i meet a bunch of them above city grocery, john currence's place on the square.ters in residence, megan abbott, jack pendarvis, a poet chayuma elliott. bryce thompson a senior writer for espn. fellow writer on the series "treme," chris. novelist ace atkins. poet derek harell is originally from milwaukee. crime novelist billy boyle from brooklyn. downstairs, currence's restaurant city grocery cranks out many delicious things. the man known as big bad chef, aka johnny snack, is sending some of those goodies upstairs as there's nothing professional writers like more than free food. usually, you put five writers in a room, it's an ugly, hell broth of envy, hatred -- >> we all hate tommy. >> yeah, that goes without saying. >> even me. i hate me worst of all. >> around here anyway the writers are really supportive of each other. for writers to argue would be like arguing over a piece of dirt. i mean, what are we fighting about? >> the stakes are too low. >> the stakes are so low. why would you be a jerk about it? >> if mississippi were a country and there were a nation

staying with the currency market, britain's fraud office looked into alleged rigging of the forex market. johnet. it seems like we have been talking about this for a while, but the distinction is it is now a criminal probe as opposed to a regulatory role in the u.k.. >> that is right. they began looking into this about one year ago, and now the is.'s serious fraud office also looking into criminal examination. >> what is happening on the u.s. side of things? i feel silly asking that because fx is a global market, so it is silly to say it is happening in europe. >> the department of justice is looking into this and it could bring, it has been said, finds or something about as early as this year. i talked to our financial crimes team and they said it is also possible nothing happens this year. it is a slow-moving process. >> and one where the market participants have a lot at stake. what are they doing it the industry overall undergoes this kind of scrutiny? >> two things are happening on the private side. some private organizations are working to come up with an alternative benchmark, saying we

." ♪ >> let's give you a cricket check on the currency. johne on the sterling. have a look at the other big hair. the euro dollar is declining. the expectation index in germany the out lower than market estimated. that is taking a shine off the euro. 1.3598. possibly returning to june lows. 570, 1.3575. jon ferro is here. on a more serious note, elliott gotkine. markets first.he john, two days of testimony. yellenery clear message -- it is very clear janet yellen is a dovish and unlikely to change. >> it would take a significant amount for her to change her view on the economy. when you see the euro dollar and mario draghi talking about exchange rate, just tuesday to europe for a moment, in a sense, they need the dollar to rally for the euro to go lower. they need jannette yellen -- janet yellen to turn a little more hawkish. a lot of presidents cite pressure that she is calling noise. today it is about her listening to the noise more carefully. since you came -- since she came into the job, she has been dovish and stayed dovish. yellen has a t

john, you touched on some of these currencies. it is worth referencing them again in terms of dollar-ruble. the big move came yesterday. you saw dollar rising by 2.1%, ruble falling by about that amount. this morning there is a small rest. the micex opens down 1.6%. the poll will talk about the next tension level of sanctions if that is what the proofs deliver for the u.s. and europe. we wait for absolute evidence on exactly what happened and where those missiles came from or who fired them. back to you. >> thank you very much. a malaysian airliner shot down over eastern ukraine killing all 298 eagle onboard. the ukrainian government blames the attack on pro-russian rebels. ukrainian government says it has intercepted tapes that prove otherwise. ryan chilcote is on the phone from kiev. what is on those tapes that back up these assertions? the response, the blame game started almost immediately. >> it certainly did. that is not normally how it would work. you would have people go to the crash site, recover the black box and mine th

department of justice, the fbi, the gao, he referred to the banking and currency committee, and he said he had directed his own counsel, john dean, to investigate the watergate to determine if there was any white house involvement. as truth of the matter is, far as we know it, the evidence -- john dean has never reported to him. had never been with the president. the white house logs show that. john dean's testimony is to be affect that he didn't even know about such a report until the president's press conference. what was john dean doing in the meantime? on june 19, he was meeting with mr. mcgruder, at which meeting he was told by john mitchell they needed a fire to burn incrementing evidence. when it23, they decided was reported to them there was money involved but perhaps been laundered in mexico, that money that had gone to the greek, what they do -- the president knew about this. get a hold of the cia determined shouldn'te cia influence the fbi not to pursue that, because of covert activities. for a while, the cia agreed to that. he did make an investigation, they found there was absolutely nothing to hide. they went

wouldn't be so bad but i don't i don't think it's a well designed currency and that's that's the yes you. that was john econ and business correspondent the week dot com time now for today's big deal. big deal time with edward harrison and today we are discussing money in tennis fun stuff so the sport that's hogging headlines this summer is cricket of course soccer and it's all thanks to the world cup but we're a boom bust we're also big fans of tennis and wimbledon is underway at the all english lawn and tennis club that's basically went wrong doris's for the french but it's what it's called so i want to check in with what's going on in the world of tennis in terms of money so edward before we begin first and foremost and this is important because i want to tell well you know i noticed that the beginning we had this whole thing on the boat with maria cher oppose that i mean obviously so we have to reassure pro and she's one of my favorites but she's already she's got that you know what so i have no idea what is. going to go so now i'm going to go with. he's content is you know you know i'm going to go

john kerry and the treasury second jack lew have had a second day of strategic talks. in the latest beijing talks, jack lew says china is taking steps to adopt greater currency transparency. meanwhile, john kerry says it's critical the u.s. and china continue to work together on cyber security. both sides had a frank exchange on the topic. rather awkwardly, this came as news broke that chinese hackers reportedly broke into the u.s. computer network of the u.s. personnel of office of management. the "new york times" says the attack occurred in march, but it's unclear how much information the hackers accessed. the report comes as u.s. and china leaders are meeting in beijing this week. japan's core machinery orders for the month of may plunged 19.5% month on month marking the largest pool on record. makiko has all the details. >> it came as a shock since market watchers had forecast a slight growth. but with the second straight month of decline following a drop in april after storing over 19% in march. the value of the orders, seen as an indicator of capital spending slipped over $7 billion, the smallest since january 2013. the government downgraded its assessment of order

secretary of state john kerry is leading the american delegation, while talks of cyber security and maritime disputes, and the chinese currency -- >> relations between washington and the u.n. are put to the test as germany investigates a suspected u.s. by within its armed forces. been strained by claims of espionage. a member of the intelligence services is suspected of leaking documents to washington and had producedn claims that they were tapping the telephone of angela merkel. a new generation of angora rockets have blessed -- blasted off from northern russia. first to be built within the borders of the post-survey -- soviet russia. this is part of vladimir putin's goal to revive the formally great space industry. they had a live broadcast of the embarrassing first launch that was ultimately halted. we're halfway through paris -- week, the pinnacle of high fashion where the top houses show off their winter collections. karl lagerfeld has been delighting the new generation of fashionistas by unveiling his work, which represents people very young, -- we have more about this. >> these dresses cost tens of thousands of euros,

john kerry arrives in china. cyber spying, climate change, currency, nukes and even syria.an he stop the downward spiral in our relationship of late with china? >>> soup of the day comes from misty's in lincoln, nebraska. serving up a favorite of mine, black bean soup. ? check it out. i just saved 15% on car insurance in 15 minutes, so i took a selfie to show everyone how happy i am. really? because esurance saved me money in half that time. can i...? oh you can be in it! no need to photo-bomb me. hashbrown. selfie. yeah... that's not how it works. 15 minutes for a quote isn't how it works anymore. start with a quote from esurance and you could save money on car insurance in half the time. welcome to the modern world. esurance. backed by allstate. click or call. ugh. heartburn. did someone say burn? try alka seltzer reliefchews. they work just as fast and taste better than tums smoothies assorted fruit. mmm. amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. a body at rest tends to stay at rest...cs... while a body in motion tends to stay

look at three currency charts. look from john 1 june 1st.is a narrow range, they want it weaker. export economy, look at the dollar yen. the dollar is getting weaker, but in slow motion. the last chart year to date, dollar index, all currencies in a little pool bought at walmart and they bump their head. everyonements currency weaker. what's happening is the relative value trades get compressed. carl, back to you. >> all right, rick, thank you so much, rick santelli. >>> a major player in the food world overall, general mills' ceo, ken powell here next, and state of the consumer and live interview with walmart's u.s. chief, bill simon p at 11:00 a.m. eastern time. dow's down 78. back in a minute. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ >>> from cereal and yogurt to sweet treats, general mills is a leading food companies. today's company is here v

after currencies, up falling to a two-month low. johnolumnist, lack of volatility as prices climb to new highs. the federal reserve has said clearly that it will have low rates for longer, even as inflation percolates. how are you seeing that play out in currencies? of theare seeing a lot same thing in currencies. in a sense, low volatility should, in a way, be good for currencies, because that is good for the trade. you could try to fund the carry ,rade in the dollar and the yen the hero, something along those lines. we have not seen amazing results the carry trade and probably part of the reason for that is that people are not feeling like they are start -- finding strong trend. they want to fund the dollar and by the ozzie, for example, they have not had the kind of firm trends they want for that trait. >> there seems to be a lack of conviction. >> certainly. but what is holding back the dollar? -- >> what is holding back the dollar? >> when you are talking about the dollar, you're talking about any john story and a yield -- an econom

currency markets. >> i know it will certainly be interesting. wantsspeaker john his day in court with president obama. he has unveiled a plan to sue the president for exceeding his authority. his target, a controversial provision in the health care law. we have much more on this. heater, this legal fight will be over the employer mandate. indeed.g time coming the president will have to lawyer up now that the house speaker has an visually -- officially unveiled his resolution. the house speaker and most house republicans don't like obamacare, they never like to the employer mandate. what they are suing the president over is the failure to enforce the employer mandate that they don't like. delayed enforcing the employer mandate. what the speaker is saying effectively is we are suing the president because the house has to keep this executive office in check. this is a president who has run a much. -- amok. >> ever present those executive orders. most of them do them within the law. what we're talking about here are places where the president is basically rewriting l

john skipper. he just won bitcoins worth $19 million. what does tim draper have planned for all of his virtual currency?joins us, next. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of forward thatrought the feds raised interest rates. the dow is down nearly 4/10 of a percent. nasdaq was down over three quarters. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. tim draper was the highest bidder on a u.s. government auction of nearly 30,000 bitcoins. it was part of a larger pool of the virtual currency that was seized from a website. he beat out 44 other bidders which were worth about $19 million at the time of auction. he says he will use the currency to help grow a startup he is backing which enables companies to trade and store bitcoins. joining us to discuss, tim draper himself. thank you so much for joining us. so, why? why did you bid so high for them? >> this is a very exciting new technology. it can transform our entire economic system in over a long period of time. this was a long-term purchase for me. i am very

john skipper. bitcoins worth as much as $90 million. what does tim draper have planned for all of his bitcoin currency?hen he six minutes past the hour, which means lumbered television is on the markets. i'm matt miller. take a look at where the indexes stand right now -- we have come a long way off's little changed mark, with the nasdaq falling .75%. this all comes from record highs that we hit on the thursday before the fourth of july, so it makes sense to get a little breathing room. we are back on the markets again in 30 minutes. ♪ >> you are watching "bloomberg west" were we focus on technology and the future of business. tim draper was the highest nearlyin an auction of 30,000 bitcoins. it was part of a larger pull a virtual currency seized on the silk road website. there'seat out 44 other for the bitcoins worth about $19 million at the time of the auction. he said he will use the currency to grow a startup he is backing at will enable companies to trade and store bitcoins on behalf of customers. thankaper joins us now, you for joining us. >> thank you for having me. >> why did you bid so high fo

currency markets today. the dollar surged against almost all other peers after yellen pushed the need for a high degree of monetary policy accommodation. johnrld for bloomberg news. a lot of dovish comments from yellen, saying the economic outlook is very uncertain, and the gdp forecasters have gotten it wrong in the past. why did we see the dollar rallied anyway? >> i asked someone at deutsche bank, and he said he focused on one of the lines in her speech. she said interest rates could rise sooner than expected if economic data continued to improve, if the surprises continue, meaning they have been surprised, meaning we need more continuation of that. he said they have been wrong perhaps on the economic forecasts, but their unemployment forecasts have been a little bearish. improved a little faster than expected, at least on some measures. that is, to him, one of the most telling things on a macro level. he said it seemed markets were focused on that. >> she said she was concerned about the long-term unemployed. there is nothing monetary policy can really do. what are people saying more generally about the dollar? it has had a good few wee

i think that speaks to both the tremendous cross currency on immigration reform and you have people like john mccain and lindsey graham others in the public and house. we talk about a lawsuit and you have sarah palin out there talking about impeachment. i saw a poll today that a huge portion of the republican party base thing they support the president. i think a lot of people in the town laugh that off. i think speaker boehner by going down the path as long as he can open the door for possibly considering impeachment at some point is a feature and i think that the president acting on immigration reform of certainly up the likelihood that they would contemplate impeachment at some point. the senate foreign relations committee held a hearing on iraq and syria. former ambassador to to iraq and the cia analysts testified at this hearing. it's 45 minutes. >> thank you very much mr. acting chairman. to follow-up on what we heard this morning, the establishment of the islamic state by the isil in iraq and syria is changing the geo-strategy of entire middle east and represent a dramatic setback to u

currency committee. directed his own consult, john dean to watergate to e determine if there was any white house involvement. the truth of the matter is as it anyway, the john dean has never reported to him. never been with the president. the white house logs showed that. john dean's testimony was he about such a report until the president's press conference. what was john dean doing in the meantime. one thing, on june 19, mitchell ting with magruder and which meeting john the audit had fire to documents and incriminate evidence. to him that ed there had been money involved. money had gone to the creek. what did they do that the knew about this. to ahold of the cia etermine if perhaps the cia not dn't influence the fbi do that because of covert activities. this cia agreed. they did an investigation, they found there was nothing to hide. they went wac. -- back. what did they do on june 28, john dean and d ehrlichman and hadderman. evidence they established a fund using the counsel called them back to pay money. i don't care what the money was for. hush money or other things. gray onr mention is pat so incens

currency policy. meantime secretary of state john kerry says china and the united states had a frank exchange about cybersecurity issues, and have agreed to continue those discussions. and speaking of china and cybersecurity, "the new york times" reports chinese hackers broke into the computer networks of the u.s. government's agency that keeps the personal information of all federal employees. this happened in march. the story suggests the hackers appear to be targeting files on tens of thousands of employees who have applied for top secret security clearances. some access was gained before federal authorities detected the threat and blocked the hackers from the network. >> that's pretty amazing. so they know who our spies are. we did not say that treasury secretary jack lew will be one of our keynote speakers on wednesday, and he can debrief us on everything he just found out while he was in china. >> yeah. perfect. wednesday. where you are going to be interviewing -- >> stan druckenmiller. and nelson peltz, john paulson, governor christie. i'm actually going to be listening to -- i'm going to stay this year.

john maynard keynes and i will read it in its entirety. there is no more sure means of overturning the existing basis of society band to debauch the currency. the process engages all the hidden forces of economic law on the side of distraction and it does it in a manner in which not one man and a million is able to diagnose. and we say in the book that unstable money is a little bit like carbon monoxide. it's odorless and colorless and you don't know the damage it's doing until it's very nearly too late. that's because people are really not always aware when governments weaken their currency and they only see the effects of that which is one reason why debasing money is so corrosive. people say money is about greed but in fact it's about trust. money permit strangers from all nations and societies from all walks of life to come together and conduct transactions based on a commonly agreed-upon measure of value. money in this way promotes cooperation between people. it serves as an instrument of communication as well. tells us what its society values not just material but what its priorities are. so when money is corrupted its ability to act

john. what are people saying about the ruvell right now? right now?e what there looking at russian central bank may do. whether or not they will do something to support the currencym where the government starts to step in. that is one of the reasons they see a weaker ruble from here. russia's currency reserves, how do they factor into how it trades? it is suggested that russia has about 500 billion in reserves. 100 say they draw down billion a year. that gives them quite a bit of time to stabilize the currency. to workhave some time through things on the currency front. he suggested what we are looking nots not a systemic issue, a 1998 russia crisis. we are looking at economic concerns, funding concerns, even suggesting they are not looking like a brick economy, more like a frontier. >> they have been set back. yesterday we were talking about a case -- various entities would the variousey from russian oil companies that used after it to you kos -- was split apart. >> is that preempted now by the sanctions issue? morgan stanley said they would not say it is preemptive. it is still there. sanctions seem to be getting some headlines right now. it is still there. no

latest poll, the virtual currency will fall even further, 55% of the financial professionals surveyed said bitcoins are trading at unsustainable prices. and now you can been johnay you do with tv shows on netflix and amazon prime -- binge on book the same way you do with tv shows on that puts an amazon prime. kindle unlimited includes more than 600,000 book's. may be 83,urdoch many thought his days a big deal making were done. well, that was until he stunned the media world with the bid for time warner this week. sense.r, and make the only question, what is time warner worth and will murdoch overpay? let's ask for fully managed for -- for fully a manager. jason, the question of what william murdoch is willing to spend is important one for you and for them with 60 million fox shares at stick. what you think is prepared to do? >> good morning. thank you for having me. to show aox is going lot of discipline. we think the combination of the two businesses would create an incredible media force. at the same point, we think it will be disciplined about what they're willing to pay. fox on its own has the premier content assets in the business. we think the combinatio

john is running at mit as well. gene is an old friend of mine and she was ian was a transformational controller of f the currency between 1993 to 1998. then during the period peep at a special emphasis on making sure the low to moderate income households would be able to get loans from the banking industry and enforce the community investment act. he also turned to working with bankers trust as the vice-chairman and subsequently he founded the promontory financial groups of these are two fantastic folks to talk to us about their views of the financial crisis and the reforms that have been implemented so far and away or we need to go. the title of the talk is protecting the bank. i think that we really want to change that to protecting the financial system because it's not just the banks that need to be protected. it's the entire financial system and it's not just the united states financial system is the global financial system of which the american financial industry is so much a part of. i want to leave a fair amount of time for q-and-a for everyone to participate. just a few words about the economist perspective of t

john is running mit now as well., to its great benefit. gene is an old friend of mine. he was a distinguished and transformational comptroller of currency between 1993 and 1998. then he, and during that period he put special emphasis on making sure low and moderate income households would be a able to get loans from the banking industry and vigorously enforced the community investment act. the, he also then turned to working with bankers trust as vice chairman and subsequently he founded and is now ceo of the promontory financial group. so these are two fantastic folks to talk to us about their views of the financial crisis, the reforms that have been implemented so far, and where we need to go. the title of this talk is, protect the bank. i think we really want to change that to protecting the financial system because it is not just the banks that need to be protected. it is the entire financial system and it is not just the united states financial system. it is the global financial system of which the american financial industry is so much a part of. let me just say, just for maybe three minutes here, and i do want to leave us a fair