doesn't own that because the japanese firm already has a 40% stake in emi so the move is part of then to basically move away from making gadgets to focusing on gaming subscriptions and entertainment instead so this deal would combine sony's record label deep bench of artists from beyonce to raya carey, john legend, with emi's beatles, queen, carole king, coldplay, and david bowie. earlier this month the firm expanded its entertainment folio, buying a stake in peanuts, the company behind charlie brown and snoopy, for $185 million. this is a music marriage. perfect! for both companies. we love a wedding at the bbc, as you know. thank you, rico, good to see you. moving to russia 110w. moscow believes it has found a way to fight back against us sanctions imposed on russia last month. russian lawmakers want to stop exports of titanium to the us — a metal heavily used by us aeroplane makers. but, as 0leg boldyrev reports from verkhnaya salda in the urals, it's a plan that could backfire. if you think oil and raw materials is all russia can export, think again. titanium isn't precious but k

emi is a music library.ways been a music since the acquisition of columbia more than two decades ago. with is part and parcel its movie business. and the interesting thing is whether sony will figure out some sort of way to package them into a product or put them into other products. the higher grow margin content and services business. so this is really adding a bit of firepower before it lays out how it will turn that into cash flow. betty: all right. reed stevenson, thank you. they are in tokyo. up next, investors await tencent music going public, we look at the evaluation for chinese tech unicorns. this is bloomberg. ♪ this is bloomberg. ♪ asia."this is "daybreak yvonne: the coming years are expected to bring a tectonic auto industry with electric vehicles on track to change the future of driving. that is the report from bloomberg energy finance. they predict that by 2040, 50 5% of all new car sales will be battery-powered. china will be in the driver seat for the next decade. we have this flagship repor

sony signed a deal with an abu dhabi —based investment firm to buy its holdings in emi.away from making gadgets and focus on gaining subscriptions in entertainment instead. thank you for investing your time with us on asia business report. don't forget to follow us on twitter. see you in the next hour. the top stories this hour: the eruption of kilauea in hawaii enters a new, violent phase — lava has doubled in speed with fountains of molten rock reaching 180 metres in the air. a summit to rescue a summit. president trump is to meet the south korea president to try to get his meeting with the north's kim jong un back on track. it's the highlight of the horticultural calendar, showcasing some of the most creative garden designs from around the world. ahead of the chelsea flower show‘s public opening, we were given a sneak preview. the theme for this year's event is health and well—being, exploring how plants and green spaces can improve lives. helena lee reports. this, the world's most prestigious flower show, after months of preparation, garden designers finally get to s

owns 40% of emi and they are in charge of operations at emi.he entire music industry is growing strongly and structurally, driven by the streaming music business. from that perspective, i think the consolidation of the other 60% of emi is definitely a strategy to -- definitely strategically correct. at the same time, the price sony pays, at the price value of $4.75 billion, it is indeed quite expensive compared to the sony atv takeover. reporter: david, i did want to ask a question also. japanese companies tend to play this game where they set the bar very, very low, and then they exceed it. sony has done this over the years. do this.shida is this the standard game we see from companies like sony, or is this more extreme than what we have seen in the past? think this is the standard game. absolutelyid is true, japanese companies tend to set a low bar, especially when they had new management, they set a low bar for the first year when the new management is on board. having said that, i think investors are having a bit of higher expectations than

sony is taking a controlling state in emi, which will show it gain rights to artists including queen and for rail williams -- phaharell williams. it is a major investment in music by the japanese conglomerate at a time when revenues in the industry are being boosted by streaming services like spotify. the acquisition of emi will add more than 2 million songs to the database including acts like kanye, sia, and hosier. genie: after pulling back from threats of a trade war ovever te weekend, the u.s. . and china could be clolose to another dea. stephen: this is to do with a chinese telecom firm. washington had banned the sales of u.s. components to the company, which nearly destroyed its business. reports in various media now saying a potential deal would see the ban lifted in exchange for management changes and the payment of another large fine by the company. announced it is cutting import duties on 15%enger cars from 25% to from july y this year. genie: staying with trade issues, this time in rwanda. stephen: second hand clothing markets are facing an uncertain future after the gover

the japanese electronics giant owns 30% of emi.r catalog contains millions of songs from artists including kanye west, queen, pink and alicia keys. >>> apple is expected to announce at its worldwide developers conference that siri is getting smarter. a source for the news is siri. asked about the conference, siri talked about its new home, a new voice, and said "i'm getting a lot smarter." apple has made similar promises before. when siri was first introduced in 2011, but many studies show google assistant and amazon's alexa are smarter and more useful. >>> and that distinctive scent of play-doh is now trademarked. hasbro introduced the now iconic doughy toy in 1956. parents and kids around the world are familiar with its unique smell which is described as a sweet slightly musky fragrance with hints of dherry. ann-marie? >> that smell used to remind me of childhood. now i have that a child of my own, it reminds me i'm going to be taking a scraper to the hard wood floor and cleaning up. >> my son is into play-doh, too, i get it. i l

is buying emi music publishing to the tune of $2 billion.art of the new ceo plan to turn away from hardware toward content. joining us now is our technology reporter. deal signal about where some he wants to position itself? -- where sony wants to position itself? wants to become more like disney and time warner, centered around content and entertainment. they are buying a huge library of publishing. they have a majority stake of over 90% as a result of this. there is a big kind of conglomerate entertainment empire. it also has columbia bet it wants to keep investing and. when you look at the last five sold laptops, smartphones, and sony is moving away from hardware and toward devices, content, entertainment, games, movies. it is a big shift. this deal signifies what sony wants to be five years from now, a company that doesn't sell you the gadgets but will sell you the stuff you use through the smartphone or the gadgets of the future. manus: in terms of the profit outlook, they have been conservative. is the new ceo he of of what i dout with

also in business briefing, sony snaps up emi for a mere $2 billion. be live to asia for the latest. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. also in the programme, coming to a tv screen near you: the obamas sign a deal with netflix with plans to make documentaries — features where they will be on camera and behind the scenes. so what programmes would you like them to make? suggestions to #bbcthebriefing. it's exactly one year since 22 people were killed by a suicide bomber at an ariana grande concert in manchester, here in the uk. at least 800 more people suffered physical and psychological injuries. there are special tributes planned across the city. later, prince william and prime minister theresa may will attend a service at manchester cathedral. and, as evening falls, song lyrics chosen by bereaved families will be projected around a square in the city. then bells will ring in churches across the city to mark the exact moment of the attack. fiona trott has been to meet a mother and d

controlling 80—90% of the music and the news this morning that sony is going to buy out the rest of emitry wants many different venues for people to listen to their music as possible so there will be some people who will pay google for subscriptions to youtube and other youtube content, but the majority, i suspect, will still take an advertising —based service for free. something else you mentioned in our conversation earlier which was very interesting as well, was this concern in the markets about google's margins being squeezed. what is your take on that because i thought it was an interesting perspective on in what is going on with google in terms of the share price and the regulator view of google. there was a prominent us news programme at the weekend all about google and whether or not you need to rewrite the rules of anti—trust away from consumer harm and to content with the fact that it is effectively a natural monopoly in search and other areas of the internet and the narrative google wa nt to internet and the narrative google want to put out is they are in a very competitive m

sony has agreed to buy a controlling stake in emi music publishing for £1.7 billion as it looks to boost indirectly own about 90% of the firm, with access to some two million songs by artists from queen and carole king to alicia keys and pharrell williams. let's get more on our top story today — the first anniversary of the manchester arena attack. my colleague annita mcveigh is in manchester and joins us now. thank you very much. just over my right shoulder, the west door of the cathedral, where the prime minister, theresa may, has just cathedral, where the prime minister, theresa may, hasjust arrived, and has just theresa may, hasjust arrived, and hasjust gone in theresa may, hasjust arrived, and has just gone in to the cathedral ahead of this national service of commemoration that is taking place to mark the first anniversary of the manchester arena bombing. ialso to mark the first anniversary of the manchester arena bombing. i also saw the mayor of manchester, andy burnham, andi the mayor of manchester, andy burnham, and i can see the dean of the cathedral outside greeting those gues

sony and emi combined own the copyrights of 4.4 million songs, .l, sony becomes one of the largest music publishers in the world. we expect steady income from music publishing, and it will be a key growth area in the long-term. emily: epic games has announced prize money for fortnight. for whathas come out this will look like, but if the previous tournament is a preview of what will come, it will be a serious game changer. opened at the e-sports arena in las vegas. the companys is around the space and others around the world that allow gamers to meet up in what could become a $1.5 billion industry by 2020. we spoke with allied e-sports ceo jed hannegan. fornite -- fortnite has grabbed gamers everywhere. as of march of this year, the research firm super data reported 40 million players worldwide, $223 million in revenue in the month of march alone for every games and what is this phenomenal growth in fortnite. emily: how are these competitions actually working? is that everybody for themselves, teams, working in an arena? jud: absolutely. the beauty

if sony and emi combine, own the copyrights of 4.4 million songs, sony becomes one of the largest musicin the world. we expect steady income from music publishing and it will be a key growth area in the long-term. emily: uber is launching its first taxi hailing pilot program in japan. starting this summer, uber will essentially operate as a taxi dispatcher, connecting local drivers and passengers in a remote island home to 100,000 people. japanese law prohibits uber from operating its own fleet of drivers. you must have a professional license. uber will be facing competition. didi and sony are working on rival taxi hailing services in japan. samsung is building a new technology research center in cambridge, england. it may hire as many as 150 ai experts, bringing the total number of employees at samsung to 400. u.k. prime minister theresa may called it a vote of confidence as a world leader in ai. that does it for this edition of "bloomberg technology." we are in washington tomorrow talking to congressman greg walden, chair of the house energy and commerce committee, and eu ambassador d

they already own almost 40% of emi.y operate the business and have been in talks to buy the library for the past few months. wells fargo says it will boost lending for auto sales again as it seeks to move past recent anddals and controversies polish its public image. an exclusive interview,'s tim aren told bloomberg there some markets that concern him including housing and the bank faces important challenges. be morend to be more conservative than many of our competitors. as you were mentioning, we weren't one of the banks that created some of the concerns that occurred in the industry. there are some markets that were little bit concerned about auto. we pulled back. we have pulled back and up and will be growing the business again. that is your bloomberg business flash. guy: italian assets slumping for the second day as impressed -- as investors expressed their concerns are the spending policies of the populist government. giuseppe khan today was proposed to lead the coalition government. bloomberg's western europe eco

sony and emi combined own the copyrights to 4.4 million songs.h this deal, sony becomes one of the largest music publishers in the world. we expect steady income from music publishing, and it will be a key growth area in the long-term. emily: meantime, e-sports continue to gain traction around the world, and one company wants in on the action. epic games, the company behind the hit game fortnite, has announced $100 million in prize pool money for fortnite competitions in the first year of competitive play. not much detail has come out about what these tournaments may look like, but if last month's tournament in vegas with fortnite mega-streamer ninja is a preview of what is to come, this could be a serious game changer. the event in april was held at the newly-opened esports arena in the luxor resort and casino in las vegas. allied sports is the company behind this space and other arenas around the world that allow gamers to meet up and compete in the hottest new video game tournaments in what could become a $1.5 billion industry by 2020. that's

about two days ago, emi records phoned me up in australia and said, would i like to take a 25—hour flight with 75 journalists? this is 35 years ago, and at that point, no—one had ever really seen david like that. he had this ice—cool image of ziggy stardust, was pretty defined, then you had low, et cetera, he was this ice—cool figure and then let's dance came along and he became more human. before he died in 2016, david was working on a project to commemorate the tour and incorporate many unseen photographs shot by denis 0'regan into a coffeetable book. this is when we left someone's house and we went to the car and david did this for no apparent reason. he will drive the non—existent car — very david bowie. now dennis has expanded the project, ricocheting into five books being sold with three rare photographic prints. he selected the photos, including many candid snaps, from his own collection. these contact sheets printed from the time or later on, david has squiggled on a few of them. 0h, lovely. it's quite odd, really. i love that picture. if david was looking at these now, he would s

about 2—d is ago, emi records phoned me up in australia and said, would i like to take a 25— hour flightears ago, and no one had ever seen david like that. he had this ice cool image of ziggy stardust, he was this ice cool figure and then let's dance came along and he became more human. before he died in 2016, david was working on a project to commemorate the two and incorporates many unseen photographs i'd denis o'regan into a coffeeta ble photographs i'd denis o'regan into a coffeetable book. we left the house and we went to the car and david did this in no apparent region —— reason. he was driving and non— existent car. very david bowie. now dennis has expanded the project, ricocheting into five books being sold with rare photographic prints. including many candid snaps from his own collection. 0h, lovely. it's quite odd, really. if david was looking at these now, he would say, i love that. but these days, we can ta ke i love that. but these days, we can take thousands of photographs, whenever we want to, on our phones. but what makes these prints rare and worth collecting. all of the

. >> reporter: emi was making dinner when that terrible sound let her know earthquake. she says the shaking lasted only about five seconds. >> it wasn't too bad. i think it was more the sound that was kind of jarring than the actual shaking itself. >> reporter: the usgs says it was on the northern part of the hayward fault, epicenter just east of oakland. people felt it across the bay area. >> about 15, 20 miles or so. there are reports out about 60, 80 miles out. >> reporter: not a big quake but memorable for savannah nelson, visiting from illinois. >> just heard a loud shake. it lasted maybe five seconds. it was super loud. i've never been through an earthquake before, so i had no idea. i thought a loud truck was going by. >> reporter: next door, the weiss sisters knew what to do. >> we felt the earthquake, and then a few things dropped. and it sounded like a loud boom. so we went into our desk, and then we went under it. we got a blanket from up in my bed. >> we have our getaway bag. we have our -- you know, if we get stuck at home bag. so we're feeling mildly prepar

emi. of sony making this move as a new ceo, a huge acquisition. this gives them content, intellectual property for long-term growth. that's what they're saying and that's what they're going with. you can see the stock is to the downside is today, but it'll give them over two million songs including the beatles, your favorite! over the rainbow, pharrell williams. back to you. stuart: it wasn't just the beatles, it was bob dylan as well, michael jackson in there too, emi, marvin gaye, let's not forget. thank you very much, nicole. you got the beatles in there, well done. >>> hawaii, we have new pictures of the eruption on the big island, and the pictures come from the international space station. ash, take us through it, please. >> yeah, this is day 19 now since the eruption. we have the pictures of -- there you go. stuart: that's it. >> i mean, that says it all. you can see it from space. as i say, 19 days and counting. the fear now is that the lava is moving towards a geothermal plot on th

one of those indicating to watch for the housing market >>> sony is buying a controlling stake in emiusic for 2$2.3 billion. the doeal gives sony access to 2 million songs from the likes of queen, fpharrell williams and other big artists. >>> two pieces of news on adobe. the company announcing an $8 billion stock buyback program. separately adobe is buying e-commerce firm magento for 1$17 billion. it's a cloud-based e-commerce service company used by kormratikor corporations like coca-cola. >>> check out shares of spotify. the e-commerce platform slipping on that adobe dell news. shopify, rather. shopify shares off 2.25% in extended trading >>> micron increasing its third quarter guidance the chipmaker says optimism is thanks to a healthy semiconductor industry they announced a $10 billion share repurchase program shares of pure storage dropping despite decemberer than expected earnings the stock soared 50% this year nordson under pressure after posting a weaker than expected third quarter outlook. that stock is down 6%. >>> we're just getting started on "worldwide exchange." call it

sony paying $2.6 billion to emi to become the world's largest music publisher.own the rights for artists like kanye west, kim kardashian's husband and alicia keys. combined with the rights of michael jackson, and david bowie, sony will own 19% of the stock. this has got to be a first. american automakers telling team trump no, thank you. to the administration's offer and promise to roll back emissions standards that president obama had put into place. the shocking reason why. we're going to take that up with california treasurer john chiang. he's running for governor as well. he's also got some strong opinions about california-based wells fargo. he's joining us exclusively next on "countdown." don't go away. brighthouse financial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. ♪ with expedia you could book a flight, hotel, car and activity all in one place.

the division that is currently working at the island with the navy is tetra tech emi. they work primarily in an administrative role where they're preparing studies, work plans, and keeping meeting minutes for the navy's restoration advisory board minutes and circulating documents to dtsc, et cetera for review. tetra tech ec is the division that was involved with the problems at hunters point. in conversations with the navy and dtsc that provide oversight to the navy's work, that seems to be isolated to a group of individuals within that were working on the hunters point project, although tetra tech ec has done work on the island in the past, in the reviewing that work, and the way the samples were handling, neither dtsc nor the navy feels there is any evidence of a problem on treasure island. so at this point there is no reason to delay the transfer. one of the things that is standard practice to have either split samples or confirmation samples taken at the same time, and we're talking about radiological work, to either have split samples or confirmation samples that

sony had a deal 2.3 billion for emi and the nyse gets first female leader, stacy cunningham, chief operating officer is the current title and she'll be moving to the top spot. back to you. liz: great to see you, nicole. china trade talks in the works. some say president trump is trying to make china great again why. they are flat-out wrong? >>> look at this, democrats chuck schumer and nancy pelosi desperate to win back control of congress. how are they going to do it? stealing a line from president trump saying they're the guys that are going to drain the swamp. why they are the ones who are wrong. that's coming up. >> the swamp has never been more foul and more feted than under this president. >> instead of delivering his promise to drain the swamp, president trump has become the swamp. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you

a few nights later, emy called r father ric >> the words were sayi one thing.ce was telling me something different. >> what was the voice telling you? >> she was scared. there was something wrong. >> they hung up around 6:00 p.m. two hours later, emily would be dead. >> i will never forget that phone call. because that was the last time i heard her voice. >> for investigator schnitker, a new picture was emerging. a marriage in shambles. a husband pushed to the edge. maybe this wasn't an accident or suicide. maybe it was murder. it seems hard to believe that alex would kill his wife, and his kids are just a couple of rooms away. >> but that's -- if you're thinking that, this is well thought out. you know, oftentimes couples get in arguments and they escalate and somebody dies. >> you had seen your wife endanger her life. you weren't angry at your wife's inability to kick her habit? >> no. i was disappointed in her. i was disappointed that this happened. but angry, no. i was never angry with emily. >> but emily's family and friends say they were angry at alex. th

. >> schifrin: garrett graff there are a lot of aspects to emis investigation. does robert muelleace the kind of unwieldily notion of this investigation, or did he expect something much more narrow? >> well, i think what we do see, as matt said, is all of this falls pretty clearly under oned big umbrella hat mueller is being pretty careful trying to keepe evrything under the umbrella. lear isid, what is there are a number of different arms to have the investigation or sort of aspects of the probe. you have information influence operations. you have active cyber penetrations. u have money laundering and you have these suspicious russian campaign wentacts as as, of course, the big one that we're all wondering about which is the president's obstruction of justice. >> schifrin: soma olsen, let's go through each of those individually. as you've said, there's a specific language mueller was given which is investigate any linkof coordination betwee president trump and the russian effort to influence the ysection. the president his is a witch hunt and there's no "collus

and th h had bn tataki it ouou on theeoeople,ut t thehad never se t the emy.. they'd bn n in cntry, as sa, in vieam for tee or four mths witht t everavingg a t piece war. that's jt t the y it is guerrillwawarfarhichch iwhy wewe shouldn'dodo it,ut t thas another sty.y. d they went in tt mornin ready to kill and kililleon half of america,o o thei cred.. they landed. therwere jusnothing t won and chdren doi the usl, as yosaid in ur intr cooking warming up rice , for breakfasta t they gan n to put themn n ditcs anand art executing th.. calley'somompanylleyey h a platoon. there we t threelatotoonthat went in. theyououndedp pepeop and p p themn a a dih. thother companies st went alg, didn'gather pple, ju went fr house thouse and kikied and red and mumutited, andad jususwent on til everybody waeither r away okilled. 400 d some-o people that llage ale, of th500 or 6 pele who led therewere mumurder t that y, a ally noonon 1:.. at one pntnt, onhelilicoer pilot, a wonrful manamed thpson, sawhat wasoing on and tually lded hi helicoer. he w a smallombathadwo gunners. he jus

piers: the fact that european emi's have been rolling over -- pmi's have been rolling over.by germany. german exports led that will rally and they rolled over it albeit, rolled over at high levels. i think there is a healthy combing -- healthy calming. there is an expert tatian to reduce or normalize rates. -- there is an expectation to reduce qe or normalize rates. people take stock of some of the challenges. long bond yields starting to rise in the cost of capital starting to rise. are there issues within europe that we haven't fully appreciated? they will come up over the summer. we'll have more work over the summer. as we see rates go higher globally, european corporates assess their health and balance sheet strength. we have come through qe with incredibly low interest rates. how can european corporates koke with just -- cope with that? piers: that is a good question and one we have been concerned about. it is been very cheap, european corporates, credit and entire equity. the concern has been the lack of actual investment innovation. it has been a refinancing game. i t

their purchase of emi talks about their continue -- rishaad: generally speaking, not just about sony.ut what else you like. ng, other things that are perhaps undervalued. seth: a large amount of ip they have not done a good job of capitalizing on. sony is trying to do that right now. ofpanies that own a lot content they are working on unlocking. gaming companies have enormous libraries that they are only beginning to unlock. even mobile apps have not yet done that. a lot of companies are undervalued because they are not yet unlocked with their value is. that has been an issue for management. we spend a lot of time in japan trying to get management to focus on that. the governance story for japan improved markedly or is it a hard slog? seth: when you look at it in the course of the last five years there is an enormous amount of positive changes. yes, two steps forward and one step back. almost every company in japan has two outside directors. next year they want a minimum third. focuseds are a lot more on net income and net income is going up. started implementing equity stock particip

trump: so to the naval , i emy of the class of 2018 say a number of things.umber one, i say that i was given an option. i could make this commencement address, which is a great honor for me, and immediately leave and wave goodbye or i could stay and shake hands with just the p 100, or i could stay for 1,100and shake hands with and something. what should i do? hat should i do? i will stay. i will stay. [applause] i will stay. but to the class of 2018, i do say strive for excellence. live for adventure. think big, dream bigger. push further, sail faster, fly higher, and never, ever stop reaching for greatness. never stop reaching for the stars. ou know you're up to the task. you're among the finest people anywhere in the world. the smartest, the strongest. you know you will make us proud. we know that glory will be yours because you are winners. you are warriors. you are fighters. you are champions, and you will lead us only to victory. good luck. may god be with you. god bless america. and anchors away. [applause] pres. trump: thank you. thank you. [applause]

we had some softer emi out of europe. of the lossinding do we continue to see? the yields down about one basis point in the u.s. crude getting a nice used. -- boost. david: time for the bloomberg first take. trade intart with china. we had the discussions. the chinese agency said the two both sides had a thorough , protection ofws intellectual property rights, as well as tariffs. what does steve mnuchin have to say? we are having very good conversation. [laughter] did anything come out of this? >> nothing came out of this, and the expectations were low. we might actually already be in a trade war, and these negotiations are not producing any progress to get us back from that. china is already turning away ships full of our sorghum. drop,e seen soybean oils and we are seeing the chinese step up their inspection of the ships making it into point -- port. the u.s. delegation is back on its plane, coming home with nothing to show. david: if we are already in a soft trade war, is it showing up in the economy? carl: we saw some evidence of this in some of the trade st

. >> sony is buying a controlling stake in emi. it means that sony's music catalog will have about 2 million songs. when the opening bell rang this morning, sony stock dropped a little bit. kohl's and t.j. maxx report earnings today. so we will be looking that. china says it is cutting the tariffs on autos and parts. do you jones down a bit just slightly. and the nasdaq and s&p 500 are holding on to a bit of a gain this morning. >>> the next new york stock exchange president though is making history. stacy cunningham will be the first woman to serve as president of the exchange. she has been the exchange's chief operating officer for nearly three years. she has managed several of the company's markets but she started at the exchange as an intern back in 1994. she takes over the top job on friday. so we expect that she will perhaps be ringing that opening bell on friday. >>> this year's fortune 500 list is out. and for the sixth year in a row, wal-mart took the top spot. last year it became the first company to net $500 billion in a

the greater you bring that risk, particularly on the softer like emi, soft data, like pmi.ta, we have seen tillerson the market, in particular for risk assets. haidi: lots more to talk about. will be speaking with the asian trade center. up -- deadly is coming bill dudley is coming up. this is bloomberg. ♪ david: bill dudley says he is optimistic about u.s. growth while adding it is too early to make the call on a victory on inflation. dudley welcomed the return of market volatility. >> i don't think the federal reserve cares about financial markets per se. we care about two goals, sustainable unemployment and the context of price stability. the financial markets are not completely irrelevant. but our goal is not a given level of stock market or volatility of financial markets. i am happy that volatility in financial markets ticked up a little bit. the low period of volatility we had the last three years was potentially dangerous because people were hitting confident that the markets had little risk. the fact that we have had a little bit of an upturn in hastility this year and shaken

sony buys the majority of emi music publishing that it does billion.for $2 it gives sony a catalog ofgs from beyonce to carol king, solidifying its position as the biggest music publisher. it is part of the chief executive's plan to pivot from hardware into a new growth plan builds on content and services. is our asia technology reporter in tokyo. first of all, what does this deal signal about where sony wants to go, what sony wants to be? >> sony is really changing quite quickly. it really wants to become more like disney, wants to own a lot of content and intellectual property. it wants to make entertainment the center of its business. as it focuses on that, it is moving away from hardware, stuff like we know sony to make tb's, smart -- tv's, smartphones. they make really good digital cameras. it is moving away from all of those things that it sees as lower margin and cutting back on the hardware side, a lot of the gadgets that made them famous, and they are embracing the content, services, recurring subscriptions revenues and things like that for online gaming. it is more about the

. >> figuras para nosotros los emi aquÍ en la casa y no que que nada le pase cÓmo hacemos para?? >> la comida. >> creo que tambiÉn la comida. >> las cosquillas cuando estoy en enferma. >> su amor y cariÑo. >> tÚ vives con tu mamÁ? >> sÍ, ¿cuÁntos aÑos tienes. >> 31. >> es hora de irse de la casa de la mamÁ. >> y cuando no estas con la maÁa quÉ es lo que mÁs extraÑas? >> tu abrazos cariÑos. >> amabas y sentir cualquier cosa que harÍa yo que ella me apoyarÍa. >> pero bueno, no siempre extraÑamos a mamÁ y cuando salen mucho tiempo con su mamÁ que es algo que dices tu mamÁ por favor. >> para donde vas recuerda no llegar tan tarde, pero bueno. >> ella me conoce tan bien cuando me dice cosas que son verdaderas me molestan tanto. >> hablabas con personas que no sepan quienes. >> lo que nos dicen cuando estÁbamos pequeÑas. >> despuÉs de una semana estamos peleando pero igual si la extraÑo mucho. >> serÁ que juan daniel y de noelia tambiÉn tienen mami tis. >> lo que mÁs extraÑo que mi mamÁ cuando no esta cerca es su cariÑo porque como tenemos una buena relaciÓn es diferente. >> lo que mÁ

board, americans students and parents and teachers deserve better emi look forward to the secretary's testimony today and having a chance to discuss these issues which are vital donation's future and thank you, madam chair, and i yield back. >> thank you, mr. scott. pursuant to committee rules, 7c, all members will be permitted to submit written statements to be includes in the permanent hearing record without objection the hearing record will remain open for 14 days to allow such statements and other extraneous material reverend during the hearing to be submitted for the official hearing record. now, my pleasure to briefly introduce our distinguished witness, the orable betsy devos, the secretary for the u.s. department of education, again, secretary, welcome. i ask you to raise your right hand. do you -- let the record reflect secretary devos answered in the affirmative. before i recognize you to provide your testimony, let me briefly remind you of our lighting system. we typically allow five minutes for each witness to present. although i'll be somewhat flexible with your testimony

sony is buying a controlling stake in emi music the deal gives sony access to 2 million songs from the likes of queen, pharrell williams and other big artists. it makes it the world's biggest music publisher. >>> two pieces of news on adobe. the company announcing an $8 billion stock buyback program. separately adobe is buying e-commerce firm magento for $1.7 billion. it's a cloud-based e-commerce service company used by corporations like coca-cola, warner brothers music and canon. >> our writers get bored sometimes. >> and check out shares of shopify. the e-commerce platform slipping on that adobe deal news. shopify down 2.25% >> let's get to eamon javers in d.c. i think his hair is in place >> at least you can fix the things about you i'm stuck. >> yeah. bhafrnlgts wi >> what will i do? i need an injection or something. >> eamon, help us. >> don't show that close up of me they just showed of you i'm not ready for that >> remember that one time you had that mohawk? >> yes that's when the breeze comes the other way. the hair does a pyramid thing. >> i tried to help you, too. >> you tri

the company taking control at emi to the tune of $2.3 billion.talogue of 2 million songs from artists you know that condi was and sam smith. seeking to take advantage of streaming music services like spot of five and apple music which is filled a recovery in the industry. sony is up 8% for the year. and then there's this. prince harry in meghan markle will attend her first royal engagement as a married couple today. the brand-new duke and duchess would take part in the celebration of prince charles of wales birthday. these are the official wedding photos that we finally got to take a look at. and there's one where they are honoring harry's mother with the photo. heading out for a photograph of the same green couch for prince harry's christening back in 1984. breaking news, maria. i finally watched the royal wedding yesterday thanks to my dvr. and i agree with everything dagen said. everything she said she's right. the dress, the hair, we had a chat about it. maria: do want to tell us more? dagen: you can only be so mean. >> why do you have to be