are they got -- are there going to be surprises? i hope they are surprises for you.i am looking for surprises for me. that is the reason. i want to learn from them things that we have not thought of that would be good. i am not expecting them to know about the fence. i know about defense, our people know about the fence. that is not my problem. i would like to know what is going on in the outside world that i might not know about that has proven successful that might be applicable to us. that is what i am looking for. these are innovative people. conversations with them, i have the six. all of the time. people say, here is what i did to build my company, to think my through -- my way through this problem. to get people i needed. i say to myself, why have we not done that? a bug bounty is a perfect example. chris, i don't know if he is still here, why has nobody in the federal government done that? there is no good answer. it is essentially free. you get all of this talent. they are having a great time. you are getting a security audit for free. it is like, wow. good

they still are above the minimum, but as you can see they are flighted yellow, indicating that they areust a little too close to comfort. let's take a look at what is happening with foreign banks as well. they are doing better in terms of the range. deutsche bank coming in at 12.2 percent against the regulatory minimum of 4%. across the board, good, but a couple under scrutiny. the first ofis is a two-phase process, right? tell us what comes next. ramy: this comes up against the dodd frank act, but the next phrase -- phase is the cca are, comprehensive analysis and review, and these tests will tell us if these 33 banks have enough money to share dividends toout shareholders and buy back shares. according to analyst estimates, if they pass with flying colors, the top six banks could shell out $60 billion. ramy. thank you so much, still ahead, stairway suit. led zeppelin's copyright case reaches a conclusion. yvonne? yvonne: up next, the markets are betting on a remain result in the u.k. referendum. we will head to london for analysis. ♪ betty: the first results have been announced in the

we are happy where we are at this quarter.rter is just about over and then we have the next quarter to deal with. erik: are the things that you hoped to sell that you may put off as a result of this? david: i do not know any specific thing because the end of the year is a long way away but the market for selling things is ok. we have been selling into that market. erik: you pointed out the prices in some places remain high. does that explain why carlyle and other alternative asset managers and for that matter people with capital have not been active in buying energy assets? david: when you buy assets in the private equity world, you like to pay 7-10 times cash flow. you get nervous at 10-11 times cash flow. many deals are excited to be 14 times cash flow and that is to spencer for us. that is true of everybody in this world. we are witnessing multiples come down a bit before we actually buy a lot of things. erik: what do you do as a firm if this low rate uncertain environment persists for quarters or years longer? david: you h

stocks are a little bit down, but on the week they are of. we are also seeing a lot pressure on these yields. the you referendum is nearing an end. we saw of taking crude oil. it is down slightly at $51.10. tom: let's take a look from 42,000 feet of what we're facing right now. thank you to this idea. this is usually the five-year review of where inflation will be. this is not that. this is the expectation or price of a ten-year vision of inflation. here's the beginning of the financial crisis, down we go ofh the about of expectation disinflation and outright deflation below zero. stability, we do better. here is the reason rollover about ready to go to a negative 10 year yield. that is a big deal. very symptomatic of the global system right now. francine: it is an important conversation and one will have the next couple of days. i have picked out something a little bit different when we look at earnings. as your first quarter early-season rises up, some analysts have lowers that. means they will start downgrading their forecast. it is slight

are. we have been doing that for many many years. host: you look at all of these races as well. guest: we focus on the ones that are most competitive, but we are constantly evaluating how safe or vulnerable they are. we get into this notion sometimes that ratings in the year or spring, early summer that they are set in stone. as the cycle goes on and the date up with us in a specific position, we change our ratings and overall projection. host: you can go to the website if you're interested in seeing the work of these two gentlemen. from charlotte, good morning. caller: yes, good morning. i am calling in reference to the actual context of what the race for the 2016 messaging will be for the presidency and for the 2016 senate races. as an independent, i think that where we are in the country is the need for an investment. i think that for a person such as myself, my husband, and many of my family members, we are black. we are highly educated. we have a good family structure. we believe in v

we are hopeful, but we are working with the fda, so we are always hoping that we can actually get moreor the consumer. brad: what have health care entrepreneurs learned? lessonhe most important is that you have to be transparent and went over your peers. your peers can really take you down. we did not look at the finishing community enough, initially. you often see the regular. it is critical that you win open -- whenever the different groups. with theranos, you have to make sure you get your data out there. but she has a conference coming up. brad: do you think she will recover? anne: i think the beauty of the u.s. and the beauty of silicon valley is that you can always come back. this is a country with incredible opportunity where, if able have a comeback story -- love a comeback story. without a doubt, she has the right intent and has real scientists behind her, and she has a real team. clearly there is the right intent. how that comes out, i'm on pins and needles for the data. we are here at the global entrepreneurship summit, where we have hundreds of entrepreneurs coming here for

are we passed the idea of a downturn? where are we?> it is that all adage, the difference between a recession and the depression, a recession is when you are out of work and a depression is when i am out of work. it depends on your point of view. timehave had an easy raising money. it does not shock me. uber raised a lot of money and has been an extremely successful company. are there other companies that are getting left behind? >> companies rather than raising money on what they might do, they are raising money on what they have done. you will probably see more ideas over the next few months --ipos over the next few months. emily: there is a presidential election happening now, and i am curious what you think hillary clinton and donald trump mean for silicon valley? >> that is a good question. i am not so political. the leader that we choose collectively becomes a lot more thoughtful about the issues and less headline grabbing in more leadership -- and more leadership. i am not convinced we are at that place yet. emily: what do you m

here is what we are watching. japan's prime minister postpones a sales tax hike after having vowed only a lehman-like shock or a massive earthquake could prompt the delay. we look at the future of the financial services industry as hsbc and mcquarrie are said to count headcounts, and larry fink warns of huge consolidation. opec dissents on the in a. crude dissents under $50. is saudi arabia's oil minister calling the shots? a warm welcome to the program. let's have a look on what is happening at the futures. we are not getting an incredibly strong picture from the futures this morning, i have to say. we've got euro stocks up just a fraction at the start of the are p and trading day. the ftse 100, perhaps it's a little bit on the back foot. of getting a great deal momentum perhaps coming through from the asian session. we still have some big agenda items on the radar with the ecb meeting and the jobs report, plenty still to digest. matt: take a look at the nikkei, down 1.6%. take a look at the yen strength that we

we are in a world where technology shifts are moving rapidly.nd machineg ai learning increasingly becoming important for technology. this is a global trend. the world is getting flatter. despite what happens with populist movements in the u k and other places even if global free trade, goes down, you will still see technology catapult forward, and new companies and startups taking advantage of trends are going to benefit in one way or another. emily: do you think innovation will take a hit? >> innovation is a runaway train, and there isn't anything that can stop it. that being said, global growth could slow. the impact innovation could have on society could be curtailed in a world where country stop trading freely with each other. that would be a shame. emily: thank you for joining us. thank you both. we are watching paypal getting a boost in wednesday trading on the back of takeover rumors. earlier this year, a report cited mastercard as a possible suitor. late last year, there was the suggestion of google. but a note said the mastercard propos

it is like we are all of the big, bad dummies and those days are over if i win. they are over. they are over. now, i just want, i have to talk about this for a little while because of the horrible situation that we all just saw and so, so vividly, and we have to talk about it and then we are going to get on to other things. it is so important. i have been talking about it for a long time. it will happen again and again and again because we are not doing what we need to do. it will happen again and again and again, and we are not doing what we are supposed to be doing. we are taking in this happeneds -- thousands of people in our country. we have no idea where they come from. we don't have any idea who the hell they are. we know they believe in certain things we don't want to believe in. i said i have great respect for women. if you look at what hillary clinton has done, i have tremendous respect. if you look at what hillary clinton has done with women, number one, from certain country ares, her foundation took tens of millions from countries that want to enslave women. enslave.

they need to really clarify what are the metrics they are looking at, what kind of hurdles they are lookingat is going to matter more if there bogeys have been lowered and they feel like they could actually still raise rates have to come clean on what those levels are. francine: you seem to suggest there are bigger issues at play. they had some pretty terrible u.s. jobs figures. how do we deal with that? it intowe have to put perspective that we have had a cumulative improvement in labor markets but we are at the point where the question is, are we at the mid cycle of this recovery or at the end? i think they are going to have to sound optimistic but still think that growth is above potential. if it is not above potential, why hike in the first place? we have had improvement in jobs, low inflation. at this moment there is really no need. wantine: you could say you to keep some 12 in the 12 box and you can raise if something happens. some tools in teh toolbox. george: at the end of the day it is about financial conditions which have been tightening for the last 18 months and now they are beh

most businesses are interconnected. manus: they are.he eu try to have a conversation with the u.s. for clarity on what are the rules of engagement. the u.s. seems to be rather hesitant in delivering clarity. guest: i am not sure that's right. from the american perspective, there is clarity the legislation . where there is not clarity is how the legislation will apply to any single international business. that is so interconnected. international businesses and banks need to understand exactly what they touch upon in their daily business. are there u.s. persons in their management chain? are there u.s. services? to whom it be providing services? they need to do a great deal of due diligence on who they are doing business with. there is a lot of unpacking to do by the community itself before they can make a determination about whether legally they can go forward or not and that is going to take time. manus: the primary driver from the european perspective is to .o business the energy companies trying to renegotiate with iran. toi look at i

>> i don't know. >> how are you? >> how are you?> good. >> inside the massage parlor, inspectors find four female worker and two male customers. >> hello. >> from the police department. how are you? everything okay? >> yeah. this is. >> no problem with the girls or anything like that? >> no. >> did she try to do anything appropriately, did she touch your areas or anything like that? >> no. >> sergeant flores finds no evidence of sexual activity but the customers are rattled and quickly exit. >> hi. >> let me see your licenses. >> a routine check for massage licenses confirms his suspicious. although the women are licensed the business is not. >> you don't have an establishment license. >> she had one. >> in california, let me see. >> the owner protests pointing out her business is licensed by the state of california. >> by california. >> in order to operate a massage parlor within san francisco, she needs a city license or license exemption from the city. >> until you get a license, you can't do massage here. >> what is happening? w

are you using to rigid in -- are you using derivatives to hedge?not using them or you have to freelance every day? futures verye actively. we're very big players in the futures market. one interesting thing is that futures market liquidity today is bigger than it has ever been. our ability to get trades done in different parts of the futures market, even in some of the index products weaken trade -- we can trade very big size. we are not big users of options. places,me in vatios but mostly we create our own option alley in trading. tom: equities, bonds, currencies, we could go for literally an hour on a ne -- on a nuanced data check. coming up, the 10 year yield, that is a stunning statement on central-bank policy. 1.56%. next week, francine lacqua has agreed after careful negotiation , to greet me and michael mckee at heathrow airport. we will look at the brexit all next week. ♪ get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your

we are a similar model. its businesses like these that are going to scale.indian company with a mark that is being made in america and sold to americans to scale over clean mobility, and and an american company going to clean and selling electricity to replace kerosene and clean up the air and become a solution for climate as well, i'm going to buster. these companies are very successful. wonder, is this something that requires the innovation that only a startup can provide? or is this something that ultimately ge ge will swoop in? >> i don't think it's a matter of big or small. renewable energy, clean transportation is now mainstream. i just read a statistic yesterday, 50% of everybody who is going to buy a vehicle will buy an electric vehicle. we are getting to a point where clean energy is mainstream. people are recognizing they've got to change their lifestyle. people driving vehicles in california and in portland and new york are doing it because they want to be a part of this lifestyle change. they are recognizing it's not just about getting from point

these are people in society that are vulnerable.this man should go nowhere ever again. >> is there anything to do to change the laws or sentencing guidelines that some argue are too light. >> the district attorney and santa clara is trying to do that because the law is different when he purchased -- person is unconscious. >> how hard is it to do that? >> i mean how hard is it to pass a bill? hopefully when it comes down to it you never know which constituencies will oppose it. this law would not have made a difference because the da actually charged felonies. we could be getting 16 years, but we are not. we are getting a maximum of one year. >> it is a misdemeanor. >> yes, he has been charged with four falmouth -- felonies. >> thank you for coming in. >>> as we just mentioned this case is drawing comparisons to the brock turner because both victims were in conscious. -- unconscious. this morning we are asking, do you think there should be new legislation to make the punishment stiffer when the victim is unconscious. we ask you to tw

it we are today at that 1.521%. sincewe are the lowest late 2012. looks at we are at the lowest since summer of 2012. it is moving lower and lower. it does not look like we are threaten to get to record lows, but it is remarkable -- the turnaround in sentiment we have had in the u.s., and the turnaround in expectations for what the fed is going to do and what the fed has done. what the fed talked about yesterday. look at stocks in the united states at stocks in the united states. a notable streak -- 80 losing streak for u.s. stocks -- a losing streak for u.s. stocks are the sixth straight week -- stocks. the sixth straight week of u.s. commodities declining. a longest losing streak we have seen since august. in magnitude, it is the biggest losing streak going back to february, where we saw stocks which their lows for the year. a lot of concern around the globe about slowing growth and the ability or inability of central banks to do much about it. look at futures over the course of trading overnight and into this morning. we have this leg down since

are enormous. comingng up on "earth focus." >> biodiveversity as a way toto describe the sheer variety of life on earth. life --- on land, air and sea. the sheer diversity of life on earth is a testament to the majeststy, beaeauty, and wondert is the natural world. millions of species of plants, animals, and microorganisms and the environment that habit are part of a creature interrelatedd system. they depend onn what other for survival. huhuman beings are part of this intricate web of life. biodiversity is also a source of cultural and spiritual wealth, an essential part of human tradition and inspiration. the earth's natural systems provide a range of services vital to our survival. species for other our food, livelihood, medicines, as well as to purify our air and water. oceans provide food and help regulate the climate. forest regulate water supplies and provide fuel. but all too often, we take these services for granted. totoday, human actionsns are pug naturaral systems to the limit, and this

they are not. they are thriving. i've obviously biased, i am still a wire hack, but i don't think is that. it is the volume that bothers me. got to fill the air. how will we do it? you know what, we will speculate about where the airplane is for days on end. not to knock a particular outlet, but it is the volume, not the speed. when i got on board the ap, 20 years ago, my god, writing about the united states for the rest of the world. that is changed in the digital world because they have yahoo! now. but when i started out you were not allowed to say in the lede house speaker newt gingrich. you had to say president bill clinton's top opponent in the united states congress. you had to address your audience, knowing it was not conversant. individuals, things like that. i would argue that was not dumbing it down. it was just knowing the audience. i think right now, when i write for yahoo!, some of the stuff that does the best is still on drones, syria policy. some of that is partisanship. people want to hammer this pres

what you hear here are two things. number one, all things are connected. secondly what you see out there in the united states is there is a cycle that develops for people, those who have been involved in the criminal justice system and reentering are at higher risk for homelessness and higher risk for getting back into the criminal justice system so the question becomes what policies can we put in place and investments that will put them on the right path? either becoming homeless or getting back into the criminal justice system. in the housing realm things work particularly well, one of them, we are excited, we have a joint announcement with the attorney general on permanent supportive housing. we have the pay for success permanent supportive housing demonstration, a sickly it says two things. the best way to avoid homelessness is to put people in housing. it is called housing first, not make them jump through hoops, get a shelter so many nights or something else, get people into housing because that helps stabilize them when dealing with other issues. if

, when guns are used. and it isn't me talking, it is an analysis of domestic terror attacks in the united states by a professor from the university of massachusetts. she showed that since -- he showed that since september 11th, 2001, 95% of the associated deaths connected with terrorist attacks, with terrorism, were committed with guns. and according to a project run by the department of homeland security center for cleanse at the university of -- excellence at the university of maryland, this is a government database run by the department of homeland security, terrorism attacks in the united states are ten times more likely to result in fatalities when they involve guns than when they do not. between 1970 and 2014, non-firearm terrorist attacks resulted in deaths 4% of the time, whereas 40% of the attacks involving firearms resulted in deaths. and if you really want to get down to the chilling bone here, mr. president, listen to the words of one of the most notorious al-qaeda operatives. actually an ameri

they are free to do things their own way to improve on what we are doing. marketplace, our resources are needed but i think bar wars have the ability tog to our get things done in a way that is responsible and efficient. so the role of the aib has been positive to the environment and infrastructure in a part of the world because it has introduced a new dynamic to what is being provided. in kabulestions about projects? >> bankable projects, i thought i addressed that. doing things by the book, i think bankable refers to investment codes that to our bankable. to bankruptcy and other forms of investor projections. people can rely upon and access to arbitration and the courts in ways that to risk inagement committees corporations and others thinking about it and others are ok with. everyone remembers the experience of 1997 and most recently in 2008 1 a lot of investors got hurt and it is hard for them to carry the same projects to their boards without lots of insurances. and everyone has to up their games when it comes to the software-related issues to these pr

we are going to win. we are going to win.raise almost $6 million and the dishonest press, and they are so dishonest, not all of them but many of them, they are so dishonest, if i would have done nothing, it would have been fine. i said let's raise some money for the vets. i'm glad i did it. i got more thank u.s. from the vets. we gave to many, many groups. they wake up and get $100,000 in the mail, $250,000. one of them got $1.1 million and they are great. they are great people and they appreciated it. but they put the negative spin on everything. no matter what we do -- you know it's funny. the "new york times" puts me on -- medic. medic. you just take it easy, darling. it's hot out here, right. right over here, medic. right over here. we love you. we love you. some of these people got here five, six hours ago. [applause] [crowd chanting trump] mr. trump: she ok? we want to make sure she's ok. she was here for five hours, they say. five hours, some of them here for seven, eight hours. we love you. are you ok, honey? give her

there are members of every delegations who are. no state has decided en masse that we're going to do whatever we can to support a conscience clause. but you have members in colorado, a state that ted cruz used to organize supporters as early as last summer to go to the state convention and get him the delegates needed. they're one of the few states that did not hold a caucus, they relied on a convention. the team that won him the convention is essentially banded together to continue this in hopes of adding him -- getting -- getting trump to not be the nominee. their home base is the -- colorado. they anticipate the numbers will grow. the reason why they can now start to figure out who is who and who is supportive it this past monday, the states and territories had to turn in their final list of delegates and alternates. the die is cast. it is now known who has to go. the problem is that the rnc at one point was saying they would with the delegates and alternates and i'm being told that they may not do that for whatever reason. this

what's the -- are they hillary supporters? are they bernie supporters? who are they?uess is that they fall across the line somewhere, you know, bernie supporters, hillary supporters. just anarchists, really. these people are just out to some of them just to agitate. some of them to protest. as you know there is a great deal of anger out there in the country. the "new york times" last week said there is sort of an epidemic of anger. it sloshes over from politics. we have seen in our research for about four or five years that the american people are absolutely left, right, center are fed up with the political establishment and country falling all around them and their kids not having a chance at the american dream. >> david, is did what scott suggests? anarchy? is this the left? is this sponsored protests, sponsored anarchy. >> it could be. we know there is some of that, as he says, performance art. we know there is unprecedented anger as scott was also saying. never more unity of anger and disunity in the politics than at any time in recent american history. you are se

we are not talking about great gains. we are talking about modest gains.nchor: and if the fed raises rates? paul: we have done some research on that, and in the past, the beginning of a rate hike cycle is typically negative at some point, but at this point, we are starting at such a low level, it is hard to imagine a trajectory for interest rate hikes that is flat, more flat than this one right now. betty: the beginning of a rate hike cycle is often negative for an economy. we have seen tightening. paul: that is right, and this time, we have some thesis up our sleeves, which is housing, which typically leave the country out caserecession but in this was flat on its back in the beginning of the recovery and is now proving to be a significant tail went for the economy, so, no, we are not worried about the cycle ending right away. anchor: what about oil? micah a stop to the manufacturing bullishness? wells fargo? paul: it could, but we think it is unlikely. us like many commodities markets these days, still in the throes of a bear market, and you can have a p

these are weapon that is are dangerous. you need a lot of items that look like grenades but are concern too. you can't tell from a distance. quite a few knives, you name it. somebody is trying to bring it through a checkpoint. throwing stars, brass knuckles, all sorts of stuff you don't want in an aircraft environment given the way we know the way people have been acting lately. >> last thing i would say is i would like to govern november '92 along with other newly elected governors in november '92, we went to government school. governor of florida and i learned a lot. it was three day it is faculty was existing governors and their spouses, the veterans as i call them and the newbies. when you have a problem, when you face a problem in your state as governor, don't make a one-day problem a one-week problem or one-month problem or a one-year problem. own the problem. own the problem. take responsibility for the problem. this is what we are going to do. we are going to fix this problem. apologize and then do it. and the way i

so there are pluses. there are minuses. sometimes, one we have written opinions, people have said, particularly for the lower courts, they often pay the price for that. how exactly do we do this? couldn't you have spent five more pages giving us a little more guidance? muched to achieve as consensus as i can. again, that is not something i can do on my own. you kind of have to have a commitment as a group to do that. want to speak for the others, but i think we spent a fair amount of time -- i think a little more than others may be in the past, talking about .hings, talking that out it sometimes brings you a little bit closer together. but it's been subject to some criticism that it puts things withnd say let's not deal this issue. it has something to do with judicial philosophy. should be as restrained and only decide issues when it is necessary to do so. i think that is part of how i look at the job of a judge in our system. others, youlates to know, i'm not quite sure. big chunks of our history -- era, you could not diss

for reasons why we are where we are. two reasons are general for banks everywhere.nterest rate department which takes interest margin close to zero. the second one is the impact -- the business model of banks is changing, especially retail banks. italian banks are basically retail banks. francine: a lot of investors say that italian banks have problems. reasons ise italian that italy is the only country -- of state aid after the lehman crisis. we have had a very long recession. banks.s impacted the whiche huge stop of npl's is lower than what everybody else talk about because everyone talks about 200 billion. yet to see the net figure because it is the difference. francine: i am going to cut you off because theresa may is taking to the stage. let's have a listen of the home secretary who wants to be prime minister. >> i want to start by paying tribute to the prime minister. it is easy to forget how far the conservative party and our country have come since david cameron was first elected leader in 2005. thanks to david, we were elected into government for the first

we are using. defined no fly and select list because those are the most carefully constructed subsets of all of the government's terrorist watch lists. these lists include names of individuals who pose the greatest threat of committing an act of terrorism against aviation, against the homeland, against u.s. interests overseas. and there are, in fact, only 109,000 individuals on this list of which only 27,000 are americans. mr. president -- >> the time for the majority has expired. the senator from virginia. >> if i can rise to compliment my colleague. >> you have susan collins making her case for compromised legislation to expand gun control here in the united states. on the house side democrats have ended their sit in protest coming after more than 24 hours seizing the house floor demanding a vote on gun control after the worst mass shooting in recent u.s. history. the speaker put the house in recess shutting off the chamber official cameras. one representative chose to share video stream with liv

look at all these crises that are happening. regulators are not there. that would have paid for its sense. trump.back on i don't want you to avoid this one. are you going to back -- jack: i will vote for donald trump. absolutely. betty: ok. jack: not a question. i will vote for any human being against hillary clinton in this election. betty: what we do to support him? when you give him money? not a big money guy in politics, i have never been. betty: you think donald trump is good for their publican party? -- the republican party? jack: we will see. judges in less about indiana. i was we would not lay out -- anybody could beat hillary clinton, but we are trying not to with some of these states. betty: how do you propose this against hillary clinton? do you think he will win? jack: he has a better than 50-50 chance. today he has less than 50-50 chance. betty: what should he do to turn that around? jack: show the american people how he will create jobs, a better economy, and a better life for all of them. issues. get back on isis versus ignoring isis. buil

there are republicans who are socially conservative and they are against same-sex marriage. >> i thinkually to be a gay person and a support of hillary clinton. kennedy: she has accepted money from countries who despise gay people and regularly put them to death. >> the most existential threat to the lgbt community is not who is going to bake our wedding cakes. it's people who want the extermination of the lgbt community. she refuses to say radical islam. islam in general has a problem with lgbt folks. you look at the laws around the world. in muslim countries lgbt folks are brutalized. the left should be willing to tell the truth about this. i don't understand why they are not willing to stand up for lgbt folks who they have taken money from hand over 50s. kennedy: they assume they can bracket you into a group. there are a lot of people in the republican party who don't like you and your friend. >> donald trump is completely upset the apple cart in the republican party. kennedy: are you okay with that? >> if this was ted cruz we would not be having this conversation. i bo not be doing

>> yes, they are. we certainly are aware that they're concerned about supplementary ratio impacting their profitability. leverage ratios are normally intended to be a backup form of capital regulation, they're not orientated toward the risk but impose a minimum amount of capital and so for safe assets and banks that hold particularly safe assets it can be a burden and it's something that we will monitor, but this is the way ratios before it's been imposed of assets of the overall size of the organization. >> madame chair, thank you for the participation. committee is adjourned. are [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> federal reserve janet yellen returns to capitol hill this morning at 10:00 a.m. eastern time. live coverage of her testimony before the house financial services committee on c-span3 and c-span.org. >> on thursday voters in the united kingdom voters will decide if they should stay or leave the united -- european union. w

>> well, equities are the -- >> well, how old are you and what is your time horizon?> benchmark question. >> well, the equities are the least ugly shirt. but i disag grree, rob, because june is off, but. >> i lie, i don't believe they will wait for three data points, and particularly one on the employment report that shows that may was an aberration, and we don't know if it was an aberration until we get the next employment are rate. >> you think they only need one? >> and the s&p 500 is above or below -- >> that the sad reality of where we have have been. and we have to wrap it up, and good conversation and of course, much more coming up with rob se secchan. >> and now, still ahead -- >> the second half story, is apple your best bet for the rest of the year, and we will talk to the stock that thinks that the stock is a devil. and betting on the big two, and debate on ford and gm is ahead, and bigger, and faster and stronger. jon najarian is ready for battle in this weekend's wall street decathlon. get a sneak peek at the training regiment, and check in with the halft

are you sure what you are doing? yes, we are sure. yes, we have a mission. mission is to terminate isis and al qaeda from the face of the earth. how can we terminate them without terminating their ideology? they are not islamic. when you call them islamic, isis says thank you, thank you so much. that is what i am wondering. specifically to the republican party, be careful when you use islamic terrorists. i do salute president obama when he insists to call them thugs and thieves and terrorists and refuse to call them islamic. there is 1.8 billion muslims who are victims of isis and al qaeda ready to join us in the fight. as an american muslim, i'm ready to volunteer and fight physically al qaeda under the leadership of president obama. asked would you like to volunteer, i bet you would see thousands of american muslims ready to fight isis and al qaeda in iraq and syria, ready to do it. hospitalsrs in the from congressman from soldiers fighting the amount, there are muslims and american army. it is strong to do that. i give advice to donald trump -- you have a

and how dangerous are those? and how more frequent are those? >> sir, they are dangerous. and it's been more frequent. and here's my concern. when we do an intercept which is what i've been personally involved in, you close on an aircraft that cannot defend itself with lethal weapons well inside of a lethal range. and very often the back end of that aircraft are people that can't defend themselves. so why would we allow each other to be able to close at that range? and the reason is that for 50 years we've been doing this. three very professional air forces, u.s., china, and russia have a fairly professional air force and our pilot ks do this with predictability and professionalism. when that breaks down two potential things can occur. one ask a miscalculation by either side and the second is that we find as we did with the chinese situation when that aircraft violated the number one rule of averation is don't hit another aircraft with your aircraft. and when he hit the ep 3. the other concern i have is when you have an incompetent pilot that takes that aggressive behavior

we are counting you down for the european open. i am guy johnson. here is what we are watching. draghi's bid for credibility. the central bank kicks off its corporate bond -- but will there be enough to buy? dismal, now incident. the world bank reaches for of the source as it becomes the latest institution to sound the alarm on global growth. hillary becomes the first woman to run as the presidential candidate for a major u.s. party. but when does bernie sanders get off board? sees like we are going to us sluggish start. a solid session yesterday. let's show you what is going on. the fair value column. one-e going to be down 2/10. looking a little sluggish. a big day for the bond market. bund, an amazing move. 0.05 percent. this will be the kind of thing that draghi and the ecb have worked hard to do. incredibly low. talking about 1%. across then yields board. that is how they are trying to spur growth. moves, and equity unexciting moves, the nikkei putting up big gains. take a look, the crude price coming down. well over $50 a barrel as well. great psychological barriers, buste

are, that they make sure that they are talking to family members who are u.s.izens. part of the next step is the immediate consequence of this non-decision, that the court has essentially punted this issue to the provincial elections -- presidential elections. immigrants are going to go out and vote for candidates who are in favor of their families. host: as a legal challenge moves forward, there were people signing up for the presidents program -- president's program. are those people in some sort of federal database, and what happens to them? does the government take them out -- kick them out? guest: you saw many individuals in communities going to clinics to sign up, whether they were eligible or not and going to their own personal process of getting broached advocates, proving that they are the parent of a u.s. citizen child. blocked andwas never got started, some people were not actually able to sign up officially. path for you, is the this through congress or do you think it is through another executive action that does not get challenged or a case that g

you are keeping track. >> and there are the receipts. >> hold on. i have to pull this out. right, and these are your receipts? with two locations, 20 employees, five home schooled children and a chaotic list of undone chores, there's a lot to do, but they are keeping the business afloat and they are pretty sure it's profitable. >> how profitable are you? >> i can't tell you, jj, because we grew so fast, and everything that we had we had to put it into the second store. >> they have good instincts and are working unbelievely hard but are starting to see the limits of what can be done without guidance. >> do you sit down with your finances and say, can we do that? >> no. >> i want to do that, and i cannot make him sit still to do that. >> today they get to sit still and go over the numbers. >> this is just produce from the last couple of months. these are all my invoice fold s folders. >> chris connected all the data and organized it. >> when you look at the revenue being generated by a juice bar and a vegan restaurant, you guys are doing really, really great. >> unfortunatel

what are we going to do? los.xt juan car are you ok? yes. are you arrested? yes. he didn't even have any misspellings. are you in a police van? yes. are you handcuffed? yes. are your can't handcuffed behind your back? yes. how are you writing? yes. everyone sprung into action. i called juan gonzales who called the police. we don't spend much time calling the police, put on this date it was critical because they were in their custody. our video producer raised down the police plaza and after hours they were released. but we should not have to get a record only put things on the record. [applause] critical.lutely there is a reason by our profession, journalism, is dealing with exquisitely protected by the constitution because we are supposed to be the check and balance on power. this is a very serious obligation that we have, to go to where the -- the second station, and here in new york 99.5 fm went on the air in 1960. andribute early and often yes, it's another fundraising drive. in the first years of operations they were broadcasting a debate between the great wr

we can make sure we are still taking the fight to those that are trying to attack us. the devil his eyes and the details on how you do this. a lot of these attacks are coming from offshore in countries that don't have rules against this kind of behavior. the hackers know that and the countries know that so they're all kinds of tools we can use with these countries to pass cybersecurity legislation to make this kind of behavior illegal. that's another way that we can press on this but again the devil is in the details and we have to make sure we are protecting our civil liberties while doing everything we can to protect --. >> host: congressman hurd when it comes to degrees of security as the nsa and the commerce department for example, do they need the same levels of security and should they be in the same system? >> guest: that's a very good question and the concept is called defense in depth. being able to protect everything with the same level of security is really hard to do so when you design your network and you design the data is flowing across your network you

temperatures are canadian -- are continuing to heat up. extended forecast coming up.>>> new from overnight, we talked into a chief and he said firefighters are still on the scene of a three alarm fire that broke out last night in oakland. it was reported before 11:00 on walnut street between mason and seminary. the flames were going. three or four buildings involve. crews have been battling that fire all night. right now they are still watching for hotspots. a church, realty office in a warehouse where some of the businesses damaged. >> i heard people say they heard an explosion. we haven't confirmed that. it is still an active fire scene.>> one nearby apartment complex was evacuated. no injuries have been reported in the cause of the fire under investigation. >>> investigators are hoping to look for the fire or the cause that destroyed several buildings at myrtle heights yesterday. they are also watching for possible flareups. the flames were reported at 2:30 pm when people were still inside their homes. bobby montoya heard the alarm and

that we are dealt.sorry, i am running long. back the, you pal. >> that is all right. if you have lost your keys or your phone or lost your mind looking for them, our next guest might help you out. he uses bluetooth technology to track down a lost item much easier. the ceo of the company will be wu us with us in a moment. covering fa. when your security's built in not just bolted on, and you protect the data and not just the perimeter, you get faster. wow, speed kills. systems open to all, but closed to intruders. trusted by 8 of 10 of the world's largest banks. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast bus

the wait times are better than they are. host: we're talking to patricia kime of the 'military times" about veterans' healthcare and efforts to reform the v.a. next on the line is steve from ohio on our republican line. steve, good morning. caller: good morning. i'm calming because -- calling because i feel as if the veterans, they have all signed up on their own free will, they are protecting america. i think they should be able to just walk in to any doctor at any time with proper proof that they served our country and be seen for free. they should be able to send that bill to the federal government, federal government say to the v.a. hospitals or center and say, ok, he has proof, just like when you go to the doctor, you bring in your insurance card, you bring in your dd 214 or proof that you were a veteran and done. host: ok. that's steve calling from ohio. how close to that are these proposed reforms to the veterans' choice program? guest: there's -- senator mccain has proposed essentially that, and v.a. officials, as we

we just are. we are becoming a more inclusive society.ne remaining bigotry is we do not want to be around anyone who disagrees with us. either actually, or virtually. if you get into a silo like that, you are prone to believe anything that your preconceived prejudice would allow. that is not good for us. that is one of the reasons i like all of these cgi events, because people here come from every political perspective and they make a living different ways. their whole experience is different and they find it quite stimulating to be with people who are different from them, they find that what we know -- which is that diverse groups make better decisions than lone geniuses, much less a group of totally like thinking people. we have to be super sensitive and keep looking for ways to break out of our silos because fundamentally people are pretty decent. >> unfortunately, if you are not in the boat you do not get lifted. >> we have a real structural problem today with insufficient access to the capital for a lot of underserved populations. ♪

but some are not.annual, if you will. starting out on the wrong map, this is the map i wanted. overturned vehicle west downed 780 as you come down military west. it is not in the lane but traffic is getting by but there is a rubber necker delay. fortunately, if there is anything, fortunate about a crash like this, it happens later in the commute where most people are already on to the 6220 commute. westbound highway 4 still slow. >> slow all wait into al mo live picture now. he want to show you traffic backed up through the bay bridge toll plaza. 8:16. let's go to steve. >> i'll show my age. this is 103.7, the old kksf, back in the days. >> right. >> which was my mom's favorite station. >> now it's an all eighties station. >> right. that makes us all feel goal. >> there are a few breaks but, again, very, very few breaks. >> west, southwest, temperature are going down. i don't care what happens to the forecast models. they are wrong. temperatures going down. i know usually, sometimes, the san rafael yat

we would say the expense of sectors are the ones that are procyclical, that are dependent on a growing economy, accelerating growth economy, which is clearly not the case. david: we hear time and again the american consumer is doing well. economists point to the housing market as a bright spot in the u.s. economy. how much can those two things carry the economy going forward? >> no question, the consumer sector is the largest part of the economy and can carry it, but at this point, with no help from the corporate sector, net exports, or the government in terms of monetary or fiscal policy, all the weight of the economy is now on the consumers back. the consumer sector is also decelerating. real disposable income, personal income expenditures are all moderately expected to grow this year but the major economists are bringing their forecast down to come in some case, under 1%, close to the zero mark. vonnie: if it is a toxic combination, do you park in cash? i noticed you are overweight the u.s. and europe. >> you don't have to necessarily run into a cave and hide and run into cash. some

we are very constructive, we are very positive. there are not concessions that have been asked to make good what we want is for all of us to make our country better place for all of serious people. when you have an opposition that is ordered by this -- they leave those i don't think syria is their first priority. i think you should ask these how they can give the orders that are given to them from the outside. >> next question. my question is, is there complete coalition by the resistant front to combat terrorism ? is there resistance plan, a complete plan to combat terrorism, or the resistance on the front still? they are combating terrorism. but as you can see, there are so many complicated issues in that region and with regional powers terrorists,d arming we have a big problem. committeeernational would you close the syrian turkish order today, half of terrorists would be undermined immediately in no time. we need the will of regional and national powers to have one against terrorism. there are people suggesting that isis oil an