the females have lines of descent that include 11 kentucky derby winners and numerous other stakes winners. in this year's triple crown races, while we cannot claim american pharaoh, we can claim the minto who ran in the kentucky derby and the belmont against american hero. we are now on the second floor landing. we have one of our most important portraits of henry clay. we have many, but you would rise few that would rise to the level of importance of this one. the reason is this portrait is a visual encapsulation of his political ideology. this is a copy of an original painted here at ashland in 1842 by artist from philadelphia and was commissioned by the wig whigs. they wanted to have a visual image to help him get nominated for the presidency and ultimately elected in 1844. claims at -- ideology was -- henry clay's ideology with economic in nature. he felt the best way to ensure the nation remain united and intact with a strong national economy that blended the agricultural economy of the south and industrial economy of the north together as one into one strong national economy. you ca

have all these horses that you hope within a two-year span will be running and safe from the kentucky derby. you have all these horses coming in. a broodmare sale is like the nfl free-agent market. you have someone who is, the racetrack,, a mare that has produced good fourth. you want some and to bring them into continue to produce those. we are nonprofit. everything we make here at keeneland goes back into the facility and the industry. the irs deemed us a not-for-profit in the 50's. we maintain the same philosophy on everything that we do. our margins on the sales emily cover is different than what a christie's would be. most option houses charge the seller and also the buyer. we have a flat commission that we charge the seller of the horse. we cover the overhead with that. the catalogues, pedigree sheets, marketing internationally to allow them to get buyers from overseas and open up those new and emerging markets. everything that we do here we try to put back into the business or back into the community that we try to serve. the economic impact globally is significant. we recently finis

you hope they are eligible for the kentucky derby, so you have all those types of horses that are coming in. and then you have the broodmare sale, more like the free-agent market, where you have someone who has come off the racetrack or someone who has produced three or four really good falls and someone wants to sign them so that they can continue to produce good falls -- foals. all the money that we make goes back into our facility, the community, or the industry. we have industry initiatives. in the 1950's, they said a gambling institution could not be a nonprofit. we still maintain that philosophy on everything that we do. our margins on sales and what we cover is very different than a celebes or a christie -- southeby's or a christie's. we have a flat commission that we charge the seller of the horse. we do the marketing internationally to allow them to try to get buyers to come from overseas. everything that we do here, we tried to put back in the business or back in our community. the economic impact locally is extremely significant. we recently finished up a study where keeneland

. >> they are often the kentucky derby. >> what people don't realize is kentucky nearly lost the horse business at the highest level at one time and this is more for a generation when it would not be used. it was a case that there is always bad courses here come the thoroughbred and kentucky bred the highest number of them but the big money when outdoors to new york and new jersey after the civil war because that is where the financiers, the stock market were. it was a crazy and i went people were making fortunes with no income tax and they were getting rich. they were displaying the wealth. so these people for whom belmont is named. other wealthy persons instead of coming down here and having were signs here, they were building them in long island or westbury fircrest river in new jersey. what was kentucky doing? they had the most prolific routing stallion whose name is lexington. but they didn't have a huge amount of money. mr. agriculturalists and industrial money trumps and it is not here. why wasn't i coming down here to buy a horse farms? because kentucky was a very long list fro

one-year-old horses that you're hoping in a one-year span will be running an safe and sound for the kentucky derby. and then you have the mare sale which is like the free-agent market. somebodies wanting to sign them so they can continue as well. all of our money goes back into our facility and back into the community or back into the industry. we do three industry initiatives but also through the partners that we offer here at their resort -- race course. we were a for-profit institution because gaming could not be nonprofit. in most auction houses, they charge the seller and the they have a fire's premium. we charge of the seller of the horse and cover the overhead. we print the catalogues and the pedigree she's for them. we allow them to try to get buyers from overseas and open up new and emerging markets. everything we do here we trackback into the business. the economic impact locally is extremely significant. keeneland, just in lexington, is about $600 million a year. between our auctions and the amount of money we generate from people coming out of town eating at our restaurants, staying in

they have lines of dissent that include 11 kentucky derby winners.n this year's triple crown races, while we can't claim american pharaoh, we can claim a mintel -- the mento. we are on the second level at ashland on the second floor landing. here we have one of our most important portraits of henry clay. few that rise to the level of importance of this one. this portrait is a visual encapsulation of his political ideology. this is a copy of an original. a commission from a group of wigs, the whig party was his political party. he wanted to have an image to help him get elected in 1844. his ideology was economic in nature. he thought the best way to ensure the nation remained united was for a strong national economy that blended the agricultural economy of the south and the industrial economy of the north as one. you can see at the bottom corner of the industrial north and the agricultural south. clay calls his plan the american system and it has several planks. the first of those was something he calls internal improvement. they would include roads b

you have these one-year-old horses that will be eligible and safe and sound for the kentucky derby. then you have our broodmare sale. if somebody less the racetrack and somebody wants to sign them or bring them into their band so they can continue to produce. we were founded as a nonprofit. all of our money that we make goes into our facility, back into the community or the industry. we were deemed not a for profit, but we maintain the same philosophy on everything that we do. our margins on the sales and what we cover is very different than sotheby's or christie's would be. we just have a flat commission that we charge the seller of the horse. we cover the overhead with that. we do the marketing internationally. everything we do here we try to put back into the business or art community. the economic impact is extremely significant. $600 million a year. between our auctions the amount of money we generate, people coming from out of town, staying in our hotels, when you factor in our 32 days of racing we have a lot of local customers. from 35 days worth of sales, you have people who

. >> when you watch a major derby like the kentucky derby or pimlico or belmont, can you tell which horse is best prepared? gov. chafee: i've been on the racetrack a long time. i've been there for seven years. thousands of races. i have a pretty good record taking, just watching, but being there, there is no substitute for being on the track and watching these horses every day. >> you began your career as a republican, why? gov. chafee: in rhode island, we were the loyal opposition to the very democratic machine that was everywhere in rhode island. i enjoyed being that alternative choice for rhode island. my dad did it. it was an uphill climb every step of the way, but i got elected as a councilman, then as mayor, reelected three times then became an independent governor. >> when you lost your senate bid for reelection, what did you think? gov. chafee: i knew the party was changing. others left the party because there was no room for pro-choice, pro-retirement -- environment, antiwar, but i had to deliver for rhode island. we had a republican president, republican majority in the house an

the republican presidential field is now looking like the starting gate at the kentucky derby. 16 officialnce in the race. the latest to join in the campaign, john kasich. the ohio governor made his bid official earlier today in columbus. you for yourk prayers, for your support, for your efforts, because i have decided to run for president of the united states. mark: he served in common before becoming governor but may not get into the presidential debate next month in his own state. only the top 10 cabinets in the polls take the stage and he currently stands at number 12. diplomat relations between the u.s. and cuba are getting back to normal but that cannot hide the huge differences between the nations. yesterday the cuban flag went up over its embassy in washington more than a half-century after it was taken down. several hours later, the u.s. secretary of state made it clear that at least for now the u.s. will not negotiate over its naval base at guantanamo bay. noat this time, there is discussion and no intention on our part at this moment, to alter the existing lease treaty or other

crossing the terminal, the republican presidential field is looking like the starting date at the kentucky derby16 entrance in the gate. who is going to win? the latest to join the race is ohio governor john kasich who made his bid official an hour ago in columbus. and he saw a lot of people dying. uncle steve was not a churchgoing man, but in the middle of all of the violence in saidlood in the death, he to god, if you'll take me off this island, i will go to church -- betty: kasich served 18 years and commerce before becoming governor four years ago but he might not get into the first presidential debate next month in his home state. only the top 10 candidates in the polls will take the stage and he is currently number 12. a major newspaper in an early primary states has donald trump should quit the presidential race. an editorial did not mince words. the des moines register call sam a blowhard this calls him a blowhard and says he is degrading of john mccain is the last all. trump is not apologizing. virtually the head person in washington. he is the head of the group that runs -- i mean, som

the republican national field -- lookingblican field like the kentucky derby with 16 people in the race kasich made his bid official earlier today in columbus. he is promising to make national security a priority. >> in this case, national security climbs to the very top of the heap, because we must be strong, and we must assume our role as leaders of the world. he served 18 years in congress before becoming governor four years ago but may not get into the first presidential debate next month in his own state. only the top 10 candidates in the polls eight stage and he is 12. you know who rex first? donald trump. -- arly poll says newspaper and i was that donald trump should quit the race. register called blowhole and says that he should drop out of the race. however trump is not backing down. he is virtually the head person in washington, the head of the group that runs -- somebody is doing a bad job. it is massive corruption, massive incompetence. the people are really being treated like third country citizens. scarlet: the latest poll of likely primary voters put trunk with a double-d

at andrews air force base in maryland, that super bowl champion rob gronkowski, fresh off the kentucky derby may weather/pacquiao fight, now in our area, teaming one pro camps, 100 military kids for two days. >> people are coming and supporting us every sunday, coming to watch us. so, there's big fans out there all across the u.s., patriots fans everywhere and great to come out here and see everyone patriots gear on the kids just running around, having a blast and great to give back so the kids have an opportunity to succeed in life. >> come back to maryland, where i played my college ball at and hang out with some of these military kids and their parents are out there, giving it their all for our country. always good to come back and give back a little. >> see the family turk ties, back in the area. >> how cool is it to play with rob gronkowski? that is big. super bowl. >> 'cause he bad. >>> tonight, are airlines conspiring to fix prices? the feds investigating whether carriers are illegally wther to limit seats and keep prices high even at a time of record profit. >>> holiday terror threat

you'll play six hours of pre-kentucky derby footage, but you can broadcast women's soccer?hink people would rather watch someone talk about hats than watch some bad ass american bitches take down colombia? [ cheers and applause ] yeah! [ cheers and applause ] really? >> seth: really? if you want to attack somebody for playing soccer, how about children? >> yeah. >> seth: now that is boring to watch. [ laughter ] "you're offsides, tyler. no, the monkey bars are offsides." >> sweetheart, the wrong goal. >> seth: that's the wrong goal. that's your goal. >> you've got to stand up if you play. come on, tyler, really? >> seth: really, tyler? [ laughter ] >> okay. maybe there's nothing in women's sports that directly compares to a lebron james windmill dunk, but women do have a lot in common with lebron. we wear head bands. [ laughter ] we love to travel. [ laughter ] and much like lebron in the finals, we often find ourselves asking, "hey, i can get some help around here?" [ laughter and applause ] [ cheers and applause ] >> seth: i mean, really? >> really. come on, really? >> se

you could predict the future me and you would be at the kentucky derby making money.ou have to make educated decisions based upon the information you have. sometimes you're right, sometimes you're wrong. i think the one thing everybody's got to know is we will continue to try to make this thing a championship operation. that's what this deal is all about. >> reporter: bradford's injuries kept him from being a full participant in june's mini camp but he's expected to be full go when training camp begins sunday. he will be competing with returnee mark sanchez for the number one quarterback spot. >> you think sam's got potential, we think mark's got potential. we have to build around it. you look at all the winning organizations, very rarely if you want to play with the odds as we want to play it's got to be a good quarterback situation. only way you will get a quarterback is you have to be he really the notnot very good. if we're not very good and we finish in the top one or two in the draft i don't think i will be here. we have to find another way to get a quarterback.

they are also banned in places such as the kentucky derby and wimbledon.hey are in the banned on a independence mall, however i saw a lot of selfie sticks walking to work yesterday. >> love park you see so many people that want to get the big l-o-v-e behind them. >> if you are in a crowd you can put someone's eye out but in a big open space at love park i don't see a problem with that. >> true. >>> several day cares shut down without any warning in camden some parents are scrambling to find a place to take their kids. is what coming up at 5:00. >>> 4:57. we are following developments out of louisiana where another movie theater shooting happened, hear from witnesses about the horrifying ordeal. you wish your dog could fight off fleas and ticks. but since he can't... you rely on frontline plus. because frontline plus unleashes a deadly killing force to kill fleas and ticks, plus flea eggs and larvae, preventing a new infestation. its protection lasts a full 30 days. no wonder frontline plus is the #1 choice of vets for their pets and yours. after all, your

they look antebellum southern and the whole idea of the kentucky derby is a quote unquote southern eventwith southern belles and people wearing big hats that we were known as the western region. that was her reputation from pioneer days when people began to move westward. kentucky became a state in 1792 and it was on the western frontier at the time so that's how kentucky was none. you don't see daniel boone pictures in people's imaginations as a southern gentleman, the stereotype of a southern colonel. he is a guy wearing frontier clothing and that's how people viewed us at the time. he came to kentucky either to settle here or to move farther west. why did they start looking at us as southern? i think a good part about was that at the time southern plantation literature fiction was very popular. people were going through a nostalgic turn about a generation after the civil war. everybody is reading writers like john fox junior who is from kentucky and he is writing about this gentile southern place here and affixing that image of southerners and people's imaginations. kentuckians were q

the ring bearer, the crown bearer -- tom: at the kentucky derby. brendan: that is a big wedding.ing really splashed on that one. i like it. tom: michael pond looking at us. ok, we will do some business stuff. we are thrilled to bring in michael pond this morning. we are going to talk about inflation disinflation, and reflation, really this arch call that affects janet yellen. where is the future inflation out there? our twitter question of the day -- some stability in europe -- is the euro crisis over? we need your opinion. tweet us @bsurveillance. from new york city, hot -- i mean steamy. it was 83 when i got up. "bloomberg surveillance." ♪ tom: good morning everyone. we start strong this week. michael pond with us this hour. ian bremmer will join us in the next hour. 7:00 a.m., ian bremmer on greece, germany, but we will touch on cuba as embassies open between the u.s. and cuba. let's get to top headlines with vonnie quinn. vonnie: former president george h w bush has been released from the hospital last week he fell at his summer home in maine and broke a bone in his neck. doc