joining us for moore is ethan harris, global economics research head. about a week ago that struck my eye. the 16th the doj needs to do -- the six things that the doj needs to do. ethan: they need to be decisive. the last time he did it, they did it in a vary tough market environment. overwhelm their policy and make people think, maybe the doj has no ammunition left. the next move they do has to at least look decisive. they need to increase their buying a bts. probably go further in negative further in the expansion of the size of their balance sheet. we need to do something that kind of feels decisive to the markets. otherwise, they fall victim to this lack of confidence from the markets. alix: i was reading earlier that the reason the doj does not want to waste it. feels like everyone is waiting for the 23rd. what i wanted to ask is this -- i remember when they went to negative and a strengthened the yen which would be counterintuitive. was it a communication problem, or the problems are worse than we thought, let's fully to the safety of the yen? abo

ethan harris, bank of america. live coverage of janet yellen speaking at the world affairs council in philadelphia today. tune in at 12:30 eastern time. david: it has been two years since -- spend off. the stock has gained since then. they employ nearly 9000 people across america. earlier this year, they had to pull back on hires. mary laschinger joins us now. congratulations. you made fortune 500. mary: we did. and i am pleased to be here to celebrate team members who helped bring us to this point. david: so you both run your own companies. and you supply goods and services close to 50%? mary: yes, we supply at least 50% of the fortune 500 to our customer base. david: so you have a particular vantage point into the u.s. economy. what do you see? mary: we have come across in number of industries, ranging from retail to every equipment manufacturing to food. we cut across all those sectors. we see various outcomes in each of those sectors and industries. we did pull back starting in january because we saw a sharp de

ethan harris, bank of america merrill lynch. scarlet: grexit is called a terrible outcome. next. ♪ ♪ matt: this is bloomberg markets. it is time for your is in/come a look at the biggest is the stories in the news right now. george soros, the billionaire whose 1992 wager against the history and did not repeat on friday. a statement says he did -- did not speculate ahead of the british vote to leave the eu but due to his own bearish outlook, he profited from other investments. he was long the pound. the supreme court refused to list a lower court order that said samsung must stop using some features an older model galaxy smart phones and tablets. a $399 had challenged million award one by apple. a jury found that samsung copied apple's. designs for iphone and should turn over the profits from its sales. the last time the supreme court took up design patents was in the late 1800s over cases involving spoon handles and carpeting. thrive market, a startup aiming to become the online equivalent of costco for healthy food said it raised $111 million in new finds a -- new financin

i bumped into ethan harris in the hallway and he said the fed has not lost credibility at all.t is what the market is reflecting. what can we tell from that and will there be a fed interest rate increase at all? night, janet yellen pivoting a little in public toward the view of larry summers that her folks have had threats ,o the economy and other events yesterday, outlining longer-term and more structural problems the u.s. economy is running into. certainly that makes interest-rate increases less likely this year. polls, the onet we have been following throughout is the number cruncher, the percentage likelihood of a brexit. i think one of the most interesting comments came from the professor of politics at stress clyde who's known for his knowledge on such events. i never would have expected -- i would have said the probabilities remain with the favorite, but we no longer have a favorite in this referendum. there has to be a possibility that we will vote leave. much with thery leave side, isn't it? was head ofyear, he the exit poll that surprised everyone that should the cons

insist we have ethan harris, francisco blotch, and michael onset with us. francine: at 6:00 a.m.y yes now. tom: we've got to have that. michael: that would be interesting. tom: it would be fun. metals widmer, head of research at bank of america merrill lynch. , theg up, james stavridis admiral come on cyber security. from london, a most interesting united kingdom this morning. this is "bloomberg surveillance." ♪ francine: good morning. it is "bloomberg surveillance." i'm francine lacqua with tom keene in london all week. let's get straight to the bloomberg dismissed/. flash.mberg business : jack ma has reiterated that alibaba has no tolerance for counterfeit products. there is an unusual split among volkswagens and unusually close knit owners. the second largest shareholder is refusing to sign off on actions last year of two of the company's board members. bill gross has become the latest investor to bet big on argentina. thentina's bonds are one of top 10 holdings. argentine debt is posting it second-biggest returns in emerging markets. the new president has settled with disgrun