we still have bob michele with us.he stock today, because these reports out there is that private equityme firms working with the former ceo? are putting stock in that. we will see how it does when the markets open. but investors clearly think that this could mean something to the company. so worked got out yesterday that the former ceo is working with have a bid for the company. david: what happened yesterday? they started having a meeting? jenny: yesterday was a busy day for lending club. they abruptly adjourned the meeting and updated their proxy to say they were not ready to talk about the stuff that has gone on in the company. prior to that, they announced that they would update their standards so they raised the interest rates by 55 basis points. also the debt income ratios that they allow their buyers to have. amanda: it has raised concerns about this space. do you consider this specific to one company? or is it a model? bob: i don't think the model is in trouble. i think the space is evolving. and it is relativ

bob michele will stay with us with jpmorgan in london.e will move to paris in a conversation with john chambers on the interesting politics of the united kingdom. john chambers on the cloud. this is bloomberg. ♪ francine: i am francine lacqua with tom keene. this is bloomberg "surveillance or go let's head straight to paris to talk to a high profile executive of the impact of brexit on his visit just his business. he is john chambers. what does brexit mean for cisco in europe? first of all, our investments across europe stay in place and if i can transition, what you are saying and france is countries are all going to go digital. as they do that and do it effectively they can grow their gdp faster than before. this is the second internet revolution if you will. all jobs will be created by startups small to medium are inses so whether you the u.k. or france or germany or italy, all of those countries are saying it is going to be a digital world. i need tosurvive, lead in this transition. years ago many of your viewers would have said do no

jpmorgan's bob michele will remain with us. jonathan: every little ipo seems to count.ery little one helps. the opening bell right here in europe with five minutes ago. the opening bell in new york city is coming up. futures positive. gains hereht days of in london. a pound in the fx market is looking strong. treasury yields just creeping higher. ♪ ♪ jon: "bloomberg ." this is i'm jonathan ferro. futures looking firm in new york city. s&p 500 futures positive. five-day winning streak in london. what a move over the last five days. as you hear the opening bell , we getnew york excited. switch of the board of fairly quickly. risk on rally, yields go higher and treasuries job -- and treasuries drop. crude anticipated in a global up.y on wti of 1.14%.outh let's send it over to julie hyman. julie: it means that u.s. stocks are trading higher this morning out of the gate. all three major averages are higher. we have had a close correlation between u.s. stocks and european stocks. the dow and s&p out of the gate adding 6/10 of 1%. the nasdaq closer to a 10th of 1%. we are

bob barner fox 5 local news. >> new tonight no charges will be filed against michelle gray.e that's the mother of a three a year old boy who got into a gorilla encloser is the cincinnatizo that child fell 15 feet and have a brief encounter. the gorilla was shot and killed by zoo of first who feared for the child's safety. prosecutor spoke out saying she had three others kids with her t and turned her back if anyone doesn't believe a three year old can scamper off quickly never had kids. >>> in tonight's health watch a virginia moch says her son's son were severely sunburned she's blame inning the sunday screen. >> she put banana boat kids on her kids it resulted in this four year old liam with burn onn his face, his brother has bluffedded or hundred shoulder, she applied it before they wenty went in the son they wore rash guards for part of the day, ban nana boat sent her a check for 22 dollars and has ask that she send the sunday screen back. she said she has consulted an attorney.ey. the products flunged past consumer reports test consumer reports does not live up to its claims of being broad spectrum sunday

and michelle wants to know if this is the longest every year, and yes it is. california bob says it will be an awesome day up in marin/sonoma and napa. it may be hotter than 116, but these are the projected temperatures. the desert southwest or the four corners height looks like it will be there for a long time, and we are on the northern fringes of this. it will flex its muscles and we warm up, and then it tax all. it will be that way through the week. not much of trees, a small component of the west southwest trees that will be trailing off. cool for some and warm for others. to keep track of things, sometimes during the summer you open the windows in the morning and it is pretty cool for some. low 50s, a few upper 40s. some locations already in the 60s, napa at 47, 30 up in truckee, 50 in ukiah, 53 in monterey. the coast is clear and on the cool side. you can see some of this, the monsoon moisture wants to get its act together, but it is still early. and warm to hot inland, and they will see mid-90s for some. on the coast and bay in the 70s and 80s. it looks like the fog

bob pisani. with that in mind, let's get to misch knell london. hi, michelle. >> yeah, the weather han horrific. it killed our power here for a while. there are lots of questions about whether or not it's going to affect turnout, tyler. a pivotal day for the united kingdom. but also for the european union. if they take a stand here in the uk against being a part of the eu, what does that mean for that entire block of countries that has come together? there's a lot at stake here. and potentially as well when it comes to trading, portfolio, and the global economy. depending on who you believe. when you look at the polls, all of them lean toward remain. here's the poll of polls. 48% remain, 46% leave. so pretty close. the rest undecided. the markets as bob pisani suggested act far more definitive as if remain is for sure. if the markets awrong, tomorrow could be very, very messy. the uk papers are always so fun. i'm going to start with "the sun" here. the headline is "independence day." be-leave in britain. can you free the uk from the eu today. another favorite.

. >>> gianna, michelle, kenny, i want to you take a good look at this because our weather watcher in discovery bay bob just now sent us in this beautiful picture that i really want to share with everybody because you see those little puffy clouds? >> what kind are they? >> mackerel. that's a mackerel sky. because those clouds look like fish scales. right? so while everybody will not be experiencing rain today, we will have skies like this. partly cloudy. we'll also have some mostly cloudy conditions primarily north of the golden gate bridge. this is our live hi-def doppler radar. we have been in search of some rainfall. we are picking up a cell just immediately off the andrew bogut coast. and this is the scene right now in san jose. partly cloudy skies. temperature-wise, we are in the 50s and it is now 54 in santa rosa, 53 degrees in redwood city. all right. here's what you need to know. a little bit of a complex weather forecast because it's off to a partly to mostly cloudy start this morning. less wind definitely. winds do increase later today out of the south and southeast and then southwest about

also, our reporter, michelle roberts, is on the ground in orlando gathering the latest information and she will have live reports this evening. >>> and i'm bob redell. live here in the south bay, leaders will soon be honoring those who were hurt and killed in orlando. we'll tell you how coming up. >>> also, at 11:00, silicon valley made in heaven. match made in heaven. microsoft is buying linkedin. >>> i'm meteorologist kari hall. temperatures are coming down as we start out this next week. i'll tell what you is coming up in the microclimate forecast. scott adlib markets =scott/set v= microsoft will buy mountnview's >>> and here's a look at the nasdaq open this morning. the markets have actually been very quiet. the fed has a two-day interest rate meeting starting tomorrow. microsoft will buy mountain view's lincoln for $26 billion. shares of linkedin is up down on the news. linkedin has had a number of problems with growth and security but is still a very well-thought of company. the ceo will remain and linkedin handles the business side of social networking. >>> walgreens is ending its relationship with bay area blood company thearanos and

bob menendez new jersey. he had the bill on the floor and now joins us from capitol hill. describe why you oppose this particular piece of legislation michelle was just describing here. diresland is in circumstances. it seems like things will get worse. it seemed like the island has been in difficulty for some time. last september, i raise these issues on the senate floor. i raise the alarm bell, the time to deal with this in a rational way. essa legislation does have clear restructuring in the court, which is the only reason we are considering this in the first place. there are many obstacles, it creates a control board who will determine whether or not the government of puerto rico has done everything they should to have access to restructuring in the bankruptcy court, and it requires a super majority of that court, of which there is no representation for the people of puerto rico, to allow puerto rico to go through restructuring. that means five of seven votes must vote affirmatively to allow puerto rico to go to restructuring. which means a minority, three of seven, could actually stop restructuring for who knows how long regardless of w

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michelle robertson of the players association. >> thank you. >>> now, over the squawk alley with jon fortt. >> we will dive into apple, and the potential impact, and also, bobe disney ceo on the new theme park in china and also perhaps some movement on movies in china, and finally, bernie sa sanders and president obama meeting and are we closer to the moment that we are certain of who the candidates are, and traders like real certainty. all of that and more coming up on "squawk alley." (man) oh, looks like we missed most of the show. (woman) and there's no way to restart it. (jon bon jovi) with directv there is. ♪ you see, we've got the power to turn back time ♪ ♪ so let's restart the show that started at nine ♪ ♪ and while we're at it, let's give you back your 'do ♪ ♪ and give her back the guy she liked before you ♪ ♪ hey, that's the power to turn back time. ♪ (vo) get the ultimate all-included bundle. call 1-800-directv. steve, other than making i'm here atme move stuff,rade trader offices. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that info

bob casey from pennsylvania. and the person donald trump loves most to be chatting it up ith, elizabeth warren. [applause] >> no vote! >> no break! >> no vote! >> no break! r. larson: jared houghman. followed by michelle lujan grisham. mr. huffman: i am so proud to be here with every one of you as we do everything in our power to spin that arc of history a little more justice and bring democracy back to the people's house. there is an irony here. the republican leadership has cut the mikes. they have cut the cameras, but far more people are listening to us and watching us on pirated cell phone pictures and youtube videos than ever would have tuned in to c-span. [applause] mr. huffman: something is happening here. have you noticed that the gallery is beginning to fill up with people? [applause] mr. huffman: even though the republican colleagues tried to block viss terse from being in that very gallery. so the fact is they can cut off the mike, they can cut off the cameras. they will not silence our voice because today at this moment on this issue our voice is the voice of the american people. and it will not be silenced. they say that great speeches aren't given on the house floor anymore. i have been