david harding of winton.ly, applying artificial intelligence to what he does as the systematic investor -- a systematic investor in financial markets. they: erik schatzker from conference in l.a., thank you. check out our podcast for extra episodes of our longform show "studio 1.0." it has commentary from brad stone. it's available on itunes and and this week, we are talking startup success stories with the ceo of dropbox, andunder of airbnb, founding partner jessica livingston. up next, atari cofounder nolan bushnell is trying to revolutionize video games once again. we speak to one of tech's most influential pioneers next. ♪ [ soft music ] e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. shoah, ha ha.ew artist. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using your voice. the bil

david harding of winton., applying artificial intelligence to what he does as the systematic investor -- a systematic investor in financial markets. emily: erik schatzker from the conference in l.a., thank you. check out our podcast for extra episodes of our longform show "studio 1.0." it has commentary from brad stone. it's available on itunes and sound cloud, and this week, we are talking startup success stories with the ceo of dropbox, cofounder of airbnb, and founding partner jessica livingston. up next, atari cofounder nolan bushnell is trying to revolutionize video games once again. we speak to one of tech's most influential pioneers next. ♪ iaae-m" >> the printed page of chinese manufacturing slipped in april after weakness in the economy weighed by overcapacity and toand -- factory pmi fell 49.4, below that 50 mark. that is down from 49.7. it highlights challenges for policymakers balancing the need for ongoing stimulus. the imf says rising debt levels have become a significant risk for major asian ec

david: hard to know how to follow that.very powerful. >>> holding out for an upset, ted cruz's last stand. if the senator loses tonight, what does tomorrow bring for his campaign? if a denture were to be put under a microscope, we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a

david: hard to take issue with that gentleman. >>> facebook is denying that is censors conservative newsle favoring liberal topics. coming up jo ling kent talking to aol's ceo about what the controversy means for facebook's competitors. you owned your car for four years, you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls, and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer see car insurance in a whole new light. liberty mutual insurance. your car insurance policy. you just stuck it in a drawer somewhere and forgot about it. until a dump truck hit your pick up truck and now you need a tow truck. does your policy cover the cost of a tow truck? who knows? you didn't read it. you can't even find it. the liberty mutual app with coverage compass makes it easy to know what you're covered for and what you're not. call liberty mutual for a free quote today at coverage compass

david: hard to imagine being respectful of material when it's on a private server. but that's another issue. kathryn, great reporting. thank you very much. appreciate it. >> you're welcome. david: melissa. mellisa: apple looking to take on uber with a 1 billion-dollar investment in a chinese ride sharing rival. apple ceo tim cook says apple is making the investment for a number of strategic reasons including a chance to learn more about certain segments of the chinese market. all of those ahead of tim cook's scheduled trip to china in a couple of weeks. the country is apple's second largest market after the u.s., and it accounts for about $59 billion in annual sales. david: all right. how a genetically modified mosquito could actually be the answer to the deadly zika outbreak. plus the tsa under fire for those long lines and they're getting longer, folks, at the airport. the growing cause to actually abolish the tsa all together. >> recent events across the world confirm the continued need or vigilance when it comes to aviation security. ♪ in new york state, we belie

david brooks: it's hard for me to imagine but have been wrong before. is 25 favorability rating to 60. andou get 60% unfavorable your unfavorable rating among women is 75% that unless you turn minds around you are doomed. amongunfavorable ratings the total population of been very stable for eight months. charlie rose: how did it happen? if he has all these qualities are lacking qualities. he is on the precipice of getting nominated for president. within a heartbeat of the presidency. there was a nicholas compass or a nicholas comes piece on the front page of times. the parties the party of the white working class. they spent 25 years taking their votes and giving them nothing. a slow building and political wave in this culture's been going on for 30 years. we live in a diverse country. there are two ways to govern it. one is through negotiation and style and compromise. it's unsatisfying. that is politics. the other ways through force. you just get a strong man to bully his way through. we've gotten sick of politics and second compromise especially in t

british pm david cameron learned the hard way after some statements he made ahead of an anticorruptionummit in london went public. the diplomatic faux pas landed him in hot water. >> david cameron was not at his diplomatic best chatting to the queen as head an anticorruption summit in london. the british prime minister singled out two of the attendance. ts. nigeria is fantastically corrupt. nigeria and afghanistan are possibly the most corrupt countries. >> they criticized his comments, calling them embarrassing and unfair respectively. they may have been outspoken but they were not untrue. the countries rank at the bottom of transparency international's corruption index, though the u.k. has its own problems. >> we should not forget that the u.k. and its overseas territory and crown dependencies are a big part of the world's corruption problem. >> the 11 million leaked documents that comprised the revealedpers scandal widespread tax avoidance and innovation by the world's powerful and wealthy and the u.k. appears almost more than any other nation. cameron himself has said the u.k. must

david: hmmm. melissa: president obama speaking at howard university graduation ceremony in washington, d.c., totally discounting hard you heard the president say successful are also lucky and don't realize it. problem is, if it is just about luck, faith and hard work has nothing to do with it at all. melissa: why all the people sitting in audience listened to him work so hard for all the years to get that degree, get money, why did they do that if it is luck. what a message? david: it is not the lottery. melissa: risk and reward is next. >> i come up with the biggest tax cut by far of any candidate, anybody. and i put it in. that doesn't mean when we're going to get. we have to negotiate. the thing i'm making sure the middle class gets good taxes, tax breaks because they have been absolutely shunned. the other thing i will fight hard for business. for the wealthy i think frankly it will go up. you know what? it should go up. deirdre: presumptive nominee donald trump saying he plans to tax the rich more but trump wasn't done. he declaredfy what he meant with our very own maria bartiromo this morning. >> i'm not talki

david: it is hard to say. it does turn out that one drop might not change everything.ve not really owned up to that. one of the things i find tragic about the story is that for all the criticism and questions, elizabeth holmes has not directly addressed them. all she did is come out and say the same things. i cannot really tell you, but it works and it is going to change the world. ultimately, that is not sufficient. it is sad to see a company which seems so promising brought so low. yet where is it today? we do not know who they need a new coo. that is for sure. what people want to see is the data and they have not provided that yet. they have not provided evelyn's -- evidence that the technology works. >> they say they are going to. emily: but it has been months. >> it has been a long time, but they have scheduled august 1. are the next steps? we know these investigations are happening. what are the next steps? >> the first thing they have to do is get their lab in california back in compliance so that cms does not shut it down. thingsve a long list of they need to f

david: it is hard to say, but they have more miles tested than anyone. 1.4 million miles of autonomouswhat the deal is about. to get these tested and on the road, you need many millions more miles. they've only got so many lexus suv with their technologyvs in it. that is why they are getting 100 minivans. both. thank you it is time to find out who is having the best day ever. today's winter is shane smith, cofounder and ceo of vice media. vice and espn produced a new short form series that will air on both channels. vice continue its run of successful partnerships that began in 2013 when it aired its hbo documentary show. it will focus on athletes in sports outside of the mainstream sports realm. that does it for this edition of "bloomberg west." tomorrow, a full breakdown of earnings after the bell from tesla, zynga, an fit bitd. that is all from san francisco. ♪ announcer: from our studios in new york city, this is "charlie rose." him his you call creative spouse, you talked to him as much as he talks to his wife. how did this begin? this working relationship? >> i would be curious t

david: it is hard to say, but they have more miles tested than anyone..4 million miles of autonomous driving. this is what the deal is about. to really get these tested and on the road, you need many millions more miles. they've only got so many lexus suv's with their technology in it. they need cars, they do not have plants. that is why they are getting 100 minivans. emily: thank you both. it is time to find out who is having the best day ever. today's winner is shane smith, cofounder and ceo of vice media. vice and espn have announced a new short form series that will air on both channels. vice continue its run of successful partnerships that began in 2013 when it aired its hbo documentary show. the espn series will focus on athletes in sports outside of the mainstream sports realm. that does it for this edition of "bloomberg west." tomorrow, a full breakdown of earnings after the bell from tesla, zynga, an fitbit. that is all from san francisco. ♪ ♪ manus: headline makers, trump delivers a knockout blow in indiana. the race, sanders beats clinton in t

david: what is so hard about getting this right?g paying -- making people pay for music in the first place. second is competition. there are those -- there are only so many people who want to pay. they want to make that grew bigger. you have spotify, tidal, pandora, rap city, and once people have not heard of. they are offering more or less the same thing, a huge library of songs on-demand. how do you stand out in the market is? one of the reasons why this apple music project has struggled is that it would seem apple would have an advantage on everyone else. carol: they are coming up on the one-year anniversary coming up on music. they have a conference coming up in june. they are going to lay it all out? lucas: that will be the debut of the new apple music. carol: hopefully improved? lucas: maybe they will bring out some more stars. they had drake who had his album exclusively on apple that went number one. they thought there were going to get all of these exclusives. jay-z and tidal have taken a lot of the artists. beyond see was

. >> david muir, abc news, new york. >> hard to know what to get when you can't trust what's on the label>> coming up next insomenynack yak theater. into this old jar. ocket change it's never much, just what's left after i break a dollar. and i never thought i could get quality life insurance with my spare change. neither did i. until i saw a commercial for the colonial penn program. imagine people our age getting life insurance at such an affordable rate. it's true. if you're 50 to 85, you can get guaranteed acceptance life insurance through the colonial penn program for less than 35 cents a day, just $9.95 a month. there's no medical exam and no health questions. you know, the average cost of a funeral is over $8,300. now that's a big burden to leave your loved ones. as long as you're 50 to 85, you cannot be turned down because of your health. your premium never goes up overage builds cash value over time. call now for free information and a free gift. all i did was make a phone call and all of my questions about the colonial penn program were answered. it couldn't have been any easier

david: getting hard to call the yield curve. furthermore, let's bring in michael hansen.ou with us. i want to get your sense about what we might learn from these minutes today. michael: i think the key is to look how the fed is assessing the, both globally and inflation outlook. about junembers talk versus july versus later? it is probably less useful now, three weeks later we have had commentary from other fed officials already. david: you are talking about later yourself, rtu? you're not thinking this will -- aren't you? you're not thinking this will happen in june. good,l: the data is very concerns around the u.k. referendum will have to fade. david: do you expect there to be a tonal difference in the minutes we get today and the statement we got immediately after the meeting in april? michael: there is a risk that there will be a significant minority of members who are much more willing to get going with the rate hiking cycle. there is a bit of a split in the committee. that has been reflected in some of the speeches we have seen the last few weeks. the minutes could

>> there will be evidence later today that david is hard at work.a sell rating on disney. with more than $180 billion in management, mike siegel on where he is seei o

david telephone. this is called the hard-wire, which covered the room in camp david at laurel lodge. this is the eob office. this is the oval office. you could see most of the conversations take place in the oval office and the eob and the telephone. the cabinet room, there are a number of tapes, but the quality is so bad, they're barely discernible. but that is just kind of -- the gray part are those that were not released yet by the time i had started on the project. it resulted in finding a thousand conversations, 600 of which had never been previously released. so how was this system uncovered? how did we learn about this system? i think that the -- it really starts right here -- >> i do not, in fact, know that such a tape exists but if it does exist and has not been tampered with and is a complete transcription of what took place in the president's office, this committee should have that tape because i believe it would corroborate many of the things this committee has asked me to testify to. mr. chairman, this concludes my rather lengthy statement. i apologize with its leng but

hard. infusing nicet of energy into gdp from the housing sector. david: what prompted builders to adjust at this point? the sentiment -- brad: the sentiment has been there. they've felt confident for some time. to see thoseing early signs that this was something here that represented that housing can help the economy. seeing this beginning to stir this morning is good news. you have the average price growing faster than the median price. brad: it's a question of geographics more than anything. you've had certain areas of the u.s. doing better than others. the south is doing well. you can slow down within the northeast. more geographic than anything. david: how are the fundamentals of this market right now? brad: i felt strongly about the fun metals for some time now. we've seen that resonating through the link when season homeowners extraordinarily low -- delinquencies for homeowners extra narrowly low. the fundamentals look good. what was bothering me was this home sales number. you are beginning to see that compounding with the strength we've seen righ

many individuals on the spectrum like david are extremely capable and willing to work hard and would make a fantastic addition to any team or organization. and yet over 80% of this population are not employed. when my co-founder art and i founded ultra three years ago, we set out to prove that we could build a technology company that brought excellence to our industry by employing a truly diverse workforce of people with different abilities. and today we have team members working in 13 states across the u.s., including the home states of many and most members of this committee. over 75% of our employees have asperger's syndrome or a similar autism spectrum profile. and 100% of us believe it's our differences that make us better. thanks to our exceptional team ultra has tripled our refunds two years in a row. we've achieved profitability. and we consistently outperform our competition. and to do that we haven't used a single dollar of philanthropic or government support. instead we developed an entirely new operational model for running a business. one that reinvented how recruiting a

david duke. >> we cannot let barack obama's legacy fall into donald trump's hands. we can't let all the hard work

>> there will be evidence later today that david is hard at work. to one analyst who has a sell rating on disney. with more than $180 billion in management, mike siegel on where he is seeing opportunity in this market. will join us on macy's earnings. jon: futures negative, down by 48 points. europe come after two days of gains, we've rolled over a little bit with the dax off by .8%. you at italian banks specifically. bottom sachs calls the after a day of losses. euro.nger in the face of a lot of slide in the treasury market, 10 year is in focus today. yields still lower, down by a basis point. that call on the yield. does not look so outlandish today. we will talk a lot about the dollar today. geetha ranganathan breaks down disney's disappointing earnings. how the yen is affecting toyota's bottom line. guy johnson has goldman is latest call on the dollar. ahead to theooks vote on dilma rousseff. plummetingisney premarket. it posted second-quarter results that missed analyst estimates. ,e welcome geetha ranganathan live from princeton. let's talk ab

david: airbnb is another example. this is one i was like, i don't get it. i don't get it. reid was on the other side pushing really hard to make it through. we think that dialectic, combined with respect for each other, allows us to get to good outcomes. emily: good that you own that. david: i have lots of things to own. 15, 16 years in this business, if you're not making some mistakes like that, you're probably not doing your job. emily: "the new yorker" article about marc andreessen, in that piece, he called bill gurley of benchmark his newman. who is your newman? do you have a newman? david: we may be each other's newman. john: i don't think about vc's very much. i like being a company that likes being a company. emily: is there competition between you guys? david: john and i come at things from very different perspectives. there are times where john is like, i do not understand what you're talking about. we will hash it through. emily: i understand disagreement can lead to better outcomes. but does it create tension? john: of course. you bring in a sas company and your are arguing with -- our partner neil is ceo of

david, young new hot. >> the grittier, dirtier, more hard core funnier. >> i heard the language. >> raunchier. >> what arelanguage? >> of course there will be a beach full of baywatch babes. kelly recordback is cj. >> can you swim? >> no. >> it's perfect. welcome to "baywatch." >> i want to know about the bathing suits. >> we're trying to sort of modernize it a bit. the zipper is all about and the different material. wet suit material. all the girls have suits based on their personalities and c.j. is the more flirtatious and free spirited of them all. hers is a little smaller. >> stefani by alexander is the more conservative of the bunch. everybody that's afraid there aren't going to be enough, they are coming, they are just not mine. >> here's the tough part of alexandria's gig. zac's love interest in the movie. >> that is just terble. >> hell. >> just awful. look at him over there. it's ridiculous. it makes me cooler. i am so much cooler now than i was in high school. >> you like it? >> and there's a bad guy too or should i say bad lady. priyanka chopra is the villain as victoria. >> only one woman in t

david goldstein says it is hard to tell the difference.>> people buy them and think they are hydrocodoneact have fentanyl.>> reporter: putting out alerts following seven fentanyl overdoses sense of march, 14 died and 52 overdoses in the sacramento area. last summer heroin was laced with it not, hitting san francisco -- heroin laced with vietnam -- fentanyl and it hit san francisco hard. eliza wheeler is manager of the dope project, and they give narcan, naloxone for free . >> this was the worst time of it, people were overdosing left and right.>> reporter: when fentanyl ravaged the city, they reversed 25 overdoses in three months. back 325 in one summer, and that would have been a national crisis.>> reporter: now they are worried about another crisis because they believe that the recent overdoses are linked because the pills have a similar marking. >> we do not want people getting pills off of the streets. >> reporter: they say that fentanyl is likely produced in china, shipped through mexico .>> they can purchase a kilogram of fentanyl from overseas for approximately $3300 wholesale, ge

david goldstein says it's hard to tell the difference. >> people are buying them on the street, thinkingodone. or norco. and they in fact have fentanyl. >> reporter: bay area health agencies are putting out alerts following at least seven fentanyl overdoses since march. around the same time, 14 people died and 52 overdosed in the sacramento area. >> we are worried we're going to be seeing more overdoses. >> reporter: heroin laced with fentanyl hit san francisco heart. the overdoses like clockwork. >> every 5 to 10 minutes, you hear the trucks rolling, ambulance roll in. it was because someone was flat on their back dead from fentanyl. right there in the middle. >> that was an emergency. >> reporter: eliza wheeler's manager of the dope project, they distribute naloxone also known as narcan for free. >> it was so crazy. i was walking downtown during the worst time of it. outside civic center b.a.r.t., it was just wrappers, naloxone rappers. >> people were just overdosing left and right. >> reporter: when fentanyl ravaged the city last summer, her group tallied 345 overdose reversal in just

david goldstein says it is hard to tell the difference.>> people buy them and think they are hydrocodone and they in fact have fentanyl.>> reporter: putting out alerts following seven fentanyl overdoses sense of march, 14 died and 52 overdoses in the sacramento area. last summer heroin was laced with it not, hitting san francisco -- heroin laced with vietnam -- fentanyl and it hit san francisco hard. eliza wheeler is manager of the dope project, and they give narcan, naloxone for free . >> this was the worst time of it, people were overdosing left and right.>> reporter: when fentanyl ravaged the city, they reversed 25 overdoses in three months. back 325 in one summer, and that would have been a national crisis.>> reporter: now they are worried about another crisis because they believe that the recent overdoses are linked because the pills have a similar marking. >> we do not want people getting pills off of the streets. >> reporter: they say that fentanyl is likely produced in china, shipped through mexico .>> they can purchase a kilogram of fentanyl from overseas for approximately $3300

david. the prosecution will likely fight very hard to get the testimony from some of those other accusers included in this case. but it likely would only be admissible if they're able to prove that he had a very specific method of operating. if he's found guilty, he faces up to ten years in prison. david? >> linsey davis, who has been start. thank you. >>> we turn next tonight to some harrowing moments for passengers onboard two separate planes today, taking off from houston. authorities say threats were made. one plane was in the air, and suddenly escorted by f-16s. there were s.w.a.t. teams waiting at l.a.x. airport, first approaching the plane there, guns drawn, and then sweeping onto the plane, checking each passenger. abc's kayna whitworth is at l.a.x. tonight. >> reporter: the tense scene playing out on the tarmac. s.w.a.t. teams, those guns trained on the plane. passengers watching from onboard. >> we saw, like, just a bunch of cars surrounding the plane and the flashing lights and everything like that. >> reporter: two f-16s were scrambled to escort the american eagle flight after the thre

david westin. he was working hard in beijing, not on vacation. rik w.: our colleague schatzker has talked to david rubin thine -- rubenstein. not a lot of bullishness about the market. a lot of skepticism. let's get a check on the equity markets. futures are a little bit softer through much of the session. the footsie -- ftse will have the longest losing streak lang into the bearish sentiment. the dollar is firmer. a little bit lower on the session now. crude oil. matt miller. we have been talking about what is going on with jcpenney. the stock literally getting decimated as they cut back. nordstrom is also cutting back. across retail, especially the apparel spectrum, companies are getting hit hard. consumers are not going to the mall. they are generally spending less. sorry, this is the wrong chart. let me pull it up. i'm going to save this for later. out this here -- this is the savings rate in white. you can see it jumped up to 9% back in 2012. this is consumer spending. what i like to do with this chart really is taken look at it on one axis.

hard. >> you probably read david brooks. does he do right wing for you, kristen? >> who is david brooks? >> you don't need him. forget about it. do you think hillary needs a hobby? >> david brooks, he is on "meet the press" all the time. >> well, anyways, if hillary took up knitting tomorrow would that make you vote for her? >> i don't think so. >> they don't hate her because she does president have a hobby. they hate her because she doesn't have a soul. all she does is cares about being president and is power hungry and is unlikeable. she is like a scorned vial old woman. people would like bill clinton. he would play a sacks -- saxaphone and people don't like hillary. i don't think picking up a couple of of playing needles mean anything. >> that's a hobby. >> and he was likable. >> maybe she can crow -- crochet it. he is up there and i can't believe i made it this far. she wants to win so badly. >> i lost to a community organizer. what is going on? maybe she does have hobbies. maybe her advisors are like, we can't get you -- maybe she is into vaibing and steven s

commander in africa, general david rodriguez, said yesterday it's hard to tell which of many armed groupse aligned with the u.n. supported regime and which have not. we take a closer look at those groups and what the united states is doing in libya. i'm joined now by frederic wehrey of the middle east program at the carnegie endowment for international peace. he was a military attache to the u.s. embassy in tripoli during the george w. bush administration and he visits the country regularly. welcome back. remind us again how libya got to the state, two warring governments the same time, multiple fighting groups. >> ever since the fall of quad ar-- qaddafi there is a governance faction. the country split into civil war, two government, two sets of militias, there is this new u.n. unit government in tripoli that is still very week but the eastern faction doesn't recognize it. so you have this vacuum and that is a ripe condition for the islamic state toin setter itself as they have in the town of cert. >> woodruff: so how strong is isis, in libya right now. >> the estimates are about 3,000 t

they scatter and they are trying to make a living doing that because it is so hard to make a living in ukraine right now. david: it is a really messy process. >> it is an messy process. you have to dig into these ancient pools of water and sometimes these gems are getting damaged and cannot be polished properly. in a way, they are making things hard for themselves because the gems are not as valuable, but it is a desperate attempt to replace lost income. david: what is the ukrainian government doing about it? i imagine it is costing them some money. >> it is costing them a lot of money. so many of their resources are being directed at other things . they are trying to do something about it but they haven't made much headway. david: the cover story is about yahoo! with bids being tendered and people are looking at the tenure of marissa mayer's. what is the story about? ellen: the story looks at all the pressure on yahoo! and whether the ceo could have fixed it. yahoo! is an old tech company as silicon valley goes. it has a ton of problems and a lot of its value lies in its stake in alibaba which will probably s

david: when i went to vietnam it was hard to figure. i was covering anti-lbj demonstrations. i remember when hubert come free -- when hubert humphrey came to florida -- he is only 10 years younger than i am. i didn't have a political dog in the hut on that one. i think it was because i was brought up in an old-fashioned way in the news business, where trying to be objective, we are not objective by nature. we all see things differently. but i didn't have a pro-war, antiwar feeling about it. , ite it was a story directly impacted me, it was taken the lives of people i knew. my career has been based on curiosity. i wanted to see why, what was going on over there. by the time i got there it was already 1971, and eddie adams, our friend, the guy who took the famous picture of the general shooting the viet cong suspect, a person i admired but he was my competitor. leftld me just before i that all the good pictures had already been taken. [laughter] that's the kind of guy eddie was. won the pulitzer prize, something that i did not know i had been put up for. award, ie no anxiety ha

earnings are actually up but the shares have gotten beaten down so hard. davidbianco of deutsche bank. you have a projection of 2200 by the end of the year. had you square that projection with those earnings numbers? >> we pay a lot of attention to the earnings estimates. we do this analysis for every company and the s&p and we track all the macro factors that influence the earnings. first quarter was a week quarter. earnings were down 5%. not many silver linings in the first quarter but a lot of people have taken concern with margins at the s&p. down from 10.5% to 9.9%. if you exclude energy and financials the margins are flat. a lot of stability in the margins. the gap earnings have had a nice rebound. excluding energy and materials the gap earnings are actually back to their normal spread. 2200, earnings are going to be flat this year. slight growth off of the 118. we've been talking about wage inflation and wondering what that will do to company margins. you see expansion? >> we believe the labor market tightening. thing is this is mostly related to the serv

for the past four years david has served as president of the inner sunset merchants association. he's been working hardith the community to create a green benefits district for the inner sunset which will provide additional resources to maintain and improve parks. sidewalks and open space? the neighborhood. david works with the inner sunset park neighbors. each year to put together the inner sunset sundays, a series of big block parties where neighbors can meet oach each other and enjoy each other's company. it's one of my favorite events and last time we enjoyed inner sunset sundays, supervisor katy tang joined us as well. on top of that, he is a member of the ucsf community advisory group where he serves as access point for public and advises the university on common concerns. david is a wonderful leader in the community and i'm proud to know him as a friend and recognize him here today as the honorary for district five for small business week. congratulations david. and thank you so much. >> thank you so much for the honor, president breed. thank you to the board for taking your time to honor these

david: what do you make of all this. >> you fought hard for your country, you were getting benefits thene bureaucracy the sna the -- snaf yous, with is your over rally take. >> throwing out the conspiracy theory, i really don't think that is the issue. i just think it is an over burden, they are so overwhelmed at v.a. with all returning gulf vets for years it of find with just world war ii vets dying off, and vietnam vets and korea. they had a influx of the young vets, that -- i don't think they were ready to handle that. david: you may be right, they may take some people away from the stuff that would affect you, and put it to gulf vets that meeting causing part of the problem, michael we're sorry it happened to you, i hope it does not happy again. >> i am with you on that. david: we wish you a wonderful memorial day weekend thank you so much for talking about this. david: thank you very much. >> best of luck, coming up a day to celebrate our veterans new graduates from naval act damy -- ac academy, a special tribute to noncommissions officers as well, that is coming up, right here. it'

he is pushing very hard to say they can get the 500,000 and 8 -- they have all this unmet demand. david above the production issues, what about the money? how much capital investment will be required to make stretch goals and where will they come up with it? jamie: they are still assessing what the needs are going to be, but they will be greater and they are looking at the potential of one million vehicles by 2020, you have to start thinking about a second or third assembly plant. we are talking about billions of dollars and he is going to get it from investors. a lot of investors want to buy the stock and would love to loan the money, but especially want it in on equity. i imagine it will be something in the billions. i have seen $3 million loaded. david: thank you so much. here is something you may want to spend it on, the world's largest gem quality, rough diamond will be up for auction at 70's london on june 29. 11,000 caret diamond was discovered in botswana and is expected to fetch more than $70 million. i know my birthday was last week, but guys. --id: how many carrots? carats? w

david, i'm matt. look around pennsylvania and it's not hard to spot winners.nd with over 2 million winners of match 6, cash 5, and treasure hunt every single month, that's hardly a surprise. winners, winners everywhere! play today! >>> good morning, america. breaking news as we come on the air. a passenger jet with 66 souls on board disappears over the mediterranean sea overnight. egyptair flight 804 heading from paris to cairo lost just 20 minutes before it was supposed to land. >> an international search effort is now under way. authorities poring over security footage trying to determine if a bomb got on board. the families gathering right now looking for answers. u.s. airports on alert. our abc news team covering every angle across the globe. >>> also this morning, donald trump launches his toughest attack yet on bill clinton calling out his history with women. even bringing up rape. >> you know, he lost his law license, okay. he couldn't practice law and you don't read about this on clinton. >> the clintons now saying trump is just trying to distract vote

david duke. >> we cannot let barack obama's legacy fall into donald trump's hands. we can't let all the hard work and progress we achieved over the last seven and a half years be torn away. we have to move forward together. we have to bring our country together. we have to keep working toward that more perfect union. >> bernie sanders is not giving up. he will be campaigning today in indiana. cnn's jeff zeleny is with him. >> reporter: john and alison, bernie sanders making the case he is still in the race and fighting to win pledged delegates and super delegates and hillary clinton. the problem is the math. he knows it is difficult. he called the sunday news conference in washington to make the case he is pressing forward. back on the campaign trail in indiana. tomorrow in kentucky. i asked him about donald trump and whether any of bernie sanders words against hillary clinton will be used against him. donald trump will put bernie sanders words in his ads. >> no, i think that's nonsense. i'm glad to see he manages so get through to media in making that point. what is a campaign about? a camp

the commodore barry bridge a beautiful day and meteorologist, david murphy has a check of accuweather. look around pennsylvania and it's not hard to spot winners. and with over 2 million winners of match 6, cash 5, and treasure hunt every single month, that's hardly a surprise. winners, winners everywhere! play today! parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year