it's a story will find in bloomberg businessweek.ou for coming on the program. -- i don't want to get into what's going on with jared and the fbi now. as far as jared and subway, he must have been a huge boon to sales. everyone feels like it must be fairly healthy. >> definitely. he has been the face of the brand of the company for so long now. he shot his first commercial back in 2000. he has been the subway guy ever since. matt: they were thinking about rebranding him as the family man for subway going forward. >> they were. i know he is married and he has a child, at least one. he would have been the perfect person for that. matt: let's look beyond jared. subway is languishing as far as outside estimates are concerned. they are a private company. what is the problem? >> it's hard to say exactly because they are a private company. analysts and experts have said they have a lot of stores in the u.s., probably too many. those of other stores. -- those stores are cannibalizing sales of other stores. matt: what are they doing to turn t

pimm: viacom -- it is the cover of this week's "bloomberg businessweek."ants mtv.why nobody ♪ pimm: welcome back to the "bloomberg market day." i'm here with -- stephanie: stephanie ruhle. nothing makes me more bonkers and people saying, i'm stephanie and this is pimm. do it on your own. now i am going to say his name -- he is here taking a look at what stocks are doing today. they are on the move. the markets have been open a few hours. look at that, in the green. guest: that's right. i want to talk to you about a couple major movers right now, the acquisition we are talking about is in the insurance sector. ace has agreed to by chubb for $28.3 billion. ace is up by 2%. is at a record high. as for the specifics, ace to own 70% of chubb. the purchase price is a 30% premium on the close. on the mind as we are now in the noon hour. goldman sachs did initiate advice on a few restaurant companies. the target price is $28 with an upside of 33%. our survey shows a steady improvement in outback's value proposition, steady improvements in traffic, and growing resi

read her story, it is the cover story of "bloomberg businessweek."buffett's family foundation secretly funded a revolution of birth control here in the u.s. ♪ ♪ >> good morning. pimm: welcome to the bloomberg market day. senators getting behind the highway funding bill today. but is only a three month extension. wendell congress produce a long-term funding solution? bill shuster of pennsylvania, chair of the house transportation committee infrastructure committee joins us. olivia: plus you can say there is an exchange in the air. will ask about the shift from derivatives to futures. pimm: dump the pump. we will interview to -- introduce you to some saudi arabian investors. is the kingdoms dependence on fossil field coming to an end? ♪ olivia: welcome back to "bloomberg market day." pimm: we are 90 minutes into the

is the cover of the bloomberg businessweek story. left top car wrote this. -- sheila top car wrote this. in a type ofioneer distressed investing that allowed her to take poorly performing loans with companies close to think chris he, bundled them up. -- close to bankruptcy and bundle them up. she has pledged her career trying to save many of the bankrupt companies that she takes over and preserve jobs, rather than liquidating. the sec is now suggesting she has not been totally forthcoming with investors. betty: in what way? are saying she is been marking her loans and investments as being performing, doing better than they actually may be doing, and she has been doing that in order to allegedly collect fees and keep the companies going and under her control, rather than perhaps defaulting and liquidating them. mark: she did not take this sitting down. she has been all over social media, a very angry lady. she's feisty. she is prepared to fight. she is very good at working the media. she prepared a pretaped againstw, a countersuit the

this is one of the features in bloomberg businessweek.chen joins us now from san francisco. highly detailed reporting, but the question is, why no? -- why now? why is this developing now? why is this taking off at this point? e: exactly, carolin when the first human genome was processed in the human genome tookss -- project, it $13.5 billion to do. now the cost has fallen and it $1000rting to get towards per person, and that means you can start seeing a large numbers of people and a across large numbers of databases and seeing trends and see what kind of conditions there are and look for outliers and for people who have are extreme and have really extreme mutations. scarlet: what is the most valuable part of this process? is there a database of people with these genetic mutations? having a database is truly valuable to drug companies now because you can really search for ties between what your genes are doing and what your body and how your body is behaving. the medical did community come to realize the potential power of these mutations,

here in new york, peter coy economics editor of bloomberg businessweek magazine. i'm pleased to have both of them here as we try to make sense of this story as it unfolds day by day. where are we in the continuing drama of what is going to happen to greece? eric: trying to make sense of the story is exactly what we're trying to do. we earn -- learn earlier in the day that alexis tsipras made a counter offer to his european creditors, saying i will take most of what you put on the table but with some conditions. these are not minor conditions. he has some issues with the value added tax, for example. he has issues with pension reform. he wants to delay pension reform. he wants to give parliament an opportunity to weigh in on labor legislation. they sound like small, discrete points, but added up, they are very them or did. it's not clear how well they would go down with european creditors, and i'm talking about the imf and the ecb and the european commission, if they were willing to sit down at the table, but what we learned from the dutch finance minister who lead

it is the subject of this week's "bloomberg businessweek" cover stor. foxte spoke and stephanie ruhle. felix: there were such an innovative culture that came up with these pioneering formats. pimm: reality television. "the real world," "the osbournes," all this stuff. the last big hit show on mtv was "jersey shore" -- stefanie: ugh! at this point snooki has two kids and a husband. felix: and the ceo says we don't actually have a programming issue. when we have is measurement and monetization problem. it is not our problem, it is nielsen's problem, and they haven't kept up with the way young people are consuming tv. what looks like a ratings crisis is just a medicine crisis -- stephanie: he sounds completely connected to young people because he's deflecting all blame. felix: and that is all some of any responsibility for this ratings dive and any need to to reinvest the business. pimm: who is in charge? felix: well, it does feel somewhat rudderless. sumner was forever the leader of the company -- les moonves heard was doing a great job at cbs. felix: but

she called it the "businessweek" cover rule.the time trading publications like "businessweek," "forbes," "fortune," they were incredibly powerful. they you have been featured companies on their covers and when they did the stocks levitated higher. so she had a rule she said never short a company that you could imagine would be on the cover of a great publication. i have augmented this rule and it's simple. never short a best-of-breed company. there's so many crummy companies out there, why short a company that's a standout that can be considered the best of the best. move on. find something better to do with your time. ask yourself, can the company be taken over? if it can, don't short it. in my years at my hedge funds i was short three takeover targets. two had tremendous fundamentals and the third that has the most perfect head-and-shoulder ever that's a negative tech pattern like we do on the charts. the ones with the wicked fundamentals turn out to be disasters. not in time for me but for the acquirers. in one case it was a

here in new york, peter coy, he is the economics editor of bloomberg businessweek. i am pleased to have both of them here as we try to make sense of this story as it unfolds day by day. so, eric where are we? it's late in athens and where are we in the continuing drama of what the hell is going to happen to greece? >> charlie, trying to make sense of the story is exactly what we're trying to do. it's been a heck of the day here in athens greece, because, as you mentioned we learned earlier in the day alexis tsipras the prime minister made a counteroffer to his european creditors saying i'll take most of what you put on the table but with some conditions. and these are not minor conditions. he has some issues with the value-added tax and pension reform. he wants to delay pension reform. he wants to give parliament an opportunity to weigh in on labor legislation. these sound like small discrete points but added up they're actually very important, and it's not clear how well they would go down with the european creditors if the european creditors -- and i'm talking abo

here in new york, peter coy economics editor of bloomberg businessweek magazine.o have both of them here as we try to make sense of

that is the cover story of bloomberg businessweek. tim higgins wrote the story.trouble are they in? : they are doing great in the global market. in the past year, jeans sales has decreased. it is on a one-to-one basis. jeans are as many being sold as yoga pants. asy set out to create a pant appealing to women. olivia: i didn't realize that companies have directors of technical -- what are they doing to compete? tim: they opened a lab in downtown san francisco and they have these men and women working on the future of denim. level,t into the fabric what makes something comfortable they talkedient, about ways to use lasers to contour the fabric in a way to make it look more appealing on a woman. techniquessed other to make this material look and feel like traditional denim, but be more stretchy. olivia: are they going to look like jeans? or are they going to look like jeggings? they don't want to create something that doesn't look authentic to the levi's brand. holding them up, i couldn't tell which one was the new and which was the old. woman to try jeans on as a

you can check out his bloomberg businessweek cover story online.e back with bob greifeld of the nasdaq. ♪ 10:00 a.m. in san francisco, 1:00 p.m. in new york, and 1:00 a.m. in hong kong. mark: this is the bloomberg markets day. the u.s. dollar retreats, but oil is on the verge of slipping into a bear market. from commodities to computer glitches, nasdaq ceo bob greifeld has plenty on his plate to deal with. we will ask him about these issues and much more when he joins us in a few moments. --mark: luber gets the green light, but a debate as it becomes the green light over inequality. betty: good afternoon. i am betty liu. mark: i am mark crumpton. thank you for joining us. let's begin with a look at wall street on this thursday afternoon. sluggish international markets are damp rain earnings that u.s. industrial giants and you see the affected is having on ma

coverage of the continuing crisis -- we're bringing together the best of bloomberg news, bloomberg businessweek, all in one address -- bloomberg.com. let's get back to the markets. not so easy there. david is watching china. david? david: there are so many storylines. before i get to the main markets, let me show you -- it is quite rare we get a drop like this, 700, 800 points for the hang seng. if you want to dig deeper it is the tech stocks. you have 2 on the hang seng index. the no vote, down 10.5%. and you're looking at $.10 -- the big chinese online stock. with take a look at the casino. we are now up only 2.9%. we are well off the highs. it is getting interesting. we're at that point where things get really really interesting. i believe the shenzhen and dekes is just a low bit lower now. we will get to this in a moment, but a lot of these measures are coming through this weekend. maybe a short-term rally? get those profits and get out of there. hang seng index, there was a big drop i pointed out. there we go. 2.7% underwater right now. that is a 700 point drop. 25,000. i should note volum

the bloomberg businessweek article, "who needs driverless cars?" it's a fascinating read.ll ahead, the 2016 summer olympians are risking more than just the gold when competing in rio. betty: we will have the details next. ♪ 2016 summer olympians have more to worry about than just winning the gold. betty: according to an associated press investigation, athlete in rio de janeiro will be slimming and boating in boating- swimming and in waters with dangerously high levels of bacteria. some training have already fallen ill with fevers, vomiting, and diarrhea. is a very disturbing story. according to the associated press, they did viral testing. it will continue up until the games in 2016. the testing found not one water venue safe for slimming or boating -- swimming or boating, according to global experts. betty: these athletes are already under a lot of pressure. how will they survive in these waters? mark: look at this graphic. the assessment found infection risk 99% for athletes. legal coliform count is at least 5% of olympic make samples. human adenoviruses can last for yea

you can read the details on the cover of "bloomberg businessweek."ore of "market day," coming up. ♪ jeb bush has got some big fans and they work on wall street. betty liu is here to explain. lots of campaign donations? of the moste unsurprising developments, wall street has backed these candidates time and time again. jeb bush is at the top of the list and it looks like goldman sachs, their bankers have donated something like 100 or a $4000 in total so far to the jeb bush campaign, ranging in people from the cohead of investment management to one of their advisors, the former head of the world bank. goldman sachs, jpmorgan, morgan's hanley, all of those banks have supported or arson orting those republican ventures. pimm: not the banks, but the individuals, up to a $2700 limit? betty: $2200, but yes. what are the hot button issues that banks want going into the 2016 election? one of them that could be a bipartisan issue is to roll back the shadow banking industry. we are talking about the peer-to-peer lenders, the private equity groups. might he be t

you can read the full article in this week's edition of bloomberg businessweek.carlet: coming up next, massive affordable housing projects in saudi arabia. widely risk and kingdom is looking to help the not so rich citizens. we will be back. ♪ scarlet: at the height of arab spring, saudi arabia's leaders are missed to spend billions of dollars -- saudi arabia's leaders promised to spend billions of dollars. matt: it has been profiting wealthy businessman. breaking ground on a new housing development outside of riyadh, this man knows his country's construction industry means big business. this is among dozens of developments sprouting up in the desert air forming part of a multibillion-dollar state effort to build have a million new homes. >> it is for the people who cannot own or buy or get a house without the help of the government. revenues havey, left the expanding our relation with limiting housing stock. 11, political violence wracked egypt. saudi leaders were worried about overcrowding and low homeownership rates might be a similar instability here. you wil

brendan: it's thursday with a new edition of business week -- "bloomberg businessweek." about the selling of the new harper lee novel. if you look at the features section, you get a look at subway and how miserably it has been doing. you will figure out why subway has felt to keep up. scarlett: we will do a two-hour taste test. tom: we now go into a full surveillance investigative report. do let your -- do you let your kids eat at subway? stephanie: it's not that i would not let them but they would not like it. my children dream of going to mcdonald's. unfortunately, they don't get to go often. subway is a victim of its own success. it was considered the healthier option. we saw them pop up all over the place but now, if given the option, chip oatley and shake shack and others. brendan: they don't have the secular problem where people are moving away from what they make. they over franchised and have competing stores across the street. stephanie: and they did not focus on the actual product to keep people wanting to go into their stores. they are in a conundrum. we will

brendan: i am taking a look at "businessweek." karen weiss has a great piece on warren buffett.er. shameless plug from brendan greeley. "market makers" next on bloomberg television. good morning. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. stephanie: good thursday morning. i am stephanie ruhle. matt: i am matt miller, in for erik schatzker. i missed you yesterday. stephanie: you had me for a a while but i had to get ready for the big dog. a little for you. what do you get when you combine mark zuckerberg, donald trump, and janet yellen? hot, hot, hot and besides that, great cover stories to cover this thursday morning. matt: i get it now. looking forward to that. my favorite story of the morning did you hear top gear, the guys who made the most watched show in the world, got a new deal? and it is not on traditional tv. stephanie: before we get to that, hold on a second. matt: i have watched every single episode. stephanie: any medium? matt:

matt also have to review for bloomberg businessweek.me i have to begin with this question, the character who emerges from the pages of your book he is something of a de-bag, isn't he? he is delusional and self-confident. is this the person you were? the person you are? john: i would say it was the person i was. erik: who are you now? john: now i am a nice family guy with two kids who likes playing golf and lives in the suburbs of texas. erik: how do you make a transformation like that? john: believe me, anyone who finds and reads this book will find some details surprisingly there be a -- outrageous, offensive, -- matt: i woke up one day -- john: i woke up one day and said each year i was expending in hong kong was probably taken five years off my life and i said, i have had enough of this and i will go back and live on the golf wars and take it easy. matt: i say, i am a fan of these kind of books. i love tell all, the fun life of bankers, especially ex-pats and i feel like i know a lot of people who lived that life. but you have said,

the investigation is the topic of this week's bloomberg businessweek cover story.a wrote that and joins us now. i thought it was a fantastic story, first of all. i read it start to finish very quickly, but it is interesting to me that this woman is on the one hand so, at least according to client you interviewed, so intelligent and obviously so successful financially, and on the other hand, has been very unique sort of non-conformist look. i don't know how else to put it. erik: sheila before you answer we are back to mario draghi's press conference. >> whether we need further guarantees or a signature on a third a lot deal with clarity of potential bank and my second question refers -- mario draghi: what is the first question exactly? >> is the short-term financing being discussed efficient for the ecb to raise the liquidity today? mario draghi: yeah. >> the second question regarding the high amounts on the eurozone and that could temporarily corrected that has been talked about in the last week and a half? and it seemed the potential exit was a possibility, i just

a former senior writer for bloomberg businessweek joins us, and currently the host of full disclosure. ♪ host: "the hill" reports that despite progress, efforts could be a dead end in the senate. some ofsenate democrats want t negotiate over spending levels. russian president vladimir putin called president obama to express confidence in the relationship between the two countries. that call to place yesterday -- took

a former senior writer for bloomberg businessweek joins us, and currently the host of full disclosure. ♪ host: "the hill" reports that despite progress, efforts could be a dead end in the senate. some ofsenate democrats want t negotiate over spending levels. russian president vladimir putin called president obama to express confidence in the relationship between the two countries. that call to place yesterday -- took place yesterday, they'd knowledge that they do have differences between the two countries. yesterday, presence of candidates campaigned in new hampshire and iowa. for a question today in the first 45 minutes take a look at 2016, we want to take a look at social issues, especially in 2016, and if you think they will be a factor, invite of the supreme court decision on gay marriage. here is how you can let us know your thoughts on social issues. republicans, (202) 748-8001. democrats, (202) 748-8000. for independents (202) 745-8002 (202) 745-8002,. you can post on our twitter page , @cspanwj. you can also post on our facebook page, facebook.com/cspan. or send us an e-mail,

a former senior writer for bloomberg businessweek joins us area we will take your calls and look for your comments on facebook and twitter. washington journal, live every day 7 a.m. eastern here on seas and. >> on this weakens newsmakers, our guest is american conservative union chair match lack query is --. he gets his own thoughts on the republican presidential candidates including recent comments made by businessman donald trump on immigration. >> i actually heard on the radio today am saying what he was talking about his illegal immigrants. and that's an incredibly important distinction to draw. i think his tone and the words he chose are different from what i would choose, but the fact is when you have a broken immigration system, it's hard to characterize the nature of the illegal immigrants that come into our country. that being said, i for one believe that immigration is a wonderful part of our history. it's a part of our history that i embrace. i think it's a part of our economy that we really have to get right. right now it's broken. i think that what president obama has do