more on the bloomberg market day, including nba commissioner david stern. talk to him about the castle versus the warriors. theia: welcome back to bloomberg market day. i am olivia sterns. let's get you the top stories crossing the bloomberg terminal at this hour. president obama says cyberattacks are only going to get worse. chinese hackers stole data on millions of federal workers. the president said the government has to do more to stop these attacks. >> we're going to have to be much more aggressive, much more attentive than we have. this problem is not going to go away. it is going to accelerate. that means that we have to be as and asand as aggressive well resourced as those who are trying to break into the systems. olivia: president obama says the u.s. is upgrading its old system it uses to a detective cyberattacks. a grand jury has indicted a police officer on murder charges after the video of him shooting a black man. it shows him firing eight times as he was running away. and ma is coming to america he is looking for more revenue. the alibaba chai

eastern, david stern.fell parliament unanimously -- but it will impose new taxes on investors trying to pull their money out. iceland's prime minister is with us on the telephone now from their capital. prime minister, thank you for being here. could you tell us what is this new tax and who will it apply to? guest: hello, yes. it will only apply to the state banks, so it is not a tax on new investors or anyone else. failed banks have been the main hindrance when it comes to capital controls, simply because they were so huge in comparison with iceland's economy. when the banks fail, they were 10 times the size of iceland's gdp. they have been in the unwinding process for close to seven years . they have been doing quite well, so to speak. because the assets have been .rowing steadily the capital controls have provided sharper and they have quite high interest rates within iceland, but they cannot just realized the profits until the capital controls are lifted. it is to everyone's advantage. but it means we

there has been action at the federal level david stern said we should legalize it.ine gambling tame ka imto to the area. a lot of folks thought it would save gaming in the states. what itself your bet on sports betting? online gambling didn't necessarily? >> online gambling. different people had different points of view. we viewed it as a new distribution channel. we attract a totally different customer and we make money at it. so it's been really good for us i don't know that sports betting will save any place either. it's not a high margin business. it gets customers in your building when they otherwise wouldn't be. in the super bowl slow times, things like that. it's a great addition. it's not something to rely on. >> thank you for joining us. the coo and president, andrew back over to you. >> thank you for brick us that conversation. coming up, when we come back should global investors be afraid of the situation? greece will have investor john taylor when we return. ♪ every auto insurance policy has a number. but not every insurance company understands the life

stern time. david wright was arrested hours after police shot and killed another suspect who had been under surveillance for 24 hours. now authorities are investigating whether others are involved in an alleged plot to attack police officers. and if the plot was inspired by isis. nbc news justice correspondent pete williams is in boston with new details. >> reporter: tamron we expect boston police today to meet with members of the muslim community here to show them a surveillance video of yesterday's shooting in which they lame this man they shot was coming at them with a knife. authorities say that they were having him under surveillance because they feared he was plotting to attack police here in boston provoked by isis-inspired social media. police and federal agents arrested this man late tuesday in the boston suburb of everett in connection with the investigation. heavily armed police and federal agents conducted searches there after a boston man was shot tuesday when terrorism investigators sough

kellyt: that was david speaking with matt miller and olivia sterns. making herry clinton way to st. louis, missouri, to talk about the sensitive topic of racism. ♪ scarlet: welcome back to the bloomberg market day. alix: going straight to julie hyman with a look at the biggest movers of the day. kind of lumpy day. i will look at one of the groups taking lumps. we have not talked about momentum stock lately. biotech also into the category. we are seeing the group pull back. tracks theetf that biotech stocks. it touched a record today before falling. we are seeing individual movers as the biggest declines. if you look at over the longer term, we have seen this particular etf rise for six sessions in a row before the decline today. if you look at the bloomberg terminal, we have momentum indicators we can look at. this is the stock price of the i/o tech etf. the yellow line the 200 day moving average. we have not seen that. this can sometimes be a sign the mentone will stop. i want to take a look at the relative strength indicator. this is a momentum index for the biotech etf. something

david sweat and richard matt broke out on saturday. an engineer said they were either highly skilled with the tools they used or they had help. a stern warning coming from governor cuomo this morning. he promises the law will come down hard on anyone who is helping the two men. aaron? >> kristin, thank you. >>> there are now news reports that a female person was investigated. joyce mitchell may have had some role in the escape. mitchell was an instructor at the prison tailor shop where the two convicts worked. sources familiar with the investigation says mitchell told authorities, quote, she thought it was love, but just days ago mitchell's son, toby, defended her. >> she is not the kind of person that's going to risk her life or or people's lives to let these guys escape from prison. >> it appears that mitchell was supposed to be behind the wheel of a get away car when they escaped from the manhole. sources close to the investigation say she got cold feet and checked into the hospital with a panic attack. >>> you can no longer use electronic cigarettes in most places in montgomery county. a new law bans the use of e-cigarettes in an

david pl ouffe on how to stay ahead of the competition. and what uber moves are in hoover's future as it celebrates its fifth birthday. ♪ olivia: welcome back. i'm olivia sternsmm: and i'm pimm fox. stock moving higher today. -- news, butoves we are waiting for the unemployment report on friday. invia: we had a little rally the market and better than expected numbers coming out of the adp report this morning, the private report on hiring. and as been said, we are focused on the government report on friday. we did see a slowdown in the non-isn numbers. tom: we are going to go bloombergs julie hyman for a look at what is happening right now. julie: you bet cover the macro and i will cover the micro. if you look at the stock reaction in wendy's after it announced it was going to prepurchase, or planned to purges one -- three point $4 billion of its own stock, we are seeing the stock -- plans to repurchase $1.4 billion of its own stock, we are seeing the stock move up. when you've is now the number three burger chain. burger king remained it never to position. burger king however, is no longer publicly traded. and wendy's has outperformed mcdonald's, which has be