a story of love, compassion, addiction and devotion from david stanley details the final years of elvis presley, in his new book, my brother elvis. ines rosales is taking a look at dating apps and whether they're worth the trouble. she is talking to a couple able to find love on one of those apps. we're letting you know what's in before the kids head back to school. from denim to underwear showing off school pride. greg: how are we doing? rosanna: it is the sixth day of we're intrepid. we complain every now and then. for me it is much better than february 3rd. greg: some people are better suited to this stuff. i don't know if it is my size, mine gut, my hair, whatever, i'm a bid bedraggled mess, a hot mess walking around new york in weather like this! some guys look clean and sleek. rosanna: not one perspiration drop. greg: those finance guys go out on lunch break with the ties on and shirt looks like they have been standing up all day. i can't get that. rosanna: think cool thoughts, greg kelly. greg: a couple of things going on across the town and country. campaign continues, hillary v

david stanley. talking about his brother he went with him on the road. greg: that must have been fun. larry will more. the comedian. releasing a statement saying he is grateful to comedy central. he said he won't be covering what people call this crazy election. greg: he used the n-word to the president. the last show is thursday night. >> okay. let's talk about our facebook fan of the hour. thank you for saying nice things about us. we will be right back. ? ...so you don't have to guess. my stop & shop. fios is not cable. we're wired differently, which means we can fix things differently. thanks for calling fios. this is ryan. you can't tell me this cord isn't in. i know it's in. it's in, but it's not working. i'm sending you a link to the my fios app that going to let me see what you're seeing. really? so you can clearly see what's in and what's out? oh absolutely. i like that. tech support that lets your technician see the problem over your smartphone. only from fios. here's to the explorers. those diagnosed with cancer who explored their treatment op

david: stanley fischer earlier today on bloomberg television. i want to pick up on that. take a look at this chart. a big takeaway was him saying essentially that two rate hike ress still on the table. didn't say that directly, but alluded to it in the way a fed official would. the probability of a rate hike in september rising, surpassing the possibility of a fed rate hike in december. you see the probability in white. the september rate hike in blue. a turn there based perhaps in part on his comments. it was discussed at the jackson hole symposium a few days ago. >> see friday's jobs report. david, 3140 in your bloomberg chart library, you'll see the target. it's that purple line right there at 2%. this is year over year, which is what the fed is watching the fed said it's not too concerned and that it will rise. but a couple of years. so what's it going to take for this to come up to here in a couple of years? you can only imagine. this is p.c.e., so not core. this includes things like oil, things like health care, things like services and so forth. this is what the fe

david stanley became elvis' step brother when presley's father married his mother. >> at the age of 16fia. >> his new book comes out today. >> thanks forring is me. >> i remember back in those days -- i remember where it was when it happened. but in those days you either loved elvis or the beatles. the doocy family loved elvis. >> well, i loved the beatles. when i first met him i was 4 years old. sudden he's new my new big brother. he was a guy who had welcomed me into the family. >> famous at that point? >> yeah, he came home from two years in germany. elvis broke out in the mid '50s. that's when he had the big hits. >> i'm sure it was part of the process, now you look back, easier to process what you were going through. can you describe the atmosphere in and around elvis back then? >> well, when i first moved in, again i had no concept of what was going on. i came from a broken home, now i have a house called graceland mansion. i didn't know what a graceland mansion was. to me it was all family driven. elvis took me into his family when he didn't have to. he loved his mother, and now

so it placed chief paul stanley on administrative leave. sergeant david braun was named interim chief. >>> check out this video from overnight. thieves smashed into the food mart on west 56th and clark. poli nearby, they approached the group asking what are you doing? that scared folks off. police were able to track down the jeeps and the people inside ran off yet again. officers caught up with four of the five. we're told some of them might be under age. >>> new tonight at 6:00, there is new evidence that the drug epidemic is spreading around ohio. in franklin county, these two people were just indicted on charges that they made and sold drug-laced candy. according to wbns, their ate the candy and then went to the school nurse. this all happened last winter. >>> after checking out reports of a vehicle swerving on the highway, police found a father and son who both overdosed on heroin. that happened last night outside cincinnati and the car was along i-75. by the time that police arrived, the car was stopped on the median and the men were both passed out.

david stubbs, j.p. morgan asset management. coming up, adam parker will join us from adam stanley. speak about david price of the boston red sox. parker, equities. ♪ tom: this morning, pound-sterling tests new weekend -- new weakness as prime minister may has a plan to strengthen the british economy. to 2017.brate forward mr. trump -- he stays on message and resets trump economics. good morning, everyone. this is "bloomberg surveillance." our worlde from headquarters in new york. i am tom keene. as always, renting likewise in london. .e behaved himself yesterday it was a different donald trump. francine: there are so many leaders of the republican party now talking against him. i am not sure how that -- you can be a candidate but you do not have the support of the grand old party, or the great old party. tom: grand old. toncine: then he goes back saying things that benefit the elite. first wordnow on news, here's taylor riggs. taylor: delta airlines is still struggling to come back from the computer failure that grounded flights for several hours. the airline says it is reducing the

getting into morgan stanley, david? >> absolutely.lked about jp morgan, even mang of america and the stock at 14 bucks, 13.50 bucks as a play to benefit from this apgs of a rate move. you know? and toward the end of the year. they won't move. no way they move. before the election. >> all right. >> so i think you can -- you've got time to put that trade on, if you will. >> fair home 2 upping the position of 50%. people are starting to look at these and say, hey, you know, there's an argument to be made for the valuation, for the earnings potential and might not be great but relative to where they are now. >> this is the business we have. if we have a hope in a decent year of getting 6%, 7% return? n it's an un-exciting bull case and where you're left if you're an investor looking for kind of large cap value stocks right here is you don't want to make a big macro call and seems like they're sitting there for you. >> if you look at where -- how we have got on the the point, almost a decade, nine, eight years since the financial crisis. t

david: there was a pre-tagore at the end of the speech that stanley fischer gave. we have heard that from many fed numbers. do you sense that there is motivation for it to change? >> we think there is desire for that to change. how quickly and where it will occur will be the real question. changek it is tough to quickly across the world. look at japan to see where changes first. we have been talking a lot about how foreign investors investing in treasuries are really not getting a return based on currency effect. i have a great chart to show you entitled stretching your dollar. this will quadruple the yield of u.s. debt. wesley what this is showing how negative -- really what this is showing is how this is turning the bond market upside down. also, complicating long-standing investment strategy. my question to you, what about uncharted territory could the negative interest rate push this this represents one of the biggest opportunities from negative interest rates. investors historically have not looked at global bonds from a hedged perspective. they u.s. investors

stanley fischer tomorrow. tom keene will be interviewing 11:30 londona.m., time. david: the brazilian president saying removing her from office would amount to her death penalty. will that sway any votes customer the latest, in a moment. this is bloomberg. ♪ david: this is bloomberg market. vonnie: to brazil, where the impeachment of the president is entering its final phase. she defended herself in front of congress for the first time, saying she did not commit any crime she was accused of and she would never give up fighting. rose the most against emerging-market currencies. we are anticipating a full result tomorrow or wednesday, but is voting already underway? what do we know so far? guest: right now, she's answering questions from senators. we have about 50 senators scheduled to ask questions, so this is likely going to take a while and go into the late hours of tonight. we have lawyers from the defense and the accusation will speak and all the senators have 10 minutes to speak. all 81 have 10 minutes to speak and they will all vote, a little how was in the last im

stanley and goldman. got beatuestion, they up by their investors because they weren't able to get out. daviden you look at medivation and what they offer, it strikes me they have a drug approved. there are developing drugs that -- do you think they will take a chance on developing drugs that haven't been approved yet? wherea: on the rare cases you have a company that has a drug about to be on the market, that is the sweet spot, you're going to get a intense company -- get intense competition and pricing. obviously companies with drugs and development are going to be competitive. oncologyundamentally is going to be right for a lot of m&a activity. shares ofth the companies that came out and looked at this acid and got into is fray, this appetite extraordinary and it is not dying down. to mention -- senate fee is one of the more adjusting parts of this story -- sanofi is one of the more interesting parts of this story. were they just kind of wanting to get out of sanofi's target here? jeff: sanofi didn't play this aggressive early on and i think they upset people at medivation. that being said

david westin is on vacation. the big story is looking at stanley fischer pass comments.made the early running -- one day the fed will hike again. that is the tone in this market. a bit of a hawkish tilt. the market saying really? are you? show us. rip -- there at w has been some re-rating. jonathan: and it can change. the fed is calling it complacency, i would say the market saying, we will baidu. alix: friday, all waiting for janet yellen. -- will be joining us in a few moments. he is keeping an eye on the stock market which could be in a bubble. later, more with our interview of howard marks. markets.ck in the the stronger dollar is the story. jonathan: it is the story. if you look at the bloomberg dollar index up .2%. not a substantial way. so if i were trying to put a rate hike on the table, i would say that the market hasn't traded on that in a substantial way. the equity market in europe, the ftse is off .5%. here, marginally softer. the story and the bond market is the same one we have seen in the last 12 months. the curve flattening. coming down by over three bas

david woo will continue with us for further discussion worldwide on bloomberg radio, which is what we like to do. "bloomberg " next. of pimco onida "bloomberg ." tomorrow, adam parker of morgan stanleying friday's blowout jobs report. david: china's red flag. the central bank promises to reuse innovative monetary tools. alix: trump tries to reboot. he unveils his new economic plan. will his proposal distract voters from his recent setbacks? jon: a very warm welcome to "bloomberg ." i am calling today the day after payrolls, and the rally continues. outd: really strong numbers on friday, and you see the markets reacting right through the weekend. alix: jeffries out this morning saying what can actually derail the rally, what will put bonfires on strike? what will lead a rushed out of high-yield? weid: the question is, can keep this going? does it keep going or is there a turnar

stanley is on administrative leave. the board of trustees did it after investigating the department's finances. sergeant david brown will serve as the acting officer in charge. >>> a cleveland police officer is out of the hospital now after a crash we brought you as breaking news at 11:00 last night. witnesses say a gray kia t-boned the 89th and euclid. the cruiser was struck on the passenger's side. the driver of the kia was checked out at the hospital. >> chris: one day into the semester and cleveland state set a record. the school has 1900 students enrolled for the first day of class. it is the largest freshman class in the university's history. freshmen enrollment more than doubled since 2010. >>> a generous donation for at&t pioneer gave kids at the former berea children's home new backpacks filled with school supplies. the group of past and current at&t employees donated more than 125 backpacks. >> denise: fantastic cause. >> chris: so critical for a child and how they feel about themselves when they go back to school. >> denise: absolutely. they look around & else has new stuff and they want to be righ

serve shera stanley says express jet didn't accommodate her feith and she is seeking back pay and other damages. the carrier is not commenting. >>> "the boston globe" explains why 15,000 david ortiz bobbleheaded were not given out to red sox fans on tuesday night. just before the game, the team president decided the figurines were an inaccurate and racially insensitive model of the team's star's slugger. >>> we need to clear a headline we reported yesterday about ivanka trump. it was about the apparent lack of paid maternity leave offered by the company she does business with. she does not own the company nor invest in it. to be clear, ivanka trump's own fashion company offers eight weeks of paid maternity leave to new mothers. >>> still to come now, ground breaking ad. nike casts its first transgender see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me to know that... ...i won't stop until i find what works. discover cosentyx, to severe plaque psoriasis. proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the

david: looking at my bloomberg, i just want to pull up this chart. looking at the odds of a september hike. -- last year his when stanley fischer spoke. he began to talk about employment being at the right place, focusing more on the rest of the fed mandate. what do you think that will be the subject of conversation cap down john williams talking about what the gdp target should be. what is the monetary policy required to keep that? if you just look at it from a early is ?he fed at its full day full employment, the fed getting to 2%, then the fed would hike. that is why i think the of neutral interest rates, strength of the dollar, i think that is the argument that yellen has become more and amer with. she talked about productivity being weak because of technological innovation. that is clearly monetary policy is not equipped to deal with that. yellen believes a lot of the weakness is a function of very weak capital deepening. monetary policy can deal with that. if you are able to boost psychology about longer run , that could get business to invest more today. that includes capital deepening capital.rn boosts i think they're finding

david. let's pick up the conversation with the head of middle east research for credit suisse. let's dig into the latest comments from stanley fischer. fairly positive on the health of the economy and the possibility of a rate hike by the end of the year. i didn't get too much detail about the timeline. what did you read into his commentary? >> i think is interesting we are getting more hawkish comments out of him at this time. at a point we saw expectations of a rate hike decline. in-house, our view isn't that high conviction towards a rate hike. we think it's at best 50-50. overall, i think we can look in -- at this in a number of ways. there's been a history of the fed to test waters. just setting the idea in there so there isn't much of a surprise when events take place. yousef: i've pulled up this charge us to underscore how the market is position. david mentioned this. this shows you the probability of a rate hike by the end of the year. what i've highlighted are some key events. expectations dropped it down and have recovered a little bit. where do you stand in this spectrum of probability? do you think there will be

david schuman "that police officer who died saturday had served 27 years for the tampa police this man is behind bars -- arrested for drunk driving --i and a hit and run. henderson police say -- michael stanley -- hit a man on a motorcycle -- near warm springs and eastgate. the rider died. this was at about nine -- last night. warm springs was closed in both directions -- for about five hours. a man -- accused of robbing several stores -- around the valley -- is off the streets tonight. metro -- arresting bailey hall this week. with a mask and revolver. they say -- he knocked off four- fast food restaurants and convenience stores -- in las vegas and north las vegas. he's facing about a dozen charges. the first day of school -- starts bright and early tomorrow morning. but some clark-county kids -- won't able to ride the yellow school bus to class this year. the district -- cut bus service to magnet schools. those students will have to get a lift from their parents -- or ride r-t-c buses. police and state troopers -- around the valley -- will be officers will be looking for drivers -- who don't stop for pedestrians -- and people who don't use crosswalks. extra patrols -- starting today -- run

stanley fischer a.m. in new6:30 york. definitely one to watch. this is bloomberg. ♪ . . david: it 2 p.m. in new york and 7 p.m.nnie quinn. welcome to bloomberg markets. david: we are live from bloomberg world headquarters in new york covering stories out of san francisco, brazil, washington and milan. pushing -- after a strong raid on consumer spending. presidentazil's taking the stand at her own impeachment trial, issuing a personal appeal to lawmakers, saying her ouster what about to a political death sentence. david: donald trump has been seemingly sending mixed messages on issues like race and immigration. can he win over voters? a look at the latest polls, coming up. the markets close in about two hours. let's look at the major u.s. indexes. the dow jones up and the s&p 500

david krane remains an observer on the uber board. eric newcomer, thank you so much. tomorrow on bloomberg, do not as a conversation with the federal reserve vice chair, stanley fischer.with surveillance anchor tom keene on bloomberg television and radio. doctors are examining the effect of virtual reality on our minds. how the new technology could help with pain management, next. ♪ emily: forget morphine, hospitals are now turning to virtual reality as an effective treatment for everything from intense pain to alzheimer's to depression. with the price of hardware falling, vr is often an affordable option. bloombergs in king takes a look at the effects of virtual reality and how it an impact in mind. -- the mind. >> virtual reality is like a spotlight. the experience of the mind sort of being in this environment when it is immersed in this sort of peaceful, positive environment, it's almost like the rest of your experiences are unable to be noticed. it recruits so much of the brain to focus on that spotlight that everything outside of that environment falls to the wayside during that experience of virtual reality. >> cedars-sinai in l.a. is one of a handful of's bills

stanley fischer. hewill be joining us at 11:30 u.k. time. this is bloomberg. ♪ guy::43, welce back. let's get your bloomberg business flash david ingles.avid: thanks. apple is said to be developing new features for the ipad that desktops laptops and accordintoeople familiar wi it. upgrades include wider operating systems, and refreshed wa includes new versis of the desktop and macbook air. the company helps to shift the updated ipad software and the macs are expected to be out as soon as later this week. company hasping been suspended from trading after plunging to the lowest level since 2009. that's after the agency reported its creditors refused to provide fresh loans for court protection. south korea's largest container line says it will do all it can andthe shipping industry, the main lender declined to comment. said tont bankers are be among theemployees have left ntarily om the perso, according to people with knowledge of the news. they are major industry spokespeople. -- has walked away from a takeover bid for hershey, rejected by the chocolate maker. they say they see "no actionable cap or word toward an agreement. " it was rej

david: still with us is ellen center from dust ellen zentner -- ellen zentner from morgan stanley.ductivity? ellen: i agree that is one part of it and it is a very complicated issue that everyone is laser focused on. productivity, productivity from technological , what we see over time is all this r&d going on is really about old the economy r&d versus new economy r&d. lead to capital deepening and led to productivity enhancements. to economy r&d leading advance the technology is not a productivity enhancer. that will probably stay with us. labor quality, believe it or not commit there's been a change happening over decades and women's labor force participation rate has risen and the wage gap has persisted. that means more and more people depresses labor quality. deepening to capital investments. david: is it labor quality going or really stagnant while the orands go up -- going down remaining stagnant while the demands go up? ellen: it takes fiscal policy makers do not tend to have a because beyondon their time in office -- i worked for the state of texas come i've worked for gove

stanley fischer. that's on "surveillance." this is blmberg. ♪ manus: just gone 7:17 and we are playing the catch-up game. davidtrading at 130, ingles is with us. davidapplis sa to be developing new features for the ipad along with new ltops and desktops according to people familiar with the matter. e are hearing that upgrades will include wider operating system support and a freshed hopesreand the company to shiftpward next year with the new ones expected to be out soon. bankers are said to be among 17 employees who personnel according to people familiar. the investment bankers were managing directors a okesperson who denied comment. and r shhas wa away from they say they see "no actionable pass toward an agreement. and that's your bloomberg business flash. anna:thank yo spain's acting prime minister looks to end of eight-month politil impasse witthe confidence vote today. saidthe that ople's pay y fall srt of the ma as it can't count on support from the socialist leader pedro sanchez. manus: let's get to our eu government editor -- great to see you. i we finally goin get a gornmentn spain this week? tman doesn't really want to buildihe polls. >> no

david: is that phenomenon unique o japan? tom: it is unique to the society. robert feldman at morgan stanley is wonderful on this. a unique system. nevertheless, you saw this one chart that bloomberg had yesterday with the japanese yield went above the european yields. that's shocking to people if that was to persist and continue, that would be a big deal. david: extraordinary story we continue to follow. you want to tune never day 7:00 and 10:00 eastern for "surveillance" radio with tom keene and mike mckee. 8:30 ow, adam joins us at a.m. eastern time. jonathan: after a big bank of england decision, we're looking forward to that. a contracting economy and one northeastern province contract 1% but growth in expect of the countries ticked up in the first quarter. for more on the divergence, a chief asian economist joins us now. i'm used to talk about a fragmented eurozone but china is on a very less critical decision but we are seeing an increasingly fragmented economy in that country. why? find itred to europe, i a divirtue generals. in northern part of the country, they are dominated by steel sector, energy sect

stanley. steve major was the first to go bullish on the treasury market back in october. he has a 1.5% 10 year yield call. david good job. my correction is for an update in the business world. we go toemma chandra. clinton has agreed to take part in all three presidential debates. there was no supplies. there were complaints from republican candidate donald trump that says the dates for the debate are not suitable. forof them are scheduled both football game nights which will reduce viewership. the turkish president met with vladimir putin today in st. petersburg. the russian president told him he hope to restore constitutional order in the wake of the failed coup attempt. this is nine months after vladimir putin imposed sanctions on turkey after downing a russian fighter jet that in brazil, the senate votes on whether to put the suspended president on trial. of breaking the budget law and is expected to lose a simple majority. opposed would need a 2/3 majority. day,l news, 24 hours a this is bloomberg. alix: thanks very much. inres of valeant are soaring the premarket and the company's surprising investors by

stanley. ♪ ♪ oops i did it played with your heart and got lost in the game ♪ >>> good morning and welcome back to "squawk on the street." i'm sara eisen with davidntoli live at post nine from the new york stock exchange. carl quintanilla is on assignment in rio. take a look at the market. looks like we've given up some of the early gains. the dow now goes flat to down a few points. s&p 500 as well as the nasdaq. oil, too, has reversed some earlier gains. is trading just above $40 a barrel. we do have breaking economic data to get to. let's go over to rick santelli at the cme group with factory orders. rick? >> absolutely. a litany of data points. actually factory orderers is a june number down 1.5. obviously that isn't a fantastic number, but it's actually less than we were looking for. we're looking for down closer to 2% and when you factor in the revision, we lost 0.2 from down 1 to 1.2. fascinating, let's look at durable goods orders, june final. we're comparing them to june preliminaries which we toss out. so the headline number on durable goods is down 3.9. that replaces the down 4% that we originally had and if you look at ex-transportatio