we have two views whether or not it's a good bets. jeff freeman is the president and ceo of american gaming association. and less is the nab national direct of stock spread toer to gambling thank you for being here today. >> thank you. >> jeff let's start with you. you represent the casino industry. so obviously more legal gambling is in their interest. woi do you think it's easier access to gambling on sports why do you think that's a good idea. >> the fact is americans already spend about $150 billion on sports betting each year. 97% of that happens lefl. in every corner of the country with bookies, off shore illegal operators. our point of view is bring this into the regulated legal market. because of the laws in the united states right now, the only people who can't provide sports betting are legal regulated companies who can protect consumers in the process. >> less, your group is called stop spreader to gambling so we know where you come down on it. to the point we heard from jeff this is taking place right now. why do you think

and here you have people betting that it will and so effectively. from ok we're seeing the odds decrease and what that shows is this very strong betting occurring for this outcome for a dancer to lose by at least four goals there's always the case being made that football is so unpredictable that anything can happen even the most extreme situation of much actual want to miss dominating. we certainly want to see such severe patterns as these ones. why are more criminals turning to betting fraud and away from traditional crimes like drugs and prostitution well easy because it's a high profit low risk trade the chances of getting caught and the turnover is much higher it has grown exponentially in the last ten to fifteen years the main reason globalization and the internet. understand match fixing think of it as insider trading on the stock market certain individuals have access to valuable information in this case the outcome of a match that's information the public doesn't have and the fixes can now turn this into profit. information as well almost a

volatility and it won't stop until the bets are unwound. we don't know when things will get placid again but until the traders get wiped out finding winning stocks will be like finding a needle in a haystack you want to identify high quality companies and use the weakness to scale into them gradually on the way down betting that the vix will end at some point and the key is you need to leave room to buy more at lower levels as we're doing for my charitable trust because where this thing stops nobody knows. although if you stick with me in this show i'll give you the best clues i know at least to try to find out let's go to jeff in new jersey, please jeff >> caller: hi, jim this is eff. thank you for having me. >> of course >> caller: this is a two-part question i've been buying home depot stock for ten years since it was $20 a share >> that's smart. >> caller: thank you and i'm just wondering if i should continue buying and holding for my portfolio or not. >> look, we'll view this market in two ways. if you need that money and you need that

off like it did in spain where many people were betting on two more goals in the second half now the calculated odds are increasing and this makes logical sense given the time remaining in the game for the required goal to score for them to lose by at least four goals is diminishing meaning they should this shows that they should not have conceded two more goals what it shows is the likelihood of the happening is decreasing so the odds are good the odds are getting larger increasing. amount shows that the likelihood of that event happening is becoming less and less let's make that easier sport reader algorithm's indicate what the arch should be at any given time in the match keep your eyes on the yellow line it's what the art should be until halftime all is well immediately after the drift in opposite directions a yellow spot read on line shows two more goals highly unlikely the green bookies line indicates two very likely enough to cry foul. and here you have people betting that it will happen so effectively what receive reeling from ok we're seeing the odds decrease and what that s

they are hunting down the betting mafia and the crooks on the sidelines the game itself is local they are the detectives of match fixing the odds are going against all logic protections they are trying to win an impossible war. crime moment you will global regular in more than one billion euro but they too have powerful weapons at thier disposal as we know what they will one e-mail address or one phone numbers of thought so how do they catch the betting mafia. an honest officiating mistake or a dodgy penalty call they say seeing is believing but what if there's something more sinister taking place in the beautiful game welcome to the world of match fixing we're losing is a lot more lucrative than winning. the detectives of match fixing operate from london england the good guys sport radar chasing the bad guys only half a football federation's world wide but how do they do it. check this out the remaining second leak sometimes you don't have to watch the pitch to spot signs of match fixing pay attention to the sidelines notice the assistant coach on his cell phone he spoke more than tw

he's never going to take a bet he can't when he chickened out war and you are a big fat. plucky tail plucking my chicken my my pet chicken because talk about this i want us to start a so some of the bond market now we've been a bull market you know since i started on wall street back in the early eighty's bond markets have just gone up thirty thirty thirty five years. is it ever going to end in fact i was just listening on the ride over here to carol sokol off and if you ever talk to him but you should he's run some called thirteen d. research and he wrote a book in one thousand nine hundred two inflations ending are you ready to think about one thousand nine hundred two where inflation was thirteen percent nobody thought inflation was going to end every body was buy in equities not bonds and they should have just held them long bonds over the past thirty five years have crushed equity returns come to our terms much i really just don't know how to be long bonds gratian twenty. thirty year there are there's beat the s. and p. over the it's on was a correct it is correct an

to come to a decision >> mainly because the decisions we make are bets we tend to think of bets as happening in a casino, but what a bet really is is a decision about an uncertain future that is informed by your beliefs. >> as you say a lot of uncertainty in poker and in life but you say poker players really know how to use that uncertainty to your advantage. how does that translate to someone who maybe doesn't even know how to play poker >> if we think about it, whenever we make a decision there is a set of futures that might occur, but we don't know exactly what the future is that will happen. so, we can use that to our advantage because when the future doesn't work out a certain way that we wanted, we become less emotional about it, which i think is really good i think the other thing is we don't just assume that something turned out poorly a person made a bad decision or they're brilliant. gives us a better analytical eye so we can learn better from the outcome when we realize the way that turns out is uncertain in the first place. >> how can use strategies like this for somebody who is

risen,, banks have bridgewater's bets appear to be contrarian. $3 billion is not a huge bet when you60 billion that bridgewater managers. they add leverage to it. the exact market exposure should be much higher than $160 billion. $3 billion is not a massive debt. it is one of their bets did vonnie: italian banks hold more than just sovereign debt than the of their peers in france or germany, 10% is in italian bonds. shockappens if there is a to the entire economy -- i italian economy, or if the coalition does not impose the types of changes market participants are looking for? does that put italian banks in trouble and is that what bridgwater is betting on? >> a possibility but the market is saying something else. it is widely expected that italy will have a hung parliament. and some of the risks are factored into the market. banks are rising. there is no death we will know in a few months time. mark: how have bridgewater --rts paired over the years fared over the years? >> over the last three months when they rose the bet from $1 billion to $3 billion, the majority of the shorts hav

. >>> and betting on the birds. $4 million bets have already been placed on super bow eagles. >>> nbc 10 news starts now. ♪ >>> right now at 6:00, we are now just a little more than 24 e super bowl. >> and everything is picking up here for sure, the hype and the snow. a check of this live picture of us bank stadium and the snow is moving out and the arctic cold is coming back into minneapolis. >> we are getting the first look at the eagles on the super bowl field. the team dressed up to take their official picture at us bank stadium today. >> good ening, live f rosenfield and i am jacqueline lunden and excitement is at an all-time high as we are 24 hour away, the eve of the super bowl. >> hard to believe it is almost here. birds fans who flocked top rall ♪ ♪ e-a-g-l-e-s, eagles! >> i am going to go absolutely, 100% crazy, out of my mind. what did you have to do to your bank account to get into the game with your whole family? >> in debt. >> i did settle a case, and i said, that's it. screw it all. >> is that natural? it's natural for all eagles fans. >> you did whatever it took to be

right now you can only place a sickle game sports bet legally at a casino in nevada. that could change. the judge is considering turning over an act that's a 1992 law that prohibits states from authorizing sports betting nevada was excluded including three other states that had some form of legal sports betting wagered in but in the 25 years, public opinion has flipped. a "washington post" poll shows they favor making it illegal the supreme court is expected to rule on that challenge by this summer while all four major sports leagues soon to stop new jersey's plan, there is evidence that opposition to gambling is shifting andrew schiff says it should be brought out into the sunshine where it can be appropriately monitored and regulated. could sports betting arrive in your state later this year jeff freeman is the president and ceo of the american gaming association and les bernall is with department of gaming. let's start with you why do you think it's easier access to gambling >> i think the fact is americans are already spending about 1$150 billion and 97% of it is

he's never going to take a bet he can't when he chickened out war and you are a big fat. plucky to plucky my chicken my pet chicken because talk about this i want us to start a so some of the bond market now we've been a bull market you know since i started on wall street back in the early eighties bond markets have just gone up thirty five he says thirty five years and is it ever going to end in fact i was just listening on the ride over here to carol so koloff and if you ever talk to him but you should he's run some called thirteen d. research and he wrote a book in one thousand nine hundred two inflations ending are you ready to think about one thousand nine hundred two where inflation was thirteen percent nobody thought inflation was going to end he was by in equities not bonds and they should have held him long bonds over the past thirty five years have crushed equity returns come power terms much i really just don't know how to be long bonds gratian twenty. thirty year there are there is to be the s. and p. over there say it's i was correct it is correct my guess an

was going to buy your fun but now here that you are and i mean to be we'll get to the warren buffett bet a second that we you know he berra said you could observe a lot just by watching if it was in the dow jones soar for the past year what have you observed i have observed that we are in the euphoria stage of a bubble that we are in the melt up phase of that euphoria stage which means we're getting very close to the end and you can never predict the end date you know a great economist once said tell people when or what never together so i won't do that but i think that i have observed were highly valued in traditional stocks and bonds around the world and it's time to look at alternative assets and cryptocurrency and those things are return of assets morgan creek are you. it to be fully invested or can you take a heavy cash position how do you play this is really important question we are not obligated in a sense that you know we do have flexibility to to go to cash i would say even amongst our clients who are very sophisticated in who are who are great many of them still feel a little

here's a sure bet for you -- there are a lot of people betting on sunday night's game. >> yeah.ut it might -- it may not all have a happy ending. the warning for anyone putting loot on the line. >>> plus, eagles pride over pizza. a south jersey restaurant is getting workers a supersize gift on sunday. that story up next. (phone buzzing) i like these yogurt bites. (phone buzzing) and i like these yogurt bites... ah... ooh! apparently, i like them more than i like my phone. where...ah, oh! hello? ah, i missed it. ...my mother-in-law. i'll call her back. don't tell her i told you that. you'll like them both but love our price. award-winning little journey baby essentials from aldi. simply smarter shopping. >>> businesses across pennsylvania, new jersey, and delaware are rooting on the eagles and cracking a few jokes at the patriots' expense. this is a sign at the pike creek auto in wilmington. says "we fix cars better than the patriots fix games." >> classic. >> that's good. and you can always count on church signs for a good laugh. this is deerfield united methodist church in sale

that he made a ted sadie's was was a really interesting bet and for the first five and a half years buffett was behind it was only when q.e. started that the s. and p. had this low volatility melt and hedge funds underperformed sounds like a dog ate my homework you know it's what it is what it is is it. not buying it no i mean buffett is buffett and he knows that over a cycle like ten years time the fed is always going to come in and print money because their constituencies are the banks and they hate is inside the banks he was the chairman of solomon for years he liked bailed out goldman sachs his dad was a stockbroker he's an insider he's not going to make a trivial bet like this i completely agree with you so why you haven't is why i went buffett are you a glutton for punishment no because valuations are so extreme today that will win now the dent into the story is i did talk to him i did think he was going to take the bet three days later he sent me a letter saying his age preclude him from taking the bedouin so my guess is he's never going to take a bet he can't win he chickene

basset ice cream and dog masks at sam adams brewery after losing a bet.ere's one of the favorites. zoo new england has to name its newest goat, foles, after nick foles mvp performance, "goat" in reference to mvp tom brady, the greatest of all time. we saw a lot of love and expecting babies nine months from now. introducing us to that scored big with their brand new bundle of joy. meet this little eagles quarterback of the future at 5 pounds 8 ounces, this little guy called and audible. in the second quarter of super bowl lii. >> i said, i think we need to go to the hospital. i'll really sorry. we left our friends and our house. >> reporter: they were big eagles fans and just posted this photo of jacqueline in her late grandmother's sweatsuit. >> i had her sweatsuit from the '90s and i posted a picture before the game started in that sweatsuit. i had no idea that later i would be having a baby. >> reporter: they rushed to virtual hospital in voorhees. >> delivery was super fast. i got here begging for a pain medication and they told me there wasn't time. >

three months later, every single time i want to make the bet let go back to the chart i want to make the bet that this is going to happen again here is our average gainon a one-month period for exxon three-month period quite a good bump here if you look at the final chart, what we have is, again, the prospects of some sort of nice rebound off these lows i want to make thebet that thi very large stock is quote oversold >> all right you have a trade on exxon mikey? >> yeah, normally, in cases where we have carter frame up a trade, we look 60 to 90 days out. this is a situation. we'll see if he agrees i'm looking at the market. if it's going to move, it is probably going to move fairly sharply one way or the other you're going to take a look at opgs that are near-dated more than we would normally expect. you could spend $1.20. slightly less than one fourth the distance between the stripes. if a stock is going to move sharply in one direction with a spread, the near dated it is, the more rapidly it's going maximize value i'm choosing the structure usually, this is, i haven't been overly

i found out he was spending £16 in the betting shop.ily members. we used argue all the time. he used to say it was his money and i would say yes, but i have to subsidise because of it. we got into debt of over £6,000. gambling causes nothing but argument and £6,000. gambling causes nothing but argumentand in £6,000. gambling causes nothing but argument and in my case poverty. martin says a complete lack of personal responsibility and selfishness is at the root of problem gamblers, it ruins lives but they still persist. apps have made it easier than ever. but it is still a conscious choice. these immature boys should grow up and be men. that‘s interesting, is it a conscious choice? or have we learned that when it comes to alcohol, certain drugs, gambling, that it is an addiction, and therefore an illness? do let me know your own experiences. still to come. he‘s a singer, rapper, music producer, and a coach on the voice. now will i am is turning his attention to becoming an author. we‘ll speak to him on this programme before 10. and as th

there are lots of bets on this one, like what will be his first song. odds on favorite the feeling, even a question about award robe malfunction happening. and of course, for you, the coin toss, okay. you have a 50-50 chance every winning heads or tail, actually have the special edition coin right here in my hand. protective. i don't know how much this goes for on the black market there. and by the way, the last time the eagles were in the super bowl they won the coin toss and chose tails and one final bet to tell you about, who will win the puppy bowl? well, this is a deadlock right now. between team fluff and team rough. speaking of animals, will the memphis panda pick the eagles or the patriots? find out when we come right back. in tski mountains more than any other, family fun reaches a new peak. so whether you're a speed demon or more of a snow angel, your winter chariot awaits. pick the best peak for your family getaway at iloveny.com new york state. it's all here. it's only here. >> you know it is super bowl time when animals start predicting the

. >>> a sweet pay off for betting on the birds see how philly politicians collected on their bet with boston lawmakers. >>> there will be a little more love in philadelphia, why the iconic love statue, or when it will return and way city is welcoming it back in oo6z y2oo6y y12fy football wagers i go paying off for darryl clark. he reeped some of the sweet reward, today at city hall. >> council president clark bet boston city council president, andrea campbell, that the eagles would beat pate tree yachts and win their very first super bowl ring. so today he was rewarded with some congratulations boston cannolis from renowned italian bake shop, mike's pastry. >> thank you, council president, campbell. a bet well placed but unfortunately you came out on the tail end, and thank you, philadelphia eagles, we love you. >> all right, council president clark lost bet he promised boston council president cheese steaks from jim's steaks and pennsylvania made treats from the reading terminal market. >> um, um. >> that is good stuff. >> that sounds really good right now. >> that does. >> eagles, t

if i was going to make a bet, i would bet stocks do better for the first half of 2018.d be nerr the back half. >> dagen: you didn't think congress would get tax reform done. you didn't think they would come together to get it done. >> i've been wrong once in the last 30 years. >> dagen: again, short run, you worry longer run. >> i worry longer run. i think back-up rates will shift assets. we're going to have a bac back-f rates. >> dagen: mark short is here, and louisiana senator, john kennedy and former chief of staff under president bush, josh bolton and fox news senior judicial analyst judge andrew napolitano as well as stuart varney. you don't want to miss it. looking at futures, we have losses across the board. the dow futures are down 46 points. stocks rebounded yesterday after the biggest sell-off in more than six years durin years. the dow finished the day up on monday, 200, 2.3% higher. that was a gain of 567 points. joining us now to weigh in, new york congresswoman claudia teny and new york congressman tom slaza. good to see you both. congresswoman teny -- >>

you know that that's exactly what's going on but let's return to this martin gail betting theme which is that you can keep doubling down on a bad bet until it becomes a winning bad you mention that stocks pull back on a one day situation then hit new highs you talked about the housing bubble in two thousand and six two thousand and seven it looks like a returning to that kind of era and all of this if you were to point to one common theme or this source for all of this global asset inflation and you'd have to come back to the bank of japan you know bank of japan has been the go to currency the driving this entire bubble and nomics and the top of everything and now they've recently said mesh they're proposing to spend quote unlimited amounts buying their ten year bonds a point one one percent so if that is that still if they're going to still doing that meshed and then the yeah this is just going to continue on for a while right there wasn't even a new announcement max last the funny thing they came out in sort of debt three days ago right i haven't haven't we heard this message your r

three months later, every single time let's go back to the chart i want to bet that this is going to happen. again, here's our average gain on one-month.period, three-month period that's a good bump here. if you look at the final chart, what we have is again the prospects of some sort of nice rebound off of these lows. i want to make the bet that this very large stock is quote oversole. >> all right do you have a trade on exxon mikey? >> yes normally in cases where we have carter frame up a trade we look 60 to 90 days out. this is a situation, and we will see whether he agrees with me here where i'm looking at the market and i feel like if it's going to move i feel like it's going to move fairly sharply one way or the other i would look at march expiration, nearer date. you could buy the 77.5, 82.5 call spread. spend 1.20 gr that slightly less. the idea here being if the stock is going to move sharply in one direction, with a spread the near dated it is the more it's going to maximize. i have not been into the oil stocks this is a technical play, an oversold condition and one of the

these bets piled up, what happens when they start unwinding they create the opposite what you're betting on. they were betting on calm and now we're getting the unwind of these trade. we're getting the opposite of that. we're getting more volatility. trish: if that is the case though, it should eventually end? >> it should play out but there are two real warning signs these markets are sending. the first one, you know the economy is picking up and that is fundamentally good news but we have gotten a lot of signs in the last week that government budget deficits are rising. that government borrowing will be rising. we're talking about trillion dollar deficits related relatedt to this budget deal that is done. that is putting long-term pressure, upward pressure on long-term interest rates i think is scaring people a little bit. the final thing i would say, central banks pumped so much easy money into this economy through their bond buying programs and low interest rates. as they step away from the programs, we sea asset prices very high having downward pressure. trish: this is call kind of

the bet elements make it particularly interesting. i want something that is specifically for black people, i mean we made the joke on the show today, because there are certain people who have that feeling. do you feel like there should be a separate political dises course for black people in america or is that going contrary to what other people are saying and that is everyone should be included in all politics. >> i think that everyone is included in all politics whether they like it or not. and i also think it's perfectly okay to have platforms that are designed for targeted audiences. >> trevor: right. >> i think to me that is truly what democracy looks like. i think if the democrats were smart there would be a black party like there was a tea party established. there would be an asian and pacific islander, a latino party. if it is really a big party you should give people spaces to add flavor, add opinion, add policy, prescriptions and priority to the discourse. if are you not, i don't know how big ever a tent you really are. >> t

julia: investors bet big. carol: marvel's "black panther" at the box office.usinessweek." ♪ carol: we are here with the editor in chief of "bloomberg businessweek," joel webber. let's start in the business

best bet go online and as septa's gm said bet toward be at your station rather than later. septa expecting 70,000 fans on it's regional rail and that is the capacity. septa can move far more people 65,000 fans an hour using the broad street and market frankford lines. they are built to carry people. we can carry 35,000 people an hour on the market frankford. 30 thousand on the subway. short trips end to end. and those are the places we really can carry numbers. and what is great, it's free. >> it's free and we should emphasize it is free thanks to independent blue cross they paid a $300,000 check for the broad street line and market frankford line they are free all day tomorrow for anybody that goes on board there. back to regional rail and passes and the best time to get informations on when the trains depart tomorrow. and where they are departing from. to go online, the good place to start is 6abc.com/eagles parade. they will have the links or that site has links to all the personality information you'll need to know if you take the regional rail, where to go and when you

after betting big on bitcoin. >> $5 could be $50 tomorrow. >> is the bubble about to burst? the high risk and high rewards of the crypto currency craze. >> plus, "lady bird." >> go to city college. with your work ethic go to city college and to jail. >> the comedy taking a look at mother daughter relationships. with laurie metcalf, the oscar nominated director on the power of women in the metoo moment. >> and the sound of "star wars." inside skywalker sound. where every blast, bleep, bloop in the galaxy far, far away is brought to life. the secrets of making "the last jedi" ring true. >>> but first, the "nightline" five. >> when i received the diagnosis, i knew at that moment i am beating this. my main focus was to find a team of doctors. >> not just picking a surgeon, picking the care team and feeling secure where you are. >> visit cancer center.com/breast. >>> feel theraflu express mask. new power to fight back. the powerful new formula to defeat seven cold and flu symptoms fast. so you can play on. symptoms fast. so you can play on. theraflux e ♪ ♪ there are two types of

not 100 million, but a trillion dollars bet wrong and when you audit all the implicit bets, it may be higher. you can watch the process play out by following these three toxic volatility instruments the the uvxy and the vxx and the tvix and if they do open higher on monday, then the odds are that the bulls will have another veal bad day. that is what happened during all of the really weak moments this week and intraday today. and it will repeat itself. so put those symbols up on your monitor, they are the probable cause of the decline and tell us all we need to know at 9:30 a.m. if they open up big, we might be in the clear and now what we are waiting for is a washout where the volume dries up if that happens and the interest rates remain calm, then we will return to our regular scheduled programming on tuesday when the company pepsico reports. has a history of meeting and beating its forecast stabilizing the soda business while unleashing good and good for you snacks on top of the doritos. i am proud to be a fan of frito-lay. if the numbers are good and pepsico opens higher and the v

today a new england deli owner paid up o on his bet with the deli.hey sent the shop for a six foot long sandwich.the owner sa when he got an e-mail challenging him to a food swap wager. >> he bet a six foot sub that the patriots were going to win the super bowl. is and i just responded back, i don't know what a sub is but we'll bet you a hoegy. >>> the super bowl champs, hard to believe the super bowl champs are taking over late night line up. alshon jeffrey, chris long and jalen mills will be on "the tonight show" at 11:35 tonight. after that you can catch malcolm jenkins on the late show. >>> the players will be back in town for the parade of champions. so will about some of the biggest fans. no matter where you live, getting to the parade will require tom planning. tonight we have you covered from both sides of the river. we begin with mitch blacher with major scheduling changes from septa. >> free rides on the market frankfurt and limited passes on the regional rails is septa's success formula to celebrate the super bowl. >> that's our plan to ri

so it was betting on car markets.ught into focus is how some exchange traded products have a complexity at their hearts. they are not as risky as a vix betting etn, but there are some products out there that include derivatives at their heart. i have people questioning a little bit of what do they own in their portfolios? julia: there are a lot of technical terms in there. just explain exactly what investors were doing when they were getting involved in these products? rachel: sure. so, first up, let's talk about volatility. volatility is a way we can measure exactly how, sort of, active the markets are in terms of price swings. julia: ups and downs. rachel: exactly. when markets are calm, volatility is low. when markets start moving, volatility moves up. carol: and markets have been, in terms of volatility, low for a long time. a lot of complacency in the market. rachel: very much so. suddenly we saw that all change. that creates problems for products that bet on an against volatility. julia: they were betting volati

man i would put my bet on the field. this is a movie featuring three strong female characters that started by a female director and this is of course the first billion dollars since me too so i think it might be a woman's or what do you think i love to feel the emea and i think that it was a wonderful family should not rule out transit which is a wonderful story also dealing with refugees always a very important political topic here in europe maya spader david leavitt's thank you so much. yes you're up to date now indeed have you news you can join us again at the top of the hour or you can check out our web site or follow us on twitter in the meantime thanks so much for watching shooting w. i'm sara kelly in berlin have to see against. some. of them. from the. border. we make up over three four tons of coffee that kind of budget we are the civil service and. dean wants to shape the continent's future to be harder to enjoin to some students because they share their stories their dreams you can hear challenges the seventy

but, any time you throw the windchill it means all bets are off.em, at least the combination of it, starting to streak out with some snow out ahead of the main energy over iowa, almost entire state is enveloped in light snowment eventually this whole mess will grab onto some moisture from the gulf of mexico, turn into larger more well organized storm system, and that's what hits our area on wednesday, specifically, so i want to take you all the way to wednesday morning. right now the timing appears as though it is just going to get underway as the typical morning rush is just starting to get underway, as well. so, the leading edge of this, moving in around 6:00 a.m., or so, give or take, will be able to fine tune that timing, the closer we get. but the general idea is that you will have a whole mixed bag here. northern counties likely to start off with minor accumulating snow. and then we have more of a mixing with some icing here along i-95. so, we are going to have a mess of a commute wednesday morning, and rain further off to the south. now, eve

that can carry you a long way. >> if you are a betting man, which you are not, who would you bet on? >> i'm not making predictions. if there is a way neither team could win, i'm still angry about not getting in. no, you know, i think new england, you would say has advantage from the stand point of the experience and all of the guys have not been in the game and understanding the process by which you get to this point. then the start of the game is always interesting because it seems like it is a heavyweight fight where both sides are feeling each other out. i think the team that can start fast certainly has an advantage. >> we heard from justin timberlake in the spot saying his kid will never play football. your kids play. do you have reservations about tackle football? >> when they are old enough, i think it is fine if that is what they want to do. i will not push them toward that. i want them to be their own men. i think there is an appropriate aimi age when you look at studies and brain development and which stage it is an prop use t-- it s appropriate. i think it is middle school

when you are going to marry these brands, bet crocker, lucky charms, pillsbury, progressiveoup on the general mills side and you marry them ar the organic natural dog food premium dog food, this side is showing stagnant growth, this side is where there is double digit sales and profit growth. that's the reason why they are paying billion to buy blue buffalo. the reason why they want to do this inhe grow environment is the overall market for ped products is growing. in 201 americans spent overall about $55.5 billion. that was the size of the pet industry. steadily, it has grown until now, in 2017, where you can see an estimat near $70 billion. that's the size the pet industry in america these days. so the bigger f picture fets are growing as well. now, general mills' entrancein this particular pet food side of thing,ir t late entrance there are big established players in this industry right now. mars yes tha same candy company, mars. has ped agree, iams. eukanuba among its items. you have got nestle. purina is owned by nestle. and smucker's has meo mix, kibbles and bits, and milk bone

ray dalio raises his short bets against european stocks. >> all the conditions are in place for shortsa countercyclical view. nejra: market swings have investors running but two of the biggest names in banking explain why volatility is making them smile. >> we don't believe that what we have seen is a major disruption. >> it is a much better environment for our clients. for our client franchise bid. nejra: while some of the sharpest minds in finance and investing share their insight. >> history doesn't tell you always the right answer. >> one diversifies, re-balances. >> what should happen at the end .of the day? not hour to hour. the way television works. nejra: earnings reports with commentary. >> asia will be one of our growth engines. >> for us, digital. >> the growth is well spread over all the categories. >> it is all straight ahead on "bloomberg best." ♪ nejra: hello and welcome. i am nejra cehic and this is "bloomberg best." your weekly review of analysis and interviews from bloomberg television around the world. on monday, equities coming off their worst week in two years, u.s

millbrook avenue is going to be your best bet there. plus, a fire that happened yesterday morning, in old city , still affecting us this morning, chestnut street closed, between second and third street. your alternate market street, second and street street closed right now, rahel, back to you. >> meisha, thank you. more now on the breaking news, salem county new jersey that huge fire burning out of control at an ambulance company. this is the american legion ambulance association on maple court in woodstown, neighbor posted this video just few minutes ago on facebook. >> fire companies responding to the fire, no word if any ambulances cents are were damaged if the fire, so far there are no report of any injuries. we want to take to you live picture right now, the flames errupted earlier, neighbors took to social media and recorded hearing explosions, you can see, most of the flames are now out, but there are still a lot of smoke from here you can also see the building appears to be a complete lost. we will stay on top of this and bring

market treat going to be your best bet. also, because of that fire, septa buses are being detoured around the fire area. take a quick peak at these, just make sure to check those schedules on line. rahel, back over to you. >> meisha, thank you. let's get back to the breaking news meisha just mentioned, raging fire at an ambulance company in salem county new jersey, this is the american legion ambulance association on maple court in woodstown. flames errupted around 4:00 a.m. neighbor posted down the street this video on facebook. >> here is a live picture of the scene, you can see that the bulk of the flames have been knock down. although there were no injuries, just learning that all six ambulances inside that building are a total lost. huge blow for the community. another ambulance company will cover emergency calls until the vehicles can be replaced. too early to know how long that will take. >> meanwhile, right here in philadelphia, investigators are hoping to get into a bill thank caught fire early yesterday morning in