later i will be joined by martin fink and i will also be speaking with the hp ceo meg whitman. also outlining ipo plans and why aren't there are more ed tech unicorns? i will be joined by blackboard's ceo, all ahead. first pinterest moves into e-commerce. pinners will be able to purchase directly through the website with i/o bowl pins they are calling -- with buyable pins, they are calling it. you will be able to pay with apple pay or your credit card and they are working with stripe and braintree as payment partners. sarah frier covers interest for us. she was at interest when they made this announcement. so, pinterest users have wanted to see a company get into this. will they need to leave interest if they want to search on amazon or google if i want to buy a? >> you will have a blue price tag at the bottom of pins on your site. whether that changes the experience of pinterest and makes it less about inspiration and more about purchasing -- whether that turns people off we will have to see, but it's true that consumers have been asking this for a while. emily: i want to brin

schwarzman is a republican and fink is a democrat.fink has been mentioned as a potential treasury secretary. funny story about how schwarzman acted as a go between bring the fiscal cliff negotiations. mark: i read your article and those of you who have not coming fascinating. to jimmy lee of j.p. morgan chase about these two firms. what did he have to say? jason: it was a great interview. one of the last interviews he gave. he really saw both of these firms and both of these men coming to their own. he speculated that they could come even close it together and he was one of the people we talked to that said it's not impossible to think about blackstone buying a traditional asset manager or blackrock eyeing an alternative manager. they cross paths in certain social situations. jason: they do. when you deal in that rare binary, you are bound to run into each other. , thank you solly much. , cars and set on fire in paris by angry taxi drivers. the story is next. ♪ mark: welcome back. i'm mark crumpton. let's get a check of the markets no

fink has notin, wavered from that september.a lot have been changing expectations based on the data. all of that said, just like the other headlines here, he says he does like stocks. he likes european equities for the past month. he says do not fall in love with them, because he also likes chinese and japanese equities. he is, quote, not frightened. inhibited, the fed he says, by the value of the u.s. dollar. the author says he thinks the and reserve should ask why the consumer is not to me right now. we definitely have seen them consumption numbers, most particularly the spending numbers yesterday for the month of april showing no change. basically that nation in spending, so interesting headlines. we will continue to monitor what he says at that conference. i love that. by the stocks, but do not fall in love with them. awesome. scarlet: i would be scared of them. absolutely. next on the bloomberg market day, the dow off about 25 points. ♪ welcome back to the bloomberg market day. let's look at the stories ross saying the bloo

martin will be joined by fink and i will also be speaking with the hp ceo meg whitman.

it's not the democratic party of him and his friend larry fink at black rock that are marginally liberal democrats. >> or communists. >> these communists are running. comrade bill de blasio elizabeth warren. that's where he is wrong. >> ben stein, i guess it is saying something about our system and maybe he is just exposed the reality that is there. don't believe what she's saying. she doesn't believe it. she's more like her husband than the left wing as she appears in public. that is a sad commentary if this is all for show. >> i don't think she even appears as a left winger. she's sh shrill but not particularly left wing. all politicians follow the money. she'll follow the money. if elizabeth warren got to be president, she would follow the money. i think mrs. obama should be president. i like her. she would follow the money too. everybody follows the money. that's what life is about. >> the message that we're getting loud and clear is that don't believe what you see or ignore what's in front of you because she is not that left wing. she is not that anti-business. she is not that anti-

emily: martin fink, hp cto and labs director. thanks so much for sharing your vision.o have you with us. that does it for this special edition of "bloomberg west." more las vegas tomorrow. we will bring you my conversation with hp ceo meg whitman and see you again 1:30 p.m. pacific tomorrow. meg whitman with us tomorrow. ♪ announcer: the following is a paid advertisement for the revolutionary 21 day fit brought to you by beach body. tom: hello there, i'm tom bergeron. this show is about transforming how you look and feel starting now. announcer: are you struggling because you're trying to lose weight? >>

in mexico, the pop tarp tried to use a drone to videotape himself with the crowd but he sliced his fink her he grabbed it on stage. watch quickly ban averaging his hands he went right back on stage even paint add heart on his shirt, with the blood. that's little morbid. >> what a trooper went back on stage finished his show up. >> show must go on. lesson don't grab a drone in the air. helping people. thanks. >> to talk i talking about some storms. >> interesting word segment guys. >> it was. >> yes baby kardashian and bloody end rick a very interestingment thank you for that. >> good morning. >> good morning, happen mine day, folks. right now nothing falling in the way of precipitation outside whitfield elementary school. one place where you don't have wet weather sheen the pavement here. west lawn, pa, definately soaking rain pounding down right now east of philadelphia especially through gloucester, camden, salem county i also out toward the immediate shore line, ocean county here right now, severe weather threat today only at the marginal risk, that's the lowest of the totem pole. do

joining us this morning, dan fitzpatrick, president of citizens bank with susan fink.o good to have both of you here. dan, i wanted to start off talking to you about the events happening next saturday with the phillies and the tie-in with phil-abundance. >> everyone is celebrating, it's hot outside, everyone is going to the pool. but the reality is a million people in our area face food insecurity mostly children. most get two meals a day from school so when you're out of school it's more of an acute problem. we have the philadelphia phillies which help. bringing them in partnership with phil abundance. next saturday if you buy tickets online, $8 ticket price will go to buy 16 meals for families as well as theirs pins that you can buy that -- for $5 which provide lots of meals to families. also bring canned goods, good foods to ballpark citizens ballpark. >> there's so many ways to help there. i want to ask you because dan said bringing food into the game in addition to money for the tickets going to help. how do you then get the food people are going to bring that day

they didn't fink it in time for the 1876 celebration. it's dedicated as a national monument. kimberly: the construction of a tawerring rowhouse came to a halt when inspectors determined it was in violation of the building codes. neighborhoods complain the pop sup an eyesore. as mike conneen report some worry it might even be leaning to one side. mike: on june 4 they issued a stop work order near new jersey and rhode island avenue northwest. >> made it even with the other building, that would be great. mike: many shaw residents call it hideous, ugly and out of place. they are concerned and worry the pop-up might lean left on the neighborhood blog, it's referred to as the leaning tower of shaw. >> it does look like it's leaning a little bit. mike: according to dcra the inspectors say it's not leaning but believe the exterior weather gives it that appearance but it did issue a stop work order. the dcra noticed unsafe structure, the wall not supported properly. >> once they finish it it will be fine. >> this long-time resident says he knows the property owner and he expects more

on strokes, for every hour that passes 120 million brain cells die, to memorize the signs of stroke finkails droop be. a for arm weakness, s for speech difficulties and t for time. goat to a stroke center as as soon as possible. >>> here's what's happening in and around the delaware and lehigh valleys. first up, celebrating all things blue berry in browns mill new jersey the 32nd annual blue berry festival is happening. it's considered one of the finest old fashioned vest val also in the tri state region. it includes live music and artists and dozens of children's activities and so much more. go hog wild at piggy palooza from 11:30 to 10:00 p.m. proceeds promote domesticated pigs as pets. >>> wawa welcome america neighbors and city volunteers will be painting park benches and bleempers there -- owe bleachers there will be lots of music and other activities. this is one of the events leading up to the phillies fourth of july jam. yeah, i'm married. does it matter? you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really

this town putting their own videos on twitter last night just after 9:00 o'clock when this thirst fink was reported. right in prime time when everybody is usually wide awake and able to see everything and get out if they were in that building at all but no injuries and no real big damage here on the ground at least the building is intact, at least from the outside. that is the scene right now big flames, but not such a big story after all. >> all right. that is good news. steve keeley, thanks very much. >>> police say a group of of home invasion suspects knew what they were going after when they targeted a a house in mapel township. the family owns a bar. police say four men hit the home on old cedar road just after 1:00. the family was roughed up jewelry and money was stolen from the men took off. police officers spotted the getaway car ten blocks away. they tried to get on foot but three of them were caught. >> i don't know whether they were filled there today or their previous employees or whether they were followed there before, but we will hopefully ascertain that as the investiga

how is this for a panel, carl icahn, and larry fink going head to head on activism.are outspoken on the topic, they are sure to be once again, it is july 15th, i cannot wait to moderate that conversation. go to deliveringalpha.com for ticket information. >>> let's look at the s&p 500 sector heat map. are we to this jobs number, better than expected, plus 280,000. the s&p is down five, energy and financials remain in the green. >>> coming up, we could have the first triple crown winner since '78 tomorrow at the belmont. we sent josh brown to do some due diligence ahead of the big race, we're talking horse sense with josh and thoroughbred investing with kenny ticketer of wheels up. here at the td ameritrade trader group, they work all the time. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did y

. >> fink you checked you will -- i think if you check you will find more than one have said that. >>ose: the iran nuclear negotiations -- >> iran must not get nuclear weapons. it would undermine the nuclear nonproliferation regime. >> rose: which they agreed to. it would be a direct threat to israel. there are two ways to accomplish that, by gorings negotiation or war. it makes plain common sense to try to negotiate an outcome before you resort to war. >> rose: everybody knows that but -- >> charlie, you say everybody knows that but a substantial portion of the president's critics in the congress and prime minister netanyahu are negotiations. >> rose: there are people who agree to negotiations, it's the terms of the deal. they're not against the process of negotiations they're against the terms of the deal. >> they were against negotiation before an interim agreement outlining the terms they're opposed to the negotiations now because they say the terms will be unacceptable. that's the reality. that's on the record, with many, many saying that of the president's critics. >> rose: many

i'll be moderating a discussion between larry fink of blackrock and carl icahn.ingalpha.com for all of the information and to check out your tickets for what promises to be a very interesting event. back after this. part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? the 2015 gla. it's 100% mercedes-benz. as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business. we've always been] at the forefrontumman, of advanced electronics. providing technology to get more detail... ♪ detect hidden threats... ♪ see the whole picture... ♪ process critical

no, no larry fink and lloyd blankfein-- the last person they want to run martin o'malley stole a linesaid it point blank. do you want to elect the candidates that are supported by the ceo of goldman sachs? that's jeb bush and hillary clinton. and i'm paraphrasing, but he mentioned the ceo of goldman sachs, that's the last thing. lloyd blankfein doesn't want to be in the news anymore. he got the you know what kicked out of him back in 2009 2010 following the financial crisis and goldman sachs was the poster child for all that's wrong on wall street. and they've been out of the news and they're back in it because martin o'malleys and the liberals progressive left are going to make wall street a campaign theme. i don't think they want-- they're waiting for him to get in, as a matter of fact that speech will probably force them to give even more money to hillary. stuart: she'll get the money eventually. >> from them. i don't think she's asked yet. stuart: we call them misses wall street and i think that's accurate. and we were up and now we're down. the nice manufacturing report at the to

in the late 80's when blackstone was first getting started, steve schwarzman met a guy named larry finkas a successful mortgage trader. schwartzman said come work with me. they had a fairly bitter corporate divorce. black rock went on its way and over the subsequent 20 years or so, these firms became the dominant firms and their respective industries. stephanie: it was not like they were doing the same things. blackstone's competition was kkr. black rock's was fidelity. jason: when you're thinking about this issue, we did think about blackstone versus kkr or something like that. the interesting thing in private equity is that blackstone has put a lot of distance between them and their traditionsal alternative rivals. as they have gotten bigger they're looking at new pools of money, especially retail investors. matt: you look at this chart and you can see that blackrock, as far as total assets under management, destroys blackstone. $4.8 trillion to $310 billion. blackstone actually makes more money in profits. jason: on the same basis, about a billion dollars more per year. when you look

here, put your fink nerve my coffee.it. >> my goodness. >> all right. >> oh, that's good. >> do you think could you drink it just black though? >> no, i've had one zip of black coffee in my whole life, probably when i was nine years old from my dad. i hated it. and it never again, never again, black coffee. all right, it is 8:42, already forgot what jen doing. oh, still talking about movies? >> i think still talking about move ills. she will become a spy, mike. >> here's my new spy thing, i'll bring it down to you, by the way, my enemy, oddly enough, something were you just talking about. >> mike jerrick? >> what? >> more than that. come on back. ♪ there we go. ♪ lease an mkz for $289 a month, plus competitive owners and lessees get $500 bonus cash, only at your lincoln dealer. dunkin' has a dark roast coffee that's deliciously roasted just right for a bold start and smooth finish that's never bitter. put down the dark roast you've been putting up with and reach for the one you deserve. >> great nap taking temperature ye

that is actually the words of larry fink the head of blackrock, earlier this morning at the same conferencete of international be finance or iif here in new york. it could ultimately be a threat to the financial system and to the economy. weber said regulators need to take another look at this. with the bond market heating up in the last few days around the world, really those liquidity fears are top of mind. >> sara thank you so much. let's talk about the financial system from a participant himself, kevin cummings joins us ceo of investors bank. >> good to be here. >> when you hear axle weber and other weighing in about frozen markets, what does that make you think about? >> the interest rate risk is one of our biggest esgest risks of a regional back. but having a flat yield curve is dangerous to our net interest income. >> what does it do to you guys exactly? if that doesn't move even if the fed raises rates, the curve might even get flatter. >> exactly. and that will cause some pain. on the other side the uncertainty, we've budgeted for the last two years on rate increase in the third an

. >> what do you make of larry fink's argument about activist? so much of it is short-term. says we are not doing that. here is why we are not doing it. make your investors aware of the rational and the reason you are saying, we are not going to do that. we are going to sell short. i'm a long-term investor. i completely agree with larry. this is where you have to put up or shut up. >> my point about, no two situations are the same andrew. if you look at dupont, eemi'm a dupont shareholder. nelson's other nominee for that board was the former chairman of gm investments. he is a very good man. >> gentlemen, it has been a pleasure having you both here today. i always love it. please, come back soon. dick, ken, we really appreciate it. >> always fun. >> it is always informative. >> love having you here. >> tune in to power lunch. in the afternoon. >> that does it for us. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good thursday morning. welcome to "squawk on the street." i'm carl qintanilla with jim cramer and. the dow's biggest drop in the mo