in twenty fifteen make end up the worst performing ever in the history of auto loan securitizations fitch warned so those with a twenty fifteen vintage subprime auto loans fitch rates these as experienced cumulative net losses projected to reach fifteen percent yeah the vintage twenty fifteen some prime auto loans taste great with some bailout money from long term capital management from one thousand nine hundred ninety thousand but that together with a nice bottle of beaujolais from chernobyl and you've got yourself a fantastic meal for robots ghosts and other retro baits hey you know this is amazing that actually the sub prime auto loan market exists that another word what this means that people who have no income no assets and probably don't even have a driver's license can go into a car dealership and they'll arrange financing for purchase of a car and to simply appease the big three car on a manufacturer's in the global car industry.

in twenty fifteen make end up the worst performing ever in the history of auto loan securitizations fitch warned so those with a twenty fifteen vintage subprime auto loans fitch rates these as experienced cumulative net losses projected to reach fifteen percent yeah the vintage twenty fifteen some prime auto loans taste great with some bailout money from long term capital management from one thousand nine hundred ninety thousand but that together with a nice bottle of beaujolais from chernobyl and you've got yourself a fantastic meal for robots ghosts and other retro baits hey you know this is amazing that actually the sub prime auto loan market exists that another words what this means that people who have no income no assets and probably don't even have a driver's license can go into a car dealership and they'll arrange financing for purchase of a car and to simply appease the big three car on manufacturers and the global car industry with sales even though the underlying economy does not support that amount of sales in the sears because of your mind spinning it's actually institutional

there is a lot of finger pointing.jeff fitch, usps inspector. if they are stealing mail, it is a federal crime, punishable by 5 years and 250,000 fine.jeff fitch with the us postal service says they are aware of the situation and have inspectors on the case.fitch. we have seen an increase in mail theft in hayward, union city and statewide.tasha desota, hayward pd "we have had some arrests. hayward police officer tasha desota says they understand the publics frustration - and encourage residents to keep sending videos to them. often times, they know the suspects and can make an arrest. postal inspector fitch says calling them is also key so they can get the video evidence and crack down on these bold thieves.peggy. we just want it to stop. in hayward, terisa estacio (vicki) a big story we're tracking. a san jose swim coach is arrested for sending inappropriate texts messages to members on the team. tonight police are urging for more victims to come forward. three victims have been identified . initially those text messages were about swimming but

fitch earlier this year lowered its outlook on the sector but left ratings unchanged.with they get downgrade. —— with their downgrade. the only way they could be an upgrade is if they see a period of relative stability when household debt doesn't increase much further from current levels. this gives the household a chance to reduce their leveraged and when the mortgage is start to perform, this is a benefit to the banks. it won't happen overnight. maybe several years before this could turn around. the paris airshow, which is taking place this week, is best known as an aerospace industryjamboree — dominated by the multi—billion dollar deals announced by the big beasts of the sector. but smaller companies are there too. and some of them have rather imaginative ideas — which just might take flight. 0ur reporter theo leggett has been taking a look at one gadget which promises to help car drivers rise above the trafficjams. here we are at the paris airshow and an sitting in a car but notjust any car. let's look at this one. it is rather special. quite cramped and there is a

if you're going to the coliseum after a huge sweep of the yankees, 7:05 first fitch. 76, dropping down to 69. good luck, a's. here's sue. >> let's take a look outside. we've got some green sensors for the most part. we do have some slowing out of the central valley with speeds of about 35 miles per hour slowing things into the dublin, pleasanton area. one problem spot right near sfo northbound 101 near 380. a car blocking the middle lane. appare apparently, a tire blown out. i'm not seeing a lot of slow traffic in here, but just be aware it is there, and we'll take a look at some of the drive times if you're heading out right now. moderate tracy into dublin, 38 minutes. highway four westbound traveling to concord, looking good. westbound from antioch and into san francisco from marin county, no delays there. had some debris near the robin williams tunnel. that has been since cleared out so you're looking pretty good all the way into san francisco. >> sue, thank you. >> researchers in new york are gearing up for a project so ambitious it's being called the human project. 10,000 new york

fitch revising volkswagen's outlook to stable from negative with a rating at triple b plus.hose shares up 2.3% in u.s. trading. anna: let's check in on the bloomberg first word news this afternoon. mark house speaker:" -- mark: how speaker complement -- the house speaker paul ryan is confident that the senate majority leader will pass the senate health care bill. >> i very confident in mitch mcconnell even with this raises the majority. i don't know what day, but i've every expectation that the senate will move this bill. mark: senate leaders are trying to rescue the legislation. there are not enough for pumpkin votes for it to pass. a cyber attack is spreading across europe today, hitting dozens of companies and some government agencies. in russia80 companies and ukraine were struck by a virus that disabled computers and told users to pay $300 in crypto currency to unlock them. russia's largest company was affected. syria and russia have dismissed white house allegations that they are preparing another chemical weapons attack. they are warning the syrian president that they

he was voted "most likely to have been created in a lab in the back of an abercrombie & fitch." [ laughtere ] next up is conor sheary for the penguins. he was voted "most likely to walk up to the bar with a fake i.d. and say, one alcohol, please." [ laughter and applause ] here's brad hunt for nashville. he was voted "most likely to tip his head back and have a a giant pez come out of his neck." [ laughter and applause ] next up from the penguins is carl hagelin. he was voted "most likely to say you are what you eat, and then eat a picture of macaulay culkin and draco malfoy." [ laughter and applause ] >> steve: wow. >> jimmy: next up from nashville is ryan ellis. he was voted "warmest neck." [ laughter ] warmest -- warmest neck. >> steve: warmest neck. he won the award. >> jimmy: here's nashville center vernon fiddler. he was voted "most likely to be the guy at the bar who says, you know, they used to be able to smoke in here." [ laughter and applause ] "those were the days." next up is jake guentzel for pittsburgh. he was voted "most likely to play beavis in the broadway adaptation of be

justin fitch is live where this is an active investigation. >> reporter: chris, good morning. active, indeed. good morning. all morning we've seen fbi agents trained on two scenes, the baseball field and ymca parking lot where the white van tied to the shooting suspect was found and still stands at this hour. the white van with the illinois plates appears to have been home for the suspected shooter here, james hodgkinson, age 66 from bellville, illinois. federal investigators believe he possibly lived out of the van for the past several months. inside they found a mattress, items proving that van will be critical in the investigation. now, on the other side of that lot is citizen field where the baseball diamond is and we've seen fbi investigators on that scene all morning. also, on the grounds there, bags and other gear still there from yesterday's shooting. now over there, as well, hodgkinson we know exchanged gunfire with the capitol hill police officers and of course, he did injure five people and he himself died of injuries that he sustained. back out live looking again a

fitch gerald and their families. thank you to the japanese allies for their assistance. lucas is following the developments and has a new information. what is the status of the search for the missing people? >> good evening. the u.s. fitzgerald is back in port. the missing seven sailors could have been trapped in the compartments that flooded and were unable to escape. after 700-foot cargo ship which was heading into port turned around for some reason before the warships right side. flooding compartments were dozens of sailors were sleeping at 2:30 a.m. local time on saturday. the auxiliary space was also flooded. the commanding officer statement damaged with him inside. one of he was one of three crewmembers airlifted off the shift. the warships crews worked in the dark for many hours to prevent the ship from sinking. >> it is been a tough day for the navy family. it's hard to imagine what the crew has had to endure. i'm extremely proud of their courage and dedication. we still have an active search and rescue for the scene shipmates. keep them in your thoughts and pray

the managing director of ratings agency fitch. "surveillance" continues.om are here, talking to the university of oxford's george maintenance. this is bloomberg. ♪ tom: when the facts change and deutsche bank changes. carney and draghi consider better politics in europe. again, austerity. the chancellor battles over brexit. and a senator mcconnell does not have the votes and delays until after the fourth of july, when the colonies celebrate leaving heathrow, and the other things we do in america. i'm tom keene. the fourth of july is upon us, guy. there is massive turmoil in the markets. am i right? it was within the conservatives in london as well. the marketsthink if don't like things to be out of kilter, they will not like what is in front of them now, both in terms of the changing narrative with the central bank, but politics in the u.k. it is european politics that seems to be providing stability. tom: doing better with this major call from deutsche bank. let's get to that first word news from new york. reporter: prime minister theresa may faces the fi

the building is at one john fitch way in trenton.building had to be shut off and of course without that the air conditioner wouldn't run so the 1,000 folks who work there were sent home. no word if the repairs will be fixed by tomorrow. >> all right. speaking of folks trying to get home let's get a check of our "action news" traffic center for your monday night. >> over to matt pelman to see what's rolling. hey, matt. >> they're trying and and in some wet condition also. it's slippery out there for sure and unfortunately a week overturned in cheltenham township route 309 northbound by easton road they just got the vehicle back on its wheels which is good news but they have the right lane blocked as you come northbound in cheltenham township. broken down vehicle near university is cleared out of the way but still just 5 miles per hour in stretch. slow go as you head towards the as i understand. in delco still have that downed tree blocking rose industry -- tree road. stay on the route one media bypass. rid of a crash in maple shade wh

fitch came up with a so-called loans of concern list.m, sears, claire stores, nine west holding and j. crew. back over to you. >> thanks so much. >>> teens looking for a job at mcdonald's will find applying this summer much different. they plan to hire 250,000 employees this season using the popular social media app snapchat in an attempt to appeal to younger applicants. starting today they'll experience video ads that lead to a mcdonald's career page within the app. once there, they can apply for jobs at their local restaurant. the company said more than half of the hires in its company-owned restaurants are between the ages of 16 to 24 years old. >>> and check out smirnoff's late es ad campaign. the vodka brand proudly proclaims despite its name it's made in america but we'd be happy to talk about our ties to russia under oath. it's a play on the president's recent comments he would testify under oath about his conversations with james comey. the smirnoff family fled to the united states during the russian revolution of 1917. >> clever

. >> rose: next is oracle, 62 to 65, rauschenberg with toby fitch harold hodges, billy krueger and robertay moore. >> so here he is cab rating with a whole slew of engineers led by billy cluuver from bell labs, the it is an extraordinary collaboration with technicians, and most artists are afraid of technology but not rauschenberg he embraces it as part of the adventure of contemporary hive and each of those pieces is outfitted with am radios, he thought fm was too cultured, and it is connected by a wireless transition sorry circuitry so that is the cutting edge of technology in that moment of time, the building blocks of our own digital age. >> rose: next is nabisco shredded wheat, something i used to eat at breakfast all the time. >> it is our -- this is a moment after he leaves new york and he pose to captiva and using just ordinary boxes, the boxes that were sent to him, the kinds of things you could find easily, materials of what he said were softness and waste and he would make very simple interventions to create a work like this, and it is also something that is looking at a younge

experienced serious growth, churning out custom fixtures for such big-name clients like abercrombie & fitch, chanel, and universal studios. larry: take it to disney. lemonis: but a recent drop in revenue has drawn larry into a vicious circle. jason: high-low is officially dead. larry: oh, no. lemonis: anxious to control costs, he's cut much of his staff, hampering operations and putting even more pressure on the business. larry: we've been waiting a couple of weeks for this. lemonis: i'm excited about this opportunity, because let's face it -- everybody needs a light. and despite its troubles, vision quest has a reputation for innovative designs. larry: this is stainless-steel wire with fiber optic that's strapped to it. lemonis: i'm confident i can help larry find the light at the end of the tunnel and emerge stronger than ever. -hello. -maria: hi. how are you? lemonis: good morning. i'm marcus. maria: i'm maria. nice to meet you. -lemonis: how are you? -maria: i'm very well. lemonis: the owner is larry? maria: the owner is larry. lemonis: is larry here? maria: yes, he's here. i'll get him

julia: fitch downgraded them to , and the s&p, after the finance minister was fired this year. perspective on where they stand. the fda isng up, asking a pharmaceutical firm to pull a product because of abuse. we will look at the move and what it means for the wider context of the u.s. opioid epidemic. from new york, this is bloomberg. ♪ scarlet: it is time for the bloomberg business flash, a look at some of the biggest stories in the news right now. tesla has put another big carmaker in its rearview. it now ranks as the fourth most valuable automatic -- automobile manufacturer. cap beat out u.s. rivals gm and ford in april. itses spiking today boosted market cap to $61.6 billion after elon musk confirm production of the model 3 was on time. today, musk tweeted he created tesla because big auto companies tried to kill the electric car. deutsche bank will not comply with the request by democratic lawmakers to hand over information on its relationship with president trump or trades bank's moscow operations. lawyers say the lender is required by law to maintain confidentiality of

there's been grade fitching an fraud for aetions rates. and has been pressure on schools to graduate students who may be aren't prepared graduate. and now, certain members of the prince george county school board and local lawmakers are demanding the truth. .ove governor hogan says it's state board of education that can help find it. >> i hope that one will be. because you know a lot of people are demanding answers and we think that we need to get to the bottom of it where ft. issues, derpz are true then it's a sear quus problem. either way we want to get to the pact to get as quickly as. >> there was a previous nest an that may begin here today in on top of the story, of co course. >> thanks very much, mob, count on it. >> developing over feast a stern warning from the ounce and syrian president is planning to carry out a new chemical weapons attack and as identified potential preparations that would likely result in mass murder. in respoken the trump administration issued a warning saying "if mr. asant cop district another mass murder at

launched -- in -- in england over a year ago america last few weeks account of fabulous history of fitche spirit atmosphere of some best issues last 300 years very proud of this already sales super encouraging. >> goes back to tradition of when americans appreciate enenglish tea, tea sandwiches some traditional recipes. >> completely -- i think the world's lusting for authentic stories people want to know the real deal learn about right type of teas right time of day what goes with it. >> teas -- vary in the united states you also felt champagne pops, innovative for summer you didn't bring any -- tell us about them. >> -- don't think would survivor they are -- made with whole glass of the champagne, and been retailing in our store uk, lots of festivals events, and people just love them. dagen: i wanted to -- big changes in britain past year particularly in terms of of the vote to exit european union, any impact at all on consumer attitudes confidence in business. >> i think for specifically fortnum no, we are going to survive this one as well. i think that what we do such a deep sense of

macy's, abercrombie and fitch, l brands, look at j.c. penney in the $4 range.own again. talk about retail ice age. and the name of the third terrorist of the london attack has been released. he was prevented from boarding a flight from italy to istanbul last year. so he was on the radar. isis propaganda was found on his phone. this is according to italian officials. however, until now, there was not enough ed to press formal charges against him. our next guest says these attackers are using religiousrt of enhanced interrogation. he's the man who water boarded three 9/11 suspects. and he joins us now. james mitchell, welcome to the program. >> thanks for having me. stuart: you've gone face to orks that would be required to pull off terror attacks without ever breaking any of our laws. stuart: it seems he was arguing and stating his position in a way which makes us want to keep islamic terrorists and generally muslim recruit them into a terrorist organization because it's not like they have to introduce new ideas. the ideas are already there. there actually is a