what has been the hot new smart beta etf? eric: all the new launches are smart beta.re's no more pla vanilla etf's to launch. there's some risk managed ones that shift to cash if the market gets rough. some have $60 million -- early successes, but nothing like the $200 billion we have seen into etf this year. mark: still ahead, apple chief executive tim cook speaks exclusively to bloomberg. why he doesn't want to be on the president's advisory council, next. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york and london, i'm vonnie quinn. mark: and i'm mark barton. this is "bloomberg markets." emma: china is ready to increase its holdings in u.s. treasuries. officials suggesting treasuries have become more attractive than other sovereign debts. plus, the yuan has stabilized. president trump may be adding pressure -- mideast leaders he met last month accused qatar of financing extremism. in london, future terror attacks -- if prime minister theresa may wins thursday's election. could losehat london 13,000 police officers if may wins. joseph

and so beta is. i think one of the biggest things in the government why that is things the government really want to preserve beta at once they realize he wasn't a number three guy wasn't al qaida was he was. even as a rule judge that was good was. is very variable in urging to government really really want is rule directions more. as we all learned from watching traffic parklife finds a way and now it appears that nature has found a way to recycle old cigarette butts in a recent published study researchers at the national autonomous university of mexico have discovered the birds in particular house finches are using cigarette butts to line their nests in response to ticks and other eco parasites while birds living in close contact with humans have long been known to use our trash for nest building it wasn't until recently that when it comes to cigarettes there may indeed be a math aid to the madness nicotine has always been and that will fresh breath an insect repellent and in an experiment thirty t

i want to ask it in your opinion john where does a beta actually fall on the spectrum of what the one side says is number three man is the completely clean lead where where where where there's a joe and i really really struggled to to make sure that the readers understood that was a beta situation and position was far more complicated than dick cheney or the opposite way to defense attorneys would have you have you believe i was a bit it was not the number three and that was just simply not true i don't think that cia officers and white house policy makers were lying at the time that they said he was number three i think the intelligence was so bad that they just didn't know and they made an assumption that turned out to not be true on the other hand the defense attorneys would have you believe that this poor poor man was mistakenly captured that the intelligence was so faulty that. his life was essentially ruined for something that he didn't do and that's just not true either it's something down the middle i was a beatle was the largest station for al qaeda even though he did not eve

. >> they were actually beta fish. beta fish last for two weeks.m much. >> trevor: what do you mean, wait, let's go back. you said they last for two weeks? >> yeah, fish don't live that long. >> trevor: you can't say fish last for two-- what do you mean? >> well, i mean, if you have a fish in a tank-- not like a tuna or something crazy, unless you have money like that, or something like that. what i'm saying is beta fish for the children. you can put it in a flower pot, give it a little bit of water, a little oxygen. >> trevor: and then it dies after two weeks? >> allegedly. >> trevor: why would you give this to children? >> well, children don't come to listening parties. so if you give it to a child, it's your decision. i gave it to you to do what you want-- >> trevor: i see, you gave it to the adults. >> i gave it to the adults. what you do with it when you get home is your business. ( laughter ) >> trevor: i don't know if this is the best gift or the worst gift in the world. i mean, this is-- >> it's subjective. >> trevor: that's what it is. >>

is growing, but i think on a relative basis, it's more the traditional versus the smart beta etf >> so this little comeback, restart, resurgence, whatever sort of you want to -- whatever descriptor you want to use for what some of the value stocks have done, as jim was pointing out in the last couple of weeks, you don't buy it you just think it's a short-lived phenomenon >> we think it's more short lived. i think the big sell-off that growth faced, almost the five-sigma event two fridays, we saw that almost entirely as mechanical, driven by certain systemic flows, not necessarily driven by certain new fundamental developments >> because it took a couple of days to reverse itself people were ready to jump ship on the fangs and these high-growth tech stocks. and then lo and behold, they came back. now no one remembers they went down >> although i'm not sure, i think we did call it on that tuesday, it felt like the bottom was in i want to point out something on this note, that you pointed out, i think it was last week that 10% of stock picking these days is actually fundamental stock p

. >> reporter: 19-year-old tim piazza died after falling head first down the stairs of the beta theta pi fraternity house this past february after a pledge party allegedly turned into an alcohol-fueled hazing ritual. the fraternity brothers accused of waiting nearly 12 hours before calling for help. >> we have a friend who is unconscious. he's -- hasn't moved. he's probably going to need an ambulance. >> reporter: monday 18 members of the now banned fraternity are due in court. eight facing charges of involuntary manslaughter and assault. a judge deciding if there is enough evidence for the case to go to trial. prosecutors plan to play surveillance video of the incident, hours of footage. >> so, what we have here is evidence which is quite unusual and we're not in this case talking about who said something happened but rather what was recorded as to what happened. >> reporter: prosecutors allege his fraternity brothers tried to cover up their drinking and coordinate a story. one of the members not charged telling our robin roberts he tried to get piazza help. >> i said we should call

it is time for our beta segment.ie: just when you thought the world of etf could not get any quirkier, we have a new filing threat etf that has been a big topic of discussion. it kicks off what might be a weld new area in etf investing. for more, we are joined by eric balchunas via facetime. he is our etf expert. etf, a quincy jones definitely not the first thing you might think of. what is this? eric: i have seen everything and i was shocked. basically it is the quincy jones streaming music, entertainment media. let's remove the name quincy jones. streaming music entertainment is not a bad scene. there is a fundamental story here. andlked to my colleague streaming revenue has grown about fourfold. not a bad basket of stocks. what is unique is that quincy jones comes first and he has nothing to do with it, they paid him to use his name, so they licensed his name to get attention to the filing of the etf. emma: the chart is that bloomberg intelligence data on spending on streaming which has been going up quite a bit.

chilling surveillance video of 19 year old timothy piazza appearing unconscious as members of the beta theta pi frat sat on him and poured liquid on his body. piazza seen attempt to go stands several times but then collapsing. >> video shows a barbarick death, young man who was struggling, who was sick, who was ill, who was in pain. >> videotape was simply stated too painful for the piazza's to watch. >> piazza died after falling down the steps at the beta theta pi house in february following a night of heavy drinking, officials say 911 wasn't called until nearly 12 hours later. university has permanently banned the fraternity. >> this new, attorney jeff sessions preparing to face the senate committee investigating russia meddling in the 2016 election, testimony comes as president trump is reportedly considering firing the special council who recently took over the fbi investigation on the issue. correspondent on capitol hill with the details. >> lawmakers expected to ask attorney general, jeff sessions, whether president trump is considering firing the special council. last month, rob

video from the beta beta theta i house was played in court yesterday. it showed piazza being forced to drink alcohol before falling down a flight of steps back in february. penn state has banned the fraternity from campus. >> happening today, attorney general jeff sessions spent decades in the senate but any friendly show of collegiality will be cut by tense questioning about meetings in his role in the firing of fbi director james comey. abc's kenneth moton is in washington with more. good morning, kenneth. >> reporter: good morning, tam. a big day of testimony for attorney general jeff sessions in front of the senate intelligence committee but this morning it's the comments from someone close to president trump that's raising eyebrows. this morning the trump confidante making a stunning admission. >> well, i think he's considering perhaps terminating the special counsel. >> reporter: chris rudy ceo of conservative news max told pbs news hour president trump may order deputy attorney general rod rosenstein to get rid of robert mueller the special couns

it's time to take profits. >> it's a low beta stock not a place where a lot of fast money plays.f you look at the biggest holders, it is about the sloiest big money you can have but what we're really talking about is a check back basically. i'm thinking early june, late ma. >> i think that's exactly right. >> that breakout level back to 200. i like the trade, risking 245 to make 755 the top line is expected to grow 2% you have maybe double digit eps growth seems kind of rich when you have a straight up move of 17% since it broke out in february to me, i like the idea of targeting a really intelligence range. you have catalysts there i believe there's going to be one of these complacent industrial names that will wake people up to the fact that they are crowded into these stories because a decent dividend yield, that sort of thing to me i think this makes sense check out our website, options action.cnbc.com. what are you waiting for here's what's coming up next ♪ >> that may be the case, but ideas how to make money on nike when it reports earnings next week he'll break it down. >>

hi >> i have been a buyer of ever boyer in high beta names until now, i actually do think technologys a tactical short, there's 5% down in the triple qs, there is as much as 8% down in the same conductors they are potentially the 3% bullback in the s&p 500. let's speak to the tech stocks today. first we will start the tesla. this isn't this short of classic short setup. what i like about this stock as you sell is if you reach this classic measure outside target we have this well defined multiyear trading rate essentially, 100 points from top to bottom. we problem that out. it's taken us exactly to where we are today at 380. so it's a great place to take those profits. don't short it until it starts going down i get the sense it will. now, let's move on, on the next chart, guy, you remember this one. we actually had a nice call on this stock before earnings you got the 15, 20% pop in baba. but in the short term, you see these classic sign, uptrend exhausti exhaustion back-to-back, you know where i'm going, a big bear engulfing pattern. these are the classic signs of exhaustion and a b

a source tells cbs news the legal counsel for beta theta pi is planning to sue penn state university on campus. gayle? >> thank you. >>> engineers in california this morning are struggling to develop a plan to remove huge amounts of debris after a devastating landslide. more than a million tons of coastline gave way about two weeks ago. it cut off the seenic pacific coast highway and pushed the rock and earth about 600 feet into the pacific ocean. john blackstone is in ragged point about ten miles south of the landslide with his ongoing threat. john, good morning. >> good morning. highway 1 clings to the coast but from this point it's closed and that's causing disappointment for thousands of tourists and disruption for dozens of businesses. but the landslide that is blocking the road here, is a monster that's still moving. the gash in the hillside is more than a third of a mile wide. tumbling into the ocean. there's more waiting to come down. are we walking on a potential slide? >> we are walking on an active landslide. >> reporter: cal trans engineer doug cook showed us where the hi

must be able to take the lessons we must be able to take the lessons we have learnt from a robust and betahe situation around. experts think if units improve many more healthy babies can be born in the uk and otherfamilies do babies can be born in the uk and other families do not suffer. this is bbc news. the latest headlines: britain's prime minister theresa may outlines her agenda later in a queen's speech which is likely to be dominated by laws preparing the country for brexit. belgian soldiers have shot a suspected suicide bomber in brussels central station. police said the man was wearing what appeared to be a bomb vest and triggered a small explosion. he died later. no—one else was hurt. the republican candidate, karen handel, has won a closely contested special congressional election in georgia. the vote in a usually safe republican seat was widely seen as a referendum on the trump administration. sally has joined sally hasjoined me. as you've been hearing on bbc news, the queen's speech will be read here in britain a little later on. the daily telegraph headline about it says there

. >> i think you said on the call that beta that you have for this partnership with amazon is fully subscribedre the customers saying to you that are coming knocking on your door, saying we want to get in on this. what particular advantage are they looking for? >> yeah, really what's happened is the coming together of the number one private cloud with the number one public cloud provider has created a seamless experience for the hybrid. the customer doesn't have to replatform their application. they can take their existing ap p ps and their management, automation, all those scripts they filled and the expertise and seamlessly move it to the amazon offering and combine that with amazon services. that coming together has really resognated with customers. >> beta program was very significantly oversubscribed, so a lot of excitement as we bring it to the marketplace in the beginning of the year. >> so, it sounds like they're looking to save money to implement this stuff. is is that part of what's driving this? >> a lot of it is i.t. is so oversubscribed. we have so many things in their list of thi

of any one of many flavors of beta.huckle with glee you hear institutional investors, allocators, else is talking about hedge fund managers accountable to performance? >> the answer is yes, and it has a joker versus batman vibe to it if you think about it. i'm wearing makeup. i could be the joker now. i have slightly defended hedge funds recently in the last couple of years. >> a tepid defense. >> very good. i call this a tepid defense of hedge funds and i do not think it will make me a hedge fund hero. to mention it, starting in the year 2000, it has been a 17 year thing for us, we have written that hedge funds , it is arguable and people have different opinions. a lot of data. positively correlated with markets. fees that were probably lower, certainly the performance fee on the market if you have positive data, i do not think anyone should get 20% of the equity risk premium, we advocated for that. it has not been a linear bull market but it has been a strong bull market and a lot of people, this is where we are the -

time for our tuesday smart beta segment.e is julie hyman. >> one of the most popular categories of etf has a stranger in their midst. technology stocks. here to discuss what is going on with low volatility etf's is dani burger. she is bloomberg markets and such reporter. lowball is definitely not something you usually associate with technology stocks. and yet, because of what is going on with technology, they have been going on into the low volatility. why does it matter? dani: when you think of low volatility etf's, you think of something cohen, something that is not going to move around a lot but what do you think of when you think of tech stocks? perhaps something that looks bubbly, something that moves around a lot. but when you look at how tech stocks have behaved over the past year which is typically what these low volatility etf use, they really have not move much. they have been growing and gaining, but those gains have been very important. you can see that now. this is the power share etf, now 11% tech stocks. it is

beta theta pi's office says they're cooperating fully. all while there was another scandal here at penn state, another case where university officials were accused of inaction. three former administrators, including a former president, were sentenced to several months in jail for not telling police early enough about coach jerry sandusky's sexual abuse of children. for today, nbc, gabe gutierrez, pennsylvania. >>> three officers were shot after a wild gun fight on the streets of laredo, texas. the fire fight started friday when officers spotted a murder suspect outside a convenience store. they had been searching for him in connection with the killing of his girlfriend. when police approached, that suspect opened fire. one officer is in critical condition, two other officers are in serious but stable condition. meanwhile, the 55-year-old suspect reportedly shot by police was pronounced dead at the hospital. >>> ariana grande is back in manchester today. victims of the bombing after her concert were posing in pictures with her on friday. y

as for the criminal complaints agnst the 18 fraternity brothers, the naonal chapter of beta theta pyes cooperat and they have a hearing scheduled for june 12. they have not yet entered pleas. penn state, state college pennsylvania. >> be prepared for parking changes starting tomorrow at the b.a.r.t. station. crews will reconstruct the upper daly parking lot and a lot will be redesigned and repaved. there will be a new bus layover area. the lot will be cordoned off at end of service today and closed through monday. the second closure is set for next weekend so you have a little time. >>> and in oakland construction crews will be out make being the fruitvale b.a.r.t. station more earthquake safe. during that work some parking spaces will be closed in the reserve permit parking lot northeast of the station and that work is scheduled to go from can the to tonight until 4:00 tomorrow morning. if you leave your car in the reserve permit lot it's going to be towed so make sure you move it. we will be right back. who are these people? the energy conscious people among us say small actions can

head to do trial today a judge deciding if there's enough evidence to hold over the members of the beta theta pi fraternity it all stems from the death avenue 19-year-old pledge. tim teepee zazz a died after a night of heavy drinking. >> prosecutors say nobody stepped in to help him and some of the members even made things worse. fox 29's dave kinchen live in bellefont center county outside that courthouse. dave. >> that's right. details are just heartbreaking. even more heartbreaking when for the first time everyone in court saw ghastly video showing the final hours of 19-year-old timothy piazza's time on earth following a february night of heavy drinking stumbles hard falls with virtually no one come to go his aid. in fact, timothy's family left court before that video was played. >> any statement at all? >> fox 29 cameras rolling as one by 118 former members of the beta theta pi got to court including joseph opens of philadelphia. the 20-year-old accused of punching nope-year-old timothy piazza as he laid on a couch unresponsive. michael, 21 years old out of yardley. accused of getti

. >> we could see that it improves safety, and not be a beta test. we want to improve the quality of life for the city. >> reporter: they want two roundtable meetings held earlier this year brainstorming about better ways to link passengers to the mineta san jose airport. self driving cars could be cheaper than a light rain link. and silicon valley has 26 companies working on the technology. >> they are all autonomy. they are going to go elsewhere and leave the valley if we don't give them somewhere to test the cars. we will see proposals from giant companies like google and small companies we have not even heard yet. and reducing fatalities is another goal. in 2014 and 2015, the toll was 23, a 20-year high of pedestrian deaths. >> i am sure there will be a lot of people trying to rush in. >> in san jose, david louie, abc7 news. >>> we are hoping for another stunner of a day. i thought yesterday was great once we got through the clouds and fog in the morning? >> the afternoon was worth the morning, wasn't it? it was a nice day. today's going to be wa

there's not one person who has been held accountable by the university. >> and 18 members of the beta are still facing criminal charges in connection with piazza's death. >> water and corn starve aren't just for cooking any more. wait until you hear this. an air force academy cadet is using the ingredients to stop a bullet.& it's a process called sheer thickening fluid. here's how it works. when combined together, the water and corn starve create a mixture that can be penetrated by applying pressure softly but at high speed and force it's all but impossible they're working to combine the mix kerr with anti ballistic materials. >> so with this, this is something that our competition doesn't have right now. and with this advantage, our soldiers if wear it as body arm more will be able to move faster, run farther, jump hire. >> a normal full bullet proof vest kit is 26 pounds with ceramic plates. this new material could lighten the load by 18 pounds. >>> well, graduation season is supposed to be a time of achievement and celebration, right? but the big night unfortunately can be very exp

to buy a lot of securitized assets, create balance in your portfolio so that you don't have to much betahed. onethan: em has been directional trade for a lot of people. does that change in the back half of this year? >> i think it does. we will see way more dispersion in the second part of the year. theere expecting some of promises in the campaign of the u.s. election to generate dispersion in emerging markets. wind-up having none of that. i think the second half of the year will be more out the driven, relative value than the first act. jonathan: always causing trouble. we will talk during the commercial break. rick reider with us. let's look at our markets have been. the 215 and 10 year here and now. still ahead is the final spread. u.s. housing data to dump about. this is "bloomberg real yield." ♪ ♪ jonathan: this is "bloomberg real yield." live from the lack rock trading -- in new york, let's brexit talk commences as well. data on u.s. housing. with me to wrap it up is rick, jeff, and pablo. let's wrap it up with your things look better. i wonder what that means for the bond market.

and then the higher beta second. that have said all along that they're dividend is safe, regardless of where the prices are, are the ones they're likely to go to first then the more speculative ones on a secondary basis. >> thank you integrated >> the good news i guess is exxon mobil has been hang iing n there. the it's held 81.5 a number of times. it feels like it wants to hold and bounce to the upside one of the levered names i've liked has been anadarko petroleum, but if oil goes south, it's a difficult name to make a compelling argument for, so i don't know the reasons why crude is going lore. one name i have to mention in the context of oil, if you want to know when oil might turn, take your cues from deutsche bank db because that seems to lead -- look at what -- >> guy's getting into good point here think about credit markets and high yield bonds just had a breakdown in the last couple of days in the hyg. the uf nrn european financials, sliced well through. >> i get it, but i don't because we've had a shakeout

there are so many smart beta funds.anted to show that you can make any factor look good. why not do it with cats? the internet loves cats. cats and ith returns so much. julia: that is the chart we are showing you now. some kind of extremely stellar performance. >> i think you meant to put a period instead of a,. that is -- i ran a screen on bloomberg. any stock, any size that had see a that had cat in the. there's alsoy but insightful things about these strategies. anycan back test and get great return that you want. from a of this game came penny stock and has been pointed out by others. the whole world of smart beta might be premised on the idea that it is inefficiencies. >> as much as i want this to just be about cats, visit -- there is a lot here. a guest you had on your show, this is a big thing they point out. they look really good but a lot of the edge that you think you are seeing are from penny stocks that are basically untradable. it's actually on the gray market. to actually trade this thing you have to file

over the death of penn state student timothy piazza prosecutors accused of 18 former members of the beta theta pi at penn state of hazing him as he ran to multiple drinking stations guzzling alcohol. his blood alcohol was four time the legal limit leaving him stumbling downstairs with 24 hours passing before anyone called 911. surveillance video biaz is that so final hour played in court but his parents left before hasn't. >> the piazza family whole heartedly and without any reservation and unapologetically support this prosecution. >> defense attorneys will have chance to cross-examine witnesses when the judge continues the hearing in two weeks then decide if it will go to trial. templets night philadelphia police releasing the name of the officer involved in fatal shooting in juniata park. officer ryan pan al 12 year veteran shot and killed 30-year-old david jones last thursday. jones was ridely recklessly on his dirt bike when the officer tried to question him. they struggled. jones reached for gun and that's when the officer shot him. he's on administrative legal pending actually an

of less serious crimes. 19-year-old timothy piazza died in february after falling down the steps at beta theta pi house. video showed piazza being directed to drink and falling several times. >> now we know the identity of a philadelphia police officer involved in deadly shooting of an armed dirt bike ridener north philadelphia. on thursday, police say officer ryan panel a 12 year veteran of the force shot and killed 30-year-old david jones own whitaker avenue. officer panel shot jones as he was running away. police say jones was armed and that he pulled out a gun on the officer after that officer began questioning him. officer panel is on administrative duty pending results of internal investigation. >> and police charge ryan patrick mchugh with homicide and dui after the car he was driving hi mother and injured hercue was ue when his car killing rosea lydiay night as se and her children were walking ros recovering from hip and leg injuries and her daughters genef sessions will testif p senate intelligence committee which is investigating russian metaling in the 2016 election. s ellit t

distortion, create balance in your portfolio so that when volatility picks up, you do not have too much betahed to your portfolio. jonathan: e.m. has been one big fat directional trade for people. does that change in the back half of this year? >> we are expecting to see way more dispersion in the first part of the year in emerging markets because we are expecting some of the promises of the campaign in the u.s. election to generate that dispersion in emerging markets. we ended up having nothing of that. i think the second half will be driven with more relative value than the first half is been. jonathan: rick rieder is with us as well. let's get a check on where markets have been this week. yields lower across the curve. we did hit a year today low earlier in the week. it is the final spread with a look ahead to the week ahead with the fed stress test on the horizon as well and some u.s. housing data to talk about. this is "bloomberg real yield." ♪ ♪ jonathan: i am jonathan ferro. ♪ ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." let's get you up to spirit of what is coming

of less serious crimes. 19-year-old timothy piazza died in february after falling down the steps at betata pi house. video showed piazza being directed to drink and falling several times. >> now we know the identity of a philadelphia police officer involved in deadly shooting of an armed dirt bike ridener north philadelphia. on thursday, police say officer ryan panel a 12 year veteran of the force shot and killed 30-year-old david jones own whitaker avenue. officer panel shot jones as he was running away. police say jones was armed and that he pulled out a gun on the officer after that officer began questioning him. officer panel is on administrative duty pending results of internal investigation. >> and police charge ryan patrick mchugh with homicide and dui after the car he was driving hit and killed a mother and injured her young son. mccue was under the influence when his car jump aid curb killing rosea lydia rohas it happened saturday night as she and her children were walking aramingo avenue. rohas 9-year-old son jadeen is recovering from hip and leg injuries and her daughters was

to worry were at some point they may go too far, and that may have a negative impact on the higher betators. kathy: and that is dependent upon their access to credit. the default is up when they cannot get access to credit anymore. some of these companies are vulnerable, and there bank loan start to get called -- that is when you run into the fall issues. of the areas of the markets where people get nervous because spreads a very tight. when you get a breakup, 10 basis points, people get very nervous and start thinking about running to the hills. what do you use as some type of indicator? michael: all we are doing a strike to look at those metrics that ultimately will influence or lead to default rate. we're looking to cash flow generation. we are looking at overall health of the balance sheet. this robust overwriting environment that we have gone through has allowed a lot of the high-yield to effectively term out there death. the refinancing risk that faces a lot of these challenged companies have been a libya did because they have been able to access the market, they have been able to

death with promises of reform. 19-year-old timothy piaza died last february after a hazing at the betahi house. he was forced to drink heavily. then fell down a flight of steps. 18 students faced charges. today penn state announced zero tolerance for hazing, tor penalties when it occurs. and tighter rules on alcohol. >>> a family in virginia beach is considering legal action after an elderly woman died a horrific death. the dog that the paterson family adopted on wednesday mauled their 90-year-old grandmother that same night. and she died at the hospital the next morning. the woman's granddaughter says the one-year-old pit bull terrier pushed her grandmother down and brutally attacked her for five minutes before the family got the dog to stop. and she said it happened after she took the dog's shock collar off that he wore home from the adoption center. one of the family's neighbors had this to say. >> a very nice lady. very independent. she goes out to do her little exercise with her walker. to know that she just adopted a dog and it turned out to be vicious to her, that was very shock

assets, a lot of securitized assets, create balance in your portfolio so that you don't have to much betahed. jonathan: em has been one directional trade for a lot of people. the weaker dollar supported that. does that change in the back half of this year? pablo: i think it does. we will see way more dispersion in the second part of the year. we were expecting some of the campaign promises in the campaign of the u.s. election to generate dispersion in emerging markets. we ended up having nothing of that. i think the second half of the year will be more out the -- alpha driven, relative value than the first act. jonathan: always causing trouble. honestly. we will talk during the commercial break. rick rieder with us. let's look at our markets have been. yields are lower across the curve and 215 and 10 year here and now. we did just a year to date low earlier in the week. still ahead is the final spread. u.s. housing data to dump about. -- to talk about. this is "bloomberg real yield." ♪ ♪ i am a jonathan ferro. this is "bloomberg real yield." on's get you up to speed what is happening in t

a public beta version should be available later this month. >>> tesla is unveiling the model 3, givings a sneak peak of the car before it goes into production, mass production next month. prototype on full display in freemont yesterday. it goes from 0 to 60 in 5.6 seconds and has a driving range of 215 miles. it's expected to sell forbe tween 35 and $40,000. now there aren't more details about the new tesla, hundreds of thousands of people have preordered the model 3. >> the model 3 is a game changer. there is no question. even if he sells half as many as people have already reserved, that would be just groundswell of support for electric vehicles. >> but experts say it will be a challenge for the freemont facility to meet that kind of demand that tesla is seeing for the new model. elan musk is hoping to produce 500,000 cars a year, the first model to be delivered slightly ahead of schedule. >> that's good. >> a lot of people put down that thousand dollars. >> now you have to deliver. >> i am going to wait until they are actually out and driving around. >> see how people like them. >>

timothy piazza died in february after a night of heavy drinking the a frat house. 18 beta theta pi members face hundreds of charges, eight are charged with involuntary manslaughter. surveillance video shows it took nearly 12 hours for anyone to call 911 after piazza was found unconscious. >>> uber may soon see a major shake-up. its board of directors is reportedly considering place its embattled ceo on temporary leave and comes as board members unanimously voted to adopt a series of recommendations from former attorney general eric holder in the way of complaints of discrimination as well as bullying. >>> when we come back a man is released from prison after serving 17 years for a crime he did not commit. we have new details about the mix-up involving his look-alike and how some interns made the discovery. >>> caught on camera, a deer comes crashing through a window hitting a store employee. the average family's new, but old, home: it stood up to 2 rookies, 3 terrible two's, and a one-coat wonder named "grams". it survived multiple personalities, 3 staycations, and 1 tiny announcement. beh

to decihe fraternity brothers will go to trial in the death of a 19-year-old pledge. 16 of the 18 beta theta pi members appeared at an emotional hearing. video footage was shown in court telling timothy piazza to drink and then falling down a flight of stairs. no one called for help until the following morning. he died of traumatic brain injury. >> they want to remember their son as the bright, young, han some man who he was. >> it is just an unspeakable, horrific, sad, tragic event. it's not a criminal case in my opinion. >> some of these students face charges ranging from tampering with evidence to involuntary manslaughter. >>> so we have a new warning to tell you about this morning. it looks like crooks are using official phone numbers to steal from unsuspecting victims. according to our news partners at wtop, u.s. numbers are being used in a spoof being scam. this is when you actually get a call from a number that's not what it appears to be. the crook makes callers believe they need to settle a fictitious warrant and sksz for money, gift cards and also bit cohns. police recommend

he is seen falling multiple times in the beta theta pi fraternity house.others try to move and dress him before calling 911, 12 hours later. 18 students were charged ranging from involuntary manslaughter to tampering with evidence. a judge will decide if there's enough evidence to go to trial. penn state has disbanded the fraternity and created a board to oversee changes in the school's greek system. >>> the next congressman has avoided jail time after pleading guilty to assaulting a reporter the day before he was elected. >> this was not a proud moment. but i'm ready to move on and it's extremely important. we have a lot of work to do in washington. >> gianforte had written a letter apologizing to reporter ben jacobs for attacking him as he tried to ask him a question back in may. that encounter was caught on audiotape. instead of jail he was sentenced to 40 hours of community service, 20 hours of anger management counseling and a $385 fine. he is expected to be sworn in later this month. >>> and researchers say the global obesity problem affects one in t

also the new operating system will have a beta download in june. wantof showing to get people up to speed with the latest stuff. map.usage on the >> how much is apple investing and virtual reality? software going forward, how many are they putting into that? >> we are going to see about that. in the machine learning and artificial intelligence world, the top places to go to work our amazon, google, facebook, and apple. and weeding with bated breath. >> that is cory johnson in san jose. blogging on the worldwide developers conference all day long. >> the two big international stories, one having to do with cutter and saudi arabia's. with thattions country. it is one that is fairly traded typically. it is one way to meure the effect here. here in the u.s., this is -- another way is to look at the sovereign bond market. it is 9129. you see the big drop we have in price. 1.8 percent reaction. has this a patent in the oil market. there is concern that there be supply constraints. -- cutterike traders is a big exporter of liquefied natural gas. markets d

eighteen beta theta pi members and fraternity itself are all charged, because of the death of 19 year-old timothy piazza of lebanon, new jersey. two fraternity brothers waved hearing that began monday with the 11 hours of testimony. >>> pennsylvania court upheld philadelphia's tax on sweetened beverages, the court agreed with the court of common pleas, city council has full legal authority to inact one and a half cents per ounce tax on sugary drinks. in the meantime, it has lowered its revenue projection on that tax. city expects it will fall short of the 46.2 million-dollar that the tax was supposed to generate for this fiscal year. >>> new jersey lawmakers got their day in court today, to halt governor chris christie's 350 million-dollar state house renovation plan. bipartisan group argued that the lacked authority to do so. governor believes it is needed and says it was authorized legally. >>> today is flag day, and american pride was on display in camden. >> of the united states of america. >> reporter: "eyewitness news" at camden county haul off justice earlier for a naturalization c

timothy piazza died after falling down the steps following a night of drinking at beta theta pi fraternity house. eight frat members are facing charges in his death and fraternity was shut down permanently. tomorrow's meeting is expect to redefine the presence of greek life on campus. >>> officers with the philadelphia parking authority are under going counter terrorism training. "eyewitness news" in center city today, philadelphia police department's counter terrorism operations unit is conducting training session was parking enforcement officers, the goal for them to be able to spot suspicious activity. >> walking the street every day, during numerous walking beats, those couple hundred people offer a an additional set of eyes and ears. >> program is in the beginning stages but by the time it is complete more than 200 parking enforcement officers will have been train. >>> new jersey governor chris christie signs an executive order focusing on strengthening cyber security in the cyber state. >> any of new this room have gone through nightmare of identity theft and i have, it is ugly. so w

it's in beta. it will be launched some time this fall.re cranking away in a small office in downtown san francisco. >> i'm not working out with you, because i've learned the hard way i can't keep up. >> no, it's a lot of fun. >> thank you. >> thanks for having me. >> sara, over to you. >> carl, thank you. >>> when we come back, wells fargo officially losing its new york city business today. eight months after the fraud scandal that rocked the company. we'll discuss that and more when "squawk on the street" comes right back. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. >>> after looking weak for a while is a rally ahead for oil? tom lee is looking at some key signals. find out what they are at tradingnation.cnbc.com. is more "squawk on the s

comes following death of timothy piazza, 19 year-old sophomore died in february at beta theta pi houseuring an alcohol fueled hazing incident eighteen members of the now shuttered fraternity now face charges in connection with piazza's death. >>> police are searching for a suspect who stole a street sweeper and went on a joy ride this happened in paterson, new jersey, 2:00 o'clock this morning. ride ended when vehicle crashed into several parked cars, person operating the street sweeper had gotten out of the vehicle to change a garbage bag and that is when suspect jumped in and took off he drove a mile before crashing the vehicle and running away, luckily no one was injured. >>> city of philadelphia gearing up for independent day with a brand new photo exhibit , this is what visitors will see when they arrive at philadelphia international airport. the exhibit recognizes philadelphia's designation, as the nation's first world heritage city. mayor jim kenney and other leaders were on hand for the ceremony this morning as part of the cities welcome america festivities. >>> that time of th

of failure opened on june 7 and hosts a number of famous inventions that failed to take off such as betag president donald trump. museum curator samuel west says the idea is to make people aware that failure is a necessary part of innovation. >> i started collecting some of these items happen has a sardly about two years ago. i didn't have any real point with it other than i was fascinated with the failures and i wanted to find a new way to communicate the research results that show that we need to learn or companies need to learn from failure. >> well, some other items featured in the museum include fat free chips that caused stomachaches, oh, they so, do, my gosh, you guys, i can't even tell you and blast particular bicycle that wobbles when you ride it. why would you -- you're going to wobble right off the thing. i see why some of those were failures. all right. that's going to do it for us. we appreciate you joining us. and we're always on captioning sponsored by cbs >> dahler: an insider attack on american troops. at least two u.s. soldiers are killed when an afghan army soldier tur