live in beverly hills california this is bloomberg.

we will head back to beverly hills in california.e's managing director and cohead joining us next. this is bloomberg. ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> coming up, patrick doyle joins bloomberg tv at 1:30 p.m. new york time. this is bloomberg. keeping you up to date with news from around the world. underlying inflation of the euro area slowed for the first time in 10 months after stripping out volatile items like food and fuel consumer prices rose 5.6%, that backs the case for the european central bank to slow its most aggressive interest rate hiking campaign ever later this week. there's no sign russia has delivered on its threat to cut oil output. russian oil exports jumped to about 4 million barrels per day last week according to data piled -- compiled by bloomberg. two warr

it is the vibe in beverly hills.worst of this banking crisis or is there more still to come? sonali: we have no now we may not be out of the woods here. we even have some executives saying there might be a second leg to this banking crisis. there is a lot of words about credit quality, and we have two guests here to talk about credit and equity and what it means for asset management. i'm standing by with bennett goodman, the executive chairman of hunter point capital. and abbey college stein, hunter point ceo. bennett, you have been a giant in the world of credit for a long time. now founding a new firm, but when you look at what is happening with the pain here in the regional banking system, what does it say about the worries the market has about the loan market, the credit markets? avi: thank you for having us. it is a pleasure to be back here with bloomberg. we are not through the regional banking crisis yet. on the other hand i think the fbi see is all over it. they came out yesterday with, i thought, very instru

. >> i am from beverly hills. >> fancy. >> she is from beverly hills. >> kelly: that's fancy. >> i was from highland park. >> kelly: both fancy. we'll talk more about our favorite books later. it's mother's day this sunday. so, we want to celebrate mamas. mary, do your kids celebrate with you? do you do anything special? >> they do, i am a grandmother now so part of what i'm celebrating is my daughter, lily who is an amazing mother herself. and yeah, it's like the whole -- any excuse for our whole gang to pile in, dogs, kids, babies, everybody. it's wonderful. >> kelly: that is wonderful especially as a grandma now. >> yeah, i love being a grandmother. it's so boring to say, it is the great he thing in the world. >> i do, too. >> we text each other grandmother photos all the time. >> kelly: it must be so -- i have a six and eight year old, i can't imagine. to have your kids be mothers. do you know what i'm saying that is interesting, wait you are you're a mom, too. that's weird, i can't look at my 8 year old, i hope you do well. i hope i did well enough. what about you all, what do you

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we appreciate you taking time to stop by our stage at the beverly hilton in beverly hills.hat is the ceo of bny mellon, robin vince. shery: great conversation with romaine bostick. let's get to vonnie quinn with the headlines. vonnie: president biden has called top congressional leaders inviting them between may 9 meeting to discuss the standoff. the invitation came hours after janet warned the u.s. risks running out of cash as early as june. the treasury has been using special accounting maneuvers to stave off multiple defaults. sources say the white house is considering promoting philip jefferson to vice chair in addition to naming a latino to an open board slot. the move is under consideration after pressure from senator robert menendez. kevin mccarthy says he supports sending aid to ukraine. in an exchange with a russian reporter in israel, he also told moscow to end its military operations. he previously called for scrutiny over how much aid washington provides kyiv. >> i support aid for ukraine. i do not support what your country has done to ukraine. i do not support

the question is who is the last man, or lady, standing who would bid for beverly hills bank? good afternoon. >> there is a lot still up in the air about what is actually going on. pacwest was reportedly saying earlier that it was exploring a range of options. possibly a wholesale sale of the bank, possibly halving off particular parts of the business to raise capital. it needs capital because its equity price keeps on dropping. that lowers the value of its equity. it needs to balance its books, it is a bank, and it can't do that if equity keeps draining away. and the rest of his assets and liabilities are shifting. given that, there is a lot we need to know about what will happen. whether it can turn pacwest's situation around. we have a lot of bond and other investors saying they have been thinking svb was something of a storm in a teacup. it looked like it had been resolved. now we have a revival of concerns because first republic got solved, now pacwest needs to get solved. how many other u.s. regional banks need to get solved? what is going to be the impact on credit cond

cramer at the new york stock exchange david faber at the milken institute global conference in beverly hillsfutures pretty steady here as we kick off may with a big week ahead. jpmorgan buying most of first republic we'll get 20% of the s&p reporting earnings, including apple, fed decision, j.o.l.t.s. and a jobs number. our road map begins with the first republic failure, jpm taking over after being seized by regulators. the third u.s. bank collapse since march. >>> stocks are coming off a month of gains >>> and signs of a slowing adoption of evs. gm gets an upgrade about that over at morgan stanley >>> let's begin with the collapse of first republic the fdic announced that the jpmorgan chase has agreed to assume all the bank's deposits and substantially all of its assets just last week, first republic disclosed that in march, customers pulled more than a hundred billion in deposits following the failures of both svb and signature. but on a conference call in the past hour, jamie dimon says the american banking system is extraordinarily sound, and they took pains, jim, to paint this in a muc

lovely home in beverly hills.l job creator, wealth creator, wonderful family, they just moved to dallas. they would keep the place in beverly hills for a while. they moved to dallas. with them jobs, future economic growth of the state of texas. stuart: that is interesting story. next one for you, karl, former president trump claims he is under total assault because he is leading the 2024 gop polls. he also took another swipe at florida governor desantis. he says desantis is failing badly. his political career is over. karl, conventional wisdom has it trump walks away with the primaries. what do you see happening? >> first of all isn't it interesting, walking away with the primary why are you taking a shot at the guy who is behind you? why aren't you focused on the general election? why are you wasting your time on somebody you're already saying is a loser? i think because donald trump on some level understands he is in a horse race. remember 2004 who was leading at this point in the nomination of the democratic pa

it's a huge topic at the milk and global summit in beverly hills.ncing his sound ventures raised $240 million to invest in a.i. he and his partner at sound ventures, epstein, join julia borstein hi, julia. >> thanks so much, tyler i'm so excited to be joined by the general partners at sound ventures you made this announcement, $240 million focused on a.i., and you announced three key investments including open a.i. from chat gpt, as well as stability and other big players in the space what is your thesis and plan for this fund? >> you want to answer? >> absolutely, of course so for this fund, it is really focused on the foundational model within a.i we believe that we're really only having a handful of players that ultimately emerge so few companies have the technical talent and access to data and compute sounds is in a unique space because we can invest in competitors. that is rare within venture. we're essentially taking an ecosystem bet with our investments in open,anthropic, a model will emerge and we want to be in all the players that are likel

pac west is on the edge, based in beverly hills, they're not based in ohio or michigan but beverly hillsbut the depositors in iowa and michigan will have to pay for the mess through -- neil: only reason i say that, regard le they're based the issue becomes whether small and regional banks have a future. many look at this, say have tens of thousands of them across the country. do we need that many? i don't know where you stand on this, people had no problem with the regional, smaller bank, this are no issues there, there are no issues right now, they're thinking the better part of valor to jump into a big bank, at least there they can sleep at night, saying they don't feel the same way at their bank. that can have a number of implications. >> no question. look, there are nearly four thousand commercial banks in the united states. there will be far fewer when this is over. for the consumer, you do have less choice, right? the big banks will not be as aggressive on mortgage rates, think will not be as aggressive on deposit rates. at the end of the day, there will be less banks, less choice,

let's turn on the gas and load her up whoo beverly hills chihuahua. first up, buffalo wings.uffalo wings. the only thing representing buffalo at the super bowl since 1994 [ laughter ] [ audience oohs hey, buffalo wings, thanks for making my coffee table look like an elephant graveyard by halftime the only bigger pile of bones you'll see during a football game is jerry jones. side burn, jerry jones >> announcer: side burn. >> seth: buffalo wings i can't think of a better snack to put out for guest who have been drinking since 8:00 a.m than the world's messiest food i hope you don't have white furniture. also, i hope you don't have white furniture in general it's tacky you're not scarface. >> announcer: say hello to my little stain >> seth: and hey, buffalo wings, appreciate the side of stringy, tasteless celery, but i can just drink the ranch dressing straight [ laughter ] buffalo wings, you must be the roof of my mouth, 'cause ya burnt! nepo babies, the medium-talent children of celebrities who are crossing the border between beverly hills and west hollywood to steal all our

and i was staying in -- at the four seasons in beverly hills, in a tiny little room.ome questions that she thought would be good to ask mick jagger. >> jimmy: "what is the internet?" [ laughter ] >> i know, what is the internet [ laughter ] what is a fax machine? >> jimmy: what is a fax machine? >> the concierge of the hotel took them and put them under mick jagger's door instead of my door. [ audience ohs ] and the questions were bad and i was awakened the morning of the interview with a panicky phone call from the booker in new york saying, "you've got to go straight away up to mick jagger's presidential suite and make this right. and tell him that -- this, you know, this was some rogue producer in new york who didn't know what she was doing, and -- >> jimmy: because you're not even allowed to give questions -- >> no, i -- we never give questions out, but i never -- i don't even write down questions when i do interviews i mean, i would never have asked those questions that were being faxed. they were not good questions >> jimmy: ooh. >> so, they said, "you've got to

elite area in the same california beverly hills shopping in black black drags everything indiscriminatelyutiques, they say if the rebellion is powerful, then they will definitely hear. and what do they want ? where will this money come from in this - many states have such a budget deficit of a large country as a whole, and the bidens are also split, who promised that he was in this trump seeds, that it was trump who split the country, and he promised to explain it as a result, we are still getting more and more expenses here is a picture of the detention of a black man who tried to to take out a bunch of things from the store can be seen rather from the suburbs, where justice still works, where conservative views prevail among americans. and what about the rich residents of these cities in megacities? who is the first robbery? yes, as a rule, they vote for the republics? if they leave these cities, then the statistics are even better for local democrats. let it mean that cities with a large population with a large number of electoral votes will remain in their hands, and the rich will mov

well, not only small elite areas in the same california beverly hills shopping in black drags black fromnately. they say if the rebellion is powerful, then they will definitely be heard. and what do they want? now there are more and more demands for reparations in this. the leader of such a state of california they said there, it’s almost incomprehensible to millions where the money will come from. all at in many states, the budget is such a deficit, a big country as a whole, and the bidens are also split , who promised that it was all trump’s fault, that it was trump who split the country, and he promised to explain it as a result, we are getting more and more expenses. such a picture of the detention of a black man who was trying to take out an armful of things from a store can be seen more likely in the suburbs, where justice still works, where conservative views prevail among americans. what about in metropolitan areas? wealthy residents of these cities before the first ships, yes, as long as the rules they vote for the republicans, if they leave these cities, then the statistics are

doctor is a surgeon in beverly hills, used to doing nips and tucks him patients looking for the perfect. >> they start to lose a lot of weight rapidly, that can often show quickly in the face. so it is not something new, but a lot of people are associated not with ozempic. >> but these days he's getting new requests from his patients who are on mounjaro and ozempic asking him to fix what some call ozempic face. >> i can inject fat into the upper cheek area. the under eyes, the lips, but i can't inject fillers or fat sometimes into the lower cheek area. sometimes they are going to need a face-lift where i can go in, lift the face, excise extra skin and then inject fat in the deeper layers, called the lift and fill face-lift. >> he's also seeing patients with so-called ozempic body buried >> it is a real phenomenon. patients are losing weight very quickly in their losing volume in their breasts, abdomen. what that leads to his loose skin and that's a hard thing to fix unless we surgically excise that loose skin, whether that's through a tummy tuck, whether that's through lift with an impl

number 2 on that list is beverly hills 9, 0, 2, 1, 0, with a median price of just over 5 mill and the 3rd. that's los altos hill that's in the south bay average home price. more than 4 million dollars. after a desperate attempt to try and find a buyer. vice media is declared bankruptcy. vice was one of the high-value media companies in the industry not too long ago. the company was valued at 5.7 billion about 6 years ago and was widely seen as one of the top media startups better to buy the assets to bankruptcy. just pay 225 million dollars for the company. vice media started as a magazine in canada in the mid 90's before the founders move that operation to new york city. the grove and power of artificial intelligence is alarmed many in congress and now a top ceo in the industry will testify to a senate panel next week. open ai sam altman will estify to a senate judiciary subcommittee. altman was part of a white house meeting on ai last week that discussed how to ensure regulatory safeguards. he's also been attended in on monday night with members of the house. still ahead on the kron

mold a low, but it would have been changed and they came to look, and then all they got it really beverly hills. ah. he said he did show the money and he was the people, the 40 to gaze, chris of softball with the idea that ngos, intelligence organizations could assist in media and communications stroke. i know, i think i know that that is not quantity gentle. a a diligence agency login. i did it and then we'll try to publish a demo with them. but you, but unless, if, when i say the subject, you can put it on line can be defined a, shifty, grabbed mtv, a send a bus on sunday. yeah, that was the grand and that's, you know, she didn't dial it down to spots. you're alive. it's yona orchard in colleague over the course of western n g o that are involved in democracy building and former soviet states. now across the offices of central asia in the broader middle east, we see the same desire for liberating learning in the hearts of young people. they are demanding their freedom and they will have it with things with ah, the protest movements in all of these countries was triggered by covert intelligenc

that name this matchup l a versus the bay beverly hills versus oakland hills.versus wine country. i mean, i know all day with this, but it's going to be a historic playoff match. the first time these two teams go head to head in a playoff series. since 1991. and if i've done my research correctly, which i think i have, this would be the first time that stephan the bronze see each other in a playoff series since 2018 those finals. of course when the warriors took that title now, this time, the warriors will have the home court advantage because they are the higher seed, meaning if the series goes to a game seven game seven chase center will host four of those games, though we know sometimes the home court doesn't do it all the last time the warriors were here just this past friday and chase center game six of the first round against the king's. that was an absolute disaster, the second worst shooting performance the warriors have ever recorded in a playoff game under steve kerr. it was only their second time ever losing a home playoff game at chase center. but n

well, not only the small eli tnye district in the same california beverly hills shopping in black dragsnately from boutiques. they say if the rebellion is powerful, then they will definitely be heard. and what do they want? let's see more demands for reparations in this leader of such a state of california was said there, almost there millions, it is not clear. where will this money come from, many states have such a budget deficit, a big country as a whole, and the bidens, who promised that he was in this trump seeds, that it was trump who split the country, and he promised to explain it, as a result, we are still getting everything more and more expenses. such a picture of the detention of a black man who tried to take out an armful of more from the store can be seen rather in the suburbs, where justice is still working, where the views of americans are predominantly conservative. and what about in megacities, while you are residents of these cities before the first robbery. yes, as long as the rules, they vote for the republics. if they leave these cities, then the statistics are eve

lyle and erik menendez shot and killed their parents in 1989 and their beverly hills mansion. the brothers never deny the killings, but said that they were sexually assaulted by their father and feared for the lives. but with three sentenced to life in prison without the possibility of parole, but today there are attorneys filed court papers that newly surfaced evidence could overturn their convictions. appeals court has ruled california's longtime ban on assault weapons will remain in place, ktvu south bay reporter lamonica peters explains the ruling and what this means for gun owners across the state. third district court of appeal ruled friday that high capacity rifles like the ar 15 cannot be sold or possessed in the state of california. the ruling upheld the conviction of alex bocanegra from san jose, who was charged with attempted murder when he used an assault rifle to shoot at a former friend and you will see cases spring up all over the united states. on issues that still limit the absolute right to possess a firearm under any circumstances and any type of weapon like

today is powered by ev's, we discussed the outlook from the milken institute global conference in beverly hills is bloomberg. ♪ automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh shery: larry summers says he is concerned with the debt ceiling then the turmoil in the u.s. banking sector. spoke to bloomberg about the value of bank access -- asset. >> we are going to need to do careful thinking about marking inc. assets -- marking inc. access in more real ways. but there is some alarmism in the calculations you were describing. it insufficiently recognizes that, if you hold a bond or mortgage, and the interest goes up, the value of the mortgage is down. but equally, if you are having a deposit, and it is as a low interest rate, and you are going to on a spread, there is an asset there. when interest rates go up, the value of that asset of. -- the value of that asset goes up. it is wrong to focus on the fir

senate will have a hearing about the banks later today, and the latest trouble is a bank based in beverly hills, bank west. and early indications are the fed is trying to slow down the economy and the economy is fighting back. vice president harris will meet with companies on artificial intelligence at the white house today, including microsoft and open a.i. washington is working to develop guidelines on the new technology. microsoft this morning making its access to chatgpt to anybody using the search engine bing. i didn't know palo alto had a zoo. you do need to go through hoops -- you have to download the microsoft browser and sign up, but there is a chance to use chatgpt. >> sounds like you have weekend plans. >>> if you are heading out to san francisco bay, sailors from across the world try to seize the day, and the $1 million grand prize happening. one of the sailors from team usa is here to join us to talk about it. it's good to see it back. this is the final leg of the competition taking place across the world. tell us about it and how team usa managed to get to it. >> yeah, we're out h

first, out of beverly hills, western phoenix, what i say this?ve tech startups as clients, that group of specifically little more sensitive to interest rates and they are described as, i'm quoting the general, tightknit group proving flighty during a rough patch. i think that's why they got hit the hardest and down again by 2% today but what exactly is going on? do regional banks have problems we didn't know about last week? i thought jamie diamond and j.p. morgan stepped in and rescued first republic and there's no more panic out there. we were wrong so now that the fed uses making the decision this afternoon, their data dependent is what's happening in the banks, their data. stuart: we won't know. i think reported yesterday, i'm interested in the eb sales. >> overall, profit but the business lost $722 million and they are on track to lose $3 billion this year. board used ev's like a start up, they will lose money and then build scale and everything will be great. i also want to tell you they cut again the price by as much as 8%. stuart: a big d

instead of hillbillies going to beverly hills you have beverly hills going to the hills. >> david.get the gesture. >> should have undone the seat belt. >> well, then let's just leave it at a gesture. >> let's just leave it. >> yeah. >> so the show is capable of both very broad comedy but also of intensely moving human themes. >> our lives are like little baby crows. carried upon a curious wind. >> everybody had a human side and everybody was rewarded in that final episode. and boy, did it end up being the perfect show for the pandemic. >> you have these shows that are taking risks. you have those that would have never been on television 15 years before. >> i wish it was different. >> donald glover, issa rae, all these folks who have unique and specific royces are now in your living room. >> clearly she's not a virgin. >> of course i am. that's a mistake. >> it's not a mistake. >> or it's a hormonal thing. >> exactly. pregnancy hormone. >> i'm really just honored to be a part of some of the those that got to be these new voices for people. >> you swear you won't tell anyone? >> i sw

that's where pac west is in beverly hills. this is a set of distortions out there that we see with the vengeance after the reporting yesterday. jonathan: the discussion that lisa and i are having is about a rate shock and how to respond. also his credit fear. with pacwest it's not for me to say of the stock should beat up or down. that's not our jobs. i think what happened yesterday was the wordspacwest and strategic options. we know the template for that. you see a banking you see the words strategic options and you say this is played out before and i know how this ends and it ends badly. lisa: why would anyone have any deal with alone loss agreement withthte fdic. jonathan: a bit of news from td bank, mutually agreed to terminate a merger. they have's uncertainty around regulatory timing and first horizon shares are down in the premarket. here is the latest -- first horizon is down more than 40% in the premarket off the back of this and td bank is essentially unchanged. tom: that's toronto dominion we talk about the strategy

it caters to wealthy clients and has branches in beverly hills, palm beach, greenwich, connecticut.nd even an office in manhattan. the problem is that two-thirds of its deposits were unsoinsure. unin uninsured deposits fled after the clachs ollapse of silicon v bank. it trans i it translates to a staggering $72 billion in lost deposits. back to you. >> with the keconomic doomsday talk ticking to a potential government default, republicans and democrats argued some more on sunday but didn't make any progress. the republican-controlled house last week passed a bill to enable the u.s. to continue borrowing so it could pay its bills, but it includes deep program cuts. president biden has made clear he won't approve. independent senator bernie sanders told cnn on sunday democrats are willing to discuss budget cuts, but the republicans first have to pay the programs congress has already passed. >> the president is right. what we need is a clean debt ceiling bill. you pay your bills, and then you can sit down and negotiate what a sensible budget is. i think we can start goishting tomorrow,

you have beverly hills going to the hills. >> david! what does burning smell like?just leave it as a gesture. >> let's just leave it. >> the show is capable of very broadcomdy, but also of intensely moving human scenes. >> our lives are like little baby kroes. carried upon a curious wind. >> everybody had a human side and everybody was rewarded in that final episode, and boy did it end up being the perfect show for the pandemic. >> you have these shows that are taking risks, you have shows that would never have been on television 10 years before. >> do you wish i was different? >> donald glover, issa rae, all these folks who have unique and specific voices are now in your living room. >> clearly she's not a virgin. >> of course i am, that's a mistake. >> it's not a mistake. >> or it's hormonal. >> exactly, pregnancy hormones. >> i'm just honored to be part of the shows that kind of got to be these new voices for people. >> you swear you won't tell anyone? >> i swear, yeah. >> you have "homeland" in 2011, and then 2019 you get "rami." >> i didn't know that you were m

failing of the largest bank first republic bank, jpmorgan chase stepped in, and it has branchs in beverly hills and silicon valley, palm beach, greenwich, connecticut, and all of the branchs are reopening today as jpmorgan chase. we have vanessa outside of one of the branchesb and how are you learning that this all came together. >> well, as you mentioned, kate, branches around the country, including one behind me opening up under new ownership with jpmorgan inking deal to buy first republic bank and announced by the fdic early this morning and we are learning now details of how this came together after a media deal with jpmorgan president jamie diamond, and this was held by auction by 4:00 eastern time, and jpmorgan was the winning bid, and it took over 400 employees to make this deal come to fruition and people at first republic bank and the fdic and the treasury. but jpmorgan chase has assumed $92 million deposits. so if you are going to the bank, your deposits are safe, and they are taking $173 billion in loans as well as paying the fdic10.6 billion to close this deal. a lot of the question

instead of hillbillies going to beverly hills, you have beverly hills going to the hills. david!cissists. oh my god. -what are you doing? -i was trying to give you a hug. -i get--i get the gesture. -should've undone the seatbelt. okay, well, then let's just leave it at a gesture. -let's just leave it. -yeah. [tim] so this show is capable of both very broad comedy, but also of intensely moving human scenes. our lives are like little baby crows, carried upon a curious wind. [david] everybody had a human side, and everybody was rewarded in that final episode. and boy, did it end up being the perfect show for the pandemic. [cheers and applause] [lorraine] you have these shows that are taking risks. you have shows that would've never been on television 15 years before. do you wish i was different? [nelson] donald glover, issa rae, all these folks who have unique and specific voices, are now in your living room. -clearly she's not a virgin. -of course i am. that's a mistake. -that's not a mistake. -or it's a hormonal thing. exactly--pregnancy hormones. [lena] i'm really just honored to

city of angels, we come to you live from the annual milk and global conference in hardscrabble beverly hillsightest minds of the world of business, money, politics, power are gathering all this week. hi, everybody. i'm brian sullivan, and we have a huge hour ahead for you. we're going to be speaking with two of the most powerful pension fund managers in america we look at that jason wright

the report identified the beverly hills based climate emergency fund as a major donor for many extreme priceless van gogh painting. and the protesters who stopped a busy highway in rome. as well as protesters who disrupted last year's tennis french open by gluing their hands to the court's net, make sense, right? the examiner report claims the climate emergency fund isn't just a small-time charity but actually being backed a loaded field of left-wing donors and hollywood stars. some of those donors reportedly include jeremy strong, and comedian chelsea handler among others. dagan, do you think these hot celebs are not flying on their private jets as they fund radical climate extremism? >> dagen: they are trying to hide it, clearly, because maybe something goes wrong and someone gets hurt with one of these little cutesy stunts. at some point they don't want their money trail leading back to them potentially. but they are elitist climate crusading bigots. to use the language of the left. what they are doing from a position of power and prosperity is racist. let me finish. it's straight t

in beverly hills, california, at the milken institute global conference. will be bicoastal, including our team's surveillance. tom, john and lisa back in the new york studio. you want to start off, of course, with the consensus expectation, and it is twofold. first, a 25 basis point interest rate increase. and second, a signal to pause one of the most aggressive hiking campaigns that we've seen i

. >> janai: the new twist for the beverly hills menendez brothers fighting for a chance for freedom.f sizes, frames and styles. go to mixtiles.com, upload pictures, pick a fancy frame and voila! order now and get up to 50% off. that's why i take osteo bi-flex every day. it's clinically shown to improve joint comfort in 7 days, and continues to improve over time. kinda like us. osteo bi-flex. find our coupons in sunday's paper. >> welcome back to gma. we hear donald trump in a recorded deposition. abc's aaron katersky has been watching. >> reporter: in a deposition, former president trump is seen denying e. jean carroll's sexual assault allegations with insults and he confirms allegedly defamatory statements about carroll were his. >> number one she is not my type. number two, never happen. that was a statement that you made to reporters on june 2 june 24th, 2019. and same set of questions. i take it that you stand by that statement today? >> yes, i do. >> reporter: trump never wavers. >> physically she is not my type. now that i have gotten to hear things about her, she would not be

the brothers who shot and killed their parents in the beverly hills mansion are asking the courts toy serving life in prison. jobina at the live desk with the evidence the menendez brothers now say they have. jobina: attorneys filed court papers on wednesday arguing that newly surfaced pieces of evidence should cause the court to vacate this whole thing. one of those pieces of evidence is a letter written by eric to one of his cousins in early 1989, eight months before the killings, and recent allegations by a former member of the puerto rican boy band menudo that warrants reopening the case. jose menendez and his wife were gunned down by their sons in august of 1989. eric and lyle never denied carrying out the killings. they claimed their father sexually molested them for years and they killed their parents out of fear. prosecutors argue that the killings were financially motivated, and pointed to lavish spending sprees by the brothers after the fact. the brothers' first trial ended with jurors not able to reach a verdict. in the second trial, which lacked much of the sexual abuse t

beverly hills 9, 0, 2, 1, o is second with a median price of just over 5 million followed by los altos hills, santa monica's 9, 0, 4, 0, 2, zip code is 3rd. that's where the average home price is just over 4 million dollars. >> tell us a is the last ski resort standing after a massive winter brought some 60 feet of snow throughout the sierra. the resort is still open. >> d esn't look to be closing down any time soon. the resort says it plans remain open 7 days a week through may and then switch to fridays through sundays in june with the last day to ski. >> the 4th of july. well, skier certainly love that. our chief meteorologist lawrence karnow standing by with more on all of this going just about a little bit of everything. go surfing out the ocean by day head on up the slopes and enjoy an afternoon of slushy skiing up there on the slopes out there, though, right now that fog. well, it is really rolling in right now. it's getting thick in spots out there toward the golden gate bridge. more that overnight tonight, maybe a little drizzle along the coastline, but you know what? high pre

david faber live in day two of the milken institute conference in beverly hills sara eisen will joint market softening up. dow down 150, back to 4150 on the s&p on mixed corporate results today and some inflation hand wringing in both europe and australia. got some fresh data coming out le let's get to rick santelli. >> carl, interest rates started moving down a few minutes ago and they had it correct. if nervous investigaors tried to clear their numbers they might have done a good job jolt for march expected to be around 9.7 million, comes in light, 9, 590, 000 keep in mind we had 9, 031000, lowest amount since may of 2001. 9,530, 000, and it is likely one of the reasons interest rates are moving lower in addition, our march read on factory orders is on the light side up 0.9, expected up 1.2 to 1.3% and a negative revision in the rearview mirror. february stands at minus 1.1, almost double the negative of originally reported down 0.7%. and if you strip out transportation, it is down 0.7 that was from a revised down 0.3 and down 0.7 last month. we are now both months down 0.7 in a ro

. >> living in mansions in beverly hills, we're the creators of of the content that you see every so should be a no-brainer that if it is a profitable industry, why did you know >> writers guild of america wga is seeking more pay more staff in the writing rooms, shorter exclusive contracts and a reworking of residual pay is the writers of film. >> and television to create the stories and content that ultimately end up making these corporations. >> billions of dollars negotiations between studios and riders began in march and they failed to come up with a new contract for viewers. this means late night shows could go dark and you may start seeing reruns instead of new content. celebrities waited. but we have a lot >> staff and crew that will be affected by this, you know, but, you know, they got to get a fair i need i need my right is i mean, the real i'm a member of w va and support wga. you know them getting with we us getting what we need. so i hope that no one wants it right. but i hope that we're able to. directed by this a central issue in negotiations is streaming the guild say

international headlines in the 1980's and 1990's, now the brothers who killed at their parents in beverly hillscate their convictions. they are currently serving life in prison. the menendez brothers say they have new evidence. jobina: attorneys for the brothers filed court papers at that argue that two new pieces of evidence, a letter written by eric to one of his cousins in 1989, 8 months before the killings, and recent allegations by a former member of the boy band menudo warrant opening the case. the parents were gunn their sons in 1989. their sons never denied carrying out the killings, but they claimed their father sexually molested them for years, and they killed their parents out of prosecutors say that the killings were financially motivated and appointed to spending sprees by the brothers after the fact. the first trial ended with the jury not able to reach a verdict. in the second trial, which lacked testimony, ende both brother is convicted of first-degree murder and conspiracy. today, their attorney say allegations of surfaced last month and a documentary in which a former member o

global anchoring system is one of the key topics of the milk and global conference underway in beverly hills. sonali bassett is there along with the ceo of citigroup. over to you. sonali: welcome to the bluebird television and radio audiences. you had set me up here, i'm with jane fraser on this his though -- historic day in global banking. i'm curious for you to take us behind the scenes. thinking about the first rescue made by a lot of large banks weeks ago, why was there not an inclination to step up and save first republic a second time? it's always a -- jane: it's always a sad day when you see a bank fail but it we are pleased to see the major uncertainty addressed and that's a good thing. on to mentally the u.s. financial system is sound. this is the case of a small handful of banks that were fully managed in getting this address, which is very important. when we stood up it was a statement that the major banks, the 11 major banks of the country in 30 hours put $30 billion to work. to buy the time to get the right solution in place. that was our intention. not to provide the answer, it

global conference kicking off today in beverly hills they have a host of ceos and industry experts gatheringher, including our next guest who has a great view of the toy industry ynon kriez is the ceo of mattel. it's great to have you on the program. welcome. >> thank you for having me. >> toys were a hot topic last week, especially after what happened with your rival hasbro there, peppa pig and play dough and all the rest of it tell us what you think is going on in the toy industry is it about hot products is it about strong -- is it about all the millennials in household formation? what's happening here? >> well, what we're seeing is strong demand for quality product and trusted brands we've always said, this is what's really driving the industry we saw growth in consumer demand for our products in the first quarter and we expect to see that through the rest of the year and it's all driven by quality product, trusted brands, and this is where -- the fact that we own one of the strongest portfolios in the world is playing to our advantage. >> year over year, your sales were down, if i'm rea

i'm sara eisen live at the milken conference in beverly hills, california, along with carl quintanilla at the new york stock exchange setting the agenda today, huge lineup the ceos of bank of new york mellon, brookfield management, kkr and mondoles talking about the takeover of first republic bank, the state of commercial rae, the consumer and a whole lot more >> it's going to be big. >>> as earnings season continues, our next guest is forecasting a drop with the year-end s&p target 4k and also says bulls -- she asks if bulls are becoming an endangered species with sell side indicating that equity allocations have hit a six-year low. joining us, savida great to have you back. >> great to be here, carl. thanks >> how you've been processing earnings season, the notion there is earnings momentum we know there's some natural suppress ants that could come during the summer in the form of the debt ceiling, but what is the most constructive you can be at this given moment >> yeah. you know, i think that what's interesting is when you think about what we're all talking about and focused on is

pacific western is based in beverly hills. these regional banks like pacific western or silicon valley bank in wealthy silicon valley, had a lot of rich clients, and you would think rich clients are good clients. but when a bank has depositors who have more than $250,000 in deposits, they are more likely to take that money out because it's not protected by the fdic. it's over the limit. >> vice president harris met with leading ai companies at the white house on thursday to talk about the future and perhaps future regulation of ai. we don't have video of the meeting, other than some shaky cell phone video, but here is sam altman, the guy behind chatgpt, arriving at the white house gate. >> cnbc here. what are you looking forward to today? >> i am excited to have a discussion. i think it's important and a good time for it. i'm super late. >> do you think the white house is moving quickly enough on regulations? >> hard to say, but i think they're seriously engaged and want to get to the right place. >> he's not late, super late,

number 2 on that list is beverly hills 9, 0, 2, 1, over the median price of just over 5 million dollarsd coming up, 3rd, los altos hills in the south bay, the average home price there, more than 4 million dollars. >> well, we cool down a little bit around the bay area to see where about the heat, right back up and look at that swirl of coastline. how might that our weather this week? we'll talk >> your next trip to an airport may include a close-up. the tsa is testing facial recognition at security checkpoints in more than a dozen airports across the country. one of them is in san jose. that's where kron 4 justin campbell joins us live. so, justin, you've been talking to folks people into this, not so much what's going on. jagr. and like you said, over a dozen airports, these machines are at 16 airport spread across the u.s.. >> people that we spoke to here today say that some of them are excited about this technology. while others say they are concerned about privacy. travelers at san jose airport now have the option to volunteer in the and use this facial recognition machine. the mach

this bank is based in beverly hills.nal banks, like pacific western in 90210 or silicon valley bank, had a lot of rich clients, and you would think rich clients are good clients. but when a bank has depositors who have more than $250,000 in deposits, they're more likely to withdraw that money because it's not protected by the fdic. pacific western bank is the one in trouble. they're at the bottom, but there's also an oregon-based bank called pacific west bank corp., totally different company, totally not in trouble. but as you can imagine, they are trying to reassure their depositors they have nothing to do with pacific western. >> normally when it's jobs friday, i talk about it off the top, that the bank news was bigger. we get these numbers at 5:30 our time. look for 180,000 jobs added, unemployment rate maybe rising a tenth of a point. vice president harris met with leading ai companies at the white house on thursday to talk about the future and perhaps future regulation of ai. we don't have video of the meeting other

living in mansions in beverly hills.ould be a no-brainer that if it is a profitable industry, why did benefit from the >> the last writers strike was in 2007. it lasted 100 days. broadcast coppany say they plan to air reruns for as long as it takes to end the strike. none of the 4 zone forecast as we get a live look outside at the san mateo bridge on this tuesday night. and lawrence is back to bring us up to date on the snowfall on a second. yeah. how about that and we're seeing not just a little dusting of snow. we're seeing significant snow in the sierra and well. >> it will continue. in fact, we had a dusting of snow locally over mount hamilton today. how about that? that just give you an idea how unusually cold the storm is that's rolling through right now. and so it will continue overnight tonight and it's tomorrow. now there's a hint that that may linger just a little bit into thursday so that a slight chance of a shower or 2 on thursday as well. but the sarah, yeah, there you go. once again seeing that snow fallin