lemonis: the situation at black rock is bleak.they opened up a couple months ago, and already, they're $15,000 past due on the combination of rent and equipment. it looks like they're ignoring their financial obligations. gary: he has the money. i think he's made a decision to not put anything more into the business. lemonis: so he's personally guaranteed this? gary: yeah. lemonis: the owner of black rock café has a $75,000 personal guarantee on this equipment and the lease. what that means is that we can go collect on his personal assets. i don't want to do that. what i actually want to do is come up with a solution that works for black rock and works for swansons. well, if they can't pay, then what about the possibility of turning that into, like, a swansons grill? maybe it's a way to sell more fish, get better prices. gary: yeah, that might be a great idea. lemonis: swansons should have a restaurant, and black rock, the way it exists today, isn't a viable business, so i feel like i could fix both situations with one meeting. wh

purchased the stocks and black rock is a huge money manager, global money manager that's recently buying up more and more japanese stocks. >> we've been covering china, as well shanghai composite doesn't really look to be stabilizing that much. >> exactly. with so much going on and greece focus tends to fall on europe and chinese stocks going down significantly, the shanghai composite is down 30% in three weeks, the government failed to calm the markets after announcing some fresh supporting measures over the weekend and yesterday hong kong tumbled posting the worst one-day performance in three years. so some analysts are saying that china could be a bigger problem than greece. so the moves on china are also a big focus today. now over in currency markets, the eros is being bought back a touch of skidding near a six-week low in the upper 133 but now it's in the mid 134 yen. analysts say the resignation of the greek finance minister is a positive and prompt by back of the eros. however, dealers are still favoring the safe haven yen. dollar yen around 1 22.69. so the keyword for tod

this might be throwing you a wildcard here but do you track black rock? >> we do. those results seem solid at first look. as analysts we like to take a little bit more time. >> fair enough. let's dive into some of the results we saw yesterday and what that might mean for the rest of the banking system going forward. in particular jp morgan. who does it benefit and who does it hurt? >> equities was strong. so you have to look at the mix. on the other hand the thicker issue probably concern about goldman sachs and city. that said the read across is difficult because there's a lot of movement within those numbers. >> those numbers last time around are pretty extraordinary return on equities. is is that sustainable? >> they like to do that. short answer is no. goldman sachs has volatile earnings overtime. that said we do believe the volatility will be good at the back half of the year and should set up good numbers as we look that way. >> you have been pretty bullish on citigroup. you say those numbers are not going to be that messy. how can you be so sure of that? bec

is black rock a good investment? >> yes. black rock does a terrific job and they have good interesting products and there were interesting statements back and forth, but when it comes to a well-run company, black rock is a well-run company and that's what i care about. steve in florida, steve. >> caller: thanks for taking my call. >> of course. >> caller: what about mobile eye, mbli. >> i will see your mobile eye and go one better and i think ann borel which has intellectual properties and i like it but it also has drones and now we'll go to mike in michigan. mike? mike mike mike. >> caller: hey, boo-yah from michigan. i bought alcoa in march. >> when this deal closes is when alcoa will go up. the deal must close first. when it's closed you will get a revaluation and reranking and that's when alcoa will go higher. let's take one more. let's go to john in new york. john! >> caller: hey jim. how are you doing, buddy. >> good. how are you? >> caller: good. i want to get a feel on. >> cancer pain. we looked at this stock and hav

it's my pleasure to attend on behalf of black rock, and i look forward to the discussion. most fixed markets have adapted to changes intended to have safety and soundness of the global financial system. looking back, the conditions leading into the 2008 crisis were healthy and more sustainable. participants need to accept the changes occurred post crisis. in many cases, intentionally due to regulation. in many cases, intentionally due to regulation. and adapted to achieve their objectives in a fundamentally different market. black rock has been considering these issues and has been adapting for several years by making changes in our creating platform capabilities, portfolio construction methods and risk management. bond markets are changing as a result of a number of different factors. central banks have been employing extraordinary measures to maintain low interest rates for an extended period of time. bond issue answer has increased as issuers take advantage of historically low rates. at the same time, deleveraging across the financial systems ongoing and broker dealers

we are here with the global investment strategist at black rock. the biggest opportunity and challenge was the fed and the bank of england what they will do. ewen: it is the first right rise cycle in eight years. after we have filed returns from the future in terms and equities. we have had the longest bull market in the last few years. it will be a time of navigation moving into this cycle. if you listen to mark carney carefully, he is a man who chooses words carefully there is strong emphasis on the words slowly and saying that it will be half as high as the rate cycle before. that means the destination is not that scary, but the journey given how much has been inflated up, the journey will be a little bumpy. manus: when you do the math on the historical interest rates, it is 4.5% over the time span that mark carney refers to, that would take us to 2.5% or 2.25%. ewen: you are probably about neutral in real rates at that stage. what he is saying is that debt is so much higher that the impact of raising rates on consumption will cut in sooner. tak

use black rock roads as the alternate. woodford road is reopened that will open at 5:00 a.m. new closure on constowing ima road. we'll -- congoing on ga -- conostoga road. >>> police are looking for suspects who were trying to break into a home. >> reporter: the tips coming in. there is very clear surveillance video of four brazen chris. let's get to the video of that home-invasion robbery that happened on tuesday night. that surveillance system caught clear images of the heavily armed men. this happened around 10:30 on the 500 block of personham road. the first suspect knocked don't door the homeowner answered and and he pulled up a shotgun. they were joined by two men and one of those men was wearing a mask. investigators were later able to pick up some from time to time. police don't know why they picked this house but believe they may have had an -- a wrong address. >> it's danger individuals we want to get them off the street. >> reporter: surveillance video is key for the investigators. police are urging people to sign up. last year 1,000 systems were registered by busi

black rock and hollow roads. you can see the damage there a pickup truck landing on its side and five victims were taken to paoli memorial hospital with non life-threatening injuries. no word on possible charges here. >> feev people injured during overnight crash in bucks county occurring 3 a.m. state road near route 413 bristol township and the driver filed navigate a turn there and veered off the road and flipped over several times. the victims were taken to two different hospitals with serious injuries. >>> amtrak said it will not fight its liability over the deadly train crash in port mitch richmond and 8 were killed and hundreds injured on may 12 amtrak add nitz court papers the train was speed when it derailed and congress limits amtrak lie ability to 200 million. in the end courts are expectsed to decide how the money is divided two united airlines flight attendants and passenger feeded medical attention today after one rough landing and plane hit turbulence as it approached dulls international airport out

get around that closure use 29 i know people are using that because of the route 23 closure or black rock road. durham townships, we have milling and paving work 8:00 a.m. to 5:00 p.m. this week and next. old bethlehem pike will be blocked off for that. moorestown burlington county watch out for construction they are installing a fiber optic cable along north church street. of course a lot of people will be coming back from the shore. no problems reported on the ac expressway westbound eastbound dead old man says watch a work zone coming off 42. >> a fiery crash in long island. a person rear ended the suv the man and his son and daughter were killed in the crash. his wife was sitting in the front passenger seat and managed to escape with minor injuries. police say he was driving drunk. >> a frantic search is quurnld way for a kentucky -- underway for a kentucky woman who has been missing for a week. police have found a clue that's her car found on the side of a highway with a flat tire, her keys and purse and cell phone were inside. roger's sister raised concern about her live in boyfrien

the truck landed on its side at black rock road at hallow road in upper providence. four people were hurt, they were evaporated after 11:00 p.m. police are determining who or what caused this crash. >>> police are searching philadelphia's crescentville section for a gunman around 9:45. a man is shot multiple times including in the face. it happened on the 500 block of hill creek drive at hill creek apartments. the man was rushed to einstein in critical condition. >>> there are startling details about dylan roof who went on a killing spree. the director of the fbi said the shooting should have never happened. the admission came hours after the confederate flag was removed from the capitol grounds for the last time. >> reporter: a stunning heartbreaking admission from the fbi director about last month's massacre in a carolina church. the accused killer should not have been able to buy a gun. the national background check system failed. roof who killed 9 people at a historic black church had an arrest. information that should have prevented him to buy weapon. but that i

egypt road and black rock road by the pizzeria and grill. northeast extension southbound at lansdale that crash heard. pottstown watch out for the dispier location a-- fire location at shoemaker road. >> a selfie stick helped a family swept away by a rip current. it happened to a teenager and her parents in nantucket. the girl's father grabbed on to the teen's selfie stick to keep other close until a lifeguard and someone on the beach helped her. >> two crimes in tennessee could be connected. mask men forced their way into a family's knoxville home they abducted a man and wife and infant son and forced the man to rob a bank where he served as vice president. the robbers abandoned the family they were not hurt. the ceo of a nearby credit union endured a similar ordeal in april. >>> pope francis touched down in bolivia. thousands greeted him at a welcome ceremony he praised the police police bolivian president. >>> an aspiring rapper in new york recorded his entire album at an apple store in soho. he transferred his work to a portable drive. >

larry fink the ceo of black rock. charles: we're awaiting decision of patriot quarterback tom brady, with his role in deflate gate. >> charles, will tom brady get a pass from goodell in his decision? charles: i like that there we're wait for goodell's decision, relateds 4 game suspension for knowing that patriots reduced or messed with air pressure in the footballs during the afc championship game, some think that nfl might want to bury this decision, late on a friday afternoon. before a summer weekend. decision has to come down soon, brady has been suspended for first 4 games of next season, patriot's training camp starts in two weeks. watch for goodell to do what is right for his image and the image of the like, protecting the integrity of the game, which at times seems more important than say punishing domestic abuse, get this, greg hardy now with cowboys had his 10 game suspension cut to 4 for assaulting his ex-girlfriend, that decision made by an independent arbitrator not goodell. they predict that breadthy's su

on one corporate board, black rock. she has no financial experience, she's on the corporate board, black rock does a lot of business with the federal government, during the tarp bailout. this is about crony capitalism and they couldn't care less. that said, at some point, if biden gets in, that will show that the money guys aren't worried but that would show that the political base is worried. neil: would the money guys read this, the blood in the water, sharks start circling because she looks vulnerable? >> by the way, we're talking money guys, where is our guy robert wolf, right? secretary of advisers now, i talked to him yesterday, he's away on vacation, and not saying too much. >> point out who robert wolf is, he ran ubs americas at the time when ubs the swiss bank was under investigation by the irs for those -- for people using the bank accounts as a tax dodge. robert says to me, had nothing to do with the stuff with the clinton foundation, any directing of money. isn't it odd, a guy like robert wolf, a major democ

. >> i don't know whether to hate you for more making me listen to that or hate larry fink at black rock for giving her dopey ideas about short term -- listen this is purely politics. it makes no sense. have some sort of -- >> listen okay let me -- but here's -- >> here's the politics. adam you should love this. she needs a -- >> i'm listening. >> she needs a wall street whipping boy. she can't beat up on goldman sachs because they give her -- they actually paid her money to listen to her speak like that by the way. that should be a shareholder revolt at goldman sachs. they can't -- she can't beat up on them or private equity because they pay her money too. they should be, you know blackstone should be in big trouble with their shareholders. >> so she has to go after -- >> she ha to go after the smallest piece of the wall street apparatus, the activists, so she can say to bernie sanders, i'm beating up on somebody big. >> adam? >> as political analysis goes it's lot bad. she said if you're a traitor, if you're a hair-trigger trader and go in and out of these stocks that's your job. that'

let's talk about black rock and the new headlines coming from them. they see share prices driving higher and the stock prices are not impacted by the economic outlook. let's take a look at the aussie-dollar. it went up after the news came out and you can see that it extended the gains and strengthened to .74 cents. we are seeing positivity here today. it is doing pretty well the last couple of sessions and it is up .5% right now. muchseng is flat with not reaction. rishaad: thanks for that, yvonne. that theig story is bank of japan is concluding a pricing meeting and we have signs that the economy is in a soft patch in the second quarter and we have been examining that. not much expected, in terms of rates. even monetary stimulus looks remote. .> absolutely, rishaad we have the inflation number at 0, at the moment and. on theus will be language and there is not expected to be any change to monetary stimulus policy. they are going to announce a forecast for the three-year and they are coming off of the low from the recession with the officials say ther

winners included black rock and the bank of america, but the market reversed those gains on protestsside the greek parliament. yesterday we had a lot of strrl bank actions and data releases. one of which is the bank of japan, that left its policy unchanged. the bank of canada though cut rates, and china's gdp came in just above estimates. but i guess for most people it was miss yellen who took center stage. but many market watchers say she didn't give any surprises when she said the fed's on track to raise rates this year. >> well switching from rates to currencies, give us some of the levels for some of the key pairs. >> ramin, talking about rates still talking about rates, many think the rate hike will occur as early as september, so the dollar iss ring about 1% against the yen from earlier this week. dollar/yen around 123.90 almost reaching 124. the euro rebounded just a touch after greek lawmakers voted "yes" to the reform plan, but it still remains weak. the euro fell over 2% from its peak on monday now around 1.0939. we should also watch out for gold prices that fell to their l

if you want their help go to black rock center for the arts on town commons drive. >>> news4 is working for you this morning. virginia among the states where lyme disease appears to be expanding. certain kinds of ticks carry the bacteria that cause's lyme disease in people. most cases occur in the mid-atlantic upper midwestern states. the centers for disease control says traditional high risk areas have doubled in the last decade. >>> sweet briar college says nearly 300 students are scheduled to enroll this year. that's after the 114-year-old women's college was saved from the brink of financial ruin. president stone said the returning students are the top academic leaders. >>> 4:51 or time right now. tom kierein joining us in the studio to talk about the nice cooldown. >> we're hash tagging it perfect summer day. low humidity. live view there, some of the city lights there illuminating the clouds. drifting off to the east as the canadian high pressure pushes in. lots of sunshine. down to just the 50s now in much of the region including the shenandoah valley the mountains of western mar

. >> yeah. >> black rock was beat.ater this morning we do have more delivering alpha stars stopping by our set this morning including your capital management founder. this conference could start at 8:30 eastern time and the preshow starts right now. don't miss them. they will be on stage together later this morning so a very busy day ahead but first up to speed on the top deadlines. >> three big global market stories developing at this hour. parliament is in session. the government must vote on reforms that have creditors insisting on a bailout. then overnight in asia chinese gdp data coming in stronger than expected. 7% year over year in the second quarter. in other reports retail sales also topping forecasts and the main index is down about 3%. the boj leaving monetary policy unchanged today. that comes as expected. it continues to expect the economy to continue with a modest recovery. chair janet yellen will begin two days of semiannual congressional testimony. she'll appear before the house financial services commi

ubs, black rock, and franklin templeton all say that. >> it depends on the china we are talking aboutave the asian markets in the hong kong markets and most are looking at the hong kong markets. you are talking at the shanghai market and that has come down a lot. 80-85 times. ridiculous. the asian market, we have been cautious. we up rated the market. -- upgraded the market. we have taken it. angie: where do you see opportunities? >> in the markets, you should be overweighting. it is interest rate-sensitive and we know china is going to hold out. -- build out. >> in terms of premiums, it is still pretty high. you say they are underweight on hong kong. >> yeah. not hong kong china. we have a preference. >> you do not feel good about the fundamental enconomy. >> there are a couple of things going on in december. if you do not do it by december, you have an issue. that might -- >> you are more positive about it. >> yes. it is a small portfolio. it is a sector that we like and that has come down tremendously. on the margins, we think the fundamentals might change. we like that. >> one of

at black rock and hallow road. a pickup truck landed on its side. five victims were taken to paoli in memorial hospital with non-life threatening injuries. no word on any possible charges, here, either. >>> five other people were injured, during an overnight crash in bucks county. one vehicle crashed it occurred at 3:00a m on state road near route 413 in bristol township. police say that the driver failed to navigate a turn there, and veered off the road and then flipped over several times. but the victims were taken to two different hospitals with serious injuries. >>> and a new emergency response vehicle was dedicated today to philadelphia fire fighters and police officers kill in the line of duty. "action news" reporter trish hartman spoke with family members of those fallen heroes. >> reporter: as the the sheet fell away a memorial emblem was unveiled on a new wrapped response vehicle. it was a solemn moment for families of the philadelphia police officers and fire fighters, killed in the line of duty. >> just to be prepare and to help other peo

. >> it's my pleasure to attend on behalf of black rock and i look forward to the discussion. most fixed markets have adapted to changes intended to have safety and soundness of the global financial system. looking back, the conditions leading into the 2008 crisis were healthy and more sustainable. participants need to accept the changes occurred post crisis. in many cases, intentionally due to regulation. black rock has been considering these issues and has been adapting for several years by making changes in our creating platform capabilities portfolio methods and risk management. bond markets are changing as a result of a number of different factors. central banks have been employing extraordinary measures for an extended period of time. bond issue answer has increased as issuers take advantage of historically low rates. at the same time, deleveraging across the financial systems ongoing and broker dealers have been markedly reduced. broker dealers continue to make ma ets and fixed income, however, the market making activities are more constrained than they were before. the

david: joining me michael warren and the black rock group senior political consultant lisa boothe, thanks to you both. michael, getting an endorsement from bernie sanders may not be a good thing for mr. jeb bush. >> no, i don't think so, but i think it was interesting because i think first bernie came out and he sort of said this is bad, i disagree with this, and once the context came out that jeb was talking about part-time jobs, too many part-time jobs, not enough employers offering full-time jobs because of things like obamacare, maybe sanders started to see what he was talking about. so i don't know. david: i think he was, lisa, i think it's fair to say that jeb bush was mischaracterized by hillary clinton's tweet suggesting that, you know, he doesn't have sympathy for hard working americans. that seems clear. i don't think she won that debate, now and. >> no, and it's absolutely absurd for hillary clinton to demonize the remarks. millions of americans are working less than 30 hours because of policy that hillary clinton supports, as michael mentioned obamacare and president obama's m

jeffrey rosenberg is the chief income strategist at black rock and must contend with divergent levels of fear and a little bit of trumanic this morning i guess in china there is a little bit of that within the equity markets. what i notice, jeff, is an unrelenting move to negative yields in germany. the markets are voting, aren't they? and they're going to flight to quality. jeff: they are and we have to put the negative yields in context that it was an older story of european deflation and expectations the e.c.b. and q.e. and had that and then a recovery. the old story was european bond yields went from negative to zero to 100 basis points before the latest greek -- tom: what's the quality of the world right now? jeffrey: it's telling you there's flights to quality and the panic is not anything more than what would been. this is a relatively muted reaction in equity markets and fixed income opportunities. tom: does it provide opportunity for investors or is everyone frozen waiting for the diplomacy in brussels to play out? jeffrey: it's hard for investors because at the center of our

it's a viable alternative black rock road would get you around this egypt road closure. milling and paving work starts today 8:00 a.m. through 5:00 p.m., next couple of weeks they will be tearing up and repaving slicer valley road and old bethlehem road. watch out for cable on north church street. >> a frantic search is underway for a kentucky woman who has been missing for more than a week. crystal rogers has been missing the only clue has been her car found on the side of a road with a flat tire. her sister raised concern about her live in boyfriend. he claims to have nothing to do with the disappearance. 75,000-dollar reward is being offered for her return. >>> a man died in custody after being peppered sprayed by officers. when he saw officers he bolted and fled into woods. he resisted arrest twice even after being peppered sprayed. he said he was having trouble breathing. they immediately called paramedics but he eventually died. investigators are looking at dash cam footage to find out what happened. >>> apple reportedly unveiling it's latest music player. >> repor

the truck landed on its side at black rock road at hollow road in upper providence. police say five people were hurt, they were evaluated on the scene. police are determining who or what caused that crash. >>> cleanup continues today and all weekend long after not one but two tornados touched down in the area. one of the twitters destroyed the blue mountain school in berks county thursday night. the high winds ripped the roof off, the prince was inside the school -- the principal was inside the school at the time. she said the weather before gave little warning that a tornado was about to hit. >> i heard hard rain and then i heard the wind, i was like oh, wow, when the ceiling tile was flying at me, i knew it was more than strong winds. >> school officials hope students can attend a sister school school around the corner when classes resume next month. >>> in new castle delaware, a tornado snapped telephone pole and hit a mobile home park. a mobile home twark -- park was left damaged and three homes destroyed. visit 6abc.com there you'll find live satellite images an

the truck landed on its side by black rock road by hollow road.ople were hurt, police are determining who or what caused the crash. >>> police are searching philadelphia's crescentville section for a gunman. around 9:45 a man was shot multiple times including in the face. it happened on the 500 block of hill creek drive by hill creek apartments. the man was rushed to einstein in critical condition. >>> there are starting details about dylan roof the alleged gunman who went on a killing spree inside a charleston church. fbi director said that shooting should have never happened. the admission came hours after the confederate flag was removed from the south carolina capitol grounds for the last time. mary bruce has the details. >> reporter: a stunning heartbreaking admission from the fbi director about last month's massacre in a south carolina church. the cooled killer dylan roof should not have been able to buy a gun. the national background check system failed. roof who was charged with killing 9 people at a bible study at a historically black chu

>> yes, hillary clinton has a lot of friends at golden sacks and black rock and charles mills is on hisboard. >> he is from the state department. >> there is a lot of wall street guys that like democrats and hillary. but on wall street what they are worried about, and these are the big money guys they are petrified by donald trump. he went for the crazies in a sense. it was a brilliant political move. if you are donald trump you want to be on stage with jeb bush. how do i get 15% of the republican vote? i say build a wall on the mexican border and you get that vote. >> in the republican party, haven't the candidates been unable to fight? they have been weaker and apologetic about their health. they are not standing up for the average system and they are milktoast. >> he is personalizing it. i want to point out, there is a great book out by kristen called the silencer. you cannot punish people for speaking their mind all of the time. >> i don't like a lot of the things donald trump is saying and i think it is fair to criticize him. i think he is very damaging to the republican party and

is a >>> plus black rock's peter fisher joins us at the top of the hour. stick around.y's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. >>> welcome back one stock we are watching ahead of the opening bell is am upgrade from hoe, societe generale optimism about the launch of new iphone versions this fall. in other news on the company, wall street firm canacord genuity am earned 92% of the pr

black rock chief investment strategist for fixed income. jeffrey rosen burg good to see you again. take is it is not great. is it good enough for the federal reserve to raise interest rates in september. >> there are a lot of cross currents. you have the current data and also you have the revisions s they came in a little bit weaker than many were expecting. you are seeing it in the market where the short end of the yield curve is reacting to the current data. the back end is rallying significantly. in fixed income that's reflecting a little bit lower, longer run projections for growth. a little bit of cross current coming out of the gdp. >> the bond market is not there, not pricing in a september rate hike. a 40% chance. the ten-year has fallin in july. what happens to this market if the fed does raise interest rates in september. >> the market is pricing in about 50% probability of september rate hike. so what does that say? it means half the market might be surprised and the other half is not surprised. i'm not sure the september rate hike is really going to be that big of an is

conservative strategist black rock senior director lisa boothe, good to have you with us. >> hi, lou. lou: start lisa, with you. 10,000 folks bernie sanders. is that a tilt we're all sensing here? >> that's a lot of people. here look, the difference between bernie sanders and hillary clinton is love him or hate him, bernie sanders stands for something, right? but look the surge we're seeing with bernie sanders isn't happening in iowa, it's also happening in a state like new hampshire. what's problematic for hillary clinton from the latest quinnipiac poll is that hillary clinton has lost 12 percentage points with women. seen a 12% drop with women voters. this is the constituency she's relying on to help propel her candidacy forward. lou: are you impressed with what sanders is doing here? did you ever expect it, rich? >> not quite this, no. i always thought there was a lot of energy to be sucked up to hillarys left. let the record show the hottest thing in the politics is a socialist from vermont. there are people on the left who know democratic politics much better than i do who thinks

black rock's stephen cohen and ubs' geoffrey yu. stephen, will you say the greek topic will not come up again in 2015? stephen cohen: it will come up because a recession is likely. fairly quite important. jonathan: looking back at the summits staying up all night and not sleeping we joke about it. how do they really know that the money they pinpoint they greece needs is the amount of money they greece really needs in the years to come? geoffrey yu: just calculations right now and five higher over the past few years. my hope is they inject it. let's say the imf is involved and we do not use the word -- anymore. reviews and what is next? what actually stabilizes. the tax increases and spending cuts and more pain on the economic side. jen the bank the market react -- jonathan: market reaction. euro is down by 0.4%. what is the key driver? geoffrey yu: depends on what mario draghi says on thursday. ela, is that instability and [indiscernible] if it has we could actually get more stimulus. let's see how it hangs out. jonathan: would you

my belief is that she's getting this straight from the ceo of black rock, a big ceo of wall street, a advisor >> but focus on the capital gains >> think about what she's saying. you're going to be penalized for short-term capital gains. the way this thing -- at least what we've seen so far, we haven't seen the whole plan yet. that speech is coming. >> it's going to penalize you if you cash in and cash out on very short-term capital gains. that's where the efforts are, and goodnights encourage what she would say long-term investing. where is this going? holy spirit hillary clinton looking for a wall street bogeyman. she can't go after bankers because they're all friends at goldman sachs. she can't go after private equity guys like barack obama because a lot of her people are in private equity. so he's going after what's known as the activist investors like nelson pelts, she will make them the bogeyman. it's an easy target and b she's going to say they're only in it for the long term gain >> there's nothing wrong with that strategy >> yeah. i mean listener this is bs. let's be clear her

larry fink from black rock, world's biggest money manager, is one of the people who has been very outspoken about the need for short-term thinking. mckinsey, consulting firm, has a to combatect short-term thinking. these are not radical lefties. do have heard taking deposition does not put her out on the fringe. betty: as you say -- >> there are people who disagree with it, but in the solid democratic mainstream. betty: do you think this will curb long-term thinking? >> i think it could have an effect. i think it will be a heavy lift to ever get it implemented. i think what we seeing is hillary clinton trying to appease the left, which is continuously pulling her politically because of bernie sanders'entry to the race but also maintaining the stance of being electable in the election. we all agree capital gains needs to be reformed. one thing that really needs to be addressed is rewarding job generating activity, like my business, the real estate taxesss, where we all pay at the highest rate at the ordinary income level rate and not the capital gains rate, and we're the ones creating millio

go to black rock center for the arts tonight. >>> in "news4 your health" as we approach 5:36, virginiamong the states where lyme disease appears to be getting worse. certain kind of ticks carry that bacteria that causes it in people. most cases are in mid-atlantic, upper midwestern states. the centers for disease control says the risk for catching lyme disease has doubled in the last decade in traditional high risk areas. >>> sweet briar college said nearly 300 students are scheduled to enroll this year. that's after the 114-year-old woman's college was saved from the brink of financial ruin. president stone said the returning students include the top academic and government lead leaders from the spring semester. >>> hogan strong. new information this morning on maryland governor larry hogan's fight against cancer. >>> and breaking news right now. red light single-tracking between twin brook and grosvenor. more information coming up. >>> welcome back. maryland governor larry hogan is returning to the hospital this weekend for his second round of chemotherapy. the governor has stage 3 n