keenan says put your head back. and that's when he come out with an 11-inch hunting knife and slit his throat. pushed him into the creek and told joe d'ambrosio, finish the job. >> at this point, espinoza said he heard tony screaming for mercy, crying out, "please don't kill me." >> joe grabbed the knife, jumped into the creek and put three big holes in that boy's chest. and killed him. that's eddie espinoza's story. my partner and i both felt that this man was telling us the truth. >> based mainly on espinoza's account, police charged mike keenan and joe d'ambrosio with aggravated murder. each would face the death penalty. joe's court-appointed lawyer convinced him to waive his right to a jury trial. >> i haven't a clue of the law. so whatever they said, i did. >> the prosecution was handled by a tough veteran litigator named carmen marino. >> on this case from my standpoint it was a job well done by the police officers. they investigated a good case and brought in good witnesses. there was nothing in this case tha

su keenan -- angie: su keenan, think you so much for that out of new york. a bio team knocking on avon stores and investors flushed with excitement. shares surged 20%. but was the offer to good to be true? york,g us from new lindsay, plenty of signs this was a hoax? lindsay: absolutely. the price was really high. it was three times what avon had closed at the day before. the firm misspelled its own name in its filing. or than once, actually. there were typos. the lawyer didn't exist. there were a lot of signs pointing to this being too good to be true. and what was the big fallout? lindsay: the stock shot up 20%, to eight dollars. people said that it was halted and it started to go back down. it closed up. it's a tough thing to watch if you are an investor. you're not sure if this is true. is it too good to be true? i think a lot of people are waiting and seeing. a lot of people had not the their stomach. what happens now? looking toon is sell. they are selling their north american business. it's up in the air. the had entertained offers before and rejected

this one is coming from keenan. keenan: i addressed this a little bit earlier. could you please address your priorities and philosophy when you are confronted with an issue regarding the balance between individual privacy and government provided security, such as law enforcement or national defense? senator paul: benjamin franklin said those who give up their liberty for security will have neither. i believe that. i do not think it is a trade-off. i think we can capture deter and protect our nation from terrorists and use the constitution to do it. the reason i am hesitant to allow blanket surveillance or allow police to go in any house in america to grab people without a warrant, that is what we fought the revolution over. one of the things we objected to the british, the british soldiers were writing their own warrants. under the patriot act, we now allow that in our country. i want to have the separation between the police and the judge . why? people in government are not all perfect angels. i know my perfect fbi -- i know my local fbi agent. the reason i wan

bloomberg's su keenan is joining us from new york.igthe stronger dollar a part of this, driving stocks and the dollar lower, thomas added eight-year high against the yen on that stronger than forecasted economic data. everything from housing to manufacturing to consumer confidence coming in ahead of estimates, and that boosted the case for higher interest rates. debtor for the economy is worse for the market in the short term in terms of the trading because of the interest-rate outlook. now, we saw gold fall. and we have morgan stanley forecasting that a stronger dollar will continue to pressure oil prices and energy as a whole. and it was a down day. apple, hewlett-packard, google all falling aztec came under pressure on the economic front. to take a closer look -- all falling as tech came under pressure on the economic front. all of this is now leading economists surveyed by bloomberg to join as a camp that the fed will raise rates as early as september. we also had a separate report in 20g prices for homes u.s. cities rising at a f

thank you, su keenan. let's check in on markets in this region, asia. in new zealand, fractional losses. new zealand dollar spot at 73 u.s. cents. it continues to weaken after the government said it would annex property curves. -- and property curves. we are also coming down to the close in japan and australia. check that out. 120 points away from 1000. will we get there? that is the look from chicago futures. they could open about the 20,000, psychologically important mark. in other news, greece says a deal with creditors is nearby that is at odds with those that say the banks are running rapidly out of cash. the finance minister is hourly -- outwardly optimistic but says he would prefer to default to the imf rather than greek pensioners. some economists say coffers will run dry in the next three weeks. china wants its new asian infrastructure bank to stand out from the crowd, especially when it comes to speed. sources say beijing wants loan approvals to be made more quickly and is considering giving senior staff more power over decisions. the proposal

our commodities reporters su keenan tracks crude oil over $60 a barrel.nd how the disney theme parks and "frozen" toys led the way, and david powell is in london following the latest on the greek bailout talks, but first let's get you to some of the top stories we are following. disney is at it again. the world's largest entertainment company posted quarterly profits that were 10% better than a year ago. results improved at the disney theme park and merchandise units. "frozen" is still a big moneymaker almost $1 billion a merchandise sold. one clout, operating income fell at the disney table networks, the reason higher production costs at espn. after 20 years as the head of cisco, john chambers one as -- want to survive the boom and bust cycles, and now, he is stepping down as ceo. he will move to the chairman's seat, and earlier, mr. chambers discussed his new role. mr. chambers: i will be his wing man, the next frontier forces go, to power our growth not for one or two years but 10 years, focus on tea, strategic partnerships and speaking, so the bottom

. >>> so matt walks into keenan auto body, and we're on tv, so we want to thank keenan auto body theown that place they watch fox philadelphia. >> thanks for watching us. >> maybe we should put little contest together. >> oh, what kind of contest? >> i'm thinking. >> the problem is we have contests we have to have a prize. >> that's your problem ya. but they get the prize, could be the pride that you have from winning the contest? >> pride is the prize? >> yes. >> nobody wants that. >> poor matt, he has recommends his car. >> he did? will he be able to come to work? you know he works here. >> he does? >> oh, shoot no wonder he sent it in. >> you didn't know that? >> i did. i just didn't want to admit it. >> oh, sorry. >> but still oh, so maybe -- oh, i see. >> he's having a bad day. >> i ruined it. >> don, you never would have done that. >> my gosh, so mean to me. >> sore. >> i here's the thing, you know, you're having a bad day you have wrecked your car, you had to go in and get it fixed then you got to sit through good day. no kidding. let's talk about the billboard music awards, i

gene munster joins us and an investor at keenan partners in silicon valley. thank you for joining us. gene i will start with you. 15 years from now, you save er will be everywhere. are people ready? do people really want to strap these headsets on an go into the virtual world? gene: they don't understand what the value that will be created for this in the utility and experiences. ifi think if they could understand, they would be ready. it will take some time for the content and experience to be refined. we think this will be as dramatic of a technology shift for consumers as the smartphone was 10 years ago. we knew it was coming. it has become bigger than we thought. we are probably where we are at in terms of vr and longer in terms of augmented reality. brad: everyone seems to be thinking games will be the first application. you have seen failed attempts in the past. we were talking about the nintendo virtual boy. what are the obstacles to adoption? >> the days that i walk around like this -- it is probably several years from now. this is a space with a ecos

i thought i would look at this right here. 82 degrees that's frank keenan in novato.to see the return of the onshore push so we are seeing cooler temperatures. that will be nice for the "tour de cure" taking place in the north bay this weekend on sunday. trying to bring awareness and much-needed funds for diabetes research. see out there on sunday at 73 degrees. yes, right now blue skies as we look towards the transamerica pyramid but on the western half of the city, we're starting to feel that sea breeze kick in. that's why it's 58 degrees in san francisco. but we're talking 86 degrees in livermore. we almost have a 30-degree temperature span right now in and around our microclimates. this weekend san francisco low 60s saturday, 60 degrees on sunday. right now we're still under the influence of that right there that area of high pressure. it will continue to dominate our weather pattern. however, we're seeing this area of low pressure slide down south and enhancing that marine layer and kicking in that onshore flow. so the temperatures are already beginning to go dow

josh: let's go to keenan. >> senator paul, you address this earlier but these address -- please address your philosophy when confronted with an issue regarding the balance between individual privacy and government provided security. such as law enforcement. any of those other contacts as well. sen. paul: benjamin franklin said that those who give up their liberty for security will have neither. i believe that. i do not think it is a trade-off. i think we can capture, deter, and protect our nation from terrorists and use the constitution to do it. the reason i am hesitant to allow blanket surveillance or police to go in any house in america without weren't -- warrant is that is what we fought the revolution over. the british were writing their own warrants. under the patriot act, we allow that in our country. i think that is wrong. i want to have a separation between the police and the judge because people in government are not all perfect angels. i know my local fbi agent and he says, don't you trust me? yes, you are my friend. but the reason i want you to call a judge, there was a time

su keenan, bloomberg news.haad: here's a question for you -- what do kfc and a contest have in common? revenue. >> we will try to make a connection. lets kickoff with the euro. >> this is the semi final. greecestant from submitted a song that was appropriate to the current situation in the debt crisis right now. the title was called one last breath. some people saying come back and save me, what happened was not fair. all i have is one left breath. some people are saying the timing seems kind of right a couple of days beforehand. some people say greece has found cash. what is the title of the song? "i will survive." every vote for greece tonight will contribute to one euro to paying off their national debt. good news is she made it to the finals. collects at the end of this week -- >> at the end of this weekend? >> yes. they had different names. >> we are saving ourselves. you remember this colonel? >> of course. the spokesman. >> kfc is what we are talking about. kentucky fried chicken. they are bringing the c

we have su keenan joining us with the details. it has not been all good news. reporter: no, it hasn't. it was front and center. saying that bank of america may have to make more cuts is -- if trading doesn't improve, is from ceo ryan moynihan. it is coming as the global markets trading desk posting 28% decline in the first quarter. that is mainly on fixed income trading. it can be squeezed if revenue does not rise. let's listen to how the ceo put it. >> if the environment stays flat, we will have to keep working at expense facedown. we worked it down to one level, decent returns. we have to work it down again in the next couple of days. shares rise did see about one and half percent on the day and revenue in the fixed income currency and commodities sales and trading division, fell 7%. that was mainly due to decline in credit mortgages. compare that to j.p. morgan chase, which had a 5% increase. jamie dimon also at the conference and talking about everything from lazy shareholders to the bank successions plan. what is the story? reporter: even about the recent

our commodities reporters su keenan tracks crude oil over $60 a barrel.y theme parks and "frozen"

. >> pedro is not a keenan cunning individual. >> neither etan's body nor traces of his dna were ever found, no physical evidence tide hernandez to the fine. but etan's father stanley says he believes hernandez is guilty suggesting the confession should have been enough for a conviction. >> this man did it. he said t how many times does a man have to confess before someone believes him? >> i'm sure the city of new york is interested in a resolution of this case, i would say that there is only a resolution if the correct man is held responsible and we firmly believe that pedro hernandez is not the right man. >> jose ramos convicted pedifile who admitted he was with etan the day he vanished, has since recanted and says he had nothing to do with the case. fox news. >>> the price for the so-called bridgegate scandal keeps getting higher and higher for new jersey taxpayers. taxpayers have now been on the hook for $7.6 million. most of it going toward the investigation into the 2013 lane closures. this week, the attorney general's office announcing the bills in the past five months have add

in new york, su keenan, bloomberg news.corporate stories. >> warren buffett has spoken about the type of person he sees replacing him as berkshire hathaway ceo. he said the candidate will need an array of skills, and must be more than an investor. he was speaking at an annual meeting, and says he expects someone with operational experience. luxury car sales in the u.s. are outpacing the industry as bmw and her sadie's -- mercedes, the luxury segment will expand up to 8% according to industry estimates. the company reported record sales lead by entry-level models. the opening weekend for disney's "avengers" sequel has been upstaged by a real-life fight. the avengers movie took $187.7 million in u.s. and canadian cinema. it came in under disney's estimates of $210 million. theness was siphoned off by pay-per-view boxing match between floyd mayweather and manny pacquiao. lots of people watching that over the weekend. that is company news. angie: another bump in the road after itsfter -- uber offices were raided by investigator

. >> keenan. >> oh my gosh. >> keenan was a pro at that age.has a moment ♪ >> we'll take a lot of time to listen to that. ♪ it suddenly clear ♪ >> we had to race through my day. >> i didn't do it. all right. i wanted to do a mother's day. even though it's a little afterwards. sabrina montgomery from wyoming. her 22-year-old daughter nominated her. three children. her youngest is a 2-year-old brodie who's been through a lot down syndrome diagnosed with a heart defect and had to have open heart surgery while taking care of him she was diagnosed with breast cancer. she's gone through two rounds of chemo and finished radiation while her 2-year-old was in icu. imagine. she says her mom never complains and puts her energy into her children. take a look at the moment her daughter desiree told her mom she was chosen to be very fewered on our show. >> okay. . mom, i have your mother's day gift. >> what? >> yeah. >> i wrote the "today" show for kathie lee and hoda "everybody has a story" and we won. we're going to new york on wednesday and we're going to

here to keenan stadium.he girl from carolina the one from my own graduation that i mentioned at the start, well she is actually here in the stadium again today. she has four small humans in her wake that keep referring to me as their father. [laughter] [applause] >> i love you jamie more than you can know. i better get some brownie points for that. [laughter] >> my motheral happens to be here today in this special stadium. [applause] my mother is taking in the glorious pageantry one more. and inspiring me each day with her choices of courage, kindness and optimism. and so now, grad waisting class of 2015. this is had your adventure begins. my wish is that you make it the most epic adventure possible. dream, dream big. take risks. fail. pick yourself back up again. always always remember this. there is no adversity capable of stopping you once the choice to persevere is made. it h honor in the highest privileges to address new morning. i am rooting for each and every pun one of you. thank you and congratulati

. >> joining us we've got jim keenan and larry mcdonnell.ys. >> welcome back. >> and you both have high yield on your minds right now. but what happens when the fed starts to raise rates? does it become less attractive? what do you do with that? >> our basis is that the fed is going to start to raise rates. the economy is still in pretty good shape right now. that bodes well for corporate earnings and high yield spreads are pretty decent. >> you're not the only person who points out the fed is going to gradually raise rates but that won't be lost on all the market participants who are going to want to get out the exits. >> some of it's around transparency and what the fed is going to do. if the fed was to tighten rates to a level that was going to squeeze the economy enough that you're not going to see growth that's going to present certainly the equity market as well as the high yield and corporate spreads. if the market is improving, that's how we view it. there's been a lot of deleveraging going on. rebalancing of the leveraging from the