up, betty liu will speak to mohamed el-erian. dr.l-erian will join betty liu on bloomberg television worldwide later this morning. this is bloomberg "surveillance ." i'm tom keene. adam johnson. scarlet fu demanding the day off. alix steel came in. dollars for a good reputation. what matters more when it comes to wall street? goldman sachs is facing a lawsuit over its boys club employeee, a former complaining about his small $8.5 million bonus. these headlines are really sexy for media to talk about, of course, but what is the biggest distinction between the headlines we see now and five years ago? >> when you put things in historical context, it makes things now seem less exciting. wall street 10 or 20 or 30 years ago was not exactly a good healthy place in some ways. but it was a lot of fun. 's to your point and alix point, there was question of behavior. >> it is not fun if you are a woman and you are feeling victimized by the culture. it is a relatively old lawsuit going on for three or four years. thetwo women who brought lawsui

. -- diane betty liu. -- i am betty liu. it is 26 minutes past the hour.omberg tv is on the markets. equity futures have taken a turn for the higher. the private sector jobs report from adp coming in much better than expected. 200 81,000 jobs created last month, well above estimates of 200-5000. that leads -- 200-5000. that leads to tomorrow's jobs report. a controversial program that forces google and facebook and other web companies to hand over e-mail and other web traffic is legal and effective in preventing terrorist attacks, but the program needs to be revised to protect americans policy. that is the conclusion of a government oversight lord. chief washington -- board. chief washington correspondent peter cook has more on one of the programs leaked by edward snowden. >> one of his biggest regulations -- revelations. it raised questions about whether the nsa was sweeping up the e-mail of average americans as they searched for foreign terrorists, and whether major tech companies like the ones you mentioned were allowing it to happen. this report releas

>> from bloomberg world headquarters in your, i am betty liu in for mark crumpton. ottom line."o today late -- we look at the deal for veterans. then john kerry calls for hamas to disarm to resolve the crisis in gaza. the business behind famous artwork. to our viewers in the united states and those of you joining from around the world, welcome. full coverage of the stocks and stories making headlines today. phil mattingly has the latest on negotiations for a cease-fire between israel and hamas. today's commodity markets and watching peter cook as detailed on the eye partisan deal on congress to these long wait i -- wait times for veterans health care. the two authors bernie sanders of vermont and house republican counterpart jeff miller just wrapped up a news conference on the hill where they were walking reporters through the greatest aspects of the deal, the first legislative response to the controversy surrounding the long wait times across the country. at least 35 bets died awaiting care in phoenix alone. 12 million in new money. $10 billion in emergency funding be ahose who

they come up betty liu and i next sunday,g up betty liu and i will speak -- coming up and 9:00, bettyiu and i will speak to former federal reserve chairman alan greenspan. is the punch bowl being pulled away? stay with us. ♪ >> good morning, everyone. the euro is on the move. a stronger dollar is widely predicted among many. --re it is, one dollar $.34 $1.34. 0-0 on the euro. michael holland is with us this morning. we made him get up early, like 2:00 a.m. in the morning. and cory johnson is here visiting us in new york. tom, 15 to 20-- palestinians were killed in a school run by the united nations. takesre saying is really -- tanks fired the shells. whetherfrom israel on they are trying to confirm whether it is one of their shells or from hamas. the worst evil outbreak ever in west africa. the death toll is approaching 700. acres of the national park are in flames. firefighters are trying to stop it before it reaches the giant trees. visits from tourists are being limited. >> post earnings, one big theme for the what -- for the wall street banks is a slowdown in income trading, meani

betty liu, ancho "in the loop ." you know what big game is coming today?rmany at 4:00? >> bingo. semifinals of the world cup. and the following day, argentina versus the netherlands. can the host country went their star. ♪ >> good morning, everyone. "bloomberg surveillance." tomorrow on the program, stephen whiting will join us, the best i know at linking earnings to our accounting -- to our economy. we are real to have scarlet fu with us. revenues, earnings. >> the one you want to watch is wells fargo. steve wieting kicking off our earnings season. >> our guest host for the hour, dean maki, chief economist at barclays. let eu company news from the files of "bloomberg west." mark zuckerberg urging the closure of a digital device. the facebook founder called for universal internet access. zuckerberg knows that two thirds of the world us on mine and the future of the global economy depends on getting them connected. oculus says it's apple and google can do it, they can, too. the virtual reality company says they will hold their conference next fall full sub

he will be on "in the loop lows quote with betty liu. -- he will be on "in the loop" with betty liu.ome of the dreaded new york yankees. >> dreaded, dreaded? >> this is "bloomberg surveillance." i am tom keene. with me, scarlet fu. adam johnson also with us. get us started, scarlet. ibm, the former pc maker and now software and services company, will report earnings after the bell. the interesting thing about ibm is how it transformed itself. it was a pc maker data became a club company. now with a partnership with apple, it is trying to make a dent in mobile enterprise. we will check with brian way of -- brian whiteld of can't surface cantor fitzgerald. going through a transition, and it was a first time in ibm ceo ever mated to the mobile world congress, and she gave a keynote. really they opened up to developers to develop mobile apps, and that is part of what she was talking about. their --reas of focus big data, cloud, they acquired software, social, and also mobility. big areas of focus. >> are they under investing -- she has so much pressure to keep shareholders happy, she is

you don't need to be bittersweet about it. >> thanks to betty liu with espn president, john skipper.just won bitcoins worth $19 million. what does tim draper have planned for all of his virtual currency? he joins us, next. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of forward thatrought the feds raised interest rates. the dow is down nearly 4/10 of a percent. nasdaq was down over three quarters. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. tim draper was the highest bidder on a u.s. government auction of nearly 30,000 bitcoins. it was part of a larger pool of the virtual currency that was seized from a website. he beat out 44 other bidders which were worth about $19 million at the time of auction. he says he will use the currency to help grow a startup he is backing which enables companies to trade and store bitcoins. joining us to discuss, tim draper himself. thank you so much for joining us. so, why? why did you bid so high for them? >> this is a very exciting new technology. it can transform

betty liu got an exclusive interview with john skipper and ask them what they learned in 2010 that is translating to 2014. >> we applied a lot of the lessons we learned in 2010. of documentaries we did, the amount of international talent. we decided that everything that worked in 2010 will work better because the time zone, because it is brazil and how special it is for soccer. more people are coming to soccer in this country. our average television rating is at 39% despite the fact that is that much up, the digital viewing has been through the roof. this is already the most strained sporting -- streamed sporting event of all time. we are 70% beyond the sochi olympics. we will be more than double it. >> a want to go through some of the numbers for live streaming. over 3.3 million for the u.s.-germany match. 3.5 million for the u.s.-belgium match. how do you capitalize on that? >> we are because those people who are watching, we are selling ads. >> you sold more? the seven rating should be higher for the world cup. this just means we are delivering. >> it didn't go off without some hit

alix steel is in for betty liu today. and investment world to the international relations we have seen over the last number of days. that is at 8:00 a.m. this morning. i am tom keene. with me, scarlet fu and adam johnson. >> it will be interesting to see what he has to say to ms. steele about the markets. >> the rare gift of adam johnson imitation is frightening. >> we want to bring in steve miller. let's talk about what aig has been doing. more than $2 billion in settlements aig has recouped over soured mortgage funds. are you done with lawsuits and this effectively closes the chapter on what has been a contentious period in history. >> this is the largest. we are just about complete. was af america settlement very large case. we had filed a came for $10 billion. we ultimately concluded it was a fair way to finish it on both sides. 650 million. >> are you going to capture another billion dollars? the autotalk about parts business. they do not talk about -- like that. is important to steve miller and peter hancock? >> we

. >> betty liu "in the loop" begins at 8:00 a.m.irst because the stock is moving right now. this after the company cut its sales forecast. betty liu talked about the company having a tough go at it. competition is increasing from new rivals. down 3.6% in the premarket. rise are forecast only to 10% as much as a gain of 11%. still, i might point out, pretty good. >> but the margins have had to come down because they have had to attract more customers. the newsrands is in once again. they had cited concerns over quality of meat they were getting from supplier osi and they were going to get -- to sever that relationship, which begs the question of supply in all their stores. two thirds of their business comes from china. if you've got a problem of sourcing your chicken in china, you got a problem. you have a related story. >> yes, related. antibiotic in -- and erratic resistant infections kill 23 million americans -- 23,000 americans each year and make 2,000,006. -- and make 2 million americans sick. you know, you are what you eat. ant

betty liu takes over. ♪ >> good morning. it is monday, july 28.omberg headquarters. we have a great show ahead of you today. we will get thoughts on how the airline industry is dealing with the latest geopolitical fallout to pay its first dividend in almost 35 years. the business goes on in the airline industry. we will cover all of the latest and ceon a president robert reston. russia has fired across the border. supplying rep -- weapons to rebel forces in the ukraine. the former owner has one a landmark $50 billion award compensating -- confiscating their company. back here in the u.s., murder monday. a big takeover. a company agreed to tie -- to buy

i am betty liu.roposal to end its weeklong strip.ith the ghazi hamas rejected the plan and fired more rockets into israel. -- israel warned of the truce does not hold, it might step up its attacks. the world's biggest car maker of luxury cars will increase the number of batteries it buys from samsung. bmw is prepared to roll out a line of electric cars and hybrids to compete with tesla. for longtime comic book character archie andrews, who died in the latest issue of life with archie when he throws himself in the path of a gunman when he tries to shoot take a friend. -- he is book series still well and alive in the withar archie series veronica and betty. it is 26 minutes past the hour, which means bloomberg television is on the market. equity futures are again showing a higher open. we are all waiting the janet yellen testimony on the hill. monetary policy about the labor market that could affect investors and trade today. we are on the markets again in 30 minutes. search continues for jcpenney. fin

i am alix steel, unit four betty liu -- in for betty liu. it is 26 minutes past the hour. the markets. futures are continuing to claw their way higher. equity futures are about eight point up. the cpi index for june coming in at 2.1% overall. we have seen the s&p shake off any decline that it saw yesterday. we are on the markets again in 30 minutes. let's count down now to the open with a top 10, the only stories you need to know about today. scarlet fu and michael mckee join in. i will kick it off with all trio, the largest seller of tobacco in the u.s.. the company, which raised its price back in may has been cutting costs to offset anti-smoking trends. a might face competition from a possible merger. >> number nine, travelers. the insurance company fall in the market with second-quarter profits dropping 25% on catastrophe costs. the u.s. was hit with 320 euros last month compared with 125 a year earlier. >> number eight, hogs -- is there a better kicker? tciker.r -- harley davidson getting its newest bike. rad forvorite is writing. united technologies. they gave a bulli

i am betty liu.e are our top headlines. --mbs bake shop has crumbled the bakery chain closed all of its stores. they had expanded to 48 stores nationwide after beginning with one store in new york city. samsung is forecasting a recovery in sales after posting second-quarter profits that missed wall street estimates. analysts say the world's biggest smartphone maker is feeling the heat from apple and chinese competitors. they are counting on demand for fourth-generation products to revive growth. pope francis is making big changes at the vatican bank following a scandal-plagued the year that saw more than 2000 accounts locked and profit dropping 97%. the bank, known as it's -- the institute for religious work plans to break off investments. it is --it is 26 minutes past the hour. bloomberg tv is on the markets. equity futures are declining yet again. you can see s&p futures are down about .2%. a member, the earnings season is about to begin. alcoa will be reporting results after the close. stocks will

i am betty liu.e is a look at the top headlines -- the government was dealt a blow in and seven-your crackdown on insider trading. federal traders found hedge fund trader rengan rajaratnam not guilty. he is the brother of raj rajaratnam, who was found guilty three years ago and is now serving 11 years. billionaire carlos slim will divest aspects of his own company to his newly formed company. allow them to escape copper regulations and penalties. abbvie is not giving up lands to buy shire. they want to move their legal home to the u.k. and when a tax break. they made a fourth offer yesterday that valued shire at over $50 million. it is 26 minutes past the hour. bloomberg tv is on the markets. equity futures are rebounding after two days of losses. a big selloff in technology shares. we're getting breaking news on american apparel as you know that saga with its founder and ceo. the company says they have reached a 25 million dollars deal with standard general, one of its biggest investors, and they al

"in the loop" with betty liu.ank of america earnings and about 45 minutes. >> another transaction. more like a partnership. shares of apple and ibm are both trading higher. the longtime rivals are joining forces. the goal is to expand the business market for mobile devices. we have david kirkpatrick and the founder and ceo of tech onomy. bring your own device? employees insist they use that device for everything. >> it is like the employees over the will of the cio pulled apple into the enterprise. that is the world we are in. useybody has wanted to apple in this enterprise for some time. a lot of people. for a five years ago, i moderated a panel and the guy was telling me he had helped a major media company give ipads to its senior leadership and it was the first time in all of his work as a cio that he had ever seen true enthusiasm among the tech clients inside the company. when you give them an ipad, they light up. >> the security is not as tight as say a blackberry or other devices. >> it needs to get tighter.

i am betty liu.ncluding what is next for wall street now that all humans being driven to but -- to drop off a cliff. cantoratthews, ceo of fitzgerald, is going to be joining us for a deep dive. bus revenue in mccloud drops for the first time in five years last month because the bettors are watching the world cup. we will bring you an exclusive interview with sheldon adelson, of ahead of our rise micallef special that airs next week. first, a look at our top headlines this morning, doug charney is turning up the heat, increasing his stake in the company to 43%. he is fighting the board's decision to fire him. record for general motors, gm has recalled another 8.5 million cars, most of them for those faulty ignition switches. for the year they have recalled almost 26 millio

you are "in the loop" and i am betty liu. ken feinberg joins us.ensation fund for gm victims. it to governors sound off on what it takes to create jobs in their own home states. they will be joining us. watch our exclusive interview with charles evans and why he thinks it will be a long time before interest rates rise. this is very different from what we have heard from fed officials. these are top headlines. portugal second-largest bank says it has enough capital after a debt crisis. they missed payments on commercial paper. israel is stepping up its attacks. they have called up three infantry brigades.

. -- betty liu.pbeat earnings from automakers are driving futures higher and jobless claims drop to an eight-year low. ford in the fast lane, posting its 21st straight profitable facing a costly ignition crisis fell a little short. walmart will have a new u.s. chief next month. 53-year-old greg foran is taking over as president and ceo of the u.s. unit, succeeding bill simon. for more on the story, julie hyman, who has been following walmart quite closely. why is simon leading? >> it is interesting. on one hand, walmart has been flagging, and u.s. revenue is a huge part of what walmart is. on the other hand, bill simon was recently passed over, essentially, to become ceo of the entire company. doug macmillan got that job. it might be that he is leaving for that reason. came from walmart in asia, and now is going to the u.s.. what do we know about him and his style, and his turnaround success that? >> he has not had experience in the u.s.. >> that might not be a bad thing. >> i believe he is a new zea

betty liu, this has to be the ultimate victory for espn. >> oh, yes. the -- despite all the streaming glitches that have been talked about, it he is a happy man. he has been over the last several weeks. has been a little bit of a change here in america. suddenly we are all watching soccer. that is something that even back in 2010, he was certain noticed during the world cup games then. here's what he said about what they learned. cup where therld united states went out in exactly the same round in a 2-1 defeat, i said people are still going to care. we are going to get the audiences. all of this will continue happening, and it did. it will happen here again. >> he was right. do notr at espn they have the rights for the world cup the next two times. fox does. so fox will be able to capitalize. on what john skipper is doing today. we are also talking tech. this is an area that susan is familiar with, hiring people in tech industries. and the founder of keep.com will weigh in on why it is so much more difficult to find people than in other parts of the wo

i am betty liu. you are "in the loop." just reporting, increased 3.8% on lower credit costs. sales have topped the preceding quarters for the first time since 2009. have a mixed scenario for wells fargo. don't hold your breath. that is the message to investors writing on a fed rate increase in chicago. rateiting on a fed increase in chicago. mike joins us now with more. what do charlie evans say about interest rates? if not anytime soon, when might they go up? to havenk you're going to wait at least a year-and-a-half, maybe two years, at least according to evans. next year, charlie evans is going to be a voting member of the fomc. at this point, he does not want likete for a rate hike, most people are expecting. he still sees unemployment too high and inflation to low. he said inflation -- those conditions are going to continue through 2015. here is what he had to say about timing. said for quite- some time that highly accommodative monetary policies are appropriate. i think that it could well be the case that it should be

>> i was joking with betty liu about that earlier. this is not like opening an apple store so far.be people don't know that this exists. this is something the media is covering closely. we are in industrial part of town. there is not of signage. people's this will get attention. that theylso the fact are concerned about how much supply they will actually have. restrictions some on how much you can actually buy. >> may be don't wake up that early. thank you so much. jon erlichman is standing outside one of the first stores. i want to talk with one man who wants to cash in on this pot boom. he invests specifically in the canvas companies. he is also in seattle this morning. brandon, what does this mean for you? we are excited about this experiment in democracy. this is unfolding before us today in washington state. >> give us specifics. over a year-and-a-half ago the residents of washington state voted. now we have 21 stores that had been approved and will be over 300 eventually. it is another migration from a black architect of illegal market. just like alcohol to lace 75 years ago.

betty liu, thank you. to the show. >> more than 35% of americans are facing debt collectors. new data coming out from the urban institute. i'm curious to get your take, mr. jim grant. in theory, the fed with all of this loose money was supposed to make it easier to help people get out of debt. is it not working? >> welcome a low interest rates make it very easy to get into debt. >> good point. so you add more. >> well, yes. i think personal debt is not so high as it was if i'm not mistaken. but the fallout from these ultralow interest rates is perhaps more basic than merely borrowing and lending. it has to do with the dynamism of the economy, and so far -- >> birkin handbags and gulfstream jets. >> a friend of mine says that the real interest rates, interest rates raise above the slate of inflation, substantial, old-fashioned interest rates are likely shock caught in basketball. they force action. way back in the early 1950's, no shot clock, the games were 14-12, no television coverage because -- in busine

the former saks fifth avenue chief executive offer as "in the loop" with betty liu. stephen sadove.ings on the white house's plate is immigration and how to resolve that. two lawmakers offering a bill to deal with the border crisis. president obama request for emergency funds has turned into a partisan proxy fight. politicians struggling to compromise on a fix. 's long-term reform -- a far out fantasy? it is not just politicians struggling here. it is a struggle and split within the democratic party. >> it is no longer a republican abstraction. it splits within the democratic party and that is what they're going to do with these 50,000 plus kids. >> all the news organizations talk about putting the mothers and children on a plane to fly them back to honduras. what happens to them when they land? thehe understanding is that department of homeland security work with the government where they send the individuals back, to have some type of arrival greeting party. after that, it is up to the party. if you send these kids back, what are we doing as a party. >> the house democrat in this

i am alix steel in for betty liu. we have a fantastic show lined up for you. quiet. why this political geo turmoil geopolitical turmoil is barely bothering investors. flying high after the earnings report. we will discuss ongoing consolidation. here's a look at our top headlines. ukraine troops say they faced artillery fire from the russian side of the border. meanwhile, russia's central bank squeezed by sanctions and a currency crunch to raise interest rates for the third time this year. rupert murdoch collects some sugar. getting 9 billion dollars for two european paid tv units. that cash could help murdoch -- raise0 billion bid his $80 billion bid. amazon reporting second-quarter sales 23%

i am betty liu. 600,000.t is how much the population of pamplona, spain can increase during the running of the bulls. next monday.until it has gone on for four centuries. 15 people have died in the running of the bulls since 1924. thousands have been injured. here is a look at our other top headlines. archer daniels midland has made its biggest acquisition ever. it has acquired the maker of the capri sun juice string, wild flavors. japan, they have issued an emergency warning for a typhoon. the storm is expected to come close to okinawa tomorrow. not many people went to the movies this weekend. ticket sales were down about 50% on the same time last year. however, the new "transformers" movie is still the box office champ for the second week in a row. it brought in $36 million over the weekend. in second place, "tammy" brought in a little more than $21 million. bloomberg television is on the markets. matt miller has more. >> is very exciting day to be looking at the markets with what happened last week before

. ♪ >> i am alix steel in for betty liu.e is a look at our bloomberg top headlines at this hour. the final journey today for the victims of the malaysian airline tragedy. they real change coming today. pricex dollar per share will and for many investors and the goal is to prevent panicky selloffs. a loss u.s. patent protection for its best-selling product. 26 minutes past the., bloomberg television is on the market. you are looking at futures trying to inch their way higher here. over $23 revenue billion. could not hold the lead of -- the level. yesterday, bill ackman would lay out his case, proving it is what he called a fraudulent pyramid scheme. all that has been delivered seem to be empty promises. the role of activism and how that is placing on the market. julie hyman is in the room during the presentation. from washington, the children's former commissioner announced senior policy -- you're seeing my guest host for the hour, our restructuring expert. you are in the room. how big is this for ackerman? he is clearly pass

i'm betty liu. the success of its playstation four and spiderman sequel helped to boost the bottom line. the company is trying to reshape sixbusiness to avoid it annual loss in seven years. withbrands has cut ties the company that allegedly repackaged old beef and chicken and sold it to kfc and mcdonald's restaurant in china. yum foods says the safety scandal has hurt its business and could cut into its annual profits. has slashed its full-year forecast. its annual profit will be at least $241 million short of its forecast. the company cited -- cited a slump in demand and increased risks in the russian market. bloomberg television is "on the market" and equity futures are trending a little bit lower. we have new economic numbers having out in a little bit. 300,000 is expected where we -- is where we are expecting to see jobless claims come in. we are "on the market" again in 30 minutes. ceo, topepsico americas be the next head of target. for more, i want to bring in between stan in atlanta -- duane

i'm alix steel, in for betty liu. flight reporter from an air flight that crashed has been recovered. that is according to french president francois hollande. mali is fighting -- a stock on the world bank of scotland is nearing a three-year high after reports that profits nearly doubled in the first half of the year. largestritain's state-owned lender. company is buying a company of ireland and plans to cut its u.s. taxes by moving its base there. the hour.inutes past bloomberg television is on the markets. futures are taking a bit of a breather. s&p futures are down about three points. another record close for the s&p yesterday. the nasdaq is heavily weighted to the downside. negative earnings report from amazon. premarket shares are down as much as 10%. we will be on the markets again in 30 minutes. fullngs season is in swing. many companies surprising to the upside, pushing markets to record highs. what does this say about the state of the u.s. economy? >> are we spending more and buying more? is that theells us fi

you are "in the loop," and i am betty liu.t -- record after record, it looks for the tao is headed 17,004 the first time. the bowl run keeps going. in france, former president nicolas sarkozy has been charged with influence peddling. ceo jamiehairman and dimon will undergo treatment for throat cancer. curablehis illness is and he plans to run the bank while receiving radiation and chemotherapy this summer. vice chairman of jpmorgan jimmy lee who was supposed to be out of the office today is coming into talk to staff and walk the floors, but it raises questions about succession planning at the biggest u.s. banks. joining us on the phone is an author that has written extensively about the banking sector,

i am betty liu.alaysia airlines jet and is really sending ground forces -- is really sending ground forces into the gaza strip. we will hear from hillary clinton on both issues. congressman mike turner of ohio, senior member of the house arms services committee. first, here's a look at the top headlines. russia and ukraine pointing the finger at each other over the malaysian air disaster. ukraine says it intercepted phone calls from pro-russian militants discussing the missile strike that knocked down the airplane yesterday. crossedy troops have into gaza, the first major operation in five years. israel owned palestinian positions for 10 days but were unable to stop the rocket attacks from hamas militants. another u.s. health-care company will shift its residents overseas for lower taxes. agreeing to buy the british company shire promised 55 billion dollars. it looks like ideal is going to get done. first i'm a

the president was on with betty liu on "in the loop" this morning. if ebay has lost customers due to the password breach. >> we have not seen that yet. we haven't seen any evidence we've lost a substantial on the people. we haven't seen any evidence data has been used maliciously, so that's the good news. the bad news is anytime you get 150 million people to turn over their password -- we are happy that it is increasingly in the rearview mirror. >> how do you make sure you completely regain the trust of your customers? >> just getting it right going forward. great product experience, having the overwhelming majority of transactions on ebay go well, which they have for decades. it's constantly getting it right for buyers and sellers. we are going to sell over $80 billion of goods this year. it's an enormous marketplace and i think almost all of our customers know the multiple layers of protection that we have. it's an unfortunate incident but we see customers coming back. i believe they trust us. >> do you know why the data has not been used malicious

. ♪ >> from bloomberg world headquarters in your, i am betty liu in for mark crumpton. ottom line." we look at the deal for veterans. then john kerry calls for hamas to disarm to resolve the crisis in gaza. the business behind famous artwork. to our viewers in the united states and those of you joining from around the world, welcome. full coverage of the

betty liu got an interview with john skipper, espn president, and asked what they learned from 2010 thattranslating to 2014. >> we applied a lot of lessons we learned in 2010. we took it up several notches. all of the documentaries we did an studio shows, the amount of international talent, we just decided every thing that worked in 2010 will work better because of the time zone, because of her zillow and how special it is for soccer, because more people are coming to soccer in this country. our average television rating is up 39% despite the fact that it is up that much, digital viewing has been through the roof will stop -- through the roof. this is the most streamed sporting event of all time. we are 70% b on the sochi lÉvesque's. we will be more than double the sochi olympics before this is over and was the previous high water mark. >> i want to go through some of those numbers for live streaming. u.s. -- million for the germany match. 3.5 million for the u.s.-a belgian match. those people who watch there, we are selling ads for those folks. wish you sold more? >> i always wish we so

i'm betty liu in for trish regan. this is "street smart."e most important hour of the session. 60 minutes left until the closing bell today. brian grazer rubbing elbows with the media elite at the summer

this morning, betty liu asked former fed chairman alan greenspan what he thought about the market valuations really want to talk about current fed policy, but she did ask where he thinks the market is headed from here. >> the stock market has recovered so sharply for so long , you have to assume somewhere along the line we are going to get a significant correction. where that is, i do not know, but i would not say that we are grossly overpriced at this point in the historical context. >> joining me with reaction to the former fed chair's comments is bloomberg news stocks editor mike green. i'm going to put you on the spot a little bit. i remember and i'm sure you do, too, when we clung to alan greenspan's every word in his congressional testimony and everybody thought he was the biggest genius on the face of the planet. is that still the case? do people still listen to every word? >> they still listen to him. the numbers,t people reading it and definitely interested. basically what he looks at is what they call the fed model. you sort of take the opposite of the price to earnings ratio and l

. >> joining us now is betty liu. are going togs kick off, but what else you have.ing numbers for us. two big exclusives. we are kicking off with that and we have two big property players on our program this morning. zuckerman will be joining us. he says the jobs market is even hundredsal, forget the of thousands. most of the jobs being created are part-time jobs. >> that was my morning must read. to repeat it. full-time jobs plunge by 523,000. part-time jobs up by 800,000. >> there you go. says this is a sickening trend that the obama administration is ignoring. blau is creating a project on the westside of manhattan. it is expected to redefine living in new york city and the mixed-use private development project and how it will look across the country. he is joining us. becoach and time warner will tenants, right? which they are moving out of the time warner center. >> it almost guarantees i will have to make a stopover. >> you might live, work, eat, and play, who knows? news at the top of the hour that citigroup has reached a settlement with the federal governmen

good morning, i am betty liu.ook at our top headlines this israel, bombings in targeted at hamas following the discovery of the bodies of three missing teenagers whose abduction and killing are being blamed on the palestinian islamist group. pinnacle foods has scrapped its sale of the hill shyer brand. receive $163 million in a breakup free -- breakup fee. it frees up hill shyer to be purchased by trending for the companies. the nba free agent -- free agency begins today. all onwade, chris bosh, the market. lebron james, named the most valuable player in the nba, opting out in the final two years of his contract to become a free agent for the second time in four years. where will will lebron james go? 26 minutes past the hour, meaning that bloomberg television is on the markets. equity futures are showing another day of gains where we have been on six quarterly winning streaks in the market. all of which has been help by overnight,at we saw including chinese manufacturing, accelerating more than expected. just giv

betty liu had a chance to walk through the site with the man behind the project, jeff blau. >> you seeght behind us. 1.7 million square feet. -- you see right behind us that building. 1.7 million square feet. we're are working on different tenants and leasing. we have been negotiating with neiman marcus for an anchor. >> big anchor tenants. do you take them to the site? >> when deals are getting done. investors, shareholders all want to come through. this will be one of their largest urban stores. they will not make that decision lightly. >> do you want to show them how big this place is? >> you cannot come here and look just at the construction and hear the whole story. what is going to happen here is creating the new center of new york city. >> you want everyone hanging out by central park or downtown. >> the high line has become one of the biggest attractions in new york city. there was a park dividing 10th avenue and 11th avenue. the last dome will be the new entry to the number seven subway line. we are bringing everything necessary here for this to work. essentially, you want som

betty liu was talking about the former ceo of american. it is my quote of the day. consolidation has worked like a charm. avenue passenger miles is funny statistic. revenue times passengers times miles has been up consistently for four years in a row. they are making money. >> up from where? >> up from the depths of despair. you look at earnings forecast for this year, american airlines just completed the deal with us airways, it is going to more than double. united, southwest, jetblue, anywhere from 30% to 50%. >> what kind of ownership stake is richard branson have? how much money does he stand to make? >> no non-us entity, mr. branson , no non-us entity can own more than 25% of a u.s. airline. owns 25%.bal he is the majority shareholder there. you will find this fascinating. it is called virgin america investors. cyrus holdings. that is a no-name. the former chairman of american airlines, sam skinner, the former secretary of the department of transportation, dave cush. >> i've interviewed david kushner number of times -- david cush a number of times. virgin ameri

i am betty liu. it is 26 minutes past the hour. bloomberg television is on the markets.t check on future stripper for the open. you have futures slightly higher. see earnings come out. today, it has really been a day of mergers. family and dollar tree merging four $9 billion. ago, this a half hour merger mania continues in the u.s.. we are on the markets again in 30 minutes. let's count down to the open with the top 10. is the only stories you need to know today. julie hyman joins in. shares are falling in the free market. the sector performs and outperforms on valuation and expressed concern the company's operating margins in 2015, the stock is fairly valued at $26. >> number nine, the stock was raised to outperform or market perform center bernstein. $30 a share. the stock sold off last weekend after the company reported strong second-quarter earnings but offered weak guidance for the current quarter. >> number eight, tyson foods, selling its poultry business in mesko and brazil for $75 million it in cash. they also reported third-quarter earnings that missed analyst e

presidentnt -- espn john skipper talked to betty liu. >> it is not look like desktop -- a soccer guy.the south. >> what does a soccer guy look like? a good point, he is super tall, southern, he is a basketball guy. >a soccer guy? >> he is a guy for whatever sport will make you money. john skipper is a happy man. the person whoim has done more for soccer in this country then david beckham or the mls or anybody else. down a couple of days ago and talked about the extreme success of the world cup games and what changed this time around why everybody has soccer fever this year. he said there are many lessons they took from 2010 when they had broadcast the world cup games in south africa. this is what he said about the lessons he learned. >> we always think it's going to be like this but of course it's a spectacular feeling when it is like this. when it all works and people are paying attention and watching, digital is important and has been for a long time and this is a big payoff for espn and our digital platforms. >> you put a lot of preparation into this. much more than you have in the

good morning, i am betty liu. corporate headlines, general electric reporting psychic order earnings that matched estimates. -- reporting second-quarter earnings that matched estimates. the plan to take it finance unit of north america public at the end of this month. google posted second-quarter sales that beat wall street estimates. more.icks rose 33% fedex rejecting government charges of illegal drug trafficking. includeses is -- it pain pills another illegal drugs. fedex has a camera responsible for the minds of packages and delivers every day. equity futures are rebounding just slightly. investors carefully watching what is going on both in ukraine and in the gaza strip as a of the discounts geopolitical risks. at the same time, watching earnings which is why you're seeing some stability here in equity futures. we are on the markets again in 30 minutes. i want to get more perspective on the situation in ukraine where the country and russia are blaming each other for the downing of the malaysia airlines jet th

i am alix steel, in for betty liu. we have a fantastic show for you today. mexican grill and general motors will join us. we will have the latest on ukraine and the global backlash against russia with ian bremmer, founder of eurasia group. aircraftto malaysian could bring new sanctions against russia. rebels backed by russia are suspected of doubting the airliner over ukraine. earnings are in from the airliners, really led by american, who is paying its first shareholder dividend in 34 years in credit gained from the merger with us airways. jet blue matched estimates. detroit's carmakers are going in opposite directions -- ford posted

. -- betty liu. tod hands will be headed nyu.terview since his retirement announcement. a big deal for those that followed his career for decades on wall street. equity futures indicate stocks will rebound at the open after a two-day selloff. we will get a minutes from the fed policy meeting. citigroup and closing the investigation into mortgage bond sales. to $7ay have to pay up billion in fines. prosecutors said the bank misled investors. president obama heads to .ongress -- texas the number of unaccompanied bordern caught at the has

coming up on dodd frank, bart chilton in the loop with betty liu.surveillance," and i'm tom keene. morning movers. >> i'm going to get us started. here is a name you almost never hear us talk about. it's not apple or facebook or microsoft or ge. uma biotech is a small company, 49 employees, based in los angeles. the shares are up 250%. up to $206. this is after positive trial results of a breast cancer treatment. yesterday, it closed at $59 and is now trading at $206. biotechnologies are lottery ticket, essentially. what yellenes to said about biotech being overvalued. people paid up. showey had a great shares -- airshow in the united kingdom. >> that is right. let's mention are bloomberg's leading edge to let you know what is coming out after the bell. at&t, facebook, and qualcomm, and tomorrow, ford, amazon, and starbucks. >> usually, you get at&t before you get apple. you get a sense of what apple is going to report based on what at&t says. >> here is the german 10 year that you did so well yesterday. the two is the news of fighter jets down in u

this morning betty liu will have that.harles peabody, one of the great america.s analysts in charles peabody on the american banking system. comment on the ability of the portuguese bank to spread out across europe and america. much more. michael mckee will report from jackson hole, wyoming. he is speaking to fed governors and fed presidents. we will look to the world cup, we will go to hans nichols in berlin. not once but twice on the spying scandal. as germany prepares to take on argentina. >> smart move, you cannot hear enough about football. back to the banco espirito santo story, we are telling this like it is a global market story and the selloff we saw yesterday was all triggered by banco espirito santo. is that your take? healthy selloff, correction in markets that have been very complacent in the u.s. ater all, the doubtless just 17,000 -- the dow was just at 17,000. >> we have worked our way to complacency. yes, it was a significant move by all of europe yesterday. within the scale of how -- ittions happen i was

i am betty liu. headlines -- rupert murdoch's 21st century fox confirming it made a bid to buy time warner. they would be willing to pay more than 85 dollars a share. yahoo! shareholders will cash in when alibaba goes public. yahoo! plans to return at least half the cash it cap when the company goes public. the company has a 20 3% stake in alibaba. tesla will be coming out with an electric rival to bmw three. it will cost about $35,000 and have a range of 200,000 miles. the car will be on sale by 2017. almost 26 minutes past the hour, bloomberg is "on the markets." equity futures gaining, s&p futures up .5%. janet yellen continues her second day of testimony on the hill. her semiannual testimony on the economy. you heard her say the economy is improving but there are still a lot of concerns. she is more positive than she is negative on the outlook. century fox confirming they did this for time warner. on the phone is jon erlichman. .a., what more can you tell us about this and whether we might see an