mnuchin: we are studying ultralong bonds as something to look at at the treasury. a working group looking at it. we think it is something that can make sense for us at treasury, but on the infrastructure side, the president is determined to make a major investment in infrastructure. there is a huge part of the infrastructure that needs to be rebuilt, and we will do that through public and private partnership so we don't believe in the budget by one trillion dollars. john: you think governments look at infrastructure in the wrong way? if you are running a company, which you have done several times, long-term investment, that would be counted differently than short-term cash flow. is that one of the restrictions you face? mr. mnuchin: absolutely. as you know when you are running a business, you have an income statement and balance sheet, and if you are making an investment with a 20 year or 30 year payback, you don't expense it all in day one or look at it as a complete expense. the government budget treats everything as cash, so it makes it more difficult. john: if y

that is something we are considering at treasury.k: an wilbur ross shares his thoughts on what needs to happen with nafta. >> nafta is an old agreement, and obsolete agreement. it does not reflect the current status of either the mexican economy or the american or the canadian. ♪ ♪ erik: welcome back to a special edition of "bloomberg best." from the milken institute global conference. i am erik schatzker. president trump has promised to overhaul financial regulation, health care, and the tax code as part of his vision for america's future. john micklethwait spoke with treasury secretary steven mnuchin about the administration's plans to spur growth and enact reform. mr. mnuchin: i think there are a lot of things we need to do to create economic growth. the tax plan is one of them. we think reform of the tax plan, middle income tax cut, making businesses more competitive. we also need regulatory relief. too many businesses are held back from making investments because of excess regulation. we also need fair trade. john: firstly on th

one of the things i like to do is looking at our 10 year treasury premium measure. u can see here is we have taken out quite a bit of the postelection jump in term premia. two-yearn look at the tenure spread and see the narrowing. it is at the narrowest since the election. that igood like at how the trump trade has been narrowing. markets have not bought into the trump trade as much. jonathan: we will get to the spreads and the curve in a moment. in june.e move we ought to move in september. is fading the fed the right thing to do on the back of political drama through the week? >> i think it is too soon to say for sure. stories are hitting the tapes with a frequency we are not used to. i think it is probably too early to hit the fed. our theory is the fed will hike rates in june, and continue telling the markets that they will probably try to get another one in this year. broadly, for em more is it a favorable environment from the medical -- from the federal reserve? your view onor in the federal reserve, looking at em's pacific lee, -- >> the key is the u.s. dollar

as you and your team at treasury work through this, are you reviewing the reforms made to the mortgage market that would address practices that took place at one west, including protecting -- you mentioned the banks you brought in the room. but there are customers, there are community people that you didn't mention. but the practices that took place at one west, protecting home buyers from predatory mortgages. banning robo signings, other harmful practices, evaluating borrowers for their ability to repay a loan. are you reviewing those reforms? >> there will be a series of reports, and we will be making recommendations on things that impact home mortgages. >> i'm just concerned, as i sit through this, these hearings, year after year after year, so many of my colleagues have suffered this collective amnessia about what happened ten years ago. i don't want you to suffer from the same affliction. meeting with stakeholders and wall street reform and housing finance reform, how many industry groups have you -- not your staff, but how many industry groups have you met with versus how many co

. >> it is something we are considering at treasury.ould be anrica exciting place to invest. >> we did not meet expectations this quarter. >> and ben bernanke questions the timing of the trump tax cuts. >> it would have made more sense to have more spending in 2013 or 2012. >> a big miss for apple headlines the earnings reports. >> facebook with another great quarter. >> must have missed it by 50% and stock went up. >> it is all straight ahead on bloomberg best. ♪ julie: hello and welcome. i'm julie hyman. this is "bloomberg best," your weekly review of the most important interviews and analysis from around the world. on monday, president donald trump shared his thoughts on a number of economic issues with the bloomberg news. his comments made headlines and moved markets. with an interview bloomberg news, the president says he is willing to me with the leader of north korea. he also says he is considering breaking up the big banks. >> we are looking at it. dodd-frank is going to be very seriously changed so the banks can go back >> to w

treasury market. a little more than you would expect if you just look at the 10 year treasury yields themselves. e of the things i like to do is looking at our 10 year treasury term premium measure. this is on the bloomberg terminal. what you can see here is we have taken out quite a bit of the postelection jump in term premium. >> you can look at the two-year tenure spread and see the narrowing. it is at the narrowest since the election. that is a good way of looking at how the trump trade has been narrowing. but bond markets have not bought into the trump trade as much as the stock markets have. jonathan: we will get to the spreads and the curve in a moment. we had the odds of a move in june it rolling over. we had the odds of a move in september rolling over. is fading the fed the right thing to do on the back of political drama through the week? >> i think it is too soon to say for sure. clearly, stories are hitting the tapes with a frequency we are not used to. i think it is probably too early to fade the fed. our view is that the fed will hike rates in june, and continue telling the markets

we are studying it at treasury. we are looking at it. we think it is something that could make sense for the treasury. on the infrastructure side, the president has determined that we make a major investment. there is a huge part that needs to be rebuilt and we will do that and a lot of different ways -- we will do that in a lot of different ways. >> would you think that, fundamentally, governments look at infrastructure. everything gets chucked into general accounts. with long-term investment, that would be counted differently than short-term cash flow. are those the restrictions? >> absolutely. you have an income statement and the balance sheet. you are making an investment with a 20 to 30 year payback, you don't expense it all in day one month or look at it as a complete expense. the government budget treats everything as cash. >> more investors are watching this network than anywhere else in the world. if you had to bring them in to finance that if a structure, what would you make? pricing? long-term? ->> we have seen lots of interest

read more about the delay at thehill.com. in the treasury department, secretary steve mnuchin recently testified that finance reform is a priority for the trump administration. he also talked about the administration's position on glass-steagall, the law from 1933 that separated commercial and investment banking. secretary mnuchin appeared last week before the senate banking committee. >> this hearing will come to order. thank you, mr. secretary, for attending today. this is secretary mnuchin's first hearing since being sworn in in february and we look forward to our discussion. many of this committee's priorities fall within the jurisdiction of the treasury department, including housing financial reform and development of policies to encourage a healthier economy. we look forward to working with you and your staff on these priorities and improving the lives of americans. housing finance reform remains the most significant piece of unfinished business following the crisis and it is important to build bipartisan support far ath forward. last

. >> that is something we are considering at treasury. it will be exciting places to invest. >> we did not meet expectations this quarter. it was not the first quarter we did. x and we -- >> and we question the timing of trump's tax cuts. plus, a big miss for apple. that headlines a big week of earnings reports. >> facebook had another "great quarter." -- stock wenttop up. >> it is all straight ahead on "bloomberg best." ♪ julie: hello, and welcome. i'm julie hyman. this is "bloomberg best." your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. on monday, president donald trump shared his thoughts on a number of political and economic issues with bloomberg news. his comments made headlines and moved markets. >> in an interview with bloomberg news, president trump says he is willing to meet with the leader of north korea and he also saying that he is considering breaking up the big banks. pres. trump: we are looking at breaking it up as we speak and , dodd-frank is goin

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> right now at 4:00 a cloudy cold and damp day to the start of the week but a good day to stock up on yard splice when the sun does finally make the return. nbc 10 at a busy home dpo in montelongo county opinion taking a live look at the stadium in wilmington. fans of blue rock baseball had to have a jacket handy for the game this afternoon. but the good news a brief break from the weather later this week. >> before we get to that glenn hurricane schwartz is track ago capitol hill in the air. fwlen almost feels like fall. >> yeah. the temperature is way, way below average. average high is 78 for this time of the year. so far we've only gotten 63. 15 degrees below normal. got a lot of clouds, one of the reasons but at least the clouds aren't as low as they were earlier. less gloomy. the sunshine is in central pennsylvania, down toward washington, it's that wind coming off the ocean th

we have had a very large group at treasury working on this. ahead of time was that we wanted to make sure that we reached out to many different groups and got feedback, that this was not something that the treasury was just designing on its own. i know certain people refer to this as a review of dodd/frando. it's one of the things that we're looking at but it's much broader than that. we have met with over 16 different groups. many of them having 50 or 100 people. we have had community banks. we have had small and medium sized banks. we have reached out to each one of the regulators and had working groups with each one of the independent regulators to make sure we have input from them. and we will be issuing a series of reports the first one coming out shortly which will be on banking. i will say one of the big focuses we'll make sure that as we have different regulators, we have proper coordination between them and this is something that i have also been working on at fsoc where i take my responsibility as chair very seriously. >> thank you v

we think it is something that could absolutely make sense for us at treasury.ucture side, the president is determined that we do it major investment. they are a huge part of the infrastructure that needs to be rebuilt, and we will do that are different ways. public private partnerships and financing so we don't believe in the budget by $1 trillion. >> do you think fundamentally governments look at infrastructure in the wrong way? every thing gets chucked and a general accounts. 70you are running a company, counted differently the short-term cash flow. is that one of the restrictions you face? : steve mnuchin absolutely. when you're running a business, you have an income statement and a balance sheet. if you're making an investment that has a 20 year or 30 year payback, he done extensive all in day one -- don't expense it in day one or as a complete expense. budget treats everything has cached so nice it more difficult. >> if he had to bring them into finance at infrastructure, what is the main ploy you would make? we've seen a lot of interest from our counterpa

we have a large group at treasury working on this. emphasize things i ahead of time was we wanted to make sure we reached out to different groups and got feedback that this wasn't something the treasury was designing on its own. i know certain people prefer to this is a review of dodd-frank. it is much broader than that. we have met with over 16 different groups. many of them having 50 to 100 people. we have had community banks, small and medium-sized banks, we have had working groups with each one of the independent regulators to make sure we have input from them, and we will issue a series of reports. the first on coming out shortly on banking. one of the big focuses, we will make sure as we have different regulators, we have proper coordination between them and this is something i have been working on at the stock, where i took my responsibility seriously. chairman: thank you, senator brown? senator brown: your nomination gush onon generate 19, january 19, you stated the bank you are affiliated with did not engage in robo signing a

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> time for sports jeff is here and philly has one in the win column and they worked overtime to do so. >> they will take it any way they can get it. it's brutal around here a rocky road not only are the phillies unable to win games they have not had a lead since last saturday and the phils trying to play catchup. valesquez allows only one run. trevor story the solo shot. phils down 1-0 but who would thought he would catch this a double play and something to clap about and then this in the seventh, the phils finally on the board. tommy joseph, gone. we are tied 1-1 and then joseph again in the seven and rib single bang. and a walk-off win. >> a good step in the right direction helps with positive environment and we look to build on it. >> little by little we'll get there. you know, we are going to start playing better. >> phillies hall-of-fame first base man mike schmidt beat skin cancer

if you look at the spread of the u.s. treasuries and u.s. yields against the rest of the dollar index -- look at that. it's the widest since march of last year. what impact will this have on the dollar, when you add everything together? this is a real yield, simon, in terms of the fed, meeting this week, no change is expected. but this could mean that the dollar has a big leg on the upside. >> it does. theirhy i think, for all bullish talk, the fed are more likely to move -- there's still that 3% to 3.5% yield for interest rates. i se struggle to see that in this environment. look at where the boj said in recent sessions, keeping guidance unchanged, or we are years away from that. that versions, which we have -- that divergence, which we have been talking about, is alive and kicking. anna: does that mean that if you're exposed to emerging markets and fearful of a stronger dollar that you should be concerned? i was reading a great these on the bloomberg today, quoting robert louis stevenson, saying the world has a grand memory for forgetting.

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> more fallout from the chaos in the texas state capital. yesterday protesters filled the building and lawmakers fairly turned violent on the house floor on a crack down on sanctuary cities. that lawmakers got in a shoving match and even verbal threats and the gop allegedly called someone to call ice on the demonstrators. ice officialeds said today they are not aware of that call. >>> in raleigh, north carolina 32 protesters were arrested at the general assembly building. they were holding a sit-in for the expansion of medicaid to give health insurance to more low income people in the state. the president of the state chapter of the naacp were among those arrested. >>> sea world in san diego, their new orca exhibit is open months after an end to its popular whale show. it's orca encounter it explains how they eat, communicate and navigate and gives them a chance to see them up close. but

as a prosecutor, at treasury, and as head of the brennan cent i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >> let's kick it, how long can the union keep the good times rolling? they have four in a row. >> 17th minute, no score, union on the rush. an opening, but check out the defender, aaron man, kicking it away at the last minute. later in the first half, on the give and go, lone goal, union lose 1-0. >> eagles next round of offseason workouts is tuesday. it's volt fairy. the little scholars held an award ceremony. goalic gives us his thoughts on defensive end derek barnett. >> i watch the guy play. i love the way he gets off the ball, making plays to the ball. philly fans are going to love the way he plays the game. the soul are on fire. up by seven with less than a minute to go. the valor score, they have a shot at tieing the game, but they botch the extra point. they hold on to win 48-47, 7-0 on the year. >> as a former player and coach, i know how much that hurries. and how much testify coac

that is something we are considering at treasury. we have a working group looking at it.ld absolutely makes sense. let's get back to geoffrey yu, ubs asset management head of u.k. investment office. is is the right message for investors now? geoffrey: we just have to be careful about ultralong bonds. you want to issue them because you are confident you can finance them at an attractive you think interest rates are low and your economy, what are you saying about your economy? francine: like japan. geoffrey: exactly. is not like japan. japan is self-funded. they can go out to 100 years and demand will not be an issue. but the dollar is still the global currency of choice, so that is an issue. if the fed has a yield curve projection that goes out 50 to 100 years and is pointed at relatively low rates, what does that say about growth in the united states? francine: but do you think these things are what they're looking at and have to dismiss? geoffrey: the u.s. has long data liabilities. is one case. secondly, if you do targeted investments, for example, issue ultralong data

the idea that we should be a lot lower in treasury yields, it is a challenging one to put forth. jonathan: athe start of the year we had an aggressive short and treasuries and i want to pick out the speculative positioning on the 10 years because it has changed. we came in with a big record short. jeff gundlach asking the igs,tion, when this chart z should use that? do you have to go the other way to think about where the positioning is? >> it does not change the fundamentals of the trade so you are talking about 10 to 20 basis points. at the end of the day, the longer-term trends are in place that i think serve as a range bound type of existence for 10 year yields. jonathan: what do you make of that, the consensus has often been wrong in the treasury market over the last couple of years. will it continue to be so? brian: probably. i think the market will be relatively calm for the balance of the year. the market has a funny way of surprising us. jonathan: i ask this question on almost every show every -- every show. have we seen the low? i am going to ask you the other way, have we seen the

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. ♪ ♪ with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room dvr service for 2 years. all with a 2-year agreement. switch now at fiosgigabit.com. >> at some point, the phillies are going to turn it around and start winning games. when might that be? >> it wasn't tonight. four hits and two runs. >> we have run out of ways to describe how bad the team is right now. phils and mar rynns, phil marli. phils fall behind early, down 1-0. later in the inning, velasquez leaves with a flexor strain. >> mark wider comes on for relief, a five spot on him third inning. >> the phillies lose 7-2. they have dropped 24 of the last 30 games. >> major league baseball has spoken. hunter strickland gets a six game speption, bryce har

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> i'm john clark from csn. eagles back to work after the holiday weekend. a bunch of birds weren't there today, but fletcher cox is back with the team. take a look at him. it created a a lot of debate with eagles fans. should he have been there at voluntary practice. he's the highest paid defensive player, but he's here now and spend iing time with his family. >> it was at the time my family can take off work and it's a time i get to spend with them and back again, that's what's important. football and my family is very important to e me. it means a lot. the contract i got last year, they know what type of guy i am. i got a lot of respect from guys in the locker room. you expect that. i also expect those guys to respect me. >> one guy who has impressed eagles coaches is derek barnett. defensive coordinator jim schwartz says he can get around a tackle and get really low. and get to the qu

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. fancy cars and girl scouts celebrated at one of more popular memorial day parades. >> police search for an armed robber who held up a popular convene store overnight. >> we honor men and women who served in our military. sky6 live hd taking a live look at penns landing at the vietnam veterans memorial. a ceremony will be held in a half-hour to remember those who died serving our nation and wounded in the war. >> now, let's take a look down the shore, sky6 live hd and cape may, not a lot of folks on the beach, kind of gray skies at the jersey shore, it's been less than ideal on this weekend so far on the memorial day holiday, but not a total washout. we have team coverage of the memorial day festivities across the region. jen jen -- jeanette reyes in bridesburg, bob brooks down the shore and we have david murphy with the accuweather forecast. >> reporter: i had a tweet from a viewer a m

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >> good morning everyone, it is 6:00 a.m., thursday, may 25. here's what's happening. >>> a man involved in the murder of a 12-year-old south jersey girl in 2012 is facing new charges this morning. police say he was injured while committing a violent home invasion. >>> police say they caught the driver who caused a serious crash that injured a dozen children. >> the sun is out there somewhere, just not around here, grab the umbrella, the rain is back, you'll need the umbrella for most of the day. >> it has been shining somewhere on the planet. >> reporter: go to florida, i guess right now. we have rain

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the, to the nra, to the dark money that poisons our politics. >> good morning it is 6:00 a.m., friday, may 26. >> good morning, everyone, we're following breaking news, a holiday trip sent dozens to the hospital when their tour bus crashed on the new jersey turnpike. >> breaking a gun fight in philadelphia, two people are wounded. >> the clouds are clearing and the sun is once again

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theto the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. you can choose the arm, you can choose the leg. >> with all of the new eagle receivers and all of the drops, will the eagles drop jordan matthews? matthews calls trade rumors fake news. he doesn't want to be trumped by others. he caught a career low three touchdowns, he knows he has to step up. >> i feel competition will help reproduction. you have more guys coming in and working, you have to worry about keeping your job, making plays everyday. that goes for everybody. the competition is raising to help us mostly. >> will the sixers pass on ball? the point guard is considering a pre-draft workout with the sixers according to espn. >> lebron james and the calves, how about passing michael jordan for playoffs. cleveland wins 135-102 for the third straight year they face golden

matthew: if you look at the 10-year treasury yield, it has come down a bit. e of the ways i like to look at it is looking at term premiums. that is a nice measure of how people are looking at the trump presidency and its affect on markets. quite a bit has come out of the market, a little more than you would expect if you just looked at the 10-year treasury yield. i like to look at our 10-year treasury term premium measure, and what you can see is we have taken out quite a bit of the postelection jump in term premium. jonathan: lisa? lisa: you can look at the two-year, 10-year spread. it is narrowing since the election. that is a good measure of how the trump trade has been of operating. bond markets have not bought into this quite as much. jonathan: we will get to the curve in just a moment. fading the fed seems to be the story of the week. the ultimate move in september rolling over, is dating the fed the right thing to do? matthew: i think it is too soon to say for sure. stories are hitting the tapes with frequencies we are not used to. our view is that the

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. say hello to the new frozen dunkin' coffee. real dunkin' coffee, blended frozen, creamy smooth. a whole new way to enjoy your favorite coffee. try a small for $1.99. america runs on dunkin'. >>> good morning it is 6:00 a.m., monday, may 29. matt o'donnell is off, jeanette reyes joins us. >> philadelphia police are investigating a double stab being that killed a man. >> sparks fly in the city lawncrest section leaving several people without power. >>> it's a soggy start to the memorial day holiday, but that won't dampen the entire holiday. >> let's find out about that, david murphy is outside taking a look at the skies. matt pellman is in karen rogers. >> reporter:he

we are considering that at treasury. we have a working group looking at it.think it is something that could absolutely make sense for us at treasury. is there going to be any demand? is this a situation that will become real for the market? let's talk to the head of .uropean rate strategy will there be demand beyond 30 mark -- >> we have seen demand in europe, so i don't see why it can't translate into the dollar market. the question is whether or not the treasury wants to make that step? i think it is more a question of how much do they feel as the world's reserve currency, they don't need to issue long duration are able to continue to assume a relatively short -- >> what advantage would they get going beyond 30? -- what would be the yield gap between 830 and they 50 in the u.s.? peter: theoretically, not much yield gap. 50, you get beyond 30 to there is a lot of complexity that should mean it is possible to issue at lower yields to 50 than 30. in europe, we have learned that no one is really able to issue and offer all of that complexity to investors withou

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. pro-tip for making ribs: don't go it alone. get these great smoked ribs. thanks. sure. twenty minutes on the grill. and they're done. you think he cares if i smoke ribs for six hours? what? what? summer made easy at amazing prices. only at giant. >> senator john mccain vladimir putin a bigger threat than isis. >> he made that remark while he was in australia meeting with australian leaders to discuss security and such. during interview mccain admitt d that he views the russian president as a number one threat to the u.s. and he expressed his concerns on putin' as tempt to change the out come of the american lengs and why america and the world should impose more sanctions on russia. >>> just tried to affect the out come of the french election. so, um, i view vladimir putin who is dismembered ukraine a sovereign nation who is putting pressure on the balance ticks. i view the russians as a far

this has been a significant few months at treasury. we had been studying, developing and implementing policies that will put this country on the path toward sustained economic growth. in the coming months we will work with this committee and this congress and we will look back at an important time. thank you and i look forward to answering your questions today. were glad to have you here. we appreciate the way you have taken over. and doing your work. mister secretary an op-ed was written by then senator obama senior advisor on the only argus 14th 2000 addition. i put that in the record here at this point. and they stated that that the then senator obama tax proposal would reduce revenue to 80% of gdp. that would be a target that they thought was desirable. that target certainly exceeded the long run average. the nonpartisan ceo tells us it's about 17% over the last 50 years. the current in menstruation's budget has revenues averaging 18.2 percent of gdp over a ten year budget window exactly when the then senator obama was advocating.

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theto the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. you're not taking these. hey, hey, hey! you're not taking those. whoa, whoa! you're not taking that. come with me. you're not taking that. you're not taking that. you're not taking that. mom, i'm taking the subaru. don't be late. even when we're not there to keep them safe, our subaru outback will be. (vo) love. it's what makes a subaru, a subaru. very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- jordan peele, claire foy, musical guest iggy azalea featuring anta

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from thehe nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. ♪ ♪ introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room dvr service for 2 years. all with a 2-year agreement. switch now at fiosgigabit.com. >> ducis rogers is here now with sports. >> the phillies. >> what can we say? >> not much. >> just where is rock bottom? we are not sure. it feels like the phillies are on a mission to find it. they entered this night having lost 16 of the last 22 games. herrera benched, batting 132 since may 9th. third inning, jeremy ellison in a 1-0 hole. phillies are down 2-0. phillies on the board in the sixth inning. aaron altair, devastating the cut to one. in the bottom half, hellickson gets a two run

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. ♪ tires have a new home. midas now sells great brands at great prices. get $100 off instantly on select goodyear and cooper tires through may 31st. find your tires online. trust the midas touch. >>> tonight, breaking news as we come on the air. the abc news exclusive. president trump's sons called to the fbi. learning from authorities that foreign hackers tried to break into the trump organization. >>> also developing tonight, president trump's son-in-law jared kushner, a top adviser in the west wing. now, his meetings with the russians under fbi scrutiny. >>> blistering words from hillary clinton. what she said today about impeachment that immediately made headlines. >>> severe storms hitting tonight and tomorrow. several major travel cities in the bull's eye. rob marciano standing by. >>> the serial killer, and the woman found in a container on his property. tonight, how many victims

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> "action news" at 12:30 continues with rick williams, sara bloomquist and meteorologist, david murphy. >>> hello again here are the stories we are following for you now on "action news" at 12:30. >>> the 14-year-old shot and kill said identified and the search for the shooter continues. >>> and tiger woods says he was not drunk behind the wheel but had a bad reaction to medication. here is the details about the arrest. >>> and dining on the only tall ship in the world that doubles as a restaurant. >>> the search is on to find a gunman that shot two teens in philadelphia killing one of them. on the 2000 block of orleansment street. the call went out and we know the name of the 14-year-old killed. >> reporter: the search is on this afternoon for the person that shot a 16-year-old boy and killed a 14-year-old found lying in a pool of

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> we continue to track these storms. this is a live look at the radar. this is coming at the worst possible time for people heading out to their holiday destination. taking a live look at center city. you can see broad street is wet right now. glenn schwartz will tell us how long the rain will last in the neighborhood forecast this a moment. he he also says the reports of hail in south philly and center city. more on that in a moment. >>> to this now. every time you grab a beer wharks you pay trickles into the local economy. new numbers show just how much. a beer industry trade group released a report showing between bars, broeweries and stores, it counts for $1 billion in delaware. $6.5 billion in new jersey. and $11.4 billion into pennsylvania's economy. as randy gyllenhaal reports, this coming weekend will be one of the biggest for beer sales. >> within the next 48 hours, the shelves

treasury has played a key role in our government since its creation more than two centuries ago. that role expanded in the wake of the great recession when it became clear at great cost that rules in place for financial services were inadequate. given the greater role that the treasury secretary plays and oversight of wall street, it makes sense he would devote some of his time to conveying his views and those of the administration on issues within this committee's jurisdiction, to us into the public. so far, that communication has been insufficient. questions posed to the secretary questions posed to the secretary by me and by other senators have gone unanswered, or were answered by non sequiturs. i hope today will give an opportunity for all of us for more forthright conversations. tuesday, we held an ordinary hearing that turned out to be quite extraordinary. three of the four nominees will work in national security positions in treasury is confirmed. the fourth will work in a national security position in commerce. the nominees were asked if they would put the law and the constitution and their country ahead of loyalty to the president. amazing and unp

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room dvr service for 2 years. all with a 2-year agreement. switch now at fiosgigabit.com. >>> the sun has finally come out and will stay for a while. maybe two or three days before it leaves for the second half of the weekend. storm-a lot of sunshine this afternoon showers in parts of lancaster and berks county and a cluster of storms near baltimore and washington and they could hold together but most areas are dry just a chance of a scattered storm. now we close out the month of may into june we think of the shore. ale little chilly down there this afternoon the lifeguard

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from thehe nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. you'busted tail.rd. and impressed the boss. maybe, it's time to be your own. transform your career with strayer university's mba program today. let's get it, america. >>> and finally tonight, a national security expert warns us that warnings don't always work. he says that officials have routinely ignored catastrophic threats despite strong calls to action. and according to him, it's still happening today. here's "nightline" co-anchor dan harris. >> reporter: on this holiday weekend beefed-up security at parks, parades, and sporting events in the wake of the horrific act of terrorism at the ariana grande concert in manchester just a week ago. with isis claiming responsibility for the attack, it brings into stark relief this question. could the rise of this terror group have been prevented? in his new book "warnings," former national security official and abc news consultant richard clarke says yes

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> a life cut short. a community remembers a 14-year-old gunned down on the street. >>> comedian controversy. why kathy griffin is apologizing for a joke about president trump. >>> sending a message with underwear. the story behind this protest at the philadelphia police department. >>> he can be selfish. >> right now at 11:00, a family devastated. this 14-year-old who loves football and boxing was gunned down in the streets. now family members say it's time for the violence to stop. good afternoon i'm jacqueline london. that teenager's killer is still on the loose. brandon hudson shows how his community is calling for justice and peace. >> reporter: on the same street where someone killed taimir, a mix of family and friends and neighbors gathering in front of a memorial to the 14-year-old. >> something like this happening is terrible. >> reporter: robert smalls is frazier's uncle. he

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> good friday evening, everyone. from csn, the war of words in the east is getting started earlier with renowned trash talker redskin quarterback josh norman taking aim at opponents within the division already. norman entering the second season in our national capital told bleemp report, trust me when i tell you bad blood this year. you think the nfc east didn't like each other before? a lot of fines and some suspensions. i'll be honest with you. this -- blank -- will get really ugly. i do have a safety that doesn't give a -- blank -- and i definitely don't. beep, beep, beep, beep. >>> moil, chip kelly landed a job at espn as a college nfl analyst, nfl duties on sundays ps fired at the head coach of the san francisco 49ers. won 26 games as the eagles coach. >>> and opening a three-game set set. pete mackanin electing to bat in the leadoff spot. the manager on that reasoning. >> i want to g

carried out in congress, fbi investigations, there's the money laundering investigations happening at the treasury. there also may have been happening in federal prosecutors's offices. we're looking around at the ongoing investigations wondering how they can be protected, whether they are susceptible to pressure or firings a la james comey and preet bharara. other means the administration might try to undermine them because they can't imagine. i'll tell you and this is my last point, there is one other place we need to look at if we're trying to protect the investigations. people who know this stuff are starting to focus on this in particular in terms of how these parts of the investigation can be protected. and that's two specific inspector generals offices. last night on this show we reported exclusively that the justice department is refusing to say whether jeff sessions has recused himself from any department of justice investigations that might include paul manafort. we don't know if jeff sessions is recused from matters involving manafort because the justice department will not say, which is

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from theto the dark money that poisons our politics. i'll be nobody's governor but yours. >>> travel consideration provided by -- >>> entering the town of twin peaks. never seen so many trees in my life. >> "twin peaks" has returned after 25 years, and we sat down with all the og cast who are back, as well. >> nice. bye-bye, everybody. >> more than 34 million people tuned into the pilot episode back in 1990, as this weird murder mystery reshaped the tv landscape. >> there was a huge rush of new television spots. >> people had -- >> they had to get a new television. >> that's good. >> a quarter century later, kyle mclaughlin steps right back into the shoes of agent dale cooper. >> i just had a cup of coffee and a bite of doughnut and i was ready to go. this is, excuse me, a damn fine >>> "the insider." tracking the biggest stories making news today. number one -- red nose day brings "love actually" back with a few surprises. >> hello, darling. >> you're a very nice wife. >> and the cast of "thi

as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from thefia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >> announcer: today, things are heating up, and we're celebrating the season with "the chew's" summer kickoff cookout. mario's racing the clock to whip a delicious app in a snap. then, carla's in the kitchen with the winners of "dancing with the stars," rashad jennings and emma slater. and they've got a dish with all the right moves. plus, batter up. michael's putting a new spin on a stadium snack that's a guaranteed home run. we're kicking off summer in a spectacular way, right now, on "the chew." [ cheers and applause ] ♪ >>> hey everyone, welcome to "the chew." guys, it's memorial day weekend, which means summer officially arrived. are we ready? [ cheers and applause ] >> float