i'm erik schatzker. >> i am stephanie ruhle. $1000 for a man's haircut? >> crazy. >> guess what, it is your head. a guy does not have the opportunity with makeup, hearings, heels. well, he could, actually. >> some do. >> on that note, i will do this to myself. top business stories from around the world. sayutives at general motors an internal review of a car recall will be good news for ceo mary barra. it is believed to the investigation will clear her of any wrongdoing. the report is expected to name those responsible for a delayed recall blamed for at least 13 deaths. one of japan's biggest insurers is expanding into the u.s. dai-ichi will buy provident life for $5 billion. and the new adp employment figure came in a little light. adp says private employers adding 179,000 jobs last month. we get the government jobs report on friday. >> i was waiting for adp, so now i have to do some recalculation. >> 211, that is my number. i will not be here on friday. i may call in for you. >> president obama has arr

we will show you the big business of soccer. ♪ i am erik schatzker. been a big name in hollywood since he wrote and starred in swingers. he is the writer and director of yuriko --, "chef he spent some time at the wall street firm bear stearns. that has been swallowed by jpmorgan. jon erlichman sat down with the actor. what does john favreau have to say about his time on the street? >> it is a great story. he has a lot of storage because of his career in hollywood. this predates his hollywood career -- career. he spent some time at bear stearns. he was there during the transition from a downtown-based firm to the location they moved to on park. he was focused on derivatives or fixed income. here is his explanation of what he was doing. >> i was facilities planning. i was not running around with my yellow tie yelling by buy, sell sell. if your air conditioner wasn't working i would come over and tell everybody it is going to get fixed immediately. >> i will say that he was there for the 87 crash. he said it was weird to be on the set of the wolf of wall

i'm erik schatzker.tephanie is on assignment today. top business the stories around the world. in is selling 81% stake outdoor america, the billboard company. cbs split off from the parent company this year and plans to convert it to a real estate trust. airbus has had its biggest order camp -- cancellation ever. price for that order, $16 billion. emirates is one of the biggest customers for the boeing 737. a new bloomberg national poll, 62% of those we surveyed said they would pay more for energy if it means less pollution. and more with support a candidate who is willing to address the issue. u.s. stocks are in the middle of theve year bull market, to surprise of many investors who were certain that this would be the year that interest rates rose. the bond market, or many parts of it, are performing even better than a quit ease. i am delighted to bring in bonnie, the director of reddit at her company. let's talk about this phenomenon. this was supposed to be the year that the credit market backed out a

i am erik schatzker along with stephanie ruhle.ould college players be paid for the use of their names and images in broadcast and also in videogames? the case pits the in the aa again say group of former players. -- the case pits the ncaa former a group of players. andrew, what we begin by putting this into perspective because this is not the only case pitting college players or people who represent them against the ncaa. this is referred to as the open in k's, but there are a couple of others. describe the landscape for us. quite a landscape. there is a triumvirate, a triplet of cases against the in the aa that could really change the whole status quo that college sports is right now. there is this case, the open in o'bannon case. gaining the and benefits against the ncaa, and there is a third case learned by attorney jeffrey kessler who has led the nba players, sports athletes for many years, trying to get more sports conversation and trying to arrange a free market for college football and basketball layers, similar to this o'b

erik schatzker will be here with us shortly. before we take you to mid town manhattan, we have to take you out to the newsroom with some breaking economic eta. here is michael mckee. >> hold onto your hat. we have a holy cow number out. the expectation was for a small increase, new home sales go up 18 .6%. this is in the month of may. this puts us at a 500-4000 annual sales pace. billed as a been telling us that they have been growing more confident about people coming into the market. this seems to support that view. much of the increase in the northeast and in the south, we saw it increase all across the nation. housing seems to be back after the big increase in existing home sales. these numbers will increase the amount of supply out there. the number of homes for sale is not changing. consumer confidence is up. there is a chance of those things go together. from 83er goes to 85.2 even. to 82.2.vised down that is three points and a better-than-expected. some really good economic news to start your show, stephanie. that while,

good morning, i'm erik schatzker. >> i'm stephanie ruhle. i have been out of the loop.t is time for me to get to the news, i have to get up to speed. i love talking 7.7t the story, they spent billion dollars to buy the maker of jimmy dean sausages and ballpark hotdogs. it is another move by tyson to expand into high-margin branded show -- packaged foods. merck will officially by the pharmaceutical company for nearly $4 billion. the valuation is three times higher than its current price on friday. they are working on a new treatment for hepatitis c. and craft raise the prices of coffee products. the increase was about 10%, citing gains in the green coffee market. the price of coffee has surged more than 55% this year, as brazil's worst drought in five decades throws losses on the coffee crop. >> don't believe every story you hear about how bad businesses on wall street. down, it is hard to generate a handsome return. but investment inking is on time -- banking is on fire. welcome back, it is been a while since we saw you. >> it is good to see you. [laughter] >> how long

i am erik schatzker and this is stephanie ruhle.cal compound that has saved soldiers could be in for smartphone, we are talking about kevlar. who createdtist kevlar died last week, she was 90 years old. in 1965, a dupont chemist was looking for a fiver to replace steel in belted tires. aat she came up with is synthetic fiber credited with saving lives. kevlar is five times stronger than steel. bylar could repel bullets dissipating energy through the fabric. police were970's, using kevlar and bullet-proof vest. in the days before stephanie kwolek died, the one million kevlar vest was sold. the u.s. military replaced its 40-year-old steel helmet with a kevlar one in the 1980's. now it is the standard around the world. play of civilian uses, it is used to make skis and tennis rackets. even in smartphones and sneakers. stephanie kwolek said she never thought her discovery would turn out to be a lifesaver. she admitted she took pride in watching tv reports of soldiers wearing kevlar body armor and saying we invented that. >> one of the m

erik schatzker spoke with the fbi assistant director about that.e is a portion of his exclusive interview. >> we see a number of examples in washington about the use of political intelligence. how dangerous is the practice of political intelligence, in your mind? >> it is an area of concern. to say it is dangerous? it is an area we are looking at. area, isn't it? >> it is an area where influences being -- >> pedaled? >> it could eat, it could not be. it is an area where there is potential there for that to happen. >> potential for what, though? >> for insider information. certainly laws that are passed could affect businesses. that could be great information for someone to have an information to invest in a certain company that may benefit from those laws. that is just another gray area potential for having fraud involved in. to say, when it comes to white-collar criminals, they are creative. they are always at the edge. then is --question who is cooperating with them? >> that is our job to find out. >> will be see a lawmaker go to jail? >> i could

it is nice to see you. >> it is great to see you, erik schatzker. i want to say that i have missed you, but it has been an extraordinary week in if you have not heard of this, you're going to. this is the conference that brings together technology, media, and advertising. at a time when digital and innovation, you know i hate saying it, this is the time when our these need to figure the right way to reach the consumers and consumers have more control over what they want to buy and how they buy it. the changes that time is bringing is pretty extraordinary. it take a quick look. >> we took that away. we said this is not working for the business side of the equation. people are more excited about. we are not asking ourselves the question of where violating church and state. we are asking if we are violating our trust with our consumers. we are never going to do that. >> i also talked to jonah parenti. he says he knows how to go viral. announcements of his coo leaving to go to the daily mail. >> there is an intense amount of interest in what we're doing

in for stephanie ruhle, alex -- erik schatzker is in aspen.l entrepreneur and tech investor, he has been called the start of whisper of silicon valley. he has had his hand in so many technologies and successful companies. emily chang sat down with him to hear the story behind the silicon valley legend in her new series, studio 1.0. what was the biggest take away? >> of glad i am here to keep you company today, since you are all alone in new york. reid hoffman is one of the most decorated people in technology, which says a lot. , heearly on a pal founder went on to found linkedin, one of the earliest personal investors in facebook, now working at greylock, investing in dozens of companies -- she is now an offer -- and author of two books. the goal of the studio is to find out who these people you -- who these people are unaware they are going. we don't get their back stories on "number bwest." one of the interesting parts of the conversation had to do with paypal. take a listen to what he had to say about what made the paypal mafia so special.

i am erik schatzker. >> i am alix steel. stephanie ruhle is on assignment.cy tradesman -- underh-frequency trading the microscope in d.c. megan hughes has been at the hearing. let our lawmakers saying, what are they indicating with questions and comments? said, theyple have welcomed the attention congress is bringing to the issue but they are concerned congress would act here. more law is not necessarily the right approach to fixing the problems treated by hft. members of congress also back what we are seeing, the actions from the ftc. what arerket rigged, members of congress proposing to do? heard some hens. he wouldlevin saying be on board, some kind of pilot program that would do away with rebates brokers currently receive. with lawmakers, you have a lot of opposing viewpoints. we heard from senator johnson, he says he is wary of any government intervention. i am concerned about is creating a sinister atmosphere. words like "dark pool" and "conflict of interest." we are talking about $.30 or trade, miniscule amounts. >> we heard from a researcher that sai

i am erik schatzker.i am alix steel, filling in for stephanie ruhle. >> here is the question, what is the most valuable bank in the world? would you have guessed this is far from wall street? this is wells fargo, with a market cap of $275 billion, a few billion shy of the record set by citigroup in 2001. you may wonder, what is behind the success of the san francisco bank? joining us is -- who spent years at citigroup and citibank, he is known as the banker to the world. >> it is good to be here with you. >> what is it about wells fargo? i will also add another bank to the mix, that has industrial so excited, relative to the level of excitement that they show for the likes of j.p. morgan and citigroup and bank of america jamar >> they had been a good job in building the consumer dick gets a lot of credit because emerged wells fargo and believes that the heart and soul of banking is consumer banking and may have done extremely well, basic blocking and tackling and doing what you sort of know how to do. >>

i am erik schatzker. >> i am stepping in today for stephanie ruhle. see the resemblance? time now for the new speed. top business stories or around the world. twitter. at cfoame to the company as and moved to coo in 2012. retail sales rose .3% of a percent in may, less than forecast. still on the upside. revised figures show april sales were much larger than first report. is co-coo of bnp paribas stepping down in the midst of the investigation. he will leave at his own request. askedp bank regulator that he be dismissed. authorities want bnp paribas to pay as much as $10 billion to settle claims of illegal dealings with iraq and sudan. big implication overseas. this could affect oil prices around the globe. al qaeda has seized control of the second largest city in moving closer to baghdad i the day. here is how this is playing out in the oil markets. you can see the response. in a moment you will hear from an investor who remains bullish. first, hans nichols brings us up to speed on what is happening. the latest is u.s. warplanes made from northern iraq. that gives you an

i am erik schatzker. who is this guy? he is not stephanie ruhle. he is mark yusko.anie is on assignment. -- it is great to have you here. he is my guest host for the hour. we are going back to washington. opening statements are underway for general panel motors. they are asking about the failure to recall cars with faulty ignition switches. matt miller is there. ofy barra is in the midst her opening statement. the lawmakers have had an opportunity to make their statements. what did they tell you about the mood inside this room? >> they do not seem to be as angry as they were last time. they are interested in political showmanship. if you came to this hearing hoping it was just an inquiry, focused on getting answers, then you would be mistaken. it is definitely about the pr that the congress can get themselves. diana brought back her prop of the ignition switch and held it up to the cameras. it does not add anything or help us learn anything more. it is just about her making a pressent, maybe making a appearance for her reelection next time, i guess area on the other

erik schatzker got a firsthand look at the countries lack of preparedness. >> let's say you are goinglt for the world cup. here is what you will see as soon as you step off the plane. expect some traffic on your way to the game. and when you finally get there, a hardhat might come in handy. the $365 million stadium in sÃo paulo. it has been a scramble to get it finished in time for the opening kickoff on june 12. with just weeks to go, entire sections still had no seats and much of the roof was not installed. outside, this was supposed to be a huge parking lot, designed to hold dozens of buses. the inaugural match in may was paved -- barely able to accommodate a half sized trout. now imagine what will happen when they try to pack in twice as many people. it could be a security nightmare. challenges of stadiums -- the parking around the stadiums, the uncertainty of where it is we will be able to uphillot go, it is an battle for all of us who have a responsibility of protecting these folks. is the biggestp sporting event on the planet. so, why is brazil not ready? >> everybody knows tha

with erik schatzker and stephanie ruhle. again.o once i'm erik schatzker.s on assignment today. at&t has teamed up with the online education company udacity to offer a new kind of degree program. it is all about entry-level software skills. degree says its new nano will be offered online and cost about $200 per month. the payoff, a paid internship at at&t. west" anchor is in san francisco. she joins us now. >> thanks. joining me now is the cofounder and ceo of udacity, also a founder of google x projects like google glass and the self driving car. what is a nano degree? how is this partnership going to work? >> a nano degree is a very short degree, a very focused, directly meant to endow you with the skills to find a job. we are super excited to work with at&t. at&t as our initial partner here. they are helping us build these degrees. they are putting employment on the table. they're your marking 100 internships for the top performers in this program. >> who can get into this program? >> anybody who wants to do this. you have to be good in math and so on. j

erik schatzker just got back from brazil.ep readings, we about stadiums not being ready and it was not being built. is it really that bad? >> let's be clear, i'm ready. but the country for which this jacket stands, brazil to molest there be any doub -- brazil, , is not.e be any doubt the lack of preparedness extends all the way from the stadiums, shockingly -- brazil won the right in 2007 and here we are in 2014 and stadiums aren't ready. only 3 are on time. all the way from the stadiums to any manner of infrastructure, whether it be the roads, the rail systems, the bus lines, the airports, importantly. brazil expects 600,000 foreigners. >> it really is as bad as they headlines, the editorials, the pictures, etc., would suggest? >> we spend numeral 90's in brazil taking a first-hand look at the stadium, infrastructure rio, and we found this is high -- >> you are a braver soul than i am. >> terrifying. >> you land on the ground and there is going to be 47,000 people there, whatever the number is. is brazil ready for all those

i am stephanie ruhle with erik schatzker.arl icahn revealed a stake and said he wants the retailer to merge with dollar general store. adopted a poison pill defense. we want to ring in julie hyman who has been following this. he knows where to get it. there is one year now. that is how long this lasts. there can be no hostile takeover. no one shareholder can garner stakes of more than 10%. you can't build up a more sizable stake than what he has right now. he can put pressure on the board to make changes. broker ay to foster or friendly deal between family dollar and its competitors. >> what about family dollar? where do they go from here? >> they have talked about making changes at the company. >> if you are a dollar store, where can you go? >> they are not literally a dollar store. there are some stores that are literally dollar stools and it just denotes cheap basically. higher than are those at walmart and dollar general. they have talked about cutting the prices more. they are also closing 370 underperforming stores. the

is market makers with erik schatzker and stephanie ruhle. >> welcome back.alk cars. go when suddenly, there was a mary barra interview this coincidentally, there was a mary barra interview this morning with matt lauer. clearly, people within this company new at separate times and in different locations that there was a problem with these ignitions. and yet, the company was slow to deal with it. is that because there was a cover-up? >> i don't think there was a cover-up. i think people had bits and pieces of information but did not come forward with a sense of urgency. here to talk with us is the lead auto analyst for morgan stanley. i read your notes every night and every morning like a stalker. their are more recalls today. the cruise, coincidently, the new cobalt, but there are serious issues. fromstopped dealers selling them. >> gm is trying to make the most of a good crisis. you have a new management team. they are trying to take every addressity not just to the safety, but to make the cars more durable long-term. >> they are taking a kitchen sink approa

erik schatzker will be seeking with robin rice, right here at the bottom of the hour.e will be right back. ♪ television is "on the markets." julie, we have a wrapup on the last day of the or staff of the year? >> it is the sixth straight order of gains for u.s. stocks, we will talk about more about that in half an hour. today's session off the highs, such as they are, new home sales with manufacturing data missing estimates. in terms of individual stocks, devin energy is one of them. selling nearly 900,000 acres of oil and natural gas producing land for $2.3 billion. 80% of the land being sold as natural gas. we are also looking at the resortcompany with its outside new york city, new york is issuing a total of four licenses after approving las vegas style casino's last november. it will be interesting to see who wins the licenses. back in 30 minutes, more " online" is next. ♪ >> welcome back to the second half-hour of "autumn line." i am mark crumpton in new york. victims of accidents linked to the gm faulty ignition switches finally got some answers today on how the

. >> live from bloomberg headquarters in new york, this is market makers with erik schatzker and stephanie ruhle. >> digital wars. companies and consumers all worried about protecting their information online and the debate about the right approach to the internet. making the main food -- making it a main course on social media. we will talk about the buzz on bacon. >> and a new feature to make moment todate a remember. welcome to market makers. i am alix steel in for stephanie ruhle. >> these are the top business stories from around the world. tech company ceos have signed a letter asking the senate to muscle the national security agency. the open letter published in today's new york times and washington post. facebook, google and apple ceo's are among those asking for the move. the european central bank cut deposit rates to below zero this morning to -.1%. a majorthe first time bank has used a negative rate and it is designed to counter inflation in the euro zone. alibaba is getting into the game. announced today it is going to buy a stake in the club that one last year's asia grant. mar

erik schatzker went to brazil and shows up -- shows us. ♪ ♪ ♪ ♪ >> he looks like he is enjoying it.having with amazon and the new phone the company is set to release today. it is bad for customers. we will give you details on why. plus, stock, he'll again. .he ceo on the latest round she will answer questions and what to fix the problem. ♪ she will answer questions and >> louis dreyfus spoke with charlie rose. collects -- >> you are selling yourself, in a sense. you are selling a brand. you are selling an image of yourself. we are talking to it -- suffer fromo do not the stereotype very >> you're looking at one of them. >> those are her comparisons there you can watch all of these interviews tonight right here on bloomberg television. getting into the smartphone business, amazon there is according to a person familiar with the matter, they will be the exclusive carrier. when after -- when apple came out the iphone, at&t was also the only domestic carrier with a first new year's. that is t-mobile, it's ceo john ledger is not a fan of x lucidity. he took to twitter saying, customersy

i'm erik schatzker. >> i'm alix steel in for stephanie. i'm dreading the

. >> erik schatzker joins us now with much more on security. you see what the army has done to prepare. a dispute over one particular call by the ref. outside the stadium it was expected -- there were demonstrations in as many as 10 brazilian cities. mistreatedo able to 500 to 1000 people. police used tear gas, rubber ,ullets, percussion grenades these are meant to back people away from certain areas. it was are ready getting violent. getting violent. you have the appearance of the black bloc. force requires people to be somewhat organized. bloc isess the black the big threat. this could turn a peaceful it to menstruation -- peaceful demonstration to something more chaotic. not where you typical brazilian would do. as the army and police explain themselves may find in a situation where there are several thousand, maybe even tens of thousands of protesters staging a peaceful demonstration. , startsk blocs shows up to bite thing on fire best to light things on fire, and it gets out of control. out is what the army is most afraid of. a year ago yo

erik schatzker will give us reports from the week. lucky guy.he world cup is having a big influence on madison avenue. participation at much higher than it was in 2010. many blue-chip marketers are seeing this as a premier opportunity to advertise like the 11th or super bowl. joined by mike dolan, the former ceo of img world. are the advertisers this year so excited about the world cup? >> we were talking about these events. if anything, the u.s. has lagged behind the world cup. had the nfl and nba and baseball and a lot of other opportunities for people to enjoy sports. the rest of the world has been their version of football. these are the other 4.5 billion people. -- this has universal appeal around the world. north america is just starting to catch up. >> why do you think that is? of young kids in this country over the past 20 to 30 years. they have been exposed in school to the game of soccer. they play a middle school. outlet onnot had an the professional level to continue their interest in the sport. bit about thettle last time when i was

i'm erik schatzker.

. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker in stephanie go time for apple. thousands have gathered in san francisco for the developers conference. we will see what surprises tim cook has in store. >> the obama administration has cuts to greenhouse gases that are good for your health. say get readys for higher electricity prices and a lot more. bypassesent obama congress on afghanistan. i'm stephanie ruhle. >> welcome back to "market makers." apple shares have been soaring in recent weeks. this is in anticipation of the iphone 6. stock is up 12% year to date. big news onng for apple's fitness app and a home automation platform. and emily chang are on location in san francisco. why do we start with cory. p. hear this acronym wwd that doesn't mean a lot to most people. what happens question mark why is it so important? >> one letter is important. it is the d. it is a developer conference. it is all about development. developers that develop a lot of platforms. nextll show us what the version of ios might look like. behind this you see thousan

coverage of the world cup and show you how global business uses the stock pitch.ses a soccer erik schatzkerill bring us reports throughout the week as the world makes its way down the road to real. that is your latin american report for this friday. walmart is holding its annual meeting in arkansas and the world's biggest retailer is struggling. there are questions over corporate governance. outside at the university of arkansas. walk us through what you witnessed so far today. forhe annual meeting shareholders and employees happened today in fayetteville at the university of arkansas. that has now died down. shareholderlso some proposals that did not end up going through, including appointing an independent chairman. he is of course a member of the walton family. owners. long-time that is what we witnessed this morning. from a very interesting westion and answer session also heard from doug macmillan. he spoke to the media briefly. of what he really has been painting it is a picture of a transformed walmart. retail has gone from being a -- to more of where customers are being treated in a

market makers anker erik schatzker traveled to brazil to look at the true costs of the world cup as we our special series, the road to rio. brazil is one unhappy country. for months, people have been taking to the streets in protest. some of them loud. they want education, health care, housing. what they don't want is the world cup. schools or have good good hospitals. people are complaining about the salaries. fear.e lots of it's a waste of money. lots of money. brazil is the industrial and agricultural heart of south america. capita tripled from 2004-2012. yet, brazil still ranks 85th on th you when possible and development index. even some of the cities hosting the world cup -- i invest in manaus. i did not want the arena. i wanted to use the stadium that already existed. >> it is a jungle city on the banks of the amazon. much civilization between. there are more seats in the arena than there are in fenway park. , thishe world cup is over could be a white elephant. arena must be sold after the world cup. somee to sell it to entrepreneur. i try to bring that money back. socially, goo

erik schatzker was embedded with one of the top private security firms in brazil and he gives you anlook at the price of personal protection as we continue our special series, the road to rio. >> here in brazil, there's no valuing human life. gun you down if you resist and the lease. with no remorse, they will do it smiling. macthe president of afi latin america. this is my security team. we know we are going to have demonstrations. it's how big and how violent they are. this could be a security nightmare for some of us. for others like me, it's a challenge. this is nothing but a security guard in a suit and tie. we are not that. there's more training going into it. out here working our top professionals in their field and they work to make sure we understand how the criminal element operates so we can get better at protecting our people. we are just looking for anything that may be out of the normal that we may need to be aware of. see that a van pulling up? they may be curious when they see this type of configuration, if he tried to cut us off -- least bey is to at moving this spee

or erik schatzker. >> listening to janet yellen, stocks began a final hour surge. slack search, as the fed signaled no end to accommodation. the punch bowl was, shall we say, refreshed. vincent reinhart has lifted is perhaps more than any other economist in america. he is cohead of global economics at morgan stanley and was alan greenspan's head of research for many a year. this time is different is a phrase we know in economics. what was different about yesterday's press conference? >> nothing. it was the main message. it was entirely reassuring that janet yellen is going to keep the policies in place for, to coin a phrase, considerable time. dudley of them new york fed, do they border on a responsibility to going on this course or would morgan stanley suggest they need to take a different tack, and soon? >> you want to separate policy affirmation from policy forecast. there is still resource slack in the economy, inflation is picking up a but still below their goal. they have room to run. >> you have read these histories far more than i have. milton friedman and

i'm am erik schatzker, and slightly less yellow. >> today, the six-month anniversary.is like christmas in june. we were waiting for former president bill clinton. willow bay has a very special conversation with him coming up. that will be coming up live from the clinton global initiative summit in denver. that is minutes away. time now for the newsfeed. the top business stories from around the world. for everyone thought that they were indestructible. this is the worst in over five years. consumer spending fell off a cliff. people are blaming much of that on the severe weather. no one wanted to go to the mall. japan's minister says that deflation is officially over. falling prices have wiped out much of japan's growth in the last 15 years. told bloomberg tv that there is no deflation anymore and their business prices will keep it from coming back. buyers are ready to bid on the governments bitcoin auction. the bitcoins are valued at more than $17 and will be auctioned on friday. the fbi confiscated them when it shut down the silk road marketplace. waiting to hear from

stephanie ruhle and erik schatzker spoke with the harley-davidson ceo and asked him why make an electrice have a lot of v-twins on the road and have been in that business for years with when we think about the future and we think about urban riders, we think about riding in cities and those kinds of things, it makes perfect sense. >> somebody will buy this instead of a vespa? >> i don't know about that but it's an alternative. it's a nimble ride. it's a great ride. it's particularly good for urban areas where there is lots of traffic. >> is the goal to bring in a new demographic? when i think about a traditional harley davidson customer, they want the fat , the bold, the loudohg. this is not that so you are you trying to change the taste of the existing customer? >> no, first of all, we love our traditional customers. they are who made our company what it is today. otheris a whole demographic with younger writers and female riders that we are trying to appeal to not only with electric bike but other bikes we are developing that are more suitable to those outreach demographics. >> so much

. >> ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andthe answers says the former vice chairman of the fed. explains why taking from the rich to give to the poor won't work. banking on bitcoin. techstars and wall street wizards are lining up for the big government auction. just aboutolf is not making a hole in one anymore. we will talk to the ceo up up --

. >> ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andtephanie ruhle. not the answers says the former vice chairman of the fed. explains why taking from the rich to give to the poor won't work. banking on bitcoin. techstars and wall street wizards are lining up for the big government auction. just aboutolf is not making a hole in one anymore. we will talk to the ceo up up putt putt. a brought anybody for the whole two hours. good to have you here. are you a golfer? >> i hate golf. i love miniature golf. i enjoy the windmill. >> i am competitive. we might have a face-off later. >> i have never played sober so i have no idea if i am any good. clayswas a miniature golf next was in college. it was a lot of fun. >> it is good to have you here for the whole two hours. it is time for the top business stories from around the world. the homebuilder posting second-quarter revenue that beat estimates. it was the best for forming homebuilder stock in the past month rising almost 8%. the proposed multibillion dollar fine is weighing on bnp paribas. th

. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker andwall street celebrates the boom in public offerings, but how much longer can the good times last? we will ask morgan stanley's capital market king. >> a good time ahead. the biggest magazine publisher spins off from time warner today, we will ask the ceo why investors want this. >> the tech boom created new tech valley -- silicon valley

erik schatzker reports. to build this new stadium in sÃo paulo for the world cup. million. but just two miles away, there is this. so tell me i'm a what is going on here? foreign language] >> elana claims her rent doubled overnight from about $200 per month to $400. -- elena. too taking more ground. we will talk to an investor who remains bullish. >> the top executive at bnp paribas steps down in the midst of the u.s. investigation. this is real sweat equity. country's most affluent. we will talk to the ceo of the ir

. ♪ >>> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and meets shareholders for the first time since the recall scandal. music.sound of regulators say it is time to update rules for how songwriters get paid. this will have a major impact on pandora. hollowly a. -- hallelujah. >> we will talk about the revolution in men's fashion.

erik schatzker road with the country's army and police.rs are preparing for an unusual battle. on the soccer field, result is hosting the world cup for the first time in 64 years, and the country is not taking any chances. lieutenant colonel paulo silva keeping the peace here in one of the cities where 64 matches will be played over the next month. portugese] his troops have been training for more than a year to confront any number of scenarios. rowdy foreigners bent on destroying property, angry protest others, anarchists, hostage takers, even terrorists. [speaking portugese] brazil wants to avoid a repeat of last year's confederation cup won a series of rallies turned into deadly riots. rio is used to hosting big events like the pope's visit in july 2013. for manos, this is all new to such is a lot of the equipment they were used to gather intelligence. >> like any big city, it has a command center to monitor streets in high risk areas. it's getting a major up grade for the world cup. $45 million for state-of-the-art video to mobile surv

erik schatzker takes us from the field to the first product.for a little .it of a taste test >> i drink it twice a week. when it is raining and when it is not raining. i was born here and i make the best cachaÇa in brazil. >> it is made from 100% sugarcane. energy.cane is it is energy for the body. people.s for all the it is very good. it has a honey like quality to it. it is not a stock hollow. >> the beverage is running in my blood. i jinx all of the drinks. i love the beverage. exporta is the main beverage. mexico exports 20 times as much tequila. many people for the first time are going to taste cachaÇa here. >> it had an image problem in america. sntil 2012, american' classified it as brazilian rum. >> to make rum you let molasses ferment. ferment theaÇa, you sugarcane juice. when it is fermented, you have 12%. >> now, the u.s. recognizes cachaÇa in a distinct spirit to brazil decided to recognize tennessee whiskey and american bourbon. the flavor is improved, the smoothness. our places where we .ge the cachaÇa i raised area cattle here fo

erik schatzker looks at what the world cup has cost them. >> brazil spent $365 million to build thissan paolo for the world cup. just a little ways ast away there is this. >> so tell me. what is going on here? >> she claims her rent doubled overnight from about $200 a month to $400. too poor to pay and with nowhere else to go, she came here. how many people were here at the beginning and how many people re here now? >> they are all squatting on that land. the tents may be nothing more than plastic shooting but each has a number, like an address. by occupying private land and abandoned buildings, the squatters are trying to shame government into building more affordable housing. city officials estimate that ore than 230,000 san paolo families need shelter and yet they plan to build only 55,000 new homes over the next two years. the people here call this at the present time city new palestine. aren't the living conditions difficult? are you not worried that it will it is tooe point that angerous to live here? >> water has to be brought in and there is no electricity. communal kitchens

in an interview with erik schatzker, he spoke about his efforts to get wall street workers to speak upee what wrongdoing. crime, white-collar unless you are a victim and it has affected you personally, sometimes they do not take it seriously. what they do not understand is that we are all victims. anybody who has a pension plan or a mutual fund or some kind of money in the stock arc it is a victim. that is what people do not get. >> why do you think more people on wall street and more people in banks and brokerage firms around the country do not, when they see something, pick up the phone and call the fbi? to say something. good question. that is hopefully -- i think more do than people realize at times. we need to work at all. we need to make sure people are aware that this crime is affecting everybody. people's life savings, look what the man off kay's did suit -- id towhat the madoff case d so many people, they lost their life savings. people have to realize it is so important to keep his financial market budget. >> see more of erik's interview with assistant fbi director george ven

. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker andaits on the supreme court. a week left in the term and justices have crucial cases. versus tvm is aereo networks. >> ousted american apparel ceo says the company's board is acting illegally, trying to be reinstated. >> the tie that feels like a to usaortugal's stun with a final goal. what are the odds of america making it to the next round of the world cup? it is

erik schatzker gives us a look at how brazil is trying to keep the games safe. >> these soldiers areng for an unusual battle. on the soccer field. brazil is hosting the world cup for the first time in 64 years. they are not taking any chances. the lieutenant colonel will be keeping the peace here. is one of 12 cities where the world cup matches will be played. foreign language] >> his troops have been training to confront a number of scenarios. angry protesters, hostage takers, even terrorist. [speaking foreign language] wants to avoid a repeat of last year's federation cup. a series of rallies turned into deadly riots. language]ng foreign >> rio is it used to hosting events fraught with risk. for manaus the security challenges new. >> [speaking foreign language] >> like any big city, them announce has a command center -- manaus has a command center. $45 million a special funding for everything from state-of-the-art video to mobile surveillance units, plus 4000 more officers. to helpas an apt residents make contact with the closest cops. great, theat is too army is ready to roll in.

. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andaves at the gop. a tea party candidate scores a huge upset over the second-highest ranking republican in the house, eric cantor. in europe, taxi and limo drivers from london to milan are blocking traffic to protest the threat to their jobs caused by goober. uber.by >> cheers, it is all about sampling the best in brazil at the world cup.

." >> live from bloomberg headquarters in new york, this with erik makers" schatzker and stephanie ruhlert still has not ruled on a number of crucial cases. business is watching closely. don't write off radio. reports of its death have been greatly exaggerated. we will talk to the head of the nation's biggest radio network. forget about crowded airports. these planes don't need concrete to take off or land. happy friday. you're watching "market makers." .tephanie is back sort of. it is nice to see you. >> its

. >> live from bloomberg headquarters in new york, this with erik makers" schatzker and stephanie ruhleby scandal, the apparel house founder sees allegations of misconduct. >> and the most viable bank, we will see which of the country's financial institutions wins this title. >> it is awfully expensive to eat like a caveman. the price of protein source. a

good life is not good enough, that is when you get a violin-shaped pool in your backyard, which erik schatzkert a fan of. i am ready to dive in. ♪ >>erik has been waiting for two hours. welcome back to "market makers account cash "market makers --"market makers." dollars in home renovations are being made by wall street's elite. profiling this and the latest pace. max, walk us through this. what is the most outrageous thing you found? >> i want to say that stephanie ruhle's description of my story is so much better than a distraction i could have given. >> i am your number one fan. >> the story is there is at least one violin-shaped pool. i went to it, and it is interesting. >> where is it? corners inrd westchester, where i am from. i will tell you what is interested -- interesting about the story and reporting on it was not necessarily seeing the hyper-luxurious things because i write about wall street and it is part of that. >> extravagance, absolutely. >> what was fun and interesting is finding out that these guys after having serious arrears on wall street think that they can hack -- caree