we talk about julius baer and its inflows. that's next.is bloomberg. ♪ loomberg. ♪ anna: 30 minutes into the trading day, welcome back. here are your headlines. the islamic republic seizes a tanker in how most. -- hammus. it beats sales estimates for the second quarter. julius baer ceo declines negative rates after inflows slow for a third straight have. but it rises in the latter part of the year. good morning and welcome to the european market. 30 minutes into your trading day, this is the picture across european equity markets. we talked about the impact. the biggest gain or, the paper company out of finland up. it had a negative session at the end of last week. that's worth keeping in mind. some others in the same sector moving on. this is phillips up 4% on the back of those numbers, in particular china. we heard from the ceo earlier on. we've also got companies that benefit from stronger oil pricing. this has got an upgrade. let's move to the downside, what's bringing up the rear for us. this is in a region base machinery business --

it is all about changing the nejra cehic julius baer. how -- changing the story act julius baer. t -- changing the story and julius baer. nejra: second-quarter revenue coming in at 4.7 billion euros. estimate with 4.5 9 billion euros. -- 4.59 billion euros. margin ined ebit-a line. the second quarter adjusted tot-a coming in out of the, -- at a beat, too. it is maintaining its overall sales growth and adjusted ebit a-margin views as well. one of the questions for analysts is to do with the u.s.-china tariffs. look for an update on that and of course we will be speaking to the ceo shortly as well. manus. manus: a little bit more breaking news from them. this is on the chemicals business. theeat deal of action on chemicals stage. clarion is agreeing to sell. in thepected to close fourth quarter. 308 million. a little bit of breaking news on deals being done. i thought it would be disingenuous not to talk about euro swiss. expenses building the in swiss francs. they say now it is a question of how much more will they have to do to match the moves expected from the ecb. will they int

and china as they forecast a strong second half sending shares higher >>> julius bar has improved marginss the swiss bank delivers its last earnings report under outgoing ceo. >>> the market rebound catches out as bridgewater flagship funds logs one of its first half performances in decades. >>> and rising oil prices boosts energy stocks after the uk calls iran's seizure of a british tanker in the strait of hormuz an illegal act ♪ >>> well, good morning, everybody and welcome to "street signs. we're about one hour into the european trading session i just want to recap quickly some of the action we had in wall street towards the end of the week last week it was a weaker close for the three majors on the week the dow ended up about two thirds of a percentage points lower. s&p and nasdaq little more than 1% weakish end to the week for u.s. equities as we get into the heart of earnings season here. 28% of those released results have beaten sales and 49% have beaten on earnings according to data from goldman. still right in the heart of earning season, about 150 s&p companies will be reporting

we will have more from julius tears ------ from m julius julia steers in nairobi. the environment minister of france q quit on t tuesday aftee investigative website media parts excuse -- accused him of extravagant spending. he denies wrongdoing and has filed a suit against media p pa. chriris moore is at the environment ministry. he had to go. j just one story, but a week of allegations including thahat he entertained vivisitors that did d not have o withhis official function, giant lobster, champagne, et cetera. ministers living extravagantly off the public purse is not unheheard of in francnc but the context is different this time around. emmanuelel macroron's government facing the y yellow vests protesters out on the street.. the protetests have ebbeded recently. fact that macron came to power a couple years ago in the wake of a number ofof during g a campaigign claiming he wowould be the m mao clean up french politics. the environment ministry has been troubled for a while. >> yes. -- it is hadoccupant 14 incumbents in 20 years. predecessorrugy's walked out of

what is the story that julius baer is telling?this depends on which characteristic the next ceo rings to the table. -- brings to the table. buyinground the world small pockets of wealth management. one of the spoilers in the story is the italian wealth management, what happens next is about 9 billion euros in assets under management. that is not huge, maybe 2% to 2.5%. well -- where will the growth come from? interesting, that is where the driver was in their growth story. the new ceo goes again for growth in the julius baer story. no bubbles. clients are the sidelines. give the nextto ceo a helping hand and a transition and will move sideways. cranny with the latest from julius baer live from zurich. staying in switzerland to cover some of these other banking stories. up next, easing out of the job. mario drager enters his -- mario draghi enters his last three months. we will discuss that next with sarah hewin who is still with us. this is bloomberg. ♪ anna: this is "bloomberg surveillance." 9:54 here in london. mario draghi is e

this lawyer, julius rainey was trying very hard to get these women off, but he could not use his racial discrimination defense because racial discrimination did not exist in the military because the war department had a policy against that. so you have the circular argument where it can't exist. these women are saying these are our problems, here are our grievances and the military -- so they had this trial where their lawyer was defending them and saying gentlemen, they were confused, they didn't know what they were doing. he knew exactly what was going on, maybe not from the position of a female, though, so he used women's natural tendencies to be confused and hysterical and based his defense on that. even calling them a monomaniac at one point. they had their say, they were able to defend themselves during the court-martial, but interesting to see how even their attorney turned it around. but he did try to build it up to take on this idea that it was the perception of racism, not that the army was racist, but these women in a confused state had a perception of racism. >> and so what

francine: what do you do with julius baer? filippo: julius baer, i think it is an interesting one.ery different from credit suisse and ubs. the investment case in julius baer would be in --ms of if they are somewhat able to sell close to book value, it would be quite positive for the bank. the new ceo is starting september. they have done a lot of work on cost cutting and rationalizing the footprint of the bank. i think it has been rather successful in doing that. let's see what the new seo has -- co has for the bank. cautiously positive on julius baer. francine: going back to credit suisse, how quickly can we know that this is a trend to stay? credit suisse has been doing pretty well. today was a good earnings report , but can actually go back to something less appetizing for investors fairly quickly? filippo: that is a tough one. one thing we are seeing is this trend in tangible equity. they are getting very close to it actually meeting the target, which i think is very positive. one key question will be the client engagement. as we note, april has been a tough month and june has

it features street magician and social media personality julius dean performing illusions. in 2015 the fda said vaping increased 50%. a previous real cost ad campaign against cigarettes is estimated to have prevented 350,00011 to 18-year-olds from 1340eking from 2014 to 2016. >>> the body of an iowa grocery store has been found behind one of the coolers. they were removing the coolers and found the remains. his parents reported him missing in november of 2009. investigators believe he climbed on top of the cooler, which was a hiding spot used for unofficial breaks. they think he fell and got trapped between the cooler and the wall. noise from the compressors may have drowned out any calls for help. the death ruled accidental. >>> we are now getting our first look at oscar winner tom hanks bringing mr. rogers to life on the big screen. ♪ it's a beautiful day in this neighborhood ♪ ♪ a beautiful day for a neighbor ♪ ♪ would you be mine? ♪ ♪ could you be mine >> is there nothing that tom hanks can't do? i'm serious. sony releasing the first day for a trailer of "a beautiful da

julius baer, cars bank, imperial brand, all at the open.a huge amount of corporate news, manus. let's get to the futures. front, we funds, -- are focused on the funds. in fiveto the lowest years, and it downgraded global equities to underweight. drop on.s. equities friday post that jobs data and futures lower in the u.s. and a drop in the european equities and futures look to be pointing to a lower open in europe today as well. manus. manus: there is no doubt about it. did we go lower in terms of yield? we are seeing a covering. ask yourself, post jobs, you are seeing a rise in prices and a movement in the yields. italy ramping higher. u.s. treasury higher. the ecb needs to act to support the euro area. also some lines coming through from a number of people. bruno le maire talking about fiscal stimulus. let's see how all of the data plays into the markets. yvonne man has been standing by. yvonne: you mentioned it is a heavy selling day. we are seeing red on the function on your bloomberg today. you mentioned about the jobs report number out

hodler cleaned up julius baer after a money-laundering scandal. your latest bloomberg business flash. guy: a bit of breaking news over the last couple of minutes. let's talk a bit about the liberal democrats, a party we don't spend a lot of time talking about. it was in coalition government with the tory party. it has just named a new leader, james winson taking over. this is important and worth paying attention to. the liberal democrats have firmly pegged themselves as the no brexit party, and they are pulling relatively strongly. if we were to see -- are polling relatively strongly. if we were to see an election tomorrow, the liberal democrats could potentially take a large number of seats. it will be really interesting to see what joe swenson -- what jo takeon does next, how they advantage of the momentum liberal democrats have towards a general election. this could be a piece of the jigsaw as we approach the end of the year and potentially a new general election. pay attention to this story. ,tse 100 not reacting to this european markets absol

>> the ad features street magician julius "d" transforming it into a regular cigarette.ne cart training has a pack of cigarettes worth of nicotine. this is all part of the fda's $60 million the real cost prevention campaign. in 2018 the fda revealed vaping increased nearly 80% among high schoolers, 50% among middle schoolers over the year before. it is an epidemic. >> yeah, it really is. >>> ahead, tim duncan. yes, tim duncan going home again. big fundamental will be roaming the sidelines of san antonio. andy scholes has that story in the bleacher report. and now with each new line, get one of our latest smartphones included. $40/line for four lines and smartphones are included for the whole family. jill jill has entresto, and a na heart failure pill that helped keep people alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or hig

. >>> julius bar announced a new ceo. replace retiring ceo bernard from september 1st julius baer says part of a long-term succession plan and looked at potential internal and external candidates. >>> coming up on the show, the u.s. women's team makes it a fantastic four as it picks up yet another soccer world cup the highlights coming next we call it the mother standard of care. it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. cancer treatment centers of america. did you know you can save money by using dish soap to clean grease on more than dishes? try dawn ultra. dawn is for more than just dishes. with 3x more grease cleaning power per drop, it tackles tough grease on a variety of surfaces. try dawn ultra. ♪ >>> the u.s. women's soccer team are world champions for a fourth time after beating netder lands, 2-0 in the final adam reed now joins us around the desk adam, i

banks in your own home country, we will be julius -- doing julius.y proclivity towards ubs?u.s. versus have -- manage swiss equity portfolios. currently, we are not holding any of the swiss banks and our portfolios. we have a couple of names in our portfolios. probably shows you how we think about looking at the moment. low net margins are a phenomenon that comes with low interest rates. they are not easy for the banks to handle. that is what we have been seeing. we have seen some decent results in the fixed income business. obviously for u.s. banks, they will be able to benefit going forward from the absence potentially a deutsche bank in that space in the next few years. side, it has been a bit of a mixed picture. always great to get your thoughts. you stay with us. we have more to discuss. deborah. trade deal between the u.k. and the u.s. will not be forged quickly. that is according to boris .ohnson, the favorite would boost things over time. an essay posted on linkedin, the be risksaid it would reducing and enhancing to consider adding gold to y

and get an orange julius on oscar night than go to the mall and deal with this now absolutely not this is i mean there's nothing new about the idea of sort of having these you know. military like parade like i get it i get the over the july i think it's strange that it came so quickly like this why wouldn't you do that the 1st year why when you flew to america your 1st year not as why did you wait until you're getting re-elected but i think what's interesting is people's outrage about that i mean for me on my you know whatever but the thing about it and i feel because the idea that this is somehow like new with trump i think is interesting and my favorite former pentagon and state department spokesman under. then obama mr kirby i believe to a did he ordered military fly overs for his big speech on the 4th now according to the washington post trump is pushing for military attack this is who we are we should be better than this and far above this sort of crap. i hate to break it but this is exactly who we are. welcome to do you see where i like 75 percent of the people walking around are

was a very experienced man and next year they will host the cup america and we have our colombian julius actually telling us what she thought about this tournament and what is to expect from the next couple medical columbia worked well while playing indicator system the further they came they got back to their usual arrogance and deceptive because 1st arrogance is never a good thing especially if you have no real. resold at the national chain to show so colombia lost in penalties like you're white and it was also a bit of lock involved but they lose the order and it was not us establish us in brussels give us just a static use pry of any seems a good one if they dare to choose there is darlings and we play squash that are the funniest go they have a strong team with a huge chance to win the cup in colombia strong words there from a colombian about our own team their obvious yooper critical about their own team the colombians and they would be expecting a lot next year in 2020 when the couple final will be held in colombia looking forward to that or after this cup what do you say it's a b

a brute result for the of julius, 88 goals they scored compared to northern ireland is 24.ca. they could be the team to beat here in liverpool. 0nce jamaica. they could be the team to beat here in liverpool. once again, they look brilliant out on court up against fiji, looking a little bit untidy at times but they are a very fla m boya nt untidy at times but they are a very flamboyant and fast team, they certainly look like the meant business out on court, beating fiji by 85 goals to 29. two very strong performances from two of the top teams. this evening will be group d tea m teams. this evening will be group d team is going on court, england and scotla nd team is going on court, england and scotland are out there on the courts later this evening. england got up against uganda, an exciting up and coming african team who will not make it easy for england. it is a bill importing england without a strong performance in these early stages because they are in a tough side of the draw, they will face the likes of south africa and jamaica at later in the week so every results cou

there has been speculation that rivalsbeen in talks with such as julius baer.ation of the competition of swiss managers to keep their best private bankers. time for smart charts with abigail doolittle. starting with the s&p 500. yet another record high. abigail: yesterday, all-time high. today, a record closing high. other asset classes. katie stockton, thank you for joining. you have a list view. talk to us about whether or not you think this breakout will continue and where you think it may be going. katie: they removed resistance from the chart, so that is a good thing. reflect positive momentum. the last major breakout was 2016. proceeding that, we had a trading range characterized by downside volatility. you saw a nice followthrough in 2017. it entered the consolidation phase, now advancing to all-time highs. the breadth, meaning we are seeing good participation on the rally. it does reflect participation. abigail: in that previous example, it looks like we went from roughly above 2002 a little bit low 3000. if you were going to play this forward, how high

julius bar and this is what he had to say. >> we had some outflows and if i had that back, we are actuallyrget range of four to six percent. if i look at margins and revenues compared to the second half last year, they have recovered. david: so he's the outgoing c.e.o. we had a short term but he was brought in to clear the place up. >> that's exactly right. he was there for less than two years, and so the new guy has a job to expand inflows again. but let's be clear too we were also in a market where most of the growth is coming from asia for a lot of large firms. last week the u.s. firms had really strong numbers. so to have lower inflows is a little bit of a concern, but, you know, it's a new era, i guess, for somebody else. alix: consolidation. how much more has to go on this face? >> that's the number one question. there are one of the biggest firms in switzerland but really around the world, people are looking for growth in the wealth management space. a lot of folks are looking for wealth growth abroad but what's interesting is europe has some of the slowest growth rate right now. da

. >> stephen: julius caesar. really? >> stephen: great writer.stephen: unbelievable. how would you rather die if you had the choice? you can't just die in your sleep. >> stephen: how i would imagine myself dying or like to die? >> how would you like to die. >> stephen: how would uh imagine dieing? >> is it falling on a spike? >> stephen: no, no, no. because, no -- >> stephen: that's my weird dream. i imagine i'm fitted with a mask and a small trickle of water fills the mask up to my nose and i'll have to keep drinking it or else i'll drown. ( laughter ) ( piano riff ) ( applause ) i can't imagine. i've got to stay awake, got to stay awake. >> that's good. >> stephen: how about you? i don't know, i just lose all my faculties. i'll be in a bucket with, i don't know, just no arms and legs in my own urine, just wine going in and not coming out and me going, nurse, change me. ( laughter ) hopefully, when i get there, i can weird into some sort of cvs and say, give me the pill and let's do it. you can tune in to great questions and chats like that. >>

our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law at columbia law school, an expert on antitrust, copyright and communications law and a contributing opinion writer for "the new york times," including "the master switch in the curse of bigness." professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the american academy of arts and sciences in 2017. he received his bachelor's of science from mcgill university. fiona scott morton, a professor at the university school of management. nationally recognized as a leading scholar and published articles in leading economic journals. from 2011 to 2012 she served as deputy assistant attorney general at the united states department of justice where she helped enforce the nation's antitrust laws. the third witness on our panel is stacy mitchell, co-director of the institute for local self reliance. she spent years working with policymakers and grassroots organizations to help develop city, state, and federal polici

whether it's the star of david, julius, a cross that's christian, they are all sectarian.is is the way they want to get rid of the sectarian symbolism, it goes back to something basis. we are religious people with religious heritage, we have secular and religious monuments. that's okay. >> laura: i argue there's a lot of secular religions out they are demanding fealty, the various movements with their own symbolism. a lot that are not officially declared it but just as dogmatic. congrats. >> thank you. great day. >> laura: thank you so much. when we come back on the special edition of "the ingraham angle," raymond arroyo goes to a trump rally to find out what patriotism means on this fourth of july. he's going to share what he found next. >> it's a movement made up of hardworking patriots who love their country, love their flag, love their children, and who believe that a nation must care for its own citizens first. together, we stared down a corrupt and broken political establishment. >> laura: welcome back, a special edition of "the ingraham angle," for god and country.

instead the world's most famous arena will be hope to julius randle, bobby porter and taj gibson. fought on the marquee, and then the wizards, not a winner, not e r, trying to hold serve dealing with a john wall injury and toms bryant will be back. that's a plus. s last seasonecond in the league averaging over ten points and 6 rebounds per game. the wizards bring in solid point guard and they needed to with satoransky who is bulls bound and as mentioned bobby port sis headed to the knicks, but our top available free agent doug kammerer. >> oh, my gosh. >> and you know he went to that tball powerhouse unc, northern colorado. a lot ofupside like his forecasts, he also puts high pressure on his opponents and the downde known for the occasional heat check. i can hear it now.p er doug from downtown! >> those are the john ocstkton shorts. >> that's the first year we got the long shots in herndon we actually got the long shorts. i believe that was '92 or '93 right now. also got the adidas that i could dunk in, yes. >> and it wasn't a nerve basketball which was a good thing. >> that's our

even julius caesar did that. he might have had to borrow the money, but he paid for it.ead and circus, and that's the road the president seems to want to take us down. >> governor, you just made a bunch of references that donald trump is not going to understand, so i have to break it down for him, if you're trying to get through to him. but i do want to get your reaction to what we saw in the justice department today. this is an extraordinary moment where a federal judge is saying to justice department attorneys what did the president of the united states say today? and none of the legal minds involved could explain to the judge what the president meant by what he said. >> well, of course they didn't want to even try to do that, because the president said that what happened in the supreme court and what his justice department had represented in the court was fake. fa-a-k-e f-a-k-e. if you lead the tweet, it's in capital letters. the reason it's fake because it's not what donald trump wants to have happen, because we wants the world to conform with what's going on in his

the time of our american revolution, our soldiers used to have chants warning against people like julius cromwell. the idea that we need to militarize the fourth of july in this frenetic display of tanks and airplanes seems to me to be a mistake. i think president trump is better off when he was golfing and giving people a rest from politics of that nature, partisan politics on july 4th. but alas this is what he wants to do. let's hope it goes off well and we can all put it behind us. >> all right. so you give us that historical perspective going back to the founders. it's not as if there haven't been political displays on july 4th particularly aimed at the president or around the president and his policies. richard nixon july 4th, 1970. take us back then. >> that was nixon, you know, vietnam war going on. there was a big counterculture protest. he decided he wanted to do an honor america thing just like donald trump is doing. and it's very, very similar. nixon had reverend billy graham bring the christian element into play. bob hope was the impresario of the event. j.r.hallediman wrote

julius was the other bar. all mafia run. and strange to me being sort of a macho kind of college student wearing square weight lifter bit, you know, young, wearing lacoste shirts. but the stonewall was an amazing place. and i would go in early in the evening before we went down, way down towards the river towards that new bar, danny's, which i haven't heard mentioned. so i went in at about 10:00 in the evening, to stonewall, maybe after some of them, just walked through. it seemed all right, seemed normal early in the evening. then i walked down to danny's. well, when i came back, maybe two hours later, it was -- and i haven't heard this in the movie or the commentary that i saw on c-span last night, a wonderful program, of people that were there. but i would say the queens, they were the bravest. they were lighting garbage -- i saw this. they were lighting garbage pails on fire from the outside and throwing them in threw the big window at the -- you know, the police were inside at that point. who else, i don't know. and so

after putting one more disappointing quarter in 2017, you know what happened well, julius stewart resigned. you know liked her on the show. it takes dine equity nearly six months to find a replacement then settle and takes over september 2017 now the stock literally bottomed -- literally bottomed the day before the announcement and this stock has not looked back i mean, talk about a turn in the flap stack how has joyce pulled off this miraculous rebound first, took a few months to figure out what the company need in and in february of last year rolled out the plan and picked up at applebees. so first he rebranded the company from dine equity super official but catchy and shifted sources. they would be able to more quickly respond to changes in the competitive environment. people want more taco stuff. you get it this is certainly more insync. how many days old is this food can i eat it without dying >> you can eat it. we just got it. >> he brought in a new leadership team and embraced analytics -- not as good to figure out customers, my mother always said you cannot talk with food in your m

you have julius baer.ere a differential in the story of banks or is it all pretty awful because of a negative slope in europe and cutting rates in the u.s.? >> i think you are right. wealth managers are in a better position than the rest of us, the rest of the banking sector. they have positive spreads, higher returns on equities. is higher than the cost of investment capital. wealth managers are in a better position than the banks themselves. that's probably the area where we will be looking at. thinking about slashing the evidence. -- dividends. i know the market is going to hate it. is quite controversial. i applaud them for having the courage to do that. it's against the trend. it's against general logic. returning a lot of capital to shareholders. that has not helped. it's looking at underlying activity, that's far more important than give money back to shareholders. thank you very much. great contribution this morning. keeping us fresh on day bricker. coming back, the stunning headline is the cut in

julius baer down. they named a new ceo. those are highlights to the down flow.aiting on an opening price. we'll bring that to you as soon as we get. they unveiled a radical overhaul, cutting jobs in the bid to boost profitability. the ceo told bloomberg where the lender is focusing its efforts. >> corporate banking will be the greatest growth driver in the franchise as we see it growing forward -- going forward. that may change in the future. for now, we see growth opportunities that existed for several years and perhaps not been able to produce pay as much as we could or should have. we see growth in the private bank. anna: joining us from frankfurt, guy johnson. you were making and adjusting point about the share price react -- making an interesting point about the share point reaction. it is something, up 2.5% right now. there might be disappointment such radical moves have not sparked more of a share price gain. guy: yeah, that's probably fair enough. it was up over 25% on friday. overbear that in mind -- .25% on friday. just bear that in mind. 7.5%. trading

. >> no disrespect, julius randle is good player nobody wants to be here.s the most pafembarrassing my son, i have no son, he wants a kyrie irving, i don't know how to talk him out of it. >> you balked on paying durant >> you know why? this is the most disgusting part it doesn't matter how bad the team is. this place is packed every night. they have absolutely no problems selling merchandise, selling food and drink, selling tv rights it's always packed one of my partners actually bought season tickets this year. and not only was there a huge waiting list for the good seats, he actually had to put up a $3,000 bank fee, they call it, for the first time ever they're doing that to initial season ticket holders he asked why and there is no reason why, because they can actually that's the disease with this team. they could lose 82 team. they can lose 82 games in a season and sell the place out. there is no other franchise in the nba that's quite like that, and that's why the incentive is not there for the team to get sold or for someone to get serious about doing

of johnson and the autobiography of benjamin franklin and the confessions of saint augustine and julius caesar's commentaries on the war. one work that particularly caught their attention was the autobiography of benvenuto cellini. how many of you have read it? you should all read it. it's fantastic. the thing that makes this so interesting is that it is a work of supreme egotism. schilling is convinced that he was the greatest artists that god ever put on the earth and t comes through on every page. but he tells the story in a charming enough action untruth -- a mature and not put off by it. you're well enough to go along with it. so i have the students read a selection where cellini is providing a masterwork and becomes very frustrated with the type missions. he has cast the original mole and now just left the technicians to mount the bronze in poorer then. it's a very complicated mold with a statue of hercules with the head of medusa and acm. and it's real complicated because it has to go from the heel all the way to the tip of the army through the snakes coils and ad them everything

call that was julius last today on "washington journal.", if you want to watch the poll, the headline is trust and distrust in america. we hope that you join us tomorrow. we will be back for another at 7:00 a.m.urnal eastern, 4:00 a.m. pacific. in the meantime, have a great monday. ♪ >> 1979, a small network with an unusual name rolled out a big idea, let viewers make up their own minds. c-span opened the doors to washington. policymaking for all to see bringing you unfiltered coverage from congress and beyond. today, that big idea is more relevant than ever. on television and online, c-span is your unfiltered view of government so you can make up your own mind. brought to you as a public service by your cable or satellite provider. announcer: a look at the new york daily news. trump bill permanently bankrolling 9/11 victims fund, but a bitter taste remains for survivors. part of the article saying, the president is expected to sign the bill, aimed at easing that they the pain infected on 9/11 victims, but for some the pain will never end b

while headcount isn't going down too much in that wealth management business, julius baer loweresterdaywed growth in net new money, so we are seeing them hold steady in wealth management. david: our second story is td ameritrade. sort of abruptly stepped down, which raised attention for may be where they want to head. sonali: it is interesting. just a year ago our reporter asked him whether he would do a big deal, e*trade maybe. he said scottrade, which he came in and did a year after he came into his position, was kind of a distraction the last couple of years. the pressure is not going to go away, especially when jp morgan is bringing the game down. this says maybe they will be again,, day -- two m&a but we will see. they are not the first brokerage on wall street where we are seeing changes at the top. david: there are quite a few job openings, actually. alix: in the last story has to do with jeffrey epstein. the list of how it engulfs wall street, when we first started talking about it, we were like, i don't think it really does affect wall street. now it is starting to. sonali: "th

our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law

bruce is the julius silver professor of politics at new york university, a senior fellow as stanford's hoover institution and a partner in selectors llc, a consulting firm that uses his gain theory investments to address government and business problems. a member of the american academy of arts and sciences and on the council on foreign relations. a former guggenheim fellow and 2007 dmz peace prize. he is the author of 21 books, including the spoils of war, greed, power with alex smith, dictator's handbookk, the prediction years game using the lodge irk of brazen self-interests to see and shape the future and my favorite the logic of political survival with al ster smith, randall ciphererson and james monroe. he is author of 140 articles and numerous pieces in major newspapers and the subject of feature stories in the new york, "the wall street journal," the economist, u.s. and news world report, independent, financial times and a two hour documentary about his political forecasting. he has a doctorate in political science from the university of michigan and doctorates from the univers

this includes new commercials featuring street magician julius dein who uses tricks to educate teensd like this. watch the vape. here we go. you went from vaping to trying cigarettes. boom. >> oh -- >> cool. >> boom. >> oh. >> you're more likely to start smoking cigarettes. >> i don't want to hear that, but i hear it. >> don't want to hear it, but he hears it. the centers for disease control says more than one in five high school students and nearly one in 20 middle schoolers vape. for high school students that's about a 78% increase, wow, between 2017 and 2018. >>> tomorrow and thursday a house oversight subcommittee will look into the role of the e-cigarette maker juul in this teen nicotine epidemic. anti-vaping advocates and representatives of juul are expected to give testimony. in a statement, a juul spokesperson said, quote, we share the subcommittee's concerns about youth vaping and welcome the opportunity to appear and share information about our commitment to eliminate combustible cigarettes and our aggressive leading-actions to combat youth usage. ctm correspondent anna wer

. >> reporter: the new ads called magic features street magician julius dean who magically turns a teen'swho vape are more likely to start smoking real cigarettes. >> they think it leads to cigarettes. >> reporter: some e-cigs and vape pens have come under fire for marketing that critics say ames to young people alarming parents and health professionals. like traditional cigarette, e-cigs contain nicotine which is addictive. >> nicotine to the developing brain is harmful and increases the likelihood that they'll become lifelong addicts. >> reporter: the juul ceo apologizing to parents of kids using his company's product, recently telling cnb-- >> it's not intended for them. i hope there was nothing that we did that made it appealing to them. as a parent of a 16-year-old, i'm sorry for them and i have empathy for them in terms of what the challenges they're going through. >> reporter: for "good morning america," i'm janai norman, abc news, new york. >> our thanks to janai. dr. jen ashton is here. before we start discussing, let's bring in the audience here. raise your hand if you or please

think about juicy and -- julius rosenwald, who was the person who founded the sears company.ve the equivalent of hundreds of millions of dollars to build schools in the south for blacks after the end of slavery. i think you are not giving people enough credit when you think of just these foundations where only white people give to other white people to solve problems that really do not exist. i also think people underestimate -- when we talk about the biggest donations in the country in recent years, a lot of them have gone to universities and other kinds of medical research. that kind of research benefits everyone because we all get cancer, aids, and these diseases. giving 500 million -- 500 million dollars to a university to research cures benefits all of us. how is it is -- how would it -- how is it beneficial to people among the oppressed minorities if we force people to direct their money away from medical research, where they wanted their money to go, and into urban activism causes? from let us talk to tommy tennessee on the independent line. good morning. caller: good

the founders were very clear that people like julius caesar and oliver cromwell were what we were notposed to be. on this most patriotic day, we have a president that acts in a very unamerican fashion. >> there is reporting that there is concern in the white house that the crowds won't be big enough and this is going to be sprayed from the concert and so on. they are worried more people will go to this traditional event rather than necessarily here at the president's. to the question of his speech, we know that he has been advised to keep this a political. what are you hearing? how concerned are republicans and the white house that he will go off script and what was written for him and veer into political territory? >> when he has stayed on script and the attendance thing is everything people in washington are talking about. inauguration was 2.5 years ago and we are still talking about crowd size. this could backfire if the crowds don't show up and i could say i was at the rolling stones concert and mission jagger mentioned the attentions and the stadium erupted in boos. there is not