that is ahead on "bloomberg businessweek." ♪ carol: welcome back tocarol: "bloomberg businessweek."you can listen to us on the radio on the following stations -- a step-by-step guide to protecting yourself online. carol: there is jordan robertson. thing you cansic do to any social media account is sign up for text message login verification codes. that goes a long, long way to protecting your account. the second step is setting up a callode so a hacker cannot your cell phone provider to get access to your account and lock you out. if you do those two things come in you will be a long way down the road to protecting those accounts. workarounds,ays but those are two things we recommend you start with to protect this online accounts. carol: you mention a journalist whose twitter account was hacked. >> the worst, 2012, a journalist , the hackers got so deep into his computers they got into his macbook for my iphone and ipad and erased all of his -- all ofm all of his his photos, all of his data. -- hackers are raced all of memories. of his carol: you also talk about clearing your cookie

david: all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor of "bloombergusinessweek," ellen pollack. and in the opening remarks section, the reporter argues that brexit will not stop globalization. we are seeing is trade ties deepening. and we are seeing more of it. ellen: right, the argument is that if brexit happened it looks like it is going to. if trump gets his way and is more of an isolationist in the u.s., we are at a disadvantage. the rest of the world's deepening their ties. china is trying to launch its own it kind of free trade zone. asian nations. there is a southeast asian group of 10 nations that are forming trade ties. so globalization will not stop , even though brexit has happened. david: given the rhetoric we have heard, if congress doesn't pass that, we'll lose ground. as you look at the trade picture, there's the u.k. stand to lose out as a result of this? it is an entirely possible they could. in trade,e is tied up there is less room for the u.k. and the u.s. to maneuver. it is a possibility that the west will lose out. david: we are s

david: all that ahead on bloomberg businessweek. ♪ carol: we are here with the editor "bloomberg businessweek in the opening remarks section, your reporter argued that brexit will not stop globalization. actually what we are seeing is trade ties deepening. ellen: right, the argument is that if brexit happens, and it looks like it will, and if trump gets his way, more of an isolationist in the u.s., the rest at this advantage is the rest of the world. they are deepening their ties, global ties more than ever. china is trying to launch its own kind of free trade zone. in asian nations, there is a southeast asian group of nations that are forming trade ties. globalization will not stop even though brexit has happened. david: the rhetoric we have heard about the tpp, the transpacific partnership if , congress doesn't pass that, we will lose ground in china. as you look at the trade picture, does the u.k. and the u.s. stand to lose out as a result of this? ellen: it is possible that they could. everybody is tied up in free trade agreements, there is less room for the u.k. and the u.s. to maneuver.

david: all that ahead on "bloomberg businessweek." ♪ david: i'm with the editor and chief of "bloombergusinessweek" ellen pollack. there was a supreme court decision that came down on immigration. deadlocked. this is now a sign of things to come. ellen: it was deadlocked 4-4. it goes back to the lower court. the lower court has not scheduled hearings. what it does is leave many people in flux. david: a huge disappointment to the president. a signature achievement of his tenure thus far. where does things stand with that now, with his plan? ellen: it is all frozen at the moment. or a lot of it is frozen. taking it out of the political realm for a moment, for companies, it is a problem. they have employees who are here on visas and have immigration issues. they have trouble planning what to do with their talent. it is not just a social or political issue. it is a business issue as well. david: it is a business issue as well in a lot of global economic news. a number of pieces in the magazine about it, including one by editor-in-chief john micklethwait. ellen: we have an entire section dev

>> welcome to "bloomberg businessweek." erdogan presses down. >> peter thiel goes to cleveland. >> all that ahead on "bloomberg is this week -- businessweek." alan, the future story on turkey. the sales -- the two against president arden one last week. there is a massive crackdown on journalists and teachers and different folks. >> this is a story we had in works before the coup. we were doing a story about an opposition type newspaper and its editor and what it was like to run a newspaper that felt free to criticize the regime when so many other papers were being cracked down on and what it was like to be in that position. then the coup started and suddenly our story took on sort of a different dimension. turns out the editor we were writing about is one of the people on their list of people they don't like post-coup, because post-coup they are cracking down on opponents. there basically isn't a free press. it's a very complicated situation and we talk about how for the press it's really complicated there. right now the guy

david: that's next on "bloomberg businessweek." ♪ david: welcome back to "bloomberg businessweek.": in the politics and policy section, an investigation into the hacking of the democratic committee. david: why the dnc did not react when security officials found a security breach. we talked to security editor allison hoffman. allison: the democratic national committee invited in richard clarke who had been a counterterrorism and cyber security expert under bill clinton and president bush. he was a longtime washington establishment figure. he has a firm that does security consulting. they invited his people in and said do a review and let us know what our risks are. the team was there for two months. this cost $60,000, which is not a ton, and not just a little. carol: they did a deep dive? allison: to some extent, and what they found was nothing good. they found that the dnc had old firewalls and old systems which is not totally surprising and they did not have the most up-to-the-minute security on individual securities and they were at risk for being hacked or or any of the things t

bloomberg businessweek is available on newsstands now. back here next week. ♪ coming up on bloomberg best. aftershocks continue to make markets queasy. meanwhile in the u.s., -- italian banks struggle with stability. >> it may be too big to fail. and the

. >> all that is ahead on bloomberg businessweek. ♪ with the are here editor bloomberg businessweek.hen your opening remarks the reporter argues that brexit will not stop globalization. we are seeing is trade ties deepening. ifthe argument is that brexit happened it looks like it is going to. if trump gets his way and is more of an isolationist in the as., we are at disadvantage. the rest of the world's deepening their ties. china is trying to launch its .wn free trade zone there is a southeast asian group of nations that are forming trade ties. evenlization will not stop though brexit has happened. --id: given the reddit rhetoric we have heard, if congress doesn't pass that will we lose -- lose ground. as you look at the trade picture, there's the u.k. stand to lose out as a result of this? >> it is possible they could. if everyone is tied up into trade, there is less room for the u.k. and the u.s. to maneuver. that theossibility west will lose out. david: we are still talking about brexit. onr feature section scotland, leading the scottish national party. carol: who is she, first o

>> welcome to "bloomberg businessweek." thehis week's issue, why dnc did not listen to security consultants. >> will oculus swallow facebook? >> and more. >> all ahead on "bloomberg businessweek." >> i'm here with alan pollack, the editor of bloomberg businessweek. let's talk about the story in the global e-commerce session. germany has opened its doors allowing refugees into the country. you look at the economic implications. >> the question is, what are the people going to do. din, --y have settle settled in, either going to be enough jobs? there are efforts to train these people and to some degree they have tried to convert some of those into training refugees and giving them real job skills. >> this is been a part of the german economy for a long time. giving students internships that let them have jobs in these sectors for a long time. >> the problem in this case is that although people are being trained there are not necessarily enough jobs for them. program anda trained a bunch of people, then hijre -- hired relative

all that ahead on bloomberg businessweek. ♪ >> welcome back to bloomberg businessweek.arol: you can also find us on radio on sirius xm 119, on a.m. 1130 in new york, a.m. 1200 and boston, 90 9.1 fm in washington, d.c. and a.m. 960 in the bay area. david: walmart discovers is not that easy to bring back thousands of manufacturing jobs to the u.s. >> former u.s. head of operations at walmart came out and said they feel what is good for the u.s. economy is good for walmart. we are all just climbing out of the recession at this point. and that they were going to spend $250 billion more over the next 10 years on goods that were made in america. that is a lot. walmart has about 1/2 of $1 trillion in sales every year. over 10 years, $260 billion. no other company has come out and done something like this. they felt like they wanted a strong u.s. economy, they want a job growth and job creation in the u.s. i was good for their business. it is also good pr for them. they were the retailer. that is the great irony of all of this. walmart has been blamed for helping -- there is wt

carol: welcome to "bloomberg businessweek." we are inside the magazine headquarters in new york city. target taps toddlers, colossal debt, and a puerto rican murder mystery. that's all ahead on "bloomberg businessweek." ♪ carol: i'm with the magazine editor. ellen, you guys take a look at the airbus a3 80. it is a huge airplane but is it too big for its own good? ellen: it may be too big. it's enormous and very luxurious. it has a sweeping staircase going up to a second deck. they make you drinks. it is mammoth and it competes like ther jumbo jets 747. but big airplanes are not as an fashion as they once were. everyone is looking for fuel efficiency. and the main customers turned out to the emirates and a lot of their other orders are not coming through. what airlines are looking for now are the small jets of a hold smaller numbers of people, that are more flexible, work with the hub system better, more fuel-efficient. i mean, it is a big plane that was envisioned 20 years ago by people no longer there. carol: it's in some year

all that ahead on "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek."an find us on radio on sirius xm channel 199 -- 119. in the features section a story that resided tele-novella. a bank executive gun down on a bridge. rumors of pagan ritual and secret payments. you write about -- who is he? >> he is a banker from new jersey. he had a spirited regional banks across united states. in 2011 he was found by headhunters and went to work at a bank in puerto rico as its number two executive. carol: this was a troubled bank? zeke: they had been battered by the incline and the puerto rican economy. they were four years removed from being nailed out by a group of wall street investors. maurice was there to try to turn things around, get the operations in puerto rico in order. carol: he uncovered some things in question is going on? zeke: he, according to lawsuits filed later, he has some disputes with other people at the bank and thought that a were -- there were inflated payments to contractors. but he did not have it chance to pursue this because after just a

david: all of that and more ahead on bloomberg businessweek. ♪ ♪ david: welcome back to "bloomberg businessweekarol: you can find us on radio and sirius xm channel 119, on am 1130 in new york, and other stations around the country. in the technology section we talk about berlin envious of tech scene.ey's >> is developing a lot in a virtual period of time. decade ago there were a few dozen startups in berlin and as of now there are more than 2500. it seems like it is an outgrowth as much as anything of the starving artist culture that was endemic to berlin after the cold war. the proliferation of cheap rent and uninhibited party culture and the fact that you can play foosball at work and a lot of these warehouses has helped attract a crowd that is not as bound to a career at siemens or one of the big companies as they might have been in the past. david: you look at this referendum a few weeks ago on eu membership. does berlin see that as an opportunity to attract some of the startup talent? >> as of a few days after the brexit vote, a local political party from berlin paid to set up a truck roll

carol: welcome to "bloomberg businessweek." i am carol massar. david: i am david gura. the larger trading investigation. all of the head on bloomberg's this week. ♪ let's start with a public policy section. the supreme -- supreme court --ision that came down, >> it is deadlocked for-four and goes back to lower court and a lower court has a scheduled hearing. what it does is leave many people influx. david: a huge disappointment to the president. a signature achievement of his tenure thus far. ellen: it is all frozen at the moment. or a lot of it is frozen. taking it out of the political realm for a moment, for companies, it is a problem. they have employees who are here on visas and have immigration issues. they have trouble planning what to do with their talent. it is not just a social or political issue. david: it is a business issue as well in a lot of global economic news. a number of pieces in the magazine, including one by editor in chief john micklethwait. ellen: we have an entire section devoted to brexit. it is a huge deal. we have an interesting essay by john m

we here with the editor of bloomberg businessweek.up against president aragon last week. there is a massive crackdown on journalists and teachers and different folks. >> this is a story we had in works before the coup.

>> and more. >> all ahead on "bloomberg businessweek." >> i'm here with alan pollack, the editor of bloomberg let's talk about the story in the global e-commerce session. germany has opened its doors allowing refugees into the country. you look at the economic implications. >>e

david: all that ahead on "bloomberg businessweek." ♪ david: i'm with the editor and chief of "bloombergourtwas a supreme decision that came down on immigration. deadlocked. >> it was deadlocked 4-4.

david: all that ahead on "bloomberg businessweek." ♪ david: i am here with the editor in chief of "bloombergack. let's start with the policy section. there was a supreme court decision that came down on immigration. deadlocked. this is now a sign of things to come. ellen: it was deadlocked 4-4. it goes back to the lower court. the lower court has not

you can read the latest story in bloomberg businessweek. still ahead, the commodities close. a look at where gold oil are trading right now. gold of .3%. -- gold up .3%. the s&p is down about .25% and the nasdaq is down about .4%. this is bloomberg. ♪ vonnie: from bloomberg world headquarters in new york, this is "bloomberg markets." shery: commodity markets are closing in new york. julie hyman has the latest. julie: a mixed picture for stocks come a bit of a mixed picture for commodities. higher, goldal gas higher. we are seeing energy down .9% as oil prices fall. bit of a losing streak for the bloomberg commodity index, down for the fourth day out of the past five, down 2% over the five day period. strengthening in the u.s. dollar today. tomorrow, we will get the weekly inventory number. down 1.3% or so, below $45 a barrel. citigroup --ng ver after citigroup said demand might sputter out. some profit taking as the summer goes on. and decline of about 1%. watching copper prices as well. in this case, they are going higher. day.ixth up more people going long in this environme

david: all that ahead on "bloomberg businessweek." ♪ david: i'm with the editor and chief of "bloomberg pollack. there was a supreme court decision that came down on immigration. deadlocked. this is now a sign of things to come. ellen: it was deadlocked 4-4. it goes back to the lower ur

david: all that ahead on bloomberg businessweek. ♪ carol: we are here with the editor "bloomberg businessweeks section, your reporter argued that brexit will not stop globalization. actually what we are seeing is trade ties deepening. ellen: right, the argument is

♪ >> we are here with the editor of bloomberg businessweek.he failed coup against president erdogan and the massive crackdown on journalists, teachers and other different folks. this is a story we actually had in the works before the coup. we were doing the story about an opposition type newspaper in istanbul. what it was like to run a newspaper that felt free to criticize the regime when so many other papers were being cracked down on and what it was like to be in that position. and the coup started suddenly our story took on a different dimension. it turns out the editor we were writing about is one of the people on their list of people they don't like post to. post-coup they're cracking down more on opponents >>. they've never been great with journalism. it's been tough to have a free press in the country. >> they basically is not a free press in turkey. a complicated situation. we talk about how for the press is really complicated. the guy we so to focus the story on is no longer in turkey. >> you approach the story in a different way. you

story inead the latest the latest edition of "bloomberg businessweek." path is interesting as well.nie: here is a look at oil. a bit of a comeback this afternoon. at $47.81. eight dollars. this is bloomberg. ♪ e vonnie: this is "bloomberg markets." julie: commodity markets are closing in new york. let's see what is moving today. shery: oil bouncing back, just climbing because of some technical support as well as slightly weaker dollar. let's take a look at the price of grain. corn moving, down 2.4%. the contract is down for a sixth day in the longest run since march. we are seeing milder weather in the midwest. soy prices are down today because of those better weather conditions. let's take a look at the next chart -- we are talking about gold. gold prices up .6%. is at the highest since march of 2014. flocking to safe havens, helping push prices higher there. we also have higher gasoline prices to date. this is only after plunging to the lowest level since april seven. , talkingsaw the surge about oil prices because of that as aical support as well weakening of the u.s. dollar. the

inid: all that and more "bloomberg businessweek." are here with the editor of "bloomberg featureweek." the story on turkey. a crackdown on journalists and teachers. >> this is a story we ha t

. >> all that is ahead on bloomberg businessweek. ♪ with the are here editor bloomberg businessweek.ning remarks the reporter argues that brexit will not stop globalization. we are seeing is trade ties deepening. >> the argument is that

david: all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor of "bloomberg" ellen pollack. and in the opening remarks section, the reporter argues that brexit will not stop globalization. we are seeing is trade ties deepening. and we are seeing more of it.

. ♪ carol: welcome to "bloomberg businessweek."ine headquarters in new york city. target taps toddlers, colossal debt, and a puerto rican murder mystery. that's all ahead on "bloomberg businessweek." ♪ carol: i'm with the magazine editor. ellen, you guys take a look at the airbus a3 80. it is a huge airplane but is it too big for its own good? ellen: it may be too big. it's enormous and very luxurious. it has a sweeping staircase going up to a second deck.

you can read her story in the latest issue of "bloomberg businessweek."get down to business and politics with former house majority leader eric cantor. this is bloomberg. ♪ david: from bloomberg world headquarters in new york, this is "bloomberg markets" i'm david gura. let's go to the markets desk julie hyman is taking a look. julie: one of the notable movers to watch in today's session. yesterday, they drop following disappointing inventory reports that show a decline in gasoline and distillate inventories but there is a bounce back in oil prices today. also being helped by the declines we are seeing in the u.s. dollar today. but it has been a very volatile week for oil prices the past five days, you could say, since we are not quite at the end of the week yet. it traded sideways and then had a decline -- big climb and today gaining steam once again. it has been a zigzag few days. also, we are watching gold prices as we have seen risk appetite, back into the markets. one of the casualties of that has been gold, as you might expect. gold trading at about

you can read all about it in the latest "bloomberg businessweek." are saying that my eyes are not my own? >> i'm saying maybe they are being used in ways you have not given them permission to be used. give us an example. >> all these companies use our biometric data. facebook and google, who are subject to these lawsuits, are geography,our facial and they use that to create tag suggestions. these lawsuits claim they have not given proper consent to users who may or may not want them to do that and want to know exactly what is going to happen with that data after a certain time. they should not be able to just collect it and do whatever they want with it. david: it seems like when you go on facebook, the algorithm is itking for faces, not doing in any sort of direct way. talk about the grave consequences of losing this information. would biometric data, it really is singular and cannot be replaced. >> you could change your fingerprints with surgery or something, but we know how hard it is for banks and other us the two shins and companies to save yar

. ♪ carol: welcome to "bloomberg businessweek."de the magazine headquarters in new york city. target taps toddlers, colossal debt, and a puerto rican murder mystery. that's all ahead on "bloomberg businessweek." ♪ carol: i'm with the magazine editor. ellen, you guys take a look at the airbus a3 80. it is a huge airplane but is it too big for its own good? ellen: it may be too big. it's enormous and very lu

you can read it in the latest "bloomberg businessweek." d: and this sunday on bloomberg television. we will talk america's energy future as the presidential election heats up. joins us from philadelphia. this is bloomberg. ♪ david: this is "bloomberg markets." vonnie: commodity markets close in new york, wti trading below $42 a barrel. u.s. stockpiles unexpectedly climbed last week. oil is now approaching the 20% drop from early june. could this market be a tipping point for oil? we will rebound. the question is timing. there are a lot of noisy factors at work. the data was terrible in terms of imports. that led to a tanking of oil, but i think it is temporary. david: joining us now from the dnc is louis finkel. i listened to president obama speak last night. i assume you did as well. a long speech, retrospective speech. there might have been one line about energy. are you disappointed about the degree to which the democratic party has been talking about energy at the dnc this week? he talked about it twice, once in the context of climate a

david: always great to talk to you, ellen pollock, editor-in-chief of "bloomberg businessweek." rtersthe magazine every weekend on bloomberg television. still ahead, the commodity close coming up. june,ices toward $50 in but since then, they have been under pressure. we're talking with michael:, head of research at barclays. ♪ ♪ from bloomberg world headquarters in new york, i am david guerra. vonnie: this is bloomberg markets. let's check the headlines. mark: tonight in cleveland, ohio, donald j. trump will accept the republican nomination for president of the united states. 's address comes after former rival ted cruz refusing to endorse him during his speech last night. loudly. booed he said today from could have been surprised. senator cruz: when donald trump asked me to speak, he didn't ask me to endorse. three days ago, i talked to him on the phone and told him, "i am not going to endorse you." trump advisor paul menard violationcrews is in of his pledge to support the nominee. according to a new poll, clinton and trump are both that 44%. 11% of voters remain undecided. in

david: check out the article in bloomberg businessweek. tor john cornyn now speaking at a service in dallas. ♪ e david: from bloomberg world headquarters in new york, this is "bloomberg markets." vonnie: commodity markets are closing in new york. julie: it has been a risk on sentiment today, helping stocks and commodities. seeing a big rally today, the biggest gain in crude prices in two months. 4.5% now, it continues to climb as the day goes on. it has to do with this overall sentiment and some supply disruptions in nigeria. the usda out today with its latest crops forecast. corn at 1%, cotton also getting a big bid here. because of what's going on in brazil, dry weather in brazil reducing the corn crop. slashing its estimates for corn to 20 million bushels -- 70 million bushels. that by extension is helping deere as well. , whenn see the big leg up that data hits at noon. david: thank you so much. let's get the headlines on the first word news this hour. and mrs. obama in attendance, speaking live there is former president george w. bush.

you can read about it in the latest bloomberg is this week reporters. -- businessweek reporter.re -- briefly tell us about the banker who went to puerto rico who went to turn around a failing bank and ended up dead. distinguishedad a career at regional banks. he was offered a promotion to come be the number two executive at dural bank. he moved down there and tried to clear things up. he was there a few months before he was murdered on his way home from work. julie: you did a lot of research on that front. why has it been so difficult to find out who exactly was responsible? killed on highway. you would think there would be a lot of witnesses but apparently in the confusion no one saw anything. this was about five years ago and the cases been handled by the fbi. alsoave been looking into fraud at the bank. they claim that they're close to solving the murder but officially the have not said anything about their suspect or how they might solve the case. the rank was started as a single mortgage company. the people who started it, the family came in, wealthy bankers in puerto rico

that is all ahead on "bloomberg businessweek." ♪ david: let's talk about a story in the global economyermany has opened its doors under angela merkel, allowing a lot of refugees into the country. you look at the economic implications of that. >> the question is -- what will all these le

david: read the latest tory in themberg businessweek -- latest story in "bloomberg businessweek." sold? the latest on yahoos sales process, coming up. ♪ david: this is "bloomberg markets." president obama is making remarks ahead of a recession in the east room of the white house. president obama: obviously, we heartsre with heavier than normal. nice, we witnessed another tragic and appalling attack on the freedom and the peace that we cherish. it today, our hearts are with the people of france and with andthe innocent men, women so many children who were hurt or killed in this sickening attack. knowincludes americans we of, a family from texas, a father and young son, just 11 years old, who were there on vacation. their family, like so many others, were devastated. they are grieving. they need all the love and support of our american family as they grapple with an and getable loss through what will be very difficult days. on behalf of all of us, i want to welcome our friend, ambassador -- from france. i had a chance to meet with him right before i came out so that he knew it is no

you can read his story in the ,"test "bloomberg businessweek and hear stories from reporters every weekendbloomberg television. more news on this -- cutting its lastast to earnings below year and that is interesting because it is seen airline capacity passenger growth at 5.4% for the year. it fell 6%. david: the u.s. file they settle agreement to allow the beer merger to go through -- allowing b inbev to merge with sab miller. we are looking at live pictures of donald trump. he is there with mike pence. donald trump and mike pence scheduled to hold a rally in cleveland this afternoon before heading over to the quicken loans arena in downtown arena for more of the proceedings of the republican national convention. it was pretty remarkable -- he arrived the helicopter. donald trump, who has spoken every night of the convention. no word if he will be speaking tonight. we're expecting ted cruz, his former opponent, to address the convention there in cleveland tonight. that onwatch more of live go, of course. still ahead on bloomberg markets, the commodities close is coming up. francisco blanch

peter coy have this wonderful article in the current edition of "bloomberg businessweek," you can't miss bloomberg. talked about most stories every weekend, tuning to bloomberg television saturdays and sundays. much more ahead, we are turning our focus to the attacks. and netflix and yahoo!, set to report earnings. plus a stock performance for each of these tech giants. vonnie: 21st century fox responding to a report that the company is planning to remove the foxnews chairman and ceo, roger ailes, in the wake of the gretchen carlson sexual-harassment lawsuit. the company commented in an e-mail statement and said that the matter is not yet resolved and that a review is contributing. shery: time for look at the bloomberg business flash. a look at the biggest stories in the news right now. archer hathaway has agreed to purchase mutual insurance company in a 1.8 ilion dollar acquisition. highlighting the warren buffett leadership role in protecting doctors from lawsuits. the biggest medical underwriter of liability insurance in new york coming from a policy own business to a stock is this. t

vonnie:you can read his story in the latest bloomberg businessweek and hear more from the reporters onost talked about stories every saturday and sunday on bloomberg television. rebounding from the precipice of a bear market. commodities up. ♪ >> oil had been on track for a bear market>>. we have seen the dollar fall. nymex crude has been rising. -- it is stillup up i about 1%. now above $41 a barrel. as low as 40 bucks, $.50. if this closes up it will be breaking the sixth day of a losing streak. over the past 30 days it is a different story, down by 17% here. the biggest monthly fall since this time last year, since july 2015. that is when oil fell by about 21% in that period. let's take a look at what has been happening with the oil majors. a couple winds pushing the stock here. you can see it's at about session highs earlier today it was pretty much opening at session lows right here and that's because it had been saying it missed profits as well as production estimates, assisting third straight quarterly loss. let's look at what is happening with exxon. exxon at its lowest share p

you can read about a dim bloomberg businessweek. might fundamentally change genetic technology. commodity markets will be closing. ann taylor, the ceo of good all group. this is bloomberg. ♪ bloomberg world headquarters in new york, this is bloomberg markets. i am vonnie quinn. julie: i am julie hyman. commodity markets are closing. let's head to the markets desk. oils are making a big move today, but gold and silver, which usually trade in tandem are not trading in tandem today. shery: precious metals not shining as bright today. silver coming off its two best day since 2011. we see it now fall more than 2%. -- days ofgames gains, the best sense 2011. a wild fourth of july. bond prices just talking $21 an ounce, but now coming off of the highs. we can see silver -- we saw a gaining,ar to date of more than 43%, but it is now falling slightly there. of course, gold, is holding to its highest level since march 2014. it is year to date, gaining 27.8%. we are seeing it today falling and reversing four days of gains there. as julie just

you can read his story in the latest edition of bloomberg businessweek.er big business stories in the room -- in the news right now. justice department will not pursue criminal charges against hsbc over money laundering. this is a house committee report reviewed by the "wall street journal." the report alleges eric holder misled congress against the decisions. a $1.9 billion settlement with the bank in 2012. david: jen steele has room -- resigned from the hershey trust, a charity that controls about 80% of the shares and the hershey chocolate company. she quit over the weekend and gave no reason for leaving. the move comes less than two weeks after her she rejected a takeover bid for monta lea's international. a fourthanice records consecutive month of positive growth. had $29 million last month, bring the funds total assets to $1.5 billion. us returned nearly 2.5% growth over management in 2014. david: and that is your business flash update. vonnie: a quick look at the majors, we start with the british pound. it increased today, up .3%. it was a higher e

our thanks to peter coy and you can read his latest story in the latest bloomberg businessweek. the pharmacy space. and then it be planning asset sales in order to quash humana's antitrust worries in order for this sale to go through. etna, i should say, is repaired .o sell the company is working with advisers to identify a portfolio of assets, if divested, could reduce overlaps between its operations and humana. tna doing all it can to prepare for a smooth takeover. for this and other stories, let's go to ramy inocencio. ramy: i am also looking at humana, popping in trading. it was down by about a percent, but now it is rising. the share price was about $170. now up to about $174. in terms of what i want to talk about, the best and worst for the week. let me take you to what is happening in the one week since brexit. it has been a roller coaster week. in the first two days post -brexit, we had this huge fall, but we have been recouping losses. the dow is up 3%, similarly in the s&p. brexit, since this time last week on friday, the s&p is half a percent away from recouping all o

vonnie: you can read the latest story in bloomberg businessweek. i highly recommend it. ahead, wti down 5% now. this is bloomberg. ♪ ♪ ♪ from bloomberg world "bloomberg markets headquarters in new york, this is "bloomberg markets." i am vonnie quinn. julie: i am julie hyman. commodity markets are closing, and it doesn't look like a pretty close, especially for energy. shery has details. we are seeing oil taking a sharp u-turn after a government report early this morning showed crude stockpiles declined less than expected, so crude down 4.7%, trading around $45 a barrel. and you can see the sharp plunge around 10:00, when we had the data showing crude stockpiles declined only 2.2 million barrels, instead of the expected 2.5 million barrels, so we are at seeing the cracks spread, the lowest in two months. that means refineries are seeing less profit. profit margins for refineries are at one of the lowest levels in about two months now. you can see, down 62% for the year. we are seeing the abundance of gasoline in the u.s., seeing the d falling through the year. we have u.s.