being discussed in this case everyone is focusing on how screwed up our prison systems are and they are very screwed up but this story goes beyond our present problems into the land of you genet when you've got people being coerced into sterilization by doctors who say they're doing it to save money on welfare that's eugenics regulated breeding and population control we've seen eugenics before states used to have eugenics boards that sterilized people they deemed to not fit for procreation north carolina is in the process right now of compensating victims of the eugenics board which was shuttered in the one nine hundred seventy s. people like to think such social abominations as eugenics are a thing of the past but now here we see evidence of eugenics today and yet if you say the word eugenics people will call you a conspiracy theorist but when people are actually conspiring to sterilize citizens there is nothing theoretical about it tonight's let's talk about bad by

following me on twitter at the resident.

there i marinate it this is been busted i mean these are some of the stories that we're tracking for you today. first up sex discrimination lawsuits are abound this week and one old school company goldman sachs and one new school company tender are both having to answer to their questionable behavior we'll tell you all about it coming right up and daniel alpert is on the program today he's the author of the age of oversupply and he's sitting down with me live this afternoon to discuss the economic limbo that the u.s. seems to be kind of stuck him right now and sports headlines this week have been dominated by i don't know. maybe a little bit of it with the world cup but the wimbledon final there happening this weekend in today's big deal edward harris and i are discussing money in tennis and there's way more of it in tennis than probably. not to get to.

our lead story today women in the workplace or maybe more appropriately put women suing the workplace now there are two pretty prominent stories making business headlines right now involving powerful women suing their former employer one of goldman sachs and one it tender the start up dating app company now let's start with the tender story with me wolf a former marketing v.p. at the popular dating app is suing her former employer for a sexual harassment and sex discrimination that's from the lawsuit itself now a lawsuit filed against both tinder. and its parent company i see which is owned by

barry diller alleges that tenders and chief marketing officer justin and the teen and c.e.o. sean rad repeatedly called miss wolff a whore and revoked her title because quote having a young female coworker co-founder would make the companies seem like a joke and devalue it disgusting now meanwhile over goldman sachs two former female employees thought a lawsuit against the firm alleging wall street sexism now the suit was first filed back in two thousand and ten but on tuesday the women asked for a judge's approval to expand the suit claiming women at the investment firm were paid less and awarded fewer promotions than male coworkers goldman says the suit is without merit but the new filing on tuesday details allegations of rampant sexism and harassment at the firm saying quote this constellation of evidence reflects widespread concerns among women about gender bias and a boys' club atmosphere sexualization of women and uncorrected culture of sexual

harassment and assault. the suit describes company sponsored visits to strip clubs and golf trips that were designed to intentionally exclude women along with a push up contest at the office how old are we and on one occasion where female v.p. was allegedly pinned against a wall and groped by a male associate who had walked her home not very hospitable and now this is all very very bad stuff and the portion of this suit that got me especially fired up which you might be surprised about that really got me fired up was that the complaint allege that female d.p.s. at goldman earn twenty one percent less less than their male counterparts while female associates earned eight percent less the claim also pointed out that twenty three percent fewer women d.p.'s earn promotions to managing directors now listen i mean wall street has been the subject and fascination of people for decades because of its seedy crooked immoral bros only environment and today the startup slash

tech world seems to be attracting a lot of the bros that would have formally been drawn to wall street but the first battle that needs to be fought and immediately is for equal pay for men and women in the workplace i do hope that these women when there's respective suits but more than that i hope that they go on for a full careers and don't get cast off to a world of big settlement unemployed ladies that is not the point of all this ladies now men and women are different and we ladies have to be smart about what we have to fight for and in my book equality at the very very least on a pay stub is imperative today. to. get the economy isn't just in a muddle through state it's in some sort of limbo kind of q one growth of two major

downward revisions and the mask. monetary policy experiment by central banks hasn't really produced the expection expectations or results that we were hoping for now still the economy isn't doing terribly and many analysts for see better days ahead but i'm wondering of people or kind of a little overly optimistic about the future right now so to get a better handle on this i'm joined by daniel alpert the founding partner of westwood capital and the author of the book at the age of over supply is so daniel first and foremost thank you so much for being here with me and being back on the show and you know a lot of people been coming on the program lately and saying that the u.s. economy is doing better and i don't doubt that for a second it is clearly doing better but you know i'm still worried about wage growth and high debt high debt levels in general so what's your view on what's going on out there well i think the first question you ask is better than what you know obviously the first quarter of this year was in better than anything it was a hell of a lot worse. and yes we do see some monthly fluctuations and some of them are

positive not every not every piece of news is bad obviously in order to get to even two percent growth for the year we really need to see some pretty strong numbers in the three quarters that remain to be reported whether that's going to show up in this quarter's numbers i think. national weather service in mount holly new jersey has issued a severe thunderstorm warning for southern missouri county in central new jersey southeastern bucks county in southeastern pennsylvania southern middlesex county in northern new jersey northern burlington county in southern new jersey southwestern monmouth county in central new jersey northwestern ocean county in southern new

jersey until nine thirty pm at eight twenty nine pm national weather service doppler radar indicated a severe thunderstorm the storm was near fields but moving east to twenty mph this storm is capable of producing damaging winds in excess of sixty miles per hour the severe thunderstorm will be near whitehorse in georgetown around eight forty pm crosswalks and most of the hamilton square around eight forty five pm browns mills around eight fifteen pm allentown and that in broad ground eight fifty five pm greenwich and with around nine pm it lays down around nine o five pm this is a dangerous storm if you are in its path move interest to a sturdy building and stay away from windows when it is safe to do so report severe weather to local law enforcement or to the national weather service a severe thunderstorm watch remains in effect until nine pm wednesday evening for delaware and northeastern maryland and new jersey and southeast pennsylvania repeating a severe thunderstorm warning has been issued until nine thirty pm for the following counties in new jersey burlington missouri middlesex monmouth and ocean and box

pennsylvania. the sort of temporal movements that you see in bond yields from month to month obviously are a lot to do with economic statistics the longer term say six months to a year movements that we've been seeing certainly the enormous decline in yield since year in two thousand and thirteen really reflect the overall global environment which is one of relative disinflation if not deflation in certain parts of the world very very little price pressure very little economic activity when you consider the developed world as a whole as opposed to looking at a little bit parts of it even the us made in the in europe for example we have an incredibly unbalanced environment where germany is the only really strong economy in a place that has incredibly lackluster growth and inflation. and you you look at

the u.s. economy and you're tempted to look at it is though it's one unit and obviously in comparison to two very balkanized europe. you know euro zone where you have all these different countries and they're all. pursuing different policies because they don't have. really unified fiscal system the u.s. is also very regional economy and i think people sometimes don't really focus on that we're seeing very very good growth in some areas of the country and in others it's incredibly lackluster so. it's difficult to look at any of the advanced economies individual e. and not look at the in the total package and i think when you look at the total package you're seeing global growth and obviously there was a great report put out at the beginning of this week by claudio. the bank of international settlements terrific terrific piece that he wrote and he he he hit

the nail right on the head when you look at the advanced a. since they're not doing very well then i want to ask you i know that the lost out of the u.s. commerce department should retail spending in the u.s. actually dip when adjusted for inflation now given manufacturing survey showing production and new orders rising is this a case of inventory stuffing or is the retail data skewed by some other factor but inventory stuffing channel stuffing was what we saw at the end of last year when and we saw it you know really very harshly and i think a lot of the numbers that were coming out at the end of the fourth quarter two thousand and thirteen everybody was optimistic some people myself sway us a bloomberg a few other folks were commenting that this was in fact channel stuffing it was going to we were going to feel the the ill benefit the facts of that rather in the first quarter well of course none none of us were weather forecasters we also had

some bad weather but. i think but i think we were very we were very good forecasters when it came to the impact of inventory stuffing and and that's what happened now again you're seeing inventories relative to final sales again diverged so the question is have we just seen a movement of inventories that became slack touring the bad weather of the first quarter and is that really reflecting in demand i think that's the sixty four thousand dollars question in all of this is what is in fact the strength of ben demand now not to beat a dead horse here but down if you look back to q. back at q one the u.s. economy contracted at an annualized rate of two point nine percent and as i told guess at that time this wasn't all weather either it could have been now rearview mirror or not that's him and i mean huge fall so how can this data point not be relevant to the underlying strength of the u.s.

economy. it's certainly relevant it's certainly been relevant to the bond market i mean you can look at the equity markets in the bond markets as having radically diverged again this isn't the first time since the recession that they've done so but certainly they're not seeing from the same hymnal the bond market reacted very very strongly to that data you saw fields in the ten year drop almost you know twelve thirteen basis points. and that clearly signaled a trend for for bonds the equity markets have responded differently and are basically being driven by what i regard as a very very sharp bear market rally. now i want to ask you do you think that the fed's ultra easy monetary policy is justified and why or why not. only a third of all i can say is going to give you a heads up you are and the feds follow the fed's policy certainly was justified when they when they started it but at this point i think the fed realized certainly by. late summer of two thousand and thirteen that q.e.

was actually creating more problems more dislocations than the benefits of it were that were being created we're worse we're still sort of in that mode the markets are used to the notion that the fed's going to exit q.e. they're going to they're going to level the wings on the plane and they're going to see if it flies but i don't think current data really is all that dispositive at this point i'm very sorry to cut you off we have to have you back on very soon but we have those interests don't operate thank you that year and you tear you to it that was daniel operator author of the age of oversupply. time now for a very quick break but stick around because when we return john these will be on the show john sat down with me to discuss the future of the u.s. and u.k. economies and the wimbledon finals are this sunday and in honor of the occasion edward harris and i are talking about money in tennis in today's big deal and remember you can see all segments featured in today's show on you tube at you tube

dot com start on hulu at hulu dot com slash. now before we go to break here are looking from your closing numbers of the bell come on back with us. i would rather as questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question more. welcome

back to jack now we explore the numbers behind a potentially stronger u.s. economic recovery with daniel alpert a moment ago but as a point of comparison we wanted to bring the u.k. into this whole story so i spoke to john as east now he's the economics and

business correspondent at the week dot com and gets we want to get his idea and his view on the future of the u.s. and the u.k. economies and i first asked him how the u.s. and the u.k. economies are doing here's what he had to say. i think says the two thousand a slow u.s. has done a lot a lot better and you know if you look at real g.d.p. since two thousand and eight u.s. is one of the best little economies in the g seven whereas the u.k. is actually one of the worst it's kind of only it's late so. but you know right now u.s. just got a massive setback with g.d.p. last quarter and the u.k. has actually grown quite well but you know i tend to i tend to say that the the signal is the long term trend and that the noise is the short term trend so i tend to say the u.s. u.s. is probably in about a better position to weather the storm than in the u.k. but you know it's we'll see we'll see how this how this develops over the coming

months should the fed and the bank of england raise rates in your opinion i think they should raise rates if indra if sorry if if if inflation rises above that target i don't employment falls below that i'll get. right now that isn't the case so zero percent interest rates are the only way only way to go you know is that the u.s. is still doing cause there to be easing in where there. was such a huge such a huge setback. in first quarter growth it would i thought i think to raise rates now would be. very foolish actually but you know. at the end of the year you know if inflation ticked up at two percent you know if we have two two or three more steady course of the growth and unemployment falling then it will it will certainly be time to can said to get diddley's because this consider raising rates based on the fed's you know objectives of two percent

inflation and you know less than five point five percent unemployment are you concerned that negative real interest rates cause resource misallocation and a credit bubble. i you know i guess. it depends on its depends on a lot of things. negative real interest rates they are there obviously it is an incentive to invest right but. whether that's going to whether that's going to go to misallocation of capital or you know a beneficial location of capital really depends on people's mindsets in the market . and i think a lot of the growth you seen is sustainable and healthy and maybe a lot of it is bubbly and debt driven. but i think the the bank for international settlements had a report out yesterday and it showed the comparison between the change in that

verse is g.d.p. growth and actually that the countries with the most debt driven growth. you know china and brazil and the us in the u.k. were actually actually looking road to be sustainable so i guess i'm in the u.k. there are there probably are a number of factors i'd be a little bit concerned about with for example housing housing in london. and in the u.s. maybe maybe there are there are certain markets maybe technology stocks that are a little bit bubbly but right now i you know i wouldn't i would a real interest rates i'd be i'd be i'd be really concerned about trying to get a handle on unemployment and get it down below that five point five percent john why have the fed keep interest rates at zero with real interest rates negative when you can use fiscal policy to deal with the slack in the economy. well that's that's

absolutely true but i mean i think the answer is congress isn't really. you know the appetite of fiscal policy from congress is pretty much nailed you know but we can dominate dominated house who believe you know passionately in austerity which is what david cameron over here believes and he believes in the the virtues of. you know confidence from from austerity and i thought you know i think that's what you know people like john boehner. in the house believe in. so you know you if you can't get out you've got going to another stimulus bill cost then also ultimately. the fed's going to be the one carrying the can right but. you know with. the evidence i've seen from the bank of england which is that things like quantitative easing actually helps the rich much more never one else maybe that is something we should be worried about now the british council and george

osborne has focused on austerity and he says that this focus is behind the improvement in the british economy is he right. i think the evidence is the there is a lot of confidence with businesses but whether or not that actually is a product it was thirty will be a very controversial argument because they were they were doing austerity you know four years ago and three years ago and the confidence wasn't there then so is is is the confidence a product of a you know just just a just you know as keynes said you know in the long run the sea is flat and everything recovers and you know markets tend towards growth and and so on or is that case of yours there is it working well you know we've had in britain we had a worse recovery from the two thousand and eight slump in the great depression so i think right now the signs are that austerity. it doesn't look so good

and. you know the united states that north a lot better than we did and you know they had much stronger fiscal stimulus so i think i think the long run outlook is good for keynes and not so good for us bomb or the british right to stay out of the euro yes evidently yes because. there are very few countries in the eurozone i didn't particularly well and with britain's britain's economy being driven by its financial sector a lot of a lot of the economies in the euro zone. of a similar profile britain like ireland and spain. and italy. they're doing they're doing pretty terrible. eyes of the euro right now germany is doing well in britain britain's economy isn't not at all like germany so i think i think. britain staying out of the euro was very beneficial. because the way that currency is constructed it's not it's not well designed for these these these kinds

of shocks and these kind of prolonged. depressionary variants. the fact that we stayed out of the euro is an accident based upon you know i think british nationalism. the idea of want to keep keep keep our own currency if the euro was a properly designed currency with you know proper fiscal transfers then i think britain's entry into the euro. wouldn't be so bad but i don't i don't think it's a well designed currency and that's that's the yes you. that was john econ and business correspondent the week dot com time now for today's big deal. big deal time with edward harrison and today we are discussing money in tennis fun

stuff tennis so the sport that's hogging headlines this summer is cricket of course soccer and it's all thanks to the world cup but we're a boom bust we're also big fans of tennis and wimbledon is underway at the all english lawn and tennis club that's basically went wrong doris's for the french what it's called so i want to check in what's going on in the world of tennis in terms of money so edward before we begin first and foremost and this is important because i want to tell well you know i noticed that at the beginning we had this whole thing on the up with maria cher oppose that i mean obviously so we have a reason for and she's one of my favorites but she's already she's gone right you know what so i have no idea why it was that. i'm going to go i'm going to go with. he's content is you know you know i'm going to go a joke it's ok that to be honest i'd much rather federer and that's what i was saying i think that he can win because joke of it's won five sets today but it was

ok not to what our show is a business so business insider ran a list of the highest paid dennis players and we chose the top three earners of both men and women now and we're can you break down the numbers here of the earnings for each of these players and to the familiar i think we have a chart here you can see federer yeah earning sixty point two million dollars he's number one and we've got roughly on the dull he is at thirty five point six and know that joke of it comes in third place at twenty six point four for the men were in the woman murray a share post the number wall and six twenty six point five. followed closely by serena williams with twenty four point four million and. nineteen million wow that is really cool actually i really like looking at the sponsors for although. i don't know a lot of an adult really i don't know obviously americans more about that like a sock on movie or i thought. they made you know you know they're like oh you know that is true in germany so i was looking at that i don't know which there's

a little bit i was going to write it anyway they're hiring interventions and even edward watches out you hear in terms of how endorsements are kind of distributed and and the money is allocated you know you see a lot of repeat sponsors with a bunch of people obviously but really what what's the standout for you you know i looked at a bunch of other sports like you know and federer he's huge in terms of sponsorship what i noticed is that you know tennis you know they have huge amounts on the sponsorship side and so there's golf but when you look at the earnings for other sports like boxing or like even soccer football you know those those sports they didn't have huge amounts it's because maybe the sponsors are going for the high you know like people with high net worth following tennis or falling golf that is that's you know it seems that i wonder if it also has something to do with the fact these are individual sports it's harder to you know like a teen you have some player in the team can do something devious and you're no

longer going to be associated even when you only have one player that you are going to put it on that's a risk reward there because they get injured too because you when you think about this the biter later. who you know everyone he lost spots because he was biting this guy can't do it tiger woods you know he had a huge debacle but he came back whereas lance armstrong you see he's never played back so probably get away with doing something there and blade runner you can't get away with stuff like that ok sorry that's over now pretty. long hair environments and we still got our facebook page based. dot com slash mumbai is our team and please treat us at an aide at edward n.h. from all of us here but thank you for watching us the next time by. playing.

the try to. play pulling out of. your life for the story you think everybody. plays. let me. know law oh well. a lot like ok. let's say the mall linsky says to me let's play sometimes for nothing actually play this season and it's. not just a good story he will be just if you could you see the stage take look easy. but he was still. playing.

lists. today on larry king knowledge scandal tony goldwyn i will blue shonda rhimes called me and said i'm going to play the president of united states with kerry washington that sounds interesting no matter what the situation is that the scene is every time you walk into a room you just have this how this power this aura of the way people deal with you know you bring so much through. if you seem just because you got that title on his new project then divide you find out where they innocent were they guilty who did what and we explore all of the gray areas in our justice system you touch success at the moment larry i'm really grateful for you know i mean i've been doing this for twenty five years and as you know you know you go through dry periods and periods of success and you go up and down plus most of.