it defies financial logic for an investor to end up paying for the privilege of lending to someone. these investors are sake we are sake we're not going to do that because we have a dust -- we have adjustable rates. it just shows that this cannot last. gina, you are staying with me. and thank you, joe weisenthal, our markets managing editor. coming up, we will look at how the dollar, oil and the federer driving u.s. stocks. ♪ alix: welcome back to the bloomberg market day. we want to get right to the top stories at this hour -- corruption charges are walk -- are rocking the world of soccer. swiss police arrested seven fifa officials and switzerland is probing whether anyone broke laws. two former executives were charged in new york along with marketing officials. the justice department vowed -- andrests in mark racketeering. bailout talks in greece are said to be going nowhere. a greek government statement was denied, saying they were close to deal with international creditors. the official asked not to be identified because the talks are private. spokean ceo jamie dimon at the sanf

t devise -- defies financial logic. investors are saying look, we are not going to do that. we have an adjustable rate, and a floor.ing to set it shows that this cannot last, and what happens when it reverses? >> that is a great question to end on. thank you for joining me, and thank you, joe weisenthal. with lots more coming up on "bloomberg rewind," we will take a look at how the dollar, oil and the fed are driving stocks. back after the break. ♪ alix: welcome back to "bloomberg markets." i am alix steel. right to the top stories at this hour. corruption charges are rocking the world of soccer today information a dramatic raid at dawn, swiss police arrested seven fifa officials. they are probing whether they broke laws in awarding tournaments to qatar and russian. two officials were charged in new york. the u.s. justice department promised more arrests. the bail-out talks are said to be going nowhere. a source denied greek statements that they are close to a deal. the official asked not to be identified because the talks are private. and jpmorgan corey jaymee diamond spoke

tpp, including a warning from senator elizabeth warren that it could roll back financial regulations. >> inc. about the logic of that, the notion that i had this massive fight with wall street to make sure we don't repeat what happened 2007 and 2008 and then i find a provision that would unravel it? i would have to be pretty stupid. and it doesn't make any sense. elizabeth is a politician like everybody else and she has a voice she wants to get out there. i understand that. and almost issues, she and i deeply agree. on this one, though, her arguments don't stand the test of fact and scrutiny. amy: in her criticism, warren singled out the proposed investor-state dispute settlement, or isds. the process would allow foreign corporations to challenge countries' key regulations before an international tribunal. if obama is granted fast-track authority, congress would be able to accept or reject the tpp but not make any changes. the ebola outbreak in liberia has officially been declared over. the world health organization says liberia has gone 42 days without a new ebola case, the threshold for deeming the outbrea

financial security. the government needs to help them. >> reporter: this area has been hardest hit by the heat wave. india's meet logicalent says temperatures have risen quickly and unexpectedly catching residents by surprise. people are doing what they can to keep cool ngo's and local governments are trying to raise awareness about illnesses like heat stroke. but there are fears these public service announcements are a little too late. hundreds of millions of people are also struggling in sweltering conditions. >> translator: i have to cover up well when i'm [ inaudible ] it's easier for some people with air conditioning and cars these days. i also try to go out either in the morning or the evening. >> translator: the heat is great for my business. people are buying a lot more and drinking cold drinks like lemonade to stay hydrated. >> reporter: the first rains of the annual monsoon season aren't expected to hit until next week and it will be at least a month until the forecast improves in northern india. >>> severe weather continues to pound parts of the u.s. state of texas and there are concerns there could be more f

to go, because it just didn't seem logical or likely that the events that he was describing actually took place. >> and investigators also discovered a possible financial motive. >> shortly before dorothy's murder, dorothy had taken out an accidental death insurance policy. and charles was named the beneficiary of that policy. >> charles holden did have some financial problems at the time of this incident with some farming debt that he had incurred over the past year. and this was benefitting him so that he could pay off those debts. >> even more incriminating, charles, who had no criminal record, refused to take a polygraph. >> anytime someone refuses to take a polygraph, that always adds suspicion to that individual. what's he trying to hide? maybe he didn't kill his mother, but maybe he knew who did. >> it didn't take long for investigators to find evidence at the crime scene, evidence left by the killer. >> charles, you're not telling the truth. >> yes, i am. >> he wouldn't come in here, say this -- we just wouldn't do it if we believed it happened any other way. >> no, i am not. >> and we have proof. >> what proof? >> that proof was left on the ha

financial success. we've been told in this country that if you work hard and go to school that you could achieve the american dream. is that really possible. >> well, it is frustrating. it's the boot straps logic. you can pull yourself up by your boot straps, and you know the world is available for you. anything is possible. and in some an tract sense anything is possible but on the ground in terms of the here and now it doesn't work that way. the prospects for moving up in the united states in relationship to where you started in life in terms of your family circumstances is much more limited here in the united states than in most of the industrialized countries throughout world. >> alexander says his research shows children who receive early childhood education and achieve year round school have much better odds but breaking out of poverty vofers involves forces beyond control. >> its i.t. doesn't go away. we can't -- it doesn't go away. >> we can fix schools. >> but it's asking schools to fix problems that originate beyond schools. it's a big difficult set of issues here that aren't going to be resolved quickly or easily. >> the finches may not have achieved their american dream but they ha

financial crisis. erik: it's not clear if they were ever reaching out to them. gary is a logical choice. stephanie: he is a logical choice for uber or one of these tech companies that want to go to the big stage. i don't know that anthony noto has the experience. he doesn't have experience dealing with regulation and the overall financial crisis and the media. gc does. there is so much to talk about in banking. there are a few headlines this morning. jeffries was able to have the ability take on higher risk levels. which bank is upping their number -- deutsche bank -- they are hiring. erik: it's effectively the same sides of the same coin. stephanie: they are hiring in the asset management business. there is far less capital intensive. erik: two sides of the same coin. deutsche is bulking up where they approve of. deutsche bank can't. jpmorgan can't. stephanie: firms like jeffries are becoming more and more attractive to top talent. they don't have that overhang it. you can control your destiny more. it's not a true boutique firm where you've got to get in there and slug it out everyday.

logical next step. it addresses one of the most important financial issues americans face -- how to plan and save for retirement. the president leaves that after a lifetime of hard work, all americans deserve every opportunity to retire with dignity, and security. that is a central tenet of middle class economics. the financial crisis are based trillions in retirement savings. while the recovery has replenished most of what was lost, middle-class families are still making up ground. unless we do more, millions of americans will have a hard decision to make. two other work well past when they plan to retire -- to either work well past when they retire, or to live with less in retirement risking falling back to social security alone. social security is, and must remain, a rocksolid guaranteed benefit that americans can rely on. but too many americans don't have enough to supplement their social security. that is why the president has put forward retirement proposals that would give 30 million more american workers access to a new workplace savings opportunity. at the same time that we are working to increase acce

logical next step. it addresses one of the most important financial issues americans face, how to plan and save for retirement. the president believes all americans deserves every opportunity to retire with dignity and security. that's a central tenet of middle class economics. the financial crisis rerace trillion -- erase trillions in middle class families. unless we do more, millions of americans will have a hard decision to make to work well past when they retire or live with less this retirement or to risk out living their savings and falling back to social security alone. social security is and must remain a rock solid guaranteed benefit that americans can rely on. too many americans don't have enough to supplement they're social security. that's why the president has put forward retirement proposals that would give 30 million more americans workers access to a new workplace savings opportunity. at the same time that we're working to increase access to savings opportunities we need to make sure that americans who are doing the responsible thing working hard and putting enough aside for retirement are get

financial, that a business man a fairly reasonable request to say sever me and mike said my trial alone would have probably taken two weeks substantial reduction in cost and that was the cleanest, most logical thing that made sense. mike reluctantly submitted the severance request thinking i would be in better legal shape if i went on trial with my brother as opposed to if not. i thought a shorter two-week trial would save me a lot of money and we submitted it to the prosecutors, the judge, the prosecutor's opposed it judge denied it and we went on to trial. the trial lasted two and a half months. it was a major financial hardship. i fund raised for my brother for four month and never not one time, conditioned a contribution in exchange for a government favor or contract. one of my favorite phrases was i don't do that no. you have no idea how people nibble around you at a fundraiser trying to get things in return. i never came even close to saturday -- close to accepting anything. wire tapped 50 days 400 hours, 4,000 intercepts 1500 on my personal cellphone, and 284 personal conversations i had with my wife and son. let me give you an embarrassing examples of a wire tap conversation involvi

otherwise low limit the ability to keep up with type logical change and we must preserve a private right of action where consumers and financial institution to ensure they have recourse and further consumers not as consistently provided with clear disclosures of the rights and remedies available so they remain aware of the various ways in which they can protect themselves from identity theft and fraud and other cybercrimes. mr. chairman efforts to regard against cyberthreats are critically important and should be bothered to the same partisan fault lines we have seen on far too many other issues before this committee such as baseless attacks like to see mpd and blocking efforts to reauthorize the charter of the export import bank which expires in just 22 legislative days. with that, i look forward to hearing from the witnesses and i yield back the balance of my time. >> chair now recognizes the gentleman from texas, mr. neugebauer of the institution subcommittee. >> thank you, mr. chairman. we live in a world where the global marketplace is funded by the payment system to deliver services to consumers in the blink of a night w

financial action task force, and if you track the cases i have in the u.k., france, there's no question we're seing a rise in abuse of charity and it's just logical. people want to do good and that gives an opportunity for cover for not good things. it creates a vulnerability. it brings us back not to just 2001 but before, with the banks trying to improve their filters working with charities again to protect them from being easily abused in the context of a real humanitarian catastrophe. which brings me to -- here we go. right over there in the back, behind the pillar, or in front of the pillar. >> hi, western union intelligence unit. western union is moving more toward a qualitative analysis of data and doing less with thresholds and taking large swaths of data and trying to see what's happening with it, with what has been discussed already. my question is, you mentioned having fewer sars, more quality sars, but if we're seeing activity that appears legitimate, like in the opening statement we talked about how these self-funded and smaller dollar amounts look legitimate and they can look legitimate. if we're working with large sets of data and w