i am betty liu. we have a great program. we always do. are picking witheam -- when a date -- george clooney or a part in the new "star wars" movie. omaze will tell us how to do it. withsnapping pictures coworkers, but not with the public. we will find out if the services popular and at the same thing could happen to the likes of twitter. futures indicate stocks will open slightly lower. 15 minutes from now we will get the adp numbers, the private payrolls report. president obama wrapped up his with petro poroshenko. toncis warning the u.s. not push ahead with a fine on the french bank bnp paribas. it could endanger

i am betty liu. we have a lot to cover. bob nardelli.ook top headlines this morning. expected to plead guilty today to charges that violated u.s. sanctions. the u.s. will have to pay a record fine, almost $9 billion. streaming video startup, aereo is regrouping after last week. it has shut down its service over the weekend temporarily while trying to figure out if it has any you chirp. and, on the brink of default for the second time in 13 years. that country is expected to miss a bond today.

joining us is betty liu. you have a pretty action-packed show this morning.ol on with us and the current ceo of aol. [laughter] that will be an interesting match. this mission over the last five days to draw attention to cities saying that startups are not just in silicon valley, they are all over the country. we were in detroit. cincinnati, now in nashville, today. it has been a bus tour. he has been on this little campaign. there we are in detroit. we will be interviewing steve case live to find out what he found out. is it possible to find the next big facebook in detroit? >> he stopped in detroit. tech firms,tor for that seems kind of curious, given the problems they face. >> one problem -- person who believes strongly in this is dan gilbert, the billionaire founder of quicken loans. he is also focused on the cavaliers. we interviewed him. he has put in more than $1 billion into downtown detroit. orare not just about cars bankruptcy, we are about attracting people to the city. >> we have over $1 billion in investment in the city. real estate, technology,

new york time on "in the loop," with betty liu.us, another check "market movers" is on the other side of the break. ♪ latest headlines on your tablet, bloomberg radio, and bloomberg.com. that does it for this edition of "autumn line." alix steel will be in the chair tomorrow. i will see you again on monday. "on the markets" is next. >> 56 past the hour, i am alix steel. stocks are continuing to pare their earlier losses. the s&p was down by as many as 10 points earlier in the day. one stock we want to pay attention to, conagra foods. they reported a fourth-quarter a 680 $1 million write-down. conagra is now valued at a 36% discount to its peer group and has been the worst performing product maker this year. food companies that are considered staples are the focus of this sector report. joining me for another look at this group, can shape. ken, conagra's worries are not just about conagra, it is the whole group. we even saw that with general mills. what is the biggest problem? quite that is exactly right. as we learned yesterday fro

for more, i am joined by betty liu. shames about robert m a meauchet and his decision to step down early. >> the only thing surprising about this news, really, is that it came earlier than expected. no one was surprised that he was going to step down. he said he was going to in february. he just wanted to do it a bit earlier. and the reason why, he said, is that he felt the board was taking too long to make this decision and that the company was on hold because of it. i actually talked about him last night recently. i set a date in february to make the transition, but i also said in order to make the transition at aig, it would have a newortant to ceo. the transition is taking too long." most of the people in this world have praised benmosche . here is what feinberg said this morning on our program about benmosche. effective full stop he knew everything about the company and he came prepared to treasury and we personally in -- personally negotiated each and every compensation package. he set the gold standard for this.

i am betty liu. it is 26 minutes past the hour. bloomberg tv is on the markets.ut five minutes we will get some economic numbers. everys claims are out thursday, and also retail sales numbers for the month of may expected to rebound to a gain of .6%. watch the retail sales numbers. very important for investors and where the economy is going. futures right now are mixed. we are on the markets again in 30 minutes. we are back with real estate investor don peebles, chairman and ceo of peebles corp., the company he founded. there is another area where you are also well known, sports. eldiness and sports m together so well. you considered buying the l.a. clippers at one point? >> i did, but as a business investment, expecting to make money while i owned it, and the price being paid now, it is more like buying a great masterpiece, a rembrandt, a picasso, except you get to interact with it and enjoy it, but you will make money one day when you sell it. look at the return on investment that donald sterling is going to make for horrible behavior. he bought the team for $1

betty liu, "in the loop" starts in about 15 minutes.ome win the triple crown this week? do you think he is going to win? >> yeah, why not. >> this is "bloomberg surveillance yuriko ♪ >> good morning. i am tom keene with scarlet fu anatomy news -- johnson. we have breaking news. it has to do with the british market regulator. they're looking to find a joint bank trainer -- traitor. they will find him for 10 million pounds. this goes back a few years. this of the largest penalty ever against an individual. warning bank is investors that this is a difficult operating environment because of issues like the international currency rating and interest-rate rating. >> this is separate from the actual financial crisis. you have to wonder, this stream of news we have had in this friday. when will it peter out? will wonder what the numbers will be. countrieseld in some launder money illegally. >> bank of america this morning as well. >> if you aren't executive trying to deal with all of this -- >> it doesn't seem to be changing their behavior. to

i am betty liu. and the fight for equal access to the internet.bout aereo in the high court yesterday and what that means for the future of innovation in the way you watch her television. plus, leo hindery will be joining us. all of that in a moment. first, a look at headlines this morning. the new york attorney general filed suit against the bank. four hours and counting. the u.s. against germany. coach says you should take the day off and watch the game. google started removing search results that request users in europe last month. citizens haved eu the right to be forgotten when it comes to the web. more about

. >> you are watching "in the loop ," i am betty liu. you will want to watch what the supreme court does and the next few days, we would hear what they have to say about whether aereo is legal, they have been at war with broadcasters on whether they should be paying to stream their content. broadcasters say this is an unequivocal yes, they should be paid. and that their content is being stolen. but what is the -- the high court looking at? john has represented a number of broadcasters in these before. you believe the broadcasters will win? >> >> the legal issue is, are you publicly performing the copyrighted content on a broadcast signal, when you stream it for thousands of people over the internet. their position is, i am sending thousands of private performances simultaneously. they drew this out of the unfortunate decision of the in which- in 2008, cablevision argued that they should be able to put their dvr rather thanhe head in the home, and the content publiclyd, you are performing it because you are sending it over the long wire.

i am betty liu. it is 26 minutes past the hour.berg tv is on the markets. adp numbers, a little worse than expected. but not terrible either, just under 200,000 four private payrolls. stocks are down slightly. equity futures are down slightly after some record highs we saw over the last few days. we are on the markets again in 30 minutes. old-fashionedhen raffle-style fundraising meets crisis hollywood glamorous expenses? you get omaze, which auctions off experiences lottery-style with tickets as low as $10, and that is how little it took one woman to win a date with george clooney. experience a role in the next "star wars" or hang out with matt damon. with me are the founders of omaze, ryan cummins and matt pohlson. >> thank you for having us. >> you have been in operations for two years? >> that is right. we launched in september, 2012. >> you are saying in the last 12 months you have gotten bigger and bigger experiences. is a word-of-mouth that has caught on, or what has happened here? caught on, andh we had a finale success aro

you're in the loop and i am betty liu. our guest host is a friend of joining me here in new york.cal player. and we will be joined by his secretary -- r to venture.own at top headlines. oil is surging on concerns that iraq may be on the verge of civil war. oil is heading for its biggest weekly gain so far this year. hillary clinton's popularity keeps following. 52% of americans view the former secretary of state favorably. that is down from 70% just a year-and-a-half ago. and the u.s. government will start selling bitcoin. prompt -- the new prompt of bitcoin prices to fall to seven percent.

am betty liu. has now wrapped up its biggest acquisition ever. the french government has okayed their $17 billion purchase of alstom's energy asset. john kerry istate now in baghdad. rebel forces have captured more territory. president obama told cbs but the risks we need to focus on now. >> the problem with isis is that they are destabilizing the country. that could spill over into some jordan andes like they are engaged in wars in syria, in that vacuum that has been created and they could amass more arms and resources there. >> phil mattingly has been following the administration's response. what was president obama's goal and sending the secretary of state to the middle east? >> the u.s. government and the president look at this as dual track. there is the diplomatic side of things. that is where the secretary of state comes in. he met with the prime minister this morning, the top shiite leader in the country. he is also meeting with the speaker of the parliament, the top sunni leader in iraq. what they are trend to do is push the iraqis to fo

. >> joining us right now is betty liu.ld cup, i note you will get to that, but you are also focused on the fallout from eric cantor's defeat. >> on one side we are excited about the world cup and on one side we are excited about what is going on in washington. we are evaluating the fallout from eric cantor's loss in virginia and what it means for business. he was quite friendly to big business. we have the chairman and ceo of peoples corporation, a $5 billion real estate development company. luxury properties in miami and las vegas in -- and in new york and one of the wealthiest black americans in this country, a big obama supporter. we will talk to him about what he thinks of this fallout in washington. by the way, he thought about buying the la clippers. >> he was going to go against steve ballmer? >> maybe steve ballmer made him rethink the idea. >> you have probably both shoulders with mr. -- rub shoulders with mr. peebles. >> i met him a few times. >> he is like the west coast version of you. going to buy the clippers

i am betty liu. headlines -- health care company agreeing to buy arc health care for 2.6 billion dollars in cash and stocks. they're also spending $900 million to buy 29 retirement communities from holiday retirements. advocating in favor of his son. he guided spain to democracy. in recent years, his public support has been undermined by a russian scandal. he will be succeeded by crown prince felipe. billionaire elon mocks says his new spacex dragon capsule will be ready to take astronauts to the space station by 2016, two years. the capsule can carry seven people and up to four tons of cargo and can be reused up to 10 times. and our next hour, we're going to ask captain mark kelly, retired nasa astronaut, what he thinks about all of that. he is on the safety advisory board of spacex. it is 26 minutes past the hour which means bloomberg television is on the markets. julie hyman has more. >> thank you. time for futures in focus. gold is in the spotlight as prices make their largest declines of far thi

i am betty liu. the loop,rg is in -- weighing in on pay.aries now on wall street? also, neel kashkari, who worked feinberg with the treasury department. for governorning in california. after the stunning defeat of eric cantor, what is neel kashkari have to say about his own party, the republicans? the insurance company rescued by the government is getting a new ceo. toer hancock promoted replace rubber band goucher. -- bob benmosche. i spoke exclusively with him last night. we will bring you thoughts on that change. two pa

liu."e loop with betty don't forget erik schatzker and is coverage from brazil.ok for those packages through the week. kevin roberts with saatchi & saatchi. very quickly here, the world cup -- it is all about tv, isn't it? thehis is going to be biggest tv event of the decade, the century. 3 billion viewers. 784 million -- maybe a billion -- >> who wins, adidas or nike? >> adidas is an official sponsor and nike will be doing renegade marketing. the consumer will win. >> kevin roberts of sasha and saatchi, and world cup, how did i sound? >> just like him. >> good morning from new york city and our world headquarters. coming up on "market makers," erik schatzker wearing a brazilian soccer jersey. pearlstined norman trying to figure out how to move forward with the magazine business. that is at 10:00 a.m. i am tom keene. i am trying to learn as much as i can about the world cup. adam johnson helping me with that. alix steel as well. >> you must be desperate. >> i am helping? well, ceooberts as worldwide for saatchi & saatchi. >> news of the morning --uber has said a

went takes betty liu a look. >> he walks, he runs. he even rides a bike.ime aol founder steve case is following every possible avenue to spread the word about his latest mission. -- nothing can becoming like a silicon valley. >> we just need to start rebuilding this population. the only way to do that is to innovate and the best way to innovate is to back great startups. by many metrics, detroit has the most challenges. abandoned structures, population decline, aliens in debt. that is the point he wants to make on his tour. talent is starting to come back and investors are starting to pay attention. michigan's governor came out to welcome chase and cheer him on. -- to welcome case and cheer him on. he has bought over a billion dollars of property in downtown detroit. he is convinced its value is on the rise. can you look past the blight, the burned-out buildings? detroit, yougle will see practically almost all the pictures that come up are of abandoned buildings. >> we have to make sure that algorithm changes. when you see a picture like that you're lookin

have a good morning, everyone. ♪ >> you are "in the loop" and i am betty liu. biggest acquisition ever. the french government has okayed their $17 billion purchase of alstom's energy asset. john kerry istate now in baghdad. rebel forces have captured more territory. president obama told cbs but the risks we need to focus on now. >> the problem with isis is that they are destabilizing the country. that could spill over into some jordan andes like they are engagen

with betty liu is up next.w morning. ♪ >> today, at&t will be the exclusive carrier, just like it was for the apple iphone. gm general motors ceo will tell the house committee it is no longer is this as usual at the company. they will be questioning why it took so long to do with a all the switch. staying with general motors, bloomberg has discovered an exclusive story about a whistleblower who tried to alert gm over a decade ago about defective cars. armor head of gm cost is nationwide program raising inrms over safety concerns 2003 but it fell on deaf ears. tim,ng me now with more, who uncovered the incredible story. a

care -- anchor betty liu is with us. >> we are doing a bit of navelgazing.g at our own industry. dave morgan is joining us. used to be the head of advertising strategy for aol. he will have a lot to say about how television and the gentle are both competing for ad dollars and how they are going to converge in the next 10 years. -- now therry kent ceo -- from or john oliver at john oliver at hbo ranting against net neutrality? he has a rant against john oliver. >> that was awesome. he said net neutrality -- he made fun of it. it was serious. >> he calls cable companies the mafia. they are like the drug cartels. they have their own dominant regions and he doesn't understand why the government is trying to break them up. captive audience. >> eddie lou, in the loop starting at 8 a.m. -- betty liu, in the loop starting at 8 a.m. a feature story not about google were robots or facebook acquisitions, it is about a machine that is helping our military. josh green of bloomberg businessweek, author of the peas, this is a remarkable story. yous go back to this quote ha

a report that he commission was released this afternoon and betty liu spoke with the man. >> he is aotable democratic fundraiser and he said he will do everything he can to stop the pipeline from being built including now portraying it as a terrorist target. he commissioned a report that was authored by david cooper who is a former navy seal who evaluated whether the pipeline is a security threat. he said many months going to the site where it is going to be built and there were many scenarios where it would be vulnerable to attack. >> if i was to take a simple , anario, say at doesn't small amount of explosives and target say three critical nodes along the pipeline, those terrorists could trigger a catastrophic spill in the neighborhood of 7-8,000,000 gallons of hazardous toxic materials into the surrounding environment. this is aalluded to, hugely controversial project. stier says that if this was built, it would be cut to the environment. r says that if this was to theit would be a cut environment. >> why did he decide to do this? he has been waging a battle that he is been losing

i am betty liu. it is 26 minutes past the hour. bloomberg tv is on the markets.s correspondent julie hyman has the latest on futures right before the open. we halted a four-day winning streak for the sdi -- s&p 500, and it looks like the declines will continue. the world bank is cutting its global growth forecast from january two now. getting less optimistic obviously. the world bank is talking about slower growth in the u.s. as well as china, russia, india, and brazil, the so-called rick company -- brick countries. saw the concern seems to be weighing on stocks. we'll have more on the markets in 30 minutes. >> thank you. let's count down to the open with the top 10. cbs, start with number 10, who says they fully will divest the stake in the billboard advertising company cbs outdoor america, the final step in the spinoff of cbs outdoors which began trading as a standalone company in march. >> number nine is toyota, recalling vehicles in japan because of possible airbag issues. toyota has recalled more than 2 million vehicles for the same reason last year. they we

i am betty liu. we will address reports that u.s.ting carl icahn and phil mickelson regarding trades made in clorox. this is according to the wall street journal and new york times. icahn says the reports are completely irresponsible. and the moment, we will have an expert on insider trading who has defended multiple white-collar criminals, including bernie madoff. also joining us is a man described as wall street's nemesis, former federal prosecutor and former candidate for new york state attorney general. sean coffey will be joining me. and the apple developers conference is getting underway in san francisco. apple is expected to unveil a new version of the operating system for the ipad and iphone. theident obama proposing boldest step yet in the fight against global warming, calling her power plants to cut greenhouse gas emissions by 30%. we are a

i am betty liu. it is 26 minutes past the ever which means bloomberg television is on the markets.n ferro has the latest on the futures. futures are lower after a week of losses on the s&p 500. industrialpite production coming in better than expected. concern,only one geopolitical risk and tension in iraq showing no signs of dying down. in surgeons claiming more territory. what happens next as the spread through the region? we are tipping from the s&p 500. you have the small matter of the federal reserve meeting. >> let's count down to the open with the top 10. these are the only traits you need to know about. let's start with number 10, vodafone. the company has announced plans technology.- the acquisition will increase vodafone's machine capabilities and is expected to close in the third quarter. >> number nine, he'll shire brands. it with true support for pinnacle foods. they do not have the right to terminate the merger in agreement. >> number eight is weatherford international oilfield. they changed their placement from switzerland to ireland. fell 2.5rd shares percent on the

i am betty liu. 27 people were killed in a gunfight in pakistan airport.urity forces killed 10,000 fighters who carried out a late-night attack. airport -- airport of -- airport employees were killed in the attack. the economy grew faster than estimated in the first order. 6.7%. rose most economies 5.9%. increasednvestment more than originally expected. an increase of 10% according to the company. surgedt of coffee has more than 55% this year. the worst drought in five decades or lost. a cup of joe will be more it's as if. it is 26 minutes past the hour. lumbar televisions on the market. matt miller has more. class it is time for futures and oh. we are also talking about coffee. the price of coffee futures surged earlier this year. last year, they entered the ball market at 20%. we will look at why coffee futures are living off. at senior commodity broker rj o'brien and associates there that start with you. think about the bear market we entered a week ago? >> yes. all of this is because the consensus is that the drought had done a look -- less damage than

joining us now is betty liu. your focus on house leadership changes. >> some of it was expected.scend to the home of majority leader. there was a three way race. tim coming out as majority whip. now we have this leadership in place. how will the rest of the party align then? we have a congressman, scott ritual, who is warren buffett's favorite republican. he believes that he is one of the down the line, moderate republicans. he has been fighting the extreme. what does rigell have to say about the change in leadership? >> if you could please ask mr. rigell my question -- whether the change in houses will have any bearing on the six senate seats the republicans are trying to grab. >> that is a great question. 2016rm elections and presidential election. >> looking forward to it. inky so much. >> thursday morning must-read i want to share. this comes from the new york times, from roger:. pretty poignant. here is an excerpt. arece in the absence of sustained political strategy leads nowhere. this has been obama's failure in afghanistan and iraq. frank keating, you're a two-time govern

i am betty liu. stocks lower. the s&p begins today at another record high. run into demonstrations, the first gm shareholders meeting since becoming ceo. the board of a botox maker has rejected the latest takeover offer. a $54 million offer undervalued the company. family dollar wasted no time putting up a defense against carl icahn, and the company was quick to enact a poison pill plan monday after icon revealed --ine point four percent 9.4% stake. futurees the short-term look like for family dollar? click it acknowledged it has issues with the business. already taking action. becausetting its prices even though the prices are 10% higher than walmart. that is according to a bloomberg industries survey. secure should is very good. the comparable sales have been very good here there is room for family dollar to make changes. process already in the of trying to make changes to prove the business. qwest is there a way or icon to get around this? >> it is unclear. no. houston --ake a hostile takeover for the company. shareholderser big , 7.4%. john paulson is 5.

i am betty liu. the s&p fell by the most in three weeks. the fighting in iraq has oil prices higher. islary clinton's popularity slipping. a bloomberg national poll says 52% of americans view the former secretary of state favorably. that is down from 70% just a year and a half ago. mickey jack slurve has done pretty well for himself a j.crew since investing $11 million of his own money since he became ceo. he has accrued about $83 million. j. crew continues to struggle. it faces new competition from companies offering similar brands for less money. some are wondering whether he will be able to revive j. crew. how was the company's performance for the last two quarters? >> they have not been great the last two quarters. they have seen sales slip from where they were. they were doing really, really well for a while there. they were the king of the kings. like most of retail, they have seen that shrank come which is particularly bad for them because they were said to be considering an ipo. changedf the fortunes so quickly? only a few years ago

betty liu will be back tomorrow. they are in detroit today. that he is talking to them.d show tomorrow. stay "in the loop." ♪ >> it is 56 minutes past the hour. we are on the markets. we are 30 minutes into the start of trading. we are two minutes away from the new home sales report. we have a mixed day for stocks. a record high. this consolidation has moved into a second day. home prices rose at a slower rate area we will get the housing data in five minutes. we will get more later this week. oil,u take a look at crude it is down just a hair. a very little change. bit more little the conflict in iraq won't disrupt oil production as much. mark carney is a saying that wages are not rising as fast as expected. it is more than five years old. many are wondered how much longer the bull market can last. the legsn says it has to keep running. he believes that it is possible that the bull market could last another 10 years. another decade with average yearly return of about 10.5%. >> for the next 10 years? >> it is possible. it is not nostradamus. one of the big linchpins in hi

i am betty liu. we have a lot to cover. bob nardelli. at ourst, here is a look top headlines this morning. expected to plead guilty today to charges that violated u.s. sanctions. the u.s. will have to pay a record fine, almost $9 billion. streaming video startup, aereo is regrouping after last week. it has shut down its service over the weekend temporarily while trying to figure out if it has any you chirp. and, on the brink of default for the second time in 13 years. that country is expected to miss a bond today. the day gm victims have been waiting for has finally arrived. disaster response expert ken feinberg -- automakers fund to accommodate victims of an ignition switch defect will finally unveil his plan on how they will be compensated. yang yang is in washington with more on what we could expect. already, details are beginning to emerge. >> that is right. announcement. according to a gm lawyer interviewed by bloomberg news, ken feinberg's compensation plan is expected to offer for all drivers and passengers killed or hurt in one o

joining us now is betty liu. >> we are staying with the whole world cup theme.of the founders and president. half of their projects are in brazil. rather than shy away from the city you have been hearing about and some of the real economic problems that are percolating in brazil, he is doubling down. he says he feels is good about brazil now as he did back in 2009. he had stopped for a little while because of the concerns about slowing growth and inflation in political leadership. he will be on to say why he is doubling down, and also, the cmo . that might become an extinct physician. an authorcording to on a new book. -- that might become an extinct physician. -- position. >> chief marketing officer i would think is the most important jobs. >> you would think, but in his view the job is not evolving fast enough. >> a different kind of job a more cto may become important. >> i do not want the hate mail. i was out for a couple of days. i went to denver. mccourty a airport in new york city mobbed. denver airport mobbed. this is why you like the airlines. >> we do.

your "in the loop" and i'm betty liu. hour and that means louvered is on the markets. scarlet fu has more. -- bloomberg is on the markets. scarlet fu has more. >> not a lot to tell you right now. pretty much flat, but you could call it makes. consumers spending less than forecast, half of the expected 4/10 of one percent, even as incomes increased by 0.4%. the savings rate, we should mention, climbed to an eight-month high. we will continue to keep an i on the other asset classes, but right now, these are pretty slow. perhaps people are slowing down before the u.s. versus germany game that starts at 12:00 noon. >> that's right, hopefully they are taking the day off. this is the top 10, the only stocks you need to know today. alix steel joins in. let start with number 10, pnc paragraph -- pnc paragraph. they violated a banking deal that would cut solid operations for as long as a year. the talks could reportedly and as soon as next week. >> number nine is google. the search provider has begun removing some search results i

you are talking to betty liu about the shift in tone from the boe and mark carney and how it has caught people by surprise. were you caught by surprise? thatwas surprised he took stance. >> it has been a rapid change of language. are unpredictable. you should know that by now. >> it has been shocking. is surprisedngland about the low probability of actual rate hikes. why are they surprised? the guys behind the whole thinking in the market, that we were going to get no raise, they have added -- they have batted it away. rush and eagerness to normalize policy? curveball financial stability? the big fear is that in two years, when we get the next crisis, we're still a zero, how do they react to that? >> you are right. they have been talking about this since 2009. the forward curve has been upward sloping since 2009. it has been wrong since 2009. it will be wrong for probably the next five years. what carney is doing, and i what janet is going to do today, i think she is going to go hawkish. prick theying to bubble. loans are flying off the shelf. there is a credit bubble spread and she has

i am betty liu. the largest social network was antisocial for a while today. users couldn't access facebook or half an hour in cities ranging from tokyo to johannesburg. facebook says things are back to normal and is not saying what exactly the problem was. hedge fund manager phil falcone is stepped down from lightsq uared. he wanted to turn it into a rival of the biggest mobilephone providers. and when it comes to beuisitions, l'oreal may getting started. the world's largest cosmetic maker is on track to spend $5 billion on acquisitions for the first half of the year. l'oreal just wan -- just bought nyx cosmetics and the ceo talked to th bloomberg. >> we see all the opportunities, we are very selective. we take only the ones that we strategy, that are complementary to our portfolio, that have potential. but we are confident that we can find other opportunities this year or next year. this is the story of l'oreal. and 26 minutes past the hour, which means bloomberg television s "on the markets." equity futures are little changed, jobless claims numbers in a fe

i'm betty liu and you are "in the loop" kevin mccarthy likely to be the new house majority leader todayoeric lost big in a primary race last week. stay with bloomberg for full coverage including a special edition of "bottom line." we will bring you the web via -- t-mobiley outspoken why on wh exclusive -- exclusivity suck with the new music streaming service. they mayymakers say expect interest rates to remain low for considerable time. janet yellen says she was optimistic about the economic recovery. the u.s. is distancing itself from the iraqi prime minister nouri al-maliki. and general electric ceo jeff immelt is making a last push to acquire

you are "in the loop" with betty liu.ge of the newly design crossover suv, it will be sold over 100 countries. and in mississippi, thad cochran finally pulled that win over his tea party challenger to win the runoff. he was helped by democrats who crossed party lines to help me election. and the obama administration with more sanctions against the ukraine, there are planet newspaper ads saying that sanctions may her jobs. the obama administration is clearing the way for the first exports of unrefined u.s. oil in four decades. crude oil. not since the 1970's have american companies been allowed to sell their oil overseas. we have more on how big of an event that this is