-- financing. in doing so, financial institutions and the government can more effectively connect the dots that involved in mapping illicit financing networks. finally, the bill includes a study to assess the appropriate levels of information sharing between u.s. and foreign financial institutions. between u.s. financial institutions and their foreign subsidiaries and between u.s. subsidiaries of foreign financial institutions and their parent institution, this cooperation is ultimately necessary. given the central role of the u.s. financial system within the global economy and the shared volume and divert of trns actions that pass through u.s. institutions, it's increasingly clear how essential it is to have a strong, coordinated u.s. government and private sector response in the fight against terror finance. h.r. 5606 will help promote the type of enhanced coordination that is needed to stay ahead of the illicit acters who seek to facilitate their illicit behavior through the exploitation of our

that is where campaign finance laws step in.they reduce the inequality influence of our economic system and strengthen the egalitarian impulses in our political system. campaign finance laws that those two systems together to make it work. host: new york, independent caller. caller: thank you. i am a little depressed going back to the two previous callers. informed.oorly i think they are sincere. but i know what tv channel they watch regularly. the question regarding citizen united, trump says he is opposed to big money in politics, but i assume he would nominate very conservative judges. so what are the odds of citizens united being thrown out the window? guest: well, donald trump, when it comes to campaign finance reform position, he has not staked out a position. his position has been that he is so wealthy, he cannot be bribed. although that does dance around the issue of the corrupting influence of money in politics, it is not a campaign finance reform position. what he is essentially saying is that the only people who shoul

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that is where campaign finance laws step in. reduce the inequality influence of our economic system and strengthen the egalitarian impulses in our political system. campaign finance laws that those two systems together to make it work. host: new york, independent caller. caller: thank you. i am a little depressed going back to the two previous callers. informed.oorly i think they are sincere. but i know what tv channel they watch regularly. the question regarding citizen united, trump says he is opposed to big money in politics, but i assume he would nominate very conservative judges. so what are the odds of citizens united being thrown out the window? guest: well, donald trump, when it comes to campaign finance reform position, he has not staked out a position. his position has been that he is so wealthy, he cannot be bribed. although that does dance around the issue of the corrupting influence of money in politics, it is not a campaign finance reform position. what he is essentially saying is that the only people who should be

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monetary finance deficit spending is when the central bank directly finances givenment spending and thenment debt is at 250% of gdp, as a concept, -- was in japan and he has long been a proponent of monetary deficit finance spending, i think it is clearly an option on the table. soonuestion is, is it too since shinzo abe is convincing victories for a robust coordinated and likely to the successful coordinated and fiscal monetary policy action to be drafted and i think that is the risk. it is perhaps too soon. you say it is too soon and the question for central banks ,n the u.s., the fed is, well is it too late? at some point they have caught to raise rates. there is a growing sentiment that it is probably maybe at least september because of the >> it iselection? interesting and it highlights a number of political overlays. the -- immediately after that brings it, the market was until 2018fed action . now we have a 50% probability that the fed will do something by december 2016. timing,e election september is uncertain. seefed would be needing to fairly strong unilateral positive outcome

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we also spoke to the finance minister from australia scott morrison. he said it would not have too much of an impact but they are looking at formal talks with the u.k.. take a listen. , but a lotrmal work of what is happening, we have yet to see the impact. that was reported the other day. it was insulated from the short-term impacts of what is happening. we need to position ourselves going forward. >> then the conversation shifts to how to prop up or spur global growth. a lot of the discussion around the fact the central banks are running out of firepower. the treasurer is much more focused on cutting the deficit. canadians on the other hand, they are pushing ahead with the school stimulus. they think that is going to pick up growth and tackle growth and tackle this rising populism and anti-globalization sentiment expressed by the brexit and the rise of donald trump in the u.s. guest: the reason political turmoil in turkey, and the developments as they unfold, they were a talk of the discussion. what else was said? >> he was here and there was some pu

talk with the finance minister of luxembourg.his is bloomberg. ♪ francine: let's get to bloomberg first word news with caroline hyde. caroline: francine, thank you. germany's second-largest bank says a key measure of financial strength fell in the second quarter. that as it made the adjustments to reflect up -- occupational risks. the firm says net income in the second quarter fell 32%. it didn't specify help divisions performed. ab inbev raised its bids for a.b. miller -- acb miller after the pounds slumped. receive one pound more per share than the previous offer. has sharplyjudge criticized statements and actions by former executives of bear stearns in the final days of the investment bank. he says important information was held from the public. he is now allowing -- to move forward. francine. francine: federal reserve policymakers begin their two-day meeting in washington today. they are expected to hold the line on interest rates. the fed funds futures indicate the odds of a rate hike this december almost back at the level o

the design build finance. because what we want to again make sure at this point in time the great work people are doing the fighting is still kind of being committed the letters are starting to the discussions are happening and letters will be forthcoming. when we evaluated the evaluated in two separate ways. independently. we look at it from a quantitative standpoint so those something like 24-23 different goals and arjectives were scored. these the categories of those peer, quantitative. the pure number standpoint what we found here was that design build scored the highest. because it maximized the risk transfer and really helped us on the cost. historically, ben design build has been engaged that's really been kind of its, as well as delivering things on schedule having a really good. it's a good way to transfer that risk responsibly and be able to have that control. the only thing i want to point out is design build finance score slightly higher but that's only into categories. that's in the cost and the s

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and leaving finance for frozen desserts. ou this former banker is serving up his sweet second act. and a flexi-ball, th fives it pivots with every dip and divot. choose to smooth. venus swirl. plumping surface cells for a dramatic transformation... ...without the need for fillers. with olay, you age less. so you can be ageless. olay ageless. >>> we are one nation. and crunching the data, cnbc just ranked the best states for business. here are the top five. north carolina is number five. number four is minnesota, colorado came in third, texas was second and the top state, reporter scott cohn has this report from drum roll please -- >> they call utah the bee hive state because the people here work so hard so when the nation was plunging to the depths of the great recession in 2008, this city branded itself silicon slopes and set out to attract investment. the governor was able to make an audacious pledge. >> my goal was to accelerate private sector generation to create 100,000 jobs in 1,000 days. >> reporter: by the time those

plus 36 month financing. know better sleep.only at a sleep number store. approaching medicare eligibility? don't put off checking out your medicare options until 65. now is a good time to get the ball rolling. medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help save you in out-of-pocket medical costs. taking informed steps really makes a difference later. that's what it means to go long™. call now and request this free decision guide and explore the range of aarp medicare supplement plans. all plans like these let you choose any doctor or hospital that accepts medicare patients. these are the only medicare supplement insurance plans endorsed by aarp. call now and request your free decision guide... and start gathering the information you need to help you go long™. >>> all right. another time honored fourth of

finally, keep in mind what we would be financing if we financed these planes. hundreds of thousands of syrians have been killed. most of the country is either in internal exile or is fleeing the country. bodies wash up on the beaches of greek islands. from people who risk their lives to escape an assad regime that is kept in power by the thugs, e money, and the weapons carried to damascus by iran. so we don't have to finance this terrorism, we're not obligated to do so, even if we're going to be in the strictest compliance with the jcpoa, we shouldn't expose our banks to that risk, and i yield back to the gentleman and thank him for his amendment. the chair: the gentleman yields back. the gentleman reserves. any member wish to seek time in opposition? does the gentleman from new york seek time in opposition? the gentleman is recognized for five minutes in opposition. mr. serrano: i rise to claim time in opposition to thement. a amendment has the same purpose as the amendment we just debated, that is to undermine the iran agreement and penalize american manufact

a report where the finance chief met this weekend.e, is there a sense of the central bank could be running out of firepower here? sensety, that is the among many policymakers over the last few days. they are concerned there is a growing level of impotency when it comes to central banks and somewhat want to the boj and its failure to meet that inflation target by some distance. they point to the relatively weak growth in europe. we spoke to the president of the world bank who said, yes, he does think effectively that the time is running out for central banks when it comes to the monetary policies and just how effective those are. take a listen to what the president has to say on this. how far can you go with negative interest space? >> some $12 trillion of government bonds are holding negative instruments. who would've thought that would be possible? soon they are going to run out of instruments, and so the countries and nations that do not fiscal space, they will slowly move toward stability. >> the president pushing for more fiscal s

the finance minister says britain should prove it is still open for business. a 15% rate would put the corporate tax below many of its neighbors and could potentially raise the ire of governments in paris and berlin. >> cushioning measures aimed at softening the blow of brexit, the u.k. finance minister, george osborne, pledged to cut corporate tax below 15% as part of a five-point plan to keep hold of investment in the wake of the country voting to leave the european union. in an interview, he said points included ensuring support for bank lending, pushing for more investment in china, a focus on growth in the north of england, and maintaining the u.k.'s fiscal credibility. wake of thehe referendum, the country was unlikely to hit its budget surplus. competition was put in with ireland over its 12.5% rate. the boost as businesses are considering the future in the companyong them a looking to get in and operators certificate to allow it to continue operating in europe if the u.k. is forced out of the common market. >> the country which is going to hand out an a

the design build finance. because what we want to again make sure at this point in time the great work people are doing the fighting is still kind of being committed the letters are starting to the discussions are happening and letters will be forthcoming. when we evaluated the evaluated in two separate ways. independently. we look at it from a quantitative standpoint so those something like 24-23 different goals and objectives were scored. these are the categories of those peer, quantitative. the pure number standpoint what we found here was that design build scored the highest. because it maximized the risk transfer and really helped us on the cost. storically, ben design build has been engaged that's really been kind of its, as well as delivering things on schedule having a really good. it's a good way to transfer that risk responsibly and be able to have that control. the only thing i want to point out is design build finance score slightly higher but that's only into categories. that's in the cost and the

. >>> leaving finance for frozen dessert.ow this former burning of diabetic nerve pain, these feet learned the horn from my dad and played gigs from new york to miami. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. now i have less diab

i rise today in strong support hbcu capital he financing improvement act. h.r. 5530 is one of a number of bills on the floor today with a common purpose, improving our country's higher education system, something that has been a priority of mine for a very long time. as a member of the alabama state board of education and chancellor of the department of education, i worked to ensure schools in our state were preparing students to succeed. as a member of the house education and the work force committee, i have continued that focus and worked to deliver solutions that will provide all students with the quality education they deserve and that's why i stand here today. an important part of helping students succeed is making sure schools and institutions have what they need to serve them well. that's exactly what h.r. 5530 will do. the bill reforms a program known as the hb crew capital financing program. this program was to provide low cost capital they could use to make infrastructure improvements and acts as a loan guarantee program he so the instewings can h

if we go down the route of financing the ministry of finance in fiscal activities, that is helicopteranna: it remains ill-defined. giving usond yields the biggest increase since 2013. the government has said we are not expanding the bond buying program, and it had been expected they might do that. where do we head on the bond yields and the yen? decisive fiscal action next week, and i am working on the assumption we will, and if we have this interaction between the boj and the ministry of finance whereby the boj extends purchases into paper issued by the ministry of finance, particular in the infrastructure sector, then you would probably see the yen reverse back into a range of 105-110. ideally, that is what the boj wants. as the yenorget that moves towards 100, that causes quite severe damage for japanese exports. more importantly, it compounds the inflationary problem japan has. the headline data is clear. japanese inflation is still negative. up by 1.76% this morning. thank you very much. ahead, look at the day french gdp figures for the second quarter. a growth reading for the ni

he leaves he eu finance ministers today. he really did talk tough about italy's banking needs restructuring and they need to play by the current rules set by the eu. elsewhere, i want to watch some of the stocks on the move. asos is up more than 6%, the only u.k. online retailer aimed at the 20 somethings. it seems millennials are still flashing that cash in the run up to the brexit. sales were up 28% in the u.k.. so, asos is doing very well indeed. and b are going to stick with that u.k. theme for your chart of the hour. nejra: we have been talking a lot about how u.k. stocks have been outperforming peers, for investors must have had to put up with volatility, right? wrong. not only has the ftse 100 beat its european markets on absolute returns, but if we divide the total return by the degree of daily price variations, well, the ftse 100's 1.2% gains since brexit is among the best amongst western european markets. this chart shows that not only the british mega cap is rising compared to their peers, but they are also sparin

many said the image prompted a stereotype about jews and finances. trump later delete at the tweet and posted it with a circle. 12 hours of terror. family and friends mourn the loss of the americans killed come and chilling new details of the bangladesh attacks. >> the scene was right out of a movie. we were very fortunate. kellye: how three quick thinking kids took a kellye: family and friends mourn the loss of an american killed in the attack in bangladesh. the chilling details released about what took place during the ordeal. >> we got back. reporter: loss of a former student. seen here in a facebook photo, she had just finished her frhman year at emory university. born in bangladesh, she grew up in miami and was one of two students from the school who died in the attack. >> it's so hard to believe she was there and she was suffering for so many hours. i don't even want to think about it. 18 euros student from uc berkeley was also killed. among the 20 victims, nine italians. tonight, flags in rome flying at half staff in their honor. the 12 hours

>> the finance side of the ceo comes in as an editor. if you really care about being successful as an editor he got to understand that this is a business. if you are recommending books that don't make money, you want to know why and how you can make money. so from the first the i walked through the door i was always look at every piece of financial statement i could get. you want to do right by your writers. you understand the business. you do well by the people who employ you by doing well for the visit if you are not profitable you don't need to be employed as an editor so you got to make sure you understand you know, managing projects and then after some number of years i was promoted from an editor at scribner's. i moved to brown, became editor of chief we are responsible for managing a group of people, and as a publisher you're responsible for the p&l of the publishing division. that means you got to give every detail, paper cost, jacket off, advances, publicity costs, where you're spending money on marketing that everything that go

plus 36 month financing. know better sleep.y at a sleep number store. >>> maybe sam is upset, a top >>> maybe sam is upset, a top seed of djokovic wasn't a fluke. the 28th seed got a win in straight sets. he becomes the first american man to reach the quarterfinals at any grand slam in five years. it's also his first grand slam quarterfinal in singles. tomorrow, the number-six seed plays. >> and his previous best tv appearance was on "millionaire matchmaker." >>> there was a scare for serena williams in the women's competition. she slipped. center court was a little wet. they closed the roof and when play resumed she appeared more focussed. she took the last nine games beat the 13th seed. she moves on to the quarterfinals today. >> dust yourself off. >>> from tennis to golf, a 10-year-old prodigy from virginia who has been showing great promise and amazing talent. >> that is until a judge sidelined her for the next year. she awarded sole custody to the mother in a bitter custody battle. abc's t.j. holm wis with the st. >> repor

it's financed. >> okay. >> see what i mean? >> when i open the hood of a car, i looked at a 1994 range rover. it's all mechanical. you open a new one, you can't see anything. you can't really work on those new cars without this. it's almost impossible. >> 40% to 50% of the repairs in the car part, the 300 million car park, but 80% of the new cash cars, this allows you to tell you what the car's saying, it allows you to run it through cycles, test whether the component it says is wrong is really a problem. and it tells you what 800 million repair records say about what you should do about that part. this is revolutionary. >> and i don't think there's anyway to stay a mechanic in this day and age. and i have to tell everybody, nick has never say, look, i'm never going to talk about the financing. always proud of it. >> yes. great business. >> and i wish the critics would have talked with you. that's the chairman and ceo of snap-on incorporated. i think it's a rare blip. "mad money's" back. >>> what's better than "mad money"? how

charlie will be here later to write our guest is lou eisenberg a republican national committee finance committee chairman and the chairman of trump victory. welcome to the show. i want to start out and say that i'm one of your committee members and i'm a donor to the rnc and trump victory. >> i shall disclose that i have given money to the trump picture campaign as well as the nrlc at and senator rob portman is running for election as a republican in ohio. we have to ask top russians otherwise we will be fair. here the super tough questions. lou is my old boss at goldman back in the day and thank you for hire me by the way. the first question related to your raising a good sum of money in june but it does seem like we are getting pushback from traditional republican donors so what you say about that and how are you going about raising the money? >> this is the most interesting campaign for the presidency have ever been involved in and it's true that there has been some reluctance on the part of wall street to participate in the fund-raising activities. we have a unique candidate for th

it is under pressure to bolster its finances.cb asking monte passkey, italy -- ecb asking monte posse -- lower towardso the end of 2015. italian banks leading the decline. an astonishing pmi number on u.k. construction. it unexpectedly shrunk at the fastest pace since 2009. it in 2013. the index flipping to 46 from 51.2. any figure below 50 shows a construction -- contraction, showing evidence that the economy was hindered by uncertainty before the brexit vote. worst performing sub index. commercial building also shrank. civil engineering was stable. want to talk about gold and silver. so rising about $21 for the first time in two years. investors sinking -- investors seeking precious metals as a haven amid the feeling that central banks will continue to pump stimulus into the economy. howde a nice chart showing well gold and silver have done. silver -- best performing commodity year-to-date. it is up 46% in 2016. gold up by 27%. it is up for a fourth consecutive day. and i have drilled deeper. gold and silver producer on the fts

one of them barred public financing. all three of us i'm a democrat republican, independent, included that because we believe in it. another one also banned one political office holder taking donations and then transferring them to another or [inaudible] unfortunately, that provision was held unconstitutional. the public financing clause was held invalid in los angeles superior court and a lawsuit initiated by the city of los angeles on the ground that state law could not regulate a charter city. los angeles was and is a charter city. the easiest way to describe the reason for my feeling is that, personally, i would abhor the use of money i paid government in taxes,, fees, to be used by a -let's take an extreme example-as david duke of candidates. san francisco's ordinance weakens that kind of a transaction because san francisco's ordinance requires, in effect, to use the abbreviated description, a candidate to be serious in order to qualify for my tax payments. were yours or others of our 850,000 fellow san franciscans.

welcome to the to the board of supervisors budget & finance subcommittee of wednesday, july 6, 2016, i'm katie tang the vice chair and sitting if for our chair male and female a supervisor wiener and also commissioner loo pr our clerk is linda one thing and thank you nona melkonian and staff and madam clerk, any announcements? >> completed speaker cards and documents to be included should be submitted to the clerk. items acted upon today will appear on the july 12th board of supervisors agenda unless otherwise stated. >> thank you can you call our only item ordinance for the tax regulations code to impose a used tax at twaerdz of one percent for 25 years for administrative code by the board of states equalization. >> supervisor wiener is here. >> thank you very much madam chair the the item before you the sales tax we held at about hearing and presentation and made amendments and continued to say it before you us there is a champion charter amendment that is pending in the rules committee and that will be heard at the rules committee tomorrow this sales tax the funds for it would be

i think a lot of areas which were worrying how they were goin g to source finance when u.s.rest rates went up, will get a lot of relief from this. mark: what is your number one fear right now? trevor: two things. one is we go straight from worrying about brexit to worry about donald trump. there are concerns about his policymaking on the cuff. and markets will get worried by the because markets do not like uncertainty. another concern would be that market pressure forces a bad u.k. and in the europe. i like that there is this long gap for article 50 is an active chance,thit gives one a is their compromise/ se. m doa you think it is in everyone's best interest to meet in the middler? the fact that having a foot in both camps in the world has been very good for the u.k., i think it is in the u.k.'s interest and, therefore, in europe's interest. it would need to be a purple reformed european union. what i mean? anything that would allow the british public to say, actually, i think now i would vote in favor of staying. it's possible. my concern is that market pressure will say y

at this point we are working to finalize the infrastructure financing plan which is guiding document for the formation of the district and companion to the resolution of intent. for the community facilities, district is a supplemental tax on property within the district. the cfd assessment will not be levied against the affordable housing parcels in the district but against the market rate properties. the key dist tinction between the cfd and the ifd in addition to the fact it is a supplemental assessment is that it can be used for both services as well as expenses and also does not have a fixed period over which it can be assess. so, we are going-it is over the first 42 years utilized to reimburse the developer for infrastructure cost and pay for the operation and maintenance of parks and open spaces on the island and beyond 42 years it will be used for the operation maintenance of parks and open space, but also to establish a reserve for sea level rise adaptation measures recollect which is a critical component of the project as you know. right now we are finalizing the index of ca

at number one, we need to talk about new ways of financing politics. how do we get away from millionaire and billionaire donors? and all the dollar for dollar and incentivize small donors in the same way that bernie sanders has into some extent we saw that with ten -- ted cruz. how do we incentivize it more of more of them into the system so that it messed on, all of us as a post to opposed to a few citizens? >> number two, lobbying ethics. and the sea of south carolina, if you are registered lobbyist you cannot make a campaign donation to a politician because it looks like corruption because when you pronounce as a lobbyist that you of some kind of ax to grind or something to a compass with the government you throw money on top of that and it looks like corruption. r i would love to see that accomplished in washington. number three, transparency. dark money is on the rise right now. you have to eradicate it.. and finally, we need a good cop on the beat. we have to fix the federal election commission federal election commission which oversees the finan

there will be no need for budget financing. that will happen. esm managing director, we look to see when greece does tap that market. a fresh 31-year load and yields drop. all the markets move our next. ♪ . . guy: a couple of things we need to show you. we are continuing the story in the bond market. that is where the germans are at the moment after the negative yields. 77.u.k., spot money continues pouring into the u.s. global government bonds expert joins us. we are in strange times. this is the swiss kroner which is under the red line of being negative. is there a sense that this has much further to run? give us a sense of the proportion of what we are looking at. -- curve swiss kerber is a good one. i look at my inbox. there are a few different views. crisis ist the praxis not systemic. other people or raising flag saying maybe the bond market is right, maybe things are worse. this could be a bad time for the economy because things were looking at stocks heading lower. maybe things are going to turn over. -- turn a lot nastier. caroline: we

plus 36 month financing. know better sleep. only at a sleep number store. >>> these terrifying moments you're about to see on camera as a sky diver's parachute malfunctioned over oklahoma. he was going about 80 miles per hour when it happened. he says muscle memory kicked in. he struggled with the chute for about 500 feet before he deployed his emergency chute. it was his eighth time using a backup parachute. >> only one for me is done. >> a nike chairman, the 78-year-old announced a year ago he would begin the transition toward retirement. night founded what would become nike 52 years ago with his former track coach. each man put up $500 at the time. night is now worth $24 billion. >> how would you like to be the third guy who is like no, $500 is too much. sorry, man. i'm good. i'm good. >> these guys, $500. crazy. >> i'm going into beta. okay. it was a life and career crisis that prompted stephanie marsh to surgically change her body image. >> the svu star is opening up about her breast implant nightmare and what she learned

the financing of the aircrafts then, remains very cheap. talk to the ceo of boeing, the conversation coming up at 10:20 london time. wesef: guy, one more theme should watch out for this year? the defensek we d story will be interesting. we will have the defense secretary and the prime minister here later on. we have just had the nato summit in or saw. summit the nato in warsaw. we also have what is happening in the south china sea as well. yousef: thanks, guy. that is that for this edition of "bloomberg markets: middle east. e >> tracking gains in u.s. shares after a strong jobs report eases concerns about the world's largest economy. chancellor george osborne heads to new york, kicking off a two-week world tour aimed at theing up confidence in uk's post-brexit economy. shinzo abe promises bold economic measures after a victory in japan's upper house elections. nintendo has its biggest surge since listing in 1983 as pokemon adds $7 billion to its market value in just a week.

in a sense, i was financing corporations.ent banks, you needed a large capital markets banks to facilitate what you are financing. you needed to issue that bond in europe, that bond in the united states. they do a show so good -- they do a social good. but there has been a price that has been bathed -- that has been paid by some of the creativity. he knows his numbers. he manages to the numbers, and he does not -- he does not stand lack of performance. so you have seen him turn over people when he does not get his performance. that is really what you want to see. come out ondlines morgan stanley, and they are very predicable headlines. -- very predictable headlines. wealth management, pretax margin , a whopping 22.5%, which speaks to the cost side as well. the return on common equity, 8.3%. how critical is it to get that common equity up to double-digit? isd: their cost of equity over 10%. if you look at the beta on morgan stanley, the cost of equity is much higher for morgan stanley. they are still not doing it. you can see

ryan: where are the european finance ministers today?p is discussing, among other things, portugal and its efforts to meet its budget apposite targets. coming up in the next 20 minutes? is on tohe countdown the gop convention in cleveland. is donald trump close to picking his running mate? david: we will hear from the boeing ceo about demand after the brexit vote. vonnie: the nasdaq is on pace for the highest close this year. this is bloomberg. ♪ markets -- is "work bloomberg markets." it is coming down to the wire. donald trump will be in cleveland in 10 days. megan murphy, coming to us from the washington bureau. what about these reports that it will be a general? retired general flynn, likely to happen? megan: it's taken on a lot of twist and turns and trump has run it in this gladiatorial contest way, people making appearances. fighting it out. we really hear that it's down to a three-person race between mike , and wehris christie hear that newt gingrich is still in the race. we shall see. i expect that appointment in the next few da

finance is one thing. thinkable projects is a whole different story. >> i think that we are constantly looking at our model to figure out, we are always going to look out for good ideas. it does not matter where they come from. it is not restricted to china. it can come from some startup in silicon valley or some local community in remote uganda or anywhere else. we are constantly looking because the situation keeps changing. we have big, big goals to try to reach so we need every good idea from wherever comes. i would just simply say also that that is true for everyone including the chinese. ,e have a strategic dialogue development dialogue with the chinese. my boss, gayle smith, was in beijing in the last month meeting with senior officials there, talking about concrete projects and talking about also general development architecture type issues. , described some of the ways in which they are evolving. it is very early days for them. they do not have 15 years worth of experience. they do not have staff w

for one, the american public as an issue with financing iranian terror through u.s. financial infrastructure. the american public has had an enormous issue with a lot of specifics related to the iran nuclear agreement. for one, it's not really much of an agreement. it is an unsigned political commitment. there are material differences with regards to the agreements. the u.s. says we're going to be able to access military sites the iranian said before, during and after the negotiations you will be never be able to access our military sites. we said sanctions will be phased in over the course of time based on compliance. the iranians said, no, no suspension. these are pretty important parts of the agreement. let's talk about some other parts that weren't part of the agreement, they weren't able to agree to so they put into a secretive deal between the iranians and an entity that we have no ability to actually be on an inspection it's team because as a.p. reports put out the iaea's agreements with the u.s., the so-called deals where the verification is outlined, the ira

i sat down with the deputy finance minister of mexico and asked him about the antitrade rhetoric and whether or not he's concd it cod hurt religions. >> what we are working on is to show positive things that happened with free trade and on this relationshive more profound than the relationships. >> another major concern among the g-20 leaders is the health of the italian banks. the european commission has been negotiating with the italian government over some sort of rescue plan, i talked with all of the players in the european commission, the italian central bank governor as well as the italian finance minister and all of them had a similar necessary and that is that they believe that the fears among investors were exaggerated and they were working closely in order to try to come eu is going to be rele its bank stress test results on friday. for nightly business report, beijing. >> still ahead, when an e-mail from your boss isn't what it seems and could cost your co >>> surging demand for air travel will increase the need for pie lotz. nearly 1.5 million pilots and technicians by 20

plus 36 month financing. know better sleep. only at a sleep number store. this pimple's gonna aw com'on.ver. clearasil ultra works fast to begin visibly clearing up skin in as little as 12 hours. and acne won't last forever. just like your mom won't walk in on you... forever. let's be clear. clearasil works fast. >>> a man spear fishing when he has a close encounter with that shark. he said he caught a fish and became tangled in the line as the shark started swimming toward him. he says the shark only had eyes, hopefully, for his catch. so he freed himself and left the fish for the shark. he says it was quickly devoured. now to the controversy near cleveland. >>> an arab businessman wearing a robe. and a head scarf inside o being a terrorist. >> a 9-1-1 call triggered a police takedown and now an international incident. here's abc's clayton san dell. >> there's a man in a full head dress. >> in call to police in ohio triggering an international response. >> with multiple disposable phones pledging his allegiance or something to isis. >>> a desk clerk tells

however, the financing of these homes has a long and sorted history of abuse. if a site-built homeowner can get a mortgage for 5%, why should manufacturing homebuyer need to pay 15%? if a homebuyer is offered a loan of 15%, -- 15%, i think they should receive counseling that lower cost options may be available. two years ago i wrote letters to the heads of the major financing firms for manufactured homes. i asked them for information on their default rate. why should a buyer of a manufactured home be charged three times more than a buyer of a site-built home? i was told by the trade association that they could share that information but only if i promised confidentiality. i declined that because i wasn't going to be an aider and abetter to their conspiracy. this is a paradox. a they want to charge 10% above prime and 14% and 15% and only way to attract lenders to the market. why do they have to charge 3 times. they are financing and let them build quit. here were a series of articles on how they ued to prey. dem contrast gave them the milliony ip clueding 17 pe