we have people in blackstone -- it is my objective to demystify blackstone.eople who have expertise in regions and asset classes and industry groups. many families will call up and say i want to talk to dwight scott in your credit area they know dwight is one of the smartest people in credit. they will develop a relationship there. erik: thank you very much. always.eing you, as john studzinski is here to demystify it for us. betty: erik schatzker, thank you. much more ahead on "bloomberg markets." president obama throwing his support to hillary clinton in the race for 2016. we have more analysis on this, straight ahead. ♪ betty: this is "bloomberg markets." on valeaneaking news t. they are said to be working with goldman sachs on a sale of its egyptian drugmaker. the company is trying to reduce as it has been under the gun from everything from allegations of accounting fraud to the criticism in washington about drug price hikes. all of this leading to management turmoil. vonnie: this means in some assets are on the block and getting sold off and the share pri

john blackstone, cbs news, los angeles.ng up next, new tests reveal a danger to passengers in small suvs. >>> and later, this photo helped rally a nation. but it turns out there was something wrong with the caption. >>> today the coast guard recovered a second body believed to be from a sailboat missing off florida's gulf coast. debris from the boat and two kayaks have been recovered. ace kimberly, his two sons and a daughter left sarasota on sunday. they later radioed that they were in rough seas and a thunderstorm. >>> a panel with the cdc has reversed itself, saying there is no evidence that flu mist works. the spray was thought to be the best vaccine to protect children. but the panel says doctors should go back to flu shots. >>> today washington's kennedy center announced its honorees. actor al pacino, gospel and blues singer mavis argentine pianist martha argerich. singer and songwriter james taylor. and the eagles. plans to honor the eagles last year were put off because founding member glenn frey was ill. he died in

he is running unopposed. >> john blackstone, at stanford, thank you. >>> overseas, bombs and booby traps are slowing the progress of iraqi forces trying to retake the city of fallujah from isis. iraq is getting help on the ground from iran and from the air by the united states. today, seth doane reports from the aircraft carrier "harry s. truman" where many of the strikes are launched. >> reporter: this is what pilots see operating from the aircraft carrier. their air strikes are targeting isis. pilot. >> these are precision guided weapons they should strike where they need to. >> reporter: 20% of coalition air strikes, launch from the "u.s.s. harry s. truman." 1800 sortees since december including bomb factories, logistics hubs and stock piles of cash. lieutenant commander paulo singh is matlook's wing man. >> reporter: you are trying to hit everything at the base of the cause, rather instead of pecking at the little guys here and there. >> reporter: was that pecking at the little guys what was happening before? >> no, i wouldn't say that at all. i think that, that the targets have evol

cbs reporter john blackstone on the newly released probation report and the victim's surprising comments. >> reporter: in court documents, obtained by cbs news, brock turner expressed remorse for his actions saying, i would give anything to change what happened that night. i made a mistake. i drank too much and my decisions hurt someone. the former stanford swimmer is serving a six-month jail penalty for three counts of sexual assault. the sentencing itself has become controversial. many call it too lenient. >> the judge really bent over backwards in order to give this young man a light sentence. >> reporter: hundreds of thousands are calling for the judge, who handed down the punishment, aaron persky, to be removed from the bench but others say he was fair. in an interview for the probation report last month, the victim herself said i want him to be punished but as a human i just want him to get better. he doesn't need to be behind bars. >> judge persky did a tremendous job in this sentence. >> reporter: the public defender knows persky well and says he doesn't deserve the backlash he i

here's john blackstone. >> reporter: for fans of led zeppelin the band's attorney peter anderson was a rock star himself today. [ applause ] >> nice job. you protected the best song ever. ♪ >> reporter: the jury's verdict that "stairway to heaven" was not stolen ended a challenge to the origins of one of rock and roll's iconic hits, written more than 45 years ago by jimmy page and robert plant. in correlate today page and plant smiled when the jury ruled they had not copied part of "taurus," a song written by randy wolf in the mid 1960s for his group spirit. but in court the jury never actually heard "taurus." >> we were handicapped. i mean, we had a food stapled to the floor, a hand tied behind our back. >> reporter: francis mallofiy is the attorney for wolf's trust. >> we're working in this alternate reality where the song that jimmy page and robert plant had access to the jurors never got to hear. >> reporter: the only thing the judge allowed the jury to hear was this -- ♪ a guitar playing from sheet music for "taurus" filed for copyright in the 1960s. the jury did not hear "tauru

john blackstone is following this. >> 20-year-old brock turner is now in jail serving his six month sentence for sexual assault. a sentence many find so lenient that more than 400,000 people have signed an online petition demanding that the judge aaron persky be removed from the bench. key witness in the case against turner was riding his bike with a friend down a dusty trail when they stau turner on top of the victim. >> we called him out. and the guy ran away. my friend peter chased after him. we detained him until the police came essentially. >> she was unconscious? >> she was unconscious. >> in a searing letter that has now been read by millions on line at nonmuss victim thanks two men who saved her. but most words are aimed at turner, a former stanford swimming star you. made me a victim. in newspapers my name was unconscious intoxicated woman. while you are the all american swimmer at a top university. the letter has had a particularly powerful impact on campuses across the country. according to a poll last year, one in five college women say they have been sexually assaulted. >> it is

but six months is really shocking. >> reporter: john blackstone, cbs news, milpitas, california. >>>good news for detroit. early this morning, the michigan legislature approved a $617 million bailout plan for the detroit school system. 46,000 students attend the detroit school system, plagued by plummeting enrollment, deficit, and academic issues, it has been managed by the state for seven years. under the legislation, the district would be split in two, and control returned to an elected school board. governor rick snyder is expected to sign the measure as soon as it reaches his desk. >>> hundreds have been forced to evacuate from a wildfire that's threatening homes near the town of yarnell, arizona. fire officials say the fire is growing rapidly and has burned up to 700 acres northwest of phoenix. pushed by strong winds, the fire destroyed several outbuildings and left more than 1,000 customers without power. if yarnell sounds familiar, that's because back in 2013 yarnell was the scene of a fire that killed 19 hot shot firemen. >>> an overflow crowd is expected in louisville tomorr

john blackstone, cbs news, oakland. >> ninan: well, coming up next, an expert found something in this an error of historic proportions. t, inciate. t, inciate. upext,ingurnsfter 40ers to c.on.

he's running unopposed. >> pelley: john blackstone at stanford for us. john, thank you. well, overseas bombs and booby traps are slowing the progress of iraqi forces that are trying to retake the city of fallujah from isis. iraq's getting help on the ground from iran and from the air by the united states. today, seth doane reports from the aircraft carrier "harry s. truman" where many of those strikes are launched. >> reporter: this is what pilot sees operating from the aircraft carrier. their air strikes are targeting isis. lieutenant matthew matlock is a u.s. navy pilot. >> these are precision-guided weapons so they should be able to strike their targets exactly where they need to. >> reporter: roughly 20% of coalition airstrikes launch from the u.s.s. "harry s. truman," 1,800 combat sorties since december. that includes the militants' bomb factories, logistics hubs, even stockpiles of cash. lieutenant commander paolo singh is matlock's wingman. >> we have taken 45% back of what isil has been claiming you're trying to hit everything at the base of the cause. instead of

we learned what the attacker had to say to the judge, and here is john blackstone. >> reporter: before brock turner was sentenced on three counts of sexual assault, he pleaded with the judge not to be sent to prison, and he apologized for his actions. but in the letter obtained by cbs news, turner fails to take full responsibility, instead blaming "the party culture i briefly experienced in my four months at school." at stanford drinking alcohol, he wrote, became "what i expected when spending saturday with friends." in spite of being found guilty, turner insistses what happened that night was consensual. "at no time did it ever occur to me that shooefs too drunk to know what we were doing." the victim's own letter to the judge condemns turner refusal to acknowledge she was unconscious. judge aaron persky's controversial sentence of just six months in county jail was based, the judge said, on turner's youth and lack of prior offenses. the judge also received 39 letters of support, a hool teacher wrote, "i would completely trust brock turn wer my daughter." law professor evan lee, an ex

that is a steep price to pay for 20 minutes of action. >> well, that was john blackstone reporting.urner's sentence has sparked outrage, and others are calling for the judge to be removed. the prosecutor says while he disagrees with the sentence, the judge should not be removed. >>> no charges will be brought against the mother of that 3-year-old who got into the gorilla exhibit in the cincinnati zoo last month. zoo officials had to kill the gorilla to protect the boy. prosecutors say the boy just scampered off when his mother turned her head for a few seconds. the family says it's pleased with the decision. the zoo's gorilla exhibit reopens today with higher barriers. >>> coming up on the morning news, the story behind the escape. investigators reveal how two inmates at a new york prison easily broke out last year, triggering a tense manhunt. >>> and later, we get a new look at o.j. simpson. this is the "cbs morning news." simpson. this is the "cbs morning news." i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control m

john blackstone is covering the fires. >> reporter: this afternoon two separate wildfires ignited and merged into one massive inferno in the san gabriel mountains about 30 miles north of downtown los angeles. >> there's a lot of homes here. they're really close to the fire. >> reporter: thick plumes of smoke hovered over densely populated neighborhoods as tankers rushed to snuff out the flames. a pilot captured this video while battling the fire from the air. near san diego, new evacuations were ordered as a fire burning near the mexican border grew to 1,900 acres. fire broke out sunday and forced about 800 people from their homes near the community of petraro. a house fire in the los angeles neighborhood of silver lake jumped into vegetation then burned across two busy freeways that had to be closed on sunday. firefighters tried to avoid succumbing to almost 100-degree heat. in santa barbara county, the ferocious sherpa fire that started last week has devoured nearly 8,000 acres, but so-called sundowner winds, known for pushing fires down these hillsides, still pose a threat. cal fir

john blackstone, cbs news, oakland. >> ninan: well, coming up next, an expert founding? this famous photo, an error of historic proportions. they keep telling me "drink more water." "exercise more." i know that. "try laxatives..." i know. believe me. it's like i've. tried. everything! my chronic constipation keeps coming back. i know that. tell me something i don't know. tly from laxatives. linzess treats adults with ibs with constipation, or chronic constipation. it can help relieve your belly pain, and lets you have more frequent and complete bowel movements that are easier to pass. do not give linzess to children under 6 and it should not be given to children 6 to 17. it may harm them. don't take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain, especially with bloody or black stools. the most common side effect is diarrhea, sometimes severe. if it's severe stop taking linzess talk to your doctor about managing your symptoms proactively with linzess. i've been blind since birth. i go through periods where it's hard

john blackstone, cbs news, los angeles. >> pelley: coming up next on the cbs evening news, new testsl a danger to passengers in small s.u.v.s. and later, this photo helped rally a nation but it turns out there was something wrong with the caption. ing to relieve my pn and protect my joints from further damage. this is humira helping me go further. humira works for many adults. it targets and helps to block a specific source of inflammation that contributes to ra symptoms. doctors have been prescribing humira for over 13 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened, as have blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. ready for a new chapter? talk t

here's john blackstone. >> reporter: at his sentencing on three felony counts of sexual assault, brockuld have gone to prison for 14 years. instead he will spend just three months in the county jail. turner is a former stanford university swimming star. his 23-year-old victim, who is not a stanford student, is anonymous, but her emotional 12-page statement to the judge is quickly coming to represent every woman sexually assaulted on campus. she wrote, "i don't want my body anymore. i was terrified of it." she admits to drinking too much at a fraternity party and blacking out. she was discovered nearly naked on the ground behind a dumpster. turner claims she consented. she wrote, "his attorney constantly reminded the jury, the only one we can believe is brock because she doesn't remember." that helplessness was traumatizing. addressing her attacker she said, "you took away my work, my privacy, my energy, my time, my safety, my intimacy, my confidence, my own voice. " >> her words resonated with people, not just locally in our county, but all across the nation and all across the world. >

time off for good behavior, scott, he could be released as early as september. >> pelley: john blackstone reporting for us. john, thank you. tonight, cbs news exposeses an insurance scam, and it turns out you, the taxpayer, are the victim. it seems especially egregious because members of the u.s. military are being duped to help pull off the fraud. here's jim axelrod. ♪ ♪ >> reporter: with its pulsing music, this club in west hollywood, might not seem like like the ideal location for a business meeting. but this was where we were inviteed by dustin warren, a salesman work a lab that does genetic testing and drug screening. we record the meeting undercover. warren gave us a test of the hardball pitch he uses to get doctordoctors to order the test. >> reporter: with the right contacts, he told, we could expect to make big money. thanks, in part, to genetic tes that assess cancer risk. he said military insurance, called tricare, reimburses the most for a single test. the tests are conducted and bill billed by a lab in dallas, cockerell dermapathology, which also offers another test, a drug s

here's john blackstone. >> reporter: at his sentencing on three felony counts of sexual assault, brock turner could have gone to prison for 14 years. instead he will spend just three months in the county jail. turn ter, a former stanford university swimming star his 23-year-old victim not a stanford student is a nonmuss. but her emotional 12 page statement to the judge is quickly coming to represent every woman sexually assaulted on campus. she wrote, i don't want my body anymore. i was terrified of it. she admits to drinking too much at a fraternity party and blacking out. she was discovered nearly naked on the ground behind a dumpster. turner claims she consented. she wrote, his attorney constantly reminded the jury the only one we can believe is brock, because she doesn't remember. that helplessness was traumatizing. addressing her attacker, she said, you took away my worth, my privacy, my energy, my time, my safety, my intimacy, my confidence, my own voice. >> her word resonated with people not just locally in our county but all across the nation and all across the world. >> report

john blackstone is covering the fires. >> reporter: this afternoon, two separate wildfires ignited ande really close to the fire. >> reporter: thick plumes of smoke hovered over densely populated neighborhood as tankers rushed to snuff out the flames. the pilot captured this video while battling the fire from the air. near san diego, new evacuations were ordered as a fire burning near the mexican border grew to 1900 acres. the fire broke out sunday, it forced 800 people from their homes near the community. a house fire in the los angeles neighborhood of silver lake jumped into vegetation then burned across two busy freeways had that had to be closed sunday. fire fighters try to avoid succumbing to almost 100-degree heat. in santa barbara county, ferocious sherpa fire that started last week devoured nearly 8,000 acres, the so-called sun downer wind known for pushing fires down these hill sides, still pose a threat. cal fire unit chief scott gelbert directing the battle there. >> this is not done yet. tonight can surface, hit the fire, push the fire back to square one. >> even here where

and here its john blackstone. >> before brock turner was sentenced on three counts of sexual assaulte pleaded with the judge not to be sent to prison and he apologized for his actions. i wish i could just take it back. i can't believe i imposed such suffering on the victim. and i am so sorry. but in the letter obtained by cbs news, turner fails to take full responsibility. instead, blaming the party culture i bri my four months at school. at stanford, drinking alcohol he wrote, became what i expected when spending saturday with friends. in spite of being found guilty. turner insists what happened that night was consensual. at no time did it ever occur to me that she was too drun tubing know what we were doing. the victim's own letter to the judge condemns turn ear's refusal. some one who cannot take full accountability for his actions does not deserve a mitigating sentence she wrote. judge aaron persky's controversial sentence of six months in county jail was based, the judge said, on turner's youth and lack of prior offenses. the judge also received 39 letters of support. a high sch

and exclusive interview with blackstone's global head of real estate jonathan gray, says prices wille even if the fed hikes rates. much more ahead on "squawk on the street." ♪ using 60,000 points from my chase ink card i bought all the fruit... veggies... and herbs needed to create a pop-up pick-your-own juice bar in the middle of the city, so now everyone knows... we have some of the freshest juice in town. see what the power of points can do for your business. learn more at chase.com/ink see what the power of points can do for your business. i am a first responder tor and i'emergencies 24 hours a day, everyday of the year. my children and my family are on my mind when i'm working all the time. my neighbors are here, my friends and family live here, so it's important for me to respond as quickly as possible and get the power back on. it's an amazing feeling turning those lights back on. be informed about outages in your area. sign up for outage alerts at pge.com/outagealerts. together, we're building a better california. >>> ralph lauren out with its restructuring announcement follo

has hired boutique investment bank blackstone to sell the patent.gmented reality headset looks anything like the patent filed earlier this week, it may be luke skywalker proved. the magically headset will include vision slips so users can see their actual surroundings. the secretive startup has raised 4.5 billion dollars from the likes of google and ali baba. coming up, france is looking to build a reputation as a tech have. and if you like bloomberg news check us out on the radio. west next.erg ♪ mark: donald trump is distancing himself from his own fundraising estimate of $1 billion. he tells bloomberg politics he will rely on his star power to earn free media. he also says he is considering former -- four or five politicians including former running rivals as mates. india's prime minister told congress that robust cooperation will benefit both nations. >> we trade more with the u.s. than with any other nation. the prime minister also agree to ratify the paris trade agreement. he did democrats will meet in the runoff for california's open ..s. sen

>> john blackstone reporting for us. thank you. >>> tonight cbs news exposes an insurance scam. and it turns out you, the taxpayer, are the victim. it seems especially egregious because members of the u.s. military are being duped to help pull off the fraud. here is jim axelrod. >> with its pulsing music this club in west hollywood may not seem like the ideal location for a business meeting. but this was where we were invited by dustin warren a salesman working with a lab that conducts genetic testing and drug screenings. we recorded the meeting undercover. >> the opportunity is absolutely there. >> warren gave us a test of the hardball pitch he uses to get doctors to order the tests. >> if you're not doing this you're a pile of [ bleep ]. you don't care about people. you don't care about cancer. and you don't care about your patients, bottom line. >> with the right context, we could expect to make big money. >> 60 [ bleep ] grand a month. thanks to genetic tests that assess cancer risk. he said military insurance, tricare reimburses the most for a single test. >> we were bangin

black hiring these companies -- this is a cyber security company, it's backed by big names like blackstoneiner perkins. this is a company that is making moves and taking steps toward going to market, which is an unusual thing these days. tech ideas,k across one of the big complaints is there's no supply here. this one is taking the steps to go public and give an exit. emily: mark andreessen yesterday says ec's a lot of pent-up ipo demand. entries in horowitz is counseling their companies to be ipo ready. alex: which hasn't really been the case. as i cannot here, there seems to have been a shift. was this idea talking to vcs and executives saying we don't want to deal with reported quarterly results. it seems like there has been a reality check injected in which has set this timeline for 2017. and the demand side ring is interesting. we have had this year where investors have then a verse to risk. a lot of the demand earlier this year was just not there for we are out -- we are at this turning point were offerings have gone well and the buy side has set i want a little more risk. i want som

is set in northern california so pixar sent a team of animators to check it out and we sent john blackstonenterey bay aquarium, the underwater view of the kelp forest is a highlight. but perhaps no one has study the wonders of this kelp in the same detail as steve pilcher. >> put little bits of leaves or little bits of bubbles on the surface you have a beautiful ceiling for characters. >> reporter: what filcher saw at aquarium. >> if you are trying to get. >> reporter: movie-goers will see on the screen in the movie finding dory. a production designer at pixar used aquarium as inspiration for the animated world of finding dory. finding dory picks up ape year after the blue tank successful mission to help marlin mcclown fish find his abducted son, nemo. >> no, this is crazy. where are you trying to go. this time, dory, voiced by ellen degeneres trying to find her long lost parents. >> dory, across the ocean. >> the forgetful dory and friend find their way from the great barrier reef off to the california coast. >> dory, there you are. look out. look at this. our friend got taken into whateve

they're doing their best right now. >> reporter: for "cbs this morning" i'm john blackstone. >>> and we're about to hear new information from 911 calls during the deadly siege at orlando's pulse nightclub. tens of thousands held a vigil in orlando last night honoring the 49 people killed in that mass shooting eight days ago. >> and there were more farewells to the victims over the weekend. and later today the family of brenda mccool will hold her funeral in orlando. she was the mother of ten who died shielding her children. jeff, good morning. >> reporter: good morning. there will be a news conference within the hour. the attorney general says the 911 transcripts will show what the killer was thinking and doing inside the pulse nightclub. by the time he made the calls, he'd already trained his guns on many of the victims. during the three-hour ordeal inside pulse nightclub, the killer called 911 twice and then hung up both times. but by then police had his phone number and called back. on "face the nation" u.s. attorney general loretta lynch said there were three calls altogether. >>

john plaquestone is outside the -- john blackstone is outside the facility in milpitas, california.ing. >> reporter: good morning. the documents reviewed by the judge ahead of turner's sentencing include dozens of letters from his family and friends, as well as his own statement to the court. also thoughts on his punishment after he was found guilty in and she calls for treatment rather than incarceration. in court documents obtained by cbs news, brock turner expressed remorse for his actions, say, "i would give anything to change what happened that night. i made a mistake. i drank too much, and my decisions hurt someone." the former stanford swimmer is serving a six-month jail penalty for three counts of sexual assault. the sentencing itself has become controversial. many call it too lenient. >> the judge really bent over backwards in order to give this man a light sentence. >> reporter: hundreds of thou judge who handed down the punishment, aaron persky, to be removed from the bench. others say he was fair. in an interview for the probation report last month, the victim herself sa

these are very blackstone. too hard. >> roger from hoboken, new jersey.how. >> what a turn around. >> what do you think of valley national? >> i like valley nat. my supermarket manager's from there. i like local banks a lot more than national ones. >> a big boo-yah from chatham town-. >> what's going on. >> astrazeneca, buy, hold or sell? >> don't like it as much as know rar var tis. i think you do better with bristol-myers. >> aig, with the possibility of a breakup and hancock opposed to it, is it time to sell? >> stock's back to 52. i'm concerned. i spent some time with the ceo. they have a long-caterm care business, it's not going to explode higher. traveler's is the better one. and that is the conclusion of the lightning round. [ applause ] ♪ >>> the lightning round is >>> the lightning round is sponsored by td ameritrade. wow, that was random. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any ch

. >> this doctor specializes in sleep apnea caused by obesity and treats gregory blackstone.this is a cpap, known as the continuous positive airway pressure. mary annette davis is still waiting for the results from her sleep study. she should know conclusively if she has it by next week and then she can map out a course of treatment with doctors. >> cpap machines are popular with doctors but not with patients. one study says that half of all the patients who get them stop using them within the first week. >> surgery can help with sleep apnea but only in very severe cases. diet and exercise, particularly for those overweight, has been known to help if you are having milder symptoms. >>> this morning, the cdc says the flu vaccine doesn't work well and should not be used this year. flumist stimulates the immune system and it is sprayed up the nose instead of in a shot and some cases have been more effective than injection. this accounts for one-third of vaccines given to kids but it's not going to happen this year. >> sorry, kids. >>> autism glass therapy runs on google glass an

so did our john blackstone. >> reporter: for many visitors to california's monterey bay aquarium, theelp forest is a highlight. >> if you look at the surface -- >> reporter: perhaps no one has studied the wonders of this kelp in the same detail as steve filcefilc fil filcer. >> when you put leaves or bubbles, you've got a beautiful scene for the creatures. >> reporter: what he saw -- >> if you're trying to get to the open exhibit, go through the pipes. >> reporter: moviegoers will find in "finding dory." the production designer at pixar used the aquarium as inspiration for the animated world of "finding dory." >> i love my family! >> reporter: "finding dory" picks up a year after the successful mission to help marlon the clownfish find his abducted son, nemo. >> he's crazy. >> reporter: this time it's dory, voiced by ellen degeneres, hoping to find her long-lost parents. >> no, california's all the way across the ocean. >> then we better get going. >> reporter: acting on a fake memory, the forgetful dory and friend find their way from the great barrier reef to the focalirnia coast. >>