kaplan does not make the cut. i urge my colleagues to join me in doing what president trump has failed to do, and that's to put workers first and vote against this nomination. thank you. i yield the floor. the presiding officer: the clerk will report the motion to invoke cloture. the clerk: cloture motion, we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of marvin kaplan to be a member of the national labor relations board, signed by 16 senators. the presiding officer: by unanimous consent, the mandatory quorum call has been waived. the question is, is it the sense of the senate that debate on the nomination of marvin kaplan of kansas to be a member of the national labor relations board shall be brought to a close. the yeas and nays are mandatory under the rule. the clerk will call the roll. vote: vote: vote: the presiding officer: are there any senators wishing to vote or change their vote? i

kaplan. one of the programs administered by the department of commerce is the privacy shield agreement of the united states with the eu, t he eaa and switzerland. the menstruation has continued to emphasize their support of the agreement, but there is some concern about the program's durability. how you intend to make sure the whole world is open to the u.s. digital trade, including any views you have on the privacy shield agreement? mr. kaplan: thank you, mr. chairman. i think the privacy shield agreement is very effective and very useful. i have heard of some of the problems expressed on the european side and the court of first instance looking at some of these issues. i will work closely with our legal team and with the eu to make sure we keep that program very strong because i have heard many good things about it from many companies that use it. in terms of making sure the whole world is open for u.s. digital trade, ita is uniquely positioned to be able to help with that. we have exceptio

kaplan?g these types of issues and that those pose a real risk to growth going forward, but i think her aim is to maybe not disrupt the markets too much. she will signal that yes valuations are a concern, but she will highlight that perhaps they are justified given the greater regulation and capital requirements that have been instituted since the financial crisis. david: if the fed does the way of mr. kaplan, does that make mr. draghi's job more difficult, if not today, than in general? we will have not as strong dollar. carl: regardless, president draghi's job will get more difficult as the ecb is moving closer to the point where they have to start pulling back on policy accommodation. if we look at janet yellen and mario draghi's track record as a professional diving competition, yellen does a better job because she makes less splash in the financial market. draghi tends to make these comments on do whatever it takes and whatnot that impacts the market. i think that is the bigger risk toda

kaplan. >> mr. chairman i'd like to take the moment to ruth acknowledge my wife for her support and those who have worked with me over 30 years . en maya partner who was held the through the confirmation process. and then to sacrifice their husband. go ahead. i am sorry. [laughter] >>. >> it is a great honor to be here today with the nominee with theaters equity wonder -- undersecretary when i was said deputy assistant and i continue to be deeply impressed with the careful attention this committee gives to international trade. even with the entire career i was fortunate enough to run administration under president reagan with those countervailing duty cases including agricultural and semiconductors now called enforcement and after leaving i devoted myself to represent the american companies and workers in a wide range of trade cases san policy issues i filed then prosecuted those countervailing case to the ever. if i am confirmed to develop those international competitiveness of the manufacturing ba

haidi: that was robert kaplan speaking with kathleen hays at jackson hole.ct when it comes to that jay y. lee trial. aboutak with the writer the rise of the samsung empire and the fall of its heir apparent. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. announcer: from our studios in new york city, this is "charlie rose." charlie: bill gates and warren buffett are here. gates philanthropy focuses on -- warren buffett is chairman and ceo of berkshire hathaway. the two have famously been friends for more than 25 years. together they started the giving pledge in 2010, they donate it encourages the wealthiest two donate the bulk of their wealth to charitable

later today we will hear from robert kaplan.in jackson hole. -- will sit down with him in jackson hole. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." i am taylor riggs. apple is making a new push to be in your living room according to people familiar with the matter. tvy will outline a new apple able to stream for gay video and news and sports. there is speculation rockwell collins may be moving closer to a deal with united technologies. bloomberg news reported that united technology has made an initial offer for rockwell collins. a challenge to boeing and airbus, make your new model able to sustain the longest route in the world. nonstop fromfly sydney to london, 18 hours. the new planes will be able to do that. that is your bloomberg business flash. david: in washington, tension continues to boil over between the white house and congress over the debt ceiling. president trump has been blaming the gop, calling out mitch mcconnell and paul ryan in a series of tweets. from our bureau in d.c., let's start with thi

rebecca kaplan says train traffic has doubled since 2003. of fire truck could get stuck behind a train. firefighters estimate it will take $2.5 million to staff for firefighters at station two.>> oakland is the fourth biggest port on the west coast without a fire boat. it's a normal cost of business for a port city. >>reporter: councilmember kaplan said there is a fee that was developed in that would be appropriate money for station to. a report will come out to see how much the taxes generating.>>> coming up, a guilty verdict for the former drug company ceo known as 'pharma bro,' >> this which is -- it's a witchhunt. >>> blue apron is in trouble, just weeks after they went public. >>> former pharmaceuticals ceo martin shkreli was convicted on three criminal counts in the federal securities case against him. the man is been dubbed 'pharma bro,' was found guilty of securities fraud and conspiracy to commit securities fraud and wire fraud. prosecutors showed he duped several investors and putting millions into hedge funds that he ran and used

, and jay powell tomorrow janet yellen and mario draghi >> kaplan. say what >> kaplan. >> done. >> i'll try to correct that for you next time. >>> federal regulators say they don't plan to block amazon's $1 billion deal to buy whole foods. the federal trade commission making that announcement whole foods slightly higher. interesting numbers from uber, reporting a 16% jump in quarterly bookings it posted a loss of $645 million, that's a 9% smaller than the loss in the first quarter. trip requests from riders more than doubled over the past year. the positive financial results come amid a slew of corporate scandals for uber, including a legal battle between benchmark capital and its former ceo travis kalanick. >>> lockheed martin and ratheon will work together to create a new cruise missile then the pentagon will choose a single krancontractor for engineering, manufacturing and deployment of the missile. >>> facebook reportedly picking andrew bossworth to lead its consumer hardware reports. this as facebook will have a video device available for next s

up next, we bring you our interview with robert kaplan.ion target. this is bloomberg. ♪ ♪ let's get over to nejra cehic. she has your stocks to watch. a bit of pressure in these retailers. what a move. asra: price cuts are coming amazon takes over whole foods. adidas also down. this is a separate story. record growth this year can be sustained going forward. the stock is lower 1.4%. upgraded.-- zalando manus: thank you very much. you have all of the retailers under pressure. tesco down 1.8%. let's get the other side of what is going on around the world. sebastian: global markets affected today on speeches from mario draghi and janet yellen. the two speakers have taken opposite sides of the debate over inflation. -- there willly probably be another chance to raise interest rates again. robert kaplan said -- was more cautious. >> i haven't lost faith inflation will get back to its 2% target. forces and theal models that would have suggested what the cyclical forces, the impact they should have are being offset by new forces, which you can un

we also talked to robert kaplan earlier today on tv.hays asked kaplan about trade and what it will take to boost economic growth. t: i think global trade is an opportunity for the united states. i think a lot of the dislocations might have been because of globalization. today, it is more likely dislocations are incurring because of technology-enabled disruption and other structural factors going on, as well as cultural, where people prefer to live in urban areas. those are bigger dryers that glow was nation. my concern is, if we attribute these problems to globalization, we will make poor decisions. trade and immigration are examples. the trade relationship with mexico is a good example. 70% of u.s. imports to mexico are intermediate goods, not final goods. these are good going back and forth across the border that are part of sophisticated logistics supply chain management that have allowed u.s. companies to be more competitive and keep jobs in the united take that we didn't have those that -- that we did have before. if we didn't have

kaplan and mr. bassett by have to hurry. for what we discussed in an office mr. charrow of like to have something on the in 1986 i called for ame the false claims act empowered whistle-blowers to help the government identified prosecute fraud taxpayers. since 1986 amendments recovering $53 billion of public money and lost to fraud. 53 billion came from the health care sector to you in those false claimsms act case is? i want to be sure you can be objective and recognize that as a'' crucial tool to fight fraud. with medical party funds are subject to the false claims act. day you have any bias and with your vice to department of hhs with those efforts to combat fraud office. >> also represented the plaintiff of the false claims act and i have a bias. >> i very much appreciate the way you address those key issues in your opening ing ement.t. with a set of financeto committee the affordable care rackedcare is a lot of the land in to see that it is carried out and that is very constructive. and with the department of health and human services so the controversy that

president robert kaplan. robert kaplan. almost one hour into the trading i'm here at the td ameritrade trader offices. president robert kaplan. almost one hour into the trading steve, other than making me move stuff, session. squawk on the street continues in just a moment let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. >> white house and donald trump's son-in-law jared kushner met with benjamin netanyahu today. he's part of a team looking to restart peace talks in the middle east. 8 people are still missing following a mud slide in the swiss alps the force of the rocks of the mud slamming into the small town was the equivalent of a 3.0 earthquake you're up to date. that's the news u

jenny kaplan is outside of whole foods in manhattan.ve speculated this would become the case. but did amazon make any kind of announcement or whether advertisements in the store? amazon announced on thursday that today, the first day of their officially owning whole foods that they would reduce prices. they did not previously forecast what those reductions would be, but we have since learned they are down as much as 43% for certain items around the store. they particularly marked down produce, certain items like avocados and apples. certain types of organic apples, bananas, things like that. it is pretty phenomenal price cut. i imagine it's not on every single product. when you walk around whole foods, do you see more customer traffic because of it? i know we should wait for a few days, but any other kinds of change amazon is now the owner? one major change is right when you walk in the door. there is a whole span of amazon echoes. they are selling it inside this whole foods on -- in manhattan. when you walk around the store, the differ

kaplan,o bring in jenny who is outside a whole foods here in manhattan.hey certainly do not waste time. part of amazon's strategy. they want to change the reputation of whole foods. they better do it now. jenny: they certainly have not wasted any time. amazon owninge, whole foods. they have cut prices on some items. a lot of whole food staples like , farm raisedfresh tilapia, and different grains and proteins they have cut prices on already, day one. vonnie: that is jenny kaplan outside 57th street, whole foods in manhattan. for more analysis on how amazon is changing the grocery industry, i want to bring on a senior research analyst, who is in manhattan. is great at getting in there and slashing prices. at what point does it worry about margins? >> i think they're all about market share and going after it. we found around 32 items in the store this morning that were about 25% lower than they were the other day. i don't think they are really too worried about it. i think that until wall street really puts pressure on them to make more of a profit on the g

just listen to esther george and robert kaplan speaking to us in the last 24 hours or so. you look at our wirp function probability of a rate hike by the end of the year, 50%. which will win through when it comes to the likelihood of another rate hike this year? andrew: this is such a difficult question right now in the december rate hike. i absolutely agree it is entirely dependent on inflation. i think we have to be extremely humble. this is something we do a very poor job of forecasting. i think anyone who has tried to forecast it would admit that. it is not like economic growth we of business cycles and you know what you are in the cycle and if you are in the upswing or downswing. this is something that has been in secular decline for decades. when we look out to december and we kind of do a bottom-up forecast around inflation, we see enough strength in some of the underlying components that we think we might just get there, and that is our probability of a rate hike by december right around 50% so i think this is a you have to be watching the data. if the inflation da

be patient, that is the message to the federal reserve from robert kaplan.re he thinks about hiking. draghiellen and mario speak in jackson hole next week . jim, we had these comments from robert kaplan. we assess over every comment. fluxolicy that much in that we do not know which way it could turn? what the idea is. with the economy doing well and unemployment low, inflation is not where they wanted. it is not a surprise they want to be patient. the problem is, policy rates and interest rates are artificially low. the economy has gotten back on its feet. history tells you the problem is, once we get back on our feet , we veer off the road again. one of the reasons, we get policy rates at the not the right level. the president of the federal reserve bank of austin has made the case, when you have an economy like this it is better to get policy rates back to normal so we don't cause problems that we may not be aware of today. that thereurprising are mixed views at the fed and some want to be patient. inflation is the ultimate goal of the central bank. you ha

vonnie: that was the dallas that will reserve chairman robert kaplan speaking with kathleen hays. a brexit backer going into more of thejohnson, significant climbed out of the league campaign. as is bloomberg. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. mark: i am mark barton with the european close eight minutes away. boris johnson softening his brexit. another brexit supported making acknowledging the u.k. will have to pay to leave the eu. he said we will meet obligations and keep in mind that this -- after saying the bill was extortion. chief is here.au >> he said the eu could go whistle if it thought it would get any money from the u.k. with brexit. he said today, he really meant they wanted 100 billion euros. he is falling into line. it was a silent summer for him. we were wondering what he was thinking. saying that a transition would be ok, others were saying but he was silent. we do not know if he was planning a leadership bid. he said a transition of one year, two years, three years is fine. united?e cabinet is >> to an extent, chance

happy to be joined by oakland city council woman kaplan and the head of the panel. thank you for joining us. >> thank you. >> how did you whittle down the list to the 28 finalists? >> we interviewed everyone who applied to be on the panel. we had round one of interviews over the last couple of weeks. there were three sub committees, a selection committee. each sub committee interviewed 35 to 46 of the original candidates. and then sub committee submitted names for round two of interviews, which begins this evening. >> what were you looking for? what quality or interest and perhaps what concerns. >> we were looking for -- i can speak to my sub committee. we were looking for people unbiased, who had a love and dedication to the city of oakland and wanted to see the city do well and prosper. and this police commission is a big deal. the strongest police commission we have in the nation. of the first time that oakland has had a police commission. we were looking for people who would do a good job and unbiased and would look at the facts and evidence of the cases before

kaplan learning company. customers contact the maker of panel craft for replacement. >>> check your iphone case. if it has liquid glitter swirling inside it may be under a recall too. recalled 2,000 liquid glitter phone cases. liquid can leak causing skin irritation and chemical burn. 24 people have been hurt. cases sold at nordstroms, vic m victoria's secret and smaller chains. >>> jogger attacked. now police trying to track down the masked gunman. >>> we got a muggy morning with not a lot of a breeze this morning. in fact, calm in center city. live view of the flag on top of the building. 75 degrees at 6:26. neighborhood forecast coming up, but first, jessica boyington is in the first alert traffic center. >> bill, we're watching a lot of construction this morning. schuylkill expressway, watching it right around gladwyne. have lanes blocked there. tell you how long when i come back. stay there. sic) (group) surprise! oh my goodness! happy birthday! oh, you. (laughing) this was a wonderful surprise. you know

c --carolina:es por eso que pablo kaplan creÓ una fundación para proveer las sillas a la gente que loque aparentemente no nos estÁ escuchando. vamos a preguntarle apenas solucionemos esto. es una iniciativa muy linda que los lleva a inventar la idea de ayudar a las personas ccon necesidades especiales. lo hace a travÉs de sillas de rueda. carolina: hechas de plÁstico, cuestan unos 100 $. las hacen diferente colores.muchos niÑos que son discapacitados no pueden ir a la escuela porque no tienen los medios para llegar. quisiÉramos saber si pablo nos escucha, una vez mÁs, pablo nos escucha? [silencio] javier: pablo, de todas formas muchÍsimas gracias. vamos a seguir con otros temas. vamos con redes sociales. carolina: antes de todo quiero decirte que me molesta mucho, cuando te mando un mensaje de texto y no me contestas pero, hay una aplicaciÓn. me voy con carolina para que ella me cuente de la aplicaciÓn que la creÓ un padre de familia que como yo se desespera cuando mandas un mensaje de texto a alguien, especÍficamente a su niÑo y no contesta. >>un papÁ preocupado porque su hijo no le

kathleen hays says robert kaplan calls for patients. >> you have to adapt to reality.faith that inflation may get back to its 2% target. you have to understand that historic cyclical forces in the models that would have suggested what the cyclical forces, what the impact they should have are being offset by a new force, would you can understand mainly by looking at industries and companies and talking to ceos. i think those are having an immediate effect on inflation. it is not black or white. weis that we may well find can run a lower level of in order to build be cyclical forces to overcome some of these structural headwinds we face. it is more that we have got to adjust and adapt. there is a lot of talk in japan, people walking the bank of japan saying, the 2% target is realistic. why don't they give up that target and adaptive lower target? is that something be fed to consider? >> i say no. we have a history in this country and we went through in the great depression and japan is concerned about it. it is deflation. high inflation is not something you want. you als

they have to all come down in the outlook for how far the fed thooz has to go in e rate hikes ka kaplants o see more progress before raising rates again he wants to reduce the balance sheet soon we have to monitor this as to whether or not the long term rate for fed oeflz and where they think the funds rate is going it closer to 2% than 3%. sarah? >> i ghaes would have implications for how many times they raised rates and how fast thank you. >> and fixed income markets and the sense where the two year ought to be correctly priced. >> our steve liesman following the fed. for more, let's bring in mike kiesel, managing director of global credit at pimpco to talk about this market. we've bun talking about how calm the credit market has been clearly it's reacted to the heightened volatility this week. do you see any big signs of cracks in the credit market that stock investors should be paying attention to >> well, i think one thing, sarah, and, you know, we have been at pimco derisking throughout this year as the credit spreads have tightened. we've been taking risk off the table. there's b

joining me is james kaplan.lewis in 2004 for "the new yorker" and he also wrote, co-authoring the biography, dean and me, a love story. it's great to have you here and it was fun to watch keith's piece with you, kind of bopping along getting to ask questions. >> it's great to be here. it's a sad day. >> you knew jerry lewis personally. >> yes. >> how much did we really know jerry lewis from his illustrious career and his movies, with the telethons every labor day. did we really know him the way we think we did? >> he was a complicated guy and the complications were summed up in "the nutty professor" when he was jekyll and hyde in the movie. he didn't suffer fools gladly, and he was a brilliant man and we lost the last of the great lizards and the guys who walked, frank and dean are gone. >> i thought that that was kind of the jerry lewis persona, the goofy guy that then turns into the suave cat. >> yes. >> and then getting to know him, "i'm 44," and 44 years of muscular dystrophy telethons every labor day. this

a couple of fed officials made comments today including kaplan. hole symposium coming up next week. our people starting to think the fed --the fed could be a risk? >> i would not have thought so in the sense that the market narrative to the minutes yesterday was a dovish interpretation in terms of the public discourse on inflation. that was ay thought little misplaced. in the sense that people tended to focus on the notion that many members of the committee said there were downside risks to their inflation workout. inflation ish under shot, if they did not recognize risks, what are they doing on the committee to begin with. on balance, they did continue to of firm their insulation framework in terms of the phillips curve. fed could bere the andreat to markets concerned about financial stability, including tightening policy, not because there is too much inflation at the grocery , walmart, or amazon, but because stocks and bonds are too high and they are worried about when it all goes horribly wrong. from that perspective, kaplan made some comments

mat kaplan: we are going to leave it it there. i for one am excited about my same day amazon prime directory -- delivery on the moon. something to look forward to. we need to get going because there are many, many more sessions. my boss, the science guy, likes to say that nasa is the best friend that the united states has. if he is right, i think he is, then the three people getting up your have much of the credit and responsibility of maintaining that reputation. as we reach out for the red planet, gentlemen, thank you so much, and keep it up. [applause] >> thank you. and by the way, someone is still having his or her luggage outside the door sitting there. we will send it to the moon soon unless you really care to take care of it again yourself. sorry about that, but it really needs to be done. -- next speaker, craig williams, has served as a deputy attache administrator for policy and plans in nasa's human administration directorate. don't you love these long words and long titles? he helps charting the future course of nasa's

>>reporter: the councilmember rebecca kaplan said train traffic has doubled and a fire truck could be stuck for as long as 15 minutes. firefighters estimate it will take 2 1/2 million dollars a year to staff firefighters.>> oakland is the fourth biggest port on the west coast, we had the only ones without a fireboat.>>reporter: there may be money, last year city council approved the development fee. the councilmember said it's possible and more than appropriate to use those funds to service another fire station are reopen fire station two, in the fall a report will come out and city council can vote. >> our station is right by jack london square, those trains are no joke. you get stuck because they go so slow. going back to the fireboat, is it ready for use?>>reporter: it is not. there will be work that needs to be done on the boat, it's estimated to be $250,000 worth of new pumps. >> lee martinez in jack london square. >>> the san jose unified school district installed more gender -- transgender bathrooms. they plan to have gender-neutral bathrooms at all campuses by the end of the y

we will hear from robert kaplan. that interview at 9:00 a.m. new york time. let's check in on the news with emma. the commander of u.s. and nato forces as the influx of american soldiers to afghanistan will continue. the move of u.s. troops will train afghan security forces. the pentagon is likely to spend about 4000 troops. a hurricane warning is issued for parts of taxes on the gulf of mexico --texas on the gulf of mexico. tropical storm harvey could become a hurricane by tomorrow. texas has not been hit by one since 2008. oil workers are leaving platforms and airlines are preparing for disruptions. china is accusing the u.s. of sabotaging the international trading system and will defend its interests and necessary. at issue is the u.s. investigation into china's intellectual property practices. the trump administration will determine whether china's actions in areas such as technology transfer are unreasonable or discriminat ory. migration has fallen to a three year low in the u.k. 81,000 from the year earlier. global news 24 hours a day powered by more th

an author and historian in the wasaw ghetto, his name kaplan, and he said it is remarkable when we don't seem to need it at all, we need poetry more than we need bread. and it is true. souls really need to be nourished. i think our ability to express ourselves, to think for our own godliness. guns have reigned over our heads, did not stop from celebrating. we pulled the window shades down, and we celebrated. , heroic the ghetto teachers met with children in little rooms and taught them to hold onto their imaginations and trust in love. that, the theater and the poetry was done clandestinely. estelle laughlin: it was a capital crime. capital offense. >> in the ghetto there was a large wall built around the ghetto to enclose you. will you say a little bit about that? estelle laughlin: it is hard to imagine, but your horizon is closed, that you are in prison. the rays really much more to say -- there is really much more to say that how terribly undignified this form of life was. struck, estelle, by something you wrote. you wrote children followed adult examples to resist barbaric laws. in o

the sets were sold at kaplan early learning company, panel craft and tout about toys. >>> let's get youone final check on the forecast this morning. >> right now we're looking pretty good. real quiet out there, more clouds than sun for a lot of us, temperatures in the 80s. we're going to climb through the day to the low 90s, that humidity going to make it feel even hotter. if you've got at the weekend we're going to start to see temperatures cool down. a lot more rain chances present themselves today, this afternoon as well as your thursday afternoon. >>> nope, your eyes are not playing tricks on you. that is a steer running wild through a neighborhood in colorado yesterday morning. police say the steer escaped from somebody's property. a few guys from a nearby ranch were called in to corral this guy. took them about five minutes or so. they accomplished what officers could do for two hours. eventually the steer's owner showed up to reclaim it. >>> that's it for news4 midday. we're back on the air this afternoon with the news you missed first at 4:00. z2e2bz z1a2z y2e2by y1a2y >>> stand

we will look at the september meeting with rob kaplan from the dallas fed, told us as well he is waitingsee if there should be a rate hike in december, he does not rule out an earlier rate hike. there is a possibility it could rise, but i think this is something that has been brewing for a while. mario draghi was surprising. kuroda says inflation is so far from target it is not a surprise. su: thank you so -- betty: thank you so much for that exclusive interview with governor kuroda. more headlines expected to continue to pour in over the next few hours with hurricane harvey. in imax jumping 6.4% on the opening -- the nymex jumping 6.4% on the opening year. it is now a tropical storm. they are fighting capacity in texas, now down, perhaps more as flooding continues in texas. haidi: we have got some volatility when it comes to oil, but also broader agricultural, everything from cotton to shipping to the top yield crops. we are getting more on this and reaction to jackson hole just ahead. we have steven england joining us to talk about inflation and regulation. betty: five years in jail, w

dallas fed president rob kaplan is speaking this afternoon lowe's reports before the open along with american eagle outfighters, after the close we will hear from hp and pbh. >>> shares of wpp are in the red after lowering its growth forecast the company's ceo is blaming the u.s. we'll bring you his comments. >>> and later, lottery fever is sweeping the nation as the powerball jackpot hits 7$700 million. i need to get some cash and buy a ticket we're counting you down to the big drawing when "worldwide exchange" comes rit ghback we're all working forward to something. synchrony financial can help your customers make it happen sooner. so she can plug into her dreams... and they'll have a new addition for their new addition. whatever you're working forward to, even if it's chasing squirrels, synchrony financial can help you get there. even if it's chasing squirrels, you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the numb

>> dad the dinosaur. >> the kaplan's out of west chester. >> yes. like where do we begin?away at camp for how long? >> seven weeks. >> seven weeks. and did you have any idea? that your dad was going to be doing this? >> i didn't have a clue, the second i saw him, i knew it was him. >> you saw an inflatable dinosaur. you into that you was your father? >> ya. when he was jumping and clapping, that's what i saw, when i go that's that did not just happen. >> so how did you know it was your dad? because you're not surprised by this? >> definitely not the first time that he's worn it, he wears it to everything. what else? i can't think of anything. where did you wear it? >> we did an easter egg hunt one time outside the development. >> we did easter egg hunt, he wears it, like this morning, we went to get dunkin' donuts, he put it on. >> really? >> yes. >> do you feel more comfortable in this costume than outside of it? >> no, it is very hot, and kind of annoying. >> but it grabs good attention? >> i really do want to see what you look like. does everybody in west chester know y

we we hear from oakland city councilwoman rebecca kaplan on this police review board being formed asas the chair of the selection panel who will talk about what qualities and qualifications they are looking for and selecting their final candidates. >>> in oakland, the deputy police chief is leaving to become portland, organ's new chi. danielle outlaw will be introduced on thursday as the new chief of police in portland. she has been with the oakland police department for 19 years and started as an oakland police explorer when she was a student at holy names high school and rose through the ranks. the mayor of portland says she will help improve diversity in her new department as well as create better relations with the general community. >>> the chp is reporting this morning. >> last night there was a report that a woman had been kidnapped in oakland. chp is now saying that does not appear to be true. last night they sent out an alert that a woman had been kidnapped by a man driving a green chevy malibu but they now say that appears to have been a false report. >>> san jose police ar

dallas fed president rob kaplan is speaking this afternoon and on the earnings front, deere, es tee lauderng before the opening bell. >>> gap shares getting a nice pop after a big beat landon dowdy has more. the gap results may be saying something about the consumer or just the corporate fundamentals of gap specifically? >> that's right. bucking the trend there. gap posting earnings of 68 cents a share compared to the 52 cents the street forecast. revenues stronger than expected at 3$3.8 billion same-store sales, a key metric there, up 1% this is the third straight quart wi quarter with a positive increase gap is raising ets fuits full-oe standout art peck saying he's encouraged of the positive trend. he says we still have work to do it's not where we want to be he went on to say we're moving in the right direction but i always want more and faster. while banana republic is the weak point, peck said we have gotten under the covers of banana republic and identified the issues shares of the retailer are up about 5.5% in early trading. back over to you landon dowdy, thank you very much for th

although it's worth pointing out, kaplan, another goldman sachs guy at the federal reserve , if i rememberorrectly, he was an investment banker. it is not like he was an economist. i guess one has to be open-minded, but as journalists, we have to point out the potential clash. the phrase we use in the story is a bulldog leading a bunch of eggheads. you have to be aware of that. steve bannonicking to join goldman sachs. bloombergtory on the in the latest edition of bloomberg businessweek. gary cohn will be a guest himself tomorrow after we get the jobs numbers. trying tod, china stabilize its relationship with the u.s. as the trump administration threatens to investigate potential intellectual property violations. this is bloomberg. ♪ david: welcome back to "bloomberg markets: the trump economy." i'm david gura. i want to correct a mistake we made earlier. oil trader andy hall is said to be closing his main hedge fund at capital management after big losses in the first half of the year. 17.3% through may. earlier today, a colleague of mine incorrectly stated the fund is also closing. it is

we're going to hear from a pair of fed officials we have dallas fed president, rob kaplan and minneapolised president kneel cash kneel kashg comments and on the earnings front, look for news from jcpenney >> department store results have not been well received. >>> shares of snap are sliding again after the social media company reported a bigger than expected loss. snap lost 16 cents a share last quarter. revenues also came in light, 1 $181 million the company added fewer users than anticipated the results raising concerns about competition which snap's ceo evan spiegel did address on the earnings call. >> we have always been last to market, competing against giant companies, we've been able to grow our mbusiness in markets that are highly competitive because we're focused on innovation that explains why we're willing to take this wait and see approach in markets around the world that don't make sense for our business at this point but may make sense in the future. >>> joining us is kathleen smith, principal and co-founder of renaissance capital cramer tweeted i'm thinking the eagles seco

first up, an interview with esther george, and rob kaplan coming on to the show talk to us e-mail the show, streetsignseurope@cnbc, find us on twitter, and tweet me directly at @carolincnbc i love reading your tweets in the morning. if you have any ideas what the central bankers will be doing in jackson hole, what they probably won't be talking about, get in touch. >>> still coming up, competition in the skies for air berlin. we're in frankfurt for the latest on those talks. stick around whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. that's why at comcast we're continuing to make4/7. our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrus

how that would happen and the approach that the committee would take >> dallas fed president robert kaplan expressed a more dovish tone highlighting inflation as a cause for concern for the committee. >> the issue is about inflation. i think we're really trying to weigh the conflict between the cyclical factors which should be creating more inflation, though with a lag, and structural factor facto factors like globalization and technology that are muting pricing power of businesses i'm not saying that we won't act by the end of the year i just want to be -- i think we have the ability to be patient here and see more -- see how these forces unfold. >> the symposium pitts fomc hawks against the committee's many centrists and doves ♪ >>> all this week we've been talking about alternative investments. how gold, wine, art and bitcoin can help boost a portfolio now we look at how antique musical instruments have become an attractive alternative asset. here to explain is nigel brown, founder of the stradivari trust. thank you very much for coming on the show. explain what you do. what is the stra

rob kaplan and minneapolis fed president neel kashkari speaking out this afternoon alibaba and walmarteporting results before the opening bell. after the close applied materials and gap. alibaba has been on a tear some of these chinese internet stocks like alibaba outperforming f.a.n.g. in terms of the technology boost. they don't get as much attention but they have been chbts don >> don't get as much attention and they had an extraordinary rise two, three years ago. we want exposure to the tencents of the world, those webos, then a stagnant two or three-year period, as the f.a.n.g.s took off, now rotation again back into those names >> back into alibaba >> walmart will be interesting they have been sort of steadily improving traffic and positive sales, ramping up the e-commerce efforts. the question is with the stock move which has risen to reward the company, can they continue to outperform? >> stocks to watch shales of l brands slipping. the owner of victoria's secret reporting a bigger drop in same-store sales >>> netapp beating the street. product revenues grew 10% on the year it'

we will hear from oakland city councilwoman rebecca keppel -- rebecca kaplan and we will hear from then from the selection panel to hear about the qualities and qualifications they are looking for. >>> san jose police are looking for more potential victims after a man claiming to be a doctor was charged with sexual assault. police say ezequiel dureo- carajal was arrested july 28 for sexual battery, invasion of privacy and unauthorized practice of medicine. they say ezequiel dureo-carajal owns a holistic pharmacy on west alma drive. san jose police started their investigation when a woman contacted them after she went to the pharmacy on july 15. she said he told her he was a doctor and conducted an i license exam and touched her inappropriately. police went any information about this to contact them. >>> a professor at northwestern university in illinois accused of murder was in a bay area courtroom yesterday saying he is willing to go back to chicago to face charges. wyndham lathem was in court yesterday at the east county hall of justice in dublin. he is accused of fatally stabbing tr

and then we hear from robert kaplan and neel kashkari.eak," 10 years ago this week, bnp paribas told investors they would not be able to hold their investment funds. ensued, but issuit the world a safer place? this is bloomberg. ♪ manus: it is 8:19 in berlin. what a beautiful shot of brandenburg gate. angela merkel took a three-week holiday, setting herself up for a 50 then you tour, as he gets to count down to election 2017 germany. we are counting down as well. every monday we have a program focusing on the german election. futures are lower. ahn has your business flash. snap has fallen short of estimates, feeding fears that aggressive competition from facebook is blunting the social media company's potential just months after the initial public offering. the parent company says daily active users reached 173 million in the second quarter. revenue disappointed and the shares tumbled in late trading. google u.k. has won approval to build a campus alongside the company's existing offices in cakings cross. the building will be the european

we heard from very dovish fomc participants, but we also heard from president dudley and president kaplanoned inflation is probably not coming back to the target level anytime soon. julie: at some point, does inflation become a less important part of the fed's mandate? does it just start to not ignore it but not to weigh it as heavily as the employment picture, or does it prevent the fed from raising rates? matt: that is the big question about.een wondering despite the strong job market, will they start to pay more attention to the shortfall in inflation? i don't know if we are necessarily seeing that coming through in the fed speak. you do have this belief in the phillips curve relationship reasserting itself, so that kind of implies if the unemployment rate keeps falling, is going to be hard for fed officials to shake that narrative, that idea that they need to keep raising rates despite the low inflation. if you look at the components of inflation, there are so many things you can .2. that's part of the problem with the core cpi. you can go through so many components, and they do not h

i also would like to thank our team, bob, andrea, jacob kaplan, penny gargaso, this was indeed a team we had an interesting trial. thank you very much. >> thanks very much. i think ben said it all. you know, i think we're delighted in many ways with this verdict. count 7 was the government's to theorize that i robbed peter to pay paul and jury spoken conclusively they were not defrauded in this case. my investors made three to five times without aid of settlement agreement. some made 10 times more than of their original investment after they did receive settlements. i'm delighted jury did job. saw the facts as they were. most importantly i would like to thank ben, greatest lawyer on the planet, who took a risk on me and paid off. thank you very much, ben and mark, who great success as lawyer is extremely noteworthy and continues with this case. of course penny and andrea who worked around the clock to get these five not guilty verdicts. as mark said -- [inaudible]. i think the jury's found and it is in the record clearly there were no offers at all with respects to counts 3 and 6, whi

kaplan, knows that while he's at the dallas fed.d of the fed knows that these are important inputs, but you can't set aside when bill dudley mentions anything by the way, he's very well scripted and tied into the board of governors and the board of governors staff. i don't think bill says anything that hasn't been fought through by several people, including people in washington >> richard, we appreciate it, as always talk to you again soon >> all right thanks so much richard fisher, the former dallas fed president, joining us up next, john tracks unusual activity in a chip stock that 'll ed 96% over a year wefind out how he's playing it now straight ahead on the half >>> hello, everyone. i'm sue herrera. here's what's happening at this hour senate majority leader mitch mcconnell releasing a statement condemning hate dwrugroups and reports of a rally in lexington. he said the messages of hate from white supremacists, kkk, and neo-nazi groups are not welcome in kentucky or anywhere in america >>> the border between northern ireland an

industrial production data for july and we hear from robert kaplan speaking time.as at 1:00 eastern all through the day, we are all going to be focused on washington and the aftermath of the collapse of the president's very is leadership councils. kevin cirilli joins us with the latest. what happened? kevin: the president this banded two of his ceo council and forums, tweeting the news after a trip, drip, drip of resignations from the board from top level ceos. everyone from under armour come merck, under armour to kenneth frazier the first one to distance himself. that said, republicans on capitol hill have also been quick to distance themselves from the administration for the president's response this week during the press conference in new york regarding charlottesville. lawmakers still trying to get some type of policy initiative done. republicans gathered in california to discuss tax reform and that -- negotiations are underway here in washington. all of this comes as the president earlier this morning disdain foreeting the media including senator lindsey graham and senator jeff fl

kaplan. more from jackson hole, wyoming, coming up over the next couple days.ent draghi draghi. you are watching bloomberg. ♪ . ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. begins,: jackson hole major central bankers convene in wyoming. president trump threatens to shut down the government. and the trade war of words intensifies, china says the u.s. program to intellectual property practices sabotages the global trade system. from new york city, good morning, this is bloomberg daybreak. i am jonathan ferro with david westin. alix steel is on assignment. futures firmer by one third of 1%. the news flow is high. the volume is light coming into today's session after yesterday. euro-dollar at 1.1 798. down -- yen about a speech from chair yellen tomorrow. central bankers will gather today and jackson hole for the kansas city fed economic policy symposi

my name is sean kaplan. we are an industry funded organization that has been in works for over 50 years. our job in mission is to explain what insurance does and how it works. primarily c&ce insurers. on fraud will focus consumers can protect themselves against these crimes. -- this will undoubtedly be the case in 2017. recognizecompanies the majority of claims they receive are legitimate. year from jd this powers received their highest rankings ever. help its trust that may will be rebuilt after happening. whenever there is an incident abroad, and has damaging consequences. pnc interest paid out as much as $30 billion. claims create additional cost, which insurers must factor in into their administration. this puts a strain on the trust and the relationship and for this reason, the insurance agency is dedicated to doing whatever it can to prevent fraud. insurers have allocated for extra resources training, while today, nearly hasy state department in-house fraud bureaus. aside from what we heard from -- dav

not at all, says silicon valley computer scientist jerry kaplan. >> there's more people employed today than there ever have been. and, how do we explain that? except through a process by which increased productivity, increases economic opportunities and actually employs more people than the robots displace. >> reporter: for example, if we're wealthier, we'll take more vacations. >> you've got jobs like flight attendant, hospitality workers, masseuses, yoga teachers, advisers of every kind. and that's a result of the increase in the discretionary income we'll have as the result of the growth of the economy. >> reporter: so think of all the jobs we could do that we haven't even thought of yet. and that's true, admits oxford's osborne. >> in the 2000s, we've seen occupations such as zumba instructors emerge. ♪ ♪ >> reporter: but, he says, as more and more workers compete for non-tech jobs, what will the jobs pay? >> i think we've seen some of that in the last couple of decades, right? with median wages remaining relatively stagnant. >> reporter: right. >> technology is, many people believ