this is "bottom line." today, scotland's first minister follows -- resigns following the no vote for independence. lining up and waiting for a chance at an iphone 6. to our viewers in the united states and those of you joining us around the world, welcome. we have coverage of the stories making headlines today. ,he debut of the iphone 6 leslie picker follows alibaba from the new york stock exchange and we begin in london with michael mckee as scotland votes no to independence. how do we explain the larger than expected no margin? >> pollsters can't explain it except to point out throughout the season, the no's held a commanding lead. few days yes seemed to pull forward and that added to the drama of the election and sent politicians scrambling. it may have never been that close. it was clouded by the fact pollsters say they could not trust the results of their own surveys because of the kind of electorate. 85%.entioned the turnout, and it galvanized the voters of scotland and it resulted in the end of a car

more "bottom line" is next. ♪ >> welcome back to "bottom line ."livia sterns come in today for mark crumpton. john kerry identified a coalition of 10 nations that could help go after islamic state militants in iraq and syria. elliott joins me now from washington with his perspective. welcome to "bottom line." today, the president announced this new coalition him of the usual suspect -- this new coalition, the usual suspects. what is this coalition going to do on the ground? are they going to be able to turn the tide against islamic state? >> those are the right questions. everybody is saying no boots on the ground. fighting forces will be the kurdish army, iraq he army and maybe the syrian rebels. they are going to need help. we need to organize that help from all the countries you mentioned. military aid, training intelligence -- training, intelligence. thate president has said he wants the arabs in the region to play a role against islamic state. are we going to see saudi boots on the ground were jordanian troops? >> i don't think you will see th

more "bottom line" up next. ♪ >> welcome back to the second half-hour of "bottom line."ark crumpton in new york. the leaders of the world's two largest democracies met at the white house today. and thent obama indian prime minister are working to bolster the u.s.-indian relationship. how did the meeting first go? >> both sides reporting progress. they're prepared to expand cooperation in a range of areas according to president obama and the prime minister. they discussed economic issues, including global trade. they talked about a range of issues in a meeting at the local office -- at the oval office. this is the centerpiece to moti's five-day visit to the nine states. he's headed up to capitol hill. they squeezed in a quick trip to the martin luther king memorial here in washington this afternoon. meetingicials saw this as a pivotal moment to reinvigorate the u.s. india relationship. landslide election allowing them to reset the relationship when it comes to economic ties. >> we have so much in common. it's critical for us to continue to deepen and broaden the existing

welcome back to "bottom line."re the sectarian divisions in the middle east responsible for giving rise to militant groups like islamic state? >> yes. that is one of the major reasons . the sectarian divisions. it's a much larger issue than that. the lack of good governance in the arab countries, especially over the last many decades, the lack of participation in these societies, the socioeconomic injustices, the high rate of youth unemployment, all of these a sensehave played into of frustration, resentment, despair, especially on the part of younger people in the arab and muslim world. the is real fodder for radical groups to come in and exploit. >> bill nelson says he will introduce legislation next week that will authorize u.s. air strikes against islamic state militants in syria. does president obama the legislative approval for such action? >> i am not an expert on the constitutional aspects of this. if the president does have congressional backing, it strengthens his stand in terms of bringing public opinion

welcome to bottom line. >> my pleasure.nt poroshenko thanks in the united states for the nonlethal equipment provided to his country but he cautioned "blankets and night vision goggles are important but one cannot win a war with a blanket." is it time for the u.s. to start providing the ukrainian military with legal aid? >> it is -- with lethal aid? >> it is well past time. antiaircraft weapons, antimissile weapons -- russia is conducting a war against ukraine and this will help ukraine defend his territory from aggression. >> if we had provided that lethal assistance, would that not open the theater of conflict? wuld we have a water war -- a ider war? >> if you had ukraine better able to fight its battles, that would inflict a heavier cost on aggression.r his he is hiding from the russian people that russian troops are fighting in ukraine. is presidentge portion goes -- is present poroshenko bringing to president obama? if he knows that the west is solidly behind ukraine as ukraine defend its territorial integrity and his

bottom line is, he has a chance. the republican governor's association are going to hang in there. >> can anyone answer this question, given that chris christie is the head of the rga does that have a big factor with the money ending up in harrisburg for campaign costs? >> of course. >> christy is helping out his bud. >> he been all over the country raising a ton of money for republican governors incumbents and he will at this point to do that. him. >> why doesn't corbett call up and campaign for him? >> he's been in pennsylvania. >> i've got to give you props. you're turning the lemons of this corbett campaign you're amazing. >> talk about spin. very good. >> i learned from my friends. i'm a spin master. christie is coming to pennsylvania this month to republican state committee to speak, why don't you come? >> joint appearance, corbett, christie. we'll cover it as a news story. >>> we talked about the schools here, the philadelphia schools open monday, the funding situation hadn't changed. harrisburg has no immedia

"bottom line" continues in a moment. ♪ >> the "u.s.ews & world report" annual list of top national universities is out. while princeton tops the list again, dartmouth is getting attention after the ivy league school fell from the top 10 to number 11. our higher education reporter joins me in studio. why do the rankings matter? >> thank you for having me, mark. when you are doing the college search there is so much information to go through and where do you start? a lot of families rely on these guys to get information and help in a really daunting process. i i was interested because interviewed david beckham this weekend we talked about soccer teams and there is something called promotion and relegation where if you don't get x amount of points, you get bumped down to the lower division. what does it mean to get into the top 10 of these rankings and what does it mean to get kicked out? >> if you are a rockstar kid and you are thinking, gosh, where should i apply, who has the best academic, who should i be applying to, the top 10 may ma

what does that mean for their bottom line?here was concern that maybe it would impact them negatively. this could turn into a positive. >> it is absolutely a positive. i just came from interviewing the ceo of apple, the biggest company in the world, and the ceo of idea. kea. tim cook said it is precisely the capacity to innovate that will take us forward. you want regulatory certainty because he understands that they need to move forward for both battlelines together. image to be profitable and environmentally friendly. there are many products that can only produced if they actually attack both bottom lines together. kea saidther side, i we want governments to divorce regulatory certainty in the short-term, but we also want them to invest a long-term certainty because that is how we can make our invest. ment. >> you mentioned the global climate rallies that were have overrun the world yesterday. good tens of thousands and hugh ark city -- you had tens of thousands in new york city. the levels of greenhouse gases are at global

this is "bottom line," the intersection of business and economics with a main street respective.oes to estonia and sends president putin a morning, and a bankruptcy trial gets underway, and a look at some unconventional ways airports are trying to make money. ♪ to our viewers in the united states and for those of you joining us around the world, welcome. we have full coverage of these stocks and stories making headlines today, and a multibillion-dollar bankruptcy case. we explain why turkey is so important in the war on terror, and let's begin with peter cook him a following reports of another american journalist executed in iraq. afternoon, the associated press reporting there has been a new video that has been posted to the internet showing the execution of the 31-year-old freelancer who work policy"e" and "foreign magazine, last seen in serious in 2013, stephen -- steven sotloff, and there was a fellow beheaded, and was his life was threatened by islamic state militants in that video, and are now, we are getting reports, unconfirmed, that there is a second video now that has b

stay tuned. ♪ >> welcome back to oak vote bottom line."n fund has suffered 16 straight months redemptions as the world's biggest bond fund faltered in performance. dan wiener's chairman and ceo of advisor investors which is $3.2 billion under management and he is the editor of the word winning newsletter independent advisor for vanguard investors. he joins in the studio and welcome back. >> thank you. >> why is this a good move at this time for bill gross? >> bill gross does not need the money. he does not need the headaches of pimco. andan go off to janus essentially rebuild the reputation that got him to the place where people called him the bond king. he will be able to take a zero asset fund and he will be able to build it in positions that he likes. it is not have to worry about being part of some big committee. they will give him free reign. the big question will be who will he bring with them? who will leave pimco after him? in hindsight inevitable after mohamed el-erian [january? >> remember, it he left and came back and he left ag

this is "bottom line," the intersection of business and economics with a mainstreet perspective. we begin with the release of the beige book, the anecdotal survey based on reports from the 12 banks of the u.s. federal reserve system. peter cook joins me with the details. >> good afternoon. the latest economic snapshot for the fed's 12 districts paints a pretty steady picture of the economy, continuing to grow but not necessarily busting loose at the seams. the key take away, economic activity in all 12 districts expanded since the last report, but there was no distinct shift in growth in any of the districts. six districts report moderate -- th, six report that others said individual sectors reported more optimism. , generalspending consumer spending grew in most districts at rates ranging from slight to moderate with few changes in the pace of growth compared with the last beige book. the beige book says chicago was up, but philly was slower and atlanta had some slight weakening. there were some discussions about auto sales at record highs in some parts of the philly district an

that and more when "bottom line" continues in just a moment. ♪ >> welcome back to "bottom line."e are approaching 26 past the hour. my colleague olivia sterns a standing by with the details. markets showing some strength. >> stocks are rising after falling for three straight days and they are trading pretty close to session highs. the dow is up 122 points and the nasdaq is up by about 37 points. we did get some better than expected economic eta showing that new home sales rose at the fastest pace in six years. that perhaps boosting sentiment. we are watching a couple of individual stocks that are moving today starting with citizens financials. the u.s. subsidiary of the royal bank of scotland, those shares are up i about 6% after they started trading at their ipo price range of $21 and $.50 per share. this is the second-biggest ipo of the year. of course, after alibaba. also shares of bed bath and beyond. they posted an earnings beat at its forecast and revenue for the year that will be higher than analyst estimates. the same-store sales grew faster than expected. we will be on t

and started to help improve bottom line. >> bottom line, they know what each one is making.y all get around and talk about it. as much as we want to put a lid on that, they know. the biggest thing is to educate saying here's why we're doing this, not getting a bonus this year. here's why we're getting a bonus this year and if we do these things you can impact the bottom line which is better for you. >> for people who really practice open book management, some, here's revenue, shades of gray there, but if you really practice it it's a lot of work and employees like it and don't like it to certain degrees because it's more work on them because you have to go to classes and understand this. >> it's a major educational component. if you don't tell them the numbers they can still assume the numbers so that's can be very dangerous. >> probably some degree to which people should be doing this. >> communicate, the big thing. >> moving on to a question of finding right mentor for your business. >> what would be a good way to find a mentor to help take your business to the next level?

>> from bloomberg world headquarters in new york, this is "bottom line." today the number of people killed by gm technicians which is maybe much higher than initially estimated. how scotland's independent voters may affect the biggest industries. how now maybe the time to invest in vintage watches. to our viewers in the united states and those of you joining from around the world, welcome. full coverage of the stocks and stories making headlines today. peter cook looks at congress vote on president obama plan to militants.ic state the scotland referendum on the biggest industries. the latest on the gm compensation claims. we begin with the compensation representative kenneth feinberg. it shows the total number of people killed by the ignition switch is maybe higher than initial estimates. so far 19 death claims have been claimed eligible for compensation while gm had counted 13. we spoke with him earlier today and began with its gm got it wrong. >> no, gm applied a different and are. gm was looking at engineers and asking engineers, can you definitively sa

welcome back to "bottom line." deadlock congress had a midterm vacation. how checked out are they right now? >> very checked out. they will be in session realistically for two weeks. i think the house is targeted next friday at the time they want to get out. they do have to pass a continuing resolution. the spending amounts are not an issue because they are operating under a budget agreement that was put together last year. there may be a few issues they want to include on that continuing resolution and if there is any hold up those would be the items. >> they are going to be debating campaign issues. >> exactly. everyone wants to bring forward an issue to talk about that they think will reflect well on themselves during the campaign. the house of representatives they are going to have bills on jobs and energy. obviously things that are in the foremost minds of voters right now. the senate aren going to bring up a proposal to change the first amendment after 240 years. the idea freeze each doesn't work for some of the democrats in the senate. they think it

american companies to reevaluate what their cooperation is with companies and if it raises their bottom line, it raises questions about the companies' responsibilities are to law enforcement and intelligence and to the united states versus to their customers. >> what is corporate america's obliga customers? >> you know, there is a legal answer to that question, which is that they have to follow the letter of the law and if they get a warrant and have the ability to turn over the information they have to do that. and then there is sort of a moral and political and ideological answer to the question that i'm not qualified

i want to show you just a couple of things [inaudible] bottom line and something we're employing with the design teams. all of these must meet the level of service. we further screen these with environmental, social -- let me give you a blow up of what the triple bottom line criteria are. operations and maintenances cost, looking at life cycle cost of projects, looking at climate change. comparing different alternatives to see what the net impact is on greenhouse gas. looking at cultural resources so these are a very positive thing and you could see -- actually on the previous slide when we apply it is between alternative analysis and conceptual engineering. now some shots of the construction. this is phase one and we broke ground earlier this month and occurring at four locations -- [inaudible] broderick and baker. and we have a lot of work going on at seat ise plant and this will be rebuilt in a seismic safe manner and reduce need. this is the conveyer two and conveys sludge from the digesters to our cake bins and here is a shot of them. this is the holding place prior to where truc

bottom line, ask your doctor about linzess today.

this is "bottom line."e continue our examination of president obama's strategy to battle islamic state. max booz is from the council of foreign relations and has served as an advisor to u.s. commanders in iraq and afghanistan. , invisiblebook armies, and epic history of guerrilla warfare from ancient times to the present provides an alternative view of military history. he joins me now from his offices in new york. thank you for joining me. in a piece or commentary magazine, you wrote president obama laid out the right objective last night, but you report your there are ample grounds for concern that however good the president is at describing the threat, his actions are not sufficient to overcome it. why not? >> he imposed some severe limitations in terms of what we are going to do will stop ursa and foremost, he said repeatedly no boots on the ground all stop nobody wants to send large american combat formations to iraq, but a lot of experts including me and others like the former commander of central com

but the bottom line is islamic supre supremacy has been for -- not for all muslims but the bottom line in the last century since the rise of the muslim brotherhood in which isis actually was created its roots go back a hundred years. we've seen the muslim brotherhood, we've seen hamas, hezbollah, al qaeda, now we see isis, they all want to rule the world. and the caliphate is the chief prize. >> sunni, shia, doesn't matter, destroy israel, destroy the west and advance this convert or die philosophy. >> there have been other brutal caliphates in islamic history. >> that's true. we can go back to the 600 a.d., right? >> we can go back to 614. we can go back to the -- but even al qaeda has not been as brutal. yet they have -- you know, look, it's all relative. al qaeda killed 3,000 people, you know, in 2001. the reality is this fwrup here knows how to use the media and propagate its fear and exaggerate it. >> let me go to david webb. david webb, if there's no definition of victory, if the islamic state is not islamic, which the president said, if he thinks they're not a state and they don

military personnel will help try to stem this crisis and stop the spread of it, bottom line.lso saying that he will be at the u.s. central command getting the latest on the situation in iraq and syria, but beyond that, this hearing you've been talking about all hour, interesting because you have democrat tim kane saying, look, the president is basing this war now on what he once called a flawed authorization of the use of military force, pushed through by the bush administration, which president obama said he was going to repeal. listen. >> this president spoke at the national defense university in may of 2013, and he argued against broadening the opening of it and said instead what we should be doing as a nation and what he was open to was not broaden it up but trying to refine it, narrow it, and ultimately repeal it. >> critic on the left there, though rare bipartisanship from speaker john boehner who said he does back the president on that one piece of the strategy, which is arming the syrian rebels. in fact, we expect the house to vote as early as tomorrow to give the pre

here's the bottom line.cebook, google, and apple are all companies that have a lot going for them. especially apple. but they're also exactly the kind of stocks that might get sold off so that money managers can raise money to participate in this upcoming alibaba ipo and the charts as interpreted by ed indicate they're 72 for facebook, 570 for google and 97 for apple. they're all worth owning here. but those are the bargain basement levels where he thinks you might be able to load up on all three, well, on what i think is going to most definitely be alibaba weakness. i'm going to bank on that and keep hitting that supply theme for you so you're not blind sided by the down side of alibaba. carl in new york. carl. >> caller: booyah jim. get rich carefully. thanks. i have a question for you alibaba owns 35%. will it rise? >> i'm not crazy about weibo. i like j.d., so far i like the price talk alibaba. i'm not going to do any more than four chinese stocks. i just don't have the bandwidth to do more from the prc.

. >> so the bottom line, your message about your situation? >> i'm good for the time being but i need to let people know i'm getting desperate. i'm getting desperate for help.

strip him, lower body over there, any more marks -- >> the bottom line is he hit me first. that's what it comes down to. >> i think it's the bottom line you were talking about somebody else. >> so what? >> how about he starts talking about you? >> i -- so does that give him the right to hit me first? i didn't think so. >> well -- don't move. >> whoa, whoa. >> what? >> you think you're a bad ass? >> no, not at all. >> well, don't cop an attitude. >> i'm not. i'm not copping an attitude. >> [ bleep ] >> i'm sorry, what? >> you heard me. >> no, i didn't. >> you better. >> after a hearing, the disciplinary board ruled that slaku had been provoked by brooks' repeated taunts. while slaku wasn't punished, brooks got 30 days in solitary confinement. >> prison is something that you'll never get over. it always stick with you. and even though i don't have life, but, one moment of anger is a lifetime of misery because prison will always stick with you. >> coming up -- the victim of one of the most brutal attacks ever profiled on "lockup." >> the doctor said i don't know how much more

this is "bottom line>" ." president obama pointers to outline his strategy to combat islamic militants. we will tell you why kids rule at walmart. and soccer legend david beckham joins me in a first bloomberg interview. to our viewers here in the u.s. and around the world, welcome. we have full coverage of the stocks and stories making headlines today. tonight, president obama tells the nation and the world his plan to defeat the militant group the islamic state. phil mattingly is at the white house. peter cook is on capitol hill. international correspondent indira lakshmanan on is in our washington bureau. what will the president specifically be laying out tonight? >> you will see and hear from the president as he pressed together the pieces that administration officials say are ready to go in their strategy to counter the rise of the islamic state. what that will include is the likely expansion of airstrikes into syria, not something that will immediately happen, but something that is within his authority an

>> i'm mark crumpton and this is bottom line. today, eric holder announces his plan to resign. then, u.s. stocks fall the most in eight weeks. rain threatens to dampen derek jeter's farewell home game. to our viewers in the united states and those of you joining us around the world, welcome. we have full coverage of the stocks and stories making headlines today. we are live at yankee stadium for derek jeter's last game, weather permitting. we have details on obama's latest comments on the ebola epidemic. peter cook has word that attorney general eric holder will step down. we will get to all of that in just a minute, but first, stocks are falling the most in eight weeks as apple shares tumble and concern is growing that russia macy's foreign assets. the dow extended a four-year high, fueling speculation that the fed is a step closer to raising interest rates. let's take a close look at the numbers. the s&p 500 is down about one .5%. the dow jones industrial falling as well today. the nasdaq falling as well, down 1.8%. we will get a check on the markets from olivia sterns as we

. >> bottom line, we've run out of time, first and last word from sabrina. >>> president obama's big speech to take on isis, missing a big threat on how they want to sneak across our borders. >>> first, buying marijuana with welfare benefits. it's happening and it's totally legal. is it time to send that benefit up? smoke? 1 in 3 people over the age of 60 the most amazing sounds of life have gone missing. conversations with friends... birds singing... the joy of children's laughter. and there are so many damaging reasons for this. often the first sign is when people who are speaking loudly and clearly now sound like they're mumbling. at connect hearing, we can change that... with award winning hearing aid technology... and solutions to fit every budget. call this number now or go online to arrange a complimentary hearing evaluation at a connect hearing center. you'll get 3 full weeks to try these amazing hearing aids absolutely free! with hearing aids this advanced and discreet, there's no reason to miss out on the sounds of life anymore. connect hearing has locations clear across th

here's the bottom line, the numbers speak for themselves. if staples wants to turn things around in the midst of a challenge environment, if staples wants to nick its stock off by 50%, the easiest and smartest try do that is by acquiring office depot. i think the deal would be a win for both companies and more important a win for the shareholders. if staples drags its feet, i wouldn't be surprised if an activist or two forces the issue. it just makes too much sense not to happen. larry in massachusetts. larry. >> caller: jim, sincere compliments to you, david, and carl this morning on your respectful, efficient, and probing interview of jack mott. >> sometimes in life you're fortunate to be a journalist. how can i help? >> caller: his plan to help money to help young people succeed reminds me of bill gates and warren buffett. major kudos to you. to a favorite other subject of yours, beer. with asb miller unsuccessfully approaching the heineken family monday, there's been speculation about other possible spiritual consolidation. the growth is

a quick checkget on other stories miggy headlines right now with the bottom line anchor mark crumptonyork. a fire at an air traffic control tower has caused major disruptions to chicago area flights. flights at both o'hare and midway airports were grounded earlier this morning, resulting in hundreds of cancellations area a local official says the fire was apparently intentionally set by an faa contractor. their jeter's -- derek jeter's signoff was the most-watched game. it received an average of 1.2 5 million viewers, earning a rating of nearly 12 on the new york market. more new yorkers watch the giants beat the washington football team than they did the baseball game. larry ellison may be aearing up to buy an nb franchise. he may be a potential bidder for the atlanta hawks. ellison, who is one the american cup sailing race, is worth an estimate of $42 billion. >> what is coming up on "bottom line?" >> we cover the decision to leave pimco, we would get analysis from dan wiener, ceo of advisor investments. we also examine the world of sports memorabilia. career cominger's to an end, h

>> from bloomberg world headquarters in new york, i'm mark crumpton and this is bottom line -- the intersection of business and economics with the mainstream perspective. today, the united states commit to sending thousands of troops to west africa to fight ebola. then the u.s. federal reserve begins its two-day meeting. we will look at the upside of an independent scotland. to my viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. we examine the potential upside for scotland if it votes for independence. fedael mckee monitors the as its two-day meeting gets underway. we begin with phil mattingly as the u.s. ramps up its response to the ebola crisis. what is the president going to be talking about today in atlanta? tope is at the cdc with his security and health officials. a push today is there's going to be a new surgeon resources. there is a recognition the administration at this situation has spun out of control. you will see about 3000 u.s. troops sent over there, a staging area to e

urgent care go directory around the complexity of the benefits designs i everyone thing. >> the bottom line the member has to be able to do that. >> we're working to try to figure out the cal patrick foundation for the medical incline and some of the large medical groups that are integrated it has to be formed around the structure we're really to e trying to get those to delay as urgent care if you're seeing usf dot if you go to a regular incline it's a regular benefit we want to make sure that is handled appropriately that's why we have this worldwide bifurcation but we need to help the implication on the phone you have to get into that you register on the other hand, on uc register e registration it knows who you are and you get in through the password i had pat who was coordinating to show you that but i locked myself out the home page the landing panel for that the the second choice and it's urgent care we have some of the tools they're a little bit easier than looking it up through the regular portal but, yeah we need to help get that message out i definitely agree. >> also to reiterat

what is the bottom line for an organization like yours? >> well, i think the bottom line is that yes, the bankruptcy has moved quickly, but we also believe that the solutions have been in the works for many years. so the non-profit sector and the philanthropic sector has been studying what's been going on in detroit for quite a bit of time. we've put in place strategies and coalitions that could help us move out of bankruptcy when we had the right opportunity. we feel well positioned for a comeback, and the come back is not solely about the bankruptcy. it's about the relationship and the resiliency of detroiters. >> now what is being called the grand gag, some of the people heading into court to testify during this proceeding are saying it's not so grand, and they include the insurers and the people who hold some of the debt paper of the city from the past. >> absolutely. and i understand the challenges for those on creditors, and they want equal share, but i think it's not about equal share. it's about share sacrifice, and ultimately when

if the top and bottom line start to reaccelerate a little bit that make s more support. >> mike, christine, thank you both for joining us today. up next we are on the money. does hacking take a bite out of apple? one of the world's most valuable companies has to keep you safe and keep you wanting their products. can they do both? >> and later, the start up supper club using data to figure out what you will want the next time you eat out. >> and as we head to a break, take a look at how the stock market ended the week. >> hackers access the personal information from the iphones of more than 100 celebrities this week, prompting concerns over the security of icloud's storage server. what does it all mean for one of the world's most valuable companies. thanks for coming out today. this was a confusing story. these are names we know. these are naked photos and we all think oh my gosh, could this happen to us, too? what did happen? >> we don't know all the details. what essentially happens in this case. they get a little information about them. they might have learned somehow they used that and

about a do so years ago maybe two it become she can't recall capitalism that had one thing the bottom line that means that now as productivity rises worker's wages stagnate and the ceo goes up liam like this it's about 350 others say 4 hundred times the ceo pay versus the worker it's a right acknowledge going in the wrong direction it must be addressed with no - with all the respect in the world with achievement and awards in the workplace but you understand that success comes from the worker and if that bottom line is big and the ceo pay is big because of the expectation of the workers we're not going to underwrite it in the tax code that's why it's there and something that applies offer over the country we're blessed in the competition for space it makes a great challenge for the mayor but we're here to help over 7, 8, 9 with probably more affordable housing coming in san francisco and more initiate and low income tax credits and all kinds of projects recognizing that here boston and washington in some places where the cost of housing is having the balance of low income families in our c

we will see you later. ♪ >> this is a special edition of "bottom line." moments, janet yellen and the federal open market committee, will release the monetary policy statement and the forecast to reduce monthly bond purchases find additional 10 billion-15 billion, keeping it on track to announce an end to the program in october. the statement is released at 2:00 p.m. washington time. janet yellen will hold a news conference at 2:30. we will have live coverage of post. let's set you up on this fed day. we will hear from peter cook at the fed in a few minutes. joining us this afternoon from los angeles, chief economist of -- of alternative investments. may, irark, here with jersey. michael mckee, lisa abramowicz, who covers the debt market for bloomberg news. thank you so much. and julie hyman will also join us. michael, let me start with you. what are we expecting in a couple of minutes? >> do they drop the considerable language, suggesting it will be a long time after qe ends, and what will they do for when they start raising rates and how high they will

it might action we help some of their bottom lines.and is not the be all and end all. what is the be all and end all? it is about janet yellen, the decisions? >> the fed is the main show this week. it will be interesting to see how we get there. there are some speculation we will get a change in the language. i don't know whether that is going to happen. nobody does. if it doesn't go this month, it will almost early go next month. we will get the new forecast. >> where they think interest rates are going. >> we get the same forecast for where they think unemployment is going to be. the first reading for 2017. that will be entertained to see. -- interesting to see. also the long-term debate about how fast the fed can go once they start tightening. how far can they push things. >> there is a huge discrepancy between what the market is saying, the fed is saying. p tot time for that ga close? >> you can make a case the fed has to go slowly and gradually. ratewe call the terminal is going to be slower than previous cycles. there are some me

here's the bottom line.nd not every big decline is in the end of the world and never trade like it's the apocalypse and instead, go to the supermarket of stocks and buy on weakness and always remember, i checked out of the most important stock i liked in my zeal to get into that ten items or less line and because of my haste, my overwhelming bearishness, i had the american stores buyout along the magnificent buyout on soon out after i left the store. do not repeat my mistake. after the break i'll save you more money. >>> with apologies to the great carol king, it's never too late not to know what you own, anyway. knowing what you own is more important than ever now because we live in a world where too many people never met a disasa r they didn't like. you can bet that the press will go into total disaster financial mode. hurricane disaster life, day after day, the more sensationistic and frightening, unfortunately the better. everyone is addicted. it's a way of ever geopolitical issue and crime and punishmen

. >> it's under investigation, and the bottom line is there are a lot of different procedures not in hospitals. >> let me go through that again. we don't know all the facts on joan rivers' case yet. we don't know if she got propof propofol, we don't know the procedure. i suspect it was an endoscopy, i suppose it was propofol. she is 81 years old. she had be screened by her surgeon beforehand. endoscopies are notorious for picking up problems and keeping people alive. it's been studied, it doesn't matter what age it is. no matter what age, this is a safe procedure. the problem comes with the anesthesia. the american society for gas o gastrointestinal says, we want moderate sedation where the patient can be easily awakened. with an elderly patient, 81 years old, you would give less, you would watch the patient much more closely and monitor the anesthesia much more closely, and i personally, by the way, would not send my 81-year-old patients to a stand-alone facility. >> can you go to a hospital? >> absolutely. i can't say that as a rule, by the way. i can't say there aren't exceptions.

. >> bottom line, we've run out of time, first and last word from sabrina. >>> president obama's big speech to take on isis, missing a big threat on how they want to sneak across our borders. >>> first, buying marijuana with welfare benefits. it's happening and it's totally legal. is it time to send that benefit up? smoke? ♪ over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing. ♪ hey, i notice your car yeah. it's in the shop. it's going to cost me an arm and a leg. you shoulda taken it to midas. they tell you what stuff needs fixing, and what stuff can wait. high-five! arg! brakes, tires, oil, everything. (whistling) >>> this is the fox news alert. a person of interest is being questioned by pennsylvania state police after investigators say a gunman ambushed two officers at a state police barracks in northern pennsylvania. one officer was

i will tell what you that could mean for you and your bottom line. re the headlines you see, i am talking about you and interest rates coming up. >> trafficked labor on the front lines? >> they're things, they're commodities... >> we go undercover... >> it isn't easy to talk at this base >> what's happing on u.s. bases? >> the tax payer directly pays the human trafficker >> fault lines al jazeera america's hard hitting... >> they're blocking the doors... ground breaking... they killed evan dead... truth seeking... >> they don't wanna see what's really going on >> break though investigative documentary series america's war workers only on al jazeera america >>> good news, america, the federal reserve today decided to keep interest rates near zero for the time being. what duds that mean for you? not much immediately. the interest rate that gets everyone worked up every time the fed meets is the rate the fed charges banks to borrow money. in theory if that money comes cheap to banks they in turn will make loans particularly mortgages, cheap fore consumer

bottom line is, it's done, the fine's in. all. that whoever said that bankers could buy the government off. uncle sam's latest push by making them pay up by lock them up. . neil: some big bang big shots thought they could get off paying big fines, big news, not so. because the big stay out of jail card for which many bankers were willing to pay millions, not so fast. republican senator richard shelby pushing to go after individual bankers for criminal wrongdoing that would go above and beyond multimillion dollar fines. senator, when i saw you teamed up with senator warren, i looked outside, are pigs flying? tell me what's going on here? >> i don't think i teamed up with her, i think she brought up a subject in the banking committee that we probably differ on some ways, but we're both amazed at how you can extract fines of 35 to 50 billion dollars for criminal wrongdoing, and nobody is held really individually accountable. neil: so what do you want to do? what do you want to do? >> well, i don't want to do anything, that's not my j

campuses don't care about violence against women they care about their bottom line. it's the first step in the right direction. if we are going to have consent at the heart of the operation, rather than limiting, sex and violence, if we have consent have it be affirmative consent have it be yes. because oftentimes these perpetrators aren't interested in what the other person is thinking or feeling. it will solve problems it just doesn't solve them all. insight. >> thank you. >> increasingly a threat elsewhere in the world. another american doctor exposed to the ebola virus is being treated on the u.s. soil, at the national institutes of health hospital right outside of washington, d.c. after being exposed to the virus after working in sierra leone. liberia's medical exam mer put herself oexaminer putherself one after her assistant died of the virus, the numbers could be higher. sierra leone is one of the worst-hit and is expanding its quarantine efforts. after the officials indicated the lock down was a success. "america tonight's" lori jane gliha reports. >> house t