if you value em today, em is not that expensive, but if you think there is a refreshing involved as hassaid in earlier comments, then the story changes. the significant amount is coming into emerging markets. that is one of the portions of the asset class that is actually better price. i would say not that expensive. >> as pablo said, we are in a world that by the way -- is volatility too low in the world? low volatility does not mean things have to go down. that is a hugely important point. what has been distorted today? what drives financial assets higher? central banks push real rates down and then you inflate assets. your point about europe or emerging markets -- the reason we love emerging markets is that they are away from the distortion. the ecb is not buying mexico. you trade closer to equilibrium. do you buy places like emerging markets where inflation is coming down? you can get easier policy while the developing markets are raising rates. going into europe, i don't think people are saying i've got to get into european interest rates close to zero. when the discount rate remai

. >> i love -- dig 'em smacks or whatever them things are. >> jimmy: dig 'em smacks?he hell they be -- >> okay, i know what you mean. >> i like -- oh, frosted flakes is my favorite. >> jimmy: number one. >> number one with some bananas. >> jimmy: i like that too. >> and whole milk. >> jimmy: whole milk, nothing skim for karl malone. >> hell, no. skim? >> jimmy: no low fat? >> no. no, sir. >> jimmy: okay. >> all right. frosted flakes with a lot of bananas. >> jimmy: number one, frosted flakes with bananas. >> yes, yes. >> jimmy: number two, dig 'em smacks. >> and what are those, pops? corn pops. >> jimmy: and corn pops. >> yeah. raisin brans i load up on too -- >> jimmy: that's a good one too. is it in the top three, though? is it better than corn pops? >> no. i would take out the little frog guy. what is that, dig 'em smacks. >> jimmy: dig 'em smacks is -- >> i'd take that out and put raisin bran in. >> jimmy: okay. >> lots of raisins. i love raisins though. >> jimmy: there we have it, the great karl malone. >> karl malone. >> jimmy: i mean, just karl malone. [ cheers

i em anne-marie green. have a great day. -- captions by vitac -- www.vitac.com

other officers could take him chief brown says that the incident lasted about four minutes and fire and ems crews ran on to the field to help victims before the scene was secure. >>> a text message led to the arrest of three men accused of killing two germantown teens the night before their high school graduation. a judge denied bond for those suspects today. one of the victims texted his girlfriend to say he was meeting the man seen here on the far right, roger garcia to sell him a graduation ticket and instead two others ended up shot and kill in his car in montgomery village. today, the shooting was

at times schultz and curly em openly went while asking for leniency. spanier said i deeply regret i did not intervene more forcefully. curly said i sincerely apologize to the victims and all impacted because of my mistake. the judge stated during the sentencing disbelief in the lack of action taken by the former administrators. he said "all three ignored the opportunity to put an tend to

lot of money on 'em. want to get them outta here so i can bring in cars that we do own and we can make some real money on. >> that's all you. >> yeah, buddy. now that we've gotten rid of the wrong cars, it's time to buy the right cars. >> [indistinct auctioneering] >> we're at the auto auction where tony will have the chance to do his job and buy inventory without pete interfering. >> all right. >> too many miles. i don't want it. if you can buy this car for, like, 5 grand, 5,500. that car's probably worth about 9 grand. >> 9 grand. >> sold. >> [indistinct auctioneering] sold! >> i can tell this is tough for pete letting tony and i make decisions, but i'll give him some credit. he's standing back and letting us do our job. >> sold! [indistinct auctioneering] >> the balance is $386,672. >> okay. today we picked up 28 used cars. we more than doubled our inventory. take care. i've hired painters to come in and take down these murals and paint over these clouds that add no value to selling cars. we're gonna l

. >> nail 'em. >> that's a proper term. yikes. >> it's already happening. last night my dog was bark, boy, i couldn't sleep because she kept barking because she could hear the fireworks going off around the neighborhood. >> already. >> people randomly setting them off. i think it was 10:45 when she finally settled down so i thought oh, boy it's going to be fun between now and july 5. the morning of july 5. >> see how much sleep you get between now and then. >> if you want to discourage people from setting off fireworks tell them to google jason pierre-paul who blew off part of his hand with illegal fireworks. >> out the door, we have low overcast at the coast. this is a typical summertime pattern here in the bay area. it's overcast in the coast screaming into the east bay hills. not as much this morning in the north bay. temperatures 50 to 59 degrees. breezy in the area. 23-mile-per-hour winds in fairfield. winds will be variable during the late afternoon hours 10 to 20 breezy late day. clouds hang tight to the coast. satur

also today, other fire and ems personnel that responded were thanked and recognized for quick and brave work treating all injured including shooter. mean while it's about almost a week sint the shoot and this del ray neighborhood and city of dooe is ready to 34506 on.

also today other fire and ems personnel were thanked and recognized for quick and brave work treating all injured including shooter. meanwhile guys it's almost a

. >> you don't need 'em.ady to go? >> i'm ready. >> let's play "who wants to be a millionaire." [dramatic musical flourish] okay, we jump right back into it with a chance to double your money right away. $20,000 is what this question is worth. >> okay. >> in 2014, what director said he plans to only make two more films and retire, thus leaving behind a directing filmography of fewer than 15 movies? >> okay. i was just reading about this, actually. >> that's good. >> i was, but i wish i read a little bit more closely, because i am not quite certain. >> you had me excited for a second. >> i know, right? me too. [laughs] and then they popped up a couple of pretty good options. i'm pretty positive it's not b, woody allen, or d, ron howard. >> okay. >> i'm going between scorsese and tarantino. [clicks tongue] fewer than 15 movies. $10,000. double or half. >> exactly. >> or nothing, so that's good. >> that is the risk reward, that you walk away with $10,000. >> it is the risk reward. >> or you add $10,000 to that s

a lot of 'em were first-time ever, especially in santa clara county.hy was that needed in terms of, you know, why wasn't it addressed earlier? and how difficult was it to do that? arcadi: well, one of the things that hep b free created when we were in santa clara county, which i carried over to san francisco hep b free was the business initiative. and one of the reasons why we waited as long as we did to start strategizing that way, to educate employees, working directly with hr departments, is because we needed to make sure that the community was aware of what this issue was before we try to break in and help them understand at a different level. so, we started engaging the hospitals. excuse me, we started engaging the small businesses, the restaurants, the mom-and-pop shops. then we started getting a little bit bigger and working with the larger corporations. so, we would go in cold to these smaller businesses, no invitation, no prior notice, and we'd just start engaging them in conversation: "do you know about hepatitis b? are you familiar that it c

>> we showed 'em different. >> we proved them wrong. we proved 'em wrong. >> i'm steve kroft. >> i'm lesley stahl. >> i'm bill whitaker. >> i'm anderson cooper. >> i'm sharyn alfonsi. >> i'm scott pelley. those stories, tonight on "60 minutes." >> cbs money watch update sponsored by lincoln financial. you're in charge. >> reporter: good evening. britain begins talks monday on leaving the european union. fedex, car max and blackberry are among the companies reporting earnings this week, and dairy workers marched to a ben & jerry's ice cream factory in vermont saturday, asking for better pay. i'm demarco morgan, cbs news. ♪ my, what big rims you have... my, what bright eyes you have... ['beep' 'beep'] all the better to tease you with, my dear. that was good. where to? gee gees. get ready to spin your own tale... introducing an all-new crossover. toyota c-hr. toyota. let's go places. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour tur

mitch: and you already got 'em. scott: we already got 'em. lieutenant andrew reuben: and you don't know how many lives you may have saved because you took this guy off the street. mitch: in delaware, newark police lieutenant andrew reuben is 1 of 23 drug recognition experts in the state. both lieutenant reuben and corporal davis train police in their states but say they can't keep up. they've caught people driving on legally prescribed painkillers and illegal stimulants like cocaine. both say the most common drug they find now is marijuana. andrew: we've had an increase, i think, in the number of multiple offenders. scott: it is frustrating. i mean, i'm a human being. i'm strongly passionate about what i do. mitch: if not for a drugged driver, trooper kenton iwaniec might be working alongside these officers. since he died, his mother has become a fierce advocate to get police more help. debra: everything kenton was or would have been was taken in an instant because someone else chose to drive impaired. mitch: for the investigators, i'm mitch

taimur: it is fascinating how em to em trade has gone up from 25% in emerging markets to over 40% nowhe opportunities as you said, how do these countries fit in with each other? one simple statistic captures it. the number of chinese tourists in other countries is now more than the entire size of the u.k. and french population combined. a lot is happening between and there wills be more opportunities opened up for middle-class is to create demand oriented growth rather than feed into supply chains. mark: i like another one of your themes, structural transitions. the opportunity to provide money maybe to real estate, to infrastructure, local bond markets that are maturing. how can we position ourselves for that? is ar: i think mexico poster child in the real estate sector where if you start tracking signals a few years back, international shopping chains like walmart building offices. you saw a market that was otherwise to formal. now you are seeing opportunities . i think tracking those signals of which countries are going over that into modernization is something we follow closely an

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. >> lots of em?ha, i don't know how many, god knows, but i definitely want to have more. >> beyonce has been keeping everything quiet, katy perry has been putting everything out there for the whole world to hear. she posted this thank you today. quote, couldn't have done it without all of the fantastic people that came over to help start conversations. katy perry is definitely not going back into her shell. >>> the video of the year goes to katy perry! >> katy perry! >> katy perry! >> she's won dozens of awards but here's what she really thinks about them, telling "the new york times", quote, all the awards shows are fake, and all the awards that i've won are fake. >> thank you so much to everybody who helped. >> she always seemed grateful when picking up trophies, but says now to her the shows don't represent the fans. katy tells "the new york times" she's revealing her true self-. born kathryn hudson she believes the old katy perry is gone. she changed her look, chopping off her hairs. as we saw fr

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i mean, the diet's doing something for 'em! >> woodruff: how much sleep do you get? >> i get quite a bit of sleep. i like to sleep. so i, i'll, i'll usually sleep eight hours a night, and that-- no, i have no, no desire to get to work at four in the morning! >> woodruff: so many people look at you and they think, oh my goodness, this man, he's accomplished so much! he's been so successful, he's 86 years old, and he's still going strong! >> i love it. >> woodruff: so, what do they, so, what's the secret? >> the secret is to find what you love to do! i mean, i tell the students, look for the job that you would take if you didn't need a job. i mean, it's that simple. and, i was lucky enough to find it very early in life, and then, the second thing is to have people around you that make, feel good every day, and make you a better person than you otherwise would be. i mean, that's the ultimate it, it's, i have more fun doing this than anything else i can think of in the world, and i've seen a lot of other things you could do in the world. >> woodruff: warren buffett, than

we are generally bullish and have been for 18 months on em. i think this could carry on.how long? steven: come on. a time.ake one month at this stuff happens. i think that we can look through the rest of this year in the constructive fashion. guy: up next, we are not quite done with steven major just yet. he is the global head of fixed income research. we will carry on the market coverage as all. we are waiting for mr. draghi to speak. he will be speaking in 40 minutes time. he will be joining us from sentra in portugal, where we ecb the hsbc -- sorry, the conclave underway. this is bloomberg. ♪ guy: welcome back. 24 minutes past the hour. steven major is still with estimates of pc. draghi speaks -- is still with us from hsbc. rugby speak soon. steven: there are quite a few hawks out there. there seems to be consensus around the idea that the ecb is reaching for the exit. those people will be reaching for any indication to that direction. it. not really see i have actually a bit confused as to why so many people are so certain that the ecb is going to reduce the asset pur

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you can grab 'em. skewer 'em. pop 'em. just don't ever call 'em mild. sargento snack bites.or in a little bite. pain is sometimes in my hands, be a distraction. right before a performance especially. only aleve has the strength to stop minor arthritis pain for up to 12 hours with just one pill. this is my pain. but i am stronger. aleve. all day strong. for some, it's a distance. for some, it's a time. for some, it's a point. a pose. moving a bunch of heavy stuff. and doing...whatever this is. and for some, it's 8 hours of high-performance sleep. with beautyrest's innovations and technology, sleep performance is the new performance. [hissing] uh- i- [sound of wrench] [intricate guitar riff] [engine starts] [guitar continues] >> shepard: continuing coverage of the russia investigation. president trump telling "fox and friends" that the friendship of james comey and robert mueller very bothersome. he called mueller an honorable man. let's bring in allie watkins from politico. seems there's a strategy developing here on the president's part. >> yeah, we've kind of -- we were all

i would argue that em corporate and reform potential in em countries is a much better risk to take them rate risk with 10 year treasuries. ocal emerginglobal markets. jonathan: that is not a confession. bob: you are still statistically cheap from where they were back when the taper tantrum started. i like the government bonds. i like more liquidity there. i like that they have a high real yield. jonathan: looking at the bloomberg barclays, talk about the sleep at night buffer you might have or not at all. kathleen: no. not at all when you look at breakevens. i have a chart here that looks forhe u.s. agg equal rated -- people waited for duration. we are at a nice cushion. today in the lower right you see we are at 42 basis points. if we get an increase in interest rates, you are wiping out that total return potential. that is where i get very nervous about staying too late in credit. jonathan: you are all staying with us. gaffney,el, kathleen michael collins. yields grinding lower by two basis points on the two-year. 2.81% is the latter curve no matter where you look at it in the treasur

. >> go get 'em. >> see if he can pull off a smooth recovery in the sky. >>> it's a veoalte s of a fathe interviewing his daughter on -- >> the first day of every school year -- meet the sentimental da and the star student who's all grown up. >> so are you going to follow her to college? >>> we've got christian, charity, nick, and gayle breaking down the best on the web including the stuff that ride share drivers can't stand. hi >>>> they cover people eating in your car? >> oh, gayle. > why that's just scratching the su >> oh, god, no. >> oh! >>> when it comes to transportation, a lot of accidents are avoidable, but you're going to see this wasn't accident. this was on purpose. teu see this woman walking by a cargas staon has passed by. everything seems okay. but she's walking in the middle of the roadway. and somethingpeap h thanst vw comes back around. >> wow. >> oh. >> that was deliberate. >> yes, it was deliberate. but as you can see, it was caught on ccttv to police. police were able to track down the driver. they did say the person was arrested, thear c confiscated and they're keep

. >> we're back underneath these misters here, but just in the last couple of minutes, fire and ems have responded to head related illnesses. that just shows you how important these misters are here. as the alameda county fair begins, so does a heat wave. >> drink plenty of water. >> wear loose fitting clothes. >> the second we walked into the fair, all he talked about was his ice cream. so we did a few rides and he got his ice cream. >> reporter: the alameda county fairgrounds sits on 600 acres, while there are thousands of trees, the concrete makes it hotter. >> we have our ambulances ready to go, in case we have a heat emergency, we're able to go and get the patient and bring them back here. >> reporter: fire and ems have added a gurney to their >> winter was very cold and we're very concerned about the heat and we're expecting temperatures well over 106. >> these animals are in the shade and handlers will water them down multiple times during the day. hydration is crucial for humans and pets. the fair is expected to draw more than 5,000 people during a 20-day run, and the first few d

>> parker: we showed 'em different. >> benson: we proved them wrong.t year in starkville, where bulington's team of mostly- elementary school kids from franklin county faced off against much older high school players at the mississippi state championships. rebekah griffin was in the fifth grade. what was their reaction when they saw you, a little fifth grader, sitting across the table from them? >> rebekah: one of them started bragging to their friends about how he got easy pickings. >> alfonsi: is that a little scary, playing somebody who looked that much older than you? >> rebekah: i didn't really think about it until somebody told me, "you played a guy with a beard?" >> alfonsi: you guys roll in, and they say, "who are these kids," right? >> braden: they were basically, like, trying to say we were a joke 'cause we were kids. but after the game, we usually beat 'em, and they were, like, very shocked. >> alfonsi: don't you guys feel bad you beat all those older kids? >> braden: never. >> parker: no. i don't want that to make me seem like a cruel perso

you can grab 'em. skewer 'em. pop 'em. just don't ever call 'em mild. sargento snack bites. big flavor in a little bite. say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. elizabeth: theresa may spoke to the world about the attack. the third deadly assault in the united kingdom since march. prime minister mae says terrorism breeds terrorism and now is the time for the west to make major changes on the war on terror. here she is laying out her plan going forward. >> we cannot and must not pretend that things can continue as they are. things need to change and they need to change in the four important ways. first, while the recent attacks ar