i believe that dr. dre did not put the headphones to. but the way that dr. ey were looking for a contractor to do it for them. paul: this is also a dispute in business. you have someone with valuable is like a property in the form of their connections and you have someone who can actually build something. contracts get drafted and then there is dispute over what the contract mean. iovine and dre say certain events took place that triggered the change of control clause. matt: and lee signed it. stephanie: a deal like this being successful, of course, lawsuits will ensue. how real is this? how scared should apple be. ? paul: they don't see it as a threat at all. they feel like they can toss the suit out before trial. the real danger is that the fight gets in front of a jury. if a judge decides it in the matter of parts and contract liquids, apple might be at an advantage. if it's gets in front of a jury, is a david versus goliath out of. this guy says i toiled for all the these years and i put all my money and this in these big guys are trying to write me off,

and the founder of monster headphones is suing dr. drerongfully pushing him out, saying they stole his design and money when they sold beats by dre dr. dre to apple last year. paul barrett spoke on "market makers" to explain who lee is and why he is selling out. this guy made a small fortune with high-end stereo cables in late 1970's says he is the guy who built the headphones. he said dr. dre did not sit down and put the electronics together . he is the guy who did it. he arranged for the design and manufacture, distribution. he's the one who got it into the stores and now he wants his share now that it turns out the company is worth $3 billion. matt: i believe that he did not but the headphones together, but they have this idea to make speakers that morph into headphones and then looked for a contractor to do that to them. guest: this is often a dispute in business. you have someone with valuable intellectual property in terms of their reputation and connections. the new got someone who can actually build something. contracts get drafte

suge knight and wrappers dr. dre, ice cube, all being sued.d children of terri carter filed the lawsuit claiming dr. dre and ice cube producers of the straight out of compton movie hired known gang members to provide security for their location. >> and the suit claims gang members started the fight which ultimately led suge knight to run over and kill terry carter with his car. >> also will smith's wife, i love her jada pinkett is getting real, she got real. about her 18 year marriage to will. the actress sat down with howard stern, and during a interview admitted 25 was too young to tie the knot. >> i agree. you agree. >> oh ya. in regard to trust issues with the couple jada says she's not her husband's watcher. i'm not my husband's keeperment adding that the philly born movie star has all the freedom in the world to do what he wants. now, is she intimating about the rumors that they have an open marriage? >> could be. she is saying she's not keeping watchful eye not watching his phone whatever he want it do. >> have you been watching this am

same as ed lover and dr. dre and lisa, i want them to say breakfast club.y bad. >> up next, we get real with nene leakes. stay with us. [woman 1] if we're going to say no to lupus, we need to know lupus. [woman 2] lupus almost took my life. no, know, no, know, know lupus, no.. lupus. because there is something we can do. each of us. all of us. [man] there is hope, you just have to get involved, i haven't given up. i challenge you to know lupus. [whoopi goldberg] go to lupus dot org slash know. there is hope! amazing how being so light on can be so hard on them. gold bond foot cream. 7 moisturizers, 3 vitamins, help heal and soften. even these feet. gold bond. >>> welcome back. nene leakes is living her dream. she's gone from reality tv to tv and broadway act tes and beyond, but she's confident that she'll always be one of the leading housewives. >> this season on the real housewives of atlanta. >> see these legs there, honey. >> i love you, cynthia, you're my sister. >> tell us what is going through your mind right now as you are about to embark on a whole

dr. dre and lisa, just now i want them to be saying breakfast club. oh, i'm sorry. my bad.y bad. >> i definitely had a great time with the breakfast club. up next, these entrepreneurs of the week are cooki profit. stay with us. in the nation, we know how you feel about your car. so when coverage really counts, you can count on nationwide. ♪ love because what's precious to you is precious to us. ♪ love is strange just another way we put members first. join the nation. ♪ baby... ♪ nationwide is on your side hwe're going out in an hour... gelcaps? fast. allegra® relieves your worst allergy symptoms two times faster than claritin®. new allegra® gelcaps... not just fast, allegra® fast. >>> welcome back. these entrepreneurs learn the ingredie ingredients for supply and demand in their own of a husband and a wife team who started with a hobby that's a journey full of flavor. now they're focused on cooking up a business recipe for nationwide distribution. arsha jones and her husband charles are from the washington, d.c. area where they used a favorite condiment known as mumbo sauce

manufactured beats headphones, the phenomenally sex-role headphones backed by successful headlines backed by dr. dreto apple for billion. beats electronics and said i should have been cut in on that deal because i'm the guy who actually designed and manufactured those headphones. now we've got a classic business fight in court over who deserves credit for these iconic headphones. betty: so interesting. paul, thank you so much. much more ahead on the bloomberg market day. ♪ betty: it is 10:00 a.m. in san francisco and 1:00 a.m. in hong kong. for a greekof hope deal. leaders are meeting for an emergency summit on greece. markets and policy makers are optimistic a deal could finally get done this week. what do the stealth bomber having, or, the training simulators are all made in orlando, florida and they are branching out into commercial flight training. mark: health insurers are about to get bigger thanks to a wave of consolidation by obamacare. who will be left landing -- standing? betty: good afternoon. i'm betty liu. look att's begin with a the markets. wall street is joining global markets in ral

snoop dogg is ready for next act and this time he's going bigger than dr. dre. he wants to be the ceo of twitter the real ceo. dick costolo announced he is stepping down so snoop is taki taking -- raising his game. the first order of business to get the moolah and as a result if snoop was twitter ceo hashtag treading on twitter as we speak and hear some of the ball went through tyler james tweeted snoop as ceo we know the color scheme would be green. if snoop was twitter ceo he would up the character limit to 4/20. if snoop was twitter of ceo we would have to whistles and twitter would become to his old and wall street would be like -- which i believe is not a bad word. topic number three. pomeranians are this cute little dogs that look like living stuffed animals and a pomeranians who is stuffed with cuteness and they taste like tina butter. walking the dog is too exhausting when you are that adorable. jim decided to take his lazy carcass to a toy start so he could ride a little nerdy. ♪ ♪ >> is so catchy. my girls are getting a dog soon and my worry is they wi

dr. dre's the chronic and ac/dc reportedly put in their catalog on apple music plus apple's rivals. apple is betting it can convert many of its 800 million itunes users and pay streaming subscribers. the biggest rival right now is bona fide with almost 500 million paying customers in the u.s. with such market share looks like mark apple might be able to beat them. >> what is interesting is 100 million cap itunes users, only 25% outside actually spent $110 on albums and songs. we will see whether or not people actually fork it over. sandra: everybody says pandora, nobody will pay for it. i am a loyal pandora user. i pay a whopping $4.99. sandra: i have nothing on your compass of bring it on. the country is now just hours away from defaulting on a $1.8 billion debt repayment to the imf. we will have a live report from athens on the very latest on that. and what is does the turmoil increased need for janet yellen of the federal reserve. the latest analysis on that. after the worst loss of the year

matt: a former partner in beats by drake is suing dr. drethey stole designs after the sale of apple for $3 billion last year. it is a fascinating story. claiming, mr. lee is that they push them out -- him out. >> knoll lee runs a company called monster cable and says he is the guy who actually designed and built the famous beats headphones. it turns out they are worth $3 billion to apple. drenowledge is that dr. where the front men and that their connections were crucial to getting eats off the ground. a crucial moment, to use some contracts agreed to -- to use some contracts agreed to push him aside. hadia: it seems like they ari decided they wanted to sell the apple. inhis allegation was back 2012 when it was making hundreds of millions of dollars for everyone at the time was very happy. he said at that point jimmy iovine got the brilliant idea to sell this franchise to apple. olivia: thank you, paul very good matt and i will be back in just a moment. what the flock . . ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the sc

> this wasn't the first time he's been shown rapping his skills he's done lyrics in the past from dr. dreb.i.g. >> my uncle ben was on there dregg except len. >> really? >> yes. led zeppelin music ray gay style sunglasses, impersonator. >> oh, a lot going on. >> that's cool. like about 1991. >> welshing mark wahlberg spoke to us weekly last week about what makes his marriage to wife, is it ria durham? >> airing secret to success spending quality time together. that's what wahlberg is a tribute to go his happy marriage of six years to that life of his. the actress says it really mat tears get that one-on-one time together, even while working during the premiere of ted two. within cents say mark and his wife were hand-in-hand all night long. >> awe, is it real that i simple chris, just spends time together, that's it? >> well, quality time. we spends all kind of time together, because lot of times it is interrupted by dishes, and kids and -- >> you need date night? >> need date night. >> how often do you have date night? >> not enough. here is the thing about date night, babysit remembers l

suit alleges universal should have heeded the rapper dr. dre'sight away instead of continuing the film shoot in compton. knight and dre have feuded for years. >>> investigators found hundreds of rounds of ammunition a machete, several tomahawks and knives on gonzalez. the car was found a mile from the white house. the army veteran with a history of mental illness pleaded get to charges in march. >>> a number of labs that may have received live anthrax has more than doubled. the pentagon says more than 50 such shipments to 17 states three countries were made in recent years. late last month, the pentagon admitted to mistakenly sending live samples to several labs. stanford by the way received one. so far no lab workers though have gotten sick. [ pause ] >> these are possibly hundreds of different lots. so that's why i do believe the numbers may go up. >> the army's top general says the process of killing the anthrax might have failed. >>> it is 5:55. in our next half-hour, parents are calling for the firing of a bay area high school teacher. the x

beyonce topped the list last year followed by lebron james and dr. dre.acts. on wednesday the first floor of the national museum of american history in washington reopens after a $37 million renovation. thursday is the anniversary of the founding of the salvation army by the reverend william booth in london. friday sees the kickoff of the calgary stampede in calgary alberta, a rodeo and western heritage event that attracts thousands of fans on both sides of the u.s.-canadian border. and saturday, of course, is july 4th, independence day marking the 239th anniversary of america's deck whatration of independence from britain. >> cowan: singles looking for love and marriage, it isn't always obvious when it's a match. that's why profile match maker mo rocca has been talking to works a little magic. >> reporter: with all the partisan bickering that goes on, it seems no one on capitol hill is getting along. >> both houses are trying to block funding. >> so you went back and made it worse. >> reporter: but then there's new york senator chuck schumer's office, wh

they spent a town of money to buy dr. dre's needs. what are they going to do next?tify is the leader. erik: is it better to be impressive? -- it had better be impressive. they don't usually make a big splash. jay-z's was impressive. apple had better be more impressive than that. jay-z was able to get artists as equity partners. what does that mean for apple? where they could really take it to spotify and the others is on the beatles. itunes has the beatles and nobody else does. there are some other artists that refused to participate. stephanie: the issue that jay-z's company faces is he's gone in the model of bringing in other artists as equity partners. that is how he runs his business. when you offer that to 16 artists, the goal is to bring dozens, hundreds, thousands. you can't keep cutting that pie. erik: what about the other artists? they are tomorrow's as men's. stephanie: that's going to happen at 1:00. i am excited. in the next hour, we will sit down with the ceo of fusion. they sponsored project i did on ocean conservation in the middle of the pacific ocea

dr. dreill will be there along with taylor swift's "1989." >>> a law would require mandatorymake any difference tore difference mandatory immunize. what does it mean and who is exempt? >> we have children in public schools and private schools that they will have to be vaccinated against certain diseases and i mean have to. there will no longer be religious exemptions and no longer be personal belief exemptions. this will be one of the most strict laws in the country mandating vaccines. >> no vaccine, no school? >> no vaccine, no school exactly, correct. what would happen is you would have to take your child out of school if you have a religious or personal feeling about this and home-school your child or put your child in a private study home-school. that is where the objections come in. so a parent says you're interfering with special relationship that i have with my child, it's my right to be able to say what poison since that's how they look at it goes into my child versus something that s

they're trying to get drake and dr. dre to sign on. apple bought them last year for $38 $3 billion.t a small fraction of the streamsinging market. subscription music revenue jumped 45%. am was late to the game. spotify launched 7 years ago. pandora had more than 79 million active users at the end of marchand beats had 303,000 paying subscribers as of december. apple's long running tv service is being delayed. they haven't wrapped up licensing deals with content providers. apple is also still working on technology needed to deliver local programs. apple wants to bundle 25 channels for streamsing for 30 to $40 a month. back to you. >> landon thank you very much. there's a historic soccer match set to kick off between the cuban national team and the new york kosmos. perhaps the greatest soccer player of all times is with the cosmo's squad as it prepares for the game in havana. it's the first time cue maba played a team from the u.s. since 1949. >> it was real awesome to interview him. >> how does he compare to ronaldo? >> he achieved more in his career than they have done so far. ronal

tim cook said that was a big reason he wanted to pick up dr. dre' beats service.ated. jimmy is on stage talking about we'll bring streaming music and streaming video together in a service that allows art and technology to co-exist. they haven't explained how they are going to do it but it's something they had trouble with. >> ivan, they are coming back out with apple music. they bought lala about five years ago for a couple of million dollars. a cloud-based music company. i made a mistake uploading all my music to it then it got shut down. is this something you care about as an investor? >> yes. it's another component lala was more of a music storage product an streaming product. apple is not the first in what they do but they do become the best. over time i think they will have a good product. >> when i was asking whether you thought this streaming service could be successful, you said yes because apple has a huge installed base. yet that installed base didn't help with i radio or itunes. why do you think as an investor it is going to work and will be a big thing

dr. dre', drake. and elton john. a big day for apple, but big day for music lovers.ere. streaming hoarder. brittany thought of the name. >> where do you find the time? >> apparently i want to be a deejay in another life. i don't listen to it. streaming hoarding. it's a problem. >> thank you for sharing. >> there's a couch in there. >> tamron, thank you very much. brittany, thank you. coming up, from "mad men" to "minions." jon hamm will stop by. that's right after your local news. hi i'm andy allen, and i've partnered with visa checkout and williams-sonoma to save you time to throw the perfect east coast clambake. with visa checkout you can get what you need online in fewer clicks so that you can spend less time stressing and more time sipping rosé with your friends. i'll guide you along the way making sure you get everything just right, from decor, to food, to that elusive bottle of rosé. watch the savor the summer series for party planning tips. and save even more time with visa checkout. the easier way to pay online. all the hard work... time in the service... com

dr. dre' drake. i'm a streaming hoarder. there's a new condition out there. streaming hoarder.in another life. i don't listen to it. streaming hoarding. >> thank you for sharing. >> there's a couch in there. >> tamron thank you very much. brittany thank you. coming up from "mad men" to hi i'm andy allen, and i've partnered with visa checkout and williams-sonoma to save you time to throw the perfect east coast clambake. with visa checkout you can get what you need online in fewer clicks so that you can spend less time stressing and more time sipping rosé with your friends. i'll guide you along the way making sure you get everything just right, from decor, to food, to that elusive bottle of rosé. watch the savor the summer series for party planning tips. and save even more time with visa checkout. the easier way to pay online. all the hard work... time in the service... community college... it matters. it's why we, at university of phoenix count your relevant work and college experience as credits toward your degree. learn more at phoenix.edu. when the day arrives a little earlie

apple is defending jimmy i dre,been -- iovine and dr. the founders of the covenant, against accusations that they maneuvered the rights to the design and factoring and distribution of beats headphones away from one of their early this is partners, the ceo of monster, a company that makes high-end audio equipment, with essentially feels that he lost out a share on the purchase price and is trying to recoup some of that money. angie: why did apple by beat in the first places? tim: this is kind of the messy left over of a business dispute that prior to their acquisition. for theirafter beats subscription-based music service which they used for their own music subscription service. it will allow you to pay about $10 a month and have all of the music in apple's -- most of the music in apple's catalog. angie: thank you so much for that. apple's troubles aren't over. it is 1 billion and counting for "jurassic world." it set a record for the fastest $1 billion in worldwide ticket sales. universal says they will reach that level just after 13 day