a little bit of aig west. overall things are really , really improving as we move into the week. here's a look at where we stand temperature wise this hour in the nation's capital. it's 76-

coming up, aig chief investment officer doug dachille weighs in. and joining me here on the panel, cnbc's michael santoli. courtney gibson is here. and jim bianco michael, so, we should put up the intraday charts here to talk about what just happened they had the announcement at 2:00 they are raising rates and then we had the press conference begin at 2:30 it was during that press conference that the market's reaction pivoted actually more from a dovish to a more a hawkish response >> yes i think it was a matter of janet yellen, she didn't take the opportunity of looking at this pullback in inflation readings and perhaps a slowdown in the economy and the poor retail sales. she didn't look at any of that and say that's going to cause any kind of reassessment of what we were trying to do here. with getting another rate increase into the books this year whether you believe them or not, she didn't strike that tone. >> it's not just that they said they're going to raise interest rates. it's not just she said they're going to start declining the balance

he is one of the biggest holders of aig stock.nts to give him time to improve the company performance. sureys he may reduce buyback, raising questions whether he would support him. haidi: bhp opening a of credit for its joint venture in brazil. it will have access to more than $150 million with plans -- funds released as needed. the mine has been closed since november 2015 after an accident that killed people and polluted waterways. the reopening process has been delayed due to a water rights dispute. china, theght, in reference rate. >> strongest level since november. 6.7744 is your fix. ,t is not entirely surprising but especially the move overnight and adjustments in the majors. have a look at futures right now. not that given the drop we are seeing across equity markets. an adjustment lower here in that so a stronger fix from the pboc, strongest since november. rishaad: thank you very much indeed. joshua wong joining us next after his release. this is bloomberg. ♪ our next guest is a joshua wong, one of the key leaders of the

a lapse of aig days.covery has residents unnerved. >> it makes me leary like who's doing this? it's so close to home. maybe it will happen again. >> residents say the laundromat was torn down a year ago and based on the deposition, the body was here that long. many are in disbelief. >> it's sad. it's a body we didn't know was here. that's real sad. >> police are looking at the remains for a possible cause of death along with dental records and dna to hopefully identify this person. christie ileto channel6 "action news." jim? >> thank you, christie. a delaware county teenager is in hospital after being pulled from a swimming pool this afternoon in ridley township. rescue crews prepare to transport the victim from the 600 block of agnes avenue. they say he was breathing but unconscious. no word on how long the victim was in the water. >> federal drug agents were on the job in salem county putting a dent in the opioid crisis and trying to protect themselves from the dangers of handling fentanyl. annie mccorm

like firecracker going off and we looked down and saw smoke coming up and people screaming and run aig way from the screen. it was pretty scary. >> police detained and questioned the repo man. no word on what if any charges he may face. a dog was also struck and killed in the crossfire. >>> happening now, new details about a police involved shooting in juniata park. police say an armed man who was ride ago dirt bike died after he was shot by an officer. tonight police are working to piece together exactly what happened before the shots were fired. fox 29's shawnette wilson is live at the philadelphia police headquarters with the latest. shawnette. >> reporter: dawn tonight police still have not released the victim's name, but they continue looking at surveillance video to find out exactly what happened in the moments before this deadly shooting. >>> skyfox over a violent and deadly scene. police in route to the special victims unit with people in the pa control car for a man who ws driving wreckly on dirt bike. the officer stops the man and says he reaches for his waistband. >> when th

my experience was that really pled nicely into the office of transition initiatives in the regular aiggrams looking at the whole territory you are trying to impact. what likelihood do you think there is that those models bso and lp would be viewed as important tools and be expanded because of that? >> that's a great question. we've just had a new usa administrator nominated, mark greene, he is a very exciting development and he in particular recognizes the value of programs like this they do cross the security government nexus and my sense is he'll be quite interested and in general, there's the perception among this administration that we've tried too much to treat development in isolation and that we need to try more closely to our broader objectives, for national interests. certainly, within the special operations immunity there is quite a bit of interest in the general concept of village stability operations afghan local police. at the same time, there's pressure to keep viewing the surgical strike type operations. it will depend, i think, on high-level leadership and administratio

aig said his independent investigation is still ongoing. very expensive mistake. >> thank you.he latest from the business world for its time for the press .eview -- world -- it is time for the press review. a look at some of the papers. focusing on french politics today. with extraordinary moment what is coming up on sunday, the second round of the legislative a vote. the business paper is leaving on this as so many of the french papers. it is saying what we will expect is a tidal wave of support for macron and his new party, la republique en marche. you can see very complex, full coverage in the basic message is 470titled wave will of the seats out of 577. that is the latest opinion poll is slightly more than what we have been. the comment is, in his wish he will be president of all the french is almost true when you consider that statistic. the downside is people have not been voting, one into voted last week. >> one pointed out there will be a lot of new mp's with little experience. >> it is saying what we are seeing are novices knocking on the door of the national assembly

bruce: that's exactly what the united states treasury once asked me about aig. i don't know. you will have to ask everybody else. i've studied aig for decades, and i understand the franchise, the global franchise. sears.e same with i can't explain it. the math is there. it's a psychology that the company is not capable of transforming. i believe the company is going to prove to speculators who are proveng the company -- speculators who are shorting the company wrong. as you see today with amazon taking over whole foods, there is value in the physical world. there's -- all the different channels merging together. this on the channel presence -- this omnichannel presence. everyone is going to have to merge into this ecosystem. erik: if there was one mistake you made on sears, what was it? bruce: my mistake with sears is the same mistake i've made with almost every investment in my life. i've suffered from severe premature accumulation. erik: [laughter] bruce: i may have set the record with the sears investment, st. joe. it's been 10 years. erik: let me ask you abo

a little bit of aig west. overall things are really , really improving as we move into the week. here's a look at where we stand temperature wise this hour in the nation's capital. it's 76- degrees with the winds being very calm and elsewhere temperatures are into the 630s and into the low 730s and as we shape it up for you tomorrow here's a quick look at your planner and what you can expect by mid day. plenty of sunshine the seven day forecast on the other side. back to you. >> now to the senate tion controversial billion to repeal and replace obama care. mitchell mack quonl says he wants members of the legislature to vote on the billion this week . right now he doesn't have the votes and at least five republicans are also against it we're hear more now from fox's garret ten nivment. >>reporter: senate majority leader mitchell ma konl has a loft work ahead the next few day s. five republicans have already said they can't of other senators are still on the fence and could go either way. one point of concern for a number of senators is the proposed cuts to funding for medicaid. on

steel, kimberly clark and aig. what's more interesting, many like general motors, united technologies and sears and accenture, have off loaded those obligation, shifting them to insurers like prudential financial and met life. it maybes the employer's balance sheets less volatile and creates a source of growth for life insurers, which have struggled amid low rates. >>> still ahead, the pocket of weed can i recall at the c. >>> the food and drug administration is taking steps to increase the number of generic prescription drugs on the market. the agency said the move would make medicines more afford bable. while the fda does not have the power to evaluate prices, it can help with market competition. >> we're looking at plac of gen competitors. we're going to publish a list where there is only one generic drug on the market. wee going to be prioritizing the entry of new drugs into a category until there are three competitors because we don't see the big price breaks for cons e scheduled a meeting in mid july to di di

they made cross country caravan hitting the mountains the desert and ride aig cross the midwest fearing it could be their last trip together. >> in case the worst news was delivered when i got here i wanted to make sure we got some really, you know, cool adventures. >> reporter: that operation happens tuesday and while they're both nervous, david says he's forever grateful. >> it's very nice to see how many people have really -- i mean like thousands at this point have come together to try and make things happen for all of this. >> reporter: david says bones will have to heal from the surgery for a few weeks. they plan to stick around and celebrate the fourth of july together before heading back to california. in havertown, dave kinchen fox 29 news. >>> hope the surgery goes well. tripods by the way can leave very happy lives. >>> victim of violent attack posted on social media speaking only to fox 29 tonight. a group of kids cornered mark smith who has intellectual challenges and attacked him on germantown avenue two weeks ago. his caregiver pam pendleton cannot bear to watch the video

they're creeped out by with the idea of this guy lurk aig round their front porch. they want him caught. as for the stolen goods, would you say you'll miss these flowers at all. >> truthfully, no. >> reporter: if the creep in that security camera video looks familiar by all means calling ledge beth will he hmm township police if you want to kathy' flowers, keep them. they're probably safer in your hands. in bethlehem township, bruce gordon fox 29 news. >> so funny. you see it you shoot it our fresco users are helping us show what is going on in your neighbor. iain what you got. >> lucy beautiful day for football game in delaware coun county. fresco user emma takes us to the county's 41st annual hero bowl community came out tonight to watch all star football players they played at cardinal o'hara high in springfield and all the money goes to the hero scholarship fund of delaware county that supports children of local police officers and firefighter who's died in the line of duty. thanks to emma fresco user lamar takes to us crescentville putting the finishing touches

hank greenberg who ran aig said, why don't you come over here? i could think to myself was, to go from sandy to greenberg, you would have to have your head checked. [laughter] jamie: a bunch of private equity folks. jeff bezos called me up, was looking for a president. i love the guy and we have been friends ever since. i was thinking, i would never have to wear a suit again. i am going to get one of those houseboats in seattle. i loved what he did. it just was beyond -- i spent my whole life in financial services. it is like playing tennis your whole life, then going to play golf. i love the guys at home depot. i went down to have dinner with bernie marcus, arthur blank, and kim langone. i said, i have to confess to you guys. until you called me up, i had never been in a home depot. [applause] jamie: a guy who i worked with said, jamie, you have to go to one before you go to the dinner. [laughter] jamie: they did not care. they said, we want you the person. we are not interested in what you know. we are looking for the heart, mind, and spirit. w

obviously that's aig reason it was a story. lauren: the organic food cheaper essentially.hree humans. cheryl: i like it as a consumer, but the job loss. it is going to be a very busy day. let's send it over to maria bartiromo. >> happy tuesday to you. good morning. i am maria bartiromo. it is tuesday, june 20th. 6:00 a.m. on the east coast. president trump takes aim at north korea after otto warmbier dies days after turning to the united states severe brain damage. the company that took into the country now saying it will no longer take americans there. he tragedy like this should never be repeated. on capitol hill, a push for reform. "wall street journal" that the health care boat taking place next week are holding firm tax reform will also get done this year. >> i have no higher priority than having tax reform done this year. we are working every day with the house and senate. we are committed to get this

this is aig challenge that republicans are facing. let me paint you a picture about the obstacles. the senate is working on health care. they will try to finish it at the end of this month. there are 22 working days until the august recess. before september, they have to if nothe debt limit, shortly after. by september -- they also have to invert the government struck down, except things like the -- flood insurance. these are difficult things for republicans. time is not on their side. that's why speaker ryan is trying to inject into this. >> that something had talked with the treasury secretary this morning. kevin cirilli, let me ask you about what interface has been like between lawmakers and the white house. how they are working together on tax reform -- what are you hearing from your sources at the white house? >> -- your interview was great, it painted the picture that he would have to go to capitol hill to get everybody on the same page. last week i interviewed mark meadows, the ultraconservative leader in the house of representatives to lay out his tax policy principle. we'l

all of these things played a role in the financial crisis, including aig, who had been the hugest seller of out of money puts in the sense that unfortunately did come home to roost in almost took down the financial system. ideas did lead to a period of deregulation. the other thing i would say about that period from the mid-80's to the financial crisis, it was a period that macroeconomists often referred to as the great moderation. most advanced economies were pretty stable, macro performance was good. inflation, which had been very high in the 70's and brought down in the 80's was pretty low and stable. central bankers were kind of patting themselves on the back that they understood having to do their jobs and they developed frameworks network. -- frameworks that worked. people were like we figured out all this and it's fundamentally dead. and perhaps that was a problem also for individuals who thought this isn't a very risky environments, perhaps that whole environment was one that encouraged undue risk-taking, especially with low interest rates, people searching for yields. and now, o

the reduction came because "aig's recent track record of delivering on strategic goals, specifically losing the insurance segment, has been subpar." values continue to soar in japan. ward, in tokyo's central home to a shopping district, had jumped 61% and four years. in osaka, they are up by nearly half. booming construction of apartments and shopping centers is driven by funding by banks. office prices are at the highest 1984. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i nina melendez. -i am nina melendez. -this is bloomberg. overnight, street stocks showing a little activity when it comes to save haven assets. new zealand down by a 10th of 1%. futures in australia setting up, looking more positive. rb a leading rates on hold for a a littleth yesterday. resilience coming through from statements, still seeing about 3% growth when it comes to gdp over the next couple of years or so. futures, upset of about 15 points. aussie dollar at 75.13. that gdp number, we are expecting growth to have slowed to 1.6%. 3/10 of 1% on qua

the reduction came because aig's recent track record of delivering on strategic goals has been subpar fall in continued japan. by 51% in fourd years. and oh socko they are up by nearly half. games.iving the tokyo office prices are at their highest since 1994. global news 24 hours a day powered by 2700 journalists and analysts. this is bloomberg. >> thank you. we are counting down the opens in the asia-pacific. let's get to add them. -- let's get to adam. even ahead of these thursday decisions, policy that list as well. >> a lot to make you nervous, if you have a look at this chart, volatility is certainly back. they want to hedge that. you are seeing the calls on the vix. pretty much back to the highest levels since october or so. that shows people are expecting to place bets on an increase of the vax to hedge against any fallout. the market is not really expecting any huge correction at this point. what they are wanting to hedge against is incremental moves down as we had this huge global equity rally. it is pushing things up and making people anxious. >> it is going to be a big thur

chairman,po senator burr, who h beenwo working with mark warnern aig very charged vittive hearin they've worked well y together. i think the senators who also go later in the hearing, they have to prepare t extra questions ju in case their question has already beenav asked. you saw these range of questions. i thoughtht what w burr was doi setting the record r straight, comey definitely thinks russia was involved16 in the 2016 election. the big question, was there collusion between russia and the trump campaign. that's what the special counsel will be looking into, and also getting on the record that there's no proof that russia changed any votes in the 2016 election. but also -- other senators got at this, too. what did you interpret the president to beid meaning? did he actually say, if you don'tt -- if you don't stop thi investigation of thflynn, then m going to fire you. no, he wasn't that direct. it seemed to be where comey was suggesting he was doing withs a wink and a nod to stop this investigation of flynn and make itio go away because, as trump said, according to comey, there was

carl icahn said to be easing off on aig after they sold assets.est holders of their stock but we are told he wants to give the new ceo time to improve performance. he took over last month. the questions about whether carl icahn would support him. rupert murdoch has pursued control of the sky and has now learned he will have to keep waiting. parliament wants further scrutiny of 20th century fox's offer for sky. controls the times and the sun newspapers. japan buyers are heading back to the market with what may be a bargaining chip. tokyo was the freedom to resell gas when they have more supply they needed. mayfree trade commission violate antitrust law. oh. up next we are looking head to china's manufacturing area economic growth may have already peaked. 8:30 in the city of hong kong. we prepare the 20th anniversary of the handover to china area >> in new york, you are watching daybreak asia. let's get to the first world news. president xi jinping is offering a soft touch on his first day in hong kong during carefully managed events. he says that t

billionaire carl icahn easing up on his demands for an aig breakup after the insurance and hired assetster opening higher, blue apron shares fizzled in the trading debut, lowering its ipo price to $10 a share from an initial $17. of $15 to the news said grocery stocks tumbling. that is your business flash update. shareholders celebrate the birth of the iphone 10 years ago, but can the company protect its cash cow? from new york, this is bloomberg. ♪ scarlet: "what'd you miss?" today is the 10 year anniversary of the iphone, so we wanted to show you a chart that highlights applef the challenges of 's entry into the smartphone market. basically invented the device, although you could make the argument research in motion did. presidedistention is a over the high-end markets. everyone else can battle over the middle range while the chinese dominate the low end. the high selling price get the market fat and juicy. the premium smartphone unit sales fell about or 10%. you can see the drop off in the blue bars in the low end and midrange phones became more accessible. apple did launch a cheaper

noty: aig says they should expect them to repurchase shares as aggressively in the past. flexibility for other priorities, such as expanding through acquisitions. that signals a shift in approach, from peter hancock who stepped down last month, after losing confidence of investors, including carl icahn. yvonne: can you believe it, 10 years since apple turned around the fortunes and changed the way we use the phones. a look back in the past decade for the iphone, coming up. this is bloomberg. ♪ [ noises inside can ] [ laughing ] it's driving me crazy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah, show me music to distract a minion. [ voice remote click ] oh! [ pharrell starts to play ] [ minion so happy to see screen ] ahh! i'm pretty smart. ahhh! [ lots of minions ] [ mooing sound ] show me unicorns. [ click noise for tv ] ahhh! that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3. in theaters in june. this morning in hong kong, 30 minutes away from asia's first major market opening. it is gorgeous o

and aig's lexington insurance unit says it has 10,000 policies and expects that to more than double infor an eighth of u.s. flood insurance market it was virtually zero before 2012's bigger waters act the last big attempt to revamp this market. and experts expect this to grow. it's a $3.3 billion market in terms of earned premiums about 5 million covered properties so it's not huge but it is a high growth opportunity. most interesting, it's not the low risk properties that are necessarily the most attractive to insurers, either. it's the ones where the rates, many of which had been subsidized, have already jumped so much in the last couple of years that private insurers say that they can now compete. >> this is really interesting. we're short on time but i want you to come back so we can talk more about this. because you want to open things up to competition but you want to make sure that they're offering the right rates so you don't wind up with a bankrupt insurer. good to hear big names >> yeah, it definitely is. and we're going to see where this legislation goes as it moves throughs

i want to read you one quote from hank greenberg, the former ceo of aig.cause they want benefits to be there when they and it, not to be used by organization that is gambling with their money." he is highly critical of how anbang was ron, so what took regulator so long? ok, but that is an insurance guide taking on a company that is technically in the insurance business, but for all intents and purposes is just in the fund raising business. these people who are buying these "life insurance policies" don't expect life insurance. they expect short-term cd-like instruments. i believe everyone is aboveboard in terms of what is happening here. in the waynsurance hank greenberg would look at it. probes,ve seen these days after the msci decided to add a-shares to its global indices. it is a stamp of approval from msci, but you also have regulators tying conglomerate's hands in terms of overseas deals, doing the opposite in terms of opening up. as a foreign investor, how can you interpret this? >> it is confusing. the heads of these companies, it is confusing for t

aig says blockchain can increase trust an in the insurance indus.ing used in the u.s., kenya, and singapore. betty: the waldorf astoria transformed into luxury apartments is proceeding as planned. anbang says its business is operating as normal after announcing that an employee is no longer able to perform his duties. santander is said to be lining up a string of lenders. $7.8 billion capital increase. say theyrces and include credit suisse, deutsche bank, barclays, and hsbc. santander is raising funds to shore up poplars balance sheet opular's up banco p balance sheet. raising itsmf is growth estimate on china for the second time this year, although it also says more reforms are needed. the fund now says the economy will expand by 6.7% this year, up from 6.6% forecast in april. david lipson spoke to bloomberg in beijing and says the pace of reform must pick up. >> we see the chinese government providing some support both through fiscal policy and the way that credit policy was being managed, so we think this is the right forecast. we do expect the

obligations and the risk associated with them through insurers like prudential financial, metlife and aig source of growth for those companies, which have also been impacted by a low rate environment so this is quite an interesting chain of events. guys >> morgan, interesting story thank you very much, morgan brennan back at hq >>> the u.s. is set to announce enhanced security measures for arriving international flights and they reportedly do not include immediately expanding that ban on laptop computers reuters is reporting that airports could avoid a laptop ban if they meet the new enhanced security requirements when we come back, more on the president going after amazon and jeff bezos seiohis.lo tp 122, cseo ssn gh >>> welcome back to "squawk on the street." financia financials are rallying on the back of banks like bank of america. that does it for this hour of "squawk on the street. we'll head back downtown for the start of "squawk alley." over to you guys >>> good morning it is 8:00 a.m. at amazon headquarters in seattle. 11:00 a.m. on wall street. and "squawk alley" is live ♪ ♪

had frozen pension plan altogether some of the names that have frozen plans kimberly-clark, boeing, aigel, just to name a few many companies like gm and united tech and last month, sears, are now offloading those obligations to insurers. most notably, prudential and metlife, this makes the balance sheets less volatile and creates a source of growth for multiline insurers so we're seeing a shift away from traditional pensions and then we're seeing those frozen pension plans shifted to insurers guys >> morgan, thank you morgan brennan. >>> it's day three in court for martin shkreli who is being charged with price gouging he's so disliked that the court is struggling to find impartial jurors this could be a big problem for the case, meg. >> it could be we were expecting opening arguments could have started at the end of day one or maybe the beginning of day two we've been sitting at the courthouse they have reached a pool of 60 prospective jurors from which they are going to narrow down to 12 you can see shkreli arriving there this morning from the 60, they will widdle down to 12 and 6 alt

aig because his family is finally moving with him into the white house. >> they moved in last night.resident facing a new lawsuit. we'll get more on that ahead but first that scorching heat wave. record highs from the midwest to east coast and rob marciano is outside the studio. rob, we are feeling it. >> just a week ago we were in the 50s so a rude awakening. for many this is day two, three and maybe four of 98 plus degree heat. check it out from denver all the way to chicago, st. louis and, yes, the northeast, new england records in burlington and caribou over 90 degrees yesterday and more records today. with that across the bigger cities air quality alerts from d.c., philly, new york, could be mid-90s. limit your outdoor activity if you can and drink lots of water and grab shade if you can. severe weather. we had it yesterday in wisconsin. look at this roof being blown off. 70-mile-an-hour winds and 80 mile an hour winds in minneapolis and at one point over 100,000 people without severe weather. we're going to highlight that for you in just a few minutes. >> a week or so but it is

they haven't been able -- they haven't ruled anything out yet in terms of whether hodgkinson was work aigr people. they're still in the very early stages trying to piece together everyone he knew, what was his network and why was he here in alexandria? back to you are guys. >> all right. mel, thank you for that update. so many questions still remaining here. hopefully in the days and weeks to come. >>> well, it's 10:08 right now it's time for check on what else is making headlines this morning. allison? >> first up, erin, possible turning point in the russia probe. the president now reportedly under investigation. the washington post is reporting that special counsel robert mueller's investigation is now examining whether president trump tried to obstruct justice. spokesperson for the president's personal lawyer said in statement last night "the fbi leak of information regarding the president is outrageous inexcusable inn head of national security and the director of national intelligence. >>> in you details this morning about the gunman who opened fire during a meeting with co-workers at

he's walk aig round a home near washington d.c. he's trying to figure out how to break in.ows at some point. trying to find out if anybody is home. once the sensor light turns on, oh, he decides i got to take off and get out of here. the homeowner inside didn't even realize this happened until the next day when he check the surveillance video. pretty creep out, of course, especially with his kids sleeping inside when all of this ham. what are people thinking? police are now looking for this guy. hard to see him, though. on that surveillance footage. >>> okay. a popular drinking game took the internet by storm when a couple of guys decided to take their game into the middle of the street. (horns blowing). >> come on you're seeing it right. two guys who decide to set up their beer pong right in the middle of traffic in houston and they're playing like nothing is wrong. their friends grabbed their phones started recording the game. put this on all on facebook. they up loaded it and it said to have been viewed more than 130,000 times. >> everybody was honking at us. laughing, r

for us walk aig round dc.it's the best. >> right. >> all right. that's awesome. th >> no translation needed in we stay local. [ laughter ] >> excellent. that app is amazing. >> thanks steve. >> i didn't realize, i have the google translate app but i didn't know you can dot pictures and hold it up to the signs. that's mazing. >> look cool when you're doing it. what did you just say. >> i will say this when i went to italy entire time met one person who didn't speak english. such a global thing you. >> didn't get to use your fluent italian background. what a shame i was wait to go. >> maybe this summer. >> tucker barnes, good morning, sir. >> steve a few years i went to england and scotland i can tell you many of the people spoke english there i had no idea what they were saying. >> i had harder time understanding people in london than did in italy. 65 in washington. 47 in binghamton. boston 54 degrees. we'll remain cool today. winds out of the east here off the ocean and our daytime highs probably don't get muc

spent my entire life from 2008 for about 18 months dealing with the restructuring in the bailout of aigve a lot of conversations with the other institutions. there is no question people have to make decisions, boards have to make decisions on a real-time basis. it wasn't a question planning on having 30 days to make a decision. barclays wasn't bailed out by any regulator or by any government. it's one of the few banks that stood on its own. boards ultimately are responsible for the decisions that were made during that time. took decisions and made judgments based on the fact of circumstances present to them at that time. on what theent fraud office has discovered. i remember that time. it was judgment, analysis, markets, in a real-time basis with enormous fragility, where people were working 24/7 trying very hard to maintain the stability of financial markets. it was genuine. barclays was right in the midst of it. judging: our markets foreign policy at the moment? we can talk about qatar in the middle east. this is a huge change in foreign policy. how would you price that into the marke

>> people aig to communicate effect toly.omebody's ideas if i maybe don't understand what you're going through i realize what it's liking to through with something, to go through a problem empathy for you. and understand that some -- life isn't always great. >> did this entire concept this entire bock did it come from any particular moment that you had in the work force? >> so i wrote the story about lou because i was working with so many different organizations and people would tell me stories and i'd think that can't happen the more i would hear the more i would realize, wow, there are lost these things happening. so i walk away one day if i could teach people how not to act like a bleep at work life would be easier. because we think that because you breathe you can communicate. but that's not true. we know that. >> it's tough, too, obviously you can look at and just the tips that you have here, in a couple of ways you can look at it am i that bleep, am i doing bleep behavior. or if i already know that pe person, can i cons

. >> especially since tuck can walk aig round in a bathing suit it will cool them off.ook kess. he told me well before you came in. >> wisdom swore us to secrecy when he took one earlier. >> we'll mix these up and portion them out. i'll finish this cookie because it's torture to hitter the whole time. toss it back to you the the middle of the cookie is the best part. >> yummy. thanks erin. >> you definitely don't want to be baking today. >> you're right. >> keep the house nice and cool. >> ice box cookies. >> yes. >> totally. heat index around 90 degrees and unfortunately we're going to be looking at heat index near 100 this afternoon your actual air temperature forecast 95 today. tie a record that goes back to 2002. tomorrow we keep the heat wave going. rye not one more day. >> why not. >> don't worry. plenty of heat wave. summer heat lovers plenty of months left. cooler by wednesday with thunderstorms and look at thursday and friday relief. low 80s. >> thanks tuck. you look good in that swimsuit. >> did i look all right. >> it was okay. >> i need a new one. >> target.

aig outlook lowered. it is a tough time for the company. year to date down 3%.'s happening with the equity in the free market down by him a 6%. its revenue trailed estimates. revenue came in light as well as earnings. there will be a repurchase program. not enough to boost that stock. david, still some individual movers even though the general market is calm ahead of that super thursday. or waiting. they are not sure what to make of it. we will have testimony from james comey on capitol hill tomorrow. president trump today has named a replacement. he tweeted i will be nominating christopher wray, a man of impeccable morals, to be director of the fbi. joining us is kevin cirilli. anin: he hit -- he is attorney at king and spalding. he also has experience in the bush administration. in the top lawmakers republican party have had the president's ear on this including lindsey graham, they advocated the pic for someone to have the kind of establishment experience that would have all support from the republican party. i'm told by a source familiar with this that they

after the presidential election of 2008, it was my editor at the time we did one story it was about aig and i did not know anything so i had to learn what the collateralized debt obligation was or all these things and that took me a long time but we did it and got such a huge response because up until that point was explicitly written by people written in the finance sector purpose is the financial reporting for ordinary people so to translate for regular people how wall street works is a new thing and had never been done before. we just kept doing it and it turned into eight years of work and that was really cool. he was great during that entire time they're not many editors to allow reporters to do in 8,000 word feature on some of prime mortgage fraud or house foreclosure and how that works these are very difficult topics. they don't sound sexy it is hard to get advertising dollars but he let me explore them for a long time and it was great. that is all you can ask for in an editor that they support you that way. >> host: your most recent book "insane clown president". with another ho

assigned me, it was yawn and my editor at the time, we did one story and we found one that was about aig. that was difficult. i had to understand because i didn't know anything. i had to learn what a collateralized debt obligation was and all these things. that took me a long time but we did it and got such a huge response to it because financial media up to that point had been exclusively written by people catering to those in the finance sector. this idea of translating for regular people how wall street works was a new thing that had never been done before. we got the response and we kept doing it and it turned into eight years of work. but he was great during the entire time. i don't think there are many editors who would allow reporters to do pieces on sub-prime mortgage fraud and how foreclosure works. these are difficult topics that don't sound sexing and it is hard to sell advertising to those topics but he let me explore them for a long time. it was great stuff and i think that is all you can ask for in an editor that they support you in that way. >> matt taibbi most recent book

comey declined the clinton prosecution, that was really a a use aig usurpation in of the prosecutorshe justice department. that was a stunning development. the fbi is a investigative team. they don't decide prosecution policies. so that was a thunderous thing. he also commented at some length on the declination of the clinton prosecution which you should not normally, you shouldn't do. policies have beens historic, if you decline, you decline, and you don't talk about it. there were other things that had happened that indicated to me a lack of discipline and it caused controversy on both sides of the aisle and i come to the conclusion that a fresh start was appropriate, and did not mind putting that in writing. >> my time is up. thank you very much. >> thank you. >> senator rubio. >> thank you, thank you for being here attorney general. i want to go back to february 14th and kind of close the loop on the details. director comey was here, provided great detail about that day. what i heard so far there was meeting oval office on 14th, you recall there being with him. at some point the