betty liu?ey have to find a skill set, but anything that will take effect in a culture has to be top-down. >> reverend? >> we went to the facebook board meeting, and the only engineer in the room was mark. erskine bowles is not an engineer. ignoreve been able to the best talent in the marketplace. baseball did the same thing. they tend to build these companies downtown and in suburbs and they have turned their back on their markets. when they use all of the best talent -- they are spending more workers from asia. they try to bring and 85,000 more workers from abroad now, but they are cheaper talent, not better talent. -- reverend, do you think, have you proposed the ceos link their pay to diversity ? use thee seen companies incentive, but right now they are looking -- losing a lot of ground. when they say they cannot find the talent, there is simply not true. there are blacks and latinos qualified to be on boards and in c suite and there is no job people of color cannot hold. they are bringing i

betty liu with a special interview with bob benmosche.eparatists advance in southeastern ukraine -- is it in invasion? willremmer think so and we discuss the latest unrest in our agenda is coming up. this is " bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. we will be right back. ♪ >> good morning, everyone. willrow, francisco blanche join us. oil has not moved this august. he will join us tomorrow on "bloomberg surveillance." our guest host this hour is howard ward of gamco. telefonica raises the stakes in its quest for gdt. it has upped its bid for the vivendi unit. they offer counters from arrival. it is one of brazil's fastest-growing broadband/internet providers. scrutiny for time warner cable after yesterday's national internet outage. new york governor andrew cuomo ordered a program of the disruption. the investigation could affect the company's plan to merge with comcast. some 11 million so scrubbers woke up to no internet acce

be onmstrong will bloomberg television, "in the loop with betty liu." look for mr.strong at 8:00 a.m. >> rupert murdoch, 21st century fox withdrawing its offer for time warner. time warner rejected the attempts to reshape the media industry. matt campbell has been following the deal closely. a rare defeat for murdoch. selloff and fox shares -- in fox shares. implicit "for now" in the statement? >> i think he has shown that he is a deal maker, he is someone who has gotten what he wants over time. i don't it we can roll this out forever and ever. is 83 years old. presumably, he will not be at this game and definitely. that this deals is back on the shelf for the moment. that maybe thele fundamentals did not look as good as we thought they did? maybe this idea that we thought this could be $1 billion was not feasible? it sounds again nice thing that is not necessarily rational. >> there was an enormous amount of scrutiny of all of the numbers and the suggestions that fox made about how this new business would be run. there is also a culture clash, as he were discussing

and i am betty liu.using -- getting first-time buyers into hovnanian hasara more. the ceo of the humane society joins us later in their campaign -- on the campaign and the battleground state. president obama has given the go-ahead for air strikes against islamic militants in northern ofq threatening thousands religious minorities stranded on a mountain. open higher.u.s. the dow jones industrial is at the lowest level since april. in hawaii, one disaster averted, but another could be on the way.

betty liu is back tomorrow. next. >> it is 56 past the hour and that means bloomberg television is "on the markets." i am scarlet fu. we will start with overseas markets. thanks up more than half of 1% -- thanks up more than half of 1%. mario draghi giving risky assets in the. the yield on the spanish 10 year at a record low. in currencies, the yen is strengthening against most of its counterparts. against the dollar, the yen has snapped a six state losing streak. abovep 500 is 1.8 points 2000. we are now holding on to the 2000 level. dow industrials adding 43 points to 70,120. joining me to look at the parts of the markets that have not caught up is stocks editor michael reagan. there are segments of the market that have lagged behind, way beyond. >> most of the main industry groups have set new records. financials are sort of the outlier. 40% below -- >> 40% of low? 2007ey peaked in february and we all know what happened after that. rallyials and let the over the last five years but still, it gives you a sense

i'm betty liu. ted heiman is selling -- ed hyman is selling isi.edo,residents around ohio have been instructed not to drink water contaminated by an algae toxin. the state is trucking in water from nearby areas. "guardians of the galaxy" took the top spot in the box office. biggest august opening in history with $94 million in domestic ticket sales. marvel has already announced a sequel for the summer of 2017. let's switch over to some dramatic others out of israel. local police say two people have died in an attack on a bus in jerusalem. we will continue to monitor the developments there. in the meantime, it is 26 minutes past the hour which means bloomberg tv is on the markets. scarlet fu has more. nymex oil futures trading below $100 a barrel, around a at-month low, while brent is $104. this is what the ongoing conflicts in gaza and iraq. how you could be making money off of these moves. we have two guests with us. bob, how would you be trading oil right now? talk about an you trade, this is a short-term situation. the balance that we saw overni

i am betty liu. we have a lot ahead.s had it rough -- cisco announcing more cuts. we will hear from the cisco top lucent.or alcatel an exclusive with the ceo. chicago mayor rahm emanuel tackling the city's problems with data. we will check in. tiffany's is bringing in a new top designer to give the company a makeover and she may toss those boxes, ladies. apple might be preparing to make its biggest tablet yet -- 13 inches. sales have fallen in the last two quarters. a new funding round for snapchat at $2value the start up

talking with betty liu. ♪ >> you are watching "market makers."e ha thele when he took over as head of aig. the government was in his bonusescriticizing the he was giving to keep talent at aig. then there was the other battle he was fighting. he was battling cancer. we just did not know how bad it was until now. he is leaving aig next week. betty liu went to croatia for an exclusive interview and learned a lot more about the timing of his departure. >> that is right. he will be stepping down on september 1. we went to croatia over the weekend. that is where he will be spending part of his retirement. during that time, we talked about everything from the war over the aig bonuses. 160 $5 million paid to the traders in the financial products unit. bob's ill phrased remarks. >> calling people in washington crazy. we also talked about his battles with other companies, say warren buffett for instance. they have hit head-to-head. the moment that struck me the most was really his discussion about cancer. how he battled this illness for much of his time at

i'm betty liu. offer to house up to 1000 migrant children in the windy city. his stand on the political fight over immigration. notah professional golfer begay iii joins us ahead of the pga champions tour, where he will talk about tiger woods. with no tiger, what is the future of golf? bank of has bailed out the spirit of centeno. bondholders will take a big hit. once again be able to get beef burgers and chicken mcnuggets in mcdonald's in china. they pulled the items off the menu after suppliers were found to be using expired meat. t

i am betty liu. obama administration is trying to line up allies for possible military action against the islamic front in syria. among those that might sign on, the u.k., turkey. standard general is in talks with radioshack about raising money and staving off bankruptcy according to people familiar with the matter. radioshack has lost money for nine straight quarters. a flight with american airlines censures of orbits down by the most in three months. they have sold shares in a discussion -- dispute over new contracts. prices from u.s. airways as well. in the meantime, it is 26 minutes past the hour. bloomberg tv is on the markets. we have been making a big fuss over s&p 2000. right now, s&p futures are unchanged. can five-year stock market will run continue -- bull run continue? that has been a big question today and has been for this year. we are on the markets again in 30 minutes. as home pricing gains hit the brakes, rents across the country are climbing and approaching record highs, but there i

i am betty liu. here's what we work -- what we are working on.htly -- equity futures are slightly higher. -- putting its full-year forecast. macy's posting in earning that missed estimates. shares of the maker of the crush saga"andy down. it came digital missed estimates -- came to digital missed estimates. for more on the game makers outlook, we are joined by tom giles. this is a huge headline because everyone has played or knows crushe that plays "candy ." >> we are all getting the invite to play on facebook with high school friends that we have not talked to in 30 years. a one-hity this is wonder, and where do we go from here. >> this is the challenge they face, a low cost of entry, you come up with a big game, huge sensation, and their low cost to make. it is a low-cost cost way to get into the company. the problem is they are boom and bust. they lose their luster quickly. >> >> we saw the same thing with zynga and "farmville." there is a danger of going down that same road. they constantly have to come up with the next digg thing. tonext big

"in the loop" is up next with betty liu. at futures, indicating a higher open out of jobless claims coming up at 8:30 a.m. good morning. ♪ . . >> good morning. it is thursday, august 14, and we are live from bloomberg world headquarters. you are "in the loop," and i am betty liu. a slew of retail earnings, walmart this morning not looking good for the consumer. staples,he founder of tom stemberg. we will bring it to atlantic city where a rebel casino just announced it is closing down, so what is next for ac? we will hear from the mayor of atlantic city, and also tom borgota hotel.vado o companies excepting bitcoin, we will seek with the coo in just a few moments. dish now, you can pay your dish bill with bitcoin. here's a look at our top headlines. here is walmart dropping in the premarket, the world's largest retailer cutting its forecast for 2015. the cny

good morning, i am betty liu.uge russian convoy of trucks isrying humanitarian aid headed to the eastern ukraine but the convoy into the country because it is not certified by the red cross. there are worries that they would use the trucks to send troops into the territory. german investor confidence fell to the lowest level since 2012. a standoff between russia and the eu is leading to a disruption of trade. italy's economy put back into economyn, and germany's likely contracted for the first time since 2012 in the second quarter. barney's has agreed to pay to racial profiling allegations. in addition to the fine, hire an will also anti-profiling consultant and bring that person on board. it is 26 minutes past the hour. bloomberg tv is on the markets. we are about one hour away from the opening bell on this tuesday morning. equity futures are rebounding. there were actually in decline a little bit earlier this morning, so they are reversing this two-day rally we have seen in markets. we are obviously looking at v

i'm betty liu. the largest retailer in the u.k.xpectedly slashed its dividend and cut investment. tesco shares fell to their lowest level in 11 years. the fourth largest wireless carrier in the u.s. may be on the auction block. deutsche telekom willing to sell t mobile if can can get at leasted pads a share. earlier this month, t mobile rejected $33 a share from france's iliad. and russia stepping up that crackdown on mcdonald's. a russian consumer watch dog has ordered that 12 of the restaurants be closed temporarily and another 100 are being investigated for sanitary issues. there's speculation the closings are in retaliation for western sanctions against russia. in the meantime, it's 26 minutes past the hour, which means bloomberg television is on the markets. equity futures are slightly higher. we are, of course, still struggling to stay above the 2,000 level on the s&p, and where we go next, we're going to get some economic numbers in a few moments. personal spending numbers very important as a measure of the economy. they'll

i am betty liu. the s&p coming up a two-week high.o says more negotiations are needed with u.s. regulators to close a few deals. itswalmart cutting four-year forecast and reporting that sales forecast have stalled . the world largest retailer claiming slow traffic. more trouble in the retail industry, guys. after the bell yesterday, trouble for cisco. the networks equipment maker, cisco systems, conceded it was still struggling to restructure. people,lay off 6000 meeting total layoffs since 2009 25,000 people. product offerings have not worked. last quarter, sales of cisco fell for the first time in five years. with me to look at what is going wrong is bloomberg contributor ie paul kedrosky. erik schatzker of "market makers will be joining me. he will be speaking with cisco's ceo john chambers. the company has been in turnaround mode for 2, 3 years already. >> more than two or three years. it has cut more than 25,000 jobs in 2009. it cap hiring and buying other companies as well, betty, so you need to point out that this goes head cou

i am betty liu. what is going on in the c suite hosteg rayburn is my guest this hour.. activist and president of the rainbow push coalition, jesse jackson will be "in the loop." bes he think ceos should paid on how diverse they make their workforce? our coverage of the u.s.-africa summit continues throughout the day including highlights of an interview with penny pritzker and mike bloomberg. in washington, president obama is ready to announce $14 billion in commitments from u.s. businesses to africa, part of the shift from usaid to u.s. investment. the commitment comes as president obama hosts a summit of several dozen african leaders. more

i am betty liu.sed the brian cornelling on his first day on the job with a powerhouse roundtable. -- matthew rubel mek.also, joseph gro also, some great conversations -- could you be headed to walmart or your next actors appointment? model, whyks on its does mcdonald's need to franchise? why not take it all in house and keep the profits? the political crisis in iraq has gotten worse. the prime minister is refusing to give way to his successor, demanding that he be allowed to survey third term. apple's

betty liu is really prepared for this interview. what angle do you take?ootball expert, right, but by all accounts, from what i'm reading, it's going to be possibly an ugly season for the giants and eli manning. the last preseason game before kickoff for the nfl season was last night. to get ng desperately this new system in place in time for -- essentially for the season, and to see whether or not he can make a run of it his time around. >> they struggle against a bunch of backup players in the patriots, so it was not a good game. look, i'm not going to be too hard on the guy. i don't want to kick him when he's down, all right? so he's going to be on this morning. but look, the nfl, football in general, is having some image problems. we're not just talking about eli manning. we're talking about the discussions. roger goodell yesterday came out yesterday and apologized for being too lenient on ray rice and domestic abuse in the game of football. he said he's going to change the rules, and if you're found to have committed this crime, you're going to be sus

i am betty liu. it is 26 minutes past the hour. bloomberg tv is on the markets.quity futures right in the final moments before the opening bell. thank goodness it is friday, dies. ok, equity futures -- friday, guys. ok, equity futures are higher. inflation is still pretty tame. that does not cause for -- call for that action on interest rates anytime soon. equity futures are up .25%. we are on the markets again in 30 minutes. open witht on to the the top 10 -- the only stories you need to know about today julie hyman and scarlet fu join me. shares areverizon -- higher after berkshire hathaway said they increased their investment at 36% in the second quarter. managers at billionaire warren reallocatedmpany, on pay-tv --bets companies. >> a lot of interesting stuff to sniff through. sciences.nine, gilead they get a boost after a drug won the backing of the u.k. health regulator, paving the way for treatment to be reimbursed by british taxpayers. it is no small amount. at almost $700 a pill, a standard 12-week course of soval di will cost almost $50,000. >> seaworld

betty liu asked the president of cinnabon how the ruling could affect her ranch eyes business.hise business. >> if they are being essentially called the de facto employees, why would a franchise continue to franchise? if they have to go to the liability and the expense and the more detailed hands-on management of ensuring the employees are under their purview, why bring a business owner into the mix? >> they are both owned by the capital group. this -- do you agree with this? >> it is absolutely right. it is absurd to think a franchise model that has around for years, that has been so successful and provides an opportunity for young and wouldtic entrepreneurs shut that down because there are no franchisers that would take the responsibility for a labor perspective. we are for use with -- fears on protecting our standards. but we've even up to the entrepreneur to run the people -- we believeness that up to the entrepreneur to run the people part of the business. right now we are growing less, we have 550 stores in east of the mississippi. we are growing west. we are looking for

i am matt miller, in for betty liu. board, and the nasdaq composite index is up 14-year high. bursting of the -- highest since march of 2000, the bursting of the tech bubble. maxx's earnings beat estimates as well and it is raising the forecast for the entire year. is that a good or bad sign for the economy? thebilliton is planning biggest spin in mining history, spinning off its silver, cole, and aluminum assets. from cupcakes back to clothing racks, julian geiger is returning to the company that helped -- returning to a clothing company that helps struggling teen retailer. he was the top exec at a company that shut its doors last month and is back at the helm of his previous employer. sterns joins us on the management changes and whether it could lead to a pickup in sales. crumbs was the cockpit ac -- was the cupcake maker. resigned but previously he ran area postell for more than a decade. through the period when you and your brothers were actually shopping there and it was doing well. when he left in 2010 that is wh

i am betty liu.ident obama has authorized limited airstrikes against sunni muslim militants in iraq to protect u.s. personnel and minorities stranded on a mountain. it three-day truce between israel and gaza is over. rockets were fired from gaza into southern israel is morning hours before the 72-our cease-fire expired. israel retaliated. palestinian militants have said they will not end the fighting unless israel agrees to end the gaza blockade. malaysia airlines is going private -- a state investment firm is buying 31% of the airline that it does not already $449 million. the firm plans a complete overhaul of the airline that was hit i two major disasters this year --i two major disasters this year. it is 26 minutes past the hour. bloomberg tv is on the markets. backy futures have climbed from earlier losses this morning. investors rattled by jill at political -- by geopolitical concerns around the world, everywhere from concerns in iraq, what is going on in russia, and concerns about growth in rus

he will be with betty liu, in the loop. what a lineup. we speak with tom perez.his friday, this is "bloomberg surveillance." i am tom keene. scarlet, we go south. -- we global contracts have a global selloff. where to start and what is driving it. the timing of a fed interest rate increase. ongoing debt crisis. we will focus on what is next for the latin american nation. josh rosner has written extensively. he is here to provide us guidance. you say there is no global contagion from argentina, but it is part of what investors faced. why does the default, whether s&p says it defaulted or argentina claims it did not, why does it matter for investors? >> we are going to see if there was a failure to pay and whether there is a represent over a notion of debt that has been is then or argentina most expensive dead to ensure. that would be problematic for the country. for some degree to its trade partners. i don't think it will have a global impact. it is occurring in a faltering economy in a faltering region. it is just adding fuel to the fire of concern. >> you less c

i am betty liu.the company is betting big eared all this can be used for a new record price of over $200,000 per share of berkshire hathaway. yes. harvard university professor martin feldstein warns on possible excesses in financial markets and why that is angering several economists. the former reagan economic advisor joins us at 9:00 a.m. bacon and states of refer? which do you it might be an indicator of your politics. prime minister nouri al-maliki has agreed to step down. he will be replaced i haider al-abadi, who has been backed by the united states and iran. soa-cola is swapping

i am betty liu. the business of college sports keeps on growing. a new while -- network exclusively for the southeastern conference. tim tebow is lined up as an analyst. two bigound as we have stories in the second hour with the buzz feed valuation of $1 billion. could we be looking at another bubble? former m.i.t., a professor and his son are pleading guilty. it is why we are showing bernie made off. joining the u.s. in backing a replacement for the iraqi prime minister who is refusing to step down and acknowledge

betty liu.arket makers," risky business. 20 of opportunity for businesses in africa and lots of risk that comes with it. a -- plenty of opportunity for businesses. ♪ >> african heads of state are headed to washington this week. they will be meeting this is leaders to talk about trade and investment on the continent. here is a question though. how good of an investment will that be? and what will the african economy look like 50 years from now? ons nichols eggs a look at the nicholsnities -- hans takes a look at the opportunities and risks. >> populations are swelling. 1.6 workforce could reach billion by 2060, triple what it is today. in that time the economy could dramatically to $15 trillion. that is an increase of per to 56 hundred dollars. impressive growth, but it is just a third of today's income and south korea. those trend lines continue with foreign direct investment. african leaders will have to guarantee stability. the numbers and the odds are daunting. most of the world's fragile sta

i am matt miller in for betty liu. reverting is becoming the latest company looking to shift its headquarters overseas for a lower tax deal. the u.s. open kicks off today. u.s. fansers can rally around? the ceo of women's tennis association is joining me straight ahead. do not miss that. here is a look at our top headlines this morning. a job maker is doing its biggest deal in five years. it is paying more than $8 billion for a treatment for a lung disease that is waiting approval. and, cleaning up after the strongest earthquake in 25 years. it damaged buildings. of people were injured, thousands of bottles of wine were broken. insurers aill cost quarter billion dollars. the latest company shopping for a better place to run its business than the united states of america is burger king. the company is in talks to buy canada's donut chain, tim hortons. back to our top stories, roche has agreed to buy a u.s. biotech firm and wit will get $8 billion itcash -- it will get billion dollars in cash. a record year for m&a. -- o

betty liu interviewed the ceo tim armstrong. >> one of the things we concentrated on is making sure ouresults are future looking and we set the table for years ago. companies will do well whether they are independent or consolidated. the companies that are good at digital and high quality content and good programmatic advertising and very good building global media brands and that is what i think will be the fuel whether it is independent or consolidated for people to move forward. >> programmatic advertising is big for you guys. >> our ad pricing overall is up which means we are doing a great business managing that. we've gone from single digits to 35% of our revenue in one year. that tells you how powerful the marketplace is in terms of the automation of advertising and using digital to automate how you touch consumers with advertising. and our growth or our programmatic advertising grew 100% year-over-year. >> a lot of the advertising on your websites, while you have a lot of viewers, millions of viewers every month on those websites, they are now being -- that content is replicated

and in an exclusive interview with betty liu, and executive says why he is retiring so suddenly.s diagnosed with grant -- cancer in 2010 and has only nine months to a year to live. back to you. >> thank you very much. wearable devices designed to monitor your vital health statistics such as your heart rate are a popular trend. apple soon introduces a device to track her well-being. vital connect has introduced a special type of biosensor designed for those with heart conditions. joining me is the chief executive, sakellariadis -- nersi nazari. describe exactly what it is that vital connect is trying to do. >> vital connect is in the business of making these very small biosensors that way about -- weigh about one third of an ounce, but has a capability of looking after your heart and even show you with accuracy of and ekg. i'm showing you this on my heart myself. >> he will they calm her as your interview goes full sub your heart rate will go down. >> exactly. >> there is a variety of wearable devices, anything from fit it to others. what makes this different? >> this is totally d

. >> we have betty liu. betty, what can we expect? >> that is like "orange is the new black."er by last names. are you watching? >> i am. >> you look just like taylor schilling. back to some serious news -- mike turner is a senior member of the armed services committee. he will be joining us. richard haas is joining us well. i want to focus on congressional support, how much the president has for the airstrike. believe thathey there will be no ground troops committed to this campaign. we will talk with congressman turner in just a few moments. >> looking forward to it. thank you so much. i do not know what you were doing this weekend -- were you in the hamptons? well, next time you go, take an uber. they going to where the money is. that means the beach towns, 100 miles from the city. one driver says he can make $1000 in the hamptons and half the time in new york city. there are a market that cooper refers to as a pop-up. they operate their only in high periods. the average trip is a must to three times the distance. >> brandon, go to your cell phone. the price is four times.

i am trish regan, and for betty liu.ur top headlines -- traders betting argentina will have to do value the peso for the second time this year. the peso fell more than 1% against the dollar this week. how argentinaith will pay bond investors. a new ceo at home depot. the current ceo in november. profits increase for five straight years. a fight between al gore and al nasty. is getting the former vice president demanding al jazeera turn over $65 million it still owes from buying al gore's current tv channel. accusing al jazeera of making up reasons not to pay him. he says the channel needs to settle with the cable operator. bloomberg is "on the markets." a mixed futures. market. jacksony ahead in hole. janet yellen speaking and mario draghi. seeing if we can get clues as to what the fed and ecb may be doing as we move forward. "on the markets" again in 30 minutes. a manhunt underway for the islamic extremist who murdered an american journalist james foley. among clues, the video showing the killing. chief washington corre

i am matt miller in for betty liu.he latest company looking to shift its headquarters overseas for a lower tax deal. the u.s. open kicks off today. u.s. fansers can rally around? the ceo of women's tennis association is joining me straight ahead. do not miss that. here is a look at our top headlines this morning. a job maker is doing its biggest deal in five years. it is paying more than $8 billion for a treatment for a lung disease that is waiting approval. and, cleaning up after the strongest earthquake in 25 years. it damaged buildings. of people were injured, thousands of bottles of wine were broken. insurers aill cost

i am betty liu. priceline second quarter earnings topped estimates. revenue climbed 26%.rter earning estimate also fell short. a warning for anybody who uses colgate total. the top telling -- the top-selling toothpaste has a chemical that is linked to cancer in animals. blackstone is looking to expand its investment in shale. the private equity firm is in advanced talks to buy a 50% shale-gas louisiana field. they would pay for the half interest in the formation. that is what you need to know. the hour,inutes past which means bloomberg television is on the markets. it is time for futures and focus. gold teachers are all in. -- gold futures are falling. scott bauer, senior market strategist at trading --. what is going on with gold? there has been so much geopolitical risk and it has not moved much. among all this cause for concern? >> it has been in such a tight range. you have geopolitical tensions which move it up. what we have learned this china, a huge buyer of gold last year, as soon as go got above 1300, they started stepping away. india is coming back. china has st

i'm trish regan in for betty liu this morning.ervice, ups, the latest company to have its computers hacked. thousands of customers may have had personal data exposed this year. 51 locations, more than 100,000 transactions were affected. hewlett-packard has posted its first sales increase in 20 quarters. 12 quarters. in moscow, a safety regulator ordered mcdonald's to shut down for restaurants. the reason? violations of sanitation rules. there is speculation that it may be retaliation for western sanctions on russia. icahnnaire investor carl is announcing his latest acquisition target, hurts. -- hertz. he plans to have meetings with company management on how to improve performance. hertz admitted that it no longer stood behind recent earnings reports and forecasts for the year. by more on this, i'm joined the associate professor at harvard business school. what can carl get done here? >> the most important thing that he gets done is to make sure that the board does not drop its focus on the problems. hertz has a bunch of things goi

i'm betty liu. are slightlys higher at this moment. about five minutes we will get jobless claims for this thursday. we will see where the job market is headed. equity futures up by half a percent. we are on the markets again in 30 minutes. president obama reiterated his call to congress yesterday saying that it should to work -- it should work to stop u.s. corporations from transferring their headquarters to foreign takeover targets so they can lower their taxes. he calls it unpatriotic. the debate over the tax inversions, which has been raging from the c suite to wall street and now from washington. i spoke to a number of ceos, some who exclusively offer their perspective on this kind of deal making. >> it is not something i spend any time thinking about, to be honest with you. >> it has not been on our radar, because if you have, as we do, domestic source income, it is a nonissue. competence of tax reform. it does not make a lot of sense that you pay a high tax rate on foreign earnings and the same high tax rate when they come back

i am betty liu. here is a look at our top headlines this morning. apple is the latest u.s.company to be excluded from chinese government purchases. 10 apple products, including the ipad and the laptop, were left off a final procurement list. concerned about security according to officials familiar with the matter. wall street company taking over the biggest department street chain. boosts not already owned. the new company to be named the , and notet alliance pursue the tax inversion strategy. an aversion to crisler may be at risk. a significant number of shareholders oppose the merger and exercised their exit right. exceed 600 $70 million, it made make the deal ineffective. the hour,inutes past which means bloomberg television is on the markets. we are about an hour away from opening bell. futures again in decline. number ofke any considerations to worry about and sell stocks, whether it is earnings with the job market in the u.s. and perhaps what is going on in the -- overseas and ukraine and elsewhere. we're are on the markets again in 30 minutes. we just mentioned this.

betty liu talked to an author who is representing this off as united group of 900 riders who want tout pressure on amazon for holding authors hostage. this is what she said. >> everybody who makes a product should have the right to price that product where they can make a profit. is simple ifing it you go by those terms. >> douglas preston is responsible for leading the charge in the new york times. he said that his pre-sales across the board for a hard copy were a quarter of all sales. he is a well-known author. if you get routed off that list. that accordings to its research if you cut the $9.99,f an e-book to there is a 75% boost in sales. they are not showing the data behind that. she claims that if you are shopping for a book, you're not shopping on price. if i am looking for a piece of the store go fiction and something pops up that says moby i amis priced at $9.99, not going to make that purchase. maybe you would. that was her argument. a bookshop is not a price shop. >> we will have a lot more on this. one thing for bezos to go head-to-head with the world's largest entertainm

i am trish regan, in today for betty liu. here is a look at what we are working on right now.t indicating that stocks will be little changed at the opening. the s&p 500 is just 3/10 of one percent away from its record high. argentina wants to sidestep the u.s. court ruling that blocked on payments. the country wants to lead buber -- bondholders governed by -- target forecast slumping sales. lowe's cut its sales forecast for full-year. ♪ moving and shaking at this hour, the former microsoft ceo steve homer is now ending 34 years of direct involvement with microsoft. he has resigned from the microsoft force. that happened just yesterday afternoon. lastly, he formally took over the los angeles clippers. he told me in a phone call yesterday just as soon as the news process, he would be leaving. he said he wants to be a great shareholder and he wants to pay appropriate attention to the shares. between teaching classes and new responsibilities with the clippers and my civic duties, it is a lot. he went on to say, i love microsoft. microsoft's largest individual shareholder. it bring

you are "in the loop," and i am betty liu.t his acquisition of the research powerhouse isi. ralph schlosstein, ceo of evercore partners. week'sject of this "bloomberg businessweek" rubber story.- cover bank of america close to paying a record amount to end an investigation into mortgage bank bonds sales. keepingpean social bank interest rates at record lows. there is concern of the crisis -- vladimirerailing putin has retaliated for the u.s. and european union sanctions. russia is banning a wide range of american and european food imports. t

i'm trish regan in for betty liu.to reach a record settlement with the u.s. over the sale of mortgage bonds ahead of the crash. we will bring you all the details as it comes out. the comcast-time warner deal could be in jeopardy. u.s. airstrikes in iraq continue. we will hear from richard haass to get his take on president obama's next step after the execution of journalist james foley. we will also be talking about jackson hole. here is a look at our top headlines. ready tomerica is agree to a record $17 billion settlement over the sale of mortgage bonds. the deal may be announced today.