who you elect as cit city and town representatives, they hire the police chief, the fire chief. this is why you need to have organization, you're going to see that--i think you're going to see people there finally realize they can't be violent. the --can't be silent, they can't complain. it means that you have to stand up and use the power that is in your hands. >> it doesn't mean that the city council has to be two-thirds black. it just means the powers are in your hands. let's see if whites still win i want to see if more white folks vote. i want to see where those precincts come from. if you're 67% black if you look at those numbers you probably had an organized effort when it came to white folks who live in ferguson, so you don't need a large number because african-americans are not turning out. seize the power. >> let me ask you this, are a lot of african-americans who moved out of the st. louis city, to the county, they're republicanners in ferguson, missouri, as opposed to more white residents who are homeowners, does that make a difference in feeling connected to your co

will cit ever be a universal bank? >> no.ersonally i and try -- i enjoy trading businesses but that is not what cat is good at. cad is good at lending to middle-market companies, collateral and managing pools of assets. >> great to see you again. thank you for coming. let's not make it 11 months the next time around. you might call it a transformative deal. there has never been a day like this for the sprint corporation. picking a new ceo and pulled out of the potential megamerger with t-mobile. ♪ >> live from bloomberg world headquarters in new york. this is erik schatzker. >> the morning once again. i am erik schatzker. >> great interviews. grateful show already. >> a very busy morning for actual news. big reported deals in the media and tech space. starting with t-mobile and sprint. ending the courtship of the upstart rival. alec sherman is here. did they fire dan -- dan hesse he? what did they actually do? >> it is hard to say if they fired him or not. i think he knew the writing was on him -- on the wall. britain's buys

i think the ootther thing is we aa all feel and hopefully, we'll shape it it involves oother cit departmen departments we need the conne connectivity with the oother vie presidents especially planning and the fire to make sure things are easier four our customers s when they come in they don't h v have to run to the center to deal with one major project >. just a few quick questions and director if you don't have the queries or answeqhe answers it's about 4 add and 60 square feet how much dbi b lwil be of the commercial space we'll be looking at. to swanswer - a >> i nunderstand. >> we've negotiated with our tsa is the agency to arrange we're still talking about space study and how much the inspectors should occupy their space and playing checkers for furth future i need to have a bigger space because maybe t10 years o from now we need to have more space. that's why, you know, it's hard toard to discuss it what kind of a spaces and the folks are negotiating with me right now i have whyhave no idea >> the good news is the mrplan for the future of the growth. >> that would b moe more trainn

david hikingin both am, a gun writer and reviewer tracks and cit ekes new firearms and understand whyhe gun lobby is against technology. >> you have to access the gun, the gun has to work instantaneously. this is an industry that measures success by hundreds of a second. talk to law enforcement. they talk about the response time, the split time between shots, how fast can you make one shot or follow up shots. how accurately can they be made. beyond that you trust your firearm to your watch. what if someone overpowers you. >> if this is taken from you and the person is larger. one thing you can do is we can manually deactivate the handgun. if i knew of you and i, and you take the gun. all i need to do is press the deactivate. >> that's like a panic button on the watch. >> yes. firearm. >> in my mind it's a dubious proposition. watches go bad. how many batteries do you have to change. how reliable is the technology. what days do you have between accessing the system? what happens if it fails? there's something else standing between you and pulling the trigger. >> reporter: despite the o

what does this do for the cit s bottom line? >> reporter: the weather here really fits the mood here on the boardwalk tonight. the mayor of atlantic city released a statement saying, this might be revel's last chapter but it is not the last one for the building. there's certainly a question about what if revel ends up vacant and boarded up on the boardwalk? what if that happens to other properties as well? >> i think this region could slip into a recession, even a mild depression. >> reporter: it's the first time industry expert roger gross has uttered those words this summer. with no buyer to immediately save revel and showboat and trump plaza threatening to close, the news is more dire. there's more finger pointing. >> this isn't a surprise. the city should have been prepared for it. the politicians seem to be shocked. >> if in 30-something years of cl in the eastern united states we didn't get our act together, shame on us. if we're pointing fingers, we will never fix it. >> reporter: this man is an atlantic county free holde

in the court case of vagara versus the state of california, a judge decided that the tenure cit system has to go. was it proven, can it be proven in court that a tenure system lands more heavily on the backs of kids who need what public schooling has to offer the most? >> as judge troy found the evidence was overwhelming. really, the unions and state admitted first low income and minority kids were getting a disproportionate number of grossly ineffective teachers. and it shows if a kid gets a grossly ineffective teacher for one year, they lose a year of their life. and the grossly ineffective teachers were being shuttled in the low income and minority school districts. it wasn't even a close call in terms of the evidence. and the other thing that is special about california is our constitution includes a fundamental right to quality education. and education is really the launching pad, the platform for kids succeed in life, society, and across the board and to have low income and minority kids getting the brunt of thighs laws. our experts were harvard, stanford from around the country

it could suggest they are trying to push forward into the cit city ukrainian forces telling us a military was shot down in the luhansk area. the pilot ejected. >> brings to 15 the number of military aircrafts shot down by the spraftists. it suggests they do have a degree of fire power and that the ukraine engineer forces still can't rely on air supreme court super orty. some of the trucks did move forward closer to the border. the international committee says it doesn't have the security guarantees to take them across yet. >> pakistani opposition politician imran khan called on followers to show strength as he tries to force the government to resign. khan and choudry lof thousands f supporters on friday. they are sdmanlding the resignation defendant prime minister. >> in islamabad. >> it appears that the government of nowarshrif. ceiling off islamabad after the threat of protest by imran khan who has come into town. a venue not frar from imran khan's protest venue. it's important to know while choudry is there with devotees and supporters, he has a different aim. he wants the whole system

congressional budget office or sbo is cutting its projection for america's' economic growth this year citsurprising weakness in the first half of the year. the u.s. economy will grow 1.5% this year. in february it was expecting that growth to be more of a robust 3.1%. the report paints a rosy picture for the next couple of years. 3.4% growth in 2015 and 2016. driven by business investments, consumer spending, faster household formation and increased home building, and the cbo thinks the slack in the labor market will largely disappear within three years. the revise ed forecast i applaud the budget deficit, the shortfall for what the government pays out for programs and the money it takes in for revenue s. the report is worried that the debt load is not going to be solved. the debt of gdp will hit 74% this year. that's the highest level since 1950. and if capitol hill does not get its act together it will rise to 77.2% in ten years. as a result we should expect some, quote, serious negative consequences. bill hoagland agrees. he said it not only hurt the economy but weigh on the living sta

david is married to his lovely wife nicole and is loving father of david, mchale, cit and betty so our good friends david cross. [applause] >> good morning, everybody. it is the delight and an honor to be here at the franklin roosevelt library to discuss my book. when i decided to take a road trip across the country to visit all the presidential libraries i really had no idea what it was i was going to find and i had no specific point of view at that time. i had heard the academic criticisms that these are all the giant mausoleums for ego, that they don't confront us in of with both sides of the presidents and the most damning of all criticisms that academics have levied, that they are like theme parks, that young people might come to these places for fun. so when i came, i didn't know what i was going to find and the first library i visited happened to be the franklin roosevelt library. that was pure serendipity. i live in philadelphia so it was the nearest one. i came to this library and fell in love with this place and i can't say none of these criticisms are ever worthwhile. i foun

. >>> heavy delays 395 authority bou northboundun cit ketrt. >>>nd y for joining us thorn. this morni >>> the "today" show is next. we're continuing to follow the d.c. detective beinot multiple times. >> make it a great wedsd, every. >>> good morning. under water. record rain triggering historic flooding. on the east coast some places see a month's worth in hours. two hotels evacuated. while roads washed out in arizona and it's not over. >>> indelible. lauren bacall. one of the most glamorous stars from the golden age has died. >> you know how to whistle, don't you, steve? you just put your lips together and blow. >> this morning the sultry gaze, distinct voice, and iconic style that made her one of a kind. >>> l

>> and coming up, part two of my extensive tour of the e old cit with ambassador gold. and later, more highlights from prime minister netanyahu's conference today. and i'll talk to one of his top workers. but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at mybreo.com for over 19 million people. [ susasan ]

you can deliver a snake bite victim, the anti-venom they need and cit can go to places that don't have functioning roads. the product, the engineers here talk openly about this being a product, talk about sort of removing the friction from delivery services. this is undoubtedly a commercial enterprise. it's worth billions of dollars by some estimates. >> all right. so, how soon could we see these? >> that is always the question with these sorts of moon shots operations that google is pulling off. yet again, just like with their self-driving cars,th i think the engineer are way out ahead of the lawyers. we are many years from this being possible even from an engineering standpoint, it's pretty hard. they are not at a place where they could reliably hit a target the sides of a doorstep from 200 feet up. they don't yet have a good sort of precision navigation system for weaving between buildings, let's say, in a city. this is part of why we are seeing this stuff being filmed in australia where sort of the footage that they shot and released today was shot. but it's also because here in th

you can't build something that grand in atlantic cit the market doesn't call for it.eil: what went wrong with atlantic city? more than the bridgegate thing, the travails are going to haunt it? >> you think so? the got fat early, they never spread the moneyaround. they ner went to ethe side of town. neil: like vegas expanded. vegas became a cowyown. i' out there thisyear, it'slike familytown. il: way hadette they id, t did. yoe o tn tap. what in h chirigw? fhoe seb bete, ild tl yothat christie will neil he mromney's name mentioned. >> i voted for mitt romney. not ashamed to admit that. governor christi th swagger, the conviction. you watch him -- he's playing around the rest of the country. bridgegate doesn't matter. neil: know who has super high name recognition and i'm reading the star ledger, joe piscopo. >> gee-whiz. you know what? it ain't over until it's over. neil: everyone loves you. >> i'll say what i want, and i know the issues. >> you will obviously dress however you feel. so you're not a slave to fashion, you're your own man. would you consider it? your nam

jackie robinson, that came out last year, they have one little part in front that talks about the kansas cit monarch. you know, you don't see any not footage. so i think not only the kansas city monarch, a good movie coule be written about the black baseball experience. i think the -- you would need somebody who kind of knew what d was going on to write a good o movie it it. i might mention, too, when i first started doing research onh the negro leagues, going back to the early '80s, i've seen so gs many things change. when i first started doing research, people said, oh, you won't find photographs. of course, after i found 600 --, actually i found close to 1,000. "t)l"egro baseball leagues: a photographic history." people didn't believe you couldo find pictures anymore. i killed that myth. and now i'm also trying to popularize the fact that the monarchs and these teams in them negro leagues played in all t these cities. there's so many greatciti storia that could be told. hopefully i'd like to see in my lifetime, as well. >> thank you. i had a coach and teacher in hi junior high that played

my recollection, and it could be a bit fuzzy, was that the $50 billion came out because at the time citwhich was a nonbank financial institution, they decided not to bail out, and it was slightly below $50 billion, and i think as my recollection is that tied people's hands at the time, that they couldn't go, so they said it has to be bigger than cit so let's call it 50. i think it's reasonable to think that regional banks if you fixed the resolution mechanism so it didn't cause bigger banks if they failed you could exclude regional banks. once that primarily do commercial banking are as big as 200 bltz rig$200 billion right . i personally knowing a fair bit about banks wouldn't be shy at all and would shoot for some number like that. if it was a regional, regular, run of the mill commercial bank with not a lot of capital markets, not a lot of risky operations, i don't think that would be unusual at all. but i think you need to fix the resolution process so if they do get in trouble, they fail and they're broken apart. that has to be fixed in the fdic. >> that was clear in your comments

the congressional budget office, e ise their stuff, and cit used these governmental institutions with responsibilities to write about this legislation. procedural history is just a list of this happened on this day and then this happened and this happened. with the debate, that is one of the places i would like to see more editing happened. because so often, it is easy to find what one side is saying about the bill, and not to find with the other side is saying. especially with bills that pass under suspension. , who gote who won their bill passed, are very proud and pleased to announce it and say look at this great thing we did. it is easy to find what they say. it is harder to find the organization who has some great objection to it and see what they say. in terms of being neutral, i try to cite who said it, so you know you're getting this persons up -- person's opinion rather than presenting the opinion as true facts. other than that, people read the article, and sometimes they will not like how i phrased something so, they will change it and that is great. that is how it is oppose

rescue squad call and my favorite detail, john bassett cit in the ambulance driver $100 not to tell anybody had his brother-in-law hauled away like something out of dynasty. [applause] >> but was any of its true? what did the family inside -- what did the family in fighting had to do with john bassett giving the middle finger to easy money overseas? plenty it would turn out. let's skip to the end of that chapter. was so when i read the end it will make more sense. moment i heard there was a company owner who was taken on big business and the people's republic of china i knew i had to find out who john bassett iii was losing not only kept his small factory going but managed to turn it into the largest wood bed room factory in america. i got on the highway to meet the southern patriarch for, 74 at his bassett furniture company. imac got his insanely twisted family tree at the city library. already called around to get the real scoop about his family feud. i already introduced several henry county furniture workers who were laid off not long after managers showed up to take pictures of the vir

cit on august 4th, two unsuspecting men walked in to a mcdonald's and discovered an extraordinary burgerh heaps of jalapeños... ...for only two dollars. within minutes, they had also discovered the phenomenon of "economnomnomics" nomnom... nom? nom nom the jalapeño double, try it now for just $2 on mcdonald's dollar menu and more. it's economnomnomcial. ♪ nom...nom...nom... the giants hoping to get a little offense to support ryan vogelsong. san francisco put up three runs in the first inning to take the early lead. but the brewers would chip away to make it a one run game before pablo sandoval breaks it open with a 2-run homerun in the eighth inning. the giants win by a final of 7 to 4 and stay two and a half games behind teh dodgers for first place in the national league west. san francisco goes for the series win against the brewers later this morning with first pitch scheduled for 11:10. meanwhile the a's looking to extend their lead in the american league west with a game against the tampa bay rays. but oakland starter sonny gray would not have a good game. gray gave up even runs in

revived cit that does lending to medium-size businesses. the manhattan da will be here as well.rket makers" tomorrow at 10:00 a.m. ♪ it is 54 minutes past the hour and bloomberg tv is "on the markets." let's check in on how equities are doing in terms of the performance. we got a bit of a bounceback yesterday and it looks like stocks are resuming their decline. dows&p 500 and the industrials are giving back a little of yesterday's advance. in the studio with us with the options inside. the question is whether this pullback or bout of weakness is over or whether we are taking a pause. vxx has shot higher material in the last few days. prior to this latest bout of nottility, the vxx had broken 15 in three or four months. it was a long. of low volatility and now we are seeing that come to an end. there is nervousness in the market and a lot of it revolves around the question of interest rates. it is a moving target. >> you have been looking at interest rate sensitive exchange traded funds with more action and volatility? pursuing the high-yield perspective of the credit rate market

and we were taken into one cit and we were in an apartment building, interrogated, and then at nighttimewe were put in a car and driven out of the town into the country side. i'll read a little passage from that time. we're leaving the city.d a pass he's got a gun, josh says, startled but calm. he just put it on the dash.re le in a busy round about, our car swerves to avoid an oncoming e g vehicle. the pistol falls from the dash and scuds across the floor. my heart stops and my mouth goer dry. the pudgy man picks it up and sets it on his lap. we turn on to a road that leads out of town. the city lights fade behind us. where are we going, sarah asks in a disarming honey sweet wer voice. shush, the pudgy man hisses, e. turning around to face us and putting his finger to his lips. the headlights trailing us light up his face, revealing his cold, bored eyes. he turns back to face the fronti theli solitary lights of the country houses stream by like little meteorites, the car fall. silent again. he pick up the gun in his right hand and cooks it three times. sarah's eyes widen. pi her posture

maybe you can put an r f d cit in where things go with china? where are these decisions being made.hy we being so strong internationally? we's that the people who support the debt. stuart: i want to move on. we dealt with the economy. now let's deal with what is going on overseas lose ukraine's president says russians have entered ukraine to fight alongside home grown russian separatists. fox news reports russian tanks and armored vehicles have roldan, canceled his trip to turkey and called an emergency meeting with the security council and where is president obama? embarking on a weekend of fund-raisers from new york to rhode island. senator john grasso is joining us. >> we ought to call it what it is. is an invasion by russian into ukraine. there are a thousand soldiers, tanks, paratroopers have been captured. it is a direct invasion. it is distressing but not surprising. this has been going on for some period of time, first with the russians giving aid and arms to the separatists and going further with a direct invasion and the united states has options and have chosen not to tak

providing opportunities with infrastructure investment and matching funds that will provide other of the cit is with the private sector to inject themselves in the process. >> thanks. one final question. the votes have begun. as you know, we are at a time when we are trying to further reduce our spending and the deficit. still too much. 550 billion. but as a result some of the colleges have been critical of extreme weather mitigation efforts. because they cost the federal government money. the punishment for social communities and other things as well. those who say that taking the steps that need to build resilience are way too costly and therefore should not be taken? if you have any advice on how to better plan for extreme weather events and reduce the nature of risks. fairly brief. would you close us out with that? >> i think we will at the economics week for themselves. we can say an extra dollar invested is a right to save you five or $10 the the fear of budget. that is a compelling argument. i'll take that return any date. the same thing could be said for structure investment. they're

plans wanted the federal government to spend billions of dollars redeveloping the cities, ensuring that citeverybody had a job at living wages, hensuring that everyboda had an income and nobody lived in poverty. you can imagine, too, that theyy participated in the same kind of rhetoric about racial poverty.oa racial discrimination has emasculated the negro male, created matriarchal families. the goal was forming the dependent man into the independent man. that's whitney young in arguing for a domestic marshall plan. baird rustin, the negro family recons can be trreconstructed only whes the negro male is permitted to e be the ecological and psychological head of the i wa family. so thisthis is widespread. it's very few people are saying, isn't that sexist?th some people are. a few people, right? but you can see how even civil l rights leaders are sharing in n that kind of discourse. okay. so we obviously don't get this t kind of approach to poverty, right. we getpo a much narrow we aer -t education and job training. kara? >> i think a reason these big government plans don't work, even now, i