alan greenspan and athlete carmelo anthony, the digital athlete, coming up in the second hour.tomorrow. >>> thank you, bill. yes, welcome to "closing bell," everybody. we have a busy hour ahead. here's how we're finishing. dow jones industrial average adding 54. and the s&p up 7. helping the nasdaq today might be performance of apple finishing up a couple of bucks. let's bring in today's panel. joining me is stephanie link. chris wallen, our very own kate kelly and with us with more on the market action is trader john najarian. welcome, welcome, one and all. >> great to be here. >> stephanie, is this just a snapback effect? the market is under pressure for a couple of days, rates moving higher. do you buy, in other words, the rally today? >> there's two things to look at. oil prices. oil prices down 15% from their high. now, on the negative side, people say that's global demand slowing but i would say on the positive side that's good for the consumer as well as for corporate profits and the input costs are coming down and encouraged by that. number one. and number two, the bank

it's from 12:00 to 3:00 today at the carmelo anthony youth development center. to see you. it will be a great event. that's a look at the weather across the country. now here's a peek out your window. >> good morning. i'm storm team 4 meteorologist chuck bell. it's in the 60s across the immediate metro area. 60s on the map, gaithursburg and winchester at 59 degrees. that early morning coolness is burning away quickly. 75 by noon. today's high in washington, near 80 degrees. even warmer tomorrow. temperatures mid 80s tomorrow. a small chance for a few showers, probably not until after the sun goes down tomorrow. the week ahead looks co >>> and that is your latest forecast. lester. >> dylan, thanks. still to come, we will talk to the first people who got their [ male announcer ] this is tailgating. and this is how we tailgate. this is your team. this is your position. this is the play. and this is what is on the menu. because with 20 piece chicken mcnuggets for 5 bucks... [ sports announcer ] and he's intercepted! [ male announcer ] ...interceptions are encouraged

in sports, carmelo anthony is making a name for himself in the world of investing.m the bloomberg sports business summit. in the nation, a wage war. protests in

when "ad week" magazine asked me and carmelo anthony to shoot some hoops and talk everything from ourin. do you think people stereotype you? >> the only stereotype i get a lot, when you do the other business ventures. oh, he's an athlete. i hate to hear that. oh, he's an athlete. he's focusing on playing basketball. i try to do a lot of different stuff, from fashion to tech to art to, you know, just broaden my brain. basketball is my foundation. but i use that as a launching pad for everything else. >> you have an entertainment. where do you see yourself in five years? >> we have a production company or management company. i have three throws i'm on now. and i see myself in five years on a yacht in the caribbean. done. i'm joking. >> i'm with you on that. >> i love to work. >> yeah. >> for me in five years, i hope to continue expanding what i'm doing. and kind of taking opportunities as they come. what i do now, is nothing i would imagine i would be doing. they are opportunities that i was able to take advantage of. i made a dunk. i have a question for you. how many pairs of shoes do

noon to 3:00 at the carmelo anthony health. we have it all. i'm already here.ou will be joining me soon enough. anyone in the area, please come on down and check out the health expo. our producer kristen powers has been working to get this thing up and running. i want to give you a look at the forecast across parts of the country today. it is a little cloudy, but clear out in baltimore. we are going to see our warmest temperatures further away from here. we should top out 5 to 10 degrees above average in the midwest. in st. louis, 89 degrees. out further, it is hotter. we should be in the 90s today. medford, oregon, 99 degrees. that is 20 degrees above average for this time of year. it will stay hot through the weekend. we have a cold front to trigger storms back through the midwest and up across the plains. hail and wind gusts are a threat. we could see more rain in texas which is an area hard hit by floods. a few more >>> good morning. 6:04 is the time. waking up the clouds and fog across the bay area temperatures are mild. in the 60s from the north bay to so

have the crown jewel of the new york knicks, carmelo anthony. this guy is a business icon.rant who penned a $300 million sneaker deal with nike. think about it. nike has to sell a lot of snake useeakers. >> he has his own investment arm. see putting that money with technology? >> he has become a big tech investor. he has a bunch of different verticals. he will dig into all that. his wife is a huge lifestyle brand. he has become much more than simply a basketball player. the fact that he is going deep in tec is saying that he will have a life beyond basketball. many of these players are taking that magic johnson model. you have to cash and elsewhere up court. -- off the court. >> stephanie ruhle, thank you so much. we will be keeping our eye on all of the interviews. thing we are big time keeping our eyes on, what's happening in europe right now. the rates decision is imminent. we get the decision momentarily and then the press conference at 8:30. what are we looking for here? >> we are looking for a number of things. we could see some sort of rate cut. -- that isee the prob

big guests all day long, including the milwaukee bucks lasry, nba commissioner adam silver, carmelo anthonyyork knicks, and new york yankees president randy levine. get the latest on your tablet and on bloomberg.com. that does it for this edition of "bottom line." i'm mark crumpton reporting from new york. markets" with matt miller is next. i will see you tomorrow. >> it is 56 past the hour, which means bloomberg television is "on the markets." not terribly exciting for the s&p or the dow jones industrial average, both indices little changed. the s&p has slipped slightly numberhe insignificant of 2000. the nasdaq is looking at a real drop of 2/3 of 1%. also want to highlight some of the financial stocks. take a look at jpmorgan and bankamerica. banks are down about 1.25%. jpmorgan was upgraded from a buy to a neutral. it had been up. you just saw it go down in front of your very eyes. the firm said that rating changes were berst -- based largely on each bank possibility ability to deal with new capital requirements. they voted to put a strict new set of standards on large banks to moderate

it is missing recognizable games like lebron james and carmelo anthony. >> this is by far the biggestaccomplishment of my life so far. i did it with--we did it with a bunch of guys who came together on july 27th, and we've been together every day since except for the ten-day period where we had off. this feels amazing. this is one of the greatest feelings that i ever felt. >> i'm excited. this is my second gold medal. four years to feel this experience. it's as special as it was in istanbul. just happen to be part of a new group that's experiencing it, and i'll take this back to the states. a lot people who are watching back home, are switching over from football to basketball to watch this, and we're happy to get it done. >> the minnesota vikings will look forward to the decision on adrian peterson. he is charged for child abuse for hitting his child with a stick. the domestic violence policy came in wake of a video showing baltimore ravens running back ray rice hitting his wife. he has been banned from the nfl, but it's been reported that he'll appeal his suspension. >>> the case ha

we're showing video of the celebrities that have been here, i wonder what your brother would say, carmelo anthonyano rivera, what do you think your brother would say if we were here to see this? >> he would be so proud. they all waive their pay, and you can't make someone do that. that's up to them, they are contributing to make it happen. it's an extraordinary group of men and women here who do the right thing and have the right energy and doing it for the right reasons, it's uplifting. >> reporter: the business is doing really well right now. your stock is up 26% year to date. have you this entire team out here that are so dedicated to you, but the company is doing so well. hasn't been that easy for a lot of financial firms in new york so far. what's going on? what is the success in your opinion? >> with interest rates so low, it's hard to sell bonds to people. who wants to buy a 2.75% ten year. we made a big move into real estate. we are near our 52-week highs when most competitors are at 52-week lows, the number of our company are doing great. we have great people that work here. they are gre

they dit without basketball's biggest stars including lebron james, carmelo anthony who decided to sit it out. victory earned the u.s. an automatic spot in the 2016 olympics in rio. >>> new calls for nfl commissioner roger goodell to step down. >> women's rights group flew goodell must go banners over two stadiums yesterday. first banner, spotted over first energy stadium in cleveland before the browns game. the second was seen above met life game before giants played the cardinals. another plane is expect to fly over indianapolis prior to tonight's colts/eagles game. >>> more rumors that hillary clinton will run for president in 2016, where she all but admitted to a campaign and what specifically she says. >>> north philadelphia residents in shock after a pregnant neighbor was gunned down outside of her home. now her baby is fight to go stay alive. >>> a an attack on the pennsylvania police officer one killed and another ambushed but another trooper shot is still alive and could be key to tracking case of who did it. >>> a young boy just walking his dog guess a concussion on the stree

what do alan greenspan and carmelo anthony have in common?will find out later in "the closing bell." but the tech giant microsoft is looking to buy mojang. do you know what it means in swedish? >> printing press? >> gadget. >> printing money? addictive game? >> okay. manager, director of fbr capital joins us now. great to have yo with us. is this maybe a change of heart by the founder of mojang? mr. persson has been vocal in the past. or does money talk? >> i think in this situation money talks. with microsoft, they really need to step up their game on gaming, on mobile, on cloud. when you put $2 billion in front of the founder i think the story changes. and i think that's what you're seeing in this market. >> i will never sell -- how much? how many zeros? you know what? sold. i mean, does it matter to microsoft -- mandy's kids play it, my daughter is addicted to it. but does it make any money? >> $2 billion to microsoft is bread at the restaurant. what they're really focused on is more content, not just on xbox on that hardware gaming platfo

, we look back at my past conversations with magic johnson, charles barclay, lebron james and carmelo anthony. >> i think that i had the best overall game. >> charlie: you're thinking about going to the basket now. are you also thinking about who was there that you could pass off to? >> i react to what they do. they've got to give me something. they can't stop everything. >> instead of grabbing it offensive rebound and shooting it, i'm going to pass it back out, and i kept doing that. so now those kids got a chance to score, and that taught me a valuable lesson of leading even at that time. >> charlie: yeah. i'm big on space. i'm big on trading space. i know if i get a certain amount of space, then i have a chance to put the ball in the hole, and that's the scoring mentality. >> i can remember just five years ago going to china and just recently being there a few weeks ago, how the game has just broadened in just five years. it's huge. >> i think the simplest way to say it is to learn your lessons. if you make a mistake or something worked for you, that's got to go in your memory bank so next

we're bringing you players like carmelo anthony on the business of sports and money behind the game. there is growing skepticism about the piece land from rushing in -- russian president vladimir putin. it still sees involvement in fighting in eastern ukraine. bench mark and straight. a surprising move, new standards were set in the amount of easy to sell assets banks might hold. the aim is to prevent another financial crisis. the parent company of kfc and pizza hut says same-store sales because have fallen 13% of a food scare. yum gets half of its revenue from china. back overseas, president obama is in wales today with other leaders for a two-day summit. the first nato session are kicking off right now. the conflict between ukraine and russia will be a top priority for nato, which took a firm stance against his old foe from the cold war era. as we kick off this meeting, what exactly is a method to play out? >> the big theme is ukraine. we got these hints yesterday from the russian and ukrainian president that they may be on the cusp of a peace deal. the important thing to look for

you know him by carmelo anthony of the new york knicks. and randy levine.last night. i'm going to make him answer to why the team was looking the way they did against the sox. huge day on bloomberg tomorrow. >> right now it is 56 minutes past the hour. here is senior markets correspondent julie hyman. >> the s&p 500 hitting another all-time high as global stocks a cease-fires for between russia and ukraine. joining me for days options insight is a derivatives strategist at baycrest partners. if you look at the major averages, we are not necessarily seeing a lot of decisiveness. the s&p earlier hit a high but now it is down a few points. what are we seeing options wise? decisiveness being expressed through the options market? >> not really. this is a low-volume environment. is around 12, which isn't surprising. i think everybody is just taking a look at their books and setting up for the next big event, which is september 15 when the fomc starts. >> payroll is coming out on friday as well. >> we have had multiple instances of those without much action in the

carmelo anthony is here somewhere and will you l somewhere and will you listen to some things?d school. >> how about you? >> that was my first tape, cassette tape. you know i and down with that. >> that was my generation. a great day, and as you know, great money not just for the families of 9/11, the family has been giving money to the victims of hurricane sandy and victims of this horrific tornado in oklahoma. a lot of celebrities, sports stars, we have to remind everybody it is the day to remember. never forgets, we are going to have more interviews. we will talk at 3:00 p.m. how important this day is to him. he lost a lot on that day, joining a little later on today but for now i will listen to run b and c. dave: the one investor who says there is money to be made in iraq. still. he makes his plight case coming next. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight near

steven kerr and carmelo anthony. dwyane wade, chris paul, kyrie irving and james harden.e? all black men. like more than three-quarters of the league's players. and yet one soon-to-be former team owner who has profited thanks to african-american players on the court suggested that the way to even get more profits is to get black fans out of the stands because in his mind a white fan will buy a black man's jersey but won't sit next to him at the game. so is that racially problematic thinking or just savvy marketing? that's next. i wish... please, please, please, please, please. [ male announcer ] the wish we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose. a new promise... to help all those wishes come true. cvs health. because health is everything. cvs health. this is holly. her long day of outdoor adventure starts with knee pain. and a choice. take 6 tylenol in a day or just

so we have carmelo anthony coming. ben stiller's coming. edie falco's coming. york is coming. you name it. it's across the board. all the sports stars, movie stars, america's top models, supermodels coming. always popular with the guys. basically everybody who's in new york comes and helps us. and then we help their charities out. and so that's sort of the give and take. all of our employees are waiving their day's pay. i want to make it fun and exciting for them and make it fun for their clients. we had lady gaga come and she was singing "poker face" into the phone for guys doing trades. >> howard, thank you so much for what you've been doing all these years. but i also wanted to point out there's a story, your sister edie who runs the fund. there's a story about her in "the wall street journal" today. she was a labor lawyer who gave up her job to run the fund. it's pretty phenomenal what you and your sister have both done. i want to point that out to people too. >> i mean, look. my sister -- our saying between us is to talk to these families, they all have br