-888-xarelto, or visit goxarelto.com ♪ well, an exclusive this morning. financial services entrepreneur sally cropchek. it's great to have you on the show. >> thank you, it's great to be here. and i like the jacket. >> you do? we love donny.

and we're actually going to talk about how donny was part of the conversation that might have led to this. first, 85 broads, what's it called and what is it? >> yes, the network has been busy, 85 broads is now elevate network, e-l-l-v-a-t-e. it's a network of professional women. around the industries. it started as a goldman sachs ahuman any network by the legendary janet hanson that grew over time. we wanted to rename it, in order to recognize the fact that it's grown beyond its roots. >> i like that. the name says a few things at once because you have so many members and so many women really engaged with money and want to learn more and do more with it. i think the name reflects that. where did you get it?

>> on my sofa. i was sitting there. and there actually wasn't any wine involved at all. we tested it with a lot of women. they like the action or yen tags, the nod to the gender, and helping to educate the women and investing. >> so here's to the big announcement because you have a fund. >> yes. >> you are the chair of it. you are starting your own fund that has everything to do with women, what's it called and what's the concept behind it? >> well, what we heard from these women is that they not only want to invest in themselves. but we're hearing overwhelmingly they want to invest in other women. there's a new report from the center talent innovation said 77% of women globally want to invest behind other women. there's research that shows greater diversement in senior management companies leads to lots of great things. higher returns on equity. lower risk. lower volatility.

greater clients focus. lots of good things. so we're announcing in partnership with pax world, the pax elevate women's fund. vesting in approximately the top 400 top-rated companies in the world for advancing women. >> what's the criteria for the fund. women on the board of directors. women in executive management. female ceo. female cfo and signatories to women's empowerment principles. so if i'm an investor, what's the advantage to jumping into this fund? >> well, what you're doing, that you're not only, as with every investment, you're watching for values offing which you believe in. and if research is correct, will benefit from good-g returns over time. if the research is correct. now, you will wait those thing. what's important to note -- when i started on this i thought this

going to be a munch of macro-may making in the woods. these are the ges, the procter & gambles, the high quality -- >> the simple math, when you say i want to invest in only companies that have the natural diversity, men, women, gay, straight, would be rising to the top. that common sense kind of investing says thoser the companies i want to go with. second of all, you and i talked about this, there are partners among women making seven figures, but yet, all of these companies say, where do i go from here? they weren't trained and brought up, as far as we're in the workforce now. but not necessarily kind of up to speed in some of the investing maybe 30 or 40 years ago men have been. so, to me, this is a natural place. i think it's going to be a home run. >> well, look i stared past this

in my time at may rose. >> you've had quite a career. >> that's another story, mika. 15% of women in recent research says the financial services industry serves them well. and because it's complexity, it's all of these things. but what women are telling us is, you know, i want to invest my values. this is a different way of thinking. absolutely, i want a fair return but i want this. >> and you want to make money. i'll just show you the screen, you can jump in. when you look at boards with women versus all male boards look at the numbers, 84% better return on sales. 60% better return on equity, 60% better return on invested capital. it's something that we now about ourselves. >> right. part of the reason for doing this is to shed light on it

there.moment for me is when i heard the research or cattlite said diverse teams outperform more capable teams because of that power. but there's really no way, really, today, to shine light on this issue. that's why we chose an index fund. let's have the numbers speak for themselves. then we can start to talk about it in numbers as opposed to to gee, what if? these diversity numbers have not gone anywhere in a long time. >> i love it. >> i'm in. >> let's not use the word broad entirely. >> no. >> you know what, we're trying to help you out. sally was even trying to help you because she's a friend. >> i'm in. >> you can also celebrate women. >> did you hear that? i think it's a really good idea. she said she's in. >> mika has no money, of course, but she's in. >> i'm going to try.

>> with the macrame -- >> i'm in. >> i don't even know what macrame is. >> the website pax elevate.com. >> i think the whole concept is interesting, and i think your career and your reinvention several is times over is a story in itself. sally krawchek, thank you, congratulati congratulations. up next, jimmy fallon took the plunge in march. now mayor rahm emanuel is making good of his part of the bargain appearing last night on "tonight show." news you can't use is next. we asked people a question, how much money do you think you'll need when you retire?

then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪

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i just want to say something for the record, i think john heilemann is a handsome man. it doesn't get said. >> handsome. >> he's handsome. >> weird and -- i don't know, maybe he's a little -- >> i'm a little uncomfortable -- >> it's obvious, it's not as obvious, but he is. i'm sorry.

last night, chicago mayor rahm emanuel made good to his prom with jimmy fallon. remember, falon took to the ice and took the plunge in exchange for the swim in 32-three waters the mayor agreed to come on "tonight show" as a guest. last night in this building, mayor emanuel and jimmy fallon. >> it was sold that day, it was raerlgs really cold. your insight is unbelievable. thank you. [ laughter ] >> i went under the water, and i saw bubbles come out of my mouth and then i froze. [ laughter ] and i didn't really feel anything. i goer oh, my might be dead. [ laughter ] >> i came out, i heard bagpipes. i looked around for bagpipes, when you're irish, that's what you hear? >> you know what i heard, the difference is -- i heard --

>> did you do one of those? >> polar plunge? >> uh-huh. >> no. >> i did one in connecticut on new year's day. ahh. still ahead, the incredible images just released. bowe bergdahl being returned to the special forces how that video may complicate the story even more. plus, seattle, the first city to strike in the fight for minimum wage. the city's mayor joins us. and jodie ericsson is a galvanizing figure in politics. now, she's one step closer to washington. we've got all the results of the primaries. stay with us. here at fidelity, we give you the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95.

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over washington. another beautiful day. welcome back to "morning joe." john heilemann and donny deutsch are still with us. joining us from washington, the moderator of "meet the press" david gregory and jonathan martin. >> good morning. >> a newly released video by a taliban spokesperson claims to show the transfer of bowe bergdahl to special forces.

the 28-year-old was seen in the back of a truck. bergdahl was escorted to the waiting americans who quickly shake hands with the taliban fighters before taking custody of the newly freed soldier. he is loaded on to an aircraft which then carries him to an american military base. david growing sorry, a couple of questions coming out of this. i'm going to get to dianne feinstein in just a moment. but what do you think the key questions out of this taliban video raised to you? >> well, it's obviously dramatic, you know, to look at this. you wonder about, i guess, the circumstances of the release of the video. and i just think the persistent questions about the larger -- the larger exchange. and what was involved. and letting congress know about it. and, of course, just the circumstances around bergdahl himself. i think that a lot of the political debate is going to be whatever the circumstances of

his disappearance, whatever communications should he have had is there really disagreement about whether you get any soldier off the battlefield. you know, is it ever appropriate to leave a soldier on the battlefield under any circumstances even if there are questions about the circumstances of his disappearance. >> okay. so we'll pare is down to the next two stories and bring it to the table because there's the issue of congress around whether or not they were notified. there are now apology phone calls going around. and then, of course, the question of bergdahl's service. and not necessary whether or not he was a deserter. but did the white house actually -- did they understand what was coming after. because it was very clear and laid out, quite frankly, in the pages of "rolling stone" magazine. let's start with dianne feinstein. a number of lawmakers criticizing the administration for not alerting them about the plan to swap prisoners with the taliban.

saxby chambliss said they haven't had a conversation on the topic in a year and a half. president obama, however, insists congress was kept in the loop saying bergdahl's worsening health was a critical reason for why the exchange needed to happen quickly. senator dianne feinstein who chairs the intelligence committee is not so sure about that. >> we have consulted with congress for quite some time about the possibility, that we might need to execute a prisoner exchange in order to recover sergeant bergdahl. we saw an opportunity. we were concerned about sergeant bergdahl's health. we the cooperation ofhe qataris to execute the exchange and we seized that opportunity. >> as i understand we has undernourished. not necessarily malnourished. but undernourished.

but the last assessment had been made a few months before. i think it was in december of last year. so, unless something catastrophic happened, i think there's no reason to believe that he was in instant danger. there certainly was time to pick up the phone and call, and say i know you all had concerns about this. we consulted in the past. we want you to know we have renewed these negotiations. it would give us an opportunity to ask questions and hopefully obtain answers. >> john heilemann, supporters of the president in the last few days say well these are republicans trying to make political hay of this and go after president obama, whether it's john mccain or some republican members of the house. but now you have dianne feinstein, a highly respected democrat who generally i would say gives the president the benefit of the doubt. going up public will eye in front of a bank of microphones saying nobody called us. nobody warned us about this. they should have. in fact, now she's getting

apology phone calls from the white house. >> yeah, not a good situation from the white house. certainly the criticism is bipartisan, it gives it a lot more credibility. look, one of the very truths of the obama administration over the course of the last five years that its relationship with congress in both parties has not been that great. if you go around and talk to democratic senators or congress "people," none of them have been particularly happy in the way the white house has kept them in the loop on a wide variety of issues. this is one of those issues that consultation provides political cover. in this case, when things go wrong, you're out there on that limb on your own. >> with roger goodell, we all know the story at this point. just give me a hypothesis of why he made this move, why he skipped congress. politically, what was it it for him? >> well, look, i think john's

point was exactly right. and i think one of the other truths about this administration, it believes religion in the power vested in the executive branch and it asserts that power. remember, there's a back ground as to whether or not the president agrees. and he apparently does not, based on his lawyers and the position that he's taken, that he has to consult congress before executing this kind of an exchange. or this kind of an operation. and that has been well established. and this president has retained a good deal of the executive power that was left to him by the bush administration. we've talked about that in other areas, in terms of drone policy and other aspects of national security. so this is an extension of that. by the way, dianne feinstein has been pretty critical of this administration in the past, over benghazi, for example. and there's no question that congress likes to be consulted about these things. but there's tension about whether there has to be when the commander in chief feels that the moment to strike is right. but we still don't know exactly

what hose those health circumstances were, right, that necessitated immediate action. >> okay. so put that aside. there's still other questions to handle here. questions surrounding bowe bergdahl's service and whether or not he was a deserter. and the fact that he was exchanged for five of the most danger gitmo prisoners available. given all of that and the natural fallout that would ensue, after his release, given what we knew about the questions surrounding bowe bergdahl, whether or not he should come home or not. just given the fact that we knew what his situation was, that he had left his post. and that many were very upset about that. and six soldiers died in an effort to look for him. why would the national security adviser be sent out to say this, take a look. >> is this a very special situation. sergeant bergdahl wasn't simply a hostage. he was an american prisoner of

war captured on the battlefield. he served the united states with honor and distinction. and we'll have the opportunity eventually to learn what has transpired. >> in months, donny, that followed, at least six american troops were killed as i mentioned in the mission to find the soldier. and some of their family members are speaking out as well, as you would expect, as well as others from bergdahl's platoon. >> he with any left he premeditated, planned out and left. he deserted not only the army, but he also left myself, my platoon and my company to clean up his mess. >> i have frustration that potentially he could still be alive had bergdahl not left his post. we lost somebody that we loved very much and we'll never see him again. >> wow. i want to ask a simple yes or no question around the table. take this pat of congress aside. you are sitting in presidency. here's the deal, we've got this

guy, prisoner of war, deserter. all the things we've seen. we've got the five all-star taliban players. let's make a deal, yes or no? from what you see, do you make that deal? yes or no? something that's just not in it. forget the execution. deal itself. let's make the deal, you're the gm, the president, do you make this deal, yes or no? just from what you see? >> you don't. >> you do not make this deal. >> i don't have the intelligence the president has knowing what's going on behind the scene. >> something is not adding up here. you don't make the deal. >> that's it. jonathan martin, chime in. >> i'm not going to weigh in on the president's decision on a p.o.w. story as i've been following politics potentially for of the last 24 hours. i'm here to talk about -- >> that would be an abosencou a.

okay. david gregory? >> to scrutinize what happened is fair to look at all the circumstances around this. the question i have, the question for this debate and moving forward, it's whether the circumstances matter, or whether the united states or any commander in chief will always be committed to rescuing a soldier from the battlefield, no matter the circumstances. so the chairman of the joint chiefs, martin dempsey said, look, this was an american citizen who is a soldier who is presumed innocent in this circumstance. who is prisoner. the war is coming to an end, that's what he said. the war is coming to an end. there's an opportunity to get the soldier off the battlefield. that's the bottom line for what

the president made. >> david, let's try and do something here that maybe is hard to do. and the question you're asking, donny, i'll put it out to the table but ask david to handle it, you don't have to answer it. is given what you know, do you make this deal? and given what we know, which is not everything -- i don't think anyone can really understand the deal. >> which tells you there's things you don't know. >> there's something totally misting here. huge from this conversation. >> i think david is asking exactly the right question. but at the theoretical limits, hypothetically speaking, you know, you clearly do not do -- there's a limit to what you will do to bring back the last american in this situation. >> right. >> you're not going to launch a nuclear strike is that is what was required? >> right. >> if someone was a proven deserter, they're things that you will not do. once you're in the world of

acknowledging there are limits to what you will do, and it is a calculation. was this person honorable or not, what are the costs involved in getting him back? once you're in the world of making those calculations, it becomes a reasonable question. and rt party donny's question is unfair, and i would be where willie is in terms of answering it, we don't know. that's the point. >> to be able to answer that question. >> that's the point i make. >> do you go to the rose garden for this announcement with the parents. or do you go to the white house briefing room and very seriously say, this has happened. more to come. i'm sorry, optically, opticswise, it seemed like they were giving america great news. and in many ways, it is good news for a family. that needs their son back. there's no denying that. no denying that. >> the piece doesn't make sense. >> it's a big story.

from warsaw, poland, host of "the daily rundown," chuck todd. chuck, talked about this yesterday. the white house, i think, expected euphoria that they were bringing this american hero home and it turned to something quite different. what are we missing here? why would the white house put susan rice out to say that bergdahl served with honor and distinction. why would they have the rose garden ceremony if they didn't have all the ducks in a row, or do they? and we just don't know something? >> well, the best explanation about what i've got about susan rice and what she said on that sunday, many ways people who spent time with sergeant bergdahl's family on saturday got caught up in the moment. how cow not? let's think of the human nature of parents not being able to see their son for five years. >> absolutely. >> that is an explanation, and it seems a very plausible explanation. what they did not expect --

because there had been a bipartisan call to do whatever it took to get sergeant bergdahl. by the way, the white house is fighting back a little bit here. they've been circulating an op-ed, for instance, over memorial day weekend saying you've got to keep your thoughts and sergeant bergdahl in your thoughts and prayers. she reiterated she wanted the defense department to do whatever it took. she circulated another video of john mccain saying he would be open to other explain by sergeant bergdahl. is this their attempt to fight back. every aide i talked to, thought that while they were fully aware of, frankly, the uneasiness or the disputed facts surrounding bergdahl's disappearance, while they believe that there would be a sense of you've foreuphoria a about getting america's lone captive out of captivity and

back to the united states. they did expect controversy and blowback but they thought the blowback would be over the release of those taliban members and frankly the start of a very rough debate of what you'll see the white house escalating the release of these guantanamo bay detainees. what you're hearing as far as the rhetoric from the president is saying, the war is coming to an end. we've got to do something with these folks. these taliban, they emphasize, have no american blood on their hands, at least as far as they know. >> what's interesting, david, we talked about on sunday, the future of guantanamo would be a big part of this debate. these detainees are being held with no real prospect of being tried in american courts. so the president, i think, any commander in chief faces the prospect of either holding them indefinitely somewhere, or ultimately releasing them. so i guess the question is, just how bad were these prisoners.

and have some of them more hardened taliban detainees already dealt with in some fashion. either released to other countries or transferred to other locations? >> well, there's a dispute, inside the obama administration, as how dangerous are these five members of the taliban. three years ago, the decision was they were too dangerous. you had people like leon panetta. you had folks like hillary clinton, james clapper, all arguing against releasing them. supposedly now, clapper got on board. simply because by the time these five got back to afghanistan there would be less than potentially 5,000 american troops in afghanistan at the time. so the fear of actually going back into the war itself was something that wasn't there. but they were concerned about three years ago. but i think, look, that's what's coming next here. what do you do with the rest of these folks. there's ksm. and then the people that they

just simply scooped up in the early days of the war. they didn't know what to do with them, so they sent them to gitmo. >> mika, one of the questions going back around the controversy around bergdahl and the circumstances of his being detained, if he deserted or whatever the circumstances are. i really do think the administration believes and the president believes, look, a bottom line principle to answer donny's point, too. you get our soldiers off the battlefield, period. if they're prisoners, you get them. >> uh-huh. >> and if he committed a crime, then you try him. i mean, you launch that investigation. but you get him off the battlefield. >> i don't disagree. and i hear that. i hear that from the administration. and i believe that they believe in that concept. i think it was misjudged, the reaction that they would get in this country. and i think that was something that could have been predicted.

and the rollout could have been different of this announcement. >> maybe there's a piece of the puzzle we don't know. that's doesn't add up. >> chuck todd, thank you very much. i do want to get to the other big story of the day, and that's why jonathan martin is here. it may be weeks before their candidate will be know who the candidate is in mississippi, thad cochran and chris mcdaniel are likely headed to a runoff june 23rd with 99% of precincts reporting, mcdaniel leds by less than one point. a third candidate has less than 2%. mcdaniel is just shy of the majority needed to win. mcdaniel appeared to pick up steam in the final, despite that reporters photographed senator cochran's wife in a nursing home. mcdaniel denies this involvement and is confident he will win the

race. >> this is a historic moment in this state's history. and because of your hard work, because of your dedication, we sit here tonight leading a 42-year incumbent. one way or the other, i promise you this, whether it's tomorrow, whether it's three weeks from tonight, we will stand victorious in this race. >> meanwhile, senator cochran did not address his supporters last night. his campaign acknowledged before the vote that a runoff could favor his opponent. let's bring in jonathan mart. en jonathan, first i want to ask you about nato expansion -- >> yes. >> i'm branching out for the last time, willie, on just that. >> no, talk to us about what happened last night. i think there are a lot of people who took the mcdaniel side of it and said, wait a minute, this nursing home picture is not a good thing. he's not directly linked to it.

and last night he came just shy of getting the majority. what happened last night? >> well, look, i think you saw a lot of energy in the closing days with chris mcdaniel. if you look at this, you see him perform very well in both his home county and mississippi and just outside of memphis a very transient suburban county that you have a lot of folks that don't have the deep cultural ties to senator cochran because they're new arrivals to the state. i think the combiengts of those two things really helped make mcdaniel -- the big question, it does seem like he's not going to hit 50, mr. mcdaniel. the three-week runoff, what did senator cochran do to change the momentum. how can he energize his people and find new voters to come out. what i'm hearing, yes, more about that nursing home. what else is out there, what don't we know? it's not clear there's anything

more to come. but the cochran folks need to find something out there to move vok votes in three weeks. >> it's john heilemann here. if the he wins this, right now, it looks like he would be more likely to win the runoff, what would actually be in play with childress, how likely that the democrats could steal mississippi if mcdaniel is the republican nominee? >> look, mississippi is still a tough one for democrats to win. democrats will put some money into it if the nominee is mcdaniel. he said some things in the past. he's a former radio show host. he's said some things that are fairly provocative in the past. childress was a congressman. a fairly serious candidate for

them. to me, what i'm curious about is, just how much money are they going to put in there. and more importantly, what else is out there on the file on miss mcdaniel. we know he said some thing on talk radio that democrats can have in heir back pocket in the sex six months. >> i just can't get over how he handles the nursing home scandal. he refuses to give a straight answer. it's obvious he's hiding something. >> it's pretty tight. but i do think -- i agree with jim. i think it's an uphill climb. the question is going to be money. how seriously are democrats thinking, how much are they willing to spend on what could be a risky roll of the dice. >> david gregory and jonathan martin, thank you for joining me. up next, how seattle managed to pass the highest minimum wage in the country. the city's mayor next. and the musical was

nominated for seven awards. carole king talks about what it's like to see yourself on a broad away stage. plus a secret fraternity that runs the world. we'll tell what you it is ahead on "morning joe."

♪ this is the story, this is the what we've seen the irreversible trend of rushing of wealth for workers who make this to the wealthy who consume all of the wealth. i would say this is an absolutely historic victory. >> a member of seattle's city council after it increased the minimum wage to $15 an hour the highest in the nation. joining us ed murray. mr. mayor, thank you very much for waking up early and being on the show. how did you get this done? >> well, good morning from

seattle. we were able to do it because i put together a task force of business leaders, labor leaders and nonprofit leaders. and they worked through a really intense form of period to come up with a compromise. so, yes, we are raising the minimum wage to $15 but we're doing it smart. we're phasing it over a seven-year period, particularly for the smallest businesses in our city. i think it's a way we can help employees without harming employers. >> okay. so business leaders are on board with this? >> so, you know, no single community is completely on board with anything. there were business leaders who were part of the task force who endorsed it. some were opposed to it. some were neutral. >> when we have business leaders on the show and some of the best economists and thought leaders in the business community, they tell me when i tell them that the minimum wage should be raised immediately and phased in over time to get to the level you're talking about, they tell me i'm stupid and that jobs will

be lost. and that i don't know anything about the economy. >> well, i think what is stupid to follow policies that fail. and we have followed, i think, the policies for the last 34 years that have decimated the middle class in this country. if you don't have a strong middle class, you don't have folks that are actually buying things that stimulate the economy. this is already a high minimum wage state. and this state, liking other cities have high minimum wages, you actually see a lot of job growth. so i would have to contradict that. >> mayor murray, my question is how much is how much starbucks did have before this appearance? >> none yet. >> oh, my, i don't know how you do that. >> no coffee for the seattle mayor. >> not yet. >> i want to ask you how awe arrived that the number. $15 an hour. the president has talked about $10.10 at the federal level. people are up in arms about

that. how did you get it all the way to $15 and get it through? >> well, the number is based on our economy versus the rest of the country. i was basically told the minimum wage is about $21 an hour in the city of seattle which is a very expensive city if we actually wanted to get a real liveable wage. $15 an hour still would be hard for someone who makes that money to actually rent an apartment or buy a home in this city. again, how we actually got the agreement, took a lot of work. a lot of long nights. a lot of tough discussions, and a lot of research from both berkeley and the university of washington here in seattle. >> john heilemann. >> mr. mayor, there's a story in the seattle times that the city council member out there, peter steinbrook who is an endorser of

yours landed a $98 billion contract. what can you tell us about that story? >> i don't think there is a story. i hired several former city council members because they have valuable skills. he has skills in land using and planning, an area i think the city needs to improve on. i've hired several people who supported my opponent, the previous mayor, who contributed money to my i point, the previous mayor. we go out and look for the best people, regardless of whether they endorse me or endorse that opponent. >> and you're not overly worried about the perception issue and any political damage you might suffer because of it? >> no, i'm not. i mean, you know, when you -- when an executive, whether a governor or mayor gets elected, you do bring in new people. and in this case, i brought in people that supported my opponent. and i brought in people who supported me. there are other people who supported me who would have liked jobs in the administration

that we decided not to hire. we've focused on who we thought was best for the positions. >> before we go, mika, what's great about what the mayer has done, we've got a test tube. >> yeah. >> and see the grojobs grow ande economy. >> a lot of this is phased in. but companies coming to seattle, or leaving seattle, may make decisions based on that. i think this is treating people close to being human beings again. and it's not -- we're not even close at this point between the divide between the rich and poor. and people cannot live on the minimum wage. it's a joke. mayor ed murray, thank you so much. it's great to have you on. still ahead this morning, congratulations, by the way, my mother is going to be a corporate spokes model. yeah, she's a spokes model. and i think it's not necessarily one of her life's dreams but it's being realized. it was one of mine.

we'll explain how her chain saw wielding prowess has caught the eye of one major company. stay with us. co: i've always found you don't know you need a hotel room until you're sure you do. bartender: thanks, captain obvious. co: which is what makes using the hotels.com mobile app so useful. i can book a nearby hotel room from wherever i am. or, i could not book a hotel room and put my cellphone back into my pocket as if nothing happened. hotels.com. i don't need it right now. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age.

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when laquinta.com sends him a ready for you alert the second his room is ready, ya know what salesman alan ames becomes? i think the numbers speak for themselves. i'm sold! a "selling machine!" ready for you alert, only at lq.com. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪

i was on espn the other day and they were doing a report on european soccer. football. i'm starting to get the sense that the anchor didn't know much about it at all. listen. >> another title up for grabs. la liga and copa delray -- real madrid, of course, with 10. >> she just gives up, man. she's just reading stuff on the screen. it's like, the color red -- yeah, espn, so [ laughter ] >> not fair. still ahead on "morning joe," the found of aol steve case joins the conversation. up next, cnbc's kay kelly reveals what she's calling is the secret cog that runs the world.

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to you what it is we do here. >> we are commodities brokers, william. they place their orders with us. and we buy or sell their goals for them. >> tell them the good part. >> the good part, william, is that no matter whether our clientses make money or lose money, duke and duke get the commissions. >> well, what do you think, valentine? >> sounds to me like you guys are a couple of bookies. >> the duke brothers. from the 1983 comedy "trading

places." cnbc reporter kate kelly out with a new book "the secret fraternity that runs the world: the commodities." >> i have to say dan aykroyd does a good job of explaining commodities and how things worked back in 1983. >> that say great movie to reference when you think about where we've come from and where we're going. in the book itself, what are you revealing about what is typically an all-boys club still down on wall street. what have you found out. >> here's what i found out there is this lightly regulated, relatively small with the size of trading and the impact on the economy. click of commodities traders and they are mainly men. they used to exist in banks like

royal or shell or exxon, bp. and it affects the prices of goods. it has an impact on the prize of gasoline. it has an impact on the prize of soda chance made by coca-cola and others. what does that change -- >> you said lightly regulated. you threw that in there as an adjective. >> is there an important one? >> there is. the swaps are something that almost killed an international group that led to the buy out. swaps have traded recently until recent trades have brought them more accountability. it's smaller than the swaps market, but on the other hand, it carries these risks because you put down a relatively small amount on a down payment on the positions you trade, the futures, for example, relative to what you could lose in the

market. the cftc oversees these guys bought they've got a small staff. jerry gentzler, their chairman, left in january. >> mika, i had a lot of friends in the early '80s down there, it was far from regulated, let's just leave it at that. but what is different today. in the movie, you saw guys in pits screaming. it's not like that anymore. you don't have the guys in the trenches. >> no. >> the floor has largely gone away. in the u.s. and elsewhere. there is still kind of a version of that in london, the exchange. most of this is done by regular trading but stock trading, as you would imagine, at a computer screen. online, but off the floor. and people do this still over the telephone at times. they still make party-to-party trades. a lot has moved offshore. so you see goldman sachs essentially selling parts of

commodities to parts of the world that has less regulation. goldman sachs has this metal storage facility, their business had a business that prices were getting higher partly as a result of their role. and the federal reserve has said, we think there's systemic risks involved with commodity hol holdi holdings, and you need to depossess yourself. >> how do the government regulators make sure this remains efficient so everyone benefits? >> here's the reason. and i think this needs further study. speculatorers could have an impact on prices. it's hard to say. how can you decide what motivates somebody to buy or sell. you don't know. one key is to bring the ftc to full leadership and make sure they're actually enforcing the

new rules they've written. and then take a look at what it is by speculative community. there are regulations moving through position limits which would curb the amount of risks they could take. and that might have an effect. but there's a debate. >> there's good story telling about the personalities involved. the book is "the secret club that runs the world." kate kelly, thank you so much. come back sometime. nice to have you on. up next, carole king has won countless awards for her music. this sunday she could be take home another big honor. she joins the table next on "morning joe." ♪ though we really did try to make it something inside has died and i can't hide and i just can't fake it ♪

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you know wherever i am ♪ i come running to see you again ♪ see you again and again and again ♪ ♪ winter, spring, summer or fall, all you have to do

♪ is call and i'll be there, yes, i will ♪ you've got a friend >> so when you show broadway on tv, it's always hard to see what it felt like. you felt that. we have to go. my daughters off stage were going. that was carole king, surprising the cast. and here with us now, singer and legend carole king. >> i'm pretty amazed because i didn't want the show made in the first place. >> i would agree. because you're not a showy person in any way. but -- but can you say now -- >> i went, i finally went on april 3rd. i dressed up, i had glasses and a wig and an orange jacket.

you would not -- nobody -- >> so you went, like undercover? >> yeah. what you saw on the stage, i went backstage -- >> and that was the first time you went? >> yes. >> get out! >> no, i didn't go to opening night. >> we went opening night and we thought we would see you and you were not there. >> i'm sorry to have disappointed you. >> i will know to have looked for you in an orange coat. >> no, there's a new disguise. >> the moment with my mother, liz, who plays my mother, was so, so amazing. i'm like sobbing. and barry and cynthia, our fellow writers, they split up and then they get back together and independent sitting in disguise. >> oh, my gosh. >> but i loved it. every minute. >> that's amazing.

can you imagine, first of all, not wanting necessarily a production of your life going on, going to watch it and loving every minute of it? i'm putting that on the schedule. >> jesse mueller is up for a nomination pno nominati nomination. i really, really hope she gets a nomination. seeing her is liking myself like i never did then. >> my friends that have seen it have gushed so. they say it is the best two-some hours. there's something about you and your music that touches such a cord. i cannot wait to see this. >> jesse mueller really encapsulates the authenticity of your music and the innocence at times of your music. i mean, you literally fall in

love with her, as you, through the years and it really is a fantastic show. i recommend it to everybody who comes to town. >> i have to ask you before you go. every time you come on the show, there's a tinge of politics involved. you grg to be singing at the welcome home ceremonies -- >> it's not ceremonies. bowe bergdahl is from hailey, idaho. >> good people. >> good people. >> i didn't know him or his fami family very well but the whole town, bowe was very well liked and it's been five years with

the ribbons up and when they asked me to sing at the rallies. and all the things we're finding out doesn't change anything for me. i am committed to supporting bowe and the president and all that. >> it is obviously creating a reaction that some don't agree with. they don't feel that -- >> mika, they're stories right now. information is coming in. i would ask that everybody take a step back, let things unfold. the army -- we did the right thing to bring this young man home. he went to serve his country, and i would also posit that it is possible that people experience ptsd in different ways. >> that's right. >> maybe arguendo any of the behavior they're talking about that might have arisen out of that. it's a hellish situation. i'm just saying to everybody,

step back. i would say to the republicans stop raising money on criticizing the prisoners over this. the president is smart and thoughtful and if he's releasing the detainees over this, it can't be that he did it without a thought. >> i agree with everybody you say. >> that's because you like your music. >> no. no matter what you think, his parents get him back again. it's an amazing story. beautiful, "the carole king mus musical" is playing at the sondheim theater in new york city. >> and, joe, feel better. >> i know. we'll have more with carole in the afternoon mojoe.

up next, the video of the taliban handing over bowe bergdahl. and then the nastiest primary. it is not over yet! put down the cellphone, put it down, carly, and back away from the e-mail. the measures some companies are taking to actually stop employees from working. all that when "morning joe" returns. ♪ just went you thought you hadn't made it ♪ all around the block i know what you're thinking...

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it is 8:00 a.m. on the east coast, 5 sclauk on the west coast. with us on set we have john heilemann, donny deutch, can't miss him and in washington, jim vandehei. president obama continues his european visit today ahead of this week's 70th anniversary of the d-day landings in normandy, but it is america's current war that is dominating the conversation and the controversy surrounding the captive american soldier swapped by the president for five militants from guantanamo bay. this video shows the swapping of

bowe bergdahl. the 28-year-old is seen sitting in the back of a pickup truck as a u.s. military helicopter touches down. several armed militants are nearby. berg dal is checked for weapons and loaded on to the aircraft, which carries him to an american military base. let's bring in nbc news chief pentagon correspondent for the very latest on this. mick, i'm looking at the video here and there are reports, at least from the white house's contention that his health was in an alarming state. what can you tell us? >> what struck me first about this video, mika, is he appears to be in remarkably good shape, at least physically. don't know how he is psychologically. he's clean shaven. he appears to be sw somewhat

robust, had no trouble walking to the helicopter, did appear subdued after five years of captivity. one could only imagine. but, you know, the white house over the weekend trotted out now national security adviser susan rice one more time to the morning shows and she said the reason that the white house did not give the 30-day notification before releasing those five gitmo detainee was because ofberg dal's health, that if they would have waiting another 30 days, it would have been too late. and dianne feinstein yesterday contested the white house claims saying she has seen no evidence that bergdahl's health was failing. >> all right. senate intelligence committee chairwoman dianne feinstein is doubting. you look at this here and you have to wonder, though you can't really determine, doubting that

the situation was so urgent that congress was not notified. take a listen to this. >> as i understand, he was undernourished not necessarily malnourished but undernourished and that the last assessment had been made just a few months before, i think it was in december of last year. so unless something catastrophic happened, i think there was no reason to believe that he was in instant danger. there certainly was time to pick up the phone and call and say i know you all had concerns about this, we consulted in the past, we want you to know we have renewed these negotiations, it would give us an opportunity to ask questions and hopefully obtain answers. >> this really troubles me, willie. we're getting -- you're getting concern from both sides of the aisle and cries that there was no notification. i don't know how that actually

settles with what the president said in poland yesterday, which is tape we should run again about notification, but it seems that those in congress are very, very concerned, especially those a little bit more intelligence on this than we have. >> as you say from both sides of the aisle with dianne feinstein as well. mick, how unusual is this for a president to bypass this 30-day notification period? is this an extraordinary measure the president took or do you feel like he was within his rights do it? >> he certainly felt he was within himself rights and he does have the authority and in an extreme sort of emergency situation. but that's the question being raised here. but what makes this -- his move even more remarkable is the fact of who they released, the five taliban detainees who have been classified as some of the most dangerous, most threaten, the

most at risk to u.s. interest certainly in the region that he would choose those five. of course it was the demand of the taliban those five be released. then we see the video of those five being welcomed as heros when they welcomed in cat a. and there's even some question that cat a is going to live up to the bargain that the president said they struck with that country to keep them out of the region. once you're on the ground, it impossible to shut off that kind of communication. >> we're -- we're going to go next to landstuhl, germany.

this is tough to cover and get the story. is there anything you can tell us that you've on it and about bowe bergdahl's condition in. >> reporter: we've actually been getting more information today from the taleban than we have from spokepersons here in landstuhl. all they will say is he's stable, he's receiving treatment, saying only when he's medically ready, he'll be transferred back to the united states. the taliban have been very forthcoming with information. they released that video and released quite a few details about the video, saying they were in direct communication or in communication with the americans, that they had to work out the logistics of this transfer, that they agreed that when the helicopter landed, only three people would approach from either side so three americans from the helicopter, the two taliban militant and bergdahl,

that they -- the taliban needed to signal from the ground to the helicopter that it was, in fact, that group of taliban that had him. so the americans had initially requested that they shine a green light in the air. a taliban went back and said, well, we don't have a green light, how about a white flag. the americans said fine, this is according to a taliban spokesman. you can see in the video they are carrying a white flag on a stick. the, chang is quite quick, it takes place on the ground in about a minute and then the american helicopter takes off with bergdahl inside. and that the taliban had reportedly told the americans that they would have backup in the area and they claim that they had about 20 different fighters positioned in the area. the americans also had extra assets on hand should this exchange go badly or had it been a trap. >> jim, it's donny deutch. this is a story that the more it unfolds or at least the more it unfolds via communication from

the taliban, you ask more questions. obviously to bring the p.o.w. home is something nobody can argue with. the trade does not seem like an equal trade. his health does not seem as dire as it had been. we see the taliban talking, the u.s. not talking. what are the hypotheses out there, particularly with the non-30-day notice, what else was going on here hypothetically that we're not seeing because it just is not adding up. >> it interesting because dianne feinstein referred to an episode in december and that was when the white house and the pentagon started to league information that there was a video of bergdahl, who appeared to be at the time according to these officials in failing health and that really apparently, we're told, accelerated that process to gain bergdahl's release. but we heard dianne feinstein to say they saw no evidence of any failing health and the u.s., the

white house, the pentagon, have still refused to release that video to show the world if, in fact, they were truthful about his condition at the time. >> mick, stand by. i want to put this into context with john heilemann and ask you a question. i think it's about three tough questions. the question about his health, it's a controversy. why, then, also given his background and everything that we are finding from people who served with him and people who have covered this story and letters that he's written home, why would susan rice be isn't o out -- use sean rice -- be sent out repeatedly to say he served honorably as one of the reasons they pushed this swap and thirdly the white house saying they consulted congress. that happened, right? yes. yes. and moks saying they weren't

consulted. what's going on here? what is going on here? >> three questions that all add up to one big question, which is what is going on here? i don't know the answer to most of those questions. i think the problem is many of us doesn't know the answers here. i think in the coming days we'll know the facts pertaining to bergdahl's health. the administration because of various controversies that have unfoaled over the past few years on foreign policy questions is on relatively thin ice with lawmakers and a lot of people in the american public on certain questions. you would think given the issues of credibility around the white house being forthcoming and truthful about various issues in foreign policy that we all know what we're talking about, some cases related to benghazi, some related to other things, would you have thought they would have had their ducks much more in a row than they seem to have had in this particular -- >> i'd rather hear them say we can't tell you right now, this

is a legitimate, credible operation, more coming out, especially when it comes to susan right, donny. would you really have her saying -- it just not a selling point. >> you kind of almost wonder. >> to talk about his service, it's fine, he may have but it's a question. it's a fair question. >> he's still -- he stl serviced. obviously there are questions about his wandering off but -- >> i'm talking about optics and you're the king of optics. stick to that. >> starting with susan rice with the messenger is another question. the message itself as far as this guy being a hero, the messenger to me is also another question. >> she didn't just say he served. she said he served honorably. >> and she pushed it as a point. as the white house defends its decision to deal with the enemy and it not just members of congress who are not happy, some of those most directly unhappy

by bergdahl's disappearance are upset. you've been roaring on this part of the story as well. >> reporter: before i get to that. >> is asking what is going on here? a senior defense official this week told me, mick, it always gets very complicated when you try to mix white house politics and military operations. just saying. now, in terms of bergdahl, you know, he's set to come home probably before the end of this week, not likely to be a hero's welcome here at the pentagon. in fact, he could possibly face a criminal investigation. meanwhile, some of those who are most affected, his fellow soldiers and the families who died during the search operations for bergdahl. joshua was a medic in bergdahl's platoon and believes bergdahl should be court martialed. >> he willfully walked away from his duty as an american soldier. he needs to go through due

process. >> ses certificates is -- des sergs is one of the harshest military charges. >> he has to dewith his duties. >> and six officers were killed in action during search operations for bergdahl. within of those killed was bergdahl's platoon leader. his mother, sandra, wants to see bergdahl brought to justice. >> he's not a hero. he's a traitor. he's a deserter. he left his post in war. >> his father, andy, does not want his son's death to be in vain. >> he died doing what he believed in. that gives me pride 37. >> in terms of bergdahl's

situation, circumstances just before he was taken by the taliban, we've all been reporting within days after he disappeared five years ago that reports that were that he walked off the base, without his weapon, without his body armor and his fellow soldiers said he was interested in either, one, just connecting with the afghan people, seeing the countryside or the worst case scenario we're hearing from them is that he somehow wanted to contact and connect with the taliban. for whatever reason, who knows and nobody really knows until he gets back to the states, he's back on his feet and healthy enough, according to military officials, that he can face some of those tough question, mika. >> we want to get to another very big story we've been following and it's a nail biter still here at home. primaries. just a week before -- it may be weeks before republicans will know who their senate candidate is going to be in mississippi. senator thad cochran and tea party candidate chris mcdaniel

are likely headed to a runoff on joon 23rd, with 99% of precincts reporting. mcdaniel leads the second longest serving republican in the senate by less than one point. a third candidate had less than 2%. mcdaniel is just shy of the simple majority needed to win. mcdaniel appeared to pick up steam in the final days despite criticism that four supporters illegally photographed cochran's wife in a nursing home. mcdaniel denies very involvement and says he's confidence he's going to win this race. >> this is an historic moment in this state's history. and because of your hard work, because of your dedication, we sit here tonight leading a 42-year incumbent. one way or the other, i promise you this, whether it's tomorrow or whether it's three weeks from

tonight, we will stand victorious in this race. >> senator cochran did not address his supporters last night. his campaign acknowledged before the vote that a runoff could favor his opponent. let's bring in political reporter kasie hunt. this nursing home controversy, he never looks like he's telling the truth and yet he did extremely well. >> reporter: that nursing home controversy, mika, sort of blunted what was a very quick, upward momentum and that's how we ended up in this completely too close to call situation, which frankly nobody expected and nobody is really prepared for. i was at the cochran headquarters last night and it's pretty clear they're regrouping at this point as they prepare to fight this sort of three-week battle. they have to get up and running really quickly. i think the main question is is thad cochran ready to run that

kind of a three-week runoff? it's going to be a really intense period. at this point the jury is still out. he's not been out in front of his campaign. he's been surrounded by these advisers who have basically run this campaign for him. it's going to be interesting to see how he moves forward. the other thing is this is going to turn into a huge test of those outside groups that have been in there spending millions for mcdaniel, particularly the club for growth and other tea party organizations, this is going to become a major cause for all of those organizations over the course of the next three weeks and i think you're going to see a really intention focus on mcdaniel. the likely a runoff situation does favor mcdaniel, partly because his supporters are more fired up. if he ultimately wins here, the democrats are looking to the fall as something that might actually be an opportunity in deep red mississippi, which is pretty unexpected. they have vaf verse childress.

>> still ahead, steve case has plans to revolutionize the school lunch room and he joins us next. can't wait to hear about that. and also up next, pope francis sis the devil is destroying the family. the good news is he has a plan. i love him and whatever he says is true. but first here's bill karins with a check on the forecast. bill? >> good morning. in nebraska, you're recovering from a massive severe weather outbreak. thankfully a lot of the tornadoes were in rural areas but doesn't do any damage. but the rain and the hail did millions of dollars worth of damage. 5 inches of rein yesterday and the most recorded in one june day. the hail was so impressive. it was soft ball-sized hail, baseball-sized hail. look at the side of this house. this hail was driven by 70 mile-per-hour winds and it tore right through all the vinyl siding on this house. incredible. let's show you what we're going

to deal with today. the severe weather is pretty much over with for today. we have a little flash flooding in northern missouri, southern iowa. the on really bad storms just went through st. louis and south thereof and even those are weakening. we have just garden variety storms moving through indiana. these storms will fire back up a little further to the south where it a little warmer, a little more humid. the area of concern continues to be lexington, louisville, bowling green into the the areas of the smokies and north of memphis. primarily the threat is wind damage and large hail. i don't think we're going to have too many more tornadoes this afternoon. the rest of the forecast looks pretty good on the east coast but as we go through thursday, all of the storms and severe weather is going to move through the east. it doesn't look like tornadoes or anything but we could have significant travel delays, even areas like new york city and d.c. come thursday morning. an active forecast continues across the country. we leave you with a shoft washington, d.c. after some

storms yesterday. no storms this morning. but traffic heavy as always. you're watching "morning joe." we'll be right back. [ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪

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chinese turned on chinese. there are horror stories today, some unconfirmed of students being run down by tanks. >> security tight in beijing ahead of the 25th anniversary of

devastating military crackdown of pro-democracy protests in tiananmen square. reporters were also warned not to visit specific areas in the square. china does not allow public discussion of the events of june 3rd and 4th in 1989 when soldiers and tanks stormed the squares. hundreds of unarmed protesters and onlookers were killed. >> sales reached 1.6 million in may, the most before the recession began. the top seven u.s. automakers beat analyst projections, including gm, which appears to not be impacted by that record breaking recall. >> the "new york times." gm officials expect ceo mary barra will be cleared of wrong doing following a three-month

internal investigation. the lawyers will also recommend widespread changes within the company. >> the "daily mail," the pope has an urgent message, raise children, not cats and dogs. the pope stressed faithfulness and fruitfulness, while cautions against, quote, the bitterness of loneliness. he said that the devil wants to destroy the family. he is planning a meeting to discuss a number of issues involving catholic families. >> where do the cats and dogs come in? >> i'll tell you why. because people overemphasize that relationship with their pets and that energy and money could go to their children. i love my pets but pets are not people. >> mika was drinking cocktails

this morning. so the thing she said about pets, disregard. >> i just saved you 80,000 nasty tweets and twerks. >> twerks? >> she might enjoy the twerking. >> i'll save myself from myself right now. do i have a story for you. it sounds like a concept here at "morning joe," the idea of putting down the smartphone and turning off the work. but the idea is taking hold. >> reporter: be honest. how often do you check your e-mail? >> 24/7, if i'm awake. >> definitely in the bathroom. if people tell you they don't check it in the bathroom, they're lying. >> reporter: we're at a company that gives guaranteed time to

unplug. on his first vacation after joining the company, it took lon time to adjust. >> you want people out of here by 6:00? >> 6:00. >> reporter: the founder said he values his time outside the office and wanted everybody at the company to enjoy their free time, too. >> it's part of our business to allow. >> -- allow everyone to be connected yet at the same time, we find the value of being disconnected. >> in the short view, you can be -- you can say, look, i can get all this extra work out of people, but i'm finding that employees are starting to say, you know what, people are

leaving, people are burning out. >> reporter: a handful of companies are finding ways to recharge and retain talent. this company closes three weeks a year, giving their employees a break. >> it's really important because these moments, there's only so many of them. >> reporter: and when they do happen, you won't want to be reading your e-mail. >> coming up, he's bringing his entrepreneurial expertise to the school lunch room. changing cafeteria cuisine next. plus, my mother is about to be a corporate smokes model. yes, she is. for chain saws. >> really? >> that may be the most awesome thing i've heard in a long time. >> it's kind of frightening.

we'll explain next on "morning joe." when salesman alan ames books his room at laquinta.com, he gets a ready for you alert the second his room is ready. so he knows exactly when he can check in and power up before his big meeting. and when alan gets all powered up, ya know what happens? i think the numbers speak for themselves. i'm sold! he's a selling machine! put it there. and there, and there, and there. la quinta inns & suites is ready for you, so you'll be ready for business. the ready for you alert, only a laquinta.com! la quinta! hoall we do is go out to dinner. that's it?

i mean, he picks up the tab every time, which is great...what? he's using you. he probably has a citi thankyou card and gets 2x the points at restaurants. so he's just racking up points with me. some people... ugh! no, i've got it. the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual fee. to apply, go to citi.com/thankyoucards [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪

my mom works at ge. brian: 25 years. matt: that's how long we've been talking about the most important social issues. savannah: education. al: conservation. chris: uniting the nation. jim: with a bit of imagination. the more you know. to me better food means a better mind and body.

>> give me real food. >> nothing artificial. >> give me something good, really good, with an extra portion of yum and a side of respect. maybe two. >> this is the start of my life. >> and i want a good one. >> that's kind of the way to sell it. here with us now, the chairman and ceo of the investment firm revolution, steve case. steve's fun job is to pick winners and grow them. along with the co-fonder and ceo of revolution foods, the latest company steve case has decided to invest in. it's really excited. >> revolution foods are now in a thousand schools serving a million lunches a week but there's 100,000 schools out there. the big debate in our country is

how do we make sure kids have healthier options at school, food they love and are tasty and that the schools can afford. >> what made you decide we're going here? >> we like continue to vest in the world. food is an important part of our lives. it's a huge industry. the school lrch business is a $16 billion business. but kids don't find them tasty, it's not that healthy and schools can't afford them. >> and you found one. >> school, what they used to serve before evolution, now after tell what that looks like. >> we work hard to bring fresh, affordable -- >> give me what it used to be and what it would be now. >> a lot of times we replacing a more packaged kind of overly processed product with a fresh homemade meal that is designed with kid insight and input.

so we believe nutrition comes from both the ingredients but also making sure that it's consumed and that kids love it. >> that's the second part of the equation, will they eat it? because you get healthy lunches that school systems put in place and the kids don't go to it. >> i want to force you into a specific meal. say, for instance, right now in one of these schools a kid used to have twineies, ham sandwiches -- >> tater totts and now they have x. what does that look look? >> today schools that work with revolution foods are eating a home made fresh spa -- spaghetti and meat balls and fresh fruit and vegetables. these are frsh product and really designed participation in the program. >> how do you know they're

eating it? and i hope they are. >> we track participation with our schools. it's a very important number. we look at how participation change when is revolution foods come into a school. we have great data around participation increasing, often times in the double digit growth rates. we also are in schools so we're looking at what kids are throwing away, how that's changing when they're presented with a product that they love. >> let me ask the dumb question. because common sense tells you -- how would a school argue against it? as long as the argument adds up, what's the argument against that? >> there's always incumbents who are used to doing it a certain way. i think the argue is in favor of revolution foods, which is why we invested it. it's a $16 billion business, this is going to grow rapidly in

the next five or ten years, schools should adopt it, moms will support, it clids love it but they haven't had an option that is healthy and tasty and affordable. part of the reason they've done this is they've built seven culinary strategies. that's how they can deliver it fresh, not have packaged, processed things. >> you're the co-founder. what made you decide to found this as opposed to other business you'd be hugely successful at at. >> i started revolution foods with my partner, we each go home every night to our own kids and we're faced with the challenges that every parent is facing. it's a passion of ours. we believe that serving students

news trishs meals sets them up for success, inside and outside. >> we can't get her to talk about eating healthy. get on the program, mika! enough already. >> we have a little bit of a food fight going on in washington, d.c. now over the school lunch program and fundamentally the debate is why should you force schools to adopt something which requires them to pay more for things that kids won't love? revolution foods solves that problem. it's the same basic price, under $3 on average, kids love it, parents love it. we just need to make it more available to more schools. >> that lunch, if they eat their lunch and it's a good lunch, it the difference between a good afternoon of learning. >> and of lifetime habits. we're teaching them reading and writing and arithmetic -- >> i'm on board. you can buy these in stores, too. i think you guys know that.

thank you so much. you can get more with steep on the afternoon mojo. thanks very much, both of you. >> you think this internet thing is going to continue? >> i think there's a future in this kind of thing. i really do. >> i think there's something to it. >> coming up, we'll look at what's driving today's markets next in "business before the bell." ♪ that time i went and said good-bye ♪ now i'm back and not afraid to cry ♪ ooh, baby, here i am

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but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact

where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. let's go to business before the bell now. michelle. >> we are waiting for the big vant of the week, which is what the european version of the

federal reserve is going to do tomorrow, the european central bank. around here we call it the ecb. it's widely believed they're going to embark on some really big experimental things here like ben bernanke did to try to revive the economy before he stepped down. what they're really worried about in europe and what we are as well because it will be bad for the u.s. economy, is deflation. that's when prices fall oaf and over again. think about the psychological impact that has on a buyer. why would i buy a house today if it's going to be cheaper tomorrow. what happens why would i buy a car today if it's going to be cheaper tomorrow? you see that? look at that chart. that is ugly. that is a nightmare to a central bank per. >> when was the last time we heard the word deflation? >> we talked about it in japan for 20 years.

they've never managed to get out of it. it's been totally debilitating. in the united states, it was the great depression, 1930s. grease and spain, they're facing deflation at the moment. >> thanks for the uplifting mood. >> thanks very much. up next, she's a mother of three, former white house wife, an accomplished artist and now she's a spoke model. >> who is this amazing woman? >> she's a spokesperson for chain saws. she's steel magnolia. that's the greatest. we're talking about how a company that makes chain saws can last through these times. >> mika's mom. >> we'll be right back.

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this is a very instinctive process. i don't think too much when i'm cutting. whatever shape presents itself, i just do what is needed. not much rational thought goes into it. it's exhilarating. actually, when i get going on the work and the work is going well, i do get exhilarated and i enjoy it and it leaves me feeling i guess the word would be a little high. >> this explains a lot, doesn't

it? my mother, emily brzezinski has been creating life size works of art for years. her instrument -- chain saws. steel incorporated, the president of the company join us now. we're learning about your company, it's been family owned and surviving and thriving. >> it goes back to -- we're still family held. >> what year was the one my mom was using there? >> that chain saw is over 20 years old. >> she likes the heavy ones, fred. >> we're sending someone out to make sure she has all the

equipment. >> she's difficult. she might not like it, it's too light. >> why did you choose mika's mom as a spokesperson? >> well, it came to our attention, we have a campaign that we've utilized the last three, four years, it's called real people, steel people. it started out with people who manufacture our product, our 2,000 employees in virginia beach, virginia. the people who sell our products, we have over 8,500 independent servicing dealers. we don't merchandise through the big boxes. all of our customers offer on-site service and instruction. and the iteration came also then to the people who use our products. we've had contacts from firefighters, landscapers and then it came to our attention of this lady who was a fantastic artist.

and we saw the name recognition. and hats off to you. i saw your father, i followed his distinguished career. you've done well for yourself. >> i'm telling you, i'd be like, mom! and then i'd try to get in there. that chain saw i know as well as my mother, if not better. >> when it comes to how you've been able to operate as a family-run business and stay private li privately owned all these years. how hard has that been? we're talking about the volatility of the market, when you're looking at exchange rates, how have you been able to survive the turbulent times? >> it's a pay as you go. i think working for a privately held german company, our strategic plan is not next month, not next quarter, not the next six months, we're looking ought two, three years.

quite frankly, our company has no bank loans. we're internally financed. it's a very nice way to do business and the steel family decides to significantly reinvest in the infrastructure. 21 of 22 years we've enjoyed record sales years in the united states. >> it's actually an advantage. you don't have to worry quarter to quarter. it's actually a better model. >> and you guys have been adaptable. you talk about getting this lighter piece of equipment to mika's mother. how much lighter are we talking about here? how modern is the equipment? >> it's very modern. you're probably talking about five to six pounds lighter. >> that's a big difference. and she'll use it all day. she's strong. as fred said, he might have his hands full with this one, but he's going to try. i didn't say, it fred said it.

for more information visit steelusa.com. fred, it's so nice to meet you. >> thank you very much. >> thank you. >> up next, what if anything did we learn today? ♪ there she stood in the street, smiling from her head to her feet ♪ i'm meteorologist bill karins. we continue to track severe weather across the country. the worst yesterday was in nebraska, ohio, missouri. today we're more concerned about areas like kentucky and tennessee. the rest of the country is actually looking fairly quiet on this wednesday. have a great day. arned cash bac.

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thomas, there is a video circulating online that i need to ask you about. here it is. ♪ because i'm happy clap along if you feel like a room without a roof ♪ clap along if you if you feel that happiness is the truth ♪ ♪ clap along if you know what happiness is to you ♪ >> okay! whoa, whoa, whoa, whoa. what the heck is going on? >> it's a video for miss usa. i'm hosting miss usa. >> are you judging? >> i'm co-hosting. >> you are? did donald do that? you know he does this to goad me. >> he sang, too. >> you're going to abe mazing. i will watch for you. i'm not a pageant person, as

donald knows, but i love thomas. >> very quickly, a great moment. carly right here. >> straight as for the gorgeous carly. >> i'm so proud. >> if it's way too early, it's time for "the daily rundown." we'll be right back. have a great day. overtime. the mississippi mess looks like it's headed for three more weeks of fighting in a runoff. could the republican runoff give democrats an open they go never expected to have? also this morning, more information is out about bowe bergdahl's release and it's coming from the taliban. we'll have reaction from the taliban and the latest on the armies's report on the home coming. and -- how hard has the chine