herbalife is a-- pyramid scheme.e found that the ceo reducing his stake in the company by 12% over nearly a year did not raise suspicions. the judges throughout a version of the complaint in march. chevron will eliminate 1500 jobs, little over 2% of its workforce. oil producers have accounted for of the job cuts since oil started plunging last year. service providers and drillers have been the hardest hit. betty: remnants of winter are still around in buffalo. 10 feet high snow piles are still melting in vacant lots. -- dorews placed the snow we not have video of it now? a blizzard dumps seven feet of snow over the city. we don't want to be alarming people that there are snowplows in buffalo. it is still there, apparently. bloomberg: i'm afraid. --are half an hour into that thanks. appreciate that. betty: much more ahead on the bloomberg market day. companies spending in washington. mark: a fresh look at the debate on diet after the break. ♪ mark: well-connected back to the bloomberg market day. i'm mark crumpton, he

julie hyman is keeping tabs on herbalife.ulie: some headlines came out regarding a court case, a lawsuit against the company that claimed herbalife was a pyramid scheme. this is an allegation that has been out for quite some time. most notably put forward by bill ackman. you can see it turned around today. a court throwing out that lawsuit that had been filed by the oklahoma firefighters pension and retirement system. that is causing a spike in that stock. going decidedly in the other direction, twitter shares after the company came out with earnings. the commentary on the conference call. take a look at my terminal. we see the trajectory over the past couple of days. this is the after hours yesterday, just after 4:00. twitter jumped to 41 post earnings. the conference call started about an hour later. jack dorsey said new products are not helping user growth. right after that, we heard from the cfo who said when we see meaningful pickup and monthly it will reach the mass market area those comments coming close on top of each

if federal judge in los angeles dismissing a lawsuit claiming herbalife is a pyramid scheme.ys the pension and retirement system did not prove they defrauded shareholders by concealing the company's inability to track retail sales. reducing hisceo stake in the company by 12% over a year did not raise suspicions. the judge throughout the complaint in march. fox is letting buddy -- letting everybody into the action. using the rules to let candidates with low poll numbers qualify. there will be two debates on august 6 in cleveland. one for the top 10 candidates and now, a second for the other six. that helps lindsey graham and carly fiorina. they would not have qualified under the old rule because they don't have 1%. cofounder wants to bring the procedure of the art world to seattle. they're coproducing the seattle art fair which begins tomorrow. $450 million of contemporary art will be for sale. they're hoping to attract wealthy techcrunch partners. -- tech entrepreneurs. coming up in the next half hour: the most expensive handbags out there. she wants to distance herself rmes

. >> herbalife to turn back to hillenbrand but the operation of the preparatory clause is best under context that requires asda matter of statutory law it makes said zero law if that is met it says one of the default procedures will apply and tell a state is redistrict did in the matter thereof. the necessary and logical corollary is once the state has banned free distracted those will be used as hard to believe it would expect anything different given the fact there legislating that is exactly what they would have done to distract the language of the 1911 act that first of all, the statutory language had the express purpose for the demand -- direct democracy procedures --. >> to be one thing if congress passed a law that up portion of congressional districts in any matter consistent with the state. that is not what this says. the statute may have been enacted of that assumption but it is not on the way to implement that it is just the assumption. >> and with the backdrop it interprets the same statutory language with the 1911 act to provide that direct democracy procedures. as they

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. >>> herbalife is seeking to find a twitter user who posted negative comments about the company.ieves, pill pushing frauds and bullies. >>> deal news. home depot is buying intraline brands. home depot says it will update guidance to include the transaction. >> new york state's fast food wage board is recommended to raise the wage. the commissioner is expected to approve it. kate rogers joins this on what it could mean for eateries around the big apple. >> a $15 an hour recommendation from the board would be a significant win for the ongoing fight for $15 an hour within the fast food industry. it's also a unique case in that the recommendation would be strictly for one industry in the state. new york currently the minimum wage in the state is $8.75 an hour. it's set to hit $9 an hour by the end of the year. the labor commissioner is expected to improve today's recommendation. but big questions remain here. chiefly how the fast food industry will be defined. there are reports out there saying this would apply to both national chains and local chains within the city. now, the franch