well, then, you might be david cho. >> david: hi.ike me. >> anthony: is that an ak piÑata? >> david: that is an ak-47 piÑata. >> anthony: wow. >> david: so, i mean, this place is in downtown l.a., so i try to have as many weapons, like, hidden throughout. i got ninja swords and ninja stars and stuff. >> anthony: you need -- you need a puppy, man. [ laughter ] >> anthony: you need a puppy. >> david: i do need a puppy. [ laughter ] i'm going to paint you today. is that cool? >> anthony: yeah, sure. >> david: all right, so, just sit. >> anthony: sit? >> david: right there. and -- sorry. don't usually paint this early in the morning. okay. i'm going to go more expressionistic, if you don't mind. >> anthony: i want to know, and you were on record, you said, you know, young people, uh, looking to follow your road to success, your advice is, whatever you do, don't date a korean girl. >> david: oh, okay. i try to be open-minded about things, right? but, well, i'm racist. you know, for me, i've given it a shot. and then i end up in a situatio

david: they sure are.way, profit they were expecting 480% increase in profits over same period last year. actually closer to 600% right now, based on -- reporter: absolute blowout. david: this is incredible what this company managed to do in turn arounding profits. ashley, thank you very much. that is not all, melissa? melissa: that's right. cbs second-quarter earnings blowing away expectations on top and bottom line. are investors still bullish on the media giant? we'll dig deeper into the numbers next. >>> plus, this was the wild scene outside of philadelphia last night. more flag burning expected tonight. we have the latest coming up david: cbs earnings release, beating analyst estimates for the second quarter. earnings per share and revenue. barrington research, you were expecting a little more from revenue. for you didn't meet expectations. they offered to buy back a lot of stock and increasing dividends. that usually raises shares. after-hours shares are down. why? >> i'm, can never explain exactly w

david: i am david gura. carol: this week's issue is britain law, -- insider trader investigation -- carol: and under armour's battle to be the sportswear king. david: all that ahead on "bloomberg businessweek." ♪ david: i'm with the editor and chief of "bloomberg businessweek" ellen pollack. there was a supreme court decision that came down on immigration. deadlocked. ellen: it was deadlocked 4-4. it goes back to the lower court. the lower court has not scheduled hearings. what it does is leave many people influx. david: a huge disappointment to the president. a signature achievement of his tenure thus far. ellen: it is all frozen at the moment. or a lot of it is frozen. taking it out of the political realm for a moment, for companies, it is a problem. they have employees who are here on visas and have immigration issues. they have trouble planning what to do with their talent. it is not just a social or political issue. david: it is a business issue as well in a lot of global economic news. a number of piec

david: i am david gura. the larger trading investigation. all of the head on bloomberg's this week. ♪ let's start with a public policy section. the supreme -- supreme court --ision that came down, >> it is deadlocked for-four and goes back to lower court and a lower court has a scheduled hearing. what it does is leave many people influx. david: a huge disappointment to the president. a signature achievement of his tenure thus far. ellen: it is all frozen at the moment. or a lot of it is frozen. taking it out of the political realm for a moment, for companies, it is a problem. they have employees who are here on visas and have immigration issues. they have trouble planning what to do with their talent. it is not just a social or political issue. david: it is a business issue as well in a lot of global economic news. a number of pieces in the magazine, including one by editor in chief john micklethwait. ellen: we have an entire section devoted to brexit. it is a huge deal. we have an interesting essay by john

david: i am david gura. we are inside the magazine's headquarters in new york. law -- e talk about david: the written case -- carol: under armour's battle to be the sportswear king. david: all that ahead on "bloomberg businessweek." ♪ david: i am here with the editor in chief of "bloomberg businessweek," ellen pollack. let's start with the policy section. there was a supreme court decision that came down on immigration. deadlocked. this is now a sign of things to come. ellen: it was deadlocked 4-4. it goes back to the lower court. the lower court has not scheduled hearings. and what it does is basically leave many, many people in flux. david: a huge disappointment to the president. this was a signature achievement of his tenure thus far. where do things stand with his plan to allow undocumented immigrants work in the u.s.? ellen: it is all frozen at the moment. or a lot of it is frozen. taking it out of the political realm for a moment, for companies, it is a problem. because they have employees who are here

david: and i'm david gura. you can listen to us on the radio.he global economic section, a look at what is in -- what is at risk in the spewed over the south china sea. >> there is an application for the united states and every other coastal nation because we have a 200 mile exclusive zone projecting from our shores where we have exclusive use of fisheries, an exclusive right to drill for oil, subsea mining, and those claims extend only if it is a habitable piece of land. david: meaning was exactly? -- meaning what exactly? >> meaning you can live on it, it,hat people have lived on and that it could sustain human life without outside intervention. you could grow crops and have freshwater. the decision of the south china sea implies, that is a high bar to meet. and some of the islands around which the u.s. has an enormous exclusive economic zone might no longer be entitled to it if judges and arbitrators decide to follow the guidance of this tribunal. david: looking at the mass, an incredible amount of ocean could be called into question. >> the

david: i am david gura.in this week's features section, how under armour is changing its supply chain. david: in transforming its hometown of baltimore in the process. carol: we spoke to reporter rachel monroe. rachel: they are building a new club in baltimore, which is the heart of their new headquarters, which is a huge, new neighborhood that kevin plank is essentially building from scratc it is part of a 20 year plan to really re-shape the company. and it reshape the city of baltimore at the same time. david: talk a bit about the growth the company has seen the last two decades. it has gone from kevin plank literally driving up and down the east coast to a really big enterprise. rachel: i think he said he put 100,000 miles on his car that year. firstjust running it out of his grandmother's basement. at this point, under armour has taken over adidas, so they are the second biggest athletic wear company in the u.s. they are projected -- they had $4 billion in revenue last year. it is growing every year. bre

david, over to you. david: can't blame them at all. here to weigh in, former federal prosecutor doug burns who used to work with loretta lynch. how could somebody as seasoned as loretta lynch made such a colossal failure unless bill clinton was very worried about the way the case was going. >> i heard somebody use the word flabbergasted. i will repeat it. i know loretta lynch. i worked with her. people are mixing apples and oranges. apples, did they do something improper? everybody seems -- david: yes. >> well improper substantively about the ongoing case? no. did it -- david: we don't know that, doug. we don't know. it was in private. that the is whole point. if they met on the tarmac with fbi agents within earshot, it was private. >> i've been doing this 31 years and i'm pretty good at guessing i'm going to guess they didn't discuss the case if she did that i would be shocked beyond times 10. however, the appearance of impropriety to a lawyer is just as important. so i can't be on a train as i have, doug, why don't we walk over to th

david: appreciate it. david: melissa? melissa: gas shares up 4% after hours, the retailer reporting a surprise rise in same-store sales for june. higher traffic and strong start to the month. the stock down about 12% on the year. david? >> the veepstakes is taking center stage now. the candidates' short list are narrowing down the possible players in the vp race next. >> i like that too! we like newt. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free. approaching medicare eligibility? you may think you can put off checking out

david?donald trump currently holding a town hall in scranton, pennsylvania, slamming hillary clinton on trade. gop nominee says clinton was only against the trans-pacific partnership the trade deal in order to win the nomination. like burman live from philadelphia, latest what trump is doing all day. all day taking headlines away from democrats. reporter: this is issue for hillary clinton today. donald trump trying to capitalize on this tpp. of course 12-nation pacific trade deal. the white house has been pushing it. president obama says it will lead to jobs here at home and better regulations overseas. the bor unions though oppose this. donald trump opposes it. bernie sanders opposes it. hillary clinton, the secretary of state, hillary clinton, was for it. now as a candidate she opposes it. however this whole issue reignited once again yesterday when top clinton confidante, terry mcauliffe, current governor of virginia, also a member of one of the clinton inner circle, was asked about wheth

david: dr.g, so many americans thought that one thing that would bring this nation together, would bring the races together more than anything else was having a black president and in fact things seem to have gotten worse in terms of racial tensions since he has been president. why is that? >> we have been deceived too long in america that skin color is the issue. and so we elected skin color but we've got to now go past that. and we can not fight and divide over the color of our skin. we've got to deal with the content of every character. to god, you know, human life is sacred. god loves everybody. so god's love matters for every human being. every human being. david: you know, the last night's demonstration was cosponsored by "black lives matter." of course the very name of the organization itself does single out a particular race. are they helping or are they fanning the flames of violence in this country? >> well, we have to be watchful for people looking for opportunities and the profiteeri

david: i'm david gura. us on the radio on sirius xm and a.m. 1130 in new york, 99.1 fm in washington, d.c. carol: let's get back to the politics and policies section. focus on the upcoming republican and democratic conventions. david: earlier we talked about the role that donald trump had on the republican party and now we will talk about hillary clinton and the effect she is having on the democratic party and democratic voters. carol: we will talk to peter coy. peter: america is a land of contradictions of many different interest groups. a party that appeals to just one interest group is always going to be a minority party. if you want to win, you have got to pull people into your big tent. so there is a message that can appeal to some business people and some union members and some you know, i do not. carol: it has worked before to some extent. peter: it has. somebody leaves one tent, you pull them into the other tent. so i do think that clinton can have a pro-business message without seeing mass defectio

david? david: due to hot weather as well. breaking the record, not in a good way, the dow snapping its nine-day winning streak. let's bring in today's market panel. jason rotman, lido isle advisers. kevin is here, kevin rotman from recon capital partners. kind of wrong on the prompter there. jason, nice you can come of off a streak like we had, with a downturn not a real big selloff, isn't it? >> exactly. first thing comes to mind, david, this is your classic, classic wall of worry scenario which is what happens when the market keeps on trickling higher with people just scared of some next unforeseen event that never happens. market up nine days in a row. in is minimal pullback in front of a very important fed meeting. nothing to be alarmed at. david: k kevinwe had good economic news. liz was talking about that earlier. next week fed meeting. i'm not hearing anything about a fed rate hike. if they will not raise rates now, when will they? >> that is hard to tell because economic data is coming in mixed. hard to say fed can ra

david: i am david gura.tion, the nfl may be recruiting players from joystick to pigskin. carol: we spoke to a reporter. it is professionalized video gaming. it is people playing games ranging from games you have probably seen before, sports games, all the way to games with potions and sorcerers and goblins and orcs, things that if you watched you would have no , idea what was going on. carol: it is a big industry. >> it is a huge industry. they sell out nba sized arenas. some of these matches on digital streaming get over a million viewers, which a lot of american sports and entertainment people would love to have for their average viewing. it is a massive business. sponsorships, there is tv rights. all of it. it is a fully fledged, getting to be very mature sports industry right now. david: we can debate the sportsness. but let me ask you, you write about how professional sports are getting into this leagues , are getting into it. where do they see value? eben: the real value they see is in the demographics

wonder if they feel better, david? david: we'll see.something bordering on chaos in philadelphia. bernie sanders preparing to take the stage at dnc but his supporters remain divided over hillary clinton. can the vermont senator turn it all around? it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free. melissa: quite a lot of drawl that on the first day of the dnc. we're hearing bernie sanders supporters might be making things interesting tonight. ben winkler, kelly rydell is back with us. he reached out to the clinton camp. he is worried his peop

i'm david asman. melissa: and i'll melissa francis, we've got you covered on the big market movers but first here's what we have for you this hour. we are just two short hours away from the delegate vote to officially name donald trump the republican nominee. sources just telling fox, though, they aren't sure how tonight's going to unfold from who will provide over the vote to what ted cruz supporters will do. we're going to take you live to cleveland this as we're monitoring protesters gathering just outside the convention arena. we've got a busy hour for you with some all-star guests, including former presidential candidate dr. ben carson, who is speaking at the convention tonight. we also have ron paul for you. david: well, back to the markets. first, the dow managing to eke out another record close for the sixth straight day. other markets were down. but this marks the longest streak of record closes since december of 2013. phil flynn, price futures and a fox business contributor watching the acti

david? david: as we mentioned the minutes from the federal reserve june meetings showing more vocal group of doves for the fed, wanting to delay another hike out to the year 2097. let's get their market panel. david dietze from point view wealth management. and kevin kelly, recon capital partners. i exaggerated a little bit, david. you know what i'm saying. when the hell will they ever get the backbone to do what is necessary to put in a rate hike. >> that is not at all clear. investors grappling with the "brexit" uncertainty they took a heart in little uncertainty as the federal reserve has up its sleeve. one of the big bogey men of the market, higher rates seems to be off the table. we could see accommodative policy if the flight out of the pound and euro pushes the dollar to the point where it becomes too strong -- david: yellen, talking about negative interest rates, i don't want to go there, but kevin, the fact is savers in this country, and that is a lost old people and frankly a lot o

david: it is ours.issa: david's. >> we love you. >> i'm shocked at some of the things i'm hearing. 40 million units sold? their competitors can't walk out with those kinds of numbers. that is before the release of the iphone 7 which is going to be a bigger change than iphone 6s. there will be more sales because usually more excitement. people have waited to upgrade. i don't -- melissa: oh, i hear jonathan. >> go ahead. >> yeah, i'll just offer the counter, melissa. nobody is disputing apple is amazing successful company. a company and a stock are two different things. i would use yahoo! as example after company grown last six teen years yet it's stock is lower than where it was since 1919. you might see profits expand but valuation -- >> i can't believe you just mentioned apple and yahoo! in the same sentence. i'm shocked. >> apple was i don't who in 1999. melissa: i live in apple ecosystem. david: there are a billion people that do. a billion people! not just me. melissa: okay. gary, weigh in here. are

david: good evening, i'm david asman in for lou dobbs tonight. attorney general loretta lynch today admitting her airport meeting with former president bill clinton has quote cast a shadow over the f.b.i.'s investigation of hillary clinton's email scandal. speaking to the aspen ideas festival she conceded the meet was bad optics. >> my meeting raises questions and concerns. so believe me i completely get that question. but it we willy was a social meeting. president clinton does not have a bearing on how this matter will be reviewed, resolved and accepted by me. david: but the attorney general said she'll not officially recuse herself. she says she'll accept whatever recommendations the career prosecutors and the f.b.i. director make the case. donald trump is not buying loretta lynch's explanation. he said it's highly unlikely a social meeting would have lasted a half-hour. he was talking about golf and grand children. i love my grand children so much. i love, love, love that one. and look at the beautiful. i love these kids. after that what are

david?: turning to weigh in on the white house is a man who understands leadership in politics and business. eric cantor served as house majority leader from 2010 to 2014 and is now a managing director in new york. you look at these men looking to be frontrunners for vp. mike pence in front. he is someone with whom you serve more than 10 years. are you happy with that as a pick? eric: listen, mike is a solid guy. he is a consistent conservative. lement to thecomp trump candidacy and will provide a moral compass that might always provided in the house. if it is mike pence, it is a good pick. your: donald trump wasn't pic any famously that he wouldn't win a primary. now he is the presumptive nominee. is there something he could say it now to make you more comfortable with him as the nominee? eric: i was cochair for jeb bush and i am a big fan of jeb's. he had served in office and demonstrated ability. we will have to see with donald trump. donald trump -- he doesn't have a record in public ser

david.avid: joining me to talk about this but also to talk about the terror attack over in munich, governor mike huckabee. former governor of arkansas and former presidential candidate and also fox news contributor. governor, first of all, newt gingrich, we have been mentioning how the market barely moved on the news of this terror attack in munich. the question whether we've become accustomed to this sort of thing. newt gingrich spoke to this point very eloquently at the convention. let's play the sound bite and get your reaction. >> we can not let ourselves grow numb to these accumulating atrocities. let's be clear. donald trump is right. we're at war with radical islamists and we are losing the war and we must change course to win the war. david: isn't there a danger, governor, we've already become a little numb to these terror attacks? >> oh i think we have become numb. let's face it, it doesn't mean just terror attacks but anything that happens over and over no longer is breaking news,

david: and i am david gura. the rio state is broke.w, the governor is selling his own residence. >> the pension system, selling off to the highest bidder, and this was, let's say, a unique asset. it was built in the early 20th century by one of the richest men at the time. carol: this is on an island. a pretty exclusive place. right? >> yes. it is completely isolated from the rest of the city. it is covered with jungle, used to have these big feasts and peacocks roaming around. the elite went there for parties. and, you know, it is part of the state government's effort, let's say to put on a , brave face and show they are cutting their some of their own flesh, as well. it will not fix the problem. it is a demonstration that they are selling off their own assets as well. carol: is it likely to sell? what could it go for? they are hoping to close a bit of the gap that rio is facing. david: it is tough to say. the executive is in charge of selling this property. he was really -- first of all he , was unsure about if he was willing to sell

david: this is bloomberg. ♪ david: this is "bloomberg ." i am david westin.r off the charts. june 23 referendum in the u.k. had tangible impact on markets around the world. abigail doolittle is here to walk us through it. take me through it. abigail: this is a great chart. especially for hard-core finance guys and gals. 10-year corporate spread. this is the difference between the 10-year bond and treasuries. david: from up to way down. abigail: yes. the way your corporate bonds are selling off relative to treasury, it is really a good example of risk-off, risk-on. in blue, we have the s&p 500, trading in an inverse manner. on the brexit that you were just talking about, we did have a blowout just a bit. david: you see it spiked up, although not -- abigail: that is what is interesting. it did spike some, but nothing close to february. even though we have had this selloff in brexit, nothing close to february. david: at the same time, there is sell -- abigail: but nothing close to february. we have had a little bit of a rebound, but we refer back to february, we

david: i'm david asman, this is "after the bell." got you covered on the markets, first here's what else we have for you this hour. on a day when hillary got a pass fr the fbi on indictment, president obama's hitting the campaign trail with hillary. the former rivals appearing together hours after the fbi announced despite her quote extreme carelessness. the fbi would not recommend charges against the former secretary of state. >>> and fresh off several meetings with possible vp contenders and will take the stage with one of them later tonight. melissa: back to the markets, the dow and the s&p ending longest winning streak since march as the dow finishes off of session lows. phil flynn of price futures group and fox business contributor, lori rothman on the floor of the new york stock exchange. tell me about the sell-off? >> brexit jitters came back, a typical risk off day, off the worst levels, down 150 at the worst point, and oil down about 5%. so the dow, the s&p closes off 7/10%, similar story for the nasdaq composite index. you

david and melissa big day for earnings, guys. david: it is. whether called a trump rally or northanother record day. dow ending all-time high for fifth day in a row. nasdaq soaring to a new high for the year. we're awaiting second quarter reports from heavy hitters netflix and yahoo!. that is due out any moment as soon as we get numbers. i'm david asman. melissa: welcome back, david asman, i missed you. this is "after the bell." we have you covered on big moves in the markets. here is what else we have for you this hour. republican convention on the way, an event billed as a convention unlike any other in history. the gop is looking to bring together a divided party to take back the white house in november. this as we're getting news there is still a fight for ted cruz's name to be placed in nomination to go up against donald trump. protests for and against trump are growing outside the convention center. we're following it for you live with reaction from cleveland. david: let's get back to the market consist. dow ending day with fifth straigh

david: you look at the pokemon go phenomenon. carol: david is playing it. we focus somewhat on what this means for nintendo. much on what this means for nintendo. >> the company that developed google.e is niantic of google earthed on type projects that have translated well into this game. it is sort of son of google kind of thing. you guys talk about donald trump and his support in silicon valley, specifically peter teal. >> we have a fascinating story about peter thiel, his own kind of guy in silicon valley. mention a statistic, something like 70% of donors in silicon valley give to democrats. is supporting donald trump this year and spoke at the convention. , he is gay,igrant he has not been a traditional republican. he finds his own way. we talk about why he would be supporting trump and why this might be good for his business. david: what about this public platform for him? the role he's been playing in ae lawsuit against gawker -- very prominent, big role for him. >> it is. some people suggest he actually wants to embrace chaos right now. he wants to b

david? >> gio benitez tonight, thank you. >>> and this evening, there are also new images emerging of the horror in dallas. what appears to be the gunman on the sidewalk, taking aim. it comes after pictures like this one already, police running in to help the protesters. five officers were killed. we are also learning more about the gunman, his final words to the negotiators and what he wrote in his own blood. president obama arrives in dallas tomorrow with the first lady, and former president george w. bush. abc's matt gutman in dallas tonight with those haunting images now coming to light. >> reporter: tonight, a harrowing moment coming to light. you can see the gunman approaching one of the victims. you can hear the gunshots. we're not showing you those last deadly shots. as we learn about the bombing micah johnson may have been planning from his middle class home. >> one of the bomb techs called me at home to describe his concern of how large a stockpile of bomb-making materials he had.

david: david, thank you very much.up in the next 20 minutes, full steam ahead for the presidential race. the rnc wrapped up in cleveland. we will examine trump's strategy going forward, and the guessing game continues. pandora's earnings reported flat. up 2/10 ofee the dow 1%. %.e s&p up about 1/3 of 1 the nasdaq up 1/2 of 1%. ♪ >> yes. by all accounts, we talked to democratic insiders, talking to republicans at the republican convention. what you think is going to happen. the most far and away often named pick and no one in the clinton campaign waving off of that. of course the danger in these situations -- you could be almost right and not be right. in the last couple of days, new jersey senator cory booker torged as someone so close the clintons is said, don't forget about him so soon. he has been serious up until the end. was presidentaine obama's almost choice for running mate he's become a lot more seasoned since then and he offered some important attributes to secretary clinton. all of that is probably under con

david: the market fever. this is bloomberg. ♪ david: this is bloomberg markets, i'm david gura.nie: i'm vonnie quinn. and now look at the biggest business stories in the news. logarithm hired morgan stanley and j.p. morgan chase to help prepare to go public. the investors include siemens ag, access venture partners and piper jaffray. possible as early as next year. vonnie: the fourth round of job cuts this year, to more than 400. reductions are scheduled to happen between august 31 and december 29. traders and sales personnel. david: sergio ermotti's drive to cut costs includes a partial hiring freeze at his wealth management business. restrictingirms supplied only support functions and not client advisors. to trimeen pushing costs after first quarter profit dropped 60%. that is your business flash update. nintendo's newest game, pokÉmon go is sweeping the nation, soaring to the top of download charts. it sent nintendo stocks joining us -- soaring as well. cory johnson, if i were to hold up my camera, i would see a jigglypuff on your shoulder. why is this so big? cory: it's one

david: perception of it.ms of donald trump alienating a lot of the latino voters, which would be so important in some of the swing states. peter: the latino vote is big and growing. up until this election you could imagine a scenario where as jeb bush was hoping to do, --ublicans would drift people would drift toward the republican party in the same way that other ethnic americans, italian or irish americans in the past -- carol: we have seen that. peter: it has happened. expressdid not always themselves as latinos. why should a mexican-american call himself a latino? it is a matter of self trump isation, so the latinoed identity on people who may not have had it and it is negative toward the republicans because they are perceiving themselves, even second and third generation hispanics suddenly say, you do not like me? i do not like you. carol: that can stick beyond this election cycle. peter: there is a phenomenon in physics, like a magnet. hunk of iron and put it in a strong magnetic field, it monetizes. wh

david: the u.s.e they settle agreement to allow the beer merger to go through -- allowing b inbev to merge with sab miller. we are looking at live pictures of donald trump. he is there with mike pence. donald trump and mike pence scheduled to hold a rally in cleveland this afternoon before heading over to the quicken loans arena in downtown arena for more of the proceedings of the republican national convention. it was pretty remarkable -- he arrived the helicopter. donald trump, who has spoken every night of the convention. no word if he will be speaking tonight. we're expecting ted cruz, his former opponent, to address the convention there in cleveland tonight. that onwatch more of live go, of course. still ahead on bloomberg markets, the commodities close is coming up. francisco blanch appeared on bloomberg tv earlier today. he is saying there is political risk building into the gold market. should we be watching for more movement out of the safe asset? we will find out ahead. this is bloomberg. ♪

david: yes, sony.er story in new york city, central park, find these videos online. people found a rare pokemon in central park and they all crowded around and this is the next generation and airplane pokemon go and running into central park. david: my son plays every evening to collect pokemons. isathan: the other story that they call in the bond market, that 1% on a u.s. 10 year yield and the story is how bad expectation could be in the bond market. the conversation i had with someone earlier is why is it always so bullish? the bond market is always so bearish. they say yield is higher, but at the beginning of this year, i forget where we were and there are calling for the 10 year yield to hit 2.78% by the end of 2016, a medium estimate in a bloomberg survey when we were at 2.27%, but this is the last 20 years story. it is just like that for the last 20 years or so and i wonder why they keep getting it wrong that in terms of forecast. alix: it is true. i remember the poor bond bears got totally run d

david: appreciate it. can read the story in the latest issue of "bloomberg businessweek" magazine. commodity markets are closing in new york. julie has been watching some of the commodity movers, and we've had one or two today. julie: let's start with oil prices, really affected by the mornings inventories report. holding pretty steady and then down off a cliff after we got that report, so it initially took a leg lower and then continued and it has been bumping along the bottom. to date into it, let's look at the bloomberg. change --e weekly things like heating oil, and other words, the refined product. if you look at oil and go to this side of the chart, you sought a drawdown in inventories. anything below it is a negative change, but at the same time, you had an increase in gasoline inventories. this implies demand for the refined product is not as strong, and that is what put pressure on those oil prices. we have been watching copper as well today, copper having a big game today, the most since april, u

david? >> all right, david wright with us on the campaign trail. thanks, david. >>> next tonight, to severe storms hitting at this hour. warnings and watching up right now. already fierce storms in the last 24 hours in texas. heavy lightning and rain there. it's firing up again tonight. let's go live to meteorologist rob marciano at this hour, live out in central park for us. rob, what are you tracking? >> reporter: david, some of the same areas that got hit last night getting it again tonight. the northern plains, already two reported tornadoes there. storms rolling through minnesota. storm watch up for iowa. the carolinas getting it again, and kentucky, another round of severe weather tonight, including flash flooding. the heat, that's on, too, from new york to new mexico, heat indices up and over 100 degrees. and again tomorrow, across the northeast and some of those big northeastern cities will not only have the heat, but poor air quality for at least another day. david? >> rob marciano with us tonight. rob, thank you. >>> we're also tracking t

david: thank you so much.ng up, u.s. equities are going for a fourth day of gains with the dow in the s&p 500 at record highs as we enter earnings season. could a decline in quarterly earnings throat cold water on the bull market? gina martin adams will join us with her outlook when we return. this is bloomberg. ♪ julie:on: from new york city, this is bloomberg. at -- are at all-time highs. at the moment, futures are firm, up about 1/10 of 1%. in europe, a fifth potential straight day of gains. here is the situation in the other asset classes -- dollar-yen is very neutral right now. monday andare up tuesday, the worst two days for treasuries so far this year. you may have record highs in stocks but what is leading the gains? utilities, consumer staples, low volatility stocks. the s&p 500 versus low volatility stocks. they are not supposed to correlate with a lot of risk. the white lane is this a white line is low rate and it's outperforming the overall index. how does this make sense question mark gina martin

it turned out, david dooley was not a match. in the local media, janet called for him to be freed. >> we've been telling everyone he didn't do this. nobody deserves to be accused of a crime of this magnitude without something to prove that he did it. >> reporter: but even without forensic evidence tying david dooley to the crime, prosecutor linda tally smith remained confident, deciding to move forward with the case. this past september, david dooley went on trial for murder. >> the truth is, there is no smoking gun. there is no one fingerprint. there is no eyewitness. >> reporter: so just what did the prosecutor have on david dooley? >>> coming up -- >> our belief has always been that david dooley was in the middle of breaking into her office when she came up the steps and surprised him. >> a break-in? what was he after? and how could he have managed such a spotless escape? >> a clean pair of jeans, clean shoes. - listening to music in the shower can help you conserve water, so start your favorite song when you get in, and when

this is bloomberg. ♪ david: this is "bloomberg markets." i'm david gura.a: i'm amanda lang and we are less than two hours away from the fed decision. be sure to keep it on bloomberg tv and radio for our live coverage. let's look at the currency effects. let's look at a hawkish tone and what it means for the dollar. vincent joins us today in the fx roundup. in terms of what we are looking for, we know with great certainty that there will not be a move, but the statement itself. you think they need to get a little more hawkish in order to start to move the dial for december rate hike. vincent: they keep saying that every meeting is live. you cannot have a live meeting if expectations are so low. expectations for september 2015 were down around 35%. that may have tied the fed's hands and taken that meeting off the table, which move them to december. when december came around, they had the dollar right at 50%. if they want to keep's attempt to live, i think they need to do the same thing. david: what are currency traders doing in advance of this decision t tod

david zervos and david kelly, thank you.are not playing games with nintendo. shares in soaring 57% over the last three days. -- shares in soaring 57% over the last three days. ♪ david: this is "bloomberg ." we want to end with talk about nintendo and pokemon. nintendo stock shot up 57% because of this new game called augmented reality were people take their smart phones and go out into the real world to find these pokemon they can collect and fight against each other. by 14-year-old son first introduced me to this on friday when he said i'm being summoned to this thing, he went to a park , engaged with his friends -- is or is this a fundamental transformation away from video games that are based in units that you buy to your smartphone? nintendo market cap or has jumped 58% in just days. they have been busted because they were not licensing their programs to other consoles -- now, they have found a different niche. jon: can we put a five-year chart out? you beenhat take up all the way out on a five-year chart, the move h

david? >> gio bit >>> and as they now call for the justice department to get involved there in minnesota, in baton rouge tonight, the feds are already on the scene, as outrage grows there, as well. a father of five tackled by officers and then moments later, they fire multiple shots. tonight, abc's byron pitts is there with the video, the moment it appears an officer reaches into the man's pocket. >> reporter: today on the streets of baton rouge, a mix of seething anger and steadfast solidarity. as investigators examine every frame of this fatal encounter, they're looking at footage from other cameras. you can see the two surt scam ares from outside the store. it would have captured the incident from the moment the police arrived, to the moment alton sterling died. so, your camera shows the front of the store? >> the front of the store. >> reporter: so, everything that happened. >> it would have showed everything. what made you decide to start rolling on that? >> i seen that it was getting b

david: the u.s.e easing restrictions on travel to cuba, but executives from trump organization may have been impatient and went before it was legal. we ask if they violated the cuban embargo. the reporter who wrote that joins us now. a bit of background, what has donald trump said about his desire to open up business in cuba? >> he was asked a few times about this. he has basically said he's interested in doing stuff down there, but not yet. in his telling, he would have to take a minority interest to comply with cuban law, and he is not interested in doing that. vonnie: talk about what you can do down there, $78 for a round of golf? >> until january of 2015, if you wantedu.s. business and to go look into perspective investment, you were out of luck with a few inspections -- expections of medical supplies or food. it was difficult to do business in cuba. that changed quite a bit in january 2015 when the obama treasurer department loosened up regulations. now american citizens can go down there to do

david? >> alex perez in louisiana leading us off. alex, thank you. >>> we are also tracking severe storms hitting right now. a tornado on the ground as we come on the air tonight, the pictures coming in from nebraska. in fact, storm and tornado watches are up in a dozen states amid triple digit heat elsewhere. let's get right to meteorologist rob marciano with the track of these storms tonight. rob? >> reporter: good evening, david. we'll get right to that severe weather. tornado watch up for the northern plains. as you mentioned, already one reported on the ground in nebraska. could see a couple of strong ones in the next couple of hours. also watching tennessee valley and coastal carolina. tomorrow, the main threat is from minnesota in through indiana. of course, the more wide-reaching story is that extreme heat, from new york, all the way to texas. heat up and over 100 degrees. could be the first official heat wave for the new york area with temps over the next three days in the 90s. and

as a result of that -- david: this is bloomberg. ♪ david: this is "bloomberg markets."ime for the bloomberg business flash. by comes biggest shareholder is selling a stake in paramount pictures. viacom is said to be in talks to sell 49% to a chinese group. samsung electronics and talks inut investing electric car manufacturers. samsung sees the investment in b yd as a way of bolstering its semiconductor business for cars. microsoft will not meet its goal -- the company says it remains committed to the goal but it will take longer to achieve it. flashs your business update. we offered her perspective on investing in the eurozone. >> this is a very sensitive time for europe, really a reflection point for europe. they not only need to deal with brexit, but a big issue developing there is the fragility of the banking sector. since the financial crisis, banks have increased their capital buffer. however, in europe, these increases have been much lower than what we've seen in the u.s. are of the european banks still undercapitalized and that's why we see the pressures we are