bruce mehlman, always nice to see you. thank you. bruce: thank you. announcer: next on "matter of fact." why have so many latinos decided to settle in this small new england town? and we're talking trash -- literally. how china's decision to stop taking our garbage has sent america into a recycling crisis. so, what's the government going to do about it? prestige creams not living up to the hype? one jar shatters the competition. olay regenerist hydrates skin better than creams costing over $100, $200, and even $400. fact check this ad in good housekeeping. olay. darrell's family uses gain flings now, so their laundry smells more amazing than ever. [darrell's wife] isn't that the dog's towel? [dog sfx] hey, mi towel, su towel. more scent plus oxi boost and febreze in every gain fling. your but as you get older,hing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfi

these are hopes to expand their franchise and democracy it's to gain power bruce go ahead. you know well that's of course that's the definition of a politician the sacrifices principle to gain power i have no doubt that all the members who are in congress are contemplating and it's such an amendment to the constitution look to see whether they would benefit politically i've been up in congress you know for four decades that's what their mind is their universe of thinking is confined will this help me or hurt me moreover i think it clearly betrays a total misunderstanding of our theory of constitutional checks and balances we did not adopt a system that intended to enfranchise if you will simple majority to trample on minorities we have a whole slew of perhaps as many as ten or twelve systems in our constitution that check simple majority rule and one of those checks is the electoral college which gives a little extra weight to the small states so that they wouldn't be trampled by the big states and we've had this system with other measures that designed to check a simple ma

laura: bruce hoffman, thanks so much for that analysis. bruce: you are very welcome.ra: we were just discussing those attacks in new zealand, and the country'sme pinister plans to announce new gun while reforms in coming days. jacinda ardern has backed the changes in principle. the suspect used milityle weapons modified to make them more deadly. under current law, they are not actually illegal. new zealanders are coming to ips with the tragedy, as hywel griffith reports. hywel: shot while saving her disabled husband a three-year-old remembered for his smile. and a high-school student at the mosque with his mother and friends. it is the stories of the victims and not the gunman that new zealand wants the world to hear. it faces the question of whether they were failed. ldhe wave been at the mosque if he hadn't overslept, and his housemate was there, one of 20 friends he lost as the gunman kept on shooting. re>> women and chihave died. very cowardly acts. we are coping the best we can. if anything, this will bring us a lot more closer. we still have our faith, which he

bruce ohr was once the fourth highest ranking member.emember his wife nelly actually worked for christopher steele. she was working at fusion gps and used her husband's position to proliferate the dossiers contents. bruce ohr passed along a thumb drive from his wife to the fbi so that trump haters like to strzok and page could have direct access to hillary clinton op research. and we also learned that both the fbi and the clinton campaign, via fusion gps, they were both paying christopher steele for this so-called intelligence. and we know that steele is being paid by a russian oligark. you have to understand this. steele was getting paid by your fbi, hillary clinton, and the dnc. that's not all. thanks to this transcript, we know that bruce ohr testified under oath about meeting with fusion gps founder glenn simpson. this occurred during the 2016 campaign. he testified that he didn't meet with bruce ohr until after the election. question is, which one of these two guys is lying? we also learned from this deposition that ohr testified he

bruce: it would be up to howard and bruce. are both two self-described value investors.uying low and selling high. how did people like that agree on the terms of a deal like this? i think you have to understand this transaction was not price oriented. we do not sell because we thought we were getting away with something. they did not buy because they thought they were kicking us off at a bargain price. it was a combination. price was a matter of fairness. in this case, the price was set between brookfield and a special committee of our board of directors representing the public shareholders. we were not involved in it. that is as it should be. erik: howard, bruce, great to have you both year at bloomberg. and david, what unique opportunity to talk to howard marks and bruce flatt about their deal, arguably the biggest shakeup in the alternative management industry. david: we want to go over to brussels, where theresa may is speaking. are you preparing to leave the country out of the eu the week tomorrow? >> what is important in parliament delivers on the result of the ref

bruce or he's the former associate attorney general and director of the federal organized crime drug enforcement task force his testimony related to the christopher steel dasi a on trump is now in the focus of the media under review apparently is demoted d.o.j. official bruce or big story in washington those allegations that russian officials have compromising information about donald trump tonight we're learning more about bruce and here's why according to the latest revelations bruce or is looking a little bit two faced here's face number one so the record is clear what the department of justice and the f.b.i. was aware of prior to the first foreign intelligence surveillance act application with your religion shit with christopher mr bush against donald trump when i spoke with the f.b.i. i told the my wife was working for fusion g.p.s. i told them fusion g.p.s. was doing research on don't trump i told them this is the information i had gotten from chris steele now that so lacy is an unconfirmed written by christopher steele is the basis and foundation of the trump russia investigat

first, the bruce ohr issue, coupled with the adam schiff issue.w know, this is going to be a cascading, unstoppable event, where we are now going to have access to all of these interviews, and all of the contradictions that ite pointed out, but more importantly, adam schiff -- remember, he met -- he just ran into fusion gps and glenn simpson and aspen. his staff, ten hours, that is a problem. remember what he did to chairman nunes? he had a fit over the whole issue that devin nunes went to the white house and demanded recusal, et cetera, and then investigation. tell us what you think this is ining.g. >> sean, this is shocking. when you look at the fact that we learned on the government oversight committee that cohen had had conversations withha adm schiff and then we learned from fox news reporting now and lann davis reporting that four trips to new york totaling over ten hours of meetings, that is not just talking to somebody about the logistics of their testimony. that is talking to them about their testimony. that is when coaching can happen, s

and here's why according to the latest revelations bruce or is looking a little bit two faced here's face number one so the record is clear what the department of justice and the f.b.i. was aware of prior to the first foreign intelligence surveillance act application with your relationship with christopher mr steele's bias against donald trump when i spoke with the f.b.i. i told the my wife was working for fusion g.p.s. i told them fusion g.p.s. was doing research. trump i told them this is the information i had gotten from chris steele now that salacious and unconfirmed dossier written by christopher steele is the basis and foundation of the trump russia investigation according to his testimony given behind closed doors bruce or thinks it might be biased against donald trump he testified that christopher steele seemed determined that trump not get elected i provided information to the f.b.i. when i thought christopher steele was as i said disproved that trump be elected so yes of course i provided that to the f.b.i. now at least some in the justice department were actually suspiciou

(mk)bruce abbott, sonoma valley school district assoc superintendent "quite surprising. quite shocking" sonoma valley school district student ipads were pulled from classrooms last week ... after a parent of a second grade student at prestwood elementary discovered sexually explicit adult videos on her child's device.michelle kingston, mkingstonnews"i spoke directly to the mother ... she was in a parent teacher conference when it was discovered. she said she was numb and the teacher nearly fainted."i sat down with the associate superintendent of the sonoma valley school district ... who explained how he believes this happened. bruce abbott, sonoma valley school district assoc superintendent "they put in some, not grbut not too kissing, in which took them to some sites on youtube and they'll give you other images you can click on and they just kept clicking and clicking and clicking and got more and more risque until they saw something that was very inappropriate."bruce abbott says several other kids in the second grade class also accessed the content ... but that's about

bruce bochy entering his final year as he enters retirement. let's check in with our crew out in scottsdale, andrew marden... andrew-- this is a topic that will keep coming up... but has it sunk in for the players.. bruce bochy has been around the game a long time. he was a big league player for nine seasons. he'll be a big league manager for 25. and he's a world series champion...a few times. all the giants players we spoke with had nothing but great things to say about their skipper. bruce bochy...giants manager. it's been that way since 2007. but spring training in 2019 doesn't feel the same, knowing bochy is not coming back in 2020."there's a feeling of gratitude for what bochy's done for the giants organization, for baseball in general. and going out there and be able to bring him some finality to his hall of fame career, i think, would be extra special."it's up to others to decide if bochy is one day hall of fame-worthy. he has three world series titles with the giants. and he's 11th on the all-time wins list...though his overall manageri

that is bruce richards of marathon asset management.sa may on her feet a dozen parliamentarians, discussing the debate that is going to be ongoing for the next few hours or so as we approach the and boat. what she said over the last few minutes is there is no evidence that the people have changed their mind on brexit. >> we back here time and time again and barbara but -- far from providing certainty for the future. guy: i am guy johnson. vonnie: i am vonnie quinn. we are outside westminster, guy and a lot happening in the united states. absolutely. but the political events. let's update everybody with what is happening. the ambassador wrapping up his prepared remarks, ambassador lighthizer saying if the u.s. is china, better rules with if youcantly the u.k. want to carry on following with the ambassador is saying, do so on your bloomberg live go. you will find out what he is saying currently. it is going to be interesting. the big trading story around the world as they focus. let's get back to one element of that which is a brazen deba

bruce: hi, nice to meet you, bruce wright. lemonis: let's ask bruce what he thinks. shouting out your company name on this one, your brand on there, and this one is kind of hidden on there. right now, you kind of just show one picture here. alex: right. bruce: i think you're showing steps at home, but you better show some stuff at home, r.v., all the different uses you can have it, a boat. so, i would say tell the whole story, get it on the back. alex: and honestly, it's not even a picture of the product. bruce: that's even -- yeah. lemonis: what's the retail on this again? alex: $29.99, i believe, for that one. lemonis: what's wholesale cost? alex: $13. thom: half that. lemonis: well, half of that would be $15. thom: right. lemonis: so, is it $13 or $15? you don't know it off the top of your head? alex: i thought i did, but he's having a different number than i did. thom: i'm right until i'm proven wrong. you think you're right, and i think i'm right. alex: but you will not let anybody else be right. thom: it's based on 20 years of experience that i've got this opin

bruce: i guess you always have to eat your words sometimes.ook, i would say it is not something we have ever thought of too often, but as our clients get bigger and our offerings need to be larger, the one area that we were lacking to be able to deliver to them is credit. this business is large enough that it can be delivered to our clients. and many of the other things we could have looked at out there or even building it ourselves, we could have built it ourselves, but it just takes a long, long time, and given the scale of our business and the relationships we have, we just needed something larger. erik: to what degree was this a matter of competing better with blackstone? bruce: you know, look, there is plenty of room for many of us out there. this is a $30 trillion, $40 trillion, $50 trillion, going to $60 trillion market. there is an enormous number of managers that are out there, and we compete with lots of people every day. this is just about us delivering for our clients, that's it. erik: you are both self-described value investors. y

bruce: yeah.: i think you guys have done a [bleep] job explaining to them why they need to own it. lemonis: the latesta deal? inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. uh, well, i, the... so, um... we've got a deal, yeah. lemonis: i'm excited. ethan: i am, too. it'll -- it'll be good. lemonis: all right, my man. ethan: awesome, man. we had fun. lemonis: okay, my man. i'll see you soon. ethan: thanks. lemonis: thank you. ♪ welcome to kenosha! in order to hit the ground running, i brought ethan and jules to my gander outdoors store in wisconsin. what i ultimately wanted to find out is, do the people that work at the stores and the people that shop at the stores actually like the products? what are the things they think could

my interviewas with neil bruce, ceo of snc-lavalin.hery: coming up, we are awaiting the event decision on interest rates. we will have a special report at 2:00 p.m. this is bloomberg. ♪ shery: the federal reserve will announce its latest rate decision in a few moments. with us for a preview is carl riccadonna, chief u.s. economist for bloomberg economics. we expect the fed to hold steady, potentially lower projections with the number of interest rate hikes. -- challenging will it did will it be to stay dovish without implying a cut? impliedcut is already in the market, so this is the hurdle they are confronting heading into the next couple meetings. we have had a slew of weak economic data over the last couple of months with retail sales collapsing, week industrial production, the last jobs report showed a payroll stall. they have to make a nod to that. if we look at fed funds futures for the first quarter of next year, about 40% probability of a rate cut by that time. fed usnd of ties the hands going into the meeting, so therefore, th

so they were using cavalli as well as bruce ohr to get the information.just bruce ohr, here is a member of the state department that was community to communicating with him, having phone conversations with him and discussing those conversations about the dossier with bruce ohr and moving that information to the fbi, what is really significant about this person in particular is that she was nominated to be the ambassador were to when it came out and all of the emails and evidence came forward that she was actually part of this probed that she was actually moving information, actually the senate asked that they stop. and not confirm her. that they wanted more of an investigation, and just recently president trump pulled her nomination for confirmation as ambassador to albania, so she is no longer being considered for her ambassadorship. >> sean: you know, buzzfeed finally published the dossier in january of 2017 if i remember correctly, gregg jarrett, but then we have "the washington post," is a cough, david corn, they were leaking the contents of the dossi

romaine: thank you, bruce. bruce douglas reporting from brazil. thank you. turn to wall street and the wall street beats. let's start with disappointing news for some bankers. slashed bonuses and some employees walk away with nothing. we have our bloomberg reporter. sensitivend of a topic for a lot of our viewers and a lot of our bloomberg clients. is this a trend we are going through? is it just about the performances of the banks, or is there a broader trend with regard to this? >> this was different for firms across the board. one least it -- morgan stanley had a blowout here and it was good for equity traders, for the most part. to see this in a year for equity traders, it is never good for morale. particular,k, in has saved their bonuses for but then performers they gave retention bonuses to a lot of their top performances and the strike price for those bonuses, their stock is less than half of what it needs to be. joe: so it's no surprise that deutsche bank has one bad story after another. the bonuses specifically, how much are these numbers worse than

bruce: yeah.i think you guys have done a [bleep] job explaining to them why they need to own it. lemonis: we've got a deal? ethan: uh... guys go through a lot to deal with shave irritation. so, we built the new gillette skinguard with a specialized guard designed to reduce it. because we believe all men deserve a razor just for them. the best a man can get. gillette. termites, we're on the move.24/7. roger. hey rick, all good? oh yeah, we're good. we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home. voting for your favorite has never been easier. just say "vote for world of dance" into your xfinity v-mo. um jennifer, it's called a voice remote, not a v-mo. yeah, i just think v-mo has a nicer ring to it. so, just say "vote for world of dance" into your xfinity v-mo to choose your xfinity fan favorite to join the world of dance experience on my "it's my party" summer tour. cast your vote by saying "vote for world of dance" into your x

bruce: yeah.: i think you guys have done a [bleep] job explaining to them why they need to own it. that's where i feel normal. lemonis: we've got a deal? ethan: uh... having an annuity tells me my retirement is protected. learn more at retire your risk dot org. for adults with moderately syto severely activeou? crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tb. tell your doctor if you have an infection or flu-like symptoms or sores, have had cancer, or develop new skin growths, or if anyone in your house needs or recently had a vaccine. alert your doctor of new or worsening problems, including headaches, seizures, confusion and vision problems. these may be signs of a rare, potentially fatal brain condition. some serious allergic reactions and lung infl

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