doj generally prefers structure revenues to behavioral revenues. if they would like to find something comcast could spin off to satisfy antitrust concerns it's not clear in this case but that would be. this may be a tough one for them to satisfy. alix: you have some great perspective on this because you represented anheuser-busch when they were dealing with something very much like this. the doj had a suit to block the deal but there was a settlement. guest: that was in the acquisition of modello. in bit of --inbev was already going to sell that to constellation. what the government was unwilling to accept was the structure originally put in place, so we were able to redo that and come up with a permanent fix. i think the biggest issue is we are dealing with the sec and unlike other industries, there's a view in washington and a good reason to view that that when you are dealing with communications, there's a high level of public interest. the government in effect owns the airwaves. to a certain extent, you have a much higher hurdle. the example i

in fact the doj investigation found problems that went beyond the university of montana. it found the county prosecutor, fred von valkenberg had only reported some of the rape charges, disregarded sexual assault incidents to the point of putting women in missoula at increased risk of harm. in kelsey's case she says she often felt like she was on trial. >> so what are we looking at here? >> we are looking at a police report from the county attorney's office. >> i can't help. i notice a lt of black. what's going on with this? >> these are all the statements made by the other parties that i am not allowed to see. >> so this is all redacted statements. i mean page after page after page. after page. of story-telling. >> uh-huh. >> reporter: you're only able to see your statement. >> uh-huh. >> what was the reason that you were given? >> that it was an invasion of privacy. >> reporter: how do you feel about that response? >> in this case, i was ovictim. my privacy was way more than violated. why don't i have a right to read what happened to me? >> reporter: kelsey's case was cl

those are the biggest deals the doj has blocked. there is some sort of consolidation in this industry. the big deal that comcast it was when they bought a pb -- app broadband. the cable industry and general has been a little different than where we are seen satellite and radar. now we are seeing the industry is consolidating to appoint printer with comcast owning nbc universal where a large cable deal apparently is unacceptable to regulators. alix: does this mean charter will have to drop it been for bright house? >> we don't know. that is a great question. there somewhat down the road. not necessarily. the deal for bright house was a cash and stock deal. the deal is possible. certainly when charter was trying to buy time warner cable initially a big deal was how will it be structured? how much cash? how much stock cap that things may have changed because without the buyer, there is no other buyer for time warner cable. time warner has earnings in a couple of days. we will hear from the ceo, and will he tell us we have some reportin

the doj not approve comcast's bid to buy time warner cable. you are seeing an impact on a day in which stocks were already lowered. we have seen a little bit of an edge backup, but this is a day in which we are sporting losses of at least 1.3%. mark: scarlet fu, the breaking news desk. we will follow that story. stay with bloomberg television we have the latest details as soon as we get them. a study released today by the economic innovation group says the current economic recovery may be the slowest in 40 years. kevin is a cochair of the year ig, and director of economic policy studies at the american enterprise institute. he joins me from the bureau in washington. your study says the economic recovery is not as strong as it could be or can be. but even the white house of knowledge is this. is this about ineffective policy or dysfunctional politics? kevin: the crucial thing about the study which i co-authored with jerod bernstein, a white house economist, is that it is very nonpartisan. it's not about the past it's about where we right now an

both the doj and that's fcc.is pretty clear that there is a pretty strong consensus among that group at doj and fcc, there are problems with the deal. the question remains at comcast can do anything to relay those concerns. that is an open question. whatever it would be, it would be painful to comcast. they like the deal on the table and they feel very strongly that it is not only in the public interest that it is competitive or at least not anti-competitive. they are going to stick with their guns, but at the end of the day, the decision has to be made if they are willing to offer concessions. cory: i talked to people working with comcast within the company and they are working very hard on integration plans. they had some expense that goes beyond the bankers and lawyers. i want to go back to something you said about facts getting in the way. the prior deals that comcast has done, yes, they have gone through but has the behavior of comcast in those deals injured their likelihood of getting this deal through? >>

doj already had a dim view of the proposal.hearing that the fcc is proposing is kind of -- olivia: it is a duck note. -- death note. nobody outside of philadelphia thanks it is done. matt: it is interesting that they are trying to say this will not hurt consumers. it will definitely not help consumers but they have to prove it will not hurt consumers. betty: why not? olivia: netflix opposed the deal because they said if these two large cable companies merge, they will have more power to charge consumers more. matt: twpoo companies with horrible customer service come together and offer you what? betty: hold on a second. a year ago, everyone said the markets will not overlap and a stronger cable operator might be better. this was the argument before. better for the consumer. opening bell is next. ♪ betty: welcome back. matt miller and olivia sterns joining me. number 1 -- the much talked about september rate increase. the federal reserve will probably raise rates in september. the california-based bond fund capitalized on the dis

what we are doing right now is we are supporting volatility suppression thanks to the ecb and the dojan important structural force right now in the bond market and the equity market. michael: i don't know when she is raising rates and i don't care that much. right now, i am looking at what is happening with global bond prices and bond yields around the world. tom: use of cash. does it continue? does everybody migrate it over to share repurchasing and dividend growth? michael: what works for a ceo. that is on until the debt leverage -- olivia: mark zuckerberg at facebook. tom: he is doing the opposite. michael: god bless him. olivia: coming up, we had to south america. it is not pretty. we are streaming on your tablet your phone, and bloomberg.com. ♪ olivia: good buttery morning. we are drinking bulletproof coffee. it is coffee laced with butter. tom keene is loving it. he is a happy man. tom: aaaah! olivia: aaaah! the idea is that the coffee is laced with fat and fat is good for your brain. tom: are you saying that i look fat? culturally, this is a big deal. it is normal. olivia: ther

comcast meeting with the doj wednesday.google was on the verge of bankruptcy in 2013 very page was ready to become the savior. i will have the details. expecting earnings from ibm. will big blue disappoints? we will have the details. ♪ alix: when tesla was nearing bankruptcy in 2013, google said to have considered buying the automaker. these details in a newly released book. this is by bloomberg's own -- lance who joins me now from san francisco. how did that conversation, about , and why google in particular? >> larry and google have been friends for a long time. they were running into a problem where they had customer interest in the cars. people had made the preorders but just not ready to buy it. essentially a new gadget. they were waiting to see how it played out. he basically turned to his friend for help. alix: could this ever happened now? what is the probability we could see a merger at some point? >> i feel like the stock has gone up so model -- so much. i do not fill it google wants to get in at this price. right

and as we are watching this, reverend, you met with the doj, did you have a meeting with the doj? >> we did have a meeting today with the doj. we thought they were candid honest and forthright. >> i'm sorry, say again? >> we did have a meeting, a select group of seven to nine leaders, variations across the city did meet with the doj and the director of the civil rights division. >> is there any concern, because as we're watching this, we're speaking to our correspondents who are out there, and the people don't seem to be going home. is that a concern for you? >> i think it's beginning to be a concern. i think anytime you see lawlessness and direct intentions to disobey the officers, absolutely. and that's not what we've worked -- we led the most successful march ever yesterday, when with elijah cummings myself, 200 pastors across the city linked arm in arm, walked, engaged the police and helped them move two brigades up and put out fires. we didn't do what we did for what we're seeing tonight. >> and congressman elijah cummings is out there tonight, in the crowd, trying to get peo

. >> doj by land? do we invent the emphasis expected? does the doj need to move here?0 years of inflation goals seem unlikely. >> the market will be doing a lot of speculating if they formally reduce the inflation forecast. what are they going to do next? in another itself it will be supportive for markets if they speculate more policy. >> with further weakness? >> it's expected. >> i think it has been the u.s. data that has been driving the stall in the rally. we seem to be at the point in the year where we revise down the numbers again and every data point out of the u.s. has been soft like the durable goods numbers last week. >> does that make you question the long u.s. dollar? >> i think that for now the dollar rally is over. let's say that the u.s. slowdown was slightly temporary -- they have had a most extraordinary winter. if you get into the middle of the next quarter the u.s. picks up there is an the doj has not hit their inflation target for qe, i can see the rally resuming. >> ok. >> they have to raise rates don't they? obviously if they get a big softening

the doj is alleging that this trader had contributed in some way to the flash crash of may, 2010. they are holding a call and detailing exactly how he may have contributed to it. some of the things they are talking about is that he has been charged with wire fraud, commodities fraud, and spoofing. the scheme detailed in documents filed by the doj he is been using software tools and manual trading to manipulate the price of the s&p e mini's contract. all of this from a complaint that has been filed by the department of justice. this is the first arrest of any kind that has happened in relation to this flash crash which as you recall in may of 2010, did cause that unusual plunge in the s&p 500. again here, we are still getting the details and we will update you as we do get more headlines. i'm going to hop back on that call and i will fill you in as soon as i get some more details. emily: julie hyman, we will come back to you. thank you so much for that update. coming up, we had to the rsa the biggest security conference in san francisco. we will be right back. ♪ emily: this is "blo

the doj is looking particularly at this hulu situation. two years ago, who tried to sell itself to it is owned by three different companies, fox, disney and comcast. comcast is tacit. when they bought nbc universal, there were restrictions that said it could not involve itself on hulu at all. the doj is looking, if comcast interfered and basically spoke up and said, do not do this, it would be emblematic of comcast violating a condition. why would the doj allow the steel to go through if comcast has a history of violating a condition? comcast denies and said we did not, that is wrong. that is one thing that may have changed. another thing is the obama administration has been forward with saying we want broadband to be regulated differently as a title to classification, which means it would be regulated like a utility. on broadband, it theoretically could lead to them looking at the deal differently when they realize comcast could own so much broadband. betty: interesting. thank you for staying on top of this story. more potential m&a. we l

the doj went in and the judge said you lied, you told me something was totally wrong. >> the doj wentty program we're talking about here, it's not going to go into effect until february don't worry about it texas. no harm no foul. you don't have to think about this. not true. the amnesty effect actually did go into effect in one provision, and that was it extended from two years to three years certain illegal aliens getting to get into this country. >> they were already kicking in. and they were telling it's not kicking in nothing to worry. >> nothing to worry about. you don't have any standing. basically go away. then they had to file earlier this month what they call an advisory to the judge saying oops, we got that wrong. about 100,000 people have already been granted -- 100,000 already have been granted this extension from two years to three years. the judge said as we heard today, hey, you lied to me candor to the tribunal, you cannot do that. i could throw out all of your pleadings, megyn. i could throw the whole thing out. i'm not going to do that. the issue is too important. i

not to mention all the deals that are contingent on the doj giving a go on this.rying to save it. the concessions are likely to be such a high hurdle, that the obama administration, you know, does not like transformative deals that they -- they are not going to like just agree to anything. that there's a feeling inside comcast that they actually have more work to do internally, that they have to deal with the nbc u situation. get that straightened. it's a mess right now. a lot of things to be fixed. let's face it, comcast has some of the worst customer service. notoriously bad. they know that. they have those two issues to deal with. a lot of talk inside comcast at least according to these bankers. depending on the level of concessions that the obama doj wants. antitrust people want. they're willing to walk away from this. this is something that they know they have other fish to fry in a company. and, by the way,, you know, two years from now, they'll do better no matter what. they'll either have hillary clinton or a republican a much more friendly administration.

. >> reporter: the missoula county attorney at the time disputed the doj's findings and defended theirord saying their prosecution stats are on par with other major cities. >> that's what is so insidious and i think this is true in most cities. so the prosecutor puts out this message, we're not going to do it unless it is so glaringly obvious we have to do it. >> after kelsey hit a dead end with police and prosecutors, she turned to the university for justice. of the four football players, one was expelled one agreed to leave and two left school before the university could take action. >> what goes through your mind as you walk down this alley? >> i think it is surreal because i don't -- for me it was dark and i don't recall a lot of this. >> it had been nearly two years of anxiety and anger since allison huguet was raped by beau donaldson. after a secretly recorded audio confession. >> something i did and i [ bleep ] up. >> reporter: and police investigation beau still was not behind bars. then a stunning twist. >> he came in his shorts and underwear and got on top of me. >> reporter:

and doj has prosecuted one act it ask that you continue but looking ahead would you work with me? i have a bill to stop the marketing of of stalking apps for the last data is from 2006 said donald you keep up with technology but since then a lot more people have a smart phones it is a problem. >> you outlined a very important issue outlining victim's of violence they thought someone was close to them could turn on them and elect four to working with you not only of the department's efforts but to look at the statute to provide whatever assistance we can. >> i am very concerned about the telecommunications industry consolidating specifically comcast's proposed acquisition of time warner cable was the largest cable provider in the second largest internet broadband internet provider but to me they're just too big with the unprecedented power in telecommunication industry. there has spent a lot of comment on this including mine with the antitrust division. will you commit to reviewing these serious concerns about the proposed deal that i and so many others have raised? just to do gore

the doj claim they used an automatic trading program or algo rhythm to manipulate the market.a dynamic layering scheme. he said that they say he replaced multiple simultaneous large volume sell orderers at different prices. that created the appearance of substantial supply in the market and alleges that he modified the orders so frequently they appeared in price to be close to where the market was trading. then he allegedly canceled the orders without executing them. the doj said when the prices fell as a result of his activity he sold futures contracts and brought them back at lower prices creating a profit. he is being charged with commodities manipulates and that is a civil filing. on the conference call authorities say he profit bide $40 million and it's worth noting that he has been poofing since 2010 and was active according to the officials on the conference call on the day of the flash crash. i know you asked the question basically how could one person do this. i had that same question and the cftc called him a very significant player in the market. i don't know how to

one of the things that's good is that we have brought in now the doj and that's important.onths ago the mayor and police commissioner invited the doj to come in and look at our overall police system to see if there are any problems. and there are. and so i think they are moving in the right direction. they've already suspended the six officers involved. they have now instituted as of yesterday training with regard to how to make these arrests particularly if somebody is complaining of illness. again, there's a lot to this. that's why i'm glad the department of justice is now involved in this. so that we can get an independent look. >> they've been involved with this department from before this incident as you correctly said. what's wrong with the baltimore police force then? 102 lawsuits for excessive force since 2011 for $5.7 million. so what's the issue within this police force keeping them from coming forward with answers, if the mayor wants it and the police chief wants it? >> again, keep in mind that i practice law, criminal law, for many years. these police officers a

with doj officials. that would have been part of the process that comcast was entitled to. by late last night. they say they got a call from comcast, requesting a conference call early this morning. that conference call happened at 7:30 this morning. and that's when the department of justice i'm told got the official word now that comcast was backing out of its time warner deal. >> amon, thanks for that. we'll have more on the comcast/time warner story next with david faber and is netflix the big winner out of all of this? and a top analyst who pritoppeds price earnings target. and a tractor supply bull, josh will defend his position. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> no deal for comcast and time warner cable. our david faber is at t

> i would ask you, chairman steele, as jeff said he has shepherded through a progressive era at the dojot progressives -- >> when you ignore the law. >> come on. >> when you decide the law says the federal government should do x, and you say we're not doing that, sure you can get away with that. don't give me that face. so with respect to this idea of legacy, that's something that's going to be fought over over the next 50 years. >> you think he'll be seen as more polarizing? >> he's going to be seen as more polarizing in the short-term. in the longer term, it may work out to his ultimate benefit depending on how some of these other decisions that are still out there on gays and lesbians etc., fall down. but the reality is when you look at it from the perspective of those of us who take some issue with the holder administration i understand this move towards addressing a lot of these big issues. but you have to work within the construct that you took an oath to uphold. and when you go outside of that the way this administration has, that has created a lot of the polarization and tension

the doj's brief is to deal with errors and mistakes and criminal wrong doing that occurs and congress to decide if they want to use programs to force or compel or pro tell reforms. what you hear on the ground and a lot of commentators as well frustration because nothing ever changes or gets done. while that's perfectly understandable given the problems that persist, it's certainly not accurate i think when you look at the justice department under eric holder. can you speak to some of the consent decrees and some of the police departments that have been forced to change? i think because that process is long and in some ways ar cane didn't get the same attention as a burning building. you think about the santa fe police department and others that really got change, by this administration? >> this administration opened nearly two dozen pattern and practices investigations into local police departments. in many cases you had police chiefs an mayors who invited the justice department in and then actually it's kind of funny, after they saw the type of deep far reaching reforms that doj enfo

what about the obama can doj had dropped charges? >> right.d that's one of the things that happened this will week, also, they did decide not to pursue charges against lois lerner. she was the irs official. it doesn't drop all of the investigations, but it does drop the criminal charges. remember she took the 50s. house held her in contempt, referred the charges to the u.s. attorney. and he sent an extensive letter to the speaker of the house and said i'm not sending it to the grand jury. so the decision not to go after her for contempt charges on the same day essentially we hear of the aboutenendez charges the appears appearance isn't good. >> so even if it doesn't have anything to do with politics, the timing is suspect? >> because it's been going on for the past couple of years -- >> why now. we all kind of knew this was coming. and i don't detect that much outrage in the media over this. everybody's reported the details of the luxury vacations and five star hotel. got about $700,000 stored his re-election campaign from in guy sal monday me

scarlet: until the ecb and doj and the program. guest: then it is a very different card game."street smart" is next with alix steel. ♪ alix: welcome to the most important hour of the session -- we have 60 minutes left until the closing bell. stocks are climbing toward the record as investors weigh quarterly results from coca-cola to mcdonald's. we have treasuries sliding on speculation interest rates will climb this year. and we are counting down to earnings from qualcomm, facebook and ebay. "street smart" starts now. here are the top stories we are watching ahead of the closing bell. goldman sachs is seeking to raise about $3

this is one of those great ironic stories, suing the doj and hud over investigations.der argues it's the target of a political agenda and being pressured to settle fraud cases. >>> let's get a check on the markets again this morning. take a look at the futures which have taken off this morning with the dow looking at triple digit increases right now. a gain of 122 points and s&p at 12. the do you -- dow was down 1.3% last weekend as of the nasdaq. let's take a look at what's happening in europe this morning. the greece story hanging over everything but at this point it doesn't seem to be affecting the markets. not even in greece. in asia overnight, some modest declines when you look at japan. nikkei down slightly but the hang seng down 2%. a lot of concern about the slowdown in china and what officials are doing to try and stem some of those losses. we're going to talk to eunice in just a moment. oil prices a gain of 26 cents. you are looking at wti sitting at $26 a barrel. in the bond market the ten-year note is yielding 1.7%. well below 2%. 1.87% looks like a pretty

many people say they might prevail were they to take the doj to court.almost always a no-win. we'll be watching it. a lot of different moving parts here. let's get to the bond pits in chicago. >> home on the range. no matter what market you are looking at. highly up changed. that doesn't mean there isn't volatility. i'm looking at closing basis. look at one-day chart of 10s. there is movement. we move right back to the unchanged line. look at two day. it jumps out at you. look at the two-day bund. notice high yield today about 16.5 17 basis points. it's double. that doesn't really tell you the whole truth, does it? if we continue with that range mentality, put the sharp back to mid march. talking over five weeks. closing range there between 1.85 and 1.98. let's do the same thing with s&ps. it's had a lot of volatility. virtually in a 50-point range. it's trading now upper end of the range. euro/dollar. we want to monitor these ranges. you know what happens when you stand on a spring long enough and lift your foot? it pops a bit. >> tomorrow on this progr

. >> the fbi and doj had to double their efforts to get transcripts of the hundreds and hundreds of cases of where fbi agents gave exaggerated testimony. >> before dna evidence the fbi relied on visual analysis. but the testimony was not based on sign disk fact. >> they are very sharp and very trustworthy. it doesn't mean that their experimentation was done properly. >> in a statement the justice department said affected defendants will be notified of past errors and promised justice would be done. don champion, cbs news, new york. >> it will make it more difficult for some to appeal their cases. >>> later this morning a dedication ceremony going to be held for the naval sea systems command offices. >> after the 2013 navy yard shootings which killed 12 people, delia goncalves is live in southwest dc with a preview. you were there when they first started going back earlier this year. >> reporter: right. it was a very emotional time as you can imagine for a lot of folks stepping onto the navy yard campus. walking through that building they did say it felt good to be back. today it is their

they are meeting with the doj today. is it going to happen?ng does collapse rich deserves a lot of credit because he said it will not go through, one of the few analysts to say that. what we did find out on friday was that the doj lawyers were leaning to recommending blocking the deal. to have been building a case for the past couple of months and today is the day we will hear based on our reporting what exactly the doj says to both comcast and time warner cable. betty: will we hear that today or just get leaks out? alex: if we do our jobs right as reporters, we will figure it out. what is important is this meeting was a regular meeting. comcast has been meeting weekly or biweekly with regulators so it has turned into something else. betty: china has a $28 trillion problem. they are all debt. carol: how do you do this? you are trying to de-leverage the debt. it is a conundrum. look at last friday in terms of what they were doing pulling everything in. monday we come in with a much easier policy. in markets and investors are confused. betty: th

they talked about doj resources that could be used there in baltimore. it was loretta lynch who delivered the statement to the public calling it a senseless act of violence. in addition to the investigation, resources could be used in baltimore. community relations and community policing. we're also seeing outreach from the president. he had a phone call with the baltimore mayor yesterday. the white house is not saying if that was pre- or post riots. he had a call with the maryland governor. what the white house is putting out is they talked about some planning and maybe some logistical things. what the maryland governor said is the president supported what they are doing at this point. he may even send the attorney general to baltimore. other than that that's where the white house is speaking. they want to get the message out that they are engaged through the department of justice. christine. >> michelle kosinski thanks. we will get back to that story. >>> turning to the earthquake in nepal. the death toll from the huge 7.8 quake is at 4,400. most of th

erik: this would be the biggest deal since what to be blocked if the doj goes ahead? tried to block the american airlines-u.s. airways combination and that ultimately got resolved. the anheuser-busch deal was ultimately resolved as well. this would be a big fish for the justice department, a big effort on their part. it would send a message not just to the media world but the rest of corporate america that this justice department and the final few months of the obama administration is on the watch and deals people stop might go through might have a tougher time. stephanie: how about the lobbying power of organizations this big? those are major companies with major lobbying efforts who in the end one. don't we think the power of comcast and time warner cable is pretty extra great? -- is pretty extraordinary? peter: they have made a lot of friends on both sides of the aisle. comcast has a lot of lobbying power and they would make the case they have done a lot of good things for a variety of districts and states around the country in providing entertainment to a lot of t

>> because of the doj investigation, their police department is really good.has a problem. there was a prosecutor in charge of senseual assaults. he left before the doj came in. she successfully kept a quarterback out of jail got him acquitted. then she ran for county prosecutor. this is a woman who's shown a great reluctance to prosecute anything other than a slam dunk. she's now in charge of the whole prosecutor's office that and that was one of the more fascinating thing in the book. this problem is so much more common than we know and you talk about rape myth. put that out there. >> one in five will be raped, that's from the centers for disease control. some say it's hard to know. at least ed but it's hugely widespread. why are they reluctant? >> because of the way they are treated in criminal trials. >> they're all creepy dafrmg dangerous acquaintances. >> yeah. most think they're jumping out of bushes. she knew this person since kindergarten. if a woman's being raped she'll if she didn't, that proves she must have wanted it. that's devastating. the traum

doj block the deal. this is a bit of a surprise. even people who are bearish thought it had a 50-50 chance of going through. we are finally getting the first leak in a process that has gone over a year that signals what the g -- what the doj's thinking. if comcast would walk away from the deal rather than pursuing it. stephanie: what are the ramifications? john: we see a series of interactions that are interlinked. charter was made larger. that is connected to this system because it was a stock transaction. you have an at&t directv detail pending. i am optimistic somehow they will find a way through, because there are in a lot of pieces of this. it is -- there are a lot of things that aren't being talked about. stephanie: like what? john: luck net neutrality. this is the obama administration hunger games. at the end they have a piece of legislation and a piece of regulation they walked past. it may be turned over in the courts. there is able -- there is a whole bunch of stuff right now happening that giv

this is an actual doj memo. reiterate to all department personnel, incoming attorneys and law enforcement officers they are prohibited from soliciting, procuring, or accepting commercial sex. so just in case it was unclear, justice department personnel, no hookers. no hookers for you. despite how you might have been comporting yourself in the past. yes! that reminder was necessary especially at a justice department agency called the d.e.a. the drug enforcement administration. since 2001 we know, and the doj now admits dea agents had been engaging in what the inspector general artfully termed sex parties. according to an inspector general report released late last month dea agents made a habit of attending sex parties that were arranged for them at their u.s. government leased properties. the nice thing the prostitutes didn't cost them a thing. the prostitutes were paid for by local drug cartels. usually. in one instance the dea official allegedly solicited prostitutes for the goodbye party. he paid for them. he

. >> no information in terms of whether this came from the white house or doj or why the mayor may have ordered this procedure to be put in place. i was told by two law enforcement officers on the front lines that they were told don't put on these protective suits and they looked at me and said three of our buddies were hurt and had to be taken care of because they were told not to put these suits on because of the optics of the situation. in some way you have to remember what is more important, there are police officers hundreds if not thousands, from all of the mid-atlantic from baltimore to try and restore calm to this city who clearly, up until at least a while ago, weren't allowed to fully protect themselves and in their words, simply take it. >> leland first, i think you've been doing a great job. leland is my roommate in d.c. and i bet your folks are beaming the great job you've been doing for fox. but i wanted to ask, the mayor said she was responding appropriately, especially given that so many of the young people teenagers were involved. do you give any credence to that? >> re

analysis on the 55 loans under the 250,000, we had no choice but to take action when the doj demanded admissions that are blatantlily blatantly and ask us to pay a penalty that they can't explain to us or face legal action. gerri: i think people would be shocked to understand that you are the biggest lender in the country. the biggest fha lender in the country. i don't think anybody knew of quicken loans ten years ago. here you are, number one. my question to you coming out of this lawsuit is this, is it kind of what you termed harassment the government is giving you right now, the department of justice is giving you right now, is this what has driven other banks out of the mortgage business? >> it's absolutely driven other financial institutions away from the fha program for sure. they've gone through this process. asked to pay large parts of money. can't quantify the risk. the people who suffer from that is the consumer the middle class who depends on this program. access to credit becomes difficult. it's the wrong thing -- it's the wrong message to the american people. gerri: my qu

lead the justice department and they will confirm her as the first african/american woman to leave doj and "new york times" says she wants to improve police morale and find common ground with law enforcements and lynch plans to meet with police across the country this summer and this comes with a nationwide debate over tactics and lynch is expected to be sworn in monday and takes over from eric holder who resigned seven months ago but remained in office waiting for them to confirm the successor and the first to hold the position, the fourth longest serving attorney general and possibly one of the most controversial. >> in good times and in bad, and things personal and things professional you have been there for me. i'm proud to call you my friend. >> reporter: eric holder told his friend president obama he was resigning his position as attorney general. leaving behind after more than six years a legacy that is up for debate. >> he has been one of the most decisive attorney general in history >> the best in my lifetime. >> no reason to be timid. >> reporter: praise holder for taking str

this is the first time doj weighed in on the question of hormone therapy.e georgia prison had to provide the hormones moving forward. but each case should be handled individually on its own merits is that because it's not transphobia, there's a complete trans ignorance. >> it's larger than transphobia that didn't encap sue late what's going on here. what the department of justice is doing, they recognize that trans identity and trans people it's a real lived experience and truth, it's nothing that kos mettic and some type of alternative lifestyle choice. it's a step in the right direction but there's a lot of work to do. >> when we look at these images and actually diamond, she talks about in this new york times article about the fact they try to defemme nies her, i'm a woman, recounted this in a phone conversation, to them i was gay. i was what they called a siscy. so finally i was like okay i'm a sissy, do you have a place where sissies can be okay. there's almost a sense of not just suppression but they have to live a life they don't believe to be theirs

she'll be the first black women to lead the doj. her nomination was held up for months because of disagreements over a human trafficking bill. >>> thethe defense attorneys have begun their case to spare the life of dzhokhar tsarnaev. they argue that he was heavily influenced by his older brother. the prosecution say that tsarnaev should be put to death. >>> many arrive to pay final respects to freddie gray. family and friends waited in line to say good buy. gray died while in the custody of baltimore police. good morning. what is the mood among the people where you are? >> there is a great deal to reflect upon. still after a week, more than a week after freddie gray died we don't understand the circumstances in which he died. he was only in police custody for less than an hour but that was enough time for him to sustain three broken neck vertebra a smashed voice box and 80% of his spine detached from his neck. they say mistakes were made. they say he should have been given medical attention he should have been buckleed in in the pol

they said that tuesday they met with the family of freddie gray, but the doj went on to say a couple of interesting things. number one the federal report into the use of force by baltimore police is expected to be ready in a couple of weeks. there is a separate inquiry going into civil rights in baltimore police, and on top of that they say that the team in town who say this people's jobs is to deal with conflicted communities and broken relationships with the police. they're here meeting at the moment with community leaders and faith leaders. as you know the report that everybody wants to hear about is the interim report from baltimore police into the death of freddie gray slated to be released on friday. but will it we're hearing that the police may choose not to say anything about the contents of that report and it may go straight to the state prosecutors. we'll have to wait and see. communities leaders and the lawyer for the freddie gray family said that don't expect to receive much information. that's the way it has to be. that's the system. don't be upset. when you don't learn

we're negotiating with doj right now. my lawyer should have it done within 30 days because they asked the judge for a 30-day stay. i'm putting in a stipulated statement in that case, in that federal case that says, if i'd been allowed to testify in 2001 here's what i would have said. here's the contracts that we were blackballed on. and here's the amount of money i thought i was expecting in my budget. that's going to become -- i'm not going to tell you what that is now. i'm going to let it get filed in federal court. i'm going to let the judge affirm the victory at the trial court and then we can talk about it. >> to be continued. >> yes. >> thank you. so, i think, we've run out of time, joe. thank you very much. i appreciate your participation. >> keep up the good work. >> join american history tv on sunday for live coverage of ceremonies marking the 150th anniversary of the surrender at appomattox. in april 1865 confederate general robert e. lee met union general ulysses s. grant and surrendered his army of northern vi

. >> the fbi and doj has to redouble their efforts to get the transcripts of the hundreds and hundreds of cases of people where fbi agents gave exaggerated testimony. >> reporter: before dna testing the fbi relied on visual analysis of evidence. but forensics expert larry kabonski says it was not based on scientific fact. >> they are very sharp and very trustworthy think. it doesn't mean that their expeer men station -- experimentation was done properly. >> reporter: there could be widespread implications because the fbi has trained hundreds of examiners in counties and states all across the country. in santa clara, kiet do. >>> two people lee -- remain missing. they were among four people left bodega bay friday morning on a fishing trip. their damaged boat was found the next day at tom ales point. the sheriff's department identifies them as diane kelly and 59-year-old richard hargraves jr. of santa rosa. search for the two missing people has been suspended. still unclear what may have caused the accident. the coast guard says it never received a distress signal. >>> european leaders a

. >> people should buy the stock because the doj is going to see the light?> i think they're going to face anonymous pressure is the answer. now, that doesn't necessarily mean that the government responds to pressure, i do realize that, so maybe this is a little bit pope becoming the father of the thought. you know, but having said that, i do think that the world and the government at some point will get its eyes on the ball here and realize this is not a merger worth blocking. >> there's no break up date. so i don't know if it's terribly ownerous for anyone involved if it doesn't go through. i agree with jim, there are enough competing options in this day and age, whether it's netflix or satellite or people unploughing, hbo will offer a stand alone. espn is next. they'll be able to make that case and get the deal to go through. in the meantime, you have a stock that's trending gently higher, it's an inoffensive chart. it's above -- >> you're talking about comcast or time warner? >> comcast. they have nice channels. i think it's an okay long. this is a gigant

after several states legalize marijuana the doj declined to prosecute for the most part people selling marijuana in those states. and urged changing to federal sentencing guidelines. today on his way out, holder t highest law enforcement official in the land said plainly, too many people are in prison. >> we are a nation that incarcerates too many people for too long and for no good law enforcement reason. it is time -- it is time to change the approaches that we have been using these past 30 40 years. >> joining me now msnbc's chief legal correspondent. you've been covering this beat. you talk to eric holder. and my question is will we look back into the trajectory of american criminal justice policy and see the holder era at doj as a key inflection point? >> i think certainly, chris. and, you know, prosecutors do something that is different an other parts of government. they focus explicitly on the past. that is why it's so silly when people say it is a time for locking forward, not backwards. whether prosecuting torture in financial climbs or the melt down or anything else. what the