michael bloomberg of bloomberg or of jamie dimon a j.p. morgan these are the new honda the new honda remember the hunt back in the seventy's a totally screwed up in a country where the troika is the new one would be the other thing about this oil dump on to the markets is that obama now gets to claim that he's tough on speculators all those speculators driving up the cost of oil and gasoline well of course only speculators only these top guys these hedge funds these are world traders make money on the downside right contango why the release of oil from the s.p.r. is a doomed idea by dumping sixty million barrels of oil on the market or saying they're going to announcing a head of time the price of oil has fallen. today in the market today not in the future now traders are able to buy this oil cheap from the u.s. government from the japanese government from the south korean government france and germany they're able to buy it today at this ninety dollars price of her w t i a hundred and ten dollars price for brant they will to buy that and

i mean max kaiser this is the kaiser report things you never knew about michael bloomberg but first let's check in with stacey heard stacey max you know we've been talking about suicide bankers around the world and they are out in full force this latest week but at the start of the week i want you to look at this image from outside of their crop elice when it was taken over by the communist party union in athens the people's house of power never surrender organize counter attack is the counterattack in athens joining the global insurrection against banker occupation over there in cairo they're well ahead of the curve and they're rejecting all i.m.f. world bank loans and all these protests are going to can join to become the global movement and by the way for you fricken so-called communist masses you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism got nothing to do with your problem something exactly actually the quote is we will strengthen our struggle with people from all over the world against capitalist brutality in order for the brutal mea

new york city and they say they aren't leaving until mayor bloomberg takes back his budget cuts. so just how badly do u.s. want to get their hands on alleged russian arms dealer viktor well the answer is just to wiki leaks cables away we'll have more on that case. good afternoon it's thursday june sixteenth four pm here in washington d.c. i'm lauren lyster and you're watching our team take a look at the big news coming from capitol hill today. we're waiting for anthony weiner to walk through that door go up to the microphone and announce that he is resigning from the u.s. house of representatives and this is congressman anthony weiner about to announce his resignation let's listen and so today i'm announcing my resignation from congress. so there you have it he's almost exactly four minutes for a lot of anger in that room for the hackling are there seeds of a potential if he were to come back in that. believe it or not winner's resignation is not the most important news you need to know coming from the nation's capital as united states continues its military intervention in libya

york city and they say they are not leaving until mayor bloomberg takes back his budget cuts. so just how bad did the u.s. want to get their hands on alleged russian arms dealer viktor booth well the answer is just a wiki leaks cable away we'll have more on that case. out just a day in the life of a new york city bicyclist so what is with the happy find there anyway should the police be protecting citizens and not to mention bikers instead. good evening it's thursday june sixteenth eight pm here in washington d.c. i'm lauren lister in you're watching our t.v. well take a look at the big news coming from capitol hill today if you haven't already seen it let's roll that tape. maybe this is a theory is right now anthony weiner about to announce his resignation so today i'm announcing my resignation spoil lot of anger in that room totally for the warning for almost exactly four minutes he has hit rock bottom or there are seeds of a potential if he were to come back in that maybe this was just the beginning of the healing but not the end of his political career for minutes it's bee

how is bloomberg doing progress of journalism? we may be thinking about different definitions of what that is. i'm not sure if the segue from that into investigative journalism made a lot of sense to most people's thinking in terms of how that is defined. >> have another question? >> i am a local free-lance journalist here. a couple of years ago, i had a friend. we were trying to figure out the feasibility of starting a nonprofit journalism in denver, and i remember coming across this corporate structure that i believe vermont, maybe one other state, uses in the country, but it is called a low profit limited liability company, and it is a structure that is meant to allow for profit but also to allow for tax-exempt status for donations. i found it really interesting. i found it surprising that other states did not have a similar model. this could also be a model to help budding companies in the future by allowing them more flexibility in how they acquire financing. i'm curious how many of you on the panel are familiar with this typ

york city they say they are moving until mayor bloomberg takes back his budget cuts. just a day on the life of a new york city cyclist so what's with the have to find there anyway should the police be protecting citizens and not to mention bikers and said. good evening it's thursday june sixteenth it's five pm here in washington d.c. i'm lauren lyster and you're watching r.t. well take a look at the big news coming from capitol hill today. we know we're a leaner and meaner leader wiener. and maybe this is the theory is right now anthony weiner about to announce his resignation so today i'm announcing my resignation from congress. for a lot of anger in that room socially for the morning for almost exactly four minutes he is here rock bottom are there seeds of a potential if he were to come back in that maybe this was just the beginning of the healing but not the end of his political career those four minutes all over the mainstream media and believe it or not wieners resignation is maybe not the most important news you need to know coming from the nation's capital as t

a loud no to bloomberg proposed budget cuts that would throw more jobs out the window. right next to. the banks are sitting on trillions of dollars of our money. we're going to stay here until we get it we want to make sure we're all prepared so here we actually have pillows this resistance is inspired by global outsourced to protests over the last year not only of the governments here in our country but the governments abroad don't seem to want anybody to have any kind of subsistence of living. any citizen journalists are here in the stream media is not once you go outside the. you go outside the herd and you start covering that unions and workers are are fighting against cutbacks from a powerful mayor and they want wall street to a higher tax well those are likely your sponsors if you're a big commercial t.v. news operation as the media treads carefully around the issues the people's anger is growing ok. so how many will be camping out here for the media shaken out of that self-imposed oblivion to report what matters. well after the g.o.p. debate in new hampshire the

that's the subject of a story in "bloomberg markets magazine" that hits newsstands tuesday. seth lobove is a senior writer for "bloomberg markets magazine." he joins us from los angeles. seth, most index funds are based on market capitalization. so how else are they building built. >> everything except market capitalization. in the case of something called a fundamental index they use such measures as cash flow, dividends, sales, book value. basically anything other than the market capitalization. >> tom: certainly a much different way to build an index fund and really a market contest that you write about between the strategy most notably used by john vogue elf vanguard and rob of research affiliates. what do they think of each other's strategy are not fundamental-based strategy versus the market cap weighting of index of vogel. >> in a word vogel has called this witchcraft. he thinks that it's oversold, that it is basically repackaging of old conten content-- concepts such as value investing, are not counters that the problem with traditional market cap weighted indexes is

. >> ellen has more from new york at bloomberg headquarters. >> first, a check of the markets. looks like finally we will see stocks opened higher, optimism that there's going to be a workout for greece. the chief economist for the white house will return to his teaching position at the university of chicago in time for the start of the school year. so far, three of obama's top economic advisers aboard left the administration. a study published by the national bureau of economic research finds students tend to not do as well on tests in states with higher than average levels of unemployment. researchers say that's one reason is stressed out teachers tend to have students who perform poorly. and high unemployment and caused foreclosures and property values to fall. since most school districts get their money from property taxes lower revenues can cause schools to cut programs. the latest survey by real estate data firm says 40% of homeowners who took out a second mortgage to cover costs like medical bills and vacations are now under water on those loans. is nearly twice the rate

i worked at bloomberg 15 years ago, and i was in europe as a foreign correspondent. there were 40 journalists, and now, there are thousands. i think it depends on the interests of certain people, but they are being tapped, and you can get them to lend to foundations and do this type of stuff. it is just creating the bridge from the journalism world into that world, and it is not as hard as you would think, in my experience. >> i would just say that a few of those individuals you had mentioned are not examples of the types of progress of journalism that i think a lot of people are here to talk about and listened of route -- was it about. these guys are kind of villains in a sense of where we want journalism to go. fox news and the daily, who knows where that is going to go, but they are not necessarily public-interested, public radio, public tv, public press minded people. >> that is an opinion that has probably been ill-served in my opinion, having worked in two of those companies and seen the dedication that they give to dedication that they give to journalism

jane king with the bloomberg business report. >> good morning. uh-oh. may be running in legal problems collecting credit card debt. jp morgan chase reportedly dropped more than 1,000 credit card collection lawsuits in states including new york, new jersey, florida, illinois and california. since april. lawyer for debt collection cases in florida tells the "wall street journal" it's being dropped because of paperwork irregularity. chase and other creditcard issues are used fraud leapt documents to collection. a source tells bloomberg new york, california, texas and ohio are in early stages of investigation in the dominance of the internet. you might see a drop in gas prices, but it might not last. regular unleaded could fall to $3.40 a gallon. because of decision to tap in reserves. am lists say the drop may be short-lived because of unrest in the middle east. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> authorities say a south san francisco man who took a woman's dog from the arms last week will not be prosecuted

bloomberg silicon valley is trading up half a percent. the next iphone. analysts saying that the next iphone may not come out until september or early october. meaning apple could see a failed slowdown. in the back to school shopping month of september. the am lists say the less -- analysts says the less expensive miny iphone is critical to expand the ishare. that's another product for to us talk about and speculate about. jane king, bloomberg news. >> thank you very much. >>> 6:49. more news. the national park service is celebrating the first day of summer with a freebie. it's allowing free entry today in every national park in the country. that means you can enjoy spectacular sites like the waterfalls in yosemite. for free. the usual fee to enter the park is $20 per car. the heavy snow run off has the rivers and streams in yosemite running full of water. >> you got a chance to see those recently. they're spectacular. >> this is a day to stand under one. >> 30-degree weather was still wonderful. >> it averages out. 100 degrees, 30 degree

here is jane king with the bloomberg business report. >> the new iphone is coming.e is coming. apple is planning to introduce it in september. not in june or july. the new model has a stronger chip. a faster chip could help them compete with other new products. ford adding blow-up belts to the back of the ford flex about lincoln vehicles. it's right now only in the 2011 explorer suv. ford says it's safer for young children and elderly. "l.a. times" is going to unveil a bigger prius in september with hatchback hybrid and designed to appeal to young families. i am jane king with the bloomberg business report. >> the economic down turp looks like a thorny problem for the annual rose parade. some critics say budget problems will force them to drop out of the new year's day event or scale back the floats. west covina is a city that says it won't have a float at all because it doesn't think it can raise enough money. long-time engrant glendale says budget crisis has them considering out of next year's parade. >>> two new polls suggest that fellow mormons jon huntsman and

bloomberg news found out apple plans to introduce the device in september. it will have a stronger chip for processing data. and there is folks -- folks and giving borders more time to find a buyer, a spokesperson says borders plans to file a proposal to sell itself at auction with a guaranteed buyer. that is business news. with the bloomberg after the bell report. >> so if you've got a 20? maybe more? then you have air fare to vegas from the bay area, details on the deal ahead. >> here is an offer airk product to do what they've promised to do. >> this is really good. >> what so called slim suits take off inches in just seconds from now. 7 on your side is coming up. >> and later on the news at 5:00 ex the bay area's afghan community weighs in on what >>> this is the view from atop mount tam looking down at sausalito. warm, sunny and a thick layer of fog there. spencer will have a look at the forecast in just a few minute autos important question here, who doesn't want to look thinner? especially in a bathing suit? there are a lot of swim suits out there tha

here is this morning's bloomberg business report. >> good morning.ce to their menu. meantime. they have agreed to buy operations of img. it would make capital one the sixth largest lender. and toyota they say the recovery is going faster in north american auto plants will return to normal in september. uncle sam still wants you, but employment is still high but the pentagon recruitment has plunged since the 2008 peak. >> at the new york stock exchange, the bloomberg business report. >>> a book signing in san francisco didn't go as planned for republican presidential candidate tim pawlenty. two members of the activist group code pink dumped it will are on the table where he was signing copies of his book courage to stand yesterday. he posted this video on youtube. one of the activist repeatedly asked to stand for reproductive and gay rights. >>> democrats are seizing on off the cuff moment by presidential candidate mitt romney during a campaign appearance in florida. he talked with out of work floridians. >> my story, i'm also unemployed. >> the crowd

of new york concerned citizens are speaking out against the latest proposals from mayor michael bloomberg proposals that could leave even more people unemployed as they see it in the shed light on what's being called bloomberg ville. this summer the u.s. media is buzzing with these burning hot stories that you missed to hear or see even believe you me you do not want to see if it's true what's the relationship like between casey and her parents and how is it now that she's accusing her father of sexual abuse the masterminds of big t.v. networks are new deep in this historic news coverage who could believe that congressman weiner's pictures or not pictures could be the number one story on capitol hill sixty tweets of a congressman are being stretched to the likes of the lewinsky scandal i did not have sexual relations with that woman. who was looking right at me when he said that and every detail is getting sucked out of a child murder case she's looking. she looks pale in the fray are with her here back in a ponytail at a cheerleader. meanwhile new york city has seen the small town of its

the bloomberg maryland index was also lower. i'm jane king for wbal-tv 11 news. >> 6:20. 63 degrees on tv hill. >> the orioles can usually count on jeremy guthrie. >> don't forget to e-mail us your response to our water cooler question of the day. what's your opinion of the current field of republican presidential candidates? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> here is a look at last night's winning maryland lottery numbers. good luck. [ whistling ] ♪ ♪ [ male announcer ] discover the unexpected beauty and man-made relaxation in northwest florida. and only at southwest.com can you get our nonstop flights from bwi airport to panama city beach. [ ding ] >> now traffic pulse 11 and insta-weather plus together. >> a jam-packed ride for motorists on southbound 95 into howard county. to the lay spread back to 32 -- the delays spread back to 32. watch accident. -- watch for that accident. 295 is a better bet. the same situation at river fire activity. a

they tell bloomberg they're in talk with boeing and air bus to buy 280 new narrow-body jets.is could end up being a record-setting deal. speaking of deal, living social? talks with the investment bank with initial public offering. the daily coupon website could be valued at $15 billion. larger rival groupon in the process of going public. if you didn't know, today is the second annual social media day. the day was created last year by the news website mashable.com. they celebrate media becoming social. companies with sports team like major league baseball using the event to offer sweepstakes and special deals. men with children appear to work harder than those who don't have children. fathers with kids in their lives work three hours more a week than those who don't have them. i'm jane king with the bloomberg business report. >>> texas governor rick perry is visiting california and planning to meet with supports in sacramento today. he is expected to speak with dozens of republicans who want him to run for president. they include business leaders and members of the state legi

bloomberg reporter jane king joins us live from the new york stock exchange. much heavier, jane? >> internet traffic could quadruple. that's what they are predicting. they should know. they say more than 40% of the global population will be online by then contributing to a zetabyte of traffic. that's a trillion bytes if you are wondering. a big legal settlement between individuals harmed by the violation of americans with disabilities act. the bank agreed to pay $16 billion to resolve the claims that the bank wouldn't do business with the deaf and hearing-impaired people trying to contact the bank. check that number. it might be 16 million. the hearing-impaired callers were referred to phone line for the deaf but the calls were never answered. the bank said some call centers stopped accepting the call because of the fraud concern. it's 16 million by the way. 16 million. the dow and s&p, nasdaq, trafding lower this morning. we got news about the jobs here today. the private payroll process adp says 38,000 jobs added in may. we are expecting five times that many

here is jane king with the morning's bloomberg business report. >> good morning.l problems with the prius. toyota recalling more than 50,000 priui in the u.s. because of a power steering problem. good news for iphone fans. japanese website showing the iphone 5 could come out earlier than expected. august or late july instead of september. tech blogs saying that the website says the new iphone will have a better camera and built-in antenna to support both at&t and verizon. angry birds coming to television. starting later this year, the top iphone app will be available on your tv. you do need to buy a new player this year as they move the web-enabled tv game market dominated by sony, nintendo and microsoft. a huge amount of eco data, including auto sales. rally mode in wall street yesterday that optimism that greece would get another bail-out. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> several medical experts are criticizing a move by the world health organization to list cell phones as possible cancer causers. the world he

two big recalls you need to know about this morning. >> jane king with the bloomberg business report.orning. toyota recalling more than 45,000 highlander hybrids. almost 37,000 lexus rx-400h hybrid vehicles in the u.s. because of a problem with the transistor that is causing the heat damage to make the vehicle coast to a stop. from the driveway to the medicine cabinet. extra strength tylenol being recalled. because of a musty odor that is leaked to chemical that could temporary gastrointestinal symptoms. and bank of america settlement agreeing to pay $8 billion to put issue to rest. virtual game-maker set to make real money. the maker of farmville zengha is going public. they say they filed the paperwork for ipo today. and plans to raids $1 billion -- raise $1 billion to sell the stock. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> a new landmark study on breast cancer screenings indicate the procedure can dramatically cut the number of breast cancer deaths. researchers in sweden followed 130,000 women for 30 years and found regular screenings c

i'm jane king with the bloomberg business report. >>> 5:55. are keeping a careful eye on the deadly e. coli outbreak in europe. never-before-seen strain has sickened more than 1600 people in ten european countries. at least 18 died. researchers still haven't been able to identify the food source of the illness. tomato, cucumbers and leafy greens grown there are suspected. produce imports from europe are tested as a precaution. the f.d.a. says it doesn't mean people should stop eating fresh vegetables in the u.s. >>> after a very late night, this morning, america has a new scripps spelling bee champ. >> cymotrichous. c-y-m-o-t-r-i-c-h-o-u-s. [ applause ] >> with that, 14-year-old sukanya roy from pennsylvania, scranton, spelled cymotrichous. she will take home more than $40,000 in cash and prizes. and the precitious title of the scripps national spelling bee winner. by the way, "cymotrichous" is an rejective that mean -- adjective that means it has wavey hair. i'm going to stick with wavy. >> fine with me. congratulations. >> awesome. >>> 5:57.

bloomberg business report is coming up. >> also, notorious gangster on the f.b.i. ten most wanted list is finally nabbed california. next, how the feds got their man. >> the first thing you need to ditch from your diet if you want to lose weight. >> the waiting is over this morning. harry potter author reveals her next big thing. ♪it's the way you bring out the sun♪ my mom makes any day sunny. sunnyd does, too. with 40% fewer calories than most regular soda brands. ♪ >>> welcome back. check out the beautiful sunrise. if you were 2600 feet up on mount tamalpais you would enjoy 70 degrees tant beautiful sun rise. talk about what is going on across the state. flooding throughout yosemite and the southern part of the sierra because of the rabid snow melt. you can see the cooling move inland. upper 80s in chico and sacramento. it doesn't make it to fresno. 100 there. 108 in vegas. 111 in palm springing. we have low to mid-70s in san diego, l.a. and big sur. >> thank you. >>> time is 5:38. the f.b.i. scratched a name off of its ten most wanted list after agents captured

the bloomberg maryland index falling on losses for the united therapeutics. since tend to not do as well on states with higher than average levels of unemployment. issues tend to have students that performed poorly. school districts get their money from property taxes. i'm jane king for wbal-tv 11 news. >> if you have had shoulder pain, you know how disabling it can be. a procedure is making life better for many people. >> only your range of motion. go out to the side like this. >> sharon could not do any of those movements if you months ago without excruciating pain. >> it heard at night when i tried to sleep. i was having a problem blowing my hair, getting dressed. became a quality of life issue. >> this doctor said this is what a shoulder looks like with severe arthritis and bone or a rubbingo on bone. that must be painful. >> we have a good solution. the patient with a chronic rotator cuff tear the was not repairable. >> he is talking about this prosthesis. you had good results with this. >> it is remarkable how well patients do. >> that is true for sharo

the bloomberg business report is coming up. >>> the next generation helmet for fighter pilots.ay company's new technology that helps pilots quickly find and process information. >> nearly two dozen states are coping with rising floodwaters. i'm john hendren. i'm john hendren. i'll introducing honey bunches of oats, raisin medley. there's nothing like it! the only cereal with 1, 2, 3 kinds of raisins and crunchy multigrain flakes. you gotta try new honey bunches of oats raisin medley. the midwestern meat and potato sandwich. where french fries and meat, meet come try the midwestern meat and potato sandwich from our new tour of america menu. only at denny's >>> welcome back. california forecast at 5:46 on monday. we have flooding in yosemite. right now, live doppler7 h.d. is quiet. rain is possible later today around eureka. still hot in the central valley from low 90s, chico and sacramento, to near 100 in fresno. 75 with sunshine in tahoe. 84 in l.a. 111, hot spot, in palm springs. kristen? >> all right, mike. thanks a lot. >>> 5:46. people in minot, north dakota, started to thi