growth is up, unemployment is down, it is hard to see what the economic problem is.pening is a settling down to the issue of immigration. immigration is a clear area where the u.k. government does not have full control over the movement of labor from the rest of the eu. this is something you cannot fix with economic argument. foreign leaders cannot impact that call. tom: i think you get to the heart of the matter. is it economic, which i doubt, or political, far more. i cannot remember this quote on a friday, but the issue is that it is a political debate wrapped around the movement of the people. what should be the response from brussels as we stagger to the end of june? andn: i think brussels, other eu governments in the eu commission, i imagine will try to make sure nothing happens between now and then that could act as an additional spur to brexit. the big worry is whether there is anew push of immigration out of turkey. if that deal were to collapse, even though britain is outside those people cannot come to the u.k., the loss of control in the rest of the eu ov

that is a donald trump is. charlie: that is who he is and who he means to be.: and he loves to cut deals. whether he can cut a deal in washington, who knows? that is why paul ryan is so uncomfortable. ryan grew up in the conservative movement. he senses he is not one of the troops, not someone who thinks about reagan and jack kemp. charlie: bob costa, thank you for joining us. always a pleasure. bob: thank you. ♪ charlie: the newest production of "a streetcar named desire" transports the play to the 21st century and finds the cast performing on a transparent, revolving set. "the new york times" calls this version a wounding picture of communal loss. that takes place in brooklyn's saint ann's warehouse. joining me is the cast. i am pleased to have each of them at the table. welcome. how do you approach this, this character that a number of actors have, especially marlon brando? ben: i suppose it is about an act of forgetting. it was marked by kazan, by brando. it cast such a long shadow. benedict andrews, our director, said he wanted to explore the material in a

and it is come plit kate and he is in there because it is is complicate aicated and somethin he doesn'tnot a vote driver. >> and if you are under audit, there are some years outside of the audit that might be released -- >> if there are, they are meaningless, because they are so far back, but at the right time, i will release them. i hope to release them. i'd like to release them, but when i am under audit, i can't do that. >> and the irs says nothing prevents the individuals from sharing their own tax information and that is not a correct answer, right? so, this audit excuse does not hold water does it, maria? >> no, and it is actually a presidential candidate nixon who released it while he was being audited and it is not something that the irs says you can't do, and it is absolutely completely up to him. >> but i have to say though that it is the perfect argument for him, and say that there is something wrong in the taxes that he did not anticipate, and it happens to a lot of ous, americans, because by his own admission he said that the tax code is complicated and he said, listen, thi

that is a market that is stabilized. up a basis point.avid: let's check in with our bloomberg team. mike mckee in new york on a possible summer rate hike. we will look at goldman sachs to annual meeting -- we will look at goldman's annual meeting. we will begin in paris with egyptair bound to cairo -- bound for cairo from paris. it seems that debris has been found. yesterday, there was a report that it had been found from the greek navy. not from theat was flight. the egyptian army has come out with an official statement says -- saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. they found passenger items and bits of the plane. i don't know how long it will be before they can get to a laboratory where they can detest. it is pretty obvious from the to pre--- it is not obvious if it was a bomb are not. that will soon be the next development. was certainly a tragedy, but it is not lost on people that the plane originated from paris. what is the reac

similarly, infant mortality is obviously very important, but one reason why it is important is it is more general marker for child health. the same things that reduce infant mortality are the same things that will increase people's health in the long term, and help your people will have higher earnings, so this projection is projecting that earnings would also increase in the same places that had the biggest decreases in infant mortality. now, moving a little bit from the u.s. to the rest of the world, this figure is just showing particulates for one u.s. city, pittsburgh, where we have data over a long period of time, and we all know the air to be really bad in pittsburgh, but it has really improved over time, and showing by way of comparison, numbers for the same particulate matter of pollution for mexico and for china. and see things have also been actually,in china, but they started at a much higher level, so people were being exposed to really bad air. so, again, anything that affects pollution and also affect climate change would be a win -win in that it would have both short a

real is touching a ray. amazing is moving like one. real is making new friends.se. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real and amazing live. seaworld. real. amazing . >> wellcome back, i'm eamon javers and where president obama has received a briefing on the zika virus from the oval office, and take a look at the tape and listen to president. >> are we all set? >> well, i had an opportunity to get a full briefing from secretary burwell are from the director and frieden and tony foucher from the cdc about the zika virus, and give people a quick update where we are. and it has been explained repeatedly, but i want to explain that e zika ist not like ebola and not a human to human transmission with the one exception that we will talk about, but it is primarily transmitted through mosquitos, and a particular type of mosquito, but what we do know is that if you contract zika, and even if you don't appear to have significant symptoms, it is possible for e zika to cause birth defects including micro - m

he is saying she is crooked. moderator of the debate will obviously ask is this person across from you crooked? you can't avoid it, can you? gabe? >> he framed it and did an effective job. you saw what he did to the other republican candidates. he is a master about framing the debates on favorable terms to him. >> if hillary takes a shot with his bad language against women they're putting in the ads. all over the place reminding things the awful things he said about women's looks and the negatives and they throw in, and then he will throw back bill. we can almost script this thing. he will throw bill in her face. >> look for trump to revive all of the issues that surrounded the clinton family in the 1990s. things that haven't been revived in the national conversation for over a decade. trump is looking through the files. he has a stack of papers on his desk. he thinks the 90s is fair game and he used to be friends with bill clinton but now with the former president, he is going right at him. >> bill and hillary w

it is not false that there is an accusation.rump is not so careful as to say a legend rape. -- say a legend rape. -- say alleged rape. the interview -- bill clinton is not running for president. hillary clinton is. although trump will try to tie them together, i don't think this is an issue that is going to help him with women. nicole: i agree and i think trump needs to be cautious in this area. if i were to give him any kind of advice it would be to narrow the argument. the argument that he wants to make for hillary clinton is that she participated in making the women part of this target. she focused her ire on monica lewinsky. she participated in objective fighting --objectifying the women that you could argue were victims of his sexual appetite. i think trump has engaged in this line of attack but if he is going to keep it up, it needs to be narrowed from his campaign. when we talk about sex, you have to be more specific. you need to be more specific. that is where we are in this bizarre race of 2016. up next, chaos breaks ou

is is inincredible. >> active investing as a whole is certain to lead to average results. >> is active investment still possible? >> and there s a >>> all right. we are back on the "halftime report" apple ceo tim cook speaking out to cnbc's jim cramer say tag the street has it all wrong as the stock is seeing the worst losing streak in almost 18 years. >> i think it is a huge overreaction. and look, we had, actually incredible quarter by absolute standards and $50 billion in revenues and $10 billion in profits, and to put it in perspective, the $10 billion is more than any company make, and so it is a good quarter, and not up to the the street's ek -- expectations clearly. >> and what do you make of tim cook telling mr. jim cramer? is the street getting it wrong? >> no, because they are look g fing for the growth opportunity in the near term and not seeing it. no visibility on it. is the street going to get it wrong longer term? yes, they are, and that is why there is a name that you want to own and not trade around it. and can it fall behind 90? yes, absolutely. it is my mantra as wel

and that is what is needed. ivo: i think that is right. let me, before opening it to the floor, let me focus on the united states. and so, we argued in the report that the absence of the united states and britain at the negotiating table in ukraine was unfortunate. we don't say it in the report, but clearly it was the intent of those pushing it, because of the 1994 memorandum with the united states, britain, and russia , and ukraine signed when nuclear weapons were removed from ukraine. that although there was not a level security guarantee, the absence of 2 of the 4 signatories sent the wrong signal. also because the united states has generally been a part of any discussion on the future of european security. you heard why the u.s., an argument for the u.s., to take a stronger leadership role. let me pose the question, that these are problems that europe needs to lead on because they are european security problems. the united states is not and should not be uninterested in european security, but there is a dilemma. if the united states ta

is ok.py summer seems to be quite a high risk. david: given that fine line, is there much of a difference between a dovish rise and a hawkish hold? kit: no, not that much. wood of the things that you feel is what the markets do not want is a shock. as long as we are prepped for whatever happens, it does not make much difference. there is a geek feature that if i look at the euro dollar , it tracks real 10 year yield differentials much more closely today than the short-term differentials it used to. i would throw the question back to america and say, is there much difference from what happens to 10-30 year treasury yields or even real yields between a hawkish hold the dovish hike? probably not much. the uncertainty comes from elsewhere. does any move caused turmoil to return in chinese exchange rates, equity markets, and so want? that is the harder question. vonnie: one area where traders are having fun is brexit turmoil. the pounds volatility against the dollar is at a high level. the highes

it is not the concept is wrong.e is once they did in terms of inflationary forces going forward, they lose their independence. they are under attack from central banks from the right and the left on their independence. that is a real issue. that this would be their last independent fact. tom: this is a german two-year chart. we can show denmark or japan as well. part of your charm is you are from chicago. from theip codes away fear and gloom of big city crisis. what do you see in chicago? >> we are not doing terrific. we are trying to catch up. deal with a lot of ceos now and one of the things we are seeing instead of realization that it is not just what they are doing -- you would have thought the crisis would set it into them. they are worried about geopolitical. what does this presidential election mean for them? those policyen, issues matter to them. thesehe idea of mixing themes in with economics, finance, and international top of thatnd on quiet nominal gdp as well. we will continue with diane swonk. is -- of

>> well, it is not black and white, and it is a continuum, and apple is taking a baby step. if apple were to bring to market what is widely talked about a television service, that is a true subscription that the consumers are used to paying fo for, and that is a vehicle by which apple could start to bundle the hardware products around in a way that is compelling. so, yes, aspiration ally, they get to 100% as a service, and it is probably a pipe dream, but could apple get to 20% or 30% or 40% of the business over the next several years if it creates the bundles, and can add compelling services, i think that it is a realistic aspiration. >> toe -- toni, thank you very much. tony sacconaghi from bernstein. and so now to assess the stock on a daily basis, but to be in a position to reinvent the business model as you coined it. >> yes, and what worries me, and there is a good argument, and i got out of apple last september, and i am glad based on the balance sheet issues, but we had set this around the ecosphere of apple around the music and the content of the phones that they ha

it is not a problem in america. i feel the problem is with handguns. that is what is devastating.e still have a law that was put in, federal agencies cannot get data on gun violence. control,r for disease that law, in 94, is that still the books? still prohibited from doing research on gun safety. we would love to do that and we do not want them to ban all guns. that is not the purpose at all. cdc studies things like child safety on toys and pleasant controls and many other things, and a way to make it safer here it is part of the reason it comes back to things like child safety laws, things that do not interfere. interfere. the representative of virginia talking about atf and gun issues. thank you. coming up, what would foreign policy look like under a donald trump administration? our next guest has his concern. max boot will join us. ♪ classic campaign 2016 bus continues its travels to honor winners from the student count competition. the bus made a stop in new madeleinerecognize for her second prize video, when the house becomes a home theater she was honored in front of her cl

it is not about personalties it is about get thg job done. it is prev lij work wg you. still on prosac for 2 more years. i'm choked up but thank you very much for the opportunity and beautiful beautiful plaque, i appreciate it. >> thank you very much. [applause] >> alright. is string of being impressed. i'm going to tell the inturns a joke. the inturns found out they were doing this 48 hours ago and linda spoke without any knowledge what so ever. today we have 12 graduating student from san francisco state university from park and rec torism. you got to meet them very briefly right when they were beginning their internship. this is the 7th year the program which has seen 50 student par pis pate half went on to work for our department. we talk in our strategic plan focus on work force development and this is work force development and career pathways at work in this program. each year i'm amazed at the injewnuity and passion coming from the student in the program. there are they are certainly the recreation supervisor, analyst manager and general managers of tomorrow. i

[laughter] mark: i think it is the cursing. that is why it is called "wtf."would want peace of mind and a peabody. charlie: how about being rich? mark: i feel like i am earning an honest living, not a show business earning. i partner and i work hard on the podcast and we are earning from that and the thing on the tv that is not so huge that it is ridiculous. you know, i'm saving money. charlie: do you spend money? mark: i don't spend money. i live in a two-bedroom house. i just get inside he -- get anxiety from thinking about more bedrooms. charlie: are you in a good relationship? a painter.dating "maron" season four of errors this week. mark: i feel like i should say her name, sarah cain. charlie: sarah cain? like kane? c-a-i-n,ah cain, s-a-r-a-h. sarah cain. everyone is going to google her name. see you.it is great to we will be back after this. ♪ ♪ sara blakely is here, she is the founder of spanx. at market value is estimated 750 million dollars. she came up with the idea at 29 while selling fax machines door-to-door. she became one of the youngest female

it is not certain it is a great thing. it is certainly true that allows us more leeway on the central banking side than we would otherwise have. it is easier for us to borrow because central banks around the world want to hold reserves in dollars. but it is not clear when you look at fiscal properties that having it easy to borrow works out well for us. in some ways it creates bad habits that may in the end come back to bite us. that is a discussion for another day but i am concerned about the u.s. fiscal situation and the debt. first and foremost i praised the feds' response in 2008 but one of the most large failers was on the feds. they had the authority to crackdown on the mortgage market. the subprime mortgage market and other things that were clear in 2008 that lending spenders were a total force. in 2005 my dog was preapproved for a visa card with an $18,000 cred limit. if you are smoking in bed and you live in georgetown it is our problem and therefore there are layers of kinds of things we will try to do. we will s

people call it nine is is 11.olice confirmed it when they saw pictures of him and apparently he was going to turn himself in in contact with his family. in fact we are told that he borrowed somebody's cell phone to make a phone call and before the state police could get here and pick him up, for some reason he got spook and took off on foot and that picture you can see construction boots on, gray shorts, long sleeve gray sweat shirt and then he has a shoulder bag, gallon of water and some other materials that we don't know if it is clothing or a sleeping bag but he has been on the run for almost a full week since walking out of the bay side prison in ancora winslow town ship last tuesday morning. we still don't know how he got out and what the security situation here but for somehow getting loose and stealing a car in hammington driving to barnegat where he was spotted last week and then as far as they necessity beside stealing that car not committing any crimes but you somehow able to survive out here and when is

the eu is pretending. is that a fair a analysis? it is a missed a chance. if we look back to these days, decisionfrom now, t the of m merkel at 2005 4 2006 to tn away from turkey, to only s spek about this prprivileged papartnership, we will remembert as one of the crucial foreign-policy mistakes of her chancellorship. t: let's go back to turkey itself. the country is coming under pressure from the president. >> the presidential system is a request. to the systemse the country finds itself in. anyone who doesn't agree is going to pay the price. when the ousted prime minister grew to independent -- too independent, erdogan showed him the door and replaced him with a more loyal lieutenant. he has also taken a hard line with the opposition. opponents have been stripped of parliamentary immunity. erdogan use all kurdish politicians as terrorists. the turkish press is forced to remain silent. u up in court. is turkey on the road to dictatorship? host: is a question we have to talk about. you have been on the s show oftn have reflected on this. is he moving towar

angie: it is ok? >> it is ok.he people that keep wanting to bash the economy, china is like the whipping boy of the markets, because it either is going to fast, or slowly, or not growing enough, it has too much credit, too little credit, it is like beating up on germany for having a surplus, i do not know the problem. angie: the problem is the turnaround and waiting for the turnaround, but also the retail sales figures, which is supposed to be about the new economy >>. as where the industrial production figures. what we are suggesting is the fall off that one has seen for some months, that is beginning to stabilize. we found a bottom and he goes into an l for a wild. the market is very impatient. they constantly want to see something fantastic happen and that is not how economies work. angie: where are you putting your dollars? >> we are putting them into the u.s., cyclicals are very good and will continue to do better because of the stronger retail sales and it will start to come through. the economic clock is te

is being walked out. there is al sharpton. go is a thing. it is a thing a.m. the blue tuxedo is a thing. a thing and a fad. we will see if it lasts. there is michael kelly from house of cards. and another michael, a national star. i should say michael sena is huge in the wwe. -- i'm sorry, john sena. jenna fischer again. >> these are the arrivals for the 102nd annual white house correspondents dinner. accredited debt journalists. they are invited to -- accredited journalists are invited to this and they can bringing yes. -- guests. all nightl be live with the program. we will hear from the president and larry wilmore from entertainment. is wall street journal theident this year of correspondence's cessation. there will be some journalistic scholarships given. filetin course is petite duck con feet,p, confit. asparagus roasted pepper. >> it is an intimate dinner for about 8000. a lot of people. christ 30,000 square feet. is the longest in washington. feet is only an extra 7000 for this dining room. in this dining room. >> will they get the food on all they tabl

what i think that is really interesting is that it is moving us closer to that line where facebook iscknowledging that they have influence over us in very subtle ways. it sounds like they reiterated that today. did the knowledge that? did they say that they understood? >> they talked about trust. trust matters. disseminatest information that -- without editorializing. you don't want to identify it with one particular point of view. does it matter that they are -- it is kind of an interesting question. i believe that i could represent liberal point of view as well as conservative. it would be a good idea they had more different points of view in the room. zuckerberg andrk sheryl sandberg could use this as a major opportunity for this to be a forward leaning kind of company. >> there seems to be some tension here in that facebook is an independent organization and that the conservative party should say that the government should never interfere so what do you want from facebook? >> i don't know what i particularly want. they were asking my opinion. it's not that i was going to facebook

trump, there is a sense he is on your side. that is populist.o bring everyone together. i want to argue it would be good , and,e more mobility indeed, equality would follow. i call that socialist ends. the difference between the party is that trump's party once that wantnts that and the dems that. there are two ways to get there. one is by socialism and the other is by capitalism. we should get rid of the things preventing people. calvin is calling in from winston-salem, north carolina, independent line. caller: good morning. thank you for taking my call. when i hear the title of the cut -- "theay back, way back," it makes me think of how the country was founded. the exhortation of native americans. the african-americans who were brought here against their will. founded the capitalist system here. my point being that when i hear people talk about how trump is so popular, i say to myself, here is the economy of a capitalist. someone who uses immigrant labor to build his hotels and his chinese as well as manufacturers of many of his apparel goods

is there is a process in place? i was reading and just for clarification. >> it is designed to be i think careful in the sense the department wants to be very judicious about who they issue exemptions to and why and also responsive. the determination is madethality a exemption is needed the department can move relatively quickly. we saw that as a example in the departments ability to draft a waver for cold medical shipping which they have done in parallel to the introduction the legislation. for the process i would differ to pl rodriguez. let's make it as judicious as possible. >> you have gross income less than $500 thousand and it sets forth the requirements, correct? >> that is if you pursue a particular type of waver for financial hardship. >> an industry that would be effected would seek a waver, is that what you are saying? >> correct. >> you say you haven't exhausted [inaudible] thatheremay be other businesses that would be effected and follow this process? >> it is possible and why we wanted the flexibility

indeed she is. were i i to list all of deirdre's achievements, i would again, this would be a monologue and and not a conversation with deidra. so let's get to it. congratulations on the publication of the third volume. i remember being in the market is sponsored transcript seminar and that is when i read it. that i have not yet gotten through the entire -- will i remember the transcript. telus, what are and where did this trilogy come from. >> well the germ was the notion of the virtues by social class. aristocracy, the peasantry, that, that i thought g, the bourgeois virtues, but all they are our virtues as understood in the west and the east, the south and the north, of human society in a commercial context. so courage it will would be entrepreneurship, love would be solidarity or personal reiteration in a business for example. there is not anything specifically bourgeois about the virtues. i simply taking the virtue which was the longtime way in which people talked about being good and saying we

what is great is, the show is really in good hands. get -- i got to see it for the first time not too long ago. i had never seen the show. i came back my vacation and got to watch it, and i was blown away. it is so good. charlie: people have seen it five times. some have seen it hundreds of times. thankfully, i love seeing that guy, it was so great having him in the room for the process. readsmeone like me, and slowly, to be able to have a question the moment and ask him lafayette,, about did that break history? he will say, no, and we can keep it in the show. charlie: he gives you freedom. daveed: if you are taking a creative liberty. charlie: why is it so successful jacob be a sleek, it is brilliant and the characters are isally drawn, the rap perfect for what you want to do. the choreography is brilliant. how does this change your life? always,"hamilton," in -- in all ways, it is very different. i have been an artist for my whole life. and so much of that is in figuring it out on your own and doing things we -- with your friends. i

nothing is done until the ink is dry.re clearly moving forward to something that i hope is a negotiated settlement. it could be litigation. you certainly can't take that off the table. yesterday in herbalife's 10-q, they said a settlement would include a monetary payment and other relief. >> let me talk to that. i think that's important and maybe i was throwing around that term too loosely. injufrp injunchive release is shutting it down, the type of approach they did with fortune high-tech marketing. obviously they're not going to do that. but i've always maintained that the company would have, you know, injunctions, consent decrees in the settlement with the ftc to not do certain things. >> i think i know what the term means. i think the viewers do as well. i it this point sort of is that injunctive relief could force herbalife to halt certain parts of its business, could it not. >> sure. it could ask them to jump up and down ten times and howl at the moon, too. i just don't think that the most likely scenario is a radic

that is a big shift that is happening now. it is like smoking. a time when we thought it was glamorous. there was a time when he thought being sleep deprived his glamorous. it is a sign of being busy and important, especially men would wear it like a badge of honor. now we realize it actually makes us not productive, less healthy and much less happy. moderator: one of the things you tv, weout is we watch are watching video all the time, or phones. we are using them for a variety of things. one of the things you talk about is that it has affected people's sleep habit. talk about that. >> we are all addicted to our bones. in fact, i was in it everyone here probably takes care of their smartphone and they take care of themselves. everybody here knows approximately how much of battery remains on the phone. in my case, if it gets below 30% i get anxious and look around for a recharging shrine. less anything should happen to my phone. the phone is my best relationship i've ever had in my life. guest: i'm suggesting is that before you turn up the lies a

what it is say? this is gilby and fidel. chapter nine verses four, verse 29, verse 29, these are the words of god. these are exhortations to enslave the infidel. it says we do not do that anymore, i want to be a member of nato, it's not happening. so happening. so that is how turkey becomes turkey eventually. so there is a way, it is fragile, fragile, it is dependent upon whether they can maintain its credentials or its authority to impose its interpretation of the religion. of course we don't like it. again, i think it is arrogant that we say our culture must defy. must divide what they will do to join us in our global community. that is the ultimate arrogance. so i think let's leave it up to people like cc who are elected as to how they dealt this question. >> service we will put two or 1.3 billion muslims, if you have to address why see, what message you have for them? in case you get such a chance because to make peace i'm really from pakistan, none of the is not appreciative of their work so how can we come up those who

yes that is what he is doing. ,and he is normalizing. saying, i am the nominee, and i am starting to do things nominees for president do. forget about things i said in the past. i am a candidate now, and i am doing candidate-like things. he is saying, focus on the supreme court. you want a warm body in the oval office will name three justices, he said. and if the race comes down to that, everything else comes secondary. the supreme court will lock in social issues in law or not for the next 40 years, maybe. and so, you can wear it, he would say, about my personal life, but who cares? the court is the thing. so both his credentials, but more importantly, it is keeping the conversation about a thing that will get conservatives to say, i may have all these reservations about him. i may not line up with his policy positions, which is also happening. people are saying i do not believe in x, y, z. but they do agree on the court. that is a place for him to find -- charlie: we appreciate the consequences you say. john: and he meets with henry ki

but it is not that easy. like the border is hundreds of miles. it is most of it is desert.ple who take advantage of you like trying to get across and they have assaulted and they have to pay money, and ripped off and it is a brutal and horrible experience. many i thing is that if you want to do all of that to get to this country, then welcome to america, you are a citizen, all right. that is your citizenship test and i don't care what you know about george w. bush chopping down the cherry tree. i think that is how it goes, right? >> i can't end the time in east l.a. by checking in with the band at one of their east side clubs. hopefully, they won't ask me to dance. i hope that all of the nonlatinos who talk about the people quote, unquote a assimilating into the american culture are having a good time, because next, it is going to be the latinos talking about us assimilating into their culture in los america. it is the future? >> yes, it is the future, and we are leaning n and we know where we came are from and we are charting the course of the pyramids and the medicine tha

my interpretation is the data is what it is.re is an upside the on that and that they not transpire. i think that's good relative to where expectations are. mark: what's the risk. i am looking at the anr function on bloomberg. bullish analyst is more than you. is $157.e target 84% of analyst have a buy recommendation on apple. what is the risk that you are too bullish? isal: mike price target based on eps estimates. that is a discount to where it has to be. the question becomes what is the catalyst to survive? to giveou've got year-over-year iphone use. we've been getting the deterioration of the stock price. i think that's going to push to $131. this year over year growth is going to be the same. we are on a sick of pitted upgrade. they have a stronger refresh cycle. i'm not sure why that is. result, we are to have the same growth system. you're going to get two years of adjustment. that's going to drive apple being a good long-term investment without the volatility associate with product cycles. shery: thank you so much for yo

our reporter is in men. is everything back to normal? >> it is. you know what?mers were frustrated because they lost complete control of their on-line accounts and the if in us is that as of this morning, when they come out here to the bank use a.t.m. machine it is become to normal without any glitches. the problem started yesterday when people could not depositor withdraw money from the p.m. and others said their debit cards were declined. the problems with resolved at 6:00 p.m. last night, and the bang promises no more glitches. union bank is headquarters in san francisco and it has 400 branches across california, oregon, and washington. a customer described the continuation building inside a branch. >> people in the lobby were waiting, looking at them when they moved, and i feel for them. >> union bank release add statement saying "we had experienced an unanticipated delay in our internal overnight processing that affected various symptoms and not some customs are speak out on social media and one said they dropped the bull on this one. another say they shoul

that is why the stop act is so important. this is diverting time away from the people's business, which is what we were elected to do. i do not mind telling you it is discouraging people from running for election. countlessk of examples. in my state, a wonderfully successful businessperson is very interested in running. he got out here and when he was told the fundraising that would be required of him, he said, that is not why want to go to washington. note -- make no mistake, it is destroying people's confidence in the whole political system, disrupting the process and the simple truth is if the congress will work and we will fix things and get done, if we will find the common ground, we need to be in the briefings timee great issues of our and meet with constituents. we do not have crystal balls. that is why you meet with constituents. they can tell you what is and what is not working. we need to be debating. essential tois so the process. city see -- citizens united notwithstanding the or not we to getis critical members o

that is what is needed. i come back to transfer pricing, that it is complicated, but it --grounded in an economic where is the contributions economic value? any agreement needs to have an anchor like that. tier question about the transfer pricing between a parent and its subsidiary, can that ever be arm's-length? and i do not think it can. treasure just told us you can have debt between your parent and your wholly-owned subsidiary. this whole notion of transfer of risk from the parent does your sincerity area that subsidiary, you cannot get away with that. fiction, thathis the subsidiary is a separate taxpayer, and this is what a venture capitalists would have charged. i respect that foreign entity, but i might need some tough about what arm's-length means when i deal with a wholly owned or controlled subsidiary. mr. rosenbloom: i think that is right. it is a false the economy -- false dichotomy. there are a lot of steps including presumptive rules. i was one of the people who thought the brazilians were not

there it is... this is where i met your grandpa.s tree. ♪ (man) some things are worth holding onto. they're hugging the tree. (man) that's why we got a subaru. or was it that tree? (man) the twenty-sixteen subaru outback. love. it's what makes a subaru, a subaru. >>> massive wild fire in canada the smoke is so intense you can see from space. here's a picture from nasa what it looks like. crews are frantically battling the flames, this morning in northern alberta. state of of emergency has been declared, raging wild fire has forced 80,000 people to flee their homes and has already damage or destroyed about 1600 structures. the high temperatures and strong wind are making it even harder to get under control. >> thinking of going on a trip, book it now in today's three on your side, consumer reports, we look at what is trying airlines to offer pretty good deals. good news, the average price dropped to $363 in the fourth quarter of last year. that is the lowest it has been since 2010 according to the department of transportation. a big

that is done, that is over, that is the past. will come out looking good because she says i'm focused on issues. this is all nonsense. he needs to focus on issues. this woman's career disaster poll at thiswise. hit her where it hurts and looks like you're above the board and present in the moment. sandra: he has been effective branding his opponents and lyin' tedd. >> little marco. >> that was primary. >> nasty mean enabler hillary clinton. >> women have to make this call. look, starting point is very clear, sandra, he is at a huge deficit with american women right now. his unfavorables are like 70, 80%, unbelievable you would start from that point with the largest voting bloc in the country. 53% of the voters in 2012 were women. he has to watch out for what ted cruz did to him. ted cruz called him serial philanderer. talked about problems he had in his own sex life, donald trump that came from ted cruz. imagine then if you say to american women, what about bill clinton, what about what he did way back, but some of you younger wo

everybody is equal but they're equally poor. that is what cuba is about, venezuela is about.. >> no competition. it is race to the bottom. david: it is not funny dealing with venezuela, the richest, the most oil-rich country in the world, more than saudi arabia, more than russia, in terms of known reserves, and yet 70% of the population is now poor. that's is what -- if it can happen in a place like venezuela, wouldn't the same thing happen here? >> well you know that is one of the things we recognize. we're watching our kids, listening to neighbors saying look, this is serious. there are some serious jokes to be made for sure but this is serious. this is the a way that people can launch. my nine-year-old lovers monopoly. he plays this, dad, this game is a killer wedgie. david: a killer wedgie. >> i'm tired of running out of money. david: melissa, throw it to you with a phrase like that. melissa: my gosh. paying a hefty fine to keep refugees out. why a european village is ready to cough up the cash. ♪ re's moisturizing relief for everyone. biotene. for people who suffer from

it is not an insult but that is what he is. i am a jewish jew, he is a non-jewish jew, we don't have >> host: gaye -- >> caller: and i could make a huge list. >> host: gaye, before we let you go, before we let you go, here are the ten commandments very quickly, and which of these do you think you live by? i am the lord, your god, you will have no other gods before me, do not take the lord's name in vain, remember the sabbath, remember the sabbath. honor your mother and father, no adultery, do not bear false witness. and do not covet. >> i amm not familiar with them. i went to sunday school as a child. >> wise a childish and simplistic to think if the world lived by these it would be a good place? >> it is reasonable to live by these themes written in the bronze age. we know so much now. >> host: it is irrelevant whether itwh was written, beethoven -- we still listen. it is totally irrelevant. the content. will let dennis prager answer. >> guest: either they are valid or not valid. the fact barrel does not make them invalid any

what is interesting is air france is the only airline in europe to rise and it is the cheaper on found you -- the cheapest on violation terms. francis second-biggest bank reported an unexpected increase in third-quarter profits, boosted by consumer banking. shares up by 3.5%. be watching that. let's get to bloomberg's first word news with vonnie quinn. vonnie: the republican is almostal nominee certainly donald trump. the head of the rnc is calling trump the presumptive nominee after a big victory in the indiana primary. ted cruz exited the race. the victory is cleared for donald trump to win the nomination. bernie sanders surprised hillary clinton by winning 53% of the vote in indiana, but clinton has an insurmountable lead in delegates and superdelegates. president obama is getting a firsthand look today at flint, they're, today and tainted water supply. the president will speak to 1000 residents at the high school. they issued a statement emergency in flint four months ago because of widespread contamination in their water. the european commissions is return for a flow of refugees.

one employment is 20%, youth unemployment is 45%. continueng to need to to be growing at those sorts of paces for a number of years before we can put a dent in those sorts of unemployment figures. the good thing is that perhaps the economic situation means the political class actually does have a bit of time, a bit of space to try to forge a new consensus of how to take the country forward. betty: that is incredible. 45% unemployment among the young people, among the youth. what do the voters think? what are we going to hear? how will they vote when they had back to the polls? >> they are pretty divided. the young voters have been drawn to two new parties. polly most -- and anti-a sturdy group and a classic liberal formation. going to bessues is to what extent can those two new groups hang on to their supporters and to what extent can the established parties principally? be --that spain needs to voters need to move back to the party that they know. >> the end of june is looking shaky for geopolitical events because the election comes

the city that fred is describing, amsterdam is the airport, rotterdam is the seaport. by the end of the day i have to say what was the biggest take away was we went to see the mayor, want to see the head of the business chamber , the top investor, the technical institute, the high-tech campus, and everyone was almost completing each other sentences. and it was almost scary. it was almost like a stepford wife kind of moment with everyone saying literally the same thing, unified narrative and vision. the many parts of the us comeau one of these actors and then they will tell you, zero, you see so-and-so. the biggest surprise to me was what you now call sharing brainpower but in almost a frightening way. how much the consistency of focus and vision in the high-tech campus that we now know in 2014 has 50 percent of the patents in netherlands. the synergy and open innovation is working. that's what my main take away was. and one, you coined the term emerging markets. you must be receiving a lot of e-mails and phone calls from some of your former colleagues. what happened? d

jeffries is saying yes. that is but hundred five yen where the dollar is conservative.unquote disappointment. angie: thank you. some of the other earnings out of japan, mizuho said the negative interest rate will push the income down 11% the fiscal year to a four-year low. the second-biggest lender by assets expects net income to fall $5.5 billion in march. the ceo says negative income rates will cut $68 million per year. >> i don't think we will see significant growth in capital spending. we can't expect to grow if the global economy slows even further. impact of what negative rates may bring, but confusion can be resolved in the next six months or so. executives will start figuring out how they can make this policy. angie: meantime, sumitomo and mizuho death mitsubishi suing a rise in profit after that dropped last year. they reported negative for march 14.1%.ling 14 1% -- it is forecasting a rebound of $6.4 billion next year. many things affected our earnings other than negative rates policy, such as the slowdown in global economy, including china, as well as other g

is not quite right. so the 5% number is flawed. not the end all be all of the state of the economy. it is not based on who is getting benefits, it is based on a survey that the labor americans of,s of do you have a job? are you looking for a job? -- it is true that it is not capturing everybody. if you have not been looking for a job in the last month, you don't get counted as unemployed. you could work, but you are kind not you don't count in those numbers. there are other measures to understand what that looks like. for example, 9.6% is a broader measure of unemployment. almost twice as high as a 5% rate. that includes part-time workers and people who have given up looking. that is one way of thinking of the broader number. atre is also -- if you look the adult population that is not working, that is 42% of the entire adult population. that includes plenty of people that we would not expect to be working -- college students, retirees. so if you are looking at that broad number, and some candidates have you said number, to get to

is that normal? mark: well, it is. we are looking at a typical flight going around, and i would be concerned if the aircraft, in one of the airfields, which it did not, and they obviously have the chart security back over, the air force in egypt, i'm not really concerned. i don't think that brings up a doubt. but again, we need to focus and rule that out with the investigation process. but all in all, i think this just boils down to something more link to operational and technical, as opposed to looking at a third-party. there have been lots of reports coming out on terror, you know, being the angle coming in. but i think if you actually look at what caused the fire. ceo from newarton, delhi, thank you for joining us. with the very latest there. today,s of this show bloomberg markets middle east, we are going to be focused on the all states that have foreign capital. we understand saudi arabia will come to the bottom market. all of that to play for on bloomberg markets middle east. and after this very short break, we a

he is telling everyone this is what he is going to do.earn: what does it mean for the eu, for america to have an authoritarian leader in turkey which is literally the bridge between europe and asia in an increasingly unstable region? guest: we have to understand how did we go wrong, how is it that the eu and turkey which has always been one of the bulwarks in the region whether it is from the nato time to the current time, we need to look at ourselves and understand had we get to where we are because right now the president is able to negotiate in a transactional manner. laura: does the syrian conflict give him leverage with washington? guest: absolutely. the turks might be miscalculating how important they are. it is clear the issue of the kurds of northern syria, the question of how long a sock will stay. it seems to me that as we look is nopiece solution there way to get around the fact that turkey has a large role to play and the turkish president will use that. >> he is -- isn't he concerned about the issue in his orders? guest: we u

that is coming up. at is coming up.cheese and hash brown breakfast burrito. with provolone, cheddar, pepperjack, and a crispy hash brown. then he announced it to the world in the most legendary way. ah-hem. ♪triple cheeeeeese! the triple cheese and hash brown breakfast burrito. hurry in before it's gone. >>> taking a look at some of the top stories, we are following for you 24 morning, sheriff's deputies have reportedly arrested at least two people in con nest of the kill--connection of killing of the man. keith green was found early this month. deputies have now arrested green's former gulf friend and her boyfriend. >>> well, the city of oakland is trying to figure out how to help business owner whose lost everything in a fire. we showed you this yesterday morning. that fire quickly spread to the shared attic of a commercial building at about 1:30 a.m. in the morning. several shops there and a restaurant all among the businesses that went up in flames. and the cause of that fire is still under investigation. >>> and so

but it is not over yet. it is far from over.ig thing to remember is whether it is a four-year or eight year cycle or whatever it is, at the foundational principles -- the foundational principles of the constitution are good for human beings throughout the ages. an intrinsicd on values. where we go from here is really depending on who you are asking in the ted cruz camp. there are those talking about a third-party. there are those saying, maybe we can get a strong vice president candidate. for me, it is a wait and see, quite frankly. i want donald trump to understand that he has to go to conservatives. he is the one who beats to our and their support. they are not obligated to go to him. he is the one that needs to go to them. and the difficulty is, with personality and the way he really acts like a ,unior high schoolyard bully it is very difficult to see him as the president of united states. there is going to be a lot that has to be said and done between now and november her donald trump to even get the republican base behind h

, there is no evidence that 0% is better. show me the evidence. they may realize 3% will decide -- go back and forth to 3%. greenstein i-74, he raised rates abruptly. in 1994, we had two ears of problems. people do not realize the italian bond market took a hit vastly bigger than the hedge fund market. >> your concern that janet yellen'said in an effort to normalize interest rate i'll see, is courting another disaster? >> are aware of it now but they have no choice. they are stuck where no matter what they will do, it will increase the risk. that is the price you pay when in 2009, they eased too fast without realizing that perhaps it could have been probably, you know, substituted with something more measured. she has the worst possible job in the united states today. she is caught -- it is the worst position. she inherited all of the side effects of her two predecessors, most of whom had no clue what was going on. she had much more a clue. as mario draghi's job worse? >> they all have the same problems but in america, she ha

there is here we are. >> it is a fight. bernie is still fighting. >> he is still fighting. i think that math told us what is going to happen for some time, since march. you have a part that wants to play this out further. and bernie standers voters are persistent. and hillary clinton is deciding not to fight them. they are deciding not to fight them. they don't want to alienate the voters. >> all the polling shows that bernie is a winner, dramatically so. many think hillary is a better candidate. who is the stronger candidate? is there a metric? >> i think hillary is the stronger candidate. we are not taking into account the individual stat. there are republicans don't want to vote for trump, bernie, a lot of policies are left, insight them to vote for him not for hillary. i think that at the end of the day, people talk about the coalition and people of color with bernie, they under value the wave of individuals, that are going to wake up tomorrow, and say, it is trump. they are actually going to start voting for whoever the democratic person is. they do not want -- we are