george merritt said janus henderson the speaking with us. the break on why thinks the uk's a tough call for investors. scarlet: facebook dropping its plan to create a new class of shares. this is something facebook had been sued by shareholders over. we have been reporting facebook had settled this lawsuit, days before mark zuckerberg was due to testify. million to $7535 million in shares of facebook over the next year and a half to fund his philanthropic efforts. facebook shares, marginally lower. this is bloomberg. ♪ mark: senator john mccain says he will vote against the graham cassidy-obamacare appeal proposal, being the second republican to oppose the measure and putting in doubt the ability of power leaders to enacted. he joins rand paul in opposition. senate republicans can afford to lose and -- lose no more than two to members of their majority in still pass the bill. florida will aggressively enforce new rules requiring nursing homes and assisted living facilities to have generators. 10 residents of the south florida nursing home di

multi asset fund manager at janus fund investors. >>> battle lines being drawn david davis calls theriticism silly, but the british side needs to pick up the pace. that exclusive interview coming in a few minutes ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ tha...oh, burnt-on gravy?ie. ...gotta rinse that. nope. no way. nada. really? dish issues? throw it all in. new cascade platinum powers through... even burnt-on gravy. nice. cascade. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list.

way through the courts unlike that california case that you're citing and it's illinois based sequel janus versus apps me where the entire purpose of the plaintiffs is to get to the supreme court as quickly as possible so what they do is they don't even make an argument they say rule against us so we can appeal rule against us so we can appeal the legal challenges against these right to work statutes are there actually trying to put a put an argument in foot in front of the judges and so it's going to work its way up through an appeals process. which was obviously more encouraging when judge diane wood made her decision and more encouraging when. after justice scalia died it looked like we might finally change the balance of the court but the arguments are still working their way through the federal courts what's interesting about the latest attempt to fight back against these right to work laws is that there's an international component to it now trump has called for renegotiating nafta we have justin trudeau. canada saying ok well let's get rid of these right to work laws laws because it

you mentioned the janus case said he felt more comfort after reading the filings. could you elaborate on that. >> i think what i felt was that there are more reasons to deny certain this case that i know about before i read the papers. i think the jurisdictional issues a big one. the case was originally filed by the governor, he never had standing, then there interveners who were going to take the case of there's the case law that you cannot really remedy that jurisdiction that way. and so the ask that writes work is making in this case is a big ask. there's no way, what they want is to overturn, explicitly overturning long-standing precedents. they're not like saying there's a way to win without that. that's what they want. there may be winds ways they can win little things but there trying to avoid talking about the big win. so if you get into that and confident as this court may be that this issue will come up in another vehicle because there's these cases out there, then why go with this one? >> to think the court will come to this issue sooner rather than late

john: this is the three-year mark coming up when he started managing the janus henderson fund.e a traditional time to look and see how somebody's performance is. we look at bill gross. he has gone from being bond king, the guy who beat 96% of his peers, to being middle of the pack. julia: what are his average returns over that time, and wife is three-year so important? john: they are about 2.3% at this particular fund. three years is a good gauge because at least there been a few different changes in the market. you want to see how it's going up at times. in the case of a bond fund, rates are rising and falling or rising and falling. he has been doing essentially a fund that is supposed to protect investors against rising rates. bond prices fall when rates rise. the rates really have not taken off. there was a spike at the end of last year right after trump was elected. then they kind of settled back down again. the big megatrend he has been predicting for years really has not come to pass. his fund has not benefited relative to other funds because of this interest protection s

shepard: janus, it will either come in land in the next few hours and if it stays over water, it's hard to imagine what the whole post will look like. >> absolutely. difference between 30 and 50 mouth of short is going to be the difference between a worst-case scenario and the not so bad scenario. at this point in time, we are expecting the center of the storm to remain a little bit offshore, but truly all of these areas cannot take the water. the pileup of water going into these low-lying zones that continue to be completely covered in water. shepard: from the hurricane center talking about that in south florida now. let's listen in. >> for that water to recede. is that correct? shepard: let's go to adam housley live in key largo. how is it looking? reporter: as we wait for those wins coming ewan i've been talking about several hours we believe what is happening because the wind is still coming this way. looking at the trees starting to swirl, which we hadn't seen in that direction the entire time. we've got to believe they are going the other direction. i did get a chance to go out an

and so i would have been fine if we had done this right out of the ghat ate in jat lalate janu february. working on daca has nothing to do with working on fundamental tax reform, which is something we'll do over the next few months. so it's not like we can't multitask. we all pretty much know, chuck, where we stand. there's no real information -- >> there's no new debate. >> there's no new debate. let's just get it done. i think america is tired of us procrastinating, especially when there's no new debate and no new data coming forward. let's just do the right thing. >> i hope you're right about multitasking. i've been watching a while. it doesn't look like congress does multitask very well these days. thank you, sir, for coming on. >>> coming up, the daca decision adds another task on the packed to-do list from congress. how much will republicans break from the president to get some of these things done? we'll be right back. of risky websites. wow. that's cool. how much is it? oh, it's free if you have a discover card. i like free! yeah, we just want you to be in the know. ooh. hey! su

specifically you mentioned the janus case and you sound you felt more comfort after reading or whatever, the filings. could you elaborate on that? >> the case is at the third stage and i think what i felt is that there are more reasons to deny in this case then i knew about before i read the papers. and i think that the jurisdictional issue is a big one so basically the case that originally i think celebrated by the governors, he never had a standing. then there were interveners who were going to take the case and there's the supreme court case law about how you can't really remedy the absence of jurisdiction that way. so you know, the ask about right to work that's making in this case is a big ask. there's no way, what they want is so overturned, it's basically the overturning of long-standing precedent, not what they're saying there's a way we we can win without that. >> there maybe when, ways in which they could win little things without that but they're trying to avoid because they want the big win. so if you're going to do that and if you are confident as this court may be that the